Do you believe that equity fund managers with a good knowledge of Essay

Do you believe that equity fund managers with a good knowledge of behavioural finance can consistently outperform the market on a risk-adjusted basis Give reas - Essay Example y tries to point out that as the fund managers receive information they react spontaneously and update their briefs as soon as possible and also explains that given their briefs they make choices that are normatively acceptable1. Whereas, behavioural finance as mentioned is a new phenomenon which points out areas that are more towards reality because it tries to explain investors’ or the fund managers’ decisions by application of models and tools that takes into account the irrationality of the investors; thus here, it tries to talk about what happens when fund managers do not update their briefs as quickly and also do not stay in the acceptable norms. The proponents of behavioural finance argue that use of traditional pricing or valuing techniques such as capital asset pricing models, dividend discount models, relative valuation models etc. does not always explain why the excess returns have been earned at the end of the day by the investors in the light of the efficient markets, thus suggesting that if investors were rational then these techniques would rightly project the prices and no security would have been traded excepting at their fair values. Whereas, behavioural finance attempts to points out the anomalies in the fair values and the decisions that fund managers make in the market. The flawed or the irrational human behaviour is a victim to the phenomena like herd mentality, contagion effect, loss aversion, extrapolation, hindsight bias and illusions of control2. Here emotional factors and intuition to a large extent are the decisive factors in trading. Some of the most likely occurrences that can lead to fund managers deviate from making rational decisions in the market include importance of playing safe compared to earning high risk significant gains and also following the herd versus relying on self. Fund managers when offered a sure shot amount compared to something that is doubtful are more likely to accept the sure amount and forego any larger

What Role does Early Education Play in the 'Gendering ' of Children Essay

What Role does Early Education Play in the 'Gendering ' of Children - Essay Example As the report declares the gender bias can also impact access to educational equality, stifle their psychological and physical wellbeing. It is very critical for the early childhood educators to be conscious of the effects of stereotypes. The gender identity concept awareness is important for the educators because it is always placed on the children at a very early age, for example, nursery colors selection. Children start to understand and form gender concept at about two years of age. Most children begin to know they are a boy or a girl at the age of three years. At around three to five years, the children grow their gender identity and start to clearly understand male or a female traits. Immediately these young children understand their gender identity, they begin to develop gender stereotypes. From the research it is clear that gender is different between cultures and they are not necessarily the biological traits which differentiate between a male and a female. Earlier research has indicated that gender identification can be formed in two different perspectives; sex role theories and gender relational theories. The children are motivated to join the opposite sex areas out of their own choice, adopt nontraditional behaviours and attitudes. Gender relational theories, on the other hand, children are viewed to actively engage in their own gender identities. Gender in children is thought to grow continuously, based and shaped by ethnicity, the social class, culture, age and religion.

Computerised Accounting System Essay Example for Free

Computerised Accounting System Essay At very outset I sincerely thankful to you for promoting me in the cadre of A. O. ( Mkt) would like to draw your kind attention to my various earlier requests for restoration of my three increments as per the order dated 25th January 2005, passed by then CMD (copy enclosed ) by modifying the earlier order the following. 1 Restoring the basic pay to the same level as the order was to be without cumulative effect; as has been very categorically specified in the order. However, notwithstanding the above, the first part of the enclosed order was implemented long back in the year 2005, but even after so many years the 2nd part of the order is not implemented by your office till today my basic salary has not so far been restored. It is respectfully submitted that non restoration of my basic pay as mandated by the order under reference would be in derogation of the order passed by the erstwhile CMD. my salary in the promoted cadre cannot be fixed unless my 3 increments are restored only after restoration of these 3 increments my salary can be fixed In promoted (A. O. ) cadre . I therefore request your kind self to immediate restore my three increments ( by which my basic pay has been already been reduced )w. e. f. year 2005. so that there is no delay in fixing my salary in promoted cadre. I shall be extremely grateful to you for the act of kindness.

Analysis Of Aircraft Maintenance

Analysis Of Aircraft Maintenance As everyone knows, nowadays aircraft has become the most important transportation for everything. But the most important is people who are travelling with aircraft. The lives of the people on the aircraft are important. Each and every airlines in this world today, are trying to convince people that they are the safest airliner, but the main question is, are they really safe as what they mentioned? Aircraft maintenance activities are generally divided into two categories, which are, working on-aircraft and working off-aircraft. Working on-aircraft is when the technician or the engineer has to troubleshoot, repaired, overhauled and changing parts. While working off-aircraft is when there is any parts on the aircraft been removed and need to be checked separately from the aircraft, for example aircraft battery check, which needs to be removed and taken to battery shop in order to continue inspection or charging. Normally, every approved maintenance organization must have store department that use to receive and issue every parts, component and appliances. For that reason, this store department must comply with storage regulations as stated in approved maintenance organization requirements such as EASA Part 145.A.42 and CAA CAP 562 Civil Aircraft Airworthiness Information and Procedures (CAAIP) recommendations. Aircraft is not like other transportations, everything parts that being installed on the aircraft must be genuine, neither like car, it can use a fake parts in order to safe cost. But aircraft is nothing close to that. If fake or bogus parts are being used on the aircraft, every person lives on that aircraft are in jeopardy. But today, the news of civil aviation authority and aircraft manufacturers are working hard tracking down and eliminate counterfeit parts as well as tracing aircraft parts which are lacks of documentation are all over the world. In this assignment a research, analyse, and critically evaluate of maintenance practices in a civil commercial aircraft environment, concerning the use and control of genuine and non-genuine (bogus) spare parts for aircraft use will be carried out. TERMS AND DEFINITIONS These terms and definition is taken from FAA unapproved parts investigation in accordance with the source from FAA (2011) and M. Mohamad (2003). BOGUS PARTS: Describe several parts categories, ranging from properly manufactured parts lacking required documentation to defective and deliberately counterfeited parts.Under FAA regulations, all aircraft UNAPPROVED PARTS: parts manufactured without FAA approval (specifically FARs Part 21.305 or repaired under the terms of Part 43) are unapproved parts. This catchall classification includes counterfeit parts, stolen parts, production overruns sold without authorization, parts in exceedance of their time limits, approved parts improperly returned to service, and fraudulently marked parts, or parts which have no traceability. COUNTERFEIT PARTS: Parts made of inferior properties. APPROVED PARTS: production standards (FAR 21.305). They can be approved under a Parts Manufacturer Approval (PMA), under Technical Standard Orders (TSOS), in conjunction with typecertification procedures through FAA administration approval, or by conforming to recognized Industry specifications. LIFE-LIMITED AND TIME-EXPIRED PARTS: Aircraft parts that have predetermined service lives become timed out and no longer serviceable after exceeding these prescribed limits. Illegal use of scrapped, time-expired critical parts, which do not have to be destroyed prior to disposal or sale as scrap, has been linked to several fatal aircraft accidents. APPROVED MANUFACTURER There few things an orgnanisation must look in before making parts order. This is to prevent from making order from fake manufacturer. The organisation must make sure the part from the manufacturer is approved by FAA or EASA under 14 CFR Part 21 and EASA Part 21. An approved part manufacturer must be certified as FAA-PMA (FAA-Part Manufacturer Approval) or EASA Production Organisation Approval (POA). According to the FAA web page under Suspected Unapproved Part (SUP) Program (FAA, updated 19 December 2008), the buyer or any organization who want to order parts can refer all the current approved PMA from the FAA database. According to CAA CAAIP Part 1 Leaflet 1-6 (2006:1), unapproved aircraft parts or materials classified if: Parts or materials not conform to an approved type design. Parts or materials fail to conform to declared specification or accepted industry standard (standard parts). Parts or materials marked by unauthorised source with false documentation. Parts not been maintain, overhauled or repaired in accordance with the requirements of approved airworthiness data and/or statutory requirements, or by persons not authorised to perform and certify those functions. Parts that directly shipped to the end user by manufacturers, suppliers or distributors who do not hold appropriate production approvals and not been authorised to make the direct shipment to user by Type Certificates holder. While for an approved parts buyer were advised and recommended to follow the minimum procedures prior to place any order of aircraft parts which According to FAA Advisory Circular AC 21-29C (2008:1) has mentioned the term of approved parts are produced in accordance with the means outlined in Part 21. The procedures that the buyer needs to follow are as below. Identify the distributors and/or suppliers including their documentation system and receiving inspection system meet the traceability of parts to an FAA approved source. Evaluate and cross-checked to unfamiliar distributors and/or suppliers in order to prevent from putting the aircraft parts into risk condition. Identify the significant reduce of price than the priced quoted by other distributors and/or suppliers of the same part. Identify the delivery schedule offered to other distributors and/or suppliers (when the stock of a like item is exhausted). Usually the bogus manufacturer offer shorter delivery. Sales quotes or discussions from unidentified distributors that create the perception that an unlimited supply of parts, components, or material is available to the end user. A bogus distributor and/or suppliers inability to provide substantiating documentation that the part was produced in accordance to an FAA approval, or inspected, repaired, overhauled, preserved, or altered in accordance with the CFR. Any parts, components or appliances that need to be released must has come with Statement of Conformity or Authorised Release Document which signed and stamped by an authorised personnel from the approved manufacturer. Besides all the above, the approved manufacturer must also include or have Export Certificates of Airworthiness stated under 14 CFR Part 21 Subpart L Export Airworthiness Approval by releasing FAA Form 8130-3 Airworthiness Release Tag for export. Advices from the authorities, have mentioned clearly to the buyer to put extra caution on choosing the aircraft part dealers and before attempting any purchase order. On 21st January 1992 the FAA had issued an Airworthiness Directives AD 91-24-14 (Transport Airplane Directorate Designee Newsletter, 1992:10), about the incident of Pratt Whitney JT8D series turbofan engine regarding the bogus 4-1/2 bearing seal spacer found by United Airline mechanic during routine maintenance inspection. The FAA had find out that bogus spacer was contributed to engine bearing seal deterioration and cause the engine failure which can put the flight jeopardy. Therefore all the buyer and part manufacturers must be alert on recommendation of the authority in terms or avoiding bogus part or fake part to be used on aircraft. COMPONENTS DELIVERY Choosing the approved part manufacturer is one thing. The other crucial part that any organization or part manufacturers need to look into is the components delivery. Whenever order is placed, it must be distributed by the standard couriers that have good reputation in delivering goods. The organisation or part manufacturers must make sure the components distributor or courier is recommended by both parties in order to confirm the security of the components delivery. In accordance with CAAIP (2009:6) Part 1 Leaflet 1-12 The Acceptance of Aircraft Component under point 5: Distributor, the aircraft component distributors are not required to be approved by the CAA. The components distributor also cannot raise the Authorised Release Document, not required to provide any technical expertise to confirm the status of the aircraft components. So, any component received from the distributor, it is the storage department which is end user who is responsible to request the Authorised Release Document that release by approved organisation and establish the acceptability of the components itself before any installation of the part to the aircraft can be made. There is also Other thing that can happen such If the original distributor doesnt want to pass the components documents to end user, if this happened it is acceptable if another distributor endorsed the original distributors documentation according to reference number given. Authorised Release Documentation of the aircraft component is on file, Ref. No. # # # # and will be made available to the end user upon request from that end user (CAAIP Part 1 Leaflet 1-12, 2008:6) A further advice by CAA CAAIP Part 1 Leaflet 1-6 (2006:1), if the parts are delivered by direct shipment from manufacturer, it has got to have an authorisation letter by the Type Certificates holder to do so. If any parts are shipped to the end user by direct delivery from the manufacturers, who do not hold appropriate production approval, it will then be declared as bogus parts or unapproved parts. In accordance to Advisory Circular 00-56A (2002:12), the distributor must have Distributors Certification Letter in order to improve the eligibility of the aircraft parts and products for installation to type-certificated products. This organisation is part of FAA agency that works to conform and audit the quality system of the distributor accordance to FAA recommendation. By doing this, the security of the parts delivery will be achieved in order to reduce the bogus part usage. ACCEPTANCE OF PARTS Following to the store requirements, the organization must show how they going to guarantee that all the parts received are genuine (ICAT Module 10:63). For that reason the organization must ensure all the parts are from approved source that has traceability and history. In 1992, according to the bogus part cases, FAA had mentioned to the aviation communities to be alert on current issue in Aviation Maintenance Alerts (FAA, updated on 25 April 2008). The purpose of this maintenance alert is to share any information about the current maintenance experiences especially about the bogus parts usage in order to improve aeronautical product durability, reliability and safety. Now days lot of bogus parts that looks similar to original parts. So the organisation need to be alert on this kind of situation in order to make sure only approved parts are install or use on the aircraft. STORE As an approved organisation, there are two types of store must be existed which are quarantine store and bonded store. Both storage stations must be separated in order to prevent from mixing up the serviceable and unserviceable items. Further explanations of both stores are as below. Bonded store In this storage area, all the parts are ready to be installed to the aircraft and being monitored on its shelf life and eligibility. Some organisation has placed the approved parts under their own storage reference. This way is easy to keep track the parts eligibility and all the documents can be managed in a better way. If any of the parts are issued from this storage area, it is the responsibility of the mechanic or the engineer to check the parts and appropriate documents in order to confirm its airworthiness before installed to the aircraft. This maintenance practice can help reduce the bogus parts from being used. Quarantine store All new materials which have been received from the distributor must be placed in the quarantine store first, at which time the stores inspectors will check that all items are received. Below are the procedures that need to be carried out by the store inspectors. The inspector must confirm the specification and the drawing requirements. Inspector must inspect in order to ensure the goods received are free from damage or corrosion Inspector must also noticed that the items are received with sufficient time left to enable the item to be stored for a reasonable period in the case of shelf life item The store inspector must ensure the items received are accompanied by necessary airworthiness certificate When all these procedure has been carried out and the store inspectors are satisfied, that the incoming spares are fully airworthy they will then produce a good receipt number to the item for company internal identification and traceability. All items with the serviceable tag are sent to the bonded store. Parts which are considered to be airworthy will stay in quarantine store until instructions are received for their handling. INDENTIFY AND HANDLING BOGUS PARTS According to Federal Aviation Administration (FAA) system surveillance and analysis division, every organisation or distributor should create procedures before purchasing parts in order to found qualified suppliers authorized to make or move FAA approved parts. The following criteria can help identify and screen out potential SUPs suppliers: 1. Lowball prices if the price quoted or advertised is significantly lower than the price from other suppliers of the same part; 2. Suspiciously fast service if the delivery schedule for an out-of-stock part is significantly shorter than from others; 3. Data shortage if the supplier seems unable or unwilling to substantiate conformity of the part; 4. Papertrail shortage if the supplier seems slow, or unable to document FAA approval for the part. If any of these types of situations arise, organization or distributor should: Inspect product containers for damage, another suppliers name, or no markings at all; Crosscheck purchase orders with the delivery receipts for proper part number or component history card; Develop a system for tracking the shelf or service life of parts so as not to inadvertently use a part with an expired life limit; Verify that part identification markings arent altered or otherwise tampered with things like a serial number stamped over, an improper label, a missing label or a serial number stamped at a spot different than usual; Inspect parts for visual defects or abnormalities, such as altered or unusual surface finishes, the absence of, or variation in, required plating, any evidence of prior use, new paint, old scratches, pitting, corrosion or any sign of an attempted repair; Audit your supplier to ensure they establish and maintain the quality requirements specified in the purchase order. The CAA and FAA will exchange this report and work together in order to trace the unapproved manufacturers. This report will support the users to be more concern about the non-genuine parts besides helping the authorities to prevent from the non-genuine parts to be installed or used for aircraft. FAA RULES AND REGULATIONS. 1. FAA Part 21 Section L Export Airworthiness Approval This approval is issued for new or used aircraft manufactured according to Subpart F and G meet the airworthiness requirements outlined in Subpart H. An export airworthiness approval for an aircraft is issued in the form of an export certificate of airworthiness. This certificate does not authorize operation of that aircraft. The FAA prescribes the form and manner in which an export airworthiness approval for an aircraft engine, propeller, or article is issued. Under this subpart also provide the responsibilities for the exporters which all documents specified must be forwarded to the country or jurisdiction. The products and articles must pack and preserve as necessary in order to protect it against corrosion and damage during transit or storage and also must be in effective state on duration of delivery. 2. Advisory Circular 00-56A: Voluntary Industry Distributor Accreditation Program This advisory circular provides information about the system of accreditation of civil aircraft parts distributors by the FAA. The information in this AC has been revised in order to meet current changes in regulatory requirements and industry practices thus to improve the ability of certificated person to establish the eligibility of parts and products for installation on type-certificated products. Under this AC also provide the guideline for the aircraft parts distributors to be accredited thus reducing the problem of non-genuine aircraft parts in delivery system. All the accredited distributors will be given a certification letter or certificate approved by Accreditation Organisation. 3. Electronic use of the Authorised Release Certificate, FAA Form 8130-3, Airworthiness Approval Tag According to FAA Order 8130.21G (2009:5-1), under this topic the FAA provide guidance on acceptance and use of the electronic exchange FAA Form 8130-3 use of such electronic documentation for aircraft products and articles. This electronic FAA Form 8130-3 and other corresponding EASA and TCCA forms offer several advantages over the current paper format. FAA also provides information in procedures for use of this electronic 8130-3 Form. The authorised person must follow all the guidelines and notify their geographic FAA office before implementing the electronic form according to chapter 2, 3 and 4 of this order. Basically the issuances of the form must be in paper format in accordance with the appropriate chapter of this order. This order also provides sample of the necessary electronic 8130-3 Form as attached in the appendix. CONCLUSION Even though many preventive actions has been taken by the authorities to remind part manufacturers and aircraft companies how dangerous bogus parts are, but still there are a lot of non genuine parts being sold in the market. It is not only the part manufacturers fault, but as well as the aircraft company, who is trying to cut down cost on maintenance services due to the economy problem. As a result they decided to buy bogus or non genuine parts from the part manufacturer. So, are all the aircraft in the world are saved to travel with? Are the passengers lives or safety comes first? Or are the only thing they can think of is about losing money on using genuine aircraft parts.

Development Of The Carol Essay -- essays research papers

The seasonal songs popular in western music, especially in conjunction with the Christmas season, known as carols, have a rich and complex history full of tradition and controversy in the realms of both sacred and secular music. The concept of singing carols to celebrate holidays developed during the 13th century in France, although what was to be known as carol music had been around from centuries earlier. It is believed that when troubadour Saint Francis of Assisi had made the first Greccio crib, he began to sing songs honoring the Nativity and the joy of celebration in religion, for this was a strict Puritanical era wherein communal singing, drama, and any type of festivity was looked down upon in the first place, and absolutely abhorred in religion. The concept of singing these carols gained popularity throughout Europe towards the end of Puritan reign and the growth of the Mystery Play throughout the 14th and 15th centuries. The Mystery Plays were dramatic pieces celebrating the birth of Christ. The basic plainsong and antiphon of the time were lacking the drama required by these performances, and soon religious songs for these performances were being written in the vernacular for these plays. The still popular English "Coventry Carol" dates back to this period. By the end of the 15th century, carols had begun to stand on their own as anonymous pieces of music, and were dung on almost all religious feast days, including Christmas, Easter, and throughout the Spring in celebration of the peoples emancipation from Puritanism. As mentioned earlier, the music that these early carols were based on dates back to the 9th and 10th centuries Medieval period, where it was used as dance music. The word carol itself is derived form the Latin "choraula," which was a monophonic ring dance accompanied by singing during the Medieval era. The form of the early carols followed the binary structure of these dances. It consisted of the stanza, which was basically a verse, and was used as a resting point for the dancers, and the burden, which was a theme repeated at the beginning and ending of each piece as well as between each stanza. It expressed a sort of summary of the music, and was the time for the dancers to really swing. Anothe... ...the 19th century, the better carol music had been weeded out form the worse, and it began to be collected in a more systematic fashion. Countries throughout Europe began to amass their old carol folk songs into collections of national music. An innumerable number of old carol tunes that were hidden in the memory of old country folk were rediscovered and published for the first time. Today Christmas remains the most popular season to celebrate with carols. America has birthed her own collection of Christmas carols, although one will find these more modern 20th century carols to have much less of a connection with religion, if any at all, than the older European carols. A wide variety of carols form various geographic areas and eras continue to be sung by choirs and vocal ensembles, in churches, and for various forms of entertainment. There have even been instrumental arrangements and contemporary renditions of many of the older carols. Although in many ways the carol has been modernized, especially in the American culture, the beautiful simplicity and antiquity of the music, as well as the remarkable history and tradition they imply, cannot be ignored.

A Girls Best Friend - Original Writing Essay -- Papers

A Girl's Best Friend - Original Writing She walked down the steps and off the plane; her poise was so perfect that she could have been mistaken for a model. The long skirt swished around the top of high-heeled boots and the glitzy, kitsch ear-rings dangled onto an exquisitely tailored jacket and shirt. She bypassed the luggage reclaim, her bag always stayed with her on the plane. As she entered the terminal, the security cameras swivelled around to get a clear shot of her face, as they did for everybody who passed through the revolving doors. The camera caught her eye and she sighed. This was the tough part of the job, although secretly she adored the adrenaline rush. With purposeful, yet delicate strides, she moved towards the exit. The throngs of people, greeting returned brothers and sisters, meeting their aunts and waiting for their beaus aided her passage. The door was looming, she quickened her pace; ahead of her, the guards' security radios were crackling with mystical instructions. Instinctively her hand reached into her bag and found a pair of sunglasses that covered most of her face. With beads of sweat forming on her perfect hairline she headed towards the sunlight. A guard barked some reply into his radio and moved towards her, she caught his movement in the corner of her eye and with her eyes down she tried to lose herself in the crowd. The guard from the other side of the door started to stride in her direction, caught in between the two guards the woman desperately ducked down behind a big potted plant, counted to three, and then set off with a group of foreign tourists in an attempt to reach the door and thus es... ...t they could. He nodded his head grimly, inwardly rejoicing at her obvious despair. 'If we find anything you will be notified; with an invitation to court, however as of now you are free to go.' With mock courtesy he opened the door for her, she staggered out. This time she made it to the exit, she knew they were watching her but didn't care. She picked up a taxi and gave him a random address. Standard procedure, never give the first cab driver the home address, only let the second or third take you home. She carried out the procedure even though there was nothing else that they wanted of her. As she stepped onto the lawn in front of her block of flats she looked side to side to check that there was no one watching and allowed a grin to spread across her face like wildfire. She carried a rainbow under each ear.

C.S. Lewis: “We have No ‘Right to Happiness” Essay

In the essay C.S. Lewis claims that we the people within the world don’t have the right to happiness. Now why would he believe that we don’t? Surely, we have met people in our life’s here and there who we thought were either happy or not. But does that mean in Lewis’ essay that since â€Å"We have no right to happiness† that everyone in the world is miserable? Its ironic how nothing has changed in our culture since the time Lewis has wrote this short essay. I believe that people know how to be happy but they just feel like they â€Å"supposedly† have a good reason to not be satisfied with their lives. Society today makes â€Å"us† brainwashed thinking that we don’t have many rights to do certain things within our lives with all the music, media, and etc. When in reality we do have the right to make a stand and have our happiness be handed to. No one is to be felt like they can’t be happy because I strongly disagree on Lew is’ part for his title in the essay â€Å"We have no right to happiness† because I know that based on people’s life can be found happiness in many ways whether they find happiness in life, being rich, or love. Firstly, it just amusing that people misconstrue themselves thinking that they have the right to do whatever makes them feel happy. Even though, in the â€Å"Declaration of Independence† states that we are all equal and have rights to do what makes us happy, but to be honest it’s just all lies. For instance, in school our opinions in class shouldn’t affect our grades. That just shows you how the world just wants you to feel unhappy and that you have no right to speak up your mind. In reality, we truly don’t have equalizes in our own country which I feel it’s a shame because why doesn’t the world not want us to be happy? What we should have is balance in life in order to know what we know will make us happy. The major misunderstanding we the people have is thinking that we can steal, rape, murder people, and etc. Why? Because supposedly we can do whatever that makes us happy, despite the consequences? I feel like there should be limits when we talk about what can make us happy like doing the better deed instead of doing the bad deed that  isn’t the right to happiness. We have to remember good deed brings good karma within in yourself and you will be earned the happiness you deserve. Secondly, I find it really unfair how there are millionaires/celebrities who have all the money in the world and still aren’t †Å"happy† with themselves. Personally, if I were them I would be running around with joy in my big beautiful mansion that I bought. I mean if they deserved to be rich with so much money why not be happy? Therefore, you see celebrities overdosing themselves, and drinking till they can’t any more because they aren’t happy. For example, Brittany Murphy she died from an overdose with of course drug pills why? Honestly, we should all be grateful in the world that we have some sort of happiness to keep us alive because without it we’ll all be weak. In addition, for the people who drink away their problems does it help? Yes, when you’re drunk, but once you’re sober again the issue will always be there. Thus, we should always think twice before we act on whatever we’re doing. In reality, I truly believe that the rich are more depressed then the people who aren’t rich. Reason being, because they know what it is to be thankful and blessed no matter how richer or poorer. Lastly, when I read that in Lewis essay Mr. B wants to divorce his wife because he doesn’t find her sexual attractive anymore. This topic I put to last because it’s the number one topic that truly gets me crazy because I know men out there that actually do that to their dearest wives. Now, when it comes to happiness I always do believe in â€Å"second chance†. Why couldn’t Mr. B tell his wife â€Å"Oh, honey lately you haven’t seem to care about yourself why don’t you treat yourself to the spa or get your hair done†. I mean is it that hard to be honest with your love partner? That’s only if you believe in giving â€Å"love† one more try and know that you still love him/her and would do anything to make it work. Therefore, that’s why there are a lot of divorces in America sadly to say. Couples forget the reason why they fell in love with each other from the very start and how great they used to communicate together as a strong loving married couple. It’s obvious that Mr. B was only caring about himself and not his wife. What I do know and I don’t want to sound like Im a know-it-all but because I have family members/friends who’s had that situation before getting divorce for so many reasons; that when two people have long lasting happiness it’s not because they are exclusive but because they trust each other and also have loyalty,  control over themselves, fair-minded, and etc. Even though Lewis obtainable made Mr. B and his mistress bad in his ess ay saying that others should be happy by â€Å"divorcing†. Overall, as what Lewis’ wanted to make his readers point out that the word â€Å"happiness† is a process of what we can achieve only when our interests aren’t based on ourselves but others too. His title of the essay is just like a question; â€Å"Do you believe we have no right to happiness?† It’s a message that Lewis’ sends out to his readers like what do we believe that if we should have the right to be happy. Obviously, we all do have the right no one should feel neglected. Sadly, to say that there are still people today those â€Å"think† they are powerless and can’t achieve anything. But I do strongly disagree on Lewis’ part for his title in the essay â€Å"We have no right to happiness† because I know that based on people’s life can be found happiness in many ways whether they find happiness in life, being rich, or love. Therefore, this topic is very fun and interesting to write about because everyone has their own opinions whether they believe or not that we should have the right to happiness it’s a very good argument.