How to Focus When Youre Writing

How to Focus When Youre Writing How to Focus When Youre Writing How to Focus When Youre Writing By Ali Hale Do you ever find yourself distracted when you’re writing? I don’t think I’ve ever met a writer who could honestly answer â€Å"no† to that question! Whether it’s Facebook, Twitter, checking the news headlines, browsing a few webcomics, answering emails, ordering that book from Amazon you’d forgotten about there are so many distractions just a click away. The good news is, there’s plenty you can do to help yourself to focus as you write. I’ve split my suggestions into three different categories, so you can tackle whichever area you feel is holding you back the most (or whichever is easiest for you to change right now). They are: How to make your writing environment work for you What to do before you write What to do while you’re writing I’ve also included a bonus tip on something you can do after you write, to help you gradually focus better over time. How to Make Your Writing Environment Work For You #1: Get Away from Home If you normally write at home, try writing in a local coffee shop (or library, etc) instead. This cuts out a ton of potential distractions and a change of scene can make it much easier to be creative. Some of my best, most focused, writing happens when I get away for an afternoon, evening and morning at a local hotel. There’s no laundry pile, no dishes, no kids, no TV, and the wifi there doesn’t work on my ailing laptop. I can write for hours! Even if you can’t get away for very long, just an hour in a coffee shop might be enough to help you get past a creative block that you’ve been struggling with. #2: Get Rid of Intrusive Noise When I’m in the writing zone, I tune out pretty much everything (including my long-suffering husband). But getting into that zone in the first place can be tricky if there’s a lot of distracting noise going on. In our house, â€Å"noise† is normally the kids playing / fighting / singing at the top of their lungs. Maybe that sounds all too familiar to you – or maybe the noise you’re trying to block out is construction work going on nearby, or your roommate watching yet another repeat of Friends. Whatever the noise, a pair of headphones will help (I like in-ear ones, because they’re cheap and act a bit like earplugs to muffle external noise). It’s entirely up to you what you listen to: some writers like to focus with ambient sound from a site like Noisli.com; others like movie soundtracks; still others pick a particular artist, album or even song that fits with the mood of their work-in-progress. Do whatever works for you. #3: Sit at a Desk or Table If you normally write while sitting on the sofa, or even while lying in bed, try sitting at a table or desk instead – even if that means clearing some space or rearranging a room. You might find it makes a huge difference to your concentration levels. As well as feeling more like a â€Å"work† space, a seat at a table or desk is likely to be better for your posture than hunching over with your laptop on your lap, or lying in bed with your laptop propped up on your knees. (If you do decide to stick with your sofa or bed, though, you might want to   look into something like a laptop bed tray to make it easier to write there.) What To Do Before You Write #4: Make a Plan Whatever you’re about to write, you need a plan. That might be a few words scribbled on a sticky note, or it might be a detailed document outlining your whole book. But whatever your plan looks like, it’s a vital tool for keeping you on track and focused. If you begin writing without a plan, it’s all too easy to lose focus. You don’t know where you’re going next – and as soon as you come to the natural end of one train of thought, you’ll probably find yourself getting distracted by something that has nothing to do with your writing at all. #5: Set a Goal for Your Writing Session What do you want to achieve during your writing session? If you’re writing, say, a blog post, you might simply want to work through your plan – but if you’re working on part of a longer project, you may need to come up with a specific goal. For instance, if you’re writing a novel, your goal might be â€Å"write the first 1,000 words of chapter 10† or â€Å"write the scene with Jo confronting Dwayne†. If you find that setting goals can be daunting or off-putting rather than helpful, you might want to set a â€Å"minimum† goal and a â€Å"stretch† goal – that might be â€Å"write 200 words† as the minimum and â€Å"write 1,000 words† as your stretch goal. Even if you only achieve the minimum, you can still give yourself a pat on the back. #6: Decide How Long You’ll Focus For You don’t necessarily need to work with 100% focus for the whole of your writing session. You might decide to focus for 25 minutes, then take a 5 minute break. (Those particular time intervals are part of the Pomodoro technique, which you might find helpful.) Set a timer to keep you on track as you write. While the timer is running, your job is to only write – you can’t check emails, go on Facebook, and so on. It might feel surprisingly hard at first to stay focused in this way, but you’ll soon find it becomes more natural. If you’re fighting a long-entrenched distractibility habit, you might want to use an app like Freedom.to to help you – you can block specific websites, or even the whole internet, for a period of time. What to Do While You Write #7: Keep a â€Å"Distractions† Notebook to Hand One simple tool that I find very helpful is a notebook, diary or even scrap of paper where I can jot down distractions. These are often things I need to remember to do (â€Å"Order Le Guin book† is on my list right now, because as I was drafting this post, I remembered that the science fiction book group I attend is meeting in a couple of weeks) You can use a distractions list not only for â€Å"to do† items, though, but also for impulses that crop up. Stuff like â€Å"see what’s new on xkcd† or â€Å"look up next season of Lucifer† can go on your list, too! Once you get to a break, you can delve into some of those distractions, guilt-free. #8: Don’t Stop to Look Things Up How often are you writing a blog post (or a scene of your novel, or a chapter of your book) – only to realise that you need to look up a name or a fact or a link? And how often do you stop, look it up and end up spending the next half an hour in an internet rabbit-hole? I do this more often than I’d care to admit! But as much as possible, I try to not look things up when I’m writing. Instead, I put a [note to self] in square brackets in my draft, so I can come back and insert the name/fact/link/etc later on. Here’s an example from the draft of this very post: #9: Don’t Edit While You’re Writing I know you’ve been told this one already, but it’s a piece of advice that always bears repeating: don’t edit while you’re writing. Is it okay to occasionally backspace and fix a typo, or restart a sentence that somehow came out wrong? Sure. (Though some â€Å"don’t-edit† purists might disagree with me!) However, if you draft a paragraph, change three sentences, draft another paragraph, cut everything you’ve written so far and start again you’re not going to get far. If you change your mind about something as you’re writing, just pop the section you’re unsure about into italics. Make a quick note about what you’re thinking about changing (e.g. â€Å"remove John from this scene†) and then proceed as if you’d already made that change. That way, you don’t lose momentum – and you don’t waste time editing something that you might later decide to change yet again. What to Do After You Write #10: Record How Your Writing Session Went If you’ve never tried keeping a writing journal before, give it a go. You could have a document on your computer where you jot down how you got on, you could make an entry in your diary, you could use a notebook whatever works for you. Each time you finish a writing session, take a minute or two to note what went well and what didn’t quite work out. For instance, â€Å"started well but got distracted half-way by answering an email from Jenny† or â€Å"took ages to get going but really got into the flow after a few paragraphs†. If you keep up your journal for a few weeks, you’ll find that you can spot patterns – and that you become more aware of what does (and doesn’t) work for you. All writers can focus, and often, being distractible is simply a bad habit. How could you make your next writing session a great one? Pick one idea – or more! – from the list above, and let us know in the comments how you get on. Want to improve your English in five minutes a day? Get a subscription and start receiving our writing tips and exercises daily! Keep learning! Browse the Writing Basics category, check our popular posts, or choose a related post below:Homograph ExamplesWhat to Do When Words Appear Twice in a RowPreposition Review #1: Chance of vs. Chance for

An Examination Of Albert Einsteins Early Years

An Examination Of Albert Einstein's Early Years One of the greatest heroes of American(and international) science and culture in the past century has been German physicist Albert Einstein. Born in 1879, Einstein used his early years to educate himself and began to think up his own methods for solving his newly found inquiries into science and higher-level mathematics. In a short time during the beginning of the twentieth century, Einstein pulled together his research and incredible intellect for unprecedented gains in science and theory used throughout the world. One need not go far to view the incredible impact that innovative genius Albert Einstein has had upon the twentieth century. His impact stretches far beyond the reaches of physics and life in the early 1900s. This physicist of phenomenal philosophy, logic, and imagination has been and still is the subject of countless catch phrases and expressions of intelligence. Albert Einstein is a forerunner of influential American icons. Because of his contribution to American science and society as an immigrant, intellectual accomplishments, and discoveries in nuclear technology, it is my belief that Albert Einstein was the most influential person of the twentieth century. First of all, Albert Einstein was the most important figure of the twentieth century because of his contribution to American science and society as an immigrant. This is foremost important because of the U.S.s status as the premier nation of the world. Albert Einstein has had one of the greatest ever influences upon the American way of life. He is responsible for many of the most famous scientific and philosophical standards used in America today. He was born in Germany in 1879, but Albert did not come to America until 1933, when he feared for his life and fled from Nazi Germany. It was at this time that he was at his greatest fame.(PBS 1) He then began his work for the United States. His discoveries have impacted all facets of American culture. The sophisticated Special Theory of Relativity in physics that he created models the behavior of the entire universe. As stated on Nova, General Relativity has spawned the most important results in modern astronomy.(Levenson 4) Perhaps his largest contribution to America, Albert Einstein played a role in preserving American power. Einstein provided the biggest contribution to American science, setting most precedents for scientific study and standards. He evoked theories then thought radical and was then able to prove them and have since been followed. Albert Einstein catapulted into a revolution for U.S. defense as well as higher intellectual thought and goal-setting. After all, there have been many revolutions in the vast field of science, but that of Einstein has become the most famous. Albert Einsteins work was vastly important Sadly, his revolution has been taken for granted by this generation. Einstein was a visionary, a new mind that saw through the limitations of his day. Without Albert Einsteins research into motion and relativity theory, there would be no quantum theory or MRI for medical research. Einsteins reach extends through every fiber of American independence and ingenuity. Albert Einstein epitomizes even today the cutting edge of technology. As Genius Among Geniuses states, From 1905 to 1925, Einstein transformed humankinds understanding of nature on every scaleà ¢Ã¢â€š ¬Ã‚ ¦Now, nearly a century after he began to make his mark, we are still exploring Einsteins universe. The problems he could not solve remain the ones that define the cutting edge, the most tantalizing and compelling.(Levenson 5) In addition, Albert Einstein was so important because of his intellectual accomplishments. He is considered by most to be an incredible genius. Einstein had a knack for inventive ideas. Imagination thrilled him more so than science. Of this matter, Albert said, When I examine myself and my methods of thought, I come to the conclusion that the gift of fantasy has meant more to me than my talent for absorbing positive knowledgeà ¢Ã¢â€š ¬Ã‚ ¦I am enough of an artist to draw freely upon my imagination. Imagination is more important than knowledge. Knowledge is limited. Imagination encircles the world.(Knowledgeà ¢Ã¢â€š ¬Ã‚ ¦ 1) Einstein leapt into the vast expanses of physics and accomplished more in that short period of time than had ever been discovered before. While trying to hold down a job at the patent office, he was busy working on physics on his own. He developed his extremely famous Special Theory of Relativity(which states that measurements of time and distance vary systematically as one object moves relative to another), proving Newton wrong. In March, Einstein creates the quantum theory of light, followed by two papers in Apri l and May on atom size and motion(proving that atoms exist), and then completes Special Relativity in June.(Levenson) Amazing, but thats not all. This incredible outbreak of study is compounded by the daddy of them all. Yes, the world-renowned E=MC2, the most famous relationship in science. So many amazing discoveries, and the magnitude of any of them would be astounding for someone in any field. All of this sprang forth from the mind of Einstein in one year! It is best phrased by PBS associate Thomas Levenson: In sum-an amazing outburst: Einsteins 1905 still evokes awe. Historians call it annus mirabilis, the miracle year. Einstein ranges from the smallest scale to the largest (for special relativity is embodied in all motion throughout the universe),through fundamental problems about the nature of energy, matter, motion, time, and space-all the while putting in forty hours a week at the patent office. Well said. But, the best had yet to appear. After achieving a lifetimes work in 1905, Einstein achieved what Thomas Levenson calls a twenty year run at the cutting edge of physics. For all the miracles of his miracle year, his best work is(was) still to come. In 1907, he taught that gravity and acceleration are equivalent. He began to solve the central problems in all of physics in 1911, followed by developing his theories of relativity through the twenties, searching through quantum mechanics for some years, and then developing more theories about dimensions of the universe.(Levenson 4-5) Some of the most influential work of the century, 1915s General Theory of Relativity had taken eight years to complete and was quite a feat. This theory and the accompanying ideas that he proved come close to encompassing the vastness of Einsteins mind. Just think about how revolutionary his ideas were. Albert himself said, Physical Objects are not in space, but these objects are spacially extended. In this way the concept of empty space loses its meaning.(Relativity, vi) This theory was deep! While formulating in 1915, Einstein took his mind to the edge. He wrote a letter telling about his discovery. This month, he wrote to physicist Arnold Sommerfield, I have lived through the most exacting period of my lifeand the most fruitful. Sommerfield was not immediately impressed, a fact which induced Einstein to send him a postcard: You will become convinced of the General T heory of Relativity as soon as you have studied it. Therefore I will not utter a word in its defense.(Clark, 252) Nor was it needed. This principle, which took so long to perfect, was completed in 1915 and states that all matter and energy in the universe mold the shape of space and the flow of time. Its a little deeper than that, but Einstein explains it well in his book Relativity. Although not initially recognized as so, Albert Einstein was perhaps the most intelligent human ever. Finally, Albert Einstein was extremely influential in the research toward Americas (as well as the worlds)nuclear technology, demonstrating his ability as the most influential person of the twentieth century. The aforementioned E=MC2 proved that energy and matter are linked. At first, even Einstein did not understand what he had, but even then he suggests that the heat produced by the element radium could mark the conversion of tiny amounts into energy. (Levenson) This led to the work toward the infamous atomic bomb, making Einstein the father of the most famous weapon in history. Because of his studies and his efforts to make President Roosevelt aware of the potential crisis at hand, Albert Einstein has helped to put America in place as perhaps the greatest and most powerful nation in the world. He is credited with the development of the most powerful energy supply ever. Although mo st notable, Albert himself was not that pleased with the work on the atomic bomb. He took full responsibility for the creation of the effort toward it but absolutely despised the fact that harm could arise. Regardless, Einstein stated, The discovery of nuclear chain reactions need not bring about the destruction of mankind than did the discovery of matches. We only must do everything in our power to safeguard against its abuse.(War/A-Bomb 1) Over a short period of time, Einstein wrote four letters to president Franklin D. Roosevelt regarding the use of atomic energy. The first in this series launched the arms race. It was a warning to president Roosevelt of the possibility of the German government constructing powerful new bombs. Nevertheless, Einstein took full responsibility for its consequences, calling it the greatest mistake of his life.(Elert 1) In his letters to the president, Einstein and his associates wrote out exactly what were the best interests to pursue. Einstein did not want war, he simply thought that his only recourse was to notify the U.S. government of the possibility of producing chain reactions of nuclear energy so that they would have it before Germany did.(Elert 2) In his letters, Einstein states that it is extremely important to pursue the development of radium(element of the atomic bombs) before Germany can.(Clark 678-9) This was due to the fact that the war had already begun and Einstein was trying to ensure that the federal government had the advantage and that some order of peace, if at all possible, would be reached by the efforts of America. Albert Einstein differed from other scientists and professionals because of the incredible importance attached to the philosophical aspect of physics. Through the practical application of his teachings, the world becomes more educated on intelligence and technology. As we look behind at what he achieved and ahead to what his legacy holds for the future, we see the magnitude of this genius of a mans impact upon the twentieth century. Through his immigration and contribution to American science and society, extreme intelligence, and preservation of the United States through intuition in nuclear technology, Albert Einstein was the most influential person of the twentieth century.

Statistical Data Analysis and findings of a survey (the survey is part Statistics Project

Statistical Data Analysis and findings of a survey (the survey is part of an action research to investigate teacher training practices in Qatar) - Statistics Project Example A needs analysis survey in the first stage has been employed to collect data about issues in language teaching INSET in Qatar. It is important to emphasize that the use of this survey is for the purpose of needs analysis and is not based on any predetermined hypotheses. Using a survey in an early stage of my research project was intended to maximize the number of perspectives (Denscombe 1998: 169), and due to the versatile nature of surveys. Surveys can tap into attitudes that respondents are not completely aware of, and increase the consistency and reliability of the results through reducing the bias of interviewer effects (DÃ ¶rnyei & Taguchi 2010:6). The survey was administered online through a survey website (Surveymonkey.com). Online surveys are increasingly popular for data collection and preferred over traditional mail surveys in many ways (Pan 2010:121-122). They provide a lower cost option (Sheehan 1999:47), convenience in answering the survey (Evans & Mathur 2005:198) and respondents are also more likely to respond to sensitive and private questions (Ritter et al. 2004). The survey consisted of 70 items distributed under 7 categories in addition to a final open-ended question for respondents’ final comments. The table below shows the distribution of the survey items. The design of the survey was based on my initial literature review of the study and guided by the main aim of the survey which is to provide directions for the intervention design. As discussed in the first panel report, for INSET programs to be successful, teachers’ voice should be heard and taken into consideration (Locke 2006). As a result, most of the items of the survey are intended to capture teachers’ voice and concerns. Items 4-40 elicit data on preferences of delivery methods, training themes and assessment tools. Items 41-66 seek to

Modern Graphic Design Assignment Example | Topics and Well Written Essays - 1250 words

Modern Graphic Design - Assignment Example The Arts and Craft movement advocated for economic and social reforms in the art and graphic design sector marking the onset of globalization in art and graphic design. According to Tankard, graphic design has an extremely long history from the caves of Lascaux to Today’s time Squire. The conservative approach to arts and crafts was changed by the Arts and Crafts movement which advocated for the separation of graphic design from fine art and art from the manufacturing industry. This movement was developed first and effected in the British Isles before spreading to the rest of Europe and North America. Austria was not left out as they created their own faction called the Secession. This Austrian wing of the Arts and Crafts movement had its stronghold in Vienna, with its founders; Gustav Klimt and Rudolf von Alt taking the graphic design to America. According to Lechner and Frank, these founders and a group of sculptors, painters and architects resigned from the Association of Austrian Artists claiming that the Vienna KÃ ¼nstlerhaus was conservative and had an outmoded alignment towards historicism. Austria has been known for having some of the world’s most impressive art collections especially painting. Australian paintings like Oberes Belvedere and the Prunkstall have a wealth of gothic religious art adopted from the Middle Ages. Globalization has seen Austria adopt the American graphic design style. According to Hannam, America has been described as a good place for the development of graphic design.

Inventions of the 1920s Essay -- essays research papers

Inventions of the 1920’s to 30’s Through out the 1920’s many inventions were created that altered human civilization. Transportation was successfully mastered. Radio communication was becoming more common and medicine was saving more and more lives every day.   Ã‚  Ã‚  Ã‚  Ã‚  In this year Henry Ford created the first affordable, combustion engine car called the Model-T. The creation of the Model-T changed the lives of every American. Vehicles were looked at as a way of freedom and excitement. Soon after, every household in America had a car. The demand for vehicles sparked a whole new industry, creating jobs, more revenues and improving the American economy in every way. With so many vehicles on the roads, roads needed to become bigger and better which spawned a nation wide road construction. This also created more jobs and strengthened the economy even further. (Inventions: Car) The Airplane was first invented in 1903; it amazed everyone but never really took off because of how dangerous it still was. They used planes in WWI but they threw them aside. After WWI (around mid 1920’s) the Federal Government had the idea of airmail. This was readily accepted; instead of receiving mail in two weeks it would only take a couple of days. Soon after this, transporting people quickly caught on although only the upper-class people could afford it, it soon became accessible to almost everyone. (Inventions: Airplane)   Ã‚  Ã‚  Ã‚  Ã‚  1879 the first radios wer...

Investment Banking Essay

â€Å"A specific division of banking related to the creation of capital for other companies. Investment banks underwrite new debt and equity securities for all types of corporations. Investment banks also provide guidance to issuers regarding the issue and placement of stock†. Investment banking involves raising money (capital) for companies and governments, usually by issuing securities. Securities or financial instruments include equity or ownership instruments such as stocks where investors own a share of the issuing concern and therefore are entitled to profits. They also include debt instruments such as bonds, where the issuing concern borrows money from investors and promises to repay it at a certain date with interest. Companies typically issue stock when they first go public through initial public offerings (IPOs), and they may issue stock and bonds periodically to fund such enterprises as research, new product development, and expansion. Companies seeking to go public must register with the Securities and Exchange Commission and pay registration fees, which cover accountant and lawyer expenses for the preparation of registration statements. A registration statement describes a company’s business and its plans for using the money raised, and it includes a company’s financial statements. Before stocks and bonds are issued, investment bankers perform due diligence examinations, which entail carefully evaluating a company’s worth in terms of money and equipment (assets) and debt (liabilities). This examination requires the full disclosure of a company’s strengths and weaknesses. The company pays the investment banker after the securities deal is completed and these fees often range from 3 to 7 percent of what a company raises, depending on the type of transaction. Investment banks aid companies and governments in selling securities as well as investors in purchasing securities, managing invest ments, and trading securities. Investment banks take the form of brokers or agents who purchase and sell securities for their clients; dealers or principals who buy and sell securities for their personal interest in turning a profit; and broker-dealers who do both. The primary service provided by investment banks is underwriting, which refers to guaranteeing a company a set price for the securities it plans to issue. If the securities fail to sell for the set price, the investment bank pays the company the difference. Therefore, investment banks must carefully determine the set price by considering the expectations of the company and the state of the market for the securities. In addition, investment banks provide a plethora of other services including financial advising, acquisition advising, divestiture advising, buying and selling securities, interest-rate swapping, and debt-for-stock swapping. Nevertheless, most of the revenues of investment banks come from underwriting, selling securities, and setting up merg ers and acquisitions. When companies need to raise large amounts of capital, a group of investment banks often participate, which are referred to as syndicates. Syndicates are hierarchically structured and the members of syndicates are grouped according to three functions: managing, underwriting, and selling. Managing banks sit at the top of the hierarchy, conduct due diligence examinations, and receive management fees from the companies. Underwriting banks receive fees for sharing the risk of securities offerings. Finally, selling banks function as brokers within the syndicate and sell the securities, receiving a fee for each share they sell. Nevertheless, managing and underwriting banks usually also sell securities. All major investment banks have a syndicate department, which concentrates on recruiting members for syndicates managed by their firms and responding to recruitments from other firms. A variety of legislation, mostly from the 1930s, governs investment banking. These laws require public compa nies to fully disclose information on their operations and financial position, and they mandate the separation of commercial and investment banking. The latter mandate, however, has been relaxed over the intervening years as commercial banks have entered the investment banking market. An investment bank is a financial institution that assists individuals, corporations and governments in raising capital by underwriting and/or acting as the client’s agent in the issuance of securities. An investment bank may also assist companies involved in mergers and acquisitions, and provide ancillary services such as market making, trading of derivatives, fixed income instruments, foreign exchange, commodities, and equity securities. Unlike commercial banks and retail banks, investment banks do not take deposits. From 1933 (Glass–Steagall Act) until 1999 (Gramm–Leach–Bliley Act), the United States maintained a separation between investment banking and commercial banks. Other industrialized countries, including G8 countries, have historically not maintained such a separation. There are two main lines of business in i nvestment banking. Trading securities for cash or for other securities (i.e., facilitating transactions, market-making), or the promotion of securities (i.e., underwriting, research, etc.) is the â€Å"sell side†, while dealing with pension funds, mutual funds, hedge funds, and the investing public (who consume the products and services of the sell-side in order to maximize their return on investment) constitutes the â€Å"buy side†. Many firms have buy and sell side components. An investment bank can also be split into private and public functions with a Chinese wall which separates the two to prevent information from crossing. The private areas of the bank deal with private insider information that may not be publicly disclosed, while the public areas such as stock analysis deal with public information. An advisor who provides investment banking services in the United States must be a licensed broker-dealer and subject to Securities & Exchange Commission (SEC) and Financial Industry Reg ulatory Authority (FINRA) regulation. Investment banking is a field of banking that aids companies in acquiring funds. In addition to the of new funds, investment banking also offers advice for a wide range of transactions a company might engage in. In commercial banking, the institution collects deposits from clients and gives direct loans to businesses and individuals. In the United States, it was illegal for a bank to have both commercial and investment banking until 1999, when the Gramm-Leach-Bliley Act legalized it. Through investment banking, an institution generates funds in two different ways. They may draw on public funds through the capital market by selling stock in their company, and they may also seek out venture capital or private equity in exchange for a stake in their company. Investment bankers give companies advice on mergers and acquisitions, for example. They also track the market in order to give advice on when to make public offerings and how best to manage the business’ public assets. Some of the consultative activities investment banking firms engage in overlap with those of a private brokerage, as they will often give buy-and-sell advice to the companies they represent. The line between investment banking and other forms of banking has blurred in recent years, as deregulation allows banking institutions to take on more and more sectors. With the advent of mega-banks which operate at a number of levels, many of the services often associated with investment banking are being made available to clients who would otherwise be too small to make their business profitable. Careers in investment banking are lucrative and one of the most sought after positions in the money markets. A career in investment banking involves extensive travelling, gruelling hours and an often cut-throat lifestyle. While highly competitive and time intensive, investment banking also offers an exciting lifestyle with huge financial incentives that are a draw to many people. HISTORY & DEVELOPMENT OF INVESTMENT BANKING: Investment banking began in the United States around the middle of the 19th century. Prior to this period, auctioneers and merchants—particularly those of Europe—provided the majority of the financial services. The mid-1800s were marked by the country’s greatest economic growth. To fund this growth, U.S. companies looked to Europe and U.S. banks became the intermediaries that secured capital from European investors for U.S. companies. Up until World War I, the United States was a debtor nation and U.S. investment bankers had to rely on European investment bankers and investors to share risk and underwrite U.S. securities. For example, investment bankers such as John Pierpont (J. P.) Morgan (1837-1913) of the United States would buy U.S. securities and resell them in London for a higher price. During this period, U.S. investment banks were linked to European banks. These connections included J.P. Morgan & Co. and George Peabody & Co. (based in London); Kidder, Pea body & Co. and Barling Brothers (based in London); and Kuhn, Loeb, & Co. and the Warburgs (based in Germany). Since European banks and investors could not assess businesses in the United States easily, they worked with their U.S. counterparts to monitor the success of their investments. U.S. investment bankers often would hold seats on the boards of the companies issuing the securities to supervise operations and make sure dividends were paid. Companies established long-term relationships with particular investment banks as a consequence. In addition, this period saw the development of two basic components of investment banking: underwriting and syndication. Because some of the companies seeking to sell securities during this period, such as railroad and utility companies, required substantial amounts of capital, investment bankers began under-writing the securities, thereby guaranteeing a specific price for them. If the shares failed to fetch the set price, the investments banks covered the difference. Underwriting allowed companies to raise the funds they needed by issuing a sufficient amo unt of shares without inundating the market so that the value of the shares dropped. Because the value of the securities they underwrote frequently surpassed their financial limits, investment banks introduced syndication, which involved sharing risk with other investment banks. Further, syndication enabled investment banks to establish larger networks to distribute their shares and hence investment banks began to develop relationships with each other in the form of syndicates. The syndicate structure typically included three to five tiers, which handled varying degrees of shares and responsibilities. The structure is often thought of as a pyramid with a few large, influential investment banks at the apex and smaller banks below. In the first tier, the â€Å"originating broker† or â€Å"house of issue† (now referred to as the manager) investigated companies, determined how much capital would be raised, set the price and number of shares to be issued, and decided when the shares would be issued. The originating broker often handled the largest volume of shares and eventually began charging fees for its services. In the second tier, the purchase syndicate took a smaller number of shares, often at a slightly higher price such as I percent or 0.5 percent higher. In the third tier, the banking syndicate took an even smaller amount of shares at a price higher than that paid by the purchase syndicate. Depending on the size of the issue, other tiers could be added such as the â€Å"selling syndicate† and â€Å"selling group.† Investment banks in these tiers of the syndicate would just sell shares, but would not agree to sell a specific amount. Hence, they functioned as brokers who bought and sold shares on commission from their customers. From the mid-i800s to the early 1900s, J. P. Morgan was the most influential investment banker. Morgan could sell U.S. bonds overseas that the U.S. Department of the Treasury failed to sell and he led the financing of the railroad. H e also raised funds for General Electric and United States Steel. Nevertheless, Morgan’s control and influence helped cause a number of stock panics, including the panic of 1901. Morgan and other powerful investment bankers became the target of the muckrakers as well as of inquiries into stock speculations. These investigations included the Armstrong insurance investigation of 1905, the Hughes investigation of 1909, and the Money Trust investigation of 1912. The Money Trust investigation led to most states adopting the so-called blue-sky laws, which were designed to deter investment scams by start-up companies. The banks responded to these investigations and laws by establishing the Investment Bankers Association to ensure the prudent practices among investment banks. These investigations also led to the creation of the Federal Reserve System in 1913. Beginning about the time World War I broke out, the United States became a creditor nation and the roles of Europe and the United States switched to some extent. Companies in other countries now turned to the United States for investment banking. During the 1920s, the number and value of securities offerings increased when investment banks began raising money for a variety of emerging industries: automotive, aviation, and radio. Prior to World War 1, securities issues peaked at about $ 1 million, but afterwards issues of more than $20 million were frequent. The banks, however, became mired in speculation during this period as over 1 million investors bought stocks on margin, that is, with money borrowed from the banks. In addition, the large banks began speculating with the money of their depositors and commercial banks made forays into underwriting. The stock market crashed on October 29, 1929, and commercial and investment banks lost $30 billion by mid-November. While the crash only affected bankers, brokers, and some investors and while most people still had their jobs, the crash brought about a credit crunch. Credit became so scarce that by 1931 more than 500 U.S. banks folded, as the Great Depression continued. As a result, investment banking all but frittered away. Securities issues no longer took place for the most part and few people could afford to invest or would be willing to invest in the stock market, which kept sinking. Because of crash, the government launched an investigation led by Ferdinand Pecora, which became known as the Pecora Investigation. After exposing the corrupt practices of commercial and investment banks, the investigation led to the establishment of the Securities and Exchange Commission (SEC) as well as to the signing of the Banking Act of 1933, also known as the Glass-Steagall Act. The SEC became responsible for regulating and overseeing in-vesting in public companies. The Glass-Steagall Act mandated the separation of commercial and investment banking and from then—until the late 1980—banks had to choose between the two enterprises. Further legislation grew out of this period, too. The Revenue Act of 1932 raised the tax on stocks and required taxes on bonds, which made the practice of raising prices in the different tiers of the syndicate system no longer feasible. The Securities Act of 1933 and the Securities Exchange Act of 1934 required investment banks to make full disclosures of securities offerings in investment prospectuses and charged the SEC with reviewing them. This legislation also required companies to regularly file financial statements in order to make known changes in their financial position. As a result of these acts, bidding for investment banking projects became competitive as companies began to select the lowest bidders and not rely on major traditional companies such as Morgan Stanley and Kuhn, Loeb. The last major effort to clean up the investment banking industry came with the U.S. v. Morgan case in 1953. This case was a government antitrust investigation into the practices of 17 of the top investment banks. The court, however, sided with the defendant investment banks, concluding that they had not conspired to monopolize the U.S. securities industry and to prevent new entrants beginning around 1915, as the government prosecutors argued. By the 1950s, investment banking began to pick up as the economy continued to prosper. This growth surpassed that of the 1920s. Consequently, major corporations sought new financing during this period. General Motors, for example, made a stock offering of $325 million in 1955, which was the largest stock offering to that time. In addition, airlines, shopping malls, and governments began raising money by selling securities around this time. During the 1960s, high-tech electronics companies spurred on investment banking. Companies such as Texas Instruments and Electronic Data Systems led the way in securities offerings. Established investment houses such as Morgan Stanley did not handle these issues; rather, Wall Street newcomers such as Charles Plohn & Co. did. The established houses, however, participated in the conglomeration trend of the 1950s and 1960s by helping consolidating companies negotiate deals. The stock market collapse of 1969 ushered in a new era of economic problems which continued through the 1970s, stifling banks and investment houses. The recession of the 1970s brought about a wave of mergers among investment brokers. Investment banks began to expand their services during this period, by setting up retail operations, expanding into international markets, investing in venture capital, and working with insurance companies. While investment bankers once worked for fixed commissions, they have been negotiating fees with investors since 1975, when the SEC opted to deregulate investment banker fees. This deregulation also gave rise to discount brokers, who undercut the prices of established firms. In addition, investment banks started to implement computer technology in the 1970s and 1980s in order to automate and expedite operations. Furthermore, investment banking became much more competitive as investment bankers could no longer wait for clients to come to them, but had to endeavour to win new clients and retain old ones. ORGANIZATIONAL STRUCTURE & CORE BANKING ACTIVITIES: Investment banking is split into front office, middle office, and back office activities. While large service investment banks offer all lines of business, both sell side and buy side, smaller sell side investment firms such as boutique investment banks and small broker-dealers focus on investment banking and sales/trading/research, respectively. Investment banks offer services to both corporations issuing securities and investors buying securities. For corporations, investment bankers offer information on when and how to place their securities on the open market, an activity very important to an investment bank’s reputation. Therefore, investment bankers play a very important role in issuing new security offerings. Front Office: Investment Banking: Corporate finance is the traditional aspect of investment banks which also involves helping customers raise funds in capital markets and giving advice on mergers and acquisitions (M&A). This may involve subscribing investors to a security issuance, coordinating with bidders, or negotiating with a merger target. Another term for the investment banking division is corporate finance, and its advisory group is often termed mergers and acquisitions. A pitch book of financial information is generated to market the bank to a potential M&A client; if the pitch is successful, the bank arranges the deal for the client. The investment banking division (IBD) is generally divided into industry coverage and product coverage groups. Industry coverage groups focus on a specific industry, such as healthcare, industrials, or technology, and maintain relationships with corporations within the industry to bring in business for a bank. Product coverage groups focus on financial products, such as mergers and acquisitions, leveraged finance, public finance, asset finance and leasing, structured finance, restructuring, equity, and high-grade debt and generally work and collaborate with industry groups on the more intricate and specialized needs of a client. Sales and Trading: On behalf of the bank and its clients, a large investment bank’s primary function is buying and selling products. In market making, traders will buy and sell financial products with the goal of making money on each trade. Sales is the term for the investment bank’s sales force, whose primary job is to call on institutional and high-net-worth investors to suggest trading ideas (on a caveat emptor basis) and take orders. Sales desks then communicate their clients’ orders to the appropriate trading desks, which can price and execute trades, or structure new products that fit a specific need. Structuring has been a relatively recent activity as derivatives have come into play, with highly technical and numerate employees working on creating complex structured products which typically offer much greater margins and returns than underlying cash securities. In 2010, investment banks came under pressure as a result of selling complex derivatives contracts to local municipalities in Europe and the US. Strategists advise external as well as internal clients on the strategies that can be adopted in various markets. Ranging from derivatives to specific industries, strategists place companies and industries in a quantitative framework with full consideration of the macroeconomic scene. This strategy often affects the way the firm will operate in the market, the direction it would like to take in terms of its proprietary and flow positions, the suggestions salespersons give to clients, as well as the way structures create new products. Banks also undertake risk through proprietary trading, performed by a special set of traders who do not interface with clients and through â€Å"principal risk†Ã¢â‚¬â€risk undertaken by a trader after he buys or sells a product to a client and does not hedge his total exposure. Banks seek to maximize profitability for a given amount of risk on their balance sheet. The necessity for numerical ability in sales and trading has created jobs for physics, mathematics and engineering Ph.D.s who act as quantitative analysts. Equity Research: The research division reviews companies and writes reports about their prospects, often with â€Å"buy† or â€Å"sell† ratings. While the research division may or may not generate revenue (based on policies at different banks), its resources are used to assist traders in trading, the sales force in suggesting ideas to customers, and investment bankers by covering their clients. Research also serves outside clients with investment advice (such as institutional investors and high net worth individuals) in the hopes that these clients will execute suggested trade ideas through the sales and trading division of the bank, and thereby generate revenue for the firm. There is a potential conflict of interest between the investment bank and its analysis, in that published analysis can affect the bank’s profits. Hence in recent years the relationship between investment banking and research has become highly regulated, requiring a Chinese wall between public and private fun ctions. Asset Management:[pic] The asset management division manages money for institutions, such as mutual funds, and wealthy individuals. The business is divided into three sub-divisions. Asset Management Division has the responsibility to co-ordinate and facilitate in term of Strategic and Development Programme in Asset Management. Data Management, Performance Managing and Information in Asset Management. †¢ Fund Management: This division manages a number of funds, each with a different focus and strategy. For example: the asset management division may have three funds, one focused on private equity investments in emerging markets, another dealing with arbitrage trades, and yet another that buys and holds corporate debt. Clients can choose to place their money with either of these funds. Some banks, such as Bank of New York Mellon, manage exchange-traded funds that are accessible to retail investors. The bank earns revenue by charging a fee for assets under management, and sometimes by charging a commission based on returns. †¢ Private Banking and Wealth Management: The division manages banking activities of extremely wealthy individuals. Apart from providing regular banking services, such as check clearing, the division also advise such individuals on tax strategy and investments. They work closely with other parts of the asset management division to provide a comprehensive service, e.g. work with fund management to invest in different strategies. †¢ Prime Brokerage: The division deals with professional asset managers, such as mutual funds and hedge funds. Their services include executing trades on behalf of these clients, holding custody of their assets, and advising them on potential opportunities. For example: When Berkshire Hathaway (BRK) needs to buy a certain security from public markets, it uses a prime broker to buy and hold the security on its behalf. The division works closely with the Sales and Trading division. Additionally, the prime brokerage can also help its clients (hedge funds) to find investors. Middle Office: This area of the bank includes risk management, treasury management, internal controls, and corporate strategy. Risk management involves analyzing the market and credit risk that traders are taking onto the balance sheet in conducting their daily trades, and setting limits on the amount of capital that they are able to trade in order to prevent â€Å"bad† trades having a detrimental effect on a desk overall. Another key Middle Office role is to ensure that the economic risks are captured accurately (as per agreement of commercial terms with the counterparty), correctly (as per standardized booking models in the most appropriate systems) and on time (typically within 30 minutes of trade execution). In recent years the risk of errors has become known as â€Å"operational risk† and the assurance Middle Offices provide now includes measures to address this risk. When this assurance is not in place, market and credit risk analysis can be unreliable and open to deliberate manipulation. Additionally, corporate treasury is responsible for an investment bank’s funding, capital structure management, and liquidity risk monitoring. Financial control tracks and analyzes the capital flows of the firm, the Finance division is the principal adviser to senior management on essential areas such as controlling the firm’s global risk exposure and the profitability and structure of the firm’s various businesses via dedicated trading desk product control teams. In the United States and United Kingdom, a Financial Controller is a senior position, often reporting to the Chief Financial Officer. Corporate strategy, along with risk, treasury, and controllers, also often falls under the finance division. Back Office: Operations: This involves data-checking trades that have been conducted, ensuring that they are not erroneous, and transacting the required transfers. Many banks have outsourced operations. It is, however, a critical part of the bank. Due to increased competition in finance related careers, college degrees are now mandatory at most Tier 1 investment banks. A finance degree has proved significant in understanding the depth of the deals and transactions that occur across all the divisions of the bank. Technology: Every major investment bank has considerable amounts of in-house software, created by the technology team, who are also responsible for technical support. Technology has changed considerably in the last few years as more sales and trading desks are using electronic trading. Some trades are initiated by complex algorithms for hedging purposes. Firms are responsible for compliance with government regulations and internal regulations. †¢ Principal Investing and Proprietary Trading:[pic] Investment banks have attempted to increase their return on equity by investing their own capital into certain ventures. The bank invests its own capital by taking a equity or debt stake in corporations with the aim of influencing the management. The motive is very similar to that private equity investors — the bank tries to profit by turning around companies. The bank can also take short-term positions in the market with its own capital. This is known as proprietary trading, and the bank attempts to earn a profit by correctly predicting market movements. Proprietary trading is very different from normal sales and trading operations — where the banks revenue is primarily dependent on the volume of trade it executes on behalf of its client. The notion of the bank risking its own capital can be traced back ever since banking was invented. J.P. Morgan, founder of J P Morgan Chase, was an extremely successful investor. However, in recent years, Goldman Sachs has been the leader in this field — in 2007, the bank profited greatly from the proprietary trades that it made against the sub-prime market. In many cases, the banks allow other investors to invest in such ventures (and charge a management fee). This puts them in direct competitor with hedge funds and private equity firms for both investors and investing opportunities. INVESTMENT BANKING IN THE 20TH CENTURY: In the mid-20th century, large investment banks were dominated by the dealmakers. Advising clients on mergers and acquisitions and public offerings was the main focus of major Wall Street partnerships. These â€Å"bulge bracket† firms included Goldman Sachs, Morgan Stanley, Lehman Brothers, First Boston and others. That trend began to change in the 1980s as a new focus on trading propelled firms such as Salomon Brothers, Merrill Lynch and Drexel Burnham Lambert into the limelight. Investment banks earned an increasing amount of their profits from proprietary trading. Advances in computing technology also enabled banks to use more sophisticated model driven software to execute trades and generate a profit on small changes in market conditions. In the 1980s, financier Michael Milken popularized the use of high yield debt (also known as junk bonds) in corporate finance and mergers and acquisitions. This fuelled a boom in leverage buyouts and hostile takeovers (see History of Private Equity). Filmmaker Oliver Stone immortalized the spirit of the times with his movie, Wall Street, in which Michael Douglas played the role of corporate raider Gordon Gekko and epitomized corporate greed. Investment banks profited handsomely during the boom years of the 1990s and into the tech boom and bubble. When the tech bubble burst, it precipitated a string of new legislation to prevent conflicts of interest within investment banks. Investment banking research analysts had been actively promoting stocks to investors while privately acknowledging they were not attractive investments. In other instances, analysts gave favourable stock ratings to corporate clients in the hopes of attracting them as investment banking clients and handling potentially lucrative initial public offerings. These scandals paled by comparison to the financial crisis that has enveloped the banking industry since 2007. The speculative bubble in housing prices along with an overreliance on sub-prime mortgage lending trigged a cascade of crises. Two major investment banks, Bear Stearns and Lehman Brothers, collapsed under the weight of failed mortgage-backed securities. In March, 2008, the Federal government began using a variety of taxpayer-funded bailout measures to prop up other firms. The Federal Reserve offered a $30 billion line of credit to J.P. Morgan Chase to that it could acquire Bear Sterns. Bank of America acquired Merrill Lynch. The last two bulge bracket investment banks, Goldman Sachs and Morgan Stanley, elected to convert to bank holding companies and be fully regulated by the Federal Reserve. Moving forward, the recent financial crisis has weakened both the reputation and the dominance of U.S. investment banking organizations throughout the world. The growth of foreign capital markets along with an increase in pools of sovereign capital is changing the landscape of the industry. The growing international flow of capital has also opened up opportunities for investment banking in new financial centers around the world, including those in developing countries such as India, China and the Middle East SIZE OF THE INDUSTRY: Global investment banking revenue increased for the fifth year running in 2007, to a record US$84.3 billion, which was up 22% on the previous year and more than double the level in 2003. Subsequent to their exposure to United States sub-prime securities investments, many investment banks have experienced losses since this time. The United States was the primary source of investment banking income in 2007, with 53% of the total, a proportion which has fallen somewhat during the past decade. Europe (with Middle East and Africa) generated 32% of the total, slightly up on its 30% share a decade ago. Asian countries generated the remaining 15%. Over the past decade, fee income from the US increased by 80%. This compares with a 217% increase in Europe and 250% increase in Asia during this period. The industry is heavily concentrated in a small number of major financial centres, including City of London, New York City, Hong Kong and Tokyo. Investment banking is one of the most global industries and is hence continuously challenged to respond to new developments and innovation in the global financial markets. New products with higher margins are constantly invented and manufactured by bankers in the hope of winning over clients and developing trading know-how in new markets. However, since these can usually not bepatented or copyrighted, they are very often copied quickly by competing banks, pushing down trading margins. For example, trading bonds and equities for customers is now a commodity business, but structuring and trading derivatives retains higher margins in good times—and the risk of large losses in difficult market conditions, such as the credit crunch that began in 2007 . Each over-the-counter contract has to be uniquely structured and could involve complex pay-off and risk profiles. Listed option contracts are traded through major exchanges, such as the CBOE, and are almost as commoditized as general equity securities. In addition, while many products have been commoditized, an increasing amount of profit within investment banks has come from proprietary trading, where size creates a positive network benefit (since the more trades an investment bank does, the more it knows about the market flow, allowing it to theoretically make better trades and pass on better guidance to clients). The fastest growing segments of the investment banking industry are private investments into public companies (PIPEs, otherwise known as Regulation D or Regulation S). Such transactions are privately negotiated between companies and accredited investors. These PIPE transactions are non-rule 144A transactions. Large bulge bracket brokerage firms and smaller boutique firms compete in this sector. Special purpose acquisition companies (SPACs) or blank check corporations have been created from this industry.

The International Institute For Sustainable Development...

Issue A pointed emphasis on all that we, as humans do, is focused on environmental protection, energy conservation, and sustainability. However, long-term economic benefits must also be included as a central theme for enduring prosperity (Wang et al., 2014). The construction industry has longed been blamed for unstructured practices owing to lack of oversight, fractured coordination and self-interest that has contributed to negative environmental outcomes (Wang et al., 2014). This paper focuses on a case study that uses a sustainable project management philosophy purported to create long-term sustainability of a large social housing project. Background The International Institute for Sustainable Development defines sustainability for business as, ‘Adopting business strategies and activities that meet the needs of the enterprise and its stakeholders today, while protecting, sustaining and enhancing the human and natural resources that will be needed in the future (2001:1). Essentially, this definition stipulates that a balance be found between people, the planet, and economic benefit. Typically, in the construction industry many resources are drawn into a complex building project. Clients, financiers, government, architects, engineers, project managers, consultants and other stakeholders each play a part in producing the end product. However, their interests are varied and can be at cross-purposes. This typically results in a fractured and disjointed approach to building.Show MoreRelatedWhat Is Landscape Architecture and Its Role in Sustainable Development ?3052 Words   |  13 PagesWhat is Landscape Architecture and Its role in Sustainable Development ? 1.0 Introduction Landscape architects plan the most harmonious relationships between the land and the objects on it by proper combination of open space and planting. They may work on parks, gardens, housing projects, school campuses, golf courses, or airports. They begin a project by reviewing the needs and desires of the client. They study the site, mapping such features as the slope of the land, existing structures andRead MoreHousing Issues South Africa7704 Words   |  31 PagesHabitat International 31 (2007) 291–302 www.elsevier.com/locate/habitatint Sustainable urban development? Low-cost housing challenges in South Africa Allison GoebelÃÆ' Environmental Studies and Women’s Studies, Queen’s University, Kingston, Ont., Canada K7L 3N6 Abstract Low-cost housing provision has been a major focus of government in post-apartheid urban South Africa. While successes can be noted, there is growing concern regarding the social and environmental sustainability of housing programsRead MoreCorporate Social Responsibility and Stakeholder Capital6173 Words   |  25 PagesCorporate Social Responsibility and Emergent Models in Management of Stakeholder Capital in Philippine Conglomerates Serafin D. Talisayon Fifth International Research Workshop on Asian Business Singapore Management University, Singapore 13 April 2009 Abstract The paper adopts a social benefit-cost analysis framework to look at three stages in the historical development of management of stakeholder capital of corporations in the Philippines. The first two stages were government-driven. Stage OneRead MoreThe Importance of Environment Friendly Urban Development4989 Words   |  20 PagesImportance of Environmentally Friendly Urban Development Introduction All over the world, there are people and businesses that are attempting to find ways in which to improve their environmental conditions. One of the ways this can be done is by going green - and that is possible not only in rural and suburban areas, but also in urban environments. The term going green is not literally related to a color, but instead refers to the process of finding sustainable and reusable materials and methodsRead MoreCorporate Social Responsibility15903 Words   |  64 PagesCORPORATE SOCIAL RESPONSIBILITY (CSR) is a term describing a company’s obligation to be accountable to all of its stakeholder in all its operation and activities. Socially responsible companies consider the full scope of their impact on communities and the environment when making decisions, balancing the needs of stakeholder with their need to make profit. A company’s stakeholders are all those who are influenced by and can influence a company’s decisions and action, both locally and globally. BusinessRead MoreIkea at a Glance26682 Words   |  107 PagesThe Never Ending Job Sustainability Report 09 IKEA AT * A GLANCE * fINANCIAL yEAR 2009 (1 September 2008 to 31 August 2009) SALES PER REGION THE IKEA GROUP opened 15 new stores last year and in August 2009 had 267 stores, which welcomed a total of 590 million visitors during the year. A further 34 stores are owned and run by franchisees outside the IKEA Group. For an up-to-date list of all IKEA Group stores, please visit: www.ikea.com ââ€"   Asia and Australia 5% ââ€"   North America 15%Read MorePhilippines Anti-Poverty Program Through Peoples Participation9101 Words   |  37 PagesPHILIPPINES ANTI-POVERTY PROGRAM THROUGH PARTICIPATORY PLANNING Submitted to the Faculty of the Graduate School University of St. La Salle Bacolod City In Partial Fulfillment of the Requirements In: Rural Development Management Professor: Dr. Enrique Paderes, PhD. Greg C. Villanueva 2010 TABLE OF CONTENTS Page No. Title Page †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.... Table of Contents†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 1 List of Figures†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 2 Read MorePhilippines Anti-Poverty Program Through Peoples Participation9113 Words   |  37 PagesPHILIPPINES ANTI-POVERTY PROGRAM THROUGH PARTICIPATORY PLANNING Submitted to the Faculty of the Graduate School University of St. La Salle Bacolod City In Partial Fulfillment of the Requirements In: Rural Development Management Professor: Dr. Enrique Paderes, PhD. Greg C. Villanueva 2010 TABLE OF CONTENTS Page No. Title Page †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.... Table of Contents†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 1 List of Figures†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 2 PART I A. BACKGROUNDRead MoreThe Role Of The Oil Boom2063 Words   |  9 Pagesand development of how it looks today. Abu Dhabi in the present day is a modern city with tall skyscrapers and wide grid-pattern roads. Being the capital of United Arab Emirates, it is the country’s center of political and industrial activities. As a former desert strip, Abu Dhabi is now known for its greenery and a prosperous city because of its revenues from oil, technology and tourism. In this essay, I will be discussing about how the role of the oil boom played a part in the development in theRead MoreDeveloping Rural Finance in India3738 Words   |  15 Pagesareas, whether provided through formal or informal mechanisms. Financial Development can exert a significant influence on the distribution of Income. In this paper, using Indian rural financial programs implemented by various financial institutions like NABARD, IFAD, SHC, etc. we investigated the various reforms / developments in Indian r ural financial system. The investigation shows that, despite positive economic development in India in recent years, the number of people living below the poverty