Gamal Abdel Nasser Essay Example | Topics and Well Written Essays - 3500 words

Gamal Abdel Nasser - Essay Example The nationalist revival during the period of British occupation revealed a public awareness among a segment of Cairo's population, but this seldom was transacted into positive achievements. Instead, the Egypt of 1952 was a stagnant country. Beset by political strife, successive national governments did little to foster the country's development. An archaic structure of land ownership, abysmal living conditions among the great majority of the population, an economy geared to benefit a privileged few, and political instability--this was the legacy after thirty years of independence (Frederick, 268). The existing political parties abdicated their right to govern. In their struggle with the King and their quest for power and office, they treaded ruthlessly on the welfare of their country. Egypt's political structure blocked progress, rooted as it was in the status quo. No parliament controlled by wealthy landowners and Cairo's privileged social elite would support sweeping reform programs to the detriment of the vested interests. Few groups were untainted by the corruption which permeated Cairo. Many ranking civil servants owed their positions to partisan politics; landowners gained protection from the Wafd; businessmen were dependent upon the government for favors; and high ranking military officers often owed their posts to the King's personal support. Only the middle-class military--the captains, majors, and colonels, and, perhaps, a few generals--had the moral credentials for a bona fide movement of reform. And, after the sordid manipulation of the Alexandria cotton market and the collapse of national government in 1952, only the military was prepared to take action in the name of the people. Humiliated in the 1948 Palestine War, the Egyptian army generally had done little to distinguish itself. In its ranks, however, was a cadre of sincere and talented, though inexperienced, officers, and it was they who toppled the government in 1952. Initially, a junta sought to establish a nonpartisan civilian government, but this body proved unwilling to initiate the reforms desired by the young officers. Thus, the job of governing fell to the Free Officers by default. Governing had not been their initial purpose, and they were ill prepared for the task; but they alone were in a position to raze the "old order." And the destruction of the "old order" was a prerequisite for the implementation of profound reforms (Frederick 269). Role in Modernizing Egypt Rapid development in Egypt required an authoritarian government, and it became increasingly obvious that the Revolutionary Command Council could not measure up to the task. Instead, a single leader, a man with dictatorial powers, was needed. Gamal Abdel Nasser became dictator of Egypt in April, 1954. His was a difficult task. The country had not rallied to the military movement. Moreover, there was no panacea for Egypt's problems, and his every move drew the sniping attacks of those without the responsibilities for government. To his credit, he approached his mission boldly. Easy as it was to be irresolute, he determined what was best for

Interpreting Financial Results Essay Example | Topics and Well Written Essays - 750 words - 1

Interpreting Financial Results - Essay Example This means that Apple has maintained enough liquid assets to meet its short-term obligation. However, although Apple did well by maintaining a higher current ratio in 2013 compared to 2012, its current ratio declined in 2014 to 1.08 from 1.68 in 2013, which is a sign of poor performance in 2014 compared to 2013 as far as liquidity position is concerned. However, the Apples current ratio is still within the industrial average, which is a show of good performance compared to its competitors in the industry. Apples also had a favorable quick ratio of more than one in all the last three years. However, it is notable that the after the companys quick ratio had improved from 1.30 in 2012 to 1.64 in 2013, the ratio declined to 1.05, which is an indication of poor performance in 2014 compared to the previous two years. However, the fact that Apples quick ratio is within the industrial average is an indication of good performance in overall. Leverage ratio is another ratio used to gauge the financial health of a company. Leverage ratios are used to determine the amount of debts that the company maintains in its statement of financial position. Accordingly, the more debt a company has, the riskier the company is in case the business became bankrupt and forced into liquidation. Debt-to-equity ratio is one of the leverage ratios used to measure the degree to which a company is financed by debt holders in comparison with its owners. The lower the debt-to-equity ratio, the less riskier the company to invest. From the calculations, it emerged that Apple fiancà ©s much of its operations from shareholders investments compared to debts. The companys debt-to-equity ratios for the three years are below one, which is favorable (2014 = 0.13; 2013 = 0.08; 2012 = ∞). Nevertheless, it also became clear that Apple has been increasingly financing its operations by debt since 2013, which is not a good sign (United