Enrollment system Essay Example for Free

Enrollment system Essay Welcome! The following terms serve as a contract that governs your use of our family of websites, applications and services (the â€Å"Service†). BY SIGNING UP, OR ACCESSING OR USING THE SERVICE, YOU SIGNIFY THAT YOU AGREE TO THESE TERMS (AGREEMENT OR TERMS) AND TO RESOLVE ANY DISPUTE BY ARBITRATION. 1. Summary of Terms These Terms have the same force and effect as an Agreement signed in writing. If you do not agree to these Terms, you may not use the Service. Each time you access, upload, or download any content from the Service, you signify your agreement to the then-current terms. This Agreement is subject to change at any time; therefore, you are responsible to review these Terms regularly to learn about any changes. We will post an updated version of these Terms if we modify them. You understand and agree that your ongoing use of the Service after we post or provide notice of the changes to this Agreement means that you accept and confirm that the updated Terms apply to you. The laws of the State of California govern this Agreement. You agree to resolve any dispute with us as provided in the Dispute Resolution Procedures described in Sections 21 and 22 below, which include arbitration and the options you have with arbitration. We use the term You to mean the person or entity who will access or use the Service as an end user. The term Login means the combination of unique username and password that is used to access our Service. A login is a license to use a site, application or service for a period of time that is specified. Membership or Members means a single registration and/or subscription account per user of a valid username and password (login) for the service during the term of a subscription. We or us in this Agreement shall mean: its brands, affiliates, subsidiaries and operating divisions.

Impact of Taxation on Dividends

Impact of Taxation on Dividends Abstract: This research paper attempts to analyze the different tax systems and their impact on the dividend distributions. It is explained that the dividend payout is monotonically distributed across tax regimes as the firms in double taxation (classical) system have significantly lower payouts than companies in the partial-imputation system, while companies in the full imputation system pay the highest payouts. Our results hold when the other fundamental determinants of dividends are held through Lintnerà ¢Ã¢â€š ¬Ã¢â€ž ¢s model and the actual payout ratio. Overall, it is reported that the type of dividend tax system affect the dividend payout. Introduction: The tax burden on dividends depends on corporate and personal income tax systems. In a classical system, the total tax is the sum of the corporation tax, the effective capital gains tax and the tax on dividends. Typically the tax on dividends exceeds the gains tax creating an incentive to reduce dividends. In an imputation system on the other hand, the total tax is given by the corporation tax plus the effective gains tax plus the reduced dividend tax. If the reduction in the tax on dividend is large enough to make reduced tax dividend lower than the effective capital gains tax, an incentive to increase dividends is created. Understanding the impact of taxes on dividend policy is important for both academicians and practitioners. From academic perspective, the relevance of taxation will highlight the extent to which companies consider the after tax return of their shareholders and how any tax reform will affect the firmà ¢Ã¢â€š ¬Ã¢â€ž ¢s dividend payouts. For practitioners, knowing how taxation affects dividends is also of considerable interest. Since shareholders are taxed differently, if stock prices reflect the tax status of one particular group of investors, other groups can take advantage of these differences by, namely trading around the ex-dividend dates to capture/avoid dividends. Moreover, understanding the impact of dividend taxation will be important for fund managers and analysts as changes in tax codes could affect the net returns and the relative pricing of securities. Most countries around the world adopt different systems of taxing dividends. Some follow a classical tax system where corporate income is treated differently from personal income in terms of statutory tax rate and deduction rules, others use some level of integration between corporate and personal income. The important distinction between these two different systems is the taxation of dividends. Countries that follow the classical system separate shareholders income from the income of their corporations. As a result the same unit of earning in the company is taxed twice when it is paid as dividend: first at the corporate level and then at the personal level; a disadvantage known as à ¢Ã¢â€š ¬Ã…“double taxationà ¢Ã¢â€š ¬?. In contrast, countries that follow a more integrated system usually have a full or partial relieve from dividend tax in consideration of the fact that the same unit of earning has been taxed at the corporate level. In Pakistan, the system of double taxation (cla ssical system) is implemented i.e. the dividends are taxed on corporate level and then the same unit of earning is taxed at shareholder level. Background More than forty years ago, Miller and Modigliani (1961) showed that, after some assumptions, such as complete and perfect capital markets, a firmà ¢Ã¢â€š ¬Ã¢â€ž ¢s dividend policy does not affect its value. While this theory has highlighted the five main factors that could affect dividends, namely signalling, agency costs, behavioral (catering and mental accounting) and taxation, the empirical evidence provided to-date on such effects is mixed, (Allen and Michaely (2006) and Graham (2003). In particular, while in theory taxation is expected to prevent companies from paying dividends, most previous empirical studies have shown that taxation plays a minor role in dividend decision (e.g. Brav et al., (2005), Fama and French (2001), Julio and Ikenberry (2005). Therefore it is not clear why companies still pay dividends despite their heavy tax burden. In this paper, the dividend tax systems is analyzed and test the hypotheses that, in countries where the tax burden on dividends is high, companies pay low dividends. Although dividends may have a tax disadvantage, previous studies show that shareholders react positively to dividend increases and negatively to dividend decreases (e.g. Michealy, Thaley and Womack (1995). Long (1978) provides evidence that in dual class shares, investors favor cash dividend over stock dividend stocks. The tax disadvantage of dividends and yet their popularity challenges the traditional policy of payout policy. Blackà ¢Ã¢â€š ¬Ã¢â€ž ¢s (1976) dividend puzzle discusses the weaknesses of the finance theory in answering the simple question, why firms subject to a classical tax system to pay dividends? Some studies explain dividends away from taxes. For example Lintner (1956) in his classical study, shows that firms adopt a subjective target payout policy by decreasing dividends very slowly and hardly ever cut them. Models based on information asymmetry suggest that dividend changes provide information about the firmà ¢Ã¢â€š ¬Ã¢â€ž ¢s future cash flows (Bhattacharya (19 79) and Miller and Rock (1985) or about the firmà ¢Ã¢â€š ¬Ã¢â€ž ¢s cost of capital and/or maturity stage (Grullon, Michaely and Swaminathon (2002), Grullon and Michaely (2000). From the agency theory perspective, dividends provide a disciplining tool to reduce agency costs (Easterbrook (1984) and Jensen (1986). Behavioral finance theory suggests that dividends are paid in part to accommodate certain biases in individuals such as market sentiment (Baker and Wurgler (2004) or self control, mental accounting and regret avoidance (Shefrin and Statman (1984). Taxation moel suggests that if dividends are taxed at a higher rate than capital gains, firms should prefer to retain earnings or buy back shares (e.g. Auerbach (1979), Bradford (1981) , Auerbach and Hasset (2003), Lasfer (1996). Literature Review: To assess the impact of dividend tax on investment and financial policy of the firm, the literature has followed three basic approaches. The first approach is to examine the relation between the risk-adjusted pretax rate of return and dividend yield. If dividend tax is relevant and if dividends are taxed at a higher rate than capital gain, than pretax return should increase in proportion to dividend yield to compensate for dividend tax disadvantage. Black and Scholes (1974), Gordon and Bradford (1980), and Miller and Scholes (1982) did not find evidence that the tax differential between dividends and capital gain have an impact on pretax returns, while Lintzenburger and Ramaswamy (1979) find evidence to the contrary. The second approach is to examine the ex-dividend behavior of stock prices. Absent dividend tax, the value of a stock should fall by the full amount of the dividend on the ex-dividend day. Elton and Gruber (1970) provide evidence that US stock prices fall by less than th e full amount of the dividends on the ex-dividend day. Poterba and Summers (1985) and Lasfer (1996) show similar results. Other studies did not find evidence that the tax differential between dividends and capital gains have an impact on the ex-dividend behavior, for example, Hearth and Rimbey (1993), Lakonishok and Vermaelen (1983). The third approach is to employ event study analysis. Changes in tax laws provide a natural experiment for investigating the impact of dividend tax on investment and financial decision. Poterba and Summers (1985) show that higher dividend tax is associated with lower investment and dividends. Poterba (2004) study shows that the tax disadvantage relative to capital gains has a negative effect on dividend payment. Blouin et al. (2004) study the impact of the 2003 tax reduction in the US and find dramatic increase in the regular dividends and the special dividends after enactment and a decline in the share repurchases. Chetty and Saez (2004) report on incr ease in the fraction of dividend payers following the 2003 dividend tax reduction. In Pakistan the system of double taxation is implemented on dividends, its comparison with countries implying other system of taxations is studied. Objectives: The objectives of this research paper are to find out the impact of taxation on dividend policy and its impact on the financial and investment decision of the firms. Research Question: Is the dividend payout ratio of firms in full or partial integration system higher than the dividend payout ratio of firms in double taxation system? Theoretical Framework: Dividend Payout Taxation (Independent Variable) (Independent Variable) (Dependent Variable) Hypotheses: H1: Dividend payout ratio is higher in full and partial integration systems than in classical system of taxation. H2: Dividend payout ratio is NOT higher in full and partial integration systems than in classical system of taxation. Hypotheses Testing: Unlike the full integration system, the classical system carries with it a disadvantage of double taxation. If tax on dividends has an impact on the financial policy of the firm, then firms in classical system will lower or avoid dividends as much as they can, while firms in full integration systems will not have to lower their dividends. Thus the hypothesis H1 is expected to be true. System No. of Firm Observations Net Tax Rate on Dividend (%)* Payout Ratio =DPS/EPS* Classical System 18 50% 0.32 Partial 15 42% 0.45 Full 17 35% 0.47 * = Subject to 10% level of significance Research Methodology: Population: Population includes observations that have been collected randomly from firms in 6 countries representing all the three types of taxation systems. Sample: It includes 50 observations, i.e. data has been collected randomly from 50 firms representing all the three taxation systems. Sources of Data Collection: The annual OECD tax database Corporate and Individual Taxes, A Worldwide Summary, Price Waterhouse Conclusions: The dividend payout policy of companies was analyzed that applies different tax systems with regard to dividends. It is found that companies located in countries that apply double taxation system (classical tax system) to have less dividend payout than do companies located in countries that try to partially avoid double taxation. In general, tax effect measured by the type of dividend tax treatment has a strong effect on the size of dividend payout.

Two Major Unions in America Essay -- History Job Labor Work Unions Ess

Two Major Unions in America Unions in America were created to improve the working conditions of its labor force. These labor force consisted of the men, women, and children that were employed by the owners of industry. Many unions were established in the early 1800s, but due to the widespread fear of socialism and the repression from the courts, the majority of them eventually failed. Most capitalist, at the time, felt there was no need to share with its employees the profits of their businesses (Murrin et al. 2002:685-702). Management, for the most part, paid little attention to salary and provided few, if any, safety measures and health protection for the people actually doing the work. Employees worked long hours weekly, often twelve or more daily. These abuses and corruptions by owners towards the working-class were some of the reasons why the U.S. Department of Labor, the Industrial Workers of the World, and the American Federation of Labor came into existence. John D. Rockefeller and J.P. Morgan, to name a few, started their fortunes during the 1800s. The methods used by these men to get rich stirred people to refer to them as â€Å"robber barons.† Rockefeller formed Standard Oil after buying several oil refineries with the enormous profits he made during the Civil War. Similarly, J.P. Morgan had his hand in creating several of the major industries of the day, which included investment banking, General Electric, and International Harvester (Murrin et al. 2002:685-686). The successes these men experienced were usually attained at the expense of the common laborer. With their wealth and influence, even the anti-trust government laws of the time that were supposed to dissolve monopolies, were used as weapons agai... ...ions. New York: Henry Holt and Company, 1914: BoondocksNet Edition, 2001. Retrieved April 9, 2003 http://www.boondocksnet.com/editions/marot/ Murrin, John M., Paul E. Johnson, James M. McPherson, Gary Gerstle, Emily S. Rosenberg, and Norman L. Rosenberg. 2002. â€Å"An Industrial Society.† Pp. 685-686, 701-702, 704 in Liberty Equality Power. Harcourt College Publishers, 6277 Sea Harbor Drive, Orlando, FL. Summary of the Major Laws of the Department of Labor.† U.S. Department of Labor. 9 Apr. 2003. Retrieved April 9, 2003 http://www.dol.gov/opa/aboutdol/Lawsprog.htm This is the AFL-CIO. 2003. Retrieved April 9, 2003 http://www.aflcio.org/aboutaflcio/about/thisis/index.cfm â€Å"Who was Samuel Gompers, Anyway?† Samuel Gompers Papers Project. 2003. Retrieved April 9, 2003 http://www.inform.umd.edu/EdRes/colleges/ARHU/Depts/History/Gompers/page6.html

Conrads Intent In Heart Of Darkness :: essays research papers

Distilling the Darkness   Ã‚  Ã‚  Ã‚  Ã‚  In analysis of Heart of Darkness, much is made of Conrad’s intentions in telling his tale. People search for a moral lesson, a strict social commentary, an absolution for the evil of the dark jungle. It isn’t there, and that’s not the point.   Ã‚  Ã‚  Ã‚  Ã‚  In works of philosophy (like The Republic), or works of political theory (like Socialism: Utopian and Scientific), or works of natural science (like The Origin of Species), this sifting of important and clear ideas from the mess and confusion of experience is what writers like Plato, Darwin, or Engels are doing. They experience the world in all its messy confusion, and then they attempt to abstract from the mess, by careful selection, a system of ordering principles which other people can comprehend and make use of. In more figurative words, they are trying to shed the light of intelligence upon the darkness of experience.   Ã‚  Ã‚  Ã‚  Ã‚  As, primarily, students and teachers, we naturally look for the conveyance of such ideas in any material we encounter. We miss that books like Heart of Darkness are fundamentally different in intent and we continue searching for that lesson from which to make a rational response to the story.   Ã‚  Ã‚  Ã‚  Ã‚  Even literary professionals seem often to fall into the error of neglecting or misunderstanding the novelist's purpose. Consider, for example, the criticism leveled against Heart of Darkness by Paul O'Prey in his introduction to the Penguin edition. He writes: â€Å"It is an irony that the ‘failures’ of Marlow and Kurtz are paralleled by a corresponding failure of Conrad's technique--brilliant though it is--as the vast abstract darkness he imagines exceeds his capacity to analyze and dramatize it, and the very inability to portray the story's central subject, the ‘unimaginable’, the ‘impenetrable’ (evil, emptiness, mystery or whatever) becomes a central theme.†   Ã‚  Ã‚  Ã‚  Ã‚  Mr. O'Prey's sentence is somewhat impenetrable itself, but his complaint is that Conrad wants to evoke an abstract notion of darkness, but he doesn't manage to adequately define it or analyze it. He then goes on to quote, approvingly, another critic, James Guetti, who complains that Marlow â€Å"never gets below the surface,† and is â€Å"denied the final self-knowledge that Kurtz had.†   Ã‚  Ã‚  Ã‚  Ã‚  In other words, according to Mr. O'Prey and Mr. Guetti, Conrad has somehow failed in his attempt to delineate the horror that is Kurtz's final vision, failed to penetrate the darkness that Marlow evokes, failed to give a precise name and shape to the dark and tragic human condition. Mr. O'Prey and Mr. Guetti want, as all good academics want, clarity, definition, intellectual coherence, order, a well-stated and well-argued thesis; they

Christopher Pike :: essays research papers

Final Friends Book1: The Vampire Author: Christopher Pike Pages: 211 Published: Pocket Books/ Archway Paperbacks 40 Questions: 1. In chapter 1, what does Sam have a dream of? p. 4. He has a dream that his whole class will die because they will be killed by a vampire. 2. In chapter 1, who is going to be throwing a large party? p. 4. Sam. He doesn’t live in a very big house but he has a big yard. Too, his parents try to act â€Å"cool† so they are letting him have the party. 3. Why does everybody at school think Drake is a vampire? p. 6,7. First of all his name is kind of like Dracula, and second his canine teeth for some reason are distorted and they are really sharp. 4. Why does David get jealous when he sees his girlfriend talking to Drake? p. 7.Because Jolie is usually shy and doesn’t talk to other guys. 5. What does Jolie say is the reason why she is talking to another guy? p. 8 She says she was talking to Drake because she needed help with her homework. But David doesn’t believe her because she is a strait A student. 6. Why does Hanna, David’s sister, get mad at her teacher? p. 19. Because she gets kicked out of class for talking when really it was the girl next to her that was talking to her. 7. Why does Hanna go over to Jane’s house? p. 21. Because they are planning to play a practical joke on Hanna’s teacher for kicking her out of class. 8. What joke is Hanna going to play on her teacher Mr. Torkelson. p. 22. She is going to cut the brakes on his car. 9. Why does David almost get in a fight with Drake? p. 38. Because Drake spills coffee on David, and David thinks it is on purpose because David thinks that Drake wants to take his girlfriend. 10. (related to question 9) What does Drake whisper under his breath as he is walking away? p. 39. He says, â€Å"You better watch out, next time it will hurt a lot more.† 11. How does Hanna feel after she messes with Torkelson’s car? p. 45. She regrets it because she thinks that something bad will happen. 12. Why is David sure now that his girlfriend is cheating on him? p. 50. Because he sees her kissing Drake in the arcade. 13. How does Mr. Torkelson die? p. 61. He dies in a car accident. 14. Why does Hanna seem really depressed? p. 63.

The Fisherman by Kurt Brown

Life is filled with pleasures and uncertainties. We have ups and downs, and enjoy the better days because we have survived the worst. The â€Å"Fisherman† by Kurt Brown, tells a tale of a man fishing every day in hopes of catching something beyond him. This poem represents our lives and is a direct metaphor of the duality of success and failure. Our lives can relate to this poem because there comes a time in our lives, when we realize the world has so much to offer us. In order to see and feel the many wonders in life, risk needs to be put forth.Life does do not come to us, like the fisherman; who continues to cast his line into the deep, dark, and thundering waters, perseverance is required. Someday the catch will be rewarding and others will leave empty handed. However, it was enjoyable to go out and risk catching something glorious. Fishing is sport that involves any body of water. Theses body of waters are always bigger than our self’s. â€Å"Maybe it's the shadow of other fish, greater than his, the shadow of other men's souls passing over him,† (Brown 6,7) after analyzing this line, I concluded Brown was referencing life and how it continues without us.There is always a Goliath in life that towers over us all. However, we should not let it pass without attempting to grasp the monstrosity that is life. Not all catches are easy; sharks, marlin and other big game fish will all struggle to pull you down with them into the depths of the deep, dark Ocean. Once you hook the fish, a fight is ensured that will test the limits of your heart. Whether it is with bigger fish or bigger men, strength is required to overcome them. I believe this is one message brown intended to convey in his poem.In a way, Brown tells an aspiring tale of the fisherman's success and failures. â€Å"Each day he grabs his gear and makes his way to the ocean,† (Brown 8,9) determined to catch the best in the salty waters, yet satisfied knowing if he goes home empty handed, the best of him was put forth. Brown was trying to showcase the relentlessness of the fisherman's pride. Each day was different and offered a better catch than before, even if nothing as caught in the previous days, the fisherman continued to have faith and cast his line.In life, we feel like this. Some days we feel like all the choices made up to this point have been pointless. Then we remember, after time spent sulking about our mistakes, that we still have a chance our luck and livelihood. In a way, we all have a little fisherman in all of us. Failure in life is expected, like death, everyone has to face it head on. However, others charge right into it, hoping for the best outcome. We like to think control is always in our hands and the outcomes in majority of situations will tip towards our favor.However, all we have to rely on is uncertainty. Yes we can plan the lives we wish to live out, pursue the goals in life that will allow happiness to flow, but the only real goa l we all achieve knows that uncertainty reigns supreme. â€Å"He'll go back soon, thinking: â€Å"Maybe tonight. † (Brown 17) Brown conveyed the doubt that plagues the fisherman's conscious. â€Å"Maybe tonight,† he is unsure whether the trip back is worth it. Although he may be optimistic and determined, he can't shake the uncertainty.Like a double-edged sword, you cannot have one without the other. In this case, it's doubt that attacks his unyielding perseverance. In closing, despite all of the contrasts of success and failure, Brown started his poem with a strong message â€Å"A man spends his whole life fishing in himself for something grand,† we all want to be the best versions of ourselves. But the thing is; if allowed, we get better as time goes on. We become wiser, and look back on all of the great things that we allowed ourselves to experience.So, to continue becoming grand, we have to constantly pull the greatness out of our souls and temper it. Like a blacksmith creating a fine piece of metal from raw material, it takes time, work, and fire to create a truly fine piece of work. We must constantly fuel the fire and if that fire should go out, it must be relight within to continue on. Like the fisherman in Brown's poem, preparation is required to fish properly. Otherwise, if a strong fish comes your way, how do you expect to make it yours?

Analyzing Success in the Stories of Martin Dressler and Robert Irwin Essay

When I first read Martin Dressler: The Tale of An American Dreamer, I thought it was a very inspiring book. It talked about the life of an individual whose hardwok and perseverance took him to the top of his dreams. Well, it can be inspiring in some way. Holding to your dreams and trying your best is one of the main themes of the story. However, after I finished the book, I realized that it was not as inspiring as I thought it is. For me, it is now a book that tells something about the bitter side of life and success. It exposes one of the painful things this world is trying to conceal—that success is the golden crown of an empty heart. From the story of Martin Dressler, I realized that success is not as great as what most of us think and dream of. Success is a traitor that kidnaps the people’s opportunities to be happy with the one they love. Once success has kidnapped you, it will ask for your most precious possession—your family—as its ransom. As Martin Dressler moves to the top of his ladder of success, he also moves down to the pit of his decaying family. Following his dreams was indeed an achievement for him, but it was also the same thing that leads him to a miserable family life. In my opinion, most of us share the same situation with Martin Dressler. I, myself, have also experienced to be kidnapped by success. When I started college, which I consider as one of my greatest achievements because not everyone could have the access to good education, I noticed that I was becoming too busy with my studies that I almost forgot to spend some quality time with my family. I got too blinded with the achievement that I was holding with my hand. During that time, I feared that I might lose the chance to be in college if I would not get serious with my schooling. As a result, I spent most of my time inside my room and in the library studying. Until one day, my mother asked me to have a conversation with her. From that, I learned how fast my relationship with them has changed since I went to college. I realized my mistake and from then on, I incorporated good time management to my everyday life. For me, success can never bring danger if one knows how to manage his time well. Success can never betray you if you know how to deal with it. Another thing that I noticed with the character of Martin Dressler is his great ability to make things happen. If examined, he started barely from anything. His perseverance was very admirable, especially during in his time when only the rich people could afford to put up a business like what he had. On my own opinion, though, hardwork and perseverance is not enough. One’s character is not the only thing that matters when following a dream. A person should not think that he can achieve success by relying solely on his own. He should also consider the people around him. Through building good relationships with people, one can have a better reach of his dreams. Everyone of us is a dreamer. Most of our dreams are actually an American dream. To be successful is not bad. To be on top of our achievements is not selfishness. However, I realized that if we let our dreams to be our masters, the more it is hard for us to achieve them. Our dreams are our navigator to the place where we want to be in the future. But they should never be the center of our life for we might miss the real treasure—our family. Meanwhile, another book shares almost the same things of Martin Dressler’s story—Seeing is Forgetting the Name of the Thing One Sees, presenting the life of the American installation artist Robert Irwin. Although both characters have opposing personalities and were born in two different time frames, Martin Dressler and Robert Irwin still share the same experiences and philosophy in life. Both of their stories are a representation of a fulfilled dream—Dressler in achieving his dream of becoming a successful businessman, and Irwin in achieving his dream of finding the best field where he excels at. The two biographical writers namely Steven Millhauser and Lawrence Weschler, however, used two different approaches in portraying Dressler and Irwin. Millhauser, in his book The Tale of an American Dreamer, has included not only the beautiful and inspiring aspect of Dressler’s life but also the downside effect of the success he achieved. This was not incorporated by Weschler in presenting the life of Irwin. For me, his book simply narrates how Irwin started to have interest in the field of arts, how he became a painter, how he became inquisitive with his artistic limitations, and how he finally got his way to the field of installation art. Reading the first few pages of the book Seeing is Forgetting the Name of the Thing One Sees, I easily got hooked into it. The first part was describing Irwin’s childhood and the people and the kind of environment that mainly influenced him. However, as I continue reading, I felt alienated in the way Weschler describing things on Irwin’s craft. Sometimes, I found myself clueless of what he was narrating. Probably it is because I have no idea at all with some of the jargons in painting and installation art. There were some words that I did not understand and required me to research about them. The book, for me, seems a little bit technical if compared to the book The Tale of an American Dreamer. Analyzing the main character’s life, though, leads me to conclude that his story is nevertheless the same as ours. In some point in our lives, we get confused on which path it is that we really will be taking. Everday, we are confronted with many choices, from the time we awake up to the time we take rest. It then makes me wonder how people make choices, specifically the right ones. What could be their criteria? In my own point of view, people make their choices by selecting the option where they would feel greater happiness or fulfillment. But depending on what kind of person you are, happiness and fulfillment is very subjective. Everyone has his own story when asked about what it is that makes him happy and fulfilled. Eventhough it is hard to agree on such an issue, I think the important thing to remember is that we fully identify and know ourselves. By knowing ourselves means knowing our needs, including our need for happiness. When we recognize this need, then I think it is easier for us to know where we can find happiness. This for me is what the book about Irwin’s life represents. He looked for his happiness by addressing his need to express his thoughts and his self. For me, the works that he did can make him feel that a portion of his self is being fulfilled. Talking about dreams, Dressler and Irwin, for me, are both portrayers of it. However, they represent dreams in two different faces: one is a dream in exchange for something, and two is a dream in search for something. It seems to me that Dressler’s American dream is crueler than Irwin’s dream. Although self- fulfilling, Dressler’s idea of success yields more on the financial aspect as compared to the psychological one that Irwin has. For me, that of Irwin’s is a degree higher than that of Dressler. As a result, both of them gained successes that are in two different aspects, too. What Dressler achieved is a financial success while Irwin attained a more personal one. Works Cited Millhauser, Steven. The Tale of an American Dreamer. New York: Vintage Books, 1997 Weschler, Lawrence. Seeing is Forgetting the Name of the Thing One Sees. USA: University of the California Press, 1982