Love in Shakespeares Sonnets

Love in Shakespeares Sonnets Introduction In his poem, Scorn not the Sonnet (Poetical Works, 1827), Wordsworth famously said that the sonnets were the key with which Shakespeare unlocked his heart and whilst this can certainly be seen to be the case, the sonnets do much more than that. Writing of various forms of love, and indeed of love itself, using the contemporary sonnet form, Shakespeare develops the aspects of love which the sonnets reflect into an all-encompassing discussion on the major themes of life itself that continue to inform and direct the human condition, a fact which is perhaps partly responsible for their continuing popularity with both public and critics alike. This dissertation sets out to discover, through close reading of carefully selected representative sonnets and critical context, the way Shakespeare accomplishes this. The sonnet form as Shakespeare, whose 154 sonnets were first published in 1609, and his contemporaries used it was introduced into England in the sixteenth century by Sir Thomas Wyatt who translated sonnets in the Petrarchan form from the original Italian: As we should expect in a period when he [Shakespeare] was beginning to write the sonnet, allusions to Petrarchism become increasingly common. (Whitaker, 1953, p. 88) The Shakespearian or Elizabethan sonnet form differs from the Italian, originally developed by Petrarch in the fourteenth century, principally in form. Both styles are usually comprised of fourteen lines but have a different rhyme sequence and structure. The Petrarchan sonnet consists of an octet (a sequence of eight lines in which the theme is opened) and the subsequent sestet (which reflects on the theme it has introduced), whilst the Shakespearian is structured in iambic pentameter in three quatrains and a couplet, the three quatrains rhyming in abab form and the final couplet rhyming cc. It is important to understand Shakespeares structure because it so often reflects the theme, with the three quatrains each addressing a different aspect of the sonnets focus and the couplet usually providing an epigram summing up the idea which the sonnet reflects. Indeed, Shakespeare does not only use the sonnet form in his poems but also within his plays, incorporating what a contemporary audience would recognise to be evidence of true and even holy love. The most famous example of this is in the first meeting between Romeo and Juliet, written in 1594, where their words are exchanged in sonnet form: Romeo: If I profane with my unworthiest hand This holy shrine, the gentle fine is this: My lips, two blushing pilgrims, ready stand To smooth that rough touch with a tender kiss. Juliet: Good pilgrim, you do wrong your hand too much, Which mannerly devotion shows in this; For saints have hands that pilgrims hands do touch, And palm to palm is holy palmers kiss. Romeo: Have not saints lips, and holy palmers too? Juliet: Ay, pilgrim, lips that they must use in prayer. Romeo: O, then, dear saint, let lips do what hands do; They pray, grant thou, lest faith turn to despair. Juliet: Saints do not move, though grant for prayers sake. Romeo: Then move not while my prayers effect I take. (Shakespeare, William. 1954. Romeo and Juliet, Act I, Scene v, p. 30) This is an excellent example of the innovative way in which Shakespeare uses the sonnet form and it is therefore appropriate to look at it in detail in the introduction to this dissertation in order to show the aspects of love with which the discussion will be concerned: From the early poems to the young man of rank, urging him to marry and have a son, through the idealising attempts to negate the space of social difference in the mutuality of private love, to the bitter wit of the Will poems to the dark woman, the player-poet seeks to reduce the gap between addresser and addressee that is the very condition of the Petrarchan mode. It has not escaped commentators or audiences that in Romeo and Juliet Shakespeare represents a moment of reciprocity via the archetype of in commensurability: a sonnet, uniquely shared by Romeo and Juliet in Act 1. (Schalkwyk, 2002. p. 65) In the first quatrain, Shakespeare has Romeo, who was previously infatuated with Rosaline, a state we are given to understand that he has often found himself in before this, declare his feelings in holy imagery which Juliet, in the second quatrain, immediately picks up on and develops. Thus, though inversion of the traditional male role as director is not removed, Shakespeare gifts Juliet with an aspect of equality with Romeo, by making her his equal in wit, a gender specific imperative which is found in both his plays and sonnets alike. Moreover, in the third quatrain, the lovers share their feelings and the structure itself, with each taking separate lines of the sonnet. This mutuality reflects how the play will develop, with Juliet continuing to grow in strength, and also shows the importance of the connection between what appears to be love and what is true love, associated fundamentally with God, as evidenced by the religious imagery of pilgrims and saints and perhaps most impor tantly palmers, which signifies one who has made the pilgrimage to Rome. The contemporary audience would recognise this first dialogue between the lovers as emblematic of true love precisely because it is expressed in the sonnet form. Also, Shakespeare establishes the connective between true love and religion which, as will be seen in the dissertation discussion, is another feature of the sonnets as a whole and indeed the sonnet form. The way in which Romeo and Juliet share the sonnet is, as is noted above (Schalkwyk, 2002. p. 65), very different from the way that the older Petrarchan sonnet form implements the structure to address the theme or indeed object of love. Shakespeares concept of love as expressed in the sonnets is essentially based upon reality, human beings interacting or regarded as representative of love without the necessity to involve the idea of worship as is certainly the case with Petrarchs Laura. Although many of the sonnets are addressed to an unknown and somewhat generically enigmatic female, referred to as the Dark Lady by critics, the sense of the sonnets being concerned with human love in all its aspects is always primary, as Shakespeare writes in Sonnet CXXX: I grant I never saw a goddess go; My mistress, when she walks, treads on the ground: (Shakespeare, William. 2003. Shakespeares Sonnets. ed. Katherine Duncan Jones. p.375) This is a thought that he completes by following the colon with a couplet summation that despite this, or perhaps because of it, his love is as rare as any belied with false compare. It is clear that love for Shakespeare is as concerned with humanity as much, if not more, than the conception of love and the distant, silent, object of that love as divine. Thus, the idea that Romantic love has little to do with love as it is actually experienced is another aspect of love with which the sonnets are concerned and which this dissertation will address. Indeed, one imperative which seeks to involve a less direct form of love is the notion of Platonic love, or love as an ideal, as expressed in Sonnet CXVI: Let me not to the marriage of true minds/Admit impediments (Shakespeare, William. 2003. Shakespeares Sonnets. ed. Katherine Duncan Jones. p.343). It is generally accepted that the first seventeen of the sonnets are addressed to a young man and in these Shakespeare turns more frequently to the idea that marriage should be the object of a mans life. However, he then turns, in sonnets XVIII-CXXVI, to homoerotic expressions of love to a man, identified, simply because of the dedication on the first (possibly unauthorised) publication, by Thomas Thorpe, as Mr. W.H.: The interpretation of the expression only begetter is doubtful. Did Thorpe mean that Mr. W. H. was the fair youth of the sonnets (though on this reading the dark lady also has a claim as a begetter, to some of the sonnets), or was he merely the gentleman who gave Thorpe the manuscriptMr. William Harvey perhaps, who in 1598 married the widowed mother of Lord Southampton? The manuscript can only have come from one in the innermost circle of those who knew Shakespeare and his noble friend. If Southampton was the friend, William Harvey may have been the only begetter. (Alexander Nisbet, 1935, p. 94) Like the Dark Lady, the young man is not identified within the sonnets and the location of his identity has similarly exercised scholars across the generations. However, although it is certainly true that spurious identification is of passing interest: The identity of the fair youth matters much more to those who believe that the poems grew from personal experience than to those who believe that they are poetic fictions, influenced more by sonneteering convention than by life. (Bate, 2008, pp. 41-2) Bates point is well-taken since the actual identity of the object of love is indeed much less important to an appreciation of the sonnets than their importance as representative of aspects of love: Somehow the poems convince each reader that what he or she sees in them is what is really there. But somehow they then sneak up behind you and convince you of something completely different. (Bate, 2008, p. 43) It might be argued, in fact, that precisely because of the lack of knowledge concerning the individual to whom the sonnets are addressed, readers have formed a generic connective with them across the generations which is cathartic in its anonymity: How do we lesser mortals know to perform our lesser miracles of life? Again we face the enigma of all creation, which Shakespeare himself has simply accepted and has nowhere attempted to explain. What was there when there was nothing? And how does something more forever come from something less? Whether the creation be instantaneous, in six days, or in aeons of ages the miracle is no less. And in it we live, and move, and have our being. And perhaps, alas!, have in us too little of the poet to see that there is any miracle at all. (Baldwin, 1950, p. 384) Thus, the individual biographical aspects of the sonnets, though of interest, can never be a primary informative and this may, indeed, be beneficial, as we shall hope to see. Chapter One: The Marriage of True Minds Little is known about Shakespeares life and this has given rise to much speculation about his biographical background: It is one of the ironies attendant on the growth of Shakespeares reputation that even the most diligent scholarship has been able to uncover very little of the background of the poets personal or public life. However, the poverty of detail has merely spurred his biographers to increased scholarly, inferential, and imaginative activity. (Marder, 1963, p. 156) What is certain, since it is documented through baptism of the children, is that he was married to Anne Hathaway, a fairly well connected Stratford girl, older than himself, when he was eighteen, and they had three children: a daughter, Susanna, and twins, Hamnet and Judith. Despite this, or maybe because of it, he spent the vast majority of his life away from home in London where most of his writing took place. There has been a great deal written about how happy or otherwise the couple might have been, especially since he left Anne nothing in his will except his second best bed. Many have read this as an insult but perhaps a more appropriate reading is that the best bed was for guests and the second best the marriage bed therefore to bequeath this to his wife, far from being an insult, was a love token. Carol Ann Duffy writes of this in her sonnet Anne Hathaway: The bed we loved in was a spinning world of forests, castles, torchlight, clifftops, seas where he would dive for pearls. (Duffy, The Worlds Wife, 2000, p. 30) This tender version of love would seem much more appropriate, especially since the first seventeen of the sonnets, known as the procreation sonnets, are largely concerned with the recommendation of marriage to a young man. If Shakespeare was so violently against marriage then it seems unlikely that he would have recommended it. However, as always with the sonnets, this is not as straightforward as it seems with the directive to marry being somewhat complicated by other imperatives with which Shakespeare is clearly concerned, not least his affection for the Fair Youth. The early sonnets in the sequence should be considered as they pertain to the question of marriage itself, therefore, rather than as they relate to Shakespeares life: Shakespeares Sonnets raise a number of problems. We do not know when they were written, to whom they are addressed, nor even if they are certainly autobiographical. (Knight, 1955, p. 3) With this in mind it is not only preferable but essential, therefore, to qualify any discussion on the possible relationship between the sonnet topics and Shakespeares life with the reminder that we know so little about the latter that any inferences must be regarded as tenuously speculative at best. Thus, the marriage question which relates to the first seventeen sonnets cannot be seen as directed in any major sense by the poets own life: The greatest sonnets, those which are neither wholly conventional nor wholly autobiographical, preserve this balance between embroilment and detachment in a way which is truly dramatic. A personal experience may underlie each, but it is experience transmuted, as in the plays, into the correlative form of characters in action. To some degree these characters are the dramatic counterparts of actual people-the youth, the dark woman-though they are not the people themselves. Others belong, as personages, only to the microcosm of poetry: Time, for example, one of the most powerful villains among Shakespeares dramatis personae; and above all, Shakespeares own diverse masks and moods, fully realised and understood. (Mahood, 1988, p. 90) The idea that the sonnets are in any way biographical must, indeed, be questioned but it must also be remarked that the way the words are used within the sonnets might be attributable to Shakespeares personal consciousness: The nature of the wordplay in the Sonnets varies according to whether Shakespeare is too remote or too near the experience behind the poem or whether he is at a satisfying dramatic distance from it. When he is detached, the wordplay is a consciously used, hard-worked rhetorical device. When his complexity of feeling upon the occasion of a sonnet is not fully realised by him, the wordplay often reveals an emotional undercurrent which was perhaps hidden from the poet himself. But in the best sonnets the wordplay is neither involuntary nor wilful; it is a skilfully handled means whereby Shakespeare makes explicit both his conflict of feelings and his resolution of the conflict. (Mahood, 1988, p. 90) Thus, when in Sonnet CXVI he writes of the marriage of true minds (Shakespeare, William, 2003, p.343) he is perhaps inviting us to infer a connective between what he writes and what he feels, an altogether different kind of marriage, metaphorical rather than literal and certainly more of the mind than of the heart. As the sequence begins, the poet addresses the youth familiarly but in an almost didactic tone, of the older to the younger, as here in Sonnet I: From fairest creatures we desire increase, That thereby beautys rose might never die, But as the riper should by time decease, His tender heir might bear his memory: But thou contracted to thine own bright eyes, Feedst thy lights flame with self-substantial fuel, Making a famine where abundance lies, Thy self thy foe, to thy sweet self too cruel: Thou that art now the worlds fresh ornament, And only herald to the gaudy spring, Within thine own bud buriest thy content, And, tender churl, makst waste in niggarding: Pity the world, or else this glutton be, To eat the worlds due, by the grave and thee. (Shakespeare, William, 2003, p.113) The importance of this sonnet in establishing the poets themes throughout the sequence must be stressed, as here we see Shakespeare writing of the transience of beauty, the selfishness of the individual, the battle between desire and fulfilment, the beauty of the natural world and its comparative with human beauty (to which he will return in the well-known Sonnet XVIII and elsewhere) and the basic responsibility of man to procreate or, as the sonnet has it, increase and thereby beautys rose might never die. All of these relate to the human condition and also perhaps to Shakespeares own concerns: In the case of a poet, I suggest it is chiefly through his images that he, to some extent unconsciously, gives himself away. He may be, and in Shakespeares case is, almost entirely objective in his dramatic characters and their views and opinions, yet, like the man who under stress of emotion will show no sign of it in eye or face, but will reveal it in some muscular tension, the poet unwittingly lays bare his own innermost likes and dislikes, observations and interests, associations of thought, attitudes of mind and beliefs, in and through the images, the verbal pictures he draws to illuminate something quite different in the speech and thought of his characters. (Spurgeon, 1935, p. 4) Thus, the fact that the boy is referred to in relation to fairest creatures facilitates the poets directive that this places upon the individual a responsibility: beauty is not given to die but to be carried on by the tender heir. The register is imperative and commanding, with the poet adopting the voice of one who has the authority to instruct by reason of superior age and wisdom, hence perhaps the juxtaposition of riper and decrease in the preceding line to reference to the tender heir and memory. The youth is instructed that he is, in common parlance, his own worst enemy, Thy self thy foe, since he does not see the waste of his beauty which lies in his refusal to share his gifts with posterity via procreation. This accusatory tone is extended to the self-abuse of masturbation in Within thine own bud buriest thy content, which also bears the pun of pleasure and substance, and the youth referred to as a glutton and tender churl, the latter implying an indulgence in the chiding of t he boy. This is, of course, the supreme image of the waste with which the poet is concerned since to make a famine where abundance lies is almost seen as a blasphemy, refusing, selfishly, to procreate and eat the worlds due by the selfish pursuit of personal indulgence: contracted to thine own bright eyes, as with Narcissus, in love with his own reflection and failing to see the self-destruction that is inherent in this. In addition, by referring to the boy in terms of a rose, the poet introduces the classic Romantic emblem of love as well as re-emphasising the transience of the poets beauty. This idea of beauty and its connective with nature is again related in terms of a comparative with natures beauty and inveterate perishability in Sonnet XVIII: Shall I compare thee to a summers day? Thou art more lovely and more temperate: Rough winds do shake the darling buds of May, And summers lease hath all too short a date: Sometime too hot the eye of heaven shines, And often is his gold complexion dimmed, And every fair from fair sometime declines, By chance, or natures changing course untrimmed: But thy eternal summer shall not fade, Nor lose possession of that fair thou owst, Nor shall death brag thou wanderst in his shade, When in eternal lines to time thou growst, So long as men can breathe, or eyes can see, So long lives this, and this gives life to thee. (Shakespeare, William, 2003, p.147) The comparison of the transience of natures beauty with that of the youth to whom the poem is addressed is clear, yet the rhetoric of the opening seems to imply an equivocal nature to the connective of the extended metaphor that follows. The tentativeness of the image is also emphasised by this questioning in the first line and it enhances both the intimacy of the register of address and the relationship of the poet with the wider readership. This latter is important because it is so much a concern in the poem, with the idea of immortality attached here to writing as it was previously attached to procreation. The common denominator here is the idea of creation itself and its connective with the eternal. This is perhaps one of Shakespeares more famous sonnets, if not the most famous, therefore it is fitting that in a dissertation concerned with the aspects of love which the sonnets present, attention should be paid to the aspect of the writing which pertains to the process of creation and its connective with the reader. It is interesting to note, indeed, that the poet chooses to stress the importance of the eternal lines which he is composing and how this overcomes the basic transience of life and beauty whether in nature or humanity. Indeed, the punctuation of this sonnet is indicative of its imperative since there is frequent usage of the colon throughout, implying a thought begun and completed in each quatrain, functioning almost as enjambment and enhancing the idea that the many aspects of beauty and life which this sonnet covers are embodied within one thought as evidenced in the single extended metaphor which informs the sonnet as a whole. The poets almost godlike assimilation of the power to grant immortality appears dangerously hubristic in abstract and indeed encourages the inference that Shakespeare was aware of the strength of his poetic gifts and their ability to confer a kind of immorality on the object of love, who by the end of the sonnet has become subject to the sonneteer rather than in command. As the poet is also using his gifts to describe the loved one via nature, the features of the numinous within nature become connected with this hubristic stance. Thus, natures changing course and Chance, which significantly begins a line, are to some extent negated, or at least qualified, by the poets art. Features of life which terrify, therefore, such as death cannot brag in the face of the eternal nature of Art: Shakespeare prophetically felt the immortality and universality of his plays even though he seems to have made no great effort toward their preservation in print. (Marder, 1963, p. 361) This might, this sonnet would seem to suggest, also be extended to the sonnets. Indeed, in daring to criticise the glories of nature, Shakespeare appears to place creative Art above it, since it, unlike all that is natural, survives, only, though, as long as it is appreciated, as the final couplet significantly testifies: So long as men can breathe, or eyes can see, So long lives this, and this gives life to thee. In this way, Shakespeare demonstrates an awareness of the fundamental importance of the connection between writer and reader, reinforced perhaps by his experience as an actor and writer of drama. Hence, the voice of the actor may be perceived in the words of the sonneteer and universality as well as the eternal perceived in both: On this planet the reputation of Shakespeare is secure. When life is discovered elsewhere in the universe and some interplanetary traveler brings to this new world the fruits of our terrestrial culture, who can imagine anything but that among the first books carried to the curious strangers will be a Bible and the works of William Shakespeare. (Marder, 1963, p. 362) Thus, Shakespeare may be seen, via the sonnets and plays, to transcend what is perceived as immediate in aspects of love and engage with the eternal. Chapter Two: I do believe her though I know she lies The potent sexual content of the sonnets becomes a major directive following the romantic turning point of Sonnet XVIII. The sequence moves powerfully from restrained yet poetic discussion of aspects of love to explicit sexual references which are concerned more with lust than love and often deceit is linked to this and this duplicity is most often associated with the heterosexual sonnets. Importantly, the passion is not directed solely towards heterosexual love, instead it involves an equal, if not stronger, reflection of homoerotic desire, with the Fair Youth and the Dark Lady equally powerful in the poets passion, indeed, often the two overlap producing an androgynous aspect to the passion which also appears in the plays: The first thing that startles the reader about the sonnets is the emotional virtuosity of the protagonist. The poems appear to have been composed over a longer period of years, and to cover a greater range of passionate experience, than any one of the plays. In recognizing the variety of moods and attitudes Shakespeare accumulates in the sonnets, we may choose either to admire his protean nature as an actual passionate friend and lover, or to stress his dexterity in accumulating such an extraordinary range of amatory motifs from literary sources. Either his own nature was unusually flexible and susceptible, or he deliberately chose to display the full scope of literary permutations of which emotional relationships are capable. Probably both views are true: he dexterously coordinated first-hand experience with the accumulated resources of the sonnet tradition, from the solemn and sentimental to the cynical and outrageous. (Richmond, 1971, p. 19) This is particularly noticeable in Sonnet XX where the poet longs for the youth to be a woman and the homoerotic replaces the marital directive which appeared in the didactic tone of the first sonnets in the sequence: A womans face with natures own hand painted, Hast thou, the master mistress of my passion; A womans gentle heart, but not acquainted With shifting change, as is false womens fashion: An eye more bright than theirs, less false in rolling, Gilding the object whereupon it gazeth; A man in hue all hues in his controlling, Which steals mens eyes and womens souls amazeth. And for a woman wert thou first created; Till Nature, as she wrought thee, fell a-doting, And by addition me of thee defeated, By adding one thing to my purpose nothing. But since she prickd thee out for womens pleasure, Mine be thy love and thy loves use their treasure.(Shakespeare, William, 2003, p.151) Shakespeare confronts directly here the clear belief that women are duplicitous and deceitful and that the master mistress of his passion, though gifted with a womans gentle heart is not acquainted/With shifting change, as is false womens fashion. The eye, the traditional window of the soul, is more bright but less false. Thus, the poet suggests that the beautiful youth has all a womans best gifts but none of her faults, a state of perfection to be idealised in desire. Shakespeare develops this by writing directly of the sexual difference where the punning prickd is clearly a reference to the redundancy of the penis for the poet. Nature here is the enemy, even the jealous sexual predator, having me of thee defeated thus frustrating the desires of the poet by changing what he perceives to be the original intention, to create a woman, in the addition of the male organ of procreation. The amorphous image appears to be the ideal with neither male nor female specifics to obscure or defeat the perfection of the union. Whether this desire is linked to Shakespeares own desire is equivocal as are all inferences of autobiographical content, it is tempting but dangerous to make too may autobiographical assumptions. However: In depicting this blend of adulation and contempt, and in all those sonnets where verbal ambiguity is thus used as a deliberate dramatic device, Shakespeare shows that superb insight into states of strangely mixed feelings which enabled him to bring to life a Coriolanus or an Enobarbus. Like Freud, he found the causes of quibbling by studying his own quibbles; and the detachment which such an analysis implies imparts to the best of the Sonnets that objectivity we look for in the finest dramatic poetry. (Mahood, 1988, p. 110) Certainly, there is a Freudian homoerotic subliminal here but there is no evidence to suggest that this was an actual experience of the poet any more than we can say that he wrote Hamlet therefore he must have experienced being the Prince of Denmark. To do either is to ignore Shakespeares imaginative genius and his ability to transmute the fancy into the creative, with both forming then a reality which has little if any connection with fact. So, although Shakespeare may have had sexual liaisons with both sexes and been crossed in love, the genius is in producing what can be seen to be unrelated to what might possibly have occurred in fact into an emblem of a generic tendency in humanity to which most of us can relate: If Shakespeares speaker fictionalized the young man, so too he fictionalizes himself (Berry, 2001, p.1). Having said that, Sonnet XX has been seen as offering significant clues not only to the nature of Shakespeares own sexuality but also to the identity of the Fair Youth himself and certainly to the reality of the human image even in its placing, as Kathryn Duncan Jones has pointed out in her notes to her 2003 edition of the Sonnets (the edition used throughout this dissertation): The placement of this anatomical sonnet at 20 may allude to a traditional association of this figure with the human body, equipped with twenty digits (Duncan Jones, 2003, p. 150). The direct connection which Duncan Jones makes between anatomy and imagination in this sonnet is interesting in that it breaches the gap between what might be seen to be metaphorical and what is actually a human figurative. Indeed, she goes on in her Introduction to expand on this: Many more numerological finesses may be discerned. For instance, the embarrassingly anatomical sonnet 20 [which] probably draws on primitive associations of the figure with the human body, whose digits, fingers and toes, add up to twenty (Duncan Jones, 2003, p. 101). As to the identity of the youth to which clues are supposedly to be found in this sonnet, they largely attach to the usage of the word, or name it is suggested, of hue and hues (spelt Hew and Hews in the Quarto). This, it has been mooted, might relate to a specific individual, especially as critics have noted that the name appears in one form or another, even if only in disparate letters, throughout the sonnet. As with much of the investigation into a connective between Shakespeares life and his Art, the link is at best speculative and at worst spurious and in either case somewhat superfluous: The sonnets have an extraordinary capacity to elicit categorical statements from their interpreters. It is announced that the youth is Southampton, the youth is Pembroke, the youth is nobody, the dark lady is Mary Fitton, she is Aemilia Lanyer, she is nobody, the sonnets are based on experience, they are not based on experience, the love was not homosexual, the love was homosexual, the love was a dramatic fiction which ha

Goldeneye and computer

American cinema has changed as American culture has changed. This can be observed by focusing on genre movies produced during different time periods. A fantastic example is to analyze different James Bond movies. The James Bond franchise began with Sean Connery starring in the movie Dr. No in 1962 and is currently still very popular with Daniel Craig starring as James Bond, most recently in Casino Royale. There are some things that never change with James Bond, he always drives stylish cars, uses gadgets and gets the girl or girls.But stylistically the movies have changed as American culture has changed. An excellent example of this is by comparing From Russia with Love (1963) and Golden Eye (1995). Both plot lines deal with Russia and Soviet agents and involve travel to exotic locations. Many plot points are actually almost identical, Sean Connery seduces a Soviet defector and Pierce Brosnan has relations with a Soviet government worker. Both movies deal with finding or stopping an important device, the Lektor and the Golden Eye. Both films also contain unknown evil organizations, S.P. E. C. T. R. E. and Janus. (Broccoli, A. , 1963, Broccoli, B. , 1995) One of the largest differences is the roll of women. The females in Goldeneye are very active in the story line not only as love interests. Xenia Onatopp is the main assassin and second in command to Alec Trevelyan. Nataylia is a Russian computer programmer working with Goldeneye who first appears to be passive as she is the only innocent survivor from the massacre at her work. From Russia with love also has females but their actions are not on par with the men.Tatiana is a Soviet spy that eventually defects because she has fallen in love with Bond, but she doesn’t actually save Bond, her image is much more of the perception of woman from the mid 1900s. The woman was just beginning to become independent and self-reliant. During Goldeneye and the future modern Bond films woman can take care of themselves and they even save Bond! During the Bond era of For Russia with Love women were still very much eye-candy and caused trouble, they haven’t gotten to the point of saving Bond. (Broccoli, A. , 1963, Broccoli, B. , 1995)Do to the advancement of cinematography the stunts are bigger and louder and the gadgets are even more complex and cool. In For Russia with Love James Bond is looking for Lektor a cipher machine used by the Soviet’s. In Goldeneye Bond is trying to find the Goldeneye, a satellite system with killer capabilities. Pierce Brosnan manages to take out Russian buildings with a tank and a Russian armored train. This really is an example of how technology has developed and been incorporated into films.Computers play a large part of Goldeneye and computer usage had not become popular yet during the 1960s and is not featured in From Russia with Love. At the time of From Russia with Love a cipher machine would be very important, where as during Goldeneye space technol ogy has advanced and weapons threat has become very advanced. Bond and Tatiana do travel by train but it is a passenger train, no secret armored vehicle. The clothes, cars and music of the times are incorporated into the films.Despite the fact that Golden is supposed to take place in the mid 1980s the clothes, except for the uniforms are very modern from ten years or so in the future. During From Russia with Love the clothes are very mush from the 1960s and traditional of what one thinks of when they picture Russia. Large thick coats with fur collars, very Dr. Zhivago. (Broccoli, A. , 1963, Broccoli, B. , 1995) Even the quality of the picture and influence of new cameras has an effect on the style of film. Both films are good quality but the more modern films are sharper, you can almost see the influence and advances made using digital images.It is a fascinating time to watch the James Bond films in succession as you see how American culture influences almost all parts of the film e ven down to the costumes. The basic plot lines contain some very similar scenarios but the role of women, influence of technology and advancement of weapons make it possible to place the time period in which each movie was produced. References; Broccoli, A. , (producer), Young, T. , (director), From Russia with Love, USA, MGM, 1963 Broccoli, B. , (producer), Campbell, M. , (director), Goldeneye, USA, MGM, 1995

Us and Them Essay

The story of â€Å"Us and Them† consists of three types of irony: situational, dramatic, and verbal. These types make the story more interesting as a reader. Irony can be used in the sense of tricking the reader into one thing happening, but a completely other event takes place. This keeps the reader intrigued and is excited to see what happens next due to the fact that nothing is predictable.In the story, the child uses a variety of irony, an example of dramatic irony is when Sedaris is spying on the Tomkeys and they are not aware of this. This is an example of dramatic irony because the author of the story knows something that the characters don't. This can entertain the readers by going into the Tomkeys lives without them knowing it.The second type of irony is situational, an example in the story is when the Tomkeys show up at the Sedaris's house a day after Halloween, the author's mom makes him and his sisters go get their candy wanting not to be rude, the author starts ra ting the candy, rating from best to least. After a couple minutes of stalling, his mother barges into his room and starts gathering the candy herself, he starts to stuff his face with the chocolate where he has mentioned before that he gets bad headaches from this candy.This is a type of situational irony because you would not have expected Sedaris to eat the candy that would make him have a terrible headache just so that the Tomkeys couldn't have it. The third type of irony is verbal, an example in the story is when the author's mother tells him to look at himself, the reader would probably expect something else as in a mirror, but the author actually takes a moment to reflect on his behavior and look at how he has acted toward the Tomkeys all because they don't watch TV.This is a good example of verbal irony because this keeps the reader entertained by seeing a new side of the author thats not completely indulged in the Tomkeys's lives. All of these different types of irony can ma ke almost any story interesting and hard to put down, the reader may find it intriguing to expect one thing and completely have another event take place. In this story you will get three different types of irony all at different points in the story, so never will the story be a boring read.

With The Advancement Of Technology It Has Changed The Entire

With the advancement of technology it has changed the entire world and with it the criminal justice system. With Technology becoming a part of peoples everyday lives it is to be expected that technology would cross over into the world of crime. New computer crime has escalated in the past 10 years. As with the advancement of crime it has also made advancements in crime fighting aspect of criminal justice, these advances help criminal justice professionals in the community while on duty and during the investigatory stage. The advent of technology in the criminal justice system has not only changed crime and law enforcement but also changed the way criminal investigation is done and the way the legal system interacts with the criminal†¦show more content†¦One of the biggest computer crimes is Distributed Denial of Service attacks (DDoS) defined as â€Å"techniques or actions involving the use of one or more damaged computers to damage another computer or a targeted computer s ystem in order to shut the computer or computer system down and deny the service of the damaged computer or computer systems to legitimate users† by the Arkansas code. These DDoS attacks are one-way attack someone by affecting their computer network. DDoS attacks send a message to the people running the network that they can be affected, many people use DDoS attacks to make a political statement. One recent DDoS attack against the Luxembourg government was made in late February of this year â€Å"According to reports from the Luxemburger Wort, the attack started at 9.30 am, forcing the web servers of many state authorities offline or difficult to reach. Just over an hour later, the state-owned IT operator Centre des Techniques de l information de l Etat (CTIE) sent a message via Twitter, to confirm that the network was the victim of a DDoS attack† (Millman, 2017) there cannot be a sure reason for the attack but these types of attacks are used in a political context to protest the actions of that nation. Computer crime can be more than just for money it can be a political statement, a warning, or threat of worse to come. It is clear that computer crime is not slowing down or going to slow down â€Å"In theShow MoreRelatedIs Technology Beneficial Or Dangerous?1541 Words   |  7 Pagesinformation technology is that it empowers people to do what they want to do. 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The Impact of Inflation on Share Prices of Tobacco Industry - Free Essay Example

Sample details Pages: 15 Words: 4354 Downloads: 1 Date added: 2017/06/26 Category Finance Essay Type Analytical essay Did you like this example? 1.1 Overview The economies of the world highly depend on the environment and surrounding. These include various economic and social factors as well, which affect the businesses. The share price of any firm is also dependent on such variables beside a companys own profitability and performances. Don’t waste time! Our writers will create an original "The Impact of Inflation on Share Prices of Tobacco Industry" essay for you Create order In past researches, it has been observed that the rate of inflation is inversely proportional to the share prices in developing countries, while this relationship is somewhat neutral in developed countries such as USA and UK, Lessard (1980) suggested. In any case, there has been a long-term impact of inflation on stock prices. 1.2 Research Problem Inconsistent behavior of stock market and share price has been observed in different countries with respect to the Consumer Price Index (CPI). Furthermore, type of industry is another factor which results in variation of the behavior. This study analyzes the impact inflation (CPI) accounts for, specifically on the share price of tobacco industry of KSE-100 index in Pakistan. 1.3 Hypotheses H1: CPI Predicts Share Price for Pakistan Tobacco. H2: CPI Predicts Share Price for Lakson Tobacco. H3: CPI Causes Share Price for Pakistan Tobacco. H4: CPI Causes Share Price for Lakson Tobacco. H5: CPI of Today explains the CPI of future. H6: Todays Share Prices of Pakistan Tobacco explain the future share prices of Pakistan Tobacco. H7: Todays Share Prices of Lakson Tobacco explain the future share prices of Lakson Tobacco. 1.4 Outline of the Study The research studies the impact of consumer price index (CPI) on the share price of tobacco industry in Pakistan. The research also studies the positive or negative impact of inflation, and the extent to which inflation affects the share prices of KSE-100 index tobacco companies. 1.5 Definitions Consumer Price Index (CPI) Price index is used for measuring inflation. It measures price level with respect to a selected base year. There are different kinds indices used for measuring inflation. Consumer price index (CPI), sensitive price index (SPI), and wholesale price index (WPI) are used in Pakistan. This research is based on consumer price index (CPI) which measures the price level at retail level, directly impacting the consumers spending and saving behavior. CPI in Pakistan is calculated using retail prices of 374 items in 35 cities. CHAPTER 2: LITERATURE REVIEW Several authors have previously analyzed the relationship between inflation and share prices. Cohn and Lessard (1980) found that there is a negative relationship between nominal inflation and share prices in many countries. From investors point of view, it is hard to trace the factors which are playing influencing part along with inflation in changing the stock market behavior. It was also found that factors including change in risk-free rate which affects long term earnings, variation in risk premium, and the variation in actual growth. It was also observed that there were systematic errors at investors end while calculating stock prices when there was high inflation. Crosby and Otto (2000) analyzed inflation and its impact on capital stock using time-series data of many countries, and found that there is a long-term impact of inflation on capital stock in most countries where inflation is not super neutral. In most cases, it was quite difficult to trace any relationship bet ween the two when there is neutral inflation behavior in a country. It also revealed that most economists consider a negative relationship between stock market and inflation. The reason for such behavior is due to inclusion of both public and private stock in analysis, while both stocks usually have different responses to the inflation. Inclusion of both created a thin line between near-to-none relation and a positive long-term impact. It was suggested that individual countries must be analyzed first, reason stated, different factors are exclusive to countries which accounted as one of the reason. Interest, taxation, and impact of other economic factors on capital markets including private and public, can be treated separately and differences can be identified for a reliable analysis. Garber (1982) argued that the hyperinflation in Germany resulted in some transition costs which were the results of non-subsidizing of investments in private sector. Similar behaviors from state authorities lead to a positive relationship among private stocks and the inflation. Furthermore, different treatments of tax departments nominal interest deductions and depreciation often results in such relationship between the two variables within a country. Durre and Giot (2005) used Fed model to test the relationship between stock prices, earnings, and interest rates while aiming at the possibility of a long-term relationship. Fed model relates the government bond yield of 10 years with stock yield. It also argued the theoretical flaws of the model, and arrived at opinion that it does not take into account the issue of inflation illusion correctly. Therefore, its result incorrectly show lowered stock prices with the increase in inflation. While on the other hand, low inflation results in higher Price-to-earnings ratio. During the analysis of 13 countries by Durre and Giot (2005), results showed that there is undoubtedly a long-term relationship among earnings, stock prices , and bond yield in more developed countries such as United States and United Kingdom. But, the bond yields relationship is not considerably significant, and therefore it does not affect stock market equilibrium significantly. Considering the short term impact, a relationship between stock returns and bond yield was found. It was due to the reason that most analyst emphasize on valuation ratios such as price-to-earnings ratio. Argument that low earning yields and high stock prices are the result of low interest rates was proved wrong. Examining the relationship among macroeconomic variables and stock market, Adam and Tweneboah (2008) revealed that macroeconomic variables such as inflation, interest rates, net foreign direct investment and exchange rate have a significant impact on share prices in the long run. This long-run analysis was tested using Johansens multivariate co-integration test. It also revealed the positive correlation between inflation and share prices. Similar fi ndings were from Anari and Kolari (2001) where results also revealed that stock market provides hedge against inflation, while long-term relation was evident among inflation and share prices. Comparing interest rates, FDI, exchange rate and inflation as an impacting factor on share prices, as tested by Adam and Tweneboah (2008), the interest rates affects the share prices more significantly than inflation and therefore it was an indicator for investors to pay attention on interest rates. Foreign Direct Investment and Exchange Rates impact were next in line. CPIs impact is minimal when compared to those macroeconomic variables. Analysis of relation between inflation and real stock returns by Day (1984) showed a consistent negative correlation between the two variables. It argued that inflation is directly created and controlled by economys supply of money by government. Analyzed was the market with equilibrium and rational investors. The opinion varied when it studied the relat ion of other economic factors and relationship beyond just inflation and asset pricing. The model suggests the variability in asset pricing and it implies that consumption and investment decision of a firm results in variability in consumption which is lower than the total output. The rational expectations and market efficiency were seen consistent with the variability of asset prices. Fama (1981) is of the opinion that there is a negative relationship between share prices and inflation. It argued that this is because of a prominent negative linkage among inflation and real activity. While, positive relation is found between share prices and real activity. Since the 3 variables are linked to each other, the final share prices and inflation have an inverse relation. Later the evidence is mixed when negative coefficient turns insignificant in the regression after base money growth is also added to the model. Nevertheless, the share prices always reacted negatively to the inflation. On the other hand, the movement of share prices is considered positive with inflation since returns from real assets are claimed to be real returns. Therefore, the shares are considered a hedge against inflation. Kool and Hafer (1986) research based on the findings of Fama (1981) and argued that negativity of stock prices and inflation is because of a inverse correlation between unexpected inflation and the output. Evaluating the post-1950 period it is found that real activity has an impact on share prices and the impact of inflation on share prices is quite different from zero. Post 1980 results favor the Fama Hypothesis. While, the results from pre-1950 period goes straight in favor of orthodox theory where a positive correlation between real activity and stock returns noticed dominating the inflation impact and future activity. New York Stock Exchange Index declined by 68 percent during 1965 to 1981, and the dividends and returns were fallen close to zero during the period . As suggested by Fama (1981), the higher inflation rate is the main reason that caused such downfall in the market. It was also observed that tax system was also to be blamed for higher inflation which resulted in share price issue. Feldstein and Martin (1980) also argued that tax system is somehow responsible for the inflation. Historic cost method of depreciation and capital gain taxation are the factors which cause the stock returns to fall with the increase in inflation. While, it also decreases the value of the debt a firm holds, and therefore the return on bonds are also reduced. The expectation of increase in tax and inflation has an effect to some extent on share prices. Another reason was debated by Malkiel (1979) suggesting that the decline of Stock Exchange in USA occurred while there was an evident risk of capital investments during 1970s. It shows that impact on a firms capital due to gross marginal return increased after 1965 which also resulted in the riskiness of investor returns from holding stocks. Increase volatility of stock returns is also observed which shows the variance of return on NYSE Index. During the period, variance continued to increase, and this fluctuations caused variation in firms gross marginal return on capital and increment in variance of inflation as well. Unforeseen events, such as, fluctuations in regulatory, exchange rate, and competition of market players, that affect capital gains and losses are usually unrealized. Thus, it makes it difficult to measure the return on capital smoothly. But, the variance can still be calculated from the data available at stock markets. Malkiel is of the opinion that whatever these fluctuations do, but it definitely affect the business environment and makes it more uncertain. Fama (1981) results also points indirectly to the correlation real economic variables and gross marginal return on capital. The volatility of gross return is linked to the volatility of inflation, which h as a negative correlation with returns when unanticipated. On another end, volatility is also responsible for riskiness of bonds. Though, it is unclear if this volatility increases the share value while making bonds riskier, and not the other parameters such as tax rates. Pindyck (1983) found that behaviour of gross marginal return on capital is the actual reason affecting share prices. Analysis discusses that there are controversies regarding the variance since results showed it doubled while other authors are of the opinion that expectation of return fell. The two changes actually depend on how investors consider this risk and make decisions accordingly, analysis suggests. Developed model is simple and only utilized asset returns, asset demands, and share prices. Though, the model limiting factors were known to be reliance on rational share valuation, income streams in consumption, and consideration of only two assets in portfolios. Use of a partial equilibrium framework was al so another limiting factor. These limitations made it difficult to analyze the results but to an appreciable extent, it proved that share price increases when there is an increase in capital stock, while there is a negative relation between inflation and returns. Investors perception of risk is another issue Pindyck considers difficult to measure. Analysis emphasized that it can be measured to a good acceptable level using sample variance of stock market returns, but the use of survey data is even better in measuring it. Analysis also argued that non-negligible probability of economic catastrophe makes the capital risky even if the volatility in stock returns does not exist. Subhani (2010) found that there is a relationship between KSE-100 Index and CPI. Though, the relationship is negative. Analysis also found that it is participants perception which causes inconsistent effect to trading. Participants response to the CPI announcements varies and causes declining trade volume variably. Schwert (1981) analyzed daily stock returns and concluded that any unexpected inflation or a negative news regarding stock market reacts in a negative response from stock market as well. Meaning, if inflation rises, the stock price falls. Feldstein (1983) found that higher inflation rate results in decreasing ratio of share prices to before-tax earnings. The main factors that cause it are historic-cost depreciation and the increasing tax on capital gains. Both factors, caused by inflation, decrease the return on capital. It also revealed that investors are often responding differently to tax related news, and at times the share prices fall even if the demand price per share is increased by inflation. CHAPTER 3: RESEARCH METHODS 3.1 Method of Data Collection Secondary data was used for conducting this research. Data of consumer price index (CPI) was collected from Federal Bureau of Statistics (statpak.gov.pk) and Economic survey of Pakistan. Share prices of Pakistan Tobacco Company and Lakson Tobacco Company was collected from ksestocks.com and Taurus Securities, a capital management firm. 3.2 Sample Size A sample of 238 observations has been used in the study. Monthly consumer price index from January 1991 to October 2010 has been used. CPI is taken as base year set to 1991. While daily share price of tobacco companies were converted into monthly averages for the same period. Yearly data with 20 observations was analyzed to compare the results with monthly analysis. 3.3 Research Model Same model is used for predicting the share price of Pakistan Tobacco Company and Lakson Tobacco. SPÃÆ'Ã… ½Ãƒâ€šÃ‚ ¯ = ÃÆ'Ã… ½Ãƒâ€šÃ‚ ± + ÃÆ'Ã… ½Ãƒâ€šÃ‚ ²1(INFÃÆ'Ã… ½Ãƒâ€šÃ‚ ¯) + ÃÆ'Ã… ½Ãƒâ€šÃ‚ ²2(INFÃÆ'Ã… ½Ãƒâ€šÃ‚ ¯2) + ÃÆ'Ã… ½Ãƒâ€šÃ‚ ²3(INFÃÆ'Ã… ½Ãƒâ€šÃ‚ ¯3) + ÃÆ'Ã… ½Ãƒâ€šÃ‚ µ Where, SP is Share Price of the company, INF is rate of inflation, ÃÆ'Ã… ½Ãƒâ€šÃ‚ ¯ is selected case, ÃÆ'Ã… ½Ãƒâ€šÃ‚ ± is constant, and ÃÆ'Ã… ½Ãƒâ€šÃ‚ µ is error. Models for both companies were developed for two scenarios, data without auto-correlation, and data having auto-correlation. Auto-correlation was removed by applying square root on rate of inflation and share prices, and log transformation on transformed variables. Removal of auto-correlation resulted in following models. Model for Pakistan Tobacco: (Yearly) SPPakTobacco = -0.444 + 0.161(INFÃÆ'Ã… ½Ãƒâ€šÃ‚ ¯) + 0.469(INFÃÆ'Ã… ½Ãƒâ€šÃ‚ ¯2) + 0.073(INFÃÆ'Ã… ½Ãƒâ€šÃ‚ ¯3) (Monthly) SPPakTobacco = -0.440 + 0.360(INFà Æ'Ã… ½Ãƒâ€šÃ‚ ¯) + 0.443(INFÃÆ'Ã… ½Ãƒâ€šÃ‚ ¯2) 0.440(INFÃÆ'Ã… ½Ãƒâ€šÃ‚ ¯3) Model for Lakson Tobacco: (Yearly) SPLaksonTobacco = 0.002 + 1.398(INFÃÆ'Ã… ½Ãƒâ€šÃ‚ ¯) 0.008(INFÃÆ'Ã… ½Ãƒâ€šÃ‚ ¯2) 0.220(INFÃÆ'Ã… ½Ãƒâ€šÃ‚ ¯3) (Monthly) SPLaksonTobacco = 0.048 + 1.428(INFÃÆ'Ã… ½Ãƒâ€šÃ‚ ¯) 0.040(INFÃÆ'Ã… ½Ãƒâ€šÃ‚ ¯2) 0.225(INFÃÆ'Ã… ½Ãƒâ€šÃ‚ ¯3) Auto-correlation was present in non-transformed variables. Following models were created when auto-correlation was not removed. Model for Pakistan Tobacco: (Yearly) SPPakTobacco = 258.940 2.986(INFÃÆ'Ã… ½Ãƒâ€šÃ‚ ¯) + 0.012(INFÃÆ'Ã… ½Ãƒâ€šÃ‚ ¯2) 0.000001(INFÃÆ'Ã… ½Ãƒâ€šÃ‚ ¯3) (Monthly) SPPakTobacco = 242.534 2.654(INFÃÆ'Ã… ½Ãƒâ€šÃ‚ ¯) + 0.010(INFÃÆ'Ã… ½Ãƒâ€šÃ‚ ¯2) 0.000001(INFÃÆ'Ã… ½Ãƒâ€šÃ‚ ¯3) Model for Lakson Tobacco: (Yearly) SPLaksonTobacco = 725.421 11.521(INFÃÆ'Ã… ½Ãƒâ€šÃ‚ ¯) + 0.054(INFÃÆ'Ã… ½Ãƒâ€šÃ‚ ¯2) 0.0000068(INFÃÆ'Ã… ½Ãƒâ€šÃ‚ ¯3) (Monthly) SPLaksonTobacco = 424.803 7.050(INFÃÆ'Ã… ½Ãƒâ€šÃ‚ ¯) + 0.035(INFÃÆ'Ã… ½Ãƒâ€šÃ‚ ¯2) 0.0000043(INFÃÆ'Ã… ½Ãƒâ€šÃ‚ ¯3) 3.4 Statistical Technique Statistical technique used in this research is Cubic Regression. Data is transformed into new variable with square root transformation, and then log transformation on that transformed variable, to remove the auto-correlation. Two variables are taken into account for each model and share price of both tobacco companies are predicted separately. Having said this, two variables used in each model are share price and rate of inflation, both are having cubic relation. CHAPTER 4: RESULTS 4.1 Findings and Interpretation of the results Yearly Data Analysis was first done on yearly data and then on monthly data. Data had to be transformed since it was not following normal distribution and to remove auto-correlation. Table 4.1.1 Tests of Normality Kolmogorov-Smirnova Shapiro-Wilk Statistic df Sig. Statistic df Zscore(t_cpi) .079 20 .200* .981 20 Zscore(t_pakt) .091 20 .200* .974 20 Zscore(t_lakt) .157 20 .200* .943 20 Sig values of Shapiro-Wilk suggest that data is normal. Pakistan Tobacco Table 4.1.2 Model Summary R R Square Adjusted R Square Std. Error of the Estimate .741 .550 .465 27.029 Table 4.1.3 ANOVA Sum of Squares df Mean Square F Regression 14275.152 3 4758.384 6.513 Residual 11689.029 16 730.564 Total 25964.180 19 With the presence of auto-correlation, model summary suggests that cpi explains 55% of share price for Pakistan Tobacco. The suggested model is also considered fit since sig value in ANOVA table is less than 0.05 Table 4.1.4 Model Summary R R Square Adjusted R Square Std. Error of the Estimate .624 .390 .276 .851 Table 4.1.5 ANOVA Sum of Squares Df Mean Square F Regression 7.409 3 2.470 3.409 Residual 11.591 16 .724 Total 19.000 19 After applying transformation, cpi explains 39% of share price for Pakistan Tobacco, while the model is considered fit. But, the sig value in ANOVA table is not far below 0.05. Lakson Tobacco Table 4.1.6 Model Summary R R Square Adjusted R Square .947 .897 .877 Table 4.1.7 ANOVA Sum of Squares Df Mean Square F Regression 363646.177 3 121215.392 46.359 Residual 41835.309 16 2614.707 Total 405481.485 19 With auto-correlation presence, consumer price index explains 89.7% of share price for Lakson Tobacco. Sig value of ANOVA is also less than 0.05. Therefore, the model is considered fit. Table 4.1.8 Model Summary R R Square Adjusted R Square Std. Error of the Estimate .940 .884 .862 .372 Table 4.1.9 ANOVA Sum of Squares Df Mean Square F Regression 16.787 3 5.596 40.452 Residual 2.213 16 .138 Total 19.000 19 After auto-correlation is removed, cpi explained 88% of share price for Lakson Tobacco. The model is also considered fit since the sig value is less than 0.05. Table 4.1.10 Correlations Zscore(t_cpi) Zscore(t_pakt) Zscore(t_cpi) Pearson Correlation 1 .309 Sig. (2-tailed) .184 N 20 20 Pearson Correlation suggests that there is a high correlation between Lakson Tobacco share price and CPI. But the correlation is not prominent between cpi and share price of Pakistan Tobacco. Monthly Data Raw data did not have normality while auto-correlation was present. Data was transformed using square root and log transformation which converted the data into normal distribution and auto-correlation was removed. Table 4.1.11 Tests of Normality Kolmogorov-Smirnova Shapiro-Wilk Statistic df Sig. Statistic df Zscore(ln_sqrt_cpi1991) .055 238 .081 .977 238 Zscore(ln_sqrt_PakTobaccoSharePrice) .055 238 .078 .974 238 Zscore(ln_sqrt_LaksonTobaccoSharePrice) .148 238 .000 .950 238 Kolmogorov-Smirnov suggests that consumer price index and share price of Pakistan Tobacco is normal. The mean and median for share prices of Lakson Tobacco fell close, and within the range of 5%. Therefore, it was considered for further statistical tests. Pakistan Tobacco Table 4.1.12 Model Summary R R Square Adjusted R Square Std. Error of the Estimate .708 .501 .494 27.575 Table 4.1.13 ANOVA Sum of Squares df Mean Square F Regression 178539.001 3 59513.000 78.265 Residual 177934.110 234 760.402 Total 356473.111 237 With the presence of auto-correlation, Model Summary suggested that rate of inflation explains 50% of share price for Pakistan Tobacco, while the model is also considered fit since sig value of ANOVA is less than 0.05. Table 4.1.14 Model Summary R R Square Adjusted R Square Std. Error of the Estimate .611 .373 .365 .797 Table 4.1.15 ANOVA Sum of Squares df Mean Square F Regression 88.485 3 29.495 46.472 Residual 148.515 234 .635 Total 237.000 237 After applying transformations, which removed the auto-correlation, Model Summary for share price of Pakistan Tobacco and rate of inflation reveals that rate of inflation explains 37% of share price for Pakistan Tobacco. Having considered this, it does not actually cause the share price in the market. Sig value of ANOVA table is less than 0.05, which means that regression model for predicting share price of Pakistan Tobacco is suitable. Lakson Tobacco Table 4.1.16 Model Summary R R Square Adjusted R Square Std. Error of the Estimate .853 .728 .724 78.413 Table 4.1.17 ANOVA Sum of Squares Df Mean Square F Regression 3847422.758 3 1282474.253 208.578 Residual 1438786.372 234 6148.660 Total 5286209.129 237 The presence of auto-correlation in share prices of Lakson Tobacco revealed that the rate of inflation explains 72% of the share price for Lakson Tobacco. While, the model is considered fit having the sig value of less than 0.05 in ANOVA table. Table 4.1.18 Model Summary R R Square Adjusted R Square .928 .861 .859 Table 4.1.19 ANOVA Sum of Squares df Mean Square F Regression 204.119 3 68.040 484.213 Residual 32.881 234 .141 Total 237.000 237 After the removal of auto-correlation, rate of inflation explains 86% of share price for Lakson Tobacco. Comparing with Pakistan Tobacco, Lakson Tobacco is more responsive to rate of inflation in the economy. ANOVA table having sig value of 0.000, which is less than 0.05, states that regression model is suitable for predicting share price of Lakson Tobacco. Beside rate of inflation, other economic factors indeed impact the behavior of stock market. Therefore, CPI alone is not considered a significant predictor of share prices for tobacco industry in Pakistan. Table 4.1.20 Correlations Zscore(ln_sqrt_cpi1991) Zscore(ln_sqrt_PakTobaccoSharePrice) Zscore(ln_sqrt_cpi1991) Pearson Correlation 1 .327** Sig. (2-tailed) .000 N 238 238 Pearson correlation reveals that there is a positive correlation between consumer price index and share price of tobacco industry, but this relation is not very prominent. While, on the other hand correlation between consumer price index and share price of Lakson Tobacco is strong and positive. Auto-correlation test for consumer price index (CPI), share price of Pakistan Tobacco, and share price of Lakson Tobacco, tested with 16-lags, have auto-correlation value between 0.5 and 1, while sig value is 0.000 through-out the cases. It states that todays CPI, share price of Pakistan Tobacco, and share price of Lakson Tobacco explain the future rate and prices for at least 16 months. Study of monthly and annual data resulted in no considerable variations. Therefore, results are considered having similar beh avior among monthly and annual analysis. Figure 4.1.1 Figure 4.1.1 reveals the trend of share prices of Pakistan Tobacco and Lakson Tobacco. It suggests that Pakistan Tobacco prices with relation to the CPI, raised in the beginning. It fell, and then again increased at the end. While, the Lakson Tobacco started to rise late, and fell after very short span of time. Trend of both companies are showing growth in recent past, but at lower level. 4.2 Hypotheses Assessment Summary Yearly Hypotheses B1 B2 B3 Sig Result CPI Predicts Share Price for Pakistan Tobacco. .161 .469 0.073 .043 Accepted CPI Predicts Share Price for Lakson Tobacco. 1.398 -.008 -0.220 .000 Accepted CPI Causes Share Price for Pakistan Tobacco. .161 .469 0.073 .043 Rejected CPI Causes Share Price for Lakson Tobacco. 1.398 -.008 -0.220 .000 Rejected Hypotheses Autocorrelation (16 lags) Sig Result CPI of Today explains the CPI of future. .772 x -.370 (for Lag1) (for Lag16) .000 Accepted Todays Share Prices of Pakistan Tobacco explain the future share prices of Pakistan Tobacco. .667 x -.005 (for Lag1) (for Lag16) .000 Accepted Todays Share Prices of Lakson Tobacco explain the future share prices of Lakson Tobacco. .867 x -.263 (for Lag1) (for Lag16) .000 Accepted Monthly Hypotheses B1 B2 B3 Sig Result CPI Predicts Share Price for Pakistan Tobacco. .360 .443 -0.440 .000 Accepted CPI Predicts Share Price for Lakson Tobacco. 1.428 -.040 -0.225 .000 Accepted CPI Causes Share Price for Pakistan Tobacco. .360 .443 -0.440 .000 Rejected CPI Causes Share Price for Lakson Tobacco. 1.428 -.040 -0.225 .000 Rejected Hypotheses Autocorrelation (16 lags) Sig Result CPI of Today explains the CPI of future. .979 x .697 (for Lag1) (for Lag16) .000 Accepted Todays Share Prices of Pakistan Tobacco explain the future share prices of Pakistan Tobacco. .977 x .503 (for Lag1) (for Lag16) .000 Accepted Todays Share Prices of Lakson Tobacco explain the future share prices of Lakson Tobacco. .983 x .712 (for Lag1) (for Lag16) .000 Accepted CHAPTER 5: DISCUSSIONS, CONCLUSION, IMPLICATIONS AND FUTURE RESEARCH 5.1 Conclusion The research found that there is a positive correlation between consumer price index and share price of tobacco industry in Pakistan. Consumer price index does explain the share price for Pakistan Tobacco and Lakson Tobacco, but it only predicts the portion of it. Other economic factors are also responsible for the change, and that is the reason CPI does not cause the share prices alone. Study revealed that current trend of tobacco industry in stock market explains the future trends. 5.2 Discussion Various studies analyzed that there is a negative relationship between stock market and inflation, while there were many economies there was positive relation, but in both cases, the relationship was prominent in long-term. Consumer price index in Pakistan has a direct impact on consumers as well as businesses, and it has been a key issue for couple of decades. The reason for relatively different impact of inflation on stock market in Pakistan when compared to other economies of the world is behavior of people towards inflation. Increasing inflation results in increase in price of commodities that should have an impact, but it also affects non-related commodities and industries. Inflation and share value of every month has links with the values of past and future. Thus, it also reveals that the change of rates and prices are not only affected by the economic factors, but the values itself are predictors of the values of future. 5.3 Implications and Recommendations Analysis and model of this research can be a good use for financial analysis and researches. It not only helps in studying the relationship between inflation and stock market, but also helps in investing decisions for investors willing to buy shares. For better and more accurate predictions, other economic factors must also be included in the research, making the analysis and investing decisions more reliable for investors and consultants. 5.4 Future Research This research provides a base for predicting share prices of tobacco industry in Pakistan with response to the change in rate of inflation. Share price for other industries and companies can also be predicted using the developed model. Other economic factors can also be included in the research in future, to predict the stock market behavior more accurately. REFERENCES Adam, A. M., Tweneboah, G. (2008). Macroeconomic Factors and Stock Market Movement: Evidence from Ghana. MPRA Paper, 11256. Anari, A., Kolari, J. (2001). Stock prices and inflation. Journal of Financial Research, 24, 587-602. Cohn, R. A., Lessard, D. R. (1980). The Effect of Inflation on Stock Prices: International Evidence, 11470. Crosby, M., Otto, G. (2000). Inflation and Capital Stock. Journal of Money, Credit and Banking, 32, 236-253. Day, T. E. (1984). Real Stock Returns and Inflation. The Journal of Finance, 39, 493-512. Durre, A., Giot, P. (2005). An international analysis of earnings, stock prices and bond yields. National Bank of Belgium, 200509-1. Erb,C. B., Harvey, C. R., Viskanta, T. E. (1995). Inflation and World Equity Selection. Financial Analyst Journal, 51, 25-42. Fama, E. F. (1981). Stock Returns, Real Activity, Inflation and Money. American Economic Review, 71, 545-565. Feldstein, M. (1980). Inflation, Tax Rules, and the Stock Market . Journal of Monetary Economics, 6, 309-331. Feldstein, M. (1983). Inflation and the Stock Market. Inflation, Tax Rules, and Capital Formation, University of Chicago Press, 186-198. Garber., Peter. (1982). Transition from Inflation to Price Stability. Carnegie Rochester Conference Series on Public Policy, 16, 11-42. Kook, C. J. M., Haffer, R. W. (1988). Stock Prices, Inflation and Real Activity: A Test of the Fama Hypothesis. Federal Reserve Bank Research Dept, 1986-001B. Malkiel, B. G. (1979). The Capital Formation Problem in the United States. The Journal of Finance, 34, 291-306. Pindyck. (1983). Risk, Inflation, and the Stock Market. National Bureau of Economic Research, 1186. Schwert, G.W. (1981). The adjustment of stock prices to information about inflation. Journal of Finance, 36, 15-29. Subhani, M. I., Osman, A., Gul, A. (2010). Relationship between Consumer Price Index (CPI) and KSE-100 Index Trading Volume in Pakistan and Finding the Endogeneity in t he Involved Data. Iqra University Research Centre IURC.

John Locke’s Theory of Personal Identity Essay - 1692 Words

John Locke (1632-1704) said ‘To find wherein personal identity consists, we must consider what person stands for †¦Ã¢â‚¬â„¢ (Locke, in set book, p. 275). Therefore, to recapitulate Locke’s philosophy on personal identity it is necessary to clarify how he inimitably used the term ‘person’ and consequently other words, such as ‘substance’ and ‘man’, which he utilized to form his philosophical ideas. Furthermore, his work on personal identity inspired debate amongst many subsequent philosophers and motivated disagreement and as such, it is important to counter Locke’s views with opposing arguments. The primary way in which Locke argued and elucidated his ideas was through the thought experiment, which Locke carefully fashioned as an imaginary†¦show more content†¦37-8). Meaning that these basic ‘substances’ were devoid of consciousness; however, they occupy space with mass and weight and like the immat erial ‘substance’ is not complex enough to have a personal identity. A further sub-category of the term ‘substance’ is the divine or the God ‘substance’, of which Professor Paul Snowdon says that this is, ‘†¦ spread out everywhere, omnipresent, and sustaining lots of other properties that God supposedly has’ (Snowden, ‘Locke on persons’, audio recording, 2011). As Locke’s philosophies were developed and written during the 17th century, a time of political and religious transformation, that resulted in a civil war, God and his judgement on resurrection day were present in most people’s minds. Modern day philosophers such as Paul Snowdon (ibid) and Nigel Warburton (Warburton, 2011, p. 36) agree that this general mood of the population had an impact on Locke’s ideas and therefore his conclusions, thus, this Christian ethic was prevalent within Locke’s ideas. Moving on to more complex †˜substances’, such as plants and animals, Locke explained why this category, for him, did not include a consciousness or ‘self’. He wrote ‘†¦ a thinking intelligent being †¦ has reason and reflection and can consider itself as itself†¦Show MoreRelatedLocke And John Lockes Theory On Personal Identity860 Words   |  4 Pages Personal Identity or ‘Self’ has been a very important topic for philosophers for many years. Personal identity is how you describe or think of being which is derived from memories that have taken place over the years. John Locke was a philosopher who believed that your ‘Self’ or personal identity come from memory which is also referred to as consciousness in Locke’s writings. Locke believed that you are who you are, because your thoughts are yours alone no matter the vessel. However, in this paperRead MoreEssay on John Locke’s Theory of Personal Identity2228 Words   |  9 PagesTo understand Locke’s concept of personal identity it is necessary to understand what he means by identity and what he means specifically by personal identity. 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Research and Health Practice for Patient Falls and Injuries

Question: Discuss about theResearch and Health Practice for Patient Falls and Injuries. Answer: Patient falls and injuries in hospital setting is major challenge to health care quality and patient safety. Fall is associated with negative issues with reduced mobility for patients, poor functioning and poor quality of life (Staggs et al. 2014). Hence, fall leads to dissatisfaction of patients with care and it is risk to the reputation of the organization too. This essay focused on a hospital in Sydney, which is experiencing high fall rates since the past one year. As a research manager, the review of the process and structure present in the hospital has revealed that poor communication between inter-professional team has been the major contributor to falls and adverse events. In relation to this problem, the essay recommends evidence practice to implement best practice for inter-professional communication during fall management. The essay also highlights the barrier or enablers that may make implementing the best practice easy or difficult. It also discusses about the ethical imp lications of the implementing the best practice evidence in clinical setting. In a private hospital in Sydney, poor inter-professional communication has been found to be the major reason for adverse events and high fall rate in patient. This is a serious issue because the nursing staffs and other health care team are expected to engage in adequate assessment of fall risk in patient and collaborate with the team to follow safety protocols and control measures needed for individual patient (Williams et al., 2016). However, lack of clarity among team members regarding the fall prevention practices and poor collaboration method has been the reason for conflict and confusion between staffs. Either the fall risk assessment process is missed or the actions needed after fall risk assessment process is not communicated to all staffs dealing with one particular patient. Hence, patient safety and quality of care at the hospital has been compromise due to poor communication regarding fall management practices among the interprofessional team. The main communication proble m is that health care team has been a failure in communicating with all relevant individuals regarding fall management practices and protocol that needs to followed for patients. Brock et al. (2013) has also emphasized that ineffective communication among inter-professional health care staff is the major reason for medical error and patient injuries. Therefore, finding the best evidence based approach to team collaboration during fall management practices for the hospital is necessary to reduce fall rate and maintain safety of patient during hospital stay. Based on the analysis of peer-reviewed journal article, one best practice that can be used by the inter-professional team to communicate about fall risk and management is adapting the SBAR (Situation-Background-Assessment-Recommendation) tool in clinical setting (Andreoli et al., 2010). The reliability of this evidence and approach to the organization problem is high because the research tested the tool on two teams experience high fall incidence in their clinical setting. The SBAR tool used situation briefing model to enhance team communication around high priority issues needed for fall prevention and management (Beckett and Kipnis 2009). The situation (S) element of the tool will give an idea about the changes in patient status and treatment plan or procedure for particular patient. The Background (B) component of the tool will describe the background to the patient issue such as the diagnosis of illness, risk factor of fall and the reasons for specific action to prevent fall. After this, the assessment (A) element in the tool can direct staffs to conduct adequate assessment to identify physical health related changes in patients and their need for ADLs or functional support. Finally based on the assessment, the recommendation part will clearly give the idea regarding taking the final course of action for the benefit of patient. The best practices based evidence also explained about the best approach needed to successfully implement SBAR and improve communication among interprofessional team. This included giving education to all staffs regarding breaking down communication process to promote safety, using system approach to safety culture and increasing their competence in using the SBAR tool to enhance communication process (Andreoli et al., 2010). Hence, this evidence-based solution has the potential to address the communication related problem at the hospital and reduce fall rates and injuries. While implementing the SBAR tool as best practice to enhance communication related to fall risk and management among interprofessional team, the motivation of staffs and their commitment to adapt the change might act as the enabler in the change process. This is because motivates individuals are more likely to accept the change and adapt new practices in their daily practice. The psychological traits like the external environment around the health care staffs might maximize the effectiveness of the new practice. For example, a culture of safety facilitates all members to contribute to patient safety and comply to all norms to achieve the desired outcome (Randmaa et al. 2014). This also reflects that best practice can be successfully implemented if systems approach to change is followed in hospital. There is certain barrier to implementing SBAR tool in the hospital too. This includes the diversity of the SBAR conversation. For instance, the tool can used in various situations in clinical practice, however to improve the efficacy of the tool for the Sydney based hospital, it is necessary to structure and design SBAR around communicating the issue of fall risk and management only. Therefore, randomly using the tool for non-urgent task may reduce the effectiveness of the practice for improving interprofessional team communication and reducing injuries (Andreoli et al. 2010). Hence, it is necessary to implement SBAR on the context of issues present at the hospital. The efficacy of the evidence based practice of implementing SBAR tool for improving fall related communication among health care staffs can be improved by examining the feasibility and utility of the SBAR tool for long term care. This will depend on taking the feedback from staffs post implementation regarding any challenges faced in using the tool. This will ensure documentation process and communication process related to fall management and prevention is addressed (Renz et al. 2013). The current study discusses the importance of ethics in the recruitment and selection of focus groups for conducting evidence based practice within a clinical set up. In the context of Sydney hospital, where the proposed plan is to implement SBAR tool to enhance communication about fall management practices among health care staffs, the main focus group includes the nursing staffs, clinicians and other staffs. The successful implication of the project is dependent on the education and training of staffs before the implementation of SBAR tool in clinical setting. However, recruiting the focus groups in the project is a challenging task due to many ethical issues and implications during the process. The first ethical issue related to recruitment is that the focus group may not wish to adapt SBAR tool and attend the training program for effectively using the tool for communication regarding fall risk assessment and fall prevention in patient. This means that ethical issues will arise due to conflict of interest among the focus group. In the Sydney based hospital, the primary target is the nurses and clinicians for improving the fall prevention related communication. However, unless they give the approval for change in practice and accept the new tool, the plan will not be successful. The hospital executive has the ethical responsibility to obtain agreement regarding the change in health care practice (Burke, Evans, and Jarvik, 2014). Therefore, the potential solution to this problem would be to engage in a one-to-one discussion with those nursing staffs or clinicians who resist using the SBAR tool for communication. They need to be made clear regarding the potential benefit of th e tool in reducing the workload and reducing medical errors in clinical practice. Secondly, they also need to be assured that the tool is user friendly and it will not disrupt their flow of work. Instead it would facilitate systematic work process without any disruption and adverse event (Krueger and Casey, 2014. Hence, this approach to addressing ethical issues will influence the decision of focus group and it would help to keep the focus group in line with the project objective of adapting SBAR tool for communication. The issue of conflict of interest and informed consent for the project can be addressed by effective communication with focus group about the purpose of change. The study by Newington, L. and Metcalfe (2014) has also showed that many factors influence recruitment of participants to clinically focused research or project. This includes infrastructure, nature of project and characteristics of recruiter and participants. In the area of infrastructure, issues related to regulations surrounding ethical approval and consent of participant was discussed. By focusing on all the above factor according to ethical perspective, the recruitment process can be optimized. Another ethical issue might arise while dealing with focus group in interview and training session. The moderator who will be involved in teaching about the SBAR tool need to conduct the training in an ethical manner. This mean respecting the participants while speaking and appropriately showing them their mistakes or limitations in past communication process (Harris and Robinson Kurpius 2014). Hence, the ethical responsibility as a moderator is to approach and communicate with the focus group in a non-judgmental ways. No judgment should be passed on their personal values and everthing should be done in a professional manner. A very important factor in making the training session successful is to encourage participants to share their thoughts and opinion regarding the project, This helps to avoid tension or conflict between the focus group and understand their concerns regarding SBAR tool. Therefore, based on the ethical issues present, taking informed consent from participants regarding adapting SBAR tool is necessary. Secondly, ethics application form should be developed in a way to inform everything about the project to participants and obtain their approval for the project. The above ethical implications covered the topic of informed consent, sharing information, conflict of interest and appropriate conduct needed during recruiting focus group. The above elements are relevant to certain items in the ethical application form too. For instance, the ethical responsibility of taking informed consent from participant is relevant to the section of details of the research project, research context and risk and benefits of research project for participants. This is because consent is taken from participants only after the ethics application form clearly clarifies the reader about the main intention of the research project, the potential benefits of research project and any risk to participant (DePoy and Gitlin, 2015). Hence, ethical implication of taking informed consent would help to fulfill the requirements of the ethical application form and it would lead to transparency among the focus group. Another ethical implication of the research project was related to respecting the participants and approaching the focus group in an ethical manner. This is relevant to the code of conduct and consideration of ethical principles regarding human participation in the ethics approval form. This element can be covered by providing all staffs informed consent letters related to promote voluntary participation. All provisions will also be provided to the participants to withdraw from the project if they feel that their rights are violated. Protecting the integrity of the participants will be ensured by describing the benefits of the expected results for professional performance of each health care staffs. The element of appropriate conduct in ethical implication is also relevant with the privacy, confidentiality and anonymity component in ethics approval form (Holloway and Galvin 2016). Hence, this part can be covered by the hospital executive describing about the approach they have used t o maintain privacy and confidentiality of the participants in the hospital. The essay describes the problem of fall in a Sydney based hospital due to poor communication in inter-professional health care team. The solution to this problem was proposed by the evidenced based best practice of adapting SBAR tool for fall management related to communication. This tool was found to systematically communicate about fall risk management activities needed by staffs and how to act accordingly. Certain barrier to the implementation of the best practice evidence was also provided. Secondly, many ethical implications in relation to the recruitment of focused group for implementing the recommended solution were also provided. Association was also established between the ethical implication and key component of the ethics application form too. Reference Andreoli, A., Fancott, C., Velji, K., Baker, G. R., Solway, S., Aimone, E., Tardif, G. (2010). Using SBAR to communicate falls risk and management in inter-professional rehabilitation teams.Healthc Q,13(13), 94-101. Beckett, C.D. and Kipnis, G., 2009. Collaborative communication: integrating SBAR to improve quality/patient safety outcomes.Journal for Healthcare Quality,31(5), pp.19-28. Brock, D., Abu-Rish, E., Chiu, C.R., Hammer, D., Wilson, S., Vorvick, L., Blondon, K., Schaad, D., Liner, D. and Zierler, B., 2013. Interprofessional education in team communication: working together to improve patient safety.BMJ Qual Saf,22(5), pp.414-423. Burke, W., Evans, B.J. and Jarvik, G.P., 2014, March. Return of results: ethical and legal distinctions between research and clinical care. InAmerican Journal of Medical Genetics Part C: Seminars in Medical Genetics(Vol. 166, No. 1, pp. 105-111). DePoy, E. and Gitlin, L.N., 2015.Introduction to Research-E-Book: Understanding and Applying Multiple Strategies. Elsevier Health Sciences. Harris, S.E. and Robinson Kurpius, S.E., 2014. Social networking and professional ethics: Client searches, informed consent, and disclosure.Professional Psychology: Research and Practice,45(1), p.11. Holloway, I. and Galvin, K., 2016.Qualitative research in nursing and healthcare. John Wiley Sons. Krueger, R.A. and Casey, M.A., 2014.Focus groups: A practical guide for applied research. Sage publications. Newington, L. and Metcalfe, A., 2014. Factors influencing recruitment to research: qualitative study of the experiences and perceptions of research teams.BMC medical research methodology,14(1), p.10. Randmaa, M., Mrtensson, G., Swenne, C.L. and Engstrm, M., 2014. SBAR improves communication and safety climate and decreases incident reports due to communication errors in an anaesthetic clinic: a prospective intervention study.BMJ open,4(1), p.e004268. Renz, S.M., Boltz, M.P., Wagner, L.M., Capezuti, E.A. and Lawrence, T.E., 2013. Examining the feasibility and utility of an SBAR protocol in long-term care.Geriatric Nursing,34(4), pp.295-301. Staggs, V.S., Mion, L.C. and Shorr, R.I., 2014. Assisted and unassisted falls: different events, different outcomes, different implications for quality of hospital care.The Joint Commission Journal on Quality and Patient Safety,40(8), pp.358-364. Williams, C., Bowles, K.A., Kiegaldie, D., Maloney, S., Nestel, D., Kaplonyi, J. and Haines, T., 2016. Establishing the effectiveness, cost-effectiveness and student experience of a Simulation-based education Training program On the Prevention of Falls (STOP-Falls) among hospitalised inpatients: a protocol for a randomised controlled trial.BMJ open,6(6), p.e010192.