...ABSTRACT OCCUPY WALLSTREET 2 The Occupy Wall St. movement started off slow around Sepember 2011. Just as shy as a few short weeks, movements started to appear at countless locations. This movement seemed to come hurdling in kantian stlye. This movement has a great deal to offer the careful observer. By looking at the history of the Occupy Movement and its emergence out of a chaotic and complex enviroment, it exposes the unethnical practices for business and decision making.It starts to grab ones attention when they learn so much from a complexity science that can be applied to this movement. With unethnical stock broking and the federal reserve managing to tilt state policy, capitalism has failed to serve the whole of society. It exposed our corrupt corporations and influenced the 99 percent to start with change within. This is the flame that burned everyone up and out to attend the Occupy Wallstreet movement. 1 OCCUPY WALL STREET Damon Mathis 10-25-2012 Professor Lia , Business Ethnics , Strayer University. OCCUPY WALLSTREET 3 Massive demonstrations have a place in society: many people get more attention than a few. And if you want to make a point make a splash. The more people the more splash. But they’re ethically troublesome. Which brings me to my next point. Kantian ethnics I feel- was used in this type of ethnical behavior. I feel like the people involved based there judgement on this type of ethnicity. Motive was the most important...
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...Introduction 17th Sep. 2011, a usual workday, but not in New York, where thousands of people gathered in the center of Manhattan city for one aim: Occupy the Wallstreet. Unlike previous demonstrations where in the world, protesters joining this movement are spontaneously organized though Internet, get together to show their strong dissatisfactions towards American social conditions, including money-power deal, social injustice, and political maneuver. Demonstrators claim that government only regard the benefits of the wealthiest 1%, while leave the 99% ordinary people out in cold. Within days, the movement began to gain momentum, by 17th Oct, the protest have affected many major US cities including Washington, and with an increasingly lager scale than ever before. The movement signals American people’s strong dissatisfaction towards the marriage between the money and power, and further exposed an artificial nature of the American democracy. The leakage between money and power is a permanent theme of capitalism. In American, money has been said breast-feeding the politics, serves as an in indispensible lubricant that oils the mechanisms of the American political system, exerts incomparable impact on political elections and decision-making process. Without the back of money, politicians are impossible to get power; however excellent they may be. Take the 2008 presidential election as an example, Obama himself only have spend a record high amount of 75000000 dollar. While most...
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...Occupy Wall Street Movement Liz Croutch Annette Redmon Bus309 May 8, 2013 Discuss the moral and economic implications involved in the movement According to Occupywallst.org, The Movement Occupy Wall Street is a leaderless resistance movement with people of many colors, genders and political persuasions. The one thing we all have in common is that “We Are The 99%” that will no longer tolerate the greed and corruption of the 1%. We are using the revolutionary Arab Spring tactic to achieve our ends and encourage the use of nonviolence to maximize the safety of all participants. (Occupywallst.org) The movement began out of frustration in the growing inequality between the wealthy 1% and the rest of the population. Greed, corruption and the perceived undue influence of corporations on government especially in the financial services sector produced this momentous uprising. This movement is the embodiment of all of the frustrations that Americans have dealt with particularly; economically. The rich are getting richer and the poorer getting poorer. This has been the downward spiral for the last forty years. This movement gives a voice to the grievances of the people. According to newpol.org “Occupy is a kind of a party, not a party with a formal structure, but potential peoples party in formation, the party of working people, the party of the poor, the party of the dispossessed, the oppressed, and the exploited. The Occupy movement excoriates the banks...
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...Anna Lombardo MWF 8am Research paper Americans are noticeably differentiated from one another by economic status. Technological innovations by top earners benefits both groups, family problems even tend to hinder both and yet, 99% of Americans tend to feel betrayed by the 1% of Americans who are wealthy and successful, where as the top income grossers feel that they are not to blame and those who are suffering must give themselves some of the credit.Occupy Wall Street is a movement to protest corporate greed, growing wealth inequality, and the absence of legal action against banking executives blamed for the global financial crisis. Led by the 99% of Americans who face decisions such as paying groceries or rent. This is the same group that works long hours for little pay and as low as no rights and is denied quality medical care(Susman). The Primary objective of Occupy Wall Street is to share the wealth, that is to say to reduce the differences amongst the 99% and the 1% that have much more of a say in the structure of the American Society, despite their smaller numbers in terms of population (Susman). Globalization, advancements in technology, corrupting family relations and not understanding all tend to affect all Americans. Globalization and technological advancement has greatly influenced the economy of the American for both upper class families and then those who consider themselves apart of the poorer 99%. The top earners have accumulated great success and fortune...
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...Enough is Enough From California to China, all over the world people have joined the Occupy Wall Street movement. This movement started last year of September, 2011, and by the looks of things it doesn’t look like protesters will stop fighting for what they believe in. All across the globe, people are saying “enough is enough” as they unleash their frustration on the following issues: unemployment, health care coast, and corporate greed. According to the members of Occupy Wall Street, the reason why the world is suffering from these issues are because of the banks and the super rich. More so than ever it is time for American to began to take more of an interest in the suffering economy that we live in. We must begin to investigate the true meaning of how our monetary and fiscal policy is supposed to work in our recessed economy. As expressed by the Occupy Wall Street protesters it is clear that greed has lead to our financial windfall. Leaving me to wonder do our elected officials really understand how our economics system works. Like the Occupy Wall Street protesters the American people have a wide range of complaints, demands, and goals. The American people along with cries around the world are tired of "the collapsing environment, labor standards, housing policy, government corruption, World Bank lending practices, unemployment, and the increasing wealth disparity of a poverty stricken nation"(Occupied America) Different people have been affected by different aspects...
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...The American dream is turning into a nightmare, with disheartening levels of inequality, unemployment and homelessness. In this eyewitness report, CommonWealth Magazine visits the US, in what may be its final days at the top. Capitalism is facing unprecedented challenges. Nowhere is this truer than in the United States, where unemployment has reached huge proportions, and across the country some 3 million people — the equivalent of 90 percent of Taipei City residents — are without a home. Support for the "Occupy Wall Street" movement is growing rapidly, as protesters across the United States and around the world make a ruckus about the uneven distribution of wealth and the way the rich use their money to make more money. Target No. 1 in the protests is the epitome of capitalism: the banking industry, and the governments that bailed out the banks with taxpayers' money during the last financial crisis. The protesters began to occupy Zuccotti Park at the end of Wall Street in mid-September. When we visited in October the number of blue tents pitched in the park was still growing. To me the scene looked like a disaster zone. Sitting in front of a glitzy investment bank, a shabbily dressed homeless man held out his hand for a cigarette, while warning with a threatening look in his eyes that he does not want to be photographed. But just around the corner white-collar workers sporting fashionable neckties pay the equivalent of NT$ 1,500 for a sandwich lunch at Trinity Place bar and...
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...Wall Street Journal Article Review Assignment #: Last Name: First Name: 10-Digit Affiliate ID Number: Article Title: Economic Report Sings Blues on Jobs Author(s), Date and Page Number: Jonathan Weisman and Greg Hit, February 12, 2010, A6 Article Word Count based on ABI Inform Database: Executive Summary: “Economic Report Sings Blues on Jobs” written by Jonathan Weisman and Greg Hutt announces to its readers that on the Thursday February 11th, 2010, the annual Economic Report of the President was submitted to congress. According to the article, the report comments and makes predications on job creation, the advantages and disadvantages of a job bill to stimulate the economy and references to historical government intervention into United States Economy during the current time of the crisis. Discussion of Course Concepts: Considering that a currently proposed jobs bill is to be passed, the Economic Report of the President mentioned that the White House Council of Economic Advisors expects job growth per year up to a quarter million in 2012. This year unemployment levels are expected to remain stagnant and by 2012 unemployment levels will improve by a couple percent, making it just above 8%. Yet with high unemployment expectations, actions to create jobs have become a forefront issue for politicians in Washington D.C. The creation of one quarter million jobs in 2012 and the improvement of unemployment levels are being proposed...
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...Occupy Unmasked Occupy Unmasked was a very interesting film. It screams propaganda but there are multiple points that were put into perspective for me. In my last post I made an argument in support of the Wall Street Occupiers. After viewing this film it influenced my opinion in the opposite direction. Before viewing this film I was familiar with the Occupy Wall Street movement, however I wasn’t too familiar with the Occupy movements across the country. After covering multiple riots/protests through the semester, I find the Occupy movement to be comical. However something I take away from it, is the true power we the people hold when in numbers. This movement had no organization and more then half the people involved were not even aware of what they were protesting for. Most protestors were just infatuated with being apart of a rebellion. How can you have a meaningful movement when the people taking part in the protest are uneducated in the goals of the protest? In the film, protestors are interviewed and can not answer simple questions as to what the sign they are holding even means. This was a perfect example of how clueless the people involved were. The protestors couldn’t even read the sign they were holding and elaborate vaguely on what the sign means or why they are protesting. What makes the Occupy movement even more comical is how a small group lured in a massive number of supporters by putting people under the false impression that their was going to be a live...
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...Occupy Wall Street Movement Economic implication of Occupy Wall Street: After the sub-prime crisis began in 2007 end and its harsh realities began to come up on the face of financial services, firms such as Goldman Sachs and Credit Suisse requested government bailouts which were financed by the taxpayers’ money. From this, outrage ensued and to retaliate, people began what is called the Occupy Wall Street movement, whose aim was to be able to stop the ruthless and selfish profit making mechanism of financial giants. For the same, a protest was held which showed that there is income inequality in the US and these companies as well as the government, while taking this step, has ignored the majority of the society and concentrated only on the affluent minority. In the on-going process, many means of showing ones dislike and anger have been used. For people, the story is about either the closing down of an important economic port to show ones dislike and also going and filling up of jails to going for peaceful agitation on the road. The impact would be on the economic front. Firstly, it has had its share of support from the President, who has assured that proper distribution of resources is done. The means of stopping a port in Portland and thus affecting the trade done from the areas of San Diego, Los Angeles and Oklahoma etc. have already disrupted the trade their and has caused a lot of revenue loss on that front. It has also putting pressure on the government to take corrective...
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...You are going to have $100,000 in portfolio value and manage the amount to maximize the final value at the end of the semester. Evaluation will be based on the quality of the research, rationale and portfolio performance. Bonus points will be awarded for placing in top three in class. A maximum of 200 trades are allowed per semester. Before making the trades, you should research your companies and develop written rationales on why you selected the company/mutual fund for investment. The research should include investment objectives, economic/market/industry analysis, analysts’ opinions/evaluations, and rationale for buying or selling equities or mutual funds. All of the research tools are available from the home page (see below). There is a menu item (Research Tools) with its own drop-down menu for this purpose. You are going to present your work on the last day of the class and submit one report per group at the end of the semester. Presentation Each group has 10 min. to present (the presentation should be equally divided among group members). Report (max 5 pages) The final report should include your portfolio, its value in addition to the investment objectives, economic/market/industry analysis, analysts’ opinions/evaluations, and rationale for buying/selling, performance evaluation measures, i.e., compared to the others in class, others across the country, and broader market averages, such as S&P 500. Please, do not forget to include your group ID and password to the simulation...
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...Chapter 4 -The Explosive Bubbles of the Early 2000s is about irrational behavior and greediness of investors the leads to expand the bubble but market is very efficient and eventually it corrects itself. Boom and bust is common when new technology comes but market always corrects any irrationality itself. Malkiel suggest that investor should invest in such companies that have ability to make and sustain profit. The most interesting fact for me was how only changing the name of the company to dot-com or dot-net affected the price of stocks in the market. Companies that changed their names to include some Web orientation enjoyed a 125% greater increase in price during 10 day period than others. This shows us how reckless and irrational investors were at the time and how blindly they follow the flow to get rich faster. Given that, chapter 14- A Life-Cycle guide to Investing is basically a detailed guide on how to invest for yourself. As it suggest risk and return are related, it depends on the time how long you invest in stock and bonds. Stocks and bonds become less risky if investors hold it down for longer period. Thus, age becomes very critical element in determining the allocation of your assets. Malkiel advise that young people should invest in stocks and should have aggressive portfolio. On the other hand older people who are hoping to replace their income to portfolio return should invest in bonds and stay away from risky investment. Malkiel believes that it is a good...
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...Abstract Although the financial meltdown of 2008 can be tied to the collapse of the mortgage industry due to sub-prime mortgages and mortgage backed securities, it rapidly became a worldwide crisis. The decisions that were made and implemented to try to provide stability in the economy and prevent disruption in the financial system failed miserably and led to the worst economic recession since 1929. This paper will take a look at the weeks of financial turmoil that shook the world’s financial system. America’s falling dollar and mounting international debt are not, as pundits often declare, the wages of profligacy and sin. They are the inevitable products of dysfunctional international financial arrangements – a system that now appears likely to come crashing down, with alarming implications for the American economy. (Aliber 1) This is a very prophetic statement in an article written in 2005 by Dr. Robert Aliber. Dr. Aliber is a Professor Emeritus of International Economics and Finance at the University of Chicago and is widely known for his theory of foreign direct investment. The credit crisis that shook the world’s financial system, which long ago moved beyond its origins in subprime mortgages, began to accelerate in September, 2008. On September 7, 2008, the US Treasury seized control of mortgage giants Fannie Mae and Freddie Mac and pledged a $200 billion cash injection to help the companies cope with mortgage default losses. Although privately owned, Fannie...
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..."A Random Walk Down Wall Street" There is a sense of complexity today that has led many to believe the individual investor has little chance of competing with professional brokers and investment firms. However, Malkiel states this is a major misconception as he explains in his book "A Random Walk Down Wall Street". What does a random walk mean? The random walk means in terms of the stock market that, "short term changes in stock prices cannot be predicted". So how does a rational investor determine which stocks to purchase to maximize returns? Chapter 1 begins by defining and determining the difference in investing and speculating. Investing defined by Malkiel is the method of "purchasing assets to gain profit in the form of reasonably predictable income or appreciation over the long term". Speculating in a sense is predicting, but without sufficient data to support any kind of conclusion. What is investing? Investing in its simplest form is the expectation to receive greater value in the future than you have today by saving income rather than spending. For example a savings account will earn a particular interest rate as will a corporate bond. Investment returns therefore depend on the allocation of funds and future events. Traditionally there have been two approaches used by the investment community to determine asset valuation: "the firm-foundation theory" and the "castle in the air theory". The firm foundation theory argues that each investment instrument has something called...
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...The standards of success and prosperity for the protagonists of Death of a Salesman and Wall Street are inflated by the media, celebrities, and their family lives. In the face of his brother’s triumph in Alaska, Willy struggles to achieve the same level of unrealistic, exaggerated success as a mere salesman in Death of a Salesman. Similarly, by working under the exaggeratedly cutthroat Gordon Gekko, Bud Fox seeks a hollow life of luxury, stolen through cheating. Both Willy and Bud try to succeed with exaggerated and unrealistic goals due to the pressure presented to them through external forces such as their mentors, society, their families, and the workplace. The pressure that Bud and Willy’s mentors place on them causes them to exaggerate their goals to unrealistic levels. As a result, Willy’s lucidity spirals into a deep depression that leaves him in a delusional mentality that refuses to let him face the reality of his present situation while Bud’s sanity becomes overcome by his hunger for power that is fed by his ego and arrogance. Ben Loman is the foil to Willy Loman’s character. He is wealthy, bold, and a ruthless business man. He is the epitome of a success story and living the American Dream. Ben is one of the fortunate few who found incredible success without much work, something which Willy recognizes and wants. Willy Loman believes that like his brother, he too can rise from humble beginnings to importance. His specific angle on this outlook is that a man succeeds...
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...Phase 3 Individual Project/DB Capital Budgeting Janella Chapman ACCT-614/Applied Managerial Accounting March 15, 2013 Professor Tracie Edmond I. Overview As companies look to grow and expand operations, product lines, or locations, capital budgeting is the method used by management in evaluating if projects and long-term investments will be profitable for the company. Capital budgeting analysis evaluates projects that will have cash flows for longer than a year. Capital budgeting helps management analysis if investments will be profitable and valuable to the company compared to the initial investment needed and the risk associated with the investment. There are many capital budgeting methods management may use to ensure the project or investment is aligned with the corporate strategy of a company. In the capital budgeting process, management evaluates different capital budgeting techniques to ensure the company has the resources to invest in the project, and also helps management determine if the investment will help achieve the goals and objectives of the company. The goal of capital budgeting is to evaluate the costs of an investment to the initial capital to determine if the investment will generate more capital or cash flow for the company. The four capital budgeting techniques used by management are Net Present Value (NPV), Internal Rate of Return (IRR), Profitability Index (PI), and Payback method. SAC has developed new manufacturing techniques to offer special...
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