Mumbai Slums Essay Example for Free

Mumbai Slums Essay An earthquake occurs when there is a sudden release of energy in the Earths crust that causes seismic waves. Earthquakes are typically caused by opening of geological faults. They are however also caused by volcanic activity, landslides, mine blasts, and nuclear experiments. The effects of earthquakes are many and far reaching. Earthquakes cause shaking and ground ruptures which result in less or sometimes more severe damage to buildings or other rigid structures. Earthquakes also results in landslides and avalanches, which sometimes causes damage in hilly and mountain areas. After an earthquake, the place can catch fire by breaking of the electrical power or gas lines. Because of the shaking, sometimes the soil liquefies, the loose saturated cohesion less soil loses its strength and temporarily transforms from a solid to a liquid state. Soil liquefaction causes firm structures like buildings and bridges to slant or sink into a liquefied state. Earthquakes result in loss of life, damage to property, fatal diseases, lack of basic necessities and it affects the financial and economical structure of the country. Some safety measures are used so that the government, individual and businesses can prepare themselves against this calamity. To reduce the damage, retrofitting techniques and modern earthquake resistant designs of new buildings and lifeline structures like bridges, hospitals and power plants are used in earthquake prone areas. The emergency services under the local and state government ensure that the public is safe by dealing with the crisis. Individuals and businesses are encouraged by governments to have an earthquake kit and supplies for three days at hand. As a result of an increase of the number of seismic stations today, the earthquakes are reported more than in the past, which help in the preparation process. Slums in Mumbai Slums always existed in Mumbai. In 19th century, slums grew around mills and other places of employment. Now they grow where ever there is empty space. Slum dwellers today cover 60% of Mumbai’s population. The government tried to rectify the problem in 1985 by passing the Slum Upgradation Project. Regrettable the project targeted only 10-12% of the slum population, those who were able to of upgrade their homes. It ignored inhabitants in slums, those who did not have homes at all. In spite of all the attempts to cure the problem of slums in Mumbai, slums are still growing. The growth rate of slums is actually greater than the growth rate of general urban. It is estimated that everyday 100 to 300 new families come to Mumbai. Most of them end up in a slum colony or just put up a shanty on the on the footpath. Due to migration, the city’s population is increasing and with it the slums. These facts show that migration has to stop to cure the problem of slums. According to Professor RN Sharma, (the head of the Urban Studies Unit in Tata Institute of Social Sciences), Mumbai, the city is unquestionably disintegrating into slums. A Jockin of SPARC, (the NGO that works for slums) said that the rehabilitation process is the only solution to the problem of slums in Mumbai. He said: â€Å"This talk about Mumbai having predominantly slums is rubbish. Already 67 per cent of slums on railway land have been re-settled. The airport project and the rehabilitation near Mithi River is also happening at a good pace. These figures of slum population rising is not true†. Former housing minister Nawab Mallik also agreed that rehabilitation is a best way to get rid of slums. References: Earthquake. (2007, November 4). Retrieved November 5, 2007 from World Wide Web: http://en. wikipedia. org/wiki/Earthquake Juneja, Saakshi. (2006, January 9). Mumbai Slums. Retrieved November 5, 2007 from the World Wide Web: http://mumbai. metblogs. com/archives/2006/01/mumbai_slums. phtml Slums. Retrieved November 5, 2007 from the World Wide Web: http://www. macalester. edu/courses/GEOG61/espencer/slums. html Slums: The Magnitude of the Problem. Retrieved November 5, 2007 from World Wide Web: http://theory. tifr. res. in/bombay/amenities/housing/slum-stats. html

Death Of A Salesman: Symbols :: essays research papers

Death of a Salesman: Symbols Many symbols are incorporated into the play "Death of a Sales man" and they in turn relate to both character and theme. The hose, tape recorder and the seeds are some of these symbols. The hose in Miller's drama directly relates to the theme of d eath. The hose is a line attached to the gas main in Willy's house which allows him to snif f the gas. This action can be seen as Willy's suicide wish, and escape from the realities of life. As seen in the loss of his job and his failure to succeed. The hose also represents grief and deception. For when Linda, Willy's wife, finds the hose, she is distraught over its in tended purpose. The deceptive nature of the hose is apparent when Willy is confronted about it by Biff his son and Willy denies its existence. A similar denial is also evident when Willy is confronted with the tape recorder in Howard's office. The tape recorder signifies the change in Willy's life throug h the advancement of technology. It also represents the end of Willy's career. This is brought about when Howard, Willy's boss and godson, shows the tape recorder to Willy and appe ars to be more interested in the sound and technology of the machine instead of Willy, who i s fighting for his job. Howard no longer need s Willy's services and without concern fires him. This , to Willy, was like, "eating the orange and throwing away the peel". However, Willy is partly to blame, as he does not accept change and wants to remain in the pas t. This is foreshadowed in the scene where Willy is left alone with the tape recorder and is unable to shut it off. Willy believes in using his old techniques and style to succeed. Nevertheless, in his job, it is not what you know, but it is who you know. Willy is not up to date with the business nor technology. Yet, Willy still has hope, and wishes to leave some fo rm of support behind for his family as illustrated in his planting of the seeds. Willy feels that he must leave something behind something for Biff. In Willy's imaginary world he wants Biff to be magnificent and he symbolically plants seeds in his garden. In spite of such an action he is doomed to fail. Willy sta rts planting the seeds at night, but at night there is no sun shining and this seems

Midland Energy Resources, Cost of Capital

Midland Energy Resources, Cost of Capital The case is about how Janet Mortensen, senior vice president of project finance for Midland Energy Resources, prepare her annual cost of capital estimates for midland and each of its three divisions for her company. Midland was a global energy company with operations in oil and gas exploration and production (E&P), refining and marketing(R&M), and petrochemicals. Estimates of cost of capital prepared by Mortensen were used in many analyses within Midland, including asset appraisals for both capital budgeting and financial accounting, performance assessments.Since her calculations had been widely applied in various areas and became influential, she was considering appending a sort of user’s guide to the 2007 set of calculations for reference to different applications. Mortensen used WACC formula to estimate cost of capital, compute the cost of debt by adding a premium over US Treasury securities of a similar maturity, and calculate the cost of equity by using the CAPM formula. After reviewing the case and tables given, we calculated the company’s composite WACC and WACCs for each division respectively. The company’s composite WACC is 8. 19%. The inputs we used are spread to treasury of 1. 2%, debt ratio of 42. 2%, Treasury bond yields of 4. 98% at a 30-year maturity, the 2006 tax rate of 39%, beta of 1. 25, and EMRP of 5%. However, we do not think that EMRP given in the case is appropriate. Instead, we recommend 3. 3%, which is the most recent EMRP estimate according the survey results in the Exhibit 6. Midland cannot use the same WACC for all divisions. It has three different divisions with different risk or Beta, which is given in Exhibit 5. If midland uses same WACC for all division it can accept risky investment or some time it may mislead by giving up profitable investment.It should use corporate WACC only for corporate level decision. WACC for E&P and R&M is calculated by using cost of debt by adding risk free rate plus spread to TB. From the Exhibit 5, weights for debt and Equity are calculated. WACC of E&P is 8. 82 and R&F is 9. 83. Both WACC are different to each other because they have different risk level, leverage and credit rating. Calculation Part: WACC (E&P):=rd(D/V)(1-t)+re(E/V)=6. 58*0. 2847(1-0. 39)+10. 73*0. 7153=8. 8178 rd=rf+spread =4. 98+1. 6=6. 58, re=rf+B(EMRP)=4. 98+1. 15*5=10. 73 D/E=0. 398 or V-E/E=0. 398 or E/V=0. 7153D/V=1-E/V=1-0. 7153=0. 2847 WACC (R&M)=rd(D/V)(1-t)+re(E/V)=6. 78*0. 1687(1-0. 39)+10. 98*0. 8313=9. 8253 rd= rf+spread =4. 98+1. 8=6. 78re= rf+B(EMRP)=4. 98+1. 2*5=10. 98 D/E=0. 203orV-E/E=0. 203orE/V=0. 8313, D/V=1-E/V=1-0. 8313=0. 1687 For Petrochemical division, since we don’t have sufficient information of that division. We cannot compute our Beta so that we cannot get an exact number of WACC for the division. If the managers want to have a rough estimate, they can use the overall Beta as an average for three divisions and c alculate the Beta for Petrochemical division. Then they can get the WACC.

Satyam The Tiger Of India - 2951 Words

Satyam - The Tiger of India I. Background Several years after Enron and its subsequent landmark regulation Sarbanes-Oxley, significant frauds in the corporate environment are still occurring. Throughout all of the major corporate frauds committed over the past 15 years, the underlying red flags and symptoms are the same. Internal controls are being overridden without regard, CEOs are manipulating the financial statements to meet analyst financial metrics and corporate cash coffers are being raided for personal use. Well respected audit and oversight firms are jeopardizing their reputations by consistently missing the obvious while C-level perpetrators are escaping harsh prosecution. Satyam Computer Limited is one such firm in India. The†¦show more content†¦There was such obvious and blatant fraud occurring at many levels in the firm. This paper will provide a high level overview of the types of fraud while providing a fraud audit program for a specific type of fraud. It is important to note several key factors that contribute to the corporate debauchery occurring in India. Most notably, the Indian accounting profession is self-regulated. â€Å"India, by sticking to the self-regulatory model, is set up for market failure. (livemint.com) As capitalism is to America, lack of regulation is to India with subsequent effects of corruption. Business in India, regardless of industry, is replete with corruption and bribery. Not surprisingly these nefarious ideals found their way into the corporate governance of Indian firms and filter down into the day to day business operations. License Raj, a colloquial term coined in the late 1970s, indicates a period in which to establish a business and obtain necessary operating permits, owners are required to pay bribes to government officials. ( Per Audit TEXT) Satyam experienced explosive growth and outpaced other firms in the industry from 2003-2008. According to the journal article Corporate Accounting Fraud: A Case Study of Satyam Computers Limited, Satyam realized 35% annual growth where the industry standard was 6.4%. The article also indicated Satyam had 40% earnings-per-share growth and

The Case Of Paul Kornak - 1134 Words

In the case of Paul Kornak, he was found guilty on multiple accounts. He plead guilty to three criminal charges which are as follows, materially false statement, mail fraud and criminally negligent homicide. Kornak filled out an application for employment with the VA and falsely filled out that he had never been convicted or placed on probation. This was not true as he was convicted in 1993 for obtaining a false medical license and had to serve 3 years of probation. Kornak was employed by Stratton VA Medical Center in the oncology research program where he was a coordinator for the atherosclerosis study and a bladder cancer study. Throughout these two studies he submitted documentation about patients that was false and allowed subjects who did not follow protocol, to enter studies. He was charged with criminally negligent homicide when a study subject died. Kornak used false results stating that the individual blood analysis supported that the subject was able to go through with t he study, which was taking chemotherapeutic drugs. The actual results showed that the participate kidneys and liver were below average functioning levels, thus the patient should not have been allowed to go on with the study. Kornak admitted to the above charges. According to the case summary completed by the office of research integrity, Kornak was charged with a lifetime debarment to â€Å"protect the public interest overall† this is due to â€Å"his longstanding pattern of criminal behavior and his

Roger David Kornberg And The Biological Synthesis

Roger David Kornberg was born on September 24, 1947 in St. Louis, Missouri as the oldest of Arthur Kornberg and Sylvy Ruth Levy’s three sons. He grew up with very strong science roots as both of his parents were renowned scientists; his mother was a biochemist while his father, also a biochemist, gained notoriety as for his award-winning contribution to the science field. Like how Roger Kornberg would later achieve, Arthur Kornberg co-won the Nobel Prize (1959) in the division of Physiology or Medicine for discovering mechanisms involved in the biological synthesis of deoxyribonucleic acid (DNA). Roger mentioned the significance that his parents’ careers had on his upbringing in an interview, stating that everything—from leisure activities to dinner conversations—revolved around the world of science. This early influence carried on further in to his life, as Kornberg eventually matriculated to Harvard University to study chemistry. He earned his bachelorâ €™s degree in 1967 and resumed his education as a graduate student at Stanford University. There, in 1972, he obtained his Ph.D. in chemical physics. Kornberg’s affiliation with Stanford brought him back in 1978 as a professor in structural biology; the six years since earning his Ph.D. having been spent on post-grad work in Cambridge University (England) and as an assistant professor in Harvard Medical School, where he conducted research in the field of molecular biology and taught biochemistry, respectively. He won his

Descartes’ Dualism Free Essays

The concept of Dualism or the theory that there is a division between the mind and the body is not a novel one. It originated as early as the time of Plato and Aristotle. Rene Descartes’ concept of Dualism, otherwise known as Cartesian Dualism, is considered one of his greatest contributions in the history of philosophy. We will write a custom essay sample on Descartes’ Dualism or any similar topic only for you Order Now He was the first to argue that the mind is a non-material entity which is distinct and separate from the brain. He also identified the mind with concepts such as self-awareness and self-consciousness. It is widely regarded that the sharp division between the mind and the body is the most basic fact of our human existence. This essay will focus on Descartes’ concept of Dualism. The very foundations of his philosophy which led him to the theory of dualism will likewise be tackled. Concepts such as Cogito Ergo Sum will also be discussed since it serves as the foundation for Cartesian dualism. At the concluding part of this paper, I intend to state my position on Descartes’ Dualism Descartes’ Dualism In his work, Meditations, Descartes began his journey by clearing the mind of all the rubbish knowledge that had been handed down from generations to generations. He was aware that the ideas of his contemporaries were all shaped by biases and prejudices. He challenged himself to eliminate these prejudices so that he could arrive at the very foundations of knowledge. He also refused to accept the Aristotelian and Scholastic philosophy which had dominated the traditional philosophical thought throughout the Medieval Period. (â€Å"Rene Descartes†) He thought that if true knowledge is to be attained then we must start from the very foundation of our knowledge. He thus began his philosophy by doubting everything that he could not be certain. Descartes doubted everything around him. He doubted the existence of the physical universe and even his body. He thought that it is very much possible that he could be hallucinating about the existence of this physical world or his physical self. He even doubted his senses, to wit: â€Å"All that I have, up to this moment, accepted as possessed of the highest truth and certainty, I received either from or through the senses. I observed, however, that these sometimes misled us; and it is the part of prudence not to place absolute confidence in that by which we have even once been deceived. † He cautioned us not to trust everything that our senses tell us since they are deceiving. He even argued that there is a thin line that separates the walking state from the dreaming state – meaning, we cannot be actually certain whether as of the moment we are imagining or not. (Bryan Kidd) Descartes argued that on many occasions, he had actually thought that he was awake when in reality he was merely dreaming. It is possible, according to him that our whole life could be a dream. He also questioned the truths of logic and reason since it is possible that he could be deceived by a demon which has the power to make things appear to be logical. Despite all these skepticisms, Descartes argued that there is one thing that he could be certain of and that is he doubted. The mere fact that he was uncertain whether he is dreaming or awake manifests that he is in a state of doubt. If he doubted then this could only mean that he is thinking. Because he is thinking, then he is a thinking being. Thus â€Å"Cogito Ergo Sum† or â€Å"I think therefore I am. † This expression summarizes Descartes philosophy. Unlike his contemporaries who adopted the philosophical attitude of skepticism and began to doubt everything, Descartes believed that in reality it is not possible for us to doubt everything. But it is possible to arrive at true knowledge of certain things. Descartes proceeds to argue that he is sure that he has a mind that exists. Since he has a mind that thinks then it follows that the mind could exist separately from the body. He argues that he is sure that he has a mind but he still is not sure about the existence of his body since it is possible for him to be in a state of delusion still. It is possible for him to doubt that his body exists but it is not possible for him to doubt that his mind exists. He then concludes that he has a mind that is distinct from the body. He then proceeds to make a distinction between the mind and the body. The body is unconscious and is only an extension which takes up room in space while the mind which is conscious and does not take up room. The body is divisible and is subjected to the laws of physical science. The mind, on the other hand, is indivisible and is not subjected to the laws of physical science. We know that the body exists because we can perceive it. On the other hand, we know that the mind exists because of intuition. â€Å"The Argument for Mind/Body Dualism: Descartes†) Despite these differences, however, Descartes is assured after sufficient reflection that the body exists because God gave us sufficient senses of perception and the capacity to distinguish what is real from what is not. In Meditation VI, Descartes states that: â€Å" For there can be no doubt that God possesses the power of producing all the objects I am abl e distinctly to conceive, and I never considered anything impossible to him, unless when I experienced a contradiction in the attempt to conceive it aright. Further, the faculty of imagination which I possess, and of which I am conscious that I make use when I apply myself to the consideration of material things, is sufficient to persuade me of their existence. † The fundamental problem with dualism is how does the mind, which is non material and is not subjected to the laws of nature, interact with the body, which is material and is subjected to the laws of nature. It is a reality that the mind is able to influence and affect the body. The same is true with the body which can affect the mind. Descartes attempted this solve this problem in his letter to Elisabeth of Bohemia, Princess Palatine, he explained that there is an organ that links the mind from the body which is the pineal gland, a small gland in the center of the brain. With the help of this gland, the mind can control the body by sending signals to the body which enables it to walk, run or sit. Descartes emphasized however that the end goal of man is for reason to get control of the body. Since the body is associated with passions and feelings it is important for the mind to take control so that it will be able to behave rationally and rise above the needs of the body. Comments on Descartes’ Philosophy Descartes’ flirtation with the Mind and Body problem is a thorny issue which is full of complications. This is because scientific evidence itself is against this view. They consider that that the mind and the body are only one thing. From the scientists’ point of view, what Descartes’ called as the activities in the mind which is caused by non-material processes is actually caused by the neurological and chemical reactions in the brain. Nevertheless, I fully argue with his concept of dualism. The mind is not simply a result of the chemical reactions in the brain. Consciousness and self-awareness are concepts that are beyond the capacity of the material body to comprehend. Also, I believe in the immortality of the human soul which is the theory that the soul continues to exist even after it is separated from the body. The dualism of Descartes sufficiently explains why the soul continues to exist after the person dies and why it is not affected by the processes in the body. On Descartes’ theory that it is difficult to determine whether one is awake or sound asleep, I find the same to be very objectionable. I believe that if a person is thinking, perceiving, feeling, drawing inferences and making conclusions then one can be certain that he is awake and that he is not dreaming. According to Descartes, on several occasions, he had actually thought that he was awake when in reality he was merely dreaming. I believe that it is erroneous for one to say that one cannot tell the difference between being in a state of dream and being awake. Indeed it is not possible to state that a person is awake when he is really asleep precisely because when one is reflecting or thinking then he is not asleep. It would not be possible for a person to think when he is sleeping or dreaming. When one feels something then it is not possible for him to be dreaming. Indeed, experiencing the sensations of pain and pleasure are manifestations that one is awake and is not dreaming. How to cite Descartes’ Dualism, Papers