Chapter 21 Essays - World History, Turkic Peoples, Ottoman Empire

Chapter 21 Essays - World History, Turkic Peoples, Ottoman Empire Chapter 21 The Muslim Empires I. Introduction A. Muslim world essentially destroyed by those pesky Mongols B. But then...out of nowhere...came the return of the Muslims 1. Ottoman Empire - the biggest 2. Safavid Empire - Afghanistan and Iran 3. Mughal - the northern part of India C. These "gunpowder empires" could be compared with Russia and the West 1. In fact...they probably will be on a test not far, far away a. All militarily important b. Interacted far less with west than Russia c. Maintained control over how much they wanted to deal w/ West II. The Ottomans: From Frontier Warriors to Empire Builders A. Introduction 1. Turkic-speaking peoples a. Some fleeing Mongols, some looking for booty b. Osman leads one of these peoples - the Ottomans 2. Ottomans attack Byzantine Empire a. Finally Mehmed II defeats Constantinople b. Big bad guns too much for big bad walls 3. Extending the Ottoman Empire a. Scary naval power in Mediterranean b. Spread empire down to Egypt and across N. Africa 1. Looks kind of like what the Roman Empire looked like, w/out Europe c. Threatened Vienna, but didn't take d. But...Europe afraid of Ottomans for centuries...always in back of mind 1. Near the hypothalamus area B. A State Geared to Warfare 1. Economy and social class based on warfare a. Warrior class goes to top...surprise...guess who got to make the rules b. Competed for power with religious leaders and administrators 2. Army of Janissaries a. aka "Really Good Christian Slave Soldiers that Fight For Us" 1. Some given by parents, some taken forcibly 2. Schooled and could become bureaucrats 3. Hey...this is another type of coerced labor...interesting b. Became more powerful than cavalry - threatened aristocracy 1. What's scarier...Mr. Ed the Horse or a canon and gun? C. The Sultans and Their Court 1. Sultans control those beneath and economy a. Manipulated factions - aristocracy, religious, administrators b. Commerce given to Christians/Jews - "people of the book" 2. Sultans grow distant from the masses a. This will surprise you, but...sultans got richer b. Spent all their days blowing money on wives, rituals and palaces c. Viziers ended up taking control - think Prime Minister 3. Problems with succession a. Like the rest of the Muslim world (similarity), succession confusing b. When you have a harem, you have many sons 1. You die...they fight each other 2. Losing sons sometimes fled to enemy nations to stage revolt D. Constantinople Restored and the Flowering of Ottoman Culture 1. Changing Constantinople a. After destroyed/sacked - rebuilt b. Hagia Sophia converted from cathedral to mosque c. Aqueducts built, markets reopened, city's walls repaired 2. Future sultans try to improve mosques, infrastructure a. Architecture blends best of Muslim/Byzantine world a. Mansions, rest houses, schools, hospitals, gardens b. Fun and exciting markets c. Coffeehouses became centers of socialization, literary sharing and ingesting of caffeinated beverages 3. Regulation of merchants and artisans a. Government inspectors monitored quality of goods/artisans b. Artisans joined together in guilds - that sounds just like Europe 4. Language shift to Turkish a. Ummm...they shifted language to Turkish - literature and official business E. The Problem of Ottoman Decline 1. Different perspectives of Ottoman Empire a. Some talk about how bad decline was b. Eventually became "sick man" of Europe 2. Long decline means actually quite strong a. How many other empires have are around for 600 years 1. US has been an empire for about 61 years...but we've been declining for 28 months b. By 17th century, they started retreat from Russia, Europe, Arab lands c. Too large to be maintained - gave regional autonomy 3. Breakdown of regional administration a. Officials became corrupt 1. Locals leaders hold back money from incompetent nincompoops 2. Some rebellions at the local level 4. Problems of imperial administration a. Future leaders not groomed, but hidden away for protection 1. Monarchs kept alive, but fairly unprepared/nave b. Leaders no longer fierce military leaders, but pampered c. Power of military started to fade F. Military Reverses and the Ottoman Retreat 1. Ottomans fall further behind Europeans a. Reliance on super huge cannons b. Janissaries don't want military change that threatens their position 1. Sounds a bit like the samurai...oohh...another connection 2. Muslim sea power ends in 16th century a. Battle of Lepanto - Spanish/Venetians wipe them out b. Fleet rebuilt, but damage done 1. Portuguese

The Ancient Chinese Chou Dynasty

The Ancient Chinese Chou Dynasty The Chou or Zhou dynasty ruled China from about 1027 to about 221 B.C. It was the longest dynasty in Chinese history and the time when much of ancient Chinese culture developed. The Chou Dynasty followed the second Chinese dynasty, the Shang. Originally pastoralists, the Chou set up a (proto-)feudal social organization based on families with administrative bureaucracy. They also developed a middle class. Although a decentralized tribal system at the beginning, the Zhou became centralized over time. Iron was introduced and Confucianism developed. Also during this long era, Sun Tzu wrote The Art of War, in about 500 B.C. Chinese Philosophers and Religion During the Warring States period within the Chou dynasty, a class of scholars developed, whose members included the great Chinese philosopher Confucius. The Book of Changes was written during the Chou Dynasty. The philosopher Lao Tse was appointed librarian for the historical records of the Chou kings. This period is sometimes referred to as the One Hundred Schools Period. The Chou banned human sacrifice. They saw their success over the Shang as a mandate from heaven. Ancestor worship developed. The Start of the Chou Dynasty Wuwang (Warrior King) was the son of the leader of the Chou (Zhou), who were located on the western border of the Shangs China in what is now Shaanxi province. Wuwang formed a coalition with the leaders of other states to defeat the last, evil ruler of the Shang. They succeeded and Wuwang became the first king of the Chou dynasty (c.1046 to 43 B.C.). Division of the Chou Dynasty Conventionally, the Chou dynasty is divided into the Western or Royal Chou (c.1027 to 771 B.C.) and the Dong or Eastern Chou (c.770 to 221 B.C.) periods. The Dong Zhou itself is subdivided into the Spring and Autumn (Chunqiu) period (c.770 to 476 B.C.), which was named for a book supposedly by Confucius and when iron weapons and farm implements replaced bronze, and the Warring States (Zhanguo) period (c.475 to 221 B.C.). At the start of the Western Chou, the empire of the Chou extended from Shaanxi to the Shandong peninsula and the Beijing area. The first kings of the Chou dynasty gave land to friends and relatives. Like the two previous dynasties, there was a recognized leader who passed power to his descendants. The vassals walled cities, also passed down patriarchally, developed into kingdoms. By the end of the Western Chou, the central government had lost all but nominal power, such as was required for rituals. During the Warring States period, the aristocratic system of warfare changed: peasants fought; there were new weapons, including crossbows, chariots, and iron armor. Developments During the Chou Dynasty During the Chou dynasty in China, ox-drawn plows, iron and iron casting, horseback riding, coinage, multiplication tables, chopsticks, and the crossbow were introduced. Roads, canals, and major irrigation projects were developed. Legalism Legalism developed during the Warring States period. Legalism is a school of philosophy that provided the philosophical background for the first imperial dynasty, the Qin Dynasty. Legalism accepted that humans are flawed and asserted that political institutions should recognize this. Therefore the state should be authoritarian, demanding strict obedience to the leader, and meting out known rewards and punishments. Resources and Further Reading Paul Halsall on the Chinese DynastiesChinese History Zhou DynastyLegalism. (2009). In Encyclopà ¦dia Britannica. Retrieved March 25, 2009, from Encyclopà ¦dia Britannica Online: search.eb.com/eb/article-9047627

Development of Tourism in Saudi Arabia Essay Example | Topics and Well Written Essays - 11250 words - 1

Development of Tourism in Saudi Arabia - Essay Example The researcher tried not to choose participants who visited Saudi Arabia just once. People who visited the country twice but with short intervals (probably in months) were also not considered to be taken as participants for this paper’s survey, as this could impact the results and this could also prevent in finding out the reality. This is because, to notice the development of any country, months are really not enough. At least one and the half year is ideal to notice some of the changes. Normally, countries strive and work on several projects which take months to be finalized and to be actually executed. Operations do not just start. It takes a lot of time because each project involves a lot of finance and that financial plan or budget needs to be planned, designed, tested, approved and need to pass several stages before being operational. This point is very important. For active developers, one and the half year of a gap is considered as reasonable, while in third world coun tries with lazy executors, identical changes take more than five to seven years. For any country, the growth and the development in the industry of tourism brings a number of positive results. This, not only, includes the foreign investments but a lot more than that in a number of ways. A country receives investments when it is rich in resources. Especially, the oil reserves and the petroleum reserves are normally considered as the blessings and fortune of any country. The foreign investments open doors to the foreign engineers and to the other foreign employees. When the investment projects are a little more than the average number of projects, a country faces a lot of problems in acquiring professional services from the local workforce. Therefore, it opens doors to the foreign professionals to apply and offer their services. However, the local engineers and professionals are given priority over the outsiders in many cases. A company may acquire foreign services for a long-term or for a short-term contract.

The Impact of Information System on Business Process Design Research Paper

The Impact of Information System on Business Process Design - Research Paper Example The use of information systems also enables the company to expand and grow its operations outwards to scales that were almost unimaginable through the analog system of business design and engineering, such as globalization processes through the creation of the subsidiaries by multinational corporations. Furthermore, the organizations also benefit from the large market sphere and control brought about by the introduction of business technology and information systems within the processes of conducting business. As such, the paper considers the best methods undertaken by businesses in expanding and modernizing their operations using and adoption of technology and information systems. In fact, information systems brought about a major revolution in specific organizational sectors such as the executive and management roles, as well as, the manner and style by which people work at their organizations. This is phenomenal through the redesign processes of these business operations, and the benefits achieved through the transformation of these new company practices. A business process is a structural procedure of diverse activities, tasks, or procedures within a business in order to achieve a specific goal, or produce a certain kind of service, product, or brand for meeting a particular demand from a customer, a market, or a business client. A business process incorporates a flowchart kind of operation whereby a sequence of integrated activities operate together through a process matrix based on a varied rules provided by the data in the processes. However, there are varied versions on the definition of business processes and how they affect the operations of a business.

Classical to the Post-Modern Eras Essay Example for Free

Classical to the Post-Modern Eras Essay In this essay, I’m going to trace the development of Classical Music from the late 1750s to the Post-Modern era in the 2000s and provide a brief history of music, and how they link together to form what we have today. There are many preconceptions of what the history of music is. Some people think it is mainly a biography of composer’s lives, but they are wrong. The history of music is primarily the history of musical style. In order to appreciate this, it is essential to become acquainted with the different sounds and to hear them in their contexts. Fashions in history change with the generations, like fashions in musical tastes. Lets first start with the classical music, Classical is an era; it is from about 1730 to just after 1800. A few people who contributed to the music in the Classical era are: Ludwig van Beethoven, Joseph Haydn and Wolfgang Amadeus Mozart. The Classical period focused on the opposite types of sounds- music during that period was orderly, uncluttered, well planned and precise. Music was expected to be technically pleasing and grounded in certain traditions and styles that had been approved by the public, often quite formal. Composers were seen as workers who were hired to write music that would please their employer (Sagebiel). The classical period of music combined harmony, melody, rhythm, and orchestration more effectively than earlier periods of music. The classical period is best known for the symphony, a form of a large orchestral ensemble. The symphonic pieces generally had three movements, the sonata, the minuet and the finale. Building of the achievements of earlier composers, Haydn, and Mozart brought the symphony to its peak in the last twenty years of the 18th century. Haydn excelled in rhythmic drive and development of theme-based music (Bishop 325). Mozart also added to the symphony by contrasting memorable lyric themes in full sounding orchestral settings. There are many styles of music within classical music, including symphony, opera, choral works, chamber music, Gregorian chant, the madrigal, and the Mass. A Classical composition will fluctuate in mood. Not only there are contrasting themes within a movement, but there also may be striking contrasts even within (Vardy). In Classical music, there is a flexibility of rhythm. A classical composition has a wealth of rhythmic patterns. Classical music is basically homophonic. However, texture is treated as flexibly as rhythm. Classical melodies are among the most tuneful and easy to remember. The Classical composers interest in expressing shades of emotion led to the widespread use of gradual dynamic change crescendo (gradually getting louder) and diminuendo ( gradually getting softer). By varying the finger pressure on the keys, a pianist can play more loudly or softly. Classical works show a great deal of musical sophistication and use development, key changes, variation, musical phrases of varying lengths, counterpoint, polyphony and advanced harmony development. It uses very specific instruments, most markedly those invented before mid-10th century and adopted in the 18th and 19th centuries, such as instruments like violin, cello, viola, woodwind instruments, brass instruments and other instruments in the orchestra and solo instruments such as piano, harpsichord, organ and guitar. The classical period had a musical style that was consistent, which means that if you were a composer in this time period; you knew what was expected of you. Haydn had a huge influence on the development if Classical music and so did Beethoven but he chose to focus on a more romantic style which had a simple chord structure. This brings us to the Romantic era; The Romantic music period began in 1825 and ran until 1900. Several historical themes were at work during this period, including the increasing role of science as a worldview, the rise of nationalism in Europe, and a growing appreciation for the arts. The style of the Romantic music period is generally characterized by a wider range of dynamics, a greater variety of instruments, more dramatic melodies, more extreme tempos, fuller harmonies, and expanded formal structures within the compositions. Some of the most famous composers of all time lived and worked during the Romantic music era. Schubert, Chopin, Wagner, Brahms, and Mahler are among the most recognizable names. The transition from nineteenth-century Romanticism to twentieth-century Modernism is perhaps one of the big points in music history. Because the speed of twentieth-century innovation in all areas has been so accelerated, music has also moved from one new idea to another with such speed that no previous era can be compared to. Technology and scientific discovery are probably the basic influences on musical creativity and production. Dissonance became very important and in fact most of the pieces are made up of dissonant chords (Palisca). During the Modern era, many new musical techniques emerged. They were seen in melody , harmony , rhythm, meter, texture, tonality, and sonority . It is important to note that during the twentieth century not all changes in music were a revolution or a return to old ideals. Contrapuntal textures in music dominate the Modern era. While, homophonic textures are present, it is to a lesser degree and with less importance. During the 20th century, tone color has become a more important element of music then it was ever before. It has a major role which is creating variety, continuity and mood. Consonance is no longer in use in the 20th century. 20th century music sound fantasy like, distant and mystifying. Chords are never as fundamental as it is in previous centuries. Poly chords are created by placing one traditional chord over another. The rhythmic vocabulary of the 20th century was expanded with increased emphasis on irregularity and unpredictability. The Melody was very elusive.

Cellular Reproduction Essay -- Biology

Cellular Reproduction Cellular Reproduction is the process by which all living things produce new organisms similar or identical to themselves. This is essential in that if a species were not able to reproduce, that species would quickly become extinct. Always, reproduction consists of a basic pattern: the conversion by a parent organism of raw materials into offspring or cells that will later develop into offspring. (Encarta, 2) In almost all animal organisms, reproduction occurs during or after the period of maximum growth. (Fichter, 16). But in Plants, which continue to grow through out their lifetime, therefore making the process more complex. Plants' reproduction is usually caused by a stimulant, mostly environmental or growth factors. The reproductive process, whether asexual or sexual always involves an exchange in hereditary material from the parent(s) so that the new organism may also be able to reproduce. Reproductive processes can be categorized in many diffrent ways although the most common is to put them into either asexual reproduction or sexual reproduction. Asexual reproduction is the process by which a single organism gives rise to two or more daughter cells. Most single celled organisms reproduce by the asexual process known as fission, which is commonly called mitosis. Fission (or Mitosis) is the division of one cell into two identical daughter cells. Interphase, the first phase of the cell cycle and also the phase before mitosis, starts as soon as the cell is born. Interphase is broken up into three phases, G1, S, and G2. During the G1 phase, the cell increases in mass except for the chromosomes, which stay the same, uncoiled. Protein synthesis is also occurring rapidly in this phase. If a cell doesn't divide further, it remains permanently in the G1 phase. Next is the S phase, in which the mass of the cell continues to increase, and DNA is duplicated, and then the chromosomes divide to form identical sister chromatids attached by a centromere. (Harold, 45). During the G2 phase of Interphase, the cell becomes double its mass at birth, the chromosomes begin to shorten and coil, and the centrioles appear, the cell is now ready to enter into mitosis. In the first and longest phase of mitosis, prophase, the chromosomes become visible and the centrioles split in half and then move to opposite sides of th... ...on’t seperate correctly. This is called nondisjunction. There are three types of nondisjunction, Trisomy- when a gamete with an extra chromosome is fertiized with a normal gamete. Monosomy- when a gamete with one chromosome is missing and is then fertilized by normal gamete. And Trioloidy- where both zygotes have an extra chromosome. Reproduction is as essential to a species as food, water, or shelter. If a species cannot reproduce anymore, that species will eventually become extinct. There are many means of reproduction but primarily only two: asexual and sexual. In asexual reproduction, One organism gives a part or its whole self, in order to give rise to two or more new organisms. During sexual reproduction, two parents each form sex cells, which unite, and eventually form a new individual. Works cited Biggs, Alton & others. Biology: The Dynamics of Life. Glencoe McGraw-Hill.: New York, NY, 2000 Encarta Encyclopedia. CD-ROM. 1998 Fichter, Sheila. Reproduction. Universal Press: Columbus, OH, 1994 Harold, Christopher. Cells: A Guided Tour. Simon and Schuster: New York, NY, 1987 O’Neil, Franklin. Cells. McMeel Publishing, Inc.: Atlanta, GA, 1990

Pifzer Inc.’s Cost of Capital and Capital Structure

Pfizer Inc. ’S Cost of Capital and Capital structure – Xiaoyue Shi The costs of capital and capital structures for Pfizer Inc. and its two competitors Merck & Co. Inc. and Johnson & Johnson in the pharmaceutical industry are analyzed in this memo. When calculating the cost of common stock for the three companies, three different approaches including Capital Asset Pricing Model (CAPM), Discounted Cash Flow (DCF) and the bond yield plus risk premium are applied (Appendix A). For CAPM approach (Figure 1 & 3), the risk-free rate (rRF) used is the rate on the U. S. 10-year Treasury bonds, which is 1. 66.The market risk premium (RPM) is the required return on the stock market minus rRF. The required market return used here is the average 20 years rates of return on S&P 500. With highest beta (0. 71), Merck has the higher estimated cost of equity (6. 167). Pfizer has lower estimated cost of equity (5. 910) with lower beta (0. 67). Because of the lowest beta (0. 48), Johnson & Johnson has the lowest estimated cost of equity (4. 697). For DCF approach (Figure 2 & 4), the stock price used is the current stock price. The expected growth rate (g) is the annualized growth rate based on the dividend growth over the past 10 years.Among the three companies, Johnson & Johnson has the highest estimated cost of equity due to its highest expected growth rate in dividends. Pfizer’s estimated cost of equity is much lower than Johnson & Johnson. Having the lowest expected growth rate in dividends, Merck has the lowest cost of equity. For bond yield plus risk premium approach (Figure 5), the bond yield (Figure 7) for Pfizer, Merck and Johnson & Johnson are 2. 0724, 2. 5553, and 1. 9629 respectively. Since their betas are Pfizer 0. 67, Merck 0. 71 and Johnson & Johnson 0. 48, and all below 1, the three companies’ judgmental risk premium estimated as 3. , 3. 4, and 3, respectively. According to the bond yield plus risk premium method, the estimated costs of e quity are Pfizer 5. 3724, Merck 5. 9553, Johnson & Johnson 4. 9629. The final estimated costs of equity for the three companies in this memo are the averages of the three approaches (Figure 6), and they are Pfizer 5. 83, Merck 4. 44, Johnson & Johnson 7. 36. The three companies do not offer preferred stocks in public (Appendix B). Their costs of preferred stock would be zero. Although Pfizer offer Preferred stock for their employees, its costs of preferred stock still estimated as zero.According to the debt-rating organizations such as Moody’s, S&P, the three companies’ bond ratings are very high (Figure 7). The tax rates used for calculating the costs of debt are the average tax rates for the last four years (Appendix C, Figure 10). And their after-tax cost of debts are similarly low, for example, Pfizer 1. 657, Merck 1. 991, Johnson & Johnson 1. 528 (Figure 9). When calculating the percentage of debt and common equity (Appendix D, Figure 12), the common equity used i s the market value of equity, and the book value of company’s debt is used as a proxy of the market value of debt.According to the formula in Appendix D, the weighted average costs of capital (WACC) for the three companies are Pfizer 1. 86, Merck 2. 17, Johnson & Johnson 2. 15. The WACCs are quit low for the three companies as pharmaceutical giants. The debt ratios for last four years for the three companies were all around 50% (Appendix E, Figure 13). For example, in 2008, Pfizer’s debt ratio was 48. 1%, Merck was 55. 2%, Johnson & Johnson was 49. 9%; in 2009, Pfizer was 57. 5%, Merck was 45. 5%, Johnson & Johnson was 46. 6%; in 2010, Pfizer was 54. 7%, Merck was 46. 3%, Johnson & Johnson was 45%; in 2011, Pfizer was 56. %, Merck was 45. 8%, Johnson & Johnson was 49. 8%. Pfizer’s debt ratios were a little higher than its two competitors. But they all have quite similar capital structures with similar borrowing capacities. The three companies’ assets are financed with around 50% equity, and their risks of bankruptcy are low. Because involved in the pharmaceutical industry, the three companies are focusing on R&D, innovation and raise productivity, which are very costly for them. The three companies all have a lot borrowings. Drug development needs a lot of resources and quite inefficient.High failure rates cause a lot pharmaceutical companies unable to make profit and went bankruptcy. Based on the circumstances, the three companies all have very good capital structures in the pharmaceutical industry. They may have to figure out a way to cut their costs, and have even better capital structures. Pfizer used accelerated depreciation methods for tax purpose. Its depreciation & amortization increased a lot since 2009 (Appendix F, Figure 14). For example, it was $5,090 million in 2008, and $4,757 million in 2009, but it was $8487 million in 2010, and $9026 million in 2011.The huge increase in depreciation was mainly because of the merger with Wyeth in 2009. Merck mainly used accelerated depreciation methods for tax purpose except that its depreciation on intangibles was applied with primarily straight-line methods. Its depreciation & amortization also increased since 2009. For instance, it was $1,631. 2 million in 2008, and $2,576 million in 2009, but it was $7,381 million in 2010, and $7,427 million in 2011. The increase in depreciation was also because of the merger. Merck was also involved in a merger with another pharmaceutical company Schering-Plough in 2009.Johnson & Johnson had quite stable depreciations. And the straight-line methods were applied in this company. The three companies all paid stable dividends in last four years (Appendix G). Pfizer paid lowest dividends among them. Johnson & Johnson paid highest dividends. Only Johnson & Johnson performed stock repurchases (Figure 15 & 16). They (in shares) were 100,970 thousands in 2008, 37,114 thousands in 2009, 45,090 thousands in 2010, 39,741 thousands in 2011. And the money (in millions) used for stock repurchases was $6,651 in 2008, $2,130 in 2009, $2,797 in 2010, $2,525 in 2011.In my point of view, Pfizer and its two competitors – Merck and Johnson & Johnson all have low cost of capital. Although they all involved in a lot borrowings , they all have very good capital structures as pharmaceutical companies. The reason is that the costs in R&D and innovation are extremely high in the pharmaceutical industry. Reference: 1. Brigham, Eugene F. and Michael C. Ehrhardt. Financial Management Theory and Practice, 13th Edition, Thompson South-Western, ISBN-13# 978-14390-7809-9, ISBN-10#1-4390-7809-2 2. http://www. mergentonline. com/login. php 3. http://www. how. com/how_5833592_determine-target-debt-equity. html 4. http://cxa. gtm. idmanagedsolutions. com/finra/BondCenter/Watchlist. aspx 5. ww. finra. org 6. http://www3. valueline. com/vlquotes/quote. aspx Appendices: Appendix A: Cost of common stock Appendix B: Cost of preferred s tock Appendix C: Cost of debt Appendix D: Weighted Average Cost of Capital (WACC) Appendix E: Capital Structure Appendix F: Depreciation Appendix G: Yearly dividend and share repurchase Appendix H: Value Line reports Appendix A: Cost of common stock Equations used for calculating cost of common stock:CAPM approach: rS=rRF+(RPM)bi DCF approach: The bond yield plus risk premium approach: rS=Company’s own bond yield + Judgmental risk premium Figure 1 CAPM Equation Variables| Â  | Â  | Â  | | Pfizer| Merck| J&J| Risk Free Rate| 1. 66| 1. 66| 1. 66| Required Rate of Return| 8. 00| 8. 00| 8. 00| Beta| 0. 67| 0. 71| 0. 48| Required Return on Stock| 5. 91| 6. 17| 4. 70| | | | | | | | | | Required Return on Stock| Â  | | Pfizer| Merck| J&J| | 5. 91| 6. 17| 4. 70| Figure 2 Annualized dividend growth rate (g) | Pfizer|Year| Sum dividend| Total growth over 10 years| Annualized growth rate (g)| Next expected dividend| 2011| 0. 8| | | Â  | 2010| 0. 72| | | Â  | 2009| 0. 8| | | Â  | 2008| 1. 28| | | Â  | 2007| 1. 16| | | Â  | 2006| 0. 96| | | Â  | 2005| 0. 76| | | Â  | 2004| 0. 68| | | Â  | 2003| 0. 6| | | Â  | 2002| 0. 52| | | Â  | 2001| 0. 44| 0. 818181818| 6. 16%| $0. 85 | | Merck| Year| Sum dividend| Total growth over 10 years| Annualized growth rate (g)| Next expected dividend| 2011| 1. 56| | | Â  | 2010| 1. 52| | | Â  | 2009| 1. 52| | | Â  | 2008| 1. 52| | | Â  | 2007| 1. 52| | | Â  | 2006| 1. 52| | | Â  | 2005| 1. 52| | | Â  | 2004| 1. 5| | | Â  | 2003| 3. 976| | | Â  | 2002| 1. 3| | | Â  | 2001| 1. 39| 0. 122302158| 1. 16%| $1. 58 | | J&J| Year| Sum dividend| Total growth over 10 years| Annualized growth rate (g)| Next expected dividend| 2011| 2. 25| | | Â  | 2010| 2. 11| | | Â  | 2009| 1. 93| | | Â  | 2008| 1. 795| | | Â  | 2007| 1. 62| | | Â  | 2006| 1. 455| | | Â  | 2005| 1. 275| | | Â  | 2004| 1. 095| | | Â  | 2003| 0. 925| | | Â  | 2002| 0. 795| | | Â  | 2001| 0. 7| 2. 214285714| 12. 39%| $2. 53 | Figure 3 CAPM | CAPM| Â  | Â  | Â  | Â  | Â  | | Risk Free Rate (1)| Required Market Return (2)| Market Risk Premium (3)=(2)-(1)| Beta (4)| Estimated cost of Equity (1)+(3)? (4)| Pfizer| 1. 66| 8. 00| 6. 34| 0. 67| 5. 10| Merck| 1. 66| 8. 00| 6. 34| 0. 71| 6. 167| J&J| 1. 66| 8. 00| 6. 34| 0. 48| 4. 697| | | | | | | Figure 4 DCF | DCF| Â  | Â  | Â  | Â  | | | Stock Price (1)| Next Expected Dividend (2)| Expected Growth Rate (3)| Estimated cost of Equity (2)/(1)+(3)| | Pfizer| 25. 12| $0. 85 | 6. 16| 6. 194| | Merck| 45. 62| $1. 58 | 1. 16| 1. 195| | J&J| 67. 97| $2. 53 | 12. 39| 12. 427| | | | | | | | Figure 5| | | | | | Bond Yield plus Risk Premium| Â  | Â  | | | | Company’s Bond Yield (1)| Judgmental Risk Premium (2)| Estimated cost of Equity (1)+(2)| | | Pfizer| 2. 0724| 3. 3| 5. 3724| | | Merck| 2. 5553| 3. 4| 5. 9553| | | J&J| 1. 629| 3| 4. 9629| | | | | | | | | | | | | | | Figure 6 Estimated Cost of Equity| Estimated Cost of Equity| | | | | Pfizer| 5. 83| | | | | Merck| 4. 44| | | | | J&J| 7. 36| | | | | Figure 7 Bond Data| Bond Data| Â  | Â  | Â  | Â  | Â  | Â  | Â  | Â  | Â  | Bond Symbol| Issuer Name| Coupon| Maturity| Callable| Moody's| S;P| Fitch| Price| Yield| PFE. GF| PFIZER INC| 4. 65| 3/1/18| No| A1| AA| A+| 116. 189| 1. 501| PFE. GI| PFIZER INC| 4. 5| 2/15/14| No| A1| AA| A+| 105. 468| 0. 367| PFE. GM| PFIZER INC| 7. 2| 3/15/39| Yes| A1| AA| A+| 159. 019| 3. 685| PFE. GO| PFIZER INC| 6. 2| 3/15/19| Yes| A1| AA| A+| 127. 5| 1. 66| PFE. GQ| PFIZER INC| 5. 5| 3/15/15| Yes| A1| AA| A+| 111. 554| 0. 521| PFE3666215| AMERICAN HOME PRODS CORP| 7. 25| 3/1/23| No| A1| AA| A+| 139. 65| 2. 819| PFE3667744| WYETH| 5. 5| 2/15/16| Yes| A1| AA| A+| 115. 705| 0. 715| PFE3667745| WYETH| 6| 2/15/36| Yes| A1| AA| A+| 134| 3. 791| PFE3667909| PHARMACIA CORP| 6. 5| 12/1/18| Yes| A1| AA| A+| 128. 14| 1. 677| PFE3667915| PHARMACIA CORP| 6. 75| 12/15/27| No| A1| AA| A+| 137. 221| 3. 552| PFE3667927| PHARMACIA CORP| 6. 6| 12/1/28| Yes| A1| AA| A+| 138. 179| 3. 484| PFE3670301| WYETH| 5. 45| 4/1/17| Yes| A1| AA| A+| 119. 153| 1. 044| PFE3670315| WYETH| 5. 95| 4/1/37| Yes| A1| AA| A+| 135| 3. 5| PFE3702946| WYETH| 5. 5| 3/15/13| Yes| A1| AA| A+| 101. 977| 0. 706| PFE3703979| PHARMACIA CORP| 8. 7| 10/15/21| No| A1| AA| A+| 142. 03| -| PFE3704635| WYETH| 5. 5| 2/1/14| Yes| A1| AA| A+| 106. 52| 0. 421| PFE3704636| WYETH| 6. 45| 2/1/24| Yes| A1| AA| A+| 138. 004| 2. 553| PFE3704637| WYETH| 6. 5| 2/1/34| Yes| A1| AA| A+| 139. 025| 3. 807| PFE3706578| PHARMACIA CORP| 8. 2| 4/15/25| Yes| A1| AA| A+| 101. 5| -| PFE3739069| KING PHARMACEUTICALS INC| 1. 25| 4/1/26| Yes| NR| NR| NR| 99. 99| 1. 25| | | | | | | | | Average| 2. 072388889| MRK. GA| MERCK ; CO INC| 6. 3| 1/1/26| No| Aa3| AA| A+| 138. 945| 2. 76| MRK.GB| MERCK ; CO INC| 6. 4| 3/1/28| Yes| Aa3| AA| A+| 137. 464| 3. 278| MRK. GC| MERCK ; CO INC| 5. 95| 12/1/28| Yes| Aa3| AA| A+| 133. 211| 3. 28| MRK. GF| MERCK ; CO INC MTN BE| 5. 76| 5/3/37| No| Aa3| AA| A+| 131| 3. 808| MRK. GG| MERCK ; CO INC MT N BE| -| 11/27/40| No| Aa3| AA| A+| 98. 25| -| MRK. GH| MERCK ; CO INC MTN BE| -| 12/21/40| Yes| Aa3| AA| A+| 98| -| MRK. GI| MERCK ; CO INC MTN BE| -| 12/27/40| No| Aa3| AA| A+| 98. 5| -| MRK. GJ| MERCK ; CO INC MTN BE| -| 2/6/41| No| Aa3| AA| A+| 98| -| MRK. GK| MERCK ; CO INC MTN BE| -| 6/21/41| Yes| Aa3| AA| A+| 100| -| MRK. GL| MERCK amp; CO INC MTN BE| -| 7/18/41| No| Aa3| AA| A+| 97. 75| -| MRK. GM| MERCK ; CO INC MTN BE| -| 12/21/41| Yes| Aa3| AA| A+| 100| -| MRK. GN| MERCK ; CO INC MTN BE| -| 11/28/41| No| Aa3| AA| A+| 98. 25| -| MRK. GQ| MERCK ; CO INC MTN BE| -| 8/22/42| Yes| Aa3| AA| A+| 98. 275| -| MRK. GR| MERCK ; CO INC MTN BE| -| 2/18/43| Yes| Aa3| AA| A+| 99. 875| -| MRK. GT| MERCK ; CO INC MTN BE| -| 2/12/44| Yes| Aa3| AA| A+| 100| -| MRK. GU| MERCK ; CO INC| 4. 75| 3/1/15| Yes| Aa3| AA| A+| 109. 512| 0. 699| MRK. GV| MERCK ; CO INC| 5. 75| 11/15/36| Yes| Aa3| AA| A+| 135. 683| 3. 536| MRK. GW| MERCK ; CO INC| 4. 8| 2/15/13| No| Aa3| AA| A+| 101. 369| 0. 194| MRK. GX| MERCK ; CO INC NEW| 3. 88| 1/15/21| Yes| A1| AA| A+| 114. 717| 1. 883| MRK3671638| SCHERING PLOUGH CORP| 6. 55| 9/15/37| Yes| Aa3| AA| A+| 149. 11| 3. 56| | | | | | | | | Average| 2. 555333333| JNJ. GA| ALZA CORP DEL| -| 7/14/14| Yes| Aa1| AAA| AAA| 152. 8| -| JNJ. GC| ALZA CORP| -| 7/28/20| Yes| Aa1| AAA| AAA| 98. 75| -| JNJ. GH| JOHNSON ; JOHNSON| 6. 73| 11/15/23| No| Aaa| AAA| AAA| 145. 758| 2. 083| JNJ. GI| -| | 11/1/24| No| NR| NR| NR| 104. 36| -| JNJ. GJ| JOHNSON ; JOHNSON| 6. 95| 9/1/29| No| Aaa| AAA| AAA| 144. 925| 3. 422| JNJ. GL| JOHNSON ; JOHNSON| 3. | 5/15/13| No| Aaa| AAA| AAA| 102. 04| 0. 263| JNJ. GM| JOHNSON ; JOHNSON| 4. 95| 5/15/33| No| Aaa| AAA| AAA| 121. 154| 3. 499| JNJ. GO| JOHNSON ; JOHNSON| 5. 55| 8/15/17| Yes| Aaa| AAA| AAA| 121. 81| 0. 932| JNJ. GP| JOHNSON ; JOHNSON| 5. 95| 8/15/37| Yes| Aaa| AAA| AAA| 143. 163| 3. 369| JNJ. GQ| JOHNSON ; JOHNSON| 5. 15| 7/15/18| Yes| Aaa| AAA| AAA| 123. 223| 0. 982| JNJ. GR| JOHNSON ; JOHNSON| 5. 85| 7/15/38| Yes| Aaa | AAA| AAA| 143. 093| 3. 341| JNJ. GS| JOHNSON ; JOHNSON| 2. 95| 9/1/20| Yes| Aaa| AAA| AAA| 107. 12| 1. 969| JNJ. GT| JOHNSON ; JOHNSON| 4. 5| 9/1/40| Yes| Aaa| AAA| AAA| 123. 32| 3. 229| JNJ. GU| JOHNSON ; JOHNSON| -| 5/15/13| No| Aaa| AAA| AAA| 100. 154| -| JNJ. GV| JOHNSON ; JOHNSON| -| 5/15/14| No| Aaa| AAA| AAA| 100. 322| -| JNJ. GW| JOHNSON ; JOHNSON| 2. 15| 5/15/16| Yes| Aaa| AAA| AAA| 105. 523| 0. 588| JNJ. GX| JOHNSON ; JOHNSON| 4. 85| 5/15/41| Yes| Aaa| AAA| AAA| 125. 764| 3. 428| JNJ. GY| JOHNSON ; JOHNSON| 1. 2| 5/15/14| Yes| Aaa| AAA| AAA| 101. 399| 0. 311| JNJ. GZ| JOHNSON ; JOHNSON| 3. 55| 5/15/21| Yes| Aaa| AAA| AAA| 113. 786| 1. 807| JNJ. HA| JOHNSON ; JOHNSON| 0. 7| 5/15/13| No| Aaa| AAA| AAA| 100. 278| 0. 22| | | | | | | | | Average| 1. 62866667| Appendix B: Cost of preferred stock Figure 8 Cost of Preferred Stock| Cost of Preferred Stock| Â  | Â  | Â  | | Preferred Dividend (1)| Preferred Stock Price (2)| Floatation Cost (3)| Component cost of Preferred Stock (1)/[(2)*(1-(3))]| Pfizer| N/A| N/A| N/A| #VALUE! | Merk| N/A| N/A| N/A| #VALUE! | J;J| N/A| N/A| N/A| #VALUE! | Appendix C: Cost of debt After-tax cost of debt=rd(1-T) Figure 9 After-tax cost of debt| After Tax Component Cost of Debt| Â  | | Interest Rate| Tax Rate| Cost of Debt| Pfizer| 2. 072388889| 0. 2003| 1. 657289394| Merck| 2. 555333333| 0. 221| 1. 990604667| J;J| 1. 962866667| 0. 2218| 1. 2750284| Figure 10 Marginal tax rate Company| Pfizer| Merck| J;J| Year| 2011| 2010| 2009| 2008| 2011| 2010| 2009| 2008| 2011| 2010| 2009| 2008| Income before tax| 12,764| 9,282| 10,674| 9,694| 7,334| 1,653| 15,290| 9,931| 12,361| 16,947| 15,755| 16,929| Provision for tax| 4,023| 1,071| 2,145| 1,645| 942| 671| 2,268| 1,999| 2,689| 3,613| 3,489| 3,980| Tax rate| 0. 3152| 0. 1154| 0. 2010| 0. 1697| 0. 1284| 0. 4059| 0. 1483| 0. 2013| 0. 2175| 0. 2132| 0. 2215| 0. 2351| Average tax rate| 0. 2003| 0. 2210| 0. 2218| Appendix D: Weighted Average Cost of Capital (WACC) Figure 11 WACC| | | | | | | | WACC| Â  | Â  | Â  | Â  | Â  | Â  | Â  | % of Debt| Cost of Debt| % of Preferred Stock| Cost of Preferred Stock| % of Common Equity| Cost of Common Equity| WACC| Pfizer| 95. 15%| 1. 66 | – | – | 4. 85%| 5. 83 | 1. 86 | Merck| 92. 50%| 1. 99 | – | – | 7. 50%| 4. 44 | 2. 17 | J;J| 89. 26%| 1. 53 | – | – | 10. 74%| 7. 36 | 2. 15 | % of Debt, and % of Common Equity are the target proportions. Figure 12 Calculating the percentage of debt and common equity | | | | Pfizer| Merck| J;J| Shares outstanding (million)| 7,470| 3,050| 2,750| Market value per share | | 26. 03| 47. 96| 72. 52| Market value of equity ($ million), E| 194,444. | 146,278. 0 | 199,430. 0 | | | | | | | Book value of equity per share| 10. 64| 18. 16| 20. 95| Total book value of equity| | 79,480. 8 | 55,388. 0 | 57,612. 5 | Debt/Equity ratio| | 48. 26| 32. 91| 29. 07| Book value of debt| | 3,835,743. 41 | 1,822,819. 08 | 1,674,795. 38 | Cash on hand| | 24,340| 17,450| 16, 920| Net debt ($ million), D| | 3,811,403| 1,805,369| 1,657,875| | | | | | | Percentage of debt, D/(E+D)| | 95. 15%| 92. 50%| 89. 26%| Percentage of equity, E/(E+D)| 4. 85%| 7. 50%| 10. 74%| Appendix E: Capital Structure Figure 13 Capital Structure| | | | | Capital Structure| Â  | Â  | Â  | Â  | | Pfizer| 2011| 2010| 2009| 2008| Long Term Debt*| 34,931,000. 00 | 38,410,000| 43,193,000| 7,963,000| Common Stock*| 445,000| 444,000| 443,000| 443,000| Retained Earnings*| 46,210,000| 42,716,000| 40,426,000| 49,142,000| Redeemable Preferred Stock*| 45,000| 52,000| 61,000| 73,000| Total| 81,631,000. 00 | 81,622,000. 00 | 84,123,000. 00 | 57,621,000. 00 | | | | | | % of Debt| 42. 79%| 47. 06%| 51. 35%| 13. 82%| % of Preferred Stock| 0. 06%| 0. 06%| 0. 07%| 0. 13%| % of Common Equity| 57. 15%| 52. 88%| 48. 58%| 86. 05%| Total %| 100. 00%| 100. 00%| 100. 00%| 100. 00%| | | | | | Average/Target % of Debt| | 38. 75%| 95. 15%| |Average/Target % of Preferred Stock| | 0. 08%| 0. 00%| | Average/ Target % of Common Equity| | 61. 17%| 4. 85%| | | | | | | Total Debt*| 105,381,000| 106,749,000| 122,503,000| 53,408,000| Total Assets*| 188,002,000| 195,014,000| 212,949,000| 111,148,000| Total Debt/Total Assets| 56. 1%| 54. 7%| 57. 5%| 48. 1%| | | | | | | | | | | | Merck| | 2011| 2010| 2009| 2008| Long Term Debt*| 15,525,000| 15,482,000| 16,074,900| 3,943,300| Common Stock*| 1,788,000| 1,788,000| 1,781,300| 29,800| Retained Earnings*| 38,990,000| 37,536,000| 41,404,900| 43,698,800| Redeemable Preferred Stock*| – | – | – | – | Total| 56,303,000. 0 | 54,806,000. 00 | 59,261,100. 00 | 47,671,900. 00 | | | | | | % of Debt| 27. 57%| 28. 25%| 27. 13%| 8. 27%| % of Preferred Stock| 0. 00%| 0. 00%| 0. 00%| 0. 00%| % of Common Equity| 72. 43%| 71. 75%| 72. 87%| 91. 73%| Total %| 100. 00%| 100. 00%| 100. 00%| 100. 00%| | | | | | Average/Target % of Debt| | 22. 81%| 92. 50%| | Average/Target % of Preferred Stock| | 0. 00%| 0%| | Average/Target % of Common Equity| | 77. 19%| 7. 50%| | | | | | | Total Debt*| 48,185,000| 48,976,000| 50,597,100| 26,028,600| Total Assets*| 105,128,000| 105,781,000| 112,089,700| 47,195,700| Total Debt/Total Assets| 45. %| 46. 3%| 45. 1%| 55. 2%| | | | | | | | | | | | J;J| | 2011| 2010| 2009| 2008| Long Term Debt*| 12,969,000| 9,156,000| 8,223,000| 8,120,000| Common Stock*| 3,120,000| 3,120,000| 3,120,000| 3,120,000| Retained Earnings*| 81,251,000| 77,773,000| 70,306,000| 63,379,000| Redeemable Preferred Stock*| – | – | – | – | Total| 97,340,000. 00 | 90,049,000. 00 | 81,649,000. 00 | 74,619,000. 00 | | | | | | % of Debt| 13. 32%| 10. 17%| 10. 07%| 10. 88%| % of Preferred Stock| 0. 00%| 0. 00%| 0. 00%| 0. 00%| % of Common Equity| 86. 68%| 89. 83%| 89. 93%| 89. 12%| Total %| 100. 00%| 100. 0%| 100. 00%| 100. 00%| | | | | | Average/Target % of Debt| | 11. 11%| 89. 26%| | Average/Target % of Preferred Stock| | 0. 00%| 0%| | Average/Target % of Common Equity| | 88. 89%| 10. 74%| | | | | | | Total Debt*| 56,564,000| 46,329,000| 44,094,000| 42,401,000| Total Assets*| 113,644,000| 102,908,000| 94,682,000| 84,912,000| Total Debt/Total Assets| 49. 8%| 45. 0%| 46. 6%| 49. 9%| * $ in thousands Appendix F: Depreciation Figure 14 Depreciation | | | | | | Depreciation| Â  | Â  | Â  | Â  | Â  | | USEFUL LIVES| Pfizer| | (YEARS)| Â  | | | 2011| 2010| 2009| 2008| Type| | Accelerated depreciation methods|Classes of Assets and Depreciation Ranges | | | | | | Land | – | | | | | Buildings| 33 1/3-50| | | | | Machinery and equipment| 8-20| | | | | Furniture, fixtures and other| 3-12 1/2| | | | | Construction in progress| – | | | | | | | | | | | Depreciation ; Amortization**| | 9,026 | 8,487 | 4,757 | 5,090 | | | | | | | | | Merck| | USEFUL LIVES| Â  | | (YEARS)| 2011| 2010| 2009| 2008| Type| | Accelerated depreciation methods| Classes of Assets and Depreciation Ranges | | | | | | Buildings| 10-50| | | | | Machinery ; Equipment| 3-15| | | | | Capitalized software| 3- 5| | | | | Construction in progress| – | | | | |Products and product rights, trade names and patents| 3-40| Primarily straight- line methods| | | | | | | Depreciation ; Amortization**| | 7,427| 7,381| 2,576| 1,631. 2| | | | | | | | | | | | | | | J;J| | USEFUL LIVES| Â  | | (YEARS)| 2011| 2010| 2009| 2008| Type| | Straight- line methods| Classes of Assets and Depreciation Ranges | | | | | | Building and building equipment| 20–40| | | | | Land and leasehold improvements| 10–20| | | | | Machinery and equipment| 2–13| | | | | Capitalized software| 3-8| | | | | | | | | | | Depreciation ; Amortization**| | 3,158| 2,939| 2,774| 2,832| | | | | | | | | | | | ** $ in millions| | | | | | Appendix G: Yearly dividend and share repurchase Figure 15 Stock repurchase (in shares) and dividends| Stock Repurchaces and Dividends| Â  | Â  | Â  | | Pfizer| | 2011| 2010| 2009| 2008| Stock Repurchaces*| N/A | N/A | N/A | N/A | Dividends ($)| 0. 8| 0. 72| 0. 8| 1. 28| | | | | | | Merck| | 2011| 2010| 2009| 2008| Stock Repurchaces*| N/A | N/A | N/A | N/A | Dividends ($)| 1. 56| 1. 52| 1. 52| 1. 52| | | | | | | J;J| | 2011| 2010| 2009| 2008| Stock Repurchaces*| 39,741 | 45,090 | 37,114 | 100,970| Dividends ($)| 2. 25| 2. 11| 1. 93| 1. 795| | | | | | Number of Shares (Thousands)| | | | | | | | | | Figure 16 Stock repurchase (in U. S. dollars) and dividends| Stock Repurchaces and Dividends| Â  | Â  | Â  | | Pfizer| | 2011| 2010| 2009| 2008| Stock Repurchaces*| N/A | N/A | N/A | N/A | Dividends ($)| 0. 8| 0. 72| 0. 8| 1. 28| | | | | | | Merck| | 2011| 2010| 2009| 2008| Stock Repurchaces*| N/A | N/A | N/A | N/A | Dividends ($)| 1. 56| 1. 52| 1. 52| 1. 52| | | | | | | J;J| | 2011| 2010| 2009| 2008| Stock Repurchaces*| (2,525)| (2,797)| (2,130)| (6,651)| Dividends ($)| 2. 25| 2. 11| 1. 93| 1. 795| | | | | | * $ in millions| | | | | Appendix H: Value Line reports

Effects of Fast Food on Health

date: 2/8/12 EFFECTS OF FAST FOOD ON HEALTH Nowadays, American people are very busy with their works and families. They do not have enough time to cook for themselves. Moreover, with the development of the fast food industry and chains of fast food restaurants, fast food for meals is the best choice of busy people. However, everything has two faces. Eating too much fast food also has many bad effects on health including obesity, heart disease, and diabetes. First of all, obesity is a serious disease mainly caused by eating fast food. Whichever kind of fast food we eat, from pizza to fried chicken, they contain the same ingredients.Fat and carbohydrates, which are one cause of overweighting, are present in most kinds of fast food. In addition, fast food contains fewer vitamin and other minerals which make people feel full. Containing fewer of these elements means that people tend to feel hungry frequently, and want to eat more. So, eating much fast food can also affect weight manageme nt. Last and also most importantly, fast food ingredients have a high amount of sugar which is the direct cause of obesity epidemic. Besides the ingredients of fast food, the larger sizes also increase the risk of obesity.In the documentary film Super Size Me (2004), Mr. Morgan Spurlock showed that when given larger portions sizes, average people still eat entirely regardless of whether they are full or not. Obviously, the more fast food we eat, the more unhealthy ingredients come to our body. Secondly, some heart diseases like heart attacks and high blood pressure are the result of eating a lot of fast food. Junk food such as donuts, fried food, etc. contains trans fats which are known to increase the level of bad cholesterol and decrease the level of good cholesterol, according to the Harvard School of Public Health.When the level of bad cholesterol in our blood is higher than the safe level, it creates the atherosclerotic plaques inside the arterial walls. Then, the arteries can be clogged, which places more stress on heart and raises blood pressure. In other words, it causes heart attacks and high blood pressure. Last but not least, type 2 diabetes is also another bad effect of eating too much fast food. Although fast food does not directly cause diabetes, it is the simple sugar and trans fat in fast food that can be the reason that leads to some symptoms such as high blood sugar, and insulin resistance.When we eat some kinds of fast food containing high level of sugar such as milkshakes, our bodies cannot use up all these sugars. The remaining will flow to our bloodstream. It also means that we have high blood sugar. Furthermore, fast food contains a lot of trans fats which block muscle to absorb glucose and protein. This blockage leads to insulin resistance. Furthermore, insulin is an important element helping the body to absorb sugar. Consequently, our body cannot absorb sugar, and it returns to our bloodstream.The result of that procedure is the high l evel of sugar in our blood, which is the cause of type 2 diabetes. In brief, obesity, heart disease, and diabetes are some serious diseases that are the result of eating too much fast food, a bad habit of many American. Fortunately, fast food producers these days care more about consumers’ health by reducing the amount of trans fats and sugar in food. They also try to make fast food become healthier by adding to fast food more kinds of fruit and vegetables. Anyway, the best way to keep us healthy is to reduce eating fast food that contains too many unhealthy ingredients.

Lopez Surname Meaning and Origin

Lopez Surname Meaning and Origin Lopez is a  patronymical surname meaning son of Lope. Lope comes from the Spanish form of Lupus, a Latin personal name meaning wolf. The Lopes variation of this surname often originates from Portugal. Lopez is the  21st most popular surname in the United States and the 4th most common Hispanic surname. It is also among the top five most common last names in Argentina. Surname Origin:  Spanish Alternate Surname Spellings:  Lopes, Lopaz, Lopas Famous People with the Surname Lopez Jennifer Lopez - American actress and pop singerGeorge Lopez - comedianMario Lopez - American actorJosà © Là ³pez Portillo y Pacheco - former President of MexicoFrancisco Solano Là ³pez - former President of ParaguayNancy Lopez - popular LPGA American golfer Genealogy Resources for the Surname Lopez 100 Most Common U.S. Surnames Their MeaningsSmith, Johnson, Williams, Jones, Brown... Are you one of the millions of Americans sporting one of these top 100 common last names from the 2000 census? Common Hispanic Surnames Their MeaningsLearn about the origins of Hispanic last names, and the meanings of many of the most common Spanish surnames. Lopez Family Tree WebsiteA Web site for all descendants of Basilio Là ³pez and Sabina Jalandoni from the Basilio Lopez Family Association. Lopez Group DNA ProjectThe Lopez Family Project at FamilyTreeDNA seeks to find common heritage through sharing of information and DNA testing. Any variant spellings of the Lopez surname, including Lopes, are welcome. Lopez Family Genealogy ForumSearch this popular genealogy forum for the Lopez surname to find others who might be researching your ancestors, or post your own Lopez query. FamilySearch - LOPEZ GenealogyFind records, queries, and lineage-linked family trees posted for the Lopez surname and its variations. LOPEZ Surname Family Mailing ListsRootsWeb hosts several free mailing lists for researchers of the Lopez surname. DistantCousin.com - LOPEZ Genealogy Family HistoryFree databases and genealogy links for the last name Lopez. References: Surname Meanings Origins Cottle, Basil. Penguin Dictionary of Surnames. Baltimore, MD: Penguin Books, 1967.Menk, Lars. A Dictionary of German Jewish Surnames. Avotaynu, 2005.Beider, Alexander. A Dictionary of Jewish Surnames from Galicia. Avotaynu, 2004.Hanks, Patrick and Flavia Hodges. A Dictionary of Surnames. Oxford University Press, 1989.Hanks, Patrick. Dictionary of American Family Names. Oxford University Press, 2003.Smith, Elsdon C. American Surnames. Genealogical Publishing Company, 1997.

Preparing a Dynamic Lesson Plan in Education

Preparing a Dynamic Lesson Plan in Education A lesson plan is a detailed description of the individual lessons that a teacher plans to teach on a given day. A lesson plan is developed by a teacher to guide instruction throughout the day. It is a method of planning and preparation. A lesson plan traditionally includes the name of the lesson, the date of the lesson, the objective the lesson focuses on, the materials that will be used, and a summary of all the activities that will be used. Furthermore, lesson plans provide a terrific set of guidelines for substitute teachers. Lesson Plans Are the Foundation of Teaching Lesson plans are the teachers equivalent of a blueprint for a construction project. Unlike construction, where there is an architect, construction manager, and a myriad of construction workers involved, there is often only one teacher. They design lessons with a purpose and then use them to carry out the instruction to construct skilled, knowledgeable students. Lesson plans guide the daily, weekly, monthly, and yearly instruction within a classroom. Dynamic lesson planning is time-consuming, but effective teachers will tell you that it lays the foundation for student success.   Teachers who fail to put in the proper time to plan accordingly short change themselves and their students. The time invested in lesson planning is well worth any investment as students are more engaged, classroom management is improved, and student learning naturally increases.   Lesson planning is most effective when it is focused on the short-term while always being mindfully aware of the long term.   Lesson planning must be sequential in building skills. Primary skills must be introduced first while eventually building to more complex skills.   In addition, teachers should keep a tiered checklist allowing them to keep track of what skills have been introduced to give them guidance and direction. Lesson planning must be focused and tied to district and/or state standards. Standards simply give teachers a general idea of what is supposed to be taught. They are very broad in nature. Lessons plans must be more specialized, targeting specific skills, but also including the methodology for how those skills are introduced and taught.   In lesson planning, how you teach the skills is as important to plan as the skills themselves. Lesson planning can serve as a running checklist for teachers to keep track of what and when standards and skills have been taught. Many teachers keep lesson plans organized in a binder or a digital portfolio that they are able to access and review at any time.   A lesson plan should be an ever-shifting document that teacher is always looking to improve upon.   No lesson plan should be viewed as perfect, but instead as something that can always be better. Key Components of a Lesson Plan 1. Objectives - The objectives are the specific goals that the teacher wants students to obtain from the lesson. 2. Introduction/Attention Grabber - Every lesson should start with a component that introduces the topic in such a way that the audience is drawn in and wants more. 3. Delivery - This describes how the lesson will be taught and includes the specific skills students need to learn. 4. Guided Practice - Practice problems worked out with assistance from the teacher. 5. Independent Practice - Problems a student does on their own with little to no assistance. 6. Required Materials/Equipment - A list of materials and/or the technology needed to complete the lesson. 7. Assessment/Extension Activities - How the objectives will be assessed and a list of additional activities to continue to build on the stated objectives. Lesson planning can take on a whole new life when.......... teachers include opportunities for differentiated instruction. Varying instruction according to strengths and weaknesses is essential in todays classroom. Teachers must account for this in their planning to ensure that each student is getting what they need to grow.teachers create lessons plans that include cross-curricular themes. Components such as math and science may be taught in conjunction with one another. Art or music elements may be included in an English lesson. A central theme, such as weather may be used to across all content and curriculum.teachers work together to create lesson plans as a team.   The melding of the minds can make lesson plans more effective and can save time for everyone involved.

TV over watch Essay Example | Topics and Well Written Essays - 500 words

TV over watch - Essay Example This paragraph will talk about the negative health effects of watching excessive television. Excessive television viewing leads to slow increase in body fat of the viewer and ultimately the viewer experience the harsh conditions of obesity. Those children who spend time hours in front of the television end up gaining less physical activity and their physical development is tampered. A study was conducted on 89 children who aged between 2 years and 6 years (Jackson, 2009). During this study the researchers measured the energy that children waste while watching TV and its effect on their physical well-being was even measured. The parents of these white Scottish children were asked to fill out questionnaires related to the research. The outcome of the study was that there was a positive link between watching TV and changes in body weight. The study proved that 1 hour of viewing of television lead to increase of 2.2 pounds of body weight. The study even figured out that the eating habits that these children obtained while watching TV was damaging their physical condition. The researchers in the study stated that while watching television, the amount of sweat and high calorie intake increases and concentration on eating health food such as vegetables decreases. The previous paragraph focused on the negative health effects, this paragraph focuses on the addiction caused due to watching television. Excessive viewing of television ultimately leads to addition with television shows and this leads to behavioral constraints. Those individuals who spend too much time watching television provide insight that they are addicted to watching television. They state that watching television is liked by them. This is similar to the affect of drug abuse, when drug abusers are asked about their experience while they consume drugs, they state they like the sensation of

BLOGS Essay Example | Topics and Well Written Essays - 250 words

BLOGS - Essay Example Raci is faced by the challenge of having to take hormone shorts off the street, and at times this seem to affect her class attendances which seems to be worrying her professors. Another transgendered student is a Master candidate in Student administration at Michigan university who is faced by a challenge of having to one day make his family who considers her a female understand that she is a male. In episode five, he is faced by the challenge of getting romantically involved with another student (Simmons, 2005). Gabbie, a student pursuing Computer Science at the University of Colorado has to cope with the challenge of being the youngest candidate to undergo a gender reassignment surgery. Will he later be accepted by her family as being female and not male? It is evident in Episode five of the documentary, which not all of this transgendered and transsexual student have been accepted and loved in the single sex colleges that they opted to join. Just as in the YouTube video clip on lo ve and acceptance, single-sex colleges should handle such students with love and acceptance because they were created so by God. Therefore, to help them in their transition to being a male or a female, love and acceptance would suffice (TBCvideoATL, 2010). Lack of acceptance and love has made Lucas a Neurology Senior at the Smith College feels so alienated. The society, her family, and some of her college mates consider and see Lucas as a female, but she wants to liver her life as a male. Lucas is faced with a challenge of defending his thesis in Episode five of the Transgeneration documentary (Simmons, 2005). A transgendered or transsexual student would want to attend a single-sex college just as gay partners, or lesbians would want to attend the Tabernacle Baptist church – they want a place where they would feel loved and accepted. It is natural that attending a