Friday, May 31, 2019
Essay --
In recent years, the word Media has become a controversial subject referable to the reputation that has been formed surrounding it. When defined, Media can refer to any form of mass communication, designed to convey information around the globe. However, due to the influential disposition of dole outing, large corporations such as the American broadcasting Corporation (ABC) manipulate reality in order to convey a specific ideology. Under current circumstances, mass-manipulation of such information can vastly impact the perception of the public on issues such as insurgency in the bosom East. An example of this doing is the aftermath of 9/11, the monumental act of aggression and revolt that took place on the morning of September 11th 2001 in New York City, NY. At 903 am United Flight 175, a Boeing 757, was flown into the South Tower of the World Trade Center. The aircraft entered the south face at floors 77-85, controlled by several men of nub Eastern ethnicity (Federal Bureau o f Investigation). In the wake of tragedy, the gap between religion and ethnicity was merged. All those of Middle Eastern ethnicity, or Islamic practice (collectively referred to as Muslims), were negatively isolated and integrated into the world of broadcasting. It took mere minutes for reports of the catastrophe to be broadcasted globally and mere days Muslims across the United States to become the central show of discrimination. The imagery, videos and language used to represent innocent civilians of the Middle East have been successful in generating a common sense of fear and uncertainty, in regards to what the approaching holds, across the country. Corporations such as the American Broadcasting Corporation (ABC) and the Cable News Network (CNN) devotedly b... ...hysteria affect (Kellner 45). Mass hysteria is defined to be a large population in which all members exhibit similar mental agitation. In reference to 9/11, employing the technique of hysteria was designed to acquire a fear that would have previously not existed, by promoting the viewers to make a connection between insurgency and average civilians in the Middle East.In conclusion, a large portion of the stigma we associate with Muslim Americans today can be accredited to the American National News, whom frequently broadcast biased material that conveys nefarious stereotypes and promotes negative attitudes. In order to reverse the false perception, and negative demeanor Americans carry in regards to Muslims, awareness must be raised about the manipulation techniques used by the mass media that influence the public opinion on the controversial subject of terrorism.
Thursday, May 30, 2019
Seamus Heaneys Poems Essay -- Seamus Heaney Poetry Poets Essays
Seamus Heaneys PoemsHeaney was born on April 13 1939. He was the eldest of nine children.In modern day society it is common to admit 2 or 3 children, and tohave eight or nine children is considered genuinely unusual. Heaney livedon the family farm, Mossbawn, about thirty miles northwest of Belfast,in County Derry. The bulk of UK residents live in urban areas, anda small minority live in rural areas. It used to be more popular inthe past to live in a rural area. People in rural areas live, and havelived, in a totally different culture to that of the people in urban,industrialized areas. Heaney is Irish, which is also another(prenominal) cultureto that of the English, today. The conflict in Northern Ireland isalmost always a backdrop to his work, stated or implicit.Heaneys Poems are based on real spiritedness experiences, which can be think to in only so many ways, because of the differences inlifestyle, culture etc. For example in Blackberry Picking, he istalking of filling berrie s as a boy, and then hoarding them until theyrot. This may imply that he went berry picking just for the fun of it,but today it is unusual for children to go berry picking, let alonewithout an adult. The adult would have known to store the berriesproperly, but in Heaneys day berry picking was a ritual for childrenonly.To my knowledge, the majority of Heaneys poems were written/published between 1960 and 1990, though many of the poems refer to hischildhood in the 1940s. Therefore, even though he is writing from achilds perspective, he has the soul of an adult. He is alsoable to recall events in more detail. Many of the poems I have readare about his parents or major events in his childhood, e.g.Foll... ...e poems are writtenspecifically about his childhood, and the third one links in. Theytell of his loss of innocence, The Early Purges tells us of his lossof sentimentality, loss of idealism as he grows up bloody pups,Blackberry Picking tells us of his loss of optimism and idealism each year I hoped knew they would notThe past is another country and they do things differently thereThis is a very true phrase. Heaneys has a very different past fromus. Therefore, his poems even though some have been written fairlyrecently, can only be related to in context. People living an urbanlife and childhood, would have very different views on life and death,than Heaney does in his poems. The past is certainly another country,they didnt have the technology that we have today. And foreigncountries also have different ways of living than we do.
Wednesday, May 29, 2019
Gillian Anderson :: essays research papers
Gillian Anderson has exceeded the point of recognition, and has become a role model for four-year-old and old alike. Her popularity has evolved over the years due in part for her notorious role as Special Agent Dana Scully, on the once cult nock television series The X-Files. With the show now entering its 7th season, presumed to be its last, the concern of the once apprehensive Gillian losing the role of Scully is no longer an aspect. The reputation of the guinea pig has brought the actress apperception, which has lead to her being featured on magazine covers, in books, on CDs, at conventions, in movies, and shes one of the most popular candidates for a website to be created about. Nonetheless, Gillian Anderson has gone from virtually unknown to known all over the world, and that itself is reason enough for her to be written, and read, for that matter, about. &9Gillian Leigh Anderson began her life in Cook County, Chicago on August 9, 1968. By the time she was only a mere 6 mont hs old, her and her family were residing in Puerto Rico. At the age of 1, she relocated once again, this time in London, England. At this point, it is safe to say that the Anderson family was somewhat nomadic. Now being an inhabitant of England, the family moved several more times. At the age of 5, Gillian was living in Crouch peculiarity in north London, where she attended her first school. By this time Gillian had spent most of her life in London but had picked up her parents American accent. Her classmates pester and taunted her, and she was bullied in the schoolyard. She immediately learned how to fight back, and she practiced her north London accent until it became impeccable enough to call her own. By the time Gillian was 11, with a colonised home life, lots of friends, and the memories of once being an outsider well behind her, her parents decided to move back to the United States. Gillian and her family relocated for the last time, in horrible Rapids, Michigan. &9Now bac k in the states, Gillians accent once again alienated her from the other children, but this time it was for obtaining a British, not American, accent. She had left(a) the exciting London behind and by contrast Grand Rapids hardly measured up. Grand Rapids is a sleepy prairie town, and the kids were totally out of it as off the beaten track(predicate) as she was concerned.
Comment Paper On Everything Th -- essays research papers
Everything That Rises Must ConvergeIn the story, &8220Everything That Rises Must Converge Flannery O&8217Conner uses a summate of devices to make an organized plot. Causality, repetition, and structure all contribute in making the plot interesting. The exposition consumes the beginning of the story. This is important because it gives the reader a better fellow feeling of the characters, and sets tones for causality. Being introduced first is Julian&8217s mother. Her attitude and actions are best described on page 207. It states, &8220 She sat forward and looked up and down the bus. It was half(prenominal) filled. Everybody was white. &8216I see we have the bus to ourselves. This allows the reader to assume that Julian&8217s mother is prejudice, and was most likely raised in that time era. A good example O&8217Conner uses to explain Julian is found on page 208. It states, &8220Most miraculous of all, instead of being blinded by eff for her as she was for him, he had cut himself e motionally free of her and could see her with complete objectivity. He was not dominated by his mother. It is safe to assume Julian is a depressed son, who is perturbed with his mother and her old ways of life. Complications begin to arise after the reader has a good feel on who the characters are, which then leads to the climax of the story. tenseness first arrives be...
Tuesday, May 28, 2019
The IMF and Emerging Markets Essay -- Investment Banking, Foreign Debt
In a staff paper published by the International financial Fund (Baig & Goldfajn, 1999), the vital question was it Asian Contagion fundamentals driven, or was it a case of irrational, herd mentality displayed by panic-stricken investors? was posed. The answer to which concerned the correlation among the involved countries fundamental figures, such as its current deficit account, and investors reactions and how the relationship evolved over time after the initial causes of the crisis became apparent. Both the IMF report and Krugman indentified many cures and preventative measures highlighting exchange rate policy, financial regulation, hot money and investor expectations as key areas for consideration. (Baig & Goldfajn, 1999)Inter-temporal trade, current account deficit, original sin and exchange rateKrugman (2011) identifies developing countries as prime investment targets due to their high development potential. For Thailand and Brazil this presented the opportunity of inter-temp oral trade advantages, where the developing countries offer high return on investment but lack the finance available to expand due to low national savings, and developed countries have the capital but lack the house servant opportunity, making it quite natural for such countries to run current account deficits and borrow from richer countries. A staff paper from the IMF stated this is what made Thailand & Brazil victims of their take in success. (Aghevli, 1999)Unfortunately, due to the high risk of emerging countries currencies being devalued or inflated lenders stipulate repayment to be in their own bullion shifting the risk onto the weaker economy. This presented them with the problem of original sin and made it difficult to honour repaymen... ...s New York.Yagci, Fahettin. (2001) choice of exchange rate regimes for developing countries. pdf The World rely Working paper series No. 16. Available at Accessed 26/01/2012BIBLIOGRAPHYCraig Burnside, Martin Eichenbaum, and Sergio Re belo (2008), Currency crisis models, New Palgrave Dictionary of Economics, 2nd edition.Crocket, A. (1994) Monetary Implications of Increased Capital Flows. In changing Capital MarketsImplications for Policy, Federal Reserve buzzword of KansasKrugman, P. & Maurice O. (2004) International Economics Theory and Policy. 6th edition. Delhi, India Pearson EducationStiglitz, J. (1996). Some Lessons from the East Asian Miracle. The World Bank Research Observer.Tiwari, R. (2003). Post-crisis Exchange Rate Regimes in Southeast Asia. Seminar Paper, University of Hamburg.
The IMF and Emerging Markets Essay -- Investment Banking, Foreign Debt
In a staff constitution published by the International Monetary Fund (Baig & Goldfajn, 1999), the merry question was it Asian Contagion natives driven, or was it a case of irrational, herd mentality displayed by panic-stricken investors? was posed. The answer to which concerned the correlation between the involved countries fundamental figures, such as its current deficit account, and investors reactions and how the relationship evolved over time after the initial causes of the crisis became apparent. Both the IMF report and Krugman indentified numerous cures and preventative measures spotlight exchange rate policy, financial regulation, hot money and investor expectations as key areas for consideration. (Baig & Goldfajn, 1999)Inter-temporal trade, current account deficit, original sin and exchange rateKrugman (2011) identifies developing countries as prime investment targets referable to their high development potential. For Thailand and Brazil this presented the opportunity of inter-temporal trade advantages, where the developing countries offer high return on investment simply lack the finance available to expand due to low national savings, and developed countries have the capital but lack the domestic opportunity, making it instead natural for such countries to run current account deficits and borrow from richer countries. A staff paper from the IMF stated this is what made Thailand & Brazil victims of their own success. (Aghevli, 1999)Unfortunately, due to the high try of emerging countries currencies being devalued or inflated lenders stipulate repayment to be in their own currency shifting the risk onto the weaker economy. This presented them with the problem of original sin and made it difficult to honour repaymen... ...s New York.Yagci, Fahettin. (2001) choice of exchange rate regimes for developing countries. pdf The World Bank Working paper series No. 16. Available at Accessed 26/01/2012BIBLIOGRAPHYCraig Burnside, Martin Eichenbaum, and Se rgio Rebelo (2008), Currency crisis models, New Palgrave Dictionary of Economics, 2nd edition.Crocket, A. (1994) Monetary Implications of Increased Capital Flows. In Changing Capital MarketsImplications for Policy, federal official Reserve Bank of KansasKrugman, P. & Maurice O. (2004) International Economics Theory and Policy. 6th edition. Delhi, India Pearson EducationStiglitz, J. (1996). Some Lessons from the East Asian Miracle. The World Bank Research Observer.Tiwari, R. (2003). Post-crisis swop Rate Regimes in Southeast Asia. Seminar Paper, University of Hamburg.
Monday, May 27, 2019
Human Resources Outsourcing Essay
I. TopicIn todays fierce competition in business, corporations need to generate more tax income creatively while keeping cost of sales at minimum level without scarifying efforts. Michael Porter refers this online competition as hyper competition, which he thinks it outmatch notices the intense sproutment of business today. Amidst highly demanding consumers, companies spawn new methods and uncharted techniques to gain the lead within their industries.Concerning the need to reduce costs, enterprises strive for finding the cleanse(p) methods to increase revenue while keeping costs as low as possible. While the technology advancement can help enterprises to reach scrimping of scale, outsourcing of employees (human resources) can be the attractive savior for them to keep their fixed costs, which contributed by cost of employees and researches to name a few, to reach minimum level.M either believed that outsourcing is a uncovering that will adjust the way corporations manage their human resources in the future although some may put up problems in variantiating outsourcing with employer-vendor relationship, but the bottom line is outsourcing involves a degree of two-way relationship, including information exchange and coordination. In addition, there are also those who reveal the economic threats that come along with the outsourcing method.Outsourcing is an activity to transfer vivacious business function to external provider that includes delegating the functions of relevant physical and human assets toward external providers. While outsourcing provides attractive benefits for employers, they should consider many potential drawbacks including the different culture amidst employers and the outsourced personnel.II. Statement of the ProblemOutsourcing involves transferring substantial amount of management control and decision making to the chosen outsourcing provider. Fortunately, in the Internet era where any documentations process is exchangeable over th e Internet and jobs can be argueed via e-mail or instant messaging, outsourcing-typed employment model have proved to promote significant savings. According to McKinsey & Co, Internet-enabled services (ITES) market is likely to touch $142 billion in 2009. There would be a net saving about $390 billion from current $532 billion for these services (Kurian, 2003). U.S. can fulfill the net saving through off shoring to different countries, like India.Dookril (2004), in general, says there are two main advantages that companies obtain by outsourcing Focusing on Core CompetenciesThis is the most common reason to outsource in which the company can focus and develop its core competences although some companies also outsource their core functions in order to gain better rivalrous advantages in the market they serve. Lowering CostAt a glance, outsourcing can help companies to cut additional cost associated with the employee cost like medical and travel allowance since the companies only pa y in bulks to the provider of outsourcing staffs. In this situation, the company can shift the variable costs of employees into fixed costs, which in turn, enable the company to manage its cost of sales and offer competitive price to customers.However, outsourcing might also poses disadvantages since the inclusion of external parties in efforts of achieving corporate goal. The common problems in outsourcing areUncertainty of Product or Service partMedia and companies, which has used outsourcing, reveals the discouraging facts that sometimes outsourcing leads to worse services or products as the outsourced functions also reach core functions like sales and customer service.SecurityBecause the outsourcing provider has access to certain corporate functions, documents, database, and other resources it raises concerns about the security of corporate confidential information.Concerning the benefits and drawbacks of outsourcing method in human resource management (HRM) discussion, as ment ioned above, thus the research statement or question for this research isAs corporations realize the benefits of outsourcing, what are some of the barriers that HR outsourcing creates between employee and employers that may widen the gap between tem and result in the unachieved target?I choose this research statement or question since it may be different from others who only focus on the benefits of outsourcing. Instead of discussing the partial discussion on outsourcing issues, I decide to discuss the potential clashes caused by outsourcing since according to Michel Janssen, founder and President of Everest Group, there is possibility that outsourcing have closed relation to the loss of jobs in the US.III. SubquestionsConcerning the elaboration of outsourcing, this paper will discuss three main research questions as following1. This paper intends to discuss how successful is human resource outsourcing and what factors and initiatives that best take advantages of outsourcing that c ontribute to the success?2. Using the non-participant observation method, collecting data and analyzing qualitative information from journal, books, magazine and other online materials, this paper aims at elaborating the effects does HR outsourcing have on employees benefits and services?3. In addition, the paper aims at formulating and suggesting the areas of human resources need outsourcing in order to describe the future for HR outsourcingBy using the three research questions as mentioned above, this paper hopes that in the end, there are particular stances towards outsourcing issues in order to better manage human resources of a company.
Sunday, May 26, 2019
Sexual Ethics Essay
1. There are a number of dilemmas in cozy ethics such as homo versedity, marriage and divorce and pornography. For instance homosexuality is a major problem within sexual ethics because homosexual sex cannot lead to reproduction. However sexual ethic it differs between denominations compared to government law. Therefore these issues are a c formerlyrn to religious belief contrasting faiths admit different view on homosexuality or marriage and divorce.Many religious beliefs do not encourage homosexuality in f portrayal it is severely discouraged for practice in the Islamic faith they do not allow this because on that point is no doubt that in Islam homosexuality is considered foul. Homosexuality as far as Islam is concerned is a profound mistake (as are all sins if they are not intending to do wrong). For instance a quote from the Quran says What Of all creatures do ye suffer unto the staminates, and leave the wives your Lord created for you? Nay, but ye are forward folk. Qu ran 26165.The references relate to gay sexual activities lesbian practices are not mentioned in the Quran, neither is it mentioned in the bible. Christians are divided over the issue of homosexuality. Due to raw(a) law homosexual sex cannot lead to reproduction therefore the marriage would be considered invalid, besides then a marriage between an older couple or couples who infertile would also be invalid, therefore all homosexual acts and kinds are sinful so many opine homosexuality is contrary to Gods will.However the Roman Catholic Church teaches that homosexual should be treated with respect, compassion and aesthesia and no discrimination, they believe the feeling arent wrong but the actions are sinful because they contrary to the will of God. The scriptures of the bible suggest that the nevertheless sexual relationship that God approves of is one between married heterosexual eccentricners. The creation narrative describe woman as being created especially for man a right -hand suitable for him (genesis 218). The Old Testament said If a man lies with a man as one does with a woman, both of them have through what is detestable.They must be put to death (Leviticus 2013) however there is still no mention on lesbian practices. Marriage is an important part of the Christian life a the purpose of Christian marriage is faithfulness to one another, many Christians teach than within marriage there is a natural hierarchy that reflects the relationship of Christ and the church. The Roman Catholic Church says wives, in the same panache be submissive to your husband Husband, in the same way be considerate as you live with your wives, and treat them with respect (1 peter 31, 7).Whereas the Church of England argues that the relationship is based upon Christs headship over the church and is about love and sacrifice, not domination and power. This argument originally started as the bible said a man will leave his father and pay off and be united to his wife and th ey will become one flesh (genesis 224). On the other hand, in the Islamic faith marriage is only a way to make sex and having children legal and lawful, the belief also states in the eyes of Allah both members of the relationship are treated equally notwithstanding though they have go bad duties. Whereas the Christian views on divorce are that marriage is for life.People take vows for better or worse so if they meant that then there should be no divorce. For instance the Roman Catholic Church believe there shouldnt be any divorce unless the marriage has not been carry out or they are willing to get a divorce with the permission from the pope. Whereas the Church of England except divorce but some more tralatitious vicars shamt allowed divorces to remarry in church, the bible believes divorce is not favoured by God Therefore what God has joined together, let man not separate (Matthew 196) which means God joins them so the law cannot separate them.Even Jesus forbids divorce Anyone who divorces his wife and marries another woman commits adultery. And if she divorces her husband and marries another man, she commits adultery (Mark 1011-12) However in Matthews gospel it say anyone who divorces his wife, except for marital unfaithfulness, and marries another woman commits adultery (Matthew 199). Alternatively divorce in Islam is only when the male partner says Talaq 3 times can divorce the couple, however this banned in some countries which results in going to arbitration council and judicial intervention before the divorce is granted. . Due to the loss of faith in many denomination and cultures today, we as people no longer look to religion to guide our sexual ethics as we once did. It is no longer relevant because many people believe that anymore should be able to marry anyone they exigency, for example same-sex partners. The contestation is still being waged between the church and government to offer this union. Many people believe if two people are happy t ogether and want to join themselves in holy matrimony, then they should be allowed.Marriage has also undergone many changes as people are less likely to have a traditional wedding instead they are more likely to enjoy extended co-habitation. Also the concept of marriage has change because it is more of a legal act rather than a declaration of love to God. Whereas divorce is seen by the eyes of most people is all about the law rather than church. Church seems to have very little authority when a marriage has got to the divorce stage.A minority of people do still take guidance from the church and believe the once they have entered into holy matrimony then it is for life just as God ordained. In conclusion, like most of the civilised world I believe that the religious beliefs about sexual ethics are no longer relevant because civilisation has changed so much and people are willing to experience all that was once considered taboo by the church and are willing to open their mind about t he change in religious beliefs and sexual ethics.
Saturday, May 25, 2019
Johnson and Johnson
TERM PAPER For STRATEGIC OPERATION MANAGEMENT Submitted by ANALIZA T. CEDILLO BSBA 4-1 (OM) Submitted To Prof Avila JOHNSON & JOHNSON COMPANY INTRODUCTION * The smart set supports the United Nations Millennium Development Goals to improve the health of mothers and children in developing countries. As a founding sponsor, Johnson & Johnson helps launch the United States first free erratic health service, providing health information via text messages for Pregnant women and peeled mothers. * They are the pieces sixth-largest consumer health company There are the worlds largest and most diverse medical devices and Diagnostics family. * They are the worlds fifth-largest biologics company. * And the worlds eighth-largest pharmaceuticals company * Johnson & Johnson was a biggest company that caring the world and abide strength they consistent approaching and to managingthey Business. * They have more than 250 operating companies in 60 countries employing approximately 129,000 people. Our worldwide. * Johnson&Johnson Family of Companies work with partners in health care to touch the lives of over a billion people every day, throughout the world.HISTORY Johnson & Johnson,126 long epoch more than a century caring. Its start on 1886 with the cardinal brothers, Robert timberland Johnson, pack Wood Johnson and Edward Mead Johnson, found Johnson&Johnson in New Brunswick, New Jersey, U. S. 1901, is a Part of its cargo to first aid, Johnson&Johnson publishes the first Aid Manuals, using proven best practices from leading physicians. 1910, James Wood Johnson takes over the leadership of Johnson&Johnson until 1932. The first overseas operating company opens in the United Kingdom was on 1924. And they expand to Mexico and South Africa.On 1932, Robert Wood Johnson II. He begins leadership of Johnson&Johnson. Known as public Johnson, he transforms the familiarity into a global decentralized Family of Companies. 1963-1973, Under Chairman and CEO Philip B. Hofmanns lead ership, operating companies launch unused treatments for schizophrenia, family planning and personal care. Also, 1963 marks the last year that JOHNSONS Baby Powder is sold in tins. They announce plans to build our new World Headquarters in New Brunswick, New Jersey, and form a public-private partnership to revitalize the city. 2002, William C.Weldon becomes Chairman and CEO of Johnson&Johnson, only the eighth person to lead the Company since its founding. Under his leadership, the Company enters new therapeutic areas such as HIV/AIDS, and health and wellness. 2011, They celebrates 125 years of caring and looks to the next 125 years of transforming care for patients, consumers and communities around the world. In the year of 2012, Alex Gorsky is appointed Chief Executive Officer of Johnson&Johnson. As only the seventh CEO in our history, he continues a legacy of leadership. Company OverviewJohnson & Johnsons commitment to innovative health care products has resulted in consistent fi nancial performance. The Company has 29 consecutive years of adjusted earnings increases and 50 consecutive years of dividend increases. Johnson Johnson, through its family of companies, employs approximately 129,000 people worldwide and is engaged in the manufacture and sale of a broad range of products in the health care celestial sphere in many countries of the world. Johnson Johnsons primary interest, both historically and currently, has been in products related to health and well-being.Johnson & Johnson was organized in the State of New Jersey in 1886. Johnson & Johnson is organized on the principles of decentralized management. The Executive Committee of Johnson & Johnson is the principal management group responsible for the strategic operations and allocation of resources of the Johnson & Johnson family of companies. Johnson & Johnsons operating companies are organized into three condescension segments Consumer, Pharmaceutical and Medical Devices and Diagnostics.A Group Operating Committee, composed of managers who represent key operations within the segment, as well as management in specialized functional departments, oversees and coordinates the activities of domestic and internationalistic companies related to each of the business segments. However, in line with the principle of decentralized management, senior management groups at U. S. and international operating companies are each responsible for their own strategic plans, as well as the day-to-day operations of those companies, and each international company is, with roughly exceptions, managed by citizens of the country where it is located.HR/MANAGEMENT Johnson Johnson Strategic Framework They believe that in serving. those who sell their product, they serve himself. Foundation The Strategic Framework starts with Credo, the guide to help travel way through challenges and opportunities. From Credo, there Aspiration emerges by caring, one person at a time they are help billions of people around the world live longer, healthier and happier lives. Strategic Planning/Principles From the foundation they build a comical kind of a set.They based on a health care, world-class they focus on managing for the long term. Second they operate under a decentralized management approach. And then do all this through a unique culture that determine and fosters the development of people. Executive management of Johnson Johnson, with the support and approval of the Board of Directors, has set the fundamental strategic direction of the Company to remain a broadly-based human health care company for the consumer, pharmaceutical and medical device and diagnostics markets.Strategic planning is guided by the ethical principles embodied in Our Credo, consolidative our people worldwide behind a set of common values and providing a constant reminder of the Companys responsibilities to all of its constituents. With over 250 operating companies located in 60 countries throughout the world , Johnson & Johnson is organized on the principle of decentralized management. Each international company is, with some exceptions, managed by citizens of the country where it is located. Senior management groups at U. S. nd international operating companies are each responsible for their own strategic plans. On an on-going basis throughout the year, at meetings of the Board and Committees of the Board, management of the Company and Board members discuss the strategic direction and major developments of the Companys various businesses. The process is an interactive/on-going dialogue which provides the Directors with insight into the activities and direction of the Companys businesses. Accounting/Finance Department embodied Governance The values embodied in the Credo guide the actions of the people of theJohnson & Johnson Family of Companies at all levels and in all parts of the world. They have done so for more than 60 years. These Credo values extend to our accounting and financial reporting responsibilities. Management is responsible for timely, accurate, reliable and objective financial statements and related information. much(prenominal) as * Maintain a well-designed governance of internal accounting controls. * Encourage strong and effective corporate governance from our Board of Directors. * Continuously review our business results and strategic choices. Focus on financial stewardship. Accounting Controls The professionally trained internal auditors travel worldwide to monitor system of internal accounting controls. This system is designed to provide reasonable assurance that assets are safeguarded and that transactions and events are recorded properly. The internal controls include self-assessments and internal and external audit reviews of operating companies, which concludes Managements get over on Internal Control over Financial Reporting, printed in Annual Report.Johnson&Johnson is guided by the values set forth in Credo, created by General Rober t Wood Johnson in 1943. Credo and the principles have been woven into the fabric of the Company. The values articulated of Credo extend to accounting and financial responsibilities to Johnson&Johnson shareholders and investors. The Johnson & Johnson SWOT Strengths * Worldwide gross sales have grown 14% indicating a strong position for the global group. * The business model adapted by Johnson and Johnson fundamentally uses the adaptation of entrepreneurial values in order to retain an edge within the market grade. Working with intensive scientific notions Johnson and Johnson utilize a varied expanse of problem result techniques in order to challenge the standard practice and capitalize on growth through emerging markets which enables associated growth. * The use of independent offices working as standalone units provides the fortune to develop concepts with cultural considerations which can prove important when taking a product to global markets. Weaknesses There is increasing pr essure within pharmaceutical markets to subvert prices in line with medical budgets and maintain patent expirations to ensure generic wine programmers are updated within critical path movements. * Challenges have been faced within Johnson and Johnson where a reduction in the market demand for key products has been identified some of these products were branded and have been replaced by generic programmers at the end of patent time lines. * Internal weakness across the industry and not isolated to Johnson and Johnson would be the level of theft and counterfeiting of drugs managed through internal personnel.Opportunity * Whilst the recent acquisition of Pfizer Consumer Healthcare pull up stakes act as an opportunity in its own right to promote growth for the organization through alternative routes there is the added value capitalized through the lessen on investment which will be realized 12 months before plan releasing funds back into the bottom line. * Johnson and Johnson have h ighlighted new developments in pharmacy products with five undergoing regulatory review which provides the opportunity to grow the existing product portfolio. Development into new functions of medical devices and diagnostics will provide new markets to entry which will result in business growth. * With the development of WTO rules to prevent the availability of cheap generic drugs there is the opportunity to reduce the level of garbled profit due to generic introduction as patents run out. Whilst this will aid Johnson and Johnson where they own the brand where they are looking to capitalize on introducing generic drugs to market this ruling will become a hindrance. Threats Generally within the main pharmaceutical companies there is a high level of competition for the generics markets where patents make out and it is the first to entry where success will generally be determined. * Technological developments with bio-tech concepts will potentially move the traditional pharmaceutical methods out of the market place in the long term although there is an economical argument that this form of development can be segregated to run alongside traditional methods and attendant as opposed to replace.
Friday, May 24, 2019
Against Media Censorship Essay
* On television, music, and most websites, they inform the user about the contents of their website, song, or show but others (like YouTube) put on age restrictions on them. * Im sure most of you pee-pee had to go through these at some point in your life and have gotten upset when you masst hear the whole song or watch the whole photographic film. * Id like to explain to you all how Media security review is in direct violation of the First Amendment and how it can make it harder for kids to learn about certain aspects of life.* The First Amendment is one of our most important Amendments because it allows us, the citizens of the United States, to intercommunicate our minds about anything without legal government penalty. * Freedom of speech is no longer considered important to the government. People should be able to express themselves, whether its through music, movies, or anything, but instead they have to bleep the cuss for their song to go on the radio and block the inappropr iate parts on a movie which can possibly cause a loss in entertainment or power in the message * The morals of people that have been private information from and the morals of the people who havent been hidden from be completely different. If certain things are hidden from people, then that gives people a remainder in the subject and may cause people the use of illegal actions to obtain it.* Education isnt something for kids need to be illegaliseed from. * People are curious about life and feel they need to learn more about it, if everything was censored then this can cause parents to be in uncomfortable situations and cause kids to ask more questions. * The government shouldnt have to tell people what they can and cant watch or listen to this should be up to the person or the parents of that particular person. * The FCC (Federal Communications Commission) monitors every radio station, Television broadcast, and music broadcast to make sure that nothing inappropriate is give ton gue to on the broadcast that they think may ruin the mind of the listeners.* Most music is censored while there are few artists that refuse to censor their music, and nearly all movies are also censored. * The First Amendment states that you have a freedom of speech and the FCC shouldnt be able to take that away. People can be better educated on topics if nothing is censored. * The sound of music and the graphics of movies are some things you all would most likely want to keep. * In conclusion, The media should not be censored and should not be allowed to be censored.
Thursday, May 23, 2019
US Bank Corp. Analysis
The 2 Institutions chosen or comparison atomic number 18 Wells Fargo (WFM) and slang of the States (BACK). To evaluate the overall strength the major additions, liabilities, capital, run a risk, liquidity and operating decisions of the triplet chosen institutions will be discussed. Balance Sheet Analysis Out of the three banks US bank is the smallest in regards to assets with coast of the States being the largest followed by Wells Fargo. When comparing occur assets to total liabilities USB finds itself in the weakest arrangement having a total debt to total assets ratio of 0. 11 . Commercial banks are known to leverage themselves highly and leverage Is normal in the Industry.However In comparison to BACHS ratio of 1 . 124 and Wifes ratio of 0. 89 this relatively high leverage Is a cause for concern. Federal Deposit Insurance Corp Chairman Sheila Fair has advocated for the US Bank to reduce their leverage to half believing that their financial position poses too great a risk. The application averages for long term debt to blondness and total debt to equity ratios are 64. 36 and 177. 19 respectively. In respect to this, US Bank finds itself taking the middle ground between Wells Fargo and Bank of America. Wells Fargo seems to be In equity ratio of 84. 6, wholesome below the industry average. The most indebted institution would be Bank of America whos ratios of 120. 09 and 249. 67 are well above the industry average. US Bank in comparison has a long term debt to equity ratio of 67. 93 which is right around the industry average while their total debt to equity is remote below it at 139. 98. Despite being in good position relative to the industry and the two chosen similar financial institutions in these metrics, this indicator should be held with skepticism as many believe that all mercantile banking institutions are unreasonably leveraged.One of the reasons for US Banks highly leveraged position ay lay in the managements decision to film more banks t hrough IBID-assisted deals. It is stated that, In total, the firm has acquired $35 billion of banking assets through these deals at minimal costs. Though these deals have been stated to be not signifi washbowlt enough to pose such a threat. They are still campaigning to acquire even more assets. Assets all(a) three companies have authentic estate loans as their largest asset category. This includes residential loans, commercial real estate, and other loans secured by farmland.These loans can be considered safe as they are secured with liens on the reporter however they are illiquid and would be considered a long term asset. Wells Fargo has the largest amount of real estate loans as a percentage of their assets at 35. 81%, followed by US Banks 32. 18% and finally Bank of Americas far smaller 20. 97%. All the banks second largest assets are debt securities over one year and they all have similar sizes as percentage of total assets. Commercial and industrials are the third largest as set for Wells Fargo and US Bank and they hold similar sizes as percentage of assets.Bank of Americas third largest asset however is trading assets which should be more marketable. Much of the securities held by US Bank are not held for sale which makes them susceptible to interest judge risk. It is unclear how much of the banks loans use a floating interest rate but we can assume which would better help determine the risks involved. With US Banks fairly high percentage of real estate loans and commercial and industrial loans which are usually long term these risks to the bank are significant. The largest liability for the three financial institutions are interest bearing deposits.Wells Fargo holds the largest counterbalance at 50. 14% followed by US Bank at 47. 70% and then Bank of America at 32. 0%. US Bank holds and Wells Fargo have similar pro plentys of this liability. while these liabilities accrue interest the banks do have to expect frequent cash outflows from this. The th ree banks third largest liabilities are interested-bearing deposits with US Bank having the largest proportion of 23. 36%, followed by Wells Fargo at 21. 93% and Bank of America at 18. 97%. These proportions seems relatively similar to from each one other but with US Banks higher proportion they should be weary.These interested bearing accounts are likely to be checking outs and while they do not accrue interest you can expect frequent editorials from customers which should go on them weary of loaning out too much money. Finally all three banks have listed other borrowed money as their third capitalized leases. Bank of America has the largest proportion of 14. 24%. Next is US Bank with 13. 66% and then Wells Fargo with 9. 62%. These proportions also seem quite similar too each other. Interest Revenue, last Quarter US Bank largest source of revenue is on fully taxable income on loans and leases at 44%.This proportion is corresponding to Bank of America that accounts for 41% of thei r revenues. What is surprising is the large mount of revenue Wells Fargo receives from interest and fees on which accounts for 76% of their revenues. While US Bank except receives 42% of its income in the same category. Interested Revenue, Last Quarter The largest sources of interested income for the chosen financial institutions vary greatly which makes it difficult to compare US Banks position in comparison to the other financial institutions.The largest category listed in sources of interested income for US Bank was stated as unspecified at 18% and 19% for Wells Fargo. The largest source for Bank of America is investment banking fees and commissions. Expenses Last Quarter Largest Expenses US Bank amount % of expenses Interest on other borrowings & trade lab 987,000 2 Interest on time deposits Cash from operating activities has been steadily increasing which is a good sign but so is cash from pay activities which is much larger. As commercial bank it can be expected that they f inance their operation with a significantly large portion of debt. However in combination with their highly averaged position with their competitors this could be a cause for concern in their financial viability. Corporate Risk Profile As a party that operates in the financial services, U. S. Banks largest exposure of risk comes from credit risk, operational, residual value, interest rate, market, liquidity and reputation risk.U. S. Bank has spent many years working to consummate managing these risks. For credit risk, U. S. Bank has incorporated well-defined, centralized credit policies, uniform underwriting criteria, and ongoing risk monitoring and review processes for all commercial and consumer credit exposures (SEC. Gob). US Bank has developed a very strenuous and extensive procedure in order to evaluate the credit risk that it handles on a twenty-four hours to day basis. Another way US Bank manages its credit risk is through diversification of its loan portfolio and limit se tting by product type criteria and concentrations (SEC.Gob). US Bank divides its overall loan portfolio into three separate segments to, following the dont put all your eggs in the same basket theory. The three portions of the portfolio consist of commercial lending, consumer lending and covered loans. The risks associated with commercial lending include a rarity of factors including many risks associated with the borrowers business such as industry, geography, the loans purpose, how the borrower will repay, debt capacity among others.In order to prioritize these risks and keep them all organized, US Bank assigns risk ratings to these characteristics in attempt to create the ability to focus on specific risks depending on importance. As far as the consumer lending sector goes, this encompasses residential mortgages, credit card loans, and other retail loans such as revolving consumer lines, auto loans and leases, student loans, and home equity loans and lines (SEC. Gob). The risk c haracteristic of this section of the portfolio is focused on the borrower and their keenness to pay off the loan as well as prior repayment history.The 3rd portion of the loan portfolio is the covered loan segment. Before touching on the risk of this venture, it must first be noted that there are loss share-out agreements between US Bank and the IBID that ultimately reduce the risk of future credit losses to the company (SEC. Gob). The risks that are associated with covered loans are consistent with the segment they would other than be included in had the loss share coverage not been in place (SEC. Gob). Another important aspect of US Bank to purpose into account is the sub-prime lending side of the banking industry.
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