AP English Language and Composition-Timed Writting Essay

AP English Language and Composition-Timed Writting - Essay Example licy whose implementation was intended to save power usage and practiced by countries such as United States, Britain, France, Israel, Mexico, New Zealand and other countries (Source C). Its expanded use however believed to have other benefits in other areas such as traffic safety and crime reduction (Source A) According to a study made by U.S. Department of Transportation in the 1970s, DST reduces America’s electricity usage â€Å"by about one percent† daily when the DST is in effect for an eight month period (Source C). This result is replicated in other countries that also practice DST. It was also observed by the same study that crime rate was reduced by as much as 10 to 13 percent when DST was in effect attributing to the fact that the extended daylight decreases the opportunity for crimes against those people who are returning from work (Source C). Study also showed that traffic accidents were reduced when DST is in effect (Source C). Daily Savings Time policy intent of saving electricity consumption however is not without its share of detractors. There are also several sectors that opposed its implementation among them was the airline industry who believed that the extension of DST from a uniform six months to eight months would cause problems in airline’s schedules that would incur them millions of dollars in losses. The perceived benefit of saving electricty consumption through the implementation of DST was also challenged by another study that reported that contrary to the policy’s intent, DST in fact increases the use of electricy consumption for about one percent and there are even instances during fall that the increase rose between 2 and 4 percent (Source –Kotchen). The expanded benefit of DST of crime reduction and traffic safety was also attempted to be offset by the study that reported that DST can cause sleep disruptions and possibly other serious consequences (Source E). These findings however are not that conclusive

Darden case study Essay Example for Free

Darden case study Essay 1. Using the full spectrum of segmentation variables, describe how Darden segments and targets the sit-down dining market. The types of segmentation include geographic, demographic, psychographic, and behavioral segmentation. For geographic segmentation, Darden has all of its Longhorn Steakhouse restaurants in the eastern half of the United States but they are trying to expand to the west coast. This is a great idea because out west is an untapped market with great potential for lots of earnings. Darden has a chance to redefine the image of steakhouses as is currently being done like the classiness that is being added to the brand. The customer traffic is increasing and Longhorn Steakhouse could potentially even overtake Outback Steakhouse as the premier steakhouse type of restaurant. For demographic segmentation, Red Lobster represents the opportunity Darden has to fill the gap between the young fast food concept and the upscale white-tablecloth restaurants. Red lobster is even making many changes to accommodate for the changing times around America which is causing sales to fall. With innovative concepts such as wood fired grilling resulting in a â€Å"taste of wood-grilled seafood† and investments in equipment and training, Darden is putting itself back in the spotlight to becoming recognized and respected. You can also never go wrong with fried shrimp so Red Lobster will always have that marketing card to play. The Psychographic segmentation is shown by how people want to feel positive emotions when they go out to restaurants such as the concept of a happy family and namely the mythical Italian family. Customers want to feel emotionally satisfied as much as they want to be physically satisfied by the food. Creating an authentic menu hits close to home because people get that warm and happy feeling when they see the authenticity. Even Olive Garden’s commercial â€Å"When you’re here, you’re family† and slogan show the feelings of connection that Americans want to feel and would be willing to come in for. Behavioral segmentation is shown in how less frequently Americans want to sit down at restaurants to eat their meals. With all of our financial constraints we are choosing different and more cost effective ways to eat out and have a good time with the family. Darden needs to use more cost effective ways to lower the meal prices so that family’s will once again be willing to eat out at a sit down restaurant on a regular basis.

During the past few decades we have seen a shift from Industrial work :: Business and Management Studies

During the past few decades we have seen a shift from Industrial work to Information technology work Industrial Work To Information Technology Work During the past few decades we have seen a shift from industrial work to information technology work. Why are educated professionals losing their jobs? Why is this happening? According to Rifkin, he believes the end of work is near. The three points of interest our massive unemployment, automation in factories and the dissolving of the middle class. In my opinion, the workers of today need to be flexible, versatile, and have cooperative skills in a changing economy. The employers are not only looking for highly skilled workers, but for people who are flexible, work well with others and have good problem solving skills. A worker must be flexible to be able to change and grow with the economy. The needs of employers are important in today’s job market. Flexibility goes hand in hand; with working with other people. Interaction with others and being a people -person builds stronger cooperative skills. Problem solving skills are a necessity for even the simplest of jobs. Having the ability to work through problems, to come up with a positive end result can be a long process. Cheaper labor can be found in other countries, which results in the closing of American factories or a cut in pay. Those still holding on to a job are being forced to work longer hours to make ends meet. I have personally seen my family and friends face this situation, growing up in the auto and steel environment as a child. As stated by Rifkin, â€Å"With each new indignity their confidence and self esteem suffers another blow.† (Rifkin 197) The most dramatic affect, according to Rifkin, is the â€Å"psychological death† experienced by the hard-core unemployed. As Rifkin puts it, after psychological death sometimes comes physical death. This clearly shows how changing one thing dramatically affects many things down the road. If we are aware and prepare for this situation we can make a difference. Rifkin’s claim that we are heading towards massive technological unemployment, this can be disputed by the unemployment figures for the last several years. My experience in the workplace, computer has created new positions. Even though, Rifkin believes it are not enough jobs. In my opinion, education is the answer to help and create workers in the information-technology field. Next, Rifkin claims our middle class is dissolving. According to the Department of Labor, for the past 3 decades, the classes have basically remained the same. In reality, most American wants to be successful either as blue-collar or white collar in society.

Ford Case Study Essay

Executive Summary Ford is one of the leading companies in the auto industry. The director of Supply Chain Systems at Ford was put in a tough position to make recommendations with regards to the company’s supply chain strategy. There are two groups within Ford that have two different opinions on how Ford should be using emerging information technologies and ideas from high tech industries, such as Dell, to change the way it interacts with suppliers. The first group argued that Ford should adopt Dell’s business model to improve efficiency and increase profits. This group emphasizes that Ford’s virtual integration should be the blueprint for what ford should attempt. On the other end, the second group believes that Ford and Dell operate in two different industries and it is not feasible to adopt Dell’s business model. This case study will demonstrate the toot causes of the problem and will present the reason why Ford should pursue with the mixed approach. Some of the solutions in the mixed approach are based on Dell’s business model, while the rest are not. These solutions are costly and time consuming, but Ford will eventually harvest the benefits of this approach. Issue Identification Teri Takai, Director of Supply Chain Systems, is about to make critical recommendations to senior executives on Ford’s usage of emerging information technologies and ideas from high tech industries to alter the methods Ford interacted with suppliers. There are two different views on this matter. The first view, which is in favor of virtual integration, argues that technology became a major player in supply chain, and Ford needs to redesign its supply chain by adopting new technologies to prosper. Supporters of this view used Dell as an example of virtual integration. Dell utilized new technologies to cut down working capital and risk of inventory obsolescence. The other view was more conservative. Supporters of this view argued that the auto industry is much different the computer industry with regards to layers of suppliers, complexity of parts, and history. Ford supplier network is massive and has many layers and a lot of companies. The growth of Ford resulted in growing the supply base to reach several thousands of suppliers in the 1980s. Even though Ford started reducing its supply base in the 1990s, there were still too many suppliers. In comparison to Dell, Ford needed thousands of parts to manufacture a vehicle, whereas Dell need few hundreds to manufacture a computer. This shows how complicated Ford’s supply chain versus Dell’s. Ford also has to controls the supply chain for its dealerships that are spread around the globe. The longer the supply chain is, the more problems would arise. For Dell, the supply chain is shorter and customers buy directly from Dell without going through dealerships or retail stores. Ford has no direct feedback from customers due to the fact that many of the dealerships were independent and not owned by Ford. Many Ford dealers were competing against each other’s instead of the real competition. For Dell, the situation was vice versa, Dell dealt and interacted directly with customers with no dealership involvement. While Ford’s first tier supplie r has moderately developed IT infrastructure, they cannot afford to invest in new technologies to keep up with Ford’s pace. The lower tiers of suppliers have very weak IT infrastructure and technological advancements, which would limit Ford’s supply chain and increase lead time and cost. In Dell processes, demand forecasting is important, where changes are shared with suppliers instantly. This is not the case for Ford. Before the Order to Delivery project, Ford never involved dealers in the forecasting process. Environmental & Root Cause Analysis: With returns of $144 billion, and 370,000 employees in 200 countries, Ford became the second largest industrial corporation worldwide. Ford’s main business is design and manufacturing of automobiles. Since 1903, Ford had produced more than 260 vehicles. The auto industry has been growing, at the same time some of the international automakers entered the US market and are competing fiercely with the US automakers: Ford, GM & Chrysler. With this tight competition, Ford and many automakers felt the need to move industry consolidation to reduce cost and improve quality. In 1998, Ford had profits $6.9 billion, and 3.9% return on sale. Ford has a huge supply based which was picked primarily based on cost. A lot of these suppliers lacked the IT infrastructure. Although Ford has good relationships with some of its suppliers, they aren’t treated as a part of Ford. On the other side, Dell’s suppliers have a very developed IT infrastructure and they are treated as part of Dell, and they acted like one. Ford’s suppliers are unique with nature and complexity. For Dell, suppliers own inventory until it is used in production, whereas the situation is opposite for Ford. This affects Ford’s cash flow and turnover rate and puts a lot of pressure on Ford’s production facilities. It also makes Ford hold the risk of holding sizable inventories to produce end products. Ford is lacking on demand forecasting, changes are not shared with the supply base immediately. Dell utilizes new technologies to share changes with its suppliers. Ford’s organizational structure is another challenge, where Ford’s purchasing is independent of product development, even engineers cannot discuss pricing with suppliers. At Dell, the purchasing function works collaboratively with the product development team. With all these challenges in the US market, Ford initiated a restructuring plan called Ford 2000. This plan was aimed to reduce costs by reengineering and globalizing organizations and techniques. Ford introduced the Order to Delivery (OTD) where it aimed to reduce the cycle time from 60 days to 15 days. Ford also created the Ford Production System (FPS) which is similar to the Toyota Production System, and it was intended to streamline Ford’s operations and make it more productive. Another initiative Ford took was the Ford Retail Network (FRN), and the goal was to deliver a high level of customer service and maintain customer satisfaction. Alternatives & Options Ford has some options with regards to using emerging information technologies and ideas from high-tech industries to change the way it interacts with suppliers. The first Alternatives to adopt Dell’s business model of virtual integration, where Ford would share information and systems with its supply base to coordinate inventory and streamline production. Ford would promote online customer shopping experience to receive orders and feedbacks and integrate them into Ford systems and its suppliers. This option has some advantages and disadvantages. It would improve the relationship between Ford and its suppliers, where information are communicated instantly between both of them. It would help in forecasting demand based on the information received and shared. It would also connects Ford directly to its suppliers and customers. This virtual integration would help Ford reduce its cycle time and costs dramatically, which would be reflected on the end products prices. The major disadvantage of this option is the high cost and lengthy process to execute it. It does not involve Ford only, but its suppliers as well. Ford and Dell operates in two different industries, and each industry has its own features. There is a big chance that virtual integration might not work as well as it does in the auto industry due to the complexity of manufacturing process, consumer behaviour, and history. The second alternative is to maintain the status quo and wait for the new Ford 2000 plan to start giving results. This recent initiative proposed solutions for a lot of Ford problems including suppliers and usage of new technologies. The advantages of this alternative are that Ford has already in the middle of executing the Ford 2000, and it should be long enough until the results are revealed. It is a comprehensive plan where there was an initiative for almost every aspect of the supply chain. The main disadvantage of this alternative is that it overlooks the instant communication between Ford and its suppliers. The third alternative is the mixed approach. Ford would adopt some of Dell’s business Model, at the same time introduce other changes. Ford would pick the feasible and applicable operations of virtual integration that best fit the automobile industry. On the other side Ford would narrow down its supply base and increase tier 1 suppliers. Ford would encourage and coordinate with suppliers of sub-system components. This alternative would allow Ford to tailor the best practices for its needs, but it would be costly, time consuming, and changes would affect different parties of the supply chain. Recommendations & Implementation Ford and Dell operate in two different industries that have different characteristics. Ford cannot copy Dell’s business model and expect positive results, but Ford can benefit from Dell’s experience. Based on the analysis of the above information and the study of this case, I would recommend to proceed with the third alternative. Ford has the organizational infrastructure to adopt and execute this alternative. Ford has a very well developed IT system and the resources to move on with these changes. Ford would update its IT system to share information with its supply base including tier 2 and tier 3 suppliers, where supplier would have access to Ford’s central data. Ford might have to team up with some of these supplier to develop their IT systems to ease the transformation and synchronization of information. Ford would reduce its supply base as much as it could, by short-listing suppliers and encouraging sub-systems suppliers through incentives. Ford would re-discuss terms with its suppliers to pay for inventory only when parts are used in production. Ford would adopt new technologies to share real-time information with all its supply chain members. Ford cannot skip dealerships before reaching end users, but can use dealership as a demand forecast channel and to deliver high customer service. These changes would ensure the smooth flow production and eliminate bottlenecks , which would in turn increase efficiencies and revenues and reduce lead times. Monitor & Control Ford must monitor that actions that it would take to measure the success of changes. Ford would have to assign a team of IT specialists to monitor the transition of suppliers IT systems and to help with any challenges. Ford would monitor lead times for customer orders regularly to see if lead times are improving and to check for bottlenecks. Ford to create an interactive website to answer and address customers concerns and suggestions. Form to create a committee of different supply chain members to lead these changes and direct them. This committee would meet semi-annually to discuss the changes and to address any problems or concerns. Conclusion Ford is one of the biggest car companies in the world. To overcome the challenges and to enjoy continuous success , Ford must adopt the above recommendations. The process is costly and time consuming, but it would pay off on the long run.

Demat Account Essay

I would like to thank my Branch Manager for being a support throughout my Project work. Mr. Deepak Chaudhary has always encouraged me to stay focused towards my project no matter what the conditions are. I have furthermore to thank my respected Project Guide Dr. Renuka Sharma who gave and confirmed this permission and encouraged me to go ahead with my Project. She always guided me in the right direction whenever I asked her for help. I would also like to thank God for giving me the patience throughout my project and my parents who supported me and helped me in all ways. Without all, I could not have successfully completed my project properly in time with adequate data and relevant substance in it. Thanking you, Mehak Mehta CUN120550046 3 Executive Summary This project is about creating a portfolio product that would help Angel Broking. We all know that stock market is a risky investment alternative for all but it is good if investor can make money out of it. The regulatory body for the stock market is SEBI who controls all the activities of the market on daily basis and try to do transaction in a legal way so as to avoid the scams and to protect the interest of the investors. Now days there are many Portfolio managers and Fund managers who invest on the behalf of the investors and they assured them fixed rate of return on their investment in a particular period of time. They all applied various kinds of model to measure the risk available in the market and the tools to manage that risk. There are various kinds of risk which is mainly categorize in two parts 1. Macro level risk 2. Micro level risk I. Macro level risk :- It consist of Systematic and Unsystematic Risk. Systematic risk is that which cannot be reduced but Unsystematic risk can be controlled. Micro Level risk:- It consist of various kinds of risk which are prevailing in the market like Business risk, Market risk, Liquidity risk, Exchange rate risk, Financial risk, Currency risk and Country risk The above are the broad categories of the risk in the market. As we can see from the recession that the global markets also have their impact on the Indian market because now a days companies are doing business at global level so the market of one country can affect the market of other countries also. So we cannot avoid the risk but we can manage the risk and minimize it. In my project I have done the same thing by applying the various models or tools which are helpful to manage the risk while doing an investment. Purpose/Objective of the study:? ? The purpose of the study is to give a portfolio product to Angel Broking as per the needs of the population of Ludhiana region. Endeavour to create wealth over the medium to longer term through investments in equities, across market capitalization by focusing solely on the following:? To measure the risk available in the market, taking into consideration the Nifty 50 stocks. To look deep into the fundamentals of the companies as well as the concerned industry. ? To calculate the expected return from the shortlisted stocks as well as from their concerned industry. ? To measure the risk/reward value of investors’ assets class choices 4 Research Methodology Used in the Project:Type of research project is Descriptive and Exploratory. To make a research project we need to see that whether there would be scope of this study or not, because if our study is not having scope then the whole work done will not be effective. The scope of this study is there in the market because in today scenario everyone looks for the safe and risk free return but they don’t know how to manage the risk which is there in the market so by the help of this study and after seeing the relevance, the Financial managers or the investment companies can take benefit out of it. Because by this they will come to know about the tools to manage the risk and they will be able to sell more investment products because by using it they will be able to give safe return to the investors which will lead to an increase in their goodwill in the market. Methodology used to making of this project is Descriptive research design. Once we decide with the type of research design we need also to know about the collection of data. I have used the secondary method to collect the data from the market. For this purpose different websites are being search out for the relevant information for making the project and various research paper and articles were also studied so as to get reference from those articles. Once I am done with the data collection and fundamental analysis, I then need to apply the tools. In my project I have used mainly four tools BETA, CAPITAL ASSET PRICING MODEL (CAPM), STANDARD DEVIATION and SHARPE INDEX. Sharpe Index tells us the excess return we can generate from the investment. Beta tells about the volatility of the risk. CAPM tells us about the Expected return on the stock, and Sortino ratio tells us that out of the stocks which are giving negative return which will be the stock that will give positive return in near future. Thus by applying all these models we come to know that we can also minimize our risk but for that analysis should be done so as to enjoy the safe return on the investment. Findings:- After applying all the above models I have come to know the Beta of my portfolio, expected return that my portfolio will generate. CAPM help us to know that how much would be expected return on the stock and then we can compare the actual return with the expected return and invest accordingly. Beta helps us to know the volatility of risk in the market and then we can do risk return tradeoff so as to invest in best stock as per our analysis. And Result of Sharpe ratio helps us to compare with the expected return and then do the Sortino ratio if required. 5 Table of Contents I. Introduction to the corporation. Business carried on by parent company and group companies along with brief history, promoters & vision Introduction to the parent firm Main competitors Number of employees Organization Structure Study of functioning of all the departments of the company SWOT Analysis Financial Statement Analysis Trend Analysis Strategies adopted Profitability Analysis Review of Literature ? ? ? Review of articles Need of the study Objectives of the study III. Research Methodology adopted IV. Details of actual work undertaken V. Interpretation & Analysis VI. Conclusion and Suggestions ? ? VII. Findings of the study Recommendations of the study Glossary VIII. Bibliography 6 Chapter-1 Introduction to the corporation and company 7 Business carried on by the parent company 8 Angel Broking Registered Office Corporate Office G-1, Ackruti Trade Center, Road No -7, 6th Floor, Ackruti Star, Central Road – MIDC, MIDC, Andheri (E), Mumbai – 400 093. Andheri (E), Mumbai – 400 093. Tel: (022) 2835 8800 / 3083 7700 Tel: (022) 3935 7600 9 About the company Angel Broking’s tryst with excellence in customer relations began in 1987. Today, Angel has emerged as one of the most respected Stock-Broking and Wealth Management Companies in India. With its unique retail-focused stock trading business model, Angel is committed to providing ‘Real Value for Money’ to all its clients. The Angel Group is a member of the Bombay Stock Exchange (BSE), National Stock Exchange (NSE) and the two leading Commodity Exchanges in the country: NCDEX ; MCX. Angel is also registered as a Depository Participant with CDSL. Vision To provide best value for money to investors through innovative products, trading/investments strategies, state of the art technology and personalized service. Motto To have complete harmony between quality-in-process and continuous  improvement to deliver exceptional service that will delight our Customers and Clients. 10 CRM Policy. A Customer is the most Important Visitor on our premises. He is not dependent on us, but we are dependent on him. He is not an interruption in our work. He is the purpose of it. He is not an outsider in our business. He is part of it. We are not doing him a favour by serving him. He is doing us a favour by giving us an opportunity to do so. † – Mahatma Gandhi Business Philosophy ? ? ? ? Ethical practices ; transparency in all our dealings Customers interest above our own Always deliver what we promise Effective cost management Quality Assurance Policy We are committed to providing world-class products and services which exceed the expectations of our customers, achieved by teamwork and a process of continuous improvement. 11 Evolution of Angel Group ? MR DINESH THAKKAR, CHAIRMAN ; MANAGING DIRECTOR, ANGEL GROUP, started this Journey as a SUB-BROKER in 1987 with 3 Employees and 25 Clients. 1997-2003 ? Dec’97: Incorporation of Angel Broking ? July’98: Angel Research Division started ? Mar’02: Web-enabled back office software developed 2004 ? Apr’04: Incorporation of Commodities Broking ? Sep’04: Launch of internet trading platform 2005 Awarded prestigious â€Å"Major volume driver† award 12 2006 ? ? ? ? Jul’06: PMS function launched Sep’06: Commences MF and IPO distribution Oct’06: Awarded â€Å"Major volume driver† award Dec’06: Crossed 2,500 business associates 2007 ? Oct’07: â€Å"Major volume driver† award for third consecutive time ? Nov’07: Crossed 1. 5 lakh mark in DP account ? Dec’07: IFC acquired 12. 35% stake in Angel Group 2008 ? ? ? ? ? Jan’08: Commences insurance distribution Feb’08: Ranked 1st by NSE for Registered intermediaries May’08: Third party distribution business ramped up Sep’08: Ranked 1st on NSE for largest sub-broker network Major volume driver† award for the 4th consecutive time 2009 ? Jan’09: Ranked 1st on NCDEX on the basis of turnover ? May’09: Awarded the â€Å"Best Retail Broking House† and the â€Å"Broking House with Largest Distribution Network† by Dun ; Bradstreet ? Two Analysts won the ET Starmine Analyst Award ? â€Å"Major volume driver† award for the 5th consecutive time 2010 ? Nov’10: â€Å"Major volume driver† award for the 6th consecutive time 13 2011 ? Mar’11: Awarded the Best Contribution in Investor Education ; Category Enhancement of the Year – Angel Broking Ltd and Broker with Best Commodity Research of the Year – Angel Commodities Broking Pvt. A very strong and dedicated Research and Advisory desk. ? One of the highest success ratios in both technical and fundamental calls. ? An excellent IT infrastructure in place with over 18144 trading terminals and 610 VSATs with a server uptime of 99. 9%. ? 100% Retail centric focus and total commitment towards retail customers. ? Some of the best fund managers running our Portfolio Management Services to enable clients to minimize their risk, enhance return and diversify their portfolios. ? Training Programs to upgrade the knowledge base ; competency levels of our employees, channel partners ; even our end customers. Understanding client’s risk ; return profile Offering the right blend of sector and stock exposure Giving dedicated Investment Advisors Giving a choice of different schemes to suit every individual investor preferences Catering to Individuals, HUFs, Corporate, NRIs, Trusts ? Angel Commodities ? ? ? ? Personalized services through branches ; regional hubs Trading ; Relationship Mgmt. Services in Bullion, Base Metals, Energy ; Agri. futures Opportunities in hedging ; portfolio diversification, speculation ; arbitrage Training ; Educational Seminars on Commodities ? Angel Currency Futures ? ? ? ? Comprehensive coverage on Currencies (‘Rupee’ to ‘Euro’, ‘Dollar Index’ to ‘Yen’). Reports covering in-depth fundamentals of the currencies. Latest economic data releases with their likely impact, along with â€Å"Technical levels† Comprehensive reports on currencies ideally suited for any investor / trader. ? Angel Gold ? ? ? ? Personalized Investment Advisory Portfolio Restructuring ; Continuous Monitoring Guidance from Experienced Research Team Periodic Group Meetings with Investors. ? Specialized Products Margin Funding ? Facility to allow clients to take higher exposure 20 ? ? ? Instant Liquidity for Clients Margin is deposited in Cash as well as Collaterals Enabling Clients grab Earning Opportunity Pre-Paid Brokerage ? ? ? ? ? ? Zero Account Opening Charges Attractive Brokerage Rates Free DP AMC for 1 year Assured gifts worth thousands with every account Easy ; Fast Recharge Free Financial Investment Application with every account ? Depository Services ? ? ? ? ? No physical instruction required for the client’s sell obligations Lowest transaction charges in the country Acceptance ; execution of instruction on fax A combined monthly ‘Bill-Transaction-Holding cum Ledger’ statement Efficient pledge mechanism ? Value Added Services Request response SMS Example – DP Holding, Pool Holding, Ledger update etc ? Insurance ? ? ? Products to meet the triple objectives of risk coverage, investment and tax planning Assessment of your Insurance needs after proper risk profiling A wide array of individual life cover plans to meet your Protection, Savings and Retirement needs ? Mutual Funds ? ? ? ? ? Tie- ups with all major AMCs Dedicated Relationship Manager for Business Partners Exclusive MF Research Reports by Angel (Daily/ Weekly/Monthly Mutual Fund Reports) MF Portfolios as per Investors Financial Goal Common Gateway for all Mutual Funds related queries ? Loans, IPO and Fixed Deposits Products distributed by Angel include: Unsecured Loans ? Personal/Business Loans/Credit Cards Secured Loans ? Home Loans/ Loan Against Properties ? Loan Against Securities / Gold IPO – Distribution, Advisory and Helpdesk Fixed Deposits NHB Term Deposits 22 Distribution Model Short form Full form Details CSO Central Statistical Organization Mumbai RO Regional Offices 24 Branches Branches 190 SB Sub-Brokers 10000+ Clients Clients 1900000+ 23 Business carried on by the particular firm 24 Angel Broking Regional Office. Rewards ; Recognition 27 E-broking Unique Online Trading products customized to suit different Investment / Trading needs – ? ? ? Angel Investor Angel Diet Angel Trade Back-Office Online Client Details includes – ? Ledger balances ? Cash Deposits with Angel ? Securities Holdings ? ? Charges levied/paid in the client’s account Last auction / close-outs effected ? DP Holding for the last 3 transactions 28 Advisory Intraday calls BTST calls Long term calls Angel Trading 29 Positional calls Main Competitors Major players in the region are as follows:- 30 History of broking firms Brief history of some broking firms – The birth of Karvy was on a modest scale in 1981. It began with the vision and enterprise of a small group of practicing Chartered Accountants who founded the flagship company, Karvy Consultants Limited. ? They started with consulting and financial accounting automation and carved inroads into the field of registry and share accounting by 1985. ? Since then, karvy utilized its experience and superlative expertise to go from strength to strength, to better their services, to innovate, diversify and in the process, evolved as one of India’s premier integrated financial service enterprise.

House Republicans Move to Cut Federal Workforce

House Republicans Move to Cut Federal Workforce With their morale already about to bottom out, the nearly 3 million civilian employees of the federal government now face two Republican-backed bills that would eventually eliminate many of their jobs. Taking the Forced Attrition Approach First up to bat, Rep. Cynthia Lummis (R-Wyoming) introduced the Federal Workforce Reduction Through Attrition Act (H.R. 417), which Rep. Lummis says would reduce the federal workforce by 10% over the next 5 years â€Å"without forcing any current federal employees out of a job.† Instead, the bill would allow the federal agencies to hire only one employee for every three that retire or otherwise leave service, saving an estimated $35 billion over those 5 years, according to Lummis. Through attrition at that rate, the bill requires a net reduction of 10% or nearly 300,000 jobs from the federal civilian federal workforce by September 30, 2016.  The bill would not apply to Postal Service workers, who are not exactly government employees, anyway. â€Å"We’ve racked up over $18 trillion in debt simply because Washington has no idea when to stop spending,† said Rep. Lummis in a press release. â€Å"Attrition is a solution that requires the federal government to do what any business, state, or local government would do to cut costs limit new hires.† In addition, should even one agency fail to comply with the one-for-three attrition plan, the bill would slap that agency with an immediate total hiring freeze. â€Å"Instead of blindly filling empty desks, this bill forces agencies to take a step back, consider which positions are crucial, and make decisions based on necessity rather than luxury,† said Lummis, adding, â€Å"Real, productive job creation takes place on Main Street America, not in the bloated federal government.† Finally, concerned that the agencies would try to â€Å"backfill† their departing employees by simply hiring even more costly third-party contractors, Lummis’ bill requires the agencies to match their reductions in employees with cuts in their numbers of service contracts awarded. The last action on the  Federal Workforce Reduction Through Attrition Act  took place on Jan. 20, 2015, when it was sent to the  House Committee on Oversight and Government.   Defense Employees In the Crosshairs Meanwhile over at the Department of Defense (DOD), where morale is even lower, the almost 770,000 civilian employees will be watching the Rebalance for an Effective Defense Uniform and Civilian Employees (REDUCE) Act (H.R. 340), introduced by Rep. Ken Calvert (R-California). Rep. Calvert’s REDUCE Act would force the DOD to cuts its civilian workforce by a substantial 15% about 116,000 employees – by the year 2020 and keep it at or below that level until 2026. According to Rep. Calvert, the workforce cuts would essentially reverse the 15% growth of the civilian DOD workforce that has occurred since the 9/11 terror attacks. In his statement on the REDUCE Act, Rep. Calvert cites former Secretary of the Navy John Lehman as estimating that a 15% reduction in the DOD’s civilian workforce would save $82.5 billion over the first five years. â€Å"The continued growth in our civilian staff at the DOD comes at a time when we are reducing the number of active-duty military personnel something is clearly wrong with that equation,† Calvert said in a press release. â€Å"Simply put, if we fail to correct this trend our uniformed soldiers, not to mention American taxpayers, will suffer the consequences.† Perhaps even more menacing to DOD employees is that, unlike Rep. Lummis’ bill, which specifies attrition as the method, the REDUCE Act does not specify how the DOD is to cut its workforce.    Instead, the REDUCE Act requires only that the DOD find a way to â€Å"responsibly adjust† its number of civilian workers, leaving anything from attrition to â€Å"round them up and lay them off,† on the table. The bill would give the Secretary of Defense greater authority to consider job performance in personnel decisions and to use voluntary separation incentive payments and voluntary early retirement payments in order to achieve the required workforce cuts. â€Å"Our current and retired military leaders have widely acknowledged the need to establish a more efficient defense workforce in order to preserve our national security posture in the future,† said Rep. Calvert. â€Å"However, actions speak louder than words and I continue to believe Congress will ultimately have to force DOD’s hand to implement these necessary changes.† No further action on the REDUCE Act has taken place since Aug. 13, 2015, when it was referred to the House  Subcommittee on Readiness.   Federal Employee Unions Object Labor unions are designed to protect jobs, so as you might expect, federal-employee unions strongly oppose both of these bills. In a press release, American Federation of Government Employees (AFGE) President J. David Cox said the size of the federal workforce as a percentage of the total U.S. workforce had already shrunk to a level unseen since the Eisenhower administration (1953 – 1961). Fearing the federal workforce will suffer a â€Å"death by a thousand cuts,† Cox said, â€Å"Federal employees protect Americans’ freedom to lead a decent private life without having to worry about basic necessities such as safe food and infrastructure.† â€Å"When anti-government lawmakers talk about cutting the already underfunded and understaffed federal workforce, it’s important to ask who they want to cut,† said Cox. â€Å"Do they want to get rid of employees who care for our veterans, inspect foods, keep air and water clean, forecast tornadoes, rescue victims of natural disasters, design safe roads and bridges, find a cure to deadly diseases, conduct research on energy efficiency, keep air travel safe, protect communities from criminals, analyze security and financial risks, advance science to drive further economic growth, protect people against discrimination in employment, ensure workplace safety and security, manage defense contracts worth billions of dollars, etc?†

Can democracy be spread by force

Can democracy be spread by force Introduction Typically, democracy is a system of governance in which people choose their preferred government and rulers. This can be exercised through voting in a free and fair mannerism.1Advertising We will write a custom essay sample on Can democracy be spread by force? specifically for you for only $16.05 $11/page Learn More It is instantiated by rights like freedom of expression and freedom of speech amongst others. Therefore, at its core, democracy signifies a fair and justifiable power distribution in any kind of society. This paper discerns whether democracy can be spread by force. Concurrently, it argues against the possibility of attaining democracy through forceful strategies. It also provides relevant countries and global instances (as examples) to certify this claim. This is a critical provision when considered comprehensively in the realms of democracy and its relevant benefits. In a democratic society, an individual has more power of governing his or her life as it would be appropriate (self choice of expression). Considerably, there are four main elements of democracy.2 Besides a political system where people choose and replace their government through elections (which are free and fair), people also participate actively as citizens in their civic life and politics. In addition, the rule of law which applies equally to every citizen should be used to protect the fundamental human rights of each and every citizen. Even though democracy is much embraced in most countries of the western world, it has failed in some continents such as Africa, Middle East regions, and to some extent, south Asia. Tribalism, which has its deep roots in these counties, is the major reason for this failure.Advertising Looking for essay on government? Let's see if we can help you! Get your first paper with 15% OFF Learn More Considerably, some attempts to attain democracy through force have worked in some countries includi ng Japan and Germany after the World War II. Nonetheless, some forceful efforts have failed significantly. Actually, the majority of people from these countries would prefer voting for a candidate who is a member of their tribe, religion, or sect rather than someone else who is a not a member even if that individual have got better governance ideologies. This is very evident in countries such as Zimbabwe and Iraq. The United States of America is at the forefront in spreading democracy.3 But why should they seek to spread democracy? And can democracy be achieved by force? Evidently, forced democracy might destroy a society during its establishment. Consequently, the society should be rebuilt after achieving the concerned democracy as it happened in the developed nations such as the Japan and Germany amongst others. Democracy can be spread by force To some extent this statement is true. For instance, the United States of America has launched an international war on terror, which invol ves strategies that embrace the regime change concepts. This creates new identities which are politically democratic and wins the hearts and minds of people. As an illustration, the involvement of the US in both Afghanistan and Iraq was premised on the view of eliminating terror and putting democracy in place. The United States has been successful in campaigning and spreading democracy through the use of military, politics, and psychology in almost each and every area that is involved around the world.Advertising We will write a custom essay sample on Can democracy be spread by force? specifically for you for only $16.05 $11/page Learn More Definitely, this close connection has implied that the extent of influence by the United States around the globe has been expanded. In fact, they have exploited every globalization device like television broadcasting and internet to compound the extent of its influence. These have been very effective in spreading democra tic propaganda in most regions of the globe that are governed by dictatorships. In addition, they have created changes in the political awareness in support to democratizing. At the end of the Second World War, US took an active role to deepen and widen democracy in western parts of Europe. The European integration was encouraged by the United States in establishing and stabilizing the democracy. NATO was the fortification within which West Germany, Spain, Portugal, and Italy became democratic. The integrated Europe and the twin NATO institutions jointly formed powerful incentives for developing democracies of the East European countries to link with the multilateral institutions of Western Europe at the end of the cold war.4 This shows how democracy spread in the western countries. However, it is important to note that war is characterized by the destruction of economy and ruining of the whole society. The society is rebuilt after the achievement of democracy as it happened in the developed nations such as the Japan and Germany amongst others as indicated earlier. There are certain problems that plague political efforts; typically, creating an arrangement that is able to safeguard people’s interests without persecution threats. Different nations around the globe have struggled with power balance by either using imperial or even more idealistic schemes to concentrate power for governing the world.Advertising Looking for essay on government? Let's see if we can help you! Get your first paper with 15% OFF Learn More There has been lots of debate domestically on how much right the executive should have. The strong executive supporters believe that the best way of preserving peace is through uncontrolled ability to discourage or anticipate an attack. However, the antagonists of such kind of a scheme distress that it is likely to allow the executives to start war very easily and would be particularly unstoppable if many nations adopt it. This dilemma was tried to be resolved by the administration of George W. Bush by creating the democratic empire concept.5 America is regarded as inalienable military power that is able to enforce a peaceful order in any part of the troubled world. In this way, America continues to keep unchallengeable military strengths. Thus, it is not necessary to destabilize weapon competitions of other eras and also restricts the contentions to trade as well as other peace pursuant. Actually, most people around the globe are uncomfortable with the policy of the United States w hich welcomes power in the provision and commitment to freedom.6 Their policy stresses that freedom commitment can and must create a common cause to counter the enemies of freedom. This a clear indication that if such policies are not available to safeguard the rights and freedoms of individuals in the society -their democracy- then most of the nations will not allow their people to exercise these rights. It is very likely that the democratic institutions of governments will not be able to thwart the abuse of power used in promoting democracy and the application of military power will instill democracy in these nations. The demonstrations and protests that swept the Middle East in the beginning of the year 2011 is a further illustration that indeed democracy can be spread by force. These protests resulted to the removal of Tunisian president Ben Ali and shook Hosni Mubarak’s government of Egypt. In these countries, it is not only the world superpowers like the United States t hat gave a more vocal support to the people who demanded democracy on the Cairo streets but also the people stood firm in calling for change of leadership in their country. Eventually, the kind of leadership that was characterized by dictatorship and the oppression of the poor and the disadvantaged in the society had to cede power, sending a strong message to the rest of the world that if a leader clings to power through corruption and denial of democracy, at long last he or she will have to face the consequences. This is one way in which democracy has been spread around the globe. There is also a lot of argument as to whether the use of force or military action is justifiable in promoting democracy. In some cases, the action of military may not only be essential in facilitating and restoring democracy but also in ending certain cruel kind of dictatorship. For instance, in Rwanda genocide of 1994 is a typical example. The military involvement was very justifiable to put an end to ge nocide and restore peace in Rwanda. Nonetheless, military intervention should be considered as a last resort since a lot of destruction of the society as well as economic degradation is associated with such forceful democracy. While considering other viable theories, democracy is a major contributor to fundamental human values and should be encouraged all over the world. It promotes values such as the rights of workers, freedom of speech and movement. It also establishes an environment that is secure and stable for citizens of a country. In addition to this, democracy is a value that ensures interests of all citizens and the country are taken care of and their rights are secured.7 Governments that promote democracy are the ones that enhance peace, avoid violence and wars, encourage development, and advocate for the rights of all humans. Democracy should be promoted in the modern world to assist in the achievement of stability and growth for humanity. Its development should also be p romoted to enable countries that are newly formed to adopt democratic principles. Countries that have not implemented principles of democracy should be denounced and encouraged to adopt them. Many countries in the world have adopted democracy and continue to promote human rights. There are others still in the process of implementing strategies that will ensure democracy.8 The growth of democracy has taken a long time and there are various methods that have been used to spread it. There have also been various barriers to the spread of the value and commercial barriers are among them. Some of the methods that have been used to spread democracy are through use of religion and education. However, there is the question of the effectiveness of coercion in spreading democracy. There are people who believe that force can be used in spreading democracy while others believe that it is not an effective method. The question to use force or not in spreading democracy can be answered using theori es of international relations. This section of paper will attempt to answer the question using realism and liberal theories. With respect to democracy, realism focuses on the motives leading to proper security, control and capital (Gilbert 58). On the other hand, liberalism proposes that the difference that exists between countries regarding principles of democracy is the main causes of wars. Realism first focuses on the main causes of wars. The theory also believes that the international structure and systems has an important role in international relations. The proponents of this theory further believe that the absence of authority from a central point leads to dilemma on matters of security. This therefore means that attempts by one country to seek security assurance are likely to make its adversaries feel insecure. These adversaries can them arm up and use other forms of interactions that are hostile by nature. The relative capabilities of countries thus play an important role i n international relations. Concurrently, the central authority plays important roles in the international relations and gives a reason for countries to relate in the international system.9 Groups based in various parts of the world are also important in international relations (according to the realists). Additionally, the behavior of the states is considered to be rational according to this theory. The reason for this belief among realists is that states use logic when making decisions and act in the interest of the nation. They do this so as to survive, be secure, be powerful and gain capital. The motives of the nation usually make analysts to manipulate how policy makers think and this has the effect of policy makers making laws that are in the interest of the nation.10 The realists also note that states respond to external factors. Thus, their actions are guided by what happens internationally. These can be used to explain how democracy can be spread using force. For example, Ir aq was a country led by a dictator. There were also extremists in Iraq and the rights of the citizen were not guaranteed. The United States, on the other hand, is a country that values democracy and protection of the rights of individuals. United States thus attempted to promote these values in Iraq forcefully. However, according to realists, there are other interests that the United States had apart from the promotion of democracy in Iraq. United States wanted to ensure that it is secure and its citizens are safe. The United States also wanted to avoid Iraq’s quest to develop weapons of mass destruction. If Iraq developed these weapons, then it would be a threat to United States and countries that are allied to it. In addition to these interests of the United States, the need to develop military bases in the Middle East was another reason for going to Iraq. The United States wanted to develop military bases in Iran and Syria so as to help Israel, which is an ally of Unites S tates. Another reason was the need to secure the supply of oil for the United States and the need to reduce complications that could result from energy shortage. This is a critical provision when scrutinized comprehensively. Finally, United States hardly ratified inspections UN executed in Iraq to determine whether there were weapons of mass destruction. These, according to realism theory of international relations, guided the policy decisions of the United States. It means that the United States checked the benefits that could result from invading Iraq and the costs of the invasion. It then made decision based on the findings with respect to democracy. Additionally, the United States was a central point of authority. It had the military might and is a super power.11 The foreign policies of the United States are also war preventive against countries considered to be rogue. The military might of United States also played an important part. According to the theory, the military streng th of a country is important. It determines how the country establishes, ratifies, and protects its foreign policies.12 Thus, US ensured that its military might was unmatched and if Iraq was developing weapons of mass destruction, then it had to be dealt with. These informed one of the policies of Bush administration and this was to remove the Baathist regime in Iraq. It did not, however, attack other countries such as North Korea or Libya or Iran. This is because of the interests that it had. In the attack, democracy was to be achieved by force in Iraq. In other words, the foreign policy of the United States is democratic in nature. On the other hand, according to liberalism, decisions to ratify force (to initiate democracy) are made based on differences that exist between countries that are democratic and countries that are non-democratic. Thus it is the ideologies that exist in a country, the beliefs and the views to the world operations are the guiding factors on whether to go t o war or not. This is different from the realists who see financial, political and bureaucratic motives of the elites as the reasons for going to war. Liberalism theory believes that the spread of democratic principles can lead to peace in the whole world. They argue that countries that uphold democratic principles are usually peaceful compared to countries that are ruled by authoritarian regimes. In addition to this, the liberals argue that economic interdependence among countries can promote peace too. This is because countries that are cooperating or depending on each other economically cannot go to war against each other because this would destroy both economically.13 According to liberals, states are the main actors in international matters and relations and not any other organization such as international corporations. According to liberals, the United States fear that Iraq could attack it and its allies because the ruler in Iraq was a dictator is one reason it attacked Iraq f irst. Secondly, it attacked Iraq because US’s security, security of other nations, and the rights of the Iraqis could only be derived through democracy. This means that the security for the whole world can be achieved when democracy is spread in the whole world. Security for the world can also be attained through trade and regulation of conflicts by international organizations. The liberals thus propose that force can be used to remove dictators from power and this will enable enhancement of freedom and thus democracy. In Iraq, this is what happened according to many people. A dictator, Saddam Hussein, was removed from power and the Iraqis gained democracy. Democracy cannot be achieved by force Even though most nations (especially in the western world) have been able to achieve forceful democracy, there are some regions where forced democracy has failed. Currently Americans have different opinions about the idea of promoting democracy.14 Even though most people believe that t he aim of the US foreign policy should be focused on endorsing democracy, there is unwillingness to make its promotion a key theme in their foreign policy as well as an opposition to the use of military force or threats to achieve democracy. Concurrently, the Americans believe they have a moral obligation of promoting democracy.15 There is a considerable support for cooperative approaches to promote democracy and involving the United Nations. There are people who would prefer to promote democracy in more friendly dictatorial countries regardless of whether it may result into unfriendly governments. Most people approve putting public and diplomatic pressure to respect the fundamental human rights. In 2005, the Americans resisted the recommendation of George w. Bush to make democracy promotion as the Central American policy. Evidently, Iraq and Iran have indicated unsuccessful instances where force was applied to establish democracy. Despite the US’s efforts to restore democrac y in the region, some instances of impartiality can be noticed within the region. The main purpose of democracy is creating reason and order in the society. However, when forced it could result into even more chaos, like in Israel and Palestine. Here the Israelites were given land (by the US), which the Palestinians claimed to be theirs. Consequently, there has been a constant war between the two countries. There are other countries which cannot keep democracy whether forceful or peaceful. Russia is a typical example where capital revolution rather than democracy has taken its deeper roots.16 In the majority of the undeveloped countries, democracy is difficult to sustain. In most cases, in smaller countries with already established set of cultures or government, when democracy is forced upon them it is more likely to backfire. In this case democracy will lead to tyranny17. Democracy has failed in America, majorly, because the government gets involved too much in the activities of bu sinesses like Microsoft. It imposes lots or restrictions which limit what can be done by the company thus hindering the value of democracy within these businesses. Even if democracy is forced on some countries, leaders still manipulate their way into dictatorship with impunity. Ngo Diem from the republic of Vietnam was a leader who never liked the public elections idea. When he was forced to establish and agree to the democracy of holding public elections, he organized it in a way that favored his victory. In this case, he sent soldiers in plainclothes into the districts of his opponents to make sure that he wins. This shows that democracy was still not yet exercised. The concerned election was not a free and fair. Precisely, the democratic society idea has changed and evolved over the past years to fit the country and its citizens. Even if not everybody is willing to accept a democratic government easily, there should be willingness of all parties involved. Democracy has succeeded in some countries simply because people have decided to exercise democracy rather than using force to impose it. Conclusion In conclusion, using force in spreading democracy is often necessary in most cases; however, it is not a vital success element. Democracy is changing regularly, not just for the citizens but also for the period it takes place. As evident earlier, democracy can be achieved through force in some cases; nonetheless, force never gives positive results in other instances. This is a critical provision when considered critically in the context of democracy and its promotional events. Every government should embrace democracy to give its citizens their necessary freedoms and rights. Bibliography Aron, R, Peace and War: A Theory of International Relations, Transactions Publishers, New Brunswick, 2003. Art, RJ K, Waltz. The Use of Force: Military Power and International Politics, Rowman Littlefield, Lanham, 2003.. Barkawi, T M Laffey. Democracy, Liberalism, and War: R ethinking the Democratic Peace Debate, Lynne Rienner Publ, Boulder, 2001. Benjamin, P, The Foreign Policy Disconnect: What Americans Want from Our Leaders but Dont Get, Univ. of Chicago Press, Chicago, 2006. Botscher, J, Neorealist Assessment of Indias Look East Policy, Grin Verlag, London, 2011. Bulliet, R, The Earth and Its People: A Global History, Cengage Wadsworth, Boston, 2011. Bundu, A, Democracy by Force?: (a Study of International Military Intervention in the Civil War in Sierra Leone from 1991-2000, Universal Publication, Parkland, 2001. Carter, A, Direct Action and Democracy Today, Polity Press, Cambridge, 2004. DAnieri, PJ, International Politics: Power and Purpose in Global Affairs, Wadsworth Cengage Learning, Boston, 2012. Fortmann, MT JJ, Wirtz, Balance of Power: Theory and Practice in the 21st Century, Stanford University Press, Stanford, 2004. Gilbert, A, Must Global Politics Constrain Democracy?: Great-power Realism, Democratic Peace, and Democratic Internationali sm, Princeton Univ. Press, Princeton, 1999. Hobson, J, Imperialism: A Study, Cosimo, New York, 2005. Lambert, A, Democratic Civilian Control of Armed Forces in the Post-Cold War Era, LIT, Münster, 2008. Rousseau, DL, Identifying Threats and Threatening Identities: The Social Construction of Realism and Liberalism, Stanford University Press, Stanford, 2006. Traub, J, The Freedom Agenda: Why America Must Spread Democracy (just Not the Way George Bush Did), Straus and Giroux, New York, 2009. Varas, A, Democracy Under Siege, Greenwood, Westport, 1989. Footnotes 1 A Bundu, Democracy by Force?: (a Study of International Military Intervention in the Civil War in Sierra Leone from 1991-2000, Universal Publication, Parkland, 2001, p. 65. 2 T Barkawi M Laffey. Democracy, Liberalism, and War: Rethinking the Democratic Peace Debate, Lynne Rienner Publ, Boulder, 2001, p. 73. 3 P Benjamin, The Foreign Policy Disconnect: What Americans Want from Our Leaders but Dont Get, Univ. of Chicago Pres s, Chicago, 2006, p. 23. 4 A Veras, Democracy Under Siege, Greenwood, Westport, 1989, p. 45. 5 PJ DAnieri, International Politics: Power and Purpose in Global Affairs, Wadsworth Cengage Learning, Boston, 2012, p. 86. 6 J Botscher, Neorealist Assessment of Indias Look East Policy, Grin Verlag, London, 2011, p. 36. 7 R Bulliet, The Earth and Its People: A Global History, Cengage Wadsworth, Boston, 2011, p. 67. 8 R Art K Waltz, The Use of Force: Military Power and International Politics, Rowman Littlefield, Lanham, 2003, p. 25. 9 J Traub,The Freedom Agenda: Why America Must Spread Democracy (just Not the Way George Bush Did), Straus and Giroux, New York, 2009, p. 50. 10 A Gilbert, Must Global Politics Constrain Democracy?: Great-power Realism, Democratic Peace, and Democratic Internationalism, Princeton Univ. Press, Princeton, 1999, p. 97. 11 MT Fortmann JJ Wirtz, Balance of Power: Theory and Practice in the 21st Century, Stanford University Press, Stanford, 2004, p. 64. 12 A Carter , Direct Action and Democracy Today, Polity Press, Cambridge, 2004, p. 60. 13 A Gilbert, Must Global Politics Constrain Democracy?: Great-power Realism, Democratic Peace, and Democratic Internationalism, Princeton Univ. Press, Princeton, 1999. 14 DL Rousseau, Identifying Threats and Threatening Identities: The Social Construction of Realism and Liberalism, Stanford University Press, Stanford, 2006. 15 A Lambert, Democratic Civilian Control of Armed Forces in the Post-Cold War Era, LIT, Münster, 2008, P. 467. 16 J Hobson, Imperialism: A Study, Cosimo, New York, 2005. 17 R Aron, Peace and War: A Theory of International Relations, Transactions Publishers, New Brunswick, 2003, p. 25.