Financial Analysis of Three Supermarket Chains Essay

Introduction The purpose of this report is to undertake financial analysis of the position of the three major supermarket chains (Tesco plc, Morrison plc and Sainsbury plc) in the UK, using the financial tools such as Horizontal and Vertical Analysis and Ratio Analysis. The calculations done are considering the figures from the income statement and balance sheet of these three companies for the last 2 years (2008 2007). Doing these calculations is an effort to find out the current position and if any forecast on their performance. Tesco Plc *Interpreting the Horizontal and Vertical *Analysis The balance sheet’s horizontal analysis reveals the first worrying statistics about the company- the fact that stock level has increased by†¦show more content†¦This clearly shows that minimum resources were applied to credit control. Efficient businesses collect there debt quickly (Black, 2000). From the trend analysis of the earnings per share one can see that earning per share has increased over period of 5 years and so has dividend per share. It would be interesting to see that where the share price value of Tesco plc stands with that of the share markets in last 5 years. The following graph illustrates the share price value of Tesco plc in comparison with FTSE all shares in the last five years. It can be seen that apart from the year 2006, the share price value of Tesco has always been above the FTSE all share market index. {draw:frame} (www.hemscott.com) Morrison Plc The Company was founded by William Morrison in 1899, initially as an egg and butter merchant in Rawson Market, Bradford, England operating under the name of Wm Morrison (Provisions) Limited. At that time Morrisons for many years focused only in north of England. However after acquitting Safeway group of stores in 2004, the company started to expand southwards. Today it has a total of 375 superstores across UK and is fourth largest in the chain of Supermarkets in the United Kingd om. (www.morrisons.co.uk) *Interpreting the Horizontal and Vertical *Analysis Interpreting the Ratio Analysis Ratio Analysis Profitability Ratios Return on capitalShow MoreRelatedWalmart vs Tesco1000 Words   |  4 PagesWal-Mart and Tesco | A Comparative Analysis | | Table of Contents Background and History 2 Culture of Organization 3 Core Values for Wal-Mart 3 Core Values for Tesco 3 Two Powerhouses Globally 4 Existence in current markets 4 Expansion 4 Industry Analysis 4 Strengths 4 Weakness 4 Opportunities 4 Threats 4 Porter’s Five Forces for Wal-Mart 4 Porter’s Five Forces Model for Tesco 5 Financial Analysis 5 Balance Sheet 5 Income Statement 5 Strategy 6 MissionRead MoreThe Grocery And Supermarket Chain Essay1643 Words   |  7 Pagescustomers’ needs (Geunes 2004, p.218). The grocery and supermarket industry develops quite fast in the UK for the past few decades. There are more than 86,000 grocery physical stores operate in the UK now that range form supermarket chains to superstores, convenience stores and traditional retailing stores. Different supermarkets are concentrate on particular market segments in the UK. For instance, Tesco is the most famous British supermarket chain that focuses on middle level markets. Waitrose is aRead MoreInternal And External Factors That Affect The Companys Future Prospects1289 Words   |  6 PagesAll in all, the company’s financial position is very bad in 2015, which was quite well in 2014 and in 2013. 2014 was assumed as the best year with respect to net profit and cash flow from operating activities. On the other hand, year 2015 was well in financing activities only. Similarly, 2013 was the year when the company achieved best assets and equity amount in comparison of past three years and it also played well cash flow from investing as the rest of the year were with the higher negative amountRead MorePricing Strategy1042 Words   |  5 PagesCurrent Crystal Light pricing is at a suggested retail price of $2.56 oz for a 1.4 oz package ($3.54) that includes 10 on the go packets and $1.25 oz for a 3.2 oz canister which can make a 12 quart pitcher ($4.00) according to Pea Pod by Giant supermarket (Peapod.com). The initial pricing strategy for Crystal Light Kicks will take a penetration pricing strategy to introduce the product to assist in dispersing the brand quickly and widely throughout the new market segment. Since the target marketRead MoreMarketing and New Product Line1249 Words   |  5 PagesFOODS 1. 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Based on the background and research, an overview of a solution to the problem and an implementation process to be executed by Tom Rutherford, HR director of Food Chain Supermarkets, Inc. can help withRead MoreA Report On Tesco Plc1711 Words   |  7 Pages1.0 Introduction The purpose of this report is to applies financial ratios analysis indicators in specific to analysis ,comparisons and evaluation of annual report of Tesco PLC and Wm Morrison supermarket PLC .It will be focus on following respects (1)Comparing Tesco PLC and Morrison PLC between 2013 and 2014 respectively. (2) Comparing Tesco PLC and Morrison PLC in 2014. 2 .0 Three limitations of ratio analysis (1)Although Tesco and Morrison operates in similar sectors ,but it is impossibleRead MorePestle Analysis - Waitrose Essay1029 Words   |  5 PagesPESTLE Analysis - Waitrose Political Factors If we want to analyse the political factors which impact upon the company we need to make a general view of the situation in the country. 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Use critical reflective skillsRead MoreKroger Benefits Of Kroger Co1322 Words   |  6 Pagesmilk to soda pop, ice cream and peanut butter† (â€Å"Our History†). Kroger, like most supermarket chains, have their own brands. However, unlike other chains â€Å"26% of Kroger’s total store dollar sales† come from their own privately owned label, not generic brand sales (â€Å"Our History†). Kroger stores offer a variety of store formats that are bound to please every kind of shopper. These store layouts include supermarkets, multi-department stores, marketplace stores, price impact (warehouse) stores, convenience

Process Essay

As a matter of fact, process essay is among the most frequent written tasks in colleges and universities. The main aim of such kind of work is to measure the ability of students to allocate and identify any particular process while keeping all the details of the process. As such, students have to provide a detailed explanation of the process along with its relevance and importance. Hence, the underlying intention of such work is to represent a certain process in such a way that will leave no questions to the audience. In this respect, it is crucial to consider all the major steps of writing a process essay. The Procedure of Writing a Process Essay In fact, the overall procedure of writing such kind of paper requires a well-though-out and thoughtful approach. The first task of the author is to explain the overall importance of the analyzed process. Secondly, it is needed to explain the possible effects the process may have both on objects and people. Thirdly, it is of utmost importance to provide all the relevant information about the process to make the audience fully comprehend its scope. To make a process essay logical it is needed to choose an appropriate number of steps in the particular process along with the difficulties of each step. The Structure of a Process Essay Such kind of essay has a general structure depending only on the amount of the described steps of the process. The introduction should reveal the primary objective of the provided process excluding all the specific characteristics. Besides, it is crucial to mention the actual meaning of the process as well as its common application in everyday life. In fact, this will provide the opportunity for the readers to understand promptly in which spheres it is possible to utilize the knowledge of the process. The overall amount of body paragraphs depends on the number of the stages of the process. In such a way, the body of the paper is a guide to how to perform the process. Each stage or step should have its actual purpose the audience needs to comprehend. The steps also should contain all the required details for the provided procedure involving the main difficulties of the stage and equipment. Finally, the conclusion paragraph demonstrates the results of the process and reveals the overal l significance of the given procedure. Final Steps Like any other kind of written tasks, process essay could be formatted in APA, MLA, Chicago/Turabian and others. As such, it depends on the topic of the paper, the assignment requirements, as well as the subject area. It is crucial to be consistent and follow the one style of the format of all the elements of the paper. Eventually, it is critical to emphasize that during the process of writing such type of an essay, every stage is equally important. Organizing ideas, choosing a topic, arranging a rough draft, editing an essay, as well as creating a citation page are the main elements for writing that enable the writer to deliver a well-thought-out and well-developed work.

What Is The Rule For Forming Questions Within The Simple...

Question 5 (10 points) What is the rule for forming questions in the simple present and simple past in English? Questions in the simple present can be formed in a couple of ways with questions lacking question words such as â€Å"Do† and â€Å"Does† (examples: Do you read short stories? and Does Frank play the violin?), and questions containing question words such as â€Å"What,† â€Å"When,† and â€Å"Where† (examples: What do you type on your laptop?, When does your brother go to school, and Where do you visit your relatives?). To form a question in the simple past, the auxiliary â€Å"did† and the infinitive form of the verb are needed; some examples would include Did I play baseball?, Did you play baseball?, and Did he play baseball? Question 6 (10 points) Give 3 situations in which it is appropriate to use the present perfect. The present perfect tense pertains to talking about things in which a connection exists between the past and the present. For example, She has written five songs. So she began writing songs at some point in the past. Up to now, she has written five songs. She could write additional songs. Accordingly, three situations in which it is appropriate to use the present perfect would include unfinished actions, finished actions, and with â€Å"been† and â€Å"gone.† The present perfect is appropriate when referring to unfinished states, actions, or habits that began in the past and still apply to the present. It typically is indicated for â€Å"how long† with the words â€Å"since† or â€Å"for† needed.Show MoreRelatedEssay on Cancer Cells Made Henrietta Lacks Immortal1165 Words   |  5 Pagesscience and life as we know it today. Her life has finally been portrayed in a very intimate story that not only does her life some justice but also transcendentally brings to mind the philosophical issues concerning medical ethics both of the past, present, and the future. In a world of constantly evolving medical advancement, science is a pivotal force that propels ideas forward. Although most will agree that the knowledge and cures found are a pos itive aspect, there is also a necessary evil thatRead MoreObservation Of Child Observation1096 Words   |  5 Pageswords, images, and drawings, and symbolic thought goes beyond simple connections of sensory information and physical action; stable concepts are born, mental reasoning emerges, egocentrism is present, and magical beliefs are constructed† (Santrock, 144). Jacob is currently in the substage called, â€Å"intuitive thought†, in this stage Jacob is asking many questions on why and how things work in the world. He has asked me or my mother questions like, â€Å"why is it so windy?† or â€Å"why do you have to use the steeringRead MoreDurkheim1434 Words   |  6 Pagesthat this culture may be passionate about. The stronger the passion is for the set value that is coherent to these individuals, the less self-consciousness of the mind there is in the given person. The individual will have less freedom to decide what he or she wants to do given the restraints whether it is a relationship or an economic opportunity. The cognitive thought process intended for this can be explained because these principles that are handed to an individual becomes them and keeps theRead MoreEssay on Teaching: Grammatical Number and Notes21041 Words   |  85 Pagesthe verb that is conjugated into  simple present: Angela ________ carrots for her salad. (cuts) Which sentence is written  in the  imperative? (Listen to your parents.) Select the verb that is conjugated into  present continuous: Rather than shoes, I _________ sandals. (am wearing) Identify the verb tense or mood  of the bolded word(s): Dont stop  believing! (imperative) To discuss activities that are currently in progress, which verb tense would you use? (present continuous) Identify the errorRead More Epic Theatre: The Influences of Bertolt Brecht Essay1474 Words   |  6 PagesCaucasian Chalk Circle (CCC) is a play of two stories which eventually are interweaved. Scene 1 is a prologue to the action of the play that serves as a metaphor for the entire play â€Å"struggle between what is right legally and what right socially†. The protagonist from the first story is Grusha, a simple maid who sacrifices her safety and youth to protect Governor’s child. Scenes 2-4 focus exclusively on Grusha’s story. Scene 5 introduces the protagonist for the second story, the drunk judge Adzak.Read MoreTamil Grammar in Easy English11019 Words   |  45 PagesThamil Paadanool (Draft Version) by Elango Cheran Pronouns / Simple Sentences Pronouns Singluar 1st Person 2nd Person Plural I ehd; eP ePq;fs; mtd; mts; mtu; mJ ehk; ehq;fs; ePq;fs; we (listener included) we (listener not included) you you (with respect) he she he/she (respect) it you 3rd Person mtu;fs; mit they they (those things) Singular / Plural Singular means that a word refers to only 1 thing. Plural means that a word refers to more than 1 thing. 1st, 2nd, 3rd Person FirstRead MoreVarious Perspectives on Free Will Essay3181 Words   |  13 PagesFree will defines the role we play in our own lives. Whether we have it or not maybe the key in linking our world to forces and dimensions beyond what we can see. But, if we do really have free will, it may leave us a solitary species. 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Artificial Intelligence Report Essay Example For Students

Artificial Intelligence Report Essay Recently, the media has spent an increasing amount of broadcast time on new technology. The focus of high-tech media has been aimed at the flurry of advances concerning artificial intelligence (AI). What is artificial intelligence and what is the media talking about? Are these technologies beneficial to our society or mere novelties among business and marketing professionals? Medical facilities, police departments, and manufacturing plants have all been changed by AI but how? These questions and many others are the concern of the general public brought about by the lack of education concerning rapidly advancing computer technology. Artificial intelligence is defined as the ability of a machine to think for itself. Scientists and theorists continue to debate if computers will actually be able to think for themselves at one point (Patterson 7). The generally accepted theory is that computers do and will think more in the future. AI has grown rapidly in the last ten years chiefly because of the advances in computer architecture. The term artificial intelligence was actually coined in 1956 by a group of scientists having their first meeting on the topic (Patterson 6). Early attempts at AI were neural networks modeled after the ones in the human brain. Success was minimal at best because of the lack of computer technology needed to calculate such large equations. AI is achieved using a number of different methods. The more popular implementations comprise neural networks, chaos engineering, fuzzy logic, knowledge based systems, and expert systems. Using any one of the aforementioned design structures requires a specialized computer system. For example, Anderson Consulting applies a knowledge based system to commercial loan officers using multimedia (Hedburg 121). Their system requires a fast IBM desktop computer. Other systems may require even more horsepower using exotic computers or workstations. Even more exotic is the software that is used. Since there are very few applications that are pre-written using AI, each company has to write its own software for the solution to the problem. An easier way around this obstacle is to design an add-on. The company FuziWare makes several applications that act as an addition to a larger application. FuziCalc, FuziQuote, FuziCell, FuziChoice, and FuziCost are all products that are use! d as management decision support systems for other off-the shelf applications (Barron 111). In order to tell that AI is present we must be able to measure the intelligence being used. For a relative scale of reference, large supercomputers can only create a brain the size of a fly (Butler and Caudill 5). It is surprising what a computer can do with that intelligence once it has been put to work. Almost any scientific, business, or financial profession can benefit greatly from AI. The ability of the computer to analyze variables provides a great advantage to these fields. There are many ways that AI can be used to solve a problem. Virtually all of these methods require special hardware and software to use them. Unfortunately, that makes AI systems expensive. Consulting firms, companies that design computing solutions for their clients, have offset that cost with the quality of the system. Many new AI systems now give a special edge that is needed to beat the competition. Neural networks have entered the spotlight with surprisingly successful results. A neural network is a type of information processing system whose architecture is similar to the structure of biological neural systems (Butler and Caudill 5). The neural network tries to mimic the way a brain and nervous system work by analyzing sensory inputs and calculating an outcome. A neural network is usually composed of simple decision making elements that are connected with variable weights and strengths. .uaf6f09645dd7fd2d0f1207d74481894a , .uaf6f09645dd7fd2d0f1207d74481894a .postImageUrl , .uaf6f09645dd7fd2d0f1207d74481894a .centered-text-area { min-height: 80px; position: relative; } .uaf6f09645dd7fd2d0f1207d74481894a , .uaf6f09645dd7fd2d0f1207d74481894a:hover , .uaf6f09645dd7fd2d0f1207d74481894a:visited , .uaf6f09645dd7fd2d0f1207d74481894a:active { border:0!important; } .uaf6f09645dd7fd2d0f1207d74481894a .clearfix:after { content: ""; display: table; clear: both; } .uaf6f09645dd7fd2d0f1207d74481894a { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .uaf6f09645dd7fd2d0f1207d74481894a:active , .uaf6f09645dd7fd2d0f1207d74481894a:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .uaf6f09645dd7fd2d0f1207d74481894a .centered-text-area { width: 100%; position: relative ; } .uaf6f09645dd7fd2d0f1207d74481894a .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .uaf6f09645dd7fd2d0f1207d74481894a .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .uaf6f09645dd7fd2d0f1207d74481894a .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .uaf6f09645dd7fd2d0f1207d74481894a:hover .ctaButton { background-color: #34495E!important; } .uaf6f09645dd7fd2d0f1207d74481894a .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .uaf6f09645dd7fd2d0f1207d74481894a .uaf6f09645dd7fd2d0f1207d74481894a-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .uaf6f09645dd7fd2d0f1207d74481894a:after { content: ""; display: block; clear: both; } READ: Sexual Harassment Essay Each one these elements is called a neurode. The term neurode is similar to the biological neuron. The term was modified slightly to indicate an artificial nature. Memory is stored by a certain pattern of the connection weights between the neurodes. Processing information is performed by changing and spreading the connections weights among the network. Before it can be used a neural network must be trained. Some can learn by themselves, some require training by doing, and oth! ers learn by trial and error. A computer learns by naturally associating items the computer is taught .

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F. Scott Fitzgerald The Great Gatsby Essays

F. Scott Fitzgerald The Great Gatsby Essays F. Scott Fitzgerald The Great Gatsby Essay F. Scott Fitzgerald The Great Gatsby Essay Essay Topic: Literature The Great Gatsby Published in 1925 by author F. Scott Fitzgerald, The Great Gatsby, is considered a literary classic by many critics. The eponymous novel is set in the â€Å"Roaring 1920’s† post World War 1 and tells the tale of Jay Gatsby through the novel’s narrator, Nick Carraway. The exposition begins when we are told of the socio-cultural divide between the upper class of America, by a character who has just moved to Long Island from Minnesota. The clear separation between West Egg and East Egg is an idea explored by Nick, who is a resident of the â€Å"lower-upper† class West Egg. Throughout the novel, it can be observed that events that occur are a direct parallel to the life of Scott Fitzgerald, as he projects characteristics of both Gatsby and Nick that were similar to his own. It is widely believed that the book is written in a manner that is cynical of the American Dream and of the elitist society, in a biased fashion that favours Gatsby. Conversely, Less Than Zero is a novel set in the 1980s and tells the story of affluent college students, who lead hedonistic lifestyles with the security of their parents’ wealth. Brett Easton Ellis’ first novel in his oeuvre is written during the years following the Vietnam War of economic prosperity in Reagan’s America and highlights the fragmented society caused by passionless relationships between friends and family and the lack of morality present in upper class America. The two novels contrast in the cities that they are set in; The Great Gatsby is set in New York’s Long Island, whilst Less Than Zero is set in California on the opposite coast of America. However the behaviour of the two generations is quite similar, and is reflective of the influence of money on higher-class society during the respective periods. In The Great Gatsby, Nick Carraway is not only the narrator, but also a character that actively participates in the novel and it his opinion that dictates how the reader perceives other characters. One obvious example of this is in the novel’s title, as the epithet â€Å"Great† is used to describe a character that the reader has not yet met. This suggests that Nick Carraway idolizes Gatsby in some aspects and to some degree, aspires to what Gatsby represents. â€Å"†¦ Produced like the supper, no doubt, out of a caterers basket. This short extract is taken from a section where Nick is describing a lavish party that is frequently held by Gatsby. The metaphor implies that Gatsby is almost God-like in the way he is able to throw extravagant parties yet remains anonymous to those that attend. During the 1920’s, there was a period of what was known as prohibition, where all alcohol was banned, and yet people are often described drinking throughout The Great Gatsby. This could be a condemnation of upper class society, as it suggests they are just as immoral, if not more so, than the lower classes. Fitzgerald himself went from a family of mediocrity to a sudden rise in splendor through his writings, and can therefore relate to the awe that one might feel when acclimatizing to such a society. Less Than Zero’s narrator, Clay, does not represent its author in the same way as Nick does, however Easton-Ellis uses Clay to magnify the issues that surrounded affluent college students during the 80s. Clay often negatively portrays the actions of other characters, which can be seen as an act of hypocrisy. For example, â€Å"Because you both stole a quarter gram of cocaine from me the last time I left my door open. That’s why. † At this point, Clay accuses his sisters of stealing his cocaine, which they put down to him â€Å"leaving his door unlocked†. This may be a reference to the lack of privacy or a lack of trust within society to such a degree that one cannot trust even their closest family. Nick Carraway is arguably a biased narrator, through his romanticized and idealized description of the novel’s protagonist and adversely, his foil, Tom Buchanan. On their first encounter Nick describes Gatsby’s gestures with authority for example, He had one of those rare smiles with a quality of eternal reassurance in it, that you may come across four or five times in life. It faced, or seemed to face, the whole external world for an instant and then concentrated on you with an irresistible prejudice in your favor. It understood you just as far as you wanted to be understood, believed in you as you would like to believe in yourself† This quotation epitomizes Nick’s admiration for Gatsby before he has properly met him and implies that he has already formulated an opinion based upon rumours he has heard but also based on the party Gatsby invited him to. Once again, this is may be seen as a condemnation of American society by Fitzgerald who shows that capitalist and superficiality was a major factor in defining an individual. Gatsby’s flawless persona does deteriorate as the novel progresses and as Gatsby comes close to achieving his dream, however Nick appears to glaze over this and as a result, preserves Gatsby’s â€Å"greatness† to the reader. The use of the affectation â€Å"old sport† throughout Gatsby’s communication with Nick highlights a friendship that is neither formal nor informal but rather one of an illusionary nature. This is to say that Gatsby uses the affectation in order to evoke a more appealing, intellectual persona. Despite Nick seeing through his facade, he chooses to ignore the matter, instead only becomes more infatuated with what Gatsby represents. â€Å"What part of the Middle West? ’ I inquired casually. ’ ‘San Francisco’ ‘I see† It is apparent that Nick knows San Francisco is not in the Middle West but rather on the west coast yet he chooses not to argue as if Gatsby’s word is unequivocally truth. Claire Stocks puts this infatuation down to a likeness that both men share which is that â€Å"[both men] seem to be the victims of insufficient or thwarted inheritances†¦ They are both forced to work for their living†. It can be suggested that towards the end of Less Than Zero, Clay wants to leave this society as he narrates, â€Å"My eyes keep wandering off the screen and to the two green exit signs that hang over the two doors in the back of the theater† This occurs whilst Clay, Blair and Kim are in the cinema watching a â€Å"gory† film and highlights that Clay does in fact have some form of morality despite the actions that he part-takes in. Easton-Ellis reveals a character that is torn between being moral or following the hedonistic life he is so easily acclimatized to. Fitzgerald also uses Nick Carraway as a way of criticizing the society that he strives to be a part of. This is evident in Chapter 2, where Nick spends time with Tom, Myrtle and Mr. Wilson, â€Å"I was within and without, simultaneously enchanted and repelled by the inexhaustible variety of life. † At this point, Nick may be referring to the â€Å"variety† of classes that are present, as Myrtle and Mr. Wilson are of a lower class, himself of middle class and Tom from the upper echelons of society. It may be seen that Fitzgerald could not stand the behavior of the people he became associated with, however realized that their behavior was a result of what he sought after, in terms of the â€Å"American dream† and therefore feels â€Å"enchanted† by the hedonistic nature of the upper class. Nevertheless, Fitzgerald also highlights the vast socio-cultural divide between classes and as such presents the reader with an ambiguous view of fractured relationships. Clay also presents his own society with undertones of disdain, being cynical of the netherworld through his direct and succinct account of various events that take place. He rarely places emotion or opinion in his description of events and as a result, it seems that he is more of a trustworthy narrator. This is most evident when he recounts the viewing of a â€Å"snuff† movie, â€Å"It looks like a toolbox and I’m confused for a minute and Blair walks out of the room. And he takes out an ice pick and what looks like a wire hanger and a package of nails and then a thin, large knife and he comes toward the girl and Daniel smiles and nudges me in the ribs. † The repeated use of polysyndeton gives the reader the impression that Clay is not properly viewing the movie; instead, he is almost analyzing it as if it were a novel. The lack of sensory description also implies that Clay is trying to distance himself from this and that he sees the crude and disgusting nature of what he is being shown. At this time, snuff films had just been exposed and were not an unknown phenomenon. Therefore, Easton-Ellis may be suggesting that society has lost its moral compass/guidance, being reduced to ignoring such shocking acts. However, in spite of this, Clay does offer himself as a more intellectual individual compared to other characters, by the way he looks at the billboard that is titled â€Å"Disappear Here†. Evidently he does not choose to â€Å"disappear† and instead stays amongst the morally obsolete society that he is attached to and this ultimately leads to the denouement in which he is forced to leave his society. Both novels differ in the tone in which they are written though the contexts are very similar despite being in diverse decades. On the one hand, there is Nick who is biased towards one specific character and seems to show disdain for the society that he once strived for, and on the other, Clay, who has a more direct approach to narration and more expressively communicates the plot to the reader. Overall, the two narrators are used to convey to very different ideas that are relevant to their contexts. The Great Gatsby is narrated such that the reader is almost forced into liking Gatsby despite his clear superficiality, which is upheld by trivial objects such as â€Å"real books† and medals with â€Å"authentic looks†. Less Than Zero poses are more critical view of society, with the narrator becoming confused by the moral ambiguity and generally growing to hate the society that he belongs to as it has been reduced to individualism and by an large a fractured society whereby â€Å"people are afraid to merge†.

Wealth disparity and effects of long-term Unemployment on the United Essay

Wealth disparity and effects of long-term Unemployment on the United States Economy - Essay Example It is important to undertake a critical analysis of unemployment in respect of the article to establish the effects this has on the entire economy of US and any other nation.This article explores the varuios employment related economic issues. It is also importasant to note that the author gives a vivid description of the consequences of unemploymdent and the indirect challenges it will pose on the wealth disparity among citizens. 1.0 Introduction Unemployment is a situation where a person is able and willing to perform tasks or work but is unable to find a job. However, there is no clear definition of long-term unemployment. economists define a period of six to twelve months as a long-term unemployment period. This is when an individual is unwillingly unemployed. Several factors lead to long-term unemployment; some of these factors are facilitated by economic changes such as economic recession, an individual not willing to work or dynamic technological changes (Hollander,2011,45). P reviously, the United States’ labor market had short periods of unemployment for most workers who were jobless; they would be easily absorbed into the labor market. Even though jobless workers especially the elderly had a long unemployment period, the level of long-term was less comparing to other countries. The rise in the long-term unemployment and unemployment rates has severe human, social, and economic costs. Wealth disparity, also known as wealth gap or inequality, refers to state of uneven distribution of financial assets among citizens of the United States of America. Wealth includes automobiles, value of homes, savings, investments and businesses. Those who have a great deal of financial assets have primarily acquired them by appreciation of fiscal portfolios. Hence, financial wealth involves mutual funds, stocks, as well as other investments. Thus, there is a greater wealth inequality than basic net worth disparities (Lubik, 2010,20). Statistics show that the top te n percent possess eighty percent of all financial wealth and the bottom ninety percent only hold twenty percent of all financial assets.Employment plays a vital role in determining the amount of economic wealth hence the observed disparity. 2.0 Discussion Unemployment is risky to the country’s economy and to other countries worldwide as well, with some costs of unemployment being levied to the society such as exchequer cost due to unemployment and social cost. While the short term unemployment may or may not have implications on an individual, long term unemployment may have a demoralizing effect to an individual. Long-term unemployment causes negative effects to individuals. Some of the most common effects include financial difficulties, health related diseases, psychological problems, boredom, idleness, losing close friends and relatives and eventually depression. Severe long-term unemployment results are mostly seen in the disadvantaged in the society. The unemployed are w asted resources, and they also waste resources meant for humanity. It is a life full of unhappiness and sorrow as unemployed individuals live in suffering and poverty; economically, human labor is devalued. The social results from unemployment lead to rise of rebellious groups, riots, family breaks, divorce and some cases of death (Hollander,2011,45). The impact of the recession shows in the United States and many countries where long-term unemployment majorly impacts the male. During the recession, construction and manufacturing industries were affected by unemployment. In the United State wealth, ownership has been concentrated in the small minority population due to their well grounded employment status. The minority