Singapore the Republic of Singapore, is an island city-state in Southeast Asia. It lies one degree north of the equator, at the southern tip of the Malay Peninsula, with Indonesia's Riau Islands to the south and Peninsular Malaysia to the north. Singapore's territory consists of one main island along with 62 other islets. Since independence, extensive land reclamation has increased its total size by 23%; the country is known for its transition from a developing to a developed one in a single generation under the leadership of its founder Lee Kuan Yew. In 1819, Sir Stamford Raffles founded colonial Singapore as a trading post of the British East India Company. After the company's collapse in 1858, the islands were ceded to the British Raj as a crown colony. During the Second World War, Singapore was occupied by Japan, it gained independence from the British Empire in 1963 by joining Malaysia along with other former British territories, but separated two years over ideological differences, becoming a sovereign nation in 1965.
After early years of turbulence and despite lacking natural resources and a hinterland, the nation developed as an Asian Tiger economy, based on external trade and its workforce. Singapore is a global hub for education, finance, human capital, logistics, technology, tourism and transport; the city ranks in numerous international rankings, has been recognised as the most "technology-ready" nation, top International-meetings city, city with "best investment potential", world's smartest city, world's safest country, second-most competitive country, third least-corrupt country, third-largest foreign exchange market, third-largest financial centre, third-largest oil refining and trading centre, fifth-most innovative country, the second-busiest container port. The Economist has ranked Singapore as the most expensive city to live in, since 2013, it is identified as a tax haven. Singapore is the only country in Asia with an AAA sovereign rating from all major rating agencies, one of 11 worldwide. Globally, the Port of Singapore and Changi Airport have held the titles of leading "Maritime Capital" and "Best Airport" for consecutive years, while Singapore Airlines is the 2018 "World's Best Airline".
Singapore ranks 9th on the UN Human Development Index with the 3rd highest GDP per capita. It is placed in key social indicators: education, life expectancy, quality of life, personal safety and housing. Although income inequality is high, 90% of homes are owner-occupied. According to the Democracy Index, the country is described as a "flawed democracy"; the city-state is home to 5.6 million residents, 39% of whom are foreign nationals, including permanent residents. There are four official languages: English, Mandarin Chinese, Tamil, its cultural diversity is reflected in major festivals. Pew Research has found. Multiracialism has been enshrined in its constitution since independence, continues to shape national policies in education, politics, among others. Singapore is a unitary parliamentary republic with a Westminster system of unicameral parliamentary government; the People's Action Party has won every election since self-government began in 1959. As one of the five founding members of ASEAN, Singapore is the host of the Asia-Pacific Economic Cooperation Secretariat and Pacific Economic Cooperation Council Secretariat, as well as many international conferences and events.
It is a member of the East Asia Summit, Non-Aligned Movement and the Commonwealth of Nations. The English name of Singapore is an anglicisation of the native Malay name for the country, in turn derived from Sanskrit, hence the customary reference to the nation as the Lion City, its inclusion in many of the nation's symbols. However, it is unlikely that lions lived on the island. There are however other suggestions for the origin of the name and scholars do not believe that the origin of the name is established; the central island has been called Pulau Ujong as far back as the third century CE "island at the end" in Malay. Singapore is referred to as the Garden City for its tree-lined streets and greening efforts since independence, the Little Red Dot for how the island-nation is depicted on many maps of the world and Asia, as a red dot. Singapore is referred to as the "Switzerland of Asia" in 2017 due to its neutrality on international and regional issues; the Greco-Roman astronomer Ptolemy identified a place called Sabana in the general area in the second century, the earliest written record of Singapore occurs in a Chinese account from the third century, describing the island of Pu Luo Chung.
This was itself a transliteration from the Malay name "Pulau Ujong", or "island at the end". The Nagarakretagama, a Javanese epic poem written in 1365, referred to a settlement on the island called Tumasik. In 1299, according to the Malay Annals, the Kingdom of Singapura was founded on the island by Sang Nila Utama. Although the historicity
Nickel is a chemical element with symbol Ni and atomic number 28. It is a silvery-white lustrous metal with a slight golden tinge. Nickel is hard and ductile. Pure nickel, powdered to maximize the reactive surface area, shows a significant chemical activity, but larger pieces are slow to react with air under standard conditions because an oxide layer forms on the surface and prevents further corrosion. So, pure native nickel is found in Earth's crust only in tiny amounts in ultramafic rocks, in the interiors of larger nickel–iron meteorites that were not exposed to oxygen when outside Earth's atmosphere. Meteoric nickel is found in combination with iron, a reflection of the origin of those elements as major end products of supernova nucleosynthesis. An iron–nickel mixture is thought to compose Earth's outer and inner cores. Use of nickel has been traced as far back as 3500 BCE. Nickel was first isolated and classified as a chemical element in 1751 by Axel Fredrik Cronstedt, who mistook the ore for a copper mineral, in the cobalt mines of Los, Hälsingland, Sweden.
The element's name comes from a mischievous sprite of German miner mythology, who personified the fact that copper-nickel ores resisted refinement into copper. An economically important source of nickel is the iron ore limonite, which contains 1–2% nickel. Nickel's other important ore minerals include pentlandite and a mixture of Ni-rich natural silicates known as garnierite. Major production sites include the Sudbury region in Canada, New Caledonia in the Pacific, Norilsk in Russia. Nickel is oxidized by air at room temperature and is considered corrosion-resistant, it has been used for plating iron and brass, coating chemistry equipment, manufacturing certain alloys that retain a high silvery polish, such as German silver. About 9% of world nickel production is still used for corrosion-resistant nickel plating. Nickel-plated objects sometimes provoke nickel allergy. Nickel has been used in coins, though its rising price has led to some replacement with cheaper metals in recent years. Nickel is one of four elements that are ferromagnetic at room temperature.
Alnico permanent magnets based on nickel are of intermediate strength between iron-based permanent magnets and rare-earth magnets. The metal is valuable in modern times chiefly in alloys. A further 10% is used for nickel-based and copper-based alloys, 7% for alloy steels, 3% in foundries, 9% in plating and 4% in other applications, including the fast-growing battery sector; as a compound, nickel has a number of niche chemical manufacturing uses, such as a catalyst for hydrogenation, cathodes for batteries and metal surface treatments. Nickel is an essential nutrient for some microorganisms and plants that have enzymes with nickel as an active site. Nickel is a silvery-white metal with a slight golden tinge, it is one of only four elements that are magnetic at or near room temperature, the others being iron and gadolinium. Its Curie temperature is 355 °C; the unit cell of nickel is a face-centered cube with the lattice parameter of 0.352 nm, giving an atomic radius of 0.124 nm. This crystal structure is stable to pressures of at least 70 GPa.
Nickel belongs to the transition metals. It is hard and ductile, has a high for transition metals electrical and thermal conductivity; the high compressive strength of 34 GPa, predicted for ideal crystals, is never obtained in the real bulk material due to the formation and movement of dislocations. The nickel atom has two electron configurations, 3d8 4s2 and 3d9 4s1, which are close in energy – the symbol refers to the argon-like core structure. There is some disagreement. Chemistry textbooks quote the electron configuration of nickel as 4s2 3d8, which can be written 3d8 4s2; this configuration agrees with the Madelung energy ordering rule, which predicts that 4s is filled before 3d. It is supported by the experimental fact that the lowest energy state of the nickel atom is a 3d8 4s2 energy level the 3d8 4s2 3F, J = 4 level. However, each of these two configurations splits into several energy levels due to fine structure, the two sets of energy levels overlap; the average energy of states with configuration 3d9 4s1 is lower than the average energy of states with configuration 3d8 4s2.
For this reason, the research literature on atomic calculations quotes the ground state configuration of nickel as 3d9 4s1. The isotopes of nickel range in atomic weight from 48 u to 78 u. Occurring nickel is composed of five stable isotopes. Isotopes heavier than 62Ni cannot be formed by nuclear fusion without losing energy. Nickel-62 has the highest mean nuclear binding energy per nucleon of any nuclide, at 8.7946 MeV/nucleon. Its binding energy is greater than both 56Fe and 58Fe, more abundant elements incorrectly cited as having the most tightly-bound nuclides. Although this would seem to predict nickel-62 as the most abundant heavy element in the universe, the high rate of photodisintegration of nickel in stellar interiors causes iron to be by far the most abundant. Stable isotope nickel-60 is the daughter product of the extinct radionuclide 60Fe, whi
Aluminium or aluminum is a chemical element with symbol Al and atomic number 13. It is a silvery-white, soft and ductile metal in the boron group. By mass, aluminium makes up about 8% of the Earth's crust; the chief ore of aluminium is bauxite. Aluminium metal is so chemically reactive that native specimens are rare and limited to extreme reducing environments. Instead, it is found combined in over 270 different minerals. Aluminium is remarkable for its low density and its ability to resist corrosion through the phenomenon of passivation. Aluminium and its alloys are vital to the aerospace industry and important in transportation and building industries, such as building facades and window frames; the oxides and sulfates are the most useful compounds of aluminium. Despite its prevalence in the environment, no known form of life uses aluminium salts metabolically, but aluminium is well tolerated by plants and animals; because of these salts' abundance, the potential for a biological role for them is of continuing interest, studies continue.
Of aluminium isotopes, only 27Al is stable. This is consistent with aluminium having an odd atomic number, it is the only aluminium isotope that has existed on Earth in its current form since the creation of the planet. Nearly all the element on Earth is present as this isotope, which makes aluminium a mononuclidic element and means that its standard atomic weight equates to that of the isotope; the standard atomic weight of aluminium is low in comparison with many other metals, which has consequences for the element's properties. All other isotopes of aluminium are radioactive; the most stable of these is 26Al and therefore could not have survived since the formation of the planet. However, 26Al is produced from argon in the atmosphere by spallation caused by cosmic ray protons; the ratio of 26Al to 10Be has been used for radiodating of geological processes over 105 to 106 year time scales, in particular transport, sediment storage, burial times, erosion. Most meteorite scientists believe that the energy released by the decay of 26Al was responsible for the melting and differentiation of some asteroids after their formation 4.55 billion years ago.
The remaining isotopes of aluminium, with mass numbers ranging from 21 to 43, all have half-lives well under an hour. Three metastable states are known, all with half-lives under a minute. An aluminium atom has 13 electrons, arranged in an electron configuration of 3s23p1, with three electrons beyond a stable noble gas configuration. Accordingly, the combined first three ionization energies of aluminium are far lower than the fourth ionization energy alone. Aluminium can easily surrender its three outermost electrons in many chemical reactions; the electronegativity of aluminium is 1.61. A free aluminium atom has a radius of 143 pm. With the three outermost electrons removed, the radius shrinks to 39 pm for a 4-coordinated atom or 53.5 pm for a 6-coordinated atom. At standard temperature and pressure, aluminium atoms form a face-centered cubic crystal system bound by metallic bonding provided by atoms' outermost electrons; this crystal system is shared by some other metals, such as copper. Aluminium metal, when in quantity, is shiny and resembles silver because it preferentially absorbs far ultraviolet radiation while reflecting all visible light so it does not impart any color to reflected light, unlike the reflectance spectra of copper and gold.
Another important characteristic of aluminium is its low density, 2.70 g/cm3. Aluminium is a soft, lightweight and malleable with appearance ranging from silvery to dull gray, depending on the surface roughness, it is nonmagnetic and does not ignite. A fresh film of aluminium serves as a good reflector of visible light and an excellent reflector of medium and far infrared radiation; the yield strength of pure aluminium is 7–11 MPa, while aluminium alloys have yield strengths ranging from 200 MPa to 600 MPa. Aluminium has stiffness of steel, it is machined, cast and extruded. Aluminium atoms are arranged in a face-centered cubic structure. Aluminium has a stacking-fault energy of 200 mJ/m2. Aluminium is a good thermal and electrical conductor, having 59% the conductivity of copper, both thermal and electrical, while having only 30% of copper's density. Aluminium is capable of superconductivity, with a superconducting critical temperature of 1.2 kelvin and a critical magnetic field of about 100 gauss.
Aluminium is the most common material for the fabrication of superconducting qubits. Aluminium's corrosion resistance can be excellent due to a thin surface layer of aluminium oxide that forms when the bare metal is exposed to air preventing further oxidation, in a process termed passivation; the strongest aluminium alloys are less corrosion resistant due to galvanic reactions with alloyed copper. This corrosion resistance is reduced by aqueous salts in the presence of dissimilar metals. In acidic solutions, aluminium reacts with water to form hydrogen, in alkaline ones to form aluminates—protective passivation under these conditions is negligible; because it is corroded by dissolved chlorides, such as common sodium chloride, household plumbing is never made from aluminium. However, because
Kobe is the sixth-largest city in Japan and the capital city of Hyōgo Prefecture. It is located on the southern side of the main island of Honshū, on the north shore of Osaka Bay and about 30 km west of Osaka. With a population around 1.5 million, the city is part of the Keihanshin metropolitan area along with Osaka and Kyoto. The earliest written records regarding the region come from the Nihon Shoki, which describes the founding of the Ikuta Shrine by Empress Jingū in AD 201. For most of its history, the area was never a single political entity during the Tokugawa period, when the port was controlled directly by the Tokugawa shogunate. Kobe did not exist in its current form until its founding in 1889, its name comes from kanbe. Kobe became one of Japan's designated cities in 1956. Kobe was one of the cities to open for trade with the West following the 1853 end of the policy of seclusion and has since been known as a cosmopolitan and nuclear-free zone port city. While the 1995 Great Hanshin earthquake diminished much of Kobe's prominence as a port city, it remains Japan's fourth-busiest container port.
Companies headquartered in Kobe include ASICS, Kawasaki Heavy Industries, Kobe Steel, as well as over 100 international corporations with Asian or Japanese headquarters in the city, such as Eli Lilly and Company, Procter & Gamble, Boehringer Ingelheim, Nestlé. The city is the point of origin and namesake of Kobe beef, as well as the site of one of Japan's most famous hot spring resorts, Arima Onsen. Media related to History of Kobe at Wikimedia Commons Tools found in western Kobe demonstrate the area was populated at least from the Jōmon period; the natural geography of the area of Wada Cape in Hyōgo-ku, led to the development of a port, which would remain the economic center of the city. Some of the earliest written documents mentioning the region include the Nihon Shoki, which describes the founding of the Ikuta Shrine by Empress Jingū in AD 201. During the Nara and Heian periods, the port was known by the name Ōwada Anchorage and was one of the ports from which imperial embassies to China were dispatched.
The city was the capital of Japan in 1180, when Taira no Kiyomori moved his grandson Emperor Antoku to Fukuhara in present-day Hyōgo-ku. The Emperor returned to Kyoto after about five months. Shortly thereafter in 1184, the Taira fortress in Hyōgo-ku and the nearby Ikuta Shrine became the sites of the Genpei War battle of Ichi-no-Tani between the Taira and Minamoto clans; the Minamoto prevailed. As the port grew during the Kamakura period, it became an important hub for trade with China and other countries. In the 13th century, the city came to be known by the name Hyōgo Port. During this time, Hyōgo Port, along with northern Osaka, composed the province of Settsu. During the Edo period, the eastern parts of present-day Kobe came under the jurisdiction of the Amagasaki Domain and the western parts under that of the Akashi Domain, while the center was controlled directly by the Tokugawa shogunate, it was not until the abolition of the han system in 1871 and the establishment of the current prefecture system that the area became politically distinct.
Hyōgo Port was opened to foreign trade by the Shogunal government at the same time as Osaka on January 1, 1868, just before the advent of the Boshin War and the Meiji Restoration. The region has since been identified with the West and many foreign residences from the period remain in Kobe's Kitano area. Kobe, as it is known today, was founded on April 1, 1889, was designated on September 1, 1956 by government ordinance; the history of the city is tied to that of the Ikuta Shrine, the name "Kobe" derives from kamube, an archaic name for those who supported the shrine. During World War II, Kobe was bombed in the Doolittle Raid on April 18, 1942, along with Tokyo and a few other cities, it was bombed again with incendiary bombs by B-29 bombers on March 17, 1945, causing the death of 8,841 residents and destroying 21% of Kobe's urban area. This incident inspired the well-known Studio Ghibli film Grave of the Fireflies and the book by Akiyuki Nosaka on which the film was based. Following continuous pressure from citizens, on March 18, 1975, the Kobe City Council passed an ordinance banning vessels carrying nuclear weapons from Kobe Port.
This prevented any U. S. warships from entering the port, policy being not to disclose whether any warship is carrying nuclear weapons. This nonproliferation policy has been termed the "Kobe formula". On January 17, 1995, a magnitude 6.9 earthquake occurred at 5:46 am JST near the city. About 6,434 people in the city were killed, 212,443 were made homeless, large parts of the port facilities and other parts of the city were destroyed; the earthquake destroyed portions of the Hanshin Expressway, an elevated freeway that toppled over. In Japan, the earthquake is known as the Great Hanshin earthquake. To commemorate Kobe's recovery from the 1995 quake, the city holds an event every December called the Luminarie, where the city center is decorated with illuminated metal archways; the Port of Kobe was Japan's busiest port and one of Asia's top ports until the Great Hanshin earthquake. Kobe has since dropped to fourth in 49th-busiest container port worldwide. Wedged between the coast and the mountains, the city of Kobe is narrow.
To the east is the city of Ashiya, while the city of Akashi lies to its west. Other adjacent cities include Takarazuka and Nishinomiya to the
Natural rubber called India rubber or caoutchouc, as produced, consists of polymers of the organic compound isoprene, with minor impurities of other organic compounds, plus water. Thailand and Indonesia are two of the leading rubber producers. Forms of polyisoprene that are used as natural rubbers are classified as elastomers. Rubber is harvested in the form of the latex from the rubber tree or others; the latex is a sticky, milky colloid drawn off by making incisions in the bark and collecting the fluid in vessels in a process called "tapping". The latex is refined into rubber ready for commercial processing. In major areas, latex is allowed to coagulate in the collection cup; the coagulated lumps are processed into dry forms for marketing. Natural rubber is used extensively in many applications and products, either alone or in combination with other materials. In most of its useful forms, it has a large stretch ratio and high resilience, is waterproof; the major commercial source of natural rubber latex is the Pará rubber tree, a member of the spurge family, Euphorbiaceae.
This species is preferred. A properly managed tree responds to wounding by producing more latex for several years. Congo rubber a major source of rubber, came from vines in the genus Landolphia. Dandelion milk contains latex; the latex exhibits the same quality as the natural rubber from rubber trees. In the wild types of dandelion, latex content varies greatly. In Nazi Germany, research projects tried to use dandelions as a base for rubber production, but failed. In 2013, by inhibiting one key enzyme and using modern cultivation methods and optimization techniques, scientists in the Fraunhofer Institute for Molecular Biology and Applied Ecology in Germany developed a cultivar, suitable for commercial production of natural rubber. In collaboration with Continental Tires, IME began a pilot facility. Many other plants produce forms of latex rich in isoprene polymers, though not all produce usable forms of polymer as as the Pará; some of them require more elaborate processing to produce anything like usable rubber, most are more difficult to tap.
Some produce other desirable materials, for example chicle from Manilkara species. Others that have been commercially exploited, or at least showed promise as rubber sources, include the rubber fig, Panama rubber tree, various spurges, the related Scorzonera tau-saghyz, various Taraxacum species, including common dandelion and Russian dandelion, most for its hypoallergenic properties, guayule; the term gum rubber is sometimes applied to the tree-obtained version of natural rubber in order to distinguish it from the synthetic version. The first use of rubber was by the indigenous cultures of Mesoamerica; the earliest archeological evidence of the use of natural latex from the Hevea tree comes from the Olmec culture, in which rubber was first used for making balls for the Mesoamerican ballgame. Rubber was used by the Maya and Aztec cultures – in addition to making balls Aztecs used rubber for other purposes such as making containers and to make textiles waterproof by impregnating them with the latex sap.
The Pará rubber tree is indigenous to South America. Charles Marie de La Condamine is credited with introducing samples of rubber to the Académie Royale des Sciences of France in 1736. In 1751, he presented a paper by François Fresneau to the Académie that described many of rubber's properties; this has been referred to as the first scientific paper on rubber. In England, Joseph Priestley, in 1770, observed that a piece of the material was good for rubbing off pencil marks on paper, hence the name "rubber", it made its way around England. In 1764 François Fresnau discovered. Giovanni Fabbroni is credited with the discovery of naphtha as a rubber solvent in 1779. South America remained the main source of latex rubber used during much of the 19th century; the rubber trade was controlled by business interests but no laws expressly prohibited the export of seeds or plants. In 1876, Henry Wickham smuggled 70,000 Pará rubber tree seeds from Brazil and delivered them to Kew Gardens, England. Only 2,400 of these germinated.
Seedlings were sent to India, British Ceylon, Dutch East Indies and British Malaya. Malaya was to become the biggest producer of rubber. In the early 1900s, the Congo Free State in Africa was a significant source of natural rubber latex gathered by forced labor. King Leopold II's colonial state brutally enforced production quotas. Tactics to enforce the rubber quotas included removing the hands of victims to prove they had been killed. Soldiers came back from raids with baskets full of chopped-off hands. Villages that resisted were razed to encourage better compliance locally. See Atrocities in the Congo Free State for more information on the rubber trade in the Congo Free State in the late 1800s and early 1900s. Liberia and Nigeria started production. In India, commercial cultivation was introduced by British planters, although the experimental efforts to grow rubber on a commercial scale were initiated as early as 1873 at the Calcutta Botanical Gardens; the first commercial Hevea plantations were established at Thattekadu in Kerala in 1902.
In years the plantation expanded to Karnataka, Tamil Nadu and the Andaman and Nicobar Islands of India. India today is the
Finance is a field, concerned with the allocation of assets and liabilities over space and time under conditions of risk or uncertainty. Finance can be defined as the art of money management. Participants in the market aim to price assets based on their risk level, fundamental value, their expected rate of return. Finance can be split into three sub-categories: public finance, corporate finance and personal finance. Matters in personal finance revolve around: Protection against unforeseen personal events, as well as events in the wider economies Transference of family wealth across generations Effects of tax policies management of personal finances Effects of credit on individual financial standing Development of a savings plan or financing for large purchases Planning a secure financial future in an environment of economic instability Pursuing a checking and/or a savings account Personal finance may involve paying for education, financing durable goods such as real estate and cars, buying insurance, e.g. health and property insurance and saving for retirement.
Personal finance may involve paying for a loan, or debt obligations. The six key areas of personal financial planning, as suggested by the Financial Planning Standards Board, are: Financial position: is concerned with understanding the personal resources available by examining net worth and household cash flows. Net worth is a person's balance sheet, calculated by adding up all assets under that person's control, minus all liabilities of the household, at one point in time. Household cash flows total up all from the expected sources of income within a year, minus all expected expenses within the same year. From this analysis, the financial planner can determine to what degree and in what time the personal goals can be accomplished. Adequate protection: the analysis of how to protect a household from unforeseen risks; these risks can be divided into the following: liability, death, disability and long term care. Some of these risks may be self-insurable, while most will require the purchase of an insurance contract.
Determining how much insurance to get, at the most cost effective terms requires knowledge of the market for personal insurance. Business owners, professionals and entertainers require specialized insurance professionals to adequately protect themselves. Since insurance enjoys some tax benefits, utilizing insurance investment products may be a critical piece of the overall investment planning. Tax planning: the income tax is the single largest expense in a household. Managing taxes is not a question of if you will pay taxes, but when and how much. Government gives many incentives in the form of tax deductions and credits, which can be used to reduce the lifetime tax burden. Most modern governments use a progressive tax; as one's income grows, a higher marginal rate of tax must be paid. Understanding how to take advantage of the myriad tax breaks when planning one's personal finances can make a significant impact in which can save you money in the long term. Investment and accumulation goals: planning how to accumulate enough money – for large purchases and life events – is what most people consider to be financial planning.
Major reasons to accumulate assets include purchasing a house or car, starting a business, paying for education expenses, saving for retirement. Achieving these goals requires projecting what they will cost, when you need to withdraw funds that will be necessary to be able to achieve these goals. A major risk to the household in achieving their accumulation goal is the rate of price increases over time, or inflation. Using net present value calculators, the financial planner will suggest a combination of asset earmarking and regular savings to be invested in a variety of investments. In order to overcome the rate of inflation, the investment portfolio has to get a higher rate of return, which will subject the portfolio to a number of risks. Managing these portfolio risks is most accomplished using asset allocation, which seeks to diversify investment risk and opportunity; this asset allocation will prescribe a percentage allocation to be invested in stocks, bonds and alternative investments.
The allocation should take into consideration the personal risk profile of every investor, since risk attitudes vary from person to person. Retirement planning is the process of understanding how much it costs to live at retirement, coming up with a plan to distribute assets to meet any income shortfall. Methods for retirement plans include taking advantage of government allowed structures to manage tax liability including: individual structures, or employer sponsored retirement plans and life insurance products. Estate planning involves planning for the disposition of one's assets after death. There is a tax due to the state or federal government at one's death. Avoiding these taxes means that more of one's assets will be distributed to one's heirs. One can leave one's assets to friends or charitable groups. Corporate finance deals with the sources of funding and the capital structure of corporations, the actions that managers take to increase the value of the firm to the shareholders, the tools and analysis used to allocate financial resources.
Although it is in principle different from managerial finance which studies the financial management of all firms, rather than corporations alone, the main concepts in the study of corporate finance are applicable to the financial problems of all kinds of firms. Corporate f
Osaka is a designated city in the Kansai region of Japan. It is the capital city of Osaka Prefecture and the largest component of the Keihanshin Metropolitan Area, the second largest metropolitan area in Japan and among the largest in the world with over 19 million inhabitants. Osaka will host Expo 2025; the current mayor of Osaka is Ichiro Matsui. Some of the earliest signs of human habitation in the Osaka area at the Morinomiya ruins comprise shell mounds, sea oysters and buried human skeletons from the 6th–5th centuries BC, it is believed that what is today the Uehonmachi area consisted of a peninsular land with an inland sea in the east. During the Yayoi period, permanent habitation on the plains grew. By the Kofun period, Osaka developed into a hub port connecting the region to the western part of Japan; the large numbers of larger tomb mounds found in the plains of Osaka are seen as evidence of political-power concentration, leading to the formation of a state. The Kojiki records that during 390–430 AD there was an imperial palace located at Osumi, in what is present day Higashiyodogawa ward, but it may have been a secondary imperial residence rather than a capital.
In 645, Emperor Kōtoku built his Naniwa Nagara-Toyosaki Palace in what is now Osaka, making it the capital of Japan. The city now known as Osaka was at this time referred to as Naniwa, this name and derivations of it are still in use for districts in central Osaka such as Naniwa and Namba. Although the capital was moved to Asuka in 655, Naniwa remained a vital connection, by land and sea, between Yamato and China. Naniwa was declared the capital again in 744 by order of Emperor Shōmu, remained so until 745, when the Imperial Court moved back to Heijō-kyō. By the end of the Nara period, Naniwa's seaport roles had been taken over by neighboring areas, but it remained a lively center of river and land transportation between Heian-kyō and other destinations. In 1496, Jōdo Shinshū Buddhists established their headquarters in the fortified Ishiyama Hongan-ji, located directly on the site of the old Naniwa Imperial Palace. Oda Nobunaga began a decade-long siege campaign on the temple in 1570 which resulted in the surrender of the monks and subsequent razing of the temple.
Toyotomi Hideyoshi constructed Osaka Castle in its place in 1583. Osaka was long considered Japan's primary economic center, with a large percentage of the population belonging to the merchant class. Over the course of the Edo period, Osaka grew into one of Japan's major cities and returned to its ancient role as a lively and important port, its popular culture was related to ukiyo-e depictions of life in Edo. By 1780, Osaka had cultivated a vibrant arts culture, as typified by its famous Kabuki and Bunraku theaters. In 1837, Ōshio Heihachirō, a low-ranking samurai, led a peasant insurrection in response to the city's unwillingness to support the many poor and suffering families in the area. One-quarter of the city was razed before shogunal officials put down the rebellion, after which Ōshio killed himself. Osaka was opened to foreign trade by the government of the Bakufu at the same time as Hyōgo on 1 January 1868, just before the advent of the Boshin War and the Meiji Restoration. Osaka residents were stereotyped in Edo literature from at least the 18th century.
Jippensha Ikku in 1802 depicted Osakans as stingy beyond belief. In 1809, the derogatory term "Kamigata zeeroku" was used by Edo residents to characterize inhabitants of the Osaka region in terms of calculation, lack of civic spirit, the vulgarity of Osaka dialect. Edo writers aspired to samurai culture, saw themselves as poor but generous and public spirited. Edo writers by contrast saw "zeeroku" as obsequious apprentices, greedy and lewd. To some degree, Osaka residents are still stigmatized by Tokyo observers in the same way today in terms of gluttony, evidenced in the phrase, "Residents of Osaka devour their food until they collapse"; the modern municipality was established in 1889 by government ordinance, with an initial area of 15 square kilometres, overlapping today's Chūō and Nishi wards. The city went through three major expansions to reach its current size of 223 square kilometres. Osaka was the industrial center most defined in the development of capitalism in Japan, it became known as the "Manchester of the Orient."The rapid industrialization attracted many Korean immigrants, who set up a life apart for themselves.
The political system was pluralistic, with a strong emphasis on promoting industrialization and modernization. Literacy was high and the educational system expanded producing a middle class with a taste for literature and a willingness to support the arts. In 1927, General Motors operated a factory called Osaka Assembly until 1941, manufacturing Chevrolet, Pontiac and Buick vehicles and staffed by Japanese workers and managers. In the nearby city of Ikeda in Osaka Prefecture is the headquarters office of Daihatsu, one of Japan's oldest automobile manufacturers. Like its European and American counterparts, Osaka displayed slums and poverty. In Japan it was here that municipal government first introduced a comprehensive system of poverty relief, copied in part from British models. Osaka policymakers stressed the importance of family formation and mutual assistance as the best way to combat poverty; this minimized