Saturday, January 25, 2020
Overview of Ethernet Technology
Overview of Ethernet Technology Ethernet Network2 Research Assignment Reem Alajmi Introduction Ethernet technology has evolved to meet new bandwidth and market requirements. In addition to computers, Ethernet is now used to interconnect appliances and other personal devices. It is used in industrial applications and is quickly replacing legacy data transmission systems in the worlds telecommunications networks. In this research, we shall discuss interface options for Ethernet and the optical transport network (OTN) beyond 100G. 100G Ethernet technologies give carriers the flexibility to phase in the implementation of thesehigher-speed rates to better align capacity increases with their specific growth and budget strategies. As we will see, 100G single wavelength channel is capable of significant cost reduction for the required component. Also we will have a look into HECTO project. Because of the increasing Ethernet traffic in networks, in this paper you will find some Ethernet services should be scaled by Ethernet infrastructure which will protects the traffic. 100G Ethernet With the reality of 100G ethernet, the community has recently started to increase its ambitions to look into technology beyond 100G. Nowadays, ethernet is keeping up with the plethora of data services that drive exponential network traffic growth between 40 and 90 percent per year. IEEE 802.3 has 10x bit rate scaling by incorporating 40G ethernet into the 100G standard. This way shows us the increasing technology gap between desired ethernet rates and cutting-edge serial transmission bit rate in 100 LAN technologies. For the 100G WAN technologies, they need to accommodate exponentional rising traffic demands increasing per-fiber WDM capacities. In the future, there might be 400G LAN technology. It will likely continue the parallel transmission approach by 100G Ethernet, but the degree of 400G Ethernet is higher comparing to the 100G Ethernet standard. For 400G WAN technology options it must be higher spectral efficiencies to allow increase WDM system capacities. Nowadays,1 Tb/s interface rates differ. 1 T Ethernet and OTN will almost certainly need significantly parallel transport interface in the LAN and in the WAN. High-speed components for 100G Ethernet transmission in one wave length only To transmit 100G b/s on multiple wave length is almost impossible because of the partitioning of the signal and the different speed at which the lower-rate signals propagate through the fiber. So, the transmission of signal at 100 G b/s data rate on one wave length seems to be simple and straight forward by using on-off-keying (OOK). There is also a way to make this transmission works. We can use quadrature phase shift keying with polarization multiplexing and coherent detection. This phase carries the information of 4bits instead of 1bit, but the transmission is very expensive because of the complexity of it. The utilization of four wave length and 25 G b/s for each sub signal is the result of comparing a low number of wave lengths and the low bit rate of the sub signal. HECTO HECTO is the name of a project done by European commission which is the short-term of: (High-speed Electro-optical Components for Integrated Transmitter and Receiver in optical Communications). The idea of this project is to develop the circuits for a rate of 112G b/s with error-free operation. The goal of HECTO is to make 100 Gb/s Ethernet cost efficient components for electrical to optical as well as optical to electrical conversion. These converters should be developed as integrated devices to achieve high-performance devices and cost-efficient technologies. Also the project tries to develop both components in tight cooperation. Dedicated system experiment were planned to investigate the proper interaction between the transmitter component ant the receiver component. The transmitter and the receiver for fiber optical communications should be able to be manufactured as products after completion of the project based on serial 100 GbE signals requiring about 100G b/s. The result achieved by the HECTO consortium would strongly impact the telecommunications industry and overall network-user community. Ethernet aggregation and transport infrastructure OAM Ethernet is now expanding to inter-metro virtual private network (VPN) services as a layer 2 alternative to multiprotocol label switching (MPLS) VPN services. It is poised to become the dominant backhand interface for mobile services with the deployment of fourth generation technology. Service provider Ethernet architectures have evolved because of the increasing volume of Ethernet traffic and broad ended of application for Ethernet. By using platforms that utilized Ethernet ports effectively and provide significant Ethernet aggregation back toward the service edge. Ethernet support OAM tools that enable providers to capitalize the simplicity and flexibility of Ethernet OAM protocol comprise four components: configuration and service provisioning, fault indication, diagnostic functions, and performance monitoring. These protocols operate at different layers within the Ethernet stack: Discovery layer that discover attributes of physical links on network elements Transport layer which is the physical or link layer. It is a link monitoring and remote failure indication. Network layer deals with the forwarding of Ethernet frames based on tunnel identifiers within the frame. It is used as the aggregation component for the services layer. Service layer deals with individual service instances. This layer uses 3 protocols: IFFF 802.1ag , MEF 16 E-LMI ( Ethernet- local Management interface), and 1TU-T Y.1731. it helps operators turn up services and support measurements of performance parameters at the service instance granularity. Ethernet aggregation and transport network must have protection. There are 2 ethernet forwarding mechanisms that provide Ethernet aggregation and transport infrastructure, first: Ethernet aggregation and transport over point-to-point VLAN(s), second: Ethernet-based packet aggregation and transport over IEEE 802.1 Qay(PBB-TE). These mechanisms meet all the functional and availability requirements for Ethernet-based packet aggregation and transport layer and create point-to-point Ethernet networks with no MAC learning and flooding functions enable. Conclusions 100G Ethernet and OTN are employing the highest serial bit rates. For 400G it seems to be available in both LAN and WAN. And for the components developed in HECTO potentially have set the stage for cheaper 100GBE by transmitting on one wave length only with one transceiver instead of using 4 wave lengths. Key Ethernet OAM and protection switching protocols are essential enhancement to evolve Ethernet beyond a simple switch metro enterprise service. References: From IEEE magazines: COMG_20100701_Jul_2010 COMG_20090201_Feb_2009
Friday, January 17, 2020
Gps vs. Gis
GPS vs. GIS Global Positioning System (GPS) is a system that accurately determines the precise position of something on Earth. GPS is a constellation of twenty four satellites, each of which orbits Earth once every twelve hours. The U. S. Department of Defense operates and maintains these Global Positioning System satellites. Each satellite contains a high precision atomic clock and several transmitters that constantly send radio signals back to Earth. These signals communicate the satelliteââ¬â¢s unique identification code, health, and position in space. Global Positioning Systems and base stations units in the fields receive these satellites and use them to calculate positions. All Global Positioning Systems receivers collect the locations of real world features (represented as points, lines or areas), and some can store descriptive data, or attributes, about these features. (1) Global positioning systems have been fully operational since April 27, 1995. GPS have become widely used worldwide, and a useful tool for map making, land surviving, commerce, scientific uses, tracking and surveillance, and hobbies such as geocaching. Also, the precise time reference is used in many applications including the scientific study of earthquakes and as a required time synchronization method for cellular network protocols . (2) Geographers find GPS to be particularly useful in coding the precise location of objects. That information can later be enters as a layer in geographic information systems. (2) Geographic Information System (GIS) is a computer system that can capture, store, query, analyze, and display geographic date. 3) Geographic Information Systems allows us to view, understand, question, interpret, and visualize data in many ways that reveal relationships, patterns, and trends in the form of maps, globes, reports, and charts. A Geographic Information Systems helps you answer questions and solve problems by looking at your data in a way that is quickly understood and easily shared. Geographic Information System technology can be integrated into any enterprise information system framework. GIS is most often as sociated with a map. A map, however, is only one way you can work with geographic data in a Geographic information System, and only one type of product generated by a GIS. A GIS can provide a great deal more problem-solving capabilities than using a simple mapping program or adding data to an online mapping tool. When GIS software was first created, it required powerful computers and extensive training. Now, anyone can develop a desktop map. (3) (1) www. gps. gov (2) http://en. wikipedia. org/wiki/GPS (3) Rubenstein chapter 1
Thursday, January 9, 2020
Women in the Western Genre Essay - 1530 Words
Ever since the early 20th century, there had been several attempts and experimentation in creating a new genre of cinema known as the Western. The first well-known Western movie The Great Train Robbery (1903), while not necessarily being the first ever Western, it is by both film historians and theorists definitely considered the pinnacle of the genre, that got it all started and that would be the first step in creating others similar to it, but also very different. Because it was still an unknown genre in film, there had not yet been established a set of rules as for how to construct films in this new experimental genre so change was to be expected. One of the most significant changes in the genre through the years is how the role ofâ⬠¦show more contentâ⬠¦One other Western film that comes to mind when it comes to ââ¬Å"the role and treatment of womenâ⬠(Shulman ix) is The Virginian, where Molly, an Eastern schoolteacher who comes to Wyoming from a good but rather needy Vermont family faces several conflicts ââ¬â one all Westerns are typically all too familiar with being the inevitable conflict of the East and West, but it seems as though throughout their interactions with one another it serves as more of a guise for a contest between men and women when Molly proceeds to educate the Virginian, then in turn educating and increasingly dominating her ââ¬â thus resulting in a ââ¬Å"genteel version of the nineteenth-century war between the sexesâ⬠(Shulman ix), and what could also be stated as ââ¬Å"a masculine-feminine contest about responsibility and marriageâ⬠(Shulman xxvii) comes to pass upon Mollys arrival. Despite getting to know The Virginian well over the course of the film, Molly is still naà ¯ve when it comes to the attempted newly formed laws and customs of the parts of the West, showing so when she objects to the lynching, but as The Virginian himself explained, despite how greatly it upsets him as well it is something he has to do, because his friend knew of the customs of the country, and that if they did not go through with the lynching the judges wouldnt like it. However, soon Judge Henry overcomes Mollys feminine and Eastern objections, as his three arguments regarding the West and law serve to persuade MollyShow MoreRelatedThe Western as a Film Genre1449 Words à |à 6 PagesThe Western as a Genre John Fordââ¬â¢s Stagecoach (United Artists) has been hailed as the official Western Classic. Released in 1939 after the lull in production of Westerns caused by the advent of sound and The Great Depression during the mid 1930ââ¬â¢s, it is considered one of the key films that helped revived the A-Western in the 1940ââ¬â¢s prior to WWII. Stagecoach has the classic Western recipe. The main staple of that recipe in Stagecoach were authentically dressed cowboys and town folk, the dressRead MoreThe Good, The Bad And The Ugly825 Words à |à 4 PagesAnd The Ugly A genre in a film uses familiar story formulas, character types, settings and all of which lead viewers to have a certain perception about what the movie will be like before actually watching it (Goodykoontz, B., Jacobs, 2014). In many instances, genres produce an explanation of the film. Evidently, this paper focuses on westerns as the main theme; this movie depicts notions of molarity tales, ironic tales and describes the notion of a classical look of the old western times. AdditionallyRead MoreBrokeback Mountain and the Western Genre Essay1000 Words à |à 4 Pages The film genre of the Western has long since proven to be more about the conflict and showdowns that occur in the storyline. Usually the western genre incorporates traditional western motifs and icons and adheres to those common plot structures of the genre, but Brokeback Mountain is different from what is to be normally expected because it does not seem like a traditional and conventional Western film at all. Brokeback Mountain has several different twists to it, like the more modernRead MoreCodes and Conventions of Genres Essay1260 Words à |à 6 PagesCodes and Conventions of Genres A genre is a particular type of commodity . It has characteristic features that are known to and recognised by the audiences because the same formula is reproduced many times. Genre is a French word meaning that refers to types or categories of media products. Soap operas, situation comedies, police series, quiz shows and news programmes are just some of the genres to be found in television. Genres are identified by the particular conventionsRead MoreTHE FORGOTTEN HISTORY OF THE WESTERN CINEMA1400 Words à |à 6 PagesTHE FORGOTTEN HISTORY OF THE WESTERN CINEMA The western movies are film genre where the scene generally takes place in North America during the American conquest of the West in the last decades of the nineteenth century. This genre appears since the invention of the cinema in 1985 finding its inspiration from literature and painting arts of the American Wild West. This genre reached its first success in the mid-twentieth century during the golden age of Hollywood studios, before it had being reinventedRead MoreAnalysis Of The Poem Django Unchained 1313 Words à |à 6 Pages and immigrants of varying origins. As such, modern westerns have chosen this aspect as a point of subversions with examples such as Blazing Saddles (1974), Django Unchained (2012), and The Magnificent Seven (2016). Blazing Saddles serves as a merging of the Ranch and Marshal narratives and is ostensibly meant to shed light on the absurdity of racism but also manages to provide a scathing critique of a common archetype of the Classical Western: the Rancher . ââ¬Å"These are people of the land,â⬠says GeneRead MoreCowboys and Aliens Directed by Jon Favreau1268 Words à |à 5 PagesCowboys and Aliens (2011) directed by Jon Favreau, takes place in a Western style setting in New Mexico territory. Jake Lonergan (Daniel Craig) wakes up in the middle of the desert severely injured with no recollection as to why he is in pain. At this point he notices the scientific and advanced technology attached to his wrist. This strange mechanical device immediately incorporates the science fiction aspect to a clearly western style film. After killing three men who were attempting to attack himRead MoreThe Expansion Of The Frontier And The Relationship Among The Native Americans908 Words à |à 4 Pageseach representing a distinct social status in western history,â⬠and that ââ¬Å"this clash of classes and misfit characters provide a perfect set up for social commentary about diverse societies.â⬠The western hero possesses a sense of r esilience that allows him to outsmart a group of outlaws. In earlier western films, Native Americans were viewed as savages and ethnic groups were viewed as ignorant due to the lack of political correctness. Like most early western films, violence was utilized in place of punishmentRead MoreLiterary Analysis : Modern Detective Fiction1573 Words à |à 7 Pagesmedia in recent decades as detective serve as reflections of cultural assumptions and values conveyed through the genre. Authors of new innovative storylines with unique characterizations and revitalizations of classic, ageless characters coincide to present new shift messages about crimes, the human element, and the detective. The comparable and divergent adaptations of detective genre is coming when comparing sociocultural messages from opposite ends of the globe, to identify new relevancy with uniqueRead MoreThe Wild West Rides Into The Sunset Essay1389 Words à |à 6 Pagespossibility that you were reading a classic Western. Many readers of this genre would describe its stereotyp es as what I listed above. You can almost always find that protagonist cowboy hero, who tends to be a good-looking and sharp character that fights the dirty, rugged, evil villain in an epic climax while trying to save his gorgeous and innocent lady. The setting is often a flat, unpopulated, and undeveloped town, surrounded by mountains. The Western genre played a large role in developing the history
Wednesday, January 1, 2020
Steroids Steroids And Steroids - 1785 Words
Steroids in Baseball ââ¬Å"We have to make some radical move to get the attention of everyone. Cheaters can t win and steroids has put us in the position that it s OK to cheatâ⬠(ââ¬Å"Steroids Quotesâ⬠). Unfortunately, baseball has been plagued with the assistance of performance enhancing drugs to lengthen players careers, to boost statistics, and create an extraordinary ballplayer out of an average player. Contrary to the steroid abusersââ¬â¢ beliefs, steroids do not positively influence any aspect of their game. The credibility and dignity of baseball has decreased due to performance enhancing drugs, which is not only cheating, but it also leads into a even more serious social case: drug addiction, affecting personal relationships and spiritualâ⬠¦show more contentâ⬠¦Due to the use of performance enhancers, the dignity of the game of baseball has been cushioned and the whole idea of a player being great can no longer be determined due to the fact that they ma y have cheated. Accurate representation of players abilities are hard to determine by statistics due to the enhancers. In essence these athletes present numbers that are lies and in result taint baseballââ¬â¢s record book and history. Steroids may rejuvenate a playerââ¬â¢s youthful talent, but statistics show that steroid filled baseball seasons actually show a decline in statistics. It is said that Ramirez ââ¬Å"at age 36 seemed to rejuvenate his health and his swing, playing in all but nine regular-season games and almost doubling his home run output from the previous season, from 20 to 37.â⬠Yes, his abilities were enhanced, but with what benefit? Ramirez may have brought back life and another chance to play the game like he used to, but in the end, his athletic character was denied. I mean nobody will lose respect for a player who starts off as a star and just dies off through the years: itââ¬â¢s called getting old. This process happens, and if you go out with int egrity playing wholeheartedly, not one person will deny your abilities as a ballplayer. Ramirez chose the wrong path though. He was dying off, experiencing the side effects of old age, and he did not like this. He got involved with the steroids, and he loved
Monday, December 23, 2019
The Morality Of Euthanasia And Euthanasia - 1350 Words
The morality of euthanasia continues to be a controversial topic. Its subject matter, death, is shrouded in emotional feelings that often obscure the logical appraisal of the subject. For opponents of euthanasia, passive and active euthanasia are seen as distinct and subject to different morality rulings. According to Vaughn ââ¬Å"Active euthanasia is said to involve performing an action that directly causes someone to dieâ⬠¦ Passive euthanasia is allowing someone to die by not doing something that would prolong lifeâ⬠(595). In other words, active euthanasia is seen as killing someone while passive euthanasia is seen as simply letting him or her die. This distinction, killing versus letting die, is what is said to constitute the immorality of active euthanasia. It is my belief, however, that there is no moral difference between passive and active euthanasia and both should be considered moral. One of the major proponents of the lack of distinction between passive and acti ve euthanasia is James Rachels. Rachels argues that ââ¬Å"the bare difference between killing and letting die does not, in itself, make a moral differenceâ⬠(Vaughn 651). I agree that because the action is different does not necessarily mean that the morality is different. Both of them are the same in that they are the intentionally killing someone. Letting a person die is often seen as a moral high ground because there is no action taken to bring about the death. However, in taking a person off of life support orShow MoreRelatedEuthanasia Essay : Euthanasia And Morality1627 Words à |à 7 PagesDenise Maranhao Professor Joseph Anderson Ethics across the professions November 29, 2014 Euthanasia (Euthanasia and morality) Could you pull the plug? Is mercy killing considered murder and should it be illegal under each and every circumstance? There are many questions and even more controversies when it comes to euthanasia and assisted suicide. There are those who believe euthanasia is immoral regardless of the situation, it is illegal and therefore always wrong. But most people have never beenRead MoreThe Morality Of Voluntary Euthanasia1563 Words à |à 7 PagesEuthanasia, defined as the act of ââ¬Å"putting a person to painless death especially in case of incurable suffering,â⬠is a controversial subject surrounded by many moral dilemmas (Murkey, 2008). Although euthanasia is the overarching term used to describe the act itself, within it are three principal forms: voluntary, non-voluntary and involuntary, each of which pertains to case specific issues. Following The Supreme Courtââ¬â¢s recent decision deeming Canadaââ¬â¢s controversial law against physician-assistedRead MoreThe Morality o f Euthanasia Essay1414 Words à |à 6 PagesThe Morality of Euthanasia Technology has brought about drastic changes in the morality of todayââ¬â¢s society. One organization it has greatly effected is the medical field. Few would argue with the fact that medical technology has greatly improved the quality of life. However, with doctors and other health care workers having the authority to contribute to both the patientsââ¬â¢ well-being and inevitable death, society believes there should be limits to best serve the patientââ¬â¢s wishes. TheRead MoreThe Debate Concerning The Morality Of Euthanasia915 Words à |à 4 PagesAmericans , arguably more than any other nationality, have a right to their opinion and there exists few subjects that generate more opinions than does euthanasia. The debate concerning the morality of euthanasia parsimoniously rests on the moral assessment of whether or not the physician intentionally kills or intentionally let die the patient. An assumption has been perpetuated that there is a line of demarcation betwe en intending to let die and intending to kill. This pseudo-practical barrierRead MoreThe Morality Of Euthanasia By James Rachels1086 Words à |à 5 PagesID: 3339147 Active Euthanasia Does James Rachels in ââ¬Å"The Morality of Euthanasiaâ⬠successfully argue that in at least some cases active euthanasia is morally acceptable? Explain his view and respond to it. In this essay, we are going to analyze the main ideas included in ââ¬Å"The Morality of Euthanasiaâ⬠by James Rachels to provide a response to the following question: Does James Rachels in ââ¬Å"The Morality of Euthanasiaâ⬠successfully argue that in at least some cases active euthanasia is morally acceptableRead MorePurpose of a Living Will and the Morality of Euthanasia829 Words à |à 4 Pagesmedical treatments. Euthanasia, also called assisted suicide, or physician-assisted suicide, offers one of many options for terminal-ill patients or those with intractable pain. Many infer euthanasia as the action that brings about the end of a patientââ¬â¢s life because it has been decided they would be better off dead. Since euthanasia involves killing another person, voluntarily or not, a virtuous person considers euthanasia acceptable. There are two main categories of euthanasia, voluntary (conductedRead MoreThe Morality Of Euthanasia And The Application Of Utilitarianism1213 Words à |à 5 PagesThe Morality of Euthanasia and the Application of Utilitarianism. Introduction When a patient is in immense amounts of pain from a terminal illness, one of the options to relieve a person from the pain is euthanasia. Euthanasia is seen as a controversial and moral issue because of the different viewpoints. Euthanasia is seen by some as killing, while others see it as removing a person from immense amounts of pain. This paper will first discuss the principles of utilitarianism through BenthamRead MoreEssay on The Morality of Euthanasia1765 Words à |à 8 Pagesas heated as euthanasia. Euthanasia comes from the Greek word meaning good death. Euthanasia is the practice of ending the life of a person either by lethal injection or the suspension of medical treatment. Most religious beliefs say that God is the only one that has the right to decide the termination of any life. Euthanasia should be a personââ¬â¢s right of choice legally and ethically. People are faced with choices on a daily basis throughout their lives. Having the choice of euthanasia allows a q uickRead MoreEuthanasia: Utiliarianism and Morality of Death Essay1945 Words à |à 8 Pagesperson be in the pain when they leave their physical form? Euthanasia, or assisted suicide, gives a person the chance the take the ending of their life into their own hands and make, an otherwise undefined, decision of how he/she would want their final moments to be. In this paper I plan to display that based on the utilitarian perspective, Rachelsââ¬â¢ writings, and contemplating human rights constructed from a governmental outlook, that euthanasia is just and morally acceptable and should be consideredRead MoreShould Euthanasia Be Legalized?907 Words à |à 4 PagesHippocratic Oathâ⬠), directly refuting the morality of voluntary active euthanasia, which is a highly contentious issue in the United States. Voluntary active euthanasia is currently illegal in the United States. However, I believe that patients with terminal illnesses experiencing a lot of pain and misery should have t he right to die the way they choose, with dignity, instead of being subjected to agony. People should be able to choose voluntary active euthanasia, if ever need be, which is why I believe
Sunday, December 15, 2019
Martha Stewart Organization Ethics of Insider Trading Free Essays
On December 27, 2001, Martha Stewart made a decision that changed her life, and the decision jeopardized the livelihood of her stakeholders. Ms. Stewart received a call from her stockbrokerââ¬â¢s assistant letting her know that Dr. We will write a custom essay sample on Martha Stewart: Organization Ethics of Insider Trading or any similar topic only for you Order Now Samuel Waksal was trying to sell his holdings in ImClone. Dr. Waksal was the chief executive officer and founder of ImClone, and he had just received notice from the Food and Drug Administration that the drug Erbitux did not receive approval to be used as a cancer drug. Stock in ImClone was at a high due to expectations of Erbitux getting approval, and once the news of it not getting it reached the public, Dr.à Waksal knew that the price of its stock was going to decline. (Carroll Buchholtz, 2009, p. 814) This is an example of insider trading. ââ¬Å"Anytime a company executive or employee buys or sells stock in the company that person works for, an inside trade has occurred. â⬠(Newkirk, 1998) In this essay I will explore who the ââ¬Ëinsidersââ¬â¢ were that knew that the stock was in danger, and the people who did not know. I will examine how Martha Stewartââ¬â¢s decision affected her company, Martha Stewart Living Omnimedia, and what she could have done differently. The concept of insider trading is when a person has knowledge, positive or negative, that can impact a companyââ¬â¢s stock price and a trade is made based on that knowledge. Insider trading is illegal. Martha Stewart ââ¬Å"acted on inside information when she sold 3,928 shares in biotechnology company ImClone Systemsâ⬠. (White, 2006) The Securities and Exchange Commission (SEC), the federal agency that has the responsibility of regulating stock trading in the United States, alleged in its case against Ms. Stewart that she received an illegal tip from her broker Peter Bacanovic. The tip was that Dr.à Waksal and his family members were selling their shares of ImClone stock. Bacanovic was the broker for Dr. Waksal and for Ms. Stewart. (White, 2006) When insider trading takes place, there is a select group of privileged people who have information about the stockââ¬â¢s possible rise or fall. In the case of ImClone, Dr. Waksal let certain individuals, his father, his daughter and his brokerââ¬â¢s assistant, know that a change was about to take place with ImCone stock by attempting to sell his shares. These are the people that the investigation revealed did ImClone stock trading on the day before the news become public. Martha Stewart found out about the news when Bacanovicââ¬â¢s assistant, Douglas Faneuil, notified her that Dr. Waksal was selling his holdings. (Hurtado, 2004) Each person who sold their holding in ImClone on December 27, 2001 with knowledge of the possible decline participated in insider trading. The other individuals that owned holdings in ImClone were not privileged to that information, they did not have an inside advantage. The two parties who knew ImCloneââ¬â¢s stock was going down and the people who did not know have several things in common. They all felt that ImCloneââ¬â¢s stock was a good investment and they were all about to loose money once the FDAââ¬â¢s decision was made public. The difference between the two parties is one had a closer connection to the executives of ImClone and the other did not. High level employees of an organization are privileged to insider information. The spouses, friends, bankers and lawyers are connected to individuals who have ââ¬Å"awareness of material information thatââ¬â¢s not publicly availableâ⬠to everyone. (Clark, 2009) Martha Stewart and Dr. Waksal were close friends at the time of the ImClone scandal. This allowed her to have an inside advantage. When Dr. Waksal received the news that the FDA was not going to accept Erbituxââ¬â¢s application for approval, he had an ethical dilemma. He knew that he could not control what was about to happen to ImClone, but he wanted to ââ¬Å"minimize his losses, and maybe the losses of some family members and close friendsâ⬠. (Carroll Buchholtz, 2009, p. 814) Dr Waksal; his father, Jack; his daughter Aliza; and a number of close friends had significant investments in ImCloneâ⬠¦Of course, elling his stock and advising his father, daughter, and friends to sell their stock would reduce their losesâ⬠¦ Dr. Waksal was faced with a tough decision. On one hand, he could refrain from engaging in questionable trading practice and thereby incur a significant amount of losses in his investment. On the other hand, he could choose to sell his stock based on the information he received, reducing his investment losses, but violating the law and ethics of fair trade. (Carroll Buchhlotz, 2009, p. 814) Dr. Waksal influenced each person he told about the FDAââ¬â¢s decision and each person who knew he was trying to sell his holdings. When the head of an organization decides to sell his/her holdings in the organization, knowledge of this greatly influences others to do the same. Once Martha Stewart became aware of the possible decline in ImClone stock, she had a decision to make too. Her decision was whether to do nothing or to sell her stock. The decision she made affected more people than just herself. It affected every stakeholder she was associated with at that time. This included her employees at Martha Stewart Living Omnimedia (MSO), customers and competitors of MSO products, the Kmart Corporation, CBSââ¬â¢s ââ¬Å"The Early Showâ⬠where Ms.à Stewart was a style contributor, and other business leaders and the public. Employees of MSO were left wondering if their jobs were in jeopardy, customers and competitors of MSO did not know the fate of the company, Kmartââ¬â¢s revenues suffered, Ms. Stewart was no longer needed at CBS, and the public was left with mixed views. The ethical thing that Ms. Stewart should have done that would have spared her companyââ¬â¢s reputation and prevented the public scrutiny that each company and person close to her had to endure would have been to not act on the tip she received about ImCloneââ¬â¢s stock. The companyââ¬â¢s reputation would have been saved and Ms. Stewart would have saved money. She avoided a loss of $47,673 by selling her stock in ImClone before the news of the FDAââ¬â¢s decision was made public. (White, 2006). ââ¬Å"The cost to her of selling that stock, factoring in penalties, restitution, and legal cost has been estimated to be about $300 to $400 million. Furthermore, had she held on to her shares of ImClone rather than selling them, she would have made a nice profitâ⬠. (Carroll Buchholtz, 2009, p. 17) In February 2004, after a new clinical trial and refilling by ImCloneââ¬â¢s partner, the FDA approved the use of Erbitux for colon cancer and the price of its stock soared again. (Carroll Buchholtz, 2009, p. 816) Dr. Waksalââ¬â¢s punishment for his actions was the maximum sentence of seven years in prison and he was asked to leave his position at Stanford University, the National Cancer Institute of the National Institutes of Health, Tufts University School of Medicine and Mount Sinai School of Medicine. He also lost his position of CEO with ImClone and he had to pay a fine to the SEC. His plea agreement with the government and his admittance that ââ¬Å"he tipped undisclosed individuals to dump their stock before the FDA decision was made publicâ⬠spared his father and daughter from facing charges. (Carroll Buchholtz, 2009, p. 815-816) Dr. Waksalââ¬â¢s and Martha Stewartââ¬â¢s stockbroker, Peter Bacanovic, was sentenced to five months in prison, five months of house arrest, and fined $4,000. Bacanovicââ¬â¢s assistant, Douglas Faneuil was fined $2,000. (Hurtado, 2004) The original investigation of Martha Stewart was for insider trading, but she was not indicted for insider trading. A spokesperson for Ms. Stewart denied the allegations and insisted that Ms. Stewart had a prearranged agreement with her broker, Mr. Bacanovic, to sell ImClone stock if it fell below $60â⬠¦Her assistant broker, Mr. Douglas Faneuil, however, claimed that such an agreement never existed and that Ms. Stewart sold her four thousand shares of ImClone after she learned that Dr. Waksal and other family members had dumped their stock. (Carroll Buchholtz, 2009, p. 815) Ms. Stewart was indicted on nine federal counts. The nine-count indictment alleged that Stewart altered evidence that she traded on inside information about the biotech company ImCone Systems, conspired with her stockbroker to lie to federal officials investigating the trade, and defrauded shareholders in her company, Martha Stewart Living Omnimedia, by misleading them about why she had sold the stockâ⬠. (Carroll Buchholtz, 2009, p. 815) Martha Stewart was found ââ¬Å"guilty on four counts: obstruction of justice, conspiracy, and two counts of making false statementsâ⬠. (Carroll Buchholtz, 2009, p. 816) Ms.à Stewartââ¬â¢s punishment for her crime was five months in prison, five months in home confinement, and two years of probation. The fines she had to pay included $30,000, and $195,00 that included the $47,673 she saved by selling her shares in ImClone plus $137,019 in penalties that represent three times the loss avoided amount. (White, 2006) ââ¬Å"In addition to the fine, Ms Stewart agreed to a five-year ban on serving as a director of a public company and to limitations during those five years on the extent of her service as an officer or employee of a public companyâ⬠. (White, 2006) Ms. Stewart resigned as CEO and chairman of Martha Stewart Living Omnimedia on the same day she was indicted, but remained on the companyââ¬â¢s board. She also ââ¬Å"resigned her position as board member for Revlon and the New York Stock Exchange. â⬠(Carroll Buchholtz, 2009. p. 816) Some think Ms. Stewart was justly tried and convicted, while others think she was a scapegoat for larger corporate scandals. My opinion is that the punishment given to Ms. Stewart was fair. The maximum amount of time the crime she was convicted for can be unto 20 years in prison. (Hoffman, 2007) Regardless of whom you are, consequences should follow when the law is broken. Martha Stewart broke the law in a minimal way, so her punishment fits the crime. When shareholders invest in a corporation, they do so to make a profit. The money they invest is used in several ways by the corporation. It is used for product research and development, improvements, overseas expansion, and to keep the company afloat in tough times. If the company is not successful, the investors loose money. If the company is a success, the investors are rewarded with higher values of their stock shares in the company. (Clark, 2006) Martha Stewartââ¬â¢s action brought an initial loss for her investors. Advertising sales plunged at MSOââ¬â¢s magazine when the incident began. ââ¬Å"MSO stock plummeted by 60 percent after the charges were made publicâ⬠. (Carroll Buchholtz, 2009, p. 815) However, ââ¬Å"when Ms. Stewart received the minimum sentence, the stock price of her company rose by 37 percentâ⬠. (Carroll Buchholtz, 2009, p. 816) Before the ImClone scandal in 2001, Martha Stewartââ¬â¢s products were sold in Kmart and she was the CEO of MSO. During the ordeal, her magazine Martha Stewart Living loss advertising sponsors and pictures of Ms. Stewart were removed from the magazine. Less than three years after she got out of prison, the magazine showed an increase in advertising pages, pictures of Ms. Stewart are back in the magazine, she has a channel on Sirius satellite radio, she has a new magazine called Blueprint for younger people, and she has a line of homes with KB Homes. ââ¬Å"In 2006, she published Martha Stewartââ¬â¢s Home-keeping Handbook, a 744-page guide to all things domesticâ⬠. (Carroll Buchholtz, 2009, p. 817) As of today, MSO is a thriving organization. Martha Stewart has a line of products at The Home Depot, PetSmart and Macyââ¬â¢s, along with The Martha Stewart Show on the Hallmark Channel. The company reported $49. 7 million for its third quarter earnings in 2010. (ââ¬Å"Martha Stewart,â⬠2010) Prior to the ImClone scandal, Martha Stewart owned a magazine, her products were in Kmart and she worked for ââ¬Å"The Early Showâ⬠; after coming out of prison, she still owns the magazine, her products are with more prominent companies, she has her own show on television and her organization is still making profits. The relationship she had with her stockholders may have suffered during the scandal, but today the relationship is mended. Ethical and public issues must be considered in a stockholder relationship. Decisions made by executives can have enormous effects on a company which can then cause negative and/or positive changes in a stockholderââ¬â¢s shares depending on how the public receives a brand or corporation once it has gone through a scandal. Loyalty to the Martha Stewart brand has helped the company to endure through the storm of the scandal. (Carroll Buchholtz, 2009, p. 816) Shareholders should be considered when decisions are made that are unethical or that could be harmful to the companyââ¬â¢s public image. How to cite Martha Stewart: Organization Ethics of Insider Trading, Essay examples
Saturday, December 7, 2019
Public Administration Public Service
Question: Discuss about thePublic Administrationfor Public Service. Answer: Introduction Public administration is the academic branch that focuses on the implementation of government policy and keeps civil servants prepared for working in the public service. It is concerned with the government program implementation and policies. Also, the actions of officials who are in account of their behavior as denoted by Mustafa (2012) are looked upon. Hierarchy can be defined as an idea or system of management which suggests employing a person to a position of eligibility for this person. Apart from this, in every organization, there is a chief executive to manage the whole body and requires other people to help him since for effective performance of the public service responsibilities. All of them may not hold the same rank or perform the same duty. However, every individual performs that given task among the various tasks of the public services as asserted by Hemi (2016). Hierarchy of Administration Described below is the United Arab Emirates public administration system. To ensure efficient ruling of the UAE after the rise back in 1971, the overseers of UAE which comprise the Federation concluded on coming up with a constitution dictating the duties directed to the federal organizations. As for the numerous governmental formations around the globe, certain abilities remained as the prerogative of the individual Arabs. They had already established their dictating bodies before creation of the Federation. As seen in Articles 121 and 120 of the Emirates formulation (that was stabilized in 1996), the central regions below the watch of the men in charge are defense, foreign affairs and security. Also, nationality and immigration problems, postal, air traffic control, currency, education, telephone and other communications services licensing of aircraft (Mustafa, 2012). Also, some other segments individually prescribed include labor relations, banking, and extradition of criminals an d delimitation of territorial waters. Every other query was left to the local governments and jurisdiction of the unique emirates. A better view of the movement of the local and federal governments, both combined and separately, Samier (2014) underlines that the UAE's unique combination of the traditional and modern political structures has assured national stability. It has also presented the developmental foundation. The federal government system, at present, includes a governmental body in the form of the Federal Supreme Court, the Council of Ministers (Cabinet), the Supreme Council and the Federal National Council, which represents an independent judiciary. Management System of the Organization Comprising of the overseers of the Emirates, The Supreme Council, elects a vice-president and main president for a five-year period in office amongst members accordingly. The Abu Dhabi ruler who is called H.H. Sheikh bin Zayed Al Nahyan was promoted to the presidents office after the fathers death, Sheikh bin Sultan Al Nahyan. The Council has both legislative and executive abilities. It plans general policy, accepts the presidents resignation, approves the prime ministers nomination, and ratifies federal decrees and laws. It also absconds him from his position upon the presidents recommendation as indicated by the United Arab Emirates Constitutional Amendments (2014). The Ministers Council as quoted in the formulation as the main authority' for the Federation, spearheaded by a prime minister and chosen by the president and consults with the Supreme Council. Afterward, the Cabinet is proposed by the minister, which then requires the ratification of the president. Ruler of Dubai, Sheikh Mohammed bin Al Maktoum, serves as prime minister currently. The study above showcases the first proven exploitation of the impacts as well as processes of management in the government segment of the UAE. Role of Management in Effective Work Processes It is constructed to check the route in which public institutions implement, evaluate and formulate their strategy plans. Also, it identifies the elements of management that are directly related to the showcased outcomes. Based on a collection of 175 surveys from 70 institutions, outcomes present that the strategic management practice has become standard and regular. The practice has then been considered the epicenter of the reform of management in Emirates public institutions over the last few decades. Additionally, there is relatively strong awareness of improvement tools. The straightened card is implemented as the guideline for improvement planning by local and federal institutions. The case also proves that there is little to no explanation in the strategic management procedure between local as well as federal agencies and the outcomes of the endeavor are mostly beneficial. The effects of these outcomes for public management research and practitioners are expounded as pointed ou t by Elbanna (2013). Flow of Communication within Chosen Organization MOCA is building a comprehensive system of external and internal communications for the federal government, to support the federal government's strategic plan and to keep up with global developments. In 2008, the GCO was established within the General Secretariat of the Cabinet to be the main link in streamlining the communication between different federal ministries and entities and the Cabinet. Over the past years, it has contributed in building integrated communications systems for the government. These include the launch of 2008 Government Communication Strategy as well as the Federal 2014-2016 Government Communication resolution which assisted in developing a roadmap for public institutions to unify the reputation and voice of the government federal. It thus promoted the UAE position according to the United Emirates Constitutional amendments (2014). Conclusion To this end, the GCO sets unified procedures and standards for government branding, supports the making of government decisions, and unifies state address on various important issues. It also effectively contributes to building functional management communication capabilities and prepares regular studies and reports on media and government communication. It was also enhanced coordination and exchange of experience among federal entities. References Bin, M. (2016). Initial National Communication To The United Nations Framework Convention on Climate Change. The United Arab Emirates, 1-67. Elbanna, S. (2013). Processes and Impacts of Strategic Management: Evidence From the Public Sector in the United Arab Emirates. International Journal of Public Administration, 426-439. Hemi, J. (2016). Journal of Public Administration and Governance. Macrothink . Mustafa, A. (2012). Privatization and the public sector: a theoretical framework. The Impact of Privatization on the United Arab Emirates, 1-24. Samier, E. (2014). Designing Public Administration Curriculum for the UAE. Administrative Culture , 1-25. United Arab Emirates Constitutional Amendments. (2014). Constitute , 1-37.
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