beethoven5 essays

beethoven5 expositions Beethoven's Symphony No. 9 Choral' The ninth Symphony is a stunning bit of music. From the moderate opening, to its speedy climb to a ground-breaking conflict of instruments, the whole piece is enrapturing. The amazing part about the whole piece is that from the earliest starting point as far as possible there is a differentiation among delicate and noisy, continually dueling for time. Either there is a solid controlling component going through the music or there is a delicate simple song. The dualism between the more profound instruments playing rather than the gentler woodwinds makes for an intriguing tune in. Each time that I have tuned in to this piece I am continually hearing various pieces that I had not heard the time previously. The difficulty I have had with the piece is that I make some hard memories tuning in to the piece in general. Rather I wind up hearing either the high pieces or the low pieces, as opposed to having the option to catch the two together as interconnected pieces. However, with the passages that I have had the option to associate the two sections, their disparities help join them into an unbelievable bit of music. From the beginning of the ensemble, apparently the whole piece is based around the end, being Ode to Joy. It appears as though everything is simply preparing to incorporate and work with the peak. There being littler peaks en route, yet generally it is exclusively setting up the audience for Ode to Joy. The energizing part about the whole piece is that at no time does the audience become quieted into the music and become pulled back from the music, rather the audience is consistently mindful to the music pausing and anticipating the following note or arrangement of notes, considering what the author and conductor have coming up. This piece by Rossini is a somewhat mischievous bit of music. Generally the audience is placed into a place that the whole piece will be somewhat melodic and tranquil, however in an in ... <!

Ignorance and Demand for Liability Insurance

Question: Talk about the Ignorance and Demand for Liability Insurance. Answer: Presentation: A shop that invites individuals to purchase their items has an obligation to guarantee they are sensibly protected. On the off chance that a client falls in the store because of an irrational condition, the person in question can guarantee for injury against the store. On account of Tamara and Aldi Supermarket, for instance, Tamara is a devoted client to the store. Be that as it may, one Saturday morning as Tamara was running towards the most distant finish of the confectionary path, she slips on a softened dessert and falls, whereupon she crushes her spirit. Thus, Tamara goes through a while recuperating in clinic with general harms alone in abundance of $700,000. Presently, she needs to sue Aldi Supermarket for the carelessness of her misfortunes, however Aldi Supermarket can demonstrate that it has a part who cleans the path after like clockwork. Consequently, what follows in this conversation is the lawful necessity on carelessness distortion and further an investigation of what Tamara ought to do in her circumstance. Lawful Requirement in a Negligent Misrepresentation Action In instances of careless distortion, the conventional laws of carelessness apply. In any case, the offended party, for this situation, Tamara, must demonstrate three things in the activity: the respondent owes her an obligation of care; she confronted harm or monetary misfortune; the litigant went underneath the important standard of care. The Duty of Care As per Fleming, the obligation of care is a commitment, perceived by law, to maintain a strategic distance from direct laden with absurd danger of peril to other people (Sadler, 2009, p.19). At the point when the offended party faces unadulterated financial misfortune, it turns out to be very hard for that person (Velasco, 2015, p.648). This is the place the contentions dependent on indeterminacy get played out. The obligation of care idea shows that the courts imagined that the two gatherings the offended party and the litigant (Tamara and Aldi Supermarket separately) must be in a closeness or proximity (Kangoh, 2016, p.273). As indicated by Lord Atkin, in his discourse Donoghue v Stevenson, this relationship is known as a neighbor. Atkin says that You should take sensible consideration to dodge acts or oversights which you can sensibly anticipate would probably harm your neighbor (Sadler, 2009, p.19). A neighbor, for this situation, is the individual who is intently and legitimatel y influenced by different people acts. On the off chance that the offended party endured individual injury, at that point the court experiences no difficulty in finding that the obligation of care exists (Greiner, 2014, p.530). The idea of the harm, hence, shows that at once there was a physical closeness between the two gatherings. Notwithstanding, if the harm has a simply financial misfortune, it turns out to be difficult for the court to show that there was an adequate connection between the gatherings for the foundation of the obligation of care. Standard of Care Standard of care is additionally called the extent of obligation. It is the carelessness part of a carelessness activity. A respondent is relied upon to show a sensible standard of care, as is Aldi Supermarket. As indicated by the goal measures, the suitable standard of sensible consideration is the standard which ought to have been reached by the law, and not as indicated by the litigant. On the off chance that the denounced doesn't arrive at the expert norms, it infers that the person in question has not arrived at the necessary standard of care (Sadler, 2009, p.23). Notwithstanding, consistence with the acknowledged norms doesn't really suggest that the litigant gets absolved from risk. Harm Another component that Tamara needs to demonstrate to the court is that she experienced harm the careless activity of Aldi Supermarket. In light of causation in precedent-based law, Tamara must show that Aldi Supermarket added to her misfortune. In any case, carelessness of the litigant may not be the main source of misfortune (Hamer, 2014, p.162; Pagura, 2015, p.255). The misfortune could likewise happen if the litigant isn't careless. In such manner, at that point the litigant isn't held obligated for the offended parties misfortunes. The however for test is utilized to decide such circumstances (Sadler, 2009, p.24). The down to earth restrictions of this test are that: (1) the test holds that there was no reason for the injury in spite of having free and adequate reasons for the mishap that brought about injury. (2) For the situation of a supplanting occasion between the careless activity of the respondent and the injury to the offended party, the court settle this judicially by j oining the yet for and the sound judgment test. On the off chance that the litigants carelessness made injury the offended party, the offended party gets just remunerated where the harm was sensibly predictable. As indicated by the Civil Liability Act, on the Scope of Liability,' the results to a litigant are sensibly predictable in the event that they lead to genuine hazard which a sensible man would forestall (Bajtelsmit Thistle, 2009, p.110). Investigation Tamara slipped, fell and got harmed in Aldi Supermarket. This is sufficient to permit her to have a substantial case against the business. The explanation behind this is as referenced before: organizations have an obligation to guarantee their clients are sensibly sheltered (Zipursky, 2015, p.2142). In any case, having a substantial lawful case isn't generally smooth in light of the fact that the offended party has a commitment to demonstrate to the Court that the slip and fall were because of dangerous conditions in the store. Other than that, the store will just have an obligation to remunerate the client relying upon pfarticular realities about the mishap, however not founded on the basic conditions that may cause slip and fall in such stores. Along these lines, the lawful obligation of the business relies upon whether it ought to have sensibly seen the risky condition yet neglected to make the necessary move to fix it. Nonetheless, being that Aldi can demonstrate to the Court that it has a part who reviews and cleans the passageway after at regular intervals, at that point it is apparent that the store exhibits a sensible standard of care. In addition, as per causation, the yet for and the sound judgment tests, Tamaras injury couldn't be because of Aldis carelessness. There is a high possibility that she could in any case get harmed even without the issue of carelessness since it was morning and she was running quick to get the rest of the chocolate bar. In this manner, on account of Tamara v Aldi Supermarket, Aldi isn't subject for Tamaras misfortunes. In that capacity, Tamara ought not continue with the case. Reference List Bajtelsmit, V, Thistle, P 2009, 'Carelessness, Ignorance and the Demand for Liability Insurance,' Geneva Risk Insurance Review, 34, 2, pp. 105-116. Greiner, R 2014, 'Natural Duty of Care: From Ethical Principle Towards a Code of Practice for the Grazing Industry in Queensland (Australia),' Journal of Agricultural Environmental Ethics, vol. 27, no. 4, pp. 527-547. Hamer, D 2014, ''Factual causation' and 'extent of risk': What's the distinction?', Modern Law Review, vol. 77, no. 2, pp. 155-188. Kangoh, L 2016, 'Hazard avoidance, the Hand Rule, and Comparison between Strict Liability and the Negligence Rule,' Review Of Law Economics, 12, 2, pp. 261-274. Pagura, I 2015, 'Carelessness: What you have to know,' Journal of the Australian Traditional-Medicine Society, vol. 21, no. 4, pp. 254-256. Sadler, P 2009, Liability for Negligent Misrepresentation in the Finance Industry.' first ed. [ebook] School of Business Law and Taxation, pp.17-25. Accessible at: https://www.austlii.edu.au/au/diaries/LegIssBus/2009/3.pdf [Accessed 17 Jan. 2017]. Velasco, J 2015, 'A Defense of the Corporate Law Duty of Care,' Journal of Corporation Law, 40, 3, pp. 647-703. Zipursky, BC 2015, 'Sensibility In And Out Of Negligence Law,' University Of Pennsylvania Law Review, 163, 7, pp. 2131-2170.

The Historical Importance of Orville Wright

The Historical Importance of Orville Wright Why Is Orville Wright Important?: Orville Wright was one-portion of the avionics pioneers known as the Wright Brothers. Along with his sibling Wilbur Wright, Orville Wright left a mark on the world with the first-since forever heavier than air, kept an eye on, fueled trip in 1903. Orville Wright: Childhood Orville Wright was conceived on August 19, 1871, in Dayton, Ohio. He was the fourth offspring of Bishop Milton Wright and Susan Wright. Religious administrator Wright was prone to bring little toys home to his kids subsequent to going on chapel business and it was one of these toys that Orville Wright credited for his initial enthusiasm for flight. It was the smaller than usual Penaud helicopter that Milton Wright acquired home 1878, a famous mechanical toy. In 1881, the Wright family moved to Richmond, Indiana, where Orville Wright took up kite building. In 1887, Orville Wright began at Dayton Central High School, notwithstanding, he never graduated. Enthusiasm for Printing Orville Wright cherished the paper business. He distributed his first paper along with his companion Ed Sines, for their eighth-grade class. By sixteen, Orville worked summers in a print shop, where he structured and assembled his own press. On March 1, 1889, Orville Wright started distributing the brief West Side News, a week by week paper for West Dayton. Wilbur Wright was the manager and Orville was the printer and distributer. The Bicycle Shop In 1892, the bike had gotten well known in America. The Wright Brothers were both amazing bicyclists and bike mechanics and they chose to begin a bike business. They sold, fixed, structured, and assembling of their own line of hand-manufactured, specially made bikes, first the Van Cleve and the Wright Special, and later the more affordable St Clair. The Wright Brothers kept their bike shop until 1907, and it was fruitful enough to support their flight investigate. The Study of Flight In 1896, German flight pioneer, Otto Lilienthal passed on while testing his most recent single-surface lightweight plane. In the wake of perusing broadly and considering winged creature flight and Lilienthals work, the Wright siblings were persuaded that human flight was conceivable and chosen to direct their very own few examinations. Orville Wright and his sibling started exploring different avenues regarding wing structures for a plane, a biplane that could be guided by distorting the wings. This trial urges the Wright siblings to continue with developing a flying machine with a pilot. Airbourne: December 17, 1903 On this day Wilbur and Orville Wright made the primary free, controlled, and supported trips in a force driven, heavier-than-air machine. The primary flight was guided by Orville Wright at 10:35 A.M., the plane remained twelve seconds noticeable all around and flew 120 feet. Wilbur Wright guided the longest flight that day in the fourth test, fifty-nine seconds noticeable all around and 852 feet. After Wilbur Wrights Death in 1912 Following Wilburs passing in 1912, Orville conveyed their heritage alone towards an energizing future. Be that as it may, the hot new field of aeronautics business demonstrated unpredictable, and Orville sold the Wright organization in 1916. He assembled himself an aviation research center and came back to what had made he and his sibling so renowned: creating. He additionally remained dynamic in the open eye, advancing air transportation, imagining, and the memorable first flight that he made. On April 8, 1930, Orville Wright got the main Daniel Guggenheim Medal, granted for his extraordinary accomplishments in flying. The Birth of NASA Orville Wright was one of the establishing individuals from NACA otherwise known as National Advisory Committee for Aeronautics. Orville Wright served on NACA for a long time. NASA otherwise known as National Aeronautics and Space Agency was made from the National Advisory Committee for Aeronautics in 1958. Orville Wrights Death On January 30, 1948, Orville Wright kicked the bucket in Dayton, Ohio, at 76 years old. The home Orville Wright lived in from 1914 until his demise, he and Wilbur arranged the plan of the house together, yet Wilbur died before its consummation.

Discuss the two major approaches to stress management. Identify and Essay

Examine the two significant ways to deal with pressure the executives. Distinguish and portray one case of every procedure - Essay Example This methodology isn't supported since it makes an endless loop of pressure, which prompts use of more prescription and at last increasingly mental weakening. The non-clinical methodology deals with three segments, the body, the soul, and the psyche. It is an all encompassing methodology and guarantees that all parts of the focused on individual are dealt with beginning from recognizing the wellspring of stress, the degree, or seriousness of stress and at last assuming responsibility or control of the issue. The different methods utilized incorporate psychotherapy where an individual experiences meetings of guiding so as to reestablish energy consolation and expectation during intense occasions. Other normal choices incorporate fragrance based treatment, homeopathy, kneading, and reflexology. What's more, positive self-talk, setting aside a few minutes for no particular reason for the focused on people, unwinding, work out, and sound taking care of propensities are different other options. Significant, various individuals react diversely to pressure and there is no old style or single technique for all. Individuals are accordingly urged to analyze the distinctive accessible techniques of stress

Stress Management Techniques for Healthy Living

Stress Management Techniques for Healthy Living Stress Management Management Techniques Print Stress Management Techniques for Healthy Living By Elizabeth Scott, MS twitter Elizabeth Scott, MS, is a wellness coach specializing in stress management and quality of life, and the author of 8 Keys to Stress Management. Learn about our editorial policy Elizabeth Scott, MS Updated on June 24, 2019 How Stress Impacts Your Health Overview Signs of Burnout Stress and Weight Gain Benefits of Exercise Stress Reduction Tips Self-Care Practices Mindful Living Joshua Hodge Photography / E+ / Getty Images Many people don’t think about stress management unless they’re already on the verge of burnout. With our busy lives, it doesn’t always seem obviously important to take on the practice of stress management before a worn-out body or an overly taxed psyche force the issue. However, developing healthy stress-relieving habits really does pay off in the long run. Not only does a regular stress management practice stave off the negative effects of stress, but it can also bring positive outcomes like increased productivity, better health and more happiness in general. Positive Effects of Stress Management The following are some reasons why: Your Health: Excessive stress really can lead to poor health outcomes, from relatively minor things like headaches and digestion problems in the short run to major conditions like heart disease, high blood pressure and stroke after years of unmanaged stress.  Your Looks: Many stress relievers can also make you healthier and even more attractive. For example, taking care of your body by getting enough sleep can make you more productive and healthier, and can help you better manage stress, as well as staving off dark circles under the eyes and a poor complexion. Also, eating right can keep your blood sugar levels even, keeping your emotions in check and making you more resilient to stress, as well as helping you stay in your ‘skinny jeans’ or favorite tee-shirts from college. Getting regular exercise can help you blow off steam when you’re frustrated and keep your body fit and toned.Increased Productivity: Simply put, when you’re not stressed, you can be more productive because you’re more focused. Therefore, it really pays to keep stress to a minimum. Certain stress relief habits naturally make you more productive. Power napping, for example, can help you catch up on sleep and be more focused and productive, making less sleep stretch further. Being organized can also help you save time and money in the long run, reducing stress and helping you to be more productive in virtually every area of your life. Even limiting caffeine can help, improving your sleep and helping you feel less stressed at the end of the day. Finally, having the right attitude is actually a habit that can be learned. Being an optimist can benefit you in many areas of your life, helping you let failures roll off your back and actually enabling you to achieve more!  Your Happiness: Some stress relief practices just bring more joy. If you want to enjoy life more, you’ll want to adopt some of these stress relievers, and the fun will come more easily. Caring for pets, enjoying music, d ancing while you clean, working more laughter into your life, maintaining a supportive circle of friends, and even having sex are all fun activities that double as great stress relievers for various reasons. Read more about them and how they can help you, and remind yourself that you’re never too busy to include these activities in your lifestyleâ€"they’re stress management techniques!Your Stress Levelsâ€"Of Course!: The desire to avoid walking around feeling stressed-out is, in itself, a good reason to bone up on stress management. Certain general techniques that primarily just relieve stress (rather than serving some secondary function) are more than worth adopting because, when you’re less stressed, you enjoy life more. Some of the best stress management techniques available include meditation, journaling, PMR, guided imagery, and good old breathing exercises. Read more about the benefits of each, and choose a few to try, and you won’t have to let stress sap you of energy , productivity and enjoyment of life again! Putting in the effort to learn effective strategies for stress relief and low-stress living will pay off in the long run. Because of this, stress management is among the most important subjects to learn!

Studying The Pollution In The Banking System Finance Essay - Free Essay Example

The $100 billion question shows that a several big issues, which are being debate all over the time after a great depression. The pollution in the banking system resulted a lot of serious social cost and the governments are trying to tackling them by different ways. In fact, there is too hard to find perfect solution for this issue. The cost of the banking pollution is the systemic risk, which is often ignoring by the banks and financial institutions. The systemic risk is being ignored because of the natural humanity of the people. People always more concern about the private benefit and the private cost of themselves. The bankers are not the exception. They only see the benefit and the risk inside their banks, and never concern about the systemic risk because if they do so, they will think about what is the benefit for them. Therefore, the governments have to act as the role to sort it out. The banking crisis is the retribution to the banks for generated the banking poll ution through those products and financial services. But unfortunately, problem had become the social cost and encumbered the innocent public. Nowadays, there are still have some of the people believe that market is always get it right because people usually rely on price and market sort everything out most of the time. They believe that the market is self-correcting, self-policing, and self-regulating. The invisible hand, is means by the self-regulating nature of the marketplace and it is the metaphor coined by the economist, Adam Smith. But, in fact, according to several of the real life market crisis, it seems like it doesnt always get it right. The market is not self-correcting, and we can see this point through the events of banks are not lending money to other banks the other consumers because they scare to take risk after the subprime crisis. The market doesnt get it right when there are externalities, which create the social cost that generated by the impact of an individ uals action to the innocent public. Sometimes, in the normal market system, something is affected but is not accounted on and consequently generated the social cost. Therefore, market cannot predict explicitly when disaster will happen in the market. By the reason of the market didnt realise the systemic risk, so they were keep doing that in a wrong way because they dont know it will going to harm the whole system. Therefore, the collective of the systemic risk create the banking bubble and the creator of the precedent might be the mortgage backed securities and the over lending bank. It was a triple A rating security and people feel safe to hold it and enjoyed the return that its paid whereas, the bankers over lending the loan in order to get more profit as they could, but they neglected to set aside of sufficient capital to reserve for the risk management. Hence, people got shock when subprime crisis exploded and most of them unable to survive in the climate change. The government regulatory should be balanced with the free market. The regulator should increase the capital requirement in the bank to overcome the lack of trust existing between the banks in order to achieve a greater balance government regulatory actions and the free market. Furthermore, the government should let the market sort it out by itself. Normally, people prefer the market sort it out by organizing the price system, but if we dont know what the price should be. If there is a small amount of extra pollution, then just dont produce any more than that. The social cost that generated by the banking by the banking pollutant should be mitigated. The government is the one, who responsible to consider the public benefit. Moreover, it plays a vital role in the regulation of banking system and securities that ensure the markets keep moving on. Therefore, government should step in to mitigate the problems that created by the banking system because it is the critical factor that to overcome the crisis with the market. There is too much pollution in the market and those pollution is immeasurable. Nowadays, the demand of the people is too much, so the bank took more risk to create more products to fulfil the customer demands and consequently make the banking system become more complicated. So, the intervention of government can stop them to avoid the increase in the systemic risk. But the Basel II, seem to be unuseful, because it set the level for the capital requirement is too low. Due to the lesser capital that set aside in the banks, the bank unable to cover the loss during crisis, because they are totally run out of fund. So, the government bailed out the bank to avoid the whole system break down, because if one of the banks is fail, the others will fail too. There is an interdependent relationship between the banks. If the bank fails, it will cumbrance the other bank too. Now, the Basel III has just came out, it is improved the regulations with the higher capital requi rement, stronger risk management strategic, and so on. The risk in the market is measurable whereas the uncertainty is cannot be measured. The example of the risk in the market is credit risk, liquidity risk, operational risk, and so on. Instead, the uncertainty is bigger, it may be has more serious effect to the market than the risk. For instance, the climate change for the market is uncertainty, because nobody knows when it going to happen and it always result in an enormous cost to the public. The systemic risk is the highly complexity and uncertainty, and it drove most of the crisis. Therefore, governments are struggling to depress the systemic risk in order to reduce the likelihood of the crisis by stopping the banks from taking the risky investment. One important dimension of the debate concerns the social costs of systemic risk. Determining the scale of these social costs provides a measure of the task ahead. It helps calibrate the intervention necessary to tackle syste mic risk, whether through regulation or restrictions. (Haldane, 2010:2) Thats means the social cost of systemic risk is very important and the scale of it needs to be measured out because it can helps in the intervention process as a criterion to tackle systemic risk, whether through regulation or restrictions. Normally, it is evaluating by either the fiscal or the foregone output costs of crisis and the past crisis cost is usually larger and permanent. Research by Haldane (2010) concluded that, the losses of the US is less than 1%of the US GDP and for UK, the direct cost may be less than  £20 billion, or a bit more than 1% of GDP. The 1% of GDP is seem to be a tiny part of the GDP, but for the taxpayers, who are paying tax to bail out the banking system, is seem to be an astronomical number because 1% of the UK GDP is almost  £20 billion. They may never get this amount in their life. For US, the losses are currently estimated to be around $100 billion, and that means the taxpay ers had to pay for $100 billion out. The US population is about 300 million, and then each of them has to pay about 333 US Dollar. Actually, the losses of GDP could be lost it forever because of the time value of money. After a few years, the losses of UK GDP divide by discount rate, it might be few hundred billion pound losses. For example, assumes that the GDP after 10 years can be 120% of the current GDP, if the GDP didnt loss, the actual GDP after 10 years will be 130%. So, they are actually lost 10% of GDP. The collapsed of bank led to the collapsed of the GDP because the banks role is to lend money to keep all the things moving on, if the bank collapse, means the lending resources collapse too and consequently the GDP collapse. Subsidy that government paid to banks is the financial assistance to the banks and that is the way how government to secure the banking system stability. How the losses of the banks could reach the amount of $100 billion? That is because the implied government subsidy to the banks didnt counted into the cost of the bail out. For instance, if the government guarantee or protect everybody that lending money to the banks, then the investors will feel safe and that is not risky than they thought. Therefore, they think maybe they shouldnt charge 5% interest to the bank, and go to 4.5% because if the banks fail, the government will pay to them. The indirect subsidy import by government has reduced the cost of borrowing and consequently the banks make more profit because they are borrowing at a lower rate and lending at a higher rate and those profit actually is based on the subsidies. Hence, the actual subsidy should including the indirect subsiding in the evaluation of the fiscal cost. In essence, subsidies have many unintended consequences which can be damaging to the markets environment and social equality. Sometimes, too much of the subsidies are paid, they might create the imbalance in the free market and lead to the market unab le to correct by itself. Consequently, the banks are being too relied on the subsidies from government and they are taking more risk for the higher return, because they know that government will cope with the problem when they are trapping in the hot water. Banks shouldnt be over winked and shielded, and the government should set a limit to the subsidies according to the banks size. The credit rating agencies are the proxies to evaluate the rating of the banks that use to refer by the government to decide the amount of subsidies need to inject. In additions, they also provide the support and independent of credit rating to the bank. Nonetheless, the public had doubt about the ability of credit rating agencies after the subprime crisis in US. Investors trusted credit rating agencies to issue accurate and impartial credit ratings, but that trust was broken in the recent financial crisis, according to Levin (2007 cited in Dayen, 2010:online) That is because the mortgage backed loan that the credit rating agencies rated it as a triple A security was default. The credit rating agencies rated the mortgage backed loan based on the past data and neglected the higher underlying risk of it. The government should intervene in the credit rating to ensure the independent, accuracy of the rating and no frauds exist in the rating process. Research by Haldane (2010) concluded that, the bigger size of bank, the more subsidies are needed and over the past century, the subsidies that supported to bank just like an up-only escalator. The bigger banks have to dealing with the more complicated market that related to the moral hazard, economic specialization, and monetary theory. The complicated banking system consist a lot of underlying risk that the banks cant cope with and they dont even know those existing risk. Hence, the bigger bank, the bigger risks they take. The UK government choose to tax them in order to repair the damage that the banks created during crisis. I dont think merely raising the fees or capital on large institutions or taxing them is enough theyll absorb that, theyll work with that, and its totally inefficient and theyll still be using the savings., according to Greenspan(2009 cited in Wikipedia, 2010:online) Thats mean, levy tax on the banks is not an effective way to the problem because even though their profit is lesser, but they still can taking a higher risk to earn it back by investing more, or they can still using the savings from depositor. It is seems to be insensible, because the banks allowed to invest in the risky investment and if any failure appear, the government will support them through subsidies. In essence, government should cut down the size of the bank, which is considered too big to fail. The issue of Should government tax or prohibit the banks? is being debate hotly in the world. Taxation solution is to ensure the banks making a fair contribution for social cost that they made, which pose the potential ri sks to the financial system and the economy. Moreover, it can create higher buffer of capital and the liquid asset to ensure the banks able to recover the losses by themselves. If government tax at the price to the bank, then they wont make risky decisions. Nonetheless, as a tradeoff for the holding higher capital and liquidity asset, the banks will reduce their profit and maybe put up the cost of the people, who is trying to borrow money from banks. Whereas, the prohibit solution is the restriction on the banks activities as well as the size of them and the structural reform of banking may take place. Furthermore, the activities of the banks will be separated in order to stop them from doing the activities that may cause the systemic risk. The complex system consist a lot of error and underlying risk. The system is interconnected, it is not about the individual unit, because the individuals mistake wont affect the bank much, but if one of the systems failed, it will affect the over all banking system. The separation of activities is to prevent all the things ruin once. Assumes that the banking system is a forest and the tree in the forest was plant separately, if the fire burn up the forest, it will not burn off the whole forest because of the fire breaks. The fail of the system can be affect by the outside attack or inside attack. For example of the inside attack is the remuneration system in the bank that create a lot of the individual errors. The prohibition can aid the system resilience because the separation of department can simplify the system, and they can fit together, the most important thing is, if one of them destroy, it cant affect the others. Maybe the government can separate all the section in a bank and eat section is manage by different company. Some of them can manage securities transaction, some of them of them can receive the deposits and lend it out and simplify some of the activities to create a robustness financial system. One of the pro hibitions benefits is diversify the risks and having diversity. The bank always does diversification and all of the banks diversify the risk exactly the same way because everything in the financial system actually is same. Hence, they do a lot of diversification but they are not diversity. Glass-Steagall Act is a restriction approach that established in year 1933 after the US stock market crisis and repealed in year 1999 because it created the barriers between the commercial bank and the investment bank, and the banks had a lower competitive situation than the foreign banks. The Glass-Steagall Act was over setting the restriction, and caused many people complaint about it. According to the Weitzmans theory, the economy just like environment and he described that the climate change as a disaster of the economy. The climate change in the economy is unpredictable. The factors that create the climate change are also indiscernible. The impact of it would be enormous and wider, the pub lic usually get shocked from it. The pollution that created by the banking system generated the systemic risk and consequently formed the bubble, and the bubble is uncertain because people dont know when it going to explode. Social cost will be increase aftermath of the climate change. Some of the people dont even care about the social cost, they just concern about their benefit, and that is one of the reasons created climate change. Bankers only see the risk in their bank, whereas the government see the whole banking system risk systemic risk, which is the main factor that led to the great depression. The government should check the level of the pollution and the possibility of the climate change in order to lower down the pollution before it is too late. If we dont know how serious of the pollution and unsure about that, then a small change may make the economy flip over. The banking developments are being grown faster in order to fulfil the demands of the people. One of the d evelopments should be the more capital and liquidity asset are required to hold than they otherwise would to reduce the leverage ratio of banks and avoid them to over taking the risk. The lesser fund that the bank can be used, the lesser ability that they can invest, and consequently lower the risks. Even though the banks profit will reduce the profit of the bank, but the government not only see the banks benefit, in fact, government see the bigger risk, which is system risk. Besides that, the banks have got bigger and many activities are combined and hence, the economies of scale can be achieved. The investment banks combined most of the activities and make a profit from it. That is because the investment bank dealing with the pension fund and the insurance companies even though they do not receive deposits but they still can get a lot of large amount of fund from those institutions. They are the part of shadow banking system and they are not regulated. The investment banks use tho se funds selling and buying the securities to make profit and create a market to selling or buying the securities too. So, they have to borrow some money too to organize the market place and they do act like a bank because they are borrow in short-term and lend out in long-term. Hence, they are also created the systemic risk and since they are not regulated and did not have capital requirements, therefore, they are under increasing scrutiny and regulations after the subprime meltdown in 2008. Securitization is one of the banking developments. It is process of an issuer use a financial instrument to repackage the financial asset and sell it to the investors. Banks lend out a loan, might sell as a bond to an investment bank get the cash back and lend the money to other different type company to diversify the risks. In addition, the bond is rated before it issue out. Nowadays, the financial system is complex and difficult to regulate it and a lot of the events show that it is still fragile. Everyone has been learned from the past crisis, and they are still struggling to reduce the likelihood of the crisis. Moreover, most of them havent recovered back from the crisis impact. The revolution should be taken and tried to jump out from the hot water because remain unchanged is just like it block the escape way by yourself. The reformation can help the banks able to survive when the climate change or to prevent the climate change. Nevertheless, the perfect way to sort it out is still need a longer time to figure it out. Furthermore, the $100billion question is still puzzled us.

Hrm Lincoln Electric Case - 1044 Words

Lincoln Electric Case Study Analysis Overview of the Case of Lincoln Electric Lincoln electric established consistent HRM policies to build trust. This has been true since inception. This long history promotes confidence in employees and surety of future reward. Workers average $17,600 per year on standard 32 hour work weeks. They are able to earn about this same amount again in bonuses. This system creates high productivity. Lincoln Electric operates on a system of equality, cooperation, and need. Each employee is given the same number of hours as others. When business slows, all workers reduce hours equally. When overtime is needed, this workload is also distributed without favor to the workers. Today, Lincoln Electric is the†¦show more content†¦At these meetings, employees are able to bring up any production issue or worker grievance. This improves the company culture. Furthermore, this employee participation makes the company locally responsive by mining worker’s direct production knowledge as well as input from the open market. Part of th e investment of the workers is their own input. When workers have a say in goal setting and policy, they work much harder, and for much greater duration, than employees who simply receive goals and targets from upper management. Additionally, one of the rewards of effort is image. Lincoln Electric’s proud heritage extends fully to the workers. CEO, chairman, and president of the company, John M. Stropki, gave credit to the employees in his August, 2010 television interview with Liz Claman on Fox Business. This creates a corporate culture of worth in employees, and a sense of pride. This pride has real value and is part of the â€Å"benefit† package at Lincoln Electric. Potential Problems with Introducing Lincoln Electrics HRM Practices into China Operations Introducing the same system in China should only be employed following careful analysis and planning for initial, short-term modifications. A key element of the reward bonus system is trust. In China, trust between the common worker and people in power falls far short of the trust a citizen of the United States has for those who sign paychecks. In the U.S.,Show MoreRelatedEssay Case Study of Lincoln Electric Company875 Words   |  4 Pagesï » ¿ Integrative Case: The Lincoln Electric Company Tony Slattery Everest University Abstract â€Å"We are a global manufacturer and the market leader of the highest quality welding, cutting and joining products. Our enduring passion for the development and application of our technologies allows us to create complete solutions that make our customers more productive and successful. 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ISBN-13 978-0470-16968-1 Printed in the United States of America 10 9 8 7 6 5 4 3 2 1 Brief Contents PA RT 1 Chapter 1 Chapter 2 UNDERSTANDING HRM The Dynamic Environment of HRM 2 Fundamentals of Strategic HRM 28 PART 2 Chapter 3 Chapter 4 THE LEGAL AND ETHICAL CONTEXT OF HRM Equal Employment Opportunity 56 Employee Rights and Discipline 84 PART 3 Chapter 5 Chapter 6 Chapter 7 STAFFING THE ORGANIZATION Human Resource Planning and Job Analysis 110Read MoreDevelopment of Bmw5406 Words   |  22 Pages2013). This will have a positive effect on the demand of BMW luxury cars because as you can see in the chart below, the average age of BMW owners is 49 years. In addition, the average age of a BMW 7-series owner is 51.7 year. Figure 6: With Lincoln, Ford Isnt in the Lap of Luxury. (Businessweek 2010) You may have also noticed that at least one major competitor of BMW also have the same averages drivers’ age. 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Sethia and Glinow framework of defining culture describes t his as an integrative culture reflecting a high concern for performance where people are treated in terms of respect for their contributions. (IBM, Hewlett-Packard, 3M, Lincoln Electric and Tandem are notable examples of integrative culture.) Awards were given with BA for excellence and an employee brainwave programme encouraged staff to put forward their ideas. This aided the cultural change in that it promoted an open environmentRead MoreA Case Study in Organisational Change Implication for Theory8390 Words   |  34 PagesA case study in organisational change: implications for theory Lindsay Nelson Introduction Organisation theory has developed through major epochs of classical, human relations and contingency approaches, all of which have contributed to the accumulation of knowledge about implementing change. The legacy of these approaches has been to regard organisational change as something of an aberration or a departure from the more usual static position of organisations. Hence, for example, Lewin’ s (1951)