Saturday, May 16, 2020
Edgar Allan Poe was an iconic American writer, editor, and critic. Active between the years 1827 and 1849, he is best known for his poetry and short stories (Edgar Allan Poe). Particular interest lies in his gothic themed works that featured death, mystery and the macabre. He is highly regarded as the proponent in chief of the modern short story and also acknowledged for fostering the development of the Ã¢â¬Å"art for artÃ¢â¬â¢s sakeÃ¢â¬ movement in nineteenth-century European literature (Poe, Edgar A.; Bloom 1). Poe is considered the inventor of the detective fiction genre through his keen analytical writing in works such as Ã ´The Murders in the Rue Morgue.Ã¢â¬ He is further credited with contributing to the emerging genre of science fiction through theÃ¢â¬ ¦show more contentÃ¢â¬ ¦For instance, no pronouns identifying the narrator are used. As a result, the narratorÃ¢â¬â¢s gender remains open to speculation. However, many accounts render him as a male. The narrator is also obsessive and displays monomania, in which case he is altogether normal save for his strange fixation on one issue; the old manÃ¢â¬â¢s eye. The narrator acknowledges that he has a disease but claims that the disease enhances his senses making him able to hear everything. He then proceeds to defend his sanity as opposed to his innocence, declaring that the systematic way in which he studied his victim and killed him as well as concealed his deed is indicative of a rational mind in working order (Poe). It is, however, apparent that the reality is to the contrary because the narrator reveals having committed the old manÃ¢â¬â¢s murder. The narrator also makes references to having heard many things in heaven and hell. This is captured in the words, Ã¢â¬Å"I heard all things in the heaven and in the earth. I heard many things in hell. How, then, am I mad?Ã¢â¬ (Poe). This statement further reinforces the reality of the narratorÃ¢â¬â¢s mental condition. The narrator also appea rs to be duplicitous given how he speaks of stalking the old man at night yet greeting him heartily in the morning. This suggests a darker sinister nature in the narrator. The fact that he flaunts his ability to be friendly to the old man while harboring intentions ofShow MoreRelatedEdgar Allan Poe : The Mystery Of Mystery And The Macabre1078 Words Ã |Ã 5 PagesÃ Edgar Allan Poe was an American writer, editor, and literary critic. Poe is best known for his poetry and short stories, particularly his tales of mystery and the macabre. Widely regarded as a central figure of Romanticism in the United States and American literature as a whole, he was one of the country s earliest practitioners of the short story. Poe is generally considered the inventor of the detective fiction genre and is further credited with contributing to the emerging genre of scienceRead MoreInfluence That Endures Ever More: Edgar Allan Poe908 Words Ã |Ã 4 PagesInfluence That Endures Ever More: Edgar Alla n Poe Edgar Allan Poe once said, Ã¢â¬Å"Words have no power to impress the mind without the exquisite horror of their reality.Ã¢â¬ Edgar Allan Poe was one of the most influential people in literary history and his words had the great power to impress the mind. More than 150 years after the death of Edgar Allan Poe, his writings are still influencing and inspiring writers today. Edgar Allan Poe was one of the a greatest literary influences of the 19th century andRead MoreThe Tortured Poet : Edgar Allan Poe1312 Words Ã |Ã 6 PagesThe Tortured Poet: Edgar Allan Poe Ã¢â¬Å"Beauty is the sole legitimate province of the poemÃ¢â¬ Poe, Edgar Allan. The Philosophy of Composition. 1846. The name Poe often brings to mind tales of horror and mystery, but this Poe was also a writer of sophisticated poems, capable of extreme poetic beauty within a dark genre of writing. Poe never lived the happiest of lives, but his writing is extraordinary, both for its execution, and for the sheer elegance of the words which he found to write upon the pageRead MoreThe Raven, Annabel Lee, And The Fall Of The House Of The Usher1249 Words Ã |Ã 5 Pages Edgar Allan PoeÃ¢â¬â¢s short stories: The Raven, Annabel Lee, and The fall of the house of the Usher, are just some of the thrilling tales that have left the reader feeling pure disturbia and macabre. However, the most ghostly mystery is the death of this profound poet. Therefore, Poe is my favorite author because of his tragic early life, his unusually marriage, and his mysterious death. Poe was born to traveling actors: Elizabeth Poe and David Poe Jr. in Boston on January 19, 1809, but within threeRead MoreEdgar Allan Poe s Writing Style1303 Words Ã |Ã 6 Pagesprovince of the poemÃ¢â¬ Poe, Edgar Allan. The Philosophy of Composition. 1846. The name Poe often brings to mind tales of horror and mystery, but this Poe was also a writer of sophisticated poems, capable of extreme poetic beauty within a dark genre of writing. Poe never lived the happiest of lives, but his writing is extraordinary, both for its execution, and for the sheer elegance of the words which he found to write upon the page. Death is among one of the recurring themes which Poe explored. Dark andRead MoreLiterary Techniques : Edgar Allan Poe And Richard Connell1598 Words Ã |Ã 7 PagesMacabre; a word meaning disturbing and horrifying through the depiction of death or injury, is not the easiest word for a writer to portray. However, while it may not be easy to show through words, it isnÃ¢â¬â¢ t impossible. There are two main ways an author can give an overall feeling of macabre; literary style and technique. Only the most skilled authors have successfully used various literary elements, like suspense and foreshadowing, to create ageless stories and earn a position in the history of literatureRead MoreThe Influence of Edgar Allan Poes Life on His Morbid Writings591 Words Ã |Ã 3 PagesEdgar Allan Poe is the most morbid of all American authors. Poe made his impact in Gothic fiction, especially for the tales of the macabre of which he is so renowned for. Ã¢â¬Å"How can so strange so fine a genius so sad a life, be exprest [sic] comprest in on line Ã¢â¬â would it not be best to say of Poe in a reverential spirit simply Requiescat in Pace [?]Ã¢â¬ Ã¢â¬â (Alfred Lord TennysonÃ¢â¬â¢s reply to the Poe Memorial committee, February 18, 1876). PoeÃ¢â¬â¢s own life story sheds light on the darkness of his writingsRead More Edgar Allan Poe and His Works Essay1013 Wor ds Ã |Ã 5 PagesThesis: Edgar Allan Poe was one of the most influential, yet misunderstood writers in American Literature. I. His Early Life A. His Adoption B. His Education II. His Later Life A. Books Published B. Military Life III. The Conclusion of His Life A. His Marriage B. His Death IV. His Works V. What Others Thought Of Him Edgar Allan Poe was an American writer, known as a poet and critic but most famous as the first master of the short story form, especially tales of the mysteriousRead MoreEdgar Allan Poe s Stories And Poems1231 Words Ã |Ã 5 Pages Edgar Allan Poe once said, Ã¢â¬Å"Words have no power to impress the mind without the exquisite horror of their reality.Ã¢â¬ A difficult childhood and the many deaths he experienced are reflected in PoeÃ¢â¬â¢s stories and poems. Edgar Allan Poe, a gothic horror author, led a controversial life which eventually led to his mysterious death. Edgar Allan Poe was born on January 19, 1809 in Boston, Massachusetts to David and Elizabeth Poe. Edgar had an older brother, named William, who was two years youngerRead MoreThe Life and Writings of Edgar Allen Poe853 Words Ã |Ã 4 Pagessentiment (Poe). This quote shows how Edgar Allan PoeÃ¢â¬â¢s perspective was very different compared to other writers during that time. Poe was an American short story writer, poet, critic, and editor who was famous for his cultivation in mystery and macabre. His success in his works may or may not have been because of his emotional and mental problems. Edgar Allan Poe was a writer whose works represent his own unique style, how his emotional instability affected him, and what happened in his life. Poe has
Wednesday, May 6, 2020
Librarians have duties to design, query, and evaluate information retrieval systems. In order to do so, librarians must understand each basic element of an Information Retrieval System. The first step is to understand their purpose. Information Retrieval Systems are designed to deal with various sources of information, and to satisfy userÃ¢â¬â¢s requirements. When a user makes an inquiry, the system must analyze the available sources, match the search specifications, and retrieve the items which are the most relevant to the search terms. Chowdhury (2004) describes the three aspects of Information Retrieval System design: the document subsystem, the user subsystem, and the searching/retrieval subsystem. Together, these three subsystems work to store, maintain, and sort information items. These systems are in place in many areas of libraries. They can be found in privately held databases, Open Public Access Catalogs (OPAC), and paid subscription databases. OPACs may be confi ned to a single library or they may be jointly managed by a wider library district or by a collaboration of medical or academic libraries. They hold a great deal of information about the physical and the digital library collection. They allow users to retrieve information concerning the location of where information items are to be found. Without a well functioning OPAC, it would be very difficult for both librarians and patrons to access the information items held in library collections. OPACs holdShow MoreRelatedInformation Systems For Business Professionals1810 Words Ã |Ã 8 PagesCOIT20274: Information Systems for Business Professionals (T3, 2015) Annotated Bibliography Assignment 1 Rahul Joshi S0280273 Due date 11 December 2015 Date Submitted 11 December 2015 Tutor Dr. Robert Wu Central Queensland University Sydney, Australia Introduction: This report is prepared for Ms Toni Carlos, an owner of small business called EIA (Education In Australia). The business was establishedRead MoreImpact of Ict on Society2585 Words Ã |Ã 11 PagesSISAT School of Information Systems Technology Faculty of Informatics ISIT900 Fundamentals of Contemporary Technologies Impact of ICT on Society Table of Contents PART A 1 1. Introduction 1 2. The annotations 1 2.1 Scholarly journal articles 1 2.2 Conference papers 1 2.3 Newspaper articles 1 2.4 Internet sources 1 3. Conclusion 2 Annotated Bibliographies 3 PART B (Endnote) 6 4. Introduction 6 5. The Endnote advantages 6 6. The Endnote disadvantages 7 7. The Recommendations 8Read MoreHow and Understanding of Metacognition Improves the Way a Student Learns2074 Words Ã |Ã 9 Pagesone of them is self-regulated learning (SRL). SRL refers to active process which means self-generated thoughts, feelings and actions that are planned. It is a mixture of three components; cognitive; metacognitive; motivation. Cognitive discusses information strategies for instance organization. Metacognitive is a process of planning, monitoring and evaluation. Motivational means to accomplish self-efficacy. In recent years the role of SRL model is rapidly increasing in educational sector. Ã¢â¬Å"Some researchRead MoreYmca London, Ontario2205 Words Ã |Ã 9 Pagesformat instructions in your COMM 2200 course. As well, see http://libguides.bcit.ca/business for more citing information. Your powerpoint presentation should be included as an appendix. There is a lot of information to cover in a short space Ã¢â¬â you will need to be very concise in your writing and make every word count. You may NOT exceed this page limit, but you may put relevant information in appendices. Focus your writing on the application of concepts with a brief explanation of them. Title page Read MoreInformation Security15951 Words Ã |Ã 64 PagesScience Journal Volume 9, 2006 A Systems Approach to Conduct an Effective Literature Review in Support of Information Systems Research Yair Levy and Timothy J. Ellis Graduate School of Computer and Information Sciences, Nova Southeastern University, Florida, USA firstname.lastname@example.org email@example.com Abstract This paper introduces a framework for conducting and writing an effective literature review. The target audience for the framework includes information systems (IS) doctoral students, novice ISRead MoreFinger Tracking in Real Time Human Computer Intraction3048 Words Ã |Ã 13 Pagesis usage of bare hand to operate a computer in order to make human-computer interaction much more faster and easier. Fingertip finding deals with extraction of information from hand features and positions. In this method we use the position and direction of the fingers in order to get the required segmented region of interest. The system is able to track the finger movement without building the 3D model of the hand. Coordinates and movement of the finger in a live video feed can be taken to becomeRead MoreGeographic Information Systems (Gis)2537 Words Ã |Ã 11 PagesGEOGRAPHIC INFORMATION SYSTEMS (GIS) AND TERRORIST ATTACKS OF OKLAHOMA CITY BOMBING AND THE WORLD TRADE CENTER Submitted To Mark Stallo School of Graduate Studies Of Tiffin University In partial fulfillment of the requirement for the graduate course Geographic Information Systems ENF 622 In the School of Criminal Justice Summer Quarter 2006 by Oscar Young Geographic Information Systems (GIS) And Terrorist Attacks Of Oklahoma City Bombing And The World TradeRead MoreBodies and Minds2165 Words Ã |Ã 9 Pagesforties to sixties other physical changes take place. Physical change become noticeable, disease becomes more prevalent, reaction time slows, eyesight diminishes, height begins to slowly decline, and menopause occurs in women and the male reproductive system starts to slowly change. In late adulthood which is sixties and beyond, height continues to decline, the senses continue their gradual decline and become more noticeable, bone diseases, cancer, cardiovascular diseases become prevalent and dementiaRead MoreStudy Habits2859 Words Ã |Ã 12 PagesClassical Conditioning * Operant Conditioning * Cognitive Learning * Social Learning 8) Development of Effective Study Habits 9) Methods imp; tips to Improve Memory 10) Survey Report 11) Research study 12) Conclusion 13) Bibliography Development Of Effective Study Habit Introduction: Learning is central to all our behaviour.Each learner is unique individual with different abilities, interests, ways of thinking and responding thus these characterstics have a significantRead MoreThe Project Management Methodologies4677 Words Ã |Ã 19 PagesÃ¯ » ¿Abstract The paper examines project management methodology for development and deployment of a software information system. It investigates several project management methodologies such as Define-Measure-Analyze-Improve-Control. The paper incorporates a project management plan, which includes critical path analysis and work breakdown structuring. Critical analysis, for instance, methodically partitions large tasks into action points and deliverables, and identifies contingencies for completion
Tuesday, May 5, 2020
Question: Discuss about the Hospitality Operations in Global World. Answer: Introduction Fairmont Hotel was first opened in 1907, (Fairmont, 2017). The historical facility then developed to become the citys favorite place for most presidential visits, accommodation and political meetings, (Fairmont, 2017). This made the name Fairmont to be associated with place of occasion. This was an auspicious beginning that gave birth to the Fairmont Hotels and Resorts brand. Fairmont hotel is also known as Chateau Laurier. It has since developed to become a 4-star hotel. It is uniquely located in downtown Ottawa, just a few yards away from Byward Market, Parliament buildings, and Canadas National Gallery, (Fairmont, 2017). This location can be traced back to 1999 when Fairmont partnered with the Canadian Pacific Hotels forming a luxury hotel that holds more than sixty branches worldwide at the moment. Fairmont has majored in its commitment to growth, expanding its hospitality operations management into the global world with a number of services, projects, and existing hotels. Fairmonts main mission is to become the best luxury sites for customers, by offering the best dining and accommodation services, (Fairmont, 2017). It also aims at becoming the best destinations for conferences, weddings, and events. However, it has continued to face competition from other hotels such as Rosewood, Kempinski, The Langham Hotels and Four Seasons Hotel among others, (Owler, 2017). For a firm to be competitive in the hospitality industry, it must be able to demonstrate excellent customer service, which ranges from customer treatment, reduction of waiting time and ensuring high-quality meals and services. Customer service is a vital aspect of operations management. Therefore, proper operations management is primary to the hotel industry. The hospitality industry is faced with several political economic, technological and social factors. The international relations form a major attribute of the industrys political environment. The industry also enjoys customers from diplomatic visits, (Fairmont, 2017). The regular fluctuations in the value of the Canadian dollar form a major economic challenge to Fairmont, (Owler, 2017). The Firm also operates in different areas with varying social orientations. Technology is a major determinant of success in the hospitality industry. Most hotels use CRM to simplify their operations and Fairmont is not an exception to this. References Fairmont. (2017). Fairmont Chateau Laurier. Retrieved October 7, 2017, from Fairmont Website: https://www.fairmont.com/about-us/ourhistory/ Owler. (2017). Owler Corporation. Retrieved October 7, 2017, from Owler Web Site: https://www.owler.com/iaApp/171396/fairmont-hotels---resorts-competitors?onBoardingComplete=true
Friday, April 17, 2020
Introduction The recent recession triggered by the housing market, bubble bust in the United States cases a negative ripple effect in the worldÃ¢â¬â¢s financial markets. It triggered a recession that led to loss of millions of jobs in the world. Many governments had to institute bail out to save companies from collapsing.Advertising We will write a custom essay sample on Repercussion of Great Depression specifically for you for only $16.05 $11/page Learn More The governments also instituted austerity measures that necessitated the slashing of national budgets effectively laying off millions of government workers globally. The US mortgage crisis that was the genesis of the financial crisis is blamed on the laxity of law enforcers or failure of the laws that have governed the financial market in the US. After the great depression in 1933, the US enacted laws that aimed to stem another crisis of the Great DepressionÃ¢â¬â¢s magnitude. Though the great re cession was not as serious as the Depression, it cased major financial imbalances that will take years to recover. ItÃ¢â¬â¢s therefore safe to assume that the laws that have been crafted over time since the Great depression to guard financial markets against such crises have failed to work, or so it seems. The administrations of both Presidents Obama and Bush ensured the enactment of laws that stemmed the crises and stopped the bleeding of jobs. This action by the two administrations is reminiscent of the many that have characterized the formation and adoption of public policies especially those that are business oriented. The motivations behind the laws of this nature is the perceived gap created by business practices that are likely to result in uncouth business practices or complications in the financial system that lead to such crises. The laws are also crafted to protect investors from losing their money when these transactions are not carried out within the law. One such act is the GrammÃ¢â¬âLeachÃ¢â¬âBliley Act (GLB), also referred to as the Financial Services Modernization Act of 1999, (Pub.L. 106-102, 113 Stat. 1338). The paper will focus its analysis on this law, its history, the rationale behind its enactment, its implementation, its impacts and the policy analysis. GrammÃ¢â¬âLeachÃ¢â¬âBliley Act (GLB) (Pub.L. 106-102, 113 Stat. 1338) History of the Act This a federal act of the United State enacted in the year 1999 and signed to law by President Bill Clinton. The law sought to regulate the dealings of financial institutions regarding the private information of their clients (Ingersoll et al. 1999, p. 48). To effectively work, the law included three parts i.e. The Financial Privacy Rule that governs the collection and use of private information, the Safeguards rule that governs the implementation of security programs by financial institutions.Advertising Looking for essay on business economics? Let's see if we can help you! Get y our first paper with 15% OFF Learn More On that bit, the law requires the financial institutions to implement security systems that ensure effective security of clientsÃ¢â¬â¢ private information. The last component of the law is the Pretexting provisions, which aims to curb access to client information through false pretence and /or impersonation. Additionally, the law makes it mandatory for financial institutions to serve to customer written notices that explain in detail their institutional practices about sharing information (Rezaee, 2001, p. 106). The above however was not the main reason why this act was passed. The main reason for the enactment of the law was to facilitate the opening up of the market among companies in the larger financial sector mainly; banking companies, securities companies and insurance companies. Through the GrammÃ¢â¬âLeachÃ¢â¬âBliley Act (GLB), curbs imposed by the GlassÃ¢â¬âSteagall Act of 1933 prohibiting companies to offer banking , insurance and brokerage services were removed.. The act in effect opened the gate for the merger of the companies operating in the three sections described above. The removal of the regulations however presented major gaps that potentially put customer private information at risk. Because of the mergers that were anticipated, there was a feeling that the companies may access, consolidate the customer information they had and sell it for other purposes other than for business. For instance, insurance companies were largely in control of most health records while banks maintained a huge database of financial information. Brokerage firms on the other hand had significant information on investment activities of their clients. A merger of the three of even two of them will have therefore exposed the customers to greater risks of illegal access and use of information. That is why the act contained the privacy provisions that regulate the use and sharing of private information of custome r of companies that needed to merge. Need for Enactment The need to enact the GrammÃ¢â¬âLeachÃ¢â¬âBliley Act (GLB) act was due to both business and government failures (Biegelman, 2009, p. 76). The US lawmakers referred to the law as a modernization law that meant to unlock the potential that financial companies had. Through that argument, Congress passed the law that repealed sections of the GlassÃ¢â¬âSteagall Act of 1933 and the Bank Holding Company Act that forbade banking companies from carrying out activities deemed to belong to the insurance sector. Congress therefore felt some potential for economic growth was inhibited by the absence of such a law. Through the GLBA act, banks were eligible to engage in a variety of financial services.Advertising We will write a custom essay sample on Repercussion of Great Depression specifically for you for only $16.05 $11/page Learn More At the same time, mergers taking place at the time in other indus tries apart from the financial sector in Europe especially led to the inclusion of the privacy elements of the law (Axelrod, 2009, p. 59). The European Union enacted the Data Protection Directive that required non-EU companies that dealt with EU citizensÃ¢â¬â¢ data to provide the same protection that these citizens were afforded in the EU zone. The self-regulatory system in the US was especially not favored by the EU hence the need to enact legislation in the US that provided the same protection as the EU. At the same time, there was overwhelming public opinion in the US that demonstrated dissatisfaction on the way banks and other financial institutions handled private information. Furthermore, there were scandals that served to highlights the risks involved in the breach of privacy. For instance, there was a scandal involving the Charter Pacific Bank of Agoura Hills, California and an adult website company. The bank illegally sold private credit card information of its clients to the company. The company then debited the accounts of the clients for services not rendered. In 1998, NationsBank was charged and fined millions for selling customer information to an affiliate investment company. The affiliate used the information to market its high-risk products to low risk borrower who in turn lost millions of dollars. Another case involved U.S. Bankcorp and the Minnesota Attorney General when he sued it for selling customer private information with third party marketers. The increasing private information violations and the expected avalanche of merger needed to be controlled. The GLBA provided the solution. Implementation The GLBA is a federal act and therefore itÃ¢â¬â¢s enforced by federal agencies (Dunham, 2000, p. 98). The various federal agencies are in charge of enforcing the GLBA law. The agencies are those that are involved directly overseeing regulation of financial institutions and other companies deemed to be financial institutions as specified by the GLBA act. The most important institution that is involved in the implementation is the Office of the Comptroller of the Currency. Other are the Board of Governors of the Federal Reserve System and the Federal Deposit Insurance Corporation, both of who should work together with the comptroller of currency.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Other agencies tasked with implementing the law include the Office of Thrift Supervision, The Securities and Exchange Commission, and the National Credit Union Administration. Additionally, the individual State Insurance authorities and the Federal Trade Commission (FTC) also have a hand in enforcing the GLBA act. According to the GLBA, financial institutions are companies that avail financial services to individuals. These services may include and not limited to loans, financial and/or investment advice, and insurance services. According to the act, all institutions that meet the definition of a Ã¢â¬Å"financial institutionÃ¢â¬ directly or by incident fall under the jurisdiction of the Federal Trade Commission. Non-bank mortgage lenders, real estate settlement service providers, banks, debt collectors, financial and/or investment advisors, loans brokers and real estate appraisers fall under this category that is directly administered by the FTC. For the enforcing institutions me ntioned above to effectively exercise their jurisdiction, itÃ¢â¬â¢s important that the financial institutions must be significantly be engaged in financial services or production that clearly makes them financial institutions. In the insurance sector, the GLBA states that jurisdiction is first enforced by the state so long as the law of the state minimally complies with the Act. Further, the state law can only enact provision for stricter compliance and not less than what the GLBA requires. It is important to note that the law sets the floor and ceiling that state laws can reach. It therefore means that the states can pass laws stricter than the federal version but not less. Impact on Business and Society/Successes Since its passage, the GBLA law has registered mixed success. Many companies have taken the advantage to merge while clientÃ¢â¬â¢s private information is safer than it used to be. At least the occurrence of scandals involving divulging of client information has been m inimal. There is a feeling however that these success have not been realized optimally. ItÃ¢â¬â¢s therefore important that the hurdles that are preventing more companies merging be eliminated before considerable success id realized. The Department of treasury says that the reaction to the GLB act has been evolutionary rather than radical. In 2003, the Department of treasury reported that out of the 6415 banking institutions in the US at the time, only a handful-633 had taken advantage of the act to transform to financial holding companies (Moeller, 2005, p. 76). Moeller (2005, p.76) says that consolidation took place but not in the scale and speed that nay analysts has predicted. This was due to a number of factors. According to (Winston Winston, 2009, p. 64) retail, banks have difficulty in buying insurance underwriters as opposed to brokerage of insurance services. Lack of experience in these banks that would have wanted to engage in wide financial services contributed to the l ack of enthusiasm form these financial players. Similarly, there was slow venturing into banking by brokerage firms owing to their diminished branch network, and lack of back shop footprint. There have been some mergers since the enactment of this law, for instance the 2004 merger of Bank of America with Fleet Boston. Despite the merger however, the conglomerates have experienced problems concerning difficulty in integrating investiments and insurance services. Additionally many other banks have had trouble with packaging of investiments and banking services to an extent that some of them have had to engage in questionable arrangements that have caused scandals. Despite the look warm reception, the treasury reported that the financial sector that has experienced the most significant change since the introduction of the Act is the securities, underwriting and dealing sectors. In these sectors, Department of Treasury says that banks have increased their ownership and as well as activi ties. Similarly, banking involvement in the insurance industry has experienced significant changes as a direct result of the enactment of this law. According to Moeller (2005, p.85), the GLBA legislation introduced significant alteration to the legal framework that governs activities of financial organizations and their affiliates in the United States. The alterations were chiefly brought by the repeal of the some sections of the Galss-Steagall Act as well as the Bank Holding Company act of 1956. (Rezaee, 2001, p. 120), states that the law has had limited impact on the Federal Home Loan Bank provisions. The act had provisions whose aim was to expand the FHLBank system for the smaller depository institutions in the US. Under the law, eligibility of several collaterals was extended for the advancement of loans to small businesses. The provisions collectively are thought to have positively impacted small businesses. Policy analysis The enactment of the GLBA act opened the markets for m ergers and acquisitions in the financial sector (Winston Winston, 2009, p. 64). Many companies in the industry favored the passage of the act at the time. One argument that they put forwards was that after the passage individuals will be able to carry out their financial transactions at one go instead of doing savings and investiments at different institutions. One of the earliest beneficiaries of the passage of the act was CitiGroup, which had merged with traveler insurance. However since the law at the time could not allow, the new entity had to be issued with a forbearance until the act was passed hence acquiring full legal status (Mayer et al 1999). Weaknesses There has been a lot of analysis on the effects and effectiveness of the GLBA act. However, the law is criticized by as having a number of flaws that contribute to its weaknesses (Schell, 1999, p. 56). The Act according to (Schell, 1999, p. 60), GLBA does not protect consumers. The opt out standards has been cited as one of the many provisions so GLBA that unfairly places on an individual to protect privacy. The opt-out standard effectively puts the customer on weaker position to control their financial information that they may consider private. The provision assumes that the financial institutions will share the customer information unless they are told not to. Additionally it assumes that financials institutions are free to share the customer information incase of non-response from customers when the institution communicates to them. The enforcement mechanisms of the GLBA have also come under attack.. (Rezaee, 2001, p. 130) asserts that enforcement and compensation mechanism laid out in the act are quite weak. He says that the mechanisms are weak to a point that they cannot assure compliance even in the face of the existing weak privacy protection mechanisms. The fact that enforcement largely rests with federal agencies leaving the individual with virtually no right of protection is a weak point that does not adequately address the problem at hand. Another weakness of the GLBA is the fact that it leaves a gap under the service provider/ joint marketing exemption. Under this exemption, the financial institutions can freely share private customer information with third parties even if the customer has opted out. This gap can easily be exploited by companies who may misuse customer information under the pretext of joint marketing. Customer control of affiliate marketing information sharing is severely hampered. Customers who may be engaged in affiliate marketing have little control over sharing or their information since they have not been considered under the opt out provision. (Benson et al. 1999, p. 79) says that financial institutions can easily amass hundreds of affiliates, which may not be dealing in financial services. They can then share customer information since customers will not be having an opt out right. The notices that will be issued under the third provision o f the privacy section are written in legal jargon, that most ordinary people wonÃ¢â¬â¢t understand. The law assumes that companies will assists customers by explaining the complex legal information that will help a customer make an informed choice. There is also the concern over the convoluted and confiding opt out notices and policies. The confusion that more often misleads clients is purposely done to serve the issuing entityÃ¢â¬â¢s interests. The act provides little room for maneuver of customers in the cases where the notices lack transparency. Additionally, the notices that GLBA demand be issued state the companies inform customers of their intention to share the information. However, they do not provide for a provision that requires the companies to reveal with whom they are sharing the information (Schell, 1999, p. 99). Many financial sector critics including President Obama have hit out at the law as the main cause of the 2007 financial crisis that almost led to the coll apse of the global financial system. According to the critics, the law led to the deregulation of the financial industry. Deregulation facilitated the formation of gigantic companies that were obsessed with the Ã¢â¬Å"too big to failÃ¢â¬ attitude. Furthermore, the law necessitated less oversight on sensitive financial dealings such as derivatives that were later taken advantage of by unethical financial dealers. Recommendations In the face of the above weaknesses, there is a need for the amendment of the GLBA act to institute changes that will ensure better protection of consumers and security of the financial system. There is need for financial institutions to implement an opt out approach that defines the use of personal information. That way, accidental, unwanted or disclosure through negligence will be avoided besides placing the burden on the actors who will be receive and gain from the disclosed information. This way the financial institutions will be protecting themselves and the privacy of their customers. Failure to implement and use of the opt out provision for advancement of corporate interests is likely to adversely affect the companies (Benson et al. 1999, p. 47). Additionally, financial institution should consider availing and accept alternative opt out methods in cases where an opt out framework is maintained by the institution. An amendment requiring the financial institutions to avail the opt out process through local branch offices or through the internet needs to be done. This will help customers make an informed decision when opting out. On the same note, the financial institutions should be required to provide simple and coherent privacy policies. The law should ensure these policies follow universal standards of readability for the enhancement of transparency (Benson et al. 1999, p. 47). ItÃ¢â¬â¢s important that the amendments to the GLBA law require financial institutions ton disclose that the information that they collect will be u sed for. This can be availed in the privacy reports and will greatly enhance transparency and accountability in these institutions. Furthermore, the amendments should require financial institutions to grant customers rights to statutory access to be enlightened about industry practices. As a result customers will be informed on the information collecting process as well as their uses. It will come in hand in making decisions. One of the most glaring omissions by the GLBA is the failure to give state authorities power to oversee the transactions carried out by these financial institutions. It is therefore important for any amendments to include provisions that will grant state authorities concurrent jurisdiction for the effective enforcement of the law. Given that all companies are situated in individual states, the statesÃ¢â¬â¢ law enforcement agencies will be better placed to implement the lawÃ¢â¬â¢s provisions (Schell, 1999, p. 101). The law will also need to have provisions t hat will make it easier for offended clients to seek redress when privacy rights have been violated. Currently the law does not give a private right of action, which greatly hampers individuals in seeking redress especially if there are issues with opting out. Additionally, the amendments should consider giving the individual the right to access and review the information so that he/she can help in correction in cases of inaccuracies and/ or incomplete data. There needs to amendments that help in the regulation of sensitive financial market practices such as trading in derivatives. Former president Clinton admitted that he was wrong and probably he may have been misled to accept the provisions of the law on the matter such as derivatives. The law as it is gives too much autonomy to financial companies. The autonomy has been unethically used and contributed to the fall of the housing market in 2008. Many analysts believe the law should have been implemented in bits. The provisions co ntained in the law gave too much freedom to the financial sector in a sudden manner that clearly overwhelmed many institutions. They also contend that the scope of operation given to these financial institutions should be reduced probably to more or less, to what it was under the GlassÃ¢â¬âSteagall Act of 1933. Its safe to assume that the provisions of this law that were repealed when the GLBA came to law played a crucial role in stemming a crisis of similar to the great depression and the 2008 financial crisis. References Axelrod, W. et al. (2009). Enterprise information security and privacy. New York: Thomson learning. Benson et al. (1999). Financial services modernization: Gramm-Leach-Bliley Act of 1999. Washington: Routledge. Biegelman, T. M. (2009). Identity Theft Handbook: Detection, Prevention, and Security. New York: Cengage Learning. Dunham, B. W. (2000). After the Gramm-Leach-Bliley Act: a road map for insurance companies. Burlington: Thomsons Learning. Ingersoll et al. (1999). Gramm-Leach-Bliley Act. New York: Routledge. Mayer et al. (1999). The Gramm-Leach-Bliley Act: executive summary review and analysis. New York: Sage. Moeller, R. R. (2005). BrinkÃ¢â¬â¢s modern internal auditing. Los Angeles: Routledge. Rezaee, Z. (2001). Financial institutions, valuations, mergers, and acquisitions. New Jersey: Cengage Learning. Schell,J.M. (1999). Private equity funds: business structure and operations. New York: Infobase Publishers. Winston,J. Winston, A. (2009). Complete Guide to Credit and Collection Law. New York: Sage Publishers. This essay on Repercussion of Great Depression was written and submitted by user Daisy Doyle to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.
Friday, March 13, 2020
TrumanÃ¢â¬â¢s Decision Many debates have been provoked based on President TrumanÃ¢â¬â¢s decision to drop the atomic bomb on Hiroshima and Nagasaki in 1945. The debate is not solely based on the bomb being dropped, but more on the actual necessity and intention of the bomb being dropped. I believe that the Presidents decision was based dually on military necessity and on the NationÃ¢â¬â¢s reputation. Truman was not a dumb man; he was inexperienced and quickly expected to make important decisions based on very little information that he had been recently made aware of. I believe that his first thought was to just end the War. I do not think he felt the need for StalinÃ¢â¬â¢s admission, but did not turn down the extra support for ending the war quickly. Truman, I believe, wanted the war over with the least amount of American blood shed. I believe that with the help of his trusted advisors, he saw that the dropping of the bomb was a faster, more effective way to end with the least amount of U.S. casualties that was available. The idea of a Soviet Union invasion probably did not settle well for the President on different levels. The first would be allies and American blood and casualties being too high. The other most prominent one, in my mind, is the idea of some one else winning the war that we have been most leading warriors in. This thought brings me to my next motive of why Truman might have dropped the bomb. I do not think Truman was unaware of the lasting effects of the atom bomb, but by the time these facts were presented to him, piled upon facts about the actual bomb and the projects supporting them, it was to late to change his decision. He needed to save face for America (which brings me to the next motive of pressure) even if it public opinion was not his main concern. Truman did not want to look soft upon the Japanese, something further consideration and negation of the plan to bomb would have caused in some officia... Free Essays on Truman's Decision Free Essays on Truman's Decision TrumanÃ¢â¬â¢s Decision Many debates have been provoked based on President TrumanÃ¢â¬â¢s decision to drop the atomic bomb on Hiroshima and Nagasaki in 1945. The debate is not solely based on the bomb being dropped, but more on the actual necessity and intention of the bomb being dropped. I believe that the Presidents decision was based dually on military necessity and on the NationÃ¢â¬â¢s reputation. Truman was not a dumb man; he was inexperienced and quickly expected to make important decisions based on very little information that he had been recently made aware of. I believe that his first thought was to just end the War. I do not think he felt the need for StalinÃ¢â¬â¢s admission, but did not turn down the extra support for ending the war quickly. Truman, I believe, wanted the war over with the least amount of American blood shed. I believe that with the help of his trusted advisors, he saw that the dropping of the bomb was a faster, more effective way to end with the least amount of U.S. casualties that was available. The idea of a Soviet Union invasion probably did not settle well for the President on different levels. The first would be allies and American blood and casualties being too high. The other most prominent one, in my mind, is the idea of some one else winning the war that we have been most leading warriors in. This thought brings me to my next motive of why Truman might have dropped the bomb. I do not think Truman was unaware of the lasting effects of the atom bomb, but by the time these facts were presented to him, piled upon facts about the actual bomb and the projects supporting them, it was to late to change his decision. He needed to save face for America (which brings me to the next motive of pressure) even if it public opinion was not his main concern. Truman did not want to look soft upon the Japanese, something further consideration and negation of the plan to bomb would have caused in some officia...
Wednesday, February 26, 2020
Trafficking in Illegal Drugs and Persons Essay Example | Topics and Well Written Essays - 1500 words
Trafficking in Illegal Drugs and Persons - Essay Example However, in the foreign policy moves, President offers to frame strategies taking into confidence Canada, Iran and France for implementing his policies to control drug and human trafficking and at the same time expanding his foreign strategies to curtail global terrorism in all its dimensions. However before that as an advisor to the President, I need to identity the ways with which Canada, Iran and France frame laws to identify, adjudicate and sentence these international criminals and put the same into practice. According to the law in Canada, drug trafficking is a very serious offense subjecting the criminals into prison. However at the same time length of the prison also depends upon the intensity of the crime and kind and quantity of substance found in the possession of the offenders. According to the Criminal Code of Canada, criminals get lighter punishment for those who have been found in the possession of the marijuana, amphetamines, hashish, and LSD. Punishment and the impos ition of the fines depend upon the quantum and nature of drug caught by the offender which can go from six months to five years and even life imprisonment and fine from $1000 to $5000 (Jourard, n.d.). Canada has defined specific laws pertaining to the human trafficking involving extortion, kidnapping, conspiracy, prostitution, forced confinement, or other organized criminal acts that involve moving of one person or groups illegally on the Canadian land for criminal acts. Besides, Parliament also formulated the Immigration and Refugee Protection Act (IRPA) and Section 118 of this law was initiated on 28the June 2002 which states that no person or persons are allowed to enter into Canada through illegal means like commitment of forgery, deceiving someone, kidnapping, or forceful pressurizing. It also includes persons who help these criminals by providing transportation, or by recruiting or sheltering them. These people if caught are liable to be punished for life imprisonment or fine to the amount of $1,000,000, or both. On 25th November 2005, these measures were made more stringent through passing of the Criminal Code curtailing trafficking and also preventing the people who are i nvolved in the obliteration or destruction of the identity, forging travel documents to help trafficking and abetting criminals to accomplish their nefarious designs. Even the federal Interdepartmental Working Group on Trafficking in Persons (IWGTIP), under the co-chairmanship of Justice and Foreign Affairs, also assists in the activities to solve the trafficking problems (Raaflaub, 2006). The graver of these two is the terrorism problem for which soon after the terrorists attack on the World Trade Center, Canadian government initiated plans to control any kind of terrorist activities. $280 million had been spent by the Canadian government in its immediate initiatives to strengthen law enforcement agencies with the main emphasis on quick tracing of fraud-resistant Permanent Resident Card for new immigrants, provision of security for the refugees, quick detention process and deportation, recruiting of highly skilled and trained staff to increase the power of security at the ports, up gradation of the technology, equipments and making all the
Monday, February 10, 2020
Retail - Essay Example Retailing is a critical part of modern society because of convenience. Retailing fosters the transportation and presentation of consumer goods to the doorstep of buyerÃ¢â¬â¢s doorstep (OÃ¢â¬â¢Brien and Harris, 2012). The community gains from retailing as retail enterprises conduct marketing roles that make it likely for consumers to make use of a wide range of commodities and services. A second critical role played by retailing in contemporary society is availability. Commodities and services do not have value for consumers until they acquire and use them. Retail enterprises get commodities and services from various locations, categorize them at one point in line with consumer needs, and foster consumer availability. Retailing is also a critical part of modern society because of bulk convenience. Retail shops itemize bulk goods and present them in amounts and sizes as wanted by customers (OÃ¢â¬â¢Brien and Harris, 2012). Retail stores assist consumers by offering suitable goods, services, and guidance in the packaging and amounts they want. Retailing is assures a supply chain, which is critical to contemporary society. A supply chain ensures the flow and availability of commodities and services to consumers after leaving manufacturers or distribution points (Madaan, n.d.). The supply chain is an incorporated framework in which retail enterprises play a vital role. The relationship between retail enterprises and manufacturers or distributors is a categorization process. This process entails gathering a variety of commodities and services from a broad array of suppliers, and presenting them for sale (Madaan, n.d.). Another chain assured by retailing is the value chain that is critical for modern society. When buyers buy products, retail enterprises ought to order additional products to refill their stock (OÃ¢â¬â¢Brien and Harris, 2012). Afterwards, manufacturers buy additional resources to use to make additional products. This process is the root of consumer spending, which drives modern society. Retailing also boosts employment, which is a critical aspect of modern society. A host of enterprise communities and individuals make up the manufacturing, distribution, and retailing process of economy. Retailing makes up the biggest revenue maker and job producer just after agriculture. Retailing offers jobs to the least financially fortunate and unprofessional together with the learned and skilled.