Evaluate a significant experience, achievement, risk you have taken, Essay - 3

Evaluate a significant experience, achievement, risk you have taken, or ethical dilemma you have faced and its impact on you - Essay Example One day, when I stood to address the crowd I heard the voice of my leaders and developed some coldness. I started stammering, a sweat swept through my face and I wished that the earth could open and swallow me. That event changed my qualities in the Girl Scout movement. I started developing courage to address dignitaries. When the camp meetings were organized, I knew it was my time to enjoy. I like meeting people and exchanging ideas, so the camp meeting would provide my needs. The camp lessons brought Girl Scouts together. During the lessons, I listened keenly to the instructors because I knew I would need their information in answering questions. We had to make presentations after the lessons. I took the opportunity to address the crowd about environmental issues that the scouts could tackle. As I spoke, the crowd became still, I was disturbed, but took courage of a lion. I knew I had drummed the right message. I got a Gold Award because of my exemplary duties in the Girl Scout movement. When I left scouting, I joined women movements, which addressed matters affecting women in the society. The interpersonal and leadership skills that I developed while I was Girl Scout have helped me to cohabit in the society. The society has recognized my efforts in championing for rights of the environment. I had never imagined that I could influence many people in the society to vote for me or do whatever I could ask them to do. I am proud because am the president of the National Honor Society. Wooing women in the society is not easy, but I do it with a lot of ease. I developed the feeling of championing for the women rights. My position exposes me to arguments with people who do not believe in the movement. The courtesy that I learnt while in the Girl Scout movement has been a great asset to me since I take my time to respond to people with the utmost respect that they deserve. I believe in the principle of making wise

Risk Measures and Valuation under Interest Rates and Equity Risk Essay

Risk Measures and Valuation under Interest Rates and Equity Risk Factors - Essay Example In order to solve this problem, two vital problems have to be managed: first problem is that the market rates are correlated but they behave randomly and the second problem is that the portfolio structures are high–dimensional and conventionally non-linear. The well-known techniques of risk measurement can be classified into two categories. The first category is the stochastic approach, in which the profit and loss distribution of the portfolio is taken in to consideration. Value-at-Risk (VaR) is the most famous risk measure in this category. VaR conventionally denotes the 1% or 5 % quantile of the profit and loss distribution. The second category includes the Maximum Loss (ML) methodology, in which the risk is estimated with the help of the value of the worst case scenario. ML analyzes a finite set of scenarios to determine the worst case out of them and it does not consider the correlations among the risk factors, such as the stress testing. The Maximum Loss methodology empl oys a very specific choice of feasible domains that are referred as the trust regions. The trust regions determine the correlation structure of the market rates through their shape acquired from the examination of a certain percentage of all future outcomes. This paper first derives the standard assumptions of the financial risk management with the help of the fundamentals of financial calculus. Then, it presents some of the established techniques of risk measurement in a unifying framework along with discussing their basic properties. The paper describes the concept of Maximum Loss towards its end. 1. Introduction to Market Risk Under the intricate and changing set-up of today’s world, it is impracticable to attain stability in relation to mere minor volatility since mature markets are being formed subsequently, with the help of fast global information, which has further escalated competition. Thereby, globalization is encouraged and financial institutions are compelled to a ugment their performance. Hence, the implications of market volatility are now very essential to understand. Market risk, which is also often referred as price risk, specifies the uncertainty created by the market volatility that is defined as the prospects of money loss subject to the variations in the market prices. Although quantitative techniques for examining distinct financial instruments are entrenched, however, more research is still required for measuring risk related to the entire financial portfolios. The supervisory authorities are liable to ascertain that the economic-capital-cushions are held adequately to provide security against any possible unanticipated losses. Hence, the requirements of regulations imposed by the supervisory authorities give rise to the need for risk measurement. The banking sector, until the 1980’s, profoundly stressed upon the credit business. The number of banking failures rose with the increase in competition and the Basle Committee was established for banking supervision, in the year 1988, under the control of the BIS (Bank for International Settlements) in Basle, which published the document called ‘Basle Accord’ that included information on ‘

A cold way to get a job - Emerging Trend Research Paper

A cold way to get a job - Emerging Trend - Research Paper Example For smaller organizations, the process of selecting the right candidate is much simpler as they review the resumes they receive until that time when they find the appropriate candidate for their position. Modern tracking systems are programmed the way that enable them to scan for keywords, former employers or the years of professional experience of the candidate. This help the companies to rank the applicants on the first step of the recruitment process. Those candidates who earned low scores do not pass on the next level. However, tracking system has its pitfalls. It sometimes misses the most- qualified candidate, because that person does not include the keywords from the job description. Moreover, the idea of the system is not in replacing the human screeners entirely. It simply allows the experts to narrow the field of search to the one that hiring manager can handle. In addition, the recruitment specialists state that the only successful method of getting a job for the candidate is to obtain the referral from a previous company employer. As it was stated before, small companies usually do not deal with tracking systems, but still the job seekers are often surprised when they do not hear back anything from small organizations. These companies rarely use an applicant-tracking system, as it is cost-effective, instead they use a well- trafficked job board to gather hundreds of responses. To help the applicant to find the job of his or her dream, hiring specialists recommend different methods. Every job advertisement is different and it requires the applicant to make sure one understands each requirement. That is to read carefully the  whole  announcement to make sure one follows all the requirements to apply. What any tracking system and them hiring specialist would notice is the accuracy of the entered information. Here spell check and proofread are essential,

Campaign Speech analysis Essay Example | Topics and Well Written Essays - 500 words

Campaign Speech analysis - Essay Example Mitt Romney’s speech seemed more attacking than it was acclaiming or defensive, with indirect barbs thrown at incumbent president Barrack Obama (Julian et al, 2012). This was especially notable when he claimed, â€Å"America’s problems can only be solved by an American† (Romney, 2012), re-igniting the â€Å"birther issue†. He also feigned support for Obama, claiming that he wishes â€Å"Obama had succeeded† with his mission and plan of making America a better place, but that he had failed. The speech, in general, relied more on opinion than the fact, as is common with acceptance speeches, which in normal circumstances are sparse on detail. Mitt Romney also took an aggressive stance toward the incumbent via depicting him as a president who made, â€Å"big promises that failed to deliver on what the American people needed the most† (Romney, 2012). Romney was referring to job creation and political healing. He also compared Obama to President Ca rter to complete his caricature of President Obama as, â€Å"Someone who refuses to make tough decisions and lacks any viable plan to strengthen the country. Mitt Romney set out to accomplish three main goals in his speech: introduce the real Romney to the nation; explain why he is better suited to leading than president Obama. In addition, outline his vision for the next four years as president (Julian et al, 2012). He made some progress on all fronts via a solid but unexceptional speech. He opened up about his religious life, as well as his family life, attempting to throw more light on himself as much more than a heartless capitalist, offering himself as a problem solver. All the hype before his speech had been about the need for a president who would take hard choices. Mitt Romney, in his speech, presented himself as the man to take up this challenge. The biggest weakness that could be attached to Mitt Romney’s speech was the fact that he offered a vague picture of his vision for America in the next four years, which

Industrial Safety and Health Management Essay Example | Topics and Well Written Essays - 250 words

Industrial Safety and Health Management - Essay Example aste disposal, conservation of natural resources and energy, to reduction of the amount of waste produced and ensuring that wastes are handled in a manner that is environmentally sound. RCRA is responsible for regulation of the handling of solid wastes such as garbage, underground petroleum products storage tanks products or particular chemicals and hazardous waste. All the three Acts are under the United States Environmental Protection Agency. All these Acts are in place with the sole objective of protecting the human health and the environment from the potential hazard of disposing waste. They all have got objectives that are merging and this means they are fitting together through that singular objective. They are related to OSHA (Occupational Safety &Health Administration) in that they have similar objectives. OSHA’s objective is to ensure health and safety is adhered to by the employers especially as regards employees’ workplace. Employers must therefore comply with all appropriate OSHA standards. This means that employers must fulfill the General Duty Clause of the OSH Act, which necessitates employers to maintain safe workplace, free of any serious recognized

Statapult (catapult) strike experiment Essay Example | Topics and Well Written Essays - 750 words

Statapult (catapult) strike experiment - Essay Example Afterwards, 6 trials of that best possible angle are done and checking done to see whether we are getting similar distances as those we obtained theoretically. The results gotten indicate nearly similar distances as those obtained from equation which is 160cm.Furthermore,we have to determine the 95 percent CI from Minitab which is (151.99,168.01)cm ,whereas the anticipated confidence level is in the range of 95 percent CI. Introduction This experiment assists in coming up with a prediction equation for the statapult to strike a specific target. Multiple projectiles will be fired at differing angles, arm and peg settings. Through doing this; adequate data can be collected so as to establish the equation that controls the distance of the projectile. By utilizing this equation the maximum as well as the minimum distances that the projectile can travel can be figured out. A target distance that we can hit is then provided. By use of the Minitab software, the optimal settings will be computed and so as to establish the needed target distance and then 6 trials of the distance we get from the optimum settings are done. After trials are done, the uncoded angle (1500) is then converted to coded angle (-0.5) so as to determine the theoretical target distance of Y (-0.5, 1, 1) = 164.05 cm which is almost near the specified targeted value; 160 cm. Finally we have to determine the confidence interval from those 6 trials data wh ich is (154.76, 165.90) and it lies well within the confidence for interval for the mean, (151.99, 168.01), found out in the Minitab.

Reasons for Abolishing the Trade Embargo with Cuba Essay Example for Free

Reasons for Abolishing the Trade Embargo with Cuba Essay Cuban and U.S. relations have been on the rocks for the last 50 odd years. What follows is some background information on what has caused the rift between the two countries. It is a brief history of the American backed Batista that allowed U.S. interests to flourish in Cuba, juxtaposed against the rebel leader Castro that came afterward and the lasting effects that that has had with the relationship between Cuba and the United States and the resulting embargo that sprung from the wake. After the brief history, there is a dissection of the problems and consequences that this embargo has had on the U.S. and policy suggestion to help mitigate and repair relations. Background Cuba became an independent state in 1902. From that time until 1956, with the communist revolution, Cuba has seen countless vies for power through revolution and seen other conflicts as well. For the purposes of this paper, however, focus will remain on Fulgencio Batista, his ties with the U.S.A., and Fidel Castro after that fact. Fulgencio Batista’s rule in Cuba is a sordid one. He was first elected as President of Cuba in 1933. During this period he can be seen in a generally good light, having an efficient government that instituted such legislation as the 1940 Constitution of Cuba. He left to the United States after retiring in 1944, and from that time until 1 952 Cuba descended into corruption. He returned to power from 1952-1959, which was a bloodless coup d’à ©tat, deposing the current President in what was seen as a welcome change. This time around he would be seen as a dictator himself, revoking the Constitution and embezzling large sums of money . The United States backed Batista’s rule, and recognized him as the leader. With regards to the U.S.’s economic interests in Cuba at the time, Kennedy said this: â€Å"In a manner certain to antagonize the Cuban people, we used the influence of our Government to advance the interests of and increase the profits of the private American companies, which dominated the islands economy. At the beginning of 1959 United States companies owned about 40 percent of the Cuban sugar lands almost all the cattle ranches 90 percent of the mines and mineral concessions 80 percent of the utilities and practically all the oil industry and supplied two-thirds of Cubas imports.† This shows how heavily invested in the economy of Cuba the United States were at the time. The sheer amount of American ownership, coupled with the disparity in income between classes in Cuba, goes to show where the feelings of corruption came from, which set the stage for Fidel Castro’s revolution in 1959. Since the American backed former Cuban government had been overthrown with Fidel now in charge, it would stand to reason that the United States didn’t back the new Cuban regime, and with Fidel pushing most of the blame of Cuban problems on United State’s shoulders, he wasn’t too fond of the United States government. He nationalized all of Cuba’s industries, and started implementing a Communist regime in place of the former corrupt Capitalist system. Russia ever looking for an edge on American, during the Cold War, swooped in with aid and support, and in return asked for their allegiance, and to place Russian missile bases on Cuban soil. America not wishing to see Russian military a mere 90 miles away, stepped in to blockade Cuba, resulting in the well known â€Å"Cuban Missile Crisis†. The missile crisis resulted in a trade embargo against the Cuban nation, and more importantly against the Castro administration. This didn’t affect Cuba much at the time, as they were receiving aid from the Soviets, but after the Soviet Union fell in the 1990’s that aid stopped coming. The American embargo stayed, however, resulting in a hole, where goods normally would be, but no longer were coming. Cubans called this period in time â€Å"perà ­odo econà ³mico especial† or the special economic period . As of late, the U.S.A. has loosened the embargo a bit, allowing travel there for people with Cuban family, but Cuba remains the only country that the American government forbids its citizens to visit. Statement of Problem The embargo on Cuba is a relic of the Cold War and it’s time to put it behind us. It’s unpopular among American citizens, and detrimental to Cuban citizens. There’s a huge untapped market for American goods there that could be a nice injection into the American economy. The resulting influx money might seek to raise Cuba’s middle class, and in turn undermine Castro. The lack of a democracy and human rights violations are a valid concern, but it is hypocritical to do business with some communist regimes, and human rights violators, and not others. Russia, China, and Venezuela are all important partners in trade for the United States of America; they are also violating many human rights. We imported $34.6 billion worth of goods from Russia, $310.9 billion from China, and $28.9 billion from Venezuela all in 2011 alone . To name one instance that happened in Russia: â€Å"in June 2011 Baskhanov helped organize a small, peaceful, anti-torture rally in Grozny, the Chechen capital. Police dispersed the demonstration, detained Baskhanov and his colleague, and threatened them with reprisals if they persevered in efforts to hold police accountable.† This represents a blatant disregard of freedom to assemble, which is in the U.S.’s first amendment. China represses the internet for its people, not to mention the atrocities done to the Tibetans. It is arguably the worst modern state in regards to human rights. Venezuela is perhaps the best comparison to the situation in Cuba, however. Hugo Chavez, leader of Venezuela, is a critic of the capitalist system, and an advocate of communism. He nationalized industry similar to Castro. He puts down sedition the same way, and their violations of human rights are much the same, but yet we trade with Venezuela. The only substantive difference is that Hugo Chavez had the fortune of taking power after the fall of the Soviet Union. Since we have already set a precedence of trading with non-democratic governments, we can look to the benefit of opening up trade with Cuba. The United States is in the throes of a recession and should be constantly on the lookout for new markets for their products. A 2009 study found that doing away with all restrictions dealing with the export of agricultural goods would have resulted in a gain of $26-$74 million in dairy products alone . Plus the irony of a capitalist country selling goods to a communist country has to be worth something. Losing the embargo because you trade with other communist nations, and because you can earn lots of money might appeal to the realists out there, but it would look abhorrent to any idealists. Undercutting human rights to make a quick buck can seem pretty sleazy. For those people it is worth noting that the U.N. has voted on ending the embargo for 21 straight years , with the United States and Israel the only naysayers. Policy Recommendation In order to foster trade with Cuba it would be important to repeal all past policies that inhibit the ability for U.S. trade, which would in effect eliminate the embargo all together. To protect American interests in the area, and back at home, we would need to implement new policy that focuses on the protection of U.S. companies seeking trade with Cuba, and a repair of our relations over there. There will need to be mediation from outside sources, perhaps the U.N. could step in, that way both parties would be getting the best of possible outcome. The policies that would need to be repealed, for example, would be the Cuban Democracy Act and the Helms-Burton Act. The Cuban Democracy Act reinforced sanctions brought up from the original embargo, stating that the U.S. would continue the embargo as a way to force the adoption of democratic principles onto Cuba. This obviously hasn’t been working, as Fidel and Raul Castro have been in power since 1959. It comes off as an excuse to retain the embargo on ideological levels in light of almost no support on the global level. Both these acts reinforce the embargo and were signed in the 1990’s. They come off as a power play, in that for trade to resume between the two countries, Cuba would have to concede its current government in favor of a democratically elected one, which is pretty unrealistic as long Castro is alive. To concede the decision to the U.N. would put good faith in global politics, and would influence other countries to do the same with interstate conflicts. It would help mend the negative light that other countries look at us in, and we might be able to leverage putting such a decision in their hands for good faith in other dealings. Especially with such underwhelming support from the global community for the embargo over the past 20 years it would help us appear humble and avoid the warmongering persona many countries see us to have. To continue with the economic discussion, when Cuba nationalized all of its industry throughout the 60’s American business men that had been operating in the area lost all of the capital that they held on the island. These holdings are estimated at a worth of over $6 billion . These holdings are in the hands of American citizens, not necessarily the U.S. government. It would be wise to recoup as much of that as possible, and if the Cuban government has an interest in trading with Americans it is somewhat feasible that a recoupment would be possible, if not for that amount, at least a portion of it. If the Cubans refused that payment pressure from the U.N. could help persuade them to do so. If the U.N. deemed the acquisition of those funds superfluous, it would then be in our best interest to agree. There’s definitely an argument against them owing us that money as we owned the majority of their economy in a corrupt system, also it having happened over 50 years ago (1/5 of the time the U.S.A. has been a country, for a frame of reference). It’s obvious you can’t just change policy like this overnight, as there are some issues that need to be ironed out at levels that aren’t just about economics and trade. We retain four Cuban nationals under charges of spying, and Cuba is holding American Alan Gross. With America’s â€Å"don’t negotiate with terrorists† attitude it’s not surprising we haven’t allowed the trading of prisoners with a country that we have sanctions against but it would be in both countries interest to allow the trade. It comes off as petty to not allow Alan Gross back into the country in exchange for some Cuban nationals. By allowing the exchange of prisoners it would be a show of good faith by both countries. Conclusion Looking at the problem objectively, it can be seen that the embargo has sprung up from the United States worry at a communist regime so close to its own borders, which was justified at the time in the throes of the Cold War and the Cuban Missile Crisis. Although Cuba hasn’t been much a friend in the past, the embargo is an overall detriment for everyone involved and doesn’t even succeed at what it, in theory, sets out to do. It has no support on the national level, and even less support on the global scale. Furthermore it doesn’t make fiscal sense to exclude potential markets whilst in the middle of a recession. A policy that helps foster peace and economic gain for so little loss could easily be implemented benefitting all involved. It’s an anachronism from a time long past, and a hegemonic power such as the U.S. should never foster animosity between countries that are so close to their borders, that is what is the most prevalent danger: having such an enemy not 90 miles away from American coastlines. Works Cited Encyclopà ¦dia Britannica Online. Fulgencio Batista . http://www.britannica.com/EBchecked/topic/56027/Fulgencio-Batista (accessed December 05, 2012). Human Rights Watch. World Report 2011. 2011. http://www.hrw.org/world-report-2011/ (accessed December 5, 2012). Kennedy, John. Remarks of Senator John F. Kennedy at Democratic Dinner, Cincinnati, Ohio (October 6, 1960). Poblete, Jason. U.S. Claims Against Cuba, Buyer Beware. August 4, 2008. http://jasonpoblete.com/2008/08/04/us-claims-against-cuba-buyer-beware/ (accessed December 6, 2012). United Nations General Assembly. November 13, 2012. http://www.un.org/News/Press/docs/2012/ga11311.doc.htm (accessed December 05, 2012). United States Census. U.S. Trade in Goods by Country. 2011. http://www.census.gov/foreign-trade/balance/ (accessed December 05, 2012). Wood, Roberta. Senators confident on votes to lift Cuba travel ban. July 14, 2010. http://www.peoplesworld.org/senators-confident-on-votes-to-lift-cuba-travel-ban/ (accessed December 05, 2012).