Ethics Essay Example | Topics and Well Written Essays - 2000 words - 8

Morals - Essay Example Area 2 of the BCS Code of Conduct unmistakably states on explicit duty in the business condition: â€Å"You will have respect to the authentic privileges of third parties† (bcs.org, 2009). It is plainly recognized that the term outsider comprises of likely contenders or any individual from the open society who could be antagonistically influenced by specific components of a data innovation framework without their full information on these exercises. In Joan’s circumstance, there is obviously a moral situation as none of the previously mentioned open authorities or corporate officials know that data about them is being put away, got to, and examined in the INF Ltd. database. In spite of the fact that it has not been offered with regards to why this data is really being gathered, essentially assembling data for future or current use about these authorities and open figures makes rebelliousness to moral commitments of the business. This data could be being gathered to offe r to contending associations in comparable business markets, as one model. Joan has a commitment to perceive that these exercises are shameless dependent on the BCS Code of Conduct and she has genuine worries over how this data is being taken care of and prepared. If any of this data may be given to other outsiders, there are boundless chances to make hurt the people whose data is being gathered. â€Å"You will maintain a strategic distance from any circumstance that may offer ascent to an irreconcilable situation among you and your significant position. You will make full and quick revelation to them if any contention is probably going to happen or be seen by an outsider as liable to occur† (bcs.org). In Joan’s circumstance, she has been decided for the assignment of gathering this data thusly an irreconcilable situation has been made among herself and her boss, however possibly

Adolescent Observation Report Essay -- Adolescence Development Observat

Classified Material The names utilized in this Adolescent Observation Report are imaginary. This is completely important to ensure the protection of the juvenile being watched. Individual watched: Mary Age: 18 Sexual orientation: Female General depiction: about 5’2†, dark hair, earthy colored eyes, around 100 lbs. Spot of perception: at my work, World of Tile Company Others present: Other collaborators Social gathering: Chinese Physical Development Mary has contacted her body stature at 5’2†. Despite the fact that, when she was more youthful she needed to take development hormones since she was not developing when the remainder of her friends were. She was a late designer and didn't begin adolescence until she was 17. Mary is dynamic in school exercises, for example, clubs and softball and tennis. She is facilitated in her games and furthermore quick. Mary was simply offered a full grant to play tennis at State University. Sustenance and wellbeing propensities comprise of eating a solid, even eating routine. She seldom eats cheap food, and never eats desserts. She by and large attempts to keep up a nutritious eating routine since she needs to prevail in tennis. Subjective Development In school, Mary is a B normal understudy. She is a Senior in High School and is going to State University in the fall, 2015. Her family moved to the United States when she was extremely youthful, so she has been in American schools since pre-school. Her perusing and composing aptitudes are really normal, yet she surpasses in math. Mary is extremely mindful...

Tea Party Essay Example | Topics and Well Written Essays - 750 words

Casual get-together - Essay Example In the end Americans imported tea from Netherland and sold it at a cost even lower than the British tea. Painstakingly sorted out by loyalists the â€Å"Tea Party† was an arranged association prepared to lose a lot of cash if British offered tea to America at such a low rate. It is remembered that Boston was by all account not the only locale taking an interest in the casual get-together. It was a round of tricking each other. While East India Company chose to empty the supply of tea rejected by the Americans at costs even lower than the underground market, these dark advertisers masterminded a progression of casual get-togethers as a manipulative act.1 How did it start? The casual get-together began as a war between the Britain and its states that would not purchase tea from British East India Company since it was selling tea at a low cost. The misconception among the Indians was that it was being sold at an extremely significant expense. Yet, the circumstance bothered when t hey discovered that it was only to modify the expanded assessment required on them by the crown. The colonizers sold tea purchased from different areas at a much lower cost than the East India Company. ... Unashamed U.S. sway iii. Sacred originalism†.3 all the way back in 1773 Samuel Adams asked the Governor of Massachusetts Thomas Hutchison to maintain a strategic distance from strife and denounce the British from stacking tea in the provinces which was rejected by Hutchison. Adams himself organized an enemy of tea development with 8000 men shorewards. The Governor had would not decrease Britain from emptying. The last upheaval was an endeavor by fifty deliberately picked men who intended to assault the British ships.4 The Tea Party of the twenty-first century isn't simply the just one partner with the Boston Tea Party of 1773. The later fomentation from conservative populist was after the arrival of the film â€Å"Network† in 1976 where a man yells and calls himself as â€Å"mad as hell† asking the crowd to rehash the same.5 What impact does it have on our governmental issues? The genuineness of the Tea Party remains the purpose of investigation for the majority o f the political figures. They need to address whether it is an authentic change by the crown or is it a minor motivation by the conservative media to encourage it for their own motivations. The Democrats have called these arrangement of happening developments in the American history as worthless or â€Å"Astroturf† meaning a development having no grassroots. In 2010 President Obama, an objective of the Tea Party himself looks for those in the external hover with â€Å"legitimate concerns† while disregarding the ones at the center who may be keen on downgrading him using any and all means. Almost 25 to 30 percent of the surveys show that there is support for the Tea Parties. Gathering is utilized plural since it exists on a few levels, fusing contending groups now and again as free confederations. These supporters make up to a huge number of Americans. Casual get-together activists are irate with the

January Effect Or Turn Of The Year Effect Finance Essay - Free Essay Example

Sample details Pages: 6 Words: 1895 Downloads: 8 Date added: 2017/06/26 Category Finance Essay Type Argumentative essay Did you like this example? Chinese New Year is an important celebration that necessary been celebrated by all the Chinese in the world. That is more than 1.3 million Chinese around the world (World Popolation 2012, 2013), therefore, Chinese New Year already be treat as a important festival that necessary be celebrated and be include as a public holiday for most of the Asia country such as Malaysia, Singapore, Taiwan, China, Hong Kong, and South Korea (Chinese New Year, 2013). Stock market will be always changes according to the variation of environment such as different holiday on different country will affect the stock price differently. Don’t waste time! Our writers will create an original "January Effect Or Turn Of The Year Effect Finance Essay" essay for you Create order Chinese New Year is one of the holidays that will affect the stock market in most of the Asia country such as Malaysia. The stock market exchange will become anomalies on before, during and after the Chinese New Year period, which is known as Chinese New Year effect (Chinese Lunar New Year: Year of the Snake, 2013). Chinese New Year effect that occur in banking industry, may because by the different demand and purchasing on the market in before, during, and after Chinese New Year. For example, before the Chinese New Year is coming, most of the company will award yearend bonus to their employees. Besides, preparation before Chinese New Year such as buying some traditional New Year decoration, food, drink, clothing, shoes, and accessory. That will relatively increase the demand and purchase ability in a period of time (Chinese New Year, 2013). In this research, two stocks in same industry will be selected and the data period for both stock price and market index shall starts from 1st January 2007 until 2nd February 2012. Those will using the up to date data to observe the relationship between Chinese New Year and stock returns. Literature Review January effect or turn-of-the-year effect January effect or called turn-of-the-year effect is a good example of seasonal abnormal in security markets around the world. During turn-of-the-year, certain types of securities produce positive abnormal returns. Stock prices tend to rise during the starting of the last trading day in December and ending on the fifth trading day of January. Rozeff and Kinney (1976) found a seasonal pattern in the New York Stock Exchange (NYSE) index over the period of 1904 to 1974. The average monthly return in January was about 3.5 percent, while the average return in other months was just 0.5 percent. The average return in January appeared to be seven times higher than returns for other months (Lim, Ng, Chong, 2010). Keim (1983) found that the abnormal return is related to the stock market capitalization. As such, small capitalization stocks outperform large capitalization stocks in January, as small capitalization stocks post a higher abnormal return than large capitalization stocks. Reigan um (1983) confirmed that the January effect is a small capitalization phenomenon (Su, Dutta, Xu, Ma, 2011). The Weekend Effect Doyle and Chen (2009) suggested a weekday effect that the day-of-the-week changes over time. As pointed out by Cross (1973), the weekend effect involves negative returns to stocks between Friday and Mondays close has been analyzed in the literature. Several studies have investigated the reversal of the weekend effect. Brusa, Liu, and Schulman (2000) discovered that Monday returns for U.S. stocks were positive and the largest during 1990s. Brusa, Liu, and Schulman (2003) showed that weekend and reverse weekend effects exist in a wide range of industries and that the effects are similar across months. Brusa and Liu (2004) found that the positive Monday returns are concentrated in the first and third weeks of each month, while Brusa, Lui, and Schulman (2005) showed that the reverse weekend effect is correlated with the previous Friday return. Thus, positive Monday returns for large stocks are likely to be observed after positive Friday returns. Seasonal anomalies These seasonal abnormal include holiday effect, day-of-the-week effect, and month-end effect. Most of the interests are seasonality began in 1966 when a market technician, Arthur Merrill, identified an obvious trend of stock prices on certain days of the week, at certain times of the month, and around holiday seasons. Merrillà ¢ÃƒÆ' ¢Ãƒ ¢Ã¢â€š ¬Ã… ¡Ãƒâ€šÃ‚ ¬ÃƒÆ' ¢Ãƒ ¢Ã¢â€š ¬Ã… ¾Ãƒâ€šÃ‚ ¢s (1966) work on literature aimed at both identification and explanation of these seasonal irregularities in asset returns. Several studies have studied the securities prices having abnormal returns over the weekend, that is, the day-of-the-week effect. French (1980) shows that US common stocks held over the weekend earn a small negative return. Gibbons and Hess (1981), and Keim and Stambaugh (1984) also provide empirical evidence that supports this weekly stock return. Ariel (1987) examines US. stock indices returns from 1961 to 1981 and finds stocks appear to earn positive average returns only around the beginning and during the first half of calendar months, and zero average returns during the second half. Holiday effect According to the efficient market hypothesis (EMH) by Fama (1970), stock prices follow randomly and past information cannot be used to predict the future. Therefore, there should be no abnormal returns on special occasions such as holidays. Lakonishok and Smidt (1988) significant return before US public holidays. These pre-holiday returns are two to five times higher than returns before a weekend and 23 times higher than those on normal days. These results are confirmed by several other studies, such as Pettengill (1989) and Ariel (1990). These studies all focus on developed financial markets (Dodd Gakhovich, 2011). A number of studies have also examined the post holiday effect. Lakonishok and Smidt (1988) find insignificant post-holiday returns until 1952 and significant positive returns afterwards. However, Kim and Park (1994) document negative post holiday returns for the UK, and Lee et al. (1990) for Korea and Singapore. The magnitude and statistical significance of pre hol iday returns may vary on specific holidays. Returns prior to religious holidays tend to be higher than returns of other holidays. Chan et al. (1996) show significant pre-holiday effects before cultural holidays in Asia. Specifically, Malaysia sees abnormal returns before Chinese New Year. Chinese New Year effect Gao and Kling (2005) also found a pattern of market return in both Shenzhen and Shanghai stock exchanges with the highest return in February, but it is insignificant as well. The explanation for the seasonal high return in February in China is that February is the turn-of-the-year in China, as the Chinese Lunar New Year usually begins in late January or sometime during February, rather than the calendar year. However, Zhang and Sun (2003) by examining the seasonal anomalies in China, reported that there is no January effect or a February Chinese New Year effect on the Chinese stock market. But a significant and positive March effect was found. The explanation is interesting that they consider that the March effect in China reveals the political nature of financial anomalies in the country. March is the political high season in China and in March political window-dressing is caused by political maneuvers (Chinese New Year, 2013). Methodology In order to examine the impact of C hinese New Year on the stock performance in 2012, we is required to select two stocks in the same industry and also searching for their daily stock prices from the yahoo finance. After that, download the daily market index of Malaysia such as FBM KLCI from the yahoo finance. The industry be chooses is financial industry and the two stocks be chooses is Hong Leong Bank and Public Bank. Next, the data period for both stock price and the market index are starts from 1st Jan 2007 until 2nd Feb 2012. The event window for these two stocks is -5 to +5 it is mean that is lags 5 days and leads 5 days are used for the detection of CNY effects. The event day is set as 0 and the period from 1st Jan 2007 to -6 serves for the estimation period. In terms of the calculation, we are required to estimate the daily returns for the both stocks that chooses and FBM KLCI. Second, regress the stock return against market returns in the estimation period (1st Jan 2007 until 2nd Feb 2012) in order to e stimate alpha and beta coefficient for the companyà ¢ÃƒÆ' ¢Ãƒ ¢Ã¢â€š ¬Ã… ¡Ãƒâ€šÃ‚ ¬ÃƒÆ' ¢Ãƒ ¢Ã¢â€š ¬Ã… ¾Ãƒâ€šÃ‚ ¢s stock ( Hong Leong Bank and Public Bank). Third, apply the estimated alpha and beta coefficient in the Capital Asset Pricing Model (CAPM) in purpose to compute the expected return of companyà ¢ÃƒÆ' ¢Ãƒ ¢Ã¢â€š ¬Ã… ¡Ãƒâ€šÃ‚ ¬ÃƒÆ' ¢Ãƒ ¢Ã¢â€š ¬Ã… ¾Ãƒâ€šÃ‚ ¢s stock in the event window by using Capital Asset Pricing Model (CAPM) formula. Capital Asset Pricing Model (CAPM) formula as follow: Where: = risk free rate = Beta = return on market Then, subtracting expected return from the estimated return in order to calculate the abnormal return (AR). The formula as following: Where: R = estimated return E(R) = expected return Where: P = Price t = Period of year Analysis Table 1 Event window of Hong Leong Bank Hong Leong Bank Date R(i) R(m) AR 2012/1/16 -5 0 -0.00924 0.002544 2012/1/17 -4 0.0018365 0.006802 -0.00083 2012/1/18 -3 0 -0.0013 -3.2E-05 2012/1/19 -2 0.0091325 -0.00038 0.008799 2012/1/20 -1 0.0090498 0.003849 0.007346 2012/1/23 0 0 0 -0.00045 2012/1/24 0 0 0 -0.00045 2012/1/25 1 0.0178576 -0.00191 0.018021 2012/1/26 2 0.0262024 0.002694 0.024873 2012/1/27 3 0.0085837 -0.00194 0.00876 2012/1/30 4 -0.0172418 -0.00484 -0.01612 2012/1/31 5 -0.0122486 0.005101 -0.01436 Graph 1 The table 1and graph 1are showing the stock price flow of Hong Leong Bank in the pre-Chinese New Year until post-Chinese New Year. According to the graph, we can realize that the stock price is flowing downward before the 3 or 4 days of CNY. In the financial industry, that will be a normal situation will be form before the CNY. This condition may be cause by the large funds transfer before the CNY especially for the company. Norma lly, most of the company will award the yearend bonus to their employees before the CNY (Chinese New Year, 2013). Bonuses usually be given is 2 or 3 month or more than 3 month per person, therefore, there will be a large funds transfer between the company and bank. Besides, for the individual will many increase their funds transfer in order to make some preparation before Chinese New Year such as buying some traditional New Year decoration, food, drink, clothing, shoes, and accessory. That many because by the Chinese New Year effect however that also may be affect other effect such as holiday effect. The magnitude and statistical significance of pre holiday returns may vary on specific holidays. Returns prior to religious holidays tend to be higher than returns of other holidays. Table 2 Event window of Public Bank Public Bank Date R(i) R(m) AR 2012/1/16 -5 -0.00152 -0.00924 0.000724 2012/1/17 -4 0.00304 0.006802 0.000778 2012/1/ 18 -3 0.004542 -0.0013 0.004557 2012/1/19 -2 0.001509 -0.00038 0.001264 2012/1/20 -1 0.003012 0.003849 0.00158 2012/1/23 0 0 0 -0.00035 2012/1/24 0 0 0 -0.00035 2012/1/25 1 0.001503 -0.00191 0.001687 2012/1/26 2 0.005988 0.002694 0.00488 2012/1/27 3 0.002981 -0.00194 0.003176 2012/1/30 4 0.005935 -0.00484 0.006944 2012/1/31 5 0.001478 0.005101 -0.00031 Graph 2 The table 2 and graph 2 are showing the stock price flow of the public Bank in the pre-Chinese New Year until post-Chinese New Year. For the stock price flow of Public Bank we can realize that there are pretty similar with the Hong Leong Bank, however this similarity may because by the Chinese New Year period effect. However the stock price of Public Bank may also be affect by the announcement that announce before the CNY which is on January 11, 2012 (Gerenal Announcement, 201 2). This announcement can be categories as a general effect and that will affect the performing of the stock market. General effect means that, this effect may be usually happen in any time anyway. Conclusion According to the two tables and graph above, we can realize that both of the graphs are showing the similes flowing in before, during and after the CNY. However, that is some different between this both stock that choose specially in middle of the CNY. In the middle of the CNY, the stock price of both bank are starting going upward. The stock price of Hong Leong Bank are direct climbed to a high point and then slipped. Public Bank stock price are starting going upward and slipped a little bit, after that direct climbed to a high point and then slipped. That may be related to the announcement that Public Bank announce on January 11, 2012.

Questions On Intellectual Property Rights - 1475 Words

Debate Paper: Intellectual Property Rights The world that exists today was built on two things: innovation and the pursuit of one’s self interest. Our founding founders believed intellectual property to be a way to encourage innovation. Intellectual property (IP) is what ties these two building blocks together. IP is a property right that is granted by some form of government. The government strictly enforces individual property rights, which some believe tends to attract more investment, grows faster, and thus has better outcomes for its citizens. Others believe that IP is an intellectual monopoly that controls people’s creativity and imagination. The economists, who believe IP is a necessity in today’s society, say that there are only†¦show more content†¦If one spends time coming up with a drug, it is up to them if they want to share it to the world. They believe that there are more important issues rather than making profit like the fact that recreating the drug is effective to the economy an d will improve health. That $800 million is an investment in bettering the world. Ao are Intellectual Property Laws necessary for our global economy? PRO Contentions IP allows for the rights of the creator to be protected IP is good for business Profitability and market stability PRO (Kaweah): IP allows for the rights of the creator to be protected. This does not always mean that you came up with the idea, turned it into something, and then had the copyright for it; however maybe you had an idea and then your friend stole your idea and made something of it. This is in violation to your intellectual property rights. If you were to get rid of IP rights for the creator, you could be taking away potential creativity for innovation. Inventors, scientists, people with dreams would all be afraid to express their ideas and have then come into fruition for fear that the work would be stolen, copied and reproduced without credit to the original inventor. PRO: IP is good for business (Daniel) According to Dr. Kristina Lybecker, â€Å"IP-intensive industries have more than double the sales and capital spending as compared to non-IP-intensive industries. IP-intensive industries sustain greater long-term growth, generate trade

Joseph Bernardin Essay Example For Students

Joseph Bernardin Essay Cardinal Joseph BernardinCardinal Joseph Bernardin was born on April 2,1928, in Columbia, SouthCarolina. He was son of Mrs. Marie M. Simon Bernardin, and the late JosephBernardin. Cardinal Bernardin attended Catholic and public schools and theUniversity of South Carolina in Columbia. He was later accepted as a candidatefor the priesthood by Most Rev. John J. Russell, then Bishop of Charleston. Hestudied at the following Colleges: St.Marys, St. Mary, Kentucky, St.MarySeminary, Baltimore, Maryland, where he received the Bachelor of Arts degree inphilosophy. He also attended the Catholic University of America, Washington D.C. where he received the Master of Arts degree in Education in 1952. He was ordained to the priesthood by Bishop John J. Russell on April26,1952, in St. Joseph Church, Columbia. His administrative skills wereimmediately recognized. During his 14 years in the Diocese of Charleston, heserved under four bishops in many capacities, including the officed ofchancellor, vicar general, diocesan consular, and administrator of the diocese. On March 9,1966, Pope Paul VI appointed Msgr. Bernardin Auxiliary Bishopof Atlanta. In doing this he became the youngest Bishop in the county. On July10,1982, Pope John Paul II reappointed Archbishop Bernardin to Archbishop ofChicago. His installation took at Holy Name Cathedral on August 25,1982. LaterArchbishop Bernardin went to the College of Cardinals. On February 2,1983 hereceived his red hat.On September 9,1996 President Clinton awarded Cardinal Bernardin thePresidential Medal of Freedom. In presenting the Metal, the President citedCardinal Bernardins work on behalf of racial equality and arms control andnoted he has been a persistent voice for moderation. Cardinal Bernardin wasChancellor of the Catholic Extension Society and the University of St. Mary ofthe Lake,Mundelein,IL. He is a founding member and Vice-Chairman of the Religious AllianceAgainst Pornography. In the more recent years before his death, he was a memberof the Catholic Charities USA National Development Task Force and the Board ofTrustees of the Catholic Health Association as well as chairman of the ad hocCommittee on the Structure and function of the NCCB/USCC. Cardinal Bernardin received numerous honorary doctorates from collegesand universities in the US and Europe. Cardinal Bernardins extensive writingstouch open a variety of topics, religious, moral and social. One of these isthe famous and challenging Consistent Ethic of Life, a collection of ten majoraddresses on the topic of the Consistent Ethic.He touched us all!

Title Animal Farm Essays - British Films, Cold War Films, Allegory

Title : Animal Farm Author : George Orwell Date of first publication : 1945 Total number of pages : 112 Date started : 18 november 1996 Date finished : 21 november 1996 Enjoyment Rate (simply rate your enjoyment on a scale of 1-10): 7.5 Favourite moment, incident or chapter (with page references): My favourite moment is when Napoleon is false accusing four pigs of treachery and without any regret he orders to kill the four pigs. Then three hens say that Snowball appeared to them in a dream and he ordered them to disobey Napoleon's orders. They also were slaughtered. Some more animals confess to Napoleon, that they steel or did something else what wasn't allowed to do, according to Napoleon's laws. This al happens on the pages 68 and 69. Why did you choose this book? I heard that the book was easy to read. Point of view. Through whose eyes do we see everything take place? Through the eyes of the author. Describe this character: He doesn't like the communism. Setting. Where does the story take place? The story takes place on a farm in England. When does the story take place? Is has no effect on the story when it takes place, it's is only written to make fun of the communism. Title (Explanation of the title) Animal Farm is the name that the animals gave it, when they conquered the farm. Characters. Mention 2 or 3 of most important minor characters in the story. Boxer and Clover, both aren't very clever, but they can work very hard and all the animals look up to them. How do they influence the main characters? They don't really influence the pigs, but the pigs are just using them for all the hard work. Which character reminds you most of yourself? Why? Non of the animals reminds my of myself. Plot (brief outline): The owner of the Manor Farm treats his animals very bad. One day a smart pig (Major) has an idea of starting a farm which is runned by animals. After he died, two pigs, named Napoleon and Snowball, are starting to work out the plans of Major. After they chased the humans away, they took over the control. All the animals agreed with the plans of Napoleon and Snowball. But one day Napoleon chased Snowball away, because Napoleon accused him of talking to the humans, which was illegal. Then Napoleon took over the power and now he is the leader of the Animal Farm. At the end pigs, who are in charge, decided to trade with humans. Meanwhile the pigs were also walking straight up, just like humans. The pigs invited the human to there farm for a party. When the other animals look in the house, where the pigs live in, it was impossible to say which were which. How does the story end? The story ends with that the animals can't see the difference between the pigs and humans. Is the story rounded off completely or is there an open ending? The story is rounded off. Theme (Why has the book been written): To warn people against the totalitarian regimes and dictatorship.