Free Essay

Implications for the Future

In: Philosophy and Psychology

Submitted By tomi2008
Words 2906
Pages 12
Water Control: Flooding Issues in Houston, Texas
The purpose of this paper is to analyze and discuss the flooding problems in Houston, Texas. As a part of this analysis, this paper will assess the economical, political, and legal implications of Houston’s flooding. It will also explain the relationship that psychology has to environmental preservation, and will create a solution to the issue at hand. In the process of proposing a conceivable solution, this paper will discuss the economic, political, and legal barriers of the solution, how they can be overcome, and why this solution will be successful.
Flooding Issues in Houston, Texas
Houston, Texas is home to over two million individuals, and is the fourth largest city within the United States of America. It is located in the Southeastern part of the state of Texas, and sits roughly 50 feet above sea level. Houston is known for its famous nickname of the Bayou City, as it is home to over 2,500 miles of manmade rivers. These manmade rivers (bayous) are the city of Houston’s way of containing and channeling rain water to the ocean. This alternative drainage system was a much needed installation because of the city’s position, as compared to the sea level (Bayou Preservation, 2012).
Currently, Houston suffers from severe flooding issues (i.e. flash floods, urban floods, river and bayou floods), and depending upon the area of town, the probability of high and slow moving floodwaters increase. As the city’s population continues to rise, the roughly 650 square miles that encompass the city continues to become more crowded (urbanization). As such, the urban flooding issues continue to worsen, and the city of Houston continuously discusses how to combat, and eventually prevent the constant reoccurrences ("Floods and flash floods," 2012).
Economic, Political, and Legal Implications of Houston's Flooding
The Revised policies, originally established by the Harris County Flood Control District and City of Houston, concentrate on addressing the flood and drainage concerns, and inspect the proposed courses of action developed by local governments. There are three sections of government liable for the city’s storm water drainage; flood damage lessening and water worth: the City of Houston, Harris County Flood Control District (HCFCD), and Harris-Galveston Coastal Subsidence District (Publics Works, 2013).
The City of Houston’s overall agenda is to provide a variety of services to local residents, which includes the accountability for preserving community curbs, gutters, and drainage ditches. The Harris County Flood Control District and Harris-Galveston Coastal Subsidence District’s purpose is to be responsible for flood damage lessening and developments that are suitable for the public and its natural values. Primary effects could be physical destruction fluctuating from bridges, cars, buildings, sewer systems, roadways, canals, and several varieties of structures. Fatalities from flooding include, but are not limited to individuals and livestock who perish because of becoming submerged underwater. Secondary effects would affect water supplies as impure water can cause plagues and viruses, and the purity of uncontaminated drinking water becomes threatened. Viruses can cause unhygienic conditions, and the outbreak of water-borne diseases, which can also cause agriculture and food supply scarcity due to the loss of entire harvests. The tertiary and long-term effects of floods can cause economic hardship due to short-term drops in tourism, rebuilding costs, and pricing increases as a direct result of shortages.
The City of Houston’s political persons include the Mayor of Houston, City Council members, and the Depart of Public Works and Engineering. Our Mayor, Anise D. Parker and City Council members are in charge of creating choices in regards to city plans, goals, and the applicable quantity of city capitals to pledge toward flood reductions. They are also responsible for creating regulations in regards to floods and drainage within the city. The Public Works Department is in charge of executing the choices made by the mayor and council members. The Department of Public Works and Engineering’s primary focus is storm water management. Within that broad platform, the department focuses on a number of things, which include: storm water condition and capacity, detention supplies, plat and plan authorization, present-day and extended varieties fundamental development, synchronization with the Harris County Flood Control District (HCFCD) on public works and engineering productions, shareholder announcements, and flood awareness for the city (Harris County Flood Control District, 2010).
The City of Houston, Harris County, and the State of Texas appropriated a number of stages to generate a legal outline for unexpected flood relief. In 1937, Harris County Flood Control District (HCFCD) was created by the Texas Legislature initially to be a local partner with the Federal Corps of Engineers for these two flood control reservoirs and other flood control developments in and around Houston (Blackburn & Dunbar, 2008). The District prearranged accountability for running our local waterways “for domestic, municipal, flood control, irrigation and other beneficial purposes” (Harris County Flood Control District, 2010, para. 2).
Psychology and Environmental Preservation
Psychologists have always been concerned with how the environment and individual behavior relate to one another. More specifically, psychologists look at how behavior contributes to climate change. The environmental psychologist’s plan is to decipher environmental issues through scientific research which produces factual evidence. Research on natural resource conservation and other environmental related issues has been ongoing for over 30 years. The research seeks to combine quality and application to make both personal and organizational change (Buckhout, 1972).
There has been extensive information formed based upon development within program and solutions to solve a number of different problems (Gifford, 200), that are clued in sustainability problems. Whereas a community of group identity is important, it is also lacking. When considering the global community, there is a tragic lack of teamwork. An example of this is when a farmer thinks more about harvesting to make money on an individual level, which can cause overharvesting of resources. Another study revealed that improving group identity will improve cooperation and prevent individual focus (Dawes & Messick, 2000).
Given human history, current events, and ecological validity, these findings are encouraging. China rejected mandatory emission cuts because it believed that the wealthy nations created the problem. This example represents that people can strongly identify with other nations at the same time that they lack an identity with the environment. Identifying with the environment helps to prevent future destructive behaviors and attitudes (Vlek, 1993).
There is an increased concern worldwide that the growing populations and expanding human activities are only using natural resources which all life depends on. The increased rate of human reproduction and its effect on the environment take place in countless areas. Increasing production of materials and material usage, expanding paragons of human’s ability to be mobile, and wasteful technologies transferring raw material into products and services are major reasons for environmental downfalls (Vlek, 1993).
Governments worldwide are improving their efforts in managing problems concerning air, water, soil pollution, waste disposal, noise pollution, odorous pollutants, and littering. The message is six-fold; environmental issues are social behavioral problems; psychology has significant things to say about the controlling of environmental problems; environmental policy writing is most effective when practicing multi-disciplinary collaboration; environmental problems can cause a violation of human security, well-being and development. “Environmental security” deserves to be a top priority on the international political agenda. Most importantly, international collaboration among environmental psychologists, scientists, and policymakers needs to be strengthened and improved (Vlek, 1993).
The Solution for Houston's Flooding Issues
The never-ending struggle between nature and man has no single solution that will solve the problems associated with flooding. A website for the Harris County Flood Control District makes it clear that it would take approximately $3 billion to upgrade the drainage infrastructure system in Houston (Harris County Flood District, 2010).
Infrastructure Enterprise Fund. In his “Solutions, not Soundbytes,” article, (2012) Noel Freeman, a member of the Texas Floodplain Management Association and a five year employee of Houston’s Public Works and Engineering Department, explains the first thing that needs to be done to address the problem is to create an Infrastructure Enterprise Fund for these projects. He explains when a specific fund is designated to these infrastructure projects; taxpayers will know where their tax dollars are going.
Need for regional and local detention strategies. It is no mystery Houstonians are extremely familiar with flooding either because storm-waters are unable to drain into channels and bayous, or the areas were structured before drainage was a criterion in the designs. Freeman (2012) explains an effectual resolution to flooding is to strive in the direction of regional and local detention strategies in areas having experienced first time flooding. When flooding occurs, rain overloads the storm-water system which causes it to back up. Freeman further explains that the detention areas will serve within the communities as smaller areas. They prevent the storm water system from overloading while keeping water out of homes and other structures. These detention areas can also improve the quality of life by serving as valuable parks and green spaces (Freeman, 2012).
Enhance the existing Comprehensive Drainage Plan (CDP). Freeman describes the CDP, developed in 2003, as a good plan already in place to help decrease the flooding problems in Houston, but is hindered by lack of adequate funding. It is better, and less expensive to build the drainage system infrastructures now than to have to rebuild later (Freeman, 2012).
Reorganization of neighborhood street reconstruction. Street reconstruction projects are drainage projects. Although many of Houston’s streets flood, residents know the water is better on the street than in the homes. Freeman (2012) clarifies as streets are reconstructed with open ditch drainages, and the lowering of street heights, a large quantity of retention space for storm-water runoff will help save residents from damage caused by flooding. Wait times must be streamlined and the reconstruction approach needs to be a drainage approach (Freeman, 2012).
The vigorous pursuit of grants allocated for small enhancements. For many residents living within areas affected repeatedly by flooding, an uncomplicated solution like elevating homes approximately six inches, or various minimal improvement projects might be the variation between a wet residence and a dry one after flooding. Pursuit of grants for these minor improvements would improve the devastation brought on by flooding (Freeman, 2012).
Buyouts of ineligible properties. Another solution described by Freeman to improve the drainage problems is an overall detention strategy to allow a federal buyout program. This is for vacant properties that have faced repeated flooding and cannot be developed because of restrictions in the floodplain ordinances. The funds can be used for local detention projects or mitigation that will help protect the people (Freeman, 2012). Freeman makes it clear that taking a proactive stance regarding the flooding/drainage issue can and will save taxpayers time, health issues, and money in the long run. The cost of rescuing victims after a flood takes a significant toll on public health when waters from storms contain many kinds of debris and pollutants that infiltrate the sanitary sewer system. When this occurs, it causes sewer lines to overflow into streets and structures where individuals must wade to safety. The damage of mold and other harmful substances are created as a result of flooding. Many times these damages disproportionately affect low-income citizens and the elderly (Freeman, 2012).
Economic, Political, and Legal Barriers of the Proposed Solution
What actually exists is the major challenge for Flood Preparedness Planning in Houston, Texas. This is the core capacities of the State and district authorities as well as the lack of resources to defend legal barriers to undertake implementation of the priority activities. In recent disasters here in Houston local resources and capacities are often disregarded, therefore relying heavily on outside support. The connections between disaster administration and the nationwide and local socio- monetary expansion processes are most often disregarded, resulting in re-creation of risks in an already flood prone communal disaster after disaster (Bedient, 2000). For a successful flood preparedness planning, it is influential to learn from the experiences and best practices for greater teamwork and material sharing to enhance the collaboration. Economically and politically the Nation needs to spread the resource base for more effective operation of flood preparedness programs in and outside Houston (Jack, William, & Bart, 2002).
How to Overcome the Barriers. Understanding natural disasters will never come complete with an outline to prevent them is the first step. Knowing that the risk of injury, damage, or importantly life can be prevented with effective evacuation plans, ecological planning, and design standards. The Hyogo Framework is a plan for natural disaster risk 168 governments adopted in January 2005. This was a 10 year global plan that offered guiding principles, priorities for action, and real-world means for accomplishing disaster flexibility for susceptible communities. History has shown the World that there no proven method preventing nature from taking its course. People have the technology to warn him or her that danger is approaching, but preventing them is still unanswered (Bedient, 2000). The wetland areas in Houston provide the best form of barrier by absorbing the floods, whereas other regions are not as successful. An acre of lowland can engross an excess of significant amounts of water totaling millions of gallons; this could easily overflow a communal neighborhood. Construction consisting of levees and dams, which also come with their disadvantages of collapsing or creation of establishments or streets in well- known flood areas can help avert impairments created by uncontrolled waters (Jack, William, & Bart, 2002). Spreading awareness through educating others Worldwide will be the best way to overcome these barriers sharing services and products to minimize damage caused by floods.
The Capital Improvement Plan
The main purpose of the Capital Improvement Plan is that it gives the City the appropriate tools to plan future capital improvement expenditures for storm sewers within the City. The Capital Improvement Plan locates and identifies the common characteristics of proposed drainage modifications or improvements for drainage systems that are considered to be inadequate. The City of Houston has its own design criteria for drainage and sewer systems. This designed criterion is then implemented within areas where sewage and drainage systems are in need of repair, as well as in areas where no sewage or drainage systems exist (City of Houston Texas, n.d.).
Reasons for Success. The proposed Capital Improvement Plan development procedures will improve the existing storm sewer systems in the Houston area as well as its surrounding areas. Modification of existing storm sewer system would involve increasing the diameter of the pipes. Concrete pipes or boxes will also be reinforced. For areas that are current drained by roadside ditches a new sewer system will replace the existing roadside ditch systems. These storm sewers will contain only the main sewer system also known as the trunk. This new improvement plan will improve the City of Houston’s flooding problem, which causes many homeowners and business owners thousands of dollars. This proposed plan will alleviate many flooding problems in the Houston area, but other future plans will also be proposed to decrease flooding in the City of Houston. Channel modifications and storm water detention basins are new plans that will also help the Houston area with flooding problems. Channel modification will include widening or deepening channels in the Houston so that rainfall has a place to go and decrease the flooding in homes and business. Storm water detention basins are also future projects that will help the Houston area retain water. The excavated land will be a good place for water to be retained and therefore will improve the flooding problems. The Capital Improvement Plan is a promising project that will benefit many Houstonians (City of Houston Texas, n.d.).
Flooding, especially for cities like Houston, will continue to be an ongoing problem to combat. As such it is imperative, as discussed in this paper, for policies and procedures to be put in place to work toward a sustainable solution. Considerable amounts of support, both monetary and political, will be necessary, but it is an achievable future wrought with endless possibilities provided everyone involved works together to accomplish it.

Bayou Preservation. (2012). Water issues on tap for upcoming legislative session. Retrieved from
Blackburn, J., & Dunbar, L. (2008). Houston's High Water Problems. Retrieved from
Buckhout, R. (1972). Pollution and the psychologist: A call to action. International Journal of Psychology, 35(1), 111-116.
City of Houston Texas. (n.d.). Comprehensive Drainage Plan. Retrieved from
Floods and flash floods. (2012). Houston Department of Health and Human Services. Retrieved from
Freeman, N. (2012). Solutions, not soundbytes. Retrieved from
Gilford, R. (1997). Environmental psychology (2nd ed.). Boston, MA: Allyn & Bacon.
Harris County Flood Control District. (2010). Our mission. Retrieved from
Harris County Flood District. (2010). Harris County's flooding history. Retrieved from
Publics Works. (2013). Public Works Divisions. Retrieved from
Vlek, C. (2000). Essential psychology for environmental policy making. International Journal of Psychology, 35(2), 153-167.
Vlek, C., Hendrickx, L., & Steg, L. (1993). A social dilemmas analysis of motorized-transport Problems and six general strategies for social behavior change. In ECMT (Eds), Transport Policy and global warming (pp. 209-225). Paris: OECD Public Service.

Similar Documents

Free Essay

Implications for the Future

...Water Control: Flooding Issues in Houston, Texas The purpose of this paper is to analyze and discuss the flooding problems in Houston, Texas. As a part of this analysis, this paper will assess the economical, political, and legal implications of Houston’s flooding. It will also explain the relationship that psychology has to environmental preservation, and will create a solution to the issue at hand. In the process of proposing a conceivable solution, this paper will discuss the economic, political, and legal barriers of the solution, how they can be overcome, and why this solution will be successful. Flooding Issues in Houston, Texas Houston, Texas is home to over two million individuals, and is the fourth largest city within the United States of America. It is located in the Southeastern part of the state of Texas, and sits roughly 50 feet above sea level. Houston is known for its famous nickname of the Bayou City, as it is home to over 2,500 miles of manmade rivers. These manmade rivers (bayous) are the city of Houston’s way of containing and channeling rain water to the ocean. This alternative drainage system was a much needed installation because of the city’s position, as compared to the sea level (Bayou Preservation, 2012). Currently, Houston suffers from severe flooding issues (i.e. flash floods, urban floods, river and bayou floods), and depending upon the area of town, the probability of high and slow moving floodwaters increase. As the city’s population...

Words: 2906 - Pages: 12

Premium Essay

Implications of Global Learning for the Future

...lications Implications for the Future Marsha Downs EDL 510 December 24, 2012 Thomas Ashley Implications for the Future “State of the Village Report” ➢ The wealth of the world is controlled by a select few people. ➢ There is more money spend on warfare and weapons each year than on education. ➢ There are more people on poverty world wide than people who have their basic needs met daily. ➢ Love people because we do not know where they come from or what they are going through. ➢ Do what you can to make a difference in the world and try to leave it better than you found it. “Mothers Discuss Their Kids’ Digital Lives” ➢ Maintaining balance between the digital world and the real world is a real concern for some parents. ➢ Mothers have noticed that their children are better at multitasking than they are even when there are distractions present. ➢ Work seems to be more rigorous because children have to search through more information and determine what is relevant and what is not. ➢ The safety of children with social media is a major concern for parents. “Educating the Digital Generation” ➢ Teaching ethics when it comes to using information, pictures, etc. for assignments. ➢ Students need a digital/technology background when they leave high school. ➢ Students are being to multitask really well because of digital media. ➢ Teachers need to make an effort to grasp...

Words: 256 - Pages: 2

Premium Essay

The Aging Community and Its Implications on the Future

...present global economy, what challenges will governments of these countries face in ensuring the health of their aging populations? Abstract The goal of this paper is to explore three countries of ranging income groups, their population life expectancy, the chronic diseases that have become prevalent within the aging community, and the repercussions the aging community will have on the future. There are many aspects that will be covered such as the growing trend of population growth rates and how it may affect the economies of these populations in the future. The ramifications of these occurrences and what it means for the future of health care coverage for a country whose population is growing exponentially as well as a population whose aging population is increasing. We will also explore what strategies, plans and agencies that are in place to accommodate this aging population growth, as well as what can happen if there are not adequate plans to cover this crisis. The Aging Community and its Implications on the Future There is a global crisis lurking in the not too distant future. The aging population is growing and so is chronic disease. Let’s examine this by taking a snapshot of three countries of ranging income groups and start with their life expectancy projections. The United States (US) (high income), Mongolia (middle income), and Kyrgyzstan (low income) were randomly chosen as the three demographics to explore (World Bank, 2011)....

Words: 2060 - Pages: 9

Free Essay

Critically Reflect on the Potential Implications of the Scandal for the Future of Fifa and of Soccer

...Exercise Biochemistry (08PEB022) June 2009 2 Hours PART A: SHORT ANSWER QUESTIONS (allow 60 minutes for this section) Answer all the questions in this section 50 marks are available for this section 1. Briefly state the role of the following proteins in skeletal muscle: (5 marks): (a) myosin (b) hexokinase (c) lactate dehydrogenase (d) carnitine acyl transferase (e) creatine kinase 2. Explain why the contribution of anaerobic metabolism to energy supply increases with increasing exercise intensity. (5 marks). 3. Explain why adenine nucleotide loss occurs during very high intensity exercise. (5 marks). 4. Explain how some amino acids can be used as a fuel for exercise. (5 marks) 5. Describe the role of GLUT4 proteins in carbohydrate utilisation at rest and during exercise. (5 marks) 6. List the major modifications to the metabolic response to exercise as a result of endurance training. (5 marks) 7. What supplements might an athlete use to improve performance in high intensity exercise that results in fatigue in about 1-10 minutes? Include a brief description of their metabolic role. (5 marks) 8. Describe the main factors responsible for the integration of fat and carbohydrate metabolism. How are these affected by changes in substrate availability? (5 marks) 9. Which three factors account for the measured individual variability in any physical performance phenotype? (2 marks) 10. Explain how one gene can produce several different proteins. (3...

Words: 372 - Pages: 2

Premium Essay

Discuss the Implications of Possible Future Developments and Future Uses of Ict. Include in Your Answer the Impact Future Developments May Have on the Way Organisations Are Run. in This Question You Will Be Marked on

...There are many implications of possible future developments and future uses of ICT but the ones that I will be explaining further are instant communication, videoconferencing and teleworking, security, the use of CCTV and GPS, digital divide, deskilling and also online information and services. The first implication is instant communication. We have numerous communication technologies which we can use such as:- WiFi, Bluetooth and mobile broadband to communicate with people daily. This has affected the world of work in today’s society as people who work in companies like Sun Life, Aviva and BT don’t have to get up specifically to go and sit in an office all day. It has become very easy for people to contact their peers in one of the ways noted up above. There has been a huge development in videoconferencing and teleworking which has allowed people to not travel as much as they used to which is having a positive impact on the environment. People who work in one organisation but are situated around the world, don’t have to travel to physically speak to each other as things like videoconferencing has allowed people around the world to collaborate on tasks that need to be completed. There has also been problems with the future developments and future uses of ICT and one of them is security. When people complete financial transactions on their mobile phones from companies like Barclays, NatWest or any other online banking websites; or even online shopping websites; they...

Words: 544 - Pages: 3

Free Essay

What Are the Implications and Problems That the Eu Have Faced Because of the Recent Eurozone Debt Crisis? What Does the Future Hold?

...This essay will talk about what is currently going in Europe with the Eurozone sovereign debt crisis and the fiscal state the European Union is in, it is important and interesting because it is still current affairs and there are various factors and decisions that have helped the path that the crisis is going in, this essay will look at the crisis but on the implications and problems that European union face as well as what they have faced already and whether the European Central Bank are doing enough to improve the situation and what their plans are for the future. A sovereign bond serves as a floor for interest rates banks charged for loans and for the pricing of other financial contracts and securities. The global financial crisis led to the deterioration of government budgets and finances as nations utilized public expenditures to provide stability and stimulus. The Eurozone suffered because of heavy borrowing practices, property pebbles and living above their means. The Eurozone debt crisis started because Greece who had borrowed heavily in international capital markets over the past decade were turned against by investors this is because Greece in 2009 admitted that they had double the amount of debt that was allowed in the Eurozone limit. Ratings agencies started to downgrade Greek bank and government debt, and there was fear of Greece defaulting and not being able to pay back its debts but the Greek Prime Minister George Papandreou insisted otherwise however this was...

Words: 2932 - Pages: 12

Premium Essay

The Negative Environmental Implications of the Athabasca Oil Sands

...THE NEGATIVE ENVIRONMENTAL IMPLICATIONS OF THE ATHABASCA OIL SANDS “The modern era began with the discovery that started the most brilliant, inventive, and destructive age in the history of mankind. The age of energy.” The Athabasca oil sands were founded in the late 1960s and have now developed into a major player within the Canadian economy, acting as its prominent supplier of crude oil. With roughly 2.5 trillion barrels of oil in the ground, the oil sands are one of the largest deposits in the world. However, a problem arises with the extraction process, as it is both expensive and cumbersome with the presence of bitumen within the oil (a highly viscous, black hydrocarbon). Therefore, the extensive extraction process that is required by oil mining companies leads to negative environmental implications. As a result, this paper will discuss the extent of these environmental implications in terms of escalating greenhouse gas emissions, the depletion and contamination of water reserves, and the destruction of terrestrial ecosystems within the Boreal forest. In addition to this, the underlying notion of Alberta’s unlikely future for a sustainable environment. Greenhouse gases (GHG) are emissions within the atmosphere that absorbs and emit radiation, thus damaging the ozone layer. Taking this into consideration, the expansionary development associated with the Athabasca oil sands are rapidly increasing the level of pollution emitted within Canada. The oil sands alone are......

Words: 2365 - Pages: 10

Premium Essay


...Benchmark - Research Critique Part 2 View Rubric Due Date: Apr 19, 2015 23:59:59       Max Points: 150 Details: Prepare a critical analysis of a quantitative study focusing on protection of human participants, data collection, data management and analysis, problem statement, and interpretation of findings. The quantitative research article can be from your previous literature review or a new peer-reviewed article. Each study analysis will be 1,000-1,250 words and submitted in one document. As with the assignments in Topics 1-3, this should connect to your identified practice problem of interest. Refer to the resource entitled “Research Critique Part 2.” Questions under each heading should be addressed as a narrative, in the structure of a formal paper. You are also required to include an Introduction and Conclusion. Prepare this assignment according to the APA guidelines found in the APA Style Guide, located in the Student Success Center. An abstract is not required. This assignment uses a rubric. Please review the rubric prior to beginning the assignment to become familiar with the expectations for successful completion. You are required to submit this assignment to Turnitin. Submit the assignment along with an electronic version of the article used for the analysis. If an electronic version is not available, submit a clean unmarked copy of the article. NRS433V.v10R.ResearchCritiquePart2Guidelines_student.docx ......

Words: 1436 - Pages: 6

Premium Essay

Academic Research of Bernard and Thomas (1990)

...To: Professor SIyi Li Ph.D. CFA From: Daniela Dinu Date: [ 9/12/2012 ] Re: Academic Research of Bernard and Thomas (1990) Authors Bernard and Thomas wrote an article titled “Evidence that Stock Prices Do Not Fully Reflect the Implications of Current Earning for Future Earnings.” We will look at the main questions explored, main findings, and consider the conclusion. Finally, we will discuss some implications of this paper causes for practitioners. The main research question in the paper is weather stock prices reflect implications of current earnings for future earnings. This means that information weather positive or negative is not immediately absorbed and shown by the market. This is a very important question because we are expecting the market to fluctuate and absorb new information or announcements immediately. This actually shows that there isn’t much activity on the day of the announcement rather in a later quarter. In finance, the efficient-market hypothesis (EMH) asserts that financial markets are "information efficient". In consequence of this, one cannot consistently achieve returns in excess of average market returns on a risk-adjusted basis, given the information available at the time the investment is made. (Wikipedia 2012) The findings in the paper are inconsistent with the definition because what the authors are trying to shows us is that the market doesn’t reflect this information right away but it does allow us to predict the next four quarters....

Words: 573 - Pages: 3

Premium Essay

The Future of Water

...14-10-2014 14-10-2014 Max Juergens Universidad Nebrija Max Juergens Universidad Nebrija The implications of water scarcity An essay about the present problems and future implications of water scarcity, if the world do not change the utilization. The implications of water scarcity An essay about the present problems and future implications of water scarcity, if the world do not change the utilization. A Clean Water Crisis The water we drink today has likely been around in one form or another since dinosaurs lived on the Earth, hundreds of millions of years ago. While the amount of freshwater on the planet has remained fairly constant over time—continually recycled through the atmosphere—the population has exploded. This means that every year competition for a clean supply of water for drinking, cooking, bathing, and sustaining life intensifies. Freshwater makes up a very small fraction of all water on the planet. While nearly 70 percent of the world is covered by water, only 2.5 percent of it is fresh. The rest is ice or ocean. Even then, just 1 percent of our freshwater is easily accessible, with much of it trapped in glaciers and snowfields. All in all, only 0.007 percent of the planet's water is available to fuel and feed its 6.8 billion people. In the following pages I am going to show the 4 main implications of water scarcity. Implications because of population growth Because of population growth and economic development, water resources in many......

Words: 1298 - Pages: 6

Premium Essay

Implications of Genetic Technology

...for human beings pertains to the option for parents to create a child in their perception. The parent can also choose to eliminate genetic problems such as Alzheimer’s. The problem with these aspects lies within the crossing of ethical boundaries, and how it will eliminate bio diversity for humankind. Advancements in genetic technology have become part of our lives in many unexpected ways. Genetic technology is used for prenatal screening to help determine if the fetus will be born with abnormalities. There is even a proposed benefit for eliminating disabilities in the future. Genetic technology is also used to help modify agriculture. Most of the food we eat has been genetically modified unless it is organic. Individuals, who criticize these genetic technological advancements, believe there is not enough time to fully evaluate how it will affect the human race and the ecosystem in the future. The topic of DNA Structure and Function relates to genetic technology. When developing new genetic technologies, it is important for scientist to understand the DNA structure of the organism. Each living organism has a unique DNA sequence that differs among species. “A strand of DNA is a polymer of nucleotides that have been linked into a chain. Only four types of nucleotides make up DNA: Each consists of a five-carbon sugar, three phosphate groups, and a nitrogen-containing base (Starr, Evers &Starr, 2013, pg. 102).” In...

Words: 826 - Pages: 4

Premium Essay


...small business ventures. Task 1 1.1 Assess the implications of inflation on Burger king’s business operations The inflation dilemma and the raising price of the commodities are forcing Burger King to raise the price of the burger and the increasing price at the producer level which is forcing the management of the Burger king to sell burgers at the low price to the customers and raising the price of the alternative burger which will improve the sales however the balance between the money-losing product and the profit-earning product is to maintained as to get the profits for the company. 1.2 Assessment rate Sak strand bag impact business operations. The effect of the Interest rate on Sak Strand bag’s would be in a deeper and long lasting effect on the company due to the distribution of the profits towards paying the interest rate therefore the profit margin of Sak will be affected hugely. However with the idea of coming with the ew products to the company the managers have to work hard to maintain the level of quality and providing the highest quality which they always carry on. However this may prove bad for the company as this will limit the company to make any changes to the company financially until the interest rate is been cleared off. 1.3 Assess the implications of unemployment on Max Hamburger restrains business operations if they were to set up in New Zealand. The implication of Unemployment on Max Hamburger will be of no......

Words: 2724 - Pages: 11

Premium Essay

Outcome Rubric

...Student: Written Assignments RubricOrganization & Structure (10 points) Poor 2 pt Fair 5 pts Good 8 pts Excellent 10 pts Paragraphs are incoherent and lack transition and flow; supporting points, introduction, and/or conclusion are missing; grammatical or mechanical errors interfere with reader comprehension; Does not follow APA format Paragraphs do not flow easily; introduction lacks clarity of major discussion points and conclusion does not demonstrate analytical thinking; writing contains grammatical and/or mechanical errors that do not interfere with reader comprehension; Inconsistent use of APA format with several errors Structure is comprehensive and effective; introduction presents clarity in major discussion points; transitions are logical and easy to follow and conclusion demonstrates analytical thinking; grammar and mechanics are generally correct; Consistent use of APA format is followed with some errors Structure is well designed, varied and comprehensive; introduction provides excellent background of major discussion points; transitions are smooth and paragraphs provide unified, coherent support; conclusion is logical and demonstrates analytical thinking; grammar and mechanics are correct; Use of APA format is error free Analysis (20 points) Poor 5 pts Fair 10 pts Good 16 pts Excellent 20 pts Inadequate understanding of the relevant facts, data, theories, and/or......

Words: 428 - Pages: 2

Premium Essay


...Lim 30089404 30089407 30089392 Presentation Overview (1/2) •Introduction •Company Profile •Microenvironmental Analysis •PESTLE Analysis •SWOT Analysis •Porter’s 5 Forces Analysis •The Industry Life Cycle •Nintendo’s Key Success Factors Presentation Overview (1/2) •Analysis of Key Uncertainties •Analysis of Future Trends •The Scenarios & Implications •Conclusion •References A Brief History of Video Games Atari to Wii Introduction (1/2) • Video games have been around since the 1940s. • Over the decades, game machines continuously evolved to become powerful machines capable of stunning visuals and graphics. • In the mid 2000 to 2007, social media, smartphone and tablet technology entered the gaming scene. • Casual games become the norm attracting previously non-gamers into the market. Introduction (cont 2/2) • As the dominant force of the mobile and gaming market, in the next coming 5 years, where does Nintendo see itself competing with threats from smartphones and other gaming platforms taking up its share of the market? • Scenario planning : To make strategic decisions that will be a sound foundation for all plausible and possible future scenarios. Company Profile (1/3) • Founded in 1889 in Kyoto, Japan by Fusajiro Yamauchi. • Manufacturer of Hanafuda “flower” cards • Expanded in 1960s by Hiroshi Yamauchi. • Following the crash of the cards business, Nintendo entered the toy industry upon discovering Gunpei Yokoi, a mechanical......

Words: 2368 - Pages: 10

Premium Essay

The Cirrus Building Sensitivity Analysis

...192 sqm of storage. • Parking space with a ratio of 1/45. • Highly accessible: 6 bus and 3 tram lines; 500 meters to train station and 5 minute drive to metro stations. The Cirrus building typical floor plan The Cirrus building excusive interior The current tenants Sensitivity analysis of the financial implication Proposed purchase price: 32.1355 Million Euro (June 30 2014) Payments vs. time 1,600,000 1,400,000 1,200,000 1,000,000 800,000 total payment 600,000 Interest 400,000 200,000 0 Remaining principal vs. time 25,000,000 20,000,000 15,000,000 10,000,000 5,000,000 0 Remaining principal Sensitivity analysis of the financial implication Property future price at 2021 vs. YTM 60,000,000 50,000,000 48,199,892 40,425,716 Property price 40,000,000 34,811,033 30,000,000 property future price 20,000,000 10,000,000 0 6.5% 7.75% YTM[%] 9.0% Sensitivity analysis of the financial implication IRR vs. YTM 25% 20% 20% 17% 14% IRR[%] 15% 10% 5% 0% 6.50% 7.75% YTM [%] 9.00% Sensitivity analysis of the financial implication Property future revenue at 2021 vs. YTM 16,000,000 15,097,433 14,000,000 Property price 12,000,000 10,000,000 7,323,256 8,000,000 6,000,000 4,000,000 1,708,574 2,000,000 0 6.5% 7.75% 9.0% YTM[%] The value of capital+ loan at the point of selling will be 33,102,460$ at 2021. In the worst case......

Words: 433 - Pages: 2