Critical Analysis of the Fiscal Responsibility Act of Nigeria 2007

CRITICAL ANALYSIS OF THE FISCAL RESPONSIBILITY ACT OF NIGERIA 2007: AN OVERVIEW BEING ASSIGNMENT SUBMITTED ON PUBLIC FINANCE (BKF 624) (FIRST SEMESTER COURSE WORK) BY ALAJEKWU UDOKA BERNARD 2008 162 001 MSc PROGRAMME DEPARTMENT OF BANKING AND FINANCE FACULTY OF MANAGEMENT SCIENCE SCHOOL OF POSTGRADUATE STUDIES ANAMBRA STATE UNIVERSITY LECTURER: DR. EZEABASILI V. N. OCTOBER, 2009 Page 1 of 19 ABSTRACT Fiscal Responsibility Act 2007 was designed to regulate and supervise the fiscal activities of public office holders in the country.This paper critically analyses the effectiveness and efficiency of the implementation of the Act; the machinery for implementation; the powers and tenor of the members of the Fiscal Responsibility Board; the appointment of members of the Board; Fiscal policy/activity uniformity in/among the various tiers of government; the fiscal control on borrowing; the key features of the Fiscal Responsibility Act; the consequences of the Fiscal Responsibility Act; the pr otection of officeholders, among others.The paper hoped that Nigeria’s Fiscal Responsibility Act will strengthen the nation’s financial reporting and ensue better management of its resources. The paper then concluded that the FRA provided the much needed deterrent to stop public officers dipping their hands in the states till and then made some recommendations for improvement. Page 2 of 19 Introduction Following the incessant misappropriation, mismanagement, and lack of stewardship and accountability in the nation’s public sector, the Fiscal Responsibility Bill was proposed for consideration by the President Obasanjo administration through the then Minister of Finance – Prof.Okonjo-Iwuala N. The Bill was passed into law in 2007 as the Fiscal Responsibility Act, 2007. The Fiscal Responsibility Act provides for a body known as the Fiscal Management Council that comprises the Fiscal Responsibility Council and the Governing Board. The Council is charged with the responsibility of monitoring and enforcing the provisions of the Act to ensure accountability, transparency and prudence in the management of the nation’s resources by all tiers of government, government corporations or companies and agencies. Therefore, the Fiscal Responsibility Council is the regulatory and supervisory body in the public sector.By this Act, it is expected that the Public Sector would have a definite regulatory structure to act as watch dog on the activities of the public office holders and as checks on financial encroachment between/among tiers of government. This is expected to bring sanity and responsiveness into the public sector and among the various tiers of government in Nigeria. The Fiscal Responsibility Act (2007) is a law to â€Å"redirect government at all levels to imbibe a fiscal behaviour that will promote prudence and sound financial management in the system† (http://www. udgetmonitoring. org/ Page 3 of 19 Spotlights/2007/02/26/News 11618/). The Fiscal Responsibility Act seeks to ensure that the Federal Government will never commit itself to spending money without ensuring that it has the necessary funds in place to begin with (Nwanma, Vincent, 2007). Afemikhe, (2005:6), fingered the poor performance of the public sector despite abundance of mineral resources in the country and blamed all on corruption and mismanagement.Posited thus: â€Å"how is it that a country with abundant human and natural resources, that held so much promise at independence and was trumpeted with significant economic achievements in the decade following the oil boom has so rapidly fallen from grace to grass and indeed appears to have completely lost its way and its focus? The answer lies in the twin evils of corruption and poor public expenditure management†. Afemikhe was not alone in accusing Nigeria of poor management, Africafront. om/news also decried our polity thus: â€Å"our fiscal policies have been largely characterised b y poor planning, massive waste and wrong priorities. We have rarely failed to match our fiscal responsibility acts with the right policies thereby making effective and efficient service delivery impossible†. The site maintained that the FRA is a fundamental action to attack fiscal inconsistency and indiscipline from the head to the root. It is noted that the Fiscal Responsibility Act (2007) â€Å"†¦ aims to ensure fiscal accountability, check corruption, monitor the budget processes and call Page 4 of 19 ublic officials to order†¦ ; it does not appear that there is one final act that should hopefully put the final nail on financial rascality in government (http://www. budgetmonitoring. org/Spotlights/2007/02/26/ News11618/). Nwanma, Vincent, (2007) was of similar view when he asserted that â€Å"no-one expects that it (FRA) will end high-level corruption at a stroke†. According to then Anambra State Commissioner for Finance (2007), Eze Echesie, â€Å"I donâ €™t think any single law can stem or stop fiscal rascality but we have tried to ensure the elements of consensus building in this bill†.Nath Nwabueze, a lecturer in finance at the Federal University of Technology, Owerri warned that the Fiscal Responsibility Act would not cure Nigeria’s problems of high-level corruption and poor budget planning unless it was properly enforced (Nwanma, Vincent, 2007). At worst, the Act will â€Å"commit chief executives at all tiers of government to a set of efficient rules for economic management by providing set standards for the planning and control of public expenditure instead of leaving it to the whim of either the president or state governors.The Act will also facilitate parliamentary and public scrutiny of economic and monetary information and plans; bring a long-term focus to budgeting and thereby minimise risk and fluctuations in government monetary operations and policy (www. africafront. com/news). Page 5 of 19 Statement s of the Problem Nigerian fiscal policies have been largely characterised by poor planning, massive waste and wrong priorities. This they claim spring from corruption and poor financial management.The Fiscal Responsibility Act was enacted with the aim of checking these anomalies in the system. The extent to which the law can do this is not known, therefore, it becomes imperative to analyse the content of the law to ascertain its workability within the Nigerian context. Objectives of the Study The paper aimed critically analyse the contents of the Act in order the pinpoints its possible strongpoint and defects. It will also identify and appraise the basic features of the Act to ascertain its workability in the country.Machinery for Implementation The Fiscal Responsibility Act (2007) has its focal point as the prudent management of the nations resources anchored in accountability and transparency with the establishment of a Fiscal Responsibility Commission to ensure the promotion, imp lementation and enforcement of the Act. One good feature of the Act is that it â€Å"†¦ also have a mechanism through which it can be adequately enforced because our greatest problem in this country is not making laws but enforcing them† (www. budgetmonitoring. org/Spotlights). Page 6 of 19The Fiscal Responsibility Act (2007) they said is â€Å"the first time in the history of Nigeria where an enactment is accompanied with a body to enforce/implement such policy†¦ † (www. africafront. com/news). Therefore, the problem of constitutional battle as to who is responsible for enforcement as may be witnessed in some aspects of financial corruption cases where the EFCC and ICPC may have to be involved in one and/or similar cases. This clash may mar efficiency and at worst, the purpose of such law. This problem was avoided in the Fiscal Responsibility Act 2007.Powers and Tenor of the Members of the Fiscal Responsibility Commission A body corporate with perpetual succ ession was established and known as the Fiscal Responsibility Council. This body can sue and be sued in its name and is responsible for monitoring and enforcing the provisions of the Fiscal Responsibility Act as well as promote the economic objectives contained in S. 16 of the Constitution of the Federal Republic of Nigeria; see S. 1(1-3). The Fiscal Responsibility Act gives the Council independence and immunity in the performance of its functions; see S. (2 & 3). The immunity might cause the members to indulge in ultravires acts and make them â€Å"untouchable† and â€Å"small gods† during their stay in office. Some officeholders may use them to witchhunt their enemies. Therefore, they will be more effective and fair in their judgements if they are answerable to their actions during their stay in office. Page 7 of 19 The Fiscal Responsibility Act gives the Council powers to establish and maintain a fund for the purpose of defraying its expenditures including amount pa yable to the members of the Board of the Council.The major sources of fund for the council include budgetary allocation from the Federal Government, grants from others sources. The funding of the council is a mandatory obligation of the Federal Government; see S. 4(2) . Being that the Commission gets its funds from mandatory Federation Account Allocation; the presidency will have minimal influence on their actions; though the presidency appoints the Chairman (see S. 5) The Act states that the Chairman and members of the Board shall hold office for a single term of four (4) years; see S. 5(5).This may mar continuity since all the board members have to vacate office at the same time. S. 10 of the Act mandate the Board to prepare and submit an annual report containing its activities including all cases of contravention investigated during the preceding financial year, and shall include in the report a copy of its audited report and account for the preceding financial year. This section of the Act makes the body to be â€Å"forcefully† accountable and transparent to the public. This implies that any corrupt fiscal activity not uncovered before the end of a certain financial year under which such ncidence occur might make the public to view the body as corrupt in themselves and be probed. Therefore, for the sake Page 8 of 19 of personal reputation, the members of the board might want to be transparent in their dealings. Also, the Act requires the Board to submit an audited annual financial report to the National Assembly. This checks the Board’s financial excesses and may put them on track of financial transparency. This Act builds up a regulatory framework for the fiscal affairs of public office holder with the Fiscal Responsibility Council (FRC) as the regulator; see S. 7(5). But the Act did not give express powers the FRC to demand financial returns and to do onsite financial supervision on the financial affairs of the Federal, State and Local Gove rnments and their agencies and corporations. The body will be more effective and efficient if they could check financial affairs of public office holders in the manner the CBN, the NDIC and the SEC do to banks and other financial institutions and firms whose securities are traded on the floor of the .Stock Exchange Market. Appointment of Members of the Council The Act states the each zone of the federation shall produce one representative for the Board of the Commission. It gives the State Governors of each zone the prerogative of nominating the representative; see S. 5(2e). This Act did not state the quantification and social standing of this member. This may cause the nomination to be based on political rather than academic and Page 9 of 19 social factors.This is capable bringing in politicking into the nomination as some political office holders may want to use the position as a spy and protection against his/her anomalies in office during his/her tenor. Fiscal Uniformity The Act states that the States and Local Governments shall plan the management of their fiscal affairs within the medium-term framework as prepare by the Commission for the Federal Government; see S. 17 (1). They may modify the provisions of sections 11,12,13, 14, 15 and 16 as appropriate for them. Virginia Major in www. budgetmonitoring. rg/Spotlights posited that it is important that the Act apply to all levels of government equitably. The Act sets out a general framework for budgetary planning, execution and reporting that is applicable to all levels of government. It was expected that through consultation with states and councils, the Act will set general targets and limits for selected fiscal indicators for the country with specific sanctions for non-compliance. Also it aims at high transparency and reporting standards for all the levels of government (www. budgetmonitoring. org/Spotlights).In view of that the President – Umaru Musa Yar Adua immediate after singing the bill int o law commented thus: Page 10 of 19 †¦ â€Å"I have assented to the Fiscal Responsibility Bill after due consultation with the State Governments whose support and concurrence is critical to the successful nationwide implementation of the provisions of the law (Nwanma, Vincent, 2007). The President – Umaru Musa Yar Adua further said that if the states governments in the federation pass equivalent laws it will tighten up their budgeting procedures at the state level.Therefore, for the Fiscal Responsibility Act to be effective, the reforms it introduces must also be adopted at state level. The Act religiously set out rules with the core objective of committing all tiers of government to a well-defined and structured economic regime which would ensure economic growth and maintain economic stability. Daily Independent (Lagos), (2009) reported that the apathy being displayed by many state government with respect to passing the Fiscal Responsibility and Public Procurement (FRP P) laws in their domains is both inexplicable and disgraceful.It said that for more than two years later – and despite the repeated urging of the Federal Government, civil society groups and well-meaning Nigerians – response by many states remains tepid and perfunctory. A report recently released by the Secretariat of the Governors’ Forum in Abuja indicates that only 11 states have so far passed the Fiscal Responsibility Page 11 of 19 Bill into law, while 12 have enacted the Public Procurement Law (Daily Independent, 2009).Both laws are designed to ensure prudent management of public resources and enthrone accountability and transparency in the conduct of government business by curbing corrupt behaviour. The states reported to have passed and signed both bills into law are Abia, Bauchi, Cross Rivers, Delta, Ebonyi, Gombe, Kaduna, Kogi, Ondo and Osun. Three states governors have not forwarded any of both bills to their houses of assembly for legislative work to c ommence on them. They are Akwa Ibom, Edo and Enugu states (Daily Independent, 2009).It may be noteworthy to state here that the Act will be more effective and efficient if all the tiers of governments could adopt and practice the contents of this Act. Fiscal Control on Borrowing S. 49 (1) states that any government in the Federation or its agencies and corporations desirous of borrowing shall, specify the purpose for which the borrowing is intended and present a cost-benefit analysis, detailing the economic and social benefits of the purpose to which the intended borrowing is to be applied.Nwanma, Vincent (2007) described this as â€Å"strict controls on government borrowing†. He said that this will make it more difficult for the Federal Government and the state government to borrow money at random in Page 12 of 19 order to plug unexpected gaps in funding. And it specifically bars government from borrowing money to fund routine items of recurrent expenditure such as staff sal aries. Henceforth, the federal and state governments will only be allowed to borrow money to fund new capital expenditure projects such as power stations and oil refineries and new human development projects.Furthermore, they will only be allowed to borrow on approved terms, laid down by the Fiscal Responsibility Act. These are designed to guarantee that all new government loans are contracted on competitive terms – at reasonable rates of interest and with excessive fees and commissions. The new law imposes conditions on new borrowing which are designed to ensure that any government agency contracting a loan will have the means to repay it. If all borrowings are tied to cost-benefit analysis, government projects will tend to be selected based on their contribution to economic development.This will aid the achievement of the (Vision 2020) of the President Yar Adua administration. Protection of Office Holders According to one time Anambra State Commissioner for Finance (in 2007 ), Eze Echesie, the Anambra state government opposes the bill (when it was proposed) on the grounds that it is against the principle of fiscal federalism Page 13 of 19 practiced in Nigeria. According to him, â€Å"the bill should be restricted to the national level, which is, planning and budgeting as they relate to the Federal Government. It should not cover the state†.He further added that the Association of Commissioners of Finance in Nigeria are opposed to the bill saying that: â€Å"We will end up sending commissioners of finance to jail – and we have said that we do not want to go to jail. He pointed out that a state governor makes all the financial decisions †¦ but while the governors enjoy immunity, the commissioners – who are the accounting officers and execute government policies – do not. † www. budgetmonitoring. org/Spotlights The Act gives the President, State Governors, Local Government Council Chairman and the Members of the Boa rd immunity during their stay in office.But, the Minister of Finance and Commissioners of Finance at the state level are (and the treasurer at the Council level) not given immunity during their tenor. This they see as a flaw since the Minister, Commissioners of Finance and treasurer of the Local Government are responsibility and accountable for public revenues and spending. The Nigerian fiscal policy allows the presidency and state Governors to most times, spend monies without the approval of the Minister or Commissioner of Finance. Www. budgetmonitoring. rg/Spotlights noted that correcting the fiscal responsibility of the commissioners of finance will affect the efficacy of the laws at the state level. Page 14 of 19 Consequences of the FRA 1. Firstly, it should avoid a fresh build up of external and internal debt to the point where the Nigeria government can no longer meet its repayment obligations. The president (or through the Minister of Finance) on the advice of the Debt Manage ment Office is expected by the Act to set limits on borrowings for Federal, State and Local Governments with three months to the commencement of this Act; see S. 7 (1). This set limit forms the basis for external and/or internal borrowing by all tiers of government. Any government that does not meet this requirement cannot borrow more fund internally or externally; see S. 47 (7). 2. Secondly, it should improve the chances of government projects being funded and completed on schedule. The Act makes case for planned projects. It requires that projects be properly planned and budgeted for. This includes the cost-benefit analysis and time frame for completion of the project, which have to incorporate due process.This means that the office holder who initiates a project must state in objective term its success before ever embarking in it. (All men are answerable to projects they started whether still in the office or not). Key Features of the Fiscal Responsibility Act The Act provides fo r a comprehensive budgetary planning process derived from Medium Term Expenditure Framework (MTEF). This is a tool for Page 15 of 19 linking policy, planning and budgeting over the medium-term – usually three years – at a government wide level.An MTEF takes account of government’s long and medium term strategies and the resources available to meet objectives over a three year time span. It also allocates resources to strategic priorities among and within sectors and it commences with the preparation of a macroeconomic framework and guidelines. It equally ensures that annual revenues and expenditures estimates are consistent with its provisions, which requires that rules on cost, cost control and evaluation of results of programmes financed are observed.The MTEF will be updated annually to reflect policy and macroeconomic changes. The principal components of the MTEF are as follows: medium-term revenue framework; medium-term expenditure framework; fiscal strategy paper spelling out the fiscal strategy for the planning term; medium term sector strategies with projects and programmes linked to long and medium term plans, which will, in turn, feed into the annual budget ad submission of a comprehensive Appropriation Bill ensuring all parameters are abided by.Already the MTEF is being implemented at the federal level. The Act seeks to codify this comprehensive planning framework (Minister of Finance – Nenadi Usman). Page 16 of 19 Conclusion The Fiscal Responsibility Act 2007 has provided a yardstick for financial prudence, accountability and transparency that might engender continued economic growth and development. It is the first law in the country to be backed up with a body for implementation. It is also designed to harmonise and encouraged economic planning and control mechanism.Planning we know is sine qua non to success, therefore, we may say that the beginning of constitutional, conscious, objective and harmonised economic planni ng through the Medium Term Expenditure Framework is a step toward sustainable economic development for the nation. The Act has put a strategized stop to excessive, unarticulated and uneconomical borrowing that most times ends in accumulated debts that drag the nation backward. The Act touches crucial areas in our political and economic life that incite and nurture corrupt practices. We can say that the Act is capable of abating corruption in the country.All in all, it is hoped that Nigeria’s Fiscal Responsibility Act will strengthen the nation’s financial reporting and ensue better management of its resources. As such, it will provide the much needed deterrent to stop public officers dipping their hands in the states till. Page 17 of 19 Recommendations 1. The immunity given to the members of the Fiscal Responsibility Council should be removed. As a regulatory and supervisory body to the fiscal activities of public officeholders, they should operate as the CBN, NDIC and SEC who monitors the activities of banks and security markets respectively with office immunity. . There should be a permanent secretary for the Board who shall also be an employee of the Council. Since all the members of the Board are made to vacate office at the same time (capable of marring continuity), the secretary will act as a returning office as well as secretary of the Board. 3. The Act should make provision for express powers for offsite and onsite supervision of public officeholders. Page 18 of 19 References Afemikhe, S. O. (2005). Budget Implementation and Value for Money: The Due Process Experience. Ibadan: Spectrum Books Ltd.Daily Independent(Lagos), (2009). Nigeria: The Fiscal Responsibility Disgrace. 15 September. http://allafrica. com/comments/list/aans/post/id/20090915 0578. html. FISCAL RESPONSIBILITY BILL: RISING HOPES IN THE HORIZON http://www. budgetmonitoring. org/Spotlights/2007/02/26/News11618/ http://www. africafront. com/news/136/group_urges_nigerain_gove rnment_to_en force_the_fra. html Nwanma, Vincent (2007). Fiscal Responsibility – Don’t Spend Money Unless You Have It. http://www. budgetmonitoring. org/Spotlights/2007/12/13/ News12271/ Page 19 of 19

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THE HUMAN BODY - Coursework Example Mr. Kile's coronary arteries were reported to have been 80-90% blocked which led to oxygen deficiency in the myocardium which therefore resulted in the permanent damage of the heart muscle. The affected part of the heart potentially triggered electrical activity which led to ventricular fibrillation (Starr, 2013). This fibrillation can be described as an uncoordinated twitch instead of the regular rhythmic pumping of the heart. Therefore, the heart is unable to fulfill its role of supplying blood to the rest of the body. How are arteries different from veins and capillaries? Describe the functions of both arteries and veins Arteries, veins and capillaries differ both in their histological composition and their functions (Starr, 2013). The walls of arteries and veins are comprised of three layers whilst those of capillaries are only one cell thick. However, the arterial and venous walls differ in their structure as arteries have a thicker tunica media than that of veins (Starr, 2013). This is mainly due the the fact that arteries carry blood away from the heart hence the blood has a higher pressure than that in the veins which is carried towards the heart. Veins also have a wider lumen due to the low pressure in venous blood (Starr, 2013). They also possess several valves to prevent the back flow of blood. Apart from the umbilical and pulmonary arteries and veins, arterial blood is always oxygenated and and venous blood is always dehydrogenated. In summation, the main function of arteries is to supply oxygen and nutrients to different tissues in the body, while veins carry deoxygenated blood from these tissues to the heart (Starr, 2013). Vertebrates and some invertebrates have a closed circulatory system. Explain the advantage of having a closed circulatory system over an open circulatory system? An open circulatory system is characterized by the heart pumping blood into the hemocoel, which is localized between the endoderm and ectoderm (Pittman, 2011). This flu id is often referred to as hemolymph and is distributed to tissues and organs through ta system of interconnected sinuses. Animals with this type of circulation often have low blood pressure and a high volume of blood in comparison to their bodies (Pittman, 2011). A closed circulatory system is comprised of a heart and a vascular system. The organs and tissues are not directly bathed in the blood. This system as a more complete separation of function than that of an open circulatory system (Pittman, 2011). A closed circulatory system enables the organism to survive with lower volumes of blood. A closed circulatory system also enables more control over the blood supply to different parts of the organism. Animals with a closed circulatory system also have a higher metabolic rate. The closed circulatory system is also advantageous in the sense that it is able to include the process of ultrafication in blood circulation. In the closed circulatory system, the pulmonary and systemic circu lations can respectively maintain their optimum temperatures (Pittman, 2011). Briefly explain how the lymphatic system is associated with the circulatory system? There are many interrelations between the circulatory and lymphatic system. The lymphatic system is involved in the removal of interstitial fluid from different tissues and is also

Use of Internet for Sex Crimes Research Paper Example | Topics and Well Written Essays - 1250 words

Use of Internet for Sex Crimes - Research Paper Example With this growing problem, what have the law enforcement agencies done to address this problem? Different researches were conducted on the activities of law enforcement agencies and other agencies involved and it revealed that the federal and state government, law enforcement agencies, different task forces and other such agencies have roles in suppressing this crime. Despite the involvement of these agencies involvement of citizens and the private sector is indispensable in solving this problem. Law enforcement is confronted with the challenge of dealing with crimes which are not necessarily expected in criminal statutes (Wolak, Mitchell & Finkelhor, 2003). Hence, law enforcement has to ‘master technical advances,’ widen their investigative techniques, and now handle criminal cases that may be under the so-called multiple jurisdictions (2003). According to a study made by the National Center for Missing and Exploited Children, law enforcement has made estimated arrests of around 2,577 in the twelve months since they started in 01 July 2000 (2003). These internet sex crimes include sexual assaults which may either be completed or attempted; use of the internet by illegal means in order to transmit materials sexual in content and to solicit minors; the production, distribution and possession of internet child pornography; webcam offenses, stalking and other related offenses (2003). The law enforcement also uses investigative resources to hunt down or find out the offenders (2003). Law enforcement has taken action in order to fight this crime of internet sex crimes especially against minors (2003). Among the actions taken are the establishment of specialized units in the federal agencies like the Federal Bureau of Investigation (FBI), the U.S. Bureau of Immigration and Customs Enforcement and the U.S. Postal Inspection Service. Funding for Internet Crimes Against Children Task

Impact of Taxes and Human Capital on Private Client Portfolio Essay

Impact of Taxes and Human Capital on Private Client Portfolio Management - Essay Example Private clients in portfolio management tend to base their decisions on the overall tax burden, which creates a disincentive to engage in activities taxed at a higher rate (Parkin 56). Tax based income policies are policies that control inflation like the rate of increases in wages and the associated increase in prices through tax penalties and incentives. One of the main objectives of portfolio is to earn returns on the individual’s investment. Others include accumulation and preservation of capital. Tax policies and systems are potentially essential factors that determine private portfolio management because they too determine individual’s portfolio choices. These choices include the decision on whether to hold stocks, how much should be invested, and the period of time to be spent on speculation before the clients sell their securities. Moreover, different states offer different tax levels for the various available portfolio assets as well as incentives to encourage investment. Moreover, the tax policies and systems have significant effects on the number of private clients who will exploit the available investment opportunities. In addition, most of the countries embrace a tax system that treats all investors equally and offer private client’s incentives to stimulate their investments. Therefore, taxation has a significant effect on portfolio structure. There is clear evidence from research on how portfolios are greatly affected by tax rules. Similarly, evidence shows that human capital and other related tax policies and systems that the tendency of people to invest in portfolios depends on the investor’s perception on the tax-induced rewards, which are gained from investments. Whenever taxes increase in an economy, private clients become reluctant in investing because it becomes very hard to carry out any trade in a given location and therefore private investors tend to move to better places. Likewise, private clients have a tend ency of fearing direct investment in portfolios when substantial taxes are imposed by the government in order to reduce their expenses. Moreover, investors are quite sensitive to any increase or decrease in the marginal tax rates since this determines whether they will invest in portfolios or not. Introduction of transaction taxes by a government on trades and available investment opportunities has the ability to change the location of investors. Another implication of human capital on private client’s portfolio is that adjustments in the supply of capital to these households are costly especially due to the opportunity costs forgone. Therefore, a private client is more willing to invest in portfolios when there his or her human capital has a high rate of return or when there is maximum productivity on the invested capital. Therefore, availability and existence of human capital increases the rate of investment into portfolios as opposed to incidences when the households lack human capital. Recently, human capital has been highly debated and discussed by scholars due to its significance in portfolio choice. Furthermore, introduction of methods of control by the government also affects private clients indirectly since an increase in the tax rate on investments results into a decrease in the potential private investors. In fact, a significant reduction on taxes or

Effect of consumerism on society Research Paper

Effect of consumerism on society - Research Paper Example Starting with the rise of the department store, and culminating in advertisements that show females the way to live the good life, consumerism for women is all about achieving the life and identity that she is â€Å"supposed† to have. The possible exception to this is the Dove real beauty campaign, that tells the woman that she is fine the way that she is. However, in a way, consuming this product is also buying into an identity, albeit this identity is one that is not constructed by purchasing the product, but, rather, is an identity that is internal to who she is. For the male, the evolution has been a bit different, as the modern and pre-modern male was discouraged from consumption - he was the provider, not the consumer. However, post-modernism has arguably changed this, and has made the male more of a consumer because of the rise of branding and designer labels. Branding and designer labels has given the post-modern male a way to construct his identity with consumption, j ust as females have done. How Consumerism Has Affected the Female Identity Modern consumerism, as explained below, was typically associated with the female, as opposed to the male. This was affected by the rise of the department stores in the late 1800s, and this was where the culture of consumption observed a turning point (Martin, 1993, p. 149). ... Advertising plays a role in shaping female consumerism, as it does male, as explained below. For the female, she is shown, through advertising, what it is to aspire to and what it is to be afraid of. Female-directed advertising explains to women that they must aspire to a physical ideal that is unattainable by many, and also must aspire to a youthful appearance. Thus the prevalence of advertisements for products such as weight-loss pills and hair dye (Dyer, 1989, pp. 3-4). The advertising succeeds in selling these products through the process of modeling and mirroring. The advertisements model what the good life should be, and what a woman should aspire to – being fit, youthful, vigorous, sexual and fun. At the same time, they hold up a mirror to the woman’s life, and how her own life does not match that of the ideal. The advertisements seem to imploring the woman to buy the product so that she can reach the ideal that is portrayed in the ad (Dyer, 1989, pp. 3-4). This puts pressure on the woman to reach this ideal, which she can only reach through consumerism - buying products that maybe she does not really need, but feels that she does, because she wants to attain the good life that is portrayed on her television screen. Sometimes advertising actually ties products in with a certain feminist ideal, such as the Virginia Slims campaign back in the seventies, whose tag line was â€Å"You’ve Come a Long Way Baby† (Johnson & Taylor, 2008). That said, at least one advertising campaign, Dove, has attempted to use a different message to sell its products to the female audience. Their â€Å"Real Beauty† campaign featured women with less-than-perfect bodies in their underwear, and the message was that women

Utilitarianism - Morality Essay Example for Free

Utilitarianism Morality Essay The use of utilitarianism when making moral decisions leads to an injustice society, evaluate this claim. The use of utilitarianism is a controversial subject for many people, some believe by using it, it can bring happiness to the majority of society, others say by using utilitarianism it can take away peoples own judgment making our society unjust. Strengths of Bentham’s theory begin with the fact that utilitarianism offers a relatively straightforward method for deciding the morally right course of action for any particular situation we may find ourselves in. Utilitarianism treats everyone the same, no one gets special treatment due to their emotional or social attachments, and Bentham wanted us to strive for happiness, his principle of utility states the greatest happiness for the greatest amount of people. In order to make sure we follow this statement Bentham devised the hedonic calculus as a way of measuring happiness; this name was chosen based on its Greek meaning of pleasure. For many people happiness is an important aspect of decision making as it is their main aim in life, the Hedonic calculus assists us in our moral decision making because it covers all the aspects of happiness for not one but all, the outcome is not bias and takes everyone’s feelings into account, by having happiness as a basis behind how we make decisions it allows us to adopt a flexible relativistic approach to each situation, aiming for the greatest happiness for the greatest number is discourages selfishness which then leads to a better society due to everyone being fair and reasonable. Mel Thompson agreed with Bentham, he said that Act utilitarianism appears to be simple to follow, just aim to achieve the greatest happiness for the greatest number†. The positive and negative consequences of our actions can be measured. This gives us an objective, independent way of deciding on what is right and wrong. Utilitarianism doesn’t rely on specific beliefs about God; this is helpful to all religious people and the growing number of atheists in our society. Utilitarianism is straight forward and based on the principle of minimising pain and maximising pleasure and happiness, it does not take into account religion, meaning the outcome may be more fair, some religious people have prejudices towards certain minorities meaning that women or homosexuals may be victimised, people who are religious may choose to do something because the bible says it, for example the slave trade was in the bible, but if they had used the hedonic calculus instead of the bible then it wouldn’t of happened, furthermore is would of lead to a just society, another example would be if someone was racist and was about to make a decision about a black person using their mind then the outcome would be unjust, but if they used the hedonic calculus it would lead to justice because the hedonic calculus does not take personal views into account. There are also many weaknesses to Bentham’s theory starting with the idea that some things are unpredictable and we should not base our ethical choices on something that may or may not happen. Utilitarianism has a different strategy when it comes to justice, our normal idea of justice would relate to everyone being treated fairly, utilitarianism allows some people to be sacrificed for the greater good, some people would argue that this in unfair and leads to an unjust society. One of the main weaknesses of Benthams version of Utilitarianism is that there is the potential to justify any act. This is because Benthams version is based, yes on the consequences of an action, but on the pleasure gained from an action. For example, if seven men were walking down an alley and stabbed a girl to death, then according to Benthams device The Hedonic Calculus the amount of the mens pleasure would completely outweigh the amount of the womans pain, and would therefore make the action of killing the women morally right. If you get rid of rules and allow people to choose to act in the greater good, they will actually act selfishly, and then try to justify their actions by claiming they were in the greater good, this would also lead to an unjust society because people would and argue that they were trying to follow the hedonic calculus. Imagine someone killed one healthy person and gave their organs to save 5 others. The balance of happiness over harm supports doing this according to the hedonic calculus, but we know that it is not right, Another argument against utilitarianism would be the idea of happiness and how it differs depending on the individual, happiness is not the same for everyone, one person’s happiness could be meaningless to another, this flaws utilitarianism due to the idea that it predicts that everyone’s idea of happiness is the same. Utilitarianism ignores the motives of actions, so long as the end is good, sexually this could mean that immoral means could be taken to obtain pleasure, so long as the pleasure outweighs any pain. In conclusion all the information shows that utilitarianism can help many people in the situations they may face throughout their life, but altogether does lead to injustice with in society, this is because utilitarianism assumes you can know the definite answer to every decision you make, this would be impossible for any human to achieve, the information leads to a conclusion that can justify evil acts, for example, if eight prison guards find a sense of happiness from beating the prisoners, then their acts of evil will be overlooked if someone was basing their decision on the hedonic calculus because in theory the happiness of the guards will out way the prisoners.

Assessing Organizational Culture Essay Example for Free

Assessing Organizational Culture Essay Almost every organization, whether public or private, on paper or in practice, has a culture that fairly dictates its everyday functioning. The term culture has many definitions but in this discussion it is defined as shared beliefs, values, symbols, and behaviors. Culture binds a workforce together and is its control mechanism, or purpose, to facilitate its functioning. These items are powerful driving forces in the success of an organization and their value to the community they serve whether it is a public or private entity will affect the success of any organization. While cultures are found in some organizations more prominently than in others, there are those organizations where the culture of that specific organization’s ideal stands out above others. Police departments, military units and religious organizations all have a strong, centralized culture that forms its base and permeates its entire existence. Many times people outside of those professions do not understand the mentality or job commitment a person from one of these career fields shares with his/her co-workers. An example would be the duty and honor commitment of a United State Marine, especially when considered by a person who was anti-military; the Marines belief or core value system is not understood. The medical profession and more specifically hospitals, demonstrate a common goal that simply stated, is the care and healing of the sick or injured. For the most part, the medical staff employed at a hospital is there for that specific purpose. The medical field brings together a vast array of individuals from different backgrounds and cultures. But once they become a doctor, hospital nurse, surgical technician, etc. they take on a new life and thereby absorb a new culture into their lives. Subcultures, as defined by organizational theorists John van Maanen and Stephen Barley, are â€Å"a subset of an organization’s members who interact regularly with one another, identify themselves as a distinct group†¦and routinely take action on the basis of collective understandings unique to the group† (Cheney, 2011, 78-79) The organizational culture in a hospital is based on the premise that the hospital is there to provide a place for the care and healing of the sick or injured. Organizational theorist Mary Jo Hatch puts forth that there are five (5) â€Å"Degrees of Cultural Integration and Differentiation† (Cheney, 77) identified as follows: Unitary, Diverse (Integrated), Diverse (Differentiated), Diverse (Fragmented) and Disorganized (Multi-cephalous) (Hatch, 1997, 210). A hospital in its purest form would be well represented as a Unitary culture because the staff as a whole all have the same values or beliefs. But individual staff or even medical units may fall into any of the other cultures identified as well. A particular unit, i. e. cardiac telemetry floor, may be a Diverse (Fragmented) unit due to a group of nurses who do not view their critical task requirements in the same way and as a result the level of patient infections or deaths rises, causing unrest among the staff, supervisors, patient families and resulting in legal ramifications thereby fragmenting the staff’s solidarity. Social psychologist Edgar Schein formulated a theoretical model that shows an organization’s culture is built on three levels: artifacts, values and norms, and assumptions and beliefs. Artifacts are usually the most common and visible sign of a specific culture. Schein puts forth that things such as nursing uniforms, terminology, surgical protocols and more, actually and accurately represent the basic aspects of organization’s culture. The values and norms aspect of his theory, while not always visible, can be seen through behavior of the individual or group; it reveals what is important to the group and how they treat each other within their organization. Each aspect of the profession may have an operating procedure or environment nique to that area of specialization, but still have the same values and norms for their actions. In a surgical room, sterilization of the environment is much more important than it would be in a patient’s room on a medical/surgical floor, but they still have the same belief in keeping an open wound as clean as possible. While values in the medical profession do not vary as a whole, values do define accepted behavior and action. Genuine assumptions and beliefs are nurtured by a persons or organizations values and norms. Values vary only slightly in the various medical professions and facilities. Depending on the medical specialty area, operational norms and methods may differ according to training priorities, equipment and environment unique to that specialty. For instance, the hospital in-patient wound care team may have the same desire to treat a patient’s wounds as a home health nursing team, but the methods of treatment or medications used may be different. Differences begin to surface when a patient is sent home on a negative pressure wound therapy system, i. e. a wound V. A. C.  ®, that aids in the healing of wounds via suction (http://www. kci1. com/KCI1/vactherapy). Many home health nurses does not know how to properly change the intricate dressing or fully understand this equipment or the damaging results that can occur if not changed properly. Faulty assumptions are therefore made based on the beliefs of the home health nurse of what should be done for the patient. When that happens, problems arise in this particular scenario that could result in the patient being brought back to the hospital for a further period of hospitalization due to a breakdown of their wounds or even the creation of new wounds as a result of improper V. A. C.  ® placement. The overriding culture of the medical field is based on the Physician’s Creed of â€Å"First, do no harm† (author uncertain but it is based on the Hippocratic Oath which states to abstain from doing harm). This belief echoes throughout the medical field all over the world. And while there are individual exceptions or exceptions in areas such as animal research for the betterment of mankind or the ethical issue of abortion, the creed has gone unchanged since the time of the ancient Greeks and before. Schein’s three (3) levels of artifacts, values and norms, and assumptions and beliefs, are evident in every clinical setting. With further exploration, Hatch’s five (5) Degrees of Cultural Integration and Differentiation will also be found, albeit not everyone will be seen on every hospital floor or unit. Medical facilities are a kaleidoscope or a microcosm of many subcultures under the roof of the main culture of being a place for the care and healing of the sick or injured. Without that organizational culture giving guidance to all of the subcultures involved in this humanitarian career field, the death rate for minor injuries and diseases would compound exponentially.

Waitroses Brand Expansion

Waitroses Brand Expansion In 2000, Waitrose purchased 11 stores from rival Somerfield. During 2004, in order for Morrisons to meet competition regulations following its acquisition of Safeway, Morrisons had to sell 52 of the Safeway stores. The first batch of 19 stores were sold to Waitrose. In August 2005 Waitrose purchased a further five former Safeway stores from Morrisons. This took the firm as far north as Durham (now closed), fitting with its long term strategy to evolve into a national retailer. In December 2005, Waitrose also bought another store at Biggin Hill, south east London, from Morrisons. In March 2006, Waitrose announced the purchase of five additional branches, including two branches in Edinburgh, situated in Comely Bank and Morningside. The other three locations included Balham in South West London, Barbican in the City of London and Buxton in Derbyshire. In July 2006, Waitrose announced it had purchased another six stores from Morrisons and also a former Safeway regional distribution centre in Aylesford, Kent expanding Waitrose to 182 stores. The six stores which were rebranded into Waitrose are located at Hexham in Northumberland, Eastbourne in East Sussex, Formby in Merseyside, Parkstone in Poole, Dorset, Lymington in Hampshire and Portswood in Southampton, Hampshire. Since Morrisons began selling Safeway stores in order to meet competition regulations, Waitrose had purchased 31 stores from Morrisons since 2000 and 16 from Somerfield. In 2007 four new Waitrose branches opened, the first of which opened in Harborne in Birmingham. This was followed by Cheadle Hulme, Greater Manchester in July. The company also revealed plans to extend and refurbish a number of branches. During 2007, Waitrose opened branches across the United Kingdom including Ampthill, Bedfordshire, replacing a Budgens store in September, a second Waitrose branch in the South at College Town, Sandhurst, Berkshire in November and also a newly built branch in Rickmansworth, Hertfordshire. In March 2008, three branches were purchased from Budgens, in Buckingham, Bayswater, in West London. The same year, branches opened in Cardiff (Pontprennau), Crewkerne, Kenilworth, Newcastle upon Tyne, White City (Westfield London), Chiswick, Clapham, Edgware Road (the latter three purchased from Woolworths) and Nottingham. A Waitrose store in Banstead was destroyed by fire in December 2008. In June 2008, Waitrose announced the acquisition of four Woolworths store sites for conversion to Waitrose branches in Chiswick, Battersea (Clapham Junction), Edgware Road (Marylebone) and Chapel Market, Islington. All these stores are now trading. In January 2009, Waitrose announced that they had acquired 13 sites from The Co-operative Group to be converted into Waitrose branches in Bridport, Dorset; Headington, Oxfordshire; Haslemere, Surrey; Saxmundham, Suffolk; Ponteland, Northumberland, Croydon, Surrey; Upminster, Essex; Stamford, Lincolnshire; Holsworthy, Devon; Alcester, Warwickshire; Torquay, Devon; Caldicot, Monmouthshire/Sir Fynwy; Leigh-on-Sea, Essex; as well as building another nine branches to make a total of 22 new branches. On 12 November 2009, Waitrose opened a new branch on Byres Road in Glasgow. This is after having purchased the preceding Somerfield store in this location. This is the first Waitrose branch situated in Glasgow. Also, a former Somerfield store in Stamford opened in June 2009. Waitrose cited it was the largest expansion in the history of the company, by adding 4,000 partners and increasing to around 220 supermarkets. Waitrose has entered into a licensing agreement with Spinneys of Dubai, United Arab Emirates to open three purpose-built branches, of which the first opened in the Dubai Mall in October 2008. Spinneys will convert 20 of their own stores to the Waitrose format by 2010. The company has a long term goal of opening 400 branches across the UK by 2017 and doubling its revenue to  £8bn by 2016. Recent developments: Waitrose is involved in a new scheme to operate food halls in key stores of sister chain John Lewis. The stores are officially branded as John Lewis Food Hall and use of the Waitrose brand is limited, but the stores do carry some Waitrose own-brand product lines. The staff uniform is also different to that of Waitrose. The first John Lewis Food Hall opened at the flagship London Oxford Street department store in October 2007; a second opened at the Bluewater branch in August 2009. Also in early 2009, following a fire which destroyed a Waitrose main store in Banstead, Surrey, Waitrose took up temporary residence in the towns former Woolworths store, vacated as a result of Woolworths collapse. The store was smaller than the damaged site but allowed Waitrose to maintain its presence in the area until the rebuilt main store re-opened on 26 November 2009. In April 2009, Waitrose announced a franchise deal with Welcome Break (a motorway service area operator). The two Waitrose stores which are the smallest stores in the partnership opened at Welcome Break services in Oxford and South Mimms on 1 and 15 May 2009 respectively. In Autumn 2009, Waitrose announced plans to expand its presence in the convenience store sector after successful trials of the format. These stores are smaller than the main Waitrose stores but allow the chain to retail a selection of keynote ranges in areas where there is not a suitable site for a large Waitrose supermarket. The firm also plans to expand on its presence at Welcome Break service stations. The firm has also signed a deal with Alliance Boots which will see Boots operating branded pharmacies and retailing health and beauty products through Waitrose stores; in return Boots stores will sell Waitrose food products.

Saint John Bosco :: essays research papers fc

John Bosco was born in Turin, Italy, on August 16, 1815. His parents were poor farmers, but his father died when he was two years old, but John was too young to know what happened, and it forced his mother, Margaret, to raise him along with 3 other children and taught them the importance of their faith. It was very hard for his mother so John went out and got a few little jobs to help his mother. He had many jobs like a carpenter, shoe-maker, a cook, a pastry maker, and a farmer. While growing up John wanted to become a priest. One night when John was a boy he had a dream that he led young boys; and when he awoke he realized his life's work was to help poor boys. Bosco also had many other dreams along with many others that directed him to help homeless boys. Bosco when he was young went to fairs and carnivals, and learned and mastered them when he got home and then kept the young people in his village occupied by doing magic tricks and acrobatic moves, and only ask prayers for paymen t. Also, he would speak to children about God, and even some adults occasionally. The seminary school that Bosco entered was Chieri at the age of 16. Father Cafasso helped John through seminary school because he could not afford it, neither could his mother help him pay for it. John became a priest in 1841 at the age of 26, and was named Don Bosco, which means Father Bosco. After Sunday Mass's he would have a catechism class which would teach young people about God. After a while the catechism class turned into a school were boys could receive a real education, not just a religion class. He was appointed chaplain of St. Philomena's Hospice for girls. John did not really like his job so he resigned and opened a house for boys, where he helped boys that he saw on the streets, and brought them to the house where he fed them, clothed them, and sheltered them. Then he started his own religious order of 17 priests and brothers, they were called the Salesians in 1859, after St. Francis de Sales. He then setup residences and schools to teach boys grammar and religion, and train them as shoemakers, tailors, and printers. By 1856, he had 150 boys and girls in residence and nearly 500 more in oratories throughout Turin.

The Lasting Effects of the Columbian Exchange During the Age of Discove

The Lasting Effects of the Columbian Exchange During the Age of Discovery It should no longer come as any great surprise that Columbus was not the first to discover the Americas--Carthaginians, Vikings, and even St. Brendan may have set foot on the Western Hemisphere long before Columbus crossed the Atlantic. But none of these incidental contacts made the impact that Columbus did. Columbus and company were bound to bring more than the benefits of Christianity and double entry bookkeeping to America. His voyages started the Columbian Exchange, a hemispherical swap of peoples, plants, animals and diseases that transformed not only the world he had discovered but also the one he had left. The Old and New Worlds had been separated for millions of years before this voyage (except for periodic reconnections in the far north during the Ice Ages). This period of separation resulted in great species divergence and evolvement. There were still many similar species, such as deer and elm, but Europe had nothing like hummingbirds, rattlesnakes, and hickory and pecan trees. The differences were even greater in the southern hemispheres; the biggest mammal in Africa was the elephant, and the biggest mammal in South America was the cow-sized tapir. Both of these environmental systems struggled for a delicate sense of balance and homeostasis-- but their collision in 1492 began a whole new time of competition and struggle for dominance. The environmental impact of such a collision is enormous and should be looked at as part of our understanding of the Age of Discovery. PLANTS Thomas Jefferson once said that, " The greatest service which can be rendered to any country is to add a useful plant to its culture." By this standard, Col... ...opened new windows to science and to all knowledge. The results of the Columbian Exchange come with mixed feelings, owing to the degree of death and slavery that such a clash of natures caused. But whatever the outcome of the two worlds "re-uniting," the Exchange was a major event in the process of discovery. Suggested Readings Crosby, Alfred W. The Columbus Voyages, the Columbian Exchange, and Their Historians: Essays on Global and Comparitive History. Washington, D.C.:American Historical Association, 1987. ---. The Voyages of Columbus: A Turning Point in World History. Bloomington, IN: ERIC Clearinghouse for Social Studies/Social Science Education, 1989. Patrick, John J. "Columbus in the Curriculum: Ideas and Resources for Teachers of History in Elementary and Secondary Schools." International Journal of Social Education. 7.1

The Challenges of Tent Camping :: Exploratory Essays Research Papers

The Challenges of Tent Camping Each year, thousands of people throughout the United States choose to spend their vacations camping in the great outdoors. Depending on an individual's sense of adventure, there are various types of camping to choose from, including log cabin camping, recreational vehicle camping, and tent camping. Of these, tent camping involves "roughing it" the most, and with proper planning the experience can be gratifying. However, even with the best planning, tent camping can be an extremely frustrating experience due to uncontrolled factors such as bad weather, wildlife encounters, and equipment failures. Nothing can dampen the excited anticipation of camping more than a dark, rainy day. Even the most adventurous campers can lose some of their enthusiasm on the drive to the campsite if the skies are dreary and damp. After reaching their destination, campers must then "set up camp" in the downpour. This includes keeping the inside of the tent dry and free from mud, getting the sleeping bags situated dryly, and protecting food from the downpour. If the sleeping bags happen to get wet, the cold also becomes a major factor. A sleeping bag usually provides warmth on a camping trip; a wet sleeping bag provides none. Combining wind with rain can cause frigid temperatures, causing any outside activities to be delayed. Even inside the tent problems may arise due to heavy winds. More than a few campers have had their tents blown down because of the wind, which once again begins the frustrating task of "setting up camp" in the downpour. It is wise to check the weather forecast before embarking on camping trips; however, mother nature is often unpredictable and there is no guarantee bad weather will be eluded. Another problem likely to be faced during a camping trip is run-ins with wildlife, which can range from mildly annoying to dangerous. Minor inconveniences include mosquitos and ants. The swarming of mosquitos can literally drive annoyed campers indoors. If an effective repellant is not used, the camper can spend an interminable night scratching, which will only worsen the itch. Ants do not usually attack campers, but keeping them out of the food can be quite an inconvenience. Extreme care must be taken not to leave food out before or after meals. If food is stored inside the tent, the tent must never be left open.

Movie crash

The film that had an impact on me was the movie Crash.   This Oscar-winning movie written and directed by Paul Haggis showed so many lessons about life that are important.   The movie demonstrated the need for empathy in this world.   No matter what color or sex or size, people need to show more empathy to one another.     But this movie is also about the anger and frustration that we carry around with us everyday as well.   Living in the modern day world is tough, but we need to find better ways to relate to each other.   As Robert Jensen says, â€Å"We all carry around racial/ethnic baggage that’s packed with unfair stereotypes, long-stewing grievances, raw anger and crazy fears.   Even when we think we have made progress, we find ourselves caught in frustratingly complex racial webs from which we can’t seem to get untangled† (Jensen). No matter where we are from around the world, the point remains that we need to find better ways to get along.   Not just with those from other places and backgrounds but with those next to us who deserve better.     This idea of â€Å"It ´s the sense of touch. In any real city, you walk, you know? You brush past people, people bump into you. In L.A., nobody touches you. We ´re always behind this metal and glass. I think we miss that touch so much, that we crash into each other, just so we can feel something.† means that we need more relating and touch and understanding from the people around us.   This idea of being able to relate to each other and get along is shown over and over again in this movie One example of the theme of getting along are the characters of Rick and Jean (Brendan Fraser and Sandra Bullock), a rich white couple.   Rick is a DA who tries to remain unprejudiced, but the viewer feels like he is all about image so he can be re-elected.   Nothing â€Å"real† seems to come from him, and the viewer suspects that he is having an affair with his white co-worker.   Jean, on the other hand, is all real.   She is increidibly prejudiced against the Hispanic locksmith who comes to the house.   She very clearly tells her husband exactly what she thinks. â€Å"I would like the locks changed again in the morning. And you know   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   what, you might mention that next time we'd appreciate it if they didn't   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   send a gang member†¦Ã¢â‚¬  She is a mean person, and she has this one memorable quote.   She is talking with a so-called friend on the phone and she begins to explain the way she feels, â€Å" I am angry all the time†¦ and I don't know why† (Crash).   The viewer wonders how many others feel this way.   Jean has supposedly everyone that anyone would want.   She has lots of money and a rich and important husband.   She can do anetying she wants, but she has nobody in her life. If a woman like this is angry all the time, what can that say for the rest of us? She berates and chastises everyone due to her own unhappiness, and I believe that may just be the general state of the world.   And at one point, she tells her maid that she is indeed her best friend.   This is the maid who has taken her to the hospital after she has fallen down the stairs; her friends were too busy.   We need to find ways to connect with each other and make our lieves more fulfilling, so that we can have relationships with other people. That is the lesson that Jean teaches in the film.   the old adage that money cannot buy happiness is shown again.   Meaningful people in our lives bring happiness. Another character who displayed the importance of relationships, and was the opposite of Jean’s character was the Latino locksmith Daniel (Michael Pena).   By first glance this man did not have half of what Jean’s character did.   He was just a working-class guy trying to make a living.   However, when we catch a glimpse of him at home with his family, our take is altogether different.   The viewer sees him under the covers with his daughter telling her a sotyr about the invisible cloak and being a dad and a family man.   His story is plauful and fun, not just matter of fact. â€Å"She had these little stubby wings, like she could've glued them on, you know, like I'm gonna believe she's a fairy. So she said, â€Å"I'll prove it.† So she reaches into her backpack and pulls out this invisible cloak and she ties it around my neck. And she tells me that it's impenetrable. You know   what impenetrable means? It means nothing can go through it. No bullets, nothing. She told me that if I wore it, nothing would hurt me. And I did. And my whole life, I never got shot, stabbed, nothing. I mean, how weird   is that?† (Crash). He enjoys his time with his daughter, like tucking her in at night.   It seems that he is good at his job, but he works to live rather than lives to work.   he lloves his wife and his daughter, and the viewer cringes at the idea of something horrible happening in this family.   The scene where Daniel’s daughter almost gets shot is one of the most tense of the film.   This man, while he does not have money or status, shows the viewer what life is all about.   he forms meaningful connections in life, and these are what sustain him. And there is another character who seems to be in the middle, between Jean and Daniel in his ability or lack of ability to form relationships.   This is officer Ryan.   While he is a racist cop and does some terrible things in this movie, he is also a human being as evidenced by the scenes with his father.   Because of his powerlessness at home, he is able to commit horrible atrocities at work and yet, turn around and do something entirely redeeming.   His sense of powerlessness is because his father may have cancer, but their HMO prevents them from using a different doctor. His father is having prostate trouble, and the viewer sees the two of them together at night in the bathroom.   The humiliation in these scenes is overwhelming, and the love between father and son is clearly shown.   But Officer Ryan takes all that out on those around him.   He tries to appeal to the caseworker Shaniqua, but he still insults her by lashing out about affirmative action.   In the end, she cannot form a connection with him, and she honestly anwers his pleas with, â€Å"Your father sounds like a good man. And if he'd come in here today I probably would have approved his request. But he didn't come in, you did. And for his sake, that's a real shame.† We can’t really blame Shaniqua for not wanting to help him, but the viewer wishes that she would.   Again and again we are shown what happens when we lack compassion and empathy for others and do not form relationships. The title itself and the opening quote implies that we are too busy with our own lives to get to know others, but that many of our preconceived notions or prejudices would be gone if only we would take the time.   This applies for people from all walks of life.   If rich people never do things where they come into contact with different types of people, the preconceived notions will continue to exist.   The other lesson here is that everyone has a story and a reason for acting the way they do.   If human beings could just take the time to learn about toehrs, we could at least begin to understand why they act the way they do.   Crash does a phenomenal job of showing us these things without preaching. Works Cited Chang, Jeff and Chan, Sylvia.   â€Å"Can White Hollywood Get Race Right?†Ã‚   Posted July 19, 2005.   Retrived April 27, 2007 at http://www.alternet.org/movies/23597/?page=3 Jensen, Robert and Wosnitzer, Robert.   2006.   â€Å"Crash the and Self-Indulgence of White   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   America†.   Retrieved April 26, 2007 at    http://www.nthposition.com/crashandtheself-indulgence.php               

Legal Issues in Gaming Industry Essay

When it comes to looking at the legal issues, we can that there are loads of them. The cause of legal issues rise when a specific games company copies other people’s work or they take what other games without permission. An example of such issue is when the Arktos Entertainment Group, who are the makers of MMO The War Z game, were found to have copied the terms of service agreement from the game, League of Legends. And as crazy this may sound, but another huge legal issue to fall upon the gaming industry when JUSTIN BIEBER filed a lawsuit against a company who develops Android Smartphones called RC3. All this hassle was because RC3 created a video game called Joustin’ Beaver, which parodied Justin Bieber. Another legal issue is copyright. Such incident happened between Nova Productions and Mazooma Games. The reason is because Nova sued Mazooma for copying elements from their games.. Jackpot Pool and Trick Shot. Regulatory Issues in Games. Regulatory Issues Seen as more and more games are getting violent and the no. of people who play them and commit crimes are slightly increasing, those violent video games have been rated in specific way. The first ever game to be rated this way was Mortal Kombat. It was one of the first ever games to have extreme graphic violence such, huge amounts of blood, people being ripped into half etc. The public found it so inappropriate that they rated it a Mature. It means the game is only to be purchased or played by a person who 17 or older. This is to stop anyone under that age from playing the game and having a bad influence. The ratings are as follows: In the UK the games are being rated by PEGI. The ratings are as follows: Ethical Issues in Video Games. Year after year, new games are released with even more improved visuals and game play than the previous selection of video games. But, in some games, better visuals and game play isn’t the only thing to be added into the game. The game is also loaded with ethical issues. Here are some famous video games and the ethical issues that creep in them. Resident Evil 5 – High number of racial stereotyping and abuse: In the game, there features a white male killing black enemies, who lives in a small African village. Grand Theft Auto: San Andreas – Prostitution, Drug dealing, Racist stereotyping: Including an African American person as the main character and the first mission being to steal a bike. Mortal Kombat – Extreme graphic violence

Death, Dying, and Bereavement Essay

In our busy lives, filled with work and family, we learn to take many things for granted. One of these is that nothing will change, not our friends, families and jobs. However, every now and then, something happens to shake us out of our denial and into stark awareness that things can happen very suddenly. Then, we are reminded of how fragile life is and how nothing stays the same. Death is an inseparable part of life. If we are to live life honestly and without fear, we have to also accept that death is ultimately inevitable. Death should not cause us to live in fear, but rather to live our lives in the very best way that we can. It is important to not â€Å"bury our head in the sand† and instead, to make responsible preparations including financial and legal arrangements, as well as talking about our wishes with our family and friends. By understanding the rites and rituals that accompany a death in our culture, religion or spiritual group, we can better prepare for the dying and grieving process. Witnessing the death of my mother five years ago was a devastating blow but in retrospect it taught me to appreciate the small things in life, to value my relationships, and to trust in God. Finding Closure The death of a parent can be a very shocking and life-changing experience. Suddenly the person that you turned to for their wisdom and their advice is no longer available. The loss of a loved one will leave you feeling empty inside, as if the world will never be the same again and nothing will ever be able to heal your pain. The truth is that time heals all wounds and the world keeps on going as if nothing happened.

Case Assignment Essay

a. How did data analysis enable agility/flexibility? Conducting analysis provided SEJ with the opportunity to strategize locations of stores and deliveries of the right products at the right times. b. How did data analysis reduce leftover goods that were perishable? Through the identification of product type, time and frequency, SEJ was able to reduce leftover goods that were perishable. Also, considering weather, local area events, and holidays they were able to adjust their ordering. c. How did electronic data acquisition reduce ordering/delivery lead times? The orders were instantly sent and received by the vendor so the turn-around time was reduced. Trending these orders also allowed the vendors to be prepared with the items. d. What statistics did Seven-Eleven find that determined the success of a new store? They used several data points including, demographics for age, population, income etc. They considered local foot traffic, nearby schools, buildings and subways. They also balanced it with impacts of other local stores. e. How did Seven-Eleven share data electronically with its supply chain partners? They used their handheld terminals in each store to order directly through to the vendors. This data was also captured for analysis and transportation. 3. If you were to design an analogous information and data analysis system for DCMA to oversee contractors and subcontractors: a. What would the goals of that system be? For me trending issues with sub-tier suppliers should be addressed. Currently we are very poor at sharing information within our offices and across the organization. A large scale supply chain mapping, rating and tracking system with feedback from all employees would help in being predictive about potential delivery and quality issues. b. What data would you want to collect and how would you want to â€Å"data mine† it, or analyze the data to improve the performance of the contractor network and become aware of problems earlier? I would include both subjective and objective observations. Tracking delayed deliveries, their reasoning, CARs, Supplier CARs and supplier ratings or actions against their sub-tier would be the first step. I would also include subjective analysis by supply chain specialist to identify other areas of potential concern that may not have developed to the point of SCARs or delays.

105 Training Essay Example for Free

105 Training Essay Choose cite format: APA MLA Harvard Chicago ASA IEEE AMA Haven't found the essay you want? Get your custom sample essay for only $13.90/page ? Training Principles You will perform the Sit and Reach exercise as described in the lesson and then answer the questions below based on your experiences. Important: Â ·Answer each question in the document by highlighting or bolding your answers. Â ·Save the file as 105training. rtf. Â ·Below the file name is the field for file type. Use the drop down menu to choose ‘Rich Text Format’. This will save it with the . rtf file structure required. Â ·Submit the completed assignment for Assessment 1. 05 Training Principles. Complete each exercise below: A. Reach to 0 cm mark and hold 10 seconds B. Reach to 8 cm mark and hold 15 seconds C. Reach to 15 cm mark and hold 10 seconds D. Reach to 22. 5 mark and hold 15 seconds 1. Of the four exercises attempted in the activity I was able to complete A. None of the exercises. B. Item A only C. Items A and B D. Items A, B, and C E. All of the exercises 2. Reaching to 0 cm mark and holding for 10 seconds was: A. Easily done B. Done C. Slightly Difficult D. Very Difficult E. Could not yet reach 3. Reaching to 8 cm mark and holding 15 seconds was: A. Easily Done B. Done C. Slightly Difficult D. Very Difficult E. Could not yet reach 4. Reaching to 15 cm mark and holding 10 seconds was: A. Easily Done B. Done C. Slightly Difficult D. Very Difficult E. Could not yet reach 5. Reaching to 22. 5 mark and hold 15 seconds was: A. Easily Done B. Done C. Slightly Difficult D. Very Difficult E. Could not yet reach Part II: Principle of Overload 1. How frequently would you need to stretch if the sit & reach was easily done? A. Very Often – several times a week B. Often – 3 times a week C. Rarely – once a week 2. Which of the above stretches made you work harder (had the greatest intensity)? A. 0 cm B. 8 cm C. 15 cm D. 22. 5 cm 105 Training. (2018, Nov 15).

The Food Safety Personal Statement Example | Topics and Well Written Essays - 750 words

The Food Safety - Personal Statement Example In addition, some time should be set aside during orientation to present and briefly review the pamphlet, and its importance, with the incoming students. The letter to the Dean would take a direct and professional tone. I understand that he is a busy man and I would go directly to the issues of magnitude, importance, and ease of reducing the risk. I would use statistics from the Center for Disease Control and a short quote from the US Department of Agriculture that shows students have unique needs. I would impress upon the Dean that by following a few common sense rules we can greatly reduce the cases of food borne illness on campus. Though the letter will be addressed to the Dean, it would be reasonable to assume that other senior staff and faculty members will read it. As the Dean of the College of Agriculture he is probably aware of the many pamphlets that already exist on this subject and may view it as a redundant effort. However, I have reviewed several of these and they are written for professionals, homemakers, and commercial use. I was unable to locate one aimed at students. The reason that a new pamphlet is needed is to target the students who have a unique lifestyle and do not have a health or science background. As well as giving students something to read, it would highlight the issue and put it in the forefront of the students' minds. This program would benefit the University as well as the students. It would remove some burden from the overtaxed health care system and result in a healthier student body. More importantly, it would reduce student absence, which directly affects student performance. I plan to appeal to his sense of responsibility to the school and the student body, and will approach him as the one person who is in a position to have the imagination to do something about this problem. I expect the Dean to raise the important issues of cost and school resources. The savings to the health care system would offset the minimal cost of the pamphlets and the orientation time. Since the pamphlet is an informational tool, it could be designed and written by a student in the Department of Food Safety and approved by the staff. There would be almost no cost in getting the pamphlet to the printer. Printing costs would be minimal and the information could also be included in an e-mail. The goal is to present information to the students that they can use and heighten student awareness of the issue. I expect the Dean, as overseer of the Food Safety Department, will immediately recognize the importance of the topic and the need for action. The first paragraph should get his interest by the statistics and explaining the students' elevated risk. However, he may disagree on the practicality of my approach. I will need to spend some portion of the letter persuading him that the students would read the information and make use of it. I would point out similar successful programs that have dealt with safe sex and dorm safety. As a way of offering an emotional appeal, I would show my commitment by concluding the letter with an offer to volunteer my services to the program in any way that I was able to contribute. Food Safety Proposal Materials

Creating your own monetary policy Research Paper

Creating your own monetary policy - Research Paper Example The discount rate refers to the amount of interest that the Federal Reserve charges to commercial banks and other financial depository institutions for the various loans that they acquire from the discount window of the Federal Reserve. The reserve requirements can also be referred to as the reserve cash ratio. This is a requirement that banking institutions need to deposit a certain amount of money to the Federal Reserve against the various deposits that is made by their respective customers. Open markets operations on the other hand involve the processes of the country’s central bank to sale and buy government bonds in an open market (Orphanides and Volker, 27). The main aim of using this tool as a monetary policy is to manipulate the supply base of money within an economy, and the short term interest rates, for purposes of controlling the nature and level of money supply within an economy. This paper develops a monetary policy that differs from the last policy statement iss ue by the FOMC. The last policy statement by FOMC was released on 30th of October 2013. Under this policy statement, FOMC denotes that it will continue with its asset purchasing programs. This is because the committee had noted that the policy gained efficiency in improving the economic activities of the United States of America. The committee also has plans to adjust the pace of its asset purchases, but it is still waiting for a report on the levels of progress that the current pace in asset purchasing has an influence in the American economy (Press Releas, 2). According to this policy statement, FOMC made a decision to continue with the purchase of additional mortgages that are backed with securities. This is at a price of $ 40 billion every month. The FOMC also decided to buy long term financial securities at an amount of $ 45 billion every month. Under this policy statement, the FOMC decided to maintain its policies of re-investing principal payments (Press Release, nd. 3). Thes e principal payments emanate from its various holdings of the agency debts and mortgage backed securities. The FOMC also decided to sale matured treasury securities through an auction method. By implementing these policies, the FOMC believes that they would manage to maintain and achieve a down ward pressure on long-term interest rates. The FOMC also believes that they will manage to support the mortgage market, helping to create a broad financial condition that is more accommodative to the various economic and financial interests within an economy. On this note therefore, the FOMC decided to continue with its purchases of mortgage backed securities. This will in turn lead to the growth and development of the economy under consideration. For effective implementation of these policies, the FOMC decided to closely monitor all information concerning the financial and economic development of the country. The monetary policies identified by FOMC do not solve the problem of liquidity. Liq uidity is a Macro economics issue that refers to the extent in which a security or an asset can be sold or bought without having an effect on the price of the particular asset. One major characteristic of liquidity is the high number of trading that the asset under consideration attracts. Examples of assets which are highly liquid include securities of money market. During the 2007 credit crunch, it was very difficult for people to access funds such as loans (Orphanides and Volker, 33). Due to the difficulties of accessing credit, then