Habeas Corpus and the Use of Military Tribunals Essay -- American Hist

Habeas Corpus and the Use of Military Tribunals In America Under the Threat of Terrorism Introduction It was on this date one hundred forty two years ago (April 25, 1861), that President Abraham Lincoln sent a letter to Lt. General Winfield Scott authorizing the suspension of â€Å"The Privilege of the Writ of Habeas Corpus† . Lincoln had been president for less than two months and was facing, what was up to that time and arguably may still be the greatest threat to the survival of the United States since the Founding Fathers launched this â€Å"Great Experiment†. Only eleven days earlier Major Robert Anderson, the commander of the federal garrison at Fort Sumter, South Carolina, had to surrender the fort to the Confederate Army. Lincoln was reluctant to issue such an order but had done so as he faced the very real possibility that the Maryland legislature would convene and â€Å"[t]ake action to arm the people of that state against the people of the United States† . Thus began the first of several occasions in our nation’s history where a president when faced with a â€Å"clear and present danger† to our national security has had to balance fulfilling his oath to â€Å"[p]reserve, protect and defend the Constitution†¦Ã¢â‚¬  with the â€Å"privilege† to have any detainment reviewed by a judge or magistrate of competent jurisdiction. Problem Statement How far may law enforcement officials go in compromising civil liberties to enhance national security? What does the Constitution say with respect to the suspension of the civil liberties in times of national emergency? How has the U.S. Supreme Court interpreted the constitution with respect to the suspension of habeas corpus? Few citizens would disagree that national security is a legitimate function of government. First and foremost, our national government is responsible for the protection of life, then liberty. The most ardent champions of the Bill of Rights concede that it would be foolish to treat civil liberties as inviolable when the lives of innocent thousands are at stake. U.S. Supreme Court Justice Robert H. Jackson, dissenting in a free speech case, gave these words of warning regarding civil liberties: â€Å"[T]he choice is not between order and liberty. It is between liberty with order and anarchy without either. There is danger that, if the Court does not temper its doctrinaire logic with a little practical wisdom, it will c... ...lue – Freedom. Or it can be an indictment of our fear if we abrogate the liberties so much cherished and so dearly paid for. Bibliography Rehnquist, William H. All the Laws But One, New York: Alfred P. Knopf, 1998 Black’s Law Dictionary. Abridged Seventh Ed., p. 569, West Group, St. Paul, MN (2000) Garret, Buck "The Unconstitutionality of Time Limits Placed on The Great Writ," Prisoner of War in America - http://www.nov.org/garret.May97.htm Rembar, Charles. The Law of the Land: The Evolution of Our Legal System, pp.141 -156, Simon and Schuster, New York, (1981) Kleinfeld, Joshua. "The Union Lincoln Made", p. 24, History Today, Vol. 47, Nov 1997. Authorities and Cases Cited U.S. Constitution, Article 1,  § 9 Terminiello v. Chicago, 337 U.S. 1 (1949) Ex Parte Milligan, 71 U.S. 2 (1866) Ex Parte Quiran, 317 U.S. 1 (1942) Ashcroft, John. Statement to the Press re: The Capture of Jose Padilla, July 10, 2002 Padilla v. Bush, et al., 233 F. Supp. 2d 564 (S.D.N.Y. 2002) Padilla v. Rumsfeld. 233 F. Supp. 2d 564, No. 02 Civ. 4445, 2003 U.S. Dist. (S.D.N.Y. Mar. 11, 2003) Padilla v. Rumsfeld. 233 F. Supp. 2d 564, No. 02 Civ. 4445, 2003 U.S. Dist. (S.D.N.Y. Apr.9, 2003)

Economy, Religion, Government & Education

The essence of politics is power. Power is the capacity of people or groups to control or influence the actions of others, whether those others wish to cooperate or not. There are three mechanisms for controlling the actions of others: reward, punishment, and controlling of information.Authority and power legitimating Two classification of Power that categorized by Sociologist: Legitimate power – Power used in a way that is generally recognized as socially right and necessary. Illegitimate power – Power used without social approval. Example: Gangsters who demand and receive protection money from a shopkeeper y threatening violence are using illegitimate power. Government agencies that demand and receive a sales tax from the same shopkeeper are using legitimate power. Democracy – literally means â€Å"rule of the people. In a true democracy, the powers of government derive from the formal consent of the governed, and citizens have a right to participate in decisi on-making process. In a representative democracy, the most common type, citizens vote for officials to represent them. Only in very small democratic systems can each citizen affect government by direct involvement; this hype of democracy is called participatory or direct democracy. Totalitarianism – is run by a single party, in which there is governmental surveillance and control over all aspects of life.The totalitarian state creates an official ideology, a total world view and a set of rules of behavior. Rival worldviews are suppressed, rival religious groups are persecuted, and the works of many artists and intellectuals are censored. Authoritarianism Authoritarianism – ultimate authority is vested in a single person. The ruler may be either a monarch (a hereditary ruler), or a dictator (someone who as come to power and typically holds that power by means of force). Ideology and political parties do not play a major role in the authoritarian regime.There are importa nt differences between authoritarian and totalitarian regimes: An authoritarian regime is one that does not tolerate political opposition but is prepared to allow institutions and sectors of society to function free of the state provided they do not engage in political activity. A totalitarian regime is one that seeks to impose state control over every institution of society, regardless of whether it engages in within an all-embracing political design. Berger, 1986:83-84) Authority refers to legitimate power that is institutional in nature.Max Weber classified the main sources of social authority into three types: Traditional authority is authority that is conferred by custom and accepted practice. In a hereditary monarchy, the power of the head of the government is legitimated by birth. Charismatic authority is authority that is generated by the personality or exceptional personal appeal of an individual. Legal-rational authority is authority that rests on rationally established ru les. State – Some legitimate power or authority is found in every group or organization.Formal and Non-Formal Education Informal education is learning through interaction with others in the group. Non- formal education consists of sets of definite learning goals and objectives. Non- formal education is not covered by traditional school system. Social organizations, private companies, government offices, livelihood training centers, and other institutions administer non-formal education. Formal education is synonymous with â€Å"school. † It sets definite goals and objectives reached through systematized, formal instruction methods. Schools are run by the state, by private individuals or reparations, or by religious groups.

The Bolshevik Revolution Of 1917 - 2966 Words

1. Introduction. Architecture should not be separated from the political and social life of human-beings. On the contrary, â€Å"throughout the history, architects have always been involved to some extent in politics, and have a nearly always sought positions of power and influence’’. Communist ideology in the Soviet Union had a huge impact on the architectural development of many modern nations: Russia, Ukraine, Belorussia, Lithuania, Estonia, Latvia, Uzbekistan, Tadzhikistan, Kyrgyzstan, Bulgaria, Romania, Georgia, Armenia, Kazakhstan, Moldova and Azerbaijan. The amount of affected countries makes the topic of my analysis relevant and worth-discussing. My essay will be structured in a following way. I argue that communist ideology had an†¦show more content†¦For example, many buildings in the newly sovereign post-colonial states portray ethnic, cultural and religious patterns in order to cause nationalistic feelings among the populations. I totally agree w ith Miodrag Suvakovic’s argument, which claimed that ‘‘architecture is a political and ideological practice that uses its techno-aesthetic and techno-artistic strategies to participate in the organisation of individual and collective human life’’. In my view, the most interesting architectural distinguish is between liberal and extremely socialist (such as communist) political ideologies. Liberal ideologies are more open, free and creative than socialist ones, which usually are practical rather than beautiful or unusual. Thus, I can claim that liberal ideologies are more intellectually stimulating for architects because there are often less rules and requirements for their work. Socialist ideologies imply that usually there is a certain architectural plan and a set of rules that you have to follow and hence, architects in socialist countries are rarely required to  «think outside the box ». Many constructions in liberal states are built by indiv idual entrepreneurs, whose aim is to generate wealth and money. That results in higher levels of overall attractiveness of buildings and the usage of different and sometimes unusual materials for their construction. New York is a perfect example of a city, which was fully built under theShow MoreRelatedReasons For The Bolshevik Revolution Of 19173737 Words   |  15 PagesWhy did Tsarism collapse and due to what reasons did the Bolsheviks triumph in 1917? The Russian Revolution of 1917 brought with it the fall of 300 years of Romanov rule and marked the beginning of the transition of Tsarism to Communism, from which Lenin established the Union of Soviet Socialist Republics, succeeded by Stalin. The Revolution is worthy of investigation as it is arguably the most significant event of the 20th century, considering that it helped shape many other subsequent events suchRead MoreThe Success of the Bolshevik Revolution in 1917 Essay2632 Words   |  11 PagesThe Success of the Bolshevik Revolution in 1917 Part 1 Karl Marks was not Russian and he died 34 years before the Russian revolution, he was a German who spent most his life in England. He worked as a journalist but wrote books on history, religion, economics, society, and philosophy. Marx hated the system of capitalism because he thought that it was capitalism that had produced the problems of industry, poor living conditions and the social gap of the rich andRead MoreThe Bolshevik Revolution of October 1917-Essay Review1428 Words   |  6 PagesIn 1917, in the midst of the Great War, Russia faced one of the biggest political shifts that the Tsarist-ruled country had ever known-the Bolshevik Revolution. There are two significant time frames associated with the Bolshevik Revolution. In the February revolution Tsar Nicholas II abdicated his throne and a Provisional Government took control. In the October revolution the Bolsheviks took power by overthrowing the Provisional Government. How did the October revolution become a reality? WhatRead MoreThe Success of the Bolshevik Revolution in Russia in October 19171822 Words   |  8 PagesThe Success of the Bolshevik Revolution in Russia in October 1917 The Bolshevik seizure of power or coup de’tat of October 25th, 1917 was a culmination of both internal and external failure to satisfy the needs of an oppressed Russian society. In contrast to the spontaneous revolts earlier in 1917, the Bolshevik revolution was ‘a carefully planned plot carried out by ‘professional’ revolutionaries.’[1] The victory of the Marxist Lenin’s Bolsheviks was due to the failureRead MoreLenins Role in the Bolshevik Revolution of 1917 Essay2226 Words   |  9 PagesLenins Role in the Bolshevik Revolution of 1917 After March 1917, the Russian revolution was yet to be completed. The Tsar had been overthrown, the power and responsibility of the government of Russia had been passed on duelly to the Provincial Government and the workers Soviet, the most powerful Soviet in Petrograd. In November 1917, the second revolution was planned, a Bolshevik revolution. Evidence around the Bolshevik revolution is not completely reliable, butRead MorePoor Living and Working Conditions as the Reason for Bolsheviks Seizure of Power in 1917738 Words   |  3 PagesPoor Living and Working Conditions as the Reason for Bolsheviks Seizure of Power in 1917 Around eighty percent of Russia’s population were peasants who lived in communities. Living and working conditions for most peasants were dreadful, famine and starvation were common. People worked for long hours, their wages were low and rent was high. In factory towns people lived in overcrowded slums and there were very few sanitary facilities. Poor living and working conditions existedRead MoreReasons for Russias October Revolution922 Words   |  4 PagesWhat were the reasons for the October revolution? The revolution in Russia started spontaneously in February 1917 when the Bolsheviks leader Vladimir Lenin plotted to overthrow the government and take power. The Tsar in Russia Nicholas II was abdicated in March 1917 and the provisional committee of the Duma formed the provisional government. The â€Å"duel power† interrupted the government authority and the soviets were in control. Now the provisional government decided to continue with the war becauseRead MoreThe Russian Revolutions of 1917 Essay1326 Words   |  6 PagesThe Russian Revolutions of 1917 There were two revolutions that occurred in Russia in 1917. The first one, in February, overthrew the Russian monarchy. The second one, in October, created the world’s first Communist state. The Russian revolutions of 1917 involved a series of uprisings by workers and peasants throughout the country and by soldiers, who were predominantly of peasant origin, in the Russian army. Many of the uprisings were organized and led byRead MoreEssay on Russian Revolution946 Words   |  4 PagesDuring the 1900’s the Russian Government made it extremely hard for the Bolsheviks to progress which made them revolt against the government making this a prime matter for the start of the Revolution. The Czarist government was ostracized by the common people of Russia so Tsar Nicholas II was overthrown by the Provisional Government, whom later on were overthrown by Lenin and shortly after the Bolsheviks took control over Russia. Russia was hard to develop because of the major leaders who had control;Read MoreWas Lenin More Significant for His Actions in 1917 or for His Subsequent Actions from 1918 to 1924?1338 Words   |  6 Pagesactions in 1917 or for his subsequent actions from 1918 to 1924? Lenin was a Russian revolutionary and was best known for being one of the main leaders of the October Revolution in 1917 and the first head of the Russian Soviet Socialist Republic. But was Lenin more significant for his actions in 1917 or his subsequent actions from 1918 to 1924? That is the question I will be exploring in this essay and I will be thinking of all of his actions in the mentioned years. Lenin s main role in 1917 was

Is Autism a Primarily Genetic Disease - 1448 Words

I. Introduction: Neurological disorders are complex in nature and often the least understood. Given the recent boom in imaging technology and other diagnostic methods, it is now possible to see more clearly into the scope of neurological development and accurately determine the etiology of these diseases. One of such disorders is Autism; a multifactorial condition impairing normal brain development. It affects many aspects of development, including social behavior, cognitive ability and communication skills1 and is commonly diagnosed in children before the age of three1. The symptoms of this condition can vary greatly between individuals; hence its classification as a spectrum disorder. Asperger syndrome, Rett syndrome and pervasive†¦show more content†¦Mutations that occur during transcription are also linked to the expression of genes associated with Autism Spectrum Disorder. ASD candidate genes are genes normally related to synapse function, but when the enzyme topoisomerase is inhibited, the genes are not fully expressed4, factoring into the phenotypic expression of Autism. The individuals studied who were affected by ASD had a numerous amount of mutated genes relating to transcription function4. This result illustrates the relationship between transcription and the phenotypic expression of autism. Twin Studies also show that there is a strong genetic influence in autistics. In a study of 44 sets of twins, there was a high concordance rate of autism and other disorders on the ASD spectrum for monozygotic twins (92%)5. This suggests that the genetic similarity between MZ twins influences their risk of expressing Autism. Dizygotic twins however, had a much lower concordance5, supporting the hypothesis that there is a correlation between genetic similarity and Autism risk. According to the study, complications during pregnancy are not likely to be the cause of autism, but simply happen more often in twin pregnancies5. The association of severe brain damage in pregnancy and Autism has not been found in singletons5. In 29 cases of twins discordant for Autism, biological hazards associated with brain damage usually affected the autistic twin. ThisShow MoreRelatedEpigenetics And Autistic Spectrum Disorder1078 Words   |  5 Pages Epigenetics and Autistic Spectrum Disorder Jowan Jones Old Dominion University â€Æ' Abstract This paper plans to focus on autism spectrum disorder and how epigenetics contributes to the development of the disease. ASD is comorbid with other neurodevelopmental diseases including Rett Syndrome, Fragile X, Prader-Willi, and Angelman. These diseases have frequent, identifiable symptoms such as coloboma of the eye, heart defects, atresia of the nasal choanae, retardation of growth and or developmentRead MoreCommon Chromosomal Abnormalities Associated With Autism1434 Words   |  6 PagesFive other gene disorder that contributes to autism are (1) EN2 (Engrailed 2) involved in cerebellum development. (2) GABR (Gamma Amino Butyric Acid Receptor) regulates brain cell migration. (3) OXTR (Oxytocin Receptor) participating in the response to stress and social skills. (4) RELN (Reelin) involved in neuronal migration in the developing brain. (5) SLC6A4, a serotonin transporter gene† (Johnson, Giarelli, Lewis, Rice, 2013). As a result of all the researches done several chromoso mal lociRead More Childhood Autism Spectrum Disorders Essay1669 Words   |  7 PagesChildhood Autism Spectrum Disorders Autism has been on the rise in the past 20 years, and is getting dangerously close to reaching epidemic proportions (Zelan, 1). Statistically, Autism rates have been rising in the United States with Autism now effecting 1 in every 150 children ages 10 and younger (Zelan, 1). Autism can occur in any race and does not gender discriminate, though boys are four times more likely to have Autism than girls (Castrogiovanni). The causes, symptoms, diagnosis, and treatmentRead MoreAutism Spectrum Disorder1278 Words   |  5 PagesStatistical evidences. ASD’s gender proportion suggests that the autism is sex-linked, and the statistical evidence convincingly shows that genetic factors are playing key role in the prevalence of ASD. To begin with, U.S. Department of Health and Human Services, Centers for Disease Control and Prevention (CDC) published the relationship between the number of autistic boys and girls. The statistical evidence shows that boys are more inclined to become autist ic than girls. CDC states that 1 in 42Read MoreThe Anti Vaccine Movement1426 Words   |  6 Pagesto autism. The claim that the MMR vaccine causes autism is not backed by any scientific evidence and therefore should not be believed. Autism is a developmental disability that is caused by differences in how the brain functions. People with autism may communicate, interact, behave, and learn in different ways and show repetitive behaviors. About 1 in 68 children have been identified with autism in communities across the United States. According to the myth, children seemed to develop autism shortlyRead MoreAsperger Syndrome : A Disorder On The Autism Spectrum1210 Words   |  5 PagesAshley Knowles Dr. Chaviano ESE 309 Spring 2015 Asperger Syndrome Asperger syndrome, also known as, Asperger disorder is a disorder on the autism spectrum. Asperger syndrome is on the mild, or â€Å"high-functioning,† end. Many affected with Asperger’s learn to adjust and become very intelligent and live successful lives. In 1944, an Australian pediatrician named Hans Asperger observed four children who had difficulty integrating socially. The children lacked nonverbal communication skills, failedRead MoreVaccinations Should Be Mandatory?1739 Words   |  7 Pagesmillion people die from vaccine-preventable diseases each year; half of the people who die are children who are less than five years of age (Offit, 2014). When a person dies from a disease that has an available vaccine, that death could have been prevented. Parents do not vaccinate their children for an abundance of reasons. Although they feel that they are protecting their children, they are actually exposing them to countless life-threatening diseases. People who are not vaccinated cause problemsRead MoreImmunizations Is Better Than A Cure Essay1129 Words   |  5 Pagesmajor concerns would be the health and safety of their children. Some parents believe that vaccines were to prevent the spread of dangerous transmittable diseases, also a re under the impression that vaccines present high risk factors for their children. Vaccination’s allow provide protection to children and adults against many varieties of disease, and when kids are vaccinated in the earlier stage immunity is created. This form of immunity protects the population from the risks of a virus spread, asRead MoreThe Controversy Of Autism Spectrum Disorder1323 Words   |  6 PagesThe Controversy Defining Autism Autism continues to spark countless discussions and debates throughout the medical field. Some doctors believe that autism is a neurological disorder that can and should be treated, as others continue to think it is simply a difference in human adaption that needs to be nurtured and acknowledged. Regardless of what autism may be, it continues to dramatically rise in the number of children and families affected. With autism being based on such a broad spectrum, theRead MoreAutism Is A Psychological Disorder1329 Words   |  6 PagesAutism continues to spark countless discussions and debates throughout the medical field. Some doctors believe that autism is a neurological disorder that can and should be treated, as others continue to think it is simply a difference in human adaption that needs to be nurtured and acknowledged. Regardless of what autism may be, it continues to dramatically rise in the number of children and families affected. With autism being based on such a broad spe ctrum, the affects and causes leaves the medical

Comparative And Normative Function As A Standard Of Behavior

Zou et al draw upon previous research demonstrating how perceived consensus occurs within groups. Groups can be particularly useful when we are unsure of the situation through two functions: comparative and normative. The comparative function serves as a benchmark; individuals will look towards others to see how they compare in terms of behavior and values. The normative function acts as a standard of behavior; when we are uncertain, we will look towards others to determine what is the normal and accepted. Sherif’s 1935 Autokinetic study provides a case of when normative influence becomes internalized. Participants were engaged in a perceptual judgment task either alone or in a group and were instructed to look at a light in a dark room. Although the light is stationary, it appears to be moving in a dark room, and participants were told to indicate how much they thought the light was moving. Through repeated trials in groups, participants’ answers began to converge towa rds a mean distance, indicating a perceived consensus. The significance is that the light was not moving—the participants were affected by others’ perceptions and their judgments of the distance began to converge. This experiment demonstrates how people will look towards others for guidance in ambiguous situations. Furthermore, the perceived consensus subsequently became internalized. Zou et al apply this understanding of perceived consensus to culture by arguing that perceptions of knowledge construct whatShow MoreRelatedHow Reference Groups Exert Influence on Consumer Behavior3154 Words   |  13 Pagesspecific guide for behavior. They help us understand the impact of other people on an individual’s consumption beliefs, attitudes, and behavior. It helps marketers choose their methodology to affect desired changes in consumer behavior. From a marketing perspective, reference groups are groups that serve as frames of reference for individuals in their purchase or consumption decisions. Reference groups that influence general or broadly defined values or behavior are called normative reference groupsRead MoreHow Reference Groups Exert Influence on Consumer Behavior3143 Words   |  13 Pagesspecific guide for behavior. They help us understand the impact of other people on an individual’s consumption beliefs, attitudes, and behavior. It helps marketers choose their methodology to affect desired changes in consumer behavior. From a marketing perspective, reference groups are groups that serve as frames of reference for individuals in their purchase or consumption decisions. Reference groups that influence general or broadly defined values or behavior are called normative reference groupsRead MoreSocial And Emotional Learning Theory1385 Words   |  6 PagesSEL Standard The state of Kansas is one of only three states to enact comprehensive social and emotional learning standards with developmental benchmarks in K-12 education, (Dusenbury, Weissberg, Goren and Domitrovich, 2014), and it has also tied those standards to college readiness. The Kansas State Department of Education (KSDE) lists The Kansas social, emotional, and character development model standards aligned to Kansas college and career readiness standards (2012). Among these standards is theRead MoreBanking Competitions and Capital Ratios: Document Summary1485 Words   |  6 Pagesattributable to the way rivalry has been dignified in preceding studies. These studies were typically founded on the organization-conduct-performance example, which makes the assumption that the structure of the market is connected to conduct that is comparative and that competition can be approached by the grade of attentiveness that is supposed to be in a banking subdivision. On the other hand, there are seve ral significant difficulties with this estimate. The author of the document goes on to stateRead MoreMoney Makes The World Go Round1532 Words   |  7 Pagesconverted to actors involved in a more complicated process of accomplishing gender with and for their children .Have you ever heard the phrase â€Å"money makes the world go round,† it infers that without money or some kind of currency the world wouldn’t function the way it is today. Quite frankly, I believe it to the outmost extent. People are not going to resort back to trading commodities. This country has gone through time periods of different influences like wars and industrialization, but perhaps theRead MoreDescriptive Research2723 Words   |  11 PagesDESCRIPTIVE RESEARCH: 1. It contributes to the formulation of principles and generalization in behavioral sciences. This is especially true in casual-cooperative and correlational studies. 2. It contributes much to the establishment of standard norms of conduct, behavior, or performance. 3. It reveals problems or abnormal conditions so that remedial measures maybe instituted. 4. It makes possible prediction of the future on the basis of reactions of people toward certain issues. 5. It givesRead MoreThe Cost of Culpability: The Significance of Numbers Inside the Criminal Justice System (Age and Economics)1244 Words   |  5 Pagesall parties. Each participant, victim families, the youth/mentally ill offender and society as a whole are impacted by unjust and bias laws respectively. Until stiffer punishments are put into place that will hold juvenile offenders to the same standards as adult offenders who commit the same or similar crimes loopholes inside the criminal justice systems will slowly widen and create room for greater sentencing disparities that will affect all offenders. A combination of legal jargon, chronologicalRead MorePaulino J. Garcia Memorial Research and Medical Center Organizational Behavior Study6602 Words   |  27 PagesOrganizational Behavior Case Analysis on Dr. Paulino J. Garcia Memorial Research and Medical Center Executive Summary   Ã‚  Ã‚   The Dr. Paulino J. Garcia Memorial Research and Medical Center (Dr. PJGMRMC) is an established and yet growing hospital. However, come with the expansions through enabling acts and how the organization grows in an ever changing environment come also challenges and issues the hospital has to face. Among these issues are improving their nurses over all service performance. InRead More Teaching an Applied Critical Thinking Course: How Applied Can We Get?3266 Words   |  14 Pagesthen speak to computers rather than instructors about their private lives without having to share confidential information with any other human being, yet still receive relevant feedback. I discuss software technology that actually performs this function. The software in question is an interactive, artificial intelligence program that checks beliefs for faulty thinking (fallacies), including inductive and deductive errors. The system scans student essays for possible fallacies; asks questionsRead MoreWhat†™s Wrong with Executive Compensation?6661 Words   |  27 Pagesorganizational action ignores the ongoing social structures within which managerial action is embedded (Granovetter, 1985), mistakenly disregarding the inï ¬â€šuence of anything other than economic incentives and information asymmetries on organizational behavior (Lubatkin, 2005). In addition, other critics take speciï ¬ c aim at the efï ¬ cacy of incentive alignment as a solution to the agency problem, levying a slightly more pragmatic critique: it simply does not produce the desired results. Observers ranging

Limitation of Lehman Brother

Question: Discuss about the Limitation of Lehman Brother. Answer: Stating the limitation of Lehman Brothers in derivatives market: Lehman Brothers scandal came as the devastating blow to the financial market, which started the financial crisis. High leveraged Credit Default Swap (CDS) and accumulation of bad loans reduced the overall value of its assets, which made the company insolvent. The high-risk trades mainly conducted by the company in the derivatives market increased its risk exposure and hampered its revenue generation capacity. The limitation of Lehman brother in derivatives market is depicted as follows. Corporate government failures: Lehman Brothers corporate government failure was identified after detecting the Repo 105 program, which was used by the company to portray its loans as sales in its balance sheet. The company straight away portrayed the loan acquired from asset collateral, as sales, which is ethically not correct and indicates the failure of corporate governance. The former Lehman directors stated that they were unaware of the Repo 105 program used in the balance sheet to hide the default assets (Rauterberg and Verstein 2013). The company has been using the Repo 105 since 2006, which states the unethical measures and volition of ethical rules laid down of GAAP. Highly leveraged risk taking business strategy: The company took higher leverage risk by reducing the income generation capacity from brokerages and raising its exposure in long term investment. The long-term investment strategy used by the company reduced its capital, which in turn raised its liquidity risk. The exposure to the CDS mainly blocked the companys capital and generated no return, which in turn hampered the companys ability to hedge its risks (Battiston et al. 2013). The high exposure to the liquidity risk and no hedging strategy mainly increased inherit risk of the company, which at last resulted in its insolvency. Depicting the limitation of MGRM in the derivative markets: The limitation of MGRM in derivatives market is depicted as follows. Contango price movement: Contango oil price movement was the major setback, which hampered profitability of MGRM. The contractual forward contract mainly sealed the companys short position exposure to oil. After the commencement of the forward contract decline in oil prices stared, this resulted in losses incurred by the company. Hedging strategy adopted by the company was stack and roll, which loses its fiction in the Contango market conditions. The future prices of the oil was higher than the spot price, which resulted in unexpected loses in future position. Lakshmi et al. (2013) argued that rolling stack strategies could be considered worse than no hedge position if cash flow is considered. Fixed exposure of risk: MGRM initially used a futures contract on monthly basis to hedge the 10-year forward contract. The hedging position was used as a cover to reduce the negative impact of rising prices of oil. However, the oil prices declined and the continuous loss from the exposure resulted to loss of $900 million. Biggins and Scott (2012) stated that stack and roll strategy is only viable if the market is in backward position. MGRM was not able to comprehend the change in market conditions, which might hamper its overall profitability. The contract was initiated by MGRM when the market was in backwardation position, which helped in generating higher profits. However, the change in derivate strategy resulted in huge looses, which liquidated all the forward and future contrast held by MGRM. Reference: Battiston, S., Caldarelli, G., Georg, C.P., May, R. and Stiglitz, J., 2013. Complex derivatives.Nature Physics,9(3), pp.123-125. Biggins, J. and Scott, C., 2012. Public-private relations in a transnational private regulatory regime: ISDA, the state and OTC derivatives market reform.European Business Organization Law Review,13(03), pp.309-346. Lakshmi, K.B., Saraswathi, S., Ramakrishna, Y. and Director, R.K., 2013. Performance of Financial Derivatives (Futures) in Indian Capital Market.Development,25, p.26th. Rauterberg, G. and Verstein, A., 2013. Assessing transnational private regulation of the OTC derivatives market: ISDA, the BBA, and the future of financial reform.Va. J. Int'l L.,54, p.9. Thetradenews.com. (2016).Lehman collapse spurs change in OTC derivatives trading | The Trade. [online] Available at: https://www.thetradenews.com/news/Asset_Classes/Derivatives/Lehman_collapse_spurs_change_in_OTC_derivatives_trading.aspx [Accessed 17 Nov. 2016].

Shakespeare Wrote Many Plays During His Lifetime. Some Of His Plays Ha

Shakespeare wrote many plays during his lifetime. Some of his plays have similar comedic characteristics and then other plays are the exact opposite of comedy. Shakespeare wrote tragedies, romance, history, comedy and problem plays all with great success. During the performance of these plays there was no scenery so great time was taken when developing the characters and the plot so the plays would be entertaining. A Midsummers Night's Dream and Much Ado About Nothing are just two of the comedies Shakespeare wrote. These two plays have many things in common where as Measure for Measure is a problem play with a totally different tone. Comparing and contrasting these three plays will help us to understand what Shakespeare thought comedy was in the 1600's and to see if our views on comedy are the same today. A Midsummer Night's Dream is a festive comedy. The play takes place in June and this is a bewitched time. In the spring the custom is to celebrate the return of fertility to the earth. During this time the young people spend the night in the woods to celebrate. Shakespeare uses the greenworld pattern in this play. The play begins in the city, moves out to the country and then back to the city. Being in the country makes things better because there is tranquility, freedom and people can become uncivilized versus when they are in the city and have to follow customs and laws and behave rationally. Comedies contain blocking figures and in this play it is Egeus. If he was not in the way, Hermia could marry Lysander. Since he is causing problems in his daughters life by trying to make her marry Demetrius, this begins the journey into the woods. Egeus threatened Hermia with death if she were to marry Lysander so she thinks the only way they can be together is to run away. One strange element is why Egeus was so set on Hermia marrying Demetrius. Lysander came from as good a family as Demetrius. Both were well possessed with property and money so Egeus's power is made to seem senseless. The play moves into the woods which is haunted by fairies who are there to bless the wedding of Theseus and Hippolyta. The quarreling between Oberon and Titania over the changeling boy leads to the king wanting to embarrass Titania with the love juice by making her fall in love with a monster. The first person she sees is Bottom and she falls violently in love with him. Oberon is making a spectacle of Titania and Bottom. It is ridiculous that she is in love with him because he is from such a lower class than her, he is human and she is a fairy, and he has the head of an ass. She is also a queen and he is an uneducated working man and a match like this would never happen. Bottom has such a problem with language. He speaks in malapropisms. He tries to say one word but always comes up with the wrong one. He is a working man who tries to act more educated that he really is . Through Bottom and Titania we see that love is blind. Also, while Titania is under the influence of the love juice she releases the changeling boy to Oberon so he did accomplish his goal. The confusion between Lysander, Hermia, Helena, and Demetrius because of the love juice is full of funny occurrences. When Lysander wakes up and thinks he is in love with Helena, Hermia is ignored and treated badly by Lysander. Then not only was Lysander saying he loved Helena, Demetrius was also treating Hermia badly. This left poor Hermia so upset but we as the audience know this is a prank and soon the spell will be lifted. The main characters in the play are all developed to a point where the audience can identify with them. We learn things about them individually so we can feel happy or sad when things happen in their life. I felt sad for Hermia when she was jolted by Lysander because their love for each other had seemed so strong and she was so confused by his behavior. Even though the audience