Philosophy that was born during the Renaissance Essay Example for Free

Philosophy that was born during the Renaissance Essay Humanism is a philosophy that was born during the Renaissance, beginning in Florence in the last decades of the 14th century. The theory introduced new ways of thinking that allowed people to question and interpret the Bible anyway they wish. Prior to Humanism, people lived their lives under the impression that it was all to serve god. It wasn’t until people began taking an interest in the work of Greek philosophers that true appreciation of human life became apparent. Humanism inspired people to believe that their life was meaningful and that they were capable of more than just working to please God. The key principle of the theory was that â€Å"human beings are not subject to God or any divine agency. They have no obligation to love, fear or obey any such supernatural agent.† (Victor A.Gunasekara) When the importance of human life prevailed, there was no longer a strained religious perception of earth and society and this is when the freedom of art and self-expression truly took form. Art was no longer a way of glorifying God, but a way of showing individualism and creativity within ones self. The origins of Humanism can be found in the Golden Age of Greek Philosophy. Xenophanes (580 BCE) said, â€Å"If cattle had hands and drew pictures of Gods, Gods would look like cows† making it patent that Gods are of our own making. When Protagoras (450 BCE) wrote, Man is the measure of all things, of things that are that they are, and of things that are not that they are not. he was accused of impiety and was banished for creating such freethinking sentiments that would be considered thoroughly unorthodox for his time. His words are metaphorical of us ‘knowing the world by our own proportion, from our point of view.’ He crafted the idealistic principle of human perception that shaped the humanism philosophy we know today. Humanism was not limited to mental thoughts and ideas on the value of human life, but shown physically through a spectrum of art mediums. The theory shaped various aspects of Renaissance art including the content, style and subject matter of all art forms. During the middle ages, well before Humanism took form, art was notable for glorifying and praising God. During this time, all art was assigned from the church and so the subject matter consisted of mainly biblical themes, stories and characters. Within these paintings, man wasn’t portrayed with anatomical accurateness, but as a small, off scale and minor element next to a much larger religious figure. Within almost all of Middle Age artworks, biblical figures were seen is the most powerful and most important; and so they were made to look exceedingly larger than people or children, who were painted on a much smaller scale. The importance of these religious figures was also shown through height and placement within the picture. They were often painted higher than other figures, adding to the overall impersonal and symbolic outlook of Middle Age art. Because most of the work at this time was so religious, people weren’t able to connect and view art for the purpose of enjoyment, but for worshiping a higher presence. Take the Ognissanti Madonna (1310) for example. The painter, Giotto, depicts Mary and her son with saints surrounding them. They’re portrayed as very large, while everyone else in the painting is very small. Neither of the two are life size nor are they anatomically accurate. However the most obvious aspect within the painting is the overstated size of the two most important biblical figures, Mary and Jesus. This was the conventional style of Middle Age art. The value of human life was never considered, nor was it illustrated through paintings or sculpture. During the late 14th century, Artists began looking at natural depictions of the world and ancient pagan culture. The notion of human form that characterized medieval art was supplanted with the concept of full anatomical accuracy. With the celebration of human life, precision of the human body within paintings and sculptures became a crucial part of depicting the realistic perception within art, one that was not justified by any singular religious context but ones desire for perfection. People began painting secular subjects and portraying man with the same importance that was used for religious figures within the Middle Ages. When the prominence of human life prevailed, people began taking an interest in the accurate portrayal of human characters. This provoked a range of pictorials to be created in parallel with the human form, reflecting the balanced and symmetrical form of the human body in art. Artists began creating precise proportions or the ’golden mean’ in order to establish symmetrical and harmonious composition within a varied spectrum of art mediums. The Golden Mean is the desirable middle between two extremes and is given the number Phi(= 1.618033988749895†¦) Commonly known as the ‘divine proportion’ to Renaissance artists, the Golden Mean was used for atheistic appeal and balance within architecture, but was often used effectively for other visual art forms, such as paintings or sculptures. Collective to the Greek mentality, the golden mean was considered an attribute of beauty that included symmetry, proportion and harmony. The Golden Mean can â€Å"be derived with a number of geometric constructions, each of which divides a line segment at the unique point where: the ratio of the whole line (A) to the large segment (B) is the same as the ratio of the large segment (B) to the small segment (C).† (http://www.goldennumber.net/golden-section/) Paintings, buildings and sculptures adapted and drew inspiration from classical roman structures (a time when the Golden Mean was recognized To Greeks as dividing a line in the extreme and mean ratio) during the High Renaissance period in order to interlace the crucial ascetic appeal that was desired when Humanism was at great interest. High Renaissance style architecture conventionally begins with Donato Bramante (1444-1514) who built the Tempietto at S.Pietro in Montorio, Rome in 1510. The Tempietto ‘’is an attempt at reconciling Christian and humanist ideals’’. With no limitations of Humanism on any particular art medium, Michelangelo’s sculpture of David in (1501) is a perfect example of its boundless effect on accurately conveying the human body with precise proportions and measurements. Other works relating to Humanism included The Birth of Venus (1485), by Botticelli. Prior to Humanism, the majority of art appeared two dimensional or flat. These artists were one of the first to begin adding vast details and highlighting the illusion of space, form and dimension in all art mediums. Combining these and taking into mind perspective (the notable technique of all Renaissance artworks) they ultimately crafted the image of humanist art; molding the backbone of the High Renaissance. In order to embrace this philosophy within art, artists needed to explore the relationship between the human body and mathematics. These artists are one of the many from the High Renaissance period to articulate this relationship physically through multiple art forms. Before the High Renaissance, there was Early Renaissance. During the mid 14th century, architects such as Leon Battista Alberti and Flippo Brunelleschi began taking an interest in proportion. The concept was that a building should be â€Å"fitted together with such proportion and connection, that nothing could be added, diminished or altered, but for the worse.† (Alberti) The rising theory of proportions was looked into by a number of artists and many architects such as Alberti and Brunelleschi over a long Period of time, but it wasn’t until Leonardo da Vinci’s Vitruvian Man (1490) that people started to take it seriously. Not limiting himself to just art, but exploring the realms of math, music and science, da Vinci used his experience and knowledge to establish the link between art and mathematics. Some would say that his work acted as a catalyst towards the start of the High Renaissance and that he was able to pave the way for painters, sculptures and architects that were interested in creating realistic dynamics of human proportion within their art medium. When Michelangelo was commissioned in 1501 by the Board of Works for Florence Cathedral to sculpt David from marble, he used the opportunity to illustrate the true growth of the art movement and the influence of Humanism on various art forms. Michelangelo works against the medieval concept of humanity, a time where man was seen as sinful, immoral and ‘born of dirt’. He shows David before the fight, highlighting his ability as a human to make conscious decisions and a choice to commit himself to act. This depiction of man is one who can become godlike through his own intellect and power of will. Compare this David to Donatello’s David, made out of bronze during the 1440’s. Donatello depicts David as a young boy, looking rather effeminate in a shepherd hat and boots. He’s shown with a smug smile and his foot on Goliaths severed head subsequent to the battle. Donatello’s version of David is an interpretation of the biblical text. His feminine like physic serves the purpose of clarifying that his triumph in throwing the stone at Goliath was not of his own doing, but rather God’s will. He is created very close to the biblical story, having hat and boots typical of a shepherd, where as Michelangelo’s David’s complete nudity shows how he has stripped almost all biblical context from him, focusing entirely on the human entity. He is no young, scrawny boy that follows God blindly, but a man with the ability to make his own choices and fight his own battles. His full nudity shows the true beauty of the human anatomy, which fascinated Michelangelo. Not only has his work shaped the perception of humanity through symbolic catalysts, but through the riveting recreation of the human form with accurate proportions, illustrating the perfect use of the golden mean. It is clear that a grave amount of thought and work went into creating an accurate insight towards the human body. David’s hands and upper body are made slightly larger in order for the human form to look accurate and proportional when seen from the ground. The truthful portrayal of vein and muscle within the body highlights the humanistic elements within the sculpture. In contrast to this, Donatello’s David looks quite unusual and incongruous, although he was sculpted at a younger age than Michelangelo’s David, their anatomical differences are distinct in a way that can’t go unrecognized. Donatello’s work shows shoulders and a chest that are diminutive and slightly disproportioned to the rest of the body. Prior to Humanism, there wasn’t this striving focus for anatomical excellence within art for anyone unless they were a religious character holding the supremacy over man kind that everyone once believed they had. His work on David provided the humanist vision with its first and most prevailing artistic expression. He’s shown as a strong and heroic man, not a smug boy as shown in Donatello’s sculpture. The Birth of Venus, painted by Bottichelli in 1486 is a celebration of Renaissance Humanism, depicting the classical myth. The picture is very calming and somber, focusing on the true beauty of Venus with warm and soft tones. Venus, Goddess of Love, is shown emerging from the sea on a shell, parallel to the story of her birth. There is an emphasis on sea imagery that was used to please church authorities. Zephyr and Chloris are blowing her to the shore with wind, amongst a shower of flowers, while a Nymph, Flora, is reaching out to cover her naked body with a cloak. The nudity of Venus was very unconventional at the time; primarily, pictorials of naked women were only shown through portrayals of Eve; but here Venus stands; completely naked and not in a biblical context. In a time when almost all artwork was of Christian theme, the honest portrayal of Venus and the secular imagery had a crucial impact on High Renaissance art and was a catalyst for other artists to explore humanistic elements within their work. Venus, the goddess of love is depicted in human form with such magnificence and accuracy that humanist themes are not suggested, but a manifest to Botticelli’s audience. Godly figures began taking form of earthly beings and showing the true exquisiteness of the female body. There is a de-emphasis of deep space in order to stress the sense of pattern and beauty that defines the painting. Flora is not giving the cloth for just modesty, but giving her the ‘veil of wisdom’. She shows us how great intellectual gifts are always concealed from plain sight. Botticelli’s portrayal of the female body is used to further drive ideas of Humanism. Her physique is quite an accurate and refreshing portrayal compared to earlier years were nudity was not yet established in non biblical paintings. Her stomach is a truthful portrayal of what a women with some muscle tone in her abdomen would have, the legs and arms are somewhat shapely, showing the female body in its most natural form. Venus in this painting is both humble and pure. It’s plausible that one of the main themes within this painting, second to Venus’s birth; is the idea of beauty. The picture has a decorative quality to it; not only does it showcase the substantial change in art during the High Renaissance, but its symbolic of a rich classical history, reinvention and an earthly world view. It is through The Birth of Venus, and many other High Renaissance paintings, where the true impact of Humanism is made clear. Artists would incorporate Greek and Roman mythology as apposed to writing and painting about biblical texts. This was because humanists turned to the classics for inspiration, and so these were often the themes of High Renaissance art. The inspiration of Greek Philosophers inspired those within this period to strive less for divinity. This painting is one of the many to depict Roman or Greek deities, other famous works include Mars and Venus and The School of Athens. One of the most outstanding changes during the High Renaissance period was Architecture. The statement that man is the measure of all things is mirrored within different art mediums, showing a great point of difference within humanist and non-humanist architecture. Humanism meant that architects built not only churches, but palaces and buildings exposing ideals of classical styles. Humanism gave people a chance to look for inspiration from ancient Greeks and thus buildings took influence from the Ancient Classic period. One of the highlights in High Renaissance Architecture is the Tempietto, built in 1502 by Donato Bramante. The building marks the crucifixion site of St Peter and follows selected traditions from the Christian building the Martyria while employing classical principles that create a geometric ideal. Both ancient Greeks and ancient Romans employed the circular plan that governs the perception of the Tempietto. The devotion to symmetrical perfection makes it clear of Bramante’s conscious decision to recreate this in a way that is not only true to the humanist theory, but one that depicts the thoughts of the ancient roman writer Vitruvias, who studied and wrote about architecture and correct proportions within it. Bramante is really following this line of thought with the Tempietto. He’s created a radial building with a round structure that is very dissimilar to the traditional crucifix form of church, which is based on the ancient basilica. His work is considered almost nothing short of architectural brilliance, due to his innovative techniques at changing the orthodox designs of churches and buildings. The building is the perfect example of the relationship between ideal ancient geometry and the divine. Geometry was thought by the ancient Greeks and again later in the Renaissance to be a vehicle in which we can imagine the perfection of heaven. The Tempietto is a building that truly celebrates Humanism. It’s believed to show how man can produce exemplars on earth of the perfection of the heavenly, using correct geometrical structures and symmetrical portrayals. This is similar to that of the golden mean, while relating to the work of Michelangelo and Botticelli, where Humanism was celebrated through the accurate portrayal of the human form. The Humanist theory allowed Bramante to make these changes within architecture; he drew inspiration from classical traditions while making his own original decisions to enhance the symmetrical nature of the Tempietto. His work is similar to that of classical origins, but he allowed for variation. Greek and Romans would not put pilaster that pairs with the columns of the building, however Bramante did. By aligning the true columns with the false columns, he was able to maximize the radial quality and overall centrifugal theme of the building. The Tempietto shows a rhythm, one that was definitely inspired by classical antiquity, the Doric Order in particular. The columns of the Tempietto are a roman variant of the first level of the Coliseum. Depicting the styles of the Doric Order, there are triglyphs and metopes above the columns. Mitchell Beazley was literal when he wrote; â€Å"The emphasis here is on the harmony of proportions, the simplicity of volumes (cylinder, hemisphere) and the sobriety of the Doric Order. The circular plan symbolizes divine perfection. Inspired by ancient temples, the Tempietto is both a homage to antiquity and a Christian memorial. Humanisms affect on architecture was one of the largest. Despite differing in architectural elements, different styles of columns were explored throughout all High Renaissance architecture, utilizing techniques that show proportion and highlighting themes of classical tradition. Nearly all buildings constructed after Humanism follow these principles and show a vivid influence of ancient Greek and Roman cultures. The Humanist movement allowed architects to make changes in what they were creating. They drew inspiration from classical architecture, traditions and even philosophies and refabricated it within new architectural masterpieces that shaped the Humanist theory in many inconceivable ways. Alberti and Brunehlleschi were a crucial aspect in the innovation of humanist architecture. They were no Greek philosophers, however they employed the idea of symmetrical excellence and inspired the creations of many renowned and prominent buildings including the Tempietto itself. Many great architects of the high renaissance period such as Bramante and Michalangelo were captivated by this idea and were thus able to shape traditions and techniques to produce the conventional high renaissance architecture style that we’re accustomed to today. Inclusive to classical traditions, architects began taking the beauty of human proportions and reflecting it through architecture, similar to the way humanist painters and sculptors depicted the human form with symmetrical perfection. Humanism was noted for 3 things. The revival of classical Greek/Roman art forms and styles, faith in the nobility of man as apposed to pure worship of religious or god-like figures; and finally the appreciation of the human body, that influenced almost all artists and architects of the era to portray this accurately in their work. Humanism shaped the art of the High Renaissance period through a change in architectural style and content; subject matter of paintings and sculptors; and a difference in the anatomical structure and proportions of man. People became important and an appreciation for human life fell apparent through a range of art where human history and perspective was no longer considered sinful, but was explored multiple times with a range of artists. Humanism provoked the study of classical and mythological traditions. Paintings began to depict Roman or Greek deities. Biblical figures no longer subjugated artworks with height and proportion, but became equal to man. Sculptors began creating humanist characters that were strong and noble, architects began referring to classical and ancient antiquity for new innovation towards humanist architecture†¦ the freedom of thought and self expression was at its highest.

Grices Four Maxims

Grices Four Maxims Grice has proposed four maxims for conversation. Firstly, Grice proposes two maxims under the umbrella of quantity. Speakers have to make their contribution as informative as is required and should not make their contribution more informative than is required. These two maxims are clearly related to the amount of information given between the speakers in their conversation or communication. Grice indicates that the amount of information between the speakers is necessary to let the communication goes on. Speakers need to avoid superfluous information through communication. Clearly, these two maxims are implicitly related to each other. A simple example is A man stops his vehicle in the middle of the road to briefly ask you for directions. He may ask Where is the post office?, the listener may say Not far or Continue on, and make the second left up there. Youll see it (Jacob. 2001, 77). Clearly, the second response is more related to the maxim of quantity. Secondly, Grice posits maxim of quality which indicates that Try to make your contribution one that is true; but, this is separated into two specific maxims: 1. do not say what you believe to be false. 2. do not say that for which you lack adequate evidence. (Grice 1989, 27). These two maxims seem quite distinct. The former requires speakers to always say true things rather false things while the second requires them to have some adequacy of their responses. For example, a speaker may ask Should I buy my son this new sports car?. Speaker B may respond I dont know if thats such a good idea, his car runs fine or Yeah that sounds like a good idea, his car breaks down all the time (Jacob. 2001, 77). Next Grice adds another maxim called maxim of relation. Grice refers to this maxim by simply saying that Be Relevant (Grice 1989, 27). With respect to this maxim, Grice believes that speakers should add relevant input to the conversation being done. For instance, a speaker may ask How are you doing in school?. Speaker B may reply What fine weather were having lately! Or Not so well, Im afraid. Id rather not discuss it (Jacob. 2001, 77). Unfortunately, this maxim has received considerable criticism. Searle, Wilson and Sperber have all rejected and criticized this maxim. Searle added that though it is initially intuitive, it is ultimately problematic (Searle 1992, 14). Lastly, Grice also posits a fourth maxim which indicates that speakers should avoid ambiguity and obscurity of expressions during their communication. They also have to be brief and orderly. A good example is Can you take out the trash? Sure, but we need to talk about how we are assigning the chores around here when I get back. (Jacob 2001, 77). Grice pointed out that maxims of manner may be insufficient and gave it little importance compared to the other maxims. Grice writes that It is obvious that observance of some of these maxims is a matter of less urgency than is the observance of others; a man who has expressed himself with undue prolixity would, in general, be open to milder comment than would a man who has said something he believes to be false (Grice 1989, 27). Critics have argued that maxim of ambiguity is the most important one compared to the other maxims because of its direct relation to what is called equivocation. Grice (1989) also suggests that there are other maxims such as social and moral. He also presents four ways in which speakers violate the four maxims. These ways are violation, opting out, a clash and flouting maxims. Guo (2006) presents a simple explanation of these four ways. The explanation comes in order. First, a speaker may opt out of observing the maxim due to his/her unwillingness to cooperate with another speaker in the way maxim requires. Second, a speaker does not observe the four maxims due to the difficulty of conciliating a maxim with another at the same time. Third, a speaker may also fail in observing the maxim because of his/her intention to force the hearer to look for the meaning which is distinct from the expressed meaning. Lastly, a speaker intentionally violates the cooperative principles which results in lying. In short, these four maxims have come as an assumption to effective communication among speakers; however, speakers may violate these maxims which results in ineffective communication as Grice and his proponents have suggested. It is said that following the four maxims leads to effective communication. Here, the relationship between the four maxims and communication is discussed. Schoolfield (2007) asserted that Communication is considered the basis of Gricean theory. It is also considered the point of conversation as clear communication can occur by means of a dialogue. Conversation is used to send information from one speaker to another. The efficiency of this sending is determined by communication. Moreover, the similarity between Grices four maxims and the communicative goal of conversation, they require the cooperative principle to lead to effective communication. When one approaches conversations in terms of communication, the four maxims must be mentioned. For instance, if a speaker does not give true information during his dialogue while his aim is communication, this seems that he does not act in a cooperatively. Schoolfield (2007) discussed the relationship between the four maxims and communicatio n. He points out the first maxim Make your contribution as informative as is required, is necessary in communication. Speakers provide an amount of information to communicate the intended idea while others provide insufficient information as a violation to the maxim so that they will not achieve the goal of communication. Thus, if the person has the goal of communication, he/she must include relevant facts related to the topic of the dialogue. As for Do not make your contribution more than is required,, Grice (1989) believes that it is not necessary in communication. Culturally, this is clear in English-speaking countries where people find it desirable not to give excessive information during communication, as Grice notes, a waste of time (Grice 1989, 26). Communication requires do not say what you believe to be false, as there will be a failure in communication if one is not honest in the information he/she states. Schoolfield (2007) this maxim is far necessary in cooperative infor mation communication so that the information must not express something false. In addition, Do not say that for which you lack adequate evidence, is an acceptable rule for communicators. Therefore, Schoolfield (2007) argues that there must be at least some basic level of understanding as to what can count as evidence or they may be very serious breakdowns in communication. Relevance maxim is most desirable in communicative conversations because when we receive certain information, communication requires responses that are relevant to the information given; however, it is sometime irrelevant in achieving the goals of communication. (Hintikka 1986 argued that relevancy is important in cooperative and effective communication; however, many other have reduced the importance of relevance to efficiency. As to manner maxim, as Grice states, Avoid obscurity of expression, it is also necessary for effective communication since one must have clear and coherent communication. Schoolfield (2007 ) believes that if there is not some clarity in communication, then much confusion will arise or increase for the listeners. Likewise, avoid ambiguity will be necessary for cooperative communication (Grice 1989, 27). Schoolfield (2007) explained that ambiguity arises due to two interpretations that come from one statement. Thus, the avoidance of ambiguity, with regards to effective communication, must only be followed when it can occur. Next is, Be brief (avoid unnecessary prolixity), (Grice 1989, 27). Schoolfield (2007) believes that brevity is a cultural norm and helpful in communication. Thus, while a consideration for avoiding unnecessary prolixity is acceptable, any issue of brevity being required for cooperative communication will be only decided within a conventional framework. Lastly, Be orderly (Grice 1989, 27). Schoolfield (2007) indicated that this maxim is not necessary in effective communication. Instead, he has given much attention to the speed of giving information ra ther the orderliness of giving information. The Gricen theory is believed to be true not just for conversation, but also for written communication. Cooper (1982:112) maintained that this theory is also common in writing and what Grice says about conversation applies equally to all communication. In conclusion, through this brief discussion of the four maxims and their role in communication, I can say that some of Gricean maxims are not necessary in communication while others are. Gricen maxims play a crucial role in communication. However, his theory is always argued by many scholars and researchers. First, its not clear whether the maxims work in other languages and cultures as some cultures such as Malagasy follow completely different maxims in their communication. In their culture, speakers are not willing to share information. They tend to evade direct questions and reply incomplete answers. Second, they are not a complete listing of the rules we follow in conversation; for example, there are also rules about, say, politeness, which are not addressed in his maxims. Third, the Gricean Maxims, despite their wording, are only meant to describe the commonly accepted traits of successful cooperative communication.

Sources Of Finance For Kfc Finance Essay

Sources Of Finance For Kfc Finance Essay KFC began with Colonel Harland Sanders. He discovered his penchant for cooking when he was only 9 years old. Through the years he grew up to become a personage the world knows as Colonel Sanders, founder of KFC. He reached celebrity status in 1952, when he decided to franchise his famous Kentucky Fried Chicken recipe blends of 11 herbs and spices to the rest of America. By the early 70s, that special recipe reached Malaysia. KFC Holdings owns approximately 27 Kedai Ayamas and 4 Ayamas Depots, making them the nations first branded chicken and chicken-based retain chain. KFC Holdings operates the KFC chain of restaurants in Malaysian, Singapore and Brunei (523 restaurants) and the Rasamas chain of restaurants in Malaysia (about 37 outlets). Sources of finance are where finance comes from. There are three kinds of sources which are Bank loans, Owners (share) capital and Trade credit . Finance is money which is a scarce resource. To obtain it, a business has to compete for it. Individuals, the government and other businesses all seek money to finance their needs. Those with money to lend will lend it provided the rate of return (interest), the risk and flexibility (how quickly the money can be repossessed) are consistent with their expectations. The word lend often implies to short-term; the word invest implies to long-term. Individuals or organisations that lend money, expect to get their money back, with a fixed annual return in a comparatively short time. Those who invest in a company become part-owners share holders. They expect regular payment of cash dividends (whose size varies with the companys success) plus an increase in the value of their shares. A major source of finance for many businesses is the retained profit from sales to customers. A business just starting up or one expanding rapidly has to raise its finance from other sources. There are three kind of finance question which relates the finance which the management should consider. Duration: for how long is the finance required? Cost: which source of finance is the least expensive? repayment: what level is acceptable Duration Duration depends on the reason the money is needed. No-one would take out a 25 year mortgage to finance the purchase of a personal HiFi. Few people would buy a house with a bank overdraft. Businesses apply the same principles of matching the purpose of finance with the source of finance. This makes sense all round. For the business it ensures that finance is guaranteed as long as it is needed. For the investor it ensures that adequate security is available for the duration of the loan as in the case of a 20 year loan secured against a property that will continue to have value for all the 20 years. Cost In general, businesses look for the cheapest source of finance. The easiest way to compare the cost of finance is to express the annual payment to lenders/investors as a percentage of the amount of finance provided. Interest on a loan can be expressed in percentage terms. So can the rate of return to shareholders. Return on investment in shares = Dividend per share, share price change since the start of year The rate of return expected by shareholders becomes the cost to the business of using this form of finance. Repayment A business should not get into a position where all of its profits are being swallowed up in interest payments. There is a real danger of borrowing too much. The same applies to individuals. Type of sources of finance: government purchase loan stock leasing venture capital hire purchase ordinary shares warrant retailed earning borrowings Ordinary Shares Ordinary shares also known as common stock or voting share is a share of stock giving stockholders the right to vote no matters of corporate policy and the composition of the members of the board of directors. Ordinary shares are issued to the owners of a company. They have a nominal or face value, typically of RM1 or 50 cents. The market value of a quoted companys shares bears no relationship to their nominal value, except that when ordinary shares are issued for cash, the issue price must be equal to or be more than the nominal value of the shares. Preference Shares Preference shares, also called preferred stock or preferred shares, is typically a higher ranking stock than common stock, and its terms are negotiated between the corporation and the investor. Preference shares usually carries no voting rights, but may carry priority over common stock in the payment of dividends and upon liquidate Preference shares may carry a dividend that is paid out prior to any dividends being paid to common stock holders. Preference shares may have a convertibility feature into common stock. Preference stockholders will be paid out in assets before common stockholders and after debt holders in bankruptcy. Terms of the preferred stock are stated in a Certificate of Designation. From the companys point of view, preference shares are advantageous in that:  · Dividends do not have to be paid in a year in which profits are poor, while this is not the case with interest payments on long term debt (loans or debentures).  · Since they do not carry voting rights, preference shares avoid diluting the control of existing shareholders while an issue of equity shares would not.  · The issue of preference shares does not restrict the companys borrowing power, at least in the sense that preference share capital is not secured against assets in the business. Loan Stock Common or preferred stock shares that are used as collateral to secure a loan from another party.  The loan will earn a fixed interest rate, much like a standard loan, and can be secured or unsecured.  A secured loan stock may also be called a convertible loan stock if the loan stock can be directly converted to common shares under specified conditions and with a pre-determined conversion rate, as with an irredeemable convertible unsecured loan stock (ICULS).   Retained Earnings Retained earnings refer to the portion of net income which is retained by the corporation rather than distributed to its owners as dividends. Similarly, if the corporation makes a loss, then that loss is retained and called variously retained losses, accumulated losses or accumulated deficit. Retained earnings and losses are cumulative from year to year with losses offsetting earnings. Retained earnings are reported in the shareholders equity section of the balance sheet. Companies with net accumulated losses may refer to negative shareholders equity as a shareholders deficit. A complete report of the retained earnings or retained losses is presented in the Statement of retained earnings or Statement of retained losses. The major reasons for using retained earnings to finance new investments, rather than to pay higher dividends and then raise new equity for the new investments, are as follows: a) The management of many companies believes that retained earnings are funds which do not cost anything, although this is not true. However, it is true that the use of retained earnings as a source of funds does not lead to a payment of cash. b) The dividend policy of the company is in practice determined by the directors. From their standpoint, retained earnings are an attractive source of finance because investment projects can be undertaken without involving either the shareholders or any outsiders. c) The use of retained earnings as opposed to new shares or debentures avoids issue costs. d) The use of retained earnings avoids the possibility of a change in control resulting from an issue of new shares. Borrowings Receiving something of value in exchange for an obligation to pay back something of usually greater value at a particular time in the future. Borrowings are divided into three terms. Short term lending may be in the form of: a) An overdraft, which a company should keep within a limit set by the bank. Interest is charged (at a variable rate) on the amount by which the company is overdrawn from day to day; b) A short-term loan, for up to three years. Medium-term loans are loans for a period of from three to ten years. The rate of interest charged on medium-term bank lending to large companies will be a set margin, with the size of the margin depending on the credit standing and riskiness of the borrower. A loan may have a fixed rate of interest or a variable interest rate, so that the rate of interest charged will be adjusted every three, six, nine or twelve months in line with recent movements in the Base Lending Rate. Longer-term bank loans will sometimes be available, usually for the purchase of property, where the loan takes the form of a mortgage. Leasing Leasing is a process by which a firm can obtain the use of a certain fixed assets for which it must pay a series of contractual, periodic, tax deductible payments. The lessee is the receiver of the services or the assets under the lease contract and the lessor is the owner of the assets. The relationship between the tenant and the landlord is called a tenancy, and can be for a fixed or an indefinite period of time (called the term of the lease). The consideration for the lease is called rent. There are two basic forms of lease: operating leases and finance leases. Operating leases Operating leases are rental agreements between the lessor and the lessee whereby: a) The lessor supplies the equipment to the lessee b) The lessor is responsible for servicing and maintaining the leased equipment Finance leases Finance leases are lease agreements between the user of the leased asset (the lessee) and a provider of finance (the lessor) for most, or all, of the assets expected useful life. Suppose that a company decides to obtain a company car and finance the acquisition by means of a finance lease. A car dealer will supply the car. A finance house will agree to act as lessor in a finance leasing arrangement, and so will purchase the car from the dealer and lease it to the company. The company will take possession of the car from the car dealer, and make regular payments (monthly, quarterly, six monthly or annually) to the finance house under the terms of the lease. Hire Purchase Hire purchase is the legal term for a contract developed in the United Kingdom. It is also called closed-end leasing. In cases where a buyer cannot afford to pay the asked price for an item of property as a lump sum but can afford to pay a percentage as a deposit, a hire-purchase contract allows the buyer to hire the goods for a monthly rent. When a sum equal to the original full price plus interest has been paid in equal installments, the buyer may then exercise an option to buy the goods at a predetermined price (usually a nominal sum) or return the goods to the owner Venture Capital Venture capital (also known as VC or Venture) is a type of private equity capital typically provided for early-stage, high-potential, growth companies in the interest of generating a return through an eventual realization event such as an IPO or trade sale of the company. Venture capital investments are generally made as cash in exchange for shares in the invested company. It is typical for venture capital investors to identify and back companies in high technology industries such as biotechnology and ICT (information and communication technology Franchising Franchising is a method of expanding business on less capital than would otherwise be needed. For suitable businesses, it is an alternative to raising extra capital for growth. Franchisors include Budget Rent-a-Car, Wimpy, Nandos Chicken and Chicken Inn Other possible alternatives can be used by KFCH KFC Holdings have been running their operation with all the types of source of finance as stated above. In order to further enhance themselves as well improving their investors relations, they can apply other kind of source to run their business KFC has not issue warrants throughout the financial year. Warrants are, in effect, options granted by the business that entitle the holder to subscribe for a specified quantity of ordinary shares, for a specified price at, or after, a specified time- usually several years following their issue. The business would usually issue the warrants in one of two ways, that is to sell them, in which case it would derive a cash inflow, or attach them to a loan stock issue as a sweetener or incentive to investors to take up the loan stock. Apart from that, KFC can even issue Employees Share Option Scheme at various options. An employee share scheme is one way to give employees a stake in your business and help  improve its performance. As employees normally have to remain with the business to get this benefit, share schemes encourage loyalty and can help you retain valued staff. They act as an incentive or reward and may also help recruitment. (Extracted from Business Link, http://www.businesslink.gov.uk/bdotg/action/layer?topicId=1074472937) In fact, KFC could even use hire purchase to source their finance. Hire purchase is referred to sales promotion device that creates customers purchasing power in the form of a fixed cost, fixed period installment loan, secured by a lien on the purchased item as the collateral. In case of capital equipment, the customer repays the loan from the earnings generated by the purchased asset (which otherwise would have remained unsold due to the customers lack of cash). During the repayment period the buyer has the possession and use but not the ownership (title) to the item. Only upon the full payment of the loan, the title passes to the buyer. Also called installment buying, it is a social innovation that expands the economy with additional income. (Extracted from Business Dictionary.com, http://www.businessdictionary.com/definition/hire-purchase.html) APPENDIX Share capital From the financial statement for the year 2008, KFC holdings issued 1,000,0000 new ordinary shares valued RM1.00 each for the year 2008 and 2007. . However, only 198,275 shares at RM 1.00 each was issued and fully paid. SHARE CAPITAL Number of Ordinary Shares of RM1 each Amount 2008 2007 2008 2007 2008 2007 000 000 RM000 RM000 Authorised At 1 January/ 31 December 1,000,000 1,000,000 1,000,000 1,000,000 Issued and fully paid At 1 January/ 31 December 198,275 198,275 198,275 198,275 Retained Earnings The percentage of net earnings not paid out  as dividends, but retained by the company to be reinvested in its core business or to pay debt. It is recorded under shareholders equity on the balance sheet. The formula calculates retained earnings by adding net income to (or subtracting any net losses from) beginning retained earnings and subtracting any dividends paid to shareholders: KFC Holdings recorded RM 316,703,000 of retained earnings in year 2008 compared to RM 257,611,000 in year 2007 for company. This shows that KFC retained their net earnings higher in year 2008 so that they can reinvest in its core business to pay its debt. Borrowings Borrowings are classified under short term borrowings and long term borrowings. KFC Holdings borrowed RM 20,000,000 in year 2008 while there were no borrowings for the year 2007 under company. On the other hand, KFCs long term borrowings amounted to RM 40,000,000 in year 2008 compared to RM 60,000,000 in year 2007. The total borrowings for the two years were RM 60,000,000 respectively. (Refer note: 26) The term loans granted to the Company are secured by the following: i First and third party charge over certain land and buildings as disclosed in Note 12(b) and Note 15 ii Deposits pledged with licensed banks as disclosed in Note 18 iii Corporate guarantee of the Company and a related company iv Debenture of a subsidiarys assets Company 2008 2007 RM000 RM000 Short term borrowings Secured Term loans 20,000 Unsecured Term loans 20,000 Long term borrowings Secured Term loans 40,000 60,000 Unsecured Term loans 40,000 60,000 Total borrowings Secured Term loans 60,000 60,000 Unsecured Term loans 60,000 60,000 Leasing KFCs leasing is analysed as long term leasehold land and short term leasehold land. The groups long term leasehold land notched RM 63,733,000 in 2008 compared to RM 63,868,000 in 2007. However, their short term leasehold land was RM 68,000 in 2008 while in year 2007, it was RM 73,000. Overall, their total leasing was RM 63,841,000 and RM 63,941,000 for the two years respectively. Leasehold land with an aggregate carrying value of RM30, 434,000 (2007: RM30, 822,000) are pledged as securities for borrowings. Group 2008 2007 RM000 RM000 At 1 January 63,941 62,687 Addition 1,830 Disposal (106) Acquisition of a subsidiary 722 Reclassification from property, plant and equipment 333 Amortisation for the year (822) (803) At 31 December 63,841 63,941 Analysed as: Long term leasehold land 63,773 63,868 Short term leasehold land 68 73 63,841 63,941 INCOME STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2008 Group Company Note 2008 2007 2008 2007 RM000 RM000 RM000 RM000 Revenue 3 2,179,788 1,730,371 97,220 88,000 Cost of sales 4 (1,064,548) (770,048) Gross profit 1,115,240 960,323 97,220 88,000 Other income 22,615 22,797 30,210 26,972 Administrative expenses (118,670) (109,061) (28,757) (22,713) Selling and marketing expenses (837,547) (712,109) Other expenses (6,622) (24) (2,310) (26,229) Operating profit 175,016 161,926 96,363 66,030 Finance costs 5 (7,559) (11,302) (2,887) (5,823) Profit before tax 6 167,457 150,624 93,476 60,207 Income tax expense 9 (47,107) (45,081) (9,522) (23,437) Profit for the year 120,350 105,543 83,954 36,770 Attributable to: Equity holders of the Company 118,535 1 04,269 Minority interests 1,815 1,274 120,350 105,543 Earnings per share attributable to equity holders of the Company (sen): Basic, for profit for the year 10 59.8 52.6 BALANCE SHEETS AS AT 31 DECEMBER 2008 Group Company Note 2008 2007 2008 2007 RM000 RM000 RM000 RM000 Assets Non-current assets Property, plant and equipment 12 615,059 529,658 19,750 19,908 Investments in subsidiaries 13 354,250 353,590 Investment properties 14 898 2,000 585 Prepaid land lease payments 15 63,84 1 63,941 Intangible assets 16 69,835 68,063 Other investment 17 4,500 Fixed deposits 18 6,324 6,324 749,633 674,486 374,000 380,407 Current assets Inventories 19 158,474 112,312 Trade and other receivables 20 128,112 78,972 222,742 156,642 Other investment 17 20,203 Cash and bank balances 21 97,985 140,358 6,797 11,826 404,774 331,642 229,539 168,468 Total assets 1,154,407 1,006,128 603,539 548,875 Equity and liabilities Equity attributable to equity holders of the company Share capital 22 198,275 198,275 198,275 198,275 Other reserves 23 47,705 50,963 22,080 26,560 Retained earnings 24 446,178 352,783 316,703 257,611 692,158 602,021 537,058 482,446 Minority interests 10,232 6,920 Total equity 702,390 608,941 537,058 482,446 Non-current liabilities Retirement benefit obligations 25 3,313 3,758 Borrowings 26 65,944 110,907 40,000 60,000 Deferred tax liabilities 27 31,602 25,036 107 444 100,859 139,701 40,107 60,444 Current liabilities Retirement benefit obligations 25 623 Borrowings 26 75,111 12,080 20,000 Trade and other payables 28 275,424 242,110 6,374 5,985 Current tax payable 3,296 351,158 257,486 26,374 5,985 Total liabilities 452,017 397,187 66,481 66,429 Total equity and liabilities 1,154,407 1,006,128 603,539 548,875

Scarlet Letter Essay - :: essays research papers

The Scarlet Letter   Ã‚  Ã‚  Ã‚  Ã‚  It is six in the morning at an Arizona prison. A prisoner named Jonas has been awoken by the prison bell, which sounds more like a horn, and signals that it is time for the prisoners to awake. Jonas quickly gets up, makes his bed and then stands at the door of his cell awaiting a prison guard who will be doing the daily check of his cell. While waiting for the guard, Jonas thinks to himself about what his day will be like, but he soon realizes that it will be the same as the day before, and the day before that, and the day before that, and so on. Jonas then grows quickly depressed, for he realizes, as he always does, that his life is filled with repetition and he is trapped by it. Like Jonas, many characters in the novel, The Scarlet Letter, experience the feeling of being caught in one way or another . Among those characters are Reverend Arthur Dimmesdale, Pearl Prynne and Hester Prynne. These characters are truly affected by entrapment.   Ã‚  Ã‚  Ã‚  Ã‚  From beginning to end, many factors contribute to making Mr. Dimmesdale feel trapped in one way or another. To start, he is trapped in silence and pain. His need to be silent and the pain that he feels because of it, is shown when he says to Hester Prynne, in front of the town,   Ã‚  Ã‚  Ã‚  Ã‚   Hester Prynne, ... I charge thee to speak out the name of thy   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   fellow-sinner and fellow-sufferer! Be not silent from any mistaken   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   pity and tenderness for him; for, believe me, Hester, though he   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   were to step down from a high place, and stand there beside thee   Ã‚  Ã‚  Ã‚  Ã‚   on thy pedestal of shame, yet better were it so, than to hide a   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   guilty heart through life. What can thy silence do for him , except   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   it tempt him-yea, compel him, as it were-to add hyprocisy to sin?   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Heaven hath granted thee an open ignominy, that thereby thou   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   mayest work out an open triumph over evil within thee, and the   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   sorrow without. Take heed how thou deniest to him-who   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   perchance, hath not the courage to grasp it for himself - the bitter,   Ã‚  Ã‚  Ã‚  Ã‚   wholesome, cup that is now presented to thy lips! (Hawthorne, 62). The town does not know it yet, but Mr. Dimmesdale is Hester Prynne’s fellow sinner.

The Standards and Values by which the Court of Malfi Lives Essays

The Standards and Values by which the Court of Malfi Lives The values that govern character's decisions in The Duchess of Malfi are diametrically opposed to the modern day ethos by which we are accustomed to live. The play is set in a time and society where today's basic sociability, fairness and freedom from oppression were completely unheard of and unprecedented. Those in power saw no point to their authority if they did not take full advantage of their influence, nobody would lookout for anyone else and people's livelihoods depended on kings' fickle whims. Corruption was rife, fuelled by the ruthless backstabbing and do-or-die attitude. In fact, the play starts by amalgamating and spotlighting the flaws with the court system by referring to Antonio's recent excursion and comparing Malfi with the vastly different French court. Antonio is clearly a newly-converted Francophile and describes his experiences in glowing terms, emphasising its superiority with a pithy, italicised aphorism to show that the French head-of-state fully understands how his decisions affect the people - should someone "poison't near the head, Death and diseases through the whole land spread" (I, i, l. 14-5). Coining a superb simile in describing the court as "like a common fountain" (I, i, l. 12), the French communal spirit and sharing lifestyle is drawn to the audience's attention. Unlike the Duke of Calabria, the King does not punish freedom of speech and feels duty-bound to deracinate the inveterate "corruption of the times" (I, i, l. 18). Antonio is one of the most admirable characters and one of the few in the play's opening who displays an attractive side to their personality. He clearly has positive values, as shown by... ...her classes sufficiently, and several characters such as Rodgerigo and Castruchio seem to favour following this method. The Cardinal looks as though he has reached his elevated position only by extirpating himself from his conscience and things such as respect and position are clearly very important in court society. A moral character that would stick to ethical beliefs would not last long in this world of corruption and mercilessness. Right and wrong (only in respect to what is owed to you) is a vital issue and it is very important to learn to mix with the right people in order to rise to the highest echelons of the court. Overall, the emphasis in the Italian court of Malfi seems to rest on material worldly goodness such as money, appearance and status rather than aspects some would consider more important - spiritual well-being, conscience and morals. The Standards and Values by which the Court of Malfi Lives Essays The Standards and Values by which the Court of Malfi Lives The values that govern character's decisions in The Duchess of Malfi are diametrically opposed to the modern day ethos by which we are accustomed to live. The play is set in a time and society where today's basic sociability, fairness and freedom from oppression were completely unheard of and unprecedented. Those in power saw no point to their authority if they did not take full advantage of their influence, nobody would lookout for anyone else and people's livelihoods depended on kings' fickle whims. Corruption was rife, fuelled by the ruthless backstabbing and do-or-die attitude. In fact, the play starts by amalgamating and spotlighting the flaws with the court system by referring to Antonio's recent excursion and comparing Malfi with the vastly different French court. Antonio is clearly a newly-converted Francophile and describes his experiences in glowing terms, emphasising its superiority with a pithy, italicised aphorism to show that the French head-of-state fully understands how his decisions affect the people - should someone "poison't near the head, Death and diseases through the whole land spread" (I, i, l. 14-5). Coining a superb simile in describing the court as "like a common fountain" (I, i, l. 12), the French communal spirit and sharing lifestyle is drawn to the audience's attention. Unlike the Duke of Calabria, the King does not punish freedom of speech and feels duty-bound to deracinate the inveterate "corruption of the times" (I, i, l. 18). Antonio is one of the most admirable characters and one of the few in the play's opening who displays an attractive side to their personality. He clearly has positive values, as shown by... ...her classes sufficiently, and several characters such as Rodgerigo and Castruchio seem to favour following this method. The Cardinal looks as though he has reached his elevated position only by extirpating himself from his conscience and things such as respect and position are clearly very important in court society. A moral character that would stick to ethical beliefs would not last long in this world of corruption and mercilessness. Right and wrong (only in respect to what is owed to you) is a vital issue and it is very important to learn to mix with the right people in order to rise to the highest echelons of the court. Overall, the emphasis in the Italian court of Malfi seems to rest on material worldly goodness such as money, appearance and status rather than aspects some would consider more important - spiritual well-being, conscience and morals.

Explication Essay of “Cities and Thrones and Powers” by Rudyard Kipling Essay

â€Å"Cities and Thrones and Powers, / Stand in Time’s eye,† (lines 1, 2). These lines set the stage for the poem’s meaning. Rudyard Kipling uses figurative language, word choice, and rhythm to create the meaning â€Å"Nothing in this world lasts forever, but life is everlasting,† Rudyard Kipling then dives further and creates a deeper meaning underneath that of the first saying, to enjoy the experience of life and to not get caught up in the hardships of life. He also says that life is everlasting, it might change form, but it will never end. There is an abundant use of figurative language, such as similes and personification, in this poem to help create the meaning. In line 3 and 4 he compares life in general to flowers, â€Å"Almost as long as flowers, / Which daily die.† With these lines he is comparing society to a flower, and in the grand scheme of things our lives are very small in comparison to the bigger picture. In the second stanza he is comparing our entire existence with a daffodil. â€Å"Esteems her seven days’ continuance, / To be perpetual.† (Lines 14 and 15). The daffodil believes that she will go on forever even though her life span is only seven days long. Like the daffodil in the poem, our society often focuses on our own lives and we thinks that it will last forever. Rudyard Kipling also uses excellent word choice to enhance the meaning of his poem. In the last line of the poem the word shadow is used. â€Å"Shadow to Shadow, ‘see how our works endure!’†(Part of line 22). He uses the word â€Å"shadow† to say the beginning and end. The word â€Å"shadow† creates a darker meaning than other words he could have used. He offsets the dark meaning by using the word â€Å"endure†. With this word he creates a sense of invincibility, in that life will never end. These parts of the last line mean people are not life itself but just a small piece of it and this is why life will truly never end. Kipling also uses the rhythm of the poem to help enhance certain parts of  his meaning. â€Å"Out of the spent and unconsidered Earth, The Cities rise again.†(Line 7). The rhythm of this line is slightly different than the rhythm of the surrounding lines making it stand out amongst them. He makes this line stand out because it is part of the basic meaning of this poem. This line shows that even though things will die and wither, other things will rise again. In this poem, Rudyard Kipling creates the meaning, â€Å"Nothing in this world lasts forever, but life will endure.† This meaning is created with the use of figurative language, rhythm, and word choice. In the end things will die, but other things will rise again. Cities and Thrones And Powers Cities and Thrones and Powers, Stand in Time’s eye, Almost as long as flowers, Which daily die: But, as new buds put forth, To glad new men, Out of the spent and unconsidered Earth, The Cities rise again. This season’s Daffodil, She never hears What change, what chance, what chill, Cut down last year’s: But with bold countenance, And knowledge small, Esteems her seven days’ continuance To be perpetual. So time that is o’er kind, To all that be, Ordains us e’en as blind, As bold as she: That in our very death, And burial sure, Shadow to shadow, well-persuaded, saith, â€Å"See how our works endure!† By: Rudyard Kipling

The apostle Paul was a great letter writer

The apostle Paul was a great letter writer. He supplied fourteen of the letters found in the Christian Greek Scriptures of the Holy Bible. Paul especially encouraged the circulation of his letters, he writing to the Romans, Corinthians, Galatians, Ephesians, Philippians, Colossians, Thessalonians and Hebrews generally.In his letter to the Christians at Colossae, he said in his conclusion, â€Å"When this letter has been read among you, arrange that it also be read in the congregation of the Laodiceans and that you also read the one from Laodicea.† (Col. 4:16) Even the apostle Peter, when he was writing from Babylon in Mesopotamia, spoke of his familiarity with the letters of Paul. All the evidence is that those first-century Christians were sharing the â€Å"word of life† with others in this dying world.Paul, above all else, had a keen appreciation of the honor bestowed upon him to be the apostle to the nations: â€Å"I am grateful to Christ Jesus our Lord, who delegat ed power to me, because he considered me trustworthy by assigning me to a ministry, although formerly I was a blasphemer and a persecutor.† Moreover, far from being proud because of his office, he humbly asked his brothers to pray for him that he might have the needed freeness of speech to give a good witness.However, once a ruthless persecutor of Christians, now he was as gentle with those whom he taught as a nursing mother with her own children, exhorting was and consoling them as a father does his children. Nevertheless, he could also express righteous indignation, as when he rebuked Peter for his vacillation and those of his fellow citizens who opposed the truth.Though well educated, Paul did not call attention to himself nor did he need to resort to written letters of recommendations. Those to whom he brought the truth were living letters that could be read by all men. Within chapters six and seven, the book of Reverend Frank Matera entitled New Testament Theology address es the different issues pointed out by Paul in his letters to the Galatians, the Romans, The Philippians, the Colossians and the Ephesians.CHAPTER 6: A THEOLOGY OF RIGHTEOUSNESS: Galatians and RomansThe letter to the Galatians showed how much passion Paul particularly have with regards the righteousness of the gospel and how much he detests those who intensely goes against the principles and rules set straight by the gospel.Paul’s exclamation, â€Å"O senseless Galatians,† is no evidence that he had in mind only a certain ethnic people who sprang exclusively from Gallic stock in the northern part of Galatia. Rather, Paul was rebuking certain ones in the congregations there for allowing themselves to be influenced by an element of Judaizers among them, Jews who were attempting to establish their own righteousness through the Mosaic arrangement in place of the ‘righteousness due to faith’ provided by the new covenant.Racially, â€Å"the congregations of Gal atia† to whom Paul wrote were a mixture of Jews and non-Jews, the latter being both circumcised proselytes and non-circumcised Gentiles, and no doubt some were of Celtic descent.All together, they were addressed as Galatian Christians because the area in which they lived was called Galatia. The whole tenor of the letter is that Paul was writing to those with whom he was well acquainted in the southern part of this Roman province, not to total strangers in the northern sector, which he apparently never visited. The letter reflects many traits of the people of Galatia in Paul’s time. Gallic Celts from the N had overrun the region in the third century  B.C.E., and therefore Celtic influence was strong in the land.The Celts, or Gauls, were considered a fierce, barbarous people, it having been said that they offered their prisoners of war as human sacrifices. They have also been described in Roman literature as a very emotional, superstitious people, given to much ritual, and this religious trait would likely influence them away from a form of worship so lacking in ritual as Christianity.Even so, the congregations in Galatia may have included many who formerly had been like this as pagans, as well as many converts from Judaism who had not entirely rid themselves of scrupulously keeping the ceremonies and other obligations of the Mosaic Law. The fickle, inconstant nature attributed to the Galatians of Celtic descent could explain how at one time some in the Galatian congregations were zealous for God’s truth. Later, they became an easy prey for opponents of the truth who were sticklers for observance of the Law and who insisted that circumcision and other requirements of the Law were necessary for salvation.The Judaizers, as such enemies of the truth might be called, apparently kept the circumcision issue alive even after the apostles and other elders in Jerusalem had dealt with the matter. Perhaps, too, some of the Galatian Christians were suc cumbing to the low moral standards of the populace, as may be inferred from the message of the letter from chapter  5, verse 13, to the end.At any rate, when word of their deflection reached the apostle, he was moved to write this letter of straightforward counsel and strong encouragement. It is evident that his immediate purpose in writing was to confirm his apostleship, counteract the false teachings of the Judaizers, and strengthen the brothers in the Galatian congregations.It is through this letter that Paul has awaken the people with regards the truth that fraud of beliefs has made their hearts and conscience harden from the possibility of being able to please the one true God whom they prefer to worship. Consequently, their choice of going against the supposed true and righteous path has led them to becoming detestable to the eyes of God, thus it is required that they immediately change their views about the said matter.By the time he wrote Romans, Paul had already completed two long preaching tours and was well along on the third. He had written five other inspired letters: First and Second Thessalonians, Galatians, and First and Second Corinthians.Yet it seems appropriate that in our modern Bibles, Romans precedes the others, since it discusses at length the new equality between Jews and non-Jews, the two classes to whom Paul preached. It explains a turning point in God’s dealings with his people and shows that the inspired Hebrew Scriptures had long foretold that the good news would be proclaimed also to the non-Jews.Paul, using Tertius as secretary, laces rapid argument and an astounding number of Hebrew Scripture quotations into one of the most forceful books of the Christian Greek Scriptures. With remarkable beauty of language, he discusses the problems that arose when first-century Christian congregations were composed of both Jews and Greeks. Did Jews have priority because of being Abraham’s descendants?Did mature Christians, exer cising their liberty from the Mosaic Law, have the right to stumble weaker Jewish brothers who still held to ancient customs? In this letter Paul firmly established that Jews and non-Jews are equal before God and that men are declared righteous, not through the Mosaic Law, but through faith in Jesus Christ and by God’s undeserved kindness. At the same time, God requires Christians to show proper subjection to the various authorities under which they find themselves.