THE COLLAPSE OF THE HALIFAX BANK OF SCOTLAND, AND THE SUBSEQUENT Essay

THE COLLAPSE OF THE HALIFAX BANK OF SCOTLAND, AND THE SUBSEQUENT RESPONSE OF THE UK AUTHORITIES - seek ExampleHBOS formation took place in the year 2001 as a causal resulting from the merger of both Halifax and the Bank of Scotland. The formers position towards mortgages and the latter(prenominal)s bravery in corporate lending that was to create a balanced Big Five Bank. In the year 2001, it had a total assets summing to 275 meg pounds, much bigger than that of its ultimate rescuer Lloyds and approximately three-quarters as big as Barclays and the Royal Bank of Scotland (Osullivan & Kinsella 2013, p. 9). This report will highlight the four areas in which this new banking force sowed its destruction seeds. These four areas include aggressive expansion deluded management failure of internal controls and reluctance to heed to the warnings of the FSA, and even allowing the shortcomings of the regulator.The key to the developing of HBOS, as per the findings of the commission, was in ac cepting of more risks across all the division of the group. The strategy was to ensure a new cultures in the higher echelon of the banking system. This culture was nervy and underpinned by the belief that the growing market shares were as a result of a special skills category possessed by the HBOS and lacking to the competitors.The culture personal effects became even more corrosive when joined with the absence of corporate selfknowledge within the organization top as time elapsed. Tellingly, in October 2007, as the alarm bells rung in banks all over the world, Cumming, the head of HBOS debt-fuelled corporate wing, remarked that people appeared to lose their nerves. They were panicking even to the days testing property environment (Veron 2010, p. 113).Cummings corporate division ended up with an impairment of 25 billion pounds, an equivalent to the 20pc of its loan book in 2008, and away out of balance with contention banks. But while the corporate book holes hastened, the rescue by the taxpayers and

Health Care Essay Example | Topics and Well Written Essays - 2250 words

Health C are - Essay ExampleAs a result of this, there are cases where treatment for some seemingly incurable diseases was successfully done in this institution.Weaknesses - Though superb in providing wellness worry, the Mayo Clinic had been allegedly accused of defrauded the fall in States by misapplying certain grant funds from the National Institutes of Health and its parent agency (Harsh Criticism for the Mayo Foundations Accounting Practices). High medication fees cost is some other weakness of the compevery.Opportunities - With its state-of-the-art health check facilities and research, Mayo Clinic has capability to dominate its market share. It is also a world leader in achieving breakthroughs and improvements in health care technology.Threats - Bioterrorism is one of the threats that infests medical institutions nowadays especially in distinguished medical institutions like Mayo Clinic. The incompatibility of applying modern IT technology to Mayo Clinics form is another t hreat.2. Leadership is a very vital component in any organization. ... Decisions come from a committee with a multi-departmental representation. Its principle in incorporating teamwork in its design is clearly reflected in its management system. Mayo Clinic has been very successful under this management system. In fact, it has been hailed numerous clock times for its world-class quality medical service. However, at times when snap and urgent decisions are needed, a single capable leader should do the job. Mayo Clinic should address this topic to avoid any cases where prompt and immediate action is needed. They should add a policy in the by-law stating that when cases of this nature happen, they should give the chairman the power to decide on and to implement jot regulations. 3) There are various conditions where alliances are very risky between the parties involved. One of these is when a partys business or interest belongs to a totally distinct nature than that of the business na ture of the alliance being formed. An example of this is when two businesses form a biotechnology firm where one party belongs to the field of health care services that has no background on medical research and the other is from the realm of software development that has no previous product draw that caters to medical services. The lack of familiarity of one or both of the parties is very risky for the partnership or corporation, especially now that competition is very fierce and animate of technological improvement, very rapid. Though we can say that the learning curves of both parties are very high, still the risk of delivering quality results are high considering the time spent on learning the trade and the necessary operational know-how and wisdom that the

Service Recovery Research Paper Example | Topics and Well Written Essays - 2000 words

Service Recovery - Research Paper ExampleIn order to conduct in effect(p) benefit recovery, it is paramount that management institutes a cross-functional approach, which acquires a marketing perspective, management perspective and an operations perspective. This essentially entails customer recovery, employee recovery and process recovery respectively. This piece of music will examine the three elements of supporter recovery, discussing the best practice of service recovery through the extensive examination of the literature. Through the examination of the three important service recovery approaches in a number of industries, this paper will offer eight key hurdles that institutions have to overcome to bridge the interruption between best service recovery practices and the actual recovery practices and suggest how to do so. Importance of Service Recovery Service recovery entails actions that a service provider institutes in response to a failure in terms of service delivery. Su ch a failure occurs when the perceptions of customers of the service provided do not pertain their expectations. As per this definition, it is evident that service recovery is not limited to service industries. Empirical research demonstrates that managing problems effectively entails the most vital component of a federations reputation for excellent service delivery in institutions and industries. This means that a party that serves either internal or external customers should accept that failures argon bound to happen thus the essential thing is to institute systems and procedures that counter such failures. In recent years, a number of empirical studies have dealt with service recovery in numerous industries globally (Maxham and Netemeyer 61). Concern in service recovery has developed because companies and industries appreciate that poor service experiences are the main causa for customer switching, which also results in loss, in customer lifetime value. However, a viable ser vice recovery system is noteworthy as it has immense, positive impacts on customer satisfaction, customer loyalty, word-of-mouth behaviour and subsequently, customer profitability. While certain studies show that great initial service is better than excellent service recovery, otherwise empirical studies suggest that an excellent service recovery can result in even greater customer loyalty and satisfaction than if a company did nothing wrong in the initial place. This paradox is referred to as the service recovery paradox and holds true in most instances (McCollough 56). Literature on interdisciplinary services provides a rich source of insight and research on effective service recovery (Bell. and Zemke 33). The literature on service recovery shows that sensed justice is a vital element in the evaluations of service recovery. Reports on service failure show that perceived unfairness in customer give-and-take results, in lower customer satisfaction and loyalty. Service recovery mu st re-establish justice from the customers perspective. Justice entails three distinct dimensions, i.e. procedural, distributive and interactional. allocable justice centers on the allotment of costs and benefits. This element asserts that customers weigh the benefits they gain from services with regard to the costs associated with the service.

Short answer questions Assignment Example | Topics and Well Written Essays - 750 words

Short answer questions - Assignment ExampleAs more red blood cells pass through the tissue, warmth (calor) sets in. Increase in vascular permeability results in fluid to shifting into the connective tissue that causes edema.Vasodilation and thickening of blood encourages leucocytes to stick to blood vessels. Margi nation occurs and leucocytes crawl between the endothelial cells and bow the inflamed tissues. Phagocytosis occurs, microbes are engulfed and destroyed by white blood cells and lastly tissue repair begins (Lydyard & Whelan, 2011).An example when a malaria protozoan enters the consistence through mosquito bite, the bodys immune becomes active, there is increase in white blood cell circulation. An individual presents with pain and fever. Edema might set in afterwards phase.Inflammation can be classified according to exudate, period, site, and etiology. Based on exudate, inflammations result in fluid accumulation in the tissues. These inflammations can be suppurative inflam mation where pus forms resulting into a skin abscess, serous where thin watery exudate forms. An example is blister. In etiology, inflammation can be either unfertile or septic. Aseptic are chemical substance radiations while septic are living organisms that result into inflammation. Based on location, inflammation occurs in antithetic regions of the body depending on the causative agent, for example, tuberculosis causes inflammation of the lungs. Duration depends on the type of hypersensitivity (Lydyard & Whelan, 2011). Type I like insect bites take shorter period to indorse than Type IV where graft transplanting takes 3 days to manifest.The immune system provides three lines of defenses. The first line of defense is made up of nonspecific barriers. This includes chemical and physical barriers that prevent foreign agents from penetrating the outer layer of the body. These barriers are the skin, the mucous membrane, hair, tears, sweat saliva, gastric secretions, and cerumen. The second line of defense consists of leucocytes.

Memo of Advice to Mr. US on Taxation System Case Study

Memo of Advice to Mr. US on Taxation System - Case Study moralThe tax rates argon applied to taxable income which is arrived after deducting all expenditure incurred by the individual as specified in IRS. Every US citizen (Mr.US) working and residing abroad is bound to report income from sources outside the fall in States under Form 1099 from foreign payer (Publication 525, 2010). According to Arnold and McIntyre (3) individuals confront serious risks of having to pay unjustified levels of tax as Mr. US being citizen of US and resident of UK may have to deal with tax laws of both countries. However dual residence problems are generally resolved through the tie breaker in tax discretionies between the two countries i.e. US and UK. Mr.US can be benefited from the picture taxation agreement which follows the OECD Model Tax Convention. Mr. US shall file a report of Foreign Bank and Financial Accounts (FBAR) as his account is maintained by foreign transcription in Mauritius, a labo r agency which contracts the services of Mr. US to Newco in London for the period of five years. Tax Exchange Information Agreements between US and UK are incorporated in Double Taxation Treaty and Mr. US will have to comply with the double taxation treaty of filing the FBAR reports and pay income tax for his income earned for his services. Similarly, Labor Agency in Mauritius will pay taxes for its income from UK in Mauritius as well as United Kingdom as per the double taxation treaty existing between these two countries. As evident from the case study, Mr. US could face dual source issues arising through varying definitions in tax jurisdictions i.e. in US and UK. Mr. US may seek tax exemption within double taxation treaty between United States and United Kingdom. Mr. US may claim tax deduction in double taxation through exemption, credit or tax deduction through structure finance and possible exemptions in form of dividends and capital gains (Arnold and McIntyre,Ch. 15). It is i nformed that many tax jurisdictions do not grant deductions for future risk loss or contingency provisions while some countries permit deduction for pension provisions. Mr. US shall get tax exemption from pension provision granted by Mauritius broker firm. The Mauritius broker company intends to open a discretionary trust in favor of Mr. US family owned by Mauritius firm. It is mentioned that shareholders dividends do not in any legally relevant sense arise in the taxing state which means the taxation belongs to the country to which the corporation belongs, i.e. Mauritius where the firm will be established (Arnold and McIntyre,Ch.3 53). The discretionary trust, where the remaining $225k have been diverted will be paid by the trust wholly under double taxation treat between two countries United States and Mauritius, as the residence of trustees is in US while the trust is incorporated in Mauritius (Arnold and McIntyre,Ch.1, 21). Works Cited Arnold Brian J and McIntyre Micheal J inte rnational Tax Primer, Chapter

Righteous Dopefiend by Philippe Bourgois and Jeffrey Schonberg Essay

Righteous Dopefiend by Philippe Bourgois and Jeffrey Schonberg - Essay ExampleTIn addition to being dispossessed, the individuals have to face the structural forces that range their miserable lives. The book tries to give profiles of various homeless person deal residing on the encampment. This is crucial in understanding the reasons that lead to homelessness. In addition, there is need to aim and appreciate the problems faced by these homeless individuals. This information is crucial in formulating strategies to reach out and help these people. The gruesome dependence on drugs is highlighted in the paper. The homeless addicts argon dirty and some urinate on themselves. They steal, beg and engage in prostitution in exchange for drugs. The book concentrates on approximately 10 people in the Bernal heights a popular area in San Francisco (Elsa 178). It is evident that the majority of the writing assesses the method through which the dynamics of race, gender and fall apart affect t he lives of the homeless and drug addicts. The themes that stand out in this book include race, sexuality, suffering, trauma and inequality in the society.The authors writing style includes the use of flashback in the lives of the ten individuals depicted in the book to make the book more realistic. The author writes roughly the love stories, family trauma and embodied suffering in just about situations to highlight the plight of these individuals. The use of pictures and flash back creates an actual scenario as described. This makes an individual to understand the inequality and the facts highlighted in the book effortlessly. This powerful book makes the ref to fully integrate into the world of drug addiction, extreme poverty and homelessness in the most developed country, the United States of America (Bourgois & Schonberg 214). Photographs in this book include the scars brought about by addiction, social closeness among romantic pairs and partners who are on the run because of drugs, and the homeless people covered in the book (Angela 200). They are pictures of homeless people who reside in shacks on the encampment. These shacks are off the street and they comfortably rest on their beddings, and take drugs. The most intriguing pictures are of Tina and Carter (a homeless mates that is deeply in love). One cannot help but admire this couple. They may be poor, but they are happy as they have each other. They are oblivious of their surroundings and happily hug and show affection to each other. Through the pictures, it is evident that most of the homeless people are drug addicts. It seems that the homeless people use the drugs to counteract feelings of desperation, anxiety and fear. The commonly abused drug is heroine and intoxication of the drug elicits feelings of euphoria. The homeless on the encampment derive great solacement from drug abuse. This is a true picture also in the society, and individuals should avoid drugs such as heroin and crack. The pict ures were ethical since a writer has authority to go for any style of writing which includes pictures and other literature. A writer should be able to pass the information to the reader effortlessly. This style of including pictures is acceptable and ethical since it gives speech pattern on the texts in the book. The pictures are not pornographic in nature neither do they discriminate both gender, and race they are appropriate and germane(predicate) to the book (Elsa 178). Substance abuse

Effects of Music Therapy Research Paper Example | Topics and Well Written Essays - 2000 words

Effects of Music Therapy - Research Paper ExampleMultiple effects to a patient result from medicament playback during surgical process in the operating room, as it helps him to tranquil down and yield to the application of anaesthesia just before the commencement of surgery. In this case, music tends t calm down normally tense and nervous patients when the use of anesthesia fails. It also works in terms of providing a positive atmosphere for the patient to guess positively ab extinct the forthcoming surgery and the likely outcomes (Nilsson n.d.). Furthermore, on calming down a patient, it allows the patient to relax by acting as a form of distraction from the fear of undergoing surgery, pain and misgiving. This way, playing music in the operating room helps patients cope with pain and the accompanying feeling of being in a strange environment. These concept works together with the earlier concept of a positive environment. This is because the application of music cuts back on t he focus towards opposite likely events and feelings and directs them to music and its impact. This is rather than focusing on pain, fear and frustration, but more on the healing process and a positive outcome. In addition, the print of experience, for the patient, comes up in regard to the use of music in surgery. This concerns patient satisfaction during surgery due to anxiety and its interaction with anesthesia. In this case, music eliminates, by a large percentage, any discomfort caused by induction of anesthesia and recovery of the patient during an operation as it. Moreover, since anxiety works adversely on patients during and after an operation, applying music during and before an operation, improves the rate of recovery in a patient and decreases, substantially, the occurrence of pain and delayed recovery after surgery (Arslan et al. 2007). shut away on patient experience during surgery, music plays a key role towards improving it, as hearing ability during surgery and un der general anesthesia remains active. In this regard, a patient remains conscious of the audio on goings in the operating room environment thus, the use of music drowns out all other sounds (Nilsson, n.d.). This way, the patient is only able to concentrate on music and its positive impact such elation in mood, elimination of anxiety and induction of relaxation. In addition, music and interactions with regional anesthesia work towards the good of the patient in relation to dosage. This is because application of music during surgery lowers the need for sedatives to rest pain and induce sleep. In addition, studies show that playing music in the operating room during surgery displays substantial impact on the consumption of opioid analgesics, in that the dose rate decreases dramatically (Iblher et al. 2011). Music also lowers the amount of cortisol levels in the blood meaning that, in surgery, it reduces the amount of stress in a patient. This occurs by brightening up the patient and soothing offering a pleasurable auditory stimulus. Playing music prior to surgery yield even ameliorate result as compared to during and after surgery, thus preference in music playback is before. However, the music used determines the effects in that to lower stress sedative music is preferred as it has a slow tempo and smooth tempo, thus the effectiveness in lowering anxiety and stress (Arslan et al. 2007). In addition, music plays a crucial role in surgery by influencing the nervous system through entraining body rhythms to decrease the activity