Job Discrimination Based on Black Womens Hair - Free Essay Example

Sample details Pages: 3 Words: 843 Downloads: 7 Date added: 2019/03/29 Category Society Essay Level High school Tags: Discrimination Essay Did you like this example? On December 15, 1791, the First Amendment was passed. This amendment stated, Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the Government for a redress of grievances. In conclusion, it granted people the right to practice whatever religion they desired and the right to express themselves freely as long it was peaceful. Don’t waste time! Our writers will create an original "Job Discrimination Based on Black Womens Hair" essay for you Create order In modern day life, we express ourselves through a numerous amount of things such; words, gestures, poster-boards, clothes, tattoos and even through the way we wear our hair. Expressing our indentity through hair has always been a big deal in the African American community for many centuries. Unfournately, there are limits of how one can wear their hair when it comes to certain workplaces. Many jobs will not hire someone who they believe has an extreme hair color, hair style or hair length. This negatively affects the black community because many of our natural hairstyles have been known to fall under these subjective catorgoeries. Which inflicts a sense of shame on black women because of the negative notations given by society againist natural black hair, this it causing more and more black women to go to extreme measures just to meet specfic beauty standards, rather than embrance their natural kinky hair. Work policies like these are unfair to certain cultrual group such as, Africa n American, therefore, is beginning to raise conflict many work places, to reduce these issues Title VII should be altered to protect the rights of natural black hairstyles. A woman, named Chasity Jones, was asked to come in for an interview at Catastrophe Management Solutions. Jones arrived to the interview us suggested, dressed very profressionally ,with her hair in short dreadlocks. She was asked the job, given that she was qualified for the position, but there was thing standing in her way, her hair. She was told by the HR manager that she could not recieve the position wearing dreadlock. When Jones asked why, she was told, they tend to get messy, although Im not saying yours are , but you know what Im talking about. Offended by this statement, in 2013 in Mobile, Alabama, Jones decided to filed a lawsuit against Catastrophe Management Solution for racial discrimination. Unfortunately, the case was ruled againist Casey Jones. Claming Catastrophe Management Solutions policy stated, hairstyles reflect a business/professional image and no excessive hairstyle or unusual colors are acceptable. Using this as a defense statement againist dreadlocks. Also, Ca tastrophe Managemnt Solutions policy did not violate Title VII , so it was allowed. Thankfully, Casey Jones declined this job offer because she refused to change her hair. She didnt let socitety pressure her into meeting Eurocentric beauty standards. Policies such as these only support negative sterotypes given by white supermacist stating natural black hair is not professional, less attratctive, messy and nappy. These type of comments belittle black women with natural hair, causing many to use harsh chemicals, excessives amount of heat and wigs, just to achieve long straight hair that look acceptable. Black womens hair have been important to them for many generations. Stated by, Ayana Byrd and Lori Tharps, in their book tittled, Hairstory: Untangling the Roots of Black Hair in America, a book about repetitive insults on black hair, In the fifteenth century hair functioned as carrier of messages in most West Africa. Which explains why when Africans were first captured they were forc ed to shave their head and wear head scarfs to prevent the slave oweners husbands from finding an intrest in it and to prevent them from communciating with one another. Today, black women find pride in how because of their hair textures, they can be very versatile with their hairstyles. Black women express their styles, their emotions and more through their hair. This right should be protected under Title VII. Over the years, has expanded from discrimation of race, sex, religion to sexual harrasement. Telling someone that they cant work at an establishment because they wear their in a certain way is an oppinated and discriminative policy and should be protected under Title VII as hair discrimation. In conclusion, African American hair has held importantance for many centuries from the slaves days, when hair was used to communicate to modern days when hair is used as an expression of ones style. Unlike other races, natural Black hair contains a diffrent texture causing it to require more maintenace and having a limited of hairstyles. This can cause conflict in some work environments because many styles worn by black women with natural hair are prohibited. There policies are similar to white supermacist sterotypes. They are also offensive to African American, leading black women to use harmful chemicals, severe amounts of heat and wigs to mask their natural roots and meet societies beauty standards. These policies are disturbingly legal because it is not covered under Title VII, but should be because it is discrimatory against people who wear diffrent types of hair styles.

Harassment on Women - 2236 Words

Harassment: The effects of â€Å"eve teasing† on development in Bangladesh The Hunger Project †¢ 5 Union Square West †¢ New York, NY 10003 †¢ www.thp.org Imagine for a moment that you are an eleven year old girl in Bangladesh. After helping your mother cook and serve breakfast, you are preparing for school. You should be excited. You like learning and school provides a reprieve from the drudgery of household chores. But you are not excited. Instead, you are filled with dread. That is because every day, on the long walk from your house to school, you are surrounded and teased by a group of boys. The boys yell indecent things at you. They laugh. They push, pinch, and grab at you. Sometimes they pull at your clothes so violently that you are†¦show more content†¦With education comes the confidence and the courage to ask questions and raise a voice against injustice. Educated women take active roles in economic and political decision making and are more likely to resist physical abuse at home.9 Education helps women make calculated decisions about their futures. If a woman goes to school, she becomes an educated mother who has b asic health care knowledge. An educated woman is less likely to die in pregnancy or childbirth, she provides better nutrition for her children, and she has fewer of them.10 UNICEF reported in 2007 that when mothers are educated through primary school, the mortality rate for their children is halved.11 Access to education passes through generations; an educated mother is two times more likely to send her child to school than an uneducated mother.12 Early Marriage Through the same process in which eve teasing pushes girls out of education, girls who are harassed are also pushed into marriage, before they are physically or mentally prepared. Half of Bangladeshi girls are married before they reach 15 years old,13 and they usually bear their first child while they are still teenagers. Adolescent girls face the risks of childbirth often without medical care and have a high incidence of maternal mortality. Mothers in aged 15 to 19 face a 20 to 200 percent greater chance of dying in pregnancy than women aged 20 to 24.14 There are further implications of child marriages. BangladeshShow MoreRelatedSexual Harassment Of Working Women1870 Words   |  8 PagesSEXUAL HARASSMENT OF WORKING WOMEN IN LUCKNOW CITY: A PSYCHOLOGICAL STUDY Dr. Rashmi Saxena Assistant Professor Department of humanities Shri Ramswaroop memorial group of professional colleges An ISO 9001:2008 certified College Tewariganj, Faizabad Road, Lucknow-226028 Email: rashmi_phd1979@rediffmail.com Mobile No. 9453947514 ABSTRACT Violence against women takes many forms and it is universal in all societies. Women were sexuallyRead MoreDiscrimination And Harassment Against Women1349 Words   |  6 Pages Throughout the 20th century, women were often seen as eye-candies and mannequins at work, and in many cases, they even encounter sexual molestation. Discrimination and harassment against women is still prevalent in the workplace. During the 2013 fiscal year, Courts enforced 7,256 charges of sexual harassment, out of which, women comprised 82.6 % of victims, while there were 27,687 cases of gender discrimination. Our era has seen new conventions and legal philosophies, which are steering towardsRead MoreSexual Harassment And Its Effects On Women1606 Words   |  7 PagesSexual harassment is a term that describes behaviors that women have endured for ages. The phrase -harassment- comes from an old French phrase for being pursued by dogs. The mere imaginative and prescient this conjures up should make it easy to narrate to the emotions attached to such an undesirable pursuit. Add to this a historical past of horrific healing, unequal popularity, attitudes and insurance policies designed to preserve women s inferior role in society, and we will only assume the levelRead MoreWomen s Discrimination And Harassment2119 Words   |  9 PagesFor centuries, women in the U.S. military have had a tough time due to all the discrimination, harassment, and sexual assault just because our society’s fundamental belief is that going to war and protecting our homes is a man’s work. The discrimination and harassment occurs since women are entering an all-male dominated area, and are seen as â€Å"outsiders.† However, as a male in the AFROTC program, I have seen numerous well qualified women who can take charge and lead better than a lot of males canRead MoreSexual Harassment in the Workplace against Women1569 Words   |  6 Pagesmain cause here is that supervisors are ofte n perpetrators, and often are not qualified for their job title as they appear to be. â€Å"Sexual harassment in the workplace is only there because the people at the top condone it and maybe practice it themselves (Jim Vince).† There are two types of sexual harassment in the workplace. One type is Quid pro quo: Sexual harassment that occurs when a job benefit is linked to whether an employee agrees to any unwelcome sexual advances. That means agreeing to go onRead MoreEeoc and Sexual Harassment of Women in the Workplace2769 Words   |  12 PagesEEOC and Anti-Sexual Harassment and Discrimination Regulations And The Effects on Women within the Workplace Table of Contents Introduction†¦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‚¬ ¦ Pg 3 Definition of Sexual Harassment†¦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‚¬ ¦.†¦ Pg 4 Theoretical Perspectives†¦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‚¬ ¦..Pg 4-10 Conclusion†¦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‚¬ ¦..†¦. Pg 10 Abstract†¦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‚¬ ¦...†¦. Pg 11 References†¦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‚¬ ¦.†¦. Pg 12 Introduction Women, today, have a lot more influenceRead MoreWorkplace Harassment : 7 Tips Women752 Words   |  4 PagesWorkplace harassment: 7 Tips Women Can Use to Address Sexual Harassment Matters of workplace harassment has been a controversial issue as it is one of the most sensitive areas of effective workplace management. Workplace harassment is the belittling or threatening behavior directed at an individual worker or a group of workers. Workplace harassment is also known as mobbing, workplace bullying, workplace mistreatment, workplace aggression and workplace abuse. A prominent form of workplace harassment is sexualRead More Harassment and Abuse of Women in the Military Essay1055 Words   |  5 Pages Women all around the world who are in the military are constantly getting harassed and raped by the soldiers and there is nothing that anybody is doing about it. There are many solutions that have been tried to prevent women abuse in the military, but many of them have failed. For example, the government, a few years ago made it clear that they were not going to tolerate any harassments from anybody, yet they did not keep their word. A few years ago, the government tried toRead MoreAmerican Women s Experiences With Street Harassment1204 Words   |  5 Pagesaround the world. Individuals experience street harassment daily. Street harassment is any form of unwanted verbal or physical harassment sexual in nature. This paper will discuss American women s experiences with street harassment. We’ll begin with looking at: Who street harasses? Why they street harass? And lastly, the desired effects compared to actual effects of street harassment? These questions will set up a foundation to view what street harassment says about larger society and the perceptionRead MoreHarassment Towards Women Playing Educational Sports1657 Words   |  7 Pagesthere was a great deal of harassment towards women playing educational sports. This new amendment to the Civil Acts, broke down the barriers for women, and demanded proportionality between mens and womens athletic programs. Due to the way of society 35 years ago, Tit le Nine was necessary for women to receive equal rights in educational sports. Title Nine, an act passed in 1972, prohibits discrimination in all areas of education and provides equality for both men and women in education systems. However

Serial Killer and Cannibal Hadden Clark

Homeless and Neglected Children in the 19th Century Essay...

Homeless and Neglected Children in the 19th Century In his novel Huckleberry Finn, Mark Twain creates a fictional character that must confront very real problems as a result of cultural and social issues of the time. Many of these such issues, slavery and race relations being the most prominent, are dealt with significantly by the author, but another issue not addressed in any sort of overtly significant manner is the plight of homeless, neglected, and otherwise abused children in the 19th century. While Twain in no way attempts to create a commentary on these issues, one cannot avoid focusing on the situation in which he has placed his protagonist. On the surface, Twains words seem to convey a relatively light-hearted†¦show more content†¦Huck is also met with a variety of potentially life threatening situations during his time running and hiding with Jim. Again, Huck is a mere figment of the authors imagination; therefore, when confronted with a dangerous situation, he is able to make correct choices for himself, at the young age of 12. It is hard to believe that most real world 12-year-old children would be capable of making the same good choices when left to their own devices. Granted, Huck was accustomed to a life of neglect, which would feasibly enable him to deal better with the atrocities and demands of his particular situation, but the sadness lies in the fact that he had become accustomed to such a life in the first place. In today’s world, children are seen as individuals who have certain rights as human beings, and who are worthy of external (or non family) protection. This has not always been the case. For the better part of the 19th century, there were no rules or regulations in effect that prevented the mistreatment of children, since they were thought to be completely under the control of their immediate family (University of Delaware). It was not until 1874 that the first organization concerned with the protection of children was established in New York. The group called themselves the Society for the Prevention of Cruelty to Children (SPCC), after the Society for the Prevention of Cruelty to Animals (SPCA), which was an organization in England that hadShow MoreRelatedThe Industrial Revolution and the Technological Revolution812 Words   |  3 Pagesexcess reservations about its use. The Industrial Revolution made the United States the most dominate and powerful country. The Industrial Revolution was a time of change in the economy of Europe as well as the U.S starting in the 18th century through the 19th century. A large population of farmers left the farm and began making a living by performing factory work in the cities. The second Industrial Revolution was a period of rapid growth with U.S manufacturing in the 1800s. By the mid-1890s the URead MoreFoster Care System Final Essay3845 Words   |  16 PagesFoster Care System: Children without families SOC 331: Social Justice and Ethics Bernie Colon November 14, 2011 Raising children is one of the most important responsibilities in any society. Today, working parents have many options, but what about those children who have neither a mother nor father? What about those children who come from broken and abusive homes? In such cases there are often few choices. Parentless children may be placed in orphanages or in foster homes. Ideally, foster careRead MoreEthical Principles And Critical Thinking Practice1948 Words   |  8 Pagescase they recognize, support and build on strengths shown in each client. Engaging in research and informal practices are proactive in responding to the impact of context on professional practice. As a profession, social work originated in the 19th century as a movement, primarily experienced within the United States and the United Kingdom. After the demise of feudalism, those in poverty were looked at differently, so the government formed the Poor Law and created an organized system to provide careRead MoreStreet Childre n17655 Words   |  71 PagesEmu Chaci, I am looking forward to be Dad for your children. Kidu Messfne thank you for all. FEGEGTE Children’s Island: I am humbled to be the witness of your good work to the children on the streets of Soddo and I am grateful to the early financial support, it was been the cornerstone on what this research stood upon. To the street children participated in this study: Ayname, Zewde, Milli, Bekele, Kero, Kontoaw’ and all the remaining children, I couldn’t have managed all without you providingRead MoreExistentialism vs Essentialism23287 Words   |  94 Pagescontributions tophenomenonology  and  existentialism. Being and Time Heidegger spent most of his career dealing with the concept ofbeing, and his most famous work,  Being and Time, is an exploration of the nature of being. Being, Heidegger thought, has been neglected since the birth of Western philosophy. The ancient Greek philosophers began a tradition, according to Heidegger, by describing being only by objects that are beings, rather than attempting to understand the nature of being — that is, what it means  toRead MoreOne Significant Change That Has Occurred in the World Between 1900 and 2005. Explain the Impact This Change Has Made on Our Lives and Why It Is an Important Change.163893 Words   |  656 PagesCataloging-in-Publication Data Essays on twentieth century history / edited by Michael Peter Adas for the American Historical Association. p. cm.—(Critical perspectives on the past) Includes bibliographical references. ISBN 978-1-4399-0269-1 (cloth : alk. paper)—ISBN 978-1-4399-0270-7 (paper : alk. paper)—ISBN 978-1-4399-0271-4 (electronic) 1. History, Modern—20th century. 2. Twentieth century. 3. Social history—20th century. 4. World politics—20th century. I. Adas, Michael, 1943– II. American HistoricalRead MoreProject Mgmt296381 Words   |  1186 Pageswave This page intentionally left blank Project Management The Managerial Process The McGraw-Hill/Irwin Series Operations and Decision Sciences OPERATIONS MANAGEMENT Beckman and Rosenfield, Operations, Strategy: Competing in the 21st Century, First Edition Benton, Purchasing and Supply Chain Management, Second Edition Bowersox, Closs, and Cooper, Supply Chain Logistics Management, Third Edition Brown and Hyer, Managing Projects: A Team-Based Approach, First Edition Burt, Petcavage, and

Bank and Fidelity Free Essays

In the ever changing banking industry, First Fidelity Bancorp had grown to be one of the largest holding companies of eight financial institutions and over 500 branches. Their growth has been through the acquisitions of other smaller institutions and internal growth generated by strong relationships with customers. This growth has come at a cost and First Fidelity has been left with a complicated mix of systems, operations, and organizational culture. We will write a custom essay sample on Bank and Fidelity or any similar topic only for you Order Now First Fidelity allowed the eight financial institutions to operate totally independent of each other and the corporate office solely managed the integration of the financial reporting responsibilities. The non-integration of systems and operations has also left First Fidelity with higher costs and the need to make changes which will allow them to be competitive in the future. By the early 1990’s First Fidelity had begun to integrate some of the operational functions, but had yet to connect them further. Due to changes in banking regulation, the US government had begun cracking down on new rules on financial reporting, asset quality, and capital requirements for the banks. The government wanted better controls from upper management and the only way First Fidelity could accomplish this was to integrate systems, management, and combine all eight financial institutions into a more consolidated with less autonomous feel. Management made this their highest priority and put a strict deadline of 18 months on this task. This deadline put two major decisions directly ahead of First Fidelity, organizational structure and method of achieving the full integration. In order to evaluate the full impact of their decision on organizational structure changes, First Fidelity looked at the following criteria: †¢ Cost Effectiveness †¢ Responsiveness to Business Needs †¢ Responsiveness to Individual Needs †¢ Ability to Standardize Products and Service Offerings †¢ Ability to Support Outsourcing Options †¢ Ability to Support Acquisitions †¢ Service/Quality Orientation/Incentives While these criteria would decide what organizational structure First Fidelity would have, they also had to decide how the rationalization and consolidation plan should be conducted, internally, through the use of consultants, or through outsourcing. First Fidelity saw outsourcing as the most viable solution to their problem and felt it would best serve the company by achieving the goals in the desired time frame. First Fidelity has recognized several potential outsourcing vendors and determined the advantages and disadvantages of each vendor. Their decision now must be to select the proper vendor who will provide them not only with the services needed to move them through the rationalization and consolidation process, but one which will provide quality services and cost savings to First Fidelity for years to come. Changes to Organizational Elements The major change First Fidelity will be forced to deal with is the change to their organizational structure and hierarchical relationships within the firm. Prior to the rationalization plan, First Fidelity operated as eight separate financial institutions. Decisions were made independent from each other and there was no single person to oversee all operations from the holding company point of view. When Don Parcells was put in charge of all operations, and improvements were needed immediately, he put a plan in place to consolidate functions and make First Fidelity a more cost efficient organization. In order for this to become a success, First Fidelity was going to first have to restructure their separate cultures into a single unified culture. Parcells was planning on consolidating the separate operations and systems which the eight banks used. To make this a success, all parties need to be thinking in the same direction and accepting of the upcoming changes. Parcells task of unifying First Fidelity under these same systems would not be a success if the current management did not understand the reasoning behind the changes and understand the â€Å"big picture† of increased profits and long-term sustainability of First Fidelity. Current management would also be forced to deal with changes in management structure. This will give the First Fidelity corporate office more control over the eight banks and ensure the banks operate in a consolidated manner once the initial changes are implemented. Systems Integration The importance of systems integration goes well beyond the cost efficiencies First Fidelity hopes to experience. The system changes will put one face on the eight financial institutions and will provide them with the ability to accomplish many of the goals mentioned before under the criteria for organizational structure changes. First Fidelity should also take this opportunity to take advantage of the best practices which can be found through their analysis of their own internal operations and systems, external competitors, and the potential third parties they are analyzing for outsourcing opportunities. As the 25th largest bank holding company, First Fidelity has the potential to take advantage of improvements in technology. By decreasing their transaction costs through technology, First Fidelity’s high volume will allow them to take advantage of economies of scale. An integration of systems will also make First Fidelity a much more attractive candidate for merger activity. They will either be able to expand and make new acquisitions integrate more smoothly into the First Fidelity family, or make themselves more attractive as an acquisition target. Outsourcing at First Fidelity First Fidelity is in a very difficult situation. The short time period in which First Fidelity has to turn around its operations and systems does not ffer First Fidelity many options. They are seeking a simple solution to a problem which should have been addressed a decade earlier when they had begun merging the banks under one holding company. When considering the use of outsourcing, businesses should not rush this decision and should analyze what functions and how important these functions are to the business. As a general rule, core functions should not be outsourced to third party vendors. Only non-core functions should be considered, and only when significant cost savings will be made and the vendor offers a long-term, high quality service which will not have a negative impact on the customers of the outsourcing firm. First Fidelity needs to consider whether their systems and operations are part of their non-core functions and will truly add value through cost savings. Long Term Implications of First Fidelity Decision First Fidelity’s decision to outsource will have long term implications on the future of their banking operations. When First Fidelity began investigating the decision to outsource in 1990, one important variable would be the future of banking and which technologies would be the future of bank operations. The upcoming jump in the use of technology in banking will have a major impact on the systems necessary to be successful in banking. This offers even greater risk for outsourcing, since First Fidelity will be giving up much of their control of their technology. The Decision and Future of First Fidelity. First Fidelity did decide to use EDS as the company which will handle their software systems and data center operations. The contract was valued at $450 million over ten years and was considered the largest outsourcing contract for financial institutions at that point in time. In 1996, First Fidelity merged with First Union, in what was then considered one of the largest mergers in the banking industry, and made First Union an imposing force in banking along the east coast of the United States. One of the major factors for the merger was to add additional economies of scale to First Union’s operations and to decrease the high costs of technology which banks were experiencing. First Fidelity’s decision to integrate their systems in 1990 came at an integral point in time for the bank holding company. It provided them with cost savings and made them a strong acquisition target by un-complicating their systems and making their operations more efficient. How to cite Bank and Fidelity, Papers

International Finance Science and Business Media

Question: Discuss about the case study International Finance for Science and Business Media. Answer: Introduction: Blades will have to incur $94500 if it uses the call option with exercise price of $0.00756 and $99000 for the call option with exercise price of $0.00792. It has to pay option premium of $1890 for the first option and $1417.5 for the second option. Therefore, the company has to bear total cost of ($94500+$1890) $96390 for the first option and ($99000+$1417.5) $100417.5 for the second option. Therefore, it can be stated that if Blades does not consider the future price then it should use the call option with the exercise price of $0.00756 to hedge its yen payables. On the other hand, The future price is expected to be lesser than both the exercise prices. Hence, if the company considers the future price for decision-making, it should go for the exercise price of $0.00792, as the loss on option premium will be lesser for this exercise price than the exercise price of $0.00765 (Jacque, 2013). The company may allow its yen position to be unhedged as the market forecasts exhibits that the future price will be lesser than both the exercise price. Moreover, yens future value was not affected by the uncertainty, caused by the recent event. Hence, it can purchase the supplies through future contract But it should be noted that the future prices are forecasted on part risk calculations and part assumptions. Therefore, it cannot be 100% accurate all the time. Moreover, as stated in the case study, the historical records shows that the yens value was highly volatile. Therefore, the company should hedge its yen payables to avoid the risk factors related to the foreign currency exchange (Kroencke et al., 2014). It is expected that the future purchase price of yen in dollar will fall from $0.0072 to $0.006912. It means that the value of yen is expected to increase in future. Therefore, the speculators, who attempt to capitalize the yens movement over 2 months, will surely become willing to buy yen now at the future spot rate. The more the speculators will buy yen at the specified spot rate, the more the demand of yen will increase, which, on turn, will create upward movement in the future value of yen. This practice will continue until the future value of yen become equal to $0.006912. The expected cost of the contract on the basis of various alternatives are calculated in the following chart:- Cost Analysis:- Call Option 1 Call Option 1 Particulars Future Contract Unhedged Option 1 Option 2 Option 1 Option 2 Total Exercise Price 0.00756 0.00792 0.00756 0.00792 Future Price/ Spot Rate 0.006912 0.006912 Option Premium 0.0001512 0.0001134 0.0001512 0.0001134 Total Unit 12500000 12500000 12500000 12500000 6250000 6250000 12500000 Cost of Contract 86400 86400 96390 100417.5 48195 50208.75 98403.75 Effective Contract Price 86400 86400 86400 86400 86400 Add : Loss for Option Premium 1890 1417.5 945 708.75 1653.75 Total Cost 86400 86400 88290 87817.5 88053.75 As per the calculations shown above, it can be stated that the future contract and the unhedged alternatives should be optimal choice of the company. The future contract options should be considered as the lowest cost alternative in terms of actual cost incurred for the company. The cost analysis, shown above, explains that the call options will cause more expense due to the payment of optional premium. The unhedged alternative will incur same cost as the future contract. But the risk factor in unhedging option is more than the future contract. Therefore, future contract alternative can be considered as the only option, which will incur lesser cost than the call options and includes lesser risk than the unhedging option (Menkhoff et al., 2012). If the yen value increases with the standard deviation by ($0.0005x2)$0.001 on the future spot rate, then the cost analysis of the contract will be as follows:- Cost Analysis:- Call Option 1 Call Option 1 Particulars Future Contract Unhedged Option 1 Option 2 Option 1 Option 2 Total Exercise Price 0.00756 0.00792 0.00756 0.00792 Future Price/ Spot Rate 0.006912 0.006912 Option Premium 0.0001512 0.0001134 0.0001512 0.0001134 Total Unit 12500000 12500000 12500000 12500000 6250000 6250000 12500000 Cost of Contract 86400 86400 96390 100417.5 48195 50208.75 98403.75 Future Price 0.006912 0.006912 0.006912 0.006912 0.006912 Add : Standard Deviation 0.001 0.001 0.001 0.001 0.001 Expected Future Price 0.007912 0.007912 0.007912 0.007912 0.007912 Total Unit 12500000 12500000 12500000 12500000 12500000 Expected Cost 98900 98900 98900 98900 98900 Effective Contract Value 98900 98900 96390 98900 98403.75 Add : Loss for Option Premium 1417.5 Total Cost 98900 98900 96390 100317.5 98403.75 The above table denotes that for the stated consequence, the best alternative of the company will be the call option with the exercise price of $0.00756,plus, option premium of $0.0001512. By exercising this option, the company can save almost $2500. The foreign exchange quotations are not appropriate. There is vast scope of earning profit from arbitraging due to the differences in the bidding and asking rates of the two banks (Singh, 2015). In the following table, it has been shown how the company can earn profit by arbitraging in the given scenario:- Calculation of Profit from Arbitraging :- Particulars Amount Investment in Arbitrage $100,000 Asking rate of MinZu Bank $0.0227 Baht Converted from Dollar 4405286.344 Bidding Rate of Sobat Bank $0.0228 Dollar Converted from Baht $100,440.53 Profit from Arbitage $440.53 The following table describes how the company can earn profit from triangular arbitrage due to differences in the cross exchange rate of dollar, thai baht and yen:- Calculation of Profit from Triangular Arbitraging :- Particulars Amount Investment in Arbitrage $100,000 Asking rate of Thai Baht $0.0227 Baht Converted from Dollar 4405286.344 Bidding Rate of Japanese Yen 2.69 Yen Converted from Baht 11,850,220.26 Bidding Rate of Dollar $0.0085 Dollar Converted from Baht $100,726.87 Profit from Arbitrage $726.87 The company can earn additional profit of $836 from covered arbitrage process. The calculation is presented in the following table:- Calculation of Profit by Investing in Foreign Market:- Paticulars Investment in Thai Money Market Investment in US Money Market Investment in Dollar $100,000.00 $100,000.00 Asking Rate for Thai Baht $0.0227 Dollar Convert into Thai Baht 4405286.34 Interest Rate 3.75% 2% Amount Received on Maturity 4570484.58 $102,000.00 Forward Rate $0.0225 Thai Baht converted into Dollar $102,835.90 Total Future Value of Investment $102,835.90 $102,000.00 Profit from Covered Arbitrage $835.90 The arbitrage opportunities use to disappear soon after they have been discovered due to the activities of the arbitrageurs. When the arbitrageurs use to purchase or sell more foreign currencies to capitalize the arbitrage opportunity, the supply and demand position of the foreign currencies also use to change accordingly and ultimately when supply demand of the currencies reaches to the equilibrium state the arbitrage opportunity disappears (Ranaldo,2012). For example, the covered interest arbitrage would create immediate demand for the Thai Baht, which, in turn, would create upward pressure on the spot rate of Thai Baht and the subsequent sale would create downward pressure on the forward rate of the currency. Thus, due the upward and downward pressures, when the spot rate and forward rate would become equal, then the interest arbitrage would not possible any more (Pasquariello, 2015). The equilibrium state is called as interest rate parity (IRP) Reference List: Jacque, L. L. (2013).Management and control of foreign exchange risk. Springer Science Business Media Kroencke, T. A., Schindler, F., Schrimpf, A. (2014). International diversification benefits with foreign exchange investment styles.Review of Finance,18(5), 1847-1883 Menkhoff, L., Sarno, L., Schmeling, M., Schrimpf, A. (2012). Carry trades and global foreign exchange volatility.The Journal of Finance,67(2), 681-718 Pasquariello, P. (2015). Government Intervention and Arbitrage.Ross School of Business Paper, (1240) Ranaldo, A. (2012). Limits to Arbitrage During the Crisis: Funding Liquidity Constraints and Covered Indterst Parity Singh, S. (2015). IMF, FOREX, and International Business in Emerging Markets. InThe Palgrave Handbook of Experiential Learning in International Business(pp. 714-729). Palgrave Macmillan UK

Space The Final Folly Essay Research Paper free essay sample

Space: The Final Folly Essay, Research Paper Space: The Final Folly In 1947 the universe had dreams of green foreigners with large eyes. In 1969 the universe turned on their telecastings to see adult male take their first stairss on the surface of the Moon, since so it has been all down hill from there with NASA and the infinite plan itself even now in 1998. The infinite plan is no longer on the heads of the American people, whether it is from deficiency of involvement or the many bloopers, both grounds are apprehensible. My perceptual experience of the infinite plan is that at this point it is pretty atrocious. In 1984 Reagan promised within 10 old ages the US. would construct an orbiting infinite station capable of everything from serving human deaths to supplying a staging base for missions to Mars. Since so Washington has spent about $ 12 billion of a jutting $ 27.5 billion on the undertaking ( 1984 ) , but merely a little portion of the 500,000 pound. We will write a custom essay sample on Space The Final Folly Essay Research Paper or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page of hardware has been used. # 8220 ; Business Week # 8221 ; shows that in # 8216 ; 94 that the with money spent so far merely half have bought something of value despite the fact that the money hasn # 8217 ; t been wasted. There has been jobs from the start on this undertaking though, NASA realized early on that there was no demand for a satalite-service installation and that a mission to Marss at that point was merely a dream, and that the station had to be changed from constructing the station in infinite to constructing it on the land which cost a redesigning fee. Despite this and Regains promise here we are, now 4 old ages after the deadline and there is nil near to that, we have barely even made it to Mars. The first illustration of NASA # 8217 ; s bad path record started so, but many bloopers were yet to follow. One of the other biggest jobs in NASA current and past history is the Hubble telescope. The 2 billion dollar telescope had problems since the beginning. In a span of two months after its much hyped start NASA discovered a defect with one of its mirrors. That problem was nil new for the interior decorators though, the chief aperture door threw the Hubble into trembles, with the unusual process of gap and shutting it. Besides several gyroscopes failed, and the star happening systems were messed up. When a scientist by the name of Chaisson contested Hubble’s claim of being the farthest seeing telescope, which it wasn’t, NASA tried to acquire him fired. This was one of NASA’s most controversial machine’s of all time, yet another job. NASA has non merely had jobs with its programs and machines, it has besides had jobs from within. NASA has admitted to long-standing jobs with disused information systems. GAO for case has said the bureau # 8217 ; s # 8220 ; civilization of liberty and decentalisation # 8221 ; prevents efficient and cost-efficient IT operations. These unfavorable judgments, combined with NASA # 8217 ; s program to cut IT disbursement by $ 400 million between 1997 and 2000, led the bureau to name a CIO in 1995. This is non how a good # 8220 ; concern # 8221 ; plants under any fortunes. Another job with the infinite plan is the authorities intervention. On Sept. 30, 1996, United Space Alliance, a private company, inked an unprecedented $ 6.9 billion trade with the authorities to bit by bit take over the daily operations of America # 8217 ; s infinite bird fleet. Three yearss subsequently, on Oct. 3, a Kennedy Space Center technician flipped the incorrect switch during a fire asphyxiator system trial, touching off a inundation that drenched an unreplaceable shuttle constituent. 14 pieces of dearly-won protective thermic covering were ruined. Be it a mere happenstance? Barely, say NASA functionaries, a safety consultative panel and an outside consulting house. About all perceivers now agree worker anxiousness over sweeping alterations within the National Aeronautics and Space Administration is at least partially to fault for a lifting rate of similar close calls. Even though NASA and its changeless jobs seems like it is non a worthwhile cause I think that the plan is really of import. Problems plauge this Earth, from pollution and planetary heating to war and decease and we can # 8217 ; t remain here everlastingly, we will necessitate a topographic point to travel. The eventual decease of the Earth is coming, and we will necessitate