France vs America essays

France vs America essays A Comaprison between France and America There are few countries in the world that share as similar governmental structures as the United States and France. It would be expected, however, that France and America would share such similarities in government based upon the fact that the original French Constitution was inspired by the U.S. constitution. Like America, France has an Executive, Legislative, and Judicial branch. However, the processes by which tasks are carried out by each of these branches are all slightly different from that of the United States. It is for this reason that the comparison of these two countries is so interesting; broadly speaking, both governments appear very similar, however, when looked at more closely there are smaller distinctions that keep them separate and unique. While examining the smaller differences between both countries, the chief distinction between the two governmentsthe political party system-will be discussed in detail. France today is one of the most modern countries in the world and is a leader among European nations. In 1958, France constructed a presidential democracy that has been resistant to the instabilities that other parliamentary democracies have faced. In recent years, Frances reconciliation and cooperation with Germany have proved to be key in the economic integration of Europe, which includes the introduction of a common exchange currency, the euro, in January 1999. Currently, France is at the forefront of European states and it continues to grow as a more unified and capable country. France, like the United States, is a republic with a written constitution. As previously noted, the French constitution was modeled after the U.S. constitution containing a preamble, seventeen articles, as well as illustrating the principle of the separation of powers. The French Constitution also spells out natural and indefeasible rights such as liberty, property, ...

GSW, Georgia Southwestern State University Admissions

GSW, Georgia Southwestern State University Admissions Georgia Southwestern State University Admissions Overview: Applications to GSW include standardized test scores from the SAT or ACT, high school transcripts, and an application form that can be filled out online or on paper. The school has an acceptance rate of 68%, making it largely accessible to those who applystudents admitted to GSW tend to have solid grades and test scores, although the school does take other factors into consideration.   Admissions Data (2016): Georgia Southwestern State University Acceptance Rate: 68%Test Scores 25th / 75th PercentileSAT Critical Reading: 440 / 540SAT Math: 430 / 520SAT Writing: - / -What these SAT numbers meanACT Composite: 19  / 23ACT English: 18 / 23ACT Math: 17 / 23What these ACT numbers mean Georgia Southwestern State University Description: Georgia Southwestern State University is a four-year, public university located in Americus, Georgia. Atlanta and Tallahassee are each about two-and-a-half hours away. The universitys 3,000 students are supported by a student/faculty ratio of 18 to 1. GSW offers a wide range of undergraduate and graduate degrees between the School of Business Administration, College of Arts and Sciences, School of Education, School of Nursing, and School of Computing and Mathematics. Campus life is active with about 60 student clubs and organizations including the Artist Association, the Outdoor Adventure Club, and GSW Gaming. The university also has an active Greek life with four fraternities and two sororities. On the athletic front, students will find plenty of intramurals including Indoor Soccer, Flag Football, and Blitz Ball. For intercollegiate sports, GSW competes in the NCAA Division II Peach Belt Conference (PBC) with a variety of sports including men’s golf, women’s cross coun try, and men’s and women’s tennis. Enrollment (2016): Total Enrollment: 2,954  (2,558 undergraduates)Gender Breakdown: 38% Male / 62% Female69% Full-time Costs (2016 - 17): Tuition and Fees: $5,262  (in-state); $15,518 (out-of-state)Books: $1,400 (why so much?)Room and Board: $7,672Other Expenses: $6,044Total Cost: $20,378 (in-state); $30,634 (out-of-state) Georgia Southwestern State University Financial Aid (2015- 16): Percentage of New Students Receiving Aid: 95%Percentage of New Students Receiving Types of AidGrants: 86%Loans: 58%Average Amount of AidGrants: $6,539Loans: $5,505 Academic Programs: Most Popular Majors:  Accounting, Business Administration, Elementary Education, Nursing, Psychology Transfer, Graduation and Retention Rates: First Year Student Retention (full-time students): 70%Transfer Out Rate: 33%4-Year Graduation Rate: 14%6-Year Graduation Rate: 32% Intercollegiate Athletic Programs: Mens Sports:  Basketball, Soccer, Golf, Tennis, Baseball  Womens Sports:  Soccer, Softball, Basketball, Tennis, Track and Field, Cross Country Data Source: National Center for Educational Statistics If You Like Georgia Southwestern State, You May Also Like These Schools: University of Georgia:  Profile  |  GPA-SAT-ACT GraphMercer University:  Profile  |  GPA-SAT-ACT GraphColumbus State University:  Profile  Clark Atlanta University:  Profile  |  GPA-SAT-ACT GraphEmory University:  Profile  |  GPA-SAT-ACT GraphSpelman College:  Profile  |  GPA-SAT-ACT GraphGeorgia Institute of Technology:  Profile  |  GPA-SAT-ACT GraphFlorida State University:  Profile  |  GPA-SAT-ACT GraphArmstrong State University:  Profile  Valdosta State University:  Profile  Savannah State University:  Profile  Auburn University:  Profile  |  GPA-SAT-ACT Graph

There is no set topic Essay Example | Topics and Well Written Essays - 500 words - 5

There is no set topic - Essay Example He plays with the visual elements of his beloved’s imagination, describing how he would oblige his duties at his leisure, without a care for the time that passes. He expresses his endless love for his muse by explaining the incapability of loving her the way he desires to with such a short mortal life. He wishes upon both of them health and youth eternal, so that they can truly enjoy each other’s love. The poet clear use of the word ‘mistress’ seems an acknowledgement that this relationship is indeed a secret and doomed in the long run. This reminds one of the great 19th century German philosopher Arthur Schopenhauer when he said most eloquently, â€Å"To desire immortality is to desire the eternal perpetuation of a great mistake† (Malhotra, pp. 102). However, love does not often take logic or reasoning into account when it is born in the hearts of lover, in fact, in some cases, it is quite the other way around. The relationship between love and immortality seems almost inspired from Emily Dickinson’s words â€Å"For Love Is Immortality,† (Dickinson and Franklin, pp. 403). Marvell’s graphic description of death creates quite a stark contrast to his earlier visualization of immortality. He seems to scare almost his mistress with the gloominess and darkness of death and the grave, her beauty and youth being only temporary gifts of life, as if in anticipation of her mistress’s anxious and hurried consent to his proposal. He then strives to coax his beloved to release all her doubts and inhibitions, so that both of them can truly enjoy each other’s presence, and let their lust and desire fill their lives instead of the fear of a gloomy demise. Man’s unquenchable desire for immortality and his unrelenting fear of death has indeed influenced his mind and life in the most remarkable ways. From his earliest tales and myths inspired from objects, such as the fountain of everlasting

Romney Care in Massachusetts Research Paper Example | Topics and Well Written Essays - 1750 words

Romney Care in Massachusetts - Research Paper Example A self-governing public power with the name of Commonwealth Health Insurance Connector was established by Romneycare. The role of this connector is to offer private plans of insurance to the residents of Massachusetts. Failing to acquire the insurance coverage subjects the residents to the implication of tax penalties. Tax filers on Massachusetts that could not manage to get enrolled in the plan of health insurance that they could easily afford got deprived of the personal exemption worth $219 upon the income tax. Since 2008, there has been an increase in penalties by increments on monthly basis. This was done in order to make the residents more serious about the implication of penalties and alter their behavior for the better. Before the enactment of Romneycare, number of the uninsured residents of Massachusetts that were qualified for a state or federal health program but were not enrolled anywhere because of indifference, ignorance, or some other reason was between 372000 and 618000. Once Romneycare was enacted, 219000 residents of Massachusetts that were uninsured before acquired the insurance (Tanner). Although the uninsured rate in Massachusetts has lowered up to only 3 per cent, yet 69 per cent people who acquired insurance since the year 2006 happened to obtain the coverage which to much an extent is subsidized by the taxpayers. The plan has actually worked not in accordance with Romney’s requirement of having each and every individual pay to acquire the insurance coverage. As per the notes taken in a report prepared by the Massachusetts Health Connector in February, 2010, Percentage of the 408000 residents of Massachusetts that have acquired the insurance recently and yet pay nothing is sig nificantly above 50 (Turner). Number of people that remained uninsured till the end of year 2008 was about 140000. They were either subjected to penalty or the state considered them too poor to afford the premiums, thus excusing from

ABCDE Approach for Critically Ill Patients

ABCDE Approach for Critically Ill Patients The topic I have chosen for my vignette is a patient with chest pain. The Resuscitation Council (UK 2006) recommends that clinical staff should follow the ABCDE approach when assessing and treating critically ill patients. This will help to identify the deterioration of critically ill patients.With this in mind, it is important that patients presenting with cardiovascular conditions are promptly assessed and treated. Here I am following an ABCDE assessment on a patient with chest pain. The 58-year-old (anonymous) male patient admitted with chest pain, 8hours after the onset of the symptoms. Initially patient was thinking it is heartburn and been taken gaviscon and paracetamol. As I went to see the patient, I introduced myself and checked identity by asking the name.Patient is able to communicate.This incates that the airway is patent. Patient is looking pale and in short of breath. Complaining of heaviness and crushing pain around the chest radiating to left arm. Sat patient upright position and checked breathing. Respiratory rate is 20bpm. (9-14bpm is normal resp rate-bts guidelines). The pattern of the breathing is normal, the movement of the chest wall is equal, and symmetrical.SaO2 checked is, 95% on room air. (Above 94%is normal or 88%-92% for those with resp problem (copd) BTS 2008).I administered 35% oxygen via venturi mask. Supplemental oxygen therapy is important to maintain adequate oxygen levels in the tissues and organs when patients experiencing pain and shortness of breath. (Critical care assessment booklet) Patients peripheries are cold and clammy.this indicates poorly perfused tissues. Pressed on patients finger for 5 seconds to check the capillary refill time.(in health,initial blanching should disappear within 2seconds of releasing pressure(Athern and Philpot 2002).CRT is 4 seconds. delayed CRT indicates poor perfusion(Lima and Bakker 2005). checked radial pulse is tachycardic 114bpm.rate is regular. A manual pulse should always checked, as machines that measure heart rate tend to give an averaged value and therefore do not pickup irregularities or arterial insufficiency (Torrance and Elley, 1997).HR is above systolic blood pressure indicating that patient having cardiac problem. Blood pressure is 101/54 mmhg, Temp 36 deg. Patient was very restless due to pain. Obtained ECG and showing small elevation in the ST segment in standard leads.ST elevation is the first sign of infarction. This happens when myocardium injured. ECG is showing Acute Myocardial infarction. Pain relief is the first priority, as uncontrolled pain increases sympathetic stimulation, which leads to increased myocardial oxygen consumption. This can further aggravate the ischemia (T Moore P Woodrow). Informed doctor about patients condition. Inserted cannula and taken bloods for troponin t and routine investigation fbc, ues, coagulation profile. Doctor arrived and examined the patient, advised to give GTN spray and Diamorphine injection (GTN generates nitric oxide that is Vasoprotective.Nitrovasodilators act primarily to dilate veins and therefore has a major effect on reducing the filling pressures of the heart. This helps to reduce myocardial contraction, wall stress, oxygen demands .It is short acting, and its effects last up to 30 minutes. The sublingual route is preferred as this avoids metabolism by the liver which reduces the drug concentration (H Chummun,KGopaul,A. Lutchman 2009) Diamorphine injection 5mg intravenously given .This is both potent analgesic and has pos itive hemodynamic effects particularly,vasodialatation which reduces the myocardial oxygen demand. Metochlorpromide 10mg intravenously (Antiemetic) given along with opiates to minimize nausea, a side effect of opiates therapy. Aspirin and Clopidogrel 300mg given .These are antiplatelet drugs ,decrease the platelet aggregation and inhibit thrombus formation in the arterial circulation ,because in faster-flowing vessels,throbi are composed mainly of platelets with little fibrin. (BNF 2010) Patient is not thrombolysed with streptokinase injection, because the late presentation and later administration is less effective outcome. Currently most protocols advocate a time window of 6hrs from the onset of pain during which it is appropriate to give thrombolytics.After this time it is usually considered that the risk of the drug outweigh the limited benefit gained(MrBassets and Mr Makins). Reassessed vital signs and pain. The pain is easing off slightly, scoring 2.respiratory rate 16bpm , HR 98bpm BP 112/68,CRT 2. Patients condition is improving. Pain assessment is a priority because continued pain is a symptom of ongoing MI, which places additional risk on myocardial tissue (Urden et al, 2002). Repeat Diamorphine injection given as advised by doctor. Closely observed the patient, monitored breathing and oxygen saturation. Oxygen therapy continued, because it is important to assist the myocardial tissue to continue its pumping activity and to repair the damaged tissue around the site of the infarct (Sole et al, 2001).No shortness of breath at present. Repeat ECG taken in 15 minutes interval for assessment of dysrhythmias and it is noninvasive, well tolerated by patients and provides continuous information about the heart (Docherty and Douglas, 2003). Patients blood sugar checked and it is 6.7mmol.patient has no diabetic history. Patient is very anxious and worried. Anxiety can play a role in acute MI. It may affect the development of further heart disease, further morbidity or prognosis, health care use and rehabilitation. (Crow et al,1996, Januzzi et al 2000).I reassured patient. Anxiety management is assigned a high priority in the early management of Acute MI. Doctor discussed with family about present condition and treatment. Family member who are anxious or upset about the patients condition may heighten patient anxiety, research suggest that family members should provide with information to meet their needs to reduce family anxiety (Quinn et al 1996).Doctor explained to the family about patients diagnosis and treatment. Heart rate monitored continuously by attaching telemetry. This helps to identify cardiac arrhythmias. Vitals signs and pain score recorded regularly. Recognizing the signs of clinical deterioration and taking appropriate timely action can be a vital part of providing optimal patient care. The clinical signs of critical illness usually reflect compromised respiratory, cardiovascular and neurological function.The underlying aim of the initial interventions should be seen as a holding measure to keep the patient alive,and produces some clinical improvement ,in order that definitive treatment may be initiated(Nolan et al,2005).

Employment Law HRM Strategy Essay

Employment law is critical to an organization allowing it to fulfill needs and business ventures applicable to state and federal laws. In this paper we will be discussing the laws that allow and disallow seasonal employees from another country to be able to work in the state of Georgia. In the paragraphs below I will explain to you the reader the scenario listed above, I will set a plan in accordance to the HRM situation, justify my approach to HR management, state the competitive advantage, and describe the situation that may occur from not properly following the appropriate laws. Everyone has the right to work, and there are many opportunities in this country. In order to enjoy these liberties workers need to be documented in order to be legally able to work without consequence to them, and the company that they are occupying a position. Employment law consists in the body of laws and rules regulating civil rights and non-union related conduct in the workplace (Stewart, 2012). Civil rights include a workplace free from discrimination and harassment for people who fit into one of the legally protected class (Stewart, 2012). Conduct law refers to equal and fair pay immigrant and employment at will laws (Stewart, 2012). These laws are the laws that are pertaining to the laws that are corresponding with the situation of seasonal employees from another country. The Migrant and Seasonal Agricultural Worker Protection Act (MSPA) provides employment-related protections to migrant and seasonal agricultural workers and is administered and enforced by the Wage and Hour Division of the U. S. Department of Labor (DOL,2012). Within the confines of the law I came up with a plan for seasonal workers, first these are the parameters that we must follow. Every non-exempt farm labor contractor, agricultural employer, and agricultural association must: * Disclose the terms and conditions of employment to each migrant worker in writing at the time of recruitment and to each seasonal worker when employment is offered, in writing if requested; * Post information about orker protections at the worksite; * Pay each worker the wages owed when due and provide each with an itemized statement of earnings and deductions; * Ensure that housing, if provided, complies with substantive federal and state safety and health standards; * Ensure that each vehicle, if transportation is provided, meets applicable federal and state safety standards and insurance requirements and that each driver be properly licensed; * Comply with the terms of any working arrangement made with the workers; and * Make and keep payroll records for each employee for three years (DOL. 012) The plan that we will use to manage the situation will be by appointing two or three HR professionals, and a project manager to oversee the project. They will coordinate events as per the MSPA which regulates the seasonal workers. The MSPA requires farm labor contractors, agricultural employers, and agricultural associations, who recruit, solicit, hire, employ, furnish, transport, or house agricultural workers, as well as providers of migrant housing, to meet certain minimum requirements in their dealings with migrant and seasonal agricultural workers (DOL, 2012). Our plan resembles closely to what is already in state as per state, federal and local legislations. Human resource is the greatest asset that any organization possesses and it must ensure that this potential is harnessed to the maximum to contribute positively towards the growth of the organization (Amillionlives, 2010). Every non-exempt farm labor contractor, agricultural and seasonal agricultural association must; disclose the terms and conditions of employment to each migrant worker in writing at the time of recruitment and to each seasonal worker when employment is offered in writing (DOL, 2012). HR management would use this information to aide in writing the offers of employment for the migrant and farm workers. There are many competitive advantages of HRM practices meets the employment laws, typically business are more competitive with a structured HRM practice in place. Having an HRM in place makes it easier to organize employment according to the laws. An effective HRM in a competitive advantage will use information provided from the Department of Labor (DOL), one instance that would be useful in this situation is Employers must provide each migrant and seasonal day-haul worker with a written disclosure at the time of recruitment that describes the terms and conditions of his or her employment. When offering employment, the employer must provide such isclosure to all seasonal workers upon request. The disclosure must be written in the worker’s language. If the HRM is effective they will be able to utilize different commodities of the job in order to provide the service as per employment laws and contract obligations. If the situation of the need for seasonal employees who may be from another country were not to follow proper laws could result in major fines and penalties to the company. Ethics related problems are faced by the organizations whenever there is a practice of using favoritism rather than ability or job performance for managerial decisions regarding employment, promotion, pay and discipline. These problems can be reduced and eliminated by maintaining the highest standards of professional and personal conduct, encouraging employers to make fair and equitable treatment of all. Severe penalties may arise from the state and federal departments for not following proper protocol. Immigration may also be informed of the situation due to the fact that they are dealing with non-citizen workers. In the paragraphs above I have explained to you the reader the scenario of the seasonal workers, provided a plan, justified the approach of HR management, competitive advantage, and provided the consequences that may arise from not following proper laws and protocol.

Economists Asset Market - Free Essay Example

Sample details Pages: 6 Words: 1758 Downloads: 7 Date added: 2017/06/26 Category Economics Essay Type Analytical essay Did you like this example? Literature Review There have been different views between Economists and financial market participants upon the valuation of an asset. Economists believe that the price of an asset should reflect the fundamental value given the assumption of rational behavior and of rational expectations. On the other hand, financial market participants believe that the fundamental value is part of the asset price. Thus, Markets participate will interpret a positive price volatility as the herd behavior. However in the past they were unable to interpret the excess volatility which was followed by the collapse of the market. Don’t waste time! Our writers will create an original "Economists Asset Market" essay for you Create order Volatility Some of the major crashes such as Tulip mania, the South Sea Bubble, Mississippi Bubble and the Great Crash of 1929 have induced researches to concentrate their study on asset price volatility. Asset price volatility shows by how much an asset deviates from its fundamental value i.e. the risk with is attached to an asset. During the above listed crashes, the volatility rate was very high, as a result researches found the presence of bubble in the assets. Bubble can be defined as a state of rising asset prices. Once a peak price is attained there may be substantial decrease in the price. A famous example will be the South Sea Bubble whereby the stock value of the South Sea Company rose by over 700% during the first half of 1720. And at the end of 1720, the price fell back to about fifty percent of its value at the start of the year. The existence of bubbles can be depicted by comparing the fundamental value with the market value of an asset. The fundamental value of an asset means the share price should include information about the present and future return of the asset i.e. the discounted present and future cash flows. The bubble component reflects the value which is actually bigger than the present value of expected future price. Moreover, bubbles affect the riskiness of the market and it may also contribute to the fluctuations of the macroeconomic variables as it had been the case during the occurrence of the October 1929 Wall Street Crash and the Great Depression. It is interesting to note that bubbles create excess demand in the market while supply remains constant. Therefore, in other words, there will be a shortage and this will lead to an increase in the share price. Most models of market behavior are based on rational expectations, which assume that: individuals have rational information processing Individuals have a correct model of the fundamental structure of the economy. If any of the condition listed above is violated, bubbles may arise. Bubbles may be classified into speculative bubbles and speculative bubbles cover two kinds of bubbles: rational bubbles and irrational bubbles. There will be irrational bubble if the first one is violated whereas the violation of the second condition will give rise to irrational bubbles. The theory of rational bubbles demonstrates that, even with rational expectations, asset price deviations from the fundamental value would be possible. The growth of rational bubbles reflects the presence of self-fulfilling expectations about future increases in the asset price. A common feature of the market will be that investors buy an asset only with expectation that it could be resold in the future at a higher price to another investor who is willing to purchase the asset for the same reason. In an irrational bubble, market participants may focus on noise instead of fundamentals. Some noise or unsophisticated traders in a market may overwhelm rational or sophisticated investors if the time horizons for arbitrage are finite. How Bubble was created Overinvestment and malinvestment may create bubbles in the market. Overinvestment means investing in too many capital assets to meet the required demand. On the contrary, malinvestment means investing in the wrong capital assets to produce goods and services. A most recent example will be Asian Financial Crises 1997. The Chinese Government injected a lot of assets in the red chips companies in the expectation to increase the share price. The stock price did increase but it did not last for last as a bubble was being created. EMH It is arguable that the market is not efficient if there exists bubble in the market more precisely speculative bubbles. A speculative bubble can be distinguished as a persistent rise in the price of an asset. The initial rise creates forecasts of further rises and attracting new buyers, in general speculators interested in the rise of the price of the asset rather than in its use or its potential incomes. However, studies have show that despite the presence of speculative bubbles, the market is efficient. The share price has effectively deviates from the fundamental value but it does not have necessarily violated the efficient market hypothesis. In other words, the prices comprise of all available information about the present and future return taking into account the bubble component. Further, rationality of behavior and of expectations, together with market clearing, imply that assets are voluntarily held and that no agent can, given his private information and the information revealed by the prices, increase his expected utility by reallocating his portfolio. The following assumptions must be meant in order for a market to be efficient in spite of the presence of bubbles: Interest rate is constant, no constraints on short selling, risk neutrality All agents have the same set of information after having observe the market Bubbles are likely to increase the risk associated with holding the asset Risk averse individual requires higher rate to be compensated for taking higher risk Herd Behavior Self-fulfilling expectation of investors helps to develop bubbles. These may include herd behavior, panics, manias and among others. It is often argued that choice of an investor is based on the information derived by observing the actions of other investors i.e. they behave in herd. Thus, investors ignore their own information and rely on the uninformed choice of the previous investors. As such, they will try to acquire asset which is highly traded or which other investors are purchasing. In this event there will be bubble in the market and this will lead to an abnormal increase in the price. Moreover, a future increase in price will attract investors, they will thus buy low and sell high in the future and be realizing a capital gain. However, their common action will create excess demand for the share in the market leading to an equal increase in share prices assuming that supply is constant. This is an event that will create bubbles. Growth of Bubbles Rational bubbles may grow at a rate r each period but this may not be necessary the case. The rate r represents the growth rate at which a price increases normally. Notably, if traders are risk-averse, bubbles will grow faster than the rate of r, effectively paying traders a risk premium in the expected value to hold the asset i.e. they are being compensated for holding additional amount of risk. Growing bubbles may have harmful real effects on the economy by inefficient supply at high prices or making asset prices poor signal. Bubbles also harm welfare because they redistribute wealth, but random redistribution is only harmful if traders are risk-averse since risk-averse traders will avoid a bubble which grows at a rate r. A bubble may grow at a negative rate in some periods for example when it bursts or in all periods where the discount rate is negative. However the bubble component for price may not be negative as investors have the choice to dispose of the asset and also the price of an asset can not become negative at a future date. Effects of Bubbles Initially the price of a stock is considered to be at equilibrium, with a marginal product of capital equal to interest rate. In the absence of bubble, the value of the share can be said to be the replacement cost and the firm has no incentive to increase its number of stocks. Suppose that a bubble starts on its shares, increasing the price, say by 8%. In order to reconcile the price, the firm should add value to the capital stock until the marginal product has been reduces by 8% and the market price will equal to the fundamental value. On the other hand, if the firm issues more shares, this will help the bubble to grow and burst in the future. Further, at a certain price level no one will be willing to purchase the stock and thus creating an excess of supply in the market, leading to a substantial decrease in the value of the stock. How bubbles can be rule out. The major problem with bubble in asset prices is that you never know when it is going to burst. Further the burst of the bubbles will affect the market as a whole as evidence can be taken for the past crashes. Several ways can be adopted to rule out a bubble from the market. Many countries have even enacted laws in order to protect themselves from such a framework. For example, the South Sea Bubble caused the British Parliament to pass the South Sea Act which effectively eliminated the stock market as a source of funds for over a century and in the United States, the Great Crash of 1929 led to the creation of the SEC and the introduction of numerous regulations. There are also other ways in which bubbles can be rule out of the market. Firstly, firms can impose an upper limit on the stock prices and stock should be issued in response to stock price increases. Secondly short selling may help to cancel out the bubble effect. This is in the sense that a positive bubble will attract agents to short sell the assets. At the same time, they will invest some of the proceeds to pay for the stream of dividend and as such there will be positive wealth left over and arbitrage would rule out bubbles. Evidence The study of bubbles behavior can be classified as direct or indirect test. Indirect test was used to study the difference between the actual price and the fundamental value. However the main problem remain on the interpretation part as the effect of bubble in stock prices could not be distinguished from the effects of unobservable market fundamentals. On the other hand, direct test try to directly test for the presence of bubbles. As such researchers try to identify the type of bubble that is present in the market and hence carry out the test accordingly.