..."Oh God", my dad whispered with his eyes glued to the television. "The stock market just crashed." Unaware of the weight of this situation, I didn't think much of it at the time. However, over the next couple of months, several of my uncles were laid off as a cause of this incident. Angrily, I wondered how such hardworking people could be fired so easily. Indignant, I began reading and researching, finding all I could about the 2008 Global Financial Crisis. Why did the company fire Uncle Qi? What began as resentment soon evolved into curiosity and interest. I was shocked to learn that the decisions of a few people could have such profound and resonating impact on the global economy. Yet, what intrigued me the most was "why". Questions such as "Why did Henry Paulson choose to let Lehman Brother go bankrupt?" and "Did emotions play a role in his decisions?" fueled me. I knew economic decision making was something I wanted to pursue....
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...analysis of company information; analyst reporting processes; and market impacts. The common information concerns ‘soft’ or qualitative information about the company intellectual capital (IC) or intangibles in the company business model. Banks and bank analysts are used as examples. Knowledge, social and economic factors in the wider ‘market for information’ (MFI) are shown to be major influences on ‘soft information’ and how it changes in analyst information intermediation processes. Negative knowledge and social factors play a role in weakening and eventually destabilising economic processes in analyst and the MFI. They were important factors in creating knowledge and information problems in analysts and the MFI, both ongoing, and during the crisis of 2007-09. These factors are also part of a solution to the problems. The solutions include improved, transparent knowledge of business models of companies, analysts, and rest of MFI. They also include active use of social forces to create critical and reflexive performativity conditions in the MFI. The empirical analysis is discussed in a novel theoretical...
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...TheGlobal Business Environment – Fall 2013 Homework 1: The Great Recession and “The West and the Rest” Expose your narrative on the Great Recession. Do you see a relation with a possible bug(s) in one or more of the six killer applications listed by Ferguson? Write a 1-page essay, single line, 12pt, in your best English. Global Business Environment – Fall 2013 Homework 1: The Great Recession and “The West and the Rest” One of the apps Ferguson suggests as having propelled Western Civilization over the rest is consumerism. This analysis begins with what I believe to be a bug in this app. Consumerism is mentioned by Ferguson as a tool which enabled Westerners to express their individuality, opinions, and ideas. Though this begins with jeans and pop music, the true importance of this app greatly exceeds...
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...Significant Lifespan Factors Impacting Personal Coping Skills Catherine Manning Liberty University Abstract Human beings develop throughout their lifespan, as they make good choices to meet their physical, spiritual and emotional needs. While development is not sequential, it is progressive as the story of life molds and shapes the beliefs and choices of the future. When humans are compared and evaluated, what is it that influences one person to make good choices and another to make bad choices? The ability to adapt and handle times of crisis is a good indicator of a healthy, well-balanced life. It is an indicator that affects almost everyone. It takes skills that mature and develop over time. Are there life experiences that contribute to the positive handling of the stressors of a crisis? Personal experience and pertinent research points to three themes offering positive influence upon crisis adapting skills. First, a religious and spiritual foundation provides the context through which the crisis can be understood, analyzed and managed. Second, a positive, stable family situation allows for the development of the positive self-esteem necessary through which the impact of the crisis upon the individual can be managed. Finally, the satisfaction found in a career or a job can determine perspective and motivation in dealing with problems outside the workplace. Significant Lifespan Factors Impacting Personal Coping Skills Lifespan developmental psychology...
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...While development is not sequential, it is progressive as the story of life molds and shapes the beliefs and choices of the future. When humans are compared and evaluated, what is it that influences one person to make good choices and another to make bad choices? The ability to adapt and handle times of crisis is a good indicator of a healthy, well-balanced life. It is an indicator that affects almost everyone. It takes skills that mature and develop over time. Are there life experiences that contribute to the positive handling of the stressors of a crisis? Personal experience and pertinent research points to three themes offering positive influence upon crisis adapting skills. First, a religious and spiritual foundation provides the context through which the crisis can be understood, analyzed and managed. Second, a positive, stable family situation allows for the development of the positive self-esteem necessary through which the impact of the crisis upon the individual can be managed. Finally, the satisfaction found in a career or a job can determine perspective and motivation in dealing with problems outside the workplace. Significant Lifespan Factors Impacting Personal Coping Skills Lifespan developmental psychology (LP) is involved in the study of the individual’s development from conception or birth into old age. One of the assumptions of LP is that significant life events shape and transform the personality, thinking process and behavior of the individual. Lifespan...
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...Women’s Midlife Crisis A midlife crisis is defined as personal turmoil and coping challenges in people age 39 through 50 brought on by fear and anxieties about growing older, (Lang, 2001). It is associated with the feelings of impending mortality and death. We hear the term used constantly in reference to men, my focus is how does this affect women. In women we hear menopause as our “midlife crisis”. Menopause has been studied but it’s research is based on the physical changes women’s bodies go through. There is limited research on what our emotional state is during our midlife. That being said, I was wondering besides the hormonal changes and the symptoms of those changes what do women endure emotionally when they are faced with the same aspects of knowing their passed the midpoint. We also must evaluate if we have made our mark on the world and if we have accomplished what we feel we wanted to. So I decided I would like to find out if there are any steps that can be taken to ensure our emotional wellbeing. I know the “empty nest syndrome” is a major factor for many women. I am just starting the realization that my kids are grown and have their own lives to live. They have been my center, what I define my life by. Now I have to move on and accept they still need me but at a much different level. I must find another concentration in life, and I need to make it about me and what I want for me. So my quest is to find out if the rest of my life can be as fulfilling as the...
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...|1a. Module Title: |1b. Module Code: | |Crisis, Change and Creativity in Contemporary Business |BP1BS313 | |2a. Module Scheme: |2b. Name of Programme(s): | |Undergraduate |BSc(Hons) in Business and Management | |3a. Module Leader: |3b. Location: | |Ioannis Doukas (Ph.D Candidate) |Business School | |4a. Module Status: |4b. Module Credit Rating: |4c. Module Type: | |Dedicated |20 |Core Module (Compulsory Module) | |5. Programme Stage in which module is offered: | |Year 3, Semester A | |6. Total learning hours: ...
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...What are the most important therapeutic uses of Scripture in counseling? Scripture is the Word of God and is a fountain of wisdom. In the book of Hebrew says “the word of God is alive and active.” The most important therapeutic uses of scripture are: when personal problems arise, for example when there are feelings of guilt, anxiety, when there is suffering, trauma, stress and depression. Another therapeutic use of scriptures is in interpersonal conflicts, for example resentment family issues, marriage issues. Another important therapeutic use of the scriptures are when unfortunate events occur, for example the loss of a love one, financial problems, crisis caused by catastrophes. According to McMinn (1996) some counselors advocate using Scripture as a Therapeutic intervention for recovery groups with codependence problems, to help couples recover from sexual affairs, in child therapy using Narrative therapy and cognitive therapy using Scripture memory and meditation. In the book of Timothy, Paul says: “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”. In the book of Philippians 4:8 say “Finally, brothers and sisters, whatever is true, whatever is noble, whatever is right, whatever is pure, whatever is lovely, whatever is admirable if anything is excellent or praise worthy think about such things.” What are some cautions or possible...
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...feedback on relevant competencies for your career goal, as well as other insights. By knowing your strengths and areas to develop, you can begin a plan to find out what you need to do to achieve your career goals. We encourage you to continue to reflect on the identified areas throughout the MBA program. If you feel a strength or development area is no longer relevant, you may add another to take its place. At any time, you may also add additional areas. Your Name: Shannan Weaver Date: 6/16/2015 Course Title: Financial Accounting Principles and analysis Professional Goal (3-5 years) from now: In three to five years from now I would like to be a manager at my current place of employment Strengths to Leverage Step 1: The most effective and satisfied people align their work with their natural strong points. Identify 3-5 of your key strengths (see Column 1 below); these could be a competency, skill, ability, knowledge area or personal characteristic. Think about how you can leverage those strengths to be effective in your work, achieve your professional goals, and become a leader in your profession. Step 2: At the beginning of...
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...century and illustrate these characteristics using the texts studied in class. Okay let’s start with William Butler Yeats, who was not only the main figure in the Irish literary renaissance but also the twentieth century’s greatest poet in the English language. Yeats constantly uses allusive imagery and large symbolic structures. Yeats adopted a cyclical model of history which he created a private mythology that allowed him to come to terms with both cultural and personal pain. This model also helped explain the symptoms of the Western civilization’s declining spiral; the plight of contemporary Irish society and the chaos of European culture around World War 1. Yeats shares with writers like Rilke and T. S. Eliot the quest for larger meaning in a time of trouble and the use of symbolic language to give verbal form to that quest. For many years it is Yeats’s mastery of images that defines his work. From his early use of symbols as private keys, or dramatic metaphors for complex personal emotions, to the immense cosmology of his last work, he continued to create a highly visual poetry whose power derives from the dramatic interweaving of specific images. One of his poems called When You Are Old pleads his love for the beautiful actress and Irish nationalist Maud Gonne, whom he met in 1889 and who repeatedly refused to marry him. From the love poems of his youth to his old age, when The Circus Animals’ Desertion describes her as prey to fanaticism...
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...bankruptcy and eventual demise was the result of a lack of ethical corporate behavior attributed, more generally, to capitalism’s inability to check the unmitigated growth of corporate greed. Others believe Enron’s collapse can be traced back to questionable accounting practices such as mark-to-market accounting and the utilization of Special Purpose Entities (SPE’s) to hide financial debt. In other instances, people point toward Enron’s mismanagement of risk and overextension of capital resources, coupled with the stark philosophical differences in management that existed between company leaders, as the primary reasons why the company went bankrupt. Yet, despite these various analyses of why things went wrong, the story of Enron’s rise and fall continues to mystify the general public as well as generate continued interest in what actually happened. The broad purpose of this paper is to investigate the Enron scandal from variety perspectives. The paper begins with a narrative of the rise and fall of Enron as the seventh largest company in the United States and the sixth largest energy company in the world. The narrative examines the historical, economic, and political conditions that helped Enron to grow into one of the world’s dominant corporation’s in the natural gas, electricity, paper and pulp, and communications markets. Upon providing the substantive...
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...the welfare criteria, higher earning households in heavy debt could possibly receive welfare, which would theoretically allow them to increase payments on their debt. On a large scale, a decrease in median national debt can lead to real growth in the national gross domestic product or GDP. Literature Review Upon searching for related research to my question, I came across an article by Edward Wolff entitled: “Recent trends in household wealth in the United States: Rising debt and the middle-class squeeze - An update to 2007”. Wolff’s paper focused on the increasing debt among American households. Using data collected for the: 1983, 1989, 1992, 1995, 1998, 2001, 2004, and 2007 Surveys of Consumer Finances by the Federal Reserve Board, the personal consumption expenditures data provided in the National Income and Product Accounts report , and the Bureau of Labor Statistics’ Consumer Expenditure Survey ,Wolff found that the ratio of debt-to-net-worth of the middle class rose from 37 percent in 1983 to 46 percent in 2001 and then jumped to 61 percent in 2007. Correspondingly, their debt-to-income rose from 67 percent in 1983 to 100 percent in 2001 and then zoomed up to 157 percent in 2007 (Wolff 20). Wolf concluded that this new debt took two forms. First was credit card debt. As credit cards became increasingly available over the years, households were able to purchase above their income levels. In moderation, and with proper budgeting, this is possible. Without careful budgeting however...
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...Local Economy http://lec.sagepub.com/ The euro crisis Andrew Jones Local Economy 2011 26: 594 DOI: 10.1177/0269094211421748 The online version of this article can be found at: http://lec.sagepub.com/content/26/6-7/594 Published by: http://www.sagepublications.com On behalf of: London South Bank University Local Economy Policy Unit Partner Organisation: Centre for Local Economic Strategies Additional services and information for Local Economy can be found at: Email Alerts: http://lec.sagepub.com/cgi/alerts Subscriptions: http://lec.sagepub.com/subscriptions Reprints: http://www.sagepub.com/journalsReprints.nav Permissions: http://www.sagepub.com/journalsPermissions.nav Citations: http://lec.sagepub.com/content/26/6-7/594.refs.html >> Version of Record - Nov 17, 2011 What is This? Downloaded from lec.sagepub.com at UNIV OF GUELPH on November 17, 2013 Review article The euro crisis Andrew Jones Local Economy Policy Unit, London South Bank University, UK Local Economy 26(6–7) 594–618 ! The Author(s) 2011 Reprints and permissions: sagepub.co.uk/journalsPermissions.nav DOI: 10.1177/0269094211421748 lec.sagepub.com ´ ˜ Marco Buti, Servaas Deroose, Vıtor Gaspar and Joao Nogueira Martins (eds), The Euro: The First Decade, Cambridge University Press: Cambridge, 2010; 1048pp: ISBN 978-9279098420, £95 (hbk); Roy H. Ginsberg, Demystifying The European Union: The Enduring Logic of Regional Integration (2nd edn), Rowman & Littlefield: Lanham, MD, 2010;...
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...‘Society has now entered a postmodern age and we need new theories to understand it.’ Assess this view. Society has experienced important changes in recent times. Some sociologists argue that these changes are so reflective that they represent an important shift, from the modern society of the past two centuries, to a new, postmodern society from the era of modernity to the era of postmodernity. Other sociologists disagree and argue that although recent changes have been very significant, these are actually part of modernity itself. In addition to this, opinions are also divided on what theory we need to understand these changes in society. Some have adopted the perspective known as postmodernism to describe society today while others have adopted existing modernist theories such as Marxism. Most sociologists agree that modern society emerged during the Industrial Revolution in the 18th century in Western Europe. Before understanding whether our current society is modern or postmodern, it is important to define a modern society. Modern societies are nation states; they are a key political unit in a bounded territory ruled by a centralized state and the people usually share the same language and culture. Another aspect of modern societies is capitalism, based in private ownership of means of production, maintaining the conditions under which it operates. Lash and Urry describe this as `organized capitalism. Wealth distribution in modern societies is uneven and Fordist principles...
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...Society has now entered a new postmodern age and we need new theories to understand it, assess this view (33 marks) Most meta-narrative theories such as Functionalism and Marxism can be described as 'modernist' theories in that they explain the workings of 'modern society'. Modern society first emerged in Western Europe from about the late 18th century following the industrial revolution and the mass industrialisation of the western world. Modern can be distinguished from previous traditional societies in a number of ways. Firstly, the nation-state is the key political unit in modern society, we tend to think of the modern world as made up of a series of separate societies, each with its own state. In contrast to the small traditional feudal society where one had to look after themselves, modern nation states have created large administrative bureaucracies and educational, welfare and legal institutions to regulate their citizens lives. The nation state is also an important source of identity for citizens, who identify with its symbols such as the flag. Modern societies run off a capitalist economy. Capitalism brought about the industrialisation of modern society and with it the massive wealth modern nation-states now possess. However the wealth distribution within modern societies is unequal, resulting in class conflict according to the Marxist theology. The nation-state is important in regulating capitalism resulting in something Lash and Urry call 'organised...
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