Opinions on Corporate Social Responsibility A Perspective from Joseph Stiglitz

Euthanasia For life essays

Euthanasia For life essays In the magazine article entitled We Are Not Immune written by Ronald J. Glasser M.D. He discusses diseases, viruses and epidemics to Americans health. He argues that no matter what we do to prevent these sicknesses, we will never be immune. He also explains how the United States of America is not the best country for health care, contrary to popular belief. With all the money Americans spend on health care every year every one should be covered, but this is not the case in America. Meaning that the government is not doing enough to help its citizens. There are many things we can analysis in this lengthy article. The author is a doctor who is very knowledgeable on many aspects of medicine on people. He argues that the causes of illness in America are due to many factors. Not only are we to blame it is mostly the governments fault, for not giving accurate resources for its citizens to rely on. There are many premises the author of this article points out to the reader. 1. A public health system is only as strong as its weakest link. - Meaning that the health system is not as strong as we actually think it is. 2. Public-health departments across the country have never recovered from decades of cutbacks and downsizing. - The health system is still weak from tragedies. 3. Crytosporidium made its way to humans through runoffs from farmlands. - If we focused more of the causes we wouldnt need to focus on inventing a cure. I believe that the authors claims and evidence in this article is indeed very deductive and is producing an overall good argument on his points. Medical historians describe the last few decades as the age of the emerging plagues. Overpopulation, poverty, ecological devastation and of these factors conspire to create the conditions for unprecedented death by infectious disease (Glasser 1). I believe this quote is saying ...

Capstone Project- Project Structure Assignment Example | Topics and Well Written Essays - 1000 words

Capstone Project- Project Structure - Assignment Example Clear description of type of information dissemination, including details about the types of visual aids and verbal presentation or demonstration strategies to be used to interact with audience members ANY LATE SUBMISSION OF ASSIGNMENTS WILL RECEIVE A MAXIMUM GRADE REDUCED TO 50% AS LATE PENALTIES. THE LATE PENALTIES MAY BE AVOIDED BY COMMUNICATING WITH YOUR COACHES VIA EMAIL. LATE PENALTIES ARE NOT APPLICABLE IF THE STUDENT HAS MADE PRIOR ARRANGEMENTS FOR LATE SUBMISSION WITH THE COACHES. You will use the chart to describe the structure of your Capstone Project. This is similar to the information that Continuing Education providers must submit to medical or licensing agencies to offer sanctioned, for-credit sessions for nurses and other medical personnel. You have already submitted your draft Outcomes and Content topics, so you will need to copy those to this assignment, making improvements or changes as necessary. For this assignment, you must also include at least three peer-reviewed article citations for each outcome (minimum total of nine references). You may include references that are not from peer-reviewed journals, but be judicious in their use, and do not include those in your count of required articles. Moore, N., Traluch, K., & Cooper, B. (2008). Comparison of obesity rates in the United States. Oklahoma Nurse, 51(6), 11. Retrieved from http://libproxy.uta.edu:2066/login.aspx?direct=true&db=rzh&AN=2019581048&site=ehost-live Describe each visual aid, handout, and/or verbal presentation/demonstration strategy that your information dissemination would include. You may use the same strategies for each outcome, or you may â€Å"mix and match,† but provide some outline-level details for each outcome. Here are some of the types of visual aids you might use: Record the amount of time needed for each activity or part of your presentation. Include time for Q&A at the end of the presentation. Time refers to the time to

RESEARCH AND CRITIQUE Essay Example | Topics and Well Written Essays - 1750 words

RESEARCH AND CRITIQUE - Essay Example In managing a system such as this, the primary side of the IT infrastructure is through the use of the barcode system as it is used to create orders. Fortunately, the technology is readily available, so easily gained that any person can go out on the internet and create a bar code for this type of use. In using a virtual store environment to increase sales and diversify locations without the investment of stock, the management of such a system is minimally necessary and highly dependent on the available external systems of bar code creation and reading. IT Management The good news with creating a bar code system for a virtual outlet concept is that the costs are low and the management of the system is primarily concerned with the calculation of orders and the distribution of product. The application that is used for the system is a free download from a variety of resources for the consumer and the creation of bar codes can be done by anyone who has accessed to the internet and to a s ystem that allows for the complete functionality required. Horizontal service level agreements are created when a company uses an external resource for creating an integral part of their IT business model infrastructure. The problem that can come from a horizontal service agreement is that the service will be limited by the terms of the agreement and collaborative structures may not always be part of the agreed upon items that an external resource is willing to address (Beulan, Ribbers, and Roos. 2011). A company like Tesco uses internal resources in order to handle this side of the process. In creating a system in which sales and order calculations are integrated with inventory and distribution, the company is able to control their system and devote full attention to the issues that arise. On the other hand, a vertical agreement is made for application management. The service is offered on a per application basis is concerned with the whole process and is a much more amenable type of agreement (Beulan, Ribbers, and Roos. 2011). The nature of the agreements are made through this type of encompassing responsibility because an application will not work if the whole process is not attended, thus in this way, the external resources are using the same sort of theory that Tesco has designed, which is an internally controlled system that will work or will be worked on until it does work. This is good business as an application has no value if it does not work. In managing the IT infrastructure for a e-business model concept, a great number of pitfalls can occur. According to Sparrow (2003) the smartest way to manage IT infrastructure is to outsource the management of IT elements selectively. The management of specific parts of an IT system can be sold to different providers. Academic research has shown that the most successful businesses will have selective outsourcing strategies. Tactical outsourcing occurs when specific problems are beyond the capacity of internal resources to manage. Strategic sourcing occurs when a company looks for a designed package of resources from which to outsource their needs, creating the highest level of product for the lowest possible cost by using different sources for different aspects of the structure (Sparrow 2003). In sourcing is, however, almost universal as most businesses will retain some of their IT management in house. It is not always the most reasonable

NASA Essay Example | Topics and Well Written Essays - 1250 words

NASA - Essay Example NASA's primary activities or business activities start from inbound logistics then it moves to the operation side or production side (designing and development of shuttles, satellites, space stations, rockets, etc.) then it moves to delivery side or outbound logistics (shipping the completed products to the respective authorities usually another department of the administration) then finally enters into the feedback and product enhancement phase. NASA has already spent billions of dollars in its research and development program. NASA's annual R&D budget is more than many countries overall budget. The process of technology development is vital for any company to grow further and gain reputation in the market. Every company's success depends upon its people - how dedicated and qualified they are. Hiring of people in an organization like NASA is not an easy task. The organizational span of NASA is very big and they have to hire people from a peon level to a scientist level. NASA's infrastructure depends upon various tasks; it handles general management issues; accounting and finance department; affairs of government & legal issues; and other issues created or caused by other support and primary activities. Outsourcing has become very common through the globe; especially western counties like the U.S.A., Canada, and England want to outsource their work to reduce cost. Hundreds of industrial giants, including Microsoft, Cisco, and Intel have already outsourced their work to other countries to save billion of dollars. Opportunities to Outsource Globally - NASA Like any other organization, NASA also has opportunities for outsourcing its activities. There are many activities that NASA can easily outsource to other countries

Development of Interactive Science Learning Material

Development of Interactive Science Learning Material Firoz Hasan Project Objective Tab-Based Interactive Science Laboratory for school’s Students. The objective of this project is to use create an interactive science laboratory on the tab for the students in grade 3, 4, and 5 of the primary stage. The proposed application is supposed to help the students in such grades to implement and interact with the scientific experiments mentioned in their science books using augmented reality and graphics in a risk-free environment Problems Definition Being citizens of third world countries, It has been heard since very beginning of life that getting high marks in school will ensure future help in getting admission in faculties of universities that are of high demand. Moreover, it has been guaranteed with jobs after graduation. No scope for creativity, zero innovation invention. Most people only concentrated on official jobs but they don’t think about development and interact much with nature. It is said as proverb that learning in childhood is similar to stone inscription that’s hard to be erased. The problem is that people are motivated wrongly since childhood not knowing the main aim for education and learning. This is the main problem of third world countries that leads to the opposite direction of development. The problems remain as they were. The main aim for education and knowledge and learning is to use them properly to solve daily life problems, to have a better life by doing researches and make progress in natural science. In one word, to survive and live in this world it is obligatory to know about its nature and exploitation of it for existence. If children are motivated by this reason then there will be no excuses for aggravation. Moreover, interaction with nature is a great factor that can make big differences. As this application will be related to virtual lab interaction that satisfies the needs of the pupil of primary stage, so it is necessary to discuss about the importance of lab and lack of labs’ effect in Egypt. It’s proven scientifically that picture is the best way to memorize things. So lab is definitely the most suitable place to learn the most because everything here is real or can be seen. Moreover, as it has been mentioned before that anything learned in the beginning of childhood will be always remembered. For example, it’s seen that plant is guided by fences to grow it in one direction. So they grow up as strong rooted tree. Similar to plant , pupils of primary stage must be directed in this way. They must be given chances to attend lab in order to understand the natural science easily and in it’s way practically by interaction. So they will grow up as a well educated person. However, as Egypt is a third world country, labs can’t be provided in most schools because of lack of funding, intention etc. For that reason I am going to create virtual lab interaction application to help our primary stage’s pupils. So its time to figure out the reason of superiority of Western education. Motivation of Western Science Related Education Its superiority Western education is characterized by the right motivation for children with right direction and direct interaction with nature. It is said that necessity is the mother of invention. This proverb is well explained by Western education practically. For example, a person does something certain when he needs to do it or forced. If problems are on his way, then he thinks more creatively until he reaches to his destination. We as human beings work or solve our problems for only one purpose and that is our existence. Western education successfully penetrates through the logic of children with idea that you must or have to study or have enough education in natural science because of your survival. Moreover, with additional weapons such as lab for interaction with nature and creative stuffs that successfully encourages them to learn natural sciences. So Western (European) education leads its nation towards the path of continuous development. Previous Work Virtual lab interaction application is not a new idea to do projects on. There are many past projects that are presently in use by many research centers and universities. Followings are examples of projects that are widely used by many institutions. The Virtual Lab Series The Virtual Stickleback Evolution Lab has won several awards, including top honors in the Pirelli International Award competition, which recognizes it as the best multimedia products designed to use the Internet to educate about science and technology. BioInteractive’s series of virtual labs provides students with the opportunity to practice the skills and techniques of scientific research in a fully interactive, virtual environment. Virtual lab online Moreover, Virtual lab online applications is designed by Indian public universities under the governance of Ministry of Human Resource Development to support students and to ease the burden of problems. Solution Now it is obligatory to discuss about the proposed solution of problem. Before moving to the other points of analysis, its needed to conclude the point of problems or complains that because of poor education system that unsuccessfully delivers the aim or purpose of education, many students are forced to study subjects that are not in very need. Now, as it has been written previously that one of the main differences between two education systems is lab or interaction with the curriculum. The simple solution of our problem is building labs in schools. However, as this project is been done specifically about Egypt, this is almost impossible to be implanted. There are many reasons behind impossibility such as lack of funding in education field, lack of honest intentions etc. The main reason is the lack of honest intentions of government or in other words though it may have honest intentions, failure is always on their way because of implementation technique and future planning. Moreover, this is a long time process that can do nothing instantly for our problem. So its time to think for other alternatives. As in this part of project, the proposed solution is to create an Android application of virtual lab interaction. Virtual lab interaction application is where students of primary stage can do experiments on their Android tablets. Nowadays, tablets are in very affordable price and are very popular with middle class families. In very near future, tablets will be all over and in every one’s hand. Moreover, most of tablets are run by Android OS. So virtual lab interaction will be very useful to our students of primary stage. This application has many good features such as it’s environment is completely safe and doesn’t contain any hazardous or dangerous materials compared to real labs. Moreover, it’s user friendly interaction and easy movement of scientific materials eases the process of learning and saves time greatly compared to the real one. It’s must to be mentioned that I am going to add other features such as videos of experiments, puzzles and small quizzes. Moreover, whole the curriculum will be explained in very simple and organized way with animations and pictures and followed by small quizzes. Interactive Science Laboratory Description Properties This application is similar to portable lab. It’s the virtual lab for tablets to handle experiments, simulate analyze with different kind of lab tools. Virtual Reality In this application, it is possible to conduct real life experiments it enables the parallax effect from different angles so users will get experience like a real lab. Risk Free Conduct dangerous experiments without worrying about anything like breaking beakers or getting cut by broken glass. Deeper Learning Utilization different label helps to get the precise mass, temperature, thickness and volume of each substance in holders. Required Equipment Language : java Operating System : Android IDE : Eclipse , Android Studio Application Framework : libGDX Timetable indicating the activities and their target dates Activities Target Result Analysis Phase The Analysis Phase is where defines complete Strategical direction all over the tab-based interactive science laboratory project lifecycle break down high level project needs to more detailed requirements. Its required to gather requirements in this phase which simply asks at what is needed for this project. So analysis phase will identify gaps between reality and goals. Design Phase This design phase will identify architecture, blueprints how the application looks like. The design phase shows how those functions will actually be implemented in the system. This phase will utilize gathered information of analysis phase. This is the phase where identify what the application needs, how to use it, how much current idea of application needs to change based on requirements. In this tab-based interactive science laboratory project design phase is going to have scenario drawing of each experiments. It will explains every single details of each experiments, what will happen when users press button, how to interact with application etc. So its needed to be careful in design phase, as any flaw or error can lead a failure application. Implementation Phase After completing design phase its time to start implementation. So main focus of developing or actual coding will start in this phase. It will take the longest time in whole project. Basically for this tab-based interactive science laboratory application the core programming language will be java special development application framework called libGDX. libGDX uses some third-party libraries to provide its functionality, these include Lightweight Java Game Library,  OpenGL,  FreeType,  mpg123,  Vorbis, SoundTouch Audio Processing Library,  Box2D,  OpenAL, and  Kiss FFT etc. Testing Phase This phase provides information about quality of the application, ideally testing will exercise the system in all possible ways. It reveals bugs, detect flaws in application, identify logical error etc. The main goal is to evaluate the system as a whole, not its parts. Documentation Presentation Phase It is the final phase which is going to take approximately 3-4 weeks. Its needed to make presentation write dissertation 70 80 pages which should contain abstract, methodology, results, conclusion, references. Benefits Advantages No more lab required, just need a tablet. Risk free so learning process is fast fearless. Hands on experience so student learn by doing experiments. Every experiments add some new features with very interesting and user friendly interface a lot of multimedia. No complex setup or installation required. Every experiments is like scenario of a story so the student will never feel bored easy to understand. So this application teach them, help them in doing experiments , test their capabilities of doing scientific experiments. Generally student has School Book where they can only see experiments picture and imagine. External Book some extra exercise nothing more. School Lab limited time access not risk free environment. This application will implement the experiments more than once in a risk free environment, students are required to use them interactively learn the experiments by themselves, this application is going to test students capabilities through some exercises and quizs by this way it is possible to get all benefit without any disadvantages. At last it can be hoped expected that tab-based interactive science laboratory project can serve primary level students well students will get benefitted from this application. Reference Lists Chemical Reactions.Chemical Reactions. N.p., n.d. Web. 19 Dec. 2014.Retrieved from http://www.learningscience.org/psc3cchemrxs.htm And, Les.PHASE 7: TEST PHASE(n.d.): n. pag. Web.. Retrieved from http://doit.maryland.gov/SDLC/Documents/SDLC Phase 07 Integration and Test Phase Multiple Hardware.pdf Biochemistry and Molecular Biology EducationVolume 29, Issue 4, Article First Published Online: 10 OCT 2008.Development and Evaluation of Virtual Labs and Other Interactive Learning Tools.Retrieved from http://onlinelibrary.wiley.com/doi/10.1111/j.1539-3429.2001.tb00108.x/pdf Christou, Ioannis T., Thanassis Tiropanis, Sofia Tsekeridou, and Konstantinos Roussos. Grid-based Interactive Virtual Scientific Experiments for Distributed Virtual Communities.International Journal of Continuing Engineering Education and Life-Long Learning20.6 (2010):Retrieved from http://eprints.soton.ac.uk/265273/1/LGH-book-chapter.pdf KET Virtual Physics Labs.KET Virtual Physics Labs Blog Posts RSS. N.p., n.d. Web. 19 Dec. 2014.Retrieved from http://virtuallabs.ket.org/physics/ Lizard Evolution Virtual Lab | HHMIs BioInteractive.HHMI.org. N.p., n.d. Web. 19 Dec. 2014. Retrieved from http://www.hhmi.org/biointeractive/lizard-evolution-virtual-lab

Coles Sales Promotion Essay

Pacific managing director of Nielsen Consumer Group, saidâ€Å"It’s no surprise that consumers are increasingly concerned about their household budgets in response to such fluctuating economic conditions, and the cost-saving strategies currently being employed by consumers are likely to continue well into the year. †(Jessica Kennedy,2011)Due to the rising concern of the current unstable economic condition in Australia, the people have developed a tendency to save or spend only what is necessary. There is also a concern for the rising food and fuel prices and more and more people are looking for good deals and bargains for the basic necessities required to run a household. If this holds true to the working population then this will hold true even more to the student population in Australia who perhaps only have a part time job and live on a fixed budget. Market analysis: The student population contributes a lot to the economy of Australia. In 2008, the total tertiary student community in Melbourne was around 208,800 people and international tertiary student population numbering was at least 28,150 (Melbourne City Research, 2010). These numbers have steadily risen in the past years and will continue to do so. From this situation analysis, it can be derived that it would be a successful venture if fresh and frozen fruits and vegetables were offered at a discounted price by Coles to students in Melbourne for a limited period of time. And if the response is successful in Melbourne it can be an option to expand to other cities as well. Sales promotion pitch: Offering a 15% discount to students from the 1s of July to the 31st of July on all of Coles’ fresh and frozen fruits and vegetable line. SWOT analysis : Strengths:The current economic condition will help the response to a sale if it is held. It will attract the customers and increase revenue. It is also a healthy campaign as fruits and vegetables are being offered at a discount to students to encourage them to eat healthier and will boost the image of Coles. Weaknesses:The risk that the response may not be as enthusiastic as predicted from the target audience. Also that it is targeting a very specific segment of the market and that can be risky to the campaign if the response is not as predicted. Opportunities:The option to hold this sale every half year or more frequently if response is good and also in a larger number of cities. Threats: Competitors like Woolworths and Aldi may also put their items on sale to compete with Coles. Target Segment Demographics: Treating the market as heterogeneous, as all the people of Melbourne are not being targeted and they don’t have similar wants, the target profile for the campaign would look like the following : * Age|* Late teens and above| * Gender|* Male and female|Geographic area|* Melbourne| * Occupation|* Students| * Household size|* Living alone or with housemates| * Lifestyle and Habits|* Lives on a budget, tends to look forthe most reasonable prices, prioritizes saving andhas a slightly more healthy lifestyle. | The typical profile of the segment being targeted would be a College student who Lives alone or with housemates or in a dorm and who purchases their own groceries. Within the target audience there will be differen t views and attitudes about fruits and vegetables. The types of opinions are usually four in kind. They are: * The appreciators: will be the portion of the target market that like eating healthy and enjoy eating lots of fruits and vegetables. These people may be more health conscious and aware of the fact that fruits and vegetables are a very important part of the diet. â€Å" I love fruits and vegetables! They are a part of almost all of my meals for the day†* The acceptors: are the segment of students that eat a moderate amount of fruits and vegetables but also prefer meats and other food items.I like fruits and vegetables but I don’t like including them in all my meals, I prefer meat†* The resistors:this segment is not very fond of fruits and vegetables but eat them on occasion. â€Å"fruits and vegetables are ok but I would rather eat something else†* The rejecters: This portion of students is strongly against adding fruits or vegetables to their daily meals and would most definitely eat other foods ins tead. Insert refrence pg. 206 One of the purposes of the campaign is to try and get the percentage of the resistors and the rejecters to convert to either the acceptors or the appreciators. Time frame: The promotion will last for one month. Starting July 1st and ending July 31st. The duration chosen is during the offseason period where there are no big sales held otherwise. This will make it easier to persuade the target market to purchase their groceries at Coles as it will be cheaper to do so. It gives them an incentive to buy. 20 specimen subjects from Chisholm College that fit the target profile completed a survey about why they picked a particular store over another. Four fixed options were asked and the results were as follows: More than half, i. e 11 people out of 20, said that the main reason they choose a store was because of its low prices. 6 people said they choose a store according to how conveniently it’s located, 2 said it was because of loyalty to the store and 1 said because of good customer service. This further emphasizes the fact that if a sales promotion was held, the response would be enthusiastic and the campaign would be successful. Main Objective: * Increasing the sales of fresh, frozen and canned fruits and vegetables by 5 to 10 percent in the month of July. Initially only in Melbourne with an option to expand to other cities if the response is positive. Additional objectives: * Enhance customer loyalty * Create new customers * To reinforce brand advertising * Encouraging students to eat healthier Perception – achieve at least a 65% increase in awareness of the sales promotion in the firstweek Cognition – Achieve recall of discount period at Coles by at least 80% of the students in Melbourne Persuasion – Make the target audience want to go to Coles for their groceries rather than its competitors Emotion – Induce humor and fun through the advertisement Association – Associate Coles with the most reasonable prices and quality goods Behavior – Persuade at least 3% of the customers that shop at Woolworths, Aldi and other competitors to switch over to Coles Approach: The type of approach to be used for this promotion is the emotional approach and a soft sell strategy. Humor will be used a medium in the advertisement to allow students to relate to the campaign easily and for retention of the message to create the need to buy fruits and vegetables at Coles. An anonymous survey was conducted using 20 students in Chisholm College that fit the target audience. They were asked to state what kinds of advertisements they remembered the easiest out of a given three choices. Out of 20 students, 15 said humorous advertisements were the easiest to remember, 2 said informative and 3 said shock advertising. Pull promotional strategy: ‘ In a pull strategy, the manufacturer directs the majority of its promotional effort towards the ultimate consumer in an attempt to get them to pull the products through the marketing channel. ’ (McColl – Kennedy, JR, 1994) A pull promotional strategy creates a high degree of awareness amongst consumers and implants a desire and an interest for the product. This makes the customers to go to the retail store with the determination to find the product to purchase it and if it is not available they urge the retailer to stock up on it. This is the strategy that Coles is aiming at following as the message will be sent directly to the ultimate consumers who are in this case the students, urging them to purchase frozen, fresh and canned fruits and vegetables. And when the demand exceeds the supply, it will cause the Coles retail stores to urge the wholesalers and other links in the product chain to acquire the product causing a pulling effect through the marketing channel. Communication: In order to inform the potential customers about the promotion, effective and efficient advertising must be carried out. The use of Television, the internet, newspapers and magazines help in doing so. Since the target market is only students, it would also be productive to display the advertisements on social networking sites on the internet. To further reach students fliers can be put up on the notice boards and in the college magazines. Point of purchase displays also helps as it improves in store branding and keeps the customer informed. Having sales signs near the product also can lead to impulse buying. The key message sent out here would be that it is cheaper to buy your groceries at Coles than at any other supermarket. Eliciting the desired response: The main reason for fierce advertising and promotions is due to the reason that the sales promotion will be carried out for one month only. During this time period, Coles seeks to attract as many customers as possible to their stores in Melbourne. It is true that the potential customers go through a behavioral or psychological process before purchasing a product called a response hierarchy. The Coles advertisements and promotions seek to fulfill all the steps in this hierarchy chain.

Bank Bailout 2008

Bank Bailout Outline I. Introduction II. Background III. Opposition’s point 1, refute, 1st support for thesis. a. Credit Card Act of 2009 b. No Change at all, Banks still operating the same way IV. Opposition’s point 2, refute, 2nd support for thesis. a. Creation of TARP b. $12. 2 trillion dollars of tax dollars were spent wrong c. TARP allowed many banks to allow credit again d. A majority of banks have paid back TARP money e. After TARP, Economy boosted V. Opposition’s point 3, refute, 3rd support for thesis a. Toxic assets cannot be removed easily b. Government takes more cost, then expects c.Economy will decline with removal of assets VI. 4th support for thesis a. Increased national debt b. Politicians were forced to sign this bill c. No solving of problems â€Å"Let’s hope we are all wealthy and retired by this house of cards falters† (Bloomberg, 2007). The credit crisis is known as the â€Å"House of Cards†, for years the banking indust ry has transformed many American lives, which has resulted in a troublesome economy. Many factors led to the credit crisis, such as the rise and fall of the housing market, and inaccurate credit ratings helped to create the sub-prime mortgage crisis (Issues & Controversies, 2010).Low interest rates developed easy credit, in which people could get a mortgage and credit cards based on inaccurate credit ratings with the creation of sub-prime mortgages. People have the ability to own a home, with no down payment or fixed income. In August of 2007, the United States began a loss of confidence in securitized mortgages, which resulted in the Federal Reserve injecting $20 trillion dollars into the financial markets to ease the situation (â€Å"Obama Sends Warning to Big Banks, 2010).The most important question to be answered in the decade is â€Å"How a loss of $500 billion dollars from the sub-prime mortgage resulted in a $20 trillion dollar loss in equity values and an entire shock to t he world’s financial system† (Woellert & Kopecki, 2007). The United States government should not have given the financial institutions bailout money, because financial institutions using loop holes in the system to take advantage of their clients, financial institutions operations have stayed the same, and the government’s belief of a tree market economy goes against the bailout.The credit crisis is a â€Å"worldwide financial fiasco, which resulting from sub-prime mortgages, Collateralized Debit Obligations, Frozen credit markets, and credit default swaps† (Jarvis, 2009). The credit crisis brings two people together, people on Main Street and investors. The people on Main Street represent their mortgages or houses, while investors represent their money, which also represents big institutions such as pension funds, insurance companies, mutual funds; sovereign funds (Jarvis, 2009). These groups brought through the financial system, composed of banks and bro kers on Wall Street.As a result of the September 11th attack, Chairman Allen Greenspan lowered interest rates only to 1%, to allow credit to flow; however, investors have a very low return on investment (Snow, 2008). By lowering interest rates, it allows for banks to only borrow money from the Federal Government for 1% plus the surpluses from the Asian and Middle East market, which makes borrowing money easy for banks and to allow leverage (Adding up the Government’s Total Bailout Tab, 2009). The definition of leverage is, â€Å"borrowing money to amplify the outcome of a deal† and is a major way banks make their money (Princeton University, 2010).Wall Street takes out a majority of loans and uses leverage to their advantage, and a heavy flow of capital comes in. In which return, they pay back their original investment. The investors notice that Wall Street is making money very fast, and they want to create a new product to sell to Wall Street. The mortgage connects th e home buyer with a mortgage lender on Wall Street who gives them a mortgage, which is great because housing prices throughout America have been rising (â€Å"Bailed out banks†, 2010).The mortgage lender gets a call from an investment banker who wants to buy the mortgage; and the lender sells it to him, and the investment brokers buys thousands of mortgages. Every month the investment banker gets the payments from all the mortgages that he purchased from the box and cuts the box into three slices â€Å"Safe, Ok and Risky†, and then he packs the slices into the box and calls it a Collateralized debt obligation or â€Å"CDO† (Woellert & Kopecki, 2007).However, greed has risen to the investment banker and wants’ more mortgages; however, the lender does not have any more mortgages to sell, because everyone who has qualified for a mortgage already has one; and the birth of the sub-prime mortgage is born. With a standard loan, the homeowner had to prove his wor th of a home, such as a job, good standing citizen, and assets. However, with a subprime mortgage, it was basically like free money. The person did not have to state their income, nor prove that you had a job.The investment banker and the lender are taking a risk, because if a home owner defaults on their mortgage, the lender gets the house and sells the house for a profit because home values have been increasing (Issues & Controversies, 2010). While home values have been increasing, American incomes have been plummeting for years; and because of sub-prime mortgages, the person did not have to prove income, a person with a $30 thousand dollar income; could own a $300 thousand dollar home. Many people defaulted on their mortgages, and foreclosures have been on the rise. In the United States, foreclosures were up 81% in 2008 and up 225% from 206†, which equals out to 19 per 1,000 households (CBS News, 2008). Due to there was a huge increase in foreclosures, instead of housing pr ices increasing; the houses values decreased in value very quickly and resulted in more foreclosures. A $300 thousand dollar mortgages was now only worth $75 thousand dollars. So all the mortgages that was in the investment banker CDO, now are worthless, and no one wants’ to take the CDO, and now the CDO is acting like a bomb (Roney, 2007).The investment banker is now panicking because he borrowed millions of dollars to buy the mortgage, and now he cannot get rid of it; however he is not the only one. Thousands of investment bankers throughout the world have CDO’s on their hand (Bailed out banks, 2010). In result the world’s financial system has become frozen, and everyone starts going bankrupt. As a result of the failure, the United States government rolls out a new program called Troubled Asset Relief Program (TARP) to prevent another bank failure.Under the bank bailout, creation of new legislation to protect the consumer has rapidly increased, and supporters of the bank bailout point to the Credit Card Act of 209. Not only were subprime mortgages affected, but due to the freeze in the credit market in the United States government needed a way to regulate the credit card industry, but also to stimulate spending. Under the Credit Card Act of 2009, they require the financial institutions to give the cardholders 45 day’s notice of any interest rate change and financial institutions are prohibited from using misleading terms such as â€Å"prime or fixed rate† (The White House, 2009).With this legislation in place, it protects the consumer from many of the scams that the mortgage industry used as bait to get clients into buying houses they could not afford, using the subprime mortgages (Roney, 2007). But also it allows for Congress to embrace new regulations placed on the financial institutions. The Credit Card Act of 2009 that has become part of the famous bank bailout, however, it has been shown to protect the consumer, and Co ngress will regulate the new rules placed on financial institutions.For example, â€Å"there is no cap on the interest rate the credit card companies can charge†, and while credit card companies cannot increase you interest rate but only if you are late on a payment, â€Å"However future purchases interest rates can be raised with no reason† (White, 2010). The credit card companies have the ability to raise the interest rate on any purchases, while they must still notify you of the higher interest rate, the ballooning of the interest rate can take place at any time.This is exactly the same measures the financial institutions have used to misinform their consumers and â€Å"kick them when they are down† and â€Å"corrupt the middle class of America† (White, 2010). How the subprime mortgage boomed, had to come from the terms that many of the average consumers cannot understand, and a major aftermath of the subprime/credit crisis, occurred when many people d efaulted on their homes and credit cards (Roney, 2007).Then the mortgage and home will not exist for the family any more, and the credit card companies will balloon their interest rate enough so that the card holders will not be able to pay their credit card/mortgage. In which then the financial institution hounds them and attacks them at their core roots and even calls other family members to alert them of the card holder financial problems because they cannot pay their bills. The banking and financial institution have not taken any actions to prevent another credit crisis from happening again.Supporters of the bank bailout, commonly referred to as TARP, argue that the bailout wiped all the bad toxic assets (CDO’s) which were collected as result of the credit crisis and prevented the assets from hurting the financial institutions. The major recipients were Freddie Mac; and Fannie Mae. Both were government owned enterprises which bought a majority of the sub-prime mortgages ( Roney, 2007). Removing the bad assets from the financial institutions will have a positive effect on the economy because it allows banks to start lending again and unfreeze the markets.Under TARP, some mortgages would require the government to rewrite some of the effected loans, effectively putting more Americans into homes that they will be able to afford and by rewriting the loans also increase the standard of living. John Douglas, general counsel at the FDIC, said, â€Å"It doesn’t make sense to give the authority to anybody else but the FDIC†; he goes on to say â€Å"That’s what the FDIC does, it takes the bad assets out of the banks and manages them and sells them† (Vekshin & Schmidt, 2009). However, the supporters of the bank bailout do not represent correct/valid points/facts.In a study by the IMF of the 124 banking crisis, they have concluded: Existing empirical research has shown that providing assistance to banks and their borrowers can be count erproductive, resulting in increased losses to banks, which often abuse forbearance to take unproductive risks at government expense. The typical result of forbearance is a deeper hole in the net worth of banks, crippling tax burdens to finance bank bailouts, and even more severe credit supply contraction and economic decline than would have occurred in the absence of forbearance. Valencia & Laeven, 2008) As a result of the IMF study, it has concluded that removing the bad toxic assets from the banks could actually hurt the financial institutions and a system as a whole could freeze the credit markets again with a result of an economic decline, instead of an economic incline. Also there is no definition of a troubled market or loan. If the government wants to rewrite troubled mortgages or loans, there are no set criteria to say whether a mortgage or loan should be taken by the government and given to the troubled family.Another point, as Steward said, â€Å"The only way for this pr ogram to work is for enough of the bad mortgages/loans to be purchased to connivance lenders that the problem mortgages cannot hurt the system, or to put in simple terms, the government has to purchase enough mortgages/loans to inspire intra- institution (Stewart, 2008) Furthermore, the institutions will sell the assets that will remain depressed in value; and â€Å"no one is going to sell a asset that has a higher chance of making the institution money (Obama Sends Warning to Big Banks, 2010). In result, under TARP the government has a high probability of taking a majority of the loss.With the bank bailout, the economy will decline, and the government will take a great loss of the bank bailout. Supporters of the bank bailout will say that if the government did not step in and inject $20 trillion dollars into the market, an economic collapse could have happened and set America into another Great Depression. A heavy incline of unemployment; foreclosures were through the roof, a majo r decline in incomes (Solomon, Enrich, & Hilsenrath, 2009). America was becoming a very sick nation, and the bank bailout would help the economy and stimulate the financial institutions to help start lending and unfreeze the credit market.As one writer wrote, â€Å"there was at no time better to inject the financial institutions at this time, if they collapse it may be the sign of the apocalypse† (Bailed out banks, 2010)/ If there was no bank bailout, there is a major chance that this will be a sign of the apocalypse because the United States drives the world and if the major financial institutions such as Bank of America or Merrill Lynch fails then the world economy could ultimately send the world in to another Great Depression.The major reason that the American government should not have passed the bank bailout was the cost to the government. Under the Bush administration, the national debit doubled to a record high $10 trillion dollars (Solomon, Enrich, & Hilsenrath, 2009) . There are more programs that the government has to pay for such as Social Security. Many economists call this the â€Å"polluter pays† which is defined as â€Å"polluters must pay for the cost of cleaning it up† (Princeton University, 2010).When the financial industry is bailed out of disasters, which a majority of the time throughout history, they have created those disasters. If the banking industry feels like they can be bailed out every time they make a major mistake, then the American people will pay because the bank bailout is directly connected to the taxpayer’s funds (Obama sends warning to Big Banks, 2010).A price tag of $700 billion dollar bailout has hidden costs which can go high as $3 trillion dollars, which can â€Å"be the shortfall between the economies potential output and its actual output from the crisis† (Issues & Controversies, 2010). Another factor in the bank bailout is the morality, because the banks do not pay the costs that are imposed on a world society, which the tax payers pay directly into the banks and then the banks pay back into the government. Also, the political had a major role in deciding to pass the bank bailout.A senator said, â€Å"We had no choice. We had a gun pointed at our heads. Without the bailout, things would have been even worse† (Woellert & Kopecki, 2007). While politicians did not have an actual gun to their head, figuratively speaking because they had a oversight on â€Å"saving the banks and shareholders† or â€Å"have saved the banks but let the bankers and shareholders go† because of the final tap that American tax payer will have to pay to the bailout the banks that created this mess (Solomon, Enrich, & Hilsenrath, 2009).The bank bailout was a major mistake in the evolution of the financial world because it did not solve any problems; people can still be charged higher interest rates on their credit cards/mortgages. With TARP, there is no true removal of the bad assets that caused the credit crisis to form the bank bailouts; it only hurts the government because it has to take on the debt. Truly, we have stroke the core of the American people with the credit crisis, but at the same time the financial world has been given more powers and in a free market enterprise, the credit crisis can happen again at any moment.

Free Essays on Time Value Of Money

Understand the Time Value of Money The most basic law in finance! The time value of money states that a dollar today is worth more than a dollar at some time in the future. Okay, it’s not that simple to understand at first glance so let me delve into this advice a little with some financial examples: If I invest $1,000 in a 5% savings account today, it will be worth $1,050 in one year. Therefore, if I can have $1,000 today or choose to have $1,000 one year from now, it is always better to have the money now. By saving and investing today, you make the time value of money work for you. Let’s look at the reverse of this, to see how the time value of money can work against you. Suppose instead of receiving $1,000 that you spent $1,000 by purchasing merchandise on your credit card. Remember that a dollar today is worth more than a dollar tomorrow, so in this case, you will have lost money because you will need to pay off your credit card account with money from the future (which is worth less than money today). In addition to having to pay with future money, you will also have to pay interest expense. So, in this case, if you paid off the credit card in one year (assuming 15% interest), you’d have to pay $1,150. You should think about the time value of money before making any decisions. Another, maybe even more important concept related to the time value of money is the compounding effect of money. The next rule is to understand the compounding effect of money: Understand the Compounding Effect of Money The compounding effect of money is extremely important when making any financial decision. The compounding effect of money is often overlooked or underestimated by people when making decisions. When applied to all of your financial decisions, this effect is the KEY to long-term success! To illustrate the compounding effect of money, let me use some financial examples: Suppose you had invested $1,000 today in a 5%... Free Essays on Time Value Of Money Free Essays on Time Value Of Money Understand the Time Value of Money The most basic law in finance! The time value of money states that a dollar today is worth more than a dollar at some time in the future. Okay, it’s not that simple to understand at first glance so let me delve into this advice a little with some financial examples: If I invest $1,000 in a 5% savings account today, it will be worth $1,050 in one year. Therefore, if I can have $1,000 today or choose to have $1,000 one year from now, it is always better to have the money now. By saving and investing today, you make the time value of money work for you. Let’s look at the reverse of this, to see how the time value of money can work against you. Suppose instead of receiving $1,000 that you spent $1,000 by purchasing merchandise on your credit card. Remember that a dollar today is worth more than a dollar tomorrow, so in this case, you will have lost money because you will need to pay off your credit card account with money from the future (which is worth less than money today). In addition to having to pay with future money, you will also have to pay interest expense. So, in this case, if you paid off the credit card in one year (assuming 15% interest), you’d have to pay $1,150. You should think about the time value of money before making any decisions. Another, maybe even more important concept related to the time value of money is the compounding effect of money. The next rule is to understand the compounding effect of money: Understand the Compounding Effect of Money The compounding effect of money is extremely important when making any financial decision. The compounding effect of money is often overlooked or underestimated by people when making decisions. When applied to all of your financial decisions, this effect is the KEY to long-term success! To illustrate the compounding effect of money, let me use some financial examples: Suppose you had invested $1,000 today in a 5%...

10 of the Most Unprofessional Work Behaviors

10 of the Most Unprofessional Work Behaviors Everyone has weak moments, where a panic moment or a lapse in judgment leads to workplace decisions we’re not especially proud to own. And unfortunately, if there are witnesses to said behavior, there could be whispers about your unprofessionalism that follow you around. However, if you know ahead of time where some of the danger zones lie, you can try to avoid being branded with a scarlet â€Å"U.† 1. Throwing other people under the busIt’s just never a good idea. You may see an opening to avoid blame or disapproval, but if it means offering up one of your colleagues, you’re better off not playing this game. If something truly isn’t your fault, you should stick up for yourself, but â€Å"he did it too!† didn’t work in elementary school, and it doesn’t work now.2. Taking shortcutsâ€Å"You want it done fast, or do you want it done right?† Always err on the side of completeness. If you rush to get things done, mistakes wil l emerge, and you’ll be known as someone who does shoddy work.3. Gossiping about coworkersTalking smack, even if it’s mild or true, may get you a laugh from a coworker in the short term, but it’ll also get you a reputation for being indiscreet and/or catty.4. Broadcasting personal opinionsFeeling the Bern? Itching to Make Donald Drumpf Again? Fantastic, take that passion and spend your personal time making cold calls for your favorite candidate. Don’t bring it into the office, or stand at the coffee machine telling everyone who’ll listen that the real birth certificate will vindicate your conspiracy theories. The workplace is a diverse environment, where everyone needs to get along harmoniously for a common purpose. That might mean staying publicly mum on hot-potato topics like politics or religion, even when you so totally disagree with someone on a personal issue.5. Ignoring boundaries with coworkersDon’t be that guy who has screaming matc hes on the phone with his wife in his open-plan cubicle. Don’t be the lady whose pungent microwaved leftovers permeate the whole office with a salmon-y smell. Or the guy whose cologne makes him a walking billboard for the Axe body spray you never want to smell again. Being oblivious to the senses of those around you can be a huge professionalism misstep.6. Biting the hand that feeds youOh, you don’t agree with every single decision your boss or the company makes? Neither does anyone else. That doesn’t mean you’re free to complain about the powers that be every chance you get. For serious grievances, take them to the appropriate channels (HR, your supervisor). For run-of-the-mill gripes, save those for your trusted confidantes outside of the office walls (spouse, cat, clergyperson). You don’t want to be known as the malcontent who hates this place, because it’ll become much easier to a) ignore your concerns; and b) ding you for not being a te am player.7. Mistaking work-social events for social-social eventsThe office party with an open bar is an open invitation, right? I mean, would your company offer drinks if they didn’t want you to get sloshed and have a good time? It’s a trap! Not an intentional one- at work-sponsored social events, your company probably does want you to have a good time. Within reason. Exercise moderation at these events, because no one respects the professionalism of the person holding beer #5 while loudly demanding that someone play â€Å"Freebird.†8. Monopolizing meetingsYou have ideas- excellent! So does everyone else in the room. The whole point of a meeting is to get different perspectives into a room together. When one person dominates that, others can feel marginalized or frustrated.9. Not following throughIf you promise something and don’t deliver once, it could be a fluke. If you routinely promise the stars and deliver C-level celebrities, it becomes a pattern of untrustworthiness.10. Using devices while talking to coworkersYou may think it looks like you’re a multitasking rockstar, but to you colleagues it looks like you’re giving the issue at hand half of your attention (at best).Your reputation is one of the most important professional tools you’ve got- and unlike your resume, which you can improve and revise with every new job, your rep is often beyond your control. If you do everything you can to make sure you’re putting forth the employee you want to be, that’s what others will see. The last thing you want is for a former boss or colleague to waffle (or worse, tell stories about your public failings) when asked for a reference.

Secondhand Smoke in Asthmatic Children Article Example | Topics and Well Written Essays - 500 words

Secondhand Smoke in Asthmatic Children - Article Example Results of the study conducted by Dr. Robert McMillen and others (2003), show that 70% of US adult smokers do not prohibit or do not have smoking prohibitions at home which puts their spouses', children's and other inhabitants' health at risk. The same study confirmed that parent's cigarette consumption influence their children's exposure to Environmental Tobacco Smoke (ETS) (McMillen, 2003). According to Randall (2006), secondhand smoke, also known as passive smoke, is the involuntary breathing of other people's smoke. In his study, he found out that more than 40% of British children live in a house with at least one person smoking. And secondhand smoke being worse than firsthand smoke, these children is even more in danger of acquiring illnesses such as asthma. Asthma is said to be the most common chronic illness in children (Hansen, 2002). And because studies show that a large number of US homes do not prohibit smoking inside the house, there is a great possibility that the children acquire or inhale some of the secondhand smoke from cigarette and tobacco.

Jews in Babylon Term Paper Example | Topics and Well Written Essays - 1250 words

Jews in Babylon - Term Paper Example The Israelites and the Hebrews joined forces after the end Israelites captivity to form the Judean or Jews. ‘Jews’ will be used to mean the Israelites, in relevance to the question. The exile of the Babylonian Jews into the Diaspora between 597 BC to 539BC is one of the most important transitional periods for the Yahweh and Israelites. The events in the Babylonian exile and the consequent return to Judea resembled that of the of Israelites’ deliverance from slavery in Egypt to the Promised Land. Despite being destined by prophet Jeremiah and told of the 70 years in exile of Babylon, the captivity of the Israelites still displayed social, religious, and cultural changes for the exiles. These changes may be attributed to the changed environment and governance as the Israelites are forced by circumstances to adapt to their new surroundings (Berger & Gerson 54). The influence of Canaanites’ culture, emphasis on idolatry, was absorbed by the Israelites. The Jews that inhabited Judea were made subjects on two subsequent deportations. The first deportation took place the year 597BC under the leadership of Nebuchadnezzar after he had conquered Jerusalem (Berger & Gerson 52). The king of Babylonia attacked Jerusalem with his army to punish Jehoiakim for renouncing his allegiance to his kingdom Babylon. The king of Jerusalem Jaconiah (the son of Jehoiakim) tried fighting but Nebuchadnezzar won the battle and ordered the king and his elders and treasure to be taken to Babylon. Consequently, this meant that the Jewish people were now under the rule of Babylon and evidenced by their capture in Babylon. This marked the beginning of the Babylonian exile (597 BC) as calculated by Ezekiel the prophet. The other deportation occurred after the fall of Judah in 586 BC after conquer on Jerusalem by Nebuchadnezzar and the burning of the temple and palace, and the capture of all dwellers of Jerusalem. Another partial deportation took place after the siege o f Tyre in 582 BC, which resulted to the murder of Jewish governor of Judah, Gedaliah. This was not considered a deportation as the numbers of Jews taken to Babylon were relatively low compared to the other two deportations. Indication of the termination of the exile was first evident with the freedom of King Jehoiachin in 562 BC, and being acknowledged as above all the other leaders in the Babylon court. The actual termination of the exile occurred in 539 BC when the king of Persia Cyrus conquered the city of Babylon. King Cyrus latter ordered rebuilding of the temple of the Lord and permitted the Jews to return to their home in Jerusalem. Ezra and Nehemiah led the significant return to Judea after difficult struggles. The conditions in exile for the Jews were not favorable. The first group that had been deported initially thought that would be left to go back home hastily. They gave credit to false prophets and claimed to be the true Israel, the one favored by Yahweh because of the ir right ways of life. This was easy as they were the leading families in their time. They interacted with the Babylonians and became content with the conditions of the exile following the advice of Jeremiah. This ultimately changed their cultural and economic status as they accumulated wealth and adopted the Babylonian’s way of living. They were viewed as equals politically. While in exile, the Jews enjoyed their life more than those who had been left behind in Jerusalem. They were allowed to