Transparency in Central Banks: An Analysis

Transparency in Central Banks: An Analysis Introduction The origin of central banking system can be traced back to 1694 when the Bank of England came into being as the first ever central bank. The bank was established to help King William III out of his governments financial crisis but it did not behave as a lender of last resort until much later (See Lovell, 1957)1. Central banking has undergone a remarkable change during the last decade. The new paradigm in monetary policy appears to be central bank self-governing and transparent. First of all lets see what central bank and transparency means, a central bank is a Government agency that performs a number of key functions: (1) central bank is the only bank which has the authority to issue currency on behalf of its nation; (2) central bank has authority to increase and decrease the supply of credit in the economy which controls the interest rates; (3) manages the external value of its currency in the foreign exchange markets; (4) central bank holds a percentage of deposits as reserves of other banks and other central banks so as to reduce the risk of banks overextending themselves and suffering from bank runs, (5) acts as Fiscal Agent for the central government, when the government sells new issues of securities to finance its operations; and (6) The central bank also plays a vital role of reserving the nations emergency funds, and it is because of this the central bank is called lender of last resort. Transparency in the physically meaning, transmitting light, in the conceptually meaning, clarity, in the economically meaning, symmetric information, and in the practically meaning, openness, honesty, clarity, common understanding2. We can say that central bank is a combination all these that is, it openly correspond or communicates important and necessary information to the investors, shareholders and the public in short absence of asymmetric information between central bank and other economic agents. Therefore a central bank is said to be transparent when there is less or no information asymmetry. Moreover a central bank is said to be transparent if its actions are easily identified, its policies are readily understood, and its statements are honest or true. A central bank is transparent when it provides at all times sufficient information for the public to understand the policy regime, to check whether the banks actions match the regime and to pass judgment on its performance.3 Over the past years, financial institutions have tried to implement various strategies to increase its transparency. One of the important strategies among these is, disclosure of information in published accounts has been prominent even though it was present but less prominent. A great amount of focus was given towards economic policymaking so as to become more transparent particularly with respect to monetary policy, inflation targeting a very transparent monetary policy regime was adopted by and a number of central banks, including Swedens Riksbank and Britains Bank of England. Yet, few other countries like the United States have not yet subscribed to inflation targeting, but the Fed has also become much more transparent about its policymaking and operations over the past 15 years. The New Basel Accord (Pillar 3) has introduced a number of disclosure requirements that aim to improve the markets ability to assess a banks risk and value. The drift towards central bank being more transparent can be easily seen in our day to day life by casual observation. Some of the prominent examples of various central banks who have given great importance to becoming transparent are the central banks of New Zealand, Canada, the United Kingdom and Sweden. These few nations have adopted a framework of inflation targeting from the early 1990s itself, which is characterized by an explicit inflation target and the publication of inflation forecasts.4 Many others countries have even started to give importance to having adopted greater openness as well, even if its not in the form of inflation targeting or inflation forecasting. The few other central banks which have adopted this includes central banks in emerging markets like Brazil, the recently founded European Central Bank (ECB), and even the well established central banks like those of the United States, Japan and Switzerland. Literature Review Consider the legions of economists whose sole function it is to interpret U.S. Federal Reserve Chairman Alan Greenspans every twist and turn of phrase so as to divine which way the monetary winds are blowing. Caroline A. Baum, The Last Word p.645 From the above phrase, two important points can be looked upon; one is that by trying to assume what the actions of monitory policy will be the resources are used up. The other is that statements are being made by the central bank that might yield some insight into its future plans, but the messages are not typically transparent. The economic policy outcome can easily be identified to a great extend by the increased transparency on central bank through various channels. It cannot be assumed that all the aspects points out the same way. Moreover, central bank transparency cannot be universally defined in all aspects6. The concept of transparency differs from authors to author in various ways, some may focus mainly on the decision-making process, while some others may focus on various other aspects like models, preferences, and even more some may look into the knowledge about the shocks hitting the economy, or the implementation of policy decisions.7 The private informations about the central banks objectives or intentions can be easily assumed from the models derived by Faust and Svensson (2000, 2001), Jensen (2000), Geraats (2001a), and Tarkka and Mayes (1999). The model by these eminent economist states that, transparency is modeled as the degree of asymmetric information about control errors (Faust and Svensson (2001) and Jensen (2000)) or (anticipated) economic shocks reflected in the policy instrument (Cukierman (2000a,b) and Tarkka and Mayes (1999)). Kuttner and Posen (2000) yet another eminent economists explains about the reduction of exchange rate volatility when there was a shift in the Federal Reserves and the Bank of Japans degrees of transparency.8 In addition to this, political pressures, increased accountability, facilitation of fiscal and monetary policy co-ordination, and improved internal organization of central bank analysis is yet another arguments in favor of transparency in monetary policy.9 Analytically, the three different regimes of transparency that is the least transparent, highly transparent and the extreme transparent are being distinguished by Faust and Svensson (2001). In the first regime, that is the least transparent, neither the employment goals nor the intentions of the central bank can be seen by the public. Inflation intentions of the central bank can be easily observed by using the second regime that is highly transparent. As a result of this increased transparency in inflation intentions there arises a lower inflation rate because the sensitivity of a central bank is increased which in-turn increases the reputation to its actions, making it more costly for the central bank to pursue a high-inflation policy. In the extreme transparency regime, that is the third according to the author, both the intentions of the central bank as well as the employment goals can be seen. The central banks reputation as well as its actions are no longer conveyed about the in flation bias. Higher inflation, inflation volatility and unemployment variability can be reached at as a result of inflationary bias.10 Yet another similar structure to Faust and Svensson (2001) was adopted by Jensen (2000) assuming that central bank is informed privately about its output target and that publics capacity to assume the inflation control error is greater. On comparison with Faust and Svensson (2001), whos main focus was on the future credibility effect of central bank, while Jensen (2000) focus was towards the marginal cost of inflation within the current period with the help of new Keynesian elements (staggered price-setting and monopolistic competition). Due to this increase in the transparency, there was an increase in the discipline and credibility to the reputational costs of deviations from the inflation target. According to some of the eminent economist, transparency is not only the tool used for independent central banks to be held accountable, but it is often argued that the economic point of view too can be desirable from it. The effect of central bank being transparent is being immensely discussed by various policymakers and researchers. Although most of the literature tends to favor transparency of central bank, its not the case, the debate still continuous whether or not central bank should be transparent or not. Most of the practical and observed research concludes that the transparency maintained by central bank previously were desirable from an economic point of view. An important question to be asked is, whether central banks pushing toward more disclosure of information are beneficial or not. Indeed, there are a number of good reasons to it. First, it can be argued that banks from the early time itself are opaque institutions, and increase in disclosure might not change this opaqueness. Second of all, transparency might not necessarily be reached at by just simply increasing the quantitative disclosures. In the words of Federal Reserve Chairman Alan Greenspan: A more complex question is whether greater volume of information has led to comparable improvements in transparency of firms. In the minds of some, public disclosure and transparency are interchangeable. But they are not. Transparency challenges market participants not only to provide information but also to place that information into a context that makes it meaningful (Greenspan 2003, p. 7).11 Third, disclosure is costly. Clearly, requiring disclosure of information imposes a cost on banks, as on any firm, and this cost must be offset by resulting benefits for it to be justified (Schaffer 1995, p. 26).12 Publishing information and producing information are some of the direct cost involved in the cost of disclosure, even though these are the direct cost involved, when a bank publishes its information in the financial market, there arises a threat of its competitors exploiting the information which might result in indirect cost. Cukierman and Meltzer (1986) eminent economists developed concept of central bank transparency13. Bankers, mainly the central banks use of monitory policy control was in great fault or imperfect in order to hide their intentions. In other words, the absence of transparency with control error was evident to meet the central banks objective, at least possible reputation cost. More recently, with the setup from the Cukierman and Meltzer, Faust and Svensson (1999) was able to differentiate more between transparency and control error. Central bank chose the pair that maximizes it objective and it was to be opaque. There are still some argument that incomplete transparency is optimal, as by being incomplete optimal, the central banks ability to control inflation has to be balanced against the private sectors wish to see price stability, employment and output.(see for example Faust and Svensson, 2001 or Jensen, 2000). Others argue that for operational reasons, it is important to have certain restrictions on transparency. The main idea behind this is to differentiate between the need to know (see Eijffinger and Hoeberichts, 2002) and the need to understand factor (Issing, 1999) and to reinforce the Banks credibility. There are yet more evidence of central bank being transparent and central bank transparency being one of the important feature of monetary policy, which is been recorded in one of the most comprehensive survey being conducted till date on monitory policy of central bank. Its been recorded in the 1998 survey of 94 central banks by Fry, Julius, Mahadeva, Roger and Sterne (2000). This survey discloses that about 74% of central banks consider transparency as a vital or very important component of their monetary policy framework, only exceeded by central bank independence and the maintenance of low inflation expectations (with 83% and 82%, respectively; Fry et al. (2000, p. 135)). Subsequently, the relevance of transparency have only increased when certain changes are being done by central bank. Analysis According to one of the famous journalist, Caroline A. Baum, she says that from the phrase given by Alan Greenspan, the U.S. Federal Reserve chairman, the resources are being used up at the same time the statements made by the central bank are far too less transparent. What it means to say is that the central bank should be more transparent enough so that its monitory policy at the same time its future plans can be easily understood by even a layman who might have little knowledge about the norms and policies of the central bank. By central bank being more transparent, the economic policy outcome can be know to a certain extend through various means, but it cannot be said that by central bank being transparent, all the aspects related to it can be easily viewed at. The concept of transparency differs from person to person, while so concentrate on the decision making process, others may look into the fact of policy making etc. Therefore it can be said that there is no universal meaning to central bank and varies from person to person and country to country. For example the transparency of central bank in India might not be same as the transparency in England besides taking into some common facts. According to some of the eminent economist, central bank should have an optimal degree of transparency mainly for the monitory policy, but on analysing the facts by few others about whether central bank should be more transparent or not, two aspects can be taken into account, one is the uncertainty and the other is information overload. If central banks becomes more transparent, it could lead to uncertainty, that is, when lots of information are provided to the public, they tend to look at the complexity of monitory policy making and the uncertainly around it which might not be as complex as it seems to be. The second is the high degree of information overload or confusion. If large amount of information is being disclosed to the public, there is a high risk of information getting overloaded or confused. Therefore analyst say central bank should have an optimal transparency. Kuttner and Posen states that when central bank becomes more transparent, there is less volatility in the exchange rate. Yet other important factors supporting central bank transparency are the fiscal and monitory policy coordination, political pressures, accountability etc. According to Faust and Sevensson, transparency can be segregated into three divisions, the least transparent where in the public does not know about the employment goals as well as the intentions, this has also been stated by Cukierman and Meltzer. In the second division, that is if central bank in highly transparent, the inflation intention can atleast be know by the public and finally in the case of extreme transparency, both the intentions as well as the employment goals can be seen. It can seen that Jensen another eminent economist has also taken up a similar structure to that of Faust and Svensson where the difference is that while Faust and Svensson focus on the future credibility effect of central bank, Jensens focus was on the marginal cost of inflation. Some argue that by increasing its disclosure doesnt completely increase the transparency, to support this economist states that banks have been an opaque institution from the past itself. Greenspan says that transparency is not reached at by just simply giving quantitative disclosure; it should be both quantitative and at the same time should be relevant and meaningful. Moreover disclosure is costly, that is when central bank publishes information, it incur cost both direct and indirect. Some other economists (Eijffinger and Hoeberichts and Issing) state that central bank should transparent in such a way that the information which should be known to the public should be disclosed rather than disclosing all the information. Conclusion The dispute whether central bank should be more transparent or not is still being discussed immensely by various researchers and policymakers. Most of the economist favour central bank being transparent, as well as according to the study done, it can be understood that central bank being transparent will give a clear cut information to the public regarding the various monitory policies, its decision process as well as its goals and intentions. Moreover by central bank being transparent, it reduces the macroeconomic uncertainty like the interest rates, inflation etc, promotes financial stability and mainly helps the central bank to stand out from the various other banks that is being independent. References Petra M. Geraats, Central Bank Transparency, (2007). Cruijsen and Eijffinger, Actual versus perceived central bank transparency: The case of the European central Bank, (2007). Ursel Baumann and Erlend Nier, Disclosure, Volatility, and Transparency: An Empirical Investigation into the Value of Bank Disclosure, (2004). Petra M. Geraats, Central Bank Transparency, (2002). Joseph H. Haslag, On Fed Watching and Central Bank Transparency, (2001). Georgios Chortareas, David Stasavage and Gabriel Sterne, Does it pay to be transparent? International evidence from central bank forecasts, (2001). ICMB, Why do Central Banks Need to Talk, (2001). Gary Gorton and Lixin Huang, Banking Panics and the Origin of Central Banking, (2001). Websites http://www.blurtit.com/ http://www.answers.com/ http://papers.ssrn.com/ http://en.wikipedia.org/ Analysis of Hospital | Advocate Good Samaritan Analysis of Hospital | Advocate Good Samaritan ADVOCATE GOOD SAMARITAN 1 Advocate Good Samaritan is an hospital located in Illinois, and it is one of the best hospitals in United States. This organization has some of the best medical facilities, and highly skilled doctors and medical practitioners working for it. This medical organization was founded on the biblical principles of taking care of your neighbor, and it is managed by religious organizations. Introduction: Advocate Good Samaritan is a medical organization that is found in Downers Grove, a location in Illinois. This organization was opened in 1976, and since then, it has transformed itself into a national health care leader, managing to be listed as a top 100 hospitals for four times. This paper addresses the mission of the organization, its organizational structure, its SWOT analysis, sources of funding, its management information system, and the nature of the hospital. Mission and Goals of the Organization: Advocate health care is a hospital which has about 12 acute care facilities, with more than 250 outpatient locations. The mission of the organization is to offer home health care services, corporate health services, hospice and occupational health services. The company aims to achieve this mission by employing highly skilled medical personnel who have a dedication to research, education and patient care delivery. These skilled medical personnel will also be involved in the development of policies that the organization needs to pursue. The policy under consideration must be one that reflects the mission of the organization that is providing high quality services in health care (Montalvo and Dunton, 2007). The hospitals core values of excellence, compassion, stewardship and partnership provides the foundation upon which the patient and his or her family are the nucleus of the organization. On this basis, the policies that the hospital formulates are centered on the needs of the patient. In regard to this, the mission of the organization is to formulate and pursue policies aimed at taking care of the needs of the patients. By taking care of these needs, the organization believes that patients will be able to recover quickly from the various diseases and medical problems that they encounter. The organization does not only seek to carter for the needs of patients (Montalvo and Dunton, 2007). It also seeks to ensure that its employees get an opportunity to advance their career, and succeed. This is by training its medical personnel on the better medical and nursing practices. It also seeks to achieve this objective through research and development aimed at developing better medical practices that its employees need to use and adapt. In conclusion Advocate Good Samaritan Hospital values human beings as people created by God, and on this basis, it seeks to carter for their health needs based on the knowledge that people are creatures of God (Montalvo and Dunton, 2007). Organization Structure and Corporate Culture of the Hospital: For any organization to succeed, it must have an organizational structure that helps employees to know who their leaders are, and how they should relate to one another. Advocate Health Care has a top to down organizational structure whereby orders come from the top, and are channeled to the various officers down the ladder. This is for purposes of implementing the policy under consideration. The following is the organizational structure of Advocate Good Samaritan Hospital from the top, to the junior managerial staff. The President, who also acts as the Chief Executive Officer. The Executive Vice President who also acts as the Chief Operating Officer. The Executive Vice President who also acts as the Chief Medical Officer. The Senior Vice President who takes up the roles of the Chief Human Resources Officer. President of Advocate Medical Care Group. President of the Ambulatory and Physicians services. Senior Vice President who acts as the Chief Marketing Officer. Senior Vice President who acts as the Treasurer. Senior Vice President who is in charge of strategic planning. Senior Vice President who is in charge of Spiritual Care. Senior Vice President who is in charge of information. Advocate Good Samaritan also has an organizational culture, and it is diversity. The employees of the organization came from different backgrounds, cultures and racial origins. These people help in bringing about their experiences, personalities, and talents into the business organization. This is one of the main reasons as to why the organization managed to achieve success in the provision of health care, making it a top 100 hospital in United States of America. The organization does not only encourage diversity in its work force, but also focuses on meeting the various diverse needs of its customers. SWOT Analysis of the Organization: The following are the strengths, Weaknesses, Opportunities and Threats of the organization (Truven Health Analysis, 2013); Strengths: It is the biggest integrated health care system in the US. It operates the largest emergency trauma network in the state of Illinois. The organization treats the highest number of pediatric patients in Illinois. The organization diagnoses and treats the highest number of cancer patients in the state of Illinois. It has more than 250 health care sites and this includes 10 hospitals that offer acute care, and a children’s hospital, which has two campuses. It has a high number of human resource personnel, and this includes approximately 30,000 associates, 9000 nurses, and about 6000 physicians. The hospital has teaching and academic affiliations with major universities that are located at the Chicago Metropolitan Area. The organization also has teaching hospitals namely Lutheran General Hospital, Christ Medical Centre, and Masonic Medical Centre. These institutions are responsible for training health care workers on primary health care systems. Weaknesses: Due to the large size of the organization, policy formulation always takes a long process. The top to down management policy makes it impossible for junior officers to participate in the process of policy formulation. The organization spends so much money on paying salaries and wages, at the expense of providing other services such as research and development of new medical practices/ techniques. Opportunities: The opportunity to earn more customers and referrals because of the high quality of its services, and the availability of resources to handle any type of medical condition/diseases. Opportunity to form more partnerships with learning institutions and health care providers for purposes of carrying out a research on the various medical problems that affect the society. The opportunity to attract highly skilled and talented medical practitioners because of the organizations attractive salary package and benefits. Threats: Financial uncertainty is one threat that faces the organization. This arises because of high levels of unemployment, and the state of the American economy, which is only coming out of recession. The health care reforms initiated by the Obama administration, and specifically the affordable care act, popularly referred to as the Obama Care laws. These laws area aimed at changing the structure of the health care system in the United States, creating uncertainties on how the hospital will work with other stakeholders for purposes of providing better health care services. Sources of Funding: Advocate Good Samaritan is a not for profit hospital, and it gets most of its funding from donors. The organization runs a program referred to as Giving, which aims at raising money for its various activities/ programs. People are encouraged to make a donation through a secure online payment system, or through a cheque payable through the internet. The office responsible for receiving these funds is Advocate Charitable Foundation (Advocate Good Samaritan Hospital, 2014). The following are the programs initiated by Advocate Good Samaritan for purposes of raising funds. Thee first program is referred to as Matching Gift Program. Under this program, the organization encourages companies to prevail upon their employees to contribute some amount of money to the organization. It also encourages the employees of these companies to offer some volunteering services to the company. The company also accepts bonds or stocks offered by donors (Truven Health Analysis, 2013). This is also advantageous to the donor because he or she will receive a tax break, or pay less taxes incase his or her stocks increase in value. The organization also encourages co-operation organizations to give under the co-operate giving program. This program aims at providing information to cooperate organizations on the various programs and activities of the company, and hence the need of supporting the activities under consideration. To raise funds also, the organization has created the Presidents Health Society Association. People of all walks of life are encouraged to become members, but they have to pay an annual membership fee of $ 1000. (Advocate Good Samaritan Hospital, 2014) Finally, the organization has an endowment policy, which is a long term financing program for the activities of the organization. Under this strategy, an individual finds an activity that he or she wants to support. The same individual must make a commitment that he or she plans to support the program over a long period of time. The Nature of the Hospital: The hospital is a teaching and referral hospital. It has approximately three hospital units that are responsible for teaching and training medical practitioners, and this includes nurses and doctors. These teaching centers are, Lutheran General Hospital, Christ Medical Centre, and Masonic Medical Centre (Advocate Good Samaritan Hospital, 2014). The organization is also a referral hospital, and this is because of the facilities and resources it has. The organization has an up-to date cancer care centers, making it the leading center for cancer diagnoses and treatment in the state of Illinois. Management Information System: The organization uses technology for purposes of communicating with its employees, and patients. For example, the organization has developed computerized software referred to as Active FAX. This software helps the organization to store all the information concerning patients, and members of staff, electronically. This information management system aims to reduce the usage of files for purposes of keeping information (Truven Health Analysis, 2013) . The main advantage of this type of information management system is that information is readily available to the concerned party, at the click of a button. The organization advocates and uses the CPOE. As of 2009, it was the target of Advocate hospital that 55% of all patients must make an order, using the physician computerized order entry. Conclusion: In conclusion, Advocate Good Samaritan is one of the best hospital organizations in the United States. The hospital enjoys a good public image and reputation, partly because of the quality of services it offers, and its philosophy of putting the needs of patients at the fore-front. The hospital is not a profit making organization, and it mostly depends on donors and financial grants for purposes of carrying out its various programs and activities. This paper therefore manages to highlight virtually all aspects of the hospital. This includes its mission and goals, organizational stricter, its swot analysis, its management information system, and the kind of services it offers. References: Advocate Good Samaritan Hospital. (n.d.). Advocate Good Samaritan Hospital. Retrieved  January 21, 2012, from http://www.advocatehealth.com/gsam/ Montalvo, I., Dunton, N. (2007). Transforming nursing data into quality care: profiles of  quality improvement in U.S. healthcare facilities. Silver Spring, Md.: Nursesbooks.org,  American Nurses Association. Truven Health Analysis. (2013). 100 top hospitals: study overview. (20TH ed.). Ann Arbor:  Truven Healt Analytics.

Lorraine Hansberrys A Raisin In The Sun Essay -- English Literature

The play A Raisin In The Sun takes place in the south of Chicago, around the late fifties Setting The play â€Å"A Raisin In The Sun† takes place in the south of Chicago, around the late fifties. The scenes unfold in the Youngers’ apartment. It is a very small apartment with only a kitchen, a living/dining room and 2 little bedrooms. There is also a tiny bathroom that the Youngers have to share with their neighbours. Inside the apartment is very dark because there are only a few windows and the windows are extremely small. They are 5 people living in this little apartment and so there is very little space. The apartment contains shabby and dilapidated furniture disguised with pieces of cloth and other decorations. Summary The Youngers are a poor and struggling black family living in Chicago, U.S.A. The play begins with them waiting for an insurance cheque of $10,000.00 to come in the mail. Mr. Younger, Mama’s husband, has recently died and the $10,000.00 is a result of his life insurance. Everyone in the Younger residence has his or her own idea on how the money should be spent. Mama, the beneficiary wants to use the money to help to purchase a house with more space, Walter, her son, wishes to use the money to invest in a liquor store with his friends, and Beneatha, her daughter, plans to use the money to pay her college intuition. Ruth, Walter’s wife, shares Mama’s dream to buy a larger house, so that her son Travis may have somewhere to play. Ruth finds out that she is pregnant and she thinks it best to have an abortion because there is no available space in the house for another mouth, and she feels that having the child would also get in the way of Walter’s dreams. She explains this to Walter ... ...es towards African history. George Murchison is also very arrogant. Karl Lindner Karl Lindner is a white man living in Clybourne Park, which happens to be an all white neighbourhood. When the whites hear that the Youngers will be moving to Clybourne Park, they send Lindner to change the Youngers’ minds. In order to do so he bribes the Youngers. The Youngers reject his money and dismiss him from their apartment. Bobo Bobo is one of Walter Younger’s good friends, whom Walter decides to go into business with. They plan to open and run a liquor store. After Walter invests his money in the store and Willy Harris run off with it, Bobo is the person who comes and tells Walter. Willy Harris Willy Harris is another one of Walter’s friends who was involved in the liquor store business. It was he who got greedy, took Walter’s investment money and ran.

Cash Management Essay

Cash management techniques are an important part of managing finances. It is impossible to see your money grow if there are not methods in place to make the most of the money that you have. A good start to cash management is budgeting, which is the process of tracking money in and out to get a better idea of how money is really being spent. A budget identifies where the money is going and where adjustments can be made to decrease expenses or increase revenue. Along with budgeting, it is important to track expenses in order to know how much money is being spent. Expenses can be divided into categories such as office supplies, rent and utilities. Once you have the expenses clearly laid out ways to decrease the expenses can be found which will allow the company to save money. One easy way to save on office supplies is to buy in bulk or buy direct from a distributer. This will get you a lower price for the items then at retail store and can help save money. Another example is with companies that have vehicles. Gas companies offer discount cards which could be used with all their purchases to save money. Additionally, companies that operate fleets of vehicles may benefit from contracting with a gas supplier to get their gas at a greatly discounted rate. Investing is a great way to make your money generate more funds. This can be done by investing the money in various ways to allow it to generate interest. The more money you invest or the higher yield accounts that the money is in the more you will get in return. For individuals, investing in a 401(K) plan at work is a great way to save money for the future. This money can be deducted directly from the paycheck before it is received and invested into the account. Some companies will even match the money that is deposited into the account or match a percentage of the money. This helps the account grow even more. Having the money deducted from the paycheck before it is received is helpful because that money isn’t missed. It was taken out before the check was received and doesn’t have to be calculated into a family’s budget. Companies can invest their money into bonds which will generate interest and return for the company. Additionally, they could invest it in the stock market or other markets and savings accounts where they can get a return for the money. This helps the companies increase their cash and their wealth. In addition to investing, companies need to make sure they are collecting on accounts. When they have accounts that are past due, companies are losing money and this money needs to be regained. The accounting department of a company needs to keep close watch on the accounts and identify the ones that are not being paid. These accounts need to be collected in order to minimize the loss of income for the company. Lines of credit are necessary when there is a decrease in cash flow. This could be due to a slow month with a decrease in revenue or income as well as an increase in expenses. Companies and individuals need a way to cover expenses when the cash is limited. Credit plays an important role at this point. For the individual there are credit cards and home equity loans to help cover expenses when the cash isn’t available. These options however should be used sparingly as it is best not to use credit and credit can be maxed out if an individual is spending more than their income. Companies can use lines of credit to help cover additional expenses or regular expenses when cash flow is limited. One example of credit used by a company is a short term loan. This can provide the business with extra liquid cash that they can use to make ends meet at the time and will have to be paid back in the following months. Like with the individual, if a company is using loans frequently they will find themselves in debt and unable to repay it. At this point the company needs to reevaluate the structure of the company and identify ways to decrease their expenses. Generating additional income is important because you want to maximize the amount of money being brought in while minimizing the money going out. The individual person can maximize the money coming in by working extra hours at work or getting a second job. If a person has a unique skill they can market themselves in their free time to make money from that skill such as sewing or construction. Companies can generate more income by increasing marketing campaigns or expanding into new sales markets to generate more money in return.

Essay About the Short Story Pool by Corey Campbell

Essay about the short story: Pool by Corey Campbell The short story â€Å"Pool† is about the couple Darla and Jon. The overarching theme in the story is: unhappiness in relationships, and failing marriages which both are very relevant to the society in which we live in. The author (Cory Campbell) is trying to shed some light on how it is being in an unhappy relationship. The main character Darla is a young woman, and even though we aren’t told her age, based on the quotes: â€Å"Darla herself, just older than the couple† and â€Å"now they were in year four†, I would conclude that the other couple are in their mid-twenties which I take to mean that she is in her late twenties. Darla doesn’t want kids, which is one of the minor themes in the short†¦show more content†¦He describes how the two couples are growing from each other and how Darla and Trevor eventually end up together since they are both trying to escape theirShow MoreRelatedLibrary Management204752 Words   |  820 Pages . . . . 378 . . . . . . . . . . . . . . . . . . . . 383 389 394 399 . . . . . 469 Preface Thirty years ago, when the first edition of this book was published, little had been written about the management of libraries and information centers. Those seeking advice, examples, and information about how to manage libraries were forced to search for answers in the literature of public administration or business management. Since then, there has been a growing interest in the topic reflected

Sex Is A Matter Of Chromosomes And Biology Essay - 1365 Words

Sex is biological, but culture is also embodied as food ways, health and activities which shape the body and influence secondary sex characteristics. Sex is anatomical and physiological attributes that refer to functions of reproduction. Sex is a matter of chromosomes and biology, genders are roles constructed socially, they can be variously interpreted changed, bent made ambiguous or heightened. Although genders are malleable, they must be understood by others in order to function. Understanding may be by all who see, or just by these with sufficient cultural insight. Properly recognized gender provides culturally defined rights, responsibilities, and expected behaviors. Among these may be a person’s choice of sex partners, but also the day to day navigation of divisions of labor engendered spaces. Throughout time there tends to be a male-female duality suggesting just two sexes and two gender roles, people are taught gender expectations and their gender is signaled to others . The western idea that gender behaviors are on a continuum between masculine and feminine is predicated on a cultural ideal which sees male and female as diametrically opposed and non-overlapping.. In â€Å"Allah Made Us: Sexual Outlaws in an Islamic African City† (2009) Rudolph Pell Gaudio works with men who are perceived as acting like women. Condemned by the Muslim and Christian majority, the ‘yan daudu form a minority group defined by their male bodies and feminine spirits, but in other ways carry outShow MoreRelatedThe Current Day And Age Essay1266 Words   |  6 Pagestopic. Back in the early 1950’s, there were very clearly defined gender roles for males and females. It is no longer as simple as it once was to define gender. Factors such as sociocultural influence, the scientific difference between â€Å"gender† and â€Å"sex†, and politics all play into gender roles and gender identity. America’s cultural idea of masculinity and femininity can also differ from other cultures making it a unique definition. It is very important for people to discuss gender in order to exploreRead MoreHow Hermaphrodite Children Should Not Have Gender Assignment Surgery1050 Words   |  5 PagesStage 1 Biology Issues Investigation – Cells and organisms Hermaphrodite children should not have gender-assignment surgery as an infant but should rather have the choice to do so as an adult. Introduction: Believe it or not, hermaphrodites are more common than you would think. But at birth, their parents think they’re doing their child a favour by having them undergo surgery to being just one gender rather than both. Is this justified? Are parents and doctors right to do this to the life of a childRead MoreA Study On Genes And Function Of Complex Eukaryotic Genomes Like Humans1504 Words   |  7 Pageseukaryotic genomes like humans. If the genes can first be studied and experimented on in good model organisms then they can progress to helping solve human’s genome mysteries. The specific gene in this study was the sex-linked white-eyed trait and it has been used by others to solve human recessive sex-linked diseases. The goal was to use the knowledge of genetics to find the parent generation’s genotype when only been given the F1 generation’s phenotype. If the F2 generation were to show any double recessiveRead MoreHomosexuality: A Natural or a Chosen Life923 Words   |  4 PagesHomosexuality, Natural or A Chosen Life? Today, America is still faced with segregation issues, only today it isn’t about the color of skin but about your sexual orientation. A private matter that is suppose to be between two individuals, whether they are heterosexually or homosexually married, has become an issue of society. When it comes to finding a job, getting married, and all the legal rights involved in a marriage, homosexual couples are criticized and in some states not allowed. If it isRead MoreThe Effects of Hormones and Behavior on Gender Identity1598 Words   |  7 Pagesunderstood as it is much more complex than just getting a sperm and egg cell to join; an XX or an XY genotype is only the first part in gender identity. There are many biological, psychological and sociological factors involved. The biological includes chromosomes, gonads, prenatal hormones, internal accessory organs, external genital appearance. The psychological includes assigned gender role and gender identity. The sociological could come from family, mass media and society (Kenyon, PhD, 2006). SammonsRead MoreThe Boy and Girl Dilemma: Sex and Gender Dismantled1279 Words   |  5 Pagesconsequences of this autocratic ‘gender/sex binary exclusive’ mindset are deadly. The feminist movement, as well as the anti-feminist reaction, has sparked an incline in the study of gender, sex, sexuality, and the differences between what is considered ‘male’ and/or ‘female’. To define the origin and legitimacy of gender, begin first by understanding ‘biological sex’, the binary (male vs female) in which our society as selected our cultures gender roles. Chromosomes (male: XY, female: XX), genitaliaRead More Gender Identity Disorder Essay1594 Words   |  7 PagesGender, Sex, Sexuality: Separate and NOT equal. First and foremost, a few key terms to keep in mind while reading this paper. Sex†: refers to the biological and physiological characteristics that define men and women.[1] â€Å"Gender†: refers to the socially constructed roles, behaviors, activities, and attributes that a given society considers appropriate for men and women.[2] â€Å"Gender identityâ€Å": an individuals self-conception as being male or female, as distinguished from actual biologicalRead MorePhysical Body And Genitali The Biological Perspective1452 Words   |  6 Pageswomen’s roles in society because it always was that way. A simplistic explanation of chromosomes states that those with Y chromosomes are male and those without are female but as we know, it’s more complicated than that. Chromosomes have a big influence in the development of children within the womb, as well as hormones like testosterone and estrogen. When genitalia’s appearance begins to contradict chromosomes and sex hormones, identity becomes much less clear cut. Historical practice has been to useRead MoreHomosexuality, Genetics or Preference? Essay800 Words   |  4 Pagesand or behavior between people of the same sex. In origin the word homosexual comes from the Greek word for â€Å"same† with the Latin word for â€Å"sex†. In my o pinion, homosexuality can be classified into two groups - one being sexual orientation and the other being sexual preference. Homosexuality as a sexual orientation refers to an enduring pattern or disposition to experience sexual, affectional, or amorous attractions primarily towards people of the same sex. It also refers to an individual’s sense ofRead MoreThe, Ideas, Interactions And Institutions By Lisa Wade And Myra Marx Ferree905 Words   |  4 Pagessociety and biology, and that they come hand in hand. That both nature and nurture make us human because there are too many facts from each side of the argument to say that one is more influential than the other. Our biology is what differentiates males and females, and our sense of self develops from the interaction with other humans and society. To start off I am going to break down each side of the argument. On the nature side of the debate many people will argue that it is our biology that differentiates

A Critique Of An Intake Form - 1216 Words

Intake Form Critique In this paper, I will provide a critique of an intake form typically utilized by community behavioral health agencies in the state of Arizona. For providers managed by Cenpatico, the regional behavioral health provider (RBHA), the intake process involves completion of the CORE assessment. When a Case Manager or Recovery Coach refers a client to other specialty agencies, a copy of the CORE assessment is required. In a way, it is standard form utilized by many providers. Each agency may have different procedures whether the CORE is completed by staff on paper or via a computer through respective electronic health record systems. For our agency, the CORE is completed online with conditional logic where it allows the†¦show more content†¦This leads to an intake session extending beyond two hours, hindering the rapport between the Clinician or client. Intake sessions that take considerable time may also discourage the client to return to the next session due to fear that all services will be lengthy and tedious. To reduce these incidents but to also ensure a comprehensive assessment, the Clinician should be well versed with the order of questions to transition effectively. A Clinician who is also familiar with the CORE can jump to various sections as the client provide relevant data, which is more effective than asking to hold their thoughts until the appropriate section is reached. Are the questions reading level appropriate for the clients? Please explain your answer. The CORE is designed to be utilized in an interview or discussion format, not as a self-report questionnaire to be written in by the client. But in regards to the reading level, the CORE is appropriate for staff and clinicians with at least a high school diploma. The language utilized is also meant for a lay audience with minimal mental health jargons. Some examples of questions within the CORE include: â€Å"what are you seeking help for today?†, â€Å"how often are these an issue for you?† and â€Å"how will you know if things are better/improving?† (Cenpatico Integrated Care, 2006, pg. 14-15). Are the intake forms available in the language appropriate for the population the agency serves? In addition to English, the COREShow MoreRelatedIntake Form Critique : Intake1332 Words   |  6 PagesIntake Form Critique Intake is an important first step in developing a helping relationship with clients. Hepworth et al. (2013) note that as social workers, we must conduct multidimensional assessments of the problem in order to â€Å"identify the systems that play a significant role in the difficulty,† and also be able to â€Å"identifying relevant resources that can be tapped or must be developed† in order for treatment to occur. Conversely, if these assessments lack important information, cliniciansRead MoreMental Health Intake Form Critique. After Reviewing Several1545 Words   |  7 PagesMental Health Intake Form Critique After reviewing several mental health intake forms on the Internet, I selected the intake form from The Maple Counseling Center (TMCC) which is located in Beverly Hills, CA. The Maple Counseling Center focuses on delivering a variety of mental health services to clients of all ages, including youth, adults, couples, families, and group therapy. The actual intake form is four pages long. The intake packet that I downloaded was a total of 13 pages, but the additionalRead MoreThe Mental Health Multidimensional Intake Form For Clients Beginning Services At Fairview Counseling Centers Essay1248 Words   |  5 Pages Intake Form Critique Shelli J. Ness SWG 510: Foundation Practice I Arizona State University Online Fall 2016  Introduction In this critique, I will examine the mental health multidimensional intake form for clients beginning services at Fairview Counseling Centers in Minneapolis, MN. According to their website, this center encourages clients to have the intake forms completed before their initial intake appointment (2016). There are different forms depending on the client’s age and needs. ForRead MoreNutrition and Food Guide Servings1201 Words   |  5 Pagesadvertising pamphlet or the Internet. The article is to be from the popular press (directed at consumers) not from scientific literature. A copy (or photocopy) of the article must be submitted with your assignment. [1 mark] Write a critique (in point form) on this article. Include the following information: a. Identify the topic (this is not always the title of the article) of your article and where it was published (i.e. where you found the article). [2 marks]. b. Describe theRead MoreThe Navajo Nation Division Of Social Services1088 Words   |  5 PagesIntake Form Critique The Navajo Nation Division of Social Services (NDSS) intake form is used by three agencies under the NDSS umbrella for various services including child welfare for reservation residents, Indian Child Welfare for ICWA/state collaboration, local and off reservation adoption, as well as clinical treatment services. The intake form was developed in 2011 with the intent to gather and report Adoption, Foster Care, Analysis Reporting System (AFCARS) data to the federal government andRead MoreThe Health Issue Of College Students965 Words   |  4 Pagesdrinking rates within college have been know to sky rocket after transitioning out of high school, and moving forward as and adult. A critique of Berg, Ritschel, Swan, An, and Ahluwalia (2011) study, examines the correlation of hope in relations to alcohol use, binge drinking, smoking, exercise, and limiting of dietary fat among undergraduate college students. Critique of Research Problems, Research Questions, and Hypothesis The purpose of the study was to test the â€Å"hope in engaging in healthy behaviorsRead MoreCritique of an article from the Journal of Applied Physiology1124 Words   |  5 PagesCritique of an article from the Journal of Applied Physiology Effect of different protocols of caffeine intake on metabolism and endurance performance Introduction In 2002, a group of Australian researchers published a paper entitled the Effect of different protocols of caffeine intake on metabolism and endurance performance. Caffeine use during sporting events has become much more popular and has widely studied. The purpose of the research was to examine the work increasing (ergogenic)Read MoreDietary Counseling As A Platform For Preventive Therapy Essay1708 Words   |  7 Pages  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Over the years, there has been an emphasis on the need to watch one’s dietary intake in the wake of the many lifestyle and sedentary diseases. As a result, many healthcare practitioners have undertaken dietary counselling as a platform for preventive therapy to many diseases. In recent times, one key area that has received extensive attention in regards to nutrition is cancer. Despite the existence of many forms of cancer, global studies in conjunction with the National Cancer Institute agreeRead MoreAlcohol COnsumpt ion and the Risk of Dementia1341 Words   |  5 Pagesfor centuries, mainly due to its sometimes damaging effects on consumers. However, there are those who believe that consuming alcohol could actually prove to have health benefits as well. A study by Dutch scientists suggests that a low-to-moderate intake of alcohol could actually reduce the risk of dementia in elderly victims from age fifty-five and up. The article that outlines the study, titled Alcohol consumption and risk of dementia: the Rotterdam Study, introduces the experiment as a part ofRead MoreThe Health Risk Appraisal Tool1123 Words   |  5 Pages Link Completion of the Tool The health risk appraisal tool that I choose to complete and critique is titled My Life Check (American Heart Association, n.d.). Below is the link to access the tool. http://mylifecheck.heart.org/AssessmentTools2/main_en_US.html. This health risk appraisal tool provides great explanations and is easy to comprehend and can be completed rather quickly. I completed the assessment tool in five minutes. The appraisal tool asks simple questions that pertain to daily lifestyles

Cello Suites free essay sample

I will argue that It was due to one exceptional cellist, Pablo Calls who helped ring the pieces to the attention of the classical music community and express their musical appeal in the concert hall idiom. With Calls intuitive stylists, the cello suites infiltrated their way Into popular culture Bachs cello suites are among the best known works of classical music (Sibling, 2009: Would, 2007), however, this was not always the case. It was not until a young Catalan cellist, Pablo Calls, discovered these monumental baritone works and performed them in 1901, that they rose onto concert platforms, Justified as real musicmonsoons, 000. . 660: Sibyls, 2009). This exploration of the unaccompanied cello suites was a new revelation in the music community, partly because for the best part of two centuries they were only used, almost exclusively as common practice exercises Monsoons, 2000, p. 660: Blue, 1980, After a decade and a half of perfecting the pieces, Calls toured over twelve cities in 1903 and 1904 promoting his evident romance with the suites (Sibling, 2009). We will write a custom essay sample on Cello Suites or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page As the knowledge of the suites increased, more cellists took on the challenge of perfecting these works. Eke Dutch cellist Manner Balsam, who dedicated a good part of his life to the cello suites.In this way, a new medium emerged which saw composers become more interested in the cello as a solo Instrument. Thus Bachs cello works consequently became more popular among performers and listeners alike Monsoons, 2000, p. 660). The unaccompanied cello suites popularity Increased substantially after Calls reinvigorated interest in them, not only was his performance considered revolutionary, so was his interpretation (Blue, 1980, p. 143). Because these pieces ere thought only as technical exercises they were only ever performed with little musical depth Monsoons, 2000, p. 60), however Bach was never one to create something without meaning (Window, 2007). It Is hard to specify how the suites were Intended, as Bachs original manuscript is lost and the copy that closely depicts his Is Anna Magdalene Bachs transcription (Johnson, 2000, up. 660-661 ). Like most Baroque music there was little indication of how the piece should be played in the scores, so it was almost expected of the performers to Intuitively add it themselves. When Calls was presented with the Anna Magdalene copy he had the opportunity to reinvent the suites (Woodlot, 2007).Calls embellished, expressively accentuated and romanticists the pieces in accordance to his interpretation (Window, 2007). He added slurs and rubout to the prelude (Window, 2007), which were styles developed throughout the romantic era (Stilwell, 2002), styles that he grew up with, so it was only natural for him to play the pieces that way. This aided in the development of the pieces popularity as they had a Tory and a character about them, which made them more relatable to the audiences that were already accustomed to and fond of romantic music (Sibling, 2009).In the last ten years, Bachs unaccompanied cello suites, particularly the prelude, have found a place in popular culture with an appearance in the film Master and Commander (Universal Pictures, 2003) and in an advertisement for Volvo cars (2010). In doing so, audiences became more commercially exposed to Bachs Cello suites to such an extent that in 2007, the suites reached number one on the tunes classical USIA chart (Sibling, 2009, p. 8). But the fashionably of Bachs cello suites may lie more in the intrinsic beauty of the pieces more so than their use in films and ad campaigns.There is a multiplicity of genres suggested throughout Bachs cello suites (Sibling, 2009, p. 9). Eric Sibling argues that even though the music is from the baroque period one can hear peasant tunes with Juxtaposing post- modern minimalism, spiritual lamentations contrasting with heavy metal riffs, medieval Gigs and movie soundtracks (Sibling, 2009, p. 9). With such variety in the music and the stories created in each suite (Sibling, 2009, p. ), it may well be that Bachs pieces have found a place in popular culture due to this musical complexity and cultural versatility. If it were not for Pablo Calls intuitive performances the pieces, the piece may not have risen to their status today and may well have been relegated as mere exercise. His romantic rendition introduced Bachs cello suites to the world as concert pieces, which in turn inspired more cellists, composers and other musicians to delve into the interpretation of the cello suites.