The Economy, Monetary Policy and Monopolies Essay

The Economy, Monetary Policy and Monopolies - Essay Example For instance, in 2007 the interest rate was recorded to be approximately 5% which decreased to below 1% by the end of 2009. Since then, till the current phase of the economic conditions prevailing within United States the interest rates has been recorded below 0.5% which shows further decline in the country’s financial market (US Department of the Treasury, 2012). Inflation Rates Fig.2: US Inflation Rates 2002-2012 (US Inflation Calculator, 2012) The inflation rates of the United States which was recorded as 4.1% during the year 2007 which further declined to 0.1% by the year 2008. However, it augmented to an average of 2% within the period of 2009 to 2012. This indicates that in terms of inflation rates the economy is regaining its stability performing almost similarly as during the period prior to 2007 (US Inflation Calculator, 2012). Unemployment Rates Fig.3: US Unemployment Rates 2007-2012 (U.S. Bureau of Labor Statistics, 2012) In relation to the above represented statist ics, it can be observed that United States witnessed an unemployment rate between 4-5% during 2007-2008. This further augmented to above 8% by 2012. This indicates that the economy had been witnessing a continuous de-gradation of its employment situation in the labor market over the past five years (U.S. Bureau of Labor Statistics, 2012). 2. Propose two (2) strategies that the federal government could implement that would encourage people to spend more money in order to create employment opportunities. Financial Leverage Financial leverage can be considered as one of the effective sets of practices in which the Return on Equity (RoE) is increased through the escalating rate of debt amounts. With this concern, the federal government of the U.S. should be focused on magnifying the amount of RoE even in situations when debt amounts tend to be increasing. Therefore, the financial strategy of the federal government should consider the investable assets related to the amount of equity as it would promote financial growth (Financial Literacy and Education Commission, 2011). Financial Decision Making and Financial Literacy Strategies related to the augmentation of financial literacy and effective decision making process would further provide competent direction in relation to financial education, policy, research, practice as well as coordination among the stakeholders, investors and other financial institutions. Moreover, effective forms of financial education and decision making process would offer the benefits of evaluating the risk of interest rates and provide an effective way to trim down the debt amounts (Financial Literacy and Education Commission, 2011). 3. Identify a situation in the past 50 years in which the government used antitrust policies to stop a monopoly from occurring. Include the circumstances of the proposed monopoly and the reason the government stepped in. Predict what would have occurred had the monopoly succeeded. Various antitrust policies h ave been implemented by the US government over the past decades to prohibit unhealthy competition in terms of monopoly within its national business environment. One of such Act can be identified as the National Cooperative Research Act of 1984 (15 U.S.C. Â § Â § 4301-05). The reason behind implementing this act can be

Fire Protection Systems Research Paper Example | Topics and Well Written Essays - 1750 words

Fire Protection Systems - Research Paper Example Automatic activation can also occur in several forms, designed to a number of physical changes associated with fire. Such devices include heat detectors, smoke detectors, flame detectors, fire gas detectors and water flow detectors. Modern innovation can use cameras and computers to analyze the visual signs of fire and movement in applications inappropriate for or hostile to other detection methods (Greenman, 2003). Notifications from fire alarms to alert the occupants of the need to evacuate premises or take appropriate actions due to fire emergencies can be in audible, visible, tactile, textual or even olfactory (odorized) forms. Emergency signals are automatically intended to be distinct and understandable in order top avoid confusion with other signals. The Temporal Code 3 which chimes three times at one-second intervals, stops for one second the repeats is the most common audible in the modern fire alarm system. Other methods of audio alerts include audible textual appliances, continuous and voice evaluation. In some fire alarm systems especially in high-rise buildings, arenas and other large facilities such as hospitals where total evacuation is difficult to achieve, emergency voice alarm communication systems (EVACS) are used. This voice based system allows personnel to orderly evacuate and notify occupants in such crowded buildings. Strategically too, especially in high-rise buildings, depending on exact location of fire, different evaluation messages may be played on each floor to facilitate orderly evacuation and saving of lives (Jones, 2009). New codes and standards have enabled alarm system manufacturers to expand their systems voice evacuation capabilities to support trending requirements for mass notifications including possibility of multiple types of emergency messaging. To serve those with disabilities too, emergency communication systems have visible notification along with audio. Mass notification systems

Corruption between inmates and correction officers Term Paper

Corruption between inmates and correction officers - Term Paper Example Interestingly, there is no formal definition of correctional corruption. However, the penal codes define corrupt acts to be: acceptance of honorarium, bribery, accepting sexual favors and improper influence; but, they do not authoritatively describe what constitutes corrupt. Corruption is always evident as an abuse of power, whereby individuals presume that the use of power leads to the achievement of a purpose other than what it granted. In correctional facilities, there are instances of promotion or hiring of a less qualified staff based on their relation with the supervisor. Some of the inmates may receive preferential treatment from the security personnel on the grounds that they serve as house trustees. A group of inmates may be denied their civil rights or privileges because of their faith or religion (Souryal, 28). On the other hand, use of oppression is also a form of corruption that is evident in correctional facilities. A warden may pile up charges on an inmate or an office r, which they did not commit, because of ethnicity or race. In some instances, officers and inmates may experience physical abuses, which are permitted by others, due to their different lifestyles. In the prison context, there are three metrics which generally define corruption, that is, Acts of Misfeasance, Acts of Malfeasance and Acts of Nonfeasance. Acts of misfeasance are the illicit acts, which the correction officers are supposed to undertake, nonetheless, they willingly contravene for personal gain. These acts are more often than not committed by high-ranking officers in the correctional hierarchy or by outsiders, who are linked to the prison facility through professional or political appointment. Generally, acts of malfeasance are committed by prison officers at the middle or lower management levels. These acts involve acts of misconduct or criminal acts, which the officers intentionally commit in violation of agency rules and regulations and/or state laws (Souryal 29). Acts that are in this category are trafficking of contraband, embezzlement, extortion, official oppression and the exploitation of inmates or their families for goods, money or services. Lastly, acts of nonfeasance involve avoidance or omission knowingly committed by prison officers who are responsible for undertaking such acts. These acts are common in the correctional facility despite an officer’s rank. There are two types of nonfeasance: an officer ignoring a prisoner’s violations of the institutional laws and the failure to report other officers of misconduct as a repayment of an earlier favor or personal loyalty. Additionally, there are other metrics that can be used to measure corruption in correctional facilities, which are drawn from the Path-Driven Taxonomy of Corruption Metrics. It is composed of four metrics, which are: Political-Economic-Social (PES) metrics; Public Administration (PA) metrics; Citizen Engagement (CE) metrics and Cultural (CU) metrics. In the c orrectional facilities context, the PES metrics will examine the general conditions and draw a parallel between situations or events, which make the occurrence of corruption to be very high in the prevention stage. In addition, it will also measure the existence or insight of existence of corruption in the correctional facilities; its different units and partners in the detection stage of corruption. Furthermore, the metrics will also focus on the perceived or existent actions to fight

The Influence of Organized Crime Research Paper

The Influence of Organized Crime - Research Paper Example organized crime groups seek to develop social control in particular communities and exert influence through corruption and violence in order to attain status and political power. Siegel (2012) points out that transnational organized crime is a significant threat to economic growth and political stability in the US since the criminal networks infiltrate the financial and security sectors of the economy through corruption and coercion. The criminal activities such as money laundering and racketeering undermine the free markets while corrupt deals challenge the rule of law, judicial systems and transparency (Mallory, 2011). The international drug trafficking organizations that operate within the US promote kidnappings for ransom and extortion activities in other countries and finance terrorism-linked organizations. Organized crime influence American politics and economy through corruption, gambling, racketeering, narcotics trafficking, cybercrime and political intimidation. The organized crime networks have facilitated illegal human smuggling in to United States since these groups smuggle terrorists, fugitives and criminals in order to expand their criminal activities. The smuggling of persons from South American countries to the US generates about $ 6.7 billion of illicit proceeds annually (Siegel, 2012). These groups are also responsible of weapon trafficking from the US to other instable countries such as Somalia, China and Mexico. The organized criminal groups have entered in to intellectual property theft that has seen imitations of the high-end devices and manufacturing processes intellectual property theft causes business losses and threatens US competitiveness in international trade (Albanese, 2014). The criminal networks pose a serious threat to the US financial and trust systems since cybercrime networks have led to billions of losses in the financial infrastructure. Cybercrime has eroded the citizens’ faith in the digital systems and electronic payment

Corruption between inmates and correction officers Term Paper

Corruption between inmates and correction officers - Term Paper Example Interestingly, there is no formal definition of correctional corruption. However, the penal codes define corrupt acts to be: acceptance of honorarium, bribery, accepting sexual favors and improper influence; but, they do not authoritatively describe what constitutes corrupt. Corruption is always evident as an abuse of power, whereby individuals presume that the use of power leads to the achievement of a purpose other than what it granted. In correctional facilities, there are instances of promotion or hiring of a less qualified staff based on their relation with the supervisor. Some of the inmates may receive preferential treatment from the security personnel on the grounds that they serve as house trustees. A group of inmates may be denied their civil rights or privileges because of their faith or religion (Souryal, 28). On the other hand, use of oppression is also a form of corruption that is evident in correctional facilities. A warden may pile up charges on an inmate or an office r, which they did not commit, because of ethnicity or race. In some instances, officers and inmates may experience physical abuses, which are permitted by others, due to their different lifestyles. In the prison context, there are three metrics which generally define corruption, that is, Acts of Misfeasance, Acts of Malfeasance and Acts of Nonfeasance. Acts of misfeasance are the illicit acts, which the correction officers are supposed to undertake, nonetheless, they willingly contravene for personal gain. These acts are more often than not committed by high-ranking officers in the correctional hierarchy or by outsiders, who are linked to the prison facility through professional or political appointment. Generally, acts of malfeasance are committed by prison officers at the middle or lower management levels. These acts involve acts of misconduct or criminal acts, which the officers intentionally commit in violation of agency rules and regulations and/or state laws (Souryal 29). Acts that are in this category are trafficking of contraband, embezzlement, extortion, official oppression and the exploitation of inmates or their families for goods, money or services. Lastly, acts of nonfeasance involve avoidance or omission knowingly committed by prison officers who are responsible for undertaking such acts. These acts are common in the correctional facility despite an officer’s rank. There are two types of nonfeasance: an officer ignoring a prisoner’s violations of the institutional laws and the failure to report other officers of misconduct as a repayment of an earlier favor or personal loyalty. Additionally, there are other metrics that can be used to measure corruption in correctional facilities, which are drawn from the Path-Driven Taxonomy of Corruption Metrics. It is composed of four metrics, which are: Political-Economic-Social (PES) metrics; Public Administration (PA) metrics; Citizen Engagement (CE) metrics and Cultural (CU) metrics. In the c orrectional facilities context, the PES metrics will examine the general conditions and draw a parallel between situations or events, which make the occurrence of corruption to be very high in the prevention stage. In addition, it will also measure the existence or insight of existence of corruption in the correctional facilities; its different units and partners in the detection stage of corruption. Furthermore, the metrics will also focus on the perceived or existent actions to fight

Why minorties lagging behind in healthcare management professions PowerPoint Presentation

Why minorties lagging behind in healthcare management professions - PowerPoint Presentation Example Among the other reasons are a lack of diversity in healthcare leadership and workforce. Minorities are only a small portion of the healthcare professionals, though they are a substantial portion of the population (over a quarter of it!). The lack of diversity causes rigidity and lack of flexibility in terms of methods used and changes to the program of healthcare. This leads to bad communication between officials and the minorities, and also in a system which is poorly designed for minorities, meaning that they arent receiving as much individual attention as they should (Betancourt, 2002). The way to improve this situation is to pay attention to the special needs of minorities, be aware of their differences from others and develop unique healthcare programs which put an emphasis on what they need, instead of incorporating them in the population. This could mean putting focus on diseases which are more prevalent in different minorities. This could also mean taking a step back and examining the fallacies of the healthcare system and see how it is possible to change the current situation and apply new, more innovative techniques and approaches of dealing with minorities, whether it is by education doctors more about special communities concerns and needs, encouraging more people that are minorities to work in this profession or any other way possible (Medige, 2002; Koberg, Boss, Sengem & Goodman,

Promote Professional Development Essay Example for Free

Promote Professional Development Essay The importance of continually providing knowledge and practice is to keep up with the constant changes that are happening all the time. Globalisation and technology have made changes in health and social care at a rapid rate. There has been a significant change in the way that care is being experienced and there are higher expectations in the quality of care. A more personal approach is required and accessibility to training resources ensures that we can all be the best in our job roles and in line with legal requirements. There are opportunities available now, thanks to technology advancements, to share responsibilities across the board, we have better access to other partnerships, training programs and can store more data than ever before and there are still developments every day. The importance of learning these developments is that we can change with the times and gain the new skills to improve the outcome for service users. The barriers to professional development require you to look in more depth at yourself. Everybody has a different way of learning, someone may learn a lot quicker than someone else, so it’s important to try to see what ways you retain information best. Some people may learn from reading something over and over until it either makes sense or sticks with them. Some people may write down what they want to learn because it ingrains in there memory and some people may just listen to something and retain the information. It’s important to remember that what someone else might learn from a sentence may be more educational to them than if someone else was to read that very same sentence. Motivation can be another barrier; external factors can drive motivation and change behaviour like incentives to learn but internal barriers such as self-esteem, drive and desire can have an effect on professional development. An individual’s personal values, beliefs, attitudes and life priorities can impact significantly on the way people develop. Not having enough time to develop your skills or financial problems can be a big barrier to development. To get through these barriers, Support from peers, advice and mentoring may be required to h elp with individual developments. There are many different sources and systems to support professional development. At my organisation we have internal support which involves monthly supervisions with an advocate. We go through training  requirements, any training refreshment that need to be done; we go over policies and procedures and discuss our progress for professional development. We have training courses that cover every area of the care we provide and e-learning that all employees complete every 6 months, they are designed to refresh our training and inform us of new policies and procedures. You can also learn by working with more experienced colleagues and you can self-teach by reading text books and articles. You can develop your knowledge by using facilities such as libraries and learning resource centres and there is also formal support, colleague and university courses, internet courses, apprenticeships and government incentives. You can also use the policies and procedures put in place by your company to learn what is required and how to do things appropriately. There are so many factors to consider when selecting opportunities and activities for keeping knowledge and practice up to date. There would be no point in starting a course in child care if your real desire was to become a hypnotherapist. Financial issues could be problem, your organisation may cover learning costs or you may need to look into whether you are entitled to government help or whether you will be self-funding. Time requirements could be a problem and your level of commitment; maybe you are a single mother, who cannot get child care to attend night school. Another factor could be, does the opportunity or activity fit with your learning style?, You may learn better from practical activities or learn better from reading and writing, finding the right form of professional development is key to being successful. Be able to prioritise goals and targets for your own professional development In order to prioritise goals and targets for my own professional development, I look at the influences that have helped me to develop my performance so far and look at what my training has taught me and how it’s reflected in my work. I examine my strengths and weaknesses honestly and try to think about the way I practice in a constructive way. I have to evaluate myself by asking; How did I approach my work? Was my approach positive? How did the way I work affect the people I support? Did I work to the best of my ability? Which was the best aspect of my work? Which was the worst aspect of my work? Is there area’s that I can improve? What are they and how will I tackle them? In health and social care there are benchmarks and standards that I can use to measure my own ability against, like the ‘care quality commission standards’ and ‘codes of practice’. By comparing my work against these standards I can improve on the areas that I am failing in, by setting goals of what I need to learn and targets to complete it by. To prioritise my own development goals and targets, I have to think realistically about what is necessary for my job role at that moment, for example; if you are developing your communication skills and working towards building relationships and trust, you cannot plan a set strategy to produce trust and this can take time. But if you were developing your skills for independent living, encouraging accessing the community and shopping, this is something that is currently in my job role and could be a skill I can develop straight away. Making a plan to monitor each stage of developing skills will help me to see at what point something has not worked, for example; I am to Supporting Bobby with his shopping, but due to his mental health problems, he doesn’t feel comfortable being in a busy supermarket around lots of people. Putting a plan together with goals and targets will help to monitor Bobby’s progress; I could put a target in place to build Bobby’s confidence up enough so he can be in a supermarket. By recording this process and evaluating each step that it took to get him there, I improve my own skills and gain knowledge for any similar situations that may arise in the future. Be able to prepare a professional development plan To plan my own professional development with sources of support available to me, I will first have to arrange a meeting with my trainer and supervisor to identify the learning outcomes and objectives that I wish to achieve. We can then put a strategy together to meet these objectives and a time frame in which to complete them by and with their help and resources. When documenting evidence I will specify the duty, a goal, tools needed for reaching my goal and a completion date. I will then undertake the necessary educational activities, training and shadowing and collect more evidence for  my portfolio. I will review my progress at regular intervals with my trainer and supervisor to discuss any updates and get feedback on my development. My portfolio will contain evidence of records of attendance and the support that was given, highlighted areas of what I would have done differently, highlighted areas of successful care and certificates of achievements. I can also show in my portfolio, evidence of what has benefited my colleagues, i.e. protocols or guidelines that have been introduced because of things that I have learnt and feedback from colleagues on a job well done. I will show evidence of evaluating work that wasn’t done to the best of my ability and show evidence of what I have learnt to correct my work. I will put in my development portfolio evidence of any positive feedback, descriptions of new care plans made because of my positive changes, cards, letters or individual comments and positive audit results. This is an example of a plan that I would use for my own professional development. A service user I attend with learning difficulties needs a new wheelchair; the carers are finding it increasingly hard to push the service user around in the wheelchair for social visits. A healthy diet plan was encouraged but is not working as the service user lives independently, a wheelchair with a motor is needed to help the carers avoid any further injury and carry on supporting the service user to access the community. I have been allocated the responsibility to assist the service user pick a new wheelchair with a motor, I can use this opportunity to develop new skills and document and evaluate my progress. There are a few barriers to overcome so monitoring the effectiveness of my support will help to evaluate my performance and relay any significant information to fellow colleagues and others crucial support in their care, ultimately helping the service user in the future. The main barrier is the lady doesn’t like change; it worries her and makes her very anxious, when she is anxious she gets the medical condition hives. Her confidence will need to be built up over time. The goal is to help the lady pick a new motorised wheelchair for accessing the community only, she can continue with the wheelchair she is familiar with, and likes at home, but the goal is to find one that the service user is 100% happy and secure in, to prevent any further injures to carers and to keep the lady involved in her daily routines. The tools needed for succeeding with this duty is to have the families support, a risk assessment, a shop with accessibility and  understanding with this sensitive issue and support from my managers and any other active partners that support with the service users care needs. For evidence I would put in my portfolio the emails from the partnerships, my advocate and myself that detail, the support that is needed, with the evidence that I have been allocated to support with this. The email will also show my reply, for the request of informing all other carers to reassure her when necessary for when she gets anxious and upset. I would put in place a communication diary especially to deal with this task, firstly to monitor any upset behaviour and how my colleagues and I resolved it and secondly I could use it as evidence. I would keep a written account of how many trips to the shops and what her behaviour was like on each visit, I would record what helped keep her calm and feeling secure and record anything that failed and how we made it better. I would keep a medical record of any outbreaks of hives and how it was treated. I would have regular meetings with my advocate to get feedback, discuss updates, ask for any advice or help that I need and review the completion date. I would discuss attending training courses that could help me with addressing this situation to the best of my ability, like manual handling, first aid, communication skills and keep evidence of my achievements. I would finally add to my portfolio evidence of the service user (in line with confidentiality requirements) accomplishing this task, I would get evidence of how long it took to achieve and what the final outcome was. Be able to improve performance through reflective practice Models of reflection encourage a structured process to guide the act of reflection, there is no right model of reflection, but it is important to choose the one that you feel comfortable using and best assists you to learn from your experience. Sometimes it is appropriate to use one model of refection as a basis, but use prompt questions from other models if they suit your particular situation. I found Bortons Model of reflection easy to remember; therefor making it is easy to apply to an experience as it happens. What, So What, Now What, the simplicity of the model helps evaluate quickly and simply an experience but does not allow for specific details as opposed to Gibbs Model. Johns Model of reflection is based more on self-awareness and self-improvement. It allows you to analyse influencing  factors on your thoughts and behaviour, what triggers the behaviour and you can delve far more intimately into your feelings, opinions and judgements and intern how this affected who you are working with. This level of learning allows you to evaluate very deeply on all levels, morals, background, knowledge, self-awareness, past experiences and future practice, making this model of reflection by far more personal and a more appropriate model for self-improvement and self-development. The Kolb model is made up of 4 steps and learning can start at any of the steps at any time, there is no process. When a person carries out an action they can both, observe and reflect upon its underlying process and possible consequences. The action becomes open for analysis, concepts can be tested at further through new experiences in order to both validate and develop them further. Gibbs Model of reflection is a more descriptive model of Kolb’s and it also has a process in which to follow allowing for deeper analysis. Gibbs model gives you more a detailed structure in which to evaluate your experience, which is why I found it to be more widely used in the healthcare industry. The theory follows 6 steps of the model, and each step informs the next. I found that using Gibbs model and examining an experience in greater detail was very beneficial but found the Evaluation, Analysis and conclusion asked very similar questions which seemed to be a little repetitive. But Gibbs model challenged my assumptions more and allowed me to explore more ideas to promote self-improvement more than the other models. Of all the models of refection I have researched I found these 4 more beneficial to my learning and self-improvement and they even challenged what I thought I already knew. By using Gibbs Cycle as a basis and applying the descriptive evaluations of all the other models to the specific levels, I can examine myself in far more depth and improve my quality of work consistently. Reflective practice is thinking or reflecting on what you do, it is learning from an experience and teaching you evaluation skills to examine your actions and reactions. Thinking about what h as happened is part of being human but reflective practice differentiates between casual thinking and reflective practice, it requires a conscious effort to think about events and develop insights into them. Once you get into the habit of using reflective practice, it becomes a skill and you can develop it every day, in every type of situation. Feedback from others is a very important part of reflective  practice, as you cannot always see what your own faults may be or you may not want to hear what faults you have. Considering feedback as another opportunity to learn will develop your self-awareness and can start a process of change that will benefit anyone that you work with. For example, very early on in my healthcare career, I supported an elderly lady with learning disabilities, since her husband past away; she would get very lonely and ask to move a lot. Her social worker and advocate had taken her to see a few warden controlled apartments in a more communal building, but the lady did not like them and it gave her a bad experience of what she thought was available to her. I work in a few homes for elderly service users with learning disabilities and I invited my service user round for tea, so she could see a different kind of living situation, a house share that could be available. Whilst the trip was successful in the way that the lady now knew of a different living arrangement, at a meeting shortly after, that involved other healthcare providers for the service user, I acquired feedback from the ladies advocate that showed my own faults and issues that wasn’t within my capability to see. My intention had been misunderstood and Unknown to me the service user had wanted and was adamant, that a housemate was to move into her own home as she had a spare room; this was not a suitable situation for another vulnerable adult to move into because of the service user’s regular change of behaviour, and the house shares have a carer on duty at all times. If I had informed and attained advice on this situation it could have been dealt with in a different way. My lack of knowledge and understanding of how my actions could been seen as something different for a service user made me evaluate at what level I went wrong and how to rectify this problem so it is not an issue in the future. The advocate commended me on my thoughtfulness but advised certain aspects need to be considered when working with this particular service user. Trial and Error is always going to be a big part of my learning development, working with others there is always going to be the potential for harm, both physically and emotionally. It is imperative that practice changes as a result of these mistakes.