...During 1939 to 1945 World War II was considered the bloodiest conflict in history. Seeds of the war were sown in the Treaty of Versailles which ended World War I. The Treaty was signed on June 28, 1919. This was negotiated among Allied powers with little participation by Germany. Boundaries and assigned liability for reparations with the five years of enforcement, the French assented to the modification of important provisions. The provisions were that Germany agreed to pay reparations under the Dawes Plan and Young Plan. However this was canceled when Hitler rise to power and destructions. What events brought the use into WWII there were a couple of things leading up to the involvement. One would be Germany had a plan to try to prevent Britain from getting their supplies for war by using unrestricted submarine ware force or known as the German U-boats. Allied ships were the only ones being sunk by this however, the “Lusitania” held large amount of passengers and many of them died. At this time the US threatened to go to war but due to Germany backing down. Germany attempted to bargain and started up sinking ships however, this time was allied and neutral ships. Another event leading up to the involvement was the economy downfall due to the stock market collapsing in the 1900’s. With the problem it just increased the tensions which lead up to the fight between Communist and Nationalist. With Adolf Hitler’s National Socialist (Nazi) party coming into power which we...
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...(1) Brown was responsible for the killing about six people and watched about four of his own die. Ultimately, Brown risked the lives of ten people to try to free millions. It is accurate to refer to Brown as a martyr since he died for his religion and beliefs, but he is not a madman or terrorist. In the fight against Japan during World War Two, it was estimated there would be 2.9 to 3.3 million casualties if The Allies continued to ‘Island Hop.’(2) The “Little Boy” and “Fat Man” bomb are responsible for the death of over 104,000 people. (2) Even though, the atomic bombs are responsible for killing over 100,000 people, thirty times that number could have died or been injured in ‘Island Hopping’. Brown sacrificed approximately ten people in the hope that over three million people would be free. Brown’s goals were justified, millions more would have benefited from his action than...
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...WWII in East and Southeast Asia Since the beginning of civilization, humanity has always been at war. WWII, one of the most devastating wars in history, left an impact on nearly every region of the Earth. The regions of East and Southeast Asia were left devastated with poor economies, war, and pollution. These effects have caused multiple issues post WWII, some still unresolved today. Both areas have faced many trials, but people never mention them. The first changes to occur mainly took place in Southeast Asia. Due to the defeat of the Japanese Empire, these countries became independent, unless their former owner annexed them again. As a consequence of the war and a large amount of debt, the UK, France, the Netherlands, and Germany failed to fund for many of their colonies. This allowed the independence of Indonesia, Malaysia, and the Philippines, but most importantly, Korea and Vietnam. Though some amount of confusion took place in most of these countries, the most notable ones include Vietnam and Korea. The...
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...Warren Buffett said Wednesday the threat to not raise the nation's debt limit "after you've already spent the money" is a "political weapon of mass destruction" comparable to poison gas and shouldn't be used by either party. "I know it's been used in the past, but we used the atomic bomb back in 1945 but we decided we weren't going to do something like that again," he said hours before the government's midnight deadline to raise the debt limit or possibly default. Buffett called on both sides to pledge not to use the debt limit as a weapon. "There are plenty of weapons that can be used," like filibusters, he said. In a live interview on CNBC's "Squawk Box, the Berkshire Hathaway (BRK-A) chairman said he doesn't expect the U.S. will do anything to damage its 237-year reputation of paying its bills on time, but if it does it would be a "pure act of idiocy" and "asinine." Buffett said Berkshire owns short-term Treasury securities but he isn't worried about getting paid. (Read more: Berkshire Hathaway's 15 Biggest Stock Holdings ) He also said the ongoing crisis in Washington over spending and the debt limit is no reason to avoid buying securities, pointing out that Berkshire subsidiary Marmon Group just paid $1.1 billion for a British drinks dispensing business. "We did not buy it with a condition that we could call off the deal" if there was no vote to raise the debt limit, he said. (Read more below the...
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...help our nations in need. The U.S. has been in many wars and spent precious lives, without it we would not be where we are today. On December 8, 1941, the U.S. signed a declaration to go to war against Japan and later with Germany. World War II was known as “the good war” (Pauwels). Although WWII was one of many gruesome wars the U.S. had fought it was widely celebrated as a “crusade.” Many veterans lives were lost in this war. G.C. Marshall says "We are determined that before the sun sets on this terrible struggle our flag will be recognized throughout the world as a symbol of freedom on the one hand, of overwhelming power on the other” (Marshall). On August 6, 1945, and August 9, 1945, two atomic bombs were dropped on Hiroshima and Nagasaki changing the world forever. These bombs symbolized strength and power to all of the world. The U.S. not only won but, established dominance throughout the world. This war brought many jobs and helped bring the United States out of the Great Depression. It brought not only jobs for the soldiers, but for the makers of the weapons and ammunition that was supplied. On September 11, 2001, United States witness a terrible tragedy. The World Trade Center the tallest and most elegant towers were destroyed in a matter of minutes . On September 22, 2001, George W. Bush declared war with Iraq (George W. Bush). Our nation sent millions of soldiers to...
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...Loan Debt: A Threat to the American Economy And the College Education. As the ever increasing ceiling of student loan debt rises, it bears more of an impact on the generation known as the “Millennials” and the rest of the economy. Many individuals who have decided to embark on earning a college education, whether it is a bachelor’s degree or higher, have had to contemplate on how they would finance such an endeavor. An increasing number of institutions, including private and federally supported bodies, now offer student loans to help many students obtain a college education. Some students find themselves in what can be considered a downward spiral of increasing debt, as these loans continue to mature over time. Many times payments spread over a number of years, equal what some have spent on what use to be the American dream, which was purchasing a home and having the satisfaction of becoming a proud property owner. At the alarming and increasing rate that students spend on education nowadays, it will eventually be safe to say that many individuals will have some very difficult decisions to make concerning what purchases take precedence over the other. Evidence has shown that earning a post-secondary education will be increasingly harder for students to accomplish overtime. There are many obstacles that have developed in modern times for today’s college students. Obstacles include but are not limited to the ability to finance a college education, and maintain that debt throughout...
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...strike. I think the film shows the mentality that the United States was expecting a retaliation bombing for the use of nuclear weapons on Nagasaki during World War II. The feeling must have been beyond frightening to believe the threat was so high that they needed to teach their children of as young as six years old how to react to a nuclear strike. The fear that our enemies can hurt us on our own soil without warning left our country feeling many emotions such as vulnerable and angry all at once. The United States felt fear of retaliation that our enemies would strike us on our own soil. The fear was so great that they felt the need to teach everyone how to react to a nuclear attack. The face of war changed when we dropped the Atom Bomb on Hiroshima and Nagasaki. It showed the world that we had the most powerful weapon in the world, so powerful it ends wars. The terrorist attacks on 9/11 caused so much fear that the United States declared war on terror but nobody saw it coming. We as a country vowed to never be that vulnerable again but in my opinion it still seems as if no certain drastic measures have been taken to be better prepared for another attack on U.S. soil. The threat of nuclear attack and the threat of a terrorist attack are the same. Both types of attacks were based on the element of surprise. The similarities of both are fear. Fear is a strong motivator it can motivate countries to declare war or to surrender a war. The differences between a nuclear attack...
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...Davis Guggenheim, “A Mother’s Promise”, draws potential voters into Obama’s campaign using many rhetorical devices within the process, specifically logos, pathos and ethos. Renown director, Guggenheim, supports Obama’s campaign with hard evidence and factual information through visuals seen by potential voters. Using this rhetorical device known as logos, the director shows the audience videos of World War II. Obama’s grandparents, growing up in the great depression, were hard workers. His grandfather fought in Patton's army while his grandmother worked on a bomber assembly line. While the narrator is talking in the campaign video about Obama’s grandfather’s line of work, the audience observes the clips of bombs falling from an airplane, tanks, and women assembling bombs. This footage from World War II is strategically placed to make the viewers realize the severity of the world renowned historical event. Within this realization comes respect. In the American culture the most honorable thing you can do for your country is fight for it. This, in turn, leads the audience to have a feeling of respect towards Obama’s grandparents for their service at this country’s lowest point. Additionally, one may argue that Guggenheim made Obama’s grandparents the model American citizens establishing Obama with a solid, patriotic, family. The director chose important people in society to speak about the future president, Barack Obama. Laurence M. Walsh is one of the political figures chosen...
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...Society. There was the 1993 World Trade Center bombing where Ramzi Yousef, and his co-conspirators detonated a truck bomb in the basement, killing six, injuring more than 1,000 people, and caused a 98 feet hole in the buildings basement. Thankfully, their original plan to bring the buildings failed and the buildings were repaired and reopened shortly afterwards. Also, there was another display terrorism when Timothy McVeigh detonated a bomb at a government building in Oklahoma City, killing nearly 170 and injuring almost 700 people in 1995. Although this wasn’t a jihadist carrying out the attack like in the 1993 bombing, it was still a big deal considering the damage done by the bomb, and the fact that it was only two years after the 1993 bombing in the trade center....
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...the likes of Facebook's Sheryl Sandberg and IBM's Ginni Rometty. During his one-on-one interview Wednesday with Fortune's Carol Loomis, he continued to win over the audience with his refreshing and positive outlook about his life, the economy and women in business. Still, he wasn't afraid to take on the dysfunction in Washington and said it was "so stupid" to even think that the U.S. could default on its debt. Highlights from Buffett's time on stage: On the fight over the debt limit: * "We have spent 237 years since 1776 building a reputation as the most wonderful country on earth, and one that's entrusted with having the reserve currency of the world. ... That is being put in jeopardy now and it could be destroyed in a little while. A great reputation is like virginity. It can preserved, but it can't be restored." * "The whole idea of a debt limit is a terrible, terrible mistake. If you're going to spend more than you take in, what are you going to do except raise the debt limit? So it becomes this political weapon of mass destruction. It really is like a nuclear bomb. It's something that maybe you talk about but never dream of using." On the economy: * "The country’s coming back. You can’t stop the United States. We get through everything." * "I’ve filed a tax return every year since I was 13. The last decade has been about the lowest tax rate. It was tougher when I was selling shirts at Penney’s." On women: * "People in power don’t give it up easily...
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...addition he notes that this global leveling can be both positive and detrimental. Evidence of one of the more detrimental effects of flattening is easy to view in the recent crisis of the Greek economy and its effect on the global economy. Greece is one of the smallest economies in Europe, however between the technological ease of information of the Greek economies woes being broadcasted incessantly and the interdependency of the European and other world markets, what was once a regional concern about the amount of debt amassed by a small economy has rapidly turned into a worldwide economic contagion. “Worries that over indebted Greece could default sent investors scouring for the next ticking debt bomb. The euro zone has quite a selection to choose from: Portugal, Italy, Ireland and Spain, which, along with Greece, form the aptly nicknamed PIIGS. Yields on the sovereign bonds of Portugal and Spain have already risen, a sign that investors believe holding their debt is becoming riskier.” (Schuman, http://www.time.com/time/magazine/article/0,9171,1987598,00.html) Greece’s economic turmoil combined with other EU member states poised to default has caused a global unease that endangers the recovery of the United States market as well. The U.S. was finally seeing some signs of growth after a trying recession but now fear is back with a vengeance. On May 6th, 2010, amid simulcast images of rioting in Greece against the austerity actions, this fear bounced across the world...
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...Can Stringer stop Sony malfunctioning? Sony has ditched its chief executive and brought in the head of its American division to run the media and electronics conglomerate. But resolving the conflicting aims of its two main businesses may take more than a fresh face at the top IN HIS efforts to revive the flagging fortunes of Sony, Nobuyuki Idei was widely credited with embracing western business practices. On Monday March 7th the giant corporation’s boss found himself on the wrong end of a western business practice that is rarely encountered in Japan. He was nudged aside, along with his deputy, presumably for his inability to improve the fortunes of a firm that has failed to make the various prongs of its business pull successfully in the same direction. During Mr Idei’s five-year tenure as chairman and chief executive, Sony’s share price fell by around 60%. Mr Idei’s replacement is Sir Howard Stringer, the Welsh-born boss of Sony’s American operations. His appointment gives him a position in Japanese business unmatched by any other foreign national—indeed, some even speculate that it marks a turning-point for the Japanese boardroom. Sir Howard is likely to apply a far more powerful dose of American-style management to the ailing behemoth. But finding a way to align the competing concerns of the different parts of the Sony empire may prove beyond even the sharpest businessman. Sony is essentially a firm of two parts: electronic goods and media content. It was founded...
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...ETHICS IN ACCOUNTING: THE WORLDCOM INC. SCANDAL Conf.univ.dr. Lucian Cernuşca “Aurel Vlaicu” University, Arad, str. Piaţa Sporturilor, nr. 10, bl. 25, apt. 7, 310167 Arad, Phone: 0730468534, luciancernusca@gmail.com What is ethics? What does ethics have to do with accounting? How does a scandal affect the business environment and the society? This article will explain just those questions by analyzing a “famous” fraud scandal: WorldCom Inc. The article discusses the chronology of events that lead to the WorldCom Inc. collapse and explains how the figures were manipulated for the owners’ interest and what the accounting scam was. The article ends with the consequences of the scandal and what the effects were on the society and business environment in general. JEL Classification: M4 Accounting and Auditing Key words: ethics, accounting, bankruptcy, WorldCom Inc., expenses. What is ethics? Why ethics in accounting? Ethical values are the foundations on which a civilized society is based on. Without them, the civilization collapses. In business, the purpose of ethics is to direct business men and women to abide by a code of conduct that facilitates public confidence in their product and services. In the accounting field, professional accounting organizations recognize the accounting profession’s responsibility to provide ethical guidelines to its members. Ethics must and should be taught. People are not born with the desire to be ethical or be concerned with...
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...World War II: Its Causes, Effects, and the Aftermath An American Story History 202 Matt Shaffer July 22, 2010 Known as one of the bloodiest wars in world history, World War II brought about many new changes of how wars are fought and had a great impact on humanity. More than 50 countries were involved in the war, and the entire world felt its effects. World War II killed more people, was more expensive, and created more drastic changes in almost every country than any other war in history. Tactical warfare was greatly influenced, as well as the major player for the center of world power. Following World War I, the United States conquered the entire world market of food and industry. Germany, Japan, and Italy became anxious to expand and increase their power, and they felt as though they were at a disadvantage in trying to compete with other countries for world markets. These three nations felt that other nations unjustly controlled the majority of the world’s wealth. As a result, they began to find lands to take over that they believed to be their cut of the world’s resources. In helping on doing so, military leaders in Japan took over the government, and Adolf Hitler became the chancellor of Germany. By 1939, there was an all out war in Europe (“Stanovov,” 2000). In America, people were divided on their opinions of the United States involvement in the war. Most wanted the Allied nations to prevail; however, they also wanted the U.S. to stay out of the war. Others...
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...of Deregulation allowing banks to make risky investments during the Ronald Reagan, Bush and Clinton’s administration. By the 1990 the largest financial company in the world was created ad this was dominated by 5 investments banks such as Goldman, Morgan and Stanley and Lehman and Brothers, 3 insurance companies (AIG,MBIA, AMBAC) and 3 grading companies. All three created their own loan chain for investment all over the world. In the old system loan money went to local Lenders, but in the new system lenders sold their loans to investment banks creating Collaterized Debt Obligations (CDO), the investment banks then sold the CDO’s to investors to all over the world. Now went home owners pay their mortgages money goes to investors all over the world. The purpose of the Grading companies was to grade how good these investments were, but at the same time they were pay by the investment banks, creating a ticking time bomb. Lenders did not care whether the loan can be paid or not, so they started to make risky loans, investment banks did not care either because while they more CDO’s were sold, more profit they will make. During 2000 and 2004 mortgages quadruple. This risky loans known as subprime loans were preferred by banks because they carried higher interest, and their employees did not care of the well being of the institution. This led to a massive increase in predatory lending, borrowers were needlessly place in expensive subprime loans, and many loans were given to people who...
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