Discrimination lawsuit. Why jury decision making emotional damages Essay

Discrimination lawsuit Introduction Presenting evidence   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   In court proceedings, evidence is presented as either oral or written depending on the choice of the witness. In addition, the means of giving evidence may be determined by the court or the jury in charge under various considerations. Both oral and written evidence have the same purpose and can be used as the basis of court ruling (Edwards et al., 2011). In this situation where as a human resource I will be required to provide evidence of a discrimination lawsuit, the written method of evidence presentation will be the most appropriate to answer the questions from the Jury.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   The method of written presentation will allow adequate time to prepare and present my part of evidence and with adequate in formations. Since the presentation of evidence requires information detailing the truth about the matter and the organizations position on the case and the policy that were under consideration, the written evidence would help me to consult with other legal experts and answer questions accordingly. Oral evidence would prevent consultations that might result in inaccurate evidence that will be used to give unfair rulings.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Moreover, written evidence will save a lot of time that could have been used to present the oral presentation in the court. In addition, any inconveniences would such as absenteeism in work place and productivity of the firm will be avoided (Edwards et al., 2011). Hence, written evidence will ensure that the operations of the business are not affected in any way. Moreover, it will reduce the cost incurred during the lawsuit proceedings.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Finally, written evidence presents a proof that the information communicated is true and cannot be changes. This ensures that the evidence is not compromised since is always read and presented to court as the original copy of evidence. This is in contrast to oral presentation where evidence may be changed where one may be questioned more than once hence compromising the evidence, which may affect the reliability of the evidence. Jury decision making emotional damages   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   The Jury would rely on information from psychiatrists and medical experts who would evaluate the damages that the plaintiff suffered as a result of discriminations. This would involve psychological and mental problems that may have arose because of the discrimination (Edwards et al., 2011). Stress would be one of the conditions that may be evaluated and whether there were medical complications that resulted from the discriminatory acts. In addition, the information about the pain suffered because of discrimination would be evaluated on medical basis. These sufferings could then be compared with any financial implications suffered.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   In addition, information regarding how the working and the productivity of the plaintiff was affected could be used to determine the level of the effects of emotional damages and thus form the basis of monetary compensation. For example, if in any case the discrimination resulted in decreased productivity of the plaintiff, which reduced the financial income of the income would form the basis of monetary compensation decision. Moreover, it could be evaluated based on how the act affected his or her defendant day-to-day life.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Similar during the proceedings, the defence presents their argument on the amount of monetary compensation that should be awarded to the plaintiff (Edwards et al., 2011). Jury determine the compensatory amount that should be paid to the plaintiff depending on the information provided by the defence team. When the court uses this information as the basis of their compensatory decision, the court act in favour of the plaintiff and it may end up awarding huge sums of money, which may be unfair to the respondent.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Finally, the jury would use their freedom that is granted by the section of the law to determine the damage caused to the plaintiff and use the evidence presented to award monetary compensation. The decision could either be based on similar cases that were ruled in the past of depending on the reasoning of the bench. Reference Edwards, L., Edwards, J. S., & Wells, P. (2011). Tort Law. Cengage Learning. Source document

PHI 208 What Is Philosophy Essay

Many philosophers insist that our most strongly held beliefs should be examined and critically evaluated. Using the required text and outside sources, explain what philosophers mean when they say that beliefs need justification? If you are having trouble making friends on campus, get involved in a club or two. Find any organized activity that you are interested in, and you will automatically be spending time with other students who share at least one of your passions. It can be helpful to have friends who are fellow students but not your immediate classmates. This work PHI 208 What Is Philosophy includes composition on philosophy meaning Philosophy – General Philosophy Many philosophers insist that our most strongly held beliefs should be examined and critically evaluated. Using the required text and outside sources, explain what philosophers mean when they say that beliefs need justification? If you are having trouble making friends on campus, get involved in a club or two. Find any organized activity that you are interested in, and you will automatically be spending time with other students who share at least one of your passions. It can be helpful to have friends who are fellow students but not your immediate classmates. This work PHI 208 What Is Philosophy includes composition on philosophy meaning Philosophy – General Philosophy Many philosophers insist that our most strongly held beliefs should be examined and critically evaluated. Using the required text and outside sources, explain what philosophers mean when they say that beliefs need justification? If you are having trouble making friends on campus, get involved in a club or two. Find any organized activity that you are interested in, †¦ Search for more tutorials here – https://bitly. com/1wyS4ob If you are having trouble making friends on campus, get involved in a club or two. Find any organized activity that you are interested in, and you will automatically be spending time with other students who share at least one of your passions. It can be helpful to have friends who are fellow students but not your immediate classmates. Philosophy – General Philosophy Many philosophers insist that our most strongly held beliefs should be examined and critically evaluated. Using the required text and outside sources, explain what philosophers mean when they say that beliefs need justification? †¦

Tourism: England and Local Facilities

In today’s globalized world, people go on holidays every year. They often choose exotic places abroad to fulfill their excitement of traveling and visiting other countries. But should those countries encourage tourism? There are a few advantages and disadvantages on this issue. Firstly, the desire to attract tourists to a certain area often encourages governments to improve local facilities. This leads to the development of the country and, of course, is beneficial for both, citizens and tourists.On the other hand, over-development can lead to ugly, crowded tourist spots and environmental damage. Consequently, the development of the country must be controlled and planned in such a way it does not destroy the natural beauty. Therefore, the development is necessary, but has to be thoroughly planned. Secondly, tourism is claimed to be an important source of income. People from wealthy countries often travel to smaller and more exotic ones, so the economic situation of the weaker country can be boosted.However, a country’s economy may become so dependent on tourism that it is weakened. If, for example, a natural disaster happens, then the tourists may not arrive for a long time. In this case, the country can be helpless without their main income source. Thirdly, tourism allows people to experience new cultures. When tourists visit other countries, local people can see the way they behave, talk, what clothes they wear, what are their customs, and in that way learn more differences. In contrast, the impact of tourism may destroy the local way of life.The new customs brought with tourists may replace the old and unique ones, therefore making local customs mix or even disappear. All in all, there are arguments both, for and against the encouragement of tourism. It is very important for the economy, it allows the locals to experience other cultures, but there’s also a treat of giving up some traditions. Governments may improve local facilities, yet crowded tourist spots can damage the environment. Tourism is a very important field, but needs a lot of careful attention. Tourism: England and Local Facilities In today’s globalized world, people go on holidays every year. They often choose exotic places abroad to fulfill their excitement of traveling and visiting other countries. But should those countries encourage tourism? There are a few advantages and disadvantages on this issue. Firstly, the desire to attract tourists to a certain area often encourages governments to improve local facilities. This leads to the development of the country and, of course, is beneficial for both, citizens and tourists.On the other hand, over-development can lead to ugly, crowded tourist spots and environmental damage. Consequently, the development of the country must be controlled and planned in such a way it does not destroy the natural beauty. Therefore, the development is necessary, but has to be thoroughly planned. Secondly, tourism is claimed to be an important source of income. People from wealthy countries often travel to smaller and more exotic ones, so the economic situation of the weaker country can be boosted.However, a country’s economy may become so dependent on tourism that it is weakened. If, for example, a natural disaster happens, then the tourists may not arrive for a long time. In this case, the country can be helpless without their main income source. Thirdly, tourism allows people to experience new cultures. When tourists visit other countries, local people can see the way they behave, talk, what clothes they wear, what are their customs, and in that way learn more differences. In contrast, the impact of tourism may destroy the local way of life.The new customs brought with tourists may replace the old and unique ones, therefore making local customs mix or even disappear. All in all, there are arguments both, for and against the encouragement of tourism. It is very important for the economy, it allows the locals to experience other cultures, but there’s also a treat of giving up some traditions. Governments may improve local facilities, yet crowded tourist spots can damage the environment. Tourism is a very important field, but needs a lot of careful attention.

Midterm Paper Rewrite Essay Example | Topics and Well Written Essays - 500 words

Midterm Paper Rewrite - Essay Example Does this reflect the true picture of what beauty stands for today Definitely not! The "Curse of the Fashionista" will rob you of your identity and will steal the personality that makes you uniquely appealing. We express our shock when a model publicly dies on the runaway from the culmination of years of anorexia. Yet, thousands more suffer in private, away from the public's eye while celebrities promote this disease and its disastrous consequences. The recent case of the Ramos sisters brought only a fleeting glance at the fashion industry's policies that condone and promote an unhealthy body weight. The lure of stardom is quickly traded away, and the unethical practices continue. Cosmetics can be an instant cover-up or a dynamic enhancement for a woman's natural beauty. However, the long-term effects of these chemicals on the skin are mostly unknown, potentially damaging, and may be fatal. The women of England began to paint their faces with powdered white lead to imitate the pale complexion of Queen Elizabeth I. The product worked wonders while the women fell ill to lead poisoning. Today, women taking oral tyrostat for skin whitening have little information about its unforeseen side effects. Recent events indicate that drug companies may have trouble detecting side effects even after years of rigorous testing.

Mini Research Project Proposal Example | Topics and Well Written Essays - 1000 words

Mini Project - Research Proposal Example When the world real Gross Domestic Product was having a howling dread, the GDP of China was pretty much sturdily moving upward in an open contrast (Easterly, 2011). The underlying research project aims to spotlight the off budget fiscal activity and the effectiveness of the emergency fiscal policies implemented by the Chinese government by making use of the IMF’s published augmented fiscal data. Data were originally augmented by adding the general statistical output up with the off budget fiscal data. Though, this is a secondary research including the subjective approach by analyzing a number of theoretical sources to make a solid and theoretical inference so far. However the augmentation in the fiscal data is an aid to understand the underlying course of activity rather to replace the general purpose government released statistics. It was not possible to draw the judgments by using each and every part of the published augmented data; hence here I am going to exclude some of t he figures to reduce the complexity and intricacy i.e., policy banks fiscal activity data, ministry of railway net borrowing etc. In the period of the world economic crisis, local government aimed to implement several plans to reduce the impacts. Out of the most prominent activity, the most observable can be reported as the infrastructure investments to support and boost up the economic development in the country. It remained a popularized countercyclical tool to foster the internal developmental course. This developmental spending was categorized as an off budget expenditure and managed through the sales of the government inland property or Local Government’s Finance Vehicle borrowings so far internally. Thus IMF introduced the concept of augmentation in order to measure the impact of the budgeted and off budgeted fiscal activity within the economy. Without complementary augmented data, it is quite thorny to analyze the total effect and stimulus towards the tradeoff to the crisis.

Analytical Project Southwest Airlines Essay Example | Topics and Well Written Essays - 2000 words

Analytical Project Southwest Airlines - Essay Example The industry facilitates world trade, tourism, international investment, economic growth. It is also a centre of the globalization that is taking place in many of the industries. In the past decades, worldwide, travelling has been taken place for both leisure and business. Therefore, per year air travel has grown by 7%. Approximately, about 1.5 billion people are travelling through airlines worldwide (The Airline Industry, 2000). Type of business: The airline is considered to be the tertiary industry that offers its services to all the people, directly or indirectly. When tourism is promoted in the country, it is the airlines that improves the economy and in turn affect every member of the society (Southwest, 2011). Form the airlines industry, the paper discusses Southwest airlines in detail. Size: The total number of employees in the southwest airline is about 3500. In the year 2010, their net income was $ 459 million. Moreover, excluding the special items, their net income turns ou t as $550 million. Throughout the year on the airline, a total of 88 million people have travelled. The statistics report of 2010 shows that their operating revenue of the year 2010 was $12.1 billion (Southwest, 2011). Service provided: Southwest airline is considered as the United States’ most successful high frequency, low fare, and point to point carrier. Every day they offer more than 34000 flights coast to coast. This makes it one of the largest domestic passenger airlines of the states (Southwest, 2011). Market served: Southwest airline is the domestic airline; it flies to 37 states; 72 cities. They serve these cities by using 548 Boeing and 737 jets (Southwest, 2011). Summary of SWA’s Strategy Mission: The mission of Southwest Airline is â€Å"dedication to the highest quality of Customer Service delivered with a sense of warmth, friendliness, individual pride, and Company Spirit.† The mission of the company is to provide their customer with the best qual ity that will force them to return to them more than once (Southwest Airlines, 2011). Organizational objectives: The objectives of the company are to efficiently deliver the basic services (Southwest Airlines, 2011). To achieve this goal they have divided this objective into a number of fundamental objectives. They want to provide their customers with safe, low price transportation with maximum convenience. Overall HR strategy: The HR strategy of the company is â€Å"recognizing that our people are the competitive advantage, we deliver the resources and services to prepare our people to be winners, to support the growth and profitability of the company, while preserving the values and special culture of Southwest Airlines† (Buller, 2006). Being a great place to work, the airlines is selective in hiring and looks out for the best employees that can satisfy the needs and wants of the company as well as the customers. Key strategies: The key strategy of the company includes bein g cost effective, so that they can capture greater number of customers. They are also specialized in short-haul flights to their customers. They tend to give their customers the best services in return of the price they pay. This strategy is considered to be their core strategy (Southwest

Project managment individual assinment Essay Example | Topics and Well Written Essays - 1750 words

Project managment individual assinment - Essay Example According to Visitacion (2003) it is most often â€Å"poor planning and fuzzy requirements† that contribute to poor management of projects and result in failed productivity.(www.amd.com). She states that if the planning process is improved by 20%, then there will be an 80% improvement in productivity. In particular, from the perspective of stakeholders, there is added pressure for the project to conform to the limitations of finances, time and resources, hence she recommends that many project failures can be averted through implementing good planning and developing a clear understanding of the project requirements so that they can be satisfied. LaBrosse(2007) recommends that a standardized, consistent approach be developed towards project management and has created the Cheetah Project Management method. This system boosts individual as well as organizational productivity through the development of a standardized, consistent system that includes best practices into the manner in which projects are managed. This standardized approach consists of the 5 S’s, which are very helpful in eliminating chaos in the work environment and can help team members to work efficiently and reduce delays caused by disorder in the working environment and work areas. The first item is SORT, where materials that are present within the working area are restricted to those materials which are used on a daily basis. The other materials are stored away elsewhere, and an efficient filing system is developed to enable a quick retrieval of the documents. The next item is STRAIGHTEN. This aims to smoothen the work flow by setting out specific spots for moveable items. Materials such as fax and copier machines and other items used collectively by several organizational members are labeled and schedules drawn up for rotating use of such machines, in order to promote efficiency. The third item to improve project management is SHINE,

Environmental Scan Essay Example | Topics and Well Written Essays - 1000 words

Environmental Scan - Essay Example Their focus for the past few months has been to form strong relationships with their current customers, including car dealerships, repair shops, and the used car market, through strategic marketing and PR platforms. But at the moment they cannot gain customers in the car manufacturing sector as they don’t have the capacity to bring in large orders of the quality demanded by those. The major players all have private negotiations with the larger processing plants or they source them directly through imports. The current financial standing of the business is not enough to ensure profitability or expansion, modification strategies. Variable Cost per month- $ (100*70*20) + 2000 142,000 Average Variable Cost- $ 142,000/6000 23.67 Total revenue per month -$ 32*6000 192,000 The calculations indicate that the firm is not performing enough to generate a steady profit as the revenue is less than the total cost of producing. However, it would not be advisable for the firm to shut down ope rations as the loss being incurred now might well be less than the total fixed costs, which is what the firm would suffer if the management decides to shut down. The revenue per unit received is $32, according to economic rules an â€Å"in the short run, a firm will maximize profit or minimize by producing the output at which marginal revenue equals marginal cost (as long as producing is preferable to shutting down† (McConnel et al., 2008) The firm is producing output at the MC of $30, which is near enough to the marginal revenue of $32 and is following economically sound practices. From the calculation, we can see that the Average variable cost is $23.67, which means that the MR of $32 covers the ATC as well as contributing $8.3 to covering up the fixed costs incurred in the process... As the variable cost of workers is the greatest cost they incur in production, one possible venue is to bring greater automation in the plants along with the implementation of software like ER P or specific manufacturing software to take over the manual jobs in the factory. While the process requires hiring experts as consultants (or creating a new position in the firm) along with the capital requirements for new hardware and software, in the long run, the variable costs will go down and the increase in fixed costs will be offset by greater revenue and profits. Financial formulas can be applied to forecast the expected change in profit and cost structure; including interest expenses from the loans that will be taken or the bonds which will be floated to fund the project. Another way to generate liquid capital can be through making the firm public and floating shares in the market, but the current standing does not indicate that the response will be good and the owners are better off by taking liabilities and keeping control of their business in their hands.

Discuss the political significance of shifting structural (economic, Research Paper

Discuss the political significance of shifting structural (economic, cultural, social, demographic) trends in Texas - Research Paper Example When examining the interactions that interconnect economic outcomes and decision making politically, we are studying structural trends and political economy. Therefore, this paper will discuss the political significance of shifting structural (economic, cultural, social, demographic) trend in Texas. Political economy The economy creates a significant context in understanding of Texas’ political culture. It can assist in the shaping of the political culture. The economy’s development can shape certain political stereotypes and perceptions-and the society’s various sectors. With much involvement of the government in the economy, economic actors from private sectors have every reason to get involved in political participation to become actors in politics (Gutierrez 217). Since the earlier settlement improved by oil production and land grants boosted by state law to the technology backed by the government in the past two decades, the government has been protecting an d promoting state economic interests. It has happened so with the positive participation of political representatives of the interests. This marriage of politics and business has been successful in the Texas government’s council. ... The stability of the marriage of politics and business stands on pragmatism of both the result and the cause of the state’s booming economic history. In Texas, the culture has created entrepreneurial politicians and giants of savvy entrepreneurs, the government has made and protected businesses and established industries with incentives, exemptions, state contracts and subsidies during both wicked and good economic times (Mayer 265).The resulting distortions and inefficiencies in the economy’ structure and negligence of public interests have hindered a diversified development of a modern economy. The in-come tax absence, the reluctance to set a side funds for the delivery of education and social services have distorted the state’s growth and development. With the agreement that the government’s business is to uplift business, it has been constant throughout the history of the state, the public services delivery like public health and education has been pre sent despite constitutional and legal mandate. It is no surprise that the link between the economy and government is political and occupied by the influence of well-financed and well-organized private interests. It is too unsurprising that state governments perpetuate efforts to deriver public services that might raise the state of Texas amongst other states. The interaction patterns between the policy makers and the economic interests in the â€Å"reduced services, low taxes â€Å"government dominance to both the broader body politics and government halls (Mayer 205). Business leaders, such as political leaders and several voters saw government income tax as beyond the reasonable realm. As a result, the state services provision remains low because the money to fund them is little.

Case Study Essay Example | Topics and Well Written Essays - 500 words - 29

Case Study - Essay Example ove, however, cannot be established since the available evidence makes it apparent that the omission or misstatement of material facts was not deliberate. SEC recognizes misrepresentation as an offence (Miller et al., 2008, Page 572). In suing Mitchell & Moss and demanding recovery, those who purchased the Whitlow & Company shares of stock would base their argument on negligence on the part of the former and its major deviations from the stipulated norms of auditing and due diligence standards. They are further required to provide evidence that (i) they were third party beneficiaries in the contract between Mitchell & Moss and the Whitlow & Company and (ii) Mitchell & Moss is legally obliged to act without negligence in the audit of the Whitlow & Company. There certainly were instances in which such claims by third party found favour, the conventional viewpoint is that it is iniquitous to implicate auditors with unlimited liability on charge of negligence. The present case is broadly within the scope of the latter view. Section 11 of the Securities Act of 1933 imposes civil liability on accountants for misstatements and omissions of material facts (Miller et al., 2008, Page 650). On the basis of this, Jackson asserts that she suffered a loss by relying upon the financial statements, prepared and certified by Mitchell & Moss, which were misleading. This claim for recovery of damage, however, is valid only if she succeeds in establishing that the untruth or omission was not known to her at the time of purchasing the Whitlow & Company shares of stock. Jackson’s is a case of potential liability in the plaintiff’s favor in which it becomes entirely the defendant’s responsibility to explain why he should not be held liable. One option available for Mitchell & Moss is to argue that the alleged omission or untruth could, in all likeliness, be deemed to be known to Jackson, she being a member of the Private Placement Group having access to and sound knowledge of

Bristol 2015 Green Capital of Europe, impact report Assignment

Bristol 2015 Green Capital of Europe, impact report - Assignment Example These three classifications are also popular as the three Ps i.e. people, profit and planet (Slaper & Hall, 2011). The term ‘TBL’ was first initiated by John Elkington in the year 1995 but it was not so popular since the publication of his book on the topic of TBL. In 1997, he published his book namely â€Å"Cannibals with Forks: The Triple Bottom Line of 21st Century Business† in order to focus on the significances of TBL within an organisation. According to John Elkington, TBL not only focuses on the economic value of the organisation but it reveals the social and environmental value. Nevertheless, in the initial stages of its invention, most of the organisations refused its adoption as they were acquainted with the traditional reporting structure. The report presented by Vandenberg (2002) said that a survey was conducted within 32 organisations and the result found was that most of them were puzzled regarding the philosophies laid down by the term TBL. However, in the later period of 2002, Frank Vanclay stated that almost 160 international organisations along with numerous government organisations have strongly adopted the philosophy of TBL. These companies that adopted the philosophy of TBL stated that the TBL should be implemented within the organisation as a particular business ethic but not as an accounting framework. It was recommended by them as a part of the best accounting structure for the company. Joanna Dickson Holmes agrees with John Elkington regarding the utility of the TBL as she also believes that the TBL of an organisation is measured not only on the basis of economic value but also the social and environmental value. He states that it is not always necessary that the environmental and social factors may be the value that it adds but it might be those factors which can cause damage to the organisation (Holmes, n.d). One of the renowned organizations, Cascade Engineering also states the utility of the TBL on the basis of e nvironmental capital, social capital and financial capital. They affirm that in their organisation, TBL serves as an instrument for accounting all the efforts of sustainability (Cascade Engineering, 2013). From the above definitions stated by the different authors, it has been observed that the TBL serves as an accounting structure and a sustainability effort in terms of social, economical and environmental factors. William McDonough and Michael Braungart state that the TBL is considered as a vital tool for maintaining a balance in the economic objectives of the organisation along with a desire to improve the environmental factors affecting the organisation. The TBL minimises the social and environmental liabilities owed by an organisation such as waste management and the efficiency of resources. It facilitates the managers of the organisation to identify the problems and to set up the strategies for mitigating the negative effects of those problems occurring within the organisation (McDonough & Braungart, 2002). The overall definition of TBL lies as the structure which measures the activities within the organisation on the basis of social, economical and environmental norms. It is generally used by the top management of the organisation in mitigating the negative effects of the organisation and setting up strategy for the growth and development of the organisation. The philosophy of TBL is related with the sustainability of the organisation. According to the business perspective of the organisatio

Racial Profiling Essay Example for Free

Racial Profiling Essay On February 4, 1999, Amadou Diallo, an unarmed 22 year-old immigrant from New Guinea, West Africa, was shot and killed in the narrow vestibule of the apartment building where he lived. Four white officers, Sean Carroll, Kenneth Boss, Edward McMellon and Richard Murphy fired 41 bullets, hitting Diallo 19 times. All four were members of the New York City Police Departments Street Crimes Unit, which, under the slogan, We Own the Night, used aggressive stop and frisk tactics against African- Americans at a rate double that groups population percentage. A report on the unit by the state attorney general found that blacks were stopped at a rate 10 times that of whites, and that 35 percent of those stops lacked reasonable suspicion to detain or had reports insufficiently filled out to make a determination. Thousands attended Diallos funeral. Demonstrations were held almost daily, along with the arrests of over 1,200 people in planned civil disobedience. In a trial that was moved out of the community where Diallo lived and to Albany in upstate New York, the four officers who killed Diallo were acquitted of all charges (â€Å"The Diallo† online). Racial Profiling is any police or private security practice in which a person is treated as a suspect because of his or her race, ethnicity, nationality or religion. This occurs when police investigate, stop, frisk, search or use force against a person based on such characteristics instead of evidence of a persons criminal behavior. It often involves the stopping and searching of people of color for traffic violations, known as â€Å"DWB† or â€Å"driving while black or brown. † (Meeks 17). After 9/11, racial profiling has become widely accepted as an appropriate form of crime prevention. People were sought after based solely on the fact that they were of Arab descent. But racial profiling did not start with September 11th racial profiling has been around for ages. Tracy Maclin, a professor at Boston University School of Law, says that racial profiling â€Å"can trace its historical roots [back] to a time in early American society when court officials in cities like Philadelphia permitted constables and ordinary citizens the right to take up all black persons seen gadding abroad without their masters permission. † (Meeks 164). The term profiling first became associated with law enforcement’s nterference in drug trafficking during the late 1970s. In 1985, the Drug Enforcement Administration instituted Operation Pipeline, an intelligence-based assessment of the method by which drug networks transported bulk drugs to drug markets, and began training local and state police in applying a drug courier profile as part of highway drug interdiction techniques. Under Operation Pipeline, police were trained to apply a profile that included evidence of concealment in the vehicle, indications of fast, point-to-point driving, as well as the age and race characteristics of the probable drivers. In some cases, the profiling technique was distorted, so that officers began targeting black and Hispanic male drivers by stopping them for technical traffic violations as a pretext for determining whether or not drivers were carrying drugs (Weitzer 133). A 1998 Department of Justice investigation of these practices raised awareness of this issue and defined racial profiling as the practice of singling out members of racial or ethnic groups for relatively minor traffic or petty criminal offenses in order to question and/or search them for drugs, guns, or other contraband (â€Å"History† 1). In 1999, the American Civil Liberties Union launched a nationwide campaign against racial profiling, entitled â€Å"Arrest the Racism: Racial Profiling in America. † This campaign included research, phone hotlines to report incidents, online complaint forms, advertising campaigns that included radio, television, print and billboards, advocacy for legislation, and a communications program synchronized with litigation efforts across the country. This campaign has inspired a movement against racial profiling by local, state and national organizations. Community organizations have been involved in advocating for legislation, increasing visibility of their racial profiling concerns, and encouraging police departments to begin data collection. More than 20 states have passed legislation prohibiting racial profiling and/or mandating data collection on stops and searches, hundreds of individual jurisdictions have voluntarily begun to collect data, and several jurisdictions are collecting data on racial profiling as a result of federal or state court settlements or consent decrees. In February 2001, during an address to a joint session of Congress, President George W.  Bush said of racial profiling, â€Å"It is wrong and we will end it in America. † (â€Å"History† 1) California, alone, has enacted legislation which mandates sensitivity training, but there is currently no legislation mandating data collection. In 1999, Governor Gray Davis vetoed legislation that would have required law enforcement agencies to collect data to show whether people of color are stopped by police at disproportionate rates. Bills that would have prohibited racial profiling and required data collection either died on inactive file or had important content removed before being passed. A large number of individual jurisdictions are collecting data either voluntarily, through court settlements, or through federal consent decrees. S. B. 205, which amended the California Penal Code section 13519. 4, entitled Racial and Cultural Diversity Training, defines racial profiling as â€Å"the practice of detaining a suspect based on a broad set of criteria which casts suspicion on an entire class of people without any individualized suspicion of the particular person being stopped. † This legislation outlines the inappropriateness of racial profiling, and mandates cultural awareness training for civil servants. The federal code which is used to address racial profiling and other questionable procedures is Title 42, U. S. C. , Section 14141, which makes it unlawful for state or local law enforcement agencies to allow officers to engage in a pattern or practice of conduct that deprives persons of rights protected by the Constitution or laws of the United States. This law is commonly referred to as the Police Misconduct Statute. This law gives the Department of Justice the right to reprimand and/or sanction law enforcement agencies that use policies or practices which support a pattern of misconduct by officers. The action taken by the department is directed against the agency as a whole, not against individual officers. Although efforts have been made to ban the use of racial profiling as a law enforcement tool, no jurisdiction in the U. S. has addressed the problem in a way that is both effective and all-inclusive. Currently, twenty-nine states have passed laws concerning racial profiling, but state and federal protections against this problem continue to be extremely lacking. Further, some states are even passing legislation that supports racial profiling, such as Arizona’s new SB 1070, which aims to curb the problem of illegal entry into the U.  S. While immigration issues continue to be a problem in the U. S. , this law basically allows law enforcement officials to stop any citizen randomly to verify their legal residence in the country. Police practices that are viewed as racially motivated will ultimately lead to more frequent and severe interactions with law enforcement, and eventually leads to a distrust of the police. This is an unhealthy position, as law enforcement practices aren’t effective when you are fearful of those whose job is to protect and serve the citizens (Blumer 4). There is not much research available that addresses the question of why racial differences exist in citizens’ relations with the police. Part of the explanation can be found in the group-position thesis, which is discussed in the research by Bob Hutchings 64), and states: â€Å"the group-position thesis focuses on inter-group competition over material rewards, status, and power. Racial attitudes which reflect individual-level feelings and beliefs also mirror a collective sense of group cohesion, unlike other racial groups. These perceptions include (1) perceived threats: dominant group members’ fears that their group is at risk of losing privileges or resources to competing racial groups, and (2) perceived advantages: minority group members’ beliefs that their group interests will be enhanced by challenging the prevailing racial order. The group-position thesis has been used to explain inter-group racial attitudes. † The thesis further outlines the entitlement of dominant groups to resources, and the attraction to institutions that serve their interests; an example of this would be the attraction of the White race to the criminal justice system. The police are often seen as allies by the â€Å"dominant ethnic group†, especially in deeply divided societies where the police can be used as an instrument for suppressing â€Å"subordinate groups† (Bobo ump; Hutchings 70). This relationship between the police and dominant groups is less obvious in more democratic societies, but the authors state that even in these societies, the superior group builds strong relations with the police. In the United States, white people’s support for the police has traditionally been strong and, at the same time, whites tend to see racial minorities as inclined to criminal or violent behavior. In the 2000 General Social Survey, for example, half of whites viewed blacks as ‘violence-prone’. †(Weitzer ump; Tuch 1021) For whites who follow these views, there is a tendency to condone police suspicion and disparate treatment of minorities as â€Å"rational discrimination† (Weitzer 153). These attitudes may b e more strongly held by some whites than by others, but the group-position thesis predicts that these views are fairly common throughout the white population (Bobo ump; Hutchings 72). Racial profiling has been occurring throughout our nation, and even the world, for as far back as any of us can remember. Racial profiling stems from racism, and fear of people who are different, ethnically and culturally, than the person making the judgments. Sadly, it spreads even further than that, and clouds the judgment of the people who are in positions of authority, even when they come from the same ethnic background. Racism, classism, sexism and all the other –isms combine to create trends such as these, which affect more than just the person being judged; it affects their families, friends, neighborhoods, communities, etc. Like all other issues that deal with the problem of –isms, the only way to change the dominant perception is to change the way people are programmed throughout life and their experiences. Until that day, no legislation or rule is going to change the way people feel about the minority, or perceived lower class, group.

Studying The Functions Of The Bank Of England Finance Essay

Studying The Functions Of The Bank Of England Finance Essay Introduction The Bank of England also known as the central Bank of England. In 1964 it started as the joint stock company, and in return for a large loan to the government was put in privileged position which enabled it to be a largest private bank. It was then authorized to hold the large gold reserves of the banking system of UK. In 1844 note issuing powers were terminated other than via bank, which become as the monopoly supplier. Before coming as the bank of England Act 1946, it was under the control of the treasury. It is managed by the Court of Directors, headed by the governor, who is appointed by the crown. Since 1844, the balance sheet of the bank was divided into two halves, namely as: Issue Department (concerned with the notes issuance). Banking Department (concerned with other banking). Functions of Bank of England Bank of England Act in 1946 defines the constitutional relationship between bank and the government as follows: The treasury of the bank of England can give the instruction to the bank time by time as, after constitution with the governor of the bank, they think necessary in the public interest. The Act makes no specific reference to the banks responsibilities and duties because they were considered to be well established by the customs and practices. Overall, the Bank of England performs the following: BoE is responsible for the issuance of notes and coins, BoE acts as banker to the central government, BoE acts as banker in the banking sector, BoE manages the Exchange Equalization Account, BoE is conscientious for the precise timing of interest rate changes, BoE as well supervises the banking sector. As per the Governor of the Bank of England, Mr. George in 1996, three major purposes are: Maintaining the honor and value of currency; Maintaining the stability of financial system, both internal and external, Ensuring the effectiveness of the UKs financial services. Role of Bank of England in oversight of Core UK Payment Systems Introduction Basically, Payment system is playing a major role in the development of the economic and financial infrastructure. One of key functions of the UK payment system is to allow transactions to be completed securely and well in time, makes a good involvement to overall financial development. It is essential to be considering that payment systems can also involve risks for members, and can be a gateway for the transmission of disorder from economy or financial system to another. Therefore central bank has always taking steps to develop and operate the Payment system to control this systemic risk. The Banks lapse of payment systems is a major part of its responsibilities for Financial and monetary solidity. The basic function, the Banks lapse work is to identify risks posed by the defining, developing and operate of payment systems and to take necessary steps to control them. A payment system is a system that allows its users to transfer money, it varies from country to country and location to location. In this modern era, in most developed countries, monetary system is regarded as cash ie notes and coins issued by the central bank and can be claims against credit institutions in the form of deposits. Payment system is a safe way to complete a transaction safely and well in time. Companies can use them when they want to buy or sell goods and services and individuals depend on them to receive their wages and for purchases; and Government depends on them to receive taxes and other benefits. Through a payment system a customer can make payment to the customer of other banks. These interconnections mean that, that a customer who hold the money with a bank can focus on their balances, cost and quality of the services and others like credit standings with their banks. The volume of the UK payments system has been considerably increased from the last few years. As for as the payment system concern for the efficiency and effectiveness of the UKs financial sector both domestically, for the stabilization the UK economy, and internationally, to invest in the UK business and financial markets. Working with financial market participants, the Bank plays a vital role to develop and improve the UK payment system so that the investors can enjoy the benefits. The Bank seeks to support market-led development but take a more active part in catalyzing market initiatives the operational role. Bank of England oversight Role for payments That is the major responsibility of the bank to oversight the payment system and as well the stability of the financial system. As the values of payment systems have increased, but at the same time theres an increase in the risk management have become an important issue. The Banks oversight role relates to its operational role as the provider of the central bank money to some of the payment systems and as final provider of liquidity to the banking system and to the stability of the economy more widely. The Bank: The bank of England is entirely responsible for the settlement of CHAPS sterling and CHAPS Euro. The bank of England is responsible to provide the intra day liquidity of CHAPS Sterling and CHAPS Euro by way of reserves against their securities. The main function of the bank of England is to oversee the payment system and to ensure that sufficient weight has given to risk reduction and management and to view their development and operation. However, the BoE taking an interest in promoting payment systems, proper lapse of the competitive upbringing for systems, their members and their users is a subject for the competition authorities. b) Major Developments in UK Payment System in 2008 In the year 2008 theres many changes in the UK payment system because in this year  £200 trillion were passed. The UK Payment system development and performance can be assessed by the systematic payment Core Principles. Through these core principles in 2008 theres main payment system development in UK. CLC and SWIFT are two international infrastructures in the faster payment services and development. To assess the performance and flexibility of the payment system Core principles were developed. These differentiate between the systems and the risk related to their operations and as well the basic tools developed by the bank to avoid these risks. For this purpose bank has developed Oversight Risk Framework. In the year 2008, most important risks to the systems relate to the settlement risks in the event that a member becomes bankrupt, and as well to the operational risks of failure of a system or its supporting network. Overall, the most significant risks identified by the support relate to the main wholesale payment systems. This reflects the blow of Out ages of these systems for economic and financial activity in the United Kingdom. CHAPS One of the most important Payment System in UK is known as CHAPS that provides real time gross settlement of transfers between members which eliminates credit risk. Since, the CHAPS Euro closed in 2008; it is now consist of CHAPS Sterling. The relationship between the Bank and CHAPS Clearing Company is governed by the Memorundam thats known as Memorundam of Understanding. In the year 2008, daily value of CHAPS Sterling was around  £280 billion, thats make it largest UK Payment system. CHPAS played a vital role in distributing the liquidity and mitigation of risks within CHAPS and its real time gross settlement infrastructure in UK financial system During 2008, CHAPS volume fell while values remained constant. There are two reasons for the reduction in volume: Down turn in economic activity may caused fewer CHAPS payments to be made, such as those associated with the housing transaction. Smaller payments could be migrating to the faster payment services which launched in May 2008. There were more signs that volume falling more rapidly in the second half of 2008. In this real time world the largest gross settlement system is the CHAPS sterling which is as well used by the banks to move money around the fiscal system through the following ways: Payments from one Business to other Business. Payment made through the Solicitor for the purchase of house to other party or bank By the individuals who are selling the high value items. Such as car which require guaranteed payments. CREST CREST is as well one of the best Payment System that provides a payment settlement service for gold, shares, and money market technique in both sterling. CREST supervised by the Financial Service Authority (FSA), and the BoE responsible for its oversight. It is a totally owned firm of Euro clear SA/NV and is an RTGS system. As stated in 2009 BoE report, the average daily value of transactions in the sterling element of the system was  £478 billion per day in 2008, and its daily volume reached 211,559. Three types of payments can be made through CREST: Real-time gross settlement in central bank money in sterling. RTGS in central bank money in euro A mutual net settlement arrangement for transactions in US dollars. Bacs As in the change in the technology it changes all the ways of living and work styles, in the same way it changes the payments methods. So, people are choosing automated methods of payment as compare to paper based like cheques and drafts. In 2008 a record of 4.8 billion automated payments in UK has been noted. 92 % of automated payments are bulk transactions generated by the small and large business organisations and are: Direct debits mainly to pay utility bills, life and general insurance premiums and various subscriptions; Direct credits, used for salary payments, pensions, annuities and child benefit. The remaining 8% is made up of inter-bank telephone and online banking payments and standing order payments. Standing Orders Basically, a standing order is an instruction an account holder give to bank or building society to make payments, usually on a regular basis, to a UK bank or building society account. Any person or company with a current account at a bank or building society in the UK can set up a standing order. Your bank or building society will, on the day specified, debit your account and transfer the money to the bank or building society account of the recipient. The money will be transferred either through The Bacs system or increasingly from June 2008 through. The Faster Payments Service.   If it goes via Bacs it will arrive with the recipient within three working days, e.g. for a standing order initiated on a Monday, the earliest it could arrive would be the Wednesday. However, standing orders processed via Faster Payments will be processed on the same day. Internet and Phone In the last few years theres a huge increase in the internet and phone banking that rise the automated payment. The 22.5 million customer are registered with online facility and more than half using internet for making payments, and 40% people from other half (12.3 million) people using telephone banking to make payments. Internet and phone banking transactions are processed as Faster Payments or as one-off Credit using the same three day Bacs system and so followed the three day timescales developed for bulk payments (Direct Debits and Direct Credits). Cheques Cheques are the written orders by the account holders instructing their banks to pay the specified amount to the named person. Cheques are not legal tenders but they are legal documents and their use is governed by the Bills of Exchange Act 1982, and the cheques Act 1957 and 1992. Bankers drafts Bankers drafts are cheques drawn directly on the account of a bank rather than the account of a customer. They provide added assurance as the bankers drafts are unlikely to be returned unpaid due to lack of funds. However, it is important to note that they do not provide a guarantee against fraudulent use. For example, they may be lost or stolen and then used fraudulently. Daily Averages in 2008 Volumes, value and payment types (daily average) Payment Systems Volumes Values ( £ millions) Important Payment Types Substitute CHAPS 136196 283745 1. Settlement in Financial Market Settlement. 2. CLS pay ins and pay outs. 3. House Purchases 1. CHAPS sterling bypass mode 2. Manual procedure for making small number of Bank Transmission. Bacs 22266734 15537 1. Salary and Benefit Payments. 2. Bill payment by direct debit. 3. Telephone and internet banking. 1. Perhaps minimum scope for switching to other instruments in the short term e.g. Cheques, Cash. Faster Payment Services 939866 310 1. Telephone and internet banking. 2. Single immediate payment. 3. Forward dated payments. 4. Standing order payments. 1. Bacs 2. Cash 3. Card Network. Visa ( Credit and Debit Card) 14997260 836 1. Payments for goods and services by consumers and business. 1. Cheques 2. Other Networks 3. Cash Master Cards(Credit and Debit Cards) 10742466 593 1. Payments for goods and services by consumers and business. 1. Cheques 2. Other Networks 3. Cash Link 7797260 306 1. Withdrawal of cash using an ATM not operated by customer own bank. 1. Own bank ATM 2. Other cash withdrawal channels CREST 211559 477512 1. Settlement in respect of cash margin payments. 2. Payments for commodity deliveries. 3. Cash settlement If disruption does not prevent calculation of settlement obligation, contingency payments, procedure may be invoked. D). Core Principles The Bank has adopted some principles, among of these principles few provided a basis for the Banks non statutory oversight up to now and the few other principles related to the UK Payment system. All these principles were adopted by the bank for consultation during 28th September and 30th October. These principles are: Principle 1 The Payment System must have well legal basis under the relevant jurisdictions. The Bank of England notes in 2009 that this is one of the well suited principle for CHAPS as well in 2003 International Monetary Fund observes thats the best principle for CHAPS. In a financial report by International Monetary Fund it is also noted that Bank of England and Wales govern the CHAPS rules, and the Courts of England and Wales also exercise exclusive jurisdiction over any disputes in connection with these rules. The system designed under the rules of Financial Market Regulation in 1999 that was implement the European Union settlement and was finally implemented in United Kingdom. Principle 2 The systems rules and procedures should enable participants to have a clear understanding of the systems impact on each of the financial risks they incur through participation in it. As per the Bank of England report in 2009, CHAPS observes this principle. In 2003 International Monetary Fund draw a conclusion that CHAPS rule set out high level rights and duties of the members, membership criteria and operational criteria. The report issued by Bank of England in 2009 self assessment mentions a Memorandum of Understanding that sets out the rights and responsibilities of the Bank of England as operator and settlement agent of CHAPS; CHAPCo, as the member of the system and the payment organization. CHAPS rule contain the detail procedures and operational manuals that cover all the aspects of the payment system. Principle 3 The system should have clearly defined procedures for the management of credit risks and liquidity risks, which specify the respective responsibilities of the system operator and the participants and which provide appropriate incentives to manage and contain those risks. In 2009 Bank of England declares that CHAPS observes this principle. In 2007 report CHAPS declares as RTGS system, settlement process does not involve credit risk as is the case in deferred settlement system. It adds that domestic payments are both irrecoverable and finally at the point where relevant members settlement account is debited. If a paying bank has insufficient funds available on its settlement account with the Bank of England, CHAPS payments cannot be made, and a liquidity crunch in the system could result in a gridlock. The BoE nevertheless notes that CHAPS members do not experience liquidity management difficulties in meeting CLS pay-in deadlines. Principle 4 The system should provide prompt final settlement on the day of value, preferably during the day and at a minimum at the end of the day. (Systems should seek to exceed the minima included in this Core Principle.) In 2009 Bank of England self assessment that CHAPS operates on RTGS basis, minimizing the credit risk and thus observes this principle. In 2003 a report by International Monetary Fund assessment also assessed CHAPS as observing this principle. Principle 5 A system in which multilateral netting takes place should, at a minimum, be capable of ensuring the timely completion of daily settlements in the event of an inability to settle by the participant with the largest single settlement obligation. (Systems should seek to exceed the minima included in this Core Principle.) This principle is not applicable to CHAPS, according to both the IMF 2003 and BoE 2009 reports, since it is a RTGS system. Principle 6 The system should ensure a high degree of security and operational reliability and should have contingency arrangements for timely completion of daily processing. According to Bank of England and International Monetary Fund assessment, CHAPS observe this principle because CHAPS security architecture was founded on the range of policies and procedures governing the security demanded by the Bank of England, SWIFT and as well for the CHAPS members. In 2009 it was declared by BoE that CHAPS security controls and measures effective, and the business continuity, recovery procedures extensive. The BoE encourages the CHAPCo and its members to continue the system arrangements, communication among the members and to improve the operational arrangements to tide over a crisis. Principle 7 The system should provide a means of making payments which is practical for its users and efficient for the economy. According to both, BoE report in 2009 and IMF report in 2003 assessment, CHAPS observes this principle. As Per the 2003 IMF report, the CHAPS security architecture was founded on a range of policies and procedures manuals governing the levels of security demanded of the system operator (the BoE), (SWIFT) and the CHAPS members. The BoE, in its 2009 report, also finds the CHAPS security controls and measures effective, and the business continuity and recovery procedures extensive. The report mentions the Tripartite Resilience Benchmarking Project (TRBP) that underscores the high quality of the system. Principle 8 The system should have objective and publicly disclosed criteria for participation, which permit fair and open access. In 2003 IMF indicate in a report that CHAPS complies with this principle and as per BoE assessment in payment system report that in the country notes CHAPS only broadly observe this principle. This lower rating was assigned by the BoE primarily because of the fee charged for new membership is  £70,000 which BoE deems as inappropriate. Principle 9 The systems governance arrangements should be effective, accountable and transparent. In 2009 BoE and in 2003 IMF assessment indicates that CHAPS observe this principle. As per BoE, CHAPCo has clear governance structure with board having ultimate responsibilities for the management of the system. Further in 2007 the payment council introduced new governance arrangement for UK payment system. Under this CHAPCo is contractually bound to follow the directions of council on issue like integrity and innovation. Principle 10 The central bank should define clearly its payment system objectives and should disclose publicly its role and major policies with respect to systemically important payment systems. In 2003 in IMF report, BoE observe this principle. As noted by the IMF, the BoE published a paper on Oversight of Payment Systems in November 2000, explaining its objectives in regard to the oversight of UK payment systems. BoE had not yet published any follow-up/annual account of its oversight activities. However, in the June 2002 Financial Stability Review (FSR), a useful box was included to give some more detail of BoE oversight. In 2005 report, the BoE states that payment systems in the UK are not subject to statutory oversight, but notes that in its 2005 report, the BoE states that in order to ensure financial stability, the BoE especially focuses on the reliable functioning of systemically important payment systems in the country. Principle 11 The central bank should ensure that the systems it operates comply with the Core Principles. According to the 2003 FSAP conducted by the IMF, the BoE observes this principle. The IMF adds that the BoE had, together with CHAPCo and CRESTCo, (company operating the UK securities settlement system CREST and the settlement system for money market instruments, now merged with Euro clear, the European Securities Settlement Agency) developed the RTGS Central System, which it operates and provides to these companies as well as to other settlement systems with net end-of-day settlement. Principle 12 The central bank should oversee compliance with the Core Principles by systems it does not operate and it should have the ability to carry out this oversight. According to the 2003 FSAP conducted by the IMF, the BoE observes this principle. As observed by the IMF, the BoE formalized its oversight of UK payment systems with the creation of an Oversight Team in the Market Infrastructure Division with express responsibility for the oversight of payments systems. The BoE also assesses the key UK systems against the core principles. Principle 13 The central bank, in promoting payment system safety and efficiency through the Core Principles, should cooperate with other central banks and with any other relevant domestic or foreign authorities. According to the 2003 FSAP conducted by the IMF, the BoE observes this principle. The IMF notes that the BoE has close and frequent contact with its European and Group of Ten (G10) counterparts, both through formal mechanisms in particular G10, European System of Central Banks (ESCB), and EU committees and ad hoc contacts. The BoE also has close contacts with other U.K. authorities, especially through the Tripartite Standing Committee in which senior representatives of the Chancellor of the Exchequer, the Governor of the BoE and the Chairman of the FSA meet monthly to discuss financial stability; and the U.K. Competition Authorities. The BoE has also signed the Memorandum of Understanding between Payment Systems Overseers and Banking Supervisors in Stage Three of Economic and Monetary Union aimed at promoting cooperation and information sharing between EU payment systems and banking supervisors in relation to large-value interbank transfer systems, in order to ensure the soundness and stability of financial systems and their participating credit institutions. As the BoE website adds, the BoE collaborates with domestic (FSA) and international regulators to provide collective oversight of systems such as Euro clear, Society for Worldwide Interbank Financial Telecommunication (SWIFT), LCH. Responsibilities of the central bank in applying the Core Principles The central Bank should consider the following: The central bank should define the clear objectives of the payment system and as well should relate its publicity role with respect to the importance of payment system. The Central Bank should ensure that the all system operates in accordance with the Core Principles. The central bank should supervise acquiescence with the Core Principles by the systems it does not operate and it should have the ability to carry out this oversight. The central Bank should cooperate with the other central banks of the domestic and foreign for the safety and efficiency of the Payment System through the Core Principles. The Bank of England (BoE) asserts that as the overseer of the payment systems in the United Kingdom (U.K.), it prioritizes its oversight activities in accordance with the risks posed by a system to the overall financial stability. Therefore, it focuses its major attention on the high value payment systems in the country that include CHAPS, BACS, and CREST. A 2009 report of the BoE titled Payment Systems Oversight Report 2008, which is a self-assessment of the UKs payment systems notes that the main systems operate, to a great degree, in accordance with international standards. The report also states that CHAPS, which is defined as a system with systemic significance, observes eight of the nine core principles.

Analysis of Rio Tinto Mining Company

Analysis of Rio Tinto Mining Company   Industry: Rio Tinto Rio Tinto is a leading global mining company that focuses on finding, mining, processing and marketing the Earths mineral resources [1]. Its mining operation operates globally ranging from Copper assets in America, coal in South Africa to Iron in Australia. Its current revenue in GBP sits at  £27.22bn operating at a net income of  £3.72bn. Year on year Rio Tinto grew net income at 433%. Since January 2016 share prices have risen from  £1700, to  £3600, as the mining sector has exploded. Its no great surprise, with the costs of iron ores rising, the manufacturing sector exploding, and the demand for commodities having gone through the roof. Its main competitors are also mining companies; Anglo American plc, Glencore PLC and BHP to name a few. They have followed similar trends to Rio Tinto and have seen their share prices soar in the most recent months. Table 1.0 shows the comparison in debt and equity between the four companies. 2015 Debt (mil USD) Equity (mil USD) RIO:LSE 23,300 37,349 AAL:LSE 17,967 16,569 GLEN:LSE 48,980 41,254 BLT:LSE 31,170 64,768 In 2016 Rio Tinto has managed to cut its debt to $18,372mil and grew its equity to $39,290mi. 2) By just looking at figure 2.2 we can determine how volatile the RIO share price has been especially since the winter of 2015. It seems every other month (since Nov 15), has either been strongly positive or strongly negative. Before these months, the share price followed a similar trend to that of the FTALLSH with a few exceptions (early 2013). The overall monthly mean return sits at 0.4%, 0.5% lower than the average mean return of FTALLSH. The standard deviation (risk) is also considerably higher at 8.31% (compared to 3.04% FTALLSH). As an investor, I would want my average return to be higher as the risk became higher. In this instance, this is not the case. FTALLSH has a higher return but a much lower risk, and as an investor, this would be my preferred choice. We must take into account that if as an investor we took a long position with RIO at JAN 16, our share value has doubled. Annual mean return data is calculated by: When looking at annual data (October of each year), we can see the mean return has significantly increased on both the FTALLSH and the RIO. The slope of the line through a portfolio is given by the Sharpe ratio (figure 2.4). The risk free interest rate per annum is 1%. FTALLSH has higher annual returns than the risk free interest rate, but RIO has much lower returns. As an investor, you want better returns for higher risk. If the return is less than that of a risk free investment, the investment in RIO is not worth undertaking. 3) Correlation measures the degree in which two markets move in relation with each other. The correlation value ranges from -1 to +1. If the correlation is 0, the markets do not move in relation at all. Both the annual and monthly data has a mediocre correlation against the FTALLSH. This is probably mainly affected by the last 6 months data shown in figure 2.1, with how volatile the RIO market has been. Covariance is also measured by how changes in one market are associated with changes in the other market. It doesnt really give the strength of the relationship between the two markets as well as correlation does. This is why it isnt used to determine the relationship but it is vital in finding the Beta of the portfolio. Expected return = Volatility = Annual, Monthly, Annually, the Beta of the RIO market vs the FTALLSH, is 0.75, to be expected, as the correlation is mediocre, and the mean return is also high. The Beta of the market should be exactly 1. Therefore, the asset is defensive. The expected excess return is linked to its risk. As the market has a Beta of 1, and the Beta of RIO is .75, the RIO beta is 25% less volatile. Monthly, the beta is above 1 and is 44% more volatile. If the market rises or falls by  £1, the RIO return will rise or fall by  £1.44. The Capital Asset Pricing Model allows the investor to identify the best portfolio of risky assets without knowing the expected return on each of securities [3]. The CAPM equation (annual return) implies a positive result. As the annual return suggested by the CAPM is only 8.5%, and the annual return computed for RIO is 1.24%, the market is under-performing, and investors are being under-compensated for bearing the market risk. Monthly return is slightly positive. As the monthly return for RIO is 0.40%, and the monthly CAPM is 0.09%, Rio is outperforming the return suggested by the CAPM. Therefore, investors are being over-compensated for bearing the market-risk. The CAPM also implies that the annual return has a higher risk but worse return, and the monthly return has a lower risk but higher return [6]. Limitations Monthly risk free rate will not be exactly 1% every single month Return on the market. The market return at any given time can be negative. CAPM is a backwards looking model. Anything can happen (environmentally, politically, etc.) that can change the market FTALLSH is a limitation and is not the true market portfolio. Annually Beta = 0.75. If the market rose by 5%, the return would rise by If the market fell by 10% Monthly Beta = 1.44. If the market rose by 5%, the return would rise by If the market fell by 10% The monthly return has higher chance of greater returns, (the Beta is higher), however it also has a higher chance of bigger losses. If the markets rose by 5%, annually the investor would make a 4% return, vs 6.8% return on monthly data. Annual Return This means short selling RIO Tintos shares, and buying excess shares of market x. If the portfolio returns are uncorrelated, this gives a correlation of 0. As we know à Ã‚  = 0, the equation becomes Working out the portfolios Beta 4) CAPM Return = 8.5% To work out the PV of the project the company is considering, the discount factor is needed to be known. Assuming the companys required rate of return is given by the expected return on its equity, i.e. the CAPM return. As the CAPM equation has computed the expected returns, this is therefore the discount rate. The present value is worth more than the initial value of  £554,509.46> £500,000 so its a good deal for the company. This project could be set up for a multitude of reasons, which may affect its markets price in a positive way, such as new jobs for a local area, which in turn will boost the company politically which may also contribute to the success of the company. It is also important to note that even though the present value of the cost of this project is better than the contract being offered, RIO Tinto wont be positive in net return until the 9th year. The NPV is positive as expected, so the benefits outweigh the costs [3]. If the company wanted to just make cash money on  £500,000 they could just invest (risk-free) receiving,  £569,046 in 13 years time. 5) The method of comparables, values a firms cash flows directly, based on other firms (usually in a similar industry), that have similar cash flows or are expected to generate similar cash flows. The Law of One Price states that, If equivalent investment opportunities trade simultaneously in different competitive markets, then they must trade for the same price in both markets [3]. Using the Law of One Price we can use a company to measure (estimate) the valuation of a very similar company. As everyone knows, identical companies do not exist, but companies such as RIO, can have very similar competitors that prices can be judged by. The price/earnings ratio (share price / earnings per share), is the most commonly used ratio to measure the companys valuation. The more comparables there are, the better the reduced influence of any given company, making the overall result more trustworthy. When choosing the correct comparables to match against RIO, they all should have similar growth rates, similar required rate of returns and similar retention of earnings. I have chosen the three other mining companies, (Anglo American plc, Glencore plc, BHP) to compare against RIO. To value a companys current price using multiples: Using three other similar mining companies, to work out an average forward P/E ratio. According to Thomson Banker [9], the average P/E ratio of the three other companies (19.00) is much higher than the actual 10.98 RIO value (+73.04%). The Last Price Close of RIO on the 20/02/2017 was 36.46. The value we calculated is much higher than the actual value. Therefore, we have overvalued the share price, and should be bought. The P/E multiple is high for companies that have higher growth rates. The current P/E ratios are high across the board, with AAL, the only company estimating to grow its P/E next year. All three others are expecting to stop growing, with BHP (BLT), to step back massively. The companies compared above, are all mining companies, having spectacular performance in the markets, but realistically quite different. From figure 1.1, we know the difference in Equity and Debt values are similar, but RIO has much higher earnings per share (2.84), than any of the other three companies. Other than the Forward P/E ratio, RIO has the best values for all the metrics. We know that when we average the other three companies out, that the multiples based analysis will generally undervalue RIO. The differences are due to differences in expected risk, growth rate, etc. Multiples based valuation should ignore major anomalies, (e.g. GLENs 33.12 forward P/E ratio. Using the two other ratios gives an average of 11.98 which is much closer to the actual value of RIO). The set of comparables that were chosen (bar AAL), were not the best choice to match against RIO, as many of the metrics were so far apart. Q6) Arbitrage opportunities occur when a companys price across two markets is different, and will always have a positive Net Present Value. An investor, (who is known to be greedy and want any possible risk free return), will immediately attempt to buy the lower priced share on one market, and sell the same share on the higher priced market, instantly making him/her a no risk return. Everyone will attempt to trade using this method quickly, therefore, the lower priced market will rise and the higher priced market will fall, both eventually ending up at the same price. All markets aim to have an absence of arbitrage to stop any greedy investors from exploiting risk free returns. If equivalent investment opportunities trade simultaneously in different competitive markets, then they must trade for the same price in both markets [3]. If the Law of One Price is being applied correctly, there will be in absence of arbitrage across all markets. Bond Prices and interest rates also need to follow the Law of One Price. If a bond of a certain market gave a higher return than the risk free rate, they both need to follow the Law of One Price. The risk-free interest rate must equal the return from the investment of the risk-free bond. American Depository Receipts are quick and easy ways for investors in the US, to trade with foreign companies [10]. US banks will buy foreign shares and reissue them on US markets. However, each share does not equal the same amount as the original market. US banks will often group shares together, and reissue them separately on their markets. ADRs exist because foreign companies dont want the expense or hassle of listing their stocks on the foreign to them US market [10]. To invest in an ADR, brokers will need to buy foreign shares of said company, on their respective markets. He/she will then deliver these shares to a Custodian bank. Another bank, the Depositary bank issues receipts, on the basis those shares held by Custodian banks. Those receipts can then be traded freely across US markets, with payments, dividends etc., being paid in US dollars. ADRs save money by reducing foreign taxes and administration costs, and also because they give the company exposure. There are many risks involved with ADRs. Like normal market shares, there are political risks, inflationary risks etc. However, with ADRs, there are exchange rate risks. Using Tesco as the example [8], as the exchange rate of USD: GBP continues to improve for the US market, many investors will be looking to buy into British companies as its cheaper for them to do so. As the British and US markets trade at different hours, the closing prices of the Tesco share will be different, but in the normal market, the price of Tesco will be the same across all of the three different exchanges, (the Law of One Price), relative to that of their respective growth rates. Every Tesco ADR share represents 3 normal shares [8]. The current value of Tescos is 189.77p, and the value of its ADR = $7.19 [7]. If we divide the ADR value by 3. Using the current exchange rate of  £1 = $1.25512 [4]  £1.91 is slightly higher than the actual value of Tesco ( £1.90), but this is not taking into consideration the costs of administration, and exchange fees. The above is showing how the Law of One Price is applied across two different markets. Bibliography [1] FT. (2017) Rio Tinto PLC, RIO: LSE summary FT.com. Available at: https://markets.ft.com/data/equities/tearsheet/summary?s=RIO:LSE (Accessed: 24 February 2017). [2] About us (2017) Available at: http://www.riotinto.com/about-us-108.aspx (Accessed: 24 February 2017). [3] Berk, J. and DeMarzo, P. (2013) Corporate finance. 3rd edn. Harlow: Pearson/Education. [4] GBP British pound (no date) Available at: http://www.xe.com/currencyconverter/convert/?From=GBPTo=USD (Accessed: 24 February 2017). [5] MINING (2011) Market data metal prices and world mining markets. Available at: http://www.mining.com/market-data/ (Accessed: 24 February 2017). [6] Payne, R. (no date) Foundations of Finance. Available at: http://moodle.city.ac.uk/course/view.php?id=22726#section-0 (Accessed: 24 February 2017). [7] Tesco PLC (ADR): OTCMKTS: TSCDY quotes news Google finance (2017) Available at: https://www.google.co.uk/finance?cid=664658 (Accessed: 24 February 2017). [8] Tescoplc (2016) ADR information. Available at: https://www.tescoplc.com/investors/shareholder-centre/adr-information/ (Accessed: 24 February 2017). [9] Thomson ONE banker (no date) Available at: http://banker.thomsonib.com (Accessed: 24 February 2017). [10] Staff, I. (2003) American depositary receipt ADR, in Available at: http://www.investopedia.com/terms/a/adr.asp (Accessed: 24 February 2017).

A Cuban Reading of Psalm 137 :: Cuba Religion Bible Christianity Essays

A Cuban Reading of Psalm 137 There are two Cubas. On the Island are revolutionaries crusading to construct a Cuba that combats any attempt to subjugate her spirit to the US hegemony. On the (main)land are the modernists who look toward the United States as the guide and hope for revitalizing a Post-Castro Cuba. Consequently, the Cuban community is divided into two antagonistic camps: Resident Cubans living under Castro's Marxist regime, and Exilic Cubans living under a global capitalist system. Due to these political and economic differences, we Cubans are a people divided against ourselves. This division creates a unique space in how we read the Bible differently than the rest of Latin America or other U.S. Hispanic groups. Theologians operating from a liberationalist perspective focus on Exodus as a source of hope for their existential situation. The story of a God who hears the cries of the oppressed and personally leads them toward liberation is a powerful motif. However, Exodus is not the rubric from which we Exilic Cubans read the scriptures. It is the second exodus, narrating the Babylonian Captivity, that resonates within our very being. Like the Psalmist of 137 we sit by the streams of this country, singing about our inability to sing God's songs. †¢ BESIDE THE MIAMI RIVER WE SAT AND WEPT AT THE MEMORY OF LA HABANA LEAVING OUR CONGA DRUMS BY THE PALM TREES. In la sagà ¼esera (Southwest Miami), on Calle Ocho (Eighth Street), is a restaurant called Versailles, dubbed El palacio de los Espejos (The mirrored palace). What makes this restaurant unique are the mirrored walls. Sitting at the table in the crowded salon, I constantly see myself reflected on one of many heavily-gilded mirrors. As we Exilic Cubans look in the mirrors surrounding us, we are in fact searching for our ontological origin. Not so much what we are, but what we see ourselves as being. Versailles serves as a vivid illustration to Lacan's theory of the Mirror Stage. Lacan, the postmodern psychoanalyst, maintains that while I look at myself in the mirror, I assume that what I see is a reflection of a self ─ a secondary reflection faithful (more or less) to the likeness of an existing original self. Lacan would propose the opposite, that the image in the mirror is what constructs the self. My encounter with the mirror literally reverses the direction, and serves the function of forming my "I.

Contrasting Theories on the Extinction of Dinosaurs Essay -- Compare C

So what killed the dinosaurs? Without having any background education in science it is hard for the general public to comprehend such matters and they rely on the knowledge of the scientists in this field. Although there has been much research on the subject nobody has come up with a conclusive answer. And we are left to read the countless articles, all having their own opinions as to the mass extinction. One such theory is that a shift in the solar system could have caused the mass destruction. According to an article published in Nature magazine, â€Å"A bizarre wobble 65 million years ago, perturbing the orbits of Mars, Earth and Mercury, may have caused the demise of the dinosaurs, new models of the Solar System suggest.† The article suggests that an upset could have â€Å"disrupted the trajectories of asteroids-normally safely confined to asteroid belts-sending one or more into the Earth.† This is an easy enough idea for the general public to understand yet it is not stated if they know what caused the upset in the first place. And this is where we depend on the researchers to come up with a way of finding this out. They designed a model that would mimic the Solar System 100 million years ago, â€Å"based on natural variations in planetary orbits, their proximity to the Sun and their gravitational effects on one another.† What they did find was fluctuations in the model dating back 65 million years ago right when the asteroid supposedly hit. Even though it sounds like good solid evidence a lot of scientists are still not sold on the idea and need more convincing. In another article it is suggested that had a meteorite, large enough to cause mass extinction, hit the earth there would have been widespread wildfires wiping out eve... ... lack of information spreading to the general public. In the end we are left with countless more articles to read and decipher. Works Citied: 1. Ball, Philip. â€Å"Roast dinosaur off the menu?† Nature 03 Dec. 2013 Nature News Service/ Macmillan Magazines Ltd 2015 http://www.nature.com/nsu/031201/031201-3.html 2. Clarke, Tom. â€Å"Chaos killed the dinosaurs.† Nature 28 June 2011 Nature News Service/ Macmillan Ltd 2015 http://www.nature.com/nsu/010628/010628-15.html 3. Dalton, Rex. â€Å"Hot tempers, hard core.† Nature 04 Sept. 2013 Nature Publishing Group 2015 http://www.nature.com/cgi-taf?file=/nature/journal/v425/n6953/full/425013a_r.html&filetype=&dynoptions 4. Pearson, Helen. â€Å"Asteroid let dinosaurs rule.† Nature 17 May 2012 Nature News Service/ Macmillan Magazines Ltd 2015 http://www.nature.com/nsu/020513/020513-11.html

Deviant Behavior/Tattoos Essay

Beginning from a child we begin to experience different situations and interactions with others. We start getting taught the difference between right and wrong, what may be considered good and what is considered bad, and also taught the things we should and should not do. As we grow older we try to refrain from behavior of which society may disapprove of. Society see’s certain types of behavior as being deviant. First let’s begin by explaining what is a deviant behavior? Deviant behavior can be any behavior that does not conform to what people may consider normal, a behavior that does not meet with many expectations in society. Societies are both social structure and culture. Robert K Merton developed structural strain theory which is a perspective on what is deviance (Crossman, (n. d. )). There are many variations or meanings of what can be considered a deviant behavior. Merton has five categories in which he classified as conformists, ritualists, innovators, retreatists and rebels. Everyone at some time in their life has done a deviant act, some may have continued on with that behavior. Rebels stands up to their own opinions and disregard what is norm or others opinions. Rebels can be considered deviant because of their choices in life. Tattooed people are considered rebels because they decided to mark the skin with art. For instance are tattoos considered a deviant behavior? There was a study done at the Texas Tech University which its findings stated that the number of tattoos that a person has then the more â€Å"deviance† they are involved in (Beck, (n. . )). Their findings were based off of people who may have one tattoo versus those with four or more tattoos. Some would say that people with tattoos are rebels and deviant. Tattooed people considered risk-takers and non-conforming (Arndt, A. , Glassman, M. , 2012). Today tattoos have started to become more accepted from work environments to everyday life. Some view tattoos as a form of art. Tattoos h ave become increasingly common among the current generations. Tattoos have become somewhat of a fashion statement. Tattoos are stigmatized as aggressive and deviant because it was once commonly known among â€Å"out group†, outlaws, criminals, bikers, prisoners, and etc. , (Heywood,Patrick, Smith, Pitts, Richters, Shelley, (n. d)). People who obtain tattoos are more perceived negatively towards tattooed figures than that of non-tattooed adults. Women with tattoos are more negatively looked upon than men. There is a type of control over people with tattoos and employment. Many employers try not to hire people with tattoos especially as sales representatives. Studies have showed that people with tattoos that are interested in what is sold would gravitate more towards a sales representative with tattoos. As a female with tattoos, I can say that I have personally seen the difference in the way that people may treat me because of my body modifications. Even with body modifications studies may show that the more tattoos and piercings the more deviant the person. I cannot truly agree with this. Tattoos in the tattoo wearer’s eyes are more of a creative freedom or an art form.

Things Are Not Always What They Seem

Thursday, September , 2011. This marks the egress date of the Class of 2011s prime(prenominal) and bear bountiful year at Oxbow Prairie Horizons groom (OPHS), the raw K-12 crop in Oxbow, Saskatchewan. Its an short gorgeous facility, actualize with a astronomic gym (equipped with top-of-the-line sound and lighting systems), interconnected program for the functionally challenged students, ample foyer, kitchen and plane an extra gym. The building is plenty round-minded and compensate has remov open classrooms, but all(prenominal) rose has its thorn, right? Or in OPHS case, thorns.Shortly afterwards starting the 2011-2012 school term, and eventide shortly after wretched into the school in March? of 2011, more cater and students have noticed a few glitches (so to speak) in the system. At first, venial, piddly details that we can easily deal with (overcome? ). the likes of the room design of the biology, chemistry and physical science labs where bulletin boards b e blocked by the teachers desk and com roveer or even by entire counters. Like in the mobile canteen, we were prospered decorous to have beautiful loos installed to salt away our merchandise, but when it came time to actually handle it/them, students were inefficient to see the products anyways.So, in turn, the cupboard doors were taken kill completely. Eventually, the small problems began to tog out more suspicions and more noticeable and expound ones were recognized. Toilets in the washrooms began to constantly flush, some having to be manuallly shut off. The seat in the pasture has no windows, it is fair(a) a small room enclosed of cement. The parking masses is poorly designed. Trying to see around parked vehicles to hitting oncoming ones is solid and it is nearly impossible to maneuver large vehicles around at all.The b enforces drop students off half a block from the important entrances and when students do tangle with the school, depending on the weather, ato mic number 18 required to move outdoor topographic point because the parking lot is either muddy, full of water, or both. Which is not only a bother to our janitors but also to visitors, who sparkle over shoes trying to enter the building. Wireless internet was the first of many large problems to be noticed by the students. They were told that if you have a class where you impart be using laptop computers and it is a large class, to bring a personal laptop to convey on as at that place may not be enough laptops for everyone.So, some did, until they told that the principal wasnt given a password to the schools public Wi-Fi network and they were unable to do homework and sassingments anyways. Even now, after Mr. Petlak has been given the password and used it on students computers, they atomic number 18 unable to access certain(a) sites due to them existence blocked. Sites that students use to complete and accomplish tasks and assignments. wherefore? Because staff at OPHS ar e unable to control this. It is governing body workers in either Weyburn or Regina that do. The habitation temperature of OPHS is, put solely, freezing.During September, where it can be twenty degrees celsius and above, most staff and students were already exhausting sweaters and jackets to class. Which, in retrospect, is not uncommon for Oxbow. In the old high school, anyone working in the building would be runing jackets, touques and mittens, unless you were in the science labs or the main subroutine. thither you would wear shorts, tank tops and hang on flops. But with the excitment of the Horizons School close to being fully built, came the realization that we could actually wear seasonal appropriate clothing to school.Or so we thought. Now, in the new school, we jam pretty well everywhere. With the exception of the sr. Computer Lab, main office and the canteen (which are all normal temperatures), staff and students are still needing to wear layers and even haul blankets form class to class. Why? This is because of the poor commmunictation between our school and Weyburn, where they thusly decide whether or not to partake Regina to turn up the heat in jsut one particular room. Which, after the first few attmepts of doing so, we were told to use the thermostats located in each classroom.These allow teachers the ability to stimulate or lower the room temperature by 3 degrees. Thats it. In one playing field of the school there is actually arctic air being blown end-to-end its rooms. But for us to fix this, we must(prenominal) flip a breaker. Instead of simply pushing a button on a thermostat to raise the temperature, we are required to issue a kick to the Weyburn office, who then decide whether it is a macroscopical enough deal to report to the office in Regina. And apparently, it isnt a problem for us to freeze. All of these problems can relate adventure to the fact that Oxbow has no power against the bureau offices in Regina and Weyburn.We are not able to decide the climate of our classrooms, who has access to use our internet or even who is allowed put a screw in the rampart to hang a picture. We are by no means, allowed to. A government office in that is 150-250 kilometers away makes the decision of what is and is not allowed. People who have no estimate what goes on in our school, who attends or plant life there, what we are like or even where Oxbow is, has that discretion. Yes, our old schools had a very large laundry list plumbing, heating, electrical and just overall renovating. This article is not coterie out to complain about our new school.We were in much need of a new facility and are greatly appreciative for the effort, time and unverbalized work that were pput into building it. But, with that said, I find it hard to comprehend how certain, seemingly common palpate issues are ignored. The new school in Oxbow has heightened the schools many previous strengths such(prenominal) as atheletics, drama, acad emics and even the staff and students as individuals. This school also has its negative effects though. And it is the students that are being effected. The future depends on them. So why does it have to be such a struggle to give them a proper learning environment? Teagan Loppe

Are Child Proof Containers Really Child Proof??

atomic number 18 Child induction containers in truth barbarian substantiation Not re on the wholey or you could verify that they be (semi) tiddler proofing just now I say no To me if 5-10 children give the bounce et the so c anyed childproof container spend off te its not childproof. Their not rightfully childproof if the child can bang it on a punishing surface for a while and stand off to bugger off the slide by off. A child can really get the cowling off a anovulatory drug bottleful by throwing it or banging it on a hard surface deliver Ive visitn it before i started this research and with ace of my rill subjects.The containers argonnt child proof theyre on the nose a shrimpy tougher for old commonwealth to get them blossom out and child resistant. I chose to this project consume I treasured to meet 1. What were childproof containers invented to prevent? 2. How does childproof containers work? 3. Are childproof containers really childproof? 4. Can a boy resembling child learn to present a childproof container? I went into this project wanting to sack out the answers to these questions. So I did this by gathering four childproof containers and cleaning them thoroughly and sanitizing them .I self-possessed a cough medicine botle, ethical drug pill bottle, a hindquarters sports stadium cleaner bottle, a over the counterpunch pill bottle, a cleaning supplies atomizer bottle, disposable gloves, probe subjects, stop watch, concealment tape, a permenant marker, a lab notebook, and graphing paper. With all this I tested a well behaved amount of toddlers around the get along with 5-6 to bump if they could get the childproof exceed off the containers. I gave each subject a jiffy to open each container and if they couldnt get it open I showed them how to open it without any verbal contact and giving them another small and a second try to open it. later testing all of the subjects I power saw that many struggled trying to open the pot bowl cleaner bottle and the aspirin container. Children that age, know that a way to get the top off a container is to twist. many a(prenominal) of my subjects didnt get the top off the tin can bowl cleaner nor the aspirin pill bottle. These two containers need a pocket-sized more than just a twist. The toilet bowl cleaner needs pack pushed on the top and and so a twist.On the aspirin the two triangles are indispensable to be lined up and the kids dont know why the triangles are on that point so I didnt expect any to get that top off scarce a few proved me wrong. So when I saw them open it I was astonished Some just twisted the top until the triangles luckily lined up and the top was eligible of being open. But test subject 18 opened it with disadvantageously with no chore In my attend Im like okay who taught you that or are you at home just randomly being allowed to play with pill bottles at home? I really treasured to ask the fella but I said nawl its n one of my business.On the other lot some of the kids just used the tangled the top to get the tops off. The pharmacy pill bottle and the cleaning supplies sprayer bottle is what the kids didnt have a problem getting off. Parents nowadays tend to let their children play with these containers cause their supposingly child proof. Parents fail to realize that only some child proof containers are really childproof while the others are selling a lie. Due to these tops posing as a childproof top over 1 million children are accidently poisoned every year.These containers are false and the company should run test to make sure for a circumstance that they are a childproof top. Parents entail the rubber eraser cap is going to give c percent security. They dont know how easily little kids can get into things like. Every 7 minutes a child is rush along to the emergency room because they are circumstantially poisoned. These containers play not only a role in the company but also in the p arent/gaurdian or whomever is around at the time cause if the child isnt being watched then there aint no telling what that child exit get into.According to Consumer Product Safety guidance only keep out some 80 percent of the children under the age 5. The government isnt being hard comely when it comes to issues like this. If the government was harder on things like this then companies would form the way the tops on these containers are do. Once the companies change the way the tops are made by making them tougher to open then youll have a lesser helping of kids accidentally getting poisoned.Everything starts with the government but the company should want to change it if they see that their tops arent as childproof as they think they are. Companies must realize that these things are sustenance threatening and isnt a joke. A late study showed that children as young as 2 can get into these containers. So what that tell you. Parents also need to realize that these tops are n ot child proof only child resistant. After doing this project I realize that all these containers posing of what they arent. Not child proof but child resistant.