Saturday, April 11, 2020
Population Growth Problem Essays - Demography, Human Overpopulation
Population Growth Problem The growth of the world's population is a problem that many people see as being addressed at some point in the future. While we live in a country that is reaping the benefits of a superpower, most of the United States is disconnected from the problems of population growth. In this paper, I intend to address three major issues. How long will we be able to support our planets food needs? How can we deal with population growth in the present day? And How come certain areas tend to have larger population growth than other areas? But first in this paper, I will see how the theories of sociologists and demographers fit into the Earth's population problem. THEORIES MARX 1818-1883 Karl Marx viewed a capitalist society as an economic system that was bound to fail. In Marx's opinion this eminent failure was based in the design of the system. According to Marx, In the capitalist economy there are two major groups; the bourgeoisie and the proletariat. The bourgeoisie are those who own the means of production, have the power. The proletariat are those that work for the bourgeoisie and are at their mercy. At the economy develops, the gap between the bourgeoisie and the proletariat grows wider and eventually all the capital is controlled by a small percentage of the population and the proletariat is forced into poverty. To someone with little or no sociological background, the above paragraph has nothing to do with population as a social problem. But if you fit population into Marx's description of the capitalist system, it is more relevant than at first glance. The best way to make this point clear is to provide two hypothetical situations. Family X is a middle class family that is doing well financially and they tend to have more children than if they are not making so much money. But as the bourgeoisie gains more and more control, families like X have their income driven down and ultimately have fewer children. Families must have enough money, food, etc. to survive. If they don't have these goods and they can't control their wages, they must control they must control an aspect of their lives that would allow them to survive, whether or not to have children. Family Z is an extremely wealthy family that more or less monopolizes an aspect of their economy. As the economy progresses, family Z is able to drive down the wages of their workers thereby increasing their profit. Since a family like Z is only a small percent of the population, there is no worry whether or not they have many children. So in our society, according to Marx, we have nothing to worry about. As long as we continue with our economic trend, population will fix itself. Now if you look at Marx's theory on the whole, it makes a lot of sense. MALTHUS 1766-1834 Malthus was a sociologist that was the author of Population: the first essay. This essay is about the perfection of mankind. Malthus describes the different stages that man has gone through and he provides theory to control population. Malthus was sure that we can control population if we are able to use moral restraint. If we can fight against our natural urges to have children, it will keep population growth in check. One of the reasons that we have to control our natural urges is that there will not be enough food to support our population. Maltus feels this way because population grows at a geometric rate, while food can only be grown at an arithmetic rate. So we are in effect sealing our own fate by having children. Malthus says that by thinking about all of the hardships that our children will have to face, we will be motivated not to have them. So while Marz's theory more or less happens on it's own, if we are to listen to Malthus some work is to needed by us. WELD Weld is a contemporary Canadian sociologist that deals with population problems from an aspect that can be more easily understood by people of our time. In one article "Confronting the Population Crisis the twenty one most commonly used arguments to confound the issue." In this article, Weld is able to respond to those that don't view population as a social problem. Although I would like to go into each of Weld's responses, this is not a paper on her, so I will only choose a few. Her response to argument 2
Tuesday, March 10, 2020
Economic Deflation in the Euro Zone
Economic Deflation in the Euro Zone Introduction Between 2009 and 2011, the entire world experienced a global recession that decreased the purchasing power of most people. The trend mostly affected the US; an idea borrowed from the initial crisis experienced in Europe. Notably, the number of people who spent on luxurious goods and services was minimal.Advertising We will write a custom report sample on Economic Deflation in the Euro Zone specifically for you for only $16.05 $11/page Learn More Most statisticians establish that the cause of the great recession, which the society felt a little later in 2008 was because many banks issued loans to clients enabling them to flood the real estate business. Mortgages became affordable in East Asia, the US, and the Euro zone. Most investors constructed houses whose occupants they are less likely to establish even today. When the world overcame the global financial crisis (GFC) in 2011, most banks including the European Central Bank (ECB) decided to low er its loan interests in order to accommodate the rising needs of borrowers within the euro zone (Ferrero 2014). In turn, the bank that largely depends on taxation, lending, and borrowing fails to achieve its objective in the society. The paper intends to explain how reduction in the prices of goods and services after the GFC is likely to cause a major deflation, and efforts underway to avoid the trend at the microeconomic and macroeconomic level. Deflation Economists equate deflation to a period in which the demand for goods and services grows because of a decrease in prices. They associate deflation with a falling aggregate demand (AD) and an increase in the aggregate supply (AS) (Gnos and Rochon 2011, p. 103). It results in an increase in the potential GDP over the actual GDP of a country. It means that a market experiencing high rates of deflation have high supply of commodities, which emanates from an increase in the purchasing power because of decreased prices. The following i llustrations explain how a decrease in the prices of goods and services influences the purchase decisions, which results in an increase in supply. Causes of deflation are assumptions made by different economists because it occurs differently across diverse regions. Two possible causes are a fall in aggregate demand and an increase in aggregate supply (The autumn statement: ââ¬ËTis not the season 2014). The illustration summarises the fact that when manufacturers increase the production of different products and services, they should match the same with consumer demand.Advertising Looking for report on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More At the microeconomic level, consumers find economic stimulus in price, place, product, and promotion (Jones 2014). The four elements of marketing are very important in determining consumer decision, but the price strategy is an obvious catch when marketers seek to increase the demand levels. After the 2008 to 2011 GFC, manufacturers believed that increasing the supply of products and services would increase the demand. Breaking such economic rules might cause the European Central Bank a great deflation.à Most European countries are capable of borrowing from the central bank with an almost negative interest rate, in order to increase the number of people interested in national bonds and other credit facilities for the development of the Euro zone. This followed decrease in demand for credit facilities after the GFC. The intention was to reduce loan acquisition austerity implemented by most governments after the GFC (Burda and Wyplosz 2013, p. 19). Deflation is not only a problem of the European Central Bank (ECB), but for various manufacturers. In a normal price sensitive market, customers will always wait for a period in which the prices are very low. Delays in purchases reduce the value of the products in the market. When ECB decided to in crease credit finance for the people of Europe, it meant that the euro zone would later subject itself to debt increment. The euro zone has many debt problems within the private sector and the government (Mayes and Viren 2004, p. 17). Through bureaucratic principles, the euro zone survives the bouts of the deflation even though fears continue to increase over the economic stability of the region in the next few decades. A decrease in aggregate demand and an increase in aggregate supply are results of both benign and malign deflation. The 2008 increase in interest rates and prices of commodities was evident because of the increased intake of loans in 2001 and 2007. Benign deflation occurred between 2001 and 2007 determined by a higher supply or productivity and a low demand for loans (Langdana 2009, p. 95).Advertising We will write a custom report sample on Economic Deflation in the Euro Zone specifically for you for only $16.05 $11/page Learn More Such lev els of excess result in an increase in production capacity that exceeds the demand, and it causes a financial slump. In 2008, the demand for credit facility acquisition reduced because of the increase in the rate of interest on various loans. The IMF (International Monetary Fund) and the World Bank among other fiscal, but non-profit oriented institutions played limited role in reducing the risks associated with the deflation rates. The real estate bubble, low consumption power, and high productivity rates created an environment of confusion since the supply extremely exceeded the demand. Benign deflation signified most parts of the 19thcentury especially in relation to the GFC of the 1930s (Basci, Togan, and Hagen 2007, p. 144). A repeat was obvious in 2008 when the world was in the process of experiencing another GFC. Malign deflation occurred past the 19th century, and most European countries experience the effects of the economic concern. Arguably, there is no demand for the manu factured products and services.à Manufacturers and credit firms are very many and the competition is very stiff. Much concern is on the value and the security of a product or a bank offering the loan instead of the interest rates or the product quality. Malign deflation mostly results in organisational layoffs in order for companies to pay the employees. The exchequer also suffers because it has to collect taxes from the taxpayers who do not display the willingness to pay taxes. The negative multiplier scenario becomes evident because the country or the entire euro zone lacks a platform for increase in income, but has to spend on paying workers and outsourcing in order to increase supply of products and services (December 2014 euro system staff macroeconomic projections for the euro area 2014, p. 5). In essence, the productivity levels of countries increase, but there is no demand for the finished products and services. In return, the society fails to account for the needs of empl oyees across diverse industries. Euro zoneââ¬â¢s below target inflation While the US had the Federal Reserve respond to its GFC, the euro zone had to seek the intervention of the ECB. Between 2009 and 2010, Europe experienced the worst case of inflation that made the population refrain from home or business ownership. The FOMC Federal Open Market Committee began creating an appealing environment for mortgage acquisition by august 2010, and the ECB had to create an assurance for the security of investment in most banks within the euro zone. Characterised by the benign deflation, most credit facility acquirers relied on security and value. Price sensitivity became an issue mostly sought after by the societal minorities. In the US, the Federal Reserve (FDR) took a bold step in making credit facilities attractive to the populace between August and December in 2010 (Mankiw 2007, p. 112). Like a security bond or an initial public offer, the FOMC created an opportunity for LSAP (Large S cale Asset Purchases) within the euro zone. The intention was to create an environment of economic stability or stimulus in order to encourage an increase in credit acquisition within the euro zone. In the US, the Federal Reserve ensured that by the end of the year 2010, it recovered fiscal investments while empowering the public to continue accessing credit facilities for mortgage acquisition.Advertising Looking for report on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Many questions arise concerning euro zoneââ¬â¢s preparation for low inflation by following in the footsteps of the FDR. According to the EIB (European Investment Bank), the euro faces the risk of depreciation. Arguably, the euro zone is in the process of transforming into a new Japan. Before the GFC in 2008, the regionââ¬â¢s economy was 2% less than its current state, and the same seems to be the trend to date (Bentley 2008, p. 31). EIB mentions that the euro continues to weaken, while the Southern states continue to gain prowess for their efforts geared at stabilising the troubled economies. For instance, in Germany, industrial production reduced immensely one year after the euro zone experienced the GFC. The following graph illustrates the way recession affected the euro zone between August and December 2009. From the graph, the month of August 2009 presented a period in which many countries within the euro zone faced deflation. In most cases, supply increased while the pur chasing power decreased. The reason was that few people took interest in loan acquisition in order to get mortgage or real estate services in an already flooded market. Germany is yet to recover with a steady rising GDP of about 0.2% annually. Russia, Belgium, France, and Britain are in the process of increasing consumption power by producing quality and security driven products and services instead of concentrating on the price strategy. Russia, Greece, and Turkey experienced conflicts with the IMF as they had to respond to fiscal sanctions put in place after the countries became incapable of repaying their debts (Fertekligil 2001, p. 49). Euro zoneââ¬â¢s concerns and risks associated with the deflation The 2009 global credit crunch resulted in an increase in the cost of energy and basic commodities. Consumers refrained from increased purchases and loan acquisition in order to spend on basic commodities. Houses became very expensive because real estate businesses owners who init ially gained from the deflation in 2008 increased the prices of houses in order to earn high profit margins. The rationale was also to repay the increased loan interest rates, which they would raise from the houses. Even though the ECB reduced the loan interest rates in 2011 in order to attract consumers into loan acquisition, few people displayed interest in loans. Most businesses used capitalist means to set prices for their commodities instead of depending on government controls or other avenues of consumer watch. Banks also resisted loans from the ECB, and in 2009, they only acquired only 0.19% of the offer. Out of the 42 billion Euros offered by the ECB, only 82 million Euros facilitated banks in the euro zone. Other associated risks include improvement of other continents, both household and national debt increase, and reduced expenditure (Minerd 2014). The central bank and domestic banks face the risk of losing clients to microfinance institutions that offer less secured, but prompt loans (Wolfson 2014) Mitigation measures The euro zone strived to find long term solutions to the problem of inflation by reducing the cost of product and service acquisition. It resulted in an increase in supply based on low costs of production, and decrease in demand. Most economics sceptics feel that the reduction in interest rates might be a risky step for the euro zone. The ECB governing council should be completely in support of the process, but few members feel that the deflation awaiting the region will be irreconcilable in the future. Besides reduction in loan interest rates, the ECB promoted the bond worth 10.5 billion Euros, whose response remains low. Initially, the inflation rate within the region was 0.2%, but today it is 0.4% meaning that the euro zone has to continue increasing interest in ECB credit facilities. With a low inflation rate displayed by a 2% annual decrease, chances are that the euro zone could end up with the greatest rate of deflation in the w orld history (Mankiw 2007, p. 128). In France, the central bank decided to issue out a 10-year bond period with an annual 2% reduction in inflation rate since 2006. By 2010, the euro dropped to $1.2437 affecting parts of Portugal, Spain, Scotland, Ireland, and Austria. ECB critics mention that the euro zone should strive at reflating the economy in order to reclaim the rightful fiscal position of the region in the world. Other mitigation measures include the introduction of prolonged loan repayment periods in order make loan repayment manageable for most credit facility acquirers. Continued efforts geared at increasing cash flow within the euro one create losses for the ECB (Herman n.d., p. 92). The effects of the malign inflation increase the rates of unemployment because the excessively low consumer demand translates into low rate of tax collection. On the other hand, the government has to fulfil the needs of the growing labour market while the rate of unemployment increases. Macr oeconomic variables Macroeconomics represents fiscal discussions involving an entire country. It encompasses the makeup of microeconomic debates resulting from household expenditure and its effects on the national expenditure. Variables at the macroeconomic level include economic input and economic output. The euro zone assesses such measure within the private and the public sector with much emphasis on the economic equilibrium, economic sustainability, and rates of employment. Economic Output Experts always measures economic output based on the amount that the society effectively contributes towards the growth of the Gross Domestic Product (Gertler and Rogoff, 2004, p. 13). By 2010, the amount of imports exceeded imports in Scotland, and it meant that the UK GDP slightly reduced by about 1.8% from 2008 to 2009. The measure of economic output results from the rate of unemployment, inflation rate, and interest rates among other factors. Unemployment rates The rate of unemployment in the UK is twice the rate of unemployment in the US today. About 16% of the entire employable population lacks the capability to work in an initially unemployed environment. Unemployment refers to the ratio of the population that has stable job opportunities over the population that lacks placement in a stable institution in which they earn income (Banerjee, Marcellino, and Masten 2005, p. 31). Through employment, people pay taxes, which earn the government revenue through the UK revenue authority. The UK over the past decade strives at creating an environment of a zero unemployment rate, which is extremely difficult to achieve if not impossible. The International Labour Law (ILO) uses the claimant count to measure the rate of employment and unemployment in the UK. According to the claimant count measure, only counts the potential population of workers who have requisite qualifications, but lack placement in the proper job positions (Armstrong, Caselli, Chadha, and Haan 2014). It als o establishes the rate of unemployment based on the population of workers who are seriously looking for employment and the benefits that accompany such positions without success.à Self-employed people who do not earn social security benefits do not qualify for the unemployed in the UK, because they have sources of income from the private sector. The following graph explains the rate of unemployment in the UK from the 1980s to 2001, which market the beginning of the global benign deflation. The rate of unemployment increased when the purchase power of the UK residents reduced in 2009.à The society made little contributions through taxations, which reduced the rate of human resource acquisition and retention within the public sector. As many people lack jobs, they do not contribute towards the economic development through tax contribution. In addition, the self-employed individuals in the private sector only get enough resources to fulfil basic needs. Most of them operate in non -regulated industries based on freelance engagement meaning that the government cannot ensure tax compliance. Without tax contribution or a society defined by tax evasion faces the risk of economic underdevelopment. It happens because the exchequer lacks enough resources to pay employees in the public sector (Ller 2013, p. 47). Recession and interest rates Consumer indices determine the level of inflation in different countries. In the UK, the society determines an increase in inflation rates when the consumer index reduces. It means that the people cannot afford basic commodities because of an obvious increase in the prices. When the retail price index (RPI) increases, it means that the rate of inflation is equally on the increase (Minerd 2014, p. 2). Most statisticians use the existing interest rates to determine the level of inflation in the banking sector. Today, for a country within the UK to acquire credit facilities, it should follow the due procedures set by the central bank . When the interest rates in the central bank increased, most banks feared getting loans, and business people equally feared seeking similar services from the local banking institutions. When the trend continues, the UK begins worrying about its macroeconomic position. High interest rates mean that the euro weakens against the dollar and investors are likely to shift gear towards continents that perform well. Nobody would face a high risk of credit acquisition in a bank or country with very high interest rates. When interest rates increased in 2009, most people in the UK shifted towards sustenance of their businesses instead of acquisition of homes, luxuries, and mortgage facilities (Main Macroeconomic Indicators n.d.). The UK reduced the interest rates in order to avoid the real estate bubble that affected the euro zone and the US after the GFC. The UK believes in the creation of a stable macroeconomic environment by maintaining stable prices of commodities even in the face of a GF C, but the mitigation plan remains unachievable (Bentley 2008, p. 34). When inflation occurs, the cost of production increases, and only the companies dealing in consumables have the assurance of making profits. Non consumable products especially in the luxury sector face the risk of immobility in an inflated market. Concerns include the possibility of a global deflation already signified by a reduction in the aggregate demand for goods and services. The price strategy remains very relevant in the determination of quality assurance for goods and services in the market. When consumers fail to create a link between product benefits and prices then the purchasing power automatically reduces. Economic input Economic input signified by what the exchequer and the banks do to avoid inflation remains very important in microeconomics discussions. The variables under investigation include the economic equilibrium, equality, and fiscal sustainability. Economic sustainability The UK measures ec onomic sustainability through its actual and potential GDP. The actual GDP represents that the real measure of economic growth annually after eliminating the aspects of recession that affected the potential GDP (Akers 2014). A steady growth in the GDP signified by the 2% growth rate of the UK for the past 8 years means that the region has the potential of creating a sustainable employment environment. In 2009, the growth rate was reverse as the economy of the UK indicated a 0.2% growth rate, which resulted in low rates of full employment. Underemployment became a concern as most companies lay off workers in order to cater for the needs of a section of employees. In 2011, the economic stimulus process adopted and the labour law adopted by the employers in the UK resulted in the absorption of many unemployed people. Equality and equilibrium The UK has a huge number of immigrants, but it still strives at creating an environment in which its citizens are capable of enjoying the resource s without any form of discrimination. In order to provide an excellent environment of growth while still sustaining its Foreign Direct Investment, the UK has to imitate Japan. Currently, Japan leads in the production of surplus commodities even when the demand dies not match the supply (Fall in euro zone inflation rate fuels deflation concerns 2014). At the macroeconomic level, surplus production attracts interest from investors and foreigners who are likely to acquire the affordable products and services (Objectives of government macroeconomic policy 2014, p. 2). When FDI fails to solve the problem of recession in a country, high probabilities include the possibility of countries running into financial deficits as indicated in the graph. The graph gives credit to Japan that has a sustainable growth rate in the GDP enabling many people to get equal employment opportunities even in the face of a GFC. Establishment of a state of equilibrium remains a high priority for most countries including the UK. The UK displays interest in creating demand for the supplied products and services contrary to initial marketing strategies in which the supply responded to the prevailing demand. The World Trade Organisation (WTO) qualifies a steady economic growth and the market equilibrium as elements of macroeconomic growth (Riley 2012, p. 4). The WTO mentions that competition between countries creates an environment of sanity because countries have to understand that consumer satisfaction at the microeconomic level has a direct impact on growth at the macroeconomic level. As such, competition between Japan and the UK should continue until the UK is capable of surplus production. Maintenance of equilibrium between demand and supply is the only solution to inflation because the RPI will also reduce automatically. In summary, at the macroeconomic level, countries have to assess the economic outputs and inputs that are relative depending on the type of market involved in the discu ssion. Most countries within the euro zone have relatively close GDPs except for the few facing financial sanctions by the IMF. At the macroeconomic level, politics, technology, and socio-environmental factors have a direct impact on the economics of a country (Wickens 2011, p. 36). Conclusion The GFC affected different parts of the world; the responses towards the economic crisis were different. The euro zone might face a worst economic deflation in an attempt to lower the risks of the 2008 recession. The mitigation measures adopted by the euro zone are short term, but the most appropriate for the season. However, the changing economic environment that calls for increase FDI efforts makes it impossible to have unique ways of dealing with global financial crises that affect everyone in the world. References Akers, H 2014, What Are Key Macroeconomic Variables?, ehow.com/info_8180727_key-macroeconomic-variables.html Armstrong, A., Caselli, F., Chadha, J., and Haan, W 2014, Eurozone de flation could derail UK recovery: Results of the second Centre for Macroeconomics survey, voxeu.org/article/eurozone-deflation-survey-uk-based-macroeconomists Banerjee, A., Marcellino, M., and Masten, I 2005, Forecasting macroeconomic variables for the new member states of the European Union, European Central Bank, Frankfurt. Basci, E., Togan, S., and Hagen, J. V 2007, Macroeconomic policies for EU accession, Edward Elgar Publishing, Cheltenham, UK. Bentley, D 2008, Inflation: Roles, targeting, and dynamics, Nova Science, New York. Burda, M. C., and Wyplosz, C 2013, Macroeconomics: a European text, Oxford University Press, Oxford. December 2014 euro system staff macroeconomic projections for the euro area 2014, ecb.europa.eu/pub/pdf/other/eurosystemstaffprojections201412.en.pdf Fall in euro zone inflation rate fuels deflation concerns 2014, bbc.com/news/business-25976377 Ferrero, A 2014, Desperate times, desperate measures, The Economist, economist.com/blogs/freeexchange/2014/01/def lation-euro-zone-0 Fertekligil, M 2001, European monetary union and its impact on the Turkish economy, http://edoc.bibliothek.uni-halle.de/servlets/MCRFileNodeServlet/HALCoRe_derivate_00005724/196-414-1-SM.pdf Gertler, M., and Rogoff, K 2004, NBER macroeconomics annual 2003, MIT Press, Cambridge, Massachusetts. Gnos, C., and Rochon, L. P 2011, Credit, Money and Macroeconomic Policy a Post-Keynesian Approach, Edward Elgar Publishing, Cheltenham. Herman, S 2012, The recession Kama sutra, Summersdale, Chichester. Jones, C 2014, Dovish Draghi boosts hopes of ECB stimulus, The Financial Times, ft.com/intl/cms/s/0/e2bcc510-7160-11e4-818e-00144feabdc0.html#axzz3NTjAZVPR Langdana, F. K 2009, Macroeconomic policy demystifying monetary and fiscal policy, Springer, New York. Ller, J 2013, The global economy in transition: Debt and resource scarcities, World Scientific, Hackensack, N.J. Main Macroeconomic Indicators n.d., markets.com/education/fundamental-analysis/main-economic-indicators.html Mankiw, N. G 2007, Brief principles of macroeconomics, Thomson South-Western, Mason, OH. Mayes, D., and Viren, M 2004, Asymmetries in the Euro area economy, Suomen Pankki, Helsinki. Minerd, S 2014, Europe must act now to avoid ââ¬Ëlost decadeââ¬â¢, The Financial Times, ft.com/cms/s/0/cf718a1c-5a0a-11e4-be86-00144feab7de.html#axzz3NTjAZVPR Objectives of government macroeconomic policy 2014, tutor2u.net/economics/content/topics/macroeconomy/government_policy.htm Riley, G 2012, Deflation, http://tutor2u.net/economics/revision-notes/a2-macro-deflation.html The autumn statement: ââ¬ËTis not the season 2014, The Economist, economist.com/news/britain/21635617-george-osborne-makes-up-lack-giveaways-bold-tax-reform-tis-not-season Wickens, M 2011, Macroeconomic theory: a dynamic general equilibrium approach, Princeton University Press, Princeton. Wolfson, P 2014, Coming soon?, The Economist, economist.com/blogs/freeexchange/2014/12/euro-zone-qe-0
Saturday, February 22, 2020
Analyze 4 real cases of directors liability and lessons learned Essay
Analyze 4 real cases of directors liability and lessons learned - Essay Example Here, the director was liable for failing to act as stated in the companyââ¬â¢s statutes. He, therefore, was responsible for breach of duty of diligence. The second case is about Limited v. Burns. The director was found guilty of running the company recklessly. The guilty verdict came as a result of finding the director guilty of the offense. The judge decided that the duty of care was clearly violated by the director. He was, therefore, liable for failing to act in the companyââ¬â¢s statutes. He did not put into consideration the act of good faith while dealing with the companyââ¬â¢s affairs (Webster 46). There were certain risks that were apparent but the director knew this, but still went ahead and did these transactions. In the third case, the director was found liable for acting under fraudulent means. Fraud can lead to serving a jail term (Webster 58). This was in the case of Lexi Holdings v. Said Luqman and Others1. Luqman used fraudulent means to acquire money from the company that had entrusted him with the task of paying in receipts to one bank account. He, however, transacted money to some other bank accounts that belonged to him, and some of his associates. He was liable for breaching the trust bestowed on him by the company. After being caught, he failed to disclose all his assets for fear of being arrested and jailed for fraud. This led the court to find him in contempt of court. He was jailed for eighteen months since he had acted outside the duty of obedience. The fourth case is identified as a breach of duty of care or diligence. This is in the case of Cellar House Limited. The director was fully responsible for reckless trading. He was found to be guilty of other breaches as well, for example, breach of loyalty. He was responsible for having the company in debt, and was forced by the court to pay over 1.7 million dollars. The activities that he conducted for the company were illegitimate. He did these transactions
Thursday, February 6, 2020
Public Safety Administrator Interview Essay Example | Topics and Well Written Essays - 750 words
Public Safety Administrator Interview - Essay Example This was a civil commitment of convicted sexual offenders who had finished their prison-sentences. It was agreed that a public safety administrators be deployed in various parts of New Jersey The interview was therefore aimed at seeking to recruit an administrator to help combat crime and other inhuman act that were rampant in the region .The person that I interviewed was the police inspector from the Hammonton Township. He had the physical leadership qualities and the necessary skills for the job. I briefly spelt out his duties which were to liaise with the civil leaders, church leaders, police officers and coordinate them harmoniously to as to bring a lasting solution to the problem. The officer will be perpetually required to speak to the media, address public gatherings, recommend the hiving and firing decisions and manage the budget within his jurisdiction. I began by citing a case to him that appeared in the local dairies July 29 1994 where seven years old Megan was sexually assaulted and murdered a short distance from her home in New Jersey. Her neighbor Jesse was arrested and ultimately convicted of the crime. Jesse was a twice convicted sexual offender who had previously served time for fondling and then attempting to strange another seven year old girl. He shared the house across the street with other two convicted sexual offenders whom he had served jail term with but their neighbors were unaware of their prior criminal record with these I sought his views as to whether law enforcement officials should notify the community when sex offender moves in. To his views the convicted sexual offenders should be reporting at the new offices of the public safety administrator and should give out reliable address so that it would be easier to reach and apprehend them when necessary. Though notifying community members the presence of convicted sex offender would not prevent the offenders from re-offending he noted that this will be a positive move geared at curtailing the offences adding that the community would be very resourceful in the reforming exercise. We finally agreed that he was to be the New Jersey public safety administrator and he promised to improve the situation and to adhere to the laid down rules and regulations as per the job description 3. Historical Perspective Subject matter analysts have varied views and contribution on the case Simeon Schopf a writing and research editor looks at various objections research to Megan's law and concludes that in the balance of interests, such law are constitutional but Bonnie steinbock focus on moral issues posed by the notification statutes and argues that Megan's law fails to serve its ultimate goal- protecting children. 4. Conclusion To my view the community should be notified on those instances where it is deemed necessary to protect the public .The convicted sexual offenders should undergo some counseling after finishing their prison sentences so as to reform and stay away from criminal activities. The rehabilitation
Tuesday, January 28, 2020
Business Vocabulary Mix Essay Example for Free
Business Vocabulary Mix Essay 1. Instant messaging- a form of communication in which typed text is sent from one person to another over the internet. 2. Spam- unsolicited electronic junk mail or advertisements, sent as an e-mail 3. Emoticon- an expression composed of ordinary characters on a phone or computer that represent the writerââ¬â¢s mood or facial expressions. 4. Signature- a block of text automatically appended at the bottom of e-mails. The text may include the senderââ¬â¢s name, title, etc. 5. Tagline- a slogan or memorable phrase attached to the end of an email that conveys a message from the sender 6. Threads- a series of newsgroup messages dealing with the same subject. 7. Social Networking- the use of a wav space to connect with people who share personal or professional interests 8. E-mail- a message sent electronically from one person to another via links between computers or terminals 9. Blog- a type of web site that displays in chronological order the postings by one or more individuals and usually has links to comments on specific postings 10. Search Engine Optimization- the process of improving the traffic to a web site from search engines 11. Social Norms- the rules that a society uses for appropriate and inappropriate values, beliefs, attitudes and behaviors 12. Sexting- the act of sending sexually explicit and/or suggestive content via text messaging. 13. Inflection- Modulation of the voice; change in pitch or tone of voice to help convey meaning. 14. Cyber Bullying- when a child or teen is threatened, harassed or otherwise targeted by another child or teen using a form of technology 15. Flaming- a virtual term for venting emotion or sending inflammatory e-mails. 16. Attachments- Computer files sent along with an e-mail message which can be accessed by the recipient of the e-mail. 17. Snail mail- a term used to refer to letters carried by traditional postal delivery services. 18. Texting- sending brief written messages from one person to another via cellular phones.
Monday, January 20, 2020
Flying Essay -- The Event That Changed My Life
A few summers ago, a gentleman I had only just met offered me an afternoon plane ride. He was a retired lawyer and enjoyed any excuse to pilot his small plane. My friend Paul and I had nothing scheduled that day, so figured why not. After some debate about where to fly, north, south, or east, we settled on Mendocino, about halfway up the coast to Oregon. Within minutes we were bundled into a Beechcraft Bonanza and rattling off an absurdly short runway into the open sky. It was a spectacular day even by California standards as we swooped along the pine-clad rocky coastline and buzzed hermits at a hidden Buddhist monastery. After what seemed like only a few minutes we were mingling with the tourists in Mendocino, a colorful seaside village which plays the role of "Cabot Cove, Maine" in "Murder She Wrote." Then we were back in the air, once again hugging the coastline at about 3500 feet. This time (on the basis of a coin toss) I got to sit up front with the pilot. Up to this point the adventure had been pleasant enough, touched even with a bit of magic. After all, it is nothing less than magic to pick a direction at a whim and quickly land hundreds of mil... ...n again to rave amidst my unseeing neighbors. I handed back the controls and we swooped between the towers of the Golden Gate just as the fog was rolling in, skipped across Alcatraz and Angel Island, and landed with a little hop back where we started. And now, months later, I am a changed man. I don't think I'll be signing up for flying lessons anytime soon; I have enough expensive habits as it is. But now, when I look up into the sky, I see it not as a rather extravagant ceiling, but as a conduit to other places. I see that it's easy to get from here to there. All you have to do is fly.
Sunday, January 12, 2020
Ender’s Game Book Report
Enderââ¬â¢s Game Enderââ¬â¢s Game is a science fiction novel which was written by Orson Scott Card. This novel is about a brilliant military strategist, Ender Wiggin, whose story takes place in the future where there is a constant threat of an invasion from aliens who have been given the slanderous nickname, Bugger. Enderââ¬â¢s childhood is not an easy one considering he gets teased at school for being a ââ¬Å"thirdâ⬠only to come home to an abusive brother who is always harassing Ender and his sister Valentine and he has the weight of the world on his shoulders because they believe that he is the last hope for mankind to fight off the Buggers. After many years of monitoring Ender the International Fleet decides they want to recruit Ender into Battle School, the storyââ¬â¢s plot takes off from here where he struggles to cope with others who despise him, he struggles with the thought of leaving his childhood, Valentine and his home and he is also in the constant struggle to dominate the Battle Room. After a few years on this spaceship Ender becomes demotivated and has to visit Earth and see Valentine where he learns about Peterââ¬â¢s plot to take over the world. After this Ender gets shipped off to Eros, the planet which Command School is on and where he meets Mazer Rackham, who was the hero of the first bugger invasion, and Mazer begins training Ender on a simulator that learns and gets harder as the Buggers learn from the past. Eventually Ender beats the simulator only to find out he was commanding the real thing and they didnââ¬â¢t tell him because they wanted to keep his emotions out of it. He also finds out that Earth has been taken over by Peter so he and Valentine colonize the buggerââ¬â¢s old planet where he finds a bugger pupa where he then decides to try and help it. Ender was a young genius who was a third child or third in a time when having more than two children was considered bad. Because of this he was always teased but his birth was actually authorized by the government in an attempt to save the world form the Buggers. Ender changed from innocent and trusting into a hardened and semi-emotionless machine by the end of the story. Enderââ¬â¢s brother and sister had a very big influence on Ender, if it werenââ¬â¢t for them being so smart the International Fleet wouldnââ¬â¢t have authorized Enderââ¬â¢s birth and if it werenââ¬â¢t for Peter he wouldnââ¬â¢t have known how to cry silently and Valentine helped him cope with Peter while also teaching him how to love and helping him when he visits Earth right before going to Command School. The story has many settings. The first of which takes place sometime in the future somewhere on Earth where there is a constant threat of a bugger invasion and having a third child is considered bad which made life a lot harder for Ender which was one of many reasons why he left to Battle School. The setting then moves to the spaceship which Battle School is on which doesnââ¬â¢t really need to be on a spaceship unless Orson Scott Card wanted the spaceship to help with the feeling of isolation. As the story progresses the setting moves to the planet Eros which is where he will be fighting the Buggers thinking he is just in a simulation but he is really fighting the Buggers. One theme that I noticed throughout the novel is how something small can represent something so big like the game that they played in Battle School was a simple game but it was everything they had so it meant so much to them. Another example of this theme is when Ender was in Command School working on the ââ¬Å"simulatorâ⬠and Ender viewed the game as childââ¬â¢s play when in reality he was fighting the real war without even knowing. This book was interesting at the beginning because of the way Orson Scott Card introduces you to a new world where you have no idea what is going on and slowly reveals the setting as you need to learn it, not overloading you with information at the beginning of the book but not leaving you clueless wondering why something just happened. Overall I thought the book took too long to get to the point on certain occasions and I didnââ¬â¢t really find the plot interesting which made it pretty boring. I find the idea of Ender always being up against opponents older than him or more numerous than him relatable because sometimes I feel like I am always ignored when I ask for a later bedtime because both of my parents look down on me because I am young. The ending was very interesting when he found out that he just defeated the Buggers without knowing and felt guilty but when he got to the Buggerââ¬â¢s planet he found the pupa and was trying to find a new home for it.
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