Current Credit Crisis in the United States Understanding the Trigger Factors

Nearly four years after the collapse of the Lehman Brothers and the subsequent financial downturn that followed, and which most financial commentators blamed on the housing bumble and subprime lending (Mills, 2009), the economic environment of the United States continue to struggle as markets continue to be embraced by fears of new setbacks, defaults and the prospect of experiencing a new double-dip recession (Gibson, 2011).Advertising We will write a custom essay sample on Current Credit Crisis in the United States: Understanding the Trigger Factors specifically for you for only $16.05 $11/page Learn More This paper purposes to critically evaluate the underlying causes of the current credit crisis sweeping through the United States. Behind the current credit crisis lie many factors, including the free fall of the U.S. stocks, the obstinately high employment rate in the U.S., the politically-oriented scuffle in Washington over the federal debt ceiling, a nd the decision by credit rating firms, particularly Standard Poor’s, to demote the government’s AAA rating after its aftermath (Inman, 2011; Gibson, 2011; Morales Mendes, 2011). Perhaps one of the most overbearing causes of the current credit crisis is the just-ended political scuffle over hiking the U.S. debt ceiling by $2.1 trillion, while reducing future government spending by $2.4 trillion (Gibson, 2011; Rowley Dodge, 2011). Financial analysts observe that although the raised debt ceiling made significant strides in avoiding massive default, it also rattled investors just coming to terms with a shaky U.S. economy, precipitating the current credit crisis (Gibson, 2011). It is true that a political compromise was found before the U.S. Treasury missed interest payments on U.S. debt (Peauler, 2011), but the damage had already been done in terms of low investor confidence, hence low credit flow. The cumulative effect of political indecisiveness witnessed between the Republicans and the Democrats got the investors nervous, a fact that is so well demonstrated by the dipping U.S. stocks as investors attempt to sell them off (Peauler, 2011). This is precisely the second cause that has occasioned the current credit crisis.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More On the 1st of August 2011, one day before the presumed deadline to raise the U.S. debt ceiling or risk missing out on interest payments (Peauler, 2011), the Dow Jones Industrial Average shed off 265.87 points, or 2.2 percent, to 11,866.62, its worst day of trading since June 1, while the SP 500 projected a new closing low for 2011 and turned negative for the year (Gibson, 2011). Such a dip in stocks, according to this author, only serves to precipitate a cloud of uncertainty over the market, thereby contributing to a further loss of confidence among investors and, consequently, triggering t he credit crisis because financial institutions lack the capacity to offer credit to businesses (Peauler, 2011). The decision by credit rating firm Standard Poor to downgrade the government’s AAA rating cannot be said to have augured well with the United States’ continuously shaky economic environment by virtue of the fact that such a decision, by its very nature and scope, is enough to put investors into frenzy of disposing whatever they might have held in U.S. Treasury securities (Peauler, 2011). Once again, available evidence have demonstrated that when investors dispose off U.S. Treasury securities, the cumulative effect is that banks will no longer have the capacity to provide credit to businesses (Levinson, 2009), triggering a spontaneous credit crisis. Lastly, it can be argued that the high level of underemployment and unemployment witnessed in the U.S. is partly to blame for the weak economic outlook in general and the ensuing credit crisis in particular. A re cent Gallup study revealed that 18.5 percent (approximately 1 in every 4) of workers in the U.S. are underemployed, including 9.1 percent unemployed (Morales Mendes, 2011). The high level of underemployment and unemployment translates into lower consumer spending – a fact collaborated by these authors when they argue that Americans’ spending has remained fundamentally dormant since it plummeted dramatically in January 2009. The overall effect of these two variables – unemployment and low consumer spending – is seen in plummeting property prices, low business volumes, and sustained uncertainty in the financial markets as people are not spending and industries are not growing (Yerex, 2011). These factors are adequate to serve as a toxic trigger to a new credit crisis.Advertising We will write a custom essay sample on Current Credit Crisis in the United States: Understanding the Trigger Factors specifically for you for only $16.05 $11/page Learn More Reference List Gibson, K. (2011). U.S. stocks in worst streak since credit crisis. Market Watch. Web. Inman, P. (2011). Banks are in a capital crunch again. The Guardian. Web. Levinson, M. (2009). Guide to financial markets. New York, NY: Bloomberg Press Mills, D.Q. (2009). The world financial crisis of 2008-2010: What happened, who is to blame, and how to protect your money? Evanston, IL: Northwestern University Press Morales, L., Mendes, E. (2011). Three years after crisis, little sign of economic relief in U.S. Web. Peauler, R. (2011). Another credit crisis looming for business if debt ceiling is not raised. Web. Rowley, J., Dodge, C. (2011). House passes $2.1 trillion U.S. Debt-limit increase; Senate to vote Aug. 2. Web.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Yerex, R.P. (2011). The consumer-driven economy at a crossroads. Business Economics, 46(1), 32-42. Retrieved from MasterFILE Premier Database This essay on Current Credit Crisis in the United States: Understanding the Trigger Factors was written and submitted by user Emmitt B. to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.

Urban Sprawl and Public Health Article Summary

Urban Sprawl and Public Health Article Summary â€Å"Urban Sprawl and Public Health†, a journal article authored by Howard Frumkin in 2001 gives a detailed account of the physical and mental effects of urban expansion. The concept ‘urban sprawl’ refers to rapid development of urban areas against slow development of social amenities (Frumkin, 2001, p.3).Advertising We will write a custom essay sample on Urban Sprawl and Public Health Article Summary specifically for you for only $16.05 $11/page Learn More The author expounds that some of the distinct features that characterize urban sprawl include; increased economic opportunities, poor regional planning, and overreliance on automotive travel, which has a negative effect on physical health (Frumkin, 2001, p.1). Subsequently, abrupt extension of metropolitan areas leads to the emergence of social homogeneity that is undeniably detrimental to the health of city residents. Frumkin (2001, p.1) highlights that the effects of urban sprawl ha ve been debated for long. However, little attention has been focused on health implications arising from this phenomenon. It is essential to note that, urban lounge affect people’s life both positively and negatively. Against this background, this essay provides a summative analysis of the impacts of urban sprawl on mental and physical health of urban residents. In-depth analysis of literature has shown urban sprawl have adverse physical effects among urban dwellers. From the article, it is evident that people are highly motivated to shift from rural to metropolitan areas, yet some essential natural resources are not available in city centres. For instance, in urban areas there are no trees and other aesthetic facilities such as open ground recreational amenities (Frumkin, 2001, p.3). Moreover, the author emphasizes that physical activities in the densely populated urban centres has become a notable challenge. Lack of recreation activities, which are known to alleviate stress , affects both the physical and mental health of urban dwellers negatively.Advertising Looking for essay on social sciences? Let's see if we can help you! Get your first paper with 15% OFF Learn More Secondly, research conducted by psychologists indicates that people enjoy automotive commuting, yet it exposes them to mental stress, especially in the eventuality of heavy traffic jam. Moreover, excessive noise originating from traffic and industrial activities deprive urban dwellers a tranquil and calm atmosphere (Frumkin, 2001, p.3). Consequently, due to lack of soothing and restorative atmosphere most people suffer from headaches and other stress-related complications. It is reasonable to illuminate that a shift from suburbs to urban results to social isolation, loneliness and breakup of family ties, and this further leads to mental stress among city dwellers. Besides, Frumkin explicates that urban dwellers are susceptible to illnesses that are associated wit h large crowds. Poor urban zoning and influx of large crowds leads to scarcity of basic amenities. It is definite that when mental health of an individual is threatened, then the physical and emotional state of the body is affected too (Frumkin 2001, p.3). Studies have revealed that excessive commuting results to backaches and self-reported stress. Additionally, cardiovascular ailments have become a common phenomenon due to lack of exercise and stress. Since urban sprawl is characterized by heavy traffic, cases of accidents are rampant especially in situations where traffic safety is neglected (Frumkin, 2001, p.3). Another point of concern is that pollution results to respiratory ailments. Poor urban planning results to scarcity of basic facilities such as water utilized by the public and this can result to an outbreak of waterborne diseases.Advertising We will write a custom essay sample on Urban Sprawl and Public Health Article Summary specifically for you for only $16.0 5 $11/page Learn More There is a need to hypothesize that social separation especially among married people due to urban employment results to immorality which has adverse effects to one’s health (Frumkin, 2001, p.3). Consequently, sexual immorality in the urban centres increases the risk of sexually transmitted ailments, thus increasing mortality rate. Reference Frumkin, H 2001, ‘Urban Sprawl and Public health’, Public Health Reports, vol, 117, no.1, pp.1-3.

Leadership Approach Essay Example | Topics and Well Written Essays - 750 words

Leadership Approach - Essay Example Different approaches tackle different ways of scrutinizing leaders in different organizations. However, they have a common feature which is the determination of effective leadership. The leadership study approaches have been in existence since the early 90’s. The approaches have evolved to more efficient and appropriate approaches. The leadership study approaches include the trait approach, behavior approach, power influence approach, situational approach and the integrative approach. All the approaches have three key variables; characteristics of the leader, characteristics of the followers and the characteristics of the situation. This paper will focus on behavior approach of studying leadership (Yuki, 2010). It will give an insight in the characteristics of this leadership study approach. Additionally, the paper will include an insight on its strengths and weaknesses and an example of its application in studying leadership. Behavioral approach of studying leadership was est ablished in the early 1950’s after the trait approach failed to provide researchers with the required results to evaluate leaders (Yuki, 2010). The behavior approach pays close attention to managers and leaders in organizations. It evaluates some personal attributes and skills at a closer perspective. The approach is divided into two categories of scrutiny. The first category focuses on the research on the manager’s job description, how they spend their time, their daily pattern of activities, their responsibilities and the functions of their managerial jobs. In this category some researches also focus on how managers deal with constraints and demands and how they resolve conflicts in their line of duty. In this category data collection is mainly done through observation, job description questionnaires, diaries and anecdotes from retrieved from interviews (Griffin, 2011). The mangers effectiveness in this subcategory is their ability to solve role conflicts cope with d emands, deal with constraints and recognize opportunities. The other subcategory in behavior study approach entails the identifying of effective and appropriate leadership behavior. In this subcategory research methodology is mainly done by a survey of the research field and using an appropriate questionnaire. The questionnaire is an inclusion of behavior description questions. Since the establishment of this approach researchers have been able to identify the correlation between a manager’s behavior and effective leadership (Yuki, 2010). This leadership approach has several weaknesses and strengths when it comes to application and results. According to Yuki (2010) the strengths of this approach revolve around the personal knowledge of a leader. This approach enables researchers to know a manager more when not and when in their job description. The personal attributes of a manager are very important in analyzing their effectiveness. By its method of data collection a managerà ¢â‚¬â„¢s skills and effectiveness is able to be scrutinized in a personal basis. The evaluation of a manager’s ability to solve conflicts is also a unique feature in this leadership study approach (Griffin, 2011). Additionally, this approach provides a perspective on the correlation between the personal attributes of a manager and their effectiveness in their job description. This approach mostly questionnaires as a tool of data collection. This

Business Process and Systems Essay Example | Topics and Well Written Essays - 1000 words

Business Process and Systems - Essay Example In operation management, the management of the entire process relating to the production and marketing of the products or services are involved. The distribution management consists of the organising and control of the basic functions of product distribution in the market. In the old system adopted by the company, each crop is decided by the tenant and the business receives rent and a percentage of the profit. Certified organic products would help to gain the market with greater profit. Expansion of the business requires greater access to the market through considerable changes in the organisation structure. It is better to modify the production operation by giving clear cut planning relating to each of the organic farm products that has to be produced by each of the tenant. It will be more effective in production as the targeted quantity of each of the product type can be ensured. Inventory management: Too much inventory and lack of enough demand will generate great financial loss to the business. Maximising cash flows should be the aim of the business. To gain this, the inventory management system should be strengthened by shortening the forecasting time and analysis of the sales and demand data. Improved communication process is another essential factor for the efficient distribution process. Best practises of inventory management, with advanced technology tools, are helpful for improving the inventory management. Online distribution management system can be applied for improving the efficiency. It will facilitate the integration of factors such as customers, stocks, distribution and services in cost effective manner. Distribution chain starting from the vendors to the customers’ electronic distribution system can be applied. Supply chain management is greatly related to the co-ordination of different functions in the business such as procurement of materials from the farmers, co-ordination between different players in the

Leadership and Action Article Example | Topics and Well Written Essays - 500 words

Leadership and Action - Article Example Leaders may play many roles and therefore are required to perform diverse actions to fulfill the requirements for the development of the organization. It is manifested that actions performed by the leader depends on the functions that leader is performing at that particular time (Krench, 1962). The following actions are performed by the leader: Purveyor of rewards and punishment: Leader is the one who can act as an encouragement for his subordinates by rewarding them and also encourage them to do the best and up to desired expectations by punishing them. Punishment is also an encouragement and brings the best within the individual. Father figure: A leader is required to act as a focused and have positive emotional feelings for the fellows for the identification of the problem and also for transference. It is desired for the transparency and to build trust among the fellows towards their leader. 1. Chemers, M. M. (2002). Cognitive, social, and emotional intelligence of transformational leadership: Efficacy and Effectiveness. In R. E. Riggio, S. E. Murphy, F. J. Pirozzolo (Eds.), Multiple Intelligences and Leadership.

Frankenstein | Feminist Interpretation

Frankenstein | Feminist Interpretation In most 18th century stories, men portray to be the more dominate figure in the story or family. Women in the stories tend to be less important than the males. In Mary Shelleys Frankenstein: or, The Modern Prometheus, women are mention that much and even if they are, they end up being killed or dying. Feminist interpreters tend to think Shelley has patriarchal man-centered views regarding gender roles. The idea of inactive women in a patriarchal society tremendously impacts the scheme of the novel. This is a complicated topic because most of her women characters are quiet, content women who, at first, share little similarities with self-confident women. Women did not have many rights as men and they could not stand up for themselves. If a woman were to do so they would be label as impertinent and unthankful. Shelleys approach on women is more complex than what we know it. She reveals to us that women are ambiguous and conflicting people, without a vast amount of control. Shelley reve als the injustice discreetly all through the book. All through the novel, Mary Shelley suggests that women are victims in a patriarchal world. In Frankenstein: or, The Modern Prometheus, Caroline Beaufort Frankenstein, Justine Moritz, and Elizabeth Lavenza are examples victims of a patriarchal world, dominated by men Caroline Beaufort Frankenstein, Victors mother is a victim in a patriarchal world. After her fathers death, Caroline is taken in by, and later marries, Alphonse Frankenstein. She ends up marrying Alphonse, a friend of her father. Alphonse later became her protector, he came like a protecting spirit to the poor girl, who committed herself to his care; and after the interment of his friend he conducted her to Geneva and placed her under the protection of a relation. Two years after this event Caroline became his wife (18). Alphonse is the dominate figure over Caroline, he is her protector. This shows women, like Caroline are not capable of taking care of themselves. In chapter 1, Shelley portrayal of Alphonses care for Caroline sounds as if she is in charge, Everything was made to yield to her wishes and her convenience (19). This short description shows that Caroline is cherished by Alphonse, making her more dominate. Shelley tells how Alphonse, strove to shelter her, as a fair exotic is sheltered by the gardener, from every rougher wind and to surround her with all that could tend to excite pleasurable emotion in her soft and benevolent mind (19). Shelley seems to portray women as a delicate person they needs to be care for by a man. Women, like Caroline appears to being incapable of taking care of themselves. This implies that women are victims in a patriarchal society, dominated by men. Justine Moritz lives with the Frankenstein family as their servant after her mother pass away. She is a victim in a patriarchal world, dominated by men. After William is murdered, the creature puts an image of Caroline, Williams mother, that William was carrying in Justines pocket and she is blame of murder. She later confesses wrongly to the crime out of trepidation of going to Hell. Victor did not believe that she has murder William saying, Justine Moritz! Poor, poor girl, is she the accused? But it is wrongfully; everyone knows that; no one believes it surely, Ernest? (62). Even after this she is still guilty of the murder and is executed. This reveals that Justine is a victim because even though she did not actually murder William, she was found guilty. The murdered was actually a male, the creature, yet Justine was punished. She is wrongfully executed for an action of a man. Justine is an innocent girl; she would rather face the consequences of a murder conviction than be excomm unicated by the church. Justine, a pure innocent soul, has no one defend her in trial. Yet, when Victor, a men, accused of killing Henry Clerval, has many people to defend him, a much more corrupt soul. For this reason Justine is put to death, therefore she is also a victim of a male dominate world. Elizabeth Lavenza is an example of women being victims in a male dominated world. Elizabeth is an orphan taken in by Victors parents. She is passive, waiting for Victors return. She is a victim is a mans whole because all she does majority of the time in the novel is wait for him to return. After receiving the news that Victor has fallen deeply ill she immediately writes him a letter, My dear Friend, It gave me the greatest please to receive a letter from my uncleà ¢Ã¢â€š ¬Ã‚ ¦my poor cousin, how much you must have suffered! I expect to see you looking even more ill than when you quitted Genevaà ¢Ã¢â€š ¬Ã‚ ¦My uncle will send me news of your health, and if I see but one smile on your lips when we meet, occasioned by this or any other excretion of mine, I shall need no other happiness (165-166). Elizabeth seems obsess with Victor, Shelleys portrayal of her seems to be as if she is in need of Victor, as if she would die without him. Elizabeth models the Victorian angel in the house. Victor describes her as a being heaven-sent. bearing a celestial stamp in all her features, fairer than pictured cherub (20). Victors description of Elizabeth makes us think that she is an angel. Victor is very fond of her, this show that Victor treasures her greatly, hence her being dominate over Victor for a moment. Victors action is the cause of Elizabeths death, because of the promise Victor broke to the creature he vows to take revenge on Victor. The creature ends up murdering Elizabeth on her honeymoon night with Victor. Even though at times Elizabeth appears to be dominating over Victor, he still surpasses and controls her, thus Elizabeth being a victim of a patriarchal world. Throughout the story Shelley suggests that women are victims in a patriarchal world, dominated by men. Frankenstein: or, The Modern Prometheus is an embodiment of Shelleys concern for feminine position and importance in the 18th century patriarchal society. Shelleys approach on women tells us that women are ambiguous and contradictory, lacking power. Shelley reveals the inequality inconspicuously all through the story. Throughout the novel, Mary Shelley suggests that women are victims in a patriarchal world. Caroline Beaufort Frankenstein, Justine Moritz, and Elizabeth Lavenza are victims of a patriarchal world, dominated by men. Men are the reasons why these women were punished. The novel exemplifies the unfairness of women in the 18th century and in the novel.

urbanization in third world countries Essay -- essays research papers

Urbanization and its effect on third world living conditions Urbanization is the spreading of cities into less populated agricultural areas. Most people would not think that this is necessarily a problem. They would say that it is good that the â€Å"developing countries† were becoming more developed. With urbanization comes factories and more jobs, so the people can make more money and be happier. Right? The problem is that these people must sacrifice their traditional lifestyles, for this new â€Å"Urbanism†(the way of life, attitudes, values, and patterns of behavior fostered by urban settings Knox 234). A lot of these people don’t choose this lifestyle- they are forced into it. Because there is a growing demand for natural resources in the core countries, the semi periphery and periphery countries (where many of the resources are) get exploited. The â€Å"civilized† world enters the other countries, buys land from the government and then forces the people who are on that land off of it. These people then move to the cities because they have nowhere else to go. Once they get to the city they are lucky to find a job. Sometimes these jobs pay as little as 80 American dollars a year and can barely support a family. As a result many turn to crime or prostitution to make ends meet. Our worst poverty is generally better than the average people in these third world cities.   Ã‚  Ã‚  Ã‚  Ã‚  The people in these cities lack not only those things that are necessary to sustain life- such as food, clean water and adequate sewage. But they also lack those things that we consider to be essential to life such as electricity, running water, and education, forget any of the things that we just have to enjoy, like cars clothes candy drugs television and entertainment. Eventually large slums develop around or inside of the cities, in these slums; large groups of poor and uneducated people end up living together in poverty. The World Bank met in 1999 to address these problems; in their report they write â€Å" Hundreds of millions of urban poor in the developing and transitional world have few options but to live in squalid, unsafe environments where they face multiple threats to their health and security. Slums and squatter settlements lack the most basic infrastructure and services. Their populations are marginalized and largely disenfranchised. They are expos ed to disease, c... ...ople off of it. If people were not forced off the land, into the city, the cities would grow at a natural rate. When Urbanization occurs at a natural rate (the United States) Poverty is present but not as magnified.   Ã‚  Ã‚  Ã‚  Ã‚  Truth is that these problems cannot be fixed by anyone. If there are people that have a lot then there are going to be people who have a little. These rules are written in the very laws of nature. The governing powers (companies, world bank, tri-lateral commission) think that if they can just raise these people up to a little bit higher living standards than they will be o.k. But the more you give people, the more they want, it’s just human nature.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Bibliography 1.World Bank Group. â€Å"cities alliance for cities without slums, action plan for moving and upgrading slums†. Annual meeting.1999 No authors were given 2. United nations human settlements program. â€Å" urbanization, facts and figures† New York, 6-8 of june 2001 3. another united nations human settlement report, no author no date

Japanese Dining Etiquette

Japanese Dining Etiquette Remembering your correct manners is very important in Japan, especially concerning the area of dining etiquettes. This applies especially to foreigners, who should try to remember at least the most basic rules†¦ In Japanese meals, it is customary to say ‘itadakimasu’ (‘I gratefully receive’) before your meal, and ‘gochisama deshita’ (‘thank you for the meal’) after you have finished. These traditional phrases are to show your appreciation for the meal, especially when someone cooks for you.The best way to start your meal is with a sip of soup. Then you should eat a little bit of each dish, in a ‘rotation’, until you finish all the dishes at about the same time. Do NOT complete one dish of food before moving onto the next. Remember that if you are eating from communal dishes, it is considered an important etiquette to pick up the food using the opposite end of your chopsticks, or serving ch opsticks if any are provided. Do not start drinking until everyone at the table is served, and do not pour any drinks for yourself.This should only be done by others, and naturally, it is also your responsibility to periodically check your friends’ cups and fill them up if they are empty, too. NEVER stick chopsticks into rice standing up, as this is how rice is offered to the dead. If you haven’t already heard, it is perfectly acceptable to slurp your noodles in Japan, as people say it tastes better, and it also shows you are enjoying your meal. Remember that it is considered very rude to burp, blow your nose at the table, and talk about unappetizing topics.Lastly, remember to finish every little grain of rice in your bowl or plate, as rice is considered very precious. Also this shows the chef you appreciate his/her food very much. It is also considered polite to return all plates and dishes back to their original positions, and to place chopsticks back in their paper slips or holders. Bibliography http://www. japan-guide. com/e/e2005. html http://www. suite101. com/content/eating-japanese-dos-and-donts-a31496 http://www. japanesefood101. com/index. php/category/dining-etiquette/

History of Hong Kong Report essays

History of Hong Kong Report essays "Tourism and the Hong Kong economy" is basically describing the relations between the tourism and economy in Hong Kong. There are many different resources can cause the influence on economy by tourism, such as, the export of services, industries, and policy etc. The present monograph introduces the issues, the source markets which how they affect the tourism. Also analysis of the economic impact of tourism and addresses the strategic importance of aviation industry and the airport capacity problem. Furthermore, the studies of the hotel industry are another key industry in the tourism sector. Also, the retail sector, and the building of new tourist attractions and the policy are all had been mentioned from the book. As the book state, a significant proportion of visitors to Hong Kong are business travelers, not tourists. Of course, Hong Kong has managed to attract visitors who come purely for pleasure. Exports provide a powerful stimulus for growth. Domestic demand is much less powerful in this regard. Basically, exports represent a direct injection of purchasing power into the economy. Without incomes earned from export, purchasing power has to come from within the economy. Also, the source markets can be affcting the tourism. The present institutional constraints on the inflow of China tourists, which is a complex issue. The consequence of direct air links between Taiwan and the People's Republic of China, which some people find worrisome, is expected to be slight for obvious reasons. The benefits of the convention business and the marketing concept of the integrated Pearl River Delta, which vastly expands the scope of tourist attractions to visitors' markets and the growing con vention business are two new aspects of the tourism industry that deserve mention. Hong Kong has always been well known for its openness to work drade. It has also captured a large share of the global revenue that international travel gen...

Covey essays

Covey essays The Seven Habits of Highly Effective People Dr. Stephen R. Covey published a book that was all the rage a few years ago. His book The Seven Habits of Highly Effective People outline seven traits found in all effective people. In order to see these habits one must undergo a paradigm shift, which is seeing through the eyes of others. A perfect example of a paradigm shift is the story of a subway ride. Covey told the lecture group to Picture yourself on a quiet subway ride home. Everyone is quiet there are several people sleeping while others are reading. At the next stop a man gets on with some children. The children are very disruptive throwing things running into people, just kids behaving rottenly. You turn and say to the man your children are being disruptive maybe you could do something to control them. Then the man turns and says we just came from the hospital their mother just died and I guess they dont know how to handle it, neither do I. and right away you feel bad for the man. Most people would want to know what they could do to help. In order to improve on the seven habits one must undergo a paradigm shift. When you first look at the title you might ask what is meant by effective? Well Covey defines by using the P/PC balance. The PC in this fraction stands for production capability of something that one desires while P stands for what is actually produced. In order for one to be effective one must be very mature, and develop. People develop from dependence, to independence, and finally to interdependence. Also one can ask what exactly is a habit? A habit is a principle that is internalized where attitude, knowledge, and skill overlap. Covey said that all the literature dealt with character ethics or personality ethics separately. Coveys theory deals with both types of ethics at the same time. He uses the iceberg analogy to describe the relation between c...

Writing exercises Essay Example | Topics and Well Written Essays - 1250 words

Writing exercises - Essay Example is the gripping, intense, and engrossing analysis of diverse group of jurors who are uncomfortably assembled together to deliberate after hearing some facts from an apparently open-and-shut murder trial. They leave to a jury room for civic duty and pass a just verdict for indigent minority defendant whose life is at crossroad. The jury of the twelve angry men, delegated the power to take an uneducated, teenaged and tenement-dwelling boy to electric chair for murdering his dad with a switchblade knife, literally locked themselves in a small, enclosed rectangular room on a boiling hot summer day and made a unanimous decision. The compelling, provocative film reveals the deep-seated, perceptual biases and weaknesses, personal prejudices, indifference, anger, cultural differences, personalities, unreliable judgments, ignorance and fears of the twelve men, which threaten to skew their decision-making abilities hence causing them to ignore real issues of the case, and make unjust actions. The jury room was characterized with heated discussions, the frequent re-assessment and changing of opinions, the formation of alliances, votes and certainties, and the re-consideration of personal experiences, outbursts and insults. Nonetheless, one brave rebellious juror was not part of the plot to cause miscarriage of justice at the commencement of the deliberations due to his reasonable doubt. Determinedly and persuasively, he urged the other eleven men to slowly rethink and review the wobbly case (and eyewitness testimony) concerning the endangered defendant. He further chastises the system for granting the unfortunate offender an incompetent court-appointed defense lawyer who â€Å"felt bitter about being appointed† - a case with â€Å"no glory, no money or much chance of winning† - and who inefficiently cross-examined the witnesses. The claims of juror No.8 was an example of ethical virtue. This film clearly shows the eleven jurors did not ethically deliberate and they could not

Risk Assessment Essay Example | Topics and Well Written Essays - 750 words

Risk Assessment - Essay Example In the first given case study of Colleen M. who is fifteen year old girl and determined juvenile by the court. When a teen is considered as juvenile or delinquent, his/ her future is put on stake and society also does not accept them. Colleen M. is not any criminal or gang member neither she has crime history prior but her minor quarrel with her neighbor took an ugly turn. In an argument with her neighbor, she threw a bucket of pesticide on her which caused major injuries to her and she immediately died on the spot. Though the accident took place in the negligence of Colleen yet it is sufficient to devastating her future. On the contrary, in the case of Xander who is a seventeen year old African American male is a documented gang member. He was convicted as juvenile when he was thirteen for drug possession, purse snatching and breaking and entering. Till date he has faced three police custodies one of which is for possession of a concealed weapon, to which he has pled guilty. When bo th the case studies are compared, the first difference which is noticed is that Xander had a criminal background but Colleen hadn’t had such background. ... On the contrary, Xander is in contact with his mother and had cordial relations with her, though he does not have any contact with his father. In spite of having love and support of his mother, Xander is a documented member of a gang and have been involved in criminal offences since the age of 13 whereas there are no criminal charges against Colleen before this particular case. Along with this, comparison of these two individuals also indicates that both of them are not good at academics. In fact, Xander is a high school dropout whereas no information provided about Colleen. Therefore, there is room for information about Colleen’s academics background however her actions imply that she is not a regular student in school. Furthermore, their present case status demonstrate that they are involved in great risk as precious years of their young life are stuck into the police case which hinders their personality to grow. It is the time for them when they can polish their skills and become a responsible citizen as well as a family member but their unwarranted actions are slowly spoiling their life. The level of risk in their life is on high level. In the teen age they are accused of crimes like involuntary manslaughter and possession of weapons which is a clear indication of their troubled mental state. Colleen used to live with her aunt but many times she ran away from her home. Again, it shows that she is not happy with her and something immensely disturbing her. Court also doubts that she is a drug addict and but she refused this by saying that while traveling with three homeless men, they unknowingly stumbled upon a field of poppies and that before they knew it; the intoxicating aroma caused her