Understanding Of Elemental Cost Analysis Construction Essay Example For Students

Understanding Of Elemental Cost Analysis Construction Essay The analysis is really done to be used by the interior decorator and the client for future undertaking and hence, comparing between two or more edifices can be made. This is brief undertaking cost information gathered from measures of measures. We will write a custom essay on Understanding Of Elemental Cost Analysis Construction specifically for you for only $16.38 $13.9/page Order now Apart from the cost analysis, information such a brief undertaking specifications and the overall undertaking information are besides included in the ECA. Outline1 Purpose for ECA2 Uses of ECA3 Appreciation4 Judgment5 Belated remedial action6 Planing7 Abbreviations of signifiers8 FORM 1 Information on entire undertaking and analyzed edifice9 Constructing type and Code:10 Construction Classs:11 A 2 32112 A 32113 3- Residential Buildings14 Information ON TOTAL PROJECT15 7 ) Undertaking inside informations and site status:16 10 ) Tender List:17 RM18 Int/JV/L19 RM20 Int/JV/L21 Area22 11 ) Gross Floor Area:23 GFA = 6156m224 GFA 32125 FORM 2 Summary of component costs26 Entire cost of component ( RM ) :27 Cost/m2 GFA ( RM ) :28 Element Unit Measure:29 Element Unit Rate ( RM ) :30 Element Ratio /m2 GFA:31 Reinforced Concrete ( M3 ) :32 Reinforcement ( kilogram ) :33 Formwork ( M2 ) :34 FORM 3 Brief Specification35 BENEFIT OF ELEMENTAL COST ANALYSIS36 Decision Purpose for ECA To demo the cost relationships between several sections/ parts of the edifice, if there are any. To let comparings of cost with other different undertakings. The cost that is obtained from the cost analysis is deficient to find the existent monetary value. It has to take into history the conditions and the inside informations of the undertaking and the quality and measure of work involved. The cost analysis has been introduced to supply cost information particularly for the procedure of cost planning. The cost analysis is prepared by analyzing the information of a undertaking which has been planned or constructed in which the measures of measures have been priced. Therefore, the cost analysis is prepared based on the informations received from the successful stamp and is non based on the actual amount of the undertaking. However, there are several grounds as to why the cost analysis is non prepared based on the actual cost: The concluding history is frequently complex and requires much ttime to analyse the alterations in the history. This would ensue in the decreasing involvement of the single fixing the cost analysis. The readying of the concluding history is clip devouring due to several grounds and this could ensue in the cost analysis that is published to be out-dated The historical information for cost planning may non be accurate particularly during high rising prices ( although there are processs to update this by utilizing indices ) . It is hard to do allotments for the addition in cost and contractual claims, which are tailored to the single elements. Uses of ECA Appreciation It enables clients and interior decorators to cognize and appreciate how cost is distributed among the functional constituents of a edifice and compared to the overall cost of a edifice. Judgment It enables clients and interior decorators to develop thoughts as to how element costs could hold been allocated to obtain a more balanced design. This opinion is of import to estimate the effectivity of cost and quality of a edifice. Belated remedial action Allows remedial action to be taken on reception of high stamp, by uncovering the beginnings of over-expenditure that is by doing comparings between estimated costs and tender monetary value. This will enable tardy remedial action to be taken. Planing The cost analysis could be used as a beginning of cost information to assist with the cost planning of future edifice undertakings. Abbreviations of signifiers To simplify the amplification the writer will utilize the undermentioned abbreviations for each signifier. Form 1 F/1 Form 2 F/2 Form 3 F/3 FORM 1 Information on entire undertaking and analyzed edifice This signifier is divided into two subdivisions ; the first subdivision provides overall information on the undertaking including the location, the client, type of contract etc. The 2nd subdivision provides information and analysis of a individual edifice. Each separate edifice in the undertaking has a different analysis. The chief intent for the information in Form 1 is to inform the user of the analysis the background of the undertaking and the status of its monetary value degree. This will enable the user to do the necessary accommodations to provide for differences in location, market status, type of contract, size of contract and specifications of the undertaking. .u2bff33c224aaddf9e36d12ecf7dcb0e8 , .u2bff33c224aaddf9e36d12ecf7dcb0e8 .postImageUrl , .u2bff33c224aaddf9e36d12ecf7dcb0e8 .centered-text-area { min-height: 80px; position: relative; } .u2bff33c224aaddf9e36d12ecf7dcb0e8 , .u2bff33c224aaddf9e36d12ecf7dcb0e8:hover , .u2bff33c224aaddf9e36d12ecf7dcb0e8:visited , .u2bff33c224aaddf9e36d12ecf7dcb0e8:active { border:0!important; } .u2bff33c224aaddf9e36d12ecf7dcb0e8 .clearfix:after { content: ""; display: table; clear: both; } .u2bff33c224aaddf9e36d12ecf7dcb0e8 { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .u2bff33c224aaddf9e36d12ecf7dcb0e8:active , .u2bff33c224aaddf9e36d12ecf7dcb0e8:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .u2bff33c224aaddf9e36d12ecf7dcb0e8 .centered-text-area { width: 100%; position: relative ; } .u2bff33c224aaddf9e36d12ecf7dcb0e8 .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .u2bff33c224aaddf9e36d12ecf7dcb0e8 .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .u2bff33c224aaddf9e36d12ecf7dcb0e8 .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .u2bff33c224aaddf9e36d12ecf7dcb0e8:hover .ctaButton { background-color: #34495E!important; } .u2bff33c224aaddf9e36d12ecf7dcb0e8 .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .u2bff33c224aaddf9e36d12ecf7dcb0e8 .u2bff33c224aaddf9e36d12ecf7dcb0e8-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .u2bff33c224aaddf9e36d12ecf7dcb0e8:after { content: ""; display: block; clear: both; } READ: Salem Witch Trials EssayConstructing type and Code: There are 10 categorizations on types of edifice based on ( C1/SfB Classification Table 0 ) : 0: Land, Planning, Landscape 1: Civil Engineering Work 2: Conveyance, Industrial Buildings 3: Administrative Buildings 4: Health and Welfare Buildings 5: Refreshment, Recreation Buildings 6: Religious Buildings 7: Educational, Cultural, Scientific Buildings 8: Residential Buildings 9: Buildings, Spaces in general Residential Buildings for this undertaking shall be classed under class 8: Buildings, Spaces in general Construction Classs: Construction categories are divided into: A: Reinforced concrete framed building Bacillus: Steel framed building Degree centigrades: Timber framed building Calciferol: Light framed steel or strengthened concrete building A 2 321 A 2-storey strengthened concrete framed building with Gross Floor Area of 321m2 is expressed as follows: The combination of a 2 floor hall edifice made of strengthened concrete framed building with Gross Floor Area of 321m2 is expressed as follows: A 321 3- Residential Buildings 3 ) Job Title: Cadangan Membina Sebuah Banglo 2 Tingkat 4 ) Location: Daerah Melaka Tengah, Melaka 5 ) Client: State the type of client whether authorities, private or semi government-Private 6 ) Tender day of the month: Date fixed for stopping point of tender- 7/1/2007 Information ON TOTAL PROJECT 7 ) Undertaking inside informations and site status: Explanation shall include the undermentioned: Undertaking description Handiness to site Proximity of other edifices Site topographical and geological conditions Weather Any skip or exclusion from undertaking Example of amplification: The undertaking comprise the building and completion of 2 storey banglo and associated accessory edifice and external plants. The purpose site is level and in good status. 8 ) Contract: Type of contract used Standard PAM Form of Contract ( with measures ) 9 ) Market Condition: Brief study on market status shall be provided with respect to handiness of stuffs and labor, acuteness and competition Market status is competitory and monetary value of labor and stuffs are stable. 10 ) Tender List: List of stamps received. If the figure is excessively many, province at least the lowest five, arranged in falling order. The highest stamp value is listed last in the tabular array. Indicate whether stamps were from local builders ( L ) , by international builders ( INT ) , or by joint venture between the two ( JV ) . Mention to tender study. If there are merely a few stamps, the list is as follows: RM Int/JV/L 325060 Liter 320000 Liter 289500 Liter 255200 Liter If the stamp list is extended, the list is as follows: RM Int/JV/L 325060 Liter 320000 Liter 289500 Liter *255200 Liter *The highest stamp value Area 11 ) Gross Floor Area: Method of measuring: Sum of all enclosed infinites carry throughing the functional demands of a edifice measured to the internal face of enveloping walls ( or column, door and the similar ) Enclosed infinites are defined as all infinites that have a floor and a ceiling and enveloping walls on all sides at full or partial tallness. Open bannisters, louvres, screens, columns and the similar shall be deemed enveloping walls. The gross floor country is measured gross without skip to countries occupied by columns, internal constructions or party walls, etc. Areas of lift suites, armored combat vehicle suites, engine suites and the similar above chief roof are besides calculated in GFA. Sloping surfaces such as stairwaies, galleries, tiered patios and the similar shall be measured level on program Spaces that fulfill the functional demands of edifice which are non enclosed infinites shall be shown individually under Unenclosed Spaces. B A ; L: Measured gross without skip to countries occupied by columns, stairwaies and dividers. GFA = 6156m2 Useable country 231 Circulation country 32 Ancillary country 48 Internal divisions 10 GFA 321 FORM 2 Summary of component costs In general, Form 2 shows the systematic dislocation of the costs of elements of a edifice. There are more than 20 elements in Form 2 and each component is grouped under six group elements ( five edifice groups and one for each group component of external work and preliminary work ) . Form 2 provides information on the entire cost of component, cost per M2 GFA, element unit measure, element unit rate, ratio of component per M2 GFA, etc which could be used to do a realistic estimation and to fix the cost program for new undertakings. It could besides be used to do cost comparings to guarantee cost does non transcend the estimation. .uc37964086fe75722bb100127bfe56a34 , .uc37964086fe75722bb100127bfe56a34 .postImageUrl , .uc37964086fe75722bb100127bfe56a34 .centered-text-area { min-height: 80px; position: relative; } .uc37964086fe75722bb100127bfe56a34 , .uc37964086fe75722bb100127bfe56a34:hover , .uc37964086fe75722bb100127bfe56a34:visited , .uc37964086fe75722bb100127bfe56a34:active { border:0!important; } .uc37964086fe75722bb100127bfe56a34 .clearfix:after { content: ""; display: table; clear: both; } .uc37964086fe75722bb100127bfe56a34 { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .uc37964086fe75722bb100127bfe56a34:active , .uc37964086fe75722bb100127bfe56a34:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .uc37964086fe75722bb100127bfe56a34 .centered-text-area { width: 100%; position: relative ; } .uc37964086fe75722bb100127bfe56a34 .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .uc37964086fe75722bb100127bfe56a34 .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .uc37964086fe75722bb100127bfe56a34 .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .uc37964086fe75722bb100127bfe56a34:hover .ctaButton { background-color: #34495E!important; } .uc37964086fe75722bb100127bfe56a34 .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .uc37964086fe75722bb100127bfe56a34 .uc37964086fe75722bb100127bfe56a34-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .uc37964086fe75722bb100127bfe56a34:after { content: ""; display: block; clear: both; } READ: Describing Graphs and Charts EssayEntire cost of component ( RM ) : This is the entire cost of component and the cost shall follow the List and Contentss of component in the Manual. If cost is non related to the said component, ( ) shall be inserted. If costs of more than one component are group together, brief notes shall be provided explicating where they are grouped. All the entire cost made from Bills of Quantities or calculated by EUQ x EUR. WBLFF: Entire cost of component = EUQ x EUR = 136 M2s x 125 = RM 17000.00 Cost/m2 GFA ( RM ) : Calculated by spliting Entire Cost of component with GFA. Frame: Cost/m2 GFA = Total Cost GFA = RM 255,200 321 M2 = RM 795.016/m2 Element Unit Measure: All countries shall be the net countries, for illustration, country for external walls shall exclude country of Windowss and doors, etc. if the measure is measured in volume ( air conditioning infinites ) volume is calculated by multiplying the net country with the tallness of the infinite to be air conditioned. The abbreviation used is Tm3. All the sum harmonizing to taking off or measured through drawings. Element Unit Rate ( RM ) : Calculated by spliting Entire Cost of Element with Element Unit Quantity. It is rounded away to the nearest ringgit. Upper FLOORS: Element unit rate = Total Cost EUQ = RM 8000.00 185 M2 = 43.24 Element Ratio /m2 GFA: Calculated by spliting Element Unit Quantity with GFA. It is stated to three denary topographic points. Roof: Component ratio/m2 GFA = EUQ GFA = 204 M2 321 M2 = 0.636 Reinforced Concrete ( M3 ) : Measure of strengthened concrete in elements in M3. Reinforcement ( kilogram ) : Measure of support in kilogram. Formwork ( M2 ) : Measure of formwork in M2. FORM 3 Brief Specification Form 3 provides brief information on undertaking specifications based on each component. It briefly describes the assorted constituents in each component including the types and quality of stuffs used. This signifier provides a brief image of the edifice criterions and quality and this information is of import for cost comparing intents. It can be refer to the list and contents of elements. Elaborate briefly the specifications harmonizing to the elements. All the specification had made from Bills of Quantities. For illustration of the specification in the elemental cost analysis, in stacking plants, the specification must hold all plants related to foundation stacking including sheet pile left in and besides necessitate to province the system used, whether it is advisers design or otherwise, figure, mean length and size of the heap. BENEFIT OF ELEMENTAL COST ANALYSIS ECA means the analyze of cost related to the elements, in building industry a edifice or any sort of building we can split into figure of elements, and monetary value of which is related with that component is called as an elemental cost, elemental costs include material costs, labour costs, and sub-contractor operating expense and net income. ECA is besides of import and give benefits due to the companies that can intends to set up a cost information service by puting out ends and roll uping information in a planned and systematic manner in roll uping and distributing information on a figure of elemental cost programs available at the minute. These cost programs will farther spread out and users will be able to choose the database utilizing a scope of standards, among others, type of edifice, floor country, day of the month, client type, figure of narratives, location and method of building. ECA does assist a measure surveyor when it comes to similar undertakings that are gone to be built following due to its characteristic that act as a mention about the monetary value or cost information that is utile to fix a budget program. Although it is approximately similar, the undertaking that is being compared to old undertaking s ECA must be in the relevant scope of clip Decision The Elemental Cost Analysis ( ECA ) is relevant to used. The cost analysis is prepared by analyzing the information of a undertaking which has been planned or constructed in which the measures of measures have been priced. Therefore, the cost analysis is prepared based on the informations received from the successful stamp and is non based on the existent amount of the undertaking. That is the monetary value quoted in the Final Account. There is a possibility for some to believe that it would be better to analyze the existent cost as compared to the cost predicted in the stamp.

Free Essays on William Shakespeare

William Shakespeare William Shakespeare was a great English playwright, dramatist and poet who lived during the late sixteenth and early seventeenth centuries. Shakespeare is considered to be the greatest playwright of all time. No other writer's plays have been produced so many times or read so widely in so many countries as his. Shakespeare was born to middle class parents. His father, John, was a Stratford businessman. He was a glove maker who owned a leather shop. John Shakespeare was a well-known and respected man in the town. He held several important local governmental positions. William Shakespeare's mother was Mary Arden. Though she was the daughter of a local farmer, she was related to a family of considerable wealth and social standing. Mary Arden and John Shakespeare were married in 1557. William Shakespeare was born in Stratford in 1564. He was one of eight children. The Shakespeare's were well-respected prominent people. When William Shakespeare was about seven years old, he probably began attending the Stratford Grammar School with other boys of his social class. Students went to school year round attending school for nine hours a day. The teachers were strict disciplinarians. Though Shakespeare spent long hours at school, his boyhood was probably fascinating. Stratford was a lively town and during holidays, it was known to put on pageants and many popular shows. It also held several large fairs during the year. Stratford was an exciting place to live. Stratford also had fields and woods surrounding it giving William the opportunity to hunt and trap small game. The River Avon, which ran through the town, allowed him to fish also. Shakespeare's' poems and plays show his love of nature and rural life which reflects his childhood. On November 28, 1582, Shakespeare married Anne Hathaway of the neighboring village of Shottery. She was twenty-six, and he was only eighteen at the time. They had three children. Sus... Free Essays on William Shakespeare Free Essays on William Shakespeare The DL on William Shakespeare William Shakespeare was a great English playwright, dramatist and poet who lived during the late sixteenth and early seventeenth centuries. Shakespeare is considered to be the greatest playwright of all time. No other writer's plays have been produced so many times or read so widely in so many countries as his. Shakespeare was born to middle class parents. His father, John, was a Stratford businessman. He was a glove maker who owned a leather shop. John Shakespeare was a well known and respected man in the town. He held several important local governmental positions. William Shakespeare's mother was Mary Arden. Though she was the daughter of a local farmer, she was related to a family of considerable wealth and social standing. Mary Arden and John Shakespeare were married in 1557 (Encarta). William Shakespeare was born in Stratford in 1564. He was one of eight children (World Book). The Shakespeare's were well respected prominent people. When William Shakespeare was about seven years old, he probably began attending the Stratford Grammar School with other boys of his social class. Students went to school year round attending school for nine hours a day. The teachers were strict disciplinarians (www.shakepeare-oxford.com/whalbib.htm) Though Shakespeare spent long hours at school, his boyhood was probably fascinating. Stratford was a lively town and during holidays, it was known to put on pageants and many popular shows. It also held several large fairs during the year. (www.shakepeare-oxford.com). Stratford was a exciting place to live. Stratford also had fields and woods surrounding it giving William the opportunity to hunt and trap small game. The River Avon which ran through the town allowed him to fish also. Shakespeare's' poems and plays show his love of nature and rural life which reflects his childhood (www.shakepeare-oxford.com). On November 28, 1582, Shakespear... Free Essays on William Shakespeare William Shakespeare’s works being just that is a notion most accept; however, there has been a lot of evidence and arguments by historians, who opt to challenge this notion, arguing that Shakespeare was the pen name of Edward de Vere, the Earl of Oxford had to conceal his authorship for social and political reasons. After careful examination of historian’s evidence this theory doesn’t measure up and it was indeed Shakespeare, who was the genuine author. The world has come to accept that William Shakespeare was born in Stratford-upon-Avon, England, during the year of 1564. The register of Holy trinity, the parish church in Stratford, records his baptism on April 26. According to the custom at the time, infants were baptized about three days after their birth. William’s father was a glover, trader, and landowner who married Mary Arden, the daughter of an affluent landowner of Wilmcote. Therefore, the generally accepted date for Shakespeare’s birth is April 23 (World Book 344). John Shakespeare, William’s father rose [by election] to the position of Alderman in 1565; and in 1568 he was elected Bailiff, the equivalent to mayor (Reedy however there is no evidence that William ever attended a university. The reason being is when William Shakespeare was thirteen his father suffered business losses. William was pulled from school and apprenticed to a trade, not an uncommon occurrence during the Elizabethan Ag e. William Shakespeare married Ann Hathaway in November 1582 at the age of eighteen. Anne was twenty-six. It would only be six months later that their daughter, Susanna was born. William ... Free Essays on William Shakespeare William Shakespeare William Shakespeare was a great English playwright, dramatist and poet who lived during the late sixteenth and early seventeenth centuries. Shakespeare is considered to be the greatest playwright of all time. No other writer's plays have been produced so many times or read so widely in so many countries as his. Shakespeare was born to middle class parents. His father, John, was a Stratford businessman. He was a glove maker who owned a leather shop. John Shakespeare was a well-known and respected man in the town. He held several important local governmental positions. William Shakespeare's mother was Mary Arden. Though she was the daughter of a local farmer, she was related to a family of considerable wealth and social standing. Mary Arden and John Shakespeare were married in 1557. William Shakespeare was born in Stratford in 1564. He was one of eight children. The Shakespeare's were well-respected prominent people. When William Shakespeare was about seven years old, he probably began attending the Stratford Grammar School with other boys of his social class. Students went to school year round attending school for nine hours a day. The teachers were strict disciplinarians. Though Shakespeare spent long hours at school, his boyhood was probably fascinating. Stratford was a lively town and during holidays, it was known to put on pageants and many popular shows. It also held several large fairs during the year. Stratford was an exciting place to live. Stratford also had fields and woods surrounding it giving William the opportunity to hunt and trap small game. The River Avon, which ran through the town, allowed him to fish also. Shakespeare's' poems and plays show his love of nature and rural life which reflects his childhood. On November 28, 1582, Shakespeare married Anne Hathaway of the neighboring village of Shottery. She was twenty-six, and he was only eighteen at the time. They had three children. Sus... Free Essays on William Shakespeare William Shakespeare was born on April 23, 1564. He was baptized on April 24, 1564, in Stratford-upon-Avon, Warwickshire. He was the third of eight children born to John Shakespeare and Mary Arden. John was a well-known merchant and Mary was the daughter of a Roman Catholic member of the gentry. Shakespeare was educated at the local grammar school. According to history, Shakespeare was the eldest son, and he should have been the apprentice to his father's shop so that he could be taught everything his father knew and soon take over the business. But instead he was the apprentice to a butcher because of the trouble in his father's financial situation. Another story says that Shakespeare became a schoolmaster. Shakespeare was allowed a lot of free time when he was young. This was suggested by historians that his plays show more ideas of hunting and hawking than do those of other play writers. In 1582 he married Anne Hathaway, the daughter of a farmer. He was thought to have left ! Stratford after he was caught poaching in the deer park of Sir Thomas Lucy. he was a local justice of the peace. Shakespeare and Anne Hathaway had a daughter in 1583 and twins- a boy and a girl- in 1585. The boy however, eventually did not live. Shakespeare apparently arrived in London around 1588 and by 1592 had gained success as an actor and a playwright. Shortly after that, he secured the business of Henry Wriothesley, 3rd earl of Southampton. The publication of Shakespeare's two poems Venus and Adonis (1593) and The Rape of Lucrece (1594) and some of his Sonnets (published 1609), established a reputation for him as a talented and popular Renaissance poet. The Sonnets describe the devotion of a character to a young man whose beauty and charm he praises and to a mysterious and untrue woman with whom the poet is afraid. The following triangular situation, resulting from the attraction of the poet's friend to the woman, is treated with passionate intensity and p...

1960s Fashion

There was emphasis on the youth and ‘The Look’ that began to displace the ‘New look’ of the post war period. Becoming more open minded, independent and culturally aware were all things that the youth began to adopt, along with disposable income. Benefits from the post war industrial boom encouraged this new attitude towards money and the way it could be spent. †¦commercial success stories, many related to retailing of one sort of another, with fashion and home furnishings being at the fore front of the consumer revolution. Because this was a time of virtually full employment and economic prosperity, consumers had more money to spend than ever before. † (Jackson, 1998, p35) The style and attitude towards fashion had changed, and it became a passion rather then a necessity. Music in the 60’s had a strong influential bond with fashion and style that had never been so closely linked. This unison created distinctive style of dress, developing from Beatnik, Teddy Boys and Mods. The attitude towards style had become very open and people began to gain confidence in their own development of sense of style. â€Å"†¦ music and attitudes that could be understood at a glance. And the freedom that fashion allowed in the sixties meant that everyone could dress up. † (Connikie, 1990, p7) The Beatles were the band that represented the forefront of men’s fashion. They developed styles for each new record release and in 1963 they had portrayed the distinctive collarless Cardin Suits and collar-length hair. This recognisable hair cut became instantly noticeable in the youth culture. â€Å"†¦became a universal sign of rebellious youth. † (Connikie, 1990, p36) The Beatles also adopted a similarity to the â€Å"mod’ style, however denied connections with the culture as they wanted to appeal to all, the music and the culture both interrupted Britain at the similar time. Before the Mods culture emerged in Britain, former sub cultures such as Teddy Boys built the bridges to allow people to challenge style and create a culture. Teddy boys also lead the way for a growing male interest in fashion, making it socially acceptable. â€Å"†¦male interest in fashion in Britain was mostly associated with the underground homosexual subculture’s flamboyant dressing styles† (Mod subculture, website, 2010) These cultures would have developed from the New Romantics as they became more out spoken and familiar. As the subcultures faded in the early 1960’s, the Mod style, short for ‘Moderns’ were prime examples of what the Swinging Sixties were classed as: youth, mobility, fashion and a strong interest in music. The majority of people who adopted this culture were young adults. The styles included; the Harrington jacket, Fishtail green parka, polo shirts, turtle necks, roll necks, slim fitting, high collared shirts, loafers, dessert boots, tailored 60’s jacket and straight leg trouser or jeans. They would drive scooters as it was an easy accessible mode of transport, it became a distinctive part of the culture, all based around style and the overall look. The attitudes around this culture was desirable to the youth but could be described as troublesome for others. Rifts between the Mods and Rockers caused public display of violence in Brighton 1964, the riot scene was recreated in the film ‘Quadrophenia’, produced by the classic cult band of the period, The Who, who were popular with the Mods. Mods were seen as usually city dwellers with well paid office jobs and looked presentable, whereas Rockers tended to be rural, and classed as out of touch, oafish and grubby. This style clash shows the importance of the cults and how important being united together was. It also shows how influential style could become. Styles changed slightly throughout the Mod culture and it adopted a new Italian/ French style, introduced a smooth, sophisticated look that enhanced the tailor made feel. Crew necks, pointed toe leather shoes were a few additions to the culture. Due to this style, a period of pushing boundaries and experimentation was nigh. The use of recreational drugs was something that the culture influenced. Nicknamed ‘purple hearts’ Mods would use the drug when out at night to get a buzz and stimulation. Mods used amphetamines to extend their leisure time into the early hours of the morning and as a way of bridging the wide gap between their hostile and daunting everyday work lives and the ‘inner world’ of dancing and dressing up in their off-hours. † (Mod subculture, website, 2011) Some male Mods experimented with challenging the social gender norms by wearing makeup to enhance their appearance and women began to substitute an androgynous style of wearing clothes. Hair was being cut short, the wear of men’s garments and little make up worn. This obsession Mods had with clothes and styles allowed acceptance to the idea of experimentation and added a sense of rebellion to social norms. Attitudes towards women in the Mod culture were also influential, young mod men accepted the idea that women did not have to be attached to a man and that they can become independent and have a source of income etc. This presentable image was said to make non-subculture aspects of life easier and more equal to that of the male Mods. Miniskirts defined the period of change in the attitude towards the length of women’s clothing and how much reveal is accepted. This initial style pushed the boundaries and as a result has changed the attitude ever since. â€Å"Female Mods pushed the boundaries if parental tolerance with their miniskirts, which got progressively shorter between the early and mid 1960’s† (Mods subculture, website, 2011) Models such as Twiggy and Jean Shrimpton were pinnacle to the fashion industry during the 1960’s. They promoted and exposed the new changing styles across the world, and in tern became a face of the period. Their style defined the period and Twiggy’s famous face is one that we automatically link to that of the 60’s. â€Å"With her waif like figure, boyish hair cut and striking eye lashes she created an image that would epitomise an era. Twiggy became the idol for millions of teenage girls of the sixties revolution. † (Twiggy Lawson, website, 2008) She was one of the first supermodels and was/is an icon of the period. Mary Quant, a quintessential designer in the 60’s, made keeping up with trends inexpensive and accessible to all young girls in the period. She popularised the mini skirt and became essential for developing the Mod-girl image. She also became a defining person of the 1960’s and changed shopping experiences and attitudes to style by opening up a divergent store offering new cutting edge and orginal designs. These hand tailored designs had became desirable as each one was unique and became very popular with the youth culture. Design alone could not have brought about the revolution in taste and lifestyle that happened during the 1960’s’ the key figure of the decade were the popularisers, those who actively and directly promoted ‘the look’ and made it available to a mass audience. † (Jackson, 1998, p36) The British youth fashion was a lucrative market and Quant along with partner Alexander Plunket Greene opened a retail store in the Kings r oad called Bazaar. She designed and edited garments that became very desirable to the youth culture as it was accessible and new, in creating this idea Quant became a brand in herself. Mods were very conscious about clothing and buying the classic items. Gaining inspiration from the cults, Quant enhanced the promotion of them. In 1965 she wrote â€Å"It is the Mods†¦ who gave the dress trade the impetus to break through the fast-moving, breathtaking, uprooting revolution in which we have been a part since the opening of Bazaar. † (Jackson, 1998, p43) This shows that style generated by cults, were particularly a large influence to help define the period and possible retail future. ’The Look’ which she created was part of a wider movement encompassing photography, graphics and pop music along with domestic design, she was keenly aware of the significance of fashion in particular in pioneering change, and in leading and defining a shift in social attitudes. â€Å" (Jackson, 1998, p43) the attitudes had become more relaxed and people wanted this to be shown through what they wear. Their attitude towards the clothes themselves and the idea of spending money had also changed. Because this was a time of virtually full employment and economic prosperity, consumers had more money to spend then ever before. † (Jackson, 1998, p35) Along with this designer, the male revolution and attitude towards style had also changed and shopping as an experience was one that in particular men enjoyed to. John Stephen owned 10 stores down Carnaby Street by 1966. Each store had a different feel and different name. These stores became a busy, exciting place to go and shopping became a leisurely past time, where as before it was a necessity-based experience. This encouraged the Mods, and people became to buy into the lifestyle they lead. These stores were the first to play music, allowing dancing, trying on, alterations and became a desired social experience. ‘Swinging London in 1966, what people were most interested in was shopping†¦ Shopping became a primary leisure activity for young people, along with watching television and listening to pop music. Shopping was also an avenue for the expression of popular culture, both in terms of what was now being sold, and through the way shops were designed. ’ (Jackson, 1998, p36) â€Å"That the fashion for shopping was perceived as being central to the revitalization of design in Britain†¦Ã¢â‚¬â„¢Carnaby street’ was widely used as a generic term for a particular type of design: brash, brightly coloured, with highly decorated surfaces, including the ubiquitous union jack. † (Jackson, 1998, p37) Carnaby street developed into a ‘virtual fashion parade†™ (1960’s in Fashion, website, 2011) and said to sell not only clothes but also an attitude and was a key characteristic of innovation, iconoclasm and fun. They echoed the prevailing spirit of sexual and political revolution†¦. Carnaby Street became synonymous with the idea of Swinging London. Using the skills of established Soho ‘rag trade’, it sold relatively inexpensive, trend-driven merchandise that mirrored contemporary changes in society and culture. † (VA, Fashion in 1960’s, website, N. D) And was said to have ‘pulled the rug from under contemporary or modern† (Hillier, 1998, p188) This generated look and concept about shopping was seen as an enjoyable past time was a desirable experience from other countries outside Britain. The consumer revolution had given Britain a new look, Post war â€Å"Britain shed it fusty, olde-worlde image, and ‘swinging London’, with it Beatlemania and Rolling Stones, its Carnaby Street and mini-skirts and Chelsea boutiques, became a world influence in lifestyle and fashion. † (Hillier, 1998, p162) This defines the power Britain had to influence style in other countries, it was gaining a name in fashion and beginning to become a culture associated with Britain. The term ‘Youthquake’ was used to describe the shift in attitudes towards style and shopping. It had defined the prosperity of future Britain and therefore defined this period as a statement that is very eminent. There was a consumer revolution as shopping experiences changed. â€Å"The restrictive conventions and judgemental attitude of earlier decades were challenged†¦ shopping had a major impact on peoples lifestyles: by making available goods that people had never seen before. † (Jackson, 1998, p36) Lifestyle shops such as Habitat were introuced, they were pinnacle to defining the period and the consumer revolution. They had created a place where people would desire the lifestyle and living accommodations that they created visually instore. Mary Quant had influenced Terrence Conran, the founder of Habitat, as he admired young fashion designers that had challenged the norms and had drawn attention to the new market. Habitat was said to be â€Å"probably the single most important domestic design phenomenon in Britain during the 1960s. † (Jackson, 1998, p49). Habitat was recognised across seas that had inspired particularly Americans and Scandinavians to change the way of retail and style. †¦in 1966 that the international media suddenly discovered the London ‘scene’ and decided that Britain has got ‘the look’ which the rest of the world wanted. † (Jackson, 1998, p40) Pivital to this revolution was originally the Cult styles founded by the youth culture. Cult styles changed rapidly in the 1960’s, but had almost defined the period due to the influenc e they had caused. Due to constant shifts in style the Mods in particular had drifted away due to the changing styles, such as the Hippys. The ‘harder’ moderns were rougher and became the first ‘skinheads’, another style interpreting the period. The consumer boom was very important in defining the period and this was lead on from the styles, the ever-changing youth Cults had created throughout the 1960’s. These styles had influenced many revolutions such as breaking social norms, effecting shopping styles among other things. Style has definitely defined the period as Britain was out of the war and ready for a new social boom, style has become instantly recognizable to the period. The cults are still guiding design now, and we recognise the period due to the style and design movements there were. Retail and designers both use influences from periods in time and the Cult styles are reborn. Designers such as Fred Perry have adopted influences from the Mod culture with their polo shirts and jackets; this look is very widespread and has almost re created the culture in the sense that the style becomes very popular. This is available to see throughout fashion and retail and the period is still defined by the style created by the youth culture. Vintage fashion has become very apparent and people are beginning to mock different eras to show individuality. This shows the style defining periods are very much important today. 1960s Fashion There was emphasis on the youth and ‘The Look’ that began to displace the ‘New look’ of the post war period. Becoming more open minded, independent and culturally aware were all things that the youth began to adopt, along with disposable income. Benefits from the post war industrial boom encouraged this new attitude towards money and the way it could be spent. †¦commercial success stories, many related to retailing of one sort of another, with fashion and home furnishings being at the fore front of the consumer revolution. Because this was a time of virtually full employment and economic prosperity, consumers had more money to spend than ever before. † (Jackson, 1998, p35) The style and attitude towards fashion had changed, and it became a passion rather then a necessity. Music in the 60’s had a strong influential bond with fashion and style that had never been so closely linked. This unison created distinctive style of dress, developing from Beatnik, Teddy Boys and Mods. The attitude towards style had become very open and people began to gain confidence in their own development of sense of style. â€Å"†¦ music and attitudes that could be understood at a glance. And the freedom that fashion allowed in the sixties meant that everyone could dress up. † (Connikie, 1990, p7) The Beatles were the band that represented the forefront of men’s fashion. They developed styles for each new record release and in 1963 they had portrayed the distinctive collarless Cardin Suits and collar-length hair. This recognisable hair cut became instantly noticeable in the youth culture. â€Å"†¦became a universal sign of rebellious youth. † (Connikie, 1990, p36) The Beatles also adopted a similarity to the â€Å"mod’ style, however denied connections with the culture as they wanted to appeal to all, the music and the culture both interrupted Britain at the similar time. Before the Mods culture emerged in Britain, former sub cultures such as Teddy Boys built the bridges to allow people to challenge style and create a culture. Teddy boys also lead the way for a growing male interest in fashion, making it socially acceptable. â€Å"†¦male interest in fashion in Britain was mostly associated with the underground homosexual subculture’s flamboyant dressing styles† (Mod subculture, website, 2010) These cultures would have developed from the New Romantics as they became more out spoken and familiar. As the subcultures faded in the early 1960’s, the Mod style, short for ‘Moderns’ were prime examples of what the Swinging Sixties were classed as: youth, mobility, fashion and a strong interest in music. The majority of people who adopted this culture were young adults. The styles included; the Harrington jacket, Fishtail green parka, polo shirts, turtle necks, roll necks, slim fitting, high collared shirts, loafers, dessert boots, tailored 60’s jacket and straight leg trouser or jeans. They would drive scooters as it was an easy accessible mode of transport, it became a distinctive part of the culture, all based around style and the overall look. The attitudes around this culture was desirable to the youth but could be described as troublesome for others. Rifts between the Mods and Rockers caused public display of violence in Brighton 1964, the riot scene was recreated in the film ‘Quadrophenia’, produced by the classic cult band of the period, The Who, who were popular with the Mods. Mods were seen as usually city dwellers with well paid office jobs and looked presentable, whereas Rockers tended to be rural, and classed as out of touch, oafish and grubby. This style clash shows the importance of the cults and how important being united together was. It also shows how influential style could become. Styles changed slightly throughout the Mod culture and it adopted a new Italian/ French style, introduced a smooth, sophisticated look that enhanced the tailor made feel. Crew necks, pointed toe leather shoes were a few additions to the culture. Due to this style, a period of pushing boundaries and experimentation was nigh. The use of recreational drugs was something that the culture influenced. Nicknamed ‘purple hearts’ Mods would use the drug when out at night to get a buzz and stimulation. Mods used amphetamines to extend their leisure time into the early hours of the morning and as a way of bridging the wide gap between their hostile and daunting everyday work lives and the ‘inner world’ of dancing and dressing up in their off-hours. † (Mod subculture, website, 2011) Some male Mods experimented with challenging the social gender norms by wearing makeup to enhance their appearance and women began to substitute an androgynous style of wearing clothes. Hair was being cut short, the wear of men’s garments and little make up worn. This obsession Mods had with clothes and styles allowed acceptance to the idea of experimentation and added a sense of rebellion to social norms. Attitudes towards women in the Mod culture were also influential, young mod men accepted the idea that women did not have to be attached to a man and that they can become independent and have a source of income etc. This presentable image was said to make non-subculture aspects of life easier and more equal to that of the male Mods. Miniskirts defined the period of change in the attitude towards the length of women’s clothing and how much reveal is accepted. This initial style pushed the boundaries and as a result has changed the attitude ever since. â€Å"Female Mods pushed the boundaries if parental tolerance with their miniskirts, which got progressively shorter between the early and mid 1960’s† (Mods subculture, website, 2011) Models such as Twiggy and Jean Shrimpton were pinnacle to the fashion industry during the 1960’s. They promoted and exposed the new changing styles across the world, and in tern became a face of the period. Their style defined the period and Twiggy’s famous face is one that we automatically link to that of the 60’s. â€Å"With her waif like figure, boyish hair cut and striking eye lashes she created an image that would epitomise an era. Twiggy became the idol for millions of teenage girls of the sixties revolution. † (Twiggy Lawson, website, 2008) She was one of the first supermodels and was/is an icon of the period. Mary Quant, a quintessential designer in the 60’s, made keeping up with trends inexpensive and accessible to all young girls in the period. She popularised the mini skirt and became essential for developing the Mod-girl image. She also became a defining person of the 1960’s and changed shopping experiences and attitudes to style by opening up a divergent store offering new cutting edge and orginal designs. These hand tailored designs had became desirable as each one was unique and became very popular with the youth culture. Design alone could not have brought about the revolution in taste and lifestyle that happened during the 1960’s’ the key figure of the decade were the popularisers, those who actively and directly promoted ‘the look’ and made it available to a mass audience. † (Jackson, 1998, p36) The British youth fashion was a lucrative market and Quant along with partner Alexander Plunket Greene opened a retail store in the Kings r oad called Bazaar. She designed and edited garments that became very desirable to the youth culture as it was accessible and new, in creating this idea Quant became a brand in herself. Mods were very conscious about clothing and buying the classic items. Gaining inspiration from the cults, Quant enhanced the promotion of them. In 1965 she wrote â€Å"It is the Mods†¦ who gave the dress trade the impetus to break through the fast-moving, breathtaking, uprooting revolution in which we have been a part since the opening of Bazaar. † (Jackson, 1998, p43) This shows that style generated by cults, were particularly a large influence to help define the period and possible retail future. ’The Look’ which she created was part of a wider movement encompassing photography, graphics and pop music along with domestic design, she was keenly aware of the significance of fashion in particular in pioneering change, and in leading and defining a shift in social attitudes. â€Å" (Jackson, 1998, p43) the attitudes had become more relaxed and people wanted this to be shown through what they wear. Their attitude towards the clothes themselves and the idea of spending money had also changed. Because this was a time of virtually full employment and economic prosperity, consumers had more money to spend then ever before. † (Jackson, 1998, p35) Along with this designer, the male revolution and attitude towards style had also changed and shopping as an experience was one that in particular men enjoyed to. John Stephen owned 10 stores down Carnaby Street by 1966. Each store had a different feel and different name. These stores became a busy, exciting place to go and shopping became a leisurely past time, where as before it was a necessity-based experience. This encouraged the Mods, and people became to buy into the lifestyle they lead. These stores were the first to play music, allowing dancing, trying on, alterations and became a desired social experience. ‘Swinging London in 1966, what people were most interested in was shopping†¦ Shopping became a primary leisure activity for young people, along with watching television and listening to pop music. Shopping was also an avenue for the expression of popular culture, both in terms of what was now being sold, and through the way shops were designed. ’ (Jackson, 1998, p36) â€Å"That the fashion for shopping was perceived as being central to the revitalization of design in Britain†¦Ã¢â‚¬â„¢Carnaby street’ was widely used as a generic term for a particular type of design: brash, brightly coloured, with highly decorated surfaces, including the ubiquitous union jack. † (Jackson, 1998, p37) Carnaby street developed into a ‘virtual fashion parade†™ (1960’s in Fashion, website, 2011) and said to sell not only clothes but also an attitude and was a key characteristic of innovation, iconoclasm and fun. They echoed the prevailing spirit of sexual and political revolution†¦. Carnaby Street became synonymous with the idea of Swinging London. Using the skills of established Soho ‘rag trade’, it sold relatively inexpensive, trend-driven merchandise that mirrored contemporary changes in society and culture. † (VA, Fashion in 1960’s, website, N. D) And was said to have ‘pulled the rug from under contemporary or modern† (Hillier, 1998, p188) This generated look and concept about shopping was seen as an enjoyable past time was a desirable experience from other countries outside Britain. The consumer revolution had given Britain a new look, Post war â€Å"Britain shed it fusty, olde-worlde image, and ‘swinging London’, with it Beatlemania and Rolling Stones, its Carnaby Street and mini-skirts and Chelsea boutiques, became a world influence in lifestyle and fashion. † (Hillier, 1998, p162) This defines the power Britain had to influence style in other countries, it was gaining a name in fashion and beginning to become a culture associated with Britain. The term ‘Youthquake’ was used to describe the shift in attitudes towards style and shopping. It had defined the prosperity of future Britain and therefore defined this period as a statement that is very eminent. There was a consumer revolution as shopping experiences changed. â€Å"The restrictive conventions and judgemental attitude of earlier decades were challenged†¦ shopping had a major impact on peoples lifestyles: by making available goods that people had never seen before. † (Jackson, 1998, p36) Lifestyle shops such as Habitat were introuced, they were pinnacle to defining the period and the consumer revolution. They had created a place where people would desire the lifestyle and living accommodations that they created visually instore. Mary Quant had influenced Terrence Conran, the founder of Habitat, as he admired young fashion designers that had challenged the norms and had drawn attention to the new market. Habitat was said to be â€Å"probably the single most important domestic design phenomenon in Britain during the 1960s. † (Jackson, 1998, p49). Habitat was recognised across seas that had inspired particularly Americans and Scandinavians to change the way of retail and style. †¦in 1966 that the international media suddenly discovered the London ‘scene’ and decided that Britain has got ‘the look’ which the rest of the world wanted. † (Jackson, 1998, p40) Pivital to this revolution was originally the Cult styles founded by the youth culture. Cult styles changed rapidly in the 1960’s, but had almost defined the period due to the influenc e they had caused. Due to constant shifts in style the Mods in particular had drifted away due to the changing styles, such as the Hippys. The ‘harder’ moderns were rougher and became the first ‘skinheads’, another style interpreting the period. The consumer boom was very important in defining the period and this was lead on from the styles, the ever-changing youth Cults had created throughout the 1960’s. These styles had influenced many revolutions such as breaking social norms, effecting shopping styles among other things. Style has definitely defined the period as Britain was out of the war and ready for a new social boom, style has become instantly recognizable to the period. The cults are still guiding design now, and we recognise the period due to the style and design movements there were. Retail and designers both use influences from periods in time and the Cult styles are reborn. Designers such as Fred Perry have adopted influences from the Mod culture with their polo shirts and jackets; this look is very widespread and has almost re created the culture in the sense that the style becomes very popular. This is available to see throughout fashion and retail and the period is still defined by the style created by the youth culture. Vintage fashion has become very apparent and people are beginning to mock different eras to show individuality. This shows the style defining periods are very much important today.

Graffiti as an art form Essay Example | Topics and Well Written Essays - 1000 words

Graffiti as an art form - Essay Example Graffiti is a medium of expression although it does not derive from any art form or movement; it still contains a prominent language in itself that is used to communicate on a global platform. During the period of time graffiti transformed itself to street art, which contains various murals and abstract designs that contribute to modern art. This form of art although is extremely popular but has always been a victim of constant pressure by many external and internal forces. Street art being a form of art shows affinity for public spaces to express and provide opportunities to socialize in a place where only opportunities are given to those things that help in generating revenue resulting in suppression of talent. The reason why graffiti is not accepted is due to various reasons; one of the most prominent reasons is graffiti's association with criminology. Today a form of graffiti is used by various criminals and gangsters in which they condense the letters and form their own nickname s which are then painted on various locations like walls, shutters, parks, trucks, bars etc. which not only damage the beauty of the city as well as spread terrorism. This is done in order to gain popularity and recognition amongst the masses and is commonly known as "tagger graffiti" or "tag graffiti". This causes people to develop a wrong approach of street art and graffiti. Usually tag graffiti is mostly seen by the people and eventually they associate all forms of graffiti with it resulting in development of wrong approach. On the contrary street art is not just about tag graffiti but has its own dimensions and aesthetics. It is a way positive way to express art on a vast canvas and is basically a result of various institutional areas and disciplines intersecting to result in spreading awareness through a medium that is visually appealing. This form of art usually highlights those areas or questions the usage of space to beautify. It speaks the language of the people, their conc erns, and their preference through the medium of revolutionizing contemporary art . It needs to be realized here that "street art is constructive, graffiti tagging is destructive." (Graffiti action) Street art a positive

Success at university is underpinned by a range of well-developed Essay - 1

Success at university is underpinned by a range of well-developed academic learning skills - Essay Example Research indicated that students with higher academic motivation which mainly comes from self motivation acquired through persona academic skill, self-discipline and also self confidence. Learning skills is accumulation of resources for learning and teaching of academic skills, development of academic skills is also an essential part of successful study at university and also the future of employment some of these skills include working with others, critical thinking, academic thinking, numeracy skills and also research skills1. Researching skill require one to create a new knowledge and also understanding through the process of inquiry. This skill has many processes that a researcher must pass through to give out a quality work for the research conducted. Every good researcher must be able to be a critical thinker in that he examines the truth and also its validity of arguments and also evaluating the significance of the ideas in question. Here the researcher weighs different sides of the argument by applying logic and reasoning and hence drawing and also carrying out an evaluation conclusion from logical argument and data analysis. Connectively, the problem solving skill where the researcher is able to identify, define and then analyze problems which enable his to create solutions, evaluate them, and thereafter choose the best solution for a particular context. The researcher is required to have an imaginative and also innovative thinking mind with news ways to approach a problem and also have analytical skill to examine the consequences of a particular solution. Here the student to achieve academic success should carry scientific experimentations. After the student has identified and also solved the problem, the skill that is required to be put in the work is a study skill where the student shall be expected to collect relevant information then apply methods of synthesis, critical thinking and also data reduction. This helps

Financial Markets in Pakistan Essay Example for Free

Financial Markets in Pakistan Essay A financial market is a place for buying and selling of financial securities such as stocks and bonds. It facilitates: * The raising of capital (in the capital markets) * The transfer of risk (in the derivatives markets * In matching those who want capital to those who have it. Financial Market in Pakistan consists of (i) Money Market which provides short term funds and (ii) Capital Market which makes long terms funds available to businesses and industries. The Financial market can be reclassified into (i) Primary Market in which new shares or bonds are issued and (ii) Secondary Market in which securities previously issued are traded such as Shares, Bonds, Commercial Papers, Options and Mutual Fund. Of this, the banking sectors and non-banking sectors are regulated by the central bank, State Bank of Pakistan. While rest of the market (lease, stock exchanges, modarba, mutual funds and insurance) is regulaled by Secruities and Exchange Commission of Pakistan. FINANCIAL MARKETS AND THEIR ROLES: COMMERCIAL BANKS A type of bank providing checking and saving accounts, credit cards and business loans. Such a bank induces general public to deposit their savings in the banks and offers a wide range of services such as: * Deposit Mobilization * Money transfer * Financing Working Capital * Financing other trade related mode (import and export) * Investing in government securities * Call money operations These banks are of three categories (i) Public Sector Banks, (ii) Private Bank and (iii) Foreign Banks. LEASE -FINANCE EQUIPMENT INVESTMENT BANKS Investment banks perform a variety of functions. Primarily, they assist corporations to raise equity-capital by underwriting the public issues. They also assist companies desiring of mergers and acquisition and derivatives. In addition, they provide services like trading of derivative, foreign exchange, fixed income instruments and shares listed on the stock exchanges. Such banks cannot take deposits. They manage their affairs by charging fees such as (i) retainer fee, (ii) advisory fees based on the transactions, (iii) commission on underwriting and (iv) other financial services. PICIC was once a premier development in Pakitan but has merged with a commerical bank. BOND MARKET OUTLOOK DEVELOPMENT BANKS These banks provide guidance in selection of industrial units and extend direct financial assistance to partly cover their financial requirements. Also, they engage themselves in promotional activities to attract investors towards neglected sectors through publishing brochures and research papers. Besides, they help in assessing feasibility of potential projects. Such banks are responsible for speeding up the pace of economic growth in the country in conformity with the national objectives, plans and priorities. Their core functions are: * Direct financial assistance * Catalytic function * Mobilization of domestic savings * Ensuring balance regional and industrial growth * Expanding entrepreneurial base by encourage new comers At one time, there were 14 Development Banks in Pakistan. However, most of them have been closed one after another as their bad debts mounted up. It is natural as they take substantial risks in promoting new types of industrial projects in underdeveloped areas sponsored preferably by new-comers. Nevertheless, their contribution brings fruits to the economy in the shape of successful industrial units and transfer of technology. At present, 8 development banks are operating which mostly are joint-venture with other Islamic Countries. MICROFINANCE BANK A microfinance bank would cater to the credit needs of poor households and their small enterprises. Thus microfinance bank provide credit to those poor who are not considered creditworthy by the commercial banks and other financial institutions. On the other hand, the microfinance bands recognize every single human being as a potential and creditworthy entrepreneur. In addition, they provide basic training in start of a small business, simple book-keeping and accounting. The main aim of microfinance institutions is alleviation of poverty through helping poor persons to earn some money especially the women. ISLAMIC BANKS In Islam, it is prohibited to charge interest on any loan. However, it is acceptable to pass on funds to a needy person or corporation for trade purpose in which case profit could be shared on an agreed basis whereas loss should be shared according to the funds invested. Besides, there are certain businesses where any form of deal is forbidden like alcohols and pork. Accordingly, Islamic bank refer to a banking activity which is consistent with the Sharia, the Islamic Laws. Otherwise, there is no difference between the traditional banks and the Islamic bank. DISCOUNT HOUSES These are firms which buys and discounts bills of exchange, banker acceptance, commercial paper, etc. Discount houses also tender for treasury bills, deal in short-dated government bonds, and are an important part of the short-term money markets. INSURANCE COMPANIES Insurance is a hedge against the risk of a contingent and uncertain loss. In other words, it is the equitable transfer of the risk of a loss, from one entity to another, in exchange for payment. For this service, the insurer charges a fee called premium depending upon the risk involved. Besides traditional insurance companies, there are many Islamic insurance companies in Pakistan known as Takaful operators. Takaful is an Islamic insurance concept based on mutual co-operation, responsibility, assurance, protection and assistance between groups of participants. These companies believe in promoting the cause of Takaful as well as promoting the insurance business in a Shariah Compliant i.e. halal and absolutely Riba-Free insurance. STOCK EXCHANGES Stock exchange is a place where securities are bought and sold. Such securities include shares, derivative, unit trusts and bonds. It also provides facilities for the issue and redemption of securities. Prices of shares and bonds are influenced by their demand and supply like in other commodities. In order to list a security on the stock exchange, there are certain requirements. Transactions in the stock exchange are conducted by members only. Stock exchange serves both as a primary market for the initial public offerings and as a secondary market for their subsequent buying and selling Investors are not bound to sell stock or bond through the stock exchange. They can directly deal with the seller. Similarly, there is no compulsion that stock must be traded on the exchange. The securities can change ownership out of the exchange which is called ‘over the counter† or â€Å"curb dealings.† LEASING It is a contract where owner of an asset agrees to allow someone to use it for a fixed rental. It can be for fixed or indefinite period of time. It is a binding contract which sets out terms of lease agreement between the owner and the user. Leases are of various types mainly (i) a financial lease and (ii) an operating lease. The financial lease is long-term and non-cancellable contract where the user assumes some of the risks of ownership and has the right to keep the assets or get it transferred to its own name after fulfilling the necessary conditions. In operating lease, the owner transfer only the right to use the assets which is returned back at the end of the lease. There are some other types especially in the aircraft industry like wet lease and dry-lease and. In wet lease, a company agrees to provide an aircraft along with pilot and crew and would be responsible for the maintenance of the aircraft. Dry lease, on the other hand, refers to leasing only the aircraft. MODARBA If is a form of partnership which has two distinct parties: (i) the financier and (ii) the manager. The financer takes no part of management of the business. The profits are distributed among the subscriber while the manager is paid the usual salary. Modarba is one the modes of Islamic finance. It is like mutual fund minus its un-Islamic features. Not only in Pakistan, the Islamic financial services industry has witnessed a phenomenal growth all over the Islamic world. In particuar, the Modaraba Sector has been able to create a market niche for itself in the corporate sector. This model is enjoying a unique recognition due to its well designed structure with proper rules and regulations defined by the regulators. It has proved its resilience in this time of global financial turmoil. MUTUAL FUND It is a professionally managed type of pooled investment for acquiring securities like stocks, bonds, marketable securities and commodities. The profit is distributed by way of dividend to all investors. Financial market in Pakistan experienced boom conditions in1991 due to liberalization policies of the government. There was a manifold increase in the number of listed companies; number of commercial banks, local and foreign and financial instruments like commercial paper. But it has still to develop and a number of suggestions have been made: * The public sector should reduce its dependence on State Bank of Pakistan. * The infrastructure projects should be financed through domestic bonds of longer maturities (10-20 years). * The financial sectors (capital markets, micro credit, banking and non-banking sector) should have a better and more clearly delineated division of responsibilities. * Foreign institutional investors should be encouraged to take up (i) private equity funds, (ii) private pension funds, (iii) provident and gratuity funds and (iv) Real Estate Investment Trusts. * Mortgage financing should be encouraged.

Lasers And Their Uses :: essays research papers

Lasers and Their Uses We have all at some point in our lives used or seen someone use a laser. They are used in compact disc players for stereos or computers, laser surgery, laser printers, holography, cutting and borring metals, communication, bar-code scanners, etc. Over the past three decades' lasers have become a tool used daily by many people and they have become very useful in scientific research. As you can see lasers are a very useful and important tool which is why I have chosen this topic to write about. The term laser is an acronym. It stands for "light amplification by stimulated emission of radiation". They produce a narrow, intense beam of coherent light. In a laser the atoms or molecules of a crystal, like ruby or garnet-or of a gas, liquid, or other substance-are excited so that more of them are at higher energy levels than are at lower energy levels. If a photon whose frequency corresponds to the energy difference between the excited and ground states strikes an excited atom, the atom is stimulated, as it falls back to a lower energy state, to emit a second photon of the same frequency, in phase with and in the same direction as the bombarding photon. This process is called stimulated emission. The bombarding photon of the emitted photon may then strike other excited atoms, stimulating further emission of photons, all of the same frequency and phase. This process produces a sudden burst of coherent radiation as all the atoms discharge in a rapid chain reaction. The light beam produces is usually pencil thin and maintains its size and direction over very long distances. Lasers vary greatly in the way they look and what they are used for. Some lasers are as large as buildings while others can be the size of a grain of salt. There are many parts to lasers. I will now explain what they are and their uses. 1) Pumping systems: The pumping system is used to transmit energy to the atoms or molecules of the medium used in the laser. a. optical pumping systems uses photons provided by a source such as a Xenon gas flash lamp or another laser to transfer energy to the lasing material. The optical source must provide photons which correspond to the allowed transition levels of the lasing material. b. collision pumping relies on the transfer of energy to the lasing material by collision with the atoms or molecules of the lasing material. Again, energies which correspond to the allowed transition must be provided. This often done by electrical discharge in a pure gas - or gas mixture - in a tube.

To what extent was the USA’s response Essay

In the years 1991 to 2004 the USA’s response international aggression was often based on protecting its own national interests. Post 9/11 especially saw the USA base nearly all of its responses on protecting its own national interests. However, on some occasions prior to 9/11 they did show some desire to protect global interests rather than just their own. Due to the events of the 11th September 2001 the USA began its war on terror, and specifically targeted was George Bush’s ‘axis of evil’ which included; Iran, Iraq and North Korea. The USA used their war on terror so to legitimise their actions worldwide thus destroying any hopes for a post cold war collective international security, therefore basing their response to international aggression on protecting their own national interests. This is seen with the invasion of Afghanistan in October 2001. Together with Britain they acted unilaterally in order to remove the al-Qaeda and capture bin Laden, who was the prime suspect for the 9/11 attacks. The USA believed its actions were justified by labelling them as self defence under Article 51 of the UN charter. This clearly shows that the USA based its responses to international aggression on protecting their own national interests. In addition, the USA further showed that their response to international aggression was based on their own national interests with their invasion of Iraq in March 2003. The USA believed Saddam Hussein to have been harbouring weapons of mass destruction which could be made available to the al-Qaeda to which they invaded with Britain, legitimising their actions by again stating it was due to self defence as they perceived themselves to be under threat. This was against the wishes of member counties in the United Nations (UN), as many believed there was little evidence to support their claim of Iraq having weapons of mass destruction. However, the USA only ignored these beliefs and continued to respond to international aggression based on protecting the ir own interests. Furthermore, the USA often decided to not work with the UN. This was because the USA’s own national interests were not being fully served through doing so. This resulted in the UN becoming weaker. This is clearly seen in Somalia in 1992-1995. The USA withdrew all its support by 1994 and with it their commitment towards any multilateral  military action. This withdrawal caused the UN mission in Somalia to fail and the country to be left without any central government, facing considerable humanitarian crises. This further shows how the USA based its response to international aggression on protecting its own national interests. However, as stated, the USA did show some desire to base its response to international aggression prior to 9/11. For example; the 1991 Gulf war with Kuwait and Iraq which they worked collectively with the UN. Iraq had seized considerable amount of the world’s oil supply by invading Kuwait. The USA went through the UN Security Council and committed large numbers of troops and also formed a coalition task force comprised of Syria and Egypt. The USA and its coalition task force took back Kuwait on January 1991. Furthermore, the USA opted not to overthrow Hussein’s government. This showed that the USA had some desire to base its response to international aggression not just on protecting their own national interests. Post 9/11 the USA were a part of some very small missions with the UN. This showed a small desire to base its response to international aggression on other goals other than protecting its own national interests such as world peace. An example of this is Cambodia in 1993. The US helped the UN produce a durable settlement to the Cambodian conflict and implement free elections. Overall, the USA responded to international aggression based on protecting its own national interests however, their response cannot be said to be ‘solely’ based on protecting their national interests. Indeed, this was the case with nearly all of their responses post 9/11 however; prior to 9/11 they did base some actions on furthering global interests rather than just their own. This is because 9/11 was a pivotal moment in USA relations with the rest of the world because of their war on terror and due to the fact they legitimised their actions worldwide through the war. In effect, they became a complete imperialist state that only really aimed at protecting its only national interests.

Organic Foods Essay

When we see the word ? organic’ on a carton of an organic whole milk or on a plastic bottle of Stonyfield Farm’s organic low fat yogurt, the words and phrases such as ? pure’, ? chemical-free’, ? natural’ and ? healthy’ naturally comes to mind, and there is little doubt in these assumptions. Organic foods are dairy, produce and poultry products that were treated with no pesticides, growth hormones, or antibiotics. Organic foods have been generating a lot of hype because of the food safety that it offers an individual. Another reason is the documented claims proving organic foods having a generally fresher taste than their conventional counterparts. And lastly, organic foods offer much more healthy benefits, meaning it has a higher nutritional amount than a non? organic food. The question that potential organic consumers seem to ask pertaining to this issue is that is it worth paying for. Even with its higher cost, organic foods are a worthwhile choice for a better health and nutrition. Various tests by the United Nations Food and Agriculture Organization demonstrated that some apples, such as the Golden Delicious, scored higher taste scores when grown organically. Also, because organic farms tend to be smaller, they often sell their products closer to the point of harvest. Thus, organic fruits and vegetables taste more farm fresh than comparable conventional produce. However, organic foods might also have more flavor because organic farmers often breed with taste instead of marketability as the primary factor. Conventional tomatoes, for example, are often bred to be perfectly red and round, to match the ideal appearance of a tomato, meaning that taste is an attribute that has a lower priority in these products. In addition to crop diversity and selection practices, organic farming emphasizes soil nutrition, which can positively influence the taste of the food. The main criticism surrounding organic food is that its costs are expensive and is elitist, because of how only rich people can afford it. The magazine Consumer Reports stated in its article â€Å"When It Pays to Buy Organic† that typical organic foods costs from 50% to 100% the price of conventional items, but according to a Primary Health Care article, published studies concluded that an organic produce is packing with a significant increase in nutrients and dry matter. Organic produce has 27% more Vitamin C, 29. 3% more magnesium, and 21% more iron compared to the non-organic; also contain 26% more dry matter, which means that it does not shrink as quickly when cooked as there is less water that will evaporate. Organic food may seem to be expensive at first glance, but when you look at all the factors that come with the product, it is a better buy in the end. Knowing what organic products to buy, and what not to buy will also help out cut the unnecessary purchases of everything organic. The United States of Department of Agriculture listed apples, bell peppers, celery, cherries, grapes, nectarines, peaches, pears, potatoes, red raspberries, spinach and strawberries as the â€Å"dirty dozen† that should be consumed as often as organic. The USDA’s own testing reports that their conventional counterparts accumulate a good number of pesticide residues, which has numerous negative effects. The USDA continues by suggesting to consume organic meat and poultry to help avoid the effects of the mad-cow disease, and buying organic baby food in order to prevent the baby from having exposure to toxins. Organic seafood, on the other hand, were not suggested to be purchased, for there is not enough documentation that it has significant differences with its conventional counterpart. The health benefits that organic products offer just outweigh the costs so far. In 2002, Danny Asami et al.of the Department of Food Science and Technology did a research on the amount of phenolic content (which provides protection against cancer) and Vitamin C content of conventional and organic produces, and concluded that the fruits that were grown organically possessed significantly higher concentrations of both phenolic and Vitamin C. Organic tomatoes have much more lycopene in them, and organic fruits and vegetables contain more flavonoids. Organic milk has its perks too, for Danish Institute of Agricultural Research proclaimed that it has higher amounts of Vitamin E, beta-carotene and several antioxidants than regular whole milk. The food safety that organic products offer can’t be denied either. Pesticides that are often found on non-organic foods have its obvious negative effects, and also some subtle ones. Such effects like immune suppression, hormone disruption, neurological damages are the risks that pesticide residues are leaving in a non-organic food. New studies also show that pesticides are capable of being passed from the woman’s womb to its offspring, which may cause numerous implications to the fetuses’ brain. Unfortunately, organic products do contain pesticide remains at all, however for the people who seek to reduce the risks of a pesticide residue, organic products are a much better option. Organic foods can not only give us peace of mind, but it provides us with such substance that non-organic food is lacking. It gives us the freshness that nature has intended for us all along, and in a society where health gives us power, we cannot go wrong on eating healthy and enjoying it at the same time. Our health is worth everything, so while the cost may be too steep, the profits that it brings back to us are far more redeeming.

buy custom Psychopaths essay

buy custom Psychopaths essay Sociopaths or psychopaths is a term used to describe individuals who lack conscience or feeling for others and does not consider social rules to have any meaning. It is very probable that at one time or the other we come across sociopathic individuals without knowing it, since they cover a much broader spectrum than we would imagine. They are social predators and they manipulate, charm, and ruthlessly work their way through life (Patrick, 2006). Psychopaths never have any sense of guilt or regret, regardless of the fact that they leave behind shattered expectations and a broad trail of broken hearts on bewildered victims who are left wondering what kind of people psychopaths really are. Psychopaths are morally depraved individuals who commit planed, purposeful and emotionless violence. When these persons are 50 years of age, the violence is at a plateau then it tampers off. They reflect a detached, fearless, dissociated state, revealing a low-state automatic nervous system and lack of anxiety due to lack of emotions. Their most probable motivator is control and dominance as have no strong bonds with or much rhyme to their reason with others Many are times psychopaths are thought to be the disturbed criminals who are on headlines and are crowded in a nations prison. However, this is not always the case as they might be individuals who live in supreme self confidence bu lack conscience since not all psychopaths are killers. Due to this lack of conscience it is thus evident that psychopaths are likely to engage in criminal behavior (Cooke, 2001). Psychopaths are influenced to commit a crime by several factors. Lack of guilt, shame and a combination of a tendency for impulsive risk-taking can lead to a criminal career or a business one depending on the circumstances. Their conquest is based on manipulation and lying. A debate concerning this issue has been provoked on whether the phenomenon is just an aberration or whether it is favored by natural selection especially when it is found rare in a given population. Prisons are perfect places to keep psychopathic individuals in order to protect ourselves, otherwise without them; even crime is the preferred remedy of safeguarding ourselves. The factors that would reduce the likelihood of a psychopathic engaging in criminal behaviors is by firm refusal of having a nervous breakdown anytime they deny reality or claim that we are suffering from delusions and that we are not mentally stable (Hill et al, 2004). Victims should also learn to have a good memory as opposed to the psychopaths selective memories which only allow them remember things that only suit their purpose. This way we will challenge their wits and make thhem reluctant in committing their evil acts whenever persons that challenged them are concerned. The other most convenient tool of curbing criminal acts by psychopaths is by avoiding them especially if you suspect what they are. In a biological point of view, it affects both sexes although similar to color blindness biologically. Psychologically, a deficit picture is seen among men only, since it is toned down among women by an effect of a second normal allele. The condition is inherited through a semi-dominating gene via the X chromosome (Patrick, 2006). Psychopaths can be appropriately discussed under the psychological theory. This is mostly due to the lack of conscience and the fact that not all psychopaths have inherited the trait. Whether or not psychopathic character is as a result of brain disorganization or dysfunction, abnormal cerebral asymmetry, or general difficulties in information processing or simply psychological effects, it is a vice the needs to be curbed. Psychopath pulls down development and breaks decent families. It is a social setback that needs to be dealt with using all available suitable means. The improving of boardrooms or prisons is among the best measures that curb this evil vice and need to be upheld to have a better human environment. Buy custom Psychopaths essay

Rights of Third Parties Case Study Example | Topics and Well Written Essays - 3000 words

Rights of Third Parties - Case Study Example Contract is an agreement or set of promise between two or more persons which is binding and therefore legally enforceable. It covers transactions like buying and selling, employment of staff, partnership agreement and so on. It can also be described as: "an agreement which is legally binding on the parties to it and which broken may be enforced by action in court against the defaulting party. Existence of contract - Damages sought by claimants on the basis of fraud and breach of fiduciary duty in respect to diverted insurance premiums - Negotiations between the parties taking place after proceedings issued - Letter sent by claimant asking whether defendant accepted responsibility for the fraud - Letter signed and returned by defendant but with caveat - Whether binding agreement concluded between parties. Willis Management (Isle of Man) Ltd v Cable and Wireless plc [2005] 2 Ll L R 597 (CA/UK) A trust is an equitable obligation, binding a person (who is called a trustee) to deal with property over which he has control (which is called the trust property) either for the benefit of persons (who are called beneficiaries or cestuis que trust) of whom he may himself be one, and any one of whom may enforce the obligation, or for a charitable purpose, which may be enforced at the instance of the Attorney-General, or for some other purpose permitted by law though unenforceable. Pettit Equity and The Law of Trusts 8th ed. (1997) p 24. CONSTITUTION OF TRUSTS Constituting the Trust - act of vesting the trust property in the hands of the trustee. If inter vivos transferor will vest the property concurrent with declaration of trust, If testamentary property will vest upon testator's death in executors/administrators, - Rule - if trust not constituted, it is invalid- Problems: A declares trust in favour of B on Day 1, but doesn't transfer $$ to trustee until Day 5. - Rule - until the trustee receives the property, trust incompletely constituted invalid - Curative: On day 5, trust valid & operative b/c trustee has property - Settlor can be compelled to transfer property they promised to place in trust - where S received valuable consideration for promise to create trust RIGHT OF THE THIRD PARTY The Contracts (Rights of Third Parties) Act, which was given Royal Assent on 11th November 1999, radically changes a fundamental principle of English law, namely that only those who are parties to a contract can enforce rights under that contract - the 'privity of contract' rule. The Act applies to virtually all contracts. Therefore the construction industry must consider its impact on all its contracts - building contracts, subcontracts, consultants' appointments, collateral warranties, insurance policies, bonds, adjudication agreements etc. Right of third party to enforce contractual term: The third party must be expressly identified in the contract by name, as a member of a class or as answering a particular description but need not be in existence when the contract is entered into. This section does not confer a right on a third party to enforce a term of a contract otherwise than subject to and in accordance with any other

Leishmaniasis Disease Emergence and Re-emergence Analysis Essay

Leishmaniasis Disease Emergence and Re-emergence Analysis - Essay Example In the previous decade, endemic areas have extended, occurrence increased and the substantial unrecorded cases of the disease identified. Leshmaniasis is one of the most significant human vector-borne disorders. Leishmania parasite causes nodules and skin ulcers to individuals. Numerous Leishmania parasites can have an effect on mucous membranes of an individual and may cause nose disfiguration (Ashfold & Bettini, 1987). In addition, other leishmania species may harm the internal body organs of an individual. According to a report by Ready (2010), dogs are the most significant domestic animals in epidemiology of Leishmaniasis. This is because dogs are reservoir hosts for L. Infantum, a significant organism in human visceral Leishmaniasis. Leishmaniasis is caused by species of leishmania, a protozoan that belongs to the family of Trypanosomatidae. Leishmania genera are divided into two subdivisions that are Leishmania and viannia. These two different types of parasites live and multip ly in the digestive tract of causative agent. The difference between the two sub divisions lies in where they multiply in the digestive system of the causative agent. Human leishmanisis is caused by leishmania which is transmitted between individuals who are reservoir hosts. ... In this regard, the activity of the sand flies intensifies at dawn, dusk and at night when perturbed in their hiding places. Sand flies are always attracted by light at night and enter buildings at night, bite people and cause the spread of Leishmaniasis. Leshmania parasite may also be transmitted by canine fleas and ticks (Ashfold & Bettini, 1987). Ticks are most importantly used to transmit the parasite between dogs. Presently, sand fly transmission seems to have reduced due to the effects of global warming. Global warming has brought changes in the climate which has caused hot regions to be hotter and cold regions to be colder. This change in climate has adversely affected the activities of sand flies whose activities are high when it is cool, humid and fewer rains. Present transmission seems to be done by mammals that can traverse the harsh climatic conditions. Leishmaniasis disease was initially termed as a disease of the rural areas. Presently, large outbreaks have been reporte d in large cities across the world because of encouraging epidemiological conditions linked to the reduction of natural ecological space of the vectors due to droughts, deforestation due to population growth and famine which are effects of climate change (World Health Oragnization, 2009). Mammals can remain infected with Leishmania for long and can still infect with the parasite even after clinical cure. Infected mammals can in turn transmit the parasite to sand flies. Presently, the parasites have been transmitted to people through blood transfusions in dogs and people (Ready, 2010). Leishmaniasis may also be caused by l. infantum which can be transmitted through saliva, semen, urine and conjunctiva secretions and blood. In the contemporary world, the