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Friday, January 24, 2020

World Language Policy Essay example -- Globalization Localization Lang

Globalization, Localization, and Language Choice In Britain they used to call a barometer a ?glass.? One would visit the ?glass? in the morning in order to get a sense of what the weather would be for the day. It was of course a rather chancy business, not least because on the average day in Britain you have a little of everything anyway. The poet Louis MacNeice caught the sentiment in a wellknown poem about impending doom: The glass is falling hour by hour, the glass will fall for ever, But if you break the bloody glass you won?t hold up the weather. Perhaps the least observed phenomenon in the global system is language. Because it is so basic to human communication, we are apt to regard it simply as an unchangeable part of the communication process itself ? a kind of natural phenomenon as ordinary and ineluctable as weather. In fact, language is a social institution of enormous importance, and one over which we have a great deal of control (Edwards 1994, Tonkin 2003a). Human utterances are elective: we can either make them or not make them, and we are potentially capable of making these utterances in any language. Since language is fundamental to human social interaction, we begin by choosing our utterances in accordance with the code that we are born into: language is a form of human behavior, and we learn to talk through the need and the desire to participate in the community of which we are a part. Thus the language that we use also has symbolic value: it is a marker of our identity and it reinforces our sense of belonging. But it is an accident of geography or economics that we learn one language or another, that we are born into one speech community rather than another. Within that community, we lear... ...Werner, ed. 1998. Multilingual America: Transnationalism, Ethnicity, and the Languages of American Literature. New York: New York University Press. Tonkin, Humphrey. 2003a. Language and Society. New York: American Forum for Global Education. Tonkin, Humphrey. 2003b. The search for a global linguistic strategy. In Jacques Maurais & Michael A. Morris. Languages in a Globalising World. Cambridge: Cambridge University Press. 319-333. Tonkin, Humphrey. 2004. Language equality in international relations. In Lee Chong-Yeong & Liu Haitao, ed. Towards a New International Language Order. Rotterdam: Universal Esperanto Association. 96-105. Tonkin, Humphrey & Timothy Reagan, ed. 2003. Language in the 21st Century. Amsterdam: Benjamins. Wright, Sue. 2004. Language Policy and Language Planning: From Nationalism to Globalisation. Basingstoke & New York: Palgrave Macmillan.

Thursday, January 16, 2020

Abc Acquitsion

Corporate  Valuation Problem  Set  2 Dr. Zacharias  Sautner If  no  information  about  the  premium  has  been  given  in  the  questions  below,  you   can  use  the  data  form  the  following  table: Arithmetic  average      Geometric  Average            Stocks  ? Stocks  ? Stocks  ? Stocks  ? Historical  Period   T. Bills      T. Bonds   T. Bills      T. Bonds   1928? 2004      7. 92%      6. 53%      6. 02%      4. 84%   1964? 2004      5. 82%      4. 34%      4. 59%      3. 47%   1994? 2004      8. 60%      5. 82%      6. 85%      4. 51%      For  a  long? term  investor  the  geometric  average  with  treasury  bonds  (4. 4%)  is  used. For  a  short? term  investor  the  arithmetic  average  with  treasury  bills  (7. 92%)  is  used. In  both  cases  the  longest  possible  period  is  taken. Solutions 1. In  December  1995,  Boise  Cascade’s  stock  had  a  beta  of  0. 95. The  treasury  bill   rate  at  the  time  was  5. 8%,  and  the  treasury  bond  rate  was  6. 4%. The  firm  had   debt  outstanding  of  $1. 7  billion  and  a  market  value  of  equity  of  $1. 5  billion;   the  corporate  marginal  tax  rate  was  36%. a. Estimate  the  expected  return  on  the  stock  for  a  short  term  investor  in   the  company. b.Estimate  the  expected  return  on  the  stock  for  a  long? term  investor  in   the  company. c. Estimate  the  cost  of  equity  for  the  company. a. We  use  the  CAPM:   The  Expected  Return  on  the  stock  =  0. 058  +  0. 95(0. 0792)  =  0. 1332  =  13. 32%   Since  the  investor  is  a  short? term  investor,  we  use  the  T? bill  rate,  and  the  arithmetic   mean. Since  the  focus  is  short? term,  we  don’t  need  to  take  compounding  into account. 1 b. For  a  long? term  investor,  we  would  use  the  T? bond  rate,  and  the  geometric  mean:   The  expected  return  =  0. 064  +  0. 95(0. 0484)  =  0. 1  or  11%,  where  4. 84%  is  used  as   the  estimate  of  the  market  risk  premium,  since  that  is  the  geometric  average  of  the   market  premium  using  the  long? term  T? bond  rate  as  the  riskfree  rate. c. The  cost  of  equity  for  the  company  is  more  appropriately  the  long? term  required   rate  of  return,  since  most  projects  for  the  company  would  be  long? term. 2. Boise  Cascade  had  debt  outstanding  of   $1. 7  billion  and  had  a  market  value  of   equity  of  $1. 5  billion;  the  corporate  marginal  tax  rate  was  36%. a. Assuming   that   the   current   beta   of   0. 5   for   the   stock   is   a   reasonable   one,  estimate  the  unlevered  beta  for  the  company. b. How   much   of   the   risk   in   the   company   can   be   attributed   to   business   risk  and  much  to  financial  leverage? c. a. The  levered  beta  of  the  company  is  given  by  formula:  Ã‚   ? (levered)= (unlevered)(1+(1-tax rate)(D/E)) Solving, we get ? unlevered = 0. 95/(1+(1-0. 36)(1. 7/1. 5)) = 0. 55 b. The  proportion  of  the  risk  of  the  firm’s  equity  that  can  be  attributed  to  business   risk  is  0. 55/0. 95  =  58%,  while  the  remainder  is  due  to  financial  leverage  r isk. 3.Genting   Berhard   is   a   Malaysian   conglomerate,   with   holdings   in   plantations   and  tourist  resorts. The  beta  estimated  for  the  firm,  relative  to  the  Malaysian   stock   exchange,   is   1. 15,   and   the   long? term   government   borrowing   rate   in   Malaysia  is  11. 5%. (Malaysian  risk  premium  is  12%). a. Estimate  the  expected  return  on  the  stock. b. If   you   were   an   international   investor,   what   concerns,   if   any,   would   you   have   about   using   the   beta   estimated   relative   to   the   Malaysian index? If  you  do,  how  would  you  modify  the  beta? . The  expected  return  on  the  stock,  assuming  that  the  marginal  investor  is  a   Malaysian  with  primarily  domestic  holdings  is  0. 115  +  1. 15(0. 12)   =  25. 30%,  using   the  risk  premium  based  on  country  risk  provided  by  ratings  agencies. b. For  an  international  investor,  who  has  the  ability  to  diversify  globally,  some  of   the  risk  might  be  diversifiable,  and  hence  the  true  beta  might  be  lower. To  take   care  of  this  possible  overstatement,  it  would  be  appropriate  to  compute  a  beta   relative  to  a  more  global  index,  such  as  the  Morgan  Stanley  Capital  Index. . You  have  just  done  a  regression  of  monthly  stock  returns  of  Heavy  Tech  Inc. ,   a  manufacturer  of  heavy  machinery,  on  monthly  market  returns  over  the  last   five  years  and  come  up  with  the  following  regression:  Ã‚   RHeavyTech=0. 5%+1. 2RM 2 The  variance  of  the  stock  is  50%,  and  the  variance  of  the  market  is  20%. The   current  T. bill  rate  is  3%. (It  was  5%  one  year  ago). The  stock  is  currently  selling   for  $50,  down  $4  over  the  last  year,  and  has  paid  a  dividend  of  $2  during  the   last  year  and  expects  to  pay  a  dividend  of  $2. 50  over  the  next  year.The  New   York  Stock  Exchange  (NYSE)  composite  has  gone  down  8%  over  the  last  year,   with  a  dividend  yield  of  3%. HeavyTech  Inc. has  a  tax  rate  of  40%. a. What  is  the  expected  return  on  HeavyTech  over  the  next  year? b. What  would  you  expect  HeavyTech’s  price  to  be  one  year  from  today? c. What  would  you  have  expected  HeavyTech’s  stock  returns  to  be  over   the  las t  year? d. What  were  the  actual  returns  on  HeavyTech  over  the  last  year? e. HeavyTech  has  $100  million  in  equity  and  $50  million  in  debt. It  plans   to   issue   $50   million   in   new   equity   and   retire   $50   million   in   debt. Estimate  the  new  beta.

Wednesday, January 8, 2020

Classroom Discipline And Management Literature Review

Classroom discipline and management literature review Introduction It is a fact that classroom management and discipline has always been a challenge to pre-service teachers as they do not know and have not acquired the necessary skills to deal with unruly learners effectively. Often so, teachers in service use strategies that are incorrect or rather unacceptable; whether this is done intentionally or under certain desperation to gain control and respect of the learners. It is prevalent across the globe. Although the South African system has used corporal punishment for many years to maintain discipline and management in the classroom; there have always been other alternative ways which are effective and better as opposed to the harsh way of discipline. The Constitution of South Africa specifically banned the use of this harsh treatment because of the awareness that children are vulnerable and defenceless; therefore they are the ones who are at risk of being victims of crime, beatings and psychological trauma that are an ultimate result of being bull ied by adults. My claim is that strategies used to maintain classrooms in public schools are not acceptable if they cause a negative effect to the development of our children. And I will argue that there are other alternatives that could be used to make sure that the classes run smooth and without causing any intimidation to either the learners or teachers in this industry, as the South African Journal of Education mentions thatShow MoreRelatedAmerican Educational System1220 Words   |  5 PagesName: Monroe, C.R., Obidah, J.E. (2004). The influence of cultural synchronization on a teacher’s perceptions of disruption. A case study of an African American middle- school classroom. 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