Communism vs. Hegelism - 1679 Words

In the late 18th and early 19th century, revolution was on the tip of the world’s collective tongue. The French monarchy was in the process of being overthrown; there was political and civil unrest throughout Europe. In the midst of all this turmoil Georg Wilhelm Friedrich Hegel emerged, presenting an analysis of history that would echo through the future, an understanding of the human condition, and an estimate of the end of said history and what would bring it about. This end of history would be brought about by the State, for the State’s sole purpose was to bring positive change and freedom to the individual. Less than a century later, Karl Marx released the Communist Manifesto. Marx had drawn heavily from Hegel for basis of his†¦show more content†¦Hegel believed that this was the case because the State, the democratically elected, equally represented State, exists for one reason only: to provide and improve the freedoms of the individual citizens withi n it. The State is created and owned by all the people that it rules, â€Å"The State, its laws, its arrangements, are the rights of its members† (Hegel 346). As a result, Hegel believes that there can be no further progression of society, as there is no longer a class to oppress another. There will be no more class struggle, no more uprisings, no more revolution for all changes will now be made within the State. Change will occur, but history, as Hegel has described it, will no longer progress. By stating that history has ceased and that we have reached our perfect method of achieving freedom, Hegel has essentially proposed a perfect, overly idealistic world; a world which we have no indication that we have reached, and if we still have yet to improve, he makes no mention of where improvement much occur. In essence, this leaves those following a Hegelian view of society without any real path to follow, and no set objective to achieve. Conversely, Marx lays out not onl y what is required of the world in order to attain our perfect societal state, but also what is required in order to arrive there. Carl Marx, while similar to Hegel in some ways

What Went Wrong with Libor Rate - 2312 Words

s [pic] GROUP #: 5 MEMBERS #: 47713, 00000, 00000, 00000, 00000 PROGRAM: MBA29 COURSE: FINANCE IN INTERNATIONAL MARKETS INSTRUCTOR: PROF. LUC KEULENEER GROUP PAPER: WHAT WENT WRONG WITH LIBOR RATES? â€Å"Honesty is a very expensive gift. Do not expect it from cheap people† Warren Buffet Table of Contents Introduction 2 History 2 Origen of the crisis 3 Probable Reasons for the LIBOR manipulation 5 Main players involved in the LIBOR scheme 6 Recommendations on what to do to avoid this problem 6 Reference List 8 What when wrong with LIBOR rates?†¦show more content†¦Barkley replied that its situation was strong and that it believes that were the other banks the ones that were quoting lower than effective interbank borrowing cost rates (Kregel 2012. p. 2-4). The main victim of this manipulation would have been the competitiveness in the financial markets; as this scheme would unfavorably influence the efficient distribution of capitals and cause distortion of prices, i.e. the mortgage prices would decreased and therefore the amount of houses sold would increase dramatically as well as related assets; such as: furniture, construction materials, etc. while depressing others. The (Abrantes-Merz, Kraten, D. Metz, and Seow, 2012. p. 138). The free market principles were breached and the impact was staggering as the Libor is the main benchmark for short-term Interest rates, a negligible distortion on LIBOR would lead to huge capital transference from lenders to borrowers in an immoral way (Abrantes-Merz, Kraten, D. Metz, and Seow, 2012. p. 1). Maybe the very same process to estimate the LIBOR rate propitiated the manipulation scheme. The BBA select 16 banks that submit quotes based on their effective funding costs. This open the possibility that even 5 of the 16 banks could collude to influence the LIBOR rates. The type of banks selected could also be a factor to try to influence the LIBOR, i. e. If they are lenders, they would be benefited from higher IBOR rates; on the other hand, if borrowers they would welcomeShow MoreRelatedWhat Went Wrong with Libor Rate2312 Words   |  10 PagesMARKETS INSTRUCTOR: PROF. LUC KEULENEER GROUP PAPER: WHAT WENT WRONG WITH LIBOR RATES? â€Å"Honesty is a very expensive gift. Do not expect it from cheap people† Warren Buffet Table of Contents Introduction 2 History 2 Origen of the crisis 3 Probable Reasons for the LIBOR manipulation 5 Main players involved in the LIBOR scheme 6 Recommendations on what to do to avoid this problem 6 Reference List 8 Read MoreAnalysis Of Barclays Ceo Bob Diamond1189 Words   |  5 Pages2012, Barclays CEO Bob Diamond went before the Treasury Select Committee in the U.K. House of Commons admitting that his company manipulated the LIBOR (the London Inter-Bank Offered Rate). LIBOR has been used since 1969 as a reference rate in the operations of international financial markets and become the basis for trillions of dollars of financial transactions. This case study gives background and overview on the events that lead to and who were all involved with what happened. Ethical challengesRead MoreBarclays and the LIBOR scandal2051 Words   |  9 Pagesindividuals that benefitted from the manipulation of LIBOR. The Barclays derivatives traders, Money Market Desk, Bob Diamond and senior management and other banks all had some sort of gain from the LIBOR scandal.Let’s start with the people that had the most monetary gain - the Barclays derivative traders. It is said that LIBOR has been manipulated since the early 90s. Since then, there has been trillions of money made by derivate traders as they influence LIBOR. The traders communicated with the Money MarketRead MoreBarclays Scandal: Libor Essay2304 Words   |  10 PagesFebruary 2013 Subject Implication of The Recent Libor-Fixing Scandal for Barclays Bank 1. Executive Summary * The London Interbank Offered Rate (Libor) is the average interest rate charged to banks for lending funds in the interbank market (Investopedia n.d.). * The UK Treasury reported that Libor is responsible for an estimated $300 trillion worth of financial transaction (BBC 2012). * Barclays’ traders submitted inappropriate rates upon derivative traders request (FSA 2012). Read MoreShould Big Banks Be Broken Up?1842 Words   |  8 Pagesaimed to end this TBTF distortion, yet the question remains that whether these proposed reforms could effectively respond to the crisis. Calomiris(2013) uses the analogy of a laundry list to argue that what regulators and politicians do is just like assembling a laundry list of the things that went wrong in the last crisis and then they introduce a new, more complicated set of regulatory initiatives which only prevent the repetition of the problems. Others such as Admati(2013) share the view, and Johnson(2013)Read MoreCfa Level 3 2013 Summary8327 Words   |  34 PagesLiquidity, tIme, Tax TDA vs. TEA – Higher Enders Take TEA – Higher Ending Tax rate TEA better Residence vs. Source – Pay Greater rate with Credit, Exempt Source Income, Deduct Paid Taxes If our Human Capital is Bond-like, we should invest more aggressively (equity) and our demand for life insurance increases. ------------------------------------------------- Type I amp; II Error – Type I, I did something (rejected H0) wrong; Type II, failed TO reject H0 ------------------------------------------------- Read MoreCredit Crunch And Its Effects On The Economy1752 Words   |  8 Pageswas less liquidity in money market and most of business owners were affected because there was fewer cash flow in business and the whole economy. However, there are various reasons that cause credit crunch for example, sudden increase in interest rates, direct money controls by the government and a drying up of funds in the capital market (Pettingger, 2011). It can be seen that 2007 credit crunch occurred due to the deficiency of funds in money market as a result from the collapse of big financialRead MoreAnalysis Of The Current Financial Crisis3196 Words   |  13 Pagesconfusing as to what model exactly should one believe in, what really happened, why and what should be put to action to prevent a repeat of the same situation. This paper analyses the current financial situation, explaining it the different theories of financial crisis, with evidences. Krugman explains the cartoon model of financial crisis. The model has three parts; the aggregate demand equation. The equation relates the domestic spending to real income alongside the interest rate, with the netRead MoreI Just Want to Register5605 Words   |  23 PagesWhat Went Wrong with Starbucks? Financial Analysis and Business Evaluation Case Study By Julia S. Kwok* Elizabeth C. Rabe Northeastern State University * Corresponding author: Department of Accounting and Finance, College of Business and Technology, Northeastern State University, Broken Arrow, OK 74014; Email: kwok@nsuok.edu; Phone: 918-449-6516. What Went Wrong with Starbucks? Financial Statement Analysis Abstract After decades of grande growth based on the Starbucks experience, StarbucksRead MoreStarbucks5608 Words   |  23 PagesWhat Went Wrong with Starbucks? Financial Analysis and Business Evaluation Case Study By Julia S. Kwok* Elizabeth C. Rabe Northeastern State University * Corresponding author: Department of Accounting and Finance, College of Business and Technology, Northeastern State University, Broken Arrow, OK 74014; Email: kwok@nsuok.edu; Phone: 918-449-6516. What Went Wrong with Starbucks? Financial Statement Analysis Abstract After decades of grande growth based on the Starbucks experience, Starbucks

If You Were a Manager How Would You Motivate Your Employees Free Essays

What motivates employees? Motivation is the inner power or energy that pushes toward acting, performing actions and achieving. Motivation has much to do with desire and ambition, and if they are absent, motivation is absent too. The topic of motivating employees is extremely important to managers and supervisors. We will write a custom essay sample on If You Were a Manager How Would You Motivate Your Employees or any similar topic only for you Order Now Motivation strengthens the ambition, increases initiative and gives direction, courage, energy and the persistence to follow one’s goals. A motivated person takes action and does whatever it needs to achieve his/her goals.Motivation becomes strong when you have a vision, a clear mental image of what you want to achieve, and also a strong desire to materialize it. In this situation motivation awakens and pushes you forward, towards taking action and making the vision a reality. A great place to start learning about motivation is to start understanding your own motivations. The key to helping motivate your employees is to understand what motivates them. Each person is motivated by different things and in different ways.Whatever steps you take to support the motivation of your employees, they should first include finding out what it is that really motivates each of your employees. You can find this out by asking them, listening to them and observing them. A positive motivation improves productivity, quality and service and it helps people to gain a positive perspective, create the power to change, it build self-esteem, capability and manage their own development and help others with theirs too. To have successful business managers must keep motivation standards amongst their employees at a high level.The following specific steps can help you go a long way toward supporting your employees to motivate themselves in your organization: 1. Salaries: some people work for personal fulfilment, others work for love of what they do. Others work to accomplish goals and to feel as if they are contributing to something larger than themselves. The bottom line is that we all work for money. A good salary every month keeps employees happy, so that they can satisfy their basic needs like food, clothing and shelter.So managers should pay sufficient amount of salary and also be able to increase that amounts on a yearly basis too. 2. Safety at work and good work environment: working conditions are very important to employees because they influence the way they feel about the place they work in. Employees should work in humane conditions so they can feel good and comfortable. In this way they can apply themselves better to the work they are asked to do and therefore they can achieve more. It is also equally important that employees feel to be safe and protected in a good, modern office building, rather than an old one. . Offering training: one thing employee’s demand from the organisation, especially younger employees, is the opportunity to sharpen or add to their skills. Offering training as a perk for a job well done can be very beneficial. It makes them happy because they can learn more skills and they become more employable down the road. The type of training you can offer depends on the type of business you have, but it should certainly include computer courses as technology nowadays has developed so much that it makes business life easier. Such courses are more suited to today’s younger employees.Older employees may appreciate courses offering management skills, financial planning and so on. You can offer in house trainings or send your employees off-site. Or you can offer video and internet-based trainings. What matters is to design such a job related training programme that will not only be job related but also to develop personally the employee. 4. Recognition: Positive recognition is one of the mightiest of motivating factors at work. When employees accomplish what they have been asked to do at high standards, they feel the sense of achievements. Your recognition is appreciation for that achievement.I believe that most managers don’t give enough recognition to their employees because they don’t get enough themselves. By taking notice of an employee’s efforts and letting the employee know when he or she is doing an especially good job, you’ll reinforce that behaviour and the employee is likely to repeat and build on the traits you want to encourage. It is worth panting out that recognizing and rewarding an employee’s good work has little or no cost. This recognition and rewarding of excellent performance can take several forms like a gift, a new job title or a bonus. Also, after an employee has worked hard to complete a project or dealt with successfully an especially stressful situation, you might give to that employee an afternoon or a day off with full pay, of course. Verbal rewards are very important too. To receive a praise from managers makes the employees very happy and gives them the satisfaction that their work is recognised and appreciated. 5. Flexible hours and time offs: employees should provide, if their business activity allows it, flexible hours of work to employees.The number of working hours per day cannot change but the employee can choose after agreement with his manager the time he can start and finish his work. Furthermore, instead of paying the employees for extra hours they worked on, they can be granted time off. 6. Promotions: Another important factor that encourages the employees to work hard and diligently is to know that their efforts will be rewarded and will rise up in hierarchy in the organisation they work for. Therefore, employees expect that their performance will be evaluated objectively and that they will be promoted accordingly.Not all motivation theories apply to all employees. Nowadays, employees are very demanding and therefore depending on their perception of life they get influenced differently about what they expect from their employers. Having studied these theories I have isolated the following specific theories that I think they have real impact on today’s demanding employees. Foremost is the Two-Factor theory of Herzberg’s and sometimes also called motivation-hygiene theory that explain the two ways between the Extrinsic and Intrinsic. In the belief that an individual’s relation to work is basic and that one’s attitude toward work can very well determine success or failure. Certain characteristics tend to be consistently related to job satisfaction such as work itself, responsibility and achievement and others to job dissatisfaction such as company policies, salary, supervision and working conditions. Companies around the world are cutting back their financial-incentive programs, but few have used other ways of inspiring talent.Numerous studies have concluded that for people with satisfactory salaries, means some non-financial motivators are more effective than extra cash. For example, McKinsey Quarterly survey underscores the opportunity. The respondents view three managers with satisfactory salaries are more effective than cash bonuses or increased base pay by leadership attention and a chance to lead projects or task forces in order to â€Å"makes employees feel like they’re part of the com pany’s future. † As a sequence, this way making employees feel that their companies value them, take their wellbeing seriously and strive to create pportunities for career growth in order to go above and beyond expectations. The company has reframed the incentives issue by putting the focus on â€Å"recognition† instead of â€Å"reward† in order to inspire a more thoughtful discussion about what motivates people. This company associated with the work itself or to outcomes directly derived from it, such as promotional opportunities, opportunities for personal growth, recognition, responsibility and achievement. These are the characteristics that employees find intrinsically rewarding.Other general accepted theories nowadays are the Hierarchy of Needs of Maslow’s and similarly ERG theory of Clayton Alderfer’s that there are three groups of core needs such as existence, relatedness and growth. Several studies have supported ERG theory, but there is also evidence that it doesn’t work in some organizations. However, this theory represents a more valid version of the need hierarchy. For example, the hotels Ritz-Carlton engages its staff to increase employee satisfaction and i mprove customer service. The hotels offer food and residence for staff and every day, employees of every department in every Ritz-Carlton hotel around the world gather for a 15-minute staff meeting where they share â€Å"wow stories. † Managers encouraged speaking up during staff meetings and also they don’t focus on what employees have done wrong, but instead seek to help them improve on a given task as a result reinforces a customer service skill. Most important, it gives an employee â€Å"local fame. † Employees want to be recognized in front of their peers.Giving them public recognition is a powerful motivator. Furthermore, moods are contagious. Managers who walk around with a smile on their face and demonstrate passion for their jobs have an uplifting effect on others. The hierarchic theory is often represented as a pyramid, that unsatisfied needs motivate or that a satisfied need activates movement to a new need level. This company associated by safe and pleasant working conditions, public recognition and achievement in a work. Similarly, my strongly belief is that the most hotels using these theories.REFERENCEShttp://www. hpl. hp. com/news/2010/jan-mar/pdf/HPL_AnnualReport_2009_ScreenRes. pdfhttp://www. forbes. com/2010/04/07/motivating-employees-rewards-leadership-dewhurst. htmlhttp://managementhelp. org/guiding/motivate/basics. htm How to cite If You Were a Manager How Would You Motivate Your Employees, Papers

Social Studies Sba free essay sample

How Drug Abuse Affect The Citizens Of the Salt Spring Community The method used to collect data in this project is interviews. What is an Interview? An  interview  is a conversation between two people (the interviewer and the interviewee) where  questions  are asked by the interviewer to obtain information from the interviewee. Data Checklist/questionnaire 1. What is your Name? 2. How old are you? 15-19 3. What is your gender? 4. At what age did you start using drugs? 5. What kind of drugs do you use? 6. How does it affect you? 7. What influence you to start using drugs? The interviewees were approached and made aware of what I was doing, fort(40%) of them agreed to be interviewed the same time at which I approached and sixty(60%) agreed to be interviewed at a later date, which was arranged. Interviews were done at the Salt Spring Health Center, at my home, and at a shop in the community. We will write a custom essay sample on Social Studies Sba or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Chart Showing Gender Involve in study The chart above display the gender difference in the research of out 15 persons interviewed 12 being males and a mere three being females. Chart showing Types of Drugs Used by Both Genders The chart above shows the percentage of drugs used by both male and female and what kinds. All of the interviewees reported using all the drugs listed expect for cocaine which all the female deny using. Marijuana had the highest numbers of users with all respondents reported using it, next on the list being marijuana again all respondents report using the drug, next on the list is cocaine with only two(2) of the respondents report using which were only males. Finally ecstasy with only two respondants using one male and one female. Respondents| Alcohol| Marijuana| Cocaine| Estacy|