...because psychologically, people will brush things under the rug unless they are directly affected and believe that their effort will make some sort of change. This can be explained by the naturally occurring defense mechanisms our brains unconsciously apply and the concept of pluralistic ignorance. Defense mechanisms such as repressing the grim reality of your surroundings, or rationalization that leads to the normalization of abnormal occurrences, can lead to a person unconsciously disregarding prominent issues around them. Pluralistic ignorance, on the other hand, is when you are already aware that there is an issue, but you don’t think anyone else is aware of this issue, so you keep it to yourself. When Theo becomes directly affected by the immigrant extermination crisis when faced with a pregnant foreigner, and Winston realizes his effort could make a change when discovering that the Brotherhood is real, they have no reason left to remain blind to the inequality of their society. Kee’s baby places Theo in a place where he is suddenly too deeply immersed into the crisis of immigration extermination to apply his defense mechanisms, and the Brotherhood destroys Winston’s pluralistic ignorance. These motifs change the...
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...The Giant Pool of Money 1) Drawing on what you learned in Session 1 and the readings that are assigned for Session 2, identify two psychological processes or biases exemplified by the individuals in the radio story that contributed to the subprime mortgage crisis. (At least one of the two processes that you write about should be taken from the Bazerman and Moore reading from Session 1. 2) Ignoring the actual regulatory context of the industry, design an institutional repair that might help prevent one of the processes you identified in part 1. The mortgage crisis triggered a severe global economic recession in 2008. It resulted in the collapse of the housing market, failure of key businesses, and a decline in consumer wealth. The crisis was caused because of the widespread use of financial products such as Mortgage-backed securities (MBS) and Collateralized Debt Obligations (CDO) without accurate evaluation of the risk of the underlying mortgages they represented. As the “Giant Pool of Money” shows, one major bias exemplified by the individuals was “confirmation trap”. Credit rating agencies rated MBS as “AAA” implying they were as safe as US Treasury Bonds which were the traditional investment choice of the global pool of money. The data used for this rating was based on relatively recent history of mortgages with low foreclosure rates. However this data did not apply to the new kinds of mortgages that were being issued. [1] The use of irrelevant data caused credit...
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...Food is the daily necessity of human beings in every day’s life. With eating food, people can alive; without eating food, people can die. However, individuals may also die from eating food because of the food contamination issues. According to the “U.S. Food Safety”, Vamburkar declared that there are one out of six Americans gets sick and 3,000 people die from the food they eat in each year. The contamination crisis and outbreaks in multiple restaurants chains especially Chipotle in recent years make people feel unsafe about the food and doubt the food safety problem. In the food industry, supply chain plays an important role in the food safety and it is also one of the parts that causes most problems. In the food supply chain, the impacts and roles of either big and small suppliers determine whether the fresh produce or meat (raw material) would go through carefully inspections before distributing to restaurants and...
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...disease, and labor issues. In Woman and the New Race, Sanger explores the causes of overpopulation, including ignorance, immigration, and religious ideals, which have the effect of degrading the race, and details how birth control is the only logical and moral response to this crisis. Sanger insists that woman’s ignorance of her reproductive abilities causes her to bear more children than she can properly care for and her husband can support resulting in overpopulation. In fact, when her husband’s salary does not increase at the same rate as the size of the family, Sanger reports, the mother must join her husband in the work force, leaving her little time to attend to her children and household, causing harm to her health as well as to the children’s well-being. Additional strain on the mother’s health, Sanger informs, comes when she has too many children born one after another, preventing the mother from having sufficient time to recover her health. Therefore, a mother who bears children when she herself is not in good health passes along this legacy of ill-health and poor strength to her offspring, she states. Consequently, as the foregoing reasons demonstrate, the degradation of the race is the end result, asserts Sanger. She notes in the following, “Caught in this ‘vicious circle,’ . . . human beings so plentiful as to be cheap, and so cheap that ignorance was their natural lot” (5). Sanger suggests that when there is too-prolific reproduction, an individual’s value...
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...is always the strongly marked feature of all religions established by law. Take away the law-establishment, and every religion re-assumes its original benignity.” - Thomas Paine, The Rights of Man (1791) “Congress has no power to make any religious establishments.” - Roger Sherman, Congress (1789) "The way to see by faith is to shut the eye of reason." - Benjamin Franklin, Poor Richard's Almanack (1758) "I contemplate with sovereign reverence that act of the whole American people build a wall of separation between Church & State." - Thomas Jefferson, letter to the Danbury Baptists (1802) "To argue with a man who has renounced the use of reason is like administering medicine to the dead." - Thomas Paine, The American Crisis No. V (1776) Note: You can read Paine's whole pamphlet, where he expresses his atheistic beliefs, here. “Our civil rights have no dependence on our religious opinions, any more than our opinions in physics or...
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...Fahrenheit 451, a book written by Ray Bradbury, is one of his most famous writing.Ray Bradbury is most famous for his exceptional science fiction and horror themed books, including The Martian Chronicles, The Illustrated Man, and I Sing Body Electric.In the book, Fahrenheit 451, Ray Bradbury presented us a society where the firemen burn books instead of eliminating the fire.The society does not like nature, think independently, or spend time by themselves.Instead, they watch myriad amount of television on wall-size sets and listen to radios on “Seashell Radio” attached to their ear.The main character, Montag Guy is a fireman who burn books in a futuristic American society, he was jubilant of his job, and enjoys burning books.”It was a special pleasure to see things eaten, to see things blackened and changed.” Montag Guy,the main character, enjoys burning books and gets pleasure from it.That is until he met Clarisse McClellan, a beautiful seventeen-year-old that unlike anybody Montag had seen.She made him realize how empty his life is and made him wonder what books are.However, he soon began to encounter a series of disturbing events.First, his wife tried to commit suicide by eating a bottle of sleeping pills but was not...
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...FINANCIAL MANAGEMENT Module Run No: R19/3-2011 PROJECT REPORT By: Tengku Mohamad Hedir (Intake: R19/03-2011) In partial fulfillment of the requirement of the HIGHER DIPLOMA IN SUPPLY CHAIN MANAGEMENT NO | TABLE OF CONTENTS | PAGE | 1 | INTRODUCTION | 3 | 2 | OBJECTIVE | 3 | 3 | EXECUTIVE SUMMARY | 4 | 4 | CAUSE OF THE ECONOMIC CRISIS | 5 | 5 | RISK MANAGEMENT | 6 | 6 | VARIOUS FORMS OF RISKS | 7 | 7 | MANAGING RISKS | 9 | 8 | CONCLUSION | 11 | INTRODUCTION This Project Report is based on the topic of “The Global Economic Crisis Challenges Management of Business Risks”. With view to the economic crisis in 2008 up till today, many businesses and major world economies are still reeling from the effects of the global downturn. This is primarily due to the onset of the subprime credit crisis. The subprime crisis is characterized by a rise in mortgage delinquencies and foreclosures backed by housing loans to individuals who face difficulty maintaining the repayment schedule. However, those who turn out better from the crisis have been seemingly those with greater awareness of their risks of doing business and practice more effective management of these risks. OBJECTIVE The objective of this Project Report is to identify the various risks that a business in Singapore needs to be aware of and to manage. EXECUTIVE SUMMARY The importance of risk management cannot be overstated. This is a fundamental part of doing business that...
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...A recurring theme of the media is the sense that the nation is not in control of its fate, its economy and its borders, and that immigrant and refugees are the major reason why. This treatment of immigrants and refugees creates a crisis mentality, and results in extreme negative reactions toward them, including their dehumanization- the ultimate form of intolerance of otherness. Patrisia Gonzales and Roberto Rodriguez elucidates on the topic of dehumanization of immigrants in their article, “$4,000: The Price of a Mexican”. Gonzales and Rodriguez share the incident of a South Texas rancher shooting a Mexican immigrant. Even when found guilty, the man was charged with an absurdly minimal amount of four thousand dollars. This article provides the perfect example of how even though the hate crimes committed against immigrants are on a disquietly rise, they are still degraded and dehumanized even by the...
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...Sometimes having one’s talents or strengths being under utilized in the workplace isn’t always in our control. During the last several years of my work as a paralegal, I was just “going through the motions” doing the same nonsense day in and day out. In the world of insurance defense, productivity was the ultimate sign of success. The maxim, “if you breathe, you bill” was a way of life and the more work you got done efficiently and accurately, the better. The Clifton StrengthFinder® survey revealed that my top strength theme was Learner. According to Dr. Clifton, a learner has a great desire to learn and to continuously improve. He further opines that the Learner enjoys the “deliberate journey from ignorance to competence”. (Clifton, D.O.,...
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...I remember him being visibly upset about selling the house, but since I was so young I did not understand the current crisis America was facing and the consequences my dad was acquiring by short-selling the house. I learned about the Financial Crisis of 2008 by sophomore year of high-school, but I did not realize that was the event that caused my family and many other Americans to lose their house. The epiphany of connecting the two events did not occur until I watched The Big Short. After watching the movie, I called my dad and he said the movie was a very accurate description of what caused the financial crisis to happen, and that the Financial Crisis was one of the main reasons we sold our first house in...
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...meeting between the separate state institutions, this included the raising of the guarantee. Presentations and meetings organised by the government around this time, with the other significant players in the banking crisis, sought reassurance that the suggested course of action was viable and indeed the correct one to choose. However these other players (the Irish banks and international investment banks advisors) appear to have a quite clear vested interest in the government bank guarantee coming to fruition. Time pressures may have played a part in the lack of diversity in the pool of advisors from which the government based their decisions. Indeed on the 18th of September Anglo Irish Bank presented a misleading state of health for the bank. It’s distorted viewpoint consisted of metrics showing Anglo as class leading in it’s market when the reality could not have been further from the truth. Statements such as “Even at this level the bank continues to be highly profitable” presented a delusional state of thinking that was either intended to hoodwink those present into believing the logic for a government guarantee was strengthened or that the presenters themselves hadn’t the faculties to fathom the order of magnitude the crisis entailed combined with the ignorance of their own internal affairs. Either way it is highly questionable that members of Anglo Irish Bank should have been trusted to play any part in shaping or influencing the thinking of the key...
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...When it comes to Flint, Michigan a town that has been in crisis for many years. Once Flint Michigan was a prominent car manufacturing town, but the car manufacturing companies close-up shop and took the car manufacturing factories overseas to save money. When it comes to the water crisis yet again the small town of Flint, Michigan near Detroit was absolutely decimated with health issues and poisoning due to lead and other chemicals found in the water due to local government trying to save money. To know what the initial problem was we needed to know what the government was trying to do. Local government came up with a plan of hiring a individual/emergency manager that can make decisions on local Flint issues without the need of approval of local government. The basic concept an idea that was used was to take Flint, Michigan off the Detroit water system and eventually create a pipeline from Lake Huron to create a cheaper water supply, but until the pipeline was built they would take water from the flint River. Which is properly investigated the idea the government would’ve found these issues in advance but since a non-government agency that they created decided to go with the plan anyways without proper results for studies this incident may not have happened....
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...A true ruler is a partner and an ally of the people. The title of an effective leader is only rewarded when there is an obvious effort shown to understand and communicate with the people. A leader must take in regards the outward suggestions of his rule to govern a place in a way that is beneficial to its’ residents. In Sophocles’ play Antigone, which is a continuation of Oedipus Rex and the last play in the Oedipus Cycle, this standard is ignored. In the play, the current king of Thebes, by default is Creon. This supposed righteous king is the source of the problems that arise in his country, mainly because he displays ignorance to the Thebans. His shortly fused temper and defensive nature proves to get the best of him. Additionally, he is...
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...word crisis. By the virtue of its phonology and perceptual disruptive characteristics, it needs no introduction. However, over the years, men and women both educated and uneducated have become victims on a number of reasonable and unreasonable grounds ranging from acts of God, ignorance, materialism, human error and as well as unsafe acts, lack of standard of operations, government decisions/indecisions. As it is world-wide, crisis has assumed the right of occupancy in the affairs of mankind, making it extremely imperative for us to critically and objectively explore, expand and to deepen our understanding about its triggers, escalations, life-cycle, dimensions and including every conceivable aspects of crisis through education, sensitisation and conscientisation on the platform of Crisisology. Key words: crisis, emergency, disruption, management and Crisisology Crisis is the occasion of pain, injuries, illnesses, disabilities, deaths, and property damages. It disrupts means of livelihood and unleashes other undesirable consequences to lives and the environments that threaten growth, development and communal survival. Crises are inevitable. No individual, organisation or society is immuned from it. A crisis is one of the purest forms of global equality – blind to race, culture, religion, occupation or income. A crisis is an equal opportunity employer. It is rarely planned for, surfaced unexpectedly and disrupts normal operations. In attempts to curb crises, Crisis Management...
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...Ronald Reagan an Overrated President Tami Arreguin HIS/145 July 15, 2013 Nancy Fraleigh Ronald Reagan an Overrated President Ronald Reagan, the nation's 40th president, only recently became one of the most revered men in history. Reagan's ratings were higher than the averages of his three immediate predecessors Jimmy Carter, Gerald Ford, and Richard Nixon (Newport, Jones, & Saad, 2004) . How and why would so many Americans too soon forget all of the dishonesty and broken promises that came out of the White House while Reagan was in office? It is clear that many factors came into play that goes to show that Ronald Reagan is highly overrated as not only the president, but also an individual. One of the first situations that occurred, as Reagan was sworn in, was the release of the 51 hostages from the American Embassy in Tehran. It seemed that the projected win of the future President Reagan triggered some fear in the Iranians. However, there were a few incidences that occurred, prior to the inauguration of Reagan, that actually set the stage for the emanate release of the hostages. (United States History, n.d.) In July, near the last leg of the presidential race, The Shah of Iran died. The return of the Shah, being one of the many requests in negotiations with the Iranian’s, was now neutralized. This brought the negotiations one step closer to closure (United States History, n.d.). Also, shortly after the death of the Shah, Iraq invaded Iran which created...
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