Fin USD

Morgan is one of the world's leading global investment banks, with the client from corporations, governments, states, municipalities, healthcare organizations, educational institutions, banks and iinvestors sector around the world. It is also well known for providing Securities Services, Asset Management, Commercial Banking, Private Banking and treasury services.These different financial services are offered to their customers maintaining an ethical standard as well as having employee commitment in the workplace. It is such kind of financial service provided that is committed to optimize efficiency, mitigate risk and enhance revenue with is valued assets. Despite of being such a reputed company for such a long time the in May 2012 they incurred loss of 2billion USD in the first quarter. Besides these, they are also assuming that this loss with increase by another $1 billion in the second quarter. After incurring the loss their share piece falls by 7% a day.They fall down from Credit Rating (AA-). They lose the market and customer's satisfaction. Few institutes are investigating on such loss in the financial market. The U. S. Security Exchange Commission is having a preliminary investigation into JPMorgan's accounting practices and public disclosures about the trading loss. Besides these the U. K. ‘s Financial Services Authority examined the role London employees played in the loss. In the end, one of the executive of the bank claimed that the loss was originated from he firm's Chief Investment Office (CIO).The Wall Street Journal reports a trader at J. P. Morgan known in the market as the ‘London Whale' made large bets on credit derivatives. Iksil used a little-known index of 125 firms – CDX IG 9, which iincluded the Campbell Soup Company and Walt Disney. They based their estimates on the trades and price movements of credit default swaps – complex instruments used as a type of insurance against companies defaulting they witnessed as w ell as their understanding of the size and structure of the markets. J. P. Morgan says his unit is meant to ‘hedge structural risks'.The failed hedge likely involved a bet on the flattening of a credit derivative curve, part of the CDX family of investment grade credit indices, said two sources with knowledge of the industry, but not directly involved in the matter. JPMorgan was then caught by sharp moves at the long end of the bet, [it] said. The CDX index gives traders exposure to credit risk across a range of assets, and gets its value from a basket of individual credit derivatives. In essence, JPMorgan made a series of bets which turned out very, very adly. proprietary trading†, using their own cash to take bets on financial markets. The 2007-09 financial crisis originated in the deterioration of traditional home mortgage lending, as opposed to banks' short-term trading of exotic financial instruments for profit. Proprietary trading has a bad image because it's so ea sily likened to gambling. The JPMorgan trading losses come at a difficult time for the international banking system as it faces up to risks linked to the Eurozone debt crisis and international economic uncertainty. J.P. Morgan lost the money by betting its own capital†albeit while â€Å"hedging† risks† much of the discussion since the news has been on the â€Å"Volcker rule,† which bans banks from trading for themselves rather than their clients. JP Morgan started buying share for their own rather than their clients. So when the rule is announced then they fall in big trouble. This is also led them to incur the huge loss. In a conference call disclosing the problem on Thursday, Dimon said the $2 billion in losses could rise by a further $1 billion.However a 2 billion dollar loss for JP Morgan is nothing compared to their total exposure of over 70 trillion dollars. Overall, the 9 largest U. S. banks have a total of more than 200 trillion dollars of exposure to derivatives. That is approximately 3 times the size of the entire global economy. So let's not make too much out of this 2 billion dollar loss by JP Morgan. This is Just a preview of coming attractions. Soon enough the real problems with derivatives will begin, and when that happens it will shake the entire global financial system to the core.

Article Example | Topics and Well Written Essays - 750 words

Article Example The approved measured was very controversial because it went against the principles of free trade. The U.S historically has prided itself in being a country in favor of free trade. The purpose of this paper is to evaluate the tire tariff on Chinese imports and to determine the impact of this policy. The U.S. government and President Obama promised the American people that they would protect the country against the threat the Chinese economy poses. I agree with the President’s decision to impose a tariff on Chinese tire imports. The reason that I believe this was the right decision is because the tire industry in the U.S. had reached a point in which it needed governmental intervention to salvage a dying industry. Between 2005 and 2009 the U.S tire industry lost 5,000 jobs. The tire industry is a byproduct of the automobile industry. The U.S. has always prided itself in the accomplishments of the Big 3 automakers. The policy to protect the U.S tire industry by imposing a tariff seems like a logical move because Chinese imports were cannibalizing the U.S. market. During the last five years Chinese imports of tires had tripled in volume. The new tariff on Chinese tire imports benefits the U.S tire manufactures that have operations in the United States territory. ... This new policy should help ignite job creation in the U.S. tire industry. Another stakeholder group that benefits from the policy is low price tire manufactures outside of China. The group that is hurt the most by this policy is Chinese tire manufactures. Another stakeholder group that is potentially hurt by this policy is the consumers of tires because they will not able to purchase Chinese imported tires at rock bottom prices anymore. The decision to impose a tariff on Chinese tires was a difficult one because the U.S. typically does not believe in the use of protectionism. Protectionism can be defined as the government’s placing of tariffs or quotas on imports to protect domestic industries from global competition2. If the government were to impose tariffs of all goods imported into the United States then the U.S. would be in complete violation of the WTO and it would not be promoting free trade. Another negative consequence of imposing tariffs on all goods imported is tha t it would raise the prices of all consumer goods which would lead to inflation and higher cost of living for the American people. If tariffs were imposed on all items coming into Broward County my life would be very different because I probably would have to get a second job just to pay for my living expenses. The prices of consumer goods would skyrocket at Broward County. Governments often have to make tough decisions that may have political and economical backlash. President Obama made the right choice to impose a tariff on Chinese tire imports because China was cannibalizing the market by flooding it with millions of cheap tires. The excess amount of cheap tires in the marketplace was hurting this industry as American companies could not make a profit due to the

Education experiences analysis Assignment Example | Topics and Well Written Essays - 1000 words

Education experiences analysis - Assignment Example By embracing the inquiry-based concept of education, students are in a position to not only easily comprehend what is taught in class but they also become creative and more knowledgeable (Freire 1). It is therefore evident that inquiry based education is better than the banking mode, this is because students tend to gain more knowledge, overcome authoritarianism and hence succeed in life. To begin with, when I was in high school back in China, my school had very strict measures unlike what I experienced when I moved to US for my further education. Unlike the US education, in China students are normally required to study for 15 hours on a daily basis in addition to being loaded with assignments to do them from home and submit them the following day. Although in China we are very good when it comes to exams, it is the exact opposite when doing laboratory tests. In China, one was termed a loser if he or she scored less than 85% in the exams. This is because unlike in the US where students conduct lab tests during chemistry lessons, In China we never had lab classes. This is because teachers never saw the need for wasting time in the lab instead of just memorizing all the procedures from class. In my opinion, comparing the mode of teaching in China and the US, United States method is far much better because students are not allowed to memorize for the sake of passing exa ms, instead they do their own research and come up with results that are then discussed in class. In addition, according to my opinion, the banking mode of education should be abolished in learning institutions and in its place be replaced with the inquiry-based concept of education. The banking concept never allow student to do in-depth research. for instance, if the teacher says that the multiple of two and two is equal to four, these students will only memorize this statement and deposit it without even

Online Writing Lab Essay Example | Topics and Well Written Essays - 750 words

Online Writing Lab - Essay Example You, I believe, would also be experiencing the same difficulties with language and culture that all people coming from other countries face during the early days adjusting in the new environment. The matter doesn't get any easier especially for an immigrant coming from a developing and a Muslim country like Pakistan in our case. Locals looking at us with a suspicious eye, jobs not easy to secure, investigation teams just around the corner waiting for us to make a wrong move etc are some of the problems that we have to cope up with. Apart from this there comes the problem of communication gaps that exist between the locals and people like us who use English as a second language. Writing applications, interview letters, and even writing and speaking simple words may elicit negative and undesired feedback due to inappropriate usage of grammar. Sometimes using correct sentence composition may land us in trouble since the usage did not convert to the same context in the local's minds due to cultural differences. Having experienced these issues myself, I have some encouraging news for you about how to avoid landing into tricky situations in front of your peers. Leafing through my computer files yesterday I found my solution to the cultural and language problems I had faced during my initial days in the United States. The solution was a simple Online Writing Lab called 'OWL' for short. An OWL is an always available facility which provides you free writing resources and instructional material on the internet. It is a portal where students, members of the community, and global users can find information to assist them with many writing projects while teachers and trainers can use the material for in-class and out-of-class instructions. Every country has its own set of rules and expectations about the ways to communicate in a business setting. In some countries, they may place less emphasis on written materials and more emphasis on verbal communication. However, in the United States, memos, letters, and emails are important and play a role in creating a person's business reputation. The 'OWL at Purdue' has a special section relating on how Non-Americans should go about writing for a business audience. It includes information on how to approach a topic by getting to the point, to keep the message simple, how and when to use active and passive voice with special emphasis on nondiscriminatory language, and a guide on using verbs rather than keeping the message vague. The best part of the Online Writing Lab is that it provides a teacher-student relationship as in a school yet a completely professional online environment just like in the case of distance learning. You can write a letter for your business purpose, but send it first to your teacher at the OWL from where you will receive instructions and training on how to improve your business writing. As a result you can then send the convincingly written revised letter for the business purpose you initially intended and get a firm response. Not only this, there is a lot more available on their website including basic formatting and referencing styles for business reports, demo letters and memorandums, and writing guidelines. Your reputation remains safe while all the time you learn how to make your writing skills even better. And while your writing skills improve, you are assured that your spoken language gets better. Your convenience is the key here. You can send emails, write letters or memos, and make corrections and revisions all at a

Religion and Theology. Hinduism and Buddhism Assignment

Religion and Theology. Hinduism and Buddhism - Assignment Example It was not until the 19th century when the British colonial administration in India started referring to Hinduism as a form of religion. Hinduism was used as a description for the various religious beliefs and practices of the majority of Indian people (Rinehart, 2004). Despite the dynamics that he religion has undergone, the religion is believed to be more than 4000 years old, tracing bhack to the early Indian valley civilization. Traditionally, the religion is believed to be timeless, as the old people found it in practice. Fundamental spiritual beliefs Hindus believe in in one Supreme Being according to their traditions is both imminent and transcendent. According to the Hindu religious beliefs, the Supreme Being is both their creator and is of Unmanifest reality who deserves their respect (Rinehart, 2004). The Hindus believe in the divinity of the four Vedas, which are the oldest and most ancient elements of scripture in the world. Further, they venerate the Agamas as revealed in an equal measure. They treat these as primordial hymns of God which forms the bedrock of Santana Dharma, a form of an eternal religion. According to the Hindu beliefs, the soul reincarnates, evolving through many beliefs. However, the reincarnation trend stops after the resolution of all karmas. They also believe in moksha, which is the liberation from the rebirth cycle that takes place after the end of the reincarnation process. Since the process is continuous and evolutionary in every soul, not a single soul can be denied of its destiny (Fisher, 2014). Spiritual Practices of Hinduism In Hindu, an individual’s personal spiritual practice is referred to as sadhana which is used to refer to the means of accomplishing individual goals. It recognizes adhikara, which means that every person holds a very unique position in life that is different from that of other people. Therefore, God exists in different forms, which gives people the freedom to feel attracted to one God and lea ve the rest. Similarly there are different forms of yoga, just like there are different forms of God, which are not similar to one another. Therefore, the Hindu spiritual practice varies from one person to another. Spiritual practices to the include prayer, meditation, going on pilgrimage, bathing, fasting, practicing acts of charity, chanting mantra, reading of the scripture and performing ones’ daily work. How Hindu is practiced today Many Hinduism traditional practices have remained to date (Fisher, 2014). However several adjustments have been made to suit the religion in the modern context. For instance, in schools years, Brahmacharga is a common practice that focuses on instilling knowledge and developing the character of the people. How Hindu is practiced around the world Due to immigration to different parts of the world, the Hindu religion and its practices have also spread all over the world to areas such as Nepal, Bangladesh, Sri Lanka, Guyana, Trinidad, Tobago, Fij i, Mauritius, among others. Rinehart (2004) points out that the various practices of the religion practiced in these areas include sadhana, which is an individual practice of cultivating spirituality and Japa, which is a silent or an audible practice of repeating a mantra. Buddhism Origin It is believed that Buddhism originated from the teachings of Siddhartha Gautama, who was known as the Buddha in the years between ca 624-544. In his teachings, Gautama was opposed to the idea of man having an immortal soul. Moreover, his teachings did not touch on any Supreme Deity. In his teachings, Buddha insisted that man could overcome greed, hatred and delusion to attain enlightenment practicing the Four Noble Truths and

Is Multiculturalism good for Britain OR How important is the UK Essay

Is Multiculturalism good for Britain OR How important is the UK economy in shaping British society - Essay Example It has been hugely appreciated and encouraged for long, however, in today’s scenario of terrorism, especially after 2001 riots and 7 July bombings in Britain, multiculturalism is highly questioned for its reliability and its continuity as policy in future. There are many concerns but most important highlight is the segregation rather than integration of cultures due to multiculturalism. This paper studies the different perspectives about multiculturalism and its background briefly in order to determine whether it is good for Britain or not. For understanding multiculturalism in Britain it is crucial to define multiculturalism in its simple and genuine meaning as Sivanandan (2006) stated: ‘Multiculturalism simply means cultural diversity, and that diversity can either be a good thing, leading to integration, or a bad thing, leading to separatism. It is the socio-economic context and the country’s policies that determine the direction in which multiculturalism develops.’ In order to decide whether Multiculturalism is good or bad for Britain, it is crucial to understand the beginning of multicultural Britain. Despite the classic definition of Roy Jenkins’, ‘Integration is not a flattening process of assimilation but equal opportunity accompanied by cultural diversity in an atmosphere of mutual tolerance’(cited in Sivanandan 2006) racial discrimination continued to flourish in employment, social services and other areas and mutual tolerance was destabilized by self-interest of politicians who used anti-immigration agenda for getting votes. Cultural diversity is not any of the government’s decree but an expression of unified struggle and a joint fight of people from different communities, faiths, religions and locals. They were Asian, Afro-Caribbean and Whites who achieved unity in diversity which led to the government’s initiative of anti-discrimination legislation in Race Relation Acts of 65, 68 and 76.This was the t rue

History Essay Example | Topics and Well Written Essays - 250 words - 45

History - Essay Example Hence, implying its recognition usually ceases when one abandons the position since the power’s basis is merely from delegation meant to oversee execution of certain responsibilities. Shihuangdis reign besides his power, which was inherent in him, he managed to unite China from diverse seven warring regions to a single state prior subdividing it again (ONeill 27). Besides, utilizing dictatorship like other rulers, for illustration, Egyptian pharaohs and Persian rulers, he was exceedingly wise and diligent in all his undertakings. This was evident especially in the way he managed to homogenize the then seven regions into one state by advocating the use of a common currency, writing and devising similar measures of scale (ONeill 35). Additionally, while still alive, he came with a plan to prepare his magnificent tomb for 36 years by compelling approximately 1,000 builders, which was not comparable with any other ruler of his time (ONeill 28). Shihuangdi’s reign, its basis was not on reverent power like other rulers who according to their subjects represented gods in their lands (ONeill 34). Hence, being the recipient of all the admiration coupled with divine obedience from the natives who used to see them as close to gods. Shihuangdi’s power was charismatic, which he earned by exemplary wisdom and diligence in the manner he executed numerous roles as a king. Shihuangdi’s autocratic rule especially on his enemies whom he wanted to bring under his power was similar to other early rulers (ONeill 35). Mainly, this technique was to conquer weak territories, which proved rebellious and could augment their military power in the future thus become a threat. Besides, Shihuangdi ensuring funeral arrangement ready for his end time, he was also eager to seek immortality, though deeply aware that was impossible (ONeill 35). This is evident especially in the way he sends trusted people to seek immortality for him in other states but fails to return