Computer Hacker Essays (1719 words) - Cybercrime, Hacking

Computer Hacker Laws must be passed to address the increase in the number and types of computer crimes. Over the last twenty years, a technological revolution has occurred as computers are now an essential element of today's society. Large computers are used to track reservations for the airline industry, process billions of dollars for banks, manufacture products for industry, and conduct major transactions for businesses because more and more people now have computers at home and at the office. People commit computer crimes because of society's declining ethical standards more than any economic need. According to experts, gender is the only bias. The profile of today's non-professional thieves crosses all races, age groups and economic strata. Computer criminals tend to be relatively honest and in a position of trust: few would do anything to harm another human, and most do not consider their crime to be truly dishonest. Most are males: women have tended to be accomplices, though of late they are becoming more aggressive. Computer Criminals tend to usually be between the ages of 14-30, they are usually bright, eager, highly motivated, adventuresome, and willing to accept technical challenges.(Shannon, 16:2) It is tempting to liken computer criminals to other criminals, ascribing characteristics somehow different from 'normal' individuals, but that is not the case.(Sharp, 18:3) It is believed that the computer criminal often marches to the same drum as the potential victim b ut follows and unanticipated path.(Blumenthal, 1:2) There is no actual profile of a computer criminal because they range from young teens to elders, from black to white, from short to tall. Definitions of computer crime has changed over the years as the users and misusers of computers have expanded into new areas. When computers were first introduced into businesses, computer crime was defined simply as a form of white-collar crime committed inside a computer system.(2600:Summer 92,p.13) Some new terms have been added to the computer criminal vocabulary. Trojan Horse is a hidden code put into a computer program. Logic bombs are implanted so that the perpetrator doesn't have to physically present himself or herself. (Phrack 12,p.43) Another form of a hidden code is salamis. It came from the big salami loaves sold in delis years ago. Often people would take small portions of bites that were taken out of them and then they were secretly returned to the shelves in the hopes that no one would notice them missing.(Phrack 12,p.44) Congress has been reacting to the outbreak of computer crimes. The U.S. House of Judiciary Committee approved a bipartisan computer crime bill that was expanded to make it a federal crime to hack into credit and other data bases protected by federal privacy statutes.(Markoff, B 13:1) This bill is generally creating several categories of federal misdemeanor felonies for unauthorized access to computers to obtain money, goods or services or classified information. This also applies to computers used by the federal government or used in interstate of foreign commerce which would cover any system accessed by interstate telecommunication systems. Computer crime often requires more sophistications than people realize it.(Sullivan, 40:4) Many U.S. businesses have ended up in bankruptcy court unaware that they have been victimized by disgruntled employees. American businesses wishes that the computer security nightmare would vanish like a fairy tale. Information processing has grown into a gigantic industry. It accounted for $33 billion in services in 1983, and in 1988 it was accounted to be $88 billion. (Blumenthal, B 1:2) All this information is vulnerable to greedy employees, nosy-teenagers and general carelessness, yet no one knows whether the sea of computer crimes is only as big as the Gulf of Mexico or as huge as the North Atlantic. (Blumenthal,B 1:2) Vulnerability is likely to increase in the future. And by the turn of the century, nearly all of the software to run computers will be bought from vendors rather than developed in houses, standardized software will make theft easier. (Carley, A 1:1) A two-year secret service investigation code-named Operation Sun-Devil, targeted companies all over the United States and led to numerous seizures. Critics of Operation Sun-Devil claim that the Secret Service and the FBI, which have almost a similar operation, have conducted unreasonable search and seizures, they disrupted the

Ten Yiddish Expressions You Should Know

Ten Yiddish Expressions You Should Know Ten Yiddish Expressions You Should Know Ten Yiddish Expressions You Should Know By Michael For a language originally spoken only by Eastern European Jews, Yiddish has certainly found its way into common English. My wife was raised in a farming region in the American Midwest and never knew any Jewish people as a child, so she was surprised when I informed her that she uses Yiddish words all the time. Most Yiddish words comes from German, as well as Hebrew and the Slavic languages, but theyve entered the popular English language through the entertainment industry and East Coast American society. I like the sound of Yiddish words that begin with the letter S, especially sh, and here are some of my favorites. 1. shlep To drag, traditionally something you dont really need; to carry unwillingly. When people shlep around, they are dragging themselves, perhaps slouchingly. On vacation, when Im the one who ends up carrying the heavy suitcase I begged my wife to leave at home, I shlep it. 2. shlemiel A clumsy, inept person, similar to a klutz (also a Yiddish word). The kind of person who always spills his soup. 3. shlimazel Someone with constant bad luck. When the shlemiel spills his soup, he probably spills it on the shlimazel. Fans of the TV sitcom Laverne and Shirley remember these two words from the Yiddish-American hopscotch chant that opened each show. 4. shmooze Chat, make small talk, converse about nothing in particular. But at Hollywood parties, guests often schmooze with people they want to impress. 5. shmaltzy Excessively sentimental, gushing, flattering, over-the-top, corny. This word describes some of Hollywoods most famous films. From shmaltz, which means chicken fat or grease. 6. schlock Cheap, shoddy, or inferior, as in, I dont know why I bought this schlocky souvenir. 7. spiel A long, involved sales pitch, as in, I had to listen to his whole spiel before I found out what he really wanted. From the German word for play. 8. schmuck Often used as an insulting word for a self-made fool, but you shouldnt use it in polite company at all, since it refers to male anatomy. 9. shalom It means deep peace, and isnt that a more meaningful greeting than Hi, how are ya? 10. shtik Something youre known for doing, an entertainers routine, an actors bit, stage business; a gimmick often done to draw attention to yourself. Update: We published a new post with 40 Yiddish words that you should check out! Want to improve your English in five minutes a day? Get a subscription and start receiving our writing tips and exercises daily! Keep learning! Browse the Expressions category, check our popular posts, or choose a related post below:Dialogue Dos and Don'tsList of 50 Great Word Games for Kids and AdultsPredicate Complements

Outside speaker evaluation Essay Example | Topics and Well Written Essays - 250 words

Outside speaker evaluation - Essay Example In my view, regulatory measures should be put in place to address the increasing debate on socio-economic differences that has not be incorporated into mechanical engineers work policy (Reader, 2006). Taking the case of United States with superior engineering curriculum, the trainees and graduates exhibit high techniques. However, when it comes to foreign assignments, the disregard on local culture and political ideologies present significant challenge. In essence, engineers from developed economies with high skills are assigned in different countries where they tend to get higher pay and exploit the local workforce. Besides, there is a problem of cultural differences which necessitates introduction of multicultural tolerance among the engineers. Another critical issue is increasing trend of common language adoption by engineering firms. This lead to exclusion of non-native speakers in decision making sessions with significant isolation of local community interests while executing construction projects (Reader, 2006). I also believe that communication skills have evidently been overlooked while training mechanical engineers. Apart from the course specific report writing, concepts of intrapersonal and interpersonal skills have significantly showed poor results among several Engineers. This pose even a greater performance challenge both locally and internationally as this group of professionals strive to reconcile formal work procedures and interaction with the society from the social aspect. It is imperative that drastic measures are taken to initiate reforms on ethical codes and general mechanical engineering work policies. This should be done with the globalization view to capture the divergent skills and cultural affiliation of various

Why was OJ Simpson found not guilty in the criminal proceedings, and Essay

Why was OJ Simpson found not guilty in the criminal proceedings, and found liable in the civil proceedings - Essay Example y considered to have been poorly administered by the presiding judge (Lance Ito), and despite the introduction of considerable forensic and circumstantial evidence pointing to the defendant’s guilt, Simpson was acquitted in October 1995. However, in the civil trial alleging wrongful death and concluded in February 1997, the verdict was otherwise. This disparity in results has raised a number of questions concerning such matters as actual guilt, double jeopardy, and the like. In criminal litigation, the burden of proof is on the state. â€Å"The state [or ‘prosecution’] must prove that the defendant is guilty. The defendant is assumed to be innocent; [and therefore] the defendant needs to prove nothing†¦ [Furthermore,] in criminal litigation, the state must prove that the defendant satisfied each element of the statutory definition of the crime, and the defendant’s participation, ‘beyond a reasonable doubt’ [Standler, 2002].† Conversely, in civil litigation, while the initial burden of proof, as in criminal cases, falls to the plaintiff (paralleling the prosecution in a criminal proceeding), â€Å"when the plaintiff has made a prima facie case, the burden shifts to the defendant to refute or rebut the plaintiff’s evidence [Standler, 2002].† Equally important, in civil proceedings the requirement that the jury be convinced ‘beyond a reasonable doubt’ is replaced by a jury’s col lective satisfaction that the ‘preponderance of evidence’ points to the defendant’s guilt or negligence. In California, no one may be convicted in a jury trial criminal proceeding (vice trial by presiding judge alone), except in those instances when the jury is unanimously agreed on the defendant’s guilt. Conversely, in civil proceedings, the plaintiff prevails if nine or more of the twelve jurors concur in the defendant’s guilt or negligence. Since no formal punishment attaches to conviction in a civil proceedings, matters at issue that have been resolved in

Cash Flow Statements: Indirect Method

Cash Flow Statements: Indirect Method a) International Accounting Standard 7 (IAS 7) lays down the standards expected by companies when presenting information about changes in cash or cash equivalents. Under IAS 7, a company is required to present a statement of cash flow showing the changes in cash and cash equivalents from the three key areas of operating, investing and financing (Wheetman, 2006)[1]. The definition of cash and cash equivalents includes cash, as well as any other investments that are considered high liquidity and can be easily converted into a known amount of cash. When presenting cash flow statements, there are two main ways that are recognised by IAS 7: direct and indirect, although a preference is shown for the direct method. The direct method involves reporting the cash flow gross, as it happens, so that all cash out and all cash in are simply taken gross without any adjustments made for other factors. On the other hand, the indirect method shows the net cash flows once all other factors have been taken into account. It is not necessary for companies to use the direct method and due to the costly process of looking through all receipts and expenses, it is much more common for companies to use the indirect method (Schwartz, 1996)[2] . b) China World Limited (CWL), as is the case with many large companies, has opted to report its cash flow statements in an indirect way. The cash flow statement in the published accounts year ended 31st December 2007 reflects this choice fully; however, there is no discussion as to why the direct method was not used. During the preparation of the accounts, CWL has made several assumptions in order to produces the cash flow statements. For example, depreciation is accounted for during the cash flow statement, as it is not a true expense. When the profit figure, which is the starting point for the cash flow statements, is calculated, the depreciation is taken into account based on the depreciation policies being followed by the company. In the case of CWL, the property owned by the company is depreciated over 20 years, fixtures and fittings over a range of 5 to 10 years and motor vehicles over a period of 5 years. As these amounts are merely policy choices and are done on a straight line method, the actual amount allocated to depreciation has no immediate bearing on the actual cash flow statement and is, therefore, added back on to the ultimate net profit figure during the indirect method calculation. A similar approach is taken with amortisation of intangible assets where the initial costs of thes e assets are spread across the expected life span of the asset. This is not an actual cash movement and is, therefore, added back on to the final profit figure during the cash flow statement (Mills, 1991)[3]. Additional adjustments are then made to include cash based transactions such as interest receivable in an attempt to show a truly accurate picture of cash flow movement. Changes in inventory levels are assumed to reflect the amount of cash available, directly. This is not necessarily the case and it is merely an assumption that CWL has made for the benefit of the cash flow statement (Mills Yanamura, 1998)[4]. Other assumptions that have been made are likely to have an impact on the cash flow. For example, when calculating the net profits, there is an allowance made for bad debtors. This figure is purely an estimate based on previous experiences and the perceived risks associated with the various creditors that are related to the company at any time. In using the indirect method, these assumptions will still bear some relevance to the bottom line, meaning that a change of policy or assumption can have a direct impact on the way in which the cash flow statement looks (Barth, 2006)[5]. As CWL has international operations, it has to deal with the currency fluctuations that occur throughout the year. As the consolidated accounts are presented in pounds sterling, cash values in local currency need to be converted at the exchange rate between the country in which the transaction occurs and British sterling. CWL takes the approach of averaging the exchange rate over the period in which the transactions took place. This assumption is necessary as it simply is not possible to take an accurate exchange rate at the exact point in which a transaction is undertaken. However, it does have a potentially misleading impact on the cash flow statement. Appendix 1 contains a copy of CWL’s accounts as they would appear, had the direct cash flow approach been taken. c) The cash flow statement is merely one aspect of the financial analysis of the company’s financial status. Although cash flow and the liquidity of the company is vital in the overall health of the company, it is not the only measure of success. Firstly, let us consider the liquidity of the liquidity position of CWL. One of the most commonly used ratios is that of the liquidity ratio known as the current ratio. This shows the company’s ability to meet its current liabilities with its current assets. For true financial health, a company wishes to see a ratio that is as high as possible, and at an absolute minimum at least 1:1. In the case of CWL the ratio in 2007 was 1.905, which in itself is particularly healthy and is even healthier when it is compared with the previous year’s figure of 1.734. This increase in the current ratio is primarily due to better management of the money owed by creditors to the company. A further liquidity test is that of the acid test, which is similar in nature to the current ratio but shows a much starker picture as it looks at the ability of the company to meet its current liabilities purely by the use of cash or cash equivalents. In reality, this is a more realistic view of the company’s liquidity position as its main aim is to be able to pay any liabilities that are imminently due, without the need to cash in any other assets, even if they are considered current. In analysing the acid ratio, it is possible to see a different picture of CWL. Although the current ratio shows a particularly healthy liquidity position, it is clear that much of the current assets of CWL are tied up in inventories or in receivables (Chirinko Schaller, 1995) [6]. CWL should aim to manage receivables and inventories better in order to bring the quick ratio closer to the desirable 1:1 position. Although the figure of 0.508 falls considerably short of this ideal ratio, it is a v ast improvement on the 2006 figure of 0.383. As well as liquidity the profitability of the company should be considered. This is the view of how well the company is using its assets to produce a suitable rate of return. The main profitability ratio is that of gross profit margin. As CWL is a manufacturing based company, it is expected that the figure will be at the lower end of the scale; however, the figure of 35.95% is relatively healthy and shows a good rate of profit. Despite this, attention should be given to the cost of sales relative to revenues as they have dropped substantially since 2006 where the figure was 50.19%. This could be attributed to the acquisition of a new subsidiary. Therefore, it is anticipated that, in time, better use of the cost of sales will be made and the gross profit margin will recover to a figure closer to 50%. A final ratio of importance is that of the return on equity. As CWL relies heavily on the shareholders’ equity, it is of considerable importance whether or not the shareholders are receiving a good return on their investment. In its broadest terms, the return on equity ratio shows how much return the company is generating in return for every pound that is put into the company. As a general rule, the higher the return on equity ratio, the better the company is doing, although it should be noted that some companies that require little in the way of financial investment such as consulting firms will almost always have a better return on equity ratio than manufacturing firms such as CWL (Costales Szurovy, 1994)[7]. Once again, in studying the return of equity in relation to CWL, a downward trend between 2006 and 2007 can be seen. This is almost entirely due to the new acquisitions. Therefore, the direct investment in the consolidated company is considerably higher; yet, there has been insufficient time to allow this cash injection to be suitably used to generate increased returns. In a similar way to the gross profit margin, it would be expected that this figure would return to the 2006 figure rapidly and would in the long term be an improvement on the 2006 figures. It should be noted that when looking at these ratios the consolidated accounts have been used. There was a large acquisition made during the year within the group and this has had an impact on the ratios, during 2007. The overall health of the company in terms of liquidity and profitability is good and the slight apparent wobble in the figures will be reversed in the years to come due to the increasing investments being put into the ongoing expansion of the company. The calculations and details of the ratios referred to above are contained in Appendix 2. Appendix 1  Direct Cash Flow Cash flows from operating activities Cash receipts from customers 2,336,967 Cash paid to suppliers and employees (1,496,917) Cash generated from operations (sum) 840,050 Interest paid (8,615) Income taxes paid (52,188) Net cash flows from operating activities 779,247 Cash flows from investing activities Proceeds from the sale of equipment/assets (60,247) Interest received 3,336 Acquisition of subsidiaries (88,209) Net cash flows from investing activities (145,120) Cash flows from financing activities Issue of ordinary share capital 202,500 Costs of issue (13,750) Investment from minority interests 48,360 Interest paid (8,615) Proceeds from bank borrowings 138,172 Net cash flows from financing activities  366,667 Appendix 2 – Ratios Relating to CWL Ratio Calculation Figures Result Current ratio 2007 Current assets / current liabilities 2,284,972 / 1,199,264 1.905 Current ratio 2006 Current assets / current liabilities 1,187,951 / 684,896 1.734 Quick Ratio 2007 Current assets (cash equivalents) / Current liabilities 609,391 / 1,199,264 0.508 Quick Ratio 2006 Current assets (cash equivalents) / Current liabilities 262,080 / 684,896 0.383 Gross Profit Margin 2007 (Revenue Cost of sales) / Revenue (2,336,967 -1,496,917) / 2,336,967 35.95% Gross Profit Margin 2006 (Revenue Cost of sales) / Revenue (1,064,479 530,234) / 1,064,479 50.19% Return on Equity 2007 Net income / total equity 266,372 / 3,148,576 8.46% Return on Equity 2006 Net income / total equity 155,506 / 1,133,966 13.71% Bibliography Barth, Mary E., Including Estimates of the Future in Todays Financial Statements, Accounting Horizons, Vol. 20, 2006 Carslaw, Charles A., Mills, John R., Developing Ratios for Effective Cash Flow Statement Analysis, Journal of Accountancy, Vol. 172, 1991 Chirinko, Robert S., Schaller, Huntley, Why Does Liquidity Matter in Investment Equations? Journal of Money, Credit Banking, Vol. 27, 1995 Costales, S.B., Szurovy, Geza, The Guide to Understanding Financial Statements, McGraw-Hill Professional, 1994 Elliott, Barry, Elliott, Jamie, Financial Accounting, Reporting and Analysis: International Edition, Pearson Education, 2006 Mills, John R., Yamamura, Jeanne H., The Power of Cash Flow Ratios, Journal of Accountancy, Vol. 186, 1998 Schwartz, Donald, The Future of Financial Accounting: Universal Standards,  Journal of Accountancy, Vol. 181, 1996 Shim, Jae K., Siegel, Joel G., Financial Management, Barrons Educational Series, 2000 Weetman, Pauline, Financial Accounting: An Introduction, Pearson Education, 2006 Footnotes [1] Weetman, Pauline, Financial Accounting: An Introduction, Pearson Education, 2006 [2] Schwartz, Donald, The Future of Financial Accounting: Universal Standards, Journal of Accountancy, Vol. 181, 1996 [3] Carslaw, Charles A., Mills, John R., Developing Ratios for Effective Cash Flow Statement Analysis, Journal of Accountancy, Vol. 172, 1991 [4] Mills, John R., Yamamura, Jeanne H., The Power of Cash Flow Ratios, Journal of Accountancy, Vol. 186, 1998 [5] Barth, Mary E., Including Estimates of the Future in Todays Financial Statements, Accounting Horizons, Vol. 20, 2006 [6] Chirinko, Robert S., Schaller, Huntley, Why Does Liquidity Matter in Investment Equations? Journal of Money, Credit Banking, Vol. 27, 1995 [7] Costales, S.B., Szurovy, Geza, The Guide to Understanding Financial Statements, McGraw-Hill Professional, 1994

“the Rapid Expansion of International Financial Market Since Early 1980s Have Integrated the World Economy”. Discuss.

â€Å"The rapid expansion of international financial market since early 1980s have integrated the world economy†. Discuss. The international financial system is a structure of markets within which organizations and individuals trade to support economic commitments made across national borders where buyers and sellers participate in the trade of assets such as equities, bonds, currencies and derivatives. Financial markets are typically defined by having transparent pricing, basic regulations on trading, costs and fees and market forces determining the prices of securities that trade.The international financial market expands rapidly including money and derivatives since early 1980s. The increased integration of financial systems has involved greater cross-border capital flows, tighter links among financial markets, and greater presence of foreign financial firms around the world. The expansion in international financial market also means that establishment and expansion of inte rnational investment banks/ firms such as Crosby, Morgan Stanley, JP Morgan, UBS, Franklin, Templeton, Barney & Smith, Union Bank in Swiss etc.Such firms created varieties of investment fund such as hedge fund and mutual trusts. The expansion of such investment funds has enhanced volume of foreign policy initiative (FPI) in the world economy. The role of short term (mainly portfolio capital) increased in world economy. Capital in the international financial market can be classified into two types, which is short-term Intra-Bank Loan, which maturity less than one year and portfolio investment (investment in money, bond, stock and derivatives). Mobility of these investment very high, outflow and inflow very fast.Besides that, volume of short-term capital mobility (STC) also increased dramatically in the world economy. Currency used in trading in international capital market which dominated by industrial/rich nations are in US Dollar (US$), DM/Euro and Yen. US dollar is the main vehicl e currency used in the market (above 55%). There are few reasons why STC/FPI dominated international economy. The first factor is elimination of capital and currency controls or liberalisation of capital account of Balance of Payments. This has stimulated inflow of STC to international capital market including capital market in developing countries, i. emerging economies. Next, technology development information increases the rapid development of international market and the speed of transaction in the market. The technology enables a deal done within a minute. Furthermore, no international financial and architecture (IFA) to supervise or control movement of portfolio capital including activities and expansion of financial institutions is another determinant of domination of STC/FPI in the economy. The rapid expansion of financial market is due to parity established at Bretton Woods in 1960s this crisis marked the breakdown of the system.An attempt to revive the fixed exchange rates failed, and by March 1973 the major currencies began to float against each other. The speculative pressure force closure of international foreign exchange markets for nearly two weeks, the market reopen on floating rate for major industrial countries. The Jamaica Agreement by IMF further legalizes the floating exchange system and increased the role of US currency in international economy. As a result, gold is demonetize as a reserve asset, the role of US$ in international economy increased thereafter.International financial market factors enable expanding and creation of various instruments or product of financial market including derivative (swaps, option, future, forward). At the same time, many countries have encouraged inflows of capital by dismantling restrictions and controls on capital outflows, deregulating domestic financial markets, liberalizing restrictions on foreign direct investment, and improving their economic environment and prospects through the introduction of ma rket-oriented reforms The rapid expansion of international financial markets had brought several impacts to the world economy.International financial market indirectly integrated. The rapid expansion of international financial market will lead to volatility in most of financial products/ portfolios such as currency, interest rate, equities are larger. Moreover, the speed of trading will become very fast and in large scale. For example the new money fueled a level of inflation never before seen in modern Mexico; the inflation rate eventually surpassed 100 percent annually. The administration chose to ignore warning signs of inflation and opted instead to increase spending.Apart from that, movement of asset prices may relate to â€Å"herding behavior†, irrational behavior of investors and caused contagion in the markets. Contagion refers to the transmission of a currency crisis throughout a region. Contagion effect of international financial markets is more severe and fast than to commodity markets. In addition, if crisis emerged in major markets it spread quickly to other regions. For instance, any shocks to financial sector in developed countries let say New York Stock Exchange drop will affect or bring other stock bourses around the world.Furthermore, transmission from the financial market to the real sector will be affected subsequently. The expansion of financial markets have bring benefits which are rapid spreading of technological advances, financial innovation as well as, more generally, financial performance to the various parts of the globe. In a global financial market, technological advances in payment, settlement and trading systems as well as in financial information systems can be made available to all market participants instantaneously.And advances in financial technology such as trades and other derivatives have made it possible to take advantage of many new financing opportunities. Reductions in the â€Å"costs of transport and transmi ssion of data† as well as the cost of acquiring, processing and storing information have played a significant role in furthering the process of globalization. Besides that, the expansions of financial market will led financial institutions compete with each other to provide benefits to the domestic financial market.The bigger, more robust the market, the more attractive it will be to competitors. There are still many competitors large enough to attempt to secure a prominent position in the market, though the identity of these competitors has changed considerably over time. Therefore, in open financial markets the entry of foreign financial institutions into domestic financial markets can bring sizeable benefits, as increased competition can help to enhance efficiency in the financial sector. In conclusion, a new global economic and financial system is evolving at a rapid pace right before our eyes.Financial integration has given access to world capital markets to more people, providing for a better allocation of savings and investment as well as more and sophisticated instruments to better manage risks. At the same time, however, it has also brought new global challenges. It can be overcome in two dimensions: on the internal side, by strengthening its macroeconomic fundamentals and continually revising its legal and regulatory frameworks; and, on the external side, by adopting a more active role within the global community of central banks, regulators and other uthorities to improve the international financial architecture. References: Stijn Claessens and Sergio L. Schmukler. (2007). IMF Working Paper: International Financial Integration through Equity Markets: Which Firms from Which Countries Go Global? Retrieved from http://www. imf. org/external/pubs/ft/wp/2007/wp07138. pdf Otmar Issing. (2000). The globalisation of financial markets. Retrieved, from http://www. ecb. int/press/key/date/2000/html/sp000912_2. en. html Fukao. M and Hanazaki. M.Internatio nalisation of Financial Markets and The Allocation of Capital. Retrieved from www. oecd. org/dataoecd/21/19/35589290. pdf Roy C. S. Globalisation of Financial Market. Chapter 1: Integration of World Financial Markets: Past, Present, and Future. Retrieved from http://media. wiley. com/product_data/excerpt/10/04712292/0471229210. pdf Rodrigo, d, R. (2007) International Monetary fund. Economic Growth and Financial Market Development: A Strengthening Integration. Retrievedfrom http://www. imf. org/external/np/speeches/2007/082207. htm

What Is the Immigrants American Dream?

?NANA YAA DWUMAAH ENG 102 B PROPOSAL What Is The Immigrants American Dream? If one is asked the future of this country, it is going to be a long debate and an unending talk about the failures and achievements of America. This is because different people see the same subject in different light. The phrase â€Å"American Dream† has made thousands of people leave their native country boldly in search of all that they deem impossible in their country to be possible here. This is why when asked, what the future of this country holds for its people, it will leave the people divided. Dr. Martin Luther King best defines the American dream when he exquisitely explains the Declaration of Independence. He highlights the fact that the American dream is not for a specific race or religion and that all its benefits, that is a right to life and right to liberty includes all mankind. These majestic words within which lies the American dream is what people everywhere search for in their country. They thirst for this dream, making the American dream a dream for all mankind and not only its natives. This is why America is country of people from so many racial and national backgrounds in search of a dream. Whereas Americans do not see how far this country has come, it takes only the immigrants to have them truly value their country. Being an American, yet growing up in Africa makes this issue very interesting since I can relate to both sides. The idea of the American Dream is rooted in the second sentence of the Declaration of Independence which states that â€Å"all men are created equal†. This statement is also backed by James Truslow Adams interpretation of the American Dream which states that, citizens of every rank should be able to achieve a â€Å"better, richer, and happier life. † Hence there are no exceptions to who can and cannot pursue the American dream. In the American dream, Dr. Martin Luther King states, â€Å"Never before in history of the world have so many national backgrounds assembled together in one nation. And somehow if we can’t solve the problem in America the world can’t solve the problem, because America is the world in miniature and the world is America writ large. And God set us out with all of the opportunities. † He then further states, â€Å"Are we taking this seriously? ‘All men are created equal. ’† (Juchartz 105). This is what I also question. This dream, I feel has been misinterpreted by immigrants, or better still immigrants have been lured at the forefront to hold on to this dream because it states â€Å"All men are created equal,† and perceive themselves as equal citizens of America. In reality, there are so many barriers rooted in the American system including racism, strict immigration laws that have prevented immigrants from sharing in this dream. It should be taken into account that if an individual is not a citizen he or she cannot benefit from what the country has to offer. Though the dream includes all men, race and religion, immigrants or the person outside the white American mainstream are perceived as threats to empire building and remain outsiders. This is what I mean when I retort that, the dream has been misinterpreted across various levels of people in America. I believe that the upper class and the lower class do not have the same benefits from this dream, but have similar notions of what it should be, equality for everyone. Even though some immigrants might have managed to make a better life out of this dream some immigrants living in this country can barely make ends meet just because the American dream no longer provide a hope for a better, richer and happier life. In today terms it is just about living in a western country and experiencing perhaps modernity. It beats my imagination when I think about the forces that drive immigrants to leave their native country in search of this dream sometimes risking their lives, leaving loved ones behind irrespective of the difficulties ahead. Maybe it is just to pursue a better education like myself or to earn money.