Saturday, June 27, 2020
The objective of this paper is to try and understand the Bank of Queensland (BOQ) operations in Australia and its successes or failures in the last 5 years as it devises various strategies to take an even bigger slice in the banking industry in Australia. We shall critically analyze each strategy and understand how it has helped or hampered the banks operations. We shall also try and understand strategies followed by other banks and accordingly try and devise future strategies for Bank of Queensland to follow to help aid their growth in the industry. Till a few years back, Bank of Queensland remained an almost unknown entity outside of Queensland, but over the last few years, through its unique Owner Managed Branches (OMB) strategy, they have expanded their growth across Australia at a rapid pace. They have also merged or acquired companies along the way in order to help strengthen their base. As of now, the Bank sits outside of the Big 4 banks present in Australia, but it hopes that in the future they would be able to be amongst the biggest players in the Australian Banking Industry. In order to be amongst the biggest players in the Australian Banking Industry, the bank needs to expand its network further through more OMB networks and try and buy out financial institutions that are up for sale which would be assets to the organization in the long run. BOQ..A Snippet Bank of Queensland (BOQ)ÃâÃ is aÃâÃ 136-year old organization and one of Australias top 100 companies (BOQ, 2010). The Bank was established in 1874 as The Brisbane Permanent Benefit Building and Investment Society, the first permanent building society formed in Queensland. In 1887, the society converted to a bank. Then in 1942, following mergers with other Queensland-based financial institutions it became a trading bank. The name Bank of Queensland was adopted in 1970, just asÃâÃ the BanksÃâÃ operations were computerized. A year later the Bank became a publicly traded company listed on the Australian Stock Exchange. The Banks first regional branches Cairns and Townsville were opened in 1985. Between 2001 and 2004, an accelerated branch opening program sawÃâÃ it open 55 new branches throughout metropolitan, regional and rural Queensland, the perfect springboard from which to launch its national expansion under the Owner Managed Branch strategy, a first in the banking industry (BOQ, 2010) which has seen the company open up branches across Australia in a very short span of time. It currently has 266 branches and 3,598 ATMs across Australia (BOQ, 2010). The Bank offers a range of personal banking services catering to the individual banking needs in the country. Its services includes everyday banking accounts, credit cards, debit cards, home loans, wealth management, savings and investments, personal loans, insurance, travel money services and margin lending. In addition, the bank also provides private banking services primarily to high net worth customers. Its services includes cheque accounts, at-call and term deposits, credit cards, mortgage and line of credit finance, home and investment loans, and equipment finance. The Bank offers an array of business banking services which include business transaction accounts, equipment finance, business cards, business investment accounts, statutory trust accounts, cash-flow finan ce, business loans and merchant services. The Bank also offers international services to its business banking customers which includes foreign exchange payment options, trade finance and services, foreign exchange hedging services, foreign currency accounts and deposits, and traveler cheques. The Bank also offers online banking services to its clients through both internet and on phone. The Banks majority shareholders includes HSBC Custody Nominees (Australia), Share Investment No2, National Nominees, J P Morgan Nominees Australia, Milton Corporation and ANZ Nominees among others (BOQ, 2010). AUSTRALIAN BANKING INDUSTRY The Global financial crisis didnt affect Australia as much as the rest of the world due to the rather strong Banking regulations in place (Abott, 2010). In fact, Australia has a long history of stable and safe banks.ÃâÃ One indicator is the fact that virtually no Australian has lost their deposit in an Australian bank in the last 100 years. The last failure where depositors money was lost occurred in 1931 when depositors in the Primary Producers Bank of Australia lost a negligible amount of their deposits. Not a single dollar of taxpayers money has been demanded or required to reimburse bank depositors in over one hundred years (Australian Bankers Association, 2004). While there are many banks present in the Australian Banking Industry making it rather competitive, there are only 4 Banks which command a substantial market share namely, Commonwealth, WestPac, NAB and ANZ who together have a little more than 80% of the housing loan segment (BOQ, 2009). The other banks are generally small or regional players such as Bank of Queensland. Bank of Queensland currently has a market share of 2.2% (BOQ, 2009). The acquiring of BankWest by Commonwealth Bank (The Australian, 2008) and a similar merging of St George with WestPac (ABC, 2008) has left BOQ a vacant 5th position for it to move into and then slowly grow from there (BOQ, 2009). The recent takeovers of BankWest and St. George by major banks have left a void in real alternatives for small business finance in Australia (BOQ, 2009). (Source: Full Year Results 2009) BANK OF QUEENSLAND PERFORMANCE EVALUATION 2005 2009 Despite the Global Financial Crisis, Bank of Queensland didnt suffer any loss during the period despite facing more expenses to secure their funding (BOQ, 2008). In fact, the profits of the bank went up by a staggering 46% despite the downturn to settle at $ 155.4 million (BOQ, 2008). Let us critically analyze each aspect of the Banks business over the last 5 years. Below is a snapshot of the Banks Finances over the last 5 years. (Source: BOQ Annual Report, 2009) As can be seen from the table above, the bank has maintained a steady growth in its profits as well as its assets and despite the strain put on it by the Global Financial Crisis; it managed to withstand it and grow by a very healthy 46% during that period. The total assets under Management have also grown 150% times from $ 14,388 million to $34,545 million between the years 2005 to 2009. Total Loans under Management has also seen an increase from just $12,381 million in 2005 to $28,866 million in 2009, an increase of 130%. Retail Deposits also saw a gigantic increase from just around $5,843 million in 2005 to 16,248 million in 2009, an increase of around 200%. The reason for such a steady growth in profits can be mainly attributed to 3 factors namely: The Growth in Owner Managed Branches (OMB) Mergers and Acquisitions Reduction in Cost to Income Ratio These 3 Factors have formed the backbone of BOQ expansion strategy and have greatly helped the bank as can b e seen below: (Source: BOQ Annual Reports, 2009, p 43) EVALUATION OF CURRENT GROWTH STRATEGIES Let us now analyze each of these strategies individually and understand how they have benefitted the company. OMB MODEL BOQs Owner-Managed model is unique to the Banking industry as no other bank in the world follows this model (BOQ, 2010). Under this model, People can apply for a franchisee of Bank of Queensland, and provided they meet the stringent conditions of the bank, they are allowed to open one and operate them with the Bank of Queensland providing them full support. The contracts are renewable every 5 years. The Owners pay for the day to day expenses in the running of the bank including staff salaries and in return they get a percentage of profit that the bank makes. With local people being the Owners of branches, the bank is trying to give each bank a local feeling. Also, with the Owners also being Branch Managers of the bank, they would be more inclined to work harder to pursue the banks interests as it would lead to more profits for them. It combines the benefits of a motivated sales culture with a compliance focused culture. The OMB model has worked very well for the bank an d has helped the bank expand its base to other parts of Australia thus giving it a much more national presence. From the Banks perspective it is a low cost expansion strategy. It is a variable model that rewards performance. Since 2001, the Bank has expanded from 93 branches to now having 283 retail sites in each state of Australia. Such has been the success of OMB that 22 corporate branches were converted to OMB, and the average monthly settlements in these 22 branches rose by 62% (JP Morgan Conferences, 2008). Below; one can see a more accurate representation of the performance of OMBs. (Source: JP Morgan Conference, 2008) MERGERS AND ACQUISITIONS Besides the huge role played by OMBs in expanding the business operations of BOQ, Mergers and Acquisitions of already established businesses have also helped BOQ expand its geographical presence all over Australia. In 2003, the Bank made two key acquisitions. BOQ purchased convenience ATM provider ATM Solutions Australasia, which it subsequently doubled in value and sold for a net profit of $15 million. The Bank still maintains one of the most widespread ATM networks in Australia, with 3,599ÃâÃ ATMs till date (BOQ, 2010). Ãâ BOQ also purchased equipment finance company UFJ Finance Australia, givingÃâÃ it their first significant interstate presence and positioningÃâÃ themselves as a major player in the $20 billion equipment finance industry. In 2005, BOQ acquired the $78 million debtor finance division of ORIX Australia, further strengtheningÃâÃ their position in the debtor finance industry (BOQ, 2010). Ãâ InÃâÃ August 2007,ÃâÃ Bank of Queensland made a successful bid for the Mackay-based Pioneer Permanent Building Society, providing the Bank with strong market synergies in the booming Central and North Queensland economies (BOQ, 2010). Ãâ In November 2007,ÃâÃ members of Home Building SocietyÃâÃ in Western Australia overwhelmingly endorsed a$592 million merger proposal.ÃâÃ This merger with Home delivered an additional 35 branches,ÃâÃ access to the strongÃâÃ growth economy in Western Australia andÃâÃ further increased BOQs national footprint making it a truly national company (BOQ, 2010). In early 2010, BOQ finalized a deal to purchase St. Andrews Australia Insurance Business from Commonwealth bank for $60 Million with the hope of expanding into life and credit insurance besides diversifying its business and improving its returns (SMH, 2010). In recent news, BOQ announced its intention to buy CIT Groups Australia and New Zealands vendor finance business for a deal reportedly around A$500 million (Reuters, 2010). CIT group is said to hold assets of around $A66.2 Billion in various banks (NineNews, 2010). This acquisition would prove a shot in the arm for BOQs $100 Million vendor fina nce business (NineNews, 2010). REDUCTION IN COST TO INCOME RATIO In order to increase profits, BOQ embarked on an ambitious cost reduction plan with an aim to bring down their cost to income ratio to as low as 45% by 2011. The program has seen tremendous success as the banks Cost to Income ratio has come plummeting down from as high 64.5% in 2006 to 49% in 2009, a drop of 15.5% in just 3 years (BOQ, 2009) or a $50 million saving annually (UBS, 2009) as can be seen in the illustration below: (Source: UBS Financial Services Conference 2009, pg 16) Below is an illustration on the areas of operation where BOQ managed to get a reduction in costs: (Source: BOQ Full Year Results 2009, pg 15) CORE COMPETENCIES OF BANK OF QUEENSLAND Being a small regional bank, its but obvious that the resources available to Bank of Queensland were rather negligible. However, they managed to overcome this shortcoming by coming up with a very unique OMB model which saw the rapid expansion of bank to become a Pan Australian company in a short span of time, with little or no investment done by themselves (Liddy, 2002). The banks main competency lies in its ability to streamline its costs, but at the same time offering its customers a good quality of service. As Liddy (2002) rightly put it, Across the organization, I see us as the Virgin Blue of banking, utilizing revenue and sales incentives to motivate employees to strive for excellence in customer service and creating shareholder wealth in the process. It is pertinent to note here that according to a survey conducted by TNS Business Finance Monitor (2009), Bank of Queensland emerged with the highest customer satisfaction levels of 90.9%. Another main competency of the banks remains in their proper identification of companies to merge with as they have picked up good companies to acquire which have helped them consolidate their business manifold (Refer Mergers and Acquisitions above in this paper for more details). LOOKING FORWARDÃÆ'Ã ¢Ã ¢Ã¢â¬Å¡Ã ¬ÃâÃ ¦MOVING FORWARD SUGGESTED DIRECTION FOR THE FUTURE CONTINUE OMB EXPANSION The OMB model of expansion has been a big success to the bank as it has helped the bank expand at a rapid space with minimal investment (Liddy, 2002). Given its success, it would be wise to carry on with this expansion model. A few alterations could be made to the model by reducing terms and conditions of setting up franchises in rural segments so as to enable a better rural penetration. However, the company must continue to ensure total care with whomsoever it franchises with to ensure no misrepresentation of the company takes place. LOW COST TO INCOME RATIOS The low cost to income ratio has seen the bank save around $50 million annually (UBS, 2009). The bank should continue in this same vein and look at further streamlining their business. They should however ensure that this cost cutting does not have an adverse effect on customer service and efficiency or else it would have a negative effect in the long run. MERGERS AND ACQUISITIONS Past mergers and acquisitions have been very beneficial in helping the company move forward and expanding its reach across Australia. Given the current Global Financial scenario, where many businesses are up for sale due to lack of credit, Bank of Queensland should look to capitalize on this and try and acquire these companies, many of which are still feasible ventures such as CIT who BOQ are trying to purchase. BOQ should also not limit itself to only companies that operate within Australia and look towards expanding their reach in developing nations such as India, China where profits are also very good. Other overseas markets should also be looked at to enable BOQ to have a more global reach. I would recommend the setting up of a complete department or workforce that would search for feasible companies for BOQ to merge with that would help BOQ strengthen its Global reach. ADDRESSING THE MARKET VOID The Global Financial crisis has seen a major change in the market with many companies being forced to sell off or shut down entirely due to lack of credit (UBS, 2009). Some examples of these are the acquiring of BankWest by Commonwealth bank and St. George by WestPac, RAMS by WestPac just to name a few (UBS, 2009). The Global financial crisis also effectively shut down the RMBS market which Australias smaller non-bank lenders were highly relying on (UBS, 2009). To add to the situation, many foreign banks such as GE Money Motor Solutions and GMAC have informed the Australian treasury that they can give no guarantee of being able to provide funds for Australian borrowers (UBS, 2009). While this may seem all bad for the industry, this could well be good news for BOQ considering the global financial crisis didnt seem to affect them too much. There is a void present in the market now and BOQ should set themselves up to be in a position to fill that void. With the departur e of BankWest and St. George, BOQ are in a position to move themselves up to either the 5th or 6th largest bank in Australia and slowly move upwards from there. There should also look at buying out smaller non-bank money lenders to further diversify their product offerings and their reach to the different segments of the Australian market. It is important to note here that there has not been an RMBS default till date and mortgage arrears have just been 1.58% (IBT, 2009). CALL CENTRE IMPROVEMENT According to a survey conducted by Canstar Cannex (2009), most of the Bank of Queensland customers complained about the poor quality of customer service offered by the call centre. The Bank should look towards addressing this issue and ensure that they can meet customer satisfaction. DIVERSIFIED PRODUCT RANGE The bank could work on its product range being offered in the market and add more products to ensure that it has the ability to cater to a wide range of clients. Each persons needs are different, so the bank must ensure that it meets the needs of as many customers possible and therefore must ensure that it has a wide array of customer products ready. LIMIT LENDING TO RETAIL BORROWERS The Banks strategy has been to concentrate more on Home Loan borrowers and less on Retail Borrowers. The bank must pursue this strategy in order to ensure that bad debts are kept to the minimum. Retail Borrowings come at a higher risk of future bad debts, and the bank must do its best to keep this to the minimum. CONCLUSION To conclude, it is safe to assume that BOQ is following the proper strategy to success. This statement can be supported by the rapid expansion of the bank and its increase in profits despite a Global Financial crisis. Despite being a relatively small bank in the Australian Banking Scenario; Bank of Queensland has got their strategies right and are surely moving forward into the right direction. Their expansion at a breath taking space surely will go a long way into helping the bank strengthen its credentials. Though the bank is on the right part to success, they can certainly increase their growth rate a little further by implementing some of the above mentioned suggestions such as a diversified product range.
Friday, May 22, 2020
I. Intro A. According to the nursing schools of the web page published in 2016 called 10 Truly Shocking Stats on STDS and College Students, Ã¢â¬Å"One in four college students have an STD.Ã¢â¬ They also stated that Ã¢â¬Å"Only 54 percent of students regularly use condoms during vaginal intercourse, 29 percent during anal intercourse and only 4 percent during oral sex.Ã¢â¬ Why is it that students arenÃ¢â¬â¢t protecting themselves against these issues? B. I am a credible source about this information because I am a college student who knows other students sex lives, not just in college but in high school too. II. Body A. Why sex education should be taught in school 1. Sex education should be taught in school for students to learn how to protect themselves against STDs and unwanted pregnancies. a. Valerie Huber in 2015 states that nearly all states abortion percentage has decreased since 2010 because of sex education in her article Is Ã¢â¬Å"Safe-SexÃ¢â¬ Education the Reason Behind the Drop in Abortions? She continues to recognize as Hawaii being the top state to decrease abortions and leads directly to their Planned Parenthood program. b. STD and contraceptive education can teach 14-18-year-olds about the risk of having unprotected sex. Also, those who do participate in sexual activity can learn about the best option of contraception for themselves. i. I got birth control at the age of 15. It wasnÃ¢â¬â¢t until my senior year that I completely understood what my birth control did toShow MoreRelatedEssay about Why Sex Education Should Be Taught in Schools1494 Words Ã |Ã 6 PagesWhy Sex Education Should Be Taught In Schools Most America teenagers are sexually active and think nothing could ever happen to them. But, many of them are misinformed about the risks that are involved in sex. Teens also dont always know the best ways to protect themselves and their partners from becoming pregnant or getting STDs. Alan Harris said, the more educated someone is the more likely they are to make responsible and informed choice for their behaviors. Sex education given byRead MoreSex Education in Schools657 Words Ã |Ã 3 PagesSex Education in Schools Nineteen-fifty five marked the debut of sex education programs in schools in the United States. Along the years, many have argued whether or not sex education should be taught in schools. Many believe that the education of sex encourages students to engage in sexual activities which lead to a higher number of pregnancies and sexual transmitted diseases (STDÃ¢â¬â¢s).The U.S. is the leading country in teen pregnancies and STDÃ¢â¬â¢s As the number of unplanned pregnancies and sexuallyRead MoreSex Education in Public Schools1188 Words Ã |Ã 5 PagesSex education should be taught in public middle schools because: it decreases the chance of sexual diseases and teenage pregnancies, it is needed in case of a parentsÃ¢â¬â¢ absence or neglect, and it also provides more knowledge about how sex works while debunking the myths surrounding sexual intercourse, and it makes some want to set goals for relationships. People say sex education encourages youth to engage in sexual activities rat her than preventing sex. This is true; however, studies show that whenRead MoreAbstinence Only Programs For Public Schools1383 Words Ã |Ã 6 PagesAccording to advocatesforyouth.org, Ã¢â¬Å"abstinence only education teaches students to abstain from sex prior to marriage.Ã¢â¬ These program has been proven to be ineffective. Abstinence only education is ineffective because it is not conducive in reducing teen pregnancy rates and sexually transmitted diseases rates. Abstinence only programs are less likely to teach students about birth control and contraception and how to access it. These programs has not been shown to reduce teen sexual activity. AbstinenceRead MoreEssay The Argument of Sex Education in School1227 Words Ã |Ã 5 Pageslikely all parents who have a common concern on the material being taught on the issue of Sex Education in schools. Fellow parents vote on them to insure that they make the correct decisions on what their kids are learning in school. They are all from some form of the Christian religion. They are from ages 30 and older. They represent all races. They all have a college degree and the majority of them have doctorate degree in education. They are mainly from the upper economic levels in society. The chairmenRead MoreShould Sexual Education Be Mandatory?877 Words Ã |Ã 4 Pages Should sexual education should be taught in schools? The answer is simply yes. Sexual education should be taught in schools because it can help many teenagers prevent life threating things that come without knowledge of the subject. Without any knowledge on the subject of sex, many teenagers can put themselves in danger that can easily be prevented. Should this class be mandatory? Sexual education should be mandatory simply because of the benefits that come with it. Without knowledge on sex, teenagersRead MoreShould Sex Education Be Taught?862 Words Ã |Ã 4 Pageswrite about is Sex Education in the classroom. Almost all student in the USA receive some type of sex education between the grades 7th and 12th. Sometime even as early as 4th grade. Many states now have laws that do not allow the parents to opt out of the class, regardless of how they feel about their child being taught, these things (Contemporary Education Issues | K12 Academics, 2015). While some states leave it up to the individual district to set the rules for sex education in the districtRead MoreSexual Education Starts At Home Essay856 Words Ã |Ã 4 PagesSexual education is a constant development that starts from birth and continues across the developmental life span. During this process, it is crucial to lay a strong foundation for sexual health. There are many factual and non-factual opinions about the topic of sexual education. It is constantly it is being discussed and highly publicized in our society via Mass Media and some of the most influential people in our lives. Sexual education is more than sex; itÃ¢â¬â¢s about sexual development, reproductionRead MorePros And Cons Of Sex Education In Public Schools821 Words Ã |Ã 4 PagesShould Sex ed b e taught in public schools? I. Introduction Do you think all grades, K-12, should take sex education as a part of their school curriculum? A. Interest grabber about the topic Picture this, a 5 year old learning the birds and the bees instead of learning how to write their name. Why are we focusing on teaching kids about sex before they even have the basics of academics mastered? B. Preview of background, pros and cons Sex education is a basic term used to describe a wide rangeRead More Sex Education Essay1112 Words Ã |Ã 5 PagesSex Education Two drastic Emergency Room cases were handled in 1998 at Mary Washington Hospital. Concerned mothers brought their 12 year old daughters into the hospital thinking they were suffering from severe stomach pain or even appendicitisÃ¢â¬ ¦both girls were actually in labor (Abstinence, 2002). The United States has the highest teen pregnancy, birth, and abortion rates in the Western world (Planned Parenthood, 2003). Are teens getting enough knowledge on sex and how to prevent STDs and unwanted
Monday, May 18, 2020
In the book, The Great Gatsby, written by F. Scott Fitzgerald, Gatsby is exemplified through many symbols and idols. Fitzgerald uses cars to represent wealth, success, status, and glamour. As Friedrich Nietzsche states, Ã¢â¬Å"There are more idols in the world than there are realities.Ã¢â¬ NietzscheÃ¢â¬â¢s quote shows how idols and symbols are used to create impressions. Images are powerful and set a stage for others to judge oneÃ¢â¬â¢s character, enabling human beings to avoid seeing what realities are. Idols are potent enough to mask the truth. In the novel, despite Gatsby s own insecurities, he is viewed as an idol in society. Idols impact and influence GatsbyÃ¢â¬â¢s life and those living around him. GatsbyÃ¢â¬â¢s car represents an idol, illustrating his wealth, capturing attention, creating impressions, and covering misconceptions throughout life in the West Egg. Jay Gatsby soundly represents the American Dream - that of being richer and bigger which equates to adventure and achievement. The American Dream during the 1920 s is a transition period where hope is replaced with money. Clearly, society is able to see Gatsby and his materialistic goods as an image of someone and something to be greatly admired. He is the perfect example of the notion that in order to be happy and make our lives worthwhile, one had to achieve high, materialistic standards. Perception and judgment is based on achievement. Gatsby is identified as the man with the flashy car. Ã¢â¬Å"IÃ¢â¬â¢d seen it. Everybody had seen it. It was aShow MoreRelatedThe Great Gatsby by F. Scott Fitzgerald1393 Words Ã |Ã 6 PagesF. Scott Fitzgerald was the model of the American image in the nineteen twenties. He had wealth, fame, a beautiful wife, and an adorable daughter; all seemed perfect. Beneath the gilded faÃ §ade, however, was an author who struggled with domestic and physica l difficulties that plagued his personal life and career throughout its short span. This author helped to launch the theme that is so prevalent in his work; the human instinct to yearn for more, into the forefront of American literature, where itRead MoreThe Great Gatsby By F. Scott Fitzgerald1343 Words Ã |Ã 6 PagesHonors English 10 Shugart 18 Decemeber 2014 The Great Gatsby F. Scott Fitzgerald s 1925 novel The Great Gatsby is a tragic love story, a mystery, and a social commentary on American life. The Great Gatsby is about the lives of four wealthy characters observed by the narrator, Nick Carroway. Throughout the novel a mysterious man named Jay Gatsby throws immaculate parties every Saturday night in hope to impress his lost lover, Daisy Buchanan. Gatsby lives in a mansion on West Egg across from DaisyRead MoreThe Great Gatsby By F. Scott Fitzgerald1155 Words Ã |Ã 5 PagesThe Great Gatsby The Jazz Age was an era where everything and anything seemed possible. It started with the beginning of a new age with America coming out of World War I as the most powerful nation in the world (Novel reflections on, 2007). As a result, the nation soon faced a culture-shock of material prosperity during the 1920Ã¢â¬â¢s. Also known as the Ã¢â¬Å"roaring twentiesÃ¢â¬ , it was a time where life consisted of prodigality and extravagant parties. Writing based on his personal experiences, author F. ScottRead MoreThe Great Gatsby By F. Scott Fitzgerald1166 Words Ã |Ã 5 Pagesin the Haze F. Scott Fitzgerald lived in a time that was characterized by an unbelievable lack of substance. After the tragedy and horrors of WWI, people were focused on anything that they could that would distract from the emptiness that had swallowed them. Tangible greed tied with extreme materialism left many, by the end of this time period, disenchanted. The usage of the literary theories of both Biographical and Historical lenses provide a unique interpretation of the Great Gatsby centered aroundRead MoreThe Great Gatsby by F. Scott Fitzgerald845 Words Ã |Ã 3 PagesIn F. Scott FitzgeraldÃ¢â¬â¢s novel, The Great Gatsby, colors represent a variety of symbols that relate back to the American Dream. The dream of being pure, innocent and perfect is frequently associated with the reality of corruption, violence, and affairs. GatsbyÃ¢â¬â¢s desire for achieving the American Dream is sought for through corruption (Schneider). The American Dream in the 1920s was perceived as a desire of w ealth and social standings. Social class is represented through the East Egg, the WestRead MoreThe Great Gatsby By F. Scott Fitzgerald Essay970 Words Ã |Ã 4 Pagesrespecting and valuing Fitzgerald work in the twenty-first century? Fitzgerald had a hard time to profiting from his writing, but he was not successful after his first novel. There are three major point of this essay are: the background history of Fitzgerald life, the comparisons between Fitzgerald and the Gatsby from his number one book in America The Great Gatsby, and the Fitzgerald got influences of behind the writing and being a writer. From childhood to adulthood, Fitzgerald faced many good andRead MoreThe Great Gatsby By F. Scott Fitzgerald2099 Words Ã |Ã 9 Pagesauthor to mirror his life in his book. In his previous novels F. Scott Fitzgerald drew from his life experiences. He said that his next novel, The Great Gatsby, would be different. He said, Ã¢â¬Å"In my new novel IÃ¢â¬â¢m thrown directly on purely creative workÃ¢â¬ (F. Scott Fitzgerald). He did not realize or did not want it to appear that he was taking his own story and intertwining it within his new novel. In The Great Gatsby, by F. Scott Fitzgerald, he imitates his lifestyle through the Buchanan family to demonstrateRead MoreThe Great Gatsby By F. Scott Fitzgerald1607 Words Ã |Ã 7 Pages The Great Gatsby is an American novel written in 1925 by F. Scott Fitzgerald. One of the themes of the book is the American Dream. The American Dream is an idea in which Americans believe through hard work they can achieve success and prosperity in the free world. In F. Scott Fitzgerald s novel, The Great Gatsby, the American Dream leads to popularity, extreme jealousy and false happiness. Jay GatsbyÃ¢â¬â¢s recent fortune and wealthiness helped him earn a high social position and become one of the mostRead MoreThe Great Gatsby By F. Scott Fitzgerald1592 Words Ã |Ã 7 PagesMcGowan English 11A, Period 4 9 January 2014 The Great Gatsby Individuals who approach life with an optimistic mindset generally have their goals established as their main priority. Driven by ambition, they are determined to fulfill their desires; without reluctance. These strong-minded individuals refuse to be influenced by negative reinforcements, and rely on hope in order to achieve their dreams. As a man of persistence, the wealthy Jay Gatsby continuously strives to reclaim the love of hisRead MoreThe Great Gatsby By F. Scott Fitzgerald1646 Words Ã |Ã 7 PagesThe 1920s witnessed the death of the American Dream, a message immortalized in F. Scott FitzgeraldÃ¢â¬â¢s The Great Gatsby. Initially, the American Dream represented the outcome of American ideals, that everyone has the freedom and opportunity to achieve their dreams provided they perform honest hard work. During the 1920s, the United States experienced massive economic prosperity making the American Dream seem alive and strong. However, in FitzgeraldÃ¢â¬â¢s eyes, the new Am erican culture build around that
Thursday, May 7, 2020
nbsp;The Crucible, written by Arthur Miller, is a play that takes place in the sixteen nineties during the famous but tragic witch trials. The entire community is in pandemonium yet certain characters are also fighting internal conflicts. Miller uses three characters that manifest this internal battle ever so clearly: Mary Warren whose whole world turns upside down, John Proctor who must weigh the importance of his family against his reputation and Reverend Hale who must decide whether to do his job, or do what he knows to be right.nbsp; Mary Warren is a girl who is faced with this inner turmoil throughout this play. At the outset of the play she is perceived to be a very shy girl who will never speak her mind as shown whenÃ¢â¬ ¦show more contentÃ¢â¬ ¦Mary succumbs to AbigailÃ¢â¬â¢s hypnosis and accuses John Proctor of forcing her to lie. Clearly the battle which Mary faced from the very beginning was enormous. nbsp;nbsp;nbsp;nbsp; John Proctor a farmer and village commoner similarly is faced with an inner turmoil. He has committed adultery and had absolutely no intentions of joining in the witch trials unless his pregnant wife was to also get involved. After his wife got involved and eventually was set free due to the fact that she was pregnant, he feels that he cant accept this. Proctor is a good and noble man and because of this he believes, at first, that he cant be hanged and die a martyr when he has this sin blooming over him every waking moment.nbsp; John later says to Elizabeth that My honesty is broke, Elizabeth; I am no good man. Nothings spoiled by giving them this lie that was not rotten long before (136). He would rather confess than die for something he flat out didnt do. However, as John confesses, he can not allow Danforth to make it officially documented. As Danforth asks him why, John answers with a cry because it is my name. Because I cannot have another in my life . . . How may I live without my name? Have given you my soul; leave me my nameÃ¢â¬ (143).nbsp; John feels strongly about having a good name and not dying with a bad one. Proctor weighs both sides of hisShow MoreRelatedThe Eternal Internal Conflict Of The Crucible By Arthur Miller1362 Words Ã |Ã 6 PagesThe Eternal Internal Conflict Sigmund Freud laid an elaborate framework for modern psychology in the early twentieth century, and his principles have resonated throughout time. In fact, the respected American Psychoanalytic Association still discusses Sigmund Freud and his work, despite it being almost a century old (Landau 2). Psychotherapist Avinash De Sousa writes, Ã¢â¬Å"...one must admit that no other therapist ever constructed a conceptual and metatheoretical framework like Freud didÃ¢â¬ (3). ThusRead MoreInternal Moral Conflict In The Crucible By Arthur Miller701 Words Ã |Ã 3 PagesÃ¢â¬Å"The CrucibleÃ¢â¬ by Arthur Miller serves as a test tube(crucible) society packed with various conflicting points of selfishness, cowardice, betrayal and sin. With the addition of the hardships thrown at the characters, some begin to grow stronger while others degenerate. While watching their society turn on itself, the characters present in the novel undergo the test of internal moral conflict as well as the ext ernal warfare happening around them. With the horror of betrayal burning in their mindsRead MoreSimilarities Between Good Night And Good Luck In The Crucible1072 Words Ã |Ã 5 PagesArthur MillerÃ¢â¬â¢s The Crucible, has many unique and complicated characters, purposed to show the severe injustice of the Joseph McCarthy trials in the 1950Ã¢â¬â¢s. The injustices created by these trails creates many different conflicts, both internal and external between many different characters. A similar motif is expressed in George ClooneyÃ¢â¬â¢s Good Night and Good Luck. Arthur Miller uses many different characters to show the chaos the trails created, by relating it to the story of the Salem Witch TrialsRead MoreThe Crucible879 Words Ã |Ã 4 PagesThe Crucible In the story The Crucible, by Arthur Miller, it explains a play that involves historical events like witch trials in Salem, Massachusetts in 1692. This drama is an example of the unjust events that happened, due to the terrible lies that some young girls made up, who were supposedly witchcraft. This was a hard situation for the entire town because of the accusation of witchcraft toward innocent people. In The Crucible, Miller shows us several examples of themes, some interestingRead MoreAnalysis Of Arthur Miller s The Crucible 1732 Words Ã |Ã 7 PagesI. Topic Sentence The conflict that presents itself to the characters Reverend Parris, Reverend Hale, and John Proctor forces them to reflect upon themselves and ultimately change the nature of how the deal with conflict in the world. II. Biographical Arthur Miller was a controversial playwright during the 1950Ã¢â¬â¢s and 60Ã¢â¬â¢s, note because of the material that he choose to write about, but because of the events that took place surrounding one of his best works: The Crucible. One of his friendsRead MoreThe Effectiveness of the Closing Scene of Arthur Millers The Crucible973 Words Ã |Ã 4 PagesThe Effectiveness of the Closing Scene of Arthur Millers The Crucible Arthur Miller was born in 1915 and was only fourteen years of age at the time of the Wall Street crash, this clearly affected his life. His plays often concentrated upon contemporary society and problems it may face. This is why at first sight The Crucible seems to break this mould, instead of a play showing contemporary society; it concerns a study in the mass hysteria which led to the 1692 Salem witchcraft Read MoreEssay about John Proctor: A Character Analysis954 Words Ã |Ã 4 PagesIn Arthur MillerÃ¢â¬â¢s The Crucible, various characters, whether it is from physical trials or unseen personal struggles, experience some kind of major conflict. There are those who spend every day in fear, wondering whether or not they will be falsely accused of witchcraft. There are others who struggle with more internal trials, such as forgiving those who have hurt them. The protagonist, John Proctor, was a man of strong moral constitution, and held himself to a high standard for the sake of his goodRead MoreArthur Miller s Death Of A Salesman And The Crucible2615 Words Ã |Ã 11 Pagesthe beginning of the human race, struggles and conflicts have been a constant. As individual people and as a world, there have never been perfect times. Arthur MillerÃ¢â¬â¢s writing style focuses on how his characters deal with external and inter nal problems and how their reactions to these problems reflect their characterization. Arthur Miller uses external conflict, internal conflict, and indirect characterization, in Death of a Salesman and The Crucible, to show how ideas of society do not always agreeRead MoreThe Crucible by Arthur Miller1085 Words Ã |Ã 5 PagesÃ¢â¬Å"The conflict created when the will of an individual opposes the will of the majority is a recurring feature of drama.Ã¢â¬ Identify such a conflict in a non-Shakespearean play you have studied and show how the dramatist deals with the implications for both the character and the society. Arthur Miller in Ã¢â¬ËThe Crucible,Ã¢â¬â¢ deals with the internal/external conflicts of protagonist John Proctor, during the witch trials of Salem; showing the effects of Ã¢â¬Å"an individual opposed to the will of the majorityRead MoreThe Crucible Essay975 Words Ã |Ã 4 Pagesenemies, or the entirely innocent, for their internal issues as a means of coping for their insecurities or explaining the irrational or biased situations they find themselves in. Similarly, others cope just as easily by lying to themselves, which can establish a false reality in the mind of the self-deceiver and, ultimately, leads to fallacies in logic. Coherently, Arthur Miller utilizes his diverse cast of characters in his play write Ã¢â¬Å"The CrucibleÃ¢â¬ to demonstrate the ease at which lying to oneÃ¢â¬â¢s
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Ã¢â¬Å"Ã¢â¬ ¦It is the soldier who must suffer and bear the deepest wounds and scars of war.Ã¢â¬ These words, said by the American General Douglas MacArthur, ring with a sad truth. Many people suffer in war, but possibly none more so than those who fight in it. Soldiers are faced with waking nightmares on the battlefield: constant threat of death, pain, and loss hang heavy over their heads, and they are often the first to bear witness to the horror and inhumanity of war. It is unfortunate, but unsurprising, that soldiers quite often come away from active duty mentally scarred due to their experiences on the front. Post-traumatic stress disorder (PTSD), a severe anxiety disorder that develops in response to exposure to trauma, poses a serious concernÃ¢â¬ ¦show more contentÃ¢â¬ ¦Ã¢â¬Å"The Hollow MenÃ¢â¬ also has a heavy usage of refrain, used to emphasize ideas or themes, and descriptive language, to create imagery. Overall, it has a somber sort of tone, created by EliotÃ¢â ¬â¢s use of words with a typically sad or negative connotation. The first section in the poem begins with the lines Ã¢â¬Å"We are the hollow men/We are the stuffed menÃ¢â¬ (Section 1, Lines 1-2), where the title of the poem is first dropped. The lines seem to contradict each other at first, but Ã¢â¬Å"hollowÃ¢â¬ can be taken to mean emotionally empty. Ã¢â¬Å"StuffedÃ¢â¬ can be interpreted as being stuffed with straw, which is confirmed by the line Headpiece filled with straw. These lines add to the image that Eliot creates in the first stanza of a scarecrow (or something similar). This, in addition the poemÃ¢â¬â¢s epigram, A penny for the Old Guy, is an allusion to Guy Fawkes, an infamous historical figure associated with the failed Gunpowder Plot of 1605- traditionally, a straw effigy of Fawkes is burned on a bonfire each year on the fifth of November. The stanza is the first example of EliotÃ¢â¬â¢s usage of descriptive language in his poetry, as well as an extended m etaphor, comparing the speakerÃ¢â¬â¢s group to these straw effigies. It also contains a small amount of personification in the lines Ã¢â¬Å"We whisper together/.../As wind in dry grass.Ã¢â¬ The second stanza consists of four paradoxes: Ã¢â¬Å"Shape without
Can he refuse to assist in this procedure? The dental assistant cannot refuse to assist in this procedure. Besides it being unethical to refuse helping this patient solely because he has AIDS it is also illegal (Anderson, 2009). Dental assistants are bound by a code of professional conduct, adopted in August 2007 by the Dental Assistants National Board. We will write a custom essay sample on Ethics Aids Patients or any similar topic only for you Order Now Justice and fairness is one of the codes of conduct. This states the dental assistant has a duty to treat people fairly, behaving in a manner free from bias or discrimination on any basis. All DANB individuals must abide by the code of professional conduct and must maintain high standards of ethics and excellence. Violating this code may result in disciplinary actions and imposition of sanctions as listed below. (DANB CC, 2007) a. deny or revoke the RespondentÃ¢â¬â¢s eligibility, certification, or recertification b. suspend RespondentÃ¢â¬â¢s certification for a period of time; c. require the Respondent to engage in remedial education and/or training, or to perform community service; d. require the Respondent, if Certified, to participate in a mandatory audit of continuing education for a period of time; e. ecommend that DANB take legal action against the Respondent; f. assess a disciplinary fine; or g. take a combination of any of the above actions or such other action that may be deemed appropriate in the particular circumstances. (DANB DP, 2007) The dental assistant has a moral obligation to the patient and his colleagues to treat this patient as he would any other patient. The golden rule is always a good motto. Do unto to others as you would have them do unto you. His professionalism will be questioned as well. If he refuses to assist in the procedure, he puts the dentist and the dental practice in a position where they also could be sued for discrimination under the ADA Act of 1990 and the Rehabilitation Act of 1973. 2. What role would risk-management play in this case? Ã¢â¬Å"Risk management would play the role of identifying, analyzing and evaluating the risks and selecting the best method to deal with themÃ¢â¬ (Towsley-Cook, 2007). In this case, identifying there may be a risk of transmitting AIDS along with the chance the patient may not receive high quality patient care.Taking this into account the risk manager must make sure that staff is educated and trained in universal precautions (standard precautions). Staff that is educated is less likely to have misconceptions about HIV, the transmission of it and have a more positive response to those with HIV. Standard precautions are a set of infection control practices used to prevent transmission of diseases that can be acquired by cont act with blood, body fluids, non-intact skin (including rashes), and mucous membranes. These measures are to be used when providing care to all individuals, whether or not they appear infectious or symptomatic (Borlaug, 2010). Universal (standard) precautions involve hand washing and the use of protective barriers such as gloves, gowns, aprons, masks, or protective eyewear which can reduce the risk of exposure of the health care workerÃ¢â¬â¢s skin or mucous membranes to potentially infective materials (Department of Health, 1999). Practicing standard precautions addresses the risk of transmitting AIDS and making sure the patient receives high quality of care along with avoiding losses that may incur from either of these issues.Using these precautions assures all patients, regardless of whether they have an infectious disease or not, receive the same high quality of care. Patients that receive quality health care are more likely to be satisfied and remain patients at the facility and not sue the facility. 3. How does theÃ¢â¬ antidiscrimination statuteÃ¢â¬ apply to this case? The antidiscrimination statute in this case refers to AIDS discrimination (refusing to treat a person with AIDS) being illegal throughout the United States under the Americans with Disabilities Act of 1990 and the Federal Rehabilitation Act of 1973(Towsley-Cook, 2007). Antidiscrimination statutes are in place to make sure that no person on the grounds of race, color, national origin, disability (AIDS is considered a disability); socioeconomic status, religion or creed will be denied the benefits of medical treatment or be subjected to discrimination(Towsley-Cook, 2007). This doesnÃ¢â¬â¢t just apply to medical treatment but for this case it does. 4. Describe which ethicalÃ¢â¬ school of thoughtÃ¢â¬ you would subscribe to as it relates to this case and why. I would subscribe to the virtue ethics school of thought in this case.Choosing to assist in the procedure is the morally right thing to do. We know that using standard precautions virtually eliminates any chance of getting AIDS in this case. By eliminating the fear of getting AIDS, the concentration can now be on helping the patient. Also, the consequences for not helping could be detrimental to the patient, the dental assistant, the dentist and the facility. So it is Ã¢â¬Å"incorporating both teleology and deontology to solve this ethical dilemmaÃ¢â¬ (Towsley-Cook, 2007).We choose to do the right thing and also take into consideration the long term consequences of the action.Anderson, B. A. (2009). Op-ed hiv stigma and discrimination persist even in health care. Virtual Mentor american medical association journal of ethics, 11(12), Retrieved from http://virtualmentor. ama-assn. org/2009/12/oped1-0912. html DANB. (2007). Retrieved from http://www. danb. org/PDFs/CodeofConduct. pdf DANB. (2007). Retrieved from http://www. danb. org/PDFs/DisciplinePolicies. df Department of Health and Human Services, Centers for Disease Control and Prevention. (1999). Universal precautions for prevention of transmission of hiv Atlanta,GA: USA. Gov. Retrieved from http://www. cdc. gov/ncidod/dhqp/bp_universal_precautions. html# Borlaug, G. (2010, July 12). Standard precautions. Retrieved from http://www. dhs. wisconsin. gov/communicable/InfectionControl. htm Towsley-Cook, D. M. , ; Young, T. A. (2007). Ethical and Legal Issues for Imaging Ethical and Legal Issues for Imaging, (2nd ed. ), St. Louis: Mosby, Inc. , How to cite Ethics Aids Patients, Papers
Financial Disparity and Friendship Most people hold a similar view that a true friendship will last long disregarding the distance and status in the society. It is an undeniable truth throughout thousands of years. However, many cases in real life are not the same. Financial disparity does affect friendship to some degree, especially for adults. People who have the same financial status or a similar on may have common experiences and interests. For example, people who both are from the middle class concern more about news and government issues regarding their groups. They are likely to face the same problems towards purchasing a bigger house, the slump of the stock market, so on and so forth. The friendship between Chen yinke and Wu mi happens to illustrate this. Both of them who first met in Harvard University are masters of traditional Chinese studies. They became teachers and bosom friends to each other. We will write a custom essay sample on Financial Disparity and Friendship or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page They have much in common in careers and experiences, and they have mutual topics to discuss. On the contrary, if there is a large gap between the two personsÃ¢â¬â¢ status, they may have different life experiences and hobbies, which may be an obstacle for them to express ideas to each other. And communication is usually the very beginning to form a friendship. Different values and pursuits may be kept in personsÃ¢â¬â¢ mind if they are from totally different financial situation. For instance, a university graduated student who has not got a job yet and a successful. Entrepreneur may maintain different values towards the society and money. The student considers searching a job as the priority, while the bussiness person aims at how to anage his company to make more profits. on is not financially independent yet, the other one is totally self-independent, they cannot hold the same pursuit or goal to fight for. If they are friends, maybe their friendship is quite a separate one. Some people may keep a different and also crazy idea. They consider having a rich friend is awesome. Because they feel proud and they can borrow money from their whealthy friends whenever they want to. At that time, a true friendship really loses its meaning. A confidant is not a regular debtee and he should not be one. Nowadays in this material-dominated world, a friendship will be influnced by fanancial power to large extends, but people shold keep believing a true friendship does exist, proper handling of money and friendship, proper income evaluation and proper circle positioning could enable people a lasting and undisguised friendship.