Peggy Fleming Biography of a Figure Skating Champion

Peggy Fleming (born 1948) is an American figure skater, who dominated world championship skating between 1964 and 1968. She won a gold medal at the Olympics in Grenoble in 1968, and then went on to have a long career in professional skating. Fast Facts: Peggy Fleming Occupation: Olympic and professional skater, broadcast journalistKnown For: 1968 Olympics Gold Medal in Figure Skating at Grenoble, FranceBorn: July 27, 1948, in San Jose, California  Parents: Albert and Doris Elizabeth Deal FlemingNotable Television Specials: Heres Peggy Fleming (1968), Peggy Fleming at Sun Valley (1971), Fire on Ice: Champions of American Figure Skating (2001)  Education: Colorado College in Colorado SpringsAwards: 5 U.S. Championships; 3 World Championship; Female Athlete of the Year, Associated Press, 1968Spouse: Greg JenkinsChildren: Andrew Thomas Jenkins, Todd JenkinsNotable Quote: The first thing is to love your sport. Never do it to please someone else. It has to be yours. Early Years Peggy Gale Fleming was born on July 27, 1948, in San Jose, California, one of four daughters of newspaper press operator Albert Fleming and his wife Doris Elizabeth Deal. Her family moved to Cleveland, Ohio, where at the age of nine she began skating, winning her first competition at age 11.   Her family returned to California in 1960 and Fleming began training with coach William Kipp. In 1961, a plane outside of Brussels on its way to a World Championship competition crashed, killing 72 people, 34 of whom were members of the U.S. skating team, skaters, coaches, officials, family, and friends. Bill Kipp was among those killed in the crash. A memorial fund was set up after the crash, and Fleming used her part of the award to buy new skates.   Rebuilding American Figure Skating   After the plane crash, the remaining staff of the U.S. Figure Skating Team began rebuilding, and Peggy Fleming was one of the major components. Working with coach John Nicks, she won her first U.S. championship in 1965—her first of five in a row. She was 16 at the time, the youngest U.S. womens champion ever, and would hold that record until Tara Lipinski won her title at the age of 14 in 1996.  To help prepare Fleming for world championships, her father took a job with a newspaper in Colorado Springs so she could afford to train in higher altitudes. She began working with coach Carlo Fassi, attended Colorado College in 1966, and won  her first World Championship in Switzerland that same year.   At the Winter Olympics in Grenoble, France, US Gold medalist Peggy Fleming (center), Gabrielle Seyfert and Hana Makova. Bettmann Archive / Getty Images Peggy won gold, because of what Sports Illustrated called her pretty and balletic, elegant and stylish performance.  She won the only gold medal earned by the U.S. that year.   Titles and Honors Five United States titles, 1964–1968Three world titles, 1966–1968Olympic gold medal, figure skating, Grenoble, February 10, 1968Female Athlete of the Year, Associated Press, 1968U.S. Olympic Hall of Fame Turning Professional Fleming turned professional in 1968 and was soon skating in popular shows such as Ice Capades, Holiday on Ice, and Ice Follies. She was featured in numerous television specials, including Heres Peggy Fleming (1968, which also featured legendary dancer Gene Kelly) Fire on Ice: Champions of American Figure Skating (2001), Christmas on Ice (1990), Skates of Gold (1994) and A Skaters Tribute to Broadway (1998). Her 1971 television special Peggy Fleming at Sun Valley, which included an appearance by Olympic skier Jean-Claude Killy, won Emmy awards for director Sterling Johnson and cinematographer Bob Collins.  In 1983, she  shared a co-starring role with Toller Cranston and Robin Cousins in  Radio City Music Hall’s  Ice, a theatrical dance spectacle of three dozen skaters and a 45-piece orchestra.   In 1981, Fleming became an ABC Sports commentator for skating events in the U.S. and internationally. Her work as a skating analyst, often appearing alongside Olympic gold medalist skater Dick Button, kept her in the public eye throughout the 1980s and 1990s, and in 1994 she was featured in Sports Illustrated as one of the worlds most important athletes of the day.   Family and Activism Peggy married dermatologist Greg Jenkins in 1970, and they had two children, Andy and Todd.   In 1998, Fleming was diagnosed with breast cancer and had a lumpectomy and radiation treatment. She has been active in speaking about early detection and treatment of breast cancer, and she has been a spokeswoman for a calcium supplement. She and her husband owned and ran the Fleming Jenkins Vineyards and Winery in California; they retired in 2017 and returned to Colorado.   Legacy and Impact Fleming has had a long-term impact on the sport of skating and is known for her combination of style and athletic ability. While she was active, she was known for her seemingly effortless performances, combining balletic grace with the eras most difficult leaps. In the 1994  Sports Illustrated article naming her as one of 40 greatest sports figures since 1964, writer E.M. Swift said: She seemed to flow from one element to the next, seamlessly, weightlessly, like something blown about by the wind. She was invited to the White House twice—in 1980, she was the first skater ever invited to perform at the White House, and her appearances and performances inspired generations of U.S. women skaters.​ The first thing is to love your sport. Never do it to please someone else. It has to be yours. Sources and Further Information Peggy Fleming. In Her Place: Inner Views and Outer Spaces. 2000.Peggy Fleming. The Long Program: Skating Toward Lifes Victories. 1999.Peggy Fleming. The Official Book of Figure Skating. 1998.Peggy Fleming. IMDB. 2018.Friedersdorf, Conor. Peggy Fleming and the 1968 Winter Olympics. The Atlantic, February 7, 2018.  Henderson, John. Figure skaters’ 1961 plane crash haunts skating community. The Denver Post, February 12, 2011. (updated February 20, 2018).  Morse, Charles. Peggy Fleming. 1974.Rutherford, Lynn. Peggy Fleming Celebrates 50 Years of Strength and Grace. Team USA. Dec. 20, 2017.Shepherd, Richard F. Stage: Ice at Radio City Music Hall. The New York Times  Feb. 10, 1983.Swift, E.M. 40 Greatest Sports Figures of the Last 40 Years:  Peggy Fleming. Sports Illustrated (1994).  Van Steenwyk, Elizabeth. Peggy Fleming: Cameo of a Champion. 1978.

Pesticides are Not a Solution Essay - 1636 Words

Life is easy for the modern persons. The threat of starvation is not imminent. The days of hunting and gathering are over for the vast majority of citizens thriving in developed nations. If one is hungry they need only go to one of the many supermarkets to purchase food. The day to day has been simplified in so many ways that it is not hard to understand why the base step to that simplicity would be overlooked. Why question a good thing? Why should the public know what their food consists of? With the microwave dinners, pre-cooked deli meals, and the myriad of other processed foods many simply do not take the time to start from the bottom up with their edibles. Even when they do, statistics show that some are not aware of where†¦show more content†¦In individuals, psychologists call such behavior addiction.†(198). The green revolution he refers to is the increase in crop yielding due to the development of pesticides after WWII. Although, pesticides have been u sed worldwide since the 1930’s their success was not fully achieved until this period. Prior to the green revolution crops were produced. The proof is in the history books. Developments in agriculture have been progressive; from the first settlements to develop farmland to the aqueducts of Rome. Had the Mayans been content to wait for the rain the feat of aqueducts may never have been achieved. The same can now be said for pesticides. At one time, pesticides had a place, same as waiting for the rain. If pesticides were not known as the easy fix for crop displacement, imagine the inventions that could solve China’s problem. A report shows that thanks to the reliance on pesticides, China is missing out on crop output. 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Music Pros and Cons Essay Example For Students

Music : Pros and Cons Essay Many issues lie conceding todays music. Parents complain about song lyrics and the message the song sends out to the youngsters of Americas society. Parents try to stop rappers like Mine, Jay-Z, and Jaw Rule from corrupting the minds of children. They say its gives them (children) ideas about drugs and crimes being that they are seeing there idols on TV rap about it. But on question I ask myself is are the parents right or are the rappers rapping the truth. I believe that it is the parents responsibility to kook after their children to guide them and to stay on top of what they are doing no matter what. Rappers like Mine have stated this. In Imines song I am he says they blame it on Marylyn and the heroin, but where were the parents. I believe he is correct in everyday. I believe that the parents are getting upset due to the fact that because they are not doing there Job which is raising kids the TV is doing it for them. Other rappers such as the former Tuba Shaker always spoke the harsh truth about life and the future. Because of this parents became alarmed that their children would grow up to deal drugs and perform illegal operations, Just because a rapper finally expressed how hard life is. If a parent does not want their children to listen to rap music then they should watch them and take responsibility for them instead of blaming it on someone else. Maybe Just maybe when the parents start to do that all the shoot outs in school will stop and the truth wont have to come out. Music : Pros and Cons By Expressway Contributor

Rap Music’s Negative Influence on Society Essay Example

Rap Music’s Negative Influence on Society Essay Rap music have elicited an overindulgence of sexism, substance abuse, violence, suicides that are of exceptional concern in the society posing unparalleled threats to the well-being of mostly the adolescents.Music plays a fundamental element in a society’s edification as well as development of a certain culture. Each member of a society gains familiarity from what they see and hear. Beforehand, what we see and hear has extremely used words, music along with fast-paced animation to achieve learning. Everyone knows concerning the filth in film theatres, radio, porn shops, television, and in magazine racks. Several of the utmost unpleasant and even harmful substances, however, are in music that we listen to. Countless parents are poorly knowledgeable of what rap stars, in particular, are showing to children. Rap music is a problem that has besieged the society from the time it was conceived and eventually some shows exemplify vicious acts that diverse viewers and listeners believ e inappropriate for the society predominantly the youth.Nowadays, violent behaviours in rap music are a predicament in the society. I deem that the rap music promotes sadism and the effects are being inconsiderate and thus widespread. The characters exposed to rap music are commonly children and youth; certainly they are susceptible to imitate what they perceive as well as those that are told by other people. Children who view and hear rap music in which violence is extremely pragmatic, habitually repetitive or with impunity are expected to mimic the lyrics and even the attiude of the rappers. Children with behavioural, emotional, impulse or learning control problems may be more simply influenced by music violence. The impact of music violence, especially in rap music may be directly evident in the behaviour of the child or may float up years later, and the youth can even be affected when the family ambiance shows no propensity toward violence.Ever since the 1980s, rap music has b een characterized to be Anti-Christ-like in our civilization. People make use of bad language in rap music that is why people, particularly the youth, resort to violent crimes. Actually, rap music is characterized as a fashion of pop music comprising improvised rhythms and lyrics performed to a musical auxiliary.Over the years, it has become a mainstream in the music industry. Everybody is listening to it. Most of the content of the lyrics are about crime, street violence and killing. More and more people started rapping about killing people and police brutality with that crime rose to high levels. There are some who took the most disparagement from the public.Dr. Dre was one, who was rapping about drive bys, alcohols, sex with women, and so on. Along with him, he helped out a rising star named Snoop Doggy Dog to be converted into a big star. Snoop released Doggy Style and it was a hit. Snoop was eventually indicted for murder but soon he was found to be above suspicion.   Another is Tupac Shakur. Many say he was the best rapper and the most triumphant. Tupac was in trouble with the community he was in since his foremost album even until now behind his death. He was detained for copious charges such as attempted murder, battery, and rape. In 1994 two 17-year-old youngsters shot some police officers and said they did it for they heard it in Tupacs music.I will not say that some youth would not listen to some rap music and get the incorrect idea, but that also can happen with other kinds of music such as Alternative music. Several groups and bands are well-known for unequivocal music and lyrics but they don’t place much authority in trying to forbid their music. Lots of questions occurred trying to take up for rap music. Does it promote violence? The most frequent answer was yes, and the murder of Tupac Shakur and Notoruis B.I.G. proves it. It would be the truth. You do not ever hear about how LL COOL J created a camp for youth in Brooklyn, or how Puff Daddy contributed ten million dollars to Biggies children.Rap stars are advocating death deviance and abhorrence to the youth, and those youth are responding. The point must be that the recording industry cannot implement privileges without accommodating responsibility, and that parents have a right to identify what is in the music their children may desire to listen to (Dominick, 2005). The industry wants uninformed parents so it can make big money from promoting and selling filthy rap music; the existing administration should not consent to this circumstances to carry on. By any measure, these aspects of popular culture have an enormous effect on moulding and shaping the imaginations of the youth. Yet for some who learn the situation in times of calmness as well as crisis, the predictable parry and thrust media defenders and critics that follow the most recent tragedy frequently raises all the incorrect questions.Without a doubt, something must be done. Most parents are anxious ab out what their young children hear and see, but as children mature, parents give a smaller amount of attention to the videos and music that hold their childrens interest. Sharing experiences about music involving generations within a family can be an amiable occurrence. Music is a major part of a youths separate world. It is fairly ordinary for teenagers to get enjoyment from keeping adults out and causing adults some misery. A concern for many involved in the improvement and expansion of teenagers is the pessimistic and disparaging themes of some various kinds of music, including best-selling albums endorsed by major recording companies.Music lyrics have gone through dramatic changes since the beginning of rap music many years ago. This is an issue of very important interest and concern for parents.   Within the past four decades, rap music lyrics have turn out to be gradually more explicit-predominantly regarding drugs, sex, and violence.Formats in the rap music video are fashio nable among adolescents and children. When the lyrics of any particular song are illustrated in music videos, their potential impact is exaggerated. Teenagers who may perhaps not hear or even understand raps lyrics cannot keep away from the frequently disturbing imagery that distinguish a growing number of videos.The one truth that every one can have the same opinion on is that rap music today contain volumes of graphic lyrics about, or even promoting, suicide, robbery, murder, rape, violence against woman, violence against parents, violence against society, and violence against anyone.Rap music has further superior effects of their message by adding the visual impact of violence and sexually indicative images. The multi-sensory key from rap music videos not only intensifies the entertainment effect of the music, but also underpins the message, distinctively enhancing knowledge.Music is not typically a danger for youth whose lives are contented and vigorous. But if a teenager is tir elessly lost in thought with music that has dangerously negative themes, and there are transformations in behaviour such as loneliness, gloominess, alcohol or other drug abuse, a psychiatric assessment must be considered.   The dispute at this time, relating to rap music and violence has transformed into such a fiery issue wherein a crowd attributes culpability for the crisis to other innocent people. Youth violence will not be critically condensed without violence in other characteristics of our culture being addressed. In the same element, transforming rap music alone will not have much consequence but to pay no attention to it will make efforts on other fronts less flourishing.

Kantian Philosophy Of Morality Essays - Kantianism, Free Essays

Kantian Philosophy Of Morality Essays - Kantianism, Free Essays Kantian Philosophy of Morality Kantian philosophy outlines the Universal Law Formation of the Categorical Imperative as a method for determining morality of actions. This formula is a two part test. First, one creates a maxim and considers whether the maxim could be a universal law for all rational beings. Second, one determines whether rational beings would will it to be a universal law. Once it is clear that the maxim passes both prongs of the test, there are no exceptions. As a paramedic faced with a distraught widow who asks whether her late husband suffered in his accidental death, you must decide which maxim to create and based on the test which action to perform. The maxim "when answering a widow's inquiry as to the nature and duration of her late husbands death, one should always tell the truth regarding the nature of her late husband's death" (M1) passes both parts of the Universal Law Formation of the Categorical Imperative. Consequently, according to Kant, M1 is a moral action. The initial stage of the Universal Law Formation of the Categorical Imperative requires that a maxim be universally applicable to all rational beings. M1 succeeds in passing the first stage. We can easily imagine a world in which paramedics always answer widows truthfully when queried. Therefore, this maxim is logical and everyone can abide by it without causing a logical impossibility. The next logical step is to apply the second stage of the test. The second requirement is that a rational being would will this maxim to become a universal law. In testing this part, you must decide whether in every case, a rational being would believe that the morally correct action is to tell the truth. First, it is clear that the widow expects to know the truth. A lie would only serve to spare her feelings if she believed it to be the truth. Therefore, even people who would consider lying to her, must concede that the correct and expected action is to tell the truth. By asking she has already decided, good or bad, that she must know the truth. What if telling the truth brings the widow to the point where she commits suicide, however? Is telling her the truth then a moral action although its consequence is this terrible response? If telling the widow the truth drives her to commit suicide, it seems like no rational being would will the maxim to become a universal law. The suicide is, however, a consequence of your initial action. The suicide has no bearing, at least for the Categorical Imperative, on whether telling the truth is moral or not. Likewise it is impossible to judge whether upon hearing the news, the widow would commit suicide. Granted it is a possibility, but there are a multitude of alternative choices that she could make and it is impossible to predict each one. To decide whether rational being would will a maxim to become a law, the maxim itself must be examined rationally and not its consequences. Accordingly, the maxim passes the second test. Conversely, some people might argue that in telling the widow a lie, you spare her years of torment and suffering. These supporters of "white lies" feel the maxim should read, "When facing a distraught widow, you should lie in regards to the death of her late husband in order to spare her feelings." Applying the first part of the Universal Law Formation of the Categorical Imperative, it appears that this maxim is a moral act. Certainly, a universal law that prevents the feelings of people who are already in pain from being hurt further seems like an excellent universal law. Unfortunately for this line of objection, the only reason a lie works is because the person being lied to believes it to be the truth. In a situation where every widow is lied to in order to spare her feelings, then they never get the truth. This leads to a logical contradiction because no one will believe a lie if they know it a lie and the maxim fails. Perhaps the die-hard liar can regroup and test a narrower maxim. If it is narrow enough so that it

Using Social Media to Dramatically Boost Your Efficiency [PODCAST]

Using Social Media to Dramatically Boost Your Efficiency [PODCAST] Reposting your best content on social media is a best practice: the conversions and conversations are like gold. You might be wondering about the best way to go about re-sharing content. Today, we’re going to be talking to Christin Kardos, the social media and community manager at Convince and Convert, the #1 content marketing blog in the world, according to Content Marketing Institute. Today, we’re going to talk about evergreen content, how to capitalize on incredible opportunities, and thought on whether social media automation is the right tool for you to increase productivity. You won’t want to miss today’s show! Information about Convince and Convert and what Christin does there. Evergreen content: What it is and how to leverage it to your advantage. How you can tweak and update your content to make it rank for certain keywords. Best practices when it comes to sharing previously published content. What content curation is and how Christin handles it at Convince and Convert. Thoughts on balancing your own content and others’ content, as well as why it’s important to focus on quality first and foremost. The benefits and potential downfalls of social media automation. Christen’s best advice for marketers wanting to get started with automation and reposting content. Links and Resources: Christin on Twitter Convince and Convert 105 Types of Content to Fill Your Editorial Calendar Feedly Pocket Send a Screenshot of Your Review Here If you liked today’s show, please subscribe on iTunes to The Actionable Content Marketing Podcast! The podcast is also available on SoundCloud,  Stitcher, and Google Play. Quotes by Christin: â€Å"Rule number one is if it’s not good, don’t share it.† â€Å"We focus on the â€Å"and therefore† aspect when we share content there are others who are actually the newsbreakers.† â€Å"Being useful is the best thing you can do.†

Does Friedrich Nietzche say the Buffalo Story is true or not ( Based Essay

Does Friedrich Nietzche say the Buffalo Story is true or not ( Based on his idea of truth ) - Essay Example Nietzsche’s precepts can in fact be brought in directly to analyze the issues raised by O’Brien. The concept of truth remains an ambiguous one, even after centuries of introspective inspection on it from many philosophers. Friedrich Nietzsche, who scorned the abundance of European theories related to the nature of truth and reality that have come especially from England and Germany, tries to bring in some unique reflections on the topic in his essay. Defying the necessity to define truth, he rather deconstructs the concept of truth, emphasizing the deceptive, self-conceptual existence of humans and their understanding of the world. O’Brien’s attempt is to delimit his analysis of truth to war stories. He observes that â€Å"[I]n any war story, but especially a true one, it’s difficult to separate what happened from what seemed to happen. What seems to happen becomes its own happening and has to be told that way†. Recounting the death of a young soldier named Curt Lemon and the responses to it by a few other soldiers, including his best friend Bob Kile y aka Rat, and comrades Mitchell Sanders and the narrator himself. What links O’Brien’s observations on the possible narrations of a true war story with Nietzsche’s views is the skepticism that prevails. Nietzsche develops in his essay the idea of human existence and survival in relation to the concept of the deceptive nature of truth, or reality, in the time-space configuration they inhabit. It begins with a putative reference to the diminutive, momentary, insignificant nature of the place human beings inhabit in this universe, which they ironically perceive to be a gigantic, everlasting, all-consuming one. The nature of truth, when one attempts to perceive it in a hypothetical stance that transcends the here and now is a relative one, always constructed in a subjective conceptual framework. The desperate attempts of those who try to narrate a true war story have to fight with

What were the main features of Russian economic backwardness Essay

What were the main features of Russian economic backwardness - Essay Example The more backward the economy is the higher level of production and enterprise is; the higher the dependence on borrowed instead of indigenous technologies is; the higher the prominence of the production of producer groups compared to consumer goods is; the higher the emphasis on capital-intensive rather than labor-intensive production is; the bigger the dependence on productivity growth is (Gerschenkron 1962, p.6). In approaching the economics of Tsarist, Russia one encounters two remarkable and entirely opposite features of the Russian economy at that period, namely: a) the industrial â€Å"boom† of the 1880s and (2) the economic backwardness of 1914. Economic historians attest to the fact that in the period ranging between 1891 and 1900 Russian economy did grow (Spulber 2003, p.33). This period details the period of industrial boom within Russia and featured the period at which the industrial output of Russia rated among the highest. During this period, majority of the indu strial areas were growing speedily whereby the â€Å"Tsarist empire, Europe’s biggest economy has by 1900 displaced France from 4th position within the world iron production and had raked 5th position within steel output (Goldsmith 1961, p.441). The railway system rose in mileage by 87% in the period 1892-1903 while oil extraction tripled in the period 1887-1898. These were evidently significant achievements of Russian economic planning, especially the Russian finance minister of the time. At the period, from 1892-1903, the finance minister attempted to do his best to improve Russia in both fiscal and industrial capacity to be at par with other European powers and the entire government awarded support in this endeavor. Russian government was eager to foster industrialization since (1) the market featured deep control from the state (2) the expansion of heavy industry enabled a speedy catch-up, speedily covering the gap that manifested within the country’s economy, and (3) the industrialization enhanced the overall military capability of Russia. Nevertheless, the massive project demanded enormous investments. The investments demanded entailed: (a) the capital resource investments, (b) workforce investment, and, (c) knowledge capital investments. With regard to capital investments, Russia was unable to avail capital investments in adequate quantities and, as a result, foreign investments were broadly encouraged. Ultimately, some of the industries fell into the hands of the foreigners (Goldsmith 1961, p.442). By the start of the Crimean war, Russia featured as the world’s largest debtor nation. The war can be regarded as one of the core obstructions that hindered the progress of Russia economically. This detailed one of the core reasons for Russia’s further incapability to keep the pace of the â€Å"boom† given that significant energy and finances directed towards supporting the war against Britain and France (O'Brien 1998, p.2 27). With regard, to workforce investments, the rapid pace of industrial development owed much of its accomplishment to the common working people, frequently regular peasant who went to the cities to seek new industrial jobs (Gregory 1973, p.486). The flow of the labor force from the villages to the cities yielded a highly unbalanced economy. The Russian economy at this period cannot be likened to a plan of a system. As Alexander Gerschenkron outlines it, this economy of industrialization was fundamentally a â€Å"powerful spur† out of backwardness (Gerschenkron 1962, p.5). The Main Features of Russian Economic Backwardness The economic successes that Russia experienced then (after 1914)were practically unsustainable owing to a number of reasons, namely: (1) originally, the full-scale Russian industrialization

Hofstede Cultural Difference Critiques Essay Example for Free

Hofstede Cultural Difference Critiques Essay Arguably, Hofstede’s work (1980, 1997) represents a pioneering approach of culture as a way of comparing international management frameworks. First of all, prior to offering any evaluations in regards to McSweeney’s criticism (2002a/b), it is crucial to identify the nature of Hostede’s work within the entire sphere of the culture approach itself. In contrast to the guarantors of the emic approach , whose main concepts tend to discard the equalization and standardization of dimensions in national cultures’ comparisons, the pillars of Hofstede’s work, which belong to the etic approach , are based on 5 dimensions whereby national differences are then measured. In other words, from the emic standpoint it is also arguable that the etic research methodology, as aiming to identify equalities among national differences, would risk throwing out the baby with the bath water . On the other hand, from the emic perspective, dividing the culture into a set of defined scopes stands as the only way to actually enable researchers to compare cultures . Having briefly introduced the shortcomings related to both approaches, McSweeney’s critiques can now be narrowed down to a specific scope, which is mainly encompassed with Hofstede’s research methodology. Research Validity  In light of the importance for any researches to provide clear definitions on the specific research concepts and key words, the first part of this essay will evolve on contextualizing the meaning of culture within Hofstede’s work, thus, giving ground to McSweeney’s relevant sources of criticism. Geert (1980) has defined culture as the collective programming of the mind distinguishing the members of one group or category of people from another. McSweeney essentially critiques Hofstede’s adoption of nations as means of cultural comparisons, scorning the territoriality uniqueness of culture in primis. In regards to this issue, Hofstede in a second stage (2002: 1356) acknowledges that nations are not the ideal elements for studying cultures, yet this is the only way researchers could have access to comparable units. Predictably, thousands of other author’s contributions in regards to the definition of culture would make this argument even more complex. For the sake of this analysis, emphasis would be given to the arguments in regards to the research methodology. Research Reliability: Research Sample The first criticism which may arise is likely to involve the representativeness of Hofstede’s research sample. In more details, he argues that 117,000 questionnaires for two surveys, covering 66 countries would be enough to ensure the research reliability. From my point of view, McSweeney’s critiques result founded when analysing the sampling framework in more details. CountryNumber of Respondents for Each Country Belgium, France, Great Britain, Germany, Japan and Sweden (6 countries)More than 1000 Chile, Columbia, Greece, Hong Kong, Iran, Ireland, Israel, New Zealand, Pakistan, Peru, Philippines, Singapore, Taiwan, Thailand and Turkey (15 countries)Less than 200 [Tab. 1] As it can be seen by the table (Tab. ), in 15 countries the sample size is composed by less than 200 respondents, which results to be extremely small compared to other countries with over 1000 respondents. To couple this argument, McSweeney discusses about the narrowness of the population surveyed as respondents were all IBM employees, mainly involved with the marketing and sales departments. Hofstede’s reply ( 2002), stating that this sample’s framework had only been used in order to isolate the national culture differences from both the organizational and occupational culture, seems however to give rise to other arguments. As McSweeney’s (2002a: 95-99) argues, respondents’ cultural framework is made up by three non-interacting and durable levels of culture (Tab. 2). At the first level, the assumptions which would free this model from any shortcomings would be that there is only one IBM culture and that there is also a common worldwide occupational culture for each job (Hofstede 1980a: 181). What are these assumptions based on? According to McSweeney (2002a: 96), these assumptions are â€Å"too crude and implausible to underpin Hofstede’s emphatic empirical claims† . Following the thread of his argument we come across a situation where assuming that an IBM employee, whether in a developed USA head office or a new opened branch office in Pakistan, will possess the same identical organizational and occupational culture does become hard to encompass. In response to this argument, Hofstede acknowledges that considerable differences exist at the â€Å"organizational level† (1991: 93), yet it redefines the entire organizational culture as a mere set of â€Å"shared perceptions of daily practices† (1991: 182-3), therefore distancing from the early-stage value-based definition. According to McSweeney (2002b), this is only a failed attempt to deliver a straightforward concept and definition of organizational culture. Back to Culture Hofstede’s vision of culture is often linked to two different concepts, unique national tendency and central tendency, respectively. In the first case, as pointed out by McSweeney, the national uniformity which Hofstede claims to have found, results to have no valid grounds as it derives from a very specific micro-level (IBM). Secondly, in regards to the claimed average tendency, the heterogeneity of questionnaires’ responses completely contradicts this conceptualization at the first place. As cited from Jacob (2005), â€Å"if exceptions to the rule are as numerous as the rule itself† to what extent could predictions based on that rule be reliable? In many countries, McSweeney argues, the typical IBM employee would at a high extent diverge from the general population. That is to say that an IBM employee in Taiwan would not necessarily reflect Taiwan’s population average individual, especially when we are talking about someone who holds a managerial position in a multinational firm. This concept brings us to another aspect of McSweeney’s criticism (2002a:92), â€Å"culture treated as a mere epiphenomenon, completely casual†, as conceptualized by Hofstede, it would look like something which moves along the history â€Å"enduring†, yet it is not subject to radical changes due to fluctuating social, economic and institutional trends (Tab. 3). Questionnaire and Dimensions Arguably, the questionnaire itself also presents some limitations. Firstly aimed to investigate the employees’ morale at IBM, it also resulted to reflect some values that, for Hofstede, could have been used to unveil the national cultural differences’ myth. Citing one of his research questions, â€Å"How long do you think you will continue working for this company? †(1980 Appendix 1) , it is obviously clear there would be differences in whether this question is being asked in a country, say, the USA, with plentiful employment vacancies, or in a country, say Thailand where at the time of the research the unemployment rate was comparatively high. Under these circumstances, it is extremely hard to assume that the respondents were not influenced by other social, political and institutional factors (See Tab. 3). Therefore, his research’s entire reliability could be easily questioned on this basis. Despite ensuring the confidentiality of respondents’ answers, employees’ foreknowledge of the end objective of the survey might have easily encouraged them to assume a more positive attitude in order to support their divisions’ reputation. Arguably, the responses analysed by Hofstede were situationally restricted (McSweeney, 2002a: 107). In more details, the questions only reflected values related to the workplace, furthermore the surveys were exclusively directed within the workplace and were not tested in non-work place locations for both same respondents and others. In light of the first purpose of the questionnaire, it is spontaneous to raise a question in regards to the validity of the dimensions found by Hofstede. Could it be possible that a specialized study in cultural differences would have delineated different dimensions? In his response, Hofstede acknowledged that, although there may be some other dimensions equally important for the structuring of a comparative cultural analysis, relative questions were simply not asked. McSweeney with reference to Triadis (1994) argues that bi-polar dimensions of national cultures should not be comprised of opposite poles (for example: Individualism – Collectivism), but depending on the situations they could coexist. Under these principles, the work of Schwartz (1992) appears to give a comparatively dynamic dimensions’ disposition. History and Research Validations In the last section of his book, Hofstede (1980: 326- 331) includes some historical and contemporary events which he states would validate his research findings. However, McSweeney (2002b) argues that these stories reveal nothing but justifications, leaving out the basics for an accurate confirmation. According to his analysis, Hosfstede’s assertion, â€Å"the more masculine a culture the more antagonistic are industrial relations, is flawed as the trends for working days lost in industrial disputes , in both Spain and the UK, result to vary enormously over time. In other words, we could argue that these fluctuations are highly influenced by political, economic and institutional changes. In the case of industrial relations’ disputes in Spain, after the death of Spanish dictator Franco in 1975, the level of working days was subject to a huge increase. Hofstede’s findings have also been validated by other studies, reflecting the same national cultural differences . This is one of the reasons why Hofstede’s work has so far been used in many disciplines as pioneer of the cultural approach in the sphere of comparative international management. Under these circumstances, as Hofstede states (2002 p. 1358), it is just not all about faith in his research, but it is the willingness of the society to accept his work as something which could be taken to a step further. In some cases, institutional factors, history, politics and economy do provide better explanations in this field, yet as Hofstede would argue, the cultural perspective does have his validity as it offers a complete different view on values embedded by people which do have an influence on their daily lives. Conclusion Arguably, some of Hofstede research framework’s features, especially the ones related to his research methodology, do present various shortcomings. However, the overall importance of cultural approach for national differences should be seen as undeniable (Koen, 2005). Nevertheless, it is worth pointing out that after all, the main argument merely evolves on Hofstede’s claims to have â€Å"uncover[ed] the secrets of entire national cultures† (1980b: 44). Despite his book title narrowing the scope of its findings down to the work-place, â€Å"Culture’s Consequences: International Differences in Work-Place Values†, Hofstede, in many of his publications, seems to overestimate his findings. It is extremely important to acknowledge and appreciate the enormous contribution that Hofstede has made to the entire society’s understanding of international cultural differences. On the other hand, it is also crucial to stay away from the â€Å"taken for granted† approach when coming across such a complex topic. As mentioned in the preface, etic and emic approach despite having a different vision on how to measure and analyse culture, they could still be seen as two complementarities which could be extensively used for a more thorough research. In addition, although admitting that limitations in research methodology do hamper the objectivity of findings, the etic approach still stands as the unique way to allow researchers to obtain comparable quantitative data. I do also appreciate the contributions made by McSweeney, whose criticisms have enabled me to adopt a more critical line of thought in analysing this interesting topic. At some extent we could assume that Hofstede’s research is still a â€Å"work in progress†, eventually other advocates of the etic approach will take it to a more universal level, as some of other authors in this field have already done. I would like to conclude this essay with a quote from McSweeney (2002a: 90), when he states that Hofstede’s work could be dismissed as a misguided attempt to measure the unmeasurable .

College Education Purpose Essay -- Education University Degree Essays

College Education Purpose Before World War II, attending college was a privilege, usually reserved for the upper class, but, in today’s society scholarships, grants, and loans are available to the average student which has made pursuing a college education a social norm. Norms are usually good, they help keep society run in an organized manner by sharing common rules and values. But, when pursuing a college education becomes a norm, it does more destruction than good. For a lot of students, a major reason for attending college is because their parents tell them it’s the thing to do to become successful in life. These eighteen year olds who had virtually no say in what they wanted to study in high school are now ask â€Å" what is your major?† or better yet â€Å"what do you want to do for the rest of your life?† This is a big question, and most have no idea what they want to do. So, in a state of confusion they instinctively choose to study in a field that will benefit them economically when they graduate. Is this what a higher education means, to go through college fixed on the money? Or, is there a deeper meaning to it all, if so how can it be obtained? These are the sort of questions that need to be asked when considering going to college. To get a sense of what an education was intended for we must look at the ancient Greek society. The philosophers like the Sophist, Socrates, and Plato were a major part of the Greek society and the rest of the world. Take the Sophist for example, these scholars who would, for a fee, travel to give public lectures on such subjects as math, grammar, rhetoric, ethics and science. For the citizens, lectures were not only an educational experience, it was also considered a form of ... ...s, so, basically it is up to us to make that change. Now, I’m not talking about a revolt, at least not in the traditional sense. I suggest jumping the track and exploring what is out there in the world before deciding what you want to do for the rest of your life. This is what I had to figure out for my self. When I was a freshman majoring in business, and I was miserable because I had no interest in the classes I was taking, so I dropped out. I spent the next two years traveling, and somewhere in those two years I realized that photography was what I wanted to pursue. The funny thing was since I was about six I’ve always wanted to be a photographer, but I didn’t realize it because I didn’t stop to really think about what I truly wanted to do. I realize that I’m not going to make the big bucks, which is OK because you can’t put a monetary value on happiness.

Nursing Home And Law Essay

A report from the United Press International last December 19, 2007 reveals that between 2000 and 2006, there has been a significant increase in the number of serious reprimands for dangerous conditions among nursing homes in the United States. The report indicates that part of the reason to the increase is the rigorous enforcement of activities in handling patients. It has also been reported that citations of physical or sexual abuse of patients as well as insufficient medication have a significant role in the increase (Barbee, 1991). The issue of the increase in the number of serious reprimands has a strong relationship with the nature, sources and functions of the law. The increase in the number of causes for the serious reprimands have a large share in analyzing the legal measures relevant to the reprimands and preventive measures taken. If the number of causes are decreased or totally removed, then there is strong reason to believe that the reprimands will also be loosened as much as the situation requires. The known way for putting a decline to these reprimands is through the law. Apparently, the law does not only look after the serious reprimands; it also looks after the causes for these reprimands as we shall see (Barbee, 1991). Analysis In its entirety, the law seeks to provide security for the welfare of the people. It does not seek to promote an unfair advantage nor does it seek to jeopardize the lives of individuals regardless of age or gender. A large number of patients in nursing homes are the elderly who are nearing the dawn of their lives. Given their physical status, one cannot find it reasonable to handle the elderly with rashness or with rigorous enforcement of activities (Murtaugh, Kemper and Spillman, 1990). On the contrary, the elderly should receive TLC—tender, loving care. If there are no existing laws which specifically sanctions these behaviors, then it is about time that the legislative agenda of the nation include concerns for the elderly in nursing homes. Moreover, should the law zero-in on the issue pertaining to the handling of the elderly in nursing homes, the law should make clear any exclusion to the rule or other exceptions that may be granted. Otherwise, the legal sanctions may apply to cases which may not necessarily be attributed with the intention of causing more harm than doing any good to the elderly patient. For instance, the law should make it clear that there are cases where the family of the patient decides to give the employees or doctors of the nursing hospital full control of the situation of the patient (â€Å"Serious nursing home violations rise,† 2007). In certain extreme cases where the patient is unable to make rational decisions and where the family has very minimal or little knowledge on what best suits the patient, doctors are given the power to decide what is best for the patient. In this process, it is not impossible that the patient may be harmed. The law should also acknowledge the fact that there are also cases where the patients themselves are the cause of the harm that they experience. As hospital administrators, however, the employees and staff of the nursing hospitals have the responsibility to ascertain that the patients are safe from external harm and from harming themselves. Yet the probability of instances where patients cause harm to themselves is not far behind. For the law to address these possibilities, it should be narrow enough to pin down precise cases yet broad enough to encompass cases where negligence on the part of the hospital administrators can be charged and filed as a peripheral case (Barbee, 1991). Further, the law should also be clear in defining the terms involved, such as what counts as ‘rigorous enforcement of activities’ or what is to be classified as ‘proper nursing care for patients’. Although interpretation of the law, especially during court proceedings, has become integral in the due process of the law, it cannot be the case that there can be no coherent interpretation of what the law and its sanctions imply or the reasons why laws for nursing homes were or will be created. On the contrary, the very fact that a law is created indicates that it has its purpose, and legislators of such a law most likely know the purposes behind the legislation of these laws. Unless the very purpose of the law regarding the treatment patients receive in nursing homes become clearly defined or sufficiently explicated, several inconsistencies and vague pronouncements are most likely to follow (Murtaugh, Kemper and Spillman, 1990). Why is there the rigorous enforcement of activities in handling patients in nursing homes in the first place? There are many factors that can be considered. First, it can be the case that the staff of the nursing home may be new and unfamiliar with the ethics in professionally handling the needs and medications of the patients. Second, the employees may have a limited knowledge on the physical condition of the patient or on the sickness of the patient. Third, the records of the patients may have indicated that the patient needs certain types of activities without specifying the frequency of the activity. Lastly, the nursing home might be lacking in terms of advanced medical equipment and other medical machines. And to compensate for such a ‘lack’, the nursing home administrators may have reverted to increasing the amount of activities above normal (â€Å"Serious nursing home violations rise,† 2007). Why is there a need for laws which cover sanctions for certain ways of handling patients at nursing homes? Part of the reason to this is the observation that there are nursing home employees who take advantage of their patients in many ways; one having been reported is physical or sexual abuse. The laws provide a means not only to proscribe certain behaviors from nursing home employees but, more importantly, to draw the fine line between professionalism and abuse of work responsibilities. Conclusions and further remarks It is a fact that a number of laws are first proposed in the legislative body of the government. But even more basic to this is the fact that a number of these proposals come from the demands of the people such groups that as lobby for laws which can directly affect their cause (Barbee, 1991). Certain tends in the contemporary society can also prompt the legislative body of the government to create laws which address these trends. For instance, the massive boom of immigration in earlier times led numerous countries to pass laws which control immigration of individuals. As for the increase in the number of cases pertaining to the rigorous enforcement of activities in handling patients, it is no wonder that there has been a corresponding increase in the number of serious reprimands for dangerous conditions among nursing homes. The United Press International report divulges the critical increase in the number of serious reprimands for dangerous conditions among nursing homes in America (â€Å"Serious nursing home violations rise,† 2007). The rigorous enforcement of activities in handling patients has an undeniable contribution in the increase although what remains debatable is the question of whether the existing laws have enough coverage over the ways in which nursing home employees take care of their patients. The citations of physical or sexual abuse of patients as well as insufficient medication are clear indicators that the problem in nursing homes is real and requires attention from the legislative body of the government. The nature, sources and functions of the law have a role to fit in the case of the patients situated in many nursing homes in the country. The increasing number of patients in nursing homes is perhaps the strongest indicator that, while the nation may lack solid efforts in surmounting patient-related incidents of harm, the law is yet to efficiently and effectively be put into action. References Serious nursing home violations rise. (2007). Retrieved January 20, 2008, from http://www. upi. com/NewsTrack/Top_News/2007/12/19/serious_nursing_home_violations_rise/9034/ Barbee, G. C. (1991). The Nurse, the Nursing Home, and the Law. The American Journal of Nursing, 61(8), 84-86. Murtaugh, C. M. , Kemper, P. , & Spillman, B. C. (1990). The Risk of Nursing Home Use in Later Life. Medical Care, 28(10), 952-962.

Credit Creation

SANDHYA DWIVEDI ROLL NO: 60 SUBJECT: CENTRAL BANKING CREDIT CREATION AND MONEY SUPPLY PROJECT SUBMITTED TO PROF. RASHMI CREDIT CREATION Credit creation is one of the important functions of a commercial bank. It constitutes the major component of money supply in the economy commercial banks differs from other financial institutions in this aspect. Other financial institutions transfer money from the lenders to the borrowers. Commercial banks while performing the same function, they create credit or bank money also. Professor Sayers says, â€Å"Banks are not merely purveyors of money, but in an important sense, they are the manufacturers of money†. The process of credit creation occurs when banks accepts deposits and provide loans and advances. When the customers deposit money with the bank, they are called primary deposits. This money will not be withdrawn immediately by them. Hence banks keeps a certain amount of deposits as reserves which is known as cash reserve ratio and provide the balance amount as loans and advances. Thus, every deposit creates a loan. Commercial banks give loans and advances against some security to the public. But the bank does not give the loan amount directly. It opens an account in the name of the borrower and deposits the amount in that account. Thus, every loan creates a deposit. The loan amount can be withdrawn by means of checks. They create deposits while lending money also. These deposits created by banks with the help of primary deposits are called derivative deposits. Customers use these loans to make payments. While paying they issue a checks against these deposits. The person who receives the checks, deposit it in another bank. For that bank, this will be the primary deposit. A part of the deposit will be kept as a reserve and the balance will be used for giving loans and advances. This process is repeated by other banks. When all the banks involve in this process, it is called Multiple Credit Creation. This can be explained with an example. Suppose, if a person deposits Rs. 1,000/- in a bank. Rs. 1000/- is the primary deposit. The minimum cash reserves ratio is 10% to meet the demand of its depositors. Now the bank can lend out Rs. 900/- i. e. Primary deposit – Cash reserve = Derivative deposit. Rs. 1, 000 – Rs. 100 = Rs. 900 (10% of 1000 is Rs. 100) The bank will give the amount to his creditor only in his account which is opened in his name. The borrower can deposit the amount with the bank. The bank can lend out Rs. 810/- out of Rs. 900/-, which has come back to the bank in the second round as primary deposits. This process will continue and if there is no cash leakage the credit creation would be processed as in the below figure: [pic] This process can be explained with a formula. Total credit created = Original deposit x Credit multiplier co-efficient. Credit multiplier co-efficient = 1/CRR x 1/10% = 1/10/100 = 10 Total Credit created = 1000 x 10 = 10000 If CRR rises to 20%, the credit created will be 1/20/100 = 100/20 = 5 So 1000 x 5 = Rs. 5000/- It is clear, that the amount of credit created depends upon the cash reserve ratio. Higher the CRR, lesser will be the credit created and vice versa. Limitations: ? Credit creation depends upon the amount of deposits. ? There exists an inverse relation between credit creation and cash reserve ratio. During inflation the CRR will be high to reduce credit. ? Banking habits of the people are well developed; it will lead to expansion of credit. ? Loans are sanctioned by banks against some security. If enough securities are available, then credit creation will be more and vice versa. If all commercial banks, follows a uniform policy regarding CRR, this credit creation would be smooth. ? If the liquidity preference of the people is high, the credit creation will be less and vice versa. ? If business conditions are bright then demand for credit will be more. ? Customers should be willing to borrow from the banks to facilitate credit creation. ? Credit control policy of the Central Bank, for example during the depression, the RBI encourages the commercial banks to expand credit. CONCLUSION:- To conclude, we can say that credit creation by banks is one of the important & only sources to generate income. And when the reserve requirement increased by the central bank it would directly affect on the credit creation by bank because then the lendable funds with the bank decreases and vice versa. MONEY SUPPLY The total supply of money in circulation in a given country's economy at a given time. There are several measures for the money supply, such as M1, M2, and M3. The money supply is considered an important instrument for controlling inflation by those economists who say that growth in money supply will only lead to inflation if money demand is stable. In order to control the money supply, regulators have to decide which particular measure of the money supply to target. The broader the targeted measure, the more difficult it will be to control that particular target. However, targeting an unsuitable narrow money supply measure may lead to a situation where the total money supply in the country is not adequately controlled. In economics, money supply or money stock is the total amount of money available in an economy at a particular point in time. There are several ways to define â€Å"money,† but standard measures usually include currency in circulation and demand deposits. Money supply data are recorded and published, usually by the government or the central bank of the country. Public and private-sector analysts have long monitored changes in money supply because of its possible effects on the price level, inflation and the business cycle. That relation between money and prices is historically associated with the quantity theory of money. There is strong empirical evidence of a direct relation between long-term price inflation and money-supply growth. These underlie the current reliance on monetary policy as a means of controlling inflation. This causal chain is however contentious, with some heterodox economists arguing that the money supply is endogenous and that the sources of inflation must be found in the distributional structure of the economy. Purpose: Money supply data is recorded and published in order to monitor the growth of the money supply. Public- and private-sector analysts have long monitored this growth because of the effects that it is believed to have on real economic activity and on the price level. The money supply is considered an important instrument for controlling inflation by economists who say that growth in money supply will only lead to inflation if money demand is stable. Convention: Because (in principle) money is anything that can be used in settlement of a debt, there are varying measures of money supply. Since most modern economic systems are regulated by governments through monetary policy, the supply of money is broken down into types of money based on how much of an effect monetary policy can have on that type of money. Narrow money is the type of money that is more easily affected by monetary policy whereas broad money is more difficult to affect through monetary policy. Narrow money exists in smaller quantities while broad money exists in much larger quantities. Each type of money can be classified by placing it along a spectrum between narrow (easily affected) and broad (difficult to affect) money. The different types of money are typically classified as M's. The number of M's usually range from M0 (most narrow) to M3 (broadest) but which M's are actually used depends on the system. The typical layout for each of the M's is as follows: †¢ M0: Physical currency. A measure of the money supply which combines any liquid or cash assets held within a central bank and the amount of physical currency circulating in the economy. M0 (M-zero) is the most liquid measure of the money supply. It only includes cash or assets that could quickly be converted into currency. This measure is known as narrow money because it is the smallest measure of the money supply. †¢ M1: M0 + demand deposits, which are checking accounts. This is used as a measurement for economists trying to quantify the amount of money in circulation. The M1 is a very liquid measure of the money supply, as it contains cash and assets that can quickly be converted to currency. †¢ M2: M1 + small time deposits (less than $100,000), savings deposits, and non-institutional money-market funds. M2 is a broader classification of money than M1. Economists use M2 when looking to quantify the amount of money in circulation and trying to explain different economic monetary conditions. M2 is key economic indicator used to forecast inflation. M3: M2 + all large time deposits, institutional money-market funds, short-term repurchase agreements, along with other larger liquid assets. The broadest measure of money; it is used by economists to estimate the entire supply of money within an economy. Fractional-reserve banking: The different forms of money in government money supply statistics arise from the practice of fractional-reserve banking. W henever a bank gives out a loan in a fractional-reserve banking system, a new type of money is created. This new type of money is what makes up the non-M0 components in the M1-M3 statistics. In short, there are two types of money in a fractional-reserve banking system: central bank money (physical currency) commercial bank money (money created through loans) – sometimes referred to as checkbook money. In the money supply statistics, central bank money is M0 while the commercial bank money is divided up into the M1-M3 components. Generally, the types of commercial bank money that tend to be valued at lower amounts are classified in the narrow category of M1 while the types of commercial bank money that tend to exist in larger amounts are categorized in M2 and M3, with M3 having the largest. The Reserve Bank of India defines the monetary aggregates as: †¢ Reserve Money (M0): Currency in circulation + Bankers’ deposits with the RBI + ‘Other’ deposits with the RBI = Net RBI credit to the Government + RBI credit to the commercial sector + RBI’s claims on banks + RBI’s net foreign assets + Government’s currency liabilities to the public – RBI’s net non-monetary liabilities. †¢ M1: Currency with the public + Deposit money of the public (Demand deposits with the banking system + ‘Other’ deposits with the RBI). †¢ M2: M1 + Savings deposits with Post office savings banks. M3: M1+ Time deposits with the banking system = Net bank credit to the Government + Bank credit to the commercial sector + Net foreign exchange assets of the banking sector + Government’s currency liabilities to the public – Net non-monetary liabilities of the banking sector (Other than Time Deposits). †¢ M4: M 3 + All deposits with post office savings banks (excluding National Savings Certificates). [pic] Link with inflation: Monetary exchange equation: Money supply is important because it is linked to inflation by the â€Å"monetary exchange equation†: MV = PQ †¢ M is the total dollars in the nation’s money supply †¢ V is the number of times per year each dollar is spent †¢ P is the average price of all the goods and services sold during the year †¢ Q is the quantity of goods and services sold during the year where: †¢ velocity = the number of times per year that money turns over in transactions for goods and services (if it is a number it is always simply nominal GDP / money supply) †¢ nominal GDP = real Gross Domestic Product ? GDP deflator †¢ GDP deflator = measure of inflation. Money supply may be less than or greater than the demand of money in the economy In other words, if the money supply grows faster than real GDP growth (described as â€Å"unproductive debt expansion†), inflation is likely to follow (â€Å"inflation is always and everywhere a monetary phenomenon†). This statement must be qualified slightly, due to changes in velocity. While the monetarists presume that velocity is relatively stable, in fact velocity exhibits variability at business-cycle frequencies, so that the velocity equation is not particularly useful as a short run tool. Moreover, in the US, velocity has grown at an average of slightly more than 1% a year between 1959 and 2005 (which is to be expected due to the increase in population, unless money supply grows very rapidly). Another aspect of money supply growth that has come under discussion since the collapse of the housing bubble in 2007 is the notion of â€Å"asset classes. † Economists have noted that M3 growth may not affect all assets equally. For example, following the stock market run up and then decline in 2001, home prices began an historically unusual climb that then dropped sharply in 2007. The dilemma for the Federal Reserve in regulating the money supply is that lowering interest rates to slow price declines in one asset class, e. g. real estate, may cause prices in other asset classes to rise, e. g. commodities. Percentage: In terms of percentage changes (to a small approximation, the percentage change in a product, say XY is equal to the sum of the percentage changes  %X +  %Y). So: %P +  %Y =  %M +  %V That equation rearranged gives the â€Å"basic inflation identity†: %P =  %M +  %V –  %Y Inflation (%P) is equal to the rate of money growth (%M), plus the change in velocity (%V), minus the rate of output growth (%Y). Bank reserves at central bank When a central bank is â€Å"easing†, it triggers an increase in money supply by purchasing government securities on the open market thus increasing available funds for private banks to loan through fractional-reserve banking (the issue of new money through loans) and thus grows the money supply. When the central bank is â€Å"tightening†, it slows the process of private bank issue by selling securities on the open market and pulling money (that could be loaned) out of the private banking sector. It reduces or increases the supply of short term government debt, and inversely increases or reduces the supply of lending funds and thereby the ability of private banks to issue new money through debt. Note that while the terms â€Å"easing† and â€Å"tightening† are commonly used to describe the central bank's stated interest rate policy, a central bank has the ability to influence the money supply in a much more direct fashion. Conclusion: Assuming that prices do not instantly adjust to equate supply and demand, one f the principal jobs of central banks is to ensure that aggregate (or overall) demand matches the potential supply of an economy. Central banks can do this because overall demand can be controlled by the money supply. By putting more money into circulation, the central bank can stimulate demand. By taking money out of circulation, the central bank can reduce demand. For instance, if there is an overall shortfall of demand relative to supply (that is, a gi ven economy can potentially produce more goods than consumers wish to buy) then some resources in the economy will be unemployed (i. . , there will be a recession). In this case the central bank can stimulate demand by increasing the money supply. In theory the extra demand will then lead to job creation for the unemployed resources (people, machines, land), leading back to full employment (more precisely, back to the natural rate of unemployment, which is basically determined by the amount of government regulation and is different in different countries). However, central banks have a difficult balancing act because, if they put too much money into circulation, demand will outstrip an economy's ability to supply so that, even when all resources are employed, demand still cannot be satisfied. In this case, unemployment will fall back to the natural rate and there will then be competition for the last remaining labor, leading to wage rises and inflation. This can then lead to another recession as the central bank takes money out of circulation (raising interest rates in the process) to try to damp down demand.

Free Essays on Effective Leadership

‘Effective Leadership’ Styles I have so many ideas of what an effective leader should be that I often feel overwhelmed and cannot imagine how I will become the ‘ideal’ leader that I want to be. There are many ingredients of effective leadership styles. I have read several books and articles on leadership and management. I have also participated in a few leadership training/education modules offered through my employers. There are many theories on what makes an effective leader. In my research I have discovered that there is many leadership styles and most are effective if used in the right situations. Information on the subject of leadership is plenty with some resources being quite in-depth, but most describe a specific type of leadership. I did find one book that was both easy to understand and made a lot of sense. In the book, Leadership and the One-Minute Manager, the theory and use of Situational Leadership is described. I think that this style of leadership is most effective. It descr ibes that different forms of leadership are needed in different situations. The book defines leadership style as â€Å"how you behave when you are trying to influence the performance of someone else† (p. 46). Therefore, one of the most important ingredients of any leader would be flexibility. The second most important ingredient would be understanding when to use a specific leadership style. The four basic leadership styles described are directing, coaching, supporting and delegating. The directing leadership style would be needed for new hires, or less competent employees that show commitment and a desire to be productive. The employees at this development level would require very clear directions, and a lot of supervision. The atmosphere must be controlled and structured until these employees develop some competence. The coaching style would be useful for existing employees who have lost their sense of commitment. ... Free Essays on Effective Leadership Free Essays on Effective Leadership Effective leadership is comprised of several components and qualifications. Although no one is perfect, our society teaches that we have an insatiable need for self-improvement. Maslov’s hierarchy of needs shows that self-actualization is the highest, yet least achieved level. In my personal need for self-improvement, I, along with my colleague Rasheed Vanpatten, have chosen three aspects of my leadership abilities that are in need of improvement. I CALL MY GROUP COMMUNITY OR ORGANIZATION TO ACT OUT OF VALUES THAT TRANSCEND THE DAY TO DAY. I have come to realize that I quite frequently criticize those who do not act out of admirable values, yet I do not actively encourage change. For example, in instances of a lack of neighborhood pride, I personally do not litter on the street, but I never speak out when I see others that I do not know littering. More often than not, it is because of the concern that public opinions are not always given a warm welcome. I realize that true and effective leaders take a stance to make positive changes despite any possible repercussions. Over the next six months, I plan to improve on this flaw by becoming more involved in my community and my department at work. If a true leader leads by example, then I must do so by providing positive images for them to follow. I HAVE A HEALTHY SENSE OF HUMOR. I LAUGH AT MYSELF AND KEEP CYNICISM AND SARCASM IN REIN. I do not take criticism well. Constructive or otherwise. I realize that I often allow other people’s opinions of me affect my own self-confidence. Effective leaders can accept constructive criticism and utilize it to strengthen their leadership attributes. I am also told that I can be condescending and sarcastic. I think that this comes from my lack of patience. Over time I plan to increase my level of patience and consideration for others feelings by attending an anger management course. By doing so I think that I will become more... Free Essays on Effective Leadership ‘Effective Leadership’ Styles I have so many ideas of what an effective leader should be that I often feel overwhelmed and cannot imagine how I will become the ‘ideal’ leader that I want to be. There are many ingredients of effective leadership styles. I have read several books and articles on leadership and management. I have also participated in a few leadership training/education modules offered through my employers. There are many theories on what makes an effective leader. In my research I have discovered that there is many leadership styles and most are effective if used in the right situations. Information on the subject of leadership is plenty with some resources being quite in-depth, but most describe a specific type of leadership. I did find one book that was both easy to understand and made a lot of sense. In the book, Leadership and the One-Minute Manager, the theory and use of Situational Leadership is described. I think that this style of leadership is most effective. It descr ibes that different forms of leadership are needed in different situations. The book defines leadership style as â€Å"how you behave when you are trying to influence the performance of someone else† (p. 46). Therefore, one of the most important ingredients of any leader would be flexibility. The second most important ingredient would be understanding when to use a specific leadership style. The four basic leadership styles described are directing, coaching, supporting and delegating. The directing leadership style would be needed for new hires, or less competent employees that show commitment and a desire to be productive. The employees at this development level would require very clear directions, and a lot of supervision. The atmosphere must be controlled and structured until these employees develop some competence. The coaching style would be useful for existing employees who have lost their sense of commitment. ...

10 Great Study Tips for Students - EssaySupply.com

10 Great Study Tips for Students 10 Great Study Tips for Students Create a Comfortable Yet Business Like Space to Study If you grew up like many other students, you may have been taught that the ideal study spot is barren and isolated. Old logic said that the place that you studied must be quiet, well lit, away from distractions, and that any background noise was strictly forbidden. Hogwash! Blaring music and leaving your door open to visitors might not be a good idea, however there is nothing wrong or damaging with wanting to study with background music or with people nearby. Tackle the Hard Tasks First Before you begin studying, take a survey of the things you need to work on. Ask yourself which items stand out as being tedious, difficult, or time consuming. Then, focus on those tasks first. After that, you can work through all of the other items on your list with relative ease. After all, you have knocked out the ugliest task. Don't Forget SQ3R Do you remember learning this in elementary school. SQ3R stood for survey, question, read, recite, and review. In other words you survey the textbook to get a basic idea of what you should know, you develop a set of questions about what you will learn, you read the text thoroughly, and then you verbally answer those questions. Finally, you review your notes. Only Study Until You Know the Subject Matter Studying a concept that you already know doesn't make you understand things more, it just steals the chance for you to work on other subjects or just relax. Consider using a flashcard app that will determine facts you no longer need to know. Don't be Ashamed to Access Good Essays Online Sometimes, you simply need help. If you need writing help, don't feel ashamed to look into using a service like to help you with your writing assignments. You can take advantage of the extra help by focusing on other important assignments. Never Study on an Empty Stomach There are few things that are more distracting than hunger. If you keep some healthy snacks on hand while you study, you will be more alert, and you will retain more information. In addition to this, scheduling snack breaks is a perfect way to give yourself the opportunity to step away from your work for a brief period of time. Then, when your break is over you can start studying again with a refreshed state of mind. Recruit a Good Study Partner Studying in pairs can be a great idea. You can quiz each other, discuss concepts, and keep one another on task. You and your study partner can even provide one another with some needed distraction. Just make sure that you and your partner can stay on task. Organize Your Notes Using a Good App Not only can you use an app like Evernote to take notes, you can organize those notes into projects. Better yet, you can share those notes in order to collaborate with others. Consider Joining a Study Group Study groups create a sense of camaraderie and accountability. This is a great way to force yourself to keep up academically. Learn When Sleep Trumps Hitting the Books All nighters are rarely effective. Know when to shelve the books and simply get a good night of sleep.

Assess the importance of the counterfactual in merger assessment Essay

Assess the importance of the counterfactual in merger assessment - Essay Example However, not all mergers and acquisitions have been allowed to prosper particularly if it is found to prevent, restrict and distort competition and more importantly, if it would create or strengthen dominant position. Mergers or acquisitions are therefore assessed if it would significantly impede effective competition for being anti-competitive or strengthens dominance—thus an inquiry shall be made by the competition authorities to determine its impact on the market whether competition is still functioning effectively despite the merger or acquisition and the same is beneficial to the public in general. Competition laws to regulate merger and/or acquisition activities were legislated amongst the Member States of the European Union2 while Member States were mandated to enact national competition laws3 to synchronize the procedures to be followed in determining the validity of the merger and/or acquisition as well as to evaluate if the mergers and/or acquisitions are in accordan ce with the competition standards that encourage healthy competition and more importantly, do not significantly lessen competition. ... The primary task of this paper is to determine whether it is necessary for the competition authorities in the conduct of its investigation to allow or reject merger and/or acquisition to make assumptions and go beyond the facts and circumstances submitted by the merging entities to determine whether market competition is in force? It shall likewise be the task of this paper to determine the feasibility of making the hypothesis and the resulting conclusion as basis for sustaining or rejecting mergers or acquisitions? Furthermore, it shall be the task of this paper to determine if counterfactuals are indeed imperative to adjudge if a merger or acquisition significantly lessens competition (SLC) or not? And lastly, to determine whether the use of hypothesis or counterfactual circumstances to support an anti-competitive finding is congruent with the general legal precepts that decisions should be based on actual facts availing and as supported by evidence. Before this paper shall tackle the import of counterfactuals in resolving competition issues, it is necessary to revisit the historical and legal perspective of competition edicts including the jurisprudential pronouncements of both the European Courts of Justice (ECJ) and the national courts so that the spirit and letter of these legislations may be understood and applied properly in arriving at a logical conclusion—whether it is indeed beneficial or futile in competition analysis. State intervention on matters relating to the conduct of business is not a new concept. Under this jurisdiction, the general rule is that freedom to trade or conduct business cannot be curtailed or restrained unless the transaction is fraught with unreasonable

NYC has been affected by storms. Some of environmental Research Paper

NYC has been affected by storms. Some of environmental conservationists have proposed that New York follow Amsterdam in protecti - Research Paper Example As some of environmental conservationists have proposed that New York follow Amsterdam in protecting its coastline from flooding. In this paper we would analyze research and discuss the topic. INTRODUCTION â€Å"Floods are among the most powerful forces on earth. Human societies worldwide have lived and died with floods from the very beginning, spawning a prominent role for floods within legends, religions, and history.† (O’Connor, J.E., and Costa, J.E., 7) There are several geologists, historians, and hydrologists have critically reviewed the impact of floods and its consequences on humanity and how it supports the ecosystems as well. Therefore, this results in detailed elaboration of the role of floods shaping up the lives of different individuals and families. The extreme flooding in the United States over the past few years or decades have determined the restrictions and limitations of the nonstructural flood control in the country. NEW YORK CITY HAZARDS Many studie s and researches have shown that the floods in the United States have cost the property losses of more than $1 billion. In the recent years, New York City has been the victim of devastating and horrendous floods. The records that were held for centuries were fallen and broken and major areas of New York City have been evacuated as well. Furthermore, the territories and towns now lack to communicate from the outside world as well as their neighboring societies. All the disasters New York has faced over the recent years have attacked with such cruelty and fierceness that many historic structures were damaged, families were destroyed, many lives were taken away, and many people are homeless now. New York City has lost so much and has been through a lot which also has decreased the enhanced beauty of the city. Not only houses, business, families, historical places and structures were damaged or destroyed but the city also lost some of their important documents and some of their history which were saved in proper vaults and safe houses. â€Å"Opportunities to protect and enhance natural systems through policy are valuable and often fleeting. To assure that environmental concerns are properly and judiciously represented in flood management decisions, individual cases must be assessed from a basin-wide perspective.† (Hickey T and Salas D, 2) THE FLOODZONE NEW YORK CITY Everyone living in the New York City is affected by these drastic floods and flood damages which are caused from the storms or water main breaks. The most common example of these floods is severe rain storms and thunderstorms. One of the reasons of these severe flooding is because of the geographical location of New York City in the map. The city is closest to Atlantic Ocean; therefore, it is easily exposed to the flash, coastal, and tidal flooding as well. â€Å"New York City, New York (NYC) is extremely vulnerable to coastal flooding; thus, verification and improvements in storm surge models are needed in order to protect both life and property.† (Colle and Buonaiuto et al. 829) The New England Hurricane of 1938, Hurricane Sandy, and Hurricane Edna were the floods which caused most deaths in the New York City. The New England Hurricane of 1938 The Great Hurricane in the 1938 was considered as the major disaster

The South was not in an economic position to wage a successful war Essay

The South was not in an economic position to wage a successful war. Thoroughly explain why they were not and judge if you think this had an impact on the overall course of the war - Essay Example Southerners even avoided participation in industrial revolution which was welcomed and accepted by the Northern regions. The industries and the economy of the North was quite diversified in nature as they were involved in the production of both finished as well as agricultural goods. Due to developed factories and industries, the North was able to develop arms and ammunition required to wage a war. The South was even dependant on the North for finished goods and when the war started, the south realized that they lacked the resources needed to fight the war and their current sources of earning wealth were not properly structured (Millett, 2012, p.18). South even experienced decrease in income as the importers of cotton such as the Great Britain started importing from other nations such as India in order to remain neutral to both the North and the South. This event clearly proves that the South did not have the money required to fight the

Domestic and Community Violence against Women in USA Essay Example for Free

Domestic and Community Violence against Women in USA Essay Domestic violence in the United States is said to be high whereby, it is reported that over 700,000 Americans are victimized by the domestic violence according to the 2000 National Crime Victimization Survey. (Nocav and Bourbonnais, 2002) Domestic violence in the United States is said to come up as a result a result of poverty, gender inequality and even socio-economic factors. In this case we find that, the physical violence is defined as an intentional use of an individuals physical force with an objective of causing injury, harm or death these injuries are usually caused by either using a weapon, hitting or even kicking another person, while sexual violence is known as the physical force used to involve an individual into sexual acts against his will. Psychological violence or commonly known as the emotional violence that include the humiliation of an individual, controlling what an individual can do, it may also be practiced by withholding the victims information this act is usually applied to make the victim embarrassed, isolated and denied the right to enjoy his personal rights. The other type of abuse is the economic violence where we find that an abuser takes a complete control over the victims’ economic materials and resources. (Lupton, 2002) These differences are both biologically and socially determined where the social, cultural, economic and political forces are said to have brought variation in the position of different group of people in different societies globally. According to various research studies conducted we find that these domestic violence are especially caused by; the psychological factors which involve that personality and the characteristics of the stated offender and this may also carry a form of social hypothesis that normally consider the factors that are created externally in the offender’s surroundings, this may include the family structure, stress or even social classifications. (Draper, 1989) In some communities we find that violence comes up as a result of an individual seeking power or control over other members of the society, here we find that the abuser creates a negative impact on the victims, whereby they end up attributed to low self- esteem. An example for this practice in the United States is where women are said to be disadvantaged where they are being isolated in the distribution of income and consumption within the community. Where the share of the national income shows that there is inequality between women and men throughout the world, here women are said to have a significantly lower share of national income than men. Therefore we find that men regard themselves to be given a higher priority they practice gender discrimination where more women and children are forced by men in their families to do most work to produce food for the families in which men are proved to be taking control over family resources and yet they do not participate in their production. Through gender analysis of roles done by many institutions it is said that men contribute less than three hours in a day of their time to activities that is geared towards food production compared to women who do the bulk of the work here we find that the rights of women are being violated. Conclusion The main roles of the civil rights movement is to fight the domestic violence in the American society, under this we find that, the civil rights activists say that there are many ways of handling the domestic violence in our communities whereby the government plays a role of ensuring that commitments to equal rights and opportunities are upheld and delivered, by setting an enabling environment for all members of the American society at the country level and in the global community through the formulation and implementation of conferences and international conformities. Promote an active culture that emphasizes the right to formation and support the developmental activists to demand information from all sectors including government, other Non-Governmental organisations in order to promote local accountability to the victimized members of the community. The government should create an enabling environment which will influence change in policies, laws and institutions at national and international levels. (Draper, 1989) The other method that can be applied in dealing with domestic violence is the safety plan which is usually a plan that directed to the victim where he asked to act quickly so that he may remove himself from the dangers of the violence. This plan involve a specific plan of how to get out of the place, here the victim is advised to carry himself with the basic needs that will be required to be used when out of the place. Although partnerships are strengthening around a based purpose there is still so much for the governments affected by the fight over power to close the gaps in understanding and increase co-operation between the governments, the states and the civil societies. This recommendation is seen to be adversarial instead of being collaborative leading to little sharing of experience and good practice by the prominent people in the American society. References Lupton, R and Power, A. (2002): Social Exclusion Neighborhoods. In Understanding Social Exclusion† Hills J, Le Grand J. Piachaud D. Edn pp. 118- 140: Oxford: Oxford University Press. Burgess, R and Draper P. 1989 the explanation of family violence, the role of biological, Behavioral and cultural selection. Ohlin L. and Tonry M. Edn. Family Violence pp. 59-116 Chicago: University of Chicago Press.

how jails came to be in america :: essays research papers

The Long and Winding Road: How Jails Came to Be in America [The guards here believe that] the tougher, colder, and more cruel and inhuman a place is, the less chance a person will return. This is not true. The more negative experiences a person goes through, the more he turns into a violent, cruel, mean, heartless individual, I know this to be a fact – Annonymous Prisoner, â€Å"The Trauma of Prison Rape† (Manner 130) The prisoner described the truth of jails as he is experiencing them now, while the original Quaker intentions had something much different in mind. The Quakers, who were led under William Penn, were the first group to set up an institutionalized system in the United States that dealt with punishment. Since the original plans were developed for the prison system, the goal and intentions have been reformed time and time again. Although jails are supposed to be a place of rehabilitation, the reality is that they are actually a hotbed for spurring criminals more violent then when they were first admitted. Before jails were even implemented in America, the colonists had quite a different approach to punishment that led to how jails came to be. The original outlook of criminals came from the Colonists religious belief that criminals were sinners who were workers of the devil. The Colonists felt they had to be protected from devil’s workforce and therefore criminals must have their name run into the ground, be cast out of the town, or in the most extreme cases be hung. Before the Colonists accepted institutions, they looked to public humiliation as a means of correcting the lesser criminals. The harsher punishments, such as death, were given to people who were believed to be beyond redemption. But, with growing populations due to industrialization of cities townspeople grew less and less known to one another. With less recognition between citizens the thought of public humiliation as a punishment was weakening as a threat. On top of that, people were beginning to grow weary that c apital punishment may have been too barbaric and overall ineffective. Yet, the colonists were still not completely convinced to utilize jails. The hesitation was a result of the community feeling that most men were not salvageable and institutionalizing them would only be rewarding. Although, this conception began to unravel in the late 1600’s when the Pennsylvania Quakers came up with a plan that would eventually be accepted.