Boom of Credit Cards

Visas have become such a recognizable element of the way of life on the planet that it is hard to envision a purchaser economy working without them. The charge cards are these days the most helpful of a wide range of installments. The blast of the Mastercard business has influenced everybody in the realm of the â€Å"plastic money†. That was the name given to the Mastercard directly after it was developed. These days, the â€Å"plastic money† possesses a significant spot in the economy of the nation. â€Å"Settlements demonstrates that the quantity of Visas available for use expanded 34 percent between 1988†¦.. The information additionally show that the estimation of charge card exchanges expanded 98 percent during the equivalent period† (Yoo, p. s. 1997). A great deal of reasons clarify the way that the Mastercards are holding the most significant spot in the wallet and totes today. Behind these reasons , is concealing an essential social wonder that has extremely awful results in the nation, Mastercard misuse. Notwithstanding the measures taken by the authorities, insights demonstrate that the number is expanding regular. Today, Visa and Master card involve a significant spot in the charge card commercial center yet the pioneer in the business stays to be Diners Club. In 1949, as the lunch get-together tables were cleared at the Major†s Cabin Grill, a famous New York eatery of the period whose area nearby of the Empire State Building was then a significant resource, three men sat clustered over a prime table out of the way †¦. In their fervor, they brought over Major, the owner and asked him the amount he would pay for business that he would not usually get. Without jumping, Major answered â€Å"7 percent† , number that set up a significant industry (Lewis, 1990). ' Those three men were Alfred Bloomingdale, Frank Mc Namara and Ralph Snyder. They considered an arrangement for another kind of Mastercard. Not at all like the retail and gas charge cards, which were confined being used to those enterprises, theirs would be â€Å"universal† card that permitted its holders to buy merchandise and ventures at better places the nation over. An industry was conceived, Diners Club As a self evident actuality, the period directly before the First World War, was the principal year for another industry, the charge card industry. Those first Mastercards were not so much Mastercards as they are today since they served uniquely for constrained requirements. They could be utilized uniquely on an extremely low level. The utilization of charge cards by retailers started in 1914†³ (Lewis, 1990). Since that date there was an unfathomable development of Visa creation. Before World War I, scarcely any lodgings, oil organizations and retail chains gave charge cards. At that point in 1931 the carrier organizations presented the Visas in their business (Lewis, 1990). The development and the extension of the card went lide the speed of light. The most significant advance was the acquaintance of the Mastercard with the Internet in the 90†³s. Today, Web servers empower installments with charge card. A Mastercard exchange over the Internet is one of the most widely recognized sorts of installment. In the event that a vendor has a record with a dealer bank that offers Internet Visa preparing, he would have the option to acknowledge charge card installment over the Internet (http://search. netscape. com). â€Å"There was an expansion of $78 billion more than 1994, in only one brief year. We†ve been following it since 1980, and we†ve never observed that sort of increment. † (Glenn, 1984, pp. 857-68). What are the reasons that clarify the quick increment of the utilization of the Visas? As one explanation that may clarify the wonder, a few people may imagine that conveying a Visa is a lot simpler than having money or a checkbook in their wallets or satchels. There is no uncertainty that the â€Å"plastic money† doesn†t trouble in a wallet or a handbag in view of its little size. Another explanation that may clarify the Mastercard fever is that it permits its holders to go through the cash they haven†t got at this point. As a matter of fact, it would appear that free cash, in spite of the fact that it truly isn†t. That is the situation of the undergrads who have Mastercards and whose guardians will pay the obligation their kid has made. The most grounded contention that could be additionally the primary explanation the t clarifies the expanding number of Mastercard exchanges is that a ton of low pay people are conveying â€Å"plastic money† and are utilizing it generally yet not carefully. At the point when the ideal opportunity for taking care of the funds to be paid comes, many individuals need more cash to clear their bills. Here is the start of a cycle that most likely will never stop (Kathy and Bill B. â€Å"s case) until the Mastercard organization or the banks understand that their customer†s obligation is developing each month. Prior to any response of the lenders, the obligation has arrived at a fantastic sum. Because of a non-installment of the bills, the issues in the Visa business started. Notwithstanding lost or taken cards and charging mistakes, a wild marvel was conceived in the business, extortion. Two significant perspectives decide the misrepresentation in the business, taken cards and the bootleg market made around the â€Å"plastic cash. † truth be told, falsifying Visas has taken a significant turn during the 60s. True to form, not long after they had established the spontaneous charge card programs in the late 1960s, the bank started to encounter noteworthy misfortunes because of misrepresentation (Lewis, 1990). Measurements demonstrate how quick the extortion went up in the business. In 1964, the U. S. Mail station researched just fifteen instances of Mastercard misrepresentation. After four years, in 1968, that figure shot up to 360, and the next year, it dramatically increased to 762. In 1970, Andrew Brimmer, one of the Federal Reserve Board†s seven governors, indicated that bank charge card misfortunes had expanded 50 percent that year to $115. 5 million or $3. 4 percent of $3. 4 billion in remarkable Mastercard obligation (Lewis 1990). In 1971, the Los Angeles Police Department made open its initially detailed of forging Visas. The forgers, two ladies and small time who evidently knew about in any event one bank numbering framework utilized bona fide clear cards stock to succeed their activity (Lewis, 1990). The extremely quick presumption of the maltreatment in the Mastercard business made the banks and the Visa organizations consider discovering arrangements that could stop this horrible marvel. Since the significant wellspring of misfortunes in the business was taken cards, it was extremely hard for the charge card organizations to discover an answer that would stop misrepresentation. The extortion in the charge cards industry had a significant effect in the economy of the United States, for example, monetary misfortunes. In 1973 alone, charge cards misfortunes were evaluated to be $288 million-or 1015 percent of the all out Mastercard deals (Lewis, 1990). The misconduct rate has increased four quarter in succession just because since 1991†¦.. Toward the finish of 1991, $3. 4of each $100 owed on charge card was reprobate, up eight percent from 1994 (Business Journal of Charlotte, 1996). Whose duty right? In enormous part, the banks themselves were answerable for their proceeding with misfortunes. In their longing to advertise their cards as effectively as could be expected under the circumstances, they were hesitant to discolor the picture go the Mastercard by publicizing accounts of robberies and misfortunes , so they concealed the data not to caution potential cardholders(Lewis, 1990, p. 8). The administration might be considered dependable too on the grounds that the administration issues cards to the individuals for government travel costs as it were. Shockingly, those cards have been utilized for the acquisition of mixers, gems and blossoms (Fritz, S. 1996, March 16). That is another â€Å"ugly face† of Visa misuse. The individuals who should assist the nation with overcoming the issues misuse escalate the circumstance. As the business was developing, the banks and the charge card enterprises didn't think about any elective that would stop a possible extortion in the business. The absence of the board was one of the significant wellsprings of the issue. As one arrangement that must be discovered, the Mastercards organizations concocted the made sure about Visa that permits the client to spend not more than what the individual in question has in their bank sparing record. That appeared to be a decent answer for stop the extortion however crooks are acceptable to such an extent that they formulated approaches to take advantage of conceivably rewarding business sector. By the mid 1970†³s, the Visa organizations introduced their own law implementation to battle charge card extortion, the Association of Credit Card Investigators (ACCI). The job of this unit o the Mastercard organizations was to have a superior administration of the developing number of clients. One measure started by the ACCI that demonstrated powerful was a blend of a post mailer with double dating on the Visa. A double dating empowers the Mastercard Company to postpone the powerful beginning date of the card until after it ought to have been gotten by the cardholder. The post mailer educated the proposed cardholder that a card had been sent to the person in question and that the charge card Company ought to be told on the off chance that it had not yet been gotten. Therefore to the significant estimates assumed by the praise cards organizations, 75% drop in extortion in the primary years (Ventura, 1992). Another preventive measure received by the Mastercards organizations was an admonition notice making the banks and shippers aware of false cards. All the significant Mastercards organizations didn't affirm this sort of measure. On one hand, American Express, Diners Club felt that the admonition announcements were important to control misrepresentation just as the abuse of cards by delinquents and overspenders. Then again, Visa took the position that cautioning announcements were a bit much and that sending postcard was sufficient. Measurements demonstrated later that Visa was losing a higher level of its charge volume from misrepresentation than American Express and di

Common Hull Shapes on Boats and Ships

Seriously, I Do Not have a Cat COLUMBIA UNIVERSITY - SIPA Admissions Blog

Seriously, I Do Not have a Cat COLUMBIA UNIVERSITY - SIPA Admissions Blog You might not think it, but the process of assembling and reading admission files can take a physical toll on those that work in the office.   I have gotten burned by hot printer parts, gouged by staples, strained muscles when lifting boxes of paper with my back instead of my legs, and felt pain in my wrist after using a manual stapler for days on end.   But the most common injury by far is the paper cut.   Actually we took it to a whole new level a year or two ago when we moved from paper admission folders to plastic ones. Okay, I know I probably just made all those interested in environmental studies and policy cringe with that last sentence . . . but wait, there is logic to it.   When we used to use paper admission folders they were one time use.   We would write all over the front of a file and once the year was done we shred them up and ordered thousands more for the following year. Now we simply reuse plastic file folders year after year and the cover sheet is on the inside of the file, viewable through the plastic.   Take   a look . . . Yes, your file will be placed in a folder just like this one.   All of your precious information is on the inside and when the year is over we can reuse the plastic folder the next year.   Plastic is wonderful for this purpose, but I found out that plastic folders possess the same ability to slice human skin as paper folders. Little paper cuts are annoying but generally do not cause me a lot of grief.   A single sheet of paper will sometimes slice me and I will wince but move right along because upon initial glance there is an indication of the damage, but little to no blood.   However, there are those paper cuts where I wince, grasp at the cut, and immediately shut my eyes.   From the second the slice occurs I can just tell that what I am going to see when I take my uninjured hand away is not going to be good. Maybe you know the kind of cut I am talking about.   Like one in the webbing between your thumb and index finger that is really deep and each time you move you can feel the cut separating in the webbing.   Paper cuts from paper folders, which are pretty heavy gauge, can be brutal and it did not take me long to discover that plastic files can be just as potent. With paper cuts and staple gouging occuring quite frequntly this time of year, I could easily be mistaken a cat owner.   My hands almost appear as if I have tried to give a cat a bath   something I tried in my childhood when my parents went out one night and learned quickly never to do again.   Although I could be mistaken for a cat owner, I am instead the owner of several thousand admission files . . . some of which like to exact their pound of flesh.

Behnam Namdar. Professor Solheim, History 107 . Winter

Behnam Namdar Professor Solheim, History 107 Winter 2017 CRN 25244 Analysis of The Bill of Rights The Bill of Rights it’s made up from the first 10 amendments. Out of a total of 27 amendments, which the house approved 17 amendments and out of these, the senate approved 12 amendments and these amendments were send out to the states for approval at the end 10 amendments out of these 12 amendments were approved and they are now known as the Bill of Rights. The Bill of Rights indicates all the exact preventions on governmental power. The main point of a bill of rights was to prevent the contention between federalists and anti-federalists, which give out specific limits on government power. The main difference between federalists and†¦show more content†¦Also, this amendment mention that people have the freedom of speech which I believe it’s very important for the country especially for United Stated because as I mention this country include many people with different religion, country, ethnicity, believe, †¦ , and all these p eople have different thought and idea which we need to respect to each and give the freedom of speech to people to have the voice to talk about their needs. The second amendment mentioned about having well-developed and structured Militia which is required for the security of a free state. This amendment it’s important for people as others cause the main reason for having the bill of rights is to give people freedom and let them decide for their future and their own country that their living on and maintaining good and safe militia, as this amendment permit the American citizens to have the right to conserve themselves armed and to sustain a militia. As up right now there are several countries that take away the rights for their citizens to be armed such as Great Britain, which the government had voted to authorize their citizens to be disarmed. The third amendment it’s regard to the soldiers, which disallows them from temporality inhabiting in private houses during pe acetime without getting the acquiescence and consent. I personally believe this amendment is very good for keeping the country protected because soldiers are very important for the

The Definition and Usage of Circumlocution

Circumlocution is the use of unnecessarily wordy and indirect language to avoid getting to the point. Though circumlocution is usually regarded as a stylistic vice in contemporary prose, it can be used for comic effect, as in the passage below by S. J. Perelman. Examples and Observations Monty Pythons Man Who Says Things in a Roundabout WayInterviewer: Good evening. Well, we have in the studio tonight a man who says things in a very roundabout way. Isnt that so, Mr. Pudifoot?Mr. Pudifoot: Yes.Interviewer: Have you always said things in a very roundabout way?Mr. Pudifoot: Yes.Interviewer: Well, I cant help noticing that, for someone who claims to say things in a very roundabout way, your last two answers have had very little of the discursive quality about them.Mr. Pudifoot: Oh, well, Im not very talkative today. Its a form of defensive response to intense interrogative stimuli. I used to get it badly when I was a boy—well, when I say very badly, in fact, do you remember when there was that fashion for, you know, little poodles with small coats.Interviewer: Ah, now youre beginning to talk in a roundabout way.Mr. Pudifoot: Oh, Im sorry.Interviewer: No, no, no, no. Please do carry on because that is in fact why we wanted you on the show.Mr. Pudifoot: I thought it was because you were interested in me as a human being. (gets up and leaves)(Terry Jones and Graham Chapman, Royal Episode 13: The Toad Elevating Moment. Monty Pythons Flying Circus, Dec. 22, 1970)Fed-Speak: The Circumlocutory Federal Reserve Chairman- [Federal Reserve Chairman Alan] Greenspan went on to suggest raising the retirement age, though he slipped it in using his customary circumlocution: Another possible adjustment relates to the age at which Social Security and Medicare benefits will be provided. Under current law, and even with the so-called normal retirement age for Social Security slated to move up to 67 over the next two decades, the ratio of the number of years that the typical worker will spend in retirement to the number of years he or she works will rise in the long term. In other words people are just living too long.(Dan Ackman, The Passion Of The Fed Chairman. Forbes, Feb. 26, 2004)- As Fed chairman, every time I expressed a view, I added or subtracted 10 bas is points from the credit market. That was not helpful. But I nonetheless had to testify before Congress. On questions that were too market-sensitive to answer, no comment was indeed an answer. And so you construct what we used to call Fed-speak. I would hypothetically think of a little plate in front of my eyes, which was the Washington Post, the following morning’s headline, and I would catch myself in the middle of a sentence. Then, instead of just stopping, I would continue on resolving the sentence in some obscure way which made it incomprehensible. But nobody was quite sure I wasn’t saying something profound when I wasn’t. And that became the so-called Fed-speak which I became an expert on over the years. It’s a self-protection mechanism when you’re in an environment where people are shooting questions at you, and you’ve got to be very careful about the nuances of what you’re going to say and what you don’t say.(Alan Gree nspan, quoted by Devin Leonard and Peter Coy. Bloomberg Businessweek, August 13-26, 2012)The Circumlocution OfficeNo public business of any kind could possibly be done at any time without the acquiescence of the Circumlocution Office. Whatever was required to be done, the Circumlocution Office was beforehand with all the public departments in the art of perceiving—HOW NOT TO DO IT.(Charles Dickens, Little Dorrit, 1856)Perelmans ProseIn two shakes of a lambs tail—the official signal for aircraft to land in Palm Springs—the plane had landed and a flourish of trumpets greeted its three passengers, two of whom were familiar to any bystander. They were the renowned vedette Elizabeth Taylor and her producer husband, Mike Todd. The third, who bore more than a passing resemblance to the Apollo Belvedere but could not be said, in all justice, to rank with him in intellect, was the present writer. His chief distinction—if one may borrow G.K. Chestertons facility wi th paradox for a moment—was that he possessed no distinction whatsoever. What startling conjunction of the planets, what mysterious and inexplicable forces of the I Ching had mingled the destiny of this utter cipher with that of these eminent face cards?(S. J. Perelman, The Hindsight Saga. The Last Laugh, 1981)Iranian CircumlocutionsMr. Ahmadinejads habit of answering every question about Iranian policy with a question about American policy was clearly wearing on some of the members, but at the end they acknowledged that he was about as skillful an interlocutor as they had ever encountered. He is a master of counterpunch, deception, circumlocution, Mr. Scowcroft said, shaking his head. Mr. Blackwill emerged from the conversation wondering how the United States would ever be able to negotiate with this Iranian government.(David Sanger, Irans Leader Relishes 2nd Chance to Make Waves. The New York Times, Sep. 21, 2006)Circumlocution as a First StepWe often take circumlocution as evasion, it neednt be. It might be a first step, a first form, triangulation: talk around something long enough and you can divine its center. Circumlocution. Perigraphs. I am going somewhere.(Kevin McFadden, Hardscrabble. University of Georgia Press, 2008)

Challenges and Best Practices in Corporate Governance Free Essays

Former Finance Secretary Jesus Estanislao once compared good corporate governance as keeping one’s house in order. Most people want well-run households, one that keeps a lid on expenses while keeping things neat and clean and takes care of the various needs of family members. In the business setting, a clean house is more attractive to prospective investors. We will write a custom essay sample on Challenges and Best Practices in Corporate Governance or any similar topic only for you Order Now Good corporate governance promotes transparency, accountability and responsibility. Corporate governance is not just about ethical conduct or being transparent and fair to stakeholders, it is also a means to improve a company’s performance, competitiveness and sustainability. In the Philippines, compliance with corporate governance codes is still relatively low. It is probably an offshoot of the way most Asian economies do business, which is largely personal and based on connections—whether by family, affinity or friends. In addition, the adoption of good corporate governance practices is a function of a firm’s financial performance. In Singapore for example, a relatively developed economy, a recent report showed a widening gap between companies with strong and weak corporate governance policies. But it is when crisis occurs when the defects in corporate governance are seen. Learning curves for the adoption of scorecards and best practices for corporate governance are a tad high, and maybe difficult for several companies to implement. Dr. Estanislao once said that his advocacy for companies in the Philippines to adopt good corporate governance standards is a slow burn. But someone has to do it, and progress must start as soon as possible so it can also blossom faster. How to cite Challenges and Best Practices in Corporate Governance, Papers

An Inspector Calls play analysis Essay Example For Students

An Inspector Calls play analysis Essay In this Play the inspector plays various roles. He plays a socialist as he is against capitalist views and because he is not just looking out for himself but others as well. Also he is known to be a catalyst as he brings a split in the Birling family. He plays a ghost as we find out he is not real. Additionally he plays a fraud because he is not a real inspector, but he does act as an Inspector. The inspector adds a great deal of tension and drama to the play. Priestley does this because he brings tension between the younger generation consisting of Sheila and Eric and the older generation consisting of Gerald, Mrs. Birling and Birling because of the inspector. Priestley uses the inspector as a substitute of him self to put his socialist points across this adds drama because we have to think about what he is trying to do. The four Birlings and Gerald are happily seated around the dinner table having an enjoyable night celebrating Sheila and Geralds engagement. All of them are feeling happy and are comfortable and relaxed and do not seem to have a care in the world but all of that is about to change. The scene is set in 1912, which is a pre war time. Also this is the time when the suffragettes were fighting for womens rights. Additionally this was the time that the Titanic was built. The unsinkable ship, which ironically sank, would set sail in a weeks time. The life that the Birlings live is very nice and easy but Priestley is showing how great things always end in disaster like the evening they are having. This is also ironic as he starts by telling us how the Titanic was unsinkable and it ended and just like he will go on to tell us how the Birlings lives are good at the moment but this will soon come to an end. The story does have some relevance to the early nineties even if the novel it was written in 1945. All these points are there to remind us of how not all good things last and how we should all look out for each other and not just for ourselves. An example is We are members of one body, said the inspector. This shows us that the inspector is enforcing the point of being part of one community and that we should look out for one and other. This also shows the link of how the inspector could just be Priestley in another form such as a ghost. I believe that Priestley is reminding us to look out for each other just in case any major wars happen and we have to rely on each other so thats maybe why he is enforcing this. When the inspector first enters the stage the atmosphere changes but not a great deal on first sight of the inspector. The inspector does not appear to be a big man but he does make him self appear strong and confident. He gives an impression that he will destroy them if they toy with him. Sheila changes the way she thinks and decides from now on she is going to be good. She has come to this decision as a result of the influence the inspector has had on her. His socialist views have been understood by Sheila and have changed her because she is going to start to care for other people. For example whoever that inspector was it was anything but a joke. You knew it then. You began to learn something. And now youve stopped, said Sheila. This shows us that the Inspector really has influenced Sheila and she has learnt something from what he is trying to say. Also she is showing the divide between the Birlings when they find out the inspector was not real as they now will not take responsibility for the death of Eva Smith but the youngsters will. The Inspector creates a split between the family by dividing the younger and older generations. He is a catalyst because he divides the family and makes them angry at each other. Gerald and Sheila will not get married because of the inspectors visit. Birling may not get his knighthood because of the visit from the inspector may cause a scandal. All these things are the effects of the Inspectors visit. All Priestley is trying to do is make everyone take responsibility for their actions, for example what he is doing to the Birlings. By doing this it makes the audience feel like they need to do the same thing but not act like the older generation of the Birlings but act like the younger generation. Strife monologue from the play by John Galsworthy EssayPriestley puts across message of capitalism verses socialism as he shows the Inspector, the socialist saying how we should not be like a capitalist but more like a socialist and care for one another. The inspector is a socialist as is Priestley and have socialist views. They are against capitalism, as they do not feel you should just earn a living for money and for yourself but you should help other people. The inspectors name is a pun for ghoul. This then leads us to believe that the inspector does not exist. He is some sort of ghost or phantom who is a nightmare to the Birlings. The Birlings have other beliefs that prove the inspector does not exist like Gerald. He finds out from another police sergeant from the county force that there is no one like or called the inspector they had met. In addition, the older generation seem to think it is all a hoax. For example Its a hoax of some kind, said Gerald. This shows that the older generation thinks it is some old fool playing a trick on them causing a scandal. There is nothing wrong with them believing this as they now have evidence that the inspector really is not an inspector but a fraud but that is only if he really does exist which is unknown to everyone. It could also show that the inspector is a bad ghoul playing tricks on family to have fun. He seems to know about he future because he knows what will happen to Eva Smith that no one else knows about, which may give the audience an idea that he is not a human being. He is another type of life such as a spirit that does not exist in our world, as it is virtually impossible to predict the future. He does make the Birlings scared of him as he breaks them down one by one leading them to confess. This may also show why he is a ghoul because he is scary. The inspector being a ghoul makes the audience more interested in the story because there is no obvious thing at the beginning of the story that gives him away but we all have our suspicions and this leads to tension as we want to continue to view the play to find out whether our suspicions were correct or not. This is another aspect that makes the play so good and again it involves the truth hidden behind the inspector. The inspector had an enormous affect on the Birlings. He caused them to fall out with each other and go against each other. From all what he told them the only people that actually learnt their lesson was the younger generation. The elders did not as when they found out the inspector was a fraud they were celebrating so what the inspector said went through one ear out the other. I think the family could get back to how they were before but it would be on Sheila and Erics conscience that they once helped lead a girl to suicide. Priestleys over all message in this story was we are all part of one community and we have to look after each other rather than just looking out for ourselves. If one person is affected in the community than all of us are. That is what Priestleys over all message is. I believe the over all role of the inspector was to play a substitute of Priestley to get Priestleys messages across to the audience and the Birlings. The Inspector has many hidden messages in him. He plays so many different roles and the he himself makes the whole story. He makes you think and puts across the messages, which to me is the point of the book. He is very effective and adds a great deal of drama.