Explain what meant by the term Ricardian Equivalence. Does it meant Essay

Clarify what implied by the term Ricardian Equivalence. Does it implied that open charge doesn't make a difference Discuss - Essay Example It proposes that obligation the board frameworks that an administration utilizes can't influence the complete interest in an economy. Accordingly, the open will ceaselessly spare its abundance fiscal motivating forces to cook for the future increment in charge commitment. The hypothesis has been instrumental in a few countries remembering US for the administration of financial entanglements, for example, expansion. It gives essential motivations and rules that empower speculators in different economies to grasp the applications. Notwithstanding, it has been presented to analysis from different researchers and people who question validity. The partners express that the hypothesis is loaded with speculations and suppositions however need verifiable rules. They attest that it can't give verifiable answers for the current monetary elements. The importance of Ricardian Equivalence, conversation on open charge and its significance to financial expert Ricardian proportionality hypothesis holds that shoppers in different monetary set ups are consistently disguising their administration spending limitations. Monetarily, the hypothesis has genuine spending imperatives and capacities that speak to consumption in different monetary or financial periods as dictated by a legislature. Typically, the limitations are given in two periods (period1 and 2). They give a tenable methodology of how government use is shown up at and how key capacities that incorporate loan cost and estimation of property influence use rates. g1 + b1 = (1+r) b0 + t1 and g2 + b2 = (1+r) b1 + t2. As demonstrated g1 and g2 are key meanings of government spending in the two time frames while t1 and t2 indicate genuine duty income that an administration can gather inside the periods. Thus, b0, b1 and b2 speak to the estimation of the genuine resource property that an administration has toward the finish of the periods. As common r speak to the genuine financing cost between the monetary periods or period one and two separately. These compels gives a reasonable comprehension on how government consumption and allotment of assets is finished. It additionally encourages the comprehension of the commitment of every component in computing government consumption. This engages them to avoid the impacts of any expense changes that may impede their burning through ability. Duty varieties don't influence request levels since purchasers make satisfactory arrangements to counter the impacts of assessment increments. The hypothesis proposes that it is not, at this point a monetary issue if an organization funds its expenses with obligation or assessment raise (Ghosh and Ghosh 2008 p. 279). This is recommendable as indicated by the hypothesis in light of the fact that the wellsprings of fund can't influence the degree of interest for different protections and different wares in a monetary framework. This clarifies why open obligation stays a key wellspring of obligation account. It guarantees that buyers are padded from the impacts of monetary threats. To be sure, the hypothesis underlines the hugeness of obligation financing and increment in tax collection in guaranteeing the accomplishment of adjusted economy. Its improvement empowered business analysts to deal with the equalization of reward shortage successfully. This is basic in guaranteeing that a nation works inside its cutoff points and reinforces its inner asset selection parts. It additionally guarantees that customers and speculators consistently concentrate how financial plan is run, and make capital hold for future expense builds (Ghosh and Ghosh 20

Deductive and Inductive Methods of Research Essay

In the journey for coherent, legitimate and irrefutable logical answers there are two fundamental techniques for thinking used to move toward the topic to be contemplated. These are known as the deductive and the inductive methodologies. The two methodologies give very various lines of assault when endeavoring to demonstrate or invalidate social speculations. The data that is accumulated is utilized by social work scientists as supporting proof to build up associations among speculations and observational information. Rafael Engel and Russell Schutt, The Practice of Research in Social Work, clarify â€Å"Theories assist us with seeing how social issues develop; they control us in the structure of mediations to support people, gatherings or communities†(Rafael. Schutt. 2005. p. 39). On account of deductive thinking examines the exploration is started from a hypothetical premise, concentrated on a subject, and afterward limited to a; ‘If-Then’ theories that can be tried. Research is directed to assemble information through perceptions, to affirm or negate the speculations. Inductive thinking is it could be said an opposite report, all things considered through perceptions made that have at first gotten on specific patterns, or built up regularities that the speculations or hypothesis is created. In the field of Social work look into it isn't at all exceptional to use the two strategies for research, and Engel and Schutt allude to this as the â€Å"Research Circle† (2005. p. 45). Research frequently includes factors, and speculations regularly should confront different investigations to show up at a definitive answer. The creators refer to the Sherman and Berk’s, 1984, investigation of aggressive behavior at home â€Å"as a case of how the examination circle works†(2005. p. 43). They said that initially dependent on information with respect to spousal maltreatment a speculation was created in regards to capture rates. After information was explored that related with the hypothesis, the investigation was then caught up with inductive research dependent on the insights of the information assembled. As noted regularly the scientists will circumvent the circle various time, as Sherman and Berk’s study did, changing factors and techniques, to test a large number of speculations. As indicated by Engel and Schutt the â€Å"Inductive research process is all the more frequently the system utilized in subjective methods† (2005. p. 38), and that deductive is â€Å"Most frequently utilized in quantitative methods† (2005. p. 38).

Planning Your Premedical Career Gardeners and Architects

Part 1: The Best Laid Plans Competition for coveted medical school seats increases every year and with it the pressure on aspiring physicians to meet the ever-rising expectations of admissions committees. Whether you knew you wanted to become a physician since you could want anything at all or are planning on making a career change into medicine, it can be overwhelming to think about everything you will need to do just to be ready to start writing your application. George R. R. Martin once said there are two kinds of writers: gardeners and architects. Architects like to draw up blueprints, measurements, grand plans before even thinking about laying down a foundation. Gardeners, on the other hand, plant a seed, water it, and watch it grow, tending to the needs of the sprout as they arise. Your medical school application is the story of why you want to (and should) become a physician, so how are you going to go about putting it together? I don't think there is a single, right answer to that question, but I do bel ieve that every premed should strive to find their own balance between master planner and rolling stone. In this two part post, I'll talk about how each mindset might shape your premedical career. Part 1: The Best Laid Plans The bare minimum requirements for any medical school application consist of about two years’ worth of coursework (which varies from school to school), ample experience in the clinical setting, and, of course, an MCAT score. It is critical that you set yourself a timeline for hitting these milestones. Whether you are in an undergraduate or post-baccalaureate course, you need to understand the sequence and pace through which you'll complete the required coursework. This is where your academic advisor at your home institution can be an invaluable resource. The quality of academic advising can vary from institution to institution (indeed, from advisor to advisor), but every advisor at your institution should, at the very least, be familiar with the school's course catalog and hurdles faced by their premed students. Finding that first engaging and participative clinical experience is even more important, not merely because it is expected of you but because it is precisely this kind of experience which will tell you — very quickly — if medicine is right for you. I strongly advise all of my students to seek out clinical volunteering or shadowing before pursuing any other extracurricular activity. Medicine isn't for everyone and your undergraduate education is partly about discovering what kind of life, work inspires and drives you — locking in or ruling out medicine as early as possible can only benefit you. Reach out to a physician you know (even your own) and ask to shadow them or if they can recommend you to another physician who might be more willing. Avoid hospital volunteering positions unless they are explicitly patient-care oriented. Instead, look for volunteering positions in free clinics, community health centers (in my experience, they are always looking for help), or, if you can spare the time, as a medical scribe. You've laid out your course schedule far in advance and have had some encouraging patient-care experiences...it's time to start thinking about the MCAT. Don't be so eager that you start reading MCAT review books starting your freshman year; similarly, it would be an error to think that there is nothing you can do to prepare for the exam from your first day as a premed. MCAT review books are just that, review books. Without a strong foundation, you'll merely be cramming information into your head instead of absorbing the critical relations between concepts, themes, biological mechanisms and physical principles which the MCAT will ask you to apply. How do you build this foundation? By investing yourself in your coursework! It goes without saying that your GPA is important but if you make the effort to go above and beyond in your coursework to truly understand and internalize the material then your GPA will reflect that. Some students want to start reviewing MCAT flashcards alongside th eir regular coursework, but I'm here to tell you that your attention is best invested fully in the coursework itself. The MCAT is mainly an application exam, not a knowledge exam, so conceptual understanding, not rote memorization, is where you ought to focus your efforts until it comes time to study for the exam in a dedicated fashion. One last note about the MCAT: plan to give yourself time. Many students attempt to study for the exam for the first time alongside their regular coursework either because they feel rushed or don't want to sacrifice a full summer to the exam. I can understand that mindset. However, this single eight hour exam will be weighed as heavily as your entire collegiate academic career. Medicine is a marathon and not a sprint — there is always more time to bolster a sparse rà ©sumà © but your academic metrics are far more time consuming, difficult, and expensive to alter beyond the first attempt. Although not ideal, it's not the end of the world if you need to take the MCAT more than once to be a competitive applicant, but trust me when I tell you that nobody should plan to take that test twice, even if just for the sake of their own sanity. Part 2: Gardening "In the first place, in the physician or surgeon no quality takes rank with imperturbability...Imperturbability means coolness and presence of mind under all circumstances, calmness amid storm, clearness of judgment in moments of grave peril, immobility, impassiveness, or, to use an old and expressive word, phlegm.† - William Osler, Aequanimitas The path to medicine is long. Things happen; doors open and close; crises come and go; life intervenes. Flexibility and equanimity is just as valuable as thorough planning, if not more so. Aequanimitas, what Osler called imperturbability, is a cultivated trait. One must be prepared to face possibility head on and this includes the possibility that your plans may be stalled or fail completely. A common scenario I see is a student overburdening themselves with courses, commitments, activities, responsibility and unwittingly making undue, unwise compromises under the pressure of progressing as quickly as possible toward their imagined goal. These students have a mindset similar to that of a track runner preparing for hurdles: they see the obstacles in front of them and know they must jump so high and see themselves surrounded by others preparing to do the same. In hurdling, the goal is to clear the track as quickly as possible with the fewest errors; premed is similar in that you should work to clear each hurdle as cleanly as possible, but the race is an illusion in the mind of the competitor. So, the when our overburdened student starts to see a dip in their grades or fail to accomplish anything meaningful in their activities, they become discouraged, damaged even, and begin to flake on their responsibilities, health instead of responding to the problems at hand. Equanimity, or more simply grit, will help you through those tough times but merely weathering the storm is not enough to be a good gardener. If the student was, instead, a good gardener, they would plant a single seed at a time (starting with academics) and open themselves up to possibility, waiting for the right time and opportunity to diversify their efforts. This is what I mean by flexibility. It's this gardening mindset that helps you build a standout extracurricular rà ©sumà ©. The most impressive applicants will not necessarily have the most activities or hours, but they will have made a significant contribution to, and grown from, every project or organization they have chosen to involve themselves with. If you are filling each of your days with meetings and busy work on top of your academic responsibilities then you will never give yourself the chance reflect on what you do, to internalize the fruits of your labor, to glean the possibilities hiding all around you. It's those moments of leisure and reflection which open us up to ideas which might allow us to have a positive impact on the people and world around u s. You need to allow yourself that space. It's good for your health, too! Are you interested in learning more about medical school admissions? ; Want to read more about the process? Read on, dear reader, read on! How to Apply to American Medical Schools While Travelling Abroad (no matter how remote!) Constructing and Communicating Your Narrative as a Medical School Applicant How to Choose a Medical School Personal Statement Topic

Lung Cancer Symptoms, Treatment - Free Essay Example

Sample details Pages: 1 Words: 430 Downloads: 2 Date added: 2019/10/30 Category Medicine Essay Level High school Tags: Lung Cancer Essay Did you like this example? We believe that your diagnosis is lung cancer. Lung cancer is the growth of abnormal cells in your lungs that spread to lung tissue which causes the formation of a tumor. These abnormal cancer cells can also spread to other parts of your body, including your lymph nodes. Don’t waste time! Our writers will create an original "Lung Cancer: Symptoms, Treatment" essay for you Create order Being a heavy smoker, it was highly probable that you would acquire lung cancer. When the lungs are constantly exposed to the smoke from cigarettes, which is full of carcinogens (cancer-causing materials), it damages the epithelial cells of the lungs, and therefore causes the cells to develop cancer. Currently, you have a persistent cough, shortness of breath, and fatigue. The dyspnea can be caused by the tumor blocking your airway. Additionally, lung cancer may cause fluid to build up which also leads to shortness of breath. With shortness of breath, not enough oxygen is able to enter the body, therefore it is more difficult for cellular respiration to occur. This means that not enough carbon dioxide is being released from your body and not enough ATP is being produced for your cells. Seeing as your cells are are unable to access a sufficient amount of energy, you’ve become lethargic and fatigued. After doing a chest x-ray and a CAT scan, we found that you have a tumor on your upper-right lung field. We also did a sputum cytology, examining your mucus to look for cancer cells, which usually detects the cells 60% of the time, but it came out falsely negative. We also suspected you to have Bronchitis or Pneumonia. We ruled out Bronchitis because that would require you to have a persistent cold for two weeks prior, which to our knowledge, you did not suffer from. Additionally, after doing the chest x-ray and a CAT scan, the possibility of Bronchitis was eliminated because it would not cause you to have a tumor. Pneumonia was initially our first guess, but similarly to Bronchitis, it isn’t probable because it would not cause you to have a tumor. For treatment, you may want to seek surgery or get chemotherapy. Chemotherapy is a medicine used to kill the cancer cells. It can be taken as a pill, an injection, or a catheter. Another option is radiation. Radiation is using x-rays to kill cancer cells as well as shrink tumors either externally or internally. Luckily, your cancer has not spread outside of your lungs, so hopefully the surgery will be effective. This process is very difficult, so we suggest keeping close and talking to your loved ones, as well as a psychologist and support groups.

Homelessness Difficulty Escaping Poverty - 1321 Words

Arjan Singh Mrs. Woolcock English IV-CP May 19 2016 Homelessness: Difficulty Escaping Poverty A homeless person is someone who lacks housing, including an individual who lives in a supervised public or private facility (What Is the Official Definition of Homelessness?). Being homeless means not having a place to call home, not having a stable income. It is not just individuals that can be homeless. There are millions of families living in poverty and on the streets all around the world, contrary to popular belief it is not an easy process to get out of homelessness. Homelessness is a problem that exists in every country in the world even extremely progressive countries like the United States. Habitat for Humanity states in their article about housing facts from 2015 that â€Å"Today, 1.6 billion people live in inadequate shelter around the world; 1 billion of those live in informal settlements. More than 100 million people worldwide are homeless.† (World Habitat Day 2015 Key Housing Facts). Which means that about 20% of the world’s population does not have adequate shelter to live in. A lot of these people live in conditions that may harm their health and deprive them from opportunities. According to habitat for humanity’s article on homelessness, â€Å"by 2030 three billion people which is about 40% of the world’s population is going to need housing† and by 2050, 70% percent of the world’s population is going to need help accessing housing for them and their families. A Lot of theShow MoreRelatedHomeles s People And The United States1648 Words   |  7 Pagesthe highest rates of homelessness among developed countries, homelessness in the U.S. is at epidemic levels in large cities (Agans 1). With the number of homeless people rising, the attitude of the general population towards the unhoused grows to be increasingly negative. Regardless of the difficulty of tracking and recording data on homeless people, one fact remains clear: Despite efforts to end homelessness in the United States, homeless people are are often held in poverty by the negative socialRead MoreCauses Of Homelessness1405 Words   |  6 Pagesthey all share in common are the factors why a specific type of population became homeless. The interrelation of homelessness and mental illness are informed by many factors such as; the lack of support, extreme poverty, substance abuse, lack of affordable health insurance, and lack of affordable housing. The homeless population shares different struggles when dealing with ho melessness and mental illnesses because there are not enough resources for them to be able to come back to their normal selfRead MoreThe Causes Of Homelessness1656 Words   |  7 PagesHomelessness is defined as the situation of an individual or family without stable, permanent, appropriate housing, or the immediate prospect, means, and ability of acquiring it. It is the result of systemic or societal barriers, a lack of affordable and appropriate housing, the individual/household’s financial, mental, cognitive, behavioral or physical challenges, and/or racism and discrimination. Most people do not choose to be homeless, and the experience is generally negative, unpleasant, stressfulRead MoreHomelessness Is A Growing Problem Essay1121 Words   |  5 Pageslatest definition of homelessness is, people who live in temporary house, have no tenure and do not have enough space for social relations (Justin 2006). Homelessness is a growing problem in Australia and it has spread qui ckly and influences to different kind of people. The rapid increase of homeless issues has influenced various people and the government should put forward corresponding solutions for these causes. This essay will introduce five main reasons which cause homelessness and the governmentRead MoreAn Evaluation Of The Government Solution On Homelessness Essay1133 Words   |  5 Pagessolution on homelessness Family is such a simple word and many people take their own family and home for granted. However, Australian society still has people, who can not enjoy the advantage of a family life, and do not have shelter. On census night in 2011, 17% in every 10,000 people were estimated to be homeless. The present situation is, 39% of the homeless people live in overcrowded houses and approximately 20% people live in supported houses (ABS 2012). The latest definition of homelessness is,Read MoreThe Narrative Paradigm And Family Systems Theory1333 Words   |  6 Pagesdecreasing interpersonal responsiveness, increasing passivity, and increasing dependence on others outside the family system† (Davey, p. 326, 2004). As stated earlier, the family system can be immediately effected by an external change, such as homelessness. The communication between the family will look different than the way it was prior to the family’s new situation. Family Background There are numerous reasons as to why a family becomes homeless. â€Å"Most families were living in unstable situationsRead MoreA Feminist Perspective On Women s Homelessness1956 Words   |  8 PagesMuch literature explaining women s homelessness in the United Kingdom, have argued from a feminist perspective which highlighted that the market dominated housing policies disadvantage female-led households based on a gendered division of labour, (Watson and Austerberry, 1986) . Furthermore (Pleace, and Quilgars, 1996), asserted that dominant family model assumes domestic roles for women, such that family care, child care and other domestic duties as solely that responsibility for women. (RazzuRead MoreHomelessness : A Social Issue2081 Words   |  9 Pageschosen Homelessness. I chose this because it is a very serious issue not only here in Australia but all over the world. In Australia there are is about 105,000 Australians that are homeless on any given night, all of which are eithe r living in a makeshift home or sleeping on the streets. In my essay I am going to look at whom homelessness affects the reasons why, and what is being done to help and raise awareness 1.0 What is homelessness? 1.1 Homelessness the social issue: Homelessness is a seriousRead MoreThe Issues Of Homelessness Around The World2250 Words   |  9 Pages1. Introduction This report will be discussing the issues of homelessness around the world and in Australia. Homeless people are people who are living under rough circumstances due to money issues and other problems in the society, there are 100 million people estimated worldwide who are homeless. Those who are homeless all have a different story as to how they got there, usually having no support from their friends or family leaving them isolated and unwanted. This report will be covering theRead MoreThe Hardships Of The Great Depression1345 Words   |  6 Pageswhen â€Å"Millions of men were thrown out of work† (Smart, 1975), those employed by the government were able to keep their job, and even improve their lives, whereas factory and other mainstream workers were fired. Every Australian citizens had faced difficulties at one point during the Great Depression, however it is obvious people experienced different levels of hardships. Women were discriminated during the Great Depression, making it difficult for them to gain an occupation, even employed, they had

Girl’s State free essay sample

The best way to gain self-confidence is to do what you are afraid to do. This is a quote I have often heard, but only recently began to understand and apply within my own life. This past summer I participated in Girl’s State, and there among the brightest young ladies and future leaders within Virginia I discovered a shocking and life-changing finding. These girls, the girls I have always tried to emulate, are successful because they are not afraid to challenge an idea or personify the change that they want to see. I have always been terrified of socializing because of a lack of self-confidence that has haunted me since elementary school. With this in mind and a conviction within my heart to enact the change that I wanted to see within myself, I ran for Governor of Girl’s State. Running for Governor entailed giving a speech in front of 300 young ladies who had spent a great portion of their day listening to continuous speeches. We will write a custom essay sample on Girl’s State or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Needless to say, I was intimidated not only by the size of the crowd but also by the state of irritability I assumed they would be experiencing. As I approached the podium, my heart was racing and my mind was flashing from one prepared point I wanted to make to another, but, as I looked across the crowd, I realized that before me sat 300 peers who weren’t going to throw tomatoes at me but instead genuinely wished to hear what I had to say. Throughout my speech, I could see a sea of smiles, and as I walked off stage, I even heard a girl say â€Å"I like her.† As the caucusing took place, the other thirteen candidates and I were sequestered in a room across the hall where we stayed for about forty minutes. Sitting there surrounded by those girls, a feeling of belonging overtook me, and I was suddenly reminded of how afraid I had been to even attend Girl’s State. The entire experience of Girl’s State gave me a confidence I will cherish and refer back to for years to come. Being thrust into a crowd of 600 girls I had never had any sort of contact with before was one of the most terrifying things I had ever experienced, but, as I grew to know some of them, I came to understand that my fear of rejection was founded in a completely ludicrous assumption. As I walked out of that room and heard the name of the Federalist candidate for Governor, I must admit that I was saddened to hear that it was not my name. However, I soon overcame my sadness as the girls from my city came up to me that night and the following morning to tell me that they were delightfully surprised and inspired because of the speech that I gave. I have never been as proud of myself as I was after losing that campaign because within my loss there was a win. I had won my campaign to a more confident self.

Interest-Free Banking and Islamic Banking in Nigeria free essay sample

Interest-free Banking and Islamic Banking in Nigeria By: Salim Salihu Muhammed Nigeria’s quest for a virile banking reform had led to the adoption of several policies and strategies that would truly give the nation’s economy an edge towards growth and sustainability. No doubt, the bail outs of â€Å"failed banks† and the acquisition of toxic assets from bad banks’ books did saved the economy and Nigerians to a large extent from such kind of economic blows suffered in the Scandinavian banking crises.Without minding words as a follow up to an earlier publication, Zero Interest Banking in Nigeria: Identifying a Sustainable Module, I still emphasis on the identification of an achievable element for an Interest-free Banking System as well as supporting it to its plausible fullest, rather than introducing religious sentiments or interest that could harm the Nigerian financial sector. Less I forget in a hurry, do the Nigeria’s economic policy fault finders understand what Interest-free Banking entails? It is true that the Central Bank of Nigeria (CBN) had emphasized on its readiness to establish or give licence to banks wishing to operate Interest-free Banking system (which is popularly known by many as Islamic Banking because of its tandem with Islamic jurisdictions and beliefs that prevent dealings in interest (Riba) or usury). We will write a custom essay sample on Interest-Free Banking and Islamic Banking in Nigeria or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page It is also true that the Apex Bank has the jurisdiction, as provided in its Act to allow such financial or banking practice; but what should not be seen as true is the perceivers’ believe that the CBN’s policy was meant to enforce Islam or Shari’ah on Nigerians or construed as a personal agenda of the Apex Bank’s Chief. For the avoidance of doubts, as it were with conventional commercial banks, Interest-free banking system has its inherent pros and cons which affects the Muslims and non-Muslims alike.A first glance of how Interest-free banking system operates could set a pace of reasonable understanding to its fault finders. The bank is operated by, and has Muslims and non-Muslims customers; its lending principle is based on the belief that the provider of capital and the user of capital should equally share the risk of business ventures. Translated into banking terms, the depositor, the bank and the borrower should all share the risks and the rewards of f inancing business ventures.However, Nigeria as well as any other country wishing to practice Interest-free banking system may design a module that fit its economy, so far that its applications does not go contrary to the Islamic jurisdictions of Riba or interest, the use of money and capital; and also, identify the key challenges facing the model such as the dearth of knowledge, skills and technical capacity to regulate, supervise, or operate non interest banks. Also, higher quality personnel with experience in project management and Islamic jurisprudence are required for financing and marketing activities.Interestingly, the flexible nature of Islamic finance provides enormous opportunities; it has positive and far-reaching impact for the Nigerian economy. The interest-free banking principle in Islam allows only one kind of loan and that is qard-el-hassan (literally good loan) whereby the lender does not charge any interest or additional amount over the money lent. In conventional terms, it means a bank will not change interest on loan or stipulate a certain amount to be paid back together with the loan given. What is more?The lender (the bank) also shares in the profits or losses arising out of the enterprise for which the money was lent. Islam encourages the economy of wealth redistribution; customers (Depositors) are thus encouraged to invest their money and to become partners in order to share profits and risks in the business instead o f becoming creditors. This is unlike the interest-based commercial banking system, where all the pressure is on the borrower: he must pay back his loan, with the agreed interest, regardless of the success or failure of his venture. The present day multi-rich Nigerians can hoard money, thereby limiting or eliminating the purchasing power of money. This practice have negatively marred the efforts at keeping inflation at bay, as this idle money are not utilized in economic events that could improve the country’s Gross Domestic Product (GDP) over time. Under the Islamic Banking system, human effort, initiative, and risk involved in a productive venture are more important than the money used to finance it. Customers are encouraged to purchase and are discouraged from keeping money idle so that, for instance, hoarding money is regarded as being unacceptable.This purchasing power (money) cannot be used to make more purchasing power (money) without undergoing the intermediate step of it being used for the purchase of goods and services. Although the system encourages customer to purchase, it also prohibits or discourage investment in practices and products that are considered forbidden. The Apex Bank could make policies for the financial system and operators, as much as it is provided by enabling laws, the country’s Constitution, the Bank and Other Financial Institutions Act (BOFIA) and other relevant financial laws. We must understand that the country’s Assembly need not pass a bill for the proposed banking system (Interest-free banking), which is a product of CBN, to take effect if the listed legal provisions and other careful indices are put in place to make the system meet the economic objective for which it is meant for. All that is needed is a careful and extensive capacity building through collaboration among various stakeholders to develop cognate expertise in non-interest banking, development of an adequate regulatory and supervisory framework for the effective operation of non-interest banking in Nigeria.As it stands, it is fair to say that Interest-free banking system and Islamic banking system refers to the same policy as they operates in line to the provisions and jurisdictions of the Islamic Shari’ah system; nevertheless, it does not connotes a means of enthroning control over the sovereignty of Nigeria but a mere banking policy aimed at salvaging the country’s financial system as seen to be practiced in the United Kingdom, America and parts of Europe. In many countries where series of financial crisis had led to the implementation of monetary and financial policies, the adoption of an Interest-free regime was considered.London is the leading Islamic banking centre in the West, HSBC, Lloyds TSB, and Citigroup have opened Islamic banking units and branches throughout England. Middle Eastern Islamic banks have also set up shop in the United Kingdom (UK). These banks also targeted non-Muslims with the message that their services are ethically superior to those of the West, pushing the idea that interest – and capitalism – is unethical and should be replaced in Europe by the Islamic financial model; patronage by non-Muslims have received a continuous increase in the UK. Wasn’t England the birthplace of the Industrial Revolution and creator of the common law, the most successful and equitable legal system in history? One thing I must emphasis here is, any bank, be it Islamic or conventional, risks running losses if it does not charge some form of interest; Islamic banks circumvent this danger by extending a type of Islamic â€Å"credit† that shifts risk to the borrower in a manner similar to interest. In the UK Islamic Banking model, the banks’ Shari’ah boards legitimate the charges by renaming them â€Å"commissions† or â€Å"profits. Some of us could be wondering why Islamic banks could remain profitable – or ideologically influential – if they complied with the Qur’anic injunction again interest. An Islamic bank is no different. It must partake in the money creation business. And it must therefore fix its financial rate of return at the outset in most of its business. Thats why Islamic bank ing cannot succeed in being Islamic, at least, not in the way that we understand the terms â€Å"banking† and â€Å"Islamic† today. Islamic finance is not a product to be offered to a niche market. It is a system. It must be promoted and implemented as a system as did the UK. Nigeria could buy from the West, especially with the United States’ strategy in understanding the system and how US Deputy Secretary of the Treasury Robert M. Kimmitt showed the world that the U. S. was interested in learning more about Islamic finance through holding an Islamic Finance 101 course in Washington to educate government officials on its ins and outs. Whatever the system that the Apex Bank deems fit to aid in strengthening the banking reforms, it is left for the customers and Nigerians to decide on which financial product to explore. As it stands today with Nigeria’s conventional banks increasing minimum cash balance in savings (deposit) accounts to N25,000. 00 and thereabout, the Islamic Banking could be a succour towards Sustaining Competition in Banking Reforms for a surviving economy whose average citizens earns far less than N18. 000. 00 per month. Salim Salihu Muhammed [emailprotected] com

Free Essays on Civil War Causes

Many average Americans would attribute the cause of the American Civil War to slavery, but are there other possible causes? Could the â€Å"history† taught in so many classrooms throughout the United States of America be wrong about something so important as the real cause of the Civil War? This paper will briefly discuss and present information on possible causes of the American Civil War other than the commonly believed slavery issue. When asked what caused the American Civil War, most will say that slavery caused it. In fact, that was my original belief prior to beginning this study. President Abraham Lincoln never really addressed the slavery issue until support of the war started dwindling in the north. During the early days of the Civil War, he actually ordered slaves who escaped from the south to the north to be return to their owner. He did this in support of the Fugitive Slave Act, which was part of a collection of often referred to as the Compromise of 1850. Slavery was officially â€Å"tied† to the Civil War as a reason to fight after the President Lincoln made his Emancipation Proclamation is 1862. The following is an excerpt from his famous speech: â€Å"That on the 1st day of January, A.D. 1863, all persons held as slaves within any State or designated part of a State the people whereof shall then be in rebellion against the United States shall be then, thenceforward, and forever free; and the executive government of the United States, including the military and naval authority thereof, will recognize and maintain the freedom of such persons and will do no act or acts to repress such persons, or any of them, in any efforts they may make for their actual freedom.† President Lincoln himself was â€Å"a believer in white supremacy† and was recorded making such statements during debates with Douglas. One such statement was recorded on September 18, 1858: â€Å"I will say then that I am not, nor have I ever been in th... Free Essays on Civil War Causes Free Essays on Civil War Causes Many average Americans would attribute the cause of the American Civil War to slavery, but are there other possible causes? Could the â€Å"history† taught in so many classrooms throughout the United States of America be wrong about something so important as the real cause of the Civil War? This paper will briefly discuss and present information on possible causes of the American Civil War other than the commonly believed slavery issue. When asked what caused the American Civil War, most will say that slavery caused it. In fact, that was my original belief prior to beginning this study. President Abraham Lincoln never really addressed the slavery issue until support of the war started dwindling in the north. During the early days of the Civil War, he actually ordered slaves who escaped from the south to the north to be return to their owner. He did this in support of the Fugitive Slave Act, which was part of a collection of often referred to as the Compromise of 1850. Slavery was officially â€Å"tied† to the Civil War as a reason to fight after the President Lincoln made his Emancipation Proclamation is 1862. The following is an excerpt from his famous speech: â€Å"That on the 1st day of January, A.D. 1863, all persons held as slaves within any State or designated part of a State the people whereof shall then be in rebellion against the United States shall be then, thenceforward, and forever free; and the executive government of the United States, including the military and naval authority thereof, will recognize and maintain the freedom of such persons and will do no act or acts to repress such persons, or any of them, in any efforts they may make for their actual freedom.† President Lincoln himself was â€Å"a believer in white supremacy† and was recorded making such statements during debates with Douglas. One such statement was recorded on September 18, 1858: â€Å"I will say then that I am not, nor have I ever been in th...

Network Server Administration Research Paper Example | Topics and Well Written Essays - 2500 words

Network Server Administration - Research Paper Example For instance, vulnerability is reported that may impose risks, bugs and errors, incompatibility issues etc. moreover, a news report of a new threat targeting user information may become a great challenge for organizations to sustain their business and customers. However, these news reports may lead to programming flaws and bad quality that may result in massive business losses. For a core banking application, errors, bugs or inadequate security measures cannot be ignored, as a single vulnerability may lead to a major threat for business. For this reason, integrating security in product lifecycle is the most important factor. As mentioned earlier, security breaches are now making headlines, as dependency on applications, mobile applications and online applications has sky rocketed. Users are now making complex online transactions from their cell phones and websites resulting in a rise of application threats. Consequently, there is a requirement of addressing security issues in an appl ication to a relatively high degree. Moreover, many organizations purchase applications from the vendor that all imposes inherent risks that are not known by that time. A recommended solution for addressing application security must be conducted during the feasibility study. Integration of security controls followed with a secure application development approach will ensure quality and security of an application. Furthermore, deciding recommended security controls in a feasibility study will justify the cost of implementing and integrating them within the application. Traditionally, organizations are not addressing application security during the software development life cycle. They conduct security audits by auditors with specialized tools (Edwards, 2006) and with partial resources, at the end of a finished product making the security isolated. If any issue arises during the security audit in end stages of a software development lifecycle, it is more time consuming and expensive t o address. Moreover, security auditors have their own criterion that is their primary objective. For instance, analyzing all risks are addressed or not, level of compliance by classifying vulnerabilities and controls for mitigating threats. All these issues are addressed before an official release of an application. Similarly, the development team has to ensure timely and cost effective development of the software modules and to make their name in the market first (Dave, 2011). Likewise, the audit report with a list of security vulnerabilities is submitted to the application development team for making any suitable changes (Dave, 2011). However, the report does not include any method or a hint of where these vulnerabilities exist. Developers on the other hand, launch the product as per schedule and therefore, security issues were not addressed. However, the best solution of addressing application security is in the software development life cycle, so that developers can rectify and remediate any security vulnerabilities through this process, as afterwards there is no time and the product launches without addressing security vulnerabilities that may result in major threats to organizations afterwards. 2 Implementing a Secure Domain Environment 2.1 Active Directory Implementation Active directory is an essential component which provides efficient and effective network administration. The first step is to prepare a domain. Active directory functions on the domain. The domain name for abc will be

Police ethics Essay Example | Topics and Well Written Essays - 500 words

Police ethics - Essay Example The enormous powers enjoyed by these detectives must be tamed through some strict checks on their ethical conduct in exercising these powers at right spot and the correct manner. While having such powers in most cases is a legal necessity but justified and dignified application of these powers is often an ethical issue. In United States there are several documents at national level like Declaration of Independence, the U.S. Constitution, its Bill of Rights and the Federalist Papers which are meant to enforce these ethical guidelines. However there is a lack of education and implementation in this connection. The tools and trick that are used in an investigation also provides a ground for ethical arguments and concerns. For example the use of sex and friendship in undercover investigations are very common tools for the police detectives but their ethical issues are lease bothered at higher level in the department. However, police ethical misconduct in using these undercover investigat ion tools is highly probable.

Management Theory Assignment Example | Topics and Well Written Essays - 1500 words

Management Theory - Assignment Example Management is of fundamental value to companies. Every organization is concerned with planning to get things done, organizing the business to ensure efficient and effective operations and motivate employees as well as develop a vision for everyone to work on (Williams, 2009). Finally, the need for having controls in place is high as the goals that have been set must be monitored and their fulfillment must be measured. Therefore, management is quintessential in making businesses successful as well as ensuring smooth sailing once that success has been achieved. The significance of management can be ascertained from the fact that businesses spend millions on hiring management consultants to guide them on effective management practices (Williams, 2009). These consultants offer insights as to how managers can lead people effectively, motivate them, deal with various people related issues and manage complex projects. Management, therefore, is the art of getting work accomplished through ot hers. Successful managers may often not be experts themselves but know how get work done through other experts. For instance, the manager of the car plant at General Motors narrated how he has never made a car part in his life and how this is not his job(Williams, 2009). He further explained how, as a manager, his role was to create an environment conducive for people to make these parts efficiently while at the same time staying motivated with their work. On the other hand, however, this conventional view has been contradicted by leaders such as Steve Jobs who not only got work done through people but was actively involved in the technical aspects of the work (Greengard, 2011). Furthermore, good managers and leaders have often been associated with organizational success. One such example is that of Apple which experienced transformational growth and recognition during the tenure of Steve Jobs. It is not surprising, therefore, that Apple’s stock took a leap from $10 to $400 ( CNN Money, n.d.) during his leadership and that all major innovations including iPod, iPhone and iPad were introduced during his tenure. Furthermore, leaders and managers influence the performance of organizations by â€Å"leading by example† (Caldwell, 2004). Taken a step further, managers are responsible for managing the intellectual capital of firms which is exactly what Steve Jobs did (Prasad, 2011). By putting in proper mechanisms in place to unleash employee creativity, Jobs was able to exploit the untapped innovative potential of human resources and use it for the transformation of the company. This demonstrates just how important management is in the contemporary age of turbulent market changes and volatile business environment. Dealing with today’s customer-centric world requires organizations to manage the talents of employees in order to meet these needs. Companies whose management fails to keep pace with the changing environment and nature of work tend to s uffer. For instance, Deloitte’s study suggests the private sector of America is getting only a fraction of the return on assets that it achieved decades ago (Denning, 2011). This is due to managers failing to adapt to the changing envi

My Friends Tell Me I am Not an Atheist :: Personal Narrative essay about myself

My Friends Tell Me I am Not an Atheist    It's remarkable how many of my friends insist I am not an atheist. It seems pretty obvious to me that I don't believe any god exists, and that pretty much makes me an atheist. Nevertheless, here these people are, so insistent that I cannot possibly be an atheist. "You're too nice," they say, or "you really believe, you just don't know it" (how's that again?). Sometimes I hear something like "You believe in something, and that is really god" or "you are still looking, but you'll find Him" (he's invited to stop by my house at any time). When I have the time to converse with these people, however, it usually comes down to this: I'm really an agnostic, they say, because I am willing to admit that I don't know there isn't any god. It is apparently so important for people to believe that I'm "really just an agnostic" that I find this to be a haunting sign of the hold religion has on people. It is tragic that the mere thought of a good friend or relative being an actual, avowed atheist is s o horrible that it must be denied. Sometimes I have the chance to explain that I am an atheist not because I know there isn't a god, but because I don't believe there is. If someone insisted that their pet fish could talk, I really couldn't say I knew it didn't, especially if I could not go and see for myself, but it would still be fair for me to say that there are no talking fish. The relevance of this is that I do not believe god exists any more than I believe fish can talk. Certainly, I have not examined all species of fish, nor every single fish for that matter, nor could I ever accomplish such a feat, but the claim that they exist is so contrary to my own personal experience and reliable facts that I simply will not believe it unless very definitive proof is provided. Of course, if I visit someone's pet fish and it talks to me, I am still wiser to test the possibilities of trickery or insanity before believing it can really talk. But if I found many fish that talked, trustworthy people confirmed it, scientists pu blished carefully researched papers about them, and newspaper headlines read "INCREDIBLE DISCOVERY: TALKING FISH!" then it would be more than reasonable to believe they existed. My Friends Tell Me I am Not an Atheist :: Personal Narrative essay about myself My Friends Tell Me I am Not an Atheist    It's remarkable how many of my friends insist I am not an atheist. It seems pretty obvious to me that I don't believe any god exists, and that pretty much makes me an atheist. Nevertheless, here these people are, so insistent that I cannot possibly be an atheist. "You're too nice," they say, or "you really believe, you just don't know it" (how's that again?). Sometimes I hear something like "You believe in something, and that is really god" or "you are still looking, but you'll find Him" (he's invited to stop by my house at any time). When I have the time to converse with these people, however, it usually comes down to this: I'm really an agnostic, they say, because I am willing to admit that I don't know there isn't any god. It is apparently so important for people to believe that I'm "really just an agnostic" that I find this to be a haunting sign of the hold religion has on people. It is tragic that the mere thought of a good friend or relative being an actual, avowed atheist is s o horrible that it must be denied. Sometimes I have the chance to explain that I am an atheist not because I know there isn't a god, but because I don't believe there is. If someone insisted that their pet fish could talk, I really couldn't say I knew it didn't, especially if I could not go and see for myself, but it would still be fair for me to say that there are no talking fish. The relevance of this is that I do not believe god exists any more than I believe fish can talk. Certainly, I have not examined all species of fish, nor every single fish for that matter, nor could I ever accomplish such a feat, but the claim that they exist is so contrary to my own personal experience and reliable facts that I simply will not believe it unless very definitive proof is provided. Of course, if I visit someone's pet fish and it talks to me, I am still wiser to test the possibilities of trickery or insanity before believing it can really talk. But if I found many fish that talked, trustworthy people confirmed it, scientists pu blished carefully researched papers about them, and newspaper headlines read "INCREDIBLE DISCOVERY: TALKING FISH!" then it would be more than reasonable to believe they existed.

Individual WileyPlus Exercises Essay

1. Brief Exercise BE1-7. Indicate which statement you would examine to find each of the following items: income statement, balance sheet, retained earnings statement, or statement of cash flows. 2. Brief Exercise BE1-8. Use the basic accounting equation to answer these questions. (a) The liabilities of Cummings Company are $90,000 and the stockholders’ equity is $230,000. What is the amount of Cummings Company’s total assets? (b) The total assets of Haldeman Company are $170,000 and its stockholders’ equity is $90,000. What is the amount of its total liabilities? (c) The total assets of Dain Co. are $800,000 and its liabilities are equal to one-fourth of its total assets. What is the amount of Dain Co.’s stockholders’ equity? 3. Brief Exercise BE1-9. At the beginning of the year, Fuqua Company had total assets of $800,000 and total liabilities of $500,000. (a) If total assets increased $150,000 during the year and total liabilities decreased $80,000, what is the amount of stockholders’ equity at the end of the year? (b) During the year, total liabilities increased $100,000 and stockholders’ equity decreased $70,000. What is the amount of total assets at the end of the year. (c) If total assets decreased $90,000 and stockholders’ equity increased

The Constitution Of The United States - 1388 Words

Interpretation of the Constitution is one of the biggest conflicts within the United States–the highly contentious issue of states’ rights resulted from two different interpretations of what powers should belong to the federal government versus what powers belong to the individual states. No issue has ever caused as much turmoil as the issue of states’ rights–but one side must have more valid arguments. Should the federal government’s power be superior, or should the authority of the individual states be held above all? As Abraham Lincoln said, â€Å"the Constitution does not expressly say.† But through evaluation of the arguments expressed in the Virginia and Kentucky Resolutions, Lincoln’s Inaugural Address, and Jefferson Davis’ Confederate Constitutional Address, and evaluation of their alignment with the Constitution of the United States of America, we can see that not only are the arguments against States’ rights mor e effective, but they also more accurately interpret both the nature of the Constitution and the original purpose of the Union. Not only are the various words and amendments in the Constitution up for interpretation, but the actual nature of the Constitution itself often falls under dispute. Is the Constitution a, â€Å"compact,† between the states as the authors of the Virginia and Kentucky Resolutions, as well as Jefferson Davis, believed? Or was it formed directly by the people and for the people, as argued by Abraham Lincoln? The predominant view of theShow MoreRelatedThe United States Constitution And The Constitution Essay1491 Words   |  6 PagesThe United States Constitution, this very detailed group of words was written in 1787, but it did not take effect until after it was ratified in 1789, when it replaced the Articles of Confederation. It remains the basic law of the United States then and till the present day of 2016. The first state to ratify the Constitution was Delaware; the last of the original thirteen to ratify was Rhode Island and since only nine were required, this was two years after it went into effect. When the U.S. ConstitutionRead MoreThe Constitution Of The United States Constitution Essay1185 Words   |  5 Pages(framers’ of the U.S. Constitution) position on the Presidency: The framers experienced the abuse of the English monarchs and their colonial governors. As a result, the framers were skeptical of the excessive executive authority. 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Each have significant roles but would overlay within each other especially when it comes to foreign policy. In the process of foreign policy, both sides tend to collide whether it may be Congress against th e executive branch or vice versa. It becomes something contradictory in which Political Scientist