...Kristie Tolle Mr. Burton July 23, 2014 WR121 Generation Home Alone I remembered the rules –go straight home, have a snack, if somebody comes to the door, tell them we are busy; never tell them we are not home, do not go outside, do your homework, and do not call me at work. Besides chasing my sister back into the house when she escaped, we followed the rules and waited until our parents to get home. Merriam-Webster defines a Latchkey child as a school-aged child of working parents who must spend part of the day unsupervised (as at home) —called also latchkey kid Generation X,—born between 1965 and 1980— became a generation that was pushed into adulthood at an early age. It was an era of new technology. We watched the evolution of computers the size of a room become the norm as a desktop appliance. By interacting with computers at an early age, Gen Xers have a greater understanding of its concept. We spent less time with our parents then earlier generations. It was common for Boomer mothers to stay at home and raise their children, while the fathers went off to work. Unlike Boomers, Gen Xers were the first generation to be recognized as latchkey kids. Our generation found ourselves at home taking care of our younger siblings and ourselves while our parents worked. I never considered myself a Latchkey kid. I was like all the other fifth graders with working parents and younger siblings. I babysat all the time when my parents ran to the...
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...Characteristics of At-Risk Students: Latchkey Children Tiffany Tham AED 201 Linda Rosiak Axia College, University of Phoenix June 13, 2010 Children who go home to an empty house without parental supervision are called Latchkey Children. These children are usually left alone until one or both parents arrive home from work. Latchkey children are often told by parents not to open doors for strangers or step outside. A list of emergency contacts is usually left in a place where the children can see in case of an emergency. Parents usually provide a snack for the children to come home to while they wait for their parents’ to come home and make dinner. Some parents even cook dinner the night before so the child can just reheat and eat. I was not a Latchkey child, but many of my friends were. Many of them would walk home to an empty house every day; some of them would have food prepared for them; and some would have to do it themselves. At our age I never realized that my friends would be categorized as at risk students because they went home to no one. The programmed I researched is called the START program. The Start program helps children with anything from homework to tutoring, as well as reading, literacy, math and recreational activities. START also provides extended daycare needs to those students who need them. Each school’s extended program varies but all provides similar activities for students. Start also offers programs through community partners. The START program...
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...2013 MANAGERIAL ECONOMICS GROUP PROJECT: “US TREASURY BILLS AUCTION PRICING: ANALYSIS OF THE STRUCTURE AND PROCESSES” Professor: Done by: The goal of this paper was to analyze and explain the auction system process held by US Treasury and the possible alternatives for it (multiple-pricing auction). Introduction. The U.S. Treasury Department regularly borrows to finance the Federal Government's debt. From 1980 to 2006, the public debt of the United States grew from $930 billion to $8.68 trillion. Approximately one-half of that debt is held in Treasury bills, notes, and bonds, or "treasuries." The Treasury Department sells these securities at auctions held at the Federal Reserve Bank of New York, and the Bureau of Public Debt (BPD) in Washington, D.C. The rest of the debt is held mostly in federal and federally sponsored agency securities and U.S. Savings Bonds, and is not sold through the auction process.1 The modern auction process for bills, notes, and bonds begins with a public announcement by the Treasury. A typical announcement might read, "The Treasury will auction $11,000 million of 91-day bills to refund $9,000 million of maturing securities and to raise about $2,000 million new cash." This statement clearly describes the 2 goals of Treasury: to refund old debt and to raise new funds. Such announcement is carried by...
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...Article Rebuttal “Three banks singled out for not helping homeowners” BCOM/275 Article Rebuttal Wells Fargo, Bank of America, and JPMorgan Chase are all banks that have been bailed out by the American taxpayer in order to make home affordability a reality. In an effort to assist homeowners, the Obama administration rolled out several Programs that would enable homeowners to modify their existing loans. The Department of Treasury and Housing and Urban Development created a program that would assist troubled homeowner during these challenging economic times. The Home Affordable Modification Program (HAMP) and the Home Affordable Refinance Program (HARP) were created to help modify and refinance loans that became unbearable to manage. The big three claim to have helped countless homeowners modify and refinance their current loans, yet homeowners have openly stated that they have been given the runaround. What is happening to the federal bailout money? Is it really being used for its initial intent? Claim 1 Bank of America claims to have helped tens of thousands of homeowners into mortgage modifications and refinances every month. The three lenders received $24 million in incentives from the government and get $1000 for each completed modification. . Rebuttal The Obama administration singled out three of the nation’s largest mortgage servicers for impeding its foreclosure efforts by failing to help homeowners modify their loans. The administration will withhold...
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...Washington Federal Savings University of Phoenix Business Law BUS 415 Deborah Gronet October 20, 2007 Washington Federal Savings Washington Federal Savings is a financial institution that has served communities statewide since 1917. As a savings and loan institution, Washington Federal offers checking and savings accounts and mortgage loans. Defining itself amongst competitors, Washington Federal provides customers with the “human touch” in its simplest form - quality customer service. Operating in eight states, Washington Federal maintains a relatively small staff of 885 employees. As a financial institution, Washington Federal is highly regulated by certain federal agency regulations. This paper will explore the regulations currently in effect for financial institutions, as well as the origin, evolution, and efficacy of these regulations within Washington Federal Savings. Federal Deposit Insurance Corporation The Federal Deposit Insurance Corporation [FDIC] is an independent agency of the United States government. The FDIC protects depositors against the loss of deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the credit of the United States government. An insured bank is any bank or savings association with FDIC insurance (Federal Deposit Insurance Corporation [FDIC], 2007). The FDIC was created in 1933 by the Glass-Steagall Act. This was a merging of two separate acts which were created by the U.S. government...
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...them. Starting in 2004 they started using a strategy in lending to make more money by taking high risk loans. In 2006 they started experienced high rates of failure and defaulting loans. By 2007 the bank was losing money that had to do with poor quality and fraudulent loans and securities. The bank internal control systems fail because no one took the evidence that was provided by employees in email, audit reports, and reviews seriously. The bank CEO and president was told of the extensive fraud by Long Beach Mortgage Company. After looking over the review the bank tried to stop the fraud, but it was ineffective. The senior management also helped in sells the delinquency loans to investors. Regulatory failure of the Office of Thrift Supervision (OTS) did not try to stop what they knew was unsafe and unsound practices at WaMu that help with their down fall. This bank had over 500 grave defects. The records of OTS has shown that during the last five years the bank had many problems dealing with lending, risk management, asset quality, and appraisal practices, but WaMu told OTS that the problems would be fixed, it never happen. OTS did not follow through with enforcement acted. 1999 WaMu bought Long Beach Mortgage Company and they started doing shoddy lending procedures. WaMu knew the loans were fraudulent...
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...What caused the financial crisis of 2008 and who is responsible for it? My original intent for this paper was to argue that market failure, particularly in the housing sector, was the primary cause for the crash. Unfortunately my research has lead me in a different direction. According to the discussions we had in class that means I should be arguing from the perspective that the crisis was caused by government intervention then, right? I’m not so sure that’s the case either. Instead I’ll argue that the financial crisis of 2007-08 and the following “Great Recession” were the result of a perfect storm of both regulatory and market failure. Senators Carl Levin and Tom Coburn lead a 2-year long Senate subcommittee investigation into the crash. In April 2011 they released a 635 page report on their findings where they concluded that there was indeed no singular cause of the crash. The bipartisan subcommittee implicates several primary causes. Inflated credit ratings on mortgage related securities are cited as being “…the most immediate cause of the financial crisis…” The two primary rating firms, Standard & Poors and Moody’s had been assigning risk profiles to mortgage related securities similar to that of Treasury Bills – widely regarded as the most secure investment you can make since the government can just print money to pay you. In July of 2007 both firms did massive downgrades that exposed how risky these investments actually were. The downgrades resulted in a...
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...The Logic of JPMorgan Chase Whale Trades The main purpose of this report is to expose the findings and misconduct of disclosing important information of the JPMorgan Chase Whale Trades. This report explicitly details the negligence by the Chief Investment Office in misleading the Office of the Comptroller of Currency of their Synthetic Credit Portfolio. The author’s intention is to inform what went wrong with the trading in the derivatives market by JPMorgan Chase. The key question the author is addressing is why the CIO deviated from their standard midpoint markings to later assigning more favorable prices. Also, the author is addressing why the OCC was unaware of the losses and the risk associated with the SCP. The most important information in this article is the deceptive actions committed by the CIO in the London Whale Trades. It became apparent that senior managers downplayed the problems of the SCP and kept describing the portfolio as a risk-reducing hedge, when in actuality it was a massive portfolio losing billions of dollars and had stopped providing credit loss protection to the bank. The whale trades shows how financial institutions engage in high risk trading activities with federally insure deposits and attempted to divert attention from these synthetic derivatives. The main conclusion s in this article is a combination of poorly executed hedging decisions by the CIO of JPMorgan Chase in their SCP. The CIO failed to alert its regulators of their actions...
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...Economic Impact of Fines Imposed on Banks Ebony Miller-Pugh Wilmington University Abstract This paper will discuss the fines imposed on banks. Furthermore, this paper will determine if these fines have an effect on the economy – both from a national and global scale. I believe that fines imposed on banks will have a detrimental effect on the economy. In my opinion, the top three potential impacts of these fines are: Lower profits Potential lending issues Consumer and employee impact Introduction The financial institution of today is vastly different from those of yesteryear. Those that have survived the test of time and have been in business for many years have seen many changes over the years. Those changes in which financial institutions face differ greatly within a global, and national and a regional one. Regulators today are no loner letting things “slide” and are imposing steep fines and/or penalties to financial institutions in an effort to enable a business environment where the “right way of doing business” supersedes that of pure profit. Global financial institutions are on an uphill battle as well. They have to do right by their stakeholders – they have a fiduciary responsibility – while also maintaining the laws and regulations within the company as a whole and also within each jurisdiction they are located. Financial institutions today are faced with increasing regulations from a regional...
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...Counselling in Health and Social Care – role, application and boundaries. Ethics and legal factors Everyone who works within the health and social care sector has to abide by the ethical guidelines. "Ethics can be defined as a set of moral principles or rules of conduct" (O'Farrell, 1999). The ethics framework states the guidelines that are expected of each counsellor and professional and it consists of three elements; Values, principles and also personal moral qualities. "Professional ethics may be viewed as the rightful domain of moral philosophy which is concerned with establishing principles for articulating what is 'good' and what is 'bad'." (Nelson-Jones, 2002) Six major ethical principles of the BACP are; self-respect, individual autonomy, beneficence (benefiting the client), non-maleficence (not harming the client), justice (fair distribution of services within the society) and fidelity (honouring promises and underpinning trust). These can be viewed for underpinning the practice of counsellors and superior practitioners. Ethical principles are well suited to examining the justification for particular decisions and actions. However, reliance on principles alone may detract from the importance of the practitioner's personal qualities and their ethical significance in the counselling or therapeutic relationship (BACP, 2013). Values inform principles and they are important to the counsellor to expressing their commitment to ethics. The values of counsellors include;...
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...Social Care | Unit Title: | Unit 24 – Introduction to Counselling Skills for Health and Social Care Settings. | Hand out date: | Thursday 7th of November 2013 | Hand in date: | Thursday 9th of January 2014 | Student: | | Assessor: | Wilhelmenia Etoga Ngono | Assignment title 2 | Counselling enhancement of a client’s care plan and review of counselling skills. | Scenario | As a trainee counsellor you have been asked to review the various processes are of importance during a helping relationship with a client. Your mentor has asked you to put together a PPT Presentation highlighting the importance of referral as well as the boundary issues which could affect your practice. To finalise your unit, your mentor has also requested to you write a reflective essay on supervision/ feedback and the positive impact of using counselling skills with your clients. | Criteria reference | To achieve the criteria the evidence must show that the learner is able to | Task No | Page no’s or evidence e.g., booklet, video | P4 | Describe the importance of referral to other organisation. | Task 1a and 1b | PPT Presentation | P5 | Describe potential boundary issues that could occur in a helping relationship. | Task 1a and 1b | PPT Presentation | M3 | Discuss how supervision and peer feedback can improve use of skills and self development. | Task 2 | Essay | D2 | Evaluate the effectiveness of the use of the use of counselling skills in aiding clients’ decision making processes. |...
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...theory of supervision to the students' own experiences. Title –‘The importance of supervision within the counselling profession.’ This will include references to personal experiences of supervision. 1750 words Please note: Students who have not yet experienced any supervision will need to make sure they have had the minimum of one session before they write the assignment (see assignment criteria two). The programme has a list of recommended supervisors students can refer to in order to arrange a one to one session with an appropriate supervisor. Assignment Criteria 1. Analysis of basic concepts and principles of good quality supervision. 2. Evaluation of students own use of supervision. 3. Application of the notion of the internal supervisor to student’s evaluation of their own use of supervision. 4. Clarity of expression and relevant literacy references. Title –‘The importance of supervision within the counselling profession.’ This will include references to personal experiences of supervision. 1750 words INTRODUCTION Bayner & Jinks maintain that supervision both safeguards the client and facilitates the effectiveness of the counsellor 1. Analysis (break into elements or component parts/describe the main ideas in depth, showing why they are important and how they are connected) of basic concepts (theory, model hypothesis and principles (values, ideology) of good quality supervision What constitutes good quality supervision? What...
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...this dilemma as it highlights the issue of boundary lines as a crucial aspect of effective and safe client-counsellor relationships. I run as a regular pastime with my local running club which is held on a mid week evening. My partner and I arrived at the club and bumbped into one of my clients, whom I had been counselling for two months. He had come to counselling as he had difficulty in forming personal relationships and was feeling lonely and depressed. The following day my client sent an email inviting my partner and I for dinner, suggesting we became friends. I considered the overlapping therapy and non-therapy contact to be problematic as it would involve entering a dual relationship with my client. Gabriel (2001) offers a definition which distinguishes between non-therapy and therapy contact by suggesting that a dual relationship occurs when: “a one-to-one contracted therapy relationship between an individual in the role of ‘client’ and one in the role of ‘therapist’ overlaps into a non-therapy context or role.” (p. ?). I identified a situation which became ethically challenging as I felt my client had crossed a boundary. “The boundary in counselling can be perceived as a limit line, with inherent fluidity and permeability, as well as safety and security. It is a limit line that requires the thoughtful actions of the boundary rider, the counsellor, to monitor and repair where...
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...Assessment Task 2 Research and ethical application (Case Vignettes) Case 1: Kevin 1. The ethical standard or principle, legislation and provide reference/s Australian Counselling Association - Code of Ethics and Practice 3.4 Confidentiality (a) Confidentiality is a means 3.6 Exceptional Circumstances (a) Exceptional circumstances may arise which give the counsellor goof grounds for believing that serious harm may occur to the client or to other people. In such circumstance the client’s consent to change in the agreement about confidentiality should be sought whenever possible unless there are also goof grounds for believing the client is no longer willing or able to take responsibility for his actions. Normally, the decision to break confidentiality should be discussed with the client and should be mad eonly after consultation with the counselling supervisor or if he/she not available, an experienced counsellor. (b) Any disclosure of confidential information should be restricted to relevant information, conveyed only to appropriate people and for appropriate reasons likely to alleviate the exceptional circumstances. The ethical considerations include achieving a balance between acting in the best interests of the client and the counsellor’s responsibilities under the law and to the wider community. (c) While counsellors hold different views about grounds for breaking confidentiality, such as potential self-harm, suicide, and harm to others they must also consider...
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...Both experience and new qualified practitioner are aware of the many models and theories in the counselling profession. Critical reflection, supervision, observation and client feedback all support and develop better Practitioner in the counselling field. The skill of using different theoretical approaches depending on the Practitioner and the condition the client presents assist with outcome and length of counselling required for clients. The approach of using both hope and the placebo affect with clients during counselling will be discussed to show how useful a tenchquie it can be for a range of clients and conditions that are presented in the counselling domain. Counselling Practitioner use a range of different tenquies, the hope and placebo approach are one that allows the client to establish goals for the future with positive thoughts, with a successful outcome in mind. As a practice within the counselling arena, acknowledge that the present situation clients find themselves in must be at a point in their life where guidance and support are required in the form of a counselling, hope and placebo tequniques have positive, long term outcomes for clients. When using tenquies that promote hope and placebo affects for clients it is important to use practices that you would with most of your clients in your counselling practice....
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