How a Christian may follow the call to discipleship through daily life and work Essay Example

How a Christian may follow the call to discipleship through daily life and work Essay Example How a Christian may follow the call to discipleship through daily life and work Essay How a Christian may follow the call to discipleship through daily life and work Essay Essay Topic: Bishop the Fish The English word vocation comes from the Latin word vocare meaning to call. Every Christian has a calling or vocation from God to be good, to serve Him and to serve others. The term disciple is also applied to every one who calls them selves a Christian.What am I going to do with my life? or What is God calling me to do with my life? We tend to think of the vocation in terms of religious life or priesthood when asking a general question about doing something. Being a Christian is to be a disciple of Jesus and every one of us has our own vocation from God. Christians are called by God to use their wisdom to help Him and to help others as a part of Gods family. The calling of people to a life of holiness, to be servants and witnesses of the Gospel is called a common vocation.As he was walking by the Lake of Galilee he saw two brothers, Simon, who was called Peter, and his brother Andrew; they were making a cast into the lake with their net, for they were fishermen. And he said to them, Come after me and I will make you fisher of people. And at once they left their nets and followed him.(Matthew 4:18-20)Going on from there, he saw two other brothers, James son of Zebedee and his brother John. They were in a boat with their father Zebedee, preparing their nets. Jesus called them, and immediately they left the boat and their father and followed him.(Matthew 4:21-22)As Jesus walked beside the Sea at Galilee, he saw Simon and his brother Andrew casting a net into the lake, for they were fishermen. Come, follow me, Jesus said, and I will make you fishers of men. At once they left their nets and followed him. When he had gone a little farther, he saw James son of Zebedee and his brother John in a boat, preparing their nets. Without delay he called them, and they left their father Zebedee in the boat with the hired men and followed him.(Mark 1:16-20)One day as Jesus was standing by the Lake of Gennesaret, with the people crowding round him and listening to the word of G od, he saw at the waters edge two boats, left there by the fishermen, who were washing their nets. He got into one of the boats, the one belonging to Simon, and asked him to put out a little from shore. Then he sat down and taught the people from the boat.When he had finished speaking, he said to Simon, Put out into deep water, and let down the nets for a catch.Simon answered, Master, weve worked hard all night and havent caught anything. But because you say so, I will let down the nets.When they had done so, they caught such a large number of fish that their nets such a large number of fish that their nets began to break. So they signalled to their partners in the other boat to come and help them, and they came and filled both boats so full that they began to sink.When Simon Peter saw this, he fell at Jesus knees and said, Go away from me Lord; I am a sinful man! For he and all his companions were astonished at the catch of fish they had taken, and so were James and John, the sons of Zebedee, Simons partners.Then Jesus said to Simon, Dont be afraid; from now on you will catch men. So they pulled their boats up on the shore, left everything and followed him.(Luke 5:1-11)As Jesus went on from there, he saw a man named Matthew sitting at the tax collectors booth. Follow me, he told him, and Matthew got up and followed him.(Matthew 9:9)Anyone could be a disciple of Jesus, as we can all see that Jesus has picked his disciple living in a normal life. These four fishermen were like peasants, they were uneducated, and knew nothing about philosophy or religion but still Jesus chose them. He didnt pick a person with a name or rank in a public, a surgeon would be valued by God as much as a bus driver would, although their salaries are extensively different. A mother thats working for a part time job in Tesco to save up some money and also that she could afford to look after her children better. If this is a job a person can only do with their full potential then this is the right vocation for them.Arch Bishops, nuns, monks, priest or prime ministers are not the only ones have a vocation from the Almighty God. The message for us today is that ordinary people like us should act immediately and help Jesus to catch people when we hear it. A person who wants to be a disciple should commit and prepare them selves to God and his commandments first. They must fulfil their duties to protect God and the gospel. A nun, monk, priest, and the other parts of the religious orders turn their backs on their personal wishes and their other beliefs, to serve the people like them and specially our Almighty God. They are not considering what they will receive during their life on Earth, but they will be judged at the end of their time and as a reward they can go to eternal life in heaven.Laity, religious orders and holy orders are the three different kind of vocation. Laity are people who are not called to live in a specific state of life, this could be an everyday jo b such as an architect, manager, nurse, bus driver, doctor, seller, etc. Religious orders include nuns, monks and brothers, these people dedicate their lives to fulfilling their vocation as one of Gods brothers and sisters. Holy orders are the people like the priests, nuns, monks and brothers that dedicate their life by following God, but they would serve people, in masses and others.The followers of Jesus learned from his words and actions, which mean they put their faith into action, by spreading the word of God and serving others. Being a nurse or a doctor in England would be highly paid, but because of our vocation sometimes other doctors or nurses are assigned to another country, which is less salary. Sometimes we tend to give up a comfortable life, which one of them is our social life. Some of us sacrifice our free time to run a small business that will help other people, or run an extra-curricular activity to teach children, students, or adults. The first disciples of God wou ld sacrifice their own lives just to protect and to keep the name of Jesus Christ. They also obeyed the order of Jesus, they preach and teach other people what God taught them.People like Mother Theresa, Martin Luther King, Mahatma Ghandi and Oscar Romero are the people whose vocation to change injustice leads to their death. Mother Theresa and Martin Luther King made very large sacrifices to become apostles of God, Martin Luther King gave his life in an attempt to stop racism and Mother Theresa left her family and way of living to help those in need in India. They both showed that it is possible to be a disciple of Jesus if you have the will of power and strength. Oscar Romero was a Roman Catholic priest from South America and he was shot while celebrating a mass. He was very much an important figure in El Salvador and he felt that he had to speak out after his friend had been shot by a military firing squad. He inspired many people with his speeches and gave the people some hope.T here are still some organisations, which carry the mission of the twelve disciples in a modern way.The parable of the Sheep and GoatsWhen the Son of Man comes in his glory, and all the angels with him, he will sit on hit throne in heavenly glory. All the nations will be gathered before him, and he will be gathered before him, and he will separate the people one from another as a shepherd separate the sheep from the goats. He will put the sheep on his right and the goats in his left.Then the King will say to those on his right, Come, you who are blessed by my Father; take your inheritance, the kingdom prepared for you since the creation of the world. For I was hungry and you gave me something to eat, I was thirsty and you gave me something to drink, I was a stranger and you invited me, I was sick and you looked after me, I was in prison and you came to visit me.'Then the righteous will answer him, Lord when did we see you hungry and feed you, or thirsty and give you something to drin k? When did we see you a stranger and invite you in, or needing clothes and clothe you? When did we see you sick or in prison and go to visit you?'The King will reply, I tell you the truth, whatever you did for one of the least of these brothers of mine, you did for me.'Then he will say to those on his left, Depart from me, you who are cursed, into the eternal fire prepared for the devil and his angels. For I was hungry and you gave me nothing to drink, I was a stranger and you did not invite me in, I needed clothes and you did not clothe me, I was sick and in prison and you did not look after me.'They also will answer, Lord, when did we see you hungry or thirsty or a stranger or needing clothes or sick or in prison, and did not help you?'He will reply, I tell you the truth, whatever you did not do for one of the least of these, you did not do for me.Then they will go away to eternal punishment, but the righteous to eternal life.(Matthew 25:31-46)Cafod and Christian Aid prioritise t o help the needy.One of the most important teachings of Christ is the passage of the Cost of DiscipleshipThen he called the crowd to him along with his disciples and said: If anyone would come after me, he must deny himself and take up his cross and follow me. For whoever wants to save his life will lose it, but whoever loses his life for me and for the gospel will save it.(Mark 8:34-35)The specifically Christian vocation meets that fundamental human vocation with resounding affirmation. For we are baptised into Christ Jesus (Romans 6:3). That challenging invitation Follow me! is not an appeal to heroic or the wilful. It is rather a call to awaken to the new reality, discover in the depths of your being that you are in Christ. Your spirit and Holy Spirit bear a united witness that you are a child of God (cf Romans 8:16).

The Best Career Advice from Richard Branson

The Best Career Advice from Richard Branson Ever wonder how Richard Branson founded Virgin at the age of 20 and went on to own an unheard of eight different billion-dollar companies- all without a business degree? Well, now you can find out. Here are 10 of Branson’s best suggestions for how to achieve success, starting with his number one suggestion for 2017.1. Always write things down.What good are good ideas when you don’t remember them after you’ve had them? Don’t forget your best ideas. Keep a notebook handy and write every single one of them down! To-do lists also fall under this advice. Don’t let anything important (or potentially important) fall through the cracks.2. Love what you do.If you don’t love it, you probably should find a way not to do it. Building a business takes every ounce of everything you’ve got. Don’t waste all that energy on something that isn’t enjoyable to you even a little.3. Make a splash.You need to be seen out there in your industry a nd in the world. You have to go out and sell yourself, appear in print, travel, and otherwise be visible. Meet as many people as you can and loop them all into your massive network.4.  Brand yourself with care.When choosing your brand and name, make sure that name represents everything you want your brand to say. Pick a name that matches how you want the world to see your product. It’s worth the extra time and effort brainstorming.5. Understand that risk is necessary.Every business requires taking risks. Take smart ones, rather than trying to avoid any risks at all. Playing it safe won’t get you far.6. Don’t forget the second impression.We all know how important the first impression can be. But the second shouldn’t be forgotten. Once you bring in a customer, make sure their second impression is so good that you hang onto them for life.7. Perfection is a mirage.Nothing and no one is ever 100% perfect. There is always room for improvement. Embrace this an d use it to push yourself ever further.8. Go where no one else has gone.Venture into uncharted territory. Figure out what hasn’t been done or thought of yet, and do that thing. Find the hole in the market and fill it. Spark new ideas and innovation and stay on the cutting edge.9. Start using â€Å"we.†You want all employees to be using the word â€Å"we† to describe their company and their relationship to their work. An absence of this is a sign that management and those down the chain of command aren’t communicating, and aren’t on the same page.10. Know that everyone isn’t a born leader.Managers and leaders bring the best out in people, and communicate extremely effectively. Not everyone does this well. If you found a company but don’t find yourself suitable for management, appoint people to manage- it’s okay!

How the Olympics Influenced History Research Paper

How the Olympics Influenced History - Research Paper Example This paper is critical analysis of the 1936 Olympics in Berlin, with special focus on the historical significance of that particular global event. Historians refer the 1936 Olympic Games in various terms, including â€Å"Hitler Olympics† and â€Å"propaganda Olympics†. Some of the factors that made the event remarkable include the features and facilities installed in the venues, use of modern telecommunication technology and the propaganda propagated by the Nazi government in addition to exemplar performance by the participating athletes. By the time Berlin City was granted the right to host Olympic Games, Germany was under the leadership of Weimer, but in 1933, Adolf Hitler took over the government heralding one of the most momentous and eventful eras in history. The coming to power of Adolf Hitler transformed the growing and delicate democracy into an absolute dictatorial country, under one party rule, the National Socialist German Workers Party popularly referred as Nazi (Rippon, 78-85) Hitler’s ascendancy to power in 1933 elicited widespread concern in the world, throwing the 1936 Olympic Games in jeopardy. United States and several European democracies questioned the morality of supporting and sponsoring Olympic Games under Hitler’s oppressive regime. ... In order to make Aryans the dominant race in Germany, Hitler passed laws that authorized doctors to conduct sterilization by force on colored people, psychiatric patients and people with physical disabilities (Kass, 225). The Jews in German experienced the most severe crackdown characterized by physical assaults, economic boycotts on their interests, and forced expulsion from government jobs and other professions. In addition, they were excluded from social places such as recreation amenities. Moreover, Jews were prohibited from engaging in intermarriages with the Aryan race (Kass, 226). According to Rippon (152), Nazi leadership used the Olympic Games to promote the superiority of the Aryan race. German citizens that were not of Aryan ancestry were excluded from the German team, and sports facilities. In addition, they were condemned to poorly equipped facilities that severely limited their abilities to compete in the 1936 Olympic Games (Rippon, 163). The reports on persecution of J ewish athletes in Germany in 1933 reached organizers of the Olympic Games, which responded by the sending observers in the country to asses the situation. Young (144) notes that the American Olympic committee strongly condemned the unfolding events in Germany, by asserting that the basis of Olympic Games revitalization would be severely undermined by the limiting participation of athletes on grounds of race, creed or race. Several member nations in the Olympic committee considered Germany to be denied the right to host the games. In view of the growing concern from global leaders, the German government embarked on a well orchestrated propaganda aimed at impressing the world on its

Health Law and Regulations Essay Example | Topics and Well Written Essays - 1500 words

Health Law and Regulations - Essay Example In general, these policies aim at observing quality, enabling access, controlling competition and costs and improve the healthcare industry. Regulations of healthcare physicians and practitioners Healthcare physicians go down in history as the entities in health care that first began experiencing regulations. The first form of regulation is licensing that under America’s federalism is an assignment to the states. No healthcare professional can practice in the United States without having a license. For one to acquire a license they must be graduates from accredited medical schools and in addition, the state administers an examination to gauge the capability of the aspiring practitioner. The most stringent of these regulations lie in the American Medical Association that requires the professional to complete four years in medical training, an extra year in basic sciences training and a final year in medical internship. In addition to licensing and qualification, these practitio ners should not discriminate against anyone based on religion, origin, or color and the regulating bodies have the power to discipline or suspended violators of these laws and regulations (Field, 2007). ... in order to acquire accreditation if they qualify, with the oversight manned by the Joint Commission on Accreditation of Healthcare Organizations (Field, 2007). Regulations of health care finances Today, state or federal governments cater for the insurance demands of half of the total insured American population amongst them the aged, disabled and civil servants. The rest remains under the covers of private insurance, health financiers experiencing extreme regulation. The regulating body incorporate private insurers into government mandates, and in addition regulate coverage terms, prices, and the rates they offer. In some instances, the governments give grants to private NGO’s that depict ability to provide financial services in creditable manners. In all the states, the government runs its own healthcare organizations that offer services to enable patients, and every staff in these hospitals must be from that very state (Field, 2007). Regulations of pharmaceutical acts The f ederal agency, the Food and Drug Administration, implement regulations on drugs, food, and cosmetics to prevent against recurrence of the 1938 poisoning that claimed 100 children’s lives and the 1962 drug tragedy that resulted in women giving birth to babies with deformities. Regulation ensures that unsafe or products not approved by the FDA do not get to the consumers and in the case of law, the bodies oversee to it that victims of pharmaceutical blunders get recourse from the courts and the liable manufacturers compensates them. For instance, it is a requirement to have all drugs labeled as per their uses and prescription (Field, 2007). Medical liabilities A liability system ensures all medical entities are answerable for harmful consequences on patients that result of ignorance,

National Bank Essay Example for Free

National Bank Essay A research program is very important essential for acquiring experience through learning and spreading the scope of Knowledge. I have done my research program in National Bank Limited, Foreign Exchange Branch. This research report is aimed at providing a comprehensive picture to the areas of Foreign Exchange operation of National Bank Limited. The report has been divided into twelve parts. These are- Introduction, Brief History of Banking Sector of Bangladesh, Corporate review of NBL, Foreign Exchange, Documents Used in Foreign Exchange Business, Letter of Credit (L/C), Import, Export, Foreign Remittance, Findings and Analysis, References. National Bank Limited is one of the largest commercial Bank of Bangladesh. The main objective of the Bank is to provide all of banking services at the doorsteps of the people. The Bank also participates in various social and development programs and takes part in implementation of various policies and promises made by the Government. National Bank Limited plays a pioneering role in handling foreign trade and foreign exchange transactions. With wide network of branches at home and a large number of correspondent banks worldwide, it is handling the largest volume of export-import business including homebound remittances. For this reason, Foreign Exchange of the Bank is very much essential. But now a day’s banking sector of Bangladesh is suffering the disease of default culture which is the consequence or result of bad performance of most banks. There are three types of modes of foreign exchange market, which are- Export Financing, Import Financing and Foreign Remittance. Foreign Exchange Branch does these foreign exchange activities vastly. In this report, I mention the overall operating procedure of foreign exchange transaction of National Bank Limited. I also mention the findings of my report and describe the recommendation to overcome the limitation. I have taken all the reasonable care to ensure the accuracy and quality to make the report standard. And I believe that it has included all the necessary information to be relevant. INTRODUCTIOIN ORIGIN OF THE REPORT As a mandatory part the BBA Program, all the students of the faculty of  Business Studies, Premier University, Chittagong have to undergo a three month long research program with an objective of gaining practical knowledge about current business world. After this research program each and every students have to submit a research report mentioning their activities during the research program. I’ve started my research at the National Bank Limited, Foreign Exchange Branch. At the end of the research program I am submitting my research report focusing on the contribution of Foreign Exchange operation to the overall performance of bank especially on profitability perspective under the supervision of Tasnim Uddin Chowdhury, Lecturer, Department of Finance, in Premier University, Chittagong. OBJECTIVES OF THE STUDY The general objective of the study is to gather practical knowledge regarding banking system and operation. The research gives us a chance to relate the four year long theoretical learning of BBA Program with the reserch experience. This consists the following: To get an overall idea about the Foreign exchange Business of National Bank Limited. To apply theoretical knowledge in the practical field. To describe the organizational structure, management, background, functions and objectives of the bank and its contribution to the national economy. To achieve overall understanding of National Bank Limited. To analyze the financing systems of the bank to find out any contributing field. To examine the profitability and productivity of the bank. To acquire knowledge about the everyday banking operation of National Bank Limited. To evaluate the effect of world recession on foreign exchange income of NBL, Foreign Exchange Branch. To understand the real management situation and try to recommend for improving existing problems. SCOPE OF THE STUDY This study provides those scopes of knowing are the following: History and performance of National Bank Limited. Terms used in foreign exchange operations Foreign exchange operations of National Bank Limited Literature review. Total concept of Foreign Exchange Operation. METHODOLOGY OF THE STUDY The report is prepared on the basic of foreign Exchange of National Bank Limited. To conduct the overall study, at first I explored the sources of Primary and Secondary information and data. Different files of the department and statement prepared by FED helped me to prepare this report. To present numerical data, I used the Annual Report of 2008 and monthly statement of January to October 2009 of National Bank Limited, Foreign Exchange Branch. For preparing this report I have used some graphical representation to find out different types of analytical and interpretation. SOURCES OF DATA As mentioned earlier, mainly primary and secondary data has been used. Sometimes the customers gave some important information regarding the services of the Bank: PRIMARY DATA Official records of National Bank Limited (NBL).. Expert opinion. SECONDARY DATA Monthly Statement of NBL. Annual Report of NBL. Official Files. Selected books. Other manual information. Websites. Various publications on the Bangladesh Bank. Newspaper reports in this concern. DATA ANALYSIS AND INTERPRETATION Both quantitative and qualitative analysis will be performed on the findings. The quantitative analysis will be done on the trend of export- import, growth pattern of export-import, pre and post facilities provided for easing the export-import operations. Qualitative analyses will be based on the macroeconomic variables and foreign exchange policy provided by Bangladesh bank, the central bank of Bangladesh. Different statistical tools will be used for the analysis of the findings. LIMITATIONS OF THE STUDY To provide current information and to make the report read-worthy, support from various sources is essential. In spite of having my wholehearted effort, I could not collect some information required at the time of the study. So this study is not free from the following limitation: Due to unavailability of latest annual report (Annual report 2009), I have to prepare the report on the basis of annual report 2008. As a result, analysis, presentation of data may not show the existing position/present condition of National Bank Limited. For the whole research I had only 90 days, out of which I get 61 days because of late commencement of research program, which were totally insufficient. So I faced time shortage extremely. Lack of previous experience to prepare this type of report and it is totally new to me as an intern. Foreign exchange division follows Uniform Customs and Practice for Documentary Credits (UCPDC), but within this short period, I was totally stunned to understand. Learning all the banking functions within just two months was really difficult. Sometimes the officers of National Bank Limited were very busy. For this reason the personal did not co-operate me. National Bank Limited did not give me any kind of monetary support for this research program Most of the working days in NBL, I have to work in cash department to help in IPO subscription collection, so I get limited time work in other departments to have practical knowledge Another limitation of  this report is Bank’s policy of not disclosing some data and information for obvious reason, which could be very much helpful. BRIEF HITORY OF BANKING SECTOR OF BD EVOLUTION OF THE WORD ‘BANK’ The word bank originated from Italian word â€Å"Banca†. Banca means long tool. In ancient time Italian Jews merchant used to do business of lending money by sitting on the tools. It is assumed that the word â€Å"bank† derived from the word Banca. To meet the expense of war of 1171 one type credit certificate was launched in Italy at an interest rate of 5% it was called as Monte in Italian language and Bank in German language then German language was widely used in Italy. As a result the word Bank gradually changed to the word Banca from which the word Bank originated. THE EMERGENCE OF MODERN BANKING The linguistics and etymologists suggests an interesting story about banking origins. Both the old French word â€Å"Banque† and the Italian word Banca were used centuries ago to mean a bench or moneychangers table. This describes quite well what historians have observed concerning the first bankers, who lived more than 2000 years ago. They were money changers, situated usually at table or in a small shop in the commercial district, aiding travelers who came to town by exchanging foreign coins for local money or discounting commercial notes for a fee in order to supply merchants with working capital. The first bankers probably used their own capital to fund their activities, but it was not long before the idea of attracting deposit and securing temporary loans from wealthy customers became a source of bank funding. Loans were then made to merchant’s shippers and landowners at rates of interests low as 6 percent per annum to as high as 48 percent a month for the riskiest ventures. Most of the early bank was Greek in origin. The banking industry gradually spread outward from the classical civilizations of Greece and Rome into northern and western Europe. The early bank in Europe was places for safe keeping of valuable items (such as gold and  silver bullion) as people came to fear loss of their asset due to war, theft, or expropriation by government. When colonies were established in North and South America, old world banking practice were transferred . DEVELOPMENT OF BANKING IN BANGLADESH Since early British rule, the history of banking in Bangladesh territory shows that the traditional trade-networks developed before the banks invaded rural areas. And the banking services have slowly flourished in Bangladesh territory. Even today, in many places, moneylenders provide credit services. Small shopkeepers and businessman use informal credit at high interest rate. Traditional mahjong’s money lending business gradually declined due to expansion of bank and the micro credit programs of NGOs, cooperative banks and government agencies. PUBLIC SECTOR BANKS During the liberation war in 1971, the economic, political, and social system including the banking system was severally damaged. At that time, all big and medium financial institutions except two small banks had their head office in the West Pakistan. The non-beagle owners and managers of the financial establishments that operated in East Pakistan had abandoned them. After independence in 1971, the new government had to take over management and ownership of all such institutions. The banks Nationalization Order 1972 was issued to nationalize banks and financial institutions (except those incorporated abroad) in order to control chaos in the field of ownership, party bureaucracy, the intelligentsia, and pressure group. By several orders the government of Peoples Republic of Bangladesh created- Six nationalized commercial banks (NCBs): 1. Sonali Bank 2. Agrani Bank 3. Janata Bank 4. Rupali Bank 5. Pubali Bank 6. Uttra Bank One industrial bank (BSB) One agricultural bank (BKB) One industrial development financial institution (BSRS) The bank and financial institutions which originated during the Pakistan period and were merged, and renamed and functioning after independence of Bangladesh. In the year 1983, the government allowed private sector to participate in the banking business. The Publi Bank and the Uttara Bank were denationalized in 1985, due to non profitability. This action reduced the number of NCBs to four. Such restructuring of public sector banks was in order to play their role in industry, agriculture, export, self –employment etc. PRIVATE COMMERCIAL BANKS Taking advantage of the liberalization policy of the government regarding participation of private sector in the banking business, a number of private banks were established in –and –after 1983. With the emergence of private banks in Bangladesh, a competitive situation in the sector has been created. Now there are 48 commercial banks in Bangladesh which are enlisted with Bangladesh Bank, among them four (4) are NCBs, five (5) are specialized banks, twenty nine (29) are private commercial banks and ten (10) are foreign commercial banks. The emergence of private banks has added a new dimension to the banking system in Bangladesh. The private commercial banks show a steady growth in terms of number of branches, deposit and advances. CORPORATE REVIEW OF NATIONAL BANK History of National Bank Limited National Bank Limited has its prosperous past, glorious present, prospective future and under processing projects and activities. Established as the first private sector Bank fully owned by Bangladeshi entrepreneurs, NBL has been flourishing as the largest private sector bank with the passage of time after facing many stress and strain. The member of the board of directors is creative businessman and international economist. For rendering all modern  services, NBL, as a financial institution automated all it’s branches with computer network in accordance with the competitive commercial demand of time. Moreover, considering it’s forth- coming future the infrastructure of the Bank has been much more to NBL. Keeping the target in mind NBL has taken preparation branches by the wear 2000-2001. The emergence of National Bank Limited in the private sector is an important event in the banking area of Bangladesh. When the national was in the grip of severe recession, Govt. too k the farsighted decision to allow in the private sector to revive the economy of the country. Several dynamic entrepreneurs came forward for establishing a bank with a motto to revitalize the economy of the country. National Bank Limited was born as the first hundred percent Bangladesh owned Bank in the private sector. From the very inception it is the firm determination of National Bank Limited to play a vital role in the national economy. We are determined to bring back the long forgotten taste of banking services and flavors. We want to serve each one promptly and with a sense of dedication and dignity. The President of the People’s Republic of Bangladesh Justice Ahsanuddin Chowdhury inaugurated the bank formally on March 28, 1983 but the first branch at 48, Dilkusha Commercial Area, Dhaka started functioning on March 23, 1983. The 2nd Branch was opened on 11th May 1983 at Khatungonj, Chittagong. Today we have total 103 Branches all over Bangladesh. A representative office was established in Yangon, Myanmar in October, 1996 by our bank and obtained permission from t he government of Bangladesh to handle border trade with Myanmar .opportunities is being explored for further business avenues there. Now NBL is on line to establish trade and communication with the prime international banking companies of the world. As a result NBL will be able to build a strong root in international banking horizon .Bank has been drawing arrangement with well conversant money transfer service agency â€Å"Western union†. It has full time arrangement for speedy transfer of money all over the world. Banking is not only a profit – oriented commercial institution but it has a public bas and social commitment admitting this true NBL is going on with its diversified banking activities NBL introduced monthly Savings Scheme, special Deposit Scheme, and Consumers. Credit Scheme and savings Insurance scheme etc. To combine the people of lower and middle income group. A team of highly qualified and experiment professional headed by the managing Director of the  bank who has vast banking experience operates bank and at the top three is an efficient Board of Directors for making policies. Vision of National Bank Limited Establishing as a top grade efficient bank through best application of modern information technology and business activities, offering high standard client services and Proper coordination of foreign trade business in the core of their vision. Mission of national bank Limited With a view to achieving commercial objective of the bank, their sincere and all out efforts stay put unabated. Respected client and shareholders are attracted to us for our transparency, accountability, social communities, and high quality of clientele services. Objective of national Bank Limited Bring modern banking facilities to the doorsteps of general public through diversification of services, thereby arousing saving propensity among the people. Foreign a cordial, deep rooted and farm banker customer relationship by dispensing prompt and improved clientele services. Taking part in the development of the national economy through productive development of the banks resources as well as patronizing different social activities. Connecting clients to modern banking practices by the best application of improved information technology, so that they get encouraged to continue and feel proud of banking with NBL. Responding to the need of the time by participating in the syndicated large loan financing with like-minded banks of the country, thereby expanding the area of investment Elevating the image of the bank at home and abroad by sustained expansion of its activities. Strategies of National Bank Limited To manage and operate the bank in the most efficient manner to enhance financial performance and to control cost of fund. To strive for customer satisfaction through quality control and delivery of timely services. To identify customer credit and other banking needs and monitor their perception towards our performance in meeting those and update requirement. To review and update policies procedures and practices to enhance the ability to extend better services to customer. To train and develop all employs and provide them adequate resources so that customer needs can responsibility addressed. To promote organizational effectiveness by openly communicating company plans, policies, practices and procedures to all employers in a timely fashion To cultivate a working environment that fosters positive motivation for improved performance To diversify portfolio both in the retail and whole sale market. To increase direct contact with customer in order o cultivate a closer relationship Busin ess Goal To patronize, sponsor and encouraged games and sports, entertainment and other socio-economic activities alongside providing the best services to the client. The Future thrust Full duplex on-line Banking Introducing more innovative products and services Opening new branches Expansion of business network at home and abroad SMS Banking Introduction of new liability / Asset products Corporate Culture Employees of NBL share certain common values, which helps to create a NBL culture. The client comes first Search for professional excellence Openness to new ideas new methods to encourage creativity Quick decision making Flexibility and prompt response A sense of professional ethics Growth and Development of NBL The NBL carries out all traditional functions, which a commercial bank performs such as mobilization of the deposit, investment of funds, financing export and import business, trade and commerce and industry. The banking sector in the country faced different problems thought the year. Even through the board and management never stopped its effort to maximize wealth, which is reflected by 143.97percent profit growth in 2007, highest ever in the last 15 years. The bank earned the 676.45 core revenue in 2007 as interest, income from investment and commission exchange earning, which who Tk. 530:69 corer in the provision year. As a result the total operating profit rode to Tk. 221.51 corer in 2007 from Tk.114.68 corer in the previous year. Branches of NBL NBL, which was started at Dilkusha Branch on March 23rd, 1983, was the first major commercial Bank. In Bangladesh operating throughout the country as well as the age of the bank is only 25 years .During this period it has established total 112 branches over the country and made smooth network inside the country as well as thought the world. The number of branches as well as territory wise is mentioned in the table.

Moses as an Inspiational Figure Essay -- essays research papers

I think Moses was a very inspirational character and in this essay I am going to talk a bit on the message of Moses and why by the world's major religions he is seen as an inspirational figure and one of the best leaders and prophets. He was born in Egypt to a Jewish mother, Yochevet. When Moses was born the Hebrew?s were slaves in Egypt. Pharaoh was afraid of them because he thought they might take over his country. He ordered that all Hebrew baby boys be killed at birth so that they would not grow up and fight against him. To save Moses his mother made a plan. She hid him in a basket by the side of the River Nile. Moses' sister Miriam watched over him until Pharaoh's daughter came to the river to wash. She found Moses in his basket. Miriam told her she knew a woman who could be a nurse for the baby. It was his mother. Pharaoh's daughter took him back to live with her as though he were her son. Moses grew up as an Egyptian prince, but he never forgot he was a Hebrew. One day Moses lost his temper and killed an Egyptian who had beaten a Hebrew slave to death. This proves he...

HBS Marriott Case

Marriott Corporation has three divisions – lodging, contract services and restaurants – with dissimilar operations. The company uses three separate hurdle rates for the three divisions to value the proposed projects. It is believed that this strategy is more appropriate that using a single firm-wide discount rate because the operations of the three divisions differ drastically. However, the company has to ensure that the company uses an appropriate discount rate for each division. Therefore, we calculate the appropriate cost of capital for Marriott as well as for each of the three divisions. A detailed analysis is presented about the appropriate calculation inputs for each of the three divisions and various assumptions, made while performing the calculations, are justified. 1) Are the four components of Marriott's financial strategy consistent with its growth objective? The first component of the strategy is to manage rather than own the hotel properties. This objective mitigates the investment needed to launch new hotels, as the general partner is not required to make significant investments. Although it may be argued that such a strategy could decrease the profit margins, the growth prospects are certainly easily achievable because of less limitation on the resources required. The second objective is an important characteristic of modern corporate finance. It believed that focusing on maximizing shareholder value should be the underlying aim of every corporation, leading to stable growth and healthy profits. With regard to the third objective, Miller and Modigliani claimed that the use of debt, in the presence of corporate taxes, could increase the value of a company through the value added by debt tax shield. In modern finance, it is commonly believed that debt can increase the value of a corporation. However, a company should be careful about high debt levels because of the distress costs associated with high debt. As stated by Marriott, a corporation should aim to optimize its debt at the most beneficial level. The repurchase of undervalued shares might not always be consistent with the growth objective. The repurchase program could make sense if the shares are believed to be highly undervalued and the company does not have more attractive investment opportunities to utilize its cash. However, the strategy could also hinder growth if the company is foregoing highly profitable investment opportunities in order to take advantage of slight under pricing in its shares. 2) How does Marriott use its estimate of its cost of capital? Does this make sense? Marriot evaluates its investment opportunities using the discounted cash flow approach, which requires an estimate of the cost of capital. Technically, the cost of capital for each investment should be commensurate with the amount of risk inherent within the investment. Thereby, if a company has ten different prospective investments, it could have ten different cost of capital estimates for the investments. However, it is impractical for companies to estimate a separate cost of capital for each investment opportunity. Usually, a company operates in a uniform line of business and has investment opportunities with similar risks. Therefore, it is normal for companies to use a single firm-wide cost of capital. However, companies with multiple divisions often use separate cost of capitals for the divisions because each division has separate operations and risks. Marriott Corporation has three separate divisions and employs three separate hurdle rates – one for each division. This treatment is consistent with theory as long as the hurdle rates adequately compensates for the risk inherent in each division’s investment and risk does not vary significantly across investments within a division. ) What is the weighted average cost of capital for Marriott Corporation as a whole? What risk-free rate and risk premium do you use to calculate the cost of equity? How do you measure Marriott's cost of debt? There is no agreed-upon measure of riskfree rate that investors could use. In fact, the available riskfree interest rate could be argued to change with changes in business cycles and economic policies. In t he US, the rate offered by US Treasury securities is often deemed riskfree because of the negligible default risk. However, there is a disagreement regarding the maturity of the treasury security that should be used as a proxy for riskfree rate. Since Marriott is seeking to optimize its debt at a long-term stable level, it is believed that the maturity of the company’s debt will be long. Therefore, the 10-year Treasury bond seems to be an appropriate measure of riskfree rate. The cost of debt is calculated by adding the specified risk premium to the selected riskfree rate. The cost of equity can be calculated using the Capital Asset Pricing Model (CAPM). The market risk premium is an important constituent of the CAPM. The market risk premium estimates the premium for the excess risk taken by market participants. Investors can earn a certain degree of return – the riskfree rate – without taking any risk. Therefore, the riskfree rate should be subtracted from the market return to calculate the market risk premium – the extra return that investors earn by taking risk. We already have an estimate of the riskfree rate that can be used for Marriott. Therefore, the market risk premium can be calculated by estimating the appropriate market return. The proxy for market return is usually a national stock index such as the S&P500 for US companies. In contrast to the Treasury bond market, where the yields provide an estimate of the future returns on the security, there is no consensus estimate on the future expected return on the stock market. Therefore, historical averages of stock returns are typically used to estimate the future expected return on the market. We use biggest available period – 1926 to 1987 – to estimate the average historical market risk premium. The information about riskfree rate and the market risk premium can be combined with equity beta of Marriott (provided in the case study) to calculate to cost of equity of the company. Once we have the respective costs of debt and equity, the weighted average cost of capital (WACC) is simply their average – weighted using the target proportion of debt provided in the case study. The calculations in the attached spreadsheet show that the WACC for Marriott is 10. 39%. 4) What type of investments would you value using Marriott's cost of capital? The cost of capital estimates the riskiness of an average investment within the company. If an investment under consideration by Marriott has more risk than the average investment risk, the cost of capital would understate the risk and overstate the value of investment. On the other hand, if an investment has less risk than the average investment risk, the cost of capital would overstate the risk and understate the value of investment. Therefore, the cost of capital is only appropriate for valuing investments, which closely resemble the typical investments carried out by Marriot Corporation. If an investment has a different amount of risk than the typical investment in Marriott, the company should strive to calculate the cost of capital that is consistent with the investment in question. One way of estimating the appropriate cost of capital would be to look at the comparable companies where that particular investment would be a typical investment. For example, an investment in sports equipment could be evaluated by looking at the cost of capital used by a sports club that uses similar equipment. ) If Marriott used a single hurdle rate for evaluating projects in each of its divisions, what would happen to the company over time? Marriott has three separate divisions with dissimilar operations. The firm-wide cost of capital is probably a weighted average of the three individual costs of capital commensurate with each of the three divisions. While the firm-wide cost of capital might be a good measure of the risk of an average investment undertaken by the company, it is proba bly not a good measure of the investment risk inherent in each division’s average project. If the company continues to use a single discount rate for each of its three divisions, the project cash flows of the division with more than average risk would be overstated, while the project cash flows of division with less than average risk would be understated. Therefore, division with more than average risk would start accepting projects that would have been otherwise rejected if a more appropriate higher discount rate were used. On the other hand, the division with less than average risk would start rejecting projects that would have been accepted if a more appropriate lower discount rate were used. In short, the more risky division would accept negative NPV projects, while the less risky division would reject positive NPV projects. 6) What are the costs of capital for the lodging and restaurant divisions of Marriott? The division wise calculations of the cost of capital are shown in the attached spreadsheet. The weighted average costs of capital for the lodging and restaurant divisions are 9. 76% and 13. 32% respectively. It is important to note that the discount rates differ because certain inputs in the calculations are dissimilar. The most significant differences are in riskfree rates, asset betas, and debt proportions. a) What risk-free rate and market risk premium do you use in calculating the cost of equity capital for each division? How do you choose these numbers? There is no full consensus of which proxy for riskfree rate should be used. Nevertheless, it is generally believed that the maturity of the riskfree rate proxy should match the purpose for which the rate is utilized. It is mentioned that the lodging division has more long-term assets, while assets of restaurant division are short-term in nature. Therefore, one-year riskfree rate has been employed in the restaurant division, whereas a higher ten-year rate has been utilized in the lodging division. On the other hand, the market risk premium for both divisions is the same as the market risk premium previously used for the whole company. Although the asset betas for the divisions have been calculated using the past five years data, it is believed that a larger pool of data should be used to estimate the market risk premium because the recent volatility in the markets might distort results. ) Did you use arithmetic or geometric averages to measure rates of returns? The arithmetic mean adds the annual historical risk premiums and averages the results, while the geometric mean is equal to the compounded annual risk premium. In professional practice, both these methods of calculating average historical risk premiums are regularly employed. However, there is a major statistical difference between the two approaches. Geometric mean is a compounded average of risk premiums and is, therefore, a good predictor of the risk premium over multiple future time-periods. On the other hand, arithmetic mean is the best predictor of risk premium for the forthcoming time-period. In other words, arithmetic mean would be better at predicting the risk premium for the next year, while geometric mean would be superior at predicting the average risk premium over the next few years combined. In this case, we are calculating the risk premium for the purposes of using it in the CAPM model. The CAPM is a single period model, which estimates the cost of equity over a specified time interval. Therefore, the arithmetic mean might be a better method in this context. ) How do you measure the cost of debt for each division? Should the cost of debt differ across divisions? The rationale for using different riskfree rates for the division has already been explained in the preceding section. The case study also provides different levels of risk premiums that should be added to the riskfree rate to calculate the total cost of debt. It could be argued that the company only p ays a single cost of debt, and there is no need to calculate separate cost of debt for each division. However, each division has separate financial leverage, different sales, and a unique ability to cover its debt obligations. Therefore, each division’s debt should also be rated separately for more accurate capital budgeting. d) How do you measure the beta of each division? The betas for the divisions have been calculated using the pure play approach. Under this approach, the equity betas for companies, comparable to each division, are unlevered in accordance with the respective leverage. The resulting asset betas are then averaged to obtain an estimate of the asset beta for each division. Subsequently, the respective asset beta for each division is relevered, using the target debt ratio for the division, to obtain the equity beta. ) What is the cost of capital for Marriott's contract services division? How can you estimate its cost of equity when there are no publicly traded comparables? The beta for contract services division cannot be obtained directly because there are publicly traded comparable companies, which could have been used to employ the pure play approach. However, we do have informati on about the asset beta of the overall company as well as the asset betas for the remaining two divisions. Theoretically, the overall asset beta for Marriott should be a weighted average of the individual asset betas for the three divisions. The weights can be calculated using the information about identifiable assets in each division. Thereby, the only unknown in the equation is contract services division’s asset beta, which can be obtained through basic arithmetic. Subsequently, the asset beta can be levered using the target debt proportion to obtain the equity beta, which can be used is the CAPM equation to calculate the cost of equity for contract services division. The WACC for the division is simply the weighted average of its cost of equity and cost of debt. The calculations in the attached spreadsheet estimate the cost of capital to be 8. 4%. 8) Marriott also considered using the hurdle rates to determine incentive compensation. How do we link this with the Economic Value Added (EVA) approach? The objective of any company’s management should be to maximize the shareholder wealth. Shareholder wealth increases when a company consistently produces positive economic value. In this context, economic valu e added is measured as the excess operating profits over the dollar cost of capital. In mathematical terms, economic value added equals net operating profits after tax minus the product of cost of capital and capital employed (dollar amount of WACC). The concept of economic value added is closely linked to the concept of net present value (NPV) calculated using the hurdle rates. Specifically, a positive NPV project will generate positive EVA, while a negative NPV project will generate negative EVA. Therefore, if a company only accept positive NPV projects, calculated using the appropriate hurdle rates, it will generate positive EVA on the profits generated from these projects. Therefore, a manager’s compensation could be linked to the amount of positive net present value that the manager generates through new investments.

Why Agriculture Spread During the Neolithic Revolution

Around 10,000 years ago, a dramatic transformation occurred in parts of the Near East that forever affected the human experience. These were the economic and social changes from hunting and gathering subsistence strategies, which characterised over 99 per cent of our long tenure on Earth, to ones emphasising food production and settling down in small villages. This was not an easy transition, nor was it a universal one. Once it occurred, though, it changed the course of human history. Usually known as the â€Å"Neolithic Revolution†. (Simmons 2007: 1)There has been much speculation by academics in many disciplines as to the reasons why agriculture was developed and employed throughout the Neolithic revolution; and how the agricultural developments dispersed across the globe. However, I believe that there are unanimous definitions on both the Neolithic Revolution and agriculture. Both key to the answer of this essay. I believe the Neolithic Revolution to be the first agricultur al revolution to take place globally, which led to people becoming sedentary, resorting to agriculture instead of hunter gathering and mobile communities. Gupta 2010) Cohen (1977: 1) has a similar attitude towards the definition of the Neolithic revolution as he believes it to be, â€Å"the economic and social change [] which witnessed the transition from hunting and gathering to agriculture as man’s major mode of subsistence. † Agriculture, as defined by the Shorter Oxford English Dictionary (1973), is â€Å"the science and art of cultivating the soil, including the gathering n of the crops and the rearing of livestock†. However, I believe that agriculture includes other aspects, which link in with it to create a fully operating agricultural system.These include, ‘farming’ and ‘domestication’, both pivotal for agricultural success. Farming is described as, â€Å"the business of cultivating land and raising ‘stock’† whilst domestication is â€Å"described as the action of ‘farming or bringing under control’. (More specifically, domestication can be defined as ‘the evolutionary process whereby humans modify, either intentionally or unintentionally, the genetic makeup of a population of plants or animals to the extent that individuals within that population lose their ability to survive and produce offspring in the wild’: Blumler and Byrne 1991: 24). (Barker 2006: 2) Simmons (2007) concurs that the Neolithic revolution was a transformation of the economic system at the time, but it was also a social change in how food was used and viewed in differing ways. To fully understand the impact of agriculture to Neolithic societies, I will use case studies to highlight my points. These will include the Fertile Crescent of the Near East, believed to be the first place where the use of agriculture has been found as Barker (ibid: 11) suggests ‘that the first farming would ha ve started in the ‘Near East’.However, I will also be using case studies from Africa, specifically the Ethiopian Highlands and the Kuk Swamp in Papua New Guinea. As Cohen mentions that â€Å"the most striking fact about early agriculture, however, is precisely that it is such a universal event† (1977: 5) therefore, it will be interesting to discuss the reasons why such rapid dispersion of agricultural development occurred across the Neolithic world. Why did the people around 10,000 years ago resort to a new way of life and with new ways of feeding?A way of life that was completely different from the people before them who had undertook hunting and gathering to feed themselves; a way of life that led to the beginning of agriculture and turning from mobile to non-mobile communities; forager societies that had been, â€Å"relatively unchanged since the depths of the Ice Age†. (Bogucki 1999: 191) There are many reasons that archaeologists have discussed about why this transition occurred in what has been coined as ‘The Neolithic Revolution’. There are many reasons why this transition occurred and I will explore many of these reasons.I will be looking at the reasons that are incorporated in Barbara Stark’s (1986) three main model types, which show the transition of foraging to the production of food in an agricultural sense. â€Å"Push†, â€Å"Pull† and â€Å"social’ models are used by Stark which create an ‘umbrella’ effect on the main underlying reasons which can be incorporated to fully explore the reasons why agriculture began and how it spread across the globe. When there is stress on a population, it can lead to the population being pushed to protect themselves to ensure that the stress does not damage them.These stresses, in the cause of agricultural causation include population pressure and/or climate change. The stress imposed on the population could have led to the beginning of agriculture being used. (Stark 1986) Many archaeologists have discussed reasons why agriculture began under this umbrella of a ‘push’ model. Childe (1936) began much of the work on the origins of agriculture by developing the Oasis-Propinquity theory; a theory that incorporated a significant climatic change at the end of the Pleistocene, which had a major effect on how animals, plants and humans operated to feed.Childe created the Oasis-Propinquity theory because he believed that this climatic change caused the areas, beginning in the Near East, especially the Fertile Crescent, to become arid and dry, thus becoming deserts. Simmons (2007: 11-12) thought that the new desert conditions of the Near East was causing â€Å"plants and animals [to die] or [they were] becoming scarce. † Without the presence of water nearby to most of the humans, plants and animals in the Near East and North Africa, it led to the congregation of these creatures to areas where water wa s available, such as the desert oases in the Near East.The close proximity that the plants, animals and humans had to undertake daily, it eventually led to the domestication of plants and animals. (Simmons 2007; Bogucki 1999; Pluciennik and Zvelebil 2009) Childe (1936: 77) considers that humans, plants and animals all became â€Å"united in an effort to circumvent the dreadful power of the drought†. The Oasis-Propinquity theory by Childe is only half of the story as to why agriculture began in the Near East. With this theory in mind, the domestication of plants would have been tending to and re-planting year after year.This would have led to the creation of some form of agricultural ideas and system that would have to be used to ensure that the domesticated crops can be utilised to their optimum. This early system of agricultural development would have had to be moulded into the systems that provided significantly greater quantities of food that would be able to sustain a pop ulation that would have been growing because of the change into a sedentary lifestyle. When Childe produced the theory in 1936, his investigations would have been one of the key reasons as to why agriculture developed.Despite still being a key argument in the origin of agriculture, other academics and evidence that has come to light since Childe’s Man makes Himself. Bogucki (1999: 186-187) mentions, â€Å"The difficulty is there is no evidence of widespread desiccation during the period in question between 15,000 and 10,000 years ago. † Paleoclimatic and geomorphological evidence of Braidwood’s Iraq-Jarmo project came to the conclusion supporting Bogucki’s (1999) claim that of no evidence of widespread desiccation. (Watson 1995) As Simmons (2007: 13) suggests that â€Å"these projects [] found no support for Childe’s claim of desiccation. This lack of evidence produces a significant amount of doubt to the Oasis-Propinquity. If there wasn’t a global change in climatic behaviour, it cannot be assumed that dry conditions occurred which resulted in the congregations at oases. Also, Childe’s work puts emphasis on the domestication of primarily animals at the oases and does not hold the beginnings of plant domestication, which inevitably lead to agriculture, in high regard and it was not accredited in his work. (Watson 1995; Bogucki 1999)Despite Simmons (2007: 12) mentioning that â€Å"Childe’s model is frequently acted as one of the origins of agriculture†, I believe that due to the climatic evidence of the time disagreeing with the theory of major climatic change resulting in dry and arid conditions, the Oasis-Propinquity theory does not hold as much regard with the origins of agriculture. I feel that other reasons incorporated in the push model have a much greater impact than Childe’s theory. I believe that the evidence found throughout the Fertile Crescent proves a lacking of substance for th e Oasis-Propinquity Theory and could provide evidence against it.Through the Fertile Crescent, establishments and the societies built up within have no been on major waterways (apart from Jericho), which diminishes the theory. This is because the domestication of all the wild resources occurred without the need for a congregation of plants, animals and humans in a small area surrounding oases’. The speed of domestication of Einkorn for example, showed that this congregation did not need to occur. Einkorn could be domesticated easily due to a number of genetic loci that it was able.Wild cereals and Einkorn had very similar ancestors, which allowed domestication to occur quite easily in the Crescents. (Zohary and Hopf 1993) This shows how significant other theories were in understanding the origins of agriculture. The Hilly Flanks Theory was produced to directly contest Childe’s theory. Braidwood was not enthused with the Oasis-Propinquity theory and did not hold it in h igh regard despite it being one of the significant and key models for the origins of agriculture, and pursued answers for the agricultural origin elsewhere. Braidwood 1960; Braidwood and Howe 1960) The Hilly Flanks Theory was created because â€Å"Braidwood thought that the best place to look for early domestication was where the habitats of the wild precursors of wheat, barley, sheep and goats overlapped. [] With desiccation and other widespread climatic changes discounted as a proximal cause of agriculture, Braidwood sought an explanation in human behaviour. He suggested that food production in the Old World emerged in certain â€Å"nuclear zones† in the arc of the Taurus and Zagros mountains of the Near East known as the Fertile Crescent†. Bogucki 1999: 187) I believe that his view on agricultural origins held a decent basis, as it feels natural for first cultivations by farmers on cereals within their natural habitat. (Miller 1992: 49) Braidwood’s theory was based, quite simply, on that the habitats of the Hilly Flank became so familiar to the people who lived there, that they started to domesticate the plants and animals that lived there in their natural habitats. Archaeological sites in Papa New Guinea, especially in the Upper Wahgi Valley, hold evidence for this theory.The importance of the sites in this region cannot be understated because the evidence that has been found as it showed agricultural developments without any significant evidence to suggest social transformations. Therefore, it can be assumed that people relocated to areas of natural wild resources to undergo â€Å"animal and plant exploitation† (Denham 2011). Without evidence for climatic change, this highlights significant headway in the Hilly Flanks theory. As Simmons (2007: 14) suggests that the people on the Hilly Flank had to become â€Å" [settled] in by groups who came to understand and manipulate plants and animals around them. From Braidwood’s work on the Hilly Flank Theory, there are many assumptions to be made about the origins of the first agricultural systems and I believe that the Hilly Flank Theory holds significant worth to the argument. I believe that it would be sensible for the first farmers to begin cultivating land that they foraged on and/ or lived on as mobile communities. I think this because the ‘raw materials’ were already en situ and the farmers did not have to relocate anywhere else. However, with this idealist notion of ‘being sensible’ views can only be mentioned due to indsight and the difference in culture that we see in our western cultures today. It must be noted that with over two millennia of the populations on earth being hunter-gatherers and foragers, the idea of becoming a sedentary farmer would have been very alien to them. Braidwood’s work on the Hilly Flanks Theory and the subsequent dismissal of Childe’s Oasis-Propinquity theory resulted in a signif icant change in the way agricultural origins were looked at and discussed. However, I believe that the push model had a significant result on why the origins of agriculture were continually discussed.I also must consider population pressure as an important argument for the origins of agriculture. In the early transitional period that occurred during the Neolithic Revolution could have been that many of the populations that existed changed from being mobile communities to becoming sedentary; non-mobile communities. The population that the mobile communities had was in relation to the â€Å"mobility and flexibility of hunter-gatherer organisation† (Green 1980; Lee 1972). Green (1980) discusses that population pressure is because of the decrease (or lack of) logistical mobility.When the population causes an effect on the mobility and flexibility, it can be assumed that the sedentary lifestyle was adopted. It could be argued that with a sedentary lifestyle, the population of the community could increase exponentially as Bellwood (2005: 23) says, â€Å"any major increase in the degree of sedentism [] would have encouraged a growing population, via shorter birth intervals, and would also have placed a greater strain on food supplies and other resources in the immediate vicinity of the campsite or village†.This resulted in the development of Binford’s (1968) Population Pressure model, which; Argued that once people (the early Vatutian in the Levant) became sedentary, populations inevitably increased, leading to an increasing use of locally available plant foods, such as cereals, that had previously been considered marginal. From this intensive use of cereals, and the technology ass65ociated with this processing, a regular cycle of plants and harvesting occurred, ultimately resulting in domestication. (Simmons 2007: 15)This increase in the population could have been down to a number of reasons including; an improved and more regularity in diets, i ncreased life expectancy and fertility, greater protection from diseases and â€Å"the need for more people to assist in seasonal harvests of wild plants† (Simmons 2007: 14-15; Bellwood 2005). Flannery (1969) elaborated further on Binford’s Population Pressure model, as Miller (1992: 49) mentions that Flannery â€Å"suggested that subsistence changes that took place prior to agriculture – during the â€Å"broad spectrum revolution†, could have been a response to population growth in the marginal zone†.A significant population increase can cause dramatic effects on the resources of the surrounding area. It would have come to the point that a foraging and hunter-gathering society no longer has the ability to provide resources for the whole population and leads people to try and find other sources for the resources. These resources, which provide the basis for sustaining life, could be pushed into competitions for the resources. With such competition, I believe that with the knowledge that resources would eventually run out, the population would have resorted to basic domestication of plants and animals for more reliable sources of resources. Neilson 2006) In times where pressures on the population seem great, the adoption of agriculture can lead to too much stress being inflicted on the availability of resources on the population. Stark (1986) emphases that this could create a pushing factor onto the population into agriculture. Without the push into agriculture, the population would have ceased to exist. Despite population pressure having a obvious impact on the ability for sufficient resources to be gained from hunter-gathering, it could have lead to the adoption of agriculture.However, some do not value the Population Pressure theory and believe it â€Å"inadequate as an explanation [because] for it necessary the increased population must be a purely local phenomenon which cannot exist without [locational] factors [or const raints]† â€Å"(Bronson 1975: 74). Sauer (1952) also believes with Bronson that a resource crisis due to pressures on the population due to a significant increase was not a highlighted reason for the genesis of agriculture. Sauer makes it known that the transition that occurred in the Neolithic was due to an altering relationship and the interaction between culture and the environment.This could lead to assumptions that Sauer did not believe that the transition developed out of a lack of food and resources to the ever-growing population. Green (1980) also argues â€Å"that population growth does not necessarily precondition either innovation or increased economic productivity†. As innovation would have to be the precondition to agricultural development, Green’s argument provides significantly altering evidence, which could lead to a different viewpoint on the origins of agriculture.This change in the relationship with culture and environment led to Stark’ s pull model. This cultural change that Sauer discussed had the ability to pull people into adopting the agricultural way of life, discarding the old hunter-gathering way of life. The pull model was based on a shift towards an unprecedented reliance on specific resources, which led to an alteration in the relationship between humans, animals and plants. This reliance ensured that the population was pulled into agriculture (Stark 1986).The pull model also put emphasis on the technological innovation that was developed pre-agriculture and such technology ‘pulled’ the population into the uses of agriculture and to benefit from such implementation of agriculture. The pull model â€Å"prevents a group from reverting to its earlier pattern of resource use† and this can be why, in the eyes of those who believe the pull model was the reason for agricultural development, that the pull model was so successful, effectively pulling those in further along in advancement. Dona ld Henry (1989) proposed a â€Å"pull† model for agricultural arising in the Near East.In his view, there were two key moments in the process of agricultural origins in the Levant. The first occurred around 10,500 BC when a global temperature increase promoted long-term settlement and necessitated a shift from what Henry calls â€Å"simple† foraging to â€Å"complex† foraging. A variety of high-yield resources, including wild cereals, were exploited, and restraints on population growth were relaxed. About 2000 years later, this complex foraging system collapsed possibly as the result of a second climatic change, and the foragers had two options, depending on where they lived.In the highly productive areas of the Levant, where the highest populations were, they began to cultivate cereals. In the marginal areas, people reverted to a simple foraging system. (Bogucki 1999: 190) Henry’s continuation on Stark’s pull model shows that he believes that envi ronmental pull factors resulted in the origins of agriculture. This is especially clear in the Levant where location dominated the resource development, for example: either hunter gathering and foraging or cultivation and domestication – resulting in agriculture.It can be assumed that the majority of highly populated areas of the Levant went to cultivation and that led to the growth of domestic dwellings. Those in marginal areas would have shifted towards domestic dwellings instead of staying as a mobile community. I also believe that technological advancement had a significant impact on the origins of agriculture and the further development of agricultural ways of life. Diamond (1997a) hold technological advancement as one of three linked developments which can be included within Stark’s pull model to try and develop a reason for the agricultural genesis.Technological development allowed people greater ways to â€Å"collect, process and store foods† (Simmons 20 07: 21), which is crucial when harvesting and cultivating is used to process foods and store the years amount of food. Without this development ensuring significantly greater storage capabilities, it causes hunting and gathering daily obsolete. Technological advances created developments, which could be used to â€Å"kill or displace hunter/gatherers† (ibid: 21-22). With violence being a consequence of technology, it would have force those hunter-gatherers into some form of agricultural developments just to survive.Technological advances started to produce greater items for warfare that were superior to what hunter-gatherers were using, mainly for the collection of resources, not fighting. Also, the other variables within Diamonds reasons for the origins were that there was a significant drop in species that used to be wild and resulted in the â€Å"human occupation of available habitats in order to decrease the risk of unpredictability† (ibid: 21). With the decline of wild species, the only option for the population would be to occupy their habitats to ensure that food could be hunted.However, by moving into the habitats were wild species were growing and living, it would have led to significant domestication of the species to ensure that the food is always present. However, there is some opposition to pull models, as Green (1980) says that â€Å"invention-pull models, which attributed agricultural change to technological innovation [which resulted in] considerations of agricultural change being dependent on technological innovation were considered non explanatory because they did not deal with the causes of innovation†.By being pulled into a change, populations would not be able to revert back to their earlier systems of gathering and hunting for food. However, others believe that social changes had a significant impact on the agricultural origins and were developed as one of Stark’s models for agricultural origins – the so cial model. Within the social model, there are numerous theories as to the origin of agriculture, however, all the theories, as Bender (1978) emphasised and â€Å"found that social changes acted independent of technology and economy to create pressures in production† (Simmons 2007: 18).Similar to Bender, Tilley (1996) also believes that greater social and ideological beliefs and their significance played an overwhelming part in the domestication of food rather than economic reasons. The theories that are under the umbrella of the social model are based on social development and competition. Competition feasting was a key theory set forward for the social model.It represents food as power and has been categorised as the â€Å"â€Å"food fight† model† (Simmons 2007: 18) by both proponents and critics (Hayden 1995: 282; Smith 2001: 218-221) With certain individuals accumulating surpluses of food, these could be transformed into items with value. With the accumulati on of surplus food, it would allow people to create feasts for the population. The individuals creating the feast would be held in higher regard in the community because it shows people who were generating the most food for the population.Feasting is a key part of the social model â€Å"given that the Neolithic revolved around food in one way or another; it seems somehow appropriate that feasting be considered as a reasons for its origin† (Simmons 2007: 18-19). By feasting, it was the first aspect of competition within communities. Competitive feasting would have been used as a method for the development and consolidation of power. Competition is a very important aspect of human society as it leads to the best being in positions of power. Within the Neolithic, extra resources must be utilised to ensure that power, influence and status is promoted and competed for. Feasting, gift exchange, trade, and other forms of codified, often ritualised contact† (Pluciennik and Zvel ebil 2009: 469) are the main ways for people to promote their own standings. This promotion of people’s own standards resulted in the need for extra resources beyond their dietary needs in the immediate timescale. This would result in overproduction. Overproduction by hunting and gathering would have got significantly harder with the climatic ever so slightly changing during the early Neolithic.Therefore, agriculture, a â€Å"more intensive system of exploitation† (ibid: 469) must be adopted to ensure overproduction can occur. Hayden (1995) believes that the need for competitive feasting lead to the first domestication of both plants and animals for the production of extra foodstuffs. With the use of food designated as prestige items, the accumulators could exceed their rivals in the consolidation of power (ibid). Runnels and van Andel (1988) have suggested that social customs, such as trade and competitive feasting would have led to motives for food production.Cowgill (1975) mentions that the more food an individual produces, the greater social and political power they possess. This analogy perfectly shows how important food was within a competitive environment and was used significantly to gain the upper hand. Without the implementation of agriculture, the excess food would not have been able to be produced and the ability to gain competitive edge over other individuals would have been diminished. As Miller (1992: 51) says, â€Å"[cultivation was] to ensure a reliable food supply or to increase their food supply to satisfy growing social or dietary needs†.However, Hayden has also put an argument across that does not believe the social model to be a significant reason for agriculture to begin. Hayden (1990: 57-62, 1992: 13) mentions that the social model could not have resulted in a Neolithic revolution to occur immediately as a lot of arguments believe happened. Hayden comments include the fact that a new culture of sharing food would ha ve taken a large amount of time to implement and the fist domesticated plants and animals would not have been appropriate for daily consumption due to his belief that they would have been delicacies.Despite this, I find this argument extremely thin and in my opinion, find it difficult to dismiss such a inquisitive social model, which, due to the change in social behaviour in the Neolithic, could have been very likely to occur, especially when the Neolithic â€Å"was an ideological phenomenon, a new way of thinking† (Simmons 2007: 20). I find that the Neolithic was an era where new ideologies and cultures were being developed and implemented globally throughout the Neolithic on an unprecedented scale.The arguments about how and why agriculture was developed and adopted throughout the globe in the Neolithic have produced very different and sometimes contradictory reasons why the origins of agriculture occurred. However, no one can deny the importance that agriculture had on the world as a whole and the impacts that it had to society as a whole. The impact that agriculture had, in my opinion, is unprecedented and extremely important to how we live in the society today. I can assume that most academics on the topic of agriculture believe that the impact of its adoption during the Neolithic was massively important to the world.Cole (1967: ix) made this quite clear by saying, â€Å"the development of full food production was an evolution rather than a sudden revolution; yet there is no doubt that the consequences of this change were revolutionary in the fullest sense of the world† and as Pluciennik and Zvelebil (2009: 467) also put forward the idea that the adoption of agriculture was one of revolutionary proportions, a â€Å"quantum leap in human history, and the basis for the development of widespread societal characteristics, both good and bad. †There are many main impacts that can be connected to the implementation of agriculture as the main characteristic of subsistence. By domesticating both plants and animals, it led to â€Å"increased sedentism, smaller social units, individual domiciles, investment in burial ritual and trade† (Bogucki 1999: 191), â€Å"specialisation in diet [was] also encouraged by the localisation of agricultural production† (Rindos 1984: 270) and â€Å"populations practicing agriculture come to be more successful relative to both domesticating and on-domesticatory. These populations not only will be generally larger but will also be dispersing at far greater rates [than populations that are not practicing agriculture]† (ibid: 267). Pluciennik and Zvelebil (2009: 467) mention that the impacts include â€Å"sedentism, population growth, certain endemic diseases, social and political hierarchies, literacy, cities, specialised arts and crafts, widespread environmental degradation, extensive trade, property, laws, morality, and more generally civilisation. It could be very easy to use these and suggest the impacts that agriculture had on today’s society, without thinking about the immediate impacts that occurred to the Neolithic society when agriculture was implemented. When agriculture was implemented in the early Neolithic, it can be assumed this would have led to a population increase due to the majority of early farmers becoming settled and becoming sedentary, resulting in a decrease in mortality rates due to better diets and better immune systems.With improved sedentary conditions, population numbers would begin to increase at a much quicker rate, putting significant pressure on food stores, resulting with the need for improved agricultural efficiency and crop numbers. This continues the cycle of population increase, greater sedentary conditions and thus, more agriculture. However, in the background of this cycle, an evolution of social, economic and religious (Bogucki 1999) norms would have occurred changing the culture of the Neolithic signi ficantly.With the culture changing constantly to include agriculture, it would have led to the societies having a greater involvement with agriculture especially when it became the main and/or only way for food to be acquired. The agricultural revolution led to the societies throughout the globe being hit by these impacts and resulting in a totally different world, and in the grand scheme, the beginnings of agriculture and the beginning of the Neolithic revolution could be argued to be the beginnings of civilisation, as we know it today.The impacts that agriculture had on societies throughout the last 10,000 years are unprecedented and the effects of which are still seen today – with some arguing that without agriculture, the world, as we know it in the modern time would not be the same. â€Å"Social, economic, and political complexity [] would not have emerged without the existence of agriculture† (ibid: 203)To conclude, â€Å"in the last 30 years, archaeologists hav e made considerable progress towards understanding the origins of agriculture, but the question of why prehistoric people made the transition from foraging to farming is still elusive† (ibid: 191) pinpointing one reason for why agriculture was adopted would be impossible. However, in my opinion, I believe that understanding why agriculture was developed, a number of reasons must be acknowledged and inter-link to fully determine the true reasons why agriculture was developed during the Neolithic revolution.The â€Å"push†, â€Å"pull† and social models that were established by Stark (1986) provided the most efficient way of trying to understand why agriculture was developed and it led to a significant advance in the way of thinking for its origins. However, â€Å"in the 1990s, social factors [had] begun to assume prominence in attempts to explain the origins of agriculture, although â€Å"push† and â€Å"pull† models still have considerable importan ce† (Bogucki 1999: 190).I believe that the social model provides more all-round reasons for agricultural origins, especially competitive feasting which provided an activity for the whole society to undertake together, thus, producing the beginnings of a society, and trade. This would increase in importance with the development and the increase of more sedentary populations. Despite this, I also feel that the push and pull models are very important. Without population pressures and some climatic change, agriculture would never have been produced.In my opinion, agriculture created the easiest and most efficient way for agriculture to spread and disperse across the globe through trade. Socially, trade was very important within a society, but in the greater picture, it played a much more important role in its dispersal. With the increase in trade, societies would have improved in prosperity and developed. Without agriculture, this would not have been possible. This leads to how mu ch of an impact agricultural development and its adoption had on societies across the globe.Without food production from agriculture, cultural advancements leading to the growth of urban areas, including technological, economic and political developments, which eventually led to the modern societies, we know today (Simmons 2007; Diamond 1997a). The impact that agriculture had on societies cannot be measured electronically, scientifically or any other way because the impacts are on an unprecedented scale; impacts spanning from one corner of the globe to the other and affecting everything.With the beginning of agriculture came the beginning of the New World, a world of new culture, beliefs and ways of life, economic, political and technological change and developments, resulting in the way we are today. Food production triggered the emergence of kings, bureaucrats, scribes, professional soldiers, and metal workers and other full time craftsmen. Literacy, metallurgy, stratified societi es, advanced weapons, and empires rested on food production. (Diamond 1997b) Word Count: 5298 Bibliography: Barker, G. (2006) The agricultural revolution in prehistory: why did foragers become farmers?UK: Oxford University Press Bellwood, P. (2005) First farmers: the origins of agricultural societies. UK: Blackwell Publishing Ltd Bender, B. (1978) ‘Gatherer-Hunter to farmer: a social perspective’ in: World Archaeology 10: 204-222 Binford, L. (1968) ‘post-Pleistocene Adaptations’ in: New Perspectives in archaeology. Eds: Binford, S. and Binford, L. USA: Aldine Publishing Company Blumler, M. A. and Byrne, R. (1991) ‘The ecological genetics of domestication and the origins of agriculture’ in: Current Anthropology 32: 23-54 Bogucki, P, (1999) The origins of human society.UK: Blackwell Publishing Ltd Braidwood, R. (1960) ‘The agricultural revolution’ in: Scientific American 203: 130-141 Braidwood, R. and Howe, B. (1960) Prehistoric inve stigations in Iraqi Kurdistan. USA: Oriental Institute of the University of Chicago Bronson, B. (1975) ‘the earliest farming: demography as cause and consequence’ in: Population, ecology and social evolution. Eds: Polgar, S. Netherlands: de Gruyter Mouton Childe, G. (1936) Man makes himself. UK: Oxford University Press Cohen, M. N. (1977) The food crisis in prehistory: overpopulation and the origins of agriculture.USA: Yale University Press Cole, S. (1967) The Neolithic Revolution. UK: Trustees of the British Museum (Natural History) Cowgill, G. L. (1975) ‘On causes of ancient and modern population changes’ in: American Anthropologist 77: 505-525 Denham, T. (2011) ‘Early agriculture and plant domestication in New Guinea and island southeast Asia’ in: Current Anthropology Vol 52, No 4: 379-395 Diamond, J. (1997a) Guns, gems and steel: the fates of human societies. USA: Norton Diamond, J. (1997b) ‘location, location, location: the first far mers’ in: Science Vol 278, No 5341Flannery, K. (1969) ‘origins and ecological effects of early domestication in Iran and the Near East’ in: The domestication and exploitation of plants and animals. Eds: Ucko, P. J. and Dimbleby, G. W. USA: Aldine Publishing Company Green, S. W. (1980) ‘towards a general model agricultural systems’ in: Advances in archaeological method and theory. Eds: Schiffer, M. B. USA: Academic Press Gupta, A. K. (2010) ‘origins of agriculture and domestication of plants and animals linked to early Holocene climate amelioration’ in: Current Science Vol 87, No 1: 19 Hayden, B. 1990) ‘Nimrods, Piscators, Pluckers, and Planters: The emergence of food production’ in: Journal of Anthropological Archaeology 9: 31-69 Hayden, B. (1995) ‘an overview of domestication’ in: Last hunters, first farmers: New perspectives on the prehistoric transitions to agriculture. Eds: Price, T. D. and Gebauer, A. USA: School of American Research Press Henry, D. O. (1989) From foraging to agriculture: the Levant at the end of the Ice Age. USA: University of Philadelphia Press Lee, R. (1972) ‘the intensification of social life among the ! Kung Bushmen’ in: Population growth: anthropological implications. Eds: Spooner, B.USA: MIT Press Little, N; Onions, C. T; Friedrichsen, G. W. S; Fowler, H. N; Coulson, J. (1973) Shorter Oxford English Dictionary. UK: Oxford University Press Miller, N. (1992) ‘the origins of plant cultivation in the Near East’ in: the origins of agriculture: an international perspective. Eds: Cowan, C. W. and Watson, P. J. USA: Smithsonian Institution Press Neilson, R. (2006) The little green handbook: seven trends shaping the future of our planet. USA: Picadore Pluciennik, M. and Zvelebil, M. (2009) ‘The origins and spread of agriculture’ in: Handbook of archaeological theories. Eds: Bentley R. A. and Maschener, H. nd Chippindale, C. UK: Alt amira Press Rindos, D. (1984) the origins of agriculture: an evolutionary perspective. UK: Academic Press Ltd Runnels, C. and van Andel, T. H. (1988) ‘trade and the origins of agriculture in the Eastern Mediterranean in: Journal of Mediterranean Archaeology 1: 83-109 Sauer, C. (1952) agricultural origins and dispersals. USA: American Geographical Society Simmons, A. H. (2007) The Neolithic Revolution in the Near East: transforming the human landscape. USA: The University of Arizona Press Smith, B. (2001) ‘the transition to food production’ in: Archaeology at the Millennium: A sourcebook.Eds: Feinman, G. and Price, T. D. USA: Plenum Publishing Company Stark, B. (1986) Origins of food production in the New World. USA: Smithsonian Institution Press Tilley, C. (1996) An ethnography of the Neolithic: Early prehistoric societies in Southern Scandinavia. UK: Cambridge University Press Watson, P. J. (1995) ‘Explaining the transition to agriculture’ in: Last h unters: first farmers; New perspectives on the prehistoric transition to agriculture. Eds: Price, T. D. and Gebauer, A. USA: School of American Research Press Zohary, D. and Hopf, M. (1993) Domestication of plants in the old world. UK: Oxford University Press

Islamic Religion Term Paper

Islamic Religion Term Paper Islamic Religion Term Paper Islamic Religion Term Paper: Islam is in the Quran There is no bad faith, there are bad people Islamic religion term paper: Intro. If you write Islamic religion term paper you should begin with general introduction. Say that Islamic papers religion term is very interesting theme and close to you. However, today Muslims are branded as terrorists It is incorrect and immoral. Each faith has the right to exist. The religion of Islam is a very peaceful and loving religion. However, people recall terrorist when they think about the religion of Islam. Everybody knows that Quran is a holy book for Muslims; this fact should be mentioned in your Islamic religion term paper. Islam is the second largest global religion. Translated from the Arabic, Islam means submission. There are five basic dogmas shared by all Muslims:faith in one God (he us the only) and all prophets belief in angels faith in the book (Quran) faith in the Day of Judgment faith in fate (Kadar) According to Islami c primary sources, the essence of God is incomprehensible to human reason. Muslim traditionally believes that the Quran is a message of Allah sent to him by the angel. Islam respects all rights of personality and states clearly that none of them can be upset or changed, even if doing so would be in the societys favor. Muslims view their present life on Earth as a test of god. These facts should not be missed while writing the Islamic religion term papers. Muslim religion never supported to any kind of criminal activities such as bombing facilities, kidnapping and killing innocent people. Islamic term papers are very wide theme where small details cannot be ignored. Islamic religion term paper: Islam Like Way of Life. The main idea of Islam is to create all-sufficient person, a healthy family and a harmonious society. If you are a Muslim you should satisfy rules of religion. A basic element of society in Islam is family. Marriage in Islam is a civil contract which usually co nsists of two qualified parties in the presence and two witnesses. Today, in real life almost none Muslim woman can get an education, work and associate with people, if the man against. These facts will help you in passing good successful Islamic term paper. Women wear dresses of dark color, therefore, you could seen no body, no figure, no real beauty of women.At the head they wear long scarves that covered their neck and hair. In such clothes females seemed to be sad, and mysterious. Searching information about Islam women for your Islamic religion term paper, you may find a lot of contradictory elements. For example, such faith forbids smoking, but now it is a personal choice for everybody. Islamic religion term paper: Conclusion. Good luck in your Islamic term paper writing! I hope this article inspired you to create a written masterpiece!

The College Board Made a Huge Mistake on the June 6th SAT - Heres the Worst that Can Happen

The College Board Made a Huge Mistake on the June 6th SAT - Here's the Worst that Can Happen SAT / ACT Prep Online Guides and Tips If you took the SAT on June 6th, 2015, you may have noticed something different about the test. And now the College Board is dealing with a controversy that is affecting test-takers across the country. Like many students who had sat through an arduous 3.5 hours of testing and breaks, I was relieved to begin Section 8. This was the home stretch! The proctor read the instructions, telling us that we would have 20 minutes to complete the next section, and to note that this was less time than we were given for the previous sections. When I opened to Section 8, I was surprised to see that instead of 20 minutes, the instructions said I should receive 25 minutes to complete the section - a full 25% more time than what the proctor had mentioned. I started working, but students around the room started muttering in surprise and raised their hands to question the discrepancy. Had the College Board made a mistake? What Happened? And Who Has Been Affected? The short answer is: yes, the College Board had made a huge mistake. Sometimes, despite the efforts of numerous editors, a typo gets through and doesn't get noticed until thousands of people who haven't seen the test before are taking it. And unfortunately, this was a serious error because itdid not happen on an experimental section of the test. Students across the country were affected by this mistake.The error was on the final Critical Reading section of the exam, which was either Section 8 or Section 9 of the test, depending on which version you had. This was a section that was on all of the SAT I tests given on Saturday. So, how did it go down? In the proctor's manual/script, the instructions said to give 20 minutes each for Sections 8 and 9. When students turned to those sections, several realized that the instructions called for 25 minutes instead. Proctors responded in various ways: by sticking with what was in their instructions (20 minutes), or by going with the 25 minutes called for in the exam book, and occasionally, by doing something somewhere in between. Timing is everything. Students have reported a lot of confusion during the administration of these two sections. Some say they were told 15 minutes into the section that they were being given 25 minutes instead of 20 to complete it: One student says: "Our center gave 25 minutes, but didn't say it until the five minute warning (at which time they said ten minutes). This led to people rushing through sections that were long for twenty minutes, and then trying to go back and fix, as opposed to having 25 at the outset and working diligently from the start." Another says: "I saw someone on Twitter say that they're room persuaded the proctor to give them an extra 5 minutes on the second section of the 20 minute sections (I'm assuming because they took advantage of their section 8 being 25 minutes long instead of 20 because of a mistake their proctor made). This whole thing is terrible." Others report the opposite, saying that they were originally told that they would have 25 minutes, and then at the last minute, given only 20. One commenter on College Confidential says: "In my daughter's test, the told her they said they conferred with the college board and that they had 25 minutes, then 19 minutes into the section (she still thought she had six minutes) someone came into the room and told them they had to finish it within 20 minutes...so they only had one more minute. she still had 3 questions left, as she was thought she still had six minutes." Students across the country are feeling anxious about the test. Another agrees: "In our room, our proctor put 25 minutes for section 8 and asked the coordinator about it since it clearly said it was 20 minutes in the instructions. The coordinator called collegeboard and they said it was a misprint so then our time was changed back to 20 minutes midway." Students were not only affected by how much time they were given. Complaints have poured in from across the country, saying that the uncertainty surrounding these sections made them feel even more stressed out than they were already, and that they think they made more mistakes on those sections as a consequence: "Yeah that 20/25 minute mixup happened to me in Section 8 (which was Math for me). We all had an extra 5 minutes, but I feel as though it messed me up." But some are still confused about whose instructions had the mistakes - the proctors or the students. In other words... How Much Time Should You Have Been Given? One of the main complaints that is coming in from parents and students revolves around the idea that they were shortchanged. Though the test booklet said that they should have received 25 minutes, their proctors stuck to the 20 minute rule. They claim that the section was exceptionally difficult and impossible to rush through in only 20 minutes. Unfortunately, this isn't the case - if you thought the section was particularly tough, it's because of the content, but not of the time limit. The final 3 sections of the SAT are shorter than the rest of the sections on the test, and Sections 8 and 9 should weigh in at 20 minutes each. In this case, the contested Critical Reading section had only 19 questions - the same amount that is standard for a 20 minute section. In contrast,Critical Reading sections that are supposed to be completed in 25 minutes always have 24 questions. So don't feel cheated if you were only given 20 minutes to complete this section.This is how it should have been. If Nobody Had Too Little Time, Why Is There a Problem? Does 5 minutes really matter that much? The issue now is that some people had too much time - a full 25% more than they should have had to complete this section. And even more of a problem, everyone seems to have done this part of the test differently - some with 20 minutes on each section, some with 25 minutes on Section 8 and 20 minutes on Section 9, and others with 25 minutes onbothsections. The SAT is all aboutstandardization. The "curve" that SAT scores are based on compare how you did on the test to how everyone else did - both on the test you took, and on previous tests. They can't possibly do this if some people are given more time than others on equivalent sections. Now some students have a distinct advantage. And when some people have an advantage, the test can no longer be "standardized." How Has the College Board Responded? The problem was reported to College Board many times yesterday by proctors around the country. If your proctor called in, they were instructed to only allow 20 minutes for Sections 8 and 9. They also were told to continue administering the test. Today, the College Board issued an official statement: Shortly before noon Eastern Time on Saturday, June 6, Educational Testing Service (ETS) informed the College Board that there was a printing error in the standard test books they provided to students taking the SAT on June 6 in the United States. The time allotted for a specific section, either section 8 or 9 depending on the edition, was incorrect in the student test books and correct in the script and manual provided to Test Center Supervisors. The student test books contained â€Å"25 minutes† while the manual and script contained the correct time limit of "20 minutes." As soon as ETS became aware of the error during the administration of the test, they worked to provide accurate guidance to supervisors and administrators. The College Board understands the critical nature of this issue, and we are actively working to determine next steps to ensure the fairness of the test and the validity of the scores we deliver. We regret the confusion and concern this issue is causing for students and their families, and we will provide them and others with updated information as soon as possible. Please check back here for updates. You can check this page for new information. What Will Happen Next? There are several possibilities for what could happen from here on out, some more likely than others. (Edit 6/9/15:College Board has released an official statement on what they plan to do - scroll down to see what that is. The following section is retained to show what students nationwide had to worry about for days, before College Board made their decision.) The College Board could adjust the curves on these sections, depending on if you received extra time or not. At least one proctor who called the College Board yesterday during the exam has reported that this is what she was told. Some students think this is the right way to go: "I wonder if they have some sort of formula they can use to predict what the people who got 25 minutes SHOULD have gotten on Section 8 (based on their answers in the other writing section). And then maybe the curve could be based on that? idk tho... the whole situation is a mess." This is difficult, however, because the College Board would have to get reports from each testing center about whether or not extra time was given. Proctors are supposed to write down the start and end times of each section; however,since thisrelies on the proctors actually having done this, and then accurately reporting it, it leaves a lot of room for error - not to mention a lot of extra effort for the College Board to collect this information. Another potential issue for this method will come from those who were given 25 minutes by their proctors, but who completed the section in less than 20 minutes. Should they be judged on a harsher curve because of the proctor's choice? "No. That is not fair to me. I did not ask for those extra 5 minutes. We were all arguing with the proctor that it was suppose to be 20 minutes, but she said we all at least had to sit through the 5 minute wait even if we did nothing.... It messed me up. It is not fair...." We know how you feel. The College Board could cancel all scores for this test. As unfortunate as it is for everyone who gave up their Saturday to take this test, this could be a likely result. Reports are continuing to come in about just how much this error affected performance. The College Board's Terms and Conditions have a section regarding what they call â€Å"testing irregularities.†It states: â€Å"Testing irregularities refer to problems or irregular circumstances or events associated with the administration of a test. When they occur, they may affect an individual or groups of test-takers. Such problems include, without limitation, administrative errors (e.g., improper timing, improper seating, defective materials and defective equipment), indication of possible preknowledge of secure test content, and other disruptions of test administrations (e.g., natural disasters and other emergencies). When testing irregularities occur, ETS may cancel an administration or individual registrations, decline to score the test, or cancel the test score. ETS may do so whether or not the affected students caused the testing irregularities, benefited from them or engaged in misconduct. ETS is solely responsible for determining whether testing irregularities have occurred, and its decisions are final. When it is appropriate to do so, ETS gives affected test-takers the opportunity to take the test again as soon as possible, without charge.† Many people have said that this would be unfair to students because it was not any fault of theirs, and therefore their scores should not be cancelled. However, as you can see in the Terms and Conditions, the SAT does not care if the testing irregularity is any fault of the students or not. For example, hundreds of students who took the test in May will have to re-take it on June 20th because their test materials were misplaced.A country-wide cancellation of scores is also not unprecedented, though in the USA it is. In 2013, the SAT scores of all South Korean students who took the May test were cancelled due to cheating allegations aimed at test-prep companies. Though there were doubtlessly many students who had not cheated, their scores were also cancelled because the College Board felt there was no other reasonable alternative to ensure the fairness of the test. If the College Board were to take this route, they would likely offer a makeup testing date, which offers additional problems. It would be very difficult to add another national testing date this summer at such short notice, especially because many schools (which serve as testing sites) are closed and proctors (who are often teachers) are less available. Remember, it’s not like this only affected a couple hundred or even thousand people - it was a nationwide problem. The College Board could drop this section from your score and calculate your grade based on the rest of the test. This is not terribly likely, again because the whole point of the SAT is that it is standardized. Without being able to compare your scores on this section with the equivalent sections on other tests, it would be difficult to give you a fair score. Also, many students were not just affected in the final Critical Reading section, but also the final Math section. This means they would have to drop two sections - which would really increase the challenge. The College Board will automatically give everyone a perfect score for all their troubles. Just kidding. Dream on. What if I have to re-take the test? No need to panic just yet. If the College Board does decide to cancel these scores, they will most likely offer a re-test. This test would probably be offered at some point this summer, and would be free of charge to anyone who was originally registered for the SAT I on June 6, 2015. Many rules apply to these makeup tests: You can only take the test you were originally registered for. You cannot register for a makeup testing date if you were not registered for the cancelled test. You can only retake the test at the testing center you were originally registered for (which is bad news for people like me who registered late and had to drive 3 hours to get to one of the only centers with available space left). Makeups are not offered on Sundays - Sunday testing is only allowed for people who have a religious reason to not take it on Saturdays. You must take the ENTIRE test at a makeup test date (so not just the sections that had the error).Why? It would be unfair and unstandardized to compare you taking 2 sections fresh-faced and bright-eyed compared to those who had to take them tired after 3+ hours of testing It may take several weeks longer than normal to score your essays.Why? Again, because these are not in the normal schedule, it would take a lot longer to find all the people needed to grade them If you need to retake the test, you still have time to study. We've written a guide about the top 5 strategies you must be using to have a shot at improving your SAT score. Download it for free now: ***UPDATE (6/9/15): The College Board Responds to Their Error*** Today, around 5:30 pm, the College Board issued their official response to the test timing crisis: On Saturday, June 6, Educational Testing Service (ETS) informed the College Board that there was a printing error in the standard test books ETS provided to students taking the SAT that day in the United States. We apologize for this error. After a comprehensive review and statistical analysis, the College Board and ETS have determined that the affected sections will not be scored and we will still be able to provide reliable scores for all students who took the SAT on June 6. We expect to deliver scores within the usual timeframe. To accommodate the wide range of incidents that can impact a testing experience, the SAT is designed to collect enough information to provide valid and reliable scores even with an additional unscored section. From fire drills and power outages to mistiming and disruptive behavior, school-based test administrations can be fragile, so our assessments are not. We take our responsibility to students very seriously, and we regret the confusion some students experienced. For more information, we encourage students and their families to check back here for the latest updates. Frequently Asked Questions for Students Q: What happened during the June 6 administration of the SAT? Shortly before noon Eastern time on Saturday, June 6, Educational Testing Service (ETS) informed the College Board that there was a printing error in the standard test books ETS provided to students taking the SAT ® on June 6 in the United States. The time allotted for a specific math or reading section - either section 8 or 9, depending on the edition - was incorrect in the student test books but correct in the script and manual provided to test center supervisors. The copy in the student test books indicated â€Å"25 minutes† while the manual and script indicated the correct time limit of "20 minutes." As soon as ETS became aware of the error during the administration of the test, it worked to provide accurate guidance to supervisors and administrators. Q: Will my scores be available and still be delivered to colleges and universities? After a comprehensive review and statistical analysis, the College Board and ETS have determined that the affected sections will not be scored, and that we will still be able to provide reliable scores for all students who took the SAT on June 6. We expect to deliver scores within the usual time frame. Colleges and universities will know these scores are valid. Q: How is it possible to not score a whole section and still have valid scores? To accommodate the wide range of incidents that can impact a testing experience, the SAT is designed to collect enough information to provide valid and reliable scores even with an additional unscored section. From fire drills and power outages to mistiming and disruptive behavior, school-based test administrations can be fragile, so our assessments are not. We have deliberately constructed both the Reading and the Math Tests to include three equal sections with roughly the same level of difficulty. If one of the three sections is jeopardized, the correlation among sections is sufficient to be able to deliver reliable scores. Q: When will I get my scores? We expect to deliver scores to students within the usual time frame. Q: Who does this affect? All students who took the SAT on June 6 in the United States are affected. This does not affect students who took the SAT on Sunday, June 7, or any SAT Subject Test offered that day. How Are People Reacting to This? Understandably, students are going to have a lot of questions about this decision - including why, if these sections of the test are not essential, they are included at all. While many students are relieved that they will not have to re-take the exam, they are also questioning if this is really a valid decision, andwhy the College Board has come up with this decision. Summary of @collegeboard about June #SAT Shit happens, but dont worry it's cool. We've been having you do extra shit in case shit happened. - Akil Bello (@akilbello) June 8, 2015 "In test:Hmm, I felt like I did well on the last 3 sections. That's great!Goes home:-oh wait a misprint and posts all over CollegeConfidential...oh, no...it's a nation-wide problem-Now:Aaaaaaaand there goes my scores. Gg. Thanks a lot, Collegeboard. Please learn to proofread on a a test with sections upon sections about proofreading." - College Confidential Othersare even more confused, because when many of them called the College Board help line (before the official announcement was posted) they were told various things, including thatthere would be a re-take offered on June 20, and that the scores would be curved depending on how much time each student had received on each section. "How will this even provide us with an accurate representation of our scores?! There were always 3 sections to provide some sort of balance to students! Taking out an entire section is going to screw some students up completely! I'm very shocked because I called the college board yesterday and they told me that they were more than likely going to give an optional retest on June 20. I wonder what made this dramatic change! I'm extremely disappointed in the way the college board handled this. Now the students who felt they did well on reading are going to be punished more severely because there's going to be a smaller margin for error!" "I called SAT and tried to clear up the confusion with their announcement. The guy who answered me, appeared to be reading from a script, and told me there will probably be a retake on June 20th. When I pressed for more information, he tried to refer me to Escalated services, but I declined the offer...." "When I called College Board, they said they were just going to divide up the test-takers into those who had 20 minutes and those who had 25 minutes for the sections in question, and grade each group. They told me the proctors are required to report each student who received extra time, so they could identify who got extra time and who didn't. I don't understand why they didn't do that. They could look at the distribution of scorers in each group to ensure the distribution is normal as well. What they have proposed is really unfair to those who took the test with the correct amount of time. It means that the margin for error is far less than usual because mistakes in the earlier sections are weighted more heavily. CB should be required to identify those who received extra time and given the normal scores to those who took the test normally, and offer a retake to those who didn't." Therefore, it does seem that the College Board at least considered other options before taking the route they decided on. Which makes us wonder why they didn't stick with either of them. And there is only one reasonable answer:the time and money expenditures would be enormous. In order to arrange a new nationwise testing date for free, the College Board would have to pay a tremendous amount of money. Similarly, it would take a lot of time and manpower to collect the information from each proctor about how much time was given on each section, and then to create and apply two curves. Finally, if students were graded on different standards, there would be a continuous uproar throughout the summer about test scores as students compared their curves - and College Board likely just wants this controversy to die down. So in many ways, the College Board has come to the solution that is easiest - for them. How Does This Affect You? Basically, instead of your scores for the Math and Critical Reading sections being spread out across three sections, now only the first two (longer) sections will be counted. Incorrect answers from these first sections will now have a greater weight on your score than they otherwise would have. Willthis actually provide accurate scores? For some students, it undoubtedly will. As the College Board says, all three sections of Math and Critical Reading have similar difficulty levels - meaning that each contains questions that range from easy to very difficult. If you are the type of student who would have scored fairly evenly across all of these sections (regardless of if that would have been low, average, or high scoring), then your overall score should bea good approximation of how you would have done with the missing sections included. This is what the College Board is banking on - after all, it is a standardized test, and they know that there are not normally massive discrepancies from one section to another. Who Will Benefit From College Board's decision? The students who will benefit the most from this are those who would have scored badly on the final sections of the test for any reason - including increased stress or fatigue from multiple hours of test-taking. Others who will benefit will be those who have a particular weakness that was covered in these sections but not in the other parts of the test. Though each section contains easy questions and tough questions, it is quite normal for the tough questions to cover diffferent concepts. So if your particular weakness - say, coordinate geometry - was featured on the deleted section, you are in luck and may get a higher score than you otherwise would have. Who Will Suffer From College Board's Decision? The people who will suffer the most from the deletion of the sections are those who were potential high-scorers. The curve on the SAT is always the toughest on the highest scores (especially on the Math sections, where a single wrong answer can disqualify you from an 800). Reducing the test scoring down to just two sections increases statistical variance because the test collects much less data about you. It's like flipping a coin - if you flip it 1000 times, you'll see that it's balanced between heads and tails. If you flip it 3 times, you might get all tails and make the wrong inference. So If you made a couple of mistakes on the earlier sections of the test, but scored perfectly on the latter sections, your score will likely be lower than it otherwise would have been. Who Will Lose out the Most? The obvious major losers in this are the College Board and the SAT, who have done a lot to destroy their own credibility. They have officially said that they can easily drop 2 sections of the test, with no effect on the outcome. While the validity of this statement is questionable, it does nothing to help their reputation, and many students are now wondering why those sections are on the test at all. .@CollegeBoard should know that there's a difference between reliability and validity- I learned that in AP Psychology- so which is it? #SAT - Mary Wojcicki (@MaryWojcicki) June 9, 2015 Give me back an hour of my life #collegeboard #SAT - Ashley. (@xoashh4) June 9, 2015 Disregard an entire section of the #SAT, and test is still "valid?" Anybody want to buy a bridge? @collegboard lacks all credibility! - College Connection (@GetCollege) June 9, 2015 The College Board's decision to not re-test shows that their bottom line is more important than accuracy of scores, which is making a lot of people wonder why they are bothering with the test in the first place. Not very reassuring to know that College Board cares more about their profit margins than the validity of the test scores #SAT #collegeboard - Eavan Ring (@eavanny) June 9, 2015 Andothers are frustrated that a test that seeks near-perfection from its takers doesn't hold itself to the same standard: "When a test can have such a profound impact on one's future, there simply can't be any room for such huge mistakes. Mistakes are becoming habitual for CB now for a extremely important test, which is unacceptable." This is one more item on a string of bad news for the College Board, which has been struggling to maintain its relevance in the face of the ACT's becoming more popular and in the wake of multiple cheating scandals. Final Thoughts If you feel that you were very negatively affected by the upheaval during Saturday's test, the deadline to cancel your scores is this Wednesday, June 10. If you get your scores and do not feel that they are an accurate reflection of how you would have done with the two cancelled sections added in, plan to re-take the test in the fall if it's possible for your schedule. Use the SAT you just took as a guide so you know where you can improve. And if you, like some others, are not feeling too charitably towards the College Board at the moment and want an alternative: unfortunately, it is too late to register for this month's ACT test. However, see our guidesfor the ACT to start preparing now for this fall's tests. What Should You Do Now? If you do have to re-take the test, use this as a learning opportunity. You just got to take the ultimate practice test. Think back to what sections you struggled with. Use this to target your studying so that you can rock it the next time around. Read more about College Board's recent cheating scandal in the US. Read our 11 top last-minute, must-read guides to prime yourself for the very next test. Learn expert strategiesto improve your SAT Reading, SAT Math, and SAT Writing scores if you're scoring below a 600 on any section. Have problems with SAT Reading, the section under consideration? Find out how to stop running out of time on the passages. Aiming for a top score? Read our guide to getting a perfect SAT score, even if you're frustrated by this event. Want to improve your SAT score by 160 points?We've written a guide about the top 5 strategies you must be using to have a shot at improving your score. Download it for free now: