Yuan as a Dominant Currency

Yuan as a Dominant Currency This essay expresses my humble opinion on the idea of the displacement of the U.S. dollar by the Chinese currency, Yuan as the dominant currency in the global financial system, the possibilities of it occurring, reasons of why Yuan should displace the U.S dollar which include the benefits of internationalisation of Yuan to the Chinese onshore and offshore companies, foreign companies, global importers, investors, China, and of course to the rest of the world. Although it remains uncertain and questionable, I believe that China could displace the U.S. as the worlds strongest economy, and that the Yuan, Chinese currency may become the world’s global currency, or even replace the U.S. dollar as the dominant currency. It could even happen in our lifetimes. But, it will be a slow and long process that may result in a U.S. dollar decline, not a collapse. Also, I do believe that the Yuan should replace the U.S. dollar as the dominant currency in the global financial system, as the internationalisation of Yuan can bring numerous benefits not only to individuals, but corporations and governments worldwide as well. In the aftermath of the GFC (global financial crisis), the status of the U.S. dollar as the worlds reserve currency has gradually come into question. Heady money printing practices by the Fed of the United States has weakened the value of the U.S. dollar as many countries have considered in diversifying their assets into other currencies in order to diversify their currency risk, causing the reliability of the U.S. dollar to be questionable. The question then remains in which other currency is strong enough to substitute the U.S. dollar as the dominant currency in the global financial system. In spite of the crippling debt and undermine fundamentals in the United States, one of the main reasons why the U.S. dollar still continues to dominate is due to the fact that other countries have their own share of issues as well. And thus, the dollars strength is more relative. But recently, there have been â€Å"rumours† and talks that the Yuan/ Renminbi, the Chinese currency has the ability to supersede U.S. dollar as dominant currency in the global financial system and being the top reserve currency around the globe.   China is currently the world’s biggest manufacturer and exporter as well as its second largest economy according to ChinaDailyhttp://www.chinadaily.com.cn/china/2014-03/02/content_17315230.htm. Yet its currency, Yuan, which is still cautiously managed by the Chinese government, only has a small percentage of market shares which is substantially behind the U.S. dollar, and is hardly being traded on foreign exchange markets. However, the trading volumes are gradually increasing. During the last quarter of year 2013, the Yuan overtook the euro and became the second most used currency in the global trade finance after the U.S. dollar, based on the Society of Worldwide Inter-bank Financial Telecommunication. Since then, it became the 9th most traded international currency around the globe, according to a financial report created by the Bank of International Settlements. Some economists and analysts forecast that the Chinese currency will continue to rise in the next few decades. Al l the signs mentioned above indicate that the Yuan is gaining greater stature to be a more stable and suitable dominant currency. One of the great reasons why the Yuan should replace U.S. dollar as the dominant currency is the stability of Yuan. The steady economy growth of China for the past few years has almost proven its currency, Yuan a steady and safe currency to invest in. People may argue that the euro, yen, British pound could serve as a strong currency that can be the dominant currency as well; however, most of these economies have not been doing great since 2008. This is especially clear in Europe, where a sovereign debt crisis is brewing, and Japan, where a robust recovery from the last two decades has been put on hold by a combination of several incidents like nuclear power disasters, the spill over from the weak European economies and the 2007 U.S. financial crisis. The internationalisation of Yuan will occur before Yuan becomes the dominant currency. Therefore, the benefits of globalised Yuan can be solid arguments in why should Yuan replace the U.S dollar as dominant currency. There are many benefits when Yuan is internationalized. China has started to loosen its control for its financial markets recently and slowly opening up access to the onshore markets. In the year of 2007, the Chinese government started to issue RMB-denominated bonds, notes, and funds, which are named as â€Å"dim-sum bonds† in Hong Kong. Since year 2009, companies located in Mainland China have been able to perform cross-border trade in Yuan. This enables any onshore companies in China to reduce their transaction costs, speed up payments, and ensure for a better management of foreign exchange risks. â€Å"In the longer term, this will and can obtain wider benefits.† says Professor Yeh, associate professor of the Department of Finance at the Chinese University of Hong Kong. For instance, this will enable the companies to lower down the price of their products or services, and pass on the cost savings to the customers. On the other hand, the use of Yuan undoubtedly benefits foreign companies including the U.S. companies as well. Many U.S. companies such as McDonald’s, have taken advantage to issue RMB-denominated bonds in China and Hong Kong to save companies a fortune in terms of interest and transaction costs. Moreover, issuing RMB-denominated bonds is a great way to hedge currency risks as well. Given the slow economy growth in the western countries, holding a RMB-bond can diversify the currency risk imposed by the U.S dollar and euro. RMB- denominated bonds are a good financial instrument for companies to conduct business in China in protecting them from any fluctuations in currency values in the future. More advantage in using Yuan in conducting business with the Chinese is the discounts that Chinese business leaders may provide if a business transaction is deal in Yuan. According to the HSBC’s research, 56 per cent of Chinese business leaders would offer discounts to their trading partners for transactions performed in Yuan for up to three to five per cent. U.S. multinationals with business operations in China can also benefit when they perform transactions in Yuan, as it enables them to centralize their management of foreign exchange. Instead of managing their foreign exchange exposure in China, they could centrally manage it in a regional or global centre in New York, Singapore or even Hong Kong, for instance. Next, China is a top import and export market for many countries around the world including the U.S., according to ChinaDaily USA http://usa.chinadaily.com.cn/epaper/2014-05/08/content_17493372.htm. It was also the biggest recipient of foreign direct investment in the first six months of year 2012, based on HSBC research. According to http://www.cfr.org/china/uneasy-us-chinese-trade-relationship/p10482, the trade between China and the U.S. is healthy. As a matter of fact, 77 per cent of U.S. business leaders claimed that they do import from China and 49 per cent claimed that they have export partners in China, according to a survey performed by HSBC. Since the U.S. has the largest percentage of international trading activities with China, the U.S. could benefit from the use of Yuan in conducting their trading business with China. For the benefits of importers, performing trade activities with the Chinese trading partners in Yuan relates to pricing. When U.S. dollar is accepted as payment in trading transactions, the Chinese companies usually factor in the foreign exchange risk by adjusting their price. By completing the payment in Yuan, the importers stand a better chance to negotiate for a lower price or even obtaining better trade terms. Moreover, invoicing in Yuan helps to increase the supplier base in China importers too, as the Chinese companies appreciate this practice a lot. With a bigger supplier base from which to choose, the importers obtain a bigger bargaining power in negotiating price and terms. On the same hand, a globalised Yuan brings several advantages to international investors as well. International investors could diversify their investment and currency risk by investing into other currency like Yuan, rather than just the U.S. dollar or euro. The modern portfolio theory states that the more unrelated assets you have, the less impact of currency risk will be encountered through diversification (http://www.sec.gov/investor/pubs/assetallocation.htm). Just like any democracy, at least two parties are needed to achieve balance. The same goes to international currencies, with an extra option to invest in, investors could enjoy the diversification advantage. Today, U.S. dollar is the dominant currency; therefore, U.S. domestic fiscal and monetary policy has significant effect outside and inside the United States. If there is more international currency, then there would be more choices and investors will be less susceptible to U.S. policy decisions. While the impact caused by the 2007 global economic crisis did not affect a huge number of Chinese investors, but the fallout has been serious, as values of the savings around the world have plummeted. The 2007 financial crisis has a great impact on the mind-set of international investors, especially, about the safeness of the dollar. National banks, China’s included, have experienced the fall of the value of their foreign currency reserves significantly, as the dollar and euro weakened during the crisis period. Therefore, more choices of international reserve currencies can provide better checks and balances, which are very essential to monetary policy makers around the world, showing the benefits of Yuan being internationalised and as a dominant currency. Furthermore, if Yuan ever became the dominant currency, it would allow China, which holds substantial amount of money reserves, to be less dependent on foreign currency reserves, and therefore less affected by the currency fluctuations. Moreover, a globalised Yuan could bring direct financial benefits to China in the form of seigniorage as well. Seigniorage is the profit made by a government by issuing their currency with the difference between the fair value of the money and the cost of producing it, explained by (investopedia) http://www.investopedia.com/terms/s/seigniorage.asp. So if the fair value of the money is greater than the cost of producing it, the money, then China will enjoy a financial gain. Some economists even estimate this could amount up to USD of 2.5 billion a year. Other than seigniorage, if Yuan became the dominant currency, China could also enjoys further benefits, including prestige, lower borrowing costs for the government, corporations, and households, and a much lower if not zero probability of a debt and financial crisis. The dominance of Yuan would bring obvious benefits to China, which includes a lower risk of capital loss triggered by a depreciation of the U.S. dollar or euro. What about the effects to the Europe, United States, and other countries? Firstly, since the Western economy is not performing well recently, if the benefits from the dominance of the Yuan helps to convince the Chinese to buy more of their debt, it could aid to hold down their borrowing cost, indirectly billing them out from the poor economy. Secondly, with a greater Yuan flexibility, China will worry less about the capital loss on its foreign exchange holdings. As such, China would be more willing to hold on to their fixed exchange rate regime. This could benefits not only to China, but to all the countries that perform trading activities with China as well. During the 2008 GFC, China decided to change back to a fixed exchange rate regime after implementing a semi-floated currency regime for a short couple of years http://www.investopedia.com/articles/forex/08/pegged-vs-floating-currencies.asp. This decision aided the Chinese economy to emerge 2 years later relatively well. Since then, China has been trying to control its economy from growing too fast. If afloating exchange rate regime is used by China, American demand for Chinese goods would definitely force up the exchange rate and inflate the price of the Chinese goods, causing the Chinese goods less desirable eventually http://www.netplaces.com/economics/foreign-exch ange-and-the-balance-of-payments/to-fix-or-float-that-is-the-question.htm. This is undoubtedly important to the Western governments. Thus this should be considered worth facilitating. However, some might believe that the United States would never tolerate the humiliation with its government debt denominated in a foreign currency. But if the U.S. does, it certainly would not be the first country to do so. Most countries denominated their debt in foreign currency whenever they need to make borrowings from the international capital market. Furthermore, history reveals that the U.S. is very pragmatic. History also shows that the U.S. has denominated part of its government debt in foreign currency before, mostly the deutsche mark, a German currency before the adoption of euro, in the 1970s. In any case, everyone has to weigh the benefits and the costs for doing everything. In my opinion, the benefits outweigh the costs in this case. To a certain extent, an international role for the Yuan seems inevitable. How often and widely a currency is used and traded around the globe is generally a function of how significant and important its home country is to the world economy. In the 19th century, while the British Empire reigned supreme, the British currency, Pound was recognised as the top international currency. Ever since World War II, the role of Pound has been substituted by the U.S. dollar, as the U.S. is currently the worlds largest economy. Now that China is catching up rapidly with a stable economy growth that placed itself second after the U.S., the potential of its currency may progress to a point where it substitutes U.S. dollar as a global currency. If the growth continues at its current pace, it is possible that China’s economy could surpass the United States within the next two decades. Therefore, there is a strong reason to believe that Yuan could replace the U.S. dollar and dash into the big lea gue of international currencies. http://www.bloomberg.com/news/2010-08-16/china-economy-passes-japan-s-in-second-quarter-capping-three-decade-rise.html However, the Yuan is still currently far from that league. As a matter of fact, it can hardly be found in the world currency markets. The chief reason is cause by the Chinese policy. The Chinese Government restrictions restrain the Yuan from being traded freely around the globe or being fully convertible into other currencies in almost all financial transactions. The Chinese currency value is pegged to a basket full of currencies which are most probably dominated by the U.S. dollar and is only permitted to adjust each day within an allowed and narrow band. With such limitations, the potential of Yuan cannot progress very far. http://content.time.com/time/world/article/0,8599,1911671,00.html Nevertheless, it is believed that the Yuan could be one of the world’s top currencies and may be able to fully convertible sometime in the future. Therefore, I believe that the Yuan could serve as a potential hedge against the U.S. dollar as the dominant currency to the world. In conclusion there are numerous advantages as for Yuan to be the dominant currency, including the stability of Yuan compared to the U.S. dollar, benefits of globalisation of Yuan to the Chinese companies, foreign companies, international importers, investors, China, Europe, United State and other country around the world. Thus, I do believe that the Yuan should replace the U.S. dollar as the dominant currency in the global financial system.

The Indigo Spell Chapter Eight

I THINK ADRIAN WOULD'VE gone hunting Ms. Terwilliger's sister with me then and there. Amberwood's curfew wouldn't allow it, and besides, it was something I wanted to do in daylight. To his credit, he did heal Marcus without them getting into a fistfight, so that was progress. Marcus lost a little of his animosity and tried to engage Adrian in conversation about what spirit could do. Adrian gave wary responses and looked relieved when Sabrina showed up to take Marcus away. He gave me a mysterious farewell, simply saying he'd text me soon about the â€Å"next stage.† I was too tired to ask for more details and headed back to my dorm to sleep off what had been a pretty crazy day. I was awakened at the crack of dawn by heavy pounding at my door. I squinted at the clock, grimacing when I saw that it was an hour earlier than I usually got up. I stayed in bed, hoping whoever it was would go away. If there was something really urgent happening, someone would've called me on my cell phone. The display showed no missed calls, however. Unfortunately, the knocking didn't stop. With a feeling of dread, I finally dragged myself up, half-afraid of what I'd find outside my door. It was Angeline. â€Å"Finally,† she said, inviting herself into my room. â€Å"I thought you'd never answer.† â€Å"Sorry,† I said, shutting the door behind her. â€Å"I was busy sleeping.† She walked right up to my bed and sat down like she owned it. I really didn't know her schedule, but she always struck me as a late riser. Apparently not today. She was dressed in a school uniform, with her brilliant red hair pulled back in what was, for her, a rather tidy ponytail. â€Å"I have a problem,† she said. My feeling of dread grew. I turned on my coffeemaker, which I always had ready with fresh grounds and water. Something told me I was going to need a cup to get through this. â€Å"What's going on?† I asked, settling into my desk chair. I made no attempt at even guessing. When it came to Angeline, her problems could range from throwing a desk in rage or accidentally spilling hydrochloric acid on another student. Both had happened recently. â€Å"I'm failing math,† she said. This was unwelcome but not unexpected news. Angeline's mountain community, while still educating its children, didn't quite match the standards of Amberwood's elite curriculum. She struggled in a number of her classes but had managed to scrape by so far. â€Å"I'm already in trouble in my Spanish class,† she added. â€Å"But that pinata I made got me some extra credit, so I'm hanging in there okay for now.† I'd heard about the pinata. It had been for her class's cultural day, and she'd been so thorough with her papier-mache that none of her classmates had been able to open it through normal means. Angeline had ended up beating it against a wall and had to be stopped by her teacher when she'd produced a lighter. â€Å"But if I slip there and in math, I could get expelled.† That dragged me away from the flammable pinata and back to the present. â€Å"Ugh,† I said, having no better way to articulate my thoughts. The problem with a school that had high standards was . . . well, it had high standards. Trouble in one class might be tolerated, but not two. And if Angeline got kicked out, we'd be down one level of security for Jill – not to mention the fact that I'd probably get blamed for it all. â€Å"Ms. Hayward told me I need to get a tutor. She says I either need to get better or at least show I'm trying.† That was promising, I supposed. Even if a tutor couldn't help, hopefully the school would be lenient with her good faith effort. â€Å"Okay,† I said. â€Å"We'll get you a tutor.† She frowned. â€Å"Why can't you do it? You're smart. You're good at math.† Why couldn't I? Well, first I had to stop an evil sorceress from sucking the youth and power from innocent girls. Then I had to crack the secrets and lies that the organization I'd been born into was telling me. Instead I said, â€Å"I'm busy.† â€Å"You have to do it. It'd be easy for you,† she protested. â€Å"Really busy,† I said. â€Å"I'm surprised Eddie can't do it.† His name brought a smile to her face. â€Å"He offered, but his grades are just average. I need someone really good.† â€Å"Then I'll get you someone really good. I just can't do it myself right now.† Angeline didn't like that answer, but at least she didn't flip over my desk. â€Å"Okay. Fine. Just hurry up.† â€Å"Yes, your majesty,† I muttered, watching her strut out of my room in a huff. At least Angeline's academic problems were something a little easier to deal with than the other supernatural intrigues occupying my time. Since I was already awake and had coffee, I decided there was no point in going back to sleep. I showered and dressed, then caught up on some extra homework while I waited for breakfast. When the serving time started in our cafeteria, I headed downstairs and lingered near the entrance. It only took about five minutes before my friend Kristin Sawyer came by. She always went running before class started and was usually one of the first in line for breakfast afterward. She was also in AP calculus with me. â€Å"Hey,† I said, falling in step with her. â€Å"Good run?† â€Å"Great run,† she said. There was still a little sweat on her dark skin. â€Å"A lot nicer now that the weather's cooler.† She eyed me curiously. â€Å"I don't usually see you here this early. I don't usually see you eat breakfast.† â€Å"It's the most important meal of the day, right?† I selected oatmeal and an apple. â€Å"Besides, I have a favor to ask you.† Kristin nearly dropped the plate of scrambled eggs one of the servers handed to her. Her brown eyes widened. â€Å"You have a favor to ask me?† While I wasn't responsible for my human friends in the same way I was the Moroi and dhampirs, I still had a tendency to look after them. I'd helped Kristin a number of times. â€Å"Yeah . . . my cousin Angeline needs a math tutor.† There was an expectant look on Kristin's face, like she was waiting for me to finish my story. Then understanding hit. â€Å"Who, me? No. No way.† â€Å"Oh, come on. It'd be easy.† I followed her to a table, having to hurry to catch up. I think she thought that if she walked quickly enough, she might be able to escape my request. â€Å"She's in remedial math. You could tutor her in your sleep.† Kristin sat down and gave me a long, level look. â€Å"Sydney, I saw your cousin punch a grown man and throw a speaker at someone. Do you really think I'm going to sign on for a job that makes her do work she doesn't want to do? What if she gets frustrated at what I'm telling her? How do I know she won't stab me with a compass?† â€Å"You don't,† I admitted. â€Å"But I think it's unlikely. Probably. She really wants to improve her grade. Otherwise, she could get kicked out.† â€Å"Sorry.† Kristin actually did look legitimately apologetic. â€Å"You know I'd do almost anything for you – but not this. You're going to have to find someone who's not afraid of her.† I thought about her words over and over as I headed off to history class. She was right. But the only people completely at ease around her were Eddie and Jill, and they were off the list as tutors. I wondered if maybe I should offer up money to someone when I went to calculus later. â€Å"Miss Melbourne.† Ms. Terwilliger was back in her classroom, no doubt to the relief of yesterday's sub. She waved me up to her messy desk and handed me a single sheet of paper. â€Å"Here's the list we discussed.† I scanned it. It contained the names of six girls as well as their addresses. These must be the ones she'd mentioned, girls with known magical aptitude but no coven or teacher to look out for them. All the addresses were in the Los Angeles metropolitan area. â€Å"I trust Mrs. Santos got you the other information you needed for your project?† â€Å"Yes.† Mrs. Santos had emailed me the historical neighborhoods she knew about, and I'd narrowed them down to a couple likely candidates. â€Å"I'll start working on the, uh, project this weekend.† Ms. Terwilliger arched an eyebrow. â€Å"Why are you putting it off? I've never known you to procrastinate on an assignment.† I was a little startled. â€Å"Well . . . normally I don't, ma'am. But this is going to take some extra time – travel time – and I don't have enough of it on school days.† â€Å"Ah,† she said, realization hitting her. â€Å"Well, then, you may use your independent study for it. That'll give you extra time. And I'll tell Mrs. Weathers you may be coming in after curfew. I'll make sure that she's accommodating. This project is of the utmost importance.† There was no protest I could make. â€Å"I'll start today, then.† As I was walking back to my desk, a voice said, â€Å"Jeez, Melbourne. Just when I thought that independent study you had with her couldn't get any easier . . . now you don't even have to show up for class?† I paused to give Trey a smile. He was Ms. Terwilliger's assistant during this class period, meaning he did a lot of filing and photocopying. â€Å"It's a very important assignment,† I said. â€Å"I guess. What is it?† â€Å"It'd bore you.† I did a double take as I looked him over. I didn't even have to grope for a change in conversation. â€Å"What happened to you?† His eyes were bloodshot, and the unkempt state of his black hair suggested he hadn't had a shower this morning. There was a sallow, almost sickly hue to his normally tan skin. He gave me a weak smile and lowered his voice. â€Å"Craig Lo's brother scored us some beer last night. It was from some microbrewery I guess that's good.† I groaned. â€Å"Trey, I thought you were better than that.† Trey managed as much of an indignant look as he could in his hungover state. â€Å"Hey, some of us like to have a little fun now and then. You should give it a shot sometime. I already tried to help you with Brayden, but you messed that up.† â€Å"I didn't mess anything up!† Brayden was a barista who worked with Trey, one who rivaled me when it came to a love of academia and random knowledge. Our brief relationship had been full of facts and low on passion. â€Å"He broke up with me.† â€Å"You wouldn't guess it. Did you know he writes all this lovesick poetry about you on his breaks?† I was taken aback. â€Å"He . . . he does?† The reason Brayden had broken up with me was because my various duties to my vampire family had constantly interfered with the two of us, forcing me to neglect him and cancel a lot. â€Å"I feel kind of bad he took it that hard. I'm surprised he'd have such a, I don't know, outburst of passion.† Trey snorted. â€Å"I don't know that it's that passionate. He's more concerned about form and sits around with books detailing iambic pentameter and sonnet analysis.† â€Å"Okay, that sounds more like him.† The bell was about to ring, so I had started to return to my seat when I noticed something on Trey's desk. â€Å"You're not done with that?† It was a big homework assignment we had for our chemistry class, involving a number of complicated acid and base problems. It was due in our next period, and it seemed unlikely Trey would finish in time since all he had on the paper so far was his name. â€Å"Yeah . . . I was going to finish it last night, but . . .† â€Å"Right. The beer. Having fun.† I didn't even bother to hide my disapproval. â€Å"That's a huge part of our grade.† â€Å"I know, I know.† He looked down at the papers with a sigh. â€Å"I'll finish as much as I can before then. Partial credit's better than no credit.† I studied him for a moment and then made a decision that went against many of my basic principles. I reached into my messenger bag and handed him my completed homework. â€Å"Here,† I said. He took the pages with a frown. â€Å"Here what?† â€Å"It's the assignment. Use my answers.† â€Å"I. . . .† His jaw dropped. â€Å"Do you know what you're doing?† â€Å"Yes.† â€Å"I don't think you do. You're giving me your homework.† â€Å"Yes.† â€Å"And telling me to pass it off as my homework.† â€Å"Yes.† â€Å"But I didn't actually do the work.† â€Å"Do you want them or not?† I asked in frustration. I started to take the papers back, but he pulled them close. â€Å"Oh, I want them,† he said. â€Å"I just want to know what you want in return. Because this doesn't really make up for getting me ostracized from my family and friends.† He kept his tone light, but I heard the edge of bitterness. There it was. No matter how friendly he and I were, our respective allegiances to the Warriors and the Alchemists would always be between us. Maybe it was a joke now . . . but someday it wouldn't be. â€Å"I need a favor,† I explained. â€Å"A small one, really. Has nothing to do with any of that . . . stuff.† Trey looked understandably wary. â€Å"Which is?† The bell rang, so I spoke quickly. â€Å"Angeline needs a math tutor or else she'll fail. And if she fails, she'll get kicked out of school. It wouldn't be hard for you at all. And it'd look good on your college applications.† â€Å"Your cousin's a little unstable,† he said. But he didn't say no, so I thought that was a good sign. â€Å"You used to think she was hot,† I reminded him. â€Å"Yeah, that was before. . . .† He didn't finish, but I knew. Before he found out she was a dhampir. The Warriors had the same taboos the Alchemists did about relationships between the races. â€Å"Okay,† I said. â€Å"I understand. I'll just take my homework and go.† I held out my hand, but he didn't give the papers back. â€Å"Wait, I'll do it. But if she injures me, I hope you'll feel really bad. Basketball season just started, and the team will fall apart if I'm sidelined because of her.† I grinned. â€Å"I'll be devastated.† Angeline was not so thrilled when I told her at lunch. She flushed with rage and looked like she was about ready to throw her tray across the cafeteria. â€Å"You expect me to work with that . . . that . . . vampire hunter?† she demanded. I wondered if she'd had another name in mind but had held back in some remarkable show of restraint. â€Å"Especially after what they tried to do to Sonya?† â€Å"Trey's not like the rest of them,† I said defensively. â€Å"He refused to kill her and even went through the trouble of getting me in to help her – which ended up severely messing up his life, I might add.† Eddie looked amused, despite the grim subject. â€Å"You should also add that he wants very, very badly to get back to that old life.† I pointed at Eddie with my fork. â€Å"Don't tell me you think Trey's a bad choice too.† â€Å"For tutoring?† He shook his head. â€Å"Nah, he's fine. I'm just saying you shouldn't be so quick to assume everything's happy and bright with him. It seems pretty likely his group's working against us.† â€Å"He's my friend,† I said, hoping my firm tone would put an end to the discussion. After a few more assurances, Eddie convinced Angeline to work with Trey, reminding her she needed to keep her grades up. Still, Eddie's words haunted me. I believed absolutely that Trey was my friend but again wondered when that rift between us would rear its ugly head. When Eddie and Angeline left to go to their afternoon classes, I asked Jill to hang back at the table for a minute. â€Å"What's Adrian doing right now?† â€Å"He's in his painting class,† she said promptly. â€Å"The bond must be running strong today, huh?† I asked. Sometimes her view of his mind and experiences was clearer than others. She shrugged. â€Å"No, but it's eleven on Tuesday.† â€Å"Right,† I said, feeling foolish. I knew everyone's schedules; it was necessary for my job. â€Å"I should've realized that. Do you think he'd be able to meet up with me after school?† â€Å"To go on that witch hunt? Yeah, he'd probably leave right now.† Jill knew what Adrian knew, so she'd also been briefed about my search for Veronica. While I'd learned to accept Jill's knowledge as part of confiding in Adrian, it was still a little shocking for me to hear these forbidden topics discussed openly. Seeing my stunned reaction, Jill smiled a little. â€Å"Don't worry,† she said. â€Å"I keep Adrian's secrets. And yours.† The bitterness in her voice also caught me off guard. â€Å"Are you mad at me?† I asked, puzzled. â€Å"You're not . . . you're not still upset about what happened between Adrian and me, are you? I thought you'd eased up on that.† Although Adrian's proclamation of loving me against the odds had been unsettling, his more relaxed attitude had come through in her until now. â€Å"Adrian has,† she said. â€Å"He doesn't see the danger of you running around with another guy.† I was lost. â€Å"Another guy? You don't mean . . . Marcus? That's crazy.† â€Å"Is it?† asked Jill. The bond was so strange at times. Jill was jealous on Adrian's behalf. â€Å"He's human, you're human. You've both got this rebel Alchemist thing going on. And I saw him. He's pretty cute. There's no telling what could happen.† â€Å"Well, I know what could happen: nothing,† I said. Even through a psychic bond, Marcus could win over girls. â€Å"I just met him. I don't even know if I can entirely trust him, and I certainly don't have any feelings for him. Look, I get that you want to help Adrian, but you can't be mad at me about what happened. You know why I turned him down – especially after Micah.† Micah was Eddie's human roommate, and even though she knew human-vampire relationships couldn't get serious, she'd still been surprised at just how complex and difficult the situation had been. â€Å"Yeah. . . .† She frowned, no doubt conflicted over Adrian's feelings and what she knew was true. â€Å"But maybe with Adrian, I don't know. Maybe things could be different. Or maybe there's at least a way to make them less painful for him.† I looked away, unable to meet her eyes. I didn't like to think of Adrian in pain, but what else could I do? What did either of them expect me to do? We all knew the rules. â€Å"I'm sorry,† I said, picking up my tray and standing. â€Å"I never asked for any of this. Adrian will get over me.† â€Å"Do you really want him to get over you?† she asked. â€Å"What? Why would you even ask something like that?† She didn't answer and instead made a great show of stirring around her mashed potatoes. When I realized she wasn't going to elaborate, I shook my head and walked off toward the exit. All the while, I could feel her watching me as that question echoed in my mind: Do you really want him to get over you?

The Importance of Comparison Essay Samples

The Importance of Comparison Essay Samples Before you begin your comparison paper, the most essential consideration to think about is the foundation for comparison. The very first thing you ought to do is identify the sort of compare and contrast essay which you are handling. If you just want to compare two ideas, then, briefly contrast them in the debut, before proceeding with the remainder of the text. The foundation for comparison is going to be the figure of the gentleman. Key Pieces of Comparison Essay Samples You may also acquire a variety of discounts on our site which will help you to save some more money for future orders or anything you want to spend them on. Whatever you can imagine, write about doing it. Because essays should be fun and simple to read. Moreover, these essays enable students develop critical thinking skills to approach a selection of topics. 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Malcolm X And His Childhood - 1828 Words

Malcolm Little commonly known as Malcolm X was born in Omaha Nebraska. Malcolm’s trouble has started before then even while he was in the womb of his mother. Clansman would often circle his house in search of his father who was a preacher who talked about the evils of the clansmen and wished for a day when African Americans will return to the ancestral homelands in Africa. In chapter 1 of the Malcolm X book I will describe his childhood has rough he seen his father killed been relocated to 4 or 5 different houses and at the end of it all his mother was killed. Malcolm little commonly known as Malcolm X have been through a lot in his upbringing. He was separated from his seven siblings and put into foster care Change would be one word to describe his childhood as he was in and out of schools and by the age of 13 he was in a reform school. The book takes a major shift when he heads out to Boston with his sister Ella. From here he tours the town and find other African Americans who are just like him. One in particular by the name of shorty becomes one of his closest friends. He introduces them to the locals and takes Malcolm under his wing. One thing in particular that Malcolm falls in love with is the Roseland Ballroom. With the help of shorty he gets a job as a shoe polisher. While doing this he falls in love with a new dance called the Lindy Hop. This ultimately leads to him quitting from shoe polishing in a short time because he cannot do both. However he only works thereShow MoreRelatedMalcolm X : Racism And Oppression1549 Words   |  7 Pageshuman. In The Autobiography of Malcolm X As Told to Alex Haley, the author explores racism and subhuman treatment of American blacks in the mid-twentieth century. He uses personal and historical anecdotes to appeal to the strong emotions surrounding issues of racism. Because of his experiences as a black child in America, Malcolm X is able to illustrate many hardships the reader can only imagine. Using an appea l to pathos to evoke sympathy and indignation, Malcolm X argues that a person’s humanityRead MoreMalcolm X: Leader and Mover Essay1000 Words   |  4 Pageshouse of peace!† These were Malcolm X’s last words before he was assassinated. His childhood was a stressful start and his life ended in a tragedy. Malcolm Little was destined to become great, inspirational, a leader. He was a very smart kid, inspired others to be like him. Most will probably remember him as a threat, a criminal, and an outlaw; but when you observe the bright side of his life, his greatness tends to shine. Even though Malcolm X had a very difficult childhood, he deeply contributed toRead MoreMartin Luther King J. And Malcolm X Essay1103 Words   |  5 PagesLuther King Jr. and Malcolm X. They were both influential leaders of the civil rights movement who strove for a common goal, which was to create equality for African Americans. Although Martin Luther King Jr. and Malcolm X were both autho ritative figures in the African-American civil rights movement, they differed significantly in their social backgrounds, religious beliefs, and ideologies, which affected their philosophies. The differences in Martin Luther King Jr. and Malcolm X’s family backgroundsRead MoreMartin Luther King Jr. vs. Malcolm X997 Words   |  4 PagesMartin Luther King Jr. vs. Malcolm X Martin Luther King Jr. and Malcolm X both fought for the same goal, but had different ways of achieving this goal. They both fought against civil rights and were leaders in the civil rights movement. The way they were brought up is a good explanation for their differences; King was brought up in a wealthy family, while X was raised in the ghetto to a poor family. Both fought against unfair laws, Social Discrimination, and Racial segregation, but theyRead MoreMartin Luther King Jr. and Malcolm X: Icons for the Civil Rights Movement947 Words   |  4 PagesMartin Luther King Jr. and Malcolm X were two individuals who not only helped the African-American plight during the Civil Rights Movement, but served as icons to the history of their race. Martin Luther King Jr. and Malcolm X grew up in very different environments. King Jr. came from a middle class family where education was a significant value in his home life. Malcolm X, on the other hand, was raised in a foster home after his father’s murder and his mom was put into a mental institution. He wasRead MoreEssay on MLK and Malcolm X1279 Words   |  6 Pages Martin Luther King, Jr. and Malcolm X were very influential civil rights advocates during the nineteen-fifties and nineteen-sixties, and continue to have an influence on people today. However, Martin Luther King, Jr. and Malcolm X have quite different legacies, of which are based on quite different philosophies and tactics. To understand why Dr. King and Malcolm X had drastically different thoughts and approaches to civil rights in the United States, their lives must also be looked at — as theirRead MoreMalcolm X: His Footsteps to Becoming a Hero Essay1678 Words   |  7 Pages Malcolm X was one of the most prominent civi right activists at the time. He preached Black Nationalism, where blacks separates themselves from the whites completely. He is often known as the intellectual, charismatic hero. Although, he was not always that fai thful. He was a thug. A hustler. He committed crimes. How did a hoodlum, became a historical figure of Malcolm X? There was many events in his life that changed him, and shaped him to be that somebody. If we trace back his footsteps, his lifeRead MoreAutobiography Of Malcolm X1614 Words   |  7 PagesAutobiography of Malcolm X as told to Alex Haley is an account of Malcolm X’s evolving perspective on racial justice. Malcolm X was a prominent figure in the Nation of Islam who advocated for black nationalism and separatism. The man who became one of America’s most powerful voices for African Americans was deeply affected by the terrors of racism, which shaped his view of social justice and the condemnation of the white man. The way Malcolm X narrates his experiences changes as his views on race changeRead MoreThe Montgomery Boycott And Martin Luther King And The Civil Rights Movement1019 Words   |  5 Pagesby African advocate, Martin Luther king Jr. King led his peo ple in the Civil Rights Movement, the Montgomery Bus Boycott and the Washington March using passive protests. In 1964, King was awarded the Nobel Peace Prize and died in 1968. Another African-American leader was Malcolm X, who was also an activist in the Civil Rights Movement. When Malcolm was young, he lost his father for being an organizer for Marcus Garvey. During his teenage years, X was arrested for a 10 year sentence. While in jail,Read MoreThe Differing Methods And Aims Of Malcolm X And Martin Luther King602 Words   |  3 PagesThe Differing Methods And Aims Of Malcolm X And Martin Luther King The methods of Malcolm X and martin Luther King were very different but they shared the same basic aim, to improve the lives of black Americans. Possibly these differences in both aims and methods comes from the differences in the way they were raised, Malcolm X was born Marcus Little in Omah, Nebr. Malcolm Xs father was a follower of Marcus Garvey (Garvey believed that Black Americans should go back to