Business Ethics Essay Example for Free

Business Ethics Essay In a narrative format, discuss the key facts and critical issues presented in the case. Word count: 158 Countrywide Financial began in 1969 and by 2000 was one of the nations largest lenders (Ferrell, 2010). In the late 1990s and early 2000s, Countrywide Financial offered subprime mortgage loans. Subprime mortgage loans were loans that were offered to people who would not ordinarily be able to qualify for conventional loans because of Income, lack of credit or low credit score. Because of the structure of these mortgage loans, people found It hard to make payments when the economy slowed down. The real estate market and the economy was negatively affected by the large number of people who were unable to make payments on their mortgages. Countrywide Financials earnings were posltlve until 2007, when the economy slowed and real estate prices dropped. In 2008, Bank of America bought Countrywide Financial. Bank of America had more assets that could handle the crisis, and Bank of America would be able to handle the ethical investigations involving Countrywides questionable lending practices. Reference: Ferrell, O. C. (2010). Business Ethics: Ethical Decision Making and Cases, 8th Ed.. Cengage Learning What were the incentives for Countrywide to write so many subprime loans? Word count: 168 Countrywide Financial benefited financially from offering subprime mortgage loans. Since the interest rate, fees and terms of subprime mortgages are typically higher than conventional loans, the lenders are able to profit from this type of loan (Moulton ; Bozeman, 2011). Between 1982 and 2003, Countrywide reported substantial earnings, and the offered profitable returns on stock investors. By offering mortgages and loans to borrowers who would not ordinarily qualify, the ees and interest were collected from thousands of borrowers with this type of loan. They also extended loan privileges to a large amount of the population who would not ordinarily be able to own homes. I feel that Countrywide Financials Incentive for offering subprime mortgage loans was for financial benefit. I believe that they should have known the effects these types of loans would have If the economy took a downturn. They were too Interested In the profits to be made and continued the practice despite the negative effects It would have on people and the country as a whole. Moulton, S. , Bozeman, B. (2011). The Pulicness of Policy Environments: An Evaluation of Subprime Mortgage Lending. Journal of Public Administration Reseach Theory, 21(1), 87-115. dot:10. 1093/jopart/muq005 Ferrell, O. C. (2010). Business Ethics: Ethical Decision Making and Cases, 8th Ed. , What was Countrywides logic in thinking that originating loans for people with poor credit ratings would result in positive outcomes? Word count: 182 Before the real estate crisis, the subprime mortgage industry was praised for helping people attain homeownership (Ferrell, 2010). Subprime mortgages helped minorities and lower income people be able to afford to own a home. At the time, it was thought of as a positive financial tool. Since there were more people being able to attain loans to own a home, other industries benefited from the effects of the subprime mortgage practice. Contractors, the building supply industry and real estate agencies were all profiting from these lending practices. It seemed that these types of loans were helping many industries. In a speech given by Govenor Edward Gramlich in May, 2004 (www. federalreserve. v), he spoke of these lending practices and said the increased availability of subprime mortgage credit has created new opportunities for homeownership and has allowed previously credit-constrained homeowners to borrow against the equity in their homes to meet a variety of needs.

Viral Infections :: essays research papers

VIRAL INFECTIONS: THE TRUE WHYS AND WHAT NOWS It all started with a little tickling in my throat. I forged ahead, knowing all too well what that feeling meant, I was getting sick. I convinced myself to just not think about it and it would just go away. This whole time there was an army of alien species amassing in my bloodstream and older cells. They are horrifyingly ugly, like something straight out of H. R. Geiger’s imagination. They writhe and twitch while they are on the hunt for one of your precious body cells. One can almost imagine them squealing to one another "That’s the one fellas, that is the cell we turn into Fort Viri!!". Then they attack, attaching their bodies to the cell’s only defense, it’s outer wall. The cunning viri know this dance all too well, the cell has no chance. All too quickly the viri convince the cell, via complex chemical codes to admit the viri into its life blood, the cytoplasm. Soon they would turn this doomed c ell into a virus nursery, churning out countless clones of the virus that converted the original cell. I now must resign myself to the fact that I have somehow come into contact with a virus and it has started to multiply in my body. By now the symptoms are undeniable and all encompassing. I have the flu. Viral infections are caused by a host organism taking in and precipitating the reproduction of viruses. These infections bring with them a miriad of symtoms including, but not restricted to fever, general achiness, increased mucous production, and general sluggishness. This entire chain of events starts when a person comes into contact with a virus. This can happen a number of ways: contact with infected body fluids, contact with the mucous membranes of an infected person, and even inhalation of airborne viri. When one comes into contact with a virus, it wastes no time in making your body it’s new home. It quickly finds a body cell to reproduce in, usually in the body system in which it found access to the body. For example a virus that is inhaled will usually take up residence in the lungs or throat of the host animal. Since the virus has no internal reproductive system, it finds a cell to invade and latches on to it’s cellular membrane. It does this using specialized protein chains, these act as tiny fishing hooks permanently attaching the virus to the host cell. Viral Infections :: essays research papers VIRAL INFECTIONS: THE TRUE WHYS AND WHAT NOWS It all started with a little tickling in my throat. I forged ahead, knowing all too well what that feeling meant, I was getting sick. I convinced myself to just not think about it and it would just go away. This whole time there was an army of alien species amassing in my bloodstream and older cells. They are horrifyingly ugly, like something straight out of H. R. Geiger’s imagination. They writhe and twitch while they are on the hunt for one of your precious body cells. One can almost imagine them squealing to one another "That’s the one fellas, that is the cell we turn into Fort Viri!!". Then they attack, attaching their bodies to the cell’s only defense, it’s outer wall. The cunning viri know this dance all too well, the cell has no chance. All too quickly the viri convince the cell, via complex chemical codes to admit the viri into its life blood, the cytoplasm. Soon they would turn this doomed c ell into a virus nursery, churning out countless clones of the virus that converted the original cell. I now must resign myself to the fact that I have somehow come into contact with a virus and it has started to multiply in my body. By now the symptoms are undeniable and all encompassing. I have the flu. Viral infections are caused by a host organism taking in and precipitating the reproduction of viruses. These infections bring with them a miriad of symtoms including, but not restricted to fever, general achiness, increased mucous production, and general sluggishness. This entire chain of events starts when a person comes into contact with a virus. This can happen a number of ways: contact with infected body fluids, contact with the mucous membranes of an infected person, and even inhalation of airborne viri. When one comes into contact with a virus, it wastes no time in making your body it’s new home. It quickly finds a body cell to reproduce in, usually in the body system in which it found access to the body. For example a virus that is inhaled will usually take up residence in the lungs or throat of the host animal. Since the virus has no internal reproductive system, it finds a cell to invade and latches on to it’s cellular membrane. It does this using specialized protein chains, these act as tiny fishing hooks permanently attaching the virus to the host cell.

National Hero of Philippines: Jose Rizal

1. My dad always tells me that behind every great man is a greater family. Maybe what he meant was no one could be great in life without the help of his family or without his family along with him. This was concretely shown in Rizal’s life. Being the great man that he is, Rizal was brought up by his parents very well that he became almost excellent and great in all that he did. Way back in my elementary days, we were asked what we would like to be when we grow up. I answered, â€Å"My dad is a great, smart and handsome accountant and I wanna be just like him.† I believed that what we turn out to be is patterned on our parents, how we are brought up by them and how our family supports us in what we do. In Rizal’s case, his abilities, I believe, came from his parents. His skills in literature particularly in poems and his skill in speaking Spanish came from the upbringing he got from his mother, Teodora Alonso and his skills in philosophy came from his father, Francisco Mercado. I admire Rizal’s parents because even if they were part of the principalia, they lived simply and taught their children to live humbly. They exercised their children to be good-mannered, respectful to everyone, disciplined and God-fearing. They were strict to their children and they, just like any other parents, disciplined their children physically because they believed in the saying â€Å"Spare the rod and spoil the child†. They also taught Rizal and his siblings to love God above all. This was concretely shown in their practice of attending mass every day, praying the angelus at home and praying the rosary before going to sleep at night. However, being strict and very religious persons that they are, they let their kids have time for playing. All of that taught Rizal to balance everything in his life, to have time for studying, for God, for him and for his family but still manage to have fun once in a while. Based from my experience, I know a lot of people who have very unsupportive family or came from a broken family and who is now unsuccessful in life. All I’m saying is, Rizal would not be what he became if it were not because of the help of his family, especially, his parents. 2. â€Å"Sandali lang ha, mag-aaral lang ako sa Rizal para maging accountant ako†¦Ã¢â‚¬  This, I always say, to whomever I am talking to before studying for this subject. Most often, I wonder, what does the Rizal course have to do with my chosen college course, accountancy? Rizal was not an accountant. So why study this? As we started our journey through this course, little by little, I began to understand why we have Rizal in our curriculum. For one reason, it is a law to have a Rizal subject in all the courses of all universities. So, just by this reason, we have no way out from studying this course. But talking as a Filipino, I believe that we have to study Rizal because if we reflect, what we really know about Rizal are only the 2 novels he made which were Noli Me Tangere and El Filibusterismo, that he died because what he wrote were all against the Spaniards and that he is our national hero. But what we do not know is that Rizal is just an ordinary person like us before all that happen and like what Mr. Ungriano said, I believe that there is always a Rizal in every Filipino and I hope to find that Rizal in me with the help of this course. Rizal’s life, thoughts, ideas, works, principles and convictions are very influential to people’s life. Taking the case of the late Ninoy Aquino into consideration, I believed that he was greatly influenced by Rizal. That’s one example of his influence of his heroism. In this course, we will see how Rizal influenced many Filipinos by his childhood, by how he was brought up by his parents, by how he was as a student, by how well he did in college, etc. My personal reason why I am interested in studying him is to know why, of all our heroes, he became our national hero. I have been insisting all my life that Andres Bonifacio should be our national hero, because in the first place, he was the one who fought the Spaniards sword-to-sword and he was the one who gathered all Filipino to go against the Spaniards. But there was a point in Bonifacio’s life that I missed. He never won any battle and he surrendered to the Spaniards. Even Aguinaldo, our 1st president, surrendered to the Americans. In the other hand, Rizal, who used only his pen, which was said as a weapon mightier than the sword, in fighting for freedom, never surrendered from a fight even in the last moments in his life. Lastly, studying Rizal’s life and works is a way of saying thank you to him for all his sacrifices and deep sense of nationalism that greatly contributed and led to our country’s freedom. Maybe one thing that we should really work on is our love for our country and who knows, someone in our generation might be the next Rizal. As what I have said, Rizal is just an ordinary person, but the most extraordinary of all his kind.

Egalitarian Relationships in Radical Heterosexuality Essay

In this article the author Naomi Wolf does a great job in explaining radical sexuality. Also known as egalitarian relationships. In marital relationships, the meaning is typically that husband and wife have equal status in the marriage. That is sometimes defined as having equal power. She talks about there being some conditions to abide by. For example, it requires that women should be able to support themselves without the help of any man. Also the man must yield the automatic benefits presented by gender. Women give up gender benefits as well as the men. By day they fight gender injustice; by night they sleep with men (Wolf p. 155), she questions weather feminists who are in a heterosexual relationship are contradicting themselves,†¦show more content†¦In conclusion, Wolf explains that it is perfectly ok to be a feminist, hate sexism and love men. Men were able to do just about anything they wanted with their wives, until the womens movement and even then in some parts of the countries it is still the same. Prior to the Civil War married women had many duties but few rights. They were not permitted to control their property, even when it was theirs by inheritance. A husband had the right to his wifes wages, to decide on the education and religion of their children, and to punish his wife if she displeased him. (Janice M. Steil). In addition, it shows how men always over rule women. Naomi Wolf also talks about how women were not treated as human. For example, she says, In the nineteenth century, when a judge ruled that a husband could not imprison and rape his wife, the London Times bemoaned. Also, she mentions the English common law that said, a man could legally beat his wife with a switch no thicker than his thumb, and thats where she says we got the phrase rule over thumb. It seems incredible to me that they treated women that way. What most feminists want is the marriage where their partner is showing respectful treatment towards them and their children, a kindness rather than a legal right such as before or in other countries today. Therefore, All the rules that men laid down over the centuries have recently gone out the window, and were