Case study Example | Topics and Well Written Essays - 500 words - 28

Case Study Example The Repo 108 transactions pledged 108% collateralization. At the end of the second quarter reporting period in 2008, Lehman had over $50 billion in Repo 105 transactions and about $6 billion in cash and cash equivalents. The theoretical accounting justification that this treatment as a â€Å"sale† and a contract for repurchase is that the 5% extra of assets transferred is so much greater than interest for the short period that repurchase is obviously different from a pure loan. (Per the legal letter from theLinklaters law firm in London in 2001.) The crux of the E & Y argument is that SFAS 140 (adopted in 2000) in paragraph 98 states that such Repos â€Å"shall† be treated as a sale. Several amendments and changes to SFAS 140 were made prior to 2007 and 2008 when the Repos became a big problem for Lehman and SFAS 160 more recently. The SEC apparently does not have sufficient confidence to charge former Lehman executives with fraud, but is further investigating E & Y. The status of SFAS 140 indicates all conditions set by the letter of the law. SFAS also violates the principles of accounting set by FASB. Many potential investors offer false promises hence altering the accounting information. Rules set in accounting often offer misleading information as it is in the case of SFAS 140. The practice aids accountants remove the temporary liabilities from company balance sheets on temporary purchasing agreements. This is because the transaction is handled as a sale instead of a liability. The controversy of SFAS 140 did not arise in 2008. The standard was under controversy for amendment reasons. The amendment was to re-examine parts of the provisions set for SFAS 140 that may offer misleading information. The issue experienced with Lehman brought about the issue of fore front. SFAS 140 is used by accountants to move assets transfer in the form of sale under certain conditions. SFAS 1140 however has many controversies since its roll out. Investigations

Features of Gothic Literature in Shirley Jackson's 'The Haunting of Essay

Features of Gothic Literature in Shirley Jackson's 'The Haunting of Hill House' - Essay Example Shirley Jackson’s book â€Å"The Haunting of Hill House† is easily characterized as a Gothic novel based on the presence of many of these characteristics within its pages. The story is basically that of a young woman who goes insane as a result of supernatural influences when she is invited to stay for a summer at a castle-like home located far from the next nearest seat of civilization in a dark and gloomy portion of the country. To explore how â€Å"The Haunting of Hill House† can be considered a Gothic novel, and thus begin to understand the concepts of Gothic literature itself, three elements of Gothic literature will be examined as they apply to the novel. The discovery of how the novel uses the concepts of the sublime, the castle and the Gothic psychomachy will reveal much about the common elements of Gothic literature. The idea of the sublime is not unique to Gothic literature, but the way in which it is applied often can be. The sublime refers to the presence of something that isn’t there, something intangible that is nevertheless felt. While often used in other texts to refer to something that is beneficial and ‘Godlike’, this concept also lends itself strongly to the Gothic novel. This is because the idea of the sublime can be heavenly as easily as it can be founded on the concepts of hell. With the Gothic novel’s concentration on the supernatural and the idea of ghosts, the sublime translates into the novel as the sense of an otherworldly presence that might or might not be discernable to the characters. Within Jackson’s novel, the idea of the sublime is pushed to its ultimate level without losing its meaning. This is particularly evident in the many instances that Jackson allows something to happen that remains forever unknown to the reader and to many of the other characters as well. During their stay at Hill House, all four of the primary characters begin to

Based on clinical practice scenario (wound care), discuss the extent Literature review

Based on clinical practice scenario (wound care), discuss the extent to which evidence based practice was utilised, including re - Literature review Example These processes encompass the concept of wound care. Wound care is a crucial part of the medical practice. It prevents infection and blood loss, as well as further complications for the patient. There are various techniques which health professionals can apply in order to manage wounds. Such management strategies are supported by various studies and evidence in actual practice. This study shall consider literature and supporting researches in wound care, with particular attention given to patient preference and evidence-based practice. With the variety of applications which can be used for skin care, there is a need to consider the best type of care according to patient response and outcomes. Wound care All injuries trigger a series of events which are involved in healing, characterized by the arrival of platelets and inflammatory cells at the site of injury (Diegelmann and Evans, 2004). These cells also give off signals on the influx of connective tissue cells and on the increase of new blood. Chemical signals for these are the cytokines or growth factors. The fibroblasts are the connective tissues which mark collagen deposition essential for tissue injury (Diegelmann and Evans, 2004). In response to injury, platelets come into contact with exposed collagen. With platelet aggregation, clotting elements are released causing the formation of a fibrin clot at the injured area. The fibrin clot is considered the provisional matrix upon which healing is built on. Platelets facilitate clotting which helps control bleeding and loss of fluids and electrolytes. As well as releasing the cytokines, which initiate healing, these platelets also release the platelet-derived growth factor (PDGF) and transform growth factor-beta (TGF-B). Through the PDGF, chemotaxis of neutrophils, macrophages, smooth muscle cells, and fibroblasts is initiated (Diegelmann and Evans, 2004). These platelets also trigger the mitogenesis of the fibroblasts and smooth muscle cells. The TGF-B also t riggers the healing cascade by drawing in the macrophages and prompting them to release more cytokines (including the fibroblast growth factor-FGF, PDGF, TNFa and the IL-1) (Diegelmann and Evans, 2004). The TGF-B supports the chemotaxis of the fibroblast and the smooth muscle cells; it also regulates collagen and collagenase expression (Diegelmann and Evans, 2004). The overall result of these signals is a strong response of the matrix which then supports the release of cells which help ensure rapid formation of new connective tissue at the injured area during the proliferative stage of healing which follows the inflammatory phase (Diegelmann and Evans, 2004). Within 24 hours of the injury neutrophils are the common markers in the injury site. This neutrophil removes foreign material and bacteria in the wound site. Bacteria send of chemical signals which attract neutrophils, ingesting these through phagocytosis. These neutrophils will fill themselves with bacteria and make up the lau dable pus in the injury site (Diegelmann and Evans, 2004). The mast cell is a market cell crucial to wound healing. These cells give off granules made up of enzymes, histamine, and numerous other active amines; they are also responsible for the signs of inflammation seen around the wound. The active amines in the mast cells trigger nearby vessels to become leaky; this causes the easy passage of mononuclear cells in the injured area (Diegelmann and Evans, 2004). Fluids also gather at the wound site and with this, signs of

Organizational Analysis Research Paper Example | Topics and Well Written Essays - 1750 words

Organizational Analysis - Research Paper Example Unilever produces around 400 brands for the customers around the world with their main focus being directed towards the healthy lifestyle of their customers. There are around more than 171,000 employees working in Unilever. Out of their product range, 12 brands of Unilever have a sales figure of more than â‚ ¬1 billion. Unilever claims to impact the lives of the people with the usage of their products (Unilever Facts, 2013). The product range of Unilever ranges from nutritional foods to various flavored ice-creams. It has a product line of various types of household products such as soaps and shampoos. Some of the top leading brands of Unilever around the world are Dove product range, Lipton, Suave, Blue Band and other such type of products. Unilever aims towards promoting their missions which are strong and which possess a standing on long term grounds. It works upon developing a strong and loyal customer base and accordingly works upon their advertisements so that their customer s can associate the brands with their daily household care (Introduction to Unilever, 2013). An example of their ads is the lifebuoy ad soap which displays hygiene through the use of lifebuoy soap. Unilever spends a huge budget on their research and development department and they create their labs around the globe in which their scientists are working on new and innovative products that can be created for the consumers worldwide. The experts are constantly in the working and research phase of testing out new possibilities and this is one of the major strengths of the organization (Introduction to Unilever, 2013). Through research and development, Unilever gets a good chance or remaining a competitive organization. Research allows the invention of new products in association with their current products. Unilever also conducts a proper consumer research so that their new research and development can be tested in the market about whether it is acceptable to the consumers or not. Unile ver claims that they understand the needs and requirements of the customers and accordingly research and come up with better products (Introduction to Unilever, 2013). Unilever aims by its advertisements that they have strong associations with their consumers in the consumer’s everyday life. Research the organization’s mission statement. Discuss the role HR will play (or does play) in fostering the organization’s mission statement. The mission statement of Unilever is that it works towards making the future better for the individuals. Unilever values its customers and hence work towards producing products that are beneficial to the customer in their everyday life so that customers look and feel good about them. Unilever also adds on to their mission statement that they act as an inspiration for the customers in taking small actions in their daily lives to make a difference in the world around (Annual Report & Accounts 2011, 2013). Unilever also implements strate gies towards promoting sustainable growth and they have crafted their business model according to this scenario. They work upon producing products that allow the consumers ease and convenience in their household care. Unilever has a large interest and focus towards a sustainable growth of the business and it plans all its business strategies accordingly (Annual Report & Accounts 2011, 2013). The Human Resource Management plays an important role in fostering the

Current Events and U.S. Diplomacy Essay Example | Topics and Well Written Essays - 750 words

Current Events and U.S. Diplomacy - Essay Example Thus a cold war erupted between the U.S. and USSR which eventually came to an end with the help of doctrinal regimes implemented by Reagan (Fischer, 1997). Define presidential doctrine and summarize the regional or global events during the Cold War leading up to the formation of the Reagan doctrine. Presidential doctrine defines the policies, procedures, reforms and initiatives taken by a country’s president which are intended to enhance global position of the nation and to achieve greatest good for citizens of own country as well as those across the globe. Before arrival of President Reagan, communism had become common and superpowers like Soviet Union were suppressing the Third World countries in attempt to invade them. The Soviet and the Vietnamese led various Marxist movements which depressed capitalism and eventually forced the entry of Cuban armies and Soviet troops into different territories including Angola, Cambodia and Afghanistan. These countries did not have suffic ient powers to hold the forces and hence turned to other countries for help. The U.S. which believed itself to be the savior and leader nation for all decided to intervene and rescue these countries through Reagan doctrine. This doctrine created waves of passion across nations and gave boost to conservatism in America (Carpenter, 2012). Describe the Cold War relationship that existed between USSR and the U.S. before Reagan doctrine was announced. Before Reagan, there were only two prevailing superpowers, the U.S. and the USSR, which considered their coexistence to be catastrophic and hence wanted to triumph over the other. The perceived equality of power of both nations had led everyone to believe that the two countries pose threats to each other. The mutual suspicion rose amongst the two parties and past experiences of World Wars led them to believe that dangers exist. Soviet Union was spreading communism which challenged the survival of capitalism in the U.S. Reagan rejected the i dea of control over European nations by the Soviet Union and claimed it to be unfair for USSR to exercise its rights outside its jurisdictional system and boundaries. Thus Cold War broke and Reagan introduced the Reagan Doctrine to stop communism by supporting and providing arms to the rebels and freedom fighters in Third World countries for self-defense (Katz, 1991). Describe the relationship that currently exists between the U.S. and USSR. The relationship between United States and the Soviet Union enhanced eventually after the Reagan doctrine. The leaders of Soviet Union realized soon that they essentially need the support of capitalist countries in order to flourish in the economic and business world. The greatest capitalist power is the U.S. and hence USSR has been keeping stable relationship with it and has signed various pacts to ensure peaceful relationships in field of politics, science and technology (Cox, 1990). The recent patterns of American-Soviet relationships are inc lined towards development in the fields of economic trade growth and mutually collaborative effort in scientific expansion. Describe the effect that the Reagan doctrine has had on regional or global affairs since the time when it was announced during the Cold War. When Reagan doctrine was introduced, the Cold War came to an end and relationships between U.S. and USSR were also improved. The Soviet Union retreated from all the territories and the world moved towards democratic and harmonious terms. Moscow no longer targeted

The artwork of Gustav Klimt is controversial Research Paper

The artwork of Gustav Klimt is controversial - Research Paper Example rtwork, Klimt was among the acknowledged founders, and also worked as the chair of the 1997 Vienna Secession; he was also a major player in the group’s Sacred Spring (27). The paintings done by Klimt attracted top prices for the works of art done by artists. One of the artworks from his collection, which attracted a top price was the portrait Adele Bloch-Bauer of 1907; it was bought by Ronald lauder for the Neue Galeria at US 135; it was the highest-priced painting in 2006 (30). The artwork (paintings) done by Gustav Klimt are controversial. The rationale for this Experiential Learning Project is to learn more about Klimt’s artwork. The goal is to educate the reader on why Klimt’s artwork was controversial (Whitford 57). The research contained within this paper will support the thesis and provide examples for the reader. Gustav has numerous works of art demonstrating his radical ideas, which was deemed controversial (Bisanz-Prakken 25).This project will focus on expert and personal research by experiencing the art created by Klimt. The design of this research will be based on books, and case studies. The ELP Experimental Research Data contains the personal research of the writer of this paper. All research was conducted from July 13th to August 8th, 2014. The controversial nature of Gustav’s artworks can be traced and understood after gaining a detailed understanding of his birth place, family and the work of his father and family. Firstly, Gustav’s father was a silver and gold engraver living and working around Vienna. Partly, due to the influence of the father’s career, he received training in the field of arts at the Vienna-based decorative arts learning centre (Partsch 267). Later on, in 1882, together with a friend and brother, he started a studio, which specialized in the development of mural paintings. The studio was quite successful right from the start, and it won assignments from establishments like museums, theatres, semi-public and also

Outcasts united written by Warren St. John Essay

Outcasts united written by Warren St. John - Essay Example The book has been published in the United States of America by Spiegel & Grau in New York. Characters, Plot & Summary In his masterpiece, John talks about Clarkston, a remote place set aside for providing shelter to the refugees emerging from different corners of the world, from Iraq and Afghanistan to Liberia and Sudan, from Congo and Burundi to Bosnia and other nations. This downtown outside Atlanta, which was once white dominated region, is now a blend of different cultures, religions and colors. â€Å"The local high school in Clarkston, one all white, now had students from more than fifty different countries. Cultures were colliding in Clarkston, and the result was a raw and exceptionally charged experiment in getting along.† (John: 9) The UNHCR has chosen families from the Middle East, Africa and Southeast Asia for offering resettlement in Clarkston. Almost all of these families have landed here empty handed with the backup of government’s assistance for just three months post which they were expected to earn their own livelihood. Leaving one’s own native land and starting a life from scratch on a foreign land, amongst diverse cultures, hurdles were but obvious. But what is inspiring is that this very common state of the uncommon refugees brings them together to form a community of their own. The motto â€Å"Small town †¦. ... The story then progresses with the mentorship of this lady coach who makes these boys face the unpredictable challengers for themselves as well as their parents thereby wiping out all the differences amongst themselves. This Muslim lady in the Deep South had the will and courage to earn the small town and its new dwellers an identity. As one moves further, one can overtly get to know the impeccable efforts of the Middle Eastern lady who leaves no stone unturned to keep the boys away from the streets. The indomitable spirits of these refugees who call themselves â€Å"Fugees† is truly admirable. Their love for soccer accompanied with their bondness after a tight struggle of differences be it of color (black or white), religion (Muslim or Christianity) or language, reveals the strength of action and determination. Even without fancy cleats and embroidered soccer bags which their competitors possessed, this energetic team was dangerously tough for all other teams in the league. T he author nicely portrays the longing of the Fugees for the sense of belonging in their new homes. The discipline that Mufleh brings into the lives of her players might seem brutal at times, but is the bringer of positive results also. Her statement, â€Å"rules, my drills, my way† is something to learn from. (John: 267) Such is the popularity of the story that Outcasts United has been considered by Universal Studios. Conclusion Reading Outcasts United was good. By portraying the true story of the refugees and Mufleh, John has gracefully highlighted a new community which deserves to be treated as a significant part of the existing community. What I found most interesting in the entire book was the