Credit rating agencies should be regulated more strictly to prevent Essay

Credit rating agencies should be regulated more strictly to prevent conflict of interest, but also should allow more new credit agencies to have more objective opinions - Essay Example They have helped financial market fairly well giving out expert opinions to public investors. However, duDuring the financial crisis, three big credit rating agencies, S&P, Moody’s, and Fitch were condemned for precipitating the crisis giving high credit rate to CDOs, which were defaulted. Since then, ratings of the agencies became controversial and financial regulators have sought to ways to impose more regulations on those ratings. Few agencies dominating the rating industry, they are holding too much power in rating market. This settlement allowed only few rates in financial market. If situation keep remain in the rating industry, more financial crisis will happen in near future. Thus, to avoid another critical situation, it is necessary to regulate credit rating agencies more strictly, but also necessary to broaden the market allowing more participants. In the beginning of the industry, credit agencies’ rates had positive impact on financial markets. At that time, many people who didn’t have financial knowledge had difficulties in choosing where to invest their money. The companies who solved the problems were credit rating agencies. They were consisted of financial experts and analyzed companies and gave easily understandable â€Å"ABC† rates. According to them, high credit rating which was closer to â€Å"As† rates indicates that the borrower has a low probability of defaulting on debt, and conversely low credit rating indicates that the borrower has a high probability of defaulting. Investors could get helped in deciding the companies to invest relying on those rates. Essentially, what they have done is facilitating investments by giving easily understandable reliable sources to judge risk of investments. These rates have had a huge impact on financial markets. Since credit agencies have developed and settled in the financial industry, a lot of investors

E-business Essay Example | Topics and Well Written Essays - 3000 words

E-business - Essay Example Benefits of Ebusiness to Organizations: Ebusiness expands the marketplace to not only national but also the international markets. It also decreases the cost of storing and retrieving paper-based information. This kind of business also reduces the time between the outlay of the capital and the receipt of products and services. Ebusiness also reduces the telecommunication costs as internet is relatively much cheaper than Value Added Networks. Organization to focus: The website on which we will focus in this report in Asus.com. Asus is one of the leading companies in the manufacture of notebooks, netbooks, motherboards, graphic cards, etc. Asus is regarded as the number one manufacture of mother boards in the world. They are believed to be blessed with one of the world’s best research and development team who believe in innovation of the product. Ebusiness Website: The ebusiness website of Asus is developed by one of the best people which mark the tradition of the company and pe ople can understand it through a look at that website. However, its ebusiness operations can be improved in various other ways. How to improve? There are numerous ways by which web analytic systems can be improved, and if the company knows what it is supposed to do, the web analytic systems are very useful. ... The profit margin and the overhead cannot be easily reported in most of the key analytic system, but the average sale price, conversion rate and the number of visitors who visit the website can be measured by the good key analytic systems. Improving Customer Satisfaction through ebusiness: The customer satisfaction can be improved through ebusiness using a number of factors that encourage long term relationships. Customer Relationship: Improving customer relationships is a very important factor of customer satisfaction. When dealing with customers, empathy is very important. A couple of factors by which this can be done are by addressing the customer by his name, knowing what was the product he purchased recently and offering new product according to his taste and preferences which makes him feel that the business has thought about his needs and makes him feel important. Asus.com should develop various service-quality and relationship-building initiatives which are designed specifica lly to give customers a reason to buy products from its firm and do frequent business with them. The business strategy of Customer Relationship Management should be given more attention by asus.com in order to optimize profitability. Service and Support: Different studies reveal that customers purchasing through the web usually find poor customer service and this becomes the reason they refrain from purchasing a product online. One of the main reasons of this is that when customers buy using internet, they serve themselves, but they do not really want to receive and lesser service than what they receive in the real world. The requirements of ebusiness are higher expectations for

Grammar Essay Example | Topics and Well Written Essays - 2500 words

Grammar - Essay Example Thus, the language particular-level provides us with the information about the distinctive characteristics of different categories used in English. This gives an opportunity to state that a word refers to a noun, verb, adjective, adverb, etc. For example, a verb has six grammatical categories: person, number, tense, aspect, voice and mood. It is the only part of speech that may change according to tense. As for the general level, it gives an opportunity to analyze two or more languages and find their common features. This helps to simplify the process of learning by the usage of the same terms. There are nouns, adjectives, verbs in all the languages. They just sound in different ways. For example, when there are pronouns in English, the same part of speech is called Pronomen in German. B) Should pronouns be treated as a subclass of nouns, or as a separate word class? Why? Pronouns should be treated as a separate word class. The main reason is that both these parts of speech have diff erent functions. A noun is applied in order to name substances and living beings. The same cannot be stated about pronouns. They do not name things, they only pointy out them. Moreover, English grammar would become more difficult if nouns and pronouns were the same part of speech. Thus, there are no special plural cases when we learn pronouns and the latter cannot be countable or uncountable. So, there is no need to change something in the traditional way to learn two separate parts of speech – nouns and pronouns. C) What are kernel clauses and what are the advantages of recognising the kernel vs non-kernel distinction? A kernel clause is a simple sentence that does not have any optional expression. It is indicative. This clause is unmarked in voice, mood, and polarity. It cannot be passive. For example: He threw a ball. Non-kernel clause is either negative or missing some element. Moreover, if there is an adjective, infinitive or gerund, it is also a non-kernel clause. For e xample: They saw him crossing the street. There is one major advantage of recognizing kernel and non-kernel clauses – this gives a significant simplification of grammar. D) Why is it important to systematically distinguish between grammatical class and grammatical function? Grammatical class is a grouping of words that are distinguished by common characteristics. For example, such words as dog, coat, man, and umbrella are nouns, because they name objects, have gender and number. They may have different grammatical function performed in a sentence. The latter helps to see the role of one and the same word in different contexts. That is why we should distinguish grammatical class and grammatical function. E) How does Huddleston's treatment of prepositions differ from that found in traditional grammars? What are the advantages (and disadvantages?) of Huddleston’s treatment? It is necessary to stress that Huddleston has another point of view upon prepositions. From his per spective, there are two types of propositions – they can refer either to coordinator or subordinator classes. That is why propositions are not secondary in English sentence; their function is very important. This part of speech often stands together with a verb – the principal member of a sentence. Moreover, proposition may function as one element in an utterance.

Microeconomics Principles Essay Example | Topics and Well Written Essays - 750 words

Microeconomics Principles - Essay Example Moreover, this paper will present real events in order to present the ideas in a way that is easy to understand. Gains from trade In a decision to get a haircut, Gains from trade can be understood through determination of the decision made by a consumer depending on the other services available. Therefore, a decision to have a haircut can result to consumers having their lives than they would if there was no trade. In this case, there is need to explore the simple example concerning a situation involving two service that are traded (Broadstock, 3). For instance, considering a situation where there are two service providers such as a barber and a tailor that are located in different location. Gain from trade can be effectively illustrated in a situation when each service provider can only offer one service only. In this case, the barber can only offer haircutting services, while the tailor can only offer dressmaking services. The gains from trade occur in a situation where the barber realizes that he or she needs some clothes and that would call for services from the tailor (Eicher, Mutti and Turnovsky, 1). On the other hand, the tailor can realize he needs a haircut and this would call for services from a barber. In fact, this is in a situation where the barber and tailor are able to gain from trading with each other (Broadstock, 4). On the other hand, there are situation where each of these service providers can offer both services; in this case, the tailor and barber have the skills to of hair cutting and dressmaking. Approaching this matter with another perspective, these service providers can collaborate and work together, thereby consuming similar amount of services without occurrence of trade. Opportunity cost This can be discussed in reflecting on same example used in the previous discussion. In this case, the barber and tailor had absolute advantage in the process of offering haircutting and dressmaking services to customers. However, the absolute advan tage forms a basis of understanding the opportunity cost, whereby this can assist in determining occurrence of the trade. Therefore, opportunity cost is regarded as the cost of forgoing a particular service or good in order to obtain something else (Broadstock, 6). For instance, the when a barber has the ability to offer dressmaking services, he can decide to forgo this making his own dress at a lower opportunity cost he can decide to seek services from a tailor. In fact, the concept of opportunity cost is significant in determination of the amount of benefits derived from trade existing between two service providers. In this case, this is an indication that situation where two service providers are facing similar opportunity cost, there are increased chances of gains from trade occurring. Opportunity costs increases in situations where the services or goods involved increases in terms of production (Merrewijk, 30). This is presented through a PPF (production possibility frontier), where an increase in the opportunity cost leads to bowing out of the PPF, thereby forming a circle shape. In situation where the opportunity cost are constant despite the services or goods produced, the PPF remains constant, thereby taking a straight line that is triangular. Decreasing opportunity cost is presented in a PPF by a subsequent decrease in the production of goods or services; in fact, this is depicted as PPF takes a bowed shape that resembles a crescent moon (Merrewijk, 30). Price elasticity of demand Understanding of price elasticity of demand can assist in evaluating the responsiveness of demand in terms of changes in prices for a given commodity, however, it is indispensable to recognize that in situation where

Philosophy - Aristotle vs Plato Essay Example | Topics and Well Written Essays - 1250 words

Philosophy - Aristotle vs Plato - Essay Example But essentially at a point their philosophies are almost the same because both them doubt the physical reality while their solutions for the believability of reality are different. Indeed Aristotle’s belief in reality emerges from the experimental proof. But Plato’s belief in reality is mostly contextual. For example, if it is believed by the most of the people, it is the reality for the time being. Even if one meets a more real thing, it will not be established by until others also feel in the same way as the person who has viewed the more real/realer. Therefore, Plato’s reality seems to be the norms followed by the most. Plato asserts that reality is essentially subjective and normative while Aristotle’s reality is objective and in order to earn the credibility, it needs to go through a set of experimental process. Indeed both Plato’s and Aristotle’s philosophies are complimentary to each other in the sense that the escaped prisoner discovers the reality through Aristotle’s experimental process that symbolically represents the prisoner’s attempt to escape from the cave, though in Plato’s allegory, the escapade of the prisoner happens accidentally, and the escaped prisoner must teach other prisoners in order to drive out the reality of the cave from their head, while establishing his own reality. In Plato’s Allegory of the Cave, the prisoners’ cognitive perception of the shadow reality can be considered as their knowledge of the Cave. That is, Plato knowledge is related to physicality, and reality is absolutely the Ideas that precedes reality. P lato’s theory of Ideas and knowledge suggests that â€Å"states of being are contingent upon the mingling of various Forms of existence, that knowledge is objective and thus clearly more real, and that only the processes of nature were valid entities† (Thomas 23). In this regard, Richard L. W. Clark says that in Plato’s hierarchical model of cognition, â€Å"empirical

Leadership Application Project Essay Example | Topics and Well Written Essays - 1000 words

Leadership Application Project - Essay Example Leadership By Example We have read or heard people who have etched their name in history books as a great leader of their time, whether in fame or notoriety. People like Moses in the Bible, Churchill and Hitler during the World War II or Obama and Bin Laden in the 21st century have captured the imagination of the world. They were leaders on their own right, whether chosen by their people or self proclaimed themselves. There are so many types of leadership: charismatic, participative, situational, transactional, transformational, quiet, and servant. What do these people have that they have so many followers? What are their traits? Do they have maxims they earnestly follow? For this project, we will try to look into the style of leadership which an individual can follow which will eventually make him/her a good leader. Firstly, let’s define what leadership is, according to Northouse (2007)â€Å"Leadership is a process by which a person influences others to accomplish an objecti ve and directs the organization in a way that makes it more cohesive and coherent† (p. 3) in simple term, it is a process whereby an individual influences a group of individuals to achieve a common goal or objective. There is a notion that leaders are born rather than made. On the contrary, leaders are made through knowledge and skills which is called â€Å"Process Leadership† by Jago, 1982. Jago added that we have traits that can influence our actions which he termed as â€Å"Trait Leadership†. When we are task to lead people, we will be confronted on how to strategize them to follow what we have initially planned, in order to achieve our goal. In this case, we choose the leadership by example because study shows this is what the great leaders demonstrated in achieving their objectives. As Mahatma Gandhi once said â€Å"You must be the change you wish to see in the world.† It is not from another person that we rely for an answer to our problem, it should come from us. No matter our position or role maybe we can take the initiative and make the decision to show the way for others. I would like to cite a simple case in a family. The father, usually the breadwinner, who will take care of the basic needs of the family, that is, food, shelter and clothing. If the father remiss his duty-bound responsibilities because of his irresponsible attitude and unsound decisions, he will not gain support worse respect from his children and spouse. The father should be a role model to his children by leading by example. By showing that you care for their well-being and have an open communication, these two traits alone will work effectively in the family. How do we correlate this in an organization or a big corporation? In a setting where a leader plays a vital role to accomplish an organization’s objectives, he/she should have the traits, skills and knowledge necessary to perform his/her assigned task effectively. A classic example of a perso n balancing family and corporate affairs effectively is psychologist Lily Kelly-Radford, a vice-president of the prominent nonprofit Center for Creative Leadership (CCL). As quoted by Deborah Smith Bailey, Kelly-Radford says â€Å"if you’re good at what you do, take self-care measures and get creative about integrating your work and family life, you can be a successful leader and fulfill personal obligations† (Monitor Staff). She had an extensive experience in teaching and private consulting prior

Virginia House of Burgesses Essay Example | Topics and Well Written Essays - 1250 words

Virginia House of Burgesses - Essay Example This house did establish a tradition that became very important in the course of colonial developments and as such, each and every new colony of England started demanding that it be given its own legislature. This house became empowered to come up and enact legislation for the colony, albeit its actions were still not conclusive as they were subject to any veto by the council, governor, and the directors who were in London. It was a limited monarchy within the English people. The assembly was later listed by some of the most prominent people in the history of America such as George Washington, Thomas Jefferson and Patrick Henry who brought strong leadership roles that saw the country gain independence. There were three major events that made Virginia significant in the history of the USA. These were the recruitment of almost 100 maids that sailed to Virginia and were made brides for the settlers to increase the number of people. Sir George Yeardley went to the colony with what was re ferred to as the Great Charter which did set up the English Common Law in Virginia and thereafter allowed the locals to be elected as representatives. The meeting of the first House of Burgesses was done in the Church in 1619 and this became the start of governance by representation in the USA (Breen 16-278). The significance of Jamestown comes from the fact that it was the first permanent English settlement in the North America and was set up in the year 1607 and this did remain the sole capital of Virginia for almost a century. It acted as the foundation of the independent United States of America. A historic triangle was formed by linking Jamestown to Yorkton and Williamsburg through a legislation that was passed in 1930 forming the Colonial National Monument. The Virginia State Capitol housed the colonial legislative body of the commonwealth and this was the Virginia General Assembly. This general assembly is simply a bicameral body that is made up of the lower house, the Virgin ia House of Delegates having one hundred members, and the senate of Virginia which had 40 members. It thus consisted of 140 elected representatives across equal amounts of constituents in the commonwealth. Major changes occurred in the status of slaves in Virginia whereby the indentured black servant who had some hope for freedom was fast replaced by the black slave. The Virginia General assembly passed a declaration that highly affected the African Americans. The servants that were originally not Christians in their homeland were to be accounted and made slaves. All the Indians, Negros and Mulatto slaves were to be held as real estate. It was allowed to kill a slave by a master who needs to correct such slave. Harsh physical punishment was imposed since they could not pay fines due to lack of ownership. Lashes, chopping off of limbs and body parts and hanging was allowed (Fischer and Hinderaker 8-267). John Peter Zenger was a German immigrant that ran a publication print with the n ame New York Weekly Journal. It brought to fore the corrupt practices of William Cosby who was the then royal governor. It accused the government of letting the enemy to vary out an exploration of New York harbor and for rigging elections. It labeled the governor an idiot based on crimes allegedly committed by him. Zenger’s printing of these articles landed him in jail since he could not reveal the anonymous writers. It was against the people’