The Issues Of Race And Privilege - 1138 Words

There are any issues that the nation, the world, is facing today. Is it okay to travel to Africa? Is the water safe to drink? Many questions. Something that has been a question, a problem, an issue, for many years has recently become the main focus of topic; race and privilege. Those are topics that is discussed by many and somewhat dreaded by others. How can all people work collectively to address issues of race and privilege? That is a question that I will address and hopefully offer a solution to the issues in the form of a moral claim. Political philosophers or philosophies to support the claim will be incorporated. Criticisms of the claim will be anticipated and a response will be given. A Jesuit value will be presented and how the value informs and supports my claim will be discussed. Last week I attended the American Psychological Association Convention in Toronto, Canada. During a session, a White male talked that how is beginning to see and understand privilege, pa rticularly white privilege. The discussion continued with other comments about privilege and all from those who were the recipients of white privilege. According to the dictionary, privilege is a right or immunity granted as a peculiar benefit, advantage, or favor (marriam-webster, n.d.). Those that are privileged fall under different categories. One area that people often glaze over, as well, is heterosexism, which is when heterosexuals discriminate or show prejudice towardShow MoreRelatedAnalysis Of Nella Larsen s Passing, Issues Of Race, Identity, And Privilege1626 Words   |  7 PagesIn Nella Larsen’s Passing, issues of race, identity, and privilege are explored. Irene Redfield, the African American wife of a doctor, is herself â€Å"passing† in the Drayton Hotel’s rooftop garden when she comes across Clare Kendry, a childhood friend. Clare is passing as white in her daily life with her husband believing that she is a white woman. Although Irene does not approve of Clare’s passing, and tension exists among the characters, Irene grows to feel sympathetic for Clare and becomes closerRead MoreThe Readings White Privilege : Unpacking The Invisible Knapsack, By Peggy Mcintosh, White Women, Race Matters1425 Words   |  6 PagesThe readings White Privilege: Unpacking the Invisible Knapsack, by Peggy McIntosh, White Women, Race Matters by Ruth Frankenberg and Representing Whiteness in the Black Imagination, by bell hooks, all cover the issue of whiteness from different perspectives. There are many aspects of whiteness; in this essay, I will argue that the two most important features are the absence of knowledge of the issue on the part of white people and stereotype consequences. A key point in racism is whiteness, andRead MoreWhite Privilege And Black Privilege1578 Words   |  7 PagesWhite privilege is the ability for whites to maintain an elevated status in society that masks racial inequality. It is also considered a s ystem of advantage based on race, as well as societal privileges that benefit white people. It is usually known as the â€Å"other†, or the opposite side of discrimination. Some people in society, typically people of color, feel as though people with white skin have benefits over people of color, just because they’re white. White privilege is sometimes seen as a higherRead MoreThe Importance Of Privilege In Society846 Words   |  4 PagesWhat is privilege? Privilege, is a right or benefit that is given to some people but not others. The word privilege is generally taught at a very young age. Privilege is thought of something that is earned, not something that is just a given to you in everyday life. White privilege is an advantage that the white people have in our society. Most of our privileges are unearned and unnoticed in our daily life’s. In our daily life it is consisted of privileges that are always not recognized becauseRead MoreAnalysis Of The Play S traight White Men 866 Words   |  4 Pagesâ€Å"Straight White Men,† a play examining the values and privileges of being a straight white male. The play is set in a house on Christmas Eve. Although we originally chose this performance because it fitted best with our schedules, I was interested to see what message the Asian playwright wanted to convey to her audience through the interactions of a white family. As a student at the University of Michigan, I interact with students of many different races on a daily basis, so I felt that the play couldRead Morewhite privilege1595 Words   |  7 Pagesï » ¿ White Privilege: Reflection Paper Northeastern State University Abstract This paper is about my reflection of White Privilege in the United States. I got my information from four resources. The first resource was the handout provided for this assignment; White Privilege: Unpacking the Invisible Knapsack, by Peggy McIntosh. The second resource was the website, www.jstor.com. Access is provided via Northeastern State University as a resource for peer-reviewed articles. ThirdlyRead MoreFeminism And Its Effects On Women924 Words   |  4 Pageschanges how they suggest a man can and should use his male privilege, which affects the conversations and how feminism moves forward. As alluded to earlier, profeminist men understand and sympathize with women’s movements and agree with their vision. Because they support feminism, Kimmel and Buchbinder educate and mobilize men to support feminism. They do this by addressing men and men’s movements while simultaneously pointing out the flaws and issues within these movements, such as the confusion the entitlementRead MoreAnalysis Of The Documentary White Privilege921 Words   |  4 Pageswas what white privilege was and what it means to those being interviewed. The term â€Å"white privilege† seemed to evoke many different responses, some couldn t even answer when asked What are the disadvantages of being white? by the interviewer. One of the interviewees even taught a class on white privilege to other white students at is college. There he posted several privileges that white people had over those of color and discussed them, including that whites can ignore the issues people of colorRead MoreThe Research Into Racial Inequality850 Words   |  4 Pagescontinues to grow, it has become increasingly important to examine the privileges experienced by Whites (Bonilla-Silva, 2006). But to effectively examine this, the White individual must accept the fact that White privilege and racism still very much exist in the United States and how it affects all aspects of our culture and institutions. E. Janie Pinterits was conducting research on the existing scales of White privilege and noted that they were all unidimensional, only focusing on the cognitiveRead MoreI Am A White, Heterosexual, Christian Female1661 Words   |  7 Pagessociety, there can be three issues with my cultural identity. As a white person today, there are many stigmas that are faced, along with many cultural biases. As a Christian, there are also major social biases that are brought forth regularly. In today’s world, many people choose to talk about white privilege; however, there are also many other forms of privilege that are considered too taboo to speak about in public. While I will not deny that there are â€Å"white privileges†, there is a legitimate case

Swot Analysis For A Pharmacy - 844 Words

Every business has its strength, weakness, opportunities and threats. These days most of the businesses do SWOT analysis for improvement. I work at a leading pharmacy in Newark, so I decided to do a SWOT analysis on it. This pharmacy started business in 2012. I chose this business because it is the ideal business to do the SWOT analysis on, as it has its advantages and disadvantages. The SWOT analysis allowed me to find all the flaws as well as advantages of the pharmacy as well as ways to improve and to protect it from threats. If a business has many weaknesses, the SWOT analysis can help the workers and owners of the business become aware of it and can allow them to improve the business. So no harm or disadvantages come from doing the SWOT analysis. First advantage of the SWOT analysis is it identifies the strength of the business. The pharmacy I work at has location, long term customers, and the acceptance of all health insurances as its strength. The pharmacy I work at does not have any competitors nearby, the customers are regulars and only get their medication from here, and accepting all health insurances allows us to have more customers. The more customers, the more profit. The long term customers allow us to be insured that our customers are loyal to us and will continue with our service. Being conscience of all your business’s strengths allows you to also see its weaknesses. Believe it or not, but being aware of your businesses weaknesses is beneficial for you.Show MoreRelatedA Swot Analysis of Walgreens in the Competitive Pharmacy Marketplace3555 Words   |  15 PagesA SWOT Analysis of Walgreens in the Competitive Pharmacy Marketplace Katy Mullis Table of Contents Page Contact Information .............................................................................................................3 I. 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Furthermore many products offered by leading drink manufacturers could not compete with Red bull in the market, suchRead MoreSwot Analysis in Pharmaceutical Industry5127 Words   |  21 PagesHistory of SWOT In the 1960’s and 70’s, Albert Humphrey is said to have developed this strategic planning tool using data from the top companies in America at the time. A SWOT Analysis looks at the strengths, weaknesses, opportunities and threats that are relevant to an organization in a new venture. A SWOT Analysis is a tool which allows users to look at the direction a company or organization may wish to move towards in the future. A SWOT Analysis is a useful tool, which in conjunction with othersRead MoreCvs Sets High Standards For Csr Policies944 Words   |  4 Pagescompany is part of the last key factor of the CSR of CVS Caremark. By providing â€Å"transparency around corporate policies and practices in ways that build trust with stakeholders, the regulatory compliance and standards will be met†(CVS, CSR). SWOT Analysis – External Environment Economic Trends Opportunities: The pharmaceutical industry continues to be a major driver of trend. While demand for medicine rapidly increases in emerging economies, a growing number of consumers are also analyzing the

Commonwealth Bank Modern Economic Growth

Question: Discuss about the Commonwealth Bank for Modern Economic Growth. Answer: Introduction The Commonwealth Bank of Australia (CBA) is a multinational bank and it has its business relationship with various countries like New Zealand, Fiji, USA, and UK and even with various Asian countries. Apart from services like retail banking, institutional banking, brokerage services it also provides various other financial services. The Commonwealth Bank was founded in 1911 by the Australian government and it is one the big four Australian banks alongside National Australian Bank (NAB) and Westpac (Commonwealth Bank, 2016). The bank was fully privatized in 1996. The Commonwealth Bank is the only financial institution to have appeared in the Dream Employer's top 20 list of preferred employers for 2010 and 2011. Comparison of the Financial Statements for the last 5 years Income Statement The relevant figures extracted from the Annual Report and the Percentage of Increase / Decrease in comparison to the prior year is presented below: Particulars 2012 2013 % Increase 2014 % Increase 2015 % Increase 2016 % Increase Interest Income 38,258 34,739 -9% 33,645 -3% 34,100 1% 33,817 -1% Interest Expenses 25,136 20,805 -17% 18,544 -11% 18,305 -1% 16,882 -8% NET Interest Income 13,122 13,934 6% 15,101 8% 15,795 5% 16,935 7% Non Interest Revenue 8,935 10,128 13% 10,667 5% 11,210 5% 10,562 -6% Total NET Revenue 22,057 24,062 9% 25,768 7% 27,005 5% 27,497 2% Income before Taxes 9,964 10,728 8% 11,997 12% 12,612 5% 12,854 2% Net Income After Tax 7,090 7,677 8% 8,631 12% 9,063 5% 9,227 2% EPS - Basic 4.46 4.75 7% 5.31 12% 5.54 4% 5.42 -2% On the revenue side, Interest Income is the major source of revenue, but it is seen that the interest income is falling constantly year after year. In comparison to this, the interest expenses are also decreasing every year thus leading to an increase in the Net Interest Income every year. The Non Interest Revenue, comprising of commissions and fees and other income is steadily increasing every year till 2015 but has fallen by 6% for 2016 (Commonwealth Bank, 2016). The Non Interest Expenses comprises of Compensation and benefits, Tech, communication and equipments, Amortization of Intangibles and Other Expenses. An overall increasing trend is observed in the non interest expenses (Nzuve, 2011). The resultant figure is the Income from Continuing Operations which is also increasing every year but at a diminishing rate. The proportion of increase of 8% and 12% in 2013 and 2014 has fallen to 5% and 2% in 2015 and 2016 respectively. After the deduction of non operating expenses like provision for taxes and other expenses, the resultant figure is Net Income available to Common Shareholders. The same trend as Income from Continuing Operations is observed here. EPS has increased during 2013 and 2014 but started falling in 2015 and has also gone negative in 2016. Overall, it can be said that CBA has achieved good income and profitability levels in 2013 and 2014 but the momentum is not being carried on and 2015 marks the commencement of the fall in incomes and profits (Coyle, 2014). Balance Sheet The relevant figures extracted from the Annual Report and the Percentage of Increase / Decrease in comparison to the prior year is presented below: Particulars 2012 2013 % Increase 2014 % Increase 2015 % Increase 2016 % Increase Derivative Assets 38,937 45,340 16% 29,247 -35% 46,154 58% 46,567 1% Debt Securities 92,046 96,765 5% 1,05,342 9% 1,19,111 13% 1,32,768 11% Net Loans 5,25,682 5,56,648 6% 5,97,781 7% 6,39,262 7% 6,95,398 9% Premises 2,503 2,718 9% 2,816 4% 2,833 1% 3,940 39% Goodwill 7,705 7,723 0% 7,566 -2% 7,599 0% 7,925 4% Other Intangible Assets 2,576 2,700 5% 2,226 -18% 2,371 7% 2,459 4% Other Assets 48,780 41,982 -14% 46,473 11% 56,116 21% 44,021 -22% Total Assets 7,18,229 7,53,876 5% 7,91,451 5% 8,73,446 10% 9,33,078 7% Deposits 4,37,655 4,59,429 5% 4,98,352 8% 5,43,231 9% 5,88,045 8% Derivative Liabilities 39,221 38,580 -2% 27,259 -29% 35,213 29% 39,921 13% Payables 9,561 10,050 5% 10,467 4% 11,105 6% 9,774 -12% Short-term Borrowing 1,56,555 1,64,793 5% 1,72,224 5% 1,92,789 12% 1,91,486 -1% Other Liabilities 34,196 36,069 5% 34,338 -5% 38,677 13% 43,646 13% Total Liabilities 6,77,188 7,08,921 5% 7,42,640 5% 8,21,015 11% 8,72,872 6% Stockholders Equity Preferred Stock 939 Common Stock 25,175 27,262 8% 27,975 3% 28,558 2% 33,845 19% Retained Earnings 13,356 16,360 22% 18,827 15% 21,528 14% 23,627 10% Accumulated Other Comprehensive Income 1,571 1,333 -15% 2,009 51% 2,345 17% 2,734 17% Total Shareholders Equity 41,041 44,955 10% 48,811 9% 52,431 7% 60,206 15% The Total Assets have steadily increased by 5% in 2013 and 2014 but 2015 has seen an increase of 10% and 2016 of 7% respectively. The same is the case with the increase in the figures of total liabilities. Shareholders Equity has increased by 10%, 9%, 7% and 15% for the years 2013 to 2016 respectively. As assets and liabilities are constantly changing figures, the ups and downs are quite evident, but overall the company is growing and the shareholders equity represented as a part of the retained earnings and accumulated other incomes is displaying a healthy growth (Dawson, 2006). The Commonwealth Bank is Australia's biggest retail bank which provides variety of products and services which includes providing loans, credit card transaction and savings account. The bank has largest branch and ATM network. It also provides services to people who intend to move to Australia (Australian Government, 2013). Recent Scandals Commonwealth Bank is one the most important banks of Australia. It not only derives profit but also finances from income earned through activities which has caused destruction to the Great Barrier Reef. Because of such activity the bank has faced a lot of scrutiny from public and has come under extreme pressure after a report by Market Forces in 2013. In 2014 the Commonwealth Bank came under a lot of pressure and they were asked to withdraw their investment on every mining project that would threaten the reef. It was revealed later 2014 that CBA had advised Indian coal miner Adani on its proposed development in Galilee Basin in Queensland. A report by Market Forces in 2015 that CBA was the single biggest investor in projects concerning fossil fuels, during the six year period from 2008-2014, within the Great Barrier World Heritage Area. Immediately after the report protests were held at more than fifty branches of CBA in Australia and around the globe. A report by MSCI showed that Australia's largest bank invested ten percent of their know loan arrangements on risky fossil fuels project which might become irrevocable if the world wanted to avoid disastrous climatic change. The former financial planner of CBA Jeff Morris made a claim to Australian Securities and Investment Commission (AISC) about the extent of misconduct of CAB's financial planning arm, Commonwealth Financial Planning Limited (CFPL). ASICS launched an investigation after 16 months. The Senate Inquiry found in its report that there was forgery and dishonest concealment of material facts. The Senate Inquiry concluded a Royal Commission as it was considered that AISC didn't have enough investigating powers required to disclose the extent of allegations made. After a week of Senate Inquiry, CEO Ian Narev issued an apology statement and announced a compensation scheme. Former CEB Ralph Norris also accepted the fact that he was aware of the problems that existed within CFPL but denied claim that there was any conspiracy for covering the cracks. New requiredadjustments in balance sheet (new provision of funds) and their description The Basel Committee on Banking Supervision issued the Pillar 3 disclosure requirements which aim at market discipline and requires bank to have sufficient credit standing to meet the market and operational risks due to the exposure to risk weighed assets. As a result of this disclosure requirement, the Notes to Balance Sheet sets out the Tier I and Tier II risk weighted capital ratios. Apart from the regulatory adjustments to Tier I, the additional Basel III complying instruments of $5,000 M are set aside as PERLS VI PERLS VII Capital Notes were issued by the bank. The other instruments that were not eligible to be complying instruments for Basel were either redeemed or called back and cancelled by the bank. As markets and business conditions have become increasingly complex, these notes were critically reviewed to be offering lower returns with higher risk. Thus, the required arrangements were made by the bank in terms of additional fund raising in light of the new requirements of the Basel Committee (Horton Ganainy, 2010). Disclosure Scandal In 2016 it was revealed that some Of CBA staff were involved in a fraud amounted to 76million dollars and those staff involved received secret commission for their role in this claimed fraud which was organized by the management of the bank for almost five years before the police were altered. The CBA initially prevented the release of internal documents and emails but was but were ordered by the court to hand over those documents to one of the victims named Nick Fotopoulos, a property developer in Melbourne, who lost five millions and he also launched a civil action against the bank. The spokesperson of CBA did not comment on the situation while the matter was before court. Many of the financial planners of CBA have been banned by the Australian Securities and Investment Commission for providing inappropriate advices and for charging extra commissions and fees and in some cases it was claimed that they committed act of fraud (Osborne, 2009). Recently Commonwealth Bank of Australia revealed its view that is has found every one out of ten files missing of customers who applied for checking of their records, accounts and investments as a part of the bank's compensation scheme (Brealey et. al, 2011). Culture of the organization Commonwealth Bank of Australia has decided to reinvent its way of dealing with the customers. The idea of making customers the focal point within the traditionally assets driven industries which includes manufacturing and financial services, is a complex challenge (Horton Ganainy, 2010). Instead of focusing on the desire of customers the organization had focused more on running the assets. Too much time, energy and money have been spent on the products and infrastructure. This is in direct contrast to the functioning of an organization that focuses of customer's wants (Choi Meek, 2011). As per the list of Customer Service Champions, the organization that have focused on what the customers want have done really well, some of them are Amazon.com and ING Direct. Several local Australia brands have also excelled in this area and the most notable performer has been Commonwealth Bank of Australia (CBA). In 2006 CBA launched their vision by putting the wellbeing of the customer at the centre of everything. The goal set by the organization was simple yet challenging that is to meet the expectations of the customer across of the business area. With the vision of fulfilling customers` expectations their main aim, CBA looked for new ways of with customers in a better way and giving them the services they seek for (Whittington, 2008). In the case of commonwealth bank, the conceptual framework underlines the process of financial reporting. The main benefit that accrues is that the system is well established and a continuous flow is maintained. The purpose of financial reporting is properly ascertained. The concept has provided immense benefit to CBA in terms of identification of the boundary of financial reporting, transaction selection, recognition and measurement and summary (Acemoglu, 2011). Recommendation CBA is a standout performer in the Australian market. Almost a decade ago, the organization decided to refresh it's method of dealing with customers. This idea was lead by then CEO Ralph Norris and today it's continuing under current CEO Ian Narev. Mr. Narev announced that the group would build on this idea and the organization believed that there are four key areas which needs to be taken care of and are capable of continuing the vision of the organization. Those four key areas are - people, technology strength and productivity (Enria, 2014). Further it can be said that the coming years will be prosperous for the bank owing to the new standards and leadership. Conclusion On a concluding note it can be said that the Commonwealth wealth bank is a strong runner in the Australian market and that can be witnessed by the financial statements. It has made commendable progress and has stressed on every aspect of development. Going by the above report it can be said that though there have been scandals and manipulations in the past yet it has managed to remove the problems. Overall, the performance is strong and is expected to continue the journey. References Acemoglu, D. (2011). Introduction to Modern Economic Growth. Princeton University Press, 2011). Australian Government (2013). Budget Strategy and Outlook, Budget Paper: Commonwealth of Australia, RetrievedAugust 19, 2016, from https://www.valuebasedmanagement.net/organizations_fasb.html Brealey, R., Myers, S. and Allen, F. (2011). Principles of corporate finance. New York: McGraw-Hill/Irwin. Choi, R.D. and Meek, G.K., (2011). International accounting. Pearson . Commonwealth Bank. (2016). Commonwealth Bank annual report 2016, Retrieved August 20, 2016, from https://www.commbank.com.au/about-us/shareholders/financial-information/results.html Coyle, D. (2014). GDP: A Brief but Affectionate History. Princeton University Press. Dawson, G. (2006). Economics and Economic Change. Prentice Hall. Enria, F. (2014). Disclosure of Accommodative Monetary Policy meaning. SA: Frank Enria. Horton, M and Ganainy, El. (2010). Fiscal policy: taking and giving away, International Monetary Fund, Oxford Press. Nzuve. S, (2011). Some Thoughts of How to Allocate Indirect Costs in a Corporate Environment, Social Science Research network, School of Business, University of Nairobi. RetrievedAugust 19, 2016, from https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2141692 Osborne, P (2009).Storm Financial collapse plan outlined.The Age (Melbourne). RetrievedAugust 19, 2016, from https://www.smh.com.au//breaking-news-business/storm-financial-collapse-plan-outlined-20090810-ef9y.html Whittington, G (2008) Harmonization or Discord? The critical role of the IASB conceptual framework review. Journal of Accounting Public Policy, 27(6), 44-56