Dont Enter the Dragon

Dont Enter the Dragon Introduction The state visit and the pompous reception of China’s president Hu Jintao to the US served to show how important the economies of these two countries are to each other.Advertising We will write a custom article sample on Don’t Enter the Dragon specifically for you for only $16.05 $11/page Learn More China has the capacity to produce and American has a ready market for its products and also enough money to invest in the Chinese economy. Many American investors in a move to have a share of China’s boom have put a lot of money in China’s business both big and small. In fact, many of these businesses are now trading on the US stock exchanges. The problem though is that some of these businesses seem to specialize in unacceptable business practice and end up ripping off investors. This practice was noted in two of the hottest Chinese stocks of 2009, Fuqi and Rhino international (Surowecki 1). Fuqi and Rhino International Fuq i and Rhino international were at one point number one and two on the top 100 list of the Investors Business Daily. An announcement made in 2010 by Fuqi claimed that the profits of the company had been overstated for a good part of the year 2009. Ten months afterwards the company has not presented any earning statement and therefore, it is not known whether it is making a profit or a loss. Rhino, on the other hand, has received criticism that its accounting is fraudulent and that the entire company is just a sham. It emerged that these allegations were indeed true when the company admitted that two of its manufacturing contracts never existed. This also meant that its financial statement was not reliable. The company lost its listing in NASDAQ after failing to be transparent in its financial details. So far its stock has dropped by 90% from its all-time high (Surowecki 1). Chinese Firms Chinese firms have earned a bad reputation in regard to openness of their financial details. This has forced S.E.C to carry out investigations in these stocks. It has emerged that many of these companies have two sets of revenue numbers, one is reported to S.E.C and the other is reported to Chinese authorities.Advertising Looking for article on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Another problem that has been noted is tunneling, which is, using outside business to swindle the company. Some executives treat companies as personal bank accounts where they just withdraw money as they wish (Surowecki 1). Auditing Mistake The regulatory system used failed to protect the interest of investors because Chinese firms have exploited it to their advantage. They manage to do this by using the reverse merger tactic whereby they buy American companies with a stock listing but few actual assets. They then change the company name to enable the company trade on NASDAQ or Amex. Through the merge tactic the company becomes part of the listed companies without any restriction or scrutiny. After establishing their base on a stock exchange it becomes hard to be kicked off. For instance, Fuqi has not filled statements for sometime, but it has been given a chance until March. Auditing the company is also hard because some of the auditors are Chinese who only protect their own interests (Surowecki 1). Conclusion The bad publicity has done little to warn investors. Reverse mergers are increasing every year because China offers many people the hope of getting rich quickly. Just like what happened in the US in the 19th century during the construction of the Railroads. The business was demoralizing, but because it offered prospects of enormous wealth, many people ventured into it. History is repeating itself; there may be fraudsters and swindlers targeting investors. Work Cited Surowecki, James. Don’t Enter the Dragon. New Yorker, 2011. Web. https://www.newyorker.com/magazine/2011/01/31/dont-ent er-the-dragon

Mentorship Essay Example | Topics and Well Written Essays - 2500 words

Mentorship - Essay Example This essay discusses that nurses, who think of getting involved in student direction and mentorship in any clinical surroundings, should have sufficient knowledge of the significance of mentorship, its procedures and basic values. While mentorship plans aim at assisting the staff in knowing the idea of mentorship, a clear cute idea thinking evidently and critically about the work is necessary, prior to accepting the assignment. Standards for specialized practice concerning mentorship in nursing are compulsory, and they are prescribed by the Nursing and Midwifery Council. This assignment is based on two questions, and each will concentrate on one of the eight standards necessary to preparation for mentorship. They contain: establishing effective working relationships during placement orientation, and assessment and accountability. This article discusses connected, as well as jointly dependent aspects of mentoring that are significant for successful practice placements. â€Å"Nurse Tu rnover† is a valuable problem that persists, as healthcare faces the impending scarcity of nursing staff. A recent generation of nurses have entered the labour force, and the incentives provided to them to work for organizations love also improved. A diversity of factors influence the retention of nurses in â€Å"adult care† settings, containing group cohesion, work satisfaction, work schedule and â€Å"job stress†. Previous researches have recognized positive relations among group cohesion, work satisfaction, strong leadership and retention rates, and a negative connection among work schedule, stress and retention. â€Å"To ensure the quality and effectiveness of the program, one needs to do the following: †¢ Develop a plan to measure program processes; †¢ Develop a plan to measure expected outcomes; and †¢ Create a process to reflect on and disseminate evaluation findings† (How to Build a Successful Mentoring Program Using the Elements of Effective Practice n.d.). Additionally, experience and age in nursing are connected to job satisfaction. â€Å"Mentoring and satisfaction with mentoring separately predicted all the work attitudes of the nurses as it has in many previous studies. Mentoring and satisfaction with mentoring were positively related to job and career attitudes† (Salami 2010, p. 119). Job satisfaction is defined as the optimistic emotional answer to a job situation, resulting from what the employee wants, and the values from the job attached it’s the job by researchers. Mentoring experiences drop along a range from an extremely satisfying, marginally satisfying experience to a disfunctional or harmful experience. Highly satisfying formal or informal mentoring experience demonstrates better job satisfaction, organizational obligation, and satisfaction in obtaining chances for promotion. The direct consequence of social support on work attitudes is that, it interacts with mentoring relations, to affect work attitudes, that is, the effective utilization of social support possessions can pave the method for â€Å"effective mentoring relationships†

Intellectual Property Essay Example | Topics and Well Written Essays - 750 words - 3

Intellectual Property - Essay Example The United Kingdom has had matters to do with intellectual property as well as rights for the same. This paper looks into some of the implications on the same with reference to technical protection measures as well as anti-circumvention provisions as captured in certain sections of UK’s legislation on property rights. Copyright monopoly refers to the private ownership of a product by the producer. The government protects the right of the ownership through written acts to safeguard the production of counterfeits by unauthorized owners. In order to obtain the copyright monopoly, the government requires the producer to do an original registration of the full details of the product. The produces must have a license for the product for him or her to have the property right. The effect is that whenever a counterfeit to the same product appears in the market, the producer has the right to complain and even sue the counterfeit producers. Upon primary and secondary infringement of copy right 16-21, the perpetrator is liable for a legal suit in the UK intellectual property law. The same infringement attracts termination of the product from the market. Infringement of the laws applies to the licensed products, whose owners had been conferred with the full ownership license and rights. Murungi, Michale. Report from the law via internet conference. Vol,6 No.3. 2013, November, pp. 12-113. Cyber Law Issues concerning law and jurisdiction are currently taking a new course that employs the current technological advancements. Nowadays, internet has turned out to be part of the largest communication network that is becoming increasingly indispensable for every one across the globe to take part in social, cultural, and political discourse. In addition, internet has recently been deduced to be the linchpin of the democratic society as well as the social media platforms, which are being necessitated, in participatory democracy. Legal actions can, off late, comfortably be handl ed using the online services. Most online databases and data mining techniques can be used to harvest data from different sources. The counsel pursuant may end up carrying the burden due to the added costs of every part of the processes, which begins from the study and the case of support to planned giving. In such a case, it is usual for the personal jurisdiction to be improper in terms of the venue. The imageline’s complaint should completely be dismissed leaving the pursuant to carry the double cost. However, this can be quite different if the personal jurisdiction as well as the venue is found to be proper. The conveniences of the witnesses and parties will work in line with the concerns of efficiency. Simma, Bruno.Universality of International Law from the Perspective of a Practitioner. 2013, October. Legal perspective Similarly, the involvement of the Federal Bureau of Investigation to uncover the undertakings brings in a legal aspect whereby factors such as fraud are i nvestigated and initiators prosecuted. Similarly, one gets exonerated on the basis that he corporate with the investigating authorities to nail the stork brokers fraud schemers. However, for instance, his father is not prosecuted for the role he played in concealing his illegal business a factor not blending well with effective legal systems. This emanates from the constitutional directive that protecting anyone who breaks the law is practicing crime as well. Nate, Raymond U.S. judge weighs penalties after Bank of America fraud verdict. 2013, December Frauds Despite being a vital invention in the modern world, the business technology and its users have in the recent past been a target

Japanese Canadians During Wwii Essay Example for Free

Japanese Canadians During Wwii Essay Japanese people were blamed for everything from a bad crop to a flat tire† (Biase). Japanese Canadians claimed they were given many dirty and hateful looks, and overheard â€Å"people cursing at Japanese for their car troubles† (Biase). The Japanese Canadians were being punished for a crime they did not commit. Canada’s only defence for its actions was that, â€Å"Japanese people were not white and they ‘could’ be spies† (Biase). This meant people were suspicious and literally afraid of Japanese for being spies sent from Japan. As a result, Japanese Canadians had to deal with being blamed for things they did not deserve, thus resulting in being treated unjustly as a human being. This notice was distributed throughout British Columbia. If any Japanese were found in the prohibited areas listed, they would be incarcerated. Thirdly, the Japanese Canadians were sent to internment camps across Canada against their will. In Canada, there were 10 internment camps where, â€Å"3 were road camps, 2 were prisoner of war camps (POW) and 5 were self-supporting camps† (Robinson). Internment camps is a â€Å"large detention  center created for political opponents,  enemy aliens, people with  mental illness, members of specific ethnic or religious groups, civilian inhabitants of a critical war-zone, or other groups of people, usually during a war† (Dictionary). In this case, internment camps in Canada at the time were designed for only Japanese Canadians. Internment camps were labour/work camps, which required heavy-duty work for the 22,000 imprisoned Japanese Canadians to do. Since World War II caused a large shortage of farmers, especially sugar beet farmers, the Security Commission Council organized, â€Å"Sugar beet projects to combat the labour shortage. This gave Japanese males a choice. The choice was to work in road camps as slaves or go to the beet camps and be with their families. Working in the beet camp was the choice taken by the majority of Japanese married men† (Biase). Considering the Japanese Canadians had to live inside the camps, the living conditions inside the internment camps were poor. They were crowded and were primitive with no electricity or running water. A story from Hideo Kukubo tells what life was like during the war: â€Å"I was in that camp for four years. When it got cold the temperature went down to as much as 60 below. The buildings stood on flat land beside a lake. We lived in huts with no insulation. Even if we had the stove burning the inside of the windows would all be frosted up and white, really white. I had to lie in bed with everything on that I had at one time there were 720 people there, all men, and a lot of them were old men. This is just one of the many horrible stories the Japanese Canadians experienced. Therefore, the Japanese Canadians were treated unfairly when they were forced to work and live in internment camps. In conclusion, the Japanese Canadians suffered during the period 1929 to 1945. They had their property and rights taken from them, they were blamed for unnecessary things and forced into camps where labour was the only thing you did all day. Therefore, when Prime Minister Brian Mulroney announced a historic redress settlement for the Japanese Canadians on September 22, 1988, it truly was the best thing to do, even though it was long overdue.

Essay --

No, not again! I cannot be hungry, I just got finish with my dinner. Food is my best friend, it helps me get through my days and always make me happy. My Mother think’s I have no idea where she put the snack pantry keys, but I do. Once everyone is asleep in my house, I will sneak to get my favorite midnight snack Little Debbie double fudge chocolate chip brownies and a glass of chocolate milk. This is an example of twelve year old Ivy Michelle. She has been obese since a toddler. Her parents will give her anything she wants to prevent her from crying. Ivy now attends middle school and she experiences name calling from her peers, which has made her very unsocial with the kids around her. During physical education Ivy never gets called to play team sports because the kids would tease that â€Å"she’s too fat†, or â€Å"she would make them lose because her weight would make her tired†. This treatment has made Ivy have very low self-esteem about herself and makes her feel like an outcast. Weight plays an important role in everyone’s lives adult or child, it also plays a major role with our society and health issues. Eating habits and lifestyles have changed tremendously over the last decade which is leading the U.S. into a bigger obesity epidemic. Childhood obesity could because of genetics, improper eating habits with lack of or no exercise. Mothers and Fathers who are working more than they have time to tend to their children, trying to build a suitable life for their growing families never really have enough time to make sure their child(ren) is getting the proper amount of exercise and a nutritious meal daily. This is an issue that is going on all across America. This issue is contributing to our childhood obesity epidemic. According to Ce... ...ising they think of the old ways of exercising like jumping jacks or running. So, it is imperative to make exercising fun that way children could stay interested. Try things like kickball, dance, football, basketball, or soccer. It is also important for you to follow a healthy diet and exercise regime because children often follow the footsteps of parents and their peers. Make healthy eating and exercise a family fun project. Living the same lifestyle as your child could be the thing to get the job done and keeping them on a healthy lifestyle for life. Childhood obesity has grown over the last decade,children need to find ways to cope with obesity, and they need support from the all the people around them. Our job as a nation and parents is to protect, teach, love and guide children. Doing this things will help them overcome obesity and take control of their weight.

Macroeconomics Song Essay

The poem’s major theme revolves around the unravelling of the US financial sector – and particularly its impact on investment banks – in the wake of the recent global economic recession that affected the US and most of the world economies. Some of the macroeconomic concepts addressed – tacitly and explicitly – include: executive compensation, and the business cycle (Paxton, 1). The crisis is said to have primarily been triggered by the sub prime mortgage crisis. Traditionally, investment banks and other lending institutions have financed their customers’ borrowings from the deposits they collect from the members of the public. With the demand for credit finance to purchase essential items such as homes rising exponentially, the deposits became inadequate to finance the borrowing requirements and many of these financial institutions resorted to innovative financial products such as the securitization model or mortgage backed securities. Here, the financial institutions sell bonds. Those buying the bonds are guaranteed of getting their money back after a certain duration plus an attractive interest, and the money raised from floating these bond is advanced to the borrowers (in this case, prospective homeowners). The bondholders will be paid back their money whether the borrowers pay the bank back or default. Thus, it can be seen that the investment banks here shoulder substantial risks (Zeese, 1; Rasmus, 3; BBC, 1). The main problem was that these loans were made out to a segment of the market that is considered risky due to its low income and poor credit history. This segment has been referred to as the sub-prime mortgage segment. As long as the prices of homes continued to rise, this model of financing home purchases made sense because the borrowers could refinance their home purchases. However, and against all expectations, the real estate bubble that had been so prolonged in the country burst, and home prices began trending south at a dramatic rate. The import of all these is that the sub prime mortgage borrowers were unable to pay back what they had borrowed. They defaulted, leading to massive foreclosures (Zeese, 1; Rasmus, 3; BBC, 1). The loans that had been made out by the financial institutions were in the tune of billions of dollars. When these borrowers defaulted, the banks were left holding toxic assets, which they wrote down leading to massive losses. A number of them were pushed to the brink of bankruptcy. These include: Fannie Mae and Freddie Mac, Goldman Sachs, AIG, Merrill Lynch, Bears Stearns and Lehman Brothers (Zeese, 1; Rasmus, 3; BBC, 1). It is this backdrop that provides the context for the poem. The poet parodies the false sense of security that these institutions had projected – for long, investment bankers such as Lehman Brothers had been viewed as beacons of stability in the American economy, doling out priceless advice to Americans on maters economic. But as the poet shows, the sub prime mortgage crisis unmasked them for who they are, left them at a loss of what to do, and they have turned out to be â€Å"the blind leading the blind†(Paxton, 1). One wonders how, with all their wisdom, the investment bankers could have hedged their risks upon such a risky market as the sub-prime mortgage segment. One of the immediate responses to the financial crisis was the rollout of a bailout package by the US government (whose worth was â€Å"seven hundred million grand,† in the words of the poet) (Paxton, 1). The failing institutions were major beneficiaries of this bailout package. According to Nanking (1), Bears Stearns was bought by JP Chase for $236 million, with the Federal Reserve Bank providing a staggering $30 billion to facilitate its purchase. Courtesy of the Housing and Economic Recovery Act of 2008, the government is said to have put in some $400 billion in Fannie Mae and Freddie Mac. The AIG on its part received at least four cash bailouts, all of them amounting to $180 billion in total (Nanking, 1). The poet strongly questions the ethics behind these bailout packages, given that the crisis that affected the investment banks was largely self-inflicted. For example, apart from poor judgment resulting in the sub-prime mortgage crisis, the problems which the banks faced were also catalyzed by poor management practices such as excessive executive pay. The problems facing the banks also broke out at a time the issue of executive pay was coming under the spotlight. For example, Linn (2) writes that in 1970, top executives were earning 44 times what subordinate workers got and that by 2007 this had jumped to 344 times what the subordinate employees got. More telling is the fact that the CEO’s of Lehman Brothers and Merrill Lynch, two of the failed investment bankers, received a total of over $117 million in spite of leading their organizations down the drain (Bass and Beamish, 1). Lloyd Blankfein, Goldman Sach’s top honcho, got $54 million, when the bank made a loss, with the 116 investment banks that had been short listed for aid under the bailout package having paid a cool $1.6 billion as bonuses to their CEO’s. AIG was mulling paying its CEO $165 million, when it had made a loss of over $60 billion (Bass and Beamish, 1). Given that these banks had been advanced cash under the bailout plan (which itself is from taxpayer funds), it is logical to assert that it is the average American (who earns 344 times less what the CEO gets) who is being made to pay for the mistakes of the CEO’s. It is this obscenity that the poem seems to rant about. Listen to the poet: â€Å"And it said that failure was the only crime. If you really screwed things up, then you were through; Now––surprise!––there is a different point of view. All that crazy rooty-tootin’ And that golden parachutin’ Means that someone’s making millions––just not you!† Works Cited: BBC. (2007). The downturn in facts and figures. 21 Nov 2007. 28 May 2010.   http://news.bbc.co.uk/2/hi/business/7302341.stm Bass, Frank and Beamish, Rita. (2008). AP Study Finds $1.6B Went To Bailed-Out Bank Execs. 22 Dec 2008. 29 May 2010.   http://corridornews.blogspot.com/2008/12/investment-bank-executives-pork-out-on.html Linn, Allison. (2009). â€Å"AIG flap gives ammunition to critics of high pay.† MSNBC. Mar 20th 2009. 29 May 2010. http://www.msnbc.msn.com/id/29791834/ Nankin, Jesse. (2009). History of U.S. gov’t bailouts. 1 Nov 2009. 29 May 2010. http://www.propublica.org/special/bailout-aftermaths#penncentral Paxton, Tom. â€Å"I am changing my name to Fannie Mae.† Rasmus, Jack. (2008). Fannie Mae, Freddie Mac: phase two of the financial crisis. Sep 2008. 28 May 2009. http://www.zcommunications.org/zmag/viewArticle/18717 Zeese, Kevin. (2008). The causes of the auto crisis. 25 Nov 2008. 28 May 2009. http://www.countercurrents.org/zeese251108.htm

Causal Analysis Of Mexico And Theu.s. - 1440 Words

Josue Matias 9/21/2014 English 103 Causal Analysis Over the past decade drug cartels has had a free flow through Central America to import illegal drugs to the U.S. Even with a strict drug policy drugs are still crossing the Mexican border. Due to corruption and political influence drug cartels are able to manipulate the government to go undetected. The drug cartel is infamous for their ability to kidnapped, corrupt, and kill anyone trying to crackdown or expose any operation. Due to this corruption within local governments drug activity has been able to flourish causing countless lives of innocent people. Mexico has known about the drug issues for over half a century. However, due to the foreign policy between Mexico and the U.S there has been little to no effort to come to terms to stop the murders in Mexico. Dr. Leopoldo Salazar Vinegra challenged the government suggesting the only way Mexico could contain the drug trade is create a government regulated system of drug distribution or implement a public health campaign to educate p eople about drugs and expand the drug treatment system. Due to the strict policy against drugs in Mexico Dr.Vinegra was dismissed Dr. Leopoldo Salazar Vinegra challenged the government suggesting the only way Mexico could contain the drug trade is create a government regulated system of drug distribution or implement a public health campaign to educate people about drugs and expand the drug treatment system. Dr. Vinegra preformed a