Tuesday, May 26, 2020
Sample details Pages: 6 Words: 1657 Downloads: 7 Date added: 2017/06/26 Category Finance Essay Type Argumentative essay Did you like this example? An understanding of effective cash flow statement and its further management is vital tool for the long term survival of an entity`s cash flows. It is also a key factor in planning and in the competent performance of all aspects of operations. The phrase revenue is sanity, profit is vanity but cash is king is an appropriate phenomenon that companies have to consider and embedded in their cash management strategy. DonÃ¢â¬â¢t waste time! Our writers will create an original "The Importance of Cash Flow Management" essay for you Create order It should be noted that profits are not an acceptable means of measuring and ensuring good cash flow, since it is not a major piece of cash flow management. Once cash inflows and outflows are received and money paid out are not effectively considered and monitored, corporations may possibly not be able to settle their employees and vendors on time. Hence, lack of good cash flow management could lead to companies inability to pay their bills as and when they fall due but yet these companies may have huge profits in their annual financial statements. 1.0 Background of the study Discounted cash flow analysis is widely used in investment finance,ÃâÃ real estate development, and corporate financial management. Indeed, a managers primary goal is to maximise the value of his or her firms stock. Value is based on the firms future cash flow. (F.Houston 2007 ,p.10). How does bank estimate that cash flow and how that cash flow will be used in future investment? The answers to both questions lie in a study of financial statement and risk related to transactions concerned with. Analysts describe the activities of a business in either operating or financial terms. Usually, to evaluate its operating profit, a business firm buys raw materials and combine them with actor as capital and labour to produce goods and services. Later on, the company will sell these goods or services to others at a higher price enough to yield return above the cost of the raw material, capital and labour used. In financial terms, the business obtains funds through creditors and owners, a nd spends them for raw material, labour and fixed assets. To see if a firms management has achieved its objectives, we must analyse the companys return and risk measures. Measuring returns consist of calculating profitability and risk measurement for the bank. 1.1 Overview of the company The creation of the UK largest retailer goes back to 1919, when John Edward (Jack) Cohen a retailers product line started selling surplus groceries from a stall in the East End of London. The name Tesco originated in 1924 when he bought a shipment of tea from a Mr T. E Stockwell, from whom the initials TES come from and CO from Jacks surname. In 1929 Mr Cohen opened a flagship Tesco store in Burnt Oak, North London and founded in 1939 Tesco stores limited. Today the company is a public limited and employs 470,000 people in more than 14 countries, and is the UK largest grocery retailer and the third worldwide. In the UK: Over the next decade following its creation, Tesco opened more than 100 small stores, mainly in the London area. The company expanded rapidly across the United Kingdom. Started with the acquisition of smaller grocery chains including the nineteen stores Burnards chain in 1955, and has now, 2362 stores ranging from superstores to express and petrol stations. Since the 1990s Tesco has developed an aggressive marketing campaign in an attempt to overtake Sainsburys and become the UKs leading retailer since 1995. In 1992, the company launched is slogan every little helps followed by the Tesco Value range in 1993 and the launch of his loyalty scheme, clubcard in 1995. Today Tesco is the first retailer in the UK with a groups sales of Ã £62,537 billion, a rise of 6.8% and Ã £3,412 billion group trading profit (12.3% growth) Abroad: The Company is now present in more than thirteen countries since 1995 when it first expanded to Tesco Hungary to, the USA in 2007. Strategy: The Companys strategy has been revised since 1997, the year Terry Leahy was named chief executive officer. Tesco has developed a growth strategy, the one that was ambitious in its design. In the coming years, the company directed its expansion efforts on its core U.K. business, retailing services, international operations, and non food business. Store types: Tesco has Ex tra, Superstore, Metro, Express, Tesco.com. Store offerings: Food retail, Non food retail, Petrol stations, Home living range. Tesco personal finance: life insurance, pet insurance, home insurance, travel insurance, motor insurance, saving account, personal loans, secure investment bonds, online mortgage finder The company aims: This dissertation was dedicated to the financial area, especially to financial management and risk involved. The proposed title of this dissertation is as follow: How important is for manager to have a good understanding of cash flow statement in a retailing industry. 1.2 Aims and objectives The aim of this research was to evaluate the overall performance of retailing sector a case study of Tesco Plc being chosen by taking into consideration its cash flows and risk involved. The researcher aims to understand the issues related to cash flow statement and relate it to risk involved and how to improve the management cash flow. Furthermore setting some aims and objectives are of a high importance as they outline some targets, tasks, guide and thus facilitate the research process. Objectives Identification of the key factors included in a cash flow statement Establishment of the straight relationship between the cash inflow and cash outflow Identification of the element that affect (risk) the successful cash flow The areas in need of cash flow What are the advantages of good knowledge of cash flow analysis Recommendation of new strategies and techniques to improve organizations overall cash flow performance Rationale of the Study The essence of commissioning this research was to establish the need for the company managers to have a good and a deeper understanding of the cash flow statement. After having considered the rate at which corporations are faced with liquidations as a result of going concern problems. The dependencies of profit/ income statement for financing decision making by most businesses over the years have result to these corporations failing to meet the expectations of their long term objectives. With this study the managers would realise the importance of the role the cash flow statement plays in the organisations cash flows management status. The other annual financial statements do not through more light on the financing needs/ requirement and management of the entities. However, the cash flow statement provides more and strong indicators that assist corporations to know the strength and weaknesses of their cash flow generation approaches. 1.4 Significance of the study Cash flows information of a company is very significant element in providing users of financial statements with a basis to measure the capability of the business to generate cash and cash equivalents and the desires of the business to make use of those cash flows. The financial decisions that users (both shareholders and stakeholders) make depends an appraisal of the strength of the business to generate cash and cash equivalents by having regard to the certainty and their ability to generate those cash (Ramachandran, 2007). The cash flow statement deals with the consideration of information concerning the historical changes in cash and cash equivalents of a company and categories cash flows in to certain groups. This research will no doubt be a significant tool in financing decisions for managers, shareholders and stakeholders at large. 1.5 The Research problem In recent years so many businesses have had to depend on excessive borrowings from the banks, credit agencies and other financial institutions. Cash flow shortages result to increase in costs, due to interest companies need to pay on borrowed loans, late-payment which may lead to fines, and subsequently the discounts that could be lost for paying bills lately. Lack of cash flow improvements can compound these unexpected costs and could result to difficulty in accessing credit and unfavourable payment terms on some types of purchases. Eventually, corporations that get better in the manner in which their receipts of cash and payment of cash are managed would be more flourishing than their counter-parts. 1.6 Research question After identifying the aims and objectives of this study, the research attempted to answer the following questions. What is cash flow concept? How is it used in an organisation? What is the impact of financial statements when valuing the cash flow statement? What are the review conceptual models and theoretical fragments related to cash flow? What review cash flow statement used by Tesco? What are the risks faced by the company when evaluating their cash inflow and cash outflow? The overall impact on cash flow statement inside and outside the industry 1.7 The dissertation outline The study has been organised in a manner that makes it much easier to read and understand. As a consequence the outline is as follows: Chapter one: introduction was concerned with general overviews of the study by presenting the aims and objectives, the significance of carrying such research as well as some questions faced by managers when valuing their liquidity. Chapter two: literature reviews was applied as others opinion, what authors has writing and thinking about cash flow management. Chapter three: methodology was highlighting the different techniques and approach used to carry out our research so that readers and manager can have a Chapter four: data analysis was presented as the methodology used to conduct this research successful .it furthermore presented the chosen analytical method in accordance with qualitative approach chosen in this study. The data collected are analysed using a qualitative analytical method the methodology used to conduct this study has been discussed. in this chapter and evaluated in accordance with the theoretical framework established from the literature review. Chapter five: conclusions and recommendations 1.8 summary This chapter gave an insight of the research project by presenting the company Tesco plc which is subject to inquiry, highlighting the aims and objectives, and discussing the significance of carrying such project as well as the limitations. The subsequent chapter reviews the literature of direct marketing, discussed by prominent authors.
Monday, May 25, 2020
The Emotional versus the Rational: A Literary Analysis and Comparison between Sir Walter RaleighÃ¢â¬â¢s Ã¢â¬Å"The NymphÃ¢â¬â¢s Reply to Her ShepherdÃ¢â¬ and Christopher MarloweÃ¢â¬â¢s Ã¢â¬Å"The Passionate Shepherd to His LoveÃ¢â¬ Seize the day, and put the least possible trust in tomorrowÃ¢â¬âHorace HoraceÃ¢â¬â¢s statement on first glance, especially in light of treatment of thematic issues related to carpe diem poetry, might have a ring of truth to it, and might appear to be a reasonable and logical statement. It puts forward the viewpoint that one should seize the day since tomorrow is uncertain. Nevertheless, one can also argue from the viewpoint that because of the fleeting nature of time, it is not reasonable to seize the day since a persons accomplishments andÃ¢â¬ ¦show more contentÃ¢â¬ ¦Debora B. Schwartz in her article, Pastoral Poetry and Pastoral Comedy highlights the fact that the major themes which are typically discussed in pastoral poetry include: l ove and seduction;Ã¢â¬ ¦ the corruption of the city or court vs. the Ã¢â¬ËpurityÃ¢â¬â¢ of idealized country lifeÃ¢â¬ ¦ (par. 2). In the poem, The Passionate Shepherd to His Love, the theme of the purity of idealized country life is explored when the male persona attempts to use words which conjure up images of an paradise which he and his love interest can escape to sexually gratify each other. The male persona entices his love interest to come live with him and be his love (l. 1). He desires that he and his lovers prove the various pleasures that woods or steepy mountain yields (ll. 2, 4). This argument is rebuffed by the female persona in the poem, The Nymphs Reply to Her Husband, when she states the following: Time drives the flocks from field to fold, /When rivers rage and rocks grow cold (ll. 5-6). It should be noted that these lines reflect the following lines of Marlowes poem: And we will sit upon the rocks, / seeing the shepherds feed their flocks/ by shallow riversÃ¢â ¬ ¦ (ll. 5-7). The female persona undermines the shepherds idealization of the countryside and pastoral life since the passage of time, depicted by the seasons, will change the characteristics of these things described so positively by the male persona in Marlowes poem. Additionally, the theme of seduction is
Sunday, May 24, 2020
The modern age of astronomy has brought a new set of scientists to our attention: the planet hunters. These people, often working in teams using ground-based and space-based telescopes are turning up planets by the dozens out there in the galaxy. In return, those newly found worlds are expanding our understanding of how worlds form around other stars and how many extrasolar planets, often referred to as exoplanets, exist in the Milky Way galaxy. The Hunt for Other Worlds around the Sun Searching for planets began in our own solar system, with the discovery of worlds beyond the familiar naked-eye planets of Mercury, Venus, Mars, Jupiter, and Saturn. Uranus and Neptune were found in the 1800s, and Pluto wasnt discovered until the early years of the 20th century. These days, the hunt is on for other dwarf planets out in the far reaches of the solar system. One team, led by astronomer Mike Brown of CalTech continually looks for worlds in the Kuiper Belt (a distant realm of the solar system), and have notched their belts with a number of claims. So far, they have found the world Eris (which is larger than Pluto), Haumea, Sedna, and dozens of other trans-Neptunian objects (TNOs). Their hunt for a Planet X sparked worldwide attention, but as of mid-2017, nothing has been seen.Ã Looking for Exoplanets The search for worlds around other stars began in 1988 when astronomers found hints of planets around two stars and a pulsar. The first confirmed exoplanet around a main-sequence star occurred in 1995 when astronomers Michel Mayor and Didier Queloz of the University of Geneva announced the discovery of a planet around the star 51 Pegasi. Their find was proof that planets orbited sun-like stars in the galaxy. After that, the hunt was on, and astronomers began finding more planets. They used several methods, including the radial velocity technique. It looks for the wobble in a stars spectrum, induced by the slight gravitational tug of a planet as it orbits the star. They also used the dimming of starlight produced when a planet eclipses its star.Ã A number of groups have been involved in surveying stars to find their planets. At last count, 45 ground-based planet-hunting projects have found more than 450 worlds. One of them, the Probing Lensing Anomalies Network, which has merged with another network called MicroFUN Collaboration, looks for gravitational lensing anomalies. These happen when stars are lensed by massive bodies (such as other stars)Ã or planets. Another group of astronomers formed a group called the Optical Gravitational Lensing Experiment (OGLE), which used ground based instruments to look for stars, as well. Planet Hunting Enters the Space Age Hunting for planets around other stars is a painstaking process. It doesnt help that Earths atmosphere makes the view of such tiny objects very difficult to obtain. Stars are large and bright; planets are small and dim. They can get lost in the glow of starlight, so direct images are incredibly tough to obtain, especially from the ground. So, space-based observations provide a better view and allow instruments and cameras to make the painstaking measurements involved in modern planet-hunting.Ã Hubble Space Telescope has made many stellar observations andÃ has been used to image planets around other stars, as has the Spitzer Space Telescope. By far the most productive planet hunter has been the Kepler Telescope. It was launched in 2009 and spent several years searching out planets in a small area of the sky in the direction of the constellations Cygnus, Lyra, and Draco. It found thousands of planet candidates before it ran into difficulties with its stabilization gyros. It now hunts for planets in other areas of the sky, and the Kepler database of confirmed planets contains more than 4,000 worlds. Based on Kepler discoveries, which were aimed mostly at trying to find Earth-size planets, it has been estimated that nearly every Sun-like star in the galaxy (plus many other types of stars) has at least one planet. Kepler also found many other larger planets, often referred to as super Jupiters and Hot Jupiters and Super Neptunes.Ã Beyond Kepler While Kepler has been one of the most productive planet-hunting scopes in history, it will eventually stop working. At that point, other missions will take over, including the Transiting Exoplanet Survey Satellite (TESS), which will be launched in 2018, and the James Webb Space Telescope, which will also head to space in 2018. After that, the Planetary Transits and Oscillations of Stars mission (PLATO), being built by the European Space Agency, will begin its hunt sometime in the 2020s, followed by WFIRST (the Wide Field Infrared Survey Telescope), which will hunt for planets and search for dark matter, beginning sometime in the mid 2020s.Ã Each planet hunting mission, whether from the ground or in space, is crewed by teams of astronomers who are experts at the search for planets. Not only will they look for planets, but eventually, they hope to use their telescopes and spacecraft to get data that will reveal the conditions on those planets. The hope is to look for worlds that, like Earth, could support life.
Friday, May 15, 2020
Under the comprehensive immigration reform legislation passed by the U.S. Senate in June 2013, Registered Provisional Immigrant status would allow immigrants living in the country illegally to remain here without fear of deportation or removal. Immigrants who are in deportation or removal proceedings and are eligible to receive RPI must be given the opportunity to get it, according to the SenateÃ¢â¬â¢s bill. Unauthorized immigrants could apply and receive the RPI status for a six-year period under the proposal, and then have the option to renew it for an additional six years. RPI status would put unauthorized immigrants on the path to green card status and permanent residency, and ultimately U.S. citizenship after 13 years. ItÃ¢â¬â¢s important to remember, however, that the SenateÃ¢â¬â¢s bill is not law but proposed legislation that must also be passed by the U.S. House and then signed by the president. Yet, many lawmakers in both bodies and in both parties believe that some form of RPI status will be included in any final comprehensive immigration reform plan that becomes law. Also, the RPI status is likely to be linked to border security triggers, provisions in the legislation that require the government to meet certain thresholds to thwart illegal immigration before the path to citizenship can open for the countryÃ¢â¬â¢s 11 million unauthorized immigrants. RPI wonÃ¢â¬â¢t take effect until border security is tightened. Here are the eligibility requirements, provisions, and benefits for RPI status in the SenateÃ¢â¬â¢s legislation: The immigrant must have resided in the United States before Dec. 31, 2011, and maintained a continuous presence here.Applicants must pay a $500 penalty fee (except for DREAM Act eligible students, those unauthorized immigrants who were childhood arrivals), as well as paying assessed taxes.Applicants must not have been convicted of an aggravated felony, a felony or three more misdemeanors. Applicants also must not have been convicted of serious offenses under foreign laws.Other violations could also exclude an applicant from receiving RPI: unlawfully voting, or if the government considers the applicant to be inadmissible for criminal, national security, public health or morality reasons.Immigrants with RPI status can work for any employer, travel anywhere within the United States, or leave the United States and re-enter legally.Persons who are living outside the United States who were previously here before Dec. 31, 2011, and were deported for non-criminal reasons can apply to re-ente r the United States in RPI status if they are the spouse, of or parent of a child who is a U.S. citizen or lawful permanent resident; or are Ã¢â¬â¹a childhood arrival who is eligible for the DREAM Act. The application period will run for one year with the possibility of extension by the government for another year.People with removal orders will be permitted to apply as will aliens currently in removal proceedings.The RPI status will last for a six-year term and is renewable if the immigrant does not commit any acts that would be considered deportable. Another $500 penalty fee is applicable at renewal.A person who has been granted RPI status is not eligible for any federal means-tested public benefit (as such term is defined in section 403 of the Personal Responsibility and Work Opportunity Reconciliation Act of 1996 (8 U.S.C. 1613)).A noncitizen granted registered provisional immigrant status shall be considered lawfully present in the United States for all purposes.
Thursday, May 14, 2020
Theodore Huebner Roethke was born in Saginaw, Michigan, the son of Otto Roethke and Helen Huebner. As a student at Saginaws Arthur Hill High School, Roethke demonstrated early promise in a speech on the Junior Red Cross that was published in twenty-six languages. However, the death of his father from cancer in 1923 was a loss that would powerfully shape Roethkes psychic and creative lives. Roethke attitude toward his father Otto was depicted in his widely anthologized work My Papas Waltz written on 1948. Apparently, Roethkes filial anxieties stemmed from the trauma of his fatherÃ¢â¬â¢s death, which interrupted the adolescents successful passage through oedipal rivalry (Garraty and Carnes). Roethkes drive to master his precursors, however, led him to forge significant literary innovations. By reading the poem Ã¢â¬Å"My PapaÃ¢â¬â¢s WaltzÃ¢â¬ by Theodore Roethke, the reader might see either a loving relationship or an abusive relation between father and son. This poem has an intriguing ambiguity that creates different interpretations. There are some words in the poem that depict violence, such as: whiskey, death, romped, battered, scraped, beat, and clinging. The poem ends with a primarily negative texture portraying a drunken father, angry mother, and desperate child who have a desperate hope for some fun in the face of a real fear of violence and disruption (Janssen 44). However, through deeper interpretation, the reader might see a positive side of the poem shows a close relationshipShow MoreRelatedCritical Analysis Of My Papas Waltz By Theodore Roethke911 Words Ã |Ã 4 PagesIs it true that the most renowned people are often the most damaged? In Ã¢â¬Å"My PapaÃ¢â¬â¢s WaltzÃ¢â¬ by Theodore Roethke, this poem reflects his lifeÃ¢â¬â¢s misfortunes while con firming the question. On May 25, 1908 in the quiet town of Saginaw, Michigan, Helen Huebner gave birth to a baby boy, unaware he would grow up to be a distinguished author. However, distinguished or not, Roethke was troubled and battled manic depression throughout the course of his life. He was a brilliant man yet labeled as mentally unstableRead MoreThe Role Of Peer Based Systems On The Natural Sciences And The Arts Essay1544 Words Ã |Ã 7 Pagessciences and the arts. Ultimately I will conclude that while group verification grants strength to concepts in both fields, it is not compulsory for a concept to be considered Ã¢â¬Å"knowledgeÃ¢â¬ . In the natural sciences, group verification is arguably a critical stage that allows for the validation of beliefs as knowledge. Knowledge in this area of knowledge, as a part of the scientific method, undergoes strict and rigorous inspections before it can be accepted by the general populace as understood Ã¢â¬Å"factÃ¢â¬ Read MoreBusiness and Management2600 Words Ã |Ã 11 Pages | | | | | | | | |Reading Literature Closely: Analysis (pp. 120-182) | | | | |Arguing an Interpretation (pp 183-236) | |
History of Statistics Tayeb Daoud Math Class 410-801 Instructor: Dr. Jacob Dasinger Contents 1: Origin 3 3800 BC 3 3000 BC 3 Sumerians 3 Egyptians 3 1491 BC 4 1017 BC 4 Greeks 4 Romans 4 Blaise Pascal Pierre De Fermat 4 Carl Friedrich Gauss 4 Gottfried Achenwall 4 John Graunt 4 Thomas Bayes 4 G. Cardano 4 Tippett Fisher 4 William the Conqueror 4 Francis Galton 4 William Playfair Pioneer of Statistical Graphics 4 2: Statistics and meaning: 5 3- History: 6 4-Conclusion: 9 References 9 1: Origin At the origin the information storage was found for millions years. A number of items were engraved on bones or woods and rocks (about 35000 years in Europe and 60,000 years in Africa: African middle stone age). Moreover, thanks to the French scientist Ã¢â¬Å"Gan Franso ShmelionÃ¢â¬ who broke the symbols of the ancient Egyptian language using Rosetta stone. He discovered a text in two language and three writings, that one of them was hieroglyph that was written inside the temple. During 3000 BC, Egyptian started to measure time through a calendar based on the three natural cycles (the lunar month, the solar day and the solar year). The Hyksos occupation of Egypt (1648-1540 BC) had more statistics calculation and inventions during this time and where the prophet Joseph was the interpreter of the dreams and time and a counter at that time Statistics was first used by Al Kindi, (c. 801Ã¢â¬â873 AD) from Kufa, Baghdad (Iraq, now)Show MoreRelatedHistory And History : History1540 Words Ã |Ã 7 PagesAmrozia Shahram History 1301. P09 Essay History is integral part of our lives and historians play an important role to preserve history. Historians are present in every society. They have been around probably throughout the history of humanity. Their work however has become more methodical and systematic now. Modern day historians spend a lot of time searching for the truth from various sources of past information. 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Ã¢â¬ËDisobedient historyÃ¢â¬â¢ as a new form of history moves away from Leopold Von RankeÃ¢â¬â¢s ideas of history being a rigorous scientific inquiry towards a more diverse and cultured form. Some of these formsRead MoreEssay on History and Memory882 Words Ã |Ã 4 PagesGate 42 Analysis Throughout gate 42, Mark Baker combines both assumed history and a plethora of evocative language techniques to recreate the death of his grandmother, Hinda. From such a technique, one can infer that when history and memory combine, the interplay allows a heightened understanding and perceptive insight into events of the past; specifically the Holocaust. Such a theory becomes evident within the opening of Gate 42, as Baker uses the repetitive symbol of a Jewish poem to draw theRead More The Importance of History Essay992 Words Ã |Ã 4 PagesWhat is history? Should we study history? Who creates history? Is history relevant? The definition of history, is a question which has sparked international debate for centuries between the writers, readers, and the makers of history. It is a vital topic which should be relevant in our lives because it?s important to acknowledge past events that have occurred in our world that deeply influences the present. This essay will discuss what history is, and why we study it. History is the studyRead MoreThe Importance Of The Discipline Of History1842 Words Ã |Ã 8 PagesThe premise of the discipline of History is understood to be the packaged and reconstructed historical past and Historiography is understood to be the way in which we study the writings of this historical past and Leopold von Ranke is credited with implementing the processes that changed historiography in the mid-nineteenth century. For context, in assessing some of the contributions made by Leopold von Ranke to the concept of historiography it is necessary to look at the way in which historiographyRead MoreWhat is History? Essay792 Words Ã |Ã 4 PagesWhat is History? The definition of history, is a question which has sparked international debate for centuries between the writers, readers, and the makers of history. In the words of acclaimed historian Edward Gibbon, History is indeed little more than the register of the crimes, follies and misfortunes of mankind. A more romantic view on the subject was taken by Cicero. He said, History is the witness that testifies the passing of time. It illuminates reality, vitalizes memory, provides
Wednesday, May 6, 2020
My expectations of an AA meeting come from movies and TV shows. I have always thought that the meetings were long Ã¢â¬â at least 2 hours. I also expect there to be a small amount of people at the meeting. I think that the majority of the people at the meeting will be men in there 40s or 50s. At the meeting, I expect everyone to be sitting in a circle. I have always thought that the people at AA meetings do not want to be there. The people will say Ã¢â¬Å"Hi I am ______, and I am an alcoholic.Ã¢â¬ I think that people may or may not share personal information. In addition, IÃ¢â¬â¢m not sure what the ratio of recovering/sober alcoholics to the amount of people still addicted to alcohol. I also think that even though the meeting will not be necessarilyÃ¢â¬ ¦show more contentÃ¢â¬ ¦The site also gave me an option to change the meeting type. There are closed, open, beginner, men only, gay, smoking permitted, wheelchair accessible, young people, women only, etc types of meeting. I chose open meeting. From there, the site gave me over twenty open meeting options that day for the time that I chose. I scrolled down the page until I found three or four options close enough to take public transportation to. I found one meeting right off of the subway called Ã¢â¬Å"Early Night Out.Ã¢â¬ The building that the meeting is held at is called Ã¢â¬Å"The Washington West ProjectÃ¢â¬ located on 1201 Locust St. The meeting took place on the second floor of the building in a small room. The meeting began with the discussion leader reading a passage from a book called Living Sober. The chapter was titled, Ã¢â¬Å"Be good to yourself.Ã¢â¬ After reading the passage, the discussion leader talked about his sobriety and offered some words of wisdom to the group as a whole. He then opened the floor for each person to say whatever he/she wants about his/her journey to recovery. The meeting then was passed from person to person. This part of the hour-long meeting went on for 45 /50 minutes. Each person began their statement/story with Ã¢â¬Å"IÃ¢â¬â¢m __________, and I am an alcoholic.Ã¢â¬ The others then responded, Ã¢â¬Å"Hey/Hi ___________.Ã¢â¬ Some people talked about how they are several years sober. Others were obviously very new to the process. Most of the individuals