Thursday, October 31, 2019
See directions Essay Example | Topics and Well Written Essays - 500 words
See directions - Essay Example This meant that he did not have to be transferred from one slave to another work in out of season without payment. Being free, Douglass could do any kind of work of his choice without being forced and eat well even if it was not much food. As illustrated in the narrative, Douglass hired out his time to worker as a calker but all that he earned went to his Master Hugh. If only could enjoy what he toiled for, then he could say he had freedom. According to Douglass (p.68), the desire to be free then started to overwhelm him while in slavery and that prompted him to find a way to achieve his own freedom. This was a matter of death and life but Frederick Douglass decide to give it a try than to acknowledge his life as a slave and live with it. The only way that Douglass could be free and get to enjoy freedom for the rest of his life was to escape from the slaveholders. After planning it all, and making up his mind, Frederick Douglass finally achieved his freedom from slavery by escaping out of the slavery and went seek a better life in a free world. It is fact that at the time, the cases of slavery and slave trade was something common. That is why a narrative like this of Frederick Douglass was very popular. Many black men and women were sold and enslaved by the white people. There they could work for their work white masters for the rest of lives (Douglass p.113). However, others like Douglass who are lucky to escape get a chance to start their lives a fresh out of slavery. This is clearly seen from the fact that Mr. Ruggles was there to help those who escaped from slavery. This means that there were many black people who worked as slaves. In Bedford there were people who had escaped from slavery and went to start new lives in freedom. Thus the story of Frederick Douglass was not a unique case at that time. The techniques used and the flow of the narrative by Douglass was very descriptive and flowing. Therefore, one can say
Tuesday, October 29, 2019
E-Commerce in the 21st Century Essay Example | Topics and Well Written Essays - 1750 words
E-Commerce in the 21st Century - Essay Example However, E Commerce is no panacea. There are some thorny issues in the implementation of E Commerce; particularly, the technical standards and security issues. The report aims at analysing the benefits of E Commerce to business functions. The report looks at the current technological offerings available to businesses to implement E Commerce. Specific benefits brought about by E Commerce in various systems and sub systems of businesses are considered. The paper also analyses the loopholes of E Commerce solutions that may hamper the companies in the implementation. Finally the case study of COMPANY is considered to bolster the premises of the report. The availability of commodity priced IT systems, high speed and affordable communications infrastructure and ever increasing research and development in computer languages have swelled E Commerce. But what exactly is E Commerce The ubiquitous definition of E Commerce would be, "Buying and selling of goods on the Internet". However this definition is a little too coarse; too simple. The eCommerce Innovation Centre provides a more pragmatic view by defining E Commerce as every form of business or administrative transaction or exchange of information between a company and its outside world (eCIC, 2001). The first implementations of E Commerce applications can be traced back to the early 1970s, when a few companies began exchanging data among themselves through Electronic Data Interchange (EDI), a prevalent industry standard for inter enterprise communication. Since then there has been no looking back. Companies began deploying huge corporate networks with groups of systems perform cert ain business tasks. The major springboard to E Commerce was provided by the low cost entry of the Internet. Virtually every major company started transforming their businesses to global level through Internet (Gottardi et al, 2004). However today, just a decade after the revolution, E Commerce is plainly considered to be a synonym for high profits. It is an underlying business philosophy assumption of major companies and not some necessary technological breakthrough. Such a ubiquity of E Commerce was mainly due to its potential to lead to dramatic growth in trade and improved efficiency and effectiveness of business practises. As of today, E Commerce consists of several theoretical models, which provide a company with the tools to support the 5 essential elements of conducting business, namely price, promotion, presence, product and place. The important models are: Merchant Model: This model is typically used by traders, resellers, wholesaler and retailers of goods and services. It includes 24x7 ordering and one to one custom marketing (embellix, 2000). Auction Model: This model emulates the traditional 'bidding' model. It implements the bidding mechanisms by presenting goods and their value online. Manufacturer Model: It is used by the manufacturers directly to communicate to the consumers about their goods and services. Affiliate Model: In this model a company becomes an 'affiliate' of another company to advertise itself or its products and needs to pay certain amount for using it.
Sunday, October 27, 2019
Effect of the Weather on Agriculture
Effect of the Weather on Agriculture Executive Summary Agricultural activities are often affected by the weather. Weather is unpredictable as it changes from time to time. As the agricultural activities affected, the crops or the outcome of the agricultural activities would be affected as well and this caused the income of the farmers to be affected or causing the investors to lose money. Therefore, weather derivative is needed to protect the farmers and investors. So, this research is all about modelling and pricing of weather derivatives where the weather is based on the daily average temperature in Malaysia. In this research, there are two main objectives which include the modelling of temperature and pricing of weather derivatives. To complete this research project, there are 10 stages to be gone through. The details about the stages would be discussed in the methodology of this research. The model used to model the movement of daily average temperature in this research would be the stochastic fractional Brownian motion. This model is chosen because based on the past researches, this model fits the data well and successfully modelled the dynamics of daily average temperature. From this research, the daily temperature is expected to be modelled and described by the stated model well. Besides that, the pricing of weather derivatives will be encountered as well. Through this research, it provides a lot of advantages. For example, it provides a better idea in the process of modelling the temperature and the pricing method of weather derivatives. The outcome from this research can be used as a reference for future researchers that do research in this field. Details of Research Project (a) Research Background 1. Problem statement Agricultural activities are one of the main activities carried out by people around the world. It is one of the main sources of income for some of the countries like Africa, India and China. Even in this modern technological era, many of the agricultural activities still depending on the weather. Weather is the daily conditions of a particular place. For example, humidity, precipitation, the daily average temperature and visibility are all under the weather. Since weather is a thing thats beyond human control and agricultural activities are highly depending on weather, therefore, agricultural businesses are often referred to as a high risk business. In recent years, the weather insurance and weather derivatives are becoming more renowned as it reduces or hedge the risks faced by all farmers and investors that caused by weather. Jewson (2005) presented a few reasons why is the weather derivatives important and in Jewson (2005) and Cao and Wei (2004), a few weather hedging techniques were shown. The traditional agricultural insurance is the crop insurance. There are a lot of disadvantages of the traditional crop insurance. Some of the disadvantages include inefficiency due to poor contract structured, lack of information and high transaction costs involved. This caused those farmers could not afford for the insurance and hence the weather derivatives are highly needed as weather derivatives normally had a lower price than the weather insurance. Thus, weather derivatives play a very important role in helping the farmers and investors. The first weather related derivative deal was done by Aquila Energy in 1997 for Consolidated Ediso n Company, where a dual-commodity hedge was structured. Since the agricultural derivatives are getting more important, more financial researchers are doing their research on the pricing of weather based derivatives. Norton (2010) stated that the weather derivative is a way to share the risk for farmers in developing countries. Malaysia is lucky enough to be located in the equatorial region. Hence, the weather in Malaysia is hot and humid throughout the year. Therefore, in Malaysia, the crops are only affected by the daily average temperature and the amount of rainfall. Of course, there are catastrophes that happen in Malaysia too, like flash flooding, acid rain or drought. These catastrophes in Malaysia caused the damage to all the crops. But, the main problem that could affect the crops in Malaysia would be the amount of rainfall, the daily temperature or humidity. Hence, in Malaysia, to structure a weather derivative, it is easier as compared to other four season countries because the weather factors that taken into account are lesser. Moreover, there are lack of people doing research in this field, thus, this research is quite important as to solve the agricultural problems. 2. Research questions One of the problems faced by researchers in doing research about the pricing of weather derivatives is often the pricing model or the pricing technique that is used. Besides pricing technique, the model that used to describe the dynamic or the movement of the weather factors like amount of rainfall or daily average temperature in the research of weather derivatives is one of the problems faced by researchers as well. Hence, in this research, the focus would be on the modelling of the daily average temperature in Malaysia and the pricing of the weather derivatives. So, the questions to be answered in this research will be how well the model is, in describing the movement of daily average temperature and how to price the weather derivatives. 3. Literature review There are actually a lot of researchers had done their research about the weather insurance or derivatives. Some of the models used by past researchers include temperature modelling, Black-Scholes model, Time Series models, Brownian model, Ornstein-Uhlenbeck model, Esscher transformation and more. Taib and Benth (2012) had done a research on the pricing of the weather insurance by using three different approaches which include burn analysis approach, index modelling and temperature modelling. The weather index is first calculated and then the price of the insurance contract is calculated based on the weather index. The weather index, which is based on the Cooling-Degree Day (CDD) is calculated by using the formulae of After calculating the , the price of the insurance contract can then be now determined by using the formulae P(t, ) = exp(âËâr( âËâ t))E[)|Ft ] where the expected value of the claim size is found. The exp(âËâr( âËâ t) is used to find the present value by discounting at time as Indicates the end of the period where insurance starts paying. The formulae of P(t, ) is a standard method to price the weather related insurance or derivatives. For burning analysis approach, it is firstly introduced by Jewson and Brix (2005) as a classic method in pricing weather derivatives. The payoff of the burning analysis approach is based on the empirical distribution of the sample data collected. While the mean value of observations of the sample data is used to calculate the price of the contract. The next method introduced by Jewson and Brix (2005) is the index modelling approach, and Taib and Benth(2012) modify a little bit of the model where the past claims are fitted into a distribution and the expected value of the distribution is used in pricing the contracts. Lastly, Taib and Benth (2012) proposed a new model where the changes of the daily average temperature are modelled using the autoregressive, a time series model. Besides Taib and Benth (2012), Campbell and Diebold (2003) also uses time series model to model and forecast the daily average temperature in certain cities of America for the purpose of weather derivatives. While Chang, Lin Shen (2009) constructed a theoretical model to price the weather derivatives and this is the extended version of the model of Cao and Wei (2004). In the research paper of Chang, Lin Shen (2009), the estimation value of future Heating-Degree Day(HDD) and Cooling-Degree Day (CDD) is predicted by using Mote-Carlo simulation and they successfully utilize the time series temperature model in Campbell and Diabold (2003). Mills (2009) also uses time series model to model the current temperature trend of Central England. In the research of Mills (2009), it is suggested that three other alternative ways could be used to model the temperature trend, which is the parametric stochastic trend model, the non-parametric local trend fit, and a low-pass filter. These 3 alternat ive techniques had been discussed in Mills (2003) and Pollock (2007). Other than time series models, other models were used by other researchers in pricing of weather derivatives. For example, Lee and Oren (2009) suggested a model of equilibrium pricing of the weather derivatives for various commodities. This model is built where the risk averse utility function is optimized by the agents, including the weather derivatives that have been issued. There are two types of agent. The first type is the farmers where they obtain the profit with the exposure to weather risks while the second type of agent is those financial investors where they hope to diversify the financial portfolio. Therefore, later in 2010 and 2011, Lee and Oren with Hà ¤rdle and Osipenko simulate the realistic market conditions to get the equilibrium price for weather derivatives. This equilibrium pricing method of Lee and Oren is actually based on the research of Cao and Wei (1999) where Cao and Wei generalize the model of Lucas (1978) and include the daily temperature as a fundamental variable. Since Black-Scholes Model is a popular method to price the European options, BotoÃâ¦Ã
¸ and CiumaÃâ¦Ã
¸ (2012) uses the Black-Scholes model to apply in weather derivatives. The aim of their research is to see how the Black-Scholes model can be applied in weather type derivative and to analyze whether it is a suitable model to price for weather derivatives. However, based on their findings of the research, they concluded that the Black-Scholes model is not a suitable model to price for the weather derivatives as the weather market developed very quickly and it is inconsistent. Due to the inconsistencies, the model is not preferable to be used for pricing of weather derivatives contract unless it is a part of the portfolio. Benth and Ã
altytÃâ-à ¢Ã¢â ¬Ã Benth (2005) uses a stochastic model to model the variations of temperature in their research paper. They used the Ornstein-Uhlenbeck with the driven by Levy process and having seasonal mean and volatility. They find that this model is quite a success to fit the Norwegian temperature data. Besides that, Svec and Stevenson (2006) also use a stochastic model to model and forecast the temperature. Svec and Stevenson (2006) uses Fourier transformation and stochastic Brownian motion (SBM).They proposed a more generalized stochastic Brownian motion to model the temperature, that is, the stochastic fractional Brownian motion (FBM). The model proposed take account the low-frequency variability of weather where the SBM does not. The difference of the SBM and FBM is that the FBM included a continuous-time Gaussian process depending on the Hurst parameter. This research paper concluded that the Monte-Carlo simulation overly forecast while the autoregressive moving average (ARMA) time-series model under forecast the monthly accumulated Heating-degree Day (HDD) and Cooling-degree Day (CDD). They also concluded that the models they use in the research have better estimates than that of the Campbell and Diebold (2003) model. (b) Objective of Research There are two main objectives in this research, that is:- (i) To model the daily temperature based on the analysis of daily average temperature in Malaysia by using stochastic fractional Brownian Motion. (ii) Pricing of the weather derivative. (c) Methodology 1. Flow Chart of Research Activities 2. Gantt Chart of Research Activities 3. Milestones and Dates The flow chart, Gantt chart and milestones and date clearly show that the research activities of this research project. To complete this research project, there are 10 stages. The first stage is looking for a research supervisor so that this research is under supervision. Then, setting up of research title will be the next stage. After setting up the research title, studying and reading related journals needed as to get a rough idea of what is the research needed to be done and what actually the research is all about. The fourth stage will be fixing the model to be used in the research. After reading and studying of relevant journals, the model to be used could be determined. In this research, the model to be used in modelling the daily average temperature is the FBM. The FBM that will be used is as follows: This model was chosen because out of a few models studied in the past research papers, it is one of the best model that fits the movement of temperature. In this FBM, it consists of several components. That is, the mean reversion process, the Ornstein-Uhlenbeck process and the fractional Brownian process which is a continuous-time Gaussian process. Besides that, the model used also included some seasonal and trend factors. With the combination of this few process and factors, it makes the stochastic FBM more efficient in describing the movement of temperature. As the fixing of the model is done, preparation of research proposal would be the next stage and it is now pending for approval by supervisor. After the proposal of research is done and it is approved, collection of data begun and then analysis works will be started. Analyses of data enable the temperature to be modelled by the model fixed in the earlier stage. In this research, the model to be used is the Stochastic Brownian Motion. Hence, the eighth stage is the modelling of daily average temperature using Stochastic Brownian Motion. After the modelling, pricing of weather derivatives can be start doing and finally, after the pricing is done, the research project is finished up and completed. (d) Expected results 1. New Knowledge Throughout this research, there are actually a lot of new knowledge could be obtained. As this research is all about modelling of temperature and pricing of weather derivatives hence, by doing this research, it provides a better idea on which model is better in fitting or describing the movements of daily temperature as a lot of other models are studied. Besides that, the steps to model the movements of daily temperatures also a new knowledge. It improves the knowledge about stochastic. Since this research is using stochastic fractional Brownian Motion to model the changes of daily temperature, through this research, the suitability of the stochastic model to describe the changes of daily temperature will be reviewed. Besides that, through this research, the application and the usage of the stochastic fractional Brownian Motion is known. Moreover, it will provide a better understanding of the method to calculate the price of the weather derivatives. 2. Research publications This research will be published as a thesis in semester II of 2014/2015. 3. Impact on Society, Economy and Nation Since in Malaysia, it is lack of researchers doing the research about the pricing weather derivatives, so, this research of modelling and pricing of weather derivatives gives some small impact on the economy. One of the impact is that it improves a little bit of the economic conditions of the agricultural field. As mentioned previously in this research, agricultural activities are affected a lot by the weather and agriculture activities are one of the largest activities in Malaysia. Hence, by doing this research, the forecasting of temperature can be done based on the modelling of temperature. With the forecasting of temperature, it can help the farmers to be aware of their crops and come out with a better strategy to handle and prepare for the worst. Of course, the forecast results might not be accurate, but, with the guides provided from the modelling and forecasting, it helps to reduce the risk of losing the money, be it the farmers or the investors. This helps to prevent the farm ers from stop doing agriculture activities. So, by doing this research, it indirectly affected a little bit on the economic condition of the agricultural field. References Benth, F., Ã
altytÃâ-à ¢Ã¢â ¬Ã Benth, J. (2005). Stochastic Modelling of Temperature Variations with a View Towards Weather Derivatives. Applied Mathematical Finance, 53-85. BotoÃâ¦Ã
¸, H., CiumaÃâ¦Ã
¸, C. (2012). The use of the Black-Scholes Model in the Field of Weather Derivatives.Procedia Economics and Finance,611-616. Cao, M. and Wei, J. (1999). Pricing weather derivative: an equilibrium approach. Working paper. Cao, M., Li, A. and Wei, J., (2004). Precipitation modeling and contract valuation: a frontier in weather derivatives. The Journal of Alternative Investments 7: 93- 99. Campbell, S.D. and Diebold, F.X., (2003). Weather forecasting for weather derivatives. Journal of the American Statistical Association, 100: 6-16. Chang, C., Lin, J., Shen, W. (2009). Pricing Weather Derivatives using a Predicting Power Time Series Process*.Asia-Pacific Journal of Financial Studies,863- 890. HÃ ¤rdle, W. K. and Osipenko, M. (2011). Pricing Chinese Rain: A Multisite Multi-period Equilibrium Pricing Model for Rainfall Derivatives. SFB 649 Discussion Paper 2011-055. Jewson, S. and Brix, A. 2005. Weather Derivative Valuation: The Meteorological, Statistical, Financial and Mathematical Foundations. Cambridge University Press. Lee, Y. and Oren, S., (2009). An equilibrium pricing model for weather derivatives in a multi-commodity setting. Energy Economics, 31 (5): 702-713. Lee, Y. and Oren, S., (2010). A multi-period equilibrium pricing model of weather derivatives. Energy Systems 1: 3-30. Lucas, R. E. (1978). Asset prices in an exchange economy, Econometrica 46, pp. 1429-1445. Mills, T. C. (2003). Modelling Trends and Cycles in Economic Time Series. Palgrave Macmillan. Mills, T. C. (2009). Modelling Current Temperature Trends. Journal of Data Science 7, 89-97. Norton, M., Osgood, D., Turvey, C. (2010). Weather Index Insurance and the Pricing of Spatial Basis Risk. Retrieved from: http://ageconsearch.umn.edu /bitstream/61734/2/Norton%20Osgood%20Turvey.Weather%20Index%20Ins urance%20and%20the%20Pricing%20of%20Spatial%20Basis%20Risk%20_ AAEA2010_.pdf Pollock, D. S. G. (2007). Statistical signal extraction and filtering: A partial survey. In Handbook on Computational Econometrics (Forthcoming)2. Elsevier. Svec, J., Stevenson, M. (2006). Modelling and forecasting temperature based weather derivatives.Global Finance Journal,185-204. Taib, C.M.I.C. and Benth, F.E. (2012). Pricing of temperature index insurance. Review of Development Finance 2, pp.22-31.
Friday, October 25, 2019
Alternative Fuel Source :: essays research papers
In one year, America will have exhausted 80% of her petroleum reserves. Will we then go to war with the Arabs for the privilege of driving our cars? Will we strip-mine our land for coal and poison the air we breathe to drive our autos an additional 100 years? Will we raze our forests for our energy needs? I certainly hope our country will never come to those conclusions. However, someone must make a conclusion ââ¬â hopefully toward an alternate fuel source. The fuel source I would propose is biomass fuel derived from hemp. à à à à à Hemp is the worldââ¬â¢s most versatile plant. It actually improves the soil in which it grows, without chemical fertilizers, while choking out weeds by virtue of its fast dense growth. According to the U.S. Department of Agriculture, over a twenty year period one acre planted with hemp produces as much pulp as 4.1 acres of trees. Farming hemp at such a fast rate is the key to providing large enough amounts of raw biomass at costs low enough to enable cellulose (the hydrocarbon provider necessary for fuel production) to recapture lost markets. This versatility has led people to believe it is the only biomass resource capable of making America energy independent. à à à à à There is only one catch: the federal government prohibited the growth of hemp in 1938. There were also theories that the major energy industries of the late 30s collaborated to ensure a petroleum-based energy market. Regardless of laws, let us consider hypotheticals. Farmers would be practically guaranteed profit if they could grow hemp for biomass. It also would not take long for a measly 6% of the American landmass to start cultivating hemp ââ¬â enough to replace our economyââ¬â¢s dependence on fossil fuels.
Thursday, October 24, 2019
Operatiom Process of Kfc Essay
Throughout the industry of fast-food, there were so many organisations which gained power and title for them, such as McDonald, Pizza Hut, Burger King, Pizza Domino, etc. In the list of these successful fast-food organisations, KFC is also one of the best organisation which gained their title and power for more than 80 years. KFC is a chain of fast food restaurants and first established known as Yum! Brands. However, the organisation name has been change since 1952. Until now, KFC ââ¬â Kentucky Fried Chicken is the third largest fast-food organisation in the world. KFC has more than 14,000 outlets and in more than 80 countries around the world, serving about 12 million customers each day. (KFC Franchise Opportunity, 2007) PART 1 II ââ¬â BUILDING BLOCKS: First of all, we need to analyze the general process of KFC. For the customerââ¬â¢s order, customer can have many choices to order food and meal from KFC. They can choose to dine in KFC restaurant which the process was order food, pay for food, eating food and leave. Or customer may order for delivering with fast or normal service, for a familyââ¬â¢s meal or a party. More convenient, if customer is driving car, they can choose whether to park the car then dine in the restaurant or buying food by the fast service of KFC. * KFC general restaurant layout: KFCââ¬â¢s restaurant layout also has helped the organisation. In order to have a good layout, KFCââ¬â¢s purpose was planning and arrangement of all machines, utilities, staff room, kitchen, customer service areas, material storage areas, aisles, restrooms, internal walls, offices, and children area, which aim for the good flow of materials and customer. Moreover, also need to consider about the time, for example, demand for food of customer may high during breakfast, lunch and dinner. Parents may choose the KFC restaurant for running a birthday parties for their children on Saturday or Sunday and some other different event. By understanding the important of time and location, management of KFC can determine what size or how big their outlets should be in order to appropriate on each different circumstance and environment condition. * Value Added: The capacity of KFC restaurant which means how big the restaurant should be and where it should be locate is also important and contribute greatly to their operating management. If their outlets locate in a good place and got many good conditions for them such as skill labor, good supplier, high business climate or populated areas, their operating process will get started easier and more effectively. 4/ WORKFORCE: KFC has a slogan for their employees were that ââ¬Å"makes more friends, earn some cashâ⬠.
Wednesday, October 23, 2019
Innovation, Design, and Creativity Essay
Innovation, design, and creativity are typically interchangeable, but are in fact defined as separate qualities with business implications that can be compared and contrasted. While some companies can survive solely on creativity, a rise in global competition has domestic companies striving to develop more innovative products and services. These new found ideas are then made concrete by implementing a successful design. Creativity is the creation of a new idea or concept. The term is a necessary step towards the innovative process of applying a creative idea. Creativity is an essential building block for innovation (von Stamm, 2003). A person that is naturally creative must have broad vision to meet organizational challenges. These visionaries are a companyââ¬â¢s adventurers and risk takers who see and think further than most. Innovation equals creativity plus successful implementation (von Stamm, 2003). The introduction of a new idea should be implemented within all levels of a c ompany; from upper management executives to mere janitors. In order to have an innovative product or service, it has to be converted from an idea into action; the creativity is delivered or put into effect. Design is the conscious decision-making process by which an idea is transformed into an outcome, be it a tangible product or intangible service (von Stamm, 2003). It is about researching possible outcomes to particular scenarios and selecting the best design thereafter. Any obstacles that conflict with a creative idea will be resolved with design. Teamwork may help since the design implementation may be too complex for one personââ¬â¢s expertise; a person typically does not possess creativity, innovation, and design; which is what is needed for a total quality result. Although Iââ¬â¢m unemployed at the moment, these three concepts were successfully applied in my previous organization. As a former Accounts Payable Clerk, my direct supervisor thought like a designer by thinking about our departmentââ¬â¢s future goals, rather than focusing solely on the present (or current) accounts. This calculated decision making process is defined as design but without having an initial creativity and innovation, the successful design of an organization could not be possible. Reference von Stamm, B. (2003). Managing innovation, design and creativity, 1e. [University of Phoenix Custom Edition e-Text]. : John Wiley & Sons, Ltd. Retrieved from University of Phoenix, OI361 website.
Tuesday, October 22, 2019
lock stock and two smoking bar essays
lock stock and two smoking bar essays Guy Ritchie, the director of Lock Stock And Two Smoking Barrels, routinely uses literary and other codes, but also depends on technical, symbolic and audio codes to convey his themes in the feature film. These issues include family, repaying of debt, and gambling. The codes used also dramatise the situation Technical codes are used abundantly to create impact and to portray the theme of gambling in the scene where the protagonist enters a gambling hall to gamble on major stakes. The technical code was used by angling the camera to heighten the hall, and make it the transgressor, and the protagonist the victim. This effect is created by placing the camera at ground level, and at a distance of about thirty metres. This transforms the larger objects into monstrous objects, and the smaller objects into skinny scared objects. This dramatises the situation, and as the situation is gambling, depicts the theme of gambling to be wicked. The technical code is also employed by Ritchie to emphasise the theme of repaying dept. In the scene where two characters confront each other, where one is weedy, thin, and small, and the other is large, strong, and overweight, there is a conflict of debt. The stronger character owes the weaker character money. Despite the difference in their physique, t he weedier character is made to look aggressive, and massively masculine, and the stronger character is made to look passive, and scared. This is accomplished by Ritchie as he angles his camera from either the ground, or the ceiling; the ground to create a meaner picture, and the roof to make a more passive picture which shows the importance of paying of debt. The third instance where the technical code is utilised is in a scene where two characters are walking down a street talking. One is a father of the age of approximately 30 years, and the other is his son, who is about 10 years old. A sense of family pride is apparent, ...
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