Sarbanes Oxley

Sarbanes-Oxley Act Contents Overview3 Enron3 Sarbanes-Oxley Act3 11 Titles4 Major Sections of SOX5 Section 3025 Section 4046 Section 4096 Section 9027 Section 9067 After SOX: What has Sarbanes-Oxley Accomplished & Issues that Remain7 Conclusion8 Overview The Sarbanes-Oxley Act was signed into law in 2002 by President Bush. Sarbanes- Oxley came to be because of corporate level accounting scandals that had then, recently occurred. The most common of these scandals include: Adelphia, Enron, Peregrine Systems, Tyco and, WorldCom. This act â€Å"introduced major changes to the regulation of financial practice and corporate governance. Enron The Enron Scandal is one of many that prompted the obvious need for reform of accounting practices. It began in November 1997 when the company bought stake in another company to create a sub company of Enron. The new company, Chewco, was run by an Enron officer who enabled Enron to run a series of transactions through Chewco and ultimately, funnel deb t from one company to another, even though they were both Enron. By 2001 â€Å"CEO Jeffery Skilling resigns, becoming the sixth senior executive to leave in a year. † In October, Arthur Andersen’s legal counsel advised auditors of Enron to destroy â€Å"all but the most basic documents2. So, the cover up began. Arthur Andersen was once amongst the â€Å"Big 5† accounting firms and the provided tax, audit and consulting services to corporations like Enron. Their reputation plummeted after they were admittedly aware of â€Å"possible illegal acts† committed by Enron and ultimately, Arthur Anderson was dissolved. Sarbanes-Oxley Act Enron and other scandals cost investors billions of dollars. Stock prices were at all time lows and the people were beginning to lose faith in corporate leaders. Something had to be done to restore faith and tighten standards.Sarbanes-Oxley was named after Senator Paul Sarbanes and Representative Michael Oxley. Oxley introduced t he act to the House of Representatives calling it the â€Å"Corporate and Auditing Accountability, Responsibility, and Transparency Act of 2002† on February 14, 2002. With minor changes to the name at the Act itself occurring over the span of a few months, Sarbanes-Oxley was officially signed into law on July 30, 2002 by President George W. Bush. Bush called the legislation â€Å"the most far-reaching reforms of American business practices since the time of Franklin Delano Roosevelt.The era of low standards and false profits is over; no boardroom in America is above or beyond the law. † The turnaround of this act was very quick. It was obvious that something needed to be done and it needed to occur quickly. 11 Titles Sarbanes-Oxley is comprised of 11 Titles, each with subsidiary sections. The eleven titles each focus on one main topic and the changes that are implemented by Sarbanes-Oxley under their heading. The names of the titles are as follows: 1. Public Company Ac counting Oversight Board (PCAOB) – this section establishes and provides the need for independent auditors.So now, a corporation could not solely publish audits that were conducted internally. 2. Auditor Independence – establishes the standards that need to be followed when conducting an external audit in order to eliminate conflicts of interest. 3. Corporate Responsibility – Title 3 states that senior executives must take individual responsibility for the lawfulness and correctness of their financial records. The hope here is that higher up executives will not turn the other way when fraudulent activity occurs for fear that they could be prosecuted on a personal level. . Enhanced Financial Disclosures – In this title, the new reporting requirements are laid out for corporations. The new requirements are much more thorough and leave little room for leaving out relevant information. 5. Analyst Conflicts of Interest – This is the shortest title of th em all and aims to help restore investor confidence. It requires any conflicts of interest to be disclosed. 6. Commission Resources and Authority – The goal of this section is to try and restore confidence in securities analysts and states the SEC’s power to bar analysts from practice. 7.Studies and Reports – The Comptroller General and the SEC are required to conduct studies and then report their conclusions and findings. 8. Corporate and Criminal Fraud Accountability – This title gives specific penalties based on various crimes that may be committed and also provided protection for whistle-blowers. 9. White Collar Crime Penalty Enhancement – White-collar crime is punished more based on the law described here, stronger sentencing is key. 10. Corporate Tax Return – The basic requirement here, being only one section, is that the Chief Executive Officer signs the company return.This way, the CEO can’t claim that they didn’t see t he tax return before it was filed. 11. Corporate Fraud Accountability – The SEC is granted the ability and authority to freeze an account where payments seem unusual. Looking for large or unusual transactions allows fraud to be more easily detected. Major Sections of SOX Each of the 11 titles mentioned above are comprised of sections. Some titles only have one section but some have up to nine. In this section I will attempt to summarize the five most important sections: 302, 404, 409, 902 and, 906. Section 302Section 302 outlines the Corporate Responsibility for Financial Reports. It is composed of steps that are taken by the company and specifically ensuring that the CEO is very involved and informed when it comes to the financial statement process. The CEO must sign off on the financial statements and the reports when they are complete. By making the CEO the final eye to see the statements SOX is attempting to ensure that the CEO cannot claim ignorance if a fraud is committ ed. When the major corporate scandals were occurring at places like Enron, CEO’s frequently claimed they had no idea what was going on in their company.This section aims to hold CEO’s responsible for their company reporting, a form of internal control. Section 404 Section 404 is entitled: Management Assessment of Internal Controls. With the implementation of Section 404, companies are now required to include an additional report, an Internal Control Report. The purpose of this report is for management to take responsibility for a proper internal control structure and also for management to vouch for the usefulness and accuracy of this control. If the internal controls that are in place do not suffice, the faults are required to be reported as well.Section 409 Section 409 addresses timeliness when reporting. â€Å"Companies are required to disclose on almost real-time basis information concerning material changes in its financial condition or operations. † This i s a way, because of this legislation, for investors and people outside the company to be as informed as possible with changes inside the company. These changes may or may not be significant but, there is always a chance, from the perspective of an investor, that day to day decisions affect stock prices. Now, stockholders can be almost immediately aware of the changes taking place.Section 902 Section 902 falls under the white collar crime title and describes the illegality of altering, destroying, manipulating or concealing documents. The intent of the fraudster here would be to â€Å"impair the objects integrity or availability for use in an official proceeding. † Section 906 Section 906 also falls under the white collar crime category and specifically, the penalties that will be endured to any person that certifies a misleading or fraudulent financial report. In this section, it is stated that penalties can be up to $5 million and 20 years in prison.I believe this section is put in to make it clear that CEO’s are going to be held responsible for â€Å"signing off† so, it is in their best interest to thoroughly look over statements and reports. After SOX: What has Sarbanes-Oxley Accomplished & Issues that Remain The Sarbanes-Oxley had good intentions. It’s goal was to restore faith in the public and to reduce company fraud. SOX has definitely restored public faith and perception. The titles and sections that SOX includes make it clear to companies and individuals outside the company that reporting standards have been increased.Because of this increase, and the penalties that are disclosed in this statute, it would be hard to believe that any person or company would risk committing a fraud. However, this only addresses the restoration or faith and confidence. Sarbanes-Oxley has not necessarily affected the inside the company policies and procedures. There are a number of people who scrutinize Sarbanes-Oxley for its shortcomings. â₠¬Å"Sarbanes-Oxley was intended to restore faith in the integrity of corporations and executives, yet it hasn't really had a measurable impact on fraud. The new rules that were implemented under SOX simply aim to increase the CEO’s awareness in what statements and reports are being published. However, when these documents are received, analyzed and signed off, there may or may not be an actual internal investigation going on to ensure the correctness of the documents. There is really no way to prove that the documents are fraud free when they reach the CEO. Conclusion The goal of this paper was to summarize the 2002 Sarbanes-Oxley legislation. I discussed the titles that comprise SOX and further went into detail on the most important sections. I am not a critic of this act.I think as far as restoring public perception goes, Sarbanes-Oxley was extremely successful. Also, I think this legislation changed the views of the CEO’s. CEO’s were now explicitly aware of th eir accountability when it came to reporting. This was an extremely beneficial change as, CEO’s use to have the ability to claim ignorance and push the consequences down the corporate ladder. I am sure that if Congress would have taken more time when passing this legislation, it could have been improved upon, but, desperate times†¦ the corporate world needed a drastic change to restore faith and help the economy.There is undoubtedly still fraud occurring and therefore this battle to end it will go on. ——————————————– [ 1 ]. http://www. soxlaw. com/ [ 2 ]. http://www. time. com/time/specials/packages/article/0,28804,2021097_2023262,00. html [ 3 ]. http://www. nytimes. com/2002/07/31/business/corporate-conduct-the-president-bush-signs-bill-aimed-at-fraud-in-corporations. html [ 4 ]. http://c0403731. cdn. cloudfiles. rackspacecloud. com/collection/papers/1940/1940_SEC_In vst_Advisors_Act/X. pdf [ 5 ]. ttp://www. sarbanes-oxley-101. com/sarbanes-oxley-compliance. htm [ 6 ]. http://www. soxlaw. com/s302. htm [ 7 ]. http://www. sarbanes-oxley-101. com/sarbanes-oxley-compliance. htm [ 8 ]. http://www. sarbanes-oxley-101. com/sarbanes-oxley-compliance. htm [ 9 ]. http://www. sarbanes-oxley-101. com/sarbanes-oxley-compliance. htm [ 10 ]. http://www. sarbanes-oxley-101. com/sarbanes-oxley-compliance. htm [ 11 ]. http://www. allbusiness. com/professional-services/accounting-tax-auditing/5220240-1. html#ixzz2D3ZIFMye

Power of organizations Essay

Lee Iacocca was born Lido A. Iacocca, on October 25, 1924 to Nicola and Antoinette, who were both Italian immigrants. His parents were hardworking people and his father Nicola believed that America was a land of opportunities. As long as people were willing to work hard, it America, it was possible to achieve anything. Lee followed his father’s work ethic and when he just a boy of ten years, he would take his wagon to the grocery store and wait outside. He volunteered to take the groceries of the shoppers to their respective houses for a tip. When he turned 16, he worked 16 hours a day in a fruit market. Lee confesses that the depression of the 1930s resulted in a transformation to his personality and he became a materialist. He graduated from college with the goal of earning $10,000 a year till he was 25 and then, he planned to work towards becoming a millionaire (Iacocca, 1984). The depression also made Lee a less intolerant person towards waste in any form: food, clothing or business and a conservative person in his investments. He always knew that disaster can strike any time. During his school days, Lee also faced racial discrimination due to the fact that he was Italian. Moreover, he was pained by the fact that his two Jewish friends were treated worse than he was. When Lee was in Chrysler, he named Gerald Greenwald as the Vice President of Chrysler. He would be the first Jew to enter the top ranks of any of the top three automakers (Iacocca, 1984). After his graduation at Lehigh, he got a job with Ford. But he could not pursue that job at that point in time, because he won the Wallace Memorial Fellowship at Princeton. He Graduated from Princeton and started working for Ford in 1946. Lee married Mary McCleary in 1956 (Iacocca, 1984). Lee considered his family life very important and reserved weekends to spend time with family. Lee’s success in business was not only due to his hard work and education, but also due to his ability to adapt to any situation (Swinfin, 2006). He was also a decisive man and had the ability to take innovative decisions. In 1956, when his district was the last in sales, he introduced a new program called â€Å"56 for 56†. This program made it possible to purchase a new 1956 Ford for 20 % down and $56. 00 a month for 3 years. The program was a huge success and more than 75,000,000 cars were sold and his district secured the first place in sales. Lee also undertook the challenge of the Fairlane Committee, which was responsible for producing a new type of car. Lee analyzed the research data on demographics and buying capacity of Americans and concluded that the car must be small, but needed to hold 4 passengers. There would be a 2500 LB limit, and the cost could not exceed $2,500. 00 with equipment. The end product was the 1964 Mustang (Iacocca, 1984). Iacocca Lee was a good leader who used good marketing research data, surrounded himself with good people, and was open to new ideas. Lee became President of Ford on December 10, 1970. He initiated a program called â€Å"Shuck the Losers†. This program gave managers 3 years to make their departments profitable or sell them off (Iacocca, 1984). This shows that Lee was also highly competitive in approach and stern when he had to be. Though there were many successful projects while he was at Ford, by the end of 1975, Lee started having personal conflicts with Henry Ford II. Lee was fired in July of 1978 and thereafter he joined Chrysler on November 2, 1978. Lee found that Chrysler had a problem in its communication style and team work. He reduced his salary to $1 per year and bargained with the union for cuts in salary and benefits. First, Iacocca announced plant closures, job layoffs, and his plans for the company. His next move was cutting several large models, which were heavily unprofitable, and put the subcompact Dodge Omni and Plymouth Horizon into production. The Omni and Horizon became instant hits, selling over 300,000 units each their debut year (Iacocca, 1988). By 1983 Lee turned around the fortunes of Chrysler and repaid all government loans. Lee made a public statement, â€Å"We at Chrysler borrow money the old fashioned way. We pay it back. † At Chrysler, Iacocca not only overcame a $3. 3 billion deficit but capped it with another $3. 3 billion profit between 1982 and 1984. That represents a net gain of $6. 6 billion, or an average increase in earnings of $6 million per day over the previous period (Harmon and Jacobs, 2006). The administrative style of Lee Iacocca is based on tapping the hidden power of organizations. He peeled â€Å"the encrusting layers of dead habits, vested interests, outmoded strategies and inertia and removed the lid on an enormous reservoir of productive energies. He did it by firing 33 of the company’s 35 vice-presidents and allowing long-suppressed ideas, energies, and talents to rise to the surface† (Harmon and Jacobs, 2006). Thus Lee was responsible for discovering the potential of organizational power. This discovery not only brought into use hidden potentials but also created new possibilities. The administrative style of Lee Iacocca enabled organizational power to maximize the productive and efficient utilization of ideas, resources, energies, and opportunities. He combined the organization power with his personal talents at communication, decision-making, motivating, time management, flexible approach in leading, and innovation to achieve great success as a leader. Lee Iococca, after his successful career at The Ford Motor Company and Chrysler, said, â€Å"I seized the opportunity, but I was no ninety-day wonder. It took me almost forty years of hard work. † This then, was the main reason behind his success.

Report on Design Methods and Technology Project Essay

Report on Design Methods and Technology Project - Essay Example Security nowadays has become complicated due to the increase in criminal activities that have prompted the use of technology in countering them (Angelo 2007). The robots use only the battery and there are obedient to their programming and instructions given to them by the specialized technicians. The robots therefore enable the employment of specialized individuals to control and monitor the robot for security purposes. More resources have been wasted due to investment in inefficiency security systems that are not effective. The public, as a result, suffers from the inefficiencies in the security systems and may decide to invest in other options to maximize protection on their premises. Security at present is thus an important venture that should be managed effectively to ensure that those answerable for crimes are brought to book. Robots are efficient systems that can be put into proper use if employed effectively (Angelo 2007). The robots can improve security significantly and can deal with dangers perpetrated by various people by putting in place strategic measures. The robots are mobile objects using advanced technology to monitor activities around a particular place. The robots are well suited for buildings since they can move smoothly throughout the building. Various robotic systems are used by the military to perform surveillance. One such technology is a drone. It passes over land, and its unmanned reduced the risk of casualties especially where it is monitoring an unauthorized area. There are various financial needs for the efficient running of the project that the report is going to bring forth. The use of robots is quite efficient since the robot is monitored from a distance, and one does not have to be their all the time in the case of humans guarding a particular premise. The robots do not get tired and, therefore, improve the security of an establishment. The robots need finances and the proper components for security robots are

The Impact of Globalisation on BRIC Economises Literature review - 1

The Impact of Globalisation on BRIC Economises - Literature review Example Therefore, BRIC is expected to bring forth changes in the list of the greatest world economies in the near future. On the other hand, BRIC economies are not similar, though they are in the investment classification, whereby others having political and economic alliances, which are from the groups. Nevertheless, among these countries, China has made significant achievement, thereby making them eliminate the need for alliances. BRIC has made a significant effort in conversion of the growing economic influence into a political power, through summits comprising of analysts (The State University of New York, 2011, 1). In this case, the analyst work together in the BRIC countries in order to establish a future economic partnersip in these countries, whereby China will dominate in manufactured goods, provision of services is dominated by India while the field of material supply is dominated by Russia and Brazil (EconomyWatch, 2010, 1). Globalisation has been attributed to the acceleration of international economic integration, which has been unexpected in numerous ways. However, there are expectations that this might contribute to the vulnerability of workers in BRIC economies. There are resenting developments in the world concerning the increased importance of emerging economies, for instance, China has become a large exporter, whereby it has raised its reputation in international production networks entailing off shore business. Therefore, globalisation has enabled these countries to work together in order to counter well-established interests and organizational structures. The relationship between America and Europe has been substantial in facilitating the developments between the BRIC countries. Globalization in BRIC countries that are attributed to integration with the inputs, finished goods and services, which are underscored by increased business transactions in the world trade. In fact, the ratio of trade-to –trade GDP and the shares of

Doing Drastic Procedures to Create a Certain Appearance Essay

Doing Drastic Procedures to Create a Certain Appearance - Essay Example Today, one of the most prevalent changes is the so called â€Å"physical change.† This pertains to the appearance transformation of some people. Anyone who wants to experience this can either select the â€Å"natural way† or the â€Å"scientific way.† The natural method is one that is done with sweat and patience. An example would be, doing some forms of exercise such as jogging and biking to achieve the appearance that a person wants. This entails one to be patient since it would take considerable period of time to achieve the aimed appearance. On the other hand, the scientific way refers to the drastic procedure opted by some for faster results. There are many causes why some people prefer to pass through this kind of procedure. The nature of one’s job and birth defects are some of the widely acceptable justifiable reasons as against lack of self-confidence. First, undergoing the scientific way due to the nature of one’s job is a justifiable cause. The most apparent example is the job of actresses and actors or the artists in the entertainment industry. It is undeniable that physical appearance is their most valuable asset as an artist. It is the artist’s physical look that is always in the spot light. People see them in television, movies, newspapers and in the Internet. Physical appearance is a great factor as an entertainer. It is crucial to their job. Humans always prefer anything that is pleasing to their eyes. It is their first basis. First impression matters in the entertainment industry.

Economic Development More Important Than Democracy in Promoting a Essay

Economic Development More Important Than Democracy in Promoting a Welfare State - Essay Example Essentially, this paper provides various definitions of the â€Å"welfare state condition,† attempts to juxtapose the democratic view with the perspective that favors economic development, and presents a plausible explanation why economic development is more important than democracy. Also, this paper will enumerate several practices that contribute to economic development, thereby, increasing the chances of attaining a welfare state. Definition of Welfare State Over the years, there has been no strict and general definition of the welfare state. Some relate the term to power and industrialisation while others try to refer it as one of the capitalist contradictions. A classic definition of the term is the state’s â€Å"responsibility for securing some basic modicum of welfare for its citizens† (Pierson & Castles, 2006, p.160). Apart from this definition, Asa Briggs (as cited in Flora & Heidenheimer, 2009, p.29) also defined the welfare state as the condition chara cterised by an organised power that uses politics and administration to change the direction of market forces. This can be done in three ways: (1) through ensuring that individuals and families could receive a minimum income regardless of their properties’ market value, (2) by assisting families and individuals meet their social needs, thereby, reducing their sense of insecurity, and (3) ensuring that all citizens, regardless of social class and status, are given the highest standards of social services (as cited in Flora & Heidenheimer, 2009, p.29). The Democracy View vs. Economic Development After the in-depth discussion of the term welfare state, it is worthwhile to present the split views of paternalism and the democracy. Paternalism connotes economic development while democratic views favor a free market model. Throughout the years, there has been an existing clash between paternalism model followed in the 18th century and the emerging free market model that was especial ly advocated by Adam Smith. As a result, there were several insights generated to support its stand as well as to oppose each other’s perspectives. Paternalism, as defined by Abercrombie and Hill (as cited in Varano, 1999, p.26), is an economic institution that organises the productive unit and regulates the relationships between the owners of the means of production and their respective subordinates. Moreover, it is composed of different access to power and resources and an unequal distribution of goods and services. Oftentimes, paternalism emphasises elite control and privilege towards the subordinates. It also attempts to lessen the worst effects of industrial capitalism through combining traditional and community norms. Contrary to this view, some sociologists and economists alike such as Richard Sennett (as cited in Varano, 1999, p.27), contend that paternalism was intended to mask the hidden interest of the industrialists to enforce high level of production. He continue s by citing that paternalism only connotes elite oversight and community welfare instead of advancing the morale of the workers (Varano, 1999, p.27). The free-market model also extremely contradicts to the paternalistic model since the latter was based on some statute laws, common laws, and customs while the former allows the exploration of the

A rhetorical analysis of an argumentative article of your choosing Essay

A rhetorical analysis of an argumentative article of your choosing - Essay Example The article on gun laws was viewed almost by everyone in the world and especially the United States citizens. This was as a result of the Colorado cinema shooting fiasco. The authors’ argument is generally based on the perfect implementation of gun laws in the United States and the rest of the word. This finally will enhance the respect of the sanctity of human life. This paper tries to bring out an argumentative nature of the gun law article. This was because of various opinions from different individuals after the Colorado cinema shooting. According to these composed writers, in 2007, a total number of twelve thousand six hundred and thirty two people in the United States succumbed to firearms related injuries. Another 48676 were admitted to hospitals for gunshot wounds (Bellesiles 28). These two writers are of the opinion that; the restriction gun laws or even relaxing them will reduce the death toll thru shooting which has been a contentious issue in America. These intelle cts on law furthermore argue that proponents of tighter gun laws will definitely do away with these vital and risky weapons falling on wrong hands. These wrong hands in their argumentative article may include criminals, addicted drug users or even the mentally ill individuals (Carter 180). The two with no doubt believe that drug users are majorly the result of the senseless shooting in the public social settings. The gun laws article also criticises the age individuals should be allowed to acquire guns. In the United States, the bare minimum age to hold a gun legally is eighteen years old. This to some extent is not appropriate for these young individuals are not mature for an efficient and effective decision-making (Ramage 98). This according to these two researchers cum writers, in most cases, has also resulted into premature exchange of words and shooting senselessly by the young individuals in the United States. These two writers also believe it is not only in the United States where gun laws are very weak, but this extends to several parts of the world. In a country like South Korea, these prolific writers believe and thus argue that homicide cases related to guns are far less compared to the United States due to strict gun laws which they as well understand is the father of democracy. These examples of fundamentally different states in thefield of gun laws prove that restricting gun laws will actually benefit the populace. These writers, on the other hand, argue that restricting gun laws is more beneficial. Through the restriction of gun laws, the articles firmly believe and argues that day-to-day senseless shooting is curbed totally. Private gun dealers who sell guns ignore critical regulation to those who purchase the guns hence about 85percent of all guns used in crimes unrecovered by law enforcers are linked to them. All these private party sales allow almost everybody to put a stockpile of weapons (Spitzer 238). This as well greatly undermines the g overnment efforts to control the illegal firearms in the country. A private party gun sale is completely unwarranted. This makes the private party gun sales comparable to over the counter purchase of home effects. There are those who argue and believe that relaxing gun laws would create a safer state. Gun advocates and gun manufacturers strongly argue that more guns equals’ tighter security as every gun holder can act as a police. An example is where a criminal or terrorist who pulls out an assault automatic rifle to start

Chapter 6 Essay Example | Topics and Well Written Essays - 1250 words

Chapter 6 - Essay Example The author has also inquired into the situation of both groups of primates not inter breeding yet sharing the food and other resources of the forests. Therefore the author believes that biological and behavioural behaviour of these two species of primates is worth re-examination . The author goes on to study their dietary habits and role of protein based food on their evolution. According to Craig B,this may actually "offer clues to aspects of ecological divergence among early members of the hominid phylogeny" and this is indeed the primary aim of his research. The reason this paper is addressing an important issue of physical/biological anthropology is that it shows how all primates have different dietary, sexual and behavioural habits based on their gene structure and habitat adaptation. On the basis of the study of these two species the writer has been able to draw conclusions on how the hominoids who were some kind of ancestors to these primates(although not entirely genetically) might have lived once upon a time . Based on these conclusions Craig then sums up that given that Miocene apes or Pliocene hominids had lived sympatric lives as well just like the apes and gorillas then they would have probably shared the food and environment in the same ways as well. It would be possible to discern their dietary and sexual patterns from the study of these much evolved apes . 3.What specific evidence, facts and/or examples did the author(s) offer to support their argument The author has included the statistics from his research in the form of tables and charts to show the numerical and empirical evidence collected from his findings and he made certain conclusions as to the range, diet and sexual habits of these two kinds of primates. His argument that the study of these more evolved primates will give an insight into the habits of the Hominoids and the extinct apes ,supported by evidence from other scholars and his own research. For example he points out that Chimpanzees and gorillas in sympatric are confronted with the same available resource bas, (yet)..Chimpanzees make intensive use of this prey base, but gorillas do not.. And then he goes on to link this with his finding about the dietary methods of Hominoids by saying that "An adaptation to meat-eating may have characterized the hominid adaptation during the divergence of the hominoid lineages. ancestral apes made the transition to greater body size and social complexity only because of the Added nutritional profile provided by a meatier diet." In this way he compares And provides evidence to show how the behaviour of the modern apes can help study the behaviour of the extinct species. 4.Did the author address any contrary evidence or the opinions/work of others that run counter the author(s) claims The author has not exactly addressed any contrary evidence which may possibly be a weakness of his argument. He has quoted many writers to go with his research and made a very strong connection between the two species in the modern and pre-historic settings. However he does

Human Resources- Benefits Essay Example | Topics and Well Written Essays - 1750 words

Human Resources- Benefits - Essay Example Another benefit issue includes decreasing annual bonuses, cutting off maternity leave from 12 months to six months and making short the vacation time. In this plan, â€Å"the firm lends the employee funds to purchase the stock at fair market value â€Å"(Bhagat 1984 pg 197). The purpose of the plan is to offer eligible employees a chance to become shareholders in the company. It is assumed that employee participation in the ownership of the business will lead to common benefits for both the employees and the company. The company grants stock-based compensation to directors as well as employees. They issue new shares of Microsoft common stock to assure exercises of awards approved under all stock plans. They also have an employee stock purchase plan for all eligible employees. Shares of common stock will be purchased by employees at intervals of â€Å"90% of the fair market value† (Intricon Corporation 2011 pg 2) on the last day of each period. Employees might acquire shares having a value not exceeding 15% of their gross compensation during a proposed period.  But the company has announced it will reduce the discount employees that are to be given when they buy Microsoft stock. These benefit changes were made in order to decrease their operating costs and also increase the long-term value of the company. The employees will be able to acquire Microsoft stock at a 10 percent discount through Microsoft's Employee Stock Purchase Plan, compared with the current 15 percent discount. They will also be able to acquire stock through the plan each quarter, rather than twice a year. Microsoft needs to increase the stock purchase benefit plans as they facilitate the recruitment & retention of talented staff, promote an industrial environment and also offer a device for the arrangement of interests between employers and employees. For the growth of successful companies, these plans are likely to construct sustainable wealth for employees and their communities. Em ployee stock purchase plans will improve the employee productivity. Part 3: Literature Review Benefits play a significant function for an employer. The employees will work hard to make sure that their benefits replicate the varying needs and wants of the people and that is why most of the companies offer many industry-leading benefits to their employees who help in accomplishing the objectives of the organization. Employee benefits comprise of â€Å"all benefits and services, other than wages for time worked, that are provided to employees in whole or in part by their employers† (Beam & McFadden 2001 pg 4). Examples include medical insurance, paid vacation etc. There are various benefits provided by the US government to the employees such as medical protection, retired income etc. These benefits may be long term or short term, financial or non-financial, free of cost or available at concessional rates. They may include educational, residential, medical or recreational facilit ies. Such facilities maybe offered individually or in a group and within or outside the organization. Therefore, the employee benefits are reassurance along with the facilities provided which allows them to operate in a nourishing and passive environment. Most employers reimburse employees with some blend of cash plus benefits such as health assurance. An employer may decide to include benefits in the company’

Post World War I jewry in america Essay Example | Topics and Well Written Essays - 500 words

Post World War I jewry in america - Essay Example Rarely did the attacks turn violent although there were few recorded cases. Such include 1902 attack of Irish workers and police on the funeral procession of Rabbi Jacob Joseph in New York City, the lynching of Leo Frank in 1915, the murder of Alan Berg in 1984, and the Crown Heights riots of 1991. Anti-Jewish waned off following the Second World War and the rise of the American Civil Right Movement. Claims by The Black Nation of Islam that Jews were responsible for black labor exploitation, introduction of drugs and alcohol and unfair denomination into the community was conclusively done away with following a survey done in 1964 by the Anti-Defamation League. The survey revealed attitudes on anti-Semitism with the majority percentage of 29 Hispanic being most Anti-Semitic trailed by 36% for blacks and 9% for whites. The Jewish population has remained strong politically, mostly liberal with the democratic pattern continuing heavily into the 21st century. The vast majority of Jews, since 1936, have been recorded to have been Democrats. This saw to the 74% of the Jewish populous voting for John Kerry, a Catholic of partial Jewish descent in the year 2004. Again in the year 2006 87% voted for Democratic candidates for the House (Mendes-Flohr and Judah, 62). Jews were fast becoming prominent in Congress and state governments through the country in the year 1990 and significantly proved to be ardent supporters of the American Civil Rights Movement. American Jews have since prospered throughout the early 21st century with them being disproportionately represented in academia, business, and politics. Going by Forbes, Forty-five percent of the top 40 of the 400 richest Americans are Jewish. Twenty percent of professors in leading universities being Jews, Forty percent of partners in the leading law firms in New York and Washington, Thirty percent of American Nobel prize winners in science and 37 percent of all American Nobel winners are

Peruvian market Essay Example for Free

Peruvian market Essay My final paper will focus in the Peruvian generic medicine market. The Peruvian market is dominated by the leading laboratories who set the prices and control the brands. Peruvian customers are used to follow doctors prescriptions strictly and believe that the use of generics is dangerous. This situation allows the laboratories to capture the market and set the prices (Peruvian medicines are more expensive than in the USA). The Peruvian health agency; Ministerio de salud signed a cooperation agreement with national association of pharmacies for them to distribute 83 of the most used generic medicines along with the brand medicines. They never kept up the agreement, and the pharmacies refuse to sell generic medicines. The generic drug industry covers the marketing and sale of medication containing the same active ingredients and dosages as brand-name drugs manufactured by the pharmaceutical industry. Drugs can be prescribed under their chemical name without specifying a particular pharmaceutical brand or company. A key benefit of generic drugs is that they usually cost a fraction of the price of brand-name drugs. In this context, our company (consulting) is planning to open a franchise of pharmacies that will exclusively provide generic medicines to the customers. We have two investors that have different approaches for the business. Final paper will analyze the legal environment in Peru and all aspects of liabilities, torts, ethics and legal implications of opening a parent company that will manage the franchise. Our company is based in the United States and will import products from the US. Therefore, is subject to lawsuits and liability in both the USA and Peru. Peru has a current free trade agreement with the United States. This agreement considers anti-trust laws and monopoly, international contracts, and patent protection among others. The paper will cover the main subjects such as; International law, contracts, anti-trust law, securities regulations, employment law, environmental law, crimes, and torts.

Behaviour for Learning

Behaviour for Learning The need to manage behaviour has long been an issue within schools. With the push on raising attainment, the development of SEN provision and the increase in policy, to be inclusive of all learners irrespective of their academic level or their social behaviour, as identified that 20% of all SEN learners have SEBD. Current policy has adapted towards a positive approach focusing on the ability of teachers to create a positive learning environment developing positive relationships in order to promote a positive attitude towards learning, steering away from the once punitive approach and not being re-active to negative behaviour but more pro-active as supported by (EPPI) Behaviour management is often flagged as an area that ITE students feel they would benefit from having greater support in when entering the profession of teaching (Buell et al., 1999 cited in EPPI). This has been met by the expectations set by the TTA via the Qualifying to teach, the new standards and requirements for Qualified Teacher Status (QTS) (TTA,2002). B4L is a concept that has been developed through a review of effective behaviour management strategies. It has been identified that B4L is a result of multitude of influences and not merely the desire of a learner to misbehave and unwillingness to learn. It is important to identify the theoretical principles behind the way in which learners manifest themselves in terms of behaviour, as identified in the rationale for the EPPI systemic review of how theories explain learning behaviour in school context. Behaviour for learning (B4L) identifies the link between students social conduct and behaviour and the way in which they learn. The schools policy clearly states high expectations of students, We expect students to reflect this in their appearance, attitudes and behaviour. We know we are moulding the citizens of the future and will encourage them to care for one another, be open, fair, honest and just. We want them to have a sense of pride in being part of our school community. (School Aims, Staff handbook). Further to this the school s vision is to raise achievement by developing a culture where learning is at the heart of the school community. To achieve this vision the school identifies whole school priorities for 2010/2011 including improving behaviour and attendance. It also stated that the school will focus on incorporating SEAL practice in the classroom, which has been identified as an important key in developing learners emotional intelligence (Coleman, 1996) providing learners with the skill set to monitor and improve their behaviour independently. It was clearly identified in the School Development Plan that Behaviour for learning needed to be addressed (appendix 1). This was further reinforced as a high priority area during staff meetings and subsequent correspondence from the Head Teacher (Appendix 1a), which focused on current issues in lessons and the need to improve B4L. Two key issues that arose were the use of mobile phones within lessons and consistency of sanctions (Appendix 1a). It is interesting to note that these both encompass the teacher and the learner. It is concerning to note that use of mobile phones within lessons is being flagged as a B4L issue and not a sign of disengagement. Understandably there is a close link between the quality of learning, teaching and behaviour, and therefore raises the question can behaviour be improved through improving the quality of learning teaching? The school clearly identifies that there is a need to reinforce their school policies on behaviour for learning. Through initial observation it was interesting to note the level of behavioural issues occurring both in and out of lessons. It poses the question is this a school being pro-active in managing behaviour for learning or re-active to behaviour that had not been managed consistently? This study will focus on the schools current policy on behaviour for learning and how this is implemented on a daily basis. Through a review of the schools current policy and issues this study will hope to suggest future recommendations to improve behaviour for learning. Recent national policy has moved away from a punitive system where students were punished for doing something wrong reactive and are now working towards understanding what causes learners to be off task and display undesirable behaviour pro-active. With the recent development of special educational needs identification and provision it is no longer acceptable to respond in a punitive way. National policy now promotes the inclusion of a greater diversity of learners in schools irrespective of level of achievement or social behaviour (Department for Education Employment (DfEE), 1999). It is important for schools to recognise this and develop strategies to promote B4L as over 20% of SEN provision are learners with social emotional and behavioural disorder (SEBD) (Department for Children, Schools Families, 2008). SEBD learners by nature can display undesirable behaviour unless managed in a positive way, and would it not be deemed unacceptable from an education professionals view for a learner predisposed to display poor behaviour as the result of a recognised disorder, to fall victim to punitive actions. It is therefore important for schools to have a well-structured B4L policy that coincides with the SEN policy. Communication between the SEN department and the rest of the school is also essential. (back up with research) too many lessons lack challenge and do not take sufficient account of students individual capabilities or encourage independent learning. Also, quality of marking and feedback generally varies considerably across the school. However, a small minority of parents expressed views that the schools communication with parents could be better, and also that students behaviour was not always as good as it should be. Inspectors found behaviour to be satisfactory overall, but variable. In general, students have a high regard for their school, enjoy their education and appreciate the variety of opportunities on offer to them, both within the curriculum and beyond. They are developing a good range of personal skills that are preparing them well for their education and employment after school. Ensure that lesson activities consistently challenge students of all ability groups to make better progress and develop their independent learning skills, especially at Key Stage 4. Behaviour in lessons is satisfactory, although someinstances of pupils being too boisterous were seen during the inspection. However, there is generally not enough really challenging teaching across the school to ensure that students make consistently good progress in their learning and therefore develop the confidence and ability to work independently. Where teaching is less effective, planning does not take sufficient account of students different capabilities and starting points, and is too teacher-directed. Teachers do provide some clear, detailed and useful written feedback, but this is inconsistent across the school and does not always give specific advice about what students need to do to improve their work a problem which persists since the last inspection.

Santa Claus By Howard Nemerov English Literature Essay

Santa Claus By Howard Nemerov English Literature Essay In the poem the Santa Claus by Howard Nemerov, the poet who is Mr. Nemeroy has out rightly shows his recent for the Santa Claus, it is noted that Santa Clauses are frequently seen during the Chrismas seasons. This is when they are seen all over the towns giving gifts to children, and in this poem the poet is highly against the activities of the Santa Clauses as he sis really seen during the festive season a period which is seen as a very happy moment in the Christians calendar as the son of God Jesus Christ the savior of the world is born. They arent seen and available during the Easter seasons which is a sad day in the Christians calendar as the only son and savior of the world dies on the cross for the sins of the Christians. This is clearly experienced in the poem Santa Claus by Howard Nemerov, this is when the poet uses figurative language in airing out recent of the Santa Claus figurative language or speech is a form of literary style that describes something through the use of unusual comparisons (Nemerov, 2011). This style is usually used by the poet to make things clearer for the readers, the poet also use figurative speech to make his work interesting, and at the same time increased effects in the piece of work. It should be noted that use of figurative language in any piece of work doesnt literary mean what is implied by the poet or artist. In the poem Santa Claus by Howard Nemerov, Mr. Nemerov, has used several figurative language that has helped him drive his points shim an example in the poem is when he says He teaches the innocent to want, thus keeps Our fat world rolling. This is an action that clearly indicates that he doesnt like the Santa clause, which to my own thinking I believe that this line in the poem says that the Santa Claus comes into the world during the Christmas season with the aim of giving gifts to the children and people. The Santa Claus will ultimately make the people to share there presents during the Christmas festive season instead of spreading these gifts through out the year especially during Easter seasons at a time when the savior is crucified for the sins of the Christians. The poem Santa Claus by Howard Nemerov, the poet has used a various numbers of figurative languages in his attempt to show his recent to the Santa Claus as in the line in the poem The merest soupcon, of brimstone and the pit. In this line the poet is emphasizing on the problems that are encountered when the Santa Claus is performing his duties. In the poem the poet indicates that the Santa Claus is giving out small gifts especially to children in the pretence of sharing their joy with them during this festive season but as a result of this the children will only be blinded by the kinds of presents they receive from the Santa Claus. Its from this statement that the poet ventured into the different ways that the Santa Claus use to bring the children into sharing and giving out of gifts (Nemerov, 2011). He has major criticized the quantity and quality of the gifts that are given out to the children. Figure of speech is also used in the poem is the At Easter, hes anonymous again, Just one of the crowd lunching on Calvary. This is where the poet in hyperbolized the Santa Claus, at this point the poet associates the Santa Claus to be a person who isnt very keen on following the ways of the savior, in that they disappear during the time when the son of God is crucified and they dont spread the peace in the society that they live in through out. Therefore these kind of people are only linked with the spreading and sharing of joy to the people at the time of birth of the messiah. On the day of his crucifixion a time in which the Christians are supposed to spread love and share gifts and from the word anonymous as in the poem it clearly indicates that thee Santa Claus doesnt appear any where close to the messiah in order to share the love at this sad moments. The poet has also used allegory figurative language in his work as in the following sentence His prescribed costume, White flannel beard, red belly of cotton waste. Conceals the thinness of essential hunger this figurative style states that everything that is inside represents another thing that is outside. This is when the poet artistically satirizes the costumes of the Santa Claus by stating that the clothes that are worn by the are very huge and massive thus used to show that the Santa Claus is a very big and old person but in real sense the person that is wearing the cloth is a young person and in the process the individual will use that as an opportunity to make the children believe in his principles. Yet they cant be able to be able to sustain the doctrines of there practice through out the year. Symbolism has been used in the poem when the poet criticized the Santa Claus by failing to share there good deeds in times when the children needed to share and spread love this is when he states (Nemerov, 2011). This annual savior of the economy Speaks in the parables of the dollar sign, this is a form in which the poet criticized the ways in which the Santa Claus asked the children to share with there friend only during the Christmas holidays while they dont practice it through out the year. Symbolism is used in the poem, were as symbolism means something that stand for something else, in the poem the poet has à ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦when the Child is born To suffer for the world, suffer the world, the poet has used the child in that point to indicate that the Santa Claus is always seen on the Chrismas times a time when the child which represents Jesus Christ, therefore making it easy to understand the concept of the poet. Allusion is another figurative language that is used in the poem as it refers to a person theme place or event in history or current culture, in the poem Santa Claus by Howard Nemerov, the theme and setting of the poem is during the Chrismas season, this is a time when the Santa Claus are mostly in the streets and they tend to offer the children with surprise gifts during the Chrismas season. In conclusion the poet of this poem Santa Claus by Howard Nemerov has showed a negative feeling towards the Santa Claus this can be expressed by the tone that the poet has used an example is when he uses the harsh tone of describing the name of the Santa class as a thing that gives out a stench as in the line (Nemerov, 2011). His name itself is corrupted, and even Saint Nicholas, in his turn, Gives off a faint and reminiscent stench this is an a harsh tone that makes the reader experience the recent the poet has for the Santa Claus.

Dis/located Identities: Swinging and Contemporary Sexual Space :: Free Essays Online

Dis/located Identities: Swinging and Contemporary Sexual Space A committed relationship without monogamy sounds like a contradiction in terms to those raised in America, or most any country at this point in history. The nature of commitment suggests that it requires a single partner and the promise to remain faithful to that person. Swingers choose a slightly different route and yet it is one that can involve more trust and openness than monogamous relationships offer. Swingers [1] are couples who choose to have not only a committed relationship but to also explore, as couple, recreational sex with other individuals and couples. At the heart of a strong swinging relationship is not sex at all; rather, there is the openness, trust, and communication necessary to both talk openly about desires and fantasies and to act on them within the bounds of commitment. â€Å"To swingers, physical acts of sexual pleasure with someone you respect, just for pleasure, and making love to one’s lifetime partner are two distinctly different things† (Thomas 20). This form of sexuality is clearly outside the norm of heterosexual behavior, especially that of married or committed adults. But is it a legitimate sexual identity? Does the swinging community deserve recognition in the same terms as other minority sexual identities? Like any other form of sexual expression, swinging takes on a handful of common variants. Soft swinging is a newer form and refers â€Å"a desire for sexual activities such as watching, being watched, mutual masturbation, and possibly oral sex but without changing partners for full sexual intercourse† (Thomas 20). Closed swinging is a more commonly recognized form of swinging where couples swing in different rooms – this is where the slightly derogatory term ‘wife swapping’ probably originated. Open swinging is where two couples will swing in the same room. Couples who prefer open swinging tend to enjoy watching their partner with another person, participating somehow while their partner is having sex with another person, or the women are bisexual and wish to enjoy each other while the men watch. Group swinging is basically equivalent to an orgy, although group swinging as a term is preferred. â€Å"A lot of swingers who enjoy this type of swinging f ind that it satisfies their tastes for exhibitionism and voyeurism at the same time. Some people have fantasies of finding out how many lovers they can satisfy in one evening†¦Ã¢â‚¬  (Thomas 20).

Our Barbies, Ourselves Summary Essay -- essays research papers

Our Barbies, Ourselves Summary In an article in Interview Magazine, Emily Prager discuses her opinions of Mattel's toy doll Barbie being designed by Jack Ryan, husband to Zsa Zsa Gabor, and designer of military missiles. The concept that a doll for young girls was designed by such a person greatly shocked Prager." Suddenly a lot of things made sense to me" says Prager. The element that Ryan designed Barbie may explain some of the key aspects of the doll itself. Although Barbie was created as a toy for girls, the sexual nature of the doll suggests it was created for the pleasure of men and envy of women. Prager compares the figure of Barbie to the kind of women who would be seen in the Playboy mansion or be a frequent guest on explicit television shows. This is the image of a mans... Our Barbies, Ourselves Summary Essay -- essays research papers Our Barbies, Ourselves Summary In an article in Interview Magazine, Emily Prager discuses her opinions of Mattel's toy doll Barbie being designed by Jack Ryan, husband to Zsa Zsa Gabor, and designer of military missiles. The concept that a doll for young girls was designed by such a person greatly shocked Prager." Suddenly a lot of things made sense to me" says Prager. The element that Ryan designed Barbie may explain some of the key aspects of the doll itself. Although Barbie was created as a toy for girls, the sexual nature of the doll suggests it was created for the pleasure of men and envy of women. Prager compares the figure of Barbie to the kind of women who would be seen in the Playboy mansion or be a frequent guest on explicit television shows. This is the image of a mans...

Passive Women in Chaucers Canterbury Tales? Essay examples -- Chaucer

Passive Women in Chaucer's Canterbury Tales? One argument that reigns supreme when considering Chaucer’s The Canterbury Tales is whether or not there is an element of anti-feminism within the text. One thread that goes along with this is whether or not the women of The Canterbury Tales are passive within the tales told. This essay will explore the idea that the women found within the tales told by the pilgrims (The Knight’s Tale, The Miller’s Tale and The Wife of Bath’s Tale to name a few) are not passive at all, but rather influence the turn of events within the stories. It is seen even in the first tale told – The Knight’s Tale – that the women portrayed within it are not passive at all, but, as previously stated, manage to persuade the males in charge to help them or do what they feel should be done. In the tale itself, the weeping of women is seen twice, and both times their weeping influences the men’s actions. The second example of weeping within the tale, as shown here: The queene anon, for verray wommanhede / Gan for to wepe, and so dide Emelye / And all the ladyes in the compaignye. / Greet pitee was it, as it thoughte hem alle / That evere swich a chaunce sholde falle†¦ â€Å"Have mercy, Lord, upon us women alle!† And on hir bare knees adoun they falle / And wolde have kist his feet ther as he stood; / Til at the laste aslaked was his mood / For pitee renneth soon in gentil herte. (Benson p. 49.) influences Theseus to agree to a battle to the death for the knights as opposed to simply beheading them as he was about to do. If these women were truly passive, then they would have not spoken up at all, or Theseus would have ignored them in favor of following through with his own wishes. Instead, he is ... ...of the women presented within Chaucer’s Canterbury Tales are passive and allow anything to happen. Indeed, quite the opposite is true and can be seen in just the few tales presented as well as many others. Though there are obvious signs of anti-feminism within the text, or anti-feminism that can be read within the text, there is also the opposite counterpoint of the activity of women within the text versus the passivity of women within the text. Works Cited Benson, Larry D. ed. The Riverside Chaucer. Huppe, Bernard F. Rape and Woman’s Sovereignty in the Wife of Bath’s Tale. Modern Language Notes. Vol. 63, No. 6. June 1948. pp. 378-381. Mann, Jill. Feminizing Chaucer. Patterson, Lee. â€Å"For the Wyves love of Bathe†: Feminine Rhetoric and Poetic Resolution in the Roman de la Rose and the Canterbury Tales. Speculum. Vol. 58, No. 3. July, 1983. pp 656-695.

Failure and Young People

1. 4 – Explain when and why inquiries and serious case reviews are required and how the sharing of the findings informs practice. Serious cases of child abuse are when the child is physically injured repeatedly or neglected, which then results in their untimely death. An inquiry into the case is carried out to find out how the child or young person died and how the system failed to protect and prevent this. Serious cases are also recorded and reviewed to give agencies examples of failures to which they can improve on. As stated by Tassoni et al (2010) pg 113, ‘Society has a duty to protect children and young people’ and should be able to do this by having effective communication between all the organisations involved in the protection of children and young people. These organisations such as local authorities, police, education welfare, hospitals etc, are supported by legislation, policies and procedures to help them in their duty of protecting children. Organisations fail in the protection of children when they do not follow the legislation and guidelines set out for them. In the inquiry of Victoria Climbie’s case, the failure to follow proper procedure to protect her led to high-profile media attention because the people involved did not do their duty to keep her safe from the abuse she received from her guardians. The lack of communication between her social workers, doctors, nurses and the police was the reason why her guardians were allowed to continue abusing her till she died. When a serious case is reviewed, agencies such as the local safeguarding authorities or the NSPCC aim to find out what failings the case had and how to make recommendations on how to improve legislation and guidelines, and also how to prevent future serious cases of child abuse. Communication and co-operation between all the agencies involved in the protection of children and young people is important because this helps to ensure their welfare and to promote their well-being.

Older Adults In Montreal Needs Health And Social Care Essay

1 IntroductionFor many older grownups in Montreal, the ability to make finishs and chances around their community has profound effects on all facets of their lives and daily activities. In order to stay affiliated within the community, mobility and handiness by agencies of public transit is of primary importance for older grownups ( McPherson & A ; Wister, 2008 ) . It moreover ensures that those who can non drive and/or without entree to a private auto are non excluded from the chances of urban life. As one of the cosmopolite metropoliss in Canada and with a important figure of senior occupants, Montreal should guarantee that public transit systems must non merely expeditiously enable riders to travel from one finish to another but besides make it inclusive and easy to utilize peculiarly for those who face trouble in accessing it such as the older grownups. What do we cognize about public transit demands of seniors in Montreal? What has been undertaken to turn to their demands? In or der to understand these inquiries, this paper aims to discourse the followers: ( 1 ) the importance of public transit and its consequent challenges to older grownups ; ( 2 ) current patterns in public theodolite services in Montreal ; ( 3 ) pattern rules and strength-based attack to pass through proviso ; and, ( 4 ) option attacks to pass through proviso for older grownups in the metropolis.2 Importance of public theodolite and challenges to older grownups in MontrealMontreal, in comparing to the remainder of Quebec, has a greater per centum of older grownups in its population. The 2001 nose count informations shows that Montreal has 442,684 older grownups stand foring 13 per centum of the population and lending 46 per centum for Quebec ( Hodge, 2008 ) . This figure will go on to turn in the coming old ages as it is expected that one in every four Canadian will be 65 or over. About 101,190 seniors in Montreal have at least one signifier of disablement which includes trouble visual p erception, hearing, communication, and walking, among others. Aside from sing physical damages, 28 per centum of them live under poorness and 18 per centum do non hold entree to a private auto ( Landreville & A ; Bickerstaff-Charron, 2010 ; TCAIM, 2009 ) . As seniors tend to hold troubles runing a private auto, utilizing public transit so becomes indispensable for guaranting their ability to make their coveted finishs. A Importance of public transit The usage of public transit is a cardinal to community engagement, productiveness, and independency for older grownups, particularly those who can no longer drive or unable to drive. Public theodolite services, which include coachs and trains, are often their lone options for going independently to work, wellness attention installations, shopping Centres, and a host of other finishs outside their places ( Marston, Golledge, & A ; Costanzo, 1997 ; McPherson & A ; Wister, 2008 ; TCAIM, 2009 ) . Transportation system must be present in a assortment of signifiers to run into the demands of older grownups. Aside from supplying coachs, trains and other specialised theodolite services, proper pavements with equal signage and without barriers to walking are besides indispensable for seniors. Once transit services are available, seniors must besides be able to entree it easy and safely. Public transit besides helps to get the better of distance in state of affairss where seniors reside far fr om urban centres or where communities have few available installations and services. For older grownups, the ability to utilize transit is both a agency and an terminal: a agency to entree services and installations while fulfilling their desire non to be isolated ( Hodge, 2008 ) . Challenges in utilizing public transit and attendant impacts to older grownups Seniors frequently face challenges in utilizing public theodolite which is brought approximately by their physical damages and the manner the environment is constructed. It is noted that older grownups constitute a important proportion of people with some type of damage or disablement in relation to transit demands ( TRB, 2004 ) . These damages frequently have serious deductions in footings of mobility and entree to chances in the metropolis. An issue linked in urban countries concerns heightening handiness to transit usage among older grownups without compromising safety given that physical jobs tend to increase as one ages ( Titheridge, Achuthan, Mackett, & A ; Solomon, 2009 ) . Older adult females further suffer dual favoritism in utilizing public transit both on the evidences of gender and damage ( Venter, et Al. 2002 ) . The fact that public conveyance exists is of class merely one portion of the image. Existing roadways, prosaic installations at Michigans and Stationss, and mass-transit vehicles were by and large non designed with the aged in head. Rather, they are based on a ‘normal ‘ individual-one presuming that the user is an able-bodied and to the full literate single. Public transit usage requires physical and cognitive abilities that may except some seniors such as the walking distance needed to the coach halt or Metro station are long and/or involve steep inclines. Reliability of theodolite agendas, long waiting times, the demand to mount high stepss in and out of the coach, and, transit driver ‘s competency in suiting senior riders are among the challenges that older grownups encounter in utilizing public transit. There is a demand to affect upon transit applied scientists and contrivers, policy shapers, urban contrivers and theodolite suppliers the importance of the †˜one-size-does-not-fit-all ‘ premiss refering the proviso of transit services and substructure. In peculiar, these decision-makers have a duty to develop a better apprehension of the features of older people on the footing of which betterments can be made. Guaranting that older grownups are able to be nomadic with comparative easiness in metropoliss will be one of the cardinal challenges for contrivers as the urban population grows older. Declining mobility among seniors can be explained by many factors including physical ( Dis ) abilities, fiscal resources, and personal picks, but the design of their vicinities and the distances between finishs can besides act upon their travel picks and behaviors. Decades of transit and land usage planning that favoured the car over other mobility manners like walking or public transit is a major factor that can put limitations on the mobility of seniors who do non drive, or seldom do so ( Cao, Mokhtarian, & A ; Handy, 2007 ; Hodge, 2008 ) . Furthermore, the inability to entree to public transit would take to lower chances of traveling outside the place. For those who used to drive, releasing their driver ‘s licence have a higher hazard of depression peculiarly older work forces ( McPherson & A ; Wister, 2008 ) . These issues necessarily lead to their exclusion from making desired finishs and activities and to socially link with other people outside their places which in bend could lend to degradation in their quality of life.3 Transportation system options to suit older grownupsEven though the car is the vehicle of pick for making assorted finishs, communities across Canada are working hard to run into the transit demands of seniors who no longer thrust or have limited their drive to the daylight, the vicinity, or a individual finish. Given the pressing demand for more antiphonal and sustainable transit services, local and national transit bureaus have developed a figure of alternate manners to run into the travel demands of older grownups. The undermentioned summarizes the mix of transit options that would provide their demands ( insert beginnings ) : Car: individual rider, shared drive Public transit: low-floor coachs, community birds, trains/subways Demand-responsive para-transit services Private theodolite: taxis, limousines, chauffer services Specialized theodolite: hospital-based theodolite plans, interfaith and church-based plans, volunteer transit plans Other options: low-speed vehicles, walking4 Current province of theodolite proviso for older grownups in MontrealThe Societe de Transport de Montreal ( STM ) which is the chief theodolite bureau of the island has geared itself in bettering the whole public transit system to run into the demands of the population. STM has adopted a corporate policy on cosmopolitan handiness in order to cut down the figure of barriers forestalling people with functional damages from utilizing its public theodolite web ( STM, 2009b ) . The Master Plan of the City of Montreal purposes to heighten the perceptual experience and image of public transit in order to promote its usage ( Ville.de.Montreal, 2002 ) . Public infinites around tube, commuter train and intermodal Stationss, peculiarly the waiting countries, warrant particular attending to ease entree and make a safe and pleasant environment that meets the demands of every type of user. Action 14 of the Master Plan farther emphasized design rules in t he locality of public transit entree points peculiarly in footings of easing connexions between coachs and tube. Implementing cosmopolitan handiness policies is one manner of advancing societal inclusion in the usage of public transit and entree to edifices. The Transportation Plan of Montreal besides mentioned cosmopolitan entree as a system-wide construct which is apparent through the deployment of articulated or low-floor coachs and supplying on-demand para-transit services ( Transport Adapte ) for frail seniors and other riders with functional damages. In 2008, STM launched a specialised coach service in August 2008 called Navette Or ( Golden Shuttle ) . This shuttle service now operates in 10 different vicinities in Montreal and makes Michigans at locations nigh high concentrations of older people ( including seniors abodes ) every bit good as at locations deemed to be of involvement to them ( STM, 2011 ) . This service is a positive measure that should greatly profit older people. Likewise, STM has late retrofitted five Metro Stationss along the orange line that are now accessible for wheelchair users ( STM, 2009a ) . Bonaventure station on the green line, meanwhile, is partly accessible ( i.e. from train platform to terminus ) . Supplying accessible Stationss from this theodolite line linking to the belowground metropolis is still under reappraisal and consideration. Despite these developments, much of the attempts are directed towards helping those who lack personal mobility and are wheelchair-bound. Covering with this most desperate and seeable group represents merely one section of the population with functional damages. Small attending has been paid to the demands of other mobility-impaired groups, including those who are blind or visually impaired and persons with other physical damages such as those with larning troubles still encounter restraints in utilizing the public transit ( Marston, et al. , 1997 ) . An emerging concern in transit services in Montreal are the migratory seniors in ethno-cultural communities who face troubles in talking either English or Gallic. The Alliance diethylstilbestrols Communautes Culturelles pour l'Egalite dans la Sante et lupus erythematosuss Services Sociaux ( ACCESS ) reported that 88.3 per centum of the migratory seniors reside in the greater Montreal country ( Delgado, 2011 ) . The ability to pass on with coach or para-transit drivers or even name STM ‘s client service could be a important challenge for them in order to utilize public transit services.4 Interventions and strength-based attack to pass through provisoPractice rules Seniors should be included in all facets of transit proviso, from the conceptualisation, design, execution, monitoring and rating. Advocacy Authorization to better mobility and handiness Guaranting walkability of streets Guaranting safety of theodolite What do users state about their impacts? Expression at remarks in Transport subdivision at Montreal Gazette online Benefits and challenges of theodolite issues identified The planning of land utilizations and transit can greatly act upon handiness. By puting parametric quantities for the physical design of urban scenes, these countries of activity define what is possible and what is non within the physical environment. Integrating cosmopolitan handiness ( or cosmopolitan design ) has accordingly become an of import consideration in edifice, urban design and planning in general ( Audirac, 2008 ; Bromley, Matthews, & A ; Thomas, 2007 ; Iwarsson & A ; Stahl, 2003 ) . Universal design aims to simplify life for persons of all ages, sizes, and abilities by doing the bing and future built environment and merchandises useable by more people. Guaranting accessible installations are installed aids in run intoing the demands of the older grownups every bit good as persons with reduced mobility by leting a larger proportion of the population to go independently than would otherwise be the instance ( Malo & A ; Berube , 1992 ) . There are many ways in which better ments in the design of public conveyance with attending to the older grownups can in bend benefit the general population. This might include improved clearer word pictures of the border between roadways and prosaic infinite, well-built and decently maintained pathwaies without any broken or uneven surfaces, good marks with universally-intelligible icons and – if text is necessary – clear, big, brooding inscription in an easy-to-read fount, and of class, safe and user-friendly public conveyance.5 Proposed attacks to better transit services for older grownupsInformation and counsel must be sought from human services bureaus and theodolite plans that provide transit to shopping and banking countries, clinics, senior Centres and retirement communities to guarantee that the appropriate conveyance options are provided for seniors. One may ask about any voluntary driver plans in the country every bit good so that one can happen committed voluntaries who are willing to portion their vehicles in traveling to and from different finishs. Additionally, auto pooling and bird services are other options for the seniors to avail of free drives to medical Centres and such. The authorities must besides guarantee that cab services would be given at decreased rates for senior citizens. There are besides medical and nonmedical place attention services that frequently offer transit and aid services to older members of society. By offering better transit options for senior citizens, they would be able to bask greater mobility and freedom. Proposed attacks Judaic Edward Estlin Cummingss centre theodolite plan Car-pooling and car-sharing plans Pooling riders traveling in the same way Appellation of prioritized seating for seniors Evaluation Guaranting airing by STM on feedback from different theodolite users6 DecisionThe ageing population is swelling quickly in both absolute and relative footings in Montreal and Canada, in general, and is expected to make so in the long tally. This clearly poses of import challenges for the authorities and society as a whole. On the positive side, the economic growing and up criterions of life that have well improved length of service rates of the people in general. Yet older people face physical, economic, and psychological barriers to go ; for some aged this includes damages in motor, sensory, and cognitive abilities. To get the better of these barriers and to let older people to play a full portion in society, we have to basically rethink attacks to transit in the two states. As a whole, puting an docket by developing enabling environments for older people is both an economic and a societal jussive mood. Safety and handiness are two of import considerations in planing and bettering t ransit for the aged. Our social duty of run intoing older people ‘s demands in a safe, accessible, and sustainable manner entails integrating cosmopolitan handiness ( or design ) principles in the whole transit environment.

Hawthorne’s Motives for Writing the Scarlett Letter Essay

Hawthorne’s motives for writing The Scarlet Letter were to expose corruption in Puritan society, religion, and politics. Hawthorne demonstrates both corruption and hypocrisy in Puritan society as the townspeople and even the Governor wear her embroidery, yet banish her and ostracize her as an outcast and a sinner. The town buys her clothes for an unknown reason; most likely their own curiosity, it’s beauty, or they just felt sorry for her. This shows the society’s inability to follow through with their own punishments. They are willing to ostracize her and banish her, but still buy her embroidery. However much they chose to wear her embroidery on most articles of clothing, they refused to wear her embroidery on wedding veils as they were created by her sinful hands, showing the â€Å"relentless vigor with which society frowned upon her sin† (Hawthorne 76). Religion played a major role in Hawthorne’s writing, even though he was not a member of any religious organization. The religion mentioned in The Scarlet Letter was Puritanism and in his writing he intended to expose the power the Puritans used to control the church and state. For example, in the Massachusetts Bay Colony, Roger Williams differed with the colony’s leaders on the relationship between church and state. â€Å"The authorizes in the Bay feared that the foul error emanating from him could spread and corrupt the entire colony. In October 1635, the General Court of the Massachusetts Bay Colony banished him† (smithsonianmag.com). Due to the fact that Hawthorne was not a part of any organized religion he was able to criticize religions without the fear of repercussion. Hawthorne also wanted to expose the corruption in religion when he wrote The Scarlet Letter. In the Custom House he mentioned that he was a Democrat while the Whigs were in power. Hawthorne also said â€Å"I had spent three years†¦in an unnatural state, doing what was really of no advantage nor delight to any human being† (Hawthorne 40). Here he is saying that because he was a Democrat in a Whig society he felt he couldn’t speak up and that it was unnatural.

Leading Change in an Organization Essay

Abstract The reality of change is that it is likely to occur in personal life and business. In order for an organization to confront the realities of change, effective leadership is essential. Leadership is critical to the success of any change initiative. There are many forms of leadership that each come with a variety of personality traits, this paper will discuss leadership characteristics believed to be necessary to successfully manage change in organizations for the next decade and how to use Kotter’s change model to implement successful change management. Change in simply defined as â€Å"to make something different†, according to Mr. Neryl East, the author of â€Å"Change –What it is and what it isn’t† (East, 2007). Change management is the process that an organization uses to respond and adapt to change in order to improve its effectiveness and ensure continued success (Leban & Saban, 2008). Leadership is critical to the success of any change initiative in an organization. Quality leadership characteristics are equally important to the success of an organization. When good leadership is in place in an organization, it can be felt throughout the entire organization. When good leadership exists, positive corporate culture is not forced, it is developed (Mills, 2005). Leadership is defined as a process by which one person influences the thoughts, attitudes, and behaviors of others (Leban & Stone, 2008). Leaders set a direction for everyone else and they help the people around them see what lies ahead; they help their followers to visualize what might be achieved and they encourage and inspire. Without leadership it is likely that a group of individuals would quickly collapse into argument and conflict. Leadership helps to point people in the same direction and works towards joint efforts.  Leadership is the ability to get other people to do something significant that they might not otherwise do. It’s energizing people toward a goal (Mills, 2005). In order for a leader to affect change in others he/she should possess many positive characteristics such as the ability to be a good communicator, be proactive versus being reactive and be flexible and adaptable among many possible characteristics to name a few (Group, 2009). As a leader, it is equally important to deliver clear, concise and consistent messages as it is to listen. Leaders should demonstrate a willingness to work to understand the needs of others. Leaders who are able to be successful at listening are able to ask meaningful questions, consider all options and provide leadership in the right direction. Secondly, is the ability to always think ahead, being proactive instead of reactive. Leaders who possess this characteristic are able to master their work environment with the goal of avoiding potential problems before they occur. And lastly, an effective leader will adapt to new surroundings and situations, doing their best to adjust in unexpected or uncomfortable situations (Val & Kemp, 2012). Change strategies that are believed to generally be effective for leading fundamental change are first the need for close and constant communication, it is also important to communicate regularly on the important, significant issues and topics. Also, it is important that all members of the company think and act purposefully and then communicate the assignment and required parts to each member of the department, positioning the foundation for a good fit with the company’s mission and plan. The leadership style of a manager during the change process can be either cooperative and consultative or commanding and coercive (Leban & Stone, 2008). According to Neryl East, the author of â€Å"Implementing an Effective Change Management Strategy†, when staff members are working jointly with management in a cooperative style, it can be expected that there will be both long and short term success to the company since the team will address issues and concerns and makes decisions in the general best interest of the organization. In the same way, when the decision is made by management to force the change, the staff may not be allowed to participate in the decision making process. (East, 2007). Following this further, the Kotter’s process of leading change model has good framework to allow the manager to work in a collaborative style with staff. Kotter’s model was established after studying more than one hundred organizations (Leban & Stone, 2008). Mr. Kotter was perplexed about the fact that the majority of change efforts were unsuccessful, and he sought out to identify the common error made in the change process. Kotters’s eight stage model offers a process to successfully manage change and avoid the common mistakes that occur during change in an organization (Leban &Stone, 2008). Furthermore, the Kotter’s model for change is effective because it provided two lessons, first that the change process goes through a series of phases, each could last a considerable period of time and second that critical mistakes in any phase can have a devastating impact on the momentum of the change process. Kotter’s process of change focuses on the strategic, not tactical level of the change management process (Leban & Stone, 2008). In retrospect, the use of the Kotter’s change model during the implementation of electronic health records at my current employer, Clayton Eye Center could have yielded a better transition and fostered a more positive work environment. In the Kotter’s change model, the first four stages deal with â€Å"unfreezing† the organization. These steps involve reducing those forces that are allowing the organization to continue its current behavior. The next three stages introduce new practices, â€Å"changing/moving†. This step shifts the behavior of the organization to a new level. The last stage is required to ground the changes in the corporate culture â€Å"refreezing† and make them stick. This step steadies the organization at a new state of balance (Leban & Stone, 2008). The first step in the Kotter’s model of change is to establish a great sense of urgency, identify crisis, potential crises and major opportunities (Leban & Stone, 2008). The passing of the Health Information Technology for Economic and Clinical Health Act (HITECH Act) in 2009 by President Obama was the driver of change for The Eye Center (CEC) (Secretary, 2013). The system had to be in place by deadlines set forth by the government, therefore the  urgency for change was created. The second step in the Kotter’s model of change is creating the guiding coalition, by putting together a group of people with enough power to lead the change (Leban & Stone, 2008). The Eye Center was successful in organizing a core team, composed of managers from each department to provide various perspectives to the change process. The appointed core team had previously worked together on various change issues and working as a cohesive unit was of no concern. The third step of the Kotter’s model of change is developing a transformational vision and strategy. Create a vision that will help direct the change and develop strategies for achieving that vision ( Leban & Stone, 2008). During this step, The Eye Center missed the opportunity to develop a positive need for the change. The vision for implementing a new EHR system was often stated as, â€Å"because we have too†. This was an opportunity for upper management to frame the view of the change before anyone formed a negative opinion about the change. The fourth step of Kotter’s model of change is communicating the change vision, using all possible avenues to constantly communicate the new vision and strategies (Leban & Stone, 2008). In this step, The Eye Center was reluctant to communicate the change because they held hope that ultimately the change would not be needed. Once it was clear that the bill signed into law by the President would be upheld, there was very little time to effectively communicate the change vision and receive positive buy in from the staff. The fifth step of Kotter’s model of change is empowering a broad base of people to take action, getting rid of blockers, changing systems or structures that did not line up with the change vision (Leban & Stone, 2008). Empowering the staff, whether real or perceived could have been a very important step to achieving staff support towards the change. However, in the case of The Eye Center, only the managers appointed for the core team were empowered as they were the only members of the staff who had knowledge  about the upcoming change. Keeping the majority of the staff members in the dark about the change and not providing a platform for them to feel a part of the change was instrumental in the outcome for the possibility of successful change. The sixth step of Kotter’s model of change is generating short term wins, visibly recognizing and rewarding people who made the wins possible (Leban & Stone, 2008). Generating short-term wins is necessary to prevent the loss of momentum and keep the organization engaged. The Eye Center was not as successful as it could have been in this step. Approximately 2 months after implementation, upper management decided to reward the front desk staff for what had been considered reasonably successful implementation of the system thus far. However, the other 4 departments that were largely affected by EHR implementation and played a role in its success, although only 2 months in were not offered rewards for their efforts. This flaw in judgment created negative vibes between departments that needed to work together for continued success of the change implementation. The seventh step of Kotter’s model of change is consolidating gains and producing even more change by hiring, promoting and developing people who can implement the change vision (Leban & Stone, 2008). In this step, The Eye Center could make strides to correct past change errors by focusing on the continued development of staff with the new EHR system. The company should also consider utilizing previously purchased unused project management hours to aid them in this step to ensure that moving forward the change vision process is revitalized. And finally in this step, the company could build on polices and structures that have worked during the change process and remove all polices and structures that don’t fit the change vision. The eighth and final step of the Kotter’s model of change is institutionalizing new approaches in the culture by articulating the connections between new behaviors and company success while developing means to ensure leadership development and succession (Leban & Stone, 2008). This step again creates an opportunity for The Eye Center to build a foundation for successful change moving forward. The company could use this step to  make successful change a part of its culture by communicating to the staff how current behaviors do or do not line up with the change vision of the organization. The implementation of continued leadership development through ongoing training would also fulfill this step while preparing the company for successful change behavior in the future. A clear description of the characteristics of a healthy organization prepared to address the issues of change in the 21st century is upper management support and involvement, considering the needs of employees and an effective project manager. Change is almost impossible without the support and involvement of top leaders. Leadership must set the direction, pace and tone while providing a clear vision that brings everyone together (Leban & Stone, 2008). In order for any change initiative to be successful, the company must create a positive culture and motivate the staff, this allows them to visualize and buy in to the change project (Leban & Stone, 2008). Effective project management involves planning and coordinating all aspects of the change program, this allows the organization to place necessary focus on the values, attitudes and behavior of everyone involved to guarantee an effective outcome ( Leban & Stone, 2008). Without these characteristics, change programs risk failure. In final consideration, there are many change models available to organizations; the Kotter’s eight-stage model dictates that each stage be worked through in order to obtain successful change. Skipping even one step or moving too far ahead with a concrete foundation can create problems according to Mr. Kotter (Leban & Stone, 2008). In the case of The Eye Center, we see this to be the case; as complete follow through of each step could have yielded better results for the organization. The need for change is almost guaranteed for every organization if they want to remain relevant. Organizations that will succeed in the 21st century and beyond are those who are aware of what is changing in their perspective industries and are willing to take into account how those changes are most likely to affect its current success. References East, N. (2007). Change-What it is and what it isn’t. Retrieved from Implementing an Effective Change Management Strategy: http://www.ark-group.com/downloads/Change-Management-Chap.pdf Group, H. L. (2009). Holden Leadership Center. Retrieved from Leadership Characteristics: Leadership Styles. Pathways: The Ontario Journal Of Outdoor Education, 24(3), 28-31. Leban, B., Stone, R. (2008). Managing Organizational Change 2nd ed. Hoboken, New Jersey: John Wiley & Sons. Mills, D. Q. (2005). Leadership: How to Lead, How to Live. Retrieved from The Importance of Leadership: http://www.cafanet.com/LinkClick.aspx?fileticket=qwswE8roe74%3D&tabid=96 Secretary, O. (2013, June 13). FACT SHEET: White House Task Force on High-Tech Patent Issues. Retrieved from The White House: www.whitehouse.gov Val, C., Kemp, J. (2012). Leadership Styles. The Ontario Journal of Outdoor Education, v24 n3 p28-31 Spring 2012 4pp.

Different facets of the Macro Economy Essay Example | Topics and Well Written Essays - 2500 words

Different facets of the Macro Economy - Essay Example There was a development of model of trader risk that insinuated that decisions on investments are done with reference to market noise, and these decisions are not rational and hence unpredictable from the simple fact that they are affected by the sentiments of an investor. This makes the idiot traders a threat in markets of finance. Secondly, noise existence provides opportunists with information that enables them to exploit and take advantage of the situation in the market. These opportunists may engage in strategies of stealth trading where these investors extend their trade with time. Lastly, the irrationality by the noisy traders may lead to movement of assets’ prices from their basic values hence making the market to destabilize. Contrary to that, investors who are rational would act in a manner opposing a noisy trader hence stabilizes the market equilibrium. There is a prediction that institutional investors fail in encountering activities that are irrational by the nois y traders. The examination of the essential effects of the noisy traders on ADR market is as explained. ADR return falls or increases if the investors are not rationally pessimistic or optimistic. In the period of low noise, ADRs that are owned by high institutions exhibit autocorrelation that is same to ADRs being owned by low institutions. Nevertheless, in periods of high noise, ADRs that are owned by high institutions exhibit autocorrelation that is higher compared to the ones owned by low institutions. This creates an implication that there must have been an engagement in stealth trading by investors for exploitation of an irrational market. Via a regression of Granger causality, there is evidence of ADR portfolio returns with high institutions ownership which confirms that these traders make a reflection of the market information which is in the long run converted to securities. Finally, investors of an institution aid in the reduction of ADR returns of Europe. Though, for othe r continents ADRs, the stabilizing magnitude of positions of arbitrage that is taken by investors of an institution is not significant (De Long et al. 1990) Question two Consider a model with both noisy traders and rational arbitragers. Suppose there are no limits of arbitrage. Then arise in investment sentiments among the noisy traders: a) Shifts the asset demand curve of the noisy traders N b) May lead to increased short sales Y c) Has no effect on the equilibrium asset price N d) Affects the distribution of assets holding between the two groups of investors Y e) Affect the total gross supply of the assets in the market Y Discussion In case of existence of the noisy trader and an arbitrager in a market, given that there are no limits of arbitrage and a situation of arising of sentiments, a) there would not be shifts in the demand curve of the noisy traders. The explanation for this is straightforward because given an irrational trader who takes risk which give rise to investment s entiment; the prices of assets are mainly affected. In economics, the price of commodities affects demand in that the increase or decrease in prices leads to a movement of the curve and not a shift. Therefore, the statement of demand shifting is wrong as the main factor influencing demand of asset in this case is the price. b) The action may lead to increased short sales in that, in any case the noisy trader tries to sell the assets at prices that are lower than the market’