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:  ? (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:  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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