Market failure, information asymmetry, the case for regulation Essays

Market failure, information asymmetry, the case for regulation Essays Bus 102 Sec 022 Market failure, information asymmetry, the case for regulation The Sarbanes-Oxley Act of 2002 was approved by the Congress after some big events of corporate scandals. Many big name companies like Enron,WorldCom and Tyco were involved in unethical activities as a result of a market failure. SOX stands for Sarbanes-Oxley Action, is a United States federal law that set expanded requirements for all U.S. public company and public accounting firms. The idea of SOX are largely adopted by big companies. If fact, many large public companies were required to meet the standard conditions of the SOX or they will face severe penalties. Ethical corporate government plays an important role in the concept of market failure. The author uses the example from Aristotle and Adam Smith to address the historical and philosophical context of the market failure problem. He examine the issue and proves that the measures of SOX is largely attributed to corporate bad behavior. The article is intended to provide readers a better understanding of the connection between co rporation and our government. Sarbanes-Oxley proves to be an effective legislation that help to protect the investor from company fraud and help executives to improve ethical standards. Most importantly, it helps to reinforce the strength of the US market and make it a good place to work and invest. According to the author, people usually look for solutions from the market because market offers ownership of the factors of production. This ownership attracts capitalist to fulfill his independence and wealth maximization. Author uses an example of an life experience from Adam Smith to further support his idea that the institutions of commerce provides oversight on the stabilization for our modern market. In the section A framework for corporate bad behavior, many corporate executive let money and profitability obscure their ethical rules. In order to fully understand the nature of the problem of bad behavior and the idea of Sarbanes-Oxley, we have to examine the theoretical context of the problem. In economics, market failure is a situation where the allocation of goods and services in not efficient. There are many ways that can lead to market failure. One of the externalities is information deficits, it enable competitive failures and is categorized simply as lying,cheating and s tealing. Weimer and Vining thinks that information problem are the centerpiece for Sarbanes-Oxley. From the historical aspect of SOX, big companies usually have fraud cases where they have involved in biased media. SOX is a tax-like cost same as pollution control, serve to help the community by increasing investors confidence through transparency and also helps to discipline those executive from doing fraudulent behavior. SOX are compelled to innovate their systems and utilize their resources in order to cut costs. Some of the key component includes auditor independence, corporate responsibility, and enhance financial disclosures. In conclusion, the author uses methodological approaches to the question regarding how the concept of market failure is closely related to ethical corporate governance. The author also discuss the importance of information asymmetry by stating that sometimes in one transaction, one party has more or better information than the other party, this phenomenon creates an imbalance of power in transaction and lead to market failure. Based on authors finding and the examples he provides, we can conclude that SOX is a good legislation that helps to prevent bad corporate behavior. Moreover, SOX will most likely become part of the long term corporate culture and serve as the standard criteria for investors of American and global commerce.

Educational Assessment of a Public School in U.S Essay

Educational Assessment of a Public School in U.S - Essay Example Jeffco Public School, situated in Colorado, is one of the renowned public school in the United States. It consists of near about 85,000 pupils and is branching over 148 segments altogether. Among these branches, it comprises of 129 neighborhood schools, 9 option schools focusing on special education and 10 charter schools. According to school census (2005-2006), the population of students in school combines 1.1% American Indians, 3.6% Asians, 1.9% Blacks, 17.4% Hispanics and 76.1% Whites. Purpose of EducationA purpose can be defined as the ultimate goal of the process of education. In some instances, the transmission of knowledge has been considered as the primary purpose of education, while the application of knowledge acquired from school setup to the real world is occurred as a result of the processing of knowledge, a phenomenon identified as the function of the education (Oakes, 1986). According to the vision statement ascribed by Jefferson County, the system believes in equality of learning for all students. The ideology of the school is to focus on the areas where students become able to attain their highest potentialities, as reported by the community. Now, as it is quite evident that, the purpose itself is an articulated objective, thus effort needs to be put towards attainment. On the other hand, function is a subjective aspect and assumed to take place without direct intervention. Hence, the design of the purpose needs to facilitate few significant components. – Acquirement of knowledge in the frame of past of present context inclusive of mathematics, science, literature and history Enhancement of decision making policies by means of promoting capabilities for evaluation of information Development of behavioral education focusing on building both psychological and physical health and abilities Promotion of programming into cultural context Enhancement on knowledge of moral exercises and ethical standards pertinent to culture and society Development of self-esteem, self-efficacy, personal development, rational decision-making strategies The Jeffco Public School focuses on the essential ingredients of education and it focuses on the instructional services assuring the standardization of content and educational equity along with norms defining family literacy, corresponding with the body of research supporting the efficacy of family literacy initiatives (Lesar, et al., 1997) and multiracial education by enhancing equality, stability and autonomy with an understanding of cycle of education. Administrator

Social classes and education Essay Example | Topics and Well Written Essays - 500 words

Social classes and education - Essay Example Racial theorist Shelby Steele felt that racial discrimination determined their lack of effort to achieve what others do.(Ogbu) The other issue that needs attention in determining African-American children’s education is the methodology used for teaching. In a multicultural urban elementary school, black teachers in an attempt to explore the best instruction to serve the black students felt the necessity of the attitude of â€Å"I want the same thing for everyone else’s children as I want for mine,† in teachers.(Delpit, 1998) Rectifying the cultural hegemony in teaching and empowering children the freedom of expression and culture in learning and inculcating child-centered approaches were found to be some of the steps. One way of achieving this end is by reminding children about their power to shape meaning and rationale. J Anyon found out that pedagogical care and practice differed in schools of different social classes.(Anyon, 1980) He studied a total of five schools and found out that the first two which were working class’ schools emphasized on rote behavior, gave less explanation and used less textbooks. The third school which mostly belonged to middle class parents had the system of getting only the right answer and no serious attention was given. The fourth one, which he called as the affluent professional school encouraged in individual thought and expression. The fifth one called executive elite schools which comprised children of the capitalist class, was the only school that worked on the development of analytical and intellectual powers through logical reasoning. Jonathan Kozol, a teacher who was being fired by a school for having his students read a poem that wasn’t prescribed in the list, does not disagree with the trend of this segregated school system (Kozol, 1991). He cites an example of a public school in New York which conducted classes in abandoned

Business Messages Essay Example for Free

Business Messages Essay In a traditional workplace, memos are the usual form of business messages that are sent from officers to employees. With the advent of technology, the issuance of memorandums is often limited to topics of general interest, like organizational meetings or policy changes. If I were a lead engineer in Cards4U, Id maximize the use of faster and more efficient tools to aid me in communicating with other members of the team, as well as company executives and potential customers.    That means e-mails will be the primary source of communication among the team members, since sending and receiving messages take only a few seconds to a few minutes.   E-mail communications are convenient, does not need to be too formal, and can be accessed anytime, anywhere.   The memos will be utilized to inform the CEO or customers regarding product presentations and updates. Since Im a lead engineer in a creative design group, presentations using PowerPoint or Flash would be very useful in showcasing latest designs and innovations.   Reports are also necessary to document the progress, activities, and changes in the production department.   Face to face meetings with customers are important to establish rapport and get them to buy your designs, or get their feedback. If face-to-face meeting is not possible, conference calls can also be used.   Meeting the CEO for updates and developments would also require face-to-face encounters.   However, if the chief executive initiated conversation using e-mails, then, I should take his lead and reply using the same medium.   But if the message were sent through the more formal memorandum, then the reply would also be of that kind. More importantly, in any type of business communication that I would send, the messages should be concise, direct to the point, and professional. References Business/Professional Writing.(1995-2004). OWL at Purdue University.   Retrieved December 4, 2007, from:   http://owl.english.purdue.edu/workshops/pp/index.html#business Ramsey, L. (2005). Business E-mail Messages Professionalism.   Retrieved December 4, 2007, from, http://website101.com/email_e-mail/e-mail_business-etiquette.html Kotelnikov, V. Effective Business Communication. Retrieved December 4, 2007, from   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   http://www.1000ventures.com/business_guide/crosscuttings/biz_communication_main.html

My Life :: Essays Papers

My Life Some people may be writing this essay not so much about themselves, but about the things that they do or the activities they enjoy. Ex. I listen to this band The Obnoxious Yellers, they are so great they yell and scream and its great music, I went to their concert the other day too it was so fun we got cotton candy and crown surfed and everything. This is not an essay about the writer, it is about someone else, and somewhere else. I intend on informing whoever is going to read this piece of who I am, why I am, what I am, and what I intend to become. I was born in Brooklyn, NY. I lived there for 2 years before moving to Greenwich, CT. Until now I never really thought much of the town, for I never really had a glimpse of any other aspect of living. Then through my adolescence, which technically I am still in, I traveled, for vacation and just for plain curiosity. I took the train to Philadelphia when I was 13 just to see what it was like, and returned later that day with a more enlightened state of mind. I have done the same for many towns through the years, and come to appreciate the surrounding that I live in now. It came to me when reading TIME magazine, I came upon an article that in on sentence compared one of the poorest living areas in the U.S., to one of the wealthiest ones. Compton Vs. Greenwich. After just seeing those two words together like that meant something, the writer was viewing Greenwich as top living conditions, and I’m here. Weird. I like to go out at night, I like to go to parties, I like to have parties, I do not like a night without a party. This summer I worked on the weekends at 6:30 in the morning which meant that the normal person would have to wake up pretty darn early, not me I would just find the party that was going to go on the longest and stay there all night until work. Typical amount of sleep from Friday to Sunday was 4 hours. That’s what I like to do, well at least after I figured out the meaning of life and decided not to hold anything back. Life was meant to be lived, we were not put here to work, or do anything for that matter.

Social Changes Their Influences Over The Past Century Education Essay

Merely as manner alterations in a response to alterations in society and public position, so make the positions of kids change in response to the same issues. There are Four major factors that tend to hold the most profound impact on the positions and intervention of kids in society. 1. Historical Events – World War II – Progressive instruction motion – Educational plan practice/practice examination – Social attention V Developmental attention – Sociable force per unit areas to maintain female parents at place2. Changes in Family Life – Increased figure of adult females in the work force – Rise in the figure of individual parents – Increasing mobility3. Evidence of the Benefits of Early Childhood Education – Research indicates quality attention has positive effects on development – Child at Risk Benefit: greater schooling success, decreased demand for particular instruction, lowered delinquency and apprehension rates, decreased public assistance dependance.4. Recommending on Behalf of Children – Many households face utmost poorness – Scarcity of low-cost, high-quality of attention – Child ‘s rights advocators – Has become a political concern Educational Theories and Their Influence on Early Childhood Programs Questions to See What is developmentally appropriate pattern? Why is it an recognized pattern in learning immature kids? What is an educational doctrine? How does it associate to developmentally allow pattern? There has been a distinguishable tendency to force kids to accomplish academically. Our schools are under changeless unfavorable judgment sing hapless academic readying and literacy. Possibly this is a consequence of conflicting educational doctrines and patterns.Doctrines of Education When pedagogues express their strong feelings about how kids should be taught, there are showing their doctrines. Doctrines of instruction integrate our strong beliefs about how kids grow and learn ; in bend, they help us find the activities and stuffs we consider most good. Doctrines are based on theories. Two major theoretical accounts are: 1. Psychometric Model 2. Developmental ModelPsychometric Model Psychometric Model is composed by specific mensurable abilities. It states that kids learn best by being screened, evaluated and moved through a preset sequenced of teacher-directed acquisition experiences holding predictable results that can be measured and tested. Instructional schemes: – promote the acquisition of specific academic accomplishments – pedagogues carefully and intentionally lead kids ‘s acquisition episodes – accent is placed on subskills associated with reading, composing and math – acquisition is reinforced with workbooks, worksheets ; paper and pencil seatwork focuses on memorisation of letters, word, etc. – art undertakings imitate theoretical accounts – schoolrooms find small clip for drama, originative thought, group or single job resolution, hazard or geographic expeditionDevelopmental Model The Developmental Model seeks to offer a safe and nurturing environment that promotes the ‘Whole ‘ kid, or SPLICE. Quality is determined how developmentally appropriate it is, both in footings of age and individualism. – follows Interactionist/Constructivist theories of larning – Course of study planning emphasizes larning as an synergistic procedure. Teachers prepare the environment for kids to larn through active geographic expedition and interaction with grownups, other kids and stuffs. – Learning activities and stuffs should be concrete, existent and relevant to the lives of immature kids. – Teachers provide a assortment of activities and stuffs ; instructors increase the trouble, complexness, and challenge of any activity as kids are involved with it and as kids develop understanding and accomplishments.Plans From Educational Theories Behaviorist Programs Early Childhood Program Name callings: – Direct Direction – Bereiter-Engelmann Model – Engelmann-Becker Model – DISTAR ( Direct Instructional System for Teaching Math and Reading The Educator ‘s Role is really of import because it is a instructor directed plan. it requires theoretical account or model behaviour from instructor and pupils. It uses techniques such as Prompting ( manus signals ) to derive the coveted behaviour or action.Curriculum and Program Organization: – academic accent – acquisition is hierarchal – undertaking analysis interruptions down constructs into little stairss – stairss are sequenced – usage prompts and support of behaviour – uses-fast paced lessons and bore techniques – uses small-group direction – follows a set timetable each twenty-four hours Physical Environment: – little suites available for group work – minimal ocular distraction – item awards such as star charts encouraged Appraisal: – frequent criterion-referenced testing – command of constructs allows for motion to following degreeDevelopmental Programs Early on Childhood Plans: – traditional nursery school – Early Head Start – British Infant School The Educators Role is to steer and ease acquisition. There is besides a heavy publicity of all facets of SPLICE/Development.Curriculum and Program Organization: – sees kids as adventurers – course of study is child-centered and frequently child driven – two cardinal characteristics: Integrated Curriculum and Integrated Day – integrated topics throughout the twenty-four hours – encouraged creativeness and self-expression through a strong usage of the humanistic disciplines – agendas are flexible – encourages kids ‘s involvements – considers development as a natural flowering: force per unit area is non appropriate – utilizations common environmental stuffs – considers play indispensable – considers societal and affectional development of import Physical Environment: – integrates the indoor and out-of-door environments – child-centered and child-friendly ; tonss of grounds of kids ‘s work and kids ‘s involvements – schoolrooms organized around involvement or acquisition centres Appraisal: – observation and anecdotal notes – developmental samples of work provide developmental record – periodic formal parent conferencesCognitive Interactionist Programs Early Childhood Program Name callings: – Constructivist plans – Cognitively-Orientated Course of study – High/Scope Curriculum ( extensively used in preschool plans in Eastern Canada, originated in Ypsilanti, Michigan ) Educator ‘s Role is one of facilitator and open-ended inquirer to ease thought and problem-solving. They provide open-ended stuffs for the schoolroom environment which offer the kid appropriate support and challenges. Observation and interaction with kids occurs to detect how each kid thinks and grounds. As good, there are custodies on engagement activities, along with conversations with the kids.Curriculum Program and Organization: – based on Piagetian Theory ( Jean Piaget ) – organized around cardinal experiences in the three countries of cognitive development, socio-emotional development, and movement/physical development: originative representation linguistic communication and literature enterprise and societal dealingss motion music categorization figure infinite clip – requires big blocks of clip for problem-solving and communicating, so timetable of twenty-four hours is build around ‘Plan-Do-Review ‘ – intent of ‘Plan-Do-Review ‘ is to ease kids ‘s thought and planning every bit good as to promote their brooding thought Physical Environment: – organized into involvement centres – stuffs in involvement centres are organized in logical mode that enables kids to utilize and return stuffs independently – suggestions for suited stuffs: practical, mundane objects natural and found stuffs tools messy stuffs heavy big stuffs easy-to-handle stuffs Appraisal: – High/Scope Child Observation-Record for Ages 2-6 – organized around cardinal experiences and buttockss initiative, originative representation, linguistic communication and literacy, societal dealingss, logic and math, and music and motion. – High/Scope Program Quality Assessment used for evaluation plans on larning environment, day-to-day modus operandi, adult-child interaction, course of study planning and appraisal, parent engagement and household services, and staff making s and developmentPoliticss and Early Childhood Education Canadian Governement Regulations hypertext transfer protocol: //www2.parl.gc.ca/content/lop/researchpublications/prb0420-e.htm Retrieved on 15-Nov-2010 Saskatchewan Child Care Regulations hypertext transfer protocol: //www.qp.gov.sk.ca/documents/English/Regulations/Regulations/C7-3R2.pdf Retrieved on 15-Nov-2010 First Nations Head Start -Standard Guide hypertext transfer protocol: //www.hc-sc.gc.ca/fniah-spnia/pubs/famil/_develop/2003_ahs-papa-ref-guide/index-eng.php Retrieved on 15-Nov-2010Public Education and Advocacy Some early childhood pedagogues are loath to take an active function in public instruction and protagonism, and others feel powerless to make anything. There are three types of advocacy-personal, professional, informational. Personal Advocacy – Help your neighbours understand what you do at your occupation. – Refer yourself as an early childhood pedagogue. – Encourage friends/family to believe about why attention costs every bit much as it does. – Identify how attention helps them in their ain occupation – Read and explicate early childhood research. – Join professional organisations. Professional Advocacy – Lobbying – groups that advocate for quality early childhood plans – Group work toward greater public apprehension and support for high quality kid attention, by broadening the base of support to include other groups such as baby doctors and concern community. Informational Advocacy – Attempts to raise public consciousness about the importance of early childhood, and the capacity of high quality plans to beef up households and proven chances for optimum growing and development. – An effectual advocator requires first-hand cognition for the issues confronting kids, households and staff.Engagement | Exploration | Application | Connection | Top created 12-Oct-2009 modified 17-Nov-2010 glossary right of first publication

Dennis Rader The Wish for Fame Free Essay Example, 2000 words

Short of what a year after he's come back to Wichita, on May 22, 1971, Dennis Rader and Paula Dietz were wedded. Paula was likewise from the same territory and had gone to the same secondary school. She was likewise an individual Lutheran. Dennis was 26; Paula was 23 when they got hitched. They settled in Park City, not a long way from the Rader home in north Wichita. Dennis was working in the meat branch of an IGA market, Paula was an accountant. In 1972 Rader went to work at the Coleman Co. , a producer of outdoors supplies and Wichita's biggest head honcho at the time. He worked 13 months there until July 1973. Rader then discovered a job with Cessna, the little airplane producer. He was likewise going to Butler County Community College in El Dorado and earned an Associate's (2 years) degree in Electronics in 1973 (Grice, 2010). In the fall of 1973, Rader started his studies at Wichita State University. It might take him six more years of night school to gain his degree (Porter Wenzi, 2008). We will write a custom essay sample on Dennis Rader: The Wish for Fame or any topic specifically for you Only $17.96 $11.86/page There may have been indications of inconvenience at an opportune time since he used to hang stray felines as a tyke. Rader served in the U. S. Flying corps from the mid to late 1960s. He wedded his wife Paula in 1971 and worked for an outdoors apparatus organization for a couple of years.