Smiths Group SWOT and PESTLE Analysis

Smiths Group SWOT and PESTLE Analysis Introduction: Smiths Group was first established as a family clock and watch business in 1851 by its founder Samuel Smith. Later in 1944 S. Smiths Sons (Motor Accessories) public limited company was formed with four divisions including motor accessories, aircraft instruments, industrial instruments and English clocks. In 1958 aircraft instruments combined with Kelvin Hughes, establish aviation and marine divisions. Company acquires Portland Plastics and Surgical Plastic in the same year (1958). Industrial division was established in 1960 which was concerned with the industrial instruments. In 1965 company changes its name to Smiths industries in 1965. (Detail history of company is listed out in appendices-1). (http://web.ebscohost.com/ehost/results) In July 2008, Smiths Group announced the acquisition of Triasx, a Brisbane-based wireless communications components manufacturer. In the same month, Smiths Detection opened a high-tech production plant in Germany designed to meet the soaring global demand for its advanced x-ray scanning machines. In September 2008, Smiths Group announced the sale of an eight acre former operational site in Basingstoke, Hampshire for  £16 million (approximately $32 million). In the same month, Smiths Medical developed a unique wireless blood pressure monitor using Bluetooth technology which is set to transform the way medics treat critically ill patients in hospital. Later in the month, the group announced that its interconnect division won long-term design and supply contracts on US military communications programmes worth a potential  £225 million (approximately $450.1 million). In November 2008, Smiths Group announced the acquisition of Zhejiang Zheda Medical Instrument, the Hangzhou-based medi cal instruments manufacturer. In January 2009, John Crane announced that it won a new  £8 million (approximately $16 million) maintenance contract from upstream oil and gas exploration company Talisman Energy (UK). In the same year, the group opened its new headquarters in central London, completing a reorganization designed to increase customer focus and significantly cut costs. (http://web.ebscohost.com/ehost/results) Review and analysis of companys sector and company standing in sector, identify its main competitors: Smiths group provide services and products for medical devices, contraband detection, energy and communication market in more than 50 countries worldwide. Group mainly operates in UK, North America and continental Europe. There are four main divisions of group which are detection, medical, john crane, medical and specialty other. Group is operates with four governments and their agencies, petrochemical companies, hospitals and equipment manufacturers and service provider in different sectors around the world. Smiths Detection is one of world best manufacturers and designers of sensors that detects and identify narcotics, explosives, weapons, chemical agents, contraband and biohazards. Detection division helps customers in the global transportation, borders and ports, critical infrastructure, emergency responder market and military. This division provides services to the customs authorities, emergency responders, security authorities and homeland securities. Division is providing different services to US Transport Security Administration (TSA), UK ministry defense and airport security to BAA in UK. John Carne is another main profits contributing business of Smiths group Plc. It provides products and services for major process industries, which includes chemical, oil and gas companies, pharmaceutical, pulp and paper and mining sector. This division provides services to oil and gas companies, pump, refineries and compressors manufacturers. Main customers include China petroleum, Chevron, BP, Qatar gas, Saudi Amraco, Shell, Total, Dresser, Flowserve, Elliot, ITT, Mitsubishi, Solar Turines and many more. (John Crane to cut 90 at seal factory, Dawson, Brad, Rubber Plastics News; 11/17/2003, Vol. 33 Issue 8, p1-22, 2p) Medical division is one of top specialist supplier of medical devices and equipments for worldwide market. Divisions products like medication delivery, safety devices and vital care are market focused and helping in the treatment of cancer, diabetes and many other illnesses. Division has direct sales in twenty countries and has distribution channels in many other countries. Flex-Tek is another division of Smiths group plc. This division provides engineered components that heat and move fluids for the medical, aerospace, industrial, construction and domestic markets. It is also providing fluids for commercial aircraft and for motor sports fuel and hydraulic applications. It has manufacturing facilities in UK, France, Malaysia, China, India and Mexico. Company customers include Boeing, Electrolux, Carrier, Whirlpool, Trane Part Whitiney GE Aerospace, Airbus, Hoover, Dyson and Panasonic. (MARKET FOCUS, Velocci, Jr., Anthony, Aviation Week Space Technology; 9/29/2003, Vol. 159 Issue 13, p10-11, 2p, 1 Chart, 1 Graph) Following are the few major compotators of Smiths Group Plc. Detail competitors information can be found in appendix. EADS Goodrich Corporation GE Healthcare Flowserve Corporation L-3 Communications Holdings, Inc. 3M Company GE one of the big rival companies is trying to acquire Smiths Group Plc. for  £2.45 billion. If this acquisition is successful than group will lose one of its important division. Smiths Group competitors are making strategic move to take group out of business. For complete list of competitors see appendices-2) (Kanter Jake, Supply Management; 10/22/2009, Vol. 14 Issue 21, p7-7, 3/4p) Smiths Group is operating in highly competitive markets and in those markets competitors have more recourses than the group. Smiths Detection competes with L3 Security Detection Systems, GE Security, Nucteck and Rapiscan Systems. In the emergency responder and military market group main competitors are Bruker, Environics, General Dynamics and Canberra. John Crane is also operation in highly competitive environment. In Oil and Gas rotation technologies major competitors of John carne are Eagle Burgmann Industries, Flowserve, Ocborne Engineering Waukesha. In equipment in upstream energy division face competitors like Norris, Weatherford, Cameron, UPCO and Quinn. Medical division competes with well establish competitors like, Teleflex, Covidien, Becton Dickinson, Cardinal, Hospira, Vital signs, Medtronic and many more. Many small and medium size competitors are working are competing with Smiths Interconnect operations. Competitors of microwave sub system include Deutsch, Radiall, Amphenol and Souriau. Smiths group aerospace tubular systems competitors include Eaton and Parker- Hannifin. Heat solutions domestic appliance and specialty heating element competitors include Watlow, Emerson and Chromalux. In construction related operation group is facing competition from Hitachi, Omega-fex, Hart Cooley, Atco and Goodman. (MARKET FOCUS, Velocci, Jr., Anthony, Aviation Week Space Technology; 9/29/2003, Vol. 159 Issue 13, p10-11, 2p, 1 Chart, 1 Graph) PESTLE ANALYSIS: (P)OLITICAL: Smiths Group has good relationship with governments like, USA, UK, Europe, China, Russia and many others. Smiths group is involved directly in national security of UK and USA. Most of the group contracts are from governments and public sector. Smiths group products are used in detection, medical, oil gas, aviation and many other businesses as well. In order itself operation group has make sure that it deals with governments fairly otherwise it will be difficult for group to keep most of it business. Involvement in national security and defense should be carried out in such a manner that no confidentiality is breached. Change in political government may result in loss of contracts as new governments may not want to continue projects with the group. Change in government policies and tax rate changes will directly affect group profitability. (http://www.smiths.com/ar09/smiths_group.aspx) (E)CONOMICAL: According to IMF reports world economy will be in recession for 2009 and 2010. It is evidenced now that this economic recession was worse than expected. Economic recession will have negative effect on group revenues and group may have to redundant extra staff if this trend continues. (http://www.smiths.com/ar09/smiths_group.aspx) (S)OCIAL: Group is operating directly and indirectly in countries with different social and cultural backgrounds. Thus group has to make sure that it shouldnt work against the cultural and social values of that country. Group should develop such human resources strategies that it will result in motivation for their staff from different back grounds. (http://www.smiths.com/ar09/smiths_group.aspx) (T)ECHNOLOGICAL: Smiths group is operating in such a competitive environment that it has to change its procedures in such a manner it should remain market leader. Technology changes results in cost savings, time saving and resources saving thus eventually results in profits. Group has acquired many running business to have benefit of new market, products and technologies. (http://www.smiths.com/ar09/smiths_group.aspx) (L)EGAL: Group operations may result in law suits either from employee or from customers. Such losses can be big enough to have negative effects on profitability. Thus group should devise mitigation strategies like get insurance for losses etc. (http://www.smiths.com/ar09/smiths_group.aspx) (E)NVIRONMENTAL: Group should operate in such a manner that its operations should result in long term sustainable profits. Group operations are global and it operations will have massive impact on environment. Thus group must act to reduce negative impacts of its operations. Group must not consume all the available resources and must replace all consumed resources as it will bring sustainability to climate and help future generation to exist. (ACCA P3, 2010) SWOT ANALYSIS: Smiths Group one of the biggest technology group globally. Smiths group acquired many companies which brought synergies for the group. On the other hand acquisition also results in many inherent problems. (S)trengths Rapid inorganic growth: Group has acquired well established companies in different sectors which give them more capabilities to meet customer needs. Acquisition of Sartorius Bearing Technology (SBT) has improved group abilities to improve technological improvement and results in high performance rotating equipment for oil and gas industry. (Smiths Group buys six US companies in a year Professional Engineering; 5/25/2005, Vol. 18 Issue 10, p14-14, 1/5p) Strong geographical presences and good customer relations: Group is operating in more than fifty countries worldwide. Group has good relations with governments like US, UK and Europe. Group have contracts with the governments, big industries, hospitals and many other global companies. Smiths detections technology is used at nearly 80% of the worlds airports and 85% of its sales are influenced by the governments and their agencies. Capabilities: Group has strong abilities to develop new technologies. Investment in research and development is significant which is a indication of group commitment to the future organic growth of the business. Group has invested  £ 86 million in RD in financial year 2008, which was 8.9% more than the previous year. (W)eaknesses Poor cash management: As compare to 2007 group cash inflows in 2008 are declining. The net cash inflow from operating activities decreased by 19.5%, if this trend continues in future company will be struggling to pay its liabilities. Poor cash management indicates poor cost controls, inefficient management of resources and poor decision making by the management. High gearing: It is observed in the financial statements of the company that debt in 2008 have increased as compared to the 2007. There is 30.7% increase in debt which means company is relying more on debts than other cheap financing sources like equity and internally generated profits. High debts can result in less profits, compulsory interest payments, loss of investors trust and eventually loss of control because of collaterals. Competitors: Group is operating in highly competitive environment where it faces competition from global companies which have more resources than the group. Competitors like, EADS, Goodrich Corporation, GE Healthcare, Flowserve Corporation, L-3 Communications Holdings, Inc., 3M Company, Anaren, Inc., Amphenol Corporation and many more are well establish businesses. Thus in such an environment it is challenging for Smiths to survive and compete on prices. (O)pportunities Acquisitions: Group has acquired much well established business and it has given more opportunities to gain competitive advantages, access to, new technologies, and new markets, large number of customers and diversification to manage risks. Increasing product demands like, for detection and medical equipment: US medical market has an evidence of growth over the past few years and it is estimated that this trend will continue in future. Thus group has potential of growth in this market. Increased demand in tourism industry has resulted in much stronger rebound of air traffic in recent years than evidenced previously. Thus there is big potential for group to expend in this market and in all other product markets as well. (Smiths confident that growth will continue Massy-Beresford, Helen, Flight International; 3/22/2005, Vol. 167 Issue 4977, p26-26, 1/4p) (T)hreats Global economic recession: According to the IMF reports world economy will be in recession for next two years and this recession will have negative impact on global companies. Highly competitive industry: It will be difficult for company to increase profitability in such an intense competitive environment. (http://www.imf.org/external/pubs/ft/survey/so/2009/res070809a.htm) Financial analysis: Profitability: Profitability ratios can be used by investors to evaluate company is generating enough profits or not. Management can use these ratios to evaluate whether controls are efficiently working and company achieving will be able to achieve long term sustainable profits or not. (ACCA F9, 2010) Return on capital employed (ROCE): ROCE is a profitability ratio which describes relationship between operating profits and capital employed. Capital employed includes debt and equity financing. ROCE of the company is increasing over the last three years. And company is generating more returns by using available sources of finance. ROCE in 2009 is 19.73% and for 2008 it is 17.98% which is 1.74% higher than the last year. There was 7.84% ROCE in Y/E 2006 but later on company has managed to increase return. ROCE can be further explained by calculating net profit margin and asset turnover. (ACCA F9, 2010) Net Profit Margin (NPM): Net profit margin shows the relationship between operating profits and sales. NPM of Y/E2009 is 15.94% which is 0.28 % higher than the last year 15.66% in Y/E 2008. Over the last five years NPM is increasing but increase is not significant. It may be because of poor controls on direct and indirect costs and high competitive environment. Company may be struggling to compete on price due to competitors actions. Asset Turnover (AT): Asset turnover shows relationship between sales and capital employed. AT shows how efficiently noncurrent assets of company has been utilized over the past years. Company AT in 2009 is 0.09 times higher than the last year and there is not much difference between AT over the last five years. Company noncurrent assets are losing their efficiency and they might need replacements in near future. Gross Profit Margin (GPM): GPM shows relation between gross profit and turnover. GPM is stable over the last five years. This shows that company have good control on direct costs (material, labor and production overheads). (ACCA F9, 2010) Liquidity Ratios: Liquidity ratios show the liquid (cash) resources condition of the business. These ratios explain the ability of company to pay its current liabilities and expenses. (ACCA F5, 2010) Current Ratio (CR): Current ratio explains relation between current assets and current liabilities. Group CR is below than standard CR of 2. Over the last five years company CR is consistent. Company has to fewer current assets as compared to the current liabilities. (ACCA F5, 2010) Quick Ratio (QR): Quick ratio shows the relation between liquid current assets and current liabilities. Group QR is less than standard 1 time. Company has less liquid assets available as compared to the current liabilities. If this trend continues company will be struggling to pay its current liabilities and eventually group can face cash flow problems. (ACCA F5, 2010) Working Capital Ratios: Working capital ratios explain the cash management of the business. It includes further three ratios. Inventory Days (ID): Inventory days of the group are gradually increasing which means group is losing its control over the inventory. Company is keeping inventory for longer period and this trend is increasing every year. Group has to incur extra cost like holding cost in holding inventory for long and if inventory take longer to sale it will result in loss of value. (ACCA F5, 2010) Accounts Payable Days (APD): APD of the group is reducing as comparison to the last five years. If company is paying to their suppliers earlier it will loss cash and eventually will be difficult for company to manage cash flows. If group delay its payments to the suppliers it can use same cash for other purposes and thus can have a benefit of interest free loan. (ACCA F5, 2010) Accounts Receivable Days (ARD): Accounts receivable days shows the time period taken by the receivables to pay organisation. TRD have increased over the last few years and thus group is struggling to get money back from their customers. (ACCA F5, 2010) Solvency Ratios: Financial Gearing: Group long term debts have increased over the last five years. In Y/E 2009 long term debts of the company were 752.2 million which is 31.5 million higher than the Y/E 2008. Group is relying more on debts as compared to the share capital thus group is exposed to high risks. Group is highly geared and investors will lose their interest in investing in to the organization. (ACCA F5, 2010) Interest Cover (IC): IC shows comparison between operating profits and interest charge. Company profits are increasing over the last five year. Company ability to pay interest is increasing over the last few years. Price Earnings Ratio (P/E ratio): P/E ratio can be used to explain the relation between share price and profits. This ratio helps investors to identify whether the company is achieving their aim of maximization of wealth and growth of their wealth. P/E ratio of the company is 4.352 times in Y/E 2009 and is 5.595times in Y/E 2008. If this trend continues investors will lose their interest in group and group will suffer to get equity financing. (ACCA F5, 2010) Earnings per Share (EPS): EPS is the measure of amount of dividend (portion of profit distributed among share holders) available to the share holders. As compared to 2008 company EPS has increased by 1 penny. On average group EPS remain at same level this indication that company is giving regular dividend to its share holders. (ACCA F5, 2010) Share Price: Share price is very sensitive information for shareholders and little variation in share price will change investors choice of investment. There are many factors which affect share price like speculations, company performance, forecasts, company future perspectives, market trends and many more. Group share price variations over the last five years can be seen in appendices. Share price trend shows company share price is coming back to peak as it was in 2008. Group share price fell to the lowest price in May 2009. Group has significant impact of economic recession on its share price. This shows lack of investors trust in stocks market as there was high risk in market due to recession. In 2010 group share price revive and reaches to its maximum, which shows investor still trust group and are willing to invest into company. (ACCA F9, 2010) Appendices: Appendix 1 Smiths Group History: (from 1983 till 2008) In 1983 company ceased production of direct supplies of original equipment to European motor industry. Company sold vehicle heater business to a subsidiary of Hanson Trust in same year (1983). Company also stops operations of mechanical clocks in 1984. At that time (1984) company was operating under three groups industrial; medical systems; and defense and aerospace. In 1987 company acquire US avionics business of Laer Siegler Holidings. Company acquire Graseby which was involved in defense related equipments for biological and chemical detection in 1997. Strategic Technology Systems, a supplier of health and usage monitor systems was acquired in 1999. In 2000 company acquired the BAE systems, Marconi actuation systems and an aerospace division of Invensys. In the same year (2000) company purchased Fairchild Dynamics from Orbital Sience and merged with TI Group and was named as Smiths Group. Group made acquisition of Barringer Technologies, Point- Lok Needle Protection Device from Griff Industries, Summitek Instruments and Bivona Medical Technologies. In late 2001 group sold its vacuum and pressure businesses to BOC Edeards. In mid 2002 group sold its Jhon Crane-Lips marine business to Wartsila of Finland. In 2002 company also acquire Heimann Systems in 2002. Group sold its air movement and cable management businesses by the end of 2002 to HSBC private equity. In mid 2003 group announced to form a new division including Smiths Heimann and Smiths Detection to supply services to detection market. Company streamlined its medical division to for Smiths Medical in same year (2003). Company sells Matzen Timm(international aeronautical industry) to Masterflex and also sell its polymer business to Trelleborg. Company made a contract with Boeing to supply wind pylons for 20 years in the end of 2003. Cyrano Sciences was acquired by Smiths Detection in 2004. Dynamic Gunver Technologies (aerospace business) was acquired by the group for $102 million, in 2004. SensIR Technologies, a manufacturers of infrared based analysers for $75 million. TRAK communications was later acquired in 2004 for $111.5 million and strengthened its interconnect business. A respiratory care device company was acquired in 2004 by Smiths Medical. John Crane acquired Tianjin Timing Seals in 2004 to strengthened its presence in China. The group acquired Farran Technology and strengthened its detection activities, in 2005. In the same year, it acquired Medex, a medical devices company for $925 million. Later in the year, the group acquired ETI Technology, a US bio-technology detection company. Also in 2005, Smiths Group announced that Flexible Technologies business of the specialty engineering division had purchased Hi-Tech Hose in Massachusetts for  £9 million and Farnam Custom Products in North Carolina for  £3.5 million. During the same year, the company acquired Millitech, a millimetre wave and antenna company in the US, for $33.5 million. Later in 2005, it acquired LiveWave for $17.6 million and extended its detection technology range. In 2006, Smiths Group expanded its interconnect business by acquiring the business and assets of Lorch Microwave for $25 million.The group entered into a contract with Shanghai Pudong International Airport to supply x-ray systems, in the same year. Later in the year, the group established engine components facility in North Carolina. Also, the detection division established a new production facility, Smiths Heimann Rus, in St Petersburg, Russia. Also in 2006, the group partnered with Boeing for GoldCare service solution for Boeing 787 dreamliner operators. During the same year, the group launched Tadar, a new people screening system. During 2006, the aerospace division of the group teamed up with BAE Systems to develop an Unmanned Air Vehicle (UAV) technology demonstrator project called Taranis. During the same month, Smiths group entered into $60 million agreement with General Electric on F404 engine. Later in 2006, Dowty Propellers, a business of the aerospace division, entered into a long term propeller support agreement with Flybe Airlines for the Dash 8 Q400 passenger aircraft fleet. Smiths Group announced the acquisition of CDI Energy Services (CDI) in 2007. In the same year, the group sold its aerospace businesses to General Electric. Later in the year, Smiths Detection secured ten year BAA deal to revolutionise UK passenger checkpoints. Deal includes deployment of aTiX, the checkpoint X-ray machine that can automatically detect explosives and liquids. Also, in Russia and Dubai, Smiths Detection gained significant orders worth over $150 million in the transportation and ports border markets. During 2007, Smiths interconnect, part of Smiths Group, announced that four of its businesses, Hypertac, TRAK Microwave Systems, PolyPhaser and Millitech were awarded contracts with a total potential value of over $90 million. In the same year, Smiths Group acquired Sartorius Bearing Technology (SBT), part of Sartorius. SBT is a leading provider of high performance rotating equipment for the oil and gas industry based in Gottingen, Germany. Later in 2007, Smiths Group sold its Marine In March 2008, Smiths Group received 510(k) clearance from the US Food and Drug Administration (FDA) for a new portable medication delivery system that would make pain management simpler and safer for patients and clinicians. After one month, Smiths Group announced the acquisition of Indufil BV, a Dutch-based specialist in filters for the petrochemical and process industries. Smiths Medical announced it would promote and distribute Abbotts FreeStyle Navigator Continuous Glucose Monitoring System in April 2008. In May 2008, Smiths Group announced the purchase of Allrizon Tongguang, a Shanghai-based communications equipment firm. In the same month, the group announced completion of its acquisition of Fiber Composite (Fiberod), a Texas-based company, specialist in oil and gas lifting equipment. (http://web.ebscohost.com/ehost/results) Appendix 2 Smiths Group Competitors List: Anaren, Inc. Amphenol Corporation American Technology Corporation B. Braun Medical Inc Becton, Dickinson and Co. Cobham plc Covidien Ltd. Cardinal Health, Inc. Cameron International Corporation Emerson Electric Co. General Electric Company GE Security, Inc. Hitachi, Ltd. Hart Cooley, Inc. Hospira, Inc. Moog Inc. Medtronic, Inc. Nutech Inc. NORRIS MEDIC Omega Flex, Inc. Pall Corporation Quinn Group, Inc. Radiall SA Rapiscan Systems, Inc. Siemens AG Teleflex Incorporated Tyco International Ltd. United Technologies Corporation Universal Potash Corp Vital Signs, Inc. Weatherford International Ltd. Watlow Electric Manufacturing Company (http://web.ebscohost.com/ehost/results) Appendix 3: Ratios Analysis: Y/E 07/31/09 Y/E 07/31/08 Y/E 07/31/07 Y/E 07/31/06 Y/E 07/31/05 Profitability ROCE=PBIT/CE*100 424.80/(3011.3)*100=19.727% 17.98 17.015 7.848 14.783 NPM 424.8/2664.6*100=15.942% 15.66 14.545 5.447 11.86 AT 2664.6/(1541.5-858)=1.24 times 1.15 1.17 1.37 1.25 GPM 1217.1/2664.6*100=45.68% 45.48 46.36 40.07 38.37 Liquidity Current Ratio 1099.6/858=1.28 Times 1.33 1.21 1.28 1.32 Quick Ratio (1099.6-413.6)/858=0.799 Times 0.86 0.824 0.781 0.77 Working Capital Inventory Days 413.6/1330.1*365=113 days 117 107 102 120 Accounts Payable days 130.7/1330.1*365=35 days 48 55 46 45 Receivables Days 514.4/2664.6*365=70 days 83 75 69 82 Solvency Ratios Financial gearing 752.2/859*100=87.57% 78.68 62.78 63.27 77.83 Interest Cover 424.8/54.4=7.81 8.41 5.43 3.29 7.45 Dividend Cover 30.03 26.6 22.12 2.88 28.63 P/E Ratio 4.352 5.595 4.434 3.772 3.873 EPS 0.054 0.042 0.053 0.057 0.051 Appendix 4 Share price Movement (Adopted from http://ir1.euroinvestor.com/asp/IR/PrinterFriendly/PFOD2.aspx)

The Mystery of Pearl in Hawthornes The Scarlet Letter Essay -- Scarle

The Mystery of Pearl in Hawthorne's The Scarlet Letter Among many nuances present in the novel, The Scarlet Letter, is the mystery of Pearl. This mystery is never actually in the real person of Pearl, but in the child she appears to be. At times, the townspeople and even Pearl’s mother, herself, call Pearl the demon-child, a fiend, and a torturer. Hester feels Pearl’s purpose on earth is to torture her but at the same time to be her joy. In reality, Pearl is a normal child, except for the fact that she is somewhat sealed off from the rest of the world. In the novel, Hawthorne makes it appear that Pearl is possibly an abnormal child. Chapter six is where he first discusses the child. In the sixth paragraph of that chapter, Hawthorne writes, "Pearl was a born outcast of the infantile world. An imp of evil, emblem and product of sin, she had no right among christened infants." Early on we see this powerful statement, which is supported by the rest of the novel. In chapter seven when Hester and Pearl are visiting the governor’s mansion, Hawthorne writes, "Pearl, in utter scorn of her mother’s attempt to quiet her, gave an eldritch scream, †¦ because the quick and mobile curiosity of her disposition was excited by the appearance of those new personages." This action of Pearl’s can hardly be seen as normal. Few children scream when meeting people, although many are a bit shy and stay close to their parents. One explanation, though, for this is that Pearl is not used to being around people. She had been shut off from the rest of the world because of her mother’s sin and doesn’t know that screaming around strangers isn’t normal. Pearl’s strange actions in various situations, such as at the governor’s mansion, is not the only t... ...rthy to have been left there, to be the plaything of the angels, after the world’s first parents were driven out. The child had a native grace which does not invariably coexist with faultless beauty; its attire, however simple, always impressed the beholder as if it were the very garb that precisely became it best." Although Pearl appears to be a demon-child, she cannot actually be a demon-child and be worthy of coming forth from Eden at the same time. Pearl can either be a normal child, or an abnormal one, not both. The mystery of Pearl is never in what she actually is because the people in the story are so caught up with Hester’s sin that they attribute the normal actions of a child to a devilish spirit. Had Hester been married to Arthur and given birth to the child, Pearl would have been seen by the people as the beautiful, innocent, and curious girl she was.

Freedom in our time Essay

In times of war or in times of peace, in prosperity and in difficulty, United States has always seen from abroad as the embodiment of liberty. This has been the nation that, with its mistakes and wise moves, has eagerly defended freedom in the world. In spite of how different we might seem because of our skin colors, religions or backgrounds, freedom is the value that we all cherish most in our lives and it permeates every aspect of our society. Throughout history, many American men and women have valiantly fought and died for their freedom and the freedom of others. Like the American patriot Patrick Henry declared in his speech in 1775 â€Å"Give me liberty or give me death†, he wanted to let people know that he would rather die than live under tyranny and oppression. Read more: Dbq how did the constitution guard against tyranny essay In the seventeenth century in Europe, there was no religious freedom, Jews were persecuted in the old world and in England you belonged to the Church of the country or you went to jail. Immigrants came from across the globe in the nineteenth century to be free from religious oppression; they came to America, the country where a man could be himself. Albert Einstein, who emigrated from Germany in 1933, stated that â€Å"as long as he had any choice, he would stay in a country where political liberty, toleration and equality of all citizens before the law were the role† (56). Freedom is the ability to act as you choose; it is the right to do as one pleases, but always keeping in mind the popular saying of â€Å"my rights end when yours begin†. We have to respect the freedoms of others. Even if we do not agree with some people’s opinions, we still should respect and listen to them. But the truth is no one is absolutely free, government and even ourselves set limits to our freedom. In our daily life, we stress out over many things such as our jobs, careers, family and more; we live afraid of failure, loneliness or death. People cannot act freely when they are subjected to a constant fear of being punished, censured or abused. As long as there is something in our lives that perturb or bother us, we are no longer free. No matter how free we believe we are, there is always an invisible chain that fetters us. Slavery in our time (even if it does not have that name) shows when a person renounces to being himself and allows others to manipulate him or decide for him. The slave does not decide for himself about what he wants or what is better for him. He acts because he is told to do so, without questioning the orders he receives, even if his actions go against his principles or harm people they care about or society. In the nations, governments control freedom through laws that citizens have to follow. Law is connected with human responsibility for his actions and it is a way to ensure that our society is fair to all. In order to make it possible for all of us to live in harmony, the law restricts some people’s freedoms, in order to allow others to enjoy it. Freedom is a privilege that people too often take for granted. We seem no to value the lives that men and women sacrificed in battle for freedom and our rights. Without them, none of what we have now would be even possible. But when something is given to you, it does not mean as much to you if you would have earned it yourself, and in our case we were born with our freedoms handed. Our society has changed tremendously throughout history, and the meaning of liberty has done it too. Nowadays, women for example, have freedoms that by trivial they might seem, we did not have before, like the right to vote, to choose the person we want to marry or to go to college and study whatever we decide. We can now develop our talents and be what we want to be. The U.S. Constitution and its Bill of Rights bestow Americans freedoms and rights. I think today people are more likely to know the most popular songs, than the freedoms the Bill of Rights grants them. We cannot protect something that we do not understand and many Americans do not have an understanding of the freedoms they regularly enjoy. Defending our rights is a primary responsibility of being citizen. The ignorance, the lack of education and knowledge make a lot of people to blindly accept all the values and doctrines that others want to impose them. We should exercise our freedom to its fullest extent. One example of this is voting. We are not obliged to do it, but what better way to get involved in our community than by participating in the electoral process? Every single vote counts and it is our duty as citizens to choose our own leaders. The Bill of Rights, guarantees, in words, freedoms Americans didn’t want to be without. The free speech is guaranteed in the first amendment, and most people agree that is one of the most important freedoms we have. It allows us to express ourselves and speak our minds. In some countries, a person cannot say what he or she thinks because it will be considered a threat to government and will have to face the consequences. Freedom of speech and choice make people responsible for their words and actions. The freedom of the press exists in almost every country, although few nations have a press as free as the USA’s. This freedom is not possible when people cannot own the printing, paper and ink like in Cuba, where the freedom of the press is substantially restricted. The radio stations and television cannot exercise liberty when the electromagnetic spectrum belongs to the State and the license might be revoked. Neither can freedom prevail when the Government buys the silence of the media with state propaganda or the justice permits thieves to sue journalists that denounce corruption. Americans enjoy the right to express themselves and to be informed about how they are being governed. There are many facets to the meaning of freedom, but compared to other countries United States is blessed with it, even though the dualism of limitations and freedom will be always present. CITED WORK Einstein, Albert. The world as I see it. New York: Kensington Publishing Corporation, 2006, p. 56.

The Downsides to Globalization - 1069 Words

Does your friend that lives across the globe have the same branded shirt as you? Does she drink Starbucks every morning like you? Does she watch the same videos on YouTube like you? How does your friend have the same things as you but she is halfway across Earth? This is happening because the world has aided in the homogenization of people and culture. Through internet and other advancing technology and social media interaction among people has become easier. This process is known as cultural globalization because the whole world is leading to a single culture. Globalization should be stopped since it is making cultures lose their identity and significance in this world, and allows technology – todays manufacture and global media to gain control over small business and many different aspects of people’s life. Cultural globalization has its own pros and cons. Cultures and societies can be brought together through globalization. Because of the Revolution in Information Technology it has become easier to communicate and connect with people of different cultures across the global. Through this cultural diffusion societies are feeling similar and will become united. People from all of these different nations will feel together rather than an outcast and eventually eradicate racism and discrimination (Sofree). Globalization can lead to freedom from custom and have â€Å"exposure to alternative ways of life and thought will help increase global awareness and appreciate to humankind inShow MoreRelatedGlobalization : An International Economy And Global Markets898 Words   |  4 Pages(2000). Globalization allows businesses to grow due to the elimination of stringent trade restrictions and tariffs. Globalization also allows undeveloped nations the opportunity to flourish by creating jobs that we re previously unavailable. As Lechner states in his Globalization Debates - Good vs. Bad, those in opposition believe that globalization is dangerous due to the â€Å"...inequities of oppressive global capitalism† (2000-2001). So, what are the upsides and downsides to globalization? The worldRead MoreIn the question of whether or not globalization presents a new field of oppertunity, I would like900 Words   |  4 PagesIn the question of whether or not globalization presents a new field of oppertunity, I would like to start of with looking at a text I looked at earlier in this essay called A place of ones own: schooling and the formation of indentities in Modern Nepal by Stephen Carney Ulla Ambrosius Madsen, together with the text Consumer Culture and Identities in Kathmandu: Playing with Your Brain by Mark Liechty The first text, presents the oppertunity of breaking out of historically constructed socialRead MoreSingapore As A Financial And Transportation Hub And A Global Commerce887 Words   |  4 PagesSingapore a global city through the influences of globalization on it. Though the influences are mainly positive, there are some downsides to globalization. Globalization influences on Singapore: Singapore follows a capitalist economy that is administered by the state, taking control of all the companies’ stakes (Rajan Thangavelu, 2009). In the last few decades, Singapore has undergone major changes due to the introduction of globalization. Globalization has influenced Singapore to trade internationallyRead MoreGlobalization And Its Impact On Society1369 Words   |  6 Pages Globalization is a broad term used in multiple social studies classes. There are three types of globalization: cultural, economical and political. As both positive and negative views exist on globalization; using just the word globalization isn’t specific enough to understand these viewpoints. Knowing the different types of globalization will allow a person to form their own opinion whether or not each individual type of globalization has a positive or negative impact on society. Cultural globalizationRead MoreChanges in Europe Since the Fall of the Soviet Union, Effects and Issues.1399 Words   |  6 Pagesthe Soviet Union. Effects of Globalization, Terrorism and New technologies of the world Globalization, Terrorism and New Technology, affect the world in many ways. Globalization is â€Å"a process in which economies, societies, and cultures have become integrated through a global network of political ideas through communication, transportation, and trade.† The affects of Globalization range from Industries, Economy, Health Policys, Politics ect. Globalization affects industrial buisness by bringingRead MoreGlobalization Is A Major Point Of Negativity1469 Words   |  6 PagesGlobalization is defined in many ways. â€Å"Globalization generally refers to the expansion of global communications, growing social and political interdependence and the development of a planetary rather than national awareness among many of the world’s people (Anderson, 98).† The process of globalization is allowing people from all over the world be more interconnected with one another. The process is seen in many different ways. Our clothing is no longer made in the Unite d States, today we look atRead MoreInternet History, Security And Technology866 Words   |  4 Pagesto have changed dramatically since then and money things has been changed around internet technology development globally. It seems great development around world trade that run every business any place in the world without boundary because of globalization. We buy and sell a product from any corner of world we want online and we can even have a trade deal with a small and big corporate business online nationally and or internationally. Have a great interaction among different country’s governmentRead MoreThe Impact Of Internet Technology On The World867 Words   |  4 Pagesto have changed dramatically since then and money things has been changed around internet technology development globally. It seems great development around world trade that run every business any place in the world without boundary because of globalization. We buy and sell a product from any corner o f world we want online and we can even have a trade deal with a small and big corporate business online nationally and or internationally. Have a great interaction among different country’s governmentRead MoreThe Emergence of a Borderless Society1321 Words   |  5 Pagesï » ¿Introduction Today, we live in a society devoid of yester years restrictions in regard to movement and trade. Basically, the term borderless society has no clear cut definition. However, the same can be likened to many other terms such as globalization, global community, global village, etc. In a borderless society, minimal restrictions exist especially when it comes to the movement of goods, information as well as currency. The Emergence of a Borderless Society In basic terms, the emergenceRead MoreThe Economic Globalization Of India935 Words   |  4 Pages Economic Globalization has swept across the world since the end of WWII. Slowly but surely all the nations across the world have been impacted by Economic Globalization. India for example, has been one of the countries that has been recently hit by the storm, and India’s economy can be seen to still be shooting up. In my paper I will be discussing the Economic Globalization of India, the roots of the globalization to occur, the effects it had and the negative effects it had. Effects such as foreign