Malaysian Banks Term Paper Example | Topics and Well Written Essays - 500 words

Malaysian Banks - Term Paper Example One of the most premiere cases where it is not shariah compliant that it most incur loss and gains in the house or business regardless of circumstances. A notable case was noted when an individual went to the Bank and said he cannot pay, but the bank refused to sell his house. This is completely against shariah in which the bank must split the loss. Hence, the concept of shariah finance is extremely hard because each country wants some revenue when it comes to financial securities. For the sake of assurance, most banks sugarcoat this with hidden fees and even charge a higher interest rate that are usually hidden in original clause terms. The concept of ‘service fee’ is highly demised because it is a vague term that all Malaysian banks utilized. Before understanding this issue, it is cognizant to understand the elements that surround Islamic Banking. Without a doubt, the Islamic law dictates that the asset must not be a ribawi material or in the medium exchange of gold, not silver. Additionally, a contract between two or more parties to accumulate in partnership. HSBC Malaysian bank also is one of these banks that is not shariah approved because of this issue. Another bank that is not confirm with the shariah standards is the fact Citibank Malaysia. Citibank Malaysia also offers these instruments along with the JP Morgan Malaysia Ltd. These banks financial statements dictate that these credit statements must be approved the counsel that is Shariah Compliant. Schroders Malaysia  is also under the same scrutiny as they sell bonds and other financial instruments that charge an interest rate and are not compatible with equal loss or gain since all payments for purchases are made in money. It is clear that not all banks have the understanding to conduct shariah and even do have an approval, tend to look for their own understanding of financial security. Additionally, the banks make it very clear in clause and terms that

Foreign policy issue Essay Example | Topics and Well Written Essays - 750 words

Foreign policy issue - Essay Example It became USA’s foreign concern as it holds the mandate to safeguard world peace with its permanent status at the United Nation Security Council States. The major concern of the United States government is the chemical weapon aspect. In a survey by special united nation chemical weapon department, it was evident Syria is involved in chemical warfare. As part of the united nation resolution, the country had to intervene. The stability of Syria will ensure a step forward towards war on terrorism as the instability creates a breading ground for terrorist, this is evident in other countries including Somalia where the civil war has resulted to emergence of Alshabaab a terror militant group allied to the al-Qaida (Global Research, 2013). Any security threat to the world usually affects the USA, which has been under threat of terrorist and other attacks since their entrance in Afghanistan and Iraq. In ensuring world peace, potential threats must be dealt with in accordance to the signed agreements of the United Nation Security Council signatories. As the interference with matters in Syria, the states government has elicit mixed reaction and brushed shoulders with countries in Asia and Eastern Europe. Russia and Turkey, according to CNN(2013) has termed USA planned invention to the Syrian state as disrespectful. The main problem with the upraising is that USA has had to leave with the fear of breaking ties with its allies and conflict between them and Russia. Domestically there has been divided opinion on measures to take while tackling the Syrian issues. The opposition had voted and suggested for military intervention towards the Syrian matter, which the democrats suggests for a diplomatic approach. With the threat of chemical warfare, there is need for actions in regards to the Syrian issues, as its impact is always catastrophic as was the case of Hiroshima and Nagasaki. While seeking a permanent

Steel Plant EAF Electrical System :: essays research papers

The modern steel plant receives low current, high voltage power from the generators of the electrical utility company. The purpose of the steel plant primary transformer is to step-down this voltage. The transformer thus provides high current, low voltage power for the EAF furnace. Large furnaces with transformers rated at 100MVA or higher is not uncommon. There are usually two stages to this process. The transformer first steps-down the voltage from high to medium levels. There are different standards for a â€Å"medium-level voltage† in different countries; usually between 30 to 33 kV for Europe and Japan, but for the USA it is usually 34.5 kV. Finally, a heavy duty furnace transformer powers the EAF. This special furnace transformer is designed to allow the electric arc to operate within the desired current and voltage range. To safeguard the EAF electrical system from the primary power supply are two types of switches: a vacuum switch and a motorized disconnect switch. These two switches are designed to isolate the EAF electrical system from the primary transformer in case of an emergency. Other electrical systems around the EAF are the delta closure, the power cables, the current conduction arm, and the electrode holders. The power cables provide a connection between the delta closure and the current conducting arm. It is usually made of copper wires, with a rubber water jacket around the outside for water-cooling the cables. The power cable is connected with the current conducting arm, usually made of copper clad steel or aluminum alloys. This system weighs a lot less than the old bus-bar design that a lot of the older furnaces used. The current conducting arm conducts current directly from the power cable to the electrode holders. The electrode holders must withstand thermal cycling (not so much for our furnace, since our furnace should have a continuous feed) and severe mechanical loading and wear due to vibrations, torsion forces and such.

Challenges of Hong Kong Essay

Topic: Challenges of Hong Kong’s full service airlines facing today This essay examines the challenges faced by Hong Kong’s full service airlines nowadays. Air transportation serves not only to encourage trade and growth in the tourism industry in Hong Kong, but also to improve people’s mobility and to form a modern society. In this essay, full service airline is defined as traditional airline that provides services such as allocated seat, transfer of baggage between flights, blankets and meals. Full service airlines suffer several challenges in the aspect of production cost for developing advanced system and competition with low-cost airlines nowadays. For this reason, I would like to investigate the challenges in depth according to the above aspects and figure out possible solutions. Challenge 1: Low-cost airline invasion In recent years, the airline industry has undergone a revolution caused by the growth in population of low-cost carriers, which are airlines that provide discounted fares and no-frills service to passengers, and the increase in the number of low-cost carriers caused a huge growth in departure and arrival of regional airports and established a brand new market in short-break tourism. While low-cost airlines are gaining an increased market share within the industry, the full-service airlines are struggling. Numbers of full-service airlines are on the edge of bankruptcy, and some even had to sign agreements or mergers to ensure their long-run existence. To compete with the no-frills airlines, some full service airlines had set up their own low-cost subsidiary, but a few of them ended up in operational losses, forced to sell their subsidiary. Pels (2008) describes full service airlines as aiming to offer ‘quality’, whereas no-frills carriers aim to keep costs low. He states that although it may be difficult for low-cost airlines to earn money on ticket sales, they may gain profit on board by selling snacks and beverages, and from the airports depart from or land on. Moreover, most low-cost airlines promote themselves for their transparency in the pricing system, thus keeping air travel remarkably affordable, despite the high cost of jet fuel. As low-fare airlines ‘invades’ the airline industry, full service airlines will not only encounter fare pressure, but will also have to progressively  fight with the upstarts for takeoff, landing slots and gate space in Hong Kong or other crowded airports in Asia. In order to encounter this challenge, the airline should emphasize on the services it provides, and focus on improving their flights operations both in the air and on the ground, utilizing optimum flight management procedures and providing customers with sustainable products and services, in order to compete with the rising trend of low-cost airlines. Challenge 2: Managing destinations Full service airlines use the Hub and Spoke System, which enables passengers to travel from one smaller city to another smaller city via a hub or even two hubs. This system not only service more cities at a lower cost, but also maximizes passenger loads, thus saving fuels. Low-cost airlines use ‘simple’ point-to-point networks, as they operate routes which originate or end at a major airport, which allows them to enter any market they see fit. Thus, if the route turns out to be unprofitable, the low-cost carrier will close it down. According to Pels (2008), full service airlines cannot easily withdraw from a market, even if it is hardly profitable, because a full-service carrier’s link between a hub airport and spoke airport serves many different indirect markets. If this route is closed because of the decrease in load factor due to competition on the market between the hub airports and spoke airports, passengers and profits, in all other markets using this link a re lost. According to a survey by the Company Barclaycard, a relatively large number of the business travellers (71%) used low-cost airlines for business trips. This indicates that passenger preferences may be shifting to low-cost, less service airlines. The low-cost carrier attracts passengers from the full-service airlines, thus causes competition and reduces load factors and profits for the full-service airlines. In order to solve this problem, full-service airlines can offer more low-fare tickets on short-haul routes, and use short-haul routes as feeders for the global markets where they make most profits. Even though the competition for indirect travellers is very intense, they will allow conventional airlines to maintain a large network with relatively high frequencies. Challenge 3: Investment on the advanced technology With the rapid development in advanced technologies and popular use in mobile gadgets, reserving a seat on the plane is just one click ahead. Simply by browsing the website of their desired airline, customers will be able to get all the relevant information they will need to plan their trip, including the list of fares in specific dates and allocation of the seats on the aircraft. In addition, systems like automatic airport check-ins and ticketless air travel are getting more popular, and will be the future trends in the airline industry. Therefore, in order to provide the passengers accessibility in online reservations and to build up the image of a green airline, investments are needed to be made on improving the systems. Acknowledging the numerous benefits provided by the internet, airlines have been investing resources in their websites. Standing (2000) claimed that the Web has changed from pushing firms and services to pulling clients into value-added opportunities that a company provides. Airlines do not only compete among each other, they also compete with online travel agents such as Expedia. Thus, to solve this challenge, the airlines should entice travellers to book their trips via the airline’s website, by providing extra benefits to customers when they purchase online. Conclusion To summarize, the challenges that full service airlines in Hong Kong faced are the rising of low-cost airlines, the managing of destinations and huge investments made on developing and improving the systems for reservation and check-ins. It is crucial for airlines to understand that when passengers purchase an airline seat, they are not just paying for a seat in the aircraft; they also purchase the service behind. In order to attract a consumer’s attention, benefits or attributes of using full service airlines and low cost carriers such as price, safety, network connections, and service will be important. REFERENCES: Cooper C. and et al. (1999) Tourism: Principles and Practice, 2nd ed., Longman Publishing: Harlow. Driver, J. (1999). Developments in airline marketing practice. Journal of Marketing Practice: Applied Marketing Science, 5 (5), 134–150. Law, R. & Leung, R. (2000). A Study of Airlines’ Online Reservation Services on the Internet. Journal of Travel Research, 39 (2), 202-211. Moiseiwitsch, J. (2012). Budget airlines find Hong Kong a tough market to crack. In South China Morning Post. Retrieved November 6, 2014 from http://www.scmp.com/business/companies/article/1404255/budget-airlines-find-hong-kong-tough-market-crack Pels, E. (2008). Airline network competition: Full-service airlines, low-cost airlines and long-haul markets. Research in Transportation Economics, 24 (1), 68-74. Sigala M. (2003) The Information and Communication Technologies Productivity Impact on the UK Hotel Sector, International Journal of Operations & Production Management, 23(10), 1224-45. Wang, J. & Lee, S. (2014). Asia’s Budget Airline Invasion. In Bloomberg Businessweek. Retrieved November 6, 2014 from http://www.businessweek.com/articles/2014-02-13/asias-budget-airline-invasion-cathay-pacific-defends-hong-kong

What Is and Is Not a Chemical

A chemical is any substance consisting of  matter. This includes any liquid, solid, or gas. A chemical is any pure substance  (an element) or any mixture (a solution, compound, or gas). They can either occur naturally or can be created artificially. What Is Not a Chemical? If anything made of matter is made up of chemicals, which means that only phenomena that arent made of matter are not chemicals: Energy is not a chemical. Light, heat, and sound are not chemicals—nor are thoughts, dreams, gravity, or magnetism. Examples of Naturally-Occurring Chemicals Naturally-occurring chemicals can be solid, liquid, or gas. Naturally occurring solids, liquids, or gases may be made up of individual elements or may contain many elements in the form of molecules. Gases: Oxygen and nitrogen are naturally-occurring gases. Together, they make up most of the air we breathe. Hydrogen is the most common naturally-occurring gas in the universe.Liquids: Perhaps the most important naturally-occurring liquid in the universe is water.  Made up of hydrogen and oxygen, water behaves differently from most other liquids because it expands when frozen. This natural chemical behavior has had a profound effect on the geology, geography, and biology of Earth and (almost certainly) other planets.Solids: Any solid object found in the natural world is made up of chemicals. Plant fibers, animal bones, rocks, and soil are all made up of chemicals. Some minerals, such as copper and zinc, are made entirely from one element. Granite, on the other hand, is an example of an igneous rock thats made up of multiple elements. Examples of Artificially Made Chemicals Human beings probably began combining chemicals before recorded history. About 5,000 years ago, we know that people began combining metals (copper and tin) to create a strong, malleable metal called bronze. The invention of bronze was a major event, as it made it possible to form a huge range of new tools, weapons, and armor. Bronze is an alloy (a combination of multiple metals and other elements), and alloys have become a staple of construction and trade. Over the past few hundred years, many different combinations of elements have resulted in the creation of stainless steel, lightweight aluminum, foils, and other very useful products. Artificial chemical compounds have transformed the food industry. Combinations of elements have made it possible to preserve and flavor food inexpensively. Chemicals are also employed to create a range of textures from crunchy to chewy to smooth. Artificial chemical compounds have also had a profound impact on the pharmaceutical industry. By combining active and inactive chemicals in pills, researchers and pharmacists are able to create the medicines required to treat a wide variety of disorders. Chemicals in Our Daily Lives We tend to think of chemicals as being undesirable and unnatural additions to our food and air. In fact, chemicals make up all of our foods as well as the air we breathe. However, some chemical compounds added to natural foods or gases can cause significant problems. For example, a chemical compound called MSG (monosodium glutamate) is often added to food to improve its flavor.  MSG, however, can trigger headaches and other adverse negative reactions. And while chemical preservatives make it possible to keep food on the shelves without spoiling, some preservatives, such as nitrates, have been found to have carcinogenic (cancer-causing) properties, especially when overused.

The Link betwen Morality and Human Nature - 1385 Words

The link between morality and human nature has been a progressive reoccurring theme since ancient times (Prinz, 2008). Moral development is a characteristic of a person’s general development that transpires over the course of a lifetime. Moral development is derived by a wide variety of cultural and demographic factors that appear to influence morally relevant actions. Turiel (2006) defined morality as an individuals â€Å"prescriptive judgments of justice, rights, and welfare pertaining to how people ought to relate to each other.† Individuals’ moral judgments are frequently considered to be a product of culturally specific controls that provide a framework for behavioral motivations that are sensitive to the effects of gender, education, religion and politics (Banerjee, Huebner Hauser, 2010). While several approaches have been utilized to examine the interaction of multivariate contributors to fundamental moral differences such as: disputes about family life, sexuality, social fairness, and so on, research has suggested that ideological considerations have provided a potent and diverse explanation for the polarization of contrasting views (Weber Federico, 2013). When an individual is proposed with a moral dilemma they will often seek the advice of others rather than acting solely upon their immediate cultural, familial, and cognitive predispositions; suggesting that judgments are also made about the moral judgments of others (Rest, Cooper, Coder, Masanz Anderson, 1974).

Use of Magical Realism in Chronicle of a Death Foretold...

Use of Magical Realism in Gabriel-Garcia Marquezs Chronicle of a Death Foretold Magical realism is clearly present throughout Gabriel-Garcia Marquezs novel Chronicle of a Death Foretold. Magical realism is the juxtaposition of realism with fantastic, mythic, and magical elements. A secondary trait was the characteristic attitude of narrators toward the subject matter: they frequently appeared to accept events contrary to the usual operating laws of the universe as natural, even unremarkable. Though the tellers of astonishing tales, they themselves expressed little or no surprise. Obviously the most concise definition of magical realism is that it is the combination of magical and real elements. The magical elements that†¦show more content†¦The bride was given a chest with table settings in pure gold for twenty-four guests. They also brought in a ballet company and two waltz orchestras. (44) This is clearly exaggeration because there is no doubt that the small poor town could not afford such lavish gifts. Pedro saying that the pain in his groin had reached his throat and how he could not sleep for eleven months are signs of magical realism. The narrator said that he believed him when he said these things. He was carrying a suitcase with clothing in order to stay and another just like it with almost two thousand letters that she has written him they were arranged by date in bundles tied with colored ribbons, and they were all unopened. No person writes someone two thousand letters with reply let alone without one. This is ridiculous but we accept it as truth because of Marquezs mastery of magical realism. Chronicle of a Death Foretold has many humorous parts mostly because they are ludicrous. These parts are magical realism because the suspend belief through humor. They were sitting down to breakfast when they saw Santiago Nasar enter, soaked in blood and carrying the roots of his entrails in his hands. Poncho Lanoa told me: What Ill never forget was that terrible smell of shit. But Argenida Lanoa, the oldest daughter said that Saintiago Nasar walked with his usual good bearing, measuring his steps well, and that his Saracen face withShow MoreRelatedUse Of Magical Realism Expressed Within The Novella Chronicle Of A Death Foretold?1416 Words   |  6 Pages24-06 The impact of Magical Realism expressed within the novella Chronicle of a Death Foretold? Gabriel Garcia Marquez clearly expresses Magical Realism within the novella, The Chronicle of a Death Foretold. According to the online Merriam-Webster dictionary, Magical Realism is a literary genre or style associated especially with Latin America that incorporates fantastic or mythical elements into otherwise realistic fiction (Merriam-Webster). In addition to such, the secondary trait involved is theRead MoreThe Use of Chance in Oedipus vs. Chronicle of a Death Foretold1172 Words   |  5 Pagesanderson IB English Period 2 4 November 2012 The Use of Chance in Chronicle of a Death Foretold versus Oedipus the King Chance can serve many different purposes in works of literature. Whether it is to display a certain idea or to simply add to the authors writing style, chance can have a very significant effect on a reader or an audience. In Oedipus the King by Sophocles and Chronicle of a Death Foretold by Gabriel Garcia Marquez, both writers use chance to develop their plots. The chance eventsRead MoreEssay On The Chronicle Of A Death Foretold Commentary734 Words   |  3 PagesChronicle of a Death Foretold Commentary – By Madhav Mishra Introduction: It is often said that Colombia is the country where magic realism, as a literary genre of its own right, was born. Magical realism is heavily incorporated by Gabriel Garcia Marquez in his critically-acclaimed novel Chronicle of a Death Foretold. In addition to magical realism, other literary devices such as the themes of honour and gender, and irony are employed by Marquez as means of satirical storytelling to expose the absurdityRead MoreMagical Realism In Chronicle Of A Death Foretold1442 Words   |  6 PagesPaul Moxey English February 28, 2010 Essay Question: Discuss the uses of Magical Realism and its significance in the novel Chronicles of a Death Foretold. Magical realism is clearly present throughout Gabriel-Garcia Marquez s novel Chronicle of a Death Foretold. Magical realism is defined as the combination of realism, along with magical and mythical elements such as dreams that come true, superstitions, humor, exaggerations, and the coincidence of bizarre events. A main characteristic was theRead MoreChronicle Of A Death Foretold By Garcia Marquez1134 Words   |  5 PagesMagical Realism through Setting in Garcà ­a Mà ¡rquez’s Chronicle of a Death Foretold Question: How far does setting serve to reinforce or emphasize meanings or themes within Chronicle of a Death Foretold? Work Used: Chronicle of a Death Foretold by Gabriel Garcà ­a Mà ¡rquez In Chronicle of a Death Foretold by Gabriel Garcà ­a Mà ¡rquez, the setting plays a potent role in showing a certain theme. Especially what happens in a certain setting plays a dominant part in developing a theme. Mà ¡rquez is best knownRead MoreChronicle of a Death Foretold Reflective1503 Words   |  7 PagesChronicle of a Death Foretold: Cultural Analysis In America, there is a judicial system that helps justice prevail, to punish criminals, and let the innocent walk. The judicial system allows for there to be a trial where evidence is presented. Through the evidence presented, the jury then decides if the person on trial is innocent or guilty. Never in any trial, in any courthouse, under any judge would it be allowed for a murder to be justified so that one could restore a relative’s honor. HoweverRead MoreChronicle Of A Death Foretold By Gabriel Garcia Marquez1229 Words   |  5 PagesThe novella Chronicle of a Death Foretold, a journalistic account of a historical murder, is written by author Gabriel Garcà ­a Mà ¡rquez. Continually through his career â€Å"Garcia Marquez employs journalistic writing techniques in his fiction, and particularly in Chronicle of a Death Foretold in order to produce a seemingly more authentic and credible work†( Gardener 3-4). This particular novel reads as if it is fictional. However , readers are interested to know that the account is based on a factualRead More Narrative in the Chronicles of a Death Foretold Essay1094 Words   |  5 PagesNarrative in the Chronicles of a death foretold The novel consists of a detailed history of the circumstances of the murder taken by the narrator, a journalist and former friend of the victim, twenty-seven years after the incident in question. The long range effects of this murder on the citizens of the town in which it occurs, and their unspoken involvement in the crime itself, are revealed in the course of the narrator’s history. The novel tells the story of the narrators return to theRead More Light is Like Water as Magical Realism Essay1089 Words   |  5 PagesLike Water as Magical Realism    Latin author Gabriel Garcia Marquez has written many short stories and novels that are considered to be Magical Realism. Some of these works are The Ghosts of August, One Hundred Years of Solitude, A Very Old Man with Enormous Wings, Chronicle of a Death Foretold, and Light Is Like Water. In Light Is Like Water (December 1978), the use of various fantastic elements along with the realist elements is what defines this story as Magical Realism. TheRead MoreEssay Gabriel Garcà ­a Mà ¡rquez and Chronicle of a Death Foretold1164 Words   |  5 Pagesprostitutes. In Chronicle of a Death Foretold, the town is very critical and strict about chastity and premarital sex. Maria Alejandrina Cervantes is the town madam which by society’s standards makes her to most marginalized, but ironically she is not brought down by her society’s rules. Gabriel Garcia Marquez uses characterization and irony to demonstrate Maria Alejandrina Cervantes’s contradictory role and to develop the theme of going against society in Chronicle of a Death Foretold. Garcia Marquez