Policy frame work Essay Example | Topics and Well Written Essays - 2250 words

Policy frame work - Essay Example This law only permitted marriage between two adults of different sex. (Cbc News, 2007)Argues that in 1965, a young man of 24 years confessed to the police that he had a strong urge for other men and that he had had sexual relationships with other men with fellow men long enough and he wasn’t willing to change .he was viewed as a law offender and was jailed for several years in Canada. In 1967, Pierre Trudeau proposed change on the general outlook of homosexuality in Canada. He wanted homosexuals to be seen as normal people and regarded the idea of the state meddling in the bedrooms of its citizens unnecessary. In December 16th 1977, Quebec was the first province in Canada to include homosexuality in its code of human rights. By 2001, almost all provinces of Canada except Alberta, island of Prince Edward and territories on the North West abolished criminal charges on homosexuality. In 1978, a press by the name of Pink Triangle was charged after being found guilty of possessing erotic material â€Å"men loving boys and boys loving men† for sale. It took them at least six years to solve this case at the courts and on 15th June 1982, a judge named Thomas Mercer gave a ruling that changed the view of homosexuality. "It is perfectly legal to advocate what in itself would be unacceptable to most Canadians." (Cbc News, 2007)The judge argued. In 1979, sexual orientation was added to the human rights act of Canada which was spearheaded by Canadian human rights commission. In Feb. 1981, at least 300 men were arrested in a crackdown by the police in Toronto and there was a mass action taken by about3000 people on the streets of Toronto to protest against the arrest.1985 saw the parliamentary committee release a report that stressed equality for all especially to the discriminated homosexuals. Homosexuals were treated with much despise, subjected to physical abuse, psychological oppression, and hate

International financial markets Essay Example | Topics and Well Written Essays - 2000 words - 2

International financial markets - Essay Example Bonds and stocks are types of securities, and they are each related to a different set of circumstances that govern the relationship between investor and investee. Financing through stocks and bonds is a delicate matter for a company because it impacts on the firm’s rate of return as well as financial risk. Financing through equity usually has a higher cost of capital, because equity holders are entitled to a pro-rata share of the profits. Theoretically, therefore, stockholders’ expected returns have no limit. However, since the stockholders are not entitled to any returns if the company incurs losses, then there is no default risk associated with equity. On the other hand, debt capital entails a cost of interest to the borrower-firm. Interest rates associated with long-term debt are lower than the cost of equity to the firm, because debt is contracted at a fixed rate and is therefore limited to that rate, even though the firm earns much higher rates of income. There is a risk, however, associated with the possibility of default. Even if the firm incurs losses, its obligation to pay interest on its debt is fixed, therefore its in ability to meet with interest payments may incur for it costly penalties. The nature of the firm’s business affects the firm’s ideal capital structure – that is, the proportion of the needed capital it may finance through debt and through equity. The following are examples of industries and their average debt and equity ratios. It may be noted that companies in the same business do not necessarily have the same capital structures. For instance, in the consumer non-cyclical industry, Starbucks is financed entirely by equity, while Kellog relies slightly more on debt financing rather than equity. Raising money from the bonds market. Large corporations could raise money through the bonds market. The process involves the underwriting of the bonds float by either one or several