Bitcoins vs Money Essay Example | Topics and Well Written Essays - 1000 words

Bitcoins vs Money - Essay Example Bitcoin system is entirely dependent on internet platforms, which are readily available across the globe because of the technological advancement (Rotman 1). Using Bitcoin, the average income earners can easily transact beyond border transactions without incurring extra costs in physically moving to those places. This essay examines the use of Bitcoin and money as applied in the current system. Kudlow Larry downplays the rise in use of digital currency. He cites the rapid fluctuations in prices by hundreds of dollars in the space as a key challenge that emanates from digital currency use. He outlines an example of an individual who buys an item for $500 but after the retailer processes payment, the digital currency falls to $100 in value. He resolves that both sellers and buyers make associated losses because bitcoin is not a reliable medium of exchange with dependable store of value (Kudlow 1). On the contrary, money has a store of value. Its value does not fluctuate as rapidly and frequently as in the case of digital currency. Because Bitcoin has no store of value, economists prefer the money system to digital currency. Digital money use has no border restrictions. Making cross-border transactions is easier and simpler than in the case of money. Money system is more reliable and regular fluctuations in prices do not affect it. Digital currency use will therefore not pose a significant effect on money use. The reason for this is that money system posses superior features like security and reliability that the digital currency system lacks. There are viewpoint that the rising use of digital currency like bitcoin transactions will not pose a significant impact countries’ economic progress. According to Gaulio, bitcoin transactions are easily traceable to their initiators hence American government, for instance, will fully advocate its use. In a state controlled digital economy, the taxation units will

Assessing Brilliance in Innovation Case Study Example | Topics and Well Written Essays - 2500 words

Assessing Brilliance in Innovation - Case Study Example It would be within the next year that Enron would begin to go through some major financial difficulties. It will be argued here that the basic tenets of a successful company require three key aspects: profit; sustainability of innovation; and good leadership. First, one should begin with a short history of Enron. In the case of the Houston-based Enron Corporation, a multi-billion dollar institution encountered a crisis situation. The denial of top corporate executives Kenneth Lay and Jeffrey Skilling led to Enron making excuses such as blaming Arthur Andersen, its accounting firm, for its failure. An integral part of understanding Enron's demise comes from learning a little bit about the company and how it grew over the years to its existing status. Houston Natural Gas merged with InterNorth, in July 1985, to form the Enron Corporation. Over the next fifteen years, Enron expanded rapidly, establishing many new businesses worldwide. The first sign of an innovative corporation is that it shows a profit. In about fifteen years, Enron grew from nothing to being America's seventh largest company. Enron employed over 21,000 individuals in more than forty countries. Enron's executives transformed this company, without actually building a company that made significant business profits. By doing this, Enron executives could exaggerate the company's cash flow. To create these profits, Enron's executives also used many accounting procedures that seemed to confuse watchdogs-and, to make themselves look better, they blindsided everyone who thought that Enron was on top of the world, by creating hundreds of fake companies. To prevent anyone from seeing any loss from Enron, they would transfer their debt to the fake companies. By doing this, Enron's debt would seem a lot smaller than they actually were. Like many large companies, Enron had its good and its bad side. In 2002 Enron's bad side was exposed to the nation. So the question is raised, what did Enron make' Enron didn't really make anything. Enron acted as the "middleman" in large natural gas and electricity deals. Enron always admitted it was hard to define their "business" in one sentence, but they finally came up with an explanation that they make commodity markets so that they could deliver physical commodities to their customers at a predictable price. Enron seemed to have trapped employees that worked with the company. The employees were forced to put their pension money into the Enron stock, which was overvalued. The employees at Enron were just doing their jobs, and in fact should not be held to blame. "Such high turnover [at the top of corporations such as Enron] suggests that the real problem isn't a lack of innovation-it's sustained innovation."1 Although many of the future business people attend curriculums that require business law classes, the Enron scandal has proven that corporate corruption is alive and well. Also, the company proved that it could not sustain its innovation over time, because its biggest innovation, mark-to-marketing accounting, was a fraudulent innovation. It was brilliant, in the sense that profits could be estimated and then banked upon, but it was also an illegal practice to put profits on the books that were not truly there. In addition, Enron

About stereotypes , overcoming stereotypes Essay

About stereotypes , overcoming stereotypes - Essay Example reotypes one must first recognize the inaccuracy of simplified assumptions about an entire group of people, actively refuse to participate in this type of behavior and thinking, and promote better awareness in those who are influenced by stereotypical beliefs. Recognizing stereotypes is usually a simple matter as many are ridiculous and untruthful representations. However, it is important to remember that not all stereotypes are obvious obviously insulting, but make still make a generalization about a specific group. For example, the assumption that Caucasians can’t dance with any rhythm is not intensely insulting, but is still a stereotype because it does not recognize the ability of individuals. Though this is not as obvious as more hurtful stereotypes, such as the stereotype such as all African-American being drug dealers, it is still a problem when it comes to accepting and living in a happy, equal society. By recognizing and actively refusing to allow your actions or opinions to be swayed by stereotypes, you will be able to judge others around you more fairly and accurately. It also makes it easier to realize that people who do use stereotypes as a basis for judging others are not well-informed and usually have no familiarity with the people they are making assumptions about. Knowing this makes it easier to ignore any stereotypes others might apply to us in our lifetimes. Though it is very important to recognize and avoid the use of stereotypes, the most important step to overcoming stereotypes is in promoting better understanding and awareness among others in our community. By teaching others about equality and the uniqueness of individual regardless of race, gender, religion, and sexual orientation, we can promote a better, happier, free community in which every person has the same opportunities and are not hindered by prejudice or ignorance. The exaggeration and generalization found in stereotypes can hurtful or insulting, but ultimately are not true

VALUE ESSAY Example | Topics and Well Written Essays - 2500 words

VALUE - Essay Example Cultural Values in Nursing Provision In actual clinical case, there had been one particular patient, Mrs. R.K.A, 66 years old, female widow from Scotland, who had been admitted in a general hospital for 3 days due to severe abdominal pain and vomiting of blood. Her whole hospital duration had been challenging for the health care team for a number of reasons. For one, her advancing age renders her quite difficult to handle, for she tends to stick with her herbal medications, and disregards treatments indicated for her in the medical facility. In other times, she has other racial beliefs that deviate away from medical concepts, such as reasons for her ailment, which she attributed to celestial and magical beings. Although mentally fit and psychologically coherent, such bouts of ethnic differences can indeed try the patience of any health practitioner. The situation exhibits the cultural values that the patient adapted prior to hospitalization. In retrospect, although totally different from the values nursing professionals follow in clinical practice, such personal principles by the patients serve as an eye-opener on the impact on moral and ethnically principles that each adapt. As expounded by Fry and Johnstone (2002), these categories of values are generated as an acceptable part of the norm by cultural groups, which falls in line with their belief concepts and are considered to give full justice and worth to systems of valid experiences existing cultural groups. In the client’s case, the significance placed on certain traditional beliefs of ancestral sources must be taken into professional consideration when rendering care. To relate with such reflective case, Davies and Finlay (2000, p. 83) suggested the three-stage framework in correlating experiences according to three aspects: â€Å"stage one (returning to the experience), stage two (attending to feeling), stage three (re-evaluating the experience).† On the first level, recall of the whole cas e episode is suggested in an objective manner. After doing so, one’s own mental and emotional reaction to such events are reviewed, internally touching on constructive emotional elements, while eliminating distracting experiences not related to the case in point. Lastly, after reactive emotions are identified, these are connected to personal situations, examining for similarities and distinctions, all the while, the newly developed ideals are incorporated on one’s philosophical knowledge and attitude (Davies & Finlay, 2000). Such procedures must be followed in every step in order to make relevant values alteration and integration on the professional level. On actual application, the import of being aware on how other cultural values operate must be monitored and identified early in nursing practice. The level-based critical reflection approach is relevant, not only for health care team, but also for clients and families as care recipients--extension of care to families is necessary for they provide support on physiological and psychological aspect of patient’s treatment and healing. As herbal and mythical dynamics are highly common in Scottish lands, these must never be dismissed as mere diversions. Although health personnel do not encourage such ideals, they must also be professional enough not to condone such

Write a brief critique of the response of UK governments to the UN Essay

Write a brief critique of the response of UK governments to the UN Convention on the Rights of the Child - Essay Example The UK government’s first report declared that no change was required in the active legislation in the UK since the provisions of the convention are already covered (UK First Report to UN, 1994). The UK Government has achieved a high standard in some of the areas of work that the convention recommended. The UN has recognized that the Human Rights Act of 1998 had included some of the aspects of the children in it and this is in line with the needs of the convention. Some of the other legislative steps such as Northern Ireland Human Rights Commission, race relations legislation did move the country legislatively forward in this area. The Children and Young People’s Unit in England, the abolition of corporal punishment in the UK and the promotion of children’s rights in all those countries where the UK provides aid, all add to the implementation of the convention directions successfully. The standard of these implementations have been found to be substantially good and recommended by the UN. There are areas where the UK government steps were satisfactory though improvement has to be done. In the legislative front, the changes done in the Human rights Act is not covering all the needs of the children explicitly. The legislation for children and youth is not prioritizing the needs of the children correctly and therefore, is losing focus. The resources spent for the purpose of the children should be clearly specified and allocated for the purpose. A wide and sweeping allocation that maximum resources are allocated would not serve the purpose, says the UN report on the UK. Apart from this, structuring the entire process and therefore, making an effective ‘delivery’ of the program is very important. This includes providing appropriate training and education. There are number of areas which the UN felt that the UK government is yet to meet satisfactorily level. Some of the

Higher education Essay Example for Free

Higher education Essay As I see you beaming with pride and eagerly waiting to enter a higher education, I am reminded of the words of the German Philosopher Friedrich Nietzsche who says, â€Å"On the mountains of truth you can never climb in vain: either you will reach a point higher up today, or you will be training your powers so that you will be able to climb higher tomorrow. Just like the mountains of truth, you have made a tremendous effort to climb the ladder that will take you to a greater height of success. You all deserve to be here today. Some may be clouded with sadness as you leave your alma mater while reminiscing the unforgettable days with your batchmates and teachers. This is the day that you will always cherish and the time has come for you to assert your inner glow, shine and be the light of our school. In the number of years of being with us, we have journeyed together, earned success and have learned from our mistakes. Each tiny steps that we have taken, made us better, stronger and wiser. Each of you has contributed to our success and we are so proud of you. When you participated in the Rizal competition, a competition that has showcased your creative writing, chess, art and other talents, you have earned honors for your alma mater. This may be a game of fun for many competitors like you because of the talent, interest and enthusiasm that you take with you in every competition that you have participated in. Our academic and non-academic activities and competitions have honed your skills and made you discover the innate talents that you have. This school serves as the avenue that has paved the way in enriching your minds, polishing your skills, and making you understand the importance of discipline and education. How could we forget the fire drills that we had that would prepare you to any similar disaster that may or may not happen in your life? This is an important preparation in light of some unavoidable or unexpected disasters that are happening in many parts of our country. In this drill, you have also shown others the value of being of help to your fellowmen regardless of who they are. This is a giant step in understanding the value of saving lives and in being big brothers and big sisters to one another. You have also made a great effort in our water conservation campaign. We must be thankful for the abundance of water that we are enjoying in our community and in our country. However, being blessed with a life giving water resources must not come with its careless and abusive usage. Each of you has learned to become vigilant to dripping faucets and excessive use of water for our daily needs. It is now our task to continue this practice in our homes and in our communities. These are few of the many programs and activities that we have undertaken together and without your help and effort, we will never succeed in our undertakings. With that, allow me to personally say, â€Å"Thank You† to the graduating class and their parents. To all the teachers and staff, I salute you for the many hours that you have spent in helping your students learn and succeed. You have worked beyond school hours and have supported me in implementing our programs. Although there are talks about the possibility of closing this school amidst all our challenges, rest assured that we are working hard and doing everything we can to keep this school open and functioning well so new students can enroll, and old students can continue their studies and eventually graduate similar to the current batch who are right before me today. I would like to conclude my speech not with a farewell to the graduates and their parents but with a reminder that in being a light for your alma mater, you can serve someone other than yourself and serve something bigger than yourself. God bless you and your families.

Models Regarding the Emergence of Bipedalism

Models Regarding the Emergence of Bipedalism There are over ten hypotheses as to how and why bipedalism evolved in humans and when. Bipedalism evolved well before the large human brain or the development of stone tools. Bipedal specializations are found in australopithecus fossils from 4.2-3.9 million years ago. The different hypotheses are not necessarily mutually exclusive and a number of selective forces may have acted together to lead to human bipedalism. Possible reasons for the evolution of human bipedalism include freeing the hands for tool use and carrying, sexual dimorphism in food gathering, changes in climate and habitat (from jungle to savanna) and to reduce the amount of skin exposed to the tropical sun. Another explanation is the mixture of savanna and scattered forests forced the first humans to travel between clusters of trees and bipedalism offered greater efficiency for long-distance travel between these clusters than knuckle-walking quadrupedism. Step One: Tool Use Evidence for use of stone tools first came from Olduvai Gorge in Tanzania. These tools were found in the lowest levels dating to nearly 2.0 million years ago. In southern Ethiopia, stone tools dating to as early as 2.3 to 2.4 million years ago have been discovered. Someone or something has modified the. There are different kinds of tools as well. The overall evidence suggests that between 2.3 and 2.5 million years ago hominids began to use stone materials as tools. The first stone tools were probably made for two purposes: cutting something and pounding on something. Obviously you can cut and pound plant materials or use stone tools to dig for roots and such things. However, it is far more likely that some hominids began to cut hides and meat and chop on bones to extract protein rich marrow. Of all of the tools made, the most important was probably the sharp flake that provided the edge by which one could cut even the toughest hides. It is probably unfortunate that the first stone to ol tradition, the Oldowan Tool Tradition, is defined as a core-chopper tradition. Cores are the means to detach flakes and it is these that were so vital to early hominid stone tool users. Step Two: Bigger Brains About one million years ago, hominoid mammals started to exhibit rational thought, a mental process that represented an important advance over simple natural and emotional reactions. Rational thought or is the conscious ability to add sensory input with memory by the use of logical thought processes. Also, morality emerged, which was reliant on the emergence of intelligence.Modern humans (homo sapiens) appeared approximately 160,000 years ago. And until about 12,000 years ago, when agriculture developed, they lived in small groups as hunters and gatherers. They had large brains that had evolved like everything else because it gave the individual and the group, as well as the individual within the group, a competitive advantage: Language allowed better communication within the group and higher forms of thinking. The passing on of knowledge from generation to generation, culture, evolved simultaneously or sometime later. The transfer of more complex information, ideas and concepts from one individual to another, or to a group, was probably the single most advantageous evolutionary adaptation for species preservation. The advantage of learning from passed on knowledge is it allowed foresight and planning. This gave them the ability to adapt to various environments and move to the top of the food chain. With these developments, social survival skills within the group became more important, for the socially fittest produced more offspring. Hence, the larger-brain-yielding genes were more successfully passed on. Step Three: Thermoregulatory Advantages Wheelers thermoregulatory model proposes, as the selective pressure, bipedalism conferring reduction in heat gain and facilitation of heat dissipation. Bipedalism raises the mean body surface higher above the ground, where more favorable wind speeds and temperatures prevail. Greater wind flow translates to higher convective heat loss. Bipedalism reduces evaporative cooling requirements and conserves body water. Vertical orientation also minimizes direct solar exposure during the time of day when the solar radiation is most intense. This basically says that by being upright, hominids were exposed less to harmful elements yet gained the benefits of others. Step Four: Travel For Food More specific causes for the adoption of upright posture could be things such as carrying, display or warning, new feeding adaptations, tools, or a combination of these. A conservative view is that the hominid ancestor maintained the typical hominoid foraging regime in a Miocene habitat in which food was becoming more and more widely dispersed and required greater terrestrial travel to harvest. Bipedalism could easily have been the mode of terrestrial travel for this tree adapted hominoid, as it is in all of the modern species of lesser apes, since modern hominoids are equally efficient as bipeds or as quadrupeds at normal speeds. Given the added advantage of free forelimbs, bipedalism for a small hominoid seems likely. The adoption of bipedalism by a Miocene hominoid need not be taken as such an unlikely occurrence, especially given the fact that all lesser apes today are habitual bipeds and bipedalism can easily be adopted by modern chimpanzees in the wild. Step Five: Avoid Predators During the terminal phase of the Miocene era, or around five million years ago, the climate began to shift from wet subtropical to much more arid, grassland conditions. Over the next three million years, the heavy forest cover gradually died out and tree based hominid ancestors were forced down onto ground. There, they faced the most brutal lineup of predators in the world, including lions, leopards, hyenas, and possibly wild dogs in large packs. Survival in such environments is limited to either predator avoidance or running and hominids such as A.afarensis would have been vulnerable due to lack of swift movements necessary to escape predators. Bipedalism also exposed early hominids to predators by making them upright. They were forced to rely on binocular vision for predatory avoidance, but in cases where a predator was not seen, they were easy prey for ambush hunters. Also, their plant food diet increased their exposure to predators. The combination of other factors such as smalle r body size, and lack of sharp teeth or claws also increased vulnerability of hominids to this fate. Only a few fossilised examples are available; according to the taphonomic studies of Hart and Sussman(2005), 5% of A. afarensis fossils show evidence of having been eaten. Conclusion The emergence of hominids become bipedal has without question was one of the biggest factors in the development of civilization. If our early ancestors had never left the trees, we would not be where we are today, or they wouldnt have developed the way they did. By becoming bipedal it allowed them to travel greater distances and use their bodies in different ways. The bigger brain and the use of tools really allowed hominids to further the range of their existence and become more well rounded. There really cannot be enough said about the emergence of bipedalism. Civilization is directly a result of everything this ability allowed hominids to do.