The Federal Reserve Essays (368 words) - Economy,

The Federal Reserve The Federal Reserve System ?The Federal Reserve System is the central bank of the United States. It was founded by Congress in 1913 to provide the nation with a safer, more flexible, and more stable monetary and financial system.? As America began developing over time choices were made for the production of currency this clearly lead to the creation of banks. Banks were set of by people within a community to lend, keep, and, use currency. As the development of the economy increased citizens used currency more and more and the use of the bank system was increased as well. With shifts in the economy and the developing of the depression, Citizens would occationally panic for false reasons and go and pull out there money from the town bank. With the great number of citizens pulling there money out the bank would have to close due to not having any finacial support. As innocents like these persisted it became clear that there needed to be a was to protect banks from sudden rushes of citizens to retrieve there money. President in 1913 president Woodrow Wilson signed the Bill partaking in the creation of the Federal reserve. The federal government to protect banks then created it and its funding to people by providing a flexible means of payment to each and every bank that was a part of it. Currency was then controlled and produced by the federal government. At first many citizens and banks protested the creation of the federal government they feared that it was the beginning of the control the bank system. Over the years the federal reserve has saved and protected many banks from collapsing and the federal reserve has also solved many other problems that existed with the banking system. ?The district banks are headed by a president who is selected by a board of directors.? The directors observe assist and control some changes that banks partake in. The federal reserve is made up of branches that are spread out through every state and are there to closely observe the banks within the state. If large shifts in money must be completed then they are handled by the central reserve. History Reports

Speeches of Thomas Jefferson and Abraham Lincoln Compared essays

Speeches of Thomas Jefferson and Abraham Lincoln Compared essays Thomas Jefferson and Abraham Lincoln are both addressing people who are experiencing a difficult time in history. In fact, both men are facing the issue of a nation at war. Jefferson was speaking to a nation that was seeking its independence from a separate country. Lincoln was addressing a country that was facing an internal war. Both men were forced to look at what government meant for the people and more importantly, they had to decide if that government was worth fighting to keep. In the face of tension and strife, Jefferson and Lincoln produced documents that not only helped to settle growing conflicts, but also helped define America as it In the Declaration of Independence, Jefferson is speaking for a group people that desire to break free from the control of Great Britain. He is also addressing the British government. His views must be understood by both sides in order to be successful. Jefferson laid this document out in a superb manner, beginning with the statement that people must, at times, "dissolve the political bands" (Jefferson) which have previously bound them to one another. In addition, it is important to note that at the time, Jefferson and the other framers was drafting an incredible document because they were speaking out against the British monarchy, which was no small event. They were risking practically everything by committing treason. Jefferson believed that the colonists had every right to rebel against Britain. For one thing, they had not considered themselves part of British system for some years. There were two points that caused Jefferson to believe this way. One significant point that Jefferson makes is that all people are created equal and, as a result, have to right to pursue life, liberty, and happiness. These are the infamous inalienable rights with which every American citizen is born. Another point he makes in the Declarati...

The Economic Impact of Race and Gender in Relationship to differences Essay

The Economic Impact of Race and Gender in Relationship to differences Occupations - Essay Example According to the 2007 census, the blacks appeared to have invested significantly in businesses. The census marked a rise of 60.5% to close to 1.9 million black managed businesses. This shows that blacks are innovative. They do not wait for opportunities to come their way they go for the opportunity. The black business areas of concern included: health care and social assistance; repair department; maintenance department; and personal and laundry service sectors. Their involvements confirm that the black’s level of education is low. Despite the later fact, the population creates an income of 27.4 % from trade, retail and social assistance sector in the same year. The blacks prefer the residence around New York City constituting close to 8.1 % of the nation’s black owned business. The blacks’ least settled in Detroit, with 1.7% business of the total black owned businesses. Blacks also tend to be aggressive as evident a prominent figure like; in the field of service comprising, Oprah Winfrey who is a billionaire in the television industry, Kobe Bryant, who earns close to $27, 849 in the sporting industry, and the President Barrack Obama, topping the political scene. The black population tends to be distributed evenly though in small percentages to almost all sectors of the economy. The highest field of attendance is education, health care and social assistance with 291% of the total population; whilst least participative in the Agriculture forestry, hunting and mining industry comprising 0.6 % by 5ythe years 2011 (Glauber, 15). The population of the whites/ Caucasian in the market tends to be divided by gender; that is men and women in different disciplines. The male population in the management field appears as 34.8% and appears least in number, in the field of service comprising, up to 13.6%. The rest of the field occupied by

Bus Lw AM Wk 5 6 7 Essay Example | Topics and Well Written Essays - 1500 words

Bus Lw AM Wk 5 6 7 - Essay Example 2. The Liebeck v. McDonald’s case is a perfect illustration of the modern civil justice system which allows the individuals to rise for their rights against the autonomy of big corporate companies. In my opinion, the award of punitive damages in addition to the compensatory damages was sufficiently justified but $2.7 million is an outrageous amount of money for such case. The decision of the judge to reduce the punitive award was reasonable as this case might have led to several similar cases where a person might have caused intentional damage to himself in hopes of large reimbursement sums. 3. Privacy is a big concern for public figures, and the invasion of personal space is the violation of their rights as a human being. The law must offer more privacy to such individuals by offering strict action against paparazzi photographers and media personnel. Loss of privacy should not be considered a price of success at all. The publication of any material (photograph or written) regarding the private life of celebrities must be prohibited unless a proper consent is acquired. 1. An employee’s defamation in front of a potential employer without any issuance of privilege from the employee is the issue. There are strict laws against employers who endanger or damage their employees’ reputations by conveying false information to other potential employers or co-workers. The victimized employee can sue the employer for defamation. Since Gates was never proven guilty of theft therefore, the allegations made against him might be false. To post notices around the office, or mentioning the allegations to another company’s personnel officer, thus, would not only be unethical but also make me liable for a defamation lawsuit. 2. The legal issue is the wrongful detention for doubt of shoplifting. The existing rules establish the presence of sufficient probable cause for guard’s action. The woman was approached by the guard,

Divorce Essay Example | Topics and Well Written Essays - 1500 words

Divorce - Essay Example It is only the interpretation of Islamic law on marriage and divorce from a religious perspective. But a neutral and unbiased sociological interpretation of the Islamic laws related to marriage and divorce will necessarily reveal that Islamic laws are devoted to highlight a balanced support to both the individuals and the society. On the other hand, English law depends on a secular view of man and his existence in human society. This secular view assumes that man is essentially a self-sufficient structural functional entity who can decide his own life choice. Therefore, English law regarding marriage and divorce necessarily solely emphasizes on the individuals’ freedom and choice. It considers that individuals are the sole decision-maker in important matters like marriage and divorce. Indeed, this philosophical disparity determines all basic difference as well as similarities between the two laws. An in-depth analysis of divorce in Islamic Law necessarily demands a substantive description of how this legal systems view marriage. In Islam, a marriage is endowed with two facets: divine facet and social facet. The religious aspect of marriage necessarily assumes that it is a divine duty of every Muslim to marry and lead a peaceful and sacred conjugal life. According to Muhammad, it is a part of a Muslim’s faith in the divine. Simultaneously, it is his or her social duty also. In this regard, Mian Muhibullah Kakakhel (2008) likes to view the Islamic concept of marriage and divorce as following: It is well settled that marriage amongst Muslims is not a sacrament, but in the nature of a civil contract. Such a contract undoubtedly has spiritual and moral overtones and undertones but legally, in essence, it remains a contract between the parties which can be the subject of dissolution for good cause. (paras. 1) In order to a life of sanctity and prevent the social anarchy caused by promiscuous sexuality, a man must marry a woman, if his situation is physi cally and economically affordable to lead a conjugal life. Therefore, the primary requisites of marriage in Islam are that a Muslim must be able to fulfill the demands of sexuality as well as the economic needs of his family. If any person can fulfill these demands, he can enter marriage which is essentially considered as a social contract in Islam. The requisite for women to enter the marital contract is much easier than men. Since the economic expense of conjugal life sole pivots on men, women are free of the economic obligations. Hence, these prerequisites of Islamic marriage, in fact, determine those of divorce in Islam. Divorce in Islam is considered as the most heinous legality which empowers a man to divorce his wife without showing any reasonable cause. It is because Islam demands the unquestionable loyalty of women to their husbands. In this regard, a man will not be accountable to the Sharia council or the Islamic Legal system which consists of the elders and the religious authority of the society, unless his wife brings a charge of sexual perversion against him. On the other hand, a Muslim woman seeks divorce, she must appeal to the Sharia Council with the charges that her husband is sexually impotent or missing for years (Kakakhel, 2008, paras.2-7). The rule of divorce for men is different from that of women. If a man seeks divorce, the term, ‘

organizational theory Essay -- essays research papers fc

Question #1 â€Å"Despite the economic progress brought about in part by scientific management, critics were calling attention to the ‘seamy side of progress’ which included severe labor management conflict, apathy, boredom, and wasted human resources to examine the discrepancy between how an organization was supposed to work versus how the workers actually behaved. In addition, factors like World War I, developments in psychology and later the depression, all bought into question, some of the basic assumptions of Scientific Management.† (Internet) This is where the Human Relations School steps in. Its primary focus is the importance of attitudes and feelings of workers, while informal roles and norms influence performance. â€Å"At the most general level, human relations theory views humans as social creatures who have a need and desire for communication and interaction.† (Internet) Numerous studies have been conducted over the years trying to come up with the most ef ficient form of workplace management. The most famous of these studies were those performed by the Hawthorne works (a.k.a. Hawthorne Studies) which should how work groups provide mutual support and effective resistence to management techniques in order to increase production. This study concluded that workers did not seem to respond to the classical motivation approaches that were suggested by Frederic Taylor , but rather workers were interested in rewards and punishment within their own work groups. These studies, which were conducted in the 1920’s, started as a straight forward attempt to determine the relationship between the work environment and productivity. The results of the study led researchers to feel that they were dealing with socio-psychological factors that were not explained by classical theory which in turn, stressed the formal organization and formal leadership. The Hawthorne Studies helped to show that an organization is more than a formal arrangement of fun ctions but at the same time performs the role of a social system. This position was taken by Elton Mayo , who made his own analysis of the Hawthorne experiments. He claimed that the problem of industrial societies acted as an imbalance between social and technical skills. â€Å"His analysis of the problems of industrial civilization and assessment of the human factor as nonlogical and emotional led him to view industry as a strategic in... ...rea includes the City of Pittsburgh and the suburban South Hills with its regional office located in Mt. Lebanon. Finally is the Western Region, which services an estimated 575,000 in western Pennsylvania. This area includes the communities of Indiana, New Castle, Butler, Washington, Mon Valley, and Uniontown areas, with the regional office based in McMurray.   Ã‚  Ã‚  Ã‚  Ã‚  The company’s water supply is provided principally from surface water supplies such as rivers, streams and lakes through allocation permits from the Pennsylvania Department of Environmental Protection and several river basin commissions. Water is also provided from wells and through purchase contracts and interconnection with other water providers in the area.   Ã‚  Ã‚  Ã‚  Ã‚   Bibliography Business Ethics, October 1987. Vol. 6 Issue, p 559, p7, The Imperative of Organizational Harmon. http://infosm.umist.ac.uk/wp/Papers/wp9919.htm http://www.accel-team.com/motivation/hawthorne_01.html http://www.cba.neu.edu/~ewertheim/introd/history.htm http://www.findarticles.com/ Jaffee, David. Organization Theory: Tension and Change. Hill-McGraw, New York, New York. 2001.

Creating Shared Value

Summary of ‘Creating shared value’ by M. Porter and M. Kramer The problem nowadays is that most businesses don’t have the right purpose ‘in mind’. They have a narrow-minded view in making profit and thus optimizing short-time financial performance. This old capitalistic view leads to a vicious circle. More specifically, the corporation doesn’t keep its environment and the broader community in mind while making profit and so they are perceived as (partly) responsible for society’ failures. This is where political leaders undermine competitiveness by setting the appropriate policies.The old, narrow view of capitalism leads to growing competition and shorter term performance pressures from shareholders. Shorting investor time horizons leads to outsourcing and offshoring which weakens the connection between the firm and its community. The solution lies in redefining the purpose of the corporation as creating shared value. This means enhancin g the competitiveness of the corporation while simultaneously advancing the economic and social conditions in its communities. The market should be redefined by societal needs, rather than convential economic needs.To create shared value, there are three main ways: reconceiving the products and market, redefining productivity in the value chain and enabling local cluster development. These ways are mutually reinforcing while creating shared value. By reconceiving products and markets, corporations can meet the demand for products and services that satisfy societal needs. In this way, there’s more space for innovation. Also, in developing countries and nontraditional communities in advanced economies equal or greater opporunities arise.Opportunities increase when capitalism starts working in these poor countries. These opportunities change constantly because of developping economies and evolving technologies. Another source of creating shared value lies in transforming the val ue chain. For instance by reexaminating energy use and logistics, huge costs can be saved for the company and at the same time for society. Another example is the advantage of buying from capable local suppliers. This avoids costs by avoiding inefficiencies and lowering input costs.This also means sharing technology and improve supplier quality and productivity by better procurement. Employee productivity can be improved by offering health care coverage, because poor health costs firms more than health benefits. Companies need to embrace locational thinking because of the rising costs of energy and carbon emissions. Enabling local clusters plays a crucial role to boost productivity. As mentioned, logistics through local suppliers avoid lots of internal costs.In monopolized markets, people often get exploited, prices are not fair and thus productivity will suffer through a lack of incentives for the workers. This indicates that the formation of open and transparent markets are necess ary to create shared value. We can conclude that business can earn the respect of society again by respecting the new, more sophisticated form of capitalism. This new view focuses on profits that create societal benefits rather than diminish them, which creates shared value.