Hitler-Mussolini Essay Example | Topics and Well Written Essays - 2000 words

Hitler-Mussolini - Essay Example He was considered the master of Europe because of the series of decisive victories which also convinced him that he was the greatest military commander of all time because of his infallible intuition. Instead of appealing to the intelligence of his audience, his speech was designed to appeal to the emotion. Benito Mussolini was an Italian politician, the leader of the National Fascist Party and one of the key figures in the creation of Fascism. He was an Italian dictator from 1922-1943 who founded the Fascist Party and was the editor of Avanti, the party’s organ. Being a socialist made him anti-clerical, antireligious, anti-imperialist, anti-monarchial and believed that to achieve a socialist society, direct action and violence must be achieved (Smyth, 1988) Adolf Hitler was born on April 20, 1889 in Braunau, Austria-Hungary. His father, Alois, was the illegitimate son of Marianne Schickel-gruber who was a servant girl who had worked in a Jewish household. He later changed his name to Alois Hitler. Adolf was the son of his father’s third wife, Klara Poelzl Hitler, 23 years his junior. They were six children but only two reached the age of maturity, himself and a younger sister Paula, who died in 1960. Adolf’s adolescence was unusual because it lasted until his death. His intellectual, emotional, artistic and sexual development was not fully developed. He was famous for his temper tantrums. This is one aspect of Hitler’s state of mind. He seemed to have grown-up immaturely. (Waite, 1988) Benito Mussolini was born at Dovia on July 29, 1883. A devoutly Catholic mother and an anti-clerical father raised him. His mother had him baptized into the Roman Catholic and they attended mass on Sundays. His time at a religious boarding house was regarded as punishment by him comparing his experience to hell. He was once dragged by force to church when he refused

Drug and Alcohol Essay Example for Free

Drug and Alcohol Essay When students are I their senior year of high school, many look forward to graduation. They know that in a few months, they will be off to college and away from their parents. This means that they have all the freedom in the world and can do whatever they want when they want to do it. They meet friends while in college, and have fun. They begin to explore new things. Many finds a mate for the first time, party for the first time, or even drink for the first time. Alcohol drinking is a common activity across any campus, even though they are prohibited. Teens find any way to access alcohol. I will be exploring the negative effects of drinking alcohol on college students. Alcohol interferes with so much on students including preventing them from getting their education. I will research too see how can this problem be decreased. I know that it is impossible to stop underage college students from drinking, but there are ways to bring down the amount that do drink. I will tell on which occasions these teens do drink alcohol on campus. To my knowledge, I know that underge drinking is a widespread problem, and I know that I can find much information on the topic. Bibliography Negative consequences. (2011). Unpublished manuscript, Department of Health, Eastern Washington University, Retrieved from http://access.ewu.edu/Health-and-Wellness/Health-Education/Substance-Use-and-Abuse/Negative-Consequences.xml U.S. Department of Health and Human Services, National Institute on Alcohol Abuse and Alcoholism. (2002). What parents need to know about college drinking Department of Transportation. U.S. Department of Health and Human Services, National Institute on Alcohol Abuse and Alcoholism. (2002). What peer educators and residential advisors need to know about college drinking (NIH Publication No. 02-5017)Department of Transportation.

Money Laundering Control in Nigeria

Money Laundering Control in Nigeria Money laundering INTRODUCTION This dissertation makes a contribution to the worrying issues of money laundering in Nigeria and the control mechanism within the economy. Money laundering is a global problem which warranted a declaration by the United Nations. The declaration strongly condemns money laundering because it aids the use of financial systems for illicit drug trafficking and other serious crimes such as terrorism. For example the work of Okogbule on (Official corruption and the dynamics of money laundering in Nigeria 2007), and the work Chukwumerie on (Nigerias Money Laundering (prohibition) Act, 2004: A tighter noose, 2004), and the work of Chibuike (Ethics in Nigerian Banking, 2004), all these scholars did not give a look at the banking sector in regard to money laundering compliance and if Nigeria, is really regulating according to international practicing. Therefore, that gives the researcher more effort in looking inwards to the banks, since that is where large transaction takes place. THE OVERVIEW OF MONEY LAUNDERING The research project is on Money laundering Control in Nigeria, and how it has been a very serious problem in that country especially in recent times during the civilian administration, (Chukwuemerie, 2006). But it is not only Nigeria, which its affecting, it is a menace in the whole world that even requested the United Nations making a declaration strongly condemning laundering of money through the illicit drug trafficking and other serious crime, as well as the use of the financial systems of the states for that purpose, (UN Resolution S- 20/4 D) Evidence from around the world proves this view. According to Walker, (1999), around $2.85bn is been laundered yearly around the globe. Again, for example the United Kingdom Government recently issue a cheque of One hundred and fifty thousand (150,000) pounds to the Attorney General of Nigeria, as part of the proceeds laundered by a former Governor in Nigeria (Joshua Dariye), also a cheque for $2 million belonging to former governor of Bayelsa State, Chief Diepreye Alamieyeseigha, was also returned to Nigeria by the British government and promised to returned the sum of Fourty Million (40,000,000) pounds recovered from some Nigerian Government Officials; (Oyedele, 2008) THE INTERNATIONAL FIGHT AGAINST MONEY LAUNDERING Money laundering has been a global problem since the beginning of the 20th century. Uche (2007) relate that there were 12 multilateral drug treaties between 1912 and 1972. These treaties helped in regulating the manufacturing and trading of drugs worldwide (United Nations, 1987). For instance, Nadelemann (1988) reports the United Nations adoption of the ideals of Vienna Convention on illicit traffic of narcotic drugs and psychotropic substances. The convention emphasises on tracking down the wealth of money launderers. Article 5(2) of the Vienna convention provides that each party must enact domestic laws to enable it to identify, trace, seize, freeze, and forfeit all manner of profit derived from or used in Money laundering offences. Further all member nations are required to assist other member within their territory in the fight against money laundering offences; (Article 5(4b)). In 1990, the Council of Europe convention on Laundering, search, seizure and confiscation of the proceeds from crime was adopted. And one of the notable differences is that it goes beyond drug related crimes. The wolfsberg, this are group of eleven banks that came together to fight money laundering. The group was formed in the year 2000, at Chateau Wolfsberg in north east of Switzerland; the group released their anti money laundering principles to their correspondence banks, all in order to fight money laundering. The Financial Action Task Force (FATF) is an inter-governmental body whose purpose is the development and promotion ofnational and international policies to combat money laundering and terrorist financing.The FATF is therefore a policy-making body created in 1989that works to generate the necessary political will to bring aboutlegislative and regulatory reforms in these areas. The FATF has published 40+9Recommendations in order to meet this objective. For example, the case of former Nigerian Head of State (Gen. Sani Abacha), $675.2m; 75.3m GBP; were all recovered by the government of Nigeria, with the assistance of the other countries were the money was laundered; (Shehu, 2004). MONEY LAUNDERING IN NIGERIA Okogbule (2007) argue that money laundering was relatively unknown in Nigeria up to the mid 1980s. Further, he relate that it is now being used as a means of corruption in every segment of Nigerian society. For this reason, the military government enacted a decree (which decree and when was it enacted) . Thereafter, the civilian administration that came in 1999 repealed the decree and came up with the Money Laundering (Prohibition) Act of 2004 which gave birth to the Economic and Financial Crimes Commission (EFCC). Pursuant to the Act, the commission is empowered to investigate and prosecute any person or corporate body who commit any act of money laundering. For instance, a former governor in Nigeria was charged with money laundering offence for bringing into the United Kingdom the sum of 3.2 Million Dollars in 2005 (Guardian Newspaper, 2005). Reiterating the laundering issue, the Chairman of Economic and Financial Crimes Commission (EFCC), Mrs. Farida Waziri mentioned that the Nigerian government lost over 285 Billion Naira in 10 years. These tend support the argument that there is a regulation gap in the regulation of money laundering in Nigeria. It is in context that this research intends to look at money laundering regulations in Nigeria, so as to contribute towards developing the country. THE SCOPE OF THE STUDY The scope of the study will focus on the effectiveness money laundering regulation in the Nigerian Banking sector, and whether the Nigerian authorities have anything to learn from, how Money laundering is dealt with in the world (International Standard)? AIMS OF THE STUDY The main focus of the dissertation is to find out the effectiveness of money-laundering regulations in regards to banks in Nigerian, and compare it with the international standard? The extent of money laundering in Nigeria The effectiveness of money laundering regulations in Nigeria The international standard on Money laundering Control What lessons Nigeria can learn from that Chapter Two: LITERATURE REVIEW CONCEPT OF MONEY LAUNDERING Money laundering can generally be defined as the process of converting or transferring Criminal proceeds with the intention of disguising their illicit origin (UN, 2000: Art. 3(a)(i)). The extent of the problem becomes clear, considering that, in 1996, the International Monetary Fund (IMF) estimated the money laundering business at around 2-5 per cent of the worlds gross domestic product (Camdessus, 1998), which amounts to up to US$1.5 trillion (Financial Action Task Force FATF, 2007). Moreover, it is claimed that the money laundering business is the third biggest industry worldwide following the international oil trade and foreign exchange (Preller, 2007, pp 234). In one of the definitions it says conversion transfer of any property, knowing such property is gotten from drug related offense or even acting in the scheme to conceal the true information of the origin of such property in order to protect such person from facing the legal consequences of his/her action. FATF organization defines money laundering as a concise the processing of criminal proceeds to disguise their illegal origin in order to legitimize the ill gotten gain of crime. Law Dictionary (1990) refers to it as an investment or other transfer of money flowing from racketeering, drug transactions, and other illegal sources into legitimate channels so that its original source cannot be traced. Money laundering has been defined as a way funds obtained from illegal sources, and put into an account that cannot be traced for possible action; Okogbule, (2007). It has also been described as the processing of funds derived from illegal or illegitimate sources, through legal financial channels with a view to legitimizing and concealing or disguising the source of such funds (Osinbajo and Ajayi, 1991, Okogbule, 2007). THE EXTENT OF MONEY LAUNDERING IN NIGERIA Money laundering was not a prominent crime in Nigeria until the late 1980s, during the period of an oil boom with a tremendous increase in the level of revenue and commercial activities in the country (Okogbule, 2007, pp 52). Therefore, the issue of money laundering in Nigeria it is now through the official corruption, which has been exploited by public officers in Nigeria, who incorporate companies and use as a conduit pipe by awarding some phoney contracts and lodge the money through the companies bank accounts, both in Nigeria and abroad, several millions or even billions of naira are transferred from the government treasuries (Okogbule 2007). The former Chairman of the Economic and Financial Crimes Commission (Nuhu Ribadu), told the BBC in 2006, that $380bn had been stolen or wasted in Nigeria since independence. That $140m had been recovered from one unnamed former Nigerian leader and that nearly $400m of illegally gained assets had been identified in the possession of a former governor of Bayelsa State. Last year, Nigeria recovered $458m found in Swiss bank accounts linked to the countrys late military ruler Sani Abacha. Mr Abacha was in power from 1993 to 1998 and is thought to have embezzled billions of dollars. Last year his son, Abba Sani Abacha, was charged with money laundering and fraud after being extradited to Switzerland. According to Chukwuemerie, (2006), rate of financial crimes in Nigeria project a bad image abroad. And how Nigerians are been treated with disdain in the foreign land, again he talks about the crimes related to opening of account by customers, because in Nigeria, before the Money laundering prohibition act 2004, anyone can go and open account without a proper identification. However, the main issue is corruption that wears many faces, which are nepotism, bribery, treasury looting, and inflation contract prices, money laundering and advance fee frauds and most of these crimes are destroying the economy of the country; (Ajayi and Ososami, 2007). The case of former Head of Sate Gen. Sani Abacha, he was accused with his cronies of embezzling over $5bn and which out of the money $2.3bn were stolen direct from the government treasury and the remaining were received as a bribes for contracts. The money was laundered in various foreign bank accounts in UK, USA, Switzerland, Luxembourg, Hong Kong; (Ige, 2002, Shehu, 2004). Investigation by the UK financial services authority (FSA), the London Metropolitan Police confirmed that over $1.3bn of Abacha money passed through London; (Chamberlin, 2002, Shehu, 2004, pp). Furthermore, according to a study conducted by the Nigerian Trade and Investment Center in UK, shows that about two million Nigerians living in United Kingdom have investments worth almost Ninety four Billion (94bn GBP) pounds. And out of these amounts of money 84bn is in real estate, 7bn in vehicles, while the remaining 3bn is in stocks and shares; (Adesina and Madunagu, 2004, Malgwi, 2004). Malgwi, (2004), in his paper gives an example of former Head of State Late Gen. Sani Abacha, fakes daughter who duped an American the sum of Seven Million ($7) dollars, with the pretence that her late father left the sum of $100m in the central bank of Nigeria, and the account is coded. Therefore, she need his assistance with some money to bribe the officials of the apex bank to get the money out and he will get thirty (30%) percent of the money. Quite recently, a serving chief of staff to the governor of Rivers State (Ezebunwo Nyeson Wike), was caught by the Economic and financial Crimes Commission (EFCC), laundering the sum of N4.670 Billion (Four Billion, Six Hundred and Seventy Million Naira), which the commission believes was public money that was diverted into his personal account (Babafemi, 2009). He has since been charged by a court to explain the sources of the money. This is the problem with the country people in position of authority are abusing the trust people repose on them, everyday it is happening even with the money laundering regulation in place. There is no exact statistics of the amount of money been laundered in Nigeria, but below are some of the high profile cases been prosecuted by the economic and financial crimes commission from 2007 to 2009; CHAPTER THREE: THE MONEY LAUNDERING REGULATION IN NIGERIA The phrase money-laundering was not in the Nigerian dictionary, until in the 1980s which was when it was recognised and efforts were made to deal with the problem by the government. Therefore, there were decrees set by the government of Generals Muhammad Buhari, Ibrahim Babangida and Sani Abacha as heads of state and military president respectively, prohibiting activities related to money-laundering (Exchange Control (Anti Sabotage) Decree No 7 of 1984, National Drug Law Enforcement Agency Decree No 48 of 1989, now Caps No 29 Laws of the federation of Nigeria, 2004; Okogbule, 2007). 1995 decree corrected one of the defects of these laws which limited the activities to Drug traffickers in order to avoid loophole which gave way for the accused person to escape justice when the case is not drug trafficking; (Adekunle, 1999; Okogbule, 2007). It was in this recognition of the defect or inadequacy of the previous Decrees to cover all the aspects of money laundering that gave birth to the enactment of the money-laundering (prohibition) Act, 2003 which covers everything relating to the offence. And after One year of its enactment it was amended through the money-laundering prohibition (Amendment) Act 2004, in order to give the agencies more power to institute an investigation and prosecute offenders (Okogbule, 2007). However, the amendment was based on two philosophies. Firstly, it was on the need to control the practice of huge financial transactions in Nigeria, since the country is known as a cash society. In the amended Act, it states that no person or corporate body shall make or accept cash payment of sum exceeding N500, 000 or its equivalent in the case of individuals, while in the case of corporate bodies the amount is N2, 000,000, unless the transaction is done through a financial institution, the provision is design to enhance the monitoring capabilities of the regulatory institutions over huge financial transactions and encourage the use of financial institutions (Okogbule, 2007). However in the second philosophy in the act, it is a directive requiring disclosure of any financial transaction exceeding a certain sum of money. Section 2(1) of the Act, state that: A transfer to or from a foreign country funds or security exceeding the sum of $10,000 or its equivalent shall be reported to the central bank of Nigeria. And it further said that a report should be made pursuant to the above provision to indicate the nature and amount of transfer, the names and addresses of the sender and receiver of the funds or securities (Okogbule, 2007). MONEY LAUNDERING REFULATION IN RELATION TO INSTITUTIONS IN NIGERIA The money laundering (Prohibition) Act 2004, of Nigeria in section 1 states that no person or corporate body shall, except through transactional institutions, make or accept deposit of a sum exceeding, A, for an individual the sum of N500, 000 or its equivalent in other currency and B, the sum of 2,000,000 for a corporate body, that anything above this should be made through the financial institution likewise for the individual costumer. In section 2 of the prohibition of money laundering act states that any transaction from or to foreign country of funds or securities exceeding the sum of US $10,000 shall be reported to the central bank of Nigeria (in the act refer to Central Bank) or security and exchange commission. Again in section 2 sub section 1, states that the report should indicate the nature and the amount of the transfer, the names and addresses of the sender and receivers of the funds or securities. CUSTOMER DUE DILLIGENCE However, it is provided in section 5(1) of the Act that before opening an account for or issuing passbook or even entering into any business relationship with a potential customer, the financial institution shall verify the customers identity and address. For individual, he is required to provide proof of his identity by presenting to the financial institution a valid original copy of an official document bearing his names and photograph; Secondly, he is to show proof of his address, by presenting to the financial institution the originals of receipts his/her utilities issued within the last three months by public institution (example, electricity or water bill). In the case of a body corporate, its proof of identity shall be provided by the presentation of its certificate of incorporation and other valid official documents attesting to the existence of the body corporate. Where a manager, employee, or assignee is delegated by a body corporate to open or operate an account, such a person shall in addition to the requirements specified for private individuals also show proof of a power of attorney granted to him for that purpose. One important provision in the Act designed to facilitate the detection of money laundering activities is section 6(1). It provides as follows: When a financial institution is requested to carry out a transaction, whether or not it relates to the laundering of the proceeds of a crime or an act, the financial institution shall seek information from the customer as to the origin and the destination of the funds, the aim of the transaction and the identity of the beneficiary. In order to make this surveillance function more effective, financial institutions are required within seven days of the transaction to carry out the following actions: Draw up a written report containing all relevant information about the transaction as well as the identity of the principal and where applicable, those of the beneficiary. Take appropriate action to prevent the laundering of the proceeds of a crime or an illegal Act. Send a copy of the report and action taken to the Central Bank, the Commission, the Securities and Exchange Commission, or such other appropriate regulatory authority, as the case may be. Significantly, any financial institution which fails to comply with the above provisions is guilty of an offence and liable upon conviction to a fine of N1, 000,000 each day for as long as the offence continues. In order to emphasize the importance of records of transactions, it is provided that these records are to be kept and preserved for at least a period of 10 years, and that the records shall be communicated to the Central Bank, National Drug Law Enforcement Agency (NDLEA), judicial authorities, Customs Officers, and such other persons as the Central Bank may from time to time specify. However, the mandatory disclosure requirement concerning financial transactions is contained in section 10 of the Act. It is to the effect that a financial institution or casino shall report to the Agency in writing, lodgement or transfer of funds in excess of One million (N1, 000,000) Naira or its equivalent in the case of an individual and Five million (N5, 000,000) Naira or its equivalent in the case of a body corporate. This report is to be submitted within seven days of any single transaction. And even an ordinary citizen other than a financial institution may voluntarily give information on any transaction, lodgement, or transfer of funds involving the amounts set out above. This ensures that even when a financial institution fails to report as required, information about the transaction still gets to the Agency (See Chukuemerie, 2004, Okogbule, 2007b). The intent of the provisions is to enable the Agency ascertain the origin of the funds and determine whether to direct a stoppage of the transaction or not. This it can do when acknowledging receipt of such disclosure, report or information received in furtherance of the provisions. If the Agency is unable to ascertain the origin of the funds within a period of 72 hours, it may make a request to the Federal High Court for an order that the funds, accounts, or securities referred to in the report be blocked, and an order made by the Court in pursuance of this provision shall be enforced forthwith. Section 9(1) of the Act provides that every financial institution shall develop programmes to combat the laundering of proceeds of a crime or other illegal act. These shall include: The designation of compliance officers at management level at its headquarters and at every branch and local office; Regular training programmes for its employees; The centralization of the information collected; The establishment of an internal audit unit to ensure compliance with and ensure the effectiveness of the measures taken to enforce the provisions of the Act In order to ensure compliance with this provision, the Governor of the Central Bank of Nigeria is empowered to impose a penalty of not less than one million Naira on any financial institution which fails to comply with the above provisions. And that makes it a very important provision since the threat of immediate sanction which could be suspension of the banks operating license can engender compliance with the statutory provision. THE MONEY LAUNDERING OFFENCE IN NIGERIA The actual money laundering offences are provided for in sections 14 18 of the Act which also specify the penalties for such offences. Thus, section 14(1) provides as follows: Any person who converts or transfers resources or property derived directly or indirectly from illicit traffic c in narcotic drugs or psychotropic substances or any illegal act, with the aim of either concealing or disguising the illicit origin of the resources or property or aiding any person involved in the illicit traffic c in narcotic drugs or psychotropic substances or any other crime or illegal act to evade the legal consequences of his action; or collaborates in concealing or disguising the genuine nature, origin, location disposition, movement or ownership of the resources, property or rights thereto derived directly or indirectly from illicit traffic c in narcotic drugs or psychotropic substances or any other crime or illegal act, commits an offence under this section and is liable on conviction to imprisonment for a term of not less than 2 years or more than 3 years. Significantly, a person who commits an offence under this subsection shall also be subject to the same penalty notwithstanding the fact that the various acts constituting the offence were committed in different countries or places. It is not difficult to ascertain the rationale behind this provision since, very often; money laundering entails the perpetration of some of the acts in one country and the others in other countries. This brings to the fore the transnational nature of money laundering which has given rise to international concern for its regulation. Section 16 of the Act provides that any person who: Whether by concealment, removal from jurisdiction, transfer to nominees or otherwise retains the proceeds of a crime or an illegal act on behalf of another person knowing or suspecting such other person to be engaged in a criminal conduct or has benefited from a criminal conduct; or Knowing that any property either in whole or in part directly or indirectly represents another persons proceeds of a criminal conduct, acquires or uses that property or has possession of it, commits an offence under this Act and is liable on conviction to imprisonment for a term of not less than 5 years or to a fine equivalent to 5 times the value of the proceeds of the criminal conduct or to both such imprisonment and fine. It is difficult to fashion the rationale for this marked variation in the punishment specified under this section and that provided for in section 14 of the Act relating to the actual conversion or transfer of funds from such criminal or illegal activities which is stated to be not more than three years. Although it may be said that the opportunity created by a willing receptacle could have emboldened the suspect and thus facilitated the commission of the offence, it is nevertheless incongruous to have such marked disparity in the punishment for both kinds of offences, when the level of moral reprehensibility is more for the actual converter or transferor of such illegal funds than the receiver. THE EFFECTIVENESS OF MONEY LAUNDERING REGULATION IN NIGERIA The government of former president Obasanjo, of Nigeria was able to start the fight against corruption and money laundering, by presenting the bill Money laundering (Prohibition) Act 2004, before the national assembly which was accented by the government and put into use immediately in order to fight the menace in the country. However, by the year 2006, the EFCC was able to secure the conviction of the former inspector general of police, Mr Tafa Balogun for several offence mostly on money laundering, by showing that ACT that no one is above the law in the country and it shows that it has the political will to tackle the canker worm of money laundering in all its ramifications (Okogbule, 2007, Chukwuemerie, 2006). Furthermore, within the first two years of creating the Economic and Financial Crimes Commission in Nigeria, they proved effective and were able to recovered [sic] more than $1.5bn (N203.5bn) of looted funds and arrested more than 200 people and out of the 200, 50 people were convicted and recovered $37.1M (N5bn) from import malpractices (Malgwi, 2004). Again the EFCC was able to secure a plea bargain with a former governor of Edo State of Nigeria, Mr Lucky Igbinedion, which in the agreement consented in refunding the sum of N500M stolen funds and forfeit some of his properties. It was not only Igbinedion that got the plea bargain, Mr Nwude, Mr DSP Alamieyeseigha former governor of Bayelsa State of Nigeria, also enjoy the gesture (Alli, 2008). However, recently the Chairman of the financial crimes commission in Nigeria, admit that they are not fully enforcing the money laundering regulation in the country while hosting stock broking firms in her office. Waziri said the anti-graft agency would start the immediate enforcement of the provisions of the Money Laundering (Prohibition) Act 2004, and prosecute all stock broking firms that default in their obligation to the suspicious transactions reports and currency transaction reports (Akinsunyi, 2009). Under Section 23 of the Money Laundering Act, firms carry on the business of investment and securities (this includes stock broking firms) are designated as financial institutions and there is an obligation on them to file with the Nigerian Financial Intelligence Unit all suspicious transactions, and file with the Nigerian Financial Intelligence Unit all currency transactions above N500, 000 for individuals and the N2 million for companies. But all that is done by stock broking firms in the country. And up to extent a an investment firm took a loan of N90 Billion from a bank in order to manipulate the market, but that is between Bank and it is customer, but the utilization of the loan is different which is contrary to Section 20 of the BOFIA and the regulations of the Central Bank of Nigeria (CBN) and carries a jail term of between two and three years. It is also a breach of the Investment and Securities Act (see Thisday Newspaper, August, 2009). However, this bring us to the issue of reporting system adopted by the Financial Action Task Force and was even part of the Nigerian Money Laundering (Prohibition) Act 2004, which is in section 6 sub-section 1(a) that direct financial and non financial institutions to draw up a written report on any illegal transaction and submit within seven days to the relevant authorities. That means the Act, is not been followed by the Banks and stock broking firms. FACTORS FOR AND AGAINST MONEY LAUNDERING REGULATION IN NIGERIA There is no doubt that with the enactment of the Money Laundering Act 2004 the Nigerian Government has taken a bold step in its efforts to fight against money laundering in the country. However, it is effort and resourcefulness may not bear the required results if the well-known problems of enforcement of law in the country are not adequately addressed in the provisions. It is a common feature in Nigeria that individuals and institutions prefer to subvert laid down rules rather than comply with them, for example the recent banks audit conducted by the new Central Bank Governor, it shows how reckless the banks are operating, given out a loan of N490 Billion without a collateral, which form part of analysis in given out to loan to any customer by a bank and is used to settle out the debt in case the loan goes bad, but they ignore that and give out the money without following the laid down rules. The assurance being that even when they fail to comply, officials from the regulatory institutions will always compromise their positions. This brings to the fore the popularity of corruption in the country as such officers are often settled to overlook noncompliance with statutory provisions (Okogbule, 2007). In such situation, there is usually an unethical alliance between regulatory officers on the hand and the defaulting financial institutions. Therefore, there will be inadequate or ineffective enforcement of the rules, to the detriment of the country. However, recently an upright officer (Barrister Abubakar Abba Umar) with the Corporate Affairs Commission (CAC) in Nigeria lost his life in the course of his duty. He was involved in making the organisation a very good place that it suppose to be, because to get a company registered in Nigeria, it might take you two to three months, but his coming within a day after full verification you can get your company registered. While in course of investigation of certificate fraud in the organisation, he was forced to hand over some lawyers involve to EFCC for prosecution (see Leadership newspaper, 2009), seeing all this thing happening nobody will like to give himself up in order to do a good job in fighting money laundering in Nigeria. According to Andrew (2004, pp 173), he argues that the Act is faithfully implemented by Economic and Financial Crimes Commission, the Central Bank of Nigeria, the National Drug Law Enforcement Agency and the Minister of Commerce, this relevant authorities are the ones in positions to see the implementation of the Act to the later. However, if they did not enforce the implementation concurrently together, there is every chance that the Act, will not be effective as it suppose to be in checkmating the money laundering activities in the country. There is also problem of regular monitoring of the activities of these financial institutions. Inspectorate and Compliance Officers are known to be lax in their monitoring of the operations of these institutions, due to the fact that they are conniving together to subvert the law regulating the institutions (see Okogbule, 2007). <

What is Love? Essay -- Papers Definition Love Marriage Loving Essays

What is Love? Love: What is it? Love, what is it? To many people love means many things. To others, to love is to place their happiness in one another. Others love can be how they feel about that special someone. I'm not talking about the fatherly love or that motherly love. I'm talking about the love that you feel towards someone. That special someone that you could possibly spend the rest of your life with. Webster defines love as a strong feeling of attraction resulting from sexual desire; enthusiasm or fondness. But to me love is not just a feeling, but it is the way that you treat that special someone that you care for. Treating them so kindly so they'll know you care and love them. Love in my eyes, is making that sacrifice for someone, knowing that you might regret it sooner or later. Love is how you make another person feel when you are in their presence. Love is the laughter that you share, the time you spend, and the relationship that you build with that special someone. Many people show or express their love for someone in many and different ways. For instance, there was an ancient Egyptian Poem that captivated my attention. While I was reading the poem it made me realize how more people view love the same way as I do. The poem is named "Love, how I'd love to slip down to the pond." In the poem there were lines that helped me realize that love is not what you say, it is what you do. And in the poem there was a line that stood out far from the rest. It said, "Just for you I'd wear my new Memphis swimsuit, made of sheer linen, fit for a queen- Come see how it looks in the water". Not caring about how she looks to others or how foolish she might feel, she entices her mate with a swimsuit that when w... ...itten by Chung Tzu there is a pome numbered 22 in the text. Part of it reads: Of fair girls the prettiest Gave me a red flute. The flush of that red flute Is pleasure at the girl's beauty. She has Been in the pastures and brought for me rush-wool, Very beautiful and rare. It is not you that are beautiful; But you were given by a lovely girl. In my opinion the moral of the poem is not to cherish what is given to you, but cherish the thought and sincerity of the person. Material items can be lost, broken, or even stolen. But when you see it as an action of ones emotion, the thought of that item ant the person who gave it to you will live on forever. Patterson 5 Today, many people have different out looks and perspectives about love and that what it is or what it should be. But you can't truly love any one until you answer that funny little question? Love: What is it?

What is biopsychology

Multidisciplinary study of the nervous system and its role in behaviour. Understanding brain demands incredible level of effort, ingenuity, and technological innovation. US Congress declares 1990s as being â€Å"Decade of the Brain† Not only expand the horizon of human knowledge but also advances treatment of: neurological disease, emotional disorders, and addictions 300 years of scientific past The branch of psychology that studies the relationship between behaviour and the body, particularly the brain. Behaviour:Internal events such as: learning thinking emotion Overt (Done or shown openly; plainly or readily apparent, not secret or hidden) acts Biopsychology attempts to answer: What changes in the brain when a person learns? Why does one person develop depression, another becomes anxious, and another is normal? What is the physiological explanation for emotions? How do we recognise the face of a friend? How does the brain ‘s activity result in consciousness? Biologica l psychologists use a variety of research techniques to answer these uestions.Ex: Staining and Imaging neurons Light and electron microscopy Measuring and manipulating brain activity Brain imaging techniques Genetics Main focus is on the brain's role in behaviour Main tocus is on the brain s role in behaviour. Thinkers have struggled with the question of behaviour and experience for more than two millennia. Psychology as a separate discipline fairly recently (1879, Wilhelm Wundt). Biological approach could answer significant questions about behaviour.

The New Enhanced ACT Writing Test (2016) Complete Guide

The New Enhanced ACT Writing Test (2016) Complete Guide SAT / ACT Prep Online Guides and Tips Did you know that the ACT Writing Test changed dramatically in Fall 2015? You might not, because people haven't talked about it much, but it changed the ACT and possibly standardized testing in general. It's scored based on all of the old ACT's criteria, but also on a number of new concepts. We've written the most comprehensive guide available on the new ACT Writing section. Keep reading to find out how you can prepare for and ace this new test. Because there's a lot to cover, we've divided this article into 3 sections, each exploring a major change in the new ACT Writing assignment: Part 1: Expanded Prompts Part 2: More Open-Ended Assignment Part 3: Redesigned Scoring Criteria Before we dive into this, it's useful to understand why they're changing the ACT Essay section, because this will help you write a better essay. Why Is the Writing Section Changing? One of colleges' biggest complaints about high school graduates is that their writing isn't academic or complex enough. Because the ACT is trying to position itself not only as a college entrance exam but also as a state-mandated graduation benchmark, it's always trying to stay relevant to the modern education system, and the Enhanced ACT Writing Test is a big part of that. ACT, Inc. gives a number of reasons for the changes to the essay assignment. The simplest explanation they give is that it "will allow students to more fully demonstrate their analytical writing ability." Edward R. Colby, a spokesman for ACT, has also commented on the increased complexity of the Enhanced ACT Writing assignment: â€Å"It won’t be ‘this side or that side,’† Mr. Colby said. â€Å"The question will ask students for multiple perspectives and support. It will be a more-complex prompt than what we’re delivering now.† But the real motivations behind the redesigned ACT Writing test are related to broader changes in education. Until recently, each state decided what to teach its students, and many students were graduating from high school totally unprepared for college. So in 2010, the National Governors Association released the Common Core standards in English and math. Forty-four of the fifty U.S. states and the District of Columbia have adopted the Common Core State Standards Initiative. The Grades 11-12 Common Core Writing Standards include references to three very specific types of writing: "Write arguments to support claims in an analysis of substantive topics or texts, using valid reasoning and relevant and sufficient evidence." "Write informative/explanatory texts to examine and convey complex ideas, concepts, and information clearly and accurately through the effective selection, organization, and analysis of content." "Write narratives to develop real or imagined experiences or events using effective technique, well-chosen details, and well-structured event sequences." As you'll be able to see in the scoring criteria later in the article, these three modes of writing correlate directly to the newly-added columns of writing modes in the ACT's new Writing Competencies Model. Will the Enhanced ACT Writing Test Matter More to Colleges? We don't yet know whether these changes will make the writing test more relevant to colleges, most of which don't require applicants to submit writing scores. But some of those colleges are big, and over 50 percent of high-school seniors are still writing essays when they take the ACT. Ultimately, colleges won't change their policies until the 2015 new ACT Writing test has been administered a few times, to see what the scores end up reflecting. For example, the old ACT essay is generally considered to be a somewhat skewed measure of students' writing ability. It can't test, as the Enhanced ACT Essay claims to, "insight/deeper understanding through thoughtful consideration." The closest it comes to testing "insight" is whether the examples logically support the point being made. It appears, though, that the new version is trying to capture more of the depth and meaning of an essay than has been attempted by standardized tests so far. PART I: Expanded Prompts While ACT, Inc. has only released a few sample prompts for the Enhanced ACT Writing section, we can learn a lot from them. The prompts are longer, more complicated, and cover a broader range of topics than the old prompts did. The topic of the old prompts mostly covered high school and education. They gave a paragraph on the topic and asked only that you "take a position" and support it. Old Prompt Style and Topic Here's the old style of prompt (this is all of it): Rather than concentrating on doing one thing at a time, high school students often divide their attention among several activities, such as watching television and using the computer while doing homework. Some educators believe multitasking is a bad practice when doing homework because they think dividing attention between multiple tasks negatively affects the quality of students' work. Other educators do not believe multitasking is a bad practice when doing homework because they think students accomplish more during their limited free time as a result of multitasking. In your opinion, is it too distracting for high school students to divide their attention among several activities when they are doing homework? In your essay, take a position on this question. You may write about either one of the two points of view given, or you may present a different point of view on this question. Use specific reasons and examples to support your position. As we discuss in our blog post about current ACT Writing prompts, and as is reflected in the prompt above, the old ACT prompts were all about topics related to high schoolers and high school education. And as you'll read next, that is no longer true with the introduction of the Enhanced ACT Writing Test. New Prompt Style and Topics The redesigned ACT Writing prompts are much more complex. They start with a passage about the same length as the old one, shown below. Notice that the prompt does not ask a specific question about the information. The prompt topic below, about the mechanization of the workforce, is a broad and often controversial issue in modern society. As you can see, it has nothing to do with high school or education. Note: in the prompt below, released by the ACT, the emphasis (in italics) of certain key phrases has been added by the editor. Intelligent Machines Many of the goods and services we depend on daily are now supplied by intelligent, automated machines rather than human beings. Robots build cars and other goods on assembly lines, where once there were human workers. Many of our phone conversations are now conducted not with people but with sophisticated technologies. We can now buy goods at a variety of stores without the help of a human cashier. Automation is generally seen as a sign of progress, but what is lost when we replace humans with machines? Given the accelerating variety and prevalence of intelligent machines, it is worth examining the implications and meaning of their presence in our lives. Since this is one of five prompts the ACT has released, we don't know anything about the range of topics they'll be covering. But we can draw some basic conclusions about their scope and structure. The Anatomy of the New ACT Writing Prompt Let's break down the new prompt, sentence by sentence. Sentence 1: General statement about "intelligent, automated machines" providing "goods and services" Sentences 2-4: Three specific examples of robots replacing human workers Sentence 5: Core question, "what is lost when we replace humans with machines?" Sentence 6: Instruction, "[Examine] the implications and meaning of [intelligent machines'] presence in our lives." As you can see, the instruction in Sentence 6 is phrased somewhat abstractly- it just says the topic is "worth examining." But since this is an essay prompt, we know that that sentence is actually telling us what it wants us to do. But that's not all! Added Perspectives, a.k.a. Points of View In addition to the large text prompt above, the Enhanced ACT Writing test gives you three different perspectives on the issue in thepassage: Perspective One What we lose with the replacement of people by machines is some part of our own humanity. Even our mundane daily encounters no longer require from us basic courtesy, respect, and tolerance for other people. Perspective Two Machines are good at low-skill, repetitive jobs, and at high-speed, extremely precise jobs. In both cases they work better than humans. This efficiency leads to a more prosperous and progressive world for everyone. Perspective Three Intelligent machines challenge our long-standing ideas about what humans are or can be. This is good because it pushes both humans and machines toward new, unimagined possibilities. Let's simplify the three perspectives: 1) Mechanization is related to and a symbol of perceived modern cultural disintegration (It's bad). 2) The efficiency of mechanization can only benefit humanity (It's good because it's efficient). 3) Mechanization is good because it tests our ideas about humanity (It's good because it challenges us). There's no way to know what the perspectives will be on future redesigned ACT Writing prompts, but it's safe to say that at least one will be positive and at least one will be negative. We'll explain what you're supposed to do with these perspectives below. PART II: More Open-Ended Assignment After the ACT presents you with this heap of information, it finally gives some specific instructions on what it wants you to do. Revised Expanded Instructions and Hints Here's the new 2015 ACT Writing Essay Task. It's safe to assume that this will be the same in every subsequent ACT Writing test. Essay Task Write a unified, coherent essay about the increasing presence of intelligent machines. In your essay, be sure to: clearly state your own perspective on the issue and analyze the relationship between your perspective and at least one other perspective develop and support your ideas with reasoning and examples organize your ideas clearly and logically communicate your ideas effectively in standard written English Your perspective may be in full agreement with any of the others, in partial agreement, or wholly different. There are a few new important things to note here: you now must not only choose a perspective on the issue (which, to make your life easier, should be one of those given), but also must discuss the relationship between the perspective you choose and at least one of the others. This is significantly more challenging than the amount of analysis you were expected to do in the old ACT Writing test. We'll get more deeply into this in a moment. New: Focus on Planning But wait! There's more! On a second page, the Enhanced ACT Writing Test gives space for planning your essay, and reminders of some things to consider including: Planning Your Essay Your work on these prewriting pages will not be scored. Use the space below and on the back cover to generate ideas and plan your essay. You may wish to consider the following as you think critically about the task: Strengths and weaknesses of the three given perspectives What insights do they offer, and what do they fail to consider? Why might they be persuasive to others, or why might they fail to persuade? Your own knowledge experience and values What is your perspective on this issue, and what are its strengths and weaknesses? How will you support your perspective in your essay? You can see, given the instructions, that there are a lot of elements to consider. It's a lot more open-ended than the old ACT essay. How Has the Assignment Changed? In the old ACT essay, you had 2 jobs: take a position on the topic (and defend it), and address (and disqualify) the opposing perspective to your own. In the Enhanced ACT Writing, you have still have 2 analytical jobs, but the specifics of the jobs have changed. You still have to take a position on the topic (and defend it), but,and this is the most novel part, you also have to discuss the relationship between the perspectives. The ACT gives you space in the essay booklet that's specifically for planning (to emphasize that planning is CRUCIAL to the assignment) and contains ideas for brainstorming support. Unfortunately, the ideas they give are a bit obtuse. Let's translate them into simpler wording: "What insights do they offer, and what do they fail to consider?" = how is each perspective right and wrong? "Why might they be persuasive to others, and how might they fail to persuade?" = why would people agree or disagree with each perspective? "What is your perspective on the issue, and what are its strengths and weaknesses?" = think about the perspective you choose and make sure it's easy to support (which, hopefully, you'd do automatically) "How will you support your perspective?" = the same thing you had to do on the old ACT essay: think of reasons and examples that show the validity of your argument PART III: Redesigned Scoring Criteria The old ACT Writing score criteria were in paragraph form, by score, and not broken down into categories. Let's take a look. The Old ACT Essay Scoring Criteria Score = 6 Essays within this score range demonstrate effective skill in responding to the task. The essay shows a clear understanding of the task. The essay takes a position on the issue and may offer a critical context for discussion. The essay addresses complexity by examining different perspectives on the issue, or by evaluating the implications and/or complications of the issue, or by fully responding to counterarguments to the writer's position. Development of ideas is ample, specific, and logical. Most ideas are fully elaborated. A clear focus on the specific issue in the prompt is maintained. The organization of the essay is clear: the organization may be somewhat predictable or it may grow from the writer's purpose. Ideas are logically sequenced. Most transitions reflect the writer's logic and are usually integrated into the essay. The introduction and conclusion are effective, clear, and well developed. The essay shows a good command of language. Sentences are varied and word choice is varied and precise. There are few, if any, errors to distract the reader. By contrast, the ACT's new "writing competencies model" looks really complicated, but much of it is the same as the old ACT essay requirements. The major categories are still the same- "generate ideas" is the same as "takes a position and supports it" and so on. Let's look at each section; the items in blue boxes are the newly-introduced elements. However, it's not 100% accurate to say that all of these are newly introduced. After the new criteria, we break down what's actually new and how it fits into the simpler, older scoring model. The Redesigned 2015 ACT Essay Scoring Criteria Generate Ideas Develop Ideas Sustain Ideas Organize Ideas Communicate Ideas There's a lot to digest here, so we've created a condensed version of the old ACT scoring criteria on the left and the new additions from the blue boxes above on the right. Old ACT Writing, Score of 6 New ACT Skill Name Enhanced ACT Writing adds... The essay takes a position on the issue and may offer a critical context for discussion. The essay addresses complexity by examining different perspectives on the issue, or by evaluating the implications and/or complications of the issue, or by fully responding to counterarguments to the writer's position. Generate ideas (Judgment, Analysis, Narration and Reflection) multiple perspectives articulate insight/depth of understanding situated perspectives (context) Development of ideas is ample, specific, and logical. Most ideas are fully elaborated. Develop Ideas (Develop a Position, Support an Explanation, Give an Account) appeals to emotion/feeling identify and explore relevant underlying assumptions, ideas, or values arrive at insight/deeper understanding through thoughtful consideration A clear focus on the specific issue in the prompt is maintained. Sustain ideas (Focus) Nothing New The organization of the essay is clear: the organization may be somewhat predictable or it may grow from the writer's purpose. Ideas are logically sequenced. Most transitions reflect the writer's logic and are usually integrated into the essay. The introduction and conclusion are effective, clear, and well developed. Organize ideas (Organization) Sequence narrative elements effectively The essay shows a good command of language. Sentences are varied and word choice is varied and precise. There are few, if any, errors to distract the reader. Communicate Ideas (Language Use) Use appropriate voice and tone Use narrative techniques Use descriptive vocabulary Why Are There 3 Columns of Criteria? The old ACT was entirely focused, in its instructions and scoring, on the Persuasive/Argumentative mode of writing. You were supposed to analyze the topic thoughtfully, which is part of the Analytical Expository mode, and you were encouraged to use examples, which requires the Reflective Narrative mode. But only the goals of the Persuasive/Argumentative mode were meant to count toward your score. Like many recent education changes, redesigned ACT Writing scoring is purposely in line with the Common Core state standards, which are meant to improve the U.S.'s competency in relation to the education systems of other countries, and to make sure all students graduate college-ready. These standards are considered more difficult than previous public school standards, and the changes are somewhat controversial in some circles. In any case, the ACT is now including this more complex (and accurate) view of writing competency in their new essay format. Let's get more in depth with these two new modes of writing. Analytical Expository Mode You've probably written plenty of expository papers for high school, but the redesigned ACT Writingis focusing more on the Analytical part of the description. While the old ACT essay (and the SAT essay) scored only the persuasive elements of the essay- whether your arguments logically supported your point- the new scoring system is meant to reward INSIGHT. This is actually a huge revelation for standardized testing, and is not something that can be scored by a computer. Reflective Narrative Mode Really, this could just be called Storytelling. It's supposed to cover any specific examples or personal stories you choose to use to support your thesis. It's the least important of the three modes, both in the ACT essay and in academic writing. We don't need to worry much about these criteria- just give your examples clearly, and try to include all the relevant details. In scoring essays at PrepScholar, we don't find that this is a common problem for students. Which ACT Writing Test Should I Take? Most people will probably tell you that the old ACT Writing test was easier than the Enhanced ACT Writing test, and that you should definitely choose it over the new test if you have a choice. But it's a bit more complicated than that: it may be more accurate to say that the old test is more formulaic, scoring only for logical structure rather than actual insight or ability to analyze multiple viewpoints. If you're the kind of student who writes great essays for English class, or who loves writing well, the redesigned ACT Writing test may be for you. It will take into account analytical skills that aren't part of the old essay, so if you write a really insightful essay for the old test, you won't be rewarded for it. On the redesigned ACT Writing test, you will. Personally, I've always been the kind of person who hates writing to a formula and who wants all my writing to be interesting and insightful. For that reason, I'd choose the new test. How Can I Study for the New ACT Writing Test? Well, since we only have a few prompts, we don't know yet what specific topics you should read up on. But we do know you'll be asked to write about multiple perspectives on common cultural debates, such as nuclear power or government-subsidized health insurance. So you can google "debate topics," choose a few that are appropriate for high schoolers, and prepare your own prompts: just find three different perspectives on the issue, and then use them to perform the Essay Task above. The ACT may be releasing more information before the redesigned Writing test is administered, so stay tuned to the PrepScholar blog to keep yourself in the know! What's Next? If you're researching this topic, you're probably looking to score a pretty high score. Read our guide to how to get a perfect ACT score, written by our 36 ACT scorer. Also, read our guide on how to get a perfect 12 on the ACT Writing section. What's a good ACT score for you? Find out how to get your ACT target score, step by step. Want to improve your ACT score by 4 points? Check out our best-in-class online ACT prep program. We guarantee your money back if you don't improve your ACT score by 4 points or more. Our program is entirely online, and it customizes your prep program to your strengths and weaknesses. We also have expert instructors who can grade every one of your practice ACT essays, giving feedback on how to improve your score. Check out our 5-day free trial:

Great Expectations..Jaggars Essays - English-language Films

Great Expectations..Jaggars Essays - English-language Films Great Expectations..Jaggars Great Expectations Commentary The well-known novel Great Expectations was the last great work by Charles Dickens. It is about an orphan, Pip, who is brought up in the early nineteenth century. Pip meets a girl named Estella who is of the upper class, this encounter leads him into the dream of becoming a gentleman. He is introduced to a lawyer, Mr. Jaggers, who becomes his guardian while staying in London. When he reaches London and enters Mr. Jaggers office, his thoughts are revealed and the room is put into detailed description. The use of diction, narrative voice, and setting help the readers learn more about Jaggers, contributes in creating an interesting atmosphere, as well as foreshadowing future incidents. The passage (in chapter 20) where Pip reveals to us the inner qualities and setting of Mr. Jaggers room, the diction used is extremely significant. Throughout the majority of the passage, Pip uses negative wording in order to express Mr. Jaggers character. The features described in the room link directly to Mr. Jaggers personality. The room was lighted by a skylight only and was a most dismal place. The darkness expressed through these words relate to Mr. Jaggers occupation as a criminal defense lawyer. The dullness and guilt involved in doing his job is also shown here. The mention of casts and coffins sets a mood of death within the setting and scene. These words create a creepy atmosphere in which foreshadows that Mr. Jaggers newfound involvement in Pips life will not necessarily be all good. This is contradictory to how Pip feels pursuing his dream into becoming a gentleman. The distorted adjoining houses looking as if they had twisted themselves to peep down at me. Being that Mr . Jaggers is a criminal defense lawyer and deals with many underworld clients, its as if he is also playing the bad guy. These adjoining buildings act as if they are watching his every move. The place seems so dirty, with the blacks and flies everywhere and everything layered with dust and grit that lay thick. Pip, the narrator, repeatedly uses words such as twisted, distorted, dreadful, and twitchy while describing the office. All these words create an eerie atmosphere as well as a spooky image of Mr. Jaggers. Mr. Jaggers is a powerful character that is harsh, and everything about him seems frightening and fierce. The diction used in this passage just gives him an overall bad image. Pip, the orphan, acts as the narrator throughout the whole novel. His tone of voice is very important in contributing to the effect of the present scene. In this passage, Pip stares in awe around the room, he talks of the accessories in Mr. Jaggers room as if they are real. I really could not bear the two casts on the shelf above Mr. Jaggers chair, and got up and went out. Pips own action of having to leave the room at such an expense proves to the reader how awful the room is. As the room links to Mr. Jaggers character, this makes the reader in turn, become fearful of Mr. Jaggers. Pips narrative voice is also very confused. I wondered whether the two swollen faces where of Mr. Jaggers family. His confusion is able to strike the reader as very observant with all the questions that he has to ask. Pips very detailed description of Mr. Jaggers room indicates to us the exact first impression that Pip must have of the lawyer: Mr. Jaggers is shown to be a frightening fellow. The narrative voice of Pip is useful in helping the reader understand Mr. Jaggers character more clearly in this passage. The setting of Mr. Jaggers room is essential in explaining to the reader, indirectly, what the mans personality is like. Mr. Jaggers own high- backed chair was of deadly black horsehair, with rows of brass nails round it, like a coffin. The high- backed chair acts as an instrument in expressing Mr. Jaggers powerful character. It is ironic how someone with so much power would use horsehair, killing an animal, to use as part of his furniture. And yet, this hair is nailed down onto the chair, as if the power would run away. An old

Yuan Dynasty Emperors List - Chinese Emperors

Yuan Dynasty Emperors List - Chinese Emperors The Yuan Dynasty in China was one of the five khanates of the Mongol Empire, founded by Genghis Khan. It ruled most of the modern day China from 1271 to 1368.  Genghis Khans grandson, Kublai Khan, was the founder and first emperor of the Yuan Dynasty. Each Yuan emperor also served as the Great Khan of the Mongols, meaning that the rulers of the Chagatai Khanate, the Golden Horde, and the Ilkhanate answered to him (at least in theory). Mandate of Heaven According to official Chinese histories, the Yuan Dynasty received the Mandate of Heaven even though it was not ethnically Han Chinese. This was true of several other major dynasties in Chinese history, including the Jin Dynasty (265 - 420 CE) and the Qing Dynasty (1644 - 1912). Although the Mongol rulers of China adopted some Chinese customs, such as the use of the Civil Service Exam system based on the writings of Confucius, the dynasty maintained its distinctly Mongol approach to life and lordship. Yuan emperors and empresses were famous for their love of hunting from horseback, and some of the early Yuan era Mongol lords evicted Chinese peasants from their farms and turned the land into horse pastures. The Yuan emperors, unlike other foreign rulers of China, married and took concubines only from within the Mongol aristocracy. Thus, to the end of the dynasty, the emperors were of pure Mongol heritage. Mongol Rule For almost a century, China flourished under Mongol rule. Trade along the Silk Road, which had been interrupted by warfare and banditry, grew strong once again under the Pax Mongolica. Foreign traders flowed into China, including a man from far-off Venice called Marco Polo, who spent more than two decades in Kublai Khans court. However, Kublai Khan over-extended his military power and the Chinese treasury with his military adventures overseas. Both of his invasions of Japan ended in disaster, and his attempted conquest of Java, now in Indonesia, was equally (although less dramatically) unsuccessful. The Red Turban Rebellion Kublais successors were able to rule in relative peace and prosperity until the end of the 1340s.  At that time, a series of droughts and floods produced famine in the Chinese countryside. People began to suspect that the Mongols had lost the Mandate of Heaven. The Red Turban Rebellion began in 1351, drawing its members from the hungry ranks of the peasantry, and would end up overthrowing the Yuan Dynasty in 1368. The emperors are listed here by their given names and khan names. Although Genghis Khan and several other relatives were posthumously named emperors of the Yuan Dynasty, this list begins with Kublai Khan, who actually defeated the Song Dynasty and established control over greater China. Borjigin Kublai, Kublai Khan, 1260-1294Borjigin Temur, Temur Oljeytu Khan, 1294-1307Borjigin Qayshan, Qayshan Guluk, 1308-1311Borjigin Ayurparibhadra, Ayurparibhadra, 1311-1320Borjigin Suddhipala, Suddhipala Gegeen, 1321-1323Borjigin Yesun-Temur, Yesun-Temur, 1323-1328Borjigin Arigaba, Arigaba, 1328Borjigin Toq-Temur, Jijaghatu Toq-Temur, 1328-1329 and 1329-1332Borjigin Qoshila, Qoshila Qutuqtu, 1329Borjigin Irinchibal, Irinchibal, 1332Borjigin Toghan-Temur, Toghan-Temur, 1333-1370

The current level of government regulation of business is detrimental Term Paper

The current level of government regulation of business is detrimental to our economy - Term Paper Example It was the Industrial Revolution in the 19th century that was the start of modern business organizations. The principles of business have been the same over the years - the availability of land, labor, capital and management. Among the factors of the production, capital has become the most important as the other factors are dependent on it. The capital and the management lead to the concept of Capitalism. Capitalism is the process of earning a living with the use of capital. The era of the capitalism is prominent in the growth of business over the years. It has been present since medieval times. In earlier stages of human history, people were nomadic in nature and they relied on agriculture. However, even at that time, the society consisted of businessmen of various classes and there were signs of business activity. Industrial Revolution, of the nineteenth century, aided the growth of the private business bodies and this helped in the development of economy. In some cases like that i n China and Russia, the capitalism was state controlled and the Government controlled the economic activities of the state. Throughout the stages of the economic development, the governing bodies of the society have maintained some sort of control over the growth of business. In early days, kings and the chiefs had the governing power. The economic activities and business needed their permission. Then came democracy, here the onus fell on governments of the respective countries to control the business activities. In some cases, governmental control has aided the development of the business, while on the other hand it has blocked the natural path of development. As the governmental system strengthened, judicial system developed to further defend the interest of businesses and their stake holders. This helped in the formation of rules and regulations, which were to be followed by the business organizations. The setting up of the rules and regulations paved the way for a more disciplined approach to the setting up of the business. However, there have been complaints that too many rules and regulations gover n business organizations, which is detrimental to the natural growth of the business organizations. Indirectly, this also affects the rate of growth at which the economies grow. Thus, it can be said that the current level of government regulation of business is detrimental to our economy. (Graf, 2003: 1-8) The concept of Regulation The regulation of the business activities has been a problem from the beginning of time. These were the times when the leaders of the tribe or the kings controlled the people and business activity of their dominion. The next stage was of colonialism, the kings of the countries regulated the activities of the business. In the case of USA, the regulation of the business activities started with the advent of colonialism. The Europeans descended the USA and set up colonies in the region. The Government of the respective countries controlled the colonies. The business activities followed the trajectory of that in Europe where guilds were formed to control the business activities. These were formed to protect the people from exploitation of the authority. There were two different types of guilds in the medieval age - merchant guild and the craft guild. The merchant guild was

Death in venice long Essay Example | Topics and Well Written Essays - 2000 words

Death in venice long - Essay Example How does Aschenbach’s homosexuality slot into the bigger image of Death in Venice and why, in spite of of Wagner’s view on Borgade’s manifestation, could this be hard? Through a study of Visconti’s movie, I wish to illustrate that similar gender attraction in Death in Venice functions to expound more on the states of art and living as associating to the homosexual perspective of the twentieth century era. To perform this, I will foremost investigate the past perspective of both the movie/ manuscript’s plot in the era of twentieth century and its association to the Visconti output of the 1970’s era. How is Viscontis movie and Aschenbach’s similar gender attraction function in the two, the plan’s and the movie’s relevant past sites in time and secondly, the notion of the (gay) performer in Visconti’s movie. How does the thought of the homosexual performer associate to both the fictional Aschenbach and to Visconti him self (Santas 156). Lastly, the examination of the association that the homosexual performer in the past, by Death in Venice, had to ability and living will has review. What importance does aschenbach’s lure to Tadzio have in view of his behavior like a (purposely) unsuccessful, dying performer and how does Visconti apply this to convey his communication. Initially, the past perspective of the manuscript’s plot including Visconti’s 1971 creation shall have consideration. Whereas Death in Venice can function precise like an eternal â€Å"tale concerning longing and fascination†, it is in addition extremely much a â€Å"mise-en-scene of the homosexual state in a particular past epoch†. This past era, if people are to agree Mann’s wife’s accounts concerning their real festival in Venice, which motivated the manuscript, could have been 1911, a decade prior to the manuscript had publication and yet extremely applicable when the manuscript c ould have remained initially read. Not so was the matter with Visconti’s job, which in the era of 1970’s would previously have classification like an era section (Santas 158). By then, Mann’s manuscript and as effect Visconti’s movie could have remained just a â€Å"last holiday of a left†¦ sexual administration†, â€Å"longing and obsolete inside the quickly reforming gay traditional perspective†. In quintessence, Mann’s manuscript’s significance at the start of the 20th century was of a rather varying state than Visconti’s movie was in the back 1970’s. Whereas Mann’s manuscript’s regarded gay matters as they had occurrence, Visconti’s movie reminded people of the manner they used to be and as a result illustrated to the people the way they have reformed. The existence of youthful Tadzio’s behavior, whereas not so jolting in the early 1900’s, created a specific problem in t he back 1970’s, mainly with â€Å"the stiffening bans on pedophilia inside socio-medical-juridical dialogue†¦.and reforming ideas of the economic task and sexual uniqueness of the teenager†. Moreover, Tadzio creates a challenge in Visconti’s movie because of the reality that he had to have visualization and therefore specialized instead of emerging more or less like a protrusion of Aschenbach’s brain (Santas 160). Because â€Å"Visconti lacks time to intimate Tadzio into Aschenbach’s awareness as cleverly and skillfully like the real

Anthropology of humor paper Research Example | Topics and Well Written Essays - 1750 words

Anthropology of humor - Research Paper Example The general mindset, though not in so many words, is â€Å"Hey, life is tough. I need a good laugh!† That’s because laughter has power. Humor is a force that can take life’s trials and cast them aside for a few moments. As such, when times are tough, people come to rely on humor more and more to add some color to their hum-drum world. The humor itself takes many different forms, and in that we can see its easy applicability. Between absurdity, hypothetical situations, religious humor, hate humor, and more, there is really no situation that cannot be touched by and enlivened with humor. True, there is some concern that perhaps humor can take Freedom of Speech to an inappropriate level, but the actual risk is minimal as we will see. Then, at the opposite end of the spectrum from Freedom of Speech is the refusal of some to indulge in humor. Unfortunately, there are those who feel that they must hold themselves back, or â€Å"self-censor,† in order to not dama ge their social standing with others. In such cases, it is debatable whether or not humor could improve the situation, but we will explore both sides of the argument. In essence, this paper will walk the gamut of humor, and will hopefully impart upon readers a more thorough understanding of humor and its uses. We begin with violence in humor. In American culture, violence permeates humor to an astounding extent. From one-liners to short-story-type jokes, many comedy bits have a violent tone to them. For example, there is the one-liner â€Å"The last thing I want to do is hurt you, but it’s still on the list.† Then there is the much longer CIA joke (â€Å"Angel Fire†): A few months ago, there was an opening with the CIA for an assassin. These highly classified positions are hard to fill, and there's a lot of testing and background checks involved before you can even be considered for the position. After sending some applicants through the background checks, train ing and testing, they narrowed the possible choices down to 2 men and a woman, but only one position was available. The day came for the final test to see which person would get the extremely secretive job. The CIA men administering the test took one of the men to a large metal door and handed him a gun. â€Å"We must know that you will follow your instructions no matter what the circumstances" they explained. "Inside this room, you will find your wife sitting in a chair. Take this gun and kill her." The man got a shocked look on his face and said, "You can't be serious! I could never shoot my own wife!" "Well", says the CIA man, "You're definitely not the right man for this job then." So they bring the second man to the same door and hand him a gun. "We must know that you will follow instructions no matter what the circumstances", they explained to the second man. "Inside you will find your wife sitting in a chair. Take this gun and kill her." The second man looked a bit shocked, but nevertheless took the gun and went in the room. All was quiet for about 5 minutes, then the door opened. The man came out of the room with tears in his eyes. "I tried to shoot her, but I just couldn't pull the trigger and shoot my wife. I guess I'm not the right man for the job." "No" the CIA man replied, "You don't have what it takes. Take your wife and go home." Now they're down to the woman left to test. Again they lead her to the same door to the same room and handed her the same gun. "We must be sure that you will fol

Economic--Government Regulation Research Paper Example | Topics and Well Written Essays - 1500 words

Economic--Government Regulation - Research Paper Example Regulation of a country’s affairs by the government is not a contemporary issue as it is considered an event that began several decades ago as most governments engaged in attempts to advance their interest. In other words, regulations have been used to protect key interests of the civilians and those of the government of the day. Government regulations touch on a number of issues key among them being political, economic and social. As time passes by regulations, tend to develop at numerous government levels as commissions gain greater powers with respect to operation of regulations. In other words, the government departments and agencies are becoming heavily involved in design and final implementation of the regulations. It is noteworthy that government agencies constituted by either the executive or the legislative branches are highly responsible for actual implementation of various regulations issued by the government department in charge. For instance, in the United States, the Food and Drug Association (FDA) and Environment Protection Agency (EPA) are responsible promoting laws that ensure safe food and drug products are in the market while as well as laws that cut down on pollution effect in the country respectively. Government agencies have become powerful institutions over the recent past owing to the delegate roles they have been extended to by the government. For instance, the legislative arm of the government may formulate or enact laws and establish guiding principles and the agencies are left to make follow-ups and final implementation. The operations of these agencies are highly influenced by their independence and as such, there are certain agencies that free from the control of the executive and other department of the government. The government departments as well as agencies do not often work in isolation considering the fact that members from the private sector are normally included in the board. The private sector

Consideration in Law of Contract Essay Example | Topics and Well Written Essays - 1250 words

Consideration in Law of Contract - Essay Example 6. Promise to perform an existing contractual obligations is a valid consideration. Definition of Consideration: Sir Frederick Pollock, defined consideration as "An act or forbearance of one party, or the promise thereof, is the price for which the promise of the other is bought, and the promise thus given for value is enforceable." Lord Dunedin ratified this definition in Dunlop v Selfridge Ltd [1915] AC 847, Patteson J defines Consideration in Thomas v Thomas [(1842) P 118)] case as "Consideration means something which is of some value in the eye of the law, moving from the plaintiff; it may be some detriment to the plaintiff or some benefit to the defendant, but at all events it must be moving from the plaintiff. [Contract Cases and Materials by H.G.Beale, W.D.Bishop and M.P.Furmston. Chapter 6 p.93] Consideration is defined by Lush J. in the case of Currie v Misa [(1875) LR 10 Exch 153, 162.] as "A valuable consideration, in the sense of the law, may consist either in some right, interest, profit or benefit accruing to one party or some forbearance, detriment, loss or responsibility, given, suffered or undertaken by the other". [Contract Cases and Materials by H.G.Beale, W.D.Bishop and M.P.Furmston. Chapter 6 p.93] Evaluation of this definition with reference to the Court of Appeal's understanding of consideration in Williams v Roffey Bros &Nicholls (Contractors) Ltd (1990) 1All ER 512, Court of appeal. [Contract Cases and Materials by H.G.Beale, W.D.Bishop and M.P.Furmston. Chapter 6 p.107] Before we attempt this it is necessary to know brief facts of the case. In this case Roffey Bros. are the Principal contractors undertaken the carpentry work in an apartment. In the principal... Consideration in Law of Contract The Dictionary meaning of Consideration is "Consideration means something which is of value in the eyes of the law, moving from the plaintiff, either a benefit to the plainiff or detriment to the defendant. Consideration is not to be confounded with motive." (Black's Dictionary) Consideration means "Something that is legally regarded as the equivalent or return given or suffered by one for the act or promise of another". Adequate consideration means, "Legally sufficient, lawfully and reasonably sufficient". (Webster's third new International dictionary) The word "Adequate" means fully equal requirements or occasions, commensurate, but in its primary and not more popular significance, nothing can be said to be 'adequate' which is not equal to what is required, suitable to the case or occasion, fully sufficient, proportionate, and satisfactory". Therefore the definition of consideration as defined by Lush J. in Currie v Misa case is perfectly fulfilled in this case. Hence the courts have rightly adjudicated the case in favour of the plaintiff. Another point to discuss in this case is whether there is a promissory estoppel. Before we discuss this it is better to under stand the promissory estoppel. Estoppel is an equitable doctrine: Courts apply this doctrine as discretion. It is not a remedy at law. When one party did said something to induce the other party to make a promise. At later stage if he differs as unlawful and not enforceable. The court can apply its discretion of Estoppel on sufficient proof.

Strategic Planning for Digital Marketing CommunicationsSummative Essay

Strategic Planning for Digital Marketing CommunicationsSummative Assessment - Essay Example The global recession has heavily impacted the economy of the United Kingdom which led to the proportionate increase in the prices of the goods and commodities. Less availability of cash to the public had extremely slowed down its business flow resulting in stagnancy. Though the food and drinks industry did not come to a static point but it received a massive blow as the food and drinking habits found cheaper avenues and the major food joints were largely affected (Pesto,2013). 1a (ii) Business Challenges – Savy Consumers With the United Kingdom (UK) grappling under recession, unemployment and other related difficulties the consumers become excessively choosy in matters of expenses. United Kingdom (UK) has been languishing under unemployment for a very long time, and as a result there has been huge amount of change in their expense habits. They have been reduced to the basic requirement items, which saw a large drop of sale in the luxury items and other high value good and serv ices. The non-promising state of the recovery of the economy, poor economic policies of the government has also failed to assure the citizens of economic security and sustainability. As a result, the consumers concentrated more on saving than on spending. The minimal expenses made by the consumers were on the essential commodities and cheaper versions of luxury items that made them satisfied of using luxury items in exchange of lesser money. In such a situation it became significantly difficult for a business house to sell their items and make a considerable profit for sustaining themselves (Pesto,2013). Industry Challenges 1a (iii) Industry Challenges – Market Competition Zouk being one of the differentiated restaurants located in a popular hub is a symbol of class and luxury. Such a differentiated brand is an added advantage for the kind of life style led by the citizens of the United Kingdom until affected by the economic downturn. Since the world recession and unemploymen t for a longer time has affected the normal functioning of the United Kingdom, the food and beverages industry has also been noticeable affected. The consumer preference has shifted from high end luxury wining and dining experiences to the less costly food stalls. The cheaper food items pose great competition and a threat to the profit margin of the Zouk’s which is specializes in quality food and food experiences. 1a (iv) Industry Challenges – Consumer Perception Zouk has been established as a high ended, luxury restaurant that offers great cuisine experiences. In the face of long term unemployment and great economic recession has left people with low disposable incomes and great uncertainty that looms over their future. In such a scenario, such branded and luxury avenues remain a distant object that hardly anyone would like to visit. The consumer preference shifts to cheaper food and food joints. The same perception that earned Zouk the present status has adversely af fected its business in the time of this economic recession and a prolonged tenure of unemployment that has engulfed entire United Kingdom. In order to attract the consumers it has to offer the less costly products but it will give rise to different speculations regarding the quality of the offered menu. The customers would doubt the quality of the food in the menu because of its availability in lower prices. It has the possibility of adversely affecting the image of the restaurant and its brand

Economic--Government Regulation Research Paper Example | Topics and Well Written Essays - 1500 words

Economic--Government Regulation - Research Paper Example Regulation of a country’s affairs by the government is not a contemporary issue as it is considered an event that began several decades ago as most governments engaged in attempts to advance their interest. In other words, regulations have been used to protect key interests of the civilians and those of the government of the day. Government regulations touch on a number of issues key among them being political, economic and social. As time passes by regulations, tend to develop at numerous government levels as commissions gain greater powers with respect to operation of regulations. In other words, the government departments and agencies are becoming heavily involved in design and final implementation of the regulations. It is noteworthy that government agencies constituted by either the executive or the legislative branches are highly responsible for actual implementation of various regulations issued by the government department in charge. For instance, in the United States, the Food and Drug Association (FDA) and Environment Protection Agency (EPA) are responsible promoting laws that ensure safe food and drug products are in the market while as well as laws that cut down on pollution effect in the country respectively. Government agencies have become powerful institutions over the recent past owing to the delegate roles they have been extended to by the government. For instance, the legislative arm of the government may formulate or enact laws and establish guiding principles and the agencies are left to make follow-ups and final implementation. The operations of these agencies are highly influenced by their independence and as such, there are certain agencies that free from the control of the executive and other department of the government. The government departments as well as agencies do not often work in isolation considering the fact that members from the private sector are normally included in the board. The private sector

Strategic Planning for Digital Marketing CommunicationsSummative Essay

Strategic Planning for Digital Marketing CommunicationsSummative Assessment - Essay Example The global recession has heavily impacted the economy of the United Kingdom which led to the proportionate increase in the prices of the goods and commodities. Less availability of cash to the public had extremely slowed down its business flow resulting in stagnancy. Though the food and drinks industry did not come to a static point but it received a massive blow as the food and drinking habits found cheaper avenues and the major food joints were largely affected (Pesto,2013). 1a (ii) Business Challenges – Savy Consumers With the United Kingdom (UK) grappling under recession, unemployment and other related difficulties the consumers become excessively choosy in matters of expenses. United Kingdom (UK) has been languishing under unemployment for a very long time, and as a result there has been huge amount of change in their expense habits. They have been reduced to the basic requirement items, which saw a large drop of sale in the luxury items and other high value good and serv ices. The non-promising state of the recovery of the economy, poor economic policies of the government has also failed to assure the citizens of economic security and sustainability. As a result, the consumers concentrated more on saving than on spending. The minimal expenses made by the consumers were on the essential commodities and cheaper versions of luxury items that made them satisfied of using luxury items in exchange of lesser money. In such a situation it became significantly difficult for a business house to sell their items and make a considerable profit for sustaining themselves (Pesto,2013). Industry Challenges 1a (iii) Industry Challenges – Market Competition Zouk being one of the differentiated restaurants located in a popular hub is a symbol of class and luxury. Such a differentiated brand is an added advantage for the kind of life style led by the citizens of the United Kingdom until affected by the economic downturn. Since the world recession and unemploymen t for a longer time has affected the normal functioning of the United Kingdom, the food and beverages industry has also been noticeable affected. The consumer preference has shifted from high end luxury wining and dining experiences to the less costly food stalls. The cheaper food items pose great competition and a threat to the profit margin of the Zouk’s which is specializes in quality food and food experiences. 1a (iv) Industry Challenges – Consumer Perception Zouk has been established as a high ended, luxury restaurant that offers great cuisine experiences. In the face of long term unemployment and great economic recession has left people with low disposable incomes and great uncertainty that looms over their future. In such a scenario, such branded and luxury avenues remain a distant object that hardly anyone would like to visit. The consumer preference shifts to cheaper food and food joints. The same perception that earned Zouk the present status has adversely af fected its business in the time of this economic recession and a prolonged tenure of unemployment that has engulfed entire United Kingdom. In order to attract the consumers it has to offer the less costly products but it will give rise to different speculations regarding the quality of the offered menu. The customers would doubt the quality of the food in the menu because of its availability in lower prices. It has the possibility of adversely affecting the image of the restaurant and its brand

An analysis on the sudden decline of Enron in 2001 Essay Example for Free

An analysis on the sudden decline of Enron in 2001 Essay Enron was company that was formed to the Northern Natural Gas Company which traces its existence to the early 1932 in Nebraska. The company was reorganized back in 1979 and formed as the leading subsidiary company of Internorth. In 1985 the company acquired the smaller Houston Natural Gas and in the process it formed its name to Enron. (Haney 2001, p. 28) Originally the company was involved in the transmitting and distributing electricity and gas in the United States. It was also involved in the development and building of power plants and pipelines. The company extended its services to the rule of law and in other infrastructures in the world. The company owned large had a large network of natural gas pipelines stretching from ocean to ocean and from border to border.   Its holding included Northern Natural Gas, Florida Gas Transition, Trans-western Pipeline Company and a strategic alliance with Northern Border Pipeline from Canada. These holding were real cash woes the kept investors coming to the company. It expanded its ventures and investment in every corner of the country.  Ã‚   These investments helped the company to make huge profits. By 1998 the company had entered the water sector and created the Azurix Corporation. The company floated its shares in the New York Stock Exchange but it failed to make a mark in the market.   It did not break in the water utility market  Ã‚   and ended up as a major money-loser. (Andrew 2001, p. 9) In 2001, Enron announced that it continued to grow wealthier. Due to its pioneering spirit in marketing and promotion of power and communication bandwidth commodities and other related derivatives including exotic items like weather derivatives. The company was named as the most innovative company by the Fortune magazine for 6 consecutive years spinning form 1996-2001. In 2000 it was listed among the Fortunes 100 best companies to work for in America.   It was hailed for its labour and  Ã‚   workforce policies including the long-term pensions and other benefits.   It was one of the well managed companies in America. (Krugman 2001, p. 8) But this fame was not to live long.  Ã‚   The effective management policies that had been associated with the company were at the end exposed to be fraud. It turned out to be the worst corporate fraud ever experienced on American soil. This research will look the rise and the sudden fall of Enron which was famed as one of the greatest companies in American history. Aims and objectives   The main aim for carrying out the study was to have a full understanding of the sudden fall of the great company and the factors that contributed to the fall. This is important as it can provide future guideline in management  Ã‚   as it gives an insight on how effective management can turn and destroy all the good work that it has achieved. The following were the objectives for carrying out the study; †¢ To asses the operation climate of Enron and how the company was able to prosper in the market †¢ To assess the management of the company and how it contributed to the sudden fall of the company. †¢ To asses the corporate fraud that led to the fall of the company Literature review Cases of business scandals are not new in the business world.   It has become the same as being told the that two great companies are merging in a deal worth billions of   dollars and the same story surfaces tomorrow informing you of how the same company have been implicated in a major scandal and financial rip-off.   The business press these days has more stories on business scandals than it has on prosperity of mergers.   It has been shown that although the stock market boom is over, the boom of business scandals is still on. According to Ledbetter (2002)  Ã‚   it has not been a wonder at any moment in life to hear of companies coming together to expand their operations, but it has become more  Ã‚   stunning to hear of prosperous companies involved in all manners of scandals.  Ã‚   It is like the business scandals have become the order of the day. Jayne and Greg (2004) concur that there are many factor that have been contributing to the increased business scandals in the world but some of the factors that have really contributed to the increase is  Ã‚   the effect that they have on the personal lives.   Most of those who have been implicated in business scandal have not been punished in a way that other are likely to learn from them.   For example when Nathan   Chapman   was sent to   jail for 7 ½Ã‚   years   for defrauding the   Maryland state pension fund   system   and for looting  Ã‚   three public trade companies which he owned,   he only thanked  Ã‚   the testimony that was given by   three of   her former mistresses   as they helped to put him behind bars. This shows the many of those who have been implicated in these scandals do not only defraud their trusted shareholders but they also  Ã‚   betray themselves and their families.   Greg shows that these individuals may be suffering from some kind of social or mental deficiencies and they are led by greed, ego, and corrupt ideals. Most of the business scandals do not arise because there are no strong institutions to deter their occurrence but they are caused by individual who are more interested in serving their own interest rather than the interest of their own shareholders.   In this case it has been shown that it is a faulty management that can be  Ã‚   attributed to the rise of business scandals.  Ã‚   It is due to lack of ethics in business scandals continued to hamper the trust of shareholders on corporate leaders. For   example while   Enron   was shown to have strong institution that   were even praised and helped it to  Ã‚   be classified as one of the Fortune 100 companies,   there was not   practice of business ethics   in the company which eventually led to the scandal. (Brewer 2002, p.7) Business ethics are important practices that have been recognised in the business world as them most acceptable ways that helps to have fairness in the practices. Business ethics is a form of applied ethics in business operation which inculcate the ethical principles and the moral and ethical issues and the way they are to be addressed as they arise in the course of operation of the business.   Business ethics is an important cooperate practice that ensure that the business keep to the normative and descriptive factors in the course of its operation. Business ethics  Ã‚   requires a company to do what it is supposed to do and in the right way. Business ethics are the same the social and moral ethics but  Ã‚   as applied in business.  Ã‚   There are ethics that are applicable to all the sectors of business operation.  Ã‚   There are ethics in accounting information, human resource management, sales and marketing production, intellectual property, and in other business areas. Most of the business scandal usually occurs due to lack of practice of business ethics in one of those areas.   In some companies there may be scandals that many occur due to breach of more than one area as listed above. For example in case of Enron in America it had breached ethic in production and distribution of power, human resource, accounting practices, and in other areas. Methodology The study mainly collected data from the secondary sources.   The study used qualitative research using a case study. In this case Enron Company was used as the main sample. The study decided to use qualitative research in order to collect detailed data about enron. By concentrating on Enron, the study was able to gather as much data as possible that was used for the study. The study chose to use qualitative research instead of quantitative research since it wanted to collected detailed data about the operation of the company that would give an insight on what happened and the overall fall of the company. The study was not interested in the quantitative data but it was interested on whom, when and how things happened.   Most the data was collected from secondary source. The study used various sources of data that gave any information regarding the operation of Enron Company. It also looked at various case studies that had been done before regarding Enron and the ethical issue r4egarign the operation of the economy.   The following were used as the main sources of information for the study; †¢ Websites †¢ Periodicals and journals †¢ Magazines †¢ Books †¢ Company reports The data collected was analysed in comparison with the studies that have been done before. The practice that led to the fall of the company was benchmarked on the required ethical practice in the corporate world in America. The research was conducted for one week through the analysis of the above mentioned sources. There were a number of ethical issues that were taken into consideration in the collection of the data. In the process of the correcting data the research visited several  Ã‚   libraries and other sources that could help to get information on the operation of the company.   The researcher ensured that the information that was requested was only the one that pertained to the operation of Enron and its eventual fall. The research also ensured that it reduced the amount of bias in the collection of data as much as possible.   Although it considered personal views that had been expressed by different writers about the operation of the company, it did not bank on their opinion which could have been biased.   Instead it  Ã‚   concentrated on collecting facts. Results   In the 1990s, Enron was   universally accepted as one of   the most innovative companies   that had   made crucial step to adopt to the new market that   and the new economy to record success in an old industry that had remained unattractive due to   the high risk that was involved.   The  Ã‚   company had growth to success very fast and in the same way it coma crumbling down. (Floyd 2001, p. 4) The eventual fall of the company has been attributed to the scandals that ware perpetrated by individual persons  Ã‚   and the whole organization in general.   From the 1990 to1998, Enron’s stock had recorded a rise of 311 percent  Ã‚   and which was considered to be one of the  Ã‚   highest growths in the country. The stock had just soared in a short period in the stock market.   In 1999 the stock further rose by 56% and 87% by 2000. It was rated the most innovative company at the same by the Fortune magazine owing to the success it had made. But his image was to change in a short period of less than one year.   In less than a year the company was in tatter and stock price fall nearly to zero.  Ã‚  Ã‚   The main question that was asked by many people not only the shareholders was what was the main reason behind the fall of Enron once a successful company in period of less than one year? (Bryce 2002, p. 4) Though there were a number of activities that led to the eventual fall of Enron, the unfolding events from 2001 have been earmarked as the final blow that drove the nail in.   The following events that happened in a period of one year were responsible for the fall of the company On August 14 2001 Skilling resigned from the company after heading it for just 6 mothers. He cited the need to  Ã‚   have more time with the family although there was a factor the sagging share price. He was succeeded by Lay as the CEO. On august 22 the vice president Sherron Watking met with Lay in order to discuss a memo she had written citing looming accounting problems. On 12th October, An Arthur Anderson lawyer contacted a senior partner in Houston to remind him that  Ã‚   the company did not uphold a polity of   retaining documents that  Ã‚   were no longer   needed   which prompted the shredding of the   documents., On 16th October the same year Enron which had been posting huge profits before  Ã‚   reported a quarter loss of $638 milling loss and it also disclosed a $1.2 billion reduction in the shareholders equity. This was actually attributed to the  Ã‚   partnership that was run the chief financial office Andrew Fastow. (Gilpin 2001, p. 8) On 22nd October Enron acknowledged Securities and Exchange Commission inquire in the probability of the a conflict of interest which was related to the dealings and partnerships at the company On 23rd October Lay who had assumed the CEO passion expressed his support for Fastow. Fastow was eventually ousted in Oct. 24   On October 31st Enron accused the SEC inquires that had been upgraded into a forma investigation On November 8th Enron restated plans to consolidate partnerships arrangement retroactively.  Ã‚   The profit from 1997 to 2000 had declined by more that $591 million and the debt had increased by more $658 million. (Swartz 2003, p. 3) In November 9th it entered tin a merger with Dynergy In November 28 major credit rating  Ã‚   agencies now downgraded Enron’s debt to junk bond status which made the liability to retire its $4biono f its $13 billion debt. At the same time Dynergy pulled out of the proposed merge. (Berenson 2001, p, 23) On December 2 the company led for bankruptcy in New York and at the same time it sued Dynergy for breach of contract.