Thursday, October 31, 2019

Chessington World of Adventure, Essay Example | Topics and Well Written Essays - 2000 words

Chessington World of Adventure, - Essay Example And if they involve themselves in fun filled group activities, it will surely relax their mind and will bring down their stress levels to bare minimum. This is where the concept of amusement or theme parks comes into the picture. Even though, in amusement parks, there will be physical activities, it can be carried out in a relaxed and fun filled way. So, it will surely relax the physical and the mental part of the body. Because of this role, the amusements parks will be flocked by many people. Thus, it becomes an important duty of the amusement park administration or management to maintain the park optimally. That is, they should provide all the necessary facilities and features, with quality and safety inbuilt in it. So, this paper will analyze Chessington World of Adventure Chessington World of Adventure is a theme park located on the Surrey town of Chessington in United Kingdom. It is considered to be enjoyable place catering to the needs of people of all ages. Inside, Chessington World of Adventures and Zoo, there are ten different park areas, each with their own unique theme and rides as Beanoland, Chessington Zoo, forbidden kingdom, Land of the Dragons, Market Square, Mexicana, Mystic East, Pirate cove, Toytown and Transylvania. In recent years it has become increasing popular for an organisation to produce a mission statement and/or its ‘vision’ that sets out the purpose and general direction for the organisation (Mullins). The main mission of Chessington park is: ‘†¦create an unforgettable place of adventure for our guests and provide our customers a great day out †¦Ã¢â‚¬â„¢ With this mission as its main plank, Chessington World has put into actions its different departments to run the company successfully. The different departments, which are aiding Chessington to actualize its mission, are marketing department, followed by Human Resources, Finance, Quality, Customer Service etc. Among the many departments, which

Tuesday, October 29, 2019

Solving Eating Difficulty in Children Essay Example for Free

Solving Eating Difficulty in Children Essay Eating difficulty is an issue that is so fundamental and often case to children. Sometimes, when a child is so difficult to chew food invited to make us frustrated. Since then, usually we will try a variety of ways like providing herbal appetite enhancers and hunting childs favorite foods every day. The matters the child eating disorder also intrigued our interest to make an article about tips to overcome the difficult child to eat. Here are the details. Serve meals with small portions. Maybe the kid does not like the size of your portions that so reluctant to eat the food there. Many children are ilfeel after seeing a sizable portion. So, try to give a little so that they can eat faster and do not get bored in spend food. Get together with family Do not let children eat alone and we need to create an atmosphere of togetherness when the child was time to eat. For example, you and your husband are on the table then eat foods together. With the atmosphere of togetherness, then the childs appetite will occur slowly. Provide healthy snacks One of the things that concern by parents is the development of the child if he did not want to eat. Of course, when children are fussy eaters then its growth will be stunted and not as friends. One of the best ways to keep it is to try to give nutritional healthy snack. Give interesting snacks such as nuts, dried fruits, and nutritious bread. Variety of food and a nice appearance Perhaps, he needs a variety of foods that your appetite he has incurred. For example, you could give spinach on the first day, broccoli on the second day, and chicken-based dishes in the next day. Variety of foods is a very important thing to prevent children from boredom and the desire not to eat. However, there is one more thing that could trigger a childs appetite, which is an interesting food dish. For example, you can cook carrots to form a star or a unique object. Children will be attracted by the shape and believed to increase appetite. Hopefully, some difficulty eating kids tips above can help you.

Saturday, October 26, 2019

The Financial Effect of Bernie Madoffs Ponzi Scheme

The Financial Effect of Bernie Madoffs Ponzi Scheme Bernard L. Madoff, simply known as Bernie is an American allegedly the operator of what is known as the largest Ponzi scheme in history. Bernie before his capture, acted as the stock broker, investment advisor and non-executive chairman of the NASDAQ stock market (Cherry and Wong 11). It was not later than 2009 when Madoff pleaded guilty; he was guilty for turning his wealth management business into a massive Ponzi scheme. This scheme according to various sources defrauded thousands of investors billions of dollars (Cherry and Wong 16). In 1960, Bernard Madoff founded one of the biggest firms in Wall Street. He was the chairman of his company Madoff Investment Securities LLC, until his arrest was warranted on the December of 2008 (Forbes 21). Before his arrest, the Madoff Investment Securities emerged as one of the top market maker businesses on the Wall Street (Forbes 27). After his arrest, Madoff explained to his children as a confession that most of his asset management unit of his firm was none other but a big fraud. The aim of this paper is to find out how Bernard L. Madoff managed to pull up the largest Ponzi scheme in history as well as the financial effects that this scheme had on the investors in the stock market. The Bernard Madoff Ponzi scheme left a lot of people financially wounded and as many people may think that this scheme only affect the Wall Street, research will prove otherwise. The Wall Street was just one of the victims of Madoffs Ponzi scheme. Others include BSBC and Maxam Capital Management LLC. Just to name a few. A Ponzi scheme is an investment where by fraud is involved. Usually when this scheme involves operations that pays returns to separate investors, not from the actual profit earned by the organization in question, but by profit from their own money or money paid by subsequent investors (Times 15). Due to its abnormally high but short term returns on investment, this scheme enables to entice new investors. Failure chances for this system are high mainly due to the fact that earning is usually less that the payment of the investors. How it started and its Benefiters According to Madoff, the Ponzi scheme began in early 1990s (All Sports New York 1). However, to the beliefs of the investigators or what they managed to scoop out of their investigations this scheme began earlier than that. Some say that the scheme began somewhere in the 1970s while others have different views. During the time huge amounts of money went missing from the clients accounts. The missing amounts included fabricated gains that were said to reach an estimate of $65 billion dollars (credit card compare 13). However, in order to pull out such a Ponzi is not an easy task. For one to be able to convince people to venture into a particular investment requires money and genius mind. Nevertheless, the main factor that made sure that Madoff was successful in his Ponzi scheme was his respect by other investors. He was also a well-established and esteemed financial expert with a reputation that was strengthened due to the reason that he was one of the founders of the renowned NASDAQ stock exchange and had a one term tenure as its chairman (How stuff works 2). He managed to earn the trust of his investors by his genius mind, since he ran his scheme concurrently; his was a legitimate business. He ensured that whenever his investors requested a withdrawal, Madoff Investment Company got their money to them promptly (How staff works 1). In addition to that, Madoff did not tempt his investors with unbelievable returns which were a problem of other schemers. On the contrary, this scheme did not just benefit Madoff. Jeffrey Picower, appear to have benefited the most in the scheme as his estate settled the claims against it for a figure estimated to be around $7.2 billion (Cherry and Wong 19). Another company that benefited more in the scheme is J.P. Morgan Chase Co. their benefits were seen in terms of interest and fees charged which were to the tune of a billion dollars. Other investors too were included in the scheme and while some of them have decided to return the money that they gained from the scheme some have decided to deny their involvement in the Madoff Ponzi scheme. Examples of the investors that have refused the charges include New York Mets owners Fred Wilpon and Saul Katz as well as other associated individuals and firms. These investors collectively received a collective amount of approximately $300 million; however Wilpon and Katz have rejected their involvement (Forbes 4). Other investors are still unknown but with time it is assumed that most or all the parties involved in this so called one big lie investment will be found with time. His victims The Bernard Madoff Ponzi scheme was declared as the largest Ponzi scheme in history. The so called largest fraud however has left big financial effects on the investors in the market. Most of these investors were directly linked to it while others were not. Thus in this section I am going to point out some of the victims that were affected by Madoff Ponzi scheme. To begin with, HSBC appeared to be among the largest victims of Bernard Madoff Ponzi scheme. The company became a victim of the fraud with a potential exposure of about $1billion to the investment managers collapsed venture (huffingpost 1). In addition to that, HSBCs revelation resulted from loans it offered its institutional clients, mainly hedge funds that wanted to invest with Mr. Madoff (huffingpost 1). However, the $1billion is said to be just a part of the cash provide in loans by customers who invested an approximate of $500million of their own funds in Mr. Madoffs venture (huffingpost, 2011). To ease their lose, HSBC has been put first on the list whose money will be return, however this will only be to the success of the US authorities recovering any funds that went into Madoffs ventures. On the contrary, Fairfield Greenwich Group was viewed as the greatest loser in this con of the century. The company lost an estimated amount of $7.3 billion in their Fairfield Sentry Ltd (businessinsider, 2011). Fairfield Sentry has a record of more than 15 years with an annual return of 4 to 6 percentage points above benchmark interest rates, this is a report put forward by a marketing document prepared by Zurich-based NPB New Private Bank Ltd (businessinsider, 2011).In a ten year period that ended in 2000, the companys interest rates ranged from 6.4% to 9.8%. This was due to the split-strike conversion, where the investment manager is made to buy shares belonging to large companies in the US and then entering into options contracts to limit the risk (businessinsider 2). In the wake of the Madoff Ponzi scheme, Fairfield Sentry Ltd Fixed Asset Management opened an account worth $400 million with the Madoff investments. The news of their investment falling into fraud came to them as a shock since then they had been checking with lawyers. Other potential victims to the Madoff Ponzi scheme are the giant French bank BNP Paribas, the Tokyo Based Nomula Holding Inc. and Neue Privat Bank in Zurich (WSJ 2). These two companies which raised lots of funds from investors and farmed out to hedge funds also suffered significant losses even though their loss was not compared to what Tremont Capital Management and Fairfield Greenwich Group, both of New York, had on the Madoff con of the century. Another firm that suffered as victims of the fraud was Kingate Management Ltd who lost an approximate amount of $2.5 billion while investing with Madoff (businessinsider 1). Thus while this seem to be a big loss Santander, which is known as the Eurozones largest bank by market value lost an allegedly $3.1 billion to the Madoff con (businessinsider 2). Santander had most there assets (2 billion euros) belonging to the institutional investors and international clients of its private-banking businesses (businessinsider 1). The Madoff scam did not just affect corporations but also individuals who had invested heavily in the Ponzi scheme. According to Times a family in America was clearly wiped of their wealth overnight. On the 11 of December 2008, a wife received a call that they had been waiting for 5 years in the morning from the person handling their financial matters just to tell her that they were clearly wiped of their investment. To their knowledge, they did not know it but they had been involved in the grand scheme masterminded by Bernard Madoff (Times website 1). Their investment began after they had sold their home at the peak of the market; the wife had a divorce earlier so the settlement from the divorce too was included in the investment together with other petite amounts they had saved. This however, is not the shocking news since the two lovers never really heard of the name Madoff. According to Times, their investment was carried on by a network organizer associated with Madoff. What attracted them what his 40 years fantastic achievement. Also the fact the wifes entire family was in the business for decades was enough to make them believe that their investment in Madoffs scam was a way forward. However, that is not the only family that was affected by the Madoff scandal. Thyssen Family, although not much of a family but a corporation, was also at the mist of the saga. Businessinsider.com reported that the family had been fund of funds since 1989 (businessinsider, 2011). Their involvement in the Madoff Ponzi Scheme came as a guarantee that the investment was going to bring to them a huge return. Ira Roths Family too was affected by the saga. The family had their $1 million invested through Mr. Madoffs firm. Ira found this to be a legitimate investment after finding out that his mother in law had been living on the investments return (businessinsider 2). The list of Madoffs victims goes on and on and thus making his story a very curious case to study. Most of the victims did not have a ware about of what they were doing. Despite the fact that Madoff himself was the owner of one of the top market makers companies on Wall Street was perhaps enough to blind people and make them think that all that he was offering them was a legitimate deal. After effects Bernard Madoff Ponzi scheme is seen as the biggest financial scam in history. However, this scam has left not just victims but also big after effects. Many corporations and individuals were left wondering which way forward they should take. Some of the individuals were completely wiped off their investment savings as well as ventures while others even though did not end up having nothing, need to return what they ventured in the scam. The New York Mets owners Wilpon and Katz involvement in the Madoffs Ponzi is said to affect the Mets record in various ways. The Wilpons are said to have invested heavily with Madoff, however they did not just invest their money but the Mets money and money that did not belong to them (Forbes 4). The worst part is that the Wilpons invested money that belonged to the players as well as money they used to fund other projects and TV stations. Despite the fact that, the Wilpons managed to get a lot of returns before the Madoff saga blew off, the saga has caused them now to put Mets on sale. At the beginning their allegations were that they were going to sell 20-25% of the team and none of the SNY but in April 2010 Forbes valued the team together with the SNY at around $825 million (Forbes 2). Their debt is still increasing and now both their team and the SNY are valued at around $225 million. however much the Wilpons are trying to revive the Mets and prevent it from being sold, it is quite clear that their the teams after effects from the Madoff Ponzi Scheme has robbed them off the every other alternative but to sell both the SNY and the team. However, the Madoff Ponzi scheme after effects was not just felt by individuals or corporations. This Ponzi scheme also had an effect on the stock prices as it forced scores of other hedge funds to dispose holdings and increase downward pressure on the stock prices (Forbes 2). These effects were seen after the arrest of the 70 year old investor who was widely considered to have a magic touch as an investor. In addition to that, investors across New York who had clamored to be in Ascot because of their stability of double-digit returns proficiency and the findings of wealth multiplication have all been left with neither head nor tail of what was going on in the corporation (Forbes 3). However, while others were being affected financial wise, the exposure of the fraud on a substantial scale was a upsetting to individuals who put their trust on Madoff with their fortunes and also to non-profit organizations which include Yeshiva University. This university, counted much on Madoffs alleged clandestine trading system to assist operate its institutions (Forbes 2). Justification on the Ponzi Despite the fact that the Madoff Ponzi scheme left so many remnants, a question still remains can financial scam be justified? Many people who fall into financial scams are usually the wealthy type. However, seeming like that is not enough, it has been found that most of the big players of a financial scam are also the wealthy people. For instance the Mets proprietors spent a lot of cash in the scam and thus it was until the whole business failed that they all lost. Despite that this Ponzi left a lot of financial effects of people and corporations, it also left a lesson that will never be forgotten. Madoffs Ponzi just like any other financial scam was not costly to only those who were directly involved but it also had a significant and a far reaching effect among societies nations and even worldwide (creditcardcompare.com.au 2). The Ponzi scheme was bigger than any other financial scandals which have included social security and mortgage mess. The people who have been following the story as it was being air on television and also in court are now asking themselves how much they can trust a corporation they want to invest in. Bernard Madoff Scam cost around $50 billion, and while it appeared to be the worst scam in history, it had its effects which were not just felt by the rich. However, its effects spanned to all nations in the worldwide. The rich together with the poor were all pulled by its magnet. The effect of this Ponzi scheme however has ensured that people will be more careful when it comes to investment. For instance, the two couples that sold all their properties just to invest on Madoffs ventures had not acquired the right information that would have enabled them to actually know what kind of investment they were entering. In a statement published on Times web site the couple stated that they did not know Madoff and thus their financial investment was being carried on by one of his network organizer. This is what smart investors will call lack of legitimate knowledge. More than that, other corporations were caught into the saga since they wanted to increase their profits. Also the fact that Madoff owned a big corporation on Wall Street was enough to actually convince people that his dealings were not just profitable but also legitimate. This backfired for many of the investors. Thus it is very important to actually know the company in which you are investing on. Many financial scams have come up before the Madoff Ponzi scheme but yet people are still being coned by these scam bugs. During the scam the effects are not realized. Even the person orchestrating the scam does not even think of what may happen at the end. It is until the end or after all hell has broken loose that many people come to realize that they were being coned. Thus this is what happened with the Madoff Ponzi scheme. It was not until people received phone calls that they realized that their investment ventures were just lies. However, Forbes has it that, if Madoff had not faced the $7 billion in redemption, the Ponzi scheme had not have been discovered (Forbes 2). This brings us to another lesson learned from this Ponzi greed. Some believe that greed is virtuous, especially when referring to money. However how much greed is good also becomes a question that people need to ask themselves. Madoff clearly knew that what he was doing was not right and thus probably he could have continued with it if he had kept it to the down low. Nonetheless, it is still astonishing the rewards that Madoff managed to pull out of this false investment and thus smart people could have pulled out of it. This is because it is virtually impossible to actually accumulate hefty returns similar to what Madoff gained, and it should have served as a warning to the involved parties (Forbes 1).Instead of waiting until the end where you will be left shocked how such a financial fraud was possible it would have been better if people had actually got smart and start questioning the amount of wealth that was being generated by the Madoff invisible company. Madoff may have conned many individuals, he may have left an investment scare on the financial market as many people are now left wondering where they should invest but in the long run people have to open their eyes. Conclusion In a nutshell it is quite clear that a financial investment can bring huge fortunes to someone. However, financial investments can also leave someone not knowing what has actually happened. Bernie Madoff Ponzi scheme is the latest financial scandal to have taken place and as if that is not enough it has also been labeled as the largest financial scam in history. This financial scam has left many people and corporations until now feeling the effects of the Ponzi but the question still remains will this stop people from being financially conned?

Friday, October 25, 2019

African Traditional Religions :: essays research papers fc

Traditional African Religion The Religious Sphere There is widespread belief in a supreme God, unique and transcendent. Africans have a sense of the sacred and sense of mystery; there is high reverence for sacred places, persons and objects; sacred times are celebrated. Belief in the after life is incorporated in myths and in funeral ceremonies. Religion enfolds the whole of life; there is a difference between life and religion. Ancestors mediate between God and men. It is believed that sin harms the public good; hence there are periodical purification rites in order to promote public welfare. Worship requires a fundamental attitude of strict discipline and reverence. The Ritual Sphere Rites form and essential part of social life. Rites invoke ancestors and the dead. The whole person, body, and soul are totally involved in worship. There are many rites of purification of individuals and communities. Religious sacredness is preserved in ritual, in dress and the arrangements of the places of worship. The sick are healed in rites, which involve their families and the community. Some of the traditional blessings are rich and very meaningful. In worship and sacrifice there is co-responsibility each person contributes his share in a spirit of participation. Symbols bridge the spheres of the sacred and secular and so make possible a balanced and unified view of reality. An important part of the African traditional religion is the presence of spirits. The Spiritual Sphere In the African world spirits are everywhere in persons, trees, rivers, animals, rocks, mountains and ever automobiles and other personal effects. The presence of these spirits in the African society offers a serious challenge to the behavior patterns of the people on the continent and elsewhere because traditional religious practices permeates every aspect of life on the continent. These spirits in many ways act as moral entrepreneurs of the African society. They abhor crimes like adultery, stealing, cheating and suicide. These spirits communicate their wishes, demands and prescriptions to the larger society through the traditional priests. The traditional priests are able to satisfy their clients through the performance of rituals.

Wednesday, October 23, 2019

Alladin Essay

I enjoy going to the movies. My experience with movies began when my mom and dad first took me to watch â€Å"Alladin†(1992) a Disney feature film. I remember the long line of kids with their parents queuing up for popcorn and soda right before entering the darkened theater. If there was one word to describe how I felt and must have looked while watching what seemed to me giant cartoon characters dancing and singing on the big screen, I am guessing it would be â€Å"spellbound†. Nowadays, my affinity with the movies remains. To me there’s nothing better than settling down with popcorn, a soda, and perhaps a slice of pizza and maybe some candy while waiting for the movie to start. For anywhere between $7. 00-$9. 50, I can spend about a couple of hours eating while losing myself in the story that I have stood in line for to watch. There’s nothing else for me to do but sit back, relax and enjoy the program†¦Or at least that’s what’s supposed to happen. Like most â€Å"adult† relationships, my relationship with the movies has come to be of a â€Å"love/hate† nature. While I still enjoy the films, often I find my reverie and trip to â€Å"a state of mental suspension† interrupted by the most unbelievable and dismaying things. For example, comedies are a favorite of mine. Whether through slapstick or the more sophisticated and witty comedies, I enjoy a good joke as much as the next person does. Unfortunately, when that â€Å"next person’s† version of a laugh is loud and unrestrained and mixed with comments of â€Å"Boy I sure didn’t see that coming! that persists even after the funny part is through, it can rather put a crimp on my personal enjoyment. Date movies aren’t much better either. It can get rather difficult to distinguish whether the sounds I’m hearing are coming from the film or from the row behind me. I’ve noticed that in particularly mushy scenes, it is not unusual to hear sotto voce whispers of sweet nothings among the courting couples and giggling among the teenaged girls in the audience every time the lead characters would kiss . It can also be rather irritating when, in the middle of a rather climactic scene, some person’ s mobile phone would just go off ringing. Only three things can possibly happen then. One, the ringing is suddenly silenced by the apologetic offender hitting either the â€Å"reject† or â€Å"off† button. Two, ringing phone will be answered and â€Å"I’ll call you back† will be quickly whispered. Three, offender will let the phone play out the whole of his ring tone too mortified to admit ownership of the ringing phone and practically ruining two minutes o or more of the film for the rest of the audience. Of course I haven’t even mentioned this very select group of people who just can’t not take the call †¦ It can be unbelievable how important some people seem to think they are that they forget that they are intruding on the rights of others. And then there are also these people who seem to think that it is their sworn duty and obligation to provide a running commentary of the film’s story. For some reason, some people who have seen the film before and have gone to watch the movie again with friends feel obligated to assure their companions â€Å"Don’t worry. The bomb won’t explode. Just you wait and so-and-so hero will arrive in just a few seconds. † After which they proceed to detail how the hero or heroine will save the day. It can get rather tempting to just turn around and admonish them for this. If it’s not the plot spoilers, there are people who just can’t keep their emotions to themselves. I remember one time when I was sitting watching the film â€Å"Constantine† (2005) and heard several screams of the word â€Å"Run† or â€Å"Hide! in about five different languages from the audience. If I ever needed proof of how culturally diverse America has become, well there it was. Don’t get me wrong though. Despite all these, my enjoyment of the silver screen remains. While I admit that there were a few times when I â€Å"cheated† and just opted for a quiet night at home with some select DVD’s and some snacks on my sofa, I still go back to the movie theater. I suppose it can be viewed as a quirk of mine but I do miss the battle of wills I get into with my next-seat neighbor on who claims â€Å"rights† to the armrest separating our seats. I miss the â€Å"stand off† that takes place between myself and the guy behind me after I ask him to please take his foot off my seat back. All these things do not diminish my excitement of seeing the anticipation and enjoyment shared on the audience’s faces including my own as the movie starts its magic with the flashing of its beginning credits. Most of all, I look forward to the many and various reactions among the audience as the final credits roll on the screen and the house lights come on. It’s sad that some people can’t seem to fully appreciate the movie-going experience and treat it along with its audience with the respect they deserve. For me, despite the not so nice experiences in the movie house, the magic and excitement of going to the movies still exist. Our relationship endures and remains strong.

Tuesday, October 22, 2019

Univeral Cultures essays

Univeral Cultures essays A culture is a way of life of a group of people through their symbols, norms and beliefs that they accept, generally without thinking. They are passed by communication and imitation from one generation to the next. Humans are also diverse and change when concerns of life spring up that change human cultures. Even though culture is unique and universal to man it however can be variable. Culture is universal all human groups create a design of living that includes either material and non-material culture. Material culture refers to physical objects and resources people use to define their culture that is to say the homes they live in, the cars they drive, their schools, and clothing they wear. On the other hand non-material culture refers to the physical ideas people have, religion , language, and norms. Cultural differences manifest themselves in different ways. In the first place, there are symbols these are words, gestures or objects that carry a particular meaning which is only recognized by those who share a particular culture. These symbols are easily developed and sometimes copied while others disappear. Additionally, norms are the means through which values are expressed in behavior. Everywhere in the world there are rules that make it possible to get things done. Norms can be broken down to four basic types; folkways or customs, mores which control moral and ethnic behavior, taboos which is a norm that society holds so strongly that violating it results in extreme disgust and laws, they are written down and are enforced by official law enforcement. Lastly. there is beliefs these are ideas viewpoints and attitudes of a particular society. These beliefs are the glue that holds cultures and families together. Due to the different global economies through out the world people leave the comfort of their culture and society for a better way of life. When immigrants come to the United States, they may experienc ...