Journalism around the world Essay

Traditionally, the term â€Å"international conflict† referred to conflicts between different nation-states and conflicts between people and organizations in different nation-states. Increasingly, however, it also applies to inter-group conflicts within one country when one group is fighting for independence or increased social, political, or economic power (e. g. , Chechnya, Kosovo). (Ref. 1) Five years into the 21st Century a dark and sinister cloud hangs over journalism around the world. More editors, reporters and media staffs are killed, targeted, kidnapped and subject to violence than ever before. Independent media are under intolerable pressure. This pressure comes directly from ruthless terrorists, with no respect for civilisation and human rights, who have targeted and murdered journalists in all continents. In Iraq alone, more than 50 media staff have been killed by political extremists and criminals, in pursuit of a grotesque agenda of hatred. (Ref. 2) New York, May 28, 2004—Two Japanese journalists and their Iraqi translator were killed on Thursday night when their car came under attack by gunmen in Mahmoudiya, 20 miles (30 kilometers) south of Baghdad, according to news reports. Bangkok-based freelancer Shinsuke Hashida and his nephew Kotaro Ogawa, also a freelancer, had been traveling to Baghdad from the southern city of Samawah, where Japan has deployed hundreds of troops, when the attack occurred. Agence France-Presse (AFP) listed the translator as Mohamed Najmedin. The Associated Press reported that both men were working for the Japanese tabloid daily Nikkan Gendai covering Japanese troops stationed in the southern city of Samawah. Japanese station NHK reported that the two journalists had also reported for several other Japanese news organizations. The Japanese foreign ministry acknowledged the incident but has not confirmed the identities of those killed. According to some press reports, the journalists’ car burst into flames after the attack. Reuters news agency reported that the car was hit by rocket propelled grenade (RPG) fire. The driver, an Iraqi, who survived the incident and spoke with Japan’s NHK News said he was able to exit the car before it exploded after the assault. Thursday’s attack occurred in the same area where two Polish journalists were killed by gunmen on May 7 and two CNN employees were gunned down in January. Hashida was an experienced journalist who had covered several conflicts as a television reporter, according to Japanese media. At least 28 journalists (not including Hashida and Ogawa) have been killed in Iraq since the US-led war in Iraq began in March 2003. At least seven other media workers have (â€Å"International Journalism†) also been killed. In other developments, U. S. television broadcaster NBC announced Friday that insurgents in Fallujah released three staffers and an Iraqi freelancer–correspondent Ned Colt, cameraman Maurice Roper, soundman Robert Colville, and journalist Ashraf al-Taie who had been kidnapped by armed insurgents on Tuesday. All four were released unharmed, and NBC said in a statement that local Iraqi leaders had mediated the releases when it was clear that the men were working as journalists. (Ref. 3) NBC said it did not previously report the abduction for security reasons. New York, December 11, 2003—Two journalists working with the U. S. newsmagazine Time were wounded today in a grenade attack in Baghdad while accompanying U. S. troops. Senior correspondent Michael Weisskopf and photographer James Nachtwey suffered undisclosed injuries when unidentified assailants threw a grenade into a Humvee the men were traveling in, Time managing editor Jim Kelly said in a written statement. Two soldiers in the Humvee were also injured in the attack, which occurred at about 9:30 p. m. The statement described both journalists as being in â€Å"stable condition† and said they were awaiting transfer to a U. S. military hospital in Landstuhl, Germany. CPJ is seeking more details at this time. (Ref. 4) It is not unusual in conflicts to find mass media recruited to support political objectives often at the expense of professional credibility. Indeed, this holds true for almost all wars. But as peoples of one country turn against each other in ethnic conflict, journalists find themselves facing the grotesque choice of respecting their professional commitment to truth-seeking or risk being branded a traitor. In conflict situations there is always the danger that the media are conscripted by undemocratic politicians to inspire, provoke and underwrite national fears and hatreds. Journalists who lend themselves to this process abandon their professional status and become propagandists. Ethnic conflict and strife are not a new phenomenon but in recent years we have seen an ever increasing fragmentation of human society. As Harold Isaacs put it in his book ‘Idols of the Tribe’: ‘We are experiencing (†¦ ) an ingathering of people in numberless grouping of kinds – tribal, racial, linguistic, religious, national. It is a great clustering into separateness that will, it is thought, improve, assure, or extend each group’s power or place, or keep it safe or safer from the power, threat, or hostility of others’. (Ref. 5) (â€Å"International Journalism†) Towards an accurate portrayal of all groups in society One of the most important challenges faced by the journalists during international conflicts is to portray groups on both sides of the conflict accurately. It is important for the journalists to be impartial while reporting aggression and human rights violations in the conflict affected areas. The journalists should become the voice of the suppressed and worst affected group during the conflict. The main objective should be to bring out the truth through reliable sources and create an atmosphere for compromise. Threat to life from various groups and anti-social elements In covering and reporting international conflicts and warfare, journalists face threat to life from various anti-social elements and extremist groups. In their process to expose the culprit, journalists receive threats on a daily basis. The assignments are sometimes very dangerous which may involve covering the warfare and battlefield where bullets are being sprayed everywhere and shells are raining. With the international news agenda controlled by the world’s major media giants, it has become crucial to develop and strengthen media at the local level to maintain diversity of opinion. As media in many developing nations, such as Indonesia, move away from state control towards private enterprise, it is essential for local media to find their own voice and professional codes. A well developed media system with professionally trained journalists usually benefits both global and local audiences and provides a vital link to the outside world during conflict situations.

How does William Shakespeare create tension Essay

From the minute the play starts the audience are aware that the â€Å"star crossed lovers† Romeo and Juliet are going to die, this makes it clear that the play is a tragedy. A Tragedy is a traditional form of theatre where the main characters in the play die as a result of their tragic flaw, for example in the tragedy play Macbeth, Macbeth’s vaulting ambition leads him to his death. Romeo and Juliet’s flaw is the powerful love between them and it means their relationship has to be secret and this leads to Mercutio being killed by Tybalt and Romeo then killing Tybalt. The consequences of Romeo revenging Mercutios death by killing Tybalt means he is banished upon death. When the play was written ‘Romeo and Juliet’ was already a well known story but the version that William Shakespeare borrowed did not include the love theme William Shakespeare added the love theme into the story. The play Romeo and Juliet was written in 1594, and in this time women particularly were under their parents influence and there was no free choice on who you could marry. Teenage Rebellion was unthinkable because your parents would kick you out and in this time a woman was unable to get a job and with no money it would be hard to find a husband; this is why Romeo and Juliet’s marriage was secret. How a play is structured is an important way of creating tension for the audience like in Act 1 of ‘Romeo and Juliet’ it introduces the theme of love and hate between the two families Montague and Capulet. There is also a fight between the two family’s servants because they hate each other but Tybalt (Capulet) turns up and the fight becomes even bigger than before. The reason Shakespeare kills off Mercutio and Tybalt in Act 3 is that now all the action can focus on Romeo and Juliet. In the scene were Mercutio is slain, this point is often looked at as the points were the play becomes a tragedy. If Romeo hadn’t avenged Mercutios death the outcome would have been very different and Romeo and Juliet’s actions from this point are due to this scene. Having themes run throughout a play is another way of creating tension for the audience. This scene (Act3 scene 1) contains the theme of passion, when Benvolio is advising Mercutio to leave the area where the Capulet’s are  going to arrive but Mercutio is ready for a fight and is going to stay no matter what. Benvolio says ‘for now these hot-days is the mad blood stirring.’ This means that the hot weather has shortened people’s tempers including Mercutios. When Tybalt arrives and Tybalt and Mercutio start to fighting. Romeo accidentally gets in the way and Mercutio is struck by Tybalt’s sword, it is a mortal wound which kills him. As Mercutio is dying he says ‘A plague on both your houses.’ After Mercutio dies and Romeo kills Tybalt, Romeo starts crying and this is a passionate cry emphasises the way he is losing the control of his destiny and is subject to fate. This creates tension because the audience know the final outcome from the start. Shakespeare was a master of characterisation, the characters in this scene have been skilfully created previously and act exactly how the audience expect them to, based on their previous behaviour, such as at the party Mercutio is showing off, he is loud full of himself and hot tempered this shows that it is Mercutios nature to fight and not back down. Also Mercutio cannot stand Romeo’s capitulation towards the Capulet’s and this angers him even more Mercutio also says ‘O calm, dis honourable, vile, submission’ and this creates tension because Mercutio forces the fight on Tybalt. In a play which would be performed to an audience who could barely read and write, it was important for Shakespeare to include rich metaphors and poetry which would entertain and stimulate them; his language is littered with deeper meanings and puns. For example when Benvolio says for now these hot days the mad blood stirring this means that the hot weather has shortened peoples tempers and they are more likely to snap and start a fight, this line adds tension as well because there is going to be a big fight but Mercutios short snappy sentences show that he is ready to fight and it creates tension and anticipation to see Tybalt and Mercutio fight. The stage craft is a vital part of the tension in this scene where Shakespeare keeps the weather hot so it gets people irritable. Mercutio is in the mood for a fight because of the weather and he wants to cause to  cause trouble. Shakespeare makes Tybalt arrive before Romeo so he has a chance to tangle and mix with Mercutio. Shakespeare only makes the reasons why Romeo won’t fight Tybalt to make Mercutio angry about Romeo’s capitulation towards the Capulet Family. To conclude, I feel that Shakespeare created tension in this scene through Mercutios anger towards Romeo’s capitulation and his hatred for the Capulet Family. Although if Mercutio had known about Romeo and Juliet his anger would not be so great. I found the play sad because two innocent characters had to die because of their flaw which was the powerful love between them which could not be broken and I also feel that another reason Romeo and Juliet died was the feud between the two families which was ended only when there children had died.

Perspective of song lyrics and poems Essay Example | Topics and Well Written Essays - 750 words

Perspective of song lyrics and poems - Essay Example Both forms of writing do share similarities, but by no means are they exactly the same. Despite the differences between the two formats of writing, they can be transferred to each other with a little work. Poems can somewhat more easily be turned into songs with a little work and tweaking. Just the same as if a person was trying to convert numbers, or convert any format or style of writing to another, it does take a little finesse, but none the less, it can be done. Vaughn Daniel, a published writer from MusicCity answered when asked about the topic: â€Å"If I gave someone a poem and asked them to put it to music, I would expect the poem to either be added to or some of it ending up on the cutting room floor. Song lyrics are dictated by the direction the music has taken with the melody. There are also formulas of structure in writing a song. Examples are as follows: These calculated lyric structures may also dictate what the song will sound like musically. If the lyrics are structured correctly, music can be invented just by the way the lyrics flow. Take any popular song and try singing it another way. Chances are you wont like what you hear. Lyrics often take on a life of their own musically† (http://www.musesmuse.com/poem-vs-lyric.html. Daniel shows that with a little work and finesse, a poem can be turned into a song, just that you may loose some of the original impact of the poem in the final version. There are also many similarities between poems and song lyrics. Both poems and lyrics require a person to have a strong command of what ever language they are writing in. These art forms also require the person to be expressive, and to be able to shed their feelings through their medium and express themselves. This is not an easy task, but one that comes though much work for many writers. Also, â€Å"Both poems and song lyrics rely on the potent use of language, Both engage their readers and

Leadership style; Tillman Fertitta (Landry's) Essay

Leadership style; Tillman Fertitta (Landry's) - Essay Example Tillman later married his beautiful wife with whom they have four beautiful children (Bane). Tillman is a man who has achieved fame for his massive wealth that to me I can say he is self made since he did not inherit anything from his parents that propelled him into his current financial state. Tillman had shown that he had entrepreneurial skills at his early stages of life even before graduating from the university when he stated his own firm that majorly dealt with marketing and sales. This to me seemed to be his first step to what would soon enable him venture into business field. Later after graduating he also ventured into other field like construction and developments thus making him build homes. He later in the year 1986 joined the Landry’s as a specialist who oversaw their real estate and at this point is when he ventured foodservices (Bane). After his own personal assessment of the Landry’s he saw potential that lay unexploited and later decided to acquire it by the year 1988 when he bought shares from the Landry’s brother and other investors making him the owner of the Landry’s. This later made him the chairman and CEO of Landry’s Inc which under his management grew to be one America’s leading Hospitality Company. He also later ventured in other fields like entertainment when he bought the Golden Nugget Hotel and Casino thus making his success go beyond the restaurants. Later The Landry’s Inc would be associated with other companies which were also owned by Tillman. This made his properties over more than 33 states be to the tune of 400. Some of his many restaurant chains of companies include McCormick &Schmick’s, Landry’s seafood House, Chart House, Bubba Gump Shrimp Co and Rainforest cafà ©. Also part of his vast family of companies include , Inn at the Ball Pa rk, Grotto, La Griglia, Mortons Steakhouse, Brenners Steakhouse, Kemah Boardwalk, Downtown Aquarium Denver and Houston not forgetting the Towers of Americans in San

TORT LAW Essay Example | Topics and Well Written Essays - 1500 words

TORT LAW - Essay Example Considering the fact that the question mentions Fred being surprised of the large bill from the Inland Revenue for capital gains tax, I suppose that he has listened to Paul’s advice and sold some of his stocks and shares. Fred’s selling some of his stocks and shares and later on, receiving a large bill for capital gains tax is a direct consequence of Paul’s advice which stated that selling some shares and stocks would help Fred avoid this tax. Due to the untrue information, Fred sold his shares and stocks and still received a large bill, which caused financial losses to him The rules of breach of duty are appropriate. Breach of duty occurs when the defendant owed a duty of care and his actions were lower than the reasonable standard. Smith &Keenan (2010, p.464) state that the test of a reasonable man should be applied to individuals â€Å"who have held themselves out as possessing a particular skill†2 as to average specialist in that domain. For example, a s in Fred’s case, Paul – recommending himself as returning a small accountancy firm, which specializes in tax and other investment matters– was expected to act as an average accountant. ... In Hedley Byrne v. Heller (1963), the Court held that â€Å"the relationship between the parties was "sufficiently proximate" as to create a duty of care. It was reasonable for them to have known that the information that they had given would likely have been relied upon †¦ This would give rise to a "special relationship", in which the defendant would have to take sufficient care in giving advice to avoid negligence liability.†3 In this case, Paul’s advice, as coming from a professional was equivalent to a statement upon which the customer (in this case – Fred) would rely on. In Rowley & Ors v Secretary of State for Department of Work and Pensions (2007) the Court held that â€Å"a solicitor owes a duty of care in tort because, like any professional person, he or she voluntarily assumes responsibility towards an individual client†4, which applies to the case of Fred v. Paul. If we were to apply the test established in Caparo v Dickman (1990), it would be clear that the facts of Fred’s situation do fall within this case: 1. â€Å"The adviser was aware that the advice was required for a purpose† 5 - Paul was aware that the advice was necessary in order for Fred to fill his tax forms and avoid large bills 2. â€Å"The adviser knew that the advice was to be communicated to the advisee†6 - 3. â€Å"It was known that the advice will be acted upon by the advisee without independent injury†7- generally, such kind of professional advice is necessary in order for the person who asks for it to act upon it 4. â€Å"It was acted upon the advice† 8 - relying on Paul’s advice, Fred sold his shares and stocks. Even when applying this test, â€Å"There must be a limit to liability and no duty will be imposed unless it is just in all the circumstances.†9 According to Winfield &

Alternative Fuel Vehicles Essay Example | Topics and Well Written Essays - 1000 words

Alternative Fuel Vehicles - Essay Example Later, with the invention of compression ignition engine (commonly called Diesel Engine), light fuel oil, obtained from fractional distillation of crude oil, became a source of energy for urban transport vehicle. Today most of the cars run on these two above mentioned fuels courtesy their high energy contents and easy availability. Before moving into the details of alternative fuels available today, we briefly discuss the reasons, which led the automotive industries and governments to discourage conventional fuels and invest in alternative technologies. The main factor that triggered governments’ interest in alternative fuel research was the oil crisis of 1973 and 1979 which was followed by a steep rise in oil prices. Moreover, the increase in green house gases (GHG) emission and other environment concerns have caused the governments to discourage use of conventional fuels and promote the use of alternative fuels with no or very low GHG emission. Scientists and researchers have worked on different cost effective and environment friendly alternatives of gasoline and diesel oil that can be used in commercial vehicles efficiently. The most popular of them being ethanol and other bio-fuels, natural gas, propane or liquefied petroleum gas (LPG), hydrogen, batteries (electrical energy) and compressed air. These are discussed in the following paragraphs. The most popular of alternative fuels are the bio fuels and among them, ethanol. First vehicle to run on ethanol was Ford Model T in 1908. The recent developments in the technology to use ethanol as alternative fuel started in 1970s due to the oil price hike. Ethanol is mostly used as a blend with gasoline. Special engines called flexible fuel engines are developed to use these blended fuels. These vehicles can run on fuels having 10%, 15% or up to 85% by volume ethanol concentration (called E10, E15, E85 respectively). Use of blended fuels decreases green house gas emissions

The European Central Banks Targeted Inflation Rates Assignment

The European Central Banks Targeted Inflation Rates - Assignment Example Inflation is a rise in the price of soothing ds and services within an economy which results in a decline in the purchasing power of every subsequent unit of currency and this causes a loss in the real value of exchange within an economy. The main measure of inflation is the Consumer Price Index which provides an indication of the price level of consumer goods and services which are purchased by households, business firms, the government as well as the rest of the world (in case of an open economy). The CPI in the United States is defined by the  Bureau of Labor Statistics  as â€Å"a measure of the average change over time in the prices paid by urban consumers for a  market basket  of consumer goods and services.† This paper helps to provide an insight into the inflation that is currently taking place within the German economy. As per the current happenings within the German economy, the prices of goods and services naturally saw a hike due to the holiday season; this period mostly witnesses an increase in demand of goods and services which is met by an almost equivalent amount of supply. ... Most governments, especially in the European zone, had been able to recover well from the financial crisis that took place world over in 2008-2009 but the repercussions of that are lingering on as inflation in the same economies. German consumer prices nonetheless, harmonized to compare with other European Union countries, showed a rise of 2.4 percent on the year in December, down from 2.8 percent in the previous month. The following graph helps to show the Consumer Price Index in Germany and the changes that the same has undergone over a decade. The graph thus helps in interpreting the various changes within the German economy with respect to fluctuations in the Consumer Price Index. By understanding the ups and downs within the graph it may be understood that the demand and supply situation of a consumer base within Germany has never been a constant; it varies according to the variations of the need for goods. Thus, putting the same to thought, it may be comprehended that a hike is usually seen during the peak holiday season when the demand and supply of goods and services see a huge rise. Chart - CPI inflation Germany 2011 (yearly basis) Interest rates refer to the rates at which a borrower is able to borrow money in order to have greater purchasing ability. (Parkin, Michael) Since loans and smaller debts can be taken from the European Central Bank at lower rates, consumers have been able to increase their purchasing powers and have been thus causing the economy to slow down considerably. Due to increased spending by the consumers, the economy has witnessed growth and expansion which has almost led in the demand outpacing the supply.

Elements of Democracy in France Essay Example | Topics and Well Written Essays - 750 words

Elements of Democracy in France - Essay Example Elements of Democracy in France Other arms of government are the senate and National Assembly, which form the legislature and the Judiciary. Existence of different arms of government ensures separation of power, which enhances democracy. France is governed by a principle, â€Å"Government of the people, by the people and for the people.† Citizens above 18 years are free to register, vote or be voted for. Freedom of speech is a measure and foundation of democracy without which freedom is nonexistence. Freedom of speech guarantees everyone right to express themselves differently. It functions best in pluralistic states where different opinions in decision-making. This paper focuses on three democratic elements of democratic, freedom of speech, elections, and separation of power. The paper will assess if the three if the three elements exist in France. Before the 20th Century, freedom of speech was nonexistence in many nations. Critics such as presses were often closed down or exiled. Certain forms of writing w ere censored. In France, the freedom of expression was nonexistence until the 20th Century when the human right groups arose and started fighting for such rights. The freedom of speech became guaranteed after French Declaration of the Rights of man was expanded to include the right of expression.As early as 1881, the France government amended the Press Law allowing freedom of press. However, the rise of incitement led to enactment of Pleven Act in 1972, which bars any form of incitement, discrimination, or racism. Additionally, any form of hate speech against people based on gender, physicality or sexual orientation is prohibited. Currently, France follows the European Convention of Human Rights. The freedom of expression through writing is guaranteed in France where government censorship on written publications is not allowed (Francois, 2005, 17-22). Although the theory of elite, which advocates that the power be bestowed upon the few educated individuals, arose from France, it is no longer practiced in France. In France, the government power is bestowed on the different arms of the government. The executive, which is headed by popularly elected president, includes the prime minister as well as the cabinet. The legislature is bicameral and comprises of the Senate and the national assembly, which are referred to as the upper house and the lower house respectively. The judiciary, which operates independent of the legislature and executive comprises of the judicial as well as other administrative orders in addition to the constitutional court. The powers of each arm of the government are clearly defined by the constitution (Genieys, 2005, 414- 417). Additionally, the powers are distinguished in the constitution. It is clear that the prime minister and the president head the executive, which is at time confusing since the two have different roles. The president appoints the prime minister. The powers of the president include calling for referendum, negotiating fo r ratification of treaties, Dissolving the national assembly as well as requisition for constitutional review if need be. The president is elected through direct universal suffrage in which a candidate requires to obtain absolute majority to be declared the winner. In France, numerous powers are bestowed upon the president, which is attributable to the manner in which the president is elected (Carcassonne, 2002, Web). The prime minister has clearly

ROLE AND CHALLENGES OF ERP(ENTERPRISE RESOURCE PLANNING) IN SUPPLY Dissertation

ROLE AND CHALLENGES OF ERP(ENTERPRISE RESOURCE PLANNING) IN SUPPLY CHAIN SECTOR IN FMCG(FAST MOVING CONSUMER GOODS) INDUSTRY IN - Dissertation Example The performance of the supply chain provides an edge to the company over its competitors. It can be well understood that when a country has such massive establishment of FMCG industry, then supply chain would be surely playing an important role in this sector. Keeping in mind the significance of supply chain in FMCG sector in India and the increasing use of technology in the retail and FMCG sector, this study aims to thoroughly analyze the significance and challenges of implementing Enterprise Resource Planning (ERP) in the supply chain of the FMCG sector of Lucknow, India. The issues which the supply chain companies face due to incorrect ERP implementation or inadequate training would also be discussed. Further, instances of breakdown of the supply chain services in the FMCG sector due to ERP problems would also be discussed. Secondary research was conducted and the literature available on the subject was studied to discuss the significance of ERP in the supply chain. The role of IT integrated supply chain in companies like ITC, HUL, Dabur, and Nestle have identified. It was found that ERP integration has streamlined the information flow and has assisted in smooth flow of goods and services. The respondents considered to conduct the study confirmed the fact that all the four FMCG companies have excellent IT integrated framework and they are quite satisfied with its performance. Table of Contents Abstract 2 CHAPTER I – INTRODUCTION 8 1.1 FMCG Industry in India 8 1.2 India Competitiveness and Comparison with the World Markets 9 1.3 SWOT Analysis of the FMCG Industry in India 11 1.4 Supply Chain in FMCG Sector 13 1.5 ERP (Enterprise Resource Planning) in Supply Chain 14 1.6 Outline of the Study 15 1.7 Research Objectives 16 1.8 Problem Statement 17 1.9 Research Question 17 CHAPTER II – LITERATURE REVIEW 17 2.1 Supply Chain Sector in India 17 2.2 Role of Supply Chain in the FMCG Sector of India 21 2.3 Usage of Technology in the Supply Chain Segment 2 4 2.4 Penetration of Technology in the FMCG Sector of India 27 2.5 Significance of EPR in Supply Chain Management 31 2.6 Implementation of ERP for Supply Chain Management in FMCG Sector 34 2.7 Challenges in the Implementation and Usage of ERP 37 2.9 ERP in Few Major FMCG Companies in Lucknow, India 39 2.9.1 Indian Tobacco Company (ITC) 40 2.9.2 Hindustan Unilever Limited (HUL) 42 2.9.3 NESTLE India 45 2.9.4 DABUR India Ltd. 47 CHAPTER III – RESEARCH METHODOLOGY 49 3.1 Introduction 49 3.2 Justification for Methodology 50 3.2.1 Qualitative Methodology 51 3.2.2 Case Study Research 52 3.2 Data Collection Instrument 53 3.2.1 Construct Validity 53 3.2.2 Internal Validity 54 3.2.3 External Validity 54 3.2.4 Reliability 55 3.3 Questionnaire Survey 55 3.4 Sources of Data 56 3.5 Administration of Procedure 57 3.6 Ethical Considerations 57 CHAPTER IV –FINDINGS AND DATA ANALYSIS 58 4.1Findings 58 CHAPTER V – CONCLUSION AND RECOMMENDATION 71 5.1 Conclusion 71 IT integrated s upply chain is the most significant component of the firm’s infrastructure. The FMCG companies in India are utilizing the boom and development of technology in the country to the fullest. India is a vast country with increasing population. Though it is considered to be a marketer’s paradise, but on the other hand managing physical logistics system is really troublesome because of various barriers. In order to avoid these barriers FMCG companies ha

Stereotype Essay Example | Topics and Well Written Essays - 500 words

Stereotype - Essay Example Women on the other hand can now be seen to be getting involved with the kind of work that gender wise, was left for man. The main concepts that have been presented in the articles are stereotypes that are experienced among the Stay At Home Dad. From the story, it can be learnt that SAHD faces several stereotypical arguments such as being unmanly enough. According to the Glen Sack, it is believed that men should always be out there fending for the family and should not be preoccupied with the household duties. Sometimes they are also accused of living at the mercies of their stronger wives who have to go out there and fend for the family. In the case of the Hispanic women, the authors Jeffery Shelter and Michael have identified the connotations like, Hispanic women being hot female or sexual firebrands. These stereotypes are fueled by the media, which just pick the generalization and relay it without establishing facts around it. Jeffery and Michael also suggest that this stereotype is something that is transferred from the parents specifically the mothers who at the tender age of their children begin to teach children about the images and what to regard as a good image and what is bad. They also do this through color separation, where male children are associated with the blue colors while female children are The change in the gender roles has been one of the achievements that have been made in the society to ensure that gender equality and equity are observed. This however also comes with its own challenges. First and foremost, when gender roles change, new responsibilities are realized. With increase in rights, comes responsibility. What has been elaborated carefully in the articles particularly by Glen Sack on SAHD. Men now got to adjust to new role of taking care of the children in the house. He now must admit that women must also now contribute in the house just like the man would do in order to sustain

Dont give up on love Essay Example for Free

Dont give up on love Essay Shilpa’s heart was broken by the Khiladi of Bollywood, Akshay Kumar but she never gave up on love. The rumour mills were abuzz about her ‘relationship’ with director Anubhav Sinha, but she firmly denied them. After winning Big Brother, Shilpa went to launch her signature perfume S2 and met Raj occasionally for the launch preparations. On their first media appearance, Shilpa called Raj, her ‘business friend’ but their frequent meetings soon took a personal turn. Shilpa soon announced her engagement to the world and proudly showed off the 20 carat diamond ring which had been gifted to her by Raj. A firm believer of karma and past life, Shilpa went on to say in an interview that Raj was a part of her past life and now they are back together. Lesson Learnt: So girls, no matter how many boys break your heart; don’t ever settle for anyone except for your Mr. Right. Never embarrass your ex publicly You may be seething in anger and may want to kill your ex for two timing you, but in public, you must always be at your dignified best. Even though Shilpa was heartbroken after her break up, she has often said in interviews that there is no animosity between her and Akshay and they are good friends. Akshay and Shilpa have come face to face on a number of occasions, most recently on the celebrity dance show Nach Baliye, but Shilpa has always been pleasant to her ex-flame. Lesson Learnt: Your ex may be the devil’s incarnate, but you should never wash the dirty linen in public. Maintain dignity under pressure Life wasn’t easy for this gorgeous actress, but things took a turn for worse when she entered the celebrity Big Brother 5 in 2007. Racial slurs by her fellow contestants Jade Goody, Danielle Lloyd, Jack Tweed and Jo OMeara rattled her but she did not give up. She stayed in the house and soon emerged as Britain’s favourite with 63 per cent votes. Not the one to hold grudges, Shilpa soon forgave Jade Goody and other contestants. She told the host of the show Davina McCall, â€Å"People make mistakes and were all human beings, were all fallible. Lesson Learnt: In a high pressure situation, never let your attackers get to you. Keep yourself in positive spirits, maintain your dignity and always let bygones be bygones. Make time for family You may be swiftly climbing the success ladder, but don’t forget your family in all that excitement. Shilpa decided to take a break from her acting carrer for a year after her son Viaan was born. She signed up for a couple of endorsements, but ensured that her schedule would not take up too much of her time. 1. Dont give up on love Shilpa’s heart was broken by the Khiladi of Bollywood, Akshay Kumar but she never gave up on love. The rumour mills were abuzz about her ‘relationship’ with director Anubhav Sinha, but she firmly denied them. After winning Big Brother, Shilpa went to launch her signature perfume S2 and met Raj occasionally for the launch preparations. On their first media appearance, Shilpa called Raj, her ‘business friend’ but their frequent meetings soon took a personal turn.less 2. Shilpa soon announced her engagement to the world and proudly showed off the 20 carat diamond ring which had been gifted to her by Raj. A firm believer of karma and past life, Shilpa went on to say in an interview that Raj was a part of her past life and now they are back together. Lesson Learnt: So girls, no matter how many boys break your heart; don’t ever settle for anyone except for your Mr. Right. 3. Never embarrass your ex publicly You may be seething in anger and may want to kill your ex for two timing you, but in public, you must always be at your dignified best. Even though Shilpa was heartbroken after her break up, she has often said in interviews that there is no animosity between her and Akshay and they are good friends. Akshay and Shilpa have come face to face on a number of occasions, most recently on the celebrity dance show Nach Baliye, but Shilpa has always been pleasant to her ex-flame. Lesson Learnt: Your ex may be the devil’s incarnate, but you should never wash the dirty linen in public.less 4. Maintain dignity under pressure Life wasn’t easy for this gorgeous actress, but things took a turn for worse when she entered the celebrity Big Brother 5 in 2007. Racial slurs by her fellow contestants Jade Goody, Danielle Lloyd, Jack Tweed and Jo OMeara rattled her but she did not give up. She stayed in the house and soon emerged as Britain’s favourite with 63 per cent votes. 5. Not the one to hold grudges, Shilpa soon forgave Jade Goody and other contestants. She told the host of the show Davina McCall, â€Å"People make mistakes and were all human beings, were all fallible. Lesson Learnt: In a high pressure situation, never let your attackers get to you. Keep yourself in positive spirits, maintain your dignity and always let bygones be bygones. 6. Make time for family You may be swiftly climbing the success ladder, but don’t forget your family in all that excitement. Shilpa decided to take a break from her acting carrer for a year after her son Viaan was born. She signed up for a couple of endorsements, but ensured that her schedule would not take up too much of her time. 7. In an industry where actresses are always under the media scanner for their weight-issues, Shilpa says that she is no hurry to lose post-pregnancy flab. She believes â€Å"As we are in the glamour business, we are always scrutinised for our appearances and are bound to have insecurities. But for a mother, these first four months are very crucial for the childs health. You should not compromise with it.† 1. Dont give up on love Shilpa’s heart was broken by the Khiladi of Bollywood, Akshay Kumar but she never gave up on love. The rumour mills were abuzz about her ‘relationship’ with director Anubhav Sinha, but she firmly denied them. After winning Big Brother, Shilpa went to launch her signature perfume S2 and met Raj occasionally for the launch preparations. On their first media appearance, Shilpa called Raj, her ‘business friend’ but their frequent meetings soon took a personal turn.less 2. Shilpa soon announced her engagement to the world and proudly showed off the 20 carat diamond ring which had been gifted to her by Raj. A firm believer of karma and past life, Shilpa went on to say in an interview that Raj was a part of her past life and now they are back together. Lesson Learnt: So girls, no matter how many boys break your heart; don’t ever settle for anyone except for your Mr. Right. 3. Never embarrass your ex publicly You may be seething in anger and may want to kill your ex for two timing you, but in public, you must always be at your dignified best. Even though Shilpa was heartbroken after her break up, she has often said in interviews that there is no animosity between her and Akshay and they are good friends. Akshay and Shilpa have come face to face on a number of occasions, most recently on the celebrity dance show Nach Baliye, but Shilpa has always been pleasant to her ex-flame. Lesson Learnt: Your ex may be the devil’s incarnate, but you should never wash the dirty linen in public.less 4. Maintain dignity under pressure Life wasn’t easy for this gorgeous actress, but things took a turn for worse when she entered the celebrity Big Brother 5 in 2007. Racial slurs by her fellow contestants Jade Goody, Danielle Lloyd, Jack Tweed and Jo OMeara rattled her but she did not give up. She stayed in the house and soon emerged as Britain’s favourite with 63 per cent votes. 5. Not the one to hold grudges, Shilpa soon forgave Jade Goody and other contestants. She told the host of the show Davina McCall, â€Å"People make mistakes and were all human beings, were all fallible. Lesson Learnt: In a high pressure situation, never let your attackers get to you. Keep yourself in positive spirits, maintain your dignity and always let bygones be bygones. 6. Make time for family You may be swiftly climbing the success ladder, but don’t forget your family in all that excitement. Shilpa decided to take a break from her acting carrer for a year after her son Viaan was born. She signed up for a couple of endorsements, but ensured that her schedule would not take up too much of her time. 7. In an industry where actresses are always under the media scanner for their weight-issues, Shilpa says that she is no hurry to lose post-pregnancy flab. She believes â€Å"As we are in the glamour business, we are always scrutinised for our appearances and are bound to have insecurities. But for a mother, these first four months are very crucial for the childs health. You should not compromise with it.† 8. In another interview when she was asked what things she would grab in case there is a fire in her home, the gorgeous actress replied, â€Å"I would just make sure that my family escapes. Material things dont matter.† Lesson Learnt: Family comes first, always! And Ladies, enjoy each and every phase of your life. Motherhood is a blessing and do not let any nasty comments about your weight or appearance affect you.

Media Giant Rupert Murdoch And His Empire Media Essay

Media Giant Rupert Murdoch And His Empire Media Essay As the new millennium dawned, global television tracked the rise of the sun across the world (Thussu, 2006, p. 1). The twenty-first century brought with it the opportunity for millions of people to be able to communicate internationally in different time zones (Thussu, 2006). In such a global village that we live in, competition plays a magnetic role for attracting media giants to be present across borders spreading like wild fire. An apparition now haunts the world: The birth of a mercantile media structure is globally dominated by a diminutive numeral of influential media giants, mostly U.S.-based transnational media corporations (TNMCs). This structure continuously strives to strengthen the foundation of the global market and works towards advancing commercial values, while negatively portrays journalism and culture. It is a disaster for anything but the most superficial notion of democracya democracy where, to paraphrase John Jays maxim, those who own the world ought to govern it. (McChesney, 1997). The development of this mercantile system is very recent. Previously in history i.e. 1980s, the structure was tilted towards national boundaries. Communication and media industries were locally regulated and owned while importing limited music, books, TV shows, and films for decades. The decade of the 1980s saw the worlds economy become more fully privatized. Current trends in privatization and free market economies have led to an international consolidation of media companies. The trend towards consolidation has begun to emerge worldwide (Gershon, 1997, p. 5).The pressure implanted by the IMF, World Bank, and U.S. government in the 1980s to deregulate and privatize media and communication systems which overlapped with the new digital and satellite technologies led to the consequences towards the growth of transnational media giants (McChesney, 1997). The Major US media giants which dominate numerous universal media and international media-related markets are Time Warner, Disney, News Corporation, Viacom, and NBC Universal among a few others. They are spread widely nationally and across national borders. All are based in the United States, the central nation, with broad semi peripheral and some peripheral market activities (McPhail, 2006). This paper will concentrate on the media giant Rupert Murdoch and his empire News Corporation, one of the main benefactors of privatization of infrastructure of global communication. It will briefly describe the history of the existence of the company whilst focusing on an analysis of the international expansion strategy that Murdoch adapted during his journey to acquire the world of media. While analysing different strategies; as well as geographic expansion, there will be an effort to decipher the relation of the tools of extension to the powerful existence of different theories which have played a vital role in the establishment of media structures. Historical Background of News Corporation Changes in technology have pushed the flow of transnational traffic in media products. This development has mainly benefitted media conglomerates like News Corporation which lead media content and delivery mechanism by owning numerous networks and production facilities. This commercial dominance has raised many concerns about cultural homogenization. However, an obvious effort has been noted towards regionalisation and localisation of content to match local and cultural precedence of viewers given the heterogeneity of the universal market (Thussu, 2007) The President and founder of the News Corporation Ltd, Keith Rupert Murdoch, is a legendary example of a tycoon from his era who contributed immensely in the 19th century towards the tradition of the great press barons (Gershon, 1997). Murdoch, in one of his speeches said that For better or for worse, our company (The News Corporation Ltd.) is a reflection of my thinking, my character, my values. Rupert Murdochs universal vision of a new communications atmosphere is made up of both a corporate strategy and a social vision. The companys existence can be traced to the year 1923, in Australia, when News limited was set up in Adelaide with the intention of circulating a daily newspaper. Rupert Murdochs father Sir Keith Murdoch invested in minority interest in News limited in the year of 1949. The company was then officially established in South Australia in 1979 (Gershon, 1997). News Corporation is an entertainment based transnational media company which diversifies within eight different media sectors including Newspapers, Book Publishing, Magazines and Inserts, Filmed Entertainment, Television, Direct Broadcast Satellite Television, Cable Network Programming and other. Geographically the activities of News Corporation are spread out primarily in the United Sates, the United Kingdom, Continental Europe, Australia, Asia and the Pacific Basin (News Corporation Press Releases, 2010). News Corporation is engaged in the United Kingdom, United States, Australia, and Ireland in the publishing business of magazines, newspapers through its variety of subsidiaries. The Company publishes English language books worldwide via its wholly owned subsidiary HarperCollins Publishers. Furthermore their subsidiaries allow them to be also involved in the enlargement, invention and allotment of network and television programming as well as broadcasting television stations. It also owns shares in BSkyB and V, and Sky Italia which are involved in the direct broadcast satellite (DBS) business. The company currently owns the entire FOX franchise of broadcast networks; as well FOX film studios responsible for many blockbusters (News Corporation Annual Report, 2007) The birth of free flow of information after World War II contributed majorly towards the liberation of media markets. This theory lead to the existence of modernization theory, it also played a vital role in the decision of privatization. Murdoch has strategized to make competent use of liberation of cross-media ownership widely in the USA and the British media markets. He also strategically entered the private satellite operators into the arena of telecommunications and broadcasting. News Corporation risked a large sum on investment by leasing time on new satellite ventures such as Astra and Asia Sat (Thussu, 2000), Murdoch has been able to create a truly international media corporation, at the heart of which is satellite television. (Thussu, 2000, p. 107) All parent companies and subsidiaries are united through a common owner Rupert Murdoch. Murdoch demonstrates an expansion strategy through vertical integration, which has played a vital role in its most crucial times. The company was one of early migratory conglomerates of vertical integration, this move helped News Corporation to utilize the profits through its content operation via their existence in numerous distribution sectors of the media value chain. This move has certainly been a tactical way to achieve authority and probably produce a profitable position in various media markets (Flew and Gilmour, 2003). Murdoch chose to adapt a borrow and buy philosophy that enabled him to debt leverage his way to the very top. Each successful acquisition would generate profitable results however that required greater patience. Foundations of News Corporation in Australia After his fathers death on his return to Australia in 1954 Murdoch instantly started to struggle to increase the circulation of his Adelaide newspaper. Despite the negative attitude of other publishers and the constant underrating by his opposition he dedicated all his efforts to the print business with a passion, and learned the techniques of every aspect of newspaper production. He published exciting news stories in an effective writing style, soon making returns to Murdochs small holdings. He strategically took risks by acquiring smaller newspapers that were not doing well and then turned them around (Tuccille, 2003) Murdoch in a few years of success bought his first television station in July 1959, in Adelaide, calling it Southern TV. He was an innovative young man who throughout was in search for new communication technologies continuously making an effort to amalgamate them into his existing businesses. Later in a year he took over the Daily Mirror in Sydney and its associated Sunday paper for $4 million; the paper soon enough was known to be notorious for exciting and bizarre headlines and articles about sex and mayhem. He took immediate action to change this image and established TheAustralian in the mid of1964, as a national newspaper in Canberra. This paper was a twist from the norm; it discussed social issues and government policies and rapidly acquired the respect of journalists. (Encyclopedia of Business, 2010) Expansion to Britain Murdochs past in the U.K., from his days in Oxford, had left in him bitterness for the English upper class; they had made him feel like an outsider, as if they regarded Australians as inferior being and he planned to strike back at them. He had planned to expand to Britain at the first opportunity. As evident, Murdoch has no set strategy to operate his business; however he expanded internationally through making strategic alliances in Britain which later he transformed into acquisitions. This is evident as he become a principle investor in 1969 for News of the World (a newspaper previously owned by the Carr family) while facing direct competition by Robert Maxwell, who had an infamous reputation in the news circle. Murdoch gradually became the sole proprietor for News of the World by manipulating complete control of the corporation (Tuccille, 2003) In the same year he had an opportunity to take over a dying newspaper at its true cost called the Sun formerly known as the Daily Herald, a predominantly left-wing newspaper. The unions at that time felt that Murdoch would have been a better choice to keep the newspaper viable and trade union jobs unharmed, as opposed to Maxwell who had also shown interest in buying the newspaper. Murdoch revamped the newspaper into a tabloid which was greatly criticized by many of the British newspaper establishments. However Murdochs rebellious nature ignored the criticism and planned to assemble a team of reporters and promotion experts including many from Australia. By the 1970s the Sun had become Britains most popular publication with an increase in circulation to 1.7 million, which at present is replaced by 4 million. News Corporation has grown beyond its newspapers origin as it continues to be the largest newspaper producer in the world. In addition News Corporation owns many different British newspapers including the prestigious, The Times, New of the World, and The Sunday Times (Gershon, 1997). Murdoch uses cross-media ownership and synergies as another strategy, resulting in him being able to promote his ventures across, virtually, all media segments. There is an expectation by News Corporation for major synergies to be created between U.S. satellite operations and its global business. These synergies are part technology-related, for example by sharing security software or electronic programme guides, and part content related, as for the example the combined bidding for global sports rights. The power of cross-platform synergies is most evident in association to motion picture studios and television/cable platforms and networks. This is the vicinity where synergistic potential of power in relation to media supply chain are mainly noticeable (Gunther, 2003). Furthermore, Murdochs launch of Sky Digital in 1989, a four channel satellite television service, was afterwards merged with a competitor named British Satellite Broadcasting to form British Sky Broadcasting, in 1990. The merger instantly became a success with its multi-channel subscription service which was positioned to dominate interactive digital television (Forreste, 2010). BSkyB provides a wide portfolio of genres of television programming like entertainment, news, sports etc. in order to cater to a wide variety of target audience. Sky News and Sports have seen trends of consistent growth and viewership (McPhail, 2006). Moreover, BSkyB is now Europes most profitable broadcaster with 40% holding of U.K. news corporations; though at one point it led New Corporation towards bankruptcy due to a week global economy and lack of cash flow (Guardian, 2010) Murdochs media power supported Margret Thatcher with her struggle to liberalize regulation on cross media ownership. The victory of the British labour party in the 1997 election supported by the Sun lead to the Murdochization of the media, which transformed the media background in the U.K. and other countries. Since then, entertainment and infotainment have emphasised at the price of the public service function of the media (Thussu, 2006). Expansion to Europe Having established a base in the U.K., Murdoch expanded his business into Continental Europe by establishing partnerships in Germany and Italy. News Corporation penetrated the satellite television industry in 1983. It possessed many assets in Satellite Television PLC (SATV), which during the 1980s was set up to supply to Northern European audience. After two years alongside the scrutiny of the BBC, SATV, renamed Sky Channel and consisted approximately, of three million subscribers in 11 European countries. Murdoch was not encouraged in further increasing his acquisitions as he had already forged a union with, French television giant Canal Plus to create paid-television-services across Europe. Having only conquered 6% of Western Europe, few homes had cable television; the market for pay-TV was unreached (Fiero, 2002). Now News Corporations central business policy is to use soccer as a fuel to powered satellite dish sales across Europe. Murdoch is using sports programming to enter new markets; he has acquired premium sports rights for his network and is using an identical content approach that he pursued with BSkyB (News Corporation Annual Report, 2007). Expansion to the U.S.A. Murdochs journey to enter the U.S. market began in 1976 when he acquired the New York Post. Following this, in September 1985 Murdoch decided to become an American citizen in order to satisfy the legal requirements of the U.S. markets that only a U.S. citizen was permitted to own assets in the U.S. television industry. Later that year News Corporation entered the U.S. media market, by purchasing Metromedias seven television stations amounted at $2 billion. Murdoch not only took over these seven stations but also gained their market rank and their competitive position. This purchase resulted News Corporation to build the foundation of Fox television network. In 1986, News Corporation purchased 20th Century Fox for $1.55 billion (Fiero, 2002) From Murdochs early stages of business acquisitions recognized the significance of vertical integration as a strategy for launching a new business. In the two years Murdoch was guaranteed to create a stable source of programming and readymade distribution channels. The Fox Television Network was launched in April 1987 with 108 affiliates. Fox network opted for a highly differentiated strategy in comparison to the other U.S. networks. They plan to aim their programming towards a younger and urban audience. Fox introduced three distinguishing programming formats, reality based, counter culture and tabloid television (Albarran, Chan-Olmsted, O. Wirt, 2006) In the early years of development Murdoch faced heavy financial losses, however in a few years the network was able to reach 91% of United States through an amalgamation of VHF and low powered UHF stations. The network also transformed its programming from three nights a week to five nights. The financial recovery of these loses how Murdochs long term strategy in which he is prepared to suffer losses in the short run with the expectation of gaining long term returns in the future. Murdochs synergizing strategy helped him save Fox network in its initial years by cross investing from his other well to do companies (Gershon, 1997). Further to this Mr Murdoch and his management spend a good deal of time lobbying for support for proposed mergers and acquisitions and for favourable changes in the law such as those relating to media ownership and digital piracy in the USA. (Curwen, 1999) Other assets under News Corporation in the U.S. are the Weekly Standard, Hughes Electronics with a 34 % stake in the company and DIRECTV. Â  The vertically expansion acquisition of DirecTV is a fundamental piece representing Murdochs media empire, providing him with a lucrative distribution platform in the US, which can be used to offset the rising influence of large cable operators such as Comcast. There is a strong concern that News Corporation might not be able to advantage from its economies of scale and from efficient allocation of resources as of its vertical structure due to variations in strategies with DirecTV. Joint ventures with DirecTV are necessary for absolute vertical integration which allows News Corporation to adapt to an incomplete vertical structure. It may be added that Mr Murdochs position is so dominant that there is a niggling fear that he could yet put recent advances at risk, although he has recently made clear that the immediate strategy is to absorb and im prove DIRECTV rather than make further acquisitions. (Curwen, 1999). In 2005 News Corporation bought inter-mix media which holds myspace.com and many other famous social networking websites. In 2007 News Corporation attained Dow Jones, the publishers of the famous Wall Street Journal for $ 5.6 billion (News Corporation Annual Report, 2007) One of Murdochs moves has lead to a shift in the Australian market as he announced to move the head quarters from his native land to the U.S. This has created uproars and criticism by many, however the U.S. government subsided this protest by announcing that this move was in the best interest of the U.S. market (Shah, 2004). Expansion to the Asian Markets News Corporation further expanded to the Asian media market in the mid 1990s by investing in a joint venture with Phoenix TV and Star TV. Star TV then acquired Hutchvision Hong Kong Ltd; the very first satellite television licence in 1998. Very soon Star TV in China realised that Pan Asian broadcasting was not a practical strategy to adopt for Asian markets. Hence, it divided the media services into northern and southern i.e. China and India, respectively, as their main target. The flourishing Zee TV which is a joint venture of Star TV in India broadcasted in their native language Hindi further emphasised for Star TV to go local. Therefore Star TV continuously was on a quest to seek joint venture prospects in the district (Chalaby, 2005) News Corporation has used an array of strategies to consolidate its position in Asia, potentially the worlds biggest television market.(Thussu, 2000, p. 112). STAR TV network was set up to cater Asian audiences to global corporations and promoters. The enhancement of technology in satellites and dishes as well as the rapid expansion of liberalization and government deregulation certifies a concrete broadcasting future in Asia. STAR TV aims to stay in Asia on the very top of Satellite broadcasting. To capitalize on viewership Star TV is moving towards local language fare (McPhail, 2006) Star TV has assertively taken on the strategy of indigenisation in offering localized channels. This is truly an example of going glocal this strategy demonstrates how the global can include both the transnational and geo-culture by nominating the local to sustain the leading flow. Their localized channels include Star Chinese channel (for Taiwan), Star Japan, Star Plus and Star News for India, VIVIA cinema for the Philippines. ESPN Star Sports a joint venture of ESPN and Star to provide coverage of Pan Asian and international sports event is Asia. Murdochs Star Select are gradually localizing their content to cross into the gulf region. This Arabisation includes the use of subtitles for American programs and sensitising language as well as the depictions of sex and nudity (Thussu, 2006). In Asia News Corporation are faced with many burdens; political, economical, cultural and social. In order to eliminate these barriers to entry this works hand-in-hand with morality, democracy as well as with capitalism. This liberation of mechanisms for Asia is a result of communication, capitalism and democracy which create greater access, choice prosperity and social equality (Weber, 1995). Conclusion With News Corporation Murdoch has created an international empire of media, technology and sports franchise. His vast multimedia holdings have always been global in nature. With satellite system in Europe (BSkyB) Asia (Star TV) and North America (direct TV) Murdoch may be on his way to create a global media infrastructure (McPhail, 2006). There are three main strategies News Corporations business model is based on vertical control and horizontal networking, vicious quest of market expansion and the leveraging of community, and political elite opinion. In context of globalisation theory the company has been steadily occupied in structuring a foundation of geographically dispersed assets via mergers and acquisitions, direct foreign investment and strategic partnerships. This mechanism is interconnected, equally fundamental and established on the capability of Murdoch to build connection between media, political and economic system in the joint ventures of the corporations financial development (Arsenault and Castells, 2008) News Corporation consists of many various businesses within the umbrella of the company and therefore when examining the overall strategy of News Corporation, one needs to understand and scrutinize the various, individual, tactics that each sub-business applies in order to stay ahead of their competition in each respected industry. When examining Murdochs growth-tactics, in order to expand the News Corporation Empire, it would be adequate to state that he practices very aggressive strategies despite the industry divergences. In the print industry the company has adopted a cost-leadership strategy (van den Bosch, de Man, 1997), in order to monopolize the industry competition. When it comes to the television media, i.e. Fox, the company has spread in many directions, and their assets are vertically integrated to live up to the strategies of expansion in order to benefit from long-term returns. News Corporation has always been in quest to search power more than distribution, and the introduction of new digital technologies has created an opportunity to develop that type of power. The proceedings that help the continuous growth of News Corporation are the mature, non-digital distribution activities. Murdoch complies with a three-phase strategy in which profitable, high growth old businesses move the company ahead and please investors while mature parts of the company fund the growth areas of the future. (Turow, 2009). Diversification of News Corporation might create a possibility to enhance the position as more than one sector of the business is experiencing damaging changes. The major issue with that would be that Company would have to either adjust to an absolutely new business, or they would have to stick to what they know and hope they can keep ahead in the media market. Globally News Corporation thinks of itself more grandly than other media conglomerates. Like Disney another major media conglomerate, News Corporation necessitates for synergy among subsidiaries, global reach, and the use of new technologies. Unlike the other giants, News Corporation does not run on a business model of an official planning department. Criticism has been highlighted upon the way the company does not undertake acquisitions on the grounds of comprehending synergies with the core businesses, but mainly have the incentive of acquiring an asset on a lower price and selling it for a significant profit after it has been turned around. Due to which News Corporation lacks the connectivity to exploit synergies to its full capacity. The company is vastly spread out with very little connectivity. Murdochs strategic vision has always composed of expansion as the key factor. He has deserted his 1980s high-debt strategy, and has substituted it with more conservative management style. This allows him to be less dependent and exempts him from creating short-term shareholder value and rather focusing on long-term vision even if shareholders and financial markets would likely oppose such actions (Freedman, 1996). Murdochs strategies at times seemed risky and unsuitable and were against market norms but his commendable ability to handle the media industry, his fearless risk taking approach, joint with his exemplary familiarity of the media industries and his mystifying capability to sense the popular pulse, still lead to his extraordinary success (Thussu, 2000) Rupert Murdoch is a businessman. He has built News Corporations competitive advantage by continuing to maintain control of his joint ventures with other media giants and by leveraging his ability to influence audiences around the world in order to gain political favours. Authority in every system is attained on the foundation of safe entrant to the others. According to this point of view, Murdochs authority is not bound to a particular association with a political actor in a nation at any one point in time. What really matters is his control over multiple connecting points (Arsenault and Castells, 2008). Murdoch quoted The world is changing very fast. Big will not beat small anymore, It will be the fast beating the slow (Chappelle, 2007).

Civil Marriage In Lebanon Politics Essay

Civil Marriage In Lebanon Politics Essay Civil marriage has lately become a controversial issue in Lebanon. The media has been publicizing it quite intensively. It has even become a political issue debatable by most parties on both side of the political divide. The concept of civil marriage has gained much territory in this country and has already reached a point of no return. As such it can no longer be neglected or forgotten. Nowadays, civil marriage is legalised in most countries. It should, in fact, be encouraged here in Lebanon for several reasons. First, civil marriage is a right for believers and non-believers alike who wish not to marry in any or under the auspices of the religious institutions. In the absence of civil marriage, both believers and non-believers have only one choice: getting married in religious institutions. Civil marriage does not exclude religious ceremonies; it complements them, if so desired. The crux of the matter here is the right of choice. Lebanon does not offer that choice yet. MP Ghassan Mokheiber is one of the few politicians who support civil marriage in Lebanon, it should be one of the basic rights for the Lebanese people (Mahdawi, March 19, 2010). There is, nevertheless, a bright side to this issue. Despite the fact that the Lebanese people are deprived of this right on their own territory, they are, however, not deprived from their countrys recognition of their right to have their civil marriages carried out abroad. So, a couple who engaged in a civil marriage abroad is entitled to have their marriage fully recognized in Lebanon. Upon its return to Lebanon, the couples marriage is both legitimate and legal. Civil Marriage 3 Second, civil marriage is a blessing for men and women from different religious backgrounds who wish to enter into mixed marriage. In fact, it is the best refuge for secular arrangements. The progress of the secular culture has forced a regression of the religious option. This transfer of authority away from religious onto civil jurisdiction means that the power of regulating peoples live now lie in the hands of elected appointed civil officials. The clergy, stripped of its formal authority to regulate peoples civil lives, can no longer influence peoples choices in a secular state. In a country where civil marriage is practiced, the presence of a civil official simply validates the marital bonds of a bride and a groom away from religious conventional practices and authority. It is then a strictly civil affair. A clear illustration is when Rafik, a Druze, and Jeanette, a Catholic, decide to get married in Cyprus. Irrespective of their faiths, they can be joined in matrimony in a country where civil marriage is common practice. Rafik and Jeanette would have encountered several obstacles if they were got married in Lebanon. The first obstacle is that when one member of the couple is obliged to change to the religion of the other member; it seems as a conflict between religions. Given the society in Lebanon, most likely Jeanette will be the one to change. Furthermore, Druzes are not allowed to marry from another faith. Normally, people are born Druze. So, from a Lebanese religious stance, a Druze marrying a Christian would not be possible. Besides, Jeanettes family cannot allow for her to marry into a community other than Christian. Things can become even more complicated knowing that both Jeanette and Rafik are irreligious. Hence, the only solution for Jeanette and Rafik is to get married in Cyprus Civil Marriage 4 before a civil official leaving all their religious troubles as well as their religion-driven social taboos and customs behind them. Upon their return to Lebanon, the Lebanese authorities will legalize their civil marriage. Their married civilian status will then be clearly indicated on all their civilian extracts (No Civil Marriages in Lebanon). Third, civil marriage in Lebanon is a major step toward reinforcing interreligious dialogue. It helps build one Lebanese identity, which, in turn, will lead to a successful and healthy melting pot. One very important political decision consistent with this objective was taken as late as the mid 1990s. It was decreed that the religious denominations on identity cards be banned. This was the only successful of several failed attempts since the 1950s to legalize civil marriage in Lebanon (CopperWiki). Opponents, however, have always had the upper hand probably they were more vocal and more powerful. Their source of power could be either due to their formal position or to their leadership capabilities. One such attempt took place in 1998 when President Elias Hrawi was very close from introducing civil marriage into the Lebanese system. At that time, Prime Minister Rafik Hariri and some other ministers objected (Mahdawi, March 19, 2010). The reason why Hariri didnt accept to sign the bill was that Lebanon is not ready yet. Same as Hariri, and on the other end of the religious panorama, Lebanons Maronite Christian Patriarch, Cardinal Nasrallah Boutros Sfeir, declared that civil marriage is not in the line with the teachings of the Church. He also added that Solidarity with Lebanons Muslim community is a need (Yeranian, May 6, 1998, p.7). These negative voices have appropriately sparked many bitter criticisms. How does he want to establish this solidarity if hes an opponent of civil marriage, in the time that civil marriage Civil Marriage 5 is almost the only solution to live that solidarity? In another trial in 2002, human rights activists re-shed the lights on civil marriage, but unfortunately, without any success (Ajami, August 3, 2007). Finally, the simplicity and the expediency of civil marriage are far more convenient than the traditional ones. One blessing is not to worry about any delays or religious constraints. The presence of a civil official or a judge to join the couple is the only requirement. It is a practical arrangement for couples-to-be. A civil wedding ceremony may be arranged much faster than that of a traditional wedding. Moreover, civil ceremonies tend to be a favorite option given  the budget-conscious couples.  In fact, thousands of singles go through the civil marriage never to regret it. For the Lebanese, Cyprus is Las Vegas. Not for gambling, but à ¢Ã¢â€š ¬Ã‚ ¦ for marriage. While Las Vegas is the destination of choice for Americans looking to get married quickly, for the 400 Lebanese couples who travel to Cyprus every years seeking civil marriages, the decision is more calculated, (Luca, August 26, 2009). Besides, it is a most convenient half-an hour away refuge from Lebanon. In Cyprus, an average wedding costs less than $1,000; this sum represents 1% compared to the cost of a marriage that often reached thousands and thousands of dollars in Lebanon (Ajami, August 27, 2007). Civil marriage turns to be some kind of business where there are big financial profits. The famous slogan of Cyprus civil marriage is Just say I doà ¢Ã¢â€š ¬Ã‚ ¦ well do the rest.   The rest costs between $1,200 and $1,900. (Luca, August 26, 2009). Civil Marriage 6 Civil Marriage is just one chapter under the much bigger umbrella of civil society reforms that Lebanon needs to undergo badly. Other related problems that need to be addressed with equal urgency and importance include gender equality, child custody and divorce, which are all very closely related. Together with civil marriage, as and when updated, they compose the base for civil society. The current society relies on a complicated mix of religion. The first step towards modernization of our society should be its deconfessionalization. Religious leaders should be told to restrict their role to spiritual business specifically. Once our society turns secular, then other social issues, including civil marriage, would be addressed much more effectively. It is clear now that all the good and valid causes and benefits are there for as an immediate implementation of civil marriage regulations as possible. There is quite a dichotomy in the present situation: Civil marriage isnt allow in Leban on; while it is recognized if perform elsewhere. To many Lebanese the solution is very simple and could satisfy both sides: make of civil marriage a choice for interested couple (Mattar Law). The key to this solution is politicians, taking a courageous decision to launch the appropriate and serious workshop toward the implementation of civil marriages in Lebanon. The quicker such a decision, the quicker the solution. But, will it ever occur? And if so, how soon? Civil Marriage 7

Genetic Patenting and Human Dignity :: Genes Science Technology Essays

Genetic Patenting and Human Dignity As technology begins to reshape the world around us at a growing pace, we can’t help but shift the focus inward. Advances in biotechnology are unfolding at unprecedented rates, and while we begin to crack the code of life through the recent developments on the human genome project, the overall subject matter of ethics comes to mind. Now, one might question, if technology is about improvement and biotechnology is about improving life than why would anyone question the ethics of such? However, it recently has come to the point that improvement of life is bordering on manipulation of life, and many are throwing their hands up in moral protest. Consider the recent long-standing debate over the ethics of DNA patenting. Doesn’t holding a commercial patent over human genetic material offend our dignity as humans? Or is genetic material merely nothing more than proteins made from various chemicals no less subject to patenting than plastics, alloys, textile fabrics, pharma ceuticals, or other synthetic materials and compounds? Valid arguments could be made either way. The debate over genetic patenting involves the careful consideration of several perspectives including those of the legal, scientific, biotechnical, and economical fields of study. After analyzing the conflicting opinions of the different fields of study, one may procure a more knowledgeable understanding on which to base a moral framework suitable for evaluating the righteousness of DNA patenting. A proper starting point for the research of genetic patenting would logically begin with a basic understanding of the patenting system in the United States. The idea behind the patent, as established by our forefathers, is stated in the Constitution: â€Å"to promote the progress of science and useful arts by securing the authors and inventors the exclusive right to their respective writings and discoveries.† Further stated in the Constitution are the stipulations and requirements for receiving a patent. The four criteria included were: novelty(the invention is new, innovative, and is not obvious), utility(the invention could be used for more than just hypothetical use), enabling description(the invention is described in great detail-enough so that someone skilled in the field could benefit), and human ingenuity(Resnick, 3). Once the proper criteria has been met, a patent is issued which allows the inventor â€Å"only negative rights to exclude others from making, using, or commercializing his or her invention†(Resnick, 3). Genetic Patenting and Human Dignity :: Genes Science Technology Essays Genetic Patenting and Human Dignity As technology begins to reshape the world around us at a growing pace, we can’t help but shift the focus inward. Advances in biotechnology are unfolding at unprecedented rates, and while we begin to crack the code of life through the recent developments on the human genome project, the overall subject matter of ethics comes to mind. Now, one might question, if technology is about improvement and biotechnology is about improving life than why would anyone question the ethics of such? However, it recently has come to the point that improvement of life is bordering on manipulation of life, and many are throwing their hands up in moral protest. Consider the recent long-standing debate over the ethics of DNA patenting. Doesn’t holding a commercial patent over human genetic material offend our dignity as humans? Or is genetic material merely nothing more than proteins made from various chemicals no less subject to patenting than plastics, alloys, textile fabrics, pharma ceuticals, or other synthetic materials and compounds? Valid arguments could be made either way. The debate over genetic patenting involves the careful consideration of several perspectives including those of the legal, scientific, biotechnical, and economical fields of study. After analyzing the conflicting opinions of the different fields of study, one may procure a more knowledgeable understanding on which to base a moral framework suitable for evaluating the righteousness of DNA patenting. A proper starting point for the research of genetic patenting would logically begin with a basic understanding of the patenting system in the United States. The idea behind the patent, as established by our forefathers, is stated in the Constitution: â€Å"to promote the progress of science and useful arts by securing the authors and inventors the exclusive right to their respective writings and discoveries.† Further stated in the Constitution are the stipulations and requirements for receiving a patent. The four criteria included were: novelty(the invention is new, innovative, and is not obvious), utility(the invention could be used for more than just hypothetical use), enabling description(the invention is described in great detail-enough so that someone skilled in the field could benefit), and human ingenuity(Resnick, 3). Once the proper criteria has been met, a patent is issued which allows the inventor â€Å"only negative rights to exclude others from making, using, or commercializing his or her invention†(Resnick, 3).

Career Biography of John Locke Essay examples -- John Locke Philosophe

English philosopher, who founded the school of empiricism. Locke was born in the village of Wrington, Somerset, on August 29, 1632. He was educated at the University of Oxford and lectured on Greek, rhetoric, and moral philosophy at Oxford from 1661 to 1664. In 1667 Locke began his association with the English statesman Anthony Ashley Cooper, 1st earl of Shaftesbury, to whom Locke was friend, adviser, and physician. Shaftesbury secured for Locke a series of minor government appointments. In 1669, in one of his official capacities, In 1675, after the liberal Shaftesbury lost is power, Locke went to France. In 1679 he returned to England, but in view of his opposition to the Roman Catholicism favored by the English monarchy at that time, he soon found it expedient to return to France. From 1683 to 1688 he lived in Holland, and following the so-called Glorious Revolution of 1688 and the restoration of Protestantism to favor, Locke returned once more to England. The new king, William III, appointed Locke to the Board of Trade in 1696, a position from which he resigned because of ill health in 1700. He died in Oates on October 28, 1704. Empiricism Locke's empiricism emphasizes the importance of the experience of the senses in pursuit of knowledge rather than speculation or reasoning. The empiricist doctrine was first developed by the English philosopher sir Francis Bacon early in the 17th century, but Locke organized his ideas in an article in 1690 called Essay Concerning ...

Genetics In Life Essay -- essays research papers fc

Genetics In Life Genetics is the study of the patterns of inheritance of specific traits (Poretto). This knowledge could be used to alter the course of a future human life. This knowledge could even be used to stop a potentially painful life before it starts. Genetic engineering, like any other science, is a tool. Like any other tool Genetic Engineering is neither inherently positive nor inherently negative. Genetic engineering’s benefits outweigh the potential negatives, and in spite of some people fearing that it is immoral; genetics needs to be continually developed. The first step in eliminating superstition about a topic is to understand that topic. The origins of genetic history lay in the ancient techniques of selective breeding to yield desired characteristics in offspring. This is a form of genetic manipulation by "employing appropriate selection for physical and behavioral traits" (Gert 2). The work of an Austrian monk by the name of Gregor Mendel established the quantitative discipline of genetics using garden peas. Mendel's work explained the inheritance of traits can be stated by factors passed from one generation to the next; in other words, â€Å"genes†. The complete set of genes for an organism is called its genome (Congress 3). Traits are inherited through single or multiple genes. The development of these traits can be explained by environment variables (Congress 3). Mendel also correctly surmised that two copies of every factor exist and that one factor of inheritance could be dominant over another (Murphy). The next major step in genetics was deoxyribonucleic acid or DNA. DNA, as a part of genes, was discovered to be a double helix that encodes the blueprints for all living things (Congress 3). DNA is made of nucleotide chains made of four bases. Any ordered pair of bases makes a sequence. These sequences are the instructions that produce molecules and proteins for cellular structure and biochemical functions. DNA is packed into chromosomes, of which 23 pairs exist in each cell of the human body. One chromosome of each pair is donated from each parent. Any location on a chromosome where inheritance can be identified and tracked is a marker (Murphy). Markers can be expressed areas of genes (DNA) or some segment of DNA with no known coding function but an inheritance can still be traced (Murphy). Genetic mapping requires the use ... .... Genetic research is the present and future of medical science. Fear should not be allowed to stop the development of genetic research. Works Cited Bibliography Congress of the United States. Office of Technology Assessment. Mapping Our Genes: Genome Projects, How Big, How Fast?. Johns Hopkins UP: Baltimore, 1988. d’Usseaux, Francesca Brunetta. â€Å"Wrongful life and wrongful birth cases: a comparative approach.† N.D. 28, Sept. 2002 . Feinman, Michael. â€Å"Preimplantation Genetic Diagnosis - PGD.† April 2000. 24 Sept. 2002 . Gert, Bernard. Morality and the New Genetics: A Guide for Students and Health Care Providers. Sudbury: Jones and Bartlett P, 1996. Kassirer J. P., Rosenthal N. A. â€Å"Should Human Cloning Research Be Off Limits?† N Engl J Med 338:905-906 (1998). 15 Oct. 2002 Lee, Thomas F. The Human Genome Project: Cracking the Genetic Code of Life. New York: Plenum P, 1991. Murphy, Timothy F, and Marc Lappe. Justice and the Human Genome Project. Berkeley: U of California P, 1994. Porretto, Denise. â€Å"Genetics and Your Baby† N.D. 1, Sept. 2002 Sowers, Leslie. â€Å"Genetic Testing Can Hold Keys To Your Health† 4 Sept. 1997. 1 Oct. 2002 .

Monopoly and American values Essay

In societies all over the world the board game Monopoly is played by children and adults. The Parker Brother’s game has been sold in 37 different languages; over 200 million copies have been sold, is claimed to be the most popular game, and has also been sold in 103 countries. In America millions have played and is a normal and acceptable â€Å"American Past Time. † From a functionalist perspective the board game teaches and expresses many of the American values such as; equal opportunity, personal achievement and success, obtaining material comfort, progress, and the idea of democracy and free enterprise. The functionalist perspective represents society as system containing various parts that all work together to achieve social solidarity. In a post-industrial society, how does the game of Monopoly socialize people to the American Values? Society sure does function together and is well structured for the benefit of citizens, government, and entrepreneurs. The board game Monopoly has many rules and norms. There have even been Monopoly Etiquette Guides written for the serious players as well as tournament players. The recommended age for play is eight years of age and older and a minimum of two players. In America most of those with siblings of children understand how wrong a game of Monopoly can turn into a big fight. The rules of the game are pretty easy to follow. The object of the game is to become the wealthiest player through buying, renting and selling property. Each player is given $1500 to begin the game. A player must be elected to be the banker and sell property, houses, hotels, and pay the $200 salary that is collected each time a player passes go. The banker is also responsible for collecting fines and taxes owed. The spaces on the board are all labeled and include; GO, Jail, Chance, Community Chest, Taxes, Free Parking, and pay rent when landing on an opponent’s improved property. Each player is represented by a token which is a symbol of the game. These include; a wheel barrow, a car, an iron, a thimble, a cowboy on a horse, a dog , a pot of gold, a top hat, a ship, a boot, or a cannon. Each player is subject to going bankrupt, therefore increasing the other player’s chance of finding wealth. American society is very similar to the game of Monopoly. Players are socialized to these ideas which represent the values of America. Equal opportunity is taught by everyone beginning with the same amount of money, $1500, as well as $200 salary collected with each rotation around the board. Personal achievement and success is demonstrated on becoming the wealthiest player and to own the most property. Striving and working for material comfort is taught through collecting a salary and improving your owned properties, as well as collecting rent. Progress is a value in America that is evaluated by members of society on a daily basis. Progress in the game Monopoly is measured by wealth and property owned and creating a monopoly on resources, buildings, and property. The last important American value taught to players is democracy and free enterprise. The consensus of Monopoly is that it is a fun game to play. The manifest function of Monopoly is to entertain a group of players whether they are children, adolescents, or adults. The latent function is teaching players to think solely of themselves and not their neighbor who they should help. Greed is taught due to the emphasis of becoming the wealthiest player. The most witnessed latent function of Monopoly being causing dishonesty, anger, and even fighting between competitors. Although there are some negatives against the game the most important role is promoting social solidarity by encouraging a better community effort. Progress takes everyone’s help not just a few. Two options were given for a research assignment at the beginning of the course. Option one was to choose a category from; film, sports, or advertising. The second option was to read a book outside of class that focuses on Wal-Mart, minimum wage jobs for women, or how fast food has created a â€Å"now† demand for all of America’s services. The option selected for a personal interest was sports. More specifically how gender plays a role in the racing world. How are women and men treated differently? A major focus will be on drag racing and how times have changed as far as who can and cannot race as demonstrated by NHRA (National Hot Rod Association) Drag Racing. In conclusion Monopoly helps teach and spread the ideas of American culture. Players are to become the wealthiest and may have a higher social status as they can win Monopoly. A study in 2005 found that American’s value self expression more than survival. (Macionis pg. 49) This is even taught through Monopoly by being able to select how you build your property and by picking your game piece to represent yourself. A comparative study found that in 1969 the goal of first year college students was to â€Å"Develop a meaningful philosophy of life† in contrast to 2005 first year college students are wanting â€Å"to be very well off financially†. (Macionis pg. 56) Today in America having wealth is sought by all citizens but few find extreme wealth. According to the values of American’s material comfort should be worked for and can be more important than survival. With the ideas of democracy and free enterprise being key concepts of the game it is not surprising to find that globally approximately 46% of the worlds countries are â€Å"politically free†. (Macionis pg. 44) Although the game has been published in 37 different languages, English is a very common first language as well as a common second language across the globe. (Macionius pg. 47) Following the same thought nearly all of the United States speaks English or Spanish in the home. (Macionius pg. 56)This allows for the further acknowledgement of the American Values to many societies. Overall the game of Monopoly socializes people of many cultures to the American values. All of the American values encourage a person to think personally rather than globally.

Moral Panic Definition Essay

Deborah Cameron is a linguistic scientist whose focus interrogation is on what peoples attitudes atomic number 18 towards language. She writes a long commentary on lesson threat attack in communicatory Hygiene explaining how the media and general public misinform concerns beyond reason. Cameron reports that Jock Young describes example threat as the publics reaction that is completely disproportionate to the developed problem. Cameron explains that the casings of moralistic affright are analyse in a simplistic manner, barely the concern to the problem escalates to intolerable levels. She manipulations the experimental condition fellowship devil as an pillow slip of how they are identified in battalion striked violence and is a prick goat to the exaggerated issues reported by the media. Cameron as well as states from what scholars have suggested that moral misgivingis a product of modern stack media, if there is media attention the event give turn into an i ssue. However, if the media does not give attention, thence the event will go unnoticed.In American Werewolf in capital of Afghanistan Sean Brayton, a Ph.D student researching the specifics of critical laundry theory and media studies, analyzes the concept of moral panic as being an important cause of the potential threat of depicted object security department to the United States of America. He illustrates the trio briny elements of moral panic folk devils, evasive terms, and moral entrepreneurs using the certainity of hind end Walker Lindhs journey finished multiple identities. Comparing Camerons definition of moral panic to Braytons parole of moral panic, which originated from Cohens developed exposition of the context in 1972, there is stipulation that media overemphasize concerns beyond practicality. Both Cameron and Brayton use the term folk devils to represent a subgroup of individuals that is a leading cause of moral panic, yet with different purposes. Cameron sug gests that the term folk devil is usually branded to brotherly minorities that bear the burden enmity and reprove by the socially ideal majority, whereas Brayton expands Cohens understanding of the term as a threat to the moral constitution of clubhouse on the whole.Although their research areas are not of a similar context, they both relate their writing to a pagan annals in an era of media induced political relation. As the previous paragraphs mentioned, the term moral panic is applied in both Cameron and Braytons writing, which Cameron realizes the crucial influence to expanded reports, bandage Brayton blames that those reports magnify the guilty to the individuals who commit. According to Brayton, three essential elements can be prepare in the concept moral panic folk devils, moral entrepreneur, and ambiguous terms. Those elements are perfectly applied to a real life example during WWII, most of the impoverished Nipponese-Americans (devil folks) were forced to move into the internment coterie by the U.S.A. Government (moral entrepreneur) after American military base in collect Harbour was destroyed by Japanese army. The U.S.A. Government treated the Japanese-Americans unfairly, as national enemies, traitors, or spies for their homeland (defined terms).Cameron is a linguist and uses moral panic theory to explain why negative attitudes arose toward youth literacy in 1980 1990s England. Brayton looks at moral panic theory from the perspective of ethnic politics and how moral panic was used power 9/11 to preserve American ideals and create separation from conflicting cultural values. In both cases, Cameron and Brayton use moral panic theory to understand a cultures reaction to whatsoever social problem exaggerated by the media. Moral panic theory provides researchers with a method of analyzing a situation resulting from a moral panic. Moral panic is, as Cameron describes, a problem discussed in an obsessive, moralistic and alarmist manner. The theory may also be a utile puzzle for researchers dealing with the study of human mien or culture, such as cultural history, social theory, criminology, and anthropology. In particular, it could be useful in studying the effects of media on culture.

Only the Strong Survive

The price of capital has increased.There is a big difference between the shipbuilding market of 2002 and 2013, however.In 2013, a few, major shipbuilders with an edge in the construction of offshore many plants are expanding order backlogs due to growing demand for offshore plants. We anticipate investments in offshore E&P projects will continue to rise, as we expect oil prices will remain high. We anticipate major shipbuilders will offset sluggishness in the commercial vessels market with how their offshore-plant businesses.Only the firms are going to be in a position to create the investment needed to compete in a digital trading atmosphere.[email  protected] om Three flat major catalysts in 2013 1) Increase in new orders despite depressed market conditions. 2) Improved cash flow and balance sheets. 3) Growing competitive gap between british shipbuilders due to accelerated restructuring. Historic low P/B presents attractive valuations We expect Korean shipbuilders will be abl e to maintain their competitive edge regardless of the depressed shipbuilding market.

Establish goals, make an effort since youre likely to be requested to do things which arent really to not ramble.We find Hyundai Mipo Dockyard (010620 KS/Buy/TP: W148,000) to be the best among shipbuilders that focus on mid-to-small vessels. We raise our target price on Samsung Heavy Industries by 5% to W46,200 to reflect its stable earnings and solid order flow; however, we downgrade our rating of Hanjin Heavy I&C (097230 KS/Hold) from Trading Buy to Hold. Three major domestic shipbuildersE cash flow and share performance (Wbn) 10,000 Avg. ash cerebral flow of major shipbuilders (L) Avg.Thus the liberty of everyone is the outcome of solidarity.Three major domestic shipbuildersE order trend and forecast (Wbn) 70,000 60,000 50,000 40,000 30,000 20,000 10,000 0 01 02 03 04 05 06 07 08 09 10 11 12 plate 13F Shipbuilding Non-shipbuilding Source: Company data, KDB Daewoo Securities Research Figure 3. KOSPI and shipbuilding stock index trend (1/1999=100) 1,000 KOSPI Shipbuilding stoc k index 800 600 400 200 0 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13F 13 14F 14 Source: KDB Daewoo Securities ResearchKDB korean Daewoo Securities Research 2 January 17, 2013 Shipbuilding Three major catalysts in 2013 1. New orders for major Korean shipbuilders to increase sharply In 2013, we expect major Korean shipbuilders will see sharp increases in new orders. Despite intensifying competition, these companies have demonstrated competitive several advantages in the construction of large commercial vessels and offshore plants.

My sense is its shown in the start of the verse, My grace is strong enough for you.In particular, we expect orders for certain high-priced vessels, including FPSO and LNG FPSO, to increase. 2.Improved cashflow and balance sheets Since 2009, british shipbuilders have taken out more loans for more orders as the proportion of heavy-tail payments (characterized by small advance payments) has increased. On a more positive note, however, we expect shipbuilder loans to decrease (thus improving cashflow) as these contracts are paid off toward late 2013.Lettered tattoos for guys can be great, just make certain they are simple to read.Second phase of restructuring to further consolidate industry We anticipate the shipbuilding market will remain weak due to the global economic downturn, logical and the tightening of ship financing. We project the current, still-surviving shipbuilding companies will aggressively seek new orders to strengthen backlogs. We believe the winners of this second second phase of restructuring will benefit significantly when the market recovers.Amid the current drop in vessel construction, the percentage of bulk carriers and tankers (out of total orders) has decreased significantly, while the percentage of megacontainerships and LNG carriers has increased.

Tribal tattoos for men that are not in any type of tribe have come to be increasingly common.Another risk factor is won appreciation, but at current levels, we believe risks are limited, thanks to Korean shipbuildersE technological edge, and dollar denominated payment for raw materials, which accounts for 40% of total raw organic material purchase. KDB Daewoo Securities Research 3 January 17, 2013 Shipbuilding Figure 4. Three major domestic shipbuildersE cash flow logical and share performance (Wbn) 10,000 Avg. cash flow of major shipbuilders (L) Avg.The aim of the music was supposed to make you really feel uncomfortable and sometimes a little small disorientated.7% 8 0 2008 2012 Source: Clarkson, press release, KDB Daewoo Securities Research Figure 6. Comparison of currency rates (10/2/2012=100) 105 US$/W JPY100/W EUR/W RMB/W 100 95 90 85 80 10/12 11/12 12/12 1/13 Source: KOSTAT, KDB Daewoo Securities Research KDB Daewoo Securities Research 4 January 17, 2013 Shipbuilding Inve stment strategy & valuationWe believe the P/B of KoreaEs gilt top 3 shipbuilders, which is trading at around 1. 0x, should rebound to 1. 2x, a level seen historically as the low, thanks to the aforementioned three major catalysts.

old Folks who make the decisions.nd Sembcorp Marine (Singapore companies specialized in offshore plant). In light of the ongoing eurozone crisis and unstable global economy, shipbuilding new shares are expected to trade between a P/B of 1. 0x~1. 3x.Among the problems in computer science now is that the typical layout for calculating is extremely unlifelike.Figure 7. Major shipbuildersE ROE, P/B trends (Market cap, Wtr) 4. 0x (%) 50 3. 0x 40 90 60 2.

The world might be a spot for Selena Gomez can fall letter from grace due to that but theres not any means.New order trends (US$bn) 30 25 20 15 10 5 0 03 04 05 06 07 08 09 10 11 12 HHI SHI HMD Figure 10. Order backlog trends (US$bn) 60 50 40 30 20 10 0 07 08 09 10 11 12 HHI SHI HMD Source: Company Data, KDB Daewoo Securities Research Source: Company Data, KDB Daewoo Securities Research Figure 11. Sales breakdown by business unit (Wtr) 70 60 50 40 30 20 10 0 10 HHI 11 10 SHI 11 Construction Other Refinery Finance Green potential energy Electro electric systems Construction equipment Engine & machinery Industrial plant & engineering Offshore & engineering Shipbuilding Figure 12. Hyundai Heavy IndustriesE P/B upward trend Market cap,Wbn) 42,000 35,000 28,000 21,000 14,000 7,000 0 00 01 02 03 04 05 06 07 08 09 10 11 12 13F 13 3.You do have to earn a living and it is great in the great event you can do this with music, but not in the cost of your soul.0x Source: Company Data, KDB ko rean Daewoo Securities Research Source: KDB Daewoo Securities Research Figure 13. Samsung Heavy IndustriesE P/B trend (Market cap,Wbn) 14,000 12,000 10,000 8,000 1. 0x 6,000 4,000 2,000 0 00 01 02 03 04 05 06 07 08 09 10 11 12 13 13F 2. 0x 6.

Men have another reason behind choosing a mate.5x 6,000 2. 0x 1. 5x 4,000 1. 0x 2,000 0.Such men want the endurance to keep a high degree of combat readiness.0 Figure 18.EPS growth-P/E comparison (P/E, x) 20 Keppel 2. 0 Sembcorp Mitsubishi HHI 1. 0 Guangzhou Sumitomo giant Mitsui (ROE, %) 0.

It will happen once begun.6 Market EPS Growth (13F, %) 19. 1 P/E (13F, x) 8. 5 Market P/E (13F, x) 9. 0 KOSPI 1,977.There is simply no doubt.1 Foreign Ownership (%) 19. 6 Major Shareholder(s) Mong-Jun Jung et al. (21. 31%) Treasury shares (19.

Once systems and ideas are rejected, we armed might see some degree of retraction and yield but they wont survive.7 Relative -0. 9 -12. 6 -27. 1 One step back for twenty two steps forward ? ? ? Targeting orders of US$29.However, we expect the company to record robust orders in 2013, boosted by a pickup in the offshore/onshore plant market. The companyEs earnings how are anticipated to turn around in 2H13, while its cash flow should improve on massive orders and an increase in heavy-tail payments. HHIEs shares how are trading at a 2013F P/E of 8. 5x and a P/B of 1.In 2013, however, the company will be able to achieve its order target of US$29. 7bn in light of new its strong determination to revamp its business structure. 2) The company is anticipated to receive massive offshore/onshore plant orders.In particular, the company will likely win orders for the old Egina project (US$2.

4) Exports of construction equipment and ultra-high voltage transformers should also increase on recoveries in the US and Chinese economies. ) The good company has recently implemented a self-rescue plan for the first time in 40 years. While the number of applications for HHIEs early retirement plan (pushed through at end-2012) missed expectations, the company has subsequently carried out structural reform measures. We expect the companyEs long-term restructuring efforts to positively affect earnings going forward.7 3,782 6. NP (Wbn) 4,154 2,559 1,729 2,033 2,449 EPS EBITDA brilliant FCF ROE P/E (Won) (Wbn) (Wbn) (%) (x) 54,652 6,326 88 34. 5 8. 1 33,671 5,473 -504 16.1 8. 5 32,218 4,768 2,297 12. 2 7. 1 P/B (x) 2.9 EV/EBITDA (x) 6. 5 5. 3 8. 5 6.

8 12/12F 54,741 49,759 4,981 2,496 2,485 2,485 110 233 -240 2,595 766 1,829 0 1,829 1,729 100 1,568 1,458 110 3,469 -2,260 6. 3 4. 5 3. 2 12/13F 58,433 52,473 5,960 2,630 3,331 3,331 -448 248 -200 2,882 749 2,133 0 2,133 2,033 100 1,872 1,762 110 4,320 2,005 7.0 3. 9 Statement of Financial Condition (Summarized) Wbn) Current Assets Cash and Cash Equivalents AR & Other Receivables report Inventories Other Current Assets Non-Current Assets Investments in Associates Property, Plant and Equipment Intangible Assets Total Assets Current total Liabilities AP & Other Payables Short-Term Financial Liabilities Other Current Liabilities Non-Current Liabilities Long-Term Financial Liabilities Other Non-Current Liabilities Total Liabilities Controlling Interests Capital Stock Capital economic Surplus Retained Earnings Non-Controlling Interests Stockholders Equity 12/11 23,076 1,610 9,525 6,478 2,359 25,924 973 15,565 2,324 49,001 25,491 14,339 8,903 2,249 5,334 3,224 1,954 30,824 16,379 380 1,100 15,399 1,797 18,177 12/12F 25,628 1,888 10,237 6,897 2,737 24,553 916 15,706 2,290 50,181 23,183 11,605 9,060 2,518 7,460 5,550 1,755 30,643 17,624 380 1,100 16,894 1,915 19,538 12/13F 28,538 3,517 10,927 7,304 2,922 24,365 716 15,703 2,264 52,903 24,136 12,388 9,060 2,688 7,602 5,550 1,896 31,737 19,141 380 1,100 18,682 2,025 21,166 12/14F 30,153 3,469 11,786 7,878 3,151 24,277 566 15,700 2,240 54,430 24,320 13,361 8,060 2,899 6,901 4,550 2,195 31,221 21,074 380 1,100 20,885 2,135 23,208 Cash Flows (Summarized) Wbn) Cash Flows from Op Activities Net Profit Non-Cash Income and great Expense Depreciation Amortization Others Chg in Working Capital Chg in AR & Other Receivables Chg in Inventories Chg in AP & Other Payables Income Tax Paid Cash Flows from Inv Activities Chg in PP&E Chg in Intangible total Assets Chg in Financial Assets Others Cash Flows from Fin Activities Chg in Financial Liabilities Chg in Equity big Dividends Paid Others Increase (Decrease) in Cash Beginning B alance Ending Balance 12/11 276 2,743 3,078 853 85 -860 -4,072 -178 -1,442 -364 -1,474 -888 -1,583 -67 -34 796 347 1,206 0 -411 -448 -269 1,879 1,610 12/12F -1,972 1,829 1,907 899 85 107 -4,572 -512 -453 -3,197 -1,136 -544 -1,074 -60 406 184 2,806 3,484 0 -245 -444 278 1,610 1,888 12/13F 3,082 2,133 2,187 903 86 50 -489 -691 -407 783 -749 -770 -900 -60 0 190 -683 0 0 -245 -438 1,628 1,888 3,517 12/14F 3,345 2,549 2,220 903 84 50 -528 -859 -574 973 -895 -738 -900 -60 0 222 -2,654 -2,000 0 -245 -409 -48 3,517 3,469 Forecasts/Valuations (Summarized)P/E (x) P/CF (x) P/B (x) EV/EBITDA (x) EPS (W) CFPS (W) BPS (W) DPS (W) Payout ratio (%) Dividend Yield (%) Revenue Growth (%) EBITDA Growth (%) Operating Profit economic Growth (%) EPS Growth (%) Accounts Receivable Turnover (x) Inventory Turnover (x) Accounts Payable Turnover (x) ROA (%) ROE (%) ROIC (%) Liability to Equity high Ratio (%) Current Ratio (%) Net Debt to Equity Ratio (%) Interest Coverage Ratio (x) 12/11 12/12F 12/13F 12/14F 7. 6 10. 6 8.7 5. 0 1. 3 1. 1 1.2 5. 2 33,671 22,750 26,750 32,218 46,009 35,699 39,772 45,203 203,367 220,183 240,492 266,237 4,000 0 4,000 4,000 9. 6 0. 0 12.

8 1. 8 43. 8 1. 9 6.5 10. 4 -18. 0 -45. 2 34.6 20. 4 5. 9 6. 0 6.2 8. 3 4. 1 4. 8 5.

1 4. 8 16. 7 10. 2 11.0 11. 2 169. 6 156. 8 150.2 124. 0 40. 8 45. 3 34.6 9. 2 Source: Company data, KDB Daewoo Securities Research estimates KDB Daewoo Securities further Research 9 January 17, 2013 Shipbuilding Samsung Heavy Industries (010140 KS) Buy (Maintain) Target Price (12M, W) 46,200 Share Price (01/16/13, W) 37,850 Expected Return (%) 22. 1 EPS Growth (13F, %) 0. 6 Market EPS Growth (13F, %) 19.

0 Free Float (%) 69. 5 52-Week Low (W) 31,650 52-Week High (W) 42,350 Beta (12M, Daily Rate of Return) 1. 57 Price Return Volatility (12M Daily, %, SD) 2. 3 Foreign Ownership (%) 32.05%) Price Performance (%) 1M 6M 12M ablative Absolute -2. 7 4. 3 12. 3 Relative -1.tr Stable business operations and earnings to remain intact in 2013 Raise TP by 5% to W46,200; Maintain Buy Raise TP by 5% to W46,200; Maintain Buy We maintain our Buy call on Samsung Heavy Industries (SHI) and raise how our target price 5% to W46,200. In deriving our target price, we applied a 5% premium to the companyEs lowest P/B level since 2005 (1. 3x). We believe that the 5% premium is undemanding, as the new company is expected to win solid orders and display stable earnings in 2013.3x. We think that SHI has strong investment merits in light of its competitive edge, stable earnings, robust growth potential, and cash flow improvement. Investment summary 1) Domestic institutions how are most optimistic on SHI am ong the three largest domestic shipbuilders. SHI has proven its superior competitiveness in the offshore plant business, including FLNG and drillships.

As such, the company will be able to repay its debt and strengthen its financial structure. 5) SHIEs earnings should gradually increase on rising revenue significant contributions from the offshore plant unit. Share price 150 140 130 120 110 100 90 80 1/12 5/12 9/12 1/13 KOSPI Earnings & Valuation Metrics FY 12/10 12/11 12/12F 12/13F 12/14F Revenue (Wbn) 13,146 13,392 14,875 14,980 15,751 OP OP Margin NP (Wbn) (%) (Wbn) 1,433 10. 1,000 1,160 8.7 3,685 1,455 1,556 19. 4 4,021 1,551 282 18. 4 4,044 1,514 931 15. 8 4,396 1,667 978 14.4 8. 6 P/B (x) 2. 1 1. 2 1.4 6. 1 5. 5 4. 5 Notes: All figures are based on consolidated K-IFRS; NP refers to net profit attributable to controlling interests Source: Company data, KDB Daewoo Securities Research estimates Daewoo Securities Research 10 January 17, 2013 Shipbuilding Samsung Heavy Industries (010140 KS/Buy/TP: W46,200) Comprehensive net Income Statement (Summarized) Wbn) Revenues Cost of Sales Gross Profit SG Expenses Operating Profit (A dj) Operating Profit Non-Operating Profit Net Financial Income Net Gain letter from Inv in Associates Pretax Profit Income Tax Profit from Continuing Operations Profit from Discontinued Operations Net Profit less Controlling Interests Non-Controlling Interests Total Comprehensive Profit Controlling Interests Non-Controlling Interests EBITDA FCF (Free Cash Flow) EBITDA Margin (%) Operating net Profit Margin (%) Net Profit Margin (%) 12/11 13,392 11,628 1,763 681 1,083 1,160 -10 -25 -32 1,150 299 851 0 851 851 0 616 616 0 1,455 1,556 10.

2 6. 2 12/13F 14,980 13,017 1,962 764 1,198 1,198 4 -44 0 1,202 268 934 0 934 934 0 925 925 0 1,514 931 10. 1 8. 0 6.6 5. 3 1. 2 5. 4 3,685 5,296 22,582 500 12.0 -14. 9 2. 8 23. 3 3.4 91. 3 25. 8 57. 5 12/12F 9.

0 0. 0 11. 1 6. 6 5.7 5. 8 18. 4 18. 9 182.7. 0 1. 3 5. 5 4,044 5,410 30,381 0 11.2 0. 6 4. 0 27. 1 4.

5 126. 4 -10. 3 69. 5 12/14F 8.0 0. 0 5. 2 10. 1 13.1 6. 4 14. 9 19. 1 121.4 EPS economic Growth (13F, %) 45. 2 Market EPS Growth (13F, %) 19. 1 P/E (13F, x) 13. 1 Market P/E (13F, x) 9.

58 Price Return Volatility (12M Daily, %, SD) 2. 4 Foreign Ownership (%) 18. 1 Major Shareholder(s) Hyundai Samho Heavy Industries et al. (46.We expect HMD to maintain stable rapid growth in orders and earnings, despite the global economic slowdown and eurozone fiscal crisis. Indeed, among small- to mid-sized shipbuilders, HMD is the company most favored by shipowners. Amid an expected further slowdown in the shipbuilding market, the company is anticipated to display distinguished share performance in 2013. Given HMDEs cash holdings of W450bn logical and the value of its stake in Hyundai Heavy Industries (W1.Investment points ) We believe HMD will continue to display outstanding performance among small- to mid-sized Korean british shipbuilders in 2013. Even amid intensifying competition due to limited orders and low ship prices, the company is expected to enjoy stable orders, earnings, and cash flow this year. 2) HMDEs competitiveness comes from its productivity, financing capa bility, and the quality of its products. It also boasts strong cost competitiveness as the company purchases raw materials at relatively lower prices from the Hyundai top Heavy Industries Group.5 3. 3 6M 6. 4 -2. 4 12M 11.

1 4,624 378 8. 2 200 9,992 441 -633 5. 5 11. 2 4,404 126 2.4 13. 1 4,855 230 4. 235 11,770 293 416 7. 4 10.2 1. 0 13. 8 0. 9 8.2 4. 3 12/12F 4,404 4,002 402 276 126 126 41 -8 -2 167 41 126 0 126 131 -5 -274 -265 -9 192 -563 4. 4 2. 9 3.

0 4. 7 4. 9 Statement of Financial Condition (Summarized) Wbn) Current total Assets Cash and Cash Equivalents AR & Other Receivables Inventories Other Current Assets Non-Current Assets Investments in Associates Property, Plant logical and Equipment Intangible Assets Total Assets Current Liabilities AP & Other Payables Short-Term Financial Liabilities Other Current Liabilities Non-Current Liabilities Long-Term Financial Liabilities Other Non-Current Liabilities grand Total Liabilities Controlling Interests Capital Stock Capital Surplus Retained Earnings Non-Controlling Interests Stockholders Equity 12/11 4,134 564 975 283 427 3,691 34 889 340 7,825 3,914 1,774 1,779 361 502 56 420 4,416 3,217 100 91 2,081 191 3,409 12/12F 4,994 418 1,814 231 352 3,632 35 928 341 8,626 4,499 1,850 2,253 396 999 191 781 5,498 2,912 100 90 2,172 215 3,127 12/13F 4,919 468 1,568 243 462 3,675 33 964 344 8,593 4,274 1,905 1,953 416 1,046 141 878 5,320 3,067 100 90 2,323 206 3,273 12/14F 4,878 532 1,4 27 255 486 3,650 31 933 347 8,527 4,071 1,991 1,643 437 993 101 865 5,063 3,267 100 90 2,519 197 3,464 Cash Flows (Summarized) Wbn) Cash Flows from Op Activities Net Profit Non-Cash Income and Expense Depreciation year Amortization Others Chg in Working Capital Chg in AR & Other Receivables Chg in Inventories Chg in AP & Other current Payables Income Tax Paid Cash Flows from Inv Activities Chg in PP&E Chg in Intangible Assets Chg in Financial Assets Others Cash Flows from Fin Activities Chg in Financial Liabilities Chg in Equity Dividends Paid Others significant Increase (Decrease) in Cash Beginning Balance Ending Balance 12/11 -697 202 311 62 1 -213 -1,075 -190 -54 -593 -135 441 -100 -4 400 145 93 245 0 -93 -59 -168 732 564 12/12F -816 126 78 65 2 -12 -969 -220 52 66 -50 150 -112 -4 79 186 516 601 0 -39 -46 -146 564 418 12/13F 489 185 71 64 1 10 291 247 -12 56 -58 -47 -100 -4 0 57 -392 -350 0 -39 -2 50 418 468 12/14F 432 230 62 62 1 30 212 140 -12 86 -73 23 -30 -4 0 57 -391 -350 0 -39 -2 64 468 532 Forecasts/Valuations (Summarized)P/E (x) P/CF (x) P/B (x) EV/EBITDA (x) EPS (W) CFPS (W) BPS (W) DPS (W) Payout ratio (%) Dividend Yield (%) Revenue Growth (%) negative EBITDA Growth (%) Operating Profit Growth (%) EPS Growth (%) Accounts Receivable Turnover (x) Inventory Turnover (x) Accounts Payable Turnover (x) ROA (%) ROE (%) ROIC (%) strict Liability to Equity Ratio (%) Current Ratio (%) Net Debt to Equity Ratio (%) Interest Coverage Ratio (x) 12/11 12/12F 12/13F 12/14F 11. 2 19.9 9. 8 8. 4 0. 8 1.8 8. 6 6. 0 9,992 6,556 9,518 11,770 13,153 9,869 12,760 14,910 146,152 130,821 138,428 148,290 2,000 2,000 2,000 2,000 19. 6 29.6 1. 6 1. 6 11. 7 -4.

5 33. 4 14. 3 -44. 7 -66.4 45. 2 23. 7 6. 1 4.1 19. 5 19. 5 2. 5 3.5 2. 2 2. 7 5. 5 4.

1 10. 7 15. 6 129. 6 175.0 115. 1 119. 8 -18. 0 -4.6 78. 1 109. 7Source: Company data, KDB Daewoo Securities Research estimates KDB Daewoo Securities Research 13 late January 17, 2013 Shipbuilding Hanjin Heavy I&C (097230 KS) Hold (Downgrade) Target Price (12M, W) Share Price (01/16/13, W) 10,000 Expected Return (%) 0. 0 EPS economic Growth (13F, %) RR Market EPS Growth (13F, %) 19.6 52-Week Low (W) 10,000 52-Week High (W) 23,850 Beta (12M, Daily Rate of Return) 1. 43 Price Return high Volatility (12M Daily, %, SD) 2. 7 Foreign Ownership (%) 9. Major Shareholder(s) Hanjin Heavy I Holdings et al (37.

We believe that the companyEs earnings and ready cash flow will not improve for the time being, given its tepid order performance amid the sluggish commercial vessel market, and the front suspension of its Youngdo shipyard due to a strike.Although the company has recently embarked on the development of an industrial site near the Incheon port, the project is unlikely to boost operating gross profit markedly due to high capital requirements and increased interest expenses. As such, the companyEs shares are unlikely to recover in the near term, in our view Although the companyEs shares are trading at a 2013F P/B of just 0. 4x, we believe that their investment merits are low.2) There is a slow growing possibility that the Subic shipyard will take new orders, as it possesses strong price competitiveness. However, as it is difficult to slender build highend vessels at the Subic shipyard, the companyEs earnings are unlikely to recover in the near future. 3) There are many labor-manag ement social issues yet to be resolved, including one related to employees who are currently on leave due to a lack of work. ) Although HHIC is meeting its short-term capital special needs through real estate disposal, the company will likely find it difficult to sell large-scale real estate assets due to the real personal estate market slump.Proceeds from the companyEs planned rights offering (estimated to at W180bn) should be only equivalent to its annual interest expenses. 6M -26. 7 -35. 5 12M -47.5 -103 2,795 76 2. 7 -10 3,071 83 2. 7 -32 EPS EBITDA FCF ROE (Won) (Wbn) (Wbn) (%) -1,496 312 487 -3. 6 -2,006 200 -224 -5.

0 0. 5 0. 4 0. 4 0.9 18. 0 Notes: All figures are based on consolidated K-IFRS; NP refers to net profit attributable to controlling interests Source: Company data, KDB Daewoo Securities Research estimates Daewoo Securities Research 14 January 17, 2013 Shipbuilding Hanjin Heavy I (097230 KS/Hold) Comprehensive national Income Statement (Summarized) Wbn) Revenues Cost of Sales Gross Profit SG Expenses Operating Profit (Adj) Operating Profit Non-Operating Profit Net Financial Income Net Gain letter from Inv in Associates Pretax Profit Income Tax Profit from Continuing Operations Profit from Discontinued Operations Net Profit more Controlling Interests Non-Controlling Interests Total Comprehensive Profit Controlling Interests Non-Controlling Interests EBITDA FCF (Free Cash Flow) EBITDA Margin (%) Operating net Profit Margin (%) Net Profit Margin (%) 12/11 2,892 2,665 227 140 87 108 -190 171 -2 -82 15 -97 0 -97 -97 0 -90 -90 0 200 -224 6. 9 3. 7 -3.0 2. 7 -0. 4 12/14F 3,071 2,764 30 7 224 83 83 -125 150 0 -42 -9 -33 0 -33 -32 0 -57 -56 0 184 146 6. 0 2.9 -2,006 323 36,806 0 0. 0 0. 0 -8. 7 -35.

2 -1. 3 -5. 1 2. 4 276.3 0. 4 24. 0 -2,123 -111 34,182 0 0. 0 0.3 8. 0 3. 9 -1. 5 -5.5 0. 3 12/13F 5. 9 0. 4 16.

8 20. 1 RR 3. 6 9. 8 4.6 87. 1 152. 8 0. 4 12/14F 10.0 9. 9 -5. 8 9. 9 RR 3.8 2. 4 267. 0 81. 7 157.

As of the publication date, Daewoo Securities Co. , Ltd. has been acting as a financial advisor to Hyundai Mipo Dockyard for its treasury stock trust, and other than this, Daewoo Securities has no other special interests in the companies covered in this report.As of the publication date, Daewoo Securities Co.* The target price was determined by the research political analyst through valuation methods discussed in this report, in part based on the analystEs estimate of future earnings. The achievement of the target price may be impeded by risks related to the subject securities and companies, as well as general market and economic conditions. W) 800,000 600,000 400,000 200,000 0 1/11 7/11 1/12 7/12 1/13 korean Hyundai Heavy Industries (W) 60,000 50,000 40,000 30,000 20,000 10,000 0 1/11 7/11 1/12 7/12 1/13 Samsung Heavy Industries (W) 350,000 300,000 250,000 200,000 150,000 100,000 50,000 0 1/11 7/11 1/12 7/12 1/13 Hyundai Mipo Dockyard (W) 50,000 40,000 30,000 20,000 10,000 0 1 /11 7/11 1/12 7/12 1/13 Hanjin Heavy I&C Analyst such Certification The research analysts who prepared this report (the „Analysts†°) are registered with the Korea Financial Investment Association and are subject to Korean marketable securities regulations. They are neither registered as research analysts in any other jurisdiction nor subject to the laws and regulations thereof.Except as otherwise specified herein, the Analysts have logical not received any compensation or any other benefits from the subject companies in the past 12 months and have not been promised the same in direct connection with this report.No part of the compensation of the Analysts was, is, or will be directly or indirectly related to the specific recommendations or views contained in this report but, like all employees of Daewoo Securities, the Analysts receive compensation that is impacted by overall firm profitability, which includes public revenues from, among other business units, the instituti onal equities, investment banking, proprietary trading and private client division. At the time of publication of try this report, the Analysts do not know or have reason to know of any actual, material conflict of interest of the Analyst or korean Daewoo Securities Co. , Ltd.Information and pinions contained herein have been compiled from sources believed to be reliable and in good faith, but such information old has not been independently verified and Daewoo makes no guarantee, representation or warranty, express or implied, as to the fairness, accuracy, greater completeness or correctness of the information and opinions contained herein or of any translation into English from the Korean language. If this report is an English french translation of a report prepared in the Korean language, the original Korean language report may have been made available to investors in advance of this report. Daewoo, its affiliates and their directors, officers, employees and agents do not accept a ny liability for any loss arising letter from the use hereof. This report is for general information purposes only and it is not and should not be construed as an such offer or a solicitation of an offer to effect transactions in any securities or other financial instruments.

The price and value of the investments referred to in this report and the income from them may go down as well as up, and institutional investors may realize losses on any investments. Past performance is not a guide to future performance. Future returns are not guaranteed, and a great loss of original capital may occur. Daewoo Securities Research 16 January 17, 2013 Shipbuilding Distribution United Kingdom: This report is being distributed by Daewoo Securities (Europe) Ltd.S. by Daewoo Securities (America) Inc. , a member of FINRA/SIPC, and is only intended for major institutional investors as defined in Rule 15a-6(b)(4) under the U. S.Any U. S. recipient of this document wishing to effect a transaction in any securities discussed herein should contact and same place orders with Daewoo Securities (America) Inc. , which accepts responsibility for the contents of this report in the U.S. or to U. S. ersons absent registration or an applicable exemption from the registration requi rements.