The Lehman Brothers Collapse. Who, Why, How and Its Long-term Effects Term Paper

The Lehman Brothers Collapse. Who, Why, How and Its Long- Effects on Securities Markets - Term root ExampleThere ar a few terms which need to be defined before pop off proceeding further. Security commercialises are the markets where securities of different types are bought and sold with reference to demand and supply. Mortgage markets impact dealings of loans on housing, business and industrial real estates. The markets in which corporations raise new capital by issuing common stock are referred to as primary markets. Secondary markets on the other hand are the nonpareils where formerly issued securities are bought and sold among the investors, with no direct involvement of the corporations. Leverage is usually referred to borrowing. Stockholders are those who buy shares of a company, thereby gaining the rights of votes, earning dividends and profits. In a dramatic manner, Lehman Brothers underwent the largest bankruptcy in the history of joined States, with its stocks plummet ing drastically, customers opting their way out and assets being heavily undervalued by the official credit rating groups of that time. Lehman Brothers was mutually effected by the three brothers, Henry Lehman, Emanuel Lehman and Mayer Lehman. Since its foundation, it was considered to be a very reputable institution in which pack used to place immense amount of trust. With the passage of time, the popularity of the faithful increased tremendously and it became one of the close to reliable financial service companies in the United States, with the launch of its various subsidiaries such as break of the day Loan Services, Crossroad Groups, etc. Since 1993, the company was being led by Richard S. Fuld, jr. who can be construed as a typical traditional leader with a top down command and control approach. He used to be very daunting in his demeanour and often commanded respect and devotion from his employees on the basis of power. He had a large circumspection team along with him comprising of senior managers and board of directors who incessantly aided him in forming corporate level policies, core business strategies and decision making. Up till 2007, the firm did reasonably well as far as the monetary records are concerned. The company even account a staggering $4.2 billion profit in the year 2007. However, the consequences of following a superficial insurance based on narrow scope and risky business were soon revealed when the company suffered the biggest financial commotion of USAs history which also triggered the late 2000s recession. The responsibility of this crisis which resulted in the destruction of one of the most established names in the world of international finance lies directly on the management team of Lehman Brothers which consisted of several heavyweights, led by a very impolite and fiery Chairman and CEO, Richard S. Fuld, Jr. Article Summaries Onaran and Scinta (2008) state that the fourth biggest investment bank of the United States surrendered to the subprime mortgage catastrophe it had initially facilitated to educate in the midst of the largest bankruptcy in history. The old and respectable firm, Lehman Brothers Holding Inc, which had even survived the Great Depression, report a bankruptcy petition in the US Bankruptcy Court. It had to lose 94 percent of its market worth during this tumultuous year. The filing of the biggest bankruptcy case ever was led by bankruptcy licit representative Harvey Miller. Within hours, the shares of the

Patch work Essay Example | Topics and Well Written Essays - 1000 words - 1

assemble work - Essay ExampleAdditionally, the company uses marginal costing on sales/production dry land to determine the cost of the variables whereas the fixed costs do not depend on the level of activity. This change over will play a vital role to the investors in persuading them to finance the new product.Turnover measures the dexterity of a company to use its assets in generating sales (Wild, Bernstein &Subramayan, 2001). there argon various turnover ratios that are useful to the investors which include accounts receivable turnover and inventory turnover.The accounts receivable turnover of 0.94 shows that Martez Company is more economic in managing its credit policy thus eliminating the possibility of realizing bad debts. This is a good indicator to the investors as they are assured that their resources will not be lost to the debtors who refuse to pay.Another turnover ratio is the inventory turnover ratio which is a ratio that shows the efficiency of the company in sel ling its products so as to generate sales that is the number of times that the inventories are converted into sales within a year.An inventory turnover of 1.25 implies that the Martez Company is very efficient in converting the inventory at hand into sales and therefore more revenue will be generated as shown in the forecast. The investors will be concerned to see this forecast of the inventory turnover so as to know the how efficient Martez is in generating revenues. dinero margin is a profitability ratio that shows how effective the cost of production is controlled in relation to scattering and administration expenses and also the financing cost (Eriotis, 2005).One way of measuring the value of the business by using the assets on the balance sheet (Meigs & Meigs, 1993). The descend value of the assets on the balance sheet are regarded as the companys investment and therefore showing the true value of the company. Martez Company has total assets amounting to

Applying Systems Thinking to a Public Health Issue Essay

Applying Systems Thinking to a Public Health Issue - Essay ExampleCommunicable disease control and bar comprises isolate and isolation, preventive measures, immunization, early interventions, which include public health education, antimicrobial treatment, and other measures. Effective efforts in the control, and prevention of communicable diseases rely on the understanding of the agent causing the disease in spite of appearance the population. This includes the reservoirs, the characteristics, the method of variance of the agent from the sources, the transmission mode of the agent, the method of entry of the agent into the host and the vulnerability of the host to the agent.The engagement of systems thought process in this program would assist in breaking down barriers betwixt different departments by providing effective ways of solving problems. In order to solve problems effectively, it is critical to identify the real cook of the problem along with the means of solving thi s problem. Systems thinking emphasizes on the need to focus on the round picture or the systems and structures that cause the occurrence of the problem rather than the behaviors and events related to the problem (Scott, 2006, p.404). This approach of systems thinking ensures effective solving of problems. Systems thinking also supports effective communication between the departments thereby integrating the roles between these departments and improves the functionality of the whole organization. It is also imperative that systems thinking provide a more effective leadership political platform within the organization as well as the different departments. Effective leadership implies that authority within the organization and in extension the different departments within the organization are well defined. This helps in providing directions to the individuals within departments and setting out clear departmental rules. Moreover, systems thinking support a more effective preparedness process that provides

Justice and Policing in the United Arab Emirates Essay

Justice and Policing in the united Arab Emirates - Essay ExampleThe United Arab Emirates is known to have liberal laws compared to other Arabic states. This is evident receivable to the fact that, women can drive and they allow people to take alcohol. In most Arab countries it is a guilty offence to drink alcohol and women are so inferior that they cannot drive. There is a dual flirt system, Sharia or Islamic laws and the well-mannered law, this is also not found in other Arab countries. The Islamic acts take charge of matters relating to family issues. The sharia law only applies when both the complainant and the defendant are Muslims. The civil courts are responsible for matters related to commercial, criminal or civil. The civil courts can cater for cases that involve the plaintiff and the defendant, both being Muslims, non-Muslims or a Muslim and a non-Muslim. Sharia is applied first and, if reason required by Sharia is found insufficient, the Penal Code is used.There is an extralegal requirement for the approval of the forgo of every prisoner whose sentence has been completed. Dubai and Ras Al Khaimah do not conform to the federal court system that is subjected to all the other members of the United Arab Emirates. The Supreme Court that was established and the federal council had well place structures that define their relationship. This clearly make the Supreme Court to be the last court since all decisions made by the Federal Council have to be approved by the Supreme Court for them to be the final decision

Homework25 Coursework Example | Topics and Well Written Essays - 250 words

Homework25 - Coursework ExampleThe German aggression threatened every nation in Europe such as France, but the British vowed not to let German undermine its reign (Roark 6). In its annexation, German invaded Poland and America feared that if British were left alone to fight against German, it might suffer so much because it did not have enough resources to go to war. Therefore, the U.S reversed its neutrality policy and allowed its allies to cloud supplies and ammunition to fight off German aggression.The war had dire consequences for women and family. The husband left their families to the battle state thus making their families vulnerable of the challenges in the society, to struggle for food, shelter and education. Moreover, it is the American citizen who bore the greatest encumbrance because resources that were diverted to the war were meant to help in the development of the domestic economy. In addition, the attack by lacquer on Pearl Harbour made mothers lost their husbands and sons who were the bread winner of their

English 311 Essay Example | Topics and Well Written Essays - 2250 words

English 311 - Essay Examplethither is a wide body of knowledge that addresses various aspects of the issue including causation, prevalence, effects and treatment. Thus, there would be no need for primary research. Alzheimers disease has for long been associated with old suppurate, particularly age 65 and above. However, it has also been reported to affect teenagers. It affects those with family histories of the disease and those hatful with diabetes mellitus, elevated levels of plasma homocysteine, cardiovascular diseases, depression, grim educational achievement, lack of social interaction, lack of intellectual activity, lack of leisure activities and excessive response to stress. The honourable consideration of care dictates the standards of care that should be given to the great deal with whom the caregiver has concrete relationships. Alzheimers disease affects people closely related to the caregiver and should therefore be accorded the deserved care. The following is the d efinition of Alzheimers disease use cause-effect organizational pattern Causes of Alzheimers disease Biological factors Environmental factors Psychological factors Effects of Alzheimers disease Negative behavioural changes Negative health effects Death Use of medicinal therapy and psychotherapy for treatment As tell by Geldmacher (2012), if Alzheimers disease is not treated or treated in time, the plaques and tangles spread in the capitulum leading to death. Therefore, Alzheimers disease is a monomania that causes problems in memory, behavior and thinking. Paper 2 Alzheimers affection 1. What is Alzheimers Disease? Dementia is a terminology used in describing various kinds of brain disorders which increasingly result in the loss of brain function. People affected by monomania particularly suffer from the problem of short-memory. Thus, such people consistently forget what they have just done but intelligibly recall what happened several course of studys back. They typically lose the sense of place and time. Furthermore, they face challenges finding wrangling and find it increasingly difficult to do new things or learn new information. With the passage of time, these people would need to be assisted in doing their daily activities such as eating, dressing and washing. Ultimately, they could become leaky and uncommunicative. Dementias would often last for many years, even 20, and would usually not be the actual cause of death. There are more than 100 varied types of dementia (Alzheimers Association, 2013). The most unwashedly occurring type of dementia is Alzheimers disease. According to Alzheimers Association (2013), Alzheimers disease accounts for about 50% of all dementia cases, while Geldmacher (2012) further indicates that if this is combined with the clinical diagnosis of its occurrence with other diseases, it would account for 90%. Hence, it is common to find people referring to the disease as dementia. More than 5 million people in the US suff er from the disease, causing a financial burden of about $ 170 billion every year caring for these patients. By the year 2050, the number of those affected in the US could rise up to 13 million, the growth largely attributed to the growth in the number of the aging population. Alzheimers disease is therefore a type of dementia known to cause problems in memory, behavior and thinking. It got its name after a German neurologist, Dr. Alois Alzheimer (1864

Classification and Division of Tae Kwon Do Essay - 1

Classification and Division of Tae Kwon Do - Essay ExampleOfficially, there be a number of categories in the events of the WTF ( human Tae Kwon Do Federation). These are the following 1.WTF-promoted competitions2.Championships promoted by Regional Taekwondo Unions of the WTF in 4 continents3.International Competitions promoted by international sport organizations, and 4.Other international WTF-approved competitions 1. WTF-promoted competitionsa.World Taekwondo Championshipsb.Womens World Taekwondo Championshipsc.World Taekwondo Championshipsd.World Taekwondo Poomsae Champioships2. Regional Taekwondo Unions Championships (Regional Junior Taekwondo Championshipsa.Asian Taekwondo Championshipsb.European Taekwondo Championshipsc.Pan American Taekwondo Championshipsd.African Taekwondo Championships3. International bluster Organizations-promoted competitions (CISM, FISU, and continental or regional sport organizations)a.World Military Championships b.World University Taekwondo Championsh ips4. Other International Taekwondo Competitions WTF-approved with the communicate of the Organizing Committee in agreement with the related rules of the WTF (WTF.org).

Clinical Biochemistry Essay Short questions(degree)

Clinical Biochemistry Short questions(degree) - Essay ExampleTo diagnose Cushings syndrome levels of leave office cortisol be chequered in the urine. Levels of cortisol in the saliva and blood serum ar checked at midnight to confirm the disease. Dexamethasone which is a synthetic glucocorticoid is administered which leads to decreased cortisol if the increased levels are due to a tumor in the anterior pituitary. Addisons disease is characterized by inadequacy of cortisol which is caused loosely due to production of antibodies against the adrenal gland within the body. This leads to decreased glucose metabolism in the body create hypoglycemia and it can prove to be fatal in periods of stress and mild infections. Hyperpigmentation is also seen. Levels of free cortisol are checked in the urine and serum and saliva levels of cortisol are checked at midnight. Adrenocorticotropin hormone is then administered and levels of cortisol are measure. If they do not rise it indicates the in sufficiency of the adrenal gland and rules out any problem with the anterior pituitary.Radioimmunoassay is a technique in which a known quantity of labelled antibody and a labeled antigen is taken. This known complex is added to with unknown quantity of serum containing the antigens which needs to be measured. The unlabelled antigen displaces the labeled antigen and combines with the antibody. This unlabelled antigen and antibody is measured. Different quantities of serum are taken and added to the labeled complex and a graph is plotted and the values for the antigen in serum are measured. This method is extremely culture medium and specific because the antigen and antibody complexes formed are very specific for each other. It is also very sensitive because it can detect small amounts of antigen. The results obtained are accurate if many samples are taken. To improve accuracy it is master(prenominal) to purify the sample as well the reactants from foreign particles to prevent an y false results. More samples

The recruiting of new employees Essay Example | Topics and Well Written Essays - 2000 words

The recruiting of new employees - Essay ExampleThe aforementioned(prenominal) applies to human election planning. Human resourcefulness planning is an important aspect of any task in an organic law including enlisting. Human resource planning is the act of considering all the aspect of the job in bring in before starting the transit of hiring. Human resource planning involves detailed analysis of the job. This will be in terms of the skills that will be required for the job, the experience that will be required, gender have a go at it as far as the job is concerned and the age bracket. In light of the organization, human resource planning will looks into the objectives of the company in order to know the position of the company in affect to the job. (Iacovou, 2002)In planning, human resource management will look into the working structure of the company in order to know where the deficiency is. This is important as it avoids duplication of duties in the work. This means that the human resource management mustiness know areas which require new employees. Other wise management cannot create a vacancy where there is no work to be done. A detailed analysis of the function to be perfume by the new employees is important since it makes work description easier for the management.There are other alright det... This also helps potential applicants to prepare themselves for interview on the job. Other information that the planning play must look into is the commencement of the job and the availability of the individual. It must also look into the financial position of the organization in light of the vacancy at hand and come up with a package for the job. but this is not a must and some companies will not indicate how much they are fling for the job. But the human resource management usually has a clear cut limit on the amount of salary that the company can offer for the job which sometimes is a subject of testing individuals in the interview. Hence human r esource planning is essential in ensuring that the process of recruitment is debonaire as it is guided by the plan. The plan must outline the first to the last step in the process. it ensures that this process can be taken over by any other person since it is already outlines. Human resource planning involves various acts. As has been mentioned the first stage in the recruitment process will be detailed analysis of the job in terms of the requirements of the job and any other aspect of the job. This analysis will then act as the guideline fro the process. After the initial planning, the succeeding stages will definitely under the plan and those who have been given the mandate to oversee its implementation. The planning process will also help the human resource department to decide whether it will take the recruitment process or if it will seek the services of a recruitment agency. It is also in this stage of planning where the management will decide whether it will recruit

Reducing Video games with Children Essay Example | Topics and Well Written Essays - 750 words

Reducing moving-picture show games with Children - Essay ExampleThe repetition and consistency of the violent games, such as Death Race, Mortal Combat and Doom, that include reward system is effective tool of learning how to behave. No wonder, children who enjoy contend violent games ar utter to be able to commit violent crimes in future, thus, increasing the number of violent people in society. Excessive playing of painting games isolates children from normal hearty life, as well as does not leave any time for doing home flirt or sporting. photo games are believed to give children wrong values, such as violent behavior, vengeance and unmotivated aggression, since these are rewarded (Gardner, 2012). Video games seem not to entertain good values such as negotiation, nonviolent solutions and portrayal of women as weaker and sexually provocative beings. Children playing tv set games are not able to differentiate between naturalism and fantasy. performing video games may to a fa ult affect academic performance of a child because just about of the time is taken on video games. Students may even skip their homework to play games as well as taking lots of time arguing with their tutors and their friends. Video games played online are said to make children imitate terrible languages and behaviors in real life, which does not make communication any easier. acting video games further damages long time concentration of children and may have bad personal effects on kids health. ... Counter-argument However, there are some positive effects of video games that should also be addressed. Video games assist in exercising the brain of the kids due to the skills and tactics required to follow the games. These skills and tactics require high level thinking which is not taught in schools. The mental skills acquired while playing video games include problem solving skills, eye coordination and fine motor and spatial skills. Other skills acquired are accuracy, quick thinki ng, and situational awareness, development of reading skills, perseverance, pattern recognition and inductive reasoning. Playing video games may fabricate bonding between the parent and the kid especially games that are attractive to kids and adults. This may make a parent learn new and hidden things about a child. Kids enjoy learning through video games because of the interactivity and animations used, thus, motivating the kid to keep on practicing. Video games aid children in developing creativity skills. Playing video games improve the decision devising process in children. These games help people in making choices. These games are also believed to enhance self confidence and self esteem since the levels of games are adjustable beginning from the easy one to the most challenging ones. Video games played by several players help kids to work cooperatively by listening to other peoples ideas. Moreover, playing video games is much improve compared to other immoral behaviors such as doing drugs and drinking alcohol (Nauert, 2013). Response to Counter-arguments Due to the advantages obtained from playing video games, a kid should be closely monitored on the kind of

Managerial and Cost Accounting Assignment Example | Topics and Well Written Essays - 3500 words

Managerial and court bill - Assignment ExampleRoss used to influence people only through his teaching inside the classroom. He neither wrote an article or a book in order to influence people bid near writer or professors generally do. The author became a research assistant to Mr. Ross in the grade 1940 for a second-year course named Control, a course which is a sort of contrast with the traditional make up Accounting course. Nevertheless, the course became successful as a result of the reputation Mr. Ross has got as an impressive instructor of accounting at Harvard. The first appearance of management accounting in textbooks was, I believe, a first-year accounting text entitled Management Accounting Text and Cases (Anthony now Anthony and Reece) publish in 1956. This text contained a series of detailed cost-accounting cases. A similar text by Massachusetts Institute of engineering science professors appeared at approximately the same time written by Hill and Gordon in the yea r 1959. In the year 1965, a monograph named Planning and Control Systems A Framework for Analysis, written by the author was published by the Harvard Business School. It was the culmination of a series of meetings of the Harvard Business School Control faculty. Unlike most other Harvard Business School publications at that time, it proposed a framework rather than describing the results of a study of existent performance. It was written in the article that there is a contrast between Management Accounting and Cost Accounting.

Leave Your Name at the Border by M. Munoz Essay Example | Topics and Well Written Essays - 500 words

Leave Your Name at the Border by M. Munoz - Essay physical exertionAnother reason the Mexicans prefer to adopt the English bear ons when they get to America is to make it blowzy for people who cannot easily pronounce Spanish rings. However, Munoz feels that the main reason is the attempt to hide their identity. Munoz argues that it has now occasion a custom for Mexican parents to give their children English names. He emphasizes on this point by heavy(p) an example of how her nephews, as substantially as second cousins and other children in his homet bear, have evaded their Spanish name in favour of English ones. This paper is an analysis of Manuel Munoz essay, which attempts to demonstrate how Mexican Americans are increasingly deserting their close particularly their names to assimilate English ones. As Munoz argues, Mexicans appear not to be proud of their culture. As much as they argue that they change their names to make it easy for other people to pronounce, it is not un derstandable why they would do so even in their own hometown. It is for sure a pagan problem when people completely alter their own way of life to assimilate another one. names are very crucial since they are used for identification. Most names tell where a soul comes from hence his or her culture. Altering ones name is thus a sign that one does not wish to be associated with his or her culture. However, I think that the Mexicans have a reason for this. It happens that a lot of stereotyping against the Spanish h speakers exists such that people tend to generalize when they speak of Spanish speaking people. A name being a way of identifying one as Spanish, then those who do not want to be associated with anti-Mexican stereotypes have no choice but to assimilate new culture and avoid being viewed as illiterate (Munoz, 2007). Self-identification is very crucial and the fact that some Mexican Americans cannot even pronounce their names well and are astonished when some do it correct ly, demonstrate the extent to which they have run away from their own culture.

Questions Assignment Example | Topics and Well Written Essays - 500 words - 16

Questions - Assignment Examplethe barricade of capitalism would be brought about by the insatiable chase for higher profits, which has more than led to the never ending replacement of humans workers with machines, leaving thousands of the populace unemployed. Indeed as the dispense of profits rises for the capitalists, the share of wages falls, in effect, decreasing the capacity of the masses to buy the goods capitalism produces. The data for the ever change magnitude income inequality alongside the weakening aggregate invite is but readily available.Q4. Using the creative expiry, Schumpeter argues that the failure of capitalism is internal rather than external as Karl Marx had contended. Using the phrase creative goal, Schumpeter was categorical that capitalism creates its enemies from within the truly elites rather than from the Marxian impoverished masses. As skillfully predicted, the most alkali environmentalists championing for the capitalism with a human face in the 21 st century, for instance, are but socialist children of the very capitalists.Keynes differed with the classical theorists in that while the latter believed that such markets should be self-regulating, with supply creating its own demand Says law and prices and wages adjusting when necessary to keep the said markets in a state of equilibrium, he Keynes argued that such markets exact a hand from the government to run properly and to attain agreeable employment levels and sustained stinting growth, for prices and/or wages rigid/sticky downwards, and so are the very causes of recessions and high unemployment rates.An early withstander of Keynesianism, Marriner Eccles advocated and actually took a direct role in the introduction of the expansionary fiscal policies in the Fed right after the Great Depression, virtually fixing interest rates at low levels to revitalize demand through constant borrowing from the Treasury as a result of the lowered interest rates.Anglo-Saxon Capitalism rel ies heavily on free market