...manage it and don’t be dependent upon science as Science is always wrong, it never solves a problem without creating ten more. The same is the case with Foreign Exchange Risk Management Policies (FXRM) which if can’t be managed properly then would lead to either systematic shocks or negative implications at the bottom line of the corporate, banks, FI and trading houses P&L A/cs. That is something risk management struggles with, say the experts. In Richard Meyers’ estimation, risk managers or traders do not socialize enough. “It’s all about visibility,” he said. Meyers, chairman and CEO of Richard Meyers & Associates, a talent acquisition and management firm in New Jersey, relates the story of a firm that decided to adopt an Enterprise Risk Management (ERM) strategy. Instead of appointing its risk manager to head ERM, the company brought in someone else. Why? Time has come when organizations across the world have to do deep amendments in their Enterprise Risk Management (ERM) policies covering foreign exchange hedging programs, diversification in derivatives portfolio, Enterprise risk management policies and deeper and deeper understanding towards financial models. With this background paper would...
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... Contents Introduction 3 A review of the impacts of technological changes in the labor market 3 Demand for enhanced skills 5 Effects of computing and automated services on the job market 6 The rise of white collar jobs 6 Elimination of low-skilled workforce 6 New skills to match the new requirements 7 Alterations in the worker's relation to the job 8 Changes in the office workplace 9 Human factors in labor provision 9 Disparities in the wage income structure 10 Conclusion 11 References 12 Automation and Computerization in the Developing World Introduction The early 1990 marked a new era of technological advancement in most parts of the developing world. How automation and computerization has affected work in these countries has been a major topic in the learning of labor market trends and wage distribution in the countries that have so far embraced automated computerized technologies in their service industries (Artuc, Chaudhuri & McLaren, 2010, p. 1027). From a historical perspective, the use of calculators and typewriters in offices marked the beginning of computerization and automation of services in the world. This article provides an overview of research on various areas of concerns all that have shaped these paradigms. These considerations takes a keen attention, especially on how technological changes have affected the wage allocation and employment trends in the labor market...
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...CHAPTER 7 DEVIANCE AND SOCIAL CONTROL Deviance 171 Social Policy and Social Control: Illicit Drug Use in Canada and Worldwide 193 What Is Deviance? 171 Explaining Deviance 175 Social Control 182 Conformity and Obedience 182 Informal and Formal Social Control Law and Society 186 Crime 185 187 Types of Crime 188 Crime Statistics 190 The Issue 193 The Setting 193 Sociological Insights 193 Policy Initiatives 193 Boxes RESEARCH IN ACTION: Street Kids 183 sOCIOLOGY IN THE GLOBAL COMMUNITY: Singapore: A Nation of Campaigns 186 TAKING SOCIOLOGY TO WORK: Holly Johnson, Chief of Research, Canadian Centre for Justice Statistics, Statistics Canada 192 Cigarette smoking has become stigmatized in Canada. This newspaper advertisement, sponsored by Health Canada, reverses the typical advertising strategy of equating smoking with sexiness. 169 H eidi Fleiss was in her late twenties when she was arrested for operating a call girl service. At the time, her pediatrician father had reacted flippantly, “I guess I didn’t do such a good job on Heidi after all.” Later, he would be convicted of conspiring to hide profits from his daughter’s call girl ring. Fleiss had dropped out of school when she was sixteen and established a liaison with a playboyfinancier who gave her a Rolls-Royce for her twenty-first birthday. In her early twenties, Fleiss interned in the world of prostitution by working for Madame Alex (Elizabeth Adams)...
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...Breyden Coates Research paper Development of Athlete Safety Presently safety is the key goal in the youth and professional sports communities. Over the years sports have become more and more intense. Advances in physical fitness, athletic ability, and technology have led to faster play and increased competitiveness. With this comes the potential for more danger which is why scientists and engineers are working on new safety technology for athletes. According to (www.safekids.org), in 2012, more than 1.24 million children ages 19 and under were seen in emergency departments for injuries related to 14 commonly played sports. The most commonly feared of these injuries is a concussion. A concussion is a “temporary unconsciousness caused...
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...Christhea Amanda Pierre Cardin – Fashion Designer Research Paper Intro to Fashion Pierre Cardin (born Pietro Cardin) was born to French parents in San Andrea da Barbara, a city near Venice, Italy on July 7, 1922. Italy and France definitely influenced his fashion aesthetic, the fact that he is a couturier has proved that his style was influenced by his parents’ background as well as his own (though he mostly lived in France, he lived in Italy for 23 years). He moved to Paris, France at the end of World War II in 1945 to study architecture. He worked in Paquin fashion house and later he left the Paquin house to work for the Schiaperelli fashion house. Later in his life he met Christian Berard and Jean Cocteau, Jean was considered to be a genius for his multiple talents as an artist; not only he was a director, he was also a poet, writer, set designer, and a painter. In this period of his life, Pierre made costumes for several movies like La Belle et la Bête, also known as Beauty and the Beast, in 1946. After his work in the costuming industry was well received, he worked for Christian Dior in 1947 where he helped design Dior’s “New Look”. New Look was designed to free women’s bodies from earlier fashion of masculinity in women’s garments due to World War II. This line emphasized women’s femininity by showcasing their curves. Pierre Cardin eventually left Dior to build his own fashion house in 1950 on Rue Richepanse in Paris. He began the career of his fashion house...
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...6 3 Specific Precautions Requirement 7 REFERENCES………………………………………………………………………………18 APPENDIX ………….19 | Introduction Background Today’s workplaces consist of workers who are not educated enough about safety training and the effects this has on employee and the organization. Workers who are well trained are less likely to have injuries; less likely to causes other incidents (such as property damage) and if they are trained they are able to get the work done in a timely manner and most importantly safety. To have a safe environment, everyone must take action to prevent an injury by taking time to ensure procedures are followed. This paper will discuss the benefits of educating workers on safety training and explore the necessary types of training available in a workplace and make recommendations that will lead to a safe and productive workplace. Workplace safety defined Workplace safety is defined as the practice of an employer taking measurements in their organization to prevent hazards to their employee’s health and personal safety. In...
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...efficient utilization of the scarce resources at its disposal. This study is an attempt to deduce a country-specific conceptual framework for forensic accounting, which can be replicated, with suitable adaptations, to other countries with similar cultural backgrounds, and put forth some theory-supported suggestions to help guide future research in the area. Keywords: forensic accounting, conceptual framework, institutional theory, foucault Introduction: The rise in the white collar crimes, where evidences are comparatively moreobscure and difficult to detect (Gottschalk, 2011), has necessitated equipping of auditors with forensic skills, particularly over the recent years (DiGabriele, 2009a; Carnes & Gierlasinski, 2001). In the aftermath of several accounting scandals such as Enron and WorldCom in the USA, HIH Insurance in Australia, Royal Ahold in the Netherlands, Parmalat in Italy, and Equitable Life Assurance Society in the UK (Kleinman & Anandarajan, 2011), as well as the collapse of one of the “Big Five” auditing firms (Arthur Anderson), and the two episodes of financial crises that followed afterwards, awareness about white-collar frauds committed...
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...Courtney Hottowe October 23, 2012 Com 345.002 Informative Speech Outline General Purpose: To Inform Specific Purpose: Create awareness among the audience Central Idea: Animal Abuse is a constantly growing issue and today I am going to provide you with some information on where it stems from and how to prevent it. Introduction I. Attention Material a. “We are coming up on our 6 month anniversary of the day we brought Lola home from Homeward Pet. She is an amazing addition to our family; I cannot imagine a better dog for us. We are so grateful for our experience with Homeward Pets, our lives are changed forever.” That is a direct quote from the Miles family, who adopted their dog from an animal shelter. b. Raise your hand if you have had either a pet dog or cat at one point in your life. c. About 62% of households in the United States has a pet, this includes 78.2 million dogs and 86.4 million cats are owned in the United States. d. Based on those statistics, think about this. According to the yearly animal abuse report, of the 1160 reported cases in 2010, 64.5% involved Dogs and 18% involved cats. II. Orienting Material e. Central Idea: Animal abuse is a constantly growing issue, and today I am going to provide you with some information on where it stems from, as well as how to prevent it. f. The slide show that I will show may be graphic, but are pictures from real life abusive households. These pictures are not meant...
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...manufacturing base by promoting the unobstructed flow of goods and services. It signifies better chances of more market entries, lesser input costs, lower discharge expenditures, greater inflows of foreign investments, and wider options for quality commodities and services at reasonable prices. This research examines issues as to whether the benefits outweigh the costs of trade liberalization, its impacts on national economic growth, and the Philippines’ preparedness to overcome the impediments posed by the integration. Overall, the outcomes of the interviews show that the Philippines is not yet fully adapted to aligning domestic benchmarks with international standards although it has accomplished vital progress in certain sectors. The study also reveals that member affiliates and the Philippine economy can reap the benefits of the liberalization so long as they prevail upon their commitments to forge ahead with achieving the goals of the ASEAN Economic Community. Elimination of cross-border taxes, compliance with harmonized regulatory policies, and leaders’ steadfastness to attain the goals of the integration are the key factors for the success of the liberalization. Since the research deals more on the qualitative aspects, the authors recommend more statistical data gathering and in-depth quantitative analysis to obtain a more accurate gauge of the overall impacts of the regional integration. I. Introduction The advent of regional trade alliances during the past...
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...The Traitorous Tyco Scandal: Sentencing of L. Dennis Kozlowski and Mark Swartz Business Law 447-A Written By: Lindsey Proffitt White collar crime is not a victimless crime, and affects many people. These crimes can devastate a company, force investors to lose billions of dollars, and destroy people’s life savings. Through L. Dennis Kozlowski’s and Mark Swartz’s scandal reported in 2002, the Tyco Company lost over $28 billion dollars in debt. However, the biggest lash came to its shareholders who lost over $90 billion. The Tyco two were tried and found guilty in 2005, and are currently serving a 25- year- sentence. Crime never pays and it is only a matter of time before one is caught. The damage done affects all people involved including the innocent families of the victims and criminals. These two may not have ruined the company, but they ruined themselves. The question is was it worth it? Partners in Crime: The Tyco Threesome When people think of criminals; they tend to stereotype this to involve thugs and the lower class. However, this is not always the case. Participants of the privileged society are also capable of criminal behavior, but usually in a more complex manner. One of the more popular high society crimes involves business scandals and is termed “white-collar.” These crimes stem from greedy business and government professionals who become financially motivated to commit a nonviolent work related crime that usually includes hoarding large amounts of money...
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...Travelling Along the Third Way. A Swedish Model of Stabilisation, Equity and Growth* Lennart Erixon ♣ (December, 2005) Department of Economics, Stockholm University, 106 91 Stockholm, Sweden _____________________________________________________________________ Abstract The Swedish economic policy to combine full employment and equity with price stability and economic growth was developed by two trade union economists shortly after World War II. Through the use of extensive employment policy measures, a tight fiscal policy and a wage policy of solidarity, the Rehn-Meidner model represents a unique third way between Keynesianism and monetarism. This essay analyses the application and performance of the Rehn-Meidner model in Sweden. Although never consistently applied, it is possible to distinguish a golden age for the model from the late 1950s to the early 1970s. In the 1970s and the 1980s, governments abandoned the restrictive macroeconomic means of the model and were thus unable to combine low rates of unemployment with low inflation and high economic growth. Since the early 1990s, Sweden has not met the requirement of full employment in the Rehn-Meidner model. Recent declarations by the EU to prioritise full employment once again but without giving up the objectives of price stability and growth legitimise a renewed interest in the model. __________________ JEL classification: E24; E31; E62; J23; J31; J62; O23 Keywords: Swedish model; Rehn-Meidner...
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...Final Paper Wealth Inequality in U.S. and Economic Efficiency Over the last decade, income inequality has become one of the most important issues in the U.S. and a subject of a lot of debate. There is a prevalent idea in the society that the wealth inequality in United States is currently at the highest level in the history after steadily raising for a number of decades. The financial crisis is said to have contributed to this significant gap between the top 1% and everybody else. People view it as an inherently negative thing, and fight hard to promote the equality and income redistribution. This paper examines the causes of inequality; the relationship between wealth inequality and economic growth and the hypothesis on how policy measures can be designed to mitigage the income disparity both in U.S. and in the rest of the world. The researh is based on the theory that inequality is an essential aspect of an efficient free market economy that adversely affects economic growth when in excess. When it comes to global wealth inequality, people often tend to accuse capitalism. In fact, the real laissez-faire capitalism doesn't exist anywhere on our planet. According to its definition, laissez faire is "an economic system in which transactions between private parties are free from intrusive government restrictions, tariffs, and subsidies, with only enough regulations to protect property rights." It has been previously proven free markets lead to the most efficient use of economic...
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...[pic][pic] [pic]Copyright © 2005 West Chester University. All rights reserved. College Literature 32.2 (2005) 103-126 [pic] | |[pic][pic][pic] | | | |[pic] | | | |[pic] | | | |[pic] | | | |[pic] | | | |[pic] | | | | | | | | | | | | | | | | | | | |Access provided by Northwestern University Library ...
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...Final Research Paper Animal rights to freedom Steven McFarlane DeVry University Advanced Composition Professor Christopher Drew August 27, 2013 Animal Rights To freedom Since the beginning of time animals had rights to do as they please in their own habitat. As time accumulated, these rights slowly faded with entertainment usage of animals. Animals do not belong in a zoo for personal visual enjoyment. Almost every child has taken a trip to the zoo. At the zoo we see different animals in created habitats eating prepared food. A variety of different animals are either captured or born to amuse humans for a profit. The rights of freedom stripped from animals to make us smile are not essential to our survival. Animal’s that are raised outside their natural habitat cannot survive among their fellow species in the wild. The Zoo and the circus are prime examples of animals misuse and abuse. Animals from the zoo and circus would not be able to coexist due the difference in freedom. Less animal attacks would occur as well. Zoo’s and Circus’s argue that they save endangered species and educate the public, but I strongly believe the costs outweigh the benefits, and individual animal’s rights are violated and unjust. Zoos define themselves as bringing people and animals together, as well as educate the public with the appreciation of the animals. This exposure and education motivates people to protect the animals as they believe. Zoos save endangered species by bringing them...
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...The Emerald Research Register for this journal is available at www.emeraldinsight.com/researchregister The current issue and full text archive of this journal is available at www.emeraldinsight.com/0268-6902.htm Anatomy of computer accounting frauds A. Seetharaman, M. Senthilvelmurugan and Rajan Periyanayagam Faculty of Management, Multimedia University, Malaysia Keywords Fraud, Corruption, Financial reporting, Whistleblowing, Internal control, Corporate governance Abstract This paper introduces fraud as asset misappropriations (85 per cent of cases), corruption and fraudulent statements. Symptoms include accounting anomalies, lack of internal control environment, lifestyle and behaviour. The most effective tools for fraud detection are internal audit review, specific investigation by management, and whistle-blowing. The paper details the fraud investigation process and the role of auditors as fraud examiners. The correlation of fraud perpetrators’ personality with the size of losses is examined. Personality is analysed into age, gender, position, educational background and collusion. A strong system of internal control is most effective in fraud prevention. Fraud prevention procedures, targeted goals and improvements to system weaknesses feature in the paper. Fraud impacts on accounting transactions in accounts receivable, receipts and disbursements, accounts payable, inventories and fixed assets, and financial reporting. The monetary impact resulting from fraud is analysed...
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