Extra Credit Essay Example | Topics and Well Written Essays - 500 words - 3

Extra Credit - Essay Example At the beginning of the 21st century, the amount of money in the entire world’s savings—including retirement funds, insurance funds, central bank savings, and other funds—went from $36 trillion to $70 trillion. That $36 trillion was the result of hundreds of years of growth, and then suddenly there was this unheard of expansion of funds, because countries like India and Saudi Arabia were making a lot more money and adding to that pool of savings. Before 2000, investors would do everything they could to protect their investments, and would put their money into safe investments such as municipal bonds. Then, when the funds nearly doubled, the investors ran out of places to invest their money, because although the money looking for investment opportunity doubled, the available good investments did not double. So when the demand for investments couldn’t be met, someone had to create a product that would provide more investment opportunities and meet that deman d. What happened next was what Malcolm Gladwell calls a â€Å"tipping point,† or a sudden rise of an idea or behavior that spreads epidemically, because â€Å"ideas and products and messages and behaviors spread just like viruses do† (Gladwell 7). The solution that the financial industry came up with was to identify a new source of consumer by making mortgage loans available to people with bad credit and low income. That way, investments could be made based on the interest that would be earned on these mortgages: roughly 5-9%, instead of the meager 1% available elsewhere. With such a huge demand, mortgage agents had to go find new people to mortgages, until finally in 2003, basically everyone who was qualified to get a mortgage already had one. Then another level of standards had to be introduced, and this involved NINA (no income no assets), stated income verified asset loans, and stated income, stated assets loans. People no longer even had to prove their income, they could simply say that

Superannuation Assignment Example | Topics and Well Written Essays - 1000 words

Superannuation - Assignment Example Adam can use this option to increase his superannuation with $90,000 more dollars so as to make the total amount of his superannuation funds to be $540,000. This option is only allowed for persons who are below fifty five years of age and Adam is eligible as he is fifty three years old. Employers are required to contribute 9.5% of their workers earnings to their superannuation funds. Adam’s is earning $35,000 and thus his employer is required to pay $3,325 towards Adam’ superannuation fund. The Low Income Superannuation Contribution refund is applicable to Adam because he earns less than $37,000. This scheme is applicable to people who whose superannuation contribution is made by their employers and those that earn less thus $37,000. Adam meet these two requirements thus he is eligible for the scheme. The amount in dollars that will actually be invested in Adam’s superannuation fund is $3,325. This is because the Low Income Superannuation Contribution refund is a refund of the concessional tax levied on employer’s contribution. Thus considering this scheme, the total amount of employer’s contribution will be invested in Adam’s superannuation fund. Benjamin should consider making personal contributions of $180,000 to his superannuation fund. Then if he is employed his employer will pay for his contributions where he will be eligible for the Low Income Superannuation refund thus the total employer’s contribution will be invested in his fund. The requirements in a SMSF investments strategy are; considering business risks, the investment must give adequate gains to the fund members, the investments must be diversified sufficiently, the needs, employment and income needs of the members must be met by the investment and finally the fund has to be able to sustain the investment as well as pay member benefits. The considerations that have to be made while making an SMSF investment are majorly

Media Article Essay Example | Topics and Well Written Essays - 500 words

Media Article - Essay Example It connects cultures with one another and brings people and different nationalities under one roof. However, the long awaited dream of Alan Lomax has been given a real existence to spread the traditional music and culture of different nations from around the globe. Alan Lomax was the first American folklorist and a prodigious traditional music collector who dreamt of creating a global jukebox, even before the internet was introduced (Larry Rother). Alan Lomax was the first one to record Muddy Waters and Woody Guthrie. He set a platform for the American to get a better understanding of folk and traditional music. He developed a strong relation between the music and the cultures. Alan Lomax has hugely contributed in revolutionizing the music industry. He can be considered as a pioneer in giving the support to the traditional music and introducing it for once again in the minds of people. In other words, it can also be said that in American culture, where Afro-American music was considered as â€Å"destructive for the soul of music†; Alan Lomax stepped ahead and appreciated the versatility, richness and uniqueness of Afro-American music in the American culture. Culture can be well studied by the customs, music and traditions of any particu lar region. Music is an international language of peace and love. Alan Lomax has tried his level best in bringing all the traditional music and dance styles from around the world together. This would enable people to better understand and analyze the cultural differences of other nations. People would compare and contrast the versatility and uniqueness of their culture with other cultures. This would benefit a large group of people from around the world who are keen to know and explore different cultures. A culture represents different key aspects of a nation, region or group of people. Enormous efforts and contributions made by Alan Lomax in rejuvenating the essence of traditional music and making people

Critically analyse the case of WPBSA v Hendry Essay

Critically analyse the case of WPBSA v Hendry - Essay Example ording to the UK Sport Equality Statement (2008), â€Å"equality is about recognising and removing the barriers faced by people involved or wanting to be involved in any sport.† This legal position would help promote competition within the sporting sector. Basically, there should be freedom of entry or exit within a sporting sector where there would be no barriers. In the above case study, competition is virtually restricted under the agreement between WPBSA and players such that any unsanctioned tournament would amount to infringement of the law which creates monopoly. It is worth noting that the value of sport can greatly help improve the delivery of a wide rage of benefits socially and even economically. Thus, according to the EU Commission, which passed a white paper in July 2007 on sport, there is need to raise awareness on the positive impacts such as the social function of unifying different people, the positive economic impact as well as the need to promote good governance through the provision of a culture that gives freedom to everyone to be involved in sport. In view of the above case, there is need for other regulatory bodies to design regulations that promote a competitive environment in a particular sporting field such as snooker in this particular case. Competition is always healthy in any commercial market where many actors would help improve the overall performance of the whole sector. Monopolizing of a particular sector of the market often give an undesirable element where other competitors are sidelined on the basis of particular regulations that govern sporting activities in any given country. In my own opinion, I think the statutory legal framework should also cater for other competitors such that they would not be restricted to participate in any particular sector of the market. The sport governing bodies should not be vested with ultimate, absolute powers to oversee and control all sectors of a sporting market which would promote monopoly

The Doctrine of Risk Assumption Essay Example | Topics and Well Written Essays - 500 words

The Doctrine of Risk Assumption - Essay Example The case under research presents a classic example of assumption of risk set out in the tort of negligence. As such, it is significant to inspect the fundamentals that define the rationale for risk assumption and implications thereof. Typically, the ideals of this doctrine demand that the injured party must prove beyond any reasonable doubt that the defendant owed him the duty of care. Secondly, the plaintiff bears the onus of proof that the defendant breached such duty by failing to take all practicable measures and exercising necessary obligation to prevent potential injuries that may arise if such duty is breached. Thirdly, the injured party ought to demonstrate that the risk was not reasonably open and obvious for which the plaintiff sustained injuries. It is worth illustrating as well that the defendant was reckless as a result of which he caused the plaintiff actual injuries as reiterated by Wong. In examining these conundrums, the law purports that the doctrine of risk assumpt ion applies to the players as well as spectators and bystanders in the game in question. On the other hand, statutory logic suggests that any fans of a given game who decides to attend that game shall have assumed the risks associated with that game even if he is not actively engaged in the game. Notwithstanding actual attendance, the law shall not hold the owner of a playing ground liable for injuries suffered by persons who voluntarily assume the risk of taking part in a match thereon. Moreover, a claim for negligence can arise if the risk was not open and obvious whereby the injured parties could have opted to stay away if they had knowledge of such risks. For instance, it is not reasonable open and obvious that a stadium roof may collapse on football spectators if such the construction of such stadium had been supervised and certified by competent engineers.

Nightingale Scholarship Personal Statement Example | Topics and Well Written Essays - 250 words

Nightingale Scholarship - Personal Statement Example onely who need someone to attend to their needs, such as the paralytic who cannot move on their own, or the elderly who suffer from arthritis, thus cannot move about. I have a personal inspiration to become a nurse because of my caring and compassionate heart. this humanitarian heart allows me to listen to sick people, as well as feel their pain in order to assist them to them recover from their illnesses My inspiration to become a nurse started developing when in was still in high school whereby I was an EMT. As such, I worked as a medical ambassador by taking good care of patients. It was during this time that I also learned how to conduct a CPR, how to treat patients, as well as how to undertake a number of first aid practices at UIC Medical Center. This ushered me into the world of medicine, and particularly in to nursing as I learnt how to care and attend to sick

How Personal Can Ethics Get Essay Example | Topics and Well Written Essays - 1000 words

How Personal Can Ethics Get - Essay Example 953). Two very different individuals may carry with them two entirely different perspectives of the world. These perspectives possess a viable potential to influence the individuals’ preferences concerning a variety of considerations in the organizational workplace. One area of an organization which is undoubtedly influenced by personal differences and (related differing preferences) is ethics. S.J. Reynolds (2006) finds that â€Å"individual differences can interact with issue characteristics to shape moral awareness† (qtd. Trevino, Weaver, & Reynolds, 2006, p. 954). As such, two different people may perceive an ethical dilemma differently. For example, one person may perceive the existence of nepotism in the workplace as a coincidence in which an employer’s relatives happened to be best suited for a job. Another person may perceive the existence of nepotism in the workplace as a breach of ethics in which fair hiring principles are abandoned in favor of personal interest. Whereas the former may derive their opinion from a personal experience in which a family business proved fruitful, another may harbor grievances concerning high levels of unemployment effecting his or her family, community, or self. The former maintains an ethical preference for directly helping one’s friends and family, while the latter maintains an ethical preference for indirectly helping one’s friends and family by maintaining fair and equal hiring practices. An organization containing both hypothetical individuals is subsequently shaped and form by the shifting dynamic of their conflicting ideals. Discuss how organizational policies and procedures can impact ethics. The ethical preferences of members of an organization are shaped by individuals’ predisposed positions on varying issues as well as externally imposed policy and procedure. As such, an organization’s policies and procedures can impact criterion for ethical dilemmas as well as e thical results substantially. Wotruba, Chonko, and Lo (2001) identify three primary functions executed by codes of ethics in an organization. First, codes of ethics can demonstrate a concern for ethics by the organization. In this manner, an organization may elect to create a code of ethics in an attempt to convey a general awareness and reverence for ethical observation and conduct in the workplace. For example, a company might create a code of ethics which is read and understood by its newly hired employees during their training in an effort to effectively communicate that the company is aware of ethics and embraces ethics as a high priority in the workplace. Second, codes of ethics can â€Å"transmit ethical values of the organization to its members† (Wotruba, Chonko, and Lo, 2001, p. 59). This function is substantially more specific than the former function, which seeks to convey a simple, general awareness of ethics as an existent priority within the workplace. Instead, ethical values transmitted to members of an organization by the organization are designed to create a better understanding of what an organization is and what values it holds most dear. For example, a service-oriented organization might include â€Å"putting the customer first† as an ethical priority in the w