The Adventures of Huckleberry Finn Essay Essay Example for Free

The Adventures of Huckleberry Finn Essay Essay In the novel, The Adventures of Huckleberry Finn, Huck faces many obstacles running away from his dad because he is accompanied by Jim, who is a run away nigger. While on their cruise they encounter a â€Å"duke† and a â€Å"king,† who only seem to bring them even more trouble, and later Huck meets his long time friend Tom. Throughout the whole story Huck faces different inner arguments over how things should be done to overcome a problem. One of them is when Huck leaves to the little village around Pikesville with the duke. He later returns to the raft to take off but he notices that Jim is no where to be found. Huck finds a boy around the area and the boy explains that some guy named Phelps has found a run away nigger (which is Jim) and plans on returning it for the cash reward. Later Huck gets into a big fuss about if it’s best for him to tell Miss Watson about where Jim is located. Huck evaluates the situation and determines that if he does write to Miss Watson, Jim would benefit in the way that he would rather be a slave at home close to his family than become a slave at Pikesville; but Huck would also be relieved of his sin of doing something wicked from the beginning and not ending up in the everlasting fire but clearing his conscious to the point were God will forgive him. Huck is appealing to pathos by expressing his thoughts when he says, â€Å" I was letting on to give up sin, but away inside of me I was holding on to the biggest one of all. † (Pg.190) In this phrase Huck reveals that he knows that he was doing wrong all along and was willing to give it up but his sin was more within him. His conscious was telling him he must do the right thing aside from what he thought was fair. Though if he does tell Miss Watson where Jim there may be some consequences. First of all, Miss Watson may be mad at Jim for running away and end up selling him or she might keep him but everyone would despite him for what he did. Secondly, Jim described Huck as his only friend who had saved him from some white men by telling them about smallpox. This may cause the friendship to brake and hatred to arise between them. Lastly, Huck would be looked upon disgrace for helping a nigger run away from his owner. This side of Huck is appealing to ethos by expressing, â€Å"That’s just the way: a person does a low-down thing, and then he don’t want to take no consequences of it. Thinks as long as he can hide, it ain’t no disgrace. †(Pg. 189) This shows how Huck is credible by explaining that doing something wrong is nothing to be proud of and hiding it isn’t going to take the wrongness from it. The argument is effective because it is a very important situation in the novel. It’s a turning point on how the story takes Huck on â€Å"stealing† the nigger again. Huck then decides it is best to not tell Miss Watson but for him to take his own action on setting him free again. Even though Huck understands the other point of view he sees, he determines that it is much better to lay low and not tell anyone. The side of Huck that says he shouldn’t announce where Jim is been kept is been more rational because he explains how Jim and him wouldn’t benefit in the long run and just defame themselves. The effect over the argument is that Huck decides to find a plan to set free Jim for them to run away together once again. Another inner self argument is brought upon when the king and the duke put on a â€Å"show† to the little town in Arkansaw and get $465. This causes the uneasiness of Jim and Huck. Huck then tries to find a way to get rid of the duke and king and confess to the town’s people that they are frauds. Once again, Huck gets stuck on what would be the right way to tell on these guys. If Huck decides to tell on the duke/king he will leave happiness to the town’s people by not letting them be fooled any longer and getting them arrested for Huck and Jim to leave in peace. Huck could also steal the money from them and give it back to Mary Jane and leading them on to stay and try to get the remaining money for them not to leave empty handed as said in page 158, â€Å"They’ve got a good thing here, and they ain’t a-going to leave till they’ve played this family and this town for all they’re worth. † From this phrase we can see Huck appealing to logos because he is been critical to how the men are going to react if he would steal the money from them. In the controversy, if Huck decides to tell the doctor or Mary Jane about the situation the outcome may not be the best. If Huck tells the doctor the king or the duke could ask who told him and the doctor would blame Huck and the frauds would hate him for it and cause even more problems. Now if he were to tell Mary Jane the frauds would suspect something and leave with the money and even if Mary Jane asked for help Huck would be involved in this mess. Huck is in this hand, appealing to ethos when he says, â€Å"Her face would give them a hint, sure; they’ve got the money, and they’d slide right out and get away with it,† showing how it’s reasonable that when your about to get caught with something people tempt to run away to get away with things because they know it’s not right. The argument is effective because Huck is been reasonable by knowing that the best thing to do is to bust these thief’s and not cause more pain to the family of Mary Jane. Huck see’s both points of views in order to work things right; enough to get the frauds arrested and not causing himself any trouble. The effect of the argument is that he tells Mary Jane the truth and plans out a way for the duke/king to get caught and Jim and him to leave without no fault. Mark Twains overall argument is that society has based things from right and wrong, but sometimes what’s right may not always be right but wrong. It’s this Right vs. Wrong kind of theme, were right is wrong and wrong is right in some cases. For example, it is bad in Huck’s society to be friends with a Negro but it is right to be friends with Jim because race shouldn’t matter since we are all equal. Another example provided in the novel was when it was said to be right to turn in Jim to her owner, Miss Watson, but it is bad to do so because every man deserves to be free. In this novel Huck is been attacked with many issues such as racism, friendship, war, religion, equality, freedom, and determination. Every decision made was a struggle between Hucks mind on what was best to be done over a conflict.

The Causes of World War II Essay -- American History, World War Two, p

From the Treaty of Versailles, to the rise of Hitler, and the failure of the League of Nations, there were many causes that lead up to World War II. World War I left Germany with many shortfalls, thus leaving them in the hands of the Treaty of Versailles. Rather unfair of a Treaty, this left Germany once again looking for another way out. A country resented by many had no other choice but to feel optimistic toward Adolph Hitlers empty promises†¦ making it substantially simple for him to gain power so quick. Throw in the Great Depression, and you have a vastly unstable world, which the Germans believed Hitler would lead them out of. After World War One, Germany was thrown into downward spiral. They were left with a monstrous amount of unemployed people, and they were still unhappy about being the scapegoat of World War One, thus according to the Treaty of Versailles. Looking for a way to rebuild, Hitler came in at a perfect time. Adolph Hitler made them many promises, ensuring them that in believing in him, Germany would be great once again. One of his many promises was that he would stimulate employment. To do this, he promised that he would employ the unemployed, by giving them jobs building roads, stadiums, etc. Hitler promised the middle class he would reinstate small business profits, and communist threat. He also promises farmers the reimbursement for their losses during the Great Depression, by raising the prices of their produce. Another one of Hitlers many promises was that he would destroy the Treaty of Versailles. The Treaty of Versailles basically blamed Germany for everything, stating that Germany accepted the guilt in causing the war. Germany signed under protest. It stated that Germany was to pay for the reparat... ... They weren't allowed any more than 100,000 men in their army, they were only entitled to keep six battleships, they were not to create and kind of powerful aircraft. The Germans believed this was only to keep them weak. Enter Hitler, and his obliterating the Treaty of Versailles. He led Germany in rearming in 1933, and Hitler proclaimed they would be ready for war by 1940. Hitler basically destroyed the Treaty of Versailles by 1939, and thus World War II began with the invasion of Poland. All in all, there were many events and a vast amount of problems that ignited World War II. It's amazing how so many different aspects can all snowball into having the same motive of causing a world war. With so many powerful individuals all wanting something different (peace, power), it was just a recipe for disaster. Evidently, a nation under stress isn't a sound nation at all.

Jetblue

Learning objectives 1. institutional aspects of equity issuance transaction 2. costs and benefits associated with public share offerings 3. develop a deeper appreciation for challenges of valuing unseasoned firms and enhance corporate valuation skills KEY QUESTIONS FOR CONISDERATION 1)What are the advantages and disadvantages of going public? 2)What different approaches can be used to value JetBlue’s shares? 3)At what price would you recommend that JetBlue offer their shares? Potential Questions to be addressed in report submission * What is an Initial Public Offering and why is it such a big deal? Is going public, particularly at the time they did, a good idea for JetBlue? * What do you believe JetBlue stock is really worth? * Does the financial forecast in case Exhibit 13 seem reasonable? * What are the key assumptions in the IPO valuation? * Is the length of the forecast period within the IPO valuation (exhibit 13) reasonable? * What discount rate is appropriate for the cas h flow forecast? * How would you suggest estimating the terminal value? What assumptions have you made? How have your assumptions affected the estimated value of JetBlue shares? IntroductionAfter the terrorist attacks on September 11, 2001, it was upset deeply because of the safety for the airline industry in the United States. The passenger demand suddenly reduced and many flights cancelled afterwards, which led a lot of American airlines declared bankruptcy afterwards, including US Airways and United Airlines. It was a challenging time for airline industry, however, David Neeleman, the CEO and Founder of JetBlue Airways, discovered an opportunity for the company. Barely two years after its foundation, the company decided to raise additional capital through initial public offering (IPO).This report is aimed to apply financial theories and concepts into analyse the real case study of JetBlue Airline. Firstly, the background of JetBlue will be introduced briefly. Also, the advantages and disadvantages of going public for JetBlue will be discussed in the following pages. In addition, the share valuation of JetBlue IPO will be estimated based on several assumptions. Last but not least, the recommendation will be provided in the last past of this report. Background JetBlue was founded by David Neeleman in 1999, which looked to fulfil the purpose of â€Å"humanity back to air travel†.By following the low-cost model of Southwest Airlines, JetBlue pursued to offer passengers an enjoyable flying experience by providing in-flight entertainment, comfortable room and high-quality customer service. In addition, in order to organise a strong and experienced working team, Neeleman employed several skilled senior managers, comprising of David Barger who was a former vice president of Continental Airlines to be president and COO and John Owen who was executive vice president and former treasurer of Southwest Airlines to be CFO in JetBlue.Moreover, as the founder of Jet Blue, Neeleman have own extensive experience with airline start-ups from managing low-fare flights during university period. Based on the explicit marketing strategy of JetBlue, barely less than one year, the company increased the routes to other cities in America and it continued to grow rapidly to 17 destinations in early 2002.And not only that, JetBlue adopted the active measures to increase expenditures for security by setting up equip cockpits with bulletproof doors and security cameras, which enhanced the confidence of US residences to take flights under the circumstance of few people was afraid of flying after September 11 hijackings. Advantages and disadvantages of going public Refer to Bodie, Kane and Marcus (2011), initial public offerings are stocks issued by a formerly privately owned company that is going public, which means that selling stock to the public for the first time.According to Rothberg, the following table are shown some advantages and disadvantages of going public. Pros| Cons| Potentially large bonuses for business owners| High explicit cost – roughly 7% of the funds raised| Ability to raise additional capital rapidly in the future| Pressure to meet investor expectations| Attraction and retention for the valuable talents| Less control on make business decisions – decisions should be based on the interest of shareholders and investors other than owners themselves| Easy to sell ownership shares when owners exit business or retire| Reporting disclosure on regular basis| Access to capital markets| |In relation to this case, JetBlue aimed to raise additional capital through an IPO in order to support company’s growth and offset portfolio losses by investors. Moreover, according to John Owen, JetBlue had prepared the initial registration statement with security and exchange commission (SEC) for the IPO on September 11, 2001. However, based on the September 11 attacks, they delayed IPO before it came into force. In fact, not only the terrorist attacks on September 11, 2001, but several events happened negatively affected the global economy during the period of going public for JetBlue.For example, the contagion of bird flu was quite severe during taking flights, which definitely influenced the demand of flights. The increasing oil price also raised the basic cost in any transportation industry. Another negative condition could be the economic downturn, including crash of the dot-com bubble and financial crisis in Asia. From this point of view, it seemed not to be an appropriate time to going public. However, faced with the weak financial markets, JetBlue measured the targeted strategies and made success in profitable operations.And IPO market is never dead for good company with real revenues and real earnings just like JetBlue. It then turned out that it was a suitable time for JetBlue to IPO during the economic downturn though. JetBlue’s shares valuation There are various methods to value s hares for a company, including free cash flow to equity (FCFE) method discounted by WACC, free cash flow to firm (FCFF) method discounted by cost of equity, dividend discount model and relative valuation techniques. Since JetBlue had not paid out any dividends on common stock, dividend discount model cannot be used to estimate company share value.In addition, FCFF method do not consider the effect of interest payment, however, as mentioned in the case, the Federal Reserve had attempted to stimulate economic activity by reducing interest rates. Therefore, from my point of view, it was more appropriate to value JetBlue share by FCFE method to consider the consequences of interest rate. The assumptions are made for evaluate JetBlue share value as follows. The long-run growth rate was expected to be 7% annually. And the company would have survived and would be a typical firm with an estimated cost of equity of 15% in 2010.Last but not least, the appropriate discount rate was assumed to be 30%. Additionally, there was a quite weird number disappeared in the Exhibit 13, which was the expected inflation rate was 4 times in 2002 than other years. After changing it back to the normal, the share value then could be calculated to be around $24. 60 per share. (Appendix 1) Recommendation Based on the assumptions, the calculated consequence is identical to the initial offering prices which ranged from initial price to implemented offering price ($24 to $25).Faced with sizable excess demand to potential investors, JetBlue took the appropriate measure to increase share value in order to avoid â€Å"money leave on the table†. In the long run, I believe that JetBlue will still grow at a stable stage as the innovative spirit and seasonable measures to the different types of events. Therefore, JetBlue’s stock was worth for the potential and incoming investors. We prepared to retristrict initial registration with SEC for the IPO on September 11, 2001. Based on the ev ent of that morning, we didnot .We waited until stock market settled down. We returned the profitability in November and December. We started to issue IPO gain in Christmas time. Obviously, we modified the document a bit. High growth, low cost profitable airline has rebounded substantially in the market place. It was a very good stands to do the IPO for JetBlue. Even though it was 2002, the IPO market was pretty much dead, the IPO market is never dead for good company with real revenues and real earnings. So we were confident even a small amount of – John Owen registration statement with underwritersFCFF we do not consider the effect of interest payment 1) In FCFF, we use EBIT (1-t) whereas in FCFE, we use Net Income; this is because while using EBIT (1-t) in FCFF we do not consider the effect of interest payment as mentioned above. 2) IN FCFE, we use Change in Non- Cash Working Capital*(1-D) – Capital expenditure*(1-D) whereas in FCFF we use Change in Non-Cash Working Capital – Capital Expenditure; this is because we just want to concentrate on cash flow due to equity only. Reference Bodie Z. , Kane, A. , & Marcus, A. J. (2011).Investments (9th ed. ). New York: McGraw-Hill Rothberg F. The Pros and Cons of Going Public. Retrieved from http://www. cfoedge. com/resources/articles/cfo-edge-the-pros-and-cons-of-going-public. pdf Appendix (Appendix 1: Share valuation of JetBlue Airways) ——————————————– [ 1 ]. Bodie Z. , Kane, A. , & Marcus, A. J. (2011). Investments (9th ed. ). New York: McGraw-Hill [ 2 ]. Rothberg F. The Pros and Cons of Going Public. Retrieved from http://www. cfoedge. com/resources/articles/cfo-edge-the-pros-and-cons-of-going-public. pdf

The Debate On College Tuition Essay - 951 Words

The Debate on College Tuition In our country, several young students in pursuit of a higher education, must work overtime at the local McDonalds, flipping burgers, to pay for their college tuition; while trying to juggle school work and study time during their limited free time. Meanwhile these students live in a country who has buried itself trillions in debt with no end in sight. Sadly, this is the environment that sets up the impassioned debate on whether college tuition should be free in our country. In terms of the free college tuition argument, those in favor of free college tuition focus on the benefits of a more accessible higher education; whereas those in opposition point out the issues a free college will cause a financially strained nation. Free college supporters often point out that United States can afford to pay the tuition for every student. Preston Smith and Sharon Szymanski argue in their article, â€Å"Why Political Scientist Should Support Free Public Higher Education†, â€Å"Free tuition at all public colleges†¦is economically feasible.† Smith and Szymanski go on to state, â€Å"tuitions and fees at all four-year and two year degrees†¦totaled just over 59 billion dollars, only 5.6% of our federal budget† (Smith, Szymanski). Smith and Szymanski are pointing out that college tuition is not a huge sum compared to other government programs like the military’s 396 billion budget, and with proper accounting free college tuition is perfectly possible. The second point offeredShow MoreRelatedCollege Tuition : The Debate Negotiation1950 Words   |  8 PagesAs college tuition continues to rise, the debate negotiation increases. Each year, students and parents dive into the college search process, comparing schools and costs, loans and scholarships, questioning, is a college degree worth the cost? Well, yes, it most definitely is. 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