...Augustine believed that time did not exist while God created the world but that time was something that the people wanted to believe, that it only existed in our minds just as the past and the future do. One of his biggest beliefs was the existence of God since he became a Christian. Letting people know what he believed was the truth was something he was willing to do every day, of course believing was difficult if you did not have an open mind or have the passion of a religion. It takes a lot to believe in something that you do not know if it’s true or not. Argument: Being in the Christian religion you would think that you believe in God, not true. There are those that call themselves Christians but have no belief in the existence of God or of saints. Augustine was making sure that his belief in God got around with words that to him we’re in fact true. Like it is stated on chapter 5 Pg. 84;( the capacity of the human mind to grasp eternal truths implied the existence of something infinite and eternal apart from the world of sensible objects, an essence that in some sense represented the source or ground of all reality and of all truth.) Logic: Do you think there is a God? That’s the real question. The first two humans to step into this world did not create themselves or this world that we live in. Augustine’s same concept was that God did in fact exist or does for those reasons. You don’t have to be a Christian to believe that God does exist. The strengths in the story...
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...As much as I favorite Heraclitus for his obscure, negative outlooks, and mysterious sayings, I would have to say that Thales of Miletus (in my opinion), has the most compelling ideas and philosophies in the pre-Socratic ages. He was usually credited for being the first systematic philosopher of the Western World. He believed that there was an explanation for everything instead of believing/ promoting supernatural causes. "Aristotle, the major source for Thales's philosophy and science, identified Thales as the first person to investigate the basic principles, the question of the originating substances of matter and, therefore, as the founder of the school of natural philosophy. Thales was interested in almost everything, investigating almost all areas of knowledge, philosophy, history, science, mathematics, engineering, geography, and politics." (Thales of Miletus, http://www.iep.utm.edu/thales/) He often developed logical, geometrical theories, such as devising some that allowed hi to measure the height of the pyramids from the ground, and used his intelligence and understanding of the world to predict crop outcomes, and be very profitable at it. It is also pretty interesting to find out that he was technically the first person to study electricity. "LORDZB" states, "It had been noticed that amber, when rubbed, attracted threads of fiber to it. It was this static electricity which Thales’ studied. When the negative particle of the atom was named it was called...
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...PHI-105 Types of Communication Table In order to write a quality persuasive essay that incorporates critical thinking, you must include a mixture of informative, explanatory, and persuasive statements because to persuade someone you must: a) Inform them about the topic b) Explain your argument c) Persuade your audience to your point of view. Directions: 1. Use the table below to do the following: a) Choose a concept and write an informative statement, an explanatory statement, and a persuasive statement for the concept in the appropriate boxes. An example has been completed for you in red. b) In part b of the table, select a concept from the draft of your persuasive essay and provide an example of one informative statement, one explanatory statement, and one persuasive statement based on the concept you chose. c) As discussed in the module lecture, language is intertwined with critical thinking. In part c of the table, in 200-250 words explain the relationship between informative, explanatory, and persuasive statements and critical thinking. | Concept | Informative: (Just the facts) | Explanatory: (Description of the facts) | Persuasive: (Position on the facts) | Example Concept | Baseball | Baseball is a sport involving 9 players positioned in various places on a field, who are attempting to keep the other team from advancing bases. | There are many ways to score runs in baseball. The most efficient way is for your team to get...
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...Product: Household Products - Food products Eggs Dozens/Last 30 Days Heavy (3+) (Principal Shoppers) Total Homemakers Total '000 Proj '000 Pct Pct Down Index Across Total 141733 48358 34.1 100 100 Men 44420 14028 31.6 29 93 Women 97313 34330 35.3 71 103 Educ: Graduated college plus 41659 13053 31.3 27 92 Educ: Attended college 26178 8880 33.9 18.4 99 Educ: Graduated high school 43231 14855 34.4 30.7 101 Educ: Did not graduate HS 17494 7196 41.1 14.9 121 Educ: Post graduate 14126 4437 31.4 9.2 92 Educ: No college 60726 22051 36.3 45.6 106 Age: 18-24 11341 3651 32.2 7.6 94 Age: 25-34 25619 8540 33.3 17.7 98 Age: 35-44 26425 10283 38.9 21.3 114 Age: 45-54 28853 10327 35.8 21.4 105 Age: 55-64 23150 7798 33.7 16.1 99 Age: 65+ 26345 7760 29.5 16 86 Adults 18-34 36959 12191 33 25.2 97 Adults 18-49 77986 28059 36 58 105 Adults 25-54 80897 29150 36 60.3 106 Men 18-34 12552 3867 30.8 8 90 Men 18-49 25324 8107 32 16.8 94 Men 25-54 25949 8194 31.6 16.9 93 Women 18-34 24407 8324 34.1 17.2 100 Women 18-49 52662 19953 37.9 41.3 111 Women 25-54 54948 20956 38.1 43.3 112 Occupation: Professional and Related Occupations 20927 6610 31.6 13.7 93 Occupation: Management, Business and Financial Operations2151 1 3960 32.6 8.2 96 Occupation: Sales and Office Occupations 20680 6559 31.7 13.6 93 Occupation: Natural Resources, Construction and Maintenance Occupations 4605 1624 35.3 3.4 103 Occupation: Other employed 22283 7936 35.6 16.4 104 HHI: 150,000+ 12467 3975 31.9 8.2 93 HHI: $75,000-$149,999 36833 12942...
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...12/29/2014 Remembering Tsunami 2004: Phuket bounces back from disaster Asia | The Star Online Remembering Tsunami 2004: Phuket bounces back from disaster by stephen fein Just as popular: The Phi Phi Islands were badly devastated by the tsunami waves but recovered very quickly. Koh Phi Phi is pictured above, 10 years on. — Phuket Gazette/The Nation Tourism industry insiders who have monitored trends in the Phuket tourism industry over the past 10 years describe the recovery after the worst natural disaster to ever hit the region as ‘remarkable’. THAI tourism industry icon Wichit Na Ranong, managing director of the luxurious Indigo Pearl resort at Nai Yang Beach in Phuket, says, “I would say we had a very fast recovery after the tsunami. In fact, I think it may be the fastest recovery ever anywhere after a disaster of this kind. I think the industry had almost recovered after two years and was fully back to normal after three, with continuous progress after that.” Asked if there are still fears among tourists of another tsunami, he says, “Not at all. After just a few years, any such fears just faded from people’s minds.” A series of “tourism road shows” abroad and good cooperation among local and national authorities also helped assuage any such concerns, he says. Wichit says that it is still difficult to think back on some of the things he had witnessed after what he describes as a “tragic, tragic event”. Like most people in Phuket, he didn’t even know what a “tsunami”...
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...SuperStar Libra Shore Excursion KRABI – THAILAND Apr 2014 – Mar 2015 All tours conducted by English speaking guide. Krabi Highlights with Ao Nang Beach – with meal (RKRB-1CC) Duration: approx. 7 hours (include travelling time) Price: RM$210 per Adult, RM$153 per Child PARTICIPANTS REQUIRED: MIN.25 PAX & MAX. 150 PAX Tarnbokoranee Botanical Garden – it is a large forest nestled in the middle of a mountain, became a National Park on September 30, 1998. At the mouth of the cave is a natural pool. "Sa Thanbok Kharani", where it is possible to swim. The water from this pool swirl over and around rocks and tree roots in a series of shallow tiers in a pleasantly cool and relaxing atmosphere. Lunch to be served at local restaurant. Tiger Cave Temple – this temple, also known as "tiger cave", is 9 km north of Krabi Town. The inside of this cave features tiger prints captured in stone, and is in the middle of lush forest, with enormous, ancient trees. This site is also very significant archaeologically, as many artifacts have been found on the premises, including tools, pottery, and the mold for the Buddha's footprint. Free time and leisure at Krabi town. Free time and leisure at Ao Nang Beach – ambience around Ao Nang is breath-taking with Limestone Mountains. Scenic Phang Nga Bay – with meal (RKRB-2C) Duration: approx. 7 hours (include travelling time) PARTICIPANTS REQUIRED: MIN.25 PAX & MAX.150 PAX Price: RM$240 per Adult, RM$165 per Child Phang Nga Bay National Park –...
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...Rogers School of Hospitality and Tourism Management at Ryerson University, Toronto, Canada while R. Dodds is an Associate Professor at the same institution. The authors’ use several of their very own island project works that provide innovative discussion and practical management structures to explore the development role of tourism in relation to the impacts of the environment and their potential overexploitation threats. The authors’ provide eight well-chosen illustrative case studies to focus on innovative discussions regarding issues of sustainability on island tourism destinations, they include sub-jurisdiction islands such as Moose Factory, Canada; Cayos Cochinos, Honduras; St. Kitts; Calvia, Mallorca, Spain; Chumbe, Tanzania; Koh Phi Phi, Thailand; Gili Trawangan, Indonesia; and Sanya, China. The hard-covered book looks very bright appealing, although the photographs inside are black and white, which unfortunately does not catch the reader’s attention, the graphs and diagrams are very illustrative and descriptive which helps the reader understand the context. The book is divided into four parts; Sustainability in island destinations; Challenges to achieving sustainability in island destinations; Successes of achieving sustainability...
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...Question 1: From this case study, it showed how Lehman Brothers walked down to the end of it business. Through Lehman Brothers’ case, it reflects the ugly side of a corporate. A big recognized company collapse due to it unsuccessful leadership management, culture and dishonesty by it people caused the company walked down to the end of it business. There are several points showed how it gone bankrupted. By using the ethical perspective to look at Lehman Brothers’ situation, it showed that the company being dishonest to it clients, failure in the company leadership and corporate management are the major problems that lead to the company downfalls. As a Wall Street icon, they disappointed the public and being irresponsible towards their actions, against the ethnical issue by not being honest to review the actual situation of the company, but using others method to cover it annual report. In my opinion, the top management is the main issue that caused the downfall of Lehman Brothers. According to the case study, it mentioned the major problem at Lehman was culture and reward, it showed the top management of the company did not have a structure way to motivate and guide their employees on the appropriate way of doing tasks. For example, individuals who makes questionable deals were hailed and treated as “conquering heroes” and the others who questionable the decision was often being ignored. This shows that the company only wants to have short term earning instead of...
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...Lehman Brothers Holdings Inc. The control break downs of Lehman Brothers Holdings Inc. included the massive amount of money borrowed to fund its investments. A considerable portion of this investment was in real estate, which made the investment defenseless against a fall in the market. Lehman also used one of its small companies to reallocate investments off its books. The firm was active in the market for Residential Mortgage Backed Securities (RMBS). The process involved buying several residential mortgages, combining them and selling them as securities. RMBS buyers actually purchased claims on the cash flow generated by the securities. Lehman produced a great amount of these securities, making the demand high for mortgage originators. This led mortgage originators to extend credit to people who were not credit worthy, or did not have enough income causing these people to have upside down mortgages on their homes when housing prices plummeted in 2006. In 2000, the stock market started to decline and the Federal Reserve significantly reduced interest rates. These lower interest rates caused inexpensive mortgage payments, which lead to a large demand for homes. Homeowners took advantage of the low interest rates and refinanced their mortgages. In 2008, Lehman announced that they would file for bankruptcy after a huge loss in the market, a loss of investors and their inability to find an adequate buyer. Soon after, their collapse set the market into panic mode...
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...Word Article Analysis Unethical Practices in Accounting ACC/291 Principles of Accounting 2 Michaele Musters Instructor: Word Article Analysis of Unethical Practices in Accounting Ethical Practices and conducts maybe taken or act different by everyone, thus many times to identify unethical practices and behaviors, we have to see who is in control. It is essential to analyze what can be done, or thought what might be done against legally acceptable accounting principles and conducts. The Sarbanes-Oxley act of 2002, was enacted by The United States Congress to protect investors from fraudulent accounting practices, made by fraudulent executives in corporations. After the Scandal, the entire accounting world changed in many ways, that it created a new vision and ways of work. It sort of created a world of winds of anxiety for corporate executives and accountants. In the Sarbanes-Oxley act , there is a section call 302 that requires management to certify the accuracy of the reported financial statement. Then all corporations were forced to reform strictly to improve financial disclosures to prevent accounting frauds. After the Act, management introduced internal control in order to comply with all the Sarbanes-Oxley act requires for a corporations behavior. Today, all corporations are obligated to certify the company’s financial reports. They are also responsible and they must take full responsibility if there is a misleading, or fake accounting information...
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...When I think about greek life I truly think about sisterhood. When I joined the Greek system as a transfer Junior from Baton Rouge, LA, I didn’t realize the kinds of connections and relationships it would open up for me. My name is Taylor Padgett and I am a Delta member of the Delta Sigma Chapter at the University of Mississippi. Starting this year off, joining a sorority was not even on my list of life accomplishments and never even crossed my mind especially at a school known for their prestigious greek life. Only knowing two people upon transferring here I was told that it would be a good idea to join and make friends, but in my mind I didn’t want to “pay for my friends”. A few months into the fall semester I was walking through the grove here on Campus when I saw thousands of girls all wearing blue and pink C.A.R.E walk shirts. Totally disregarded what was going on until I approached a short dark headed girl, Logan Sparks, under a big white tent to ask what was going on ,where she informed me about this new sorority called Alpha Delta Pi that was coming back to campus. I was so overwhelmed by everything that was going on around me I wasn’t able to take it all in. It wasn’t until a day or two later when I was walking to subway on the third floor of our student union when I was approached by another one of our awesome leadership consultants Jessica Johnson. In a calmer area, I was able to really take in what greek life actually was and what Alpha Delta Pi could do for me. It...
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...ignored basic regulatory rules which created financial danger. Basic rules are the way companies grow and expand. Their desire to make money at all cost was more important than following basic ethical values. 2) What was the culture at Lehman Brothers like? How did this culture contribute the company’s downfall? The culture at Lehman Brothers was to take risks at all costs. When Transactions were presented to them they ignored the warning signals costing them. This eventually led to shady deals which eventually lead to the company’s downfall. Repo 105 is a good example of how Lehman misused this device to get some $50 billion of undesirable assets of its balance sheet at the end of the first and second quarter of 2008, instead of selling those assets at a loss. They continued to take lots of risks which caused them to lose a lot of money, there by bringing down there previously good name. They did tax deals like Repo 105 and didn’t care if it was legal or not. 3) What role did Lehman’s executives play in the company’s collapse? Were they being responsible and ethical? Discuss. They were very stubborn, and displayed very bad conduct and poor judgment. Valuka’s report was highly critical of Lehman’s executives who should have done more, done better. He pointed...
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...Repo 105 On September 15th 2008, the fourth largest U.S investment bank, Lehman Brothers, filed for chapter 11 bankruptcy. With revenues peaking at $19.2 billion in 2007 and over $600 billion in assets, the collapse of Lehman became the largest bankruptcy in history. Lehman’s demise was attributed to their aggressive investment strategy and significant exposure to the subprime mortgage market. As the housing bubble grew, Lehman Brothers acquired several mortgage lenders, some of the acquired firms frequently made loans to home buyers without full documentation (Jeffers 2011). When consumers began defaulting on mortgages and market conditions began to unravel, Lehman as well as many other banks faced huge losses. The write down of debt securities had significant adverse effects on Lehman’s balance sheet. Furthermore, credit rating agencies began focusing more on leverage ratios of investments banks. Lehman’s leverage ratios were already extremely high. A downgrade on Lehman’s credit rating would have sent Lehman’s share price on a downward spiral and hinder their ability to receive financing. In order to prevent these occurrences Lehman would have to sell some of its assets or raise capital. Lehman was unable to sell any of its assets or raise any capital because no one knew what the value of their complex mortgage securities were. In response to deteriorating economic conditions the investment bank used a very aggressive accounting maneuver called “Repo 105”, its...
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...other purposes” (Kimmel, Weygandt, & Kieso, 2011). Mainly, the act was a result of the continuous increase in the number of accounting scandals that can be related to falsification of entries on company’s financial statements. Some of the recent examples of corporate and accounting scandals were that of Enron, Adelphia, Tyco International, World Com, and Peregrine Systems, among others (Levine, 2013). The objective of this paper is to focus on and analyze one of such scandals. In this paper, the Lehman Brothers’ issue with the SEC regarding their malicious use of the Repo 105 maneuver will be studied, focusing on the audit report that the external CPA firm issued, speculations on the company’s statements, analysis of the management and auditor’s responsibility in the falsified financial reporting, the sanctions under the SOX and key actions that the concerned regulatory boards should make. Repo 105 Securities and Exchange Commission Accounting Scandal with Lehman Brothers and Ernst and Young Analysis of the Audit Report When the great financial crisis of 2008 erupted, it left a lot of United States corporations, mostly financial firms, under the water. Some of them were offered bail by the United States government but the damage was so severe plus the government could only do so much that only a handful of the bankrupted companies were saved by the bail offer. Lehman Brothers was one of the unfortunate companies...
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...for its operations. This office furthered their trading business and introduced them to the financial industry. In later years, Lehman became involved in the New York stock exchange where the underwriting business began. The firm grew rapidly and was very successful for years. After many years of hard work and success the company collapsed and filed for bankruptcy in 2008. Lehman had been unhealthy for a while and covered it up by secretly shuffling debt around to make its books look in order and deceive the real situation. Lehman used an aggressive accounting method to hide their losses and made it difficult for investors, executives and/or auditors to detect their actual financial status. This accounting method is known as REPO 105, which is repurchase agreement a bank uses to borrow cash short term. Lehman Brothers abused the accounting practice of repurchase agreements. Lehman Brothers was in a bad shape and they played the game of window dressing its balance sheet. The company was reporting short term loans as sales and utilizing the proceeds to pay off its debt. Lehman was borrowing short term cash with assets...
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