The United Kingdom and Proposed European Union Financial Transaction Essay

The United Kingdom and Proposed European Union Financial Transaction Tax - Essay Example This EU financial transaction tax is different from a bank levy. Regulators believe that the proposed policy has the potential to raise nearly 57 billion Euros per year. This proposal has been the topic of a hot debate across the European Union since its announcement in 2010 and it still remains controversial among the member states of the EU. This paper will critically appraise the statement that â€Å"The United Kingdom should drop its opposition to the proposed European Union Financial Transaction Tax. The benefits accrued from the introduction of such a tax far outweigh the drawbacks†. EU financial transaction tax The provision for creating a new financial transaction tax was proposed by the European Commission President Jose Barroso on 28th September 2011 with intent â€Å"to make the financial sector pay its fair share†2. He pointed out that the under-taxed financial segment generated 4.6 trillion Euros during the crisis. Ultimately, through this policy, the Europ ean Commission aims to raise direct revenues for the European Union. Ten of the EU member states already impose some forms of a financial transaction tax; and the proposal aims to harmonise different existing financial transaction tax rates. The proposed policy will be applicable if any party to the transaction is located in the EU. According to an initial study, the proposal may cover nearly 85% of the financial transactions between institutions like banks and insurance companies3. However, this proposal gives exception to transactions like house mortgages, loans to small scale enterprises, fund raising by enterprises, and spot currency exchange. This proposal requires institutions to pay proper tax rates to their country of residence irrespective of the location where actual trade has been taken place. In other words, no matter whether the transaction is taken place inside or outside the EU if any of the party to the transaction is a resident of EU. An official study conducted by the European Union reflects that a 0.01% tax would generate revenues between â‚ ¬16.4bn and â‚ ¬43.4bn per year and it respectively represents 0.13% to 0.35% of GDP. If the tax rate is raised to 0.1%, the revenues would be between â‚ ¬73.3bn and â‚ ¬433,9bn4. The European Commission claims that major portion of those revenues would directly go to the member states. With this policy, the Great Britain would earn approximately â‚ ¬10bn in additional taxes. The proposal allows the EU member states to increase their revenues by charging financial transaction taxes at a higher rate. Nations such as Germany, France, Spain, Finland, Belgium, and Australia support the EU FTT whereas countries like United Kingdom, Sweden, Bulgaria, and Czech Republic strongly oppose the proposal. Benefits of EU FTT The proposed financial transaction tax has a range of potential advantages. According to the European Parliament President, proposal would help EU cities and regions improve their r evenues5. Economists point out that EU regions and cities cannot survive with the current levels of revenues. In addition, existing taxation models are assistable for corporate giants to escape from paying national taxes. In this situation, the proposed taxation policy would be beneficial for cities and other regions to find a new source of revenue and thereby improve their operational efficiency. Unilateral cuts in public spending would adversely affect the economic activities of the EU. Therefore, improving

William Shakespeare and His Works Essay Example for Free

William Shakespeare and His Works Essay William Shakespeare was born on April 23, 1564 in the home of John Shakespeare and Mary Arden at Stratford-on-Avon. He was educated at the King Edward IV Grammar School in Stratford, where he learned Latin and a little Greek and read the Roman dramatists. At eighteen, he married Anne Hathaway, a woman seven or eight years his senior. Together they raised Susanna, who was born in 1583, and the twins Judith and Hamnet (who died in boyhood), born in 1585. He was an English poet and playwright, widely regarded as the greatest writer in the English language and the worlds pre-eminent dramatist. He is often called Englands national poet and the Bard of Avon. Between 1585 and 1592, he began a successful career in London as an actor, writer, and part owner of a playing company called the Lord Chamberlains Men, later known as the Kings Men. In 1594, Shakespeare joined the Lord Chamberlains company of actors, the most popular of the companies acting at Court. The Globe, which became the most famous theater of its time. With his share of the income from the Globe, Shakespeare was able to purchase New Place, his home in Stratford. Shakespeare produced most of his known work between 1589 and 1613. His early plays were mainly comedies and histories, genres he raised to the peak of sophistication and artistry by the end of the 16th century. He then wrote mainly tragedies until about 1608, including Hamlet, King Lear, Othello, and Macbeth, considered some of the finest works in the English language. In his last phase, he wrote tragicomedies, also known as romances, and collaborated with other playwrights. In 1623, John Heminges and Henry Condell, two friends and fellow actors of Shakespeare, published the First Folio, a collected edition of his dramatic works that included all but two of the plays now recognised as Shakespeares. Shakespeare was a respected poet and playwright in his own day, but his reputation did not rise to its present heights until the 19th century. The Romantics, in particular, acclaimed Shakespeares genius, and the Victorians worshipped Shakespeare. In the 20th century, his work was repeatedly adopted and rediscovered by new movements in scholarship and performance. His plays remain highly popular today and are constantly studied, performed, and reinterpreted in diverse cultural and political contexts throughout the world. In his poems and plays, Shakespeare invented thousands of words, often combining or contorting Latin, French and native roots. His impressive expansion of the English language, according to the Oxford English Dictionary, includes such words as: arch-villain, birthplace, bloodsucking, courtship, dewdrop, downstairs, fanged, heartsore, hunchbacked, leapfrog, misquote, pageantry, radiance, schoolboy, stillborn, watchdog, and zany. His extant works, including some collaborations, consist of about 38 plays, 154 sonnets, two long narrative poems, and a few other verses. Only eighteen of Shakespeares plays were published separately in quarto editions during his lifetime. He retired to Stratford around 1613 at age 49, where he died three years later. Superstitions during Shakespearean time Superstitions are irrational beliefs but a handful of them are actually still evident in our modern world. The superstitions that originated during the Elizabethan era were based on various beliefs and traditions. The historians opine that many of the traditional English customs were based on the myths and superstitions that date back to the Dark Ages. Ignorance and fear of the unknown, combined with a false conception of death resulted in many superstitions during the Elizabethan era. Shakespeare had made use of the superstitions regarding spirits and witchcraft that prevailed in the Elizabethan society in his plays Macbeth and Hamlet. Books by Shakespeare Romeo and Juliet The play begins with a large fight between the Capulet’s and the Montague’s, two prestigious families in Verona, Italy. Meanwhile, Romeo and Benvolio are accidentally invited to their enemy’s party. At the party, Romeo locks eyes with a young woman named Juliet. They instantly fall in love, but they do not realize that their families are mortal enemies. When they realize each other’s identities, they are devastated, Romeo sneaks into Juliet’s yard after the party and proclaims his love for her. She returns his sentiments and the two decide to marry. The next day, Romeo and Juliet are married Juliet’s mother, informs Juliet that she will marry a man named Paris in a few days. Juliet asks Friar Lawrence for advice. Friar Lawrence gives Juliet a potion which will make her appear dead and tells her to take it the night before the wedding. Juliet drinks the potion and everybody assumes that she is dead. Romeo assumes that his wife is dead. He rushes to Juliet’s tomb and, in deep grief, drinks a vial of poison. later, Juliet wakes to find Romeo dead and kills herself due to grief. Once the families discover what happened, they gather sufficient self-knowledge to correct their. Macbeth It is considered one of Shakespeare’s darkest and most powerful tragedies. Set in Scotland when its protagonist, the Scottish lord Macbeth, chooses evil as the way to fulfill his ambition for power. The play is believed to have been written between 1603 and 1607, Macbeth receives a prophecy from a trio of witches that one day he will become King of Scotland. Consumed by ambition and spurred to action by his wife, Macbeth murders King Duncan and takes the throne for himself. He is then forced to commit more and more murders to protect himself from enmity and suspicion. The bloodbath swiftly takes Macbeth and Lady Macbeth into the realms of arrogance, madness, and death. Othello Believed to have been written in approximately 1603, and based on the Italian short story Un Capuano Moro (A Moorish Captain) by Cinthio. The work revolves around four central characters: Othello, a Moorish general in the Venetian army; his wife, Desdemona; his lieutenant, Cassio; and his trusted ensign, Iago. Because of its varied and current themes of racism, love, jealousy, and betrayal, Othello is still often performed in professional and community theatres and has been the basis for numerous operatic, film, and literary adaptations. The Tempest Believed to have been written in 1610–11. The Tempest attained popularity only after the Restoration. It is set on a remote island, where Prospero, the rightful Duke of Milan, plots to restore his daughter Miranda He conjures up a storm, the eponymous tempest, to lure his usurping brother Antonio and the complicit King Alonso of Naples to the island. There, his machinations bring about the marriage of Miranda to Alonsos son, Ferdinand. The story draws heavily on the tradition of the romance, and it was influenced by tragicomedy and the courtly masque. It differs from Shakespeares other plays in its observation of a stricter, more organized neoclassical style. Twelfth Night Twelfth Night or, what you will is a comedy by William Shakespeare, believed to have been written around 1601–02 for the close of the Christmas season. The play expanded on the musical interludes and riotous disorder expected of the occasion Much Ado about Nothing Much Ado About Nothing is a comedic play by William Shakespeare thought to have been written in 1598 and 1599, as Shakespeare was approaching the middle of his Much Ado About Nothing chronicles two pairs of lovers: Benedick and Beatrice (the main couple), and Claudio and Hero (the secondary couple). Benedick and Beatrice are engaged in a very merry war; they are both very witty and proclaim their disdain of love. In contrast, Claudio and Hero are sweet young people who are rendered practically speechless by their love for one another career. The courtship between the wittier, wiser lovers Benedict and Beatrice is what makes Much Ado about Nothing so memorable. Benedick and Beatrice argue with delightful wit, and Shakespeare develops their journey from antagonism to sincere love and affection with a rich sense of humor and compassion. Benedick and Beatrice are tricked into confessing their love for each other. Dogberry, a Constable who is a master of malapropisms, discovers the evil trickery of the villain, Don John. In the end, Don John runs away and everyone else joins in a dance celebrating the marriages of the two couples. As You Like It It is a pastoral comedy by William Shakespeare believed to have been written in 1599 or early 1600 . The play features one of Shakespeares most famous and oft-quoted speeches The play remains a favorite among audiences and has been adapted for radio, film, and musical theatre. As You Like It follows its heroine Rosalind as she flees persecution in her uncles court, accompanied by her cousin Celia and Touchstone the court jester, to find safety and eventually, love, in the Forest of Arden. Julius Caesar Julius Caesar is a tragedy believed to have been written in 1599. It portrays the conspiracy against the Roman dictator Julius Caesar, his assassination and the defeat of the conspirators at the Battle of Philippi. It is one of several plays written by Shakespeare based on true events from Roman  history,. Although the title is Julius Caesar, Julius Caesar is not the most visible character in its action; and is killed at the beginning. The central psychological drama is Marcus Brutus’s struggle between the conflicting demands of honor, patriotism, and friendship. The Comedy of Errors The Comedy of Errors is one of William Shakespeares earliest plays. It is his shortest and one of his most farcical comedies, with a major part of the humor coming from slapstick and mistaken identity. The Comedy of Errors tells the story of two sets of identical twins that were accidentally separated at birth. Antipholus of Syracuse and his servant, Dromio of Syracuse, arrive in Ephesus, which turns out to be the home of the twin brothers, When the Syracusans encounter the friends and families of their twins, a series of wild mishaps based on mistaken identities lead to wrongful beatings, a near-seduction, the arrest of Antipholus of Ephesus, and false accusations of infidelity, theft, madness, and demonic possession.

John Stuart Mills Essay On Liberty -- John Stuart Mill On Liberty

John Stuart Mill's Essay On Liberty The main theme of on liberty was the individual. Everything else, society, education,government and so forth had their basis in the individuals rights to his own liberty. No one, no member of society, government, even God, if he appeared before an individual, could inforce his will upon him. That is not to say that you couldnt change someones mind through discussions, but instead, that no one had a right to force his views upon another. Your happiness is yours(individual) to enjoy without any infringements. Conversations between individuals or groups of individuals is essential in developing the notion of liberty. Mill claims that you should feel free to convey your views openly without forcing them onto others. After all, a man who learns from no one but himself has a fool for a teacher. There is however an exception to this rule. That is, if an individual in any way harms or comes onto anothers rights to liberty, or causes a social threat, hence he or she is subjected to forced inclinations by other members of society. For example, walking around nude on the streets of Cairo might be your cup of tea, alas, in Cairo they prefer coffee. In other words, if you offend other individuals, you are in fact infringing on their rights as free citizens who poses a sovereign mind. However if you choose to remain nude while in the comfort of your hotel room in Cairo, then there is no reason why you shouldn't....

Liability of Vessels for Collisions Caused at Sea: Case Study Essay

In the given case study a dispute will arise between the four parties to determine the liability of each vessel for multiple collisions caused at sea. In summary, the facts are that the Flipper was crossing the Britannia Straits traffic separation scheme but was not making proper use of the crossing points. The Willie, a bulk oil carrier which was adhering to the scheme, spotted the Flipper and foresaw the risk of collision so the captain issued a series of warnings. The Flipper ignored these warnings thinking she had enough time to pass. The Willie, realising she was being ignored made a turn for starboard creating a wash which capsized the Flipper and a nearby yacht. Moments later the Orca, which was insufficiently crewed and had faulty navigation equipment collided with the semi-submerged Flipper. The captain of the Orca refused salvage assistance thinking he could return the ship to the port for repairs himself. However, the vessel sunk before it could reach safety. In this essay I am going to advise all four parties as to their likely liability for the collision and the defences and counter claims available. In doing this I will make reference to the International Regulations for Preventing Collisions at Sea 1972 (hereafter referred to as the collision regulations) and the common and statute law regarding causation. By advising the parties according to these legal instruments they can determine their likely liability in court. I will start by establishing which vessels caused the collisions. It should be noted that although it was the misconduct of the crew members that led to the collision, the ship owner will still be held vicariously liable unless he can prove the acts of the crew constituted a ‘frolic of their own’, s... ... from its collision with the Flipper was still the operating cause of the sinking therefore the Flipper and the Willie must also bear some liability. In conclusion it is likely that the courts will apportion liability as such; the Flipper and the Willie will be found 80% and 20% liable respectively. However, if it is proved that the Willie acted on scanty radar information in breach of regulation 7(c) then the likely apportionment will be 50/50 as both vessels would equally be responsible for the collision. This is liability for damage caused to the Flipper, the Willie and the private yacht. The owners of the Orca are likely to take the bulk of responsibility for their own collision as the acts of the other vessels are far too remote for them to assume responsibility, liability is likely to be apportioned at 90% to the Orca and 10% between the Flipper and Willie.

Fall of Labor Unions

What do you think of when you hear the phrase â€Å"labor unions?† Most people associate a negative connotation with labor unions. They think that labor unions are the only cause of strikes and work stoppages. Most think that people in unions are greedy and will do anything to get more money. Others swear by their unions, saying that their employers would take advantage of them if they didn†t organize their unions. However as we prepare to enter the new millennium, labor unions are decreasing in size. Let†s look at some of reasons. First, the numbers are unmistakable. At the end of 1997, when the most recent count was made, only 14.1% of workers belonged to unions, the lowest percentage since 1936 (Gross 23). This is a dramatic decrease from when unions were at their height at the end of World War II when 35.3% of Americans were in unions (Galenson 13). One cause of this fall of union membership is the decline of manufacturing in America and the transfer of much manufacturing work over seas (Gross 24). Because of advances in technology and labor saving innovations, fewer people are required to make steel and assembler automobiles. As a result, only 16.1% of U.S. workers now work in factories, down from 22.8% twenty years ago (Aronwitz 2). There has also been a decrease in size of the large corporations, which in the past usually signed industry-wide contracts to produce a particular item. The latest figures show that the 800 largest firms employed 17% of the total workforce, down from 25.7% twenty years ago (Aronwitz 3). Many of these companies have their work done abroad. Nike does not make a single shoe in the United States and many insurance companies are having paperwork processed over seas (Hacker 45). At home corporate jobs are frequently assigned to temporary workers, who are often classified as â€Å"independent contractors† and are not very likely to join unions. Indeed, there are fewer long-term jobs, something union seniority could once guarantee. Last year, among men aged forty to forty-five, only 39.1% had worked ten or more years at their current job, compared with 51.1 percent in 1983 (Galenson 27). So, one might ask, what caused this to happen? At some point in the 1980s, the balance of power shifted against labor unions. Some say the defining moment was in 1981, when then-U.S. president Ronald Reagan forced an end to the bitter air traffic controllers' strike. Others point to the 1985 victory of then-British Prime Minister Margaret Thatcher over striking coal miners (Gross 239). Whatever the reason, unions are trying to make a comeback. There are several strategies that unions have devised to return to their former glory. Unions have adopted a more lenient attitude towards management, reducing the number of strikes to record lows in the 1980s and early 90s, and attempting to negotiate contracts providing job security for members (Gross 278). Unions have also placed greater emphasis on organizing drives for new members. Although unions have been very successful in organizing government employees, they have been less successful with recruiting office workers in the rapidly expanding services sector. However, during the last two decades, the wage advantage for unionized workers with private jobs has fallen by 44.1 percent, although the public sector has increased by 9.5 percent (Maguire 20). Currently, 41.9% of union members are from the public sector. Among the most strongly unionized occupations are firefighters (71.6%), flight attendants (69.4%), and high school teachers (56.1%). Only 28.6 percent of coal miners belong to unions and only 19.5% of truck drivers (Hacker 47). Despite all of the downsides of unions they do have their benefits. Here are a few examples of salaries secured through collective bargaining by highly trained professionals: Pilots with only fifteen years of service at Northwest, American, United, and US Airways now earn on average over $175,000 a year. Professors at New York City University can now get as much as $101,655 for twenty-eight weeks of teaching. Under the current National Basketball Association contract, first year players-some of them right out of high school-will start at $300,000 (Hacker 48). The recent NBA lockout has shaped many peoples† opinions on labor unions. Most people, myself included, thought that it was ridiculous for these people to be having a labor dispute. The players are already making an insane amount of money and the owners are millionaires themselves looking to add to their pocketbooks also. The real losers in this battle are the fans who love the game. They cannot see their favorite players in action because of this dispute. This just goes to show you that labor markets affect us in our everyday lives. Another way labor unions can affect our lives is when they decide to strike. This can effect hundreds, even thousands of workers in the General Motors strike in 1998. In the case with the automobile industry, many factories are involved in the production of their cars. If even one of these factories strikes then the other factories must also shut down. This chain reaction can render thousands of workers jobless in just a few weeks. The union members know that there is always a potential risk of striking as accept as part of their job. What role will unions play in the future? Will they ever return to former glory? Nobody knows for sure. Economists have mixed feeling on this matter. Some say that the workers of the twenty-first century will demand a return to the unions and organize in record numbers. Others say that the current trend will prevail and almost wipeout unions completely until there are only a handful of them remaining. My opinion is that unions will stick around for as long as people are working. They will be there to protect the rights of the individual worker and make sure that he or she is treated fairly.

Free Essays on Morris’ Use Of Disillusionment In The Haystack In The Floods

Fear, hopelessness, suffering and finally detachment take hold of our protagonist, Jehane, in William Morris’ â€Å"The Haystack in the Floods.† Being put through a slow and tedious journey that ends in trauma, Jehane will fall through all of the stages of disillusionment. An analysis and explanation of these stages will be made to argue the wonderful use of this disillusionment. In the lines â€Å"Had she come all the way for this, / To part at last without a kiss?†(1-2) and â€Å"That her own eyes might see him slain/ Beside the haystack in the floods?†(4-5) Morris uses the method of antypophora, the use of a question and answer to foreshadow events to come. In the next stanza Jehane recounts the trials of their journey. Jehane is introduced as a loyal lover following her knight even though she is exhausted and fearful of the situation at hand. â€Å"She rode astride as troopers do; With kirtle kilted at her knee, To which the mud splash’d wretchedly; And the wet dripp’d from every tree Upon her head and heavy hair, And on her eyelids broad and fair; The tears and rain ran down her face.† (8-14) Morris uses the dismal darkness of the rain and the hiding of her tears to show her strength as a person. However, her strength is beginning to dwindle. â€Å"Ah me! she had but little ease; And often for pure doubt and dread She sobb'd, made giddy in the head By the swift riding; while, for cold, Her slender fingers scarce could hold The wet reins; yea, and scarcely, too, She felt the foot within her shoe Against the stirrup: all for this, To part at last without a kiss Beside the haystack in the floods.† (22-31) The numbness of Jehane’s hands and feet represent the mental pain she is enduring. Because she can’t feel her hands she struggles to hold on to the reigns. This is a foreshadowing her inability to hold her sanity in later stanzas the work. Her personal weakness momentarily showing through invok... Free Essays on Morris’ Use Of Disillusionment In The Haystack In The Floods Free Essays on Morris’ Use Of Disillusionment In The Haystack In The Floods Fear, hopelessness, suffering and finally detachment take hold of our protagonist, Jehane, in William Morris’ â€Å"The Haystack in the Floods.† Being put through a slow and tedious journey that ends in trauma, Jehane will fall through all of the stages of disillusionment. An analysis and explanation of these stages will be made to argue the wonderful use of this disillusionment. In the lines â€Å"Had she come all the way for this, / To part at last without a kiss?†(1-2) and â€Å"That her own eyes might see him slain/ Beside the haystack in the floods?†(4-5) Morris uses the method of antypophora, the use of a question and answer to foreshadow events to come. In the next stanza Jehane recounts the trials of their journey. Jehane is introduced as a loyal lover following her knight even though she is exhausted and fearful of the situation at hand. â€Å"She rode astride as troopers do; With kirtle kilted at her knee, To which the mud splash’d wretchedly; And the wet dripp’d from every tree Upon her head and heavy hair, And on her eyelids broad and fair; The tears and rain ran down her face.† (8-14) Morris uses the dismal darkness of the rain and the hiding of her tears to show her strength as a person. However, her strength is beginning to dwindle. â€Å"Ah me! she had but little ease; And often for pure doubt and dread She sobb'd, made giddy in the head By the swift riding; while, for cold, Her slender fingers scarce could hold The wet reins; yea, and scarcely, too, She felt the foot within her shoe Against the stirrup: all for this, To part at last without a kiss Beside the haystack in the floods.† (22-31) The numbness of Jehane’s hands and feet represent the mental pain she is enduring. Because she can’t feel her hands she struggles to hold on to the reigns. This is a foreshadowing her inability to hold her sanity in later stanzas the work. Her personal weakness momentarily showing through invok...

Hammerhead Sharks essays

Hammerhead Sharks essays The Hammerhead Shark is part of the phylum Chordata, subphylum Vertabrata, class Chondrichthyes, order Selachii, family Sphyrinidae. There are eight or nine species of Hammerheads (Sphyrina couardi was added to the Sphyrina lewini genus), which are the Bonnethead (Shovelhead), Sphyrina tiburo, the Scalloped Hammerhead, Sphyrina lewini, the Winghead, Eusphyra blochii, the Common Hammerhead, Sphyrina zygaena, the Scoophead, Sphyrina media, the Whitefin Hammerhead, Sphyrina couardi, the Smalleye Hammerhead, Sphyrina tudes, the Scalloped Bonnethead, Sphyrina corona, and the Great Hammerhead, Sphyrina mokarran. Of all sharks, the Hammerhead definitely stands out. The Hammerhead is one of the oddest looking sharks. It has hammer-like projections on either side of its head. Some scientists think the hammer lets the shark get more lift when swimming, but no one has proved it. Another theory is that the hammer gives more space for sensory organs. Hammerheads are grayish, with a few variations, in color. They have rough, sandpaper like skin. They have an eye and nostril at each end of the hammer. They have sharp teeth in the front of their mouth for ripping and tearing and molars for crushing shells in the back. They swing their heads side to side when they swing to get a good view of their surroundings. Other than the hammer, the shark looks like most other sharks, with two pectoral fins, a dorsal fin, two pelvic fins, two tiny fins before the tail, and a vertical tail. Hammerhead sharks grow between to 5 to 20 feet. The smallest is the Bonnethead at 5 feet, the largest the Great Hammerhead at 20. Hammerhead sharks live throughout the world. They live in warm, tropical and temperate waters, staying near the coast. Some live in brackish water where rivers meet the oceans on coasts. Hammerhead schools often swim near underwater peaks and other features. The farthest north they range is about Newfoundland. Some species of Hammerhead...

10 Facts About Adolf Hitler

10 Facts About Adolf Hitler Among the world leaders of the 20th century, Adolf Hitler is the most notorious. The founder of the Nazi Party, Hitler is responsible for starting  World War II and unleashing the genocide of the Holocaust. Although he killed himself in the waning days of the war, his historical legacy continues to reverberate in the 21st century. Learn more about Adolf Hitlers life and times with these 10 facts. A Surprising Artistic Dream Throughout his youth, Adolf Hitler dreamed of becoming an artist. He applied in 1907 and again the following year to the Vienna Academy of Art but was denied admission both times. At the end of 1908, his mother, Klara Hitler died of breast cancer, and Adolf spent the next four years living on the streets of Vienna, selling postcards of his artwork to survive. Parents and Siblings Bettmann/Getty Images Despite being so readily identified with Germany, Adolf Hitler wasnt a German national by birth. He was born in Braunau am Inn, Austria, on April 20, 1889, to Alois (1837–1903) and Klara Hitler (1860–1907). The union was Alois Hitlers third. During their marriage, Alois and Klara Hitler had five other children, but only their daughter  Paula (1896–1960) survived to adulthood. Soldier in World War I Hulton Archive/Getty Images As nationalism roiled Europe, Austria began conscripting young men into the military. To avoid being conscripted, Hitler moved to Munich, Germany, in May 1913. Ironically, he volunteered to serve in the German army once World War I began. During his four years of military service, Hitler never rose higher than the rank of corporal, though he was decorated twice for valor. Hitler sustained two major injuries during the war. The first occurred at the Battle of the Somme in October 1916 when he was wounded by shrapnel and spent two months in the hospital. Two years later, on Oct. 13, 1918, a British mustard gas attack caused Hitler to go temporarily blind. He spent the remainder of the war recuperating from his injuries. Political Roots Like many on the losing side of World War I, Hitler was furious at Germanys capitulation and the harsh penalties that the Treaty of Versailles, which officially ended the war, imposed. Returning to Munich, he joined the German Workers Party, a small right-wing political organization with anti-Semitic leanings. Hitler soon became the partys leader, created a 25-point platform for the party, and established the  swastika  as the partys symbol. In 1920, the partys name was changed to National Socialist German Workers Party, commonly known as the  Nazi Party. Over the next several years, Hitler often gave public speeches that gained him attention, followers, and financial support. An Attempted Coup Motivated by the success of Benito Mussolinis seizing power in Italy in 1922, Hitler and other Nazi leaders plotted their own coup in a Munich beer hall. In the overnight hours of Nov. 8 and 9, 1923, Hitler led a group of about 2,000 Nazis into downtown Munich in a putsch, an attempt to overthrow the regional government. Violence broke out when police confronted and fired upon the marchers, killing 16 Nazis. The coup, which came to be known as the Beer Hall Putsch, was a failure, and Hitler fled. Apprehended two days later, Hitler was tried and sentenced to five years in prison for treason. While behind bars, he wrote his autobiography, Mein Kampf  (My Struggle). In the book, he articulated many of the anti-Semitic and nationalist philosophies he would later make policy as German leader. Hitler was released from prison after only nine months, determined to build up the Nazi Party in order to take over the German government using legal means. The Nazis Seize Power German President Paul von Hindenburg (left) in a car with Nazi leader and Chancellor of Germany, Adolf Hitler in Berlin, 1st May 1933. Culture Club/Getty Images Even while Hitler was in prison, the Nazi Party continued to participate in local and national elections, slowly consolidating power throughout the rest of the 1920s. By 1932, the German economy was reeling from the Great Depression, and the ruling government proved unable to quell the political and social extremism that roiled much of the nation. In the July 1932 elections, just months after Hitler became a German citizen (thus making him eligible to hold office), the Nazi Party obtained 37.3 percent of the vote in national elections, giving it a majority in the Reichstag, Germanys parliament. On Jan. 30, 1933, Hitler was appointed chancellor. Hitler, the Dictator On Feb. 27, 1933, the Reichstag burned under mysterious circumstances. Hitler used the fire as an excuse to suspend many basic civil and political rights and to consolidate his political power. When  German President  Paul von Hindenburg  died in office on Aug. 2, 1934,  Hitler took the title of fà ¼hrer and Reichskanzler (leader and Reich Chancellor), assuming dictatorial control over the government.   Hitler set about rapidly rebuilding Germanys military, in clear defiance of the  Versailles Treaty. At the same time, the Nazi government began swiftly cracking down on political dissent and enacting an ever-harsher series of laws disenfranchising Jews, gays, the disabled, and others that would culminate in the Holocaust. In March 1938, demanding more land for the German people, Hitler annexed Austria (called the Anschluss) without firing a single shot. Not satisfied, Hitler agitated further, eventually annexing Czechoslovakias western provinces. World War II Begins Adolf Hitler plans military strategy at the German Army Headquarters, circa 1940. Keystone/Getty Images Emboldened by his territorial gain and new alliances with Italy and Japan, Hitler turned his eyes east to Poland. On Sept. 1, 1939, Germany invaded, quickly overrunning Polish defenses and occupying the western half of the nation. Two days later, Britain and France declared war on Germany, having pledged to defend Poland. The Soviet Union, having signed a secret nonaggression treaty with Hitler, occupied eastern Poland. World War II  had begun, but the real fighting was months away. On April 9, 1940, Germany invaded Denmark and Norway; the following month, the Nazi war machine crossed through Holland and Belgium, attacking France and sending British troops fleeing back to the U.K. By the following summer, the Germans seemed unstoppable, having invaded North Africa, Yugoslavia, and Greece. But Hitler, hungry for more, made what would eventually be his fatal mistake. On June 22, Nazi troops attacked the Soviet Union, determined to dominate Europe. The War Turns The Japanese attack on Pearl Harbor on Dec. 7, 1941, drew the U.S. into the world war, and Hitler responded by declaring war on America. For the next two years, the Allied nations of the U.S., the U.S.S.R., Britain, and the French Resistance struggled to contain the German military. Not until the D-Day invasion of June 6, 1944, did the tide truly turn, and the Allies began to squeeze Germany from both east and west. The Nazi regime was slowly crumbling from without and within. On July 20, 1944, Hitler barely survived an assassination attempt, called the July Plot, led by one of his top military officers. Over the following months, Hitler assumed more direct control over German war strategy, but he was doomed to failure. The Final Days In his last official photo, Adolf Hitler leaves the safety of his bunker to award decorations to members of Hitler Youth. Keystone Features/Getty Images   As Soviet troops neared the outskirts of Berlin in the waning days of April 1945, Hitler and his top commanders barricaded themselves in an underground bunker to await their fates. On April 29, 1945, Hitler married his long-time mistress, Eva Braun, and the following day, they  committed suicide together  as Russian troops approached the center of Berlin. Their bodies were burned on grounds near the bunker, and the surviving Nazi leaders either killed themselves or fled. Two days later, on May 2, Germany surrendered.

German History Coursework Example | Topics and Well Written Essays - 750 words

German History - Coursework Example Other aspects of Romanticism included basic education, natural science and political impact. There are a number of reasons that led to the emergence and development of Romanticism in Germany as outlined below. (a) Increase in the interest in foreign literature and philosophy after the 1800. The Germans were eager to get in touch with literary works from other countries such as the United States and other European countries. (b) Romanticism was regarded in Germany as a form of human philosophy. This is because it elevated the right of individual at the center of every activity as well as promoting general respect for human capabilities in the country. Industrial Revolution was greatly picking up in Germany so Romanticism emerged as a way of advocating for human rights and speaking against the ever rising materialism in the country. (c) Increased dissatisfaction with the inadequacy witnessed in spirituality by the existing religions led to the rise of Romanticism. Some people in Germany felt that the void could only be filled by art and visual expressions (Hagen, 36) Hannah is a German born writer and a political theorist. She was lived in the period between 1906 and 1975. She has been described as a great philosopher who declined the title on the grounds that the term is mainly concerned with men and instead she opted to be referred as a political theorist. Her works mainly majored on the nature of power, democracy in the current world, political subjects, totalitarianism and authority at various levels. The Hannah Arendt prize has been named in her honor and to commemorate her great contributions. Some of her books include The Origins of Totalitarianism which gave an account of the origin and emergence of Nazism and Stalinism. The human condition was her most influential work that focused on politics, society and various theories developed by other earlier scholars on labor and politics.

Key Areas of Management Practices Essay Example | Topics and Well Written Essays - 1500 words

Key Areas of Management Practices - Essay Example This paper discusses that unhealthy diet, lack of gender sensitivity and cultural unawareness constitute the significant challenges in the prisons. Various task force reports indicate that they lack essential practices including managing diversity and different age groups, ethical principles, planning and resource allocation. Hence, prisons should incorporate the key areas of governance, good leadership, proper planning, stakeholder analysis, performance measurement, improvement, and resource management.As the paper highlights competent management of the institutions requires incorporation of sound governance principles. Governance entails the broad areas of recognizing the special needs stakeholders and employees of an organization. In the context of prison and other institutions, the governance encompasses awareness of the special needs of the various categories of the inmates including the young, aged and women. The elderly inmates need special care regarding the health and physic al capability. Therefore, the facilities should assess and identify the ailments, for instance, persons with acute memory impairment. A comprehensive governance approach responds by formulating special care that respects the inmates’ status. Besides, the elderly persons require extra equipment like the new attires for hygiene purposes. Good governance of the prisons incorporates the appreciation of the gender differences and perceptions.  

Options for Lords reform Essay Example | Topics and Well Written Essays - 7000 words

Options for Lords reform - Essay Example this initiative there would be only a mere ninety-two hereditary Peers in the House of Lords and that too by election from within the large number of old Hereditary Lords. The House of Lords would then be dominated by appointed Peers and the hereditary Peers a mere rump of their size in days gone by. This situation would only last till the contemplated second phase of reforms of the House of Lords was finalised. It is this second phase of the reform of the House of Lords that becomes significant, for it means choosing from one of the many options that are present for the reform of the House of Lords. The Saxon Kings in the eleventh century consulted a council called the Witans on important issues. Religious leaders, magnates and ministers of the King attended the Witans. By the thirteenth century the attendance in these councils grew to include representatives of counties, cities and boroughs. However, in a true sense the House of Lords finds in origins in the fourteenth century, when these royal advisers were divided into commoners and lords. (History: How the Lords evolved). Shire and borough representatives were termed as commoners and made up the Commons, while the religious leaders termed Lords Spiritual and the magnates termed Lords Temporal came to be known as the Upper House. Thus two clearly distinct houses came into existence. By the fifteenth century the membership of Lords Temporal started becoming a male domain and hereditary by nature and the role of the monarch in the choice of the members diminishing, as they were summoned by writ. The term peers started being ap plied to the Lords Temporal and though equal there emerged five ranks namely Duke, Marquess, Earl, Viscount and Baron. The sixteenth century brought changes to the attendance of the Lords Spiritual in the House of Lords. Till 1539 when the suppression of the monasteries took place the Lords Spiritual were made up of bishops, abbots and priors. Subsequent to 1539 only bishops made up the

Patient Safety Indicators and Accountable Care Organizations Research Paper - 1

Patient Safety Indicators and Accountable Care Organizations - Research Paper Example However, the standards of these services and patient safety vary from country to country. First world countries that have developed economies have better working strategies to increase patient safety, while third world countries and developing economies struggle with their budgets to come to terms with the safety standards. Patient safety indicators Agency for healthcare research and quality came up with patient safety indicators to identify the potentiality of hospitals to offer best patient safety standards. The administration develops indicators that protect the well being of patients in the institution. Institutions itself has an obligation to provide necessary systems for patient safety in areas of infection control (Fitzpatrick, 2006). Errors that are to be avoided include problems in practice, substandard products, mistaken procedures and faulty systems. The development of patient safety indicators will advance the safety plans in any institution as the patient safety indicato r identifies instances in which a complication of care happened in a specified period of time in the medical facility. Patient safety indicators are generally developed to increase professionalism and avoid problems that may occur during procedures in treating patients. For instance, machines and equipment are given a check up each and every time before being used in treating a patient. They are also given unaesthetic treatment to avoid the transfer of communicable diseases from patient to patient. Similarly, the products and medicine used are certified by the bureau of standards making sure they are fit to be used by patients. Counterfeit products increase the chances of patients losing their lives and having adverse complications. Training and courses offered to medical practitioners are done from time to time to avoid mistaken procedures on patients or problems in practice. For example, there was a case where two theatre patients were mistakenly taken to wrong theatre rooms. One was to be operated a hind limb and the other a front limb but since they could not talk the doctors ended up working on the wrong parts. The additional education prepares the medical workers acquire enough skills in offering the services. Hospitals have acquired a four-step process in evaluating a medical staff’s patient safety indicator. This determines if the worker is fit to work or given more time to train to certify the requirements. The candidate is first given a literature review examination to establish language understanding and communication. Workers who have good communication skills have a potency of understanding what the patients need and are comfortable with. The second part is evaluating the candidate by clinical panels. The clinical panels have a reasonable amount of time with the candidate to establish his or her medical understanding and how to help patents when need arises. The candidate is then given a review by experts and professionals in the medical se ctor. The candidate is tested on the professional tips of the sector and the steps to follow in case a patient has certain complications. Finally, the candidate is given an empirical analysis for completion of the test. The candidate is expected to have a reputable score so as to pass the patient safety indicator. The extensive empirical evaluation and administrative data based algorithms have increased the

Little Red Riding Hood Assignment Example | Topics and Well Written Essays - 500 words

Little Red Riding Hood - Assignment Example In the modern version, the girl finds herself in the woodland after sneaking from her grandmother’s cottage to taste strange fruits and wild berries. The girl in the traditional version of the story appears to experience anxiety after meeting the wolf, but sojourns on to reveal her identity and whereabouts of her grandmother, an action that later costs her dearly while in the modern version, the girl spots the wolf, instantaneously falls in love with him and runs to catch it just to spend jiffies together. Whereas in the traditional version it is the girl who admires the beauty of the imposed grandmother, in the other version it is the wolf that admires the physique of the girl. Unlike in the traditional version, the modern tale allows the grandmother and the girl to live after meeting the wolf; the girl enjoys life with the wolf, giving birth to Leroi, the first Loup. Noteworthy, a clear analysis and interpretation of the two stories indicate that the stories are the same. The main character remains the same. The aforementioned differences arise due to changes in time, culture and geographical location of the writers. The events have been slightly altered to suit or portray the differences in cultures, landscape, and time and the need to make it easy and relaxing for the audience to relate it to their real experiences. The second version seems to have been developed from the first version. Apparently, I used context, flow of events, and themes to establish the level of difference and sameness in the two versions of the story. The context of the story remains same; an untarnished consideration of the stories designate that the forest and village are an imperative setting. I further considered how the story unveils, for instance, how the girl meets the wolf and how the end is designed. Additionally, I considered the themes of disclosure of identity and the girl’s growth to adulthood. Therefore, using

Patient Safety Indicators and Accountable Care Organizations Research Paper - 1

Patient Safety Indicators and Accountable Care Organizations - Research Paper Example However, the standards of these services and patient safety vary from country to country. First world countries that have developed economies have better working strategies to increase patient safety, while third world countries and developing economies struggle with their budgets to come to terms with the safety standards. Patient safety indicators Agency for healthcare research and quality came up with patient safety indicators to identify the potentiality of hospitals to offer best patient safety standards. The administration develops indicators that protect the well being of patients in the institution. Institutions itself has an obligation to provide necessary systems for patient safety in areas of infection control (Fitzpatrick, 2006). Errors that are to be avoided include problems in practice, substandard products, mistaken procedures and faulty systems. The development of patient safety indicators will advance the safety plans in any institution as the patient safety indicato r identifies instances in which a complication of care happened in a specified period of time in the medical facility. Patient safety indicators are generally developed to increase professionalism and avoid problems that may occur during procedures in treating patients. For instance, machines and equipment are given a check up each and every time before being used in treating a patient. They are also given unaesthetic treatment to avoid the transfer of communicable diseases from patient to patient. Similarly, the products and medicine used are certified by the bureau of standards making sure they are fit to be used by patients. Counterfeit products increase the chances of patients losing their lives and having adverse complications. Training and courses offered to medical practitioners are done from time to time to avoid mistaken procedures on patients or problems in practice. For example, there was a case where two theatre patients were mistakenly taken to wrong theatre rooms. One was to be operated a hind limb and the other a front limb but since they could not talk the doctors ended up working on the wrong parts. The additional education prepares the medical workers acquire enough skills in offering the services. Hospitals have acquired a four-step process in evaluating a medical staff’s patient safety indicator. This determines if the worker is fit to work or given more time to train to certify the requirements. The candidate is first given a literature review examination to establish language understanding and communication. Workers who have good communication skills have a potency of understanding what the patients need and are comfortable with. The second part is evaluating the candidate by clinical panels. The clinical panels have a reasonable amount of time with the candidate to establish his or her medical understanding and how to help patents when need arises. The candidate is then given a review by experts and professionals in the medical se ctor. The candidate is tested on the professional tips of the sector and the steps to follow in case a patient has certain complications. Finally, the candidate is given an empirical analysis for completion of the test. The candidate is expected to have a reputable score so as to pass the patient safety indicator. The extensive empirical evaluation and administrative data based algorithms have increased the

Hotel energy management Essay Example | Topics and Well Written Essays - 3000 words

Hotel energy management - Essay Example We can ask the staff to be less friendly and visible or the reverse,'' he said. (Thomasson, 1) ''The changes must be small. If you were making changes every day it would be too disruptive.'' (Thomasson, 1)The stylish new facility has self-service tills that allow diners to scan their lunch while they and their trays are being weighed by a set of scales built into the floor. From a control room, researchers can direct cameras built into the ceiling of the restaurant to zoom in on individual diners and their plates. These are just a few examples of the way state of the art facilities can lighten up the customer world and add to the competitive edge. One must keep in mind that Australia attracts people from different parts of the globe. To understand the particularities of taste and comfort it becomes imperative that a detailed research support system is created to keep the hostel industry up to date. It becomes necessary for state of the art facilities to strike a balance between the t raditional and the modern, this fine balance is the key to competitive advantage in the market. (Fletcher, 188) Today's hot technology topics, including e-commerce, wi-fi, electronic payment systems, Web site design, data security, and identity theft have to be included in any discussion on technology and the way it influences the hospitality industry. The new age customer even while unwinding wants to be connected to the technological appendages it carries during the ordinary work hours. Moreover the level of comfort is often measured by the smooth functioning of the technology that a particular hotel is able to provide. One important aspect is to not make the technology involved overtly perceptible. It is important to keep the intricacies of the technology covered by a gloss of easy comfort. (Deb, 323) 2. New facilities will involve require substantial investments by hotel. How would you justify making such an investment The rate of technological input is directly proportional to the revenue generation. Investment must be and should be justified because of the competitive advantage state of art customer facilities will bring and the edge that technological inputs herald. Investment has to be put in context of the overall customer behavior pattern and the society at large. A society that breathes and lives on the micro physics of technological pervasiveness cannot imagine its hospitality industry to be devoid of the technological drive that characterizes the broader society. Profits from the hospitality industries will only start to assume substantial proportions once the technology and the comparative advantage are welded together to create an

Kevin Stevenson retires as AASB Chair Essay Example for Free

Kevin Stevenson retires as AASB Chair Essay This article is concerned with the accomplishments and achievements of Kevin Stevenson upon his retirement as the Chairman of the Australian Accounting Standards Board on 30th June 2014. During his tenure, Kevin Stevenson ensured that the long traditions of financial reporting were upheld both internationally and domestically and also provided counsel on issues concerning the FRC. Mr. Stevenson was an example of pioneer standard setters for generations down the line as he was among the founding members of the Accounting Standards Advisory Forum of the International Accounting Standards Board. Through his leadership, the AASB’s Research Centre was established as Stevenson served the Asian-Oceanian Standard Setters Group’s chair. His main focus was to work in the interest of the public, as stated by Lynn Wood, the FRC’s chair and trustee of the IFRS Foundation. In concurrence is Ian Mackintosh, the former Chair of the PSASB of Australia and Deputy Chair of IASB. According to Mackintosh, Stevenson largely contributed in the moves by Asia countries like Nepal and Korea to the IFRS. From the onset of the 1970s, Mr. Stevenson’ attention was driven towards setting ‘principal based’ standards and developing a Conceptual Framework to be used in financial reporting. He advocated for accounting regulations as evidenced by his association with the Accounting Research Foundation and later on watched over the growth of the AARF upon being appointed its Director. He was at the forefront of setting the international pace in the development of com mon accounting standards for both the public and the private sectors. Stevenson largely contributed to the formation of the Public Sector Accounting and also played a significant role in the establishment of the stable platform of International Financial Reporting Standards in 2005 for adoption in Australia and the entire Europe. Concepts, ideas and facts                      Teamwork and leadership are two important components that must be in alignment so as to provide effective high quality and efficient accounting services. A strategic human resource management model provides guidance to accounting teams and leaders to deliver high-quality services in a timely manner. Accounting operates within a performance measurement that tolerates no errors. Therefore, a state-of-the-art investigation requires scientific leadership working with major stakeholders as a team to provide the best accounting services to a fraud investigation. The new techniques of accounting are significant steps in the right direction and they require leaders with skills and business tools to apply concepts such as efficiency, cost benefit analysis, economies of scale and cost-effectiveness analysis that will measure continuous improvement on a regular basis. Effective leadership is needed to develop, design and implement a solution that would resolve the core competency of an organization. Strategic leadership in accounting provides quality and timely accounting services to a company. Such leadership like that o Stevenson brings together a fragmented system consisting of thousands of accountants working within a fragmented system of organizations. Effective teamwork and leadership in accounting shows the way through the development of new innovative fraud investigations for the future. Leaders in positions like that of Stevenson are encouraged to consider both the social and moral implications of their decisions with regard to how their decisions will affect the clients and shareholders of the company. It is the ethical responsibility of every employee to ensure their company does not illegally evade income taxes or allow questionable deductions. They should ensure that the company finds are allocated to the appropriate activities based on their importance and determine the important elements of the business. The accounting issue                      One major way of improving the confidence in financial reporting and accounting is to ensure that there is improvement in ethical standards, reporting mechanisms, strengthening of governance and adequacy of financial management. It is ethical to maintain the right to the truth while practicing accounting and financial reporting. Those who use financial statements have the right to accurate and truthful information when engaging in investment strategies. Clients have a legal right to receive competent and professional services from accountants who have a legal obligation to perform their responsibilities within the constraints of their skills. It is often argued that most accountants lack ethical ability to recognize and solve ethical dilemmas. This has necessitated the need to include ethics education as a major component of the accounting profession. The development of professional ethics and values should be initiated early in the accounting profe ssion and be emphasized throughout the career. Major issue of the article                      Stevenson clearly shows that it is the responsibility of management to serve the best interests of the company that they are providing auditing and accounting services for, investors and society as a whole. This can be done by providing truthful and accurate financial records. Ethical guidelines require that management should be honest, concise, accurate and complete while recording financial data to ensure ethics are held to the highest degree. It is also the duty of every employee to make wise, informed decisions about the future of a company. These accounting standards are useful in financial reporting and accounting as they are processes that are currently under a great deal of scrutiny. The two are important functions that organizations should take care of and ensure that they exhibit a high code of ethics. This is because clients and shareholders use accounting and financial reports in their decision making process. Legal and ethical issues ar e important elements of financial reporting and accounting as has been demonstrated by the positions assumed by Mr. Stevenson. These issues prompted Stevenson to establish financial reporting and accounting departments to set up specific sets of rules that govern the functioning of any organization. Relevant topics and theories                      The long traditions of financial reporting applied Positive Accounting theory by focusing on various aspects that are of major interest to accounting techniques and the issues that provided an informative background and the gives in depth details of the functionality of accounting in financial reporting. Positive Accounting gives a holistic description of what is currently unknown and proposes future considerations. Financial reporting and accounting apply to any economic entity relating to the company’s future business. The major ethical elements involved are objectivity, competence, independence and integrity. These ethical elements require that accountants and financial reporters are independent of the clients to whom they provide financial and accounting services. Ethical obligations help to determine the effectiveness of accounting and financial report and redress any imbalance that may alter information symmetry. The move by Nepal and K orea followed the ethical guidelines of financial reporting and never let the desire for a better living and acquiring more possession get in the way of their financial obligations. It is ethical for any employee of the accounting or financial department working in the public or private sector to remain loyal and impartial to ethical obligations when reviewing both individual and financial reports. It is usual for one to encounter various ethical issues and it is therefore important for one to remain vigilant to resist temptations to manipulate financial records that could violate ethical guidelines. Transparency and integrity are important ethical elements of normative accounting theory. Some companies may receive pressure from management to maintain a certain public image. This is because some public companies have the burden of succeeding at high levels and it becomes an ethical issue for them to maintain true reports of the company assets, profits and liabilities without succumb ing to the pressure from management. It is unethical for management to alter the financial records of its company and manipulate the numbers to create a false image of the success of the company. This only leads to prosperity in the short term since such fraud cases are discovered by the Securities and Exchange Commission ultimately spelling the downfall of the company. For these reasons, accounting theories assert that companies must remain ethically vigilant to avoid breaching the code of conduct. High standards of ethical behavior are expected for those people engaging in accounting and financial reporting. These standards provide rules and guidance to employees in the performance of their professional obligations. Poor decision making by management based on faulty or manipulated financial records aimed at deceiving the public about a company’s financial health has negative consequences on the business. It is therefore unethical for management to overlook such behavior. Gi ven how tempting it is for companies to manipulate their financial records in order to portray an image of economic health, management should provide the last defense possible to prevent accounting fraud. In comment letter 1, the Financial Reporting Committee of the IMA wrote to express its views on financial accounting standards on simplification of the income statement presentation through the elimination of the concept of extraordinary items. The FRC is in charge of several accounting books of different companies this in essence means that they are charged with the responsibility of making timely responses to statements, pronouncements, research legislations, proposals and pending legislations. Their main concern in this letter is the complex nature of financial statements in FASB comment letters. They support the simplication initiative adopted by the board as regards to making the financial statements easier to understand by the common folk CITATION Sch l 1033 (Schroder, 2014). Their support is on the elimination of elimination of extra ordinary items as in most times this criterion is not always met. Their proposal thus rids of the tedious work in the preparation of financial documents and whether this requirement is met by auditors in the process of doing their work. Their support is based on the fact that it reduces to a great extending the complex nature of the time for the allocation of the provision of income tax by reducing the occurrence of other income items occurring. They thus advocate for a thorough examination of the details of this suggested proposal CITATION Sch l 1033 (Schroder, 2014). In comment letter number 2, Marcum Accountants and Advisors write to the FASB regarding the proposed accounting standards through the simplification of the income statement by elimination of the concept of extraordinary items. Their letter is generally a response to several questions regarding the process of simplification of the income statement. They support the concept of elimination of extra ordinary items from the General Accounting principles. Their contention is based on the difficulty of application the extra ordinary items in accounting practice CITATION Giu14 l 1033 (Giugliano, 2014). They thus support the application for extra ordinary items in previous accounting periods. A sudden change of the rules would otherwise lead to confusion in the accounting practice. The ease of application of the proposed update makes it easy to make these recommended changes quite easy to adopt. They thus suggest the immediate adoption of the proposed update. They are in agreement with the decision by the board to stick to the principle of separate disclosure of infrequent transactions. Items must thus meet the definition of occurring infrequently in recurrent expenditure. They list the following examples as those that should not be classified as unusual or infrequently occurring: occupancy related expense, routine tax audit returns and losses and gains from reimbursements from insurance CITATION Giu14 l 1033 (Giugliano, 2014). They thus suggest the importance of offering guidance on the determination of unusual items. Proper definitions should thus be provided of the unusually occurring items. In comment letter 3, Ford Motor Company also writes in support of the simplication initiative by FASB. Their agreement is based on the objective of evaluation, identification and improvement of the generally accepted accounting principles CITATION Cal14 l 1033 (Callahan, 2014). This thus means that the reduction of the cost of complexity is possible with the simplification of the income statement. They are also in agreement with the board that such an update would not lead to data loss. The overall benefit would be to the end users of such financial statements. References Callahan, S. (2014). Ford Company. Giugliano, G. (2014). Marcum Accountants. Schroder, N. (2014). Institute of Management Accounting. Source document

Russian Foreign Policy Towards The Post Soviet Sphere Politics Essay

Russian Foreign Policy Towards The Post Soviet Sphere Politics Essay The relations with Russia and the fragmented post-Soviet space have been rather popular topic for some years now. But after the cyber crises, April anxiety and the attack to South Ossetia, the topic has gathered even more increasing attention. The Russian foreign policy therefore has been changed a lot and has undergone different strategies. Nowadays Russian foreign policy creation probably reminds to lot of people like building the road to the heaven. The process consists of continuous alternating compromises as well as provoking actions or signs towards the West. Sometimes the decisions of Russian foreign policy are even against its own national interest and therefore from time to time it could raise a question if Russia has even stepped out from its baby-shoes or not. During the Russian Empire times the Russian foreign policy symbolized the Orthodox Christian world and the centre of gravity for pan-Slavic movements. It was greatly based on the imperialist world order that was trying to find quick development in economic and social means. The main objective was to increase Russian living standards so it could compete with other more developed countries. But after the collapse of Soviet Union, what was according to Putin the biggest catastrophe during the 20th century, the Russian foreign policy has changed. It became more pragmatic and looked after the realization of sophisticated world. This was also visible from the Russian relations with other countries, as Russia started to communicate more closely with the more refined world. The characteristics of the different relations with different countries varied a lot- at one time Russia was acting like a full-partner while on the other times Russia took only minor roles or even opposition in cooperati ng. The changing Russian foreign policy was established on different aspects. The main objective was to formulate Russian national interests, so the foreign policy could correspond to the ones that are especially necessary and which ones are applying to the other countries on the world political field. Another objective was to tempt other countries to the agreements on subjects where its interests are not the same as Russia has. The reactions to the Russian foreign policy changes have not been easy to adapt neither for Russia nor to the post-soviet countries. The ending of the Cold War was unexpected to the both sides and the idea to totally change the ideologies of the countries policies after that, has not yet been accomplished by neither of the sides. The changes of Russian foreign policy are influenced by different features. The main influencer is probably the situation on the oil market, as Russia is one of the biggest oil providers in the region. This also affects the trade of other goods. For example after the collapse on Soviet Union the Baltic States were still a part of post-Soviet geopolitical and economic development. The party that is ruling the political decisions in Russia has also a big role to play in the influence process of Russian foreign policy. The clear difference was visible with Boriss Jeltsin and Vladimir Putin, whose tactics were different. The third aspect that influences the Russ ian foreign policy rather highly is the current Russian relations with Eurasia and Caucasus as well as with Central Asia and the situations on those countries. But to a country like Russia probably the biggest foreign policy driver is the embrace of the power and its sphere of influence- either it is local or more like global. The presentation of the change from rather Russia-centered and regional power emerged during the Putin administration. At that time Russia raised to being one of the global energy power suppliers and demanded the local currency recognition equal to the US dollar. Russian foreign policy and market economy The importance of the economics and businesses in Russian foreign policy today is considerably high. It has also been seen as a source of the state power. With the Putin presidency major changes on Russian business market were made. During the Putin administration the big oligarchs were destroyed. Putin deputized its authorities to sit on the boards of key companies so he could have a control over the businesses. He also continued to support the integration of Russia to the world economy. While during the Soviet Union times Russia was the biggest supplier on its markets, but now after the collapse of Soviet Union the markets where Russia is the biggest player are decreasing and the foreign trade is taking over. This can be considered as one of the biggest threats to Russian economy. Also as we had financial crises in the world, the unemployment rate in Russia rose significally. Russian foreign policy today When to follow the Russian foreign policy, it can actually be said that it is rather continuous and has hidden aggressiveness. The current Russia has a tendency to demonstrate new conceptual documents in foreign policy as well as in security policy. These are always welcomed with high level of attention because according to these documents the world is trying to predict the coming Russian policy  [1]  . If to be very careful and to observe closely, it can be seen that actually the changes of Russian foreign policy has built up on tactical regrouping. The biggest change between the previous and current Russian foreign policy concept is that now the foreign policy goals has to be in balance with Russian economic, intellectual and technological possibilities. Regardless to the world image of Russia according to its recent actions, Russia still seems to think of itself as the super-power. In different ways and by different actions Russia still threats the post-soviet countries and in a way Russia still treats them as a part of its colony. But there is a difference between the former soviet countries. For example the threat to Estonia is unlike and smaller than to Georgia, as Estonia is a member of the European Union. Therefore the actions or procedures how Russia can endanger Estonia is different because of the western powers, but in case of Georgia, as it was seen, there is not such a strong backup. For Russians the fact that Estonia joined the western block was a big disappointment and according to the surveys, it became apparent that Estonia is the second country that the Russians trust the less. The Russian foreign policy that we know today is a product of former superpower, which desperately tries to hold on to its power. Some histori ans even say that, now when different countries are allies, the war will begin sooner or later. The orange revolution in Ukraine during the 2004, reminded greatly the situation in Estonia after the singing revolution. After the orange revolution Ukraine seemed to be able to see the freedom, as it happened in Estonia in 1987-1988. Then in year 2007 Vladimir Putin wrote a letter to Ukraine president Viktor JuÃ…Â ¡tÃ…Â ¡enko with what Putin clearly and directly intervened to Ukraine domestic problems and policy. But the actual aim of this letter was basically to control Ukraine, as Putin saw that things are getting out of his hands. This can be considered as a clear sign of Russian wish to take over the control and basically to reunite the former Soviet Union countries in order to form a Russian Empire again. It seemed that the tactic was to take over the control at first from the inside of the country by trying to attract the people, who can be manipulated to support Russia and its ideas and plans. If that has been accomplished then it is easy to take over the country tim e by time. In year 2008 Russian president Medvedev claimed that Russian foreign policy is neither liberal nor conservative but it is driven from Russian national interests. He also said that the freedom, democracy and the protection of human rights matters a lot to Russia and in its foreign international relations. These are also the aspects that are protected the most  [2]  . Few months after that Russia took military actions against Georgia. The Russian- Georgian war was a clear sign to the West and to the rest of the world that Russia has had enough of its post-Soviet foreign policy and that some things have to be changed. Also it gave a warning to the world that Russia is not that pushed down as it may have seemed and is actually capable to amend enormous damage. The new face that Russia is showing now by demanding pragmatic relations with the west, internal country liberalization and the high turn of economical high technology is only the change of the layer, not the inside. Also if the Russia we know today does not liberalize the market economy, it may bring with it, that European Union has to use the sanctions. Meaning that basically in the end, both of the sides will lose tremendously. When in year 2009 Russia changed the foreign policy in a way so it will be more pragmatic, balanced and that it is not based on the opposition. During the same year Dmitri Medvedev said that, it is about the time when Russia should stop being so ignorant and egoistic. By this saying the world got rather surprised, as before Russia has wanted to play leading roles on different fields. Russia even wanted that its currency would be equal to dollar, meaning that it would be recognized all over the world. This thought was led by the oil prices and the fact that Russia is a considerably big supplier of the oil in the world. But this behavior that Russia admits that they should back down a little does not happen that often. Usually it is driven from the current situation on the world oil market and of how strong is Russian power at the time. The American analyzing centre Stratfor  [3]  predicts in it analyses that in coming year the Russian activities in its neighborhood will most probably increase. According to that it has been predicted that Russia will start to fight back the former Soviet Union countries and that Estonia is the country that interests Russia the most. The reason for that is argued to be easy- Estonian politics are easy to manipulate with. In addition to Estonia the other Baltic States countries Latvia and Lithuaina are probably facing the same. Such an increased attention and interest to Russia has been ever since the Baltic States joined the European Union and NATO. But the Baltic States are not the only countries to whom Russia will concentrate on year 2010. According to the forecasts the year 2010 Russia strives to weaken the influence of the West from Ukraine, Belarus, Kazakhstan, Azerbaijan and Armenia. The goal of this is the recreation of the political union on the territory of the former Soviet Union. The analysts are predicting that the influence of Russia will be more successful in Ukraine, Belarus and Kazakhstan. When talking about Ukraine, this prediction can be derived from the fact that the new Ukraine president Viktor JuÃ…Â ¡tÃ…Â ¡enko has a pro-Russia thinking. But interesting fact with this is the promise that Juņºtņºenko gave- to unite the badly managed Ukraine with big economic potential with the West- and Centre- Europe. This of course is causing troubles with Russia, as Ukraine will then leave the traditional influence-sphere. Now in year 2010 basically all the former post-soviet countries are on a risk, meaning that all the countries are afraid that Russia will attack sooner or later. Especially after the launch of Stratfors report as with previous forecasts 90% of Stratfor reports have been right. Other facts that are backing up the Russia potential interest towards post-soviet countries and West, is the fact that during the autumn 2009 Russia was practicing the attack to Poland, that ended with penetration to Poland with 900 tanks. The same actions were made to Latvia. It is hard to say for sure if it was only a practice against a terror attack or was it a real exercising of the infiltration. Russia today After the launch of the analyses of Russian Foreign policy and its impact to the former Soviet Union countries by American forecast agency Stratfor, many of the post-soviet countries have started to worry and fear Russia even more than before. According to the Stratfor analyses Russia is trying to form its influence sphere from its neighboring countries. With a big possibility the first countries will be Ukraine, Belarus and Kazakhstan. It has been predicted that most probably those countries will not show that much resistance, then all the other post-soviet countries will be forced to either accept the conditions that are suitable to Moscow or to search independently the help from the foreign countries, such as USA. Azerbaijan and Turkmenistan will probably choose the first opportunity whereas Georgia and Baltics will look for the other ways. The probability that Georgia will fail to do so is rather high, as actually it was also seen in August 2008. The probability of Baltic States search for help to succeed is little higher. In case Russia should try to capture Baltic States, the chance that Russia will ruin its relations with Europe and United States is rather possible. On the other hand if Russia is going to act as predicted and target Ukraine and Georgia first, then the Baltic States could win approximately 3 years to figure out how to protect themselves. At the same time it is very important to be updated of the actions and information what is happening in Latvia as by now it is one of the weakest countries in the Baltics. The situation in Latvia is rather bad and the economy needs to be stabilized. But exactly by that reason Latvia is very sensitive to the external influences and therefore it could turn to a really good playground to the Russia. The current situation in Ukraine is still unclear as the presidentary elections are coming. That also raises the question if Ukraine has already been sold to Russia or not. It is still unclear who will win the elections and who will be appointed to be the new president. At the same time all the candidates are in a way pro-Russia, meaning that the new president of Ukraine may start to cooperate with Russia in a long-run, as Ukraine is known as a rather corrupted country and then the predicted Russian control over Ukraine will still be established. The elections still will not decide on the Ukraine final destiny, but the fact that on the current elections all the candidates are pro-Russia may send a clear signal to Russia. Once Russia recaptures Ukraine, all the other post-Soviet states will probably face the same intentions. Besides the elections and controlling the Ukraine foreign policy, Russia has one more plan with Ukraine- Russia is strongly against the Ukraine alliance with NATO and European Union. In a way Estonia is in the same situation as Ukraine, but the fact that the crossing-point of world interests is south and near-east due to the oil and heavy fuel, it leaves the Baltic Sates on the background. The near-east and the territories next to the Black Sea are with high importance to Russia. Conclusion After the recent incidents that Russia has had with different countries over the past few years, the overall image of Russia has changed a lot. In addition to that the Russian foreign policy has made through major changes after the breakdown of Soviet Union. The biggest change has been that the role of Orthodox Church that used to play a big role in the Russian foreign policy has lost its importance. Another change was the Russian- Georgian war with what Russia sent a clear sign to the world that they are tired of their current foreign policy, but they also showed how they feel about the NATO enlargement. With that step lot of the other post-Soviet countries started to fear for their independence. Besides all kind of different changes one of the mentionable is also the fact that Russia started to use its role as one of the important energy providers as a political weapon. Russia understood that they can use the energy export to improve the countrys economical and political position in the world. When looking from the post-Soviet countries viewpoint and considering the recent Stratfor analyses that predicted the high Russian attention to its neighboring states has created rather anxious feelings in post-Soviet countries. If the predictions are going to come true, it is going to cause huge changes in Russian foreign policy.

The Campaign for Women’s Suffrage Essay -- American History

The Campaign for Women’s Suffrage The campaign developed at that time, as it was then the rights of women began to improve. Though women were still thought of as second-class citizens, during the 1870’s the women’s suffrage became a mass movement. Prior to 1870, there were laws that meant that women were unable to keep any of their earnings once they married. That also meant that all her possessions belonged to her husband as well. In 1870, the Married Women’s Property Act meant that women were allowed to keep  £200 of their earnings. Women such as Caroline Norton are what helped the campaign develop. After a court found that she was innocent of adultery, Caroline Norton’s husband left her and took their children, taking with him her inheritance. Because of the laws at that time, she had no real control over whether she was permitted to see her children, even when one of her sons died. She fought this, even though British law was against her as she was technically the property of her husband. She battled this until in 1873 the law was changed so that all women could see their children if they were divorced from their husband. It was because laws such as this were changed that others began to believe that it was possible to gain the women’s suffrage. Legal steps were then being taken to better the position of women, legal inequalities that faced women were beginning to then balance out. Another cause to why the women’s suffrage developed was because of economical reasons. In the late 1800’s, women were paid half, and sometimes less than half, what men were in the same jobs. For example, in the 1880s in domestic service,... ... people’s views on them, it was not the only factor that gave them the franchise. During the war, there was the Coalition Government and members of this were pro-women’s suffrage. In 1917, the Prime Minister Sir Asquith – who was anti-women’s suffrage – resigned. The new PM was Lloyd George, who was actually sympathetic to women receiving the vote. The fact that women had done so much during the war meant that passing the bill was easier that it was before the war. It would have been even unfair if women had done so much during the war, yet they had still not gotten the vote. But there were men that were less qualified and had the vote. This double standard was also a reason. So though the war effort played a part in them receiving the vote, it was not the only reason why women were able to vote once the war had ended.

In Favor of Emancipation for Children :: Argumentative Persuasive Essays

In Favor of Emancipation for Children Imagine that you're a young teenager living with you mother. She left your father, an abusive and violent man, when you were 10. Your mother is killed in a car accident 5 years later. Because your mother did not prepare a will, the state requires you to live with your father. The only thing you could do to save your own life is to terminate your father's rights by becoming emancipated. Many people have heard or read about the situations of child celebrities such as Jenna Malone, Drew Barrymore, Christina Ricci, Michelle Williams and Macauley Culkin or child athletes like Dominique Moceanu, but few have heard of a more compelling situation as that of Aaron Kipnis. This young man was brutally beaten by his stepfather at the age of eleven. Instead of punishing his stepfather, the state of California made the eleven year old a ward of the state. Being a ward, in the states juvenile system, was a horrific experience. For the next five years, Kipnis began a cycle of running away, getting caught, and living in temporary housing. It was not until he was sixteen that a parole officer recommended he pursue legal emancipation. His freedom was finally granted at seventeen (Rupp 1). Emancipation is a court process that gives a teen legal independence from his or her parents of guardians and is granted adult civil rights except those prescribed by the law (Emancipation). Emancipated minors will not be automatically entitled to do certain things such as vote or legally drink alcoholic beverage. Though child abuse is one of the main reasons why children want to be emancipated, there are other reasons for children to want adult responsibilities. One of those reasons is children actors are required to work extremely long hours. Directors and producers are limited by child labor laws. The children actors want to work their high salaries jobs. In order to continue their work load and keep their high income, it is to their benefit to become emancipated. In other cases, there may not be abuse or high income that is a concern, it simply might be that the parent or guardian and the child can not handle being around each other. So instead of continuing constant battles, the child and parents agree that it would be the best for everyone to seek emancipation. Usually the toughest requirement to meet is financial independence.

Trung Nguyen Caffee

In 1996 Trung Nguyen was a small business processing coffee in Ban Me Thuoc city. At that time, Vietnam had risen once again to be one of the leading coffee producers in the world, but almost solely producing â€Å"green† coffee (unroasted beans) that were sold on the commodity market. This resulted in no control over the final coffee quality or prices. The Highland region of Vietnam is one of the world's â€Å"top 10† best environments, combining the right altitudes, soils, natural drying conditions, and temperatures for producing the finest of gourmet coffees.Yet the region was not controlling its own destiny to produce these once sought-after coffees. The owners of Trung Nguyen saw that the future for producing gourmet coffee and being reasonably independent of the world commodity markets was to once again follow the best possible growing and processing techniques to produce a world-class coffee, and carry it through all the way to the packaged product.After the revi val of this exotic coffee, the company developed the first Vietnamese franchise of coffee houses and expanded throughout Vietnam and then a number of other countries. Now the most established, respected and successful producer of branded coffee in Vietnam, Trung Nguyen seeks to bring its unique blends to the United States. The West Coast has limited selections of TN coffees available in Asian grocery stores, but most of the US has no source of TN coffees†¦ until now.We are proud to be the first and only authorized Internet shopping source of TN coffee in the US. Trung Nguyen has won numerous prizes and titles for the entrepreneurial achievement of the company, its enlightened business practices, and the excellence of its products. Trung Nguyen coffee growers have been certified by EUREPGAP and Utz Kapeh for â€Å"safe and sustainable† coffee growing practice. Trung Nguyen coffees are grown on smaller farms and using traditional sun-drying methods and natural processing.T heir cultivation supports thriving villages where growers work under contract futures with guaranteed pricing for their products. When you purchase Trung Nguyen coffees, you help preserve heirloom species of coffee and the biodiversity they provide. This protects against the dangerous popularly-held opinion that any one coffee species should be grown in monoculture around the world. Not only does this 100% Arabica movement deny the wide and delicious range of flavors of other coffee varieties, it creates a potential ecological disaster.Advocates of â€Å"1-coffee only† ignore the terrible consequences of past wordlwide Arabica blights that have threatened to change the nature of the coffee plant forever. Trung Nguyen coffees using Arabica, Robusta, Chari (Excelsa), Catimor, Liberica and other diverse varieties preserve the unique flavors and robust nature of the coffee plant and help to create bean blends that are unique and simply broader and better in flavor than any single -source coffee can be. It's good for the future of coffee and its growers; it's delicious in your cup. Enjoy!

Outsourcing and Company

What is Outsourcing? Outsourcing  is the  contracting  out of an internal  business process  to a third party organization. The practice of contracting a business process out to a third party rather than staffing it internally is common in the modern economy. The term â€Å"outsourcing† became popular in the  United States  near the turn of the 21st century. Outsourcing sometimes involves transferring employees and assets from one firm to another but not always. The definition of outsourcing includes both foreign and domestic contracting,  and sometimes includes  offshoring, which means relocating a business function to another country.Financial savings from lower international labor rates is a big motivation for outsourcing/offshoring. The opposite of outsourcing is called  insourcing, which entails bringing processes handled by third party firms in-house, and is sometimes accomplished via  vertical integration. However, a business can provide a contract service to another business without necessarily insourcing that business process. Advantages of Outsourcing : Outsourcing creates opportunities for a company to focus on lowering costs and improving the efficient allocation of resources within a company.Outsourcing allows a company to redirect its attention to its own competencies and hire outside resources to handle other tasks. For example, Jobs in the mid-west can often consist of phone tech support. However since it is even cheaper to pay people in India then support this community with jobs, it will send its jobs to India, another country which is an example of outsourcing. So outsourcing allows a firm to reduce costs and concentrate its resources on the things It does best while gaining access to expertise it may not have.Companies outsource primarily to cut costs. But today, it is not only about cutting cost but also about reaping the advantages of strategic outsourcing such as accessing skilled expertise, saving time, cutti ng cost, concentrating on networking, business growth and core competencies ,reducing overhead, flexible staffing, and increasing efficiency, reducing turnaround time and eventually generating more profit. 1. Accessing Skilled Expertise : One of the primary advantages of outsourcing is to get access to skilled expertise.This skill set may not be a core competency of a company’s business, but to allow on focusing on the core mission in providing a high quality product and service to its customer what makes sense is handing over the task to people who can perform it better. Moreover, as a double whammy, a company not only spends less on employee trainings and saves precious man-hours but cuts costs as well. 2. Saving time : When running a business, companies soon discover which skills they possess are strong, weak and non-existent.Rather than using their time and money to learn several new skills, they can simply outsource to someone who is already proficient. Perhaps they have other things in life besides business to focus on. Companies may want to spend the extra time outsourcing because it gives companies to learn a new skill such as public speaking, a new language, accounting, or some other subject. 3. Cutting Costs and Saving BIG! : Maintaining an infrastructure can be an extra burden for some businesses, which outsourcing can remove.Outsourcing business requirements to a trusted vendor can help companies to save on the capital expenditure, time, and extra efforts of their personnel. Additionally, companies are no longer committed to invest on employee training, or purchasing expensive software, or investing in latest technologies. All these help the companies to get higher returns in the longer run. For example, A small doctor's office that wants to accept a variety of insurance plans. One part-time person could not keep up with all the different providers and rules. Outsource to a firm specializing in medical billing. . Concentrating on Business Gr owth, Networking and Core Competencies : Workload increases with additional non-core functions and the quality of any company’s core activities suffers as the business grows. Outsourcing in such scenario to a third party plays an important role by allowing company’s key resources to focus on primary business tasks. Because of saving time and energy with outsourcing, companies can focus on growing their business. They can meet with important clients, attend seminars, find potential partners and network as well as tend to the management of the business.Companies can outsource their weakest areas to those who are already strong in them. 5. Reducing overhead : Overhead costs of performing a particular back-office function are extremely high. Paying wages to full-time employees can severely eat into your profits. It’s common for new start-ups to maximize savings by outsourcing to developing countries. People there, who are highly skilled, often work for only a few do llars per hour. It may seem low , but it’s often good money for them. Lower overheads from not having full-time employees may give the company competitive edge and mean the difference between success and failure. . Increasing in-house efficiency : After companies allocate tasks to their outsourcing partner, they share the workload of the companies’ employees. This allows the companies to develop their internal task force and use them more efficiently. 7. Staffing Flexibility : Outsourcing certain independent tasks, allows any company’s business to maintain a financial flexibility when there is an uncertainty in demand. The company can scale up or down comfortably. At a much lower cost, outsourcing provides additional benefit of running business in full throttle even during off season and holiday months.Example: An accounting department that is short-handed during tax season and auditing periods. Outsourcing these functions can provide the additional resources fo r a fixed period of time at a consistent cost. 8. Continuity & Risk Management : Periods of high employee turnover will add uncertainty and inconsistency to the operations. Outsourcing will provided a level of continuity to the company while reducing the risk that a substandard level of operation would bring to the company. Example: The human resource manager is on an extended medical leave and the two administrative assistants leave for new jobs in a very short period of time.Outsourcing the human resource function would reduce the risk and allow the company to keep operating. 9. Giving A Company’s Business A Competitive Edge : The ultimate benefit of outsourcing is that it helps the companies gain a competitive edge in the market. Through strategic outsourcing to an outsourcing partner, the companies are not only providing their customers with best-of breed services, but increasing their productivity while managing their in-house resources intelligently. Outsourcing can hel p them surpass competitors who have not yet realized the benefits of outsourcing. 10.Seeing An Overall Increase In The Company’s Business : Outsourcing shows an increase in company’s productivity, customer loyalty, level of quality, business value, profits, and much more. How will the changing face of education impact the supply chain? As you evaluate your choices and decisions in  outsourcing  different components of your operations, you will need to consider the advantages of outsourcing. When done for the right reasons, outsourcing will actually help your company grow and save money. There are other advantages of outsourcing that go beyond money. Here are the top seven advantages of outsourcing. . Focus On Core Activities In rapid growth periods, the back-office operations of a company will expand also. This expansion may start to consume resources (human and financial) at the expense of the core activities that have made your company successful. Outsourcing tho se activities will allow refocusing on those business activities that are important without sacrificing quality or service in the back-office. Example: A company lands a large contract that will significantly increase the volume of purchasing in a very short period of time; Outsource purchasing. 2. Cost And Efficiency SavingsBack-office functions that are complicated in nature, but the size of your company is preventing you from performing it at a consistent and reasonable cost, is another advantage of outsourcing. Example: A small doctor's office that wants to accept a variety of insurance plans. One part-time person could not keep up with all the different providers and rules. Outsource to a firm specializing in medical billing. 3. Reduced Overhead Overhead costs of performing a particular back-office function are extremely high. Consider outsourcing those functions which can be moved easily.Example: Growth has resulted in an increased need for office space. The current location i s very expensive and there is no room to expand. Outsource some simple operations in order to reduce the need for office space. For example, outbound telemarketing or data entry. 4. Operational Control Operations whose costs are running out of control must be considered for outsourcing. Departments that may have evolved over time into uncontrolled and poorly managed areas are prime motivators for outsourcing. In addition, an outsourcing company can bring better management skills to your company than what would otherwise be available.Example: An information technology department that has too many projects, not enough people and a budget that far exceeds their contribution to the organization. A contracted outsourcing agreement will force management to prioritize their requests and bring control back to that area. 5. Staffing Flexibility Outsourcing will allow operations that have seasonal or cyclical demands to bring in additional resources when you need them and release them when yo u're done. Example: An accounting department that is short-handed during tax season and auditing periods.Outsourcing these functions can provide the additional resources for a fixed period of time at a consistent cost. 6. Continuity & Risk Management Periods of high employee turnover will add uncertainty and inconsistency to the operations. Outsourcing will provided a level of continuity to the company while reducing the risk that a substandard level of operation would bring to the company. Example: The human resource manager is on an extended medical leave and the two administrative assistants leave for new jobs in a very short period of time. Outsourcing the human resource function would reduce the risk and allow the company to keep operating. . Develop Internal Staff A large project needs to be undertaken that requires skills that your staff does not possess. On-site outsourcing of the project will bring people with the skills you need into your company. Your people can work alon gside of them to acquire the new skill set. Example: A company needs to embark on a replacement/upgrade project on a variety of custom built equipment. Your engineers do not have the skills required to design new and upgraded equipment. Outsourcing this project and requiring the outsourced engineers to work on-site will allow your engineers to acquire a new skill set.