Busiess law Research Paper Example | Topics and Well Written Essays - 1250 words

Busiess law - Research Paper Example lang=04 RERA seeks to aim transparency and effectiveness as a regulatory body in the conduct of its day to day activities in various real estate transactions. RERA is actively and constructively enforced new laws and regulations, as well as imposing the appropriate penalties, which include fines and removal from the authorized developer and broker registers.5Taylor, C. (2008)6. Getting the Balance Right, The Report: Dubai 2008.7 Oxford Business Group.8 In April 2009, Dubai has made significant changes in the cancellation of real estate projects pursuant to Law No. 9 of 2009. Specifically, Section 5 of Law No.9 has empowered the Real Estate Regulatory Agency (RERA) to cancel a real estate project. Hence, the developer must return to the purchaser all the amounts paid in occurrence of such event. â€Å"This provision has energized the investor community, insofar as it mandates that developers should give investors a 100 percent refund if a project is cancelled†. Yamalova, L.9 (2 009)10. ‘Ambiguity Prevails Over RERA Regulations’11. ... end of the notice period stipulated in the preceding paragraph the Purchaser has not fulfilled his contractual obligations, the following provisions shall apply: a.) â€Å"In case the Developer has completed at least 80% of the project, the Developer may keep the full amounts paid and request the Purchaser to settle the remaining amount of the contract price. If this was not possible, the Developer may request that the property be auctioned in order to collect the remaining amounts due to it; b.) In case the Developer has completed at least 60% of the project, the Developer may revoke the contract and deduct up to 40% of the purchase price of the Real Estate Unit stipulated in the contract; c.) In case of projects where construction commended but did not reach 60%, the Developer may revoke the contract and deduct up to 25% of the purchase price of the Real Estate Unit stipulated in the contract; d.) In case of projects whereat construction has not yet commenced for reasons beyond th e Developer’s control without any negligence or omission on its part, the Developer may revoke the contract and deduct up to 30% of the total amounts paid by the Purchaser.†14Article 11, Sec. 2 Law No. 9 of 2009. ‘Real Estate Related Laws-Law No. 9 of 2009’15, Al Rowaad Advocates and Legal Consultancy16. Retrieved on May 20, 201117, from the World Wide Web: http://www.awf.ae/law-9-2009.html.18 The enactment of Law No. 9 also provides that in case â€Å"RERA may, decide to cancel a real estate project, following a grounded report, in which case the Developer must return to the Purchasers all the amounts paid by them in accordance with the provisions of Law No (8) of 2007 concerning Escrow Accounts of Real Estate Developments in the Emirate of Dubai†. 19 Article 11, Sec. 5 Law No. 9 of

My Interactions with the Jesuit values Essay Example | Topics and Well Written Essays - 750 words

My Interactions with the Jesuit values - Essay Example Also, a compassionate and loving heart if not tempered by the logic and decorum emanating from the heart is but a rudderless ship, incapable of reaching its destination, being most of the time trapped in the morass of indecision and wavering. It is in the divine unity of the mental and emotional faculties that lies the true future of humanity and mankind. The Jesuit model of education actively inculcates the unity of human understanding and emotions. When the human personality is not amply mature and had not attained the ripeness ushered in by continual and persistent contemplation and education, the heart and the mind tend to be in a state a conflict. This is many a times markedly signified by having a strong desire to do something or engage in some activity that innately seems to be inappropriate or wrong. I believe that a preponderance of such instances in human life gives way to ample emotional and mental problems, which if allowed proceeding beyond a certain limit could degenera te into some kind of neurosis. Yet, ironically, I feel that this is the actual dilemma of the modern civilization so open to the winds of materialism and a deluge of information. Many a times in my life I felt that though I had everything that I materially desired and had access to most of the modern freedoms and rights, still there was something lacking within me that restrained me from evolving into a complete person. It is only after learning about, understanding and meditating upon the Jesuit value of the unity of body and mind that I realized that it was possible to pull myself out of this dilemma. I realized that the purpose of human existence and education is to aspire for a holistic development, the kind of evolution where the aspirations of the heart are shaped and molded by the discipline and formality emanating from the mind. This may seem nice to read, but, believe me, achieving such a state of existence is easier said than done, and requires continual practice and dedic ation, not to mention the immense need for prayer and self evaluation. It is only when a person has the good luck to be placed in the circumstances that are imbued with just the right values and ethics that one is able to instinctively realize the unity and harmony existing between the mind and the heart, the body and the soul. However, if, by the grace of God, one turns out to be blessed enough to placed under the tutelage of experts and institutions that encourage the flowering and evolution of the whole person rather than lopsidedly encouraging the segmented faculties of the human personality that one is able to evolve into a complete person in whom the yearnings and aspirations of the heart are propitiously tempered by the wisdom and maturity of the mind, leading to happiness and completeness in most of the spheres of life, are they spiritual, social, academic, economic or domestic. In that context, the Jesuit value of the unity of mind and the heart had a profound impact on var ied facets of my life. It not only helped me to proceed on a journey that promised happiness and grace, but also endowed me with the much required qualities like humility, patience and persistence. It encouraged me to engage with the complexities of the outside world with a deeply felt and morally

History Assignment Example | Topics and Well Written Essays - 250 words - 21

History - Assignment Example Therefore, they transformed the environment into a rich agricultural sector (Blanco & Sanborn, 1993). However, these natives were still behind in innovations and technology. Initially, their proximity with wild animals resulted to illnesses that could not be cured. Many of them died due to lack of medical technology. Also, they did not possess any weapons, which put them to a disadvantage to the Europeans who had weapons. The Europeans were able to invade them and occupy most of the land due to their vulnerability (Blanco & Sanborn, 1993). .The European had experienced religious reforms. When they invaded North America, they intended to convert the Indians to Christianity. England chartered colonies in America for the purpose of colonization and trade (Blanco & Sanborn, 1993). Spain established colonies in North America because they intended to explore gold and silver. The native people resisted colonization by downing their tools. They halted all their economic activities. The natives died as a result of diseases, leading to reduction in labour force. Therefore, the Spanish imported slaves to replace servitude as a source of labour. The Spanish introduced mercantilism sin order to dominate trade. The southern colonies supported this processing by accepting imports from the Northern America. This is because they benefited more than the Northern colonies (Blanco & Sanborn,

Feedback and its importance Essay Example | Topics and Well Written Essays - 500 words

Feedback and its importance - Essay Example in organizations) or in universities. Since the key objective of providing feedbacks is to inform the individuals concerned regarding their performance, and give them objective opinions, it helps them to understand their strengths and weaknesses and utilize their capabilities to the optimum, and hence pave way for self-growth. Furthermore, feedback helps in identifying the problem areas or areas of concern and develops ways to overcome the shortcomings. For instance, in terms of organizational learning, the managers periodically evaluate the job performance of their workers and employees, and provide them feedback on the basis of a thorough assessment. Such an assessment can then be used by the workers to identify gaps in their performance and use the same to increase their productivity (Anderson 1990; Kluger & Denisi 1996). Similarly, feedback in universities, which are given in the form of grades or critique of their work, helps the students in identifying the areas in which they e xcel and those where they need to put in more effort. Various schools and universities also enable teacher feedback, whereby the students assess the performance of their teachers. It is only through feedback, that any substantial and positive change can be hoped to be achieved.

A Good Man is Hard to Find Research Paper Example | Topics and Well Written Essays - 1500 words

A Good Man is Hard to Find - Research Paper Example In â€Å"Flannery O’Connor’s ‘Spoiled Prophet,’† T.W. Hendricks agrees with Blythe and Sweet that the Misfit is some form of a prophet, but the former stresses that he is a misguided prophet. Finally, the article â€Å"Flannery O’Connor’s A Good Man is Hard to Find: The Moment of Grace,† by Michael Clark, argues that the grandmother received her moment of grace during her moment of death and aims to touch the Misfit and redeem him from his meaningless existence. The family represents the disintegration of human society, but the grandmother receives the gift of grace during her dying moments, and yet the Misfit, who thinks of himself as a prophet, misinterprets this act of grace and seals the emptiness of his life. The family in the story stands for the fragmentation of society, due to lack of spiritual growth. Hendricks points out that the story has explored the â€Å"spiritual exile† of two families, Bailey’s and Red Sammy’s families (203). Bailey and his wife are detached from their Southern roots (Hendricks 203). Like Hendricks, Blythe and Sweet assert that Bailey has lost his authority over his mother and children, which has resulted to a family in â€Å"disarray† (Hendricks 203). In particular, they suggest that this stands for the fall of â€Å"secular authority† (185). The grandmother schemes to â€Å"visit some of her connections in east Tennessee,† and she defies Bailey’s instructions to leave her cat (O’Connor). The children also act waywardly by kicking the car seats, yelling, and whining. Their names suggest their spoiled personalities too. John Wesley, whose name feels that his parents had high ambitions for him, is impolite to his grandmother and disrespectful of his family’s history (Hendricks 203). Still, he likens himself to a young Superman and brags that he will beat the Misfit in the face, if they meet him. June Star has tap dancing skills, which tend to get

Good Man Is Hard To Find By Flannery O'Connor Research Paper

Good Man Is Hard To Find By Flannery O'Connor - Research Paper Example O’Connor drew experiences for her work from growing up as a Catholic in the South and this explains why she featured religious themes by having priest characters in her work. She had her first publication while at the University of Iowa undertaking her master’s degree. Afterwards, she went on to spend time at a Sarasota Springs, Yaddo that is acclaimed as a retreat for New York artists. Her most recognized work was A Good Man is Hard to Find and other stories published in 1955 and in 1965 Everything that Rises must Converge. She received various awards, most prominent the O Henry Award in 1957 and posthumously, in 1972 the National Book Award. Introduction Cited as one of the best examples of Southern Gothic literature, A Good Man is Hard to Find is set around a family of six- a grandmother, Bailey, his wife, baby and two children as well as a character known as The Misfit. These are the main characters of the story that is centered on the family going on vacation to ea st Tennessee as suggested by the grandmother, instead of Florida which was Bailey’s original idea. ... The family ignores Bailey’s mother referred to simply as The Grandmother and heads off to Florida from their home in Georgia the following day. In the morning the family sets off with The Grandmother being seen to have gained enthusiasm for the trip, she secretly stows away her cat in a basket and wears a dress and a hat with flowers stating that this would ensure that if they had an accident people would be able to recognize her as a lady (O’Connor 3b). This paper seeks to explore a theme of grace versus contradictory Christian beliefs following the beliefs held by The Grandmother and The Misfit. The contradictory Christian belief is a general mistrust of others that The Grandmother mentions whereas The Misfit is seen to live a life of remorselessness yet he wonders about Jesus. The story is generally a dark comical tale where its comical feature is mainly brought out by the character of The Grandmother. While in the car headed towards Florida, The Grandmother tells th e children various stories one such being about one of her suitors a man by the name Edgar Atkins Teagarden who brought her a watermelon each week carved with his initials- E.A.T but one time a black kid ate the watermelon because he read the watermelons as eat (O’Connor 5b). The family then proceeds to stop by a restaurant known as Tower owned by a man named Red Sammy Butts, here O’Connor highlights the theme of mistrust through Red Sammy who states that he had sold gas to some men promising that they would return to pay him but they did not. He tells this story to The Grandmother who commends him for being kind and calls him a good man. Red Sammy’s wife comes into the conversation stating that she also does not trust anyone, her husband included. Red Sammy maintains

Financial Management for a 5 Star Hotel Essay Example for Free

Financial Management for a 5 Star Hotel Essay The service to be marketed is a 5 Star hotel with 380 luxury rooms supported by a range of food and beverage outlets. Located in Dubai, the domestic market will be considered to be the GCC, given the accessibility via short-haul flights and that currencies are broadly all pegged against the US Dollar, and therefore do not fluctuate against each other. The marketing strategy will cover sales in this domestic market as well as a range of global key feeder markets. Through analysis and comparison with economic theories, recommendations to guide the marketing strategy have been made. These point to focussing more strongly on the domestic market based on the higher levels of government spending, backed by a high oil price, the relatively low impact of cross elasticity with airfares and the lack of currency fluctuation risk for sales. Firstly I will consider the cost of production and some scenarios which may impact on the marketing strategy. The main costs in providing a hotel service are labour, rent and upkeep, energy and room servicing supplies (such as linen and tea amp; coffee). In terms of predicting costs for the first half of 2012, it appears likely the cost base will stay fairly stable. All costs are incurred in the UAE, with all items sourced in the local market. The major items, rent, labour and room servicing, are on long term agreements which are already fixed. Longer term macroeconomic effects may impact these, for example expat labour from Asia may be available cheaper next year in the global employment market if the world economy slips into recession. Unit energy costs are variable and could be influenced by macroeconomic factors affecting the oil price. These are difficult to predict, however I have considered that a global slowdown in the period could lead to less demand, forcing the oil price to decline. At the same time, continued tension in the Gulf, particularly around the Straits of Hormuz, could lead to upwards pressure on oil prices. On balance, for this exercise I have assumed that energy prices in Dubai with remain broadly flat. In summary, the overall cost base for the hotel service appears to be relatively flat for the first half of 2012. To assess the service type, I have analysed the price, income and cross price elasticities for the hotel service. I have observed from personal experience in the hotel market in Dubai that a 33% reduction in room rates results in almost doubling of demand, suggesting a relatively high price elasticity of demand of -3. This provides evidence that demand in the hotel market in Dubai is very sensitive to room rates. Whilst the service is considered to be a luxury item, the global tourist market is highly competitive. The income elasticity of demand for such a service is likely to be relatively high, given a luxury hotel’s status as a non-essential item. Since it is a global market it is complex to assess how individual income effects will influence each feeder market, although I would expect that this elasticity will generally be greater than 1. For residents of some countries with high GDPs, such as the GCC, I would anticipate a luxury hotel in Dubai may have a slightly higher income elasticity of demand than for countries with a very low GDP, where increases in income may still not be enough to afford this service. When considering possible cross elasticities, a key factor influencing hotel demand in Dubai is likely to be the cost of air travel to the UAE. Since such a high proportion of guests arrive by air, some from far away with relatively large airfares, there is likely to be a high cross price elasticity between demand for hotel rooms and the price of air travel. Looking to the first half of 2012, possible effects on aviation prices may include additional aviation taxes, such as the EU carbon tax [1]. This cross price elasticity may therefore result in less demand for McKenzie Group’s service from Europe. Assessing the market structure for the McKenzie Group Hotel in Dubai, it is highly competitive. For 2012 STR Global said â€Å"most rooms planned to open in the luxury segment (11,123 rooms amp; 34 projects) and upper upscale category (10,198 rooms amp; 31 projects). The new supply growth in 2012 is expected to reach 9. 6% causing both rates and occupancy to slow down† [2]. Given the range of hotels and brands, my assessment is that the market is near to a perfect competition. Competitive strategies are likely to include discounted room rates, special offers for additional added benefits (such as complimentary transfers, room upgrades and theme park tickets), and increased sales and marketing efforts. Given the analysis above, The McKenzie Group will need to compete on pricing supported by investment in sales and marketing campaigns. In order manage the cross price elasticity risk with aviation prices, The Group should look to focus efforts on the non-air travel local market and pursue pricing opportunities for packages with airlines to give competitive overall costs to global customers. The market for The McKenzie Hotel Group is mainly segmented geographically, location of customers is the biggest influence on buying behaviour. This can be grouped into four key feeder markets: Asia Pacific (10% of sales), Europe (40%), GCC (40%) and North America (10%). Demographically, gender has no noticeable effect and buyers from all markets tend to be middle aged professionals. In the European market government-level economic activity is likely to dominate prosperity given the current crisis. High debt and deficit levels in certain countries will lead to big reductions in government spending and may reduce consumer confidence. Combined with general forecasts for flat growth, if not recession, in the first half of 2012, this could have a large negative impact on overall demand. The GCC market however could be buoyant with high levels of government spending activity, mainly on infrastructure backed by oil and gas revenues. There may also be additional government spending on social schemes as a result of the Arab Spring in Levant countries. As a result of this activity, the domestic market is likely to remain strong. Given the analysis above on the economic climate in key feeder markets and the effects of government spending, The McKenzie Group should target the domestic GCC market much stronger in the first half of 2012. Given the breadth of global feeder markets, a variety of currencies must be considered in relation to pricing effects for customers. Costs are all incurred in UAE Dirhams so the main impact on currencies is not on costs but on sales. Since the Dirham and GCC currencies are pegged to the US Dollar there is no consideration required currency fluctuations with the domestic (or North American) market. However some currency fluctuations could have a major impact on sales in the first half of 2012. The Eurozone crisis may reduce the value of the Euro against the Dollar (and hence the Dirham) which will make hotels in Dubai more expensive for customers in the Eurozone market. As well as the cost of rooms, customers will also be affected by the relative increase in costs for anything bought locally, such as food and entertainment. This risk adds to the argument that Europe is not a good prospect for sales for the first half of 2012. Since the UK is not in the Eurozone its currency (Sterling) moves independently to the Euro and given that it is traditionally a strong market for McKenzie Group, this must be considered. Since the UK may enter recession again in the first half of 2012 it seems unlikely that interest rates will be increased from their current low rates. In addition Bank of England actions might also reduce the value of Sterling and so holidays in Dubai will seem relatively expensive for UK customers. McKenzie Group should reduce its reliance on the UK market in the first half of 2012 to help protect against this risk. Having analysed various macroeconomic and microeconomic influences on costs and sales for McKenzie Group Hotels in Dubai in the first half of 2012, there are some clear recommendations for the marketing strategy. Costs are anticipated to be reasonably stable since they are either already fixed or are incurred locally. Sales are likely to be much less stable. Given the high price elasticity on demand and the near perfect competition in the market in Dubai, price strategies will be key. For sales from the European market in particular, poor economic conditions, low levels of government spending, the risk of weak currencies, and cross elasticity with aviation costs, could all have a negative impact on sales. In contrast, these effects have much less, if any, impact on the domestic GCC market which is also likely to be buoyant from government spending. It is recommended to invest sales effort in the GCC for the first half of 2012.