The growth in bond issues in Australia Essay Example for Free

The growth in bond issues in Australia Essay The stock of Commonwealth Government Securities rose rapidly in 1990 and peaked in 1997 and it the fell existed and continued till 2003. If the fall continued it would be harmful to the financial market and hence the government announced the it would maintain the viability of the CGS market. At present the value of such bonds exceeds $300 billion. The bonds in Australia in the market represented by Non-CGS and Semi issuance. The Stock of such $300 billion, which is more than 3 times of stock of CGS and Semis. In Australia, the government and non-government sectors issuing the bonds in order to raise the capital. The investors domestic or offshore markets are attracted with the issue of bonds, since the bonds provide secured amount with regular coupon payment for entire life of the bond. The minimum investment in bond is $500,000. For the domestic issue, the commonwealth bank was ranked in number one in the issue of bonds for 2004. It offered fixed and floating rate debt securities. GOVERNMENT During 1990s, the domestic market confined to government borrowers. There is a trend to issue of bonds by financial and non-financial borrowers occasionally issued the bonds into the domestic market only. But since past decade, the corporate bond market in Australia expanded rapidly. The non-government bonds equivalent to 25% GDP. Due to such increase the government bond outstanding fallen. It is an automatic incident since the non-government bonds increasing rapidly as they are capturing the offshore market. During 1990 the Australian government issued the bonds less than $50 billion and even up to 2005 it was continued with $50 billion. During 1995 to 1999 the bond issue was gone up to $100 billion. But the government want to be stable the issue of the bonds and to maintain $50 billion. It is a good sign to the government’s view because the issue of bonds indicates the debt ness of the organization. Due to stability of the issue of the bonds, the image of the government will be increased. STATE GOVERNMENTS In Australia, the State Governments also issuing the bonds and they are also mainlining the Australian government’s policy by maintaining that the debt issue i. e. bonds issue should not be more than $50 AUD billions. Since it is the government policy, they cannot issue more than $50 billion. The state government issues bonds called as Semi Government bonds. These are issued via State governments other than Federal Government. The credit rating varies for every state and hence normally there may be higher rate than commonwealth Government bonds. NON-GOVERNMENT BONDS The banks started to provide more housing loans and it reflected to fall mortgage rates due to lower inflation and increased competition. Of course due to good economic conditions. The banks also diversified its funds to other markets through the local and offshore issuance of bonds and asset-backed securities. With this effect, the non financial corporate increased their borrowing from banks, besides issue of their own bonds. Issue of bonds in such small country leads to beneficial, shift to low inflation and caused to issue of demand for fixed interest bonds. Issue of non-government bonds can be termed as Australian private sector. The issue of such bonds relates to domestic and offshore market. The private is institutions represented by financial institutions, predominant banks. They issued the bonds into offshore markets more than 80% of their total bonds. The issue of bonds in offshore market is rapidly developed from 1990 and at present the outstanding is $350 billions whereas the domestic market i. e. onshore market captures only $200 billion. KANGAROO BONDS It is an Australian dollar-denominated bond issued by a non-Australian entity in the Australian market. It is a bond issued by the foreign entity in Australia. The Kangaroo bonds are also long term debt security issued by the non-residents in the Australian domestic market. Kangaroo bonds play the major role in non-government bond market. During 2003-2004, with the issue of kangaroo bonds, the level of non-government bonds raised from $1. 8 billion to $15. 2 billion. Almost most of 70 percent of this amount contributed by the residents of Australia. The main reason for such contribution in Kangaroo bonds is since the government of Australia reduced the debt security. During that time the government has budget surpluses. Moreover the Australian government encouraged the privatization of some of public departments, which caused the privatization proceeds received. The most of the privatization proceeds and budget surpluses used for repaying the debt. Therefore government stopped to issue the bonds. Under this juncture, the kangaroo bonds were released and rapid growth is inevitable for kangaroo bonds. During that period, since there is other alternative, as the government is not issuing the bonds and highly credit rating given for Kangaroo bonds, Australian investors supposed to get Kangaroo bonds. FLOW OF FUNDS The non-government bonds increased significantly while the Treasury bonds declined. The Flow of funds represented by the non-government bonds, State Government and Commonwealth Government. The importance of bonds credibly increased since 1990 and the Commonwealth Government maintained such level, which is not, exceeded more than 60 billion dollars. The bond category increased since the bonds between money market securities and shares with strong guarantee, though it provides lower yield. Hence the flow of funds in the Australia rapidly increased with the cause of issue of bond securities. Since the investors seeking to avoid the losses of share prices, they shifted their platform to the bonds category. CONCLUSION Since the Australian government maintaining such policy not to issue more than $50 billion, it is inevitable to the other institutions to issue the bonds to get the funds. The domestic market is not having such funds, naturally the financial institutions, banks and other companies started to get the funds through offshore markets by issuing of funds. Due to increase of role by the non-government sector, the government bond out standings fallen as the budget surpluses available to both Central and State Governments. Consequently the role of non-government bonds has increased to become large segment in the Australian bond market.

Essay on the Manipulation of Polonius and Ophelia in Hamlet

The Manipulation of Polonius and Ophelia in Hamlet  Ã‚        Ã‚   The main plot of Shakespeare's Hamlet centers around Prince Hamlet's desire to repay King Claudius for his evil deeds. Around this central action revolve the stories concerning the minor characters of Polonius and Ophelia. Though they do not motivate Hamlet's actions towards the King, these characters act as forces upon Hamlet himself, trying to spur him to do things he does not want to do. Both Polonius and Ophelia try, unsuccessfully, to manipulate Hamlet into a place of inferiority.    In the first scene of Act II, Polonius and Ophelia discuss the meaning of Hamlet's odd behavior. Though the two characters agree his actions arise out of the torment of spurned love, they arrive at that point through very different means. At the beginning of the dialogue, Ophelia says that she has been "affrighted" by Hamlet in her bed chamber. (II,i 75) Her encounter with the Prince left her scared about his real intentions. She says that he looks like he has been,"loosed out of hell/To speak of horrors". (II,i 83-4) The very fact that Hamlet does not speak one word to Ophelia makes him look even more intimidating. By not speaking anything, Hamlet at once strengthens his image as a madman, as well as shrouding his real intentions towards those around him. Just following this passage comes a place in the text where we can see how the character of Ophelia has been manipulated by Polonius. After his "hint" that he might be doing this out of frustrated love, Ophelia says that that is wh at she truly does fear. (87) Her feelings of pity and concern are shaped by her father in order to fit his case of madness against Hamlet.    To further strengthen this situation, Polonius'... ...f the situation before he enters it, while Polonius and Ophelia must try to understand events as, or after they happen.    Works Cited Bradley, A.C. "Shakespeare's Tragic Period--Hamlet." Shakespearean Tragedy: Lectures on Hamlet, Othello, King Lear, and Macbeth. Toronto: MacMillan, 1967. 79-174. Campbell, Lily B. Collected Papers Of Lily Campbell. NY: Russell, 1968. Lidz, Theodore.   Hamlet's Enemy: Madness and Myth in Hamlet.   Vision Press, 1975. MacKenzie, Agnes Mure.   The Women in Shakespeare's Plays.   London: William Heinemann Ltd., 1924. Northrop, Frye. "Hamlet." Northrop Frye on Shakespeare. Ed. Robert Sandler. New Haven: Yale University Press, 1986. 82-100. Oakes, Elizabeth. "Polonius, the Man behind the Arras: A Jungian Study." New Essays on Hamlet. Ed. Mark Thornton Burnett and John Manning. NY: AMS Press, 1994. 103-112.      

Marketing Research Proposal Sample Essay

Introduction: Indian fruit Juice market is an unorganized and newly developing market. Only recently this sector is getting more organized and attracting more players in the market. Though the unorganized corner shop vendors dominate this market, Indian consumers are moving towards branded fruit Juice because of their improvement in health consciousness. Indian fruit Juice market is having a net-worth of 275 crores as of now and increasing at a rate of 35% to per year. This study was conducted to identify the existing market structure, industry trends, existing players and their tatus in the market, growth possibilities and consumer behavior of existing fruit juice consumers. The study was conducted to understand the total market intelligence so that it can guide any new entrant in this sector in Indian market would get befitted. The study includes both primary and secondary research. Primary research was conducted across India. Primary research involves collecting information from both consumers and retailers so as to get better understanding about the market. This research report can serve as a guide for any new entrant who wants to enter in this fruit Juice market in India. The report can also serve as a basic industry information resource. (http://www. reportbuyer. com/food_drink/country_overviews_food/ indian_fruit_]uice_market. html) Problem statement: Which factors influence the consumer purchasing decision for fruit drinks. Objective * To determine the product attributes influencing purchase decision of fruit drink brands. * To determine the reasons for consuming various fruit drink brands. To determine the most preferred SKU(quantity) in fruit drink category. * To determine the most preferred channel in the fruit drink category. * To determine most preferred fruit drink SCOPE * Study will be carried across different areas of Ahmedabad city. * People of different age groups will be considered in the Study. Study is concentrated on Carbonated and Non-Carbonated fruit drinks.

Does Violent Video Games Cause Violent Behavior - 1274 Words

Does Violent Video Games Cause Agressive Behavior in Teens? Ryan Bia Arizona State University Abstract Violence is ubiquitous in today’s modern society and we are constantly exposed to it through the media, movies and through video games. It is not uncommon to go visit a home in the United States and find a video game console in the home along with mature video games. Video games started off just as entertainment that had meager violence but as time progressed the graphics have improved and the genre has expanded. There is a range of video games that are available to the public and some video games are educational and actually improve cognitive activity. But there are also video games that are very violent and are controversial. The question is â€Å"Does violent video games cause violent/aggressive behavior in today’s teens?† Does Violent Video Games Cause Aggressive Behavior in Teens? Numerous studies have been done on whether violent video games affect an individual to become more aggressive and mentally unstable. Violence is ubiquitous in today’s modern society and we are constantly exposed to violence through the media, movies and video games. Video games have been around since the 1970’s when Atari first introduced the game called Pong. Pong was a simple and non-violent game that caused no major concern from the public. Then in the 1980’s there was some controversy when Pac –man was released because of the violence. Then in the 1990’s the graphicsShow MoreRelatedDo Video Games Inspire Violent Behavior?1713 Words   |  7 Pageseffects of violent video games and the development of today’s youth. Many people believe that the violence in video games promotes aggression. According to Doctor Brad Bushman’s article, Do Violent Video Games Increase Aggressi on? he claims that violent video games leads to aggression because it is interactive process that teaches and rewards violent behavior. Yet others believe that this not the case. Gregg Toppo of the Scientific American, writes in his article, â€Å"Do Video Games Inspire Violent BehaviorRead MoreVideo Game : Video Games1584 Words   |  7 Pagesthe violent video games that are commonly played by boys and girls, young and old alike in today’s society. Many experts fear that this violence in video games increases violence in people in real life, causing people to act out as if they were in the video game, increasing aggressive behavior so much that it could actually escalate to shooting, stabbing, and killing people. There have already been many cases of these extreme examples of violence in the news that share a connection with video gamesRead MoreDo Violent Video Games Promote Teen Aggression and Violence? 670 Words   |  3 Pagesteenagers playing video games and how it af fects the youth mentally. Heavy consumption of violence video games does indeed stimulate a change reaction in the brain waves, but there is no hard evidence stating that those changes causes teenagers to act aggressively and violently. On the contrary, it is a popular beliefs that violence video games does indeed causes teenagers to displayed unpleasant behaviors and actions because that is what they learned and observed from the games. Therefore, parentsRead MoreThe Pros And Cons Of Violent Video Games1534 Words   |  7 Pagescreation of violent video games. But, we can prevent the distribution of these disturbing games to children, where their effects can be negative.† (Kohl, Herb). Violent video games have been blamed for children poor school performance, mental development, and aggressive behavior; there are many studies conducted by different psychologists and experts in the area, and they came up with different results. Most people and studies believe that children a re the primary victim of violent video games, and peopleRead MoreSynthesis Essay Do Violent Video Games Cause Aggressive Behavior?1697 Words   |  7 PagesViolent Video Games Made Me Do It School shootings years ago in Paducah, Kentucky; Jonesboro, Arkansas; and Littleton Colorado, have raised the question time and time again. Do violent video games have an influence on children and their aggressive behavior? In all three of these brutal shootings, all the shooters were students who habitually played violent video games. The Columbine High School students who murdered thirteen and wounded twenty-three in Littleton before committing suicide after theRead MoreViolent Behavior : The Contributors1706 Words   |  7 PagesTriggering Violent Behavior: the Contributors Violence can be everywhere but what may actually trigger violent behaviors is difficult to figure out. Many believe violent behavior is triggered by a certain outcome. Although this may be true, violent behavior can be triggered by a combination of factors. Media, Chemicals, and even society are all known as factors that can influence one to become violent. Forms of violent behavior include aggression, aggravation, and/or frustration. Aggression isRead MoreEssay on Do Video Games Cause Behavior Problem1448 Words   |  6 PagesMr. Osso March 9, 2011 Do Video Games Cause Behavior Problems? Video games do cause aggression. The most games that cause aggression is games rating with M for mature games. About 90 percent of U.S kids from ages 8 to 17 play video games usually show more aggression after play a violent video games. Everyday odds are you are going to have more aggression while playing a violent video game with the Rating M for mature or higher. Even though video games are a big part in teens. Some parentsRead MorePositive Effects Of Violent Video Games1161 Words   |  5 PagesViolent video games have been a popular pass time for American teenagers ever since the first ones were released. The most popular of these games are Grand Theft Auto, Call of Duty, Mortal Kombat, and Doom. It has become a popular belief that these games are directly linked to violent behaviors in our youth. Numerous scholars have set out to determine the validity of these assumptions through vast surveys and studies in America. All of these scholars share the belief that violent vid eo gamesRead MoreThe Effects Of Violent Video Games On Children And Adolescents Essay1325 Words   |  6 PagesOne of the hottest issues in the media in the past decade is violence in video games and how violent video games influence aggressive and violent behavior in children and adolescents. Some psychologists believe violent video games influence violent behavior in children through social learning and modeling behaviors after characters in video games that â€Å"glorify† violence and criminals (Schultz Schultz, 2013, p. 331). Other psychologists argue that other factors, such as poor socioeconomic statusRead MoreConnections between Video Games and Violence600 Words   |  3 PagesConnections between Video Games and Violence Many of the young people of today’s generation have played video games; whether it is Candy Crush, Flappy Bird, Mario, Sonic, Call of Duty, Minecraft, or Skyrim. Almost every electronic device is capable of running games. As advancement in technology increases, the video game industry will also advance. More and more of the next generations are bound to be affiliated with video games. There is a debate whether video games cause people to be violent, especially