Financial Risk Management Assignment Example | Topics and Well Written Essays - 1500 words

Financial Risk Management - Assignment Example 141). In this paper, Deutsche Bank, AG will be the organization that will be analyzed for its risk management and risk types it confronts. The types of risks that Deutsche Bank faces include: Credit risk: Credit risks come up from all dealings where concrete, conditional or possible claims in opposition to any counterparty, debtor or obligor. Deutsche Bank jointly refers to these parties as counterparties, as well as those claims that the bank plans to allocate (Deutsche Bank, 2011, p. 13). The dealings done on this risk are normally part of our conventional non-traded loaning operations like advances and provisional liabilities, or the direct exchange activity with clients like OTC byproducts, FX advances and forward rate agreements. Market risk: Market risk can be described as the likelihood for adjustment in the market worth of the bank’s exchange and investing positions Deutsche Bank, 2011, p. 14). Risk could come up from contrary alterations in interest rates, credit spre ads, foreign exchange tolls, equity costs, prices of goods and other pertinent parameters like market instability and market indirect default possibilities. The bank distinguishes amid three considerably dissimilar sorts of market risks. Operational risk: Operational risk is the likelihood for failure, as well as authorized risk, with regard to workers, predetermined conditions and records, expertise, substructure failure and crises, powers from outside the bank and client relationships. Operational risks do not include business and reputational risk Deutsche Bank, 2011, p. 13). Liquidity risk: Liquidity risk is the risk coming from Deutsche Bank’s potential incapacity to meet every responsibility when they arise because of simply being able to meet these duties at excessive expenses Deutsche Bank, 2011, p. 14). Business risk: Business risk describes the risk that Deutsche Bank presumes because of potential adjustments in overall business necessities the bank’s market environment, clientele actions and technological development. This could have an impact on the results of the bank is they do not change rapidly to these adjusting circumstances. Additionally, Deutsche Bank also encounters some other sorts of risks under the business risk category. They include reputational risk, insurance-specific and concentration risk. These risks are considerable linked to one or more of the stated risk sorts Deutsche Bank, 2011, p. 13). Reputational risks: With Deutsche Bank’s risk management procedures, the bank is able to describe reputational risk that advertising regarding dealing, counterparty or business parties engaging a customer will destructively affect the community’s faith in Deutsche Bank. A number of strategies and guidelines create the outline of the bank’s reputational risk management. The main accountability for the recognition, escalation and solution of reputational risk problems are inherent with the trading sector Deuts che Bank, 2011, p. 15). The risk management departments help and recommend the business sectors in determining that reputational risk issues are properly recognized, intensified and handled. Insurance-specific risk: Deutsche Bank’s disclosure to insurance risk is associated with Abbey Life Assurance Company Limited and the described advantage pension obligations of Deutsche Bank Group. The risk management of Deutsche Bank considers insurance-associated threats

Theodore Roosevelt and Woodrow Wilson Essay Example | Topics and Well Written Essays - 750 words

Theodore Roosevelt and Woodrow Wilson - Essay Example der with a discussion of primary sources and the means by which these primary sources represented the principles and actions of each of these former presidents. Firstly, with respect to an analysis of the primary documentation concerning Theodore Roosevelt, it is clear and apparent that even though this president believed in the American ideals of individual labor and capitalism, he was fundamentally opposed to the power that the â€Å"trusts† had created throughout the economy of America. Ultimately, Roosevelt and his fellow Progressives understood these trusts to be responsible for a reduction in the freedom and personal consumer choice that individual citizens were able to effect within the economy (The New Nationalism 1910). As such, Roosevelt came to be known as the â€Å"trust buster†; a term lovingly bestowed upon him by a press and a citizenry that was all to happy to see the power of these mega corporations shattered as they were split into smaller parts and/or forced to abide by new governmental standards of production/quality in the products they produced. The monopolizing power of these â€Å"trusts† was som ething the Bull Moose party was fundamentally opposed to and something that Theodore Roosevelt sought to reduce during the tenure of both of his terms as president. In terms of foreign policy, it was clear from an analysis of the primary documentation that Roosevelt was an internationalist; insomuch as he viewed the role of the United States as that of a world power that had a direct culpability to mediate foreign disturbances/disputes. As former Secretary of the Navy, this placed Theodore Roosevelt in a firm position to understand the dynamics and importance of a global sea power and the means by which the United States could continue to exhibit future strength by engaging with this determinant (The New Nationalism 1910). By means of contrast and comparison, Wilson was more eloquent, polished, and came across as more educated. Further, Wilson

Demand And Supply In The Cigarette Industry Economics Essay

Demand And Supply In The Cigarette Industry Economics Essay The following essay helps us know what demand and supply concept and that we are explaining with the example of cigarette industry. And we have also mentioned the factors affecting the demand and supply for cigarettes in the market. The essay also includes the income effect, impact of close substitutes and compliments, and also the price and income elasticity of the product of the industry. A cigarette is a product consumed through smoking and manufactured out of cured and finely cut tobacco leaves and reconstituted tobacco, often combined with other additives,[1] then rolled or stuffed into a paper-wrapped cylinder (generally equal to 100  mm in length and 10  mm in diameter). Rates of cigarette vary widely. While rates of smoking have leveled off or declined in the developed nations, they continue to rise in developing nations. Fixing the price of a product is a very important factor for an organisation and the product success. Organizations look at the effective demand (demand) and effective supply (supply) of a product to set the best price to generate the maximum revenue for the organisation. If the price of the product increases or decrease then it can affect the demand of the product. As the price of a good rises less will be demanded, and if the price falls more will be demanded (Philp Galt, 2009, Lecture Notes, p: 2). The increase or decrease in price can happen due to the either external or internal or both environments of the organisation. Demand of a product or service can be defined as the amount of a particular economic good or service that a consumer or group of consumers will want to purchase at a given price over a specific period of time. The demand is usually downward sloping, since consumers will want to buy more as the price decreases. Demand for a good or service is determined by different factors other than price, such as the price of substitute goods and complementary goods. In extreme cases, demand may be completely unrelated to price, or nearly infinite at a given price (in the case of the tobacco industry) (Beardshaw, 1991). According to Philp, Dan and Galt (2009) it could be deduced that demand relative to the tobacco industry is caused by a number of aspects in which the key driver is the price of the cigarettes. As a result, for a cigarette (t) the quantity demanded (QtD) represents a function of its price (pt), individual customer (n) income levels (Y1à ¢Ã¢â€š ¬Ã‚ ¦ Yn), other forms of substitutes like electronic cigarettes and herbal cigarettes (r1à ¢Ã¢â€š ¬Ã‚ ¦rt-1) and other external factors (E) such as labour, raw material. Then, demand within the tobacco industry can be represented as QtD = f (pt, Y1à ¢Ã¢â€š ¬Ã‚ ¦ Yn, r1à ¢Ã¢â€š ¬Ã‚ ¦rt-1, E) Being consistent with this, influential demand in economics (tobacco industry) would be hard to figure the quantity demanded due to the number of determinants required to make-up the cigarette packets price and quantity, therefore, it is assumed that all factors are held constant and the market (quantity demanded) is analysed as a function of packet price. So the quantity demanded QtD = f (pt, Y1à ¢Ã¢â€š ¬Ã‚ ¦ Yn, r1à ¢Ã¢â€š ¬Ã‚ ¦rt-1, E) Graphically illustrated will be Following the above figure, managers would be able to depict that the higher the price of the cigarette packets in the industry, the lower the demand for it. Consequently prices will have to move from p0 to p1 in order to increase demand from q0 to q1. Consider two extreme cases. Suppose the price of all cigarettes rises by 1 per cent. The quantity of cigarettes demanded will not affect that much. People who can easily quit smoking have already done so. In contrast, suppose the price of a particular brand of cigarettes rises by 1 per cent, all other brand prices remaining unchanged. We expect a much larger quantity response. Consumers switch from the dearer brand to other brands that also satisfy the nicotine habit. For a particular cigarette brand the demand elasticity is quite high. From the above figure it can be noted that the same $1 tax has a much larger impact on quantity when demand is more elastic than when it is inelastic. Elasticity is the responsiveness of one variable (e.g. demand) to a change in another (e.g. price). This concept is fundamental to understanding how market works. The more elastic variable is, the more responsive the market to changing circumstances (Sloman, 2005). The law of demand states that a fall in the price of a good raises the quantity demanded. The price elasticity of demand measures how much the quantity demanded responds to a change in price. (Mankiw, 1998) Cigarette consumption is totally found to be negatively related to price. As far the result of the test, surveys and the studies done before, there result says that increase in price on cigarettes are not that much affected on the demand of it. Many economists viewed that cigarette smoking is illogical and therefore not suitable for usual economic analysis. They believe that demand for cigarettes does not follow the basic law of economics including the downward-sloping demand curve. Findings on how demand for cigarettes changes as consumers income increases is inconsistent. From a number of studies it found that income has either negative effect or insignificant effect on the demand of cigarettes. As far as the government and other health concern trust are trying to stop smoking in public place and in the private work sites because it is very harmful for other who is non smoker and it is not environmental friendly (Bradford, 2003, Vol 9). Government at all levels are adopting the policies to limit smoking. Government also banned that it the customer should be above a legal age to buy the cigarettes. World health organisation survey of smoking control policies in lot of countries indicated that the mostly all the countries have adopted policies to limit smoking in public places. Although the restrictions are primarily intended to reduce non-smokers, they can also affect the smokers since the restrictions reduce the smokers opportunities to smoke or otherwise raise the cost of smoking (Reuijl Leeflang, 1985, Vol 49). Cigarettes was the one of the most advertised and promoted product in the world. But due to some controversial issues many countries restrict it. While some other countries have few restrictions, others ban advertising and promotion completely. Due to the restriction on the advertising and the promotion the demand of the cigarette industry was affected. A lot of new opportunities of the new organization to enter are hard. And the new customers or consumers are decreased. And due to this there is less increase in the quantity of the young generation. Cigarettes are been long been taxed by the government and due to this there is rise in the price in some countries. Taxes are varying from country to country and the price also. The inelastic demand off the product makes good revenue for the government. But in recent taxation has been applied to cigarettes are in order to health. Cigarette taxes in some countries such as the United States have been imposed by various levels of government, national, state and local level. Governments in nearly every country impose taxes on cigarettes and other tobacco products. One of the major factors that affect the demand for any product is due to the substitutes. The more substitutes, the more elastic the demand will be. For example, if the price of petrol went up by  £0.25, consumers could replace public transport. This means that petrol is an elastic good because a raise in price will cause a large decrease in demand as consumers start travelling by the public transport more from private transport. The rise of the fuel price can affect the automobile industry. This factor is also known as the invisible hand (Adam Smith Cited in Mishan, 1993, p 91) which is affected from the variation of the other product or substitutes which affects the main product demand in the market. For the tobacco industry the invisible hand factor is not that much affected but the competition in the market within the industry is high. If the price of alcohol goes up as a whole, there will be probably a little change in the consumption of beer and other products because there are only few substitutes for alcohol. Most people are not willing to give up their enjoyment at any cost and even the alcohol is used in several medicines also so no matter what the price is the consumption of alcohol will be not affected by the substitutes. Therefore, we would say, that alcohol is an inelastic product because of its lack of substitutes. So we can say that a product is elastic in the industry but the complete industry tends to be inelastic. This is the second factor that effects the demand elasticity and it refers the total amount of a person that can be spend on a particular product or good. Like, if the price of a chocolate goes up from  £1 to  £2 and income of the customer remains the same, the amount that is available to spend on chocolate is for e.g.  £4, is now enough for only 2 rather than 4 chocolates. In other words, the customer is forced to reduce the demand of chocolate. Thus if there is an increase in price and no change in the amount of income available to spend on the product then there will be an elastic reaction in demand. But in cigarette industry it is not that much affected because of the addiction of the consumer. Time is the third factor which influences the demand elasticity. If the price of packet of cigarette goes up  £1, a smoker with a very  few available substitutes will continue buying the daily cigarettes. It means that cigarettes have inelastic demand because the changes in price will not have a great influence on the quantity demanded.   But if the customer or consumer finds that they are not capable or cannot afford to spend the increased amount then they will definitely try to quit it but in a long run. Then for that customer price elasticity of cigarettes becomes elastic in the long run. If quantity demanded is completely unaffected by a price change, then If the absolute value of the elasticity of demand is less than 1 at some point, we say that demand is inelastic at that point (Varian, 2006, P 282). You would say that demand is perfectly inelastic at that price, to reflect the fact that quantity demanded is completely unresponsive to a change in price. On a graph with price on the y-axis, perfectly inelastic demand appears as a vertical demand curve. Its slope is negative infinity, which leads to Ed = 0. Looking at the graph above, we can see that a 5 percent increase in price causes no change in quantity demanded. Therefore, Ed = 0 and demand is perfectly inelastic for the tobacco industry. Hence, manager of a cigarette company within the industry should not worry about the taxation from the government or increase in price due to the external environment due to the inelastic demand for the tobacco industry. (Source by Begg Ward, 2007) The variation in consumer demand for cigarettes with respect to income is ambiguous from a theoretical stand point. Cigarettes consumption could be a normal good for which the level of consumers demand increases with income. Alternatively, it could also be a lower good for which the consumer demand drops with income levels. In either case, the presence of such behavior gives us no guidance whatsoever with respect to the extent to which these decisions are rational. Similarly the other major factor which can be affected by the price of the cigarettes is supply. Supply for a product or a service can be defined as the quantity of a good, seller wishes to sell at each possible price. Supply of a good refers to various quantities of good which a seller is willing and able to sell at different prices in a given market, at a particular point of time, other things remaining the same. An aspect of supply which needs attention is that supply is related to scarcity. It is only the scarce good which has a supply price. On the contrary, goods which are available freely have no supply price, e.g. Air is available freely and hence, does not have a supply price (Begg et al, 2005). According to Philp, Dan and Galt (2009) supply relative to the tobacco industry is reflective of the number of competitors (m) setting the price of providing cigarettes packets as a function of the level of technology (T) determines the price (pt), cost of resources, for example, labour, taxations, substitutes, and quality within the manufacture process (F1, F2 à ¢Ã¢â€š ¬Ã‚ ¦Fm) and other charge (w) i.e. cost of machines and salaries of work force, all add up to become determinants of the number of cigarettes packets to be supplied at each given price. It is represented as QtS = T (pt, F1, F2 à ¢Ã¢â€š ¬Ã‚ ¦Fm, w) Identical to economics in demand, in the analysis of supply all factors are held constant and quantity is seen as a function of price; QtS = T (pt, F1, F2 à ¢Ã¢â€š ¬Ã‚ ¦Fm, w) Graphically illustrated as; From the above figure managers can know that a investing in manufacturing the product needs a certain level of supply to overcome from they break even point, therefore higher the investment in price the more the supply. Hence cigarette manufacturing companies offer different brands for the taste e.g. long cigarettes, strong and light cigarettes. Consequently, the managers will push for a higher supply in p1 to maximize profit. If there is plenty of spare capacity of Cigarettes then a business should be able to increase its output without a rise in costs and therefore supply will be elastic in response to a change in demand. Supply Elasticity is a measure of the degree of responsiveness of quantity supplied to changes in the products own price. Elasticity of supply works similarly. If a change in price results in a big change in the amount supplied, the supply curve appears flatter and is considered elastic. Elasticity in this case would be greater than or equal to one (Lipsey Chrystal, 2004) On the other hand, if a big change in price only results in a minor change in the quantity supplied, the supply curve is steeper and its elasticity would be less than one. As we have seen that demand of cigarette is inelastic we can observe from the graph that supply of cigarette is also inelastic i.e. even a big change in price does not have major change in quantity supplied. It means that when a price increases consumers will not demand for more quantity thats why supply will also remain the same. After knowing that the demand and supply for the tobacco industry is inelastic but the competition within the industry is high. The higher price than the competitors can result less demand for the product, the lower price can increase the demand for the product. It influences managerial decision to look for the new markets where they can reduce their operational and manufacturing cost like cheap labour, as well as look for the new market so that the organisation can generate maximum revenue. This content can be found on the following page: http://www.investorwords.com/1396/demand.html Conclusion This essay completely shows us that how the demand and supply take effects into the market and how principles of demand and supply inform the managerial decision making. From this essay we come to know that the cigarette industry is not that much affected from the higher price that much and its demand in the market is almost remain same. From this essay we come to know that both the supply elasticity and demand elasticity for cigarette industry are inelastic, they are not affected by the price. From the essay we come to know that income effect is significant and positive in case of cigarette industry. Refrences Beardshaw, J, 1991, 2nd Edition, Economics, London, Pitman Publishing. Begg, David, Fisher, Stanley, Dornbusch, Rudiger, 2005, Economics, 8th Edition, Berkshire, McGraw Hill Education. Begg, David, Ward Damian, 2007, Economics for Business, 2nd Edition, Berkshire, McGraw Hill Education. Data Monitors, 2005, UK Cigarettes, Business Source Premier. Lipsey, Chrystal, 2004, 10th Edition, Economics, Ney Work, Oxford University Press. Philp, B., Wheatley, D., Galt, V. (2009). Business Economics, Unpublished Course Notes, Nottingham Trent University, pp. 9-15. Philp, B., Galt, V., 2009, Business Economics, Unpublished Course Notes, Nottingham, Nottingham Trent University p 2. Mankiw, G., N., 1998, Principles of Economics, Orlando, The Dryden Press. Mishan, E., J., 1993, The Costs of Economic Growth, Revised Edition, London, Weidenfeld Nicolson, p 91. Sloman, J., 2005, The Economic Environment Of Business, Harlow Essex, Pearson Education Limited. Varian, H., R. 2006, Intermediate Micro Economics, 7th Edition, Ney York, Norton Company, p 282. Bradford, W.,D., 2003, The American Economic Review, Pregnancy And The Demand For Cigarettes. www.chowrangi.com/e-cigarette-quit-smoking-while-smoking.html Leefhang, P.,S.,H., Reuijl, J.,C., 1985, Journal of Marketing, Journal of Marketing, Volume 49, Advertising and Industry Sales: An Empirical Study of the West German Cigarette Market.

lab on solutions :: essays research papers

I Introduction A. Purpose: The purpose of this experiment was to determine if the temperature of water effects the rate at which salt dissolves. B. Hypothesis: If the temperature of the water increases then the rate at which the salt dissolves will increase.   Ã‚  Ã‚  Ã‚  Ã‚  C. Science Concepts: Solution- one substance dissolved in another   Ã‚  Ã‚  Ã‚  Ã‚  Solute- the substance that gets dissolved   Ã‚  Ã‚  Ã‚  Ã‚  Solvent- the substance that the solute gets dissolved in Characteristic property- a property that is unique to a substance, does not change depending on the amount of a substance, and can identify the substance Physical change- when a substance changes physically but is not chemically effected Solubility- the amount of a substance that can be dissolved in a given amount solvent at a given temperature In the experiment the solubility of salt was tested in different temperatures of water. The solute was the salt and the solvent was the water. The salt dissolved in the water to form a solution. When the salt dissolved a physical change took place. Solubility along with melting point, freezing point, and density is a characteristic property. II Procedure 1. massing cups and a triple beam balance were used to measure 0.5 grams of salt 2. 100 ml of cold water was measured and poured into a beaker using a graduated cylinder 3. the temperature of the water was measured and recorded on a data table 4. the salt was poured into the water and the stop watch was started 5. the water was stirred as the salt crystals dissolved 6. the number of seconds it took for the salt to dissolve was measured and recorded on a data table 7. the experiment was repeated using room temperature and warm water  Ã‚  Ã‚  Ã‚  Ã‚   8. each group did one trial III Results/Conclusions A. Experimental Data: The results of the experiment indicate that the warmer the solvent was the faster the solute dissolved. When the water was 9 °C it took 51.66 seconds to dissolve. When the water was 57 °C it took only 13.15 seconds to dissolve.   Ã‚  Ã‚  Ã‚  Ã‚  B. Graphs and Tables: see attached C. Evaluate Prediction/Hypothesis: The results of the experiment support the hypothesis. The hypothesis stated that the slat would dissolve faster if the water was heated. The salt in the warmer water dissolved about four times faster than the salt in the cold water. IV Extension and Summery A. Extension: Some causes of experimental error may have been how fast the stirrer was stirring. This could have been fixed by having the same person stirring each time.

Calls up until the arrival of Inspector Goole? Essay

   † The lifeless thing that lay at my feet†¦ my candle was nearly burnt out†. Frankenstein has made himself isolated by abandoning everything to create his creature. Mary Shelley develops the theme of isolation in chapter 21 when Victor Frankenstein is placed in prison; she has now physically isolated him. Frankenstein is shown as very secluded and distraught â€Å"I was overcome with gloom and misery†. Frankenstein’s closest friend had been killed so his isolation seems to be justified. Shelley used his self-pity to reflect to evoke the feeling that he is alone without a friend; no one is there to help so he goes deeper into self pity â€Å"no one near me soothed me with the gentle voice of love; no dear hand supported me. † Shelley portrays the monster as a misunderstood individual with caring at heart but wants retribution against Frankenstein. The monster mirrors the actions of a child that had been rejected at birth by its parents. The monster looks to the reader as being destined towards a life of isolation and depression. The monster describes himself as† a poor, helpless, miserable wretch†. Shelley uses these comments by the monster to evoke the feeling of sympathy and make it known to the reader that at that point in the time the monster was feeling rejected and isolated making the monster low in self-esteem leading to the statements being made. The monster also enhances the portrayal of the isolation by admitting he is â€Å"desolate† to the reader making more straight-forward for the reader to identify with the monster and even Mary Shelley as all the characters are related to Shelley’s personal experiences during her childhood and adulthood. At the end of chapter 10 when Frankenstein and his â€Å"monster† meet Shelley shows the monster as someone who was willing to make friends among humans. â€Å"I was benevolent; my soul glowed with love and humanity; but am I not alone, miserably alone? You, my creator abhor me; what hope can I gather from your fellow creatures, who owe me nothing? † To the reader the monster is shown as an isolated individual who has unfairly been abandoned by its father/creator. Frankenstein is shown as his father who has left him to rot therefore enforcing the effect of isolation the reader feels about the monster. The reader is then made to feel that Victor Frankenstein is to blame for the monster’s feelings of isolation. Shelley used this technique to prepare the reader for the monster’s narrative view and to start seeing things from the monster’s perspective. In conclusion Shelley has been found to use to several narrative and literal techniques to show the feeling of isolation through all the characters. Shelley very often during the story used the scenery to reflect the emotions of the narrators within the book. The isolation within this book was one of the primary themes contributing to its gothic theme. Shelley uses things she experienced during her experience to create different situations in which isolation and sympathy were portrayed. Shelley (in the book) does not mention the word â€Å"isolation† however using very subtle techniques during the dialogue of the narrators and also scenery description she conveys the emotion fully to the reader about the characters within the story. Show preview only The above preview is unformatted text This student written piece of work is one of many that can be found in our GCSE Mary Shelley section.

A Personal Nature – The poet Robert Frost

The poet Robert Frost has been described as â€Å"the gentle New England poet†. This is because of his eloquent and subtle use of New England nature scenes as a metaphor for the human condition. In his poems Robert Frost manipulates nature, humanizing and exaggerating it with the purpose of creating a fictional world for his characters. This use of nature as the active driving force for the poems is vital to Robert Frost's subtle implication of deeper meanings in his poems. Frank Lentricchia noted that in â€Å"Birches† nature â€Å"performs the potter's art† and molds ice onto the speaker's figurative birch tree which becomes â€Å"bracken by the load† (line 14). Such a vivid description of the natural process of winter storms leaving behind loads of ice to weigh down trees speaks volumes to the weight the speaker must feel on his life. The poem goes on to allow the speaker to re-live his fantasy and become a â€Å"swinger of the birches† (line 58). In this metaphor, swinging in the birches -nature- is compared to leaving your cares behind and being happy again, in this way according to Frank Lentricchia, Frost â€Å"grants (the speaker's) wish. † These acts of nature give an â€Å"original and distinctive vision to the poem† says John C. Kemp. This is obvious in Frank Lentricchia's allusion to Mother Nature in his analysis of the speaker's descent from heaven in which â€Å"the blessed pull of the earth is felt again† (Kemp). Because Mother Nature is nature herself the speaker feels that nature has a warm pull on man, further emphasizing and humanizing Frost's consistent use of nature. Robert Frost goes even further than creating a metaphor of nature to human condition. The brilliance of the poet brings nature to a humanized level so he can manipulate nature itself to fit his motivation. The purpose of this is to rid the poem of contaminating â€Å"matter-of-fact† (line 22) verbiage. According to Frank Lentricchia the emotive power of the poem rises uncontaminated from the â€Å"morass of philosophical problems† that harm the poem if the poet decides to turn to knowledge of facts to influence a point (Lentricchia). This theme of a humanized nature is evident in â€Å"Design† in which nature's design â€Å"steere[s] the white moth thither in the night,† (line 12) giving nature an active, driving role in the poem's message of the design of nature. Frank Lentricchia also notes that this â€Å"humanized nature† indicates a â€Å"human will riding roughshod over a pliable external world,† giving Robert Frost's characters a sense of separation from the â€Å"external† world and a feeling of security in nature. In â€Å"Birches† nature stands humanized as the poet allows the speaker to transcend the scientific universe and, at the same time, the poet allows the fictive world to be penetrated by imagination (Lentricchia). This secure world in which Robert Frost's characters live in is not a realistic nature but rather an â€Å"unsanctioned vision of the world† (Lentricchia). An immediate example of this is Frost's â€Å"Design† in which the abnormal â€Å"dimpled and white† (line 1) spider sits atop the mutant â€Å"white heal-all† (line 2). These two extremely rare albino obscurities are likely to never meet each other in the real world; however Robert Frost has idyllically introduced them as companions in nature's supreme design. The pleasant swinging of a boy in a birch tree in â€Å"Birches† is also obviously fabricated because of the perfect, linear oscillations of the boy's swing. This lie is very effective, however because the smooth, downward swing of the speaker back to earth's â€Å"love† (line 51) is a redemptive personality inhabited by Robert Frost's Nature, giving man and Nature an intimate connection. The ice on the trees in â€Å"Birches† is also very idyllic. Because of the weight of the ice, the branches may never â€Å"right themselves,† (line 16) however the beauty of the ice makes one believe that the â€Å"inner dome of heaven† had fallen. Although nature in the form of ice represents life's burdens, it redeems its relationship with man through its manifestation of a birch tree in which it grants the speaker his wish by launching him into heaven and back again. Ralph Waldo Emerson describes man's relationship with nature so deeply that he felt man was â€Å"no better acquainted with his limbs† than he is â€Å"with the air, the mountains, the tides, the moon, and the sun† (Montiero). Richard Gray comments that in â€Å"Design,† Robert Frost's imaginary Nature â€Å"whisper[s] secret, sympathetic messages to us. † Because of this perfect relationship established between nature and the characters, caused by the humanization of nature and the exaggerated fantasy world, Frost effectively portrays all of the character's emotions. Robert Frost's â€Å"resource as a poet† is effective enough to use nature not for â€Å"shock's and changes† to keep the reader interested, but rather as a useful tool to deliver the best message (Lentricchia). Because of Frost's great manipulative talents he is able to do what most poets can't. For instance, Frank Lentricchia believes that in â€Å"Birches† Frost's use of the â€Å"pathless woods† would appear â€Å"trite† if any other poets were using it, but for Frost it only adds to the overall feeling of the poem. In â€Å"Birches,† nature manifests itself in three beings- the ice on the tree, the fanciful birch which lifts men up into the heavens, and the â€Å"pathless woods† (line 43) which represents life's considerations. As a result, the poem's passionate concluding lines, its closing pronouncements on life, death, and human aspiration, do not give the reader a sense of finality. Instead, â€Å"they are presented as doctrines that we must accept or reject on the basis of our belief in the speaker as a wise countryman whose familiarity with birch trees, ice storms, and pathless woods gives him authority as a philosopher† (Kemp) . Therefore, the â€Å"the natural order – tree, ice crystal, pathless wood† functions as proof of the wisdom of Robert Frost (Kemp). The manipulation of nature in Robert Frost's poetry turns it into a character rather than a withdrawn force; this character shares human emotion and fantasy and creates a very inviting fiction for the poem's characters to live in. Not only does this characterization emphasize Frost's emotions, but it gives meaning to them. Robert Frost's intention with poetry was to express his feelings in an uplifting way, not to pour out his personal struggles in a form of self-pity, and through such an exact setting of a personal nature, he accomplished just that.