Risk Management Cycle Analysis Finance Essay - Free Essay Example

Sample details Pages: 9 Words: 2587 Downloads: 7 Date added: 2017/06/26 Category Finance Essay Type Argumentative essay Did you like this example? Risk is known as the probability or chance of loss, damage or hazard. Risk is related to every single entity in life. It is simply inevitable, and that serves as a significant motive for the development of various sophisticated techniques that help identify, quantify, manage and mitigate it. Don’t waste time! Our writers will create an original "Risk Management Cycle Analysis Finance Essay" essay for you Create order The risk management cycle contains complicated procedures and processes safeguarding firms of all shapes and sizes from the costs of destruction. This essay will effectively explain analyze, and evaluate JP Morgans 2012 Two Billion dollar trade loss. The text will present each step of the banks Risk Management Cycle, carefully illustrating where things went wrong while presenting their effective recovery plan and future Credit Risk Mitigation. JP Morgan Chase Profile J.P Morgan Chase is considered as United States largest bank. The bank has more than 260,000 employees, $2.3 trillion in managed assets and more than $1.1 trillion deposits. Although today, the financial institution is in the recovery phase of an uncontrolled disastrous trading loss. (Remy Raisner, 2012) Disastrous Trading Loss JP Morgan was one of the banks that considerably managed and recovered from the 2008 financial crisis effectively. However recently, the bank experienced a massive and severe trading loss leaving them on shaky grounds. It is demonstrated that the major loss was concentrated in the Chief Investment Office totaling $5.8 billion dollars in the beginning of 2012. This illustrates the poor cash management in the first half of this year. The actual credit trades are still under investigation, it is obvious that the JP Morgan Chase suffers from large consequential reputational loss. The banks Chief Executive Officer Jamie Dimon suffered great reputational loss due to his limited management and control of the situation. He has gained such a strong image over the last twenty five years for his impartial risk management of growth and volatility management that basically went down the drain. (Mike, 2012) What Caused the Trading Loss? There needs to be an accurate understanding of the situation to interpret whether the huge loss was as a result of the banks failed risk management employees or what is expected of risk officers duties. Strategic management There is an ongoing debate regarding the functions and credibility of the banks risk management staff and managers. Chief Executive Officer JP Morgans well respected CEO Dimon only knew about the multibillion trade loss through the wall street journal article months after the bank was trading and severely losing. (Denning, 2012) This demonstrates that the strategic management was poorly executed. How can a CEO of a firm not acknowledge the fact that risky trading activities are implemented that could suffer greatly from environmental and market changes? Given his reputation as a leading risk manager that helped JP Morgan recover efficiently and effectively after the financial crisis, he should have monitored and controlled the trading activities identifying and measuring their risk exposures. Treasury Department It was stated in a Wall Street Journal that during the period where the Chief Investment Office traded risky complex bonds resulting in more than five billion in losses, a treasurer was surprisingly absent! The person responsible for risk management was incompetent or inexperienced and was appointed in charge of the department as a result of internal connection. Risk Management Department Overall JP Morgans management underestimates the severity and complexity of their risky decisions along with the substantial consequential losses. They simply classified the disaster as executing hedges poorly and failing to monitor them properly (Mike, 2012) There should have been recognition regarding the monitoring of such risky investments in order to prevent the severity of such losses from occurring. Given that the credit risks were identified and measured before the trading activities occurred; it is the managements responsibility to oversee the outcomes of their actions periodically. There should have been predictions and oversight of economic and market changes that would affect their positions so greatly. Resolving the Problem The managements attempt to solve the problem was very basic, simple and insufficient. They only dismiss traders like Ms. Drew and replacing her with similar traders with the same bonuses. Other than that, it is mentioned that various CIO executives left the organization after the loss occurred. This does not mean in any way that the losses will be compensated or prevented in the future. There should have been stricter controls on the employment of these traders in the first place. Competent traders and executives are crucial for a giant like JP Morgan especially when trading in risky activities like this one. JP Morgans Risk Management It is stated in the banks annual report that they have a wide range of processes and procedures to safeguard the banks stakeholders and to ensure sufficient business conduct. The giant has a substantial amount of staff concentrated in audit, compliance and legal departments reaching 3,600 workers. We know we wont always be perfect, but it wont be for lack of trying. (Chase, 2011) Market Risk Management Cycle The 2012 trading disaster highlights the inefficiencies in JP Morgans market risk management. It is described as the risk of unexpected unfavorable change in market prices leading to negative values of a firms financial instruments and portfolios. As defended in the Romney campaign, JP Morgans loss is a result of market risk. (WASHINGTON, 2012) The banks Chief Risk Officer is in charge of risk management. It is the main objective of controlling market risk is to decrease operational volatility, transparency of all market portfolios to senior managers, making efficient and effective decisions regarding investment returns. Senior Management and the Board of Directors are in charge of many market risk functions. They should create market risk strategy framework, approving and monitoring of limits, quantities and qualitative risk assessments like stress testing while of course measuring, monitoring and controlling the businesss market risk. Risk identification and classification All business lines are responsible for identifying the various market risks in each unit. Usually market risks result from activities like Mortgage production, Private or Corporate Equity, IB and CIO. For the specific disaster discussed in this essay, the market risk has led to substantial losses in the Chief Investment Office. Chief Investment Office Unit (CIO) This department deals with managing the risk involved in the different activities that JP Morgan deals with, mainly working with structural risks. The market risk is related by measuring the net and structural exposures of the various activities. It is true that the multibillion dollar loss was concentrated in the CIO unit of the bank, however, the problem or incompetence is not illustrates in the risk identification phase. The problem arose in a later stage of the cycle. Risk measurement Risk measurement is the process of using techniques that illustrate a firms risk exposure. JP Morgan utilizes several measures to get an accurate image of market risk through statistical and non- statistical measures. Value-at-risk The statistical risk measure is used by the bank to predict the probable loss exposure from negative market changes. Everyday this measure is calculated comprehensively as a part of risk management activities combining the majority of market risk factors. VaR is a significant technique that is stable across business. It allows the bank to compare and risk exposure to the monitoring limits set. This figure is then reported to senior management and used for capital and regulatory purposes. The problem with this technique is that it assumes that the historical data and values represent the immediate futures outcomes and distribution. The company sets a (95%) confidence level and losses are predicted to be more than the VaR value (5%). (Appendix1) According to the disaster that led to the multibillion dollar loss in 2012, it was said that the VaR measures were undervalued. CIO risk limits were not sufficiently granular; and the approval and implementation during the first quarter of 2012 of the CIO VaR model related to the synthetic credit portfolio had been inadequate. (Chase, 2012) VaR back-testing The bank performs the back VaR back testing on a daily basis. June 30, 2012 illustrates that three days VaR values exceeded the actual values due to the CIOs synthetic credit portfolio which encountered adverse market fluctuations. The histogram in (Appendix 2) illustrates the CIO market risk losses at this date. Economic-value stress testing This technique illustrates the banks exposure to unlikely but significant market changes. Scenarios are set that predict the maximum losses created by risk management valuations of macroeconomic events like financial crisis or disasters. They are updated on an ongoing basis reflecting the dynamic changes of markets. It is an efficient technique of controlling risk. They are also reported to senior management for transparency. Non-statistical risk measures Measures like interest rate basis and market values provide information about the banks market risk exposure. They are integrated with the risk type and line of business for monitoring and controls. Loss advisories and revenue drawdowns These are techniques that illustrate losses up to a specified limit. This technique should have been monitored when the loss exposure to the CIO reached multibillion dollars. The senior management should have picked up on such figures. Risk identification for large exposures This is used to identify the losses from specific events like change in tax regulations or variety of market fluctuations. This allows the bank to adequately monitor the earning sensitivity. Risk monitoring and control Limits JP Morgan controls market risk through the limits it sets like VaR and stress limits while incorporating non-statistical measures and profit /loss drawdowns mentioned above. These values reflect the firms risk appetite, liquidity, market volatility and management. They are also in line with the business portfolios. In the disaster discussed, it is obvious that the limits set were not as accurate and were not monitored well by risk managers and the senior managers. There should have been stricter control and limits when dealing with complex CIO activities. Model review Models mentioned above are used for management and monitoring of risk. The valuation models are used for risk management models and for calculating capital and regulatory requirement. If the model reviews were monitored by the Chief Risk Officer in an effective manner, there would have been clear indications of the loss exposures. (Appendix, 2) Risk reporting The measures and models discussed above are supposed to be reported on a daily basis to senior management. Other measures like trends; profit/loss, stress testing and portfolio changes are reported on a weekly basis. (Chase, 2012) This seems hard to believe in which the senior management were oblivious of the losses and market changes that led to the loss. As mentioned several times the CEO only learned about the issue through the articles. Effective Risk Management Strategy JP Morgan Chase was always known for its outstanding risk management. However, this trading loss could have been a result of their overconfidence and lack of monitoring. A new framework is required to help executives classify risk based on their relation to strategy and controllability. Risk is divided into three categories preventable, strategy and external risks. (Mike, 2012) Preventable Risks They consist of internal risk elements in the bank. They could be controlled, eliminated and managed by ongoing monitoring operational practices, executive involvement in employees decision, behaviors and activities. They are achieved through setting preventions, limits and norms. (Mikes, 2012) Strategy Risks This is the risk that JP Morgan takes voluntarily to make excessive returns. It was known for its smart risk taking activities. This type of risk is actually desirable as illustrated in the case. The CIO unit took significant risk to capture substantial gains. The banks risk management system needs to be more effective in reducing the materialization of strategy risk. They should also build plans for occasions that cover losses where these events occur. (Mikes, 2012) External risks These are the risks that have affected the CIO unit activities the most. They are the risks that are out of the banks control. The macroeconomic shifts that occurred affected the outcome of the investment and hedging goals intended. The approach needed to deal with external risk should be detailed and studied. There needs to be accurate detailed identification and mitigation of future activities. (Mikes, 2012) Conclusions Recommendations JP Morgan Chase went through a disastrous crunch in the first part of 2012. Their CIO synthetic credit portfolio aiming to hedge against the stressed credit environment did not perform as expected after 2011. Unfortunately, the complex derivative portfolio changes in size and characteristics and so lead to a substantial increase in risk association. Before June 30, 2012; the CIO synthetic portfolio lost $4.4 billion and $5.8 billion. The transfer of a segment of the portfolio to the IB led to the additional loss of $ 800 million and $1.7 billion. These conclusions are a result of the analysis and review of stress testing and simulated scenario techniques. (Chase, 2012) After examining the banks strategic management and risk management cycle it is obvious that the disaster occurred as a result of overconfidence and lack of monitoring and reporting transparency. The senior management was not aware of the losses and defects that were occurring. Some of JP Morgans executives were al so described as being inexperienced. The CIO traders involved in the disaster have also stepped down or have been replaced. However, it is also suggested that this problem would have occurred with even flawless risk management. They could be due to the sudden changes in the market and sudden actions after April 10, 2012. It is demonstrated that the techniques used to measure and identify market risk are not the problem. JP Morgan utilizes efficient and sophisticated risk management techniques. The problem lies in the monitoring and reporting segment of the risk management cycle. If the CEO knew about the problem before reading the article, they could have managed the situation differently. In order to avoid future issues in miscommunication and risk monitoring JP Morgan Chase need to adapt or make use of a new framework that segments risk into preventable, strategy and external parts. By dividing them and setting risk management for each division they will be able to forecast and hedge against losses in a more effective manner. They have also taken measures after the disaster for the bank to recover its losses. (Appendix, 3) Works Cited Bianco, J., 2012. Understanding J.P. Morgans Loss, And Why More Might Be Coming. [Online] Available at: https://www.ritholtz.com/blog/2012/05/understanding-j-p-morgans-loss-and-why-more-might-be-coming/ [Accessed 15 November 2012]. Chase, J. M., 2011. 2011 ANNUAL REPORT. [Online] Available at: https://files.shareholder.com/downloads/ONE/2169295553x0x556139/75b4bd59-02e7-4495-a84c-06e0b19d6990/JPMC_2011_annual_report_complete.pdf [Accessed 14 November 2012]. Chase, J. M., 2012. CORP Q2 2012. [Online] Available at: https://www.sec.gov/Archives/edgar/data/19617/000001961712000264/jpm-2012063010q.htm#s3B241053CD178D0FE04E57787E0ACC5A [Accessed 16 Novemebr 2012]. Denning, S., 2012. The Risky Risk Management Practices at JPMorgan Chase. Forbes, 18 May. DiSavino, C. P. a. S., 2012. Regulators cut JPMorgans ability to trade power. [Online] Available at: https://www.reuters.com/article/2012/11/15/us-jpmorgan-ferc-powertrading-idUSBRE8AE08L20121115 [Access ed 19 November 2012]. JPM, W., 2012. JPMorgan And Wells Fargo Report Record Profits, Potential Long-Term Opportunities. [Online] Available at: https://seekingalpha.com/article/938381-jpmorgan-and-wells-fargo-report-record-profits-potential-long-term-opportunities [Accessed 16 Novemeber 2012]. Kopecki, D., 2012. JPMorgan Posts Trading Loss on 10 Days as Derivative Bet Unwinds. [Online] Available at: https://www.businessweek.com/news/2012-11-08/jpmorgan-posts-trading-loss-on-10-days-as-derivative-bet-unwinds [Accessed 10 November 2012]. Mike, R. K. a. A., 2012. JP Morgans Loss: Bigger than Risk Management. Harvard Business Review, 23 May. Mikes, R. S. K. a. A., 2012. Managing Risks: A New Framework. [Online] Available at: https://hbr.org/2012/06/managing-risks-a-new-framework/ar/1 [Accessed 16 Novemebr 2012]. Remy Raisner, C., 2012. Where Does JPMorgan Stand Now. Seeking Alpha, 8 November. SILVER-GREENBERG, J., 2012. JPMorgan Sues Boss of London Wha le in Trading Loss. [Online] Available at: https://dealbook.nytimes.com/2012/10/31/jpmorgan-sues-boss-of-london-whale/ [Accessed 10 November 2012]. WASHINGTON, 2012. Romney campaign defends JPMorgan loss as market risk. [Online] Available at: https://www.reuters.com/article/2012/05/15/us-usa-campaign-romney-jpmorgan-idUSBRE84E0NX20120515 [Accessed 14 November 2012].

Night Creature Blue Moon Chapter 16 Free Essays

I’d slept the day away and only had an hour before Ca-dotte was supposed to show up. The damn twine had rubbed a raw circle around my neck. A cold compress plus a liberal application of vitamin E took away the sting. We will write a custom essay sample on Night Creature: Blue Moon Chapter 16 or any similar topic only for you Order Now To hide the mark, I put on a sleeveless mock turtle-neck instead of a tank top; then I transferred the totem to a gold chain my mother had given me for my sixteenth birthday, which I’d never worn. I doubted she’d approve of the way I was wearing it now, but the chain was my present and she wasn’t here. My rationalization for a lot of the things I did that my mother wouldn’t approve of. I chose shorts instead of jeans. Judging by the heat of my apartment, we’d enjoyed the first true day of summer while I’d been asleep. I threw open a few windows. I couldn’t see turning on the air-conditioning when the setting of the sun was only a few hours away. Besides, I had good legs and, being tall, I had a lot of them. Swimming toned much better than jogging. I preferred round, feminine muscle to stringy sinew and emaciated calves. I turned my cell phone on long enough to dial a pizza, then shut it off again. If there were messages pending, they were no doubt from Clyde. I’d have to deal with him later, and later was when I would deal with him. Right now I was going to enjoy the evening. A little pizza, a little Cadotte. If things went well, I might even be in a good mood by the time I went to work. I was hoping sex could erase the memory of that very strange dream. I’d never been into bestiality, so what was the matter with me now? The stone shifted between my breasts, making me jump. I’d been standing at the floor-length window, staring at the summer sun. I hadn’t moved. Why had the totem? The dream had me spooked, that’s all. Dreams were just dreams, despite any woo-woo propaganda to the contrary. They were not truth or predictions, not buried secrets or hidden hopes. They were just images that meant nothing at all. But what images! Illusions tumbled through my mind of bodies entwined, sweat-slicked skin, heated flesh. These were followed by the tactile memory of soft fur, a smooth tongue. A man and a beast become one – or had that been a woman and a beast? The doorbell rang and I started. I was rolling the totem between two fingers like a worry bead. The stone was warm. I dropped the icon back down my shirt as if it were on fire. Woman and beast? That was a bit too kinky for comfort, and my mind shied away from the thought. Cadotte stood in the hall with a pizza. I was so hungry I wanted to eat them both. What was wrong with me? Nothing that a little pizza and a lot of sex wouldn’t solve. â€Å"I met the delivery boy coming up.† â€Å"I’ll pay you.† I opened the door wide, inviting him in. â€Å"Yeah, you will.† He crowded me close, kicked the door shut, then kissed me – hard, deep, and wet. Maybe sex, then pizza was a better idea. He stepped back and tilted his head. â€Å"There, all paid up.† â€Å"With one kiss?† â€Å"You’re a very good kisser.† I was left standing stunned in the hall when he strode into the apartment. I got so few compliments, and I’d never received one on how well I kissed. I had no idea what to say. I wasn’t required to say anything. By the time I reached the sofa, he had his mouth full of food. He’d brought wine. I got him a glass and a corkscrew. â€Å"You don’t drink?† He eyed the single glass. â€Å"I have to work in four hours.† â€Å"That doesn’t answer my question.† â€Å"Sure I drink.† I’d rarely met a cop who didn’t, unless at one time they’d overindulged and were now on the wagon. Police work, even in a tiny town like Miniwa, was stressful. Cops drank. Period. A lot of them smoked, too. Or did chew, like Clyde. Thankfully I’d been able to manage my stress, so far, with the occasional Bloody Mary and a twilight swim. â€Å"I suppose working third shift makes a beer at the end of your day a lot less than appealing.† He opened the wine. I’d never thought of it that way, but Cadotte was right. When I got off at 7:00 a.m. I didn’t want alcohol; I didn’t even want coffee. I just wanted my bed. Although if I kept having weird dreams, pretty soon I wouldn’t want that. â€Å"Mmm.† Cadotte had his mouth full again, so I joined him. Fifteen minutes later we were done. Cadotte scooted back on the couch, half-full glass of blood-red wine cradled in his long fingers. His thumb stroked the bowl and I lifted my gaze from his hand to his face. He took a sip. A drop clung to his lip, and his tongue swept out to capture it. His earring glittered in the glare of the setting sun. I wanted to take that earring in my teeth and tug him into the bedroom. â€Å"Shall we get down to business?† â€Å"Mmm-hmm,† I murmured, captivated by the way the light turned the golden feather from red to orange and back again. â€Å"Do you have the totem?† â€Å"Huh?† He smiled and set his glass on the coffee table with a click. Cadotte knew the effect he had on women and I found myself wondering: Was he playing me to get to the totem? Paranoid? Moi? Definitely. Nevertheless, I straightened, shook off the sexual inertia, and turned away. â€Å"It’s gone.† â€Å"Gone? What do you mean, gone?† â€Å"Disappeared? Stolen? Poof? Take your pick.† I was getting mighty good at lying. He got so quiet, if I hadn’t heard him breathing I might have thought he’d gone over the balcony- – this time in the opposite direction. â€Å"Oh well,† he said at last. â€Å"I guess it’s a good thing I sketched it.† Paper crinkled and I spun around. He leaned over the coffee table, smoothing a white rectangle. Then he pulled a bunch of other papers from his back pocket and set them all side by side. â€Å"Y-you aren’t upset about the totem?† He glanced up. He’d put on his glasses. My heart went ba-boom. â€Å"Upset? Why should I be? It wasn’t mine.† â€Å"Wasn’t mine, either,† I grumbled. He studied me for a moment. â€Å"What happened?† I didn’t think I should tell him about the evidence room fiasco. Clyde would say that was police business, and since I was in enough trouble with Clyde already, I decided to keep my lips zipped on the subject. â€Å"I really can’t say.† â€Å"You’re in trouble?† I was, so I nodded. Cadotte beckoned, then patted the sofa at his side. â€Å"Come here.† My paranoia seemed just that in the face of his lack of concern over the missing totem. Of course, what good did it do him to be upset? The thing was gone – or so he thought. When I joined him on the couch, our hips bumped. I shifted away. He followed, pressing his jean-clad thigh to mine. When I cast him a quick glance, however, he was staring at the paperwork and not at me. I left my leg right where it was. â€Å"See this?† I followed his finger to an extremely accurate pencil drawing of the totem, larger than the actual stone; the markings had been enlarged as well. They were much easier to see this way. â€Å"You’re good,† I said. â€Å"You have no idea.† That surprised a laugh out of me. The sound made me realize how seldom I heard it. Pretty sad. I was twenty-six and already the laughter had died. Perhaps with this man I could get it back. Cadotte shuffled the stack of papers – printouts from the World Wide Web. â€Å"What would we do without the Internet?† I murmured. â€Å"A lot of work. I can find more there in an hour than I could find in a week at the library. Aha!† He snatched a sheet out of the center of the pile. â€Å"Look at this.† Placing the two papers next to each other, he slid them closer to me. The Internet printout showed an ancient, emaciated being with long teeth and even longer fingernails. â€Å"Matchi-auwishuk,† he whispered. The trees rustled outside, and a sudden breeze came through the open balcony doors. As if expecting it, Cadotte put his hands on top of the papers. The breeze stopped as suddenly as it had begun. Okay. That was weird. I glanced at him, but he didn’t seem disturbed. By the breeze. Instead, he scowled at the drawings. â€Å"I don’t remember seeing that.† I pointed at the Matchi-auwishuk. â€Å"I used a magnifier to identify some of the smaller markings. It’s there. Take my word for it.† I would. Until he left and I scrounged up my own magnifying glass. â€Å"And take my word on this.† He shoved another piece of paper at me. A shiver ran from my neck to the base of my spine. The Matchi-auwishuk had been ugly, but this was downright creepy – given the circumstances. The figure was half-man, half-wolf. â€Å"What in hell is that?† â€Å"The wolf god.† The drawing was exemplary, the naked man impressive – sleek and muscled – perfection except for the paws growing where his hands and feet should be. A tail sprouted from his backside and ears from the top of his head. Instead of hair he had fur, and a snout blossomed where his mouth and nose had once been. But those little foibles weren’t what made me shrink away from the table, irrationally terrified of touching the picture or having it touch me. Nope, what bothered me about the drawing were the damn eyes – sly, intelligent, human. â€Å"Where did you find this?† â€Å"There’s an old and obscure legend of the Ojibwe. The wolf god can be brought to life during a blue moon if the way is paved by an army of wolf men. And women.† I turned my head so I could see his face. He wasn’t laughing – so I did. ‘ â€Å"What does that have to do with anything?† â€Å"‘ Jessie, aren’t there a few too many coincidences here? The totem, the madness of the wolves, and the blue moon?† The blue moon. I remembered telling Zee about it the night Karen Larson had been bitten by a wolf. The night I’d found the totem. The night I’d met William Cadotte running around naked in the woods. â€Å"What’s a wolf god, and how is it brought to life?† He shuffled some of the papers, scowled, pushed his glasses up in an absent gesture. â€Å"I’m not sure.† â€Å"What good are you then?† â€Å"We’ll get to that later.† He winked. Even in the middle of his delusion, he was propositioning me. Why did I think that was cute? Cadotte returned his attention to the gibberish he’d been reading. â€Å"All I’ve determined so far is that a werewolf army is needed – â€Å" â€Å"Whoa!† I jumped to my feet. â€Å"Werewolf army? Where did that come from?† â€Å"What do you think wolf men and wolf women are?† â€Å"A figment of your imagination?† â€Å"Mine and whoever else has decided they want to be the wolf god.† I rubbed my forehead. â€Å"Back up a minute. Someone is going to be the wolf god?† â€Å"I guess so. I haven’t been able to determine how that happens, exactly, but the making of a werewolf army between the two moons is the beginning.† â€Å"Between what two moons?† â€Å"Two full moons in a single month – â€Å" â€Å"Makes a blue moon,† I finished. â€Å"When the becoming takes place.† He glanced at his watch. â€Å"That’s in five days.† I plopped down on the couch. â€Å"You believe this stuff?† â€Å"It really doesn’t matter if I do or not.† â€Å"Why?† â€Å"Because someone believes, and they’re willing to do whatever it takes to make the legend come to life.† How to cite Night Creature: Blue Moon Chapter 16, Essay examples

Diversity Issues free essay sample

Share some contemporary examples of cultural diversity issues. Some contemporary examples of cultural diversity issues, for example, are law enforcements inabilities to understand completely some of the minority group’s language, traditions, beliefs, lifestyles, religions, stereotyping, and profiling of minorities. Law enforcement also encounters cultural diversity issues with the different moral beliefs of ethnic groups, therefore, can interfere with relating to other minorities when faced with a situation. Law enforcement officers should focus on education, training, and gain knowledge of their local minorities to form a universal relationship with those minorities to avoid the cultural and ethical issues, which may raise suspicions when in turn it is the beliefs, morals, etc. of that minority rather than hiding something, or under the influences of drugs or alcohol. An example is with Asian and Hispanic females. Females in both these minority family environments are considered subordinate to men, and many are expected to take a role as the mother while the male counterparts are allowed to participate in social activities such as jobs, sports, clubs, afterschool activities, and such (Shapiro, 2002). We will write a custom essay sample on Diversity Issues or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Law enforcement encounters much problematic issues regarding the subordination of females by the male counterparts in these minorities, resulting in calls to the school systems because female Hispanics are prone to be hostile toward peers because of stress, which derives in the family and the attempting results to conform-assimilate with youths in America (Shapiro, 2002). Reference: Shapiro, M. (2002). Asian Culture Belief: Vietnam. Retrieved September 29, 2011, from http://www.ntac.hawaii.edu/downloads/products/briefs/culture/pdf/ACB-Vol2-Iss5-Vietnam.pdf https://www.google.com

Tufts University 2017-2018 Supplemental Essay Prompts

Applying to Tufts? Here are this year’s supplemental essay prompts for Tufts University.1. Which aspects of Tufts’ curriculum or undergraduate experience prompt your application? In short: â€Å"Why Tufts?† (50–100 words)TIP: This is the most common type of supplemental essay prompt universities will ask of their applicants. What’s challenging about the Why Tuft’s supplemental essay is the word limit. You have to be very concise about what you like about the school. Whether it’s about a specific academic program or campus culture, use concrete examples to demonstrate how you feel and how much you know about the school.2. There is a Quaker saying: â€Å"Let your life speak.† Describe the environment in which you were raised – your family, home, neighborhood, or community – and how it influenced the person you are today. (200–250 words) TIP: This essay prompt is wants to know more about your community. Whether it’s the physical location or your support group, how did that help you grow? Were there any restrictions or limitations that triggered you to initiate a movement? Or that forced you to venture out? Again, going back to the 5 big supplemental essay tips, it’s important for you to keep in mind the bigger picture. If you have a few different ideas on how to respond to this prompt, choose the one that you have yet to elaborate on in your application.3. Now we’d like to know a little bit more about you. Please respond to one of the following six questions (200-250 words).Students applying to the School of Arts and Sciences or the School of Engineering should select from prompts A-E. Students applying to the SMFA at Tufts BFA program or the Five-Year BFA + BA/BS Combined Degree program must answer prompt F: A. Its cool to be smart. Tell us about the subjects or ideas that excite your intellectual curiosity.TIP: If you talked about a specific academic program in the â€Å"Why Tufts† supplemental essay, then this would be a good area for you to elaborate on why you are interested in this field of study. How long have you been interested in it? Did you have a role model or someone that got you interested in this field? How have you taken an initiative in high school to follow these interests? B. In a time when we’re always plugged in (and sometimes tuned out), tell us about a time when you listened, truly listened, to a person or a cause. How did that moment change you? TIP: This reminds me of an old Common App essay prompt: a moment that changed you. This can be a challenging prompt, so if nothing immediately jumps out at you when you first read the prompt, I’d recommend you choose another. If you do want to choose this prompt, perhaps it’s easier to brainstorm based on a person or a cause you care about. Why was that conversation important to you? Did it change your perspective? If not, were you able to empathize with the other person. If you were heavily involved in volunteering, this would be a good prompt to launch into your dedication to the organizations you were part of. Recall any little conversations with people you worked with or for, and how that renewed your dedication. C. Celebrate the role of sports in your life. TIP: The perfect prompt for all those student athletes out there! Sports and training is a commitment during high school. You have to set aside so much time to train and compete that it may have defined your high school career. What did you learn from being an athlete? How did it translate to your life outside of sports? Remember, this prompt isn’t just student athletes. If you’re interested in sports, you can also utilize this essay prompt to demonstrate your varied interests. This might even be an important prompt for students who didn’t play sports in high school, but enjoyed it as a hobby. How are sports important to you as an interest? D. Whether youve built blanket forts or circuit boards, produced community theater or mixed media art installations, tell us: what have you invented, engineered, created, or designed? Or what do you hope to? TIP: If you did any independent project inside or outside of school, this will be a great place to elaborate on your project. Or perhaps something you worked on over the summer! The point is to demonstrate your creative thinking, building ability and entrepreneurial spirit. Even if the project was unsuccessful, share the thought process and experience of the project. What happened, and what could you have done differently? E. What makes you happy? Why? TIP: This seems so straightforward, but it is secretly a tough supplemental essay prompt to respond to. It is very open ended and you can talk about anything you want. It also requires a lot of reflection on yourself. Whatever you do choose to write about, make sure you’re able to provide insight into what you value. That’s the true point of the essay: to get an intimate glimpse of who you are. F. Artist Bruce Nauman once said: One of the factors that still keeps me in the studio is that every so often I have to more or less start all over. Everyone deals with failure differently; for most artists failure is an opportunity to start something new. Tell us about a time when you have failed and how that has influenced your art practice. TIP: This is specific to students applying to the SMFA at Tufts BFA program or the Five-Year BFA + BA/BS Combined Degree program. This is a very common application essay question, but don’t take it lightly. While it’s easy rec ount a time you have failed, it’s not always so easy to let readers in on your thought process and emotional journey. The failure experience is important, but it’s only to help you frame your essay. The focal point of your response is how it influenced in. What did you learn from what? What did you do differently? Were you surprised you failed? Did you take a different direction or did you embrace it into your future work? It’s helpful to write out the full experience and then cut and edit by drawing out the emotions and insight you had from the experience you had. ​Hope this was helpful to students applying to Tufts University this fall! Here are more general tips on writing the supplemental essays.For supplemental essay examples, you can now search bysupplemental essay topicson our search page. Or, you can check out ourcurated packagesto find what you’re looking! For further access, upgrade to ourpremium plansoffer different levels of profile access and data insights that can help you get into your dream school.

Disabled and Dulce et decorum est analysis

Disabled and Dulce et decorum est analysis Disabled and Dulce Et Decorum Est Disabled and Dulce Et Decorum EstWar has been part of human history since the beginning of creation. So as a result war has been very much part of our culture. As our culture has developed the way we record war. Poems have been used to communicate the experience of war. Poems provide us with a very personal insight on war. Wilfred Owen in his poems "dulce et deorum est" and "disabled" provide us with such an insight. His poem "Dulce et Deorum Est" talks about horror of the gas attacks faced by men on the front line while "Disabled" compares the life of a injured soldier to his past hopes and accomplishments.The first stanza of "Dulce et Decorum Est" immediately tells us how someone felt on the front. The words "bent double, like old beggars under sacks, knock-kneed, coughing like hags" convey that the soldiers are mentally and physically overwhelmed by their experience of war.This is particularly conveyed by the two similes, "like old beggars" and "like hags". The condition of the me n is also communicated by "men marched asleep". This tells us that the men were so weary that they marched as if they were dead. This is how the poet saw the soldiers around him.The second stanza is all about the experience of a gas attack. The words, "Gas! Gas! Quick, boys!" inform us that there is a real urgency and threat of the gas attack. As the masks were unreliable there was always a chance that you would be killed. The poet then gives a deeper more personal experience to the gas attacks by using the "-ing" conjunction to communicate that the poet was in the moment. He uses words like "stumbling", "floundering" and drowning". This is how the poet is trying to...

Ethical Issue Essay Example | Topics and Well Written Essays - 2000 words

Ethical Issue - Essay Example The meaning of ethical issues is dealing with or regarding the principles or morals of morality (MacNair, 2003). Ethical issues are concerning the rights and wrongs in conduct, expressing or involving moral approval, in reference to principles of conduct, which are regarded correct, particularly those of a given group or profession for instance nursing. Basic values of saving life, as well as alleviating suffering, is shared by a member of the nursing and medical professions (Bandman, 2002). Codes of honesty, confidentiality and colleagueship, are also anticipated in these groups. Nevertheless, the spirit of obedience and servitude, questioned by Mitchell (2008), but influenced by a majority of nurses, has led to numerous differences in the manner in which dilemmas are tackled and the context in which doctors and nurses regard their professional ethics. This paper will give a comprehensive overview of an ethical issue and its relationship to the ethical and legal aspects of nursing o r other health care professions. It will include an exploration of the pro and con sides of the ethical issue and take a stand on the issue and also critically evaluate the current impact of the ethical issue. ... A majority of the stands nurses presume in this dilemma are persuaded by their own values and beliefs (Bandman, 2002). The consequences, at times, are harsh to both the nurse and the patient. Therefore, how does a nurse provide her services to a patient who has gone through an abortion, when the nurse regards abortion as murder? Should the nurse, with very different values, support the patient’s right to decide her autonomy? Pro Side of the Issue The most frequent reasons why women consider abortion are: Unable to care or support for the child. Birth control failure. Nearly half of all women who have gone through an abortion made use of a contraceptive technique in the month they got pregnant (MacNair, 2003). To stop the birth of a child with harsh medical problems or birth defects. Such defects are frequently unidentified until routine second-trimester assessments are carried out. To terminate an unwanted pregnancy. Mental or physical conditions, which jeopardize the pregnant woman’s health when the pregnancy is continued. Pregnancy resulting from incest or rape. All these are strong reasons why abortion is considered (Bandman, 2002). I also think that a pregnant woman ought to have access to a harmless, legal abortion if she requires one. I endorse a pregnant woman's right to harmless, legal abortion since centuries of history tells us that women are going to make the final decision regarding abortions whether they are legal and safe, or not. Furthermore, when the act is not safe and legal, these women might die terribly or be damaged permanently meaning that they might become barren (MacNair, 2003). Therefore, the pro side of this issue is that it saves women the possibility of going through an unsafe and illegal abortion. In my dream utopia, there would

What is football hooliganism and what social factors underlie it Essay

What is football hooliganism and what social factors underlie it - Essay Example â€Å"Football hooliganism is seen by most to mean violence and/or disorder involving football fans. However there are two very specific types of disorder that have been labeled hooliganism: (a) Spontaneous and usually low level disorder caused by fans at or around football matches (the type that typically occurs at England away matches), and (b) Deliberate and intentional violence involving organized gangs (or firms) who attach themselves to football clubs and fight firms from other clubs, sometimes a long way in time and space from a match.† (Pearson, 2007) Media has always been actively involved in covering disruptions at football matches and tournaments. Media has played a vital rule in making the general public aware of the concept football hooliganism. Media also takes particular interest in reporting events of football hooliganism as these sensational stories are what the audience really wants to hear. Theses events give tabloids exciting happening events involving violence to report about and such stories increases their magazine or newspapers circulation. Therefore, media has been criticized time and again for playing an integral part in provoking football hooliganism. â€Å"Many researchers, and many non-academic observers, have argued that this sensationalism, together with a predictive approach whereby violence at certain matches is anticipated by the media, has actually contributed to the problem.† (SIRC) â€Å"Hooligan formations provide their members with a sense of belonging, mutual solidarity and friendship. Narratives of hooligans reveal how group members claim to ‘look after one another’ and stick together through thick and thin†. (Spaaij, 2006) â€Å"Higher the emotional involvement (represented by high score on the emotionality subscale) the person has with the team, the more likely the individual will cause or participate in incidents.† (Petrà ³czi et al., n.d) â€Å"There are several theories, but most sociologists maintain that