Friday, February 28, 2020
END OF BUSINESS CYCLE - Essay Example Most economist believe that the country was in a recession as the country had posted two quarters of negative growth and was not anywhere close to the 2.5% or 3% growth it had achieved in the previous year 2000. The year 2007 ended with a 0.6% GDP as compared to 4.9% in the 3rd quarter. 2008 started with the 0.9% at the end of the 1st quarter. The last two quarters show no negative growth so technically the economy is not in a recession. The above table shows a slight increase in the GDP rate for the 1st quarter of 2008 as compared to the fourth in 2007. The marginal uptrend is the result of Government expenditure; exports and the positive trend in personal consumption expenditure .The last two quarters are a classic example when the economy is underutilizing its labor and capital. The economy is slowly shrinking away from its potential and this can lead to a recession. The Personal consumption expenditure though not negative has clearly failed to grow in the 1st quarter leading to inventory accumulation. This will force businesses to cut back on production in an effort to reduce inventories. Unemployment rises as workers are laid off and incomes reduce. This further brings down consumption spending, investment spending on machinery, and plant. Businesses adopt a pessimistic approach worried about future sales and demand.3 The above figures can be achieved only if more disposal income is available to the common person, which will in turn increase spending, and demand for goods and services. The forecast also rings bells of the steep rise required in the GDP during the forthcoming quarters of the year. 2. Pick two factors cited in the Economist article that you think will have the most impact on future business cycles Explain why they are important and whether you think they will contribute to more severe or less severe business cycles? We can divide the above-mentioned factors into two major categories Management factors
Wednesday, February 12, 2020
The Bill of Rights - Research Paper Example Origins of Bill of Rights Delegates from thirteen new American states drafted the Constitution in 1787 (U.S. Department of State). It provided the Ã¢â¬Å"blueprintÃ¢â¬ on the structure and functions of the government, but lacked a specific outline of human rights (Department of State). Virginia delegate George Mason stressed in one of his writings: Ã¢â¬Å"The Eyes of the United States are turned upon this Assembly and their Expectations raised to a very anxious DegreeÃ¢â¬ (U.S. National Archives and Records Administration [NARA]). Mason wrote the Virginia Declaration of Rights that inspired Thomas Jefferson in preparing the Declaration of Independence. Mason left the convention very dissatisfied, because it lacked a declaration of rights (NARA). Soon, George Mason's opinions affected the assembly and a heated discussion on the Bill of Rights began. When James Madison first wrote the amendments to the Constitution, which constituted the Bill of Rights, he depended a great deal o n the Virginia Declaration of Rights. The Bill of Rights represents the authoritative statement of many American of values: Ã¢â¬Å"the idea that the individual is prior to and takes precedence over any governmentÃ¢â¬ (NARA; Zinn).
Peter Paul Rubens (Flemish, 1577-1640) - Research Paper Example He is declared as the most eminent Flemish painter and artist who ever existed. His contributions are not only identifiable in his paintings and artworks, but also in the works of his students, whom he gave refined training on artwork and painting. Although he learnt artwork under several reputable painters of the time, his artwork represented a refined brand, paving a new era in the European artistic field. His innovation in artwork made Antwerp the most popular destination of painting in the 17th century. He is notably credited with pioneering the Flemish Baroque style of painting (Rubens, Gilles and Chris, 7). This style involved use of exaggerated motion and color to depict movement in paintings and artwork, which easily produced the themes of drama, dance and music. His talents made him have more work than time could allow, making him amass immense wealth during his 30 years which he was involved in painting and artwork. However, the most interesting aspect of Peter Paul Rubens is that his talent grew with time and his expertise, refinement and abilities improved with time. Therefore, he maintained consistency in providing quality paintings, until he met his death in 1640. His accomplishments are notable to present day in different museums of Europe. His uniqueness is identifiable in the fact that; while most of the painters of his time specialized on one kind of painting, Peter Paul Rubens engaged in different types of paintings, all of which he perfected and generated quality works (Rubens, Gilles and Chris, 13). History painting is one of his styles, which involved the creation of biblical, historical and mythological objects. To portray the historical theme, he created paintings such as monumental historical scenes and biblical story painting representations, which resonated well with his movement and color themes that advanced visualization and movement. Religious paintings also formed a bulk of his artwork. He is credited with advancing the development of altarpiece paintings, which were religious paintings portraying a biblical theme that were placed in a flame and suspended behind the altar to pass a religious message (Logan, Peter and Michiel, 23). In creating his religious paintings, Peter Paul Rubens used the panel pai nting technique, which entails the incorporation of different painting themes in a panel that was subdivided several times, with each section of the panel possessing a different painting, but all advancing the same theme or telling the same story (Pauw-De Veen, 243). His altarpieces were either painted in front of the altar, where the priest could stand behind, or painted on a panel that was then suspended in front of the altar. Among the most popular of his religious paintings include the Descent from the Cross triptych, which was painted in the in Antwerp, Cathedral of the Lady (Pauw-De Veen, 248). Peter Paul Rubens is also an advent of the Counter-Reformation painting, which highly changed the paintings that were previously done during the renaissance and the thirteenth century (Rubens, Gilles and Chris, 18). This refers to the artwork that sought to turn back the religious paintings into more religious oriented, as opposed to the decoration oriented themes that were being advanc ed during the period. During this period, the Catholic Church perceived the Protestants as a major threat to its doctrines of faith. Therefore, they sought to enhance their religious theme through the application of artwork and paintings that reflected more religious themes. Thus, Rubens, being the most eminent painter of his time, was hired to revolutionize the renaissance painting into the counter-reformation artwork and paint
Saturday, February 1, 2020
Project Management - Essay Example The provided analysis critically assesses the most important issues of the project especially in the planning and development phase and the way they should be approached and dealt. The general recommendations include: 1. Developing a detailed project documentation especially in the areas of the specification and the expected quality for the product deliverables; 2. Developing detailed risk mitigation strategies especially for mitigating the inherent risks; and 3. Developing a specific communication and reporting procedures which will ease the coordination of the activities and will favour fast reaction in risky situations; Table of Contents Project Background 3 Project Concept and Strategy 4 Project Scope 5 Project team and structure 7 Project management plan 8 Project schedule 10 Project budget 13 Project control and monitoring 13 Outline project risk register 15 Conclusion and Recommendations 16 References and Bibliography 17 List of Tables Table 1 Training Themes Table 2.Project C ost Table 3. Project Responsibility Matrix Table 4. Risk Register Outline List of Figures Figure 1. Project life Cycle Figure 2.Work Breakdown Structure Figure 3. Project Organisation Figure 4. Gantt Chart Project Background Big Ideas Ltd plans to organize a one day training event in project management, with a specific focus on the MS Project use and the Critical Path Analysis (CPA) as a planning technique. Big Idea has no project management experience in managing events of such caliber which is why several companies with expertise in project management have been approached for providing an offer and a solution of how the event should be managed. The Project management Ltd (PML) offer is provided in the following sections. Project Concept and Strategy PMBOK and PRINCE2 are standard project methodologies used by many PM practitioners across the world. The both methodologies recommend that the projects begin with a project initiation phase in which a clear identification of customer, in this case the ownerÃ¢â¬â¢s requirements is made (PMI 2008, OGS 2005). In the case of Big IdeaÃ¢â¬â¢s project, PM practitioners as Field and Keller (2007:8-15) and Gardiner (2005) and in line with the PM standards, recommend preparing a Feasibility study or a Business Case in the terminology used in Prince2 PM approach (OGC 2005). The Business Case is a standard tool in project management which aims at investigating the financial, technical and managerial implications of the identified solution for accomplishing clientÃ¢â¬â¢s requirements. The Business Case enables the Management team to make a decision on the future development of the project , its objectives and scope (Field and Keller 2007: 25-40). The outputs of the project initiation phase are: (1) an Appointed Project Manager and a (2) Project Initiation Document (PID). In the process of the initial project development and the definition of the project objectives, the project practitioners as Turner (2009) and Kerzner (2009) recommend an identification of two set of factors for measuring the project success. The first set is made out of the success criteria, or the dependent variables by which the successful outcome of the project will be assessed: time, cost and quality. The second set are the success factors or the independent variables which will influence the successful achievement of the success c
Friday, January 31, 2020
Adoption of Biometric System to Control ATM fraud - Essay Example Looking forward to hearing from you and partner with you in providing business solutions that give value to your customers. Yours faithfully, Head of Business Security Systems Practical proposal about ATM fraud Introduction Fraud attempts targeting Automated Teller Machines (ATMs) cards are on the rise. Skimming is one of the techniques used by criminals in this case where they scan or copy personal information from the magnetic strip of a credit card or ATM card. With this information, all the fraudsters need is fake ATMs and use the Personal Identification Number (PIN) to access oneÃ¢â¬â¢s bank account and defraud customers. This has gone to the extent of bank-owned ATMs with the recent percentage of this criminal activity going as high as 24% in Europe (Abagnale 89). The act is often perpetrated by techno-savvy individuals, where they use a microchip fixed at an ATM or cardholders which copies information from the magnetic strip for all the cards that are being used on a given m achine. The information is then copied and printed on fake cards. This has led countries like Canada to adopt more protection for their ATM cards. A typical example is the use of chip-and-PIN debit cards which have more protection in the form of an extra layer of chip material. Cards developed through this technology are hard to replicate thus reduced losses as a result of card skimming (Bianchini et al., 233). Business transactions world over are increasingly being settled using cards as opposed to cash-based settlements and therefore, without embracing innovative technologies that aim to prevent fraud than detection, card issuers and users will remain vulnerable. As use of cards increases, so are ATM Fraudsters. Most card issuers mainly banks continue to incur huge costs in terms compensations, card replacement, and cost of investing in fraud prevention and detection mechanism. Therefore, there is a need for card issuers to be ahead of the game by innovating and adopting far near fraud-proof technologies (Newman, 3-4). Proposed Solution Since the chip-and-PIN is not foolproof, we need to employ the use of more sophisticated technologies. One such technology that has stood the test of time is the biometric technology, which involves automated identification and data capture (AIDC). The system has automated methods of verifying the identity of persons using physiological attributes as opposed to the chip and PIN, which involves manual keying in of information on a keyboard. Normally, the technology works by capturing the physiological or behavioral characteristics for the first time which is then stored in a central database. Information recorded may include facial properties or fingerprints. Every time a customer accesses a point of services, installed devices captures, verifies and identifies the person and then gives them access. Since it is almost impossible to impersonate oneÃ¢â¬â¢s physiological attributes, this technology is more recommended to card i ssuers. The technology has been tested in both private and public institutions with remarkable success. In fact, most organizations are now moving towards adoption of this technology.Ã
Thursday, January 23, 2020
Today there are strong debates and questions about the extraordinary breakthroughs in science such as cloning, in communications through the Internet with its never ending pool of knowledge, and the increasing level of immersion in entertainment. People facing the 21st century are trying to determine whether these new realities of life will enhance it and bring life as they know it to a great unprecedented level, or if these new products will contribute and perhaps even cause the destruction of society and life. To many cloning, censoring, and total immersion entertainment are new, but to those who have read Brave New World by Aldous Huxley, the topics are reminiscent of the horror that is found in Huxley's fictional utopian world where the dehumanizing of man is achieved in the interests of "Community, Identity, Stability," the world state's motto. The novel Brave New World shows that in order for a utopian society to achieve a state of stability, a loss of individuality, and the undoing of Mother Nature must occur. Successfully engineering these conditions produces a world where people are finally living "happily ever after," but at a great cost. The time of Brave New World is in the future on the planet earth and it is, a pessimistic accounting of the shape a scientifically planned community would take, of its sterility and human emptiness. Ten controllers of the world states determine all aspects of society. Children are born in state hatcheries where according to what social class they will be, they are given or denied certain elements that are critical to proper development. The citizens are happy and content with their simple lives as it is shown in the novel when it is stated, "We don't want to change. Every change is a menace to stability," therein lies the problem. The key ingredient to stability that the novel implies is that individuality must be absent. The government in Brave New World understands that fact and in the worlds of one of the ten controllers of the world states, "[there is] no civilization without social stability. No social stability without individual stability." The need for stability creates a government which believes that stability can be achieved if people think and look the same. Stability, in effect, demands robots, not people. The main element of what makes a person human and unique are the emotions that inhabit their minds, which they can control to some degree.
Having friends is a natural occurrence in most lives. The majority of people do not think of going anywhere without their friends, especially teenagers. Where these ordinary teens find their acquaintances is in high school. It is where friends are made and hold a substantial role in the studentsÃ¢â¬â¢ lives. High school students choose their friends for various reasons, and some of their choices may result in positive and negative effects. One effect of friends in high school is general influence. For example, peer pressure is an unfortunate, but predominant result of having companions. Several teens look for acceptance in the eyes of their peers. Consequently, they will go to great lengths in order to win their favor, allowing those they desire to befriend to control their actions. Another n...