Early Sunday Morning :: essays research papers

Early Sunday Morning, is a Dear America book. It's the Pearl Harbor diary of Amber Billows by Barry Denenberg. This book is about a girl whos father is a newspaper writer. They move almost every month. The reason for this is so he has something to write about. This time they were moving to Hawaii. The family hated moving and so did the dad but he didn't show how much he did. He hid it from his family. When Amber found this out she spent the next day at the library learning about Hawaii. The night before they left to Hawaii they had a dinner. Amber couldn't believe that her father was having a party the week before they left. All week Amber was hoping that her friend Allison didn't talk to her and she didn't. One night she was in her room reading a book when she looked up and there was Allison at the foot of her bed. Then Amber told her that she was moving to Hawaii. Allison just started to cry and then she said she would never find a better friend then her. Then Amber started to lau gh to cheer her up. She said she would write every week. They could be pen pals. The next day she said good bye to Washington and aloha to Hawaii.   Ã‚  Ã‚  Ã‚  Ã‚  This book is a turn pager because it's interesting to see what happens to Amber. They have to adapt to the beautiful place they are going to be in for awhile. They went down to the beach to see the surfers and Amber's little brother Andy said that the reason why there weren't many surfers is because the sharks ate them. Amber eventually had to go to school. She was so nervous. She thought that she wouldn't have any friends but she made one. Mr.Poole asked her if she liked to read and she said very much. He then gave her a booked called The Secret Garden. He told her she liked it as much as he did. After Thanksgiving Amber didn't know if they were going on a tour of Pearl Harbor with Lieutenant Lockhart because he had offered to take them. Andy, her dad, and Amber went on the tour. Andy was so excited. They got to see the ships on battleship row and after that they went to see the Lieutenant's ship called the USS Arizona.

Liz Claiborne: Leadership Analysis Essay

Liz Claiborne was a revolutionary in the fashion industry. She overcame failures in her childhood and early adulthood to become a leader in the business world. Determined to find her place in the fashion world, she wanted to a design company with her own vision. She wanted to empower her customers with quality clothing at an affordable price. In 1976, Liz Claiborne, along with partners Art Ortenberg and Leonard Boxer, created Liz Claiborne, Incorporated. As a designer she was programmed to be task oriented. Because she was task oriented, her leadership skills main weakness in her leadership style. Nevertheless, because she was a role model and supporter of career driven woman, Liz predominantly portrays the transformational leadership style. Liz was able to create a company and a vision that moved milestones for women in the professional world and created higher standards for the fashion industry. The company made $2 million in sales its first year and went public in 1981. (need cita tion-Fortune 500?) Liz Claiborne, Inc. became the first company founded by a woman to make the Fortune 500 in 1986. (need citation-Fortune 500?) II. Biography Anne Elisabeth Jane â€Å"Liz† Claiborne was born March 31, 1929 in Brussels. Her parents were descendents of Louisiana ancestry. Liz was the youngest of three. The family returned to New Orleans in 1939 at the beginning of World War II. Years later, the family relocated to New Jersey. Liz attended primary and secondary schooling, only reaching her sophomore year. When she was teen, Liz was inspired by an art history teacher. (Ortenberg, page 25-27) A man of the times, Liz’s father did not encourage her education. He did, however, approve of her ambition for art. He deemed it â€Å"a proper activity for a woman.† (Ortenberg, page 27) With her father’s approval, she immersed herself into the art world. Liz Claiborne won the Harper’s Bazaar design contest the year of 1949. The prize included a trip to Paris for ten days. After a year in France studying art, Liz returned to America. (Ortenberg, page 28) Soon after, on a trip with her parents, she announced her choice to begin a fashion designing career in New York. Without emotion, her father handed Liz a fifty dollar bill and her suitcase. He wished her, â€Å"Good luck,† got back into the car, and drove off. (Ortenberg, page 30) Liz did not speak to her father for another twenties years. Determined to find her way, Liz worked the Harper Bazaar opportunity and landed a job interview. Although she did not get the job, she did get a date and later on married the interviewer, Ben Schultz. Liz’s marriage was short lived with Ben, but did produce her only son Alex. Through the next handful of years, Liz worked through her apprenticeship and raised Alex. Liz Claiborne was becoming the women she would later design for, a career driven woman. One year after Alex was born; Liz met her future husband Art Ortenberg. Art was department head of the dress department at Juniorite, a junior sportswear company. Liz was a new designer. Liz and Art were both currently married. When the company found out about the affair, Art was fired. Liz stood by Art and quit. The two began a relationship that led to marriage in July of 1957. Art Ortenberg and Liz Claiborne were married for forty-nine years. (Ortenberg, page 245-247) Over the next fifteen years, Liz Claiborne waited patiently to pursue her dreams fully until her son was able to support himself. She had found job security as a designer at Youth Guild for those fifteen years. In 1975, Liz passed on an opportunity to break off and develop Youth Guild separate from its mother company, Jonathan Logan. She new it was time to begin a design company with her own vision. In the seventies, the working woman was making a name for herself. Liz was there to dress her. Liz Claiborne, whom was also career driven, understood what her customer needed. As a woman, she new the daily insecurities females face. She wanted to empower her customers with quality clothing at an affordable price. In 1976, Liz Claiborne, along with partners Art Ortenberg and Leonard Boxer, created Liz Claiborne, Incorporated. Liz would head the design team, Art would be in charge of operations, and Leonard would work the production side. In the beginning, Liz was the salesperson for the company. Looking for feedback, Liz would present merchandise and sketches to potential and experienced buyers. She wanted the truth. She found it: price. (Ortenberg, page 247-251) The foundation of Liz Claiborne, Inc. would be created upon the idea of comfortable, easy-to-match separates. Although a simple concept â€Å"women should not have to spend a fortune to look good,† (Hayes) the notion revolutionized the way woman presented themselves in the workplace. The company made $2 million in sales its first year and went public in 1981. (need citation-Fortune 500?) Liz Claiborne, Inc. became the first company founded by a woman to make the Fortune 500 in 1986. (need citation-Fortune 500?) Liz Claiborne had her own sense of design, but she also had her own theories on management style. Liz emphasized equality in the workforce. According to Hayes, she thought with the team in mind and fostered their enthusiasm. (Hayes) Liz was also geared to teach techniques. She loved to teach through demonstrating. She thought of her work force as family. She believed good teachers and good programs involved good parents. According to Ortenberg, Liz and Art thought of themselves as the parents of the company. (Ortenberg page 37) Towards the end of her reign in 1989, Liz felt she was too far away from the actual process and could not make accurate management decisions. Therefore, she resigned as manager in 1989. Liz Claiborne was highly regarded in the fashion industry. Her success was marked in 1990 and 1991 with many awards and recognitions, including induction into the U.S. Business Hall of Fame and the Marketing Hall of Fame. She also received an honorary doctorate from the Rhode Island School of Design. (Ortenberg page 145-152) According to Ortenberg, this was the â€Å"highest point of Liz’s professional life.† (Ortenberg page 147) In her life after the company, Liz was an avid conversationalist. She took part in and donated too many wildlife-conservation groups. To date, Liz and Art’s foundation has given away $40 million to wildlife grants. (Johnson) In 2007, Anne Elisabeth Jane â€Å"Liz† Claiborne, fashion icon and industry revolutionary, lost her ten year battle to cancer. Following her death, she was awarded a plaque on the Fashion Walk of Hall of Fame in 2008. Liz was a leader that understood the beauty behind the design of her clothes. More importantly, Liz Claiborne understood the beauty behind the design of life and the people we share it with. III. Analysis of Leadership Liz Claiborne had her own sense of design, but she also had her own theories on management style. In the following section, the leadership approaches Liz Claiborne used will be discussed. In addition, the least descriptive and the most descriptive theory will be outlined and supported. A. Skills Approach The skills approach is the idea leadership is based upon capabilities that can be learned and developed. The skills based concept describes what a leader does. Skills are important because leaders must be able to communicate their vision and effectively accumulate and structure information to facilitate problem solving and performance. Mumford, Campion and Morgeson (2007) examine leadership based on cognitive, interpersonal, business, and strategic skill. In addition to the four capabilities, different levels of management require different levels of skill. For example, upper level management positions require more strategy skills than lower level management. (Kalargyrou) As Liz took an upper-level position of power within the company, she grew out of her task oriented comfort zone. Liz thought as a designer, â€Å"The further one removes oneself from the actual work, the less value one adds to that work.† (Ortenberg, page 151) Towards the end of her management days, Liz had come to a point where she was not gaining more knowledge and developing herself as strategic partner. The company was developing into a new environment around her. It was not the family size that she had once known. When she realized the weakness in her leadership approach, she retired from the upper level management position at the company. B. Style Approach Leadership can be separated into two types of leadership behaviors: task behaviors and relationship behaviors. Task behavior focuses on the production factor of the organization. Task behaviors are also concerned with the technical aspect of how duties are performed. Relationship behavior is geared towards the social awareness of the organization. It is the concern for the people of the organization. By combining different levels of each of the styles, various leadership styles can be formed. In The Relationship Between Paternalistic and Leadership and Organizational Commitment: Investigating the Role of Climate Regarding Ethics, the geru takes in a chela that is helpless and dependent. The guru recognizes it is his goal to nurture and develop the chela into a confident teacher. He encourages the chela to ask questions. By empowering the chela, the guru leads his disciple to success. Much like the guru, Liz Claiborne took on a nurturing and guiding role within in company. In this aspect, Liz takes on a paternalistic/maternalistic view of leadership. She considered her team a family, where she and Art Ortenberg were the parents. (Ortenberg) Liz encouraged her team to ask questions and lent her experience to help develop them into better designers. Liz used task behaviors to teach her subordinates and relationship behaviors to cultivate a learning and family-like environment. C. Contingency To effective lead subordinates, a leader must have the appropriate styles contingent upon the situation. The effectiveness is dependent upon the leader’s style and how it interacts in situations that are favorable to the leader. (Cruz, Nunez & Pinheiro) Leaders are primarily motivated by the tasks and relationships. Fiedler’s theory takes those motivations and applies them to situational variables. (Cruz, Nunez & Pinheiro) Three key components to the Least Preferred Coworker Scale (LPC) are the leaders/members relationship, the task structure, and the position of authority. (Cruz, Nunez & Pinheiro) Liz Claiborne had close relationships with her subordinates when she first started up the company. She had hired Nancy, a pattern maker. Nancy respected and had confidence in Liz’s position. Liz was the only designer at the time and had full control over the task structure in the beginning. Liz had maximum influence over her company. Therefore, she was task oriented and had a low LPC. As her company grew and her lack of control over the design process diminished, Liz Claiborne should have molded herself into a stronger, relationship-oriented leader. Because she did not adjust her leadership style based on the situation and of the company and what it need for growth, Liz Claiborne was not as an efficient leader towards the end of her time as CEO of Liz Claiborne, Inc. An important stressor is that the contingency theory allows for a leader not to be effective in all situations. (Northouse 2007) Liz was more efficient she was working in a one-on-one, task oriented environment. When Liz was taken away from a task oriented environment, she lost the structure that made her the career woman she started out as. D. Transformational Leadership Transformational leadership is a process between the leader and follower. Leaders motivate followers to strive to a higher level of achievement. In doing so, the follower is transformed. The first component of transformational leadership (TFL) is idealized influence. (Phipps, Prieto, Verma) Liz Claiborne inspired women through her leadership. She was a role model that many women could look up to. The second component of TFL is inspirational motivation. (Phipps) Liz had fought through adversity growing up and had still com out on top. She wanted to empower woman through clothing. Being designers and customers, many of her followers believed in her vision. The third component of transformational leadership is intellectual stimulation. (Phipps) According to Hayes, she always encourages employees to challenge themselves. Liz would conduct weekly meetings to spark new ideas. She loved to teach, and in doing so encouraged the promotion of many female designers. (Hayes) The fourth and final component of TFL is individualized consideration. Liz individualized the followers’ needs and would focus on their personal development. She loved to teach, and in doing so encouraged the promotion of many female designers. Was a transformational leader in and out of the business. Transformational leadership is most descriptive of Liz’s leadership style. She used transformational leadership in her company to promote organizational performance and employee motivation. She met upheld the standards of the components of the theory. It is the author’s belief that the transformational leadership approach Liz Claiborne took with the company led to her success as a business leader. IV. Conclusions Liz Claiborne’s determination and life experiences as an early adult and child helped shape her into a great business leader. Thanks to the encouragement in the development of her love and eye for art, she had the drive to follow her dreams to be a fashion designer. Struggling to reach the top as a single mother, made her a great leader because she could later on relate to her demographic of consumers and the followers she would one day lead in her company. Liz had her leadership ups-and-downs in the latter part of her management, but she knew when she was out of her scope. As a strong and determined woman, Liz Claiborne’s legacy will live on in the fashion industry as a leader who transformed the industry of women’s fashion design.

Medi Gender And Crime - 1771 Words

Media Gender and Crime GENDER AND JUSTICE Over the many years media has had a tremendous impact on society. Media has been responsible for shaping the culture for generations through music, movies and television. It seems logical that since the media has an influence on society’s norms when the media promotes violence and crime the audiences become more likely to imitate those behaviors. The media has been known to contribute to the violent culture through music, art, television and movies (action, suspense and horror); Movies and music where the dominant violent roles were occupied by men and when they involved women they were often accomplices or accessories to the crime. Although they may be amusing they are also exposing the†¦show more content†¦Bonnie Parker was accused of smuggling her imprisoned lover (Clyde Chestnut Barrow) a gun that allowed them to escape and after his escape the couple took united for a crime spree that consisted of robberies, kidnapping and murders. The crime spree eventually end ed horrible with their death resulting from a storm of gunfire during a police ambush. The idea of committing crime in a loyal devotion to your relation seemed to captivate the American audience and inspire couples across the nation. That story served as the foundation for female criminals. The media romanticized the couple so although their actions were violent and horrifying they were idolized as icons in the criminal culture. The fatal attraction of the outlaw couple led them to be one of the most popular criminal couples of all time. Since that era females role in crime have evolved across the board. Women have become more diverse with their criminal offenses. When woman were first portrayed as criminals in the media their role was often as an accomplice and an accessory, rarely as the primary offender. In recent times woman have took more dominant roles as criminals. The media has come to recognize women participation in numerous crime types. Now it is more common than before for a female to have drug charges, gun charges, assault charges, and even murder charges. Sandra Avila was informally known as â€Å"La Reina del Pacifico† which translated into queen of the Pacific. Sandra was a third generation drug

Buddhism Essay - 2598 Words

Buddhism Gautama Buddha, previously known as Prince Siddhartha (before his enlightenment) founded the religion of Buddhism. Gautama Buddha was born to Queen Maha-Maya at Kapilavastu, Nepal, Indian. Buddha taught and organized the Sangha, monastic orders, until his death at Kusinagara, at the age of 80. There are 308,000,000 Buddhist devotees in the world today. They believe that there has been Buddha before Him; Bodhisattvas who come as Saviors of all and that all beings are Buddha whether they realize it or not. There are 4 cardinal events in the life of Buddha that represents 4 major pilgrimage centers for Buddhists: His Birth at Kapilavastu, His Enlightenment at Bodhgaya, His First Sermon at Sarnath, and His Death at†¦show more content†¦Four angels kept guard to ward off all harm from the Future Buddha and the Future Buddha’s mother. After carrying the Future Buddha, for ten months, Queen Maha-Maya, was sent on her way, with great fan fare, to visit her kinsfolk in Devadaha. Between the two cities, in a pleasure grove of sal-trees, called Lumbini Grove, she decided to stop and give birth standing up. She reached to hold a branch, and immediately her pains came, while people hung a curtain around her. At that moment four pure-minded Maha-Brahma angels came bearing a golden net and received the Future Buddha on it and placed Him before his mother. Then they delivered Him to the four guardian angels, which delivered Him to men who received him on a coil of fine cloth and let Him unto the ground. Gods and men made offerings to him saying â€Å"Great Being! There is none your equal, much less your superior.† After Buddha has surveyed all the ten directions, he went forward followed by Maha-Brahma holding over him a white umbrella, Suyama bearing a fan and other divinities the other symbols of royalty in th eir hands. Queen Maha-Maya tells the King Suddhodana of her dream of His Divine Birth. The king invited Brahamans to interpret the dream who said â€Å" You will have a son. If he continues to live the household life, he will become a Universal Morarch; but if he leaves the household life and retires from the work, he will become a Buddha, and roll back the clouds of sinShow MoreRelatedBuddhism : Buddhism And Buddhism1009 Words   |  5 Pages Zen Buddhism isn’t exactly a â€Å"religion†, but a way of living. It creates peace within the human mind that allows one to grow, develop and look at the world more positively. Originating in China in 650 C.E., Zen Buddhism is a combination between Indian Mahayana Buddhism and Taoism. Mahayana Buddhism promotes bodhisattva, which is practicing the way of life in the direction of Buddha. Taoism is a religion developed by Lao-tzu, a Taoist philosopher, and focuses on obtaining long life and good fortuneRead MoreBuddhism, Buddhism A nd Buddhism1371 Words   |  6 PagesBuddhism is one of the largest religions in the world that started in India. Later spreading to China,Burma,Japan , Tibet and other parts of southeast Asia. Buddhism is a religion that Is concentrated on spiritualism than religious teachings. Established by the buddha, one must obtain their own spiritual awakening, or nirvana through meditation. There are three main branches of Buddhism Theravada Buddhism , Mahayana Buddhism and Tantric Buddhism. About 2,500 years ago, Prince SiddharthaRead MoreBuddhism : Buddhism And Buddhism982 Words   |  4 PagesBuddhism is a philosophy that is often viewed as a religion and dates back to approximately 6th century B.C.E. Buddhism originated in the Indian subcontinent by a man known as Siddhartha Gautama. The original language of Buddhism is often debated as some scholars believe that it was first practiced in Pali while other believe it was first spoken in Sanskrit. The practice of Buddhism first spread to China in the 2nd century A.C.E and was translated to Mandarin in 3rd century A.C.E. Today, there areRead MoreRelics Of Buddhism And Buddhism847 Words   |  4 PagesRelics are thought to be present in Buddhism since the 5th Century B.C.E, when the original Buddha, Siddhartha Gautama, was said to have lived, and Buddhism itself was a new religion. They continue today as sacred objects of worship. Relics that are as old as Buddhism itself are said to exist and still be wo rshipped. Although the idea of relics may seem contradictory to many of Buddhist beliefs, they actually do resonate with many ideals of Buddhist teachings and practices. To see whether relicsRead MoreBuddhism : The Philosophy Of Buddhism1198 Words   |  5 Pagesnever be one true answer. The theory I mostly identify with is the philosophy of Buddhism, its teachings, and the importance of meditation. Some people would argue that Buddhism is a religion not a philosophy, and vice versa, but nonetheless the Buddha has an idea of self in our current life. Buddhism teaches us that life is, and full of suffering and that nothing in life is eternal. The ultimate goal of Buddhism is Nirvana, which means liberation from the constant cycle of life and death, andRead MoreThe Teachings Of Buddhism And Buddhism939 Words   |  4 Pagesfamous religion icon of all time the Buddhism. Many people became followers of this very wise man we know as the Buddha. Buddhism is based on the teaching of Siddhartha Gautama, Buddha, who was born in the Ganges River Valley, the foot of the Himalayas. The Buddha led people in meditation and enlightenment to the next level. Philosophers such as Santideva and Thich Nhat Hanh, have led the life to follow the Buddhism ways and live their day to day life off of it. Buddhism gave them the enlightenment toRead MoreThe Religion Of Buddhism And Buddhism1730 Words   |  7 Pageslife. The religion of Buddhism is one of these that had this effect when it began to spread from India where it originated, to many Asian countries especially China where it would have the biggest impact. In China, Buddhism would take root and would grow to become a popular religion in the country much like the other major religions of China, Confucianism and Taoism, which together with Buddhism would later be known as the â€Å"Three Teachings†. Additionally, at some point Buddhism would began to loseRead MoreReligion Of Buddhism : Buddhism963 Words   |  4 Pagesinterested in the religion of Buddhism. After I watched Oprah Winfrey’s television series, Belief Buddhism has become something I wished to look into on a deeper level. Therefore, On October 9, 2016, I visited Wesleyan college East Asian studies facilities to participate in their Sunday meeting of Practice and Talk. During this hour and a half meeting, individuals who are exploring Buddhism wil l learn the surface practice of Buddhism more specifically shin Buddhism. Shin Buddhism or the teachings of ShinranRead MoreBuddhism, Buddhism And The World Essay1999 Words   |  8 PagesBuddhism is the fourth largest religion in the world, with more than 5 million believers in the world. Buddhism is a kind of religion and law that contains various traditions, beliefs, and spiritual practices. Buddhism from India, between the sixth and fourth centuries BC, and gradually spread to Asia. Although Buddhism originated in India, China has many believers in the dissemination and contribution. Chinese Buddhism began in the Han Dynasty and became the most powerful in the Tang Dynasty. WithRead MoreBuddhism : The Popularity Of Buddhism1306 Words   |  6 PagesBuddhism Culture in China Instructor Dr. Jack Name: Zhoudongxue Zhang Student #: 100311725 Date: 26/11/2015 The Popularity of Buddhism in China Buddhism is one of the most popular religions in the world. The Pew Research Center reports that nearly 488 million people practice Buddhism, which represents 7% to 8% of the world’s entire population. Buddhism is mainly practiced in the Asia-Pacific region with approximately 481,290,000 Buddhists, which means 99% of Buddhists live in Asia-Pacific

The Working Memory Model Proposed by Alan Baddeley and...

That our memory isn’t veridical is not a novel idea. This means that we don’t perfectly remember everything that we have seen or experienced in the past. Broadly speaking, there are two fundamental memory errors that occur in everyday life. One is forgetting events that have occurred, and the other is remembering something that did not transpire (or misremembering them in the way that they occurred). The first error, forgetting, is very common, and needs no explanation. We can all think of instances where our memory has failed us. However, the latter error is a more curious scenario. Often times, when a friend mentions a funny episode that happened at a party you were at, you might incorporate that into your memory even though you†¦show more content†¦This is to say that the brain works on the information even after we store it in our memories. And therein lies the problem. The fact that our cognitive system processes raw data in order to make better sense of it is a probable cause of the aforementioned lapse in our memory. This experiment aims to study whether the information processing in our cognitive systems leads to the formation of false/illusory memories, and if so, what are the possible reasons as to why these false memories take shape. The experiment was in the form of a word recognition test. Participants went through a list of 12 words; the words were all thematically related (car, wheel, bike, motorcycle †¦), with the exception of one of two in the list (pencil). After they had gone through the list, they were presented with another set of words, and were asked to recognize which of those words had been present in the initial list. Each of these ‘recognition sets’ contained at least one word that belonged to the same overarching theme of the initial list, but wasn’t actually present in it (brakes). Thus, there were three types of words participants could have chosen on the ‘recognition setsâ₠¬â„¢: words that appeared on the list, words that did not appear, but were related to the ones on the list, and thoseShow MoreRelatedThe Original General Model Of Memory Essay1529 Words   |  7 PagesThe original general model of memory was proposed by Richard Atkinson and Richard Shiffrin in 1968. The Attkinson-Shiffrin theory of human memory states that human memory can be classified into three components: sensory memory, short-term memory, and long-term memory (Atkinson, Shiffrin, 1968). Sensory memory is where sensory information is brought into memory and maintained by the senses. For instance, when a person perceives an environmental stimulus for a short time before it fades, the objectRead Moreworking memory18399 Words   |  74 PagesCHAPTER Working Memory 6 Le arn i ng O b j ec t i ves 1. Using Working Memory 1.1. A Computer Metaphor 1.2. Implications of the Nature of Working Memory 2. From Primary Memory to Working Memory: A Brief History 2.1. William James: Primary Memory, Secondary Memory, and Consciousness 2.2. Early Studies: The Characteristics of Short-Term Memory 2.2.1. Brevity of Duration 2.2.2. Ready Accessibility 2.3. The Atkinson-Shiffrin Model: The Relationship of Short-Term and LongTerm Memory 2.4. The Baddeley-Hitch

German Expressionism Free Essays

German Expressionism: â€Å"Nonstarter† vs.. â€Å"The Cabinet of Dry. We will write a custom essay sample on German Expressionism or any similar topic only for you Order Now Calamari† German expressionism is a movement that started post World War 1, and before the Second World War. It used a unique technique of shadowing and distinctive camera angles. The films during the movement told stories that mimicked the forbidding reality of the German’s life. For example, in â€Å"The Cabinet of Dry. Calamari,† the set design was painted to get the specific diagonals and claustrophobic atmosphere. Throughout the film, the viewer almost experiences the madness that is happening on the set. The music pushes down on your brain, creating a feeling of uneasiness. The monotone music combined with the asymmetrical diagonals represent the mindset of Francis, who is in the insane asylum. The overall film presents a horror-like impression. The film â€Å"Nonstarter† also falls into the category of German Expressionism. However, it is more sped-up and includes several montages, especially during the scene with Count Oarlock. â€Å"Nonstarter† like, â€Å"The Cabinet of Dry. Calamari† takes on similar traits of darkness and delusion. The directors partaking in such a movement often used it as a cry for help, considering the after math of WWW for Germany. â€Å"Nonstarter† uses any shadowing techniques; personally, I think they symbolize the issues the society was going through with humiliation and disease. Count Oarlock, throughout the beginning of the film was only seen in shadows, and the first time the viewer sees Oarlock is the first time Hotter encounters him at gate of the mansion. Oarlock plays the part as the cursed vampire well; it adds the finishing detail to the film of German Expressionism. â€Å"The Cabinet of Dry. Calamari† and â€Å"Nonstarter† take on a deeper meaning than what is shown on the screen. They include a lot if inner thoughts and emotions that can allude to the general public of Germany at the time. How to cite German Expressionism, Papers

Libor Scandal 2014

Question: Consider the libor scandal 2014 which many banks of the uk banks were involved in .explore the causes of this scandal and evaluate the impact? Answer: Introduction: Libor stands for the London Interbank Offered Rate. It is the rate at which banks can borrow funds from each other. Previously it was known as BBA Libor (for British Bankers Association). Libor is generally defined as a benchmark interest rate through which banks can lend unsecured funds to each other. This rate is also published by the British Bankers Association. Libor is calculated against ten different currencies and fifteen different maturities that is why Libor is considered as a global benchmark to lend short term interest rates. Eighteen banks participated for the US Dollar Libor. The Libor rate being a global benchmark, it is used for giving mortgages, loans and other financial products traded around the world. Therefore an attempt was made to make the current market in favor of labor rate. That led to increase in the profits and it made an advantage over others. The labor Scandal arose with the fact that banks started getting aware about lending loans to one another and this cause led to increasing Libor rate. The higher the rate that they were charged to borrow, the more likely a bank was to collapse. Libor rate affected the global borrowing because many banks used Libor as a base rate against interest rates on corporate and consumer loans. According to US Commodities Future Trading Commission, hundreds of trillions of dollars were linked to Libor which included auto and home loans. It was also important to note that banks involved with securities business were more likely to fail. From facts it was seen that 5000 banks failed in the 1920s.During the Great Depression more than 25% banks failed and even some were closed down. Banks involved in the LIBOR Scandal: The American banks those were included as the panel for fixing US dollars was The Bank of America, JP Morgan Chase and Citibank, NA. Apart from this 16 other non- US banks were involved in the US dollar fixing in London. These banks are: HSBC, Bank of Tokyo-Mitsubishi UFJ Ltd, and of Nova Scotia, BNP Paribas, Barclays, Deutsche Bank, Credit Agricole CIB, Credit Suisse, Rabobank, Royal bank of Canada, Lloyds TSB Bank plc, UBS AG, The Royal bank of Scotland group, The Norinchukin Bank, Sumitomo Mitsui Banking Corporation (Hou, 2015). Causes Of Libor Scandal: The LIBOR Scandal was brought in by the GFC so that Barclays could maintain its creditworthiness in the market. It was also found out that the manipulation was not just restricted to the managers and traders in Barclays, but also catered to other banks in US as well over the years. The LIBOR scandal was caused by the regulators and rogue employees who even pose a stop to the government as well. This scandal was considered as a form of price fixing. The answer to the cause of this issue was suspecticious because of the presence of political parties and issues. There were no standard operating procedures and they did not abide by the law (https://www.clpuk.co.uk, 2015). Controversy of the Libor Scandal: There was a controversy with this scandal that manipulations was done by Barclays in the cost submissions that lead to downsizing of their financial health and therefore they could not make any profit out of it. It was also pointed out that traders were placed in between with direct communication and this made the bankers to be affected. This brought an insight by the traders to set the labor rates as per convenience (Claudio, 2014). Impact of the Libor Scandal: LIBOR had following impact on the financings in the US. Libor decides on the rate of interest that can be adjusted along with residential mortgages used such as collateral for derivative securities which are sold both in the private and public market places. It also sets the rate of interest for the next period by which floating bonds can be sold within or outside US. The outstanding bonds are necessarily to be redeemed as and when the international financings are issued. All the proceedings of the bonds are directed of the issuer in Guaranteed Investment Contracts (GICs). This was a part of the investment offered by financial service institutions. There were two main forms of manipulation that were discovered. Firstly traders were acknowledged to ask Barclays employees to change their rates. Secondly initiatives were taken to improve the fiscal health manipulating the rates downward. It was projected that the new rate calculation will be based on increasing rates of interest rate in the market. It was also proposed to make the rates transparent in the market for international use (LBC, 2015). Penalties for the Libor Scandal: Certain amount of fine was imposed against manipulation of the Libor rates. Barclays Bank was fined $200 million by the Commodity Futures trading Commission, the United States Department of Justice fined $160 million and 59.5 Euros by the Financial Services Authority. During the global financial crisis of 2007-2012, the interest rates were made lower (When the Bollinger bankers' bubbles burst, 2013). Regulation and Sanctions made by the government on Libor Scandal: There was a need of labor rate manipulation that was reported by the Wall Street Journal in 2011. It was necessary for the government to make necessary changes in form of amendments to the Parliament or Banking Reform Bill. The government wanted to control the credibility of LIBOR by officially replacing British Banking Association as operational administrator and this also restore the reputation of LIBOR in market (Horton, 2012). Process and purpose of how banks set their LIBOR rates: The process of fixing or setting the LIBOR rates is transparent and simple according to the BBA LIBOR 2013. Certain questions were raised in the market according to which the business was to be conducted. It was also necessary to specify the rate at which funds could be borrowed which is prior to the market size as well. All the contribution from the banks involved are taken into the account for producing the final Libor rate in the market within each currency. These final official rates are then published by Thomson Reutors who is considered as the designated distributor of these rates. After that it is made available to thousands of banks around the world (Voxeu.org, 2015). The official LIBOR rates are used by the banks itself as benchmarks not only for the customers but it also helps in the settlement of contracts. For example maturing interest rate contracts on derivatives exchanges. Therefore Libor rate is considered as an integral element of the international financial system of world. The next step is to make avail these rates to be monitored and examined by the Foreign Exchange and Money Market Committee. The sub committees play a crucial role in determining and solving necessary issues related to the disciplinary actions and LIBOR submission process as well. It was determined that there was a transparent calculation mechanism that was widely used and considered as strength for over-the-counter derivatives. Role of Libor in the Commercial Sector: The role played by the LIBOR rate was mainly to serve as a benchmark rate for financing of loans and funds across the world. The rate was used as a debt instrument to the corporate bonds and government, credit cards, loans given to the students, and also as a derivative to other financial products. It also helps to calculate the current state of the banking system that is being operated in the world (Yeung, 2013). Impact of LIBOR on its own business and consumers: Libor rate became a focus of significance in determining the credit policies. It poses a level of confidence that banks have on one another. The rate at which banks charge on loans and mortgages depends on the ability at which banks can raise money as well. If there is a certain increase in the percentage of pounds it can add to hundreds of households. If banks can borrow more cheaply then there is no need to offer good returns. For example if the base rate was 2 percent then Libor would be 2.1 percent (BBC News, 2013). It is very essential for a consumer to know which rates are tied up with Libor. Consumers must know the original terms and conditions for it. The Libor rate also affected the financial markets as well. It was necessary for the banks to know to know about the actual borrowing and lending rates. The central bank should have monitored the rates accordingly as Libor does. The new contractors wanted a transaction based benchmark for the Libor mechanism to work along with the existing contractors as well. Libor was now considered as an instrument to check how healthy a bank is and it also depicts which banks are deemed with poor financial health (Gatarek, Bachert and Maksymiuk, 2006). Conclusion: It can be concluded that recommendations needed to be given for improving the rates imposed by the Libor rate that can be implemented in UK in the near future. The Libor Scandal controversy reduced the circumstances of the market activity and this led to swapping of index overnight. This helped banks to make short term transactions. It was also necessary to ensure a more reliable benchmarking system that would enhance the funding costs of the banks. This also enabled to provide a legal aspect to make it more transparent and open to the financial industry. References BBC News, (2013).Timeline: Libor-fixing scandal. [online] Available at: https://www.bbc.com/news/business-18671255 [Accessed 27 Feb. 2015]. Council on Foreign Relations, (2015).Understanding the Libor Scandal. [online] Available at: https://www.cfr.org/united-kingdom/understanding-libor-scandal/p28729 [Accessed 27 Feb. 2015]. Gatarek, D., Bachert, P. and Maksymiuk, R. (2006).The LIBOR market model in practice. Chichester, England: John Wiley Sons. Global Research, (2015).Two Years after the Libor Scandal, Banks Get Token Fines for Rigging Global Foreign Exchange Rates. [online] Available at: https://www.globalresearch.ca/banks-get-token-fines-for-rigging-global-foreign-exchange-rates/5413850 [Accessed 27 Feb. 2015]. Hou, D. (2015).LIBOR: Origins, Economics, Crisis, Scandal, and Reform. 1st ed. [ebook] Available at: https://www.newyorkfed.org/research/staff_reports/sr667.pdf [Accessed 27 Feb. 2015]. Hou, D. and Skeie, D. (n.d.). LIBOR: Origins, Economics, Crisis, Scandal, and Reform.SSRN Journal. https://www.clpuk.co.uk, F. (2015).Interest Rate Swaps - Interest Rate, LIBOR Rates, Base Rates, Euribor Rates, Gilt Rates, Historic Rates and Trends. [online] Swap-rates.com. Available at: https://www.swap-rates.com/BBALiborrates.html [Accessed 27 Feb. 2015]. Insider, B. (2012).The LIBOR Scandal Explained in One Simple Infographic - DailyFinance. [online] DailyFinance.com. Available at: https://www.dailyfinance.com/2012/07/11/the-libor-scandal-explained-in-one-simple-infographic/ [Accessed 27 Feb. 2015]. Karacadag, C., Sundararajan, V. and Elliott, J. (2003).Managing risks in financial market development. [Washington, D.C.]: International Monetary Fund, Monetary and Financial Systems Dept. Kawai, M. and Prasad, E. (2011).Financial market regulation and reforms in emerging markets. Washington, D.C.: Brookings Institution Press. Kelley, M. (2012).INFOGRAPHIC: The LIBOR Scandal Explained. [online] Business Insider. Available at: https://www.businessinsider.com/infographic-the-libor-scandal-explained-2012-7?IR=T [Accessed 27 Feb. 2015]. Konchar, S. (2014).The 2012 LIBOR Scandal: an Analysis of the Lack of Institutional Oversight and Incentives to Deter Manipulation of the World's Most "Important Number". Lawdeb.us, (2013)."The Libor Scandal, its Implications, and Effect on the Corporate Trust Industry" by Romano I. Peluso. [online] Available at: https://www.lawdeb.us/our-history/blog/2013/January/Libor%20by%20Romano%20I%20Peluso [Accessed 27 Feb. 2015]. LBC, (2015).What Is The Barclays Libor Rigging Scandal. [online] Available at: https://www.lbc.co.uk/the-barclays-libor-rigging-scandal-explained-56812 [Accessed 27 Feb. 2015]. Taylor, J. and Williams, J. (2008).A black swan in the money market. Cambridge, Mass.: National Bureau of Economic Research. The LIBOR Scandal. (2015). 1st ed. [ebook] Available at: https://www.bu.edu/rbfl/files/2013/09/The-LIBOR-Scandal.pdf [Accessed 27 Feb. 2015]. Voxeu.org, (2015).The LIBOR scandal and reform | VOX, CEPRs Policy Portal. [online] Available at: https://www.voxeu.org/article/libor-scandal-and-reform [Accessed 27 Feb. 2015]. Yeung, T. (2013).From LIBOR to HIBOR. Hong Kong: Centre for Financial Regulation and Economic Development, The Chinese University of Hong Kong. Claudio, L. (2014). From Scandalous Politics to Public Scandal: Corruption, Media, and the Collapse of the Estrada Regime in the Philippines.Asian Politics Policy, 6(4), pp.539-554. Horton, R. (2012). Offline: The scandal of device regulation in the UK.The Lancet, 379(9812), p.204. When the Bollinger bankers' bubbles burst. (2013).Strategic Direction, 29(2), pp.13-16.