Monday, September 30, 2019

Psychology and Sensation Seeker

Take a look at the material on sensation seeking on page 286 (Ch. 11). Do you consider yourself a sensation seeker? Why or why not? What are the advantages and disadvantages of your level of sensation seeking? I am not a sensation seeker because I prefer peace and happiness. I am the type of person that likes to see the same people and have a routine to follow which I feel comfortable in. The advantages of my level of sensation seeking are that I am more likely to find peace and happiness compared to someone who has a higher level of sensation seeking.The disadvantages might be people calling me boring and not having as much fun as I should be having. How would you rate your own achievement motivation? Why? In what ways is this an advantage to you? In what ways is it a disadvantage? I would rate my own achievement motivation very high. I say this because I fit all of the descriptions mentioned in the book and I enjoy excelling in the things I do. When I have an easy task in front of me I find it boring but when I have a difficult task I tend to feel worried because I might do poorly.This is an advantage because I know it pushes me to do better in all of the things I do in my life. It is a disadvantage because my self-esteem can be lowered when I don’t do well on something and it might also affect those around me. What did you learn about yourself from reading about the trait theories of personality? I learned that I have the following traits: Openness, Conscientiousness and Agreeableness. I am opened to new ideas, self-disciplined, sociable, talkative and affectionate.I am a weird mix because I am opened to new ideas but I tend to like routines and being comfortable with my surroundings. At the same time I am sociable, talkative and affectionate which is kind of weird. To better explain I am a junior accountant at a commercial real estate company who sits in a cubicle all day but I am very outgoing and talkative like a salesperson. I always get complimen ts from people for being so outgoing while being an accountant which is a weird thing. What did you learn about yourself from reading the other theories of personality? List and explain at least three things. ) I now know I am aware of my actions which is something I never really thought about before. I also learned that I am a person who enjoys doing things for the thrill that comes from doing things instead of doing things for the outcome. I also learned that I am self-disciplined which is something I never paid attention to before either. These are great things I learned about myself from reading the theories of personality which I would of never thought of before.How will you use this material on personality to improve your relationships (personal and/or professional)? I will use this information in order to better understand myself and other in both my personal and professional life. I know no two people are alike and now I can manage to speak to them and treat them based on th eir personality so they feel comfortable. I will also use this material to better understand myself and my way of thinking in order to excel at the things I do.

Sunday, September 29, 2019

How Iceland Was Formed Essay

Iceland, situated on top of a hotspot experiences severe volcanic activity one of the most well known eruptions was in 2010 when Eyjafjallajokull erupted seriously disrupting European air traffic. Iceland is situated is situated in the mid Atlantic ridge a seam in the Earth’s surface under the North Atlantic Ocean where the Eurasian and North American plates slide apart. This island has more than 200 volcanoes which is thought to be what created this island. This picture shows that Iceland sits on a constructive plate boundary as the newest parts of the island are right in the middle of the island, in fact, the new parts are in such a way that you could probably make out whereabouts the boundary is in relation to island. This theory is also confirmed by the way that the oldest parts of the island are right on the outside of Iceland. This picture shows where island is in relation to the mid Atlantic ridge and as you can see it is almost right in the middle of it. This picture also shows that the plates are moving away from each other, suggesting that the mid ocean ridge is going to get bigger as time goes on. Which means Iceland could expand a bit as well. This picture shows an aerial picture of a fissure zone in Thingvellir, Iceland, that is a land exposure in the mid Atlantic ridge. To the right of the fissure is the North American plate pulling west away from the Eurasian plate which is to the left of the fissure.

Friday, September 27, 2019

The Easter Rising Research Paper Example | Topics and Well Written Essays - 1750 words

The Easter Rising - Research Paper Example The first day of the rebellion was Monday, April 24, 1916, with approximately 1200 rebels participating in the fight against the government. The men were all volunteers but were less than what was expected due to the extreme secrecy of the group and the doubts some did have about the plan of attack. The plan was to use the General Post Office as their center of command due to its solid structure and ease of defense. As was to be proved later on while the GPO did have the advantage of defense, it would prove difficult to command the rebellion factions from it or plan attacks (Friedrich 10). Debate has risen over the significance of the GPO with some experts arguing that it was due to its symbolism of British imperialism that it was taken. The GPO was one of the largest buildings in the city and having being built by the British many saw it as a symbol of their superiority only comparable to Dublin Castle. By Noon on Monday most of those who had volunteered to fight took their position s divided into 4 battalions. The first battalion was led by Ned Daly who was to take control of the 4 courts with 250 men while the second Batallion led by Thomas MacDonagh was told to take charge of a biscuit factory South of the city center (Ciment and Russell 291), the factory was possibly to be a source of food as the fighting continued. The third battalion comprised of 130 men and was led by Eamon de Valera who were to control a bakery and Eamonn Ceannt was in charge of the 4th battalion that was made of 100 men and were to take charge of the Dolhpins barn in Emerald square in the town center and to prevent a counterattack by the Irish Army. The British government as well as most of the Irish population was taken by surprise at the commencement of the attack and responses were disorganized especially since Britain was at the time at war with Germany. The squad that was in City Hall with Conolly came under intense fire and soon had to surrender, Sean Conolly who was the commande r of the group was shot dead in the fight and several others were arrested. The fourth battalion also faced some fire from the British army but they managed to hold their positions ("The 1916 uprising..."). On Tuesday April 25th the battle of Mount street canal was fought between the British soldiers and the insurgents. The British infantry had been commanded to take the most direct route to the Dublin Castle as this was where the British headquarters and so was a point of political and strategic importance. The castle was where the then incumbent Viceroy Lord Wimborne resided in and was also where commands were dispatched from. Sherwood Foresters had to pass through Northumberland Road in spite of the dangers that the place would pose as members of the rebellion had captured neighboring territories. As the group cut into Haddington Road, they were attacked by rebels resulting in Captain Dietrchsen being injured. This also signaled the other rebels to inform them that an attack had begun and they too began to fire on the foresters (Mcnally 76). The foresters attacked the group that was located in No. 25 that was behind them and had initiated the attack. The rebels had however prepared for this and had barricaded the doors and windows resulting in the British Foresters being cornered in the open road. Attempts to escape by dodging to the other side of the street were countered by a brigade that pushed them

Credit Agricole a multi-channel mutual bank Case Study

Credit Agricole a multi-channel mutual bank - Case Study Example She had developed trust in the bank through her long time financial advisor. In going back to ask for the mortgage, Pauline was a little bit disappointed when she found that her financial advisor had moved 3 months ago. Even though she accepted that reality, she still went forth to seek services of the bank without comparing to other banks. Pauline and Louis were disappointed with the initial interest rate offered to them by Bernard, which was 5.5 interest rate plus insurance. The two had hoped to bargain an insurance rate less than 5.5% based on having a long customer loyalty history. This was not the case as the prices were reached by simulation software and any cut not allowed. Pauline was shocked to get a phone call after cutting a deal with Bernard of paying the mortgage at 5.5% interest rate plus insurance, though she was realized the same bank had an ongoing promotion of 4.8 % which had been reserved to outbound call-center campaign. Pauline was disappointed when Bernard pretended not to know such a service existed, though later called her and gave her the mortgage at 4.8% interest rate. Pauline found that service delivery by the people in the bank to be slow. Before getting an appointment to Bernard, it took her 2 attempt to get a chance. The call center advisor was slow in responding to crucial questions and making arrangements. In addition, Bernard was not available at some point to see Pauline, though she was at his office. Bernard took days to reply to Pauline’s requests and messages. The financial advisors, Bernard appeared not to have coordinated with well will the call center advisors since they had different information about what Pauline should get for her mortgage. The service which Pauline received was not upto standard like the way she had expected. The process of getting the mortgage took a very long time, and it had a lot of uncertainties and conflicting figures

Thursday, September 26, 2019

Fed Chairman Game Essay Example | Topics and Well Written Essays - 500 words

Fed Chairman Game - Essay Example The purpose of this paper is to discuss the results of the â€Å"Fed Chairman Game.† In the game the player must choose the fed interest rates for period of four years or 16 quarters. The player must keep inflation and unemployment below 4 and 7 percent respectively. The logic that must be used to make decision is that you can lower inflation by setting federal funds well above the inflation rate, but doing so will also push unemployment upwards. You can lower unemployment by pushing up inflation by setting the federal funds rate close too or below the inflation rate. Throughout the game after each decision there is a newspaper headline that reports what is occurring in the economy based on the Fed decisions. The news must be used by the player in order to make decisions. The table below has a list of some of the newspaper headlines that I saw during the game. During the simulation I utilized the news as a point of reference to make decisions. I had to look at the impact my decisions had on inflation and unemployment at all times. The actions that I took to get reelection were geared at maintain the general public happy. I ran the simulation three times and I was not able to get reelected. The job of the chairman of the Fed is very hard. During the first two runs I was not able to keep inflation low enough to get reelected. During the third run I messed up as far as having negative inflation or deflation. I learned from the simulation that monetary policy is extremely important for the well being of the United States. People are happy with their government when there are jobs available in the marketplace and when their money has good purchasing power. Inflation decreases the purchasing power of the US

Wednesday, September 25, 2019

Transport Demand Management Essay Example | Topics and Well Written Essays - 1250 words

Transport Demand Management - Essay Example The question is what is TDM? There has never been one single key definition of TDM. Some have defined it as an overall term for the strategies that lead to a better proficient utilisation of transport resources. Others have defined it as an all-encompassing term given to strategies that enhance the transport system’s efficiency. It has also been defined as a wide range of measures that transfer or decrease roadway utilisation, hence, boosting the life and efficacy of the whole transport system (Zhou, 2008). Thus, it is evident that TDM is not a linear but an all-inclusive term that can be explained from different perspectives. Over the years, the measures used in TDM have involved alternates to drive-alone like transit. Such alternatives are attained through the availing of disincentives and incentives to alter travel features among commuters. At present, these measures now involve programs and policies to solve issues like the choice of location, time, route, and information using technology. TDM is been viewed with an ever growing importance due to the rise of traffic congestion in suburban areas as urban areas are faced with complications in the expansion of highways and environmental issues like air pollution get bigger (Weiner, 2012). TDM measures can be grouped into organisational and operational, financial, and infrastructure. Of these three groups, infrastructure can be regarded as the most visible of them all. Why is this so? It is so because it involves the building and changing of the structures that are used in transport. As a measure, there is a belief that using infrastructure as a measure in TDM produces expected results as it directs the usage of transport means much more easily even without the use of new policies. As a measure, it has received widespread support among all industry shareholders. In the UK for example, the Roads for Prosperity publication received nationwide support. The program aimed at taking

Tuesday, September 24, 2019

Discussion GMOs in Producing Food, Bioaccumulation, Green Revolution Assignment

Discussion GMOs in Producing Food, Bioaccumulation, Green Revolution and Slow Food Movement - Assignment Example The role of genetically engineered foods in alleviating the world’s food insecurity is, without a doubt, extremely controversial. Indeed, while the potential benefits of the new biological techniques in food production may be exciting in the short term, the truth of the matter is that the long term effects on biodiversity, people’s health and the wider ecosystem are rather obscure. More fundamentally, questions linger on who in particular stands to benefit from this technology; is it the wealthy in search of more wealth or the people in need? Advocates have pointed to the potential benefits that include the elimination of pesticides in crop production, the development of disease/cold/drought resistant crops, elimination of malnutrition due to over-reliance on certain crops [rice], as well as a cost-effective way of vaccines produced in grown crops (Whitman par 5-10). Nonetheless, non-conclusive reports suggest that GM crops may actually transfer the modified genes to no n-target species [weeds], and thus reduce the foregoing effectiveness. There are also mounting fears of unexpected allergic reactions by consumers in addition to unknown health consequences (Whitman par 16-18). Though highly debatable currently, a research conducted on the Bacillus thuringiensis (Bt) cotton, grown by small-scale farmers in Asia and other developing nations, indicates that the plant has extensive environmental has rm than the original pest control intention (Losey, Rayor and Carter 214). This debate is just but a sideshow away from the real looming crisis-global warming and impending dire consequences. The benefits notwithstanding, the money-profit perspective may the real driver into the GM foods and not food security. Part B 3. What does the acronym HIPPO describe? What does each letter stand for?  

Monday, September 23, 2019

The Welfare Principle in the UK Essay Example | Topics and Well Written Essays - 2250 words

The Welfare Principle in the UK - Essay Example In which, the rights, powers, duties, responsibilities and authority of the parents are provided concerning their children. In addition to that, it enables the court to hear and make decisions about the welfare of the child. The Adoption and Children Act 2002 changed the law pertaining to the parental responsibility.2 For children born on or after 1 December 2003 [England and Wales], 4 May 2006 [Scotland] and15 April 2002 [Northern Ireland], both biological parents remain owners of the parental responsibility if they are registered on the birth certificate of the child [whether or not the parents are married]. Contact Order definition According to section 8(1) of the Children Act, a contact order means an order requiring the person with whom a child lives or is to live, to allow the child to visit or stay with the person named in the order, or for that person and the child otherwise to have contact with each other.3 However, in case of clash between the interests of the parents and t he interests of children, the interests of the child will be preferred as was stated by the Court of Appeal in Re P (Contact: Supervision) [1996] 2FLR 314 at p.328. What are the interests of a child that the court is going to protect? For example, the child does not have only physical needs and educational needs, but also requires emotional support in order to grow naturally and complete the cycle of mental and physical growth. If parents are only able to satisfy the physical and education needs, but not the emotional one, it would not be easy for the court to serve and protect the interests of the child due to a clash between the different interests. Even in this case, if the court grants the contact order, the court compromises on the emotional needs of the child. On the other hand, if the court does not entertain the contact order request from the parents, the court again fails to properly serve the interests of the child. In order to ascertain the interests of the parents and th e interests of the child, the court needs to consider the contact order factors that assist whether contact order should be made or not. They include: Above all, the court has to consider what they believe to be in the best interests of child and the welfare of the child remains the main priority. In this regard, the feelings and wishes of the child as far as can be ascertained and they must be considered in the light of the child’s mental level and understanding: There is no specific age bracket provided to ascertain the mental level of a child. If the child faces a very specific mental disorder and the doctors remain unsuccessful to highlight the impact of the mental disorder on the child’s main mind function, under that situation, the age consideration may become irrelevant. Even the court decision to issue a contact order will not be able to serve the main objective of the child welfare. The court is required to take into account the child’s emotional, physi cal and educational needs as well: For example, if parents want to nurture their child and they are financially in a position to fulfil the physical and educational needs of the child, but they are unable to satisfy the emotional needs of the child. There are no particular emotional needs mentioned in the Children Act 1989 that must be satisfied before granting a contact order. In addition, there are different types of emotions and

Sunday, September 22, 2019

Stalins leadership Essay Example for Free

Stalins leadership Essay The great patriotic war was a theatre of war primarily between Russia and the Nazis, although it involved many surrounding countries in Eastern Europe and beyond. This period was notorious for its unprecedented ferocity, destruction, and immense loss of life and was lead under the leadership of Stalin. Yet to what extent was Stalins efforts and actions the reason for the Soviet victory against the axis powers? Politically, there were many aspects that contributed to the war effort. The Communist Party itself worked at the rear of the forces (350,000 members were transferred to the back lines) and also increased membership to ensure that there was sufficient support for the party. The NKVD played a more significant role in the war, most importantly controlling the USSR population through fear. The NKVD were responsible for the labour camps (gulags) where prisoners of war were sent as well as opposition suspects and deserters from the Russian armies. The group had many other roles, including undercover officers within the red army reporting any deficiencies in moral and any anti-communist attitudes. Therefore they created a sense of terror that deterred any resistance against Stalin and the regime from building up effectively as well as maintaining discipline and security within the army. This was obviously a crucial factor in Soviet success, without this the Red Army would not have fought effectively. Although the NKVD were very effective throughout the war and must certainly be credited in the Soviet success, Stalin was in overall control of the body, and therefore could also claim some of this as his own. He also influenced the air of terror, by coining orders like not one step back meaning that any soldiers that tried to retreat would be shout by the NKVD themselves. Britain and America were Russias allies in the war and although they did not send troops directly to the front line, the lend lease programme (begun in March 1941) provided the USSR with essential war supplies $11. 3 billion worth of goods were sent throughout the war. Without these the army would have been less effectively supplied and progress may have been slower, particularly one the offensive move towards Berlin, which may have given the enemy more time to re-organise and build defenses. Additional assistance came from U. S. Russian War Relief (a private, nonprofit organization) and the Red Cross who also sent supplies. Again, it could be suggested that it was Stalins political ability that allowed him to form these alliances that proved to be so vital. However, for the supplies from the Red Cross and Russian war relief he cannot be accredited and it could be argued that the allies did not aid Russia due to Stalins diplomacy but merely in an attempt to defeat Germany. Despite the destruction of the war, the Russian economy managed to keep the front supplied with weapons and other supplies. The move to dismantle factories and rebuild them in the remote Urals once the Germans had begun to infiltrate Russia proved to be very successful. 1500 enterprises and 10 million people were transferred eastwards and the new industrial heartlands began production. The planned economy also meant that industrial plants were converted into military production factories (for example, in Moscow a childrens bicycle factory was converted into a automatic rifles factory). Without this economic planning, the Red Army would not have been supplied tanks, guns ammunition and planes in adequate quantities (in fact, by 1943 the Red Army was achieving this). However, yet again the ideas for the planned economy and the move of the factories were announced by Stalin and therefore their successful results and vital contribution to the war could be said to be a result of cunning planning and economic efficiency. Further than this, Stalin managed to mobilize the entire urban society into production. Similarly to the five year plans, anyone of a working age was forced into labour, including the women. For example, in 1942, women made up 53% of the urban workforce. Without this mobilisation, the factories would not have run to full capacity and production levels would have fallen substantially. Stalin also cleverly ensured that the workers would not resent the regime by increasing wages (wages rose by 75% between 1938 and 1944) and those in regular manual employment were guaranteed survival through the network of Ors (workers provisionary department) shops at their places of work. Obviously the Red Army must be accredited with at least some of the war success. Although it was initially disorganised and was unable to adapt to the defensive tactics now necessary, this was the result of Stalins fierce purges of the Red Army causing military leaders to be wary of taking any initiative or acting without firm orders from the leader himself. The Army was however, heroic in nature and had many successful attacks against the Germans (for example, the Battle of Kursk). Another initial weakness was the dual command of the Politruki, but Stalin did end this when he realised it was a hindrance to the army rather than a help. Stalins choices in military men had both positive and negative effects on the war. He was often seen to give leadership powers to those who were his close friends and allies, often with poor results. An example of this is Kulik who delayed the production of Katyusa rockets and T34 tanks due to a belief that more old fashioned artillery and horsepower were more effective war methods. However, Soviet success was also the result of meticulous planning and military excellence of many other of the Russian leaders, for example Vasilevsky who was responsible for the planning and co-ordination of all decisive offences and Chuikov who commanded in Stalingrad. The man with the most influence militarily however was General Zhukov who oversaw the defence of Leningrad and orchestrated the first breakthrough, commanded in the Battle of Kursk and launched the final attack on Germany, including capturing Berlin. Further than this Zhukov was more fearless than many others of the leaders and stood up for his military ideas. It could be suggested that this was the main reason that Stalin eventually accepted that his tactics needed updating and moved away from his previous military ideas. Had the Red Army continued with these they may never have won the war as the outdated tactics were very unsuccessful. The Stavka ended up being a very effective team, some disagreement with Stalin was tolerated and the result was concrete military decisions that resulted in Soviet success. It is possible to completely blame Stalin for the initial Russian failures for a further reason. Previous to Operation Barbarossa, Stalin had been warned of the German attack but simply ignored this and made no defensive military plans. Therefore when under attack, the army only had defensive strategies available. This was particularly a problem due to the lack of initiative that generals were willing to take as explained above. Some debate still remains over why Stalin refused to acknowledge the information but it was probably a combination of Stalins overconfidence in the character of Hitler and other circumstantial information (such as 22nd June was theoretically too late to attack as it was too close to the Russian winter). For these reasons Stalin was certainly a hindrance to the Russian side at times. However, he did change his tactics eventually which was obviously a difficult move for Stalin as it resulted in a loss of face. Another of Stalins failures was his refusal to sign the Geneva Convention for human rights. Therefore when Russian prisoners of war were captured they often ended up in extermination camps in Germany. Many Russian war prisoners ended up fighting for the German side in preference to being killed. An example of this is Andrei Vlasov who set up a Russian Liberation Army who fought for the Germans; he was later used as a figurehead for German propaganda. If Stalin had signed the agreement the Germans wouldnt have had any extra re-enforcements. Another general factor for the Soviet success in the Great Patriotic War is psychological and social. The role of the Russian people undoubtedly contributed to the war effort. Other than the obvious roles they played in the factories, farms and on the battlefront itself, the sheer heroism of many of the people is astounding. For example, within Leningrad the Russian people failed to give in to German terror for 872 days, despite the constant attack from the skies, bitter famines spread throughout the whole city, horrific death rates (in December 1941, 53000 people died in Leningrad (this was as many as the total deaths in 1940)) and rations that were barely enough to survive (bread rations were 400g a day but decreased to 250-125g in December/January 1941). This strength of the nation was seen in other places, such as the partisan units that were set up in the German occupied areas. Often the members were Red Army troops that had not retreated quick enough to stay in front of the Germans, but many were also civilians united in a hatred for the Nazis. They were effective in tying down Germans in certain areas, harassing German soldiers but most importantly showing the opposition that Russian influence was still present in their occupied areas. The sheer hatred that the Russians felt for the Germans was also influential to Soviet success, and the treatment in the camps was certainly a contributing factor to this. Another reason for this was the treatment for the Russians in the German occupied territory. The Germans viewed the war as a war of extermination and used the Slav people as sub-humans. An example is a quote from Hitler if 10,000 females die of exhaustion digging an anti-tank ditch, my only interest is that the ditch is dug for Germany. Only towards the end of the war did the Germans realise that it would be much more effective to try and keep the Russians on side. An example of the earlier brutality is the 34,000 Jews and Soviet citizens massacred at Babi-Yar which was an attempt to cleanse Russia and create living space (lebensraum). This is important for the war as the Russian hatred fuelled their desire to defeat the Germans and individuals would work harder and faster in whatever role they were contributing in. It could be suggested that Stalin did help influence this as his speechs were always hugely anti-German and highlighted the deaths and terrors inflicted upon Russia. He also contributed to the propaganda that was circulated in the war which showed clearly the brutalities of the war to the Russian civilians. This was to influence the Red Army and partisans to fight for motherland, for honour, for freedom and for Stalin. Stalin also managed to mobilise and encourage women into the war effort. Women took on roles within factories, farms and other mens positions such as miners and welders. At the beginning of 1940 women made up 41% of labour front and over 800,000 saw active service on the battlefields (ordered after 1942). Another social change that Stalin made during the war were the religious concessions. For example, in 1942 the labour camps were searched for religious men who were then allowed home and in 1943 they Russians elected a new patriarch and synod. These proved very successful and brought him more support as the religious Russians had previously felt oppressed. Stalin as a war leader was always resolute and determined. It is unquestionable that Stalin was courageous, despite German attack he remained with his family in Moscow rather than fleeing to Kuibyshev. Although he did make some mistakes, particularly during the openings of the war, he did manage to amend many of these. The ways in which Stalin helped make the Soviet war success certainly outweigh his hindrances in both number and significance. Without such a powerful, charismatic and talented leader, Russia would have been much more likely to be defeated in the Great Patriotic war.

Saturday, September 21, 2019

Vallone v CNA Financial Essay Example for Free

Vallone v CNA Financial Essay In Vallone v. CAN Financial, this lawsuit is a purported class action brought on behalf of individuals who elected early retirement from the Continental Insurance Company in 1992. Plaintiffs allege that health care benefits promised to them as part of the early retirement package were terminated in violation of federal and state law. Along with hundreds of other Continental employees nationwide, plaintiffs elected to accept the package from Continental known as the Voluntary Special Retirement Program (VSRP). The VSRP provided early retirees with special health care benefits that differed from the benefits extended to regular retirees under Continentals Comprehensive Health Care and Dental Plan (the Plan). One such feature involved the Retiree Health Care Allowance, a subsidy from Continental provided to help offset the cost of retiree health care benefits. Under the Plan, employees had to retire at age 62 or older and have 25 years or more of service to qualify for the maximum retiree health care allowance. An employee retiring before the age 62, or with less than 25 years of service, would receive a reduced health care allowance. Early retirees under the VSRP, however, were to receive the maximum health care allowance, regardless of their age or years of service. Features such as this one enticed plaintiffs and hundreds of others to take early retirement. In August 1998, CNA informed all retired Continental employees that, as a result of the merger of health care plans, the retiree health care allowance contributions would end on December 31, 1998. Upset by the termination of the health care allowance, some early retirees under the VSRP decided to challenge CNAs actions. In August and September 1998, plaintiffs Vallone and Heidemann telephoned officials at CNA, arguing that the early retirees were given a lifetime health care allowance and inquiring about whether there would be a review of the termination of benefits. They were informed that CNAs actions were appropriate and final, and that no reconsideration or other remedy was available. Dissatisfied with the responses they received from CNA officials, plaintiffs filed this purported class action lawsuit on behalf of the approximately 500 or more persons nationwide who retired under the VSRP. In their complaint, plaintiffs allege that the termination of the retiree health care allowance violated the Employee Retirement Income and Security Act (ERISA) and state common law. On December 28, 2000, the district court granted CNAs motion for summary judgment on the plaintiffs claims of wrongful denial of benefits under ERISA (Count II), breach of ERISA and common law contract (Count IV) and equitable estoppel (Count V). On March 28, 2003, the district court granted CNAs motion for summary judgment on the plaintiffs one remaining count, their breach of fiduciary duty claim (Count III). The whole of this argument is to show that these individuals â€Å"retired† during the term of the agreement. No matter what new companies when merged or not does in the future you at-least have to fulfill and honor what agreement was in place before that time. Five Star Transportation v. NLRB In early January of 2003, nearing the expiration of the Districts contract with First Student, the District began organizing the bid process for awarding the 2003-2006 bus services contract.   As a part of the bid specifications distributed to potential vendors, the District required that any new vendor give current drivers â€Å"first consideration for employment.†   At the January 16, 2003 â€Å"bid opening† meeting, Five Star submitted the lowest bid. Thereafter, on January 21, Clifford wrote to the District expressing his concern that Five Stars bid was so low-nearly $300,000 lower than the then-current contract-that it was questionable whether it would be able to maintain the drivers wage and benefit levels, and the safe and effective service, then provided by First Student. Because of this a letter was sent out from the school board to Five Star Bus Company, saying that all employees must be paid the union wage and other items with no response. The school board also talked and had them write letters of the former Five Star employees, who were also trying to get back on board with the bus company if they are awarded the contract. After Five Star was awarded the bus services contract, seventeen former First Student drivers who were members of the Union bargaining unit applied for a position at Five Star. Of these, only six were hired. The company admits that the sole reason the other eleven applicants were not hired or even considered was because they had written letters critical of Five Star. On August 14, the Union filed a charge against Five Star with the NLRB alleging that â€Å"by failing to hire former unionized Belchertown bus drivers, the Company had discriminated against them because of their protected and concerted activity.† A three-member panel of the NLRB reviewed the ALJs findings and the parties exceptions and supporting briefs.   It divided the eleven drivers into three categories:  (1) those whose letters had failed to raise common employment-related concerns; (2) those whose letters primarily raised such concerns; and (3) those whose letters primarily disparaged Five Star. The NLRB concluded that Five Star had violated only as to the six drivers belonging to the second group, because only those drivers actions were protected by the Act. It ordered these drivers reinstated and granted back pay with interest. This goes back to over a half century of established National Labor Relations Act both with its hiring and firing practices. Five Star was very in the wrong and should have been better about their hiring and what they used against the employees or hopeful employees to choose for hire. Doing a bit more research on the Five Star bus company and for the contract from 2003-2006, I found that the company had a very bad reputation for poor maintained busses with many break downs. The school was very dissatisfied with the bus company over the three years and did not renew their contract.

Friday, September 20, 2019

An Analysis Of Sainsburys Supermarket

An Analysis Of Sainsburys Supermarket Founded in 1869 by John James Sainsbury along with his wife Mary Ann in London and then gradually grew to become the largest grocery retailer by 1922. Sainsburys is the UKs oldest major food retailer with their first store opened in 1869. It strives to keep up with its trusted heritage of quality with best services. Past: In the early 1990s Sainsburys, market leader so far, lost its position to Tesco and in 2004 it came down to no. three after Tesco and Asda. The downfall involved many reasons including changing managements, lack of innovative strategies, failing to assess the impact of loyalty cards scheme, unhealthy acquisition in Egypt and a misleading marketing strategy which failed to communicate the right message to the consumers. Present: Sainsburys started to fight back and be noticed after Justin King took over the management role in early 2004 and came up with a revival strategy under the name of Making Sainsburys Great Again. The process involved a no. of mergers and acquisitions of small chains in the south east England and the Midlands. The new message of Try Something New Today went really well with the media and the consumer led by the famous celebrity chef Jamie Oliver it encouraged buyers to innovate in their kitchens and make their food interesting. Future: The supermarket industry has reached a saturation point in the UK. How long can Sainsburys go on opening up new stores at locations such that its stores do not start to cannibalize each other? Using the Ansoff Growth Matrix two future strategies are suggested for Sainsburys: Opening up of Sainsburys Travels and Tours Product Development On the basis of the success potential in the travel business, Sainsburys might venture into the Travel and Tours business by way of Product Development as per Ansoff Growth Matrix tool for future strategy selection. Sainsburys has a very high probability of success as measured with the help of SWOT analysis and assessing the keys to success and the critical factors. Sainsburys China Market Development Sainsburys might opt for the Market development strategy by offering the supermarket business to the land of opportunities China. The move will be mad after the necessary PEST analysis has been done and companys SWT has been assessed with Chinese perspective. Sainsburys Strategic Corporate Development History: 1990 to 2004 Corporations are required to add value by mans of their business. The goal is to manage and control the businesses for a long term and sustainable success. The corporate level strategy deals with the choice of the business and the growth and development related to it. Sainsburys enjoyed the position of the leader in the UK supermarket industry up to the early 1990s. It had sustained its image of a name trusted with quality and service. British like old names with some history behind them. The company started to lose its grip in the early nineties due to a number of reasons. There was a change in management after the longtime CEO John David Sainsbury retired. He was replaced by David Sainsbury who bought about a change in the management style. Although the times were changing and some of the people in the management thought strongly about launching loyalty card schemes and also favored introduction of non-food items in the stores, both the options were rejected by the fresh management. The biggest rival Tesco had gradually moved up on the market scales and the internal indecisions help it get hold of better deals from suppliers. We will analyze Sainsburys approach in view of Ansoff Growth Matrix perspective. Ansoffs matrix is a tool that helps businesses decide their product and market growth strategy. Market Penetration: The strategy had been the simple approach of Market Penetration Strategy. As per Ansoff Matrix, this can be easily explained as the company keeps on offering the same product into the existing market. From 1993 onwards Sainsburys was unconsciously moving forward on the basis of wait and see policy. Up till now Sainsburys had enjoyed the position with no real threat. It started with price cuts on almost 30 of its labels, three months after came up with Tesco Value Lime. The move affected Sainsburys profit margins. Product Development: This made the management realize to offer something new to the customers and after Tesco came up with new format stores named Tesco Metro serving the town centers in 1994, Sainsburys responded with announcement of Sainsburys Central format. This approach is interpreted as Product Development strategy where a new product is introduced into existing market. The new project offered shopping facilities to the small towns was initiated leading to Country Town stores. The stores were formatted keeping in mind the distance the buyers have to travel for their weekly grocery shoppings. The new service enabled the customers to do so without going to large, out of town stores. They were mainly planned to be opened I the south east, which has always been Sainsburys strong hold. The 1st store was opened by the end of 1998 in Ongar (Essex). These stores have now been standardized as per the regular stores and they maintain even trading terms Setbacks: The company fell behind yet again in 1995 when the management failed to realize the importance of loyalty cards schemes and refused to go ahead with launch of any such offer. They had to reconsider their decision 18 months later after Tescos club card was introduced. In 1996 the company ventured into opening up of Sainsburys Bank. In addition it acquired Texas Homecare for 290M (GBP) in 1996. These expansions had a major effect on the financials and Sainsburys announced first fall in profits in 22 years. Another reason which affected Sainsburys sales was the perception among the customers that it is more expensive than its rivals. The marketing campaigns failed to convey the message that Sainsburys offers as good quality and value for money as its rivals. The marketing failed to communicate the required message of low cost and high vale and the company endured the consequences. The year 1996 saw Sainsburys losing its position of market leader to Tesco. Acquisition and Divestment: Sainsbury attained 80.1% of share in an Egyptian distribution group SAE. The group provided retailing services in Egypt with 100 stores and almost 2000 employees at the time or acquisition. The decision was criticized by the analyst as it was made during the most testing times of Sainsburys history. The reason behind the decision might have been the success Tesco outside UK. However the meager results shown by the Egyptian business led to the divestment of the share and sale of shares in 2001. The brand re-launch In 1998 the company again went under a management change and George Bull, the new Chairman took over and decided to re-launch the Sainsburys Brand. The new management targeted to revive Sainsburys corporate identity and started with the launch of a new logo, going for a slightly informal font and new slogan of making life taste better. Staff uniforms were redesigned The company underwent a Business Transformation Program (BTP) after the appointment of Peter Davis who showed significant improvement in the companys turnover and exceeded the targets. The BTP involved a 3.00bn (GBP) upgrade of the stores, distribution and IT equipment. The distribution setup included construction of fully automated depots which cost 100m (GBP) each and was later criticized by the new management. Sainsburys moved into the current headquarters at Holborn in 2001. The Nectar loyalty card scheme was launched in 2002 which replaced the Sainsburys Reward Card. Current Strategic Situation: 2004 to date: At the end of March 2004, new CEO Justin King joined the company who came up with a recovery plan for Sainsbury under the banner of Making Sainsburys Great Again. It was a three year recovery plan which was very positively received by the media and the stock market. The strategy involved laying off redundant staff from the head offices and recruiting additional staff for shop floors to increased and improved customer service quality. Sainsburys was having major issues with its stock availability, inventory and supply chain management. The new depot monitoring systems were to be implemented and IBM was given the deal to upgrade the system. Mergers, Acquisitions and Divestments: In 2004 Sainsburys new management under the Making Sainsburys Great Again plan to concentrate on its strong UK customer base, divested the American subsidiary Shaws. It was sold to Albertsons. The no. of convenient stores was increased through an acquisition of 54 Bells Stores chain which was based in the north-east of England. Another Acquisition took place with purchasing o 114 stores of Jackson Stores based in Yorkshire and the North Midlands. The acquisition took place in November 2004. Another small chain of 6 stores was acquired from SL Shaw lt. in April 2005. New Marketing Strategy Try something new today: Sainsburys is at a critical stage at the moment. Sainsburys Supermarkets have gone through a period of dramatic regression, in which they have been surpassed by rivals Tesco and, more recently, in 2004, Wal-Mart-owned Asda. (Global Market Information Database, 2004). It is not easy for an established and old UK brand to vanish off from the market but the competitors have. While it is rare for major brands to disappear completely from the UK high street, these competitors have acquired share from Sainsburys by way of their commitment to low and attractive prices, whereas Sainsburys has been focusing on its Business Transformation Program and has indulged itself in promoting an image of quality, and value rather than being affordable The present day UK customers which have a huge percentage of non British are heavily influenced by the economical changes and are passing through tough times. The message which has been conveyed by the Tesco and Asda was received warmly as it assured them of a combination of quality and assurance along with low price. As a result, Sainsbury is still considered comparatively expensive just because it failed to convey the message through proper marketing. A massive marketing campaign of Try Something New Today was launched in September 2005, which was designed to make people go off the shopping routine encourage them to be more adventurous in food eating. Under the campaign umbrellas, the spokesperson for the campaign Jamie Oliver encouraged the customers to be. The message conveyed was it supplies quality food as well as the only one offering useful ideas to make your food interesting. The aim was to reach and convince all the customers and not only the well off. Sainsburys is attempting to respond forcefully to the challenges it faces, however competition in the UK market is becoming increasingly intense, and Sainsburys faces a difficult struggle to regain the ground it has lost to rivals that continue to expand aggressively The management has a continuous approach towards work with responsibility. They attempt to provide fresh food and innovate with respect to customers needs. It serves over 18.5 million customers every week. The large stores offer over 30000 products along with complementary Non-Food products e.g. the TU clothing range which has over 1 million transactions every week. Along with other services, an Internet based shopping service has also been made available, keeping in trend with the changing requirements o the customers, to almost 90% of UK households. The company has a chain of stores with 537 supermarkets and 335 convenience stores, hence a total of 872 stores in England, Scotland, Wales and Ireland, including Hypermarkets (super large stores- Sainsburys stores- main plus), Sainsburys Central and Sainsburys local (supermarket and local convenient stores format main mission). The company has been eyeing the opportunity of expanding its business outside the UK. Especially the hyper potential in Asia (especially South East Asia and China). By analyzing Tescos huge success in the market outside UK, Sainsburys venture might not be far away. It is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index http://www.j-sainsbury.co.uk/index.asp?pageid=12 http://en.wikipedia.org/wiki/Sainsburys Strategic Direction for the Future: Sainsburys has a history of innovation and it continues to strengthen its relationship with its customers and has gone ahead with the growth of their convenient store operations, the online offers and the Sainsburys Bank. They have a constant approach towards developing new offers in line with the evolving customers demands resulting in operational growth and profitability. http://www.j-sainsbury.co.uk/ar08/businessreview/corporateobjectives.shtml Choosing a Strategy: A marketing tool for making the market strategy is the Ansoff Matrix, which gives us strategic choices for obtaining our business and market objectives. It offers four choices which deal with marketing and growth of existing or new products in existing or new markets. Ansoff On the basis of current scenarios there are two pathways for Sainsburys to opt from, for a sustainable growth and presence for a long time to come. Product Development Strategy: Sainsburys has a huge loyal customer base. The suggested new service product through Sainsburys Travel and Tours will provide these customers to utilize yet another trustworthy service by their trusted name. Market Development Strategy: Although Sainsburys has not yet ventured into the International market but the step might not be that far away keeping in mind the huge success TESCO has had in the international market. Sainsburys could venture into international expansion keeping in mind the growing and still unsaturated markets of China and Southeast Asia. Product Development Sainsburys Travels and Tours: Sainsburys can opt for launching Sainsburys Travels and Tours is by choosing the Product Development Strategy and is introducing a new product into existing market. The growing Travel and Tours market will definitely have a positive effect on the Sainsburys portfolio by increasing its profits and hence strengthening its business. Why Product Development? The Sainsburys Travels and Tours will provide the company to excel and achieve its strategic goals on the basis The supermarket industry has become fairly saturated in the UK and at present Sainsburys is eyeing to expand itself in the International market but it will be a while before it actually does. The Travel industry is a growing market and has a huge potential of growth. The new product will benefit the company earn huge profitability margins which are becoming hard to achieve I the supermarket industry. The Sainsburys has a huge loyal customer base which will be utilized for promotions and marketing purpose. The project has a high probability of success given a chance of a fresh new product offered by a supermarket chain. Market Demographics: Although year 2009 has seen the worst recession since 1930, there are definite signs that the cycle is now turning. Travel industry has suffered consequences of economic crush but the consumer confidence is indicating escalating progress. UNWTO is expecting a reasonable growth of 5% in 2010. There was an upward trend during the last quarter of 2009 which showed 2% upswing. The development is further strengthen by the Air Transport Data from IATA, which shows passenger traffic strength since September 2009 Asia is expected to show the greatest recovery being less effected by the economic crush (comparatively). Growth is also expected to resume in America and Europe. A large number of countries around the world have shown positive growth in the first two months of 2010. Overall the total of tourists arrivals during the first two months of 2010 was 119 million showing 7% improvement as compared to 2009 SWOT The SWOT analysis summarizes the vital strengths and weaknesses of the company. This SWOT analyses the new product line and reviews the opportunities and threats which Sainsburys may face Strengths Image differentiation with respect to Brand name The customer to employee ratio is low Staff is highly trained and customer focused Loyal customer base An interesting, diverse and new product offered by a trusted service provider Established network of outlets Weaknesses Difficulties related to finding employees with required skills and attitude Presenting the customers with interesting offers on continuous basis Lack of experience in the new industry Business limited to UK only Opportunities rapidly growing market all over the world Growing number of people with increasing need and desire for holidays The existing Utilizing the existing Nectar database for identifying potential customers Threats Lingering effects of the slump in economy Natural disaster such as he recent Icelandic volcanoes eruption Highly competitive industry Key to success Sainsbury has always aimed to be the consumers first choice for food, delivering quality products with great service at a competitive cost. The company is striving to achieve the objective of leading margins with diverse market and delivering strong profits every year. The new product will benefit the company earn huge profitability margins which are becoming hard to achieve in the supermarket industry. Critical Issues: What can go wrong? The Sainsburys already has an established huge no. of loyal customers who would be happy to have an option o a different kind of service offered from their trust worthy service provider. The expectation for a stable turnover is based on the fact that it is an established name offering a new product on the basis of its goodwill. How likely it is to happen? The expected growth can be effected by increasing inflation rates. The Travel Industry faced a huge blow after 9-11 incident. What are the consequences? Any unforeseen incident like this (God forbid) will have long lasting effects on the companys growth, profitability and future expansions and plans. Competitive Advantage Nectar Loyalty Card Database The database can provide an excellent competitive advantage because It will help the management to design the product, offerings, and travel and tour packages as per the preferences. The database can also be utilized to acquire knowledge about customers such as No. of family members Spending habits Income estimates Preferences with respect to food etc. Holiday routines Market Development Strategy: Sainsburys could also opt for the Market Development strategy with offering its existing product of Supermarket and offering it to a new market by venturing into a growing international market such as China. China is the promising power in todays business world and its domestic market allows huge potential for international companies with promising growth. Sainsburys is the third largest supermarket name in UK after Tesco, which already has a huge presence outside the UK and Asda which is owned by the industry giant Wal-Mart. The immediate rivals have other sources /markets to benefit from other then UK. But Sainsburys has so far only focused on the UK market and from last two decades its concentration has almost completely been occupied by gaining back the lost market shares from its competitors. For Sainsburys to venture into a new market, a PEST has to be made to know the market better and plan the strategy accordingly. PEST Analysis China: Political and Legal: Since 2001, china has entered into WTO and its market is open or multinationals to trade in. In china, supermarket industry is not considered as a prestigious as some other industries so the government rules and regularities are not so tough. The government is favoring development in the supermarket industry. Social: The demographics of china show that population growth rate 0.629% (2008) in which the youth from 0-14 years comprises of 20.1%. The Chinese customers have become more concerned about issues related to health and safety after the 2008 melamine contaminated milk issue. As per the current shopping trends in China, people prefer to buy in person (online buying is almost non-existent especially daily grocery). The families are very small units on average maximum of 4-5 per unit in sub urban areas where as mostly population in the larger cities is singly. Chinese prefer to buy on daily basis, fresh produce as per days requirement. Technology and development: China is a vast country with underdeveloped infrastructure so there will be immediate warehouse setup requirements. Chinese households have a very low trend of keeping refrigerators at home so big weekly supplies trips will take time to adjust in the culture. Environmental Factors: The plastic bags have been recently stopped in china. The govt. is still trying to establish regular and long term procedures for recycling. All these factors will be required to be kept during the planning and project development phase for Sainsburys China. Furthermore we will perform a SWOT analysis for Sainsburys with respect to its entry in the Chinese market. Strengths: Over a century of supermarket and retail experience Ambition for growth Experience from failed International acquisitions as Egypt. Weaknesses: Cultural difference Expansion will be slow initially Opportunities: A very large market size Huge potential of industry growth Govt. policies favor the Industry Expansion opportunities in the rural/western parts of China Changing consumer awareness with respect to shopping habits Threats: Immature market Rivalry to increase immensely Weak infrastructure Untrained local staff Increasing prices of raw materials Strategic Recommendations: Based on the above analysis Sainsburys should consider a slow and steady expansion strategy in China for long term results and sustained presence. Initially the stores should be opened in the urban and economically grown regions where customers will more readily adapt to change and new trend. Gradually then, on the basis of acquired knowledge, preferences, culture etc Sainsburys should venture into the suburban and rural areas. Sainsburys should use the critical factors involved in the success of the strategy such as It should strive to obtain consumers trust by offering good quality products at affordable prices. Health and safety measures should be the first priority so that no incident like the contaminated milk will occur. China is a big country and the company should fully utilize this factor for the locations o the stores. The locality factor should be given priority wile employing the Chinese as trust and ownership has a great value in Chinese culture. China is a growing country and its economic conditions will affect the pricing of the products Sainsburys should work on differentiating itself from the rivals from day one for developing long tem and healthy relationship with the consumers. Once Sainsburys makes its entry into China market, there is no looking back from the kind of growth and expansion opportunities it may provide. (http://en.wikipedia.org/wiki/Sainsburys ) Conclusion: During the last decade of 1990s and early 2000s saw Sainsburys going through a very testing time in its history. It lost its no. 1 position to Tesco and then no. 2 to Asda. Time saw Sainsburys make some serious lack of judgments on behalf of management decisions related to adapting to the changing times, acquisitions and divestments. The management made a serious lack of assessment while deciding for bringing out the loyalty card scheme. The profit margins were affected as the companys marketing campaign failed to register with the consumers. The mid 2000 saw Sainsburys coming out again to be a Supermarket force lead by Justin King. The new campaigns Making Sainsburys Great Again and the companys new slogan of Try Something New Today succeeded in reach the customers positively. Given the market saturation of the industry Sainsburys has been suggested two options for business expansion using Ansoff Growth Matrix tool. Product Development Sainsburys Travels and Tours Market Development Sainsburys China The necessary SWOT and PEST analysis tools have been used to assess and measure the factor involved and could affect the growth suggested. The Travels and Tours Industry promises growth based on demographics provided by the WTO and the UK travel forecasts. The loyal customers of Sainsburys would be more the happy to have another product offered by their trustworthy service provider. Sainsburys China will provide an opportunity for immense growth of supermarket industry in a vast and massive population of China. Sainsburys should take a steady approach by starting from the urban areas and slowly expanding in the remaining country while studying and adapting to the new culture and country.

Thursday, September 19, 2019

Essay on the Evil in Hawthornes Young Goodman Brown -- Young Goodman

The Evil in Young Goodman Brown  Ã‚  Ã‚  Ã‚     Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚      In my interpretation of the story, I will be discussing three main topics: the beginning conversation with Faith, the devilish character, and Brown’s wife’s meaning in the story.   Young Goodman Brown is about to take a journey like many others before him, across the threshold separating the young unknowing boys and the elderly sages.   This, however, will not be without peril, because aging is a testing process defined by trial and error, and the errors’ prices are sometimes significant.   This errand he is undertaking has an evil purpose.   It seems as though this night has been foreseen long ago by both Faith and Goodman Brown.   The wife begs him that, of all nights, he should stay this one home because she senses trouble.   The purpose of the journey is not discussed, because it is the passage b... ...; The last paragraph of the story indicates that this was not just a journey to mature, because he died like a heathen, away from the religious community.   He strayed his faith and he was punished for this.   Gloom is a big part of this story, symbolizing the forest, unknown, and evil.   The fact that every person in Salem, sinful or pious, was present in the forest can reflect some humor.   They act as zombies by night, and normal people by day, pretending one faith in the gloom, and returning to church at dawn.        

Wednesday, September 18, 2019

Horatio Essay -- essays research papers

Horatio, The One True Friend   Ã‚  Ã‚  Ã‚  Ã‚  William Shakespeare wrote about a distraught prince trying to avenge the wrongful death of his father while all his faith in honesty and the good of man was nearly destroyed. In his play Hamlet, Hamlet is the prince and he is the one who would have lost all his faith in the good of man had it not been for his loyal friend Horatio. Many critics say that Horatio did not play such an important role in the tragedy, that he merely was the informant for the audience and that his character was not developed beyond that fact that he was just the honest confidant of Hamlet. That may be true, however, Horatio does serve two central purposes to the drama, and it is through these purposes that show the qualities that make Horatio memorable and admirable. Horatio is the harbinger of truth. It is through Horatio that the actions taken by Hamlet gain credibility. He is the outside observer to the madness. Hamlet could soliloquize on and on, but it is his conversations with Horat io that gives sanity to Hamlet’s thoughts. His second role is to be the loyal, truthful confidant of Hamlet. The audience meets Horatio in the opening scene of the play. Marcellus and Bernardo, the Danish officers on guard at the castle, ask Horatio to speak to the vision that came to visit the castle. He is asked by the officers to speak to the spirit because he is a most educated scholar and the only one among them qualified to speak in such an intimidatin...

Tuesday, September 17, 2019

The Cracks in Glass’s Career

Stephen Glass was 24 years old when the incident happened. Back then, he was working for The New Republic (TNR) which is reputed to be one of the most influential magazines in America. According to him, the work load was much, the pressure tremendous and they are underpaid. However, the job was made rewarding by the people he works with and their work, the magazine, was read by the people who the cream of the society. The question here is why did the glass shatter? More specifically what made Stephen Glass Break? Long before the actual crack, â€Å"chippings† from Glass can be noticed. These â€Å"chippings† as I have called them are represented by the words he uttered like â€Å"are you mad at me?† and â€Å"don’t hate me†. These words are said by Stephen whenever he was asked by Michael Kelly or Chuck, the editors of TNR to verify a fact from his story. Curiosity will make us ask why he says these things. The answer to this question is that he fears loosing his friends and job. As is depicted in the movie; Stephen is yearning for acceptance which can be deducted as the primary source of â€Å"reward† he gets from his co-workers. The people in The New Republic find him funny and sweet. They also appreciate the things he says about them and the way he treats them. Stephen Glass doesn’t want to lose them. Deep inside him is the gnawing fear that his fictitious places, people and events be discovered. If the inevitable occurs; his job and friends will all disappear. The Glass will lose everything. This is his deepest fear. The chipping continues. Whenever Stephen wrote/created a story, he would present it to the staff in full color to make each one enjoy the account. And just when everybody is having such a good time, he starts referring to the piece as â€Å"silly†, â€Å"stupid† or â€Å"not worth writing†. All the time, Stephen knows his stories are incredible. People even attest to it: A teacher commented that he should write a boring piece once in a while. In these instances, his yearning for acceptance comes out. He wants to ensure that everybody likes his work. Another possible reason is Stephens’ fear of discovery. Almost all his pieces are incredible but he does not know how incredible it is such that people won’t accept it. Most of his stories, if read with a clear mind, will most certainly be doubted. But the idea alone that he works for a big time magazine company makes it credible. The topics which he writes about also go a long way in making his pieces credible. The topics he chooses can be said to be â€Å"secrets† and may seem to be the very type of information to be kept secret from the general public. When most people start their jobs, they always dream of making it big or garnering success. We’ll never know whether Stephen once dreamt of making it big in the world of journalism. But we do know that he did. We also know that he lost it: because the cracks appeared. The New York University journalism hand book for students created a list of laws and ethics in order to guide their students in journalism. Stephen Glass violated three from their list. At beginning of the movie, glass himself said â€Å"do not lie about who you are†. In order to write one of his pieces, which turned up to be partially fabricated, Stephen ‘masqueraded’ himself as a member and did not identify himself as a journalist. The second violation is on ‘quoting’ which he did by making up quotes which was not said. It should be pointed out that according to the NYU hand book, a quote must be a word for word account of what the interviewee said. The third and greatest violation is on ‘fabrication’. According to the movie 27 out of 41pieces he wrote was either partially of wholly fabricated. Stephen Glass made some mistakes. Major ones. However, before we throw stones at him, it must be noted he was still in his early 20’s when the story happened. Just a slip and somehow the work load and pressure got into him. Glass lied. Someone saw through his veils of fiction and fact, investigated and found out he twisted the truth. The Glass started breaking; small cracks at first. But when it started, Caitlin a co-worker saved him or at least tried to. Chuck the new editor of TNR was bombarding Stephen with questions on facts about a piece called â€Å"Hack Heaven†. Caitlin said that Stephen may have made his mistakes due to panic and pressure. While watching the movie, the viewer cannot feel but get angry for Stephen even more because not like Caitlin, I know better. Glass may be just a kid but he can lie his way through jurymen without blinking. He admits it as he said during the movie that he knows what moves a person. The Glass breaks. This time long cracks appeared. Chuck found out that Stephen may have lied on more than one occasion. He comes rushing to Stephen with evident fury in his eyes and tells him he is fired. Stephen never liked Chuck. He may have hated Chuck because the guy replaced Michael Kelly, the editor Glass admires because Kelly fights for his staff. This is rather unfair as Chuck also fights for his staff. When the cracks started appearing, the editor was overwhelmed by the idea of the piece being partly fictional. He even tried to protect Stephen from the journalist who found out but the Glass cracked totally and Chuck was the first to see the cracks. One by one he read trough Glass’ articles and realized such an incident may have happened before. Chuck was furious; his fury was fuelled by the discovery of being played as a fool, of reading lines after lines of fiction he will publish as facts, of defending a liar and of hearing and believing Stephen’s lies whenever confronted with the truth. So didn’t he drive Glass to the airport? He is tired of hearing Stephen’s side of the case which always ends up as a lie. We can see instances from a class where Stephen made a talk as a journalist throughout the movie and use this to explain how far his lies got a hold on him. This also shows how much it took away from him what he once discovered. And the Glass shatters. â€Å"You have to know who you're writing for, and you have to know what you're good at. I record what people do. I find out what moves them, what scares them. and I write that down. That way they're the ones telling the story.† Everyone lies. But a journalist must not. He cannot. Works Cited Penenberg, Adam L. NYU Journalism Handbook for Student: Ethics, Law and Good Practice. New York. â€Å"Shattered Glass Script†. Shattered Glass Script – Dialogue Transcript. 4 May 2008 ; http://www.script-o-rama.com/movie_scripts/s/shattered-glass-script-transcript-stephen.html; ; ; ; ; ; ; ; ; ; ; ; ; ; ;

Monday, September 16, 2019

Mary Wollstonecraft and the Early Women’s Rights Movement Essay

Who was Mary Wollstonecraft? Mary Wollstonecraft was a very complex person and to try to completely describe who she was would be impossible. However it’s not impossible to share her life and what she accomplished. Mary was born in 1759 in London; she was the second of six children. Her father was an alcoholic and her mother was a battered house wife. Wollstonecraft tried to protect her mother from her father’s attacks but she was also a victim of her father’s abuse. She had very little formal education and was largely self-taught. When she was nineteen she went out to earn her own living. In 1783, Mary helped her sister escape a miserable marriage and later on the two sisters founded and taught at a school in Newington Green; an experience from which Mary drew to write Thoughts on the Education of Daughters: With Reflections on Female Conduct, in the More Important Duties of Life. Shortly after Mary became the governess in the family of Lord Kingsborough, living most of the time in Ireland. Following her dismissal Wollstonecraft spent several years observing political and social developments in France, and wrote History and Moral View of the Origins and Progress of the French Revolution. In 1790 she wrote Vindication of the Rights of Man, the first response to Edmund Burke’s Reflections on the Revolution in France. Mary Wollstonecraft’s most famous work which got her the reputation as a feminist was A Vindication of the Rights of Woman; it was published in 1792. Her first child, Fanny, was born in 1795, the daughter of American Gilbert Imlay. When Imlay deserted her she tried to drown herself. Eventually she recovered and went to live with William Godwin, a longtime friend. She then married Godwin in 1797. Wollstonecraft died a few days after the birth of her second daughter, Mary. Before Wollstonecraft died she had been writing a book called Maria, or the Wrongs of Woman; it was published unfinished in Paris in 1798. Wollstonecraft believed that women’s freedom should extend to their sexual lives. In her writings, she compared married life for a woman to prostitution. Mary argued that women had strong sexual desires and that it was degrading and immoral to pretend otherwise. Mary Wollstonecraft’s View on Women’s Rights Early on in her life, Mary Wollstonecraft began making great contributions and brought new and not well-received views on women and society. She fully supported that if girls were pushed and encouraged from an early age to develop their minds, it would be seen that they were fair balanced creatures and there was no reason whatsoever for them to not to be given the same opportunities as boys with regard to education and training. She believed education could be the salvation of women, education held the key to achieving a sense of self-respect and anew self-image that would enable women to put their capacities to good use. She insisted women be taught serious subjects like reading, writing, arithmetic, botany, natural history, and moral philosophy. In proposing giving the same education to girls as given to boys, she went a little further and proposed that both girls and boys be taught and educated together. Now this was even more extreme than anything that was proposed before because the mere idea of co-educational schooling was simply looked on as absurd. Many educational thinkers of the time considered co-educational schooling a ridiculous idea. Wollstonecraft called herself â€Å"a new genus† a woman who made her own living my writing. At one point in Mary Wollstonecraft’s life she was homeless, without a job, she had nothing to live on and she was in debt to many people. She was 28 years old and had no plans to marry any time soon. She had nothing yet she still refused to learn the techniques where most women in her situation would usually try to make life decent enough for themselves to live. In other words they would surrender themselves to the will of man or their social superiors, but she refused to do so, she was â€Å"a new genus.† She believed that marriage as it was practiced was the equivalent of legal prostitution, and that women would never be able to show the ability to be independent, reasoning, free human beings as long as they were only educated â€Å" to catch a man†. Wollstonecraft thought that women should be educated to support themselves, with or without marriage, and that they should be able to have the same professions as any man. At the very least she believed women should have equal rights to custody of their own children and be able to control their own money. Mary Wollstonecraft had believed that when revolutionaries had talked about â€Å"man,† they were using shorthand to describe all humanity.Then in 1791, former Bishop of Autun promoted  government schools that would end at 8th grade for girls but continue on for boys. This made it clear to Wollstonecraft that despite all the talk about equality between men and women, the French Revolution wasn’t planning to help women as much as it said it was. She then began writing her most famous work, A Vindication of the Rights of Woman. It was published in three volumes. During the late eighteenth century in Western Europe, single women had very little protection under the law and when they were married women lost their legal identities. Women couldn’t have a lawyer, sign a contract, vote, inherit property, or have rights over their own ch ildren. William Blackstone, an Oxford law professor, wrote † The husband and wife are one person in law; that is the very being or legal existence of the women is suspended during the marriage or at least incorporated and consolidated into that of the husband: under whose wing, protection and cover, she performs everything.† Basically saying that when a woman gets married her identity and existence is taken away legally. Some of her identity is shared with her husband but over all she does not legally exist and the only protection and safety she has is with her husband, who she must do everything for. Then along came Mary Wollstonecraft, who caused quite a stir with her book A Vindication of the Rights of Woman. She believed that women and men were both human beings empowered with basic rights to life, liberty, and the pursuit of happiness. She insisted that women should be free to enter business, pursue professional careers, and vote if they wanted to. Mary took the task of helping women to achieve a better life, not only for themselves and for their children, but also for their husbands. Wollstonecraft inspired many people because she wrote with such passion and spoke from the heart. A Vindication of the Rights of Women A Vindication of the Rights of Women was one of the earliest works of feminist philosophy. In the book Wollstonecraft argues that instead of viewing women as ornaments to society or property to be traded in marriage, women are human beings and deserve to have the same essential rights as men. Wollstonecraft was encouraged to write A Vindication to the Rights of Women after reading Charles Maurice de Talleyrand-Perigord’s 1791 report to the French National Assembly. The report stated that that women should only  receive a domestic education; she used her interpretation on this specific event to launch a broad attack against sexual double standards and to accuse men for encouraging women to indulge in excessive emotion. She even dedicated A Vindication of the Rights of Women to Talleyrand, who at the time was designing a national education program for boys in France. She hoped to convince him that a system like that should include girls for the same programs and in the same cl assrooms as boys. How Mary Wollstonecraft made a difference for Woman’s Rights Throughout her whole life Mary Wollstonecraft had been fighting for equality for women, but what got people’s attention was her book A Vindication of the Rights of Women. In the book she not only argues that women should have the same educational opportunities’ as men she also wrote that women should have the same rights as men within the law. A Vindication of the Rights of Women covered a wide range of topics relating to the condition of women. When making her argument supporting the equal education for woman Wollstonecraft also talked about her theories on the social, legal, and environmental causes for the rank of women. After writing A Vindication of the Rights of Woman, Wollstonecraft rose up into a class of her own. She had gone beyond many others who had written about educating women and those who had done well by making the most of the lower position of women. A large amount of women novelists had portrayed women who achieved heroic moral importance, but they didn’t always celebrate women with brains. During her lifetime, Wollstonecraft raised argument in support of Women’s Rights that would become important in the Women’s Rights movements of the following two centuries. Her work in pursuit of equality for women led her to being named the founder of the British Women’s Rights Movement. Mary Wollstonecraft was a pioneer for women. She envisioned a future when women could pursue virtually any career opportunities. She led the way for feminists and her book is a classic that still inspires people today. Bibliography Primary Sources: Mary Wollstonecraft, Political Writings; A Vindication of the Rights of Men: A Vindication of the Rights of Woman; and An Historical and Moral View of the Origin and Progress of the French Revolution, ed. By Janet Todd (Toronto, 1993). Shows excerpts from the books Mary Wollstonecraft wrote and talks about them. Mary Wollstonecraft, A Vindication of the Rights of Woman (Penguin, 1993). The whole copy of A Vindication of the Rights of Woman. Mary Wollstonecraft, Maria or the Wrongs of Woman, ill. By Anne K. Mellor (Norton, 1994). The last book, left unfinished, that Mary Wollstonecraft wrote. Secondary Sources: Flexner, Eleanor. Mary Wollstonecraft: A Bibliography. New York: Coward, McCann, & Geoghegan, Inc. 1972. Shows how Wollstonecraft’s early life had a big impact on the development of her ideas. Kemerling, Garth. Mary Wollstonecraft (1759-1797). 1996. (November 13, 2000). This website goes over some of Wollstonecraft’s observations at the school where she taught and it talks about all the books she wrote. Kreis, Steven. The History Guide: Lectures on Modern European Intellectual History. (May 13, 2004). The website gives a short biography of Mary Wollstonecraft’s life. This website also gives links to Wollstonecraft’s writings. Feminist Interpretation of Mary Wollstonecraft, ed. By Maria J. Falco (Penn. State, 1995). Talks about Mary Wollstonecraft’s life and accomplishments in detail.

Sunday, September 15, 2019

Audit

Explain the impact of key court cases on the public accounting profession. 4. Describe auditor liability, discuss auditor responsibilities, identify possible auditor defences, and discuss possible remedies and sanctions available under both common law and statutory law. 5. Identify professional requirements that help assure audit quality and minimise auditor exposure to liability suits. 6. Describe defensive actions that audit firms can take to limit the effects of litigation on audit firms and individual auditors. 7.Apply the decision analysis and ethical decision-making frameworks to issues that could result in litigation. Teaching Suggestions Even though most audits are properly performed, a significant ppercentage of the gross revenue of public accounting firms is spent on professional liability insurance and litigation costs. Litigation costs and settlements caused Andersen, once the world’s largest public accounting firm, to declare bankruptcy. In today’s litigiou s environment, it is extremely important that auditors use due professional care to minimise such costs.Even when due professional care is exercised, the government, iinvestors, and clients may still sue auditors. This chapter discusses the legal environment and concepts related to audits, and approaches to minimising exposure to liability. It also looks at several key court cases and their impact on the profession. The challenge when teaching this material is to impart to sstudents a genuine understanding of the legal environment in which auditors operate without overwhelming them with material to memorise that they are unlikely to remember.This challenge is heightened by the need to stress the importance of ‘liability avoidance’ without leaving the impression that it is the major focus of the audit process. Begin by reviewing pertinent legal terminology. Then discuss the litigious climate for auditors and how that climate has changed over the past few decades. Reasons for the increase in litigation, often settled out of court include greed on the part of unscrupulous financial report users and preparers, ignorance and neglect on the part of auditors, and a volatile business climate characterised by numerous business failures.Public distrust adds to the problem. Stress the impact of litigation on the profession: (1) considerable resources expended to litigate, (2) some distrust and loss of credibility in the public accounting profession which is heightened by negative media coverage, (3) proliferation of new auditing standards, and (4) pressure from stock exchanges which has resulted in the establishment of audit committees and ‘comfort letters’ to underwriters. It is helpful to go over the concept of due care found in tort law.Ask sstudents how they view their liability if, as new employees, they are asked to complete a task that they do not feel qualified to do. Explain the imprecision of the ‘reasonable man’ concept a nd the problems that arise when ‘ordinary citizens’ sit on juries involving technical matters with which they are unfamiliar. The text outline can be followed when discussing the specific legal concepts that affect the auditing profession including the auditors’ liability to clients and third parties.

Saturday, September 14, 2019

Discrimination: a Class Divided

The PBS video, A Class Divided, has brought to light a sensitive subject that has plagued societies for hundreds, even thousands of years. I have learned a lot about discrimination by watching this video. I was not aware that discrimination is a learned behavior. It seems that anytime there is a situation in which someone is viewed in a critical way, called out on those facts, and an opinion on those facts is expressed, it is a potential for discrimination. It only takes the views of one person to alter another persons perception of the world around them. There are several scenes from the video that has left a lasting impression in my mind. One of the most impressionable events was on the second day of the experiment. On this particular day, Jane Elliot called the children together to discuss what had been happening for the past two days. Once the children were discussing how it made them feel and how wrong it was to treat people that way, I thought that it was amazing that third graders could relate the experiment to real life discrimination. I feel that these children really learned what is was like to discriminate against someone and to be discriminated against. Another scene that left a lasting impression on me, was the last scene of the program, when Jane Elliott was debriefing the adults from the correctional facility. That experiment, even in such a short time, proved how easy it was to break down the barriers of what is right or wrong. Even hough the adults were less tolerant of the ridicule and demeaning accusations, most did not say anything, and the ones that did just gave the discriminators more ammunition. The things that surprised me the most was how easy it was to turn the children against each other. It seemed so easy for the first group of children â€Å"on top† to find things to blame on the inferior group. It was almost automatic that the children in the inferior group to be offended or feel badly when called â€Å"brown eyes. † I didn't think they would react quite so quickly and feel so b ad right away. The blue-eyed children were mean and found lots of ways to discriminate against the brown eyed children. However once the brown eyed children were â€Å"on top† the terrible feeling about themselves seemed to diminish rather quickly, and I think since they knew how it felt to be on the inferior side they were not as mean and the first group of children that were â€Å"on top. † The children that participated in the experience learned a very valuable lesson and were able to carry these values with them through adulthood. It was amazing to me to see how stating facts like the color of someone's eyes and adding an opinion to them, like they are smarter or better, can trigger such negative feelings. The names they used were not necessary derogatory, but were perceived as derogatory because stereotypes and discrimination attached to them. The children learned that just because they perceive something as being acceptable or normal it may cause someone else to feel bad or be hurt. The children also learned that teasing is hurtful and mean. By setting distinct divisions, such as, giving the blue-eyed children five extra minutes at recess or not allowing them to play on the playground equipment the next day enforced the segregation and gave the children sense of hopelessness . Not allowing the children to play together made them feel as if their friends had just been taken away and that they were not as good or smart as the other group. Overall, what the children learned, is to except each other. Even though there are physical differences, human beings deserve to be treated equally and fair no matter what color their eyes or skin may be. I think that this experiment runs parallel to the Sioux prayer â€Å" Help me not judge a person until I have walked in his shoes. † This activity teaches us that we can not fully understand how it would feel to be the minority and to be discriminated against unless put into a situation of such. Nor would we able to judge someone harshly for who or what they are until you have experienced it first hand and literally walked in their shoes.

Friday, September 13, 2019

25 Summer Programs at Stanford for High Schoolers

It’s the time of year to start planning your summer! If you have a few weeks to spare and want to try something new, consider applying to one of these 25 Stanford-based summer programs just for high school students. You have worked all year to earn good grades and make the most out of high school. With summer around the corner, it can be tempting to kick back. While some rest is probably overdue, so is some exploring. Here are three reasons we think dedicating a few weeks to a program will give you the summer of your dreams. Meet peers with similar interests and drive. Some of the best and brightest students from around the world gather at Stanford each summer to learn from world-class faculty––and each other. Use this time as an opportunity to swap stories, share study tips, and dream together. Get ideas for how to pursue your passion . Students aiming to attend top tier colleges and universities will need a lot more than participating in a summer program to make their application stand out. That said, taking captivating seminars and going on mind-blowing expeditions offers a great starting point from which to continue exploring your passion after the program ends. Learn what life on campus is like. If you have dreamed of going to Stanford, an on-campus residency program gives you the opportunity to test the waters. Over several weeks, you will experience the daily rhythms of Palo Alto and learn whether this Golden State university is right for you. Spend seven weeks working in an active lab conducting research. Keep in mind you must have at least a 3.5 weighted GPA, with all As and Bs in science and math classes. Additionally, you must live within 25 miles of Stanford’s campus and come from a low-income family. You must also be the first person in your family who plans to graduate from college. Please ask a teacher to nominate you using this form . Ever wonder what makes chimps smaller than gorillas? Â  You can delve into questions about body size evolution during this 8-week program. Note: You must be from the San Francisco Bay area to participate.

Analysis of Griffith's Movies Essay Example | Topics and Well Written Essays - 1250 words

Analysis of Griffith's Movies - Essay Example This paper is about the movie directed by D.W Griffith and actress included Mary Pickford which was made in 1912. This movie was made in their early movie careers. The story of the movie starts with a Dying Mom’s wish and how this wish affects everybody’s life. In the beginning, it looks like that the movie is not coming up to the standard of the story line of the movie. Pickford is portrayed as a charming young lady. This short movie is a very good example of the human nature and it seems like the director has observed human nature very closely and efficiently. Mary Pickford is shown in the early movie as a girl that belongs to wear a New York hat. Other than its historical importance, this movie proves to be a very good source of entertaining the audience. While watching this movie the Modern audience should keep in mind that â€Å"The New York Hat† was made according to the norms and the general practices that were being observed at the time when it was made. At the beginning of the movie Mary is successful in gaining the sympathies of the audience. Because she is a young girl whose loving mother dies leaving her all alone, all that is left in this world for her is her father who is not only miser but also fails to prove himself as the protector of the girl. When in this situation she receives a hat as a gift from her pastor it means a lot to her and she develops a special place in her heart for that gift. It also shows that she is so lonely that such a small gesture makes her feel important and wanted. This captivates the minds of the audience as the story unfolds. The girl who is already frustrated by the behavior of her selfish father gets further annoyed when the whole town starts talking nonsense about the words that were exchanged between the pastor & the girl. Upon hearing these rumors the father becomes angry and tears the innocent gift given to her by the pastor. At this point of the movie this incident provokes the audience and they are so appalled by her father’s behavior that all they want is the justice for the innocent and badly hurt young girl. The modern audience especially feels that such a selfish father should be brought to justice and punished for this unnecessary and unprovoked act. At this point the steps taken by the pastor to protect the young girl appear to be very naive and appropriate according to the situation. The question is that whether or not the people of the town will understand his friendly behavior towards the young girl as nothing more than an innocent friendship. Despite the fact that the mother, knowing the nature of her husband, has written a letter to the pastor to take care of her young daughter, the town does not approve of this relationship. It must also be kept in mind that the age of the young girl is not clear at this point although at some points she looks like a 16 year old but in some other scenes she appears younger than 16. The general opinion of the people is that girl being so young is supposed to be naive, however, the pastor being the elder party should have been more careful while communicating with the girl. The movie fails to answer the question that whether the pastor was romantically involved in the girl or was he just trying to help her. So the questions raised in the mind of the audience are not satisfied when the movie ends they go back home wondering about the intentions of

Thursday, September 12, 2019

Islamic Finance Essay Example | Topics and Well Written Essays - 1500 words

Islamic Finance - Essay Example In capitalism individuals have more choices where individuals are free to make decisions about their life, family, political involvement and business. In socialism individuals are not in control of their own decisions. In contrast to capitalism and communism; Islamic system also allows free decision making to individual until Islamic teachings and principles are not violated. In Islamic economic system individuals are required to take care of Islamic norms and values that do their actions and decision justify Islamic teachings or not? If individual’s actions are acceptable according to Islamic values only then individuals can decide freely. Information provision in capitalism is not free but has certain cost. In capitalism government does not provide information, it is assumed that information is out there in the market while individuals are required to explore market and extract information. Though information is available in the market but it encourages exploitation of indiv iduals who are not well aware of the prices. In contrast to capitalism; in communism and Islamic system information is freely provided to customers by the government. Under these systems government believes in protection of consumer rights and consider it the responsibility of state to keep people aware of market prices. Since capitalism delegates liberalization hence individuals have every right to own property. Individuals are free to buy and sell property anywhere in the world (LIODAKE?S, 2010). Similarly Islamic teachings preach equality, freedom and liberty by which individuals are free to buy and sell property but beside right to property individuals are bound to pay zakat for their property at the rate of 2.5% annually (AZHAR, 2010). Contrastingly in communism individuals have no right to own any property where as any property within the state is owned by the state. Individuals under communism are allotted piece of land according to their services and responsibilities yet the y cannot declare ownership to that piece of land. In today’s modern world, incentives, innovation, goals, targets, profit, entrepreneur, innovation and growth are common to be heard in capitalism which indicate constructive and developmental nature of capitalism. Western life style can be quoted against where innovation, goals and incentives are deep rooted in their daily conscious. Capitalism promotes concepts of open economy (REDWOOD, 1993). No doubt communism brought enormous growth, incentives and progress to Russia but that cannot be announced open because all incentives were available to the ruling elites and to the party members while commoners were only the workers (RESNICK & WOLFF, 2002). Islamic system promotes equality where theoretically layman has the same rights and opportunities as of elites. Under Arabs, Islamic system got much popularity, growth and success but in modern world, Islamic system is hardly in practice to defend its theoretical principles (MIRAKHO R & ZAIDI, 1988). The role of government in the capitalistic economy has no existence but even in United States, this principle has never been truly practical. The idea of free market in reality means government rules and regulations because without regulations, capitalism can never exist (HEILBRONER, 1993). Free market economy is faced with some market imperfections that are needed to be corrected by external authority whereas government is the third party to fix the bugs. Unlikely in modern communism