The Role of Federal Reserve in the Economic Crisis in 2007

The Role of Federal Reserve in the Economic Crisis in 2007 Introduction Federal Reserve, also known as the Central Bank of America is one of the most powerful and influential economic institutions. Having been created almost a hundred years ago by the Congress, the Federal Reserve has played a major role especially during major economic crises like the World Depression of early 30s and the economic crisis of 2007.Advertising We will write a custom essay sample on The Role of Federal Reserve in the Economic Crisis in 2007 specifically for you for only $16.05 $11/page Learn More A part from its role in combating these crises, the Federal Reserve has constitutional powers, which allow it to be relevant to the Congress with the latter taking an oversight role. During the execution of its monetary powers, the Federal Reserve is guided by several aspects of its structure, which promote efficacy in service delivery to the people of America and in handling economic matters. This essay discusses the monetary policy as spelle d out in the Federal Reserve Act and how it relates to the U.S economy today. Federal Reserve Unlike other financial institutions in the country, the Federal Reserve serves as the Central Bank and therefore has a wide range of special privileges that are important in its functioning. As such, it assumes the functions and attributes of such a bank in the American Financial sector (Saxton 2). As a lender of the last resort, the Federal Reserve is mandated to issue paper money to banks and is recognized as the banker for all government and commercial banks in the country. While acting as the lender of the last resort, Federal Reserve operates as a bank regulator in order to streamline banking sector within its constitutional responsibilities. Additionally, the operations of the Federal Reserve aim at centralizing reserves in the country; they encompass reserve management responsibilities and the monetary policy. In general, the Federal Reserve maintains the stability of the financial s ystem and oversees the achievement of price within the financial sector (Saxton 2). Moreover, the significance of the oversight of the Congress in the functioning of the Federal Reserve is imperative. These functions are extremely important in determining the impact of the Federal Reserve in its management of expenditure and inflation-related issues (Saxton 3). In its implementation of the monetary policy, the Federal Reserve plays a major role in determining short-term interest rates, foreign exchange rates and varied prices within the market. In times of major financial crises like the ones experienced in 2007 and 2008, the bank plays a crucial role in inducing financial stability into the system while acting as the lender of the last resort. Monetary Policy As defined in the American constitution, the monetary policy is plays a core role in shaping and stabilizing the economy of the United States. Under the Federal Reserve Act, the Federal Open Market Committee and the Board of G overnors are mandated to promote maximum employment for citizens, ensure stable prices and regulate long-term interest rates within the financial sector (Saxton 3).Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More These three factors are highly interlocked and key determinants in understanding economic trends and implications. For instance, long-term stable prices guarantee sustainable economic growth and overall employment together with average long-term rates, which are charged as interest by financial institutions. It is also believed that long-term stable prices ensure that the prices of goods and services remain unaltered as a result of inflation and serves as an indicator of proper resource allocation and promotes high living standards. Besides this assurance, stable prices enhance capital formation and saving. This is because when the risk of making losses emanating from inf lation is minimized, people are encouraged to increase their saving capacity with more businesses being motivated to invest heavily (Saxton 3). In understanding the impact of stable prices, it is fundamentally important to note that stability can either be long-term or short-term. Unlike long-term stability which allows sustainable growth and employment in the country, short-term stability of prices may breed a scenario that raises tension between the two major roles of stabilizing prices (Saxton 4). In most cases, low employment rate is accompanied with weak pressures on existing market prices and easing of the policy does not lead to inflationary results. It is also possible to have a case where higher price pressures are developing with employment going down. This is common during a major supply shock like rising fuel prices in the world. The economic implication of such a case is that the weaknesses within the economy would be compounded by efforts to avert inflation impact. Sim ilarly, efforts adopted to deal with unemployment would worsen inflation in the country. When such moments arise in financial crises, monetary policy custodians are usually left in a dilemma that presents a case of either neutralizing pressures on price or reducing unemployment and output. Additionally, expected inflation can be detrimental on price stability especially when it gets adopted by price and wage controllers (Saxton 4). Importantly, the Federal Reserve has a role in promoting financial stability and good economic performance by taking actions that are aimed at mitigating financial disruptions and ensuring that the impact of such disruptions does not spread outside the financial sector (Saxton 4). This is important based on the fact that current financial systems exhibit high level of interconnection and are extremely vulnerable to huge disruptions like the one that may occur as a result of a fall in stock prices. As such, the Federal Reserve promotes resistance of financ ial systems towards such shocks by implementing regulatory policies in relation with payment systems and banking institutions. Additionally, it is allowed to reduce how financial markets are affected by giving liquidity through the adoption of open market operations. Similarly, these results can be achieved via discount window lending (Saxton 4).Advertising We will write a custom essay sample on The Role of Federal Reserve in the Economic Crisis in 2007 specifically for you for only $16.05 $11/page Learn More In its application, the monetary policy plays a significant role in the American economy. This is principally held by markets for balance, which is normally executed at the Federal Reserve Banks. In general, depository institutions own accounts at their Federal Reserves, allowing them to trade balances maintained in these accounts at a certain interest rate referred to as the federal funds rate (Saxton 5). This funds rate is considerably controlled by the Federal Reserve through its operational impact over the demand for and supply of balances in the Reserve Banks. Notably, the FOMC usually positions the federal funds rate at an allowed level that would promote financial and monetary conditions to be in line with the realization of set policy goals and objectives (Saxton 6). It however adjusts the target depending on current and evolving economic advancements. Importantly, fluctuations of the federal funds are vital in determining future trends and expectations. A change in this rate or a deviation towards future expectations can generate a series of events that would affect among others, dollar exchange value, short-term interest rates, stock prices and long-term interest rates (Saxton 6). Consequently, these changes in the above mentioned variables are likely to affect spending decisions among business owners and households, thus affecting growth in demand and the overall economy. Nevertheless, short-term interest rates are inf luenced by both the current status of the federal funds rate and future expectations the lie within a short-term financial contract. The implication of this school of thought is that short-term interest rates are likely to drop if a reduction in the federal funds rate is implemented by the Federal Reserve in the form a surprise to all market participants (Saxton 6). In the same manner, an announcement by the Federal Reserve to increase federal funds rate would lead to an increase in short-term rates. Better still, these results would be experienced if key market participants believed that the federal funds rates were to be held at a higher level by the Federal Reserve than the expected one. For these reasons, market participants are always concerned with data and statements released by the Federal Reserve official (Saxton 7). They do this by analyzing clues about the economy and prices being on unique paths than expected and this could ultimately impact on the position of the moneta ry policy.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Furthermore, changes which occur in short-term interest rates impact long-term interest rates like those on corporate bond, treasury notes, consumer loans and fixed rate mortgages. On the other hand, deviations in long-term interest rates may affect stock prices on the market, which may have devastating impact on household wealth (Saxton 7). Additionally, reduced interest rates may have a convincing influence on investors about future strength of the economy and expected higher profits. This may call for the lifting of equity prices. Conclusion From this analysis, it is clear that the monetary policy found under the Federal Reserve Act plays a major role in stabilizing the economy and deciding future trends and possible decisions. As key player in the U.S economy, the Federal Reserve has to maintain financial sobriety to give direction during crucial moments like economic crises. Saxton, Jim. â€Å"The importance of the Federal Reserve; A joint economic committee report.† Un ited States Congress, 1997. Web. https://www.jec.senate.gov/reports/.

Writing Prompts for 5th Gradeers

Writing Prompts for 5th Gradeers By fifth grade, students are developing basic fluency as writers. In order to hone their skills, fifth  graders should practice supporting claims with factual information, conveying information clearly, and writing narratives in a logical order. The following fifth-grade writing prompts encourage students to develop their skills through topics that are meaningful to them. Narrative Essay Writing Prompts Narrative essays tell a story based on a student’s personal experience. They encourage students to use descriptive writing to reflect on their experiences, explain them in a logical manner, and draw conclusions from them. New Beginnings.  This is your  last year of elementary school. What are you most excited or most nervous about when you think of starting middle school?Betwixt. Students in 5th grade are often referred to as â€Å"tweens,† meaning that they are between the young child and the teen years. What is the hardest thing about being a tween in today’s society?Besties.  What is the best book you’ve ever read? What made it so special?Reflections.  Do  you remember your first-ever day of school? Describe one vivid memory from that day.Bullies. Have you ever witnessed someone bullying another student? What happened and how did it make you feel?Man’s Best Friend.  Do you share a bond with your dog or other pet? Describe your pet, and explain what makes your relationship unique.Families.  A family isn’t always a mom, a dad, and their children.  Write about the ways your family is the same as and different from  other types of families  and wha t makes your bonds so strong.Holiday Memories.  Think about one of your favorite holiday-related memories. Write an essay describing it and tell why it is so unforgettable. Guilty.  Think about a time you did something that made you feel guilty. Describe what happened.The Ultimate Field Trip.  If you could choose anywhere in the world to go on a field trip, where would you choose and why?Family Game Night.  Do you enjoy playing games with your family? Describe your favorite family game or activity.Tasty Treats.  What is your favorite food? Describe it as if you were introducing it to someone who has never seen or tasted it.Someday.  Have you thought about what you want to be when you grow up? Write an essay explaining why you think you’d like that career. Persuasive Essay Writing Prompts Persuasive essays are those written to convince another person to agree with the writer or take action. These persuasive essay prompts inspire 5th graders to share their passions with an audience. Pets Day.  You’ve just gone to work with your parent for â€Å"bring your child to work day.† Write an essay convincing your school to have a â€Å"bring your pet to school† day.Yuck.  What is your least-favorite cafeteria food? Give three compelling reasons why your school should quit serving it.Let’s Trade.  Your friend’s lunches from home always look better than yours. Write an essay convincing  your buddy  that you should start swapping meals every day. Be sure to  highlight the benefits of the food you bring!Home Alone. Write an essay convincing your parents that you are old enough and responsible enough to stay at home alone.Sunny Day.  The weather outside is beautiful for the first time in weeks. Persuade your teacher not to assign any homework so that you’ll have time to go out to play.The Sequel.  The long-awaited sequel to your favorite book or video game is now available. Convince your brother or sister to do your c hores this week so that you have plenty of time for reading or gaming.Seating Chart.  Because of your teacher’s seating chart, you’re not going to be able to sit next to your friend all year! Persuade your teacher to let students choose their seats. Birth Order. Are you an only child, the oldest sibling, the youngest, or the middle? What makes your birth order the best?The Ultimate Game.  What is the best video game on the planet? Explain why it’s better than similar games.Life Lessons.  What are the three most important lessons parents should teach their children and why?Test Time.  Do you think standardized tests  are helpful or harmful? Explain your answer.Tunes.  Some studies have shown that listening to music can help students concentrate. Should students be allowed to listen to music using headphones during independent work times at school? Persuade the reader of your answer.Catch-22.  You’re not a big fan of writing. Write an essay  convincing  your teacher that you shouldn’t have to write any more essays this year. Expository Essay Writing Prompts Expository essays are often called how-to essays. They usually teach the reader something or provide facts about a particular topic. Let’s Play. Your family frequently attends community theater productions, but your friend has never seen one. Write an essay describing what he or she can expect during the evening.Band. Youre graduating elementary school, and a younger student is taking your spot in the school band. Explain to him or her how to clean and care for your  musical  instrument.Lessons Learned. Write an essay to a younger sibling explaining two or three key strategies for having a positive 5th-grade experience.Class Pet.  You’ve cared for your class pet this week, but now it’s another classmate’s turn. Explain how to feed and care for the pet properly.Upgrade Ahead.  You have an idea to improve your school. Explain it.Safety Zone.  Explain three of the best steps kids can take to be safe online.Family Traditions.  Does your family have any customs or traditions that might be unfamiliar to a classmate? Describe them.Pen Pal.  Describe for your pen  pal who lives in another state an  animal native to your area, including its physical characteristics, behaviors, and any sounds that it makes. Creepy Crawlies.  Compare and contrast two insects or animals that are similar, but have different characteristics such as a bumblebee and a yellow jacket or a horse and a mule. How are they alike and how are they different?Clean Up.  Your class is going to spend a day cleaning up at a local park. You’ve done this with another group before, but some of your classmates haven’t. Explain the process.Action.  Your favorite book was made into a movie. Compare and contrast the film and book versions.Team Players.  Explain how contributing responsibly helps or how it hurts a group when someone doesn’t do his part.Tell and Show.  Your class is having a â€Å"tell and show† day. You have to describe your item in as much detail as possible without naming it. Only when the class guesses or gives up can you show your item. Write out the description of your item. Creative Writing Essay Prompts Creative writing allows students to engage their imaginations and story-telling skills while also practicing vital writing skills such as sequence and description. Magic Lamp.  You’ve just found a  magic lamp. What happens when you rub it?Say Cheese.  You are given an exceptional camera. Everything you take a picture of becomes yours, but you can only take three pictures. Tell a story about the photos you take.Invisible Man. One morning, you glance in the mirror and realize that you don’t have a reflection. You’ve become invisible! Write a story about your day.Gone to the Dogs.  Write a story from your pet’s point of view.All Hail the King.  Imagine that you discover an uncharted land that you claim as a new country. And, you’re the ruler! Describe your country, its people, and your newfound position of power.Part of the Story.  One night, you doze off after reading the latest book in your favorite series. When you wake, you discover that you’re in the story! Write about your adventures.Before or After. Imagine that you live either 100 years in the past or 100 years in the future. What is yo ur life like?Dr. Doolittle.  You’re walking through a pet store when you  discover that you can talk to the animals.  What happens next? Meet and Greet. Imagine that you can meet anyone you’re studying in school right now from famous scientists to historical figures to the characters in the class read-aloud. Write a story about your meeting with that person.Switcheroo. If you could switch lives with anyone in your school, who would it be? Write about your day in the life of that person.Holiday Loop.  Imagine you get to relive your favorite holiday every day. What’s that like?Tall Tales. Tall tales are possibly true stories that contain  highly exaggerated actions or events. Create a tall tale about something that happened in your family.Teachers Pet. Imagine that your teacher is actually your parent. Describe a day in class.

Business Law- Law of Negligence Essay Example | Topics and Well Written Essays - 1750 words

Business Law- Law of Negligence - Essay Example Helen’s claim for her injuries and lost earnings against Metro plc. The issues in this case is whether Metro Plc owes Helen a duty of care for failing to secure the wood that passersby were supposed to use to cross over the holes they had dug. Furthermore, the other issue found in this case is to ascertain whether it was Metro Plc negligence, which led her to lose her earnings. The law applicable in this case is law of negligence; negligence is defined as the lack of use of reasonable care resulting into causing harm to the other person or property. Negligence occurs either when an individual does something that a reasonable person would not do or failing to do something that a reasonable man would. There are various precedents have been set over the years concerning the law of negligence. One of those precedents is good neighborship that was set in the case of Donoghue vs. Stevenson and another recent precedent, which is relevant to this case, is Caparo vs. Dickman (1990). Me tro Plc is liable for Helens’ injury since they could not have foreseen the accident. This is because they had already taken action into ensuring that the passersby would not suffer injury; however, their action did not prevent Helen from suffering personal injury. In Caparo vs. Dickman (1990), it was held that the principle of neighbourhood involved more than just a person who was in a contract with the defendant. In addition, there are three principles used to determine whether there is duty of care. The first principle is foreseeability of claimant being harmed, it is clear that the defendants had foreseen possible harm and had not taken enough action to ensure that passersby like Helen would not be at risk of harm. The other principle is the proximity between the defendant and the claimant. In this case, there is an aspect of neighbourhood between Helen and Metro plc since the defendants knew claimant and other passersby used the place. In Donoghue vs. Donoghue (1932), ju dge Atkin stated that a neighbour is not a person with whom one has physical closeness but one that is likely to be affected by the other person’s actions. The third principle of Caparo case states that a person can only be held to owe a duty of care if doing so is reasonable, fair and just. In the case of Helen vs. Metro plc, it was reasonable fair and just that the defendant ensured that the claimant and other passersby were not at risk. On the other claim of losing her earnings, Helen cannot blame Metro Plc this is because she spent more time in hospital because she was not served on arrival. Metro Plc could not have foreseen that she could have lost her earnings as a result, of their actions; therefore, they do not owe them a duty of care. In Spartan steel and Alloys Ltd V Martin & Co. Ltd (1873) it was held that economic loss can only be recoverable only if it results from physical damage that was caused by the defendant’s negligence (Harpwood, 2000). Helenâ€℠¢s claim against Hubble & Co. In this case, Helen is the claimant from Hubble & Co for negligence this is because she relied on the report that Hubble & Co prepared to buy more shares, and this led her into losing money since Bubble &Co’s report was wrong. The issues that arise from this case include whether Bubble &Co are liable since they were merely employees of Metro Plc the company that Helen owned shares. The law applicable in this case is pure economic loss negligence (Matthews, 2012).

Programming III ( Advanced ) Assignment Example | Topics and Well Written Essays - 750 words

Programming III ( Advanced ) - Assignment Example ation and deserialization is independent of the platform used, that is, data serialized on one machine is able to be deserialized on a completely different machine with a different platform (DAnjou, 2005). Serialization in java has been used mainly to facilitate communication between different machines, for persistence, deep copying, caching and cross java virtual machine synchronization. The use of serialization is advantageous since it allows for refactoring , it is customizable and easy to use, allows encryption, compression and authentication thus facilitating secure computing and lastly, the mechanism allows interchange of libraries between java and other programing languages such as C++ among other advantages. Despite the above stated functions and advantages of serialization in java, there are too many disadvantages associated with serialization. Serialization offers significant overhead thus it cannot be used with large objects. Also, the serialization facilitates increased memory requirements for a system. The use of data serialization also leads to breakage of identity of an objects, and invasion of the programming model. To address this disadvantages and limitations of serialization, an input/output process mechanism has been introduce. This mechanism is referred to as Externalization. Not only is Externalization used to eliminate the limitations of serializations, but also in some cases, it is exclusively required. Externalization refers to the process in which externalizable interface is implemented to facilitates persistence and restoring of the object. Basically, the externizable interface works by extending the serializable interface. Moreover, the externizable interface facilitates definition of custom rules and also, definition of customizable serialization mechanism. Thus, it can be easily said that externalization is an extension of serialization. The process of using Externalization is similar to the implementation process of

A Description of the Attributes a Presidential Candidate Should Have Essay Example for Free

A Description of the Attributes a Presidential Candidate Should Have Essay The American President represents much more than an institution. To people around the world he is representative of their hopes and fears for the future and is the focus of intense feelings and emotions. The voting process represents an extremely significant period in American politics where US citizens vote for their President. Their votes are reflective not only of the candidate they like and respect the most, but are also an indication of the person that they predict will be the most effective once in office. Despite this, their decisions are based on the candidate’s performance prior to, and during, the election process. This performance that may not necessarily be a good indication of their actual ability to run the country; the qualities needed to become a President are very different from those required to be a successful President once in office. This paper will address the attributes that are commonly cited as being necessary for someone to become a President and will dispute a number of these, offering the opinion that they are not necessarily the correct basis on which judgments should be made. See more:  Masters of Satire: John Dryden and Jonathan Swift Essay The skills and methods by which an elective may become a President are explored and will be compared to those that are actually required and valued once in office. In the United States the absence of a monarchy entails that the President often becomes the object for nationalistic or monarchical type sentiments that people in countries like England would direct at their Queen. The President is undoubtedly the most important figure in the US and holds several roles including Chief Executive, Commander in Chief, Head of the National Party and Chief Legislator. However, like the Queen in England, his supreme court have opposing powers to him and thus limit his ability to carry out some of his roles. Many people recognize one of the most important attributes for a Presidential candidate to be is a good, strong decision maker with a clear vision and direction. Candidates often use the election process to discuss problems that are evident in the way in which the country is currently being run and make willful claims as to how they would do things differently. They swear that they will have the backbone to take decisions that Presidents before them have failed to take. These type of statements appeal to the American public as they provide hope for a better future and an expectation that things will change for the better. The truth, however, is very different. Congressmen have their own electorate, interest groups and opinions on how the country should be run. The President is actually very limited in his ability to command congress to do anything and thus, the implementation of his decisions is actually a very difficult thing to achieve. What is, perhaps, more important than an ability to make decisions is an ability to persuade and influence others. If you ask people if they would vote for someone who uses strong powers of persuasion to sway their vote they would probably say no, they would prefer to vote for some who have a strong direction and vision. They wouldn’t like to feel that clever vocabulary or some type of sales approach has influenced them. No, they prefer to consider themselves people who have made a good decision based on the facts. The truth, however, that they probably were persuaded and swayed during part of the election process. This is not such a bad thing. The ability to persuade others is crucial to a successful President as he needs to be capable, through whatever means necessary, to convince others to carry out the decisions he makes. It is therefore clear that, whilst a clear vision and direction is important, what is more important both in gaining the role and completing it successfully is an ability to persuade and influence. The person who manages to influence others will do the better job, once in power it will help him get things done and in becoming President it will help him win. A further attribute that the American public will look for when selecting a Presidential candidate is a consistency of purpose. People want a President who will have courage to commit to their course of action and achieve the plans they lay out during the electoral process. However, again this may not be an attribute that delivers success once a candidate is in power and we often see very different expectations of the President. President George Bush can be cited as a prime example of this. George Bush was clear and strong in his plan to rid Iraq of Saddam Hussain, so much so that he took the United States to war. However, he later faced a great deal of criticism for his actions and many camps argue that he should have admitted he was wrong and should withdraw US troops from the US. His commitment to action was no longer valued. This paper is not intended to debate this point and pass judgment on George Bush’s actions but is using this example to show that the attributes that people may look for when selecting a President; consistency and relentless purpose may not always be what they expect once they are in power. An attribute that features heavily in people’s decision when selecting a President is realism, they like a family man whose values and emotions may seem to reflect their own. They want to feel that their President, as much as possible, has the same feelings and fears that they do and will thus act in a way that is in their interests. Whether appropriate or not, the past and present personal life of a Presidential candidate features heavily during the election process and people look for someone who has lived their life in a good and true manner. Whilst such attributes provide an indication of a person’s character and may be seen to represent the way in which they will behave once they are in power, they are not necessarily what people look for once their President are in power. They are more concerned with a person’s ability to cut themselves off emotionally from any decisions they make, distancing themselves from a situation in order to look at a bigger picture. The phrase â€Å"don’t mix business with pleasure† could not be more appropriate for a President in power. Once in the Whitehouse people consider the figurehead to be an American institution; he works for them. Personal life is no longer to be considered to be of relevance and, in many respects; they do not wish a President to show feelings as these can be construed as a weakness. Other commonly cited attributes that people discuss when they are asked what they look for in a President include honesty, integrity, leadership and intelligence. These types of attributes entail that the opinions people form of candidates prior to their election, and thus the benchmark against which they are judged once they are elected, can never be met; they are all extremely subjective values. A candidate who is elected as a new President, a replacement for the incumbent, will always be heralded as the next big thing. The nation will feel strong hope for the future of America and will truly believe that things will change for the better. However, the likelihood is that these expectations can never really be met. Time will change the position that the President occupies in people’s minds; what people perceive as good leadership now will almost certainly change over the course of the four years between elections. As such, these attributes cannot accurately be used as representations of how well a candidate will perform once in office. This paper has addressed a number of the common attributes that people cite as important within a Presidential candidate. Through exploring the difference between winning an election and actually running a country, the flawed nature of the factors upon which many votes are cast is revealed. Whilst people recognize they are voting for someone who will run their country, they rarely seem to consider the attributes that will be valued in this role, instead focusing on those required to get there. Fighting a Presidential campaign is very different from being a President. Along these lines more emphasis should be placed on attributes such as attention to military threats and needs, the economy and American interests, both at home and abroad.

Native Son, A Critical Review :: essays research papers

Bigger, Crime, and Society In the heated trial that determines whether Bigger Thomas will live or die, his supportive defense attorney exclaims, â€Å"You cannot kill this man, your Honor, for we have made it plain that we do not recognize that he lives!† Living in the Chicago slums as a poor, uneducated young black man whose only confidence can come from acts of violence, Bigger Thomas of Richard Wright’s novel Native Son is destined to meet a poor fate. Anger and hopelessness are a daily reality for him as he realizes that his life has no real meaning. When he accidentally murders a young, rich, white woman, however, his actions begin to have meaning as he accepts the crime as his own, even while he lies to the authorities. Bigger is, of course, taken down by a society who takes offense at the remarks of his supporters and seeks to justify itself. Bigger himself is doomed, but his emotions, his actions, and his motivations all help to give the reader a window into the mind of a criminal and a r epressed inner city African American. Fear, flight, fate. These are the three simple and meaningful words chosen by Wright to mark Bigger’s sad existence. Growing up angry at the white world, he is forced into working as a chauffeur for a rich white family, the Daltons, to support his struggling family. He is frightened and angered by the attempts of Mary Dalton and her Communist friend Jan to be friendly to him and interprets their actions as condescending. As he tries to stifle a drunken Mary to avoid detection after carrying her upstairs, he accidentally kills her. In a time of panic, he burns the body in the furnace and concocts an elaborate lie imputing the Communist Party. He lies, dodges questions, and even tries to demand ransom, but this can only last for so long before Bigger is named as chief suspect. He brings with him in flight his girlfriend Bessie and later kills her, as she cannot continue with him nor return home. After being caught and brought to trial he is supported by attorney Boris Max who de fends him intensely with his own eloquence and conviction. Bigger discovers that the man, though white, feels genuinely for him, but in the end, as dictated by fate, he is sentenced to death and is granted no clemency by a society refusing to take any responsibility for a member for whom it has failed to care.

Demonstrative Communication Essay

â€Å"Communication is an exchange of information, verbal pr written message and is the process of sending and receiving message†. () With communication there must be a sender and a receiver for it to take place. In this paper I will provide examples how effective and ineffective demonstrative communication can be positive or negative on situations. Also I will explain how demonstrative communication involves listening and responding. Demonstrative communication is nonverbal and unwritten communication thought facial expression or body language. Effective ways for a sender and receiver to communicate in a demonstrative way would be to send the right message. Sender would want to make sure the receiver comprehends and understands the sender. For example Kinesics: â€Å"refers to the many behaviors of the body†() these would include posture, gestures, and facial expressions. To make a positive gesture one could give the sender two thumbs up letting them know they did a great job. Letting the sender know they understand the message. A negative gestures would be a frown or to raise an eyebrow. This would provide feedback to the sender letting them know you disagree. Effective communication is a two way street for the sender and receiver. Ineffective ways for sender and receiver to communicate would be if the sender was demanding or ordering the receiver for something, and persuading or lecturing them. For example, using words like â€Å"you must† this may make the receiver think you are being demanding and they may resent you. Lecturing the receiver is another negative way to communicate with them. This may cause them to feel like they are wrong. Hepatic is a powerful form of communication. This would include giving the sender a pat on the back letting them knows you understand and everything was great. A native communication result would be a slap in the face. This would lead to many problems. Demonstrative communication between the sender and receiver will be positive if the sender does not overload the receiver with to much information at one time. If the receiver provides active listening or reading, this will allow the receiver to engage in what the sender is trying to get across to them. Demonstrative communication can also be negative if the receiver has a lack of eye contact or crossing of the arms. Things like this tell the sender one may not be interested in their message they are trying to get across. Provide feedback is a part of responding and giving the sender insurances that you are listening and understood what was being said. With demonstrative communication for example, one can respond by providing feedback like, â€Å"What I’m hearing is†¦Ã¢â‚¬  This lets the sender know you are listening to the message.

Starbucks Strategic

Starbucks – Strategic Management Prowess Efficacy Today we stand witness to a new coffee era, one made up of Caffe Lattes, Espresso Macchiatos, Cappuccinos and Frappuccinos. Specialty Coffee is here to stay and no one will be more eager to tell you that than Howard Schultz, CEO of Starbucks, the world’s largest specialty coffee bar. In 1993, Starbucks continued its aggressive expansion and moved into the East Coast market by establishing a presence in Washington, D. C.This expansion has continued and today Starbucks operates more then 15,800 stores internationally and employs roughly 140,000 employees. It grosses 11. 7 billion in annual revenue and is opening 5 new stores every day. (Starbucks Corporation, 2011) Starbucks competes with players both within the specialty market and against those outside the specialty coffee market. Some examples of competitors within the specialty coffee market are Tully’s coffee, Seattle’s Best Coffee, Peet’s Coffee, Caribou Coffee and other smaller chains.Those outside the specialty market include, Folgers, Proctor & Gamble, Dunkin Donuts, McDonalds and numerous other coffee serving establishments. Starbucks leverages its customer loyalty, premium quality coffee and the homey atmosphere of its stores to fend off competition. Specialty Coffee Industry Attractiveness The most attractive industry for any profit maximizing firm within a capitalistic society would be one in which they can have a pure monopoly. In economics this refers to situations in which one established firm can be the sole provider of a product or service in a particular market segment.This theory of monopoly would be one end of the industry attractiveness scale, while the other endpoint would be defined by the theory of perfect competition. This scale will help us to define the attractiveness of the specialty coffee industry in relation to these two extremes. The five forces analysis of the specialty coffee industry has allowe d us to identify some of the key structural characteristics of the main players in the industry, such as the buyers, suppliers, potential new entrants, potential substitutes and rivals within the industry.These key structural characteristics suggest that the forces exerted by these five players on the specialty coffee industry initially made it ideal for a situation to develop in which the industry structure was closer to the monopoly end point on the scale of attractiveness rather than the pure competition end point. The primary competition among rivals within the industry was not price oriented; the buyers of specialty coffee and the sellers of Arabica beans had little bargaining power at their disposal; and there existed no true substitutes for specialty coffee.The strongest force acting on the industry was that of the potential new entrants, which could be mitigated by a first mover firm if it was able to establish dominant brand recognition, successfully expand aggressively and create a defendable differentiated product. Therefore, placing the specialty coffee industry at its inception in the late 1980s on the scale defined above is now possible and it appears to reside closer to the monopoly end of the scale than perfect competition, making it a very desirable industry from the standpoint of a profit maximizing firm such as Starbucks.The second important factor influencing the attractiveness of an industry is the demographic makeup of the consumer base. The higher average American consumption of coffee per day, added to the attractiveness of the industry by providing an enormous pool of potential customers. These two factors also play a significant role in determining the attractiveness of the industry because they show that the average customer of the specialty coffee industry has more financial resources, education and consumes more coffee than the typical American.This implies a consumer base that is more flexible to price fluctuations and is less lik ely to fuel discounting among rival competitors, or a price war. Both Michael Porter's five forces analysis of the specialty coffee industry and the demographic makeup of the consumer base, then, suggest an extremely attractive industry with large growth potential in the late 1980s. The objective of any firm trying to dominate or monopolize the specialty coffee industry would be to create defendable sources of competitive advantage through the use of barriers to entry and a horizontal or organic hierarchy that could outpace competition in innovation.Results of the five forces analysis would suggest, given the unlikely prospect of a price war and the negative repercussions of one, that price superiority alone would be an ill-advised approach. Starbucks’ Success Factors First-mover advantage When Howard Shultz purchased the assets of Starbucks on August 18, 1987, he immediately set in motion an aggressive growth strategy targeted at the unique consumer base the specialty coffee industry attracted. Strategic expansion to eastChicago was chosen as the first major eastern expansion target because it presented enormous opportunities being located in the heartland of the two largest basic coffee companies in the United States. The first of these two companies was Folgers, part of the food and beverages division of Procter ; Gamble, and the second company was Maxwell House. California Expansion California simply represented a vast market with an ideal demographic makeup and open attitude toward high quality and innovative foods.Los Angeles was chosen to be the hub city in California given its status as a trendsetter and Hollywood's cultural ties to the rest of the country. The Catalog Another means Starbucks utilized to determine the most advantageous locations to open new stores was through their mail order catalog. This catalog gave customers the opportunity to order wholesale packaged Starbucks’ coffee beans from anywhere in the country. Employee Sati sfaction As Howard Schultz said in reference to his employees, â€Å"these people are not only the heart and soul but also the public face of the company.Every dollar earned passes through their hands. † Maintaining quality of Arabica beans In order to ensure that the quality of Arabica beans stayed at a consistently high level, Starbucks pursued strategies to secure their supply-chain. Environmental / Social Goodwill By collaborating publicly with Conservation International, Starbucks stands to increase their legitimacy with other NGOs; thus, reducing the risk of protests and the negative implications those protests would have on their brand image.This alliance also allowed Starbucks to attain economies of scale in regards to their ability to contribute positively to the community and the environment by tapping in to some of the expertise offered through Conservation international. The most important aspect of the strategic alliance with conservation international was the co llaborative development of C. A. F. E. practices (Coffee and Farmer Equity Practices). The primary goal of the C. A. F. E. practices was to enhance the coffee farmer’s quality of life and to ensure a long-term stream of high quality coffee.Capturing the concept of â€Å"The Third Place† Starbucks tries to offer a â€Å"third place†, where people can get away from the daily routines of their lives and enjoy a cup of coffee from Sumatra, Kenya or Costa Rica. Most importantly, it is a place that offers casual social interactions. Michael Porter’s 5 Forces Analysis The five variables responsible for the forces analyzed using this model are the industry suppliers, buyers, potential new entrants, substitute products and the competition among existing firms.The analysis will apply Porter's five forces model to the environment surrounding Starbucks today in order to develop an accurate understanding of the current specialty coffee industry. Industry Rivalry Starb ucks competes with a variety of smaller scale specialty coffee shops, mostly concentrated in different regions. All of these specialty coffee chains are differentiated from Starbucks in one way or another. Caribou Coffee is a specialty coffee chain that competes with Starbucks. Where Starbucks strives to create an upscale European atmosphere, Caribou coffee tries to implement a more American feel to their coffee houses.A Canadian-based company, A. L. Van Houtte, operates roughly 100 corporate outlets and franchises, serving nearly 3 million cups of coffee per day. As the original inspiration for Starbucks, Peet’s Coffee and Tea Company which originated in Berkeley, California still poses a serious competitive threat. In addition to these smaller scale specialty coffee companies, Starbucks must now compete against two of the largest companies in the fast food industry namely Dunkin Donuts, and McDonald's restaurant fast food chain. PASTE REST OF COMPETITOR LOGOSPotential for N ew Entrants The primary deterrents to entry in the specialty coffee industry are the various barriers to entry. The economies of scale within the specialty coffee industry have increased as the size of the top players has increased. There is numerous cost disadvantages imposed on new entrants that are independent of the economies of scale considerations. Product differentiation within the specialty coffee industry has moved towards more subjective traits such as the ambience of the store, the social responsibility of the company and brand identification.All of this makes it more difficult for new entrants to gain a solid customer base. Substitute Products The force created by substitute products in the specialty coffee industry has decreased. Supplier Bargaining Power This initiative was designed to. The fair trade coffee certification ensures that the coffee farmers would be compensated fairly for their crops. Their increased unity under this initiative worked as a positive externa lity by increasing their ability to exert bargaining power over their buyers, and this initiative is looked at by consumers in their decision of where to purchase their premium coffee.Bargaining Power of Buyers The primary buyers in the specialty coffee industry remain individual consumers, who neither engage in concerted behaviour nor individually purchase in large volumes relative to the total sales of a corporation such as Starbucks. The Specialty Coffee Industry Life Cycle: An Evolutionary Process Through the application of Michael Porter’s five forces model to the specialty coffee industry in which Starbucks currently competes, an understanding of the relative magnitude of each of the five competitive forces has been developed. Specialty Coffee Growth RateWhen analyzing the specialty coffee industry’s sales growth from 1990 to 2011, as illustrated in exhibit 1, we can see that the industry experienced enormous growth in total sales between 1998 and 2002. Using exh ibit 2, which depicts the generic stages of the industry lifecycle in a graphical format, we can compare the two and pose a hypothesis as to where the specialty coffee industry is in this life cycle. Namely, this comparison suggests that the specialty coffee industry is near the inflection point between the growth stage and the maturity stage in the industry lifecycle. Target Consumer SegmentWhen specialty coffee was first being produced, its target consumer segment was the upper income class. This can be seen in Exhibit 3, which shows a survey Starbucks conducted during the 1990s and highlights the high education and income of its average consumer. This specific customer segment has been nearly fully penetrated. Any additional growth will most likely come from those consumers with middle or lower incomes. Strategic Adaptation Strategies The first thing an organization must do to adapt to a changing lifecycle is to determine where the industry is in that lifecycle.From the assumptio ns made in this analysis, I have postulated that Starbucks and the specialty coffee industry in the United States is at the end of its growth stage and in the beginning of its mature stage. The buyer market will slowly become fully saturated and repeat buyers will become the primary constituents of the consumer base, with a stronger emphasis on discounting and less differentiation between brands. The next step is formulating a proper strategy to overcome the barriers, in the form of organizational inertia. This would involve developing a fundamental understanding of what the primary contributors to that inertia are.This in turn involves identifying the existing routines and capabilities, the hierarchy structure, along with the power structure and identifying the ingrained perceptions of the business from an outsider’s perspective. Competitive Advantage in a Mature Industry It is first important to determine how Starbucks should reorient their strategic focus, given the charac teristics of a mature industry. In the case of Starbucks, they should improve their capabilities in their distribution network and maintain their industry lead in low transportation costs. Starbucks, however, should not attempt to pursue cost advantage in low-cost inputs.In the specialty coffee industry, quality is determined in large part by the quality of the raw inputs, Arabica coffee beans, which are used during the brewing process. Starbucks also should not attempt to seek a cost advantage through their labor force. Undercutting these two inputs would place their brand reputation at risk, which would have a very detrimental effect on their profits. TO ADD: SWOT ANALYSIS + PORTER MODEL IN PICTORIAL FORM+ PESTEL ANALYSIS SOME MOER DIAGRAMS AND PICs Appendix: Starbuck global footprint Growth of Starbuck Stores over last 40 years

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