Leadership Is Good And Bad Leadership - 954 Words

1. As per ref (a) the United States Coast Guard defines leadership as â€Å"You influencing others to achieve a goal.† Ref (b) defines leadership as â€Å"the ability to work through others to accomplish a task.† My definition of leadership is â€Å"Things you do to get people to do things†. My definition covers both â€Å"good† and â€Å"bad† leadership. I feel that I have been influenced equally as much by â€Å"bad† leadership as â€Å"good† leadership. I have observed as much of what not to do, as what to do. I occasionally find myself compelled to do something that was in the â€Å"what not to do† column. I feel that if it was not for the bad experiences I would have had to learn a lot of the â€Å"what not to do† lessons on my own. For instance, I have worked for a number of Department Heads, but one in particular focused on making changes immediately, whether needed or not; mostly not. Further, the way he approached the change was, â€Å"do this because I said so† and â€Å"I don’t know how you all got along without me†. Input was not solicited and unsolicited input was not considered. Conversely, I have worked for Department Heads that wouldn’t make any unnecessary changes, and any changes that were made were implemented only after discussion with the department or division supervisors. It was no coincidence that the latter Department was more functional under this style of leadership. It is this style of leadership that I attempt to emulate. 2. The three behaviors I have chosen to focus on improving are as followsShow MoreRelatedGood Leadership And Bad Leadership892 Words   |  4 Pagesingredient in effective communication. It’s the foundational principle that holds all relationships†-Stephen Covey. We all know the difference between good leadership and bad leadership and have dealt with both kinds of leaders in the workplace. Great leaders tend to be easier to recognize and remember, they are who we here about for decades. Bad leaders all tend to have the same trait and that is they lack trustworthiness. Leaders like this tell people what they want to hear and not the actual truthRead MoreGood And Bad Leadership Influences During My Career Essay1298 Words   |  6 Pages1. My Leadership definition – Guiding and inspiring individuals and groups to efficiently complete a common goal while fostering an environment of mentorship, personal growth, teamwork, and empowerment while utilizing an individual ’s strengths and addressing their weaknesses. Leadership is situational and has to be adapted to a certain point to play to those individual strengths and weaknesses to find the right balance to achieve the goal. Leadership is about understanding yourself, how you interactRead MoreBad Leadership Theories1212 Words   |  5 PagesAbstract When I think of bad or evil leadership, I think the power between leaders and followers are often locked in a complicated dance of sorts. Leadership today is a phenomenon, which implies that a leader, by nature, is someone wise and inspirational. However, it is better to understand that sometimes a leader is driven by darker forces, as well as their followers. Leadership can be painted in shades of gray, sometimes in black and bad leadership is as ubiquitous as it is insidious. ThisRead MoreWhat Makes A Bad Leader And How They Can Improve1614 Words   |  7 PagesBackground I work Fulltime at Electrical Supply Company and I have observed many types of leaders in my time working both as a manger and as an employee. For the purpose of this assignment I am going call this person John Doe. He is a bad leader because he lacks compassion, integrity, and the will to see things through. During my time working their I have had this manger chastise me in front of my employees causing me to lose credibility. Also, when he visits the store he is always on his phone sometimesRead MoreLeadership As A Good Leader946 Words   |  4 Pages1. Leadership is the ability to create an environment in which people want to put their best efforts forward. Creating this environment takes trust which is gained by leading by example, setting standards and holding people accountable. To set these environments leaders must understand what motivates the people they lead. People are motivated by different styles and a leader must understand the individuals needs and tend to those need s. Leadership is dynamic and a good leader changes to meet theseRead MoreManagement And Leadership : Costa Coffee Shop Ltd1414 Words   |  6 PagesManagement and leadership Costa Coffee Shop Ltd Report Introduction In every corner of a successful organisation, management and leadership has a strong connection, cannot divide one from another because both has to complement each other in many ways. Many authors and theorists argued that management is completely different skill than leadership and others just insist that leadership is a skill of a management studies in which needed to be updated with the world permanent variables of globalisationRead MoreAnalysis Of The Book Black Hearts 1405 Words   |  6 Pagesmy eyes to how leadership from a single Officer can have a grappling effect on such a wide range of soldiers from the lowest of ranks. One of the best takeaways from Black Hearts is to never do anything: illegal, unethical, or immoral. Although this is a easy statement to repeat, Black Hearts demonstrates the difficulties that lie behind these words. It has also painted a picture of how leadership can topple extremely quickly from a top down view. The Army is portrayed in a bad ligh t throughoutRead MoreBad Leadership : What It Happens? Why It Matters? Essay957 Words   |  4 Pages Kellerman, B. (2004). Bad leadership: What it is, how it happens, why it matters. Boston, MA: Harvard Business School Press. Barbara Kellerman’s Bad Leadership provides specific accounts on how leaders can use his or her power and influence by convincing followers to conduct immoral and unethical acts. Her book takes a different approach from discussing the positive aspects of successful leaders and details the dark side of individuals. The focus of bad leadership is a valuable lesson forRead MoreJustin Robison, Controller And Cfo For The Housing Trust1319 Words   |  6 PagesNew Mexico. Justin’s leadership style has developed from experience and education, but he appears to still be in the process of really finding what style works best for him. Justin had an insightful view of what defines leadership, what helps motivate his followers, and what makes a good follower. Justin’s leadership style is based on individuals. He truly wants to understand his team members and what motivates them. He said his inspiration for developing his leadership style is â€Å"My worst bossRead MoreLeadership As A Leader s Followers904 Words   |  4 PagesLeadership cannot be universally defined or measured, which makes it challenging to completely understand. Bad leadership is even harder to grasp, because most individuals see the aftermath of their actions, but fail to see that the leader must have possessed some good leadership traits. The topic of leader is interesting because even though more information is needed in this area of study, the topic has been studied for thousands of years. Where once only a few studies were conducted, thousands

The Factors That Have Led To Financial Crisis - Free Essay Example

Sample details Pages: 6 Words: 1818 Downloads: 5 Date added: 2017/06/26 Category Finance Essay Type Research paper Did you like this example? The world had faced two major financial disasters during 20th century. The first crisis happened during 1920-30, which mainly affected the developed countries like Europe and America. Second crisis started in 1997 and stayed till 1999, mainly affected developing economies of Asia pacific. Don’t waste time! Our writers will create an original "The Factors That Have Led To Financial Crisis" essay for you Create order The recent financial crisis which has awakened the whole world mainly resulted from unregulated financial market. It has created serious anxiety because it falls outwards from U.S, the starting point. Alan Greenspan recently called it a à ¢Ã¢â€š ¬Ã…“once-in-a-century credit tsunamià ¢Ã¢â€š ¬?, born of a collapse deep inside the US housing sector. In order to avoid complete meltdown, governments and central banks worked day and night. Trillions of dollars have been allocated to financial institutions by the governments to recover from the crisis in the United States alone Who were the culprits of financial crisis? It is impossible to held just single factor responsible for such a big mass in the absence of other factors. In my research i want to analyse the contribution of each factor but the questions arise in my mind is How did Lehman Brother, the fourth largest investment bank in USA failed? Why majority of financial institutions failed in compare to other institutions? This surly point towards irresponsible activities by financial institutions in their main business à ¢Ã¢â€š ¬Ã‹Å"LENDINGà ¢Ã¢â€š ¬Ã¢â€ž ¢. So focus of my research is to find out the dominant role of easy lending in present crisis along with other factors. The effect of financial crisis 2008 was such sever that even allocating huge amount to address the issues proven insufficient to resolve it. Congress approved $700 billion in response to the problem. Federal reserve spend $1.3 trillion to bail out markets and institution that includes investments in risky assets, loans to bankrupt institutions, sharing such debt which were defaulting at faster rates (Morris, 2008). A further $900 billion were allocated as lending to large corporations (Aversa, 2008), reaching the total of nearly $3 trillion as bailout package so far, without even adding the big amount of corporate debt promised by the U.S government year before the crisis An understanding of the root causes of this à ¢Ã¢â€š ¬Ã…“colossal failureà ¢Ã¢â€š ¬? that has put à ¢Ã¢â€š ¬Ã…“the entire financial systemà ¢Ã¢â€š ¬Ã‚ ¦ at riskà ¢Ã¢â€š ¬? (Woellert and Kopecki, 2008) is necessary to avoid such failures in the future. Number of factors can be held responsible for financial crisis which emerged over number of years. Causes proposed include the following sub-prime mortgages/ easy lending Poor credit rating Failure of regulators Shadow banking Securitization Credit default swap Mortgage backed securities Assets backed commercial paper etc . Aims and Objective Aim of this research is to understand the root causes of financial crisis particularly lending practises as a major factor. Objective To explore the history of financial crisis To evaluate who were the victims and culprits of financial crisis Impact of financial crisis on other countries (UK, USA, India, Japan) What steps are being taken by government to overcome crisis What could be done to prevent repetition of crisis in future? Literature Review: How did we get to this point? Surprisingly it all started from residential mortgages in the U.S. It had become apparent from 2004 that mortgages issued to majority of consumers did not make any rational sense. Situation was more worsted by so called mortgage brokers who issued mortgages to many insolvent consumers in order to generate outsized fees. On other hand new financial vehicles called mortgage-backed securities (à ¢Ã¢â€š ¬Ã…“MBSà ¢Ã¢â€š ¬?) rated by well know credit rating agencies were introduced by Wall Street. These high yielding mortgage-backed securities were bought by investors from all over the world which increased funding for new mortgages. Appraiser ignored all rules to meet the increasing demand of mortgage applications. Federal Reserve board appointed by congress in 1994 to regulate mortgage lenders decided to watch the game from pavilion. Finally as the bubble accelerates, there is necessary reckoning à ¢Ã¢â€š ¬Ã¢â‚¬Å" house prices collapsed. This is how g reediness and irresponsibility resulted into a biggest financial crisis (Schmudde, 2008). Sub-prime mortgages which are always blamed for financial crisis is only a component of the deeper problem. The value of credit default swaps, which was originally estimated to be $55 trillion by the securities and exchange ( 4 times higher then the actual figure) are totally unregulated and majority of them were contracted over the phone without any verification, is the root cause from which all the problems of crisis started (Simon, 2008). Regulators had forecasted the problem of present crisis years in advance were not taken seriously because of the successful business by the same financial institutions which are either bankrupt or funded by the government (Associated Press, 2008). According to Bernanke (2009) and Portes (2009) global imbalances are the fundamental cause of the crisis and it is not possible to fully understand present crisis without considering the issue of global imba lances. As per Jagannathan, Kapoor, and Schaumberg (2009) imbalances in labour supply can assist to understand the present crisis. Acharya and Richardson(2009), and Acharya and Schnabl (2009) argue that banks were suppose to transfer the risks to end investors while securitising, particularly in the case of asset-backed commercial paper and purchase of AAA-rated tranches but they never did which led them to huge pool of credit risks. Schmudde (2009) documents that no verification of consumerà ¢Ã¢â€š ¬Ã¢â€ž ¢s income were done while issuing sub-prime mortgages. Many of them were issued for or close to 100% of the house price. Even borrowers with bad credit history easily managed to get mortgages. This is one of the reasons for huge growth in subprime mortgages which increased from $35 billion to $807 billion between1995 to 2005. According to Bartlett (2008) decline of US subprime mortgage triggered the crisis, the impact of the down fall was tremendous; à ¢Ã¢â€š ¬Ã…“Mark-to-marke t losses on mortgage backed securities, collateralized debt obligations, and related assets through March 2008 were approximate $945 billion.à ¢Ã¢â€š ¬? He further said that it is à ¢Ã¢â€š ¬Ã…“The largest financial loss in historyà ¢Ã¢â€š ¬?, in compared to $780 billion of 1990 Japanà ¢Ã¢â€š ¬Ã¢â€ž ¢s banking crisis, lost accrued from Asian crisis of 1997-98 about $420 billion. . While explaining the reason how did this crisis turn into a global crisis, Khatiwada and McGirr (2008) stated à ¢Ã¢â€š ¬Ã…“Many of these Sub-prime mortgages actually never made it on the balance sheets of the lending Institutions that originated themà ¢Ã¢â€š ¬?; and such mortgages by rating them high were made attractive to world investors, à ¢Ã¢â€š ¬Ã…“when sub-prime borrowers failed to repay their mortgages, the originating institution needed to finance the foreclosure with their own money, bringing the asset back on its balance sheet. This left many banks in a financially unviable situati on, in a rather short, unmanageable timeframeà ¢Ã¢â€š ¬?. According to Mian and Sufi (2008) increased demand for mortgage backed securities led to lending boom which is the root cause of present crisis. Whalen (2008) argues that three main factors are at the root of the problem. First, many companies, banks, and government agencies were encouraged to increase the viability of à ¢Ã¢â€š ¬Ã…“affordable housingà ¢Ã¢â€š ¬? by introducing à ¢Ã¢â€š ¬Ã…“creative financing techniquesà ¢Ã¢â€š ¬?. Second, big number of over-the à ¢Ã¢â€š ¬Ã¢â‚¬Å"counter derivatives and securities were issued by majority of financial institutions due to huge support by the regulators, led to a breakdown in safety and soundness at banks and securities lenders. And the last factor is à ¢Ã¢â€š ¬Ã…“fir value accountingà ¢Ã¢â€š ¬? an ill-advised by Securities and Exchange Commission (SEC) and the financial accounting standards board (FASB) to all public company to change the reporting standa rds. The nationà ¢Ã¢â€š ¬Ã¢â€ž ¢s biggest subprime lender, Ameriquest Mortgage co., gave more then US$20 million as a political donation. Other financial institutions like citigroup inc., wells Fargo co., donated huge amount on political side and on lobbying. This donation helped these institutions to persuade legislators to pass predatory-lending laws which might have contributed to present crisis to some extent (Simpson, 2007). According to Shiller (2008) the following factors played very big role in present crisis: Strategy of home ownership which encourage even those who could not afford one. The link between mortgage originator and receiver of payments broke due to mortgage securitization. Because of this there was no reason for mortgage originator to verify the solvency of borrowers. Many loans were issued at low interest rate or even at zero rates with the use of new financial techniques but afterwards rate were increased too high. Research Methodology Methodology plays a very crucial role in how research will be carried out. Methodology is à ¢Ã¢â€š ¬Ã…“an explanation of why you collected certain data, what data you collected, from where you collected it, when you collected it, how you collected it and how you analysed ità ¢Ã¢â€š ¬? (Collins, 2003). The researcher requires an interviewer or observer skills to gather data in the qualitative methods. This method requires collecting and analysing the data and applying the statistical tests (Riley, 2004). Qualitative research interprets opinion of the people in the sample, their way of looking at the subject, what they feel about subject and the dynamic interpret feeling on the subjects (Guari, 2005). The quantitative method mainly uses research instruments to gather, analyse and measure the data. Quantitative approach is more subjective approach. Quantitative approach includes analysing and reflecting on perception to understand social and human activities (Collins, 2003). The m ain purpose of this chapter is to explain and justify the primary research method which I have chosen to carry out my research. This chapter will also explain the significance of secondary data and state what sources of secondary data i will be using. Source of Acquisition of data Primary data Primary data collection means to collect new data of subjects for specific purpose. The different methods of collecting primary data are questionnaire, interview and sampling (Saunders, 2003). For my research it is very important to get some primary data to understand the topic in practical sense. By taking interview of the head of financial institution, will add extra value to my research and will broaden my understanding of topic as a whole. I will be collecting my primary data through interview with Mr Mitesh Sheth, Deputy Head of Henderson Global Investors. The main focus of interview will be to get their opinion about how did this crisis started, what was there response etc. I am also trying to contact few other key people but too early to mention anything about them yet. Secondary Data Secondary data means data collected previously for some purpose. The main sources of such data are library, internet, articles, business journals, research organization (Saunders, 2003). Methods of data analysis After collecting primary and secondary data the next stage is to evaluate or analyse the collected data. To convert data into graphs will be the easiest way to analyse the data. Hypothesis I will be analysing total amount of lending by US banks to solvent and insolvent borrowers and comparing their rate of default to conclude my research. Work Plan   Proposal submit 21st June literate review 31st July Preparation for interview 5th August Interview of selected person 10th August Analysis of data 20th August Start writing reports 15th September Draft report 10th October Final report October end On successfully completion of my dissertation I hope to come to a positive conclusion. I will utilise all the recourses available to me in order to draw out conclusion. Such as charts, graphs, historical data, interview, questionnaires etc.

Nuclear Energy On The World - 1169 Words

Will Kaelin Professor Michael McCormick Environmental Science B 6 December 2015 Nuclear Energy In Our World Take a look back into time, picture yourself as a citizen of a small, rural town in in Cambria, England in the late 1950s. Other forms of power are expensive and far away. And you don t the finances to move into a modern town. Would you be in favor or against the building of a factory that could give your town jobs, power and much more? I probably know what the majority would say. It all sounds great, but in the long run, we can t just think about ourselves. All around, Nuclear Energy is what people refer to as risky business. Nuclear Energy has many cons of the production and usage of itself such as Radioactive Waste,†¦show more content†¦You would think after what happened in Chernobyl that our world would come to a realization that we do not need this; Yes it is an effective form of warfare that is used commonly on occasions of mass terror, but it needs regulation. According to worldnuclear.com, There are 435 commercial nuclear power plants in 31 countries. To broaden yo ur horizon as to how much of a crucial form of energy this is for our country. According to the United States National Regulation Commission, Currently there are one hundred certified and energy producing nuclear power plants in the United States, there are sixty five Pressurized Water Reactors along with thirty four Boiling Water Reactors ( I assume the USNRC made an error on their website as sixty five plus thirty four equals ninety nine). These plants provide about twenty percent of our countries electricity. According to the NEI (Nuclear Energy Intuition) and many other valid sources, There are other forms of energy that are vastly worse than Nuclear Energy; such as Solar Energy ( Solar Energy is the harvesting of heat and light from new forms of technology such as the use of Photovoltaics ( Photovoltaics is an up and coming procedure in the process of harvesting Solar Energy in which Solar Panels are used to collect Solar Energy from the sun, and turning that Solar Electricity into direct electricity currents by using semiconductors which are Crystalline

The Effect Of The Great Depression Essay - 1500 Words

There is much debate as to what caused the Great Depression. There was certainly the short-term trigger of the Stock Market Crash of 1929, but there are also long-term causes that manifested itself during the 1920’s. Whether it is the shift from coal to electricity that negatively affected those invested with the old technology, or a shift more to trucks and cars to transport goods instead of railroads, or perhaps that farmers were losing their farms because over over-investment during the late 1910’s, many factors can be identified as a cause. But we can also look at the consumer as one of the root causes, as well. Consumer behavior contributed heavily to causing both the stock market crash and the Great Depression. Consumerism and its accompanying advertising exacerbated the conditions that led to the Great Depression. First, consumers spent a lot of their income on new products and they were persuaded to do so through advertising. The 1920’s brought about changes in American culture, like music, sports and literature. But in addition to those, cultural attitudes toward women also began to shift. The double standard that had plagued women was now being lifted and that opened up an entirely new market for businesses (Payne, 33). The advertising industry expanded their targets and utilized what they learned during World War I (from Creel’s Committee for Public Information) in how to not only let customers know what products exist, but to entice and persuadeShow MoreRelatedThe Great Depression And Its Effects1166 Words   |  5 Pages The Great Depression The Great Depression is one of the single most important events in the financial history of the United States and the world; the effects of and leading to the Great Depression lasted for several years (Shindo). The great depression was a very difficult time in the time that it occurred. It hit people hard and left an everlasting memory (Shindo.) It would lead to a lot of devastating events better all over would feel the affect of this crisis. It was a very unexpected and suddenRead MoreThe Great Depression And Its Effects1011 Words   |  5 Pages The Great Depression was a ten year, economic downward spiral in the U.S that spanned from 1929- 1939. The cause of the Great Depression was the fault of several contributing factors. First was the stock market crash that occurred on black Tuesday of October 1929. This was the major cause because stock holders lost more than 40 billion dollars, and although it regained some of its losses, by end of 1930 truly entered the Great depression. Stock prices reached a permanent plateau. 2 out of everyRead MoreEffects Of The Great Depression1329 Words   |  6 PagesEnglish 8 3/12/2015 The Effects of the Great Depression The Great Depression, the worst economic recession in US history. In October 1929 the U.S. stock market crashed. This event is commonly referred to as the beginning of the Depression. The stock market crashed in New York causing the rest of America to fall. It was not just one factor, but a combination of domestic and worldwide conditions that led to the Great Depression. There are many theories of what caused the Great Depression, however, they areRead MoreThe Great Depression And Its Effects2007 Words   |  9 Pagesâ€Å"My parents survived the Great Depression and brought me up to live within my means, save some for tomorrow, share and don t be greedy, work hard for the necessities in life knowing that money does not make you better or more important than anyone else. So, extravagance has been bred out of my DNA.† This quote from a child who was born and raised during the Great Depression is telling us something that used to be true to nearly everybody and is not as true as it should be today. This is an ideaRead MoreThe Effects Of The Great Depression4304 Words   |  18 PagesPaper 2: The effects of the Great Depression By: Christa Dorvil Paper 2: The effects of the Great Depression By: Christa Dorvil Modern World History Instructed by Dr. Stephanie Laffer Miami International University of Art and Design Abstract Never had the flaws of capitalism been so evident or as devastating as during the decade that followed the outbreak of the Great Depression in 1929. All across the Euro-American heartland of capitalist world, this vaunted economy systemRead MoreThe Effect Of The Great Depression1278 Words   |  6 Pagesdebated many times. Welfare has good and bad aspects to it. The welfare system came about when the stock market crashed in October of 1929. The stock market crashing had a huge effect on the economy. Banks started to fail, businesses closed, and thus millions of people lost their jobs. The effect of the Great Depression was crucial. It was particularly hard on the children. President Franklin Roosevelt focused on two topics. One was the most important to him; it was to create jobs for the millionsRead MoreThe Great Depression Effects On America1351 Words   |  6 PagesThe Great Depression had a profound effect on the generation that lived through it, with many people struggling j ust to get by, and the crisis lasted for years. An entire decade was shaped by this event and so were its people. Because of the effects of the Great Depression, essentially everyone had to change their lifestyle and their daily routines. Because of these tough times, the American outlook on life was grim, the Great Depression lasted for over a decade and no one knew when it was goingRead MoreGlobal Effects Of The Great Depression Essay1099 Words   |  5 PagesGrace Young Dr. John R. Dabrowski American History II, AMH-2020-H01 7 December 2016 Global Effects of the Great Depression When the American stock market crashed on the infamous Black Tuesday in October 1929, the resulting circumstances were felt worldwide. This crisis resulted in a devastating economic collapse. The ensuing Great Depression was in fact a global event. The world was not immediately engulfed by this wave of economic decline. The timing of economic events varied greatly among nationsRead MoreThe Effect of the Great Depression Worldwide765 Words   |  3 PagesThe Great Depression was a major economic disaster which left the people of the world shocked. Many countries were already left in a bad position due to the effect of World War I. Countries that bought and sold on the international market were affected. The United Kingdom, France, and Germany were just a few of the affected countries that had a difficult time getting their country back to great economic shape. The United Kingdom finished World War I a few years prior to the Great Depression, andRead MoreEffects Of The Great Depression On Society1500 Words   |  6 PagesAmerican may remember horror stories of the effect the Great Depression had on society. Although devastating it was not the first time workers had the task to endure the financial difficulties of an impending recession. The Panic of 1792, where two situations occurred almost simultaneously which produced the first financial crisis. This was the first time which Americans experienced a bank run when US securities and bank stock prices started to increase. During the Revolutionary war I, the US

Music Piracy Is a Good Thing Free Essays

Music Piracy is a Good thing Pirating music is one of the most common crimes in the world that happens everyday. However, ones you read this essay, I hope you will see this issue from a different perspective, it may not look like such a terrible crime after all. Most successful artists make in the tens of millions every year according to eHow. We will write a custom essay sample on Music Piracy Is a Good Thing or any similar topic only for you Order Now com. If that’s the truth, how badly is piracy really hurting these people? If music piracy is effecting the artist so much then why do majority of the artists are living in mansions bigger than the White House? If pirating music hurts musicians income so badly it would show, and after all this time of pirating music it hasn’t. Music piracy benefits artists more than it hurts, therefore it should be legal. Music piracy is mostly committed by people who are everyday people who have average income jobs and have families who end up being sued by big record companies over downloading music for free. It seems a bit to greedy when you look at the difference in pay between the artist and the people who download the songs. ( †¦) say that the people who pirate the music are more likely to go to the show and buy the albums after downloading music (Ernesto). Also, people who pirate music tracks are very likely to develop an connection to the bands orartists and that will lead to them attending the shows, buying albums and merchandise. When putting this issue in perspective, record companies are just looking for money without any consideration for the ways of getting it. Record companies start suing people who have downloaded music for ridiculous amount of money in attempt to intimidate and scare off the fellons from downloading music illegally. The main groups affected are college kids that don’t have the money. Sarah Barg was a sophomore at the University of Nebraska-Lincoln, Sarah received an email from a label company stating that she owed $3,000 to the Recording Industry Association of America (Bratton). For that amount,, Sarah would be paying $7. 87 for each song. Majority of the songs she pirated were from the eighties and weren’t even relevant anymore, and yet she was battling record company’s in court over them them. Sixty students like Sarah at UNL received the same similar, as well as hundreds sent out to over sixty other universities across the country. Not knowing ow else to handle the situation, Barg contacted her parents and they had to cover her settlement. â€Å"I don’t know what I would have done. I’m only 20 years old,† says Barg. Well over five hundred students across the states have paid settlements to avoid being sued. â€Å"I see it as bullying,† UNL freshman Andrew Johnson says, â€Å"Legally, it makes sense, because we donâ⠂¬â„¢t have the money to fight back. † Johnson illegally downloaded one song and settled $3,000 to avoid being sued for one song. The money used came from the 18 year old’s college fund and he now has to work two jobs to compensate for his losses. The record companies seem to target those can’t fight back. In 2007, major record companies such as Warner music groups, Warner Bros Records, Inc. , and Sony BMG Music Entertainment, tried to sue a young girl from Texas named Whitney Harper for illegally downloading music from file sharing networks on the internet (Malisow). Whitney was at the time was sixteen years old and was being sued for a minimum of $750 per song when Whitney downloaded thirtyseven songs. That is a little over $20,000 and she is only sixteen years old. Harper tried to use the Innocent Infringer Act that would reduce fees to $200 per song. In order to accomplish that, Harper had to prove she was unaware of the copyright laws by claiming that the copyright notice placed on cds were not on the file sharing networks on the Internet therefore she was unaware. The companies referred to the sixteen-year-old as a â€Å"long term massive infringer† of copyright laws. Harper warned that if the companies won the case that downloading music off the Internet could never be innocent infringement. The Harper case is one the few after many years still going through federal court. The companies had stated they were going to begin transitioning away from suing individuals and find better means of fixing the issue. After years of record companies using an intimidation method to fix the pirating problem, it got them nowhere because the amount of pirates only went up, and the efforts by the companies were in most cases useless. According to the Wall Street Journal, they attempted suing many single mothers, a thirteen-year-old girl, and a dead peope. The new approach is for the companies to work with Internet service providers and when music is eing pirated the user receives a warning that they will lose Internet service if they continue(WSJ. com). The companies still reserve the right to sue if someone is a heavy violator or has ignored several warnings, but even with this new system, it still seems like the companies are only out for money, but in an attempt to escape negative attention from the media, they change their approach. According to The Independent, peo ple who illegally download music also spend more money on music, concerts, merchandises than anyone else. The Secretary of State for Business, Peter Mandelson, stated that the record companies new approach to crack down on illegal down loaders by cutting off internet service could potentially harm the music industry more than help it. â€Å"The people who file share are the ones who are interested in music. They use file sharing as a discovery mechanism. † The artists also have mixed opinions over file sharing, some such as James Blunt and Lily Allen are anti-piracy and Shakira is pro-piracy(Shields). Sites have come out with monthly bills for unlimited music plans that seem fairer. Some artists don’t feel affected by file sharing and support the fact that piracy creates a bigger fan base for them. Bands like Angels and Airwaves have produced free records so copyright wasn’t an issue. They figure that the fans will still come see them play and record sales aren’t the only thing to being in a successful band. Some artists don’t seem to realize that. Most artists make plenty off of record sales even with a piracy problem, so court cases and law suits on everyday people by record companies seems a bit greedy and selfish. Even with the new laws, they are still pushing to stop this unstoppable problem. Today music piracy is referred to as a dead issue. Most cases that are still pending are being dropped. This year a $54,000 fine on a single mother of four was dropped by the U. S. District Court Judge, Micheal Davis, who stated piracy is â€Å"no longer monstrous and shocking. The need for deterrence cannot justify a two million verdict for stealing and distributing twenty-four songs for the sole purpose of obtaining free music†(physorg. om). Thomas Rasset was convicted in 2007 and was ordered to pay $220,000, but the judge who presided over the trial called off the verdict, saying it was â€Å"wholly disproportionate and oppressive. † Her case was one of the thousands that had actually made it to court. In 2011, with new laws, these cases should not be forgotten about. The people who lost cases should be compensated and apologized to because they did nothing other than have an interest in the artist. How to cite Music Piracy Is a Good Thing, Essay examples

Life in the Shadow A Article

Question: Describe about the Life in the Shadow for A Article. Answer: Tremendous changes in technology have brought ways of doing things. The reproduction of human beings has evolved especially after of clones. Clones are copies of people with the same genetic composition. Cloning was done successfully in sheep (Dr. Wilmut 1997). Successful cloning was after that established in human and was successful. It gave identical copies to the original people. This Act was very controversial as people argued whether it was wrong or right to do cloning of human being. Later the cloning was abolished in many countries as it was seen unethical and with man problems. Life in the shadow was an argument that exposed the effects of human cloning. Firstly, that cloning provided the clones no choice but to live the lives of the original copies. If the original copies lived a life full of problems and not very good, the clones had no option but to have same life or not have any life at all. Secondly, the argument suggested that clones but put up for adoption to avoid knowledge of the original copy to the human parents of the clone. These both arguments are confusing. It doesn't make any sense to have a clone and place it for adoption never to see it again. Were it not for the genes of the original copy the clone could not exist and therefore, the life of the clone depends on the original and should be appreciated no matter the case. It is evident nothing that cloning of human beings is important in several ways. An infertile couple can use cloning to have babies which they are related to them genetically. These will help the couple avoid marriages problems caused by lack of children. Technology has led to the emergence of gays and lesbians' marriages and therefore, if the couples want children they may use cloning to get children they are somehow related genetically, and this reduces loneliness among the couples. Marriages were one of the couples has a hereditary disease the cloning can help the couple get children who are not sick with the disease. Cloning can be lifesaving as it may provide organs for transplant. These acts as a transplant donor insurance. The patients can get the body parts from the clones since they are genetically identical. The organs can be the heart, eyes, lungs, etc. (Kahn 1989). The death of loved ones I very painful and therefore cloning may help the family get a copy of the dead pers on, and this can console the family. The family can have a company of the same copy of the deceased, and they may never feel the loss. Great people can be cloned to provide their copies to ensure their character traits are expanded and used within a wide range. Doing cloning is a great achievement has it shows the development of the scientific knowledge, and this is a good gesture of what innovations may arise in the future. These demonstrate the possibility of increase medical welfare where all diseases will have a cure. Cloning has many challenges despite the advantages people perceive in the modern world. Cloning of genius and talented people is good, but there is no assurance that the cloned person will have the same attributes. The clones are entirely different from the original copies. (Thomas 1994). Cloning people for scientific knowledge is unethical. Clones cannot be human subjects of research. These very wrong as they grow with no consent on the behavior and character trait. Reproduction freedom is paramount to ensure that the children born free to control what happens in their lives but not to be tied to actions of another person (Walter 1982). People also have a right to live not to be exploited, imagine people or government made copies of a person with limited abilities they may end up using them as slaves (Huxley 1932). Also, clones of evil leaders like Hitler would make the world very peaceful place. Cloning exposes the clones to psychological distress. The parents of the clones expect them to behave like the original copies and this may not be the case. Problems may arise as the clones have pressure to accomplish what is by the original copies (Rainer 1978). Cloning in animals is efficient and safe but I don't this can be done to the human. The man is prone to error and tenancy to find more. The risk to clones can arise where the experts use them as subjects of research not knowing that they are human beings and deserve better lives just as the other people (Pollack 1993). Human life is sacred and unique; the emergence of clones may render human life useless as people can have a replacement. The clones can be used as substitutes if the original copy has problems. The government may kill vocal individuals who bring problems and create identical copies which they can manipulate to their desires. Since the human life through cloning loses value, individuals, and the government may spend more resources in cloning and neglect the critical and social need of the people in the society. These can lead to poor living standards and underdevelopment of countries. (labor 1984 Callahan 1993). The world is full of business persons who use every opportunity to create a market with the aim of making more profits. In the modern society, cloning is for commercial gains, and this may degrade the activity. People and organization may use the activity for financial gain. The business world there is a bargain, and we know that the best quality products are costly. Although the costly are the best as the customer, you can get goods and services according to your pocket size. When cloning becomes a business, this may mean that the quality of clones may is small, this can create a great danger to the clones (Turner 1981). Programs of eugenicists like Herman Mueller earlier in the century to impregnate thousands of women with the sperm of extraordinary men, as well as the more recent establishment of sperm banks of Nobel laureates, have met with little or no public interest or success (Adams 1990). People prefer sexual means of reproduction, and they prefer to keep their biological ties to their offspring. Clones are not allowed to growth freely as their strings attached to them. The expectations that the clones with being like the original copy both regarding appearance and behavior. In the modern society there are many vices, and therefore, the clones can be used to commit fraud or criminal activities. Making a copy of a famous person without their consent, for example, a leader may be used to tarnish his name or do a criminal activity with his copy. The clone will be utilized as toys and manipulated as to the people's desire. The act of using the clones as sources of body parts for human transplant is using them as spare parts, and this is immoral since they are people just as us with brain and heart. Cloning dead people may traumatize the people. Imagine seeing your dead friend or wife again, and you surely buried the person. These very horrifying to the public. Clones and the original copies may have conflicts. Clones look similar and with almost same behaviors as the original, an d this may bring competition. Twins born may not look similar but almost end up competing as it is human nature to feel superior to the other and this may cause high dangers. People tend to treat clones as not human which is very wrong, before the abolishment of cloning, clones were locked up to be used as spare parts to the original copies, and this was inhuman. In the case of any disappearance, are killed after being found. Despite the abolishment of cloning am sure it has not been done completely as secretive cloning takes place where influential people try to make their copies to live long. Humanity is if full of wickedness and people always tend to love the prohibited things. It is right that cloning is a great achievement to the world of modern science but the problems it can cause to the world are a lot. Limitation of cloning is necessary to prevent the streets being full of the similar person, and the ability to differentiate would be impossible. Countries can clone more sol diers, and the ruthless leader may clone their copies to use for body transplant not to ever die. It would be catastrophic. Cloning is a great thing but threatens the race of humankind. Through it, the people may be extinct. Imagine the world in which anyone has a copy of himself or herself. The clones and the original copies may engage in the war of superiority. These may be a battle of fighting our shadows. It is unknown how the clone may turn up to be regarding behavior as not all the time they are similar to the original clones. Scientists may create monsters not knowing, and this can be a great tragedy to the world. Human beings are not subjects to experiments as life is paramount. Clones of animals are enough, and scientist must be satisfied with that. Everything scientifically modified has effects and therefore the clones might have significant effects which can be very dangerous. Also, human cloning would result in persons' worth or value seeming diminished because we would now see people as able to be manufactured or "handmade." This creation of human life would reduce o ur appreciation and awe of it and its natural production. It would be a mistake, however, to conclude that a human being created by human cloning is of less value or is less worthy of respect than one produced by sexual reproduction. The argument life in the shadow is morally decisive as it tries to point out the reasons against cloning. The case gives the basis of seeing what reproductive human cloning is despite the fact that it is not in depth to give room for the conclusion that it is wrong completely. Truly, human reproductive cloning is necessary but also has many problems that it is likely to create in future. It should be therefore observing critically to see whether to be allowed in future or not. I strongly disagree its allowance in future as a human being don't follow the rules and regulations laid down. People are primitive and despites steps put for executing cloning they may end up not following them. It is better to prevent something than to cure as the repercussion may be great and far reaching. Sometimes the cure is never found for some incidence and therefore prevention is the best mechanism to be undertaken in the case of the cloning issues. It is both immoral and has many unethical matters that reduce the human dignity. Life should be treated with care and respected by all people for better future. Due to most moral reasons against doing human cloning remain speculative, they seem insufficient to warrant at this time a complete legal prohibition of either research o n or later use of human cloning. Legitimate moral concerns about the use and effects of human cloning, however, underline the need for careful public oversight of research on its development, together with a broader audience debate and review before cloning is done on human beings. Cloning should be a campaign against and live seen as complete with no amendments ready to be done with it. Scientists should involve themselves in research to improve the living standards of people not trying to make copies of them. Human beings are not like movies or songs to be controlled and reproduced at anyone's discretion for personal benefit. 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