Research Paper on Money and Banking Essay Example Essay Example

Research Paper on Money and Banking Essay Example Paper Money and Banking Research Paper G. Bush indeed seems to have resurrected some major basic principles of reaganomics in his tenure as president of the USA. The current fiscal policy of the Bush administration can be called expansionary due to the great tax cuts and increases in defense spending. The Federal reserve on the other hand uses restrictive monetary policy in order to offset the effects of the current government increases in spending on the US economy. In order to better understand the impact of the increased government spending on the GDP, one should understand the economic framework as represented by the GDP formula. Y=C+I+G+T+NX or Y=C+S+TWhere Y = real output (GDP), C = real consumption expenditure, I = real investment expenditure, G = real government expenditure, NX = real net exports, S = real saving, T = real (net) taxes = taxes -transfer payments From rearranging the terms in the formula noted above one can obtain the following: Research on Money and Banking Essay Body Paragraphs NX = (S-I) + (T-G) which relates directly the net exports (exports minus imports) to the real savings less investments and taxes less government spending. During the presidency of George Bush, expansionary monetary policy would mean that the government had drastically increased government spending on the military and other public works as initiated by Bush (Dam, 61). The second major contributor to the increased aggregate demand and financial resources available on the market was the tax cuts which increased real consumption expenditure. The increased consumption and amount of money on the market which appears as a result of such government spending had the following impact on the economy: Increased inflation, CPI Increased GDP The Fed’s contractuary policy which means establishment of bank’s reserve requirements, interest rates and other measures influences the US economy in the following manner: Increased Interest rates. Attract money from abroad for reinvestment to t he USA Control over the exchange rates. During the First Bush’s term as a president the USA had witnessed some major spending in the country, which certainly surpassed savings and attracted foreign credit from abroad. In simpler terms that meant that foreigners are selling goods to the USA in exchange of US dollars and then pour these dollars back into the USA to allow Americans purchase these goods on credit since Americans currently spend more than they earn, so they need some credit. Due to the increased spending, the prices of goods and services increase as seen during the first presidential term of G. Bush. The presence of extra cash on the market pushes the interest rates down and the historically low interest rates in the USA just a few years ago show us that. At the same time as the average American borrows more from abroad as foreigners invest the funds earned in the USA back in the USA the USA becomes more and more leveraged and risky, so the interest rates ultimate ly will have a tendency to increase. Or by the same token the prices of goods and services will tend to increase if these companies want to incorporate the risks in the goods rater than in the interest rates directly (Heintz, 142). The USA dollar had seen a decline as it would be viewed as becoming riskier than before due to the great leverage of American credit system. The Fed would increase the interest rates slightly to establish an elbow room for manipulation and better control of the monetary policy. Unless, there is no change to the existing fiscal and monetary policy to make them both somewhat more conservative/contractuary/restrictive to reduce not only the government spending yet rather the borrowings made Americans. While some borrowings might be good as Americans are able to increase the GDP due to the increased spending as well as enjoy low interest rates and easy access to capital, excessive borrowings make the country and the economy risky and unstable which would caus e investors demand higher interest rates for the funds. If the situation continues as it is at present into the next several years, one would expect the interest rates in the USA increase further, just like the CPI and the national debt making the US dollar shaky and weaker than the Euro. How will the Bernanke’s â€Å"savings glut† concept fit into demographic changes around the globe? In order to provide a sufficient answer to this question, one should use a common sense explanation for the concept of ‘savings glut’ which certainly relates to the current financing by the central banks in Asia of the US current account deficit. While everyone knows that saving is good, the common tendency in the USA is to spend more than one can save. The problem is that in the modern global economy the rest of the world as represented by Europe, Asia and Latin America is saving too much while spending too little. This phenomenon is what one calls the â€Å"global savings glut† The savings glut phenomenon as presented by Bernanke allows one to understand US trade deficits, the weaknesses of the US economic system and the difficulty (existing problems) in doing something with the deficit and the weaknesses. One learns in school that savings is good since it allows one to afford expensive items such as home, car or a university tuition as well as establishes a safety margin which would protect an individual against unexpected emergency expenditure or retirement. For the overall society savings represents an ability to invest in new companies, factories, technologies, plants and businesses. The savings as we know them remain in the border of the country, i.e. Americans save their money in America, while the Japanese save in Japan. These savings thus balance with the interest rates and stock prices. So if people save more than businesses want to invest the interest rates will fall and in turn encourage investment and reduce savings in the country. In practice the real world situation is different. In the 1970s and 1980s when the Breton Woods system was deemed outdated and the capital controls restricted the citizens from moving capital into foreign stocks and other financial paper. Nowadays, banks, insurance companies, investment and mutual funds, let alone individual governments engage in moving capital abroad in search of opportunities. The figures are rather high with major European powers having invested several trillion dollars abroad. For instance in 2003, Germany had over $4 trillion invested in savings abroad, while France had $3.2 trillion kept in foreign savings. The modern day savings do not remain attached to one country with Japanese saving over 24% of their income and keeping 75% of these savings in foreign countries. Most Asian countries like China, Japan, Korea or Indonesia are high savers with the majority of the money going to the USA. The current situation when the majority of goods flows into the USA, mea ns that Americans can spend more and save less. In the 1990s the excessive savings especially those coming from abroad went directly into the stock market fueling it for several years. Since the stock market grew, Americans felt as getting wealthier and thus felt like saving less and spending more on goods and services which in turn would further improve the corporate performance and the stock market which increased the portfolios of these Americans (Dam, 64). The foreign money especially those from the foreign banks would go to the US debt and equity market keeping the interest rates low. The low interest rates would mean affordable mortgages. The increased demand for housing would increase the prices of houses and make Americans wealthier since the value of their hoses increases. This in turn would allow them to save less and consume more (French, 287). Currently, the US increased consumption and low savings rates surpass the foreign high savings and low consumption rates. The cur rent US trade deficit relies heavily on imports, while foreign relatively small spending on the US goods hurt the US producers/exports. The desire of foreigners to keep the money in the US banks increases demand for the US dollar on the forex market and by increasing its value reduces competitiveness of the US goods. The European Union, Japan and Canada buy over 47% of the US exports. Up till present the current system looks like a huge recycling plant where everyone benefits. The USA gets cheap foreign goods which allow Americans to keep inflation at a minimum level. Foreign countries improve their economies as increased production can easily sell on the US market. Still, this system cannot continue indefinitely and it might negatively impact all players. Foreigners might choose not to invest in the USA which gets riskier and riskier, thus putting a downward pressure on the US dollar. Dollar might fall against some currencies. Still if these countries with increased savings did not invest at home, the global economic growth would be halted or the US recovery would also be tempered. The trade deficit means that US employment might suffer as foreign imports would move production abroad. Finally, I would like to note that the US huge trade deficit and the foreign countries’ huge savings pose global danger since the USA cannot control anything. The fact that foreign countries save in the USA means that there are at present no domestic savings opportunities or no developed consumption. The Asian countries which currently power the USA the greatest prefer export-oriented economies and reduced local consumption. The volatile economy of Latin America deter investments, while Europe’s heavy taxation and numerous regulations also make the USA the only investment opportunity for foreigners. The only way for Americans to survive this situation is to remain the best investment opportunity in the world, since the rest is not controlled by the USA. 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How Bugs Find Their Way Into Your Food

How Bugs Find Their Way Into Your Food Entomophagy, the practice of eating insects, has been getting a lot of media attention in recent years. Conservationists promote it as a solution to feeding an exploding global population. Insects, after all, are a high protein food source and dont impact the planet in ways that animals higher up the food chain do. Of course, news stories about insects as food tend to focus on the ick factor. While grubs and caterpillars are diet staples in many parts of the world, U.S. audiences tend to get squeamish at the thought of eating bugs. Well, heres some  news for you. You eat bugs. Every day. Even if youre vegetarian, you cant avoid consuming insects if you eat anything that has been processed, packaged, canned, or prepared. You are, without a doubt, getting a bit of bug protein in your diet. In some cases, the bug bits are intentional ingredients, and in some cases, theyre just by-products of the way we harvest and package our food. Red Food Coloring When the FDA changed food-labeling requirements in 2009, many consumers were startled to learn that manufacturers put crushed bugs in their food products for color. Outrageous! Cochineal extract, which comes from a scale insect, has been used as a red dye or coloring for centuries. Cochineal bugs (Dactylopius coccus) are true bugs belonging to the order Hemiptera. These tiny insects make a living by sucking the sap from cactus. To defend themselves, cochineal bugs produce carminic acid, a foul-tasting, bright red substance that makes predators think twice about eating them. The Aztecs used crushed cochineal bugs to dye fabrics a brilliant crimson. Today, cochineal extract is used as a natural coloring in many foods and drinks. Farmers in Peru and the Canary Islands produce most of the worlds supply, and its an important industry that supports workers in otherwise impoverished areas. And there are certainly worse things that manufacturers could use to color their products. To find out if a product contains cochineal bugs, look for any of the following ingredients on the label: cochineal extract, cochineal, carmine, carminic acid, or Natural Red No. 4. Confectioners Glaze If youre a vegetarian with a sweet tooth, you might be shocked to learn that many candy and chocolate products are made with bugs, too. Everything from jelly beans to milk duds is coated in something called confectioners glaze.   And confectioners glaze comes from bugs. The Lac bug, Laccifer lacca, inhabits tropical and subtropical regions. Like the cochineal bug, the Lac bug is a scale insect (order Hemiptera). It lives as a parasite on plants, particularly banyan trees. The Lac bug uses special glands to excrete a waxy, waterproof coating for protection. Unfortunately for the Lac bug, people figured out long ago that these waxy secretions are also useful for waterproofing other things, like furniture. Ever heard of shellac? Lac bugs are big business in India and Thailand, where they are cultivated for their waxy coatings. Workers scrape the Lac bugs glandular secretions from the host plants, and in the process, some of the Lac bugs get scraped off, too. The waxy bits are typically exported in flake form, called sticklac or gum lac, or sometimes just shellac flakes. Gum lac is used in all kinds of products: waxes, adhesives, paints, cosmetics, varnishes, fertilizers, and more. Lac bug secretions also make their way into medicines, usually as a coating that makes pills easy to swallow. Food manufacturers seem to know that putting shellac on an ingredient list might alarm some consumers, so they often use other, less industrial-sounding names to identify it on food labels. Look for any of the following ingredients on labels to find the hidden Lac bugs in your food: candy glaze, resin glaze, natural food glaze, confectioners glaze, confectioners resin, Lac resin, Lacca, or gum lac. Fig Wasps And then, of course, there are the fig wasps. If youve ever eaten Fig Newtons, or dried figs, or anything containing dried figs, youve no doubt eaten a fig wasp or two as well. Figs require pollination by a tiny female fig wasp. The fig wasp sometimes becomes entrapped within the fig fruit (which is technically not a fruit, its an inflorescence called the syconia), and becomes part of your meal. Insect Parts Honestly, theres no way to pick, package, or produce food without getting a few bugs in the mix. Insects are everywhere. The Food and Drug Administration recognized this reality, and issued regulations concerning how many bug bits are allowable in food items before they become a health concern. Known as the Food Defect Action Levels, these guidelines determine how many insect eggs, body parts, or whole insect bodies can get by the inspectors before being flagged in a given product. So, truth be told, even the most squeamish among us eats bugs, like it or not. Sources: The Truth About Red Food Dye Made From Bugs, LiveScience, April 27, 2012. Accessed online November 26, 2013.Scientists Make Red Food Dye from Potatoes, Not Bugs, National Geographic, September 19, 2013. Accessed online November 26, 2013.Calimyrna Figs in California, Wayne P. Armstrong, Palomar College. Accessed online November 26, 2013.Humans as Fig Eaters, FigWeb, Iziko Museums of South Africa. Accessed online November 26, 2013.Laccifer Lacca, Gwen Pearson (Bug Girls Blog), February 14, 2011. Accessed online November 26, 2013.Q A on Shellac, the Vegetarian Resource Group blog, November 30, 2010. Accessed online November 26, 2013.

Fort Mims Massacre in the Creek War

Fort Mims Massacre in the Creek War Fort Mims Massacre - Conflict Date: The Fort Mims Massacre took place on August 30, 1813, during the Creek War (1813-1814). Armies Commander United States Major Daniel BeasleyCaptain Dixon Bailey265 men Creeks Peter McQueenWilliam Weatherford750-1,000 men Fort Mims Massacre - Background: With the United States and Britain engaged in the War of 1812, the Upper Creek elected to join with the British in 1813 and began attacks on American settlements in the southeast. This decision was based on the actions of the Shawnee leader Tecumseh who had visited the area in 1811 calling for a Native American confederacy, intrigues from the Spanish in Florida, as well as resentment about encroaching American settlers. Known as the Red Sticks, mostly likely due to the their red-painted war clubs, the Upper Creeks were led by notable chiefs such as Peter McQueen and William Weatherford (Red Eagle). Fort Mims Massacre - Defeat at Burnt Corn: In July 1813, McQueen led a band of Red Sticks to Pensacola, FL where they obtained arms from the Spanish. Learning of this, Colonel James Caller and Captain Dixon Bailey departed Fort Mims, AL with the goal of intercepting McQueens force. On July 27, Caller successfully ambushed the Creek warriors at the Battle of Burnt Corn. As the Red Sticks fled into the swamps around Burnt Corn Creek, the Americans paused to loot the enemys camp. Seeing this, McQueen rallied his warriors and counterattacked. Overwhelmed, Callers men were forced to retreat. Fort Mims Massacre - The American Defenses: Angered by the attack at Burnt Corn Creek, McQueen began planning an operation against Fort Mims. Constructed on high ground near Lake Tensaw, Fort Mims was situated on the east bank of the Alabama River north of Mobile. Consisting of a stockade, blockhouse, and sixteen other buildings, Fort Mims provided protection for over 500 people including a militia force numbering approximately 265 men. Commanded by Major Daniel Beasley, a lawyer by trade, many of the forts inhabitants, including Dixon Bailey, were mixed-race and part Creek. Fort Mims Massacre - Warnings Ignored: Though encouraged to improve Fort Mims defenses by Brigadier General Ferdinand L. Claiborne, Beasley was slow to act. Advancing west, McQueen was joined by the noted chief William Weatherford (Red Eagle). Possessing around 750-1,000 warriors, they moved towards the American outpost and reached a point six miles away on August 29. Taking cover in tall grass, the Creek force was spotted by two slaves who were tending cattle. Racing back to the fort, they informed Beasley of the enemys approach. Though Beasley dispatched mounted scouts, they failed to find any trace of the Red Sticks. Angered, Beasley ordered the slaves punished for providing false information. Moving closer through the afternoon, the Creek force was nearly in place by nightfall. After dark, Weatherford and two warriors approached the forts walls and scouted the interior by looking through the loopholes in the stockade. Finding that the guard was lax, they also noticed that the main gate was open as it was blocked from completely closing by a bank of sand. Returning to the main Red Stick force, Weatherford planned the attack for the next day. Fort Mims Massacre - Blood in the Stockade: The next morning, Beasley was again alerted to the approach of a Creek force by local scout James Cornells. Disregarding this report, he attempted to have Cornells arrested, but the scout rapidly departed the fort. Around noon, the forts drummer summoned the garrison for the midday meal. This was used as the attack signal by the Creek. Surging forward, they rapidly advanced on the fort with many of the warriors taking control of the loopholes in the stockade and opening fire. This provided cover for others who successfully breached the open gate. The first Creeks to enter the fort were four warriors who had been blessed to become invincible to bullets. Though they were struck down, they briefly delayed the garrison while their comrades poured into the fort. Though some later claimed he had been drinking, Beasley attempted to rally a defense at the gate and was struck down early in the fighting. Taking command, Bailey and the forts garrison occupied its inner defenses and buildings. Mounting a stubborn defense, they slowed the Red Stick onslaught. Unable to force the Red Sticks out of the fort, Bailey found his men gradually being pushed back. As the militia fought for control of the fort, many of the settlers were struck down by the Red Sticks including women and children. Using flaming arrows, the Red Sticks were able to force the defenders from forts buildings. Sometime after 3:00 PM, Bailey and his remaining men were driven from two buildings along the forts north wall and killed. Elsewhere, some of the garrison was able to break through the stockade and escape. With the collapse of organized resistance, the Red Sticks began a wholesale massacre of the surviving settlers and militia. Fort Mims Massacre: Aftermath: Some reports indicate that Weatherford attempted to halt the killing but was unable to bring the warriors under control. The Red Sticks blood lust may have been partially fueled by a false rumor which stated that the British would pay five dollars for each white scalp delivered to Pensacola. When the killing ended, as many as 517 settlers and soldiers had been struck down. Red Stick losses are not known with any precision and estimates vary from as low as 50 killed to as high as 400. While the whites at Fort Mims were largely killed, the Red Sticks spared the forts slaves and took them as their own. The Fort Mims Massacre stunned the American public and Claiborne was criticized for his handling of the frontier defenses. Beginning that fall, an organized campaign to defeat the Red Sticks commenced using a mix of US regulars and militia. These efforts culminated in March 1814 when Major General Andrew Jackson decisively defeated the Red Sticks at the Battle of Horseshoe Bend. In the wake of the defeat, Weatherford approached Jackson seeking peace. After brief negotiations, the two concluded the Treaty of Fort Jackson which ended the war in August 1814. Selected Sources Fort Mims Massacre Fort Mims Restoration Association

Software Piracy Assignment Example | Topics and Well Written Essays - 1750 words

Software Piracy - Assignment Example hical means 4: Government Government must provide the autonomy to each stakeholder about the use of software for their interests Government must ensure that pirated software does not harm the interests of the original creator as well as other stakeholders It is the duty of government to tell the truth about software piracy The Dilemma (Software Piracy) Software consists of programs that are designed to perform specific tasks for the different classes of users. Today, software applications are widely being used by individuals, government and business organizations for a variety of purposes. The software programs’ utilities are numerous in certain areas such as hospitals, banking education and space studies. Software programs can be purchased from software vendors. Eventually, certain general purpose software programs are available on internet, as freeware and shareware. However, the freeware and shareware software do not have much capabilities that are owned by the retail softw are packages (University of West Florida, 2012). Software piracy can be defined as the illegal copying, distribution or in general the illegal use of software. In other words, software piracy can be described as copying of software programs by individuals or business organizations either with profit motive or to harm others. The advancement in technological systems and tools has not only a favorable impact on the society but has also contributed immensely towards software piracy throughout the globe. Software piracy has serious impacts both on national economy as well as on the software producing organizations. The software producing companies spend millions of Dollars on their research activities for inventing particular software. Unfortunately, a few individuals and organizations take negative advantage of the technological advancements bothering less about the nation’s economy and software producing organizations which results in the form of pirated software (Ohio Literacy Resource Centre, 2001). Consequently, such factors have attracted the interests of many researchers to choose software piracy as one of the largely debated ethical issues. Three Principles The three principles selected for the matrix include Autonomy, Non-maleficence and Veracity. Autonomy can be described as freedom of an individual to take his/her own decisions. Every individual is free to use genuine or pirated software which is solely based on the conscience of an individual to consider it as ethical or unethical. However, the decision an individual takes should not harm any other individual or group or it should be non-maleficence. At the same time, the decision should not violate the rules and the laws established by the state or federal government. The truth related to incurrence of any act in relation to software piracy should be brought into limelight so that any such occurrence of piracy in future can be prevented. It can also benefit to create awareness about software pi racy and the harm that it can create to the

Short Story Essay Example | Topics and Well Written Essays - 1250 words

Short Story - Essay Example â€Å"The Lottery† highlights the fact that societies must adjust themselves to the need of changing times. Leaving behind the past beliefs, which have no meaning, is the only way to reform the society in a progressive manner. The central point about the story is the blinding faith in the past traditions and customs that these villagers would not like to change. This connects the story to the kind of superstitious values that the village people were following. An example of this can be traced to the fact that the lottery box has almost lived its life and become worn out, as this box is used every year for the ritual of conducting annual lottery draw in the village. However, the people of this village would not like to change the box as it has the pieces of wood taken from the earlier box, which was probably used for centuries. Although the lottery conductor, Mr. Summers raised the point of replacing this box, the people of the village would not listen to him as no body wanted to replace it. The draw of lottery had nothing to do with the age or construction of the box. Such blind beliefs are found in most of the countries. For example, people in India would not conduct an important business during certain period of the year, which is considered inauspicious. Like the tradition of celebrating the Halloween, which this village also enjoyed, worshipping the dead is not considered a good sign in India. Such traditions leave along-lasting image on the psyche of the people, who are not prepared to change the age-old beliefs. Such beliefs are worldwide. For example, the Irish village folks believe that ghosts will occupy the house, after they vacate it. Hence, they have the tradition of breaking the doors and windows of the house, before vacating it. Although such beliefs are followed blindly, no body has a logical explanation to justify them. However, people invoke stars and

Team Leadership Essay Example for Free

Team Leadership Essay One of the key facets of being a good manager is being able to bring people together that have many different personalities, and forge them into a team that works like a well-oiled machine. In the case of my marketing team, including myself I have four personalities, which to work from to put together a marketing team that will work efficiently with one another. The people in my marketing team were analyzed on the Jungian 16-Type Personality test, and the personality types in my group are two ESTJs, one ISTJ, and one ENTJ. These personality types are overall very similar to one another and that fact should make forming an effective marketing group that much easier (University of Phoenix, 2013). The first personality that I will analyze will be I and another person in my group, the ESTJs. ESTJ stands for Extroverted Sensing Thinking Judging, which means that people with my personality type are acute leaders who promote work ethics, responsibility, and standing up for the principles that one holds. ESTJs are particularly well suited for management or political office due to the fact that they make impersonal decisions quickly, and are very good at supervising those under them in order to accomplish goals. One theory that applies particularly well to those who are ESTJs is the collaborative leadership theory, which states that creating and working through strategic alliances and strong partnerships creates leadership roles that allow for great change and work to be accomplished within businesses, corporations, etc. Collaborative leadership is upheld not by formal institutions of leadership or communication, but by a complex web of interpersonal relationships that are essential to the proper functioning of the business. Since ESTJs are very good at making decisions quickly, a trait that is necessary in order to efficiently collaborate, the collaborative leadership theory is a theory that can be easily used to direct ESTJs. The next personality type that is to be evaluated is the ISTJ. Similar to the ESTJ in that the person has a great focus on taking in facts and making logical, clear decisions, the main difference is the way in which the ISTJ communicates to others. Being an Introvert does not necessarily mean that this person is shy; rather, being an Introvert usually just means that interpersonal communication takes more effort and energy to do effectively than Extroverts. ISTJs function on the principle of quantifiable, measurable means of data and actions, and thus are very effective at analyzing situations and processing a decision to be made and held to in a very short amount of time. ISTJs are very determined, and will usually pursue a job or a goal in an effective and efficient manner. When they see other people that do not follow through on their goals or responsibilities as the ISTJ would, this causes the ISTJ to become frustrated, as others inconsistency is something the inhibits their progress. The final personality type in my marketing group is the ENTJ, a personality type that often embodies the traits of leadership that are often looked for in managers. ENTJs are those personalities who become world leaders or powerful people, as they are unequivocal in their resoluteness to accomplish whatever goals are set before them or by them for their own sake. ENTJs are decisive, and have the inborn ability to delegate and assign roles to their peers efficiently, traits that management and leadership laud and constantly search for. In the midst of conflicts, problems, or any other kind of issue that arises before and ENTJ, they remain calm and persistent in their efforts to take care of the problem in a manner that will efficiently close it. The situation in which my marketing team is one where we will need to come together in order to accomplish group goals that will be set by the leader of the group. Since all of the personalities in the group share common characteristics, the TJ part of their personality test, then it would follow that our group will be able to easily and efficiently communicate and work together on these goals. The urgency within the group will be to find and make someone a leader, establish goals, divide and assign labor, and then begin work on those goals. Since all four people in the group could possibly be an effective leader, picking a leader will not be an especially urgent task, as each group member has a personality type that is conductive to being self-motivated and accomplishing tasks that have been set before them. The matter that will be of the most urgency is the division of labor within the group, because one of its biggest strengths, the above-mentioned fact that all members could be possible leaders, is also one of the groups biggest possible weaknesses. Making sure that everyone knows his or her job and that no one bumps over into someone’s work territory will be an important first step for my marketing team to take (University of Phoenix, 2013). Since I have been chosen to take charge of this group, I will use the fact that all of us in the group share the TJ characteristic to being communicating the different duties that will be assigned to each person. By dividing the labor and clearly establishing who needs to do what, and what lines are to be drawn, the members of my group will be able to operate within clear guidelines that all of our personalities tend to crave. Two leadership theories that will be able to be practically applied in this situation will be the theories of relational and collaborative leadership. Relational leadership theory focuses on the importance of the relationships that are established in leadership roles. Making sure that the relationship between me and my co-workers, and my co-workers and themselves is an essential facet of having a successful team. Without the trust and confidence that is given through effective and meaningful relationships, leadership in a group such as this will be difficult to exercise. The collaborative leadership theory applies here because in such a small team, making sure that everyone is collaborating on work is a critical part of making sure that everyone is on the same page. In conclusion, I believe that the teams of people that have been assigned to me as my marketing team are serendipitously set to be a powerful and effective team. As our personality types are congruent and conductive to the kind of work that will be taking place, being a leader among personalities that understand and know leadership qualities will be an interesting and  fulfilling task. The urgency of dividing labor and establishing leadership can be assuaged by applying the leadership theories that have been mentioned, along with the communication and relational focus that is necessary for leadership in this kind of situation. Being a leader in a group of leaders can sometime cause issue, but with time and effort, this group can become a well-oiled work machine that every manager lives to see.

The School Access to Emergency Epinephrine Essay example -- anaphylaxis

Imagine eating in the cafeteria and suddenly becoming short of breath as your throat starts to close up. There are 6 million children living in the world who are at high risk of experiencing this condition (Cianferoni, 2012). This condition is called anaphylaxis caused from an allergen. This can turn into a life-threatening situation. School systems need grants to provide adequate care to these students that experience anaphylaxis to prevent from lethal occurrences. The School Access to Emergency Epinephrine Act is the answer to decrease the risk of these situations. The bill authorizes the Congress to give funding to the schools if they meet the following requirements: maintain an emergency supply of epinephrine, permit trained personnel of the school to administer epinephrine, and develop a plan for ensuring trained personnel are available to administer epinephrine during all hours of the school day (H.R. 2094, 2013). This bill can affect the overall healthcare system by providing a safe environment in the schools for children and providing peace of mind for the families of children with allergies. Anaphylaxis is an allergic reaction that occurs suddenly and without warning. It is severe and can be deadly if not treated immediately. During anaphylaxis, the airways tighten and cause difficulty breathing, swallowing, wheezing, loss of consciousness and sometimes hives. Anaphylaxis can occur not only from food allergies, but also medications and insect bites (Kim & Fischer, 2011). In children, food allergies are the most common source of anaphylaxis (Kim & Fisher, 2011). Anaphylaxis is treated with a medication called Epinephrine. In Massachusetts, the department of health found that a fourth of the students who needed Epinephrin... ...reasonably believed to be having an anaphylactic reaction; and has in place a plan for having on the premises of the school during all operating hours of the school one or more individuals who are trained personnel of the school (H.R. 2094, 2013). This act is extremely important in the healthcare of the society. Without adequate funds and access to non-patient specific epinephrine during these situations could result in insecurity and possibly death in the school system. The School Access to Emergency Epinephrine will provide families assurance that their children will be safe and protected and if the situation occurs, that they would be treated promptly and effectively. Not only will this act provide peace of mind for families and children, but also allow the society as a whole to trust the legislative system to provide for their healthcare needs when they arise.