Athens: The Acropolis and the Agora Essay -- History Historical Papers

Athens: The Acropolis and the Ago Current Athens has figured out how to keep up an antiquated scene.? The Acropolis and the Agora are two significant highlights of old Greece that have a home in this metropolitan city.? Both of these old locales safeguard their capacity and secret in a cutting edge world. As per the Encyclopedia Britannica, a public square is an open space in old Greek urban areas that filled in as both a gathering place and as a territory for different city exercises (?Agora?).? The Agora of antiquated Athens was modified after the Persian Wars (490-449 BC) in light of a protracted time of riches and harmony in the city (on the same page).? The region exhibits an ancient sort of public square engineering (on the same page).? This implies the corridors and different structures don't seem to arrange, in this manner, making the general impression of turmoil (on the same page).? The Agora contains three primary structural zones:? the corridors, the administration structures, and the sacrosanct zone.? These three pieces of the Agora join to frame a space that capacities for open, private, and strict interests.? These capacities can best be portrayed by taking a gander at a guide of the old Agora of Athens (Quick Tour, Agora).? Freely, the Agora filled in as a gathering place, commercial center, and a middle for open action.? The Agora once contained rich trees and impressive wellsprings for open delight (?Agora?).? These tasteful components consolidated to make a zone that worked as an open park and meeting space (on the same page).? Athenians could take part in conversation, meet companions, or take their kids to play in this free open territory (?Athens?).? Simultaneously, the Agora made an open market for the offer of products (?Agora?).? Two long stoas, or corridor lobbies, when given a zone f... ...ns most noteworthy fortunes.? These building zones have given knowledge into the way of life, religion, and administration of old Athens.? The Agora has become an image of community space, and has affected how present day modelers plan open regions.? It has likewise furnished researchers with comprehension of strict and social parts of Greek life.? The Acropolis has filled in as image of the intensity of both Athens of religion in Greek life.? This structure has opened inquiries concerning workmanship and engineering, and it keeps on representing flawlessness.? Together, these old locales open the strange of antiquated Athens.? List of sources http://search.eb.com/ebi/article?eu=294421 http://search.eb.com/ebi/article?eu=4106. http://search.eb.com/ebi/article?eu=294750. http://www.lfc.edu/scholastics/greece/AcropTour.html. http://www.lfc.edu/scholastics/greece/AgoraTour.html.

Business Accounting Methods and Uses

Question: Talk about the Business Accounting Methods and Uses. Answer: Presentation The monetary examination gives an understanding into the qualities and shortcomings of the organization which is vital for financial specialists to settle on speculation choice. The vast majority of the essential data which is being utilized to settle on out a speculation choice is contained in the three essential segments of the fiscal reports. These three essential parts of the budget reports are pay proclamation, explanation of budgetary position, and income articulation (Stickney et al., 2009). Further, proportion examination strategy is utilized to settle on the data increasingly important for dynamic. The speculators search for the proportions, for example, winning per share, cost to profit proportion, return on value, profit yield, and net resources esteem per share. These proportions give significant data to the speculators to settle on a venture choice (Tracy, 2012). In this specific circumstance, a report has been introduced here which manages the money related investigatio n and stock value examination of Boardroom Limited. This report targets discovering significant qualities and shortcomings and gives a suggestion as to interest in the companys stock. Monetary Analysis of Boardroom Limited The Boardroom Limited, recorded on Singapore stock trade, is an organization occupied with giving business administrations. The administration arrangement of the organization incorporates secretarial administrations, consultancy, warning, and bolster administrations. The organization was fused in the year 1968 and has developed essentially from that point forward (Yahoo Finance, 2017). At Present, the organization is headquartered in Singapore with tasks spread out in numerous nations abroad. In this report, monetary examination of the organization for the most recent money related years, for example, 2015 and 2014 has been directed with the assistance of proportions. The proportions decided on monetary examination of the organization have been talked about and deciphered as underneath: Profit per Share Ratio The gaining per share connotes the total compensation accessible to the value investors of the organization on per share premise. This implies the measure of salary inferable from the value proprietors for one offer they hold. It is registered by isolating the net gain accessible to the value investors with the quantity of offer stayed extraordinary during the year. The examination of acquiring per share is critical in light of the fact that it uncovers the companys ability to create salary for the financial specialists (Tracy, 2012). With respect to Boardroom Limited, the examination of EPS for the two most recent budgetary years for example 2014 and 2015 has been introduced underneath: Figure 1: Analysis of EPS of Boardroom From the graph introduced above, it could be seen that the EPS is indicating declining pattern. The income per portion of the organization were $0.07 in the budgetary year 2014 which decreased to $0.03 in the year 2015. The purpose behind this substantial ruin in the EPS is the consolidated impact of decrease in the profit and increment in the quantity of offers exceptional. The net benefit of the organization tumbled down from $10,205,345 in 2014 to $6,722,000 in the year 2015 (Appendix-3). Further, the quantity of offers exceptional expanded from 145,582,668 of every 2014 to 205,565,749 out of 2015. Value Earnings Ratio The value income (PE) proportion is processed by partitioning the present market cost with the profit per portion of the organization. The PE proportion is viewed as the most significant in directing valuation of the companys stock and discovering that whether the stock is underestimated or exaggerated. The financial specialists can work out the reasonable estimation of the stock by increasing the business normal PE proportion with the present profit per portion of the organization (Tracy, 2012). In regard of Boardroom Limited, the examination of PE proportion is led as under: Figure 2: Analysis of PE Ratio From the information introduced in the outline appeared above, it could be seen that the cost to profit proportion of the organization is upgrading in the year 2015. In the earlier year for example 2014, the organization had a PE proportion of 8.13 occasions which expanded to 18.35 occasions in the present year. It could be seen that the stocks cost didn't change by a major edge as it was $0.57 in 2014 and stayed at $0.60 in 2015 (Appendix-3). Nonetheless, in spite of this reality, the PE proportion expanded generously. This was basically because of abatement in the EPS of the organization. The EPS went down from $0.07 in 2014 to $0.03 in the year 2015. Profit Yield Ratio The profit yield is processed by separating the profit paid out to the financial specialists (per share premise) with the market cost of the stock. This infers the profit got as a level of market costs of the stock. The profit yield is likewise one of the most significant contemplations for the financial specialists with respect to speculation choice. The profit yield speaks to a piece of the arrival on ventures made by the speculators (Tracy, 2012). In regard of Boardroom Limited, the profit yield has been introduced in the diagram given beneath: Figure 3: Analysis of Dividend Yield The graph introduced above shows that the profit yield of the organization has gone down in the present year when contrasted with the earlier year. In the year 2014, the organization gave a profit yield of 8.77%, nonetheless, it diminished altogether to 3.33% in the year 2015 (Appendix-3). The explanation behind ruin in profit yield has been distinguished as the joined effect of decrease in profit per offer and increment in the market cost of the stock. Net Asset Value Net resources esteem is processed by deducting the all out resources from the all out liabilities controlled by the business. Further, to get net resources esteem per share the distinction of absolute resources and liabilities is partitioned by the quantity of offers. The net resources esteem speaks to genuine worth of the business. Further, another way it likewise shows the value of the companys stock. In any case, it is processed dependent on the chronicled estimations of the benefits ignoring the market worth and future desires, in this way, the speculation choices can not be exclusively founded on the net resources esteem (Tracy, 2012). In regard of Boardroom Limited, the investigation of net resources esteem per shares is introduced in the diagram given underneath: Figure 4: Analysis of Net Assets Value per Share It could be seen that the total assets of the organization has diminished in the year 2015 when contrasted with the year 2014. It diminished from $0.48 per share in 2014 to $0.35 per share in the year 2015. The reduction in the net resources estimation of the organization is a negative sign. The essential explanation behind diminishing in the net resource esteem per share has been distinguished as increment in the quantity of offers. In the year 2014, the quantity of offers was 145.58 million which expanded forcefully to 205.57 million in the year 2015 (Appendix-3). Offer Price Performance vis- - vis Stock Market Aside from investigating the major viewpoints, it is likewise vital to do a specialized examination of the stock. The specialized investigation helps with recognizing the pattern in the stocks cost and contrasting it and the general securities exchange (Edwards, Magee, and Bassetti, 2012). The financial specialists can be made mindful of the interest of the stock in the market by directing specialized investigation. The specialized examination additionally delineates the speculators trust as to interest in a specific stock (Edwards, Magee, and Bassetti, 2012). Thinking about these fundamental viewpoints, the specialized accept an extraordinary significance in the speculation examination. In regard of Boardroom Limited, the specialized examination of its stocks cost has been directed as portrayed in the outline demonstrated as follows: Figure 5: Stock Price Analysis of Boardroom and SES The outline introduced above shows pattern in the profits earned on the Boardrooms stock and the general market (spoke to by Singapore Stock Exchange). It could be seen that Boardroom has been more steady than the general market. With respect to meeting room, the pattern line shows that the developments in the stocks cost are progressive. Be that as it may, the pattern of market shows development at a major scale. This demonstrates Boardroom is less hazardous than the general market which is likewise affirmed from the investigation of standard deviations of the two. The standard deviation of Boardroom has been seen as 2.38% while that of by and large market is 3.65%. Further, since the stock is less dangerous its arrival is likewise lower than the general market. The normal yearly return for 2015 has been seen as 7.15% on the load of Boardroom which is lower than 14.57% of the general market (Appendix-4). Be that as it may, the profits are lower on the load of Boardroom, however the positive sign is that these are steady. The security consequently is the most pivotal factor which the financial specialists look for while investigating a stock for venture. In this way, from that view point, it could be induced that the supply of Boardroom could be a decent decision for the financial specialists and specifically for the hazard loath speculators. Qualities and Weaknesses of the Company The organization is working with $107.76 million resources which delineates that it has a solid asset base (Appendix-3). Further, the organization is looking tried to lessen the liabilities so obligation weight could be brought down. This gives a decent indication that the organization is endeavoring to be free. Further, the stock value investigation shows solidness in the developments which shows certainty of the financial specialists in the organization. The certainty of the financial specialists is one of the most urgent qualities that the organization has right now. Be that as it may, there certain shortcomings likewise saw from the investigation. The most concerning thing in this respects is the tumble down in gainfulness. In the present year, the organization lost benefits by a major edge. End and Recommendations An investigation into the money related execution and stocks cost has been led in this report. The realities and discoveries of the examination portrays that the money related execution of the organization has not been so acceptable in the present year. The benefits of the organization slopped descending from $10.21 million to $6.72 million

Consensual Relationship Agreements Research Paper - 2

Consensual Relationship Agreements - Research Paper Example As per proof, about 75% of the organizations do have the CRA strategy about workstation sentiment. Specialists concur that the arrangement is outstandingly critical on the grounds that work environment issues are inescapable. Conversation This conversation adds to the contention on the issue of CRA strategy inside the workplace. It expects to characterize CRA and contend for its advantages in the work environment. Furthermore, it will give counter contention against CRA use and moral issues associated with its utilization, just as different choices separated from CRA that will review workstation connections. Advantages of CRA in working environment Workstation undertakings are inescapable. Specialists concur that when bunches of people cooperate for seven days, month or quite a while, there will undoubtedly build up some type of fascination. Correspondingly, concerning fascination, it's anything but a person’s position that set up them, however physical fascination and common interests. Representatives can't help who they get pulled in to and why. Much of the time, it is moment, while, in different cases, it might take some time. The more directors dismiss office connections, the more it happens. Subsequently, workplaces and organizations ought to have CRA strategy to control and direct office connections at record-breaking, (Pierce, Karl and Brey, 2012). ... The CRA strategy keeps office sentiment under track, forestalls preference and guarantees that the conduct doesn't encroach or insult different laborers in the work environment. The agreement alleviates rough conduct and lewd behavior, rather; it licenses people who are pulled in to one another to build up an undertaking without blame, insider facts, stress and dread, (Tyler, 2008). The approach is a confirmation of their issue being intentional and consensual, justifying that the relationship resolutions don't impact the dynamic of workstation moral foundation. The gatherings in relationship consent to follow by the managers’ antidiscrimination, workstation direct arrangements and against provocation strategies. A few managers and laborers locate that consensual relationship understanding can be beneficial and negative in the workstation, impacting individual issues, workstation framework and gainfulness. Counter contention Some researchers contend against consensual relation ship understanding and express that workstation connections can make different issues that cause poor work execution. Some contend that laborers engaged with the undertakings can be accused for misguided decisions †the capacity to make reasonable, real, and the better choices focused on the current condition. Thus, braches of ethics allude to encroaching the moral principles or codes of conduct in an association, which includes yet not confined to, falsifying data, intrigue struggle, lewd behavior, and slowing down hierarchical implicit rules. Profitability parcels are an essential contention against workstation issues. At the point when laborers invest more energy focusing on their sentiment issues allowing for work environment exercises, and accordingly, limiting the efficiency of laborers, (Tyler,

Enterprise Development Essay Example | Topics and Well Written Essays - 750 words

Undertaking Development - Essay Example No it isn't! It is additionally impractical for a card shark to pick up reliably over a huge timeframe. Indeed, even the best of speculators lose cash reliably which demonstrates that the job of chance is very critical in betting. This isn't the situation in business enterprise in light of the fact that there are numerous models where business people have acquire huge returns over a significant stretch of time. Business people and speculators are diverse in the manner that players leave numerous things to risk while business people don't (Wee, Lim, and Lee, 1994).There is no uncertainty that the job of chance in the accomplishment of a business person is additionally not insignificant but rather this is no place like possibility taken by card sharks. Business visionaries like Bill Gates, Mark Zuckeberg and so on totally began their business as business visionaries however today they are known to the entire world. This can't be said for any known card shark of the world. Business isn't betting in light of the fact that there are numerous controllable factors in enterprise. Business people have a great deal of control by they way they deal with their business and hazard which is the reason enterprise isn't equivalent to betting. Business enterprise is considerably more than betting as it includes examining markets and facing determined challenges in anticipation of yielding significant yields. One can without much of a stretch measure client request and utilizing examining and different methodology to do a path run so as to test a specific item or administration. Measures like these can be brought to chop down the hazard and abatement vulnerability of any business. This is the reason betting can't be likened to business. There are numerous components that assume a job in the achievement of business visionaries like advancement, solid will, and farsightedness. Every one of these elements choose whether a business person will be fruitful in the more drawn out run or not. This shows the achievement and disappointment of enterprising endeavors isn't subject to risk yet on factors like advancement. Will development, solid will, and farsightedness makes a card shark

Professional Goals and Explaining Social Work Profession - 1650 Words

Professional Goals and Explaining Social Work Profession (Essay Sample) Content: Social Work ProfessionNameInstitutionAbstractSetting professional goals is the key to success in any social work. The work is always wanting, and one must be ready to give in all their best at any cost, but with well-set goals all can be achieved quickly. Education is the number one professional goal in social work without which one cannot get a promotion or even start a private practice. A social worker must embrace ever-lasting change as they work with different populations and ages. Having a doctor of social work is the key to attaining ones set professional goals as it leads to other avenues in social action. Work experience is vital in any social work as it shapes the ability for creativity and innovation. Collaborative practice is very essential in social work, and one must be in a position to interact freely with other professionals and the community for better results. Eradicate social isolation is the interest of the grand challenge of the American Academy of Social Work and social welfare, as it has become a potent killer.Social Work ProfessionIn life, academic or professional goals are paramount for anyone who wishes to accomplish a certain task in their lives. For one to become a social worker, first and foremost, they must be ready to meet the daily challenges that arise both in the society and place of work. They are the benchmark of duties one is expected to tackle during the entire employment period. Social work career entails offering a variety of services to the society regardless of age, gender, or even their social class. It can be gratifying and significant, but can also be challenging and trying at times. Well set professional goals can enable a social worker to face these obstacles should they appear without any difficulty.Professional goalsThe most important professional goal in social work is education. One must always have the right current information about research and also keep on overhauling knowledge on such matter s regarding their duties. Social work profession entails long-term devotion to current presuppositions and expansions in the domain. One has to be ready to upgrade their understanding of the expected duties so as to become an expert. Adverse knowledge in other disciplines like psychology can be helpful at times especially when dealing with a certain group of individuals such as those undergoing mental torture.Another important career goal in social work is developing time-honored social change. It is important because majority become social workers to dedicate their lives to bring a positive change to the lives of others in the society. A social worker must be a little bit flexible to the daily changes that arise in the field such as personal beliefs and taboos and can help one in dealing with different people. Social work can mean working for charity organizations and offering direct kindness at times like providing food and clothing to the needy community. It can also mean volunte ering to work for a social research institute to execute social plans in the area of interest.Promotion is another professional goal in the social work just like in any other job. When one begin a social work, it is usually at a lower level, but soon rises the ladder as they gain experience and relevant knowledge. There are always available opportunities in the managerial and executive positions for qualified personnel in the social work in different situations. For that case, one might decide to go for necessary education and experience to be able to advance to the next level in their job.Having gained enough experience as a social worker, one might decide to open a private practice. It is not always an easy task, but it opens avenues for evaluations and to offer direct services to the society without strict supervision from any direction. It is always a dream of many people while setting professional goals to set up their private practice, and it always achieved through further ed ucation by gaining at least a masters degree in social work. Going solo also enables one to offer services of the utmost value to the society without biases and prejudice.Having a DSW (Doctor of social worker) enables one to be in a better position to achieve the professional goals as a social worker. Having a social work doctorate can be advantageous to one as it gives room for promotion to the higher rank official status. They may carry out research in areas of interest freely and find explanations to problems facing individuals in the society. The doctorate in social work enables one to sit down with other policy makers to shape up the economy and tackle the real problems that hinder social work.The doctorate in social work can help people in achieving their professional goals in that it enables them in keeping their image professional. A well-groomed individual can fit in any workshop and even give their views without any fear of inferiority complex. Through that they can earn t he trust of the clients and the society as a whole (Jayne, 2013). A doctorate in social work can help one in achieving education as a professional goal in that they will have a diverse knowledge in their areas of study and can carry out thorough research.A doctorate in social work can also enable one to attain social change as a professional goal. A well informed social worker is in a better position to understand and embrace social change when it arises. It can enable one to achieve a professional goal in social work by becoming a private practitioner. Without a good resume, one is not in a position to go solo and can never be in a better position to prosper and do things their way and will always work under supervision. Promotions usually come to individuals with good academic records. So having a doctorate puts one in a better position for promotion thus fulfilling their ambitions.Professional experienceAcademic and professional experiences can help one shape the ability to demon strate innovation and creativity in social work in some ways. Social workers at times are forced to make difficult decisions that can improve other peoples lives. They encounter a range of problems as they plan and carry out duties of care and support. They always assist people in dealing with poverty, isolation, ill health, poverty among other forms of discrimination. For that case, the career demands a high level of fidelity, open-mindedness and even flexible attitudes in social work.Innovation and creativitySocial work creativity is directed to uplift the lives and conditions of individuals who are unfortunate in the society. People and their conditions are limitlessly unpredictable, so cannot be represented by a smooth technique. The creativity of any social work is always meant to understand and resolve the convoluted social problems that occur in severe and shocking circumstances. So having a professional knowledge in social work enables one to be a source of new ideas through imagination and formulation.Social workers must always be creative thinkers as they often interact with people who have different problems and therefore need special attention. So creative thinking as fast as possible is vital for one to come up with relevant ideas and views. It is only possible to attain that through having an academic and professional experience. The workers always administer their duties on two levels, the first one being the efforts with persons and families and the other one is around solving and impacting social problems (Norman, 2005).CommunicationCommunicating with the principal stakeholders must be carried out in a professional way. That means one must have a rich work experience in social work to have an easier task in performing the duties. The approach matters a lot, and consistency of the message throughout all levels is essential through the right department of communication. There must be an intermediary from each directorate in the social work syste m so as to be the contact point with the communication unit. There must be developed templates in the design and production of materials centrally by the communications department for uniformity of materials produced so as to speak one language before stakeholders.When talking to the general public, various communication tools always come to play such as internet, radio, press releases, advertisements, and even press conferences. All these are possible with the right academic and professional experience. Communicating with the staff of the authority entails: carrying out regular staff meetings within and across the authority; regular weekly intra-departmental meeting with the executive team members. International organizations are engaged in media relations, joint participation groups, and newsletter. For that case, the communication department must be ready with information every time and has to be well presented in a professional way.Team managementLeading and managing teams in so cial work requires professional experience. A team manager is responsible for the delivery of quality work and is the mediator between other staff and the higher authority. A good team manager must ensure individual supervision so as to be able to get the best out of every team player. Must always focus on direct work and be of practical example to others. A team leader must pay attention to the needs and...

The Impact Of European Sovereign Debt Crises Finance Essay - Free Essay Example

The Greek government-debt crisis caused the European sovereign-debt crises. Because of the Greek Until the end of 2011, nearly three years after European sovereign debt crisis erupted. The speed of its contagion and promotion never stop. This crisis showed a dangerous signal contagion which is also a very important theme. From Italy to Spain, and even France to Germany, two largest economy of the euro-zone is also difficult to protect themselves. And the performance of the contagion effect the world economies include rating agencies downgrade the credit rating of euro-zone countries; reduced liquidity of the banking industry; loss of market confidence. Moreover, as the European sovereign-debt crisis have affected the global economy, leading the IMF Director, Christine Lagarde, to warn in January 2012 that the world could be headed to a 1930s moment II if the crisis cannot stop(Tim Christensen, 2012). The purpose of this essay is to discuss the impact of European sovereign debt crisis on the financial markets, especially in equity markets, bond markets and foreign exchange. Main body Investpedia indicates that Bond market is an environment in which the issuance and trading of debt securities occurs. The bond market including long term Treasuries, corporate bonds, municipal bond, mortgage debt and federal agency debt. It is an indispensable part in the financial system for one country. A unified, mature bond market can be used as a financing tool for investors and raisers to provide low risk investment. Therefore, the bond market is also an important carrier of the central bank monetary policy. National Bank of Greece is the largest Bank in Greece. Before Greek debt crisis erupts, this banks tier one capital adequacy can reach 11% (George Pagoulatos ¼Ãƒâ€¦Ã¢â‚¬â„¢Lucia Quaglia, 2010). Unfortunately, this Bank hold ÃÆ' ¢Ãƒ ¢Ã¢â€š ¬Ã… ¡Ãƒâ€šÃ‚ ¬18 billion Greek bonds. Once the Geek bonds restructuring, those bonds will be substantial depreciation and the Bank will suffer a great lost. Some large Greek abroad financial institutions also hold a large numb er of the Greek national bonds. For example, BNP Paribas Peregrine hold ÃÆ' ¢Ãƒ ¢Ã¢â€š ¬Ã… ¡Ãƒâ€šÃ‚ ¬5 billion and Commerzbank respectively hold ÃÆ' ¢Ãƒ ¢Ã¢â€š ¬Ã… ¡Ãƒâ€šÃ‚ ¬3 billion Greek bonds. Similarly, the situation of Royal bank of Scotland was worse than Greek in 2011. The bank hold ÃÆ' ¢Ãƒ ¢Ã¢â€š ¬Ã… ¡Ãƒâ€šÃ‚ ¬64 billions of Irish bonds, ÃÆ' ¢Ãƒ ¢Ã¢â€š ¬Ã… ¡Ãƒâ€šÃ‚ ¬12 billion bonds of them were already defaulted. This banks total assets at the end of 2010 were expected to reach ÃÆ' ¢Ãƒ ¢Ã¢â€š ¬Ã… ¡Ãƒâ€šÃ‚ ¬58 billion. Although this bank already got the British governments bailout, if the Irish bond problem get worse, then the bank will face bankruptcy. It can be suggested that the European sovereign debt crisis will be of incalculable influence on the bond market. Greek as one small economy of the euro-zone. If its bond write off, then the holders may have a great losses. On the other side, once the bond of some large economies (such as Italy, Spain) writ e-off, the global financial crisis would be caused again. Furthermore, the impact of European sovereign debt crisis on the bond market has been contagion to the peripheral euro-zone countries. For example, Austria and Hungary sovereign debt rose, central European countries exchange rate fell. It could be argued that contagion is an important factor for the European sovereign debt crisis. The European sovereign debt crisis would cause the whole euro-zone risk appetites fell, various funds will choose the low risk assets and steady income assets. As bonds invest have stable income, higher safety factor and also has strong liquidity. Bonds will certainly become an inevitable choice. Because the bank assets were less than the debt, it has no ability to pay off the debt. So the issue of bond interest rate will be higher. Just as the bank need money, so it willing to pay a high interest rates to borrow. In other words, according to demand exceeds supply theory, when the market is very short of money, then the interest rates become higher is inevitable. Don not think that high interest have to be good. When bank default, the investors cannot get back their money. This is also one cause of European sovereign debt crisis. Borrow too much, unable to pay. It can be suggested that the long-term bond market will be remain down if the European sovereign debt crisis still not solved. At the same time, investors confidence would be hit. Investpedia points out that Foreign exchange means the exchange of one currency for another, or the conversion of one currency into another currency. Increasing globalization has led to a massive increase in the number of foreign exchange transactions in recent decades. The global foreign exchange market is by far the largest financial market, with average daily volumes in the trillions of dollars(Yang Zheyu, 2012). Until the end of June 2011, Chinas national foreign exchange reserve was close to 3.2 trillion dollars, which were growth u p to 30.3%. According to the analysis, about 60-70 percent of China reserves were dollar assets, 10-20 percent of that were euro assets. If euro assets accounted to 15%, which means the scale of the euro assets would be roughly $480 billion. Chinas euros reserves would be substantial reduced, if the euro assets dropping sharply. It can be argued that the foreign exchange reserves of China would be effected by the European sovereign debt crisis. From the aspect of the global reserve currency, global foreign exchange reserves suggests that since the sub-prime crisis the proportion of dollars dropped from 65.3% to 61.5% during 2007-2011. Euros rose from 25.2% to 27.2% in the same period. Overall, it would be a slow process to adjust the global reserve currency. Fortunately, the euro can keep its second reserve status for the foreseeable future. It could be suggested that if the European sovereign debt crisis cannot be solved, leading to the fluctuations of the global foreign exchang e market. It would also impact on the Euro-zone economy and the Euro itself. In the future, dollar and the yen will continue to be the popular hedge currency in the market. While the other major risk currencies such as euro, sterling and australian dollar, and so on will continue to be trapped in the down market. Besides, even more worrying is that the ECB does not play an important role in resolving the crisis. Benefit from the European sovereign debt crisis, dollars kept rising and the greenback was rising against the other big global currencies. European sovereign debt crisis had the largest affect on the foreign exchange market. This crisis is the important factor to make the euro sold a lot. As the U.S. dollars gradually returning to a strong position, which will let the price of the international oil and silver go down. Significantly, if the problem of the European become complicated, the worlds major economies would be dragged down. Such as the United States and China. It can be easy to find out that contagion is an important theme for European sovereign debt crisis. Then, lack of confidence for the future would effect on market sentiment. Therefore, no matter the foreign exchange market, the stock market, the bond market or the precious metals market will be all fluctuate and adjust widely. Investpedia indicates that the Equity market means in which shares are issued and traded either through exchanges or over-the-counter markets. It is one of the most vital areas of a market economy as it provides companies with access to capital and investors with a slice of ownership in the company and the potential of gains based on the companys future performance. In 2011, European sovereign debt crisis continued to escalate. From comparing the public government debt to GDP ratio, the Europe has been reached 87% in general. Besides, the situation in America was worse than Europe (more than 100%). And Japan (reached 219%) was one of the most heavies indebted governments in the developed economies(Tyler Durden, 2011). In another word, the debt crisis would bring great influence in developed economies and even the worldwide. Pengbo Agency(2011) states that global equity market has lost roughly 12.1% in 2011, approximately 6.3 trillion dollars disappeared and the market value decreased to 45.7 trillion dollars. Obviously the European countries became the worse zone of the world. The same year, Italy equity market dropped exceed 24%, France CAC40 index lost 17.66%, Germany DAX index fell 15.4%, and Greece share drop close to 52%. The Asia share closed down 18% at first time in three years. From the evidence explored so far it is clear that European sovereign debt crisis made the worldwide equity market going down. From the situation of global equity market 2011, it can be clear that before the third quarter the global equity market trend was all kept rise. But they all going down in march. Because of rising power is not enough, the stock trend of the second quarter was shock. The third quarter fell sharply to last year, even the year before last year level. At the fourth quarter, European and US equity markets went into shock. In contract, Asian equity markets still down. Besides, European sovereign debt crisis influenced the equity market of China. Those influences can be divided into two main ways. The one way was to cause the export decline and then influenced enterprises profit. Another one was to enhance the ability of financial market risk and then reduce the equity market value. So far the impact on exports has been quite obviously, corporate profits also have the big drops. As a result, the share price fell sharply. It can be argued that European sovereign debt crisis made the equity market of China decline. Interestingly, the situation of global equity market in 2011 was good. Even the strong American equity market only barely flat at the beginning of the year. And the level of European equity market and the Asia-pacific equity markets are lower than early 2011. Besides, the downgrade of the U.S.s triple-A credit rating made the whole years stock down. The evidence explored so far indicates that European debt problem always affects the equity market, plus all kinds of natural disasters and major factors making global equity market weakness. Overall, European sovereign debt crisis made the global equity market weakness. And also effect on the economy a lot. First, the debt crisis will plague the European economic growth for a long time, and restrictive the world economy; Second, if European sovereign debt crisis worsening, it will make the demand of European consumers pay and trade ability down; Thirdly, as the Greek unable to pay lending made them face economy collapse. Also, if Spain, Portugal and other countries cannot succeed through this debt crisis, will certainly effect on the EU economy and even the world economy. Based on the great harm the economy got from the debt crisis, this would affect investors confidence and passion. So the equity market must be weak. From the evidence explored so far it is clear that European sovereign debt crisis cannot be solved in short term. From the recent development of European sovereign debt crisis, Greece is hard to get out of euro-zone. And Spain banking problem become the new risk issue of the European debt crisis. At the same time, Italian bond yields continued to rise. It can be predicted that the debt crisis is hard to improve in the short term. In the long term, to solve this crisis not only depends on external assistance, but also depends on the crisis countries themselves. Previously, these crisis countries over-borrowing and over-pending was one of the reasons caused this debt crisis. Moreover, their government did not make the right policy to guide them. And even played a catalytic role in the wrong direction. Thus, the euro zone must be more cautious, strict and perfect on the aspect of instituti on building, rule-making and policy implementation. It could be suggested that the EU countries should join together to help each other. Especially to provide financial support for the debt-troubled countries. Beside, the debt-troubled countries should cut expenses and reduce the government budget deficit. And try to improve the economic environment for help themselves get out of the debt-trouble.

The Facility s Risk Management Program - 1127 Words

Running head: SLP 4 Richard Jenkins 1 SLP 4 Richard Jenkins 6 Describe and discuss the facility s Risk Management program. Do you feel their Risk Management program is adequate? Compare and critique the subject facility s Risk Management program to that of a model facility and whether the facility adheres to the recognized standard for risk management. Identify areas for improvement in the facility s Risk Management program, if any, and any recommendations you think should be implemented to lower risks in the facility. Give valid reasons for your answer. Richard Jenkins Trident University Introduction Mercy Hospital is a full service healthcare facility located in Portland, Maine. The risk management policy†¦show more content†¦The plan also identifies that risk management staff education will also be performed periodically via declared Health and Safety representatives, incident reports, complete action plans, staff feedback, and meetings. They have also identified the required evaluation methods necessary to complete the risk plan implemented. The plan also lists associated documentation both external and internal that also have effect within the plan. The Mercy Health risk management plan also lists some process examples for risk identification. The plan effectively identifies two primary modes of risk assessment: likelihood of occurrence with associated consequences and the severity associated as well. They?ve created an effective and clear table that associates different likelihoods with severities and assigning numerical codes to them on a 4-point system with a 1 score being the most severe and 4 being the most minimal. They have also implemented a consequence table with labeled severities from minimal to severe which also includes specific incidents/consequences. They then take the scores from the likelihood and consequence tables and multiply them together to achieve the Severity Assessment Code (SAC). They have classified differing levels of SACs. Each corresponding to a different severity and necessary action plan. They then have established aShow MoreRelatedThe Potential Of Risk Within Healthcare1312 Words   |  6 PagesThe potential of risk within healthcare is a high factor concern when dealing with hundreds of patients, staff, and the organization as a whole. Defining what risk is and the level of importance it represents is the first objectives taken on when risk is presumed. Risk within a healthcare facility is when anybody inside the organization or the organization itself is somehow put in harm s way due t o ill practice or internal error residing in the hospital. 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