The Uk Intellectual Property Law Is Not Sufficient For The...

The UK Intellectual Property Law is not sufficient for the Fashion Industry Name: Course: Course Code: Institution: Date: To those who are not familiar with the processes within the fashion industry, this world of style is characterized by a peaceful coexistence between all the stakeholders. To those in the know however, this is far from the truth with the fashion industry. The value of the United Kingdom fashion industry is large contributing to about 20 billion pounds into the country’s economy on an annual basis. To have a better understanding, the contribution made by the fashion industry to the country’s Gross Domestic Product is almost twice that being brought in by car manufacturers which is valued at 10.1 billion so fashion is no doubt a major business and clothing designs one of the core assets. In considering this, it is therefore a surprise that businesses that are operating within this industry within this industry are not given the opportunity to do more to protect the designs that they have. This paper puts forward the assertion that based on the case law of J Choo(Jersey) Li mited v Towerstone Limited and Others, the system of intellectual property protection available in United Kingdom law is not fit for use in the fashion industry in its present condition. The Nature of the Fashion Industry In spite of the considerable role that fashion designers and the entire fashion industry plays, designers are often unable to completely and comprehensivelyShow MoreRelatedLvmh Report7586 Words   |  31 Pageswines cognac and leather fashion goods, other three are perfumes cosmetics, watches jewelry and selective retailing. In the external environment of part two, the report analyzed the relevant dimensions of the macro environment by use of the PESTEL framework and the luxury industry by the Five forces framework. The global economy, people s expectations on luxury goods, drive for technological application, rarity of raw materials, and intellectual property laws all have an impact on LVMH inRead MoreCopyright Protection on Internet9657 Words   |  39 PagesINTRODUCTION {text:bookmark-end} {text:bookmark-start} 1.1 About Intellectual Property [1] {text:bookmark-end} It is not material wants that seek ownership, but the ideas, skills and moral aspirations need equal protection. It refers to creations of the mind: inventions, literary and artistic works, symbols, names, images, and designs used in commerce. 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International tax law its sources 3. Brief history of International Tax Law 4. Who gets the pie? 5. Arm s length principle : Cornerstone of International Tax Law 6. Transfer pricing methods 7. Problems with of source taxation of MNE s 8. Internet e-commerce : Achilles heel of current International taxation regime? 9. Formulary Apportionment (FA) 10. Existing uses of Formulary Apportionment systems in the worldRead MoreApple’s Marketing Strategy3876 Words   |  16 Pagescombined. [9][10] As of September 24, 2011, the company had 60,400 permanent full-time employees and 2,900 temporary full-time employees worldwide; [11] its worldwide annual revenue in 2010 totaled $65 billion, growing to $108 billion in 2011. [12] Industry Structure and Global Markets Apple, as the weathervane of the innovation of consumer electronics products, has become the object that global consumer electronics companies is competing to imitate and learn. Apple’s Major Competitors Read MoreThe Impact Of E Commerce On Business7352 Words   |  30 Pagesstrategy for an e-Commerce business†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..†¦Ã¢â‚¬ ¦.12 3. Be able to manage an e-Commerce strategy 3.1 Critically assess the risks of linking business systems to the internet†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦17 3.2 Explain the importance of protecting the intellectual property of an organization†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦...†¦.22 3.3 Critically discuss security measures to protect an e-Commerce solution..........25 3.4 Critically evaluate current e-Commerce developments and assess their incorporation into an e-CommerceRead MoreCompetition Law- Effective Tool for Good Corporate Governance in India13353 Words   |  54 PagesCOMPETITION LAW EFFECTIVE TOOL FOR GOOD CORPORATE GOVERNANCE IN INDIA Submitted to Prof. I. Sridhar Legal Aspects of Business IIM Indore By Vinod Kumar 2012FPM20 Section F IIM INDORE TABLE OF CONTENTS CONTENTS PAGE NO. A. Introduction 1. Introduction...............................................................................................3 B. Analysis 2. Analysis of property rights in the case of tangibles................................4 3. Common features of Intellectual property rightsRead MoreThe Economic Properties Of Intangible Assets9432 Words   |  38 PagesTABLE OF CONTENTS Introduction 2 1. Challenges to the definition of the digital economy 4 1.1. The traditional accounting approach and its limits 4 1.2. The economic properties of intangible assets and their consequences 6 1.2.1 The main economic features of intangibles 6 1.2.2 Intangible assets and resource allocation 7 2. The OECD’s approach to taxing digital activities 9 2.1. The redefinition of the permanent establishment concept 9 2.2. The transfer pricing aspects of intangible assets 12

Five Factor Personality Test Scores - 775 Words

Five Factor Personality Test Scores I was excited to take The Five Factor Personality Test, since I have taken it before and would like to see if there were any significant changes within my personality traits. After finding my results, it concluded no significant change. My extraversion score was a 42, which is relatively high. My agreeableness score was a high of 33. My conscientiousness score was 35, which is an average score. My neuroticism score was a 30 and my openness score was a 29, both relatively high. I truly believe this assessment is a good predictor of my personality (Buchanan, n.d.). Accuracy of The Five Factor Personality Test I have to agree my assessment results are congruent with my personality. As an extravert, I am extremely talkative and social. I enjoy interacting with individuals on a daily basis and being able to communicate through speech. It was no surprise when I saw my extraversion score at a high level. I tend to be a very agreeable person. I am always helping others and putting their needs before my own. Sympathy and caring are personality traits learned over the last few years in my life. I am an extremely conscientious person, who is always controlling my surrounding environments. I rely heavily on myself and am determined to achieve my life goals. I figured my neuroticism score would be high, since I am filled with anxiety, depression, and fear. My ability to adjust to change is not the greatest, which affects my emotional stability. TheShow MoreRelatedPersonality Assessments : Personality Assessment1205 Words   |  5 Pages Personality Assessment Review Miranda Basham Clarion University of Pennsylvania â€Æ' Personality Assessments A personality assessment is the measurement of personal characteristics (personality assessment | psychology). Personality tests provide measures of characteristics like, feelings and emotional states, preoccupations, temperament, interests, motivations, attitudes, and approaches to interpersonal relations. A personality is a complex pattern of characteristics that are relativelyRead MoreStrengths And Weaknesses Of A Team1198 Words   |  5 PagesTeam Personality Traits Personalities can vary in groups of people from different areas of the country. University of Phoenix Learning Team B reflects similar personalities in which may not be a common aspect in most team environments. The Learn team B truthfully assessed the Big Five Personality test to understand strengths and weaknesses within the team. However, each member has displayed a high regard for team goals and participation. According to each team member the results of the test wouldRead MoreThe Big Five Personality Traits Essay1617 Words   |  7 PagesIntroduction: The â€Å"Big Five personality traits† is also called as the FFM or five factor model which is a model formed on general language descriptors of personality. These descriptors are formed jointly utilizing a statistical method known as factor analysis which is stated as this model is not formed on the tests/experiments†. This broadly observed hypothesis recommended 5 wide dimensions, utilized by few psychologists to explain the psyche the personality of the human. These 5 elements are explainedRead MoreFive Factors Model And The Jungian Model Essay1227 Words   |  5 Pagesdiscuss two personality tests, the Five Factor Model and the Jungian Model. It will also discuss the results I got from the Five Factor Model and the Jungian Model personality tests. I will then do an analysis of my results and a write a summary of two articles. Questionnaire 1: Five Factor Model The Five Factor Model is a questionnaire based upon five broad personality traits. The Five Factor Model is set up in two sections of sixty phrases describing people’s behavior. A person taking the test uses theRead MoreIA OB1459 Words   |  6 Pagesassignment Topic 1:. Identify and evaluate your personalities by using the Big Five Model (use a free online website). Write a paper providing your thoughts on the results and explain how the results can help you in personal and professional development. I/ Introduction 1. Why do I choose this topic? The reason why I choose this topic is I am curious about how Big Five evaluates people’s personalities, (particularly, my personalities) as well as how it relates to job. 2. The objectivesRead MoreBig Five Theory Of Personality Traits955 Words   |  4 Pagesthe Big Five Theory of Personality Traits. It is a five-factor model composed of the broad personality traits of openness to experience, conscientiousness, extraversion, agreeableness and neuroticism. There are a variety of ways to assess one’s broad dimensions of personality in these five categories. One of which is Psych Central’s personality assessment that consists of fifty questions in which there is a statement of which rate your level of agreement in terms of your own personality, preferencesRead MoreEssay on Personality in the Workplace1380 Words   |  6 PagesAn individual’s personality is the basis of who they are and generates how they react to and behave in different situations. Personality testing is used in workplaces to identify whom to hire, promote and even put into teams. Personality testing is efficient in being able to determine which employees will per form best in certain roles, and this can remove some stress from employers. Personal testing has been shown to help improve the quality of employees who are in the workplace. The method of assessingRead MorePersonality Tests : Personality Test1011 Words   |  5 Pagesdeeper into my own personality test named the big five personality test, I like to understand more about the concept of these evaluations. Personality tests are used in various ways and for several reasons. The spectrum of participate range from fun and humor to evaluations for professional and behavior perspectives. Many of these personality tests out there have an entertainment purpose only and have little scientifically value. So to understand the purpose of a personality test is a tool that isRead MoreFive Factor Model Of Personality Test Essay784 Words   |  4 PagesFive Factor Model of Personality Test Everyone we meet in life will have a different personality. Understanding personality traits can be useful for counselors. Counselors can use personality assessments to learn what influences a person’s development. I took Buchanan’s personality test to discover my personality style. Buchanan’s quiz uses the Five Factor Model of Personality Test (FFPT). Buchanan’s questionnaire covered topics of extraversion, agreeableness, conscientiousness, neuroticism, andRead MoreCase Study Intitled A Diamond Personality856 Words   |  4 PagesCase Study ï ¿ ½ PAGE * MERGEFORMAT ï ¿ ½1ï ¿ ½ A Diamond Personality Dale A. Miller CJA/473 September 4, 2010 Gary Vernon Introduction A case study is a form of qualitative explanatory research that is used to look at individuals, a small group of participants, or a group as a whole. Research on case studies allows people to understand complex issues that can extend experience and add strength to previous research. Case studies articulate detailed analysis of a minimal number of events and their affairs

School Uniforms in the U. S. Free Essays

There are many schools in the U. S. that require their students to wear uniforms, and there’re also some that don’t. We will write a custom essay sample on School Uniforms in the U. S. or any similar topic only for you Order Now I believe that school uniforms should not be required for a few reasons. Uniforms take away from a person’s individual identity, and they can be costly to people depending on their financial status. School uniforms can also be a very uncomfortable fashion that students would not take a liking to. The first reason uniforms should not be required is that most schools across the country believe uniforms take away from an individuals identity, so they don’t require their students wear them. In today’s world your identity and having a good sense of self is important to the diversity that Americans have show in the past. In schools that require uniforms the student body all look the like same person, very bland and boring people. This is not what American society is, we are casual dressing diverse people, and dressing casual and the way you like is the best way to recognize students as individual people and not as part of â€Å"those people. † Another reason for opposing uniforms is everyone especially kids like to be comfortable when having to sit still for an elongated period of time. When kids are uncomfortable in school they tend fidget and not pay attention instead they are worrying about fixing their clothes, which should not be their top priority. When guys wear the uniforms they will always have to be worried about whether their tie is straight or if their shirt is properly tucked in. Girls wearing uniforms might have to worry about their skirts if they are proper length and if they are twisted or not, and being a girl I know how easily female clothes can become askew from their proper place. All these minor irritations kids would have to go through limit their comfort and cause their minds to lack focus on schoolwork and concentrate more on fixing their clothes. Also some days kids may wake up and not feel to well and just might want to wear the comfortable t-shirt and sweat pants. Wearing uniform when feeling under the weather might just agitate their wellness a little more. The last and most important reason for not requiring uniforms are they money. These uniforms might costly roughly between forty and fifty dollars per set, and on top of that parents would have to buy four or five to last the school eek, with a final purchase cost of two hundred and fifty dollars. Some parents can not afford these high prices depending on their financial situation, and forcing parents to buys these is just another way to put a damper on their already harsh feelings on their income. Also you cannot penalize a child for what their parents can and can’t afford. After a while kids do grow and would grow out of their new expensive attire and even more money will have to be spent to buy more sets of uniforms. We all live in a country were we are free to make choices, like what we want to wear everyday. Taking away our right to choose is like a natural right, a right that you are born with, and as we all know Americans thrive on their rights set up by the constitution more than two hundred years ago. Bottom line school uniforms should not be required for students to wear, they take away from our individual identity, they can become quite uncomfortable to wear, and most important they can be very costly and a not needed financial burden. http://www. bookrags. com/essay-2004/12/20/11426/585/ How to cite School Uniforms in the U. S., Essay examples

Spoof Email Phishing Scams and Fake †Free Samples to Students

Question: Discuss about the Spoof Email Phishing Scams and Fake. Answer: Introduction Phishing also termed as Spoofing is a type of computer crime in which a victim or victims are communicated either through electronic mail, text message, or mobile phone for coaxing the individuals to procure the sensitive information like personal information, banking details, credit card details, and security pin. This information is then utilized to acquire the significant accounts and can leads to monetary theft. The first phishing case was registered against a teenager belonging to California. He imitated the website called America Online and performed the illegitimate access of the users sensitive details like credit card details for withdrawing the money from their own bank accounts. In addition to website and electronic mail phishing, there exists vishing or voice phishing, smishing or SMS phishing, etc. The Anti-Phishing Working Group (APWG) defines phishing as Internet hackers are utilizing the electronic-mail enrapturing to fish for the security pin and monetary information from the sea of Internet users. The phishing attacks can be performed by the following methods illustrated below: The money making offers and attention-grasping emails are created to draw the peoples observation instantly. For example, many scammers assert that you win a lottery, or some other expensive price, iPhone, etc. These types of doubtful emails should not be clicked. One of the preferred strategies used among the hackers is to make you to act as soon as possible. Some of the emails notify that you have only short amount of time to respond (Bright, 2004). When the user receives these types of emails, they should ignore it. Sometimes, the hackers will notify the users that their account will be deleted until the users update their personal information instantly. Most of the legitimate enterprises offer more time before the termination of the user accounts and they do not ask the customers to update the sensitive information over the Internet. The customers must go to the source website directly rather than using the email link to avoid the confusion. The hyperlink looks like the actual URL of the website but the user will be forwarded to some other website or any other famous websites with some mispellings after clicking it. For example, www.bankofarerica.com the m in the actual approved website is misgiven as r. If the user views the unexpected email attachments, it should not be opened. They contain malware information like virus or ransomware. The safer file that can be clicked anytime is a text (.txt) file. If the message received by the user arrives from the trusted or un-trusted persons, and if it contains any usual, unrelated, or suspicious information, this particular message should be deleted. Trojan Horse is a malevolent software or malware that is pretended as the approved legitimate software. The malwares can be uploaded by viruses, or without the awareness of the user, having a line of thought that the software is a utility of an internet browser plug-in. It can also be inaugurated through Internet Relay Chat sites. Most of the phishing attacks utilize the Trojan Horse to induct key loggers for obtaining the users details and the bank account numbers. These type of images contain username, credit card numbers, or passwords that are sent to the phishing attackers. The security holes are present in the web browsers that can easily accomplish the phishing attacks. The hacker incorporates a URL into the e-mail by using the given format: When the user places the mouse cursor over the link, the link appears to be www.legitimatesite.com; But the link navigates to the malicioussite.com, where the counterfeit webpage is provided. This insecurity hole is resolved by the Microsoft, but another security hole can be intruded by the attackers at any time. Malevolent Javascript: According to the Anti-Phishing Working Group, one of the main phishing technique used is employment of the Java scripting for creating hoax browser address or other portion of the browser consolidation called as Chrome. The Javascript changes the address bar, menus, status bar, etc (Festa, 2005). When the user keys in the URL in the address bar, the malevolent software code can forward the users to the fraud web site. The cross-site scripting injects the malevolent codes into the web application. If the login page of the bank web application is not well crafted and is not provided better validation, the malevolent software code can be injected and executed on that web site. An attacker could make the user to use the link for the vulnerable website and draft the web address that his malevolent software code executes on the bank web application. The user will think that he is browsing securely on the bank web application, when the malicious code is executed. Phishing attacks are getting increased and are evolved through various methods ranging from spear phishing to CEO fraudulent. It places the risk to all the users who are having email accounts. The phishing attacks are successful and popular for the following reasons provided below: The lack of extensive training in phishing and other virus attacks is the key reason for the success of these attacks. The research states that 6% of the users never procured the safety recognition training (Gonsalves, 2013). If the employees are given the security awareness training, they can easily detect the phishing attacks and perform the action accordingly. The users should be trained on the scams and malicious emails that they encounter on social media websites. Insufficient Diligent Performance of the Enterprises The firms are not performing enough to suppress the risks related to phishing and malevolent software. The lack of backup processes and the inability to detect the untrained users who need extensive training is another reason for the success of phishing attacks. The lack of strong intrinsic control methods makes the organizations to be affected largely by the CEO process. Most of the cyber criminal firms contain larger funds, which in turn makes them to gain additional expertise in phishing and allows them to perform more difficult phishing attacks. The utilization of the Dark Web has reduced the value of the stolen data and the cost of remittance record is reduced from 25 dollars in 2011 to 6 dollars in 2017, and so the cyber offenders changes their line of focus on innovative ways for earning more money as before (Gray, 2013). Subsequently the offenders discovered a fund source through data owners, where they focus by means of phishing and ransom worm attacks. By scared of data loss, data owners will think more before expending the money to the cyber criminals.ls The phishing tools and ransomware-as-a-service availability provides easy opportunity to the hackers for making an entry into the market and make a competition with experienced criminal firms. Starting the first action of stealing the users information into clicking illegitimate links to the recent CEO fraudulent activities, the skill sets or expertises of the criminals are enhanced. There is a prediction of more type of threats like ransom worms by this year. Importance of handling phishing attacks on organizations Over the past years, there is lavish growth and success of spear phishing threats that provide severe consequences for business organizations. The spear phishing is related with many cyber crimes including the top organizations like JPMorgan Chase Co., Sony, Ebay, Target, etc (Barret, 2007). A survey is conducted by the research organization Vanson Bourne to enquire 300 technology decision makers regarding the organization perspective. Based on the survey, almost 80% of the interviewed decision makers told that spear phishing threats is the enterprise main security concern. According to the IT professionals, spear phishing is a top vulnerability faced by many top organizations today. The survey is primarily performed to collect the organization information based on the overall cyber attacks percentage represented by spear phishing. The 84 percentage of the users responded that their security defending mechanisms are penetrated by the spear phishing over the past 12 months (Jack, 2010). Moreover, 38% cyber attacks are encountered in organizations (Moulds, 2006). These are costlier attacks as the average cost over all organizations attacked by spear phishing threats was 1.6 million dollars. Email is highly prone to the spear phishing attacks. Moreover, 1 in 6 firms is affected by the reduction in their stock price. The phishing was defined as the utilization of scam emails that are designed as original mail from the trusted source like banks, E-commerce sites, or auction websites (Jack, 2010). Recently, the phishing is performed by various new social methods for hacking the sensitive information of the users. For example, there will be an invitation for filling out the survey containing questionnaire on personal information and account information of the users for any other banking websites with cash reward. Then the users will be asked to verify the credit card details stored by the users in the secure website for the purpose of registration. Currently the phishing definition has transformed to carry out several financial cyber crimes. Once the malicious code enters into the physical computer, it uses several techniques to lure on web site communication details and account details. The phishers contain various tools performing many illegal activities given below: Hosting phishing websites Botnets Technical Deception Hijacking of the communication session Exploitation of Domain Name Service (DNS) system Functional Malware There has been distressing increase in the usage of social media as a platform for performing the phishing attacks. In the year 2016, there is 150 percentage increases in the phishing attack on social media (Dworak, 2003). It is also known as angler phishing and involves the hackers having fraud social media accounts, posting popular brands, banks, etc for procuring the unauthorized access to the accounts of the users, users financial details, or other sensitive information. A phishing tactic used in social websites like Facebook and Twitter are the latest examples containing a fraudulent Barclay customer service that lure the users conversations by means of online support. Phishing attacks are the real threats that all organizations should deal with. The cyber criminal firms are utilizing phishing as a threat that incurs with improved frequency and high sophistication level. These attacks are real threats in both the business and in personal lives of the users. The organizations should invest for preventive measures and must contain a quick response plan against the phishing threats. They should provide training to the staff regarding the phishing dangers and actions after encountering these types of attacks. Process for preventing phishing in organizations: Employing a systematic vision and convey it The leadership of an enterprise should employ a systematic vision of protecting and securing the sensitive information properties across users, methods, and various technologies (Hurst, 2014). This vision should be transferred all over the enterprise and are constantly employed. Creating an information administration plan - The enterprises must create an information administration strategy inclusive of the differentiation and administration of the sensitive information. Counterfeit Phishing Attacks - The firms should assume the phishing threats for measuring the efficiency of the training and record the responses. This analysis helps the enterprises to spot the individuals who require intensive training and for identifying the security rules and policies. Create a feedback process By creating the milestone feedback process, which defines the main responsibilities, intrinsic, and extrinsic arrangements throughout the milestone, an enterprise can make the employees to defend various cyber crimes. Moreover, the firm should verify its ideas regularly for ensuring that the employees are able to respond for the cyber attacks and the created process are more efficient. Combating Phishing Attacks using Technology Update Antivirus and Antispyware software regularly Effective administration of applications like add-ons of web browser such as Adobe Flash and Java are the main components for the efficient defence against the cyber crime attacks. An enterprise must make sure that the installed antivirus software, patches of operating systems, and patches of applications are updated for increasing the overall safety and security against the cyber crimes. Incorporate dual factor authentication The enterprises should incorporate dual factor authentication for access of the information from remote location. The dual factor authentication is based on both the password and cell phone that a message is transferred to for obtaining the remote access. For example, if an employee discloses the password without his knowledge, the phishing will not be performed by the attacker since he does not know the second factor (Gelles, 2014). Restrict the system administration admittance of their workstation Most of the employees do not require the system administration access for their desktop computer or laptops. Therefore, by restricting the administration entrance to those employees, they will be able to complete their jobs and the execution of the phishing attack through malware codes can be avoided. Conclusion: The phishing attacks impose severe threats to the users and the organizations dealt by them. The online scams are increasing substantially and the complicated methods are employed by the attackers for injecting the phishing attacks and malwares. There are no magical ways to keep these threats away. The users should be extensively given training on these online threats. The organizations should ensure that the online fraudulent and other scams are reported by their consumers. The security organization should find possible solutions to safeguard the emails and E-commerce websites. References: Bright, M. (2004, February 12). Spoof Email Phishing Scams and Fake Web Pages or Sites. Retrieved from https://www.millersmiles.co.uk/identitytheft/gonephishing.htm. Gelles, J. (2014, March 27). Consumer Watch: Phishing Scams Continue to Bite. Retrieved from https://www.philly.com/mld/philly/business/columnists Hurst, P. (2014, February 2). Millions at Risk from Cyber Phishing Gangs. Retrieved from https://www.crime-research.org/news/29.02.2004/95 Dvorak, J. (2013, April 5). Gone Phishing. Scams for Personal Information Are Getting Worse. Retrieved from https://abcnews.go.com/sections/ Jack, R. (2010, April 6). Online Phishing Uses New Bait. Retrieved from https://www.vnunet.com/News/1154101. Moulds, R. (2006, March 29). Whose Site is it Anyway?. Retrieved from https://www.net-security.org/article.php?id=669. Barrett, J. (2007, April 15). Phishing Fallout. Retrieved from https://msnbc.msn.com/id/4741306/. Gray, P. (2003, December 10). IE Bug Provides Phishing Tool. Retrieved from https://news.zdnet.co.uk/internet/security/0,39020375,39118421,00.htm Gonsalves, A. (2013, January 16). Latest Trojan Phishing for Personal Data. Retrieved from https://www.techweb.com/wire/story/TWB20040116S0007 Festa, P. (2005, December 10). IE Bug Lets Fake Sites Look Real. Retrieved from https://news.com.com/2100-7355-5119440.html?tag=nl.

The Way Out of the Global Financial Crisis Essay Example

The Way Out of the Global Financial Crisis Essay The global recession is the cause for this, and that is a generally accepted fact. Not only the business contraction, but also the increases in unemployment and shrinking government revenues are also newsworthy. However, it is accepted that, large economies have started recovering from the crisis, unemployment is a problem that has been solved yet, (Nanto, 2009). Numerous banks and individual households still face problems in restoring their balance sheets.As a definite remedy, industrialized as well as emerging economies (developing countries) constitute financial rescue packages such as, American Recovery and Reinvestment Act of 2009 (P. L. 111-5), (Nanto, 2009). This note details about one of the fundamental dilemmas which discussed all over the world at present. Simply stated, this is the world economic crisis, which is also known as the world financial crisis which began in the latter part of 2007. More specifically, this was known as many economists to be the worst economic cri sis since the Great Depression of the 1930s.Mainly, the collapses of large corporate and countries, as well as downturns in economies in economic growth, increasing unemployment, and collapses of the trade can be highlighted as the fundamental causes for the crisis. Given that, many large economies have turned into chaos as an awful repercussion of the crisis. However, many economists as well as countries as whole addressed remedies to prevent those so called negative repercussions; it is a generally accepted fact that, those remedies were not totally successful.This note discusses the above addressed issue in detail. Thus, we structured this note elaborating the notion of World Economic Crisis at the outset, and we postulates some of the major corporate collapses in the world. Thereafter, we detail about the major downturns of the economic growth as well as high unemployment problems occurred as causes for the core discussion. More focally, we develop facts about the impacts of the crisis toward the Sri Lankan economic and the financial sector as well.Finally, we strive to postulate, the feasibility of the remedies addressed to the phenomenon (Global Economic Crisis) discussed and we build an argument with a critical justification where, â€Å"there is no way Sri Lanka can keep away from the effects of economic recession but certainly the authorities could think and act sensibly towards finding ways of minimizing the impact by adopting proper policies. Most of all, the important thing is to adopt proactive policies†. Introduction – The Global Economic CrisisIn this section we intend to talk about how the world economic crisis emerged and some of the major players in this crisis. Perhaps most notably, this section does not encompass all the incidents about the crisis; we bring out the most important aspects to develop the core argument of the note. Many are suggesting that the major cause or the trigger for the financial crisis is the United Stat es housing bubble which peaked in the periods of 2005-2006. In the early 2006, housing prices peaked and started to decline in 2006 and 2007, and reached new lows in 2012.Adding to that on December 30th, 2008 Case-Shiller home price index reported its largest price drop in its history (See figure 01, annexes: Median and Average Sales Prices of New Homes Sold in United States 1963-2008). As a repercussion, the mortgage house pricing was also started gradually rising. To economists, it all seems painfully simple. Especially in Asian countries, more focally from China foreign money started flowing to the United States. This scenario was allowed people to borrow more and more properties that could not affordable.This is mainly due to the availability of free flow of money. Thereafter, bankers tend to bundle up in terms of loans and sold to investors. Obviously these investors did not understand the inherent risk of these bundles of money. Further, some and the majority of the investors tend to start defaulting on their mortgage payments, and they lost their houses and investors all around the world, including banks and hedge funds, lost their investments. Government of the US was not able to regulate the activities of the banking behemoths as well.Further weak and fraudulent underwriting practices of corporate are also vulnerable to the economy at that time. When we are discussing with the phases of the crisis, basically, there are four basic phases in the process of coping with the crisis by countries across the globe, (Nanto, 2009). First step details to contain the contagion and restore confidence of the system. Secondly, it can be suggested to coping with secondary effects of the crisis. The third phase of this process is to make changes in the financial system to reduce risk and prevent future crises.The fourth phase of the process is dealing with political, social, and security effects of the financial turmoil. The global economic crisis, which is also known as the financial crisis, (Nanto, 2009) started quickly spreading to emerging economies as well. Investors started pulling investments capital from countries, even those investments are with small quantities they perceived a high risk, consequently, plunging started in the value of stock as well as domestic currencies. Also, export prices started gradually declining with a dramatic slow of the economic growth. Major corporate bankruptcies and country collapsesIn this section, we expect to detail about the importance of prediction of financial distress as well as some of the major corporate as well as country collapses followed by the global economic crisis. Perhaps most notably, we are compiling about financial distress, because the improper financial prediction has become a major cause for corporate collapses. Actually, the notion of bankruptcy prediction models started way back in 1930s in terms of ratio analysis and it has evolved into various methodological grounds as well, (Bel lovary et al. , 2007). Moreover, given the importance of predicting financial distress, Campbell et al. (2011) write, ‘Although probably quite accurate, it may not be useful to predict a heart attack with a person clutching their hand to their chest’ (p. 02) The above empirical justification elaborates us the importance of predicting and implementing precautionary actions in advance for a problematic situation. Likewise, better prediction of corporate failures gives an utmost importance. Having a brief introduction about the financial distress and bankruptcy prediction, following discussion provide somewhat a detailed elaboration pertaining to the corporate and country collapses.At the outset, it can be stated that, the majority is not concerned about the excessive executive compensation which is also played pivotal role for the global financial crisis. Wall Street became a magnet for the brightest Americans who wanted to make a large amount of money very quickly. Most companies rewarded short-term performance without much regard for market fundamentals and long-term earnings. Executives were given stock options, which they could manipulate to earn more money. The more an executive could drive up his or her company’s stock price or its earnings per share, the more money he or she would get.Frank Partnoy argues that a mercenary culture developed among corporate executives. They merged with or acquired higher-growth companies and, in many cases, committed accounting fraud. This fraud led to the bankruptcy of companies such as Enron, Global Crossing, and WorldCom. Many executives received long prison sentences. Enron Corporation was an American energy company based in Houston, Texas. Before its bankruptcy in late 2001, Enron employed approximately 22,000 and was one of the world’s leading electricity, natural gas, pulp and paper, and communications companies, with claimed revenues of nearly $101 billion in 2000.For six consecutive years Enron was named as the â€Å"America’s Most Innovative Company†. At the end of 2001 it was revealed that its reported financial condition was sustained substantially by institutionalized, systematic, and creatively planned accounting fraud, known as the â€Å"Enron scandal†. The Enron scandal, revealed in October 2001, eventually led to the bankruptcy of the Enron Corporation, the dissolution of Arthur Andersen, which was one of the five largest audit and accountancy partnerships in the world.In addition to being the largest bankruptcy reorganization in American history at that time, Enron undoubtedly is the biggest audit failure. Global Crossing is an American telecommunications company based in Bermuda, providing computer networking services throughout the world. It maintains a large backbone and offers transit and peering links, VPN, leased lines, audio and video conferencing, long distance telephone, managed services, dialup, colocation and VoIP, to custome rs ranging from individuals to large enterprises and to other carriers.The result of this bankruptcy was said to be the loss of 9000 jobs. WorldCom’s bankruptcy filing in 2002 was the largest such filing in U. S. history. The WorldCom scandal is regarded as one of the worst corporate crimes in history, and several former executives involved in the fraud faced criminal charges for their involvement. Most notably, company founder and former CEO Bernard Ebbers was sentenced to 25 years in prison, and former CFO Scott Sullivan received a five-year jail sentence, which would have been longer had he not pleaded guilty and testified against Ebbers.Rising unemployment It is a generally accepted fact that, as a result of the economic downturn, millions of workers have been laid off from companies, at the same time, many of them experienced in cut working hours, and enterprises were seeking to reduce wages and other employee benefits constantly. Although there is some evidence that the global economy has reached a trough, history shows that synchronized and global crises, like the current one, result in recessions that are more severe and longer in duration (International Monetary Fund (IMF), 2009).These ongoing destructions of jobs increasing jobless hours started ensuring unemployment rates across the world. Particularly these downturns affected severely to many parties in the economy as well. More focally, those segments were defined in terms of age and gender, (Verick, 2009). Due to the lack of skills possessed, work experience, job search abilities, and the financial resources to find employment were considered as problems associated with the youth in marginalizing the labor market, (Verick, 2009). As a remedy the youth tend to employed with contract employments.More specifically, youth employment rates are far more sensitive than the adult population in the business cycle, (Organization for Economic Co-operation and Development (OECD), 2008). Indeed, since the end of 2007, an additional 2. 1 million young men and 1 million young women have become unemployed in a large sample of countries considered in this paper consisting of most European countries, Australia, Canada and the United States, which together represent almost 60 per cent of the global economy. Over this period, the unemployment rate in the European Union member countries increased by 6. and 3. 5 percentage points for young men and women, respectively, while it raised by a lower margin for prime age men (2. 1 percentage points). In the United States, unemployment rates have surged by a greater amount, especially for young men. Downturns in economies in economic growth and collapses of the trade To elaborate this section in more focus, we intend to adopt findings from Reinhart et al. , (2008) studies. We adopted, Past and Ongoing Real House Price Cycles and Banking Crises (see figure 02, annexes).Thus, we begin, at the outset, many of the dominat countires in the globe faci ng banking crisis. Particularly, countires like, Austria, Hungary, Iceland, Ireland, Spain, and the United Kingdom. Ongoing crisis are in dark shading and the past crisis are in the light shading in the figure. The most severe real housing price declines were experienced by Finland, the Philippines, Colombia and Hong Kong. Notably, the duration of housing price declines is quite long-lived, averaging roughly six years. This simple illustration depicts the vulnerabilities facing by the top economies at present and faced in the past.Thus, we can postulate that, above mentioned United States housing bubble which peaked in the periods of 2005-2006 has significant impacts on the respective country’s economy as a whole. And it corresponds with long lasting vulnerabilities as well. Impact on Asian Countries and Sri Lanka Particularly, Asian policy changes in recent years including Japan’s banking reforms, Korea’s opening of its financial market, China’s dramatic economic transformation, so on and so forth elaborates us the Asian region corresponds with vulnerabilities of the Global Crisis.Thus, we state that if dominant Asian countries get affected from the crisis, a developing country like Sri Lanka will no longer be able to escape from the vulnerabilities. Also, the impacts will depend varying the sectors of the country. For example, there will be less tourist arrivals from European countries and that will affect the all ready troubled sector. Rising interest rates and inflationary pressure, US dollar appreciating at the expense of the rupee coupled with a war budget and high public sector expenditure will make things difficult for Sri Lanka.Central Bank (CBSL) released more than US$ 22 million into the market in order to defend the rupee. Less and less dollars coming into the market causes pressure on the rupee thus making it difficult for the (CBSL) to defend the rupee, (Weerakkody, 2008). The way out of the crisis Given all the reperc ussions, causes and effects of the global crisis, in a nutshell, we strive to postulate that, as a country, we cannot avoid the negative consequences overnight. For an example, Sri Lanka’s textile and garment exports will adversely impact due to the continuation US and the Eurozone economic downturn.This is because, nearly half of the textile is exported to the US in 2007 meantime another, 45 percent was exported to the Eurozone. In fact, this sector contributes substantially high proportion to the foreign exchange earnings in Sri Lanka. As a definite remedy we suggest opening Treasury Bills and Bonds to the Sri Lankans and implementing precautionary actions with friendly central banks in terms of SWAP agreements would be vital decisions to be made. Adding to that, prudent policies also indispensable as a country to implement, these are important to minimize the impacts of external shocks on the domestic financial market.Further, stable interest rates maintenance is also impo rtant in this regard and implementation of actions on undisciplined lending by banks pays a greater emphasis. Finally, we conclude stating that, In every probability, there is no way Sri Lanka can keep away from the effects of economic recession but certainly the authorities could think and act sensibly towards finding ways of minimizing the impact by adopting proper policies. Most of all, the important thing is to adopt proactive policies. Works Cited Bellovary, J. , Giacomino, D. amp; Akers, M. 2007. A review of bankruptcy prediction studies: 1930 to present. Journal of Financial Education, 33. Campbell, J. Y. , Hilscher, J. amp; Szilagyi, J. , 2011. Predicting financial distress and the performance of distressed stocks. Journal of Investment Management, 9(2), pp. 1-21. International Monetary Fund (IMF), 2009. From recession to recovery: how soon and how strong? Chapter 3 in IMF. World Economic Outlook (WEO) Crisis and Recovery, Washington, D. C.. Nanto, D. K. , 2009. The Global F inancial Crisis: Analysis and Policy Implications. Online] Congressional Research Service Available at: www. crs. gov [Accessed 01 May 2013]. Organization for Economic Co-operation and Development (OECD), 2008. OECD Employment Outlook. OECD, Paris. Reinhart, Carmen, M. , Kenneth, S. amp; Rogoff, 2008. Is the 2007 U. S. Subprime Crisis So Different? An International Historical Comparison. American Economic Review, 98(2), pp. 339–44. Verick, S. , 2009. Who Is Hit Hardest during a Financial Crisis? The Vulnerability of Young Men and Women to Unemployment in an Economic Downturn. Institute for the Study of Labor, IZA DP No. 359. Weerakkody, D. I. , 2008. Global financial crisis and Sri Lanka. [Online] Available at: http://www. dailynews. lk/2008/10/13/bus27. asp [Accessed 1 May 2013]. Annex 01: Figure one: Median and Average Sales Prices of New Homes Sold in United States 1963-2008 Source: Wikipedia, Financial crisis of 2007–2008 Annex 02 Past and Ongoing Real House Price Cycles and Banking Crises: Peak-to-trough Price Declines (left panel) and Years Duration of Downturn (right panel) Source: Reinhart, Carmen, M. , Kenneth, S. amp; Rogoff, 2008. Is the 2007 U. S. Subprime Crisis So Different?An International Historical Comparison. American Economic Review, 98(2), pp. 339–44. [ 2 ]. The United States housing bubble is an economic bubble affecting many parts of the United States housing market in over half of American states. [ 3 ]. Case-Shiller Home Price Indices monitors and evaluates the house price indices for the United States. [ 4 ]. The process by which investment bankers raise investment capital from investors on behalf of corporations and governments that are issuing securities (both equity and debt) [ 5 ].Wall Street refers to the financial district of New York City [ 6 ]. Frank Partnoy is the George E. Barrett Professor of Law and Finance at the University of San Diego School of Law. [ 7 ]. This type of organizational culture is char acterized by a low degree of sociability and a high degree of solidarity. [ 8 ]. A swap is a derivative in which counterparties exchange cash flows of one partys financial instrument for those of the other partys financial instrument.

MBA Waitlist Strategies for Business School Applicants

MBA Waitlist Strategies for Business School Applicants When people apply to business school, they expect an acceptance letter or a rejection. What they dont expect is to be put on an MBA waitlist. But it happens. Being put on the waitlist is not a yes or a no. Its a maybe. What to Do If Youre Put on the Waitlist If youve been put on a waitlist, the first thing you should do is congratulate yourself. The fact that you did not get a rejection means that the school thinks you are a candidate for their MBA program. In other words, they like you. The second thing you should do is reflect on why you did not get accepted. In most cases, there is a particular reason why. It is often related to lack of work experience, a poor or lower than average GMAT score, or another weakness in your application. Once you know why youre waitlisted, you need to do something about it other than wait around. If youre serious about getting into business school, its important to take action to increase your chances of getting accepted. In this article, well explore a few key strategies that might get you off the MBA waitlist. Keep in mind that not every strategy presented here will be right for every applicant. The appropriate response will depend on your individual situation. Follow Instructions You will be notified if you are put on an MBA waitlist. This notification usually includes instructions on how you can respond to being waitlisted. For example, some schools will specifically state that you should NOT contact them to find out why you have been waitlisted. If you are told not to contact the school, do NOT contact the school. Doing so will only hurt your chances. If you are allowed to contact the school for feedback, it is important to do so. The admissions rep may be able to tell you exactly what you can do to get off the waitlist or strengthen your application. Some business schools will allow you to submit additional materials to supplement your application. For example, you may be able to submit an update letter on your work experience, a new recommendation letter, or a revised personal statement. However, other schools may ask you to avoid sending in anything extra. Again, it is important to follow instructions. Do not do anything that the school specifically asked you not to do.   Ã‚   Retake the GMAT The accepted applicants at many business schools commonly have GMAT scores that fall within a particular range. Check the schools website to see the average range for the most recently accepted class. If you fall beneath that range, you should retake the GMAT and submit your new score to the admissions office. Retake the TOEFL If you’re an applicant who speaks English as a second language, it is important that you demonstrate your ability to read, write, and speak English at the graduate level. If necessary, you may need to retake the TOEFL to improve your score. Be sure to submit your new score to the admissions office. Update the Admissions Committee If there is anything that you can tell the admissions committee that will add value to your candidacy, you should do it through an update letter or personal statement. For example, if you recently changed jobs, received a promotion, won an important award, enrolled or completed additional classes in math or business, or accomplished an important goal, you should let the admissions office know. Submit Another Recommendation Letter A well-written recommendation letter may help you to address a weakness in your application. For example, your application may not make it obvious that you have leadership potential or experience. A letter that addresses this perceived shortcoming could help the admissions committee learn more about you. Schedule an Interview Although most applicants are waitlisted because of a weakness in their application, there are other reasons why it can happen. For example, the admissions committee might feel like they just dont know you or they aren’t sure what you can bring to the program. This problem could be remedied with a face-to-face interview. If you are allowed to schedule an interview with alumni or someone on the admissions committee, you should do so as soon as possible. Prepare for the interview, ask smart questions about the school, and do what you can to explain weaknesses in your application and communicate what you can bring to the program.

Barcelona FC History Essay Example | Topics and Well Written Essays - 1000 words

Barcelona FC History - Essay Example However, despite the many challenges in the initial years of FCB foundation, the club did not take long before it started to enjoy success on various strategies and also in field activities. During the time of Spanish war, the team was faced with a financial crisis in addition to having a unsupportive government system that frustrated many initiatives taken by the club. According to Barcelona.de, the period of the 1940s was a blessing to FCB for having attained membership of around 25,000 people and won 21 Catalan matches in addition to getting 9 trophies (n.d). It is the continued success of the club in field activities that continued to attract additional members to join the club hence relieving the FCB financial burden. In addition, the increased membership and growth of the number of fans necessitated the construction of a larger stadium that would host a larger number of spectators allied to the club. Therefore, the FCB initiated the construction of stadium Camp Nou that took ab out three years for completion.Additionally, the FCB motto has contributed significantly to the success of the club since it was founded. The club motto, "Mà ©s que un club", meaning more than a club, was proclaimed by Narcà ­s de Carreras, a onetime FCB president, in 1968 (Barcelona.de, n.d). During the reign of the authoritarian leader, Francisco Franco, the FCB had been given a lot of restriction pertaining the club operations also membership because of the perceived association to a radicalization of the Catalans.