Saturday, October 5, 2019
Titled Modern Portfolio Theory or Investment Management Essay
Titled Modern Portfolio Theory or Investment Management - Essay Example Thus, a portfolio may be defined as a combination of securities with varying risk and return characteristics which in turn contribute to the net worth of the investor. (Swisher, 2005) The topic of discussion in this paper is Modern Portfolio Theory or Investment Theory, which may be defined as the concepts that revolve around educating an investor regarding the steps that must be taken in order to develop a portfolio that will speak of rational choices and optimisation of financial resources. Before going any further, it is imperative to point out that investement brings a certain degree of speculation, especially in today's economic scenario where there has been a boom in the information transmission trends due to an increase in the number of people from various quarters flocking towards investing in portfolios. This paper will endeavor to study modern portfolio theory (MPT), in terms of its various elements like Markowitz diversification, the efficient frontier as well as concepts like the Capital Asset Pricing Model, better known as CAPM. The tools used in the course of application of these concepts include the Capital Market Line and the Security Market Line apart from alpha and beta coefficients which help measure mean, variance, risk and returns of the portfolio as a whole. To begin with, the paper will introduce the Modern Portfolio Theory as propounded by Harry Markowitz in the early 1950s, before moving on towards defining the elements like beta, risk and return that are concerned with the various concepts of Modern Portfolio like diversification and Capital Asset Pricing Model or CAPM. (Swisher, 2005) The intorduction of the key elements before discussing and analysing the actual concepts has been carried out so as to ensure that there is full understanding of the tools that will be used in the study of the Modern Portfolio Theory. The paper will progress through a series of headings that are relevant to introduce new topics. These topics are linked with each other through the tools like beta, risk, return, mean and variance, among others. There will illustrations in terms of formulae and diagrams for all sections of the paper. Markowitz and Modern Portfolio Theory Modern Portfolio Theory has come up a practical model for the measurement of the various trends affecting the portfolio market. As a body of concepts and tools, it is concerned with the identification of markets that have high return potential and those which have a heavy risk factor, so as to help the investor choose more wisely. At the same time, the modern portfolio theory also brings us face to face with the fact that it is equally concerned with varying combinations of assets to zero in on the favourable markets and customers. (Markowitz, 1952) Born in the year 1952, the modern portfolio theory was the brainchild of Harry Markowitz who recognised the need for a certain set of parameters within which the obvious diversification trends may be
Friday, October 4, 2019
Reaching Hapiness, My Holy Grail Essay Example | Topics and Well Written Essays - 1500 words
Reaching Hapiness, My Holy Grail - Essay Example This has highly motivated me to choose clinical social work as my career. I believe that my career will help change the lives of many community members because social work is a profession that presents humane and effective social services to groups, families, individuals, communities, and society to enhance and improve both the quality of life and social functioning (Zastrow 28). Having mention clinical social work as my career, this paper will analyze my goal as a clinical social worker, and its importance both to me, and society. What Motivated Me to Choose Clinical Social Work Due to the increasing mental and health risks due to lack of effective counseling in the society, I am, and I will continue putting more efforts to ensure I achieve my goal in the next seven years. Clinical Social Work involves giving help to: families, individuals, couples, and even undersized groups notice issue challenging them, and provision of specific strategies in improvement of their exceptional situ ations (Ritter, Halaevalu and Kiernan-Stern 106). By definition, clinical social work is referred as social work theory and treatment methods application, to prevent psychological problems, impairment, mental ailment, and emotional disorders and also, helping the physically disabled community members. My goal is; ââ¬Å"I will be a Clinical Social Worker in the next seven years.â⬠Since I was young, my dreams have been that one day I will pray for, and help many people in the world in most burning life issues. Many people in the community has been addicted to drugs. This has consequently caused thousands of deaths because of cancer diseases caused by smoking and alcohol taking. In my own opinion, if these people in the community can be counseled and youths well advised before starting abusing drugs, cases of deaths of cancer will cease. To get people under these cases helped, I consequently chose to work as a social work. This will indeed, create a community of healthy and God- fearing people. People will be healthy because when advised, psychological and mental problems are minimized. In addition, cancer cases will cease. In short, my interest in clinical social work developed because of my inner dream to help people get out of their undesirable situations. Significance of Clinical Social Work Social work involves a series of caring services like; advice and guidance, education, health, housing community regeneration and development, social care and offering care and other services among children and younger persons. The social workers play major roles in ensuring that the above are services are rendered to the community. Indeed thousands of people in different communities find themselves into difficult life situations, unable to work them out. Social workers therefore, get in to help the community in solving the problem. Since helping people has been my hobby, I did not hesitate in making a choice to join social work as my future career. Effective delive ry of these caring services to the community will therefore, mark the significance of clinical social work career. Clinical social worker helps to enhance and maintain the coping skills of the people they are rendering services to, within the context of oneââ¬â¢s environment to achieve a living balance in case confronted by challenges (Ritter, Halaevalu and Kiernan-Stern 106). This means, social work professionals help people in the com
Thursday, October 3, 2019
Theories and Principles for Planning and Enabling Learning Essay Example for Free
Theories and Principles for Planning and Enabling Learning Essay Unit 4 Theories and principles for planning and enabling learning Introduction There are four main schools of thought around the concept of teaching and learning. This assignment aims to discuss what those schools are, how each of them are relevant to a teaching approach and how some of those theories relate to my own working practice. Identify and discuss the significance of relevant theories and principles of learning and communication The four schools which impact on learning are Behaviourist The premise behind this theory is that learning occurs because of an external stimulus. The teacher will impact on learning significantly and therefore learning will be a passive process. Skinner (1904 ââ¬â 1990) used a ââ¬Ëskinner boxââ¬â¢ to show that animals would repeat an action when rewarded either through positive or negative reinforcement. In the learning environment examples of this theory are when a learner is successful they may gain a certificate, verbal praise, longer break (positive reinforcement) or achieving a high grade allowing them to miss out additional pieces of coursework. (negative reinforcement) E. L Thorndike (1874 ââ¬â 1949) played a crucial role in determining key laws to learning from a behaviourist perspective. He argued that learning was a gradual process and certain conditions would encourage learning. These were: a) The law of effect ââ¬â learners are more likely to continue with a behaviour /learning if there is some sort of reward. Most commonly in the learning environment, a teacher will give verbal praise for success and positive efforts. b) The law of recency ââ¬â the most recent learning is most likely to be remembered and where a task has been completed and rewarded soon after will have most impact on a learner. A good example is in DTLLS, assignments and journals are read and feedback given very soon after it has been submitted. It helps learners to know that they have been successful and achieved. c) The law of exercise ââ¬â The more a task is completed the quicker it is achieved. Within those 3 domains there are 6 levels of learning development. Starting from the bottom, with the easiest level, to the top, which is the most complex level of learning and achieving a form of ââ¬Ëmastery in a subjectââ¬â¢. When looking at Blooms 3 dimensional pyramid, I would argue that the behaviourist schools of thought would only promote lower level learning purely because there is no encouragement to think outside of the box and have free reign to test out hypotheses and ideas. Bloom taxonomy of learning has played a significant part in planning and enabling learning. The application of his theory helps teachers take an inclusive approach by being able to differentiate tasks to suit the learnersââ¬â¢ abilities at that current time. It also means that whilst different levels of tasks are being set, all learners can grow at their own rate and feel fully valued in the process. We might be setting different learning goals with learners based on their current level of learning but with a view to helping them to grow towards the next level of learning in Blooms model. Therefore, Teachers should be focused on promoting a growth from surface learning or learning without understanding (Petty, G. Pg 11. 2004) to deep understanding where the learner is able to critically evaluate and dissect their own ideas and findings from their learning. Gestalt theory is another important piece of theory that sits under the cognitivism framework. In particular the work of Max Wertheimer (1922) shaped the theory in learning. Gestalt means ââ¬Å"wholeâ⬠or ââ¬Å"shape or patternâ⬠(www. learningandteaching. info/). In contrast to Thorndikes earlier concept that learning requires no insight, the Gestalt angle emphasises the importance of insight in learning. According to J. Atherton ââ¬Ëit concentrates on the way in which the mind insists on finding patterns in things, and how this contributes to learning, especially the development of ââ¬Å"insightâ⬠. ââ¬â¢ (www. learningandteaching. info/) According to gestalt theory, the brain will eventually see a pattern in what a learner is studying and make sense of it before the learner fully understands what it is they really understand the concept in a stage by stage process Once they have the ââ¬Ëknackââ¬â¢, that learning becomes permanent. Within the learning environment, when many learners are trying to learn new skills, they can experience frustration and anxiety. It is the job of the teacher to keep motivating and encouraging them to continue until they get the knack. Such an example might be a learner driver learning to pull off without stalling. Itââ¬â¢s useful to consider the Gestalt approach when planning lessons because if the teacher has a structured and repeated method of doing things, the learners will recognise the pattern and find it easier to complete exercises and learn from those exercises. Constructivism in learning Constructivism sits under the umbrella of cognitivism.
India during The Great Recession
India during The Great Recession India during the ââ¬ËGreat Recession Introduction: Economists called the financial crisis of the 2007 2009 as the ââ¬Å"Great Recessionâ⬠, since it is a critical factor and vital cause for the failure of many businesses and significant influencer that has worsened many economies. After US busted out the housing bubble, this raised the rates of sub-prime and mortgage rates. India, the country which is fully an export driven economy like many other countries, the GDP of India mainly relies on domestic consumption. If a countrys GDP is based on domestic consumption, then how this financial tsunami did left vestige in India. The software industry, though not a prime deterministic factor for Indian economy, contributes notable financial transactions towards Indian economy. This brought flow of foreign funds in to the economy. The portfolio investments are visible in the Indian stock exchanges where foreign borrowings and FDI inflows remain less visible. When the global economies started decelerating, all these three factors bound t o decease, which caused an impact on Indias emerging economy. The following essay is presented in a macroeconomic perspective, when the period of growth alternated to a period of stagnation, how Indian economy faced the crisis and how government and Reserve Bank of India responded by taking various steps to handle the economic downturn. Effects in Indian Economy India, after a subsequent growth, experienced a decline in its economy due to the global economic downturn. Faced many uncertainties like stumbling industrial growth, reduced foreign exchange and diminishing rupee value. This economic instability gave a worst hit in Indian economic portfolio by acutely affecting Indian banks. Many public sector units and banks, who invested money into derivatives, were funded by Lehman Brothers Inc and Meryl Lynch Inc for the exposure in the derivatives market. As Lehman Brothers Inc dissolved, many companies including leading banks in India filed losses for few hundred million dollars. The impact of this huge financial crisis affected not only the financial markets primarily, but also the Indian IT industry, availability of global funds, and decrease in exports. Reduced Availability of Global Funds The availability of the global funds, which is accounted as one of the major driving force of the emerging economies like India, was considerably less. The initial stage experienced a rise in the interest rates and the equity prices were affected as the funds transformed into bonds. This less inflow didnt affect the GDP of the Indian economy, since it holds the larger share on its domestic household savings. Indian companies, which relied on the foreign funds for its trading activities, were allowed less access, which affected corporate profitability due to high interest rates, created large demand for the domestic fund access and peer supply pressure restricted from capacity increase. Effects in Indian Exports India faced a sudden decline in its exports during this economic crisis, as a piece of Indian economy is a sole dependent on exports. In October 2008, after 35% growth in the previous months, filed its decrease in exports calculated to 15%, and shipments decreased to 33.33%, recorded to be a largest drop ever. This drop affected many industrial sectors right from the manufacturing goods to jewellery exports. This fall in the exports which lead to many job losses estimated to be 1million and closure of many small units. Effects in Indian IT Industry As discussed above, one of the main tools to transact and access the flow of foreign funds is the Indian IT industry, which contributes significantly a mind share towards the Indian GDP. Indian IT companies are well accredited for its quality software and services, well stated to be a major employment opportunity creator. Since, India has abundant labor resources and plays a major service provider across the globe. Many foreign companies are attracted to the Indian IT companies for its software development and for its service outsourcings. The recent outsourcing boom into India from the foreign countries mainly from US left an impact in the in the IT industry, which is accounted to be a major player in employment and foreign exchange. Approximately 60% of the Indian IT sectors revenue is fully based only on the US suppliers. Around 30% of the industrys revenue is generated from the financial services companies from US. Indian companies were appreciated for its flexibility in work, Qu ality product deliveries and for its efficient services. As there were no intense partnering between Indian firms and major financial services, major share of the IT firms were saved from the impact of the recession. Even though, some Indian IT companies partnered with US financial companies like Lehman Brothers Inc and Meryl Lynch Inc affected a little. This slowdown in the US economy lead 70% of the firms to negotiate for lower rates with their suppliers and nearly 60% have cut back the contracts. The sudden fall in the US economy reduced the growth of Indian IT firms down by 2-3%. Now and then many new outsourcing opportunities were given to the Indian companies from the US firms, which involved in mergers and acquisitions, since the companies would look forward to reduce its selling, general and administrative costs through offshore developments. Even when some firms were affected a little in the economic downturn, however this crisis created equal opportunities in the outsourcing side of the IT industry. Effects in Indian Financial Industry The Indian financial market remained resilient, when the foreign institutional investors disappeared. As the impact of the economic crisis, the mental attitude of investors took a drift to withdraw from risky markets ended with substantial capital outflow that led to a liquidity crunch putting Indian stock market under huge pressure. Indian market continued to be healthier since its prime drive is through domestic consumption which includes productivity in agricultural sector, domestic infrastructure products and through small medium enterprises. Indian banks have gained the investors trust and have most of the deposits, since most of the banks are nationalized and the investments are protected by the Indian Government. Even though the domestic banking is secure as the nationalized banks remain the core of the system. This economic crisis created fragility as many banks invested the investments of US financial firms into the derivatives. Many other factors like decline in the foreign exchange reserves held by Reserve Bank of India, diminished value of rupee with respect to US dollar value, and decline in the share value of the stocks. Steps for the Recovery Efforts made by the Reserve Bank of India to stop the depreciating rupee value led to a proportionate fall in the foreign reserves value of India. The Indian economy experienced a high inflow of money in the form of capital investment. This decreased the value of rupee with dollar; India faced a large trade deficit and factor payments abroad such as debt repayment and profit repatriation. Along with this the stock market side also showed a decline after its steady increase during previous months. The government of India and the Reserve Bank of India started responding to this challenge by following various efforts and procedures in order to maintain a free flow position of rupee liquidity, maintain the foreign exchange liquidity and maintain it credit tracks through strict monetary policies to avoid inflationary pressures. But however, it changed its current approach towards the current scenario eased the monetary constraints by reducing the interest rates, reduced the quantum of bank reserves impounded by central bank and expanded with liberalization to refinance facilities for export credit. To manage the foreign exchange, the Reserve Bank of India made an upward adjustment on interest rate ceiling on the foreign deposits by non-resident Indians. Substantially relaxed the external commercial borrowings regime for corporate. It allowed access to foreign borrowing to non banking financial companies and housing companies. The Reserve Bank of India even took many unconventional measures to boost up the economy from the liquidity scenario. Many Indian banks were given a currency swap facility especially for Indian rupee and US dollar to fulfill the short term fund requirements. IT also supported many non banking financial organizations through an exclusive refinancing channel. Housing and exports were boosted to reach higher levels by enabling the lending resources even to small industries. In addition to the various efforts of the Reserve Bank of India, the Central Government of India constituted the Fiscal Responsibility and Budget Management Act to make the fiscal sustainable in the global economic crisis. The emergency act by the government of India seeks a relaxation from the fiscal targets. Two fiscal acts were launched. Both the fiscal acts valued around 3% of the GDP, which included agricultural farmer loan waiver, infrastructure investments, additional coverage for SMEs and public spending. These fiscals were injected to stimulate demand. As the result the amount accounting to 7% of the GDP made available in the financial system. India is witnessing a mixed result of growth prospects in this economic downturn. The services sector which accounts for the 57% of the Indias GDP and has been the prime growth engine in the last five years is slowing mainly in the construction, transport, communication, trade, hotels and restaurants. Indias exports which account for 15% of the economy grew 3.4% to 168.7 billion in the fiscal year ended march 3108, missing a target of 200 billion set by the government. Corporate margins were down due to the high input costs and the weakened demand. Business confidence had been affected due to the uncertainty in the economic condition. India certainly had some advantages in this financial crisis. The inflation fell sharply, faster than expected, which is measured by the wholesale price index. Thus the fall in inflation should revive consumer demand and reduce costs for the corporate. Fiscal prices will open up the spending on the infrastructure developments as the decline in the global crude oil and naphtha prices will reduce the amount of subsidy given to the oil and fertilizer companies. Imports are expected to shrink more than the exports, to keep the current account deficits at some modest levels. The banking system in India with its well capitalized and prudently regulated measures, helped to sustain the financial market stability to a larger extent. Gaining confidence from the foreign investors on Indian economy is an additional plus, due to the comfortable levels of foreign reserves. The negative impact of the wealth loss effect in the capital markets that have plagued the developed countries will not affect India because majority of Indians have bordered themselves away from assets and equity markets. Credit for agriculture will also remain unaffected because of Indias mandated priority sector lending. The farm waiver package from the government acts as an additional insulation to the agricultural sector. Indias several social safety and awareness programs e.g. the rural employment guarantee program, will protect the poor and migrants from ill effects of global crisis. Conclusion Thus the global financial crisis made a hit in the Indian economy. After severe uncertainties in various sectors such as IT industry in India, Financial market in India, Non availability of global funds and impact in the export business have given broader outlook to the impact of the global financial crisis, starting from US and how it had en route to India. All the fields were discussed with several insights on how the various industries have been affected by this economic downturn, some had opportunities to grow and some were flattened, since the Indian economy is one of the emerging economies in the world, which recorded to be the least affected by this economic crunch. Even government faced a wide range a problems during this credit crunch. The Indian Government and The Reserve Bank of India, worked collaboratively with consultation and coordination, after initiating and implementing various processes, rules and acts, kept this huge economic problem under control. Thus the global economic crisis is inevitable till the economy of the developed, developing countries become stable and self sustainable. The effects of the economic downturn are a test to check the financial stabilities in market and regulations across the global economy.
Wednesday, October 2, 2019
Theme of Courage in To Kill A Mocking Bird :: Harper Lee
To Kill A Mocking Bird-courage Within the novel "to kill a mocking bird" the character Atticus finch defines courage as, "Courage is when you know you're licked before you begin, but you begin anyway and you see it through no matter what." Atticus takes the first step by being courageous to take the Tom Robinson case, defying the towns liking of prejudice, even his own sister thinks that he is disgracing the family by taking the case he explains with concern "The only thing we've got is a black man's word against the Ewells'. The evidence boils down to you-did-I-didn't. The jury couldn't possibly be expected to take Tom Robinson's word against the Ewells'. Scout believes at the beginning of the book that courage is all to do with physical feats like fist fighting. Scout and Jem though Atticus was courageous when he shot the mad dog, but Atticus just shrugged it off telling his children that that is not ?real courage?. The children soon see that moral courage is more valuable after Miss Dubose said "Your father's no better than the niggers and trash he works for!" Chapter 11, Page 113 after they walked past her house. On the way back Atticus just walked by and told Mrs. Dubose, ?you look as pretty as a picture? Mrs. Dubose was so stunned that she could not say a word back to him. Later Jem and scout leaned how courageous Mrs. Dubose really was after Jem cut up her camellia bushes, the kids found out that she was a morphine attic brave enough to get off the drug that killed her. Atticus was incredibly courageous taking on tom Robinsons case against the prejudice of Macomb County and he shows incredible courage when he says, "Simply because we were licked a hundred years before we started is no reason for us not to try and won." He wants the people of Maycomb to hear the truth about Tom Robinson, "That boy may go to the chair, but he's not going till the truth's told." Chapter 15, Page 146. He was against the whole white community including his own sister practically said that he was a disgrace to his family Atticus tells scout when she asks him why he is taking the case he says "For a number of reasons. The main one is, if I didn't I couldn't hold up my head in town, I couldn't represent this county in the legislature, I couldn't even tell you or Jem not to do something again.
Steps Towards An Ecosociety: Dealing With Air Pollution Essay -- essay
Steps Towards an Ecosociety: Dealing with Air Pollution This essay identifies and explains the problem of pollution facing humanity today. It will also propose one of the first ideas which could more effectively limit air pollution, Emission Credit Trading. This can be seen as one of the first steps in the development of an ecosociety. The notion of a viable ecosociety has created considerable problems in terms of deciding the most effective and efficient policies to be implemented. Air pollution has become one of the most serious environmental problems here at home, and throughout the rest of the world. Air pollution is also perhaps one of the more politically sensitive problems because of the numerous economic, environmental and health implications involved. A key step in the policy-making process is to define the problem to be remedied. If we can not understand the problem, how are we to know what needs to be fixed. Unfortunately, implementing policies on air pollution has the politically undesirable effect of having extensive economic consequences on all sectors of the economy. Therefore, those policies which lead to the development of an ecosociety must be aimed at having the greatest environmental impact while creating minimal economic distortions. For the purpose of this essay, pollution shall be identified as follows "...the deliberate or accidental introduction to the environment of contaminants, in the form of either wastes or products " (Bryner, 10). This essay will deal with the problem of air pollution. Air pollutants come from heavy industry, fumes from automobiles, jet planes and the like. When speaking of the automobile alone "...each gallon of gas burned releases 22 pounds of carbon dioxide in the atmosphere...the car is the single largest contributor to global warming " (Rifkin 179). Although the majority of the problem areas are in the developing world, these areas can affect the entire world. The atmosphere is not confined to borders like the land. Pollution spreads beyond the borders of any country, and as such, no one region can solve the problem alone. In some developing nations, there are areas that people and animals cannot live in for extended periods of time. One visitor to the Romanian 'black town' of Cops Mica noted that "the trees... ...eved, and the initial steps toward the ecosociety taken. Obviously this is not the ideal, having to put a price on the air we breath so as to ensure it's quality, but unfortunately it is the most viable option considering the social system in which we all live. Works Cited 1. Arnopoulos, P. Political Dimensions of an Information Society: A General Overview. Montreal: Gamma, 1982. 2. Bryner, G. ed. Global Warming and the Challenge of International Cooperation: An Interdisciplinary Assessment. Provo UT: Bringham Young University Press, 1992. 3. Gore, A. Biotechnology: Implications for Public Policy. Washington DC. : Brookings Institution, 1985. 4. Keller, E. Environmental Geology. Columbus: CE Merrill Publishing Co., 1985. 5. Mitchell, B. Canadian Resource Policies: Problems and Prospects. Toronto: Methuen, 1981. 6. Rifkin, E. Proteases and Biological Control. New York: Cold Spring Harbour Laboratory, 1975. 7. Saunders, DA Reintegrating Fragmented Landscapes: Towards Sustainable Production and Nature Conservation. New York: Springer-Verlag, 1993. 8. Vig, N and Kraft, M. Environmental Policy in the 1990's. Washington DC: C.Q. Press, 1990.
Tuesday, October 1, 2019
Holocaust Argument Paper
English 112- 10 am March 16, 2013 The Holocaust Dilemma The Holocaust created many broken hearts and hardships that have left the world with a great scar in their history. This terrible event that occurred during WWII in Jewish concentration camps should not be taken lightly when speaking of it. Many scientists believe that good information came about of the Holocaust and although this can be accurate it is wrong to consider using information that was collected through pain, murders, injustices, and inhumane acts of cruelty to Jewish men, women, and children.Heavy experimentation was conducted on unwilling patients in concentration camps during World War II. Experiments on hypothermia, hemorrhage, altitude sickness, air pollution, etc. were conducted on innocent Jewish people with the pretext that Jewish lives were nonetheless already condemned. Much information was obtained through this heavy experimentation thus many doctors and scientist today claim that this information should be used due to the accuracy of human testing compared to animal testing. Lives can be saved with this information; hence the lives of the murdered Jews will not be left in vain.There have been cases where Nazi data could have been relevant and justified to use because of multiple medical advances. Take the chilling/ freezing bodies experiments for consideration; Doctor John Hayward, a Biology Professor at the Victoria University in Vancouver, Canada conducted freezing experiments on willing candidates; however, he did not let the body temperature of his patients drop under 36 degrees. According to Peter Tyson in ââ¬Å"The Experiments,â⬠Hayward tested many methods to find the most efficient and fastest way to rewarm the frozen body.Although he ethically conducted these experiments, they were not nearly as valuable as the experiments compared to the tests conducted by the Nazis in Dachau because they immersed victims in lower temperatures. The Environmental Protection Agency (EPA ) also questioned whether or not the data retained from the Holocaust should be utilized when testing air pollutants such as phosgene used in the manufacturing of pesticides and plastic. Phosgene is very dangerous, attacking mainly the lungs and creating a mucus build up leading to death of ââ¬Å"drowningâ⬠.EPA had information of phosgene because of animal testing but is not nearly as accurate as human testing. In this case, Nazi data could have been a good resource to help save lives of workers and commuters who were constantly in contact with the air pollutant phosgene. Although it seems logical to turn to the data obtained from Nazi experimentation obtained from tests held in multiple different concentration camps, there are several reasons why this information should not be utilized. First of all there are large physiological differences between malnourished tortured Jews versus the regular average Joe.Second of all the scientific integrity of Nazis is questionable due to extreme prejudice and hate toward the Jewish; third of all the fact that the information attained after Nazi testing was never published creates misgivings in trusting that this data is correct. Scientists and doctors must consider the fact that all Jewish, gypsies, and people with disabilities were very unhealthy during experimentation. Dehydrated, hungry, poisoned, tortured, and so many other things were implemented on these innocent people.How can these test results be primarily employed when these Holocaust victims do not have nearly the same health people do today? According to Doctor Jay Katz of the Yale University School of Law, ââ¬Å"Those experiments revealed nothing which civilized medicine can useâ⬠and that, ââ¬Å"gross violation of human standards that they are not to be trusted at all. â⬠Malnourishment and abuse was inflicted to mass groups of concentration camp victims thus their health does not measure up causing information obtained during WWII inaccura te. There are different methods in finding cures for hypothermia, altitude sickness, infectious diseases, etc. hrough heavy scientific research and development. Skepticism is inevitable when the so called experiments conducted by the Nazis to Jews are not published. Maybe it is the fact that much of the data necessary such as: sex, weight, and age are missing in many of the documentations. According to Baruch C. Cohen in the Jewsih Law Article, The Ethics Of Using Medical Data From Nazi Experiments, ââ¬Å"The data was not recorded from scientific hypothesis and research, but rather, it was inspired and administered through racial ideologies of genocide. Although this abuse was inflicted with the justification that it was mere experimentation, it does not seem safe to use when vital information is absent. Experiments conduce important information; however scientific experimentation is recorded with different body ranges such as: sex, age, weight, medical history, etc. if this inform ation is lacking then wouldnââ¬â¢t there be a large concern that Nazi data will not be accurate enough to help lives today but rather perpetrate medical patients.Yes there is always a risk when surgeries are performed, but personally I would want the information to come from someone who was tested with the same disease to be in similar health than me. Not only was medical experimentation immoral in Nazi concentration camps but there was also other horrid experimentations inflicted on the victims of Holocaust concentration camps. In the United States Holocaust Memorial Museum there are pictures that prove human flesh was utilized for lamp shades and book bindings along with other preserved body parts such as hair and remaining organs from experimentation.Soap made from human bones and flesh was also made from the testing in WWII Holocaust concentration camps. How can one imagine showering while the condensed body of a loved one melts on their skin? How can doctors today still beli eve it is ok to use all the information gathered through agony, pain, and unjust suffering of innocent Jews? How can a scientist be so lazy to morally and ethically make discoveries through heavy research? It is wrong to use information discovered through the abominable experiments inflicted in concentration camps during the Holocaust when there are other ways to find similar sightings.The inhumane acts of violence and repulsive experiments tested on those who were victims of concentration camps during the Holocaust have created tinted data. Although it may be tempting to review the data discovered though human testing in German concentration camps, scientists and doctors need to find a different method to discover similar data because this information may be inaccurate. As mentioned in previous paragraphs it is unethical and immoral to use the information gathered from scientists in the Holocaust concentration camps because their tests were conducted by prejudice and hatred reasoni ng.Sources Cited Kor, Eva Mozes. ââ¬Å"Nazi Experiments as Viewed by a Survivor of Mengele's Experiments. â⬠Caplan, Arthur L. When Medicine Went Mad: Bioethics and the Holocaust. Totowa: Humana Press, 1992. 7. Book. Cohen, Baruch C. ââ¬Å"The Ethics Of Using Medical Data From Nazi Experiments. â⬠1997. Jewish Law Articles. Web. 1 December 2011. Remember. ââ¬Å"Medical Experiments of the Holocaust and Nazi Medicine. â⬠n. d. Remember. Web. 27 November 2011. Tyson, Peter. ââ¬Å"The Experiments. â⬠October 2000. NOVA Online. Web. 28 November 2011. ââ¬Å"Nazi Propaganda. â⬠6 January 2011. United States Holocaust Memorial Museum. Web. 28 November 2011.
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