Saturday, November 16, 2019

Ethical Issues in the UK Government

Ethical Issues in the UK Government Part 1: Case study analysis[D1] Question 1:  Describe the main activities pursued by government. The UK government is a democratically elected entity that has jurisdictional rule over Great Britain and Northern Ireland forming what is commonly known at the United Kingdom. This government is led by the Prime Minister and consists of a tripartite system of a legislative, executive and judicial branches in order to rule consistently and fairly. In the case of the UK government, the legislative branch consists of the Cabinet, which is made up of government ministers who are responsible for making and deciding laws. The executive and legal branches represents the two Houses of Parliament; The House of Commons and The House of Lords respectively. The House of Commons carries out laws and represents peoples (constituencies) interests and the House of Lords scrutinise, amends and evaluates laws. There is also the Supreme Court, which also deals with judicial matters. The UK government also has a monarch figure head in the form of the Queen, who reads out decisions made in her speech. The UK government is responsible for protecting and providing both the economic and social systems of UK society by implementing decent laws for financial stability in UK markets and for providing public services including health care, education and transport for all members of society and including decent legislation to safeguard the quality of jobs and the welfare of citizens. Housing could be incorporated into that list as housing issues are a current concern in the UK. (Jonn Elledge 2017). Some say housing should be top priority for the government. (DCLG priority objectives, 2015 to 2020). The debates around housing vary between demands for the government to build more homes to combat the housing deficiencies around the country, due to densely populated towns and cities. Arguments around redeveloping inner cities and building new social housing on existing brown field sites, or capping private rental fees are all feasible with some ingenuity and forward planning by a willing gove rnment. Discuss the role of government in the case study provided. On the other side of the spectrum are the super-rich who, over many years, have been able to spend small fortunes on acquiring houses in London and other parts of the UK. The case study analysis (Booth, 2016) shows that the UK government has woken up to the fact that some rich millionaires are taking liberties by buying up properties in the UK, using money from questionable sources. The article shows the government has acted proactively and quite boldly to establish a legal framework to put new anti-corruption rules cracking down on offshore secrecy (Booth, 2016) in place to allow for a more transparent process when wealthy investors buy up expensive UK properties. This action by the government to ensure overseas investors and offshore companies have to join a public register of beneficial ownership (Booth, 2016) will reduce corruption in the housing industry. Implementing this legal framework will act as a precedent in safeguarding the UK housing market. It is a bold move by the gov ernment because the article points out many extremely affluent people may sell up their homes and relocate elsewhere as they will lose their anonymity in the UK once this new legislation becomes law. Question 2:  Describe how supply and demand interact to shape prices and  discuss how this applies to Londons property market. The property market is extremely unique in regards to supply and demand concepts. In the property market demand outstrips supply and some of the determinants of this is due to the increases in population, the obtainability of available property and stamp duty costs. There is a lack of Ceteris paribus meaning that all is not equal or held constant in the UK property market at the moment. (Alessandro Sancino, 2015) Before the economic crisis in 2008, house prices continued to soar at unprecedented levels allowing the equilibrium of supply and demand in the property industry to go off track. The economic crash brought with it opportunities for regulating the property market, and allows the elasticity of demand to fall back in line with supply and bring the levels of equilibrium back to an level playing field for the UK property market. Question 3:  Using one theory of ethics, describe the key ethical issues in the case and what you think the Prime Minister should do. A theory of ethics that is relevant for this discussion would be the ethics around justice in organisations and societies. Justice is an ethical perspective that takes account of how benefits and resources are distributed in a society, or even within an organisation. It asks one to think about how one might design just opportunities and the distribution of wealth. (Owain SmoloviĆ¡-Jones, 2015). This theory of ethics would be ideal for the UK government to consider when implementing regulation of the housing market. Ideas around the distributive justice is imperative for a democratic government. I think that this type of ethics is important in regulating the property market because it gives young people a better chance to own their own home and not be priced out the housing market for the foreseeable future. The government that was in power when the case study was written was run by the Conservative Party and led by David Cameron. That government has overtones of having a ca pitalist perspective, which holds that justice is determined by the benefits generated through work which should be distributed according to contribution. In order to apply to a greater demographic of society, that particular government incorporated elements of justice through a socialist perspective to gain greater appeal. This may have been the thinking behind regulating the housing market in the fashion they chose as highlighted in the case study. (Booth, 2016) So that not only the super-rich would benefit from future home ownership in London. This thinking was right in order for the government to show that they are listening to the concerns about the need for regulation in the property sector being generated by MPs, who have been speaking on behalf of their constituents. Question 4:  Identified two human rights that are important in the case.  Explain why these are important and how the Prime Minister should respond. There are two human rights from the Declaration of Human Rights charter (1948) that are relevant for discussion here. The first, Article 12, states that No one shall be subjected to arbitrary interference with his privacy, family, home or correspondence, nor to attacks upon his honour and reputation. Everyone has the right to the protection of the law against such interference or attacks. (Universal Declaration of Human Rights, 1948). The UK government should factor in this human rights article in regards to the implications of regulating the London housing market because the case study (Booth, 2016) shows that the super-rich could abandon plans to buy homes in Britain, as they would lose their anonymity once they join the public register for foreign home ownership in the UK. The government should respond to these concerns by putting plans in place, maybe through an advisory board, to make sure the public register, although public, is not used as a tool by the media to scapegoat the super-rich and scaremonger the wider public with tales of unfair home ownership by foreign investors. As undoubtable, the super-rich do make substantial contributions to the UK economy that the government would not want to lose. The second, Article 17 states that everyone should be able to purchase property in their home country (Human Rights Declaration, 1948). This is self-explanatory and affords the government leverage to act on behalf of the interests of British citizens without breaking any discriminatory laws. Currently house prices are soaring at an increasing extent and arguments widely heard include that buying homes are becoming increasingly difficult for first time buyers, and young people to purchase. Due in part to the huge deposits needed to secure a mortgage and the ominous increases in the private rental market. The UK government could use this article to their advantage by stating that this regulatory measure will be used as a stepping stone for further regulation of the housing market and look to tackle these other issues as the next priority. Activities could include working with private sector businesses through Public Private Partnerships to build more homes on existing brownfield sites and factor in through further legislation that only a third of those homes can be sold to foreign investors, whilst two-thirds are ring-fenced for British citizens using, on this occasion, the controversial concept of positive discrimination in regards to British citizens seen as priority over foreign investors. References Sancino, A, Readings 37-45 (2015), Open University. Booth (2016) Super-rich may quit London homes under new anti-corruption rules Open University. Department for Communities and Local Governments (DCLG) single departmental plan. Priority objectives for 2015 to 2020. [online] (Updated 2 September 2016). Available at https://www.gov.uk/government/publications/dclg-single-departmental-plan-2015-to-2020/single-departmental-plan-2015-to-2020. Elledge, J (2017) Britains housing crisis could be solved if only the government wanted to. The Guardian, 30 January 2017 [online]. Available at https://www.google.co.uk/amp/s/amp.theguardian.com/commentisfree/2017/jan/30/britain-housing-crisis-solved-social-housing. SmoloviĆ¡-Jones, O (2015), Readings 46-55, Open University. Universal Declaration of Human Rights (1948) [online] Available at http://www.un.org/en/universal-declaration-human-rights/. [D1]I note straiught awqay that you have not used the full word count. You appear to be short by several hundred words. Please ensure you use the full allowance in your EMA. While quantity doies not guarantee quality, by missing out on so many words there will be an effect on the quality fo your work.

Wednesday, November 13, 2019

The Hypocrisy of Teaching American History Essay -- American History

The Hypocrisy of Teaching American History Reading, writing and arithmetic, these three subjects are the basic outline for American schools. In those subjects, where does history fit in? Some believe that teachers avoid history because of how corrupt America has been. James W. Loewen, author of Lies My Teacher Told Me, says, "Parents may feel undermined when children get tools of information not available to adults and use them in ways that seem to threaten adult-held values." (Loewen 296.) The adults had to learn the same false history children are being taught today. By teaching children the truth about history, are adults risking the authority they hold along with adult-held values? "Learning social studies is to no small extent, learning to be stupid." (LMTTM 298.) What happens when history teachers and textbooks lie? Not only will the children grow up to be uneducated, but they'll continue to teach the same lies to their own children. The excuse most teachers use, according to Loewen, is they "feel they are supposed to defend and endorse America." (LMTTM 289.) If teachers told students about Woodrow Wilson being racist, Columbus forcing Indians into slavery, or how the FBI worked against the civil rights movement then children would be too aware of how the world works. Is this necessarily a bad thing? No, because the truth is always better than a lie, regardless of how ugly it may be. In order to be a truly good American, children must learn this country's true his...

Monday, November 11, 2019

Midland Energy Resources, Cost of Capital

Midland Energy Resources, Cost of Capital The case is about how Janet Mortensen, senior vice president of project finance for Midland Energy Resources, prepare her annual cost of capital estimates for midland and each of its three divisions for her company. Midland was a global energy company with operations in oil and gas exploration and production (E&P), refining and marketing(R&M), and petrochemicals. Estimates of cost of capital prepared by Mortensen were used in many analyses within Midland, including asset appraisals for both capital budgeting and financial accounting, performance assessments.Since her calculations had been widely applied in various areas and became influential, she was considering appending a sort of user’s guide to the 2007 set of calculations for reference to different applications. Mortensen used WACC formula to estimate cost of capital, compute the cost of debt by adding a premium over US Treasury securities of a similar maturity, and calculate the cost of equity by using the CAPM formula. After reviewing the case and tables given, we calculated the company’s composite WACC and WACCs for each division respectively. The company’s composite WACC is 8. 19%. The inputs we used are spread to treasury of 1. 2%, debt ratio of 42. 2%, Treasury bond yields of 4. 98% at a 30-year maturity, the 2006 tax rate of 39%, beta of 1. 25, and EMRP of 5%. However, we do not think that EMRP given in the case is appropriate. Instead, we recommend 3. 3%, which is the most recent EMRP estimate according the survey results in the Exhibit 6. Midland cannot use the same WACC for all divisions. It has three different divisions with different risk or Beta, which is given in Exhibit 5. If midland uses same WACC for all division it can accept risky investment or some time it may mislead by giving up profitable investment.It should use corporate WACC only for corporate level decision. WACC for E&P and R&M is calculated by using cost of debt by adding risk free rate plus spread to TB. From the Exhibit 5, weights for debt and Equity are calculated. WACC of E&P is 8. 82 and R&F is 9. 83. Both WACC are different to each other because they have different risk level, leverage and credit rating. Calculation Part: WACC (E&P):=rd(D/V)(1-t)+re(E/V)=6. 58*0. 2847(1-0. 39)+10. 73*0. 7153=8. 8178 rd=rf+spread =4. 98+1. 6=6. 58, re=rf+B(EMRP)=4. 98+1. 15*5=10. 73 D/E=0. 398 or V-E/E=0. 398 or E/V=0. 7153D/V=1-E/V=1-0. 7153=0. 2847 WACC (R&M)=rd(D/V)(1-t)+re(E/V)=6. 78*0. 1687(1-0. 39)+10. 98*0. 8313=9. 8253 rd= rf+spread =4. 98+1. 8=6. 78re= rf+B(EMRP)=4. 98+1. 2*5=10. 98 D/E=0. 203orV-E/E=0. 203orE/V=0. 8313, D/V=1-E/V=1-0. 8313=0. 1687 For Petrochemical division, since we don’t have sufficient information of that division. We cannot compute our Beta so that we cannot get an exact number of WACC for the division. If the managers want to have a rough estimate, they can use the overall Beta as an average for three divisions and c alculate the Beta for Petrochemical division. Then they can get the WACC.

Friday, November 8, 2019

There is No Typical American Slave Experience essays

There is No Typical American Slave Experience essays There is no typical American slave experience. Each and every occurrence that has be relayed to this day and age tells an entirely different story and provides a new prospective on the complete slave experience. Beloved produces an entirely new spin on the whole idea of the slave experience because it requires the reader to realize the human and emotional aspect of slaves. Toni Morrisons Beloved narrates the typical slave experience from one specific account, but allows the reader to see that the slave experience goes much deeper than the physical abuse and torment. In history today, there is one simple image that is spoon fed to pupils since the beginning of their academic career. It is not a glorified or skewed image, but nonetheless, it is not accurate either. The image that has been processed consists mainly on just the negative physical aspects of slavery. The whippings, the beatings, even the lynching; none has been censored. Beloved does include this in its text, however, the book focuses on the deeper pain. The emotional aspect of not receiving recognition as a human, the mental anguish of being owned, this is the pain Beloved feels should be recognized more so than the beatings. The reader is immediately introduced to Sethe and the scars on her back that form the tree. The next aspect of pain in Sethes life describes her mock wedding, which is described in much more detail than the tree on Sethes possibly because more pain was felt at her wedding than her infamous whipping. Sethe asks when she will get a wedding, Mrs. Garner put down her cooking spoon. Laughing a little, she touched Sethe on the head, saying You are one sweet child. And then no more. (28) It was painful enough for Sethe to not receive a wedding, but she is treated like it is a joke and entirely out of the question. It is abuse like this that was in fact typical in slave years, bu...

Wednesday, November 6, 2019

A Modernization of Machiavellis The Prince essays

A Modernization of Machiavellis The Prince essays Machiavelli's The Prince has long been used and studied as a manual for those who are already in power or for those who wish to have power. Through rational thinking about political power, Machiavelli is the authoritative source on how one should lead and govern. To illustrate his points, Machiavelli uses many examples of leadership from his life and some from history before 1469. To many readers however these examples are not of relevance anymore because the examples are so dated. To bring the influence back into The Prince, we must put the work into a more modern context. In chapter 16, Machiavelli debates on whether it is better to be liberal or stingy in governing. In a leader both of these traits can be either beneficial or detrimental to leadership. Liberalism, if stopped, can cause those who one governs to believe that they are now stingy. Liberality is most dangerous for those already in power. The French Revolution, some would argue, started because of this scenario. When the French government got into outstanding debt the aristocracy turned to the people to bail them out. When the people were reluctant to this agreement with the noble classes, the middle class pleaded its case for economic reforms to help the government. When their requests were met, the people revolted. People live in the present and do not look to the past very well. Machiavelli concludes that leaders must start out stingy and work their liberality to their advantage. One who is seen as stingy on moment can make one gesture and be thought liberal and gain presti ge from those they govern. In chapter 17 of The Prince, the discussion revolves around whether it is better to be feared or loved as a leader. Although all princes should strive for both, Machiavelli concludes that it is much better to be feared than loved. Many countries today use fear to control their population and rule effectively. Iraq's current dictator, Saddam Hussei ...

Monday, November 4, 2019

History Discussion Research Paper Example | Topics and Well Written Essays - 250 words - 9

History Discussion - Research Paper Example 90). This made President Jackson make a lot of mistakes that caused United States great damage both economically and politically. During his tenure some of the United States countries even tried to secede from the union. Jackson signing of tariff into law in 1882, some countries such as South Carolina felt ignored the move an aspect that made President Jackson administration to almost make use military in making sure that South Carolina paid the tariff (Brinkley, & Dyer 2004, p. 93). The administration was also involved with different cases of corruption. The administration was unable to fight cases of corruption that faced the government especially the allegations that were directed towards some of the cabinet officials. This made the fight be tough to deal with as the officials still held their positions in the government thereby covering up any attempt to uncover their actions. This led to starting of a campaign that was aimed at eliminating all officials that had corruption records but this move was unsuccessful (Brinkley, & Dyer 2004, p.

Saturday, November 2, 2019

Social Marketing Campaign for Youth Gangs Assignment

Social Marketing Campaign for Youth Gangs - Assignment Example This essay declares that the proliferation of gangs is a national and local issue. The young ages of gang members and resulting individual and collective deviant behaviours make them a particular national concern. The basic age range of gang members is between 12 and 24 years, with the average ages of 17 and 18 years. These are children who should be studying in school and being moulded by society to reach for their dreams and upmost potentials. Instead, they are engaging in deviant and criminal behaviours. States and local communities also experience a rising incidence of gang membership. This paper makes a conclusion that in Atlanta, International Robbing Crew and 30 Deep are two of the largest gangs. They are mostly involved in drugs and robberies. The literature on the social context of gang membership contains numerous contradictions. Albert Cohen advances a subculture theory that seeks to explain why the youth join gangs. In particular, a gang provides them the opportunity to belong, to develop their sense of masculinity, to do something that is â€Å"valuable†, or to fight middle-class society and authority follows the study of psychologist Erik Erikson to understand gang membership. Erik Erikson argues that identity is a â€Å"developmental phenomenon† shaped by the social conditions and internal developmental processes. A social and cultural background that provides for the identity formation process and helps adolescents achieve their human identity needs is beneficial to a robust identity formation.