Rich Dad Essay -- essays research papers

A true tale of two dads, one dad is a highly educated professor, the other, an eighth grade dropout. The educated dad left his family with nothing, except a few unpaid bills. The dropout later became one of Hawaii’s richest men and left his son a fortune. The educated dad would say, â€Å"I can’t afford it† while the other, asked, â€Å"How can I afford it?† Rich dad teaches the boys priceless lessons on money, by making them learn through experience. The most important lesson he teaches is to free yourself from the â€Å"rat race† of life and learn to make money work for you, and not be its slave. He knew that financial literacy would help prepare the boys for their life. Though one must have a job, Rich Dad taught the boys to eventually use your day job to begin minding your own business. The first lesson the two boys learned was that the rich do not work for money. One should work to learn, not make money. At age 9, Robert Kiyosaki and his best friend Mike asked Mike’s father to teach them how to make money. After 3 weeks of dusting cans in one of Rich Dad’s convenience stores at 10 cents a week, Kiyosaki was ready to quit. Rich Dad pointed out this is exactly what his employees sounded like. Some people quit a job because it doesn’t pay well. Others see it as an opportunity to learn something new. Next Rich Dad put the two boys to work, this time for nothing. Doing this forced them to think up a source of income, a business scheme. The opportunity came to them upon noticing ...

THE BLACK PRINCE Essay -- Essays Papers

THE BLACK PRINCE Edward was born the eldest son of Edward III, king of England. For most of his life he was know as Edward of Woodstock, but we know him as the Black Prince. He was created duke of Cornwall in 1337, the first duke to be created in England, and prince of Wales in 1343. In 1355, he joined his father in the campaigns of the Hundred Years War, as his father's lieutenant. He established his reputation for valor at the battle of CrÈcy (1346) for his command of the right wing of the English army. At this time he was only the age of 16. It was probably the French who called him the Black Prince, because he wore black armor. This is assumed because the name was not recorded in England until the 16th century. In 1355 the Black Prince led an expedition into Aquitaine, and in 1356 he defeated and captured John II of France in the battle of . Edward became ruler of the newly created English principality of Aquitaine in 1363. In 1367 he went to the support of the Spanish king and temporarily restored him to his throne by the victory of NÂ ·jera. However, the expenses of the wa...

The Observation of Savage Peoples (1800) :: Essays Papers

The Observation of Savage Peoples (1800) Synopsis Joseph-Marie Degerando was a revolutionary, French philosopher who transcribed one of the original guidelines for the study of anthropology in the year 1800 titled, I: Societe des Observateurs de l’Homme in French, and translated into English as, The Observations of Savage Peoples. According to the author of the introduction and translator of his work into English, F. C. T. Moore, Degerando’s guidelines were a â€Å"capital work of anthropology† (Moore, U of CA Press. p. 2). Whether Degerando provided the most accurate guidelines for the study of humans is argued; however, his work was certainly influential as it served as a foundation for the science of anthropology. In fact, Moore declares there are consistent similarities between the anthropological recommendations of Degerando and those practiced by modern day anthropologists (Moore, U of CA Press. p. 4-5). Although Degerando’s work is considered one of the earliest influential works serving as a foundation for the field of anthropology, the work was not successful at the time of its publication. Many reasons for its failure are speculated within reviews of the text which offer both criticism and approval. Moore provides an extensive overview of the history of the text in his introduction to The Observations of Savage Peoples, as well as an assessment of its success and failures at the time of its publication. Also, the article, â€Å"Disappearing Savages? Thoughts on the Construction of an Anthropological Conundrum† by John W Burton, also offers some criticism of Degerando’s text. The inspirations of Degerando to write such guidelines in the year 1800 are numerous. At the time of its publication, Degerando was part of a new found society in France in 1799, the Societe des Observateurs de l’Homme. This society was formed in coincidence with increased interest in primitive peoples. We find in Moore’s text, â€Å"False Beginnings: early nineteenth century episodes in the human sciences†, an exert describing the intentions and purpose of the society from the journal, Magasin Enyclopà ©dique, In taking the name Socià ©tà © des observateurs de l’homme, and the ancient motto ‘Gnothi seauton’, Know thyself, the society has devoted itself to the science of man, in his physical, moral and intellectual existence; it has called to its observations the true friends of philosophy and moral reality, the deep metaphysician, the practical doctor, the historian, the traveller, the student of the nature of language, the educationalist. In this way, man, followed and compared in the different scenes of life, will become the subject of research the more useful as it is free from passion, prejudice and excessive systematization.

12 Angry Men and To Kill A Mockingbird

Brain Storming†¦ Compare and contrast the two trials of Tom Robinson in To Kill a Mockingbird and Twelve Angry Men. * Similarities: * In To Kill a Mockingbird, Atticus defends Tom Robinson even though there was little chance he could win the trial. He did all he could to help Tom, and put 100% effort into the trial. In Twelve Angry Men, juror number 8 defends the boy, even though everyone else believes he’s guilty. They both did not give up and in it till the end. * They are dealing with prejudice in both.In To Kill a Mockingbird, the prejudice is seen because Tom is a black man going against a white man’s word, and the jury is all white and prejudice. In Twelve Angry Men, prejudice is seen because the boy in trial is from the slums; he is criticized because of where he lives. * Juror # 8 and Atticus both use evidence and facts to prove their point. They use logos. * In both the book and the play, a life is at stake. The defendant would be put in the chair if prove n guilty. * You never find out if the defendant is truly innocent or guilty. You only find out what the jury decides. The words of witnesses are doubtful. * Differences: * Atticus lost the trial, but juror # 8 convinced the rest of the jury to vote â€Å"not guilty†. * Atticus is a lawyer, so he was defending Tom in court. Juror # 8 was part of the jury and was defending the boy against the rest of the jury, trying to get them to vote â€Å"not guilty† * Tom is accused of rape; the boy is accused of murder. * In Twelve Angry Men, there is more physical evidence of the crime then in To Kill a Mockingbird. In To Kill a Mockingbird there is mostly just the word of witnesses for evidence.

Jean-Paul Sartre Essay

As we grow and become an adult that is able to form our own opinion is almost like a rite of passage because reading over the six steps almost seems like I have been a part of each step at some point in my life. When I was growing up I think relating to Stage 1: The Punishment and Obedience Orientation was definitely part of my life. Of course we don’t want to get in trouble as kids so generally we recognize that the authority will provide a severe enough punishment that will stop us from doing whatever we did again. I put myself at Stage 4: The â€Å"Law and Order† Orientation. Before I returned to college I wanted to join the San Antonio Police Department and I almost made it. I was excused from the application process at the third stage of the process because of 1 question. I have been in favor of law enforcement for probably 10+ years. I also believe my military past supports the argument of placing me at this stage. I also believe Stage 4: The â€Å"Law and Order† Orientation best describes me because it is essentially how I have lived my life the previous 10+ years. From joining the military to trying out for the SAPD I recognize there are procedures and guidelines established to keep the world and our country a safe place to live. Of course there are people that try the law and want to stretch it to the brink and this goes both for criminals and politicians that use laws and loopholes for personal gain. Providing support for my decision is simple. I have a tendency to instantly report or confront someone that is breaking or stretching the law. I have confronted three people living at my townhome complex about dogs being off of leashes while being outside. It is against complex policy and I have reported all three individuals simply because I feel like this is my neighborhood and when kids are outside playing I will always assume a dog is aggressive because terrible things do happen. I have a german shepherd that is never off the leash unless inside the dog park fence. Cleaning up after the animal is also our responsibility because diseases can be spread through an animal’s waste. That is also something I have confronted tenants about and reported them for. Krishna’s advice is all about standing by your upbringing. I take it to mean that you must always follow your path regardless of the outcome or consequences. Therefore, Arjuna is a warrior at war, because of this he must always fight when directed to fight regardless of the consequences. I’m not completely sure how you compare or relate Krishna’s advice to care ethics because to me care ethics is not shown even in the slightest by Krishna. For me to say I would definitely fight the war would be wrong. For me to say that I would definitely withdraw would be wrong. Frankly, I have no clue how I would act or what I would do on the battlefield. I have been deployed and stationed in warzones but I had no relations or ties to the people we are at war with. Arjuna has friends and family standing on the same battlefield that may die during this conflict. This is not a factor I had to consider when being deployed. So, for me to say that I would fight or would not fight is not an answer I can straight up provide because I have never and will probably never be faced with that situation. Ethically, I don’t think I gave an answer that can be analyzed like it should be. I think that providing a run around answer may be a slight display of selfishness. I say that because I don’t know how to answer a question that involves going to war with family. I can say that if family is not included on the opposing side I would do what my country asked of me and go fight. In order to give a definite response to whether I could fight against family and friends I would have to be put in that situation. There are also consequences to not fighting when your country requests that you go to war. So, the consequences would also be going through my mind at judgment time. A virtue can be argued that the virtue is that person. For example I hold a virtue of cleanliness and honestly something that is out of place or something that is an eye sore will irritate me to the point of fixing the mess. Almost every day at work I notice something out of place such as a wrapper on the floor or stain on someone’s desk. These examples bother me to the point of needing to resolve the problem. I believe a virtue can guide a person through their day-to-day life just like possessing morals. A strongly valued virtue is just as evident as someone with strong morals. Morals just like virtues can be practiced every day. However, we must practice virtuous acts regularly. After a while, these acts will become a habit and so the virtuous acts part of our everyday life and the person will be leading a life guided by his virtues. People who practice their virtues improve their skills and therefore become happier. According to Aristotle the person who struggles to acquire virtues is in the long run a better person and is much happier because of the extra hard work it took to acquire the virtue. By continuously practicing your respective virtues people will soon be acting in the right way based on the virtue the person is trying to master. I do not believe people are exclusively good or bad, but become good or bad according to their habits they develop throughout their lives. When a person learns how to use the virtues they become the characteristic of the person. A person who has learnt the virtue of generosity is often called a generous person because he or she acts in a manner that displays generosity in all situations. People are more likely to acquire virtues by observing others in our society. If we experience other people being kind to us and see the happiness it creates we are more likely to practice this virtue then if we were just told to practice it. Programs like Big Brothers Big Sisters help influence the younger generations so that they follow in the correct footsteps. Our virtues guide us to be the person we are and the person we ultimately want to be. Being virtuous can alter for the good, and the bad, a moral problem we may face throughout our lives. John Calvin’s work focused on individuals and how the individual could do nothing to ensure their own salvation. John Calvin’s line of thinking more closely relates to determinism. John relates to determinism because his theory is all about people not being able to freely guide their own salvation. Isaac Newton focused on nature and that the entire universe is governed by natural laws and because of this there is no freedom. Isaac Newton’s line of thinking more closely relates to determinism. If the universe is governed by natural laws then the ability to be free cannot exist. Also the fact that human beings are physical in nature makes people susceptible to natural law and therefore freedom is an illusion. Charles Darwin was a big believer in evolution and that everything evolves at different stages and only the fittest survive. Charles Darwin’s line of thinking more closely relates to determinism. I believe determinism is present because nature causes the evolution based on defined parameters. This theory provokes survival which is triggered by something else such as a weakness that evolution fixes. Karl Marx believed more about social character and how our actions are determined based on the economy and socially determined. Karl Marx’s line of thinking more closely relates to determinism. This theory identifies a cause such as economic struggle being the reason for a person’s situation. Everything is based on social classes and your class is determined at birth. Sigmund Freud explains that people are determined, even the unborn because of our unconscious minds. Sigmund Freud’s line of thinking more closely relates to determinism. I say determinism because a life is extremely influenced by their parents so the ability to freely make choices does not exist. A choice is more often the result of someone else’s influence. Lastly, Jean Paul Sartre to me is more of a realist because he discusses that people are born in to a situation and sometimes are unable to help their situation and social status. However, Jean Paul Sartre also believes people have a capacity to alter how they live. Jean Paul Sartre’s line of thinking more closely relates to freedom. After reading all these theories, I feel like Jean Paul Sartre’s theory is really the only theory that allows freedom of choices. Human beings from birth are placed in a class, but based on this theory all people have the ability to change their class or status. I believe justice is hard to pin-point because justice can be displayed in both ethically and unethically. Reliving an assignment I completed earlier talked about torture and whether or not I thought it was justified. I believe torture can stand on the same line as justice. However, I can also understand the opposite side saying torture is unethical no matter what form or fashion it is conducted. The elements of justice are open to interpretation and the consequence of justice is arguable. When implementing a form of justice there are always consequences to those actions. In order to fully understand the justice form you need to identify all angles of the decision. This is where the decision making becomes tricky because most people like to make a decision and run with it. However, you should always take a step back and weigh every possible decision and its outcome before implementing a decision. To better understand how a consequentialist works I will provide an example. For instance, if John Doe thought to himself one day that he was going to rob a bank he would most likely make a plan. First, John would try to decide if robbing the bank would even be worth it. Then John would scrutinize every aspect of the plan to ensure the best possible positive outcome. John would also attempt to predict the consequences of robbing the bank and failing because a consequentialist brings everything in to consideration. It is easy to identify the differences of right and wrong because everyone innately knows what is right and what is wrong. All human beings also have the ability to identify the consequence to our actions. Unfortunately people most generally act without thinking and therefore find themselves sitting on the wrong side of the law. This is when people find out how justice actually works.

Atlantis

Atlantis is the subject of a legend about an advanced island civilization that was destroyed or lost. I believe Atantis is located in Bolivia based on historical evidence, advanaced architecture, advanced adimttance to road systems, and clues found in the text Critias written by the ancient Greek philospher Plato. The historical evidence in Bolivia and Atalantis match up because both civilizations were wealth, and had advanced architectual buildings. â€Å"There is historical evidence they usesd advances architectural and agricultural techniques†¦ (http://boliviabella. com/history. html). In Critias:†Ã¢â‚¬ ¦ they had such an amount of wealth†¦ and they were furnished with everything which they needed,both in the city and country†(paragraph 14). Having a great amount of wealth means the city was ran under a ruler that controlled the city, which had advanced more then other civilizations due to the amount of control the ruler had. The wealth of Atantis and Bolivia are a factor to its architecture. Both civilizations had similar advanced architecture from the materials the building were built from. In Critias:†All the outside of the temple, with the exception of the pinnacles, they covered with silver, and the pinnacles with gold†(paragraph 16). â€Å"Modern satellite mapping shows the plain, now called the Altiplano to be of rectangular configuration, perfectly level, enclosed on all sides by mountains and these mountains contained the metals which Plato told us about, namely gold, silver, copper, tin and the mysterious Orichalcum† (an alloy of gold and copper which occurs only in the Andes) and which Plato said were used to plate the walls of the circular city. The words â€Å"Atl† and â€Å"Antis† are themselves of native America origins meaning â€Å"water† and â€Å"copper† respectively and the plain is subject to earthquakes and floods such as Plato said sank the city in a single day and night of rainfall†(http://www. atlantisbolivia. org/atlantisboliviapart1. htm). The two qoutes show that both had acces to the same materials that were used for various reasons like architecture. The civilaztion was so advanced that they had a road stystem and other things we use today like bridges. â€Å"They created a system of roads,aqueducts and hanging bridges, some of which still exist today†(http://www. oliviabella. com/history. html). In Critias:†First of all they bridged over the zones of sea which surrounded the ancient metropolis, making a road to and from the royal palace†(paragraph 15). This qoute proves that Atlantis had bridges and roads which Bolivia also had early on in their civilazation. In conclusion, I believe that Atlantis is located in Bolivia based on historical evidence, advanced architecture, and advanced admittance to road systems. Clues provided by Plato in Critias his historical account of Atlantis were also found in Bolivia, that helped me lead to the conclusion that Bolivia is where Atlantis existed.

Monetary Policy and Its Impact on the Recession

Running head: MONETARY POLICY/MACROECONOMIC IMPACT PAPER Monetary Policy/Macroeconomic Impact Paper Heather Robinson University of Phoenix MMPBL 501 04/25/2010 Introduction The Federal Reserve Board (FED) utilizes tools to control or manipulate the money supply, these tools affect macroeconomic factors such as inflation, unemployment and interest rates, which ultimately determine a country’s GDP. To recommend the best monetary policy combination I will discuss the tools used by the feds, explain how money is created and also illustrate the effect of the money supply on the economy. It is the money supply which determines the rate of inflation, unemployment and economic growth. Tools Used by The Federal Reserve To Control Money Supply. The Fed has three main tools for controlling the money supply these are their Open Market Operations, The Discount Rate, and The Reserve Ratio. These tools can be used to alter the reserve ratios of the commercial banks which in turn determine the money supply. â€Å"The money supply consists of currency (Federal Reserve Notes and coins) and checkable deposits. The U. S. Burea of Engraving creates Federal Reserve notes and the U. S. Mint creates the coins. †(McConnell & Brue 2004) â€Å"By purchasing government bonds, (securities) the Fed increases the reserves of the banking system which then increase the lending ability of the commercial bank,†(McConnell & Brue 2004) and the money supply available. Selling bonds will also achieve the opposite results namely reduce the money supply by reducing the reserves of the bank. The central bank desires to be a lender of last resort. When the commercial bank borrows it gives the Fed a promissory note drawn against itself and secured by acceptable collateral. The Fed charges interest on the loans which is called the discount rate. The new reserve obtained by borrowing from the Fed immediately becomes excess reserves as no required reserve needs to be kept for loans received from the Fed. Thus by reducing the discount rate, commercial banks can be encouraged to borrow from the Fed which directly increases their excess reserves and their ability to lend, so the money supply is increased. The opposite can also be done to reduce the money supply. The Fed can also manipulate the reserve ratio as a means of affecting the ability of commercial banks to lend. If the Fed increases the reserve ratio the commercial bank is forced to reduce its checkable deposits in order to increase its reserves to the new minimum requirement. It might also be forced to sell some bonds in order to increase its required reserves, and both scenarios would result in a reduction of the money supply. By lowering the reserve ratio the commercial banks reserve is transformed into excess reserve which increases the banks capability of lending, which increases the money supply. â€Å"Interest rates in general rise and fall with the federal funds rate. The prime interest rate is the benchmark rate that banks use as a reference point for a wide range of interest rates on loans to business and individuals. † (McConnell & Brue 2004) Therefore when the Fed changes the discount rate it also changes the prime interest rate. A lower discount rate is passed on to consumers who then are able to obtain lower interest rates for mortgages and credit cards which increases their disposable income. This higher disposable income then results in more demand for goods and services which causes an increase in the supply of these goods to meet the increasing demand. Also an increase in the money supply and more money to lend by the banks result in more credit for businesses who are then able to purchase more materials to produce more or invest into the expansion of their businesses. The end result is that more goods and services are being produced as a result of the increase in money supply, which is beneficial to the country’s GDP. â€Å"In brief, the impact of changing interest rates is mainly on investment (and, through that, on aggregate demand, output, employment and the price level). Moreover investment spending varies inversely with the interest rate. †(McConnell & Brue 2004) The Creation of Money Money creation occurs in two main ways, the creation of base money, mostly currency notes created by the Federal Reserve. The second process involves checking account or deposit money created by commercial banks, which makes up most of the money supply. Base money is created when the Fed performs open market operations. The Fed injects money when it purchases Government securities, by creating it. Almost all money we come by has its basis in money that the Fed invented Once this money has been created approximately ten times as much can be created by banks in checking accounts and deposits. They accomplish this by granting loans to the public, a corresponding amount of checking account money is created with each new loan. So money is created when the money supply is increased. Using expansionary monetary policy, decreasing the reserve ratio and discount rates, or buying bonds and securities result in money being created. State of the Economy With regards to the U. S. conomy, it has â€Å"contracted further since the beginning of the recession, and the labor market worsened over the first half of 2009†. according to the published monetary policy report to the congress. (MPRC July 2009) Economic activity decreased sharply and strains in financial markets and pressures on financial institutions overall intensified. (MRPC July 2009. ) However the negative activity appears t o be abating, unemployment has continued to increase but at a slower pace, while inflation has been minimal. To date the credit conditions continue to be restrictive and it is still difficult for businesses and households to receive credit. The U. S. real gross domestic product (GDP) was less than the first quarter of 2009, though it seems that the† contraction of overall output looks to have moderated somewhat of late. â€Å"(MPRC July 2009). Consumer spending was increased due to the tax cuts and increases in various benefit payments received as part of a stimulus package, which increased disposable incomes. The housing market has experienced some stabilization in the demand for new houses after three years of persistent declines. Businesses however have continued to decrease their capital spending and liquidating of inventories due to reduced demand and excessive stocks. More recently foreign demand has also dropped for U. S. products which produced a reduction in U. S. exports and the U. S. demand for imports also fell. Concerns of the Federal Reserve and Directions of Recent Monetary Policy The Federal Reserve policy action has focused on facilitating economic recovery and encouraging the flow of credit, which brought the federal funds rate down to a historic low rate of zero to one quarter percent, and also purchased additional agency (MBS) mortgage backed securities. MPRC 2009) â€Å"Overall consumer price inflation which slowed sharply late last year remained subdued in the first half of this year, as the margin of slack in labor and product markets widened considerably further as prices of oil and other commodities retraced only a part of their earlier steep declines. †(MPRC2009)There is no effort to control inflation which seems to be under control so all emphasis is been placed on assisting the economy in recovering from the recession using monetary policies. In addition to reducing the federal funds rate and purchasing securities, the Fed continued to provide funding to financial institutions and markets using a variety of credit and liquidity facilities. Recent monetary policy actions include the decision of the Federal Open market Committee (FOMC), to expand its purchases of agency MBS and agency debt and to commence the purchasing of longer-term treasury securities to assist in improving the conditions in private credit markets. The fed also announced it will expand the eligible collateral under the TALF program, which is the recently launched Term Asset-Backed Securities Loan Facility. In June 2009, at the FOMC meeting, the members of the Board of Governors of the Federal Reserve System and presidents of the Federal Reserve Banks provided projections for economic growth, unemployment and inflation, these projections included the expectation of â€Å"real GDP to bottom out in the second half of this year, and then move onto a path of gradual recovery, bolstered by an accommodative monetary policy, government efforts to stabilize financial markets, and fiscal stimulus. † (MPRC2009) It was also projected that conditions in the labor market would continue to eteriorate, and then improve slowly over the next two years, and inflation would remain subdued in 2010 and 2011. Recommended Monetary policy When trying to recover from a recession and stimulating economic growth it is possible to increase inflation due to the increase in money supply if the expansionary policies are prolonged. There has to be a balance which will reduce unemployment, deter inflation and ye t promote economic growth. Monetary policy has been the best choice to manipulate the money supply as it is flexible, prompt and isolated from political pressure. McConnell & Brue 2004) The Fed can utilize open market operations, discount rate and the reserve ratio to achieve a balance between inflation, economic growth and unemployment. If the expansionary monetary policies result in too much spending and increased inflation, it can be curbed by selling securities, or increasing the discount rate and reserve ratios of the commercial banks. In the University of Phoenix simulation, the scenarios represented opportunities to utilize monetary policies to curb inflation, unemployment and increase GDP. The solution was the effective manipulation of the discount rate, reserve ratio, and open market operations. What was noticeable was that when the money supply increased so did inflation, and the unemployment rate is inversely related to the GDP. When the GDP increased unemployment fell. Conclusion The three tools of monetary policy which include, open market operations, the discount rate and the reserve ratio are quite effective in the application of expansionary or restrictive monetary policies to combat recessions or curb inflation. Whenever the Fed lowers the discount rate or the reserve ratio they increase commercial banks lending which stimulates aggregate demand and investment. The most effective tool seems to be the open market operation which is utilized more frequently, as the Government buys and sells securities often to manipulate the commercial bank’s reserves. Monetary policy is most effective due to speed and flexibility, it is free from political pressure and can be quickly utilized to respond to inflation and unemployment, and to create economic growth. References Bankers Research Institute, The Wizards of Money Part 1: How Money Is created. Retrieved April 26, 2010 from http://www. altruists. org/static/files McConnell, C. & Brue, S. (2004). Economics: Principles, Problems, and Policies, 6th ed. McGraw-Hill Irwin. Monetary Policy Report to the Congress, July 21, 2009. Retrieved April 26, 2010 from http://www. federalreserve. gov/monetarypolicy/mpr_20090721_part1. htm University of Phoenix. (2010). Simulations Monetary Policy [Computer Software]. Retrieved from University of Phoenix, Simulation MMPBL 501 website.