George

Both cases had resulted in the growing number of third parties which have a legal right to sue auditor for negligence. In other word, auditor's liability to third parties has Increased. The defendants had all relied on the accounts In taking and calculating the price of shares in the knitwear company. In the case of Thomas Ltd. , Ð ²?56,100; in the case of Goode, E,500; and, in the case of Gordon, El ,500. Thomas Limited purchased 16,000 ordinary shares in Kinkier in November 1973 which shares were formerly held by a Mr. Saurian, a director of Kinkier. That purchase was at E;10 per share.In addition Thomas purchased a fresh Issue of Kinkier shares, namely 15,000 at El ;50 per share. It Is pleaded for all three pursuers that in making these purchases they relied upon balance sheets and accounts prepared and audited by the defenders. Thomas, they also plead that they relied upon advice given by Mr. Mainframe at meetings held prior to the conclusion of the agreement to purchase the 31, 000 shares. It is said that the audited accounts prepared by the defenders for years prior to 1975 had been highly misleading and inaccurate. Mr. Mainframe, acted negligently and Incompetently In the preparation and auditing of Skinner's accounts.Instead of trading profitably the said Kinkier Knitwear Limited had in fact been trading at a loss both before and after the purchase of the said shares, figures which were of particular significance to Thomas were those of the trading profits and losses. This failure was, in my view, because of slack and careless auditing methods. The pursuers averred-?†The defenders completely failed to make any check on the said Kinkier Knitwear Limiter's system of tock control or the basis of valuation of the stock. As a result the stock figures provided In said accounts were seriously Inaccurate. â€Å"For some years the defenders had failed to carry out normal checks of credit and debit balances. The defenders had completely failed to make prov ision in said accounts for a doubtful debt reserve which they ought to have done. They failed to carry out the normal checks to establish that debts stated by the Company to be due were in fact due as any competent auditors would have done before certifying the said accounts. Competent auditors making the appropriate checks In carrying out an audit of the said Kinkier Knitwear Limited and preparing said accounts would have discovered these inaccuracies and noted them in said accounts.The figure could well have been much higher because a number of old debts found to be still on the books when the check was made in 1976 or 1977 did not carry the date when they were incurred. The figure of E,662 Is, therefore, a minimum. I have the Impression from the fact that Mr. Mainframe made no attempt to circularities any debtors for the 1973 audit or even to go ay be due more to good luck than to good Judgment on his part. I am therefore satisfied that the accounts to 31st March 1973 were neglig ently prepared by the defenders and negligently audited by Mr. Mainframe.When weighed against what was said by the pursuers' witnesses, and accepted by me, to be the methods of an auditor exercising reasonable care and skill his methods were sadly wanting. =>Len the end of the day these Justifications came down to this that the shareholders, to whom his firm owed certain duties as auditors, were all directors and in particular to the inconsideration that he was a close personal friend of Mr. Lennox whom he had known since childhood and not only trusted him but also trusted other staff of the company.I consider that it follows and that it should now be regarded as settled that if someone possessed of a special skill undertakes, quite irrespective of contract, to apply that skill for the assistance of another person who relies on such skill, a duty of care will arise. =>=>He knew that auditors' certificates, when they were â€Å"clean† certificates, were commonly relied on by s hareholders, potential investors, and potential lenders.In the whole circumstances I consider that Mr. Mainframe should have foreseen before he certified the 1973 accounts that these accounts might be relied on by a potential investor for the purpose of deciding whether or not to invest. To these, the latest audited accounts of the company would be of very great importance in influencing them whether or not to invest and at what price. L, therefore, consider that in respect of Thomas and Mr. Gordon, both being in the class of persons who were potential investors, Mr. Mainframe owed a prima facie duty of care in the auditing of the 1973 accounts.

How a Work Setting Can Encourage Children Essay

It is important for children to feel they can express their feelings and opinions, sometimes children need help in doing this. If they feel they can not express them they may become frustrated and show unwanted behaviour. This is why its important to listen to what the children want to do, the reason why they are showing unwanted behaviour and ideas is because these are all ways of helping children to develop confidence. All children will crave attention from an early age, as babies we coo , smile and cry to get attention. This is why its important to build positive relationships from an early age or as soon as possible the reason for this is children need support and attention from us, if the relationships are not good the children may feel they can not get positive attention easily so are more likely to show unwanted behaviour to get negative attention. Taking time to talk and have fun with children is therefore important. Boredom is often a key factor in unwanted behaviour. Children and young people will often find things to do that may not always be desirable to entertain themselves if nothing is in place to keep them busy or the activities that are in place are too easy or of no interest to the child. Planning experiences are linked to understanding children’s development and also to make it interesting and fun for them to give them a positive, confident outlook, which produces positive behaviour. Children and young people enjoy having fun and learning provided that the environment is a stimulating one. With this in mind we have to think about what type of equipment, resources and layout is on offer. Children may have the same toys at home so it is worth having a wide variety to choose from and rotate them to provide the children with a challenge.

This I believe essay Example | Topics and Well Written Essays - 2000 words

This I believe - Essay Example Back then, I was really big, not in terms of height but of width. I am really not so sure how I got that way and when people ask me, I just tell them in jest, that some people are born to be â€Å"more spectacular† than others. During that period, all my friends referred to me as â€Å"big†. Sometimes, to avoid hurting me, they will also add the phrase â€Å"laugh and grow fat†. This is the closest I can translate the term from Chinese, which actually means that fat people usually have a beautiful heart deep inside. But seriously, even if they tried to soften the blow, I felt they still poked at my weakest spot. So finally, I decided to do some change. I told myself when I looked into the mirror that I can no longer live like this. So, I secretly began a program for myself to slim down. It was probably the first semester of my junior high school when the semester began, that I launched my personal project. I decided to keep it to myself as I started my plan with the most simple and effective way which was dieting. I don’t know how I made up my mind but I was able to skip my breakfast and lunch everyday in the next year. However, the only thing I regret about skipping meals was disappoi nting my mother who lovingly prepared them for me. Every morning she woke up very early to prepare breakfast for me and my dad and carefully packed them into a meal box for us to take out. But when I opened the box smell the food, I either threw it directly to the trash or give it to my friend to eat. There were actually several times when I felt I wanted to quit, and that I cannot do it anymore. But every day when I looked into the mirror at my reflection and stepped on the weighing scale, I get motivated with the changes I see. This kept me on track. I told myself to keep trying†¦to keep walking while watching. Six months after my plan started, I found my face thinner and my belt looser and of course, the numbers on the scale

Consistent Application of IAS on European on Companies Essay

Consistent Application of IAS on European on Companies - Essay Example The Europe Union has been aiming to have an efficient capital market (Toporowski, 2000; Davis, 1997; Dermine and Hillion, 1999) for its Member States through an efficient and effective financial information system in a transparent European capital market even prior to the Enron scandal in 2002.   The subsequent US scandals in securities market may have triggered the early adoption of IAS in 2002 to require its application to all listed companies in Europe as of 2005. For EU, the issue of efficient capital market is of course broader than the issue of these international standards. Attainment of EU’s purpose therefore under this field is part of its desire for economic advantages (Carroll, Thomas, 1983; Slavin, 1996; Samuelson and Nordhaus, 1992)   of its   member states in the global economy as it hastens its economic integration (Graetz, et. al, 2006; Halkos and Salamouris, 2003, European Economic Integration, 1994). The Enron scandal cannot be separated from the failur e of the US generally accepted accounting principles (GAAP) on financial reporting (Choi and Fisch, 2003) that became the basis for the European Union (EU) members to be unable to find their trust on said accounting rules and conventions.   Persuading the US to change its GAAP with the IAS due to ineffectiveness of the former in the Enron scandal is part of the process. With European Commission having urged the SEC to adopt IAS in February 2002, an overwhelming adoption of the IAS by European Parliament in March 13, 2002 was evident by a vote of 492 for, 5 against and 29 abstentions. The European Parliament endorsed the Commission’s proposal for all EU listed companies to follow standards issued by the International Accounting Standards Board in their consolidated financial statements not latter than 2005.   Non-listed companies on the other hand were permitted to decide whether to adopt IAS. Member States were also given the option to exempt some companies temporarily fr om IAS requirement under some cases until 2007. The option is only available in the case listed companies in the EU and in on a non-EU exchange and are following another set of internationally accepted standards and in the case of   companies that have only publicly traded debt securities (Deloitte Touche Tohmatsu, 2008e).  

Netflix's Case Study Example | Topics and Well Written Essays - 1000 words

Netflix's - Case Study Example As mentioned above, Netflix can capitalize on the software features, provided by Amazon, by providing tailored services to its customers. However, due to its dependability on Amazon for delivering service features, it is considered that Netflix cannot make vital decisions independently. The software application used by Netflix has created certain values for the company in its domestic market i.e. the United States. However, it has created opportunities for its competitors such as such eBay and Intel to take complete advantage of this application. Netflix has a huge opportunity to expand the market share through effective financial operations, but its share price has been declining significantly. Netflix’s stock has been trading at a lower rate, but the company can increase its stock price value through productive measures. Customer value creation is a potential opportunity for Netflix to increase its market existence through Amazon Web Services, but this particular aspect has adversely affected its managerial functions, due to excessive usage of web servers. Netflix through its relationship with Amazon has increased opportunities to upgrade its cloud services, whereas the decision making process has been problematic to a certain extent. The overall size of its domestic market is relatively smaller due to increased competition, although it has created opportunities for Netflix to expand its subscriber’s base. The average rate of return on services and contents provided by the company is continuously declining. Nonetheless, Netflix has a huge opportunity to replicate its business model and enter in overseas market for greater effectively. Understanding market behavior is quite important for each and every company to sustain in the market for a long term. Thus, it is suggested that marketing managers of Netflix through performing a thorough market research might understand the market behavior as well as customers’

American experience in Vietnam Essay Example | Topics and Well Written Essays - 1250 words

American experience in Vietnam - Essay Example But as it is with politicians they give their citizens what they want to hear. This is what Kennedy was doing to convince his listeners and lure those who were not in his support. The vice president by then, though it took them long to notice and admit admitted that they had been ignorant of all that had happened in Vietnam. All those taking part in war had their own reasons for fighting, but did not include lands, resources nor dominations but freedom was the justice they were seeking in their quest neither did their want to lose their colonies in the southern east Asia. Greed and selfishness is a much greater drive for to those with interest to grab what they want. Being involved in a soviet union war meant that they were not in only in a battle of superiority, but were competing for ideas. Winthrop’s John myth citing the idea of a new America that was godlier would vanquish their numerically stronger enemies. They had dismissed the thought of having a stronger warrior squad that would outdo those of their enemies citing it as ancient. The Vietnam presidents by now relied more on virtue but not power in order to carry the day by winning the war. (Westheider 2008) 2 Industrialization got a boost from the farmers from the eighteenth century. This fueled the power of Americans in terms of their organization, and no other a power could outdo them. This proved that they were militarily invisible and after what took place in Hiroshima it was more evident that they were morally superior but the most powerful country in history. In their mind, they knew nobody could beat them in war even if nations joined to fight against them. This is where they went wrong and so writes Miller Arthur, that he believed in America and believed they had technology till the mid 1960’s when he thought they would never accept defeat as they had technologically advanced. The thought of American’s military being conquered in the battlefield with the advanced technology, grown industrialization and technology ability made them think they would never have been insufficient for war and its purposes. With the Soviet Union exploding a bomb as the Americans were not expectant off. Their aim was entirely to come up with means to fight as they avoided nuclear technology. Its premise was that soviets and their team were to indulge in small wars and without provoking or unlocking nuclear energy. In 1945 as they marked the end of the World War 2, Vietnam was left with vivid memories of subordination caused by Japanese and French authority replacing de facto. The moral lessons were western colonialism wasn’t omnipotent, and no name would replace imperialism as it was all the same from all round and equally dangerous.( Sevy 1989) American both political and leaders in businesses had an agreement that they needed to breathe both life and energy from the world system, and the only country 3that had the capacity to see them done was America. The key role w ould be played by political entrance to enact the law through the help of police men. There was a need for coordination of world affairs in the whole worlds system. Britain withdrew in the 19th century. This made Americans eager on taking on the lead as they believed they were able. Their main task was to restore expansiveness in their economy in their quest to increase their productivity as it was devastated by war. However, the imbalance within the system of the world was the major issue. Despite Americans capitalism being so strong, it didn’t quite matter as that of others countries was too weak. (Dougan,1988) But why all this, there were no raw materials in Vietnam to exploit neither were there strategic interests, it’

Ban on Tobacco and Governments Attempts to Regulate It Essay

Ban on Tobacco and Governments Attempts to Regulate It - Essay Example The white paper in 1998 promised new action to tackle tobacco to reduce 1, 06,000 deaths in UK due to smoking. The regulation targets the nine million adults in UK, who still smoke in 2002. Now it has been decreased, but still there is reasonable number of smokers in UK, which needs regulation. According to Statutory instrument 2006 No. 3368 UK regulations ensure smoke free premises and enforcement. According to the act, the smoking is banned in enclosed premises as the smoking in them may result in polluted environment. The responsibility of enforcement of the act lies with port health authority and unitary authority. As the authorities are entitled with the responsibility of ensuring smoke free enclosures or premises, they have to be prepared with the legal aspects that help in enforcement. The important aspect in regulating the smoking is to stop the production. As it does not happen with the above regulation, the government is trying to minimise the consumption and is trying to make the closed premises smoke and pollution free, so that the passive smokers as well as smokers can avoid some serious diseases. In addition to the above context, Government tried to regulate the tobacco by labelling of packaging, regulating the content in tobacco products, restricting the sal e of tobacco to young people of a certain age limit. However, the last aspect in the just mentioned topics cannot be implemented properly as the administration cannot contain the sale of tobacco products to children or young people of certain age. In case of second aspect mentioned above, the restrictions of sale of tobacco resulted in counterfeit sales of cigarettes and other tobacco products and it resulted in loss to exchequer despite sales going on. The labelling of packaging is not much effective as most of the smokers do not buy packets of cigarettes. Though it is effective in some classes of people, the labelling did not decrease smoking in lower economic class people who buy cigarettes not as a pack but single cigarettes. In addition to that the legislation made in 2002 regarding manufacture, presentation and sale of tobacco products resulted in hard hitting health warnings. The act prohibited the advertisements of cigarette and tobacco product manufacturing companies, which indicate that they are less injurious to health. The Government started to give picture warnings, which are understandable with least reading and concentration. The picture warnings started from 2008 on cigarette denoting that the people will die a slow death by smoking cigarettes, which indicates premature death. However, the premature death cannot restrain young or energetic smokers who do not care much about health and death as they are strong enough. However, the above signals can restrain middle aged and old aged smokers who face health problems due to smoking. Hence, the graphic picture warnings on cigarette packs regarding rotting teeth and lungs, throat cancer can create thinking in smokers about their health from 1st Octo ber. Out of millions of smokers, just 90,000 smokers called NHS smoking helpline to know about the health problems and ways and means to quit smoking. The statutory instruments did not turn out to be a full success as only small amount of the

Canada Employment Labor & Law Essay Example | Topics and Well Written Essays - 1250 words

Canada Employment Labor & Law - Essay Example Canadian labor laws require every employer to implement programs that are helpful to employees, the employer, the dependents of the employee and the community (the Canadian Charter for Occupational Health and Safety Act). This act obliges employers to provide a safe work place from sexual harassment and discrimination. On the employee and his dependents, occupational health programs should facilitate low personal health care costs, sustained earnings and increased productivity. It is the duty of the employer to offer safe work place from incidents such as discrimination and sexual harassment. The employer needs to probe incidents and take relevant actions to prevent similar event from happening in future. For instance, in this case, the employer should terminate work contract with Marcus Marques because his behaviors are dangerous and might lead to injury of other employees at the work place. The position of other nurses should not make the employer reinstate Marcus since they did not complain to the management. The situation would not be different if the Union was supporting Marcus reinstatement because his work relationship with nurses has proved futile. Marcus has violated the law by sexually harassing the two nurses at work. Even if the Union defended him, it would be hard for him to positively relate with fellow workers. The union needs to represent the interests of all employees including the two nurses; they should not be discriminated against. However, based on collective bargaining agreement between Marcus and Lester William hospital, his firing was not justified. Therefore, the union needs to step in and represent the grievances of the worker against the employer for failure to honor the collective bargaining agreement. Despite the fact that the two nurses are against Marcus reinstatement, it is the duty of the union not discriminate against him until the case is heard and

Teachers Essay Example | Topics and Well Written Essays - 250 words - 1

Teachers - Essay Example The main principles underlying cognitive theory makes the theory play a very significant role in the classroom experiences of teachers and learners. Apart from acting as a foundation of experience for organizing new information, cognitive theory also enhances the creation of a social environment for acquisition of new knowledge (Cantillon & Wood, 2011). The executive control also plays a very significant role in the learning environment. It enables a teacher to learn the behavior of learner so as to interact easily and freely with that learner. In connection with this, the information processing concept of executive control enables the teacher to support executive thinking skills of the learner through coming up with effective classroom organization as well as interactions. Additionally, executive control enables the teacher to identify the learning disabilities of a learner in time so as to come up with ways to control the learner’s learning attitude (Cox,

My role as an Officer Essay Example | Topics and Well Written Essays - 500 words

My role as an Officer - Essay Example I also have been trained to specialize in operating maritime vehicles; this is not something that every Warrant Officer will be responsible for, however each will specialize in some field such as with aircraft, special units and equipment, organized tasks and other events. I have been trained to specialize in maritime vehicles because so many other roles within the Army are not so focused; Army personnel are generally trained in a little of every aspect of the entire organization and it is my job and the job of other Warrant Officers to take the lead on tasks that require a deeper knowledge base. Another important part of my job is to function as a teacher for other Army personnel. I possess the skills to train a variety of personnel in general studies as well as to help recruits who have been chosen to specialize get their studies underway. It is up to me to share my own knowledge of how the Army is organized and how each person fulfills a role within that framework so that every new recruit understands their function and what they are responsible for within the larger unit. As a Junior Warrant Officer, I was involved more in the day-to-day tasks of my unit; dealing with machinery and exercises.

Fiscal Policy Essay Example for Free

Fiscal Policy Essay The United States’ economy has gone through many different stages from deficits and surpluses to a large debt. These can affect people in many ways. This paper will cover the United States’ deficit, surplus, and debt and how it affects taxpayers, future Social Security and Medicare users, unemployed individuals, University of Phoenix students, the United States’ financial reputation on an international level, a domestic automotive manufacturing exporter, an Italian clothing company importer, and the Gross Domestic Product (GDP). Tax Payers The United States’ deficit, surplus, and debt effect taxpayers greatly. The deficit affects taxpayers because when the country is running a deficit, it means that the supply of money is low. The taxpayers are then called upon to lessen the low supply of money that the government uses to run. A surplus affects taxpayers because even though the country may be running a surplus and taxes decrease, they are still there. The citizens of the country will still be required to pay taxes even if there is a surplus. The country’s debt affects taxpayers the most because it is the tax revenue that is used to pay off the debt that the country has gotten itself into. Future Social Security and Medicare Users The future Social Security and Medicare users will be impacted by the United States’ deficit, surplus, and debt. The United States’ surplus can be beneficial for the future of Social Security and Medicare because it provides additional funds into the funds that are already available. However, this is not the same with the deficit and the debt. As the deficit and the debt increases, more funds are borrowed from these trust funds, which are eliminating any surplus. Before long, funds for Social Security and Medicare will be exhausted, and the programs will no longer be able provide help to the disabled and elderly. Unemployed Individuals The United States deficit, surplus, and debt do have effects on the unemployed. During a deficit, the employees can find themselves unemployed and trying to find another job but with the government budget having to make cuts the unemployed employees are having issues with finding new jobs. Even the surplus budget can cause changes with the workforce. The problem is that with the government having a surplus of resources, it can cause the employee to overspend and things can change very quickly to where the government is back to a deficit, which in return causes employees to lose their jobs. University of Phoenix Student The United States deficit, surplus, and debt have an impact on the University of Phoenix students as well. Many of the students at the University of Phoenix depend on financial aid from the government to help pay for their schooling expenses. When the budget is lowered some of the students that attend the University of Phoenix will not be able to pay for classes on their own and will be forced to drop out of school. On the other hand if the United States had a surplus the government would be able to raise the budget for education and put more money towards schooling. The United States Financial Reputation on an International Level The United States financial reputation on an international level is becoming an issue that has been debated repeatedly; it sometimes becomes a fundamental and comprehensive issue that hinders the acknowledged strength of the U.S. as a â€Å"power-house† on an international level. The United States financial reputation on an international level is giv en its proper respect, the major problem that is seen in the stock market and the Nasdex are the budget deficit and the U.S. debt, which limits the resources to spend on production and investments. A domestic automotive manufacturing (exporter) The United States national debt could also affect exporters. When the United States deficit is high and the government owes money, interest rates are raised. The increased interest rates have an effect on domestic automotive manufacturing companies. Domestic automotive manufacturing companies would have to let go some of their employees or outsource to another country that has a competitive lead in labor and production costs, due to the company’s loss of income. However, when the government is operating under a surplus interest rates are lowered. Making it affordable for domestic automotive manufacturing companies to produce more and grow their company, which supports spending increasing the number of jobs and the export of goods. Italian Clothing Company The deficit, surplus, and debt of the United States affects an Italian Clothing Company because; when it comes down to the United States deficit, it would cause the market to be over-run by foreign products. The rate in which a country is exporting is not at the level with it’s’ exports, a surplus would lead to more importation by the Italian Clothing Company and debt, it would cause the imports to be reduced (because many business partner would be hesitant to do business with the importer. Gross Domestic Product (GDP) The Gross Domestic Product (GDP) is a better way for the government to measure how the nation handles deficit. It also provides input on the nation’s capability of paying off debt. The GDP helps determine what size deficit and how much debt the nation can manage. If there is a surplus within the funds of the GDP it is removed from the national debt. If there is a deficit, it is added to the national debt. The debt can be reduced through inflation and real growth as the GDP grows. This can still leave large nominal budget deficits with small real deficits. With real growth, the nation can handle more debt so more debt can be incurred. This occurs when the nation becomes financially enriched. The economy of the country has a great effect on many aspects of the lives of its citizens. The U.S.’s deficit, surplus and debt greatly impact each aspect of our everyday lives. It’s something that we have to deal with together as a whole because everyone deals with the effec ts of it.

The Concept Of The Imperial Presidency

The Concept Of The Imperial Presidency It was historian Arthur M. Schlesinger who popularised the term imperial presidency to describe the evolution of the modern day president. Schlesinger contended that expansion and abuses of the presidential office were so profound by 1972, they had thwarted the traditional checks and balances of the constitutional system. He concluded the imperial presidency emerged due to the aggregation of presidential war powers that were primarily acquired in response to Americas participation in twentieth century wars. Schlesinger connected the presidencys usurpation of foreign policy to the accumulation of domestic powers, stressing that the war powers and executive secrecy were two significant devices which gave rise to the misuse of power by presidents.  [4]  He also reflected a growing belief that the evolution of the presidency had permanently transformed the balance of power; resulting in an extremely powerful president and a resident Congress in the decision-making arena.  [5]   Until recently, many commentators widely regarded that the Nixon administration represented the true singular embodiment of the imperial presidency.  [6]  More than three decades later, the notions of the imperial presidency has once again resurfaced. Many scholars, including Schlesinger himself, observe that the imperial presidency has been revived under the Bush administration,  [7]  and given further vigour under the leadership of President Obama.  [8]  But how authentic is this approach in understanding presidential power in decision-making today? How much utility is there in Schlesingers concept of an imperial presidency? Is it the case as Schlesinger suggests, the modern day president is out of control, operating beyond the constitutional parameters and in clear defiance of the doctrine of separation of powers. THE IMPERIAL PRESIDENCY REBORN The starting point of this paper is recognition of Schlesingers imperial presidency, and that it was restored to former prominence under the presidency of George W. Bush. However, this paper makes a distinction between the usurpation of power and the abuse of power.  [9]  Unlike presidents who temporarily assumed power in times of war, we argue like Nixon, Bush abused power by claiming a near absolution of power to be the enduring prerogative of the presidency.  [10]  Presidents such as Lincoln, FDR, and Truman, it is argued, momentarily usurped power anticipating Congress would hold them to account after the wartime emergency ended.  [11]  It is in this distinction that we argue makes the presidency of George W. Bush an imperial presidency. By actively trying to keep a monopoly of constitutional power, it continuously relied on powers beyond those vested in the executive by the Constitution, and often unilaterally of Congress. THE NEW IMPERIAL PRESIDENCY The imperial presidency of George W. Bush was constructed and enforced by Vice-President Cheney and his chief legal advisor Addington, given legal veneer by Deputy Assistant Attorney General Yoo, endorsed by White House Counsel and later Attorney General Gonzales.  [12]   This paper also makes a distinction between the imperial presidency under Nixon and the imperial presidency under Bush. A drawback of Schlesingers approach is that his theory emphasises the abuse of power by the individual in the office, the president. Qualifying his theory, we argue that it was not an imperial presidency but an imperial vice-presidency. There is insurmountable amount of evidence suggesting Vice-President Dick Cheney was the chief architect  [13]  behind the concept of broad-based, unreviewable, and secret presidential powers  [14]  that gave further projection to the unitary executive legal theories.  [15]  These legal theories, advocated by Cheney,  [16]  were depended upon frequently and in various contexts by the Bush administration to justify their assault on individual liberties and other intrusions of the American constitution.  [17]   However, it is clear from the opening sentence of Article II, the Constitution vests the entire executive power in the president and not the vice-president;  [18]  a point illustrated by President Trumans Oval Office desk plate, which read, the buck stops here.  [19]  Reflecting this point, Clinton Rossiter described the presidency as a one man jobwhocan never escape making the final decisions in which the public and Constitution hold him responsible.  [20]  To make sense of Bushs presidency, this paper argues that the Bush administration was a victim of what Janis termed Groupthink.  [21]  Applying Janiss hypothesis, an example of the influence of groupthink can be found in the Bush administrations decision to pursue an invasion of Iraq.  [22]  According to former Pentagon analyst Karen Kwiatwoski, there was a groupthink style of environment throughout the executive hierarchy, which blindly sought for the agreement to invade Bagdad.  [23]  Theses neoconservat ive executives formed a royal court around Bush, and by controlling the type and supply of information they were able to shape and influence his knowledge, to such an extent, it could be argued they were making presidential decisions on behalf of the president. Bush was simply a string-puppet, who was directed ironically by the men whom he led. For example, in a press conference in 2002, President Bush was asked what he was doing to capture Osama Bin Laden, an individual in his conviction to be the Americas most notorious enemy. Bush responded, You know, I just dont spend much time on him.  [24]  This perhaps explains why President Bush and Congress rushed into war before a broad-based coalition of allies could be formed. In this sense, Congress and the American public also became victims of groupthink, as they too were persuaded by highly misleading information. Therefore, it was not just an imperial vice-presidency but an imperial executive presidency, where power was being ab used by a number of executive individuals.  [25]   REINING IN THE EXECUTIVE Schlesingers approach in understanding the charges of a too powerful president is useful. Although, its utility of the great man perspective is restrictive and misleading at the same time when trying to understand the true nature and power of the presidency in the decision-making process. Despite operating under similar conditions, it is arguable that the current Obama administration no longer enjoys the vast amount of executive power, which was expanded and abused under the Bush administration. A similar argument can be drawn when analyzing Bushs two-term presidency. As the presidency entered into its final bout, with the political, media and public attention transferring to the presidential candidates, the Bush presidency became somewhat lame duck,  [26]  whose authority and influence had been curtailed extensively. Therefore, a distinction can be made between Bushs first and second term. It is evident that in his first term, the Bush administration acquired a vast amount of executive authority, which allowed them to dictate American foreign policy. However, this is not a new phenomenon. Wildavskys Two Presidency theory suggests that the president wears two hats, enjoying more freedom in foreign affairs.  [27]  Qualifying his theory, we argue that the Bush administrations ability to act unilaterally in this domain had a spill-over effect, which soon began to pervade and embolden the domestic presidency as well. This gave rise to Schlesingers revolutionary presidenc y;  [28]  the Bush administration was able to change the dynamics of American democracy by creating a plebiscitary presidency  [29]  where they were only accountable during elections (ironically strengthening his presidency as he was re-elected). Moreover, by overriding the constitutional provisions of checks and balances the Bush administration became the dominate branch in the decision-making process of the American political system. However, it is arguable that towards the end of his second term the Bush administration was far more restricted and constrained, especially in relation to its domestic policy ambitions with a more assertive Congress playing a more dominant role in the decision-making process.  [30]  Even though the presidency continuously and arrogantly acted unilaterally from Congress, its scope to do so especially in the domestic arena had been heavily curtailed. We contend that the expansion of the presidency to a certain degree has been reined-in, going some way to restoring the balance of power between the president and Congress. ALTERNATIVE APPROACHES AND THE CONCEPT OF PRESIDENTIAL POWER The utility of the historical and legal approach helps us make sense of the current change in dynamics of the presidency and sheds light on how the Bush administration was able to act unilaterally in the decision-making process. This approach suggests that the aggregation of presidential power has not occurred continuously, and neither is the modern day presidency a source of permanent power that has nullified the Constitution as suggested by Schlesinger. This is because presidential power is not an attribute but a relation. The constitutional and historical legitimacy of the presidency may put any president in a privileged position in the decision-making process, but the magnitude of his power is variable as much of it exists in relation to his influence over other individuals and institutions. Therefore, we contend that presidential power at the federal level ebbs and flows: varying from one domain of political activity to another; from one circumstance to another; from one preside ncy to another; evolving gradually at times and fluctuating abruptly at other times. A prominent reason for this is because of the deliberate efforts by the Founding Fathers to stagger the constitutional powers, installed conflict into the heart of the American polity.  [31]  The vague wording of the Constitution instigates a natural invitation for struggle between the executive and legislature,  [32]  in which both institutions push the boundaries to maximize their political power. Consequently, a tug of war for influence develops between the presidency and Congress for control of the political agenda, which is more prevalent when Congress is divided, or in times of uncertainty. The historical approach does seem to suggest that a pattern exists: repeated assumptions of power in the decision-making process are followed each time by a chorus of criticism, which in return is followed by stricter congressional oversight towards presidency.  [33]  Similarly, scholarly judgments tend to reflect this cycle, although it is arguable, that these observations are somewhat exaggerated and do only reflect that period of time. For example the notions of an imperial presidency were embedded due to the fierce opposition of the Nixon presidency. Likewise, the reflections of an imperiled presidency post-Watergate were an overstated reaction to the perceived limited presidential activity in the decision-making process by Carter and Ford.  [34]  However, it is plausible based on the history of the American polity that the option is either executive supremacy or congressional supremacy. On the other hand, the concept of power suggests this does not necessarily mean that it has to be one or the other. As aforementioned above, power only exists in relation to influence, but influence is not a game of fixed sums, where one gains the other looses in the decision-making process. Similarly, the influence of both institutions is in a constant flux, forever changing in different circumstances. Therefore, it is pointless to make judgments which institution has more power at any given moment as evidence is murky. AGENDA-STRUCTURING POWERS According to C. Wright Mills, a president has more scope of influence in relation to Congress in resolving issues then introducing new issues on the political agenda. Other commentators like James Bryce make a similar distinction by arguing: In quiet times the power of the president is not great; yet in troublesome times it is otherwise, for immense responsibility is thrown on one who is both commander-in-chief and head of the civil executive.  [35]   An explanation for these phenomena can be found in the executives function to respond to unforeseen circumstances more responsively than the deliberative decision-making body of Congress. Thomas E. Cornin contends, when such events occur, the presidency is in the driving seat, especially in relation to foreign affairs. The presidency enjoys the prerogative in determining what constitutes a crisis,  [36]  and can exploit its privileged position to structure new developments to their accord. This is not to say Congress lacks the constitutional authority to intervene, rather, it often lacks the will or courage to do so.  [37]  This is because whenever a president waves the crisis flag or takes a foreign-policy initiative, in most circumstances, he is likely to have the country behind him, including influential business leaders, the media and the majority of the public.  [38]   This explains how the Bush administration was able to implement their visions of an imperial presidency. The unprecedented events of 9/11 infused Wildavskys two presidencies into one, presenting the Bush administration a blank canvas whereby they were able to structure the emergency response. More importantly, 9/11 strategically placed them at the forefront of the decision-making process in both domains. However, it is plausible the reason why Congress rubber stamped Bushs 9/11 policies, is because at the time Congress too favored a strong political response and held the commander-in-chief responsible to deliver such a response. In this sense, according to sociological approach of Mills,  [39]  the Bush administration was not exerting presidential power, but was simply reflecting the will of Congress and the American public. Bush was merely a surf-rider on the waves of international developments. Like Kennedy in the Cuban missile crisis,  [40]  the Bush administration knew it was important to act on their wishes and was conscious that an unpopular response to 9/11 would result in a backlash politically. Therefore, this approach suggests, due to the natures of emergencies, no matter who happens to be president, every incumbent is compelled to follow a course of action that most Americans and congressmen approve, purely for political opportunism and political survival. In this sense, the presidency shapes the president. On the other hand, the utility of Barbers psychological approach suggests presidents also shape presidencies.  [41]  Although presidential decisions are determined by political and other constraints largely beyond their control, the personality of the incumbent is significant in helping shape presidential decisions. Presidential decisions may be influenced by the climate of expectation and power situation,  [42]  but because they enjoy the best bully pulpit, presidents actively try to influence the public and educate them through various means into going along with what they want.  [43]  In the case of the Bush Presidency, the administration successfully manipulated both the public and Congress about the severity of threat Iraq imposed. A fundamental reason why Congress was easily tricked into war was because Congress relied heavily upon the information provided by the White House to inform them about the debate. In the domestic domain, Congress is more of an expert and c an rely upon various avenues of information to gain a better understanding. However, in foreign affairs information is more restricted and it is usually the case Congress goes along with the expertise of the executive. As the American media often failed to report accurately on the Middle East wars, focusing on rallying behind the troops, the Bush administration was in the privileged position of educating the public and Congress about Americas successful campaign against the war on terrorism. As there was no official oppositional leader to challenge Bush, his presidency was able to shape American foreign policy unilaterally, thus allowing President Bush to become an imperial president whose actions were undisputed by Congress. It was only until casualties started mounting up, that the public support started wavering. In the absence of public consensus, Congress became more assertive in relation to Bushs policies, as it became concerned about its lack of involvement in the strategy of the wars that was draining America out of its men and resources. However, by then it was all too late. For the sake of national prestige Congress was committed (as usual) to keep funding the wars which had allowed the presidency to run riot. The irony here is, although, the wars liberated the presidency from the constraints of the domestic environment, it projected the presidency into a more complex and volatile environment with multiply constraints. Once Bush committed the troops, he found it extremely difficult to pull the troops out. This meant they became part of the environmental parameters within which the Obama administration had to operate in. Again, the irony here is, rather than embolden the domestic presidency it has reversed the process and added more constraints on the Obama presidency. CONCLUSION Does the United States still have an imperial presidency? The difficulty in the answer lies with the concept. The imperial presidency still means many things to many people. The answer is further complicated as it is hard to distinguish between a strong presidency and imperial presidency. Schlesingers concept implies that the imperial presidency exists because of the presidents prerogative in foreign policy which he abuses to extend his other powers. The problem here is, because the Supreme Court rarely passes judgments in relation to presidential abuses in this domain,  [44]  we are left with political judgments from politicians and scholars that are conflicting, as there is more than one criteria to judge presidential power. It is like Michael Novak observed, the right worries about the imperial president at home; the left about the imperial president abroad.  [45]  This is evident for the Obama presidency. As he has implemented an extraordinary amount of legislation and co ntinued executive secrecy, some commentators contend that he has extended Bushs legacy.  [46]  They see his ambitious economic and social policies as unconstitutional. As aforementioned above, the modern day president is compelled for the sake of American prosperity to pursue certain kinds of economic and social policies. Just because the Obama presidency has been successful, it does not mean other actors have not have not influenced the final decision. In most of the legislation passed, Obama has had to compromise, even his national health care programme. We conclude that the seeds of an imperial presidency have always existed. However, for it to flourish there has to be a combination of men and events.  [47]  If the individual in the office does not have a sense for power and relies on the formal powers of the office then it is likely the system of checks and balances will hold firm. Similarly, extraordinary events can curtail presidential power. America recently had the diplomatic version of 9/11 with confidential cables being exposed, withdrawing even more influence from the president in decision-making power.  [48]  

Theories of Interpersonal Perception and Self Presentation

Theories of Interpersonal Perception and Self Presentation Christian S. Bautista Social Psychology Interpersonal Relationship Solomon Asch (1946) found out that when information is given about another person, some parts of that information are given more importance than others. He called this central trait, which he said we are using to make decisions about the personality of the other person. In his warm-cold study, Asch felt that traits like warm and cold when put in conjunction with traits like practical or determined produced a completely different overall impressions. However, S. Nauts et al argued that Asch’s data (1946), do not provide clear evidence for a primacy of warmth effect; the open-ended responses that were important to Asch’s theorizing were not systematically analysed; the trait-pair choice measure seems unfit to test primacy of warmth; and the results of the ranking measure suggest that warmth was not central in determining participant’s impression. Stereotyping is an assumption we make about other people that maybe unconscious, but that influence our perception of others. Stereotypes can be split into two basic forms; individual and group stereotypes. However, negative stereotypes can lead to group polarization and prejudice, Rosenthal and Jacobson (1968) (cited in Payne, S. and Walker, J., 1996, p 191) classroom experiment illustrated this. Rosenthal and Jacobson’s study became popular as it seemed to provide a powerful explanation for the low achievement of the so-called disadvantaged students. However, it was also criticized by educational psychologists on conceptual, methodological and statistical grounds. There were numerous attempts to replicate the study, consistently, only about one third of the studies attempting to demonstrate a self-fulfilling prophecy succeeded, and critics said that the phenomenon did not exist because the support was unreliable. TAQ 2 (752 words) Attribution theory deals with how the social perceiver uses information to arrive at causal explanations for events. It examines what information is gathered and how it is combined to form a causal judgement (Fiske, Taylor, 1991). The aim of attribution is to understand how people interpret the words and actions of others and their own behaviour. An experiment by Thibaut and Riecken in 1955 shows how the subject perceives between someone who is on a higher status and of a lower status. In the procedure, the subject interacted with two other persons; one is of higher status than the subject and the other of a lower status. Both the person complied with the request of the subject, but when the subject was asked why each one had complied, the result was higher status compliance was put down as internal reason and external reason for the lowest status persons compliance. Furthermore, his evaluation from before to after the compliance was favoured to the highest status person. This study shows both antecedent and consequences of attributions for behaviour. In this study they adopted the ideas from Heider (1944) and Michotte (1963). It was assumed that the subject makes distinction and decides between internal and external cause for the other persons compliance on the basis of their perceived power. In attributing compliance to internal causes, positive attitudes are credited by the subject to the person. Attributing these qualities to a person has the consequence that the subject tends to like the person. In this experiment, essential element of attribution research is present. The research has hypotheses about the antecedents of causal attribution and the consequences of the subject making particular attributions (Kelley, H. and L. Michela, J.). We tend to perceive that the observed behaviour is due to the qualities of the person, dispositional attribution, rather than due to external force, situational attribution. The passenger who complains about the bus schedule is likely to be regarded as disagreeable rather than in a hurry. A respectful greeting to your manager may be offered because you like her or it may be only because of the superordinate-subordinate situation which exists between you. Heider (1958), who developed the model called the Naà ¯ve Analysis of behaviour noted that people generally tend to perceive that human behaviour is somehow caused, as it can be used by us in predicting the likelihood of this happening again, rather than being due to chance. We can make two attributions; internal attribution, we attribute the behaviour of the person in their personality, character or attitude; and external attribution, the inference that the person is behaving in a certain way because of the situation he or she may be in. Heider also noted that a person’s behaviour particularly the first impression behaviour is so compelling that observers take it at face value and forget to take sufficient account of possible situational causes. When we make attribution, we must analyse the situation by going beyond the information given about the disposition of others and yourself as well as the environment and how it may be causing the person to behave in such a manner. However, order and predictability are the consequences in making inferences and inferences lead to behaviour. Once someone is given an initial label based on his observed behaviour, the label sticks and becomes self-validating as that person will continue to behave in the way now expected of him. Another attribution theory is Kelly’s covariation model: he developed a logical model for judging whether a particular action should be attributed to the person or stimulus. There are three types of causal information which influence our judgements; consistency, consensus and distinctiveness. Consistency is when cause and effect regularly occur together; for example you may notice that you felt irritable in the morning after a late night out with little sleep, in fact irritability might occur every time you have a very late night. Others also reported the late-night irritability syndrome, this means you are not unique then the consensus is high. Distinctiveness is whether or not a particular behaviour occurred in the same way in the similar situation. According to Kruglanski (1977), people do not just naively come across situation but bring to each social situation a wide range of experiences and prior knowledge. This theory lacks of distinction between intentional and uninten tional behaviour; intentional behaviour occurs when there is a desire for an outcome. Covariance treats explanation as a cognitive activity, no accounting for the social functions of explanations such as clarifying something for another person (Malle, B.F., 2003). TAQ 3 (165 words) TAQ 4 (190 words) Self-presentational behaviour is any behaviour intended to create, modify, or maintain an impression of ourselves in the minds of others. Whenever we attempt to lead people to think of us in a particular way, we are engaging in self-presentation. Self-presentation is very important aspect of our lives. How do we make others to believe that we possess various characteristic plays a huge role on our outcome in life. Self-presentation is a pervasive feature of our social life. However, self-presentational concerns also lead people to engage in behaviours that enhance their appearance but simultaneously jeopardize their own physical well-being and it even underlies self-destructive behaviour. Self-monitoring allows human to measure their behavioural outcomes against a set of standards. Small children typically do not have the ability to self-monitor, it develops overtime. The ability to both understand and internalize other’s behavioural expectations is a developmental social milestone that will occur in middle childhood. Both self-presentation and self-monitoring shaped me to the person I am today. I was able to convince people; my wife; my friends; and my colleagues that I am worthy of their love, their friendship, their trust and their respect. TAQ 5 (156 words) There are many factors involved, such as proximity, similarity, and physical attractiveness in the formation of relationships. It was found out that the friendliest person were those who live near on another. â€Å"Those who play together stay together†, in other words those who share similar interest in leisure activities form relationship. People of the same race, gender, age, and social background are likely to form a relationship. Person who are either similar â€Å"birds of the same feather flocks together† or that â€Å"opposites attract† forms a relationship. Physical attractiveness is also an important factor in formation of relationship, when we first meet someone their physical appearance is the first thing that will strike us before anything else. Jade’s date didn’t work out for her because as I have said above, her date didn’t have any of the factors. He faked his photo, his description and his job so Jade and his date had nothing in common basically. TAQ 6 (235 words) The main assumption of the social exchange theory (SET) is that individuals try to maximise their rewards; affection and attention and reduce their costs; time and effort. SET helps us understand the cost and rewards of relationships and it helps us predict how to keep and sustain relationships. However, it also has some weaknesses, SET neglects culture context. SET is based on a reward concept but not all cultures seek for a reward in a relationship. SET makes people seems individualistic and a reward seeking. Equity theory extends the SET, it takes into account that rewards need to be proportionate, this is based in the assumption that people expect that a relationship to be fair. People will feel satisfied if what they put into the relationship is comparable with what they get out of it. Aspects of equity theory were unable to predict whether a relationship will be maintained or break down. According to Balance theory we tend to be friends or to choose friends those people who help us maintain our balance view of the world. One simple advantage is that it recognizes that people sometimes notice inconsistent cognitions and that this inconsistency can lead to attitude change. It predicts how people will react to imbalanced and balanced situations. However, one consistent problem is that the predictions don’t work very well. Balance theory does not make any prediction about how imbalanced will be resolved. TAQ 7 (110 words) Mechanical failure is when two suitable people of goodwill and good nature grow apart, where communication may be poor or interactions go badly is the most common cause of relationship breakdown. Long term relationships often fail due to lack of common activities, as well as individual hobbies, interest and friends. If both partners do not grow equally one partner might feel that they are carrying the load. In Scenario 2 the youngest child is now completing his GCSE, couples shares responsibility in rearing their children and this is their common interest. Since their younger son is becoming less of their common interest, it can become a cause of the problem. TAQ 8 (219 words) Stages of Dissolution (Ducks Phase Model) Stage I The Intrapsychic phase Thinking about relationship in private, beginning to consider there is a problem in the relationship. Stage II The Dyadic phase The dissatisfaction is discussed. This is when the troubled partner confronts the other and tries to correct these problems. Stage III The Social phase At this point the decision is made by one or both partners to leave the relationship. The breakdown is made public. Stage IV The Grave Dressing phase A post-relationship view of the breakup is established; both of the partners go through self-justification; protecting self-esteem and rebuilding life towards new relationships. In 2006 Duck and Rollie added a fifth stage, Resurrection phase, when individual evaluate the relationship and attempting to re-instigate the relationship again. One of the strength of this model is that it gives some insight into possible techniques that can be used so that the relationship can be repaired. It also has face validity as it is an account of relationship breakdown that we can relate to our own and others experiences Brehm and Kassin (1996) sees the limitation of this study in that the women are more likely to stress unhappiness and incompatibility as reasons for breakup while men blame lack of sex suggesting gender differences that the model does not consider. TAQ 9 (93 words) Love relationships are one of the greatest sources of happiness and meaning for every human being. Even the strongest relationships get off track sometimes because of the stresses of daily living, and mismatch expectations. The HEAL (Hear-Empathize-Act-Love) technique to repair damaged relationships by replacing defensive self-protection with compassionate presence and loving connection (Greenberg, M., 2013). Hear – to listen to your partner, stay present and be there. Empathize – allow your partner’s experience deeply affect you, share the feelings. Act address the concerns and show willingness to change. Love – feel and express unconditional love. References Asch, (1946) as cited in https://books.google.co.uk/books?id=U7oeILtwkxoCprintsec=frontcoversource=gbs_ge_summary_rcad=0#v=onepageqf=false  Date last accessed: 22 January 2015 Brehm and Kassin (1996) as cited in DLcentre workbook Module 6 Social Interaction Level 3. Cowan Curtis, 1994 as cited in http://www.understandingprejudice.org/apa/english/page9.htm  Date last accessed: 26 Feb 2015 Cozzarelli, Wilkinson, Tagler, 2001 as cited in http://www.understandingprejudice.org/apa/english/page9.htm  Date last accessed: 26 Feb 2015 Eysenc, M. (2002). Simply Psychology. [Online]. 2nd Edition.  East Sussex: Psychology Press. Accessed 22 January 2015.  Available at:  https://books.google.co.uk/books?id=U7oeILtwkxoCprintsec=frontcoversource=gbs_ge_summary_rcad=0#v=onepageqf=false Greenberg, M., 2013. Four Steps to Relationship Repair With The H-E-A-L Technique. [online].  Available at: https://www.psychologytoday.com/blog/the-mindful-self-express/201304/four-steps-relationship-repair-the-h-e-l-technique  Accessed: 12 February 2015 Heider (1944) as cited in http://www.communicationcache.com/uploads/1/0/8/8/10887248/attribution_theory_and_research.pdf   Kelley, H. and L. Michela, J. Attribution Theory and Research. [online].  Available at: http://www.communicationcache.com/uploads/1/0/8/8/10887248/attribution_theory_and_research.pdf  Accessed: 19 March 2015 Kruglanski, 1977 as cited in DLCentre Ltd., 2009/11 Module 6. Social Interaction level 3 Lerner, 1980; Montada Lerner, 1998 as cited in http://www.understandingprejudice.org/apa/english/page9.htm  Date last accessed: 26 Feb 2015 Malle, B.F., 2003. Attributions as Behavior Explanations: Toward a New Theory. [Online]. Available at: http://cogprints.org/3314/1/Explanation_theory_03.pdf  Accessed: 09 February 2015 Michotte(1963) as cited in http://www.communicationcache.com/uploads/1/0/8/8/10887248/attribution_theory_and_research.pdf Payne, S and Walker, J. (1996). Psychology for Nurses and the Caring Profession. Philadelphia: Open University Press. Rosenberg et al, (1968) as cited in https://books.google.co.uk/books?id=U7oeILtwkxoCprintsec=frontcoversource=gbs_ge_summary_rcad=0#v=onepageqf=false  Date last accessed: 22 January 2015 Rosenthal and Jacobson (1968) as cited in Payne, S and Walker, J. (1996). Psychology for Nurses and the Caring Profession. S. Nauts et al. Forming Impressions of Personality. [online].  Available at: http://selfregulationlab.nl/wp-content/uploads/2014/06/Nauts-et-al-2014-Asch.pdf  Accessed: 25 February 2015   Tagler, 2001; Schuller, Smith, Olson, 1994 as cited in http://www.understandingprejudice.org/apa/english/page9.htm  Date last accessed: 26 Feb 2015 Thibaut Riecken (1955) as cited in http://www.communicationcache.com/uploads/1/0/8/8/10887248/attribution_theory_and_research.pdf

scarlet letter, ethan frome, lesson before dying :: essays research papers

Dignity and Respect Many people try to escape the prison that suppresses them, but fail to because of their moral obligations to themselves and others. Edith Wharton’s Ethan Frome, Ernest J. Gaines’ A Lesson Before Dying and Nathaniel Hawthorne’s Scarlet Letter, portray the struggles one acquires through their own conduct. Ethan in Ethan Frome, Grant in A Lesson Before Dying and Hester in Scarlet Letter each try to elude their life dilemma’s, but are hindered due to their obligations. Ethan is obligated to his wife though he loves Mattie, while Grant is obligated to his society, but wants to leave. Hester accepts her punishment but wants to be within society though they shunned her. Wharton, Gaines and Hawthorne all use various language devices to accentuate the gain of dignity and respect through moral struggle. In Ethan Frome, Wharton uses symbols and archetypes to create Ethan’s anguish to his moral obligation to his wife Zeena which keeps him from his true love, Mattie. His moral prison is established with the headstone of another Ethan Frome and his wife that bores that they â€Å"dwelled together in peace for fifty years,† which interests Ethan (Frome 66). Later on, his own neighbors â€Å"don’t see there’s much difference between the Fromes up at the farm and the Fromes down in the graveyard† (Frome 140). The symbol of â€Å"the Fromes down in the graveyard† establishes Ethan’s similarities to the dead illustrating his moral obligation to Zeena for eternity (Frome 140). When Ethan feels Zeena’s presence, coincidently Zeena’s grey cat â€Å"[elongates] its body in the direction of the milk-jug, which stood between Ethan and Mattie† (Frome 69).The cat then tries an unobserved retreat and â€Å"[backs] into the red pic kle-dish, which [falls] on the floor with a crash† (Frome 69). The color archetypes of ‘red’ establish Ethan and Mattie’s love while the ‘grey’ cat establishes Zeena who breaks their love, the dish. Ethan is always besieged by Zeena even when lacking her presence. He wants to stay with Mattie yet his obligation to his wife thwarts him from her. When Ethan and Mattie finally reach the point by his mill â€Å"they descended [and] the darkness descended with them, dropping down like a black veil† (Frome 125). The â€Å"darkness† symbolizes Ethan’s obligation and his moral duty to his wife (Frome 125).He cannot leave her though he scorns her because it is his morally obliged to reside by her side.

King Lear as a Commentary on Greed Essay -- King Lear essays

King Lear as a Commentary on Greed   Ã‚   In Chapter 4 of a book titled Escape from Freedom, the famous American psychologist Erich Fromm wrote that "Greed is a bottomless pit which exhausts the person in an endless effort to satisfy the need without ever reaching satisfaction" (Fromm 98).   Fromm realized that avarice is one of the most powerful emotions that a person can feel, but, by its very nature, is an emotion or driving force that can never be satisfied.   For, once someone obtains a certain goal, that person is not satisfied and continues to strive for more and more until that quest leads to their ultimate destruction.   For this reason, authors have embraced the idea of greed in the creation of hundreds of characters in thousands of novels.   Almost every author has written a work centered around a character full of avarice. Ian Fleming's Mr. Goldfinger, Charles Dickens' Scrooge, and Thomas Hardy's John D'Urberville are only a few examples of this attraction.   But, perhaps one of the best exampl es of this is found in William Shakespeare's King Lear.   Edmund, through his speech, actions, and relationships with other characters, becomes a character consumed with greed to the point that nothing else matters except for the never-ending quest for status and material possessions.    Edmund, the bastard son of Gloucester, embodies the idea of avarice from the very beginning of the play almost until the end.   In fact, Edmund seems to become more and more greedy as the production progresses.   When Edmund is first introduced in person on stage, after a short exposition of his character by Gloucester and Kent in the first scene, the audience immediately finds Edmund engaged in a plot to strip his father's inheritance from his... ...gain his freedom from this addiction.   And only through his life and death does Shakespeare paint a picture to which anyone can relate and a picture on which everyone must act.    Works Cited and Consulted "Fromm, Erich." The Columbia Dictionary of Quotations.   CD-ROM. New York: Columbia UP, 1998. Harbage, Alfred. " King Lear: An Introduction." Shakespeare: The Tragedies: A Collection of Critical Essays. Englewood: Prentice-Hall, 1964: 113-22. Knight, Wilson. "King Lear and the Comedy of the Grotesque." Shakespeare: The Tragedies: A Collection of Critical Essays. Englewood:   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Prentice-Hall, 1964: 123-38. Shakespeare, William. King Lear. New York: Scholastic, 1970. Shakespeare, William. "King Lear: A Conflated Text." The Norton Shakespeare. Ed. Stephen Greenblatt. New York:    W.W. Norton & Co., 1997. 2479-2553.   

Tidal Energy Alleviating Mans Demand for Energy Essay -- Water Hydro

Tidal Energy Alleviating Man’s Demand for Energy ABSTRACT The demand for energy has increased rapidly, while its supply has continued to decrease rapidly. Inventors have only worsened the energy crisis by creating â€Å"energy savers† that run on fossil fuels. Yet, the answer is quite simple and lies in the ocean’s tides that can be used as a safer and alternative for energy. France has invented a tidal barrage that now powers 240,000 homes ten hours a day. Other countries are following France’s lead by beginning the construction of their own tidal barrages. However, the world still needs a longer lasting energy source. INTRODUCTION The demand for energy has increased rapidly, while its supply has continued to decrease rapidly. Inventors have created â€Å"energy savers† such as hybrid cars only worsening the problem with its increase in pollution and incredible energy consumption. Hybrid cars run on petroleum and electricity. Meanwhile, people desperately accept it as the Earth’s fossil fuels are rapidly consumed. Yet, the answer is quite simple and lies in the ocean’s tides that can be used as a safer and alternative for energy. The ocean’s tides run through tidal barrages in which turbines rapidly spin and transform low tides into energy. This energy does not pollute the atmosphere nor does it produce any greenhouse effects. Even though tidal barrages are expensive to build and maintain, they produce a lot of safe and free energy. Of course tidal barrages appear to be the ideal solution for the world’s energy crisis. However, tidal barrages effect the environment. Birds migrate away from tidal barrages in order to find ideal living conditions. Fish are caught and killed by the Tidal Energy 2 spinning turbines.... ...oduction to Ocean Energy. Retrieved July 20, 2005, from National Renewable Energy Laboratory Website: http://www.nrel.gov/clean_energy/ocean.html Economically Viable Energy from the World’s Oceans. Retrieved July 20, 2005, from Eco World Website: http://www.ecoworld.rog/water/articles/articles2.cfm?TID=334 Tidal Power. Retrieved July 20, 2005, from Energy Quest Website: http://www.energyquest.ca.gov/story/chapter14.html Tidal Power. Retrieved July 20, 2005, from Wikipedia Website: http://en.wikipedia.org/wiki/Tidal_power Tidal Energy. Retrieved July 20, 2005 from Vision Engineer Website: http://www.visionengineer.com/env/tidal.shtml Ocean Tidal Technical FAQ. Retrieved August 1, 2005, from Poemsinc Website: http://www.poemsinc.org/FAQtidal.html, Technology. Retrieved August 2, 2005, form Marine Turbines Website: http://www.marineturbines.com/technical.htm

Fitzgerald the Misogynist Essay

At first, the female characters in Fitzgeralds â€Å"The Great Gatsby† seemed to be rather dissimilar. Daisy was the angelic and innocent beauty, Jordan was the androgynous golfer, and Myrtle was the sensuous and vivacious seductress. One was from the holy heavens above, another from the sinful depths below, and the last from the neutral in between. Seems like a good balance, however, as the story progresses, we see more and more that the angle is a fallen one, and that the human is a demon in disguise. All three women in this novel use men in some form to get what they want. Looking at the depictions of the female sex in this novel, I believe that, yes, Fitzgerald was a misogynist. Daisy is a careless siren who uses everything given to her by birth to win what she loves, namely attention, adoration, and social status. The only thing that will give her the three is wealth, and the only thing that can give her wealth is Tom Buchanan. Despite having supposedly change her mine (Fitzgerald 74) just prior to their wedding, Daisy still married Tom Buchanan without so much as a shiver (75), and very eagerly uses her new-found money and power to buy her way to the top. It is evident that, from Daisys point of view, true love cannot compare to the money and adulation she craves. Upon her reunion with Gatsby, the first in five years, she breaks down into tears because shes never seen suchbeautiful shirts before (89). The beautiful shirts owned by Gatsby have proven to Daisy that he is even wealthier than Tom, and this fact sends Daisy into a deep lament. That is, if she had just stayed with Gatsby from the beginning, shed be receiving even more attention and adoration than the already considerable amount she possesses at present because Gatsby could have offered her even more than the immense fortune she already holds. Poor, poor girl. Jordan is the least female of the three females, and I believe this is the reason why Fitzgerald did not have her meet an untimely death, destroy familial relations, or come to any other end she could have at the mercy of a woman-hater. Jordan is representative of the wives and daughters who emerged from WWI as androgynous, self-esteemed, and slightly misandric new women. When Nick first meets Jordan, she was perceived as balancing something on it [her chin] which was quite likely to fall (14). Though it is  not directly stated, I think Jordan is balancing men on her chin. New women like Jordan dont need men, and thus they must use men to prove just that. Myrtle is the home wrecker of the novel. As a direct result of her affair with Tom, she gets herself killed, which leads Wilson into shooting Gatsby, which obviously puts an end to the Gatsby and Daisy affair, the result of which leaves Nick disgusted and breaks it off with Jordan. Besides ruining the lives of everyone around her, Myrtle also meets the most tragic end of all the females in the novel. She is killed on impact in a gruesome car accident, while both Daisy and Jordan are at least left with the prospect of a fresh start. I believe this is because Myrtle is the most feminine of the three. Nick describes her as sensuous, and despite possessing no facet or gleam of beauty, there was an immediate perceptible vitality about her as if the nerves of her body were continually smouldering (28). If Fitzgerald was not a misogynist, then how could someone whose vice is simply being too much of a woman deserve an end as graphic as a left breast hanging loose like a flap (131)?This nove l is certainly not one of happily ever afters, and I believe the fact that women are portrayed as the causes of all the tragedies within this novel is reason enough to proclaim Fitzgerald as a misogynist.

Deltoid Intramuscular Injection and Obesity Essay

Deltoid Intramuscular Injection and Obesity Introduction   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   According the World Health Organizations and Centers for Disease Control and prevention in United States, approximately one –third of adults are considered obese. This has raised the no of intramuscular injections with approximate rate of 16 billion per year. Despite complex skills in administering, IM injections into deltoid muscle for administering the vaccine is best considered. IM injections is injection in which the needle pierces the muscle at least by 5mm, Zayback (2007).This has raised a great concern to the health sector whether the standard needle of 25-38 mm used, is able to deposit the medication to the muscle of obese individual. For the last six years, this has pushed researchers to address the issue of IM needle length in obesity. Further, the research based its findings reached conclusion 1.5 inches needle is the best as opposed to 1-inch needle. Further, it was discovered that there is no commonly accepted method if IM injection for a person with high BMI (Plotkin, 2008). Implication on leadership and management   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   The procedure for administering the vaccine by use of IM injections in obese individuals has not been an easy go to the leadership and management of health care in United States. With increased number of patients, the cases of incapability of vaccine causing a reaction(reactogenicity),wrong vaccine injection techniques and incorrect needle length used for IM injection in obese individuals has been of major concern. According to World Health Organization, the concerns have been associated to patient’s discomforts and increased cases of risks. It is therefore imperative to the leadership of medical-surgical nurses find an appropriate solution to the above raised concerns.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Also according to WHO (2009), administration of IM injection has for long been a complex challenge .Perhaps it has been found that the nurses when giving IM injections, use techniques that are little more ritualistic procedure but based on tradition ,which is passed from one nurse to another, generation to another. It is in great concern it has been addressed to the management and the leadership .This is because the skills not only requires dexterity in manipulating needle and syringe, but also knowledge in deciding the appropriate needle, syringe type and appropriate location of the injection ( Coco man & Murray 2008).   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Following this, timely reaction from management and leadership of health care in U.S is of great essence. This is because wrong IM injection technique and incorrect needle length can result to complications such, as are muscle fibrosis, abscess, gangrene, nerve injury and contracture. On the other side, unsafe injection technique may result in many of infections, such as HIV (6-8) and hepatitis B and C. According to Cocoman & Murray (2008), Detroid IM injection has resulted to permanent disability and in some cases to legal actions due to inappropriate injection techniques. In additional, this has problems to health care management in imparting proper knowledge to its nurses despite continued iatrogenic complications. Implications of issues for nursing practice   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Based from the questions, concerns, statistics and issues raised, there has been increased awareness to the nurses’ and other health care professionals carry out the appropriate techniques of intramuscular injections, appropriate vaccine and identification of appropriate needle length for injection in obese patients.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Following the effects of injecting vaccine into the subcutaneous tissue, complications such as granulomas and abscesses, injecting the vaccine into the deltoid muscle was more recommended .Further (Walters & Furyk, 2010) describes that although Obese patients still receive the injections into subcutaneous tissue there are more harm. This is because there is slower rate of absorption and medication efficiency can be compromised, resulting to vaccine failure.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   In determining the correct needle length, for the past six years the research based on issues of intramuscular needle –length in obesity begun. A research by Zaybak and colleagues (2007) was conducted to measure SCT in ventrogluteal and dorsogluteal sites to determine the optimum injections. In determining the optimum injection for IM injections, Weight was the key factor to the research whereby the BMI for extremely obese was greater than 35, for obese 30-30.5 and for overweight the BIM ranged 25 -29.9 in adults. Following the research, 16mm long needle in adolescents less than 60kg is recommended. It is acceptable for those adults weighing 60-70 kg when using flattened technique or bunch. However, it was agreed 1.5 inches needle to use as standard in Detroid IM injection of vaccine in obese patients. To the question of common method of Detroid IM injection, it was discovered that there is no commonly accepted method of IM injectio n for a person with high BMI. Strengthening of nursing practice   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   From above review, there are many discrepancies in the practice of IM administration. There is because there is no standard method of detroid IM injection and needle length as. This has further created gaps in nursing education as well as the nursing practice (Cook, 2006).There is therefore need to apply the above currently evidence –based research guideline to harmonize the practice and the nursing education in United states. References Cook, I.F., Williamson, M., & Pond, D. (2006).Definition of needle length required for intramuscular deltoid injection in elderlyadults: An ultrasonographic study.Voccine, 24(7), 937-940. Cocoman, A., & Murray, J. (2008). Intramuscularinjections: A review of bestpractice for mental liealtii nurses.Journalof Psychiatric & Mental Health Nursing,/ 5(5), 424-434. Zaybak.A., Gà ¼nes,Y.,Tamsel, S., Khorshid, L, &Eser, I. (2007). Does obesity prevent theneedle from reaching muscle in intramuscular injections? journal ofAdvanced Nursing, 58(6), 552-556 Plotkin, S., Orenstein, W, & Offit, P (2008).Vaccines (5* ed.). Philadelphia: SaundersElsevier. Source document

Physical Fitness Essay

Physical fitness requires a multitude of bodily operations. The first is a combination of the muscular system and the skeletal system. These two can be combined and are known as the musculoskeletal system. The circulatory system is that which governs the heart, blood, and blood vessels. The respiratory system is that which governs the lungs and their functions. The circulatory and respiratory systems work together to supply the body with necessary oxygen, because the cells in one’s body need oxygen to function properly. The combination of the circulatory system, the respiratory system, and the musculoskeletal system come together to make up the necessary physical fitness functions. When all these systems are operating at optimal capacity, physical fitness is most successful. Physical fitness at its most basic level is known as physical activity, which is simply the contraction of muscles. At the next level, increased physical activity that is targeted at the improvement of one’s physical condition is known as exercise. Exercise is the specific type of physical activity that increases athletic performance. Identifying Your Culture: The United States is a bouillabaisse of humanity and culture. Being a product of the United States, I would say that I culturally identify with a melting pot of different cultures. For instance, my mother’s parents are both German-American, so I know for sure that I am half German-American. I also know that my grandmother on my father’s side is Irish-American, so I know for sure that I am one quarter Irish-American. But my grandfather on my father’s side was adopted, so I will never know for sure that quarter of my ethnicity. Due to modern technology, though, we believe he may be of Irish descent, which would make me one quarter Irish American. All that being said, though, I do not identify with any of these cultures. It may seem plain and simple, but I recognize most with the â€Å"main-stream American† culture. I grew up attending church every Sunday. I grew up eating hot dogs, hamburgers, pizza, pancakes, and waffles. Time was spent on the weekends attending barbeque parties with friends and families while watching sports on the television like football, baseball, basketball, and hockey. The culture I grew up in was one of American sports. Describing How the Culture in which You Identify Influences Your Feelings, Attitudes and Behaviors Related to the Health: First, it must be understood that, growing up in American society, it was always important to be physically fit and have a nice â€Å"beach body.† But, as was said before, I grew up eating food that was not always the healthiest for me. A way to keep myself in good shape even though I wasn’t eating good foods was to continually exercise. Knowing that it is easy for any American to go down a road of unhealthiness, I work my hardest to stay as athletically fit as I possibly can. Also, my culture affected my physical fitness life in that, growing up, I was always playing sports. When I was eight years old I started playing football, and I continued to play football for the next ten years. Throughout high school, football allowed me to stay extremely physically active and forced me to always be athletically fit. I played football so much, I even learned to enjoy physical activity, especially those physical activities that were directly integrated with sports. Do You Think Your Children Will View Same Way You Do?: I certainly hope that my children will have the same views about physical fitness as I do. In a nation that is ever growing more unhealthy, it will be crucial for me to teach my future children about the importance of exercise. It is very apparent that the United States does not show signs getting healthier soon. I know that ten years from now Americans will be getting more and more out of shape. My children will not be a part of the ever growing obesity phenomenon. Also, sports are a very major influence in my life, so I would imagine that my kids will be involved in sports as well. Hopefully they will be able to learn about the necessity of physical fitness through sports. In today’s society, sports also open many other doors and avenues for people later in life. I only want my future kids to have the most opportunity possible. How Have You Been Influenced by These Cultural Messages?: In the long run, physical fitness and sports have played major roles in my life. It gave me a purpose for a time and allowed me to mature as a young man. Also, being athletic at such a young age allowed me set a pattern of physical fitness that has lasted now for years. Working out allows me to clear my mind of stress, increase my bodily health, and helps me get much rest at night when I sleep. I can focus more at school in class, I work harder at work, and I am socially more competent when I am working out. Yet it is tough for a student to find time to go to the gym, especially a student with two jobs. I guess it is lucky that one of those two jobs happens to be coaching high school football. As a football coach, I have unlimited access to the high school’s athletic facilities, of which I have been taking advantage of recently. Cardiorespiratory fitness, muscular strength, and muscular endurance are all important to me. On top of having access to great equipment, though, and probably more importantly, I have the ability to teach young people about exercise through sport and the importance of it. I am often teaching about the sports related aspects of fitness, which are speed, power, coordination, agility, balance, and reaction time. Probably the most rewarding influence physical fitness has had on my life has been the ability to affect the lives of the young men that I coach. This is how physical fitness has affected my life.

Group Work and Free Riders: Mitigating the Situation

In most universities, if not all, group work aims to enhance the learning experience of students. This is primarily done through collaboration among the students in meeting specific objectives for group activities. While group work trains students in work-related skills, it also improves their personal inclinations to adjust to a group environment where individual tasks may be designated in order to meet the goals of the collective whole. However, group work can also serve potential problems to the group in terms of members who are mere ‘free riders’.These loafers may not be of any use or help to the entire group since they do not provide significant contributions. Instead of aiding the group in keeping with the tasks at hand, the free riders become burdens to the group, thereby giving weight to the tasks all the more. One way to mitigate this problem is to give less complicated and less tedious tasks to the ‘free riders’ in the group while keeping a closer eye on their performance. It can be said that collaboration among group members helps in easing the larger chunk of the tasks involved.A reasonable distribution of tasks among members is â€Å"an advantage to a group essentially because it divides the general tasks required necessary for achieving certain goals (Barley & Kunda, 2001, p. 78). † Although the distribution of tasks may vary depending on several factors which include but is not limited to individual capabilities, it nevertheless creates the sense where each member has a definitive role and share in the interest of the group. By doing so, every member is also given certain responsibilities to meet under a specified timeframe. More importantly, the distribution of tasks entails certain expectations from the members.In the end, the overall welfare and performance of the group will have to depend on the members themselves. Since both the welfare and the performance of the group rely on the individual members, free rid ers among the group can pose serious disadvantages not only to the entire group but also to those who are working appropriately with their designated tasks (Pelled, 1996, p. 616). For one, there may be a psychological effect on the attitude of the other members when the ‘free riders’ tend to give no consideration for their respective responsibilities.When there are members of your group who do not function according to the group’s expectation, it is most likely the case that the other members will have negative responses whether explicit or not. It can affect their individual inclination to perform their duties because they can be influenced with regard to their behavior in doing their responsibilities. In order to mitigate the problems posed by the free riders in the group, these group members should only be given less complicated and less tedious tasks.It should also be the case that the free riders should be given more attention or focus from the group members since the free riders are the ones who are most likely to give problems to the group in terms of the completion of tasks among others. Given a number of tasks involved in completing the group requirements, the division of tasks should be appropriated in such a way that the perceived ‘free riders’ are given the lighter responsibilities instead of the tedious ones (Phillips & Phillips, 1993, p.534). The roles to be given to these members should be the ones which, when removed or separated from the overall product of the group work, can only give minor disadvantages. These minor disadvantages can come in the form of the absence of peripheral parts of the group work. By doing so, even if the free riders in the group are not able to submit their expected contributions to the group the overall group project can nevertheless still stand on its own.Or it can also be the case that even without the minor contributions from the free riders the rest of the group can still be able to amend the situation by fulfilling the peripheral tasks left behind. Moreover, the free riders should be given more focus by the group members so as to at least make certain that their tasks are met and that no delays will hinder the progress of the group work. This can be done by constant meeting with the group members so that the tasks can be done while every member is present.When each member of the group is present, there will be more chances for the group members to keep a close attention on what everybody else is doing (Formanek & Sibley, 1991, p. 650). By doing so, the free riders will also be guided accordingly by the other members of the group in cases when the free riders are unable to efficiently perform their responsibilities. An early correction of the perceived problems can â€Å"greatly help in arriving at a thoroughly crafted products or goals at the end of the day (Parboteeah & Cullen, 2003, p.139). † However, one problem that can surface even in the light of the suggestions offered to mitigate the probable problems that may be encountered by the group with regard to the free riding members is the problem of the total absence or non-participation of these members. If the free riders in the group do not actually attend meetings or escape from participating in the group tasks, even the suggestions to mitigate the perceived problems may not be able to fully address the problems.Nevertheless, one thing that can be done to avoid the eventual downfall of the group as caused by the free riders is that the rest of the group can choose to take charge of the supposed responsibilities of the free riders as early as possible. After that, the rest of the members can then suggest to the teacher or the instructor in charge to relieve the supposed free riders from being members of the group due to the reason of complete lack of participation. In general, as long as there remains the possibility of controlling the problem, mitigating the situation is still the best option.In fact, the act of mitigating the situation in itself is already a task which requires a collective effort from at least the majority of the group. More importantly, mitigating the situation can win back the free riders as functioning members of the group, thus leading to fruitful results to the group as a whole and to each member of the body. References Barley, S. R. , & Kunda, G. (2001). Bringing Work Back In. Organization Science, 12(1), 78. Formanek, E. , & Sibley, D. (1991). The Group Determinant Determines the Group.Proceedings of the American Mathematical Society, 112(3), 650. Parboteeah, K. P. , & Cullen, J. B. (2003). Social Institutions and Work Centrality: Explorations beyond National Culture. Organization Science, 14(2), 139. Pelled, L. H. (1996). Demographic Diversity, Conflict, and Work Group Outcomes: An Intervening Process Theory. Organization Science, 7(6), 616. Phillips, L. D. , & Phillips, M. C. (1993). Faciliated Work Groups: Theory and Pra ctice. The Journal of the Operational Research Society 44(6), 534.

Keynes theory and the Great Depression Essay Example | Topics and Well Written Essays - 1250 words

Keynes theory and the Great Depression - Essay Example The Great Depression is believed to have come as a result of the changes in the money supply. The important events that happened in the years between 1929 to 1940 would allow different economists to come up with different theories to explain the Great Depression. Events in the wake of the great depression included the changes in the nominal GNP and the monetary stock, price changes, and the changes in the size of the various elements of the money stock. Few economists such as Friedman and Schwartz were more interested in explaining the original downturn in 1929 that later changed into the Great Depression but however other events such as the stock market crash and the recession period might be contributing factors in the onset of the Great Depression. The decrease in the number of people that would go banking in the early 1930, greatly reduced the money multiplier and the money stock. With regard to this problem, the Federal Reserve was unable to handle the situation through the use of open market operations and giving of loans to banks to facilitate supply of money created a severe situation in the economic activity. Critics argue that this failure policy by the Federal Reserves was as a result of leadership failure. Nevertheless, the recovery of the monetary system between the years 1933-1936 was followed by an economic fall and monetary policy decline in 1937 which the economists believe was as a result of the increase of the required reserve ratio in an attempt to handle the banking system problem.

Rewriting Pension History. Some big firms move to recognize Gain or Case Study

Rewriting Pension History. Some big firms move to recognize Gain or loss in the year they occur - Case Study Example Instead, these companies would now take into account such gain as well as losses in the corresponding year of their incurrence. The mentioned companies did so, in order to make their income look superior in the upcoming years. The companies claim that the change would make their income reporting additionally transparent and that the prevalent low rate of interest made this a suitable point in time for the change in practice. The change in the practice is on the face of the criticisms for the fact that the present accounting rule can have a considerable impact on the income of the companies for years. The current accounting system concerning the pension assets are very ambiguous and do not provide any information to an investor about the gains or losses in the pension assets in a particular year. The actual gain or loss of a particular year is significantly affected due to the distribution of the previous years’ gain or loss values over a period of time. This practice propagated by Financial Accounting Standards Board does not comply with the matching principle either.  For instance, Honeywell, AT&T and Verizon had huge values of unrecognized losses as on 2009, viz. 55%, 49% and 43% of the pension assets respectively. The non-recognition of these losses on the income statement of 2009 would have an impact on the actual earnings of the companies in the coming years. Though these companies consider the latest mark-to-market strategy to be preferable due to its simplicity, the anticipated rise in the interest rates could also help their pension plans. The high rate of inter ests would lower the value of the companies’ future pension obligations due to the discounting effect. The reduced pension obligation would result in lowered interest expense to be paid by the companies and hence enhance the performance of the pension assets and lead to superior earnings. However, this change involves potential risk for the shareholders of the