Argument Essay Example | Topics and Well Written Essays - 500 words - 1

Argument - Essay Example The incident happened between the months of January to October 2006. As early as January 2006, my cousin told me that she is getting married in October 25 of the same year. For this reason, my best friend and I planned to visit my cousin for her wedding celebration. I was really looking forward to meet my cousin for the first time aside from the fact that it will be the first time I will be able to go to Florida. For this reason, I ended up spending at least 12-hour shift at work to save money for my accommodation, food, and travel expenses. Just like me, my best friend was also eager to join me in this occasion. My best friend and I were supposed to leave town a week before my cousin’s wedding day. I was terribly disappointed when my best friend told me that she suddenly changed her mind about going to Florida because her dog was sick. Because of my disappointment, I ended up accusing her for being unreasonable for not going with me because of a dog. I was really angry at her for breaking our plans. I personally believe that it is rude to break something that you have committed yourself into. I feel that my best friend’s dog is more important than I am. I am her best friend. I simply couldn’t believe that she is prioritizing her dog over me. Isn’t she supposed to prioritize me over a highly domesticated animal? Because of my anger, I did not bother to speak to her for more than a week. Some of our common friends noticed the distance between me and my best friend. For this reason, our common friends decided to patch things up between me and my best friend. A week after the wedding celebration, my best friend and I ended up talking over a cup of coffee. She told me that she really felt bad for breaking our plan to go to Florida. She explained that the real reason why she could not go is because she was very shy to tell me that she was not able to come up with enough

Strategic Management and Business Policy Essay Example | Topics and Well Written Essays - 1000 words

Strategic Management and Business Policy - Essay Example In 1995 Fortune magazine began to include service companies in its Fortune 500 list and by doing so Wal-Mart entered in at a ranking of fourth. Since then the company has remained on the list, climbing the ranks until it reached number one in 2002, where it remains today, with a growth rate of about 15%. "The revenues reflect domestic and international expansion and an increase in same store sales. Net income also benefited from reduced inventory shrinkage, improved merchandising, and a decrease in interest costs of capital leases." (Reuters) Wal-Mart does not formally spend time and resources on developing a corporate mission statement. Nor do they commit resources to research and development. The company follows a 'down home' approach to business woven into the corporate culture by its founder, Sam Walton. His approach to business was personal, with a high amount of resources devoted to community relationship. The retail giant has settled on the market segment which looks for low prices as the most important factor influencing the buying decision. The result is that Wal-Mart is perceived as a friendly place to purchase goods at low prices. This marketing approach has served the retail giant well. The corporation has a board which consists of internal membe... The internal members are concerned with the day to day of the organization, and the external members can take a wider view of the company's overall image, and influence in the community it serves. This approach to ongoing corporate governance keeps the organization grounded to the community, and allows it to function without the formal mission statement. The board serves as a rudder in the crosscurrents of today's business environment. III. External Environment. Wal-Mart employs a Buy American program, and stocks its shelves with many American goods. Wal-Mart has gained a lot of popularity through this program, and many Americans applaud Wal-Mart for its commitment to domestic manufacturers instead of catering to cheap foreign suppliers. But suppliers have complained that this has shut out non-Americans companies and suppliers from distributing through the Wal-Mart chain. This approach to business carries with it both positive and negative consequences. The company has wide product selection at deep discounts, but a slowing national economy could limit product diversity, as well as price flexibility. The company has a strong position in discount retail market but is not engaged in research and development for future market positioning. Wal-Mart is increasing market share, but faces potential market saturation and decreased profit margin without availing itself of increased product diversity. Within the communities it serves, Wal-Mart provides new jobs, often in rural areas which have limited employment potential. But the consequences of which are that many small businesses are often forced to close as a result of the price competition within a limited market. The unintended results can be development of customer loyalty, or a

Principle Of Operation Of Switched Reluctance Motor Engineering Essay

Principle Of Operation Of Switched Reluctance Motor Engineering Essay 1. INTRODUCTION: From those days the variable reluctance motors had played a vital role in electrical field. These motors are very attractive because they have replaced conventional ac and dc drives in many industrial applications all over the world. Apart from the working they have many advantages such as simple and low cost construction. Since the variable reluctance motor has a high torque with the inertia ratio normal when compared with other motors. Eventually the single head salient synchronous reluctance motors have some advantages which are similar to variable reluctance motor. The cost and performance of the machine is highly dependent on the converter topology. The converter for the machine drive should be very fast accurate current control for better drive performance. In addition to these requirements the machine should produce low volt ampere rating for low cost, should be more reliable and robust with small number of switches producing high efficiency at last. In addition to this all of these converters have greater switching loss and stress because the converters are all operated with hard switching. Now a days soft switching is also implemented for these types of machines. The above mentioned goals can be achieved either by improving the machine design or innovation in the inverter configuration. I hope that my designing deals with the application of a particular type of inverter for the variable reluctance motor drive. 2. VARIABLE RELUCTANCE MOTOR DRIVES: 2.1 CONSTRUCTION: The basic construction of switched reluctance motor is shown in the figure. The construction includes both stator and rotor. It has six pole rotor and eight pole stator in it. The conventional variable reluctance motor that is nothing but the switched reluctance machine has a doubly salient laminated structure which is very simple and robust. The rotor does not contained any windings or conductors within it. 2.2 PRINCIPLE OF OPERATION OF SWITCHED RELUCTANCE MOTOR: To start with the switched reluctance motor, the torque production in the machine is explained with the help of principle of electromechanical energy produced in the coil of the machine. As the rotor rotates, the inductance of the phase windings of a machine varies between the inductance values with respect to the rotor angle. Due to the highly nonlinear magnetic behaviour of the variable reluctance motor, the phase inductance is dependent on the current level as well as with the rotor position. There is also a speed dependent back emf that becomes very large below and above the base speed and dominates the behaviour of the drive. Although the machine has a simple structure, the behaviour of its electromagnetic is obviously convivial. The electrical input energy is given by expression which is displayed as follows; However, the linear inductance of switched reluctance motor model along with back emf. And also the back emf is proportional to the machine speed which is very helpful in exploring the behaviour of this type of drive .The diagram of solenoid coil and the characteristics of the machine is shown as below; For low-speed operating mode, the back emf can be ignored in such a way that these can be compared with the dc bus voltage, and the machine can be assumed as current fed driving machine. Current fed operation is obtained by means of a current regulated pulse width modulation technique. With a proper controller and converter, the phase current should be designed to be close to a square waveform in order to minimize torque pulsations. The back emf increases for the medium speed range machine . To compensate the loss, phase is excited already in designing of the waveform .The machine runs at speed below and above the base speed. Here the back emf is compared and also the emf is even larger than the supply voltage than that of the phase current. Thus the phase current becomes impossible without very large advanced techniques. The phase winding should now be excited before , whereas its inductance value is small in order to develop the sufficient current for a challenging torque. During this mode of operation the phase winding is fed with the voltage and hence the technique is called pulse dropping mode. Even at any suitable power electronic converter or the controller, this type of drive system must maintain the capability of the design for the current pulses to maintain the values of variable reluctance motor accurately. The above mentioned waveforms are executed by simulation method with the help of the mat lab software. The mat lab code for the above mentioned waveform is as follows; 3.MATLAB SIMULATION: 3.1 CODING 1: w=1; k=zeros; d=0; z=zeros; i=0; t=0; e=0.000001; % is the increment of time while (t if t while i z(w)=t; % to store the time values k(w)=i; % to store the current values d=(1/0.1)*(100-(10*i))*e; % is the increment of current i=i+d; % to increase the current t=t+e; % to increase the time w=w+1; % to increase the index of the current and time arrays end while i>=6.5 while i>=6 % to limit the current to a minimum of 6 z(w)=t; k(w)=i; d=(1/0.1)*(-(10*i))*e; i=i+d; t=t+e; w=w+1 ; end end end if t>0.03 z(w)=t; k(w)=i; d=(1/0.1)*(-100-(10*i))*e; i=i+d; t=t+e; w=w+1 ; end if t>=0.0353 break end end plot(z,k,r-,LineWidth,2,Color,black) OBTAINED WAVEFORM: 3.2 CODING 2: v=[]; % an array to store the value of voltages p=[]; % an array to store the value of time c=[]; % an array to store the value of the currents R=1; % resistance value L=0.001; % inductane value fs=1000000; % sampling frequency f1=1000; % switching frequency of the 1st switch f2=142.857; % switching frequency of the 2nd switch d=0.5; % duty cycle t_on=d*(1/f1); % t ON for the 1st switch di=0; n=0; x=0; i=0; t=0; t2=(1/f2); while t while (t n=n+1; v(n)=50; di=(1/L)*(v(n)-(R*i))*(1/fs); i=i+di; c(n)=i; p(n)=t; t=t+(1/fs); end x=x+(1/f1); if (t while t n=n+1; v(n)=0; di=(1/L)*(v(n)-(R*i))*(1/fs); i=i+di; c(n)=i; p(n)=t; t=t+(1/fs); end end end while t>=(0.5*t2) % the second half cycle of the second switch n=n+1; v(n)=-50; di=(1/L)*(v(n)-(R*i))*(1/fs); i=i+di; c(n)=i; p(n)=t; t=t+(1/fs); if c(n) break end end plot(p,v), axis ([0 0.005 -50 55]) hold on; plot(p,c) hold off; Xlabel (Time) Ylabel (Current / Voltage) OBTAINED WAVEFORM: 4.CLASSIFICATION OF SWITCHED RELUCTANCE MOTOR: 5.MODELING AND CONTROL STRATEGIES OF A VARIABLE RELUCTANCE MOTOR: The above block diagram represents the modelling of the variable reluctance motor with their control strategy. The above circuit contains the following blocks such as feed forward compensator, flux or current controller and the driver block. The block also contains the observer. The feedback from the motor or drive is connected to the observer as well as to the feedback compensator. The machine is designed in such a way that it is based on both synchronous and asynchronous type and in this machine the torque control problem can be solved by transforming it into an equivalent current control one. The simple solution is probable because the torque is proportional to the current or to a specific component of the current vector in a proper orientation system. Moreover by considering the wide availability of high-quality and low-cost current transducers the solution obtained is also more convenient from an economical point of view. For the variable reluctance motors the torque versus current function is nonlinear and therefore preventing the simple solution which adopt these drives for standard motors. To prevail over the problem a cascade controller structure which is same as the one proposed earlier has been selected. It consists of an external static feed forward nonlinear compensator which is followed by a nonlinear flux or the current which is selected depending on design choices with the closed-loop controller. In the case of feed forward compensator transforms the torque set point which is corresponding to the flux or current is normal in these cases. The internal closed-loop controller is based on exact or directly measured feedback, depending on the controlled variable selected. Hence the optimization techniques are used for the design of a feed forward pre compensator. The closed-loop controller operates in a stator reference frame thus by avoiding the use of match up transformations. This designing presents the inverter for the motor modelling and control optimization activities. Importance is placed on the optimization techniques used in the design of the feed forward compensator. Finally the work related to the design of the closed loop flux or the current controller is currently in growth. The main report here is that the order to validate the design of the feed forward compensator. Previous to entering into details about the feed forward compensator design, some general considerations are value making in this kind of this design. Direct calculation of a current set point is not suitable because the torque reliance on current must also think about magnetic nonlinearities. Even though the simpler relationship exists between torque and flux the feed forward compensator is designed under the assumption of an internal flux closed-loop controller. But the current is certain in such a way that the flux set point can be directly transformed into a current by means of the model output obtained. It must be pointed out how the planned replica structure would be greatly simplify the design of the torque controller. A critical point is the alteration of the scalar torque demand into a corresponding three-phase flux vector. It can be noted that fluxes qualified to different phases can be bewildered independently by means of the associated control inputs. The control problem thus has as many degrees of freedom as the figure of phases. These degrees of freedom can be used for different purposes such as the four phase motor and the two adjacent phases. These are selected according to the real rotor position and torque signal that are used to impose torque dynamics and ripple-free operation. The remaining two phases are controlled in order to keep their current at zero. For a certain phase motor, the required dynamics is obligatory on motor acceleration by controlling a single phase and thus by selecting as a function of position and torque sign. The left over controls must keep the remaining phase currents at zero or collect them to zero as fast as possible. Both approaches have the similar kind of problems mainly related to the need for a fast switch-on and switch-off of phase currents that impose a voltage waveform that is strongly impulsive. While the voltage is limited in a real power inverter there is an increase in the enduring torque ripple occurs in the machine. Furthermore the solution proposed in during the good dynamic specification of the error between the actual and the desired acceleration does not control the torque ripple explicitly. The approach which is going to be considered in this attempt many degrees of freedom as possible in order to get the best performance from the motor. Thus the modelling would be done in such a way that it gives high efficiency with the low cost production. 6.OVERVIEW OF A VARIABLE RELUCTANCE MOTOR TOPOLOGY: The performance and cost of the variable reluctance motor drive is highly dependent on the topology used to drive the machine. Since the features of Variable reluctance motor drive have been realized the developments in the topologies have proceeded in parallel with the machine design. From those days there have been many topologies invented and while the conventional inverter driven induction machine drive the variable reluctance motor drives havent been made standard . In addition to this the induction motor drives which almost always carry an pulse width modulation voltage link inverter .This method for variable reluctance motor drives seems to be much more application dependent. Ideally the variable reluctance motor drive should meet the following requirements: capability to program a commanded current pulse very quickly and accurately for good drive performance. Low noise and torque pulsation. as low a converter power VA rating as possible for a given drive rating for low cost. low switch/phase ratio. reliability and robustness. high efficiency. Only if all the above requirements are met then only variable reluctance motor drives can be comparable with the conventional inverter driven induction machine drive and other variable speed drives that are present in the market. These topologies discovered up to date and these materials have become popular and it is used in a many of the applications now a days. These configuration design include the asymmetric bridge converter with bifilar winding configuration which will split supply configuration from H-bridge configuration and also from the common switch configuration. The asymmetric bridge converter has an entire current pulse programming power in such a way that the converter is able of apply the full supply voltage across the winding in either directions for the purpose turning the current in each phase that is in on state as well as in off state. Even though the converter faces some difficult from high switch or phase ratio it is normally expensive because the two switches per phase and the associated drive circuit. The winding present in the machine that is the bifilar winding should meet the minimum switch requirement with one switch or the phase ratio. Thus the voltage waveforms resulting from non matching magnetic coupling will increase the switch voltage rating values to twice the value of the voltage and even higher. In addition to the losses such as copper loss which is associated with the auxiliary windings are generally high for many applications. Thus the supply converter topology also meets the minimum switch requirement. And also in this case the phase number must be even and the converter does not ready to tolerate the phase unbalance or the fault in any phase. This is because these fault results in the voltage increase in the capacitor banks. And also the dc bus voltage utilization is poor because only 1/2K is utilized. Thus the H-bridge topology meets the minimum switch requirement. Therefore this reason is suitable for four or multiples of four-phase machines, and it also utilizes only half of the dc supply voltage. In this topology two phases are always on at one time and only one of the two phases are contributing to motoring torque production at any instant time. Therefore, the degradation of the output torque is achieved easily. The common switch design in the machine only requires one more switch in addition to the minimum switch requirement. However this does not tolerate phase overlapping and therefore this leads to its capability and also this is very limited because for the particular reason for the single-pulse mode. Here in this method they have already used C-dump configuration design and this configuration design also requires only one additional switch to the one switch or the phase requirement. The converter utilizes a capacitor to dump the energy of a switch off going phase and a chopper operating with buck principle to discharge the capacitance value. The capacitor voltage is generally maintained at twice the supply voltage value in order to supply negative supply voltage to the off going phase. The converter also has full capability to develop the current pulse during both turn on and turn off condition and also produces high efficiency operation results at the end. The main disadvantages of this converter are the high switching device voltage ratings. The cost of the additional switch of the dump capacitor and inductor also matters finally with the losses associated of the reactive elements. To open new application fields to the variable reluctance motor drives it is clearly necessary to both improve the drive performance at the lower cost. These goals can be achieved either by improving the machine design or creating some innovations techniques in the Inverter which we are going to design. The general circuits for the converter topology are shown as follows; The force production for motoring and regeneration waveforms is shown in the upcoming figure. The forward direction of the motion of the translator is considered as the positive sign. The direction of the motion is considered as positive by assuming the certain phase sequence. While considering the forward direction of the motion they represent the forward motoring operations for their corresponding quadrants. Similarly when we are considering the reverse direction these regions represents the reverse regenerative operation for their quadrants. The duty cycle of each phase is only about 0.34 and their induced emf are constant between x1 and x2.The air gap power and the generating electromagnetic force can be made constant by exciting the stator phases with the wide range of pulse of currents. The one half of the air gap power is saved in the phase windings in the form of magnetic field energy. Then the mechanical power output is formed from the other half of the air gap power. There is the similarities between the reluctance motor and brushless DC motor in terms of current, a ir gap waveforms. Thus the dc machine controller can be used to control the switched reluctance motor for low cost and as well as for high volume applications. 7.ADVANTAGES OF A VARIABLE RELUCTANCE MOTOR: Simple and robust in construction. Low cost due to the absence of rotor windings and magnets due to the use of a small number of concentrated stator coils which is same as the field coils of a dc machine. Low rotor inertia and high torque. Motor phases operate almost independently to each other. The machine has greater economy and reliability. Machine does not need bi directional currents. Suitable for high speed operations. 8.CONCLUSION: Thus I hope that the back ground reading for my project has been done fully with the materials provided by our supervisor as well as with the materials we have collected. Future work is to design an inverter for a variable reluctance motor and build up the hardware kit for the operation. For the above mentioned reason I have gone through back ground reading completed related to the switched and variable reluctance motors. Thus my reason for taking over my project is for both modelling and building the hardware is to simplify the design of the high performance inverter for the machine with high efficiency. Even though different approaches had been overcome to design an inverter the process is carried out to design the material for both rotating and linear machines. Up to date the designing of the material in the laboratory had been performed by simulating using the Mat lab software and coding and waveforms obtained are displayed above in our report.

The Ethics of Microsoft Taking on End User in China :: Piracy Technology Software Essays

The Ethics of Microsoft Taking on End User in China Background ( Microsoft vs Beijing Yadu Science and Technology Group.) The case of Microsoft Corporation ( China), Ltd. V. Beijing Yadu Science and Technology Group is considered a landmark court case in which the Beijing First Intermediate People’s Court (BFIPC) handed down its decision on Microsoft’s complaint against Beijing Yadu Science and Technology Group. The company Yadu was found to be in possession of a dozens of pirated copies of Microsoft products installed in its computer computers. 1 The case was eventually dismissed in December 17, 1999 not because it did not have merit, but rather on the technicality that Microsoft misidentified the defendant in its allegation. 1 Even though the case was dismissed on technicality, it sparked much debate among the Chinese legal community about the ambiguity within the existing law in China with regard to this matter. More significantly, it created an even more hotly debated issue about the ethics of software infringement. Introduction Software piracy in the year 2002 was estimated to have cost U.S. software companies world wide an estimated 9.2 billion dollars as a result of revenue loss. Of all the hundreds of countries world wide, China is by far the biggest contributor to this revenue loss at an estimated figure of 1.85 billion dollars. 2 Thus not surprisingly, law suits over the issue of software infringement is so prevalent in China today. In December of 1999, Microsoft, the world’s largest and most dominant software company set a new legal precedence in China in the landmark case of Microsoft Corporation ( China), Ltd. V. Beijing Yadu Science and Technology Group. The law suit caused an uproar among numerous Chinese consumers because for the first time in China, â€Å"a major foreign software manufacturer went directly after an end user for copyright infringement in China† instead of just the people who manufactures and sells the counterfeit software. 3 At first glance, it is easy for many Americans in the United States to simply say this case is nothing more than a matter of right and wrong, black and white. The obvious argument would seem to be that if you use something without paying for it, then it constitute stealing. Without a doubt, stealing is universally regarded as wrong in every country and in every culture. However, in a case such as this, we are not dealing straight forward laws.

Island of the Sequined Love Nun Chapter 8~9

8 The Humiliation of the Pilot As a Passenger Once on the plane, Tucker unfolded the letter from the mysterious doctor and read it again. Dear Mr. Case: I have become aware of your recent difficulties and I believe I have a proposition that will be of great benefit to us both. My wife and I are missionaries on Alualu, a rather remote atoll at the north-western tip of the Micronesian crescent. Since we are out of the normal shipping lanes and we are the sole medical provider for the people of the island, we maintain our own aircraft for the transport of medical supplies. We have recently procured a Lear 45 for this purpose, but our former pilot has been called to the mainland on personal business for an indefinite time. In short, Mr. Case, given your experience flying small jets and our unique requirements, we feel that this would be a perfect opportunity for us both. We are not concerned with the status of your license, only that you can perform in the pilot's seat and fulfill a need that can only be described as dire. If you are willing to honor a long-term contract, we will provide you with room and board on the island, pay you $2,000 a week, as well as a generous bonus upon completion of the contract. As a gesture of our sincerity, I am enclosing an open airline ticket and a cashier's check for $3,000 for traveling expenses. Contact us by e-mail with your arrival time in Truk and my wife will meet you there to discuss the conditions of your employment and pro vide transportation to Alualu. You'll find a room reserved for you at the Paradise Inn. Sincerely, Sebastian Curtis, M.D. [email protected] Why me? Tuck wondered. He'd crashed a jet, lost his job and probably his sex life, was charged with multiple crimes, then a letter and a check arrived from nowhere to bail him out, but only if he was willing to abandon everything and move to a Pacific island. It could turn out to be a good job, but if it had been his decision, he'd still be lingering over it in a motel room with Dusty Lemon. It was as if some combination of ironic luck and Jake Skye had been sent along to make the decision for him. Not so strange, he thought. The same combination had put him in the pilot's seat in the first place. Tuck had grown up in Elsinore, California, northeast of San Diego, the only son of the owner of the Denmark Silverware Corporation. He had an unremarkable childhood, was a mediocre athlete, and spent most of his adolescence surfing in San Diego and chasing girls, one of whom he finally caught. Zoophilia Gold was the daughter of his father's lawyer, a lovely girl made shy by a cruel first name. Tuck and Zoo enjoyed a brief romance, which was put on hold when Tuck's father sent him off to college in Texas so he could learn to make decisions and someday take over the family business. His motivation excised by the job guarantee, Tuck made passing grades until his college career was cut short by an emergency call from his mother. â€Å"Come home. Your father's dead.† Tuck made the drive in two days, stopping only for gas, to use the bathroom, and to call Zoophilia, who informed him that his mother had married his father's brother and his uncle had taken over Denmark Silver-ware. Tuck screeched into Elsinore in a blind rage and ran over Zoophilia's father as he was leaving Tuck's mother's house. The death was declared an accident, but during the investigation a policeman informed Tuck that although he had no proof, he suspected that the riding accident that killed Tuck's father might not have been an accident, especially since Tuck's father had been allergic to horses. Tuck was sure that his uncle had set the whole thing up, but he couldn't bring himself to confront his mother or her new husband. In the meantime, Zoophilia, stricken with grief over her father's death, overdosed on Prozac and drowned in her hot tub, and her brother, who had been away at college also, returned promising to kill Tucker or at least sue him into oblivion for the deaths of his father and sister. While trying to come to a decision on a course of action, Tucker met a brace of Texas brunettes in a Pacific Beach bar who insisted he ride back with them to the Lone Star state. Disinherited, depressed, and clueless, Tucker took the ride as far as a small suburban airport outside of Houston, where the girls asked him if he'd ever been nude skydiving. At that point, not really caring if he lived or died, he crawled into the back of a Beechcraft with them. They left him scraped, bruised, and stranded on the tarmac in a jockstrap and a parachute harness, shivering with adrenaline. Jake Skye found him wandering around the hangars wearing the parachute canopy as a toga. It had been a tough year. â€Å"Let me guess,† Jake said. â€Å"Margie and Randy Sue?† â€Å"Yeah,† Tucker said. â€Å"How'd you know?† â€Å"They do it all the time. Daddies with money – Rosencrantz and Guildenstern Petroleum. Hope you didn't cut up that canopy. You can get a grand for it used.† â€Å"They're gone, then?† â€Å"An hour ago. Said something about going to London. Where are your clothes?† â€Å"In their car.† â€Å"Come with me.† Jake gave Tucker a job washing airplanes, then taught him to fly a Cessna 172 and enrolled him in flight school. Tucker got his twin-engine hours in six months, helping Jake ferry Texas businessmen around the state in a leased Beech Duke. Jake turned the flying over to Tuck as soon as he passed his 135 commercial certification. â€Å"I can fly anything,† Jake said, â€Å"but unless it's helicopters, I'd rather wrench. Only steady gig in choppers is flying oil rigs in the Gulf. Had too many friends tip off into the drink. You fly, I'll do the maintenance, we split the cash.† Another six months and Jake was offered a job by the Mary Jean Cosmetics Corporation. Jake took the job on the condition that Tucker could copilot until he had his Lear hours (he described Tuck as a â€Å"little lost lamb† and the makeup magnate relented). Mary Jean did her own flying, but once Tucker was qualified, she turned the controls over to him full-time. â€Å"Some members of the board have pointed out that my time would be better spent taking care of business instead of flying. Besides, it's not ladylike. How'd you like a job?† Luck. The training he'd received would have cost hundreds of thousands of dollars, and he'd gotten most of it for free. He had become a new person, and it had all started with a bizarre streak of bad luck followed by an op-portunity and Jake Skye's intervention. Maybe it would work out for the better this time too. At least this time no one had been killed. 9 Cult of the Autopilot: A History Lesson The pilot said, â€Å"The local time is 9:00 A.M. The temperature is 90 degrees. Thank you for flying Continental and enjoy your stay in Truk.† Then he laughed menacingly. Tuck stepped out of the plane and felt the palpable weight of the air in his lungs. It smelled green, fecund, as if vegetation was growing, dying, rotting, and giving off a gas too thick to breathe. He followed a line of passengers to the terminal, a long, low, cinderblock building – nothing more really than a tin roof on pillars – teeming with brown people; short, stoutly built people, men in jeans or old dress slacks and T-shirts, women in long floral cotton dresses with puff shoulders, their hair held in buns atop their heads by tortoiseshell combs. Tuck waited, sweating, at one end of the terminal while young men shoved the baggage through a curtain onto a plywood ramp. Natives re-trieved their baggage, mainly coolers wrapped with packing tape, and walked by the customs officer's counter without pausing. He looked for a tourist, to see how they were treated, but there were none. The customs officer glared at him. Tucker hoped there was nothing illegal in his pack. The airport here looked like a weigh station for a death camp; he didn't want to see the jail. He fingered the roll of bills in his pocket, thinking, Bribe. The pack came sliding through the curtain. Tucker moved through the pall of islanders and pulled the pack onto his shoulders, then walked to the customs counter and plopped it down in front of the officer. â€Å"Passport,† the officer said. He was fat and wore a brass button uniform with dime store flip-flops on his feet. Tuck handed him his passport. â€Å"How long will you be staying?† â€Å"Not long. I'm not sure. A day maybe.† â€Å"No flights for three days.† The officer stamped the passport and handed it back to Tucker. â€Å"There's a ten-dollar departure fee.† â€Å"That's it?† Tucker was amazed. No inspection, no bribe. Luck again. â€Å"Take your bag.† â€Å"Right.† Tucker scooped up the pack and headed for an exit sign, hand-painted on plywood. He walked out of the airport and was blinded by the sun. â€Å"Hey, you dive?† A man's voice. Tuck squinted and a thin, leathery islander in a Bruins hockey jersey stood in front of him. He had six teeth, two of them gold. â€Å"No,† Tucker said. â€Å"Why you come if you no dive?† â€Å"I'm here on business.† Tucker dropped his pack and tried to breathe. He was soaked with sweat. Ten seconds in this sun and he wanted to dive into the shade like a roach under a stove. â€Å"Where you stay?† This guy looked criminal, just an eye patch short of a pirate. Tucker didn't want to tell him anything. â€Å"How do I get to the Paradise Inn?† The pirate called to a teenager who was sitting in the shade watching a score of beat-up Japanese cars with blackened windows jockeying for position in the dirt street. â€Å"Rindi! Paradise.† The younger man, dressed like a Compton rapper – oversized shorts, football jersey, baseball cap reversed over a blue bandanna – came over and grabbed Tucker's pack. Tuck kept one hand on an arm strap and fought the kid for control. â€Å"You go with him,† the pirate said. â€Å"He take you Paradise.† â€Å"Come on, Holmes,† the kid said. â€Å"My car air-conditioned. Tucker let go of the pack and the kid whisked it away through the jostle of cars to an old Honda Civic with a cellophane back window and bailing wire holding the passenger door shut. Tuck follow him, stepping quickly between the cars, each one lurching forward as if to hit him as he passed. He looked for the driver's expressions, but the windshields were all blacked out with plastic film. The kid threw Tuck's pack in the hatchback, then unwired the door and held it open. Tucker climbed in, feeling, once again, com pletely at the mercy of Lady Luck. Now I get to see the place where they rob and kill the white guys, he thought. As they drove, Tuck looked out on the lagoon. Even through the tinted window the blue of the lagoon shone as if illuminated from below. Island women in scuba masks waded shoulder deep; their floral dresses flowing around them made them look like multicolored jellyfish. Each carried a short steel spear slung from a piece of surgical tubing. Large plastic buckets floated on the surface in which the women were depositing their catch. â€Å"What are they hunting?† Tuck asked the driver. â€Å"Octopus, urchin, small fish. Mostly octopus. Hey, where you from in United States?† â€Å"I grew up in California.† The kid lit up. â€Å"California! You have Crips there, right?† â€Å"Yeah, there's gangs.† â€Å"I'm a Crip,† the kid said, pointing to his blue bandanna with pride. â€Å"Me and my homies find any Bloods here, we gonna pop a nine on 'em.† Tucker was amazed. On the side of the road a beautiful little girl in a flowered dress was drinking from a green coconut. Here in the car there was a gang war going on. He said, â€Å"Where are the Bloods?† Rindi shook his head sadly. â€Å"Nobody want to be Bloods. Only Crips on Truk. But if we see one, we gonna bust a cap on 'em.† He pulled back a towel on the seat to reveal a beat-up Daisy air pistol. Tuck made a mental note not to wear a red bandanna and accidentally fill the Blood shortage. He had no desire to be killed or wounded over a glorified game of cowboys and Indians. â€Å"How far to the hotel?† â€Å"This it,† Rindi said, wrenching the Honda across the road into a dusty parking lot. The Paradise Inn was a two-story, crumbling stucco building with a crown of rusting rebar beckoning skyward for a third floor that would never be built. Tuck let the boy, Rindi, carry his pack to an upstairs room: mint green cinder block over brown linoleum, a beat-up metal desk, smoke-stained floral curtains, a twin bed with a torn 1950s bedspread, the smell of mildew and insecticide. Rindi put the pack in the doorless closet and cranked the little window air conditioner to high. â€Å"Too late for shower. Water come on again four to six.† Tuck glanced into the bathroom. Mistake. An exotic-looking or ange thing was growing on the shower curtain. He said, â€Å"Where can I get a beer?† Rindi grinned. â€Å"We have lounge. Budweiser, ‘king of beers.' MTV on satellite.† He cocked his wrists and performed a gangsta rap move that looked as if he'd contracted a rhythmic cerebral palsy. â€Å"Yo, G, we chill with the phattest jams? Snoop, Ice, Public Enemy.† â€Å"Oh, good,† Tuck said. â€Å"We can do a drive-by later. How do I get to the lounge?† â€Å"Down steps, outside, go right.† He paused, looking concerned. â€Å"We have to shoot out driver's side. Other window not go down.† â€Å"We'll manage.† Tuck flipped the kid a dollar and left the room, proud to be an American. An unconscious island man marked the entrance to the lounge. Tuck stepped over him and pushed his way through the black glass door into a cool, dark, smoke-hazed room lit by a silent television tuned to nothing and a flickering neon BUDWEISER sign. A shadow stood behind the bar; two more sat in front of it. Tuck could see eyes in the dark – maybe people sitting at tables, maybe nocturnal vermin. A voice: â€Å"A fellow American here to buy a beer for his countryman.† The voice had come from one of the shadows at the bar. Tuck squinted into the dark and saw a large white man, about fifty, in a sweat-stained dress shirt. He was smiling, a jowly yellow smile under drink-dulled eyes. Tuck smiled back. Anyone that didn't speak broken English was, at this point, his friend. â€Å"What are you drinkin', pardner?† Tuck always went Texan when he was being friendly. â€Å"What you drink here.† He held up two fingers to the bartender, then held his hand out to shake. â€Å"Jefferson Pardee, editor in chief of the Truk Star.† â€Å"Tucker Case.† Tuck sat down on the stool next to the big man. The bartender placed two sweating Budweiser cans in front of them and waited. â€Å"Run a tab,† Pardee said. Then to Tuck: â€Å"I assume you're a diver?† â€Å"Why would you assume that?† â€Å"It's the only reason Americans come here, other than Peace Corps or Navy CAT team members. And if you don't mind my saying, you don't look idealistic enough to be Peace Corps or stupid enough to be Navy.† â€Å"I'm a pilot.† It felt good saying it. He'd always liked saying it. He didn't realize how terrified he'd been that he'd never be able to say it again. â€Å"I'm supposed to meet someone from another island about a job.† â€Å"Not a missionary air outfit, I hope.† â€Å"It's for a missionary doctor. Why?† â€Å"Son, those people do a great job, but you can only get so much out of those old planes they fly. Fifty-year-old Beech 18s and DC3s. Sooner or later you're going into the drink. But I suppose if you're flying for God†¦Ã¢â‚¬  â€Å"I'll be flying a new Learjet.† Pardee almost dropped his beer. â€Å"Bullshit.† Tuck was tempted to pull out the letter and slam it on the bar, but thought better of it. â€Å"That's what they said.† Pardee put a big hairy forearm on the bar and leaned into Tuck. He smelled like a hangover. â€Å"What island and what church?† â€Å"Alualu,† Tuck said. â€Å"A Dr. Curtis.† Pardee nodded and sat back on his stool. â€Å"No-man's Island.† â€Å"What's that mean?† â€Å"It doesn't belong to anyone. Do you know anything about Micronesia?† â€Å"Just that you have gangs but no regular indoor plumbing.† â€Å"Well, depending on how you look at it, Truk can be a hellhole. That's what happens when you give Coke cans to a coconut culture. But it's not all that way. There are two thousand islands in the Micronesian crescent, running almost all the way from Hawaii to New Guinea. Magellan landed here first, on his first voyage around the world. The Spanish claimed them, then the Germans, then the Japanese. We took them from the Japanese during the war. There are seventy sunken Japanese ships in Truk's lagoon alone. That's why the divers come.† â€Å"So what's this have to do with where I'm going?† â€Å"I'm getting to that. Until fifteen years ago, Micronesia was a U.S. protectorate, except for Alualu. Because it's at the westernmost tip of the crescent, we left it out of the surrender agreement with the Japanese. It kind of got lost in the shuffle. So Alualu was never an American territory, and when the Federated States of Micronesia declared independence, they didn't include Alualu.† â€Å"So what's that mean?† Tuck was getting impatient. This was the longest lecture he'd endured since flight school. â€Å"In short, no mother government, no foreign aid, no nothing. Alualu belongs to whoever lives on it. It's off the shipping lanes, and it's a raised atoll, only one small island, not a group of islands around a lagoon, so there's not enough copra to make it worth the trip for the collector boats. Since the war, when there was an airstrip there, no one goes there.† â€Å"Maybe that's why they need the jet?† â€Å"Son, I came here in '66 with the Peace Corps and I've never left. I've seen a lot of missionaries throw a lot of money at a lot of problems, but I've never seen a church that was willing to spring for a Learjet.† Tuck wanted to beat his head on the bar just to feel his tiny brain rattle. Of course it was too good to be true. He'd known that instinctively. He should have known that as soon as he'd seen the money they were offering him – him, Tucker Case, the biggest fuckup in the world. Tuck drained his beer and signaled for two more. â€Å"So what do you know about this Curtis?† â€Å"I've heard of him. There's not much news out here and he made some about twenty years back. He went batshit at the airport in Yap after he couldn't get anyone to evacuate a sick kid off the island. Frankly, I'm sur-prised he's still out there. I heard the church pulled out on him. Cargo cults give Christians the willies.† Tuck knew he was being lured in. He'd met guys like Pardee in airport hotel bars all over the U.S.: lonely businessmen, usually salesmen, who would talk to anyone about anything just for the company. They learned how to make you ask questions that required long windy answers. He'd felt sympathetic toward them ever since he'd played Willie Loman in Miss Patterson's third-grade class production of Death of a Salesman. Pardee just needed to talk. â€Å"What's a cargo cult?† Tuck asked. Pardee smiled. â€Å"They've been in the islands since the Spanish landed in the 1500s and traded steel tools and beads to the natives for food and water. They're still around.† Pardee took a long pull on his beer, set it down, and resumed. â€Å"These islands were all populated by people from somewhere else. The stories of the heroic ancestors coming across the sea in canoes are part of their reli-gions. The ancestors brought everything they need from across the sea. All of a sudden, guys show up with new cool stuff. Instant ancestors, instant gods from across the sea, bearing gifts. They incorporated the newcomers into their religions. Sometimes it might be fifty years before another ship showed up, but every time they used a machete, they thought about the return of the gods bearing cargo.† â€Å"So there are still people waiting for the Spanish to return with steel tools.† Pardee laughed. â€Å"No. Except for missionaries, these islands didn't get much attention from the modern world until World War II. All of a sudden, Allied forces are coming in and building airstrips and bribing the islanders with things so they would resist the Japanese. Manna from the heavens. American flyers brought in all sorts of good stuff. Then the war ended and the good stuff stopped coming. â€Å"Years later anthropologists and missionaries are finding little altars built to airplanes. The islanders are still waiting for the ships from the sky to return and save them. Myths get built around single pilots who are supposed to bring great armies to the islands to chase out the French, or the British, or whatever imperial government holds the island. The British outlawed the cargo cults on some Melanesian islands and jailed the leaders. Bad idea, of course. They were instant martyrs. The missionaries railed against the new religions, trying to use reason to kill faith, so some islanders started claiming their pilots were Jesus. Drove the missionaries nuts. Natives putting little propellers on their crucifixes, drawing pictures of Christ in a flight helmet. Bottom line is the cargo cults are still around, and I hear that one of the strongest is on Alualu.† â€Å"Are the natives dangerous?† Tuck asked. â€Å"Not because of their religion, no.† â€Å"What's that mean?† â€Å"These people are warriors, Mr. Case. They forget that most of the time, but sometimes when they're drinking, a thousand years of warrior tradition can rear its head, even on the more modernized islands like Truk. And there are people in these islands who still remember the taste of human flesh – if you get my meaning. Tastes like Spam, I hear. The natives love Spam.† â€Å"Spam? You're kidding.† â€Å"Nope. That's what Spam stands for: Shaped Protein Approximating Man.† Tucker smiled, realizing he'd been had. Pardee let loose an explosive laugh and slapped Tuck on the shoulder. â€Å"Look, my friend, I've got to get to the office. A paper to put out, you know. But watch yourself. And don't be surprised if your Learjet is actually a beat-up Cessna.† â€Å"Thanks,† Tucker said, shaking the big man's hand. â€Å"You going to be around for few days?† Pardee asked. â€Å"I'm not sure.† â€Å"Well, just a word of advice† – Pardee lowered his voice and leaned into Tucker conspiratorially – â€Å"don't go out at night by yourself. Nothing you're going to see is worth your life.† â€Å"I can take care of myself, but thanks.† â€Å"Just so,† Pardee said. He turned and lumbered out of the bar. Tuck paid the bartender and headed out into the heat and to his room, where he stripped naked and lay on the tattered bedspread, letting the air conditioner blow over him with a welcome chill. Maybe this won't be so bad, he thought. He was going to end up on an island where God was a pilot. What a great way to get babes! Then he looked down at his withered member, stitched and scarred as if it had been patched from the Frankenstein monster. A wave of anxiety passed through him, bringing sweat to his skin even in the electric chill. He realized that he had really never done anything in his adult life that had not – even at some subconscious level – been part of a strategy to im-press women. He would have never worked so hard to become a pilot if it hadn't been for Jake's insistence that â€Å"Chicks dig pilots.† Why fly? Why get out of bed in the morning? Why do anything? He rolled over to bury his face in the pillow and pinned a live cockroach to the spread with his cheek.

Listening skills Essay

Some of the commonly believed myths about communication are that â€Å"we communicate only when we want to, words mean the same to me and you, the best communication is a one way message.† Some effective barriers to communication are distractions, differences in background, emotions, stress, prejudice, personality differences, all of these have an effect on communication. The three essential parts of effective speaking are getting your listener’s attention, obtain the listeners interest, communicate your purpose for speaking. It is imperative to improve your listening skills because it is an essential trait to have in the business field. Half of your time is spent listening to employees, listening to instructions, and also listening to what guest want. You can improve your listening just like improving anything else listening may be the most important skill to success. One is always improving on their listening skills. Workplace civility is important because you need a peaceful environment not everyone jumping at each other’s throat or making fun of each other. Also you need somewhere that you feel comfortable at somewhere that you actually want to go if you are afraid to go to work than most people won’t go. The boss should deal with it if he hears that employees are making fun of each other or harassing each other and not just sit back Personally I never dealt with workplace civility because I only deal with kids and their parents but I had friends who had dealt with it that had workers make fun of them or would say stuff about the way they did stuff. If this happen if I was manager I would take the employee aside and say that I’m the only one that gets to tell someone I don’t like what they’re doing not them. Also be a good role model for good manners. If the boss is rough and mean, then everyone else has an excuse for also being rough and mean. If the boss is polite and encouraging, everyone else will likely follow in the boss’ footsteps. Teach civility to everyone in the workplace. Offer training on good manners and ways to show respect to colleagues.

Profile of Serial Rapist and Killer Cesar Barone

Profile of Serial Rapist and Killer Cesar Barone Cesar Barone was a convicted serial rapist and murderer whose preferred victims who were senior-aged women. Even the hardest of criminals found Barone repulsive and his crimes so inhuman and revolting that there was an exception to the rule among the inmates, that in his case, snitching on him was acceptable. Childhood Years Cesar Barone  was born Adolph James Rode on December 4, 1960, in Fort Lauderdale, Florida. For the first four years of his life, Barone received loving attention from his parents and his older brother and sister. But soon after turning four, his mother fell in love with another man and left the family. Rodes father worked as a carpenter and struggled to maintain a balance between working and raising three children on his own. It was not long before he had a girlfriend, Brenda, who would often care for the children when Rode had to work. During that time, she developed a special relationship with Jimmy because he was the youngest and because he was the most difficult of three children to discipline. In March 1967, Rode and Brenda married and she seemed to naturally glide into the role of step-mother. She had a good relationship with the two older children, but after caring for Barone for two years, she had developed some real concerns about his development. She told Rode senior that the child needed psychiatric care. Although he agreed, he never made the arrangements. Other than having to deal with disciplinary problems with Barone, life in the Rode home was going along nicely. Rode senior was making more money in his new job as superintendent and the family moved to a new home in an upscale neighborhood. The children enjoyed their own swimming pool and visited Brendas mother regularly at her ranch where there were ponies for the kids to ride. However, life began to sour after Barone started going to school. Brenda received regular calls from Barones teachers in regards to his bad behavior. He was always stealing toys in nursery school. He was expelled from kindergarten because he was such a troublemaker. In the first grade, his behavior grew even worse and he began to threaten the other children, sometimes with knives, other times with lit cigarettes. Barone was so difficult to deal with that that he was banned from coming into the school lunchroom. Brendas attempts to discipline Barone failed. Barones father dealt with his sons problems by making an effort to show him more attention. He would take Barone and his older son Ricky to play golf and attend sporting events. Teen Years By the time Barone reached his early teens, he was out of control. He had become a regular drug user, often smoking pot and downing LSD or snorting cocaine. He regularly shoplifted especially for beer, burglarized nearby homes and harassed his elderly neighbors for money. The pressure in the Rode home became intense, as did the family arguments over how to deal with Barones poor behavior and his obvious lack of respect for Brenda. Unhappy with the situation, Rode and Brenda separated, and Barone got what he had hoped for - Brenda was out of the picture. Without her constantly monitoring his behavior and reporting it all to his father, Barones behavior grew even worse as did his obvious disdain for women. Alice Stock Alice Stock was a 70-year-old retired teacher that lived alone, not far from the neighborhood where the Rodes lived. On the evening of October 5, 1976, Stock called a friend for help. She told her friend that Barone had broken into her home, threatened her with a knife, and demanded that she remove all of her clothing. Frozen in fear, the elderly woman did nothing and Barone left without harming her. Barone was arrested and sentenced to two months and 11 days in a Florida reform school. From Shoplifting to Burglary April 1977 - Barone was questioned and then released after he admitted to burglarizing three homes of elderly women who lived alone.   August 23, 1977 - Barone was arrested on another burglary charge, but released. August 24, 1977 - Barones fingerprints were found inside a home that had been burglarized near the Rodes home. Barone ultimately confessed to nine other burglaries and unlawful entry into two other homes, but only because the detective questioning him agreed not to press charges if Barone was honest. First Prison Sentence Barone, now 17 years old, never faced charges on the multiple burglaries, but he was arrested and charged with burglarizing the house where his fingerprints were found. On December 5, 1977, Barone was sentenced to three years in the Florida State Penitentiary.   At the time, Florida had a system that allowed young, nonviolent offenders to bypass the hardcore state prisons. Instead, Barone was sent to Indian River, a low-level prison that was more like a reformatory and that had liberal parole policies for inmates that adapted to the environment, did their jobs and behaved. At first, Barone appeared to be going along with the program. By the middle of January 1979, he was transferred to a low-security institution and permitted to work outside of the prison. If he continued on as he had been doing, he was looking at being paroled by May 1979, seven months short his three-year sentence. However, it wasnt in Barones design to be good, at least for not long. After being there for a month, Barone was cited for failing to be at his assigned job and also suspicion of stealing money from the job. He was promptly sent back to Indian River and all parole dates were off the table. Barone quickly cleaned up his act again, followed the rules and by November 13, 1979, he was released from prison. A Second Attack on Alice Stock Two weeks after Barone had returned home, Alice Stocks nude body was found in her bedroom. The autopsy report showed she had been beaten, raped, and sodomized with a foreign object. All evidence, although only circumstantial, pointed to Barone. The case remained officially unsolved. No Boundaries In January 1980, Barone and the rest of the Rode family, including the ex-stepmother Brenda, were still mourning the tragic death of Barones older brother Ricky, who had died in a car accident three days after Christmas. Ricky was the proverbial perfect son, a nice young man and a great brother to Barone, despite that they were opposites in every aspect of life. Most anyone who knew the Rodes probably shared a similar thought that the wrong brother had died. According to Brenda, she said as much directly to Barone during the funeral  but instantly regretted it.In an effort to make amends, she gave Barone a car that she no longer needed, a gift he readily accepted. A month later, Barone, now 19 years old, showed up at Brendas home and said he needed to talk and that he was upset about Ricky. She invited him in and although they did talk for awhile, that was not the real intention behind Barones visit. Just as he was about to leave, he viciously attacked Brenda and raped her, telling her he had thought about doing it for years. After the rape, he began to strangle her, but she fought and managed to escape to the bathroom. Barone left after several failed attempts to open the bathroom door. As soon as she felt it was safe to leave the bathroom, Brenda contacted her ex-husband and told him about the attack and showed him the bruises on her neck. Brenda and Rode decided not to call the police. Barones punishment was that he would no longer be part of the Rode family. Their relationship was forever severed. A Call to Mother Around mid-March 1980, Barone was arrested for attempted burglary. If found guilty, he was also going to be in trouble for violating his parole. He called his real mother and she posted his bail.   Mattie Marino Mattie Marino, age 70, was Barones grandmother on his mothers side. On the evening of April 12, 1980, Barone stopped by Matties apartment and said he needed to borrow thread. Then, according to Marino, Barone attacked her, hitting her with his fists and then beating her with a rolling pin. He then choked her and smiled while he applied more pressure. She begged him not to hit her again and he abruptly stopped, took her checkbook and money and left the apartment. Barone was found not guilty of the attempted murder of Marino. However, he was not a free man. His parole had been revoked for the March burglary charges and he went from the courtroom to a jail cell to await his trial that was scheduled for the following August. A Real Prison This Time In August, Barone was found guilty of burglary and sentenced to five years, but this time in a prison for adult criminals. Despite the judges sentence, if he followed the rules, he could be out in two years.   Typically, Barone could not follow rules and in July 1981, with just a little over one year left before being paroled, Barone attempted to escape while working on a highway. He continued to violate prison rules over the next month. This earned him an additional year onto his original sentence. Because of the attempted escape, Barone was moved to another prison.  It was decided that the best place for him was the Marion Correctional Institution. Barone was a trouble maker at Marion, just like he was at the other prisons. His infractions included fighting with other inmates, leaving his assigned work areas, and shouting obscenities at prison employees. He went from being categorized as a medium risk to the next highest level, a close (or high) risk inmate. He was transferred to the Cross City Correctional Institution and his new release date, if he stayed out of trouble, was October 6, 1986. Gladys Dean Gladys Dean was a 59-year-old prison employee that had worked for several years overseeing the prison kitchen. Barone was assigned to cleaning the room where the kitchen garbage was thrown and Dean was his supervisor. On August 23, 1983, Barone physically attacked Dean and tried to remove her clothing, then began to strangle her, but Dean managed to get the upper hand and Barone fled the kitchen. Barone continued to the test the system and during a search of his cell, pieces of a hacksaw were discovered under his mattress. Prison officials decided he was too high risk and at the end of October  1983, he was moved to the Florida State Prison, which was considered in the world of convicted criminals as being hard time. There he received an additional three-year sentence for the attack on Gladys Dean.   Barone was now looking at being in prison until 1993. Had he behaved he could have been out in 1982. This was possibly a wake-up call for Barone. He managed to stay out of trouble and was given a new parole date of April 1991. Ted Bundy During his time at Florida State Prison, Barones work assignment gave him the opportunity to meet and talk with serial killer Ted Bundy who was awaiting execution. Barone, who was in awe of Bundy, took pride in their supposed conversations and he liked to brag to the other inmates about it.   Prison Romance In July 1986, Barone and a woman from Seattle, Washington, 32-year-old Kathi Lockhart, began corresponding through letters. Lockhart had placed an ad in the singles section of the newspaper and Barone had answered it. In his first letter to Lockhart, he described himself as being an Italian from Milan and he inflated his educational background, saying he had studied languages in three different countries. He also added that he had been in the Italian Special Forces. Lockhart found his profile interesting and they continued to write to each other on a regular basis. It was during their correspondence that Barone (who was still going by his birth name, Jimmy Rode) decided to officially change his name to Cesar Barone. He explained to Lockhart that he had always felt that he should have the family name of the people who raised him in Italy.   Lockhart believed all of the lies that Barone fed her and they formed a relationship which was solidified face-to-face in April 1987 when Barone received an early parole date and was released from prison. With nothing left for him in Florida and with a feeling of liberation of having a new name, Barone headed to Seattle.

Criticism Alexander Kerenskys leading of the Provisional Government essays

Criticism Alexander Kerenskys leading of the Provisional Government essays Alexander Kerensky, the leader of the provisional government of Russia in 1917. Alexander Kerensky neglected the wishes of the Russian people as well as the power of the Bolshevik party and therefore put an end to democracy in Russia and allowed his government to be overthrown. In March 1917 discontent in Russia grew. The army was tired of war and no longer fitted with adequate supplies to fight. The food situation deteriorated, millions of people starved in Russia because all the available food was being sent to the troops to aid in the war effort. Out of the turmoil two large revolutionary groups began to form. One, known as the Temporary Committee consisted of members of the Progressive Bloc, and representatives of leftist groups. Also were the soviets, consisting of factory and workshop delegates, as well as leading military powers. Each of these new revolutionary groups considered themselves the spokesmen for the new Russia. As the discontent increased the Imperial government could no longer last unless the Tsar immediately instituted far-reaching reforms. The Tsar ignored all such suggestions, considering them not worthy of reply. In response to the Tsars obduracy the Russian people revolted. Once the revolutions began the Tsar lost all power. On March 16 the Temporary Committee of the Duma dissolved and established the provisional government. It was a body of well-known and respected pre-revolutionary figures. This represented a good group of educated Russians but they were unfit to run a revolutionary country during wartime. The leader of this group was Alexander Kerensky. Kerensky was born in Simbirsk and educated at the University of Petersburg. During his college years he secretly joined the Socialists revolutionary party, which was banned at the time. In 1012 Kerensky was elected to the Duma as a representative of the Group of Toil. In March 1917 after the overthrow of the Tsar, Kerensky was ...

30 Famous Food Quotes to Satiate Your Soul

30 Famous Food Quotes to Satiate Your Soul The fetish for food is like a secret affair you never want to reveal. You cant help salivating when you see the oh-so-delicious birthday cake, or the crisp fries, or even the melt-in-your-mouth lamb shanks. You may want to pretend that food does not affect you that much. But come on! Lets be honest here. Dont you wish you could eat all those yummy, to-die-for candies without putting an ounce of weight? What thought crosses your mind when you see a delicious slice of cheese? Most of us would think of how it would melt in our mouth. But only a true connoisseur of fine food, like Clifton Fadiman, could think of another viewpoint, Cheese- milks leap toward immortality. Clearly, food is an obsession with many. Binge on these other famous quotes about food.   Mark Twain: Sacred cows make the best hamburger.Alphonse Allais: Coffee is a beverage that puts one to sleep when not drank.Samuel Johnson: He who does not mind his belly will hardly will hardly mind anything else.Elizabeth Berry: Shipping is a terrible thing to do to vegetables. They probably get jet-lagged, just like people.President George Bush: I do not like broccoli. And I havent liked it since I was a little kid and my mother made me eat it. And Im President of the United States and Im not going to eat any more broccoli.George Bernard Shaw: There is no sincerer love than the love of food.Confucius: The way you cut your meat reflects the way you live.Spanish Proverb: The belly rules the mind.Socrates: Worthless people live only to eat and drink; people of worth eat and drink only to live.James Beard: A gourmet who thinks of calories is like a tart who looks at her watch.Mahatma Gandhi: To a man with an empty stomach, food is god.Arthur Pendenys: A good meal makes a man feel more charitable toward the whole world than any sermon. Harry Hopkins: Hunger is not debatable.Polish Proverb: Even were a cook to cook a fly, he would keep the breast for himself.Christopher Morley: No man is lonely while eating spaghetti- it requires so much attention.Philip W. Haberman: A gourmet is just a glutton with brains.Sir Robert Hutchinson: Vegetarianism is harmless enough, though it is apt to fill a man with wind and self-righteousness.H. S. Leigh: If you wish to grow thinner, diminish your dinner.Adelle Davis: Eat breakfast like a king, lunch like a prince, and dinner like a pauper.Alice May Brock: Tomatoes and oregano make it Italian; wine and tarragon make it French. Sour cream makes it Russian; lemon and cinnamon make it Greek. Soy sauce makes it Chinese; garlic makes it good.Anthelme Brillat-Savarin: Tell me what you eat, and I will tell you what you are.Eike von Repkow: He who comes first, eats first.Epictetus: Preach not to others what they should eat, but eat as becomes you, and be silent.Fran Lebowitz: Food is an impo rtant part of a balanced diet. Elsa Schiaparelli: A good cook is like a sorceress who dispenses happiness.French Proverb: A good meal ought to begin with hunger.Plutarch: It is a hard matter, my fellow citizens, to argue with the belly, since it has no ears.Latvian Proverb: A smiling face is half the meal.Polish Proverb: Fish, to taste right, must swim three times- in water, in butter, and in wine.

Corporate Team Building Essay Example | Topics and Well Written Essays - 1000 words

Corporate Team Building - Essay Example Individual group members are supposed to compete in each of these activities and there is a reward for the winners and the first runners up. The activities are supposed to take place during the weekend with all the participating group members meeting at the office for transportation to the identified location. Each of the group members is supposed to adorn a rock climbing attire of the specific color of the group. There are five different colors for each group to help distinguish each team member from the others. Rock climbing is an interesting venture where the group members have the opportunities for intense and even concentrated efforts to examine the accomplishments of the groups in their work operations (Luebben 232). It is essential in enabling the group members to improve on the aspects of teamwork in the organization thus enhancing total equality and total management of service, which is important in the organization. If employees collaborate in the work experiences, they are able to achieve the best results in enhancing customer satisfaction thus continued amassing of profits for the organization. Moreover, by each team members working together to overcome difficult obstacles in rock climbing, they are able to increase their self-confidence, respecting others, capabilities and an added commitment to the spirit of teamwork in the process of their work. Such members working together are able to understand that there are huddles that they cannot solve on their own despite their career advancements and experiences in such work situations. They require the help of others in the same field to enable them achieve better results within the stipulated time. They are able to appreciate the efforts of other despite how small since such efforts counts in the aspect of achieving high-end results in their work settings. The reason for this choice of location is that coral cliffs rock climbing gym

Strategic Management Assignment Example | Topics and Well Written Essays - 4000 words

Strategic Management - Assignment Example In this definition, the scope and direction of the strategy and the configuration of resources are within the purview of the organization. External competitive forces determine the 'environment' in which the organization works. Michael Porter (2004) describes five such forces that have an effect on the competitiveness of an organization. These five forces comprise the 'outside-in' business strategy tool as diagrammatically depicted below: 1.1. About Alitalia: Alitalia is the smallest of Europe's full service airlines (after the merger of KLM with Air France and Swissair with Lufthansa) in terms of revenues generated, flights operated and passengers flown and other financial parameters. (See Table-1 below. Table-2 provides comparative statistics for low budget airlines) Alitalia (Alitalia - Linee Aeree Italiane S.p.A) has been operating as a full service airline that flies passengers and cargo for sixty years. Alitalia is Italy's national airline with the government holding 49% equity (other shareholders including employees hold 49% and Air France holds 2%). The airline has a fleet of 177 aircraft and flies to 102 destinations in Italy, Europe, the middle and far East Asia, Africa and the Atlantic. Alitalia has modernized its fleet keeping in view the distances and load factors involved in various sectors. In fact the company boasts of operating one of the youngest and most efficient fleets in the world. During the year 2005, 24 million passengers flew Alitalia, which represented a growth rate of 7.8% year on year over 2004. In April 2004, the company acquired the bankrupt regional airline Gandalf Airlines to gain additional slots at several European airports, mainly Milan (Linate) and Paris (Charles De Gaulle). In September 2004 the company sought to lay off almost 5000 employees to avoid bankruptcy and possible liquidation. A vicious fight ensued with employees unions striking work which finally ended with government intervention and provision of a bridging loan. There was a proposal to merge the company with Air France-KLM but it petered out. During this period, to save costs, the company was, splicd into two holding companies. They are Alitalia Fly which controls Alitalia Express, Volare SpA, Volare Airlines and Air Europe. The company holds 51% equity in the new formation Alitalia Servizi which controls the following: Alitalia Airport which operates ground handling services in Rome Fiumicino, Palermo, Cagiliary and passenger handling services in Catania and Naples; Alitalia Mainatenance Systems 40% of which is owned by Lufthans

Migration Essay Example | Topics and Well Written Essays - 2500 words

Migration - Essay Example The two main movements are involved include immigration and emigration. Immigration would be the movement of individuals into a country. Emigration is the movement of individuals from their home country. The balance between emigration and immigration would be known as net migration and this can be either positive or negative. Positive would be when immigration exceeds emigration and negative would be the reverse of that process. There are various causes for Global woman migration including pull and push factors. Pulls would be things that attract people to other areas. In the case of Asian migration to the United States it would be considered the freedoms allowed, the diversity managed and even the lack of limitations on procreation as would be the case in China. Jobs and weather differences can also cause migration and this has occurred often in certain areas of Asia especially since the tsunami wiped out a majority of the forms of industry throughout the coastal regions of Asia. War in Afghanistan and Bosnia, known as push factors; cause a great number of people to flee to other countries. These women are considered refugees in place of immigrants. (Roopnarine & Gielen, 2005) There are many different influences and consequences relative to migration for anyone that moves from where they originated. Factors that would have to do with migration include the economic growth and development of the country that people are leaving, specifically GDP, the level of domestic development, and finally income and quality of life within the countries. Another two factors include how urbanized an area would be and variations in that consideration along with levels of education that would in fact be available for children across the country of origin in place of isolated areas. Occasionally, the amount of US influence on a country can either adversely or conversely affect the amount of migration. Brunson McKinley, Amanda Klekowski, Von Coppenfels, and Frank Laczko wrote a very interesting piece titled Challenges for the 21st Century in which they spoke of global woman migration as being "an integral part of the world we know today." (Mckinley, Von Koppenfels, and Laczko) They continue to say that migration has changed over the years to become a more transient condition, a temporary condition from country to country usually in regard to seasonal work and as a result of natural catastrophes. The worst portion of this is that illegal migration, undocumented workers from all over the world would have become far more prevalent as has been learned over the years. There have been a few positive aspects in regard to migration including raising the migrants' standard of living and the fact that they do make a contribution to the countries that have labor shortages. There would be equally intrusive negative effects including deterioration of social, political and economic conditions in those countries that are sending immigrants to the US. This is undoubtedly evident as a result of the tsunami, the earthquake and other such terrible natural disasters that have occurred. It is also seen in the war that once consumed Bosnia and also the one that is continuing in Afghanistan. 2. America use to follow a specified mode of ethical and mandatory code of conduct within family like dress code and other such variables but with the emergence of China into the

Charge of the Light Brigade Essay Example | Topics and Well Written Essays - 750 words

Charge of the Light Brigade - Essay Example Due to the foolishness of youth and the hope of a quick victory, each of us wanted to be a part of the battle that would change the course of this strange yet intense conflict. Sadly, as a youth is so often optimistic, the hopes and dreams of my fellow comrades and I were soon diminished as the war dragged on far longer than any of us ever expected it to. Yet, at last, we were informed by our officers that our very brigade would be making an offensive maneuver. Many of us thought that this opportunity was one that had slipped by for far too long and were eager to take place in such an activity. We were informed that the target was a fleeing artillery unit that we could harass and ultimately destroy as a means of improving our countrymen’s position on the field of conflict and seeking to leverage a thorough victory. However, before we set out on the charge, we realized that the position we were attacking was not dismantling and leaving but in fact heavily fortified and well pro visioned. As such, we had one of two choices. Either we could refuse the order and instruct our officers that they had made a fundamental error or we could shoulder our duty and perform it per the requirements that we had been trained. Naturally, as valorous soldiers that sought duty and honor before death, we chose the latter. Sadly, the results of this decision were ultimately terminal for many of the men within my brigade. Withering machine gun fire, constant artillery barrage, and small arms fire defined the charge itself. Even though our men reached the outer perimeters of the defenses towards which we had targeted, the force was so greatly reduced that the effectiveness of this attack was repelled almost immediately. Although many individuals who regard this battle consider this a valorous action, I must say that after having taken part in it, the valor of seeing such a slaughter is somewhat lost upon me. Moreover, the retreat itself was almost as deadly as the advance. The ar tillery, machine guns, and small arms of the Russians did not see their engagement until the point in which we were fully out of range and/or undercover of our own defenses. After the charge, officers, fellow soldiers, newspaper journalists, and individuals around the world held us as heroes. However, it is with a great deal of said that I did not specifically feel myself a hero. Rather, I felt that the men and I within the brigade who had engaged in active foolishness were little more than pawns within the hands of misinformed and rather uncaring officers on the field. It must be stated that even though I have this level of sadness and discussed with regards to the way in which this particular action was carried out, the patriotism that I have towards King and country remain undiminished (Cavendish 53). Instead of viewing this charge as a life altering way of thinking about my patriotic duty, I have instead realized that the military chain of command is oftentimes fundamentally fla wed. Rather than performing checks and ensuring that each and every man could be spared, the arrogance of complete and total control over the battlefield, by specific military commanders such as Maj. Gen. Lord Cardigan, allows such individuals to care little with respect to the trials, tribulations, and ultimate death that their soldiers might face in the field of conflict. Moreover, the officers that reported to Lord Cardigan were naturally fearful of questioning the tactics and providing

GREAT BARRIER REEF Assignment Example | Topics and Well Written Essays - 750 words

GREAT BARRIER REEF - Assignment Example The seabird nesting failures are also evidence on the impact of the climate related events on the coral reef system. The failures were observed between 2002 and 2005. Despite the fact that we cannot solely segregate climate events as the threat to the coral reefs systems, its effect also interact with other external pressures, unsustainable fishing and degraded water quality, increasing the threat to the coral reef system. This is a phenomenon that occurs as a result of reactions to increase in water temperatures. This has been depicted o be a possible destructive force to the great coral reef system. Corals have lots of vibrant colors due to the inhabitance of algae on them. The warm water is in hospitable for the algae as it kills them. The report by Australian Government, (2007) found that the death of the algae leads to the discoloration of the corals. The corals lose the coloration and thus the bleaching effect (Australian Government, 2007). This is the condition from which the coral bleaching gets its name. The death of algae also results to the death of creatures something that has a ripple effect on the food chain. These events have been depicted to become more clear and frequent in the coming decades. One the food chain has been disrupted due to the bleaching of the algae. The marine habitat is eradicated. The loss of the algae results to elimination of a source of food for many marine organisms. This puts other aspects of the system; marine turtles, seabirds, fish, mangroves and planktons (Australian Government, 2007). These mass die off of the sea birds have been observed during periods of unusual high temperatures. These are factors that can be attributed to the difficulties that come with acquisition of food by the parent birds. These habitats are therefore at risk with changes in climate. Degraded water quality reduces the resilience of the reefs. This can be

Improving Education Selection and Return Essay Example | Topics and Well Written Essays - 6750 words

Improving Education Selection and Return - Essay Example The new selection criteria are comprised of seventeen standards and other standards as well. The new selection criteria mention faculty, language, political, economic, religious, social, and previous academic factors as the key standards for evaluating universities. The key findings are the University of Washington Bothell has 19 PhD holders. It is privately and professionally administrated. The University of District of the Columbia is a public institution who faces the threats of political influence. Name Professor Subject Date Introduction The university selection criteria have changed over a period of time. Students face numerous issues while selecting a cost effective and professional university. With the passage of time and prevalence of globalization, selecting a professional university is nothing less than a challenge. There are various factors that must be taken into account before begin studying. For example, language has become a biggest barrier for overseas learning and e ducation. Every country or region has its own language in which education and learning is provided to the students. In Saudi Arabia, the Arabic language is employed to teach and communicate in the educational institutions. In the United States of America, English language serves as a communication tool between students and a professor. For a Saudi Student wishing to study abroad or in the United States of America, understanding and speaking of English language is an essential precondition. Without this language, it would be nearly impossible for the Saudi student to get education in the United States or any other country. The difference and effect of a private sector university and a public sector university cannot be underestimated. It is a common understanding that the public sector universities always remain under the influence of politicians and the political parties. On the other hand, it is also assumed that the private sector universities do not experience the similar level o f influence that is being experienced by the public sector universities. In addition to that, it is also experienced that the private sector universities remain more professional and competent in comparison with the public sector universities. In the following parts of this paper, first research methodology has been incorporated in which how the data was accessed and what problems were faced by the researcher are accounted for. It is followed by the Saudi Arabia selection criteria methodology has been provided in which Saudi Arabia criteria have been applied on the University of Washington Bothell and the University of the District of the Columbia. The new selection criteria have also been applied to these universities. Before the conclusion part, the results have been discussed to highlight the major findings in the work. Research methodology Objective and Return Manifestations The purpose of research is to increase knowledge (Clark-Carter, 3).The objective is to highlight and sele ct the most effective criteria for evaluating universities. For this purpose, two criteria have been selected for evaluating universities. Using two criteria will facilitate the appropriate evaluation of universities and it would help us to highlight the improve education selection and return as well. The improvement of education is only achieved when it provides better returns i.e. the student becomes a well-competent official figure and serves any organization with unique and competent skills and

GREAT BARRIER REEF Assignment Example | Topics and Well Written Essays - 750 words

GREAT BARRIER REEF - Assignment Example The seabird nesting failures are also evidence on the impact of the climate related events on the coral reef system. The failures were observed between 2002 and 2005. Despite the fact that we cannot solely segregate climate events as the threat to the coral reefs systems, its effect also interact with other external pressures, unsustainable fishing and degraded water quality, increasing the threat to the coral reef system. This is a phenomenon that occurs as a result of reactions to increase in water temperatures. This has been depicted o be a possible destructive force to the great coral reef system. Corals have lots of vibrant colors due to the inhabitance of algae on them. The warm water is in hospitable for the algae as it kills them. The report by Australian Government, (2007) found that the death of the algae leads to the discoloration of the corals. The corals lose the coloration and thus the bleaching effect (Australian Government, 2007). This is the condition from which the coral bleaching gets its name. The death of algae also results to the death of creatures something that has a ripple effect on the food chain. These events have been depicted to become more clear and frequent in the coming decades. One the food chain has been disrupted due to the bleaching of the algae. The marine habitat is eradicated. The loss of the algae results to elimination of a source of food for many marine organisms. This puts other aspects of the system; marine turtles, seabirds, fish, mangroves and planktons (Australian Government, 2007). These mass die off of the sea birds have been observed during periods of unusual high temperatures. These are factors that can be attributed to the difficulties that come with acquisition of food by the parent birds. These habitats are therefore at risk with changes in climate. Degraded water quality reduces the resilience of the reefs. This can be

Bing Vs. Google Essay Example for Free

Bing Vs. Google Essay Over the past couple of days, I have been using Google and Bing to search for the same various topics to see if there were any differences and ultimately define which was the best search engine for me. I found that when I was looking for information or researching, I preferred Google to Bing ultimately because of the layout and ease. For one of my tests, I searched the word â€Å"Penguins†. I found that I preferred the layout of Google because it was cleaner and helped me stay on task. When I was using Bing, I felt a little overwhelmed with all the information that I was given on the results page and I ended up being pretty distracted by the tweets on the right hand side along with videos Bing suggested I look at. However, information wise, I found that both search engines gave me sufficient information, not one being better than the other. Some other key benefits I found that Google has that Bing does not is the â€Å"I feel lucky† button. This allows you to save that one more extra step by taking you directly to the most popular page for what you’re searching for. Google also allows you to remove certain older searches from the drop down list with one easy click on the â€Å"remove† button. Another benefit Google offers, is the ability to preview the search results without leaving the main results page. Finally, my favorite is the homepage where they change the word â€Å"Google† into different fonts, formats and games everyday. Because I own a Mac Book, and I use Chrome to do my entire web browsing, searching on Google has become second nature to me. I use Chrome because it starts up quickly. It also allows me to type anything into the URL address box and Chrome takes me directly to Google with the results. Although I will continue to use Google, I do believe that Bing can catch up to Google in search perhaps through disruptive innovation or exposing the search engine to the younger generations early on. If Bing were to create a search engine to compete with Chrome, I think it would be highly profitable, especially if this new operating system were available for free download and accessible to anyone for development. I also believe that one of the biggest problems that Bing faces is turning the users who have been using Google for years, to try Bing. And even if Bing faces up to the challenge, it’s hard to break a habit, especially in this case since Chrome makes it easier for the researcher to search on Google. Some other factors that could help Bing, is if Google makes a mistake. For example, whenever Facebook makes a new change, you see all the complaints in your newsfeed; however, people keep using it because there is nothing else like it out there. If Google changes certain attributes about their search engine, that the majority of people do not like, Bing can very well serve as their backup and in an instant become their number one search engine. However, since I still prefer using Google, I will continue to â€Å"Google it†.

KLSE Relationship with Inflation and Exchange Rates

KLSE Relationship with Inflation and Exchange Rates Capital market is a financial market which is for long term investment funds with the maturities greater than one year. In USA, capital market was controlled by security exchange and it was established in 1934. While in Malaysia, Bank Negara Malaysia (BNM) capital market has been developed since 1980s. It is a market where securities such as common stock, preferred stock and bonds are issued or traded. Companies, government and other organizations use capital market in order to raise funds for their operations. In other words, capital market helps organizations or institutions whether in public and private sector to gain capital. Besides that, capital market also traded an investment funds like debt, equity and mortgage loan. The central bank, Bank Negara Malaysia (BNM) also played a very important role in develop and care of this market. Kuala Lumpur Stock Exchange or more popular known as KLSE is the only one stock market in this country. All the listed securities in Malaysia are done by KLSE since the KLSE is a self-regulatory. Based on this study, KLSE Composite Index are represented by the stock market, money supply represented by M3, consumer price index represented the inflation rates and exchange rates represented by the Malaysian Ringgit (RM) against the US Dollar. In KLSE it has their own rules where buyers and sellers trade their transaction with each other. Since KLSE was established, there were ups and down movement of KLSE causes by many variables. To measure the performance of stock market, stock index is used. Besides, it can be used by all investors as a benchmark for them to evaluate the performance of holding shares. KLSE Composite Index is comprised of 100 companies listed on the exchange. The movement of stock prices can be triggered by the movement in financial sector in particular, that is the money supply. From this situation, there might be a relationship between KLSE Composite Index with money supply. A negative relationship between stock market and inflation in India and by previous study that also comes out with the same result might support the relationship between KLSE Composite Index with inflation rates. The motivation of this study is to find out whether there is a relationship between KLSE Composite Index with the level of money supply, inflation rates and exchange rates. Thus, if the Malaysian economic are facing with inflation, the stock price will be low and vice versa. 1.2 BACKGROUND OF THE STUDY Kuala Lumpur Stock Exchange (KLSE) is a formal stock market and it is widely constructed such as the composite index, EMAS index, and the various sector indices of tin, plantation, hotel, services, automobile, industrial and properties. KLSE is a self-regulatory organization and has emerged as one of the top performing bourses in developing countries in 1992. Based on the previous study, stock index is used to measure the performance of all stock market. KLSE calculate the index for each main sector traded however, mostly it will use the KLSE Composite Index because it will comprise the stocks traded on the KLSE. Since it is the only stock market in Malaysia, the monitoring and supervising do by Minister of Finance (MOF) and by Securities Commission (SC). KLSE Composite Index has been introduced on 1986 where one stock index was needed which can act to stock market performance and Malaysia economy. All the data that has been calculated electronically by KLSE can be taken by brokers companies and other customers at any time since the index is base on minute to minute. KLSE are really a well known stock market in the world. In 1970s and 1980s, KLSE had major development until it had become one of the largest market capitalization bourses in South-East Asia. However, when Singapore out from Malaysia in 1965, the Stock Exchange of Malaysia then, known as the Stock Exchange of Malaysia and Singapore. In spite of, in 1973 when the currency exchange between Malaysia and Singapore drop, again it changes the name and become Kuala Lumpur Stock Exchange and Stock Exchange of Singapore. In 2004, KLSE has changed it name and now it is known as Bursa Malaysia Berhad. This Bursa Malaysia focused to improve the products and services that they conduct. While in year 2005, Bursa Malaysia was listed on the Main Board of Bursa Malaysia Security Berhad. While in KLSE Composite Index, it has been accepted as a local stock market barometer when it was introduced in 1986. From the investor side, the major factors that determine the stock market are the climate of economic. This study investigates the impact of inflation rates, exchange rates and money supply towards stock market. Based on the previous study, there are several researches that have been handled to investigate this dependent variable and independent variables. 1.3 PROBLEM STATEMENT This study is to analyze whether there are significant relationship between KLSE Composite Index as a dependent variables with the money supply (M3), inflation rate and exchange rate as an independent variables. Malaysia stock market performance nowadays has staged at an encouraging recovery and gain in selected blue chips and this can be proved when in 2007, Malaysias economy placed the third largest economy in Southeast Asia. Malaysian stock market is able to provide profitability investment since strong domestic spending give benefit sector trading in Kuala Lumpur Stock Exchange (KLSE). The movement of KLSE Composite Index Inflation depends on many economic factors. For this study, researcher tries to figure out whether the economic factors could affect the performance of KLSE Composite Index. The economic factors for this study refer to money supply, inflation rates and exchange rates. Researcher also tries to figure out, whether the economic factors could be major elements of stock investments. Inflation is happen when a country has printed too much money which will increase the rate of consumer price and also will affect the cost of living. Good news for inflation is, the last report of inflation rate in Malaysia is about only two percent which is in November 2010. There was a negative relationship between inflation rate and stock price. This is because during inflation, cost of living and cost of production will increase and investor will not invest as before inflation happen. Exchange rate refers as a payment or change for person that want to do exchange in currency from one country to currency of other country. While for the study in relationship with exchange rate, it also showed a negative relationship. When there is an increment in level of currency, the charges for each exchange also will be affected. This means they have to change the currency in a large amount and it might affect their money. Therefore, the rational of doing this research is to find out, whether KLSE Composite Index are linked to economic condition in level of money supply, inflation rate and exchange rate? 1.4 OBJECTIVES OF THE STUDY This study is to figure out the relationship, movement and performance of dependent variable and independent variables. It has divided into two types of objectives. The objectives of this study are: 1.4.1 GENERAL OBJECTIVES The major objective of this study is to identify the relationship between dependent variable (KLSE-CI) and independent variables which are money supply, inflation rates and exchange rates in order to know whether there is any positive or negative relationship. 1.4.2 SPECIFIC OBJECTIVES To determine the relationship between inflation rates and KLSE Composite Index To determine the relationship between exchange rates and KLSE Composite Index To identify whether changes in variables are significant in affecting the movement of KLSE Composite Index 1.4.3 NULL HYPOTHESES (H0) There is no significant relationship between KLSE Composite Index (dependent variables) with money supply, inflation rates and exchange rates (independent variables). 1.5 SCOPE OF THE STUDY This research paper is to examine the relationship between Kuala Lumpur Stock Exchange Composite Index with level of money supply (M3), inflation rates (CPI) and exchange rates (Ringgit against US Dollar). The data for this study are gathered a period for 60 months (5 years) from 2006 to 2010. As been stated, the multiple regression analysis is used to measure the relationship between dependent variable and independent variables with monthly basis issued by Bank Negara Malaysia (Central Bank of Malaysia). 1.6 LIMITATION OF THE STUDY There are some limitations in conducting this research. The limitations that have been highlighted are as follow: Limited variables chosen make it difficult to interpret the relationship of dependent variable and independent variables and it been conclude as not really efficient. The data collected are mostly from internet, journals, newspapers and economic reports. Unreliable collected data will lead to unreliable results. The data for this study is gathered for monthly collective data which taken from Bank Negara Malaysia. Only three independent variables (money supply, inflation rates and exchange rates) have been chosen since there are too many internal factors that can classify the relationship and can affect KLSE Composite Index. This study cover period for 60 months (5 years) 2005 to 2010, are considered quite a short period compare to other research. The finding might not be perfectly accurate. For this research, only one country is focused which is Malaysia in order to limit the scope of research. The limitation for this research can be more reliable if the data taken based on weekly basis. Since best research comes with accurate data from weekly or daily basis data. 1.7 SIGNIFICANCE OF THE STUDY This study provides some useful information about the relationship between KLSE Composite Index with levels of inflation rates, exchange rates and money supply. The significant of this study is to build better understanding for readers and useful information to investors in making good investment decision. In addition, this study provides two important aspects in Malaysia economy (exchange rates and inflation rates) which can help companies in Malaysia to make decisions to issue their shares during the period of good economic and during the economic when it face with high inflation. Studies examining the relationship between money supply, inflation rates and exchange rates under Malaysian experiences are very limited, and it is hope from the available findings from this study, it can be use as a direction or reference for further research. CHAPTER 2 2.1 LITERATURE REVIEW According to Ooi Beng Hooi (2011), entitled The Relationship between KLCI and Ringgit Malaysia against US Dollar, he would like to explain the relationship between stock price and currency exchange rate. Researcher had done his research in four years starting from July 2005 until July 2009. Last, he comes out with the conclusion that state that a significance and strong relationship are explained in both KLCI and Ringgit Malaysia against US Dollar. The results of this research are really useful and in can be us as references for future study. According to Noor Azlinna Azizan and Hasyaliny Sulong (2011), entitled The Preparation Towards Asean Exchange Link between Malaysia Stock Market and Asia Countries Macroeconomics Variables Interdependency, they investigated the interaction between stock prices and macroeconomic variables in Asia countries include Malaysia, Indonesia, Singapore, Thailand, India, China, South Korea, Japan and Taiwan to view the interdependency of our stock market to other Asia countries macroeconomics variables. As a result, the researcher found out that only stock price and exchange rates have the most impact to our stock market. According to Oguzhan Aydamer (2009), with the topic of The Relationship Between Stock Prices and Exchange Rates Evidence From Turkey, he disclose the relationship between macroeconomics variables such as money supply, inflation rates, exchange rates, interest rates and stock price. This research is done for 8 years from February 2001 to January 2008 which focuses in one country that is Turkey. After all the research has been made, he then concludes that there is a negative relationship between exchange rates and all stock market indices. Besides, he also stated that other variables are also having negative relationship. According to Aisyah Abdul Rahman, Noor Zahirah Mohd Sidek and Fauziah Hanim Tafri (2009), a research on Macroeconomic Determinants of Malaysian Stock Market, are investigates the relations between selected macroeconomic variables and stock prices for the case of Malaysia. In addition, this research highlights that Malaysian stock market has weak interaction with money supply, exchange rates and interest rates as compared to the industrial production index. Sara Alataqi and Shokoofeh Fazel (2008), with topic Can Money Supply Predict Stock Price said that, when they refer to other previous researcher, most of them come with the same result which a positive casual relationship between money supply and stock prices is frequently hypothesized by some financial analysis. While for both of these researchers, Sara Alataqi and Shokoofeh Fazel theier belive are against with that statement. From the research they have made, the results that they get are totally different with the previous study. They have proved the reason and all the calculated data in their research. As a result, they strongly explained that there is a negative relationship from money supply to stock price and also a negative relationship from interest rate to stock price. Paritosh Kumar (2008), Is Indian Stock Market Related with Exchange Rate and Inflation, said that short-term foreign assets are fully exposed to exchange risk and exchange rates movement might affect the domestic companies. He also strongly believes that, a relationship between exchange rates and stock prices do exists but it just does not rule out any relationship between them. The end result for this research is he admit that there is a significance relationship even though it shows a negative sign which means to a negative relationship. According to Shamail Arzu (2008), Relationship Between Exchange Rates and Stock Prices comes to the conclusion which changes immediately in currency can absolutely affect ups and down in the stock index. Besides, he found that fluctuation in currency rates and movement in stock exchange is negatively will affect imports and exports in a country as well. Koffie Nassar (2005), Money Demand and Inflation said that by doing an analyzing data on the relationship between money supply, prices, inflation and income in Madagascar, it comes to the result which state that a negative correlation do exist and inflation expectations are largely determined by every past events. By controlling inflation in the short run, most of the broad money growth can be effective. It concludes that the variables are not strongly significance with the dependent variable. Ramin Cooper Maysami, Lee Chuin Howe and MohamadAtkin Hamzah (2004), Co-integration Evidence From Stock Exchange of Singapores All-S Stock Indices said that the objective of their research is to examine the relationship between selected macroeconomic variables with Singapore Exchange Stock Indices. The result highlighted that the majority of the macroeconomic variables includes broad money, exchange rates and other factors are much more seriously have strong casual relationship with Singapore Exchange Stock Indices. According to Chandran V.G.R and Norazman Shah Abd Rahman (2004), entitled Causality between Money Supply and Stock Prices: A Preliminary Investigation on Malaysian Stock Market, help the researchers in order to observed the relationship between money supply and stock prices. However, based on this study, researchers are using a simple bivariate Granger causality to test the Malaysian stock market. It shows that by predicting the changes in money supply, thus it may afford for better understanding in stock prices. Ming-Yu Cheng and Hui-Boon Tan (2002), entitled Inflation in Malaysia, sait that the objective of this study is to identify either it contribute to the significance relationship or not. Both researchers come to the same conclusion where based on the variables that they have been discussed, it still significance but it cannot be calssified as strong significance. According to Professor J.P.Gupta, Professor Alian Chevalier and Fran Sayekt (2000), entitled The Casuality between Interest Rate, Exchange Rate and Stock Price in Emerging Markets: The Case of the Jakarta Stock Exchange highlighted that stock market are very complex and it can be very sensitive to exchange rates and interest rates. Any movement in stock market will totally affect the economy. When interest rate and exchange rates are fluctuating, it will cause a bad effect. Other than that, they agreed that interest rate and stock prices are independent series for most of the time and it a same result found in exchange rates which have strong relationship with stock price. Both variables are significance relationship towards stock price. CHAPTER THREE RESEARCH METHODOLOGY To find the result on this research, there are certain methods that can be used in order to determine the information data of relationship between the given variables. In this study, to determine the relationship between dependent variables (KLSE Composite Index) with independent variables (Inflation Rates, Money Supply and Exchange Rates), an analysis named the Multiple Regression Analysis and Statistical Package of Social Science (SPSS) is applied in order to analyze data and enhance better understanding for the result. This study covers the period from 2005 to 2010. These methods are the most applicable because it will evaluate the relationship between the variables. SPSS is used to interpret a result in research while Multiple Regression Analysis is used to measure the linear association between dependent variable and independent variables 3.2 DATA SOURCES Most of the data for this study are come from the secondary data. The closing prices of KLSE Composite Index at the end of each period were gathered and the data were achieved from Quarterly closing prices KLSE Composite Index over the period 2005 to 2010. Data for the independent variables, which are money supply (M3), inflation rate (CPI) and exchange rate were achieved from Monthly Statistical Bulletin issued by Central Bank of Malaysia (Bank Negara Malaysia) from 2005 until 2010. 3.3 THE DATA Based on this study, all the relevant data are the secondary data. There are: KLSE COMPOSITE INDEX Kuala Lumpur Stock Exchange (KLSE), which now known as Bursa Malaysia Berhad is a place for traders to do trading. It contains many counters where each of the counters is for different companies. Besides, it is a self regulatory organization that administers the conduct of its members and also members of stock broking companies. The data for KLSE were gathered from KLSE Yahoo Finance. MONEY SUPPLY Money supply is a total supply of money circulation use in economy. There are several types of measurement in money supply which known as M1, M2 and M3. In this study, researcher focuses more on M3. M3 which refer to broad money are consists of foreign currency deposits, saving deposits, fixed deposits, negotiable certificate deposit (NIDS) and repurchase agreement (Repos). The foreign currency deposits refer to deposit of foreign currencies hold by commercial banks, merchant bank and non-bank Malaysian residents. In this research, the data were taken from Monthly Statistical Bulletin of Bank Negara Malaysia. INFLATION RATES In economics, the inflation rate is a measure of inflation. In this study, the data were obtained from Monthly Statistical Bulletin of Bank Negara Malaysia. EXCHANGE RATES Exchange rate or also known as foreign exchange rate shows the relationship of currency between one country with others. In this research, researcher focuses on Malaysian (MYR) currency with US currency (USD). Increase in Malaysia ringgit means a decrease in the cost of exchange of Malaysian currency with other currency. The data for exchange rate were taken from Monthly Statistical Bulletin of Bank Negara Malaysia. THEORETICAL FRAMEWORK In this study, KLSE Composite Index is chosen as dependent variable and money supply, inflation and exchange rates are classified as the independent variables. This means that the changes in KLSE Composite Index actually depend on the changes in money supply, inflation rates and exchange rates. The diagram of the relationship between both dependent variable and independent variables are being showed below: Money Supply Inflation Rates Kuala Lumpur Stock Exchange Composite Index (KLSE-CI) Exchange Rates Dependent Variable Independent Variable HYPOTHESES This study consists of Null Hypotheses (H0) and Alternative Hypotheses (H1). The hypotheses are as showed below: Hypotheses 1 H0: There is no relationship between money supply and KLSE Composite Index. H1: There is a relationship between money supply and KLSE Composite Index. Hypotheses 2 H0: There is no relationship between inflation rate and KLSE Composite Index. H1: There is a relationship between inflation rate and KLSE Composite Index. Hypotheses 3 H0: There is no relationship between exchange rate and KLSE Composite Index. H1: There is a between exchange rate and KLSE Composite Index. MULTIPLE REGRESSION ANALYSIS Data for this study were being analyzed by using the Statistical Package of Social Science (SPSS) Software. Hypotheses are used to determine the relationship between dependent variables (KLSE Composite Index) and independent variables (money supply-M3, inflation rate, exchange rate). In order to determine the influential of money supply, interest rate and exchange rate towards KLSE Composite Index, a Multiple Regression Analysis is applied. This multiple regression analysis used the independent variables to predict the dependent variables. The Estimated Regression Model as follows: Y = c + ÃŽ ²M + ÃŽ ²F + ÃŽ ²X + ÃŽ µ Where: Y = Dependent Variable (KLSE Composite Index) c = Constant Term ÃŽ ² = Regression Coefficient (Beta Measurement) M = Independent Variable (Money Supply-M3) F = Independent Variable (Inflation Rate) X = Independent Variable (Exchange Rate) ÃŽ µ = Error Term COEFFICIENT RELATIONSHIP Researcher used R2, T-Statistic and F-Statistic to determine the relationship between money supply, inflation rate and exchange rate towards KLSE Composite Index. COEFFICIENT OF DETERMINATION (R2) Coefficient of Determination or known as R2 is the most usually used in linear regression. R2 present how well the regression model describes changes in the value of dependent variable (Y) that can be explained by the independent variables. It shows how the line fits the data. The value of R2 is range from zero to one. The range indicates whether the correlation is strong or not. If R2 is zero, the equation explains that there is no relationship between the dependent variable and independent variables. While if the R2 is 1, the equation explains the relationship between dependent variable and independent variables are do exist. The higher the value of R2, the better the regression equation will be. When value of R2 is higher, the exploratory power will increase and be more accurate for forecasting purposes. An equation of R2: Total VariationR2 = Total Explain Variation This equation are used when researcher decide to calculate by manual. However, in this study, researcher has chosen Statistical Package of Social Science (SPSS) in order to calculate all the data that are gathered from Bank Negara Malaysia for the 60 months periods. The result of this R2 will be shows and explains in analysis and findings. It also will conclude whether all independent variables will explain the dependent variable or it will not. T – STATISTICS ( T-STAT) T- Statistic is used to decide whether to accept or reject the null hypotheses and also to analyze the significant relationship between dependent variable and independent variables. The value in t-table will be compared with the calculated t-value. T is critical value at certain significant T = (n – k – 1) n = number of observations / years k = number of independent variables If the computed t-statistic is greater than t-critical value at certain significant levels, thus reject H0. If the computed t-statistic is lower than t-critical value at certain significant levels, thus accept H0. T-Computed > T Critical Value, accept H1 and reject H0 T-Computed F – STATISTICS (F-STAT) Researcher is also using F-Statistic in order to know the consistency of overall regression equation. F-Statistic will evaluate the significant of each individual component of entire regression model. Equation of F-Statistic is as follows: F = Explained Variation / (k-1) Unexplained Variation / (n-k) Where: F = critical value k = number of independent variable n = number of observation If the computed F-Statistic is greater than F-Statistic value at certain significant level, then reject H0. It is a vice versa when the computed F-Statistic is lower than F-Statistic value at certain significant level, then accept H0. F-Computed > F-Critical Value, accept H1 F-Computed DURBIN WATSON STATISTIC Durbin Watson is used to test the presence of auto correlation. It is appears when time series data are used. Auto correlation gives a downward bias to the standard error of the estimated coefficient (t-value are exaggerated) and hence the estimated coefficient is concluded to be significant when in reality they are not. There are three possibilities where the auto correlation problem might arise: When the independent variables are duplicated When some of the independent variables are miss specified When some important variables are found missing in the model When successive residuals are positively auto correlated, the value of D will be approach zero. If the residual are not correlated, the value of D will be closed to zero. If there is a negative auto correlated, the value of D will be greater than two and could even approach its minimum value of four. Equation of Durbin Watson Statistic (D) is defining as: D = PEARSON CORRELATION ANALYSIS Pearson correlation analysis is a statistical analysis to see the direction and to describe the strength and significance of the relationships between the dependent variables and the independent variables. According to Pearson correlation analysis, the result can be ranked as follows: Less than 0.30 = Week Relationship 0.30 to 0.49 = Moderate Relationship 0.50 to 0.69 = Strong Relationship 0.70 to 0.99 = Very Strong Relationship 1.0 = Perfect Relationship CHAPTER FOUR ANALYSIS AND FINDINGS This chapter provides the findings which are obtained from the Statistical Package for Social Science (SPSS). Through SPSS, the relationship between Money Supply (M3), Inflation Rate and Exchange Rate with KLSE Composite Index can be identified. The researcher used regression in order to measure the linear relationship between dependent variable and independent variables. Coefficient of determinations (R2), T- statistic and F- statistic are the methodologies that being used by researcher to interpret the multiple regressions. All the data were calculated on monthly basis for 60 months period (5-year), which are from January 2006 to December 2010. Table1: Data gathered from monthly statistical bulletin BNM YEAR KLSE M3 INFLATION EXCHANGE Jan-06 914.0100 679276.3000 3.2500 3.7510 Feb-06 928.9400 686040.7000 3.2400 3.7135 Mar-06 926.6300 690830.2000 4.7600 3.6860 Apr-06 949.2300 697329.4000 4.5500 3.6255 May-06 927.7800 699037.4000 3.9100 3.6290 Jun-06 914.6900 700537.8000 3.9000 3.6750 Jul-06 935.8500 705585.5000 4.1100 3.6535 Aug-06 958.1200 717140.9000 3.2800 3.6770 Sep-06 967.5500 716265.6000 3.2700 3.6845 Oct-06 988.3000 725351.2000 3.0700 3.6480 Nov-06 1080.6600 737229.6000 2.9600 3.6180 Dec-06 1096.2400 760301.6000 3.0500 3.5315 Jan-07 1189.3500 776100.8000 3.2400 3.5015 Feb-07 1196.4500 789147.0000 3.1400 3.5060 Mar-07 1246.8700 789222.5000 1.5500 3.4560 Apr-07 1322.2500 796487.8000 1.5500 3.4230 May-07 1346.8900 799238.9000 1.4500 3.4045 Jun-07 1354.3800 788610.8000 1.4400 3.4545 Jul-07 1373.7100 799902.2000 1.6300 3.4540 Aug-07 1273.9300 801630.3000 1.9200 3.5035 Sep-07 1336.3000 804248.7000 1.8300 3.4170 Oct-07 1413.6500 807425.8000 1.9200 3.3418 Nov-07 1396.9800 808446.5000 2.3000 3.3585 Dec-07 1445.0300 832737.8000 2.3900 3.3065 Jan-08 1393.2500 867682.2000 2.2800 3.2360 Feb-08 1357.4000 876225.7000 2.6600 3.1890 Mar-08 1247.5200 884372.9000 2.7600 3.1875 Apr-08 1279.8600 893619.3000 3.0500 3.1580 May-08 1276.1000 898652.6000 3.8100 3.2435 Jun-08 1186.5700 899120.0000 7.6900 3.2665 Jul-08 1163.0900 912693.3000 8.5100 3.2630 Aug-08 1100.5000 904562.2000 8.5000 3.3895 Sep-08 1018.6800 912780.0000 8.2100 3.4575 Oct-08 863.6100 900442.6000 7.6300 3.5625 Nov-08 866.1400 909230.6000 5.7100 3.6175 Dec-08 876.7500 931864.7000 4.3900 3.4640 YEAR KLSE M3 INFLATION EXCHANGE Jan-09 884.4500 946005.1000 3.9100 3.6085 Feb-09 890.6700 944320.5000 3.7100 KLSE Relationship with Inflation and Exchange Rates KLSE Relationship with Inflation and Exchange Rates Capital market is a financial market which is for long term investment funds with the maturities greater than one year. In USA, capital market was controlled by security exchange and it was established in 1934. While in Malaysia, Bank Negara Malaysia (BNM) capital market has been developed since 1980s. It is a market where securities such as common stock, preferred stock and bonds are issued or traded. Companies, government and other organizations use capital market in order to raise funds for their operations. In other words, capital market helps organizations or institutions whether in public and private sector to gain capital. Besides that, capital market also traded an investment funds like debt, equity and mortgage loan. The central bank, Bank Negara Malaysia (BNM) also played a very important role in develop and care of this market. Kuala Lumpur Stock Exchange or more popular known as KLSE is the only one stock market in this country. All the listed securities in Malaysia are done by KLSE since the KLSE is a self-regulatory. Based on this study, KLSE Composite Index are represented by the stock market, money supply represented by M3, consumer price index represented the inflation rates and exchange rates represented by the Malaysian Ringgit (RM) against the US Dollar. In KLSE it has their own rules where buyers and sellers trade their transaction with each other. Since KLSE was established, there were ups and down movement of KLSE causes by many variables. To measure the performance of stock market, stock index is used. Besides, it can be used by all investors as a benchmark for them to evaluate the performance of holding shares. KLSE Composite Index is comprised of 100 companies listed on the exchange. The movement of stock prices can be triggered by the movement in financial sector in particular, that is the money supply. From this situation, there might be a relationship between KLSE Composite Index with money supply. A negative relationship between stock market and inflation in India and by previous study that also comes out with the same result might support the relationship between KLSE Composite Index with inflation rates. The motivation of this study is to find out whether there is a relationship between KLSE Composite Index with the level of money supply, inflation rates and exchange rates. Thus, if the Malaysian economic are facing with inflation, the stock price will be low and vice versa. 1.2 BACKGROUND OF THE STUDY Kuala Lumpur Stock Exchange (KLSE) is a formal stock market and it is widely constructed such as the composite index, EMAS index, and the various sector indices of tin, plantation, hotel, services, automobile, industrial and properties. KLSE is a self-regulatory organization and has emerged as one of the top performing bourses in developing countries in 1992. Based on the previous study, stock index is used to measure the performance of all stock market. KLSE calculate the index for each main sector traded however, mostly it will use the KLSE Composite Index because it will comprise the stocks traded on the KLSE. Since it is the only stock market in Malaysia, the monitoring and supervising do by Minister of Finance (MOF) and by Securities Commission (SC). KLSE Composite Index has been introduced on 1986 where one stock index was needed which can act to stock market performance and Malaysia economy. All the data that has been calculated electronically by KLSE can be taken by brokers companies and other customers at any time since the index is base on minute to minute. KLSE are really a well known stock market in the world. In 1970s and 1980s, KLSE had major development until it had become one of the largest market capitalization bourses in South-East Asia. However, when Singapore out from Malaysia in 1965, the Stock Exchange of Malaysia then, known as the Stock Exchange of Malaysia and Singapore. In spite of, in 1973 when the currency exchange between Malaysia and Singapore drop, again it changes the name and become Kuala Lumpur Stock Exchange and Stock Exchange of Singapore. In 2004, KLSE has changed it name and now it is known as Bursa Malaysia Berhad. This Bursa Malaysia focused to improve the products and services that they conduct. While in year 2005, Bursa Malaysia was listed on the Main Board of Bursa Malaysia Security Berhad. While in KLSE Composite Index, it has been accepted as a local stock market barometer when it was introduced in 1986. From the investor side, the major factors that determine the stock market are the climate of economic. This study investigates the impact of inflation rates, exchange rates and money supply towards stock market. Based on the previous study, there are several researches that have been handled to investigate this dependent variable and independent variables. 1.3 PROBLEM STATEMENT This study is to analyze whether there are significant relationship between KLSE Composite Index as a dependent variables with the money supply (M3), inflation rate and exchange rate as an independent variables. Malaysia stock market performance nowadays has staged at an encouraging recovery and gain in selected blue chips and this can be proved when in 2007, Malaysias economy placed the third largest economy in Southeast Asia. Malaysian stock market is able to provide profitability investment since strong domestic spending give benefit sector trading in Kuala Lumpur Stock Exchange (KLSE). The movement of KLSE Composite Index Inflation depends on many economic factors. For this study, researcher tries to figure out whether the economic factors could affect the performance of KLSE Composite Index. The economic factors for this study refer to money supply, inflation rates and exchange rates. Researcher also tries to figure out, whether the economic factors could be major elements of stock investments. Inflation is happen when a country has printed too much money which will increase the rate of consumer price and also will affect the cost of living. Good news for inflation is, the last report of inflation rate in Malaysia is about only two percent which is in November 2010. There was a negative relationship between inflation rate and stock price. This is because during inflation, cost of living and cost of production will increase and investor will not invest as before inflation happen. Exchange rate refers as a payment or change for person that want to do exchange in currency from one country to currency of other country. While for the study in relationship with exchange rate, it also showed a negative relationship. When there is an increment in level of currency, the charges for each exchange also will be affected. This means they have to change the currency in a large amount and it might affect their money. Therefore, the rational of doing this research is to find out, whether KLSE Composite Index are linked to economic condition in level of money supply, inflation rate and exchange rate? 1.4 OBJECTIVES OF THE STUDY This study is to figure out the relationship, movement and performance of dependent variable and independent variables. It has divided into two types of objectives. The objectives of this study are: 1.4.1 GENERAL OBJECTIVES The major objective of this study is to identify the relationship between dependent variable (KLSE-CI) and independent variables which are money supply, inflation rates and exchange rates in order to know whether there is any positive or negative relationship. 1.4.2 SPECIFIC OBJECTIVES To determine the relationship between inflation rates and KLSE Composite Index To determine the relationship between exchange rates and KLSE Composite Index To identify whether changes in variables are significant in affecting the movement of KLSE Composite Index 1.4.3 NULL HYPOTHESES (H0) There is no significant relationship between KLSE Composite Index (dependent variables) with money supply, inflation rates and exchange rates (independent variables). 1.5 SCOPE OF THE STUDY This research paper is to examine the relationship between Kuala Lumpur Stock Exchange Composite Index with level of money supply (M3), inflation rates (CPI) and exchange rates (Ringgit against US Dollar). The data for this study are gathered a period for 60 months (5 years) from 2006 to 2010. As been stated, the multiple regression analysis is used to measure the relationship between dependent variable and independent variables with monthly basis issued by Bank Negara Malaysia (Central Bank of Malaysia). 1.6 LIMITATION OF THE STUDY There are some limitations in conducting this research. The limitations that have been highlighted are as follow: Limited variables chosen make it difficult to interpret the relationship of dependent variable and independent variables and it been conclude as not really efficient. The data collected are mostly from internet, journals, newspapers and economic reports. Unreliable collected data will lead to unreliable results. The data for this study is gathered for monthly collective data which taken from Bank Negara Malaysia. Only three independent variables (money supply, inflation rates and exchange rates) have been chosen since there are too many internal factors that can classify the relationship and can affect KLSE Composite Index. This study cover period for 60 months (5 years) 2005 to 2010, are considered quite a short period compare to other research. The finding might not be perfectly accurate. For this research, only one country is focused which is Malaysia in order to limit the scope of research. The limitation for this research can be more reliable if the data taken based on weekly basis. Since best research comes with accurate data from weekly or daily basis data. 1.7 SIGNIFICANCE OF THE STUDY This study provides some useful information about the relationship between KLSE Composite Index with levels of inflation rates, exchange rates and money supply. The significant of this study is to build better understanding for readers and useful information to investors in making good investment decision. In addition, this study provides two important aspects in Malaysia economy (exchange rates and inflation rates) which can help companies in Malaysia to make decisions to issue their shares during the period of good economic and during the economic when it face with high inflation. Studies examining the relationship between money supply, inflation rates and exchange rates under Malaysian experiences are very limited, and it is hope from the available findings from this study, it can be use as a direction or reference for further research. CHAPTER 2 2.1 LITERATURE REVIEW According to Ooi Beng Hooi (2011), entitled The Relationship between KLCI and Ringgit Malaysia against US Dollar, he would like to explain the relationship between stock price and currency exchange rate. Researcher had done his research in four years starting from July 2005 until July 2009. Last, he comes out with the conclusion that state that a significance and strong relationship are explained in both KLCI and Ringgit Malaysia against US Dollar. The results of this research are really useful and in can be us as references for future study. According to Noor Azlinna Azizan and Hasyaliny Sulong (2011), entitled The Preparation Towards Asean Exchange Link between Malaysia Stock Market and Asia Countries Macroeconomics Variables Interdependency, they investigated the interaction between stock prices and macroeconomic variables in Asia countries include Malaysia, Indonesia, Singapore, Thailand, India, China, South Korea, Japan and Taiwan to view the interdependency of our stock market to other Asia countries macroeconomics variables. As a result, the researcher found out that only stock price and exchange rates have the most impact to our stock market. According to Oguzhan Aydamer (2009), with the topic of The Relationship Between Stock Prices and Exchange Rates Evidence From Turkey, he disclose the relationship between macroeconomics variables such as money supply, inflation rates, exchange rates, interest rates and stock price. This research is done for 8 years from February 2001 to January 2008 which focuses in one country that is Turkey. After all the research has been made, he then concludes that there is a negative relationship between exchange rates and all stock market indices. Besides, he also stated that other variables are also having negative relationship. According to Aisyah Abdul Rahman, Noor Zahirah Mohd Sidek and Fauziah Hanim Tafri (2009), a research on Macroeconomic Determinants of Malaysian Stock Market, are investigates the relations between selected macroeconomic variables and stock prices for the case of Malaysia. In addition, this research highlights that Malaysian stock market has weak interaction with money supply, exchange rates and interest rates as compared to the industrial production index. Sara Alataqi and Shokoofeh Fazel (2008), with topic Can Money Supply Predict Stock Price said that, when they refer to other previous researcher, most of them come with the same result which a positive casual relationship between money supply and stock prices is frequently hypothesized by some financial analysis. While for both of these researchers, Sara Alataqi and Shokoofeh Fazel theier belive are against with that statement. From the research they have made, the results that they get are totally different with the previous study. They have proved the reason and all the calculated data in their research. As a result, they strongly explained that there is a negative relationship from money supply to stock price and also a negative relationship from interest rate to stock price. Paritosh Kumar (2008), Is Indian Stock Market Related with Exchange Rate and Inflation, said that short-term foreign assets are fully exposed to exchange risk and exchange rates movement might affect the domestic companies. He also strongly believes that, a relationship between exchange rates and stock prices do exists but it just does not rule out any relationship between them. The end result for this research is he admit that there is a significance relationship even though it shows a negative sign which means to a negative relationship. According to Shamail Arzu (2008), Relationship Between Exchange Rates and Stock Prices comes to the conclusion which changes immediately in currency can absolutely affect ups and down in the stock index. Besides, he found that fluctuation in currency rates and movement in stock exchange is negatively will affect imports and exports in a country as well. Koffie Nassar (2005), Money Demand and Inflation said that by doing an analyzing data on the relationship between money supply, prices, inflation and income in Madagascar, it comes to the result which state that a negative correlation do exist and inflation expectations are largely determined by every past events. By controlling inflation in the short run, most of the broad money growth can be effective. It concludes that the variables are not strongly significance with the dependent variable. Ramin Cooper Maysami, Lee Chuin Howe and MohamadAtkin Hamzah (2004), Co-integration Evidence From Stock Exchange of Singapores All-S Stock Indices said that the objective of their research is to examine the relationship between selected macroeconomic variables with Singapore Exchange Stock Indices. The result highlighted that the majority of the macroeconomic variables includes broad money, exchange rates and other factors are much more seriously have strong casual relationship with Singapore Exchange Stock Indices. According to Chandran V.G.R and Norazman Shah Abd Rahman (2004), entitled Causality between Money Supply and Stock Prices: A Preliminary Investigation on Malaysian Stock Market, help the researchers in order to observed the relationship between money supply and stock prices. However, based on this study, researchers are using a simple bivariate Granger causality to test the Malaysian stock market. It shows that by predicting the changes in money supply, thus it may afford for better understanding in stock prices. Ming-Yu Cheng and Hui-Boon Tan (2002), entitled Inflation in Malaysia, sait that the objective of this study is to identify either it contribute to the significance relationship or not. Both researchers come to the same conclusion where based on the variables that they have been discussed, it still significance but it cannot be calssified as strong significance. According to Professor J.P.Gupta, Professor Alian Chevalier and Fran Sayekt (2000), entitled The Casuality between Interest Rate, Exchange Rate and Stock Price in Emerging Markets: The Case of the Jakarta Stock Exchange highlighted that stock market are very complex and it can be very sensitive to exchange rates and interest rates. Any movement in stock market will totally affect the economy. When interest rate and exchange rates are fluctuating, it will cause a bad effect. Other than that, they agreed that interest rate and stock prices are independent series for most of the time and it a same result found in exchange rates which have strong relationship with stock price. Both variables are significance relationship towards stock price. CHAPTER THREE RESEARCH METHODOLOGY To find the result on this research, there are certain methods that can be used in order to determine the information data of relationship between the given variables. In this study, to determine the relationship between dependent variables (KLSE Composite Index) with independent variables (Inflation Rates, Money Supply and Exchange Rates), an analysis named the Multiple Regression Analysis and Statistical Package of Social Science (SPSS) is applied in order to analyze data and enhance better understanding for the result. This study covers the period from 2005 to 2010. These methods are the most applicable because it will evaluate the relationship between the variables. SPSS is used to interpret a result in research while Multiple Regression Analysis is used to measure the linear association between dependent variable and independent variables 3.2 DATA SOURCES Most of the data for this study are come from the secondary data. The closing prices of KLSE Composite Index at the end of each period were gathered and the data were achieved from Quarterly closing prices KLSE Composite Index over the period 2005 to 2010. Data for the independent variables, which are money supply (M3), inflation rate (CPI) and exchange rate were achieved from Monthly Statistical Bulletin issued by Central Bank of Malaysia (Bank Negara Malaysia) from 2005 until 2010. 3.3 THE DATA Based on this study, all the relevant data are the secondary data. There are: KLSE COMPOSITE INDEX Kuala Lumpur Stock Exchange (KLSE), which now known as Bursa Malaysia Berhad is a place for traders to do trading. It contains many counters where each of the counters is for different companies. Besides, it is a self regulatory organization that administers the conduct of its members and also members of stock broking companies. The data for KLSE were gathered from KLSE Yahoo Finance. MONEY SUPPLY Money supply is a total supply of money circulation use in economy. There are several types of measurement in money supply which known as M1, M2 and M3. In this study, researcher focuses more on M3. M3 which refer to broad money are consists of foreign currency deposits, saving deposits, fixed deposits, negotiable certificate deposit (NIDS) and repurchase agreement (Repos). The foreign currency deposits refer to deposit of foreign currencies hold by commercial banks, merchant bank and non-bank Malaysian residents. In this research, the data were taken from Monthly Statistical Bulletin of Bank Negara Malaysia. INFLATION RATES In economics, the inflation rate is a measure of inflation. In this study, the data were obtained from Monthly Statistical Bulletin of Bank Negara Malaysia. EXCHANGE RATES Exchange rate or also known as foreign exchange rate shows the relationship of currency between one country with others. In this research, researcher focuses on Malaysian (MYR) currency with US currency (USD). Increase in Malaysia ringgit means a decrease in the cost of exchange of Malaysian currency with other currency. The data for exchange rate were taken from Monthly Statistical Bulletin of Bank Negara Malaysia. THEORETICAL FRAMEWORK In this study, KLSE Composite Index is chosen as dependent variable and money supply, inflation and exchange rates are classified as the independent variables. This means that the changes in KLSE Composite Index actually depend on the changes in money supply, inflation rates and exchange rates. The diagram of the relationship between both dependent variable and independent variables are being showed below: Money Supply Inflation Rates Kuala Lumpur Stock Exchange Composite Index (KLSE-CI) Exchange Rates Dependent Variable Independent Variable HYPOTHESES This study consists of Null Hypotheses (H0) and Alternative Hypotheses (H1). The hypotheses are as showed below: Hypotheses 1 H0: There is no relationship between money supply and KLSE Composite Index. H1: There is a relationship between money supply and KLSE Composite Index. Hypotheses 2 H0: There is no relationship between inflation rate and KLSE Composite Index. H1: There is a relationship between inflation rate and KLSE Composite Index. Hypotheses 3 H0: There is no relationship between exchange rate and KLSE Composite Index. H1: There is a between exchange rate and KLSE Composite Index. MULTIPLE REGRESSION ANALYSIS Data for this study were being analyzed by using the Statistical Package of Social Science (SPSS) Software. Hypotheses are used to determine the relationship between dependent variables (KLSE Composite Index) and independent variables (money supply-M3, inflation rate, exchange rate). In order to determine the influential of money supply, interest rate and exchange rate towards KLSE Composite Index, a Multiple Regression Analysis is applied. This multiple regression analysis used the independent variables to predict the dependent variables. The Estimated Regression Model as follows: Y = c + ÃŽ ²M + ÃŽ ²F + ÃŽ ²X + ÃŽ µ Where: Y = Dependent Variable (KLSE Composite Index) c = Constant Term ÃŽ ² = Regression Coefficient (Beta Measurement) M = Independent Variable (Money Supply-M3) F = Independent Variable (Inflation Rate) X = Independent Variable (Exchange Rate) ÃŽ µ = Error Term COEFFICIENT RELATIONSHIP Researcher used R2, T-Statistic and F-Statistic to determine the relationship between money supply, inflation rate and exchange rate towards KLSE Composite Index. COEFFICIENT OF DETERMINATION (R2) Coefficient of Determination or known as R2 is the most usually used in linear regression. R2 present how well the regression model describes changes in the value of dependent variable (Y) that can be explained by the independent variables. It shows how the line fits the data. The value of R2 is range from zero to one. The range indicates whether the correlation is strong or not. If R2 is zero, the equation explains that there is no relationship between the dependent variable and independent variables. While if the R2 is 1, the equation explains the relationship between dependent variable and independent variables are do exist. The higher the value of R2, the better the regression equation will be. When value of R2 is higher, the exploratory power will increase and be more accurate for forecasting purposes. An equation of R2: Total VariationR2 = Total Explain Variation This equation are used when researcher decide to calculate by manual. However, in this study, researcher has chosen Statistical Package of Social Science (SPSS) in order to calculate all the data that are gathered from Bank Negara Malaysia for the 60 months periods. The result of this R2 will be shows and explains in analysis and findings. It also will conclude whether all independent variables will explain the dependent variable or it will not. T – STATISTICS ( T-STAT) T- Statistic is used to decide whether to accept or reject the null hypotheses and also to analyze the significant relationship between dependent variable and independent variables. The value in t-table will be compared with the calculated t-value. T is critical value at certain significant T = (n – k – 1) n = number of observations / years k = number of independent variables If the computed t-statistic is greater than t-critical value at certain significant levels, thus reject H0. If the computed t-statistic is lower than t-critical value at certain significant levels, thus accept H0. T-Computed > T Critical Value, accept H1 and reject H0 T-Computed F – STATISTICS (F-STAT) Researcher is also using F-Statistic in order to know the consistency of overall regression equation. F-Statistic will evaluate the significant of each individual component of entire regression model. Equation of F-Statistic is as follows: F = Explained Variation / (k-1) Unexplained Variation / (n-k) Where: F = critical value k = number of independent variable n = number of observation If the computed F-Statistic is greater than F-Statistic value at certain significant level, then reject H0. It is a vice versa when the computed F-Statistic is lower than F-Statistic value at certain significant level, then accept H0. F-Computed > F-Critical Value, accept H1 F-Computed DURBIN WATSON STATISTIC Durbin Watson is used to test the presence of auto correlation. It is appears when time series data are used. Auto correlation gives a downward bias to the standard error of the estimated coefficient (t-value are exaggerated) and hence the estimated coefficient is concluded to be significant when in reality they are not. There are three possibilities where the auto correlation problem might arise: When the independent variables are duplicated When some of the independent variables are miss specified When some important variables are found missing in the model When successive residuals are positively auto correlated, the value of D will be approach zero. If the residual are not correlated, the value of D will be closed to zero. If there is a negative auto correlated, the value of D will be greater than two and could even approach its minimum value of four. Equation of Durbin Watson Statistic (D) is defining as: D = PEARSON CORRELATION ANALYSIS Pearson correlation analysis is a statistical analysis to see the direction and to describe the strength and significance of the relationships between the dependent variables and the independent variables. According to Pearson correlation analysis, the result can be ranked as follows: Less than 0.30 = Week Relationship 0.30 to 0.49 = Moderate Relationship 0.50 to 0.69 = Strong Relationship 0.70 to 0.99 = Very Strong Relationship 1.0 = Perfect Relationship CHAPTER FOUR ANALYSIS AND FINDINGS This chapter provides the findings which are obtained from the Statistical Package for Social Science (SPSS). Through SPSS, the relationship between Money Supply (M3), Inflation Rate and Exchange Rate with KLSE Composite Index can be identified. The researcher used regression in order to measure the linear relationship between dependent variable and independent variables. Coefficient of determinations (R2), T- statistic and F- statistic are the methodologies that being used by researcher to interpret the multiple regressions. All the data were calculated on monthly basis for 60 months period (5-year), which are from January 2006 to December 2010. Table1: Data gathered from monthly statistical bulletin BNM YEAR KLSE M3 INFLATION EXCHANGE Jan-06 914.0100 679276.3000 3.2500 3.7510 Feb-06 928.9400 686040.7000 3.2400 3.7135 Mar-06 926.6300 690830.2000 4.7600 3.6860 Apr-06 949.2300 697329.4000 4.5500 3.6255 May-06 927.7800 699037.4000 3.9100 3.6290 Jun-06 914.6900 700537.8000 3.9000 3.6750 Jul-06 935.8500 705585.5000 4.1100 3.6535 Aug-06 958.1200 717140.9000 3.2800 3.6770 Sep-06 967.5500 716265.6000 3.2700 3.6845 Oct-06 988.3000 725351.2000 3.0700 3.6480 Nov-06 1080.6600 737229.6000 2.9600 3.6180 Dec-06 1096.2400 760301.6000 3.0500 3.5315 Jan-07 1189.3500 776100.8000 3.2400 3.5015 Feb-07 1196.4500 789147.0000 3.1400 3.5060 Mar-07 1246.8700 789222.5000 1.5500 3.4560 Apr-07 1322.2500 796487.8000 1.5500 3.4230 May-07 1346.8900 799238.9000 1.4500 3.4045 Jun-07 1354.3800 788610.8000 1.4400 3.4545 Jul-07 1373.7100 799902.2000 1.6300 3.4540 Aug-07 1273.9300 801630.3000 1.9200 3.5035 Sep-07 1336.3000 804248.7000 1.8300 3.4170 Oct-07 1413.6500 807425.8000 1.9200 3.3418 Nov-07 1396.9800 808446.5000 2.3000 3.3585 Dec-07 1445.0300 832737.8000 2.3900 3.3065 Jan-08 1393.2500 867682.2000 2.2800 3.2360 Feb-08 1357.4000 876225.7000 2.6600 3.1890 Mar-08 1247.5200 884372.9000 2.7600 3.1875 Apr-08 1279.8600 893619.3000 3.0500 3.1580 May-08 1276.1000 898652.6000 3.8100 3.2435 Jun-08 1186.5700 899120.0000 7.6900 3.2665 Jul-08 1163.0900 912693.3000 8.5100 3.2630 Aug-08 1100.5000 904562.2000 8.5000 3.3895 Sep-08 1018.6800 912780.0000 8.2100 3.4575 Oct-08 863.6100 900442.6000 7.6300 3.5625 Nov-08 866.1400 909230.6000 5.7100 3.6175 Dec-08 876.7500 931864.7000 4.3900 3.4640 YEAR KLSE M3 INFLATION EXCHANGE Jan-09 884.4500 946005.1000 3.9100 3.6085 Feb-09 890.6700 944320.5000 3.7100