Contemporary Issues in Financial Services Essay - 1

Contemporary Issues in Financial Services - Essay Example Financial intermediaries bring together borrowers and lenders in financial markets by interacting with savers and borrowers simultaneously and by producing a set of services facilitating the transformation of liabilities into assets like transforming deposits into loans. Though financial markets can also bring together lenders and borrowers directly, still the existence of financial intermediaries is of utmost importance. This is because the direct lending approach between savers and borrowers has proved inefficient as this process can be directly traced to the barter system where there is always a need for double coincidence of wants. This function of transformation is termed as intermediation. Through this process, financial intermediaries facilitate savers and borrowers to have indirect lending and borrowing. Financial intermediaries can be banks, building societies, financial advisor or broker, insurance companies, life insurance companies, mutual fund and pension fund. Firstly, national bank serves as a financial intermediary by accepting deposits and placing in various securities and mortgage loans. By doing this, individual investors are linked by banks with financial markets and demanders of credit. The intermediaries actually act as a middleman between firm raising funds and investors (Rampini & Viswanathan, 2012, pp.1-2). Requirement of financial intermediary Though financial markets can also bring together lenders and borrowers directly, still the existence of financial intermediaries is of utmost importance. This is because the direct lending approach between savers and borrowers has proved inefficient as this process can be directly traced to the barter system where there is always a need for double coincidence of wants. People with savings will want to lend the amount available with them for a particular time period. For this, one will have to find a person who needs approximately the same amount of fund for the same time period. Searching of such a person is a difficult task. Again, direct lending necessitates a negotiable contract. Transactions of repayments of principle and interest are required to account for. Direct lenders will have limited ability to diversify and minimum exposure to default risk by lending small amounts to many borrowers but the transaction costs would be relatively higher. Here financial intermediaries reduce the transaction costs and minimize risks. Thus, it improves the economic efficiency. Generally, the financial intermediaries perform the following functions: i. It facilitates transactions. ii. It creates a portfolio. iii. It spreads risks over time. iv. It eases household liquidity constraints. v. It reduces the problem of asymmetric information. In addition to intermediation, sometimes brokerage function also takes place by financial institutions in bringing together buyers and sellers to complete financial transactions. Stockbrokers specialize in brokerage to perform such task. Types of fina ncial intermediaries Fee based or advisory financial intermediaries These financial intermediaries charge a fee for rendering advisory financial services. Their services include: i. Issue management ii. Underwriting iii. Portfolio management iv. Corporate counselling v. Stock broking vi. Credit syndication vii. Mergers and acquisitions viii. Debenture trusteeship ix. Capital restructuring Asset based financial intermediaries The specific requirements of customers are met by these financial intermediaries. They provide the required asset or finance for rent or interest respectively. The income is earned by them from

Job study report Essay Example | Topics and Well Written Essays - 500 words

Job study report - Essay Example This report focuses on oil drilling companies and the work of a mechanical engineer, the extraction of oil requires the presence of a mechanical engineer in order to facilitate the maintenance of the various machinery uses in the process. Many of the companies involved in the process of oil drilling need to have not only mechanical engineers but also civil engineers, exploration engineers and petroleum engineers. The main work in the oil drilling process includes installing and maintenance of machinery,1 therefore the main tasks in this oil company is to install machinery with the assistance from other engineers and also the maintenance of this machines. Being reliable and responsible - this involves taking responsibility for ones share of work and also for any mistake one commits. This means that a person should carefully attend to his or her share of work that has been assigned. Constructive and supportive attitude- workers should have a supportive attitude and also they should be interested in learning, they should treat their co workers and superiors with respect and understanding. Apart from the above mentioned personal qualities there is need to have good communication skills and this aids in enhancing communication within the organisation, there is also the need for one to be academically qualified from a recognised institution because the minimum requirements by most organisation is a bachelors

BSB119 Global Business Essay Example | Topics and Well Written Essays - 500 words

BSB119 Global Business - Essay Example The media also felt affected from the inhuman act which led them to air the documentary. The media highlighted the cruelty so as relevant stakeholders could intervene. Animals Australia which is an animal lobby group, demonstrated on the fundamental rights of the cattle. The group fights for the welfare of animals. The government was also affected through the loss of taxes. During the time of the ban, the government lost $320 million dollars from the entire six months period. b) The transfer risk is the most interfered from the ban of live cattle trade. Transfer risk refer to the government’s interference with a company’s ability to exchange funds to and from a country. The live cattle trade involves the international trade between Australia and Indonesia. The Australian farmers benefited through foreign exchange. The government also benefitted greatly through the realization of income and tax duties. Based on Christopher (2015) the government lost a total of three hundred and twenty million US dollars from the ban. Further, the ban also led to loss of employment, which provided income to the workers. A maximum of 300 jobs were lost leading to loss of income in subsequent departments. The Indonesian cattle importers also lost income from the ban. c) The cattle industry stakeholders could have had joint international consultations prior to the regrettable decision. The concerned parties could have had international talks to address the issue. The talks could have ended the issue peacefully without affecting the farmers and the consumers. The move promotes international trade and integration. The cattle importers and exporters could have used their respective Animal Councils to ensure that they operated within the accepted ethical framework. The Australian and the Indonesian Animal Councils formulate the accepted codes of practice for better outcomes. The Indonesian government through its Animal councils could have played their oversight

Video game literature review Essay Example for Free

Video game literature review Essay Violent video games are said to have a negative effect on those who play them, but there is also the debate that violent video games help those who play them rather than hurt them. There is a rating system that separates games into groups from games for everyone all the way to games that can only be bought if youre eighteen and older. The main questions with this rating system seem to be, Where do we draw the line, and Who draws the line? All to often younger teens get their hands on the video games that are made for the eighteen and older crowd, but will the game actually have a negative effect on the teen, or will it help the teen by allowing them to vent some anger or make them feel good about themselves because they solved a difficult puzzle within the game. As you may have seen there are many contrasting viewpoints, but before we explore the contrasting views on violent video games, we should try to understand our own views, and those of others who take positions that are different from ours, by reviewing some key insights. First we can start with the insights of a few different people who dont think violent video games are bad for teens. From there we can move to a couple of pieces that think violent video games are bad. To finish we will look at an article doesnt take a stance either way, but does provide some very good facts. Greg Costikyan, also known as Designer X, is an American game designer and science fiction writer. Costikyans career spans nearly all genres of gaming, including hex-based war games, role-playing games, board games, card games, computer games, online games and mobile games. Several of his games have won Awards. In Costikyans argument, The Problem of Video Game Violence is Exaggerated, he tackles violence in video games from many different angles such as video game advertising, the successful way to incorporate violence into video games, how violence is part of human nature, and the ignorance of the opposing viewpoint. When reading the argument it is easy to see that Costikyans viewpoint is biased, but he does a good job of stating the opposition and then shooting it down with his own research, and he does not avoid certain questions just to prove his point. I think that Costikyan makes his best argument when he talks about the artistic use of violence in video games. He says that when people play video games they develop a rhythm, but when violence is thrown in it creates a dissonance which breaks the players rhythm, which in turn makes the game that much more of a challenge. Costikyan sums it up best when he says, Violence used artistically is effective; violence used crudely is vile. Tom Kalinske is the former president and CEO of Sega America, Inc. , and now works for Educational Technology, LLC. In Kalinkses speech, Video Games do not Cause Aggressive Behavior in Children, he makes some very good points on why people might think that video games are bad. Kalinske poses a very good point in his speech where he says, Parents and educators who look casually at boys playing out fighting games are quick to condemn because the content of the games mirrors real societal problems. But to jump to the conclusion that game content leads to really inappropriate behavior is like speculating that students studying the Napoleonic Wars may lay siege to their neighborhood. Kalinske argues that parents fear technology because they have less of an understanding of it than their children, and those who think that kids will emulate the violence seen within the video games that they play have a very pessimistic view of kids. Kalinske also makes a very good argument about how video games can improve academic performance. He says that beating a video game takes more than good hand-eye coordination. It takes good puzzle solving, critical thinking, deductive reasoning, and problem solving skills, which all happen to be key skills for academic success. I think that Kalinske has many good points in his speech that will help me in writing my paper. David Deutsch is a physicist at the University of Oxford. He is a Visiting Professor in the Department of Atomic and Laser Physics at the Centre for Quantum Computation, Clarendon Laboratory. He pioneered the field of quantum computers, and is a proponent of the many-worlds interpretation of quantum mechanics. In Deutschs interview he talks about how video games are beneficial to children, because it gives children a different and unique learning environment. Deutsch says that all the evidence that video games are bad boils down to the fact that children like them, and prima facie video games are bad. He suggests that if children like doing something so much, such as playing video games, then we should find ways to make it better and allow them to do more of it. Deutsch make a very good argument when he compares playing video games to playing the piano or playing chess. He says that all three take a lot of time to master, some more that others, and if a child is seen playing chess for long periods of time he is considered a genius, but if a child is seen playing video games for long periods of times he is stigmatized. This doesnt make sense, because all three are done for the same reason which is the impulse to understand things. Deutsch also argues the addiction to video games very well by saying that the reason why people choose to play video games so much is because the games make you engage you emotions as well as your intellect. He also gave this as a very good example, I remember once, I came back to playing the Piano after a long time, and I ended up with blood all over the keys. I saw that I had a cut, but I did not want to stop, so I carried on playing. If that had been a video game and I had been younger, people would have used that as evidence of addiction. Kevin Saunders is currently a professor at Michigan State University and is the author of two books, Violence as Obscenity: Limiting the Medias First Amendment Protection and Saving Our Children from the First Amendment. He has authored dozens of book chapters, law review articles, and commentaries in legal and popular periodicals. He also teaches a variety of courses and seminars on topics in Constitutional Law. In this article Saunders establishes a good topic for debate when he says that fps (first-person shooter) games create a realistic adaptation of an actual gun fight to whereas the armed forces and law enforcement agencies use fps games to train their soldiers. He then gives us a couple of examples of what these violent games can make teens do in real life. The first example is about Michael Carneal, a fourteen-year-old freshman who enjoyed playing the popular fps Doom. One morning Michael showed up at school with a stolen pistol and open fired on a group of kids. He killed three and injured eight. The second example is about Eric Harris and Dylan Klebold the two students who showed up at Columbine High School heavily armed and killed one teacher, twelve students, and injured twenty-three others. They too were avid players of the game Doom. These are both prime examples of what violent video games can do to teens. Eugene F. Provenzo, Jr. is a professor in the Department of Teaching and Learning at the University of Miami. Provenzos academic interests include the role of the teacher in American society, and the influence of computers and video games on children. His work has been reviewed in American and British media, including ABC World News Tonight, The Economist, and The New York Times. In this article Provenzo says he believes that real life simulators, such as video games, are taking kids out of the real world and teaching them about violence, and how to be violent. He argues that when teens play an fps (first-person shooter) game they virtually put themselves into an emotionless killing machine and by doing this they are behaviorally reinforced as they play the game thus being taught that its ok to shoot people. Provenzo makes a great comparison when he compares playing an fps and playing a game of paintball. He says that they are two different things because while playing paintball you can get tired and wounded, and there are serious consequences for getting out of control. When playing an fps there are no limits, players are not responsible for what they do, and there are no consequences for anybody. I think that Provenzo makes a great point when he says, Video and computer games are, in fact, highly effective teaching machines. You learn the rules, play the game, get better at it, accumulate a higher score, and eventually win. This next article is titled Video Games and Violence and it was taken from Issues and Controversies at facts. com database. The article covers both sides of the argument. It says that supporters of the legislation against violent video games say that violent video games make kids more acclimated to violence, and that violent video games cause an increase in violence within the kids. Critics of the legislation against violent video games say that our current rating system for video games is working and that video games should be protected as free speech. Within this article are some very good statistics one of which being in the year 2000 85% of minors sent to buy a video game rated M (M for Mature) were successful. Sometime after that study stores started to enforce an ID rule for M rated video games, and in the year 2003 the percentage of minors able to purchase M rated video games fell to 69%. Another good statistic within the article is that in the year 2003 out of all the video games purchased only 11. 9% were M rated games. The biggest percentage of games being bought were rated E (E for Everyone) with 54%, and in second were T (T for Teen) rated games with 30. 5%. This article brings up a very good point when it says that parenting is a big part of regulation in what youth under the age of eighteen watch and do. The video game rating system was originally put in place for parents to be able to judge what their children should be playing and to have an idea of what would be in the game that their children were playing. As you can see, with the information provided, there are many valid points around this debate. While reading Saunders and Provenzo I noticed that both of them brought up the Columbine school shooting which is a very emotional subject for some people. Kalinske and Deutsch both portray the general argument that video games can help educate teens, and video games could be a very powerful educational tool, if used correctly. All of these sources have helped me a lot in understanding more about the effects of violent video games on teens. Before my research I was not sure if I was for or against changing the rating system for video games, but now, with all this information, I will be arguing against creating a more strict rating system for video games. Works Cited Costikyan, Greg. The Problem of Video Game Violence Is Exaggerated. Video Games (2003) 25 Jan. 2007 . Deutsch, David. Playing Video Games Benefits Children. Video Games: Harmfully Addictive or a Unique Educational Environment? (1992) 02 Feb. 2007 . Kalinske, Tom. Video Games Do Not Cause Aggressive Behavior in Children. Violent children (2000) 02 Feb. 2007 . Provenzo, Eugene. Violence in Video Games Is a Serious Problem. Is Media Violence a Problem? (2002) 02 Feb. 2007 . Saunders, Kevin. Censorship Should Be Used for the Protection of Children. Censorship (2005) 05 Feb. 2007 . Video games and violence. Facts. com. (2007). Issues and Controversies. 25 Jan. 2007.

Irish Immigration 18001880 Essay -- essays papers

Irish Immigration 18001880 INTRODUCTION The history of Ireland "that most distressful nation" is full of drama and tragedy, but one of the most interesting stories is about what happened to the Irish during the mid-nineteenth century and how millions of Irish came to live in America (Purcell 31). Although the high point of the story was the years of the devastating potato famine from 1845 to 1848, historians have pointed out that immigrating from Ireland was becoming more popular before the famine and continued until the turn of the twentieth century. In the one hundred years between the first recording of immigrants in 1820 and the passing of immigration restrictions in 1924, over four and one half million Irish immigrated to the United States. HOW THEY PAID TO COME TO AMERICA Most of the pre-famine immigrants were single men who found jobs as laborers in the North and Northeast (Purcell 32). Although these were low paying jobs, they were still better than what they had in Ireland. Another thing typical of the Irish immigrants in the pre-famine years was something called the chain migration (Purcell 36). The first immigrants found jobs, saved most or all of their money, and sent money or tickets for sailing on the ships to relatives in the old country. By very hard work, immigrants made it possible to pay for their entire family to follow them to America. To save up all of the passage money was very difficult but they worked hard and did it. Many immigrants from other countries also used the chain migration idea, and it is still common for immigrants to use this system. However, the Irish were the first to use chain migration in such a big way. THE LAWS OF IMMIGRATION During the 200 years that this ... ...live in a free land, and a more full appreciation of the life we lead today, as well as a thankfulness to those who, long ago, paved the way. Bibliography: WORKS CITED Anderson, Kelly. Immigration. San Diego: Lucent, 1993. Danilov, Dan. Immigrating to the USA.1st ed. British Columbia: Self-Counsel, 1978. Danilov, Dan. Immigrating to the USA. 5th ed. British Columbia: Self-Counsel, 1989. Gmelch, Sharon. Irish Life and Traditions. Dublin: O'Brien, 1986. Griffin, William. The Irish Americans. Hong Kong: Hugh Lauter Levin, 1998. "Immigrants." November 1993. 10 November 1998 . Long, Robert Emmet.Immigration. Dublin: H. W. Wilson, 1996. Purcell, L. Edward. Immigration. Phoenix: Oryx, 1995. Reimers, David. The Immigrant Experience. New York: Chealsea House Publishers, 1989. Sandler, Martin. Immigrants. New York: Eagle, 1995.

Company Evaluation Essay

A: Evaluation: Company Q is a small grocery store chain working on being profitable in a large city. Company Q had a couple of stores that were not profitable and were in an area rated for higher crime, so they chose to close these two stores. The social responsibility choice by Company Q was abatement, choosing to remove the stores from the negative environment (Ferrell, Fraedrich, & Ferrell, 2008). Company Q has by request, been offering high margin items, specifically organic products which are considered a health conscious choice for customers concerned with the environment. These items have to be fresh and being perishable after being displayed for the day result in discarding or wasting by throwing the food away, which is of concern to the community. The community has a food bank which asked for donations of this organic food hoping to help those in need, but Company Q turned them down and showed no real interest in helping the community with the excuse for concern over possible fraud or empl oyees stealing the food that was claimed to be for donation. The social responsibility for helping those in need is being avoided by Company Q simply because they claim concern over fraud by employees. This choice by Company Q may give them a negative reputation for the community (Ferrell, Fraedrich, & Ferrell, 2008). Job seekers may not want to work for Company Q if they see it as not being socially responsible and the possibility of being stereotyped as a possible thief just because you work for Company Q. The employees may have lower morale because of the negative reputation and disgust towards management for the lack of trust as an excuse for being socially irresponsible towards those in need. This choice may also cause a drop in current shoppers and a choice by possible new shoppers to choose to shop elsewhere. Recommendations: 1. Regarding the stores that were closed in the higher crime rate section of the city due to loss in revenue, the employees and customers or primary stakeholders would be negatively affected. These individuals might not be able to find employment elsewhere and the customers may not be able to travel to another store to remain satisfied customers. This likely being  the case, Company Q has a social responsibility to improve this situation. They can reopen the stores, hire security employees, and install security cameras to discourage the theft problem. This will restore the positive attitude with the employees and customers. This will restore relations with the community and the suppliers. 2. Company Q by request has made a good choice to offer the health foods, though they are high margin products. However, the customers have been asking for years for healthy foods, so the responsibility of Company Q remains that they should sell much more in the health food line. They should choose to sell as much of the lower priced items in the health food line as possible. The community wants the healthy food and it is an important step for Company Q to care about the health of the community as well. Taking care of the community from a healthy standpoint is an important social responsibility that reaches out to the health and mental attitudes of all those who chose to take advantage of a healthy diet. The next step is to choose an ethical way to give back to the community as a social responsibility for the unsold perishable items. To relieve the concern of employee bad behavior, Company Q could draw up an agreement with the local food bank such that they would have to pick up the day-old products and sign a check sheet list of items that were accepted on the given day date. This would create accountability by the food bank personnel and eliminate the possibility for employee theft. It also would yield a positive attitude in the community for Company Q and possibly increase their bottom line making it attractive to shareholders. 3. Company Q has a responsibility to their employees to restore relations with them, as well. Company Q might explore the possibility of donating their time through volunteerism with employees who are willing to sign up for a given number of hours per week at the food bank. Therefore, Company Q would be showing their concern for the community and persons who are less fortunate. This will restore employee trust to know that they work for a company who is socially responsible by giving back to the community and employees would appreciate the opportunity to participate in a volunteer outreach to the food bank. These changes would improve the employee morale. This will get some recognition by the community and likely, some of the secondary stakeholders including media may want to air Company Q on TV relating the donation to the food bank of the day-old food and may film the  employees donating their time to the food bank. This could help Company Q with their interest in the community and shareholders by possibly making their stock go up and increase their sales in all of their stores. References Ferrell, O., Fraedrich, J., & Ferrell, L. (2008). An Overview of Business Ethics; Ethical Issues and The Institutionalization of Business Ethics. In O. Ferrell, J. Fraedrich, & L. Ferrell, Business Ethics Ethical Decision Making and Cases (pp. 4-85). Boston: Houghton Mifflin Company.

Legislative critique

In today's society we are constantly growing and changing in the U. S. Health care industry. It is clear that you cannot utilize all the paper records in a format that will benefit and capable of supplying primary care providers with all the information needed in a way that will be employed. We have a growing emphasis on providing the right information to the right person anywhere at any time. The world is globally unified, the U. S. Health care industry has been moving ahead with the electronic lath record (ERR) system.The software we use is significant in getting the Job done, I will say. It provides patient scheduling which allows you to schedule the patient appointment's In a timely manner. It also alerts you when the doctor will not be present and or out of town so you do not schedule a patient when the doctor Is not available. It also looks Into the system to see If you have any appointments with another provider on the same day in the organization to keep from double booking. Some organizations are linked to other organizations such as pharmacies or ideology departments outside of our organization.It allows online booking for lab test, procedures or radiology testing. This also prevents errors or misread prescriptions by emailing to local pharmacies. It cuts down on errors and lost prescriptions. The main source is online custom medical charting. You can put your patient's vital signs in the computer concerns and reasons for visit so it gives the doctor a heads up on your visit. Lab integrations can be made a lot faster and smoother preventing mix ups and mistakes In what Is ordered from poor hand writing. The doctor can see the nurse's notes to see what exactly Is going on with their patients.It keeps the nurse from being distracted and stopped constantly from the doctor. It allows him to know what is going on with his patient within the last eight or twenty four hours. It is really convenient for everyone as long as it is utilized in the correct and po sitive way. I say that you really have to have a positive attitude to use electronic medical record (EMMER). You can read your emails from your supervisors attend intranet in services order lunch for patients etc†¦ It really has a retreat deal of positive information that is useful in the wellness of the patient.In the article from (All scripts) Juniper Research forecast that health care savings attributed to remote patient monitoring could reach thirty six billion by the year 2018. With the good there Is some barriers and issues as well with the electronic medical records (Emirs'). The first and foremost is the purchasing of a system. There are so many systems of software available. Choosing the right one for your organization can be very demanding. Purchasing a system can be affordable but, also can run Into other expenses along the future.The source of electronic patient information that does not quite figured out how to capture data from the primary care provider in a coord inated and computer understandable form. When a patient encounters a health care provider, he or she leaves a trail of medical information at many sites. I know this first hand. The hospital, physician's office, nursing home or then the home health care system medical records are left at these different sites. Each may be on or use a different computer system, different labs and a host of different pharmacies and radiology services.A portion of a patient's medical information is carried. Some patients may have more than one doctor as I do and more than one pharmacist. Even one institution whether a hospital or a home health agency, we are not counting all the separate systems related to administration, accounting, payroll, paging and the telephone system. This can add up quickly and financially and have a healthy impact on an organization financially. Furthermore large organizations do not seize all of the information of interest to their practitioners. It does take a toll on health care personnel as well also.Some lab test have to be sent out to other laboratories. Some patients do not fill their prescriptions at the hospital pharmacy, which is rarely seen today. Some hospitals have a link to outside pharmacies and some do not. In our organization, electronic medical records (Emir's) are not being utilize as great as they could be. We do not have a link to the doctors, hospitals or pharmacies. We do not have a link to the laboratories or radiology agency. We still have to work on waiting for a fax to come over checking the machine to make sure it is stocked with paper and that foremost it is on and working.We have to wait for the doctor to call back with a response and the same thing goes for the labs and other tests. It has an effect on us fore as the paperwork is gruesome and the waiting is long. Financially, we could be in a better financial situation because we are a small agency and it would not cost as much to go live with electronic medical records. Th e impaction of EMMER have been very positive for patients. Everything is not perfect but patients can and will get better medical care or service. According to (Health IT. Gob. ), studies show that ninety two percent were pappy their doctor used e prescribing.Ninety percent reported rarely or only occasionally going to the pharmacy having prescriptions not ready. Seventy six percent reported it made obtaining medications easier. Medical data does not produce suddenly within the medical record. It all comes from sources elsewhere in the world. These Data resources are transferred to the (EMMER) electronic medical record. Effectively addressing Just one item in a daily email can have both an immediately impact on revenue and help you work towards achieving your long term ay for performance outcome goals.