Mobile Technology Ltd Legal Issue

Question: Write an essay certain legal issues arise related with Mobile Technology Ltd. (MTL) Answer: On the basis of the facts that have been mentioned above, certain legal issues arise related with Mobile Technology Ltd. (MTL). The first issue is that the majority shareholders of the company, James and Jenny Lee holding 60% shares of the corporation wanted that the companys management should be conducted in a way that is more advantageous to them. In case the directors of the company, Harry, Minh and Jackson do not follow their wishes, they threatened to take over the management of MTL. Similarly, other issue is related with minority oppression as a minority shareholder of the company, Martin Lu is concern regarding the way, the directors of MTL are draining its assets. In this regard, Martin wants that extraordinary general meeting of the shareholders should be called but the directors are not willing. Another issue is related with a clause present in the constitution of MTL according to which, the business of the company will be restricted to manufacture, sale and purchase of pla sma TVs and DVD players. But now the directors want that the companys business should be changed to the manufacturing and distribution of smart phones and I Pods as the directors think that the TV and DVD market has become stagnated. In the same way, another issue that arises on the basis of the given facts is that the directors of the company are planning to set up another company and they're going to sell the TV business to the new corporation that is owned and controlled by them. The Corporations Act, 2001 has provided far-reaching remedies in case the minority shareholders of the company have to face oppressive conduct. In this regard, the law requires that the director should use their powers and manage the corporation, considering the interests of the shareholders as a whole.But it is possible that the majority shareholders may expect or even demand that the corporation should be managed in such a way that is more favorable for the majority even if it proves to be harmful for others. Generally the minority shareholders lacked the ability to have an impact on the undertakings of the corporation, still it is vital that the directors act fairly and take care that their decisions endorse the interests of the corporation as a whole and all its shareholders and not only the majority shareholders. In case the directors were unsuccessful in it, they can be held in breach of their statutory duties and similarly, they also risk being engaged in oppressive conduct. In such a case, far-reaching remedies may be available against the directors that can have a significant impact on the company. The Corporations Act has also prescribe certain duties for the directors which mention that they should not use their position improperly and act in good faith and in the best interests of the company. These duties have been prescribed by the Corporations Act and also by the common law. Usually the term minority oppression denotes the conduct falling within the purview of section 232. This section provides extensive powers to the courts to provide relief to the shareholders in case the conduct of the affairs of the company, including any actual or proposed act, can be described as being contrary to the interests of the shareholders of the company as a whole or if it is oppressive, unfairly prejudicial or discriminatory against a shareholder or shareholders. In this way, the target of section 232 is the conduct due to which the minority shareholders of the company may have to face some commercial unfairness. This section has been drafted extensively and as a result, there are no defined limits placed on what may be considered as the offending conduct. In this case, the offending conduct can be the conduct of the company, or its directors or the other shareholders. For this purpose, conduct is evaluated by the courts by applying an objective test that is based on cons idering if the conduct will be considered as unfair by any reasonable commercial bystander. However it needs to be mentioned that in this regard it is not enough if a shareholder has been prejudiced or discriminated against. There should also be an element of unfairness that extends beyond a mere disadvantage. In practice, generally a question arises when a minority shareholder is subjected to unfairness or prejudiced due to the abuse of majority power or control on the corporation. The actions taken in bad faith are more likely to be treated as oppressive by the courts. However conduct can be considered oppressive even if it was undertaken lawfully and in good faith if such conduct proves to be disadvantageous or creates the burden on the minority that would be treated as beyond fair and reasonable by any commercial bystander. Such a conduct may take place even if all the members of the company have been treated equally. Some of the examples of the conduct stated by the courts as being oppressive, unfairly prejudicial or discriminatory can be given as follows. Therefore, such conduct includes the issue of shares, mainly for weakening the voting rights of the majority; nonpayment of dividend to the shareholders or making excessive payments to the directors when such decisions cannot be justified objectively due to the circumstances of the corporation; insistently declining to call the meetings in order to avert involvement by the minority shareholders; applying the funds of the company for the benefit of certain shareholders and not all the shareholders and excluding a director who represents a shareholder, from the management of the company. In most of the cases in which minority oppression has been alleged in the courts, unlisted private corporations are involved instead of the public entities. The cause behind this situation can be that in case of a listed corporation the disgruntled shareholders c an sell their shares but on the other hand, in case of a private company, there is generally no market for the shares owned by the minority shareholders. Generally it has been seen that in case of minority oppression, one shareholder or director is kept out of the management of the company or the company conducts the capital raising or share buyback due to which the equity of the minority is diluted. Other instances include the cases where the minority shareholders are not receiving any dividend or cannot sell their shares and their capitalist dog in the company indefinitely while the company is being run for the advantage of others, like significant salaries being paid to the management. Therefore under these circumstances, litigation appears to be the only way available to the minority shareholders to extract their capital. It also needs to be mentioned at this point that generally in case of minority oppression, there is also a breach of duties by the directors of the company, particularly the range of duties that have been mentioned in section 181 to 183, Corporations Act. In this regard, these duties of the directors can be briefly described as the duty of the directors to act in the best interests of the company (section 181); not exercising their powers for achieving an advantage (section 181) and not misusing the information received by the directors for achieving a personal advantage (section 183). Therefore in view of the statutory duty of the directors to exercise their powers in good faith and in the best interests of the company, it is necessary that the directors should act in best interests of the company, or the best interests of all the shareholders of the company as a general body. But in practice of ideas possible that the shareholders may have different or competing interests and as a result, sometimes it becomes very difficult on nearly impossible for the directors to act in a particular way so that everyone in the company can be satisfied. There are many decisions taken by the board of the company that may have very little or no direct impact on the individual shareholders but there are certain steps like share buybacks, situating capital raisings or the appointment/removal of the directors, that we have a direct impact on the interests of the individual shareholders. As a result, any acts of the directors in which the interests of one set of the shareholders have been preferred as compared to the shareholders as a whole, can be considered as a breach of their duties by the directors and it may also fall within the purview of oppressive conduct as mentioned in section 232. In this regard, section 232 provides that the courts have discretion to provide a wide range of remedies in order to protect the minority shareholders from the effect of oppressive conduct. Therefore the court may order that one or more shareholders purchase the shares owned by the minority, at a price that has been determined by the court; that the minority shares are purchased by the company; the appointment of a receiver and manager; a particular act should be done by a person or that the company may be wound up. However, it has been generally seen that the shareholders want that their shares should be purchased by the company or the other shareholders or in other words, a buyout ordered by the court at a price that has been decided by the court. According to the broad principle, the courts are required to grant the remedy in such a case that is least intrusive and therefore, generally the courts tried to avoid the remedy of winding up a solvent company. But when the court has ord ered a buyback and the majority shareholders of the company are unable to pay the price that has been fixed by the court, the court may order the winding up of the company. Similarly, the director shareholders who are held to be involved in oppressive conduct and the breach of their duties risk of being ordered that they should buy the shares belonging to the minority at the price decided by the court. In the present case, James and Jenny Lee are the majority shareholders of MTL and they jointly hold 60% shares in the company. They want to have a more significant role in managing the company and also advised the directors of MTL that the business strategy of the company should be changed and more attention should be paid to the wishes of the majority shareholders. In case the directors do not follow their wishes, they also threatened to take over the management of the company. But in view of the above mentioned discussion, it is clear that the directors of MTL should manage the affairs of the company, keeping in view the interests of all the shareholders of the company and not just the majority shareholders like James and Jenny Lee. On the other hand, a minority shareholder, Martin Lu who holds 5% shares in the company is concerned that the decisions taken by the directors of MTL will drain the assets of the company. In this regard, Martin wants that an extraordinary general meetin g of the shareholders of MTL should be called for the purpose of discussing these concerns but the board of MTL is reluctant to call such a meeting. This conduct of the directors of MTL can be described as oppressive conduct and as a result, the remedies that have been provided to the minority shareholders in case of oppressive conduct may be available to Martin Lu. The shareholders of MTL also want that the business of the company should be changed to smart phones and iPods but it needs to be noted that there is a clause present in the constitution of MTL according to which, the business of the company has been restricted to the manufacture of television and DVD players. Therefore, any change in the business of the company can be introduced only after a resolution has been passed by the majority shareholders of the company. The decision taken by the directors of MTL to establish another company, Stan Mobile Pty Ltd and sell the television business of MTL to this company can also be treated as a breach of directors' duties as these duties require that the director should not take a personal advantage through the decisions taken by them. Bibliography Crosling G M, Murphy H M, How to Study Business Law 4th Edition, Butterworths, 2009 Harris, J. Hargovan, A. Adams, M. Australian Corporate Law LexisNexis Butterworths 5th edition, 2015 Latimer, P, Australian Business Law CC, 2016 Edition Pentony, Graw, Lennard Parker, Understanding Business Law 3rd edButterworths, 2009 Stephen Graw, 2011, An Introduction to the Law of Contract, 7th Ed., Thomson Reuters Sweeney, OReilly Coleman, 2013, Law in Commerce, 5th Ed., LexisNexis Vermeesch, R B, Lindgren, K E, Business Law of AustraliaButterworths, 11th Edition, 2005

We Grow Accustomed to the Dark free essay sample

Darkness entails various reputations such as evil, loneliness, and anguish. Whenever darkness is mentioned there is likely to be no good in the vicinity. â€Å"We Grow Accustomed to the Dark†, by Emily Dickinson and â€Å"Acquainted with the Night†, by Robert Frost are full of similarities. They both share themes of darkness, but their tones are different. One poem gradually becomes hopeful while the other fills minds with thoughts of despair. The uniqueness of these poems are shown through there tones, structure and point of view. â€Å"Grow Accustomed to the Dark†, by Emily Dickinson is structured as a quatrain. Dickinson employs the word â€Å"we† often within this poem; meaning she is referring to a group who has become accustomed to darkness. This could very well be a group of people, or even society. Dickinson is not speaking about darkness being customary to her. She states in the poem, â€Å"We grow accustomed to the Dark – When Light is put away—â€Å". We will write a custom essay sample on We Grow Accustomed to the Dark or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page At one point there was happiness for this group of people, but once they go through a troubling time they adjust to be able to understand. This poem transitions from a sad tone to the tone of hopefulness. Dickinson says, â€Å"The bravestgrope a littleand sometimes hit a tree directly in the foreheadbut as they learn to see†. This is a metaphor meaning although people encounter darkness the brave ones try their hardest to succeed even though they may come across obstacles that cannot surpass. However the last part of the quote says â€Å"But they learn to see†, which is a transition from troubled times to hope. â€Å"Acquainted with the Night†, by Robert Frost, is similar to Dickinson’s poem, but has its differences. This is a lyrical poem that can be considered a sonnet because it has 14 lines. The point of view used is 1st person and â€Å"I† is used throughout this poem. Unlike Dickinson, Frost was speaking about his personal experiences in the darkness or night. The two tones in this poem were sadness and loneliness. It did not transition to a hopeful tone like the first poem. Robert Frost seems to be in an everlasting gloom. He says, â€Å"I have walked out in rainand back in rain†. Usually, when you walk back in the rain ceases, but Frost is experiencing despair and sadness that does not withdraw. Although these two poems differ, they are similar in theme, point of view, and interpretations of darkness. Throughout each poem the main theme was darkness. Dickinson and Frost both interpreted darkness as something sad, full of despair and gloom. In addition, the titles â€Å"We Grow Accustomed to the Dark† and â€Å"Acquainted with the night† are parallel. Although Dickinson used the word â€Å"we† to express darkness for a group, while Frost used â€Å"I† to express his personal experience in darkness they both used 1st person point of view. They are structurally different, and have many different tones; however they both speak with a similar interpretation of the darkness. Both poems were well written and succeeded to capture attention of the audience without distractions in the text. Dickinson’s poem transitioned from sad to more of a hopeful tone. Frost’s stayed stagnant with the recurring despair. Darkness is very significant in each poem because it describes the troubles each group or individual faced. Each poem was unique and had a different style about them because every writer different.

Sample Word Essay on Travel

Sample Word Essay on TravelA sample word essay on travel for ESL students, which is a type of writing, is one that is usually used in a short essay in a language class at the primary or secondary level. It provides tips to students on how to use the English language so that they can become familiar with and practice speaking it before they enter into an official school environment.There are many advantages to this type of writing, which would not only benefit ESL students but others who want to write essays on English as well. The first advantage is that you will be able to practice your own writing skills because you are given a sample that you can use. In a language class, the teacher may ask for some questions about your topic.If you have done your homework, then you should be able to answer these questions with ease. You may also find that the students in your class are not very good writers and that your essay will make them look bad. It is a good idea to be aware of this, espec ially if you don't mind making a mistake that you can always write the same essay over again.If you go to the library and look through books on travel, you will be able to get a possible example. You can compare these with your own experiences. You can find some sites that provide sample essays on travel. Look at them closely, as there will be grammatical issues and wording issues that you will need to correct.Writing a good essay on travel can be fun and exciting. You will not have to spend a lot of time on the research because you will be writing for an English exam. This will make you write faster, which means that you will get the grades you need.Of course, there are also some disadvantages when it comes to writing a travel essay. You may not get enough reading time to absorb what you learned. On the other hand, the lack of attention to detail may not be so bad, especially if you consider the size of the paper.A general sample of this type of essay is usually a relatively short document. You can save the document to take with you when you are out for the day and you won't run out of topics to cover. You can download it and study it on your own time, while you are out walking, walking around the neighborhood, or eating lunch in the cafeteria.If you have a deadline, then you will have to study the document on your own time, as you will have to finish it by a certain time. It can sometimes be quite tedious because of the amount of time that you will have to wait. However, it will be worth it because you will know the right thing to say.

A Matter of Education

One day, when I suddenly woke up early in the morning, quite strange thoughts came to my mind. They were all about my past, present, and future: what I am doing in this world, what the purpose of my life is, and how I can achieve success in order to be happy and worthy of some praise. Advertising We will write a custom essay sample on A Matter of Education specifically for you for only $16.05 $11/page Learn More I have spent for 10 years in the Air Forces, and now, everything is so strange to me and even difficult to comprehend from time to time. My thoughts about past and future become closely connected to higher education and its importance for civilian world and military environment. For this very period of time, all I get is 10 years of Air Forces and my Bachelor’s; the point is that I am the oldest among the siblings of my family and the only one, who does not have a degree. This fact makes me worthless for my family, and it becomes more and more difficult to find a good job in the civilian world. This is why the desire to get my Master’s and, with time, to be proud of getting a PhD is the only thing I am concerned with right now. Lewis (2003) writes that the military environment is one of those spheres of life that is always changing, this is why lots of soldiers’ skills have to be improved from time to time (p. 47). So, it is not a secret that higher education becomes more and more significant for any person, who wants to learn and know more, get a good job, and earn enough money to provide own family with the necessary financial support. For a military person, as I am, such issues as responsibility for own family, ability to help parents and relatives, and compliance with the existed environment are considered to be the major ones. The military gave me a chance to comprehend each of these issues on a deeper level and be ready to cope with any obstacle on my way to success. Without any doubts, higher e ducation has certain influence on understanding the world, the relations between people, and the abilities to cope with any possible challenges. If a person wants to be able to solve problems on a proper level, support other people and be sure about the support of society, higher education is the thing that plays a significant role here. The major point concerning the matter of higher education of the 21st century is mass access. People have a variety of chances to enlarge their level of knowledge on technologies and innovations, which help to improve work, services, and life in general. This is why, due to higher education, my understanding of the 21st century is quite clear – technologies rule this world, and it is necessary to be properly educated in order to be aware of all those innovations and professional technologies.Advertising Looking for essay on education? Let's see if we can help you! Get your first paper with 15% OFF Learn More My achievements in t he military career will certainly help me choose the best way for study: I am ready to evaluate the situation and comprehend the significance of the chance to be taught. I already have my Bachelor’s Degree in Business Admin from Grantham University. My GPA is 3.5. But it is not the limit of my abilities, because army showed me several more ways to achieve better results. Nowadays, the situation with economy is so confused, this is why lots of people just cannot find the best solution of the existed problems. This is why higher education can help me comprehend the essence of economy, analyze the reasons of possible declines, and offer new methods to improve the economical situation in the country. Proper training, smart teachers, and reliable sources of information – all this will certainly make my education really successful. People cannot live without education, specially if they want it most of all. I, as no one else, want to get the necessary level of knowledge, a nd education on each level, intellectual, moral, and even physical is a good start for future career (Spencer 2008, 56). It is by means of proper education knowledge and information may be received by a person and spread through the whole world. Poorly educated person gets fewer chances to realize all the beauties of this world. It is like to live in a room with all windows open, but still, do not have a possibility to enjoy fresh air and birds’ singing. Our world has to be changed considerably in order to provide our generations with safe future. Children have to have a chance to live, enjoying each detail of this world. And my poor level of knowledge should not be on their way. I know that I have to get this education in order to learn the subject, become a professional, earn enough money, and provide my children with a chance to study this world as I want to do it right now. It is also necessary to admit that in the military environment, higher education is of great impor tance as well. People, who have military practice, know for sure how to plan their time and evaluate their abilities to cope with challenges of higher education, and I am one of these people. Works Cited Lewis, Audie, G. Career Progression Guide for Soldiers: A Practical, Complete Guide for Getting Ahead in Today’s Competitive Army. Stackpole Books, 2003.Advertising We will write a custom essay sample on A Matter of Education specifically for you for only $16.05 $11/page Learn More Spencer, Herbert. Education: Intellectual, Moral, and Physical. BiblioBazaar, LLC. 2008. This essay on A Matter of Education was written and submitted by user Jonah Edwards to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.

The Meiji Period of Restoration †Japanese History Paper

The Meiji Period of Restoration – Japanese History Paper Free Online Research Papers The Meiji Period of Restoration Japanese History Paper The Meiji period brought about the rapid modernization of Japanese politics, culture, and foreign relations which resulted in Japans attaining the status of the leading country in Asia and a world economic and political power. However, looking back on the Meiji Restoration, it becomes unclear as to whether it was a smooth transition, or a dramatic breaking point in Japanese history. (In order to determine the significance of the Meiji Restoration, an examination of the proceeding system of governance, culture and foreign relations is necessary.) The first part of this essay will discuss the Tokugawa period; the second will examine the Meiji Restoration. The last will analyze the Restoration itself and the changes that were made politically, culturally, and in foreign relations and conclusions on the nature of the Restoration will be drawn based on the given information. The political structure of the Tokugawa period was quite simple. At the head of the government was the Shogun, who was the main executive power. Under the shogun were the daimyo, who were very similar to governors. There were three â€Å"sections† of daimyo, family of the Tokugawa were called Shinpan, allies were called fudai, and enemies of the Tokugawa were called tozama. The last level of government was the samurai, who were leading men in the society who were traditionally military fighters, but formed the main bureaucracy of the Tokugawa government. This form of government is commonly referred to as the bakuhan, and shaped the culture of Japan during the Tokugawa Period. It should be noted that the Tokugawa government was quite strict. In his journals, Perry noted this and wrote, â€Å"It is evident that nothing but the fear of punishment deterred them from entering into free intercourse with us, but they were closely watched; and it may be inferred that he higher class would be equally inclined to greater intimacy if they in their turn were not also watched.† (Commodore Perry’s Journal, pg 180) The culture of Tokugawa Japan was very different from the culture after the Meiji Restoration. The Japanese were a proud people, and regarded their nation very highly. However, the people were very traditional, and really knew little about change and participation in the government. In the Tokugawa Period, social class was very important, and was determined by a person’s heredity. There were four main social groups: samurai, farmers, merchants, and artisans. Outside of these four main classes, there were other people in society, such as priests, imperial workers, and sex workers. The largest group was the farmers, who made up about 80 percent of the population. Most Japanese people lived in the country, with only 5-6 percent living on the larger cities. Besides the confines of heredity, the culture of Tokugawa was lively. The people did not concern themselves in politics, so in their free time, there was art and music, plays and religions parties, entertainment, and the Licensed Quarters for the adventurous. Buddhism was the prominent religion. Inside of their circumscribed world, the people enjoyed considerable autonomy as long as they paid their taxes. Women had their place in the culture; they were very important in the home and to their husbands and were generally treated with respect. They were not on the same level as the men however. Overall, Tokugawa culture created a peaceful Japan. The people were content, the government was stable, the economy was strong, and these aspects led to a positive culture in Japan, at least till the early 1800’s. The last aspect of the Tokugawa Period related to politics, government, and culture: foreign relations. The government in Japan, before 1850, had no desire to interact with any foreign countries. This isolationist policy was called Sakoku. The reasons for this policy are unclear, but Japan clearly did not want to have anything to do with the world. The Tokugawa government did not attempt to have relationships with any surrounding nations, and discouraged other Asian nations from interacting with Japan. This policy of the government was enforced from the top down. When foreigners, such as the Dutch, came to Japan, the people were forbidden to interact with them. This was because the government resented having the Dutch, or any other foreign power, in their country. So, during the Tokugawa period, Japan strove to be isolated from the World, both politically and culturally. In the mid 1800’s, the rule of the Tokugawa started to crumble. The political structure was growing weak and outdated, as was Japan’s social structure, and its foreign relations. In 1868, the Tokugawa rule officially collapsed and the Meiji took over power. The Meiji Restoration was headed by discontented samurai who were not satisfied with their position under the Tokugawa. After studying the politics, culture, and foreign relations of the Tokugawa period, these same aspects of the Meiji Period need to be examined to determine the whether the Meiji Restoration was a dramatic break point, or merely a transition. The first changes made were in the political structure and government. The Meiji decided that the politically fragmented system of the daimyo had to be completely overhauled. So immediately (after coming into power) in 1868, prefectures were established to replace the daimyo. The main goal in establishing the prefects was (to create) a national and bureaucratic state. All of the leaders of the prefects would report directly to the emperor in Tokyo, and would collect taxes to pay the samurai and the central government. These prefects extended the power and reach of the central government. A Genroin (senate) was also established. The second major political change was the rise of the emperor. In Tokugawa Japan, the emperor was more of a figurehead, but under the Meiji, the emperor held extensive executive power. The rise of the emperor gave the government legitimacy in the eyes of the people. The creation of this new bureaucratic state was a very important step in the history of modern Japan. The Meiji leaders inherited and modified the Tokugawa bureaucratic rule of the samurai. The (final) success of the Meiji Restoration of the government came in 1889 when a Constitution was written and ratified. The Constitution gave Japanese people rights they didn’t have before. In Chapter II of the Constitution I has laws such as, â€Å"No Japanese subject shall be arrested†¦unless according the law.† (Meiji Constitution, Chapter II, Article 23) There were more laws that protected the people, this (being but) is only one example. Japan was now under an ordered and stable rule, one that was modern and centralized with the holy emperor at its head. The culture of Japan also underwent major changes during the Meiji Restoration. The first, and most significant change that was made was the abolishment of the class system in Japan. With the abolishment of the class system, the Japanese emphasis on heredity was destroyed. Ones family line no longer determined what social class they would belong too, but rather, social standing was determined by ambition, education, and wealth. So, personal ability became extremely important for the first time. The second significant change in culture related to the emperor. With the rise of the prestige and importance of the emperor and empress, Japan’s culture changed to one (of) loyal to the royal family. Nationalism grew exponentially among the common people, who now had someone to look (up) to in their government. Shinmin No Michi wrote, â€Å"The Imperial family is the fountain source of the Japanese nation, and the national and private lives issue from this.† (Sources of Japanese Traditions, pg. 1001) Popular rights and freedoms also became very important. Under Tokugawa rule, individuals did not have very much personal freedom, but under the Meiji, commoners had freedom. The third significant cultural change was a move away from traditionalism and into modernity. During the Tokugawa period, the people thought little of change and progress, but the Meiji Restoration changed that completely. Once the rigid social structures were abolished, the people before to flex their cultural muscles. They moved into the large cities where they enjoyed markets and shopping. Cafes appeared that offered good food, conversation, and also the Jokyu (modern prostitute). These were a classier alterative to the relatively poor Licensed Quarter. After the change in culture and government came significant changes to foreign relations we well Previously, Japan had been very isolated. But after the Meiji restoration, Japan became more and more exposed to Western culture, and realized that it was falling behind the world. So, Japan began taking huge steps to learn about the West. The most important was the Iwakura Embassy (1871-1873). In this, the Japanese reformed treaties it held with other countries, and also sent people to other countries to study them in detail and report back to Japan. Basically, Japan opened itself up to the influence of the world, everything from fashion to government and imperialism. Based on (a careful analysis of )this information on Japan before the Meiji Restoration (Tokugawa Rule) and after, the answer to the question of whether it was a â€Å"dramatic break point’ in Japanese history is no. (Not sure if this is the conclusion that you are supporting. All of your example and analysis show a significant contrast between the Tokugawa Rule and the Meiji rule. If all of these differences and contrast are true then the conclusion should be, yes, this was a breakpoint in Japanese history. ) History shows the Tokugawa rule set many of the foundations needed by the Meiji for their Restoration. Tokugawa politics were becoming outdated and ineffective, the culture was suppressive and not malleable, and Japan could not remain isolated from the world for very long in the dramatic global changes in the mid-1850’s. Japan was ripe for change, and it seems that the Meiji Restoration should be called a dramatic change, and not a breaking point in the his tory of Japan. The reasons the Restoration was so sudden was because Japan had held off on change for many years during the Tokugawa rule. And when it collapsed and the Meiji took over, Japan was ready for something new. The Meiji Restoration would not have been so easy had Japan not been ready for significant changes in their government, culture, and foreign relations. So, based on the facts given, the Meiji Restoration was not a break in Japanese culture, but merely a culmination of circumstances that warranted and encouraged drastic changes in Japan in 1868 and the years following. Research Papers on The Meiji Period of Restoration - Japanese History PaperAssess the importance of Nationalism 1815-1850 Europe19 Century Society: A Deeply Divided EraQuebec and CanadaPETSTEL analysis of IndiaBringing Democracy to AfricaWhere Wild and West MeetCapital PunishmentNever Been Kicked Out of a Place This NiceInfluences of Socio-Economic Status of Married MalesAppeasement Policy Towards the Outbreak of World War 2

Analysts dispersion forecast Essay Example | Topics and Well Written Essays - 500 words

Analysts dispersion forecast - Essay Example Analyst forecasts refer to public reports or announcements made by analysts on security valuation. The forecasts emphasise the strengths and concerns from their analysis of the information of the Company and are commonly used by the investors as indications of the direction and target price of an underlying security. Consequently, they have a real material impact on the movement of the security. So as to evaluate the impacts of these forecasts on an aggregate basis, our management team has focused their research in Analyst Forecast Dispersion. In order to measure investor sentiment of an underlying security, Analyst Forecast Dispersion measures the difference in analyst opinions. A large measure or an increase in dispersion is an indication that there is greater aggregate uncertainty in analyst views in regard to the direction and the target price of an underlying security, and vice-versa. The security is expected to generate lower returns due to the less certainty in regard to the i ntrinsic value; this in effect indicates a negative correlation between future returns and the Analytical Forecast Dispersion. At the beginning, this report examines the historical data for security returns and the Analyst Forecast Dispersion between the period 1983- 2005. Having examined the historical data, we will then identify the importance of the relationship between the two variables so as to drive an appropriate trading strategy. Based on our analysis, there is sufficient empirical evidence confirming our hypothesis that there is a significant negative relationship between the two variables for the hedged portfolios and the Fama-MacBeth analysis for the smaller cap firms. For that reason, therefore, out team would wish to propose a short term momentum strategy through a short position in securities that have high dispersion and a long dispersion in securities with low dispersion. The approach will focus on small-to-medium cap-sized firms on a one month

Recommendation Essay Example | Topics and Well Written Essays - 250 words

Recommendation - Essay Example His strength of character has made him a noteworthy individual and has propelled him into positions of leadership. This leadership is especially shown on the individual level as he has proven to be a very caring individual. We understand that these schools provide challenging academic environments. This student does not have a strong GPA, but there are reasons for this fact. His transfer from a low level school to one that was more challenging resulted in a period of adjustment. Once the adjustment was made, however, he has shown that he is capable of ever-increasing academic challenges. He is not a finished product. He is still growing and learning and needs the challenge of attending Emory, Carnegie or NYU. Thank you for considering this request. We feel that this student must be recommended to one of these schools because this is where he can realize his full potential. He may not appear to be the typical candidate when the raw numbers are examined, but his work ethic and strength of character warrant your