Thursday, June 4, 2020

2017 Best Brightest Jade Mulvaney, University of Florida (Warrington)

2017 Best Brightest: Jade Mulvaney, University of Florida (Warrington) by: Jeff Schmitt on April 08, 2017 | 0 Comments Comments 744 Views April 8, 2017Jade MulvaneyUniversity of Florida, Warrington College of Business â€Å"I know describing yourself with puns are cheesy, but I personally think it’s really grate†¦Ã¢â‚¬ Fun fact about yourself: President Barack Obama follows me on Twitter. Now that he has some more free time, I plan to direct message him and ask him to go to lunch with me when I move to Washington D.C – stay tuned.Hometown: Melbourne, FloridaHigh School: West Shore Jr./Sr. High School  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Major: Marketing and Information SystemsMinor: RetailingFavorite Business Courses: Consumer Behavior, Introduction to Information Systems, Principles of Marketing, and Business LawExtracurricular Activities, Community Work and Leadership Roles During College: Student Committee Member/Representative – Chosen as the only student to represent the 6,700 students in the College of Business throughout the search for the College’s next deanFlorida Leadership Academy – Chief of StaffCareer and Academic Peer MentorGrace Marketplace – Provided career consulting for the local homeless populationCo-Instructor for introductory business courseBeta Gamma Sigma Honor SocietyFlorida Leadership Academy – MentorTeaching Assistant for Introduction to Information SystemsGatorTech – Vice President of MarketingSavant Leadership Honorary – Outstanding Freshman Leadership AwardFreshman Leadership Council – Civic Engagement CommitteeStudent Government – Assistant Supervisor of ElectionsStudent Government – Assistant Director for Leadership Development CabinetWarrington College of Business Dean’s ListWhere have you interned during your college career?Nielsen, Chicago, IL – Marketing Effectiveness InternNorthrop Grumman, Melbourne, FL – Busi ness Management InternWells Fargo, Gainesville, FL – Sales InternPink Narcissus, Gainesville, FL – Store Management InternDescribe your dream Job†¦My dream job is a job where I am positively impacting the lives of consumers through my work, every day. A job where I am constantly learning and using that knowledge to provide experiences, services, and/or products that will improve the lives for people all over the world.What did you enjoy most about majoring in a business-related field?Two things:Breadth – The breadth of knowledge that I have gained is incredible. While marketing and information systems is at the core of what my business-related knowledge consists of, I have also gained a great understanding of a variety of fields/industries within business.Opportunity – I don’t think there are many degrees that are as versatile and as conducive to opportunity as a business degree is. Even looking back on my own work experience, I have interned in finance, retail, military defense, and marketing/data professional services; and will be starting my career doing federal technology consulting. Not one of my experiences has been similar to another, but the transferable skills and knowledge I have been able to gain has been pivotal to my current (and I’m sure to my future) success.What is the biggest lesson you gained from studying business? Never lose sight of what is right, of what is ethical, and of the people you are serving. It is easy to get caught up in revenue, profit, and reputation – but these things will never be more important than doing what is right.Where would you like to work after graduation?  After graduation, I will be working at Deloitte in Washington D.C. as a Federal Business Technology Analyst.What are your long-term professional goals? I plan to continue with consulting for a few years, and strengthen my technical skills and knowledge while also building my client-facing experience. A few years later, after I have provided meaningful value for my company and our clients, I hope to pursue a career at Google (or a similar technology company) where I will focus my efforts on consumer analytics and marketing strategy.â€Å"I knew I wanted to major in business when†¦after considering a few career options, my first instinct wasn’t to look up common salaries or to even think about my earnings potential when it came to pursuing business. I just wanted to do what excited me, and if I was doing something that was exciting and that I was passionate about – that’s what mattered the most.â€Å"If I didn’t major in business, I would be†¦Pre-law and studying for the LSAT. As to what my specific major would be? Perhaps advertising or industrial engineering.†Ã¢â‚¬Å"Before I entered business school, I wish I had known†¦how much there is to learn and experience if you choose to open your mind, push your boundaries, and explore new oppo rtunities. While I believe I did this throughout my time in business school, especially during the last two years, I wish I had realized this even earlier.What was the happiest moment of your life? The happiest moment of my life, thus far, is when I got accepted to attend the University of Florida. In that moment, I knew that life as I knew it, would dramatically change – that I would have to be independent and learn more about myself and what I am passionate about; and that I would be introduced to people, knowledge, and opportunities that would challenge me, excite me, and help me to become the person I am today. I knew that I would have an incredible experience here at UF, but now as my time here comes to a close, I realize that my experience here has been nothing short of life changing (in the best way).Which academic, extracurricular or personal achievement are you most proud of?  I am most proud of being selected to represent my 6,700 peers as the only student on the Warrington College of Business’ Dean Search Committee. It has been 26 years since our college has acquired a new dean – a time span that is greater than the amount of years I’ve been on this earth. And while 26 years is a long tenure, it’s exciting to think that I could play a role in establishing the next 26 years of leadership for my college.   It has been one of the greatest honors of my college career to represent my fellow students, to have an influence and impact on the future of the College of Business, and to also serve and give back to the college that has given me so much over the last few years.What animal would you choose to represent your professional brand?An elephant:Because they have been a long time favorite animal of mine.A while back, I read an article on LinkedIn that discussed leadership traits we all can learn from female elephants. It mentioned that female elephant leaders (and really both male and female elephants, according to m y own research) do not emerge due to an aggressive or dominant personality, but because of the respect they earn from other elephants through their intelligence and problem solving.Elephants are known to be team players, empathetic, and faithful.Who would you most want to thank for your success? My parents – hands down. I have so many great mentors I have been fortunate enough to receive at the University of Florida, but before I even had the privilege of stepping foot onto this campus, there were (and still are) two people that believed in me from the day I was born. Everything I am and every opportunity I’ve had is because of their love, support, encouragement, wisdom, and sacrifice. Thank you, Mom and Dad.What would you like your business school peers to say about you after you graduate from this program? That I led with a great sense of humility, passion, and purpose. That I was someone who truly cared about the future of this college and every single one of its st udents. That I took the time to mentor, to listen and understand, and to help. And lastly, that I made a positive impact on the lives of many, or even great impact on the lives of a few.Favorite book: The Alchemist by Paulo CoelhoFavorite movie: Ratatouille (Doesn’t matter who you are or where you come from: you can be great.)Favorite musical performer: I don’t necessarily have a favorite, but I do enjoy performances by Beyoncà ©, Carrie Underwood, and Adele. (Clichà ©, I know.)Favorite vacation spot: Jamaica – beautiful beaches and culture, with delicious food to top it off. (Disclaimer: I am Jamaican; so there might be slight bias with this answer.)What are your hobbies? With taking on a lot of involvement and a busy schedule throughout college, my hobbies have transitioned to more of the â€Å"simple things† in life:Watching HGTV and developing my keen interest for real estate (I have both the Zillow and apps on my phone – I like t o browse through various investment properties and/or future homes)Going on a drive/scooter ride around town on nice days – I always find something new about the city that I’ve spent the last three and a half years in.Staying current with technology news and also being an up-to-date user – I love trying new gadgets and I usually get the new iPhone every yearPlanning – I really enjoy sitting down and planning things out; whether that be a hopeful career path, a savings plan, or even potential business ventures to pursueWhat made Jade such an invaluable addition to the Class of 2017? â€Å"Jade Mulvaney is as dedicated and committed as any student leader I have encountered. Here in the Heavener School, we challenge our students to focus on academics, but also develop as leaders. We have a â€Å"pay it forward† philosophy that Jade has totally embraced. Jade has taught and mentored more than 150 students in her role as a co-instructor for the â€Å" Intro to Business† course. As a Career and Academic Peer (CAP) Mentor, she has assisted countless students with building their resumes, personal statements, mock interviews and career commercials. Jade is a graduate of the Florida Leadership Academy (FLA), a year-long leadership and career development program for the top 100 sophomores in our college. In her junior year, she served as a mentor to 10 students in the FLA class that succeeded hers. She now serves as the Chief of Staff of the FLA Advisory Board, providing superior leadership and guidance to four directors and 20 other board members. Jade has really cemented her legacy of leadership and service here in the Heavener School of Business (Warrington College of Business). We will miss her!†Horace S. Tucker, MA, GCDF Associate Director, Heavener School of Business Warrington College of Business University of FloridaDONT MISS: THE FULL HONOR ROLL: THE BEST BRIGHTEST UNDERGRADUATE BUSINESS MAJORS OF 2017 Page 1 of 1 1

Wednesday, May 6, 2020

According To The U.S. Department Of Veterans’ Affairs,

According to the U.S. Department of Veterans’ Affairs, over 8 million adults develop Post-Traumatic Stress Disorder during a given year (PTSD: National Center for PTSD†). Post-Traumatic Stress Disorder (PTSD) is defined as â€Å"a pathological anxiety disorder resulting after exposure to a traumatic event† (Post-Traumatic Stress Disorder†). While any traumatic event may cause PTSD, a primary cause stems from action in war (Post-Traumatic Stress Disorder†). The Trojan War, as depicted in Homer’s epic The Iliad, demonstrates the setting of which this form of disorder would likely be triggered. Greek warrior and hero Achilles displays common symptoms of PTSD in his journey throughout the epic, leading many researches to conclude he was a†¦show more content†¦Following the news of his fallen comrade and best friend, Patroklus, Achilles falls into mourning so sorrowful onlookers fear he will commit suicide. Achilles demonstrates the gravity of his own grief when he claims â€Å"I would die here and now, in that I could not save my comrade. He has fallen far from home, and in his hour of need my hand was not there to help him. What is there for me?† (Homer 296). He quickly rejoins the war effort in order to avenge Patroklus, but refuses to eat or drink before battle, hinting that the anger he feels toward both Agamemnon and the enemy is beginning to reflect inward. Additionally, Achilles refuses to bury his comrade’s body until he has avenged him. This behavior not only demonstrates his survivor’s guilt but also the growing rage he feels toward the enemy. Achilles’s inability to take care of himself and the manner in which he prioritizes vengeance over his own well-being hints at a growing instability common to victims of PTSD. Additionally, his refusal to bury Patroklus’s body until he has completed his vengeance demonstrates his desire to make something up to his fallen comrade, acti ons which blatantly demonstrate both survivor’s guilt and an inability to properly mourn and honor the dead, both symptoms of PTSD. Beginning in Book 20 of The Iliad, Achilles’s actions shift from anger mingled with sorrow toShow MoreRelatedPost Traumatic Stress Disorder ( Ptsd )1460 Words   |  6 Pages Post-Traumatic Stress Disorder (PTSD) within the veteran community is an issue that is becoming more and more prevalent to the American public. Although there has been an increase interest on military PTSD the issue still suffers a great number of barriers and stigma. The stigma and barriers related to military PTSD have made it difficult for individuals to seek help. Not looking for PTSD treatment can cause long-term effects such as, substance abuse, anger management issues, loneliness, severeRead MoreMacroeconomic Analysis : Potential Effects On Economy1653 Words   |  7 Pagesinformation technology, discretionary benefits programs, and medical programs for veterans (, 2015, graph 1-2). The benefits reaped by the U.S. economy are by the major stakeholders being paid for their services provided to veterans, while the government gets paid through taxes. The veterans benefit by not having to pay total health care cost completely out of pocket. In addition to the dollar amounts, the veterans benefit because the VA can provide care for needs that are unique only to the militaryRead MoreHiring Veterans : Streamline Of Service1239 Words   |  5 PagesIn our project, we will be targeting Veterans who are seeking to transition from the military into the police force. According to a Hire Heroes USA, 20% of returning veterans are seeking civilian law enforcement jobs. Within this group, we will be targeting, specifically, women and minorities since the Jacksonville Sheriff Office seeks to increase its diversity numbers by recruiting individuals from these groups. 2. Why did you select this audience? Veterans might be considered as a relevant audienceRead MorePost Traumatic Stress Disorder ( Ptsd )1045 Words   |  5 PagesOne of the Leading Causes of High Unemployment Rates among U.S. Veterans† The newest face of Post-Traumatic Stress Disorder (PTSD) has manifested itself regularly into action packed movies, public scrutiny, and negative stereotypes by the media. The unfortunate truth surrounding PTSD is that employers are unenthusiastic about hiring veterans with these hidden disabilities. Unemployment rates in the United States amongst post 9/11 veterans have significantly increased and employers consider the conditionRead MoreEssay on Comparative Summary1124 Words   |  5 Pagesa clearer picture I have chosen an organization that represents each health care sectors environment and they are: Park Plaza Hospital a for-profit organization, American Diabetes Association (ADA) a not-for-profit organization, and U.S. Department of Veterans Affairs as a government organization. In this paper, I will use these organizations to show comparison the structure of each financial environment, the uniqueness of each environment and the prevalent practices of each organization in thei rRead MoreObesity : Obesity And Obesity878 Words   |  4 PagesIntroduction: Obesity in America is rampant. According to the Centers for Disease Control, an estimated 78.6 million adults in the United States are obese. (Centers for Disease Control, 2015) Obesity is a factor in many chronic diseases such as Type II Diabetes, Heart Disease and Stroke. With sedentary lifestyles and poor nutrition leading the way to America’s weight issue, retired and non-active duty veterans returning are not immune to the diagnosis of obesity and obesity-related illnesses. ProgramRead More The Department of Veterans Affairs and the Labor Market Essay1184 Words   |  5 PagesThe Department of Veterans Affairs and the Labor Market In today’s organizations, the approach to the labor market is very important and detrimental to the success of the organization because of this every step should be strategically plan. The Department of Veterans Affairs is very successful in this area because their hiring and training processes are part of their best practice policy, which also give the organization a competitive edge. Being that the Department of Veterans AffairsRead MoreThe Veterans Of Foreign Wars Organization Essay1187 Words   |  5 PagesIntroduction The Veterans of Foreign Wars Organization (VFW) is a nonprofit group founded in 1899 comprised of military service members and qualified veterans. Their mission is to serve the veterans, military, and community while nurturing camaraderie (VFW, n.d.). They aim to ensure that all veterans are appreciated for their service and are recognized for the sacrifice they have made for this great country. The VFW of Rapid City, South Dakota is one of many locations in the United States. TheyRead MoreImproving Veterans Access For Care1645 Words   |  7 PagesImproving Veterans Access to Care What is the problem? The Department of Veteran’s Affairs (VA) has been tasked with providing support and benefits to Veterans after they have completed their service. However, many Veterans are reporting difficulty accessing care due to systematic barriers within the VA’s Veterans Health Administration (Oliver, 2007). Complex eligibility requirements, long wait lists and lack of providers are a few of the issues Veterans are faced with when trying to access healthRead MoreSocial Workers : A Medical Social Worker Essay1423 Words   |  6 PagesThere are many different types of social workers; Lexi is a medical social worker that works for the Department of Veterans Affairs (VA) at the Sepulveda Ambulatory Care Center (SACC) in primary care. She’s been a medical social worker for over thirteen-years and expresses that she loves what she does. This paper will discuss Lexi’s role in her department, role of the interdisciplinary practice, discuss the NASW code of ethics, and revi ew which care management models/brief interventions are being

Tuesday, May 5, 2020

Barings Bank Scandal for Crime and Corruption- MyAssignmenthelp

Question: Discuss about theBarings Bank Scandal for Crime and Corruption. Answer: Baring bank based in London is understood to be one of the most reputable and established oldest global merchant banks formed in 1762. The bank was owned by the Baring family members and any worker was assumed to be from this descend and this led to employment of semi-skilled Baring descendants employees (McNeil, Rudiger Paul 123). The bank collapsed upon a set-back of amount tuning to 827 million pounds resulting from a poor speculative investment strategy in futures contracts geared by Nick Leeson one of the its employees due to lack of duty segregation as he was empowered to be in charge of both front and back offices undertakings in the bank branch situated in Singapore. The Chronology of Barings collapse can be explained as follows: 17 September 1986: This era saw the incorporation of the Baring Futures in Singapore. July 1989: this period saw an outsider from the Barings family, Nick Leeson joining the company based in London. April 1992: Leeson was transferred into the Singapore Baring based branch. July 1992: Leeson formed an error account termed as, Account 88888. By the end of 1992 September: Losses amounting to 8.80 million dollars was concealed in the error account resulting from Leeson trade. End December 1994: The losses had aroused to unbelievable figure of S$373.9 million. January 1995: Leeson was seen investing too much on Nikkei 225 index (Huan, Parbonetti Previts, 2015). 17 January 1995: Kobe earthquake made Nikkei 225 to plunge. 23 February 1995: Leeson had no option but to fly with his wife to Malaysia. 24 February 1995: An error account hidden by Leeson was revealed upon audition by one of the internal employee. 26 February 1995: Barings had no option but to be transferred into administration. 27 February 1995: This period saw BFS being rendered to judicial management and subsequently the company went bust with an amount of loss reported to be S$2.2 billion. 2 March 1995: Leeson and his wife were under arrest in Frankfurt. 6th March 1995: The ING Group, Dutch finance group took over the management of Baring. The cause of the scandal was primarily due to lack of oversight. Leeson was left to do everything ranging from clearance, booking and reporting several trades keeping, and trade futures. He further control over payments, reconciliation, ingoing and outgoing confirmation and contracts and accounting entries. Futures Contracts The futures contract describes a lawfully binding contract bringing together two participants to sell and buy a given financial instrument or commodity at a particular future day at the price already arrived at today. Futures contracts remain instruments designed to permit management of some risk attributed to financial instruments and commodities. Speculators are as well as buying and selling futures contracts to reap from movements of prices. Speculators avail liquidity in this market (Cragg, Idemudia Best, 2016). The future contracts price draws from underlying physical market item. For instance, the gold futures price is anchored on price of gold in physical market. In case of a change in a price of gold, the associated futures contract prices shall as well as alter. From the perspective of the risk management, in case the gold price rises in physical market, the underlying fold future contract value shall drop. The 2 price alterations balance each other hence eliminating price uncertainty risk. Future exchanges tend to offer their individual set of futures contacts thereby providing the enormous array of contracts for risk management. Within Australian market short-run medium as well as long term rates of interest is hedged by means of ninety-day bank acknowledged bill contract, the three-year Commonwealth Treasury bond contract or 10-year Commonwealth Treasury bond contract in that order (Walker Walker, 2017). Basic Rules Explain This Rule The basic rule to be adhered to when establishing the hedging strategy is to carry out the transaction in the future market presently which corresponds with what one intends to undertake in the physical market at a future date. Where a borrower schemes to sell its paper for instance, bills or the corporate bonds for raising funds, then he will sell the future contract presently for covering the rate of interest risk exposure where he actually issues the said paper (Rick van den Brink, 2015). The hedger shall close-out the open futures stance by purchasing a similar futures contract where he issues the said paper. In case an investor schemes to purchase certain shares where surplus funds are availed yet is concerned the price of the share will increase in the meantime, he can purchase futures contracts presently. The open stance will be closed-out where the real shares are brought by selling the conforming futures contracts. Procedure The trading of the futures contract takes place on the formal exchanges like SFE. A market order shall be placed with the broker to purchase or sell the given contract. The transactions are carried out by the open outcry on the floor of exchange like CBOT or in electronic trading platform of exchange like SFE. The great portion of exchange currently utilize the electronic trading systems, nonetheless, the hugest exchanges, CME and CBOT utilize open outcry. The electronic trading system matches orders of buy and sell automatically. Particulars of each transaction the get recorded by clearing house of the SFE. This house guarantees transactions via marginal calls and novation processes. Novation describes the agreement for replacing one party to the contract with another one. The price of full futures contract is never paid; instead an original margin gets deposited with the clearing house. The margin remains adequate for covering immediate negative movements in prices of contract where it is essential for clearing house to close-out the position for the underlying client (Rick van den Brink, 2015). The clearing house will subsequently mark to market contract on a daily basis. The margin calls maintenance might be made by clearing house needing a broker to top-up an initial margin. This is needed where the prices of the contract has shifted against the client as well as the initial margin cease to be sufficient. Implications of Being Long or Short in a Futures Contract A trader in a long in a futures contract shall be exposed to losses as well as margin calls in case the underlying asset price drops. A long contract position remains obliged to purchase underlying asset; hence they remain exposed to risk that market prices decline beneath contracted prices of futures. Procedures for Closing out these Positions Prior to Delivery The broad majority of open futures position remain closed-out by client prior to date of expiry via taking the reverse contract. A long position happens where the underlying asset has already been bought forward, that is, a buy futures contract. A party involved in a long position shall closeout that open position though the sale of another futures contract with identical product and date of expiry. A short position takes place where underlying asset has already been sold forward. The short position is closable out by going long a future contract with identical commodity as well as date expiry (Nguyen, 2014). Barings Management Duty Failure The Bank malformed due to inability to meet exorbitant trading debts established by Leeson in the behind a bank. The cause of the scandal was primarily due to lack of oversight. Leeson was left to do everything ranging from clearance, booking and reporting several trades keeping, and trade futures. He further control over payments, reconciliation, ingoing as well as outgoing confirmation besides contracts and entries of accounting. The management failed to segregate front office as well as back office alongside the senior management were never involved at all. There was a poor control procedure and lack of supervision (Pollard, 2016). The management breached the cardinal principle of any given trading operations by successfully letting Leeson settling his individual trade by placing him in the charge of back office and desk for dealing. This was tantamount to permitting the individual working a cash till to the bank in the day undertakings in absence of an autonomous third-party evaluating whether quantity banked it at lapse of day reconciled with till receipt. The back office accounts would have confirmed and settled trades executed by front-office as well as reconciled them with particulars sent by the counterparties of the bank while assessing accuracy of price utilized for its valuations internally (Pai Tolleson, 2015). By letting Leeson to be in charge of back office, he had ultimate decision on various payments, negating as well as outgoing confirmation alongside contracts, reconciliation statements, entries of accounting as well as position report. Management thus undesirably and perfectly positioned Leeson to relay misleading or false info back to London. Lesson thus abused his position as the back offices head thereby suppressing info on 88888 account created in July 1992 and nominated as error account in Barings Futures Singapore system yet as a Barings London client account in system of Simex. Management at London failed to acknowledge the existence of this error account because Leeson had requested Dr. Edmund Wong (consultant) to get rid of the error account from everyday report that sent by BFS to London electronically. Importance of Risk Management Risk management is important to the long-run a corporations survival since it allows timely risk identification for effective risk treatment hence barring the company like Barings from collapsing. Nature of Risk/ Risk Management Purpose The credit-risk insinuation of client early payment denoted by top up balances was important in case entire funds dispatched to Singapore were to meet unpretentious customer margin calls. Unfortunately, department of credit-risk never queried the reason Barings lent more than five-hundred million US dollars to the customers for trading on the SIMEX, yet receiving solely ten percent in return. It never appeared to have the notion of who such clients were, but Barings financial losses would have been important in case certain clients ducked. The Committee of credit risk under the leadership of Maclean George insisted that it was a key policy of Barings to finance customer margins till they might be gathered. Nevertheless, not restrain or entire top up funds were established. In fact, customers who were given money in advance in this manner seemed never to have endured any given process of credit approval. This committee ought to have officially taken into account credit aspect of top up balance though they might see development of such loans as logged on balance sheet. Barings Securities credit risk control remained shambolic. The market risk was also a problem since Leeson regulated back-office and since Barings lacked any autonomous unit examination of correctness of his report, the generated market-risk report by risk management unit of Barings as well as communicated to the ALCO remained imprecise. Futures positions of Leeson indicated no market risk since trades remained allegedly balanced by conflicting dealings on additional exchange. Who is Responsible? The risk management objectives, policies, procedures and strategies in a corporation are the responsibilities of the risk management unit of the organization. This unit include the credit and market risk committee and securities credit risk control committee. The credit risk committee was under the leadership of George Maclean. Nick Leeson Case: Comment on Logic and Reasons It is necessary to identify, measure and manage risks. Identification of both credit risk and market associated with Baringss failure could have been avoided if identification, measurement and management were done before the actual operation was done by Leeson. The Main Functions of Capital: Capital has two aspects. The organization must have adequate capital to withstand influence of negative market moves on its outstanding positions and sufficient money to keep such positions going. The management of Baring thought the positions of Leeson were market neutral and hence quite excited to fund margin needs till expiry of contracts. Eventually, such collateral calls from the SIMEX alongside OSE validated too much to bear since they were larger than capital base of Barings forcing the 200-year old organization to call in receivers (Stein, 2016). Existence of adequate capital would have barred such a funding risk that wounded seriously Barings giving room to the terminal shot following the discovery of huge unhedged positions. Thus, the need for interim funding needs of hedged and semi-hedged positions. Basel Ii Capital Accord Framework It is mainly the recommendation on banking besides regulation that Basel Committee issued on banking supervision. Its intention was to amend the global standards controlling the quantity of capital banks must hold to guard against operational and financial risks facing banks. It sought to make sure that the greater the risk to which the bank is exposed, the huger the quantity of capital needed by banks to safeguard solvency as well as economic stability by ensuring sufficient capital for risk facing banks via its lending, trading as well as investment activities. It is three pillars; 1st-mimiminum capital requirement; 2nd-supervisory review and 3rd-market discipline. Credit risk describes that risk of default on debt that might emerge from a borrowers failure to pay required amount. Banks compute via either standardization, foundation, advanced IRB or general IB2 restriction. Operational risk describes risk of an alteration in value triggered by fact that real losses due to insufficient/collapsed internal process, individual besides systems or from outdoor events vary from anticipated losses. It is computed via either basic indicator (BIA) or Standardized (TSA) or the internal measurement method. Market risk describes those risk of losses in position emerging from market price movements. It is arrived at via value at risk method or VaR (Banerjee Tooze, 2017). Types of Acceptable Capital Under Basel- and Basel III capital accords, the minimum risk-based ratio of capital is eight percent. The minimum six percent is held in form of Tier 1 which is the highest quality core capital for instance shares and retained earnings- increased from four percent of the Basel II. The remainder can be held in form of Tier 2 or the supplementary capital. References Banerjee, A., Tooze, A. (2017). The First Modern Bailout: The Barings Crisis of 1890 and the Bank of England. Cragg, W., Idemudia, U., Best, B. (2016). Confronting Corruption Using Integrity Pacts: The Case of Nigeria. Crime and Corruption in Organizations, 297-322. Governance, C. (2016). Corporate Governance. Huan, X., Parbonetti, A., Previts, G. (2015). Understanding the LIBOR Scandal: The Historical, the Ethical, and the Technological. Nguyen, T. N. (2014). A different approach to information management by exceptions (toward the prevention of another Enron). Information Management, 51(1), 165-176. Pai, K., Tolleson, T. D. (2015). Indias Satyam Scandal: Evidence the too Large to Indict Mindset of Accounting Regulators is a Global Phenomenon. Review of Business and Finance Studies, 6 (2), 35-43. Pollard, N. (2016). Lessons from the Downfall of BSI in Singapore. CFA Institute Magazine, 27(3), 13-13. Rick, S., van den Brink, G. J. (2015). Mitigating rogue-trading behavior by means of appropriate, effective operational risk management. Stein, M. (2016). Towards a Socioanalysis of Money, Finance and Capitalism: Beneath the Surface of the Financial Industry. Susan Long and Burkard Sievers (Editors). New York: Routledge, 2012. Walker, R., Walker, R. (2017). Scandal at Socit Gnrale: Rogue Trader or Willing Accomplice?. Kellogg School of Management Cases, 1-8.

Sunday, April 19, 2020

United States Expansion Essays - United States,

United States Expansion Throughout the first half of the 1800s or 19th century there were many factors influencing United States expansion. From the Louisiana Purchase in 1803 to the Gadsden Purchase in 1853 the United States had tripled in size since its original thirteen colonies and only paid forty-five million dollars in doing so. The idea of Manifest Destiny spread quickly throughout the country and soon thousands were moving westward in search of a new way of life. The idea of Manifest Destiny was for the U.S. to occupy the entire continent. The only problem was that the land it was expanding on to didnt belong to the U.S. One such factor that influenced the expansion of the U.S. was the occupation of nearby territories by foreign countries. The largest territory and first one to be bought by the U.S. was the Louisiana Purchase of 1803. In order for the United States to expand successfully into the west they needed control of the Mississippi River, which at the time was owned by France. The port at New Orleans was extremely important to the navigation of the Mississippi and provided a good market for trade. While this purchase was very successful, others did not go as well. Prior to the Mexican Cession of 1848 the United States and Mexico were having boundary disputes over where the Texas boarder existed. President Polk reacted by sending troops into Mexico to protect the Texas boundary lines. A year and a half later Mexico surrendered and Texas was granted the Rio Grande border line in the Treaty of Guadalupe. Because of the different nations or countries that owned land on the continent, the U.S. was forced to purchase or fight for the land it wanted. This caused the newly acquired territories to have a more diverse group of people, which affected the social development of the nation as a whole. Another huge factor that played a role in expansion was that of available resources. As the people began to move westward they would settle in areas with vast amounts of natural resources such as lakes or streams, where they could gather food. Lakes were very important to travel because they provided drinking water for the people and attracted wild animals to the area, which could be hunted for food. Also if an area were to dry or rocky it wouldnt be settled. People looked for the best places to live, places they could profit from the most. During the gold rush everyone traveled to the western coast in hopes of becoming rich for the very same reason. This factor affected the economical and social development of the U.S. because certain areas or regions would produce specific products. Different types of people would also live in the separate areas depending on wealth or trade that the family specified in. The third and maybe the greatest factor affecting the migration across the land was geography. Mountains, rivers, lakes, plains, and in some cases canyons were among the biggest impediments for people moving out west. At first people began to settle beyond the Appalachian Mountains and slowly moved westward towards the Mississippi River. Here they had to cross with their belongings safely without sinking them or getting them wet. Next they had to cross the Great Plains that stretched on for miles and miles without food or water. Depending on the time of year it was the weather conditions varied sometimes making it impossible to travel because of snow or heavy fog. Finally, the Rocky Mountains stood in their path. Being the only obstacle left between them and the Pacific Ocean, the Rocky Mountains were the most difficult to pass. Travelers would be lost or stranded in the mountains with no food for weeks, sometimes turning to cannibalism. Many people died from disease and starvation d uring their difficult trip west proving it to be virtually impossible to reach the other side of the continent. These natural barriers slowed the progress of expansion across America and isolated groups of people traveling, causing them to settle where they were. Because of this, small towns or villages formed along the routes west. The geography also contributed to the social development of America as the barriers isolated

Sunday, March 15, 2020

Protectionism versus Free-Trad essays

Protectionism versus Free-Trad essays The main objective of the following paper is to explain the protectionism versus free trade argument, to explain the problems this debate has created in the arena of international trade and to outline the ways in which international agreements have contributed to their resolve. Although many of the following issues are still present in the world economy today, they are constantly improving due to agreements such as the Uruguay Round and the North American Free Trade Agreement (NAFTA). Protectionism is easily related to the belief that a nations resources need to be protected from international competition brought about by trade. Protectionist policies include trade restrictions which are of many natures. (See Appendix 1.A) Nations seek protectionist policy for various reasons such as: a source of government revenue,, to satisfy domestic interest groups and for the infant-industry argument among others. (See Appendix 1.B) The on-going debate regarding protectionist measures in the world economy seems to be an everlasting struggle. The recent World Trade Organization (WTO) conference in Seattle, for example, turned into a political battleground where protectionists rioted against the free traders. (Martin Morse Wooster, 55, June 2000) Violent riots and passionate arguments come to characterize meetings regarding the following topics, however to understand the issues at hand, one must get beyond the sound and the fury and examine the basic topics at hand. Tariffs are additional costs, such as taxes, that are added to a commodity as it either enters or leaves a nation. Import tariffs will be the type of tariff discussed in this paper. Tariffs can be calculated in the following three manners: the ad valorem tariff which is calculated by a fixed percentage of the estimated market value of the good, the specific tariff which is calculated as a fixed dollar amount per unit and the compound tariff whic ...

Thursday, February 27, 2020

Avis Budget Group Term Paper Example | Topics and Well Written Essays - 3750 words

Avis Budget Group - Term Paper Example The company values aligned employees with visions or mission to achieve the targets of being an industry leader. 7 The aim of the Avis Budget Group is to become the number one company in the vehicle rental industry. This aim is being worked through by commitment. The brands of the company uniquely drive company towards growth. The company follows the ideology of creating value for all the customers. The company maintains integrity while making all the major decisions. The channel of communication in the organization is open and the employee’s exhibit teamwork while performing all the business practices. The Avis Budget Group is situated across the globe so it operates in a diverse environment with a diverse work force. The company analyzes its strengths and weaknesses and takes responsibility of all the challenges which arise and the decision which the company makes. It also works responsibly for the interests of the shareholders. 7 STAKEHOLDERS 8 Stakeholders are all those pa rties that are directly influenced by the operations of the company (Harrison, Bosse, and Phillips, 58 – 74). Managing stakeholders is important for the success of the firm (Bosse, Phillips, and Harrison, 447- 456). The stakeholders of the Avis group include car dealers and other suppliers, operators, tourists and tour operators, businesses requiring Avis’ service for transportation, diverse workforce, shareholders, governments and industry participants of the rental cars in countries where Avis and Budget is providing services. 8 SENSE 8 UNCOVER 11 SOLVE 14 ACHIEVE 20 EXECUTIVE SUMMARY The Avis budget group is a well known name in the business of the vehicle rental services. It is a leading global service provider with operations spread on more than 10,000 locations. The company has its operations in 175 countries around the globe. The strategy of the company is to spread the business in all areas where the rental transport services are used. This is in places where t ourism and business trips are made very commonly. The company operates in North America, Europe, Middle East, Africa and Latin America region. Most of the offices which are located in North America, Europe and Australia are company owned or either rented to the independent contractors who operate as the entrepreneurs for their outlets and share profits with the company. The current issues that the ABG is facing are with the strategic operations of the company which has been outsourced to the contractors who operate independently. The customers are also not satisfied with the services of the company because the services which they get from various outlets are not the same. The customer representatives of the outlets are also not aligned at providing proper services to the customers. This is because they are not motivated and don’t understand the core values which the company wishes to deliver to the customers. This report is highlighting the issues which the company is facing presently and offers recommendations for the company to overcome those issues and challenges. The company despite of the failing customer services is profitable. Therefore, suggestions are made that section of profits must be allocated to the improvement of the services of the outlets. The Avis Group must develop strengthen relationship with the contractors so that the issues of the operators can be resolved and it can pursue towards excellence with the passage of time. A plan for the improvement

Tuesday, February 11, 2020

History of Mathematics Essay Example | Topics and Well Written Essays - 500 words

History of Mathematics - Essay Example For instance, with the use of sequence, one may be able to solve how many pairs of rabbits will be produced annually assuming that each pair reproduces a new pair monthly with the new pair becoming productive starting from the second month (Boyer & Merzbach 256). Furthermore, the sequence may be applied to phyllotaxy or growth patterns of plant leaves as they spiral up the stem or trunk. With the sequence, the plant may not have to be stripped to determine the age or rings of the trunk ("Wikipedia"). The Dark Ages refers to the period in the Middle Ages to the first few centuries after the fall of Rome when knowledge including those pertaining to mathematics is said to deteriorate. This is evidenced by the textbooks used by Church schools in the Middle Ages were based on the primitive works of Cassiodorus and Isidore of Seville and featured limited coverage of arithmetic of Boethius. The only use of mathematics identified was for ecclesiastical calendars and growth in mathematical knowledge is limited to the representation of number by means of the fingers. (Boyer & Merzbach 249) This period is dubbed as the Dark Ages to reflect the loss of enlightenment provided by classical learning and prevalence of ignorance and barbarism (Hirsch, Kett & Trefil).