Summarize the teaching and work on application from the Bible, book 1 Research Paper

Summarize the teaching and work on application from the Bible, book 1 Timothy (only chapter 1) - Research Paper Example At issue are the men who are straying from the gospel of salvation by faith in Christ Jesus. Paul’s treatment of doctrinal issues related to the law are more fully expounded in Romans and Galatians (and assuming he is the author, the book of Hebrews), but he uses a short discussion of the Law as a springboard to shift the discussion to its proper place, salvation by faith. â€Å"Christ Jesus came into the world to save sinners, among whom I am foremost of all. And yet for this reason I found mercy, in order that in me as the foremost, Jesus Christ might demonstrate His perfect patience, as an example for those who would believe in Him for eternal life.† (1 Tim 1:15-16) In other words, if Paul can find salvation in Christ, he who persecuted and killed believers, anyone can. Starting in verse 4, Paul explains the goal of pastoral care: â€Å"†¦furthering the administration of God which is by faith.

Marriage and Dowry Essay Example for Free

Marriage and Dowry Essay Woman a daughter, a sister, a wife and a grandmother, throughout her life she dreams of having a wonderful life, a life to see to it that her marks in the school will make her parents happy, a life to see to it that her husband stays healthy, a life to see to it that her children study for their exams and a life to die seeing others happy. She cares for others, more than herself, then why we see her so much vulnerable in every moment of her life. So many issues to talk about women, rape being the most popular issue on women in the present time, almost all the women, in India, are vulnerable to this offence. But just like rape, the dowry system has affected the women psychologically, physically and emotionally. The dowry system kills her like a slow poison. The custom of dowry, in India, has spread through the hierarchy of social stratification. Several feminists suggest that the practice was initially adopted by the upper castes, then over a period of time it has been passed down into lower castes, and eventually reaches the untouchables, the outcasts. As the sociological studies suggests, often lower groups intend to copy there dominant group in there society. India ranks 136, in Human Development Index, among 187 counties around the world. This show, the people in India are in very bad condition and more than half of the population lives in poverty. The reason for poverty in India, if we look historically, it is because of the caste system, which restricted half of the population, in India, to develop, as even in present time 66% of Dalits are poor, and if we look in present time, education has deprived the poor from getting a better standards of living. It is these poorer sections as well as the middle class of our country who, not being educated and having good standard of living are still governed by old customs and traditions and continue to practise the dowry system, were in the name of gifting the groom the bride’s family is put into debt. But even in many rich families too, this system is being followed, even though they are well educated. The sums of cash and goods involved, as dowry, are often so large that the payment can lead to vicious cycle of debt in the bridal family. This has a very bad effect on the lives of unmarried women who are considered as economic liabilities by their parents, this leads to preference of boy over girl, leading to female infanticide and among the married women; they are physically and mentally harmed by their husbands and his family members, if promised dowry are not forthcoming. Modernization in India has became a barrier to many customs to be continued, like the caste system, the child marriage etc. but modernization has also lead to increase in practise of certain customs which were restricted to certain communities, as mentioned above. When we see caste, dowry and modernization, they are all inter linked with each other. With modernization, individual is not restricted to do his caste occupation and has chances to have good standard of living. Since new income and earning opportunities, brought about by modernization, are predominantly filled by men, there price tag of dowry increased. After analysing the historical developments of dowry system among the people in India, who are governed under Hindu law, now let us look at the Muslims, who are the 2nd largest population in India. Despite the fact that Islam’s beauty lies in simplicity and it recommends simple marriage, some transgressions such as dowry have crept into Muslim society in a wide range. When we look through Quran, we come across â€Å"Mahr†. According to â€Å"mahr† it is a mandatory payment, in the form of money or possessions paid by the groom, or by grooms father, to the bride at the time of marriage that legally becomes bride’s property. But as time has passed by, Muslims have changed their character and are following their Hindu counterparts in demanding and offering dowry both, in heavy cash and kind. The competition among the rich and well-to-do section of the Muslim community to reserve a good match for their daughters for whatever the demand is, has increased. Education has hardly has any influence on the minds of the people in respect of dowry. On the contrary, a highly educated man expects a higher amount of dowry, just as it happens among the Hindus. The violence committed on women, for dowry, has increased in recent times. If we observe properly, as to why this dowry violence takes place, we can see a broader picture. The reason for dowry is mainly because the women are seen as less productive than man, concept of dowry itself shows that one’s gender determines one’s worth. The roots of this deficiency can be seen were even a bride, who may be well educated and earning than her husband, will still have to pay the dowry price, just like the other bride who is not educated and not earning. And in some instances too, were even if demands for dowry were to be satisfied fully, young women would continue to face torture and harassment in their in-laws homes because of women’s custom-sanctioned-inferiority. Dowry deaths are example of patriarchal authority. In some cases, the patriarchal authority expresses itself by murdering the young women by burning with kerosene (most frequent in urban areas) or drowning (common in rural areas). Other methods employed to murder include poisoning and physical battery. These facts and historical development shows that it is because of the disrespect and uncultured behaviour that we show towards women, has lead to female infanticide, uneducated girls, sexual harassment, dowry system, heavy debt in bride’s family and domestic violence. Let us all respect women, and treat them has equals, because only this solution, will lead to abolishment of many social evils against women.

Marketing Plan for Tylenol

Marketing Plan for Tylenol Tylenol is a North American subsidiary brand of drugs under the parent company Johnson Johnson. Tylenol is advertised to help relieve pain, reduce fever, and relieve symptoms of cold, flu, sinus, arthritis, and allergies. It has become a trusted brand that parents turn to, to help relieve common ailments their children may suffer from. As a result, Johnson Johnson has gained immense respect from consumers everywhere due to the reliability and safety of their products. However, due to a series of ongoing recalls in the past couple of years, Tylenol has been suffering tremendously. Within the past year over five Tylenol product lines have been recalled: the cold liquid products, 8-hour caplets, extra strength Tylenol, Tylenol PM products, Childrens Tylenol, Childrens Meltaway Tylenol, and Infants Tylenol. There have been many more recalls by Johnson Johnson for their other brands-such as Benadryl and Mylanta-but so far, Tylenol has had to recall these aforementioned products, and they have stated there are more recalls yet to come. The loss of sales and more importantly, the loss of customer confidence in Tylenol is a serious cause of concern. Due to the enormity of the recalls, regaining goodwill seems difficult without creative marketing. Also, this is not like the 1982 recalls, where numerous deaths were caused by an unknown assailant who injected cyanide in the Tylenol bottles. Johnson Johnson was fortunately able to recover 92% of lost sales through the revolutionary creation of tamper proof bottles. And this helped them expand with 250 operating companies in 60 countries with annual revenues near $62.5 billion. By May 2010, however, Tylenol was forced to issue numerous recalls for their Arthritis Relief caplets and Childrens Tylenol products. The FDA confirmed the moldy odor coming from the bottles was due to a bacteria that was known to be resistant to common antibiotics. The high-quality, reliable family product has now been tainted due to a lack of quality control in various manufacturing plants. And the FDA investigations have only brought more attention to the internal quality errors. Since Johnson Johnson is losing millions of dollars each month due to lost sales and factory updates, it is imperative for Johnson Johnson to improve its brand image and regain consumer confidence. Through intense ad campaigning Tylenol can educate consumers about the quality improvements and portray Tylenols actions as highly responsible. Also, all internal quality control measures can be indicated on the bottles of all Tylenol products. Consumers have an increasing need to know where their medicines come from and Tylenol can provide that information and sense of security to their consumers. By providing a serial number on all products, Tylenol can allow consumers to go online and see where their products are made. Consumers can take part in the quality control aspect by providing pivotal information regarding the performance in each of their factories. This system will allow Tylenol to understand how well each factory performs and what, if any, changes need to be made. Although internal quality control changes need to be made within the company, Tylenol must simultaneously work on improving its brand image among consumers. By building strong consumer confidence, Tylenol can recover the sales it lost as a result of these recalls. 2.0 Situation Analysis McNeil Consumer Healthcare-the consumer drug division of Johnson Johnson and makers of Tylenol-has been caught up in a series of product recalls since late 2009. For a company that has been known for above average quality, this is a major setback to the companys image as their quality control and internal practices have been called into question by federal regulators as well as consumers and industry analysts. In an effort to counteract this issue, William C. Weldon, CEO, has made several public statements and appearances to quell consumers fears and describe the steps being taken to correct this issue. 2.1 Market Summary The McNeil line of consumer healthcare products are utilized by people of all ages from infants to senior citizens and includes various well known, over the counter names including Tylenol, Rolaids, Benadryl, and Motrin. Each is a top brand in its field and has had a nearly flawless quality record. The company allows its divisions a large degree of autonomy, which protects the others from being affected by any adverse situations within their sister companies. The current issue of quality concerns and recalls started with a 2009 incident concerning Motrin ibuprofen. McNeil held a phantom recall when they noticed the product had slightly defective dissolving properties and was bought back from stores by hired private companies. In this situation, no formal recall notice was distributed and the buy backs were handled quietly without bringing attention to the issue. It was stated by Johnson Johnson that there was no safety risk, which is why they handled the situation in this matter. In 2010 however, Johnson Johnson began to receive complaints that a musty, moldy smell was emanating from bottles of its over the counter medications which was making consumers sick with symptoms that included nausea, vomiting, diarrhea, and stomach pain. Furthermore, the company found that several of their pediatric medicines contained too much of an active ingredient or foreign material. This led to a voluntary recall of 136 million bottles. Due to this decrease in product quality, Colleen Goggins, the senior executive in charge of the McNeil line, tendered her resignation from Johnson Johnson in an effort to provide consumers with a visible solution to their woes about Johnson Johnsons quality control. In addition, a production facility in Fort Washington, Pennsylvania and another in Puerto Rico have been closed down due to poor quality standards and are currently being updated to meet FDA standards. 2.2 SWOT Analysis Strengths For decades, Johnson Johnson was the leader in quality control. Their products and customer service had always been top notch and consumers have always trusted them. In light of the McNeil recalls, Johnson Johnson can recognize the following as positives in their business: Customer Service To handle the influx of customer questions and concerns regarding recent recalls, Johnson Johnson has set up a comprehensive section on their website dedicated to explaining the details behind each recall as well providing a FAQ list, dedicated phone lines, and email addresses. Review of Manufacturing Operations Johnson Johnson is publicly admitting to performing an internal shake-up of their manufacturing operations to ensure that all production facilities maintain the quality standards they have been known for in years past. In addition, quality control has been moved from individual centers to a centralized office. This will help build conformity among all of their products by upholding a specific product standard. CEO William C. Weldon His public admission of internal error and promise to restructure the company to fix their quality issues indicates that he understands the public concern and loss of good will that will result from this. He admitted to letting his customers down and resolved to make sure Johnson Johnson does not face poor quality issues again in the future. Company History  ­Ã‚ ­- Johnson Johnsons handling of the 1982 cyanide crisis is still considered the ideal way to deal with a disaster. The media, industry analysts and consumers alike all lauded the company for its speed, efficiency and honesty for the recall and their high involvement in the criminal investigation. Johnson Johnsons comeback was made possible due to regaining consumer trust during the crisis. This history can serve as a support for Tylenols current crises and provide a platform for them to make another comeback. Weaknesses Several actions as well as the sudden decline in quality are a huge blow to the image of Johnson Johnson. These areas include: Slow Reaction time to Consumer Complaints FDA documents have shown that when the initial reports of moldy odors came to Johnson Johnson, no action was taken to rectify the problem. This indicates a lack of acknowledgement of a potentially serious issue and not grasping the gravity of the situation. Violation of Manufacturing Standards FDA inspectors have found that since 2001, several manufacturing issues have come into play including drug mix-ups, lack of training, incomplete investigations of complaints, and failure to determine the cause and solution to problems. Unsavory Recall Practices In their attempt to confront the quality issue with Motrin in 2009, Johnson Johnson simply sent a hired group to buy back available products in all retail establishments rather than conduct a formal recall. This has come under contention from the FDA as an unsound practice since it did not properly notify individuals of a potential issue. This completely counteracts Johnson Johnsons highly responsible and reliable brand image and makes consumers feel they will continue to hide important information from its consumers. Johnson Johnson has since admitted to making a poor decision in this situation. Resignation of Colleen Goggins With the tendering of Goggins resignation from the company, Johnson Johnson will be losing the long term institutional knowledge she possesses. Having been with the company since the 1980s, Goggins has overseen and controlled several strong product groups that will now be subject to new leadership and potentially a new method of management. This can cause problems down the road if the new division head isnt as strong as Goggins and could lead to excessive turnover in that position if they cannot do the job as well as Goggins had to this point. Opportunities Although currently under fire from the FDA, business analysts and consumers, Johnson Johnson can identify several areas in which they can regain their image of quality: Analysis of Facilities and Stability Testing As Johnson Johnson overhauls its quality process and revamps its manufacturing practices, they can once again position themselves as an industry leader in quality who cares for consumer well-being. If they publicize their actions to right these wrongs, their consumer base will see that their dedication to quality remains resolute. Customer Service Portals By creating a comprehensive website dedicated to recall information and quality concerns, Johnson Johnson shows that even after a misstep, they still recognize the importance of customer needs. By quickly reestablishing their presence on retail shelves with new batches of recalled medicines, Johnson Johnson shows their dedication to providing customers with the medicine they need to maintain their health. Creation of New Bottles Johnson Johnsons creation of the tamper- resistant bottles became an industry standard after the 1982 crisis. Sales were able to bounce back as more consumers started to trust Tylenol again, and Tylenol gained a competitive advantage through this innovation. By creating new bottles with the Q.C. Passed label and the plant serial number on them, Tylenol can do gain that product differentiation it needs from its competitors and generic brands alike. Threats Recalls and FDA investigation will seriously impact Johnson Johnsons image. In addition, their structure and quality control have become an area that has suddenly turned sour. Loss of Goodwill ­ Since Johnson Johnson had been a quality leader for so long; recalls of their medication will lead to a loss of consumer trust in their products. As a result, they will lose profits on these products as customers may turn to generic brands, which cost less and provide the same benefits as the name brand. Also, customers will be hesitant to go back to a product that they feel they can no longer trust. Representative Darrell Issa As a member of the House Committee on Oversight and Government Reform, he is an outspoken critic of the FDA and Johnson Johnsons recent actions and promises to watch this issue closely to ensure both groups correct and maintain higher standards in their practices. This can result in harsher terms against Johnson Johnson if their quality does not improve as Issa may push for the FDA to enforce stricter penalties. Competitors and Bad Publicity Competitor brands such as Advil are now exploiting Tylenols current quality issues through their ad campaigns and many loyal Tylenol users are turning to other brands. Advils recent ad campaigns urge customers to trash the recalled products and try Advil free of charge. The ads are directly aimed at converting Tylenol users to Advil. Triaminic-which competes with Childrens Tylenol-is also offering their Fever Reducer Pain Relief medicine for free as part of its launch of their new line extension. This negative campaigning will surely deter Tylenols ability to maintain consumer loyalty, and will hinder further progress if consumers start preferring competitor brands over Tylenol. 2.3 Competition With many of their products no longer being protected by government patents, Johnson Johnson faces increased competition from generic producers. Charging lower prices and providing the same benefits as name brand medicines, if customers of Johnson Johnson brands no longer trust them, theyre likely to go to an option that they can trust. In addition, other established brands like Pfizer or Bayer could take this as an opportunity to create, release, or push their competitive products which would be seen in a more favorable light if their quality is regarded to be higher than Johnson Johnsons current standards. 2.4 Product Offering Distribution As mentioned in the Market Summary, Johnson Johnsons over the counter medicines include Tylenol, Motrin, Benadryl, and Rolaids. Their other branches include consumer products in the Baby Care, Skin and Hair Care, Wound Care, Oral Health, Womens Health, Nutritionals and Vision Care. Since they own nearly 250 companies with so many other various products including medical devices, and prescription products, any impact from the McNeil group of products will have a small impact on their overall revenue. Due to this, Johnson Johnson as a whole enjoys wide spread distribution across the United States and the world. However, since the recalls affect so many of their products, Tylenol needs to introduce a new innovation that can help with their product differentiation. Since the current problems lie in the quality control of their products, Tylenol can offer bottles with the Q.C. Passed stamp on it with a serial number indicating which manufacturing plant the bottle came from. This will provide consumers with the information they desire and it will separate Tylenol from all other brands, because they will do something highly innovative. This will also help Tylenols brand image as a responsible and honest company, and can potentially win back lost sales and consumer loyalty. 3.0 Marketing Strategy 3.1 Objectives The first and most crucial step needs to be a complete overhaul of the quality control process within the entire company. Fortunately, Johnson Johnson is already working on updating each of its factories and these internal changes will continue until every factory meets FDA standards. However, as that continues Johnson Johnson needs to take this opportunity to build confidence in the market. By creating a new system that will help consumers track their medicines, Johnson Johnson can aim to recover 70% of lost sales within the next fiscal year. And in order for Johnson Johnson to stimulate these sales, they need to do an intense ad campaign showing that they are taking full responsibility for their actions. By targeting these ads to mothers and reconnecting to their family-oriented consumers, Tylenol can see an upswing in sales. However, it is imperative that the changes in the packaging be done in conjunction with the marketing campaign to ensure a quick recovery. 3.2 Target Market Tylenol is a product that is used by everyone and is available everywhere, so its marketing campaign has to address each of these market segments. This marketing plan focuses on three segments that were affected the most by the recalls: Families with Children: Tylenol has an entire line of products geared towards treating colds and flu symptoms specifically for children. Even though the children are the users of this product, the consumer purchasing decision lies solely in the hands of the parents or guardians in that household. Parents are generally willing to spend extra for their childs well-being, so they are not swayed by small increases in price if they find the brand reliable. However, parents will also stop purchasing a product immediately if they see it as being unreliable, unsafe or in any way hazardous to their child. Working Class: The working class is the biggest consumer of Tylenols Rapid Release pills because these consumers need fast pain relief caused by daily stresses at their jobs. Since this market segment consists of hard working, middle-class members, their purchase decisions are based more on pricing. The Elderly: Tylenols arthritis medicines are aimed to help relieve pain symptoms felt by the elderly. They are generally late adopters and once they find a dependable product are highly likely to stay loyal to it. Although these recalls may not affect sales for the arthritis medications too much, it is important to portray Johnson Johnsons sense of responsibility so any new products can be easily adopted by them. 3.3 Positioning Tylenol can position itself as a responsible company that has to perform these recalls in order to protect its consumers. This positioning can be achieved by enforcing its history as a reliable company and its constant passion to help its customers. Tylenol can use its past experience with the 1982 cyanide case to remind consumers that they replied effectively to the disaster then, and are simply doing the same thing now. Even though Tylenols quality control issues are in question, it can still position itself as a company that is honest and willing to take the actions necessary to fix any internal issues it may face. 3.4 Marketing Strategies The main marketing objective is to remind consumers of Tylenols responsibility and honesty. So, the marketing strategy will focus on raising consumer awareness of the recalls and use it as an opportunity to re-penetrate the shrinking consumer market. The message Tylenol will convey is that its recalls were necessary to protect and safeguard the public from any potential hazards. By stressing the fact that the recalls are just a precaution-and no deaths or illnesses were linked to the use of these products-Tylenol can garner more consumer support. Primarily this message will be conveyed through intense ad campaigns, in magazines, newspapers, billboards, and on the Internet. It will also be the means through which the public will be alerted of when the recalled products will be back on the shelves, and it will also provide Tylenol with a way to inform the public about the new Q.C. Passed stamp on it. However, Tylenol needs to first stabilize the recall issues so they can regain consumer confidence. Once there is more stability within the company, Tylenol can start telling the public about the new bottles in order to recover lost sales. Since the Tylenol brand is ubiquitous, it is important for the ad campaigns to be seen by consumers everywhere. The use of the Internet will be especially helpful because the costs associated with it will be relatively cheap. Print media, although costly, will allow the advertisements to be read everywhere, from homes to doctor offices to grocery stores. Along with these ads, Tylenol will employ its website to inform the public of its recalls-which it already does-and it will also create a forum for customer feedback. This is another cost-effective method for Tylenol to talk honestly about the recalls and prove their responsibility. Plus, this can generate future ideas the company can use to satisfy its loyal customers. 3.5 Marketing Mix The marketing mix for Johnson Johnson will mainly consist of the relaunch of recalled products, pricing and intense advertising. The distribution portion of the marketing mix will remain the same because Johnson Johnson has a strong network of distributors and stores to reach the target markets. Products: The main change that needs to be made for the Tylenol products is the quality of them. Johnson Johnson is focusing on the quality control systems at each of its plants already, and as the products are reintroduced to the public, their quality needs to be tested thoroughly to confirm there will not be any issues again. The Q.C. Passed stamps also need to be added to the new bottles to show the public that each bottle stands up to the high quality standards set by Johnson Johnson. Pricing: The prices of each product will remain the same but as Johnson Johnson is doing already, it has to continue providing coupons for its customers. However, the main issue with these coupons is that they are available online, which is not the most practical way to distribute coupons because most people do not remember to print these coupons when they are using the Internet. Also, this is extremely problematic for the older consumers who use Tylenol Arthritis Pain Relief because they are not active Internet users. So, it is important to provide coupons in stores so consumers can use them right away. Advertising: The advertising campaigns will focus on the target markets and will remind the consumers of Johnson Johnsons responsibility. They will work to provide consumers with the peace of mind that Johnson Johnson is doing everything in its power to fix these problems. The ads are directed towards, mothers, the elderly and the working class. It is imperative to advertise anywhere and everywhere possible so Tylenol can have more control over how the recalls are portrayed in the eyes of the consumer. 3.6 Marketing Research The website will provide a way for Tylenol to have a dialogue with its consumers, so new ideas can be suggested by the users of the products. This will also provide a way for Tylenol to better communicate with its consumers and alert them of any changes in their products. Also, by providing the serial number on the bottles, Tylenol will be better able to track any issues in the quality processes based on which plant any complaints are linked to. This will shorten the time it takes Tylenol to make changes because they will be able to pinpoint issues much sooner. Lastly, it is very important to understand the full effect of these recalls in the minds of the consumers. With each of the bottles of medicine Tylenol sells, it can provide a questionnaire for the customer to fill out and send back to Johnson Johnson for a 50% coupon. Even though the coupon provides a huge discount, the information the questionnaires will provide, will estimate how much damage control Tylenol really needs to do for its brand equity. 4.0 Financials Johnson Johnsons recall of several McNeil Healthcare products will have several negative financial impacts on the companys bottom line. The most direct impact is loss of income from lost sales of recalled products. With these products being off store shelves for various periods of time, consumers will not be able to buy these products and the company will lose money. Furthermore, future sales will be lost when customers turn to competitor products and decide not to go back to Johnson Johnson products because of loss of goodwill resulting from the recalls. The estimated loss is expected to be close to $200 million. Additionally, the company will lose sales from decreased production as a result of plant closings to reevaluate quality controls in an effort to deter this situation from happening again in the future. This loss is expected to amount to almost $600 million over the course of a year. Other yet unrealized losses will come from the reconfiguring and reconstruction of the plants, retraining employees to new systems and controls, and advertising dollars that will be needed to assure the public that Johnson Johnson products are safe again and still maintain quality standard they have. 5.0 Controls In order for Johnson Johnson to regain their status in the market, they will need to ensure that they do not have a quality mishap like this again. Several steps have already been taken to rectify the situation including closing two plants found to have severe issues, creating a dedicated website to inform customers of their rights and to provide general information under the recall, and exiting Collen Goggins from her position of overseeing McNeil health products. These actions show customers and the general public that Johnson Johnson is taking responsibility for their actions and doing what they can in the short run to make an immediate fix. CEO William Weldons numerous public statements about the companys dedication to quality and admission of making a mistake, should assist with gaining back some customer good will. 5.1 Implementation With all that is being done, Johnson Johnson needs to put other controls in place to guarantee increased quality among their line of products. First of all they need to innovate a new method for quality control. This can be something like indicating which plant products are produced to clarify where mistakes are being made if something were to go wrong again. This would also show customers that Johnson Johnson has a company-wide quality standard that each plant must follow. This will also make each plant function better because the tracking system will hold specific plants solely responsible for any problems in the future. Another factor in retaining or winning back customers will be strong marketing. The company needs to push their new quality regiment with a full press marketing plan. This should include print, TV, radio, internet, and billboard advertising. This campaign should show how Johnson Johnson values the health and well being of their customers and should also include an apology letting the public know how sorry they are for the inconvenience caused by not maintaining the quality they have been known for. By implementing these controls, Johnson Johnson should be able to regain potential lost customers and perhaps some new ones by showing their recommitment to quality after this mishap. After being a quality leader for years, the company needs to do whatever it takes to repeat history and make yet another comeback, or risk being defeated by its own negligence.

Relationship between Assets and Liabilities on Balance Sheet

Relationship between Assets and Liabilities on Balance Sheet Cement industry indeed a very important part of industrial sector that plays a essential role in the economic development. Though the cement industry in Pakistan observed its lows and highs in recent past it improved during the last couple of years and floated once again. A basic economic decision deal with a financial intermediary is the mixture of assets to buy and liabilities to sell, a decision that reflects a complex set of economic and institutional considerations. When viewed as a decision under uncertainty, the outcomes from this decision involve interactions among the assets, among the obligations and among assets and obligations. The asset and obligation structures of cement sector of Pakistan necessarily reflect these interactions as well as many regulatory and institutional constraints unique to the cement industry. Multivariate statistical procedures such as canonical correlation analysis are being used more frequently and the methods used in thesis can be applied to other studies. The mixture of assets and liabilities chosen can be viewed as a basic portfolio theory decision. In thesis canonical correlation analysis was applied to examine the relationship between assets and liabilities made by a cross-section of 18 large cement companies of Pakistan listed in stock exchange. Canonical correlation is a multivariate statistical technique that was used to assess the nature and strength of relationship between assets and liabilities. The correlation between each set of assets and each set of liabilities indicates the relationship between assets and liabilities but all of these correlations assess the same hypothesis that assets influence liabilities. The thesis focused on firms of the Pakistans cement industry and the purposes of the thesis was to identify relationships between assets and liabilities exhibited by these corporations and to explain the nature of these relationships. The teaching of corporate finance as reflected in the major textbooks compartmental izes the decision areas of finance and within each compartment management is assumed to attempt to maximize the firms wealth, holding the other areas of the firm constant. For example, capital budgeting decisions are made given a cost of capital or required rate of return (a capital project is evaluated independent of how it is financed), or the capital structure is chosen given the character of the firms assets. Cash, receivables, and inventory balances tend to be optimized independently. There is a tradeoff between the rigor afforded by global models of the firm (such as the CAPM) versus the realism afforded by the various approaches used in the compartmented models (e.g., cash management models, equipment replacement models, leasing, etc.). Business practice has the same dilemma; complex organizations must decompose the overall wealth maximization problem into sub problems which, when solved, allow the firm to make satisfactory decisions. Business executives may be uncomfortable with an assumption of independence between investing and financing decisions for two reasons. First, even if the decisions were independent, the decisions may occur simultaneously because of the necessity of raising the funds to invest. Second and more importantly, the assumptions necessary to obtain independence may not be obtained. Several interdependencies might be anticipated between assets and liabilities: Hedging is commonplace, where firms go with maturity structure of their assets and obligations (i.e., short-term assets tend to be financed with short- term obligations and long-term assets tend to be financed with long-term obligations). Some assets are used as collateral for loans. For example, accounts receivable can be used as collateral for short-term bank loans or factor loans and real estate as collateral for mortgages. Commodity-producing firms will maintain inventories which may be financed with credit from suppliers (accounts payable) while service-providing firms may have little of either inventories or accounts payable. High risk businesses may try to manage risk by using less leverage on right hand side of balance sheet (high equity) and by maintaining larger liquidity balances on the left-hand side. This process may enable management to reduce the probability of insolvency It was the objective of the thesis to determine relationships between assets and liabilities on balance sheet exhibited by a sample cement firms of Pakistan. Canonical correlation analysis was used to identify and study the nature of relationship between the structure of the left and right hand sides of the balance sheet. Though canonical correlation analysis is very similar to discriminant and factor analysis, it has not been widely employed in finance. The variables used in this study are, Cash, Account Receivable, Inventories, Long-term Assets, Account Payable, Short-term Debt, long-term Debt and Share Holder Equity. CHAPTER 2 LITERATURE REVIEW Stowe,John D,Watson,Collin J Robertson ,Terry D (1980) observed the relationship between assets and liabilities with the help of canonical correlation analysis. The purpose of research was to identify relations between the two sides of balance sheet (Assets and liabilities) revealed by the corporations and to explain the nature of these relationships. Data from balance sheet for a cross-section of firms was used in the study. For each firm / corporation, a general size (or percentage breakdown) balance sheet was constructed with 4 asset and 4 liability accounts. A big diversity of balance sheet structures was present between 510 firms. A number of remarkable relationships were found in the study i.e. inventories were positively correlated with accounts payable and long-term assets were correlated with long-term debt. On the other hand, stockholders equity was not highly correlated with any of the asset proportions. An independence of asset and liability composition of the firm is tilted in much modern financial theory, the independence of investing and financing decision is a prominent part of Modigliani and Millers classic capital structure research. Though the distribution of financing and investment decision is an invaluable assumption which greatly makes simpler many business financial decisions, real balance sheets of modern corporations do not exhibit independence between assets and obligations on balance sheet. The aim of the study was (1) to recognize relationships between t assets, obligations and equity on a balance sheet reveal by these firms and (2) to clarify the nature of these relationships. Independence of liability and asset composition is explicit in Modigliani and Millers capital structure proposition. In their article, they exhibited that, given a flow of risky earnings; the firms total market value and cost of capital are independent of capital structure. The education of corporate finance, as imitated in the major textbooks, compartmentalizes the decision spots of finance and, within each box, management is assumed to effort to maximize the firms wealth, holding the other spots of the firm stable. For example, capital budgeting decisions are made given a cost of capital or required rate of return (a capital project is evaluated independent of how it is financed), or the capital structure is chosen given the character of the firms assets. Cash, receivables, and inventory balances tend to be optimized independently. There is a tradeoff between the rigors afforded by global models of the firm (such as the CAPM) versus the realism afforded by the various approaches used in the compartmented models (e.g., cash management models, equipment replacement models, leasing, etc.). Business practice has the same dilemma; complex organizations must decompose the overall wealth maximization problem into sub problems which, when solved, allow the fi rm to make satisfactory decisions. Business executives may be uncomfortable with an assumption of independence between investing and financing decisions for two reasons. First, even if the decisions were independent, the decisions may occur simultaneously because of the necessity of raising the funds to invest. Second and more importantly, the assumptions necessary to obtain independence may not be obtained. Several interdependencies might be anticipated between the assets and liabilities, those are, (1) Hedging is commonplace, where firms go with maturity structure of their assets and obligations (i.e., short term assets tend to be financed with short term obligations and long-term assets tend to be financed with long-term obligations), (2) some assets are used as collateral for loans. For example, accounts receivable can be used as collateral for short-term bank loans or factor loans and real estate as collateral for mortgages, (3) commodity-producing firms will maintain inventories which may be financed with credit from suppliers (accounts payable) while service providing firms may have little of either inventories or accounts payable and (4) high risk businesses may try to manage risk by using less leverage on right hand side of balance sheet (high equity) and by maintaining larger liquidity balances on the left hand side. This process may enable management to reduce the probability of insolvency. It was the intent of the study to determine relationship between assets and lia bilities on balance sheet are exhibited by a sample of large corporations. Canonical correlation analysis was used to identify and examine the nature of relationships between the structures of the left- and right-hand sides of the balance sheet. While canonical correlation analysis is very similar to discriminate and factor analysis, it has not been widely employed in finance. There were two general conclusions of study. The first basic purpose of study was satisfied that there are basic relationships between assets and obligations on a balance sheet which were identified with canonical correlation analysis. The assumptions behind much of modern financial theory allow us to separate investing and financing decisions. Relaxation of these assumptions can admit interdependencies between assets and obligations and several interdependencies were found in our empirical study. These relationships across the balance sheet include (1) hedging, (2) the use of collateral for loans, (3) invento ries associated with accounts payable, and (4) manage risk with instantaneous use of inferior leverage and larger liquidity balances. The capital structure research since M and Ms original irrelevance argument has attempted to utilize the effect of the current value of interest tax shelter due to debt financing and the effect of expected bankruptcy costs on the firms optimal capital structure. The interdependencies between assets and liabilities found in this empirical study could be incorporated into models of capital structure. The second general conclusion was to recommend canonical correlation analysis of financial statement data for other research topics. Much of the published empirical research concerning financial statements is on topics with a single, well defined dependent variable; these topics would include predicting bankruptcy, bond ratings, or loan defaults and explaining market risk measures. Canonical analysis, where there is a set of dependent variables, would allow empirical analysis to proceed where no unique variable can be chosen as the dependent variable. Furthermore, variables which are linear combinations of financial statement proportions might be employed instead of the usual financial ratios.7 Canonical variate scores for a firm could be associated with its bond ratings, probability of default, or systematic risk. These topics usually have been investigated using financial ratios as predictor variables Stowe,John D Watson,Collin J(1985) did the multivariate analysis on balance sheet composition of life insurer. The purpose of that analysis was to study the empirical relationships between the assets and obligations structure of the life insurer. The assets and liabilities mixture that chosen by life insurer can be viewed in terms of basic portfolio theory decisions. Canonical correlation analysis was used by the researcher to study or examine the internal structure of these portfolio decisions that was made by a cross section of large life insurers. The financial intermediaries study, such as life insurers, is distinguished from that of nonfinancial businesses for several causes. First, the financial intermediaries assets consists just about entirely of financial assets as opposed to the real assets that bulk large on the balance sheets of nonfinancial businesses. As suggested by Moore B. J (1968) in his article an introduction to the theory of finance that the financial assets dif fer from tangible assets; the financial assets are intangible and they are held for the income they generate as opposed to the direct physical services they yield; financial assets are more liquid and finally financial assets can be more freely converted from one form to another while real assets are indurate. A second difference between intermediaries and nonfinancial businesses involves the nature of their obligations. Financial intermediaries accumulate loan able funds through issuing a variety of claims. For example, the commercial banks and life insurers claims are quite different from the obligations issued by nonfinancial corporations. A final significant difference between financial intermediaries and other businesses is that the intermediaries normally are more seriously regulated and sometimes are subject to separate taxation from other firms and individuals. Like other intermediaries life insurers have been the subjects of a range of empirical research projects. J. D (197 3) Cummins in his article An econometric model of the life insurance sector of the U.S economy and J. E Pesando, in his article The interest sensitivity of the Flow of funds through life insurance companies presented an econometric analysis for the comprehensive flow of funds through the life insurance sector. J.D Stowe (1978) in his article examines the investments of individual life insurers in a cross-sectional, time-series study. The basic operational hypothesis for the study on balance sheet composition of life insurer was that a number of categories of assets on the left hand side of life insurer balance sheets had more than one pattern of correlations when they are associated with several liability and surplus classes from right hand side of balance sheet. In addition to testing this hypothesis, the natures of the relationships between assets and obligations were examined and the strength of the multivariate relationship was anticipated. The structure of life insurer assets w as explained as a function of the structure of the other side of the balance sheet and of some additional firm specific variables. In this study it was necessary to predict several criterion variables simultaneously by means of a second set of predictor variables. Under these circumstances, no single regression equation can presented a fully adequate solution. Any linear combination of the criteria may be used as the dependent variable in a regression equation, and in general not one but a number of regression equations must be used to give an appropriate picture. The problem of finding linear combinations of the criterion variables that can be most accurately predicted from the predictor variables was solved by H. Hotelling in his article The most predictable criterion commonly known as canonical correlation analysis. G. Donald Simonson, D. J Stow, and J. Collin Watson (1983) analyzed a canonical correlation analysis between assets and liabilities structure of commercial banks in. They analyze the balance sheets of all 435 domestic U.S banks with assets in excess of $300 million at year end 1979. Data was taken from the December 31, 1979 Foreign and domestic Report of Condition files prepared on magnetic tape by the three federal bank supervisory agencies. They limited the analysis to large banks for two reasons. First, smaller banks do not have the talent or market position to aggressively practice liabilities management and therefore their balance sheets are not as likely to reflect differentiated policies relative to bearing interest rate risk. Second, the three federal agencies require only banks with assets over $300 million to report maturities of both de posits and selected loans, as well as a breakdown of loans in to those with predetermined versus floating interest rates. These large bank data permit us to construct several key balance sheet accounts on the basis of interest sensitivity. Six asset and six liability/capital categories were expressed a s a proportion of total assets for each of the 435 banks in the study. The purpose of a study was to identify and describe the relationship including heading behavior of a single dependent variable as a function of a set of independent variables, canonical correlation analysis relates two sets of variables. In the present case one set of variables is the composition of the left hand side of the balance sheet and the other set is the right hand side. The variables used in this study are asset and liability/ capital categories expressed as proportion of total bank assets. These portions were used in lieu of the more usual financial ratios and no information exogenous to the bank was employed. During the past two years bankers and bank analysts have been concerned about how interest rate risk is derived from cross balance sheet relationships. The mismatching of maturities or interest sensitivities whether interest sensitive assets financed with long term liabilities or long term assets financed with interest sensitive liabilities creates interest rate risk. For example high interest rates and a downward sloping yield curve, one whose short term rates exceed long term rates for borrowers of similar creditworthiness, especially expose institutions which pursue the traditional financial intermediation formula of borrow short lend long. In commercial banking, the exposure is greatest for banks which finance fixed rate term loans and long term fixed income securities with short term funds at money market rates. Banks can defend themselves against this exposure by practicing asset/liability management; by coordinating their procurement of funds and acquisition of assets. There was early theoretical appreciation of the necessity for management of the maturities of asset and liability portfolios. In a simple three variable model D.H Pyle (1971) in his article theory of financial intermediation shows that assuming banks maximize the expected utility of terminal wealth, ba nks choices of assets (liability) portfolio will be conditioned upon the parameters, including maturity, of their liability (assets) portfolios (given nonzero covariance of liability and assets yields). According to the applied asset/liability management dictum, banks with volatile short term interest sensitive source of funds should attempt to structure their asset portfolios to emphasize short term and floating rate movements and in general maturities of asset and liability portfolios should be matched. Such banks can be said to adopt defensive loan portfolios. Other banks by their nature are less dependent on short term market rate funds and are in a better position to offer fixed rate loan terms to borrowers their customers provide a relatively large core of stable savings and time deposits with average interest costs well below current market rates. As result these banks have to be free to acquire long term assets at predetermined interest rates that are they can adopt aggressi ve loan portfolios. HO, T.S.Y in his article (1980) The determinants of bank interest margin showed that balance sheet hedging is a rational response to interest margin uncertainty which results from the interplay between volatile interest rates and asset and liability structural interrelationships. Their research attempts to find evidence of such asset/ liability hedging practices among U.S banks during a period of high and volatile interest rates and a downward sloping yield curve. If banks in aggregate tend to hedge interest sensitive funds with core funds, the banking industry would appear to be coping appropriately with interest rate risk. On the other hand, if there is a systematic tendency for many banks to combine fixed rate long term assets with volatile short term funds, the industry might be excessively exposed to interest rate risk. The issue of capital adequacy also concerned with the comparative maturity structure and duration of the two sides of the balance sheet. S.T. Maisel and R. Jacobson in his article Interest rate changes and commercial banks revenues and costs they showed that over the period 1962 to 1975 for the average bank, the threat of insolvency due to the instability of economic returns stemmed primarily from the mismatch of asset and liability durations. They concluded that unheeded interest rate risk might require additional equity capital. Other sources of risk, such as default risk, would dictate a positive relationship between the amount invested in riskier loans and securities and the amount of equity capital. Research was limited because data on the market values of asset and liability items are not available. Presumably, potential changes in cross balance sheet market values are transmitted to changes in the market value of the firm. There was a considerable literature addressing asset-l iability management in banks. One of the key motivators of asset-liability management worldwide was the Basel group. The Basel group Banking Supervision (2001) formulated broad supervisory standards and guidelines and recommended statements of best practice in banking supervision. The purpose of the committee was to encourage global convergence toward common approaches and standards. In particular, the Basel II norms (2004) were proposed as an international standard for the amount of capital that banks require setting to the side to protect against the types financial and operational risks they face. Basel II proposed setting up accurate risk and capital management necessities designed to make sure that a bank holds capital reserves suitable to the risk banks picture their self to throughout its lending and investment practice. In general, these regulations mean that the larger risk to which the bank is showing, the larger the amount of capital the bank requires to hold to defend it s solvency and whole economic strength. This would ultimately help to defend the international monetary system from the kind of problems that may take place should a major bank or a sequence of banks collapse. Gardner and Mills (1991) discussed the principles of asset-liability management as a part of banks strategic planning and as a response to the changing environment in prudential direction, e-commerce and new taxation treaties. Their text provided the foundation of subsequent discussion on asset-liability management. Haslem (1999) used canonical analysis and the interpretive structure of asset/liability management to identify and interpret the foreign and domestic balance sheet approach of large U.S. banks. Their study found that the least money-making very large banks have the biggest size of foreign loans, yet they give emphasis to domestic balance sheet (asset/liability) matching strategies. on the other hand, the most money-making very large banks have the smallest size of foreign loans, but, however, they emphasize foreign balance sheet matching strategies. Vaidyanathan (1999) discussed issues in asset-liability management and elaborates on various categories of risk that require to be managed in the Indian context. In the past Indian banks were primarily concerned about adhering to statutory liquidity ratio norms but in the changed situation, namely moving away from administered interest rate structure to market determined rates, it became important for banks to equip themselves with some of these techniques, in order to immunize them selves against interest rate risk. Vaidyanathan argued that the problem gets accentuated in the context of change in the main liability structure of the banks, namely the maturity period for term deposits. For instance, in 1986, nearly 50% of term deposits had a maturity period of more than five years and only 20%, less than two years for all commercial banks, while in 1992, only 17% of term deposits were more than five years whereas 38% were less than two years Vaidyanath. It was found that several banks had inadequate and inefficient management systems. Also argued that Indian banks were more exposed to international markets, especially with respect to forex transactions, so that asset liability management was essential, as it would enable the bank to maintain its exposure to foreign currency fluctuations given the level of risk it can handle. It was also found that an increasing proportion of investments by banks were being recorded on a market to market basis, thus being exposed to market risks. Is was also suggested that, as bank profitability focus has increased over the years, there is an increasing possibility that the risk arising out of exposure to interest rate volatility would be built into the capital adequacy norms specified by the regulatory authorities, thus in turn requiring efficient asset-liability management practices. Vaidya and Shahi (2001) studied asset-liability management in Indian banks. They suggested in particular that interest rate risk and liquidity ris k are two key inputs in business planning process of banks. Using firm-level data, an extensive accounting literature focuses on the contemporaneous correlation of stock returns and earnings. Despite the statistically reliable positive association between stock returns and earnings, Ball and Brown (1968), Beaver, Clarke, and Wright (1979), Beaver, Lambert, and Morse (1980), Easton and Harris (1991), Collins, Kothari, Shanken, and Sloan (1994), and others find that the explained fraction of stock return variation was significantly less than one (typically under 10 percent). Lev (1989) and others suggest that the relatively low explanatory power stems from earnings lack of timeliness and/or value-irrelevant noise in earnings. The idea that correlation between a cash-flow proxy and stock return may be due to any of the three components was not novel. Fama (1990), Schwert (1990), Kothari and Shanken (1992), Campbell and Ammer (1993), and others recognize that when stock returns are regressed on cash flow proxies, any of the three effects may be d riving the regression coefficients. They do not, however, clearly quantify the relative importance of these three effects. Thus, in the end, it is still unclear why cash-flow proxies are or are not related to stock returns. The fundamental subject of working capital is to provide optimal balance between each element forming working capital. Most of the efforts of finance directors in a firm are the efforts they make to carry the balance between current assets not at optimal level and responsibilities to an optimal level Lamberson (1995). One reason for this was the decisive influence of current assets on others, another reasons was liabilities of completion of present responsibilities. The combination of the elements forming working capital are change over time. Need for working capital manipulate liquidity stage and profitability of a company. As a result, it affects investment and financing decisions, too. Amount of current assets to be calculated at a level where total cost is of a least degree means an optimal working capital level. The optimal working capital point is case wherein balance between risk and effectiveness is provided.. The entire current assets hold by a firm known as working capital. Net working capital is calculated when short term obligations are took out from current assets. Return of total assets of a firm as a result of an activity is closely related to level and distribution of assets of the firm and efficiency in application of these assets. In lots of firms current assets called working capital make up of a remarkable part of community assets. (Note 1) But it is clear that working capital is ignored in finance journalism compare to long term financing decision. Corporate finance studies usually concentrate on core decisions like, dividend, capital structure and capital budgeting. Though, the sum of assets group is a important part of entire asset and called working capital (inventories, quasi money and money. short term liabilities and trade receivables) is a focus matter in all main books relating to corporate finance where efficiency level of distribution and application of assets influe nce profitability and risk level of the company. The major purpose of a company is to increase the market worth. Working capital management influence profitability of the company, its risk and thus its value Smith, (1980). Further, effective management of working capital is a key component of the broad strategy aim to increase the market rate (Westhead and Howorth (2003). Since the flexibility of this group of assets is very high in terms of adapting to changing conditions and due to these uniqueness they can frequently be applied to understand the major aim of financial management through policy changes. Success of a firm mainly depends on efficient management capability of finance director to manage receivables, inventories and liabilities (Filbeck and Krueger, 2005). Firms can strengthen their funding capabilities or decrease the source cost reducing source amount they allocate to current assets. In finance literature there is a common opinion about the importance of working capi tal management. Explanations about why effective capital management is important for a company usually concentrate on the association between effectiveness in working capital management and company profitability. Effective working capital management includes controlling and planning of present assets and liabilities in such a way it avoid extreme investments in current assets and prevents from working with few currents assets insufficient to fulfill the responsibilities. In relevant studies the measure taken as an indicator of efficiency in working capital management is generally cash conversion cycle. For firm cash conversion cycle is the period during which it is transited from money to good and again to money. In the studies conducted by Shin and Soenen (1998), Deloof (2003), Raheman and Nasr (2007) and Teruel and Solano (2007) it was concluded that there is a negative relationship between profitability of a firm and cash conversion cycle. Thus, it is possible to increase firm profitability through more effective working capital management. It is necessary to realize that major basics of cash conversion cycle (short term account receivables, short term trade liabilities and inventories) should be managed in a way they maximize firm profitability. An efficient working capital management will increase free cash flows to the firm and growth opportunities and returns of stockholders. Working capital level of a firm indicates that it wants to take a risk. The more working capital amounts, the liquidity risk and profitability become lower. The working capital strategies of firms differ according to the segments and within each segment it varies over time Filbeck and Krueger (2005). Ganesan (2007), put forward that the firms in less competitive sectors focus on cash conversion minimizing receivables, while the firms in more competitive sectors have a relatively higher level of receivables. Lazaridis and Tryfonidis (2005) stated that small firms focus on inventory management, the firms with low profitability on credit management. Statements in literature of finance about the significance of working capital for companies are being once further emphasized in these unstable days of international economy. While firms make efforts to increase return on assets in a way they pay their due obligations as late as possible and keep the cash, decreases in activ

McCarthyism :: Joseph McCarthy Communism

The Alien Registration Act passed by Congress on 29th June, 1940, made it illegal for anyone in the United States to advocate, abet, or teach the desirability of overthrowing the government. The law also required all alien residents in the United States over 14 years of age to file a comprehensive statement of their personal and occupational status and a record of their political beliefs. Within four months a total of 4,741,971 aliens had been registered. The main objective of the Alien Registration Act was to undermine the American Communist Party and other left-wing political groups in the United States. It was decided that the House of Un-American Activities Committee (HUAC), that had been set up by Congress under Martin Dies in 1938 to investigate people suspected of unpatriotic behavior, would be the best vehicle to discover if people were trying to overthrow the government. In 1947 the House of Un-American Activities Committee (HUAC), chaired by J. Parnell Thomas, began an investigation into the Hollywood Motion Picture Industry. The HUAC interviewed 41 people who were working in Hollywood. These people attended voluntarily and became known as "friendly witnesses". During their interviews they named nineteen people who they accused of holding left-wing views. One of those named, Bertolt Brecht, a playwright, gave evidence and then left for East Germany. Ten others: Herbert Biberman, Lester Cole, Albert Maltz, Adrian Scott, Samuel Ornitz,, Dalton Trumbo, Edward Dmytryk, Ring Lardner Jr., John Howard Lawson and Alvah Bessie refused to answer any questions. Known as the Hollywood Ten, they claimed that the 1st Amendment of the United States Constitution gave them the right to do this. The House of Un-American Activities Committee and the courts during appeals disagreed and they all were found guilty of contempt of congress and each was sentenced to between six and twelve months in prison. Larry Parks was the only actor in the original nineteen people named. He was also the only person on the list who the average moviegoer would have known. Parks agreed to give evidence to the HUAC and admitted that he had joined the Communist Party in 1941 but left it four years later. When asked for the names of fellow members, Parks replied: "I would prefer, if you would allow me, not to mention other people's names. Don't present me with the choice of either being in contempt of this Committee and going to jail or forcing me to really crawl through the mud to be an informer.

Criminal Trial Process Paper :: essays research papers

Criminal Trial Process Paper Introduction:   Ã‚  Ã‚  Ã‚  Ã‚  In Canada, our criminal trial process is based around an adversarial system. What this means is that the disputants are represented by professionals in the field of law. These professionals are called lawyers. The lawyers work so that the truth of the trial is brought forward and justice is served for the greater community. In the adversarial system it is believed that the search for truth is best served by the parties themselves, through their lawyers and not through the judge. This means that lawyers determine the issue in dispute and decide the best way to argue them. Judges generally play a very passive role in the trial process. Their job is merely to ensure a fair trial for the accused, and to make an unbiased, neutral decision at the end of the trial. This decision is based upon the evidence brought forward by the two teams of lawyers during the criminal trial. Key Players:   Ã‚  Ã‚  Ã‚  Ã‚  In the adversarial system there are three, and sometimes four key players that make up the criminal trial process. These key players are the Crown attorney, the defence attorney and the judge or justice or the court. There is however in some cases juries involved in the trial process as well. The Crown attorney represents what is seen as the king or queen of the country, however they in actual fact represent the police officers and other law enforcers as well as the general public. The Crown has a very difficult and burdening job. They must find the accused, which is the person being charged, guilty of committing the crime. This decision must be considered and thought to be without a reasonable doubt. Reasonable doubt is a very hard concept to define. It is based around the â€Å"golden thread† of English law, the accused is presumed innocent until proven guilty by his or her accuser. The courts, themselves can not even come up with an exact definition, but have tried their best through this explanation. The concept of whether or not the general public would see as a calmative group a bona fide and required limit on the situation. This limit must be logical and for the purpose of a greater good. Thus the Crown attorney carries an extremely heavy burden when attempting to find the accused guilty of his or her charges. This is thought to give the accused the fairest trial possible.

A Mental Play About Everyday Language :: Dialogue Conversation Essays

A Mental Play About Everyday Language Characters: Alicia, an executive office worker Cindy, Alicia's secretary Mike, a local lawyer and acquaintance Carl, Alicia's husband Larry, one of Alicia's co-workers Mr. Alexander, a high standing government official Marnie, me, Alicia's friend and confidant Josh, Alicia's son PART I ALICIA: Cindy get me Mike on five please. CINDY: Alright. ALICIA: (on phone) Mike, it's Alicia Van Kleef. MIKE: (also on phone) Good morning Alicia. ALICIA: Say...I wanted to ask if you've heard anything new about the Dreyer case? Any ground-breaking material I should know or any new releases? MIKE: Dreyer...Martin Dreyer...yes. Another arraignment has been set for the fourteenth of next month with a few more pieces of evidence concerning the pre-event occurrences, and Judge Wilson is being replaced by Judge Lidboe. ALICIA: Any word yet about the plaintiff's tax evasion claim? MIKE: Other than the fact that they may have found more substantial material, I don't think their argument has changed. ALICIA: O.K. So the new hearing is on the fourteenth. MIKE: Yes. ALICIA: Great. Any particular reason for Judge Lidboe stepping in? MIKE: I heard that Wilson is taking another big case next week, and the court ruled that it was an open position for Lidboe then. ALICIA: Is that that upcoming negligence case from that Richland couple? MIKE: No, this is something out of down south. ALICIA: O.K. Thank you so much for the info, Mike. MIKE: No problem. ALICIA: I'll talk to you later. MIKE: O.K. ALICIA: Good bye. (She hangs up the phone.) CINDY: (entering office) Alicia, this is some mail that came in late yesterday, and a few reminders of things you wanted for today. ALICIA: Great. (paging through mail) Thanks Cindy. CINDY: You're welcome. Larry made some flavoured coffee from home this morning. It's pretty good. ALICIA: I'll have to give it a try before it's all gone. (mumbling to herself) I just hope Larry isn't hangin' around. (phone rings, CINDY waves and leaves the office) ALICIA: Hello, Alicia VanKleef speaking. CARL: Hey sexy. ALICIA: Hi Carl. CARL: How're you doin' so far? ALICIA: Just fine sweetie. I just got my coat off. CARL: Did you take anything else off? ALICIA: No, dear. Strip shows aren't allowed in the office. You know that. CARL: (laughing) Sorry. ALICIA: Did Josh find his other shoe this morning? CARL: Yeah, under his bed, like you said. ALICIA: He gets so frustrated over little things like that. CARL: He calmed down after he found it. ALICIA: Good. It was his jacket last week. CARL: Yeah.