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Guidone 1 Throughout time Shakespeare has influenced society in many ways. He has been a great inspiration to literature, plays, painters, movies and language. Many of his plays and poems have been required as a part of liberal education. His idea’s on such subjects as heroism, romantic love, and the nature of tragedy have shaped the attitudes of millions of people and influenced their thinking.   Ã‚  Ã‚  Ã‚  Ã‚  Shakespeare contributed greatly to the English speaking language. Many phrases and words from Shakespeare’s poems and plays have become apart of our everyday speech. Millions of people that use his words or phrases are unaware they are created by him. Some common words he has invented are assassination, bump, eventful, and disgraceful conduct. Shakespeare introduced almost 3,000 words into the Oxford English Dictionary. There are over 1700 common words of Shakespeare origin in our everyday vocabulary. The most rapid growth of vocabulary in the recorded history of language was the period of Shakespeare. Due to his inventiveness and creative word play he has had the greatest impact on our daily vocabulary. Many people quote Shakespeare almost everyday without knowing it. If a person doesn’t understand my argument and the one party state’s â€Å"It’s Greek to me†, or if someone has ever â€Å"Refused to budge an inch†, they a re quoting excerpts of Shakespeare. Many people re-sight lines from Shakespeare’s plays without even reading them. One of the most famous lines is â€Å"To be or not to be.† He experimented with all sorts of words and phrases to create vivid pictures in the mind. Shakespeare helped shape many English speaking countries. He often invented and changed words around. Some of Shakespeare’s words may be confusing or unfamiliar to Guidone 2 many of the modern readers. However, many of the words he had employed are no longer being used.   Ã‚  Ã‚  Ã‚  Ã‚  Since Shakespeare’s death he has influenced every generation of writers, painters and still has some impact on contemporary plays. Many rhetoric devices were used in his work, that writers are often using now. Some familiar ones are alliteration, which is the same sound being repeated in a line or group of lines and repetition, which is when something repeats itself. He often used a lot of imagery, which many writers found useful. With imagery writers were able to create excitement. Shakespeare’s Macbeth was one of the famous and brilliant examples of imagery. There are many paintings from Macbeth that have been done by some of the best artist.

A Time Series Analysis of the Adjusted Closing Stock Prices

Table of Contents 1. ?Introduction 2. ?literature review 3. ?Introduction 4. ?Methodology INTRODUCTION Google Inc. is an American multinational corporation which provides Internet-related products and services, including Internet search, cloud computing, software and advertising technologies. The company was founded by Larry Page and Sergey Brin while both attended Stanford University. Google was first incorporated as a privately held company on September  4, 1998, and its initial public offering followed on August  19, 2004. The company is now listed on the NASDAQ stock exchange under the ticker symbol .The company's mission statement from the outset was â€Å"to organize the world's information and make it universally accessible and useful†, and the company's unofficial slogan is â€Å"Don’t be evil†. In 2006, the company moved to its current headquarters in Mountain View, California. Objectives 1. To fit a multiple regression model to a data set comprising the put, call and strike prices of a stock belonging to a company listed on a known index. 2. To use the BSM Model to which provides a mathematical science for the pricing and hedging of European Call and Put options as the American Options market 3.We wanted to analyze the data for Google option prices from the S;P index over the past and present time periods in order to be able to forecast the future. Literature Review 1. Put call parity In financial mathematics, put–call parity defines a relationship between the price of a European call option and European put option in a frictionless market —both with the identical strike price and expiry, and the underlying being a liquid asset. In the absence of liquidity, the existence of a forward contract suffices.Put–call parity requires minimal assumptions and thus does not require assumptions such as those of Black–Scholes or other commonly used financial models. 2. Black-Scholes Model The Black–Schole s model or Black–Scholes-Merton is a mathematical model of a financial market containing certain derivative investment instruments. From the model, one can deduce the Black–Scholes formula, which gives the price of European-style options. The formula led to a boom in options trading and legitimized scientifically the activities of the Chicago Board Options Exchange and other options markets around the world. t is widely used by options market participants Methodology The data being analyzed consisted of daily past prices of silver traded on the S;P index since 14th May to 22 September 2012. The group was required to obtain data sets containing put, call and strike prices the data set of option expiring in more than 30 days but less than 100 The data was obtained from marketwatch. com on 14th May 2012 copied to excel and imported to R, with the stock price at $605. 23. The group chose options expiring on 22th September 2012 for the 1st data set, with 94 days to expiry.A n average of the Bid and Ask prices of both the call and put options was then calculated as shown below. The values in the columns labeled â€Å"call†; â€Å"put â€Å"were calculated as an average of the corresponding Bid ; Ask call and put prices respectively. A number of statistical methods were applied to analyze the data on the R program. We first started by importing the data to the R program; below is a table showing the data. Strike | call| put| Strikesq| Adj Close| 295| 311. 75| 0. 45| 87025| 605. 23| 300| 306. 45| 0. 425| 90000| 613. 66| 305| 303. 1| 0. 45| 93025| 609. 15| 310| 297. 6| 0. 75| 96100| 612. 79| 315| 291. 4| 0. 5| 99225| 607. 55| 320| 286. 6| 0. 55| 102400| 596. 97| 325| 282. 75| 0. 6| 105625| 611. 02| 330| 277. 85| 0. 65| 108900| 607. 26| 335| 273. 4| 0. 775| 112225| 604. 43| 340| 266. 6| 0. 7| 115600| 604. 85| 345| 262. 1| 0. 75| 119025| 614. 98| 350| 256. 7| 0. 8| 122500| 615. 47| 355| 253. 3| 0. 875| 126025| 609. 72| 360| 248. 35| 0. 875| 129600| 601. 27| 365| 243. 45| 0. 925| 133225| 597. 6| 370| 237. 35| 1| 136900| 596. 06| 375| 232. 4| 1. 05| 140625| 599. 3| 380| 227. 45| 1. 05| 144400| 607. 45| 385| 222. 55| 1. 2| 148225| 609. 57| 390| 218. 85| 1. 325| 152100| 606. 7| 395| 212. 45| 1. 45| 156025| 624. 6| 400| 207. 9| 1. 525| 160000| 651. 01| 405| 202. 95| 1. 6| 164025| 635. 96| 410| 198. 15| 1. 65| 168100| 626. 86| 415| 193. 15| 1. 825| 172225| 630. 84| 420| 188. 4| 2. 025| 176400| 632. 32| 425| 183. 6| 2. 25| 180625| 635. 15| 430| 180| 2. 375| 184900| 642. 62| 435| 175. 25| 2. 55| 189225| 646. 92| 440| 170. 3| 2. 9| 193600| 641. 24| 445| 164. 6| 3. 025| 198025| 648. 41| 450| 160. 9| 3. 3| 202500| 655. 76| 455| 155. 15| 3. 55| 207025| 647. 02| 460| 150. 6| 3. 85| 211600| 649. 33| 465| 146. 8| 4. 05| 216225| 642. 59| 470| 141. 15| 4. 55| 220900| 646. 05| 75| 137. 65| 4. 95| 225625| 639. 98| 480| 132. 05| 5. 35| 230400| 633. 49| 485| 128. 5| 5. 8| 235225| 633. 98| 490| 123. 45| 6. 2| 240100| 625. 04| 495| 118. 65| 6. 75| 2 45025| 621. 13| 500| 114. 1| 7. 4| 250000| 615. 99| 505| 110. 75| 7. 95| 255025| 617. 78| 510| 105. 65| 8. 5| 260100| 605. 15| 515| 101. 35| 9. 45| 265225| 600. 25| 520| 98| 10. 25| 270400| 607. 14| 525| 93. 15| 11. 1| 275625| 606. 8| 530| 89. 55| 11. 95| 280900| 604. 96| 535| 85. 15| 13. 05| 286225| 614. 25| 540| 80. 6| 14. 15| 291600| 621. 25| 545| 76. 85| 15. 3| 297025| 622. 4| 550| 72. 9| 16. 35| 302500| 618. 25| 555| 69. 5| 17. | 308025| 618. 39| 560| 66. 05| 19. 2| 313600| 609. 31| 565| 62. 8| 20. 75| 319225| 609. 9| 570| 59. 15| 22. 45| 324900| 606. 11| 575| 56. 5| 24. 05| 330625| 607. 94| 580| 52. 75| 26| 336400| 614| 585| 49. 7| 27. 85| 342225| 604. 64| 590| 46. 7| 29. 6| 348100| 606. 52| 595| 43. 9| 31. 9| 354025| 605. 56| 600| 40. 95| 34. 35| 360000| 609. 76| 605| 38. 45| 36. 7| 366025| 612. 2| 610| 36. 1| 38. 85| 372100| 605. 91| 615| 33. 55| 41. 35| 378225| 611. 46| 620| 31. 05| 44. 15| 384400| 609. 85| 625| 29. 5| 46. 9| 390625| 606. 77| 630| 27. 35| 49. 75| 396900| 60 9. 09| 635| 25. 3| 52. 95| 403225| 596. 33| 40| 23. 2| 56| 409600| 585. 11| 645| 21. 6| 59. 2| 416025| 580. 83| 650| 19. 95| 62. 65| 422500| 580. 11| 655| 18. 6| 66. 15| 429025| 577. 69| 660| 16. 85| 70. 1| 435600| 579. 98| 665| 15. 6| 73. 95| 442225| 568. 1| 670| 14. 4| 77. 55| 448900| 569. 49| 675| 13. 3| 81. 35| 455625| 580. 93| 680| 12. 25| 85. 55| 462400| 585. 52| 685| 11. 05| 88. 25| 469225| 585. 99| 690| 10. 05| 93. 4| 476100| 639. 57| 695| 9. 55| 96. 45| 483025| 632. 91| 700| 8. 45| 102. 25| 490000| 628. 58| 705| 7. 75| 105. 25| 497025| 624. 99| 710| 7. 1| 110. 65| 504100| 629. 64| 715| 6. 75| 114. 75| 511225| 625. 96| 720| 5. 95| 119. 5| 518400| 623. 14| 725| 5. 65| 122. 65| 525625| 622. 46| 730| 5. 05| 128. 5| 532900| 650. 02| 735| 4. 55| 131. 95| 540225| 659. 01| 740| 4. 25| 137. 6| 547600| 668. 28| 745| 3. 95| 142. 35| 555025| 665. 41| 750| 3. 5| 147| 562500| 645. 9| 755| 3. 25| 151. 7| 570025| 642. 4| 760| 2. 975| 155. 95| 577600| 639. 7| 765| 2. 725| 161. 4| 585225| 64 0. 25| 770| 2. 525| 166. 45| 592900| 633. 14| 775| 2. 2| 169. 9| 600625| 629. 7| 780| 2. 125| 174. 75| 608400| 625. 82| 785| 1. 975| 180. 55| 616225| 630. 37| 790| 1. 775| 185. 45| 624100| 621. 83| 795| 1. 65| 190. 35| 632025| 625. 96| 800| 1. 525| 195. 15| 640000| 619. 4| 810| 1. 35| 205. 05| 656100| 618. 07| 820| 1. 175| 214. 95| 672400| 625. 63| 830| 0. 975| 224. 75| 688900| 625. 39| 840| 0. 825| 234. 95| 705600| 627. 42| 850| 0. 725| 244| 722500| 616. 05| 860| 0. 65| 254. 25| 739600| 623. 39| 870| 0. 525| 265| 756900| 623. 77| 880| 0. 475| 274. 55| 774400| 625. 65| 890| 0. 425| 284. 6| 792100| 620. 36| 900| 0. 375| 293. 45| 810000| 613. 77| 910| 0. 375| 304. 7| 828100| 599. 39| 920| 0. 3| 314. 45| 846400| 582. 93| 930| 0. 3| 323. 3| 864900| 588. 19| 940| 0. 275| 333. 25| 883600| 563| 950| 0. 25| 343. 25| 902500| 570. 11| 960| 0. 25| 353. 25| 921600| 580| 970| 0. 25| 363. 25| 940900| 580. 94| Fitting a Multiple regression Model From the results shown? 0=605. 997, ? 1=0. 995, ? 2= -0. 9979. The value of the stock at that point in time wasSt=605. 23. If significant, the estimate ? 2 was to be equated to -e-r (T-t) and the value for r equated. In this formula, T-t is the time to expiry of the options (94 days in our case) and r is the interest on a daily basis (short rate), which was then supposed to be annualized. Since all the estimates were significant, ? 2= -0. 9979=-e-r(94) r=-ln0. 997994=2. 236391*10-5 Annualizing r; r=2. 236391*10-5*250=0. 05592275=5. 2275%, which is the risk. The formula call(Ct)= 605. 997+0. 995put(Pt)-0. 9979(Strike(Kt)) was the model we used to derive values of call prices in relation to the multiple regression model. A plot of these call and strike options is shown below; If significant, the estimate ? 2 was to be equated to -e-r (T-t) and the value for r equated. In this formula, T-t is the time to expiry of the options (94 days in our case) and r is the interest on a daily basis (short rate), which was then supposed to be annuali zed. PROCEDURE FOR FITTING Finally we drew a graph of Call against Strike and this was the graph obtained.The code and resulting graph are shown below, GRAPH FOR CALL AGAINST STRIKE BSM MODEL METHODS To fit the BSM Model and generate theoretical call prices, we obtained and truncated historical data from finance. yahoo. com as shown in the column labeled ‘Adj. Close’ The code snapshot below created a function â€Å"BSM73† We then computed the BSM73 by using the given the data, annualized interest rate (r), stock price, strike price and days to maturity generates the theoretical call prices. The proposed model to be fitted to fit the regression model CtSt= ? 0+? 1KSt+? 2K2St+ ? t main purpose is so as to determine the values of ? ,? 1 ; ? 2 Procedure From the results shown, we get ? 0=1. 313950 , ? 1=-1. 959886, ? 2= 0. 001195. The value of the stock at that point in time was St=605. 23. PLOT BSM CALL PRICE (Yt) AGAINST STRIKE PRICES For data analysis conducted fo r September 2012 options with T-t=94 days and r=5. 922%, the proposed model can be used in option pricing. It can be concluded from the analysis that for options with a longer time to expiry and a smaller interest rate, the proposed model prices the options more accurately than the BSM model in the price ranges where most options are traded. TIME SERIES ANALYSISThe theoretical model for a time financial time series data is given by; Xt = Trend + ARMA + GARCH + WN Where WN is the white noise in the data. We assumed that the GARCH component is equal to 0 We proceeded to investigate whether indeed the data at hand had trend in it. We used the following tools in our investigation * Box plots * ACF * Histogram * Plotting the data Time series of the data. Summary of strike price data. Box plots ACF OF GARCH NOISE Code: ;y=log(strike) ; d=diff(y) ; garch=d^2 ; acf(garch,lag=100,main=†ACF of Garch Noise†) Histogram Code: hist(strike,main=†Histogram of ADJ Closing pricesâ⠂¬ )De-trending the data After having confirmed that the data contained linear trend, we proceeded to de-trend the data by; 1. Finding the natural logarithm of the data ;y=log(strike) 2. Differencing the data ;d=diff(y) We confirmed that the data the data was actually stationery at this point by using the following techniques; * Finding the ACF of the de-trended data and Plotting the de-trended data FIT ARMA (p, q) We found that an ARIMA (2, 2, 0) was the best model for our data FORECASTING We used the ARIMA (2,2,0) model to predict the adjusted closing share prices for the next 10 days:

Slavery and the U.S. government - 1268 Words

Back in the early to mid-1800s, one of the biggest issues was slave trade and the ownership of slaves. The United States was one of the last countries to still allow slavery and at the time, there was much debate as to whether or not slavery should still be allowed. As many people know, this issue was heavily debated over for many years, and eventually, became one of the sparks that started one of the biggest wars this nation has ever encountered. There was much debate at the time as to how the slave trade should be regulated; the southern states believed that slave trade should be decided by the states themselves, while the northern states believed that slave trade should be under federal regulation. As the debates grew more heated, parties began to form on both sides, and different compromises and legislations were passed in an attempt to help mollify one side or the other. Some of those being popular sovereignty as well as the Missouri Compromise; these attempts, however, were ult imately futile, as the civil war did eventually begin. Many events that occurred during this time were all overseen by the U.S. government in some way, whether it is through Congress or through the Supreme Court, and in these two areas, tensions also rose and people began to take sides. Some of the three biggest names in the government at this time were, Henry Clay, John Calhoun, and Daniel Webster; and all three of these men had ties in the issues and debates that were plaguing the governmentShow MoreRelatedThe Reparations to the Descendents of African American Slaves in the United States788 Words   |  4 PagesUnited States government were to support the reparations to the descendents of African American slaves it would be an admitting of their responsibility. This is an issue that the United States government does not want to bring back to the forefront. To them, slavery is an occurrence in history such as the Vietnam War, which is not easy to tell about without editing. What i s done is done, and bringing up possibilities of any type of reparation would stir up a negative outlook on government, even if tryingRead MoreHistorical Contridictions in Slavery1494 Words   |  6 PagesThe history of American Slavery has been recounted by many scholars, taking into account different perspectives. During the 1850’s an abolitionist movement began, gaining momentum to pass anti-slavery legislation. Slave owners concerned about the growing movement, decided to take the matter into their own hands and fight for their property rights. Now as historians look back and analyse slavery, many different ideologies are constituted. While the depiction of philosophy in history is a way to analyzingRead MoreU.s. Slavery Reparations972 Words   |  4 PagesStates history. These words have been the fuel behind slavery, inhuman treatment, and genocides. 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Many people would say yes withRead MoreThe Slavery Of African Americans1207 Words   |  5 PagesThere is no denying that the period of time where slavery was legal in America was a dark time that all wish was expunged from the nation’s history. Ever since the end of WWII came around and Japanese and victims of the Holocaust started to receive reparations for the ordeals then endeavored. This launched a proposal that the descendants of the enslaved people in the United States would be given some type of compensation. The form of compe nsation varies from individual monetary payments to land-basedRead MoreThe Annexation Of Texas And The United States928 Words   |  4 PagesIan Harmon U.S. History Dr. Anderson Due: 11/21/14 The Annexation of Texas The 1800’s were a time of growth and expansion in the United States. However, during the century following the civil war not everyone shared the same views. 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Marriott International Business Strategy Analysis

Abstract For nearly 88 years, Marriott International has been acknowledged as one of the most impressive hotel in the hospitality industry that offers thousands hotels, resorts, and conference centers. Through the years, the Marriott brands have evolved to provide styles of accommodations, ranging from the casual to the very elegant. Its mission is to provide the best possible lodging services experiences to customers across the United States and around the world. Marriott International success is built on its reputation. Marriott International employees have specific expectations and responsibilities that are required to be met on a regular basis; therefore, employees are tested on their values, beliefs, and judgments. Marriott understand in order for an employee to reach these expectations, management must be lead by example. This case study will illustrate the values Marriott Intentional used to guide their company toward achieving this goal of success. 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Persuasive Speech Outline - 2793 Words

Samples of Persuasive speech Outline SAMPLE 1 From the time we wake up in the morning to the moment we lay are head down at night, we are constantly making choices. Some take a conscious effort, some should, and some do not. Have you ever taken the time to really stop and think if you’re giving the correct amount of attention to the right choice? I’m here today to ask you to be more conscious of what you eat. I’m going to discuss health reasons, effect of food advertisements, reading food labels, and fad diets. Let’s start off by talking about America’s health crisis. I. Number one reason to be conscious of your eating habits is to watch out for your health. A. Obesity is the number two cause of preventable death†¦show more content†¦A. Stress, depression and anxiety levels can be reduced with regular physical activity. B. Persons that exercise regularly tend to be happier, have positive attitudes, and are more productive. (Indian Express) C. Many people have a more positive self-image and increased confidence. D. Boosts your mood. II. Consistent physical activity can help the way your body looks and feels. A. You can change your body shape by using weights with strength training exercises. B. Muscle tension that can build up is relieved when toning your muscles. C. Your sleep quality is greatly improved. D. Combined with proper nutrition, helps to control weight and prevent obesity which is a risk factor for many diseases. III. Overall health is improved and aids in preventing illness. A. Helps decrease your risk heart disease and stroke by improving cholesterol levels, blood flow and heart function. B. Blood pressure is better managed. C. Prevents bone loss and osteoporosis by promoting bone formation. D. Exercise is linked to a decrease in the risk of colon cancer, breast tumors, and other malignancies. IV. Top five reasons people don’t exercise. A. They hate exercise. (5) Something enjoyable can always be found. B. They don’t know how to exercise. (4) Many resources available to teach you about exercise. C. They’re too tired to exercise. (3) ExercisingShow MoreRelatedPersuasive Speech : Persuasive Outline2149 Words   |  9 PagesDyadic Persuasive Comprehensive Outline General Purpose: To persuade Specific Purpose: To persuade my audience how to be more successful as a college student. I. Introduction A. Attention Getter: How many of you have said that there are too many options? Whether you are talking about choosing a college, class selection once you get to college, or even something as simple as choosing what to eat for dinner tonight. 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Pro Death Penalty †Essay Free Essays

One main person involved was Susan Atkins an intelligent woman twisted by the ideas of Manson. She stabbed Sharon Tate, a pregnant actress, sixteen times, Sharon begged for mercy and Susan Atkins told her â€Å"there would be no compassion for her or her unborn bar, and after tasting the victim’s blood she used the blood to write the word â€Å"pig† on the front door and left. After she admitted to stabbing the pregnant actress in her 1971 court trial, she was sentenced to the death penalty. We will write a custom essay sample on Pro Death Penalty – Essay or any similar topic only for you Order Now BUT due to the Supreme Court decision in 1972 of abolishing the death penalty, Atkins was now In prison for life with POSSIBLE PAROLE! She Is now on the brink of death and has cost the state of California over 1. 4 million dollars alone in medical costs That’s doesn’t even include the 3. 5 million dollars it has took to care for her in prison for almost forty years! In total, this adds up to 5 million dollars The cost to keep the death penalty in California Is ninety million dollars. Right now California has 3,300 people in for a life sentence, this only adds up to the seventy five million dollars right now. But riddle me this with crime rates only moving up in these financially bad times do you want to run the risk of putting more in life in Jail? The costs here say. If we add one hundred people a year to the life In prison list It will only take seven years for the price of life penalties to be higher than the death penalty price! Now some people believe that sometimes the person that was accused didn’t even commit the crime and that that person is being killed for no reason, but with modern technology today there Is a very unlikely chance of mixing a person up with the convict. One of the easiest ways to find out If the defendant Is the killer Is by using DNA testing to see if their DNA matches the convicted person, also besides DNA routs can use finger prints to identify the killer. Now even the person convicted isn’t the killer there has been in the last few years a average waiting time on death row of 12 and 1/2 years with some men walling up to 25 years, that give the defendant and the government more than enough time to review the case and look for new evidence!!! But enough with costs of the death penalty, what is your moral view. People view the death penalty in many ways, some for it and others against it. But what It takes for ones opinion to be changed Is the death of someone you know or are Emily members with. Most seek revenge and want that person to die and experience what they did to the victim. Now what would you want a the killer of you dad or you mom, maybe you sister or brother to get? Life in prison or the death penalty. The murderer should have to face what their victim did! Now what do you really want? During life prison the prisoners can get a chance to have a education In prisons While we are paying for college and schooling they are getting a free education that 1 OFF we pa Rebuttal The plan proposed by the affirmative side will not work! While we are paying for allege and schooling prisoners can be getting a free education that we pay for with our tax! For the people locked up for life in prison. It’s a university of crime where prisoners are schooled to be â€Å"better† criminals. The taxpayers pay the tuition. It costs more than a Harvard education. Prison is the breeding ground for the worst social evils. Remember that 35 out of the 50 states still support capital punishment! That is more than 70% of the states, that dost even include the U. S. Government that also supports capital punishment. Ohio also uses the death penalty. Also more than 62% f Americans still support the death penalty. That is way more than half! It also comes down to the view of the watcher, some people that don’t support the death penalty haven’t gotten to feel what it is like to have a brother or parent, child or friend killed. Many peoples view change when they are asked, † If someone you loved was murdered, would you still want them to have life in prison or do them deserve what they did? â€Å". Many people are hit hard by this question, but what would you want? To know that the murderer that killed a loved one gets the same thing that they did to the victim? Or to see them in prison possibly getting an education with our tax money! With DNA testing and the new advancements in forensics there is almost no chance that the accused is really not the killer. Some killers out there have killed seven people or more, and you really want them to get away with it? Than this is not the America our founding father based it on! People deserve the right to know that they don’t have to go to bed worrying that the murderer that killed there loved one is out there not getting what they deserve! Just like in the courts of King Hamburg, The convicted deserves the eye for an eye tooth for a tooth treatment. The idea of abolishing the death penalty is corrupt and will ruin the system, many say that the death penalty cost more than life in prison, but if all the people on death row are put in for life in prison within 10 years the death penalty cost will look tiny compared to the price of life in prison. .Sam and Andrew are wrong! If we let people like them take control of society who knows? Maybe gay marriage will be legalized and a women can go and abort a baby, as if it is Just a regular part of their daily routine! Getting rid of the death penalty will ruin society! How to cite Pro Death Penalty – Essay, Essay examples

Assess the Impact of Genetically Modified Foods Essay Example For Students

Assess the Impact of Genetically Modified Foods Essay The British Government describes genetic modification as the altering of the genetic material in that organism in a way that does not occur naturally or natural recombination or both. Therefore genetic modification produces organisms that would not occur in nature, unlike farming methods such as selective breeding which could occur naturally. To opposers of GM foods this constitutes a fundamental difference. Genetic modification is when DNA fragments are transferred into different cells through either the natural ability of agrobacterium, ballistic impregnation, electroporation or using microscopic crystals to puncture holes in the cells. One complaint against GM foods is the imprecise ways in which genes are combined, as listed above. Plants are made up of between 20 000 and 80 000 genes and we know very little about how these genes are activated as an integrated whole. Genes and the proteins they make do not work in isolation and are extremely complex. Nevertheless, scientists have been putting barely genes into wheat to make it disease-resistant for most of this century. GM technology is not as new as it appears. New advances in GM technology, however, lean toward a more unprecedented type of experiment. One example is of strawberries been made able to resist frost-damage through inserting a gene from a cold-water fish. In cases such as this we are not even dealing with gene transference from the same kingdom. What people do not realise is that there are almost identical genes found in plants and animals, that there is a commonplace inheritance during evolution and in some cases there are natural mechanisms for transferring genes between unrelated species (in agrobacterium, for example). To illustrate this, humans share 50% of their genes with bananas. Therefore gene transferral between different species or, in fact, between different kingdoms, is not as unnatural as it sounds. Nevertheless, there are certainly a number of worrying possibilities. For one, maizes are being developed to contain antibacterial properties. It is feared that if transferred to bacteria they could become resistant to antibacterial drugs. Advances in GM technology may also yield advances in other areas of science. Experimenting with DNA, genes and cells may aid research into human DNA. For example, in Texas scientists found a chemical compound in the plant borage that produces gamma linolenic acid, which has been found to reduce heart attacks caused by cholesterol. Theoretically, this gene could be transferred to crops producing lipids, making fatty foods such as margarine and ice cream healthier and safer. There are also environmental arguments used in support of GM foods. Producing GM tomatoes uses less energy and water; herbicide-resistant crops reduce the amount of herbicide needed so it can be sprayed less frequently and intensively; pest-resistant cotton has reduced the use of pesticides on cotton crops in the US by up to two thirds. On the other hand it is thought that making farming more efficient may accelerate the damage to wildlife already done. At present, herbicides and pesticides have reduced numbers of grey partridge by more than 50% and removal of field margin and hedgerows has led to a decrease in populations of sparrows, skylarks and reed bunting. It is evident that we must look at the impact of GM products on other organisms to provide a true assessment. Cross-pollination is a major worry, as it would cause non-GM crops to be contaminated with GM crop genes. Surrounding GM crops with plants of other species would significantly reduce this risk of cross-pollination but the danger is still there. Boundaries between species have been established though millions of years of evolution and the worry is that these barriers will be destroyed with GM technology, leading to unpredictable events. With chemical pollution the substance will half a half-life but the problem with GM crops is that they are self-replicating. As with all crops they are designed to reproduce and will do so, unless modified not to. Arguably the most worrying aspect of GM products is their unpredictability, as briefly mentioned before. In 1989 consumption of the supplement L-tryptophan, derived from GM bacteria, killed 37 and rendered 1 500 permanently disabled. The scientists of the company, possibly to cover their own mistakes, blamed the GM process .