The Social Network Facebook And Privacy Media Essay

The Social Network Facebook And Privacy Media Essay Introduction: We are living in the golden age of technology. Day by day technology is going to be more important in human life. Every aspect of our life like education, medical, business, information, transport, communication etc. demand technological support. It is helping us many ways in our daily life. Nothing is impossible nowadays. Information technology, given us the power to move around the world within minutes. What we got from IT: the communicative world is blessed of IT. There is no community in the modern world which can go through without IT. People nowadays become much more depended on IT. Operating business, financial transaction, entertainment, communicating everywhere we are using IT. In a word the globe is in palm and it happened for IT. As the Information technology playing an important role in our life but sometimes it is affecting our privacy and social life. Privacy: Privacy refers to personal secrecy or private or confidential information or property. In general everyone has some preference, someone likes to listening music and collecting songs and it is his personal privacy or secrecy. If anyone interfere his listening or collecting music that mean it is interfere in his privacy. In the website http://www.privacilla.org, they published, The word privacy has been used to describe many concerns with the modern world. It is a complex concept even before other concerns are lumped with it. The concept of privacy deserves to be carefully examined. It defies easy, and many proposals to protect privacy have gone forward without a clear articulation of what privacy really is. Importantly, privacy is a personal, subjective condition. One person cannot decide for another what his or her sense of privacy should be. (http://www.privacilla.org/fundamentals/whatisprivacy.html) So privacy has no visible size or feature. It actually depends on person and varies community to community and situation. It might be personal opinion, political view, or likings or sensitive information. Day by day the globe is coming closer by influence of various inventions and technological bless. And the word privacy is going to be much more complicated in this technological arena Social networks: Social networking is a grouping of people of same community or people of same neighbour or same likings or we can say it a group of friends. But in the IT world, social network is the best way of communication among people from same institutes or workplace via internet. For example; Facebook, twitter, MSN and many other open networks. Facebook: Facebook is the second largest social network on internet was founded by former-Harvard student Mark Zuckerberg and launched in February 2004.People using Facebook find their older friends and stay keep in touch with friends and family, make friendship with new people, publish their personal information. Like as, name, gender, interest, study, job etc. people are posting their likings, personal views, or in a word every single moment of our time we are publishing to share with our friends. This information is recorded by the operators in the server. Though sometimes we are deleting from our profile but we cannot delete it from there. How we are affected: According their (Facebook) privacy and policy, Facebook has the right to save our information and to share with third parties if necessary. That mean, with whom they are sharing our information we do not know it. In the same hand the third party, they do not have any obligation to share our information. So the third party can share our information with anyone or can use our information for any purpose. And thats how we are losing our privacy. Our personal preference is going to anyone who is not familiar with us. On the other hand anyone in our friend list can affect us or our social status putting any comment or any post in our wall which result harassment and hamper social status. Again various companies they can use the preference of individuals for their surveys without acknowledging people from their information given at the time of having the account of any social network. Another thing is, as Facebook is an open source network when you sign in you are gett ing a lot of advertisement or application where someone can easily access. And if anyone access in those applications, there is terms that they can access your personal information. By this you are giving your information to them unwillingly. A case study about Facebook abuse/offence: in 28th of August 2010 the popular newspaper METRO in UK published,  £ 10,000 bill for Facebook Jokes'. The news was about two friends. One of them posted a joke about his friend. He said his friend, he likes kids and he is a gay. And it was claimed that about 800 people watched this and that person was so scared to leave home. And their family expressed, it was a horrible and really stressful time for us. [http://e-edition.metro.co.uk/2010/07/28/] This case has been solved by court and the magistrate court fined  £10,000 the person, who commented about his friend. Recent warnings about Facebook: Recently The chief executive of search engine Google has predicted, Web users will one day be able to change their identity in order to escape the traces of their misspent youth available on social networking sites such as Facebook. [http://www.guardian.co.uk/media/2010/aug/18/google-facebook] Jason Deans guardian.co.uk, Wednesday 18 August 2010 16.54 BST Article history In the same hand the founder of Facebook cited, The Age of Privacy is over. In a six-minute interview on stage with TechCrunch founder Michael Arrington, Zuckerberg spent 60 seconds talking about Facebooks privacy policies. He said, If he were to create Facebook again today, user information would by default be public, not private. [http://www.readwriteweb.com/archives/facebooks_zuckerberg_says_the_age_of_privacy_is_ov.php ,January 9, 2010] So that mean in average everyones privacy is the risk. No one is in secret at least who is using the social networks. Conclusion: Finally we can say that social networks does not only publishing or reciting information about personal but also it is a medium of entertainment. If some steps can be taken to prevent the invasion of privacy all the networks are for our society and our community; to entertain people, keeping them happier and peaceful. On the other hand individuals should be much more aware about their privacy and secrecy. And we can stop to interpret anyones personal life and preference and thus the networks of community will be fruitful otherwise day by day it is going to much worse situation as the founder of Facebook is aware about the privacy and policies of society.

Similarities Between Hurston’s Novels, Seraph on the Suwanee and Their Eyes Were Watching God :: Compare Comparison Essays

Similarities Between Hurston’s Novels, Seraph on the Suwanee and Their Eyes Were Watching God Seraph – page 153 So, calling soothingly to Earl, Jim started from the south border of the sink hole and began to pick along to where Earl stood braced between two great cypress trees. Earl’s face was cold and unrecognizing. Jim caught hold to vines and shrubs to keep from slipping off the precarious footing into the water, and said nice things to Earl and kept going. He was a good half way along the dangerous route when Earl stepped forth and leveled the rifle and took aim. Eyes – page 184 He steadied himself against the jam of the door and Janie thought to run into him and grab his arm, but she saw the quick motion of taking aim and heard the click. Saw the ferocious look in his eyes and went mad with fear as she had done in the water that time. She threw up the barrel of the rifle in frenzied hope and fear. Hope that he’d see it and run, desperate fear for her life. But if Tea Cake could have counted costs he would not have been there with the pistol in his hands. No knowledge of fear nor rifles nor anything else was there. He paid no more attention to the pointing gun than if it were Janie’s dog finger. She saw him stiffen himself all over as he leveled and took aim. The fiend in him must kill and Janie was the only thing living he saw. Ms. Hurston’s two books Seraph on the Suwanee and Their Eyes Were Watching God are remarkably similar in many aspects, and I believe that these two passages exemplify that likeness. These two scenes take place just before a person is shot, Tea Cake in Eyes, and earl in Seraph. Janie kills (shoots) Tea Cake because he contracted rabies during the hurricane by a dog, and Earl was killed (shot) by several of the townsmen because he tried to rape Lucy Ann. Both Tea Cake and Earl were rendered mad and lost all humanity due to their circumstances. Both men needed help long before someone realized they could possibly be a danger to themselves or others. Both men were killed for attacking a woman, even though they clearly could not control themselves. Jim and Janie both try to help, but ultimately fail.

Bw/Ip International, Inc Case

Valuation of Corporate Finance BUFN 750 BW/IP International, Inc 1? BW/IP is a good candidate for the leverage buyout. * Steady cash flow (around 30 million per year). * Strong management team. * Positive NPV (about 61. 5 million) The NPV of BW/IP is 61. 5million(301-239. 5). Thus, we are quite optimistic about this BW/IP’s project. Calculating the NPV. Method: APV: VL=VU+PV (ITS). We can get the interest paid schedule from the BW/IP’s projected operating performance, which means there is a pre-determined interest paid to debt holders.Assumption: Tax rate: 38%. From 1991 to 1993, the tax rate remains to be constant, which is 38%. And we assume that the tax rate will continue to be 38%. Exhibit 1 shows the process of calculating tax rate: Growth rate:We assume the project will last for infinity, and grow in perpetuity after year 1992. And we use the average annually growth rate from 1990 to 1993 as our perpetuity growth rate, which is 2. 3%. Change in NWC:We subtract cas h from NWC provided in the case and we get the adjusted change in NWC.The calculation is presented in Exhibit 2. Discount rate:Typically, the investment horizon of a common leverage buyout range from 5 to 10 years, so we use the ten years treasury yields, ending at 1987 as the risk free rate, which is 8. 79%. For the market return, we use the S&P 500 index in 1980s, which is 12. 79%. Thus, we can easily get the risk premium. Exhibit 3 shows the process of calculating discount rate. Tax shields:Giving the interest paid schedule, we can figure out the tax shield each year from 1988 to 1993 at the tax rate of 38%.Discount rate: with a pre-determined debt and interest paid, we should use the cost of debt to get the present value of interest tax shield, because the risk of tax shield is moving together with the risk of the loan (debt), instead of the total assets. We assume the corporate borrowing rate is the same with BBB long-term bond, which is the cost of debt, 10. 63%. Thus the pres ent value of tax shield from 1988 to 1993 is 31. 91. We assume perpetual debt from the year 1994, and the same growth rate, which is 2. 3%. Exhibit 4 shows the processing of calculating tax shields.The FCF is presented in Exhibit 5. Sensitivity Analysis for BW/IP is presented in Exhibit 6 2? We favor the proposed acquisition of UCP. The primary sources of value in the transaction include: * Low capital or cash requirement UCP is a small firm, which would require additional borrowing by BW/IP of only 13 million. * Synergy and efficient gains. UCP’s product line complemented BW/IP’s extremely well because UCP’s most attractive feature was its installed base in the petroleum industry and together they would have the largest installed base in the petroleum segment. Improved management Takeover can improve management because interest and principal payments can force management to improve performance and operating efficiency. The proposed price is reasonable, because it is higher than the levered value of the project, which is 48. 17. Method: APV: VL=VU+PV (ITS). Assumption: Tax rate: Tax rate=38%, which is the same as the tax rate for BWIP. Growth rate: We use the average annually growth rate from 1991 to 1993 as ourgrowth rate,which is 6%. Discount rate: We use the ten years treasury yields, ending at 1988 as the risk free rate, which is 9. 4%. Exhibit 7 shows the calculation of Vu Exhibit 8 shows the calculation of PV(ITS) Sensitivity Analysis for UCP/IP is presented in Exhibit 6 3. How do the various features of the BW/IP buyout affect the company’sdecisions about long-horizon opportunities such as the UCP acquisition? What are the advantages and disadvantages of the 1987 buyout, viewed as afinancial program? After the buyout, BW/IP became a privately owned company which was less dependent from Borg-Warner Corporation than before in decision making.For the opportunities that the managers favored, such as the UCP acquisition, the compa ny had more chance to carry on the deal. However, for the case in which larger amount of financing is required, the company may not be competitive enough without Borg-Warner’s financial support. The buyout could generateda better and a more efficient management, by changing the corporate structure (including modifying and replacing executive and management staff, unnecessary company sectors, and excessive expenditures), BW/IP can revitalize itself and earn substantial returns.However, since the 1987 buyout is highly leveraged, the new company has a high debt-to-equity ratio, which means the company needs to achieve required return to pay the cost of debt or faced the chance of bankruptcy. Besides, the leveraged buyout is also considered to be a risky project, which may be easily affected by economics environment. The chance of success tends to be larger under steadily growing economy, while smaller in recession periods. 4. As one of BW/IP’s bankers, would you approve t he company’s request for a waiver of covenants and financing of the UCP acquisition?Yes. A banker will not approve to finance a project unless he has confidence in the profitability of the project and in that he can get his money back. The projected NPV of the UPC deal is 48. 17 million dollars, which is far bigger than the offer 18. 5 million dollars. To analyze this qualitatively, the expected success of the UCP acquisition comes from several aspects. Undeniably, the economic and industrial forecast is against financing a risky project . However, the deal will generate positive synergies since UCP’s product line complemented BW/IP’s extremely well.BW/IP will raise its competence in both original equipment and aftermarket sector domestically as well as internationally after acquiring UPC. Besides, as mentioned in the case, the good credibility of Mr. Valli and his team and that C&D’s principals were experienced and respected in the financial community wi ll affect bankers’ attitude. Exhibit 1: Tax rate | 1987| 1988| 1989| 1990| 1991| 1992| 1993| EBT| -9. 56| -0. 001| 8. 91| 12. 95| 17. 31| 19. 49| 23. 57| Income tax| 2. 8| 0| 0| 3. 61| 6. 58| 7. 41| 8. 96| Tax rate| -29%| 0%| 0%| 28%| 38%| 38%| 38%| Exhibit 2: Change in NWC AR| 58. 68| 53. 1| 51. 69| 55. 08| 59. 11| 63. 6| 67. 91| 72. 54| INV| 58. 5| 58. 39| 60. 72| 64. 66| 69. 57| 75. 46| 80. 29| 85. 53| Other current asset| 3. 91| 3. 49| 4. 42| 4. 7| 4. 99| 5. 31| 5. 64| 5. 99| AP| 15. 78| 18. 12| 19. 73| 20. 94| 22. 32| 23. 78| 25. 19| 26. 69| Other current liabilities| 14. 92| 17. 29| 15. 19| 16. 12| 17. 1| 18. 23| 19. 36| 20. 56| NWC| 90. 39| 79. 57| 81. 91| 87. 38| 94. 25| 102. 32| 109. 29| 116. 81| Change in NWC| | -10. 82| 2. 34| 5. 47| 6. 87| 8. 07| 6. 97| 7. 52| Exhibit 3: Cost of capital Cost of capital| 17. 5%| CAPM| Rf| 8. 79%| Exhibit 7 | ?a| 1| Hint| Market return| 12. 79%| S&P 500 index in 1980s| Risk premium| 4. 00%| |Exhibit 4: Interest tax shield | 1988| 19 89| 1990| 1991| 1992| 1993| Total interest paid| 0. 63| 1. 75| 1. 66| 1. 51| 1. 4| 1. 22| ITS: tax [email  protected]%| 0. 24| 0. 67| 0. 63| 0. 57| 0. 53| 0. 46| Cost of debt 10. 63%| | PV (ITS) 1988-1993| 31. 91| PV (Terminal value)| 37. 1| Total PV (ITS)| 69. 00| Exhibit 5: Free cash flow | 1986| 1987| 1988| 1989| 1990| 1991| 1992| 1993| FCF| | 39. 37| 26. 8| 24. 62| 24. 11| 24. 57| 24. 72| 25. 8| Growth rate| 2. 3%| Terminal Value| 270| VU| 232. 89| PV (ITS)| 69| VL| 301. 89| Exhibit 6: Sensitivity analysis for BW/IP * Buyout| | * NPV| * % change of NPV| * Growth rate| * 0. 00%| * 32. | * -47. 91%| | * 2. 30%| * 62. 39| * 0. 00%| | * 4. 60%| * 109. 5| * 75. 51%| * Discount rate| * 10. 79%| * 81. 5| * 32. 52%| | * 12. 79%| * 61. 5| * 0. 00%| | * 14. 79%| * 44. 5| * -27. 64%| * Cost of debt| * 9. 63%| * 64. 5| * 4. 88%| | * 10. 63%| * 61. 5| * 0. 00%| | * 11. 63%| * 59. 5| * -3. 25%| Exhibit 7:The calculation of Vu | 1988| 1989| 1990| 1991| 1992| 1993| EBIT| -1. 15| 2. 59| 3. 29| 3. 96| 4. 34| 4. 74| Income tax @| -0. 44| 0. 98| 1. 25| 1. 50| 1. 65| 1. 80| NI| -0. 71| 1. 61| 2. 04| 2. 46| 2. 69| 2. 94| FCF| | | | | | | Depreciation| 0. 48| 0. 6| 0. 99| 0. 90| 0. 84| 0. 84| Change in NWC| | | | | | | Change in AR| 1. 13| -0. 15| -0. 22| -0. 20| -0. 13| -0. 14| Change in inventory| -0. 36| 0. 68| -0. 21| -0. 18| -0. 12| -0. 13| Change in other asset| 1. 73| 0. 00| 0. 00| 0. 00| 0. 00| 0. 00| Change in current liability| 0. 27| 0. 18| -0. 01| -0. 35| -0. 04| -0. 04| Change in NWC| 2. 23| 0. 35| -0. 42| -0. 03| -0. 21| -0. 23| Capital expenditure| 0. 18| 1. 20| 0. 40| 0. 40| 0. 40| 0. 40| FCF| -2. 64| 1. 02| 3. 05| 2. 99| 3. 34| 3. 61| Growth rate| | | | -2%| 12%| 8%| Average growth rate| 6%| | | | | | Terminal value| | | | | 53. 15| | FCF| -2. 64| 1. 02| 3. 05| 2. 99| 56. 9| | VU| 40. 28| | | | | | Exhibit 8:The calculation of PV(ITS) | 1988| 1989| 1990| 1991| 1992| 1993| Interest | 0. 63| 1. 75| 1. 66| 1. 51| 1. 40| 1. 22| ITS: tax [email  protected]%| 0. 2 4| 0. 67| 0. 63| 0. 57| 0. 53| 0. 46| Terminal value| 2. 18| | | | 10. 01| | PV (ITS)| 7. 97| | | | | | Exhibit 9: Sensitivity analysis for UCP/IP UCP| | NPV| % Change of NPV| Growth rate:| 0. 00%| 14. 35| -51. 76%| | 6. 00%| 29. 75| 0. 00%| | 12. 00%| 278. 5| 836. 13%| Discount rate:| 10. 79%| 46. 5| 57. 63%| | 12. 79%| 29. 5| 0. 00%| | 14. 79%| 20. 21| -31. 49%| cost of debt:| 9. 63%| 30. 5| 3. 39%| | 10. 63%| 29. 5| 0. 00%| | 11. 63%| 27. 5| -6. 78%|

literature Essay examples - 2709 Words

LITERATURE I. FICTION A. What fiction is Fiction (from the Latin fictio, â€Å"a shaping, a counterfeiting†) is a name for stories not entirely factual, but at least partially shaped, made up, imagined. It is true that in some fiction, such as historical novel, a writer draws upon factual information in presenting scenes, events, and characters. But the factual information in a historical novel, unlike that in a history book, is of secondary importance. Fiction as we know it today is considered to be a relatively new genre compared to poetry and drama. The tradition of fiction started with myth and legend and allegory. But the fictional characters in these imaginary worlds were mostly one-dimensional abstractions, personified as Love,†¦show more content†¦Plot Plot is the arrangement of events in a story, or the structure of the action. The action in a plot is usually progressive because one force acts upon another. Plot begins with an exposition: the opening portion that sets the scene (if any), introduces the main characters, tells us what happened before the story opened, and provides any other background information that we need in order to understand and care about the events to follow. D. The short story In a short story, a form more realistic than the tale and of modern origin, the writer usually presents the main events in greater fullness. A short story is more than just a sequence of happenings. Some literary short stories, unlike commercial fiction in which the main interest is in physical action or conflict, tell of an epiphany: some moment of insight, discovery, or revelation by which a character’s life, or view of life, is greatly altered. Other short stories tell of a character initiated into experience or maturity. The fable and the tale are ancient forms; the short story is of more recent origin. E. Point of view A critical issue in any short story is its point of view. The importance of point of view may easily be overlooked, but the choice of the narrator influences the total structure of the story. There are basically three points of view:Show MoreRelatedLiterature And The English Literature Essay1537 Words   |  7 PagesLiterature can briefly be defined as written works, especially those considered of superior or lasting artistic merit; books and writings published on a particular subject or leaflets and other printed matter used to advertise products or give advice. One of the most popular forms of literature would be English literature. If one would look up the definition for English literature, the best descriptive information would be that it’s impression and format is over one hundred years old, and continuesRead MoreLiterature And Its Influence On Literature1169 Words   |  5 PagesOnce people mention the literature, the Nobel Prize in Literature or some world-famous masterpieces, like Shakespeare’s plays, would pop out of my mind. 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