Monday, August 24, 2020
Was World War 2 A Conitnuation Of World War 1? One could make the contention that World War II was only a continuation of World War I, notwithstanding the reality a late one. Around twenty years isolated the two however the impacts of World War I undeniably added to the beginning of World War II, for example, the Treaty of Versailles and the quest for exhaustive thoughts (Fascism and socialism) because of the awful states of various nations after the Great War. Publically be that as it may, the two wars are viewed as discrete clashes. Then again, it could be contended that, except if you annihilate everybody on one side, the finish of a war consistently leaves incomplete business that are the seeds of the following war. World War I depended on dominion, militarism, and patriotism. The war occurred in Europe as its fight grounds. It began with the death of Archduke Ferdinand of Austria-Hungary in the year 1914 during his movements to Sarajevo, the capital of Bosnia. Bosnia was in the south-east corner of the Austrian domain and a few people there needed to be free from Austria and set up their own state which could run itself. Franz Ferdinand had been cautioned that his visit could incite inconvenience however he disregarded this counsel and visited Sarajevo in any case. As was regular at that point, he went in an open bested vehicle. Precisely one month following the death, Austria-Hungary announced war on Serbia. The war partitioned Europe into two equipped camps - on one side was the Triple Alliance comprised of Germany, Austria-Hungary and Italy, and their foe was the Triple Entente of France, Russia and Great Britain. As different nations joined sides, the Triple Alliance got known as the Centra l Powers and the Triple Entente turned into the Allied Forces. The United States endeavored to stay impartial and was an advocate for the privileges of nonpartisan states. Independent international strategy was energized by Congress' worries about giving different nations a political entryway into US approaches and the social mixture of the United States' populace. Despite these variables, the United States entered World War I, because of a few occasions. In 1917 upon the investment of The United States, with about one million soldiers in the line before the finish of the war, the American nearness at last persuaded the Germans that the war couldn't be won; they had figured out how to win a war of weakening with France and Britain, yet the deluge of a perpetual flexibly of American soldiers implied that there was no chance Germany could win. By November 1918, the composing was on the divider and on 11 November 1918, the firearms fell quiet along the whole line as a cease-fire was ma rked, flagging the finish of the war. In January President Wilson ventured out to Paris for the harmony gathering that would prompt the Treaty of Versailles, he came furnished with his Fourteen Points, an optimistic arrangement to reorder Europe with the United States as a model for the remainder of the world. He neglected to increase the greater part of what he needed as the French and British were increasingly disposed towards a vindictive harmony, requiring repayments from Germany, than to any optimistic solicitations of the United States. The League of Nations, the one triumph Wilson oversaw at the gathering, was never supported by the United States Senate, and, without the United States, it bombed as a feeble association that crumbled notwithstanding German and Japanese animosity during the 1930s. Before the finish of World War 1, finished the four significant majestic forces - The German, Austro-Hungarian, Russia and Ottoman realms. The German and Russian domains lost a significant measure of land and regions, while the other two were pulled separated. The guide of Europe was redrawn with a few autonomous countries reestablished or made. The League of Nations shaped with the aim of forestalling any return of such a horrendous clash. This objective fizzled, with debilitated states, recharged European patriotism and the mortification of Germany adding to the ascent of one party rule and the conditions for World War II. (5) It has been composed that World War I left Germany bankrupt
Saturday, August 22, 2020
Tolstoy's Philosophy of Art Tolstoy approaches craftsmanship with a quite certain and restricted perspective on what is genuine and what is fake in arranging fine art and what makes a show-stopper positive or negative. Tolstoy accepts that a show-stopper can be named genuine if and just on the off chance that one man deliberately by methods for certain outer signs, hands on to others emotions he has lived through, and that others are contaminated by these emotions and furthermore experience them (10). He accepts that workmanship must be characterized as genuine by its capacity to cause the crowd to feel what the craftsman had planned to pass on with his/her fine art. The sentiments the craftsman means to pass on must likewise be genuine and genuine sentiments dependent on individual experience, communicated to the crowd so that the watcher/audience feels as though the craftsman is only communicating something he/she feels and has consistently yearned to communicate. To balance this definition, Tolstoy characterizes fake craftsmanship as having no impression on anybody (513). He says that distinctive genuine craftsmanship from fake workmanship should be possible just by deciding the irresistibleness of workmanship (514). Tolstoy guarantees that any bit of workmanship, regardless of how wonderful, charming, fascinating, idyllic, striking, or reasonable can't be characterized as genuine except if it likewise keeps up this nature of irresistibleness. In the wake of characterizing the distinction among genuine and fake craftsmanship, Tolstoy proceeds to transfer the contrast between what characterizes great what's more, awful workmanship. Tolstoy cl...
Thursday, July 16, 2020
Best Books of 2011 Category Standouts I have been blogging for almost a year, and in that time, I have written a lot of â5 Best Booksâ lists. As the end draws near, however, I am finding it difficult to identify the books that I consider the âbestâ of the year. This is partly because I know that Iâm about to settle in to two weeks of some serious reading, and I just know that Iâll find something in those two weeks that should have been on the list. That happened in June, when I posted a â5 Best Books of 2011.so farâ list. Within weeks, I had read a stack of new books that bumped some of my original choices right off the list. Now, Iâm taking the easy way out. Instead of making a proper list, Iâm going to hand out a few awards to books for doing things that caught my attention. Best 80s Pop Culture References Ready Player One by Ernest Cline The characters in this futuristic novel have a fascination with the past. Eighties references fill the pages, and readers are reminded of all their own memories of the eighties, even if they were too young to take part. Itâs like Cline took all of his favorite things from back then and made sure to mention them at least once in the book. This could have gotten really old really quickly, and it would have, if not for Wade. He takes an almost scholarly approach to his quest for Hallidays Easter egg, and that detachment keeps the whole thing from being too over the top. There are a few places, though, where Cline indulges his inner geek, but I found that I liked the mash-ups, in all their various forms: Id had it only a few weeks now, but my time-traveling, Ghost Busting, Knight Riding, matter-penetrating DeLorean had already become my avatars trademark. Most Disturbing Plot Twist Jamrachs Menagerie by Carol Birch This novel gained a lot of attention earlier this year when it was short-listed for the Booker Prize. It tells the story Jaffy Brown, a young boy who must work hard to provide for himself and his mother. He works for Mr. Jamrach, an importer of exotic animals, and his job takes him aboard a whaling ship in search of a dragon. It is a journey that he only barely survives, and that is where the disturbing plot twist comes into play. There is a shipwreck, and I expected them to find their way to some remote island. I thought it would be something like a 19th century Lord of the Flies. Instead, it is more like the Donner Party at sea. It makes quite an impact on the reader-and on Jaffy Brown. Watching him come to grips with what he has been through once he returns home is what makes the horror of his journey bearable for the reader. Most Original Alternate History Queen of Kings by Maria Dahvana Headley This is not the first time that Cleopatra has served as the inspiration for a novel, and I am sure that it will not be the last. Authors turn to her because of the epic quality of her story. She was a powerful and influential ruler. She had romantic relationships with some of the worlds most powerful men, a move that some consider a sign of a shrew political mind. For others, it says that she was a hopeless romantic. Headley considers both alternatives. In her story, love is Cleopatras motivation for doing all the things that she does and for becoming the creature that she becomes. The political savvy is there, too, but it is soon clouded by her desire to recover what has been lost. This is a side to Cleopatra that no one has ever seen before. It gives all new meaning to Hell hath no fury. Best Opening Line When She Woke by Hillary Jordan When she woke, she was red. As a sentence, maybe it doesnt seem all that special. The thing that makes it work is the story that it introduces. The thing that makes it amazing is the last sentence of the novel. I do not think that I have ever felt so supremely satisfied by a pair of sentences. If you were to read them both, you would know that the story that falls between them is one of change. The world is being shown to be something other than what Hannah Payne has always thought it to be. To survive in it, she must change her attitude and her way of thinking. She has to become a whole new person. The end result is more than worth the struggle She woke, and she was herself. Most Beautifully Ambiguous Ending Galore by Michael Crummey Many of the people who read this novel are just not sure what to make of the ending. It seems fairly straight forward. A soldier strips down and allows himself to fall into the ocean from the deck of a ship. He does this as a humpback whale breaches nearby and while he is thinking of a girl back home. The problem is that the reader is not entirely sure who this soldier is. Is it Judah, who arrives in Paradise Deep in the Belly of a whale then disappears without a trace many, many years later? Or is it his great-grandson, Abel, who goes off to war with thoughts of the woman he loves in his head? I know what I think happened, but, to be honest, I am happy with either ending. Either way, the story comes full circle. __________________________ Cassandra Neace teaches college students how to write essays and blogs about books and book-related goodness at Indie Reader Houston. Follow her on Twitter: @CassandraNeace Sign up to Unusual Suspects to receive news and recommendations for mystery/thriller readers.
Thursday, May 21, 2020
Short Paper: Employment Law Southern New Hampshire UniversityIdentification of the Laws Pertinent to the Case While discrimination in the workplace based on sex, race, national origin, and other such characteristics can certainly lead to wrongful termination, those types of claims are usually classified as a separate legal topic known as Title VII law (because they are based on protections found in Title VII of the Civil Rights Act of 1964). Companies may not terminate their employee because of their nationality, color, race, gender, religion, age, disability, or pregnancy. For the most part, companies have policies set up to which they must abide to when wanting to terminate an employee. The employment status of the employeeÃ¢â¬ ¦show more contentÃ¢â¬ ¦Those who believe they may have a claim for wrongful termination must first understand that statutes of limitation apply to these cases. Statutes of limitation are rules regarding how much time may pass between an employeeÃ¢â¬â¢s discharge and the initiation of a lawsuit. Thus, by waiting to speak with an attorney, claimants may become in eligible for relief. Furthermore, it is often necessary to submit a claim to the Equal Employment Opportunity Commission (EEOC) before filing a lawsuit. These and other procedural issues can become problems for anyone unfamiliar with wrongful termination law. As with any complex legal matter, retaining an attorney is highly recommended (HG, 2017).As stated previously the law requires ABC Corporation to sensibly suit an employees religion or religious practices. With the exception that if the accommodations acquired to respect and meet the employees religious needs would significantly negatively impact the needs of the business. However, no accommodations were made for Kareem to meet the needs of his religion. Identification of Accountable Audience For this case study, both Kareem and ABC Corporation ought to be responsible for the potential legal failures as there was room for both parties to prevent the results of this situation. One of the issues presented in this case begins when Kareem did not reveal hisShow MoreRelatedAdvancing Effective Communicationcommunication, Cultural Competence, and Patient- and Family-Centered Care Quality Safety Equity53293 Words Ã |Ã 214 PagesAssociate Project Director, Division of Standards and Survey Methods, The Joint Commission Isa Rodriguez, Project Coordinator, Division of Quality Measurement and Research, The Joint Commission Mara Youdelman, J.D., L.L.M., Senior Attorney, National Health Law Program Project Advisors Maureen Carr, M.B.A., Project Director, Division of Standards and Survey Methods, The Joint Commission Amy Panagopoulos, R.N., M.B.A., Director, Division of Standards and Survey Methods, The Joint Commission Robert WiseRead MoreFundamentals of Hrm263904 Words Ã |Ã 1056 PagesYour WileyPLUS Account Manager Training and implementation support www.wileyplus.com/accountmanager MAKE IT YOURS! Fundamentals of Human Resource Management Tenth Edition David A. DeCenzo Coastal Carolina University Conway, SC Stephen P. Robbins San Diego State University San Diego, CA Tenth Edition Contributor Susan L. Verhulst Des Moines Area Community College Ankeny, IA John Wiley Sons, Inc. Associate Publisher Executive Editor Senior Editoral Assistant Marketing ManagerRead MoreProject Mgmt296381 Words Ã |Ã 1186 PagesEdition Project Management The Managerial Process Fifth Edition Erik W. Larson Oregon State University Clifford F. Gray Oregon State University PROJECT MANAGEMENT: THE MANAGERIAL PROCESS Published by McGraw-Hill/Irwin, a business unit of The McGraw-Hill Companies, Inc., 1221 Avenue of the Americas, New York, NY, 10020. Copyright Ã © 2011 by The McGraw-Hill Companies, Inc. All rights reserved. No part of this publication may be reproduced or distributed in any form or by any means, orRead MoreManagement Course: MbaÃ¢Ëâ10 General Management215330 Words Ã |Ã 862 PagesThird Edition ReedÃ¢ËâLajoux and others . . . This book was printed on recycled paper. Management http://www.mhhe.com/primis/online/ Copyright Ã ©2005 by The McGrawÃ¢ËâHill Companies, Inc. All rights reserved. Printed in the United States of America. Except as permitted under the United States Copyright Act of 1976, no part of this publication may be reproduced or distributed in any form or by any means, or stored in a database or retrieval system, without prior written permission of the publisherRead MoreProject Managment Case Studies214937 Words Ã |Ã 860 Pagespaper. @ Copyright O 2006 by John Wiley Sons, Inc. All rights reserved. Published by John Wiley Sons, Inc., Hoboken, New Jersey Published simultaneously in Canada No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, scanning, or otherwise, except as permitted under Section 107 or 108 of the 1976 United States Copyright Act, without either the prior written permission of the PublisherRead More_x000C_Introduction to Statistics and Dat a Analysis355457 Words Ã |Ã 1422 PagesIntroduction to Statistics and Data Analysis This page intentionally left blank Introduction to Statistics and Data Analysis Third Edition Roxy Peck California Polytechnic State University, San Luis Obispo Chris Olsen George Washington High School, Cedar Rapids, IA Jay Devore California Polytechnic State University, San Luis Obispo Australia Ã¢â¬ ¢ Brazil Ã¢â¬ ¢ Canada Ã¢â¬ ¢ Mexico Ã¢â¬ ¢ Singapore Ã¢â¬ ¢ Spain Ã¢â¬ ¢ United Kingdom Ã¢â¬ ¢ United States Introduction to Statistics and Data Analysis, Third Edition RoxyRead MoreLogical Reasoning189930 Words Ã |Ã 760 Pagesupdated: April 26, 2016 Logical Reasoning Bradley H. Dowden Philosophy Department California State University Sacramento Sacramento, CA 95819 USA ii iii Preface Copyright Ã © 2011-14 by Bradley H. Dowden This book Logical Reasoning by Bradley H. Dowden is licensed under a Creative Commons AttributionNonCommercial-NoDerivs 3.0 Unported License. That is, you are free to share, copy, distribute, store, and transmit all or any part of the work under the following conditions:Read MoreMarketing Mistakes and Successes175322 Words Ã |Ã 702 PagesCleveland State University JOHN WILEY SONS, INC. VICE PRESIDENT PUBLISHER EXECUTIVE EDITOR ASSISTANT EDITOR PRODUCTION MANAGER PRODUCTION ASSISTANT EXECUTIVE MARKETING MANAGER ASSISTANT MARKETING MANAGER MARKETING ASSISTANT DESIGN DIRECTOR SENIOR DESIGNER SENIOR MEDIA EDITOR George Hoffman Lise Johnson Carissa Doshi Dorothy Sinclair Matt Winslow Amy Scholz Carly DeCandia Alana Filipovich Jeof Vita Arthur Medina Allison Morris This book was set in 10/12 New Caledonia
Wednesday, May 6, 2020
Risk Management: Processes In project management, a Ã¢â¬ËprocessÃ¢â¬â¢ is a series of steps taken to get from point A to point B while, Ã¢â¬ËriskÃ¢â¬â¢ identifies issues that may arise and cause a project to fail. Ã¢â¬Å"Risk management is the means by which uncertainty is systematically managed to increase the likelihood of meeting project objectives.Ã¢â¬ (Verzuh, pp. 99, 2012). Project managers need to take the lead when developing and training the team but, also chose wisely when planning, identifying, mitigating, and controlling risk. Risk management is a system of tools used to keep a project on track should problems occur. The following six processes; planning, identifying, performing qualitative and quantitative analysis, responses, and controlling have been identified for managing risk in project management. Risk planning During the planning process, the project team needs to identify probable issues that may arise in the future of the project while, developing a response plan and dedicate needed resources to mitigate issues before the project fails. The team needs to review documents inputs such as the project charter, project plans, assets, and environmental factors. The project team then uses analytic techniques or tools, expert judgment and meetings to develop a risk management plan. Ã¢â¬Å"Risk is always present and spans all parts of the project both external as internal, and therefore it does affect other constraints.Ã¢â¬ (Wysocki, pps 13-14, 2014). It is also important to note toShow MoreRelatedEssay about Fbi Case Study1297 Words Ã |Ã 6 PagesSummary 3 Project Overview 3 The key issues related to the failure of the project: 4 Resolution 4 Relevance to IT Project Management: 5 Key Takeaways: 7 Research Approach 7 References 8 Executive Summary: The Ã¢â¬Å"Who Killed the Virtual Case File?Ã¢â¬ case study is a clear example of project failure which resulted on not only balloon the cost of the project, but also loss that could be counted on millions of dollars. Because of the size of the project and the failure of the project, it isRead MoreRisk Analysis Case Study Synaptic Essay1377 Words Ã |Ã 6 PagesAnalysis of Risks Introduction: Synaptic is a bio technology company that uses a combination of both Information Management (IM) and biological research to develop drugs based on proteins and peptides. Synaptic is comprised of a large Information Management department which consists of multiple divisions within the department. Each division within the IM is in charge of communications and computer systems services, in particular research, manufacturing and infrastructure. The companyRead MoreProject Management in Bangladesh - Term Paper1639 Words Ã |Ã 7 PagesProject Management - Overview Common misconceptions about Project Management Here are some questions we hear frequently that demonstrate a misunderstanding of project management: What does the project manager do? Why doesnt the project manager do some of the work? Why dont we make our top specialist the project manager? Why does the project manager need a support team? Isnt this all an unnecessary overhead for the project? Project management is a specialist discipline. In a wellRead MoreThe Global Expansion Project Is For T Mobile1376 Words Ã |Ã 6 PagesRisk Management Breakdown Structure The global expansion project is for T-Mobile to expand its supply base into China in order to be successful in the global economy. Recognizing what the available alternatives are available when identifying risk can be beneficial to the project since the methods utilized can be easily accomplished. The responses for each identified risk may have an effect on the other areas with the project overall. The responses also assist in determining how reactive or proactiveRead MoreRisks in a Home Building Project1486 Words Ã |Ã 6 Pagesof Risks Associated With Estimating a Home Building Project Michael T Bell PMAN 637 Originality Score 6% A Review of Risks Associated With Estimating a Home Building Project Introduction In building and construction, there are risks associated with estimating a home building project. These risks in construction are all the same across the board regardless the construction. Therefore, a home building projects is confronted with the same risks asRead MoreProject Management Body Of Knowledge Industry Standards1576 Words Ã |Ã 7 PagesThank you for giving me the opportunity to work with your organization and engage with the team of the software development project. As agreed, I have examined the strengths and weaknesses of the project and analyzed the main factors that contribute to the current state of project. My independent assessment of the project and practices related to it is based on the Project Management Body of Knowledge industry standard and is grounded in information that I have gathered from team members. The purposeRead MoreUnrealistic Schedules And The Toc With Project Management1423 Words Ã |Ã 6 PagesUnrealistic schedules and the TOC with project management. Using the TOC in conjunction with the best practices of project management (TOC PM) is a methodical holistic systems approach to integrating stakeholders, products, and processes that must be completed to meet project objectives (Goldratt Cox, 2004). The TOC PM was introduced in the late 1970Ã¢â¬â¢s and later adopted into project management as a methodology in 1997 (Goldratt Cox, 2004; Leach, 2005). The TOC PM is viewed as a method thatRead MoreThe Responsibilities Involved With The Project Management1371 Words Ã |Ã 6 Pagesdescribes in brief the responsibilities involved with the project management. It also states the minimum educational qualification, skills, certifications needed and the salaries given to people in this role in todayÃ¢â¬â¢s world. Keywords: [Click here to add keywords.] University of Houston Clear Lake A project is basically an assignment which has a definitive start and end times. It is a task undertaken to create a product or a service. Every project usually performs a unique set of operations which is performedRead MoreAnalyzing The Root Causes Of Risk Mismanagement1506 Words Ã |Ã 7 PagesAnalyzing the Root Causes of Risk Mismanagement Introduction According to Kendrick (2009, p. 17), roughly 75 percent of projects fail when project teams refuse to adopt some form of risk monitoring and control. Ken Black (1996), an associate professor of decision sciences, published an article listing twelve factors that contribute to the failure of projects. The article highlighted risks, as one of the factors that can negatively affect project constraints (Black, 1996). A risk, as defined by KendrickRead MoreAnalysis Of Project Management Process Group1599 Words Ã |Ã 7 Pagesthat as each of these processes are being done; it could bring new insights into the project which may require some of the previous created project documents to be updated. The processes in the Planning Process Group may be repeated or re-addressed several times as the project progresses. It is also important to note that the outputs of certain processes serve as inputs to other processes within the Planning Process Group. Among all the Process Groups within the proj ect management process, the Planning
Clean up the air- To get rid of doubts or hard feelings. All right, letÃ¢â¬â¢s discuss this frankly. ItÃ¢â¬â¢ll be better if we clear the air. We will write a custom essay sample on Back to the Future and Idioms Sabrina Ramos or any similar topic only for you Order Now 2. Keep at armÃ¢â¬â¢s length- To keep at a distance; not to allow to come into close contact. 3. Have ones back on the wall- to have very serious problems which limit the ways in which you can act. With rising labor costs, industry has its back to the wall. 4. Bend over backwards- To betray someone. I wish you would not gossip about me. There is no need to stab me in the back. 5. Kill two birds with one stone- To solve two problems at one time with a single action. John was killing two birds with one stone while he learned the words to his part in the play while peeling potatoes. 6. Bite the hands that feed you- to treat someone badly who has helped you in some way. Leaving the company atter theyÃ¢â¬â¢ve spent three years training you up Ã¢â¬â i biting the hand that feeds you. 7. Once in a blue mood- very rarely. My sister lives in Alaska, so I only get to see her once in a blue moon 8. Break the ice- To attempt to become friends with someone. He tried to break the ice, but she was a little cold. . Out on a limb- If you go out on a limb, you state an opinion or you do something which is very different to most other people. I dont think weÃ¢â¬â¢re going out on a limb in claiming that global warming is a problem that must be addressed. 10. My lips are sealed- I will tell no one this secret or this gossip. I promise I wonÃ¢â¬â¢t tell anyone, my lips are sealed. 1 . Read between the lines- to infer something; to try to understand what is meant by something that is not written explicitly or openly. After listening to what she said, if you read between the lines, you can begin to see what she really means. 12. Have two left feet- to be very awkward with oneÃ¢â¬â¢s feet. (Often refers to awkwardness at dancing. ) IÃ¢â¬â¢m sorry, I canÃ¢â¬â¢t dance better. I have two left feet. 13. With no strings attached- Unconditionally; with no obligations or conditions attached. My parents gave me use of their car without any strings attached. 14. A drop in the ocean- a very small amount in comparison to the amount that is needed. A hundred thousand may seem a lot but itÃ¢â¬â¢s a drop in the ocean compared to the millions that need to be spent. 15. Turn the tables- To change a situation so that someoneÃ¢â¬â¢s position is the opposite of what it was She urned the tables by playing a better game and recently has won most of her matches. 16 Hold ones tongue- To refrain from speaking; to refrain from saying something unpleasant. I felt like scolding her, but I held my tongue 17. Steal (someoneÃ¢â¬â¢s) thunder- To do something that takes attention away from what someone else has done I kept quiet about my pregnancy because Cathy was getting married, and I didnÃ¢â¬â¢t want to steal her thunder. 18. Know the ropes- knowledge of how to do something; how to work something IÃ¢â¬â¢ll be able to do my Job very well when I know the ropes. 19. Call the shots- To decide on the course of action; to be in charge. Sally always wants to call the shots, and Mary doesnÃ¢â¬â¢t like to be bossed around. 20. How to cite Back to the Future and Idioms Sabrina Ramos, Papers
Saturday, April 25, 2020
As money market is very important to the financial system, especially the economic growth, there is need to review and understand the changes in the money market so that the right responses can be given while confronting with the financial crisis. The objectives of this project are to review the money markets and the securities in Malaysia and to understand an importance of money markets that affect the economic growth. Firstly, the purpose of the existence money market and its cost advantage is discussed. Next, the money marketÃ¢â¬â¢s instruments are reviewed. The money marketÃ¢â¬â¢s instruments include treasury bills, Bank Negara funds, Repurchase Agreement, Negotiable Certificates of Deposit and BankerÃ¢â¬â¢s Acceptance. Those money marketÃ¢â¬â¢s instruments are essential to volatile the liquidity of financial status in Malaysia. In addition, the money market securities are compared using the interest rates as the interest rates are the key factor to stimulate or constrain the economic activities. We will write a custom essay sample on Money Market or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page The significant of this study is to make a deep understanding of the money market in Malaysia. This study can help the finance students to learn more about the relationship between the money market and the economic growth. It is very useful when involving in the businesses of money market. Based on the study, we can see that there is vital to have money market securities in helping the economic growth. Different money market securities can help to provide a low-cost source of funds to the firms, government and especially to the intermediaries instead of depend on the banks only. Money market is a market for trading short-term, low risk securities such as commercial paper, treasury bills, bankersÃ¢â¬â¢ acceptances, and negotiable certificates of deposits. The market is made up of dealers in these securities who are linked by electronic communications. The most important function of a money market is to provide a means whereby economic units can quickly adjust trough cash positions. For all economic units (business, households, financial institutions, or governments) the timing of cash inflows is rarely perfectly synchronized or predictable in the short run. According to the data provider Morningstar Asia Ltd, money market Ã¢â¬â linked funds registered for sale in Malaysia were the best performing asset type in comparison with commodity and equity funds for the year ended October 31. On average, money market funds delivered positive returns (2. 19%) over the period compared with commodity and equity-linked funds, which registered negatives returns. Morningstar told Star Biz that as a result of the uncertain global economic climate, investor risk appetites has been sharply reduced. Higher risk asset classes, such as equities and commodities, typically performed poorly in such an environment, while perceived safe harbors- such as money market linked-funds- generally did better. Furthermore, OSK- UOB Unit Trust Management Bhd. and Meridien Asset Management Sdn. Bhd. had invested in short-term commercial paper with top credit quality, hence sheltering it from the volatility associated with the bond market and to preserve capital and to generate consistent income streams. In addition, Managing director Nicholas Ng of Meridien Asset Management Sdn. Bhd. xpected that the stability to continue in the money market, given recent steps taken by Bank Negara to strengthen confidence in the financial system. Also, current account surplus and ample liquidity in the banking system should continue to provide support for the money market. In conclusion, short-term rates on the Malaysian money market remained steady at the opening despite continued ample liquidity in the system as Bank Negara Malaysia intervened to check excess liquidity in the system. On October 23, Bank Negara Malaysia (BNM) today estimated an aggregate surplus of RM 4. 4 billion, of which conventional operations accounted for RM1. 658 billion while Islamic funds made up for the remaining RM2. 781 billion. 3. 0 MONEY MARKET 3. 1 Why do we need money market? In theory, the money markets should not be needed. The banking industry exist primarily to provide short term loans and to accept short term deposits. Bank should have efficiency advantage in gathering information, an advantage that should eliminate the need for the money markets. Banks should be able to offer loans more cheaply than diversified markets, which must evaluate each borrower every time a new security is offered. The banking industry exists primary to mediate the asymmetric information problem between saver-lenders and borrower-spenders, and banks can earn profits by capturing economies of scale while providing this service. However, the banking industry is subject to more regulations and governmental costs than are the money markets. In the situation where the asymmetric information problem is not severe, the money markets have a distinct cost advantage over banks in providing short term funds (Mishkin, S. F, Eakins G. S, 2009). 3. 2 Money market cost advantage Banks must put aside a portion of their deposits in the form of reserves that are held without interest at the Bank Negara. Thus, a bank may not be able to invest 100% of every ringgit it holds in deposits. This means that it must pay a lower interest rate to the depositors than if the full deposit could be invested. Interest rate regulations were a second competitive obstacle for banks. One of the principal purposes of the banking regulations in the 1930s was to reduce competition among banks. With less of competition, regulators felt, banks were less likely to fail. The cost to consumers of the greater profits banks earned because the lack of free market competition was justified by the greater economic stability that a healthy banking system would provide. One way that banking profits were assured was by regulations that set a ceiling on the rate of interest that banks could pay for funds (Mishkin, S. F, Eakins G. S, 2009). 3. 3 The Purpose of Money Markets Money market securities are usually sold in the large denominations. Normally the amount is exceeding than RM1, 000,000. The main participants in this area are Bank Negara Malaysia, Commercials banks, finance and investments firms and also rich individuals. Normally, the money market has lower default risk. This is because it matures in one year and less depending on those types of instruments. Nowadays, the money markets are established in order to save the surplus funds in that party holds and they do not want to use it yet. Hence, it will give a higher return for an individual who is save their money in this market area. This return is not as high as an individual can get if they are purchasing the bond. But, it is high if we compare the value that an individual can get if they hold the money by their own or simply deposits the money in any banks around this country or around the world. The money market also acts in between because it is not risky and safer and at the same time it gives additional amount towards the surplus money. It is the place where an individual avoid from riskier investment by purchasing the bonds. As we know, bonds are very risky investment even though it gives higher interest rates to the bondholders. Besides, money market also is established to provide a low-cost source of funds.