Thursday, December 26, 2019

The Woman Who Explained the Sun and Stars

Today, ask any astronomer what the Sun and other stars are made of, and youll be told, Hydrogen and helium and trace amounts of other elements. We know this through a study of sunlight, using a technique called spectroscopy. Essentially, it dissects sunlight into its component wavelengths called a spectrum. Specific characteristics in the spectrum tell astronomers what elements exist in the Suns atmosphere. We see hydrogen, helium, silicon, plus carbon, and other common metals in stars and nebulae throughout the universe.  We have this knowledge thanks to the pioneering work done by Dr. Cecelia Payne-Gaposchkin throughout her career.   The Woman Who Explained the Sun and Stars In 1925, astronomy student Cecelia Payne turned in her doctoral thesis on the topic of stellar atmospheres. One of her most important findings was that the Sun is very rich in hydrogen and helium, more so than astronomers thought. Based on that, she concluded that hydrogen is THE major constituent of all stars, making hydrogen the most abundant element in the universe. It makes sense, since the Sun and other stars fuse hydrogen in their cores to create heavier elements. As they age, stars also fuse those heavier elements to make more complex ones. This process of stellar nucleosynthesis is what populates the universe with many of the elements heavier than hydrogen and helium. Its also an important part of the evolution of stars, which Cecelia sought to understand. The idea that stars are made mostly of hydrogen seems like a very obvious thing to astronomers today, but for its time, Dr. Paynes idea was startling. One of her advisors — Henry Norris Russell — disagreed with it and demanded she take it out of her thesis defense. Later, he decided it was a great idea, published it on his own, and got the credit for the discovery. She continued to work at Harvard, but for time, because she was a woman, she received very low pay and the classes she taught werent even recognized in the course catalogs at the time.   In recent decades, the credit for her discovery and subsequent work has been restored to Dr. Payne-Gaposchkin. She is also credited with establishing that stars can be classified by their temperatures, and published more than 150 papers on stellar atmospheres, stellar spectra. She also worked with her husband, Serge I. Gaposchkin, on variable stars. She published five books, and won a number of awards. She spent her entire research career at Harvard College Observatory, eventually becoming the first woman to chair a department at Harvard. Despite successes that would have gained male astronomers at the time incredible praise and honors, she faced gender discrimination throughout much of her life. Nonetheless, she is now celebrated as a brilliant and original thinker for her contributions that changed our understanding of how stars work.   As one of the first of a group of female astronomers at Harvard, Cecelia Payne-Gaposchkin blazed a trail for women in astronomy that many cite as their own inspiration to study the stars. In 2000, a special centenary celebration of her life and science at Harvard drew astronomers from around the world to discuss her life and findings and how they changed the face of astronomy. Largely due to her work and example, as well as the example of women who were inspired by her courage and intellect, the role of women in astronomy is slowly improving, as more select it as a profession.   A Portrait of the Scientist Throughout her Life Dr. Payne-Gaposchkin was born as Cecelia Helena Payne in England on May 10, 1900. She got interested in astronomy after hearing Sir Arthur Eddington describe his experiences on an eclipse expedition in 1919. She then studied astronomy, but because she was female, she was refused a degree from Cambridge. She left England for the United States, where she studied astronomy and got her PhD from Radcliffe College (which is now a part of Harvard University).   After she received her doctorate, Dr. Payne went on to study a number of different types of stars, particularly the very brightest high luminosity stars.  Her main interest was to understand the stellar structure of the Milky Way, and she ultimately studied variable stars in our galaxy and the nearby Magellanic Clouds. Her data played a large role in determining the ways that stars are born, live, and die.   Cecelia Payne married fellow astronomer Serge Gaposchkin in 1934 and they worked together on variable stars and other targets throughout their lives. They had three children. Dr. Payne-Gaposchkin continued teaching at Harvard until 1966, and continued her research into stars with the Smithsonian Astrophysical Observatory (headquartered at Harvards Center for Astrophysics. She died in 1979.

Wednesday, December 18, 2019

Annotated Bibliography on the Prevelence of Rape in...

Greenstadt, Amy. Read It In Me: the Authors Will in Lucrece. Shakespeare Quarterly. 57.1 (Spring 2006): 45-70. JStore. Web. 18 February 2014. In this body of work, associate professor at the University of Portland, Amy Greenstadt presents a compelling argument exploring William Shakespeares precise use of words in his poem The Rape of Lucrece. Structurally, Greenstadt employs a close reading method and anchors her research findings with the confirmation of concurring academics. Initially, Greenstadt introduces her readership to an innovation taking place in the world of publication during the Renaissance, which she refers to as an era of the writers will (47). Greenstadt thus substantiates her argument by suggesting that the innovation allows the poem to stand as a model through which female subjectivity is re-evaluated (46). Subsequently, Greenstadt validates her argument by concentrating largely on words that hold a double entendre particularly with respect to the meaning of publication. This aspect of her argument acts as both the strength, but also the fragility of her assertion. Greenstadt explains Shakespeare uses th e word publish as a homonym of sorts. Pragmatically, with respect to the final stanza in the poem, Shakespeare employs the word publish to announce publically Tarquines assault on Lucrece; however, Greenstadt argues that Shakespeare inevitably also uses the word publish in the literal sense as well. As in, he is publishing a

Monday, December 9, 2019

Principle of Finance Understanding of Money

Question: Discuss about the Principle of Finance Understanding of Money. Answer: Introduction: One of the biggest cash lender in Australia was accused of charging higher interest rate and brokerage fees on short-term loans offered to borrowers. They were liable of breaching the responsible lending practice and did not comply with the legislation. Cash converter has transformed their business model in light of changing legislation. The new business model made the borrowers pay high amount of brokerage fees despite the laws of Queensland government of capping interest rate of personal loans at 48%. Such amount included upfront and brokerage fees. Customers Cash converter was alleged of charging extortionate fees and interest rates on the amount of loan provided to its clients. Customers of Queensland had to appoint broker for in order to access credit cash from lenders of the organizations. In year 2008, lending laws in Queensland changed and the organization contrived to avoid interest cap. This comprised of brokerage fees and the borrowers were required to pay additional inter est rate of 35% on total amount of loan borrowed. Charging high amount of brokerage fees was unconscionable. Lending practice adopted by Cash converter resulted vulnerable people in incurring massive amount of interest and additional fees. This was in contravention with the laws that were designed to lower down the cost of credit. The lending strategy was intended to force the borrowers to borrow repeatedly in light of excessive interest rate and fees. Brokerage fees were the main agenda of the loan proceedings and franchisee were mainly responsible for charging the fees and it was against the service that introduced the customers to their subsidiary. However, it was mentioned by company that brokerage fees charged were not against the legislation. Settlement of class action was done by Federal court and they were required to pay $23 million as principal settlement and this was reached on behalf of 37500 customers. Discussion: All the charges were recorded in the financial statements of the company but some were omitted and other was not mentioned under appropriate headings. Such incomes were recoded as income generated from advances made from short-term loans in the profit and loss statement. There was no separate mentioning of such income that needs to be shown separately and appear under the heading income generated from services. The higher interest rate along with upfront and brokerage fees charged by Cash converter was accounted in the annual report of company as interest income. There was no mention of brokerage fees in the annual report as there was need to mention about the income from such services. Brokerage fees would have been mentioned as income generated from services of franchise. Financial working of organization has been overstated by mentioning and charging the exorbitant interest rate on short-term advances by 633%. The company introduced a method where the Cash converter asked its customers to sign a number of documents and this included an early repayment election. Borrowers were asked to pay a high amount of interest rate of 145% on personal loans and 633% on cash loans (Leeks and Luck 2016). Cash converter duped and took advantage of vulnerable customers who could not afford to repay back the loan amount. Therefore, the lending practice of Cash converter is regarded as unethical as borrowers have been deceived by charging interest rate beyond capping limit set out by laws and deliberately circumvent the laws. Now, there are two ethical theories that would be used to discuss whether lending practice of the Cash converter is ethical or unethical. In this context, the two theories to be used are justice ethical theory and deontological theories. It is stated in the justice ethical principle that in order to incorporate justice ethical practice into the activities of organization, the decision makers should focus on actions that are considered fair for people who are involved in it. Unless it is possible to justify the extenuating circumstances, ethical theory should be consistent with ethical decisions. However, inconsistent decisions needs to be justified (Melden 2013). The lending practice adopted by Cash converter is regarded as unethical because it deliberately duped the customers and took advantage of vulnerable people by making them pay higher or unreasonable interest rate along with brokerage and upfront fees. Cash converter made profits by breaching the legislations and did not employ ethical practice in carrying out its business activities. Hence, lending business practice is considered as unjustifiable and unethical (Oosterveer 2015). It is stated in the deontological class of ethical theories that organizations when engaging in decision-making process should adhere to duties and obligations. According to this theory, upholding duty of an individual is considered as ethically right as it is regarded that an individual would follow his or her obligations to another society or individual. An organization would produce consistent decisions if it adheres to deontological theory as it will be based on set obligations (Ho 2015). According to this particular ethical theory, it is evident that Cash converter did not adhere and complied with established legislation and laws. Organizations are considered responsible under penalty threat if it did not adhere to responsible lending practice. The lending practice of Cash converter was in response to changed legislation that intended to take advantage of vulnerable borrowers. Moreover, organization did not practiced due care and diligence in advancing loan to customers. They di d not enquire into the suitability criteria of loans depending upon type of borrowers (Montiel and Delgado 2014). Therefore, it can be concluded that they practiced lending system that was not in financial interest of customers. Cash converter experienced regressive business growth after they practiced the lending system of charging higher interest rate. Organization failed to make reasonable enquiries into the expenses and income of customers. This was done mainly in the situation when the small amount of loan was considered unsuitable by credit legislation. An internally generated assumed benchmark was that had no relation with the real expenses of customers was applied by cash converter rather than assessing real expenses recorded in the bank statement of customers. According to circumstances of customers, small amounts of loan are considered unsuitable as they fail to assess the loan for particular customers and it was entered into breach of credit legislation subsequently (Hahn and Khnen 2013). In lieu of the class action launched by the federal court against the Cash converter, they have paid the total penalties amounting to $ 1.35 million and this was done following the infringement notices. Cash converter is required to refund of amount $ 10.8 million as fees to eligible consumers. Companies has incurred expenditure of $ 20 million by way of legal and repayment costs that would be capped at $ 3 million. In year 2013, the share price of Cash converter rose by 2.2 percent after the announcement that pay lender can make use of strategies for making profit despite the constraint imposed by legislation of customer protection laws (Banks et al. 2015). In the year 2016, there was an increase in the personal loan book of amount $ 113036461 as compared to the loan book of $ $ 119448669 in the year 2015. Loan advances increased by 34% and the organization has enough provision of cash and the estimated amount was standing at $ 5 million. Increase in the annual interest rate on short-term loan and seven month loan advances. Profit generation in financial year 2014 was recorded at $ 24.2 million as against the loss that resulted post the class action in the year 2015 and the amount stood at $ 21.5 million. The value of personal loan book fell to $ 104.5 million in the year 2015 (Slade 2015). There was a downtrend in the share price of Cash converter post the class action. Share price of organization was trading in range of $ 0.80 to $ 1.88 in the financial year 2014. The share price experienced a jump in the year 2016 as it was trading higher at 7.6% as compared to previous year. The graph below depicts share price of cash converter for a period of five years. Share price of cash converter for five years Source: created by author After the multimillion losses in the previous years, cash converter was able to generate profit due to a boom in online payday lending and due to this, there was a jump in online cash loan advance to 62% in six month and the amount stood at $ 8.2 million. The value of personal loan grew back to 42% and the amount stood at $ 44.6 million. There was a lift in the revenue of the company to $ 8,6 million as compared to $ 1.6 million in the year 2015. For the first half of financial year, cash converter reported a profit of $ 15.9 million compared to a loss generated of amount $ 5.3 million in the financial year 2014 (Cashconverters.com 2017). Embedding sustainability practices in conducting the business activities is very essential for financial institutions. Sustainability practice and Social responsibility in the financial institutions makes the provision of risk management services and financial capital that would help the organization in contributing to well-being and economic prosperity of the community or their clients. There have been an increase in the social responsibility contribution and sustainable practice in the business activities of financial institution in recent years (Eccles et al. 2014). Financial institution needs to closely identify the possible vulnerabilities for obtaining the social security. Sustainable development and special responsibility intends to determine company for establishing the goals for the long-term development of the society and their on financial interest (Bebbington et al. 2014). Social responsibility is the ethical management. It is required by financial institution to incorpor ate environmental and social concerns in the interaction with the stakeholders and their business operations. Sustainable development of economy and society helps in creating a crucial and fast growing for financial functioning instruments. Protecting the financial interest of the customers is the responsibility of financial institutions and this should be in aligned with the sustainable and social responsibility (Blewitt 2014). Social responsibility of cash converter is identical to any other financial institutions. The lending practice adopted by Cash converter was not ethical and hence not socially responsible as it deliberately took the advantage of vulnerable class of people without carrying out due diligence in the advances of loan. The business model adopted by company was not in the financial interest of customers as it made them pay exorbitant interest rate and substantially higher amount of brokerage fees on their loan amount. Responsible steps were not taken by the organization to make the verification of the income and expenses of the customers in accordance with the responsible lending obligations. Therefore, Cash converted needs to transform the business model that is in the best interest of their customers and should not force them to buy such financial products that is not suitable for them. Borrowers of loan have been posed to threat as due to charging of higher interest rate above the cap s et by legislation. Incorporation of unethical practices would hamper the growth and financial position of the company. Maximization of profits and delivering the value to shareholders should not be at the cost of their customers and it should be done by keeping the customers as their priority. Sustainability practice in financial institution is considered as business opportunity as it considered as the driver of improving the overall performance of the organization (Axelrod et al. 2014). Conclusion: Cash converter was alleged by the federal court of Australia of circumventing the legislation that set a limit of interest rate to be charged on loan advances. Due to below standard services to customers and unscrupulous lending practice, the reputation cash converter, as one of the biggest lender in Australia would be damaged. For the hampered community, it is essential for Cash converter to imbibe social responsibility and sustainability practice for economic well-being of society and communities. Addressing the sustainability challenge has become very complex in the current era and therefore, financial institutions needs to make the transformation of business model that helps in addressing them. It is necessary for organization such as Cash Converter to avoid indulging in such lending practice that would hamper and damage its reputation. Reference: Axelrod, R.S. and VanDeveer, S.D. eds., 2014.The global environment: institutions, law, and policy. CQ Press. Banks, M., Marston, G., Russell, R. and Karger, H., 2015. In a perfect world it would be great if they didn't exist: How Australians experience payday loans.International Journal of Social Welfare,24(1), pp.37-47. Bebbington, J., Unerman, J. and O'Dwyer, B., 2014.Sustainability accounting and accountability. Routledge. Blewitt, J., 2014.Understanding sustainable development. Routledge. Cashconverters.com. (2017).Annual Reports. [online] Available at: https://www.cashconverters.com/Investors/AnnualReports [Accessed 13 Apr. 2017]. Eccles, R.G., Ioannou, I. and Serafeim, G., 2014. The impact of corporate sustainability on organizational processes and performance.Management Science,60(11), pp.2835-2857. Hahn, R. and Khnen, M., 2013. Determinants of sustainability reporting: a review of results, trends, theory, and opportunities in an expanding field of research.Journal of Cleaner Production,59, pp.5-21. Ho, D., 2015. Making Ethical Progress without Ethical Theories.AMA journal of ethics,17(4), p.289. Leeks, A. and Luck, K., 2016. Queensland set for class actions: Practical issues and implications.Proctor, The,36(10), p.16. Loorbach, D. and Wijsman, K., 2013. Business transition management: exploring a new role for business in sustainability transitions.Journal of cleaner production,45, pp.20-28. Melden, A.I., 2013.Ethical theories. Read Books Ltd. Miller, T.R., 2014.Reconstructing sustainability science: Knowledge and action for a sustainable future. Routledge. Montiel, I. and Delgado-Ceballos, J., 2014. Defining and measuring corporate sustainability: Are we there yet?.Organization Environment,27(2), pp.113-139. Oosterveer, P., 2015. Promoting sustainable palm oil: viewed from a global networks and flows perspective.Journal of Cleaner Production,107, pp.146-153. Slade, B., 2015. The social value of class actions.Precedent (Sydney, NSW), (129), p.4.

Monday, December 2, 2019

Plato and Sidney Essay Example

Plato and Sidney Paper Poetry has been around for many centuries and has influenced people all over the world. In prehistoric and ancient societies, poetry was used as a way to record cultural events or to explain stories. Poetry could have been used in many different styles or techniques, and because of this, there have been discussions over what form of poetry would be best appropriate based on one’s culture or society. Two perfect examples of these controversies over the function of poetry are shown in The Republic by Plato and in The Defense of Poesy by Sir Philip Sidney. These two pieces describe the critics’ opinion over what poetry should be. Even though Plato and Sidney had different, as well as some similar, views concerning the purpose and use of poetry, these views were all based on the culture and society in which they were surrounded, as well as the time period in which they lived. Plato and Sidney were two very distinct men who each lived in completely different eras from one another. Plato was a philosopher who viewed poetry from a conservative and absolute point of view, while Sidney was more of a liberal poet who defended poetry from being banished or misused in any way. We will write a custom essay sample on Plato and Sidney specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Plato and Sidney specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Plato and Sidney specifically for you FOR ONLY $16.38 $13.9/page Hire Writer One may say that the time difference may have been a cause of their different perspectives on poetry. Plato lived in a time before Christ was born so unlike Sidney, the bible was unheard of during this era, which could have possibly changed the way he viewed poetry, since the bible reflects on poetry. Sidney lived in the Elizabethan era, which was the golden age in English history and the height of the English Renaissance, so it was during this time that the people saw the flowering of English poetry, music and literature. It was an age of exploration and expansion abroad, which more than likely because of it, could had made Sidney view poetry in its many different forms, and also more in depth than others in the past. The society and culture in which Plato and Sidney were surrounded in could not have been any more distinct. Plato grew up in the ancient Greek culture where the origins of poetry all began with the works of Homer and Hesiod and the most common ones were epic and lyric poetry as well as its drama, both comedy and tragedy. Citizens of this time based their poetry on the Greek mythology concerning their pantheon of gods and their heroes. Meanwhile, Sidney’s environment concerning poetry was very diverse. Intellectuals during that time, doubted values and beliefs from the ancient world and tried to find another way of thinking. Overall, poetry was drastically changed over time and viewed differently because of the society in which one was educated in. In The Republic, Plato states his argument against the use of poetry while in The Defense of Poesy, Sidney defends it. Plato states that â€Å"all poetical imitations are ruinous to the understanding of the hearers† in which he fiercely criticizes that the poet is ignorant of the things in which he imitates and because of it, poetry addresses itself to the lower qualities of man, with which he cannot grasp the truth (Plato 19). Even though, in his ideal state, a large part of the education of the young is based on the study of certain kinds of poetry such as â€Å"hymns to the gods and praises of famous men† (30). Sidney agrees with poetry being used to educate but primarily addresses more general objections to poetry, such as those of Plato. He states that â€Å"Plato found fault that the poets of his time filled the world with wrong opinions of the gods, making light tales of that unspotted essence, and therefore would not have the youth deprayed with such opinions† which meant that Plato was not necessarily against poetry but more against the abuse of it (Sidney 174). Plato and Sidney both find virtue to be very important, but Sidney also believed that the purpose of poetry was â€Å"to teach and delight† (169). Sidney stated that â€Å"the poet is the food for the tenderest stomachs; the poet is indeed the right popular philosopher† which meant that it did not require someone to be educated in order for one to understand what the poet was implying in his stories (170). The essence of Sidney’s defense was that poetry, by combining the liveliness of history with the ethical focus of philosophy, was more effective than either history or philosophy in rousing its readers to virtue. On the other hand, Plato believed that the primary purpose of poetry was to educate alone. He believed that if delight intervened, that the citizens would â€Å"be ready to imitate anything, not as a joke, but in right good earnest, and before a large company† which implied that poetry could not be imitated because if done so, one could become what one imitated in real life (Plato 16). Poetry is an ancient form that has gone through numerous and drastic reinvention. It has come to show that over time, a changing culture has the power to change the meaning of a word. Plato definitely deprives poetry of its freedom while Sidney just wanted to set it free. Today, poetry has a different meaning and function than what it was during Plato’s and Sidney’s time. Poets often borrow styles, techniques, and forms from diverse cultures and languages. The poet can borrow a notion of pictures and create a story and by that use poetry as a tool for educating and to use it as a service to the public, trying to make people better. Works Cited Plato. â€Å"The Republic. † Dramatic Theory and Criticism. Comp. and ed. Bernard F. Dukore. New York: Holt, Rhinehart and Winston, 1974. 12 – 31. Sidney, Philip. â€Å"The Defense of Poesy. † Apology for Poetry. Comp. and ed. Albert S. Cook. Boston: Ginn amp; Co. , 1890. 168-177