The financial insecurities of commercial banks Essay

The financial insecurities of commercial banks - Essay Example A different article gives solution on how to curb the federal deposit insurance corporation losses on failed commercial banks. According to him, the FDIC losses can be reduced if the Federal Deposit Insurance Corporation Act of 1991 would be amended to allow FDIC authorities calculate the insured and uninsured depositors amounts for each deposited with several accounts in the same bank. The process of calculation will be done on a daily basis at the end of any banking day. This would be done by banks with at least two million deposit accounts. He suggests that within a large bank, this process will help a lot to allow insured depositors right to use their deposits within one business day of failure. Uninsured depositors are advised to share in the insolvency bank losses at the end of the blanking period. He suggests that this solution will apply to almost 37 banks as at the year 2014. The FDCI has tried to make the prompt corrective action initiative more determinable to secure the F DCI losses on the failing banks. The FDIC has used the test known as â€Å"least cost resolution† to protect uninsured depositors against any loss from their deposit accounts even in the failing banks. This article suggests that the entire franchise bank deposit insurance and the uninsured deposits be sold to one or more banks if this test would be successful to protect the uninsured depositors. This test aims at reducing the FDIC loss in a failed bank, by completely protecting the uninsured depositors against any financial loss.

Contemporary Cinema Essay Example | Topics and Well Written Essays - 2500 words - 1

Contemporary Cinema - Essay Example New roles are now defined with a working mother, a father and a child. The mother is no longer just a stay at home mom but she is now an equal bread winner (Coontz, 2000). Even though family roles have shifted considerably, the theme of childhood and family has remained fairly prevalent in movies over the years. What we see on screens is either what was, or what is in terms of family roles and behavior. Even the best of fiction needs a base on which to build upon. As Gillis (1996) observed, family life is the new form of entertainment in the modern world. All parts of family pervade the movie scene and it would seem that the modern script writer is always on the lookout for new stories to base a new movie on. It’s no longer debatable that the themes of family and childhood permeate contemporary film today. However, what is often not considered is just how much these themes permeate contemporary cinema. Inflation, urban sprawl and population increase in the early 1990s is what likely pushed stay at home moms to the market place (Dryden, 1999). This paradigm shift was also translated into film as seen in the introduction of working mothers as opposed to the stay at home mothers. The working class women betrayed the traditional loyalty to their husbands since they were no longer the sole bread winners. These women started to compete with their men on various family issues. Men felt a bruise on their egos and reacted with violence, as seen in The Burning Bed (1984). This marked the origin of domestic violence in cinemas. Marriages started to break up and children had to be raised by their step fathers and step mothers. These children were shown to lack proper guidance from their half parents and adopted bad behaviors and became violent as well. In 1996, the US government did a survey on the characteristics of the modern day family and the findings were grave. The research concluded that there had been serious anti-family downward

Postal rule Essay Example | Topics and Well Written Essays - 750 words

Postal rule - Essay Example Its main effect is that the danger of acceptance being lost or delivered late by post is completely placed on the offered. Thus, if the offered is unwilling to accept the risk involved, he can acquire the actual receipt before binding legally. (Cook, 2008) Acceptance and offer analysis is an age-old approach of contract law, which is used in order to determine whether there is an agreement between two individuals or parties. A number of things can be offered, like a fax, newspaper, letter, email and also conduct as long as it conveys the idea of the offered given in the contract. An invitation to treat is not considered as an offer as it only indicates that a person is willing to discuss a contract. If the person the offer has been made to rejects it, the offer is destroyed, as it cannot be received in the future. Like in the case of Hyde v. Wrench, in reply to an offer for selling an estate at a definite price, the plaintiff responded with a lower price. Thus, the offer was then refused and when the plaintiff wanted to buy the estate at the former price, they could not as no contract was signed with the initial offer and hence it did not exist. (Undy, 1996) In revocation of an offer, the offered can revoke the offer even before it has been accepted, but this revocation must be conveyed to the person offered to. If a certain offer has been made to the whole world, like in Carlill's case, the revocation must be in the same form as the offer. Acceptance is the final expression of agreement to the terms of the offer. There are several rules of acceptance. An acceptance must be conveyed; as before making an acceptance the offer can be withdrawn. Only the person the offer has been offered to can accept the offer. The latter, is not responsible if some other person accepts the offer without his knowledge. If any method of acceptance, like email or post, is specified in the offer, then only those methods can be used which are as effective as the one given. Lastly, like in the Felthouse v. Bindley case, silence cannot be taken as acceptance. The offer is rejected or terminated in case the offered dies. In such case if the offer is still accepted, it remains valid. However, if the person the offer has been made to dies, then the offer becomes invalid. (Hedley, 2006) In recent times, among the easiest of legal questions asked in the field of contract law is linked with the advances in computer technology and is whether the mailbox rule should be applicable to the most modern and very quickly becoming the most accepted mode of communication - electronic mail or simply email. Today we live in the silicon age and this age has given us the world of the cyberspace. It has been debated over and over again whether postal rule should be applied to email. Both post and email are almost same. An email does not directly reach its destination. Thus, the sender does not have any control over the message. It reaches its destination taking incremental steps just like post. Thus, none of the parties can be blamed for a delay. Therefore, we can see that postal rule can be applied to email. (Lasensky, 2005) In conclusion, it should be stated that the judges in Brinkibon also noticed that this mode of communica

Analysis of Globel Warming Essay Example | Topics and Well Written Essays - 1000 words

Analysis of Globel Warming - Essay Example It forms an invisible umbrella that reflects back radiation onto the earth instead of radiating it out into space. This causes gradual warming of the planet, as the consequence of‘greenhouse warming’ or ‘global warming’ indicates. Starting in the late 19th century, this journey towards increasing climatic crises and ecological imbalances started. The average temperature of the planet has increased. Sea levels have increased due to arctic glacier melting. Every year the sea level rises by millimeters and the trend seems exponential, posing a threat to all coastal cities. The chief cause of behind the menace of greenhouse gasses is the compound ‘chlorofluorocarbon’. This is the compound used for cooling purposes in domestic and industrial refrigerators and massive coolers. It is used in most of the cooling solutions like cold storages, ACs etc. These gasses break up the ozone layer. Similarly, other agents like vapor, carbon dioxide, methane, and nitrous oxide contribute to the greenhouse effect. The causes of rising in greenhouse gases are due to industrialization, agriculture, deforestation, incineration of several materials including waste and natural decomposition. Since the industrial revolution in the early 1900s, the rate of industrialization increased 40 fold and with it multiplied the emission of greenhouse gasses. ...the temperature of the earth, rise in sea level due to glacial melting and ozone hole What effect is predicted if greenhouse gas levels continue to increase at the present rate? If greenhouse gas levels are allowed to increase at their present rate it might initiate several natural catastrophes. The most fatal consequences for the earth and all forms of life on it would be an increase of sea levels, flooding of islands and coastal destinations. A dramatic effect could be submersion of entire coastal cities. The argument that Al Gore makes in the documentary ‘An Inconvenient Truth’ is not s ubstantial and I completely disagree with i. He says that the increase in greenhouses gas levels in the atmosphere due to an increase in carbon dioxide level is behind rising in the surface temperature of the earth. This is causing abnormal glacier melting every year, resulting in the disintegration of polar habitats of animals like polar bear, arctic seal, penguins, sea-lions, walruses etc. The truth, however, is that this is a natural cycle of warming up and cooling down of the earth’s temperature. The earth’s temperature, in truth, is ever-changing, always dynamic and either going up or down in a span of weeks, months or years. The very base of Al Gore’s argument that the earth’s surface temperature changing is detrimental to the environment and ecology is faulty. The world has witnessed an Ice Age when the temperature was below freezing point. Greenhouse gasses have nothing to do or a very small role to play in what we perceive as global warming. The earth is going through a warming up phase. For instance, Green Land was in its prime green phase in pre-history and its name sounds quite inappropriate in the present day.

Political Science, Human Trafficking and the CAST Organization Essay

Political Science, Human Trafficking and the CAST Organization - Essay Example Below are stories of victims who were exploited through labour with little or no pay at all. A company in Jordan to work in the United States of America promised Kumar Ramjali from Nepal. However, instead of being taken to United States, he was forcefully taken to Iraq to work for the US army. His passport was seized and was not given permission to leave for over four years2. A 30- year old Bosnian lady named Jana was also a victim of job scam. She went to Slovenia for further studies. On reaching there, she got a female friend who organised for her an accounting job. On the interview day, a woman interviewed her then abruptly two men came into the interview room, which ended the interview. The men forcibly removed her out, she was beaten and raped several times by the men, after which she was taken to a secluded place raped repeatedly and drugged with drugs. Jana escaped from the traffickers after four months and now she is advocating against trafficking3. Most of the victims and experts agree that a lot must be done in providing protection and assistance to those affected by human trafficking. Perpetrators of this violation of human rights should be punished and prosecuted. Coalition to Abolish Slavery and Trafficking (CAST) is an organisation in United States of America that provides services to trafficking victims. They have a client- centred approach in its interconnected activities to empower victims of trafficking in realizing their potential. They provide comprehensive services to trafficking victims, through provision of basic human needs, medical health care and legal services. CAST opened its first shelter in United States in 20044. It conducts policies that are aimed at advancing and protecting human rights of trafficking victims. It achieves these through experience and research of its clients both inside and outside the justice system5. It also provides training programmes to NGOs and IGOs that may

American individualism Essay Example | Topics and Well Written Essays - 500 words

American individualism - Essay Example Individualism becomes part of American culture as it is nurtured in the homes a children grew up. As a child, American children are taught to become independent, both emotionally and economically by their family. This kind of upbringing is observable on how American raise their children. For example, when an American child falls down, the child is encouraged to stand up by himself or herself as a way of teaching individualism. American children are also given their own rooms where they could do anything with it which nurtures individualism beginning at childhood. Individualism is also reinforced by society as the child grows up to become adult. Growing up, an American is often praised for doing things by himself or herself. Material success associated with the achievement of an individual is also glorified in American society. For example, individual success is featured in almost all of its media with all its material attachments making individualism a desirable trait because it is financially rewarding. American society also puts more credit on individual success than collective success. The long held American idealism of freedom which is present in America psyche also equates to individualism that further reinforces individualism. Individualism is continuously practiced in American’s everyday life that make it integral in its culture. Individualism permeates in every sphere of American life cementing it as a value among Americans. This is expressed in many ways in American society. For example, Americans respect individual effort more than collective effort compared to other cultures such as the Thai. American importance towards privacy and of leaving people alone to do their own business is also a manifestation of how individualism permeates and expressed in American’s everyday life. In sum, American individualism becomes part of American

Identifying a Problem and Developing a question Assignment

Identifying a Problem and Developing a question - Assignment Example Once a patient has a catheter placed in his or her system, the level of risk rises significantly to a daily incidence of 3-10% of bacteriuria. As such, nearly 10% to 30% of the patients that undergo short-term catheterization, between two to four days, develop bacteriuria, and similarly become asymptomatic. According to Friedman and Rhinehart (1999), nearly 90% to 100% of the patients who undergo long-term catheterization equally develop bacteriuria. Nearly 80% of nosocomial urinary tract infections relate to catheterization. Currently there is little knowledge about CA-UTIs judging with its vast prevalence, especially among the women. Urinary tract infection comes up through a number of complications, such as sexual intercourse, poor personal care, diabetes, bowel incontinence, pregnancy, problems emptying the bladder completely, and the blocked flow of urine, having a urinary catheter, as well as kidney stones. This problem is diverse across numerous places because of the lack of knowledge of the disease (Gould, 2014). Most health practitioners are usually unaware of the risks that may arise due to the patient’s long-term or short-term catheter usage. Consequently, this lack of information may promote the development and prevalence of the disease within the community. This possibility of an education deficit brings about more challenges to the treatment and management of the problem. The scope and impact of the problem is far worse than it projected because most of the cases are not always recorded. Elphern (2009) argues that the urinary tract infections (UTIs) are some of the most common nosocomial infections. In fact, CA-UTI accounts for nearly forty percent of the reported infections especially for patients under acute care hospitals (Elphern, 2009). In addition, nearly 80 percent of the UTIs are more associated with the presence of an indwelling urinary catheter. In most cases, a catheter associated UTI increases the