Bank Failure Case Study Example | Topics and Well Written Essays - 1750 words

Bank Failure - Case Study Example This however, also led to the fact that banks and other financial institutions started to take on more liberty due to this financial liberalization. The removal of restrictions on capital flows allowed banks to invest into cross border projects thus assuming more risks but also allowed them to indulge into banking practices which were more risky for the overall health of the financial institutions. The subprime mortgage market failure however, forced many experts including Prof. Susan M Wachter to conclude that the subprime mortgage failure will be much worse than the expectations held by most of the market participants. (Knowledge@Wharton). Evidence indicate that the literature comprehensively provided an insight into what may actually happen due to the lending policies adapted by the banks and other financial institutions and as such if such practices continue, it may be difficult for the financial system to sustain the increasing pressures from speculative activities in which banks and financial institutions have engaged themselves into. ... ning for the developing countries however, the current financial crisis and resulting insolvencies of banks like Lehman Brothers is an ample example of how the financial system of developed world can bear the heavy cost of bank insolvencies also. This paper will discuss some of the evidence and predictions that were presented in the literature published prior to the crises and will specially focus on literature published prior to 2003. Bank Failure Caprio G & Klingbiel D (1996) is of the view that the bank insolvencies have increased since 1970s and as such the losses are significant as compared to the losses that were incurred due to such bank insolvencies prior to such episodes. What is however, significant to note that such bank insolvencies clearly indicate the misallocation of resources as banks failed to identify and book profitable projects which can self generate the cash flows to repay the loans taken against them. (Caprio and Klingebiel). This analysis captures the real practices of the banks which continued in the 21st century also where banks continue to lend into those areas which were significantly more risky hence more deterimental to the overall health of the financial system. The lending into subprime mortgage market is just one example of imprudent lending practices adapted by the banks in order to achieve higher profitability targets with a very limited and short term horizon. What is also significant to understand that there was a systematic shift towards achieving the short term results as compared to ensuring long term insolvency of the banking institutions. Another analysis by Caprio G & Klingbiel D (1996) indicating that the worst affected of the crises would be Japan and other developing countries such as Argentine and Chile. (Caprio and

Various Coursework Example | Topics and Well Written Essays - 1250 words

Various - Coursework Example The founder of Keep a Child Alive Organization, Leigh Blake was inspired to initiate the organization in 2003 after a life changing encounter at an AIDS Research and Family Care Clinic, an institution which she funds, located in Mombasa, a coastal town in Kenya. A single mother named Anne brought her three-year-old son for medicinal care, and she refused to leave the institution until she got â€Å"drugs that you have in the States for your children.† Blake, who had been previously involved in several AIDS campaigns through her musical career background and film career, agreed to pay for the drugs that Anne’s son needed. By so doing this, the Keep a Child Alive idea was cultivated (KCA, 2014). The medications that Anne’s son needed were valued at 12000 dollars a year from New York University AIDS Research Department. It did not take long before word of Blake’s work inspired other artists, film stars, and even medical practitioners. Peter Edge became the fi rst donor and soon after music sensation; Alicia Keys joined the foundation as the Keep a Child Alive Organization (KCA) global Ambassador. In 2003, KCA- Keep a Child Alive foundation was founded officially. The Kenyan clinic that marked Blake`s turning point became a model facility to inspire other facilities in the African continent and the developing third world countries. Keep a Child Alive Foundation focuses on bringing attention of the great AIDS epidemic that threatens and shreds the population of sub-Saharan Africa and the rest of third world developing countries. Keep a Child Alive Foundation`s efforts focus primarily on sub-Saharan Africa since it is the most affected region in the world. The sub-Saharan region of Africa host`s sixty-four percent of all HIV-infected persons. The foundation facilitates access to ARV - Anti-Retroviral Virus- medicines, a wide series of support services which

Research paper politics Essay Example | Topics and Well Written Essays - 1000 words

Research paper politics - Essay Example It soon became evident that the American colonies of the New World were more interested in slaves than gold, and the slave trade quickly overshadowed the gold trade. Dutch, English, Danish, and Swedish competitors weakened Portuguese control and in 1642, the Portuguese left the Gold Coast permanently although their influence continues to this day. Various European powers attempted to dominate the profitable slave trade. The Dutch West India Company operated throughout most of the eighteenth century, and the British African Company of Merchants, founded in 1750, was successor to several earlier organizations and became the dominant European power on the Gold Coast (Buah 2004). Portugal's control of West Africa was gone by the seventeenth century, and Angola was the only major area left under Portuguese control. Angola, independent at present, is strongly influenced by Portuguese culture and its official language is Portuguese. It is especially distinctive because of South African infl uence and white settler communities, as well as the harsh colonial style of the Portuguese. The area therefore has become unique in Africa. As in most Portuguese colonies, mixed race children hold a different status (Angola 2007). In addition, Angola became divided into three factions-capitalists, independent, and the dominant party at present, the Population Movement for the Liberation of Angola (MPLA). Violence, hunger and poverty marked the end of the twentieth century in Angola with peace being achieved in 2002. Even though they have gained their independence, "class, cultural, and linguistic divisions still haunt the country" (Birmingham 2006). Although France traveled to West Africa as early as 1483 and the first West African settlement was founded in the mid-seventeenth century in Senegal, it was not until the mid-nineteenth century that the French were firmly established in Cte d'Ivoire. Cte d'Ivoire, like the rest of West Africa, was subject to European influences, but absence of sheltered harbors made the area less appealing. The slave trade had little impact on the peoples of Cte d'Ivoire. Its profits were in ivory, but a decline in elephants closed down the trade by the beginning of the eighteenth century. In 1904, French West Africa consisted of Cte d'Ivoire, Dahoney (present-day Benin), Guinea, Niger, French Sudan (present-day Mali), Senegal, Upper Volta and Mauritania, ruled by the governor of Senegal, who became governor general. Most of the inhabitants of the colonies were subjects of France with no political rights (Handloff 1988). Handloff continues his history of the Ivory Coast noting that until 1958, gover nors appointed in Paris administered the colony of Cte d'Ivoire using direct, centralized administration that left little room for Ivoirian participation in policy making. The French colonial administration adopted divide-and-rule policies, applying ideas of assimilation only to the educated elite. These elite were inclined to take on the culture of the colonizers, moving away from their African heritage, and the influence of French culture continues to this day. The French-educated elites, or evolues, embodied the "African

Value Stream Mapping and Interviews with Michigan Steel Company Term Paper

Value Stream Mapping and Interviews with Michigan Steel Company - Term Paper Example The production lead time is also reduced by analyzing the primary data obtained from observing actual processes in the company’s factory. Further, this paper discusses the methods employed in the analysis and drawing of Michigan Steel Company’s value stream map. These methods are vital in the calculation of the cycle time, changeover time and uptime. The number of shifts for each worker and EPE (every part every) is also calculated. The target number of pieces is also recommended. Finally, the paper concludes by giving the results of the entire project and further discusses them giving recommendation where necessary. The value stream technique is mostly used in the design and analysis of information and material flow that will bring a product or service to the final customer or consumer. Furthermore, the technique also aims at using minimal resources whilst maximizing production. In the analysis of this one is required to draw a current state map that illustrates the whole value stream mapping technique employed. This paper shall embark on discussing the current state map for the Michigan Steel Company and evaluate is value mapping technique. In order to successfully analyze the technique at Michigan Steel Company, the entire chain of steel production is broken down into discrete levels of production and information flow. The step by step flow from production is evaluated and the lead and processing time taken to complete the production is also determined. The route taken by the product until it reaches the State Street Assembly (customer) is also illustrated in the Michigan Steel Company’s current state map situation. This paper shall then discuss this process’s methods, results and efficiency. The biggest problem met by Michigan Steel Company was the relevant optimal lead time for the entire production process. This necessitated the team to set up objectives that are oriented towards goal  achievement.  

Research paper politics Essay Example | Topics and Well Written Essays - 1000 words

Research paper politics - Essay Example It soon became evident that the American colonies of the New World were more interested in slaves than gold, and the slave trade quickly overshadowed the gold trade. Dutch, English, Danish, and Swedish competitors weakened Portuguese control and in 1642, the Portuguese left the Gold Coast permanently although their influence continues to this day. Various European powers attempted to dominate the profitable slave trade. The Dutch West India Company operated throughout most of the eighteenth century, and the British African Company of Merchants, founded in 1750, was successor to several earlier organizations and became the dominant European power on the Gold Coast (Buah 2004). Portugal's control of West Africa was gone by the seventeenth century, and Angola was the only major area left under Portuguese control. Angola, independent at present, is strongly influenced by Portuguese culture and its official language is Portuguese. It is especially distinctive because of South African infl uence and white settler communities, as well as the harsh colonial style of the Portuguese. The area therefore has become unique in Africa. As in most Portuguese colonies, mixed race children hold a different status (Angola 2007). In addition, Angola became divided into three factions-capitalists, independent, and the dominant party at present, the Population Movement for the Liberation of Angola (MPLA). Violence, hunger and poverty marked the end of the twentieth century in Angola with peace being achieved in 2002. Even though they have gained their independence, "class, cultural, and linguistic divisions still haunt the country" (Birmingham 2006). Although France traveled to West Africa as early as 1483 and the first West African settlement was founded in the mid-seventeenth century in Senegal, it was not until the mid-nineteenth century that the French were firmly established in Cte d'Ivoire. Cte d'Ivoire, like the rest of West Africa, was subject to European influences, but absence of sheltered harbors made the area less appealing. The slave trade had little impact on the peoples of Cte d'Ivoire. Its profits were in ivory, but a decline in elephants closed down the trade by the beginning of the eighteenth century. In 1904, French West Africa consisted of Cte d'Ivoire, Dahoney (present-day Benin), Guinea, Niger, French Sudan (present-day Mali), Senegal, Upper Volta and Mauritania, ruled by the governor of Senegal, who became governor general. Most of the inhabitants of the colonies were subjects of France with no political rights (Handloff 1988). Handloff continues his history of the Ivory Coast noting that until 1958, gover nors appointed in Paris administered the colony of Cte d'Ivoire using direct, centralized administration that left little room for Ivoirian participation in policy making. The French colonial administration adopted divide-and-rule policies, applying ideas of assimilation only to the educated elite. These elite were inclined to take on the culture of the colonizers, moving away from their African heritage, and the influence of French culture continues to this day. The French-educated elites, or evolues, embodied the "African

Comparison six research methods Essay Example | Topics and Well Written Essays - 2500 words

Comparison six research methods - Essay Example Longitudinal studies as well as observational studies are generally used in those places where a lot of time is taken to finally extract useful information. Questionnaire surveys are used for getting quick responses and used for pilot studies as well as feedback processes. Focus groups and Delphi techniques generally use experts as their respondents. All of the above methods have their own benefits and disadvantages. Few limitations of these market research methods have also been discussed which can be further studied and reinvented to form better and more efficient research methods. Introduction Business research is described as an organized and systematic effort which aims to investigate a specific issue or problem which has been encountered during the work setting and requires solving (Seale, 2004). The first stage in a research process is the identification of the critical problem. Once the problem has been clearly defined, the next steps include gathering information, analyzing data and solving the problem by taking necessary steps and corrective measures. Research methods Research methods are of various categories depending on the requirements of the research. These methods use different approaches, tools and techniques for conducting a research. However, they can be divided into two broad categories. Quantitative methods are generally used during development research while participatory or qualitative research is used to get desirable outcomes. Even though these research methods are continuously used in various research questions and studies, yet they are continuously being developed as well as integrated in order to gain better results (Coffey & Aktinson, 1996). A thin line of difference exists between research methods and research methodology. While research methods talks about specific activities which are created to generate data, research methodology is about the understanding as well as attitude of the researcher towards the strategy and research w hich is chosen in order to answer the research questions. Implication and Discussion Longitudinal study is a type of correlation research involving repeated observations. This type of study can extend for many years and even decades. Here the same participants are studied for a particular period (Diggle, Heagerty, Liang & Zeger, 2002). It is generally used while studying clinical events such as, HIV patients and their diseases and immunity status, across various countries and over time (Frison & Pocock, 1992). It is used in individual studies where participants are studied and tracked (Hogan & Laird, 1997). It is also used in household panel studies where people are tracked and observed within their vicinity for collecting data. Longitudinal studies are high in terms of validity. Individuals usually fail to remember previous events and even if they are insisted, they might not remember the correct data. Longitudinal studies are particularly helpful in finding out long term variation s or changes. The estimates collected in this study are more efficient compared to cross-sectional studies (Donner & Klar, 1994). However, there are certain limitations associated with longitudinal studies. Gathering results during longitudinal study is very difficult as it is time taking and tedious. More often than not, participants drop out before completion of the survey. This process is known as subject attrition and is very

White Privilege Essay Example for Free

White Privilege Essay What is white privilege? It is important that white privilege be defined because the majority of whites want to deny that it exists at all, especially in response to assertions of people of color that it exists unjustly and should be dismantled. The denial of its existence by whites is racialized. People of color say white people enjoy white privilege while white people deny, as often as possible, that they have it and that such a privilege exists. White privilege is defined (Clark, 2005), as (1a) a right, advantage, or immunity granted to or enjoyed by white persons beyond the common advantage of allWhat is white privilege? It is important that white privilege be defined because the majority of whites want to deny that it exists at all, especially in response to assertions of people of color that it exists unjustly and should be dismantled. The denial of its existence by whites is racialized. People of color say white people enjoy white privilege while white people deny, as often as possible, that they have it and that such a privilege exists. White privilege is defined (Clark, 2005), as (1a) a right, advantage, or immunity granted to or enjoyed by white persons beyond the common advantage of all others; an exemption in many particular cases from certain burdens or liabilities. (b) A special advantage or benefit of white persons; with reference to divine dispensations, natural advantages, gifts of fortune, genetic endowments, social relations, etc. (2a) A privileged position; the possession of an advantage white persons enjoy over non-white persons. (3a) The special right or immunity attaching to white persons as a social relation; prerogative. (b) Display of white privilege, a social expression of a white person or persons demanding to be treated as a member or members of the socially privileged class. (4a) To authorize or license of white person or persons what is forbidden or wrong for non-whites; to justify, excuse. (b) To give white persons special freedom or immunity from some liability or burden to which non-white persons are subject; to exempt. While many whites seem to think and believe that the notion of racial preference originated with affirmative action programs, intended to expand opportunities for historically marginalized people of color, racial preference has had a very long and very White Privilege 3 white history. Even if most whites were willing to acknowledge the existence of white privilege they would likely have no explanation for the privileges afforded them every minute of every day of their lives. They simply take it for granted. Affirmative action was the guiding principle of segregation for most whites. It was used to motivate racially restrictive housing policies while people of color were excluded from the same programs. It is hardly an exaggeration by people of color to say that white America is the biggest collective recipient of racial preference in the history of the universe. They have skewed our laws, shaped public policy and have helped to create the more obvious inequalities with which we live. According to (Bell, 1995), black people need reform of our civil rights strategies as badly as those in the law needed a new way to consider American jurisprudence prior to the advent of the Legal Realists. The debate about racism in America revolves around achieving diversity. Focusing on diversity means that questions of history and power go unasked and unanswered. Without an understanding of the history of racism in America, and the enduring imbalances of power, wealth, status and privilege, further progress toward racial justice is unlikely (Allen, 1994). Racial oppression is a set of strategies for social exploitation (Allen, 2003). The institutions of slavery were established in order to secure benefits for white people at the expense of African slaves and their American born descendants. One way to think about the benefits of exploitations, according to (Berger, 1999), is in terms of racialized social privilege? patterns of social privilege and benefit, including exemptions from harm and burden, which accrue to racial groups at the expense of others. The short hand term for White Privilege 4 these patterns in American society is white privilege. Economic benefits are at the core of white privilege. The vast pool of labor provided by slavery, from which both Northern industrialists and Southern plantation owners benefited, is one of the founding sources of the American economy. African Americans continue to struggle with economic legacy of an unjust history. Poor and working class whites strongly object to the idea of white privilege, stating or pointing out what they consider the obvious, that not every white person has wealth and power. There are other benefits that accrue or come as a natural right to white people, including one which W. E. B. DuBois called the psychological wages of whiteness. (Williams, 2004) This refers to that age old membership in the privileged group, even for whites on the bottom rung, confers a social status and recognition which is denied to all but the most powerful members of oppressed groups. The history of racial oppression in American is not disputed. However, what is disputed is whether and to what extent, four hundred (400) years of oppression continues to harm African Americans and other minorities and their life chances unjustly; and conversely, whether that history of oppression continues to benefit white Americans unjustly. Systems of oppression are not established unless they are a means of benefit. There is no reason for people of color to believe that social institutions and power structures no longer dispense benefits and harms racially. When we examine the way benefits and harms are apportioned in the U. S. , including wealth, income, equality of our court system, treatment from the police, access to colleges, universities and even the political symbolism of state flags, what we see are White Privilege 5 exercises and expressions of white privilege. As a group, white people have more income, wealth, political representation, status, power, and social reinforces of their human dignity and self respect than any group in America. If history is any guide, expecting white America to voluntarily open the corridors of power to people of color aintt gonna happen. These privileges have been enjoyed by white people unjustly. The struggle by people of color to obtain freedom, justice and dignity is as old as this nation, and racial equality, unfortunately, is not a realistic goal.