Energy Security Research Paper Example | Topics and Well Written Essays - 1500 words - 1

Energy Security - Research Paper Example However, there should be development of alternative ‘clean’ energy sources, which do not rely on fossil fuels and which have a tolerable environmental effect in order to meet the raising global demands for energy and to allow for the depletion of fossil fuel supplies in the future (332). For effectively use of renewable sources, there is a need of consistent ways of storing energy for example, rechargeable batteries and high-temperature superconductivity as well as developments in hydrogen storage (Dresselhaus and Thomas, 333). Due to high demands, the strained global energy systems has caused high prices hence increasing global anxiety over the world’s ability to meet energy needs. It is evident that there is a challenge trying to administer the growing complexity of an energy-interdependent world while on the other hand trying to meet environmental, security, and economic goals. This necessitates a more advanced energy policymaking approach one that fully values the complex nature of energy security, the need to manage the trade-offs inherent in energy policy decision-making, and the interdependencies of global markets (Verrastro and Ladislaw, 95). On the other hand, each energy source has some adverse effects. Fossil fuels processes emit carbon dioxide, and perhaps other contaminants, such as nitrogen oxides, sulphur oxides and ash. There is production of radioactive fission products in the nuclear plants. While dams and large lakes are needed for hydroelectric plants, large areas are necessary f or solar and wind energy although they are limited geographically. Then again, geothermal sources are restricted to very few locations and those methods using small temperature gradients need very large heat-exchanger areas because of the low thermal efficiencies in the earth or oceans (Dresselhaus and Thomas, 332). One of the alternative energy supplies that the globe can rely on is solar

Obesity Essay Example | Topics and Well Written Essays - 750 words - 2

Obesity - Essay Example Advances in technology and processes in the last decade for transforming health food (e.g. corn and potatoes) have improved output in food manufacturing. One critical author identifies the manufacturing processes of infusing unnatural flavors into the common potato as a means of enhancing taste for customers. Schlosser offers, â€Å"taste is a method of differentiating food which is good for us from foods that are not† (Schlosser, 122). Thus, the food manufacturing industries recognize that their products are more likely to sell if different artificial flavors are infused into relatively common health agriculture. With more efficiency in these design and process systems, companies are able to add these flavors, consisting of unhealthy artificial ingredients and added fats, at a much cheaper price with faster distribution to retail shelves and fast food restaurants. Such changes in cheaper and more efficient product modification are a marketing tactic which creates a perceived better quality of food over the unmodified health agriculture, such as with the potato processing example. Businesses have learned that such additions of flavor and added fats provide much better profit margins and, in the process, longer shelf and freezer life of these enhanced products over the original agricultural output. It is because of the cheaper production processes and the higher profit by essentially fooling consumers into believing modified foods are a better alternative that enhanced and unhealthy products continue to flood many different food markets. There is also a significant over-reliance on economic models in the food system that leads to obesity problems in the United States. Food producers and agricultural industries do not have the ability to perform their systems autonomous of broader macro-economic conditions. Rising gasoline prices, higher increases in base salaries for manufacturing workers, rising costs of insurance, and other economic circumstances contin ue to raise the price of healthy agricultural output. The Consumer Price Index, a measure of consumer incomes as compared to product pricing, estimates that food inflation will continue at a pace of approximately 2.5 to 3.5 percent through the end of 2012 (Bloomberg, 1). In 2011, it was estimated that food inflation increased by 0.4 percent each month, representing a total food inflation in 2011 at 4.8 percent (Hauser, 1). In total, this represents an increase of approximately 8.3 percent in just two years. These inflationary costs are dictated by all of the aforementioned economic conditions that do not allow businesses to create healthy agricultural output without influence of multiple economic situations. What happens in this over-reliance is that fast food and other processed foods that are able to be distributed at a lower cost actually become more appealing to the strapped consumer in terms of price (Stacey, 1). As one example, the McDonald’s Extra Value Menu priced at $1 significantly outperforms the pricing of healthy grocery store substitutes by nearly 300 percent (or more). The costs of producing a home-cooked meal using health products, such as starches, proteins and vitamin rich vegetables are highly superior to the cheaper and much less healthy fast food alternative. This is why

History Of Reggae Music

History Of Reggae Music Reggae is a music genre first developed in Jamaica in the late 1960s. While sometimes used in a broader sense to refer to most types of Jamaican music the term reggae more properly denotes a particular music style that originated following on the development of ska and rock steady Reggae is based on a rhythmic style characterized by accents on the off beat, known as the skank. Reggae is normally slower than ska but faster than rock steady. Reggae usually accents the second and fourth beat in each bar, with the rhythm guitar also either emphasizing the third beat or holding the chord on the second beat until the fourth is played. It is mainly this third beat, its speed and the use of complex bass lines that differentiated reggae from rock steady, although later styles incorporated these innovations separately. The unprecedented explosion of creativity in Jamaica after that time is yet unexplained. Of course the whole population still sings Gospel on Sunday, and in this poor country, all the music that one can hear on the dance floors and the sound systems stays the main form of culture. Singers, DJs and producers are leaders and teachers. Like in Brazil and Africa (of which reggae takes most of its inspiration), the whole country is vibrating with music 24hours. Nevertheless, this passion for sound and beat dont explain it all. More is to come. The frantic side of the first reggae tunes disappears and in the beginning of the 70s, the One Drop style (that is commonly called Roots Reggae) starts to settle. This irresistible style with its fundamental simplicity, originality and essentiality, goes back to the African roots. Albums are always more creative and hundreds of fantastic artists take on the stage: Burning Spear, Jimmy Cliff Reggae is the heartbeat of Jamaica a brand of reggae music as strongly identified with the island as RB is with Detroit or jazz with new reggae Orleans. Its a major factor in the Jamaican economy, at no time better demonstrated than during Reggae Sunsplash and Reggae Sumfest (enormous annual reggae festivals), when almost one-quarter million visitors arrive from overseas to dance and sway in delirious union to the soulful, syncopated beat on the tiny island. In life outside music, ambiguity is not necessarily a positive attribute it is often a sign of indecision and, in politics, a lack of firm direction but in the world of sound, ambiguity becomes a virtue by offering many different possibility to proceed. Through music, in fact, even suffering can be pleasurable (Barenboim, 2009). According to Barenboim, music as just to escape of their problems, they use music like as a guide to do things and to do this things with pleasure and maybe better. The music, when you listen to it even if you are in bad mood and you do not feel good you can feel satisfied. Your favorite music can inspire you to do things on a good way. We connect reggae music to travel. Caribbean country, Jamaica is also very popular destination for many people. Thanks to combination of natural and cultural diversity, the country has turned into successful tourist destination. Jamaica is famous with its beaches, favorable climate and friendly local inhabitants. The people who like to travel to place like this are the reggae fans, fans of Bob Marley and all the Rastafarians. Bob Marley is one of the most popular musicians in the world, and number one in this kind of music. The reason all these people travel to Jamaica is maybe because they can find some kind of escape from their job, life and problems by getting high and listening music. Jamaicans just like Holland are with open mind about the Marijuana plants and smoking of weed. Thats and reggae music are the main reasons so many people to visit Jamaica. Connections between reggae and Jamaican culture are many. Jamaicans are deeply linked with reggae music and with the Rastafarians they all believe in one god called JAH. We can also relate reggae culture with Jamaicans because of the colors green, yellow and red. Jamaicans are Latinos and they like to have dread-locks which are so usual for them. Music semiology (semiotics), the semiology of music, is the study of signs as they pertain to music on a variety of levels. Following Roman Jakobson, V. Kofi Agawu adopts the idea of musical semiosis being introversive or extroversive-that is, musical signs within a text and without. Topics or various musical conventions such as horn calls, dance forms, and styles. This means the music itself has variety of levels or with another words different style. Every style is unique by itself and has something different and something not ordinary which makes him unique. The thing which makes the reggae music unique is the way of singing and how the performers are singing about good things with slow and calm sounds which makes you relax and chill. With that music the people can escape from their everyday life and to feel better. You can not feel any kind of aggression like from some another kind of music all what you can feel pleasure and happiness. That is why two of the most popular reggae songs like no woman no cry.. And ..everything gonna be all right.. Give us message which reggae fans like at most typically for that kind of music. This message refers to happiness, no worries, no stress. Reggae Aesthetics By definition the musical aesthetics is concentrated on the quality and study of the beauty and enjoyment of music. Aesthetics is a sub-discipline of philosophy. It is often thought that music has the ability to affect our emotions, intellect, and psychology; lyrics can assuage our loneliness or incite our passions. (http://en.wikipedia.org/wiki/Aesthetics_of_music ) Anyone seriously interested in understanding contemporary Jamaican live and literature must encounter reggae as a cultural phenomenon that has engaged the spiritual, political, social, erotic, and racial dynamic of Jamaican society. ÂÂ  Understanding reggaes role in the word today is to understanding the complexity and reality of the popular culture in the late twentieth century. Reggae is a good way to examine the cultural, political and social development of Caribbean society. It is important to show that reggae influences Caribbean literature and represents complex aesthetic force. Reggae artists are known as one of the most astute poets and polemicists always striving to unshackle themselves from the capitalist colonial powers of the day. Reggae Development The music industry is always changing due to the interests of the listeners and the influences of many kinds of music genres and creativities. The same with how music evolves into different style because of collaboration of different styles of music. It is repeating how ska and rocksteady developed into reggae; musicians are creating different style of reggae and spreading the beats and rhythm through the whole world. These are some highlights of the development of reggae music: Inner Circle: Pioneer of Jamaican reggae into US television Inner Circle is a Jamaican reggae group. The group was formed in 1968 by the brothers Ian and Roger Lewis in Jamaica. With Jacob Miller as their frontman and lead singer the band was one of the most popular in Jamaica during the 70s, and one of few reggae bands that performed live. They are responsible for the 1987 song Bad Boys, which serves as the theme song for Fox Networks long-running television program COPS. However, at first they covered soul and hits from the United States, and then also a few reggae songs, predominantly from Bob Marley. Come back hits such as Sweat A La La Long UB 40: British Pop Reggae Band in 1978 More than any other artists of their time, Britains UB40 have proven the power of pop-influenced reggae music. With worldwide sales topping 30 million albums during their career, the UB40 story demonstrates just how far people can go by staying true to their roots. UB40 grew up in the heart of Birmingham, one of Englands most ethnically diverse cities. The summer of 1978 saw the eight band members drawn together by their love of the Jamaican reggae vibes. UB40s breakthrough in America arrived in the form of 1983s Labor Of Love, and its single Red, Red Wine. The song topped the British singles charts in 1983 and five years later landed UB40 with their first #1 smash hit in the U.S.of Autumn 1984. They were touring America and Canada in the first half of 1985, the group celebrated another hit single in July 1985 with I Got You Babe. Peter Andre: One hit wonder from the down under Peter became the first Australian male artist to debut at No. 1 in the UK, with Flava. Peter scooped two awards at the year end Smash Hits Poll Winners Party. Soon followed a total of 3 Top Five hits, including two No.1 hits in the UK and a total of 11 top ten hits worldwide. Peters most successful release to date, came with the release of Mysterious Girl which sold over 2 million copies worldwide, making it the highest selling single of 1996. Flava and I feel You followed consecutively, both debuting at number 1. Big Mountain: American mainstream reggae in mid 90s Much like UB40, American reggae band Big Mountain brought a very commercialized version of Jamaican Music to the American mainstream when their cover of Peter Frampton Baby, I Love Your Way reached the Top Ten in early 1994. To the bands credit, though, their three albums contain reggae roots music combined with only several RB-ish covers, and the lineup includes two Jamaicans with excellent credentials: rhythm guitarist Tony Chin and drummer Santa Davis, both of whom played with the Peter Tosh band and the Soul Syndicate. Shaggy: The most commercial reggae genre in the 90s was dancehall reggae Emerging in the early 90s, Shaggy was the biggest crossover success in dancehall reggae. Not only did he become the genres most commercially potent artist in the international market, he was also more than just a typical flash in the pan, managing to sustain a career over the course of several highly popular albums. Perhaps in part because he wasnt based in he never really needed to have it both ways: virtually ignoring the hardcore dancehall crowd, his music was unabashedly geared toward good times, a friendly persona, and catchy party anthems. He wasnt shy about lifting hooks wholesale from pop hits of the past, a chart-ready blueprint similar to that of hip-hop stars like Puff Daddy, but he also had fairly eclectic tastes, giving his records a musical variety lacking from other dancehall stars. As a result, he became one of the scant few reggae artists to top the album and pop singles charts in America, not to mention numerous other countries where hes had even greater success. Sean Paul: The rise of Dance Hall into Rap Hip Hop Reggae Paul released his debut single, Baby Girl, with producer Jeremy Harding in 1996; it proved a significant success, leading to further Jamaican hits like Nah Get No Bly (One More Try), Deport Them, Excite Me, Infiltrate, and Hackle Mi. In 1999, Sean Paul started to make inroads to American audiences; he was first commissioned to collaborate with fellow dancehall hitmaker Mr. Vegas on a production for rapper DMX; titled Here Comes the Boom, the song was included in director Hype Williams film Belly. Also that year, Paul scored a Top Ten hit on the Billboard rap charts with Hot Gal Today. Unfortunately, Paul had a very public falling out with Mr. Vegas over the packaging of the latters remix of Hot Gal Today; still, it didnt slow Pauls career momentum, as he played the Summer Jam 2000 in New York City, the center of his American popularity. That fall, Paul released his first album on VP Records; the sprawling Stage One collected many of Pauls previous hit singles and compilation cuts, pl us a few brand-new tracks. 2002s Dutty Rock and 2005s The Trinity were extremely successful. Both albums peaked in the Top Ten of the album chart and featured a handful of mainstream smashes. Daddy Yankee: Reggae Ton Pioneer and Entrepreneur In the early 1990s, hip hop was overshadowed by Spanish reggae coming in from Panama and rather than make a decision for one type of music over another, Yankee and like-minded friends began to rap over the popular dancehall music, creating a new musical fusion that over time was named reggaeton. While hip hop and rap were still underground movements in Puerto Rico, there was one club where the new fusion was welcome called The Noise. Yankee started hanging out with the rappers and DJs at the club, and there he met the DJ/producer Playero, who gave him his start, featuring the budding artist on the 1992 album Playero 37, and who helped him with his full-length debut album, No Mercy, that was released in 1995. No Mercy did not receive much recognition, and Yankee continued recording as a guest artist on several other albums. Gasolina made it to the top of Billboards Hot 100 and even today may well be the single that non-Latinos associate with reggaeton, the albums phenomenal success within the Latino community was Lo Que Paso, Paso. Hermeneutics of Reggae Hermeneutics is the study of interpretation theory, and can be either the art of interpretation, or the theory and practice of interpretation. In sociology, hermeneutics means the interpretation and understanding of social events by analyzing their meanings to the human participants and their culture. It enjoyed prominence during the sixties and seventies, and differs from other interpretative schools of sociology in that it emphasizes the importance of the context as well as the form of any given social behavior. The central principle of hermeneutics is that it is only possible to grasp the meaning of an action or statement by relating it to the whole discourse or world-view from which it originates: for instance, why would people dance along to reggae music while he would probably not familiar with reggae. Roger Savage, author of Hermeneutics and Music said that peoples roles of judgment and imagination play both in our experiences of music and its critical interpretation, and reevaluates our current understandings of musics transformative power. There fore Reggae has been created and always related as music with beats of happiness. The message in the music itself is about leaving the worries behind and enjoys the life in a relaxing way. This beats and message has been delivered through the whole world in so many years before. It is not anymore related to Jamaica or Caribbean but it is now own by the world. Bob Marley, Marijuana leaf and the Jamaican flag colors are just becoming a symbol of the Reggae history and knowledge to where it came from. Reggae is interpreted as the music of happiness. The experiences of reggae music and the party scenes have been created, especially through the 90s when dancehall reggae was born and developed to it is today. People always like to feel happy. Reggae is infectiously inviting people to dance along the beat and become a guilty pleasure for some people. Reggae is not anymore about third world country and culture, not about marijuana smokers, not about Rastafarian anymore. Wherever the reggae beats are played, class, race and nationality are no longer exist.

Alzheimers Disease Essay -- Alzheimers Disease Essays

Alzheimer's Disease If we accept that the brain's ability to "fill in the blanks" about each experience we have, then we can conclude that our past is indeed partially our own brain's creature. However, there are still some norms created by people that define certain experiences as normal and others as not. What happens when a person starts to behave ab-normally? How is his/her brain filling the blanks in a different manner? To discuss this subject we would discuss the most common form of dementia among old people, the Alzheimer's disease. Dementia is a brain disorder, a loss of intellectual function (thinking, remembering, reasoning), which substantially affects a person's ability to carry out daily activities. Alzheimer's disease (AD), a form of progressive, irreversible dementia with no known cause or cure, first described in 1906 by Dr. Alois Alzheimer, causes damage to the parts of the brain that control thought, memory and language. The consequences of the disease in terms of the patient's lifestyle are often times confused with the natural syndromes of aging. However, AD is not a normal part of aging. The processes which occur in an AD patient are still extensively researched. Nerve cells in the regions controlling the above mentioned faculties are lost and certain neurotransmitters' performance is damaged. The two most affected types of brain cells by AD are neuritic plaques and neurofibrillary tangles. While some neuritic plaques are commonly found in brains of elderly people, they appear in excessive numbers in the cerebral cortex of Alzheimer patients. Neurofibrillary tangles are twisted remnants of a protein called tau, found inside brain cells and crucial for maintaining proper cell structur... ...involves destruction of brain cells as supposed to pure aging. This provokes the question of the extent to which yourself, everything you associate as being your personality, your memories, your knowledge, is vulnerable and how everything that defines a "self" could be destroyed. References 1) Alzheimer's Society information sheet http://serendip.brynmawr.edu/bb/neuro/neuro02/web3/www.alzheinmers.org.uk 2) About Alzheimer's Disease – Symptoms, Risk factors, etc. http://serendip.brynmawr.edu/bb/neuro/neuro02/web3/www.ahaf.org/alzdis 3) Alzheimer's Disease Fact Sheet. http://serendip.brynmawr.edu/bb/neuro/neuro02/web3/www.alzheimers.org/pubs 4) Alzheimer's Association http://serendip.brynmawr.edu/bb/neuro/neuro02/web3/www.alz.org 5) Neurology Forum http://serendip.brynmawr.edu/bb/neuro/neuro02/web3/www.neurologychannel.com/alzheimers<br>

A Journey: Analisys

A Journey A Life is all abort accepting how our lives have turned out. Sometimes life makes us wonder whether we have made the right decisions or not. All the decisions life throws at us is only to make us stronger as a person. After we have made a big decision all of us come do doubt whether we have chosen the right thing to do. This mental journey of self-assessment is what the protagonist, Mary, experiences in the short story â€Å"A Journey† by Colm Toibin from 2006 Mary has had a hard life, she has seen how hard can be, she has a clinically depressed son, and a paralyzed husband and during the long drive back from the hospital whith her son in the back seat, she think about how her life has turned out to be. The story is told by a limited third person narrator, and seen from the mother, Mary’s point of view. By observing Mary’s thoughts, it becomes easy to see how much her choices in life has meant to her and how much she still think about them. Especially when it comes to the son’s diseases – it is something she is very concerned with. Her main concern is whether she and her husband had something to do with his condition. â€Å"Were they to blame, she and Seamus, and in what way, for the fact that their twenty-year-old son whom she was driving home from the hospital had spent the last seven months there suffering from silence, as she called it; the doctors called it depression†[1] Mary searches her memory to find answers to the many questions she had build op in her mind though the years. Through a number of flashbacks she is trying to find some clues as to what could be the cause of her and David's condition. It is questions like whether Mary and Seamus perhaps gas spent to little time at home while Mrs. Redmond babysat David, and whether hey should not have sold the old shop. Mary and Davis’s relationship is tens; Mary is trying to break the ice between them by asking David for a cigarette. The relationship between them develops throughout the journey from the hospital. Even though Mary has made some wrong decisions in life, she does not complain about it, but she tries to repair her relationship with her son. Mary is stopped in her life as she stops the car, and she is now trying to change things, starting with the relationship with his son. This goes hand in hand with the poem Lucinda Matlock by Edgar Lee Masters' from 1916. In the poem the speaker also talks about how she has lived her life, and how there has been good times and bad times. She has enjoyed her life, but she has still lost eight of her twelve children. Lucinda argues that you have to take charge of your life and take the good times with the bad. As she finishes her poem, â€Å"it takes life to love life†[2] When she decides to stop the car, she finally makes a breakthrough in their communication. Mary is not only using this mental journey to think about her son, but also about her life with her husband, whom she thought she knew. Once again she thinks back on her life with Seamus and thinks about all the happy times they had together. Seamus is much like David, he does not give her any attention. The thoughts Mary deals with in regards to her son and husband are very well illustrated in Andrew Sean Greer's The Story of a Marriage from 2008. â€Å"We think we know the ones we love [†¦] But what we love turns out to be a poor translation a translation we ourselves have made, from a language we barely know†[3] She feels that they ignore her and do not appreciate her, not only by her by husband, but also by her son. Mary is moving one step closer to taking her fate into her own hands. Finally it dawns on Mary, that no matter how many downs you have in life, it will still be her life. And when her life has not come to an end yet, she is forced to take her life into her own hands and decide whether she will live life with two people who do not show their love for her or whether she will take a decision to live a life alone. We as readers do not know the ultimate ending to the short story, as it is an open ending. It is up to the reader to decide how it should end. B Flashback is one way for the author to tell whether an episode has happened in the past that has significance for the present. It gives us as readers a better understanding of why Mary thinks like she does. The flashbacks in â€Å"A Journey† are not very long, but despite that they give away a lot of information. Some of Mary’s flashback shows a life with happiness, but some of them do also show a life with difficultness. The first flashback, we get in the short story is when you get an insight into David's childhood from Mary's point of view. Because we see it from Mary's point of view we need to make our own impressions. The flashbacks deals with the important things in her life, most of them are a contrast to how her life has become. The Flashback is about her dead mother in her father's old shop, the rather pleasant experience of taking care of here father on his deathbed, and joyous occasions with her son and husband. Some of the flashback shows a life with happiness, but some of them do also show a life with difficultness. An example of a one of the positive flashback could be when she imagined the time where her father bought a house to her and Seamus. This flashback shows us that she had a wonderful life with Seamus before he got sick â€Å"She pictured as well their first sighting of the old two-story house beside the school that her father had bought for them when they got married. She remembered the atmosphere inside the house the day they went to look at it [†¦]†[4] All the flashback, we get in the story come on the trip home from the hospital with her son. She sees herself in him and want him to get out of his little shell, so he can experience the wonderful world we actually live in. She knows how it feels to live a hard life. She got over her mother's death, so he need to get over his father's illness – If it is the reason why he is so mentally closed. ———————– [1] P. 1 L 30-33 [2] p 6 l. 22 Text 2 [3] P 7. L 1-3 text 3 [4] P 2. L 55

JPMorgan Finance Group Essay

1. Why do you think JPMorgan and Merrill Lynch were selected to underwrite and book-run all $23.3 billion in financings (all debt, common stock, and convertible), instead of sharing the underwriting with additional firms? JPMorgan and Merrill Lynch had positive reputations after they both ranked highly in convertibles and common stock underwriting. These trustworthy banks had well-established ties to FCX. Also, these two firms agreed to issue a bridge loan to FCX prior to the acquisition. 2. What was the role of the leveraged finance group at JPMorgan and why was its involvement important to the acquisition? The leveraged finance group was responsible for the analysis behind making the bridge financing commitment to FCX. This was important to the acquisition because the bridge loan enabled FCX to show Phelps Dodge that they were committed to financing them. 3. Describe the forms of risk that an investment bank must consider in relation to acquisition and underwriting transactions. Describe what it means for a firm to set aside capital when it completes underwriting transactions. Capital Risk-financial risk a bank takes on when it agrees to finance an acquisition. Reputation Risk-comes from associating the investment firm with the company for which it is raising capital for or funding. When a bank sets aside capital when completing underwriting transactions it is usually cash invested in risk-free securities to hedge their risk. 4. Describe the role and importance of credit rating agencies in the Freeport-McMoRan transaction. Which group within an investment bank has the primary responsibility to work with companies regarding rating agency considerations? The credit rating agencies were important because they were needed to secure the highest possible ratings on the upcoming bond offerings. This determines how much a bank can borrow and at what cost. The debt capital markets group works with the credit rating agencies. 5. Describe the role of equity research at JPMorgan in the transaction. How has the role of equity research changed since 2003? Equity research groups provide investment ideas to the institutional salespeople who take these ideas to portfolio managers. Equity research analyst provided the institutional sales force an overview of the equity and convertible offerings. Then, a presentation was done by the FCX’s sales team to explain the acquisition of Phelps Dodge and gave information to convince employees of the acquisition. The role of equity research has changed since 2003  because now analysts are able to give investment opinions. 6. Who are the clients of the institutional sales team at JPMorgan? What is meant by a â€Å"limit order,† and what is its impact on the sales function? Describe the role of an Equity Capital Markets Syndicate group. The clients of the institutional sales team are portfolio managers of large assets. A limit order is the highest price in whi ch is willing to pay for stock in the primary stock market. Its impact on the sales function is that firms have to set a good limit order so that the price of the newly issued stock is neither too high nor too low. The role of an equity capital markets syndicate group is to track investor’s worries and concerns and their feedback about the transaction. This group helps the firm properly price stock and convertibles to better keep investors happy. 7. Assume the following fees were paid: M&A fee of 0.5 percent of the transaction value; debt fees of 0.75 percent on all debt and loan financing; equity fees of 3 percent on all equity and convertible financing. Calculate the estimated total fees for both JPMorgan and Merrill Lynch. Indicate whether you think these fees were justified and support your views. These fees represent paying for risk and also for commissions. These fees are justified because of the long process of acquiring another business and what goes into this process to make sure that it is done without error. A lot of equity research is done prior to the investment and credit rating companies need to be paid too. These fees are valid because it took so many groups within JPMorgan, Merrill Lynch, and FCX to make an informed decision to acquire Phelps Dodge. This totals 4.25% in fees for both JPMorgan and Merrill Lynch.

French Conjunction Tant Que Doesnt Need Subjunctive

French Conjunction Tant Que Doesnt Need Subjunctive Tant que is a conjunctive phrase (locution conjonctive) that, unlike many other conjunctive phrases, does not need the subjunctive. It means as / so much as or as long as / while / since, depending on the context. Tant que is a phrase that communicates certainty and intensifies quantity, frequency, degree and the like. Thus, there is really no reason for the subjective subjunctive. Tant que tu es ici, tu peux maider. As long as / Since youre here, you can help me.Jai tant lu que jai mal aux yeux. I read so much that my eyes hurt.Il a tant manger, quil est malade. He ate so much that hes sick.Tant que tu es la, cherche mes lunettes. As long as / since youre here, look for my glasses.Tu peux rester tant que tu veux. You can stay as long as you want. Tant Que vs. Autant Que Do not confuse tant que  with autant que,  another conjunctive phrase that seems similar but is really more about equalizing and comparisons. It, too, is an adaptable and widely used phrase in French that has a number of possible meanings in English: as far as, as / so much as or as long as / while. So while tant que is about intensity, autant que is about balance. Autant que communicates conjecture and doubt, so the verb following it should be in the subjunctive, indicated in bold below: Autant que je me souvienne... As far as I remember...Autant que je vous le dise tout de suite. I may as well tell you right now. Other French Conjunctive Phrases A conjunctive phrase is a group of two or more words that function as a conjunction that links clauses. French conjunctive phrases end in que, and many, but not all, are subordinating conjunctions, rather than coordinating conjunctions, that require a subjunctive verb. One asterisk below indicates those that take the subjunctive. condition que*  Ã‚  provided thatafin que*  Ã‚  so thatainsi que  Ã‚  just as, so asalors que  Ã‚  while, whereasautant que* as far as / as much as / while mesure que  Ã‚  as (progressively) moins que**  Ã‚  unlessaprà ¨s que  Ã‚  after, when supposer que*  Ã‚  assuming thatau cas oà ¹Ã‚  Ã‚  in caseaussità ´t que  Ã‚  as soon asavant que**  Ã‚  beforebien que*  Ã‚  althoughdans lhypothà ¨se oà ¹Ã‚  Ã‚  in the event thatde crainte que**  Ã‚  for fear thatde faà §on que*  Ã‚  in such a way thatde manià ¨re que*  Ã‚  so thatde mà ªme que  Ã‚  just asde peur que**  for fear thatdepuis que  Ã‚  sincede sorte que*  Ã‚  so that, in such a way thatdà ¨s que  Ã‚  as soon asen admettant que*  Ã‚  assuming thaten attendant que*  Ã‚  while, untilencore que*  Ã‚  even thoughjusqu ce que*  Ã‚  untilparce que  Ã‚  becausependant que  Ã‚  whilepour que*  Ã‚  so thatpourvu que*  Ã‚  provided thatquand bien mà ªme  Ã‚  even though/ifquoi que*  Ã‚  whatever, no matter whatsans que**  Ã‚  withoutsità ´t que  Ã‚  as soon assupposà © que*  Ã‚  supposingtandis que  Ã‚  while, whereastant que  Ã‚  Ã‚  as long asvu que  Ã‚  seeing as/that *These conjunctions must be followed by the  subjunctive.**These conjunctions require the  subjunctive  as well as the  ne explà ©tif, a more formal negation that uses ne without pas. Additional Resources Tant Que vs. Autant QueFrench ConjunctionsThe SubjunctivatorQuiz: Subjunctive or indicative?