Impact of Bankers Bonuses on the Economy Research Paper

Impact of Bankers Bonuses on the Economy - Research Paper Example A qualitative analysis would be conducted in order to accomplish the objectives of this research study, for which both primary as well as secondary data would be collected. The secondary data would be collected through authentic print as well as online sources, while for collecting primary data; a focus group interview would be conducted among 10 respondents.The spectacular collapse of financial institutions and banks has raised questions that link the bank executives and the payments that they received for their performance. Thomas Philippon and Ariell Reshef in their research report had mentioned that in the year 2000, the salary that the executives received in the banking sector were augmented by about 40 percent, in spite of having the same qualification (Fox, 2009). They were also offered stocks and other equity options in order to avoid their practice of short-termism. It was found that the level of pay of the executives increased dramatically in comparison to the non-executive s (The Independent, 2009). Standard & Poor 500 stated that the average total pay of the CEOs has increased to 10.5 million during the year 2008 from $850,000 in the 1970s. 1.2 Research Problem The research problem revolves around bankers’ bonus and its effect on the economy. This is because it was found that even during the economic crisis when the banks were collapsing, their bankers were receiving the hefty bonus for their performance, which is an underlying cause of financial crisis. 1.3 Research Aim and Objective The aim of this research paper is to identify the relationship between bankers’ bonus and the global economy. In order to fulfill this aim, the objective of the researcher would be to analyze the payment structure in the banking sector, which also includes the bonus. Secondly, the cause and effect of bonus payment on the financial status of the banks during the financial crisis would be also examined. Thirdly, the issues would be identified in order to pre sent the wrong practices if any in this regard. 1.4 Research Questions The research questions have been formulated in line with the aims and objectives of this research study; they are stated below: Q1: Did the bankers receive a bonus during the financial downturn? If yes, then how much? Q2: What was the financial status of the banks which distributed bonus to its executives? Q3: What payment of bonus to bankers an underlying reason which added to the financial crisis?   Bankers’ bonuses are awarded to the workers in the banking and finance industry, which was traditionally paid at the end of the year with the intention of rewarding employees. This was a way to appreciate their contribution to the growth and development of the organization. However, the present scenario of bankers’ bonus can be better explained through Peter Ducker’s words. He stated that when the bosses themselves get over indulged in the corporate trough, they tend to lose respect in the org anization.  Ã‚  

The Health Communication Campaign Essay Example | Topics and Well Written Essays - 3250 words

The Health Communication Campaign - Essay Example A health communication campaign is believed influential if it employs the psychology of persuasion through advertising, which is more elaborate and expensive.   This clashes with the more popular view that package warning labels incorporating all the necessary information and warning will serve the purpose, at less cost and effort.   Remember that the bottom line in every risk communication program is to change consumers’ attitudes and behavior, a complex task that calls for designing methods that would yield optimal results (Stewart & Martin, 1994).  Ã‚   The warning label strategy was primarily used in the anti-smoking campaigns in public places in some American states and in a nationwide alert against alcohol consumption during pregnancy.  Ã‚   Both communication programs failed to realize measurable results (Pechmann & Reibling, 2000; Hainkin, et al., 1998).  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   A cursory observation of consumer behavior shows that few if any read product labels for their risk content.   For most consumers, product labels, as in the case of food products, are generally a source of information for their nutritional elements.  Ã‚   It follows that a health warning squeezed into the product label is less likely to be noticed.   On the other hand, a health warning disseminated through the regular modes of advertising offers greater chances of breaking into the consciousness of consumers.  Ã‚  Ã‚   Advertising today is planned with increasing attention on the psychology of marketing, factoring in such considerations as age, personality, message relevance, consumer trends, social and group pressures.  Ã‚   Advertisers also target specific markets for better positioning of the product or idea that is being promoted.  Ã‚   Without market segmentation, targeting and positioning, advertising is conceded as a haphazard affair, unlikely to achieve its object ives. This supports the contention that communicating consumer risks through advertising has better possibilities of success than doing it through package warning labels.  Ã‚  

Technology Development and Market Globalization Essay

Technology Development and Market Globalization - Essay Example Therefore, environmental, social and economic concerns are influenced by technological development globally. The development of modern technologies, IT communications influenced the operation of the global market. For example, by means of electronic communication the modern employees are able to work for two or even more companies, they can regulate their own schedule and as a result we come across a well-developed an integrated cosmopolitan, a more dynamic individual, who is able to integrate in the system of countries integration globally. Question 2 Country factors to locate production In order to locate production in the global market, there is a need to take into account many different factors. For example, the importance of country factors cannot be denied. There is a need for firms operating at the local level to locate manufacturing activities in such a way, that it would focus on different economic, political, and cultural issues. Moreover, the relative factor costs play ano ther critical role in such type of performance. There are different regulations within a certain country, which may influence the national consumption of goods or production. For example, regulations on FDI or exchange rates changing are also essential for country factors considerations. Every country has its own system of values, factors, features and specific needs, which should be taken into account by the producers and manufacturers. Question 3 World financial system without IMF The important role of IMF in the global market cannot be denied. The important sustainable function of IMF with regards to different global countries can be found in multilateral and bilateral surveillance, development of its lending programs, and the provision of technical assistance. In case IMF was absent, it would be impossible for the world financial system to conduct a dialogue between countries-members. Any financial system would be unable to determine from an independent perspective its advantage s and disadvantages. This function is performed by IMF in the process of bilateral surveillance. Under conditions of multilateral surveillance IMF determines financial spillovers from one country to another. There is a technical assistance of IMF and diagnostic actions implemented by this organization, otherwise the countries would be lacking of strategic development of macroeconomic and other structural policies (Kiggundu, 2002). Question 4 China in international business China is a great player globally. This country is being developed at a full pace and it is a well-known producer of 13% of world economic output and consumes nickel, copper and oil at the fullest extent (Kiggundu, 2002). The role of China in WTO reflects the country’s ability to increase its export rates (for 29%). China is a great manufacturer and exporter of textile and electronics (Kiggundu, 2002). There are different spheres of business, trade and manufacturing, which are covered by China. There are fut ure intentions of the country to export cars and airplanes. The global society is greatly interested in investments into this country. There is a favorable atmosphere in China for skilled professionals, their training and education. There is an evident potential in the country, which is attractive for other global players. Question 5 Outsourcing Outsourcing is very

Importance of play in the speech and language therapy Assignment

Importance of play in the speech and language therapy - Assignment Example In my opinion, the members of administration team simply do not understand the importance of play in the children’s development and I believe such actions will highly affect our department. Playing is one of the activities that young children often spend the better part of their time doing during the day and it is therefore important to appreciate the significance and impact of playing on the learning and development of children (Pellegrini, 278). First and foremost children often use play to experiment and explore new things as well as use words to express their thoughts and ideas during play. As children grow and become more sophisticated in their play skills, their language development may equally advance. Children use language during play to solve problems and to communicate their desires. During play, children are normally provided with opportunities for social interaction with their peers and therefore learn to express and control their emotions using language. Speech an d language learning is an ongoing process that takes place all day long particularly during the children’s everyday activities such as playing. During such activities, children usually significantly enhance their communication and language skills in a very indirect way. Additionally play materials that allow children with language problems to play imitative and repetitive games may also them to acquire important skills such as those of listening and attention which are necessary for their speech and language development. According to many speech and language experts, play is one of the most effective and natural ways of encouraging the development of speech and language skills in children. This is particularly because small children usually learn many skills such as listening, attention, sharing, building sentences and imagination through play. Another important reason why it is critically for the hospital administration not to affect any budget cut on the play materials in m y department is that play helps the children to develop their concentration ability. For example playing children not only focus on objects and people but they also listen and learn a lot of new names and words and this is necessary for their communication development. Apart from speech and language development, playing also help children to learn about cultural expectations and norms, discover the world around them and learn how to negotiate their ways in their surroundings. Play also support development and learning of children in a number of ways. Recent research suggests that sufficient play not only enhances growth and enrichment of children but their active participation also facilitates control and mastery leading to feelings of self efficacy and competence. On the other hand, play also encourages children to take turns and this is also important because individuals often take turns to speak and listen during normal conversations. Play enhances confidence in children while ex pressing themselves and through this the child develops the art of; listening and attention, naming, building sentences and understanding. In order to learn a language, children need both to hear and see signs. This is why most of the play materials designed for children are usually labeled and described to enable them to make connection between the objects and the words and eventually learn to use such words. Children need very many playing materials and the proposed budget cuts may potentially affect their learning abilities. Right from birth babies should get sufficient playing materials such as dolls,

How has minimally invasive robotic surgery affected patient care Term Paper

How has minimally invasive robotic surgery affected patient care - Term Paper Example The instruments that the system is made of rotate within the body as it would in the case of the surgeon’s hands allows the surgeon to gain the surgical access. This because of the small size that is approximately one to inches making what would be otherwise impossible for the traditional surgeon possible. The system was mainly designed for the removal of prostate but has in its lasts model been used in bladder and kidney diseases, otolaryngology, abdominal and gynecology. The system is also applied in thoracic, pediatric and cardiac surgery. A long incision is made by the surgeon in the case of the traditional open surgery. This means that the surgeon requires more access to the patient’s anatomy that is actually required to perform an operation at a particular site. This is not the case with the advanced robotic surgery. Rigid manual instruments are the ones used in the case of the traditional minimally invasive surgery (laparoscopic surgery). These instruments pass through small incisions. The patient’s anatomy is observed through s video monitor that is standardized. On the other hand the robotic system does all the operations using a computerized system that require minimal and at some point on human control. The surgeon’s mechanical movement that allows for the 3D vision millimetric precision is done by the Da Vinci Si full HD robotic system. This makes sure that there is even a single hand trembling making it very helpful to the surgeon especially in those operations where precision in critical and makes a lot of difference. In the case of the traditional surgery trembling is common. Based on the above study, it can be concluded the invention of the da Vinci HD surgical system has been a major breakthrough in the field of surgery. Many lives have been saved through this advanced robotic surgery system with surgeons and patients benefiting in equal measures. There

Gendered Language in the Print Media Essay Example | Topics and Well Written Essays - 1500 words

Gendered Language in the Print Media - Essay Example Similarly there are a lot of nouns which are not gender-specific. But at the same time there are three examples where a woman holding a particular post is denoted by a feminine term, like, chairwoman, businesswoman and spokeswoman, and another example of addressing as chairman. Actually, these are examples of gendered language in the print media. The proper way to address is calling them Chairperson, businessperson or spokesperson respectively. Similarly, wife and husband are commonly used, which can be substituted by spouse r better-half. 'Actor' and 'artist' has now become the common way to address male and female actors alike. Author, the word generally representing male writers, is being replaced by the word 'writer'. Authoress is rarely used to address female writers. Hawaii Pidgin English, Hawaii Creole English, or simply Pidgin, is a creole language based in part on English used by most "local" residents of Hawaii. Pidgin sounds very familiar, as it is partly English, but the roots are also from the Hawaiian language and the languages that were spoken by the plantation workers, who came to Hawaii in the 19th century. Pidgin has some Chinese, Portuguese, Japanese and other influences. The origins of pidgin and negative terms used to describe it have led to shaping attitudes toward the language and its speakers. Kachru (1992) notes that Local Varieties are often barely accepted in their own environment, where it seems that the interaction between language and that environment is not seen as an adequate reason for deviation from the metropolitan norm, the so-called Prestige Variety. Pidgin is a language, just as English is a language. There are social advantages to being able to speak pidgin, just as there are social advantages to being able to speak Standard English. There is plenty of room for pidgin and English to coexist peacefully and be mutually enriching. Hawaii Creole speakers have mixed feelings about the Creole language. Hawaii Creole has often been denigrated as a sub-standard form of English.

Drugs and Crime Essay Example | Topics and Well Written Essays - 1000 words

Drugs and Crime - Essay Example With its highly addictive nature, the introduction of opium into America in the 1800s was the country’s first introduction to the dangers of recreational drug use. Originally seen as more of a disreputable practice involving the integration of races as mentioned in Martin Booth’s Opium: A History, â€Å"The dens were a sign of decadence and contact with the Chinamen, as with other colored races, was seen as socially polluting† (104), the use of opium quickly spiraled out of control. Tracing through the laws governing opium importation, one can see the government slowly becoming aware of the potential social ills brought in with the practice. According to Holden, opium importation was at first merely charged import duties in San Francisco, which were gradually increased as the government became more aware of the volumes of the drug being imported. However, raising the duties merely served to increase the smuggling trade. By 1898, legal restrictions on the use and distribution of the drug were proving to have little effect other than to drive the trade underground as was reported in that year in the Scientific American. â€Å"The great demand for the extract has induced smuggling, and illicit stills were started everywhere. Opium was and is still smuggled in at the Canada and Mexican lines. It is landed at the islands off shore and brought in by Chinese fishermen, smuggled in on steamers, dropped into the bay and the law evaded in numerous ways familiar to the ‘heathen Chinee’† (Holder 147). Despite the growing power of the opium trade in the late 1800s, â€Å"Illegal Drugs† states â€Å"[international] controls, domestic law enforcement, and a societal shunning of these much-feared substances combined to largely eliminate† the use of drugs by the outbreak of World War II. Evidence of the social opinion of the use of opium and