Review Essay Example | Topics and Well Written Essays - 750 words - 1

Review - Essay Example Its ability to manufacture and replicate things at a very cheap cost has numerous benefits that include the field of medical science, food production and even computer engineering. Ralph Merkle even envisaged that when nanotechnology reached its potential, we would come to the point that everybody is already materially wealthy that we will no longer ask what we can afford but on what is intrinsically valuable that we need. Ralph C. Merkle envisioned that with nanotechnology, we would be able to cure ailments which are not yet possible today due to the absence of technology and high cost. Mr. Merkle said that with nanotechnology, we would be able to cure diseases at molecular and surgical level with tools developed by nanotechnology . This implies that the serious medical condition of the planet’s ailing people which cannot be effectively treated due to the lack of resources will already become possible thus reducing the level of human suffering (Gehl, 2000). Nanotechnology can also lower the manufacturing cost of food which is very prohibitive in many countries today causing many people to go hungry. As of today, there are many people who are starving and this has become a source of conflict. Also, food is also used as a political tool which had the serious consequence of starving the people who are caught in the middle of a conflict. With nanotechnology, food production will become less expensive and those people who are starving due the inability to produce food will now be able to produce it at a much lower cost. When this happens, food will no longer be used as a political tool and people will no longer starve. This will have a positive ripple effect of reducing conflict caused by shortage of food. Ralph C. Merkle also sees that in few decades from now, nanotechnology will enable computers to become incredibly powerful that â€Å"we will have more power in the volume of a sugar cube than exists in the entire

Locals spend lavishly thanks to windfall from IPOs Essay

Locals spend lavishly thanks to windfall from IPOs - Essay Example "I took a Karwa taxi to the Industrial Area from the Old Airport locality on Friday evening and I paid QR30 as one-way fare It is too much," he said. Even a Qatari national, Yahya Abdul Rahman, felt the sheep were costlier this Eid. He blamed house rents as the single culprit for the rising cost of living and said he had let out four houses to expatriate tenant families and raised rents only marginally. "I have concern for them," he said of his tenants. The article mainly talks about how locals in Doha, Qatar enjoy affluent lifestyles as opposed to foreign expatriates. Expatriates are people who are temporarily living in another country, the culture of which different from the one they are from. The locals' and the expatriates' economic and financial differences are highlighted during the Eid al-Adha or Feast of Sacrifice, the most important feast of the Muslim. The feast is celebrated by sacrificing domestic animals, particularly sheep. The article narrates how it is easy for an average Qatari to purchase a fair number of sheep, while the foreigners struggle to buy even just one. The local Qataris can manage to be extravagant because of the "booming stock market" especially initial public offerings (IPO... He blamed house rents as the single culprit for the rising cost of living and said he had let out four houses to expatriate tenant families and raised rents only marginally. "I have concern for them," he said of his tenants. "Landlords are greedy," he said of property owners, his fellow countrymen. "Rising inflation is not good for all of us." Section: Local News Accessed 1/9/2006 from http://www.thepeninsulaqatar.com 1.2 Commentary The article mainly talks about how locals in Doha, Qatar enjoy affluent lifestyles as opposed to foreign expatriates. Expatriates are people who are temporarily living in another country, the culture of which different from the one they are from. The locals' and the expatriates' economic and financial differences are highlighted during the Eid al-Adha or Feast of Sacrifice, the most important feast of the Muslim. The feast is celebrated by sacrificing domestic animals, particularly sheep. The article narrates how it is easy for an average Qatari to purchase a fair number of sheep, while the foreigners struggle to buy even just one. The local Qataris can manage to be extravagant because of the "booming stock market" especially initial public offerings (IPOs). IPOs are the first sale of stock offered by a private company to the public, stocks being the element of ownership in a corporation. IPOs can only be offered once, many people take advantage of the opportunity. It is typical for the value of IPOs to rise on debut. However, many fall below the offering prices before the year ends. Because of this investing in IPOs are risky, as with all other investments. But even with the booming shares in the Doha Securities Market (up to 98% in 2005), economists raise concern that it might