Lehman Brothers

Research a failure that occurred at a large organization such as Tyco, Chrysler/Daimler-Benz, Daewoo, WorldCom, or Enron. In an APA formatted paper that is no longer than 1,050 words, describe how specific organizational behavior theories could have predicted or can explain the failure of the company. Compare and contrast the contributions of leadership, management, and organizational structures to the organizational failure. Lehman Brothers Holdings Inc, the fourth largest US investment bank, succumbed to the sub prime mortgage crisis in the biggest bankruptcy filing in history. The 158 year old firm, which survived railroad bankruptcies of the 1800s, the great depression in the 1930s, & the collapse of long term capital management a decade ago, filed a chapter 11 petition with US bankruptcy caught in Manhattan on September, 15. The following day, its investment banking & trading divisions were acquired by Barclays plc along with its New York headquarters building. In the biggest reshaping of the financial industry since the Great Depression, Wall Street’s most storied firm, Lehman Brothers Holdings Inc. , headed towards extinction. The 158 year old firm, which survived railroad bankruptcies of the 1800s, the great depression in the 1930s, & the collapse of long term capital management a decade ago, filed a chapter 11 petition with US bankruptcy caught in Manhattan on September, 15. The following day, its investment banking & trading divisions were acquired by Barclays plc along with its New York headquarters building. The collapse of Lehman, which listed more than $613 billion of debt, dwarfs World Com Inc’s insolvency in 2002 & Drexel Burnham Lambert’s failure in 1990. What happened that weekend was that the Fed got a bunch of bank presidents together and asked them to invest in Lehman (basically loan Lehman money). The bank CEOs, knowing the risk of such a loan (they could see Lehman's finances), refused to do so without some kind of assistance from the government (whether it be loss-protection, the government paying half of the loan, etc etc). Hank Paulson, the Secretary of Treasury, refused to do this, saying that he didn't want to saddle the taxpayers with paying to save a private company that screwed up. Breakup process IMIDIATE AFTER EFFECTS- US stocks tumbled, more than $300 billion in market value, pummeled by the developments. Lehman plunged 95%; AIG retreated 42% on funding concerns while Bank of America Corp slumped 14% after agreeing to buy Merrill Lynch & Co. for $50 billion. The bankruptcy filing represents the end of a 158-year-old company that survived world wars, the Asian financial crisis and the collapse of hedge fund Long-Term Capital Management, but not the global credit crunch. Financial institutions globally have recorded more than $500 billion of write-downs and credit losses as the U. S. subprime mortgage crisis has spread to other markets. {text:bookmark-start} {text:bookmark-end} Bankruptcy also represents a bad end to Chief Executive Dick Fuld's four-decade career at Lehman. Fuld, who piloted the investment bank through prior crises with aplomb, was widely seen as too slow to recognize Lehman's need to raise capital and shed bad assets. Lehman Brothers filed for bankruptcy because they failed to raise enough capital to secure their debts. The next logical question is why did they have so much debt? This is a two-fold answer: second, Lehman had a ton of what is called â€Å"leveraged assets†. Basically what happened (the non-basic is for another question) is Lehman took their assets and took out loans secured by those assets (for instance, using their on-hand cash as down payments on loans) and then invested those loans in the aforementioned property derivatives. So, not only did those investments lose value, but Lehman had to pay the interest on the money they borrowed (and subsequently lost). In short, Lehman was a casualty of the credit crunch due to exposure to bad debt. In August 2007, the firm closed its subprime lender, BNC Mortgage, eliminating 1,200 positions in 23 locations, and took an after-tax charge of $25 million and a $27 million reduction in goodwill). Lehman said that poor market conditions in the mortgage space â€Å"necessitated a substantial reduction in its resources and capacity in the subprime space†. At the end of August ‘07, Lehman had $600 billion of assets financed with just $30 billion of equity. Having so little capital meant that a 5 percent decline in assets would wipe out the value of the company, which investors saw as a real risk due to the company's billions of dollars of mortgage securities. In 2008, Lehman faced an unprecedented loss to the continuing subprime mortgage crisis. Lehman's loss was apparently a result of having held on to large positions in subprime and other lower-rated mortgage tranches when securitizing the underlying mortgages; whether Lehman did this because it was simply unable to sell the lower-rated bonds, or made a conscious decision to hold them, is unclear. In any event, huge losses accrued in lower-rated mortgage-backed securities throughout 2008. In the second fiscal quarter, Lehman reported losses of $2. 8 billion and was forced to sell off $6 billion in assets. In the first half of 2008 alone, Lehman stock lost 73% of its value as the credit market continued to tighten. In August 2008, Lehman reported that it intended to release 6% of its work force, 1,500 people, just ahead of its third-quarter-reporting deadline in September. On August 22, 2008, shares in Lehman closed up 5% (16% for the week) on reports that the state-controlled Korea Development Bank was considering buying the bank. Most of those gains were quickly eroded as news came in that Korea Development Bank was â€Å"facing difficulties pleasing regulators and attracting partners for the deal. † It culminated on September 9, when Lehman's shares plunged 45% to $7. 79, after it was reported that the state-run South Korean firm had put talks on hold. On September 17, 2008 Swiss Re estimates its overall net exposure approximately CHF 50 million to Lehman Brothers. Investor confidence continued to erode as Lehman's stock lost roughly half its value and pushed the S&P 500 down 3. 4% on September 9. The Dow Jones lost 300 points the same day on investors' concerns about the security of the bank. The U. S. government did not announce any plans to assist with any possible financial crisis that emerged at Lehman. The next day, Lehman announced a loss of $3. 9 billion and their intent to sell off a majority stake in their investment-management business, which includes Neuberger Berman. The stock slid 7 percent that day. Lehman, after earlier rejecting questions on the sale of the company, was reportedly searching for a buyer as its stock price dropped another 40 percent on September 11, 2008. Just before the collapse of Lehman Brothers, executives at Neuberger Berman sent e-mail memos suggesting, among other things, that the Lehman Brothers' top people forgo multi-million dollar bonuses to â€Å"send a strong message to both employees and investors that management is not shirking accountability for recent performance. † Lehman Brothers Investment Management Director George Herbert Walker IV, second cousin to U. S. President George Walker Bush, dismissed the proposal, going so far as to actually apologize to other members of the Lehman Brothers executive committee for the idea of bonus reduction having been suggested. He wrote, â€Å"Sorry team. I am not sure what's in the water at Neuberger Berman. I'm embarrassed and I apologize. † In its Chapter 11 filing, Lehman named Citibank and Bank of New York Mellon as trustees for about $138 billion of senior Lehman bonds. It said Citi's Hong Kong affiliate had made a $275 million bank loan to Lehman. Among Lehman's other unsecured creditors are Japanese banks Aozora Bank, Mizuho Financial Group Inc, Shinsei Bank and UFJ Bank. France's BNP Paribas is also on Lehman's list of its 30 largest unsecured creditors. The firm said that as of May 31, it owed about $110. 5 billion on account of senior unsecured notes, $12. 6 billion on account of subordinated unsecured notes, and $5 billion on account of junior subordinated notes. Lehman also disclosed that it owned stakes of 10 percent or more in a number of companies, including Imperial Sugar Co , Lpath Inc, Derma Services, Flagstone Reinsurance, GLG Partners, Ronco Corp , Pacific Energy Partners, Blount International , Pemstar Inc and Transmontaigne Inc. The investment bank, once the fourth-largest in the United States, had hoped to raise capital by selling off a stake in its investment unit, and use that capital as well as other funds to spin off some of its toxic assets to shareholders. But that plan did not satisfy investors, who punished Lehman's share price, or rating agencies, who pressed the company to find a stronger partner. Lehman said the uncertainty, particularly among banks through which it clears securities trades, ultimately made it impossible for it to continue to operate its business. The bankruptcy filing comes after a weekend of heated negotiations among regulators and Wall Street firms about Lehman's fate. The U. S. government refused to backstop Lehman's worst assets the way it backstopped Bear Stearns Cos Inc's sale to JPMorgan Chase. Government officials told banks to support Lehman or else be prepared for more investment banks to lose investor confidence and fail. But prospective bidders refused to buy Lehman without government support, people briefed on the matter said. In the end, Lehman was allowed to fail, and Bank of America Corp agreed to buy what was seen as the next weakest U. S. investment bank, Merrill Lynch & Co Inc. For many of Lehman's 26,000 employees the outlook is likely to be gloomy, with job losses expected to be substantial even if significant parts of the business can be sold. At Lehman's headquarters in midtown Manhattan on Sunday afternoon, men dressed in suits came and went, while some employees entered the building with what appeared to be empty duffel bags, then left with them full. Others emerged with accordion files, binders stuffed with papers and full valises. On Sunday night, hundreds of Lehman employees were still in the office to clear their desks and pack personal belongings, according to an employee. Several money-market funds and institutional cash funds had significant exposure to Lehman with the institutional cash fund run by The Bank of New York Mellon and the Primary Reserve Fund, a money-market fund, both falling below $1 per share, called â€Å"breaking the buck†, following losses on their holdings of Lehman assets. In a statement The Bank of New York Mellon said its fund had isolated the Lehman assets in a separate structure. It said the assets accounted for 1. 3% of its fund. The drop in the Primary Reserve Fund was the first time since 1994 that a money-market fund had dropped below the $1-per-share level. About 100 hedge funds used Lehman as their prime broker and relied largely on the firm for financing. As administrators) took charge of the London business and the U. S. holding company filed for bankruptcy, positio ns held by those hedge funds at Lehman were frozen. As a result the hedge funds are being forced to de-lever and sit on large cash balances inhibiting chances at further growth. In Japan, banks and insurers announced a combined 249 billion yen ($2. billion) in potential losses tied to the collapse of Lehman. Mizuho Trust & Banking Co. cut its profit forecast by more than half, citing 11. 8 billion yen in losses on bonds and loans linked to Lehman. The Bank of Japan Governor Masaaki Shirakawa said â€Å"Most lending to Lehman Brothers was made by major Japanese banks, and their possible losses seem to be within the levels that can be covered by their profits,† adding â€Å"There is no concern that the latest events will threaten the stability of Japan's financial system. † During bankruptcy proceedings a lawyer from The Royal Bank of Scotland Group said the company is facing between $1. billion and $1. 8 billion in claims against Lehman partially based on an unsecured g uarantee from Lehman and connected to trading losses with Lehman subsidiaries, Martin Bienenstock. After Constellation Energy was reported to have exposure to Lehman, its stock went down 56% in the first day of trading having started at $67. 87. The massive drop in stocks led to the New York Stock Exchange halting trade of Constellation. The next day, as the stock plummeted as low as $13 per share, Constellation announced it was hiring Morgan Stanley and UBS to advise it on â€Å"strategic alternatives† suggesting a buyout. While rumors suggested French power company Electricite de France would buy the company or increase its stake, Constellation ultimately agreed to a buyout by MidAmerican Energy, part of Berkshire Hathaway (headed by billionaire Warren Buffett). The Federal Agricultural Mortgage Corporation or Farmer Mac said it would have to write off $48 million in Lehman debt it owned as a result of the bankruptcy. Farmer Mac said it may not be in compliance with its minimum capital requirements at the end of September. 2008). economies. Furthermore, such wealth effects tend to play out gradually. The 158 year old Lehman Brothers’ move to file for bankruptcy wiped off more than Rs2000 crore from the market valuation of those Indian companies in which the US financial major made equity investments. Major stocks held through participatory notes issued by Lehman Brothers Investment Management, a SEBI- registered foreign institutional investor, saw their prices nosedive. Participatory notes are derivative instruments through which foreign investors that are not registered in India can trade on the Indian markets. In addition to its equity holdings in listed companies, Lehman had also invested in various projects of Indian companies, especially in real estate. In India, Lehman also acquired BRICS Institutional Equities business of research analysts and sales and trading professionals and bought a 26% stake in Edelweiss Capital Finance , a non banking financial company, recently. The investment banking major has also been involved in several Indian initial public offers. IT SECTOR- The meltdown in US had a huge impact on indian IT & IT companies as a large chunk of their revenues is from US. Thus, the crisis had definitely delayed various new projects. Market sources revealed that the companies affected by the crisis such as Lehman Brothers, Merill Lynch and AIG have been outsourcing work to wipro, Tata Consultancy Services & Infosys. There was a direct impact on the revenues of this companies. As more & more consolidation, acquisition & mergers took place in the US, the number of companies in this space came down & shrunk the addressable market for the Indian IT services companies. Consolidation also led to consolidated IT resources & reduction in IT spending, which had negative effect on the IT companies. The slowdown also had an jmpact on the hiring practices of Indian IT services companies, who had to now focus on just-in-time hiring, rather than advanced hiring practices like campus recruitment. Thus, w. r. t. Lehman, as much as 60% of the revenue of India’s software firms comes from the global financial sector, so the fallout of Lehman’s bankruptcy on India’s IT sector cn be well imagined. REAL ESTATE- The collapse of Lehman Brothers and the bailout of Merrill Lynch, the global financial behemoths, affected Indian realty companies that were in the process of raising fresh funds. Many leading realtors, already facing a paucity of funds due to a slowdown or a correction in prices, found it more difficult to raise resources even at the project level. Merrill Lynch & Lehman Brothers had exposure to more than a dozen realty companies, including, Ansal Housing, Anant Raj Industries, Unity Infrastructure, the Puravankara group and J Kumar Infrastructure, among others. The Indian companies are not only unable to raise fresh capital but they are also finding it difficult to sell the inventory of housing stock as demand & prices both have fallen. BANKING- ICICI Bank said that it might need to make an additional provision of $28 million (Rs. 188 crore) on its exposure to bonds issued by Lehman. It had already made provisions of $12 million on these bonds. Indian IT major Wipro Technologies has expressed interest in bidding for the Indian back office business of Lehman. The bankrupt investment banking firm is expected to close its captive unit in Mumbai by the end of this month. The unit’s 1200 employees, who work on equity research and analytics support for the mergers and acquisitions business, have been asked to quit by September end. Unlike employees in Lehman’s investment banking business who have been receiving feelers from domestic banks, employees in the captive BPO are unlikely to find alternate jobs quickly because the IT and IT- enabled services industries have already begun downsizing, owing to the global financial crisis. The RBI had moved quickly to improve liquidity. Still there could be some impact on credit availability. That implies more expensive credit (even public sector banks are said to be raising money at 11. 5%, so that lending rates will inch up to 16 % and higher). For companies looking to raise capital, the alternative of funding through fresh equity is not cheap, either, since stock valuations have suffered in the wake of the FII pull out. Capital has suddenly become more expensive. There is a risk that projects underway will suffer from delays and cost overruns as cost of credit shoots up. Real estate could be most affected sector. Builders may have to resort to dropping prices to find customers for housing projects nearing completion. Another worry is impact on job creation in the country. There could be downsizing in companies in sectors impacted by high cost of credit and fall in demand. The layoffs in IT sector may be a fair portent of things to come. The crisis does have a silver lining. The falling rupee(against the dollar) will mean that exporters affected by the earlier rise of the currency can breathe easy. However importers would be at the receiving end. Importers of oil and other commodities’ prices will neutralize the impact of the dollar’s decline against the rupee. Prices of stocks and real estate, which had appreciated by too much, will come down to realistic levels. The Lehman Brothers bankruptcy filing indicate that as of their May 31, 2008 financial statement that the firm has $639 billion of assets and $613 billion of debt. At that time the firm had about $110 billion in ordinary bonds, and about $17. 6 billion in subordinated bonds. The composition of the other debts is hard to determine, in part, because of a bad cross reference in that part of the filing. As of the last financial statement, accounts payable were about $71 billion, short term debt was $163 billion, other current liabilities were about $29 billion, and long term debt was about $350 billion. As of the filing date, the listing of the top 30 outsider creditors of the firm mentioned $138 billion of ordinary bonds (managed by two bond trustees), $17 billion of subordinated bonds (managed by one of the two ordinary bond trustees), and about 3 billion in bank loans and letters of credit ranging in size from $463 million to $10 million from 23 different institutions (a few of whom appear to be related entities of each other). This leaves about $485 million of debts owed to creditors in amounts less than $10 million and insider debtors. This would suggest that $71 billion+ is made up of trade credit in small amounts per creditor, while $414 billion is made up of financial creditors in amounts less than $10 million and insider debt, with insider debt probably making up the bulk of the debts, as investment banks don't generally take deposits from millions of households the way that commercial banks do. There don't appear to be any significant (i. e. more than $10 million) secured creditors or trade creditors, although this might not include financial rights of setoff. There are more details in an Affidavit of the CFO, which is honestly rather dubious and unsatisfying. I find it very hard to believe that Lehman Brothers is incapable of providing much, much more information than it has to date with only modest effort. While it might not be able to provide ever single creditor in a matter of weeks, it ought to be able to publicly account for more than a third of its outstanding debt. These folks are in the financial analysis business and live and die on their own ability to be highly leveraged without becoming insolvent. Equity The most recent financial statement listed the aggregate value of preferred stock at $7 billion (and did not include it as a debtor in the petition). The aggregate redemption value of the preferred stock based upon the rights of each class of preferred stock, the number of preferred shares identified in the petition (presumably the number of authorized preferred shares in each class), and assuming that preferred stock dividends aren't grossly in arrears, is about $237 billion. This is calculated as follows: 5 million shares, $500 each, $2. 5 billion 4 million shares, $5000 each, $2. billion 12 million shares, $2500 each, $30 billion 5. 2 million shares, $2500 each, $12. 5 billion 66 million shares, $2500 each, $165 billlion 12 million shares, $25 each, $0. 3 billion 12 million shares, $25 each, $0. 3 billion 16 million shares, $25 each, $0. 4 billion 8 million shares, $25 each, $0. 2 billion 4 million shares, $1000 each, $4 billion 2 million shares, $1000 each, $2 billion But, this appears to grossly overstate the amount of preferred stock shares outstanding. There are 694,401,926 common shares outstanding according to the petition. Assets The source balance statement listed the company's assets as $314 billion in cash, $42 billion in net receivables, $4. 3 billion in fixed assets, and $279 billion in non-current assets. Presumably, this number is lower now, due to market losses, particularly in mortgage based securities. Some breakdown on the nature of those assets is available: Sanford Bernstein analyst Brad Hintz estimates that 55% of Lehman's balance sheet can be quickly liquidated, particularly such assets as receivables and short-term loans known as repurchase agreements. There are about $269 billion in securities that are â€Å"another story,† Hintz wrote in a report released Monday. He estimates 27% of the $269 billion is in mortgages, 17% in derivatives, and 8% in real estate. Analysis The two primary bond trustees seem likely to be the dominant voice on behalf of creditors in this bankruptcy on the creditor's committee. This could be a 100% payout liquidity failure bankruptcy, and failing that, could be one in which common stock shareholders, preferred stock shareholders, and perhaps subordinated debtors bear the brunt of the impact, while general creditors are held harmless or nearly so. Indeed, if the company adopts a plan that holds harmless all preferred and general unsecured creditors, and all secured creditors, then only the holders of subordinated debt would have any right to object. Since all of the subordinated debt appears to be represented by a single bond trustee, this might mean that the plan could be confirmed in a one on one negotiation with the representative of that bank. Equity and subordinated debt together are capable of absorbing a $43 billion loss between May 31, 2008 and the bankruptcy filing, and pre-bankruptcy loss estimates had been in the vicinity of $7 billion. Barclays Bank is discussing buying the brokerage and investment banking operations including the headquarters out of bankruptcy for about $8 billion (presumably the usually highly profitable brick and mortar part of the operation which probably also counts for most accounts payable and accounts receivable), and assuming that this is a market value for that operation by some reasonable measure, the market losses that other creditors would have to bear would remain unchanges, but greater liquidity could speed up the payout. The bankruptcy filing covers only Lehman’s holding company. Its brokerage and money-management units are not in Chapter 11 † employees still have their jobs, customers still execute transactions on accounts, and portfolio managers still manage mutual funds. The relative independence of these subsidiaries from the bankruptcy process is what enables Barclays, the U. K. -bank that walked away from a Lehman rescue over the weekend, to consider purchasing part of Lehman. Another interesting possibility would be a plan that allocated good, short term assets to outsider creditors as payment in full, while allocating securities of uncertain value, like the mortgage backed securities, to the insiders. Outsiders can't object if they get quick cash in exchange of the debts owed to them, so this plan could be imposed on them, leaving insiders with any windfalls resulting from market undervaluation of Lehman Brothers' complex financial assets. The biggest overall risk is that the derivatives market, and in particular, the credit default market, will be screwed up by the freezing of the positions of a major market player, although recent bankruptcy law reforms are designed to minimize this impact. Financial crises are terrifying when underlying economic fundamentals are out of line with established theory, leading to bursts of unjustified optimism and/or pessimism. It is the responsibility of the powers that be to bring sense to the market. Every financial crisis is different, but they do all end. The Lehman Brothers bankruptcy and Merrill Lynch’s acquisition by Bank of America is yet another stage in the progression of the financial crisis that had its roots in the US sub-prime mortgage market. The initial stage of the crisis took a toll on direct mortgage lenders like Countrywide Financial. In a subsequent stage, guarantors of mortgage-backed securities like Freddie Mac and Fannie Mae came under attack. This culminated in their going into US government ‘receivership’ (effectively nationalization) a few weeks ago before the bankruptcy was actually filed. Lehman’s demise marks the stage where banks with indirect but large exposures to the US mortgage market, principally through derivative instruments, bear the brunt. This is not necessarily the final stage and the worst is perhaps not over. A key feature of this crisis that started in the middle of 2007 has been the lack of clarity on both the nature and number of financial institutions that have indirect exposure to subprime assets, as well as, cross-product problems involving movement from subprime to prime mortgages with final spillover into derivatives, structured products and counterparty risks. We could see another set of intermediaries coming under severe pressure. The decision by the US Treasury and the Fed not to guarantee Lehman’s financial liabilities is a clear signal to the market that they believe that no institution is ‘too big to fail’. Going forward, a government-funded bailout is likely to be the exception, not the norm. Besides, with Lehman’s bankruptcy, the fate of its counterparties hangs in balance. It is not clear whether a fire-sale of Lehman’s assets will be adequate to pay off its creditors. Besides, apprehensions of other banks meeting Lehman’s fate will keep inter-bank lenders on edge. This could lead to a huge squeeze on inter-bank liquidity and trigger another bout of turbulence in credit markets. Finally, the Lehman episode has ramped up the level of risk-aversion in the global financial system. These are days of extreme and often irrational pessimism. The way to survive this crisis is to stay focused on the fundamentals. From a fundamental perspective, India’s financial system has a lot going for it. Indian banks have no direct exposure to G-7 mortgage markets and their ndirect exposure is minuscule relative to the size of their balance sheet. This has protected us in the past and will continue to insulate us to a significant degree from the turmoil in global markets. As this phase of extreme pessimism abates a bit, global investors are likely to reward India for the robustness of its system. Thus, at last, the bankruptcy of Lehman Brothers Holdings I nc, was mainly caused by the fall in house prices & the easy finance provided for housing at vary low interest rates which made the Dow Jones Industrial Average to fall 500 points. The treasury secretary Henry M. Paulson Jr. had been sending warning signals to Lehman Brothers ever since the firm announced its second quarter losses of $2. 8 billion. Experts were also quoted as saying that the 158-year-old bank was just living off the brand name that it had nurtured over the years. The Lehman bankruptcy had a great impact on INDIA. The undercapitalization of financial houses that was at the core of the financial meltdown in the US & developed markets became a problem in Indian Financial System, too.

Eugenics: the Artificial Selection

S R August 26, 2008 Biology 340 Eugenics: The Artificial Selection In the 1800’s, well-known biologist, Charles Darwin enlightened us with his theory of evolution and natural selection. In short, natural selection states that random genetic changes transpire within an organism's genetic code, such changes are preserved because they are valuable for survival. Darwin’s ideas came from economics applied to biology. By the late 1800’s Francis Galton, Darwin’s cousin, had thoroughly studied his cousins findings and disclosed his beliefs in biology, which he related to human beings.His philosophy was known as Eugenics. Eugenics was an idea was based on ways to control reproduction so that human race can better succeed, in other words, a revised sequel of Darwin’s natural selection, artificial selection. Galton understood that good advancement of mankind was let down by generous outreach to the underprivileged when such hard work motivated people to have m ore children. Galton sought after expanding his eugenics idealism from science to a policy and religion. This science was a form of perfecting the human race through improved reproduction.That alone should have scared people, however, it began to evolve, as Galton desired. Eugenicist aspired the development of advantageous characteristics and abolition of the adverse ones. Eugenics was seen as a means to resolve the combined problems because it located the cause in the flawed germ cells within the embryo of individuals of certain ethnic groups instead of focusing on the structure of society. Eugenicist alleged that inherited disorders with basic modes of inheritance could be construed from derivations of inheritance contained by families, such as polydactyl.Psychiatric disorders, such as manic depression, were also considered when researching inherited disorders. Geneticist understood that behavioral personality had the utmost impact on society. They assumed that people inherited a trait that made them have an affinity to be poor. This was termed as shiftlessness. Other predispositions that were deemed inherited were alcoholism and sexual immorality, which was a notion to be part of the cause to criminal behavior.In the 1920’s restrictive immigration laws were passed because eugenicist believed that undesirable traits were linked to racial and ethnic groups, which was detrimental to society. Furthermore, eugenics was incorporate by Adolf Hitler’s attempt at a master race. His barbaric behavior and massacre of Jews made the initiative of developing a master race became exceedingly ostracized. However, eugenics should not be considered eradicated from society. Some believe that the advancement and encouragement of birth control is considered a major eugenic success.It was seen as a eugenic success because of a sudden increase in population and frenzy to control this. I understand that eugenics may be intended to promote reproduction among the genet ically advantaged. Therefore, in that sense I find it to be acceptable to some extent. The practices that follow this type of positive eugenics, nowadays, is slowly being accepted in society. Such as, in vitro fertilization, a couple may find this option as a gift in life. However, others may argue that adoption is always the best option when infertility is an issue.The fact that there are millions of children that do not have parents, would make me opt for child adoption. As previously mentioned, birth control is considered a eugenic success. In this area I would agree with that generalization. I find that women should take care of themselves form of eugenics that I consider eugenics negative when the attempt is to subordinate fertility amongst the genetically underprivileged. Such an example would be to have an abortion knowing that your child will have a disability.Overall, this subject matter is more complicated and thought provoking that it may seem when once introduced. Howeve r, the evolution of society has made modifications to the early eugenic standards.Work Cited EugenicsArchive. org Image Archive on the American Eugenics Movement http://www. eugenicsarchive. org/eugenics/list3. pl Adams, Mark, ed. The Wellborn Science: Eugenics in Germany, France, Brazil and Russia (New York, Oxford: Oxford University Press, 1990 Neo Eugenics: http://neoeugenics. home. comcast. net/~neoeugenics/ Future Generations: http://www. eugenics. net/links/othrlink. html

Barriers to Effective Communication Paper

Barriers to Effective Communication Paper Tametrius Walker Mrs. Alsup CJA 363 February 2, 2011 In this paper I will be discussing the process of communication and its components, discuss the difference between listening and hearing in communication, talk about the formal and informal channels of communication, talk about the different barriers to effective communication, and lastly discuss the strategies that may be implemented to overcome communication barriers. Communication is very crucial in the criminal justice system; it is the key element for success. From a rookie all the way up to a chief, every police officer must be able to speak, listen, and understand without excuses. There is no room for poor communication in the criminal justice system, because it is a waste of time and a waste of everyone’s energy. An author named A. Richard in 1928 gave the best definition of communication he said, â€Å"Communication takes place when one mind acts upon its environment and that another mind is influenced. In that other mind an experience occurs just like the experience in the first mind, and is caused by that experience† [(Wallace, 2009)]. Communication is not an isolated event, it is a process. It is five steps that the communication process contains and it is transmitting an idea, sending the idea through a medium, receiving the message, understanding the idea, and providing feedback to the message sender. The communication process becomes flawed, when failure occurs during any of the five steps, and the information that is at hand will not flow in a smooth and accurate manner. The first step to communication is transmitting an idea. This step is the information of several thoughts and the desire to express the ideas. Sending the idea through a medium, which is the second step means that the message needs to be sent once it is formed. Transmitting an idea can be done in writing, orally, or by action. Each method is interpreted in a different way, no matter what medium is used to send a message. The critical part of communication is receiving the message. This is the reverse of message transmission. In order for the message to be effective, it must be received and acted on. An important part of communication understands the idea. What is the point of transmitting the idea in the first place, if nobody can comprehend the message? The sender should always take into consideration the person or people that are receiving the information before the message is even sent, putting themselves into receiver’s shoes so that that the essence of the idea is communicated. Providing feedback for the message sender is the last step in the communication process. The communication loop comes to an end, when this step occurs. At this point the recipient let the sender know if the information that was received was understood or needs clarification. Exchanging information that involves at least two people is the primary reason for communication. The communication process is the essence of our lives and how we get everything we do across to the rest of the world that is why it is so important. There are two steps when it comes to communication. Step one is hearing and step two is listening. Both of these words are different. In order for the communication process to be successful you have to hear first and then listen. Hearing is when a person ear picks up sound waves and then sends it to the brain. Listening which is the active process is the second part of communication. You need to be an active participant in other words. The active listener not only evaluates the message before they respond, they also think as the speakers relay the message. The thought speed of listeners is a lot faster than the speaking speed of listeners, which will result in lagging and may lead to day dreaming. A listener must concentrate on the message so that they may become an active listener to be successful in communication to overcome this. The traditional communication method in an organization most of the time is formal and informal. In formal communication this channel follows the chain of command, which is typified by detectives, formal orders, and written memorandums. These forms provide order and security. The use of excessive and exclusive communications has certain disadvantages. Strict adherence to formal channels can be personal and time consuming, this is one disadvantage. Memorandums must go through the chain of command, then forwarded to the right personnel in order to be drafted carefully. It will also require written records and a lot of people do not like putting their information on paper because it will restrict the flow of the written information, this is another drawback of formal channels. Formal communications also have advantages, however. Formal communication makes it easy for officers because the new information that are about crimes that need to be given to all officers, can make the situation critical, then formal communication is very clear and less confusing regarding the contents. Informal channels which is departmental gossip. This is used between detectives and patrol officers. Using informal channels can save time when time is critical. Instead of going through the entire process, informal channel allows an officer to take the short cut and pass the information on quickly and responsibly. It is also used so different departments can share information. For instance, if a robbery crime resulted in a homicide. This situation allows both departments to team up and solve the crime. When it comes to barriers to effective communication, there are four different types; they are emotional barriers, physical barriers, semantic barriers, and ineffective listening. An emotional barrier means that everyone takes a situation in their own way. Emotional barriers happens in the sender or receiver of a message, majority of the time an individual will let their experiences get in the way while transmitting or receiving information. Examples include fear, anger, and hostility. A physical barrier is anything that allows the free flow of information difficult. A semantic barrier is studying the meaning and development of words. For instance, officers interpret juvenile delinquent in different ways such as youth acting out, hard core, or under age youth. It can result in bad communication having the inability to understand one another. Ineffective listening which is the last barrier is failure to receive or hear another individual message. There are many strategies that may be implemented to overcome communication barriers. When it comes down to emotional problems peer support system will help because this allows officers to work with one another to solve roblems. When addressing physical barriers, not allowing anything to slow down the flow of information will overcome communication barriers. If semantic barriers are guarded against it will help officers to agree on the meaning of terms, which will help them to effectively communicate. Lastly, I think the best way to overcome communication barriers is to help people improve their listening skills. It will help the criminal justice department if officers will use these strategies because it will overcome all their barriers to communicate. As you have read communication is very important. In every aspect of the criminal justice system, it is the key element for success. Not only will it better ourselves as officers, with these skills of communications, but we can also strive for better goals which will not only help the department, but also the judicial system and our communities. We can overcome barriers and encourage others that are striving to do the same, As long as we push forward and follow these strategies. Reference Harvey Wallace J. D. , C. R. (2009). Oral and written communication

Equity and Trusts Essay Example | Topics and Well Written Essays - 2500 words - 2

Equity and Trusts - Essay Example for the administration of the law of equity.2 The principle of Equity was developed as a result of the hash outcome as a result of rigid application in the common law rules.3 Equity is referred to as fairness and was a powerful source of law because this overcame problems found in the common law. This gives people more appropriate remedies than in common law. Over the years, equity has evolved which brings out the question of it has become more relaxed now than before. This essay takes a look at the development of the law to trust and equity from the common law. It then takes a look at trust, in particular the discretionary trusts, how it has developed and analyzing if the law has become more relaxed now as opposed to before the decision made in the case of McPhail v Doulton. Since the introduction of common law, decisions were applied strictly and they were unfair. During the early days, there were not many remedies for people and the Chancery rule prevailed. Because of the many weaknesses experienced, there was the introduction of equity. Equity is based on the consciousness where the court correct errors found in the law in order to ease the conscience of individuals. Equity is discretionary and acts as a supplement to the common law and therefore, does not contradict it. A trust is an obligation where the property right grows from. Trust can be defined as a creature of equity.4 Trust was developed centuries ago and incorporated different types like discretionary trust and the fixed trust. Under the fixed trust, also known as â€Å"an interest in possession†, the share of a property under trust in which a beneficiary is to receive is fixed into the trust instrument.5 The interests of the beneficiaries are determined at the outset. In this type of trust, the trustee has the obligation to dispose the property under trust as per the terms of the trust which is not the case under the discretionary trust where the trustee may have some discretion on the exact value

Interpersonal Communication Essay Example | Topics and Well Written Essays - 2000 words

Interpersonal Communication - Essay Example ding such premium of communication is closely equal to life itself, since communication is a powerful tool that shapes an individuals life both in the short term and over the long haul (Devito, 1996). As it is apparent n everyday life, people who are exemplary at communicating are likely to end up in better positions in the community; and even in enterprises. They are more likely to receive recognition and accolade from society. This emphasizes the importance of communication. This paper reviews communication and its context. Within it, the value and significance of communication will further be reinforced. Communication is a way of conveying one’s thought to another person. However, its definition has been subjected to change since time immemorial. It definition has perennially been a point of contention among experts in the field of communication and language. Currently, there are various forms of communication; however, experts have labeled two general types. These are non-verbal and verbal types of communication. Obviously, under verbal communication, an individual uses language as the main tool (Stanton, 1982). Needless to say, language alone would not suffice when an individual comes across people who use a language different from his own. That is why there are many who study other languages aside from their native tongue, given the complexity and competitiveness of today’s world. This is a leverage that could not be easily replicated. Non-verbal communication, on the other hand, refers to signals which are mostly used in communicating with people with disabilities (i.e. blind, deaf and other similar kinds of deformities). The development of non-verbal communication is of importance since it has made people with disabilities productive and participative despite their physical inadequacies. Moreover, non-verbal communication is not exclusively used by people with physical deformities. There are instances in which is non-verbal communication is utilized

Why I want to be a Cardiovascular Technologist Essay

Why I want to be a Cardiovascular Technologist - Essay Example Nutrients, waste, and other cells are carried by the blood pumped by the heart. The heart is so important and strong, first aid courses teach individuals to apply pressure in order to stop bleeding as the first action to be undertaken at an accident scene. Humans cannot survive without a heart. I have the ability to become a Cardiovascular Technologist. I am prepared to study to work under a physicians directions in order to diagnose heart (cardiac) and blood vessel (peripheral vascular) problems. I feel that being a Cardiovascular Technologist will allow me to have a chance for greater interaction with patients. I have not yet decided which of the three Cardiovascular Technologist specialties, cardiology, enchocardiography, or vascular technology, to focus on. I know that I would make an excellent Cardiovascular Technologist. Cardiovascular medicine fascinates me. Since the heart interest me, helping people with heart problems will come naturally to me. I am very personable and compassionate. Oral instructions are not a problem for me. I am also inquisitive and a fast thinker. All of these traits will help me become a Cardiovascular Technologist. The last reason I want to become a Cardiovascular Technologist is financial and job security. Since medicine relating to the heart will always be necessary, a Cardiovascular Technologist will always be in demand. This is especially true for one that has the correct training and education. With job security comes financial security. Cardiovascular Technologist make a good living, the average being $38,000 a year. This is better than minimum wage. It would be a dream come true to work at a job I love and get paid for it. I find the heart interesting and fascinating. The need to further my education is important to me, especially education in the cardiovascular field. I am determined to become a Cardiovascular Technologist. My determination, eagerness, compassion, intelligence, and interest

Section 121 gain and losses Research Paper Example | Topics and Well Written Essays - 1500 words

Section 121 gain and losses - Research Paper Example The headquarters of the agency is in Washington DC. It is the role of the agency to ensure that it administers the laws related to revenue and asses and collect taxes. The agency has different sections guiding its operations. This paper in particular will explore at section 121. In its discussion, the paper will include the rules and exceptions which are involved in this paper. It will dig further to the presentation of real world examples of the section. (Yancey 2004) Section 121 offers the provision to every taxpayer filling the existing federal tax returns an entire exclusion on any kind of capital gains tax involved in selling their primary residence. The agency on an bi-annual basis provides $250,000 for persons filling single returns and also $500,000 for those married couples filing joint returns is given when the property in question represents their principal residence and when the taxpayer has been living in the home for a duration of at least two or five years. Capital Gai ns Tax The capital gain tax is imposed when one sells the primary residence at a price higher than the original purchase price. Section 121 excludes waives and eliminates the tax when the actual gain is not more than $250,000 and $500,000 for married couples and exclusion upon realization that the property has been used by the taxpayer as his/her principle residence for a duration of two or more years. This kind of exclusion is often available after every two years. EXCEPTIONS Gross income included shall exclude gains from the exchange of property or from sales if during a period of five years ending on the date of exchange or sale, and then such kind of a property has been used by the taxpayer and owned as his principal evidence for duration of 2 or more years. (Yancey 2004) Limitations 1. In General In general terms, the amount of the gains which is excluded from the gross income under section (a) subject to any sale or exchange of any kind of property in any sale shall not be mor e than $250,000. 2. Special Rules for Joint Ventures In the scenario when the couples making the joint return for the given taxable year of a sale or an exchange then- (A) $500,000 Limitations for certain Joint Returns. The first paragraph shall be adopted though the substitution of $500,000 for $250,000 if- i. Either one of the spouses satisfies the authorities requirements as adopted in subsections a with respect to that particular property. ii. When both the spouses satisfies the use requirements of the subsection (a) in conjunction to that property iii. When none of the spouses satisfies the requirements as lay in subsection (a) with respect to that particular property by a particular reason of the third paragraph. B. Other Joint Ventures. If the requirements of sub section A is not met by the spouses, then the limitations that exist in the first paragraph shall be the summation of the entire limitations under the first paragraph where each and every spouses shall be entitled of the spouses had in the pat been married. Therefore every spouse shall be regarded as owning the property during that time when either of the spouses owns the property. (Boortz & Linder 2005) 3. Application to Only a single Sale or an Exchange after every 2 years. A. General If there was no exchange sale by the taxpayer to whom subsection (a) applies during the two year period which ends on the day of the sale or exchange then the subsection shall not apply to any

Determination of Exchange Rate Coursework Example | Topics and Well Written Essays - 4000 words

Determination of Exchange Rate - Coursework Example The initial period was 1870 to 1914 where most countries adopted the gold standard where gold was used as domestic money. The above gold standard was a uniform exchange rate regime, though some countries constantly used silver while other countries gold inconvertible currencies (Ehrmann and Fratscher, 2004, p. 105). The start of the First World War interrupted this exchange rate era thereby bringing in the second phase that was 1914-1946. Under this second period, there were many changes as many countries saw great variations of currencies used among countries and the over time. Exchange controls were initiated with most countries utilizing the floating exchange rates (Escobar, 2012). It was noted that in the late 1920s, the efforts to restore the gold standards as were before the war began aborted (Deaton and Duprietz, 2011, p. 152). The exchange rate policy was dominated by the Breton Woods agreement that was signed in 1944 between 1946 and 1973. Through this pact, countries agreed to commit themselves to convertible currencies that could be converted to the current account and the fixed exchange rate (Chinn and Hiro, 2005, p. 301). The pact enhanced eschew of exchange controls and fixing the exchange rates due to the negative lessons that were experienced after the world war (Bagella, et al. 2006, p. 1152). Despite the increased application and use of the Breton Woods pact, Kenen (2000, p. 111) posits that the arrangement was strained since the 1960s and in 1973, fixation of exchange rates was officially abandoned by most countries in Europe and Japan thereby ushering in the next period of exchange rates that has been in application since 1973 to date where countries use floating exchange rates (Chinn & Hiro, 2005, p. 303). 2.2 Types of Exchange Rates 2.2.1 The Nominal Exchange Rate Regime The nominal exchange rate is the exchange rate of a given currency whose value is not averagely weighted in relation to the major currencies across the globe (Cooper, n.d. : 21). The weights of the currency are determined by the domestic country that places its currency in a given pool of global currencies that are measured by the balance of trade between these countries. The nominal effective exchange rate (NEER) is the relative value of a domestic currency as compared to major global currencies such as the U.S. Dollars, the UK Pound and the Japanese Yen among others. A high NEER implies that the domestic currency has a more value than the foreign currency while a lower NEER implies that the domestic currency has a less value as compared to the foreign currency. As noted by Eichengreen and Leblang (2003, p. 804), the nominal exchange rate refers to the exchange rate of a given currency in relation to the given foreign currency. 2.3 Real Exchange Rates Galindo (2006, p. 64) note that the real exchange rate can be distinguished from the nominal exchange rates since real exchange rates refers to the cost of foreign good relative to the cost of domestic products. It provides the required competitiveness in the market and it is necessary in explaining the behavior of trade and national income in a competitive global economy. The real exchange rate is usually volatile and it keeps varying based on various business environment factors (Ickes, 2004, p. 16). The big fluctuations in the real exchange rates could lead to improved welfare to an economy, though this is not

Public criminal investigations and private security investigations Research Paper

Public criminal investigations and private security investigations - Research Paper Example This research will begin with the statement that public criminal investigation relates to the process through which the government through one arm of the police department that is charged with the responsibility of investigations takes up initiatives aimed to collect crime related pieces of information and to gather them to form concrete evidence. The evidence is then used to apprehend the perpetrators through the initiation of court proceedings. The police department applies the use of small pieces of evidence such as fingerprints, traces of blood, use of eyewitnesses to gather information as well as the items located at the scene of the crime. On the other hand, a private security investigation is a form of investigation that is undertaken by private individuals known as private investigators who are available for hire by the government or by private individuals who are after some information that they feel no need to inform the police. Private investigators who carry out private s ecurity investigation usually work closely with the defense attorneys working on capital punishment as well as other criminal defense cases. They must be licensed by the licensing authority who are available in every state so that their operations can be regarded as legal and not infringing on the rights and freedom of other citizens. They answerable to the individuals who have employed them to carry out the investigations as well as the registering body that may call them from time to time in order to keep track with their operations.  

Great Wilderness Debate Essay Example | Topics and Well Written Essays - 1000 words

Great Wilderness Debate - Essay Example Others take it as a cultural believe that a wilderness is an area that has been threatened by growth and development and regardless of what can be done the land cannot show any positive growth (Callicott and Nelson 6). The existing biodiversity set aside an alternative to preserve the land from extinction and the separation of people from nature indirectly suggest the creation that serves as an example of wilderness idea. This topic of wilderness has attracted most of the environmental philosophers and the community at large that innocently believed that the wilderness is a natural holy quiet place. To distinguish between wildness and wilderness, we can create a picture of something that may occur or can be possible in the future by inhabiting nature symbolically. Cronon tries to give and differentiate wilderness from wildness by defining it as the only preservation in the world (Cronon 7). His idea requires a thoughtful study since it is more concern with the creation of human cultu res and civilization in the world we are living in. Civilization on the other hand can be done in a manner that will prevent contamination of the beautiful environment rather than basing the idea to cultures and historical assumptions. We can learn to appreciate and preserve the small and unconventional pieces of land that surround us and be able to conserve and maintain the beauty of the wildness (Callicott and Nelson 541). Taking an example of a tree in a garden and the other one in an ancient place, we clearly see the importance of valuing both trees because by doing so we not only value them but even honor the importance of conserving our environment. It is good to honor any wild regardless of its physical position because a tree is not less wild when it is in the garden than it is in the ancient place. We should take into consideration the fact that the tree in the wilderness and that in the garden require the same factors for them to grow and reproduce and also respect the nat ure. We are to classify an organism as wild or tame according to its context and not by its constitution or position so as to mention the distinction between natural and artificial occurrences (Aitken 5). The belief that wilderness is a virgin pure inhabited land has to be set aside and reclamation of the lands be done in the right manner of conserving the entire land not necessarily the wilderness. Wilderness existed before human refinement expanded and will continue to exist long after the cultures have ceased to exist and the community should adopt and accept to live with these changes. The human-environment interaction has tamed the land in a contrary manner that has influenced and changed the existence of the wilderness by people trying to protect their needs without giving up custody of the land that could be damaged by nature. The mere presence of things done by people does not deprive the official state of wilderness since a wilderness exists in environments that naturally o perate with very minimal human interference. We should provide a safe and caring environment for the benefits of all biological systems and the universe as a whole so as to create a progressive and helpful human-wild interaction. Conservation tips

Theories as the Basis for Nursing Practice Essay Example for Free

Theories as the Basis for Nursing Practice Essay Abstract Theory development is the fundamental step for expansion of nursing knowledge. The knowledge has been borrowed from different disciplines to build the nursing theories. The categorization of theories is based on their scope of practice. The grand nursing theories are the most complex and abstract in their nature. Middle range theories are inducted mostly from grand nursing theories. Orem’s self-care model is clear and descriptive; the theory has been applied, analyzed in a precise method to various areas in the current nursing practice successfully. A comprehensive knowledge of nursing theories is an integral part of graduate nursing. Initially I was also wondering just like the graduate student in the beginning of chapter 2 in (McEwen amp; Willis, 2011) about the application of theory to nursing practice. However the initial theory classes were lot of information in a short duration. Over the time of the course it became clear that theory development in nursing has been crucial to nursing emerging as a profession. The knowledge for nursing theory development has been based on silent knowledge, where the role is limited to following physician orders, received knowledge; this is the information from other fields like sociology, psychology, physiology and anthropology. Later on the theory development was based on individual experiences, practical skills and procedures and empirical data and evidence based practices (McEwen amp; Willis, 2011). Initially it was extremely difficult to comprehend the grand theories, however, as mentioned by Professor Williams (2012) analyzing the grand theories in the context of meta paradigms like human, environment, nursing and health made it quite interesting and simple to understand M. Y. Williams (personal communication, October 12, 2012). The analysis of theories based on the concept development and the logical relationships between the concepts, provides the opportunity to conduct further research in the nursing practice. Grando (2005) described the use of Orem’s theory to guide nursing practice as an example of modern nursing to distinguish nursing from medicine. Grando (2005) successfully implemented a self-care deficit model while treating patients to maintain mental health functioning. She developed a tool based on conditioning of the basic human factors leads to self care requisites like changing behaviors, re framing the habits and managing feelings. Grando (2005) was able to cultivate self care agencies like adequate knowledge, judgment and perception modification to facilitate aintenance of mental health. SCNDT has been successfully implemented in various settings like care of the patient with learning disability. Orem’s model was used in the nursing process to assess the needs of a patient named Sara suffering with Asthma and formulated the nursing diagnosis and care plan based on the needs identified. â€Å"The human needs are categorized into food, air, water, shelter, rest, social interaction, prevention of hazards and maintaining adequate normal function level† (Horan, Doran amp; Timmins, 2004, p. 35 ). The patient was asked to maintain a diary of all the teachings and the interventions to track the progress of the care plan. The conclusion of the study was: It proved as a useful frame work in this situation because Sara was involved in the entire process. From this she became aware of issues relating to her self- care needs and how to meet them. The authors have found that using Orem’s (2001) model in this practice setting has greatly enhanced Sara’s self-care abilities and acknowledgement of deficits plus, preventing possible future problems.

Types of teachers Essay Example for Free

Types of teachers Essay Teachers A teacher could simply be defined as one who teaches, or an individual who imparts information or skill to a person. Different types of teachers have different methods of passing on their knowledge. There are three types of teachers informative, nonchalant and friendly. There are specific teachers for each students and it is the students job to figure out which type of teacher is compatible with their way of learning. First, an informative teacher is the type of teacher that gives students the most information and can be more intuitive as far as teaching. These types of teachers are basically, for students who desire someone who is straight-forward and bestows facts as well as valuable details needed in order to pass the class. Even though this can be vigorous, the student will attain a greater amount of intellect. The downside to informative teachers is that they barely have time to develop a relationship with their students, being that they are spending most their time solely teaching. Second, nonchalant teachers are the types to have most students fall asleep in class. Known to be very mono-toned and apathetic, nonchalant teachers are extremely boring in many opinions. Nonchalant teachers are known to talk slowly, this can happen from a speech impediment, slow thought, or a variety of things. A teacher’s slow speech can be a drag, enough to make them unlikeable if they have no other redeeming qualities. Even though this kind of teacher may be unattractive to most people, students are more likely to learn accurately due to the teachers slow speech. If a student does not learn as quickly as others, it is ideal to have a teacher who speaks slowly to help the students brain process. Finally, a friendly teacher, as the very term suggests, acts like a friend for students. A teacher-friend, in fact, combines both the guidance of a teacher and the understanding of a friend. We all, at some point of time, aspire for an understanding teacher. Such a teacher acts like our friend, philosopher and guide, every teacher should have some friendly traits. Such a teacher is more close to the students and proves to be a better educator as well. Right from the time we embark on our education trip, we come across different types of teachers. Some teachers are friendly, some are nonchalant teachers and some are informative teachers and they have different methods of passing on their knowledge there is where students begin to like the teachers, according to their own individual preferences.

History Of Womens Education History Essay

History Of Womens Education History Essay Over the past twenty years women have made substantial educational progress. The large difference between the education levels of women and men that were evident in the early 1970s have essentially disappeared. Females are more likely than males to attend college after high school and are as likely to graduate with a Masters degree. These gains in educational attainment are due to womens fights for these rights throughout history. These struggles date back to the ancient Greeks, Romans, The Middle Ages, and extend to the Education Amendment Act of 1972 and the Womens Educational Equity Act (WEEA) of 1974 in the United States. In ancient Rome upper class women received education. They were better educated than lower class women and lower class men. They increased their chance for success in managing money, real estate, business affairs and political interest by practicing reading and writing skills. Very few children received an education before the early Republic, but after 300 B.C. child education increased. Children seven to eleven from families who could afford it went to a private elementary school called a ludus. It was a room, most of the time, in the back of a store. There was a teacher who taught Latin reading and writing skills, and arithmetic to only twelve students at a time. At eleven years old, girls either stopped going to school or continued their education at home by their parents or tutors. Most of these girls were getting ready for marriage which usually occurred at fourteen or fifteen years old. Fathers wanted their daughters to receive an education in order to attract a husband that had a higher societal position. However, other fathers just thought education was the right thing to do. Musonius Rufus, who was a philosopher and a teacher in the first century A.D., said: Women have received from the gods the same ability to reason that men have. We men employ reasoning in our relations with others and so far as possible in everything we do, whether it is good or bad, or noble or shameful. Likewise women have the same senses as men, sight, hearing, smell, and all the rest. The Middle Ages or medieval period, 500 ­Ã‚ ­ 1400, began when the great civilizations of Greece and Rome had fallen. In medieval society womens education depended on their socioeconomic class. Women were thought to be inferior to men and were thus treated that way. Educational opportunities for women were slight. Girls were only allowed to receive basic instruction from their mothers, while boys could go off to be tutored, go to church ran schools, or join a guild or burger school to learn an occupation. Most of the schools that girls attended in the Middle Ages were associated with the convents. Girls of the peasant class were taught good manners and domestic chores within the family. Noble born women acquired their education in palace schools and were expected to learn household chores, music, conversation, and the roles appropriate to the code of chivalry. However, in Frankish Medieval Society women were just as educated as men and many women were just as educated as their husbands (Ruth Dean and Melissa Thompson). The most educated women in this period were the nuns. They educated girls in singing, reading, and writing. They also taught them domestic chores like cooking and weaving clothing. Womens education is the greatest reason why women were able to fight for a voice in politics. As more and more females in Europe during the eleventh and twelfth centuries became educated they were able to fight for higher positions politically. Women were also able to take part in intellectual life as listeners, readers and writers. Although education only took place within the wealthier families with private teachers this was a big step in the right direction for womens rights. The women of the middle ages were the first to appreciate a small amount of the freedom in education that women can enjoy today. In the 1800s, the time period before the American Civil War, there were womens rights advocates, such as Elizabeth Cady Stanton and Susan B. Anthony who spoke out for womens educational and political rights. Susan B. Anthony went to a local district school where a teacher declined to teach her long division because she was female and not male. Her father took her out of that school and homeschooled her. He and a teacher educated her and taught her all about womens equality. Elizabeth Cady Stanton, unlike most women of her generation, was formally educated. She went to a co-ed school where she could compete with the opposite sex academically and intellectually. Stanton and Anthony both fought for womens political and social equality. They spoke out against racial and gender inequality and also supported the temperance movement. Catharine Esther Beecher was a teacher and a great contributer in the development of education for teachers and formal education for women in America. She was tutored at home until she was ten years old. She then was sent to a private school where she was only allowed a limited education. This made her want to learn more, so she taught herself the subjects that werent offered to her. She wanted to provide the same educational opportunities to other women. Catharine believed women needed a greater education in order to raise their children to be good citizens, to teach Christian values, and to train other women to become teachers. She wrote a lot on the subject of education for women and girls. She stressed intellectual stimulation, moral education, and physical health. In 1823 she opened the Hartford Female Seminary, and taught there until 1831. She believed that women instead of men should be teachers because they have instinctive qualities that would make them better at it. She felt that women had greater potential if they were educated, and this was the career path that would make them socially useful at a time where opportunities for women were limited. Women are natural teachers because its just a component of their motherly role. Being a teacher would make women financially independent and help shape future generations. The Education Amendment Act of 1972 prohibits sex discrimination in a public education stating: No person in the United States shall, on the basis of sex, be excluded from participation in, be denied the benefits of, or be subjected to discrimination under any education program or activity receiving Federal financial assistance (United States Code Section 20) Also, the Womens Educational Equity Act of 1974 (WEEA), was the changing point in womens education. Thirty three percent of women twenty five to twenty nine attained a bachelors degree or higher in 2007, which exceeded that of men in this age range (twenty six percent). Twenty eight percent of women twenty five and older obtained a bachelors degree or more as of 2007. This rate was up eleven percentage points from twenty years earlier (United States Census). These statistics were only made possible due to women in history that fought for these rights, or people of previous generations who understood how important it was for women to receive an education.

Madness and Insanity in Shakespeares Hamlet - The Sanity of Ophelia Es

The Impact of Madness on Ophelia of Hamlet      Ã‚  Ã‚  Without question, the role of madness in Hamlet is as vital to the plot and the play's success as Hamlet himself; neither the character nor the play would be able to function without the driving (although somewhat sluggish) force that madness represents. The connection of one to the other, of character to condition, is so intertwined and entangled that Hamlet has come to symbolize the particular form of madness (i.e. melancholy brought about by a humoral imbalance) with which he is afflicted. Indeed, any discussion of Hamlet would be grossly incomplete without an examination of the madness (or lack thereof) from which he suffers; similarly, any discussion of melancholy would, perhaps, border on invalid were it to neglect the obvious connection to the world's most famous literary example. What is overlooked, however, are the effects and the drastically different results of the same condition (or at least, a condition that closely parallels Hamlet's) on the play's second mo st confounding character, Ophelia.         Ã‚  Ã‚   Early in the play (Act 1, Scene 2), during the first of many insightful soliloquies (insightful for us as much for him), Hamlet utters, somewhat offhandedly, a summation of his feelings towards his mother's "o'erhasty marriage": "Frailty thy name is woman." Offensive though the quip may be to women of contemporary society (and any not quite passive women of Shakespeare's era), Hamlet's comment was, in many respects, indicative of the prevailing attitude, at least among most men, of the time. Although exceptions to the social system were far from nonexistent (Queen Elizabeth being the most obvious example), women were discriminated against to such an extent... ... New York: Philosophical Library, 1970.   Emerson, Kathy Lynn.   The Writer's Guide to Everyday Life in Renaissance England From 1485-1649.   Cincinnati: Writer's Digest Books, 1996. Heffernan, Carol Falvo.   The Melancholy Muse: Chaucer, Shakespeare and Early Medicine. Pittsburgh: Duquesne UP, 1995. Hoeniger, F. David.   Medicine and Shakespeare in the English Renaissance.   Newark: University of Delaware Press, 1992. Lidz, Theodore.   Hamlet's Enemy: Madness and Myth in Hamlet.   Vision Press, 1975. Lyons, Bridget Gellert. Voices of Melancholy.   New York: Barnes and Noble, 1971. Schiesari, Juliana.   The Gendering of Melancholia: Feminism, Psychoanalysis, and the Symbolics of Loss in Renaissance Literature.  Ã‚  Ã‚   Ithaca: Cornell University Press, 1992. Shakespeare, William.   Hamlet.   Ed. George Lyman Kittredge. Boston: Ginn and Company, 1939.

Welcome To The Underground :: essays research papers

While America sleeps safely at night, safe and secure in their world there is another world taking place, a more dangerous and wild world. A world going on right beneath their noses. Its taking place in their super markets, in empty whare houses, forgotten buildings, parks, and yes friends even there roller skating rinks. Many will never know hear about this world that usually takes place every Friday and Saturday. For it may be safer to not know, for if one knows one may be tempted to want to experience this world. Experiencing this world has been know to alter many lives. For once going underground theres no turning back, this ladies and gentleman this is the world of the Rave...We walked towards the castle drawn like magnets, already sensing the hum of activity that lay inside. Already overly excited from the many energy drinks we had consumed for â€Å"ultimate performance.† My friend explained to me that a man named John Bishop started building this castle single handily along with some help of his family in 1963 and every year he would add something new. It is nestled in the foothills of Pueblo, Colorado and safe from any civilized towns. As my companions and I drew closer the butterflies in my stomach flapped louder and louder. The moon was shining brightly right over our heads the time about midnight I estimated and still our journey had not begun. There were people frolicking everywhere mostly teenagers, but people of all ages. They were dancing and hugging and running around energetically. Mostly dressed in baggy jeans and trippy outfits I saw one girl wearing a see-through plastic skirt with her underwear showing plainly. Others had on doctors masks, carried glow sticks, and some had pacifiers in their mouth, I didn’t know why. Everyone seemed to now everyone else. Except for me of course I knew no one. I looked at myself, jeans and a T-shirt. â€Å"I don’t think Im dressed right,† I whispered to my friend, a so-called Rave expert. â€Å"Don’t worry man nobodies going to care,† he replied. We were now nearing the entrance to the castle, each grabbing our tickets tightly holding them as if they were the golden ticket in Willy Wonka. I handed my ticket to the door man, got a half hearted pat down by the security guard and stepped into the world of the rave.My first thought was, â€Å"What did I get myself into!† People were moving everywhere at a high speed pace flying around like bee’s in a hive.

Heinrich Schliemann Essay -- essays research papers fc

"We could describe (Heinrich) Schliemann's excavations on the hill of Hissarlik and consider their results without speaking of Troy or even alluding to it," Georges Perrot wrote in 1891 in his Journal des Savants. "Even then, they would have added a whole new chapter to the history of civilization, the history of art" (qtd. in Duchêne 87). Heinrich Schliemann's life is the stuff fairy tales are made of. A poor, uneducated, and motherless boy rises through his hard work and parsimonious lifestyle to the heights of wealth (Burg 1,2). He travels the world and learns its languages ("Heinrich Schliemann"), takes a beautiful Greek bride, and together they unearth the treasures of Troy and the citadel of Agamemnon, thereby fulfilling the dream he has chased since childhood (Calder 18,19; Burg 8). Indeed, by presenting his life in romantic autobiographies as a series of adventures, starring Heinrich Schliemann as the epic hero (Duchêne 14), h e ensured his status as a lasting folk hero and perennial bestseller (Calder 19). The reality was that Heinrich Schliemann was an incredible con man, a generally unlikable braggart who succeeded only because of his queer mix of genius and fraudulence. He had a shylock's conscience when it came to business dealings, and his shady methods pervaded both his life and his archaeology (Burg, 15-31). Schliemann had a habit of rewriting his past in order to paint a more dramatic picture of himself. Among the events he reported that have been found to be grossly untrue are his tales of being entertained by the American president Millard Fillmore and his wife in 1851, and his narrow escape from the San Francisco fire of that same year (Traill 9-13). More disturbing is when he applies these tactics to his archaeology. In December of 1981 Professor David Traill, a Latinist, concluded that the "Treasure of Priam", Schliemann's most impressive find at Troy, was actually a composite of several small finds uncovered from beyond the walls of the city. Schliemann had collected the pieces from 1871 to 1873 in order to produce a single find large enough to earn him the respect of fellow archaeologists, and also permission from the British to excavate at Mycenae (Calder 33). Twenty years of research led the Traill to the belief that, "the question is no longer whether but rather t... ...tp://www.astro.virginia.edu/~eww6n/bios/Schliemann/> "Homeric Questions Part III - Archaeology- 9/6/98." The Mining Company, <http://archaeology.miningco.com/library/weekly/aa090698.htm?pid=2765&cob=home>(6 September 1998) Kiernan, Mary K. "Heinrich Schliemann." Lecture at Vero Beach High School, 21 October 1997. Lost Treasures of Troy. BBC, London. 1994 "The Minoan Costume." FirstNet, <http://www.firstnethou.com/annam/costhist.html/minoan.html/index.html> Traill, David. Schliemann of Troy: Treasure and Deceit. New York: St. Martin's Press, 1995. "Troy." Thinkquest Organization, <http://www.thinkquest.org/tqfans.html> "Troy VI." Dartmouth Archaeology, <http://devlab.cs.dartmouth.edu/history/bronze_age/lessons/23.html> "TROY: 4000 year old Ancient City." <http://www.iit.edu/~agunsal/truva/truva/truva.html> "Western Anatolia and the Eastern Aegean." <http://devlab.dartmouth.edu/history/bronze_age/lessons/7.html#9>(3 July 1996)            

Reflective Essay Founded Online, Not Mine Essay

The purpose of writing a reflective essay is to present what you felt and what you reflect after an experience. Readers will discover how you associate with the subject on which you are writing. Your reflective essay can provide your perspective and the lesson you learned from a given experience. A reflective essay must provide a personal perspective, inform of the purpose for creating, and indulge in personal thoughts as well as feelings. A reflective essay must present a purpose or a lesson to be learned from the story. You personalise the creation of a reflective essay by mentioning your role in the event or occurrence. A reflective essay will always provide for varying perceptions by studying the different point of views and aspects (mentioning if a certain decision had gone in another direction) and how you evaluate the experience as a whole. You must feel that the experience or occurrence is worthy of developing a reflective essay on. You must remember each detail and every facet of the story for the exploration of each description. You must mention the significance and the feelings that you have regarding the experience on which you write your reflective essay.

Person Centered Theory by Carl Rogers Essay

Person-centered opening is regarded as one and only(a) of the most popular theories of counseling and therapy since its nurture in the 1940s. Its originator, Carl Rogers originally labeled it as nondirective. The possibleness was intended to offer a distinctive option to the behavioral and psychoanalytic theories that subjugated psychology during the period. At a later time, Rogers expanded the concepts of the process and renamed it guest-centered to destress the nondirective nature and underscore a broad(a) understanding of all the clients dimensions.The person-centered concept evolved as issues relating to equality of participants in the family and a focus on the validating health of people became monumental issues as opposed to unhealthier client status. Person-centered scheme makes possible the expansion of helping situations. before developed as an unmarried process, it has since turn a major convention surmisal. This group focus has expanded into concepts popu lar in education.Rogers most recent feed express the same concepts as ways of transaction with international conflict resolution in an fierceness on promoting world peace. Person-centered scheme places huge(p) emphasis on the individualists ability to move in absolute directions. Practitioners of the theory have a belief in the trustworthiness of individuals and in their innate ability to move toward self-actualization and health when the proper conditions ar in place. fix to these beliefs is the confidence that individuals overly have the cozy resources to move themselves in such unequivocal directions.Finally, a core concept in the theory states that individuals perceive the world in a unique phenomenological way so that no two peoples perceptions of the world are the same. The perception of clients as competent, trustworthy, and forward-moving people who have their feature unique view of the world places great confidence in the individuals ability to control his/he r own positive change. This confidence in the client directs the advocator to picture the conditions for that change.Specifically, there are 3 basic conditions needed to support an individuals natural inclination for positive growth a old(prenominal) relationship with a comparatively congruent individual, sufferance and caring from the counselor, and an consummate understanding on the part of the counselor of the clients phenomenological world. Clients who are provided with these growth conditions volition fix their actualizing tendencies for growth. They will explore their difficulties and natural competencies in this productive environment, which will then slip by to a clearer picture of themselves and their potential.As clients pictures of themselves fuck off more accurate, they become better fitting to act in ways that are most in line with their full-strength self (congruence). This in turn will lead to more self-confidence, self-understanding, and better choices. T he eccentric of the counselor in person-centered theory is to begin with to promote the conditions for change or else than do things to bring about specific changes. Counselors and therapists are expected to maintain a genuine human relationship in which they provide unconditional positive regard to their clients.This demonstrates their trust in clients and support of the process. Much of the work of the person-centered counselor revolves around developing an accurate empathic understanding of a client, impartation that understanding to the person, and working with him/her to expand and crystalize the understanding and its impact on the clients choices and actions. Rogers work initiated much seek on the helping relationship and client gain. The use of taping and transcriptions to evaluate the needful conditions of counseling and mental hygiene received emphasis from research on this theory.A great deal of innovative research in the area of clinical growth was also produced in the development of this theory. However, much of this theory has been integrated into the overall body of the theory, and relatively little research is currently world done in the area. Calls are organism made for potential expansion of the theory and research into its future development. Person-centered counseling and psychotherapy has given much to the field, and professionals continue to emphasize the need for growth of the theory rather than a stagnant use of the theorys many positive contributions.

Julie

BP is a multinational energy concern that has 92,000 employees and operates in one hundred seventy-five countries. When a naked as a jaybird headland executive was recruited internally at BP (Tony Hayward), he promised to make better the companys disappointing performance by right a appearance ever-changing its culture to fit to a greater extent innovative and responsive to its customers. Q How easy do you think it is for a newborn chief executive to trade the culture of an memorial t suitablet quickly?Justify your answer with reference to BP &/or new(prenominal) melodic phrasees that you know. The BP Company has experienced a ample explosion at its Texas City Refinery in 2005, the oil spillage in Alaska in 2006 and besides the disconnection of Mexico explosion in the BP oilfield in 2010, and these occurrences engage had effect on the BPs reputation and the commercial enterprise performance. As a new chief executive officer, Tony Hayward was recruited in June 200 7 and he took over for BPs highly-respected former chief executive officer manufacturing concern Browne.The new CEO of BP whitethorn be able to use his own pointership or anxiety hyphen to change the culture of the organization and to a fault try to help the duty to grow and ameliorate better. However, the extent to which the effectiveness of his way of leading the condescension and how quickly it can be for change to eh tune culture are depends upon different factors. Firstly, Tony Hayward uses the democratic and paternal leadership vogue to manage the business.Hayward was describing as a typical command and control organization that is comparablewise foc apply on cost-cutting and consumed with firefighting. According to the website, Hayward had shared his printing of the culture of the business and three major points with other members of senior management. He stated that the BP is having the leadership drift that probably is too directive and doesnt listen suffici ently well. The top of the organization doesnt listen hard abounding to what the bottom of the organization is saying.BP has a management style that has made a virtue out of doing more than for less which in some cases is okay and might work, but it needs to be managed and deployed with great view and wisdom, and when it isnt, the BP may run into troubles. A nonher thing that Hayward is try to say is that he thinks the BP should think more slightly the sustainment of a piece of equipment for a lifelong term period but non the scam term benefit like cutting the cost, for example, it is not responsible to cut bud stick bys related to safety and maintenance without thoroughly examining the mend on the risk of a catastrophic accident.At the same clock time, Hayward is well known and has experiences in the organization. If the workers can get involved more to the business so that this might lead to better finding making and he also want workers to recover more secure and h appy in their jobs, since he hope to make the business to become more innovative. For example, in changing situations that demand a new way of thinking or a freshly solution, stuff input can be very(prenominal) helpful and valuable.These management strategies may lead the business to perform better, and if the whole business is having more demand to work which on the other words intend to become more responsive to its customers and furthermore, it may change BP to raise it reputation and gain its publics trust again. However, on the other hand, changing the corporative culture of the business can be very uncorrectable and in reality, it take times for the business to get used to the changes in front it moves on to the other arrange of better business performance. There are also some other factors that can work the leadership style.For example, if the employees of BP are more used to the leadership style of the previous CEO, although it is believed that management strategies can significant regularize the whole business, but it might still lead to a bad or worse business performance or the resistance from the employees from accepting the changes in the culture of the business. The CEO of BP may not be able to change the business culture quickly or expecting a sudden change in the innovative ability of the business, most of the strategies take time to result in the good way and become effective for the whole business.Another factor is that because for the natural of the business, like its reputation has been influence by the serious occurrences that happened before and BP had also lost some public trusts, alternatively than trying to change negative aspect, it might be better and easier for them to concentrate on the positive aspects of the business and how it currently operates. Some of the external factors that will influence the leaders ability may be the economic issue like recession, for example, the rapid decisions interpreted at a senior level may be needed to secure the survival of the business during the recession.There are also some problems associated with the change in organizational culture. Firstly, If the establishment of the new objectives and a tutelage statement is not clear or is not accurately reflecting the new values and attitudes that are to be adopted, these new aspects of the business all needed to be communicated to all the employees of BP, otherwise it might lead to a demotivation of the workforce of the whole business.Secondly, if the CEO of BP is unable to change the culture of the business in the quick way because of lack of marking, so they may need to train staff in new procedures and new ship canal of working. If the people believe in the change and interpret the benefits of it, then it will become more welcome to them. In conclusion, it is contingent for a new chief executive to change the culture of an organization and have positive influences if the CEO implement the right strategies and has stage the objects clear and communicate well to the whole business.However, it takes time for the BP Company to accept or get used to the changes of the business culture in a briefly period of time. Therefore, if the CEO is able to avoid the possible negative influences that might affect the change in organizational culture and the factors that might have an impact on the BPs performance, then the new CEO may be able to help BP to improve the companys disappointing performance and deliver the goods its main corporate objectives in the future.