Thursday, March 19, 2020
Basel III Is A Global Standard Of Banking Regulation. Do You Think
Basel III Is A Global Standard Of Banking Regulation. Do You Think Basel III Is A Global Standard Of Banking Regulation. Do You Think That Basel III Can Make The ââ¬â Coursework Example Basel III: A global standard of banking regulation Basel III is a global standard of banking regulation Basel III is the result of global financial crisis happened in 2008, where it gives a chance to a basic reformation of the risk and regulation perspective within the international financial market. In this regard, the BCBS (Basel Committee on Banking Supervision) has cooperatively developed a new framework in order to reinforce the liquidity and capital regulations internationally for endorsing a robust baking industry, named as Basel III (Greenley, Kelly, Forgarty, & Dutta, 2011). It initiated a conceptual alteration in the liquidity and capital principles. It has become the requirement of firms that are competing on the global basis, and are exposed to the financial and regulatory risks seen in the financial crisis of 2008. However, this framework provides a solution to many issues existing in the contemporary banking industry, but still it raises some implementation concerns tha t are significant for its application. Among these concerns, the most important issue is its regulatory effect, where many economies face issues in obtaining the adequate level of liquid assets in money market for complying with the new conditions, such as in South Africa. Another problem is regarding the calibration of the new agenda, as the banks have obtained assistance from the government during the financial crisis, so it would be insufficient for depending only the bankââ¬â¢s information (Willink, 2011). In addition, the central bankââ¬â¢s role should also be taken into the account, as this bank can generate liquidity conditions any time, so the requirement of securing an extra liquidity would be an injustice for banks. It would result in inadvertent outcomes. This implementation would also affect the central bankââ¬â¢s role in applying the monetary policy. Moreover, such new liquidity regulations would be difficult to apply because of spending short time finance for liquidity in banks (Bech & Keister, 2012 ). Thus, it is of high significance to manage and apply the Basel III wisely for circumventing supervisory arbitrage and other issues. ReferencesBech, M., & Keister, T. (2012 ). On the liquidity coverage ratio and monetary policy Implementation. BIS Quarterly Review, 1-7.Greenley, J., Kelly, H., Forgarty, M., & Dutta, S. (2011). Basel III: Issues and Implications. New York: KPMG International Cooperative .Tarullo, D. (2011). Regulating Systemically Important Financial Firms. Washington DC: Speech at the Peter G Peterson Institute for International economics .Willink, N. (2011). Basel III: a roadmap to better banking regulation and supervision. FSI High level meeting on the new Framework to Strenghten Financial Stability and Regulatory Priorities. Russia: St Petersburg.
Monday, March 2, 2020
WORDPLAY
WORDPLAY Play-on-words is a literary technique that makes the words the main subjects for the purpose of amusement or some particular effect. Hashtag: #ReplaceALetterRuinATvShow Literary A wordplay is a form of humorous writing. It is a literary technique for entertaining readers by manipulating the sounds and meaning of words. Characterized by ambiguity, wordplay is also a form of creative linguistic that takes advantage of words with similar meanings to grab attention. CONNECTING WORDS AND PHRASES A pun is a subtype of wordplay that uses a word (one-word puns) or group of words (compound puns) with several meanings or aà sound to make it funny. A good example is funny puns using compound puns or replacing two or more words to change their meaning such as ââ¬Å"Santaââ¬â¢s helpers are subordinate Clausesâ⬠. When a writer substitutes a word with another similar-sounding word, the result is homophonic puns. For example,ââ¬Å"The butcher refused to accept my challenge that his knife was dull because the steaks were too highâ⬠. In contrast, when the writer uses a word with two different meanings, the resulting puns are homographic puns such as ââ¬Å"Yes, he is the same optometrist who fell into a lens grinder and made a spectacle of himselfâ⬠. There are also funny animals puns such asà ââ¬Å"A horse is a very stable animalâ⬠. Funny Puns in Classrooms and in the Internet The pun is aà type of wordplay that many authors and poets create to bring fun to the classroom. Since humor is a good motivator, wordplay enriched books and make schoolchildren interested in language and vocabulary. Teachers used wordplay in the classroom to encourage students to expand their vocabulary and challenge their belief about the meaning of the words. Wordplay also helps students see the connection between words. Wordplay extends beyond the classroom to the Internet. Various funny puns are all over the Web bringing a smile to everyoneââ¬â¢s face. One-letter puns challenge from social media user #ReplaceALetterRuinATvShow to replace a letter of a TV show title was accepted by fellow users and many are quite good with vocabulary. For example: ââ¬Å"Price is Rightâ⬠to ââ¬Å"Prick is Rightâ⬠ââ¬Å"Dr. Whoâ⬠to ââ¬Å"Dr. Whyâ⬠ââ¬Å"Americaââ¬â¢s Top Modelâ⬠to ââ¬Å"Americaââ¬â¢s Top Modemâ⬠There are puns about technology, puns created by Internet geeks, 15 most hilarious puns, clean and dirty puns, and banned puns that allegedly breached Chinaââ¬â¢s law on standard spoken and written Chinese. However, the fun with puns continues with more clever puns such as: ââ¬Å"People who say they from constipation are full of shitâ⬠ââ¬Å"Never trust atoms, they make up everythingâ⬠ââ¬Å"The person who invented the door knock won the No-bell prizeâ⬠Wordplay and its popular subtype have a number of beneficial applications. Aside from expanding classroom vocabulary, enhancing the motivation of language learners, and creating a word-rich classroom, English literature masters extensively used the literary technique in their plays and poetry. William Shakespeare, for instance, used wordplay to produce various, life-like representation of a complex human personality. Hebrew Bible writers frequently obscure the true meaning of God messages using wordplay. Wordplay nowadays is widely used in product advertising tagline to draw the attention of readers. Advertisers make good use of wordplay such as: ââ¬Å"Thirst come, thirst servedâ⬠of Coca-Cola in 1932 ââ¬Å"Put a Tiger in Your Tankâ⬠ofà Exxon If you need assistance with essay writing feel free to contact our support team or place an order right now and we will gladly help you.
Saturday, February 15, 2020
The aftermath of earthquakes in Haiti, like the hurricane in New Essay
The aftermath of earthquakes in Haiti, like the hurricane in New Orleans a few years ago, reveals both humanitarian aid and looting and violence - Essay Example The aftermath of earthquakes in Haiti has much to do with the prevailing conditions there, before the earthquake. The effectiveness of the relief operations depends upon not only with the organizations involved in relief work, , but also with the adaptability of the people to make the best use of the relief supplies. What are the ground realities in Haiti? Joseph Francis Bentivegna writes, ââ¬Å" Institutional corruption siphons off foreign aid, so the needy are never helped. High export taxes discourage peasants from growing popular crops while politically influential families make huge profits because they are exempt from paying taxes.â⬠(Introduction....) This being the mentality of the ruling class(bureaucrats and politicians) the chances of people getting a fair share of the relief materials are dim. The after-effects of the magnitude 7.00 earthquake are staggering. The damage is massive. Logistical challenges hamper the relief efforts. Rescue teams from all over the world have arrived and co-coordinating their work is itself a gigantic task. According to Red Cross estimates, 50,000 deaths have occurred and morgues have no place for the bodies. Bodies are strewn in the streets like rotten vegetables. Utter confusion prevails. Day by day, the situation is going from bad to worse. Food is in short supply, security is sparse, medical supplies are in great demand
Sunday, February 2, 2020
Social work (see panel for details) Essay Example | Topics and Well Written Essays - 1000 words
Social work (see panel for details) - Essay Example 4). The fact that she is excited about having the child is good, but the social worker should try to reserve judgment, good or bad, about the situation. Konopka (1999) states, ââ¬Å"Another basic concept is the awareness of the individual as an interacting member of society and the importance of interaction, individually and in groups, for his development and for the development of society.â⬠The social worker should try to have a positive impact on Anneââ¬â¢s life. Additionally, the social worker should try to have Anne incorporate other elements of society into her life. She should perhaps be encouraged to join a church, synagogue, or mosque of her choosing in order to gain support from the surrounding community to welcome her baby into the world. Instead of criticizing Anne, the social worker should focus on Anneââ¬â¢s good qualities. The fact that she is a kind and caring person should be strengths that the social worker should build upon in order to encourage her to be a good mother to her unborn child and partner to Simon. It is an ethical principle that, ââ¬Å"Social workers should uphold and defend each personââ¬â¢s physical, psychological, emotional, and spiritual integrity and well-being. This means: 1) respecting the right to self-determination, 2) promoting the right to participation, 3) treating each person as a whole, and 4) identifying and developing strengthsâ⬠(Lee, M.Y., et. al., 2009, pp. 294). In many ways, the social worker who takes on Anneââ¬â¢s case will obviously have many challenges. Since Anneââ¬â¢s parents are an interracial couple, this case may be extraordinarily difficult due to the cultural factors that are involved. One ethical principle of social work is that ââ¬Å"Social workersââ¬â¢ primary goal is to help people in need and to address social problemsâ⬠(Munson, 2002, pp. 509). In Anneââ¬â¢s case, the social worker needs to realize that Anneââ¬â¢s situation is unique. Anne may have
Saturday, January 25, 2020
Gender Discrimination at Walmart Essay -- Walmart Sex Discrimination
Walmart, the worldââ¬â¢s largest retailer and private employer, has established a highly profitable business centered on a low-cost strategy that utilizes logistical efficiencies to create a competitive advantage. Yet, to maintain this low-cost strategy, Walmart has engaged in ethically questionable practices, including gender discrimination in promotion and pay. While the Supreme Court recently ruled against class certification of 1.5 million women in the Dukes v. Walmart case due to a lack of proof that Walmart operated under a ââ¬Å"general policy of discriminationâ⬠, overwhelming evidence demonstrates that gender discrimination is a persistent problem rooted in the culture of Walmart, despite gender-neutral policies (Biskupic, 2011). During the 1950ââ¬â¢s and 60ââ¬â¢s in northwest Arkansas, a surplus of unskilled labor existed due to ââ¬Å"increasing mechanization of agricultural workâ⬠. Leveraging this pent up demand for employment, Sam Walton, the founder of Walmart, provided these agricultural men with prideful responsibilities as managers of his retail stores, while employing their wives and daughters as low wage clerks (Lichenstein, 2011). Forty to fifty years later, in an economy sagged by high unemployment, particularly among an unskilled, low educated workforce, the practice of promoting men to run stores while women are forced to settle for low wage labor remains prevalent at Walmart. In fact, statistical analysis from plaintiffs in the 2001 Dukes v. Walmart lawsuit showed that women comprised nearly 70% of hourly employees, but only 33% of management positions (Hymowitz, 2011). The overwhelming disparities between men and women in management relative to the proportion of those in hourly posi tions further cements the continual existence ... ...three research paradigms. Psychological Bulletin, 137(4), 616-642. doi:10.1037/a0023557 Lichenstein, N. (2011) Wal-Martââ¬â¢s Authoritarian Culture. New York Times Lichenstein, N. (2007) Why Working at Walmart is Different Connecticut Law Review, Volume 39 Number 4, May 2007 Powell, G., Butterfield, D., and Bartol, K. (2008). Leader evaluations: A new female advantage? Gender in Management: An International Journal, 23, 156-174. Rosette, A., & Tost, L. (2010). Agentic women and communal leadership: How role prescriptions confer advantage to top women leaders. Journal of Applied Psychology, 95(2), 221-235. doi:10.1037/a0018204 Wal-Mart Class Website. (2011). ââ¬Å"Declaration Summariesâ⬠. Retrieved from 22 Nov 2011 The official site for the women in the class action Dukes v. Wal-Mart Stores, Inc. Gender Discrimination at Walmart Essay -- Walmart Sex Discrimination Walmart, the worldââ¬â¢s largest retailer and private employer, has established a highly profitable business centered on a low-cost strategy that utilizes logistical efficiencies to create a competitive advantage. Yet, to maintain this low-cost strategy, Walmart has engaged in ethically questionable practices, including gender discrimination in promotion and pay. While the Supreme Court recently ruled against class certification of 1.5 million women in the Dukes v. Walmart case due to a lack of proof that Walmart operated under a ââ¬Å"general policy of discriminationâ⬠, overwhelming evidence demonstrates that gender discrimination is a persistent problem rooted in the culture of Walmart, despite gender-neutral policies (Biskupic, 2011). During the 1950ââ¬â¢s and 60ââ¬â¢s in northwest Arkansas, a surplus of unskilled labor existed due to ââ¬Å"increasing mechanization of agricultural workâ⬠. Leveraging this pent up demand for employment, Sam Walton, the founder of Walmart, provided these agricultural men with prideful responsibilities as managers of his retail stores, while employing their wives and daughters as low wage clerks (Lichenstein, 2011). Forty to fifty years later, in an economy sagged by high unemployment, particularly among an unskilled, low educated workforce, the practice of promoting men to run stores while women are forced to settle for low wage labor remains prevalent at Walmart. In fact, statistical analysis from plaintiffs in the 2001 Dukes v. Walmart lawsuit showed that women comprised nearly 70% of hourly employees, but only 33% of management positions (Hymowitz, 2011). The overwhelming disparities between men and women in management relative to the proportion of those in hourly posi tions further cements the continual existence ... ...three research paradigms. Psychological Bulletin, 137(4), 616-642. doi:10.1037/a0023557 Lichenstein, N. (2011) Wal-Martââ¬â¢s Authoritarian Culture. New York Times Lichenstein, N. (2007) Why Working at Walmart is Different Connecticut Law Review, Volume 39 Number 4, May 2007 Powell, G., Butterfield, D., and Bartol, K. (2008). Leader evaluations: A new female advantage? Gender in Management: An International Journal, 23, 156-174. Rosette, A., & Tost, L. (2010). Agentic women and communal leadership: How role prescriptions confer advantage to top women leaders. Journal of Applied Psychology, 95(2), 221-235. doi:10.1037/a0018204 Wal-Mart Class Website. (2011). ââ¬Å"Declaration Summariesâ⬠. Retrieved from 22 Nov 2011 The official site for the women in the class action Dukes v. Wal-Mart Stores, Inc.
Friday, January 17, 2020
Whole Foods Market Case Analysis
Whole Foods Market has received recognition as recent as January 27th 2011 when CNBC aired Supermarkets Inc: Inside a 500 Billion Money Machine. ââ¬Å"Whole Foods is arguably the most influential, and by some measures, the most successful supermarket chain in the world. The specialty gourmet store has grown into a Fortune-300 company offering specialty foods and locally grown organic produce. â⬠CNBC goes on to state that even ââ¬Å"Established brands like Safeway, Giant Eagle and Kroger are cultural icons as familiar as our own street names, but they are under constant attack from brilliant upstarts like Whole Foodsâ⬠¦1â⬠From the general supermarket industry Whole Foods Market breaks down into even a smaller specific industry which is the natural and organic foods industry. This industry focused on proving customers with natural foods which is defined as ââ¬Å"foods that are minimally processed, largely or complexly free of artificial ingredients, preservatives and other non natural occurring ingredients; and near to their whole, natural state as possible. 7. â⬠Also ââ¬Å"organic foods were a special subset of the natural foods category; to be labeled as organic, foods had to be grown and processed without the use of pesticides, antibiotics, hormones, synthetic chemicals, artificial fertilizers, preservatives, dyes or additives or generic engenerring. â⬠Also from the text book CEO John Mackey believes Whole Foods Market has been highly selective for finding the highest quality, least processed, most favorable and naturally preserved foods available. Whole Foods Market is an industry leader in natural and organic food retailing. The five forces model of competition, in written form, is provided as a key analytical tool to better understand the overall attractiveness of the industry. Rivalry among competing sellers is certainly strong and is expected to become stronger as more grocery retailers compete for loyal customers who desire the healthiest foods. The threat of substituteââ¬â¢s products is very high from other grocery retailers. For example, Publix has branded its own natural/organics products line named Green Wise and even a few stores that have a majority of its products natural/ organic. The restaurant industry should be considered but it is a very low threat because there are very few restaurants that are only dedicated to natural/organic products. The threat of new entrants entering the industry is fairly low. This is simply because grocery retailers have already got into the market to insure they would get their share. The bargaining power of suppliers is a medium level threat to the industry because industry members are competing for products to put on their shelves from the same suppliers. The bargaining power of buyers is definitely low because conventional retailers set the price consumers must pay to obtain the goods they want. Because of these threat levels the overall attractiveness of the industry high. Consumers are becoming more conscious of the foods they are eating and will continue buying natural and organic foods. There have been many main events and performance indicators that have occurred with Whole Foods Market recently, as stated in the Epilogue to January 2009 ââ¬Å" Whole Foods Market planned on opening 15 stores , have annual sales of about 8. 3 billion, have capital expenditures of $400 to $450 million, and incur annual interest costs of $35 to $40 million. â⬠The main elements of Whole Foods Market strategy are providing customers with the highest quality natural/organic products. Whole Foods Market has a strong growth strategy because they have 66 store in the stages of development and have future plan of acquiring more stores to expand their company further down the road. This growth strategy has helped them achieve their financial goals. Whole Foods Market can be assessed by using a simple SWOT analysis. This assessment will begin by examining the internal strengths and weaknesses. Internal strengths Whole Foods Market has two narrow markets that it serves, organic differentiation is the key-stone of whole foods mission, this means Whole Foods Market uses a focus differentiation strategy, highest quality brand reputation, dedication to the social ethics of organics, industry best customer service strong supply chain, and developing a private label of organics. Whole Foods Market has had experience in the natural/organic retailing industry since 1980. For the past 30+ years they have built over 300 large customized stores in North America and also in the United Kingdom. Whole Foods Market is known to provide the highest quality of products. Weaknesses of Whole Foods Market include the high prices for their products; this is a direct result of the companyââ¬â¢s focus on their availability of the finest products. The majority of Whole Foods Market inventory consists of perishable items. This can sometimes pose problems because, produce, milk, eggs have a short shelf life, Produce especially needs constant maintenance to be graded as well as pulling the damaged or bruised produce off the sales floor. Working as a roduce clerk for several years I know the importance decreasing the cost of throw away products. It hurts the companyââ¬â¢s sales especially when you are dealing with pricy high quality natural and organic foods. Another weakness the Whole Foods Market faces is the high costs associated with expanding into different locations. The third part of SWOT is external opportunities that WFM faces in the industry. Over the past couple of decades more consumers have been becoming more health conscious and eating right. WFM can take advantage of this new outlook on the health food industry by acquiring new customers. Also, Whole Foods Market should spend more money on advertising to attract these health conscious customers. The final part of the SWOT analysis is the external threats that Whole Foods Market has to face. One of these threats is the increasing competition of already established grocery retailers. Itââ¬â¢s very easy for these competitors to add natural and organic foods into their inventory. Another threat to Whole Foods Market is that their growth relies on building new stores and acquisitions of existing favorable buildings. If Whole Foods Market does not succeed in acquiring these store then the dominating grocery retailers will take more market share and slow the companyââ¬â¢s growth. Evaluating Whole Foods Market using (S. W. O. T. ) analysis internally and externally helps you to develop an overall assessment of the companyââ¬â¢s current competitive situation. Whole Foods Market is in good standings with the competition they seem to have a business model that is working for them and may need to emphasis a bit more on advertising and attracting more health conscious people with pamphlets at gyms. The Internally the company looks great with not to much to worry about but externally they must act now before the Wal-Mart starts taking their profits as well as other grocery retailers. One of the Key Success Factors (KSFs) of Whole Foods Markets is that it has a strong brand name because the company is well known reputation and far superior up against its main competitors. When a consumer shops at Whole Foods Market they know they will be getting the best quality possible. Another thing that gives them a competitive advantage, is the strong network of suppliers. This KSF has been a focus of Whole Foods Market to purchase their products grown locally to their stores. Information from wholefoodsmarket. com shows that each store has their own definition of ââ¬Å"localâ⬠but the consumer just need to check with their particular store to find out where their quality goods are coming from. Another KSF is the access to locations rich in the target market. Whole Food Market has strived to establish stores in most metropolitan areas attracting more people. The Final KSF has been the companyââ¬â¢s effective marketing communication. There are many Key Success factors (KSF) when stacking Whole Foods Market up to the competition. It seeks out the finest natural and organic foods available, maintains the strictest quality standards in the industry, has an unshakeable commitment to sustainable agriculture, and the excitement and fun they bring to shopping for groceries, Whole Foods Market is permanently committed to buying from local farmers whose produce meet quality standards, particularly those who farm organically and are themselves dedicated to environmentally friendly, sustainable agriculture. Whole Foods Market is greatly increasing their efforts in this regard by further empowering their individual store and regional buyers to seek out locally grown produce. From Investor relations Whole Foods Market states ââ¬Å"Our success reaches far beyond the company by contributing to a higher quality of life. By offering the highest quality food available, we are helping to transform the diet of America, helping people live longer, healthier, more pleasurable lives while responding positively to the challenge of environmental sustainability. â⬠In Conclusion, Whole Foods Market is the leader in this niche market of natural/organic foods industry and is facing strong competition from the big superstores such as Wal-Mart, Costco and many other grocery retail chains. The company is in a position to change people lives forever and future generations as well. As many companies are doing now is finding their consumers and keeping those customers for life. Not just what they just spend at the register each time but what they may spend over each personââ¬â¢s life span and if you are eating healthier you will definitely live longer in return spending more money with Whole Foods Market. Works Cited http://www.wholefoodsmarket.com/products/locally-grown/ http://www.wholefoodsmarket.com/values/green-mission.php
Wednesday, January 8, 2020
Salary and Merit Pay Essay - 1846 Words
e- Compensation Viola Alston Dr. Jamie Brown HRM 520 Information Systems March 11, 2012 1. Assess the advantages and disadvantages of using a Web-based compensation tool verses a client-server based or stand-alone PC based system and then give your opinion on which system would provide the most value to an organizationââ¬â¢s stakeholders. Include three (3) facts to support your opinion. After assessing the advantages and disadvantages of using a Web-based compensation tool verses a client-server based, and a stand-alone PC system my results are as followed. In my opinion, a client- server would be the best system to use for an organization; verses the Web-based andâ⬠¦show more contentâ⬠¦Recognizing and rewarding high-performance is a key recommendation for any approach when managing any merit pay program (HRIS 2012). Merit pay is a compensation system where base pay increases and is determined by an individualââ¬â¢s performance. Using a merit pay plan is a good way for an organization to reward high performance is one benefit when using merit pay programs . The first step in implementing or improving a merit pay program is to have a solid performance management program, and this is another way a merit pay program is beneficial. Merit pay is a way to be successful and effectively implement merit pay with a uplift in salaries, and this is a third way using a merit pay program is beneficial to an organization. There are some drawbacks when using merit pay programs, such as paying some employees more than others. If you pay high-performing workers more than low- performing employees, the high- performers may stay, causing the low- performers to complain or leave the organization. A second drawback in using merit pay program is that employees become less motivated if not paid to their satisfaction. For example, if employees feel they should be making more money for their performance, this causes them to have low self esteem, and want to find employment at other organization. The last drawback associated withShow MoreRelatedLeveraging L abor Relations1366 Words à |à 6 Pagestowards the company (Hirsch, 2009). In the case of jobs in sales, companies usually provide very small fixed salaries, but increasing levels of commissions based on the sales volume of employees. This is intended to motivate sales people to sell more. In the case of this organization, the compensation practices strategy is very complex. The compensation strategy is a combination of fixed salary, bonuses, and other perks. 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