History And Structure Of New York Stock Exchange Finance Essay - Free Essay Example

Sample details Pages: 3 Words: 822 Downloads: 7 Date added: 2017/06/26 Category Finance Essay Type Analytical essay Did you like this example? In this paper, it begins by an interpretation of the role and functioning of stock markets, the New York Stock Exchange is represented in this case. Firstly, it goes through the history of the NYSE, it explains its administrative structure. An overview of the advantages of the stock exchange for both investors and corporations is provided. It analyzes the question of efficiency of financial markets. What is stock exchange? Don’t waste time! Our writers will create an original "History And Structure Of New York Stock Exchange Finance Essay" essay for you Create order Stock Exchange An organized marketplace for securities featured by the centralization of supply and demand for the transaction of orders by member brokers for institutional and individual investors. (ref: glossary from www.nyse.com) The stock exchange or stock market is where equities are bought and sold between buyers and sellers. The stock market or equity market is considered as a Capital market as it facilitates the flow of long-term funds. Then, Capital market can be divided in Primary Market and Secondary Market. The Primary market is used by Corporations for issuing new stocks (or long term debt) in order to raise capital or fund, while Secondary market assures the trading of existing stocks. It is a means of trading stocks for stocks brokers, traders and dealers. The main purposes of the secondary markets are its liquidity and share valuation. Investors holding stocks from the first issuance in the primary market but do not want to keep them. They can sell them in the secondary market to others who want to acquire them. There are two types of stock on the market that are preferred stocks and common stocks. Preferred stocks Preferred stocks pay a fixed dividend regardless of corporate earnings and have priority over common stock in the payment of dividends. Preferred stockholders also have priority over common stockholders in recouping their investment if the company fails or liquidates. However, preferred stock carries no voting rights and, should earnings rise significantly, the preferred holder receives the same fixed dividend while holders of common stock may collect more. The fixed income stream of preferred stock makes it similar in many ways to bonds. Securities that represent an ownership interest in a corporation. If the company has also issued preferred stock, both common and preferred have ownership rights. Common stockholders assume the greater risk, but generally exercise the greater control and may gain the greater award in the form of dividends and capital appreciation. The terms common stock and capital stock are often used interchangeably when the company has no preferred stock. Process of trading Advantages to be listed on stock exchange for corporations Creating a market for the companys shares Enhancing the status and financial standing of the company Increasing public awareness and public interest in the company and its product Providing the company with an opportunity to implement share option schemes for their employees Accessing to additional fund raising in the future by means of new issues of shares or other securities Facilitating acquisition opportunities by use of the companys shares Offering existing shareholders a ready means of realising their investments Companies seek a listing on the exchange to raise new finance for the company and/or its owners; for example, the new finance that is needed to assist expansion may be best raised by the sales of shares in the company rather than taking on debt finance. Advantages to invest in stock market for investors Common stock has a number of advantages which make it a desirable investment vehicle, some of which are listed below: ÃÆ' ¢Ãƒ ¢Ã¢â‚¬Å¡Ã‚ ¬Ãƒâ€šÃ‚ ¢ Common stock has the potential for delivering very large gains, unlike bonds, Certificates of Deposit, or some other alternatives. Annual returns-on-investment (ROIs) of over 100% have occurred on a somewhat regular basis. ÃÆ' ¢Ãƒ ¢Ã¢â‚¬Å¡Ã‚ ¬Ãƒâ€šÃ‚ ¢ The potential loss from stock purchased with cash is limited to the total amount of the initial investment. This is considerably better than that of some leveraged transactions, where the maximum loss can well exceed the total of the funds invested. ÃÆ' ¢Ãƒ ¢Ã¢â‚¬Å¡Ã‚ ¬Ãƒâ€šÃ‚ ¢ Stocks offer limited legal liability. Passive stockholders (those who take no active part in the running of the company) are protected against any liability stemming from the companys actions beyond their financial investment in the company. ÃÆ' ¢Ãƒ ¢Ã¢â‚¬Å¡Ã‚ ¬Ãƒâ€šÃ‚ ¢ Most stocks are very liquid; in other words, they can be bought and sold quickly at a fair price. ÃÆ' ¢Ãƒ ¢Ã¢â‚¬Å¡Ã‚ ¬Ãƒâ€šÃ‚ ¢ Although past performance is not a guarantee of future performance, stocks have historically offered very high returns in relation to other investments. ÃÆ' ¢Ãƒ ¢Ã¢â‚¬Å¡Ã‚ ¬Ãƒâ€šÃ‚ ¢ Stocks offer two ways for their owners to benefit, by capital gains and with dividends. As previously stated, each share of stock represents partial ownership in a company. If the company becomes more valuable, so will the ownership interest represented by each share of stock. This appreciation of the stocks value is known as a capital gain. In addition, if the company earns more profits than it needs to support its maintenance and growth, it may elect to distribute the excess to its owners, the shareholders. The periodic distributions of profits are called dividend payments.

Informative Speech Outline On Heroin - 928 Words

Kiah Bucher Comm 100.03 Mr. McGrath Persuasive Speech Outline Topic: Heroin Addiction Treatment General Purpose: To persuade Specific Purpose: To gain passive agreement that all drug recovery center should make available the option of medication assisted treatment drugs in, and after, their recovery programs for heroin addicts. Introduction Attention getter: 41 people die everyday in America due to heroin overdose. According to the national institute on drug abuse heroin usage have risen from 2002 to 2016 from around 404k users to 948k users. The overdoses have blow up from two thousand deaths in 2002 to 15 thousand deaths in 2016. That means about 1.6% of heroin users die to overdoses a year. Tie to audience: If anyone you know†¦show more content†¦Relapse after completing a program is especially dangerous because the addicts low tolerance may cause them to overdose. Kentucky facilities report up to 75% dropout rate of the 12 step program. At the most successful facility with a 40% dropout rate, they reported half of those who completed it relapsed within the year. To paraphrase Dr. A. Thomas McLellan when the 12 step program was widely picked up no one understood the science of addiction, â€Å"We started off with the wrong model.† There is a sense of self accomplishment and strength from within that inspired this program into existence. Professionals have known the system has been broke for awhile, so it was alarming that 90% of drug recovery centers where abstinence was the only solution. Whether this practice came from alcohol treatment, or if the return opioid patients was noted and exploited, I do not know. The financial incentive to tell people the ir treatment is working on others exists. As residential stay can cost around $31K. [Transition: But something in this system to change, so let’s talk about the other 10% of facilities.] Solution l: Other drug treatment facilities use partial opioid agonists like methadone and suboxone. Suboxone is a combination of two drugs that reward a user for correct usage, block the effects of other opioids, and if misused gives a nasty hangover. The drug gives the user similar

Female Infanticide Free Essays

string(49) " rates of female infanticide increased in China\." Imagine a world with no women. There as no wives, no sisters, no daughters, and no mothers. Unfortunately this world is on the brink of becoming a scary reality for Asian countries such as China and India. We will write a custom essay sample on Female Infanticide or any similar topic only for you Order Now Due to attempts to control population and the low value associated with females in these societies historically and culturally, both China and India are now facing a serious gender imbalance. Female infanticide and sex-selective abortion are responsible for this gender imbalance. The two atrocious practices have led to problems such as elevated rates in female kidnapping and slave trade, as well as forced marriages. This paper will focus on the roots of female infanticide and sex-selective abortions as well as the problems these practices have presented. According to current statistics, there are approximately 1,338,299,512 people living in China (Cao et al. 2012). For every 120 males, there are only 100 females. A study published in the British Medical Journal found that China has approximately 32 million more males than females under the age of 20 (Cao et al. 012). In a 1999 Chinese census report, the imbalance between the sexes revealed that the imbalance is now so distorted that there are 111 million males in China – more than three times the population of Canada – who will be unable to find a wife (Hvistendahl 2008). As a result of this gender imbalance, the rate of female kidnapping and slave trading has increased. There are 8,000 women on average per year who are rescued by authorities from â€Å"forced† marriages (Cao et al. 1012). A major factor responsible for the distortion of this gender imbalance in China is the one child policy. In 1979, the Chinese Government implemented a new act under the family planning policy. This new act officially restricts married, urban couples to having only one child, while allowing exemptions for several cases such as rural couples, ethnic minorities, and parents without siblings (Hesketh et al. 2011). Ideally, the act was implemented to alleviate social, economic, and environmental problems arising from the over-population issues in China. The one child policy offers couples that delay childbearing a longer maternity leave as well as other social benefits. Couples that have a second child without a permit are at risk of being fined thousands of dollars, and may also be penalized by suffering wage cuts and reduced access to social services (Hvistendahl 2008). Approximately 35. 9% of China’s population is subject to the â€Å"one child policy. † The policy is said to have prevented some 400 million births from 1979 to 2011 (Hesketh et al. 2011). The one child policy has been the source of conflict for a variety of reasons. The main focus has been the increased rate of female infanticide. Female infanticide is the intentional killing of baby girls due to the preference for male babies and is attributed to the low value associated with the birth of females (Weijing 2010). Poverty, famine, and population control are inter-related factors. Where safe and effective birth control is unavailable, infanticide is used to selectively limit the growth of a community. Infanticide allows for selection of the fittest or most desirable offspring, with sick, deformed, female, or multiple births targeted for disposal (Hvistendahl 2008). Males are viewed as more valuable to have as children in the Chinese society because they can work for higher wages and provide for their families. Females are viewed as a burden to the family because unless they live in a major city, they are expected to stay home with the family instead of pursuing an education or working (Hesketh et al. 2011). From the moment they are born, women are considered inferior to men. Women are viewed as submissive and weak whereas males were dominant and strong. Chinese women are taught from a very young age to look after the men in their households. They continue to live the rest of their lives as subservient to males (Reed 2011). There is a principle of three obediences by which women are expected to live, obedience to their father while living under his roof, obedience to their husband and his family once married, and obedience to the eldest son once widowed (Caldwell and Bruce 2005). In the countryside, less than half a million out of a total rural population of eight hundred million were receiving pensions in 1981. Individuals and families who live in rural areas rely on their off spring to be part of their working staff. If such families are only allowed to have one child, they much prefer to have males because they believe they are of more use for jobs that require physical labor. (Hong, 1987) If a Chinese family who is not secure financially does indeed have a daughter than she will most likely not marry, Hong explains. â€Å"For economic reasons, families with daughters are unlikely to let them go to grooms villages to live because they will be needed not only for the parents old age security but also to boost the life- long earning potential of the household. (Hong 1987 pg. 320) In Chinese culture, it is said, â€Å"a woman’s greatest duty is to have a son. † If a woman does not give birth to a son, her husband will often take another wife in hopes of another woman carrying his heir (Hvistendahl 2008). Women are viewed as so inferior, that often, poor families would sell their daughters as servants to rich families. Despite the egalitarian nature of Chinese society, many parents be lieve that having a son is a vital element of providing for their old age. When a daughter is married off, she is no longer available to take care of her parents in their old age, as she is now responsible for her husband and his family (Hesketh et al. 2011). Historically, the way that women were viewed in Chinese society made it clear that with the one-child policy in place, couples would prefer to have a son rather than a daughter. It is for this reason that rates of female infanticide increased in China. You read "Female Infanticide" in category "Papers" Female infanticide is not a problem that is new to Chinese culture. Studies have shown that evidence of female infanticide in China dates back to 800 B. C. E. Until the fourth century, infanticide was neither illegal nor immoral (Weijing 2010). Legal sanctions against infanticide were introduced in the fourth century as Christianity infused secular laws (Weijing 2010). â€Å"We feel it’s a serious problem that everybody should be concerned about and aware of,† said Wanda Franz, president of the National Right to Life Committee. â€Å"This is a form of abortion that, from our point of view is especially egregious. Abortion is claimed to help women; obviously in these cases, females are the direct victims, because women in these cultures are not valued. Caldwell and Bruce 2005)† Another country that has high rates of infanticide is India. Unlike China, India does not have a one-child policy in place, but instead, parents of daughters who are to get married, must pay a dowry. Although the dowry is illegal in most of India, in areas of poverty, most parents still struggle and are expected to pay the families into which their daughters marry (Mahalingam et al. 2007). The dowry consists of large amounts of money and valuable goods. For families with several daughters this can be a serious financial burden (Dube and Dube 1999). In India, the practice of female infanticide is even more common. As in China, the birth of a daughter is seen as a liability. In India the sex ratio is 93 women for every 100 men, but in some regions there are fewer than 85 women per 100 men (Ahmad 2010). According to a recent report by the United Nations Children’s Fund (UNICEF) up to 50 million girls and women are missing from India’ s population as a result of systematic gender discrimination in India. Another study showed that approximately 2,000 females are illegally aborted every day in India (Mahalingham et al. 2007). India is known throughout the world for being a country of a large population, a diverse culture, and beautiful sites. A part of India that is coming out of the dark and being discussed rapidly by academics is the extent of female infanticide and sex selective abortion. Statistics show in a United Nations report, that India has a higher death rate of females under four years old than any other country in the world. Poorer nations such as Peru have a female death percentage compared to males of seventy three percent, where a more developed country such as Japan has a female death rate of eighty three percent. The national average in India has a death rate of one hundred and seven percent compared to the death rate of boys, and in the area of Rajasthan the death rate of females under four years old is one hundred and nineteen percent compared to boys of the same age. A percentage of these deaths can be contributed to the decreasing health of female toddlers in India. Verma explains, in most regions of India girls are only fed after the males in the family. If the mother of a family does not receive proper nutrition than the chances of her daughter receiving it are very slim. The other major reason for mortality rates of young female children is so high is due to the practice of female infanticide. Virma, while travelling through her homeland on a search of qualitative research about the practice of female infanticide, came to find just how common female infanticide is across India, particularly in rural areas. Virma explains throughout many villages the male head of the household orders the daughter to be killed. In a particular interview a woman was screaming and crying, her husband told his wife, if she did not kill the baby than he would smash her head in until she was dead. Virma, 2005) In the village of a Bihar, the killing of female infants is so common; the locals repeatedly state, â€Å"The killing of girls is not a sin. † Midwives who play a large role in rural societies of India openly admit how many female infants they have killed. One stated â€Å"I have killed at least sixty five female babies in the last ten years. † (Verma 20 05 Pg. 29) In the same villages midwives are paid a fee of one hundred rupees if the baby is a boy, twenty-five rupees if the infant is a girl, and fifty rupees if the midwife kills, or disposes of the female child. Verma, 2005) There are many different ways in which the female infants are killed; two common practices include starving the baby to death, or poisoning her with tobacco or oil. Many midwives feel that they are â€Å"liberating the female infants soul by killing them. They believe the alternative, being a woman in many parts of India is much worse than being dead. (Verma 2005) Female children who are raised in India are aware of the way they are treated by society and within their own families. In many instances they understand the expense of their dowries, and in certain circumstances go to great lengths to bring honor to their families. In a northern rural village, three sisters had hung themselves, with a note explaining the financial freedom their parents would have without them. (Verma 2005) The Chinese government has taken a number of steps to combat the practice of female infanticide, as well as promote and protect women’s rights. The Marriage Law and Women’s Protection Law prohibit female infanticide, and the latter prohibits discrimination against women who give birth to daughters (Hvistendahl 2008). The Sex Selective Abortion Law and Maternal Health Care Law of 1994 were created to put an end to sex selective abortions, and the latter prohibits the use of medical technology to determine the gender of a fetus (Hesketh et al. 2011). Unfortunately, however, the practice continues in China despite these efforts. The availability of modern ultrasound technology is a major contributing factor to sex-selective abortion. The technology was introduced to China in the 1980’s for diagnostic purposes, however, the opportunity to use the technology for sex selection was soon exploited. In 1994, the Chinese Government banned the use of ultrasound technology for the use of sex selection in 1994 in an effort to elevate the number of females born per year and decrease the rate of sex-selective abortions and infanticide (Hesketh et al. 2011). In 2003, the Indian Government implemented the 2002 amendments to the PNDT (Pre-Natal Diagnostic Techniques) Act, explicitly recognizing the responsibility of manufacturers and distributors, such as GE Healthcare India, to protect against female feticide. Manufacturers must confirm that their customers have valid PNDT certificates and have signed legal documents stating that the equipment shall not be used for sex determination (Mahalingham et al. 2007). Female infanticide is a horrible manifestation of the anti-female bias that continues to pollute societies throughout the world. Even in technologically advanced and educated societies, the brutal practice continues. The successful eradication of the practice of female infanticide seems an arduous task. In order to combat the phenomenon, careful consideration of the location-specific and cultural factors leading to the practice is necessary. The education of both men and women, social strategies to improve the status of women, and access to family counseling and healthcare may provide means of eliminating female infanticide, as well as elevating the value assigned to women around the globe. In countries such as China and India where the preference of male children has been a part of their cultures history and tradition, one of the only ways to prevent the acts of female infanticide and sex selective abortion is through education. In the early 1990’s less than forty percent of India’s three hundred and thirty million females aged seven and older were literate. Approximately ten years later the numbers improved with sixty five percent of the female population being able to read or write. â€Å"Numerous studies show that illiterate women have high levels of fertility and mortality, poor nutritional status, low earning potential, and less autonomy within the household. †(United Nations 2002) Although there are many schools within India whose curriculum is outstanding and where the student’s performance out does primary schools in the global north there are still many areas where improvement must take place. The government of India must start with setting up more schools and classrooms and providing more teachers at the grass root levels. †(UNICEF) The second step that needs to be taken is to ensure quality teacher training and a solid planned out curriculum for each school to follow across the country. Along with a solid curriculum there needs to be more encouragement of education for girls. If encouragement means giving f amilies incentives to keep their daughters in school, then the government should seriously consider them says the president of the Kanchan Foundation. With an outstanding number of children in upper primary schools across India many girls either drop out or there is not enough space for them so they are forced to leave. By increasing the number of upper primary schools many more girls in India would have the chance of a formal education. Overall the two most populous countries in the world, China and India, are facing what has been described as something close to genocide. With China attempting to control their population size, and India’s historical and cultural preference of male children, both countries are in dire need for daughters in their societies. Between female infanticide and sex selective abortion both countries are running out of potential marriage partners for their male children. With female infanticide and sex selective abortion on the rise the number of kidnapping, and forced marriages of females has also been increasing. Research shows the answer to the problem is increased education for both male and females throughout both countries. Encouraging girls with their education, and teaching boys and men that women should be valued in society are the first steps in stopping such practices. Although sex selective abortion has been against the law in China since 1994, the practice has been on the rise, particularly with advancing technology. Authority does not watch the practice closely and more recent policy needs to be put in place. It should be both China and India’s goal to give infant females, the same celebrations of life as their male counterparts and to give all women in both countries gender equality. 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