Essay on A Stable Economy is the Foundation of a Country

The Economy is the foundation that either makes a nation such as, the United States of America have a solid ground, with strong reinforcement which is a great way to keep us thriving. Or, it can be just the opposite of that something that can break us. But really what makes the economy the way it is? It can be the Government, the people, or something that magically seems to appear. Every aspect takes part into making the economy great or poor. But where does it start, simply put, it starts with us, the people. We managed to produce a great economy from the beginning of time when the world had a new face to finance and resources. But, now as stats and graphs show the economy change over time actually changes for the worst. We see the†¦show more content†¦With people being our secondary topic in the world of understanding the economy. We are a great example because, our population increases every single day by the thousands, and as we grow in the numbers the time shortens on h ow many more people will be become of our nation. Seen as the â€Å"hockey stick effect† by Chris Martenson (ch.3) Deriving off of our fast pacing growth we need to be aware that we may have a fixed set of resources, extra persons equal more oil and land to be ruined to accommodate our every changing economy which puts out a burden on what we are doing to our water and the animals. In Chapter five, of Chris Martensons video series he talks about â€Å"growth and prosperity† and how they don’t equal or balance off each other but instead they balance of surplus. In lament terms growth is more of a product that supports what you deposit is what will become deposited for you. What you can and will give will be what you ultimately receive return, by investing, and this has much to do with money, even though it shows people take their money in high regards, whether they have a little or a lot not to many people are willing to give up their beloved green. Because as C hris Martenson states â€Å"money is a claim on human labor† (Ch. 6) The average American works hard for their money and many, mainly middle class, has to decide if they would rather try to keep a safe comfortable living situation for their family orShow MoreRelatedHow Companies Maximize Profits1591 Words   |  6 Pagestrade cycles, general price level, employment and income, economic growth, and supply and demand. Economics consists of macroeconomics and microeconomics. The former analyses national economy and offers knowledge about the business environment (Samuelson Nordhaus 2010, p.5). Macroeconomics centres on the overall economy rather than the fine specifics (Arnold 2011, p.). Here, there are a number of models that explain the relationship between international finance, international trade, investment, savingsRead MoreThe Microcredit Foundation of India and Poverty in India1155 Words   |  5 PagesThe Microcredit Foundation of India is a non- profit organization, and effective tool for alleviating poverty. The Microcredit Foundation has its base located in southern rural India. Microcredit works with just about everyone who needs their help; however their focus is women. Microcredit presents the women of rural communities with the opportunity to start a business. The services of micro credit are dedicated to creating a better stable economy, opportunities in the establishment of medi um sizedRead MoreMechanism Behind The Foundation Of Bretton Woods System1693 Words   |  7 PagesIntroduction The main purpose of this essay is to analyse the mechanism behind the foundation of Bretton Woods system and how this system worked from 1944 to 1973. 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Governments which cater to their citizen’s will and needs receive their support. This is theRead MoreThe Effects of Globalization on US Society and Economy Essay1359 Words   |  6 PagesGlobalization can be seen as a process in which societies around the world come together and expand through the combination of different forces. This paper will explore the effects of globalization on US companies, US society and economy, and the implications for other countries in the post-industrial world. How it All Started As Thomas Friedman explains in his book â€Å"The World is Flat†, globalization started â€Å"when Columbus set sail, opening trade between the Old World and the New World.† AfterwardsRead MoreForms of Government Essay1104 Words   |  5 Pagesgovernment is to consider this: which form of government provides the most stability for the state? The stability of the state is based upon the foundation of the government. Shaky foundations lead to short-lived or miserable nations. Governments based upon religion, birthrights, or one man generally do not have solid foundations. The greatest foundation a government can have is the support of its citizens. Governments which cater to their citizen’s will and needs receive their support. This is theRead MoreGovernment As A Market Economy1386 Words   |  6 Pagesrole of government in a market economy? Do you think government should intervene in a market economic system? Why? Explain. The government plays a critical role in a market economy, for it establishes the strategies of providing key services, redistribution, regulation and subdivision. Concerning provision, the government plays the role of providing public goods and services such as national security, which is imperative for a stable economy. Within the American economy for example, the Lorenz curveRead MoreBusiness and Economic Strategies in Taiwan Essay1537 Words   |  7 Pagesfrom 1970s to Present Taiwan has grown over the last half century from a poverty stricken nation to an economically-stable country and this has seriously caught the attention of some developed western countries. The country has had one of the largest populations lavishing in poverty over the years but through hard work from its people as well as the government’s commitment, its economy boasts as one of the fastest growing not only in Asia, but also globally. To achieve this economic and business growth

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Theme of Isolation in The Awakening Essays - 787 Words

Theme of Isolation in The Awakening One theme apparent in Kate Chopins novel, The Awakening, is the consequence of solitude when independence is chosen over conformity. The novels protagonist, Edna Pontellier, is faced with this consequence after she embarks on a journey of self-discovery. As Ednas ability to express herself grows, the number of people who can understand her newfound language shrinks (Ward 3). Ednas awakening from a conforming, Victorian wife and mother, into an emotional and sexual woman takes place through the use of self-expression in three forms: emotional language, art, and physical passion. The first form of self-expression Edna learns is the emotional language spoken by the Creole†¦show more content†¦Chopin notes, Perhaps it was the first time she was ready, perhaps the first time her being was tempered to take an impress of the abiding truth (699). Mlle. Reisz feels the music is a mode of communication between Edna and herself. This prompts her to tell Edna during a party, You are the only one worth playing for (Chopin 700). The music calls to something within Edna, which further wakes her from the slumber of domesticity. As Edna realizes the expressive nature of music, she wants to apply this expression to her painting. She seeks the encouragement of her first teacher of expression, Madame Ratignolle, hoping her kind words will help her put her heart into her venture (Chopin 723). When Edna surrendered to the service of art her husband noted, she was not herself. That is, he could not see the she was becoming herself (Chopin 724). Self-expressio n through art progresses Edna in her new sense of self, but one more form must be learned to complete her transformation. Lastly, Edna explores self-expression in her own physical passion. Her romantic relationships with Alcee and, most importantly, Robert, give her the means to express love and passion she had preciously repressed. When Edna first explores these sexual feelings she, as Davis states, succumbs to the seductions of a rouà ©, Alcee Arobin, withoutShow MoreRelated Theme of Isolation in Gilman’s The Yellow Wallpaper, Steinbeck’s The Chrysanthemums and Chopin’s The Awakening1619 Words   |  7 PagesDespite differing story lines, Charlotte Gilman’s The Yellow Wallpaper, John Steinbeck’s The Chrysanthemums and Kate Chopin’s The Awakening, depict the same suffering; the isolation that women have been forced to endure throughout history. In the time period that all three characters were placed, it was culturally acceptable for wives to be dominated by their husbands; their responsibility revolving around the needs of their children and those of the ir spouse. Most women simply did not have a meansRead MoreEssay about The Awakening1491 Words   |  6 Pages The Awakening nbsp;nbsp;nbsp;nbsp;nbsp;The novel, The Awakening by Kate Chopin, was written in the late nineteenth century in St. Louis after her husband Oscar died of a severe illness. Her book appeared in 1899, after she was idolized by many novels written by Darwin and Sarah Orne Jewett. Her first attempts at writing were just brief sketches for a local newspaper that was only short descriptions of her life in Louisiana. However, Chopin’s interests had always run along more risky linesRead MoreAnalysis Of `` Cathedral `` By Raymond Carver920 Words   |  4 Pagesperspective opens a clear window into the feelings, attitudes, and the isolation of the unnamed narrator. The narrator’s tone of voice reveals his feelings and personality. This contributes to the story’s themes because the reader comes to understand things that the narrator never directly or deliberately reveals; as a result, the reader comes to empathize with the narrator more deeply. Isolation and loneliness are prevalent themes in â€Å"Cathedral†. Appropriately, the narrator is insular and narrow-mindedRead MoreThe Awakening By Kate Chopin954 Words   |  4 Pagesworks as a method to rebel against the Industrial Revolution. Among the most important pieces of this period I consider The Awakening written by Kate Chopin as a Romantic novel. Even though it has been a subject of debate among critics on whether to consider it as a Romantic or Realistic novel, I still believe it represents more Romantic ideologies and concerns. The Awakening narrates the difficult journey of the main character named Edna Pontellier, a twenty-eight years old woman, and her constantRead MoreThoreau’s Journey: Problem, Need, Lifestyle, and Revelation Essay1287 Words   |  6 Pagesliving in a cabin near Walden Pond is considered a seminal work of early American transcendentalism. Thoreau never explicitly reveals the spiritual truth at the end of his journey. Still, a discerning Christian reader can note the main transcendental themes and ideals that Thoreau demonstrates, separating that which should be applauded from that which should be rejected. Thoreau sees mankind’s self-alienation as the fundamental problem in society. In the opening chapter of the book, â€Å"Economy,† ThoreauRead MoreMajor Works Data Sheet: the Awakening by Kate Chopin1444 Words   |  6 PagesIB English HL Major Works Data Sheet: The Awakening | | |Author: Kate Chopin Year of publication: 1899 | | | | Read More Epiphany in Araby of James Joyces Dubliners Essay848 Words   |  4 Pagesunderstand him. Araby is centered on an epiphany, and is concerned with a failure or deception, which results in realization and disillusionment. The meaning is revealed in a young boys psychic journey from love to despair and disappointment, and the theme is found in the boys discovery of the discrepancy between the real and the ideal in life.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   The story opens with a description of North Richmond Street, a blind, cold ... .. silent street where the houses gazed at one an-other withRead MoreModernism and Existential Loneliness Demonstrated in Joseph Conrads Heart of Darkness and James Joyces The Dead855 Words   |  4 PagesConrad and Joyce incorporate one of the key characteristics of modernism throughout their works, Conrad in Heart of Darkness and Joyce in The Dead. The key characteristic that each writer targets in on is existential loneliness. It is a predominant theme throughout both of their works. A working definition of existential loneliness as illustrated throughout Conrad and Joyce’s works is the inability of one character to feel accepted by his or her peers, regardless of the close proximities that he orRead MoreThe Awakening: My Critical Essay2618 Words   |  11 Pagesthe novel is The Awakening by Kate Chopin. Setting and its Significance The Awakening is set in New Orleans at the end of the Victorian era. The significance of the novel being set in the Victorian era is the way women are treated and looked at. For a typical Victorian woman, she was expected to be faithful and do what the husband desires, take care of the children, and basically be entertainment for man. If affects the novel because the main character will go through awakenings that will challengeRead MoreGood Country People, by Flannery OConnor1499 Words   |  6 Pagesis conned by Manley Pointer and left immobile in the loft of a barn deep within a forest. Besides being a bildungsroman, O’Connor also incorporates themes of the Modernist movement into this short work such as isolation, alienation, loss of control, and incoherence of the modern world. O’Connor designed the character of Joy to encompass the isolation of the Modernist movement.To distinguish and remove herself from the people around her, Joy seeks a PhD in Philosophy thus creating an educational barrier

CBA Israel-Palestine Conflict - 688 Words

The most essential reasons behind the Israel-Palestine conflict were geocultural factors. These factors contributed greatly to the contentious argument between both groups because with the geocultural perspective, the religious tensions between Muslims and Jews have resulted in the problematic issue over the holy structures in Jerusalem. The second most contributing factors in the Israel-Palestine conflict were psychological factors. These were the second greatest factors that started the dispute because with the psychological perspective, the aftereffects of the holocaust have traumatized the remaining Jews and also the Palestinian refugees losing their homeland. The conflict takes place in the Middle East, holy land of Jerusalem and officially started from 1948 and ongoing. The average person in Israel is a wealthy Jew and the typical Palestinian is an impoverished Muslim. The forced migration of Palestinian refugees and military checkpoints are disadvantages towards Palestine and are huge advantages to the Israelis. According to the â€Å"Excerpts from the Torah, Genesis 28:13-16†, states the Lord giving land to Jacob and his â€Å"offspring† and reminds Jacob that he â€Å"will not leave until he has done what he promised†. This is important because the geocultural social science perspective, Abraham’s descendants inherits the holy land which is the Kingdom of David in modern Israel. Israel’s flag consists of the Star of David and two rivers; Euphrates and Nile which symbolizes the

Twilight 2. OPEN BOOK Free Essays

The next day was better†¦ and worse. It was better because it wasn’t raining yet, though the clouds were dense and opaque. It was easier because I knew what to expect of my day. We will write a custom essay sample on Twilight 2. OPEN BOOK or any similar topic only for you Order Now Mike came to sit by me in English, and walked me to my next class, with Chess Club Eric glaring at him all the while; that was nattering. People didn’t look at me quite as much as they had yesterday. I sat with a big group at lunch that included Mike, Eric, Jessica, and several other people whose names and faces I now remembered. I began to feel like I was treading water, instead of drowning in it. It was worse because I was tired; I still couldn’t sleep with the wind echoing around the house. It was worse because Mr. Varner called on me in Trig when my hand wasn’t raised and I had the wrong answer. It was miserable because I had to play volleyball, and the one time I didn’t cringe out of the way of the ball, I hit my teammate in the head with it. And it was worse because Edward Cullen wasn’t in school at all. All morning I was dreading lunch, fearing his bizarre glares. Part of me wanted to confront him and demand to know what his problem was. While I was lying sleepless in my bed, I even imagined what I would say. But I knew myself too well to think I would really have the guts to do it. I made the Cowardly Lion look like the terminator. But when I walked into the cafeteria with Jessica – trying to keep my eyes from sweeping the place for him, and failing entirely – I saw that his four siblings of sorts were sitting together at the same table, and he was not with them. Mike intercepted us and steered us to his table. Jessica seemed elated by the attention, and her friends quickly joined us. But as I tried to listen to their easy chatter, I was terribly uncomfortable, waiting nervously for the moment he would arrive. I hoped that he would simply ignore me when he came, and prove my suspicions false. He didn’t come, and as time passed I grew more and more tense. I walked to Biology with more confidence when, by the end of lunch, he still hadn’t showed. Mike, who was taking on the qualities of a golden retriever, walked faithfully by my side to class. I held my breath at the door, but Edward Cullen wasn’t there, either. I exhaled and went to my seat. Mike followed, talking about an upcoming trip to the beach. He lingered by my desk till the bell rang. Then he smiled at me wistfully and went to sit by a girl with braces and a bad perm. It looked like I was going to have to do something about Mike, and it wouldn’t be easy. In a town like this, where everyone lived on top of everyone else, diplomacy was essential. I had never been enormously tactful; I had no practice dealing with overly friendly boys. I was relieved that I had the desk to myself, that Edward was absent. I told myself that repeatedly. But I couldn’t get rid of the nagging suspicion that I was the reason he wasn’t there. It was ridiculous, and egotistical, to think that I could affect anyone that strongly. It was impossible. And yet I couldn’t stop worrying that it was true. When the school day was finally done, and the blush was fading out of my cheeks from the volleyball incident, I changed quickly back into my jeans and navy blue sweater. I hurried from the girls’ locker room, pleased to find that I had successfully evaded my retriever friend for the moment. I walked swiftly out to the parking lot. It was crowded now with fleeing students. I got in my truck and dug through my bag to make sure I had what I needed. Last night I’d discovered that Charlie couldn’t cook much besides fried eggs and bacon. So I requested that I be assigned kitchen detail for the duration of my stay. He was willing enough to hand over the keys to the banquet hall. I also found out that he had no food in the house. So I had my shopping list and the cash from the jar in the cupboard labeled FOOD, MONEY, and I was on my way to the Thriftway. I gunned my deafening engine to life, ignoring the heads that turned in my direction, and backed carefully into a place in the line of cars that were waiting to exit the parking lot. As I waited, trying to pretend that the earsplitting rumble was coming from someone else’s car, I saw the two Cullens and the Hale twins getting into their car. It was the shiny new Volvo. Of course. I hadn’t noticed their clothes before – I’d been too mesmerized by their faces. Now that I looked, it was obvious that they were all dressed exceptionally well; simply, but in clothes that subtly hinted at designer origins. With their remarkable good looks, the style with which they carried themselves, they could have worn dishrags and pulled it off. It seemed excessive for them to have both looks and money. But as far as I could tell, life worked that way most of the time. It didn’t look as if it bought them any acceptance here. No, I didn’t fully believe that. The isolation must be their desire; I couldn’t imagine any door that wouldn’t be opened by that degree of beauty. They looked at my noisy truck as I passed them, just like everyone else. I kept my eyes straight forward and was relieved when I finally was free of the school grounds. The Thriftway was not far from the school, just a few streets south, off the highway. It was nice to be inside the supermarket; it felt normal. I did the shopping at home, and I fell into the pattern of the familiar task gladly. The store was big enough inside that I couldn’t hear the tapping of the rain on the roof to remind me where I was. When I got home, I unloaded all the groceries, stuffing them in wherever I could find an open space. I hoped Charlie wouldn’t mind. I wrapped potatoes in foil and stuck them in the oven to bake, covered a steak in marinade and balanced it on top of a carton of eggs in the fridge. When I was finished with that, I took my book bag upstairs. Before starting my homework, I changed into a pair of dry sweats, pulled my damp hair up into a pony-tail, and checked my e-mail for the first time. I had three messages. â€Å"Bella,† my mom wrote†¦ Write me as soon as you get in. Tell me how your flight was. Is it raining? I miss you already. I’m almost finished packing for Florida, but I can’t find my pink blouse. Do you know where I put it? Phil says hi. Mom. I sighed and went to the next. It was sent eight hours after the first. â€Å"Bella,† she wrote†¦ Why haven’t you e-mailed me yet? What are you waiting for? Mom. The last was from this morning. Isabella, If I haven’t heard from you by 5:30 p.m. today I’m calling Charlie. I checked the clock. I still had an hour, but my mom was well known for jumping the gun. Mom, Calm down. I’m writing right now. Don’t do anything rash.Bella. I sent that, and began again. Mom, Everything is great. Of course it’s raining. I was waiting for something to write about. School isn’t bad, just a little repetitive. I met some nice kids who sit by me at lunch. Your blouse is at the dry cleaners – you were supposed to pick it up Friday. Charlie bought me a truck, can you believe it? I love it. It’s old, but really sturdy, which is good, you know, for me. I miss you, too. I’ll write again soon, but I’m not going to check my e-mail every five minutes. Relax, breathe. I love you. Bella. I had decided to read Wuthering Heights – the novel we were currently studying in English – yet again for the fun of it, and that’s what I was doing when Charlie came home. I’d lost track of the time, and I hurried downstairs to take the potatoes out and put the steak in to broil. â€Å"Bella?† my father called out when he heard me on the stairs. Who else? I thought to myself. â€Å"Hey, Dad, welcome home.† â€Å"Thanks.† He hung up his gun belt and stepped out of his boots as I bustled about the kitchen. As far as I was aware, he’d never shot the gun on the job. But he kept it ready. When I came here as a child, he would always remove the bullets as soon as he walked in the door. I guess he considered me old enough now not to shoot myself by accident, and not depressed enough to shoot myself on purpose. â€Å"What’s for dinner?† he asked warily. My mother was an imaginative cook, and her experiments weren’t always edible. I was surprised, and sad, that he seemed to remember that far back. â€Å"Steak and potatoes,† I answered, and he looked relieved. He seemed to feel awkward standing in the kitchen doing nothing; he lumbered into the living room to watch TV while I worked. We were both more comfortable that way. I made a salad while the steaks cooked, and set the table. I called him in when dinner was ready, and he sniffed appreciatively as he walked into the room. â€Å"Smells good, Bell.† â€Å"Thanks.† We ate in silence for a few minutes. It wasn’t uncomfortable. Neither of us was bothered by the quiet. In some ways, we were well suited for living together. â€Å"So, how did you like school? Have you made any friends?† he asked as he was taking seconds. â€Å"Well, I have a few classes with a girl named Jessica. I sit with her friends at lunch. And there’s this boy, Mike, who’s very friendly.Everybody seems pretty nice.† With one outstanding exception. â€Å"That must be Mike Newton. Nice kid – nice family. His dad owns the sporting goods store just outside of town. He makes a good living off all the backpackers who come through here.† â€Å"Do you know the Cullen family?† I asked hesitantly. â€Å"Dr. Cullen’s family? Sure. Dr. Cullen’s a great man.† â€Å"They†¦ the kids†¦ are a little different. They don’t seem to fit in very well at school.† Charlie surprised me by looking angry. â€Å"People in this town,† he muttered. â€Å"Dr. Cullen is a brilliant surgeon who could probably work in any hospital in the world, make ten times the salary he gets here,† he continued, getting louder. â€Å"We’re lucky to have him – lucky that his wife wanted to live in a small town. He’s an asset to the community, and all of those kids are well behaved and polite. I had my doubts, when they first moved in, with all those adopted teenagers. I thought we might have some problems with them. But they’re all very mature – I haven’t had one speck of trouble from any of them. That’s more than I can say for the children of some folks who have lived in this town for generations. And they stick together the way a family should – camping trips every other weekend†¦ Just because they’re newcomers, people have to talk.† It was the longest speech I’d ever heard Charlie make. He must feel strongly about whatever people were saying. I backpedaled. â€Å"They seemed nice enough to me. I just noticed they kept to themselves. They’re all very attractive,† I added, trying to be more complimentary. â€Å"You should see the doctor,† Charlie said, laughing. â€Å"It’s a good thing he’s happily married. A lot of the nurses at the hospital have a hard time concentrating on their work with him around.† We lapsed back into silence as we finished eating. He cleared the table while I started on the dishes. He went back to the TV, and after I finished washing the dishes by hand – no dishwasher – I went upstairs unwillingly to work on my math homework. I could feel a tradition in the making.That night it was finally quiet. I fell asleep quickly, exhausted. The rest of the week was uneventful. I got used to the routine of my classes. By Friday I was able to recognize, if not name, almost all the students at school. In Gym, the kids on my team learned not to pass me the ball and to step quickly in front of me if the other team tried to take advantage of my weakness. I happily stayed out of their way. Edward Cullen didn’t come back to school. Every day, I watched anxiously until the rest of the Cullens entered the cafeteria without him. Then I could relax and join in the lunchtime conversation. Mostly it centered around a trip to the La Push Ocean Park in two weeks that Mike was putting together. I was invited, and I had agreed to go, more out of politeness than desire. Beaches should be hot and dry. By Friday I was perfectly comfortable entering my Biology class, no longer worried that Edward would be there. For all I knew, he had dropped out of school. I tried not to think about him, but I couldn’t totally suppress the worry that I was responsible for his continued absence, ridiculous as it seemed. My first weekend in Forks passed without incident. Charlie, unused to spending time in the usually empty house, worked most of the weekend. I cleaned the house, got ahead on my homework, and wrote my mom more bogusly cheerful e-mail. I did drive to the library Saturday, but it was so poorly stocked that I didn’t bother to get a card; I would have to make a date to visit Olympia or Seattle soon and find a good bookstore. I wondered idly what kind of gas mileage the truck got†¦ and shuddered at the thought. The rain stayed soft over the weekend, quiet, so I was able to sleep well. People greeted me in the parking lot Monday morning. I didn’t know all their names, but I waved back and smiled at everyone. It was colder this morning, but happily not raining. In English, Mike took his accustomed seat by my side. We had a pop quiz on Wuthering Heights. It was straightforward, very easy. All in all, I was feeling a lot more comfortable than I had thought I would feel by this point. More comfortable than I had ever expected to feel here. When we walked out of class, the air was full of swirling bits of white. I could hear people shouting excitedly to each other. The wind bit at my cheeks, my nose. â€Å"Wow,† Mike said. â€Å"It’s snowing.† I looked at the little cotton fluffs that were building up along the sidewalk and swirling erratically past my face. â€Å"Ew.† Snow. There went my good day. He looked surprised. â€Å"Don’t you like snow?† â€Å"No. That means it’s too cold for rain.† Obviously. â€Å"Besides, I thought it was supposed to come down in flakes – you know, each one unique and all that. These just look like the ends of Q-tips.† â€Å"Haven’t you ever seen snow fall before?† he asked incredulously. â€Å"Sure I have.† I paused. â€Å"On TV.† Mike laughed. And then a big, squishy ball of dripping snow smacked into the back of his head. We both turned to see where it came from. I had my suspicions about Eric, who was walking away, his back toward us – in the wrong direction for his next class. Mike appatently had the same notion. He bent over and began scraping together a pile of the white mush. â€Å"I’ll see you at lunch, okay?† I kept walking as I spoke. â€Å"Once people start throwing wet stuff, I go inside.† He just nodded, his eyes on Eric’s retreating figure. Throughout the morning, everyone chattered excitedly about the snow; apparently it was the first snowfall of the new year. I kept my mouth shut. Sure, it was drier than rain – until it melted in your socks. I walked alertly to the cafeteria with Jessica after Spanish. Mush balls were flying everywhere. I kept a binder in my hands, ready to use it as a shield if necessary. Jessica thought I was hilarious, but something in my expression kept her from lobbing a snowball at me herself. Mike caught up to us as we walked in the doors, laughing, with ice melting the spikes in his hair. He and Jessica were talking animatedly about the snow fight as we got in line to buy food. I glanced toward that table in the corner out of habit. And then I froze where I stood. There were five people at the table. Jessica pulled on my arm. â€Å"Hello? Bella? What do you want?† I looked down; my ears were hot. I had no reason to feel self-conscious, I reminded myself. I hadn’t done anything wrong. â€Å"What’s with Bella?† Mike asked Jessica. â€Å"Nothing,† I answered. â€Å"I’ll just get a soda today.† I caught up to the end of the line. â€Å"Aren’t you hungry?† Jessica asked. â€Å"Actually, I feel a little sick,† I said, my eyes still on the floor. I waited for them to get their food, and then followed them to a table, my eyes on my feet. I sipped my soda slowly, my stomach churning. Twice Mike asked, with unnecessary concern, how I was feeling. I told him it was nothing, but I was wondering if I should play it up and escape to the nurse’s office for the next hour. Ridiculous. I shouldn’t have to run away. I decided to permit myself one glance at the Cullen family’s table. If he was glaring at me, I would skip Biology, like the coward I was. I kept my head down and glanced up under my lashes. None of them were looking this way. I lifted my head a little. They were laughing. Edward, Jasper, and Emmett all had their hair entirely saturated with melting snow. Alice and Rosalie were leaning away as Emmett shook his dripping hair toward them. They were enjoying the snowy day, just like everyone else – only they looked more like a scene from a movie than the rest of us. But, aside from the laughter and playfulness, there was something different, and I couldn’t quite pinpoint what that difference was. I examined Edward the most carefully. His skin was less pale, I decided – flushed from the snow fight maybe – the circles under his eyes much less noticeable. But there was something more. I pondered, staring, trying to isolate the change. â€Å"Bella, what are you staring at?† Jessica intruded, her eyes following my stare. At that precise moment, his eyes flashed over to meet mine. I dropped my head, letting my hair fall to conceal my face. I was sure, though, in the instant our eyes met, that he didn’t look harsh or unfriendly as he had the last time I’d seen him. He looked merely curious again, unsatisfied in some way. â€Å"Edward Cullen is staring at you,† Jessica giggled in my ear. â€Å"He doesn’t look angry, does he?† I couldn’t help asking. â€Å"No,† she said, sounding confused by my question. â€Å"Should he be?† â€Å"I don’t think he likes me,† I confided. I still felt queasy. I put my head down on my arm. â€Å"The Cullens don’t like anybody†¦ well, they don’t notice anybody enough to like them. But he’s still staring at you.† â€Å"Stop looking at him,† I hissed. She snickered, but she looked away. I raised my head enough to make sure that she did, contemplating violence if she resisted. Mike interrupted us then – he was planning an epic battle of the blizzard in the parking lot after school and wanted us to join. Jessica agreed enthusiastically. The way she looked at Mike left little doubt that she would be up for anything he suggested. I kept silent. I would have to hide in the gym until the parking lot cleared. For the rest of the lunch hour I very carefully kept my eyes at my own table. I decided to honor the bargain I’d made with myself. Since he didn’t look angry, I would go to Biology. My stomach did frightened little flips at the thought of sitting next to him again. I didn’t really want to walk to class with Mike as usual – he seemed to be a popular target for the snowball snipers – but when we went to the door, everyone besides me groaned in unison. It was raining, washing all traces of the snow away in clear, icy ribbons down the side of the walkway. I pulled my hood up, secretly pleased. I would be free to go straight home after Gym. Mike kept up a string of complaints on the way to building four. Once inside the classroom, I saw with relief that my table was still empty. Mr. Banner was walking around the room, distributing one microscope and box of slides to each table. Class didn’t start for a few minutes, and the room buzzed with conversation. I kept my eyes away from the door, doodling idly on the cover of my notebook. I heard very clearly when the chair next to me moved, but my eyes stayed carefully focused on the pattern I was drawing. â€Å"Hello,† said a quiet, musical voice. I looked up, stunned that he was speaking to me. He was sitting as far away from me as the desk allowed, but his chair was angled toward me. His hair was dripping wet, disheveled – even so, he looked like he’d just finished shooting a commercial for hair gel. His dazzling face was friendly, open, a slight smile on his flawless lips. But his eyes were careful. â€Å"My name is Edward Cullen,† he continued. â€Å"I didn’t have a chance to introduce myself last week. You must be Bella Swan.† My mind was spinning with confusion. Had I made up the whole thing? He was perfectly polite now. I had to speak; he was waiting. But I couldn’t think of anything conventional to say. â€Å"H-how do you know my name?† I stammered. He laughed a soft, enchanting laugh. â€Å"Oh, I think everyone knows your name. The whole town’s been waiting for you to arrive.† I grimaced. I knew it was something like that. â€Å"No,† I persisted stupidly. â€Å"I meant, why did you call me Bella?† He seemed confused. â€Å"Do you prefer Isabella?† â€Å"No, I like Bella,† I said. â€Å"But I think Charlie – I mean my dad – must call me Isabella behind my back – that’s what everyone here seems to know me as,† I tried to explain, feeling like an utter moron. â€Å"Oh.† He let it drop. I looked away awkwardly. Thankfully, Mr. Banner started class at that moment. I tried to concentrate as he explained the lab we would be doing today. The slides in the box were out of order. Working as lab partners, we had to separate the slides of onion root tip cells into the phases of mitosis they represented and label them accordingly. We weren’t supposed to use our books. In twenty minutes, he would be coming around to see who had it right. â€Å"Get started,† he commanded. â€Å"Ladies first, partner?† Edward asked. I looked up to see him smiling a crooked smile so beautiful that I could only stare at him like an idiot. â€Å"Or I could start, if you wish.† The smile faded; he was obviously wondering if I was mentally competent. â€Å"No,† I said, flushing. â€Å"I’ll go ahead.† I was showing off, just a little. I’d already done this lab, and I knew what I was looking for. It should be easy. I snapped the first slide into place under the microscope and adjusted it quickly to the 40X objective. I studied the slide briefly. My assessment was confident. â€Å"Prophase.† â€Å"Do you mind if I look?† he asked as I began to remove the slide. His hand caught mine, to stop me, as he asked. His fingers were ice-cold, like he’d been holding them in a snowdrift before class. But that wasn’t why I jerked my hand away so quickly. When he touched me, it stung my hand as if an electric current had passed through us. â€Å"I’m sorry,† he muttered, pulling his hand back immediately. However, he continued to reach for the microscope. I watched him, still staggered, as he examined the slide for an even shorter time than I had. â€Å"Prophase,† he agreed, writing it neatly in the first space on our worksheet. He swiftly switched out the first slide for the second, and then glanced at it cursorily. â€Å"Anaphase,† he murmured, writing it down as he spoke. I kept my voice indifferent. â€Å"May I?† He smirked and pushed the microscope to me. I looked through the eyepiece eagerly, only to be disappointed. Dang it, he was right. â€Å"Slide three?† I held out my hand without looking at him. He handed it to me; it seemed like he was being careful not to touch my skin again. I took the most fleeting look I could manage. â€Å"Interphase.† I passed him the microscope before he could ask for it. He took a swift peek, and then wrote it down. I would have written it while he looked, but his clear, elegant script intimidated me. I didn’t want to spoil the page with my clumsy scrawl. We were finished before anyone else was close. I could see Mike and his partner comparing two slides again and again, and another group had their book open under the table. Which left me with nothing to do but try to not look at him†¦ unsuccessfully. I glanced up, and he was staring at me, that same inexplicable look of frustration in his eyes. Suddenly I identified that subtle difference in his face. â€Å"Did you get contacts?† I blurted out unthinkingly. He seemed puzzled by my unexpected question. â€Å"No.† â€Å"Oh,† I mumbled. â€Å"I thought there was something different about your eyes.† He shrugged, and looked away. In fact, I was sure there was something different. I vividly remembered the flat black color of his eyes the last time he’d glared at me – the color was striking against the background of his pale skin and his auburn hair. Today, his eyes were a completely different color: a strange ocher, darker than butterscotch, but with the same golden tone. I didn’t understand how that could be, unless he was lying for some reason about the contacts. Or maybe Forks was making me crazy in the literal sense of the word. I looked down. His hands were clenched into hard fists again. Mr. Banner came to our table then, to see why we weren’t working. He looked over our shoulders to glance at the completed lab, and then stared more intently to check the answers. â€Å"So, Edward, didn’t you think Isabella should get a chance with the microscope?† Mr. Banner asked. â€Å"Bella,† Edward corrected automatically. â€Å"Actually, she identified three of the five.† Mr. Banner looked at me now; his expression was skeptical. â€Å"Have you done this lab before?† he asked. I smiled sheepishly. â€Å"Not with onion root.† â€Å"Whitefish blastula?† â€Å"Yeah.† Mr. Banner nodded. â€Å"Were you in an advanced placement program in Phoenix?† â€Å"Yes.† â€Å"Well,† he said after a moment, â€Å"I guess it’s good you two are lab partners.† He mumbled something else as he walked away. After he left, I began doodling on my notebook again. â€Å"It’s too bad about the snow, isn’t it?† Edward asked. I had the feeling that he was forcing himself to make small talk with me. Paranoia swept over me again. It was like he had heard my conversation with Jessica at lunch and was trying to prove me wrong. â€Å"Not really,† I answered honestly, instead of pretending to be normal like everyone else. I was still trying to dislodge the stupid feeling of suspicion, and I couldn’t concentrate. â€Å"You don’t like the cold.† It wasn’t a question. â€Å"Or the wet.† â€Å"Forks must be a difficult place for you to live,† he mused. â€Å"You have no idea,† I muttered darkly. He looked fascinated by what I said, for some reason I couldn’t imagine. His face was such a distraction that I tried not to look at it any more than courtesy absolutely demanded. â€Å"Why did you come here, then?† No one had asked me that – not straight out like he did, demanding. â€Å"It’s†¦ complicated.† â€Å"I think I can keep up,† he pressed. I paused for a long moment, and then made the mistake of meeting his gaze. His dark gold eyes confused me, and I answered without thinking. â€Å"My mother got remarried,† I said. â€Å"That doesn’t sound so complex,† he disagreed, but he was suddenly sympathetic. â€Å"When did that happen?† â€Å"Last September.† My voice sounded sad, even to me. â€Å"And you don’t like him,† Edward surmised, his tone still kind. â€Å"No, Phil is fine. Too young, maybe, but nice enough.† â€Å"Why didn’t you stay with them?† I couldn’t fathom his interest, but he continued to stare at me with penetrating eyes, as if my dull life’s story was somehow vitally important. â€Å"Phil travels a lot. He plays ball for a living.† I half-smiled. â€Å"Have I heard of him?† he asked, smiling in response. â€Å"Probably not. He doesn’t play well. Strictly minor league. He moves around a lot.† â€Å"And your mother sent you here so that she could travel with him.† He said it as an assumption again, not a question. My chin raised a fraction. â€Å"No, she did not send me here. I sent myself.† His eyebrows knit together. â€Å"I don’t understand,† he admitted, and he seemed unnecessarily frustrated by that fact. I sighed. Why was I explaining this to him? He continued to stare at me with obvious curiosity. â€Å"She stayed with me at first, but she missed him. It made her unhappy†¦ so I decided it was time to spend some quality time with Charlie.† My voice was glum by the time I finished. â€Å"But now you’re unhappy,† he pointed out. â€Å"And?† I challenged. â€Å"That doesn’t seem fair.† He shrugged, but his eyes were still intense. I laughed without humor. â€Å"Hasn’t anyone ever told you? Life isn’t fair.† â€Å"I believe I have heard that somewhere before,† he agreed dryly. â€Å"So that’s all,† I insisted, wondering why he was still staring at me that way. His gaze became appraising. â€Å"You put on a good show,† he said slowly. â€Å"But I’d be willing to bet that you’re suffering more than you let anyone see.† I grimaced at him, resisting the impulse to stick out my tongue like a five-year-old, and looked away. â€Å"Am I wrong?† I tried to ignore him. â€Å"I didn’t think so,† he murmured smugly. â€Å"Why does it matter to you?† I asked, irritated. I kept my eyes away, watching the teacher make his rounds. â€Å"That’s a very good question,† he muttered, so quietly that I wondered if he was talking to himself. However, after a few seconds of silence, I decided that was the only answer I was going to get. I sighed, scowling at the blackboard. â€Å"Am I annoying you?† he asked. He sounded amused. I glanced at him without thinking†¦ and told the truth again. â€Å"Not exactly. I’m more annoyed at myself. My face is so easy to read – my mother always calls me her open book.† I frowned. â€Å"On the contrary, I find you very difficult to read.† Despite everything that I’d said and he’d guessed, he sounded like he meant it. â€Å"You must be a good reader then,† I replied. â€Å"Usually.† He smiled widely, flashing a set of perfect, ultrawhite teeth. Mr. Banner called the class to order then, and I turned with relief to listen. I was in disbelief that I’d just explained my dreary life to this bizarre, beautiful boy who may or may not despise me. He’d seemed engrossed in our conversation, but now I could see, from the corner of my eye, that he was leaning away from me again, his hands gripping the edge of the table with unmistakable tension. I tried to appear attentive as Mr. Banner illustrated, with transparencies on the overhead projector, what I had seen without difficulty through the microscope. But my thoughts were unmanageable. When the bell finally rang, Edward rushed as swiftly and as gracefully from the room as he had last Monday. And, like last Monday, I stared after him in amazement. Mike skipped quickly to my side and picked up my books for me. I imagined him with a wagging tail. â€Å"That was awful,† he groaned. â€Å"They all looked exactly the same. You’re lucky you had Cullen for a partner.† â€Å"I didn’t have any trouble with it,† I said, stung by his assumption. I regretted the snub instantly. â€Å"I’ve done the lab before, though,† I added before he could get his feelings hurt. â€Å"Cullen seemed friendly enough today,† he commented as we shrugged into our raincoats. He didn’t seem pleased about it. I tried to sound indifferent. â€Å"I wonder what was with him last Monday.† I couldn’t concentrate on Mike’s chatter as we walked to Gym, and RE. didn’t do much to hold my attention, either. Mike was on my team today. He chivalrously covered my position as well as his own, so my woolgathering was only interrupted when it was my turn to serve; my team ducked warily out of the way every time I was up. The rain was just a mist as I walked to the parking lot, but I was happier when I was in the dry cab. I got the heater running, for once not caring about the mind-numbing roar of the engine. I unzipped my jacket, put the hood down, and fluffed my damp hair out so the heater could dry it on the way home. I looked around me to make sure it was clear. That’s when I noticed the still, white figure. Edward Cullen was leaning against the front door of the Volvo, three cars down from me, and staring intently in my direction. I swiftly looked away and threw the truck into reverse, almost hitting a rusty Toyota Corolla in my haste. Lucky for the Toyota, I stomped on the brake in time. It was just the sort of car that my truck would make scrap metal of. I took a deep breath, still looking out the other side of my car, and cautiously pulled out again, with greater success. I stared straight ahead as I passed the Volvo, but from a peripheral peek, I would swear I saw him laughing. How to cite Twilight 2. OPEN BOOK, Essay examples

Models Of Mass Media - Free Sample Assignment

Question : Briefly define and compare the magic bullet or hypodermic model of media research with the encoding decoding model of media research. Answer: The analysis of models and theories of mass media and communication can be a profound and a detailed study with different examples and supporting justifications. Majorly there are two types of models which will be under analysis: Magic Bullet or Hypodermic Needle model and Encoding Decoding model. They study will dwell deeper into the concepts of these models and with draw a line of comparison between the two in the world of mass media. Magic Bullet Model Basics Hypodermic Needle or Magic Bullet model is a model for communication in which the targeted message or information is directly received and totally accepted (Sproule, 1989) by the receiver itself. It concerns human nature and is based upon the assumptions of time. The graphical representation of this model is a message in the form of a bullet fired from the gun of media to directly affect the targeted receivers brain (Scheufele, 2007). Media use tactics to make people aware of their news or message via the means of message injection. It is a strategic, planned and focused delivery of message (Rogers, 1973). This model is a crude form of mass media model and explains that people are highly affected due to limited sources of information and media messages. The underlying theory regards audience as passive and singular entity and therefore, they may manipulate the message or information provided by their side. But, the theory faced criticism as it was a misfit in the modern times due to cumbersome tests, inaccurate results, lack of empirical explanations etc. when Lazarsfeld disproved it by proving that audience are more influential in terms of their interpersonal skills rather than getting influenced by mass media. Example of Magic Bullet Model This theory and mass media had a major role to play at the time of Second World War in United States and Germany to influence the minds of people. The Germans or Nazis used media and film industry to highlight their propaganda and had some of the great achievements to influence and conquer the minds of Nazi people and leave an indelible impact over their minds. United States also used Hollywood to produce films like It happened one night, Its a wonderful life, Mr. Smith goes to Washington and other to portray the evil forces of Germany (Bineham, 1988). Here, the audience were targeted and the message reached them directly to influence their minds. The whole region in America was in chaos due to the rumor spread under the light of this magic bullet theory after the movie The War of the Worlds that they would be invaded by an alien invasion (Stewart, 1991). This lead to widespread panic in America as people believed this news completely. Encoding Decoding Model of Mass Media This model is sensible and practical model displaying the contemporary trends and intellect of the audience viewing mass media by the means of television or other means. Encoding comprises of production or formulation of a message and adding it to the component of media. The message from media are decoded by the mass audience and then are interpreted in various different ways that will depend upon the individual characteristics of a person such as experiences, priorities, background, culture, economic standard (Schrder, 2000) etc. In this model, audience are active and participate well in the process of decoding. It is basically extraction of a message in an understandable format. This model encompasses a four stage model for the purpose of mass communication having production, circulation, use and reproduction as the stages (Dominick, 2010). Production is the phase of encoding keeping in view the beliefs and values of the society. Circulation is the written, visual or oral decoding of the message. Use is the decoding or interpretation stage by active participation of audience. Reproduction in the post effect of the decoding stage. Examples of Encoding Decoding Model Various cultural and social societies use this model for mass media to tap the surveys and opinions of individuals as per their perceptions and views about a particular media message. This is used in general routine life to interpret a particular advertisement, promotion or social cause spread by the means of social media including active audience participation (Morley, 1993). Comparison on two models MAGIC BULLET MODEL ENCODING DECODING MODEL Message is a bullet which hits audience mind. Message is delivered and is decoded differently by audience. Audience are passive and singular entity. Audience actively participate in decoding. The model is obsolete due to its theory. Model is widely used due to regard given to individual perception. Any message can be imposed over audience without their understanding. Audience have psychological skills to decode the meaning in the layers. Focus on the effect of media. Focus over the audience views. A linear model with a single layer of meaning. A complex model with four layered attributes or process cycle attached with the meaning. References Sproule, J. M. 1989, Progressive propaganda critics and the magic bullet myth,Critical Studies in Media Communication, 6, no. 3, pp. 225-246. Scheufele, D. A., Tewksbury, D. 2007, Framing, agenda setting, and priming: The evolution of three media effects models,Journal of communication, 57, no. 1, pp. 9-20. Rogers, E. M. 1973, Mass media and interpersonal communication,Handbook of communication, pp. 290-310. Bineham, J. L. 1988, A historical account of the hypodermic model in mass communication,Communications Monographs, 55, no. 3, pp. 230-246. Stewart, D. W., Ward, S. 1991,Media effects on advertising, Wharton School, University of Pennsylvania, Marketing Department. Burgess, J. 1990, The production and consumption of environmental meanings in the mass media: a research agenda for the 1990s.Transactions of the Institute of British Geographers, pp. 139-161. Schrder, K. C. 2000, Making sense of audience discourses Towards a multidimensional model of mass media reception,European Journal of Cultural Studies, 3, no. 2, pp. 233-258. Dominick, J. R. 2010,The dynamics of mass communication: Media in the digital age, Tata McGraw-Hill Education. Morley, D. 1993, Active audience theory: Pendulums and pitfalls,Journal of communication, 43, no. 4, pp. 13-19.

The Law of Insolvency in Australia Samples †MyAssignmenthelp.com

Question: Discuss about the Law of Insolvency in Australia. Answer: A solvent person has been defined under the provisions of the Corporations Act 2001 as a person who is capable of paying all the debts on due date. Therefore, a person who is unable to pay his debts on due date is said to be insolvent. In Australia, insolvency is used in context of companies while the bankruptcy is used for individuals. Thelaw of insolvency in Australia regulates the status of companies which are on the verge of insolvency and are incapable of paying their debts or are under monetary suffering. A company is said to have become insolvent when it has become incapable of paying its debts when its payment becomes due (Australian Securities Investments Commission, 2014). The insolvency of companies is regulated by the Corporations Act 2001 (Cth). The chief objective of thelaw of insolvency is to maintain equilibrium between the interests of borrowers, creditors and public during insolvency. The law of insolvency of Australia does not considers long-term visions of an insolvent company nor does it permits return of such company into the business upon aid or through reorganization of the structure of the company (Gupta, (n.d.)). The most important sign that shows that a company is at the verge of getting insolvent is the financial suffering that a company is going through. These signs may be indicated from constant losses, degrading liquidity, payment due to creditors, no new business plans, unfinished accounts or mismanaged core accounting methods, growing liabilities, difficulties in selling of stocks and in collection of debts, unpaid creditors, summons and warrants being issued to the company, bouncing of cheques, overdraft limits being crossed, default in payment of loans or interests by the company, difficulty in getting finance, difficulty in raising funds from stakeholders, non- payment of taxes and other liabilities, growing number of complaints and queries from suppliers, etc. (Australian Securities Investment Commission, 2016). Upon getting information regarding such distress that a company is going through, the Commissioner of Taxation of Australia issues a penalty notice to the director of the c ompany for the non- paid and non- reported Pay As You Go cover-up of the company or a Superannuation Guarantee Charge sum. The company, if fails to take required measures, by seeking guidance of a professional, in a period of twenty- one days, the Commissioner is empowered to take an action for recovery against the company for a sum equal to the tax due. If the director suspects that there is financial suffering in the company, he should take guidance from accounting and legal professionals as soon as possible so as to withhold the existence of the company. An insolvency lawyer may help out in conducting a solvency review of the company and provide alternatives available to the company. The director is required to be alert regarding the alternatives available so as to make proper conclusions for the company. The alternatives that are available like refinancing, reorganizing the structure of the company, altering the activities of the company or employing an external administrator for the company (Australian Securities Investments Commission, 2014). If a company has been declared insolvent or is at the verge of getting insolvent the directors of the company become responsible towards the creditors as well as towards the shareholders of the company. It is the duty of the director to ensure that if the company has been declared insolvent, it shall not trade or carry on its business. The directors shall also keep himself informed about the financial status of the company. Further where an action has been taken against the directors for insolvent trading, it is the general presumption that the company has undergone insolvent trading if it has failed in maintaining proper financial accounts for the said period (Australian Securities Investments Commission, 2014). In case where a company is presumed to become insolvent the most important duty of the director is to not incur any debts (Australian Securities Investments Commission, 2014). Different avenues are available to the company to recapitalize it instead of putting the company under liquidation. They are restructuring which includes selling-off, spinning- off, equity carve- outs, leverage buy- outs, recapitalization, debt for equity swaps, prepacks and forbearance and creditor compromise arrangements, refinancing, and equity funding (OFlynn, n.d.). Further a company may also be put for external administration by the creditors instead of winding up the company. There are various ways by which a company may be externally administered so as to protect and increase the worth for creditors. Under these processes an independent external administrator is appointed for the purpose of managing the company and its assets. The administrator so appointed will have all the powers of a director of such company and has privilege of not being sued by the creditors or any third party. The creditors or any third party have no right to sue the company without the permissions of the administrator so appointed or without the sanction of the court (OFlynn, n.d.). The ways in which a company may be externally administered are: Receivership Under this type of external administration an independent receiver or a controller is appointed either by a secured creditor of the company or by the court for the purpose of administering the assets and the business of the company. The authority of the directors thereby gets limited during the period of for which a receiver has been appointed for the company. The receivership gets terminated when the creditors receive their due payment or when all the assets are realised or upon the order of the court (OFlynn, n.d.). Voluntary Administration Under this type of external administration a competent insolvency auditor is appointed to manage and investigate the financial transactions of the company, to make reports and recommendations to the creditors of the company, and to convene and proceed meetings of the creditors of the company. The auditor also assists the administrator in his work. By the end of the voluntary administration the creditors of the company have to decide what future direction is to be taken for the company. The future directions for the company may be: That the company be given back to the directors to continue their business; or That the company shall opt for deed of company arrangement; or That the company shall be put for liquidation (OFlynn, n.d.). Deed of Company Arrangement Under deed of company arrangement a deed of compromise is made between the creditors and the company under the administration of an independent external administrator. The purpose of the arrangement is to create a fund out of the assets of the company or by way of third party contribution for the purpose of settling the claims of the creditors of the company in final and after that the authority of the company is given back to its directors for them to carry on their business (OFlynn, n.d.). In cases of insolvency of a company the parties may intervene for the liquidation of the company. The voluntary liquidation of the company which is called creditors voluntary liquidation which is initiated by the officers and the stakeholders of the company. A liquidator is appointed for the purpose who manage the selling of assets of the company and pays off the creditors from the proceeds thereof. Another type of intervention takes place by the court which is involuntary in nature. In this type of intervention the liquidation procedure is started by the creditor of the company. A liquidator is appointed by the court for the purpose of liquidation. According to the summary analysis of June Quarterly Statistics of 2017 made by ASIC the last quarter of 2016-17 financial year indicates a raise of 28% in the companies that are seeking external administration. The total for the quarter was reduced by 3.7% since June 2016 and the percentage of companies which are seeking external administration for the quarter in relation to new incorporations is less than 4% (Australian Securities Investments Commission, 2017). Upon the declaration of a company as insolvent, the liquidator appointed thereafter investigates the transactions of the company. For the purpose of investigation the liquidator has to examine all the officers of the company and whether they have acted in compliance of their duty to act in good faith or not so as to decide whether they may be held liable for those acts which took place during the normal operation of the business. This may give an opportunity to the liquidator for financial recovery. If the liquidator finds any breach of duty on the part of the director, the former may bring action against such director for recovering damages occurred to the company (Swaab Attorneys, 2009). If the liquidator finds any breach of a commonlaw duty on the part of the director, the former may recover the damage from the directors property or the liquidator may also have right to get informed about the profits. Such director who commits a breach of a duty to take due care and act diligently will be liable for any loss occurring to the company by his act. Any breach of a duty by a director under Sections 180- 183 of the Corporation Act 2001 (Cth) will attract civil penalty upto a sum of $200,000 upon an application of ASIC. In case of any loss to the company due to the breach of duty by the director, the Court may order such director to pay compensation to the company. Further a criminal liability may also be imposed on a director for breach of above mentioned provisions where such breach has been caused or an information has been received or used recklessly or intentionally or dishonestly or by not exercising the authority in good faith for the interest of the company or for personal gain or so as to cause detriment to the company (Swaab Attorneys, 2009). The director may be liable under the provisions of Corporation Act 2001 (Cth) when the company has incurred debt at the time when the company was insolvent or became insolvent after incurring such debt or there were probabilities of company getting insolvent on incurring such debt and a prudent man in similar circumstances would have knowledge about the insolvency of the company. In case of breach of this provision by the director of the company, he is liable for civil penalty which will be applied by Australian Securities and Investments Commission on the director along with compensation for the creditors. Also criminal proceedings may be initiated against the director where it is found that, in addition to the conditions applicable in case of civil penalty, the director of the company while incurring the debt knew the fact that the company was insolvent or is likely to become insolvent upon incurring such debts and the director dishonestly incurred the debt (Corporation Act 2001 (C th) s 588G; Swaab Attorneys, 2009). Section 588G of the Corporation Act 2001 (Cth) attracts the application of Section 1317E of the said Act whereby if the court thinks that the director has violated the above mentioned provision the Court shall declare that the said provision has been contravened (under item number 6) by the director. Upon declaration being made by the Court the Australian Securities and Investments Commission will get authority to look for order of pecuniary penalty (Corporations Act 2001, (Cth) s 1317G or may disqualify the order (Corporations Act 2001 (Cth) s 206C). Australian Securities Investments Commissions regulates the organisational, market and financial services in Australia. The ASIC is empowered to register accountants and liquidators for the purpose of liquidation of a company which is about to become insolvent. Further the ASIC has also power to order a company which is at the verge of insolvency or has already became insolvent to wind up. The commission has been provided with a number of tools for the purpose of investigation and enforcement under the ASIC Act and the Corporations Act 2001 (Cth). The said commission has powers to initiate investigation proceedings in case of contravention of any provisions of either of the above said Acts. The Australian Restructuring Insolvency and Turnaround Association (ARITA) is another organization of Australia that provides support in cases of restructuring, insolvency and turnaround through qualified professionals (Australian Restructuring Insolvency and Turnaround Association, 2016). It can be concluded that Australia has a wide variety of official external regulatory procedures for corporations. It has been observed that what importance does each area holds for the purpose of restructuring and smooth functioning of a business organization which is about to become insolvent. Only voluntary administration is designed so as to facilitate reorganization and restructuring of the insolvent companies in Australia. Voluntary administration is a supple procedure which is cost effective. References: Australian Restructuring Insolvency and Turnaround Association, 2016, Australian Restructuring Insolvency and Turnaround Association. Available from: https://www.arita.com.au/iMIS_Prod/. [17 September 2017]. Australian Securities Investments Commission, 2014, Directors- what are my duties as a director? Available from: https://asic.gov.au/regulatory-resources/insolvency/insolvency-for-directors/directors-what-are-my-duties-as-a-director/. [17 September 2017]. Australian Securities Investments Commission, 2014, Directors- what happens if company insolvent, Available from: https://asic.gov.au/regulatory-resources/insolvency/insolvency-for-directors/directors-what-happens-if-company-insolvent/. [18 September 2017]. Australian Securities Investments Commission, 2014, Directors- what to do if company in financial difficulty, Available from: https://asic.gov.au/regulatory-resources/insolvency/insolvency-for-directors/directors-what-to-do-if-company-in-financial-difficulty/. [17 September 2017]. Australian Securities Investments Commission, 2014, Insolvency, Available from: https://asic.gov.au/regulatory-resources/insolvency/. [17 September 2017]. Australian Securities Investments Commission, 2016, Directors- Is my company in financial difficulty? Available from: https://asic.gov.au/regulatory-resources/insolvency/insolvency-for-directors/directors-is-my-company-in-financial-difficulty/. [17 September 2017]. Australian Securities Investments Commission, 2017, Corporate insolvencies: June quarter 2017, Available from: https://download.asic.gov.au/media/4410590/201706-june-qtr-2017-summary-analysis.pdf. [18 September 2017]. Corporation Act 2001 (Cth). Gupta, N. n.d., Insolvency laws in Australia. Parliament of Australia. Available from: https://www.aph.gov.au/About_Parliament/Parliamentary_Departments/Parliamentary_Library/pubs/BriefingBook45p/InsolvencyLaws. [17 September 2017]. OFlynn, K. (n.d.), Restructuring and insolvency, Clayton UTZ. Available from: https://www.claytonutz.com/ArticleDocuments/501/25_RestructuringInsolvency.pdf.aspx?Embed=Y. [18 September 2017]. Swaab Attorneys, 2009, Australia: An introduction to insolvency law- part one, Mondaq, Available from: https://www.mondaq.com/australia/x/79816/Insolvency+Bankruptcy/An+Introduction+To+Insolvency+Law+Part+One. [18 September 2017].