The stranger commentary Essay Example for Free

The stranger commentary Essay To get to the visiting room I went down a long corridor, then down some stairs and, finally, another corridor. I walked into a very large room brightened by a huge bay window. The room was divided into three sections by two large grates that ran the length of the room. Between the two grates was a space of eight to ten meters, which separated the visitors from the prisoners. I spotted Marie standing at the opposite end of the room with her striped dress and her sun-tanned face. On my side of the room there were about ten prisoners, most of then Arabs. Marie was surrounded by Moorish women and found herself between two visitors: a little, thin-lipped old woman dressed in black and a fat, bare headed woman who was talking at the top of her voice and making lots of gestures. Because of the distance between the grates, the visitors and the prisoners were forced to speak very loud. When I walked in, the sound of the voices echoing off the rooms high, bare walls and the harsh light pouring out of the sky onto the windows and spilling into the room brought on a kind of dizziness. My cell was quieter and darker. It took me a few seconds to adjust. But eventually I could see each face clearly, distinctly in the bright light. I noticed there was a guard sitting at the far end of the passage between the two grates. The lines 73-74 of the book The Stranger written by Albert Camus, it talks about Merusault indifference and his perception towards life. Through the successful use of syntax, imagery and tone, Albert Camus created an atmosphere of indifference while putting the reader in the protagonists shoes. Syntax is a key literary device used throughout the book, especially in lines 73-74. All Merusault narration varies in a way that reflects his attitudes toward the world around him. When describing his social or emotional situations, his sentences are short, precise, and offer minimal detail. For example Most of the Arab prisoners and their families had squatted down facing each other. They werent shouting. In this scene, Marie visits Merusault in the jail and relatives or friends visit other jail mates. Merusault tells only the essentials of what he sees and rarely uses any literary devices. His focus of attention is not on Marie but rather on the environment and surroundings. These meager descriptions display Merusault indifference to society and to the people around him. Like the vigil that he attended earlier in the story, he doesnt feel happy or sad when a person close to him passes away or visits during a time of dismay- hes indifferent. Another example is A little, thin-lipped old woman dressed in black and a fat, bareheaded woman who was talking at the top of her voice and making lots of gestures. This is viewed from a different perspective where his longer descriptive sentences are about others rather than himself. Although he saw Marie, he described the commotion around him and even what the people were wearing rather than detailing commenting about the beauty of Marie or even the way she dressed. This further shows that Merusault attitude towards the world is by far stronger than his attitude towards the people close to him. Imagery is perhaps the second key literary devices used in lines 73-74. By having Merusault narrate the story, it allows the reader to see and feel the way he feels. Furthermore, by describing what he sees enhances our understanding about his character and how he perceives things. For example To get to the visiting room I went down a long corridor, then down some stairs and, finally, another corridor. I walked into a very large room brightened by a huge bay window. In this excerpt, Merusault was told that Marie was there to visit him. On his way down to the visitors room, we can see that he was busy observing the objects around him rather than reminiscing about his past with Marie. This reveals another aspect about his character; he accepts the world as it is because he knows that nothing is dynamic enough to change the world. Seeing Marie would not revert his to-be-execution or world it get him out of jail. Although we may see this a negative aspect of Merusault, it does in a way benefit him. He has proven that he doesnt live a life of illusions but rather a life that is true to him. Another literary device that is powerfully used in this passage is tone. Tone is used in this passage For example My cell was quieter and darker. It took me a few seconds to adjust. But eventually I could see each face clearly, distinctly in the bright light. I noticed there was a guard sitting at the far end of the passage between the two grates. The tone of Merusault in this excerpt is mellow, calm and relaxed. This is rather ironic because someone who has been spending much time with him was there to visit and yet his tone wasnt joyful or anything. He should be exuberant that shes here to visit him but his tone shows otherwise. This reveals more about his character and how hes more or less emotionless. In conclusion, through the use of syntax, imagery and tone, Albert Camus has successfully described the protagonists indifference towards the people and the world.

Teamwork Analysis Essay -- Team Building Papers

Teamwork Analysis Abstract The purpose of this assignment is for each learning team to apply what team members are learning about successful teams to an in-depth analysis of itself. As teams go through development stages, the members learn how people feel about themselves and what the content of the task that is to be accomplished, based on each stage that is achieved. Describe the process your team has used to form, storm, norm, and perform. At this point, where do you believe your team is in the team formation process? Team A was initially formed by our professor, and everyone had their anxieties and questions about the other members. After the team was formed, a Team Charter was developed to gather information about everyone on one document, so we would all know each others strengths, weaknesses, and contact information. We realized that our team was a diverse team, with members scattered in several different time zones, including Africa. We had an initial conference call to check the temperature of everyone, but not everyone could participate in the call. Once everyone agreed to the team charter, it was suggested that each person on the team be a leader for a week, leaving the last week without an actual leader. The plan was to let the last week have everyone work together without a leader, but to draw virtual straws to decide who would post that week’s team assignment. The team members were listed in alphabetical order, which is the same order each person was assigned a week. Team A was successful at reaching the next stage of development, which is storming. The team had some initial problems durin... ... Caouette, M.J. & O’Connor, B.N. (1998). The impact of group support systems on corporate teams’ stages of development. Journal of Organizational Computing and Electronic Commerce, 8(1), 59-60. Chupp, M. (2002). Reaching for Higher Ground in Conflict Resolution. International Journal of Conflict Management. 13(2). Retrieved February 11, 2005, from EBSCOhost database. Horton, T. R. (1992). Delegation and team building: No solo acts please. Management Review, 81 (9), 58. Mckenna, P.J., Meister, D.H. (2002). Playing by the rules. Industrial Management. 44 (5), 8-14. Retrieved February 14, 2005, from EBSCOhost database. McShane, S.L. & VonGlinow, M.A. (2004). Foundation of team dynamics. Organizational Behavior, second edition (pp 238-240). Â ©The McGraw-Hill Companies.

Case 35: Stock Repurchase Program Recommendation

Memo To:Rajat Singh, managing director at Hudson Bancorp From: Date:08/01/2002 Re:Stock Repurchase Program Recommendation The purpose of this memo is to examine whether Deluxe Corporation should increase borrowings to buyback stocks. After considerable analysis of the company’s financial position, we recommend that Deluxe Corp. to borrow up to $1. 023 billion to buy back 34,175 shares. In order to achieve this, Deluxe will need to lower its bond rating from A rating to BBB , which results in a decrease in WACC from 11. 47% to 9. 5%. By doing this, Deluxe ’s WACC is minimized, yet the bond rating is still at investment –grade rating; plus, the firm will have a financial flexibility of $872 million, and an increase in its equity value per share by $35. 34. This memo explains in detail the calculation of the current WACC, the current intrinsic equity value, the unused debt capacity at different ratings, and the recommended WACC as well as the estimated increase in e quity value with respect to the new WACC at the recommended debt borrowing level.Current WACC Based on our calculation, the current WACC is 11. 47% as of August 01, 2002. In this calculation, for the borrowing rate, we use 5. 70% regarding Deluxe’s bond rate A from Exhibit 8. The marginal tax rate is is projected to be 38%. We use 5. 41% for the risk free rate of return with respect to the 20 years U. S Treasury bond. The equity risk premium and beta are given at 6% and . 85, respectively.Since the beginning of 2002, Deluxe had retired all of its long term debt, we calculate the total debt by adding the short-term debt and the long-term debt due within one year to arrive at $151 million; for the total equity, we multiply the number of shares outstanding which is given in the company’s 2001 Financial Summary, by the market adjusted close price per share which we look up in yahoo finance to get to $1,568 million. For the small stock risk premium, we use 1. 73% as Deluxeà ¢â‚¬â„¢s total equity is between $1. 05 billion and $1. 6 billion. Current intrinsic equity valueDeluxe’s intrinsic equity value as of August 1, 2002 using a discounted cash flow analysis and the current WACC of 11. 47% has a premium of $2. 38 over the current market value. We estimate the terminal value growth rate to be at -2%; we make this assumption by taking the average of the industry’s annual decline growth rate between 1% and 3%. The free cash flows for 2002-2006 are taken from the company’s Financial Forecast; and, to calculate the terminal year’s free cash flows, we grow it by -2% and divide it by the difference between the WACC and the long term growth rate.Since August 1st is our evaluation date, there is still 5 months left for 2002, the cash flow to be received for 2002 is calculated by taking the total cash flow times 5/12, and for the remaining years, the cash flow to be received is equal to the total cash flows. And, finally, for the midy ear factor ,we also take same caution that t are 5 months left to receive cash flows, and payments are made semiannually . Thus, our mid-year factor for 2002 is 5 over 24, and (5+6) over 12 for 2003, and for the remaining years we add 1 to the prior year’s midyear factor.Flexibility by rating Our analysis of the flexibility in allowed debt under each bond rating provided us the maximum allowable unused debt for each rating. We calculated this figure by considering both the interest coverage ratio as well as the leverage ratio, and then using the smaller of the two figures. We calculated the maximum allowable debt using the leverage ratio by multiplying the five-year EBITDA average times the required leverage ratio under each credit rating. The lower the credit rating the larger the allowable debt becomes.By choosing the lower of the two calculations, the maximum allowable debt under credit rating AAA is 278. 9 million and ranges up to 2,456. 6 million for bond rating B. In or der to maintain an investment grade rating, Deluxe’s maximum allowable debt would be 1,023. 5 million. Recommended WACC In calculating the WACC for each bond rating, we altered several components for each. First, the borrowing rate increases as the bond rating decreases. These figures were provided in Exhibit 8. Second, we recalculated beta taking into account the changes in the debt/equity capitalization structure using.The re-levered beta was calculated using the levered and unlevered information. Third, as ratings declined their debt/equity ratio increased and altered their weighted cost of debt. Fourth, their equity/debt ratio decreased as their bond rating declined. Our final calculations of the WACC for each bond rating went from 11. 47% at AAA down to 9. 95% at BBB and back up to 11. 02% at a B rating. We recommend using the debt level allowed under the BBB rating since it maintains our status as investment grade bonds and also provides the lowest possible WACC. Estima te increase in equity valueTo determine the number of shares to be repurchased in the upcoming repurchase program, we used the maximum allowable debt under the BBB bond rating and subtracted our current debt to determine the total funds to be used to repurchase shares. In order to determine the number of shares that could be repurchased, we divided the total allowable debt by the current market per share price. This resulted in a recommended repurchase of 34,175 shares. Next, we conducted a free cash flow analysis to determine the intrinsic enterprise value of Deluxe Corporation.This analysis is similar to the one conducted for the Current intrinsic equity value. However, we lowered the WACC to reflect our recommended credit rating. In estimating the total increase in shareholder value from this repurchase program, we took enterprise value minus the maximum allowable debt at the BBB rating. This gave us the equity value of Deluxe Corporation. Then, we divided the equity value by the current outstanding shares net of the repurchase program. This gave us equity per share value of $63. 24. In comparing this to the old equity per share value, we found an increase of 127%.This is a highly favorable move for the shareholders of Deluxe Corporation. Concluding Recommendation We believe Deluxe Corporation should borrow funds in the amount of $872 million for the stock repurchase program. By borrowing these funds, Deluxe Corporation will be able to increase their equity value per share by 127% while still maintaining investment grade status. Deluxe is aiming for a flexible capitalization structure, and by borrowing more debt we believe they can achieve this due to the high cost of equity. If you have any question or concern, please feel free to contact us via emails:

A Research Study On Group Therapy - 1262 Words

During nursing we have been subject to take care of many intoxicated patients and rarely are we given the opportunity to see them heal outside of the hospital. The group that was chosen was an Alcoholics Anonymous group in Rapid City, SD. The group experience took place on June 15, 2016 at 5:30 pm at their 325 Deadwood Ave. location. AA is a private organization that focuses solely on recovering alcoholics they are member ran groups that do not accept any outside funding and stay un-opinionated about any outside events. The main focus in AA is to make all alcoholics feel welcome and for membership all that is needed is a desire to stop drinking. Keywords: AA-Alcoholics Anonymous, group therapy, group norms, universal norms, group-specific norms, group dynamics, open groups, closed groups, democratic leadership, homogenous, heterogeneous, secondary group Happy Hour with the AA Group Group therapy is used in several different settings today there are inpatient groups, outpatient groups, addiction groups, and grieving groups. There is most likely a group for anyone no matter what kind of assistance that they are in need of. Rothwell (2013) defines a group as a â€Å"human communication system composed of three or more individuals, interacting for the achievement of some common goals who influence and are influenced by each other.†(Arnold Underman Boggs, 2016, p. 136) The purpose of group therapy is to add additional support to people and families that are in need of support,Show MoreRelatedA Research Study On Group Therapy1178 Words   |  5 Pagesmedication and therapy. 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