The 2005 Bankruptcy Abuse Prevention and Consumer Protection Act Essay

The 2005 Bankruptcy Abuse Prevention and Consumer Protection Act - Essay Example The act implemented ways to make the process of filing for bankruptcy very long and costly in order to reduce the number of people filing for bankruptcy. People filing for bankruptcy undergo credit counselling intended to change their minds on filing for bankruptcy (Scott 2005). Later, those proceed to file for bankruptcy undergo means test to evaluate and determine their need and eligibility to file for bankruptcy. The establishment of this act has therefore worked to improve the cases filed on bankruptcy. This is because anyone who puts any file on a bankruptcy gets an opportunity to undergo credit counselling. With this counselling companies and individuals are able to have a clear analysis of their budges to avoid bankruptcy (Scott 2005). In that case, when individuals have critically well analysed and established budgets, they will be a position to have an insight of their ability to file for bankruptcy. This therefore eliminates the filing of bankruptcy by consumers without clear understanding of their ability to pay back their debts. Provision for counselling also helps people to plan on the options they have on paying their debts. These also provide a consideration of the available methods of paying back debts which can either be the priority of debts subject to the prevailing rate of interest or the consolidation of debts (Carroll 2007). After all this analysis, individuals will then be at their own free will to whether to file for the bankruptcy as they initially intended or to avoid it completely. On most cases, people who file for bankruptcy are very desperate for money. In that case, taking them through bankruptcy does not amount to any use at all. Individuals go ahead to file for bankruptcy in a financial state of dire need. After the counselling they proceed to file for the bankruptcy. This therefore is almost

Boeing Corporation Essay Example for Free

Boeing Corporation Essay From Boeing Corporate Structure (Chart 1), it shows Chairman, Executive President and Chief Executive Officer, which is represented by one individual to be responsible for Executive Vice President who also acts as Chief Financial Officer and is responsible for finance department while the president is responsible for International matter. Executive Vice President is also responsible and in charge of six other Senior Vice- Principals who in turn in charge of different departments such as law, business development and strategy, human resources and administration, communication, and internal governance. From the production management side, Boeing’s Business Development and Strategy is operating under two units, which are Boeing Commercial Airplanes and Boeing Integrated Defense Systems. Supporting these two units are Boeing Capital Corporation, Boeing Shared Services Group, and Engineering, Operations Technology, Aircraft Financial Services and Space Defense Financial Services. From Boeing Corporate Organizational Structure, it describes that the Aircraft Financial Services â€Å"assists commercial aircraft customers by arranging and structuring asset-based financing, managing technical assets, and providing a broad range of efficient financing solutions for Boeing Commercial Airplanes products and services†¦ provides expertise and product offerings include backstop commitments, operating leases, financing leases, sale/leasebacks, freighter conversion financing, long- and short-term financing, and senior and subordinated secured loans. Under the charge of its vice president and general manager, again the structure describes â€Å"Aircraft Financial Services works closely with Boeing Commercial Airplanes customers to develop aircraft financing solutions. Working with commercial financial institutions, the group is proactively engaged with the U. S. Export-Import Bank and other export credit agencies to ensure availability of adequate and reasonably priced financing for developing customers and regions. Aircraft Financial Services is playing an integral role, along with the Aviation Working Group, in improving the global aircraft financing infrastructure and ratifying the Cape Town Treaty, which will improve the legal framework for international asset-based aircraft financing. The group also is actively engaged to enhance and expand the capital markets. † The Space Defense Financial Services, on the contrary, arranges and structures financing solutions for government and commercial customers around the world. Vice President of the financial corporation â€Å"and his group work closely with Boeings Integrated Defense Systems business unit to help arrange funding for satellites, military transports, tankers and rotorcraft. Specialized projects and programs include military-related products, international defense financing, private-public partnerships, project financing, launch vehicles, satellites and related space systems. † The value creation in the company’s capital business unit is based upon â€Å"discriminating financing solution† with a primary mission is to arrange, structure, and provide financial assistance for the sale and delivery of Boeing products and services to other business units. It also aggressively solicits and arranges third party financing for its customers as well as manages its finance and financial risk properly. Boeing recognizes the diverse and highly skilled workforces who have great contribution to its success and has led the company to lead the world as the â€Å"world’s second largest† commercial and defense aircrafts. The people culture represents a lifelong learning experience. The diversity of the people also determines the culture of the company, which is for some, it is refreshing. From human development perspective, Boeing provides an opportunity for its employees to improve their skills through company-paid tuition program, through Boeing Leadership Center, and a continuous learning through other programs outside the company so that employees can â€Å"pursue studies in unlimited fields and environments† According to Boeing, its success is driven by its â€Å"ability to provide our customers with the right solutions at the right time and the right cost,† more effective in addressing â€Å"future evolving requirements for capability-driven solutions,† and is able to further â€Å"improve execution, reduce organizational complexity, and improve competitiveness† for its customers. In its Philanthropy Report, Boeing claims its â€Å"commitment to being a good corporate citizen. In fact, good corporate citizenship is a core value of our company and is integral to the way we conduct business around the globe. In addition to this being a social imperative for us, we see improving the quality of life in communities where we live and work as a key element to remaining viable and vital in today’s global marketplace† (2). Executive members are engaging in the activity of several nonprofit organizations including in college and university while employees are engaging in volunteer activities and other community programs. The company continues expanding as it generates new innovations. With expansion, its capabilities and capacity also increase, from human resources development to â€Å"more efficient members of its commercial airplane family; integrating military platforms, defense systems and the war fighter through network-centric operations; creating advanced technology solutions; providing broadband connectivity on moving platforms including airplanes; and arranging innovative customer-financing solutions. † The company boasts of its management and leadership success in the field of commercial aircraft and integrated defense system. Its strategy is to provide â€Å"the right people for the right job, technologies, processes and performance at the right time and in the right place across the company worldwide. † And to take a leadership role by creating a primary supports to its business units through several organizational groups such as Phantom Works, Intellectual Property Management, and Information Technology, as well as in the Engineering, Operations, Quality, and Information Technology process councils. According to Boeing, â€Å"through all its activities, Engineering, Operations Technology helps ensure the future success of Boeing by winning strategic new programs, providing innovative technology and process solutions, transforming Boeing into a global network-centric enterprise, enhancing and protecting the companys intellectual capital, and fostering a culture of innovation. † Looking at its success, Boeing has had great strategies but the recent strategy of cost management has impacted the company, especially employees downsizing. This will eventually affected the company’s future performance as the second of the world’s leaders in aircraft industry. Expansion increases cost but one best thing is to keep its specialty. The only strategy I would suggest for Boeing to maintain its healthy organizational is to reduce its expansive activity, such as investor’s outreach program or realty activity, while maintaining its human resources. Corporate executives’ compensation should also be taken into consideration because no executives are successful without the employees.

Gender Politics in the Criminal Justice System Essay -- Women Governme

The United States criminal justice system, an outwardly fair organization of integrity and justice, is a perfect example of a seemingly equal situation, which turns out to be anything but for women. The policies imposed in the criminal justice system affect men and women in extremely dissimilar manners. I plan to examine how gender intersects with the understanding of crime and the criminal justice system. Gender plays a significant role in understanding who commits what types of crimes, why they do so, who is most often victimized, and how the criminal justice system responds to these victims and offenders. In order to understand the current state of women and the way in which gender relates to crime and criminal justice, it is first necessary to provide a comprehensive analysis of the historical evolution of women in the criminal justice system and the affect that the different waves of feminism have had on policies and practices towards women in this system. I plan to argue that t he criminal justice system is another form of patriarchal control, a sexist organization which creates conflict between the private sphere of a woman's life and the public. This control extends far beyond the just incarcerated women, it affects all women. Despite the fact that there have been changes to certain policies and prison regulations, though made with resistance, none of the changes have been for the better. By looking at past and present situations as well as the differing feminist perspectives on the justice system, I hope to offer ways and opinions on how to improve this system and allow women to equally balance their life in the public sphere as well as their life in the private sphere. Before I begin, however, I would like to explain ... ...in the United States, 1800-1900"; Feminist Studies Heidensohn, Frances. 1986. Women and Crime: The Life of the Female Offender. New York: New York University Press Woolf, Virginia. Three Guineas, 1968 Harvest/HBJ Book Freedman, Estelle. 1974. "Their Sisters' keepers: A Historical Perspective on the Female Correctional Institutions in the United States, 1800-1900"; Feminist Studies Cynthia Enloe. Making Sense of the Wars in Afghanistan and Iraq in an American Election Year "What Does a Feminist Curiosity Have to Offer?" (2004) Belknap, Joanne. 2001"Gender, Crime and Justice"; The Invisible Woman, Canada: Wadsworh Group Rebecca Walker, 2002. "Ms." Magazine "I Am The Third Wave," Van Voorhis, Patricia. 1991. "The Impact of Race and Gender on Correctional Officers' Orientation to the Integrated Environment." Journal of Research in Crime and Delinquency

Admission Seeking Interviews Essay

There are several reasons why a person would consider and actually go through with committing fraud. It could be due to a perceived pressure, for example financial problems, abuses like drugs or alcohol, pressure from superiors, or simply because the individual is a disgruntled employee who thinks the company â€Å"owes them†. Or the reason could be they want to increase their lifestyle like â€Å"keeping up with the Joneses†. Other pressures could come from superiors who coerce employees to go along with the fraud or lose their jobs. Fraudsters rationalize their misdeeds with thoughts like; they will replace the stolen asset in the near future before anyone notices, or maybe the boss is doing it so why can’t I? Higher level employees like the CEO may rationalize that stock prices will be higher if they manipulate the financial statements, after all who they are hurting? It all comes out in the wash, right? Creative accounting is all it takes and adjustments could be made in the future to remedy this year’s fraud. Individuals who do a fraudulent act typically have the opportunity to commit the fraud. It could be because of shoddy internal controls; even with good internal controls a determined person could find a way to override them. A CEO or manager may think they are high enough on the totem pole that no one would question their antics. Once a fraud has been discovered or reported the fraud examiner must do his/her homework. They must secure data and documents to determine if a fraud has actually happened. Once all the evidence has been gathered about the crime and the subjects background has been determined the fraud examiner sets up an appointment which could be a planned or spontaneous event. He/she would interview the interviewee using a variety of techniques and executing objectivity, fairness and professionalism at all times. The subject who thinks the interviewer is out to help them and does ot judge their misdeeds would be more forthcoming with information so it is important that the interviewer thanks the person periodically offers breaks and concessions lie coffee or a drink. Once it has been determined that the subject was involved through investigation and preliminary interviews the examiner would sympathize with the subject stating such things as â€Å"anyone would do that in your position†. It is important that they establish a rationalization and motive for the fraud. The fraud examiner could produce other witness’ statements to try to get the subject to reveal their motive. Once the motive or rationalization is uncovered it would be important to discover how the act took place. What opportunities did the subject have to commit the crime? Examples could be poor internal controls, management that was lax, or the fraudster was capable of outsmarting his superiors. There are many recommended methods to have a successful interview. Each case is unique and has to be handled in a different way, but the outcome is pretty much the same. The purpose to an admission seeking interview is to determine how it was done, opportunity, why it was done, rationalization, and finally what made the person do it, perceived pressure. In closing, people are complex and unique in their make-up; there is no mold or template that determines who will commit a fraud or why they may do it. Not all people that have pressures for example sole providers of a struggling family, or can rationalize a reason, or have the opportunity will commit a fraudulent act. Basically we all have to live our lives under a certain code of conduct. People who deviate from the honest worker lack morals in my opinion. It is up to the examiner to uncover the truth. The fraud triangle is a helpful tool that gives a standard of the typical fraudster. Classifying potential pressures, opportunities, or probable rationalizations and by using the techniques of a successful interviewer one should net the desired result in determining if the subject is indeed guilty or just being set up by the whistleblower for whatever reason.

Human experience Essay

Star I thought it was a big coincidence that I ended up babysitting for a cancer patient with the same name as mine, Stephanie. Star, as she was fondly called, was a picture of hope when I first met her. I was a student then at a university near the hospital where she was confined. Her mom was a friend of my sister’s and one day, she took me with her to visit Star. That visit marked the beginning of a wonderful friendship. Every day I would visit her and she will be waiting by her window. I would bring her gifts, mostly toys and books I bought from a bookstore beside our school. We would often read the books together or play with her dad. One time, we also decorated her room with paper flowers and dolls. Star shared her dreams with me. She told me she wanted to become a doctor someday and help children like her. She wanted so much to get well that seeing her fighting for her life everyday sent tears to my eyes. But I never showed her my weakness for fear that that will bring her to her end. She taught me in her own little way to remain brave and hopeful despite the trials that come my way. It was in the afternoon of August 7, 2001 that she finally bid us goodbye. She knew it was her time to go back where she belonged, among the little angels of God where there is no pain, no tears, but only joy. That experience in my life made me wonder if God really exists and if He does, how come He didn’t answer my prayers. On the other hand, I knew that it was for the best. I myself didn’t want Star to suffer any longer. I realized God works in mysterious ways and we have to pass by many significant experiences to keep our faith and love for Him strong.