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Wednesday, June 9, 2021

What does Pride and Prejudice reveal about Austen's attitudes to issues of class, wealth and social status?

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Through the wide range of characters in Jane Austen's Pride and Prejudice her views on class, wealth and social status are revealed. Jane Austen grew up in Hampshire, from the age of sixteen she would have often been present at dances and visits to other families of the same social class gentry and minor aristocracy. These sorts of gatherings formed a large part of the Hampshire's social scene in a similar way as in Pride and prejudice. Austen's attitudes of class, wealth and social status originate from her own background and experience and this is portrayed in the novel through characters and key events. The first line of the novel clearly reflects Austen's upbringing and beliefs, "It is a truth universally acknowledged that a single man in possession of a good fortune must be in want of a wife." The language used here, ‘universally acknowledged' and ‘must' show that Austen feels that it is a commonly known fact that men with money are always looking for potential wives. This line is mocked throughout the novel as ironically Merryton is a village full of daughters searching for husbands.Mr. Darcy is proud, and he is prejudiced, and like Elizabeth in first half of the novel we dislike him for this. However Darcy's character develops and we see a more gentle and hospitable side to him. Austen makes it clear from the first time Mr. Darcy appears at the Merryton Assembly that he is of a high class and has a great deal of wealth, as she writes, "The report which was in general circulation within five minutes after his entrance, of his having ten thousand a year." This quotation shows Austen's view of society's obsession with wealth and how a judgment could be made on a person according to their income.Mr. Darcy's proposal to Elizabeth reveals to us Austen's awareness of the problems involving the marriage of people from different classes. After Darcy's declaration of his love for Elizabeth Austen goes on to tell us, "His sense of her inferiority of its being degradation-of family obstacles which judgment had always opposed to inclination." This quotation shows that even though Darcy tells Elizabeth he loves her, he also describes the problems that arise from his feelings in terms of her lack of money and social status. We see that Darcy is not good with words, or describing his feelings in a positive way.Austen's views on upper class society are revealed through Lady Catherine De Bough. She represents snobbish upper class society in Pride and Prejudice. She is rude and interfering but gets away with it because of her social status, she is obsessed by her own position in society. When Lady Catherine visits Elizabeth in order to find out if she intends to marry Darcy, we she her character at its worst as she makes it obvious she thinks Elizabeth is inferior in birth and wealth as she says, "What is to divide them? The upstart pretensions of a young woman without family, connections or fortune. Is this to be endured? It must not, shall not be." This quotation shows Lady Catherine's snobbery to its full potential as she openly talks down to Elizabeth and insults her.


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Mr. Darcy is embarrassed by his Aunt Catherine's rude and insulting manner when she suggests Elizabeth can practice the piano in the servant's room. Austen tells us, "Mr. Darcy looked a little ashamed of his Aunt's ill breeding, and made no attempt to answer." Lady Catherine obviously does not think well enough of Elizabeth to let her play on her piano and this is why she suggests the servant's room. This shows that even though Mr. Darcy and Lady Catherine are from the same family and of the same class, they are very different in their mannerisms. This reveals to us Austen's awareness of the differences in upper class society. Lady Catherine cannot imagine the mix of middle and upper class, as we see when she visits Elizabeth in an attempt to make her promise not to accept Darcy's marriage proposal. Whereas Mr. Darcy's views are obviously quite different as he proposed to Elizabeth even though he was perfectly aware of her lack of wealth, class and social status. In a similar way that Mr. Darcy is embarrassed by Lady Catherine's behavior, Elizabeth is embarrassed by Mrs. Bennett's behavior. An example of this is when Mrs. Bennett visits Jane and Elizabeth at Netherfield and contradicts Mr. Darcy over the positive and negatives of town and country life revealing her unsophisticated and simple attitude. Elizabeth says, "He only meant there were not such a variety of people to be met with in the country as in town, which you must acknowledge to be true." In this quotation Elizabeth is clearly embarrassed and tries to defend Mr. Darcy and make her mother agree with him in order to cover up her foolishness. Where Mr. Darcy ‘made no attempt to answer' Lady Catherine, Elizabeth tries to change the subject and hide her mother's folly. Austen reveals to us that upper and middle class society can be very similar in their manners, Lady Catherine and Mrs. Bennett both behave dreadfully in many parts of Pride and Prejudice. Lady Catherine feels she has the right of freedom of speech because of her position in society. Mrs. Bennett however is vulgar and her obsession with marrying off her daughters is the cause for much embarrassment, she speaks freely because she wants to and doesn't care what the consequences of it may be. The Netherfield Ball is a key event in which Austen shows her attitudes towards the divisions incurred from people of different classes, fortunes and social statuses. Most of the events which occur at the Netherfield Ball are cause for much embarrassment for Elizabeth. The first being Mr. Collins decision to introduce himself to Mr. Darcy. When Elizabeth says, "You are not going to introduce yourself to Mr. Darcy?" Mr. Collins replies quite confidently, "Indeed I am. I shall intreat his pardon for not having done it earlier." This shows Mr. Collins' complete lack of propriety, he embarrasses the Bennett family by his introduction which at the time was considered rude and offensive. Next Mrs. Bennett embarrasses Elizabeth yet again when she speaks openly at the dinner table, Austen tells us Elizabeth was, "deeply vexed to find her mother was talking to that one person (Lady Lucas) freely, openly, and of nothing else but of her expectation that Jane would be soon married to Mr. Bingley." Mrs. Bennett shows no self restrain during her conversation, she knows other people are listening but she caries on talking in her usual assumptive manner. After supper Mary then begins to play the piano and sing in her unfeeling fashion and carries on far to long, only stopping when Mr. Bennett intervenes saying, "That will do extremely well, child. You have delighted us long enough." This sarcastic mocking comment is not unusual coming from Mr. Bennett. Elizabeth is extremely aware that Mr. Darcy has observed all of her family in their shameful behavior. It is clear that it is not Elizabeth's position in society that delays Mr. Darcy's falling in love with her, it is the terrible behavior of her family. In conclusion Jane Austen's views on class, wealth and social status are brought out through the behavior of her key characters. The main characters in Pride and Prejudice do not work, they are members of a leisured class, with an exception of Mr. Gardiner. Work is not an option for the young women in the novel, even though they are surrounded by female servants who have no choice but to work. Austen seems to accept this social situation as normal and completely justified. It is clear that Austen has little experience of lower class society as they are never represented in the novel, the lowest social rank we are introduced to, are the housekeepers, but their part in the plot is minor. She shows awareness that mixing of classes in marriage was not highly thought of at the time. However, it is obviously not something she condemns as the heroine of her novel, Elizabeth marries Mr. Darcy. The financial and social differences and therefore problems of their match are clearly highlighted throughout the novel. Bibliography.Austen, J (181) Pride and Prejudice, Penguin Classics.Cavenish, M (186-187) The Great Writers, their lives, works and inspiration, issue 6, Marshall ltd.Butler, M (185) Jane Austen and the War of ideas.Please note that this sample paper on What does Pride and Prejudice reveal about Austen's attitudes to issues of class, wealth and social status? is for your review only. In order to eliminate any of the plagiarism issues, it is highly recommended that you do not use it for you own writing purposes. In case you experience difficulties with writing a well structured and accurately composed paper on What does Pride and Prejudice reveal about Austen's attitudes to issues of class, wealth and social status?, we are here to assist you. 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Friday, June 4, 2021

A Comparison of How Man's needs and Social Status Effect His Behavior in Anna Karenina and Crime and Punishment

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Crime and Punishment and Anna Karenina are two Russian Novels that both take place in the eighteen-sixties. The novels reflect two different ends of the sociology spectrum. Anna Karenina's conflicts revolve around the realm of high-class society, however Crime and Punishment's conflicts reflect the life of lower, mid-class society. The two main characters of both novels are Anna Karenina and Raskolnikov. The social statuses of these two characters are determined by the level they find themselves on "Maslows Hierarchy of Needs". "Maslow set up a hierarchical theory of needs in which all the basic needs are at the bottom, and the needs concerned with mans highest potential are at the top. The hierarchic theory is often represented as a pyramid, with the larger, lower levels representing the lower needs, and the upper point representing the need for self-actualization. Each level of the pyramid is dependent on the previous level." (Maslow)The pyramid of "Maslow's Hierarchy of Needs" is shown below(Maslow)


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Wherever people may find themselves on this pyramid is a reflection of their social status. For example, it is most likely that only a person in low-class society would need to worry of man's basic needs for survival. This is the base of the pyramid and includes food, water, shelter, and warmth. The level man finds himself on this pyramid determines what he will spend his time worrying about, and may cause him to take drastic actions for his needs to be met. Ergo, behavior of man is a result of the level he finds himself on Maslow's Hierarchy of Needs as well as in society.Anna Karenina in the novel Anna Karenina, is a woman of high-class society. "There is really only one circle of Petersburg upper society everyone knows everyone else, even visits each other. But this great circle has subdivisions of its own. Anna Arkadyevna Karenina had friends and close ties in three different circles." (Tolstoy 1)Her husband supports her and her son financially. Therefore she is above the base of the pyramid. Because of her husband's authority in society, Anna's security needs are also met. "The majority of the younger men envied him for just what was the most irksome factor in his love- the exalted position of Karenin, and the consequent transparency to society, of their liaison." (Tolstoy 185)This places Anna's needs at again a higher level of Maslow's pyramid. Although at the beginning of the novel Anna feels she is content with life, after Vronsky pursues her, Anna realizes she doesn't love her husband, and is in need of Vronsky's love. But the need for "Belonging-Love" on the pyramid is not met for Anna. This is shown in her actions and behavior in the novel.Raskolnikov in the novel Crime and Punishment, is a man on the lower level of mid-class society. He has food, water, shelter, and warmth, but is always struggling to maintain the "Physiological" level of the pyramid. "He had successfully avoided meeting his landlady on the staircase. His garret was…more like a cupboard than a room… And each time he passed (the landlady's door), the young man had a sick, frightened feeling, which made him scowl and feel ashamed. He was hopelessly in debt to his landlady, and was afraid of meeting her." (Dostoevsky 1)Therefore, Raskolnikov can not move past this level. The behavior of these two characters is towards satisfying the level of "Maslow's Hierarchy of Needs" that they find themselves on, so that they may progress to the top of the pyramid to develop and improve as a person. But for both characters, they almost become obsessive with what they need to have satisfied on Maslow's pyramid. This causes the characters to behave irrationally.Because Anna Karenina is on the "Belonging-Love" level of "Maslow's Hierarchy of Needs," her realm of life revolves around her need for love. "Her inner passions are strong, and after they are drawn out by Count Vronsky, they tend to govern her behavior." (Anna)Many young women envy Anna Karenina because she has all that a woman could ever want; beauty, a husband who's a powerful government minister, riches, and a son she adores. But Anna feels the need for a stronger love and finds this love with the Count Vronsky. Her feeling to pursue and maintain her relationship with Vronsky results in her sinful and selfish behavior. For example, although Anna expresses deep love and care for her son, she still chooses to leave her husband and son because of her pregnancy with Vronsky and for the love and attention Vronsky gives to her. Also, because of Anna's decision to leave with Vronsky, who's very proud of his military career, Vronsky chooses to deny his promotion and quit the army altogether. "But now, without an instants consideration, he declined it, and observing dissatisfaction in the upper quarters at this step, he immediately retired from the army. A month later Alexei Alexandrovich was left alone with his son in his house at Petersburg, while Anna had gone abroad with Vronsky…." (Tolstoy 440)And although Anna knows her affair with Vronsky has ruined not only her reputation in high-class society, but it has also made Karenin appear to be foolish and no longer receive respect, she still chooses to be with Vronsky. At this point, Anna is now forced to live away from the society that once admired her. "Relations with the society of the place- foreign and Russian- were equally out of the question, owing to the irregularity of their position." (Tolstoy 465)"As a man, Vronsky enjoys comparative social freedom, which plunges Anna into increasingly intense fits of jealousy." (Anna) "As for the amusements of bachelor existence…they could not be thought of, since the sole attempt of the sort had led to a sudden attack of depression in Anna, quite out of proportion with the cause..." (Tolstoy 468)


At this point in the novel, Anna's character changes drastically. She is depressed and always anxious, believing that Vronsky is having other affairs. She becomes obsessive with knowing what he does and where he goes."The letter was from Anna. Before he read the letter, he knew its contents…he had promised to be back on Friday. Today was Saturday…The letter was what he had expected, but the form of it was unexpected, and particularly disagreeable to him." (Tolstoy 66)Anna's anxiety increases and she has convinced herself that Vronsky no longer loves her, because "under the pressure of her constant suspicion, Vronskys love for her begins to sour" (Anna). Anna's need for love becomes her only need in life. Feeling she has lost love from everybody, she convinces herself she can now only receive sympathy. Anna Karenina ‘knows' in her mind the only way to receive sympathy is to throw herself on the railroad tracks before the oncoming train and commit suicide."But she did not take her eyes from the wheels of the second car. And exactly at the moment when the space between the wheels came opposite her…drawing her head back into her shoulders, fell on her hands under the car, and lightly…dropped onto her knees." (Tolstoy 760)


Raskolnikov is a man struggling to maintain his needs for water, food, shelter, and warmth. All other elements of his life that were once of importance have vanished because Maslow's theory says the base of the pyramid must be met before anything else on the pyramid can even be apart of man's life."He was crushed by poverty, but the anxieties of his position had of late ceased to weigh upon him. He had given up attending to matters of practical importance; he had lost all desire to do so." (Dostoevsky 1)


The only money Raskolnikov receives to help with his needs are from his mother and the old pawnbroker, since losing his teaching job. The Pawnbroker was a rich woman who was able to spare more than a fair price for the items people offered her. "…how she (the pawnbroker) gave a quarter of the value of an article and took five and even seven percent a month on it," (Dostoevsky 6) created hatred in Raskolnikov towards the woman. She was selfish and wretched in Raskolnikov's mind. He was a man who was suffering to continue living. He had no job, was in debt, and needed money to pay rent. His desperation for money and a better life took over. He decided to kill the pawnbroker for not only himself, but for all of society."He pulled the axe quite out, swung it with both arms, scarcely conscious of himself, and almost without effort, almost mechanically, brought the blunt side down on her head." (Dostoevsky 74)


In both novels, the main characters seek to satisfy the needs of the level they are on "Maslow's Hierarchy of Needs". Both character behaviors are for meeting these needs. As the novels progress, the character behaviors become more aggressive and obsessive as their needs take over their lives. It doesn't matter where man may find himself on the ladder of society; everyone has needs that must be met before their lives can progress significantly. This is found with the characters of Anna Karenina and Raskolnikov. They are two ver different characters, but their behavior and selfishness are similar. Word Count 1478 "Maslow's Hierarchy of Needs." 15 Oct 001. 1 April 00. http//www.connect.net/georgen/maslow.htm"Anna Karenina." Summary. 1 April 00. http//www.sparknotes.com/lit/anna/summary.htmlTolstoy, Leo. Anna Karenina. New York New American Library, 161.Dostoevsky, Fyodor. Crime and Punishment. New York Random House, 1.Please note that this sample paper on A Comparison of How Man's needs and Social Status Effect His Behavior in Anna Karenina and Crime and Punishment is for your review only. In order to eliminate any of the plagiarism issues, it is highly recommended that you do not use it for you own writing purposes. In case you experience difficulties with writing a well structured and accurately composed paper on A Comparison of How Man's needs and Social Status Effect His Behavior in Anna Karenina and Crime and Punishment, we are here to assist you. Your persuasive essay on A Comparison of How Man's needs and Social Status Effect His Behavior in Anna Karenina and Crime and Punishment will be written from scratch, so you do not have to worry about its originality.


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Thursday, June 3, 2021

Lee Iacocca: "Lead, follow or get out of the way"

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Lido Anthony Iacocca was born on October 5, 14 to Nicola and Antoinette Iacocca. He graduated in 145 from Lehigh University and received a master's degree in engineering from Princeton University in 146. He began his career as an engineering trainee at the Ford Motor Company in August 146, but after nine months, wanting "to be where the action was", he shifted to sales and marketing. This "change of heart" set the stage for his monumental achievements for Ford.In 156 while sales were slumping, Lee, as a regional sales manager, developed the " 56 for ‘56 " program which enabled customers to purchase a 156 Ford for a modest down payment and $56/month payments. The program was an extraordinary success and was adopted as part of Ford's national marketing strategy. The program was responsible for boosting sales by an estimated 75,000 cars. This breakthrough started his rise through the ranks and by December 160 he was at the head of the Ford division. In 164, having anticipated the rise of the baby boomers, he was responsible for developing one of the most popular cars in automotive history the Ford Mustang. In 168, he repeated his success with the introduction of the Lincoln Mark III. These accomplishments led to his promotion in 170 as President of the Ford Motor Company, "second in command under Henry Ford II"."Never wanting to stop at success, Lee continued developing and implementing innovative and cost cutting ideas". However, his growing popularity and success was a source of concern to Henry Ford "who began to worry about this ‘son of an immigrant' taking over the family business". Tensions between Ford and Iacocca steadily escalated until finally reaching a head when Lee was forced to resign in July 178.His successes did not go unnoticed, and in November 178, he assumed the Presidency of the Chrysler Corporation. In Chrysler, he found a company plagued with management and sales problems and headed toward bankruptcy. "On the day his hiring was announced, Chrysler also announced a third quarter loss of $160 million, the worst deficit in company history".


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In 17-80, with the world economy in tatters, gas prices doubling and import cars steadily increasing market share, Chrysler was faced with insolvency. Lee, realizing that there was only one course of action to take, appealed to the Federal Government for aid. "His speech before Congress was so convincing, that the government agreed to guarantee $1.5 billion in loans if the company could raise another $ billion on its own. Iacocca then went about trimming operations, persuading labor unions to accepts lay-offs and pay cuts, shifted Chrysler's focus to fuel-efficient models and began an aggressive advertising and public relations campaign" to win back consumer confidence and support. Chrysler began improving quality and introduced the popular (Motor Trend Car of the Year 181) K-series cars and "in 184, the minivan, one of the best selling vehicles in North America". Iacocca succeeded in changing the company's image from just another "fat-cat American car company, to the underdog that refused to die" and people started buying Chryslers again. "By the end of 181, Chrysler showed a small profit; three years later it announced record profits of $.4 billion" . On July 1, 18, five years to the day of Lee's release from Ford, Chrysler completed repayment of their loans, a full seven years ahead of schedule.In 186, against his wishes, the Draft Lee Iacocca for President committee was formed to try and convince Lee to run for President of the United States. Although he graciously declined, it illustrated that "he had accomplished what few North American business leaders ever had He had become a national hero". Lee Iacocca continued as CEO of Chrysler until his retirement in 1. From 18-86 he successfully led the (non-profit) endeavor to restore the Statue of Liberty and Ellis Island, raising $05 million ($75 million more than the original goal) to complete the project. "Lee is currently Chairman and CEO of EV Global Motors, which he founded in 17, to design, market and distribute light electric vehicles and is the founder and principle owner of Olivio Premium Products, a Boston-based food company.Lee Iacocca's success can be attributed to the melding of his character and business philosophy. His energy, persistence, attitude toward risk and willingness to listen to people and take whatever measure necessary, enabled him to succeed. While he placed a premium on research, Iacocca believed that the ability and willingness to act decisively was the key as illustrated by his famous "Lead, follow or get out of the way". His philosophy is also described in another famous quote "In the end, all business operations can be reduced to three words people, products and profits. Without the first, there's not much you can do about the other two". He recognized that the importance of his people as those who make the company. As a leader, he adopted one of the most basic (and ignored) principles of leadership Lead from the front. There is no better illustration for this than during the Chrysler "comeback". Lee was seemingly everywhere, "on the production line, in both high and low level meetings, at the White House, in Congress" or meeting with workers at his production facilities. He went on record to personally vouch for Chrysler's products. One of the key factors in the company's resurgence was a series of wage cuts that Lee instituted. In his showdown with the union, "he delivered a one minute speech in which he told them that he had thousands of jobs available for $17/hr, but none at the current $0/hr rate. He gave them one night to take it or leave it ‘but if you leave it', he advised, ‘I'm going to declare bankruptcy in the morning' ". The union agreed, not out of desperation, but because he had announced to them that he had already cut his own salary to $1 per year (a concept he terms "Equality of Sacrifice"). He didn't just talk the talk, he walked the walk.Lee Iacocca has had a major influence on American business and is one of America's most respected and recognized business leaders. He left his mark indelibly on the automotive industry with his numerous successes as President of Ford Motor Company and especially Chairman & CEO of the Chrysler Corporation. His meteoric rise from humble beginnings and through numerous adversities to the highest position in one of the nation's largest corporations is representative of the "classic American success story". ReferencesBooksConger, Jay A. , Rabindra N. Kanungo, and Associates. Charismatic Leadership. San Francisco Jossey-Bass, 188.Marcinko, Richard. Leadership Secrets of the Rogue Warrior. New York Simon & Schuster, 16.Iacocca, Lee, and William Novak, comps. Iacocca An Autobiography. New York Bantam, 184.Internet SourcesSenior One Source Lee Iacocca. Retrieved February 6, 00. http//www.seniorsource.com/LeeIacocca.htmLee Iacocca The Man with the Plan. Cole, Dave, eds. 8 March 001. http//choosetoprosper.com . Retrieved February 1, 00. http//news.smallbusinessstudio.com/articles/01/0/08/14507.html.Olivio Premium Products Lee Iacocca. Retrieved February 6, 00. http//www.olivioproducts.com/Management/leei.htmPlease note that this sample paper on Lee Iacocca: "Lead, follow or get out of the way" is for your review only. In order to eliminate any of the plagiarism issues, it is highly recommended that you do not use it for you own writing purposes. In case you experience difficulties with writing a well structured and accurately composed paper on Lee Iacocca: "Lead, follow or get out of the way", we are here to assist you. Your persuasive essay on Lee Iacocca: "Lead, follow or get out of the way" will be written from scratch, so you do not have to worry about its originality.


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Tuesday, June 1, 2021

Circumventing Foreign Currency Risk

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Foreign currency exchange (FX) rates express the relational value between any two currencies at any point in time. The value of one currency over the other is determined by simple supply and demand. Fluctuations, and appreciation or devaluation of currencies effect trade globally. When it comes to government, Purchasing Power Parity (PPP), and Balance of Payments (BOP) are two methods of evaluating the effects of FX deviations; in the case of foreign companies, domestic companies with foreign interests, and investors of the same, there are mechanisms available to effectively circumventing FX rate risks. Monitoring FX rate changes and relationships daily, and responding accordingly, is paramount in ensuring the well-being of countries, the profitability of companies, and positive yields for investors of foreign companies.


FX rates represent the price of one currency denominated in units of another currency. While it is meaningless to talk of the price of one currency against itself, it is nevertheless possible to measure the changes in the real value of a currency. In essence, inflation and deflation--that is, the change in the price of a fixed basket of goods and services in terms of a single currencyâ€"is the measure of change in the real value of a currency. A currency’s real value is often referred to as its â€purchasing power.” â€Purchasing power parity” (PPP) is said to exist between two currencies when both command the same basket of real goods and services at the prevailing exchange rate. The PPP theorem basically states that, in the long run, the changes in FX rates will equal the relative changes in the purchasing power of the underlying currencies. To illustrate, let’s consider the dollar/pound sterling exchange rate. To simplify the example, it is assumed that at a certain point in time, called the â€base period,” the market exchange rate reflected the â€true” exchange rate. In other words, the exchange rate was such that both currencies commanded the â€same” basket of goods. Assume that in the following period, the average price of that basket of goods increased 10 percent in dollar terms (i.e. the United States experienced an inflation rate of 10 percent, or equivalently, the U.S. dollar lost 10 percent of its purchasing power), and 15 percent in pound sterling terms. In the absence of restrictions on free trading, the theory suggests that the pound should decline 4. percent against the dollar, as implied by the ratio between the U.S. and United Kingdom inflation rates (1.10/1.15 = 0.57). Although, over the long run, actual exchange rates tend to roughly to track the exchange rates implied by the PPP theorem, at times, these rates can diverge substantially. Such deviations can be due either to institutional constraints, which can temporarily prevent the fundamentals from asserting themselves, or simply to the fact that it can sometimes take a long time, even years, for these fundamental forces to influence the behavior of market participants. â€A government that inflates is therefore led to try to manipulate the foreign exchange rate. When it fails, it blames internal inflation on the decline in the exchange rate, instead of acknowledging that cause and effect run the other way.”


In order to understand the forces that create deviations between actual and PPP-implied rates, it is helpful to analyze the supply and demand for a currency using the balance of payments format (BOP). The BOP is a statistical presentation of economic transactions, during a given period, between the residents of one country and those of the rest of the world. By international convention, the BOP is broken down into three accounts current, capital and official settlements. Although, in an accounting sense, the BOP is always in balance, the terms â€surplus” and â€deficit” are used to refer to the net balance of the current and capital accounts portion of the BOP. Other things being equal, the forecast for a BOP deficit implies a declining currency, because it means that during the given period the supply of that currency will exceed the demand. As with any commodity, when supply exceeds demand, the imbalance will create pressures, which force the price to decline until the supply/demand balance is restored. However, if the imbalance is short-lived, such a price adjustment may not necessarily materialize. If the monetary authorities in a given country do not want their currency to decline, because such a development would imply more expensive imports and as a result, higher inflation, they can simply absorb excess supply of that currency through purchases in the FX markets; the purchase or sale of a county’s currency by its central bank is called â€intervention.” Of course, such purchases must be financed through a draw down of reserves. However, unless the BOP deficits are reversed, the exchange rate cannot be protected indefinitely, since reserves will eventually decline to unacceptably low levels, forcing depreciation in the currency. In fact, a sustained decline in reserves is often a red flag, foreshadowing depreciation. Companies and investors, however, do have safeguards that will protect their companies and investments indefinitely.


Whenever a company manufactures in one country and sells its product in another country, the company is susceptible to FX rate risks. To ensure profitability, companies, like governments, must stay informed of intra-day FX changes. This information is not only utilized to make sale price adjustments, but also used in setting foreign costs of production. Unlike government, however, these companies can eliminate FX rate risks, in the same fashion as managers of foreign investment pools. Investing in foreign companies, as well as American companies with foreign interests have the same inherent risks to common stock holders of these companies. Stock portfolios of foreign companies and American companies with foreign interests, most commonly held by mutual or closed end funds, are categorized as â€world,” â€global,” or â€international” funds, and are managed by investment managers that must not only generate profits, but must also minimize losses for its investors. In addition to the obvious losses due to the fall in share values of stocks held by the fund, losses can also be incurred by changes in FX rates. A prudent money manager can avoid FX losses by hedging via currency future contracts and options of the same. Hedging is similar to, what we commonly call, an insurance policy, in that it protects assets; in this case, the assets are foreign stocks and domestic stocks with foreign interests. For example, if a fund holds $1,000,000 of stock in a German company, denominated in Deuche Marks (DM), the fund would sell ten $100,000 DM commodity futures contracts on the Chicago Board of Trade (CBOT); if DMs remained stable by the time the fund sold the stock, the fund would neither lose nor gain on the futures transaction; if DMs, were to lose value versus the U.S. dollar during the stock holding period, the fund would profit on the futures contract and this would offset the currency losses incurred from the sale of the stock; if, on the other hand, DMs rose in value versus the U.S. dollar, the fund would experience a loss on the futures contract, which would, consequently, offset any profits due to currency inflation from the stock sale. Aggressive and knowledgeable fund managers utilize commodity futures markets, not only for hedging, but also as another profit center for the fund. For example, if the fund had sold twenty $100,000 DM contracts, instead of ten, in the above example, the fund would basically have two times the insurance it really needs; the additional $1,000,000 of coverage could be highly profitable to the fund. Profits from futures transactions could far surpass the profits from the actual stock transaction, and are often responsible for elevating the fund’s year-end yield standing well above those funds with the similar investment objectives that are not maximizing on FX opportunities.


Monitoring FX changes and relationships are paramount in ensuring the well-being of countries, profitability of companies, and positive yields for investors of foreign companies. Although governments have two effective methods (PPP & BOP) of evaluating and predicting the effect of changes in FX rates, governments do not have an effective way to protect their currency from appreciating or devaluating, but are at the mercy of large investors and fund managers that are constantly searching the globe for higher yields. Foreign companies, domestic companies with foreign interests, and investors, however, do not share the same fate. With today’s computers, Internet, access to information, and the ability to move capital globally, even the small investor can, not only, capitalize on foreign investment opportunities, but eliminate currency risks as well. Think global for higher yields!


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Monday, May 31, 2021

Morrie

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"Television dramas explore a number of issues to which we can relate and they comment on theses issues using verbal and non-verbal language." Discuss how two television dramas explore and comment on issues prevalent in the real world using verbal and non-verbal techniques. Highlight how these texts position you to respond to these issues in a particular way.The guardian produced by David Hollander and the secret life of us produced by Kate Dennis are great examples of a TV drama where by they explore and comment on a number of relative social issues. The Guardian explores and comments on such major issues as institutionalisation, representation of drug addicts and their families and the role of lawyers in society. A vastly different The Secret Life of Us explores and comments on such current social issues as Representation of doctors, their relationships with patients and friendship between different races. Both these texts allowed me to respond and comment in different and significant ways through its different uses of verbal and non-verbal techniques.The guardian has a certain episode that appealed to me. This episode dwelled heavily on institutionalisation, it implied the attitude that prison institutionalises its inmates and does not help them cope or adapt to the growing outside world when released. The text uses such techniques as character construction to portray this message. Mr Grey, a black gentlemen just released from prison reflects this idea. He is revealed to the viewer as having a lack of social skills and that he won't accept his wife's desires for a divorce, he is shown as unable to hold down a job as he assaults a fellow worker. His slight madness, which a naive viewer may perceive is actually a lack of social skills, is highlighted when he physically abuses his lawyer who in fact is trying to help him. Low camera angle shots depict him as powerful, however foreshadows that he could be threatening. His facial expressions change frequently and his voice slowly increases from calm and controlled to aggressive and irritated. Mr grey has body language that conveys him to be neurotic, at one point he appears attentive and calm as he sits and listens to his lawyer explain a particular situation. Yet at other times he paces the room, revealed through a pan shot, raises his voice and intimidates the lawyer by pointing his finger at her. This is a sign of his uncontrollable anger and lack of social skills. This issue of anger is very prevalent and relative in society today. With a man being ‘falsely imprisoned' for twenty years he is bound to come out of prison with a lot of stored up anger. I responded to this by feeling sorry, compassionate and understanding towards Mr Grey, I believe he should be treated with some kind of tolerance and leverage in order to regain his social skills, this will help him to function.Representation of drug addicts and their affected families is also a key issue in the guardian. It takes the attitude that drugs in parents tear apart families and homes. Although drug addiction is self-destructive it also destroys the people around the addict. Camera closes in on Jon's daughters and deep music is played in the background to heighten the tragedy of Lucy's experience in helping her father (Jon) buy and inject drugs. Body language of Jon is used to show the destruction and emptiness of his life, his head is hung low, he sits very slouched and his co-ordination is poor. Jon is constantly sniffing, coughing and breathing heavily. He is very anxious all the time. His verbal language shows his shame as he shifts the blame "I got sick… My wife got cancer… I can be a better man." This shifting of the blame and making empty promises shows his incapability of being a parent, especially a single parent. This whole issue allowed me to think that it would be unfair to allow two girls to be under his control and supervision. I would think that the ‘Burkes' applying for custody of the children should gain this role in order for the best interest of the children. However with a solid and successful rehabilitation Jon should be able to be a frequently be apart of the children's life.


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Lawyers are represented via the protagonist name, the title of the TV drama and the soundtrack. Lawyers are presented as understanding and protect the vulnerable. Fallin (the blonde lawyer) comforts his client. The camera frames the girl on Fallin to reveal the small space that exists between them. The camera is placed behind Fallins' head and then switches to shoot the scene behind Lucys' head. This illustrates that they are listening and absorbing each other. Fallin attempts to confront her, he says "I know and I agree," this was in context to her disappointment of her father. However this is quite a strange thing to say and do as it blows the ‘real' job of a lawyer out of proportion. Lawyers do not go to police crime scene funerals or self investigate, lawyers are presented with evidence and use it to their best ability in order to help their client. Therefor I am positioned only to take no notice and view this particular issue as fictional and frivolous.The Secret Life of Us explores the idea of doctors an their relationship with there patients. It adopts the attitude that doctors can develop a close relationship with their patients. Doctors are presented as people whose patients and the people around them are clinically detached from them. Tony forms a close relationship with Fergus (a young aboriginal boy) suffering from severe pneumonia. Tony addresses Fergus using colloquial language and a friendly tone, "How are you feeling Ferg…How are you little man." He buys him a present to help him cope with his illness and comfort him, this is shown through the mid shots of Tony next to Fergus' bed. He constantly rubs his forehead as a sign of affection. His language is positive, optimistic and encouraging. "I want you to get well… you've got to use your energy and get well." Tony says to Alex (a female associate doctor) "I still have hope." Alex is negative about Fergus' operation. She says using negative language "it doesn't look good," yet Tony returns a strong sense of hope "yes, but the central lines in and its working." Tony runs to Ferguses bedside during Alex's wedding. Juxtaposition of the two settings (wedding and hospital0 highlights Tony's devotion and love towards his patient. Tony is also filmed discussing Fergus at home and on the way home revealing his concern, he also develops a close relationship with Fergus' parents, and breaks the news to Fergus' mother that the pneumonia is severe, he also answers all questions posed to him by Fergus' uncle. This shows that Tony goes beyond his required duty. This allowed me to take a high regard for the medical profession, as I would want a doctor who is actually interested in the welfare and care of his patient.It is shown that the medical is profession is not always fully professional. The representation of doctors shows this. Alex receives a poor report from a doctor who hasn't even worked with her before. It is evident that the doctor is unprofessional and sinister through his lack of etiquette in evaluating Alex' way of duty. When Alex passes him in the hotel corridor slow motion is used to illustrate and exaggerate the tension which exists between them and delineate the doctor as sinister and deceptive as he meets Alex's eyes and sharply looks away. This made me view and respond in a negative way, how could a senior worker mark you if they had never been exposed to your work. This is very unfair and shows me that there are holes in society and the workforce that need to be patched.Through The Secret Life of Us it is known that interracial relationships are around us and able to function. The friendship between an Aboriginal (Kel) and a white Australian (Alex) shows this. The text takes the attitude that Aborigines are not separate from white Australian society. They are a part of it. The text proposed that aborigines and white Australians could live and operate in a single society and form close relationships. This attitude is propagated via the construction of the character Kel and Alex and their interaction. Kel is deeply saddened that Alex is going to reside in London, the middle shot of her in her car slouched against the window, and weather is overcast to add to the tragic mood. Music playing highlights their friendship. A voice over is used to convey Kel's note she leaves to Alex. "I don't want you to go, you've been and inspiration and guide to me, I don't know what ill do with out you." This whole issue is very strong and I was enlightened and responded to think that there is a hope for an anti racist country, also if friendship is this strong in our world there is no need for destruction, war and violence.All TV dramas are supposed to explore and deal with certain prevalent issues in the current society. However some have greater effects than others do. The Guardian and The Secret Life of Us are excellent they deal with many significant issues and allow the viewer to be affected and respond in many ways. This would show the quality of the texts. Throughout both texts I was positioned in many situations which allowed me to respond in different ways and absorb the message and importance of the TV dramas.


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Friday, May 28, 2021

Discuss Management in the Irish Context

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To manage is to forecast and plan, to organise, to command, to co-ordinate and to control. (Fayol, H. 116)Basically, Management is a process of achieving desired results through the efficient use of human and material resources. The concept of Managerial effectiveness is a central issue in Management. It is the Manager's job to be effective.The Irish people attach a high value to good health services. They expect to have access to health services when needed and to receive the highest standard of medical and nursing care. This can be brought about most effectively by good management, including medical and nursing. However, if the personnel / staff in an organisation are satisfied and fulfilled by their role, then the organisation, as a whole, will run smoothly. This essay will look primarily at Personnel Management and how its effectiveness impacts upon the rest of the organisation. Of course, the primary responsibility of the Personnel Manager is the recruitment and retention of staff. Services stand or fall on the contribution of the staff who provide them. An organisation's workforce represents one of its most valuable resources.


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In addition to ensuring that people with the necessary experience are available to the services, a suitable balance must be achieved between the demand for and supply of the many skills needed in a modern health system. Because so many of the skills required are highly specialised and mobile, it is recognised that manpower planning at any level poses difficulties. In specialist areas, the number of people in training and the number of vacancies arising in any one year are often small, the period of time spent in training can be relatively long, so that calculations of need at the beginning of a training cycle are often overtaken by events; many of the skills are in demand internationally and emigration of skilled personnel can upset calculations of predicted supply. Notwithstanding, these difficulties, there is a need to keep the balance between supply and demand under review and a number of important issues need urgent attention. (Shaping a Healthier Future40)At operational level personnel management involves line managers dealing with day to day interactions with employees and handling most aspects of workplace Personnel Management. Line management incorporates all managers and supervisors responsible for running operational departments or sections in an organisation. Every business will succeed or fail depending on a limited and variable number of strategic factors. (Humble, J.W.,17017) The importance of effective management to the nation and the nations economy has grown considerably over the last quarter of a century, even more so in Ireland in recent years, with our Celtic Tiger phenomenon. This has impacted on the nation by the increasing demand for higher living standards, including a better healthcare service.The rapid advance in Information Technology has revolutionised many of the processes by which services are made available to patients/clients. Also the massive improvements in world-wide communication systems, leading to better and more timely information.It has been said that Healthcare in Ireland, in general, has been slow to initiate change. This could be true has healthcare is not a profit making business, therefore the changes in trends and needs of patients may not be apparent. If one was providing goods for the public but they could go somewhere else to get them cheaper or more effective this action would act as feedback to the business, and in turn, change would be brought about. In healthcare, if a patient needs medical attention they have no choice but to go to their local G.P./Hospital.Some managers and indeed staff find change threatening. A manager who is a good communicator and who can overcome any negative resistance to change and ‘sell' it to those affected by it, are assets to their organisation.Because of the rapidly changing nature of health services, all staff need to be aware of the need for continuing education and training. Employee training and development is an important facilitator of satisfactory employee performance, allowance employees to satisfy personal and organisational needs through their work. (Gunnigle, P.; Flood, P., 10154). Irish Nursing for example, enjoys a well deserved international reputation for excellence.Key findings of a survey carried out by the Office for Health Management, the purposes of which was to identify future development needs in the healthcare sector, showed that the majority of persons working in the health services in Ireland feel they have the greatest amount of skill, knowledge and experience in the following areas.᠋ Consumer Care;᠋ Leadership and Managing people;᠋ Group facilitation;᠋ Objective setting;᠋ Change Management.The priority areas that they identified for their career development were-᠋ Strategic Management;᠋ Resource Use;᠋ Project Management;᠋ Data analysis;᠋ Quality Management.The Office for Health Management have staged follow up workshops for participants to discuss the implications of the findings for Management and Development policy. (Office of Health Management Annual Report 000)The Celtic Tiger has also brought about better remuneration packages for workers, but this in turn has lead to pay claims from different disciplines of staff who feel they are not being paid their worth. This, of course, leads to conflict something almost every manager, when working in an organisation as large as a Health Board, will encounter during the course of his or her career.Working together for a better health service provides for a new active relationship in managing change characterised by employee participation and consultation, the development of joint objectives, co-operation and trust and the delivery of patient-focused quality health services. The above is the mission statement of the National Health Services Partnership Agreement. Partnership is seen as an approach to modernisation of public services through engagement of all participants in development of a shared vision of organisational objectives and goals. Partnership committees have been set up in each health board, to ensure the good management and implementation of the agreement.The partnership approach is seen as facilitating adaptability, change and innovation in methods of service delivery and in minimising or eliminating conflict in the resolution of difficulties with the objective of improving the quality of service for those who receive treatment and care from health service providers. One of the key principles underpinning the partnership approach is effective management of people at all levels and performance review.The cornerstone of employee relations is the contractual relationship that exists between an employee and his or her employer, even where aspects of the relationship are subject to collective agreements. (Cole, G.A. 168)Employee relations in Ireland today, is dominated by organisation wide relationships rather than by arrangements made between trade unions and employers' bodies. The emphasis now is less on producing joint procedures and rules of behaviour and more on gaining mutual commitment to organisational success.A well designed organisation usually ensures that managerial effectiveness and only managerial effectiveness, leads to personal rewards. While organisations do vary in the extent, speed and adequacy of rewards for effectiveness, there can be little doubt that, in the long run the effective manager is the rewarded one. The rewards are usually concrete in terms of salary, level of position and advancement rate. (Reddin, W.J.; Kehoe, P.T. 1746)There is evidence that the Health Boards are changing. Hospitals, for instance, are no longer judged by the number of beds they have. There is a link between the volume of a particular type of work a hospital does and the quality of the results that are achieved. That has implications for hospitals, which traditionally served small communities and explains why hospitals outside large cities are forging links with other hospitals so that, by sharing work, they can each achieve the quality standards expected of a modern hospital.In conclusion, in my opinion the Healthcare Services are changing all the time. The Health Services are becoming a more health conscious place to work not only for patients/client but also for staff. The introduction of new posts such as Health Education Officers, Employee Assistance Officers shows that the Management of the Health Boards are conscious of the fact that they not only have a responsibility to the public but also to their staff. The promise of an investment of £,000 million in healthcare facilities over the lifetime of the recently published National Development Plan makes it safe to predict that Ireland will retain it's premier division healthcare status for the foreseeable future.


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Thursday, May 27, 2021

Harry Potter and the Prisoner of Askaban

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Harry Potter and the Prisoner of Azkaban (EB)Dear Mrs. Farkas,


My book is Harry Potter and the Prisoner of Azkaban, by J.K Rowling. It is about Harry Potter, a young wizard who is now 1, and is known by every wizard because he survived from the greatest dark wizard, Voldemort. Harry has had many encounters with Lord Voldemort, and survived each time! Anyway Harry has just received letters from all his good friends like Ron Weasley, Hermione Granger, and Hagrid. With the letters where birthday presents for his 1th birthday. Harry also got a letter from Professor McGonagall, saying when school starts and that third years are allowed to visit Hogsmeade, with a permission letter. When Harry asks his uncle for permission to go to Hogsmeade, his aunt Marge is also there. His uncle Vernon says no, and then his Aunt Marge starts laughing and agrees. Harry gets really mad at his aunt and blows her up! Then Harry realizing he can't do magic outside of school, gets his bags and makes a run for it. He wants to live his life as a hobo, but first has to go to Gringotts Bank to get his gold out. What will happen to Harry next?


At night Harry is trying to get to London somehow, and then he sees this bear like dog about to attack him. Suddenly a bus comes called the Knight Bus, it helps the lost wizards and takes them to where they want to go. On the bus Harry gives a fake name, his friends name Neville Longbottom. The assistant on the bus Sam gives Harry the newspaper, on the front is on article about Sirius Black says to be the heir apparent of Lord Voldemort. He killed 1 people with one single curse! And after 1 years locked up in Azkaban (a wizard jail surrounded by dementors who are demons the are 1 feet tall and where a hood to cover their whole body very dangerous!) Black escapes and that is suppose to be impossible. When Harry gets to London he gets to Diagon Alley where he buys his school supplies, but he wants to go to the bank. Then Cornelius Fudge the Minister of the Ministry of Magic finds Harry and says hello and gives Harry a room at the Leaky Cauldron and tells Harry not to get out after dark. Harry is surprised he is not suspended. Later Ron comes with his family and Hermione and they shop around for their supplies. The night before Harry was supposed to go to school Harry hears Ron's parents arguing about telling Harry about Sirius Black that he is out to kill Harry because one of the guards at Azkaban heard Sirius muttering in his sleep that "he's in Hogwarts".


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Harry is not scared because he thinks Sirius can't be any worse then Voldemort.On the train to Hogwarts Harry sees a dementor, and faints, and then later wakes up. At school Harry is teased about the dementor incident a little. Harry has two new teachers for Defense against the Dark Arts he has Professor Lupin who have both taken a liking to each other. And for his new class Divination Harry had Professor Trelawny who predicted a lot of bad stuff, and Harry's death this year. Also the Fat Lady (the Gryffindor password holder) had been stabbed by who she says was Sirius Black! Dumbledore take precaution and tells everyone to stay inside and will be suspended if caught. Everyone was keeping a close watch on Harry especially the teachers because Harry was targeted by Black. Ron's pet rat Scabbers has been eaten by Hermione's pet cat Crookshanks, now Ron is really angry at Hermione and wont talk to her. Harry and the other Gryffindor teammates had to verse Ravenclaw in Quidditch. Harry saw a dementor and fainted again, dropped from 50 feet and broke his broomstick, they also lost the match, they had to win if they wanted the Trophy. Later Harry found this map called the Marauder's Map it is the map of the whole building, all the secret passages and tells where everyone is, works on invisibility cloaks also. Harry also got a Firebolt the best broomstick ever, everybody treated it like royal. But they didn't know who it was from, no card. Hermione tells Professor McGonagall that Harry got a broomstick, from someone and she took it to check it for jinxes incase it was sent by Sirius. They where both mad at her now. Harry was practicing with Professor Lupin on how to stop the dementors in case they show up in Harry's game with Ravenclaw. Harry learned the Patronus a spell which is for advanced wizards. On Harry's game against Ravenclaw he got his Firebolt back, and caught the snitch and won the game. In the Gryffindor common room there was a party. Later that night while everybody was sleeping Ron woke up with an ear shattering yell, he said he saw Sirius Black standing on his bedside with a knife! Nobody believed him at first, but then Professor McGonagall asked Sir Cadagon if he saw anyone come in and he said yeah a man, he had all the passwords.Hagrid's bird Buckbeak was going to be executed in a couple of days and Harry, Ron, and Hermione comforted him. Harry and Ron started talking again to Hermione, and she had smacked Malfoy their nemesis across the face. Harry and the team had beat Slytherin in the Quidditch final and Harry was awarded the trophy! The three kids went to Hagrid's house, to comfort him and there Ron found his rat Scabbers. They all left because Dumbledore and the executor were coming. While the three were walking under the invisibility cloak, Ron dropped Scabbers and ran for him. In the Whomping Willow Tree. There the three saw Crookshanks and the bear like dog for the 6th time. The dog took ran by his mouth and while dragging him broke his leg. Harry and Hermione found a tunnel which lead to the Shrieking Shack where no one dare goes. There they saw Crookshanks and Ron lying on the bed holding his leg. Ron told Harry that the dog is Sirius Black he's and Animagus. (the power to change into an animal and human.) Sirius was right behind Harry and with Ron's wand disarmed Harry and Hermione and talked to Harry about Harry's father and how they were friends. Suddenly Harry reached up and got his wand, and disarmed Sirius. He was pointing his wand at Sirius's chest and was about to kill him. Then suddenly Professor Remus Lupin came disarmed Harry and Hermione and picked up Sirius and held him like a brother. Harry and Hermione thought that Lupin betrayed them and helped Black into the castle, but he denied that he did that. He convinced the three kids to let him and Black tell them the truth. He said that Ron's rat Scabbers wasn't a rat it was an Animagus, by the name of Peter Pettigrew. Lupin starts his story by saying that when he was little he was bitten by a werewolf and every full moon he turned into a werewolf. But Dumbledore let Remus in his school and built the Whomping Willow and the tunnel for Remus to stay every month because he was dangerous. He was happy he had friends, Sirius Black, Peter Pettigrew, and James Potter. When Lupin's friends found out that he was a werewolf they helped him they decided to become Animagus. They also told on how Black tricked Snape into almost getting killed because he was nosy and James had then saved Snape.


Then suddenly Snape came out of the invisibility cloak he was hiding in, and disarmed everybody and tied Lupin. Snape was about to kill Black, but Harry not knowing why really stopped Snape and made him unconscious. Then Lupin took the rat from Ron did a spell on it then suddenly it turned into Peter Pettigrew. He denied everything Snape said about betraying Lily and James Potter (he was the secret keeper) and going to Lord Voldemort, and tried to put it on Black. After making Peter confess a little Lupin asked Harry if you believed him and Snape, Harry nodded his head as in yes. Then Peter confessed everything that he killed Lily and James Potter that he killed the thirteen people and blamed Black. Just about when Lupin and Sirius were about to kill Peter Harry stopped them and said this is proof to get out Black. Harry remembering Black was his godfather. They tied Peter up with Ron who couldn't walk and Snape by himself. They were almost in the castle when Lupin who didn't take his potion turned into a werewolf, and was dangerous, Black told Harry to take Ron, Hermione, and Peter, but then Peter transformed into a rat and ran away. Then the 1 dementors came the were about to kill Harry and Black who was bleeding, suddenly Harry did a Patronus that was really strong, Hermione got knocked out doing it, then while Harry was fainting he saw his dead come out of his wand and stop the dementors.Harry and Hermione woke up in the hospital in Hogwarts they saw Mr. Fudge congratulating Snape, Snape said he stopped the dementors. They found out that Sirius was going to be executed. Dumbledore came to talk Harry and Hermione saying there nothing he can do. Then he said "only if we can go back in time." That rang a bell in Hermione's ear she took Harry and put a necklace on him, as well as her, "you must not be seen" says Dumbledore. Harry is very confused. Hermione tells Harry that Professor McGonagall his given her something to go back in time, so she can do her studies, but no one should see them. They go back in the past and they had to save two innocent lives Buckbeak's and Blacks. This was going to be impossible they thought. They found Buckbeak and saw themselves going into the Whomping Willow. They waited until the executor saw Buckbeak and then they took Buckbeak. After an hour they saw themselves leaving the tunnel. Then the executor getting the dementors to kill Sirius. Then Harry and Hermione go on Buckbeak flew up to Sirius and rescued him. Then Hermione and Harry went back to the Hospital, laid down and Hermione flipped the time glass over again. They were back. Snape was furious of what happen, and Dumbledore congratulated Harry and Hermione. They told Ron what happen. Then Gryffindor won the house cup. While Harry was on the train he got a letter from Sirius, saying that he gave him the Firebolt and that he is on the run. He also gave Harry permission to go to Hogsmeade on the weekends as Sirius is his godfather. That was my book.


Sincerely,


Tarun Goyal


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