enumerated powers‚ reserved powers‚ and concurrent power. Enumerated powers are only powers for the National government. Reserved powers are powers only for the state government. Concurrent powers are powers for both state and national Government. This separation of powers was due to the people making sure that no one had more authority than others. This took away some responsibilities but it also gave states the chance deal with their needs the way that they wanted. The Enumerated powers belonged only
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independently interact between themselves. This is what is known as the theory of separation of powers. ORIGIN OF S.O.P.- ARISTOTLE Its origin can be traced back to Aristotle‚ the father of Political Science. Of course he did not discuss the issue in great details. He only analysed the functions of the three branches of government‚ the deliberative‚ executive and the judiciary without suggesting their separation. JOHN LOCKE’S THEORY John Locke was one of the eighteenth century philosophers to
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Separaration of Powers The purpose of this paper is to discuss the Separation of Powers doctrine built into the Constitution. Discussion will cover the origins of the doctrine‚ the factors that made it attractive to the founding fathers‚ and the question of its usefulness in modern America. Political theorists as far back as Aristotle had discussed the merits of various forms of government. The point had been made over and over again that to have all governmental authority vested in a single
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Types of conflict in ‘A Separation’ 1) Simin - Internal Conflict – Wants to leave Iran with her daughter. - Tries to divorce Nader Termeh - She creates conflict in her daughter’s life by forcing her to choose a parent. - Class conflict - Conflict with Azam (Raziehs Sister) who blames Simin for her sister’s predicament - Conflict with society – ostracised as a women seeking divorce in Iran (Theocratic) - Questioning/Doubting her abilities as a mother 2) Nader - Torn between his ‘love’ for Simin
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rather not work for a manager that decided to embarrass the young girls in front of everyone instead of addressing them privately‚ so he quits. The bold step that he takes is part of his initiation into adulthood. Updike develops the initiation through the story and it becomes the central theme. The theme of initiation can be very broad and viewed in many different perspectives. The teenage boy in the story could be seen as being initiated into the adult world. I can remember many times in my own life
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Returns 1 RETURNS Prices and returns Let Pt be the price of an asset at time t. Assuming no dividends the net return is Pt Pt − Pt−1 −1= Rt = Pt−1 Pt−1 The simple gross return is Pt = 1 + Rt Pt−1 Returns 2 Example: If Pt−1 = 2 and Pt = 2.1 then 2.1 Pt 1 + Rt = = = 1.05 and Rt = 0.05 Pt−1 2 Returns 3 The gross return over k periods (t − k to t) is 1 + Rt (k) := Pt−1 Pt−k+1 Pt Pt ··· = Pt−k Pt−1 Pt−2 Pt−k = (1 + Rt ) · · · (1 + Rt−k+1 ) Returns are • scale-free‚ meaning that they do not depend
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an investor. b. the expected return on a risky asset. c. the expected return on a collection of risky assets. d. the variance of returns for a risky asset. e. the standard deviation of returns for a collection of risky assets. PORTFOLIO WEIGHTS 2. The percentage of a portfolio’s total value invested in a particular asset is called that asset’s: a. portfolio return. b. portfolio weight. c. portfolio risk. d. rate of return. e. investment value.
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Risk and Return: Portfolio Theory and Asset Pricing Models Portfolio Theory Capital Asset Pricing Model (CAPM) Efficient frontier Capital Market Line (CML) Security Market Line (SML) Beta calculation Arbitrage pricing theory Fama-French 3-factor model Portfolio Theory • Suppose Asset A has an expected return of 10 percent and a standard deviation of 20 percent. Asset B has an expected return of 16 percent and a standard deviation of 40 percent. If the correlation between A and B is 0.6
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MODELLING ABNORMAL RETURN: A REVIEW ARTICLE Oleh Norman Strong Overview Paper ini memberikan panduan untuk metodologi event study dan menguraikan prosedur pemodelan return abnormal dan masalah yang terkait. Event Study Event study adalah nama yang diberikan pada penelitian empiris atas hubungan antara harga sekuritas dengan kejadian ekonomi (economic events). Kebanyakan event study memfokuskan pada perilaku harga saham dalam rangka untuk menguji apakah perilaku stokastik mereka dipengaruhi oleh pengungkapan
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Separation exists between society and the penal system‚ and due to this‚ there is a grave lack of knowledge of what is happening in prisons and how we can improve the situation we currently have in regards to the prison system. There are major flaws within the penal system‚ and Angela Davis highlighted a main one in secrecy. We know based off of research that our prison population commonly consists of individuals who struggle academically (Petersilia‚ 2003‚ pg 32). Because of this lack of strong
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