Letter from the Pope to de Las Casas Essay Example | Topics and Well Written Essays - 500 words

Letter from the Pope to de Las Casas - Essay Example It is utterly shocking and saddening to read of the atrocities committed by a man upon a fellow man. The indigenous people of the Hispaniola Island, The Taino Indians, are human just like us. They are friendly and peace loving, with utter hospitality to visitors. At no time did they ever react in a violent manner towards the Spanish visitors who went there. Columbus himself acknowledged the fact that even though they were still primitive and leading a very basic way of life, they were very hospitable. Their culture and simplicity gave them an inner joy, which glowed to the outside .This, is the life we have always wanted, and which the bible teaches us to live. It is also from our Christian teaching that we learn about treating each other like a brother and loving our neighbors as we love ourselves. Therefore, it is a shame and absolutely reproachable, when I read of your report. It is only the physical capacity and the military authority that I do not have, but culprits of such acts needed to be dealt with accordingly. The Catholic Church is going to maintain its initial push for global evangelization. The most positive bit of it is the discovery of the New World by Columbus and his team, which serves as fertile ground for evangelism. The initial task of Columbus was to spread Catholicism at a rapid rate in order to combat the spread of Islam to these regions. This is what the church was in support of. However, the church holds no support for slavery, slave trade or anything connected in whoever way, to such practices. We also abhor forced labor as learnt from your report, which is being meted upon the locals in the gold and silver mines. Your efforts in fighting for the rights and freedom of the Indians on the region shall be fully supported by the church. This is because your approach of colonization by farmers rather than soldiers, is the most effective and

Limitations of Wacc as a Method of Investment Appraisal Essay

Limitations of Wacc as a Method of Investment Appraisal - Essay Example The present paper has identified that, despite its use in investment appraisal, there are various assumptions that are made when using WACC, hence, limiting its use in appraising investment. The first restrictive assumption that has to be met is that the investment project should be small compared to the investing organization. This, therefore, limits the use of WACC in appraising small investment but cannot be used when a small organization wants to acquire a large organization. The second limitation in the use of WACC is that the business activities of the investment project should be similar to those presently being undertaken by the investing organization. In the light of this, a company cannot use WACC when appraising an investment to diversify its business activities. Student Account describes that when using the weighted average cost of the capital method in appraising an investment, the financing mix adopted to undertake the investment project must be similar to the present c apital structure being used in the investment company. This, therefore, means that if a company uses shareholders money to finance its capital investment, it cannot rely on borrowed capital to make an investment. This, therefore, limits those companies that do not have adequate resources from using this method to appraise investments. Student Account further describes that when using a WACC, the existing providers of finance to the investing company will not change their required rates of return following the investment project that is being undertaken. This is, however, not possible since the rates keep changing following changes in the rates of inflation. In addition, the rates of return on borrowed capital from banks change from time to time due to changes in the rate of interest. This also limits companies that may agree to reduce the number of dividends paid to shareholders from what is paid during the previous years to use these resources in an investment.