The Effects Of Reporting The Financial Crisis On Subprime...

Different levels of analyses adopted in this research shed a new perceptive light on the reality of reporting the financial crisis in 2007 in which business journalists were troubled by a plethora of slanted opinions that never coalesced into a coherent examination of the problem. Comment discrepancies and all kinds of implausible interpretations from high-ranking financial pundits might partially explain why despite a large number of business stories issued during the crisis the media remained baffled and uncertain about the length and depth of the downturn. However, that financial journalism put aside investigative reporting, as well as the fact that it could not adopt a critical view about the functioning of the system and identified†¦show more content†¦Between 1999 to 2004, more than two dozens of US states ranging from North Carolina to South Carolina, California to New York passed various forms of anti-predatory lending laws stipulating a lower interest rate threshol d requiring credit disclosure (Starkman, 2014:202) in an effort to respond ferociously to lawless lending practices at Wall Street and hold Wall Street originators of MBS to account. Critical, hardest-hitting investigative stories were prevalent during this time. When the US Federal Trade Commission (FTC) conducted cases against the most notorious names in the subprime lending industry, i.e. Citigroup, JP Morgan, Delta Funding Corp., etc., many business newspapers also considered abusive lending their central beat and published a wide range of delicately-told stories going into the dubious and execrable practice of Wall Street banks in impressive depth (â€Å"Easy Money: Subprime Lenders Make Killings Catering to Poorer Americans. Now Wall Street Is Getting in on the Act†, BusinessWeek, 4/24/00; â€Å"Along with a Lender, Is Citigroup Buying Trouble?†, NYT, 23/10/00; â€Å"Fed Assesses Citi Group Unit’s $70m in Loan Abuse†, NYT, 5/28/04; etc.) . These art icles put individual banks engaging in the foray of subprime lending under the spotlight with real information about secret sources of money and the compensation culture that

Behaviour aspects Free Essays

Employee attendance monitoring in the company had been ineffective due to the outdated system of punching time cards. At times some employees were punched in by their friends or coworkers even if they had not yet arrived. Thus, management could not trace how many times an employee was tardy or absent. We will write a custom essay sample on Behaviour aspects or any similar topic only for you Order Now The problem on employee tardiness had reached tremendous proportions that an employee had missed 200 minutes of work in a month. Considering that the company relies on their employees to provide the services that they market to their customers, tardy employees negatively impact the operations of the company. However, the company was worried that the employees would resist a new attendance monitoring system. From the workforce point of view, the old system is easier and much more employee-friendly in the sense that there are really times when they do not intend to be tardy but circumstance out of their control would cause them to be tardy. Moreover, the system was easy to manipulate and employees justify that they maintain the same productivity and output even if they were tardy a number of times. The company justified that chronic tardiness is a problem that has reached epidemic proportions because employees abuse the old system. Employees are paid in full per hour and if they come in 20 minutes late would mean a huge lost for the company. In order to improve the attendance monitoring of the company, the management invested on a biometric system, wherein employees have to press their thumbs on a scanner and the system logs the employee in or out. The time noted is also more accurate as it includes seconds. However, before the biometric attendance system could be implemented it has to be set-up and will be a major change for the employees. To aid in the implementation of the change in the attendance monitoring system, a plan was devised wherein employees will be made to become aware of the problem, the implications of the problem to the overall productivity of the company and the best possible solution to the problem would be the changing of the system (Cameron Quinn, 2006) . To make the transition to the biometrics attendance system, a general assembly was called for and the attendance report for the whole company was presented to the body. The presentation contained only the percentage of work hours, the number of hours lost due to tardiness and the frequency of tardiness for the past year. The session served as the unfreezing of the status quo since employees are made to confront the issue and that change is inevitable. After the presentation, the biometrics was then presented to the employees and what the new system would be (Palmer, Dunford, Akin, 2009). The employees were asked to go to the HR department for the entering of their thumbprints and personal data. The employees were given a specific period of time to comply with the required information. The HR then informed the workforce that a trial period for the new system will be set wherein employees would get used to the new system. This corresponds to the implementation of the actual change. After the 2 months in which the biometrics had been implemented, another general assembly was called, this time it was to present the noticeable improvement of employee attendance and punctuality. This would be the refreezing stage wherein the employees are made to accept the change and that the new system is better than the previous system. Hopefully, the new system will continue to improve the attendance and tardiness in the company to the point when it would cease to be a problem. In order to motivate employees, the management will award those who have perfect attendance. References Cameron, K. S. , Quinn, R. E. (2006). Diagnosing and changing organizational culture. (2nd edition) San Francisco: Jossey-Bass. Palmer, I. , Dunford, R. , Akin, G. (2009). Managing organizational change: A multiple perspectives approach. (2nd ed. ) Boston: McGraw-Hill Irwin. How to cite Behaviour aspects, Papers

Service Is The Most Important Foundation †Myassignmenthelp.Com

Question: Discuss About The Service Is The Most Important Foundation? Answer: Introducation Consumer participation in healthcare service is the most important foundation of primary health service. The benefits include better health outcomes, relevance, justice, access to services, quality of healthcare, and so on. According to Renedo et. al. (2015) active participation of consumers, makes the service more effective and accessible and consumers feel empowered to make decisions. According to Ricciardi et. al. (2013), involving patients, who are concerned about their health should be involved in the process as they will be able to participate in heath and preventive measures. Furthermore, they will be able to self-manage to achieve better outcomes. According to a study on patients with chronic diseases, it was found that aware patients were three times less likely to suffer from a negative health impact or medical error than those who are not confident about skills and knowledge of process. According to Finkelstein et. al. (2012), another way to involve consumer to healthcare is by receiving feedbacks from consumers regarding the service they got or what changes they want to imply. Their rights and responsibilities should be promoted to staffs, carers, and clinicians to avoid any discrimination. Being a Registered Nurse (RN), it is my responsibility to engage patients to the care process. It is important for the patients as they become confident about the treatment and feel secure at hospitals as well. I would create a partnership with my patients to engage them in the process as we both are focusing on the same goal, better health outcomes. Gaining the trust of patients is as important as providing them with medicines because it helps them to recover psychologically. I will take their questions and queries regarding healthcare seriously as according to the reports of Tobiano et. al. (2015), patients who feel respected and important by their healthcare provider, are less prone to medical errors during care process. Secondly, my effort will be to educate patients about their disease and the care I will be providing to them in effective manner. I will ask patients to explain those back, as if they have absorbed any proper information, they will be able to revert those back to the society. I will be assuring that the education they are getting, are actually being followed or not. As according to Holloway Galvin (2016), role of nurse is coaching as well as teaching. I also need to simplify the terms and ways according to the understanding of the patient. References Finkelstein, J., Knight, A., Marinopoulos, S., Gibbons, M. C., Berger, Z., Aboumatar, H., ... Bass, E. B. (2012). Enabling patient-centered care through health information technology.Evidence report/technology assessment, (206), 1. Holloway, I., Galvin, K. (2016).Qualitative research in nursing and healthcare. John Wiley Sons. Renedo, A., Marston, C. A., Spyridonidis, D., Barlow, J. (2015). Patient and Public Involvement in Healthcare Quality Improvement: How organizations can help patients and professionals to collaborate.Public Management Review,17(1), 17-34. Ricciardi, L., Mostashari, F., Murphy, J., Daniel, J. G., Siminerio, E. P. (2013). A national action plan to support consumer engagement via e-health.Health Affairs,32(2), 376-384. Tobiano, G., Bucknall, T., Marshall, A., Guinane, J., Chaboyer, W. (2015). Nurses' views of patient participation in nursing care.Journal of advanced nursing,71(12), 2741-2752.