...studies with an aim of promoting international justice, peace, and human rights from the perspective of the Roman Catholic Church. The ‘Vocation of the Business Leader- a Reflection’ is a report on a seminar entitled Caritas in Veritate: The Logic of Gift and the Meaning of Business that was held in February 2011 at the PCJP. The report highlights the practical guiding principles for business men and women on Christian practices in the contemporary economic and financial world. It also acts as a handbook to be utilized by professors to instruct students in schools and universities on ethical dilemmas and good business practices. The report emphasizes the need for human dignity and service to the common good in business practices. It is generally meant to enable Christian business people to overcome the challenges presented by different unique circumstances in the corporate world and strike a balance between Christian faith and contemporary business practices. This is explored through three stages including seeing, judging and acting. The report suggests the proper functioning business markets and economies focused on serving the common good greatly contribute to both material and spiritual well being in the society. Moreover, good management practices enhance the dignity of employees and development of virtues. The report also stresses the importance of the integration of Christian faith and business practices. It discourages business people from living a divided life...
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...Climate Change The world’s changing climate will affect humans, ecosystems, cities and energy use, all in varying degrees (Gillard, 2011; Australian Catholic University, 2013b). This essay will describe the climate change issue and explain how it pertains to social justice and the common good. Climate change influences many different stakeholders, including governments, skeptics, the media, developing countries and future generations (ACU, 2013b). This essay will explore three of those perspectives being, developing countries, economists and Christians. It will identify the stakeholders, analyse their perspective highlighting their viewpoint on change. This viewpoint will be examined in terms of the common good and the principles of human flourishing and conclude discussing how the common good may best be served. Climate change is the change in the earth’s climate over many years. This change includes global warming, measured by the rise in the earth’s temperature (ACU, 2013b). For the purpose of this essay it is assumed that global warming results from human production of excess green house gases including carbon dioxide emissions (Gore, 2006). These gases form a layer in the earth’s atmosphere causing the sun’s rays to be reflected back down to earth and this called the Green House Effect further exacerbated by burning fossil fuels, deforestation and altering natural landscapes (ACU, 2013b). The effects of Global Warming are projected to rise over the next 50-100 years...
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...UNRISD U NITED N ATIONS R ESEARCH I NSTITUTE FOR S OCIAL D EVELOPMENT Religion, Fundamentalism and Ethnicity A Global Perspective Jeff Haynes UNRISD Discussion Paper 65 May 1995 UNRISD Discussion Papers are preliminary documents circulated in a limited number of copies to stimulate discussion and critical comment. The United Nations Research Institute for Social Development (UNRISD) is an autonomous agency engaging in multidisciplinary research on the social dimensions of contemporary problems affecting development. Its work is guided by the conviction that, for effective development policies to be formulated, an understanding of the social and political context is crucial. The Institute attempts to provide governments, development agencies, grassroots organizations and scholars with a better understanding of how development policies and processes of economic, social and environmental change affect different social groups. Working through an extensive network of national research centres, UNRISD aims to promote original research and strengthen research capacity in developing countries. Current research themes include: Crisis, Adjustment and Social Change; Socio-Economic and Political Consequences of the International Trade in Illicit Drugs; Environment, Sustainable Development and Social Change; Integrating Gender into Development Policy; Participation and Changes in Property Relations in Communist and Post-Communist Societies; and Political Violence and Social...
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...Journal of Economic Perspectives—Volume 24, Number 1—Winter 2010—Pages 93–118 Did Fair-Value Accounting Contribute to the Financial Crisis? Christian Laux and Christian Leuz I n its pure form, fair-value accounting involves reporting assets and liabilities on the balance sheet at fair value and recognizing changes in fair value as gains and losses in the income statement. When market prices are used to determine fair value, fair-value accounting is also called mark-to-market accounting. Some critics argue that fair-value accounting exacerbated the severity of the 2008 financial crisis. The main allegations are that fair-value accounting contributes to excessive leverage in boom periods and leads to excessive write-downs in busts. The write-downs due to falling market prices deplete bank capital and set off a downward spiral, as banks are forced to sell assets at “fire sale” prices, which in turn can lead to contagion as prices from asset fire sales of one bank become relevant for other banks. These arguments are often taken at face value, but evidence on problems created by fair-value accounting is rarely provided. We discuss these arguments and examine descriptive and empirical evidence that sheds light on the role of fair-value accounting for U.S. banks in the crisis. While large losses can clearly cause problems for banks and other financial institutions, the relevant question for our article is whether reporting these losses under fair-value accounting created additional...
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...Research | What are the cultural and economic values of the Basilica of the Holy Blood that the cultural tourists in Bruges attach to? | Tutor: Greetje KrijgsheldGroup: TM2LMembers: a. Tran Huy Thuc: 322938 b. Tran Le Viet Thao: 331287 c. Elena Loredana Sandu: 294594 | 1/14/2015 1/14/2015 Table of Contents Chapter 1: Introduction 3 Introduction 3 Problem statement 3 Overview of the report 3 Chapter 2: Literature review 5 Cultural heritage 5 Basilica of the Holly Blood visitor 6 Needs and demands 6 Cultural values (Intrinsic values) 6 Cultural values subsist the economic value 6 Economic value 7 Direct consumption 7 Indirect consumption 7 Beneficial externality 8 Economic value’s measurements 8 Contingent valuation method 8 Travel cost method 8 Choice modelling 9 Chapter 3: Research design/Methodology 10 Conceptual model 10 Research questions 12 Research method 12 Population and sampling 13 Limitations of the research 13 Chapter 4: Results and analysis 14 Research question 1 14 Research question 2 14 Research question 3 16 Chapter 5: Conclusion and recommendations 19 Appendices 20 Questionnaires matrix 20 SPSS 20 Reference list 26 Chapter 1: Introduction Introduction The Basilica of the Holy Blood is a Roman Catholic basilica in Bruges, Belgium and was originally built in the 12th century as the chapel of the residence of the Count. The uniqueness of the Basilica of Holy Blood lies in its...
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...Journal of Economic Perspectives—Volume 24, Number 1—Winter 2010—Pages 93–118 Did Fair-Value Accounting Contribute to the Financial Crisis? Christian Laux and Christian Leuz I n its pure form, fair-value accounting involves reporting assets and liabilities on the balance sheet at fair value and recognizing changes in fair value as gains and losses in the income statement. When market prices are used to determine fair value, fair-value accounting is also called mark-to-market accounting. Some critics argue that fair-value accounting exacerbated the severity of the 2008 financial crisis. The main allegations are that fair-value accounting contributes to excessive leverage in boom periods and leads to excessive write-downs in busts. The write-downs due to falling market prices deplete bank capital and set off a downward spiral, as banks are forced to sell assets at “fire sale” prices, which in turn can lead to contagion as prices from asset fire sales of one bank become relevant for other banks. These arguments are often taken at face value, but evidence on problems created by fair-value accounting is rarely provided. We discuss these arguments and examine descriptive and empirical evidence that sheds light on the role of fair-value accounting for U.S. banks in the crisis. While large losses can clearly cause problems for banks and other financial institutions, the relevant question for our article is whether reporting these losses under fair-value accounting...
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...National Service Training Program Introduction • Republic Act (R.A.) 9163 – also known as National Service Training Program (NSTP) Act of 2001 • Republic Act 9163 is an act establishing the National Service Training Program (NSTP) for tertiary level students, amending for the purpose Republic Act 7077 and Presidential Decree 1708 and for other purposes. • R.A. 9163 – enacted on January 23, 2002- date of approval and signature of President Gloria Macapagal-Arroyo. • What is the guiding principle in establishing the NSTP? Section 2 of R.A. 9163 affirmed that it is the prime duty of the government to serve and protect its citizens. In turn, it shall be the responsibility of the citizens to defend the security of the state and in fulfillment thereof, the government may require each citizen to render personal, military or civil service. • What are the goals of the State from among the youth in nation building? In recognizing the vital role of the youth in nation building, the state shall promote their civic-consciousness and develop their physical, moral, spiritual, intellectual and social well-being. It shall inculcate in the youth patriotism and advance their involvement in public and civic affairs. • What should the state do to pursue the afore cited goals? The youth shall be motivated, trained, organized and mobilized in military training, literacy, civic welfare and other similar endeavors in the service of the...
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...Marxism Within Black Theology of Liberation. This study seeks to expose the ways in which Black Theology of Liberation was shaped by Marxism through the writings of its founders, concentrating predominantly on the need to bring about the liberation of the poor African-Americans from their repressive white racist oppressors by any means necessary, and the redistribution of wealth to those deprived of it by their white capitalist oppressors. The theme of this researched remained embed in my mind during, and after the 2008-09 presidential campaign of former Sen. Barack Obama, when some of his political opponents thought it beneficial to disclose Obama’s connections to a Black Theology of Liberation. Through this research I seek not only to obtain a broader understanding of this particular theology of liberation, but also to understand the Marxist ideological concept within the Black Theology of Liberation. Towards the culmination of the decade which witnessed the peak of the Civil Rights movement, black churches throughout America in the 1960s began to search for avenues through which they could help their communities cope with racial discrimination. Caught between the contradicting preachings of Martin Luther King Jr. and Malcolm X, a peculiar young theology student from Union Theological Seminary of New York City, James H. Cone, published his proposal for a Black Theology of Liberation titled Black Theology and Black Power (1969). This first scholarly work served...
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...Faith Integration : Final Project Managerial Finance July 1, 2012 ABSTRACT This essay will provide a scriptural key to understanding the topics of finance in a Christian worldview perspective. The illustrations will be reflected through the events found in God’s word, providing a greater understanding into the relevance of the Bible in today’s economic world. It will show the importance of the integration of faith, as God has provided his wisdom for today in the illustrations of the Holy Word. Refer to II Timothy 3: 16 – 17; “All scripture is God-breathed and is useful for teaching, rebuking, correcting and training in righteousness, so that the servant of God may be thoroughly equipped for every good work” (NIV, 2005), to understand that God’s word continues to apply today as it has maintained strength and reference to aspects of life and development. The topic of finance is addressed throughout the scriptures with suggestions for the proper practice. It is clear in the study of his word that finance is a part of the structural design that is to provide for the development of humankind and the world. INTRODUCTION TO FINANCE Stewardship How faith integration manifest itself within the practice of corporate finance can only be found when studying God's word within the Holy Bible and practicing its teachings. One important aspect of integrating ones faith within the context of finance...
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...RETHINKING THE (EUROPEAN) FOUNDATIONS OF SUB-SAHARAN AFRICAN REGIONAL ECONOMIC INTEGRATION: A POLITICAL ECONOMY ESSAY by Peter Draper Research area: African Economic Outlook September 2010 Working Paper No. 293 Rethinking the (European) Foundations of Sub-Saharan African Regional Economic Integration: A Political Economy Essay DEV/DOC(2010)10 2 © OECD 2010 DEVELOPMENT CENTRE WORKING PAPERS This series of working papers is intended to disseminate the Development Centre’s research findings rapidly among specialists in the field concerned. These papers are generally available in the original English or French, with a summary in the other language. Comments on this paper would be welcome and should be sent to the OECD Development Centre, 2 rue André Pascal, 75775 PARIS CEDEX 16, France; or to dev.contact@oecd.org. Documents may be downloaded from: http://www.oecd.org/dev/wp or obtained via e-mail (dev.contact@oecd.org). THE OPINIONS EXPRESSED AND ARGUMENTS EMPLOYED IN THIS DOCUMENT ARE THE SOLE RESPONSIBILITY OF THE AUTHOR AND DO NOT NECESSARILY REFLECT THOSE OF THE OECD OR OF THE GOVERNMENTS OF ITS MEMBER COUNTRIES ©OECD (2010) Applications for permission to reproduce or translate all or part of this document should be sent to rights@oecd.org CENTRE DE DÉVELOPPEMENT DOCUMENTS DE TRAVAIL Cette série de documents de travail a pour but de diffuser rapidement auprès des spécialistes dans les domaines concernés les résultats des travaux de recherche du Centre...
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...A Short History and Summary of the Current Conditions in Chile and Its Geographical Situation Stephanie McFearin HUMN 305-Q3WW A Short History and Summary of the Current Conditions in Chile and Its Geographical Situation Geography and Background Chile is a country situated on the west coast of South America. It is also known as The Republic of Chile. The size of Chile is 289,112 square miles with a width of less than 100 miles. It is basically a little larger than Texas. Chile is divided into three main parts, mainland and two territorial islands named Isla Sala y Gomez and Easter. Chile has an interesting history and it has seen many ups and downs in its economic development (Hudson, 1994). A description of the history of the 20th century of Chile and its current economic and political situation is presented below. The history of the 20th century of Chile is mainly focused on its entrance to the parliamentary system and thus it saw the changes in its political situation. In the beginning of the 20th century, Chile was stable despite of having lesser power in the hands of presidents. During this time, congress selected the president for the country. The presidents of this century mainly includes: Germán Riesco Errazuriz, Pedro Montt, Ramón Barros Luco, and Juan Luis Sanfuentes. During the 1920’s, there was an increasing gap between the middle class and lower class of society (Bizzarro, 1987). Due to this gap, the masses were dissatisfied and they called a new leader...
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...Devin Ponder Eng291-001 13 September 2013 Rhetorical Analysis Rhetorical Analysis of “Letter from Birmingham Jail” “Letter from Birmingham Jail,” by Martin Luther King, Jr., is a letter in which King is writing to his “fellow clergymen” in a response to their recent criticism of the actions he was leading in Birmingham at the time. The letter was written in April of 1963, a time when segregation was essentially at a peak in the south. Birmingham, in particular, is described by King as “probably the most thoroughly segregated city in the United States” (King 7). King goes on to inform the clergymen of the reality of the situation where he is and how waiting isn’t an option anymore. In the letter, King uses a variety of rhetorical strategies to accomplish the task of appealing to the readers from a logical standpoint. King first establishes his credibility to answer the clergymen by naming his personal title and comparing himself to such a higher historical authority as the apostle Paul. King uses repetition of his personal experiences in Birmingham to describe the situation from an emotional standpoint. By stating his credibility and giving his personal experiences, King gives the readers no choice but to listen to what his reasoning is behind his actions taken in Birmingham. He does so by describing how he has dealt with the situation in Birmingham appropriately using the four basic steps of any nonviolent campaign, and defining what those are. By coordinating the rhetorical...
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...MARKETING IN THE 21ST CENTURY COMMENTARY Implementation Strategies in the Market-Driven Strategy Era David W. Cravens Texas Christian University The very insightful analysis of marketing strategy implementation by Piercy (1998 [this issue]) points to several key issues concerning the role of marketing in the 21st century. Perhaps most compelling is his assessment of the potential threats to the role of marketing in the organization and implementation in particular. He examines several important concerns presented by the lean enterprise paradigm (Womack and Jones 1996). While I am more optimistic about the future of the discipline, relevant dimensions of change promise to significantly alter the nature and scope of marketing strategy and its implementation. Business strategy has entered a new market and competitive environment, appropriately designated as the market-driven era because of its central focus on the market as the basis for strategy design and implementation (Cravens, Greenley, Piercy, and Slater 1998; Day 1994). A pervasive dimension of this era is the pivotal role of the market in guiding strategic change. While the paradigms based on the market-driven era continue to evolve, it is apparent that markets provide the focus of strategic thought and practice. This focus offers an array of challenges and opportunities to the marketing discipline. Many academics and executives are examining the fundamental assumptions and guidelines underlying strategy formulation...
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...______ Professor: Dr. Phil Lewis, Professor of Management Phone (Work): (405) 425-5561 or 425-5560; (Home): (405) 475-7070 Email: phil.lewis@oc.edu Virtual Office Hours: Email responses normally within 24 hours. Mission of Oklahoma Christian University Oklahoma Christian University is a higher learning community that transforms lives for Christian faith, scholarship, and service. MISSION OF THE OC SCHOOL OF BUSINESS ADMINISTRATION Within a framework of excellence in contemporary business education, the School of Business Administration will build a community of lifelong relationships upon a foundation of enduring Christian values. CONTRIBUTION OF COURSE TO CHRISTIAN SERVICE AND LEADERSHIP For I have walked in my integrity … I will walk in my integrity … Joyful are people of integrity, who follow the instructions of the Lord. Psalm 26:1, 26:11, 119:1 (NKJV). THE OC COVENANT The Covenant for Oklahoma Christian University is posted under Course Information. REQUIRED TEXT Phillip V. Lewis, Ethics in the World of Business, Kendall-Hunt Publishing Co., 2014 (ISBN: 978-1-4652-3979-2). COURSE DESCRIPTION This course examines the basic ethical issues involved in the conduct of business from a biblical perspective. Critical thinking of organizations as a spiritual, social, moral, and ethical activity is explored, as well as the decision process. The way these decisions are communicated to others is also studied. LEARNING OUTCOMES/OBJECTIVES 1. Compare...
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...Others rejected the socialist emphasis on international class politics and proposed nationalism as another alternative to individualistic capitalism. Unlike socialists or communists, nationalists believed that there was nothing inherently wrong with capitalism. They just thought it should be regulated and made to benefit the nation as a whole in addition to the few individuals who owned the means of production. In either case, political philosophies that emphasized nation and class were responses to a changing world that had uprooted old social beliefs. Communism, which is also described as "Revolutionary Proletarian Socialism" or "Marxism," is both a political and economic philosophy. The Communist Manifesto is widely regarded as the founding documents of modern communism. It provides an analysis of the limitations of capitalism and class struggle, and it presents the main principles of communist ideology in detail. Marx and Engels viewed the capitalist development which had taken hold in England, Belgium and to a certain extent France as revolutionary. It could destroy the old feudal societies which still dominated much of Europe and it could lead to...
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