Compared to what it looks like and implies today, all Street had relatively humble beginnings. Its towering skyscrapers and art Deco architecture, its digital tickers and wireless waves resemble little the original New Amsterdam road. Named after an actual mud -- and timber wall built by original Dutch inhabitants of Manhattan Island, all Street has morphed beyond its geographic location, and has come to symbolize American corporate culture in general. Films like Oliver Stone's all Street promote its image as a bastion of greed and financial prowess, of investment genius and corporate corruption. all Street therefore signifies more than just the New York Stock Exchange that started there over two hundred years ago. In fact, most major New York-based investment firms no longer maintain headquarters on all Street. In spite of its many transformations, all Street retains an aura of mystique and intrigue that is unrivaled by any…… [Read More]
Wall Street Journal News
Establishing and maintaining public relations has become an increasingly important feature in corporate strategic planning because no company can achieve public confidence without a good P plan. A good P plan addresses the right audience with the right message. It reflects the core values of the corporation along with their commitment to serve their customers with unique benefits and products etc. However, in this dynamic global business environment bad public relations plan can damage the business and allow even the customers to sway away towards its competitors. This is because bad P programs allow the customers to make connections between the news provided to them and the core values of the company. Therefore, this paper will generate the strategic planning necessary to overcome the fiasco being generated by the news media about Halliburton and (1) its accounting practices; (2) its services in Iraq (3) and its…… [Read More]
Where the contract specifies that delivery must be a specific shade of color and be delivered no later than 12:00 PM, that element becomes a material element. Even then, the measure of damages would have to reflect actual damages. Under ordinary contracts, damages for breach of contract do not include the indirect costs resulting to the non-breaching party. Therefore, a party who orders a new freezer may not sue for the cost of spoiled meat if the breach of agreement to provide the refrigerator on the specified date caused the buyer to lose perishable food that he ordered for delivery that same day, hoping to store it in the new refrigerator.
However, parties may also specify the nature of specific damages that will be caused by a breach, and where those terms are part of the contract, the breach will entitle the non-breaching party to those specific damages that were…… [Read More]
WASHINGTON -- The Pentagon has concluded that computer sabotage coming from another country can constitute an act of war, a finding that for the first time opens the door for the U.S. To respond using traditional military force.
The Pentagon's first formal cyber strategy, unclassified portions of which are expected to become public next month, represents an early attempt to grapple with a changing world in which a hacker could pose as significant a threat to U.S. nuclear reactors, subways or pipelines as a hostile country's military.
In part, the Pentagon intends its plan as a warning to potential adversaries of the consequences of attacking the U.S. In this way. "If you shut down our power grid, maybe we will put a missile down one of your smokestacks," said a military official.
Recent attacks on the Pentagon's own systems -- as well as the sabotaging of Iran's nuclear program…… [Read More]
There is very little direct connection presented with regards to the electorate, and what is presented is in a brief, fear-oriented snippet: "factories would shut down, people would lose their jobs."
By framing the article from the perspective of regulators, the article portrays the all Street bailout as economic necessity. The public is being asked to sympathize with the regulators, who are portrayed as working hard to stabilize a difficult situation. The article does not carry a strong political perspective in its subtext. hat it does carry, however, is a view favorable to all Street, the Journal's target audience. The Journal is, however, an influential paper likely to hold sway with voters, who want to see Congress and the regulators managing the stability of the economy effectively. At the time, the chaos of the recession was not portrayed as a given, indicating that such action as taken by the regulators…… [Read More]
Wall Street Journal Online. The Wall Street Journal Online has over 646,000 paying subscribers. It features updated, in-depth coverage and analysis of business news drawn from more than 1,600 journalists working for the Wall Street Journal and Dow Jones Newswires around the globe. The Online Journal has enhanced the business of Wall Street Journal and Dow Jones Newswire.
THE WALL STEET JOUNAL ONLINE
The Wall Street Journal has over 646,000 paying Internet subscribers. Many believed the Wall Street Journal would fold with the popularity of the Internet, but this did not happened. Instead, it has increased the sales of the Wall Street Journal. "The Wall Street Journal has been published since 1889" (1998) It has always met the challenge of time and technology. Even before the explosive growth of the Internet, the WSJ was making its headway to create a powerful online news product. The history of the Wall Street…… [Read More]
Also, the slower GDP growth in the hinese mainland may mean fewer visitors willing to gamble.
But although the housing demand may cool, the expansion of the Macau economy does not seem like a parallel to the U.S. housing bubble. First of all, the presence of gambling means that housing will likely always be at a premium in the region, as it is the only place where the hinese government allows gambling. There will always be a demand for workers to staff the venues that allow people to gamble, eat, sleep, and be entertained. Although an international recession will have an impact upon the Macau economy, certain economic sectors seem better equipped to weather an economic downturn -- and sadly, a poorer economy could even mean a rise in gambling, and draw even individuals to the area looking for work (or a quick profit) at the gaming houses. Additionally, the…… [Read More]
Of course, it seems that companies have partly given up on the secrecy and are now informing their employees aout the policy and otaining their consent. It is no good if the process isn't entirely transparent and it seems it is not, ecause one can't really e sure that the sum declared y the company is real.
Even if the companies have legal acking and have declared that most of the enefits otained from insurance policies will e used "to finance employee enefits" (Schultz and Francis, 2002), we are entitled to ask ourselves if this is truly so or whether the companies have discovered one of the numerous holes in the legislation that allow them to make profits unaccounted for and turn the law upside down so as to otain profits that are not suject to taxation.
On the other hand, when discussing ethics here, we should consider the fact…… [Read More]
Wall Street Journal (Sparshott, J (November 27, 2012) talks about Government inclination to convert the dollar bill into dollar coins. Whilst the public seems to mostly prefer the dollar bill according to the way it is and whilst Crane & Co., the company that prints these bills, is reluctant to eliminate paper money, The Government (as too the Federal eserve System) views coins as being more of a rational choice. It lasts longer, and can save the government more money enabling it to invest in other more important public programs.
"We continue to believe that the government would receive a financial benefit from making the replacement," Lorelei St. James, a director at the nonpartisan Government Accountability Office, said in remarks prepared for a Congressional hearing scheduled for Thursday.
Predictably, companies that would profit by mining he coins (such as Mining and metals companies, mass transit agencies, vending machine manufacturers and…… [Read More]
all Street Journal -- February 26th, 2015
Brooklyn Men Are Accused of Aiding Militants
Pervaiz Shallwani; Rebecca Davis O'Brien; Grossman, Andrew
The Islamic State in Syria (ISIS), also referred to as ISIL, has had some success in using the web to spread propaganda and recruit support from many parts of the world. This has prompted the U.S. law enforcement to try to prevent Americans from joining extremist groups in the Mideast or acting on their behalf in the U.S.; top law-enforcement officials have cited threats from Islamic State as among the biggest risks to U.S. national security (Shallwani, O'Brien, & Grossman, 2015). The article covers three individuals that have been recently for attempting and conspiring to provide material support to ISIS which, if convicted, can carry a prison term of fifteen years in prison.
There is a global effort to stop the material support to ISIS and ISIL but more…… [Read More]
leadership problems presented in the film? Refer to the models of leadership from organization behavior.
The seductive appeal of Gordon Gekko's credo "greed is good" has proven so persuasive with audiences that it is easy to forget about the organizational problems his leadership style creates for Wall Street firms. Gekko's autocratic yet ethically defiant mode of leadership creates a cult of personality around the man, without advancing the interests of any particular permanent business organization. Rather than an organization that builds upon past successes to create models for the future, the type of organization portrayed led by Gekko instead completely revolves around Gekko's charismatic personality. His whole world revolves around his immediate needs and the system of rewards he seeks, in terms of making money. This creates a rapacious organizational structure around him, a structure that has little sense of loyalty to anything other than Gekko's autocratic leadership style of…… [Read More]
Who can patients trust? Doctors may not give healthcare consumers objective advice, and given that gastric banding carries a high risk of infection and even death, the entire healthcare system may eventually have to pay for the costs of this risky surgery, and the publicity campaign in favor of this surgery, as the result of these "growing ranks of surgeons…touting the procedure at free public seminars" (Rundle, 2008:A1).
Of course, it could be argued that commercials encourage people to do all sorts of unhealthy things, in the name of corporate profits. But people expect doctors to be independent experts, and people have to trust their doctor's expert opinion to some degree. After reading about the business side of medicine, consumers should be more vigilant about investigating the side effects of following a physician's advice, and try to figure out what might influence a doctor's advice from the world of commerce.… [Read More]
Black Wall Street was the name given to the affluent black community of Greenwood Avenue in Tulsa, Oklahoma (Jaynes, 2011). They generated a prosperous and self-sufficient business district amidst intense racism and segregation laws. Several upper class and middle class blacks lived and worked in the area with the town generating high black economic activity (Rogers, 2010). What began as a journey to Greenwood Avenue in Tulsa as servants, led the pioneering business owners to turn inward and produce their own society where most of the capital spent went back into the community.
Such a closed community had its own economy. Black customers bought from black store owners. Black patients went to black doctors and so forth. This was because of the hatred whites felt at the time regarding blacks. Regarding the first domain and applying that lens into Black Wall Street, Fundamental Economics has 13 key concepts. Two of…… [Read More]
innie exerts an opposite influence by recalling to Jake the necessity of being a good, moral person if he wishes to keep her in his life. Even the baby that innie is carrying plays a part in Jake's need: he uses the baby as leverage to win back the money that Gordon has pilfered from him and innie. The baby is "time," and "time" is what Gordon really values. Jake offers Gordon the opportunity to make right with innie by donating the $100 million from the trust fund to the charity that Jake and innie support. By helping Gordon make right, Jake buys himself an "in" with innie, and Gordon is there to insist that the two give their relationship another try.
Prior to this happy reunion, however, Jake suffers his lowest moment in the film. That moment comes as a consequence of the false solution provided at the end…… [Read More]
S. economy, the major firms operating out of Detroit have struggled in the shadow of their own critical mismanagement. And with last year's major restructuring of the industry both on the American taxpayer's dollar and according to the priorities cited by the federal government, criticism both for the government and the industry have been considerable. ith this week's article by the all Street Journal, the fire of public hostility will be given yet more kindling.
This invokes one of the key points of public criticism for the federal government's handling of the global and domestic financial crisis. It is largely the view of many sectors of the public that major firms such as GM are significantly responsible for the current state of the economy. That the government appears to have shown such favoritism toward the private sector even as so many segments of the public struggle to make ends meet…… [Read More]
Having these in mind, the appearance of this section might have been the main reasons for which new readers from the young generation have been convinced to become regular readers of the journal.
All in all, it can be inferred from the above-mentioned statements that Wall Street Journal has been drawn towards the same time as the business world; with one of the greatest histories in the periodicals' world, a great number of readers and an unimaginable prestige, the American Journal, later on adapted to the Asian and European tendencies as well, would remain a reference paper for the business world in the new century as well.
Rosenberg, Jerry M. Inside the Wall Street Journal: The History and the Power of Dow Jones and Company and America's Most Influential Newspaper. New York: Macmillan, 1982, 345 pp.
The Wall Street Journal, at http://en.wikipedia.org/wiki/Wall_Street_Journal;
The Wall Street journal, at http://www.answers.com/library/ritannica%20Concise;
Press…… [Read More]
Improving consumer protection is a less vital factor in the reform package. It focuses on ancillary issues such as predatory lending and credit card interest. Improving protections may help to reduce the incidence of consumer bankruptcy, but has two negative consequences. The first is that the illusion of protection can encourage increased risk-taking behavior among consumers. The second is that increasing consumer protection fails to address the underlying issue, which is the atrocious level of financial literacy among the general population. These reforms, therefore, may not be effective.
The fourth set of reforms addresses the ability of government to respond to the crisis. The Federal Reserve's involvement in stabilizing the financial industry may have been needed at the time, but is inappropriate in the context of the Fed's tradition role. Furthermore, the FDIC has been forced into desperate action as its reserves have run low in the face of 100+…… [Read More]
Tulsa Race Riot: What Happened and Why
In 1921, Tulsa, Oklahoma, like many other American cities, was a hotbed of racial tension and the Ku Klux Klan was large, accepted and active in "keeping blacks in their place." Although Jews and Catholics were also targeted, African-Americans were far and away their primary targets. Blaming these minorities for the mainstream society's problems was a simple answer to a complex problem. The brutalities that were visited upon the African-America community in Tulsa were so severe and widespread that the event should be called the "Tulsa Race assacre."
The prosperity that was being enjoyed by many blacks in Tulsa at the time in an area known as "Black Wall Street" and the nice homes that the whites could see from downtown Tulsa served to infuriate many of them to the point where any excuse would be sufficient to exact their revenge for being…… [Read More]
Workplace Discrimination & Harassment
As an employee of a company, what can you do to personally to minimize discrimination and harassment?
There are several things that can be done by an individual if an employee is witnessing discrimination, whether it be because of religion, race, national origin, gender, gender identity, or because of the age of a worker.
If the discrimination is being conducted by another worker, clearly this should be reported to management. It would not be my place to go to the perpetrator and try to stop him. Hence, I should inform the union representative, or the appropriate manager at work.
Of course there is the risk that if I report that rude person for bullying another worker, or for making detrimental comments to that person, when the perpetrator finds out it was me I would be taking the risk of retaliation from that person. Still, it is…… [Read More]
Goffer made over $300,000 from the illegal deal. As the case expanded, 13 others were also charged. Altogether, they had acquired approximately $40 million or more in profit during the years 2006-2009 (Krantz). And the list could go on and on.
Conclusion - How Does Illegal Insider Trading Affect the Market and Economy?
Unfair advantage. Violation of transparency. Disruptive of a properly functioning market. Investors no longer invest. It begins with the first one and ends with the last. Trading in the market, whether by a professional or an amateur is based on skill and luck. One investor can perform better in the market because he or she learns how to acquire more skill in analyzing equities. But, if one person has an advantage such as inside corporate information no one else has, and he uses it to trade, he now has an unfair advantage (Heakal).
Transparency is now violated…… [Read More]
hat is up with all Street? The Goldman Standard and shaded of Gray
The Goldman Standard and Shades of Gray was a case study which was focused on Goldman Sachs and their impact on the economic system. Goldman has grown large enough in which their operation were capable of affecting the economic structure of our banking system, stock shares, as well as the government to a large extent. The company is obviously profit driven, but to an extent that borders on being ruthless and perpetually greedy for more money and success. Furthermore, Goldman's culture is more "toxic" today than it was in 2005, when they were involved in inflating a housing bubble that would help crash the global economy, or in 2007 and 2008, when they began desperately offloading their housing-related assets to investors who hadn't yet realized the market was going to crash; if there was a…… [Read More]
Even though the housing market is slowing, the article speculates that it may take six to eight months before sellers accept that the market has softened and reduce their prices. This demonstrates the economic theory that the supply relationship is a factor of time. Suppliers do not always react quickly to a change in demand or price, but eventually they must. The article suggests that demand will decline 3.5% next year, but that median home prices will still increase by 5%.
Suppliers are beginning to react to falling demand through a decline in price increases and incentives which are really indirect price decreases. That's why this is referred to as a "cooling off" period in the article which mentions that some condo buyers are being offered a car to make a purchase of a condo. The use of incentives may be viewed by the suppliers as a way to mask…… [Read More]
Glass Castle, Jeannette alls
There has always been much controversy regarding the relationship between parents and children through the ages. hile some consider that parents are responsible for their children material upbringing and that they need to provide their offspring with the basic needs, others believe that parents primarily need to focus on the intellectual upbringing of their children. Jeannette alls' situation is self-explanatory when considering parents who would rather induce creative thinking in their children instead of trying to provide them with basic needs.
Even with the fact that most people are inclined to associate parents with teachers and children with pupils, the truth is that children can also take on the role of teachers. Through adopting such attitudes they can instruct their parents in regard to their limits and to their responsibilities. The fact that Jeannette's parents, Rex and Rose Mary, attempted to provide their children with a…… [Read More]
all Street Bailout -- Part II
all Street Bailout
The government-orchestrated bailout of the banks has been hailed and yet also condemned due to its perceived efficacy or lack thereof. Jeffrey Fuhrer suggested a path that was a lot cheaper and perhaps a lot less encouraging and propagating of the bad habits of banks and government entities that led to the crisis. This alternative, of course, was the individual homeowner bailout. Indeed, bailing out homeowners directly would have cost a mere fraction of what it did indeed cost to bail out Citibank, ells Fargo and the other banks. However, neither solution alone has a clear advantage over the other when looking at all relevant circumstances. hile doing a homeowner bailout would have had its merits, doing just the bank or homeowner bailouts individually probably would not have been as effective as doing them both in concert.
This report will…… [Read More]
Sandra Street by Michael Anthony
Michael Anthony was born in 1930 in Mayaro. His father was Nathaniel Anthony and his mother was Eva Jones Lazarus. The young Michael Anthony was brought up in San Fernando in the busy industrial developmental units of Trinidad of that time. He found himself working in the heat and dust of the foundry even as a young boy and this influenced him into thinking of an entirely different sort of occupation for himself. He started thinking of journalism as a viable option but lacked the necessary qualifications for such a job. Michael Anthony soon traveled to England to work towards a Diploma in journalism. In 1963, he managed to produce his first publication called 'The Games were coming' and thereafter there was no looking back for this talented 'giant' among writers of this generation. (Anthony, Michael. "A Giant among Us")
Michael Anthony's Sandra Street is…… [Read More]
Deglamorizing American Street Gangs
Social researcher and author Deborah Lamm eisel (2002) says that the glamorized image of the American street gang as drug dealers is not the image that is consistent with historical research (Lamm eisel 75).
The drug gang} is certainly not a typical street gang... They didn't even grow out of a street gang. These kids started out to make money by pedaling crack and that is a very different phenomenon than street gangs (Knox 66) (Lamm eisel 75)."
Lamm eisel has gone back to the essence of the historical gangs that go back to the earliest immigrants who carved out sections of neighborhoods for themselves using coercion and violence to maintain territorial boundaries. However, it is easy to disagree with Knox, because for decades now street gangs have been associated with the violence and trafficking of illegal drugs.
In a journal article by John M. Hagedorn…… [Read More]
Ann Petry's "The Street": A novel in the American naturalistic tradition
Ann Petry's "The Street" is a story about Lutie Johnson, an intelligent, strong, and beautiful black woman who does her best to raise an eight-year-old son as a single parent, advance in her job, and work her way out of the Harlem streets. Petry uses Lutie Johnson as a medium to explore the limitations of the American capitalist system; the role of race and gender in perpetuating violence, poverty and failure; and the societal restrictions that restrict and oppress the female gender, especially black women. To quote Shannon Cate:
Ann Petry challenges the ideology of American capitalism, asking how a poor, Black woman can possibly attain the social and economic fulfillment promised by a bourgeois value system. The text depicts the struggle of a Black heroine who uncritically accepts America's sacrificial work ethic, radical individualism and cult of womanhood…… [Read More]
House on Mango Street by Sandra Cisneros [...] theme of search for self-definition. The protagonist of this novel, Esperanza, narrates a series of "chapters" concerning her life, her world, and the barrio as she sees it happening around her. Throughout the book, as Esperanza watches the world, she struggles to discover just who she is, and where she fits in the world around her. This self-definition is a compelling theme of the novel, but it also shows the difficulties many young Latinas face as they come of age in America.
Published in 1984, many critics believe "The House on Mango Street" is one of the best Chicana stories written. Author Sandra Cisneros writes with knowledge and pathos of growing up Latina in America because she herself experienced the difficulties of growing up in multi-cultural family. Her mother is Mexican-American and her father is Mexican, and she spent her childhood "commuting"…… [Read More]
The parking lot is also visible, so I get to see people taking their laundry in and out of the building. Some people use baskets and others use pillowcases, garbage bags, and even boxes. All kinds of people wash their clothes there. I see people ranging from bikers to mothers with children. The city changes when it rains, at least from this perspective. The buildings simply do not look good against the grey. Some views are stunning with dark clouds looming overhead but not this place. The buildings across the two-way street are simply too close for comfort and rain falling only seems to make me feel claustrophobic. Winter can be dreary, too. While winter is bad everywhere, it is worse here because the effect of the weather are within close proximity of the window. In fact, the window is always more neglected in the winter. The bottom is always…… [Read More]
As a result: "In 1940, just 16% of Americans invested in stocks. Now over 50% do -- thanks to the explosion of 401(k) plans, the wide availability of mutual funds, lower trading costs, and accessible research." would call Charles Merrill a leader rather than a manager, although it is likely that he was a strong manager of his organization as well. But he was a leader because he led his industry in a whole new direction, and changed that industry permanently in the process. According to Leadership vs. management (April 14, 2004), Charles Merrill was not just a leader of an organization; he was a leader of change within his entire industry:
www.1000ventures.comLeadership is about getting people to abandon their old habits and achieve new things, and therefore largely about change - about inspiring, helping, and sometimes enforcing change in people. "While there can be effective management absent ideas, there…… [Read More]
Choose a Film Interests
Isolate a specific issue, case, problem, or scenario related to business, politics, leadership, advertising, marketing, or ethics in the film.
In the movie Wall Street, there is a focus on a number of issues to include: business, marketing and ethics. What happened is Bud Fox is an up and coming broker who will do anything to be successful. This is when he meets Gordon Gecko, who encourages Fox to become creative in the investment advice that he is providing (by obtaining inside information). The impact is that Fox quickly become corrupted by the easy money and fast life of Gecko's world. Once he realizes that Gecko is using him for his own personal benefits, is when he begins to face legal troubles (with him being arrested for insider trading). After wearing a wire and recording Gecko's involvement is when Fox goes to court. The…… [Read More]
The viewpoint expressed in (b) is the closest to the way this paper will be presented. Indeed the roles that all Street (profit first, workers be damned) and the U.S. government played in this nonfiction book are the main reasons why Mollie's job was moved first to Mississippi and then to Mexico. To be sure, this sad legacy could have ended up with a more positive result for Mollie and a less negative result for the Mexican worker, Balbina Duque.
In fairness, statement (a) also has a ring of truth since the way corporations are moving jobs to cheaper locations (like China, where Apple employs many thousands of workers at low wages to assemble the iPads and other technologies) is good for business. But (a) is "not for the best" when it comes to corporate behaviors creating an inevitability that good people like Mollie and other hard-working employees…… [Read More]
Defense of the Fed's New Interest-ate Policy, which was published by The Wall Street Journal on January 6th, 2013, financial reporters Frederic S. Mishkin and Michael Woodford carefully craft a justification of the Federal eserve's latest revision to its federal-funds rate target. The purpose of the article is to inform readers about the Fed's recent Federal Open Market Committee (FOMC), which resulted in the decision to keep the federal-funds rate near zero with a contingency based on the national unemployment and inflation rates. By linking the federal-funds rate target to a baseline of 6.5% unemployment, and a predicted rate of 2.5% inflation, while also providing public notice regarding its previously private policy criteria, the Fed is renewing its efforts to stabilize an economy battered by a prolonged recession. As Mishkin and Woodford state in the article, this "commitment not to raise rates in the future as soon as might have…… [Read More]
t is explained that the "fiscal cliff" itself refers to the end of Bush-era tax cuts and large spending cuts that will occur at the end of the year if Congress can't agree on a way to cut $1.2 trillion in debt over the next decade. This would lead to income tax and payroll tax increases for almost everyone, with an immediate negative impact on spending and thus on the economy, and with a rising unemployment rate through 2013. The article also cites Ben Bernanke as saying the Fed would not be able to counter or even effectively mitigate the effects of going over this cliff, yet the politics will have to play out before any action is taken by anyone.
lluminating the issue still further, John D. McKinnon, Kristina Peterson, and Josh Mitchell's "Most Households Face 'Fiscal Cliff'" from the November 21st edition of the Wall Street Journal present…… [Read More]
Hometown Deli -- Environmental Analysis
The Hometown Deli was established by grandfather in 1952 in our hometown. The Deli has a product mix that consists of many different kinds of specialized coffees, teas, a full service bakery, homemade soups, sandwiches, and salads. The Deli has been a local hotspot for many years and has served as a community gathering place. Unfortunately, business has been steadily declining over the last five years and there has been rumors emerge that another Deli, Wall Street Deli, might enter the market as a local competitor. Although grandfather was an expert at running the deli, it lacks any modernization and many of the orders were previously taken with pen & paper or even just memory; the Deli essentially still operates the same as it did in 1952. This analysis will be comprised of a Porter's Five Forces analysis that will help the Deli kwon more…… [Read More]
Mill and U.S. Constitution
None of the issues being raised today by the Occupy all Street (OS) movement are new, but rather they date back to the very beginning of the United States. At the time the Constitution was written in 1787, human rights and civil liberties were far more constrained than they are in the 21st Century. Only white men with property had voting rights for example, while most states still had slavery and women and children were still the property of fathers and husbands. Only very gradually was the Constitution amended to grant equal citizenship and voting rights to all, and even the original Bill of Rights was added only because the Antifederalists threatened to block ratification. In comparison, the libertarianism of John Stuart Mill in his famous book On Liberty was very radical indeed, even in 1859 much less 1789. He insisted that individuals should be left…… [Read More]
As governments continue to print money, the relative value of this money will continue to decline, ultimately harming the consumers it was intended to help. Furthermore, this low interest rate environment is harming those who depend on their savings to generate income. With interest rates at record lows, and savings accounts generating very little income, inflation will erode the purchasing power of these savings (obert, 1988). Inflation could further erode an already shrinking middle class. The median income as I indicated earlier is already shrinking. Further constriction of purchasing power would cause more damage to the confidence of consumers and their willingness to purchase goods and services.
ead CNN article DUG_TESTING_GOES_OFFSHOE and summarize:
What you think are the advantages and disadvantages of offshoring some of these trials?
Many of the advantages of drug testing offshore correspond directly with the advantages of globalization within a market economy. First, drug…… [Read More]
Sorkin, however, posits no argument per se. ather, his book offers insight into how the financial crisis manifested from a far more personal perspective of those involved than anything else. The book is informative in nature, and give insight into some of the thought processes and activities those on the outside may not otherwise be exposed to or privy to. The title of the book sums it up best, and the book outlines how the banks and the primary players and stakeholders have become too big to fail. The book highlights the self-interest of those in charge of some of the biggest financial institutions in the world and their blatant disregard for Main Street.
The book has a place in the larger academic debates raised within public knowledge because it adds to the public's real knowledge of those involved in the nation's financial industry and government offices. Instead of speculating…… [Read More]
What the Occupy Wall Street movement is doing, is questioning the entire system itself.
A good example of this can be seen with the Occupy Wall Street Oakland chapter. What happened was the city had removed their camp near City Hall Plaza. This is in response to reports of: deaths, drug use and unsanitary conditions. At the same time, the resources of the police department were stressed to the point that they were unable to deal with possible issues affecting the safety of the community. This is when the police raided the encampment and dispersed the protestors from the area. In response to what was happening, the Oakland chapter decided to begin occupying foreclosed homes and privately owned vacant lots near City Hall Plaza. As, they are trying to illustrate how: the risky activities of bankers contributed to the financial crisis by staying in these locations. This is significant, because…… [Read More]
demographics of the associated publication and assess the tone and style of the article as it compares to the demographics given. The author of this report has done this and several things become quite apparent. It is obvious that the words and style used in the article are closely linked to the audience to which it is aimed and this manifests itself in a number of ways.
Style Linked to Demographics
In looking at the demographics of the Wall Street Journal, it is quite obvious that the publication caters to people that are investors, that are more educated, that are more affluent and that are the decision-makers at their jobs. This is quite obvious in seeing that 10% of Wall Street Journal readers are top management personnel, 25% are decision makers and nearly a third of the readership makes more than $100k a year. Nearly a tenth of the readership…… [Read More]
The Greenwood neighborhood was literally, an ash heap. ut rebuild they did. The tightness of the community returned -- most say it never left -- and their religious faith kept them going. They returned as well to all of the values, traditions, and morals they held before the riot. With the support of each for their neighbor, slowly, it happened.
It became the "New Orleans" of Oklahoma during the 1920's with its jazz and blues music pumping out of saloons all along the Greenwood thoroughfare. y the 1960s, however, much of the population had moved away and the area became distressed. Urban renewal in the 1970s replaced part of the area with a highway loop. Several blocks of the old neighborhood were saved and became the Greenwood Historical District. A park and cultural center honor the Tulsa Race Riot, and the Chamber of Commerce plans a larger museum to…… [Read More]
Beyond that, however, some lessons about organizational structure, values, and business models can also be gleaned from Lewis' work. Without a careful and purposeful control of operations to maintain their professionalism and ethicality, and without a strong indicator of ethical values and their importance at the top of an organization, the lower levels of the organization are all but certain to devolve into a chaos that brings out the lowest common denominators in human behavior.
As Lewis notes in a later rumination about his book, however, these lessons don't really appear to have been learned. The fact that CEOs at Wall Street investment firms still have massive (actually, far more massive) salary and benefits packages as did their 1980 counterparts while still failing to appreciate the risks that their investors are taking or the reasons (or lack of reason) that exist behind those risks has made Lewis' book "quaint" in…… [Read More]
But amid the celebration, crucial opportunities have been lost: In September 2009, the "inspector general for the Troubled Asset Relief Program, a k a, the bank bailout fund, released his report on the 2008 rescue of the American International Group, the insurer. The gist of the report is that government officials made no serious attempt to extract concessions from bankers, even though these bankers received huge benefits from the rescue. And more than money was lost. By making what was in effect a multibillion-dollar gift to all Street, policy makers undermined their own credibility -- and put the broader economy at risk" (Krugman 2009). Many banks have given back their TARP funds, in exchange for the ability to once again engage in risky activities, to pay traders the bonuses they desire, and to pay executives what seems to be overinflated compensation. In June ten of the largest recipients of aid,…… [Read More]
American Business Culture in Novel and Film -- all Street, Martha Stewart, and a Cookbook Mix of Greed and Gracious Living
Perhaps the quintessential film about American business culture is Oliver Stone's 1987 drama "all Street." The film's infamous Gordon Gekko, as portrayed by Michael Douglass, is shown as a hollow charlatan whose ethos that "greed is good" highlights the corruption of American business culture. However, quite often, breaches of American business ethics are not nearly so obvious. The protagonist of the film, as portrayed by Charlie Sheen, is a callow and easily corrupted young man, eager to make money, and easily swayed by the promises of American capitalism.
However, although the general American business culture's lack value of ethics may 'feel' accurately portrayed in the film, in reality, quite often a lack of ethical norms is not quite so raw nor so obvious on all Street. Business people's reasons…… [Read More]
obert omano on the TV show "E (obbins, 2005).
The metaphorical significance of greed in combination with selfishness, as currently mistaken for these two disorders combined, and its identification with social, economic, cultural, along with even religious status mistakes CEOs, media giants, and fortunate investors for people with this psychological disorder. In some cases, symbolic of praise; in others, disdain. The psychoanalytic explanation of greedy behavior further misleads people, who misunderstand greedy diplomatic, corporate, and political leaders, with those symptomatic of a disorder in need of treatment. At times the study of its insidious consequences on the self and on society drives a standard of hatred applicable to both.
Applicable Approach: Psychoanalytic Therapy
Clients interested in psychoanalysis must be willing to commit to an intensive and long-term therapy process. The intent of psychoanalytic therapy is to allow access to the unconscious as a source of conflicts and motivations. The…… [Read More]
hat is AI?
Future of AI
The Expert System
hat is an Expert System?
Three Major Components of an Expert System
Structure of an Expert System
Field and Benefit
Debate on Comparison
Artificial Intelligence (AI) and the Expert System Defined
Consulting applies a knowledge-based system to commercial loan officers using multimedia (Hedburg 121). Their system requires a fast IBM desktop computer. Other systems may require even more horsepower by using exotic computers or workstations. The software used is even more exotic. Considering there are very few applications that are pre-written using AI, each company has to write it's own software to determine the solution to their specific problem.
An easier way around this obstacle is to design an add-on. The company Fuziare has developed several applications which act as additions to larger applications. FuziCalc, FuziQuote, FuziCell, FuziChoice, and FuziCost are all products…… [Read More]
studied appeared a business accounting publications. A partial list publications article selected: The Accounting eview, Barrons, Wall Street Journal, Business Week, Fortune, Barrons, and Wall Street Journal.
GAAP article review:
Crovitz, Gordon L. (2008, September 8).Closing the information GAAP. The Wall Street
Journal. etrieved November 22, 2010 at http://online.wsj.com/article/SB122083366235408621.html
GAAP article review:
Crovitz, Gordon L. (2008, September 8).Closing the information GAAP. The Wall Street
Journal. etrieved November 22, 2010 at http://online.wsj.com/article/SB122083366235408621.html
The Wall Street Journal is famous for its pro-business, conservative editorials. So perhaps it is no surprise that in 2008, Journal editorial writer Gordon L. Crovitz praised the Securities and Exchange Commission (SEC)'s decision to mandate a shift to international accounting standards, in a phasing out of GAAP (Generally Accepted Accounting Principles) by 2016 for all U.S. firms. The Journal writer said that this was reflective of the "remarkably quickening pace of acceptance of a true lingua franca for…… [Read More]
The Under Armour company makes sports clothing as well as accessories. It is an American company. It mainly focuses on sportswear of the hi-tech variety that is marketed to professional athletes. However, anyone can buy clothing from the company. It offers sportswear as well as apparel that is more casual, and also started offering footwear only a few years ago. It has won awards, and has many sponsorship deals with everything from Football to Martial Arts. Discussed here will be sales and revenue information, along with financial and market analyses, the opinion of Under Armour on Wall Street, a brand history of the company, and information about one problem the company faces.
As of fiscal year 2009, Under Armour saw sales revenue of $856 million (Under, 2009). Naturally, that will fluctuate each year with the economy, new products and lines, and other factors that can…… [Read More]
business and professional ethics in the movie "all Street." Discussed are the ethical principles that are violated as related to business; how greed is presented as part of American business; Gecko's view; how Buddy reacts and deals with the issues of ethics; how Buddy's view of greed and ethics evolves and changes throughout the film; what is/are the ethical dilemmas he faces and how does he handle them.
all Street, the Movie
Capitalism is said to be the path to the American dream. The barons of the early twentieth century built empires, the majority of which remain major players in the corporate world today. The goal of a capitalist is to make the best product for maximum profit and at the same time sell it at a competitive price to give the consumer the best buy, thus, acing out market competitors. The force behind this is basically self-interest. The American…… [Read More]
The proclivity to pass blame between organizational members also suggest an internal cultural shortcoming rooted in an unwillingness to take responsibility for planning failures. This is an unnecessary conflict which is derived from the onus on planning failure and the clear incapacity of the organization to rebound in its wake. This perspective and reality go hand in hand.
So may we observe this from an article regarding Toyota's ongoing struggles and its contingency efforts at damage control. Such a crisis can surely illuminate the behaviors that may be demanded in the face of unexpected planning failures. According to Takahashi (2010), "Toyota Motor Corp. said Friday it will temporarily halt production at its factories in France and the U.K. For a total of at least 12 days from late March, due to weaker demand for its vehicles in the region after a series of global safety recalls. The production suspension coincides…… [Read More]
They are definitely a group that is picked for their passion for government affairs and who keep abreast of economic trends that affect the country.
Also, it is not necessarily the case that one who has insider knowledge will necessarily use it. One legislative aide remarked that he bought his shares at 12:50 P.M. On a date well after it was widely reported in the media.
It is extremely important that the Government create regulations to address insider trading. However, it may prove futile to prevent insider trading only, as the real danger of insider knowledge is that it might be passed on to larger groups of investors associated with congressional staff. Considering this, it may be necessary to create a new non-partisan agency to investigate the dealings and associations of congressional staff.
Partly because of the recent financial meltdown and the Government's self-interested response to it, citizen anger and…… [Read More]
Over the course of time, assertive laws are evolving which are supposed to deal with any issues quickly. This means that all financial firms will face higher costs and greater amounts of time in complying with these new guidelines. ("Dodd Frank")
Clearly, the Bernard Madoff scandal reshaped investor confidence and the regulatory environment. This is because many of his clients suffered tremendously from the firm's activities. In some cases, individuals were forced to sell their homes. While at other times, many nonprofits were forced into bankruptcy from being overly exposed. This resulted in the trustee utilizing aggressive tactics in recovering assets.
These actions set the stage for regulators, actuaries and fiduciaries to begin taking a more assertive stance when protecting the interests of the public. As a result, much stricter guidelines are being imposed. These areas are impacting the operating procedures of firms and how they are accounting for…… [Read More]
1st Amendment Issues
A highly controversial decision rendered on January 21st of this year by the Supreme Court, affirming the right of corporations and other organizations to enjoy consideration as "persons" and the 1st amendment protections afforded by that status, threatens to undermine the foundation of this country's democratic process. With their closely contested 5-4 decision in the case of Citizens United v. FEC, the high court's conservative members have effectively shattered existing precedent regarding the ability of corporations to channel shareholder funds to political campaigns. In their effort to protect the duly granted right of individuals to contribute money as a form of political speech and expression, the justices in the majority have effectively opened a Pandora's box of unintended consequences. By extending the rights held by individual citizens of this nation to corporate conglomerates and multinational entities, the Roberts court has redefined the menace of judicial activism once…… [Read More]
Again, the press is not aware of all that goes on in the White House behind closed doors. Just because the matter was not publicly mentioned again in a direct fashion, does not mean that it was dropped. My team and I have continually discussed the best course of action for fostering trade with Tunisia and setting a much stronger precedent in the Middle East. The WSJ has actually zeroed in on the connection between this injection of fiscal support to Tunisia and our intentions to foster free trade with the entire Middle East.
The WSJ thinks that we should strike a trade deal with Tunisia and to also designate as a strategic economic nation. I and the entire White House is flattered that the Wall Street Journal would give us such obvious and prosaic advice on plans that we've already come up with ourselves. Of course the U.S. is…… [Read More]
Business Society and Corporate Values
There has indeed been a great deal of discussion regarding CEO compensation, which is rightly viewed as being completely out of line. The core problem and cause of inflated CEO salaries cannot be attributed to a single reason, but is rather the result of a range of inter-connected factors. What is definitive is the fact that these salaries have inflated over time; this is in part due to the fact that greed is a progressive, boundless factor. "According to the Economic Policy Institute, in the late 1970s, total compensation of chief executives in large American corporations was 35 times that of the average American worker. In 2007, it was 275 times that" (Borger, 2007). These facts alone demonstrate that there is good reason to be in a state of alarm. The reasons for such severely inflated and remarkably unjust salaries are a result of the…… [Read More]
As with any of the big questions worth asking, there is no easy answer to whether the stock market is rigged. The real answer is both yes and no. On the one hand, the market has rules and regulations, oversight boards like the Securities and Exchange Commission, and is open for all investors to participate in on a potentially equal basis. On the other hand, the way the market works is clearly “unfair,” as Tepper puts it (1). Unfairness is built into the system because the actual point of sale is not something the ordinary investor is privy to—meaning the price of stocks is not a true reflection of investor supply and demand. This inherent unfairness built into the process of the stock market is why maverick developers like Brad Katsuyama has developed the IEX (Tepper 1). Abraham points out other reasons why the stock market methodologies remain unfair, “rigged,”…… [Read More]
In case this is not accomplished, once the crisis has passed, the employees will lash out, just like the Indian ones are doing now.
Quote #8: Amy Carr, ed Door Interactive co-founder: "ecruiting, in particular is a pure form of marketing. You're selling the company, qualifying people, and developing relationships." This statement was issued by Amy Car, a former marketing specialist who notes the interrelatedness between the two seemingly different business functions.
Quote #9: Michelle Conlin, Business Week editor: "That's why the next front in the Wellness Wars is not about you. It's about your husband, your wife, and your kids." In a world in which the sedentary life style and the fast food alimentation are making more and more victims, employers strive to motivate the employees to get in better shape and improve their life conditions. As these endeavors have mostly failed, employers now target the family members of…… [Read More]
The rules as they are presently enforced only require elected Members and "…about 2,900 of the highest-paid congressional aides to disclose information once a year on their finances" (including gains from trading stocks), Mullins and colleagues point out. hat is wrong with that fact is that all aides, not just top aides, should be held accountable for investments they make, in particular those investments made by companies that are in any way connected to legislation that the aides' bosses are working with.
Taking it one step farther, all Members of Congress and all their aides -- top legislative assistants and the underlings of those top echelon staffers -- should be not only be required to disclose their personal finances, but they all should be banned from using any insider information in order to profit. hen they get back into private life, there still could be restrictions on what investments they…… [Read More]
You need to find the real value and bargains. This will not happen over night. Do not worry if something passes you by in the meantime. Something else will come along. Promise.
Be "humble" like Wilbur the Pig. Even though you are doing well, do not get cocky. Keep it slow and easy. You do not want to lose everything you have to gain. emember Wilbur almost lost it all with the axe after he got good and plump.
Going back to Wilbur...there was also Charlotte, who was very patient. Charlotte had a lot of patience, and it was well worth the outcome. Do not panic when the markets dips. If it is a serious dip, then still take your time. A few more days will not make a difference. Timing is very important.
Just like with everything else in life. Moderation is best. Putting all your eggs in one…… [Read More]
John Perkins (2007), likewise, examines how the modern American Empire has affected our economy and our society in his book the Secret History of the American Empire.
Perkins reveals nothing new when he contends that the United States makes up "less than 5% of the world's population…[yet] consumes more than 25% of the world's resources" (p. 5). What he does do with this information is use it as a platform from which to analyze America's position in the global arena. How is America able to consume so much? According to Perkins, "this is accomplished to a large degree through the exploitation of other countries, primarily in the developing world" (p. 5).
As Howard Zinn points out, European powers, beginning in 1897, were pushing their way into China, a potential nation ripe for exploitation. The only problem was that America was not in on the action. What Zinn shows is how…… [Read More]