Benefits Of A Student Loan Essay - 1055 Words

Half way through first semester of grad school and one should be concerned only with grades and papers but finances are also important due to owning a home, multiple books that were needed for classes and everyday living. Fortunately, my part time job offered to pay for my schooling and reimbursement for my books. The downside to accepting the offer was I had to quit my full time job and fully commit to the life of a full time grad student of Social Work with a paid internship. Decreasing my bills as much as possible and changing my lifestyle, I still needed financial help and saw no other option but to apply for a student loan. I currently have an undergrad student loan as well. When I graduate with my MSW I will be $26,000 in debt. A plan of ways to save money needs to begin as soon as possible and now is a fine time to start researching student debt relief. When The Health Care and Education Reconciliation Act of 2010 was signed by President Obama it reformed part of the Direct Loan Program bringing about the name The Obama Student Loan Forgiveness Program also known as William D. Ford Direct Loan program. President Obama made changes such as: the federal government would no longer give up subsidies to private lending institutions for federally backed loans, borrowers of new loans starting in 2014 will qualify to make payments based on 10% of their discretionary income, new borrowers would also be eligible for students loan forgiveness after 20 years insteadShow MoreRelatedBenefits Of A Student Loan Debt991 Words   |  4 PagesWhen a student finally graduates from college there is this excitement that comes to you. You finally graduated and now can apply the things you have learned in the job or career you plan on. Unfortunately, it’s not that simple, many graduating student finds themselves in hug student loan debt. The numb ers are staggering: more than $1.2 trillion in outstanding student loan debt, 40 million borrowers, an average balance of $29,000. Men and women laboring under student debt are postponing marriageRead MoreStudent Loan Debt On College Students887 Words   |  4 PagesStudent Loan Debt on College Students Student loans are becoming more and more of a problem for college students all across the United States. As college tuition has significantly increased over the past years, it has become extremely common for most college students to finance their education through student loans. Tuition has become so expensive that it is almost unheard of for a student to pay for their tuition out of pocket or by working for their education part time. As the result ofRead MoreStudent Loan Program Should Not Be Paid781 Words   |  4 PagesPresident Barack Obama s budget last month sparked growing concerns that student loan forgiveness - specifically for graduate school student debt - will cost taxpayers much more than originally estimated. As the Student Loan Ranger discussed previously, the president s budget shows a shortfall of approximately $21 billion for the federal student loan programs, in large part due to a projection of more borrowers taking advantage of loan forgiveness after making 10 to 25 years of income-based payments. AccordingRead MoreBenefits Of Borrowing Money While At The Same Time Should You Borrow993 Words   |  4 Pagesborrowing for higher education whether the funds come from family or student loans its always an issue of is there enough money for expenses while attending college. There are benefits of borrowing money while at the same time should you borrow. Students use loans for various reasons, but for some loans are just a financial burden. This article is researched on twelve students from a community college. All the students had taken out loans for school purposes as well as personal purposes, but in all realityRead MoreEducation Is Crucial If One Were To Be Successful In Life.1309 Words   |  6 Pagesstruggling to pay their student loans. Students who try to further their education have had this issue for ongoing years. Not only does a student try to acquire as much knowledge as one can, but it is not a guarantee that once a student graduates from college, that he or she will have an occupation. This all factors into how it has become strenuous for students to pay their student loans when tuition fees are excessive instead of being affordable for each student. Therefore, student loans should be forgivenRead MoreStudent Loan Is The Most Powerful Weapon1302 Words   |  6 Pagesso powerful, conventional weapons break down, fail, and can be taken while knowledge cannot be. Sadly student loan debts are increasing at an alarming rate. The days of working all summer or part-time throughout the school year in order to pay tuition are long gone and private student loans are the only viable answer for many students aspiring for a professional career. I believe that student loan forgiveness is an issue of the utmost importance in regards to making education more accessible and affordableRead MoreThe United States Should Adopt Income Based Loans Now Essay1469 Words   |  6 Pages A college student in today’s society obtains a high amount of debt from all the necessary loans taken out to pay for the expensive cost of a college education. For those who do have a high paying job after college or are in generally lower salary careers, these debts become lifelong companions because they are unable to pay them back with their incomes. It is proposed that income-contingent loans will help people paying back student loans to pay them back at a rate in which is based on how muchRead MoreCSR Program P roposal for Columbia Bank1238 Words   |  5 PagesColumbia Bank with a focus on student loan debt in our community. This CSR program could be implemented in addition to the community and customer events currently arranged on the branch level. Columbia Bank, and the local communities we serve, would greatly benefit from offering a CSR program that focuses on educating high school students, college students, parents and any potential borrower on the long-term implications of excessive student loan debt. Student Loan Debt and Our Community The firstRead MoreStudents Should Start Planning For College At The Beginning Of High School1443 Words   |  6 Pagesresult of, the amount the government puts in (Student Loan Quotes, 2015). The average student leaves college with an average of $35,000 of debt. With this debt, students have to put off major life decisions such as starting a family or buying a house, for the reason that their debt has accumulated from their college years (Protective). Parent’s advocacy and smart money planning in earlier years, students could overcome the amount of college debt. Students should start planning for college at the beginningRead MoreFinding The Lowest Student Loans Consolidation Program1536 Words   |  7 PagesFinding the lowest student loans consolidation program is very important as this will decide your financial future. You should take this process very seriously and find out ways to search for the loan consolidation program that imposes lowest charges and interest rates. This will not only save you a lot of money but also help you lead a better life where you can pay attention to other necessities and luxuries of your life too. When a person is deep down in debt he does not think anything else unless

How Did John F. Kennedy Act Through the Cuban Missile Crisis Free Essays

The Cuban missile crisis of 1962 brought the world to the brink of nuclear war. What was at stake in the crisis, and how do you assess President Kennedy’s response to Khrushchev’s provocation? Was Kennedy prudent or rash, suitably tough or needlessly belligerent? By Jeremy Leung 299722 USA The World 131-236 The Cuban Missile Crisis was perhaps the closest that humankind had ever become to experiencing a thermonuclear war. In October 1962, the world watched perilously, as U. We will write a custom essay sample on How Did John F. Kennedy Act Through the Cuban Missile Crisis or any similar topic only for you Order Now S. president John F. Kennedy warned his people of the amalgamation of Soviet arms in Cuba. John F. Kennedy refused to accept â€Å"offensive† Soviet artillery in such close proximity to the U. S. , but Soviet chairman Nikita Khrushchev had already planned a stealthily build-up. Kennedy henceforth demanded Khrushchev to disassemble offensive artillery and employed a strict naval quarantine, an action that Khrushchev initially refused and deemed â€Å"illegal†. For several days, as two of the world’s superpower’s refused to meet an agreement, the world faced the daunting and horrifying prospect of a nuclear war. Eventually, Khrushchev had accepted a peaceful resolution, as he withdrew Soviet offensive arms in return for a promise that the U. S. would not invade Cuba. With the Soviet exodus from Cuba, President Kennedy’s popularity had risen sharply as journalists labelled him the â€Å"architect of a great diplomatic victory. †[1] Kennedy’s ability to remain calm under the pressure of a potential nuclear war had won praise from his colleagues and the American public, who rewarded him with re-election. In a diametrically opposed view, conservatives assert his actions were not decisive enough in securing America’s national security. This essay will seek to analyse both the praise and the criticism in evaluating John F. Kennedy’s actions through the peaceful resolution of the Cuban Missile Crisis. For many Americans, the Cuban Missile Crisis, and in particular the build-up of Soviet arms within Cuba represented a time in which their national security and safety was at stake. This build-up of Soviet missiles in Cuba was deemed by the media as â€Å"an action aimed to inflicting an almost mortal wound on us†[2]. This impending threat was dealt with such severity that a committee was formed that comprised of U. S. government officials who were to advise President John F. Kennedy on important matters. As a senior member of the committee, which was known as the Executive Committee of the National Security Council (ExComm), Treasury Secretary Douglas Dillion remarked â€Å"The crisis was unique in the sense that it was the first time that there was a real, imminent, potential threat to the physical safety and well being of American citizens†. [3] This observation from Dillon portrays the fear that much of the American public felt, who taught and prepared their children through schools to â€Å"duck and cover† in the event of a nuclear war. 4] Yet, it appeared at the time that the build-up of arms within Cuba was not only a confrontation to the U. S. , but a direct threat to national security that was felt and feared by both the public and leading politicians. To substantiate this, Defence Secretary Robert McNamara recalled on the 27th October, â€Å"As I left the white house and walked through my garden to my car to return to the pentagon on the beautiful fall evening, I feared I might never live to see another Saturday night†. 5] In addition to this, Robert Kennedy wrote afterwards that the world was brought â€Å"to the abyss of nuclear destruction and the end of mankind†. [6] Both these accounts demonstrate the extreme severity in which Congress perceived the Soviet threat. On the 26th of September, U. S. Congress voted strongly in favour to â€Å"prevent in Cuba the creation or use of an externally supported military capability endangering the security of the United States† with a 386-7 majority in the House of Representatives, and an 86-1 majority in the Senate. 7] This represents an overwhelming view in both houses of the U. S. Congress that action needed to be taken upon the build-up of nuclear arms in Cuba. The reasons why McNamara and Kennedy and other U. S. politicians were so fearful of a nuclear was because according to U. S. analysts at the time, the 24 MRBM’s (Medium range-ba llistic missiles) and sixteen IRBM’s (intermediate-range ballistic missiles) that were found in Cuba had significantly increased the number of U. S. targets that the Soviet’s could lethally attack by forty percent. 8] Furthermore, having missiles within Cuba allowed the Soviets to bypass the U. S. warning radars, especially the Ballistics Missile Early Warning system, which was stationed in the North Pole. [9] By bypassing the U. S. warning radars, it certainly amplified the risk of a surprise strike upon certain American air bases and important command posts. [10] To address this risk, the U. S. army went from â€Å"Defence Condition Five† (peacetime alert) to â€Å"Defcon 3† (war alert) which further illustrated the high levels of precautions the U. S. government were taking in order to protect itself from an offensive attack from the Soviet. [11] It was quite clear from these precautions that the impending nuclear threat in Cuba threatened the lives of American civilians, troops, and government officials. In the event that the situation escalated out of control, the two world superpowers could have engaged in a third World War that, with nuclear technology had the potential to kill hundreds of millions of civilians and soldiers. 12] Fortunately, the Cuban Mission Crisis never escalated this far, as Kennedy maintained control of the situation and eventually caused the Soviet’s to retreat. Kennedy’s actions in peacefully resolving the Cuban Missile Crisis demonstrated responsibility and purposefulness, which overall had confirmed public confidence in the President. In the first ExComm meeting, evidence was presented of medium-range missiles in Cuba that had the potential to hit Washington, Dallas, St. Louis, and all Strategic Air Command bases in between. 13] Soon after, further evidence was presented to ExComm of the development of 1,000-mile medium-range ballistic missiles and 2,200 mile intermediate-range ballistic missiles. It was also predicted by the experts presenting this evidence that forty nuclear warheads had the capacity to hit targets as far as Wyoming and Montana. [14] Robert Kennedy had predicted that these arms had the power and potential to kill as many as eighty million Americans. [15] President John F. Kennedy was faced with two important options; to implement a naval blockade, or to invade Cuba beginning with an air-strike. 16] Kennedy decided upon enforcing a naval quarantine in Cuba, which was later labelled by Khrushchev as â€Å"outright banditry† and an action that would push â€Å"mankind to the abyss of a world missile nuclear war†. [17] The quarantine was a first step that involved confiscating all offensive military equipment that was being shipped to Cuba. If, in the event Khrushchev refused to remove Soviet missiles, John F. Kennedy promised â€Å"further action† would be taken. [18] As the leaders of the two superpowers stood eyeball to eyeball, and the world braced itself for a possibility for a thermonuclear war, Khrushchev had agreed to ithdrawal weapons that Kennedy had deemed offensive, while Kennedy pledged not to invade Cuba. [19] The U. S. response, in the form of a blockade was a wise choice as it applied the greatest level of force upon the Soviet Union while minimizing the risk of a thermonuclear war. Traditionalists, supported to this choice. Traditionalists refer to the individuals who advocated the traditional interpretation, and were coincidentally the individuals who wrote the most content during Cuban Missile Crisis. 20] Sorensen, a traditionalist, who was also an advisor to Kennedy, believed that Kennedy responded superbly to the crisis, as he conducted himself in a responsible and composed matter thr oughout his confrontation with Khrushchev. [21] Sorensen believed that this was perhaps the President’s finest hour, as he â€Å"never lost sight of what either war or surrender would do to the whole human race†¦ [And] he was determined to take all necessary action and no unnecessary action†. [22] Sorensen also noted the fact that Kennedy had not just national interests in mind but, civilians in other countries. Sorensen named this the â€Å"Kennedy Legacy† which he defined as â€Å"a pervasive sense of responsibility for the future of our children†¦ for those who live in the country and those who live in other lands†. [23] It appeared that through Sorensen’s recount of the events leading up to the peaceful resolution of the Cuban Missile crisis show admiration for Kennedy’s actions, as he believed Kennedy remained in control of events, despite being constantly provoked by Khrushchev. Sorensen also highlighted the Presidents poise in the confrontation, as he refused the temptation of making a reckless decision to attack Cuba and thus start a nuclear war. Like Sorensen, Robert Kennedy described every American, in the aftermath of the Cuban Missile Crisis, as feeling â€Å"a sense of pride in the strength, purposefulness and the courage of the President of the United States†. [24] Furthermore, McGeorge Bundy, another traditionalist member of Excomm, praised President Kennedy for â€Å"his personal management of the nuclear confrontation. †[25] Similarly to Bobby Kennedy and Sorensen, Bundy acknowledged, and commended the President’s â€Å"strength, restraint and respect for the opinions of mankind. [26] It is quite clear through these personal recounts of Bundy, Sorensen, and Kennedy, that there was a consistent view across Excomm and the traditionalists that President John F. Kennedy demonstrated decisiveness, intelligence, and compassion while seeking to mitigate the risk of war by causing Khrushchev to compromise. These traits were also seen by the American public with public opinion approval ratings increasing to eighty percent after the crisis, as journalists compared him to past heroes such as Wilson and Roosevelt. 27] Overall, President Kennedy’s actions within the Cuban Missile Crisis not only led to great respect by his colleagues and the public, but more importantly reduced Cold War tensions between Russia and the U. S. A. This was evident in the aftermath of the Cold War that saw an installation of a phone link that allowed direct communication between Russian and American leaders, along with the signing of a nuclear test ban treaty which endorsed a harmonious coexistence between the two superpowers. [28] Within the waves of praise towards the United States President for his dealings with the Soviets, there were also few individuals who voiced their concerns over certain decisions Kennedy made. Following questionable decisions by Kennedy that led to the Bay of Pigs fiasco, the U. S. policy within Cuba only consisted of diplomatic and economic means, and only until later were trade restrictions forced. Thus, for a period of two years leading up to the Cuban Missile Crisis, John F. Kennedy allowed the Soviet’s amalgamate a significant amount of arms provided they were â€Å"defensive. Using this word â€Å"defensive†, the American President was justifying and legitimizing the build-up of arms in the backyard of the U. S, as it allowed Cuba to asseverate itself as the hemisphere’s third largest military authority. [29] By Kennedy’s failure to initiate an intrusion upon Cuba’s burgeoning military at an early, yet critical point, it communicated to the S oviet’s that there was possibility for them to upset the balance of power within any country, as long as they were granted authorization by local governments. By not invading Cuba, the Soviet’s and Cubans proceeded to integrate armed forces that had the potential to cause serious damage upon Western civilization, power and influence. In addition to failing to stop the military build-up in Cuba, there was also controversy in Kennedy’s decision to implement a naval quarantine in Cuba. Kennedy’s choice to quarantine, rather than imposing a full air-strike upon Cuba had its weakness. At this critical point within the Cuban Missile Crisis, this provided the U. S. n opportunity to impose a severe defeat upon its enemy. The moment of crisis, the threat of communism, along with the risk of perhaps disruptive world peace all suggested that Kennedy could have caused a decisive answer to the problems escalating in Cuba. Kennedy’s government, instead of quarantining Cuba from naval imports, could have forcibly demanded the departure of Russians, along with their weapons within Cuba altogether. [30] This would have not only eliminated Russian threat within close proximity to the U. S, but could have also provided the Cuban people with a democratic republic that consisted of free elections under UN supervision. [31] Kennedy instead, elected for a naval blockade, which could have potentially left open a possibility for the Soviet’s to import arms via the air. In addition to this, the blockade failed to give the U. S. any assurance or certainty that the Soviets would retreat from Cuba. If, however, Kennedy elected for an invasion and demanded Khrushchev to leave, it would have eliminated all doubt of a Soviet retreat and ensured the protection of America’s national security. Overall, throughout the Cuban Missile Crisis, the world sat perilously as the two superpowers engaged in a confrontational battle that had the potential to escalate into a possible third world war with overwhelmingly destructive consequences. In two world wars, millions of people were slaughtered in battles that continued over years; however it was possible, with the advent of nuclear technology that hundreds of millions of civilians and soldiers could die within hours. 32] Khrushchev continued to use Soviet resources to accumulate a large missile base within Cuba in America’s backyard, which called for President John F. Kennedy to act and protect the national security of the U. S. In deciding on implementing a naval quarantine around Cuba, Kennedy avoided an airstrike and possible invasion, by giving his opponent time to reassess his actions. Through constant pressure from Khrushchev, Kennedy stood decisive and resolute, as he resisted the temptation of gambling with the safe ty of the world and continued to monitor the sea and intercept suspicious naval activity around Cuba. Kennedy proceeded and continued to implement the blockade, which was clearly an attempt to avoid any direct military means, by providing Khrushchev with a threat of danger, yet also allowing him with the option to retreat. Although this was seen as â€Å"weak† from conservatives, it is important that Kennedy always continued to pressure his Soviet counterpart whenever he sensed hesitation or deception. [33] Kennedy never wielded from his objective, as he forced a peaceful resolution that left his colleagues in awe of his poise and determination dealing with such a crisis. Thus, by Kennedy reacting in a suitably tough fashion, Khruschev provided the U. S. President with the ultimate accolade that if he â€Å"had been in the White House, instead of the Kremlin, [he] would have acted like Kennedy. [34] Words: 2562 Bibliography Primary Resources Blight, James Welch, David. Cuba on the Brink: Castro, the Missile Crisis and the Soviet Collapse. New York: Pantheon Books, 1993. Bundy, McGeorge. Danger and Survival: Choices about the bomb in the first fifty years. New York: Random House, 1988 Bundy, McGeorge. â€Å"The Presidency and the Peace†, Foreign Affairs 42 (1964). Kennedy, Robert. Thirteen Days: A Memoir of the Cuban Missile Crisis. New York: W. W. Norton, 1969 Lowenthal, David. â€Å"U. S. Cuban Policy: Illusion and Reality†, National Review (1963) McNamara, Robert. Blundering into Disaster: Surviving the First Century of the Nuclear Age. London: Bloomsbury 1987 Munton, Don Welch, David. A. The Cuban Missile Crisis. New York: Oxford University Press, 1988. Sorensen, Theodore. Kennedy. New York: MacMillan, 1969. Sorensen, Theodore. The Kennedy Legacy. New York: Harper and Row, 1965 Secondary Resources Divine, Robert A. The Cuban Missile Crisis. Chicago: Quadrangle Books, 1971. Garthoff, Raymond. â€Å"The Meaning of the Missiles†. Washington Quarterly 5 (1982), 78 Horelick, Arnold. The Cuban Missile Crisis: An analysis of Soviet calculations and behaviour. World Politics (1964) Medland, William. The Cuban Missile Crisis of 1962: Needless or Necessary. New York: Praeger Publishers,, 1988. Scott, Len. The Cuban Missile Crisis and the Threat of Nuclear War. London: Continuum Books, 2007. ———————– [1]Robert Divine, The Cuban Missile Crisis, (Toronto: Burns and MacEachern1971), 4. 2] David Lowenthal, â€Å"US Cuban Policy: Illusion and Reality†, National Review, 29 January 1963, 63, quoted in Arnold L. Horelick, â€Å"The Cuban Missile Crisis: An Analysis of Soviet Calculations and Behaviour†, World Politics 16/3 (April 1963), 64 [3] James Blight David Welch, â€Å"Cuba on the Brink: Castro, the Missile Crisis and the Soviet Collapse: (New York: Pantheon Books, 1993), 163 [4] Len Scott, The Cuban Missile Crisis and the Threat of Nuclear War: (London: Continuum Books, 2007), 48. [5] Robert McNamara, Blundering into Diaster: Surviving the First Century of the Nuclear Age (London: Bloomsbury, 1987), 11. 6] Robert Kennedy, Thirteen Days, The Cuban Missile Crisis (London: Pan Books, 1969), 27. [7] McGeorge Bundy, Danger and Survival: Choices about the Bomb in the first fifty years (New York: Random House, 1988), 391. [8] Raymond Garthoff, â€Å"Memo on the Military Significance of the Soviet Missiles Bases in Cuba,† October 27, 1962. Department of State declassifified document, reprinted in Garthoff, â€Å"The Meaning of the Missiles,† Washington Quarterly 5, no. 4 (Autumn 1982), 78 [9] Scott, The Cuban Missile Crisis, 48. [10] Ibid, 48 [11] Divine, The Cuban Missile Crisis, 61. 12] Don Munton and David A. Welch, The Cuban Missile Crisis (Oxford University Press: New York, 2007), 1. [13] Willia m J. Medland The Cuban Missile Crisis of 1962: Needless or Necessary (Praeger Publishers: New York, 1988), 4. [14] Ibid, 5. [15] Divine, The Cuban Missile Crisis, 28. [16] Ibid, 28 [17] Medland, Needless or Necessary, 38. [18] Divine, The Cuban Missile Crisis, 61 [19] Munton and Welch The Cuban Missile Crisis, 1. [20] Divine, The Cuban Missile Crisis, 35 [21] Theodore C. Sorensen, Kennedy (New York: Harper and Row, 1965; paperback ed. New York: Bantam Books, 1966, 795. [22] Ibid, 795. [23] Theodore C. Sorensen, The Kennedy Legacy (New York: Macmillan, 1969), 274. [24] Kennedy, Thirteen days, 67. [25] McGeorge, Bundy, â€Å"The Presidency and the Peace,† Foreign Affairs 42 (April 1964): 353-365 [26] Ibid. , 359 [27] Divine, The Cuban Missile Crisis, 58. [28] Medland, Needless or Necessary, 56. [29] Lowenthal, US Cuban Policy, 61. [30] Divine, The Cuban Missile Crisis, 91. [31] Ibid, 93. [32] Munton and Welch The Cuban Missile Crisis, 1. [33] Divine, The Cuban Missile Crisis, 1 01. [34] Ibid, 104 How to cite How Did John F. Kennedy Act Through the Cuban Missile Crisis, Papers

Literature Review of Recruitment and Selection in International Human Resource Management Essay Example

Literature Review of Recruitment and Selection in International Human Resource Management Paper Literature review of Recruitment and Selection in International Human Resource Management Introduction Staffing is one of the main functions on Human Resource Management, refer to International Human Resource Management perspective, staffing will be more important on the managing by the headquartered company to their subsidiaries in order to gain more competitive advantage for them. As a company want to achieve the mind of globalization, they must choose a suitable staffing approach in order to doing business successfully not only in the domestic also in the international environment. Maral Muratbekova-Touron (2008) stated that â€Å"One of the main issues facing the development of the global companies has always been to find the right balance between the local autonomy between subsidiaries and the control of the corporate headquarters. †, it related to how the company recruit and select their staffs in their subsidiaries. In the present paper will concentrate on the international staffing approaches in global companies, and there has four different approaches to managing and staffing their international subsidiaries. The following literature reviews will attempt to explain that four approaches and point out what is the advantage and disadvantage of each approach in the internationalization process of the company. Approaches to Managing and Staffing Global Subsidiaries In research text book by Ball, et al. (2008), it was explained these four approaches in detail, they are Ethnocentric approach, Polycentric approach, Geocentric approach and Regiocentric Approach. Ethnocentric approach is related to the company employing and promoting the Parent-country nationals (PCNs) in their subsidiaries which the employee are the citizen of the nation in the parent company; Polycentric approach is related to employing and promoting the Host-country nationals (HCNs) in their subsidiaries which the employees are the citizen of the nation in the operating subsidiaries; Geocentric approach is related to the company employing and promoting the employees base on their ability and experience, this approach can refer the ompany select the best person for the job without any consideration of the citizenship; and Regiocentric approach is related to the company employing and promoting the employees which they are the citizen on the basis of the specific region in the operating subsidiaries, it can be HCNs or Third-country nationals (TCNs) which the employees are the citizen of neither the parent company nation nor the host country. Ball, et al. 2008) Ethnocentric ap proach refer to the staffing policy base on the PCNs, therefore the clear advantages come up immediately for the headquarters are the communication and control, the PCNs are familiar the policies and practices or working-style of the headquarters, or the PCN staff was training in the headquarters already. (Ball, et al. 2008) We will write a custom essay sample on Literature Review of Recruitment and Selection in International Human Resource Management specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Literature Review of Recruitment and Selection in International Human Resource Management specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Literature Review of Recruitment and Selection in International Human Resource Management specifically for you FOR ONLY $16.38 $13.9/page Hire Writer As Kathy Monks, et al. 2001) stated â€Å"In the very early stages of internationalization, the staffing policies of the majority were largely ethnocentric in character, an approach which is relatively common at this stage in the internationalization process where a company is setting up a new business process or product in another country, and knowledge of the company’s culture and reporting systems is considered essential†, it shows the Ethnocentric approach are common at the early stage of internationalization process in the multinational or transnational companies, because the controlling and communicating is very important at that stage, therefore, the companies would like to employ the PCNs in order to fully control their subsidiaries at the early stage of internationalization process. Another reason also make Ethnocentric approach are common at the internationalization process is the cost of the company. As Brewster (1988, pg. 18 ) noted, â€Å"Despite the impor tance of expatriate positions, the high costs associated with expatriation and the extensive and largely non-productive â€Å"running-in† periods, it is still the case that most organizations provide no formal training for expatriation†. Overall Ethnocentric approach implies a centralized system with authority high at headquarters with much communication in the form of orders, commands, and advice. Standards for evaluation and control will also be determined centrally and with low pressures for cost reduction and low pressure for local (subsidiary) responsiveness. But the disadvantages of Ethnocentric approach such as the PCNs have language barriers or they have different culture background with the local (subsidiary) customer, it may result a high cost training in long term or the PCNs may not familiar the positions or demands of the local (subsidiary) marketplace. (Ball, et al. 2008; Norma D’Annunzio-Green, 1997) Polycentric approach refer to the staffing policy base on the HCNs, as Christoph Dorrenbacher, et al. (2010) stated â€Å"HCNs on the other hand are seen as basically having a local (subsidiary) orientation, due to their socialization in the host country and their familiarity with the social, political and economic environment of the host country† It can show Polycentric approach provide a high level of local responsiveness in the subsidiaries. It can be prove by another research article, Norma D’Annunzio-Green (1997) also stated â€Å"Polycentric approach implies a widely dispersed authority, little communication between headquarters and subsidiary, and standards for evaluation and control mostly determined locally. There for the less control and order from the headquarters to the subsidiary will be made, the subsidiary also start to be independent in their local area, that mean the company start to doing well and the business is stable in the local (subsidiary) area. The Polycentric approach also has other advantages such as reduce the cost of the local (subsidiary) training programs, and the headquarters will get more information or hints of the local (subsidiary) market development or competition. But according to the non-close relationships between the headquarters and subsidiaries, the subsidiaries are often unfamiliar with the headquarters’ corporate culture, policies and practices. (Ball, et al. 2008) Geocentric approach refer to the staffing policy base on the ability of the staffs, no matter where are they come from, Banai (1999) stated †The geocentric staffing policy seeks the best people for key jobs throughout the organization regardless of their nationality† And Norma D’Annunzio-Green (1997) also stated â€Å"The geocentric ideal involves more integration between centre and subsidiaries to ensure close co-operation between the different parts of the organization, and implementing both universal and local standards for evaluation and control. †It point out the Geocentric approach can bring a lots of different experience and different corporation practices rom the staffs, through these different experience and corporation, the firm can has a better performance in the international co-operation of the company and it also facilitates the development of an international team, and the international team can fully managing the local subsidiary, and they ca n managing the other subsidiary in different area. But Geocentric approach may cost more (both on money and time) on the training or other issue such as working permit. (Ball, et al. 2008) Timothy Dean Keeley (2001) gave a very good conclusion of the Geocentric approach, he noted â€Å"Geocentric firms seek to co-ordinate decision-making among the subsidiaries and headquarters. The organization is balanced between centralized and decentralized in order to effectively and efficiently employ all types of resources on a global basis. † Therefore the subsidiary can be considered as more independent in the international market which managing by the international team. Regiocentric approach refer to the staffing policy base on the region of the subsidiaries, it is without consideration of the nations of citizenship. Therefore it can be HCNs or TCNs and it has similar function of the Geocentric approach. Farrokh Safavi (1991) stated â€Å"A regiocentric orientation has assumed that management development needs within a geographic region are sufficiently similar for application of a unified approach, but different from the needs of other regions. † And the Ball, et al. (2008) point out a disadvantage of the regiocentric, he stated â€Å"The disadvantages often encountered when using employees from the home or host country can sometimes be avoided by sending third country nationals (TCNs) to fill management posts. In the International Human Resource Management, Regiocentric approach is slightly similar with the Geocentric approach, but the Regiocentric approach is limit to consider on the local region and the Geocentric approach is more consider on the global basis. Conclusion Overall the literature reviews above, the different staffing approach was give different effect in the internationalization process of the company, but we can find out, the different approach can apply in the different stage of the company. The Ethnocentric approach refer to the early stage of the internationalization process, because during the early stage, the company need a fully control of the subsidiaries, and they need the subsidiaries fully achieve the order from the headquarters, therefore, the ethnocentric approach will suitable in the early stage of the internationalization process. After the early stage, the company want to increase the competitive advantage of the subsidiaries, therefore, the polycentric approach can increase the local responsiveness and they need to have better knowledge of the local marketplace, so the polycentric approach will suitable in this middle stage; In the finally stage, the company want to have both function from the ethnocentric approach and the polycentric, they need to complete the internationalization process in order to become a global company, therefore the geocentric approach and regiocentric approach will apply in this stage, it can help to company to develop an international team to manage all the subsidiaries of the company. It can prove by James Kelly, as she stated in the article â€Å"companies become more international they usually develop from ethnocentric to polycentric and finally geocentric or regiocentric staffing and development policy†. Therefore the geocentric and Regiocentric can be consider as a expan sion of the polycentric approach. Literature Review of Recruitment and Selection in International Human Resource Management Essay Example Literature Review of Recruitment and Selection in International Human Resource Management Essay Literature review of Recruitment and Selection in International Human Resource Management Introduction Staffing is one of the main functions on Human Resource Management, refer to International Human Resource Management perspective, staffing will be more important on the managing by the headquartered company to their subsidiaries in order to gain more competitive advantage for them. As a company want to achieve the mind of globalization, they must choose a suitable staffing approach in order to doing business successfully not only in the domestic also in the international environment. Maral Muratbekova-Touron (2008) stated that â€Å"One of the main issues facing the development of the global companies has always been to find the right balance between the local autonomy between subsidiaries and the control of the corporate headquarters. †, it related to how the company recruit and select their staffs in their subsidiaries. In the present paper will concentrate on the international staffing approaches in global companies, and there has four different approaches to managing and staffing their international subsidiaries. The following literature reviews will attempt to explain that four approaches and point out what is the advantage and disadvantage of each approach in the internationalization process of the company. Approaches to Managing and Staffing Global Subsidiaries In research text book by Ball, et al. (2008), it was explained these four approaches in detail, they are Ethnocentric approach, Polycentric approach, Geocentric approach and Regiocentric Approach. Ethnocentric approach is related to the company employing and promoting the Parent-country nationals (PCNs) in their subsidiaries which the employee are the citizen of the nation in the parent company; Polycentric approach is related to employing and promoting the Host-country nationals (HCNs) in their subsidiaries which the employees are the citizen of the nation in the operating subsidiaries; Geocentric approach is related to the company employing and promoting the employees base on their ability and experience, this approach can refer the ompany select the best person for the job without any consideration of the citizenship; and Regiocentric approach is related to the company employing and promoting the employees which they are the citizen on the basis of the specific region in the operating subsidiaries, it can be HCNs or Third-country nationals (TCNs) which the employees are the citizen of neither the parent company nation nor the host country. Ball, et al. 2008) Ethnocentric ap proach refer to the staffing policy base on the PCNs, therefore the clear advantages come up immediately for the headquarters are the communication and control, the PCNs are familiar the policies and practices or working-style of the headquarters, or the PCN staff was training in the headquarters already. (Ball, et al. 2008) We will write a custom essay sample on Literature Review of Recruitment and Selection in International Human Resource Management specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Literature Review of Recruitment and Selection in International Human Resource Management specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Literature Review of Recruitment and Selection in International Human Resource Management specifically for you FOR ONLY $16.38 $13.9/page Hire Writer As Kathy Monks, et al. 2001) stated â€Å"In the very early stages of internationalization, the staffing policies of the majority were largely ethnocentric in character, an approach which is relatively common at this stage in the internationalization process where a company is setting up a new business process or product in another country, and knowledge of the company’s culture and reporting systems is considered essential†, it shows the Ethnocentric approach are common at the early stage of internationalization process in the multinational or transnational companies, because the controlling and communicating is very important at that stage, therefore, the companies would like to employ the PCNs in order to fully control their subsidiaries at the early stage of internationalization process. Another reason also make Ethnocentric approach are common at the internationalization process is the cost of the company. As Brewster (1988, pg. 18 ) noted, â€Å"Despite the impor tance of expatriate positions, the high costs associated with expatriation and the extensive and largely non-productive â€Å"running-in† periods, it is still the case that most organizations provide no formal training for expatriation†. Overall Ethnocentric approach implies a centralized system with authority high at headquarters with much communication in the form of orders, commands, and advice. Standards for evaluation and control will also be determined centrally and with low pressures for cost reduction and low pressure for local (subsidiary) responsiveness. But the disadvantages of Ethnocentric approach such as the PCNs have language barriers or they have different culture background with the local (subsidiary) customer, it may result a high cost training in long term or the PCNs may not familiar the positions or demands of the local (subsidiary) marketplace. (Ball, et al. 2008; Norma D’Annunzio-Green, 1997) Polycentric approach refer to the staffing policy base on the HCNs, as Christoph Dorrenbacher, et al. (2010) stated â€Å"HCNs on the other hand are seen as basically having a local (subsidiary) orientation, due to their socialization in the host country and their familiarity with the social, political and economic environment of the host country† It can show Polycentric approach provide a high level of local responsiveness in the subsidiaries. It can be prove by another research article, Norma D’Annunzio-Green (1997) also stated â€Å"Polycentric approach implies a widely dispersed authority, little communication between headquarters and subsidiary, and standards for evaluation and control mostly determined locally. There for the less control and order from the headquarters to the subsidiary will be made, the subsidiary also start to be independent in their local area, that mean the company start to doing well and the business is stable in the local (subsidiary) area. The Polycentric approach also has other advantages such as reduce the cost of the local (subsidiary) training programs, and the headquarters will get more information or hints of the local (subsidiary) market development or competition. But according to the non-close relationships between the headquarters and subsidiaries, the subsidiaries are often unfamiliar with the headquarters’ corporate culture, policies and practices. (Ball, et al. 2008) Geocentric approach refer to the staffing policy base on the ability of the staffs, no matter where are they come from, Banai (1999) stated †The geocentric staffing policy seeks the best people for key jobs throughout the organization regardless of their nationality† And Norma D’Annunzio-Green (1997) also stated â€Å"The geocentric ideal involves more integration between centre and subsidiaries to ensure close co-operation between the different parts of the organization, and implementing both universal and local standards for evaluation and control. †It point out the Geocentric approach can bring a lots of different experience and different corporation practices rom the staffs, through these different experience and corporation, the firm can has a better performance in the international co-operation of the company and it also facilitates the development of an international team, and the international team can fully managing the local subsidiary, and they ca n managing the other subsidiary in different area. But Geocentric approach may cost more (both on money and time) on the training or other issue such as working permit. (Ball, et al. 2008) Timothy Dean Keeley (2001) gave a very good conclusion of the Geocentric approach, he noted â€Å"Geocentric firms seek to co-ordinate decision-making among the subsidiaries and headquarters. The organization is balanced between centralized and decentralized in order to effectively and efficiently employ all types of resources on a global basis. † Therefore the subsidiary can be considered as more independent in the international market which managing by the international team. Regiocentric approach refer to the staffing policy base on the region of the subsidiaries, it is without consideration of the nations of citizenship. Therefore it can be HCNs or TCNs and it has similar function of the Geocentric approach. Farrokh Safavi (1991) stated â€Å"A regiocentric orientation has assumed that management development needs within a geographic region are sufficiently similar for application of a unified approach, but different from the needs of other regions. † And the Ball, et al. (2008) point out a disadvantage of the regiocentric, he stated â€Å"The disadvantages often encountered when using employees from the home or host country can sometimes be avoided by sending third country nationals (TCNs) to fill management posts. In the International Human Resource Management, Regiocentric approach is slightly similar with the Geocentric approach, but the Regiocentric approach is limit to consider on the local region and the Geocentric approach is more consider on the global basis. Conclusion Overall the literature reviews above, the different staffing approach was give different effect in the internationalization process of the company, but we can find out, the different approach can apply in the different stage of the company. The Ethnocentric approach refer to the early stage of the internationalization process, because during the early stage, the company need a fully control of the subsidiaries, and they need the subsidiaries fully achieve the order from the headquarters, therefore, the ethnocentric approach will suitable in the early stage of the internationalization process. After the early stage, the company want to increase the competitive advantage of the subsidiaries, therefore, the polycentric approach can increase the local responsiveness and they need to have better knowledge of the local marketplace, so the polycentric approach will suitable in this middle stage; In the finally stage, the company want to have both function from the ethnocentric approach and the polycentric, they need to complete the internationalization process in order to become a global company, therefore the geocentric approach and regiocentric approach will apply in this stage, it can help to company to develop an international team to manage all the subsidiaries of the company. It can prove by James Kelly, as she stated in the article â€Å"companies become more international they usually develop from ethnocentric to polycentric and finally geocentric or regiocentric staffing and development policy†. Therefore the geocentric and Regiocentric can be consider as a expan sion of the polycentric approach.

Research Paper on Police Brutality Sample

Research Paper on Police Brutality Sample Those of the minority community have been subjected, for many decades, to violence by those in law enforcement in the United States. This type of violence is a direct depiction of police brutality, which often leads to death. Police brutality has been an issue for many years, and it remains a major concern for those of the minority community. Over the past five centuries, black people have endured violence in many different ways. Today, police officers use deadly, excessive force that leads to inexcusable assaults, beatings and shootings. This demonstrates the governmentÐ ¢s role in initiating and prolonging racial suppression and provides the explanation for police brutality to become a federal crime(Black Radical Congress, 3). In history, racist violence, police brutality, has been used to suppress the racial blacks and to preserve power and privileges for the white race. This was done for five primary purposes. First, it has forced black people into slavery or low wage situations. Secondly, to steal land and other resources. A 3-rd was to maintain social control. A fourth purpose was to eliminate conflict in politics, social life, and employment. Lastly, the fifth purpose was to unite white people across the ethnic, class, and gender boundaries. However, after the Emancipation, lynching became a prominent form of violence used against the blacks. The use of lynching was a means of controlling and putting fear into the blacks, making them afraid to go against anything the white man said or authorized. In the mid 1900s, race riots and lawful executions began to replace the practice of lynching. This became the new method of social control and white supremacy could be controlled through racial discrimination. Harassment and discrimination are two other forms of violence, they have been practiced for many centuries and are still being practiced today as a means of control. The practice of police brutality has a strong affect on a main segment of the American population. Those affected are minorities and the elderly causing them to have strong hatred towards the whites in America. Police Brutality is abuse by law enforcement, where a police officer feels that because he/ she has a badge and a gun therefore it puts them above the law and they can use unnecessary force against another individual. Police Brutality is not a new issue; it has become more focused on recently due to some cases that have occurred in the past few years that have been highly publicized. The abuse used by police officers is a serious offense that violates a persons human and civil rights. These violations are seen nationwide to the minority community and are committed by various police officers that fail to receive punishment for their action. The Civil Rights Act provides protection to those persons wronged by the misuse of power, possessed by the virtue of state law and made [it] possible only because the wrongdoer is clothed with the authority of state law. There is a violation of the fourth amendment when innocent people become victims of police brutality. Many minorities are stopped because they are driving a luxury car. They are assumed to be either drug dealers or a criminal. The protection of the fourth amendment, however, is shrinking; it can only be used with the presence of a warrant (Meeks, 9). The presence of the warrant keeps from unlawful police searches and abuse to occur. Racial profiling is the more common form of police brutality. This is the most frequent violation of the fourth amendment. It is the tactic of stopping someone because of his or her skin color. Racial profiling mainly targets young Black and Latino men and is believed to be a justified form of law enforcement. In other words, it is a form of legal prejudice that occurs daily nationwide. Although, there are many questionable areas in racial profiling that cannot be avoided nor proven. First, it is difficult to prove, in a majority of cases there is no evidence and the police officers can claim the stop to be a routine traffic stop. An example of this is when a black person is pulled over for a traffic violation the type of vehicle is first determined and then their skin color. A majority of Blacks and Latinos drive either flashy or historical vehicles, this determines the  ethnicity of the driver. Harassment takes place and no one can prove this but the victim and the police officer . Secondly, the courts have to acknowledge that racial profiling occurred and in most cases this is hard to prove. There are also other forms of racial profiling. In many professions, this type of profiling is used as a form as security. Taxi drivers and security personnel engage in profiling when they feel fearful or threatened. Taxi drivers use this type of judgment when refusing to pick up a customer at night and security guards use it to find suspects while working. Racial profiling is considered to be a profile used by police officers to identify suspicious criminal or violators of the law. A typical profile used is the CARD system. CARD is an acronym for class, age, race, and dress. This system is used to fit individuals into categories for means of identification. The problem with the CARD system is that many minorities fall into this category. This makes them primary targets and poses a problem for some of the white people that also fall into this category. Nevertheless, there are a few positive sides to profiling. For one, it can be considered to be a survival skill, allowing one to see if people are doing justice. Secondly, it puts people on an innate level. Profiling shows signs about people and certain criteria. Lastly, it is not considered to be racism. Police officers who use profiling use it as a tool because they think that they are color blind in certain situations. Police brutality also occurs in prisons where the prisoners are mistreated because it becomes a simple case of authority. Humans have their freedom to express their rights and police brutality violates their human rights. The main targets of police brutality are two third African American or Latino and the majority of the time the officer is white. There are five stages through which force can progress and lead to brutality: verbal persuasion, unarmed physical force, force using non-lethal weapons, force using impact weapons, deadly force. Enforcement personnel should use the deadly force stage only when an officers life or another persons life is in danger. By having the deadly force stage, the law permits someone to commit a murder, and justifies its use. Many law enforcement officials appear to have a tough exterior towards crime, but are very sensitive to crime on the inside. Police officers build up negative feelings towards certain races, sexes, or religions. Officers tend to get the impression that if one or a few people treat them with disrespect, than other people of that same sex, race, or religion will treat the officer in the same way. Another cause of police brutality and misconduct is the amount of stress that is put upon the law enforcement official. Law enforcement officials who are accused of police brutality are required to attend a civil court hearing with a judge and a jury present. Most of the time the jury will find the officers not guilty, or guilty of a lesser crime. This is true in the case of the officer who used an illegal chokehold on Anthony Bees, a twenty eight-year old Puerto Rican, after Baezs football hit the patrol car. Baez was killed due to the force of the chokehold, but the officer was found not guilty. However, due to racism and society, the demand of tough treatment towards criminals will encourage police officers to remain violent. The extent of police brutality can be improved through the training of police officers and racially integrated departments resulting in the decline of police violence. Many ways to correct police misconduct have evolved. Such corrections include sufficient training, recruitment, and integration. In recruitment, tighter screening and  background checks could be used to avoid violence and racism to enter into the police force. By means of integration, the presence of more minorities can help to dissolve the hatred towards minorities in the society, giving affirmative action an opportunity to take precedence. Police officers should also be required to go to a class that re-teaches them how to act appropriate in an arrest and other situations. A majority of these police officers also feel as though they did not commit a wrongdoing and that they are innocent. One of the ways to curb police brutality is to implement new laws, to punish the wrong doers that may bring about the decrease in police brutality. Today, officers know that there are laws dealing with etiquette during an arrest, but many do not attempt to apply what they know, and let physical strength, and force overcomes them. Also, severe or reasonable consequences should be given to police officers who participate in police brutality. Suspension, verbal reprimands, an investigation, anger manageme nt classes, or the loss of their jobs are some consequences that should be given to violating officers. Although there has been some progress and education, training and integration with of the law enforcement population, the are still incidents of racial profiling and police brutality. With continued efforts and corrections of racial injustices, this type of abuse and punishment will lessen when the law moves more towards the justice for minorities. Doing so will cause less brutalities and deaths to occur and more social justice.

Ebola Outbreaks in Sudan and Zaire

Ebola Outbreaks in Sudan and Zaire On July 27, 1976, the very first person to contract the Ebola virus began to show symptoms. Ten days later he was dead. Over the course of the next few months, the first Ebola outbreaks in history occurred in Sudan and Zaire*, with a total of 602 reported cases and 431 deaths. The Ebola Outbreak in Sudan The first victim to contract Ebola was a cotton factory worker from Nzara, Sudan. Soon after this first man came down with symptoms, so did his co-worker. Then the co-workers wife became sick. The outbreak quickly spread to the Sudanese town of Maridi, where there was a hospital. Since no one in the medical field had ever seen this illness before, it took them awhile to realize that it was passed by close contact.  By the time the outbreak had subsided in the Sudan, 284 people had become ill, 151 of whom had died. This new illness was a killer, causing fatality in 53% of its victims. This strain of the virus is now called Ebola-Sudan. Ebola Outbreak in Zaire On September 1, 1976, another, even more deadly, outbreak of Ebola struck - this time in Zaire. The first victim of this outbreak was a 44-year-old teacher who had just returned from a tour of northern Zaire. After suffering from symptoms that seemed like malaria, this first victim went to the Yambuku Mission Hospital and received a shot of an anti-malarial drug. Unfortunately, at that time the hospital did not use disposable needles nor did they properly sterilize the ones they used. Thus, the Ebola virus spread through used needles to many of the hospitals patients. For four weeks, the outbreak continued to expand. However, the outbreak finally ended after the Yambuku Mission Hospital was closed down (11 of the 17 hospital staff having died) and the remaining Ebola victims were isolated. In Zaire, the Ebola virus had been contracted by 318 people, 280 of whom died. This strain of the Ebola virus, now called Ebola-Zaire, killed 88% of its victims. The Ebola-Zaire strain remains the most deadly of the Ebola viruses. Symptoms of Ebola The Ebola virus is deadly, but since the initial symptoms can seem similar to many other medical issues, many infected people may remain ignorant of the seriousness of their condition for several days. For those infected by Ebola, most victims begin to show symptoms between two and 21 days after first contracting Ebola. At first, the victim may only experience influenza-like symptoms: fever, headache, weakness, muscle pain, and a sore throat. However, additional symptoms begin to manifest quickly. Victims often suffer from diarrhea, vomiting, and a rash. Then the victim often starts bleeding, both internally and externally. Despite extensive research, no one is yet sure where the Ebola virus occurs naturally nor why it flares up when it does. What we do know is that the Ebola virus is passed from host to host, usually by contact with infected blood or other bodily fluids. Scientists have designated the Ebola virus, which is also called Ebola hemorrhagic fever (EHF), as a member of the Filoviridae family. There are currently five known strains of the Ebola virus: Zaire, Sudan, Cà ´te d’Ivoire, Bundibugyo and Reston. So far, the Zaire strain remains the most deadly (80% death rate) and the Reston the least (0% death rate). However, the Ebola-Zaire and Ebola-Sudan strains have caused all the major known outbreaks. Additional Ebola Outbreaks The 1976 Ebola outbreaks in Sudan and Zaire were just the first and most definitely not the last. Although there have been many isolated cases or even small outbreaks since 1976, the largest outbreaks have been in Zaire in 1995 (315 cases), Uganda in 2000-2001 (425 cases), and in the Republic of the Congo in 2007 (264 cases). * The country of Zaire changed its name to the Democratic Republic of the Congo in May 1997.

Financial intermediation Essay Example | Topics and Well Written Essays - 3000 words - 1

Financial intermediation - Essay Example It was based on the efficiency hypothesis model and was distinguished from the imminent failure model. After analyzing 33 mergers during the 1867-1935 period, the author found that the consolidation and integration (which result as consequences of mergers and acquisitions) reduce systemic risk. An important variable in this finding is the identification of the role of diversification in the dilution and management of risks. The study also proposed the empirical validity of concentration-stability hypothesis as a framework for explaining the stability of Canadian banks. It was found that strong concentration of banks, which came as an offshoot of mergers and acquisitions, was a strong predictor of stability. What is good about the paper The paper is significant for several reasons. It contains important insights on the developmental evolution of the Canadian banking sector. The author has also proposed and explained insights that could enrich the extant literature on the positive impa ct of mergers and acquisitions (M&As). The successful use and evaluation of hypotheses and the systematic assessment approaches included can provide helpful insights to researchers interested in the same or in related research topics. These constitute the reasons why it is worthy of publication. This section will explain this in detail. An important insight postulated by the study is the explanation why the Canadian banking system outperformed the United States banking system during the Great Depression (p.6). The author was able to provide important evidences, most particularly, the argument that Canada avoided the crisis by maintaining a banking system typified by risk diversification through branching (p.6). This aspect in the study contributes an insight to the body of literature in regard to the incidence of bank failures, vulnerabilities and risks that could be avoided. The emerging principle is that mergers have cushioned the Canadian banking system from the Great Depression by diluting the risks. Here, a theoretical evidence was presented: the cases of the cross-province acquisitions from 1900-1931led to risk diversification because the bulk of business for each bank in a consolidated financial institution is based on its home province, hence, the risk for the entire organization is allocated according to its branches, operating in their respective locations. Furthermore, the study also explained the differences between mergers and acquisitions than simply branching out. If the bank is concerned with risks or is interested with diluting it, branching would be an option because it also meant the diversification of operation across Canada. However, it was explained how M&As have different degree of risk exposure than branching, effectively classifying one from the other. If one does think about it, mergers and acquisitions diversify through integration and accumulation of resources whereas branching diversifies by expanding and spending resources. In the former, there is an inward flow of resources where the latter sees an outflow. This is the reason why in the study's comparative analysis, it was found that "out of the 10 chartered banks that remained in business in 1935, six had been involved in acquisitions," and that "only one out of the 26 failed banks was involved in bank consolidation" (p.9). The study used Fisher's exact test to evaluate the relationship it revealed that bank consolidations did not result or

The Sandman by E.T.A. Hoffmann Essay Example | Topics and Well Written Essays - 750 words

The Sandman by E.T.A. Hoffmann - Essay Example The point of argument in this short story is that: can a child’s imagination be so strong that he may be able to carry his imagination throughout his life, especially if it has affected him in his childhood profoundly? This point is important to the design of the story because it relates to child psychology, since the story talks about a child’s weird imaginations and perception of bizarre ideas that continue to affect him throughout his life. Parents and caregivers should be very careful when they tell terrifying stories to their children, as young brains are very receptive of imaginations, pictures, and concepts. We mention some quotes of the story here, and elaborate them so as to determine how they relate to our main point of argument. The reader of the story reads: But if, like a bold painter, you had first sketched in a few audacious strokes the outline of the picture you had in your own soul, you would then easily have been able to deepen and intensify the colors one after the other, until the varied throng of living figures carried your friends away and they, like you, saw themselves in the midst of the scene that had proceeded out of your own soul (Hoffmann, para.54). This quote means how a human being is able to draw a picture out of his imagination, and is able to give life and meaning to it, so much so that the conception continues to hover over his mind for the rest of his life, continuing to affect him and his friends and family around him. All human beings are like painters of their imaginary conceptions. A child is a special painter, because he strongly conceives every idea told to him in his vulnerable years. It is only his luck and maturity that comes with age that pulls him out his frantic imaginations. Nathaniel has not been that lucky. He was not able to come out of his horror which was induced into him when he was a child. He continued to be terrified of eyes and the sandman coming to take them, so much so that he lost his li fe. This quote shows its real meaning when we see Nathaniel relating the concept of the sandman to his father’s friend, Coppola, and thinking it is him when his father dies during an experiment. Later on as an adult, his life again gets disturbed when he meets Coppelius, who comes in to sell spectacles, making Nathaniel relate him to the dead Coppola, making him think that Coppola has come back in the shape of Coppelius, to take his eyes. Hence, we see that a child is able to relate horrifying imaginations to real people and events, and this disturbance of mind continues till adulthood, proving our point of argument. The strength of a child’s imagination gets further confirmed when we read (Hoffmann, para. 56) that, â€Å"Perhaps, like a good portrait-painter, I may succeed in catching the outline in this way, so that you will realize it is a likeness even without knowing the original, and feel as if you had often seen the person with your own corporeal eyes.† T his shows how a child is able to paint a picture out of his imagination, and how he can make it real with his thoughts and conceptions. Why Nathaniel’s horror about eyes relives when he sees Olimpia’s eyes falling out of her head as Coppelius and Spalanzani fight over her, and why he becomes frantic, is because his frenzied imagination that he carried through childhood makes him all the more hysterical about his imagination of eyes and the sandman coming back to take them. This again confirms that a child’s imaginations are very strong and sturdy, not letting go of the