Air pollution Essays

Air pollution Essays Air pollution Paper Air pollution Paper Vicar Guppy, M. D. , and Santos Ass , M. D. Stated in Air Pollution: Indian Scenario, Disease and malformation caused by air pollution is not a natural occurrence to be overlooked because if people themselves try to help reducing the pollutants, then health risk can be controlled. 5. RECOMMENDATION FOR AIR POLLUTION Solution efforts on pollution are always a big problem. Several attempts are being made worldwide on personal, industrial and governmental levels to curb the intensity at which Air Pollution is rising and regain a balance as far as the proportions of the foundation gases are concerned. This is a direct attempt at slacking Global warming. This is why prevention interventions are always a better way of controlling air pollution. We are seeing a series of innovations and experiments aimed at alternate and unconventional options to reduce pollutants. Air Pollution is one of the larger mirrors of mans follies, and a challenge we need to overcome to see a tomorrow. In many big cities, monitoring equipment has been installed at many points in the city. Authorities read them regularly to check the quality of air. The lesson to be taken is from the case study of Mexico City. The government introduced air laity improvement programs ? PICA and PAIRED that include, among other measures, a rotating one-weekday ban on private car use. On days of high pollution, the ban extends to every second day and some manufacturing activities are curtailed. In addition, car owners must have their vehicles certified every six months. The following are some recommendation action to reduce air pollution. . 1 Government (or community) Level prevention 5. 1. 1 Emphasis on clean energy resources Government throughout the world would have already taken action against air pollution by introducing green energy. Some governments are investing n clean energy technologies like wind energy and solar energy, as well as other renewable energy, to minimize burning of fossil fuels, which cause heavy air pollution. Governments are also forcing companies to be more responsible with their manufacturing activities, so that even though they still cause pollution, they are a lot controlled. 5. 1. Use energy efficient devices CFML lights consume less electricity as against their counterparts. They live longer, consume less electricity, lower electricity bills and also help you to reduce pollution by consuming less energy. Companies are also building ore energy efficient cars, which pollute less than before. 5. 2 Individual Level Prevention 5. 2. 1 Use public mode Of transportation Encourage your family to use the bus, train or bike when commuting. Also, try to make use of carpooling. If you and your colleagues come from the same locality and have same timings you can explore this option to save energy and money. If we all do this, there will be fewer cars on road and less fumes. 5. 2. 2 Conserve energy Use energy (light, water, boiler, kettle and fire woods) wisely. This is because lots of fossil fuels are burned to generate electricity, and so if we can cut own the use, we will also cut down the amount of pollution we create. 5. 2. 3 understand the concept of Reduce, Reuse and Recycle Recycle and re-use things. This will minimize the dependence of producing new things. Remember manufacturing industries create a lot of pollution, so if we can re-use things like shopping plastic bags, clothing, paper and bottles, it can help. . BIBLIOGRAPHY REFERENCES or. Amandine Sings, MD, Dry. Vicar Guppy. MD, Dry. Santos ass, MD. (2009). Volume 10. Number 2. November 2009. Air Pollution : Indian Scenario in The Pacific Journal of Science and Technology. Http://www. Sentimentality. S/ PAST. HTML . Accessed 9 October 2013. John Fletcher (201 1). Air Pollution . Geography. Michelle Hobbler, (2003). Health A n Ecosystem Approach. Wham. Dire. Ca/ cheesecloth . Accessed 9 October 2013. Website references: http://en. M. Wisped. Org/WI ski/Kyoto_protocol http://en. M. Wisped. Org/WI ski/Air_poll lotion http://environment. Cinematographic. Com/environment/global-warming/ pollution-overview http://schooldays. Com/pollution/air-pollution/air- pollution-prevention-HTML Mass. Gob/deep/air/aqua/envy_effects. HTML Conserve-energy-future. Com/causes-effects-solutions-of-air- pollution. PH . APPENDICES CASE STUDY : MEXICO CITY Taking Control of Air Pollution in Mexico City A clean air drive targets health improvements and health care savings Located in a pollutant-trapping valley, Mexico City ? one of the worlds largest cities ? has had limited success in battling suffocating air pollution. A new understanding of the health impacts of this pollution ? and of peoples role in both the problem and the solution ? could lead to better targeted, more effective air improvement programs. Famous for its size, its history, and the warmth of its people, Mexico City is also infamous for its air pollution. In 1992, the United Nations described the citys air as the most polluted on the planet. Six years later, that air earned Mexico the reputation of the most dangerous city in the world for children. This is a reputation Mexico has been working hard to improve. But despite more than a decade of stringent pollution-control measures, a dull haze hangs over the city most days, obscuring the stunning snow-capped mountains that frame the city and endangering the health of its inhabitants. Many factors have contributed to this situation: industrial growth, a population boom (from 3 million in 1950 to some 20 million today), and the relaxation of vehicles. More than 3. 5 million vehicles ? 30% of them more than 20 years old ? now ply the city streets. Geography conspires with human activity to produce a poisonous scenario. Located in the crater of an extinct volcano, Mexico City is about 2,240 meters above sea level. The lower atmospheric oxygen levels at this altitude cause incomplete fuel combustion in engines and higher emissions of carbon monoxide, hydrocarbons, and volatile organic compounds. Intense sunlight turns these noxious gases into higher than normal smog levels. In turn, the smog prevents the sun from eating the atmosphere enough to penetrate the inversion layer that blankets the city. Solving this problem has been a priority of the Metropolitan Environmental Commission, which is integrated with local and federal authorities. Recent efforts to curb emissions have been relatively successful. In the 1 9905, for instance, the government introduced air quality improvement programs ? PICA and PAIRED that include, among other measures, a rotating one-weekday ban on private car use. On days of high pollution, the ban extends to every second day and some manufacturing certified every six months. But if lead, carbon monoxide, and sulfur dioxide are now under control, pollution levels of other contaminants are still far above air quality standards. A closer look at pollution When PAIRED concluded in 2000, environmental authorities undertook a longer, ambitious air quality improvement program: PAIRED 2002-2010. TO develop the program, however, accurate measures were needed to determine how improving air quality would improve health and reduce health expenditures. A number of questions also needed to be answered about the relationship between the citys inhabitants and air pollution: How do people perceive pollution? How does it affect them? What are they willing to do or pay for cleaner air? How can they be motivated to help solve it? The Mexico City government set out to answer these questions, with support from Canadas International Development Research Centre (DIRE) and the Netherlands Trust Fund through the World Bank and the Pan American Health Organization. If the first question was fairly simple ? what is the economic value of benefits reaped from reducing air pollution? ? answering it was not. No one really knows, or understands, the relationship between environmental contaminants and the health of inhabitants, says biologist Roberto Murmur Cruz, subdirectory of information and analysis at Mexico Citys atmospheric monitoring system, part of the Secretariat del Media Ambient (department of the environment). The Secretariat coordinated the project in collaboration with the Center National De Salad Ambient (national centre for environmental health), the nongovernmental organization GREECE (a study group on relations between the environment and behavior), and the Institute De Ia Meijer del District Federal (Womens Institute of Mexico City). The researchers focused on health hazards posed by the most serious Laotians in Mexico: ozone, produced when nitrogen oxides and volatile organic compounds react in sunlight, and PM O ? resalable particulate matter less than 10 microns (0. 01 millimeters) in diameter. IMO comes from various sources, including road construction and dust, smoke-belching diesel trucks and buses, forest fires, and burning refuse in the open air. Both pollutants can irritate eyes, cause or aggravate a range of respiratory and cardiovascular ailments, and lead to premature death. Its not air pollution that kills people, explains Munson, but some people die sooner than they would otherwise. More than 20 researchers from eight academic, governmental, donor, and nongovernmental organizations in Mexico, the Netherlands, and the USA contributed to compiling and analyzing the findings of national and international studies of the health effects of ozone and PM O. Surveys were also carried out to determine peoples perceptions of the pollution problem, says Munson. A population exposure model was then developed, using data from Mexico sophisticated air-monitoring network. The study estimated that pollution levels in 2010 will be much the same as in the late sass when ozone levels exceeded standards on almost 90% of days ND IMO on 30% to 50% of days, explains Dry Victor Boors Abort, former Director of the Center National De Salad Ambient at the Secretariat De Salad and now coordinator of workplace health, who led the projects first module. Tangible benefits Earlier efforts to assess the Costs Of pollution in Mexico City had focused on direct medical costs such as medicines and hospital visits and on productivity losses ? income lost by those who were sick. This study, however, sought to provide a more comprehensive picture. Air quality and exposure meddlers, epidemiologists and public health specialists, economists and statisticians assessed a wide range of health benefits and savings, including peoples willingness to pay for better health and a potentially longer life. Communications and social participation specialists worked to understand peoples perceptions and get at indirect costs because, as Munson explains, not only do people who get sick lose days from work, but also mothers stay home to take care of the children who get sick. It was an important transcriptional experience, says Munson. Bringing together different disciplines to provide a holistic picture ? an approach central to cheesecloth research ? proved very successful. And a strong connection was forged between the institutions and between government and research institutes. The research concluded that reducing PM 0 would yield the greatest health and financial benefits : each micrograms per cubic centimeter reduction would be worth about CSS$1 00 million a year. Reducing both ozone and IMO by just 10% would result in average savings offs$760 million a year. In human terms that would translate into, for example, 33,287 fewer emergency room visits for respiratory distress in 2010 and 88 fewer hospital admissions for the same problem. In addition, says Mums, it would lead to 266 fewer infant deaths a year an important consideration not valuated. Clearly this justifies relatively high expenditures to further reduce polluting emissions, Munson says. Much to the projects credit, this detailed information provided the scientific underpinning of PAIRED 2002-2010, which calls for close to US$15 billion of public and private investments in air quality improvement projects. The information has also been made available to the international community through a number of publications. What do Mexicans think? If people largely cause air pollution, they must also be involved in cleaning it up. Certainly the original PAIRED program recognized this and included various formal and informal programs to inform people about the problem and invite them to action. It recognized that a cultural change was needed to modify the society-city-environment relation, says Munson. But in a city as large and as socially and culturally diverse as Mexico, that proved no easy task. The research team surveyed close to 4,000 residents in all sectors or delegations of the city. Completed questionnaires showed that close to 30% believe the governments motives in seeking to reduce air pollution are silvering. More than 30% also think that the governments online air quality reports are false. (http://148. 243. 232. 103/amicable/) In fact, says Munson, We found that most people dont even consult the official information.

Osteoarthritis essays

Osteoarthritis essays The Pathophysiology of osteoarthritis is the affection of articular cartilage, along with the synovial fluid in the joint, permitting almost frictionless movement of joint bones at their points of contact. The frictional resistance of normal joints is the cartilage layer to absorb the shock associated with joint use. When weight is loaded onto the joint, the cartilage layer compresses. Once the weight is removed, the cartilage rebounds to its original dimensions. The articular cartilage is firmly attached to its underlying subchondral bone by a subchondral plate. This allows the subchondral plate to act as a shock absorber, which protects the joint from applied stresses. A thin layer of calcified cartilage separates the noncalcified or articular cartilage from its bony subchondral bed. The interface between the calcified cartilage and articular cartilage is known as the tidemark. The articular cartilage, with the subchondral bone and the surrounding skeletal muscles, supports even di stribution of weight loading across the entire joint structure. Osteoarthritis is a very common condition where the joints are affected by degeneration, often described as "wear and tear" arthritis. This can start from our early teens and gets worse as we grow older into adulthood. Wear and tear" does account for a large percentage of the problem, but there are many examples of people who have had very similar lives, one of whom will have virtually perfect joints, while the other will have really quite severe osteoarthritis. Thus there must be an inbuilt susceptibility in the protection against such disease. Symptoms in OA tend to get worse with activity, so that the end of the day is the worst time (in contrast to inflammatory arthritis). There may be hard, bony swelling of the joints, and a gritty feeling (or even noise) when the joint is moved (this is called crepitus). The symptoms of osteoarthritis are mainly pain, swe ...

JRN WEEK3 Coursework Example | Topics and Well Written Essays - 250 words

JRN WEEK3 - Coursework Example There are many individuals who have no idea of what global warming is and how to prevent it. The media only focus on natural disasters when they happen and offer no assistance in terms of knowledge. Dr. Martin Patchen challenges the media to provide more comprehensive coverage on social issues, and global warming should be prioritized. Since the media reaches millions of viewers, it can educate people on how ways to combat global warming. Global warming is to blame for the natural disasters that are rocking our world today, for example, the floods that have devastated the city of Houston, Texas in the United States. The media does not tend to long-term issues they instead tend to focus on short-term problems so they can move on to other stories. Global warming is real and they sooner the media realize it, they can take it upon themselves to educate the general public. People tend to remember the effects of global warming when disaster strikes. Patiently waiting for others to handle global warming is a misguided conception, and each person has the responsibility of reduce the risks of global warming. Some of the activities that can decrease the risk of global warming include pla nting trees and decreasing the percentage of greenhouse gas emissions such as carbon

Mental Skills Training Program Essay Example | Topics and Well Written Essays - 750 words

Mental Skills Training Program - Essay Example Based on a recent performance profile, it is found that I lack two mental skills. Imagery and confidence are mental skills currently lacked. The two lacked mental skills are important for everyday life. Imagery helps the mind focus on seeing things that have happened in the past, things that are happening now and events that may happen in the future. Portraying these images in a positive or negative way is a mental imagery skill. Confidence as a mental skill controls how actions are made, decisions in life and the way someone feels. Each one of these mental skills contributes to decisions that are made in everyday life. These mental skills also affect an athlete’s performance. What does imagery as a mental skill do? Imagery as a mental skill is basically the ability to go over an event and imagine what the outcome will be. This goes hand in hand with confidence. Having strong confidence will help the imagery skill imagine a more positive outcome. A positive outcome and better confidence will lead to higher performance. Setting up a plan to improve these skills will help improve confidence and the mental ability to imagine better outcomes. Improving each one of these skills can help an individual go further in live and outperform others. In an article from the Journal of Education for Business, a study has shown that the use of negotiation classes can help build an individual’s confidence which will help the individual become more successful. Becoming better at negotiating will improve performance by a huge amount. Improved performance will lead to better confidence. I plan on using negotiation as a way to improve my confidence mental skill. Duration and repetition will aid in creating a mental skills training program that works on my weaker areas. To obtain better negotiating skills and better confidence I plan on using negotiating and becoming more comfortable negotiating with others. I will practice becoming comfortable negotiating for a month. Twice a week for the first month I will try to negotiate events that I would otherwise ignore. These events will be smaller things like household activities and small individual confrontations. After the first month, I can then begin using real world scenarios for negotiating. These negotiating skills may need to be modified to a class like session. If practicing negotiating on my own terms proves to be unsuccessful, the training can be modified to include negotiating classes. Another great way that was found to assist in improving mental skills was discovered by a research study conducted by International Education Studies. The research study was performed on college level soccer players. The soccer players were given different techniques to try and improve different mental skills like imagery, attention and motivation. The study showed that relaxation was the best improver. Relaxation was able to help the players relax by reducing muscle tension and improving focus. Becoming more relaxed before and after games, improved performance. Since relaxation has shown to have great imagery affects, relaxation will be part of the program used to improve weaker mental skills. In order to use relaxation to improve imagery,

Measuring Customer Satisfaction in the Hotel Industry Essay

Measuring Customer Satisfaction in the Hotel Industry - Essay Example This savaging effect of global economic crisis has proven to be a real challenge to the UK hotel industry. With a decline in demand due to decrease in the number of travellers, UK hotels are pushed to intensify their marketing strategies to tap the available market. One factor then that hotel owners should look at is how to drive the demand up basing on the quality of their products and services. A careful investigation of this aspect of hotel business is of paramount interest both to the government and to the private sectors as well. It is also essential information to the UK Hotel customers, both local and foreign. It is an interest to the government so that they will have information as to where to help in improving the customer relations of UK Hotels. While for the private sectors, this study will give valuable information as to how customer satisfaction can be improves, both in the hotel and in the non-hotel industry. This study specifically touches on the aspect of customer satisfaction from the UK Hotel Industry, particularly to know if hotels are aware of the level of their customers' satisfaction and to know what particular methods they use to ascertain this. It also aims to look whether customer satisfaction varies with the type of hotels as to local or international, and as to big, medium or small hotel Specifically, we wish to answer the following questions: a) Is customer satisfaction important in the UK hotel industry b) How important is customer satisfaction to UK hotels c) What is the level of implementation of customer related process within the hotel industry d) What is the level of awareness of the UK Hotels to TQM e) What methods of ensuring total quality are employed within the hotel f) What is the difference between local and international hotels in terms of customer satisfaction Small, medium and big THEORETICAL BASIS Business Dictionary defines customer satisfaction as "Degree of satisfaction provided by the goods or services of a firm as measured by the number of repeat customers" (BusinessDictionary.com). BNET Business Dictionary defines it as "the degree to which customer expectations of a product or service are met or exceeded" (CBS Interactive Inc.). The increase in competition is forcing more businesses to give much attention to satisfying the customers (Authenticity Consulting, LLC). Customer satisfaction in the UK was found to be a key weapon for competitive differentiation and customer retention (Horsnell 1998). Because of this, guest satisfaction is found to be a common practice as managers found out that excellent customer service is essential for their organization's health (Horsnell 1998). Customer satisfaction is the paramount criterion used to determine the quality that is actually given to customers through products/services and other accompanying services (Vavra 1997). More and more studies have revealed the importance of customer satisfaction. It is of great importance to business firms as it fuels repeat purchases and word-of-mouth recemmendation (H.W Berkman 1986). "Satisfaction reinforces positive attitudes toward the brand, leading to greater likelihood that the

Emotional Regulation Conflict Management Style in Students

Emotional Regulation Conflict Management Style in Students Abstract EMOTIONAL REGULATION AND CONFLICT MANAGEMENT STYLE AMONG UNIVERSITY STUDENTS M. VIJAY * S. KADHIRAVAN ** Research scholar Research supervisor This study examines about university students’ emotional regulation and conflict management style on the basis of demographic variables such as, stream of study, year of study and type of family. The researcher has employed the descriptive survey method for this study and the sample was carried from university students in Salem. The sample size is N=93, and‘t’ test, Pearson’s r and ANOVA were used and the data was analyzed through SPSS.V.22. This study reveals that students from arts and science background haven’t differed in their emotional regulation, first and final year students have partially differed in their emotional regulation than their conflict management style and finally students from nuclear family background have partially differed in their emotional regulation than the counterpart. The study concludes that, emotional regulation partially correlated with conflict management style at 0.05 levels. Key words: Emotional regulation, Conflict management style. INTRODUCTION Students are come across from many events in their life. Perhaps, events are generates some emotional reactions; those reactions invite either positive or negative consequences. Emotions are complex reaction that would not raise isolate, it is involved with internal subjective feelings and as well as influence of socio-cultural factors. When separating the problem students have different opinions, creative thoughts, skills, and values to directing the goals. In these context, when the person wants engaging an activity that is incongruent with his/her interest or needs lead to disagreement. An even disagreement produces some emotional reaction. In these contexts emotional regulation help to cope students’ emotional reaction, which means, it deal with any coping strategy used by the individual when deal with an unnecessary thoughts, feelings and emotions. In order to use managing conflict style also helps to coping their incongruent conflict issues in good manner. EMOTIONAL REGULATION In the stage of adolescence to adulthood is a major obstacle to move up for everyone because, in these stage people are inviting many commitments for showing their values in the social system.Through inviting more commitments people are experiencing emotional events. In these context, emotional regulation help to cope their emotion in wider perspective. Emotional regulation refers to extrinsic and intrinsic processes responsible for observing, assessing and modifying emotional reactions, in particular their exhaustive and temporal features toachieve one’s own goals Thompson (1994). Emotional regulation is a coping mechanism, it is concerned with emotions context whatever people areraised. There are two specific strategies often involving to regulate people emotions effectively, such as, cognitive reappraisal and expressive suppression. Cognitive reappraisal strategies deal with cognitive changes such as thinking, feeling, creating new ideas to interpreting emotional stimulus w hich means it involves recognition of the individual’s negative emotional response and reinterpretation of the situation by exchanging the negative thoughts to increasing positive thoughts. Expressive suppression also involves emotional regulation, it means, person’s knowledge about the causes of emotion that inhibiting ongoing emotional expressive behavior. CONFLICT MANAGEMENT STYLE When students are require to perform some activity that is incongruent with their interest leads disagreement. According to Rahim (1992) Conflict is an interactive process that manifested in incompatibility, disagreement or dissonance within or social entities. Conflict management refers to minimizing the negative outcomes of conflict and promotes the positive outcomes of conflict with the goal of improving learning in an organization. (Rahim, 2002).Conflict management helps to recognize, cope and to direct the conflict from negative aspect to positive manner. Rahim (1979) who psychologist, conceptualized five different conflict management styles to cope students’ conflict situation in an effective mode, there are, (I) integrating style, which involves high concern for self and others., (II) obliging style, it involves person who concerning low level for their own self and concerning high level for others, (III) dominating style, it involving high level of concern for their ow n self and as well low level of concern for others, (IV) avoiding style involves low level of concern for their own and also others and (V) compromising style involves equal concern for own and others. REVIEW OF RELATED LITERATURE The review of literature in the research study helps researcher to gain some knowledge and insight in to the purpose and the result of the study. Studies on emotional regulation and conflict management style are given below. Ahmet yigit and ahmwtozpolat (2014) conducted research on emotional regulation strategies as a predictor of life satisfaction of university students based on parent profession, income level and educational background. They found cognitive reappraisal strategy directly predict life satisfaction of parent profession, income level and educational background. Gulcimenyurtsever (2014) investigated negotiator profit predicated by cognitive reappraisal, suppression of emotions, and misrepresentation of information and tolerance of ambiguity among undergraduate students. The result reveled that negative coefficients were obtained from scored between emotional reaction and cognitive reappraisal and tolerance of ambiguity. PiiaNaykki and SannaJarvela (2014) examined socio-emotional conflict in collaborative learning of higher education context. Collaborative work of higher education students was followed during a three month course. The result indicate that has students are more experienced in socio-emotional challenges and adopt avoidance-focused emotion regulation behavior and to lower their on task engagement. Jianzhongxu (2013) conducted research on individual and group level factors for students’ emotion management in online collaborative group work in united state. The researcher found that, emotion management in group work was positively related to feed back, learning oriented reasons, arranging the environment. In addition compared with part-time students, fulltime students were more initiative in managing their emotions with doing online group work. Nicole M. Monteiro and Shyngle K (2014) examined the emotion regulation of coping strategies among university students in Botswana. The result indicate that students’ emotional suppression was positively correlated with problem solving, cognitive restructuring, expressing emotion, social support, problem avoidance and wishful thinking coping strategies. Ishfaq Ahmed and Muhammad (2010) studied about personality does affect conflict handling style among college students. The researchers’ found that personality affects avoiding and competing style of conflict management style. Hidetomorita (2003) investigated conflict management style of American and Japanese with close friendships among college students. He found that dominating and obliging style of conflict management often by American students than Japanese. Hossein Khanaki (2010) examined conflict management style among engineering students and experience engineers from Iran. The result reveled that experience engineers often prefer to avoid conflict management style and similarly both of them generally showed a lack of inters in competing style. Joanne C.Y. Chan (2014) examined conflict management styles, emotional intelligence and implicit theory of personality of nursing students. The researcher found that students often used obliging and integrating style than dominating style conflict management style for clinical supervisions. Eunjookim and ayano Yamaguchi (2014) investigated the effects of taking conflict personality on conflict management style across culture among undergraduate students. The researchers’ found that taking conflict personality indicated positive relation with participant’s conflict management style. Sehrish Hassan and Muhammad (2015) examined the relationship between conflict management, social support among university students in Pakistan. The result found that social support was not significantly correlated with conflict management styles and female students’ social support shown higher than males’. Tong Yu and guo-mingchen (2008) investigated intercultural sensitivity and conflict management styles in cross-cultural organizational situations among university students. The result revealed that moderate relationship between the two concepts and among respective dimensions. On above related literature provides detail knowledge about present status of emotional regulation and conflict management style. The researcher examines the relationship between emotional regulation and conflict management style among university students with the help of previous related literature knowledge. NEED FOR THE STUDY Emotions are develops throughout the life span. It does not arise in isolation; it is a combination of cognitive, behavioral and socio-cultural influences. Every student were experienced by emotional and conflict events, but they know how, where and which type of decision would aid to solve the problem. In these situations, emotional regulation and conflict management style would help to handle students’ problems in good manner. This study would help to examine the relationship between emotional regulation and conflict management style of university students’. HYPOTHESES Emotional regulation will be correlate with conflict management style of university students. Students from arts and science will be significantly differs in their emotional regulation. Students from first and final year will be significantly differs in their emotional regulation and as well as conflict management style. Students from nuclear and joint family will be significantly differs in their emotional regulation. RESEARCH METHOD The researcher has used descriptive survey method for this study. This study analyzes the relationship between emotional regulation and conflict management style of university students. The researcher has exploit incidental sampling method for select the participant in university. Students from first and final year were selected as a sample for this study. The data were collected from 160 students and finally only N=93 were selected for this study and also remaining data was eliminated on the consideration of spurious data. Emotional regulation questionnaire (ERQ) by Gross and john (2003) and conflict management style by Johnson (1990) were used for this study. The selected data were scored as per the scoring norms and also analyzed with the help of SPSS V-22. The data was in additionally promote to classified on the basis of stream of study [arts= 40; science = 53], year of study [first=59; final = 34] and the type of family [nuclear = 66; joint 27]. RESULT AND DISCUSSION Table-1 shows the difference between arts and science students in their emotional regulation. Table-1 From the table-1 it is found that the ‘t’ values are not significant for any one of the facet of emotional regulation. Hence the hypothesis is not accepted. It is concluded that students from arts and science stream did not differ in their emotional regulation. Table-2 shows the difference between first and final year students in their emotional regulation. Table-2 From the table-2 it is observed that the t-values are significant for cognitive reappraisal facet of emotional regulation than expressive suppression facet. It is indicate that first year students are often using their cognitive reappraisal strategies in their emotional regulation than final year students. First and final year students are significantly differ in their emotional regulation. Hence the hypothesis is accepted. Table-2.1 shows the difference between first and final year students in their conflict management style. Tabe-2.1 From the table-2.1 it is found that the t-values are not significant in none of the dimension of conflict management style.Hence the hypothesis is not accepted for conflict management style, but this hypothesis is accepted for emotional regulation. In general, it is concluded that the first and final year university students are differ in their emotional regulation than their conflict management style. Table-3 shows the difference between nuclear and joint family students in their emotional regulation Table-3 From the table-3 it is observed that the t-values are significant for cognitive reappraisal facet of emotional regulation than expressive suppression facet on the basis of students’ type of family. The table indicates that students from nuclear families are often used their cognitive reappraisal strategies in their emotional regulation rather than expressive suppression strategies. In general students from nuclear and joint families are partially differing in their emotional regulation. Hence the hypothesis is accepted. Table-4: Shows the correlation between emotional regulation and conflict management styles of university students. Table-1 **. Correlation is significant at the 0.01 level (2-tailed). *. Correlation is significant at the 0.05 level (2-tailed). From Table-4 it is found that the students’ emotional regulation is partially correlated with conflict management style. There are two strategies specifically involving in emotional regulation such as expressive suppression and cognitive reappraisal, this table shows that cognitive reappraisal facet is significantly correlated with collaborating style of conflict management style at the level of 0.05 (2-tailed). Cognitive reappraisal facet deals with person’s cognitive changes, such as, thinking, feeling, creating new ideas to interpreting emotional stimulus which means it involves recognition of the individual’s negative emotional response and reinterpretation of the situation by exchanging the negative thoughts to increasing positive thoughts. In addition collaborating style indicates that person’s high level of assertiveness and cooperation, it also attempts to provide the best solutions in conflict situation. In other hand, expressive suppression facet did not correlate with any dimension of conflict management style of university students. It indicates that university students are often using cognitive reappraisal facet of emotional regulation than expressive suppressive suppression. In general students’ emotional regulation and conflict management styles are significantly correlates at the level of 0.05. Hence, the hypothesis is accepted. CONCLUSSION Table-1 shows university students’ emotional regulations do not significantly differ in their basis of stream of study. Table-2 shows university students’ emotional regulation differences on the basis of year of study. First and final year students are significantly differ in their cognitive reappraisal facet than expressive suppression facet, and table-2.1 shows the difference about students’ conflict management style on the basis of year of study. It shows students from first and final year do not differs in their conflict management style. In addition table-3 shows the students’ differences on the basis of type of family in their emotional regulation.Table-4 shows university students’ emotional regulation strategies partially correlated with collaborating style of conflict management style. From the discussion we conclude that, students from nuclear and joint families are partially differing in their emotional regulation. In general, over all fin dings shows university students’ emotional regulation are partially correlated with conflict management style, and the study conclude that university students’ emotional regulation positively correlated with conflict management style. REFERENCES Chan, J. C., Sit, E. N., and Lau, W. M. (2014). Conflict management styles, emotional intelligence and implicit theories of personality of nursing students: a cross-sectional study.Nurse education today,34(6), 934-939. joo Kim, E., Yamaguchi, A., Kim, M. S., and Miyahara, A. (2015). Effects of taking conflict personally on conflict management styles across cultures. Personality and Individual Differences,72, 143-149. Hassan, S., Aqeel, M., and Hussain, W. (2015). The relationship between conflict management and social support among university students. Yu, T., Chen, G. M. (2008). Intercultural sensitivity and conflict management styles in cross-cultural organizational situations. Ulcimen Yurtsever (2008). Negotiators profit predicate by cognitive reappraisal, suppression of emotions, misrepresentation of information, and tolerance of ambiguity. Perceptual and Motor Skills: Vol 106, Issue, pp. 590-608. Scott, J. P., DiLillo, D., and Watkins, L. (2015). Negative urgency and emotion regulation strategy use: associations with displaced aggression.Aggressive behavior. March2015. Yigit, A., Ozpolat, A. R., and Kandemir, M. (2014). Emotion regulation strategies as a predictor of life satisfaction in university students.Journal of Psychology,2014. Vol.5. (2014). Monteiro, N. M., Balogun, S. K., and Oratile, K. N. (2014). Managing stress: the influence of gender, age and emotion regulation on coping among university students in Botswana.International journal of adolescence and youth, Vol19(2), 2014. NÃ ¤ykki, P., Jarvela, S., Kirschner, P. A., and Jarvenoja, H. (2014). Socio-emotional conflicts in collaborative learning a process-oriented case study in a higher education context.International Journal of Educational Research,68, 1-14. Vol 68, Pages 1–14, 2014. Xu, J., Du, J., and Fan, X. (2013). Individual and group-level factors for students emotion management in online collaborative group work.The internet and higher education, vol19, pages 1-9.

Dells Successful Use of the Internet as a Selling Channel Essay

Dell's Successful Use of the Internet as a Selling Channel Dell are currently the worlds number one PC supplier, a position in the market they took from Compaq in April 2001. In short, the company’s success story is mainly down to their innovative direct business model, which pays particular attention to the selling process where Dell completely bypasses all intermediaries and/or middlemen. This is because Michael Dell believed they add little if no value to the end product, instead just gaining a considerable mark-up for selling the product. Hence, they became the first PC manufacturer to completely cut out retailers and instead sold customised computers directly to customers based on their exact specifications. This selling process began over the telephone and via catalogues but in 1996 Dell embarked on Internet based selling on their official website, Dell.com, providing customers the opportunity to buy desktops, notebooks and servers directly from them. In order to power online commerce successfully for any business, the basic technology required is the installation of servers and data-storage systems. The website Dell.com runs on industry standard Dell PowerEdge servers. These powerful servers are backed up by Dell/EMC Fibre Channel storage. Dell is therefore equipped with backup strategies in case any problems with the servers or software occur and are experienced. This is crucial, as users may begin to view this distribution channel as unreliable if breakdowns are recurrent and could detract them from not only buying from Dell.com but from anything from the company. According to company internal metrics, Dell.com is one of the most responsive web sites on the Internet, with an average download time of 1 second for a page. That briefly explains the technology used to power the website however customers can access it simply via an Internet browser, the most popular being Microsoft Internet Explorer and Netscape Explorer. Dell’s direct business model (can be seen on the page three) may be simple in theory however it is very complicated executing it in reality. Building PC’s to order means that they must have the parts and components on hand to build a wide range of possible specifications over a short period of time (to ensure minimum time between order and manufacture). To complete these orders quickly, Dell must have first-rate manufacturing and ... ...ffective they are. As mentioned, customer service has also improved from an already high standard even further. Dell has created many services online that enables the customer to see the whole purchasing process clearly once they have made an order. It gives the customer the ability to track the progress of their order as it is produced and delivered, providing them with constant feedback of delivery dates and product information. This 24-hour customer service and fast response time helps Dell build a strong relationship with customers. References ---------- The key references handed in earlier referred to the two links below: - http://www1.euro.dell.com/content/topics/global.aspx/corp/home?c= uk&l=en&s=corp - http://www1.us.dell.com/content/topics/global.aspx/corp/pressoffice/ en/2003/2003_10_20_rr_002?c=us&l=en&s=corp Further websites were found with useful detail on Dell’s direct selling model: - http://www.internetretailer.com/article.asp?id=6717 - http://www.microsoft.com/resources/casestudies/casestudy.asp?CaseStudy ID=14674 - http://www1.us.dell.com/content/topics/global.aspx/policy/en/policy? c=us&l=en&s=gen&~ck=lf&~section=006

A Study on the Demographic Factors Influencing the Adoption of E-Banking in India Essay

E – Banking has become a rising concern for academics. It is the innovation of e- banking that has resulted in cost and time reduction for the employees and consumers for the completion of their banking transactions. Banks have now devised more internet based solutions. The research has a wide scope as it focuses on the factors that influence the acceptance of the software offered by banks. Overview In the recent years information technology has fundamentally changed the banking industry worldwide. The innovation of internet banking has changed the way banking is being done and has offered the banks with a lot of challenges and opportunities. Banking industry faces a critical challenge in the adoption of online banking as the knowledge is very limited in India and there is an essential need to study that. The slow adoption of e- banking in India can also be because of poor education, economies, infrastructure and trust also plays an important role. This research will help in understanding the factors that affect the adoption of internet banking such as social, demographic and customer attitudes and perception which will enable banks to find out solutions to attract the customers through the e- banking services and hence gain a high market share in the banking industry. The motivation for this research arose because there has been a rapid development of e- banking in India but the concern is that whether customers demand for these services based on their income, education, internet usage and levels of customer ownership and acceptance. There has been an increase in the number of internet users but a very small fraction of those do their banking transactions online because of lack of trust and several other factors. This study will explore e- banking facilities through the consumer’s eyes and seek to understand the attitude and behavior of consumers towards e-banking which will help the banks to formulate campaigns to encourage the adoption of e-banking. Research Question This research will examine the factors playing an important role in the adoption of e- banking by the people in India. This report will give a recommendation on the improvement of the banks future course of action for the increasing use of e- banking. The final report will benefit the bank in improving the accessibility of the service to improve the adoption of e- banking which will form the basis of the research. The research includes the following questions: 1. What are the drivers for the adoption of e- banking in India? 2. What is the influence and role of age on the adoption of e- banking? 3. What is the influence of education and its role on adoption of e- banking? 4. What is the influence of income and its role on adoption of e- banking? 5. What is influence of trust or social influence or social status in accepting internet banking? 6. What are the steps recommended that should be undertaken by banks to improve the adoption among customers? Aim The main aim of the research is to point out on the barriers and benefits of adopting e-banking services in India and enriching the understanding and knowledge of factors influencing the adoption of e- banking services. Objectives 1. To examine the role of income, age, education, social status and their impacts on adoption of e- banking in India. 2. To understand other factors responsible for the acceptance of e – banking. 3. To understand the importance of e- banking in the improvement of banking facilities provided to the customers. 4. To understand the risks faced from e – banking  5. To describe the demographic difference between the users of e-banking and the nonusers, this will help understand the behavioral strategies of the customers. 6. Develop recommendations for banks on improving the accessibility and security for the customers. 7. To analyze the factors that discourages the customers from using e- banking services. Literature Review The research is based on theory testing. A number of factors have been identified that are responsible for the hampering or proliferation of adoption of technology among general public (Kumbhar, 2011). Recently, internet has been found as the prime channel for devising banking solutions for general public (Kumbhar, 2011, Tan et al., 2009). This popularity of internet has made the global and local competition very fierce (Gan.C, Mike.C, Limsombunchai.V.et.al 2006). The behavior or intentions of people have been considered as the main determinant in successful adoption of internet and technology (Fishbein and Ajzen, 1975). Researcher in the past have paid attention to the factors such as convenience, trialability, compatibility and relative advantage for the adoption of new technology, with almost less attention towards the demographic factors and their influence (Or et al., 2011, Rogers,1995). There are very few who have identified factors of age, income and education level and gender on the acceptance of the banking technologies (Al-Gahtani and King, 1999, Al-Somali et al., 2008). Moreover, age, accessibility of internet, education and the awareness of electronic banking and resistance of users were of paramount importance (Sohail and Shanmugham, 2004). Others have identified age, marital status, ethical background, qualification, income and residence area as the drivers (Gan et al., 2006). The disparities among the adoption of male and female users were deemed to be varying according to studies (Sharman and Kirsty, 2006). Many of the researchers have based their findings on the empirical evidence that acceptance of electronic banking is more in cases with higher level of education and higher level financial status in consumers or general public (Kolodinsky et al., 2000). Individual attitudes that consumers have and their beliefs are of more importance that factors of demographics for the adoption of new technology (Kolodinsky et al., 2000). Other factors such as privacy, security and convenience were found to be more prevalent among female users than males (Shergill and Li, 2005). Context The banking industry has revolutionized with the advances in information technology and the emergence of electronic banking. Increase in the competition and globalization has resulted in the change of the banking and the financial services. There is a rapid change in the demand of these financial services and the consumer’s behavior towards these services. It has become necessary to adopt new strategies with the change of traditional banking to electronic banking. Studies show that the awareness of new technologies and software in India is less which is the biggest obstacle. Though the e- banking system has reached globally there is huge gap in the adoption of these services between the developed countries and the developing countries. (licker and Motts, 2004). The problem in India is that the customers have not transferred their attitude towards using bank operations over the internet they believe in the old traditional way of banking. Some customers do not know how to use a computer others do not like the technology. There is lack of proper infrastructure and the internet connections are broken and slow in some places. Customers are not very confident using ATM machines. They are afraid of making purchases over the internet as they think that any small error will result in loosing money. Many people find the internet connections costs expensive. Despite of having such easy and better internet banking services the customers do not use it therefore the customer’s acceptance of e- banking need to be understood and the factors affecting the intention of their use of e – banking. The issue is critical as the answer to it will help in promoting a new form of e – banking system in future.

Epidendrosaurus - Facts and Figures

Epidendrosaurus - Facts and Figures Name: Epidendrosaurus (Greek for lizard in the tree); pronounced EP-ih-DEN-dro-SORE-us Habitat: Woodlands of Asia Historical Period: Late Jurassic (150 million years ago) Size and Weight: About 6 inches long and a few ounces Diet: Probably omnivorous Distinguishing Characteristics: Tiny size; long arms with clawed hands About Epidendrosaurus Archaeopteryx gets all the headlines, but theres a convincing case to be made that Epidendrosaurus was the first reptile to be closer to a bird than to a dinosaur. This pint-sized theropod was less than half the size of its more famous cousin, and its a sure bet that it was covered with feathers. Most notably, Epidendrosaurus appears to have been adapted to an arboreal (tree-dwelling) lifestyleits small size would have made it a simple matter to hop from branch to branch, and its long, curved claws were likely used to pry insects from tree bark. So was the late Jurassic Epidendrosaurus really a bird rather than a dinosaur? As with all of the feathered dino-birds, as these reptiles are called, its impossible to say. Its better to think of the categories of bird and dinosaur as lying along a continuum, with some genera closer to either extreme and some smack in the middle. (By the way, some paleontologists believe that Epidendrosaurus should actually be subsumed under another dino-bird genus, Scansoriopteryx.)

Northern Rock Bank

Northern Rock Bank Introduction Northern Rock is a bank operating under the umbrella of Virgin Money in the United Kingdom. It was established in 1965 and 30 years down the line, it had acquired approximately 53 building societies in England.Advertising We will write a custom case study sample on Northern Rock Bank specifically for you for only $16.05 $11/page Learn More Over the years this bank was being considered as one of the top lenders in the UK, especially in relation to mortgages. Prior to 2007, Northern rock had an investment plan which was to result in securitization. This according to Milne Wood involved â€Å"borrowing heavily in the UK and international money markets, extending mortgages to customers based on this funding and then re-selling these mortgages on international capital markets† (518). This, however, failed in 2007, when, owing to the global financial crisis, the demand for credit facilities from investors went down and Northern Rock was unable to pay back the credit it had obtained from the money markets. Lender of last resort This is a facility that allows banks to survive a financial crisis. It is mostly offered by the central bank. When Northern Rock was faced with the liquidity crisis in 2007, it looked up to the Bank of England for emergency support but this was not possible since it could not provide the facility. Many scholars, including Vesala (2006), Herring (2007), and Shin (2009) blame the situation in Northern Rock to the inability of the Bank of England to act promptly indicating that had it performed its role as a lender of last resort, the bank run would have been avoided. In fact, Shin indicates that â€Å"in its role as a lender of last resort, the Bank of England had been able to exert significant moral suasion over the banking sector, and the discount office was able to obtain information from banks on a purely informal basis† (2009,p.103).Advertising Looking for case study on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Other scholars believe that the Bank of England failed to act because Northern Bank had not provided it with sufficient information concerning its discount facilities. They also argue that the management of Northern Rock failed to heed to liquidity warnings and this acted as a hindrance when they needed assistance. These claims are, however, refuted by Freixas et al (2009). He asserts that a central bank is expected to perform its role irrespective of the actions of the other party (151). He states that â€Å"even when the central bank does not have the formal statutory responsibility for banking supervision, it can still obtain the information it needs to act as lender of last resort† (2009,p.152). Kane (2008) believes that the Northern rock issues exposed the faults in the government with regard to dealing with financial crisis. These faults include â€Å"the workings of e mergency liquidity assistance, some others the workings of deposit insurance and some others the insolvency and pre-insolvency arrangements† (2008, p.50). All these boil down to the functions of the Central bank as a lender of last resort. Financial crises in banks are one of the greatest challenges in most economies, since failure of banks spells out a failure in the entire economy. Liquidity lending is therefore considered to be an important factor since it is usually the solution to most banks going through a crisis. Some of the instruments available to governments dealing with financial crises include â€Å"the central bank’s role as a lender of last resort, deposit insurance schemes, government’s policies to shield depositors’ insolvency laws, among other preventive measures† (FSA internal Audit division, 2008, p. 39). Despite all the other actions, the lender of last resort factor is the most effective since it provides the banks with the cred it facilities to continue with their operations promptly. Prior to the crisis, Northern Rock was a successful institution though not influential to the point of thinking its failure would affect the economy in any way. This issue however attracted the attention of many financial analysts since it brought out the weaknesses of the Bank of England in dealing with crises faced by the banks.Advertising We will write a custom case study sample on Northern Rock Bank specifically for you for only $16.05 $11/page Learn More Due to this exposure, the government made a commitment to offer the required liquidity, and this worked since the bank run in Northern Rock stopped instantly. House of Commons (2008) therefore made a conclusion from this issue that the run would have been avoided all together, if all parties had been playing their roles effectively. This can, however, not be blamed on the Bank of England since it had not dealt with such an issue in the recent pa st. The activities in relation to acting as a lender of last resort were rarely carried out, hence the policies were outdated. This explains why the situation caught all relevant bodies including Northern Rock itself by surprise (House of Commons, 2008, p. 23). Northern rock and the FSA In the view of financial analysts, the crisis that hit Northern Rock in 2007 was predictable and some even argue that the crisis was not related to the activities of Northern bank per se. It is believed that the Financial Services Authority (FSA) played a major role in this. An article by Bank of England (2007) made an observation that FSA had given Northern Rock warnings concerning â€Å"the evolving trends in the market which included; sharp asset growth, systemic underpricing of risk, and the risk shifting characteristics of new financial instruments which would not be as water tight as they appeared to be† (2007,p. 2). FSA also indicated that the strategies being used by Northern Rock were unstable since they were depending on large scale market funding; hence, placing the institution in a risky liquidity position. Besides this, FSA had also made an observation in the government’s regulatory system which it claims had a number of loopholes that exposed the financial institutions to issues similar to those of Northern Rock. These, according to FSA (2008) included â€Å"a fundamental flaw in the depository protection scheme, lack of established special bankruptcy regime for banks, lack of predictable resolution regime for handling troubled banks and the existence of an institutional structure of financial supervision that separated responsibility for systemic stability and lender of last resort from prudential supervision of individual banks† (FSA, 2008, p. 33).Advertising Looking for case study on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Owing to the financial stability that had been witnessed in the region over the years, these observations seemed not to be having any ground, until the real risk was witnessed in Northern Rock, and this acted as a wakeup call to FSA. At the beginning of 2007, FSA considered Northern Rock as one of the best performing financial institutions in the UK. What it failed to realize at that time were the mortgage risks that it was exposed to owing to the fact that the institution dealt mostly with international investors. This risk was brought about by the financial crisis that was being witnessed all over the world during that period. Observations made later on indicated that â€Å"by mid-September, it had become apparent to Northern Rock that longer term funding markets were closed to it. Rollovers were largely continuing but at shorter and shorter maturities and Northern Rock lacked the option to draw on sufficient prearranged contingency liquidity lines of credit and did not benefit f rom a third party injection of capital† (FSA, 2008,p. 34). Due to this, FSA made an endorsement indicating that the Bank of England was deemed to provide liquidity facilities to all the banks that needed this kind of support in the UK, including Northern Rock. This crisis mainly focused on three institutions, the Bank of England, the treasury and FSA, owing to their joint responsibility of ensuring stability in the financial sector. FSA is blamed for permitting Northern Rock to raise its dividends irrespective of the already messed up financial position. An article by FSA Internal Audit Division (2008) supports these allegations by indicating that, â€Å"in in their own internal audits of the experience and compilation of the lessons learned from the Northern Rock failure contained a broad list of problems within FSA which included lack of rigor in the analyses conducted and failure to devote insufficient resources to monitoring what are regarded as high impact situationsâ₠¬  (Audit Division, 2008, p. 42). This report indicates that the major issues that led to this failure included organizational shortfalls, lack of sufficient skills in the supervisors, and poor methods of supervision, especially in large institutions operating at international levels. From the discussion, it is clear that FSA was in a position to save Northern Rock from the downfall, had it acted on the early signs. In fact, financial researchers such as Milne Wood (2008), Shin (2009) and Herring (2007) indicated that FSA devoted little time to the process of checking the level of stress tolerance in Northern Rock, hence ignoring many factors that eventually worked against the institution. Shin (2009) specifically points out that â€Å"insufficient attention was given to the banks challenging governance programs and risk mitigation processes† (2009, p.110). Herring (2007) concurrently indicates that â€Å"FSA not only ignored numerous early warning signs of troubles with N orthern Rock, but also ignored a breach of required minimum capital standards early in 2007† (p.10). Besides these, it was also noted that the bank failed to inform its stakeholders of this failure, and FSA was aware of this, but failed to take action. From this, a conclusion can be drawn that despite the fact that Northern Rock was responsible for its own peril, FSA also played a major role of not intervening where it would have been and also assuming the warning signs that were so loud and clear. Failure of prudential supervision In any financial setup, there are four aspects that need to be considered to come up with a stable financial system. The Bank of England (2007) indicates that â€Å"the first aspect is prudential regulation of financial firms, second is systemic stability, third is the lender of last resort role and finally the conduct of business regulation and supervision† (Bank of England,2007,p. 6). The issue in question especially in relation to the Nort hern Rock problem is the institution responsible for prudential supervision, whether it is the bank of Europe, the treasury or FSA. Irrespective of the institution responsible, this type of supervision is mandatory in financial institutions, failure to which results in cases such as what was experienced in Northern Rock (Freixas et al, 2007, p. 12). This conflict on the question of supervision mandate led the government to redefine the roles of the institutions in the financial sector. As a result of this, it was realized that supervision lies with FSA. The crisis in 2007 created the need to develop an official set of organizations and practices for assisting in the recovery of failing banks. This led to the officiating of a memorandum of understanding between the three bodies, that is, treasury, FSA and the Bank of Europe. A report by FSA internal audit division (2008) indicated that there were five basic standards that came with this agreement and these were â€Å"the existence o f a clear division of responsibilities, appropriate accountability arrangements, the avoidance of duplication of responsibilities, exchange of relevant information and mechanisms for crisis management† (2008,p.50). The causes behind the problem of Northern rock are interrelated to the extent that it is difficult to tell exactly what the main cause of this issue was. However, it was realized that prudential supervision of the banking institution was being conducted in a poor way and this is therefore deemed to be the greatest contributor to the whole problem. According to the Bank of England (2007) â€Å"this institution had been a pioneer in risk based supervision; focusing attention where it is most important† (2007, p. 8). This credit was however withdrawn after the Northern Rock crisis which revealed the poor laid supervision strategies. Many financial analysts believe that FSA was in a position to foresee this situation, long before it occurred. From this, it is evi dent that the Northern Rock crisis depicted a high level of failure in the prudential supervision of banking institutions. These failures according to FSA (2008) include â€Å"reliance upon seriously deficient accounting and capital adequacy standards; failure to monitor institutions in a timely, effective, and on-going fashion; failure to intervene appropriately when problems were identified; and promoting the welfare of the regulated institutions and the regulatory agency rather than the insurance fund or the taxpayer† (FSA, 2008, p.43). In fact, hearings in the House of Commons – a committee responsible for establishing the cause of the problems surrounding Northern Rock, indicated that FSA failed to perform effectively. House of Commons alleged that this was by way of â€Å"failing to monitor the institution and allowing Northern Rock to increase its dividends despite its troubled financial position† (2008, p.23). The supervisory evaluations of Northern Rock conducted by FSA did not put much emphasis on liquidity issues. Conclusion From the above discussion of the issues surrounding the Northern Rock problems, it is evident that these problems could have been avoided if all the parties concerned, that is, Northern Rock bank itself, the Bank of Europe and FSA were responsible for the actions that were taken before 2007. Northern Bank was responsible for the crisis in the sense that it did not perform a long term analysis of its actions. In its operations, it failed to consider the possibility of liquidity risks in the financial market. Bank of Europe was responsible in the sense that it did not act promptly as a lender of last resort in providing the credit requested by Northern Bank when it started experiencing the liquidity challenges. References Bank of England 2007, Financial Stability Report. Web. Freixas, X, Giannini, C, Hoggarth, G Soussa, F 2009, ‘Lender of last  Resort: a review of the literature’, Financial Sta bility Review, Vol. 7, pp. 151–167. FSA (2008) ‘The supervision of Northern Rock: a lessons learned review’, Internal Audit, pp. 32 43 FSA Internal Audit Division 2008, ‘The Supervision of Northern Rock’ A Lessons Learned Review, pp. 37 56 Herring, R 2007, ‘Resolution Strategies: Challenges Posed by Systemically Important Banks’, lecture at Regional Seminar on Financial Crisis Management, pp. 5 16 House of Commons 2008, ‘The run on the Rock’, Treasury Committee, Vol. 1, pp. 23 Kane, E 2008, ‘Regulation and supervision: an ethical perspective’, Principles v Rules in Financial Regulation, Vol. 2 no. 5, pp. 48 56 Milne, A Wood, G 2008, ‘Banking Crisis Solutions: Old and New’, Review (Federal Reserve Bank of St Louis), Vol. 1 no. 2, pp. 517–530. Shin, H 2009 ‘Reflections on Northern Rock: The Bank Run that Heralded the Global Financial Crisis’, Journal of Economic Perspectives, Vol. 23, No. 1, pp. 101–119 Vesala, J 2006, ‘Which Model for Prudential Supervision in the EU’ Monetary Policy and Financial Market Stability, Vol. 10, No. 1, pp.99-105.

Shifting the Social Balance Essay Example | Topics and Well Written Essays - 1000 words - 1

Shifting the Social Balance - Essay Example This shift represents a major step in the development of civilization because it focuses on hard evidence, observable fact, and verifiable conclusions. Science opened up the possibility of questioning long-held beliefs and examining them for truth while the Enlightenment made it possible to hold these debates in public, even refuting concepts that proved inaccurate. Revolutionary tools and ideas illustrate how the Scientific Revolution influenced society while the Enlightenment firmly established science and reason as the only logical standard on which to base worldly human thought. Copernicus, somewhat by accident, touched off the Scientific Revolution in the early 16th century when he wrote to Pope Paul III for support in his recent astrological findings. Using solid math, appropriate research and direct observation, Copernicus concluded that the Earth revolved around the sun rather than, as the Church would have people believe, the Sun revolving around the Earth (Copernicus 1543 c ited in Levick, 2004: 524). His evidence was meticulously outlined and his conclusions were sound, but his ideas were introduced to a mostly unreceptive public who still preferred to believe they were central to God's creation. Galileo, introducing some of these same ideas, would gain greater exposure for the idea thanks to the recent invention of the telescope. This made it possible for other people to go and observe with their own eyes the rotations both Galileo and Copernicus had outlined - helped a bit with Galileo's high-class 'star-gazing' parties (Kaku, 2008). Through a simple telescope such as those used by Galileo and his friends, it is possible to see the craters of the moon and the orbits of some of the moons of Jupiter. These observations, combined with sound mathematic principles, made it possible for Galileo, and Copernicus, to prove reality. â€Å"All reasonings about mechanics have their foundations in geometry, in which I do not see that largeness and smallness mak e large circles †¦ subject to properties different from those of small ones† (Levick, 2004: 322).

The Impact of Automakers Demands on the Steel Industry Assignment

The Impact of Automakers Demands on the Steel Industry - Assignment Example Ford’s River Rouge factory’s partnership with steel mill has gone for a long time with the partnership leading to the construction of highly popular vehicles in America, ranging from the Model A to F-150 pickup truck. However, in 2014, Ford announced its switch to the use of Aluminum in the construction of its F-150 trucks. This is not just a concern to Steel mill but all steelmakers within the US as most of the car makers have turned their attention towards the use of aluminum in the construction of cars. Being the second vital source of revenue for steelmakers, only after the construction industry, the automakers constitute about 20 percent steel sales for the steel makers within the US on an annual basis. As such, a shift towards aluminum as a replacement of steel would have a great impact on the revenue of the steel industry. The automakers are pushed towards adopting the lighter steel as a major component of their cars as a result of the push by both the administra tion and the consumers to develop fuel-efficient vehicles. The steel industry has effectively and rapidly responded to this shift in consumer demands by developing lighter, high-strength steel that would meet the needs of the consumers. For Steel Mill, this has led to the adoption of the lighter steel by Ford in building the frame of its F-150 trucks. This type of steel is sold at a lower price than the initial steel, which has reduced the cost for the consumers while at the same time increasing the sales for the steel-makers. Other companies within the steel industry have also been forced to merge with other companies that have proficiency in the development of lighter steel, as a strategic move aimed at holding onto their consumers.