The Secret to Best Term Paper Writing Services

The Secret to Best Term Paper Writing Services Finding the Best Best Term Paper Writing Services The last term paper is very important to your grades which means you must select the academic writing services wisely. At the close of the term, term papers are definitely the most topical matter. Your term papers need to be the very best. They must be the best. The Appeal of Best Term Paper Writing Services If you're looking for experts to complete your academic assignments, we supply a definitive selection. The review of the greatest writing services are free and dependable. If you're after an academic writing editing solutions, you should turn your focus to our website and take a good look at it eventually paying for aid! What's more, it isn't important if you're attempting to discover the professional resume writing services or research paper authors you're very likely to have the ability to track down all info you want to make the very best option in 1 site. 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Risk Management in Banking Essay Example For Students

Risk Management in Banking Essay During 2000 BC, the development of banking industry emerged. The exchange of grain or goods between farmers and merchant were termed trading. Bank is financial intermediaries which accepts deposits from general public and organizations and are engaged in lending activities. In other word, banking business is the business of receiving money from the market through deposits and paying or borrowing the fund to the capital market and general public as well. Banks undertake various financial activities such as investment banking, private banking, insurance, consumer finance, corporate banking, foreign exchange trading, community trading, future and options trading, money market trading etc. Commercial bank generally accepts deposit from the general public and lends money as loan to households, firms, and government as well through various account types as saving accounts, personal loans etc. Other types of bank are investment bank that collects capital by underwriting or by acting as an agent in the issuance of shares. They do not take deposits from customers. The Australian banking system is liquid competitive and well developed. Australian banking industry consists of a number of banks licensed to carry on banking business, under the Banking Act 1959. Under the same act, foreign banks are licensed to regulate their business through a branch in Australia and Australian – incorporated foreign bank subsidiaries. Risk Management: It is one of the most important parts of the management function of organisations. Risk environment should be analysed in order to apply appropriate controlling measures and monitor the effectiveness of the control measures applied. The bank’s management is actively responsible in the development and maintenance of any active risk which needs a careful analysis and its management. The Reserve Bank of Australia identifies assesses and manages the risk at both enterprise level and business level i.e top – down level and bottom – up level. 1. Exchange Rate Risk and Mitigation: Banks are involved in multi-currency exchange. A large amount of money is transacted across various countries over the exchange rate. It affects the business that does import or export, and it also can affect investors who make international investments. Understanding and managing exchange rate risk is important to all business organisations that are involved in it. Therefore, it is important for them to know the risk and impact associated with the transaction. The exchange rate risk can be mitigated by following strategies:- †¢ Identify the Foreign exchange risk that might impact the business and its sensitivity. †¢ Review the risk management process and evaluate its performance with your expectation. †¢ Diversify the risk by merging different strategies. 2. Portfolio Risk and mitigation: It is a situation where the combination of assets or units that are within individual group of investments that fails to meet financial objectives. Portfolio risk can be hedged by the use of financial derivate for example use of options and futures. 3. Interest Rate Risk and Mitigation: Interest Rate can be explained as the rate upon which banks grant loans to its borrowers and can also be defined as the rate upon which they pay their depositors the return based on the agreement. The interest rate risk is a situation or the probability that the market interest rates are earned on the investments for example bonds, resulting in their lower market value. The long-term bonds hold higher risk. We can manage the interest rate risk by:- †¢ Modifying the duration of the portfolio with bond futures †¢ Improving the Performance of a hedge with Regression 4. Credit Risk and Mitigation: The probability of loss when a borrower fails to repay a loan or fails to make payments on any debt. It is one of the most fundamental types of risk. It represents a situation where investor loses his/her investment. If the perceived credit risk is high, the rate of interest that investors will demand for lending their capital will be high. Credit risk is calculated on the basis of the borrower’s overall ability to repay. Few examples of credit risk can be a consumer’s failure to pay the mortgage loan, or his/her credit card balance; a company unable to repay its debt; when a bank fails to return the fund to its depositors can also be termed as credit risk. Quality of risk as the outstanding balance of loan as on the date of default whereas quality of risk is severity of loss. These two are the major components of credit risk. Banks should analyse its customers and the rate of interest should be fixed accordingly. In other word, high risk category borrowers should be priced high. Portfolio analysis helps the bank to manage their credit risk. Investment in various sectors helps them compensate and balance their losses. .u0f7783e8a434c28b335209b7f9efc1be , .u0f7783e8a434c28b335209b7f9efc1be .postImageUrl , .u0f7783e8a434c28b335209b7f9efc1be .centered-text-area { min-height: 80px; position: relative; } .u0f7783e8a434c28b335209b7f9efc1be , .u0f7783e8a434c28b335209b7f9efc1be:hover , .u0f7783e8a434c28b335209b7f9efc1be:visited , .u0f7783e8a434c28b335209b7f9efc1be:active { border:0!important; } .u0f7783e8a434c28b335209b7f9efc1be .clearfix:after { content: ""; display: table; clear: both; } .u0f7783e8a434c28b335209b7f9efc1be { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .u0f7783e8a434c28b335209b7f9efc1be:active , .u0f7783e8a434c28b335209b7f9efc1be:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .u0f7783e8a434c28b335209b7f9efc1be .centered-text-area { width: 100%; position: relative ; } .u0f7783e8a434c28b335209b7f9efc1be .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .u0f7783e8a434c28b335209b7f9efc1be .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .u0f7783e8a434c28b335209b7f9efc1be .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .u0f7783e8a434c28b335209b7f9efc1be:hover .ctaButton { background-color: #34495E!important; } .u0f7783e8a434c28b335209b7f9efc1be .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .u0f7783e8a434c28b335209b7f9efc1be .u0f7783e8a434c28b335209b7f9efc1be-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .u0f7783e8a434c28b335209b7f9efc1be:after { content: ""; display: block; clear: both; } READ: The Value Of Risk Management Essay example5. Operation Risk and Mitigation: The risks from financial fraud, employee, or any other criminal activity and any event that interrupts business processes are termed operational risk. It is not inherent in financial, system or market – wide risk. It is the risk that results from the breakdown in the internal procedure, people and system. A proper management of Operation Risk results in smooth business continuation, proper disaster recovery planning and managed information security and compliance measures. Operational Risk can be managed by:- †¢ Improving the reliability and effectiveness of business operations and the operation of the risk management framework. †¢ Enhancing risk based decision making. †¢ Proper planning and delivery of capital investment. †¢ Educating staffs about the risk. Conclusion: Bank is a financial organisation that accepts deposits from various customers from the market, and is also responsible in lending money to the capital market. It operates in a dynamic market and thus, continuously faces various unpredictable challenges. There are various risks associated with the banking industry that includes exchange rate risk, portfolio risk, interest rate risk, credit risk and operation risk. Each of the risks have their own effect on the business procedure. Therefore, banks perform their risk management procedure to minimize or eliminate the risks. Various tools are used in this risk management process such as diversification, currency hedging, regression, portfolio investment etc. Reference: ï  ¶ International finance magazine (2013) Retrieve from http://www.internationalfinancemagazine.com/article/Australian-overnight-interest-rates-kept-unchanged.html ï  ¶ Banking and Finance Update (2013)- Retrieve from www.ashurst.com ï  ¶ Annual Report (2013)- Retrieve from http://www.rba.gov.au ï  ¶ Operation in Financial Market (2013)- Retrieve from http://www.rba.gov.au ï  ¶ International Finance Magazine. (2013). Risk Management In Banking Industries

Pollution Essays - Waste Management, Environmental Toxicology

Pollution Pollution is the introduction of harmful substances or products into the environment. It is a major problem in America and as well as the world. Pollution not only damages the environment, but damages us also. It has cause many problems ranging from lung cancer to the greenhouse effect. It is all among us and but we continue to live in our own filth. What is the reason behind this flawed logic? In this paper I will examine the problems and solutions for this issue. Automobiles are undeniable the greatest source of pollution. The noise pollution created by cars is immense. Another polluting effect of cars is the heat it creates. This heat makes it unpleasant to be near the car while its running. And of course the most famous of the automobiles evils is the exhaust. The toxic fumes given off as a byproduct of the combustion engine are slowly deteriorating our lungs and our atmosphere. The exhaust is extremely toxic to human beings. But why do we do continue to drive these walking time bombs. Some people will say it is progress, but the majority drives it for the convenience. Why walk four miles in four hours when you can drive the same miles in four minutes? Another popular source of waste is the post-consumer market. American citizens throw away millions of tons of garbage each year, and this trash has to go somewhere. While there are projects underway to clean and reuse this refuse most of it gets dumped into huge landfills. These landfills are disgusting festering blisters on our country's landscape. But people continue to consume and throw away more and more in the name of convenience. As they see it, when things get old, throw it away and get a new one. They blame the government for the trash problem, but the truth blame should be placed on themselves. The last great source of pollution lays in the businesses. Although not common, businesses have been known to dump their waste products into streams, lakes, and rivers. This may seem like a relatively small occurrence that really is not your concern, but you're wrong. Each time one of these companies pollutes there are horrible consequences to pay. Mutations, destroyed ecosystems, and human death have all occurred as a direct result of illegal dumping. It contaminates our drinking water and soil. It causes entire communities of humans (not to mention animals) to move on to new places not to return for at least a century. The pollutants dumped by industry are so concentrated that a single barrel can destroy an entire lake's ecosystem. Not only do companies dump chemicals, but also hot water. This hot water kills most life it comes into contact with, but also causes an overgrowth of algae that covers the surface of the lake, or pond, and blocks the light from reaching the bottom. This means the plant life cannot grow, which mean the small bacteria and other microorganisms can't grow which means fish can't feed which means the ecosystem dies. Pollution like any other problem can be solved, but this is a long process. Individuals can do their part to save the environment as well as themselves. Instead of driving, carpool, take the bus or any other method of mass transit. This will cut down on pollution made by cars each year, not to mention your gas bill. When it comes to the trash problem, take the time to sort your trash and place it in the appropriate recycling bins. By recycling we reduce the amount of waste piled onto the landfills. As for consumption, pay attention to how the products you buy are manufactured and how they are packaged. Avoid those products made in 'unfriendly' ways towards our mother earth. If a product encourages the destruction of land, or is of completely no use don't buy it. And finally voice your opinion in the polls. If each individual did their part, we will be creating a better world for ourselves as well as our children. July 27, 1998 English 1A

How Your Resume Speaks to Potential Employers

How Your Resume Speaks to Potential Employers How Your Resume Speaks to Potential Employers There are many reasons why you might want to update your resume. Perhaps you are seeking a promotion, or want to shift to another division of your company. Maybe the role and responsibilities of your current position aren’t what you expected, and you need to begin looking for a different job. Wherever you’re at in the workplace world, it’s essential to have a solid resume. Your resume is how you speak to potential employers. What is your resume saying about you? Here are six tips to consider when building your resume. To Embellish, or Not to Embellish In a study by Career Builder, over 2,500 hiring managers discovered applicants doing more than dress up a few things. 56% found applicants lying, with 54% taking liberties describing their responsibilities. A quarter caught people adding credits from companies for whom they had never worked! While it’s important to highlight your duties with a position, it’s vital to be straightforward when describing the scope of your responsibilities on your resume. Does Your Resume Reflect Career Progression? Your resume should be the story of your career; ideally one with an upward trajectory. Set the tone of the resume by including relevant experience or training for the job listing. Hopefully, your most recent job will fit; but if you’re still working on gaining career highlights, pull from another credit instead. If you’re switching career paths, or you already have varied work experience, it’s okay to structure your resume; for example, you might have one category outlining your research-based work, and a different group highlighting your people skills. Organizing your experience into categories allows you to present a fuller picture of your abilities. First Impressions are Important Many recruiters say that it takes them a mere six seconds to decide if they’re putting your resume in the â€Å"yes† or â€Å"no† pile. This is why first impressions are so crucial. You don’t need to use coloured paper or wild fonts, but you should give your resume some style. Remember, you aren’t trying to convince them of your design sense; you’re trying to avoid being tossed in the â€Å"no† pile after a cursory glance. Does your resume look original, and not based on a template? Even if you used a model to start, you can still give it a clean, polished look that doesn’t feel like a stark template. Are the length and overall appearance appropriate for the job? You want to make it easy to process with a quick look, as the person reading it might easily be looking at upwards of hundreds of resumes. Points to consider regarding appearance: Clear design with white space between sections Clean copy, with no typos or spelling errors Un-cluttered paragraphs Simple, effective bullet points Font Matters How you present your choice of words also matters. Font choice is such a vital part of displaying a favourable appearance that it deserves its own mention. The main point when choosing a font style is making your resume easier to read. There are a couple of essential points to be made regarding font choice: Choose a serif font for print Serif refers to those little tails or flags at the end of a letter - like this. Those tails are supposed to lead the eye forward to the next letter, making it easier to read, especially when you are reading a large number of pages. â€Å"Sans serif† means without a serif, meaning there are no added tails to the letters. Don’t be fashionable A common wisecrack is â€Å"Don’t use Comic Sans.† That’s because this niche font was momentarily very trendy and was vastly over-used. Know how it will be read Some fonts work better on paper; some fonts look better on screen. If you know how your resume will be read, then select a font that makes the most of that medium. If you’re not sure, fonts like Cambria work equally well in both media. Top Three Fonts for Print: Bookman Old Style Cambria Garamond Top Three Fonts for Online: Calibri Cambria Georgia If you want to delve deeper into it, there are many visually pleasing fonts that will assist in giving your resume some life and voice. Choose a font that is easy to read and pleasing to the eye, and your resume is likelier to end up in the â€Å"yes† pile for a second glance. Don’t Say Too Much It’s important not to bog down your resume with unnecessary details. Tailor make your resume to include specifics that make you a more desirable candidate. If a credit isn’t relevant to the job, remove it. There’s no need to clutter up your resume with experiences that don’t apply. Keep your resume clean; don’t add unnecessary flourishes. The same goes for introductions and cover letters. The ability to be concise will set you apart. Hobbies and Interests If your hobbies and interests are genuinely applicable to the job, by all means, add them. Be specific. Saying that you like music isn’t descriptive; saying that you have a membership to the symphony, or that you play with a band that goes to retirement homes is. Membership in groups like Toastmasters demonstrates a willingness for self-improvement, as well as an interest in public speaking. Bonus tip: Managing Your Online Presence Depending on your field, having an online presence could help you stand out. However, your online presence can also be a drawback. Companies and their clients don’t want to work with someone who will potentially bring them unwanted negative attention. Having a positive, work-relevant social media presence shows potential employers you know how to be professional. Always remember, anything that you put up online is trackable and could be noticed by the watchful eye of someone in your industry. Three ways to use social media positively: LinkedIn Make connections with business and colleagues Twitter Post relevant industry content on your @twitter account Facebook Have a separate Facebook account for work colleagues and your personal friends Follow these ideas and suggestions when you update your cover letter and resume. We’ve covered a lot, but taking it step-by-step will make the process less overwhelming. If your current circumstances leave you with little time, or you need help putting your best foot forward in print, can help. Whether you require basic editing assistance or are starting from scratch, our writing staff can help set you apart from other candidates. With over 200 professional, MA, MSc, JD, MBA Ph.D. accelerated writers, we can ensure that your resume is a step above the competition. You can contact toll-free at 1-800-573-0840, by email at sales@masterwriter.ca, or place an order online through our online service page.

A Survey of the Current State of Security in Smartphones Term Paper

A Survey of the Current State of Security in Smartphones - Term Paper Example This is why they have found their way into our everyday activities, and entrust them with our most valuable information. The down side to this is that since these technologies are used by people everyday and hold our most important information, they are also extremely prone to attacks. Personal computers can be hacked, or could get viruses and spyware, while networks are the target of security breaches, and of course, smartphones can be attacked as well. These technologies are targets for the same reason we use them; they are capable of running our lives. Nowadays, you can do banking from your home or phone. You can transfer bank funds via your network, you can keep the passwords of your utilities in your Smartphone, and you can also keep track of your stocks and other assets through these methods as well. Attacks come in different forms and target different kinds of information. This paper will focus on one of the above mentioned technologies, the smart phones, it will look at the k inds of attacks that could affect a smartphone, and look at current literature regarding available security options for smartphones. This paper will concentrate on smartphones and it will dig deeper into the current status of smartphone security. It will be discussed as: What is a smartphone? Discussion of literature regarding attacks on smartphones Discussion of literature regarding security options for smartphones. ... on a personal digital assistant or a computer.† This means that technically, smartphone is a miniature personal computer or laptop that is able to make calls because according to the article, â€Å"A smartphone also offers the ability to send and receive e-mail and edit Office documents, for example.† These kinds of features allow us to do banking, social networking, communication of multiple methods, and asset management through these devices. This is normally used and abused by business owners and company managers that need to bring their work wherever they go, or by entrepreneurs and free-lance employees and contractors as they may get work orders at any given time. These functions are very useful for people on the move on a regular basis, and even for people who feel the need to stay connected on a regular basis but as advanced these functions may be, they are also more prone to attacks such as viruses and spyware. When comparing regular phones to smartphones, althou gh smartphones generally have more capabilities, they are also much more prone to receiving and being affected by viruses, as some older phones either are not able to receive viruses or even if they do receive them, most to not have the ability to run them. Discussion of literature regarding attacks on smartphones As we know, there are many different smartphones, using different operating systems, with different interfaces and applications, and as previously mentioned, there may be just as many ways of attacking these smartphones. This part of the paper aims to discus current literature regarding the certain kinds of treats and attacks that smartphones are normally vulnerable to. This particular portion also would like to touch on some of the reasons why smartphones get infected or become targets of

A roller coaster ride Essay Example | Topics and Well Written Essays - 500 words

A roller coaster ride - Essay Example This paper illustrates how the author boarded a cabin alongside a number of children and fastened the seatbelt, the ride promised to be exhilarating. He experienced both fear and excitement in equal measure. At some time, the researcher nearly jumped out of the machine. Looking straight ahead, the track rose into the sky until he could not see any more of it. On the other end, he could see the track falling into the ground and twisting right back into the sky. The author felt nauseated and nearly jumped out. However, before made up my mind, the cabin cocked into life. It hummed steadily as it began moving slowly. The cabin picked up the pace and before the author knew it he was climbing the metal hill straight into the sky at a high speed. He looked back at his father and he could see his size diminish with every inch he climbed. The other children in the cabin were screaming either in joy or in fear, a feature made the author’s experience at the cabin more uncomfortable. The cabin got to the peak of the climb and the author saw the entire horizon. The view was breathtaking though he could not describe the feeling. He enjoyed the view from the sky. However, the experience did not last for long since the cabin began falling. The cab fell out of the sky quite literally. The author could feel his body mass dragging me to the ground. The screams from the other children heightened as he sat still looking.

The Classical Realism In International Politics Essay

The Classical Realism In International Politics Essay Classical Realism is an important theory that defines the international politics relations. Realists see and study the world as it is, and not as how ought to be, as the idealist theory does. From a rational point of view the realists believe that the world is imperfect, as the base, is human nature, as Morgenthau stress is the result of forces inherent in human nature. (1985a:3) This negative human vision is expressed by Robert Gilpin  [1]  in The Richness of the Tradition of Political Realism: realism is founded on a pessimism regarding moral progress and human possibilities. (1986:304) The Realist theory has presented a fundamental unity of though across a span of nearly 2,500 years. Thucydides, Niccolà ² Machiavelli, Carl von Clausewitz, Gilpin and Hans Morgenthau present among others the main thoughts on Classical Realism. (Ned, 2007:53) For realists, states are the principal entities in the study of international political relations. Nation-states are defined according to Hans Morgenthau as an abstraction from a number of individuals who have certain characteristics in common. (1985f:117) This theory understands states are egoists and they only act under their own interests; an interest that is defined by Hans in terms of power. (198a5:5) In addition, this theory emphasizes all states coexist in a system so-called international where the main characteristic is the eternal fight for power due to states only seek their own goals. States reflect this struggle for power in their external policies where diplomacy  [2]  becomes an important manner to resolve conflicts as well as signatures of alliances. For this reason, order, justice and change are the central studies of their writings. (Ned, 2007:53) In the study of politics, Classical Realism accentuates the similarities between domestic and international relations, as the importance role of ethics and community in both fields. Also realists study the international system as principles of order where they help to actors to get their own interests through discourses and identities. According to Thucydides and Morgenthau when those discourses and identities changes, the system changes too, towards modernization and the consequence of this is hegemonic war. As we have seen states are the central subject for realist theory and the internal governments gathered by individuals convert states in rational actors. The authority of any state is leaded therefore, by human ration that will always follow self-interest. Thus national security becomes the biggest preoccupation states have rather it is on the top list of issues, as in the international sphere there is no authority to control other ´s interests. Power and military issues then shape world politics and become a decisive point on Realist theory. The national interest of peace-loving nation can be defined only in terms of national security, and national security must be defined as integrity of the national territory and of its institutions. National security, then, is the irreducible minimum that diplomacy must defend with adequate power without compromise. (Recchia, 2007:541) Furthermore, realists explain that states will act maximizing their own self interests, even if they have to use force. States seek power and they calculate their interests in terms of power, whether as end or as necessary means to a variety of other end. (Viotti and Kauppi, 1998:158) Hence, the struggle for power among states remains central in the international relations too, as Morgenthau stress international politics, like all politics, is a struggle for power (à ¢Ã¢â€š ¬Ã‚ ¦) power is always the immediate aim. (Viotti and Kauppi, 1998:56-57) Definition of Realpolitik, thus acquire relevant importance for this theory as it refers to power and power politics among states. (Viotti and Kauppi, 1998:59) In fact in the sixteenth century, Machiavelli wrote about state security (that could be seen in terms of power as a way to keep the national power) in his important work, The Prince. However, some authors have criticized his thoughts as immoral, as he understands all acts of the Prince are justified by its ends which seek is to assure the national security: because it is often (for the prince) to operate against his own faith, as well as against charity and humanity, in order to preserve the state. (Recchia, 2007:533) This is the well known raison d ´Ãƒ ©tat where individuals answer to one moral and the sovereignty to another one. Therefore, ethics and politics go separately. By contrast, Morgenthau political theory is opposite to Machiavelli ´s raison d ´Ãƒ ©tat as, he believes in the existence of a universal moral code that ought to guide responsible statecraft. (Recchia, 2007:537) On the other hand, diplomacy is an essential instrument in the maintenance of security, as well as military capacities and power which become indispensable too. Therefore, those capacities are seen as high politics, while others as finance or economics will rest in lower politics. However not for that is less important, as economics moves power and foreign policies were determined by them. FOREIGN POLICY IN THE REALIST THEORY: Hans Morgenthau Hans Morgenthau, the father of the modern realism, in his work Politics among Nations analyzes the same subjects as realism theory does although he will center the attention on national interest and power. This essential book even if it was written during the Cold War  [3]  , is as present as any other work nowadays. Indeed he has been considered one of the most important thinkers in the twentieth century, and has had a big influence on the contemporary thoughts. We will use this work, Politics among Nations in this dissertation as is the principal key to understand the Spanish foreign policy during World War II. Morgenthau as realists do, sees the world as imperfect, where there are constant opponent interests between individuals, and because of this, the international system is in permanent conflict. States as main actors in this international system must be prepared to go to war. The author also, conceives politics as the way to obtain and to maintain power and the way to pursue it. Hence, power becomes the reason for existence, and the international system remains dangerous as states are in persistent conflict. Power is not understood in terms of military force, rather is focused on the psychological influence. There is a clear difference between power as political influence and power as material that could be military force or economics. We consider that his theory can be summarized on the first point of his six main principles: First, politics as society in general is governed by rational laws and they have their roots in human nature, therefore it is possible to develop a theory that could reflect those laws. Realism basically, explains facts and gives meaning to them inside the international sphere. The main indicator of Realism is the concept of interest which is defined in terms of power which is recognized universally and necessary in the study of international politics. (Morgenthau, 1985a:5) Behind states, statesmen will act under their own interests thinking with rationality therefore realism stresses rationality and objectivity. But the other face of interest is that it can control men: interests (material and ideal), not ideas, dominate directly the actions of men. (Morgenthau, 1985a:11) For international relations, the study of acts taken by statesmen is crucial. Therefore, international politics could be seen as the actions between states, understood as foreign policies. Morgenthau in the second principle understands as good foreign policy those that are made in the correct moment and with rationality. Foreign policy ought to be rational in view of its own moral and practical purposes. (Morgenthau, 1985a:10) It will be successful when the risks will be minimizes and maximizes the benefits. On the other hand, the concept of power is indispensable for international politics. Power is understood as, anything that establishes and maintains the control of man over man. (Morgenthau: 1985a:11) As we have seen before, nation-states will act in terms of power, in terms of domination. Therefore, balance of power is present in the international society, as states will act to change power or maintaining it. Another principle regards morality aware the international politics. It means that it can not be applied to states the same moral principles as it is done on humans. The individual may say for himself, fiat justitia, pereat mundus (let justice be done, even if the world perish), but the state has no right to say so in the name of those whose are in its care. (Morgenthau: 1985a:12) Hence, realism refuses to identify moral aspirations of one nation with moral universal principles. This German thinker understands as foreign policy the external actions states pursue in the international system where the core is the national self-interest and power. Below we will study the three main principles that Morgenthau wrote on his work considered essentials for this case-study. 2.1 National-Interest National interest is the key concept for Realism in the understanding of foreign policy. In the study of the national interest, Hans Morgenthau becomes one of the most important thinkers being the maxim authority in this subject, not only because he presents the main study with his work (cited before) also because he creates almost a scientific theory. According to him national interest refers to the essence of politics. The idea of interest is indeed of the essence of politics and is unaffected by the circumstances of time and place. Interest is the perennial standard by which political action must be judged. Yet the kind of interest determining political action in a particular period of history depends upon the political and cultural context within foreign policy is formulated. (1985a:8-9) Other authors as Osgood, defines national interest as a state of affairs valued solely for its benefits to the nation. (Gonzalez, 8) Contrary to realism, he defines this concept as an egoist behavior states normally take. For Frankel, national interest is defined as the general and permanent ends why a nation acts. (Rubio, 64) Also, Marshall says national interest refers to the political objectives upper internal and political controversies. It means the maintenance of peace, the preservation of security and the national protection in the international sphere. (Rubio, 64-65) Therefore, states will take foreign policies acting and thinking on their own objectives and on their own interests without having in consideration other states necessities. However nations will be limited in their actions by the behavior of the rest of states, the freedom of choice of any one state is limited by the actions of all the others. (Viotti and Kauppi, 1998:73). On the other hand, Thomas W. Robinson  [4]  does a classification about the different national interests exist through the analyses of Hans ´s Morgenthau work. (Gonzà ¡lez, 23) He says first, states will defend primary necessities: the physical, political and cultural identity of the nation, as well as, the survival of the state fronts any external aggression. The second interest refers to individuals and diplomats based on their protection and security. It is important to explain according to Hans, that the kind of interest will be determined by the political and cultural context. (Morgenthau, 1985a) 2.2 The importance of power Contrary to other thinkers, Morgenthau stresses states interest is in terms of power: The main signpost that helps political realism to find its way through the landscape of international politics is the concept of interest defined in terms of power.(Morgenthau, 1985a:5). Hence, power becomes the second essential key for Realism theory in the international field. States will act according their own interests as statesmen think and act in terms of interest defined as power. (Morgenthau, 1985a:5) Therefore, states leaded by statesmen pursue power. Hans will show in his work three ways for the struggle of power, but we will study only two: the maintenance of power and the increment of this. This importance of power will be essential to explain later the Spanish foreign policy during World War II.