Civilization Cure Or Disease :: essays research papers

Upon flipping to the business section of the New York Times an Ohio University student saw a startling headline glaring back at her â€Å"American Corporations Suspected In Millions of Third World Deaths.† As she read the article it became apparent that international corporations many of which were based in the United States exploit the poorest of the poor. These companies paid workers extremely low wages and exposed them to hazardous materials with out any protection. Working conditions were unsafe and often lead to health problems. It appeared that slavery was alive and well in the name of â€Å"Global Industrialization.† Even more shocking was the fact that this new form of slavery was also present within our own borders. Migrant workers and illegal aliens were becoming an increasing percentage of America’s labor force. These workers were paid well below minimum wage for jobs, which often put their health if not their life in jeopardy.   Ã‚  Ã‚  Ã‚  Ã‚  It appeared that America’s industrial empire was built upon the exploitation of the poor throughout the world. Often women and children were the victims of the â€Å"Global Market Economy.† The article stated that millions of goods were produced by children as young as 6 in third world and developing nations. Companies producing these goods claimed that it was not â€Å"slave labor† they claimed it was the â€Å"efficient use of human resources for production.† It seemed that companies in their desire of â€Å"progress† and profit were oppressing the world’s poorest nations and their citizens. This is not a new phenomenon it has gone on through history; the strong oppress the weak. What is amazing though is the fact that industrialized nations all consider themselves to be the most civilized societies in the world. Industrial powers view less developed nations as backwards which is a synonym for barbarous. But are the societies of industrially advanced nations truly the most civil? This is the question Montaigne raised over 400 years ago in his paper entitled â€Å"Of Cannibals.†   Ã‚  Ã‚  Ã‚  Ã‚  Throughout history it seems that the most technologically advanced societies are the most powerful. And the most powerful nations view themselves as the most civilized people in the world. But what exactly are the defining attributes of a civilized society? According to Webster’s Third International Dictionary a civilization is: an ideal state of human culture, characterized by complete absence of barbarism and non-rational behavior, optimum utilization of physical, cultural, spiritual, and human resources, and perfect adjustment of the individual within the social framework.

Littlefield Technology Game Capacity Essay

The game was held over a week and enabled us to increase our understanding of inventory management at the production stage in the supply chain. In this game, the objective was to accomplish production and delivery of the production within 3 days of lead time. Over the course of the game, we were to monitor the production numbers and make adjustments through the number of machines which we owned. Machines affected the revenues through the purchases and the goal was to obtain as much revenue as possible. Through the game, we learnt how to analyse our production numbers and plot strategies to tackle the demand that was constantly changing. Strategy Our strategy was to obtain a stable utilization rate throughout all machines to prevent incurring any late penalty. For example at Day 50, before the game started, we observed that machine 1 was running at 100% utilization for a few days before, and we predicted a bottleneck situation would occur here. Therefore we decided to purchase an additional machine immediately as the game started so as to allow continuous processing of lots to meet the demand and prevent losses in revenue. After purchasing additional machine 1, we continued observing the utilization of the machine. We were careful not to buy additional machines unnecessarily so that we can earn more revenue from the interest. On day 88, machine 1 hit 100% utilization for 4 consecutive days. However, the average revenue earned was still $1000 despite the high utilization. Therefore we decided not to purchase additional machines at station 1. This proved to our favour as the revenue earned did not drop during this period of time even though station 1 utilization continue to be close to 1. Furthermore, we continued to earn a higher interest than other teams who bought additional machines. Due to this plan, we were amongst the top few teams at this period of time. At day 120, a situation similar to day 88 began to occur; machine 1 hit 100% utilization continuously for 6 days and continue to hit close to 100% for the next few days. We had thought that we could tide through it like before without the need of an additional machine. However, this time round, a bottleneck formed at station 1 and the revenue started to drop quite severely. Therefore, we decided that an additional machine is needed at station 1 to prevent further drop in the revenue. However, the purchase of an additional machine did not salvage  our situation as the queue size at station 1 w as too large. During this period, a lot of income was lost due to our production not being able to meet the 3 days of lead time. Our revenue only stabilized on day 130 for 2 days before dipping again. This time, the bottleneck transferred to station 3 and the queue has risen drastically to about 600 jobs. Therefore, we made the decision to purchase another machine for station 3. With this, our revenue finally stabilised at day 139. In the following days, we continued the strategy of monitoring the revenue, as well as the stations’ utilization and queue size, before deciding whether to purchase additional machines. Following this strategy, we acquired a total of 4 Machine 1s, 2 Machine 2s and 2 Machine 3s. As the demand fell towards the end of the game, we decided to sell off machines at the under-utilized stations so that we could increase our revenue from the sales of the machines, as well as gain more interest, and increase our ranking before the game ends. Therefore, at the end, we were left with 3 Machine 1s, 1 Machine 2 and 2 Machine 3s. In the case of station 2, which executed steps 2 and 4 of the production, we were able to toggle between three policies: giving priority to First In First Out (FIFO), step 2 or step 4. In the early stages of the game, the utilization at station 2 maintained at a relatively safe level. However, at about day 120, the average demand began to increase and the utilization began to hit 100%. It remained at this range until we made the decision to purchase an additional machine for the station at day 150. As the performance of station 2 affects the jobs arriving at station 3, the delays in production snowballed and this drastically affected our revenue. Conclusion In hindsight, it is unfortunate that we were not able to maintain our advantage as the leading few teams. We suffered a major setback during the day 120 period due to unexpected demand spikes and poor decision making. However, we did manage to salvage our situation in the end and obtained a respectable rank of 7th place. We have learnt that we cannot assume the best of any situation and that we have to be prepared for sudden influx of demand and also that there is no one size fits all policy. The game simulates a real assembly scenario. While the strategy helped us gain revenue, the scenario does not comply with certain real life supply chain conditions such as taxes. All fixed overhead which we have no control, such as salaries,  rent, utilities, etc. are ignored. These factors will introduce more complexities into making decisions.

Analysis Of Ralph Ellison s What America Would Be Like...

October 15, 2013 Jerna’ Davis @02706690 Order of Things: End of Civil War Through Reconstruction Era The Civil War reigned from 1861 up until 1865, and its ultimate intention was to predispose whether the political stand of the Union or the Confederacy would be governed. During the time period of the Civil War, Abraham Lincoln was the president in office. He administered a platform leading the destruction of slavery in the North and intended to carry this idea throughout the Confederate states that had previously seceded from the Union. In Ralph Ellison’s What America Would Be Like Without Blacks the author explains the roles of the black persona and the impact that they had on America under a political light. African-Americans were the underlying source for declaration of war, demand of law enforcement and creation of organizations in the United States. The south was not in agreement to the idea of a free black man though, the north wanted to stop the expansion of slavery beyond it’s borders. In the south there was a need for slaves to work on the plantations and on the fields. Seeing as though, slaves were the ones who kept their owner’s homes up and in good shape while the northern states had no use for slaves because the need for labor was more based on industry rather than agricultural aspects such as farming, and cotton picking. Climatically, this isShow MoreRelatedRalf Ellisons The Invisible Man Essay1927 Words   |  8 Pagespublished segregation was in full force in many parts of Amer ica, making certain scenes of the novel obscene and outlandish (Holland 34). To his peers Ellison was a thinker as well as writer he had the capability of repairing automobiles and electronic devices; â€Å"He had a particular passion for high quality audio equipment, and found a hobby in building and customizing stereo systems.† (LitCharts 3) After writing the Invisible Man Ellison found it to be an arduous task to replicate the success ofRead MoreMLKs Speech and Its Effect on Local Civil Rights Movement1913 Words   |  8 Pagesthat are not prominent, but integral to the larger scale history of civil rights in the United States. Although national power determined the â€Å"deliberate speed† of desegregation legislation, local communities determined the actual speed in which they would be enforced. Some communities pressed for immediate social change through the integration of public facilities, such as swimming pools and restaurants, while others gained prominence through the desegregation of educational institutions. The work ofRead MoreHow to Write a Research Paper11497 Words   |  46 Pagesinformation in a new light. Informational paper topic: The training a meteorologist needs Evaluative paper topic: A contrast of the training a meteorologist needed in l940 to what he/she needs in 2000 Informational paper topic: Benjamin Franklin s political life Evaluative paper topic: The effect of Benjamin Franklin s writing style upon his career 3. Working Bibliography The first step in researching a topic is to compile a working bibliography of potential sources of information,Read MoreProject Managment Case Studies214937 Words   |  860 Pagesbe reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, scanning, or otherwise, except as permitted under Section 107 or 108 of the 1976 United States Copyright Act, without either the prior written permission of the Publisher, or authorization through payment of the appropriate per-copy fee to the Copyright Clearance Center, Inc., 222 Rosewood Drive, Danvers, MA 01923, (978) 750-8400, fax (978) 750-4470, or on the Web

Stereotypes Of The American Indian Mascot - 1206 Words

The United States of America has over two-thousand sport organizations that portray the American Indian people as a mascot. Ninety-two percent of these sport organizations are high schools, which means roughly around eight percent of high schools have the American Indian mascot in some form (FiveThirtyEightSports). Frankly, this is an unacceptable statistic.This promotes racist mental images from a young age, and can lead many generations to recycle this outdated representation of Natives. One might ask if an American Indian mascot is really that harmful, but there is an overwhelming amount of evidence that supports the motion that such a mascot is disastrous to the Native community. The imagery that the American Indian mascot perpetuates is negative stereotyping, generalization of the race, and is inaccurate in its portrayal, which can lead to dangerous consequences for the American Indian population. One of the biggest issues that Natives face when it comes to mascots, is that the American Indian mascot is demeaning and harmful, which leads to damaging stereotypical representation of the American Indian race (Minnesota Daily). The Atlanta Braves, a professional baseball team in the United States, has a logo that depicts an American Indian with his mouth wide open as if he is yelling; this image is named â€Å"The Screaming Savage† (Yahoo!Sports Canada). â€Å"The Screaming Savage† is just one of the many professional logos that use slurs or detrimental imagery to represent itsShow MoreRelatedThe Washington Redskins Name And Mascot1089 Words   |  5 PagesThe Washington Redskins name and mascot represents one of the most recognized American Indian figures in the United States. The controversial team name has been used since 1933, ever since changing from its original name â€Å"Boston Braves†. It has sparked a nationwide outcry among the remaining Native Ame ricans who reside in the United States. Indians are forced to be reduced to cartoon savages, ferocious warriors, and animal like heathens. After centuries of rampant dismissal, removal, and destructionRead MoreEnvironmental Impact On The Native American Community Essay1643 Words   |  7 Pagesundeniably disparaged against but none as much as the Native American community. Not only did we take their lives and their land but we continue to disrespect the entire community every single day. Our negative attitudes, misconceptions, and offensive stereotypes that we direct their way are not only hate induced but have an extremely negative impact on the Native American Identity. Our poor media representation of the Native American community is overwhelmingly harmful to its citizens and does notRead MoreAmerican Indians And American Indian Indians1403 Words   |  6 PagesIndian students, â€Å"American Indian respondents tended to view the Fighting Sioux nickname/logo as not honoring Un iversity of North Dakota or the Sioux people† (LaRocque, McDonald, Weatherly, Ferraro, 2011 p. 3). This proves that there is a huge negative connotation associated with these school mascots and according to American Indians themselves, they are not pleased with the current situation. It is important to realize the majority of people claiming that they are honoring the American IndianRead MoreThe use of Native Americans as mascots or team names has developed an issue that has been drawing600 Words   |  3 PagesThe use of Native Americans as mascots or team names has developed an issue that has been drawing controversy in today’s society. The question that must be asked then is: Why do we as a society quietly permit such disrespectful and hurtful conduct towards Native Americans continue, without taking any affirmative action to restrict it? Having people who run around in war paint and headdresses whooping it up at the sport games doesn’t honor anyone’s culture. It just praises racism and encourages peopleRead MoreAnalysis Of The Movie Reel Injun774 Words   |  4 PagesWhen the subject of Native American characters comes up in conversation, most picture Tonto from the film The Lone Ranger. However, many don’t realize how the film industry has created a stereotype that has affected generations of Native Americans. From mascots to logos of tobacco and other products, the early westerns have help mold minds into placing Native Americans into something they are not. The documentary Reel Injun help shed light on the subject as well as raise awareness to how these filmsRead MoreThe Washington Redskins Name Controversy1106 Words   |  5 Pagescontroversy with Native Americans? That has been the questions since the 1980s. There are many different views on the issue. Some people believe the name should stay, some insist it should be changed, and others are ultimately indifferent. In the end, changing the name is the definite rig ht choice, the Washington Redskins name is offensive to the Native American people and therefore it must go. The name is not only offensive to the Native American people, but people outside of Native American s find issueRead MoreNative Americans : Native American People, Supports Nostalgic Feelings, And Saves1068 Words   |  5 PagesNative American people, supports nostalgic feelings, and saves funding. The opposing sides believes that if these images are kept then they are being offensive and degrading Native Americans since perpetuates negative stereotypes about Native Americans. One thing we do not pay much attention to is the way the Native Americans feel due to this. They obviously are not okay with the idea of them being used through logos and mascots and has caused a negative self-esteem effect on Native Americans. NativeRead More The Debate Regarding the Use of Native American Mascots Essay1353 Words   |  6 Pagescompetition, have a mascot. It is the mascot that repres ents the competitive spirit and team identity, motivating players and fans alike. Does the symbol chosen as a mascot have any impact on whether a team wins or loses? Unlikely. But the choice of a Native American mascot continues to ignite debate and controversy among athletes, fans and alumni, as well as those people who might otherwise be disinterested in sports. Why all the controversy? The dispute over whether Native American mascots should beRead MoreMascots : An Honor Or An Insult?1352 Words   |  6 PagesMascots: An honor or an insult? The idea of using Native American names and images in sports has been a topic of public controversy in the United States since the 1960’s. Sports mascots that continue to promote racial, cultural, or bias slurs should be changed so that racial discrimination can be stopped and everyone can be treated equally/fairly. In today’s society, there is no room for racism or stereotypes especially in sports; an activity that is supposed to bring people together to supportRead MoreNative American Mascots Should be Banned1253 Words   |  6 PagesIt was the seventh inning stretch at a Cleveland Indians baseball game and the crowd, in a somewhat inebriated state, cheered wildly at the team’s mascot. This mascot was not a bull or a bronco, or a giant or a jet, but rather, in my view, was a mean-spirited stereotype of a proud and noble people. In this age of political correctness, what minority in this country would allow itself to be portrayed in such a demeaning manner? African-Americans, as well as other minorities who have a strong political

Why Make A Business Plan Essay - 1270 Words

Why Make a Business Plan? Maybe you are thinking why do I need to use this workbook to evaluate my idea? Or bother with a template or even waste time doing a bunch of boring research? Many of the greatest businesses of all time never had a formal business plan, so why do I need one? Like most people you might just be just looking for the quickest way to open your business. The idea of researching and then creating a formal plan seems like a long and boring process. Several prominent authors and respected business people have said making a business plan is a waste of time. Some of these titans of industry often use one or two stellar businesses which never bothered to write a plan as evidence to reinforce this spurious claim. Yet none of them ever speak of, or know about, the great ideas that failed due to poor planning. Critics may also champion the idea of how the team you have in place is much more important than the plan you have. The same business plan skeptics might also say how you can’t plan for unforeseen events, and then state how these kinds of events will entirely change your business plan, thus making it irrelevant. The impatient entrepreneur might not want to waste time and fear that someone may â€Å"beat them to the punch† and steal their market share while they wallow away researching a potential concept. These are all valid reasons to skip the process entirely, and certainly everyone has the right to their opinion. Allegedly, Benjamin Franklin onceShow MoreRelatedDesigning A Perfectly Executed Business Plan932 Words   |  4 Pagesyour business plan as that essential stage prior to taking your first step. A perfectly executed business plan provides your business a solid foundation and without it you’re likely to fall flat on your face. That’s the bad news. The good news, the BEST news is that once you have created it, it becomes an invaluable guide to every aspect of your business. While it’s true that trying to secure funding thr ough traditional loans, grants, private placement offerings, or venture capitalists makes havingRead MoreDisaster Recovery Plan It 244 Week 3 Essay677 Words   |  3 PagesDisaster Recovery Plan Paper Fernando Hernandez IT244/Axia College Introduction In this assignment, I will go over the different items related to the disaster recovery plan. I will go over the purpose of the plan, explain the key elements that go into a plan, the methods of testing the plan, and why we test the plan. All while explaining why the disaster recovery plan is so critical to businesses in the event of an emergency. What is the purpose of a Disaster Recovery Plan? The purposeRead MoreExecutive Summary Essay1654 Words   |  7 PagesThe executive summary is arguably the most important section of the business plan. It must be concise, specific, and well-written. It summarizes the highlights of the completed business plan and provides a brief snapshot of the plan, with sales, spending, and profit summary figures. The summary emphasizes those factors that will make the business a success. It must contain sound numbers for market size, trends, company goals, spending, return on investment, capital expenditures, and fundingRead MoreWhile Your Healthcare Practice Needs a Marketing Plan Essay1135 Words   |  5 PagesWhy Your Healthcare Practice Needs a Marketing Plan Angela Bostick-Dixon Ashford University Strategic Planning amp; Marketing in Health Care MHA 626 Cynthia Davis November 27, 2011 Why Your Healthcare Practice Needs a Marketing Plan The business plan of any organization can only occur after a successful strategic plan is form and securely in place. The strategic plan in any corporation, organization, and small business ventures has a vision on where this organization needs to be in theRead MoreWhy Do Healthcare Practices Need a Marketing Plan?793 Words   |  3 Pagesthe coming year is known as a marketing plan. A marketing plan includes a statement of the marketing situation, a discussion of target markets and company positioning and a description of the marketing mix intended for use in reaching marketing goals (entrepreneur.com, 2012). A second definition of a marketing plan is as follows: a plan that describes the activities involved in achieving certain marketing objectives within a given timeframe. A market plan starts off with the identification of specificRead MoreDeveloping a Strong Marketing Plan for an Exotic Pet Shop825 Words   |  3 Pagesimportant part of any business plan and when you conduct marketing is just as crucial. (Lesonsky, 2013) While it is important to keep your marketing plan fresh and new it can be detrimental to use an â€Å"on the fly† type approach because it is hard to judge whether your plan is reaching your organizational goals. (Lesonsky, 2013) This is why the â€Å"when† of our marketing plan has to be properly thought out and well developed. Timing is very important to the success of a business so deciding when toRead MoreBusiness Writing : What Is A Waste Of Time?932 Words   |  4 PagesWriting 20 pages of meticulous plans about your startup is not going to make you money. You won’t get an investor to invest in your business because you had written a book about what you are planning to do. What gets you money? Actually putting your ideas to the test – showing results in real life not on paper. Starting a business is time-consuming and it’s hard. Don’t make it worse by spending a days in front of your computer creating a lengthy business plan. Essentially, do not waste timeRead MoreI Discovered The Wonderful Website Of Verne Harnish848 Words   |  4 PagesHow to Get Your Strategic Plan Business Plan on One Page By Darren Bourke Sep 16, 2008 Having written many Strategic/Business Plans for clients over the years, I was often amazed to see how quickly the plan was filed away to collect dust in business plan heaven despite the time, cost and effort in preparing them. In my constant search for the best resources, I discovered the wonderful website of Verne Harnish.. Verne is referred to as the Growth Guy and only coaches medium businesses in theRead MoreWhy Is Raising Capital Critical For Success Of A Business?1478 Words   |  6 PagesLesson 2.1 Which type of business takes resources from nature to make its products? Name several examples. Extractors are a type of business which takes resources from nature to makes its product. If they take resources from nature to make their products or for direct consumption, they are referred to as extractors. Examples include oil refineries, farmers and growers, coal and copper mines, lumber mills, natural gas extractors. Farmers are another example of extractors they cultivate land and useRead MoreWhy Is Strategy Important to Business786 Words   |  4 PagesIntroduction to Strategic Management Why is Strategy Important to Business Kaplan University Management Policy and Strategy MT 460 – 01 Unit 2 The question of why strategy is important to business is compelling to say the least. There are a number of reasons why strategy can and often does determine the success, growth or failure of a business. Without a strategy the business is responding to internal and external circumstances or demands without the advantage of a plan in place to address them.

Emergency Room Criteria, Vivid Description, Concrete Example Free Essays

In order to evaluate the quality of emergency room care, it is essential to understand and define the standards that define high-quality care. My standards for high-quality Emergency Room care include the following: 1) it maintains life. 2) It provides rapid attention to injuries in order to prevent impairment. We will write a custom essay sample on Emergency Room Criteria, Vivid Description, Concrete Example or any similar topic only for you Order Now 3) It is professional and focused on providing maximized attention to the patients’ needs. 4) It includes rapid response to crisis. 5) It includes alleviating pain. 6) It includes having well-trained personnel.7) It also includes efficiency. 8) It provides rapid assessment. 9) It provides cleanliness. 10) Finally, It utilizes excellent equipment. The American College of Emergency Physicians has established the following standards for high-quality Emergency Room care. 1) Emergency departments must possess the staff and resources necessary to evaluate all individuals presenting to the emergency department (ED.) 2) Emergency departments must also be able to provide or arrange treatment necessary to attempt to stabilize emergency patients who are found to have an emergency medical condition. 3) Because of the unscheduled and episodic nature of health emergencies and acute illnesses, experienced and quality physician, nursing, and ancillary personnel must be available 24 hours a day to serve those needs. 4) Evaluation, management, and treatment of patients must be appropriate and expedient. 5) Resources should exist in the ED to accommodate each patient from the time of arrival through evaluation, decision-making, treatment, and disposition. 6) Excellent facility design 7) State-of-the-art equipment 8) Access to required medications. (www.acep.org) The first standard is that a high-quality Emergency Room provides rapid attention. When I brought my 17-year-old son, who has asthma, to the Sutter Medical Center Emergency Department, he had difficulty breathing, was wheezing, had severe sweating, and heart palpitations. Unfortunately, the triage nurse did not prioritize my child’s medical needs. He had to wait a full 30 minutes to receive medical attention at the waiting area. When a person has an asthma attack, they need oxygen to live. If they do not receive rapid medical attention, his breathing problems increase and can even lead to shock. When my son had another asthma attack, I took him to the Kaiser Permanente Emergency Room. There the triage nurse determined that my son was in crisis. Thus, she immediately sent him to a treatment room where he received rapid attention. As a result, his crisis ended quickly. In conclusion, Kaiser was far superior to Sutter with regard to rapid attention. The second standard is that a high-quality Emergency Room provides well-trained personnel 24 hours a day. At Sutter, the triage nurse who evaluated my son did not seen to be well-trained about the effect of asthma. The doctors and nurses who provided care to my son were well-trained and were able to end his attack. At Kaiser, 100% of the personnel were well- trained. The triage nurse correctly evaluated my son and prioritized his care. The physicians and nurses who treated him were able to quickly stop his attack. The personnel at Kaiser were all well- trained where as a key staff member at Sutter was not well-trained. The third standard is that high-quality Emergency Room provides a clean, well-organized and well- designed facility. At Sutter, the Emergency Room was small and not well-ventilated. Patients were crowded together; thus their screams and pain made others anxious and germs could be easily spread. The vinyl floor was scuffed and dull, the window had a view of a brick wall, and the walls were painted drab green. In contrast, the Kaiser Permanente Emergency Room has been recently renovated inside and out. It is an attractive room with new furniture. The waiting room is spacious, and people are not crowded together. It is very clean. In conclusion, the Kaiser Emergency Room is superior with regard to high-quality facilities. The fourth standard is that a high-quality Emergency Room provides state-of- the- art equipment. At Sutter, there was a mix of modern and old equipment. The nebulizer was extremely old; however, the oxygen equipment was modern. At Kaiser, 100% of the equipment was modern. The Kaiser equipment was much more powerful, and helped to end my son’s attack more rapidly. In conclusion, Kaiser‘s Emergency Room equipment was superior to Sutter’s Emergency Room equipment because it was much more modern. The fifth standard is that there is immediate access to required medications. At both Sutter and Kaiser, my son received the necessary medication. Consequently, Kaiser and Sutter were equal with regard to the standard of access to medication. In conclusion, overall, the Emergency services at Kaiser Permanente were far superior to those provided by Sutter Medical Center. If I could it over again, I would have chosen to go to Kaiser Permanente both times. I only hope that the word gets out about Sutter Medical Center so that other patients do not make the same mistake I did and receive poor quality Emergency Room Care. How to cite Emergency Room Criteria, Vivid Description, Concrete Example, Essays

Governance - Regulation & Risk Management In Banking

Question: Discuss about the Governance, Regulation Risk Management In Banking? Answer: Introduction The global financial crisis changed the scenario of the capital market throughout the globe. Economies of some of the most developed countries came crashing down to the ground. With big names in the banking sector reduced to ashes, it was high time to start from the scratch (Covitz, Liang and Suarez 2013). Banks as financial intermediaries play a pivotal role in the development of the economy of a country. Banks are separate from other financial intermediaries, as they have a much extended role to play (Flannery, Kwan and Nimalendran 2013). Risk management is an integral part of the banking business and many regulatory and legislative changes have been made in this field since the financial crisis of 2008. These stringent norms have tried to change the manner in which banking business operations are carried out throughout the world. The Basel III accord proposed by the BIS (Bank for International Settlements) is one such example of regulatory measure regarding capital adequacy and ri sk handling in banks throughout the world (Frankel and Saravelos 2012). This essay attempts to bring out a critical analysis of the notion that regulatory changes have created a fear among the banking professional, which has lead to an increase in professional misconducts opposite what these regulations intended. In doing so, two articles of The Financial Times have been referred to that speaks about the speech given by the Chief Executive of the UBS bank. Sergio Ermotti, the Chief Executive of UBS stated that stringent regulatory changes have made banks more risk adverse and this has influenced the business to a great extent. He further suggested that making mistakes by banking professionals would be tolerated as long as they are honest ones. This created a stir within the banking fraternity and has been much criticised, as it will allow executive to make mistakes knowing that they can get away with those mistakes. A sense of getting a pardon for wrongdoings will tend them to take their responsibilities in a much serious manner. From the viewpoint of a shareholder, this irresponsible mentality is a crime that requires a death penalty (Haas and Lelyveld 2014). Shareholders and customers entrust the banks with their hard earned money and if the loose this money due to lack in their sense of responsibility; it turns out to be a total disaster for the stakeholders. Lets take a look at some of the factors of the global financial crisis. Banks throughout the world engaged too much in hedging and invested most of the money of their investors in bonds and other debt instruments that were secured by faulty commercial and residential mortgages. Too many collaterized debt obligations (CDO) were issued where the underlying assets were not performing (Fratzscher 2012). Banks were busy in making money by selling bonds, derivatives, swaps, and other securities without properly evaluating the status of the underlying assets. Most of these underlying assets were commercial and residential mortgages held by the banks for which advances were also provided by them. Banks were hardly bothered about recovering these loans as long as they were making money by selling securities collateralized by these loans (Haas and Lelyveld 2014). In the absence of a proper follow-up, these loans started to turn out bad and lost their value. The fact that these mortgages were t urning bad was undetected due to the fact that the bonds and securities were being sold got AAA ratings from most of the credit rating agencies. As a result, the banks paid much less heed towards proper evaluation and classification of these assets (Covitz, Liang and Suarez 2013). Gradually, these non-performing assets surfaced and the balance sheet of the banks started eroding. Non-performing assets or NPAs pose a great threat to the banks and are considered to be a real charge on the economy of a country. Banks are required to make provisions for NPAs out of their profits. As the amount of NPAs increased, the provisioning amounts also increased (Chodorow-Reich 2014). As a result, balance sheets of most of the banks started to show negative figures. This financial status brought down the market value of their shares along with the securities issued by them. All these contributed to the overall fall down of the international economies (Kuppuswamy and Villalonga 2015). Following the slow down came an enormous change in the regulatory and legislative frameworks. There was a wind to increase accountability and transparency in the manner business activities are carried out throughout the world. The concept of responsible lending practice became very popular. Respo nsible lending involved a proper evaluation of the credit worthiness of a potential borrower (Erkens, Hung and Matos 2012). Regulators were attempting to inculcate an environment of better governance and compliance to the regulatory and legislative changes that were made to increase the efficiency of the entire banking system. As mentioned above, the changes made by regulators and the government are meant to bring transparency and accountability among banking professionals. Ethical standards and code of conducts are being formulated and implemented to ensure that banks perform their duty of financial intermediation in a proper manner so as to cater an overall growth of the industry and that of the economy (Collins 2012). Effective internal control and internal check systems are effectively being placed to ensure that the risk of making mistakes are eliminated. In such a scenario, bankers are required to perform their responsibilities in a proper manner and be accountable for such work. This in no way hampers the risk taking ability of banks. It a conventional truth that risk and return are co-related (Kuppuswamy and Villalonga 2015). Effective risk management mechanisms are being used by financial institutions to counter and resolve risks arising out of their banking activities. The regulatory environment in no way wants banks to be risk adverse. Stringent norms are being put in place so that mistakes made by bankers do not cost the stakeholders and the banks valuable financial resources. However, if bankers are thrust in an environment where they know that they can be less accountable, the entire system will fail and it will become impossible to recover from such a situation. The main objective of the implemented codes of ethics and conduct will fail throughout the sector (Shiller 2012). This is what Lucy Kellaway stated in her article (the second article referred for this essay). A banker deals with public money and so being accountable and transparent in their work is one of the pre-requisites of the job. If they are allowed excessive room for errors, they will get in the habit of making errors. Some of these errors are inexcusable such as not adhering to proper documentation requirements, lack of foresightedness in evaluating the credit worthiness of a borrower, lack of seriousne ss in following-up of the advances made (Mullineux 2012). Errors in these cases might increase the operational risk of the bank that can ultimately lead to non-compliance of important legislative norms. Therefore, it can be said that regulators and legislators are not trying to make banks risk adverse but to take risks in a measured manner by proper evaluating the pros and cons of important investment and financial decisions (Singh 2012). In such a scenario, keeping loose ends internally will result in a total failure of the banking system. Performing financial services according to the applicable rules is the only way the objectives of an organization can be achieved. Lacking a spirit of accountability not only affects the stakeholders of a bank, it also affects the entire financial system of a country and this cannot be tolerated in an form (Collins 2012). Conclusion The above discussions point out to a very important fact about the functioning of banks throughout the world and its relation with national and international regulatory and legislative norms. The global financial crisis turned the tables for many developed countries and forced them to revisit their banking systems. In order to recover from the after affects of the crisis, various changes in the legislative front were made. Governments bailed out the economy of some of the worst affected countries of the world (Haas and Lelyveld 2014). The capital market collapsed and so did the securities market. Banks and other financial institutions became bankrupt in an attempt to cut short their losses. The aim of the regulatory reforms was to restructure the entire banking system. The risk taking ability of the banks faced an enormous challenge. Risk management had to be enforced in a new form by implementing an effective risk management mechanism that re-engineered the whole business process of these banks. Managing risk and being accountable was one of the primary objectives of the legislative changes. In such a scenario, if banking professional are allowed to get away with their mistakes, frauds and misconducts will increase rather than providing a proper solution. 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