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Corporate America today is falling apart because of lack of ethical values and standards. And this serious absence of morality in business has resulted in complete collapse of some major corporations in the United States and has also give birth to acute public mistrust. The government has thus implemented new accounting regulations to bring an end to corporate corruption in the country. I strongly support these regulations because I firmly believe that absence of laws in connection with accounting practices was largely responsible for current crisis in corporate America. President Bush has also promised to impose long prison terms for corrupt executives along with careful scrutiny of all accounting practices currently being followed by large corporations. These regulations will certainly go a long way in introducing positive changes in business practices. But it would be naive to assume that these changes will appear within a short period of time. Corporations will take a long time to adjust to new regulations or to incorporate them in their policies and operations. But the formulation of regulations indicates seriousness on the part of the government to do something concrete about corruption in American business world. Enron crisis revealed how easy it is to take advantage of naive American public and totally unconcerned government. It is thus clear that governmental intervention is important and thus latest regulations proposed by Bush administration must be appreciated and actively supported. But we, the American public, on our part should carefully monitor the implementation of these regulations because we can lo longer trust the corporate executives or our politicians for that matter. Our lack of knowledge about business practices is what earlier gave large corporations a chance to violate public trust. Therefore while we must extend our full support to new governmental regulations, we should also make sure that they are followed in spirit too.
E. The voices who argue that America should and could be an imperial superpower, but lacks sound practical judgment. The thesis of this paper is that the history of the Roman Empire can be matched to that of the United States in terms of economy, political power, as well as aspirations. In this sense, present day America is very similar to fourth of even fifth century Rome; this poses one stringent
A favorite target for conspiracists today as well as in the past, a group of European intellectuals created the Order of the Illuminati in May 1776, in Bavaria, Germany, under the leadership of Adam Weishaupt (Atkins, 2002). In this regard, Stewart (2002) reports that, "The 'great' conspiracy organized in the last half of the eighteenth century through the efforts of a number of secret societies that were striving for
In other respects, however, the evidence does not readily conform to theoretical predictions. For example, if gross job turnover is taken as a rough proxy for labor market flexibility -- and since stringent EPL reduces both hiring and firing -- it is quite surprising to find that job turnover rates are very loosely related to EPL rankings. Most remarkably, not only are the estimates for Italy and France, at
Enron could engage in their derivative trading strategy with no fear of government intervention because derivative trading was specifically exempted from government regulation. Due in part to a ruling by the Commodity Futures Trading Commission's (CFTC) chairwoman, Wendy Graham, derivatives remained free of regulatory oversight. Ms. Graham, wife of Texas senator Phil Graham, made this ruling 5 weeks before resigning as chairwoman of the CFTC and joining the Enron Board
In "Piaf," Pam Gems provides a view into the life of the great French singer and arguably the greatest singer of her generation -- Edith Piaf. (Fildier and Primack, 1981), the slices that the playwright provides, more than adequately trace her life. Edith was born a waif on the streets of Paris (literally under a lamp-post). Abandoned by her parents -- a drunken street singer for a mother and a
As Geisel (2004) notes: Income-tax deductions are worth the most to high-bracket taxpayers, who need little incentive to save, whereas the lowest-paid third of workers, whose tax burden consists primarily of the Social Security payroll tax (and who have no income-tax liability), receive no subsidy at all. Federal tax subsidies for retirement saving exceed $120 billion a year, but two thirds of that money benefits the most affluent 20% of