Essay On Corporate Finance - 806 Words

Corporate Finance in the age of Thinking Computers. Just like humans, computers can now learn and adapt, thanks to machine learning, a subfield in AI. With artificial neural networks to mimic those of the human brain, intelligent computers can learn from examples, meaning that no task specific programming is required. While machine learning technology is still at infant stages in most industries, it is making ground breaking milestones in the financial sector. Among the areas experiencing major transformations is corporate finance. AI, in general, has been proliferating in the financial sector, with a study by Oxford Economics showing high reception among financial executives. The study, which involved 1500 financial executives†¦show more content†¦With the high volatility in todays global economy and regulatory environment, financial executives need to move beyond the traditional annual budget cycle if they are to make well-informed decisions. Machine Learning has ensured this by making it possible to analyze huge chunks of data within split second, learn from it, and provide highly accurate real time information for decision making. Brown also notes that AI relies on live, integrated business data and therefore financial managers can leverage of information from other departments in a firm when making decisions. For instance, through the technology, financial managers can monitor how consumers are responding to a new product and update projections correspondingly. Similarly, the financial team can take advantage of the data from the human resource to identify compensation strategies that ensure employee retention and reduces turnover. In other words, automation through AI enables CFOs and other financial managers to get data insights from marketing, human resource, supply chain, and RD, for better financial decision making. Even better is the fact that through machine learning, the financial systems in a firm keep improving themselves to accommodate even the tiniest changes in data. AI and machine learning also have a significant role to play in helping companies meet regulatory and compliance requirements at a lower cost. As Steve Culp of AccentureShow MoreRelatedCorporate Finance Essay1150 Words   |  5 PagesCorporate Finance Essay Most corporate financing decisions in practice reduce to a choice between debt and equity. The finance manager wishing to fund a new project, but reluctant to cut dividends or to make a rights issue, which leads to the decision of borrowing options. The issue with regards to shareholder objectives being met by the management in making financing decisions has come to become a major issue of recent times. This relates to understanding the concept of the agency problem. It dealsRead MoreCorporate Finance Essay1908 Words   |  8 PagesSample Test_MT2_FINA 3101_summer_2013 ____ 1. Travis Corp.s bonds currently sell for $1,050. They have an 8% annual coupon rate and a 20-year maturity, but they can be called in 5 years at $1,120. Assume that no costs other than the call premium would be incurred to call and refund the bonds, and also assume that the yield curve is horizontal, with rates expected to remain at current levels on into the future. Under these conditions, what rate of return should an investor expect to earn ifRead MoreCorporate Finance Essay959 Words   |  4 PagesTo start any business activities in an organization or a group of it calls for the managers to decide on how to finance the whole project execution; managers are compelled to seek consultative meetings from which a lot of thoughts and strategic plans are laid down systematically. To start the business, owners or shareholders are required to make a choice and put attention to the existing multiple and differing financing options, terms, and conditions that require contractual ar rangements. It is,Read MoreEssay Corporate Finance1613 Words   |  7 Pages Why is corporate finance important to all managers? Corporate finance is a specific area of finance dealing with the financial decisions corporations make and the tools as well as analyses used to make these decisions. The primary goal of corporate finance is to enhance corporate value, without taking excessive financial risks. A corporations managements primary responsibility is to maximize the shareholders wealth which translates to stock price maximization. Corporate finance providesRead MoreCorporate Finance Essays7800 Words   |  32 PagesABC’s capital expenditures and its financing 9 2.3. Comparison of ABC’s capital structure with similar companies 10 2.4. Characteristics of the company influencing the leverage policy 11 2.4.1. Tax advantage 11 2.4.2. Corporate tax rate 11 2.4.3. Earnings before tax and interest 11 2.4.4. Interest rate 11 2.4.5. Credit rating 12 2.5. Pecking order theory 13 2.6. Optimal capital structure 13 3.Dividend 14 3.1. Dividend policyRead MoreEssay on The Bible And Corporate Finance2064 Words   |  9 Pagesï » ¿ The Bible and Corporate Finance People rarely associate religion with the business world or the finance industry, nor do they think religion can guide the practice.   From a logical standpoint religion and a firms operations do not correlate. From a societal view people see good religious peoples businesses fail while godless industries thrive.   The question usually asked is how does the Bible apply to business world?   The real question should be how could the Bible and God guide me in my professionRead MoreCorporate Finance Essay examples4203 Words   |  17 Pages7*:(*$11-885A13*.--+-*$3-).$).$2-*@3B%-)5*$%-23%4-)52-)23?+$*$)*+*2@-+93)-4+*-=7-$ 4226 | Monmouth, Inc. 10 Exhibit 7 Information on United States Capital Markets I.! Interest Rates in May 2003 30-Year U.S. U.S. Corporate Bonds Rated Treasury Bonds AA A BBB BB 4.10% 4.52% 5.07% 6.07% 7.96% II.! Estimated Market Risk Premium = 6% over 30-Year U.S. Treasury Bonds III.! Median Values of Key Ratios by Standard Poors’ Rating Category AAA AA A BBB BB B Times InterestRead MoreEMI Corporate Finance Essay7263 Words   |  30 Pages â€Å"IFPI: 07 Digital Music Report,† January 2007. This case was written by Elizabeth W. Shumadine (MBA ’01), under the supervision of Professor Michael J. Schill, based on public information. Funding was provided by the L. White Matthews Fund for Finance case writing. Copyright  © 2008 by the University of Virginia Darden School Foundation, Charlottesville, VA. All rights reserved. To order copies, send an e-mail to sales@dardenbusinesspublishing.com. No part of this publication may be reproduced,Read Moreprinciple of corporate finance solution Essay1401 Words   |  6 Pagesï » ¿CHAPTER 2 How to Calculate Present Values Answers to Problem Sets 1. If the discount factor is .507, then .507*1.126 = $1 2. 125/139 = .899 3. PV = 374/(1.09)9 = 172.20 4. PV = 432/1.15 + 137/(1.152) + 797/(1.153) = 376 + 104 + 524 = $1,003 5. FV = 100*1.158 = $305.90 6. NPV = -1,548 + 138/.09 = -14.67 (cost today plus the present value of the perpetuity) 7. PV = 4/(.14-.04) = $40 8. a. PV = 1/.10 = $10 b. Since the perpetuityRead MoreCorporate Finance Exam Mba Essay3200 Words   |  13 Pagesover other types of firms. One of them is the unlimited liability.Answer | | | | | Selected Answer: |   False | Correct Answer: |   False | | | | | * Question 4 1 out of 1 points | | | Two important financing decisions for a corporate financial manager are debt policy decision and dividend policy decision. Debt policy asks what level of debt is best for the firm. The dividend policy asks what dividend payout ratio is best for the firm.Answer | | | | | Selected Answer: |

The Lion, the Witch and the Wardrobe Free Essays

C. S Lewis wrote the novel The Lion, the Witch and the Wardrobe initially for his Goddaughter in order to keep her in touch with Christianity. What Lewis did not realize is that many adults would also enjoy the fantasy children’s novel as well. We will write a custom essay sample on The Lion, the Witch and the Wardrobe or any similar topic only for you Order Now The narrative is filled with mythical creatures, humorous moments, and suspenseful situations. Although many events and characters seem improbable, the four children in the book—Peter, Susan, Edmund, and Lucy—are realistically portrayed as well-rounded characters with individual strengths and faults. Although the novel is recognized as a children’s fantasy book, it is also popular with adults as the story contains bits of modern culture, vivid descriptions of violence and is heavy on Christian allegory. As much as the readers enjoy the magical land of Narnia, 21st century life is not exactly full of Dryads, Naiads and Fauns frolicking and feasting in the summer woods. By contrast, in today’s children’s fantasy novels, not every injustice is punished, and not all the good people live happily ever after: some of them die, because that is reality. Between school shootings, gang violence and child abuse is seems as though reality is thousands of miles away from the fantasy of complete and total justice in Narnia. What readers of all ages can relate to, however, is betrayal. For example, spouses who cheat, employees who steal from their employers, and friends who tell lies. This modern idea of betrayal is where readers from any age can relate to the novel. In the narrative, Edmund’s first betrayal is a small but unpleasant one: â€Å"Up to that moment Edmund had been feeling sick, and sulky, and annoyed with Lucy for being right, but he hadn’t made up his mind what to do. When Peter suddenly asked him the question he decided all at once to do the meanest and most spiteful thing he could think of. He decided to let Lucy down† (Lewis 48). Edmund lies about his trip to Narnia in order to make himself look superior in the eyes of his older siblings. This small cruelty will pave the way for his greater betrayal further in the story. Readers of any age can connect with the modern culture of betrayal in the novel, where minimal details are explored that over time lead to Edmund turning his back on his siblings. This novel features an odd mix of childish adventure and bloody battles. Young children who read this story enjoy the fairy-tale aspects, while older readers can appreciate the repetition of scenes in which the children are often comforted by the sudden availability of tea, and the way the forces of good seem to always outweigh the evil. The use of violence throughout the novel deals strictly with fantasy for children, where it is mainly used for excitement. On the other hand, for older readers the violence in the novel can be seen as consequential where extreme force is used as simply last resort. For example, as the head of the forces of evil, the White Witch is not playing a long hand when she exclaims, â€Å"Summon all our people to meet me here as speedily as they can. Call out the giants and the werewolves and the spirits of those trees who are on our side. Call the Ghouls, and the Boggles, the Ogres and the Minotaurs. Call the Cruels, the Hags, the Spectres, and the people of the Toadstools. We will fight† (Lewis 149) There are many different creatures in Narnia that follow the White Witch and she merely acts as their stone cold captain. This quote explores evil where it is not an isolated incident in Narnia – it is the idea of violence and commands a great deal of power. The Lion, the Witch and the Wardrobe functions as a spiritual allegory where one does not have to be too familiar with the Bible to recognize some of the key characters and themes. Without doubt, Aslan represents Jesus Christ, and also God himself, whereas the White Witch represents Satan. Narnia, where the adventure happens, visibly represents the Kingdom of God. Clearly there is no direct retelling of any of the Bible stories; however, readers can find elements taken and redistributed for younger readers. In addition, having this biblical reality come to life is important to ensure a committed Christian lifestyle not only for children, but also for adults. For instance, when Edmund arrives in Narnia alone, he immediately meets the White Witch where he is tempted with the enchanted Turkish Delight and the promise of becoming a prince of Narnia. The White Witch explains to Edmund, â€Å"I think I would like to make you the Prince – some day, when you bring the others to visit me† (Lewis 40). Succumbing to temptation is a very powerful theme in the Bible, where Jesus is tempted by Satan in the wilderness with promises of great power. Not only does Lewis restate certain events in the life of Jesus in a context that is easy to understand, most importantly, readers of all ages can both relate to and enjoy the fantasy of Narnia. An understanding of the modern reality, use of violence and Biblical allegory in the novel is essential in satisfying both younger and older readers. The Lion, the Witch and the Wardrobe has already established itself as a timeless novel that appeals to both the atheists and Christians, the uneducated and to scholars, and lastly to children and adults. In addition to being a children’s fantasy book, it is an adventure story in which the heroes set out on a quest to recover their kidnapped friend and end up ruling the land. An analysis of this narrative, however, allows readers of any age to fully appreciate Lewis’ unique gift to simplify complex ideas and craft beautiful children’s fantasies. Thus, this allows the reader of any age group to gain a deeper understanding of Lewis as a skilled creative writer and a deeper satisfaction of his artwork, The Lion, the Witch and the Wardrobe. How to cite The Lion, the Witch and the Wardrobe, Papers

My Baptism free essay sample

Baptism: The Door of the Church: The Sacrament of Baptism is often called The door of the Church, because it is the first of the seven sacraments not only in time (since most Catholics receive it as infants) but in priority, since the reception of the other sacraments depends on it. It is the first of the three Sacraments of Initiation, the other two being the Sacrament of Confirmation and the Sacrament of Holy Communion. Once baptized, a person becomes a member of the Church. Traditionally, the rite (or ceremony) of baptism was held outside the doors of the main part of the church, to signify this fact. The Necessity of Baptism: Christ Himself ordered His disciples to preach the Gospel to all nations and to baptize those who accept the message of the Gospel. In His encounter with Nicodemus (John 3:1-21), Christ made it clear that baptism was necessary for salvation: Amen, amen I say to thee, unless a man be born again of water and the Holy Ghost, he cannot enter into the kingdom of God. We will write a custom essay sample on My Baptism or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page For Catholics, the sacrament is not a mere formality; it is the very mark of a Christian, because it brings us into new life in Christ. Baptism of Desire: That doesnt mean that only those who have been formally baptized can be saved. From very early on, the Church recognized that there are two other types of baptism besides the baptism of water. The baptism of desire applies both to those who, while wishing to be baptized, die before receiving the sacrament and Those who, through no fault of their own, do not know the Gospel of Christ or His Church, but who nevertheless seek God with a sincere heart, and, moved by grace, try in their actions to do His will as they know it through the dictates of conscience (Constitution on the Church, Second Vatican Council). Baptism of Blood: The baptism of blood is similar to the baptism of desire. It refers to the martyrdom of those believers who were killed for the faith before they had a chance to be baptized. This was a common occurrence in the early centuries of the Church, but also in later times in missionary lands. The baptism of blood has the same effects as the baptism of water. The Form of the Sacrament of Baptism: While the Church has an extended rite of Baptism which is normally celebrated, which includes roles for both parents and godparents, the essentials of that rite are two: the pouring of water over the head of the person to be baptized (or the immersion of the person in water); and the words I baptize you in the name of the Father, and of the Son, and of the Holy Spirit. The Minister of the Sacrament of Baptism: Since the form of baptism requires just the water and the words, the sacrament, like the Sacrament of Marriage, does not require a priest; any baptized person can baptize another. In fact, when the life of a person is in danger, even a non-baptized person—including someone who does not himself believe in Christ—can baptize, provided that the person performing the baptism follows the form of baptism and intends, by the baptism, to do what the Church does—in other words, to bring the person being baptized into the fullness of the Church. Infant Baptism: In the Catholic Church today, baptism is most commonly administered to infants. While some other Christians strenuously object to infant baptism, believing that baptism requires assent on the part of the person being baptized, the Eastern Orthodox, Anglicans, Lutherans, and other mainline Protestants also practice infant baptism, and there is evidence that it was practiced from the earliest days of the Church. Since baptism removes both the guilt and the punishment due to Original Sin, delaying baptism until a child can understand the sacrament may put the childs salvation in danger, should he die un-baptized. Adult Baptism: Adult converts to Catholicism also receive the sacrament, unless they have already received a Christian baptism. (If there is any doubt about whether an adult has already been baptized, the priest will perform a conditional baptism. ) A person can only be baptized once as a Christian—if, say, he was baptized as a Lutheran, he cannot be rebaptized when he converts to Catholicism. While an adult can be baptized after proper instruction in the Faith, adult baptism normally occurs today as part of the Rite of Christian Initiation for Adults (RCIA) and is immediately followed by Confirmation and Communion. The Effects of the Sacrament of Baptism: My Baptism free essay sample The Sacrament of Baptism is often called The door of the Church, because it is the first of the seven sacraments not only in time (since most Catholics receive it as infants) but in priority, since the reception of the other sacraments depends on it. It is the first of the three Sacraments of Initiation, the other two being the Sacrament of Confirmation and the Sacrament of Holy Communion. Once baptized, a person becomes a member of the Church. Traditionally, the rite (or ceremony) of baptism was held outside the doors of the main part of the church, to signify this fact. The Necessity of Baptism: Christ Himself ordered His disciples to preach the Gospel to all nations and to baptize those who accept the message of the Gospel. In His encounter with Nicodemus (John 3:1-21), Christ made it clear that baptism was necessary for salvation: Amen, amen I say to thee, unless a man be born again of water and the Holy Ghost, he cannot enter into the kingdom of God. We will write a custom essay sample on My Baptism or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page For Catholics, the sacrament is not a mere formality; it is the very mark of a Christian, because it brings us into new life in Christ. Baptism of Desire: That doesnt mean that only those who have been formally baptized can be saved. From very early on, the Church recognized that there are two other types of baptism besides the baptism of water. The baptism of desire applies both to those who, while wishing to be baptized, die before receiving the sacrament and Those who, through no fault of their own, do not know the Gospel of Christ or His Church, but who nevertheless seek God with a sincere heart, and, moved by grace, try in their actions to do His will as they know it through the dictates of conscience (Constitution on the Church, Second Vatican Council). Baptism of Blood: The baptism of blood is similar to the baptism of desire. It refers to the martyrdom of those believers who were killed for the faith before they had a chance to be baptized. This was a common occurrence in the early centuries of the Church, but also in later times in missionary lands. The baptism of blood has the same effects as the baptism of water. The Form of the Sacrament of Baptism: While the Church has an extended rite of Baptism which is normally celebrated, which includes roles for both parents and godparents, the essentials of that rite are two: the pouring of water over the head of the person to be baptized (or the immersion of the person in water); and the words I baptize you in the name of the Father, and of the Son, and of the Holy Spirit. The Minister of the Sacrament of Baptism: Since the form of baptism requires just the water and the words, the sacrament, like the Sacrament of Marriage, does not require a priest; any baptized person can baptize another. In fact, when the life of a person is in danger, even a non-baptized person—including someone who does not himself believe in Christ—can baptize, provided that the person performing the baptism follows the form of baptism and intends, by the baptism, to do what the Church does—in other words, to bring the person being baptized into the fullness of the Church. Infant Baptism: In the Catholic Church today, baptism is most commonly administered to infants. While some other Christians strenuously object to infant baptism, believing that baptism requires assent on the part of the person being baptized, the Eastern Orthodox, Anglicans, Lutherans, and other mainline Protestants also practice infant baptism, and there is evidence that it was practiced from the earliest days of the Church. Since baptism removes both the guilt and the punishment due to Original Sin, delaying baptism until a child can understand the sacrament may put the childs salvation in danger, should he die un-baptized. Adult Baptism: Adult converts to Catholicism also receive the sacrament, unless they have already received a Christian baptism. (If there is any doubt about whether an adult has already been baptized, the priest will perform a conditional baptism. ) A person can only be baptized once as a Christian—if, say, he was baptized as a Lutheran, he cannot be rebaptized when he converts to Catholicism. While an adult can be baptized after proper instruction in the Faith, adult baptism normally occurs today as part of the Rite of Christian Initiation for Adults (RCIA) and is immediately followed by Confirmation and Communion. The Effects of the Sacrament of Baptism: Baptism has six primary effects, which are all supernatural graces: 1. The removal of the guilt of both Original Sin (the sin imparted to all mankind by the Fall of Adam and Eve in the Garden of Eden) and personal sin (the sins that we have committed ourselves). 2. The remission of all punishment that we owe because of sin, both temporal (in this world and in Purgatory) and eternal (the punishment that we would suffer in hell). 3. The infusion of grace in the form of sanctifying grace (the life of God within us); the seven gifts of the Holy Spirit; and the three theological virtues. 4. Becoming a part of Christ. 5. Becoming a part of the Church, which is the Mystical Body of Christ on earth. 6. Enabling participation in the sacraments, the priesthood of all believers, and the growth in grace. Question: What is Baptism? Christian denominations differ widely on their teachings about baptism. Some believe baptism accomplishes the washing away of sin. Others consider baptism a form of exorcism from evil spirits. Still others teach that baptism is an important step of obedience in the believer’s life, yet only an acknowledgment of the salvation experience already accomplished baptism itself has no power to cleanse or save from sin. The following takes a look at the latter perspective called Believers Baptism: Answer: A general definition for the word baptism is â€Å"a rite of washing with water as a sign of religious purification and consecration. † This rite was practiced frequently in the Old Testament. It signified purity or cleansing from sin and devotion to God. Since baptism was first instituted in the Old Testament many have practiced it as a tradition yet have not fully understood its significance and meaning. In the New Testament, the significance of baptism is seen more clearly. John the Baptist was sent by God to spread the news of the coming Messiah—Jesus Christ. John was directed by God (John 1:33) to baptize those who accepted his message. John’s baptizing is called â€Å"a baptism of repentance for the forgiveness of sins. † Mark 1:4 (NIV). Those baptized by John acknowledged their sins and professed their faith that through the coming Messiah they would be forgiven. Baptism then is significant in that it represents the forgiveness and cleansing from sin that comes through faith in the Lord Jesus Christ. The Purpose of Baptism: Water Baptism identifies the believer with the Godhead – Father, Son Holy Spirit. â€Å"Therefore go and make disciples of all nations, baptizing them in the name of the Father and of the Son and of the Holy Spirit. † Matthew 28:19 (NIV) †¢Water Baptism identifies the believer with Christ in His death, burial and resurrection. â€Å"When you came to Christ, you were circumcised, but not b y a physical procedure. It was a spiritual procedurethe cutting away of your sinful nature. For you were buried with Christ when you were baptized. And with him you were raised to a new life because you trusted the mighty power of God, who raised Christ from the dead. † Colossians 2:11-12 (NLT) â€Å"We were therefore buried with Him through baptism into death in order that, just as Christ was raised from the dead through the glory of the Father, we too may live a new life. † Romans 6:4 (NIV) †¢Water Baptism is an act of obedience for the believer. It should be preceded by repentance, which simply means â€Å"change. † It is turning from our sin and selfishness to serve the Lord. It means placing our pride, our past and all of our possessions before the Lord. It is giving the control of our lives over to Him. Peter replied, Each of you must turn from your sins and turn to God, and be baptized in the name of Jesus Christ for the forgiveness of your sins. Then you will receive the gift of the Holy Spirit. Those who believed what Peter said were baptized and added to the churchabout three thousand in all. † Acts 2:38, 41 (NLT) †¢Water Baptism is a public testimony the outward confession of an inward experience. In baptism, we stand before witnesses confessing our identification with the Lord. †¢Water Baptism is a picture representing profound spiritual truth: Death â€Å"I have been crucified with Christ and I no longer live, but Christ lives in me. The life I live in the body, I live by faith in the Son of God, who loved me and gave himself for me. † Galatians 2:20 (NIV) Resurrection â€Å"We were therefore buried with Him through baptism into death in order that, just as Christ was raised from the dead through the glory of the father, we too may live a new life. If we have been united with Him like this in His death, we will certainly also be united with Him in His resurrection. † Romans 6:4-5 (NIV) â€Å"He died once to defeat sin, and now he lives for the glory of God. So you should consider yourselves dead to sin and able to live for the glory of God through Christ Jesus. Do not let sin control the way you live; do not give in to its lustful desires. Do not let any part of your body become a tool of wickedness, to be used for sinning. Instead, give yourselves completely to God since you have been given new life. And use your whole body as a tool to do what is right for the glory of God. Romans 6:10-13 (NLT) Cleansing â€Å"And this water symbolizes baptism that now saves you also – not the removal of dirt from the body but the pledge of a good conscience toward God. It saves you by the resurrection of Jesus Christ. † I Peter 3:21 (NIV) â€Å"But you were washed, you were sanctified, you were justified in the name of the Lord Jesus Christ and by the Spirit of our God. † I Corinthians 6:11 (NIV) Questions On Baptism Friday, October 10, 2003 Home Greetings! Initiation of a non-Christian into the Roman Catholic Church is celebrated in a Rite called baptism. In this rite, a person is either immersed in water, or sprinkled with water by another Christian who says, I baptize you in the name of the Father, and of the Son, and of the Holy Spirit. What makes a baptism valid? Baptism is valid so long as water was used with the Trinitarian formula (See Mt 28:19 for the Trinitarian formula, and John 3:5 for the necessity of water). In an emergency, even tears or saliva could be used where running water is not present. Catholics believe that all people who have received water baptism in the Trinitarian formula are mysteriously united to the Churc h, and indwelt with the grace of Jesus Christ. What is grace? Grace is Gods favor, and more than this, it is the very life of God within a person through the Holy Spirit. With grace, three dispositions, or virtues are infused in the soul: faith, hope and love. God cannot co-exist with sin, and when we turn away from God, we can sin so badly as to cut off this flow of divine life within us. Catholics call this mortal sin, referring to the notion of deadly sin we find in 1 John 5:17. Yet, even when we sin mortally, the Council of Trent states that faith lingers in the soul to draw us back to Christ. Only blasphemy of the Holy Spirit an ongoing and deliberate rejection of the free gift of grace can damn us. We can trust teh one who started the work of salvation in us through baptism to bring it to completion. Is Baptism necessary for salvation? The Second Vatican Council affirms that the grace of baptism is necessary for salvation. Yet, the Council speaks of salvation outside, but not apart from the Church. Catholics believe that the grace of baptism is given through the rite itself, but is also provided to those who, through no fault of their own, have either never heard the Gospel, or heard the Gospel in a distorted manner so that they were unable to accept it. Many theologians (myself included) argue that anyone who has not actively rejected the Gospel as properly understood may be under the saving grace of baptismal grace. The Church has always maintained that the Old Testament prophets are counted among the saints in heaven. The Council of Trent affirmed that even prior to baptism, a grace called prevenient grace draws a person to baptism. Furthermore, the Church always taught that there is such a thing as baptism by desire. Traditionally, baptism of desire was used to refer to martyrs who were murdered while preparing for the rite of baptism. These various doctrines have lead theologians to the conclusion that there is saving grace available without strictly receiving water baptism. Yet, for a believer in Jesus Christ, it would make no sense to reject water baptism, since Christ himself was baptized and taught his disciples to baptize. In the early church, baptism was a public witness to becoming a Christian, and often a person was placing their life on the line by receiving the sacrament. To reject water baptism and claim to believe in Jesus is a contradiction, and in this sense, baptism is necessary for all believers. However, knowing that prevenient grace draws the sinner to the sacrament, many theologians today argue that there are two types of saving faith, and one depends on the other. Primordial faith is a trust in a vague and fuzzy awareness of divine holy mystery and openess to transcendant experience that goes beyond language. This faith is what begins the salvation process in us, and it is this grace that is spoken of when we say the grace of baptism is necessary for salvation. Many theologians since Karl Rahner argue that we are all born with the gift of such grace, even as we are all effected by original sin. If we respond to this grace, we seek language to describe the experience, and primordial faith is then translated into fiducial faith, which is the belief in a particular creed, doctrine, and set of religious practices. For the Catholic Christian, fiducial faith expresses itself and becomes actualized in cooperation with Christ through the sacraments. However, the non-Catholic may very well be saved by fiducial faith expressing primordial faith in a different cultural context. Who performs a baptism? Typically, a baptism is performed by a priests, but in an emergency, any Christian who has already received baptism can perform the rite. Catholics recognize the baptisms of other Christian demonimations as valid, so long as water was used, and the Trinitarian formula was followed. Catholics consider the rite of baptism to be a sacrament. Sacraments are outward signs of internal grace instituted by Christ and preserved in the Apostolic tradition. Catholics believe that Christ, himself, acts in each sacrament, so that even if a sacramental rite is performed by the worst sinner, the sacrament is valid. How often can baptism be received? Because it is the first step of initiation, baptism is only received one time in life, and Catholics do not believe anyone who has received a valid baptism needs to repeat it, even if the rite was performed before a person was fully mature, or the rite was by an imperfect person, or in a manner that was hasty or sloppy. Indeed, Catholics see it as a lack of faith to repeat baptism. At the same time, Catholics do bless themselves with holy water as they enter a church as a constant reminder of baptism. What are the effects of baptism? Perhaps the effects of baptism are best understood by looking at the symbolic meaning of the rite. Water is a natural symbol of birth, life, and cleanliness. It symbolizes birth as a mothers water is broken. It symbolizes life as we need it for nourishment. It symbolizes cleanliness as we bathe daily with water. Water also symbolizes death, as we can drown in water. In Judaism, ritual baths and purifications symbolized that we were making ourselves presentable to God, the most high and most holy and pure being of all. According to the New Testament, the baptism of John, who preceded Jesus was a baptism of repentance. The word for repentance in Greek means conversion, and is rooted in the notion of turning a stiff neck. John seemed to use water baptism as a symbolic action to convey the notion of the hope to one day be immersed in the Spirit to be cleansed from sin to live a new life. Johns preaching was eschatological and forward looking, and painted a picture of cosmic conflict between good and evil. Johns baptism looked for the day when the Spirit would be poured forth like a river on the people to produce a change of heart. Jesus received the baptism of John, and many Bible scholars point to this incidence as evidence of a historical person named Jesus. According to the criteria of embarrassment, the early church would have no reason to invent this encounter, since the action implies John is greater than Jesus and that Jesus needed to repent. Many believers in Christianity are raised to believe that Jesus was baptized by John in order to provide us an example. However, this oversimplifies the issue, and implies that Jesus was play acting. Even a perfect person can and would have turning points in life if that person is fully human. A conversion experience does not always involve turning from sin to virtue. Rather, like a moth becoming a butterfly, a conversion experience can be growth from one stage of human development to another. The New Testament is clear that Jesus grew as a human person (See Luke 2:40). By receiving the baptism of John, Jesus reveals that he has fully entered the human condition. Like us, in his humanity, he longed to be immersed in the Holy Spirit and to grow and change. John preached that there would be one who come after him who would baptize with fire and Spirit. Having received the baptism of John, the growth or conversion that Jesus displayed was to begin to live as though the fullness of Gods reign was breaking into our world here and now, already present, but not fully present yet! There is some evidence in the New Testament that Jesus continued the ministry of baptism after John, and may have even rivaled John for a period (See John 4:1). However, where John was an ascetic preaching hell-fire and brimstone, Jesus preached that the reign of God was breaking in through mercy upon the marignalized. It is not that Jesus made no mention of hell. However, when he does mention hell, it is always in the context of the rigidly unforgiving, or those who commit heinous sins that hurt other people. For Jesus, it appears that baptism was transformed from a symbolic act that looked forward to a day of immersion in the Spirit, to a symbolic rite that made the Spirit present. In Jesus and his disciples, baptism truly became a rite of initiation for those who choose in the here and now to live in the reign of god breaking into our reality. By accepting the baptism of Jesus, one was chosing to live here and now as though God is your only king, and to trive for perfection. After the crucifixion and resurrection of Jesus, baptism took on new meaning. Under the inspiration of the Holy Spirit, Saint Paul called baptism an immersion in the death and resurrection of the Lord (See Romans 6:4 and Colossians 2:12). The author of 1 Peter refers to baptism as a cleansing. With Saint Augustine int he fourth century, the emphasis on the notion of bap tism as cleansing became critical in his debates with a monk named Pelegius. Pelegius believed that Christ saved us by offerring an example of perfection that we chose to follow by our own inherent goodness. Those who rejected Christ and refuse to imitate him are simply evil. Pelegius taught a crass works righteousness. Augustine, profoundly aware of his own sinfulness, countered that he could not even want to follow Christ if God had not given him the gift to desire Christ. Augustine, relying on Saint Paul, believed that we are saved by grace, and that grace enables us to imitate Christ. Augustine developed the concept of original sin to explain what he felt Paul was saying when Paul says all people are sinners due to Adams sin (see Romans 5:12). Augustine argued that grace is a completely free gift given to us while we are sinners, and through the gift, we are made righteous, with baptism symbolizing cleanliness and new birth. As a demonstration that he was interpreting the Scriptures correctly, Augustine wrote to Pelegius appealing to common tradition asking if what he was saying were not true, why does the Church baptize infants? So, the effect of baptism is that we die to our sinful selves to rise with him. Grace, the very life of Christ, is infused in the soul by the one who lives today! This new life is experienced as rebirth in water and Spirit. We are immersed int eh Holy Spirit so that live as sons of daughters of the great King of the universe, whose reign of peace and justice is breaking into the world through Christ acting in us. Why do Catholics baptize infants? Acts 10 speaks of the entire family of Cornelius, and the whole household, including his servants, receiving Peter and the Apostles to eventually become baptized. Catholics believe that the episode indicates the possibility that children were baptized within the New Testament period, since it is likely that Cornelius had children. Yet, there is no direct and unquestionable proof that infants were baptized in the New Testament. Many Protestant Christians argue that the symbolism of conversion and change is lost by performing baptism on infants, and that such batisms should be considered invalid. Catholics believe that in the early church, adult baptism was the norm as the Church reached out to new members. However, we saw above that Saint Augustine argued against the works righteousness of Pelegius by appealing to the already wide-spread and ancient tradition of infant baptism. Infant baptism may or may not not perfectly allow the recipient to experience grace as conversion. Yet, Catholics accept in faith that conversion is occurring even in the infant. For many Catholics, infant baptism is a response of gratitude to God for a child, and a celebration of birth. Parents naturally want to share their faith and culture with their children. As a rite of intitiation, baptism knits a person into that web of relationships that forms the Church the Body of Christ. What Christian parent would not seek to have their child knit into this web of relationships? On a deeper theological level, Catholics speak of a real transformation taking place in the infant where all guilt of original sin is removed, and grace is infused in the soul conforming the child to Christ. Through baptism, a person is born again, and the effects of the sacraments last eternally! By offering the rite to an infant, we are emphasizing that grace is an absolutely free gift, not even earned by our desire for conversion or our intellectual undertsanding of what we receive. This may confuse many Protestants, who believe that Catholics teach works righteousness. The Catholic Church holds as infallible, according to Scripture, the local council of Orange, and the Ecumenical Council of Trent that salvation is by grace alone. However, Catholics believe that with new birth comes growth, and that with baptism, Christs life life is infused inthe soul to produce faith and works. Faith without works cannot save, and works without faith cannot save. Yet, the whole process of salvation is initiated as a free gift of Christ. See my essay Justification: Protestant or Catholic for more detail on this subject. In the New Testament, Paul speaks of laying hands on people after baptism, and James speaks of annointing people. The word Christ literally means annointed. Catholics generally believe that in the sacrament of confirmation (laying on of hands and annointing), a person is confirmed in the faith. This second sacrament completes initiation in the Catholic Church and is closely connected theologically to baptism, though separated by years in time for many Catholics. Adult converts receive the two sacraments together. This is usually done in young adulthood, and provides an opportunity for a similar experience to Protestant young adult conversion at baptism. Why do Catholics use the Trinitarian formula, and not the name of Jesus Personally, I am not sure that God considers the name of Jesus alone as an invalid baptism. However, there are denominations and churches separated from Rome who baptize in the name of Jesus only because they reject the doctrine of the Trinity. We saw above that the Trinitarian formula for baptism is Scriptural in Matthew 28:19. We know from early Church writings that the Trinitarian formula was used from most ancient times, and the doctrine was accepted as the correct interpretation of scripture by the world-wide Church at several Ecumneical Councils. Thus, Catholics believe that the Trinitarian formula is revealed through Scripture and Sacred Tradition to be a if not the correct way to do baptism. Since the issue arose late historically, and was clear attempt to break the unity of the Church, Catholics do require a new baptism for those who join s from a community that did not use the Trinitarian formula. Why do Catholics sprinkle instead of immersing? Immersion is the proper way to do baptism to convey the full symbolism of the sacrament. Sprinkling in the early church was only used for emergencies, such as impending death. As the Church expanded into Northern Europe, it is highly probable that cold weather caused Christians to turn more often to sprinkling. Irish missionaries may have carried the practic e back southward. The Church defends that baptism by sprinkling is valid. At teh same time, Vatican II called for a renewal and retrieval of the meaning of sacramental gestures so that the fullness of what was conveyed in the New Testament is mediated in the signs. I have seen more and more Catholic churches building baptismal fonts large enought to immerse an adult. In the future, I expect immersion to once again become the norm. One final point When John began baptizing, he warned his Jewish siblings that God could make children of Abraham from the stones. Receiving his baptism of repentence was useless if one was not changed by it. God always respects our freedom, and we are always free to reject and act against the grace that is given us. We do this when we sin. Catholics believe that God initiates the salvation as an absolutely free and unmerited gift that can start in an infant. Catholics believe that Christ acts in the sacrament, so that we can never say that baptism does not have an effect. Christ promised to act in every valid baptism. Even Adolf Hitler (who was baptized Catholic) was changed by the sacrament. (Think how much worse he may have been if his life were never touched by grace! Yet, knowing that every baptism has an effect on the recipient, and trusting individually that the One who died for me and began a work for me in baptism wants to bring it to completion, I must respond to him! Johns warning to the children of Abraham is still true for Christians. We must, by Gods continued outpouring of grace, receive the Lordship of Christ and allow his will to shape our lives and continually change us. While baptism always has an effect, not everyone who has been bapized is absolutely assured slavation.

marilyn monroe essays

marilyn monroe essays Who is Marilyn Monroe and is she the biggest sex symbol of the twentieth century? Most people remember her as a beautiful woman, who starred in a variety of movies and who had many memorable photos. What they might not know is how she acquired this or how she became as well known as she did. People also do not realize that during her life she became one of the biggest entrepreneurs of her time. She had many difficult times, like anybody endures in life, but she was almost always able to overcome them and triumph in the end. She was very beautiful as a teenager and a lot of different men took an interest in her. This contributed to the reason the Marilyn Monroe was married at such a young age. Her first marriage was to a man named Jim Dougherty, when she was only at the tender age of sixteen. She met Jim through her Aunt . Though Dougherty admits his marriage to Norma Jeane (Marilyn Monroe) was arranged, he said they were happy and very compatible sexually. (Wayne 14 ). Just two years after Jim and Marilyn were married (1942), Jim was sent off to Australia and this is when they realized how much they needed each other. While Jim was away Marilyn worked in a defense plant where she packed and inspected parachutes for the war that was going on in the Pacific. While married to Jim, Marilyn became very sexual and she craved for attention. This is what led her to hang out in bars and become what is known as a call girl. This would give her the attention that she wanted and help her make a little extra money on the side. During this time, Marilyn did not have any idea of what she wanted to do with her life and she did not posses any work skills that could take care of her if something was to happen to her marriage. Which, Marilyn knew that it was going to happen because they were growing apart from each other and the war was to blame for this. While all this was going on in her life, she ...

Ritual Objects of Ancient Taino

Ritual Objects of Ancient Taino A zemà ­ (also zemi, zeme or cemi) is a collective term in the Caribbean Taà ­no (Arawak) culture for sacred thing, a spirit symbol or personal effigy. The Taà ­no were the people met by Christopher Columbus when he first set foot on the island of Hispaniola in the West Indies. To the Taà ­no, zemà ­ was/is an abstract symbol, a concept imbued with the power to alter circumstances and social relations. Zemis are rooted in ancestor worship, and although they are not always physical objects, those that have a concrete existence have a multitude of forms. The simplest and earliest recognized zemis were roughly carved objects in the form of an isosceles triangle (three-pointed zemis); but zemis can also be quite elaborate, highly detailed human or animal effigies embroidered from cotton or carved from sacred wood. Christopher Columbuss Ethnographer Elaborate zemà ­s were incorporated into ceremonial belts and clothing; they often had long names and titles, according to Ramà ³n Panà ©. Panà © was a friar of the Order of Jerome, who was hired by Columbus to live in Hispaniola between 1494 and 1498 and make a study of Taà ­no belief systems. Panà ©s published work is called Relacià ³n acerca de las antigà ¼edades de los indios, and it makes Panà © one of the earliest ethnographers of the new world. As reported by Panà ©, some  zemà ­s included bones or bone fragments of ancestors; some zemà ­s were said to speak to their owners, some made things grow, some made it rain, and some made the winds blow. Some of them were reliquaries, kept in gourds or baskets suspended from the rafters of communal houses. Zemis were guarded, venerated and regularly fed. Arieto ceremonies were held every year during which zemà ­s were draped with cotton clothing and offered baked cassava bread, and zemi origins, histories, and power were recited through songs and music. Three Pointed Zemà ­s Three-pointed zemà ­s, like the one illustrating this article, are commonly found in Taà ­no archaeological sites, as early as the Saladoid period of Caribbean history (500 BC-1 BC). These mimic a mountain silhouette, with the tips decorated with human faces, animals, and other mythical beings. Three-pointed zemà ­s are sometimes randomly dotted with circles or circular depressions. Some scholars suggest that three-pointed zemis imitate the shape of cassava tubers: cassava, also known as manioc, was an essential food staple and also an important symbolic element of Taà ­no life. The three-pointed zemis were sometimes buried in the soil of a garden. They were said, according to Panà ©, to help with the growth of the plants. The circles on the three-pointed zemà ­s may represent tuber eyes, germination points which may or may not develop into suckers or new tubers. Zemi Construction Artifacts representing zemà ­s were made from a wide range of materials: wood, stone, shell, coral, cotton, gold, clay and human bones. Among the most preferred material to make zemà ­s was wood of specific trees such as mahogany (caoba), cedar, blue mahoe, the lignum vitae or guyacan, which is also referred to as holy wood or wood of life. The silk cotton tree (Ceiba pentandra) was also important to Taà ­no culture, and tree trunks themselves were often recognized as zemà ­s. Wooden anthropomorphic zemà ­s have been found all over the Greater Antilles, especially Cuba, Haiti, Jamaica, and the Dominican Republic. These figures often bear gold or shell inlays within the eye-inlets. Zemà ­ images were also carved on rocks and cave walls, and these images could also transfer supernatural power to landscape elements. Role of Zemis in Taino Society Possession of the elaborated zemà ­s by Taino leaders (caciques) was a sign of his/her privileged relations with the supernatural world, but zemis werent restricted to leaders or shamans. According to Father Panà ©, most of the Taà ­no people living on Hispaniola owned one or more zemà ­s. Zemis represented not the power of the person who owned them, but the allies the person could consult and venerate. In this way, zemis provided contact for every Taino person with the spiritual world. Sources Atkinson L-G. 2006. The Earliest Inhabitants: The Dynamics of the Jamaica Taà ­no, University of the West Indies Press, Jamaica. de Hostos A. 1923. Three-pointed stone zemà ­ or idols from the West Indies: an interpretation. American Anthropologist 25(1):56-71. Hofman CL, and Hoogland MLP. 1999. Expansion of the Taà ­no cacicazgos towards the Lesser Antilles. Journal de la Socià ©tà © des Amà ©ricanistes 85:93-113. doi: 10.3406/jsa.1999.1731 Moorsink J. 2011. Social Continuity in the Caribbean Past: A Mai son-Perspective on Cultural Continuity. Caribbean Connections 1(2):1-12. Ostapkowicz J. 2013. ‘Made †¦ With Admirable Artistry’: The Context, Manufacture, and History of a Taà ­no Belt. The Antiquaries Journal 93:287-317. doi: 10.1017/S0003581513000188 Ostapkowicz J, and Newsom L. 2012. â€Å"Gods †¦ Adorned with the Embroiderers Needle†: The Materials, Making and Meaning of a Taà ­no Cotton Reliquary. Latin American Antiquity 23(3):300-326. doi: 10.7183/1045-6635.23.3.300 Saunders NJ. 2005. The Peoples of the Caribbean. An Encyclopedia of Archaeology and Traditional Culture. ABC-CLIO, Santa Barbara, California. Saunders NJ, and Gray D. 1996. Zemà ­s, trees, and symbolic landscapes: three Taà ­no carvings from Jamaica. Antiquity 70(270):801-812. doi: :10.1017/S0003598X00084076

Martin Wong Essay Example | Topics and Well Written Essays - 2000 words

Martin Wong - Essay Example He focused his attention completely to painting. His move to New York came as a friendly challenge. He did drawings and made ceramics at art fairs. He was known as Human Instamatic before then. He made $7.5 per portrait he drew. By 1978, his record had been 27 fairs in a single day. His friends challenged him to move to New York since he was evidently superb at his job. Although the works of Martin Worth inspired the growth of hip hop culture, his creative arts leaves little to be desired in perpetuating societal values. Wong’s mature career began a few years before moving to New York. The works ranged from heartfelt renderings of the decaying Lower East Sides to playful and almost kitschy depictions of China Towns of San Francisco and New York. He drew and painted traffic signs for the hearing impaired too. Perhaps, the best known and remembered collaborative works of Wong is the alliance between him and Miguel Pinero, the Nuyorican poet. His paintings often combined the poetry of Pinero and the painstaking stylized finger spellings and cityscapes he drew and painted. The artist’s Loisaida pieces coupled with his collaboration with Pinero formed part of the Nuyorican movement (Wong 12). Nuyorican Movement that Wong became a significant part of refers to an intellectual and cultural movement that involves poets, artists, writers and musicians who are Puerto Rican descendents or have association with Puerto Rico and live near New York. He joined the group that had his origin in the 1960s and 1970s within the neighborhoods such as East Harlem, South Bronx and Loisaida as a means to validate the Puerto Rican experience in the United States of America. It was meant to better the standards of the poor and the working class populaces that suffered from ostracism, marginalization and discrimination. The term that they gave the group of artists was used as an insult until renowned artists such as Miguel Algarin

The Broadway show Chicago Personal Statement Example | Topics and Well Written Essays - 750 words

The Broadway show Chicago - Personal Statement Example The most exhilarating shows in Chicago's lively Downtown Theater District contributed significantly to my appreciation of the aesthetic experience of the mind and the stages of the Ford Center for the Performing Arts/Oriental Theatre, the Cadillac Palace Theatre, the Bank of America Theatre, the Auditorium Theatre and the Drury Lane Theatre Water Tower Place are some of the most notable stages that brought to my mind a really high opinion about stage show Chicago. The Addams Family and Jersey Boys are two of the most incredible shows in the Broadway show in Chicago. Significantly, the former is a splendid new show created by Jersey Boys authors Marshall Brickman and Rick Elice at the Oriental Theater, Ford Center, while the latter is a multi-award winning show. "The weird and wonderful family created by cartoonist Charles Addams comes to devilishly delightful life in a new Broadway Musical The Addams Family Jersey Boys, the mutli-award winning Broadway show about the rise to fame of Frankie Valli & the Four Seasons is breaking box office records at the Bank of America Theater in Chicago." (The Best Shows in Chicago) Therefore, my experience in the Broadway show in Chicago has given me an essential opportunity to understand and appreciate aesthetic value of the stage show in Chicago, in which I realized the importance of costume, dance, choreography, musical elements of the show. It is fundamental to note that the Broadway show in Chicago is an absolute beauty, incorporating dance, choreography, music, performances, etc. and the various stages in the show bring before the audience a memorable experience that no one ever forget all through his life. One of the main attractions of the shows here is the costumes used for various performances, dance programs, and musical shows. Significantly, Broadway costumes offer accuracy and professionalism to any performance staged in Chicago. The great wealth of theatrical costumes enhances the beauty of every show presented here, and I was particularly attracted to the theatrical costumes of the Pirates of Penzance and Phantom of the Opera. Another fundamental attraction of the Broadway show in Chicago is, undoubtedly, the pulse-racing revival of the musical 'Chicago' which also incorporates some of the sexiest and most sophisticated dancing on Broadway show. As Ben Brantley maintains, "this new incarnation, directed by Wa lter Bobbie and choreographed by Ann Reinking (who also stars), makes an exhilarating case both for 'Chicago' as a musical for the ages and for the essential legacy of Fosse, whose ghost has never been livelier than it is here." (Brantley) Therefore, the costumes, musical, dancing, and choreography in the Broadway show in Chicago attract a number of theatre-goers today. The Broadway show in Chicago has offered me a great opportunity to recognize my ability to appreciate aesthetic elements of every artistic form. The costumes of the show attracted me very much and the dancers and choreographers seemed amazing to me. Significantly, the stage show in Chicago helped me in realizing the excitement of Chicago tourism and every show I witnessed here will live in my loveliest memories all through my life. The striking revival of Chicago musical and dancing reminded me of the glorious days of the show.