Friday, January 31, 2020

Meaning of Life and Happiness Essay Example for Free

Meaning of Life and Happiness Essay I do not think that there is a single person in the world who can say that knows what happiness actually is and, more importantly, that knows how to achieve it. We sometimes get the glimpse of pure happiness but those moments are so rare and so intense that we only recognise them too late. Each of us understands this feeling in a different way†¦I, for instance, see it as the one that can make you feel that there is no worry in life and nothing and nobody can hurt you anymore. For me, it is when you feel like you can do anything and forget about the past, the future, just enjoying the mere present. In my case, it is one of two feelings that can make you cry with all your heart†¦because it is too much for you to express in plain words or pointless gestures. â€Å"Tears are words that the heart can’t express† a wise man once said and could have never said it better, as happiness is that joy which is so strong that sometimes even hurts. However, I never remember the recipe for happiness and even if I did I do not think it would work again because one of its components is also hazard. Still, this does nt make me stop searching for it and devote it everything I do, I am and I achieve. Likewise, each person I’ve ever met, consciously or not, did the same†¦we want to get something, to become someone. Why? Not because that would make us feel miserable, but fulfilled and maybe a little bit more: happy. Hence, I strongly believe that happiness is the main purpose of our lives, the whole aim of our ephemeral existence. We are born happy and we want to die the same; this is the true ideal that we all crave for reaching. Money, wealth, knowledge mean nothing, without someone who cares about what you have achieved. Human beings, whether they like admitting it or not, need other human beings to share their secrets with, to share their joy or sorrow; as genuine joy can only become happiness if there is another person by your side. In other words, happiness is, in my opinion, the actual meaning of life; and life seems so complicated especially because we seldom get to its core, we almost never get to know what happiness feels like†¦and afterwards all that remains is an unclear memory of the moment and a wish of feeling it again.

Thursday, January 23, 2020

Its All Downhill :: Personal Narrative Essay Example

It's All Downhill From Here 8:02 a.m. Saturday. It's still dark, as usual, on these cold, winter days. Everybody else is still sleeping and enjoying the comfprting heat of their beds. I crack open the locked window by my bed, an act some deemed downright idiotic. I strip off my pj's, throw on my robe, and head for the shower. Drying off, I think about where I am abou to go. I dress piece by layered piece. I can't wait to hit the slopes! I round up my tools: body, boards, boots, bindings. Everything is in working order and ready for take-off. As I open the front door, I am shocked by the cold and fight my way through the wind to my car. I turn the key and put the heater on full blast. I am almost there. I step out of my car and survey the parking lot. Not too many cars. That's the way I like it. I take a deep breath and savor the frsh air. Already, I can feel the pressure of deadlines lifted off my chest. I strap my skis on, and prepare not just to tackle a run but other situations in my life as well. I skate over to the first pitch of the double diamond slope, and map out where I will take the first couple turns. It is almost like I am assessing my goals in life: getting accepted into Syracuse, owning a house in Colorado, raising a healthy family. I appreciate the sound of carving the first turn as if it was my very last. The crunching of the snow under my feet empowers me to crush the antagonists in my everyday life. The second and third turns secure my self-confidence. Only with the fourth turn do I start to realize that things are not always that easy. I heard it said often, "It's easier said than done." I never believed it until now. I only skid slightly over a patch of ice, but it is enough to start my heart thumping. I am suddenly aware that to finish this run or to reach my goals, I have to be ready for the tricky spots. I know that at any moment I could fall and be forced to start over. My lifetime goals can be affected by any number of things - grades slipping, drugs and alcohol - and I have to be ready to handle anything.

Wednesday, January 15, 2020

An Overview of the Works of John Pierpont Morgan

John Pierpont Morgan (1837 – 1931) is one of the more controversial figures in the history of America and the world of finance. Described as a sui generis, a colossus (McCallum, p. 2), â€Å"the organizer† (Miller, 2003), â€Å"banker of last resort† (Andrews, 1999), and â€Å"the man of the hour† (Corey, p. 348), John Pierpont Morgan has also been called a â€Å"robber baron† (Andrews, 1999). Thus, it is evident that J. P. Morgan was a man who was as much praised for his actions in saving the American economy during the 1895 and 1907 crises, as he was criticized and derided for what was seen as his calculated control of the financial world and American business. Viewed from the lens of financial history, however, there can be little doubt that no person, either before or since, has left â€Å"upon the great art of money getting so important an influence.† (Flynn, p. 452) Indeed, Morgan†s acumen in finance and business is clearly illustrated by the fact that the U.S. government had to set up a whole array of government institutions, from the Federal Reserve to the Securities and Exchange Commission and the Department of Transportation, to carry out the market stabilizing functions that Morgan had once assumed (Andrews, 1999). But perhaps, the biggest testimony to Morgan†s financial astuteness and power lies in the role he assumed as defacto central banker in 1907. For, there can be little doubt that J. P. Morgan single-handedly rescued the American economic system from falling into disarray. The key to understanding how one man could possibly act as the defacto central banker for as democratic, large and influential a country like the United States, lies in not so much analyzing the actual event, but in J. P. Morgan†s personal history. For, only such an approach could possible explain how he possessed the financial power to avert the collapse of one of the richest banking systems in the world. John Pierpont Morgan was born in Hartford, Connecticut on April 17, 1837. The son of a rich commodity broker, Morgan was exposed to the world of finance and business from an early age (1000 Management Giants, 1999). Interestingly, call it sheer coincidence or the hand of destiny, the day of Morgan†s birth saw all the banks in New York suspending specie (currency) payment, with banks in Hartford following suit the next day. Thus, as Flynn (p. 462) points out, the future money king came into the world amid the din of crashing banks. Environmental influences may have played a role in instilling in the young Morgan an early interest in business. However, it appears that Morgan also had a natural interest in and gift for figures. For, even as a child, he is reputed to have kept a meticulous account detailing the receipt and expenditure of his allowance (1000 Management Giants, 1999). Further, this early interest was no fluke since he repeatedly proved his prowess with figures in both school and college. So much so, that his high school teacher is reported to have called him a prodigy after witnessing Morgan†s ability to mentally solve problems in cubic root and decimals. But perhaps the greater compliment to Morgan†s mathematical ability came when the University of Gottingen offered the graduate student Morgan, a professor†s chair in mathematics (Flynn, p. 454, 464). Fortunately for the business world, and unfortunately for the mathematical one, Morgan refused. Morgan entered the business of finance in 1857 as an accountant in the New York based Duncan, Sherman and Company. Morgan†s first job, as well as the work he did with his father†s international firm, gave him a unique perspective on specie standardization necessity for credit and commerce (obits.com). It is also interesting to note that Morgan began his career in a year of panic, just as he began his life amidst the din of crashing banks. But, perhaps this was a fortuitous start since, as Geisst (p. 89) observes, the panic of 1857 proved to be a fertile training ground for many future financiers. In Morgan†s case, this was probably true since he later demonstrated that he knew the value of financial stability and solidity. Besides the valuable learnings of the initial years, the civil war that followed must also have taught Morgan a great deal in terms of identifying business opportunities in downturns, the effect of war on monetary policy and credit, and most important, the role of courage, confidence, and faith in taking business decisions. In fact, this probably accounts for one of Morgan†s most famous sayings, â€Å"Remember, my son, that any man who is a bear on the future of this country will go broke.† (McCallum, p. 2) Morgan proved his abilities in business very early. For, it is apparent that he quickly learnt the financial ropes to become an increasingly influential member of the firm, Dabney, Morgan & Company (1864-1871), before moving on to become a partner in Drexel, Morgan & Co. In fact, it was the latter firm that grew to be recognized as one of the world†s most powerful financial institutions, both before and after it came to be known as J. P. Morgan & Co. in 1895 (Netstate, 2005). The reputation of J. P. Morgan & Co. was primarily earned in the decade 1879-89 when the House of Morgan consolidated its financial power and developed the institutionalized mechanism for the control of investment resources and of industry. Indeed, this is evident in the fact that by 1889, J.P. Morgan had secured control of many important railroads by virtue of his use of new forms and functions of finance such as the formation of trusts, acquisitions and mergers. In fact, this is when â€Å"Morganization,† or the control of finance over industry, and consequently, the centralization of industry and finance, was first established (Corey, p. 131-2). Morgan†s interest in consolidating the railroads, however, was not just for profit reasons. He was genuinely interested in achieving stabilization in the interests of the American economy. Therefore, he improved railroad properties and services, increased safety and efficiency, and decreased costs to operators, shippers, and the traveling public (Destler, p. 39; Moody, p. 134; Wagenknecht, p. 56). Morgan achieved this through providing the railways with enormous amounts of capital, which they needed for investment. More important, he put a stop to all price wars, thereby prevented likely bankruptcies, ensuring in the process that the capital was put to good use (Andrews, 1999). Much like his interests in the railways, Morgan also invested in consolidating other core sector businesses such as steel and power. For instance, he funded Thomas Edison in setting up the Edison General Electric Company. He later acquired and merged Thomas Houston Electrical with Edison to form General Electric in 1892, to emerge as the controlling force in the power industry (Geisst, p. 115) Similarly, by 1901, he had created U.S. Steel, North America†s first billion dollar company (McCallum, p. 2). Morgan achieved this through merging his Federal Steel Company with Andrew Carnegie†s Carnegie Steel Company (obits.com). After the merger, he then proceeded to offer the public the largest to date stock offering of $1.4 billion (Geisst, p. 115-6). However, much like the railways, Morgan†s principal reason for taking an interest in the steel industry was his goal of achieving a stable American economy through stabilization and prevention of violent fluctuations, which the steel industry in particular was subject to. This, Morgan felt, was a critical task because such fluctuations invariably resulted in creating periods of inflation and depression for many other industries, which were dependent on steel (Weinberg, p. 148). The key to Morgan†s success in amassing wealth and financial control lay in his ability to mobilize funds, overseas and at home, for the various trusts he controlled. In the absence of a central bank, these trusts quickly gained in clout as financiers and bankers aided and contributed to the consolidation of many smaller, innovative companies by merging them into industrial giants (Geisst, p. 124). Therefore, it is hardly surprising that J.P. Morgan & Co., First National, and National City Bank, a trio dominated by Morgan, held a total of 341 directorships in 112 companies with aggregate capital resources (in money of the day) of between $ 22-25 million in 1912 (Andrews, 1999; Wagenknecht, p.50). Thus, Morgan†s path to success explains the colossal power he possessed in the financial and business circles of America. So much so, that even the U.S. government turned to him for help on several occasions. One such occasion was in 1985, when the U.S. Treasury was facing a rapidly melting gold reserve. Morgan responded promptly by organizing a syndicate, which supplied the U.S. government with $62 million dollars in gold. This timely action shored up the reserves to a safe limit of $100 million and probably saved the dollar (McCallum, p. 2; Wagenknecht, p. 55). This action, plus the indisputable power of his holdings, makes it evident that by 1907, J. P. Morgan was seen as the first among equals in American finance and industry. Therefore, it is hardly surprising that Wall Street, banks, trusts, and the government turned to him when banks began failing in 1907. There were several factors that precipitated the 1907 banking crisis. The chief of these was the rampant speculation that took place between 1905 and 1906 in the background of a prosperous economy, easy credit, and low interest rates (Moody, p. 134-6). To make matters worse, businesspersons such as F. A. Heinze and C. W. Morse regularly used the shares and resources of banks they owned to buy shares in other banks, or finance their more speculative undertakings (Cahill, 1998; Corey; p. 339-40; Moody, p. 138-141). The unchecked and unregulated American financial system of that era did not help matters any, giving speculators free rein to speculate in rail, copper, and indeed, any issue which Wall Street threw their way, no matter how unsound (Corey, p. 339; Moody, p. 135-6). The first signs of warning of an overheated economy and a bubble actually came in 1906 when Wall Street demand loans and merchant†s discounts began commanding the highest rate in more than 30 years. In fact, in September 1906, New York banks reported a deficit in reserves, leading to the U.S. Treasury depositing government surplus funds in banks (Noyes, p. 357). The action of the U.S. Treasury, however, only resulted in a brief respite. For, in March 1907, prices crashed on the New York Stock Exchange with reports of slackening production and earnings. The situation was further aggravated when large financiers were forced to liquidate their â€Å"indigestible securities† (Corey, p. 340) by a liquidity crisis (Moody, p. 142; Cahill, 1998). This second mini-crisis was once again averted due to the intervention of the U.S. Treasury, high money rates drawing gold from Europe, and funds returning to New York post the end of the crop season (Moody, p. 143). These stop gap measures, however, did not address the real issue, namely, speculation and unregulated financing of businesses. Thus, in October 1907, when the shares of United Copper collapsed due to Heinze†s attempts to corner them, it led to the collapse of a prominent brokerage firm run by his brother, the Heinze controlled Butte (Montana) Savings Bank and the Mercantile National Bank (Corey, p. 340-1; Moody, p. 144). The New York Clearing House Committee agreed to bail out Mercantile to restore depositor confidence. However, the action failed to do so, owing to a ripple effect that occurred once the committee publicized its findings on Heinze and Morse†s speculative activities. This ripple effect led to a run on several banks and trusts such as the Knickerbocker Trust associated with Heinze and Morse (Corey, p. 340; Cahill, 1998). From this point, the panic spread to the rest of the country owing to a loss of confidence in the economy and the American system. In addition, the accompanying credit and liquidity squeeze only deepened the crisis. The collapse of the Heinz and Morse controlled empire and the subsequent run on banks led to financial forces coming together rather automatically under Morgan†s leadership. Even the U.S. government looked to Morgan to solve the problem, with Secretary of the Treasury, George Cortelyou, rushing to New York to confer with Morgan and his associate financiers. In the absence of a central banking institution, Morgan had no choice but to step in and do what he could in an improvised and dictatorial style. In fact, Morgan was the only man in a position who could do so. For, J. P. Morgan & Co. was in sound condition, having learnt the importance of maintaining a high degree of liquidity from previous experiences (Corey, p. 341-2). In any case, Morgan was known for his conservatism and aversion to speculation (Destler, p. 53; Wagenknecht, p. 56). Therefore, if anyone could be trusted to see America safely through its latest crisis, it was J. P. Morgan. Morgan rose to the occasion admirably. While banks crashed and investors panicked, Morgan mobilized the available money in the banking system and trusts, along with the $25 million handed over by the Treasury, to distribute to the banks and other financial institutions. In addition, J. P. Morgan & Co. announced that it would anticipate all interest and dividend payments payable through the firm (Corey, p. 343-44; Geisst, p. 119). Morgan also stepped in at every crucial juncture of the crisis. For instance, Morgan organized a pool of $ 3 million to prevent the Trust Company of America failing. Similarly, when the New York Stock Exchange showed signs of a financial collapse under the weight of all the margin selling that the trusts and banks were forced into, Morgan bailed out the institution by quickly mobilizing a $25 million pledge of funds (Geisst, p. 119-120). Morgan†s role in the bank crisis of 1907 led to the press hailing him as America†s savior and â€Å"man of the hour.† (Geisst, p. 120; Corey, p. 348). Unfortunately, however, criticism soon followed with accusations ranging from his having engineered the crisis for profiteering purposes to being a robber baron. This led to the Federal government setting up the Pujo commission in 1912 to investigate Morgan†s suspected violations of anti-trust laws. The experience, in fact, is said to have broken Morgan who thereafter chose to retire. Morgan died in Rome on August 31, 1931. When he died, he left behind a legacy in investment banking and finance that is revered till today. The debates on Morgan†s motives may go on. But there is one fact that cannot be contested. And, that is, that he single-handedly saved America from one of its worst financial crises.

Tuesday, January 7, 2020

The Theories Of Crime And Criminal Behavior - 2300 Words

Criminology is a science that gathers and analyzes data on various aspects of crime and criminal behavior (Walsh Hemmens 2014). The scientific method often used in criminology, allows theories to be developed that relate to crime. These theories about crime are intended to explain certain crime facts. A theory is a set of logically connected prepositions explaining and predicting a phenomena (Walsh Hemmens 2014). A number of hypotheses can be derived and tested using a developed theory. Thus, these hypotheses can be tested in the criminal justice system. In criminology, examining why people commit crime is very important so that crime can be prevented. Many theories have developed from criminologists that seek to answer questions concerning crime. Often times, the victim of a crime wants to know the reason behind the criminal act. However, it takes many years of analyzing data to develop these theories. One of the theories that has developed is the labelling theory. This essay wi ll contrast the labelling theory, and will show its strengths and weaknesses using various case-studies. The labelling theory is based on the Social Process Theory (Walsh Hemmens). According to the Encyclopedia of Criminology and Criminal Justice social process theories are grouping of criminological theories that aid the explanation of why people engage in criminal behaviors. The social process theories include differential association, social learning theory, social control theory, andShow MoreRelatedThe Theory Of Crime And Criminal Behavior Essay1624 Words   |  7 Pagesour minds. These questions then encourage us, naturally, to search for the answers. This is true in the area of crime and criminal behavior as well. Criminological theory attempts to describe why and how crime transpires by studying the countless social factors that influence someone to commit crimes. These theories are then supposed to explain both the understandings and roots of crime. Abstract outlooks offer an image of what something is and the best way of addressing that particular subject. InRead MoreThe Theories Of Crime And Criminal Behavior1493 Words   |  6 Pagesdrawing up on three different criminological theories and how they can explain crime and criminal behaviour differently. There is no universal definition of crime that gives a simple and straight forward definition. Crime is a constantly changing idea that changes due to the persons perceptions of what they would classify as ‘crime’ and what is regarded as criminal behaviour (crime and criminology). There is also no straightforward way of explaining what criminal behaviour is, as it can be something thatRead MoreCrime And Theory Of Criminal Behavior Essay1920 Words   |  8 PagesCriminality or criminal behaviour has long been the subject of great interest within psychology, captivating the interest of psychologists from all different perspectives (Hollin, 2013; Putwain Sammons, 2013). 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He believed that well-built societiesRead MoreThe Major Theories Of Criminal Behavior And The Impact Of Crime On Victims And Society1580 Words   |  7 PagesPsychology of Human and Criminal Behaviour Describing and Evaluating the Major Theories of Cause of Criminal Behaviour and the Impact of Crime on Victims and Society London Foundation campus 1. Introduction Akers Sellers (2013) noted that there are various common theories that are pertinent to the study of crime as the extents of crime explanations range from the genetic/biological through to the economic and social perspective. Howitt (2012) divided these theories into four categories:Read MoreTheories on Crime1253 Words   |  5 PagesTheories on Crime: The field of criminology is basically described as the study of crime through which the causes, prevention, and correction of offenses are examined. While this process can be extremely difficult, especially for students, the analysis of the causes of crime is significant to sociology and criminology. The difficulties associated with the study of crime originate from the numerous challenges in developing theories that explain human behavior. In relation to crime, human behaviorRead MoreCriminal Behavior And The Criminal Acts1115 Words   |  5 Pagescommit criminal acts. Criminal behavior has been studied for many years and theories have been suggested as to this very topic. Criminal behavior is when an individual commits a criminal act. A criminal act constitutes the violation of breaking the law. Criminal behavior can be linked to many crimes like organized crime along with misdemeanors and felonies (Jones, 2005). Burglaries are no exception when it comes to criminal behavior. Burglaries consist of either violent or non-violent and crimes againstRead MoreEssay on Theory of Criminal Behavior1000 Words   |  4 Pages0 Introduction Crime depicts any act or omission that is prohibited by the public law. On the same note, behavior is a function which has measurable differences in psychological characteristics among individuals (Brennan-Galvin, 2002). Such characteristics may be influenced by constitutional, personality attributes, and neurophysiologic or genetics factors. Likewise, criminal behavior is the commission of acts which in their situational and social settings are considered crimes due to the fact thatRead MoreTheories of Crime Comparison1157 Words   |  5 PagesTheories on Crime Comparison Angelika L. Arnold AJS/542 May 20, 2013 Marcela Morales Theories on Crime Comparison For several years, theorists have come to the conclusion that people commit crimes for several different