Comparative Politics Midterm Essay Example | Topics and Well Written Essays - 1250 words

Comparative Politics Midterm - Essay Example The answer to this question is simple and straightforward. This is the most popular pattern of democracy, practical from the functional point of view of the government in power. In a democracy, the political party that wins the election, turns to be the powerful chair and the party/parties those are defeated turn to be chair-less powers! Elucidating this issue further Arend Lijphart writes, â€Å"The majoritarianism-consensus contrast arises from the most basic and literal definition of democracy-government by the people or, in representative democracy, government by the representative of the people—and President Abraham Lincolns famous further stipulation that democracy means government not only by but also for the people—that is government in accordance with the peoples preferences.†(1) From the technical point of view, and going the by the rule book of democracy, the issue is clear. The party in majority, rules the country and its decisions are final and legal ly binding on the people. The Consensus Model is to accommodate for the viewpoints of the other party /parties, even though they have lost the election are obliged to sit in the opposition benches. In this model, there is always room for the others. They believe, two heads are better than one. Lijphart throws more light of the functioning of such democracies and he comments, â€Å"The alternative answer to the dilemma is: as many as possible. This is the crux of the consensus model. It does not differ from the majoritartian model on accepting that majority rule is better than minority rule, but it accepts majority only as a minimum requirement: instead of being satisfied with narrow decision-making majorities, it seeks to maximize the size of these majorities.†(2) Working as per the guidelines of this model, the majority party does not believe that whatever it decides is correct; rather it is willing to believe and implement, whatever correct is there, belongs to all. The French system of

Digital Smell Technology Essay Example for Free

Digital Smell Technology Essay We all are aware about todays technology evidence, how far it resembles with our day to day life. Everything around us is changing so rampantly. Basics needs in this era of technology are not just limited to three i.e. food, shelter and clothes, people are expecting a lot than this three basic one. If you observe carefully technology mainly focused on our sense of sight and sound, you will find it more interesting and incredible. Now it’s time to add one more sense into the list and that is nose and tough. We all are very quantize with the online shopping through internet, while buying some product on the internet we can see the image of the product. This online shopping is just limited for some products like clothes, mobiles etc. But now you can buy those products which have smell like perfumes, cakes etc. Anything which you will decide to buy from its smell. Means you will be able to smell the object just sitting in front of your computer by using this digital smell technology. Now you might be thinking that how it will be possible ?. California based Dig scents Inc. has developed this technology. A small device connects through your computer or laptop via serial port and has its own driver which produces the smell related to your product in your room. The idea of this technology came from one perfume making company for the advertisement of his perfumes products. This digital smell technology can be used for the security purpose in public places like theaters or some auditorium etc for detecting the odd flavor of some explosive materials. There is USB device which need to connect to your computer via. USB device is called ismell. Which contain some chemicals to produce the all types fragrance using different combinations. For each smell there is some code for respective smell. When user click on that product link client request  the ismell device and the device recognized the coding according to that the respective smell will be escaped from the device and spread into the room.

Mergers Of Abbey National And Santander Finance Essay

Mergers Of Abbey National And Santander Finance Essay As Watson Head (2007: 310-311) explained the terms Merger and Acquisition are used interchangeably but the differences are quite noticeable. The term Merger suggests the friendly reorganisations of assets into a new organization; the two similar sized organizations will then become one entity with both sets of existing shareholders. On the other hand, Acquisition or a Takeover suggests obtaining ones companys ordinary share capital by another one. In an acquisition the one of the organizations is larger in size and financial stability and has the dominant power over the other one. The Acquisition process is lengthy and very complicated in nature. Acquisition of any particular organization can have several motives, the acquirer may want to amplify their economies of scale, market share or to attain the financial synergy through declining the companys cost of capital. All these can be classified as: Horizontal Merger and Acquisition: Involves companies at the same stage of production in the same industry. i.e.: the acquisition of Cadbury by Kraft in 2010 Vertical Merger and Acquisition: This involves companies at different stage of production but within the same industry. The vertical integration can either be: Forward movement towards the production process, i.e: A furniture manufacturer merging with a retail furniture outlet. Backward movement towards securing the suppliers, i.e: A furniture manufacturer merging with a wood supplier. Conglomerate Merger and Acquisition: involves companies in unrelated business lines. i.e.: A clothing company acquiring a jewellery company. Trends in MA activity 2004 to 2010 in Europe Banking Industry: Figure 1: One in Five companies plans to go for large scale Acquisition in 2010 some industries expect to be even more active. Source: USB and BCG CEO/Senior Management MA survey- 2009 on 166 European Companies. As from the Figure:1 and Graph:1 , The MA trend in Retail and Insurance industries are in inclining nature, but we can observe an inclining trend in the Banking industry MA in Western Europe compared to the global trend. The Western Europe Banking sector MA shows a parallel movement with the global MA trend, suggesting that the Western Market is very susceptible to the overall market movement. The inclining nature of the MA in the Western Baking Sector (from mid 2005- mid 2009) suggests the upturn of the MA trend in the during the current recession crisis, the banks were making profits with the global trends in M&A; as these banks are also earning fees from their advisory and other services, such as; syndicated banking facilities to support leveraged bids. The trend also suggests the wave of cross-border MA with the movement of the global trend in order to expand the business. Graph 1: Trend in Global MA activity (2004-2010), compared to Eastern and Western Europe banking industry MA. Source: Bloomberg In the current recession years; with low interest rate, poor bond yields and high level of liquidity- the banking industry within the Western Europe is embracing the MA opportunity as many corporations have pushed back the bidding deals.  [1]   Table 1: MA trend from 1/01/2010 to 29/03/2010. Source: Bloomberg Acquirer Region Target Region Average Size (GBP million) Global Global 110.63M Global North America 174.94M Global Europe 79.60M Global Asia Pacific 65.29M Global Latin America Caribbean 331.65M Global Middle East Africa 106.65M North America North America 159.79M North America Europe 114.29M North America Asia Pacific 48.36M North America Latin America Caribbean 47.84M North America Middle East Africa 17.54M Europe North America 546.90M Europe Europe 65.42M Europe Asia Pacific 636.53M Europe Latin America Caribbean 1.14B Europe Middle East Africa 95.87M Asia Pacific North America 128.86M Asia Pacific Europe 41.68M Asia Pacific Asia Pacific 46.56M Asia Pacific Latin America Caribbean 180.35M Asia Pacific Middle East Africa 94.18M Latin America Caribbean North America 183.26M Latin America Caribbean Europe 455.35M Latin America Caribbean Asia Pacific 73.86M Latin America Caribbean Latin America Caribbean 506.03M Latin America Caribbean Middle East Africa 11.21M Middle East Africa North America 10.50M Middle East Africa Europe 485.98M Middle East Africa Asia Pacific 21.17M Middle East Africa Latin America Caribbean 7.62M Middle East Africa Middle East Africa 134.77M From the table above, the MA trend is inclining more towards emerging markets as the target regions; although, emerging markets are also opting for MA activities in the same or different emerging markets to expand the business. An Acquisition CASE: Abbey national PLC acquired by Banco Santander SA: Background of Abbey National PLC: The Abbey National Building Society was formed following the merger of the Abbey Road Building Society and the National Building Society in 1944  [2]  . In July 1989, Abbey became a public limited company and floated on the London Stock Exchange. With 12 million customers and assets of  £ 177 billion, it is ranked the sixth largest bank in the UK by assets and the fifth largest by deposits (with a 9% share of the market). Reflecting its origins as a building society, it is the second largest mortgage provider in the UK, with an 11% share of the market. Furthermore, with 15% of the market, at the time of acquisition, it was the third largest provider of insurance protection products and has a large distribution network with more than 700 branches (EMCC, 2008). Abbey had two main business divisions, Personal Financial Services and the Portfolio Business Unit. Background of Banco Santander Central Hispano SA: Santander is a bank that has transformed itself: from being a middle player in the Spanish banking market 20 years ago, it is now a major global bank operating in Spain, Portugal, Germany, the United Kingdom and other European countries, as well as in Latin America. The group is currently the leading consumer bank in Europe and has over 10,500 branches globally (excluding those branches gained through the acquisition of Banco Real as a result of a deal with ABN AMRO). Santander is a technologically advanced bank, with an information technology platform that is regarded as a strong competitive advantage. Excluding Banco Real employees, the group currently employs approximately 130,000 people worldwide, of whom 50% are working in Latin America. There are also large numbers of employees working in the UK and Spain. (EMCC, 2008). Banco Santander was a small retail bank when it started its business in 1985, since then it initiated its local market growth through mergers and strategic alliances; and later implemented Low-scale cross-border expansion through strategic alliances and acquisitions. Gradually, the implementation of Large-scale cross border expansion took place. Chart 1: Banco Santander Acquisition Transaction Overview till January 2010. Source: Reuters Overview of the Acquisition: The objectivity of this particular acquisition/takeover was to diversify the business of Banco Santander PLC to mortgage and financial services; not to mention to explore the retail banking opportunities in the UK market. Therefore, the motive for this MA was to gain economies of scale through synergy and also to entering a new market in order to optimize their market share, hence; buying Abbey was a mean to enter into Europes second largest consumer financing market. In 2003 Abbey National PLC was pricey for Santander and in 2004, Abbey incurred losses from its entry into the money market and Santander decided to go ahead with the Acquisition plan in order to penetrate the UK market. Moreover, the secondary objective of this acquisition was to under-cut the local competition for Banco Santander with the hopes of obtaining higher profitability in the UK market. Moreover, Banco Santander already had the expertise in the retail banking and built a strategic alliance with the Royal Bank of Scotland from 1988. Therefore, Santander had already gathered banking knowledge and futuristic opportunities. As stated by Parada et al., (2009: 666-667) Acquiring Abbey National PLC would make Banco Santander the biggest bank in Europe and Latin America and dominating their business in the strong currencies- the Euro, US dollar and the Pound. The acquisition had boosted the companys operation in six segments: Retail Banking, Global Banking Markets, Corporate Banking, Private Banking, Group Infrastructure and Sold Life Businesses. After the acquisition Abbey National PLC became Santander UK PLC in January 2010.  [3]   Abbeys leadership position in the United Kingdoms mortgage lending market, together with its extensive branch network, represent for the shareholders of Banco Santander and of Abbey an opportunity to create value based on the application of the best business and technological practices of Banco Santander to Abbeys banking operations. Abbeys business heavily contributes to reinforce our pan-European franchise and provides the Group with a more balanced earnings stream.-(Emilio Botà ­n, Chairman of Banco Santander, July 2004).  [4]   Table 2: Overview of the Abbey National PLC acquisition. Source: Reuters As noted in Parada et al., (2009, 666-668) in 2004 Abbey was suffering from losses from entering in the whole-sale money market; therefore, Santander grabbed the opportunity to launch a friendly bid. Santander managed to overpower all the regulatory obstacles. Although the acquisition was initiated in 2004; but the tentative completion of this acquisition is expected to be at the end of 2010; given Abbey National PLC will be renamed as Santander UK PLC. Figure 2: The 3 steps of internationalization implemented by Santander in 2004. Source: Authors. Acquisition of Abbey National PLC Graph 2: The dimensions of Santander acquisition with its growth (2000 to 2004). Source: Bloomberg The graph above portrays the rising nature of Santander Share price after the Abbey acquisition at the end of year 2004. Defence Strategy implemented by Abbey National PLC: During the Acquisition offer, Abbey National PLC urged its rivals British banks to make counter-bid offer in order to push back the  £8.9 billion offer made by Banco Santander. Moreover Abbey spent out  £9 million worth of Legal documentation to its approximately 1.8 million shareholders in the hopes of bouncing off the Acquisition offer made by Banco Santander.  [5]   Valuation of the Acquisition: The asking price for the acquisition was  £10 billion and the sold price was  £8.9 billion. The terms of the Acquisition were based on the equity market capitalisation of the two companies over the three months prior to 23 July 2004. Based on the average closing market price for a Banco Santander Share on the Spanish stock market was à ¢Ã¢â‚¬Å¡Ã‚ ¬8.70 and the average closing mid-market price for an Abbey Share on the London Stock Exchange was  £4.69 at an exchange rate of à ¢Ã¢â‚¬Å¡Ã‚ ¬1.5054:  £1, the terms of the represent a premium of approximately 28.4 % with a value of each Abbey Share at  £6.03 or 603 pence ( taking into account the 6 pence for dividend differential, see the financing section), and the entire issued ordinary share capital of Abbey at approximately  £8.9 billion.  [6]   Financing the Acquisition Bid: The acquisition was finance through the purchase of Abbey shares and Mixed Bid offer was initially offered to precede the acquisition; where, Santander (the largest bank in North American and Spain) offered one of its own shares and 31 pence in cash for each share of London-based Abbey shareholders.  [7]  The special dividend of 25 pence will be paid along with 6 pence (31 pence in total) worth dividend differential to compensate the Abbey National shareholders; as historically the dividend payment of Banco Santander was usually lower than Abbey National Dividend payment (Table:3). Later on, in November 2004, the acquisition was carried out through an exchange of one new Santander Share for each of Abbey share. 94.6% backing support (based on the share counting only 64.8 % shareholders agreed to the acquisition deal) was received from the Abbeys shareholders in order to proceed with the takeover. The deal was worth almost  £9 billion (or à ¢Ã¢â‚¬Å¡Ã‚ ¬ 13.5 billion to be exact; at the time of acquisition offer the exchange rate was à ¢Ã¢â‚¬Å¡Ã‚ ¬1.5054 to  £1). The enlarged company would be 76%-owned by existing Santander shareholders, with the rest in the hands of Abbey shareholders.  [8]   Regulatory Framework: The acquisition took place under section 425 of UK Companies Act 1985. Moreover, Santander had to provide many paper-works and detailed plans to the European Authorities regarding the Abbey Acquisition (See Appendix, Illustration: 2). As a result of the acquisition, Abbeys remaining private shareholders became entitled to one Santander share and the shares are traded in Euros in the Madrid Stock Exchange.  [9]   Table 3: Capital Value estimated for the Abbey Shareholders, Source: http://www.vernimmen.com/ftp/sch-abbey.pdf Cultural Differences: Although, the Spanish culture and British culture vary in many ways they run business. In British Culture, organizations rely mainly on their Human Resource, whereas, Spanish Culture relies more on the technological upgrading. Abbey National PLC had about 33% back-office employees; whereas, Santander had about 6% to 10% employees as back-end personnel. Therefore, after the acquisition the employee number in Santander PLC came down to 16 thousands from 24 thousands in the UK. At the time of acquisition Santanders cost to income was 42%, whereas in UK it was on about 50% or more.  [10]   The acquisition may be affected by different tax incentives and regulations. Any change in the Spanish Banking policy will affect the Santander UK subsidiary both economically and financially. Moreover at the time of acquisition in 2004, the UK national savings rate is only 14.7% of GDP, compared with over 23% in Spain. Therefore, the spending and saving nature in the UK are very diverse than in Spain. As quoted in the Guardian (2005): Santander .. treats its Spanish shareholders to an unusually attractive range of perks, from discounted medical insurance and dental care to cut-price hams and crates of wine.  [11]  . Therefore, such treatments in the UK can be perceived as manipulative technique due to the variance in these two cultures. Performance in Share Price and Stock Market- Post Acquisition: Since Banco Santander is a Spanish bank, the shares was listed in Spanish Stock Market and the shareholders had to face exchange rate volatility since the dividend were being paid in Euros; nonetheless, the Spanish taxation issue can be quite complicated to the UK shareholders. The Abbey shareholders were given the option to sell the shares to any Spanish Organization in the UK, but Abbey shareholders who held on to their Santander shares over time have to pay tax on any dividends they get.  [12]  Banco Santander new shares after the acquisition were not admitted to the Official List or to trading on the London Stock Exchange during the post period of the acquisition.  [13]   In 2009 Santander 1.1 million new current accounts with our 25 million customers, and reported to deliver more than 30% profit in five successive years after the acquisition. Chart 2: The Overview of UK Competitors. Source: H1 09 Reports Data and BBA Abstract by HSBC Graph 3: Santander UK PLC share price performance. Source: http://www.h-l.co.uk/shares/shares-search-results/s/santander-uk-plc10-38-non-cum-stlg-pre/charts The Santander UK PLC is in the second place after Lloyds Banking Group in the Mortgage market share in UK with relatively reasonable Market share in Retail Banking (Chart: 2). Moreover, The EPS of Banco Santander has been performing quite poorly after 2005, it has declined from 0.337 in 2005 to 0.27 in 2009 (See Appendix, Illustration: 3 ). The share price of Santander UK PLC has been rising from the year 2005 (Graph: 3), partly because the dividend was 15% higher than that paid in the mid of the year 2005. As of in 2006, 25% higher dividend was paid. In 2008, Banco Santander announced its agreement to take over Alliance Leicester PLC (AL). Under the terms of the agreement Banco Santander will offer one Company share for every three AL shares. The European Commission had approved Banco Santander  £1.3 billion takeover of Alliance Leicester Plc. Moreover, in year 2008, Banco Santander had agreed to buy Bradford Bingley PLC retail deposits and branch network. Santander had agreed to pay about  £400 million to acquire 2.7 million Bradford Bingley customer savings accounts containing some  £21 billion of deposits. Therefore, Santander UK PLC is still at its growth stage in the UK Market and it is focusing more on acquiring local financial institutions. Reuters reported in October 2009 that, Banco Santander SA planes to maintain its policy of paying half its net profit in dividends in 2010. Moreover, according to the Yahoo Finance (April, 2010), Banco Santander SA has higher Dividend yield of 6.80 % and global Foreign Money Centre Banks Industry has the rate at 1.96%, which suggest a favourable investment option to the potential shareholders. The Santander Group is working towards the policy of maximizing shareholders profit. Moreover, as reported in Bloomberg, Banco Santander SA is seeking to list its UK business in London Stock Exchange listing from February 2010 in order to raise funds for possible future buy-up opportunities, the listing offering may value at more than  £15 billion. Banco Santander is looking for funds to bid for Royal Bank of Scotland PLC network of 300 branches. On the other hand, Santander UK is willing to sell 25% of its stake in order to be listed in FTSE 100 and also to pay out about  £1 billion a year in dividends to construe an attractive deal to the investors (Source: The Times). Conclusion: Although, there were many speculation against the Abbey acquisition due to its cross-border nature, but all the speculations were proven wrong. Although, this particular acquisition was the most talked about topic in the UK financial market, and many believed the acquisition would not create any value for the Abbey Shareholders. With proper understanding of the local market, Banco Santander had utilized its previous acquisition knowledge when it came to this acquisition. Banco Santander knows what its UK shareholders want and trying to live up that expectation to serve their UK shareholders. Banco Santander is seeking to expand its business in the UK. Although, till date the Abbey bank transformation is still under progress, but Banco Santander had been patient with the UK market because they know- slow and steady wins the race. Bibliography: Huws, U. OKeefe, B. 2008. Managing Change in EU Cross-Border Acquisition, Case example Santander and Abbey: Expansion Enabling access to new markets. EMCC Company Network, 1-4. Mayer-Sommer, A. P. , Sweeney, S. Walker, D.A. 2005. Effect of Bank Acquisition on Shareholder Returns. Bank Accounting and Finance, 1-7, June-July. Lausberg, C. Stahl, T. 2009. Motives and Non-Economic Reasons for Bank Mergers and Acquisitions. The Icfai University Journal of Bank Management, 8(1): 1-25.

Volcanic Activity at Yellowstone :: essays research papers

Yellowstone is a national park covering 3,468 square miles in Wyoming, Idaho, and Montana and it is elevated 8,000 feet from the ground on a plateau. But is there still present volcanic hazard in Yellowstone? The park is covered with over 10,000 geysers, hot springs, mud pots, and travertine terraces, perhaps caused by a ?hot spot? that it overlies. A violent history suggests equally as devastating future volcanic activity, underground forces are causing the landscape to change and geysers to become more active. The real question is, if a super volcanic explosion took place, would human life exist as we know it ever again? The history of volcanic activity at Yellowstone starts with its first eruption at Huckleberry Ridge 2.1 million years ago, the leftovers reached as far as Iowa and central Texas. Then 800,000 years later, another eruption took place in Mesa Falls creating Henry Fork Caldera near Park, Montana. The last eruption took place 630,000 years ago, called the Lava Creek eruption, spewing 240 cubic miles of debris, and spreading as far as Louisiana and California. Hidden underneath the park, powerful volcanic, magnetic, and hydrothermal forces are reforming the land. Several earthquakes, uplifting, and subsidence of the landscape proves that these powers exist. Recent studies have caused scientists to think that Yellowstone could be growing larger as flowing molten rock builds up below the ground. In a period of 10 years, the volcano has risen 5 inches, not a significantly detectable difference, but it may have split the ground in the Norris Geyser Bassin that could reawaken some of the geysers, like the Steamboat. In spite of this newly found information, scientists do not speculate the volcano erupting any time soon, but with time, it will end with a super natural disaster, destroying everything in its path When Yellowstone does erupt, the United states could be covered in 3 feet of ash from the eruption. First, the pyroclastic flow would swallow most of Wyoming, Idaho, and Montana. Then, like Yellowstone eruptions have done before, the world would fall into a freezing, winter lasting around 10 years. Mass famine would take place all around the world as the eruption would have devastated the agriculture, effecting the food.

Jetstar Essay -- essays research papers

Article Title: â€Å"Jetstar to enter Tasman dogfight† Source: The Australian OVERVIEW The article by Creedy looks at the newly announced expansion of Jetstar Airline services from its current domestic Australian flight service to its penetration of the trans-Tasman market. Jetstar’s original purpose was to provide Qantas (Same Ownership) a cost-effective alternative for the provision of domestic flights around Australia while also giving customers a cheaper and somewhat â€Å"no frills† option when flying locally. The article outlines the considerations and specifications that Qantas and thus Jetstar have undertaken in order to accomplish its â€Å"first foray overseas† as part of its â€Å"segmentation strategy†. Jetstar’s expansive venture is then obviously significant and relevant to the study of international business’s (any business transaction which involves a cross-border commercial transaction) and the goals and barriers achieved and endured. WHY THE ARTICLE IS SIGNIFICANT TO IB Subsidies The article suggests that Qantas may draw upon subsidy advantages granted by the Australian government through the all-economy â€Å"Australian Airlines† subsidiary in order to help the expansion of Jetstar on â€Å"low-yielding routes†. The government’s efforts to promote international trade and investment as well as Qantas’s new enterprise agreements with Australian flight attendants will allow Jetstar’s â€Å"Cairns-based subsidiary to use new aircrafts, hire foreign crews and fly further†. This p...

Scarface, Directed by Brian De Palma Essay -- Scarface Al Pacino

Scarface, Directed by Brian De Palma Tony Montana has taken just so much shit his whole life. He’s been oppressed and repressed and mocked and called a spic and turned on by his own country (Cuba) that he’s just not going to take any shit anymore. He’ll shoot someone just for pissing him off, which is almost admirable, or at the very least understandable. I’m not advocating violence; all I’m saying is that we all have our limits and if someone treated me the way Tony Montana had been treated his whole life – if they spit on me, and degraded me, and mocked me and doubted any power I might have, I might want to prove them wrong. Of course, it’s a movie, and we know it well; Scarface with Al Pacino as the Cuban immigrant turned drug lord with his mountains of coke and his beautiful but, basically dead, wife, Elvira, living what he believes is the American dream. Elvira, Tony’s wife, played perfectly by Michelle Pfieffer, is beautiful and so cool she’s ice cold, whose only job is to be an ornament, and who comes from somewhere in Baltimore, we’re told, and whose only goal, it seems, is to just be taken care of by all these rich and violent thugs. She doesn’t seem phased by all the guns and underworld thugs that hang around the house, but then, her nose is so packed full of coke that this is not really a surprise. Most of the time, she’s got this false cocaine-calm aloofness that lends itself to comparisons with a mannequin. Her power and her trump is that ultimately, we get the sense that it’s a role she’s chosen – not one that was ever put upon her. That it’s all within her control. Men like Tony Montana are brought to their knees by her cool beauty and icy aloofness. She’s like coke they can’t buy or trade or snort or get enough of, but surely as powerful . But ultimately, she’s just some middle-class chick form Baltimore who was probably really bored and moved to Miami for some excitement. She’s a bitch. As Tony says to her, â€Å"You got a look like you haven’t been fucked in a year.† And it’s true. Maybe she knows her power is in the withholding, but this can only last for so long; a tease works because ultimately, there has to be something at the end of it. If it’s all attitude and cock tease, after a while, that gets boring and the furthest thing from sexy. Something’s gotta give. Tony Montana wants, as he says, â€Å"what’s coming to me,† which is â€Å"t... ...e power of all this seduction so that at the critical moment we can say â€Å"No†. We choose power over fucking and engaging with another human being, and we do this because of fear. Because in this age of psychotherapy, were everything is a fucking issue (pun intended) as if our boyfriend cheating or leaving us would cause a complete breakdown, as it has and does for so many girls today. Girls today, with few exceptions, don’t get back out there like Carole King or Carly Simon and belt out our anger and pain in some healthy way in a song with scathing lyrics. Instead, young women today run for the shelter of pastel pills and their standby bottles of Xanax and Zoloft and frantic calls to their therapists and lock themselves in their Back Bay apartments with their cats because we’re all so fucking fragile. It’s pathetic. Carole King and Carly Simon and so many others went through the same heartache but they didn’t run away; they belted it out in songs like â€Å"You’re so Vain† or â€Å"Total Eclipse of the Heart† (sang by Bonnie Tyler by written by Meatloaf), and Abba and Fleetwood Mac who made a life-style of heartache and fucking – because that is life. These women seem a lot braver to me.

Million Dollar Baby

The theme of this story is achieving the American Dream of riches and fame, it’s also about the need for love and support. Frankie is a brilliant but unsuccessful boxing trainer who train a lot of excellent boxers but lack of success. Maggie is a natural boxer who tirelessly trains each day in Frankie’s gym even though he has rejected her requests that he trains her. She is at the age of 32 believes she has one last chance to make a life for herself in boxing. They are the loneness people that try to find meaning in their life. Both of them want success! Frankie is estranged from his daughter, who returns his many letters that all are unopened. Beneath his crusty exterior is a man crying for the love and acceptance of his daughter, so he goes to church every single day. There is an aching void in his heart. Maggie is a waitress from a white trash family. Her mother only cares about her welfare. Nobody cares about her in the family. She also lack of family love but she treats her family very well because of her strong will. Maggie dedication and hard work influence Frankie’s mind and he agrees to train her, but only in the basic and then he will turn her over to another trainer. At this point Frankie is still afraid to open himself up to Maggie who follows every word of his advice. As Maggie fights her way up in her boxing, Frankie establishes a parental relationship with Maggie. While Maggie’s mother ridicules her success is the ring, Frankie eventually arranges a million dollar fight for Maggie and they actually success. Also the movie always mentions the guy who is called Danger. He is a innocent and optimistic young boy who always come to Frankie’s gym to practice but is not a nature boxer. Being successful in boxing is also his dream. The remorseless fact blows him into the depth of despair. Although he comes to the gym every day to practice, he can’t even fight back to the black guy. Now he know boxing is not as easy as his imagination. For this reason he disappears some days. But eventually, he comes back with his confidence. This is the irony in this story, even though you work hard, it’s not always a good outcome. He realized that he is not suit in boxing but the worshipful part is he still coming to practice tireless when he is awakened by Mr. Scrap. At least he flights for his dream and doesn't live in a ordinary life like Maggie’s mother. Maggie’s mother doesn’t have a job because she is lazy and she lives on the welfare. She doesn't have a dream and doesn't care about her own daughter. The only thing she concerns is money even though her own daughter is on the verge of death. At the top of the life of Maggie’s boxing, she is being a paralytic by the accident. The pain is intolerable for Maggie, she ask for ending her life. She does the most valuable thing in her life that she is satisfied with the brilliant achievements in the twinkling of an eye. She enjoys the process of boxing that she has never ever been regret of being a boxer. Lying on the bed is against to her believe – never have a original life. People in the world all are never and ever be the same because of difference dreams. They are finding the meaning of their lives. Maggie chooses to end of her life to wind up her finally dream. This story tell us, everyone has a right to pursue the dream. Just go for it, it might be failure but at least we try and our life will be unordinary. If we keep proceeding in the way of our dream, even though we fail we still get more than the other who live in an ordinary life.