Case Study 7 - Tsutomu Shimomura Assignment Example | Topics and Well Written Essays - 250 words

Case Study 7 - Tsutomu Shimomura - Assignment Example 2. Tsumoto felt that computer security could only be served while being on the path of the â€Å"White hat† rather than be at the dark side which Mitnick eventually was. Being on this path also allowed Tsumoto to get law enforcements help to take out the hacker which he would have not no matter how much successful he would have been in tracking the hacker. 3. I believe that Mitnick would not have been caught if Tsumoto didn’t get involved. Law enforcement were in a disadvantage as far as having the technical knowledge of tracking a hacker in concerned and only Tsumoto was in a perfect position to track the hacker, thus Tsumoto started the hunt for Mitnick which ultimately led to his arrest (Notable hackers - Securelist). 4. I believe that it’s rare to be a professional hacker and yet stay on the right side of the law. Lust for money, greed eventually lead many of the professional hackers to go in the path of dark side and thus eventually against the law. Too much professional pride, over confidence also results in going on the wrong path of the

The conduct of the DEA was an unconstitutional exercise of Congress' Case Study

The conduct of the DEA was an unconstitutional exercise of Congress' Commerce Clause authority - Case Study Example (Rule) The term commerce as used in the Constitution means business or commercial exchanges in any and all of its forms between citizens of different states, including purely social communications between citizens of different states by telegraph, telephone, or radio, and the mere passage of persons from one state to another for either business or pleasure. Intrastate, or domestic, commerce is trade that occurs solely within the geographic borders of one state. As it does not move across state lines, intrastate commerce is subject to the exclusive control of the state. (Rule) (Application) Here, Jones' list of activities, to wit the intrastate, noncommercial cultivation, possession and use of marijuana for personal medical purposes on the advice of a physician is, in fact, different in kind from drug trafficking. Moreover, this limited use is clearly distinct from the broader illicit drug market insofar as the growing of marijuana at issue in this case is not intended for, nor does it enter, the stream of commerce.

In this country banks are being urged to lend, especially to small Essay

In this country banks are being urged to lend, especially to small businesses (vide Project Merlin) and for mortgages, but also - Essay Example Loans to small and medium size business ventures form the bulk of the credit facilities offered by banks at any one time and therefore have a critical responsibility in ascertaining the stability of an economic framework. Private developers equally get credit facilities in terms of mortgages and this has been in the rise with the advent of a booming real estate business across the globe. Bothe local and international investors have continuously sought the intervention of banks through monetary assistance through credit facilities which have been termed a critical stimulant to an economy reviving from effects of financial crises or intending to build on internal reserves in finances. In the UK, in the aftermath of the global financial crises, the banks are being encouraged to adopt the lending strategy especially to small business and for mortgages. Moreover, they are required to step up regulatory and precautionary measures in building up capital reserves in order to aid in the smoot h operations within the economy. However, an outright dilemma sets in regarding the balance between the safe lending and the ways to build up the capital reserves as required. The government of the United Kingdom plays the role of regulation and creates an enabling environment for the banks and small business enterprises that are the target in the credit facilities. On the other hand, the banking sector within the country has a central role in formulating and adopting favorable policies, which will serve to regulate the credit facilities, advanced while at the same time monitoring the growth of financial capital stocks in the banking sector. Drawing lessons from the 2007 to 2008 financial crises, Gambacorta and Marques-Ibanez draws the conclusion that stability in financial intermediaries plays a critical role in ensuring that there is a smooth transmission of credit facilities between the banks (lenders) and the borrowers (the likes of small and medium size businesses). The strengt h of bank lending channels plays an important role in provision of credit facilities in that bank-specific characteristics are central in credit provision. However, structural adjustments and changes during the period of crises resulted to favorable outcomes in restoration of sanity within the economy. During the crises, the loan supply suffered restriction greatly from weaker capital positions from banks as well as overdependence on non-interests loans and market funding. This therefore points to the risks that are prevalent to banks over funding liquidities. The conclusion from the lessons learnt support the need of establishing regulatory and monitoring mechanisms on those factors that work in favor of or against monetary transmission more so during periods of crises. The central bank has a specific role that of supervisory role to the other banks and keeping a proper statistical data base of all the banks for monetary regulation and advisory roles (Gambacorta and Marques-Ibanez, 2011, p.1-28). In order to address the rising concerns, there are various tools that can be applied within the banking sector, which would include imposition of monetary policies, deregulation as well as financial innovation. However, monetary policies are argued not to be very neutral from the perspective of financial stability. Financial

GEOINT and Asia Essay Example | Topics and Well Written Essays - 500 words

GEOINT and Asia - Essay Example Such views include the state and its citizens, children and their parents, husband and wife, liberty and authority, hierarchy and equality as well as rights and responsibilities. These differences have existed for centuries and have at times threatened world peace (Fawn, 1999). The two regions also have a lot of differences regarding political ideologies as well as political regimes. These differences could be attributed to the increased levels of awareness between these civilizations, since this intensifies civilization consciousness. More and more people migrating from the Asian region receive increased receptivity and hostility from the western world. Studies reveal that the western world reacts more negatively to Asian investment in their countries than from other regions. When people from the two regions interact, their civilization-consciousness is enhanced, which further invigorates the animosities and differences, thus explaining why it stretches such a long way back in history (Huntington, 1997). The increasing economic regionalism can also be attributed to the differences between the two regions. Most countries in the western world prefer intraregional trade between themselves and this only enhances economic regionalism. This reinforces western Christianity as well as European culture in all aspects of trade, therefore isolating the Asian region because of its unique civilization. In this case, cultural differences between the two regions will hinder their economic integration (Doyle, 2009). Other issues causing differences between the western world and the Asian region range from immigration to human rights and the environment in general. The clash of these two civilizations could be said to be occurring at the macro-level. This means that they compete for economic power as well as relative military (Fawn, 1999). They also want to control third parties and international

Wegmans culture Essay Example | Topics and Well Written Essays - 1750 words

Wegmans culture - Essay Example As culture determines the way of life existent within in a society, it also serves to determine the methods under which daily operations are carried out in any given company around the world, no matter how big or small they may be. In order to illustrate this important principle, this paper will take a look at the Wegmans corporation. The companies mission, values, and corporate culture will be analyzed and explained. Wegmans dates way back to 1916, when John Wegman opened the Fruit and Vegetable company in Rochester, New York. With his brother joining him a year later, this was truly a family oriented business that has withstood the test of time. The company has a long and proud history trough the Northeastern United States, as stores have been opened throughout New York State, Pennsylvania, and New Jersey, among others. Entering into the 21st Century, Wegmans had risen to the level of being recognized as one of the top 100 best companies to work for in the United States, demonstrating their commitment to treeing all employees like members of the family (Wegmans 2013). Most notably, Wegmans is noted to be a regional supermarket chain in the United States, and has become one of the largest private companies in all of America. From its inception, the management of the corporation has focused on creating a supermarket that is known to provide an enhanced shopping experience when compared to competitors. They do this by striving to provide better quality good, with an abundance of different choices for the consumer, and by making available truly restaurant quality prepared food that shoppers can take home to their families. In addition, all stores are kept beautiful and modern, employees receive tremendous training in corporate culture in order to provide ready and knowledgeable assistance to all shoppers that come through the doors. While prices have

Microsoft Company Essay Example | Topics and Well Written Essays - 1000 words

Microsoft Company - Essay Example The company has made a significant impact on the state of the economy in the state of Washington. The company’ growth experiences have had an intense effect on the employment growth in Washington. For 18 years of the company’s existence, the growth rate of employment in Washington alone has expanded at an annual average rate of 1.7 %. Secondly, the company’s consumption rate of goods and other transactions has had a significant boost in the level of income in Washington (Eicher, 2010). Industry analysis/ Benchmark – Microsoft Corporation is the leading producer of computer software. However, its products are facing a stiff competition from products such as Linux, UNIX and Macintosh. The company also faces a strong rivalry from various companies such as the American Software, Apple, Google, Autodesk Inc. and others. Fortunately, Microsoft’s products have unshaken competitive advantage over other companies for the reason that their products are user friendly thus has a stronger market share. For instance, an industry analysis between Microsoft and American software based on net income for two years, 2012 and 2013, shows that Microsoft had a higher net income as compared to its rival. That is, ($ 21,863,000 in 2013; $ 16,978,000 in 2012 for Microsoft) and ($ 10,411,000 in 2013; $ 11,343,000 in 2012 for American Software) (SEC filings, n.d.). Holding period return – the company’s holding period returns as measured by the return on equity and return on investments are as follows: ROE (net income/Total equity), ROI (net profit/Total assets). In 2011, 2012 and 2013, the company’s ROE = (47.6 % in 2011; 27.69 % in 2013; 25.58 % in 2012). This single factor DuPont analysis shows the investors’ reward for the equity contribution. The return could be classified as sufficient and it increased in the year 2013. The ratio shows that the company is efficient. Secondly, the ROI = (25 % in 2011; 15.35 % in 2013; 14 % in 2013). Return on

Should the top executives of the major banks that received bail-out Term Paper

Should the top executives of the major banks that received bail-out money be allowed to receive large bonuses - Term Paper Example The act of providing additional capital to banks and other organizations when they face the danger of bankruptcy is called bailout. During the last few years, most of the major banks in America were provided with bailout money so that they would be saved from the danger of insolvency and thereby liquidation. Since banking sector is the growth engine of a nation’s economy, government must give great care to its maintenance. In addition, the regulators can also play a vital role in preventing the disastrous effects of bankruptcy by the effective application of various financial tools. This paper has been drafted with intent to explore the ethical range of paying large bonuses to top executives of major banks that received bailout money. Bailout and its impacts on economic sector The bank bailout has a far reaching impact on a nation’s economy as it is spent out of extra budgeted money. The general public of the nation largely suffers from the bank bailout since it leads t o the downturn of economy. Similarly, many investors and shareholders may lose money on their investment due to the economic collapse of banks; and therefore they hesitate to go with further dealings. The foreign investors and companies may also lose their interest in a weaker banking sector and it would adversely affect the financial viability of the nation as a whole. In the opinion of McKay (2010), the taxpayer money has been employed to meet the cash reserve needs of the banks. The money from the treasury is used to carry out fund operations, if the banks have not repaid the money (pp. 50-51). Therefore, the Federal Reserve is forced to pay more money to the banking industry at the time of depression and it breaks balanced financial structure of the various policy based operations. McKay also indicates that the banks generally utilize the cash deposits from the customers to ‘purchase mortgage-backed securities, collateralized debt, and loan obligations. In most cases, they are valued worthless and it would badly impinge on the rate of return on bank’s transactions. Likewise, it is reported that some major American banks had inflated their profit in order to attract more investors and creditors. As a result, many creditors have not been still reimbursed for their claims. â€Å"When banks fail, getting credit and loans becomes more difficult. This makes the process more difficult for the people looking to buy cars, homes, and property and perhaps for students trying to obtain educational loans† (McKay,2010, p.53). Similarly, the businessmen would not get adequate assistance from the banks and it would impede the industrial growth of the country. The failure of banks and subsequent bailout leads to incredible job losses within the country. Moreover, when the banks are compelled to withstand with the bailout money, they cannot implement new policies and programs. In short, the process of bailout will certainly cause the economic diminution of the whole country. Top executives of banks and their bonus payment Usually, banks pay high salaries to their top executives with intent to retain them in the organization since they are the skippers who lead the day to day activities. I am of the opinion that top executives of the banks that received bailout money should not be allowed to collect large bonuses. As the top executives are the decision takers of the organization regarding various matters, they are also responsible for the