Lee Iacocca Essays - Transport, Automotive Industry,

Lee Iacocca Nate Spohn 11/1/00 Book Report Iacocca an Autobiography Lee Iacocca grew up in Allentown Pennsylvania, very close to my hometown of Boyertown Pa. My geographic connection with Iacocca is one of the reasons I chose to read his autobiography. We are both very interested in automobiles and automotive history, which connected me even further with Iacocca . Iacocca believes that you can become and achieve anything in life as long as you have strong determination and motivation. I too share this belief. Lee Iacocca did not focus his life on goals that others set for him; he followed his heart and his dreams, which someday is something I hope to be able to say about myself. Iacocca, the son of Italian immigrants grew up in an upper middle class family. His father started out with nothing and over many years, he managed to build a successful chain of hotdog restaurants in Pennsylvania. Because of his father's success and strong beliefs in the value of education, Iacocca grew up attending private schools and eventually found his way into Lehigh University. While attending, Lehigh Iacocca earned a degree in Mechanical engineering. Upon his graduation, he landed a very prestigious job with Ford Motor Company. In August 1946, Iacocca began his work in the engineering department of Ford. After a year of engineering Iacocca discovered that it was not what he wanted to do with his life, he wanted to be in sales. Ford agreed, which was the start of a very successful venture for Iacocca and the Ford Motor Company. Through many years of hard work, Iacocca was promoted to top management. This is where he found himself living his dream. He never wanted to leave work at the end of the day and could not wait to go back the next morning. Although Iacocca was doing very well and could not be happier, the Ford Motor Company was going through hard times. General Motors was really hurting Ford in sales and in innovations. In the late 50's and early 60's Ford produced cars that were just not selling and were real failures in the industry. Iacacco knew something had to be done, and he convinced president and CEO Henry Ford Jr. that he was the man to do it. Through many months of close arduous work with Ford's design team, Iaccoca came up with the Idea of the Mustang. Ford Jr. was no t at all excited about the idea, but at this point he figured he had nothing to lose. He decided to give Iacocca's Mustang a shot. This shot in the dark not only turned out to be the Ford Motor Companies' biggest success, but also the biggest automotive success in the world. In the first quarter of 1964, Mustang sales marked the highest level of automotive sales in history. In one year 418,812 Stangs were sold to American car buyers. No matter what anyone said, Iacocca was convinced that his Mustang would be a success. Actually, it ended up single handedly saving the Ford Motor Company from bankruptcy. At this point, Iacocca was known as a powerful and knowledgeable force in the automotive industry. However, this success and power came at a price. Henry Ford Jr. saw the success and praise Iacocca was receiving. He became scared that Iacocca was working toward eventually taking over Henry Ford's position as president and CEO of Ford Motor Company. The only solution Henry Ford saw to this problem was to fire Iacocca before he had the chance to take over his position at the top. Being fired after over 30 years of successful work at Ford left Iacocca scared and bitter towards Ford forever. At the age of fifty-four Iacocca felt too young to retire but too old to start working in a new kind of business. It turned out that he would not even have time to think about that dilemma. Chrysler was a failing company who needed the expertise and knowledge of Iacocca. Meetings between Iacocca and Chrysler were kept secret as to not involve the media. Iacocca wanted to be his own man; he was tired of working under someone else. He would not take a job with Chrysler unless he could be CEO and president.

ll Live In Infamy

Pearl Harbor, inlet of the island of Oahu, Hawaii, 10 km (6 mi) west of Honolulu, and the site of one of the principal naval bases of the United States. Early in the morning of December 7, 1941, Japanese submarines and carrier-based planes attacked the U.S. Pacific fleet at Pearl Harbor. Nearby military airfields were also attacked by the Japanese planes. Eight American battleships and 13 other naval vessels were sunk or badly damaged, almost 200 American aircraft were destroyed, and approximately 3,000 naval and military personnel were killed or wounded. The attack marked the entrance of Japan into World War II on the side of Germany and Italy, and the entrance of the United States on the Allied side. Soon after the attack, U.S. President Franklin D. Roosevelt appointed a commission of inquiry to determine whether negligence had contributed to the success of the Japanese raid on Pearl Harbor. The commission's report found the naval and army commanders of the Hawaiian area, Rear Admiral Husband E. Kimmel and Major General Walter C. Short, guilty of â€Å"derelictions of duty† and â€Å"errors of judgment†; the two men were subsequently retired. Other later inquiries, however, differed in their conclusions. The Congress of the United States, in an effort to dispose of the controversy, decided on a full, public investigation after the war. The bipartisan congressional committee opened its investigation in November 1945. Testimony from many people reviewed all known information about the attack on Pearl Harbor. The committee reported its findings in July 1946. It placed the primary blame on General Short and Admiral Kimmel, who, however, were declared guilty only of errors of judgment, and not of derelictions of duty. The committee recommended the unification of the U.S. armed forces, which occurred the following year. The USS Arizona National Memorial, standing above the remains of the battleship in Pearl Harbor, commemorates the Americ... 'll Live In Infamy Free Essays on A Day We\'ll Live In Infamy Pearl Harbor, inlet of the island of Oahu, Hawaii, 10 km (6 mi) west of Honolulu, and the site of one of the principal naval bases of the United States. Early in the morning of December 7, 1941, Japanese submarines and carrier-based planes attacked the U.S. Pacific fleet at Pearl Harbor. Nearby military airfields were also attacked by the Japanese planes. Eight American battleships and 13 other naval vessels were sunk or badly damaged, almost 200 American aircraft were destroyed, and approximately 3,000 naval and military personnel were killed or wounded. The attack marked the entrance of Japan into World War II on the side of Germany and Italy, and the entrance of the United States on the Allied side. Soon after the attack, U.S. President Franklin D. Roosevelt appointed a commission of inquiry to determine whether negligence had contributed to the success of the Japanese raid on Pearl Harbor. The commission's report found the naval and army commanders of the Hawaiian area, Rear Admiral Husband E. Kimmel and Major General Walter C. Short, guilty of â€Å"derelictions of duty† and â€Å"errors of judgment†; the two men were subsequently retired. Other later inquiries, however, differed in their conclusions. The Congress of the United States, in an effort to dispose of the controversy, decided on a full, public investigation after the war. The bipartisan congressional committee opened its investigation in November 1945. Testimony from many people reviewed all known information about the attack on Pearl Harbor. The committee reported its findings in July 1946. It placed the primary blame on General Short and Admiral Kimmel, who, however, were declared guilty only of errors of judgment, and not of derelictions of duty. The committee recommended the unification of the U.S. armed forces, which occurred the following year. The USS Arizona National Memorial, standing above the remains of the battleship in Pearl Harbor, commemorates the Americ...

Advanced English Tense Review (ESL, EFL, TESL, TOEFL)

Advanced English Tense Review (ESL, EFL, TESL, TOEFL) Its back-to-school time. Before you or your students get down to studying the specifics of various grammar structures, it is a good idea to review the basic English tenses. If you are an advanced student, a review will help remind you of the tenses and also point out any weaknesses or insecurity that you may have. If you are an upper-level student but not yet aware of all the tenses, these exercises will make a good introduction to some of the important structures ahead. For an overview of conjugation in detail of all 12 tenses in English, use the tense tables for reference. Teachers can use theses guides on how to teach tenses for further activities and lesson plans in class The following exercises serve two purposes: Re-familiarization of standard tense names Tense conjugation practice The first exercise is very important as you may not remember exactly the names of the various tenses. This exercise will help you remember the names of the tenses. Once you have finished the first exercise, read the text through one more time to familiarize yourself with it completely. Go on to the next exercise that asks you to conjugate the verbs in the extract. You should be very familiar with the extract so you can concentrate on the correct conjugation. Notice how the tenses relate to each other in time. Remember that many verbs are conjugated based on how they relate to one another. Teachers can use these exercises in class by using the following lesson plan which includes the exercises in a format useful for the classroom. Tense Review Lesson Plan and Materials Here is the original text. Once you have finished, click on the exercise link to begin exercise one. John has always traveled a lot. In fact, he was only two years old when he first flew to the US. His mother is Italian and his father is American. John was born in France, but his parents had met in Cologne, Germany after they had been living there for five years. They met one day while Johns father was reading a book in the library and his mother sat down beside him. Anyway, John travels a lot because his parents also travel a lot. As a matter of fact, John is visiting his parents in France at the moment. He lives in New York now, but has been visiting his parents for the past few weeks. He really enjoys living in New York, but he also loves coming to visit his parents at least once a year. This year he has flown over 50,000 miles for his job. He has been working for Jackson Co. for almost two years now. Hes pretty sure that hell be working for them next year as well. His job requires a lot of travel. In fact, by the end of this year, hell have traveled over 120,000 miles! His next journey will be to Australia. He really doesnt like going to Australia because it is so far. This time he is going to fly from Paris after a meeting with the companys French partner. Hell have been sitting for over 18 hours by the time he arrives! John was talking with his parents earlier this evening when his girlfriend from New York telephoned to let him know that Jackson Co. had decided to merge with a company in Australia. The two companies had been negotiating for the past month, so it really wasnt much of a surprise. Of course, this means that John will have to catch the next plane back to New York. Hell be meeting with his boss at this time tomorrow. Follow the links to begin the exercise: Exercise One: Tense Identification Exercise Two: Tense Conjugation

660 Assignment 5 Example | Topics and Well Written Essays - 500 words

660 5 - Assignment Example Situational leadership model has outlined three critical elements that come into play in the situational leadership theory. Among them is the leader, the followers and the circumstance/situation at hand that has to be handled. Applying this theory to Windber Medical centre and its administration by F. Nicholas Jacob, we get all the three factors of the theory coming into play. First we have Jacob has the leader, the followers being the workers and the situation being the poor state of performance of the hospital in terms of service delivery and its remuneration to its workers. Jacobs’ approach to the situation was one that depicted his task behavior and at the same time relationship behavior. He talked to the workers in a bid to know what they would want done about their workplace to improve the situation. More so he reached talks with the surrounding community in his efforts to establishing good relations with them. He got engaged in instructing the workers what to do, selling ;by extending his relations to the surrounding community, participating and delegating some duty to his juniors for instance putting somebody in charge of the food service. This refers to a follower’s ability and willingness to successfully accomplish a specific given task. This does not evaluate the individual/group’s innate values and qualities. In applying this to Jacobs’ case we find that 32 employees who were not willing and ready to cope up with the new working conditions were laid off as others joined the institution amidst impressive economic and developmental performance. A continuum ranging from R1(lowest readiness) to R4(highest readiness) has been crafted to show the extent of this ability and willingness by the followers to perform task. The task to be accomplished by Jacobs as the president of Windber was to raise the performance of the institution and make sure it’s not closed down. Jacobs had to ensure the old structures

To what extent does misbehaviour in organisations represent a Assignment

To what extent does misbehaviour in organisations represent a challenge to managerial authorityDiscuss, with the aid of relevant examples and theories - Assignment Example From my personal experience during my group work assignment, there were instances where group members misbehaved and challenged the authority of the leader. When the group was being formed, as Schwartz (2005, pp. 1-2) advices, some ground rules were made and every group member was expected to adhere to these rules. However, one of the most common misbehaviors was concerned with some members failing to do contribute anything towards the group work (Borg et.al 2011, p. 113). For example, during group meetings, we would discuss the issues to be covered before the next meeting and every member would be expected to make a contribution. However, some of the members would fail to do any research and would come to the next meeting with nothing to show. We realized that the cause of such misbehavior was the failure by the group leader to assign specific duties to specific members. The theory of labor process analysis can be used to explain such an occurrence. As Braverman (1974, p. 52) writes, management is able to control productivity by ensuring that labor is well divided within the organization. Accordingly, in subsequent group meetings, we would discuss the issues to be handled before the next meeting and each member would be given a specific assignment to complete and present to the group. Consequently, it was much easier for the group leader to exercise control over the group’s productivity with everyone having a particular task to execute (Stewart, 2014, p. 14). In the course of working as a group, I also noticed that in some cases, some members were not willing to accept the individual weaknesses of others within the group. Clearly, group works bring together people with different personalities and capabilities and expect such people to work harmoniously. In our group, there were those people who paid more attention to detail than

Environment Analysis Essay Example for Free

Environment Analysis Essay Organizations analyze the environment in order to understand the external forces so that it could help to develop effective responses to secure or improve their positions in the future. There existed a positive relation between environmental analysis and profits of an organization. Top management looked at information in two ways: viewing and searching information. This information needed to be evaluated and disseminated to strategists within the organization and to help top management to make decisions that could create strategic advantage for the organization to succeed in a changing environment 1. There were research evidences that showed that environmental analysis was linked with improved organizational performance. Hence, it remained insufficient to assure performance, without aligning information with strategy. The main debate in strategy and environment was concerned with the primary importance of the environmental analysis in strategy formulation and implementation. 84 Reserve Bank of India The Reserve Bank of India is fully owned by the Government of India. Initially it was viewed to bring the greater coordination of the monetary, economic, and financial policies. During fifties objectives of Reserve Bank of India underwent changes. It was recognized that Reserve Bank of India needs to take on direct and much more active role, in developing machinery for financial development in order to ensure flow of finance in the country. Reserve Bank emerged as a regulatory and a growth promoting institution. In the beginning limited to the agricultural sector, the Bank later covered small-scale industries as well. The affairs of Reserve Bank of India are governed by the central board of directors. The board is appointed by the Government of India according to the Reserve Bank of India Act. The preface of the Reserve Bank of India describes the basic functions of the Reserve Bank as: â€Å"to regulate the issue of Bank Notes and keeping of reserves with a view to securing monetary stability in India and generally to operate the currency and credit system of the country to its advantage† 2. The Reserve Bank? s freedom may be viewed broadly to the areas like management including personnel matters, financial aspects, and to conduct polices. Managerial freedom refers to the procedures for appointment, term of office and dismissal procedures of top central bank officials and the governing board. It also includes the extent and nature of representation of the Government in the governing body of the central bank. 85 Financial freedom relates to the freedom to decide the extent of Government expenditures directly or indirectly financed by the central bank? s credits. Finally, policy freedom is related to the flexibility given in the formulation and execution of monetary policy, under a given authorization. Reserve Bank of India has over the years been responding to changing economic circumstances. The Reserve Bank of India performs the function of financial supervisor under the guidance of Board for Financial Supervision. This board undertake consolidated supervision of the financial sector comprising of Commercial Banks, Financial Institutions, and Non-Banking Finance Companies. The key functions played by this board were restructuring of the system of Bank, introduction of off-site scrutiny, strengthening the role of legislative auditors, and strengthening the internal defences of supervised institutions. Currently this board focus on supervision of financial institutions and legal issues in Banks. Reserve Bank of India acts as a guard for Commercial Banks. Commercial Banks are required to keep a certain proportion of cash reserves with the Reserve Bank and Bank provide them various facilities like advancing loans, underwriting securities etc. Reserve Bank of India controls the volume of reserves of Commercial Banks and thereby determines the deposits and credit creating ability of the Banks. Whenever Commercial Banks need funds they get it from the Reserve Bank of India. Apart from playing the role of Banker to the Banks, Reserve Bank of India also play promotional role. The aim is to establish and assist the establishments of a number of financial intuitions for filling up of various financial institutional gaps in the rural and semi-urban areas. 86 Other roles played by Reserve Bank of India are: Reserve Bank stabilizes the external value of the national currency. The Reserve Bank keeps gold and foreign currencies and manages foreign currency in accordance with the controls imposed by the government. Reserve Bank of India facilitate external trade and payment and promote orderly development and maintenance of foreign exchange market in India. Reserve Bank has taken the responsibility of meeting directly or indirectly all legitimate demands of Commercial Banks under emergency conditions and to a certain extent Reserve Bank influence the credit policy of Scheduled Banks. The Reserve Bank has instrument of control in the form of the bank rate, which it publishes from time to time 3. A list of the Reserve Bank of India Committees from 1990- 2008 was prepared to get an impression about developments with respect to Banking Industry (Appendix- III). The recommendations resulted into remarkable changes in products and policies of Banking Organizations. Indian Bank’s Association (IBA) Indian Bank? s Association is a leading service organization of Banking Industry in India. It aims to integrate Banking and finance system catering to all financial requirements of customer? s. It was formed in 1946 with 22 members. Today Indian Bank? s Association has more than 159 members comprising of Public Sector Banks, Private Sector Banks, Foreign Banks (having offices in India), and Urban Co-operative Banks. 87 The main objectives of Indian Bank? Association are: promoting and developing sound and progressive Banking principles and practices in order to assist Banks to develop and implement new ideas and innovative Banking services, operations and procedures; organizing co-ordination and co-operation on procedural, legal, technical, administrative or professional problems and practices of Banks ; circulating statistical data, informati on, views and opinions on the Banking System; conducting Management Development Programs for Banks; promoting education and knowledge of the law and practices of Banking Industry; to help in projecting good public image of Banking Industry ; and to promote harmonious relationships by devising ways and means for involving Banking personnel? in the growth and development of Banking Industry. Indian Bank? s Association tries to achieve excellent service quality and customer care through its focused efforts to make each customers experience a pleasant one. Towards this end Indian Bank? s Association stressed on to build staff potential by each Bank to address customer challenges and asked Banks to design a performance management system, which focuses on rewarding the staff for delivering flawless customer service. In 2000, Indian Bank? s Association reviewed the charters of different Banks and brought out a „Model Citizen Charter? explaining to the customer? s what they could expe ct from the Bank? s as a matter of right. Apart from this Indian Bank? s Association brought „bankers fair practices? in 2004 which was adopted by all Banks voluntarily. It also came out with „fair practice code for credit card operation? and „model code for collection of dues and repossession of security? with special concern to customer? s voice about Banking practices 4. 88 Ministry of Finance Ministry of Finance in India governs the entire fiscal system of the Government of India. The three departments headed by the Ministry of Finance in India include: economic affairs, expenditure, and revenue. Thus, it mainly centralizes around the economic and financial issues pertaining in India. Ministry of Finance Government of India, Banking Division is managing Government policies related to the working of Banks and the term lending to financial institutions. This Division is headed by Secretary (Banking and Insurance) and operates through three subdivisions: Industrial Finance; Banking Operations; and Banking and Insurance. Each subdivision is headed by a Joint Secretary. The Banking Operations sub-division deals with legislative proposals described to Banks, non-banking financial companies, and other related matters like appointments of Chief Executives and Government nominee Directors and non-official directors on the boards of Public Sector Banks. In addition policy matters relating to Private Banks, Foreign Banks, and improvement of customer? service in Banks and redressal of customers grievances are also dealt with this Banking Operations sub-division of Ministry of Finance. This sub-division also deals with vigilance matters and appoints Chief Vigilance Officers (C VO? s) in the Public Sector Banks to enable the Public Sector Banks to meet the credit requirements for the productive sectors of the economy in proportion to the economic growth of the country. The Government is committed to infuse capital funds in Public Sector Banks as well 5. 89 Nature of Banking Industry Bank? s safeguard money and valuables and provide loans, credit, and payment services, such as checking accounts, money-orders, and cashier? s checks. Banks also offer investment and insurance products which they were once prohibited. There exists variety of models for cooperation and integration among finance industries some of these traditional distinctions between Banks, Insurance Companies, and Securities Firms has diminished. In spite of these changes, Banks continued to maintain and perform their primary role of accepting deposits and lending funds from these deposits. Banks securely save the money of depositors, provide checking services, and lend the funds raised from depositors to consumers. Bank? s today are in a wide range of sizes, from large Global Banks to Regional and Community Banks. These Global Banks are involved in international lending and foreign currency trading, in addition to the more typical Banking services. Working Environment Employee? in a typical branch work weekdays, whereas in few Banks sometimes Banks were opened until late evenings or were open on Saturday morning? s and in few even on Sundays. Supervisory and managerial employee? s, usually work substantially longer hours. Some B anks are expanding the working hours in their branches which are located at non- 90 traditional locations, such as shopping malls, which remain open on most evenings and weekends. Branch office jobs, particularly front-end positions, required continuous communication with customers. Some employees needed to work for longer hours in a confined space. Loan officers might need to travel to meet clients, or work evenings for their clients. Loan officers also check loan applications, and solicit new business for Banks. Financial Service Sales Representatives might also have to visit clients in the evenings and on weekends to go through the client? s financial needs. To improve customer service and provide greater access to Bank personnel? s, Banks have staffed Customer Service Representatives. The remaining Bank employees, working at the headquarters or other administrative offices usually worked in comfortable surroundings and worked for a standard workweek. In general, Banks are considered relatively safer place to work with respect to injuries and illness. Banks also encourage higher education and training for their employee? as Banks require creative and talented people to compete in the market place so as to reach to more number of customers. The basic premise here is to Study the relevant data and derive some information related to the Strategic Environment pertaining to Indian Banking Industry, which may be used in due course in a broader context if not in specific context. Environmental factors influencing Banking Industry are: 91 Economic Factors Indian economy has registered impressive growth of over 9 percent for successive three financial years and experienced restraint in 2008-09. This restraint was caused due to the downturn in the global economy. The year 2008-09 was the most deficient year after 1972. To fight against this slowdown Government of India and Reserve Bank of India took many fiscal as well as monetary actions. It was expected that Indian economy could again register a robust growth rate in the year 2009-10. As per the revised estimates released by the Central Statistical Organisation (CSO), Indian economy grew by 7. 6 percent in 2008-09 and 9. 3 percent growth in the 2007-08 6. Banks lending to industries, personal loans and service sectors witnessed a slow down while, Banks lending to agriculture and allied activities moved upward during 2008-09. The income as well as the expenditures of Scheduled Commercial Banks viewed a slow down leading to decrease in the net profit. The Return on Assets (ROA) as an indicator of efficiency with which Banks deployed their assets remained to 1 percent in 2009. The Return on Equity (ROE) as an indicator of efficiency with which the Banks used capital increased to 13. 2 percent in 2009 from 12. 5 percent in 2008, indicating increased efficiency with which Banks used capital 7. 92 Growth of income of Scheduled Commercial Banks during 2008-09 decelerated to 25. 7 percent from 34. 3 in 2007-08, but was higher than the growth rate of 24. 4 percent in 200607. Expenditure of Scheduled Commercial Banks was 24. 1 percent in 2006-07, which increased to 33. 9 percent in 2007-08 and again decelerated to 26 percent in 2008-09. The operating profit of Scheduled Commercial Banks increased sharply by 33. percent during 2008-09 from 26. 8 percent in 2007-08 and 21. 3 percent in 2006-07 (Table II. 1). The net profit of Scheduled Commercial Banks also showed a significant increase of 36. 9 percent during 2007-08 as compared to 26. 9 p ercent in 2006-07, but it decelerated to 23. 5 percent during 2008-09(Table II. 1) TABLE II. 1 VARIATION IN INCOME-EXPENDITURE OF SCHEDULED COMMERCIAL BANKS 2006-07 Income Expenses Operating Profit Net Profit 24. 4 24. 1 21. 3 26. 9 2007-08 34. 3 33. 9 26. 8 36. 9 2008-09 25. 7 26. 0 33. 2 23. 5 Source: Reports on Trend and Progress of Banking in India 8, 9 The Bank Group-wise analysis is presented in Table II. 2. Even though the achievements of technological changes in Banking Industry in India were impressive but there is a need to take greater advantages from new technologies and information based system to maximize the coverage. Pricewaterhouse Coopers report 18 suggested that Banks should take up automation that would be a combination of centralized networks, operations and a Core Banking applications that included Business Intelligence (BI), Business Process Re-engineering (BPR), and Customer Relationship Management (CRM) that catered to operational and analytical business needs. The multi-channel Banking has acquired further dimensions to include third party payments such as utility bills through different channels including Automated Teller Machines and mobile banking. Bank? internal groups examined the issues, relating to rural credit and micro-finance opportunities in the sector with several possible options like smart card-based kisan credit cards, smart card solutions for self-help groups, Automated Teller Machines with local language and voice facility and call-center amenities with added services given by various Banks. Introduction of Kisan Credit Cards (KCCs) for providing credit to farmers had increased in the number a multi-fold since its inception in the late 1990? s and the total percentage share of these cards reached above forty percent 19. 97 Banks had transformed themselves into Universal Banks by adding new channels with lucrative pricing. Recent innovations in the form of total quality management, reengineering work processes, flexible systems have only one thing in common serving the customers well through improved operational efficiency. Consolidation in the Banking Industry followed by technological up-gradation acted as a key factor to boost the international competitiveness of the Indian Bank? s. Adapting technology had brought down the cost of transactions visibly and at the same time aided in business continuity. A Study mentioned that the cost per transaction through a branch was Rs. 66, cost per transaction ; through Automated Teller Machines was Rs. 22, and cost per transaction through internet was Rs. 0, ignoring the extreme variations owing to the investment cost and nature of transactions 20. This low cost benefit was opted by Commercial Banks as it helped them to reach to poor people, particularly those working in the rural areas and those who earn and spend cash. In order to handle their cash transactio ns Banks formulated two types of Information and Communication Technologies (ICT). People could either use Automated Teller Machines that could accept, store or dispense cash or they could use a biometric device, which were mobile in nature. Infrastructure in India, has improved resulting into widespread use of Automated Teller Machines facility in villages as well. These machines consisted of additional features that included fingerprint use as a mean of authentication with a view that rural people were more comfortable with fingerprints than plastic cards. 98 The wide geographical coverage to access Banking related products and services with the help of mobile phone technology and the use of internet for banking transactions has gained superior usage. These modes of transactions required a safe and secure environment and provide a variety of options available for customers with different requirements. The numbers of mobile phone subscribers in India were about 261 million (March 2008). Towards this end, Reserve Bank of India issued guidelines for mobile banking transactions. Initially Banks offered the facility to their customers subject to a daily cap of Rs. 5,000 per customer for fund transfer and Rs. 10,000 per customer for transactions involving purchase of goods or services 21. Usage of internet banking in India is mainly dominated, by Private and Foreign Banks. Still, the number of individuals utilizing internet services has increased considerably. In 2006, about 12 percent of the 38. 5 million internet users in India used online banking and the figure for online banking increased to 16 million in 2007-08 22 . The average cost of servicing a customer through internet banking is the tenth of the services extended through a branch. Thus, there is a direct contribution to the profitability for a Bank and therefore, internet banking became a potential low cost alternative 23 . From customer? s viewpoint, internet banking is highly convenient as it help to avoid branch queues and makes customer free from depending on the inconsistent quality of services at the branch, which varied from person to person at the service desk. Internet Banking allowed customers to operate their accounts at their convenient hours instead of being dependent on the Banks working hours. Moreover, internet banking permitted customers to transact on a 247 basis from any part of the world. 99 Therefore, internet banking delivery channel has the potential to contribute directly towards the nation? prosperity as it allowed more people to join the Banking stream without adding cost and it is tremendously convenient to customers. Reserve Bank of India started measures to create multi-lingual links on its website for thirteen Indian languages on all matters concerning Banking in June 2007 24. In the recent years, the use of electronic payments has witnessed manifold increase reflecting increased adoption of technology. The electronic payment systems comprised of the large value payment systems like Real Time Gross Settlements (RTGS), National Electronic Funds Transfer (NEFT) and card based payment systems. The growth of volume of transactions directed through electronic payment has decelerated from 41. 4 percent in 2007-08 to 24. 8 percent in 2008-0925. The numbers and usage of Automated Teller Machines had gone up substantially during the last few years. Automated Teller Machines were primarily used for cash withdrawal and balance enquiry. In 2008-09, the total number of Automated Teller Machines installed by the Banks grew by 25. 4 percent. Automated Teller Machines of State Bank of India group registered a sharp growth of 34. 5 percent. While the Automated Teller Machines installed by new Private Sector Banks and Foreign Banks was 3 times of their respective branches 26, 27 . In March 2008, the population per automated teller machines in India was more than 29,500 as against the range of 1,000-9,500 in some of the other emerging market economies 28, 29 . In June 2009, Reserve Bank of India permitted Scheduled Commercial Banks to install off-site Automated Teller Machines at places identified by them, without any need to take permission from the Reserve Bank of India. Cash withdrawal from Automated Teller Machines of the Bank? s was made free of charges, April 2009 onwards. This made Automated Teller Machines more popular among customers. 100 Banks had deployed Information Technology solutions to facilitate automation in transaction management, reporting and risk management. Most of the Banks across the segments had already implemented Core Banking Systems. In the 2007, 85. 6 percent and in the 2008, 93. 7 percent Public Sector Banks were fully computerised 30, 31 . Other rograms such as internet based transactions, self-service kiosks, mobile banking were either underway or planned in near future by Public Sector Banks. Foreign Sector Banks and old and new Private Sector Banks in India, had progressed well in the areas of technology up-gradation i n operations. Technology up-gradation helped to introduce new products and services to enable Banks to improve the quality of service and value added services. Overall, Indian Banks score well with respect to technological adaption and the three key characteristic contributing towards the effective use of information technology in Banking Industry were: ? Factor Cost Advantage- information technology related labour costs in India remained cheaper as compared to other countries; ? Distribution Strategy- Indian Banks adopted a unique business model, acquiring customers rapidly with minimal technological investments; and ? Information Technology Governance- Indian Banks emphasized on information technology governance with the strong in-house Information Technology Division and a Chief Information Officer (CIO) directly reporting to the Chief Executive Officer (CEO) in most cases. 101 It is information that made the Banking Industry stable. The pressure of competition and the need to improve productivity has generated a need for better information. In order to manage Banking operations to meet the needs of managers operating at tactical and strategic level and to improve their quality of decisions and policymaking processes within the Banks. Banks needed to set up an efficient and comprehensive Management Information System (MIS) without which asset and liability management and risk management were not possible. However, adoption of technology by Banks provided them competitive advantage in their operations but at the same time Banks became dependent on outsourcing for most of their technological applications. Therefore, Banks needed to employ caution to put in place mechanisms for vendor management. As an insecure system, could expose Banks towards serious operational regulatory and reputational risks. Banks have taken measures to safeguard the risk factors, emerging due to the use of technology. Towards this end, the Institute for Development and Research in Banking Technology (IDRBT) helped Banks to bring in technology and enabled them to work in secured environment while operating Real Time Gross Settlements System, Centralised Fund Management System (CFMS), corporate e-mail, and internet banking. It also acted as a „certifying authority? for the Banking Sector in India by issuing Digital Certificates 32 . Still there exists need to ensure much more accountable systems with regard to online payments with uniform standards all over the world. 102 Social Factors Before nationalization of the Banks, their control was in the hands of the private parties and only big business houses and the effluent sections of the society gained benefits from the Banking in India. Thus, adoption of the social development model in the Banking Sector was necessary for speedy economic progress consistent with social justice in democratic political system. Bankers were directed to help economically weaker sections of the society and to provide needed finance to all the sectors of the economy with flexible and liberal attitude. India? s demography had undergone transition and the demographic trends 1950 – 2050 studied, illustrates that India? s fertility rate is consistently falling from the peak 5. 91 percent in the first decade after independence to 2. 76 percent today and expected to fall further to 1. 85 percent. Even the death rate also likewise showing consistent decline from its peak 25. 5 in 1950-55 to 8. 5 today and to the lowest of 7. 9 in 2020-2025 33 . This ignifies towards steady number of customers for Banking Sector with longer income in the coming years. Indeed, India would be one of the youngest nations with its median age lying between 25 a nd 30 years over the next 15 years (2010 to 2025) 34. This signified that India would enjoy its prevalence of young age population for almost four decades. Thus, India? s demographic transition needed to be exploited by Banking Sectors viewing it as an opportunity. 103 Increase in the per capita income of the working class population of India, enabled individuals to purchase goods, which were far out of their reach earlier. It also encouraged people to buy goods for their personal use and for their family. Today societies have shifted towards nuclear family, resulting into the growing needs for home consumer durables like washing machine, television, bike, car etc. This showed how we as a society have moved from a socialist society to a consumerist society. Understanding these changes and to use them as an opportunity Banks provided various types of loans to farmers, working women, professionals, education loan to the students, housing loans, and consumer loans. Even customers life style, their behaviour, and consumption patterns have changed which acted as an opportunity as well as a threat for Banking Industry. Deposits showed a subdued growth during this decade. In 2008- 09 personal loans by Commercial Banks was 12. percent with respect to 10. 8 in 2007-08 of which housing loan was 11. 6 percent in 2007-08 and 7. 4 percent in 2008-09 35 . This deceleration was observed in housing loans especially due to economy slow down. Literacy rate in India is low as compared to other developed countries. Illiterate people hesitate to transact with Banks. Therefore, this influenced negatively on Banking Industry. Nevertheless, there exists positive side of this as well that illiterate people trust more on Banks to deposit their money as they do not have market information they do not put money in stocks or mutual funds so they look Bank as their sole and safe alternative. For a common man Banks have emerged as the key players to provide variety of products and services like saving accounts, insurance, remittance and other facilities to the under privileged and the poor in rural, semi-urban and urban areas or socially disadvantage as well as the small and medium enterprise sector . 104 On the other hand Banks deal with big clients or big companies which required personalized banking as these customers do not believe in running and waiting in queues for getting their work done . To these customers bankers provided special provisions and at times benefits like individualised hosting to these types of customers. It was brought to the notice of the Reserve Bank of India that visually challenged persons were facing problem in availing Banking facilities. Reserve Bank of India in June 2008 advised all Banks to ensure that all facilities such as cheque book including third party cheques, Automated Teller Machine facilities (at least one third of new Automated Teller Machine installed with Braille key pads and located strategically), net banking, locker, and credit cards to be provided to visually challenged persons without any discrimination 36. Banks related crimes are rising. These crimes included the typical ones such as Bank robbery, false statement to a Bank in order to obtain loan, false entry in a Banks book, Bank bribery, and Bank fraud. The other new types of crimes have also emerged like accessing to the whole or any part of information technology system without rights. These also included manipulation of Banking system, data alteration, or data destruction to make unauthorized identity theft with reference to Automate Teller Machines. Indian police has initiated by opening of special cyber cells across the country and started educating the personal against these crimes. 105 Political Factors Before 1990, the lack of accountability and lack of profit motive in Nationalized Banks was credited to political interference. After the economic reforms of 1991, the Indian Banking Industry entered into the new horizon of competiveness, efficiency, and productivity. Reserve Bank of India? s control system and its monetary policies acted as a major weapon in India? financial market. However, sometimes looking into the political advantage of a particular party, Government declares some measures for their benefits like short-term agricultural loans to attract farmer? s votes affecting the profits of the Banks. Even according to Banking Banana Skins, survey 2010 political interference was considered as the greatest risk for Banking Industry 37. In the Budget provisions, Finance Minister increased the farm credit target for 2009-10 at Rs. 3, 25,000 crore compared to Rs. 2, 87,000 crore in 2008-09. The Union Budget 200910 extended the debt waiver scheme by six more months for farmers owing more than 2 hectare of land. The Union Budget 2008-09 allowed farmers 25 percent rebate on 75 percent of their overdue repayment within the stipulated period 38 . Government also announced setting up of a task force to examine the issues of debt taken by a large number of farmers in some regions of Maharashtra from private moneylenders who were not covered under the loan waiver scheme 39 . With Government bearing this burden, Banks would not be affected much. As Government assured to help, Banks to clear their most stubborn non-performing assets accounts on Banks Book. In addition, the emphasis on expanding network with Automated Teller Machines, opening of Banking centre in unbanked blocks were some of the positive moves taken by Government. 106 Political interference by the leftist political parties claimed that various regulations with respect to Foreign Banks would benefit only those Banks, which intend to make a quick jump by providing high-profile corporate services, instead of those who wish to intensify their rural operations. Left political parties also cautioned that foreign players could increase their holding size in a particular Bank that would lead to an imbalance of power. Banks under the conventional system of recovery of loans had a considerable amount of money blocked in form of unproductive assets. Hence, to beat this difficulty parliament enacted Recovery of Debts to Banks and Financial Institutions Act, 1993 also refereed as Debt Recovery Act. This Act created a separate apparatus in the order of Debt Recovery Tribunals, which were handed over the responsibility of administering disputes pertaining to non-payment of debts. As this legislation was general in nature, another legislature by Parliament was enacted , referred as Securitization Act with an objective to give the Banks, more power over defaulting borrowers 40,41. Unions The post nationalization era in the Banking Industry in India, particularly in the Public Sector, witnessed consolidation of trade unions. All the nine unions had all-India presence in the Banking Industry. Five workers unions and four officers unions represented almost 100 percent of the workforce in the industry and joined hands to form a United Forum of Bank Unions (UFBU). United Forum of Bank Unions comprised of All India Bank Employees Association, (AIBEA), All India Bank Officers Confederation (AIBOC), 107 National Confederation of Bank Employees (NCBE), All India Bank Officers Association (AIBOA), Bank Employees Federation of India (BEFI), Indian National Bank Employees Congress (INBEC), Indian National Bank Officers Congress (INBOC), National Organization of Bank Workers (NOBW) and National Organization of Bank Officers (NOBO) 42. Representatives of unions were encouraged to give suggestions. However, in many cases undue interference of unions in decision-making has adversely affected, leading to the deterioration in discipline, efficiency, and performance effectiveness. With the growing strength of these organizations, the issues relating to employees interests were no longer determined by Bank? s managements alone. The massive introduction of technology into the industry made union policies defensive. Unions focused almost entirely on the immediate consequences of technological change on the workforce, especially the aspect of possible job losses. Employees in Public Sector Banks were repulsive to move from one table to another of the same branch. Now the trade unions seem to be willing to allow mobility for employees within a district as mergers enforced them to move from one state to another. Other issues taken up by unions were like introduction of New Pension scheme and variable pay which were resolved with the help United Forum of Bank Unions. Banks unions are also involved in demanding salary hikes, job losses, disinvestments in Public Sector, and issues related to violation of labour laws, and allocation of funds for schemes for unorganised workers. 108 After attempting, the macro level environmental analysis of Indian Banking Industry a micro functional level Human Resource Environmental Analysis has been attempted with the help of SWOT analysis (Strengths, Weaknesses, Opportunities, and Threats), it would help to further develop strategic viewpoint about the industry (Table II. 4). TABLE II. 4 HR SWOT ANALYSIS WITH RESPECT TO INDIAN BANKING INDUSTRY STRENGTHS ? ? ? ? ? ? ? Educated Manpower Higher Compliance Amongst Employees Experienced Employees Training Infrastructure Availability Safe Working Environment Responsiveness to Needful Change Strong Regulatory Institutional Framework ? ? ? ? ? OPPORTUNITIES Liberalization of Banking Sector Preferred Industry for Employment Availability of Multi-specialist staff Technology for Improved Interpersonal and Communication Skills Workforce Diversity WEAKNESSES ? ? ? ? ? ? ? ? Limited Technology Skills Repetitive Tasks Structure Inadequate Remuneration for Attracting Talent Lacking Career Growth Path Rigid Recruitment Policies Hierarchal Structure Rigid Wage Negotiation Process Leadership Deficit at Senior Level ? ? ? ? ? ? ? THREATS Movement of Skilled and Quality Staff Difficulty in Hiring Highly Qualified Youngsters Trend Towards Downsizing Changing Workforce Demographics High Staff Cost Overheads Changing Employees Expectations Entrenched Trade Unionism 109 Key Concerns for Indian Banking Industry The macro level analysis of Banking Industry and micro level analysis with respect to Human Resource functions helped to identify the key concerns related to the Banking Industry. Competition in Banking Industry is very high as Banks are fighting for same share of customers. There are many Banks and non-financial institutions which gave rise to intensified competition. Amongst these, there existed relatively no differentiation in services and every Bank tried to copy each other? s services and technology which increased the level of competition. Competition from the non-Banking financial sector is increasing rapidly as there are substitutes like mutual funds, stocks (shares), government securities, debentures, gold, and real estate acting as a high threat of substitutes. The continuous deregulation has made the Banking Market extremely competitive with greater autonomy, operational flexibility, decontrolled interest rate, and liberalized norms for foreign exchange. The deregulation of the industry coupled with decontrol in interest rates had led to the entry of a number of players in the Banking Industry 43. Alliances and takeovers had occurred on a transatlantic basis. The market share for financial services that Banks hold had declined, while securities firms, mutual funds, and finance companies has grown 44 . Banking Sector needs to build up a strong and efficient financial system by emphasizing on risk based management. 110 In Banking Sector, customers have high bargaining power due to the presence of very large number of alternatives. Banks together with the specialized financial companies that provide finance to customers are available. Recently it was observed that depositors had withdrawn funds from Private and Foreign Banks and invested their money with Public Sector Banks as the cost of switching from one Bank to another was low and almost all Banks provided undifferentiated services. Today customer? s have more information and better understanding about the market, Banks have to be more competitive and customer friendly to serve them. To retain customer? s and market share, Banks started contemplating on building strong relationship with customers. United Bank of India created a revolution in Banking Industry by opening up a boutique branch in Pune in November 2007, as its priority was to provide services to the high net worth customers. Thus, United Bank also recognized the needs of high net worth individuals different from the other customers. United Bank organized corporate golf tournament for customers, music concerts, and screening of Mani Ratnam directed film „Guru? 45 . Bank? s top management has started carefully evaluating the impacts for their actions. Recently, before cutting jobs in Private and Foreign Banks, Human Resource managers tried to assess reactions beforehand and they came out with certain proactive steps. Banks persistently worked in the interest of the Society. This chapter focussed on the environment analysis which is, undoubtedly, required for strategy formulation, and at the same is relevant as a backdrop for strategy implementation. For instance, the needful Human Resource Practices have to be continuously evolved and implemented against the ever-changing macro and micro environment of the Banking Organizations. 111 REFERENCES 1. Wei, C. C. (2001) Environmental Scanning as Information Seeking and Organizational Learning, Information Research, 7(1). 2. About us retrieved on 26 December 2010. 3. Goyal, O. P. (1979) Financial Institutions and Economic Growth of India, New Delhi: Light and Life Publishers. 4. About Us retrieved on 26 December 2010. 5. retrieved on 28 December 2010. . Reserve Bank of India (2008) Report on Trend and Progress of Banking in India 2007-08, lt; www. rbi. orggt; retrieved on 25 December 2009. 7. Reserve Bank of India (2008) Report on Trend and Progress of Banking in India 2007-08, p. 115. 8. Reserve Bank of India (2008) ibid (7), p. 114. 9. Reserve Bank of India (2009) Report on Trend and Progress of Banking in India 2008-09, p. 125. 10. Reserve Bank of India (2008) ibid (7). 11. Reserve Bank of India (2009) ibid (9). 12. Reserve Bank of India, (2008) ibid. (7), p. 115. 13. Reserve Bank of India, (2009) ibid. (9), p. 125. 14. Chandrasekhar, C. P. (2005) What is Happening to Indian Banking? Frontline, 22(4): 12 – 25. 15. Reserve Bank of India (2008) ibid. (7), p. 116. 16. Reserve Bank of India (2009) ibid. (9), p. 127. 112 17. Reserve Bank of India (2009) ibid. (9), p. 142. 18. PricewaterhouseCoopers Report (2006) retrieved on 25 December 2009. 19. Raju, S. (2010) Financial Inclusion: Enabling Inclusive Growth. The India Economy Review, 7:42-49. 20. Sekar, G. V. Emerging Trends in Technology Adoption by Indian Banks and IT Governance – A Practical Guide, lt; http://www. cab. org. in/Lists/ Knowledge% 20Bank/ Attachments/43/Emerging%20Trends. pdfgt; retrieved on 3 June 2008. 21. Reserve Bank of India (2008) ibid. (7), p. 81. 22. Chandrashekaran, N. (2009) CII Banking Tech Summit, lt; http://www. financial express. com/news/indian-banks-behind-global-peers-in-technologypwc/438064gt; retrieved on 24 March 2009. 23. Jayawardhena, C. and Foley, P. (2000) Changes in Banking Sector The Case of Internet Banking in UK. Journal of Internet Research: Networking and Policy, 10(1):19-30. 24. Rao, R. (2000) Banking @ The Speed of Thought, Business India, October 30November 12: 71-108 25. Reserve Bank of India (2009), ibid. (17). 26. Reserve Bank of India (2009) ibid. (9), p. 141. 27. Reserve Bank of India (2009) ibid. (9), p. 261. 28. Reserve Bank of India (2008) ibid. (7), p. 130. 29.

Macroenvironmental analysis of Computer industry :: essays research papers

The national/international economy Opportunities *upswing of national economy * The Tax Relief Reconciliation Act of 2001 has begun a decline in the taxes on American households, and will continue to do so until they reach the final goal of a total of 3% drop in 2006. In addition, the Working Families Tax Relief Act of 2004, which is a supplement to the 2001 act, has increased the dollar amount for child tax credit. Therefore, American households now, more than ever, have large amounts of disposable income. * Recent legislation has reduced the amount of taxes for which small businesses are responsible. As a result of this recent legislation, there are three major areas of opportunity for small business owners to experience tax relief: (1) individual income tax returns, (2) growth incentives for small businesses, and (3) a reduction of taxes on dividends and capital gains. Therefore, this allows for more capital expenditures for small businesses. *mergers with overseas companies Threats *international economy in recession   Ã‚  Ã‚  Ã‚  Ã‚  *Earlier this year, the World Trade Organization ruled the U.S export-tax provision, which was intended to boost U.S. exports, illegal. After the ruling, the EU imposed punitive tariffs, now at 12% and rising 1% each month, on about 1,600 U.S. exports. If these high tariffs are left in place it will hurt the U.S by reducing export opportunities. In addition, many of our trading partners tax income earned within their borders only, while we tax the income of U.S. taxpayers regardless of where it is earned, therefore U.S. companies doing business overseas are often subject to a double tax on foreign earnings. * In the recently released World Economic Outlook for 2004, the International Monetary Fund has projected inflation in 2004 to be higher than that witnessed in the previous few years. For instance, inflation in the US is likely to touch a level of 2.1 per cent, larger than 1.6 per cent of 2003 and the past 3-year average of 1.7 per cent. This is seen as a threat because inflation has the ability to impact price levels in the country, which could potentially slowdown economic growth. * Despite the massive growth of the third quarter of last year, capacity utilization in the U.S. barely nudged up, from 72.4 percent to 72.6 percent. Capitalists therefore have little reason to build new factories and expand the system for years, keeping job growth substandard for a long time. Throughout this cycle, there will be the continuing shift of high-wage jobs in manufacturing to China and in services to India and elsewhere.

Personal Development and Lifelong Learning Sector

Personal Development and Lifelong Learning Sector sys cheesy unit 5 Continuing Professional and Personal Development In this assignment I will evaluate my own approaches to CUP, weigh up my strengths and developmental needs In relation to literacy, language and innumeracy needs. This will be continued to develop my knowledge by using my own reflection and the feedback I have received from others.The outcome will be to establish a plan to identify the opportunities I have and want to take to address my learning needs. During the second part of this assignment I will analyses and compare the relevant harries, principles and models of reflective practice how these theories and principles can be applied to my own development as an autonomous learner. Identify and engage In CUP opportunities and Identify previous CUP opportunities I have experienced, the good and the bad.To conclude in this part I will evaluate the impact to the CUP to my own professional practice and Identity any further developmental needs. In the final outcome I will analyses and compare the different teaching roles and contexts in the lifelong learning sector. I will go on to evaluate my own role and he responsibilities with reference to area of specialist and as part of a team. Finally analyses the impact of own professional, personal interpersonal skills on learners and others. Question one.Continuing Professional Development (CUP) is a process by which individuals take control to their own learning and development, by engaging In an on-going processor reflection and action (Whitaker, 2007) In critically analyzing my continuing professional and personal development I have used a number of sources as follows: * Terms of Reference * SOOT Analysis * Managing work self audit * Assertiveness audit * Intelligence test Time management tips * Stress management tips * Minimum core handbook * Lips with LULUS professional standards * Year one optional unit with my personal professional development plan i nitially started by looking what I add written on my Lips and reviewed what had written tort year one and in the summer in preparation for year two. I feel in just eighteen months my teaching knowledge has changed as I was never too sure what to write for these castles at the beginning, but with direction from my tutor and mentor I feel my year two LIP is more professional by using the LULUS professional standards. Annex M) Due to completing this course and the tact I have been on my own In the 1 Offs centre during the summer months, I nave completed majority to the teaching to complete the mandated hours for the course and self-development.This has played a major part in my main two developmental areas for year one's goals. They were confidence and experience; I feel I have improved a great deal in these areas and plan to carry on doing so in the future. Looking at my SOOT analysis (annex E) I feel I have gathered a good number of things and included them on my LIP update (annex D) I do feel I have improved on reflection and perhaps I try to over complicate this as I often do with other areas. The feedback I have received from my tutor on last year's reflections was positive so I think maybe trying too hard to create something and demanding too much from myself over this area. So overall I plan to continue keep attacking this area.One other area I would like to touch on my SOOT analysis in the threat column was I included my pregnancy. Now while this is something I am very happy about, it is something that will have a major impact on my career with possible skill fade while taking maternity. I plan on taking a year off work for maternity followed by leaving the Royal Air Force in the next couple of years and finally getting a new Job in the lifelong learning sector. In the skills audits (annex's F-L) I have completed, nothing really gave surprising results but they have identified areas which I thought I had achieved the right level but could work on to furth er e. G. CIT skills and time management.Again all of these things I have recognized and included on my updated LIP. Throughout my reflections as previously discussed I have felt under confident and lacked experience which I feel I have developed positively. In feedback I have received from my tutor and mentor in relation to the course has been positive on the whole. There were highlighted areas for development such as varying the techniques I use such as pair and group work. This I will try and do but it has been difficult to address as we have the students for a short about of time and a lot of work to complete. It is something I am trying to work on and will endeavourer to achieve these aspirations in the coming months.The second area of development was given to me by my mentor, it was that I talk very quickly while heading the class ND do not allocate enough time for students to answer my questions. This I think is down to nerves when being observed. Hopefully with the further ex perience I have achieved I have slowed myself down for the next observation I have. In planning appropriate opportunities to address these identified learning needs as been quite difficult as I only have approximately 9 weeks left at work before maternity but I will maintain to keep focused and improve in that time. Dependent on being a new mother I will endeavourer to complete online courses to ensure I do not develop skill fade. Question 2There are many different theories, principles and models designed around CUP. It has become an important aspect in and around teaching in recent years with the highlighted benefits of increased credibility, building professional confidence, providing career development and coping with change. These are the benefits for the individual without the numerous benefits for the organization. David Chon was known as being the first to introduce reflective practice, in his book The Reflective Practitioner in 1983. However the concepts underlying reflectiv e practice are much David Chon was born in 1 O and graduated Yale in 1951 tater studying hilltop's.His views on reflective theory stemmed from his study of John Dew's theory of inquiry. This became his pragmatist framework in his later work. The backbone of Scion's notion was reflection in action and reflection on action. While reflection in action was described as â€Å"thinking on your feet† This does seem to be the one theory most have taken and further develop into their own. Davis Kola's experimental learning cycle is also known as a reflective tool where you take your experimental learning gained through action and practice. The experience must somehow be transformed for the learning to occur. The model uses the experience first grasped and then transforms it into strategies that give guidance to future actions.Graham Gibbs published his reflective cycle in 1988 which is based on Kola's model of experimental learning, where many reflective models take the basic informat ion for example Boron's model on reflection 1970 chic was later developed by Roller 2001) asks three simple questions What? So what? Now what? Gibbs model goes into further detail and asks many different questions and breaks it down further. So in comparison of the two Barton asks three questions where Gibbs asks six. Overall in comparing the theories they all hold the basic fundamentals of learning after an experience. Most theories are derived from models associated with describing learning. Therefore it has been accepted that in context of theory reflective practice is an experimental process to identify developments and CUP is the act of improvement or modification.In my own opinion most recent theories have lust taken older ones and further developed them to work for themselves. Throughout my learning Journey regarding reflective practice it has been quite a struggle to find a model that I am comfortable with. Reflection to me is when I am having some quiet time such as walking the dogs and running things through my mind, looking at what happened and breaking it all down. Finally deciding what I should do differently next time. I do however find it difficult to put it into format, never too sure on what is required and what people are looking for. However with this uncertainty I have found the Gibbs model is far easier to use as it gives me plenty of pointers to discuss.Using theories, principles and models can be used as an autonomous learner once you have found one that you are comfortable with. When I first started completing my first year reflections I spoke to my mentor about the difficulties I was having, and the response is the only negative thing I have found with them. They responded with they used Boron's model as it was simple to use and I should give it a go. This was one I could not get to grips with, so after speaking to my tutor I did some further research and came up with the same model as she sent me, Gibbs. As we have discussed in other assignments, classes and work everyone learns/works differently and to work as an autonomous learner in reflection they have to find a model that suits.Throughout the year, the accreditation center staff are kept aware of upcoming CUP events in our specialist field. We regularly attend City and Guilds events, ‘FL and our Apprenticeship Management Team (MAT) CUP events. These are normally notified via email but we also check the websites to ensure we have not missed anything. We also conduct our own CUP events for the center star TTT and our workplace assessors as this is a requirement trot boot our awarding body and MAT. These are invaluable assets to all people in the teaching environment they give networking opportunities to others who teach in the same environment. Also attending generic events can have its benefits too as people can share views, opinions and methods.For the professional bodies putting on these events they can be one of the best ways to get their messages a cross. Keeping people up to date with current procedures as well as any up and coming changes that are being applied. The one CUP event I attended was an ‘FL event earlier in the year at Coventry University. I felt it was a fantastic event with lots of very interesting seminars throughout the day. It gave us an insight on the plans of ‘FL with the upcoming Linefeed report at first followed by different classes covering emerging technologies, dyslexia and SETS status. Speaking to other attendees and staff gave me a good insight t other roles and insights as I had not been in the world of teaching for even a year at that point.After a seminar about dyslexia I felt extremely energize over the subject of Spud's and felt I could listen to the lecturer all day. Another member who was from Birmingham University who had done a huge amount of research and created a presentation at her place of work gave us all further information. The whole event was a huge success in my eyes and I felt I took away so much from it. I was also keen to keep hold of my ‘FL membership no matter what'd planned to gain SETS status as soon as I could. But after eight months now and very little heard from ‘FL, the lack of CUP events since has dampened my enthusiasm for ‘FL and I now question my need for them. Bring back ‘FL CUP events!At this current stage of the year there is little being offered in regards to CUP which as a little bit of a problem throughout the year. ‘FL has had very little going on, certainly in my area of expertise and location. I think this has been due to the Linefeed report and their concentration has been geared towards the outcomes from that report. City and Guilds have only directed their CUP events at other sectors (IEEE Hair and Beauty) and Quality Assurance, both of which have not been beneficial to me. I recognize the need for CUP but with the upcoming birth of my daughter, it will be taking a back seat as work will be o ver the next 15 months. I hope to carry on CUP in that time but it will be individually activities.What are you trying to achieve by your teaching? This is a very demanding but when you can answer it, also a very illuminating question. Of course you want you students to learn successfully, but you may also have an overarching personal goal (Petty, 2009) My role in the lifelong learning sector is more of an instructional/facilitator role than a teaching one. In regards to the FEE sector this covers general FEE colleges, tertiary colleges, sixth form and independent and specialist colleges. Many colleges work in partnership with other members of the sector and are mainly associated with the delivery of education of 14-19 year olds, leaving school.There has been a great deal of change over recent years to adult learning due to recessions and redundancies over the last 3 years along with the changes to funding. The other I would like to touch on is offender learning. This Government ini tiative is designed to reduce refunding behavior. Often offenders are under achievers at school, with a lack of motivation. They put the age range of 10-18 but in adult institutions have got TTY to learn new skills and trades, tort example Gordon Ramsey doing workshops in Britton Prison for offenders to learn the trade of being a chef, on Channel 4. In this sector the teachers do struggle in the conditions, not only do they have to deal with dissatisfied learners with emotional and behavioral issues.They have to ensure they meet POSTED requirements as well as Home Office policy, all with minimal resources. This isn't Just a ‘let's go and cook along with Gordon in prison' thing. The idea came from the fact that there are approximately 80,000 inmates across the country now, which is a hell of a lot. It was about getting them doing something with their time, giving something back, and also getting Job-ready. The biggest problem is the re-offending percentages, people Just go roun d and round in the system. (Channel 4, 2012) So in comparison to my role to the others mentioned I find myself feeling a bit of a fraud in comparison at times with other sectors. FEE colleges have numerous challenges to contend with as does offender learning.

Prejudice in of Mice and Men Essay

This essay is firstly going to look at racial prejudice. There is much racial prejudice shown in Of Mice and Men towards Crooks the black crippled stable buck. Crooks is more permanent than the other ranch hands and has his own room off the stables with many more possessions than them. This room is made out to be a privilege and also because it means he is nearer to the horses but in fact it is really because the other ranch hands do not want him in the bunk house with them. As a result of this prejudice Crooks has become bitter and very lonely. When Lennie comes to pet the puppies, not even realizing that Crooks’ room is `out of bounds’, Crooks instantly becomes defensive and uncivil â€Å"I ain’t wanted in the bunk room and you ain’t wanted in my room† but Lennie in his childish innocence is completely without prejudice † Why ain’t you wanted† he asks. Crooks retaliates to this with: â€Å"Cause I’m black, they play cards in there but I can’t play because I’m black. They say I stink. Well I tell you, all of you stink to me† This line showing that Crooks desperately wants to join in, be accepted, but because of his colour he can’t and so he feels the only way he can make himself feel better is to cut himself off further. It is evident his life has become a vicious circle of resentment and mistrust of others. However, the author reveals that it has not always been this way. When Crooks realizes that Lennie means no harm, he invites him to â€Å"Come on in and set a while† before recollecting memories about his childhood. He speaks of it as a kind of paradise: â€Å"The white kids come to play at our place, an’ sometimes I went to play with them and some of them were pretty nice. My ol’ man didn’t like that. I never knew till long later why he didn’t like that. But I know now†. Crooks didn’t experience racism directly in his childhood, making his current situation even worse. As the conversation continues, Crooks becomes fascinated by the strength of the friendship of Lennie and George, He questions their closeness, asking â€Å"Well, s’pose, jus’ s’pose he don’t come back. What’ll you do then? † Crooks does not have any friends and wouldn’t know how losing one unexpectedly would feel. His mixture of curiousity and envy about the friendship of Lennie and George reveal the deep-seated cynicism that has developed within him. Although Lennie is retarded, Crooks takes advantage of his rare position of power to â€Å"torture† him mentally- â€Å"Crooks’ face lighted with pleasure at his torture†. Steinbeck aptly demonstrates the corruptive nature of prejudice. The pain of rejection and maltreatment experienced by Crooks, combined with his jealousy of the two protagonists’ friendship leads him to take it out on others. He will probably never experience a similar relationship and hence wants people to feel the way that he does, completely alone. Crooks goes on to talk about his loneliness † `A guy needs somebody to be near him’ He whined:’ A guy goes nuts if he ain’t got nobody. Don’t make no difference who the guy is, long’s he’s with you’ he cried `I tell ya a guy gets too lonely an’ he gets sick'† Crooks is looking for sympathy, he is so incredibly lonely even to the point to saying that loneliness can make you ill. George continues to talk about his dream. Crooks, having been on the ranch for quite a while, has witnessed a lot of people with the same dream, he ridicules it â€Å"Nobody ever gets to heaven, and nobody never gets no land† but when Candy comes in and backs up what George has been saying he begins to believe in the dream â€Å"If you†¦ guys want a hand to work for nothing – just his keep, why I’d come and lend a hand† Crooks sees the dream as his escape from what he is living in, somewhere like his childhood where his color wouldn’t be an issue. There are different levels of racial prejudice exhibited throughout the book. Most of the ranch hands don’t like or socialize with Crooks but would not go out of their way to insult him. Curley’s wife on the other hand is rude without excuse. † `Listen, Nigger’ , she said. `You know what I can do to you if you open you trap'† She abuses her position and has no respect for him at all, she doesn’t even refer to him by his name, looking down on him with utter contempt and disdain. It is attitudes like hers that have turned him into the bitter man he has become – â€Å"Crooks had reduced himself to nothing. There was no personality, no ego-nothing to arouse either like or dislike† As with Crooks’ treatment of Lennie, however, the author reveals the reciprocal nature of prejudice and resentment in the farm. Curley’s wife encounters a lot of discrimination because of her sex over the course of the novel. Living on a ranch where the large majority of the inhabitants are male, she is very lonely. George knowingly comments, â€Å"Ranch with a bunch of guys on it ain’t no place for a girl† . Perhaps as a further representation of her apparent insignificance she is always referred to as `Curley’s wife’, never given a name. She experiences further sexual prejudice in that none of the ranch hands will talk to her. This is partly because she can make up things about those she dislikes who will subsequently get `the can’ and also because she is a `looloo’ with a very flirtatious nature. â€Å"She got the eye goin’ all the time on everybody. I bet she even gives the stable buck they eye. I don’t know what the hell she wants† says Whit. The ranch hands don’t trust her or understand her. An old lover told her that she â€Å"coulda went with the shows, not jus one neither† He promised her that he would write â€Å"Soon’s he got back to Hollywood† but he never did and so she married Curley. Because of this she’s dissatisfied and feels she’s been deprived by life. In fact she doesn’t even like Curley â€Å"He ain’t a nice fella†. Because she has nothing to do but sit at home she goes out on the ranch under the pretence of looking for Curley. Some of the sexual prejudice she experiences is her fault, she scares the ranch hands with her femininity but she isn’t really a tart, she just craves attention which she doesn’t get from Curley. Ignored by both the ranch hands and Curley she has ended up very lonely, the one thing she most wanted to escape. It is ironic that the traditional social pressure to marry has perhaps decreased her social status and increased her loneliness. Candy, the old swamper is prejudiced against because of his age and his disability. Because of his hand he is unable to do a lot of the jobs that the other ranch hands do making him instantly an outsider. Also because he thinks that he is old he puts himself in a state of mind which handicaps him far more than his missing hand ever will. His life echoes that of his dog, he was once â€Å"the best damn sheep-dog I ever seen† but now is next to useless, Candy’s life has gone somewhat the same way. Curley experiences social prejudice because he is the bosses son. The other workers are scared of him because of the position of power he holds over them. Because they can’t accept him he has become horrible â€Å"This guy Curley sounds like a son-of-a-bitch to me, I don’t like mean little guys†. Curley is also very short, and therefore hates big men like Lennie. He is a very insecure man but hides these insecurities by acting as if he isn’t scared by anything or anyone. He has cut himself off from people as much as they have cut themselves off from him. Lennie is a victim of social prejudice in the fact that, being retarded, he can’t socially interact with the natural ease of George. He is left behind when the ranch hands go into town and he is left out of card games purely because he can’t play. Because he like others experiences prejudice, and also because he is very easy to talk to in that they know he â€Å"won’t go blabbing'†, Crooks and Curley’s wife feel they can talk to him. George and Lennie experience social prejudice in a sense that people can’t accept the unusual relationship they have with each other. The novel is a microcosm, a cross-section of society at the time, reflecting the prejudice that permeated the era . At the time of the novel blacks in America had no rights, they were seen as nobodies. Because of this prejudice many of them, like Crooks â€Å"retired into the terrible protective dignity of the negro†. Women also had very few rights. There are many different levels of prejudice exhibited in Of Mice And Men. Through these prejudices the characters such as Crooks and Curley’s wife have become intensely lonely but they are in hopeless position which they can do nothing about. These prejudices can still be seen in the world today.

Apartheid in Modern South Africa Essays - South Africa, Free Essays

Apartheid in Modern South Africa Essays - South Africa, Free Essays Apartheid in Modern South Africa subject = History title = Apartheid in Modern South Africa Apartheid is the legal segregation of races promulgated in the Republic of South Africa. The discovery of gold and diamonds in South Africa during the 19th century, ultimately lead to racially segregated compounds for mine workers becoming the fore fathers of apartheid(Kanfer 79). By the 1920s de facto apartheid was the predominant feature of life in South Africa (79). Apartheid, fought against for many years, until now was still a main factor in South Africa life. Today apartheid approaches its final years as political supporters of anti-apartheid such as President Nelson Mandela continually fights for a multiracial South Africa. The struggle against racial separatism, apartheid, still however continues today as there are many people supporting pro-apartheid movements. The hope for a non-apartheid South Africa, although achieved through bitter battles and political ploys, has today become a reality. The political support of the antiapartheid movement was perhaps seen greatest in 1991. Written in TIME Magazine by Greenwald, Former President F.W. de Klerk in February of 1991 opened Parliament with a pledge to legalize the militantly antiapartheid African National Congress and released A.N.C leader Nelson Mandela from jail (56). De Klerk also showed his intentions to "bring a swift end to legally sanctioned racial segregation" (56). "He called on Parliament to repeal immediately the remaining pillars of discrimination that dictate where blacks can work and live" (56). De Klerk also asked lawmakers to discontinue the Group Areas Act which segregated black and white residential areas and the Land Acts, which prevents blacks from owning land outside of specially assigned homelands (56). The Population Registration Act which forces South Africans to register by racial groups for political and economic purposes was phased out under de Klerks plans as the act is a major underpin for the apartheid system (56). Indeed, 1991 was the year of a great step forward for an antiapartheid South Africa. Yet another leap forward for a non-apartheid South Africa was the election of President Nelson Mandela in May 1994. Nelson Mandela, the leader of the African Nation Congress, fiercely opposes apartheid. After the first all-race elections in April 1994, the South African population took its leap forward in electing Nelson Mandela who would further antiapartheid movements. The continuing support for apartheid can be seen in many organizations such as the neo-Nazi Afrikaner Resistance Movement. These conflicting battles for support of apartheid are not without their bloodshed in modern South Africa. On March 1994, violence rang out in South Africa about apartheid as three pro-apartheid supporters were shot by black soldiers (Lacayo 49). These three people were indeed members of the neo-Nazi Afrikaner Resistance Movement (49). In TIME Magazine, Lacayo writes that these attempts to defend a remnant of apartheid is doomed as South Africa transforms itself into a multiracial state (49). Weeks before South Africas first all-race elections in April 1994, thousands of armed white extremists had an incurred with demonstrating residents in their demand to be allowed to vote (49). The eventual outcome of massive gun fire left as many as twelve people dead (49). These remanents of pro-apartheid movements can be seen throughout South Africa. The political end of South Africa looks in support of antiapartheid whereas the few who dont, condone violent actions taken place against the antiapartheid supporters. Violence will plague South Africa so long as people remain racist. But help from people such as South African President Nelson Mandela and former President of South Africa F.W. de Klerk will keep South Africa on its road ahead as the ultimate goal for the multiracial, antiapartheid South Africa is within reach. Greenwald, John. "The Twilight Of Apartheid." TIME Magazine Multimedia Almanac. CD-ROM. Cambridge: SoftKey, 1995. Kanfer, Stefan. "Cries of the Beloved Country." TIME Magazine Multimedia Almanac. CD-ROM. Cambridge: SoftKey, 1995. Lacayo, Richard. "Apartheid Apocalypse." TIME Magazine Multimedia Almanac. CD-ROM. Cambridge: SoftKey, 1995. Trevelyan, Mark. "Mandela thanks Commonwealth over apartheid." Reuters 9 Nov. 1995

Barack Obama - Speech Before a Joint Session of Congress

Barack Obama First Speech to a Joint Session of Congress delivered 24 February 2009 Madame Speaker, Mr. Vice President, Members of Congress, the First Lady of the United States (who is around here somewhere): I have come here tonight not only to address the distinguished men and women in this great chamber, but to speak frankly and directly to the men and women who sent us here.I know that for many Americans watching right now, the state of our economy is a concern that rises above all others. And rightly so. If you haven’t been personally affected by this recession, you probably know someone who has a friend; a neighbor; a member of your family. You don’t need to hear another list of statistics to know that our economy is in crisis, because you live it every day. It’s the worry you wake up with and the source of sleepless nights. It’s the job you thought you’d retire from but now have lost; the business you built your dreams upon that’s now hanging by a thread; the college acceptance letter your child had to put back in the envelope. The impact of this recession is real, and it is everywhere. But while our economy may be weakened and our confidence shaken; though we are living through difficult and uncertain times, tonight I want every American to know this: We will rebuild, we will recover, and the United States of America will emerge stronger than before. The weight of this crisis will not determine the destiny of this nation. The answers to our problems don’t lie beyond our reach. They exist in our laboratories and universities; in our fields and our factories; in the imaginations of our entrepreneurs and the pride of the hardest-working people on Earth. Those qualities that have made America the greatest force of progress and prosperity in human history we still possess in ample measure. What is required now is for this country to pull together, confront boldly the challenges we face, and take responsibility for our future once more. Now, if we’re honest with ourselves, we’ll admit that for too long, we have not always met these responsibilities as a government or as a people. I say this not to lay blame or look backwards, but because it is only by understanding how we arrived at this moment that we’ll be able to lift ourselves out of this predicament. The fact is, our economy did not fall into decline overnight. Nor did all of our problems begin when the housing market collapsed or the stock market sank. We have known for decades that our survival depends on finding new sources of energy. Yet we import more oil today than ever before. The cost of health care eats up more and more of our savings each year, yet we keep delaying reform. Our children will compete for jobs in a global economy that too many of our schools do not prepare them for. And though all these challenges went unsolved, we still managed to spend more money and pile up more debt, both as individuals and through our government, than ever before. In other words, we have lived through an era where too often, short-term gains were prized over long-term prosperity; where we failed to look beyond the next payment, the next quarter, or the next election. A surplus became an excuse to transfer wealth to the wealthy instead of an opportunity to invest in our future. Regulations were gutted for the sake of a quick profit at the expense of a healthy market. People bought homes they knew they couldn’t afford from banks and lenders who pushed those bad loans anyway. And all the while, critical debates and difficult decisions were put off for some other time on some other day. Well that day of reckoning has arrived, and the time to take charge of our future is here. Now is the time to act boldly and wisely to not only revive this economy, but to build a new foundation for lasting prosperity. Now is the time to jumpstart job creation, re-start lending, and invest in areas like energy, health care, and education that will grow our economy, even as we make hard choices to bring our deficit down. That is what my economic agenda is designed to do, and that’s what I’d like to talk to you about tonight. It’s an agenda that begins with jobs. As soon as I took office, I asked this Congress to send me a recovery plan by President’s Day that would put people back to work and put money in their pockets. Not because I believe in bigger government – I don’t. Not because I’m not mindful of the massive debt we’ve inherited – I am. I called for action because the failure to do so would have cost more jobs and caused more hardships. In fact, a failure to act would have worsened our long-term deficit by assuring weak economic growth for years. That’s why I pushed for quick action. And tonight, I am grateful that this Congress delivered, and pleased to say that the American Recovery and Reinvestment Act is now law. Over the next two years, this plan will save or create 3.5 million jobs. More than 90% of these jobs will be in the private sector – jobs rebuilding our roads and bridges; constructing wind turbines and solar panels; laying broadband and expanding mass transit. Because of this plan, there are teachers who can now keep their jobs and educate our kids. Health care professionals can continue caring for our sick. There are 57 police officers who are still on the streets of Minneapolis tonight because this plan prevented the layoffs their department was about to make. Because of this plan, 95% of the working households in America will receive a tax cut a tax cut that you will see in your paychecks beginning on April 1st. Because of this plan, families who are struggling to pay tuition costs will receive a $2,500 tax credit for all four years of college. And Americans who have lost their jobs in this recession will be able to receive extended unemployment benefits and continued health care coverage to help them weather this storm. I know there are some in this chamber and watching at home who are skeptical of whether this plan will work. I understand that skepticism. Here in Washington, we’ve all seen how quickly good intentions can turn into broken promises and wasteful spending. And with a plan of this scale comes enormous responsibility to get it right. That is why I have asked Vice President Biden to lead a tough, unprecedented oversight effort – because nobody messes with Joe. I have told each member of my Cabinet as well as mayors and governors across the country that they will be held accountable by me and the American people for every dollar they spend. I have appointed a proven and aggressive Inspector General to ferret out any and all cases of waste and fraud. And we have created a new website called recovery.gov so that every American can find out how and where their money is being spent. So the recovery plan we passed is the first step in getting our economy back on track. But it is just the first step. Because even if we manage this plan flawlessly, there will be no real recovery unless we clean up the credit crisis that has severely weakened our financial system. I want to speak plainly and candidly about this issue tonight, because every American should know that it directly affects you and your family’s well-being. You should also know that the money you’ve deposited in banks across the country is safe; your insurance is secure; and you can rely on the continued operation of our financial system. That is not the source of concern. The concern is that if we do not re-start lending in this country, our recovery will be choked off before it even begins. You see, the flow of credit is the lifeblood of our economy. The ability to get a loan is how you finance the purchase of everything from a home to a car to a college education; how stores stock their shelves, farms buy equipment, and businesses make payroll. But credit has stopped flowing the way it should. Too many bad loans from the housing crisis have made their way onto the books of too many banks. With so much debt and so little confidence, these banks are now fearful of lending out any more money to households, to businesses, or to each other. When there is no lending, families can’t afford to buy homes or cars. So businesses are forced to make layoffs. Our economy suffers even more, and credit dries up even further. That is why this administration is moving swiftly and aggressively to break this destructive cycle, restore confidence, and re-start lending. We will do so in several ways. First, we are creating a new lending fund that represents the largest effort ever to help provide auto loans, college loans, and small business loans to the consumers and entrepreneurs who keep this economy running. Second, we have launched a housing plan that will help responsible families facing the threat of foreclosure lower their monthly payments and re-finance their mortgages. It’s a plan that won’t help speculators or that neighbor down the street who bought a house he could never hope to afford, but it will help millions of Americans who are struggling with declining home values – Americans who will now be able to take advantage of the lower interest rates that this plan has already helped bring about. In fact, the average family who re-finances today can save nearly $2000 per year on their mortgage. Third, we will act with the full force of the federal government to ensure that the major banks that Americans depend on have enough confidence and enough money to lend even in more difficult times. And when we learn that a major bank has serious problems, we will hold accountable those responsible, force the necessary adjustments, provide the support to clean up their balance sheets, and assure the continuity of a strong, viable institution that can serve our people and our economy. I understand that on any given day, Wall Street may be more comforted by an approach that gives banks bailouts with no strings attached, and that holds nobody accountable for their reckless decisions. But such an approach won’t solve the problem. And our goal is to quicken the day when we re-start lending to the American people and American business and end this crisis once and for all. I intend to hold these banks fully accountable for the assistance they receive, and this time, they will have to clearly demonstrate how taxpayer dollars result in more lending for the American taxpayer. This time, CEOs won’t be able to use taxpayer money to pad their paychecks or buy fancy drapes or disappear on a private jet. Those days are over. Still, this plan will require significant resources from the federal government – and yes, probably more than we’ve already set aside. But while the cost of action will be great, I can assure you that the cost of inaction will be far greater, for it could result in an economy that sputters along for not months or years, but perhaps a decade. That would be worse for our deficit, worse for business, worse for you, and worse for the next generation. And I refuse to let that happen. I understand that when the last administration asked this Congress to provide assistance for struggling banks, Democrats and Republicans alike were infuriated by the mismanagement and results that followed. So were the American taxpayers. So was I. So I know how unpopular it is to be seen as helping banks right now, especially when everyone is suffering in part from their bad decisions. I promise you – I get it. But I also know that in a time of crisis, we cannot afford to govern out of anger, or yield to the politics of the moment. My job – our job – is to solve the problem. Our job is to govern with a sense of responsibility. I will not spend a single penny for the purpose of rewarding a single Wall Street executive, but I will do whatever it takes to help the small business that can’t pay its workers or the family that has saved and still can’t get a mortgage. That’s what this is about. It’s not about helping banks – it’s about helping people. Because when credit is available again, that young family can finally buy a new home. And then some company will hire workers to build it. And then those workers will have money to spend, and if they can get a loan too, maybe they’ll finally buy that car, or open their own business. Investors will return to the market, and American families will see their retirement secured once more. Slowly, but surely, confidence will return, and our economy will recover. So I ask this Congress to join me in doing whatever proves necessary. Because we cannot consign our nation to an open-ended recession. And to ensure that a crisis of this magnitude never happens again, I ask Congress to move quickly on legislation that will finally reform our outdated regulatory system. It is time to put in place tough, new common-sense rules of the road so that our financial market rewards drive and innovation, and punishes short-cuts and abuse. The recovery plan and the financial stability plan are the immediate steps we’re taking to revive our economy in the short-term. But the only way to fully restore America’s economic strength is to make the long-term investments that will lead to new jobs, new industries, and a renewed ability to compete with the rest of the world. The only way this century will be another American century is if we confront at last the price of our dependence on oil and the high cost of health care; the schools that aren’t preparing our children and the mountain of debt they stand to inherit. That is our responsibility. In the next few days, I will submit a budget to Congress. So often, we have come to view these documents as simply numbers on a page or laundry lists of programs. I see this document differently. I see it as a vision for America – as a blueprint for our future. My budget does not attempt to solve every problem or address every issue. It reflects the stark reality of what we’ve inherited – a trillion dollar deficit, a financial crisis, and a costly recession. Given these realities, everyone in this chamber – Democrats and Republicans – will have to sacrifice some worthy priorities for which there are no dollars. And that includes me. But that does not mean we can afford to ignore our long-term challenges. I reject the view that says our problems will simply take care of themselves; that says government has no role in laying the foundation for our common prosperity. For history tells a different story. History reminds us that at every moment of economic upheaval and transformation, this nation has responded with bold action and big ideas. In the midst of civil war, we laid railroad tracks from one coast to another that spurred commerce and industry. From the turmoil of the Industrial Revolution came a system of public high schools that prepared our citizens for a new age. In the wake of war and depression, the GI Bill sent a generation to college and created the largest middle-class in history. And a twilight struggle for freedom led to a nation of highways, an American on the moon, and an explosion of technology that still shapes our world. In each case, government didn’t supplant private enterprise; it catalyzed private enterprise. It created the conditions for thousands of entrepreneurs and new businesses to adapt and to thrive. We are a nation that has seen promise amid peril, and claimed opportunity from ordeal. Now we must be that nation again. That is why, even as it cuts back on the programs we don’t need, the budget I submit will invest in the three areas that are absolutely critical to our economic future: energy, health care, and education. It begins with energy. We know the country that harnesses the power of clean, renewable energy will lead the 21st century. And yet, it is China that has launched the largest effort in history to make their economy energy efficient. We invented solar technology, but we’ve fallen behind countries like Germany and Japan in producing it. New plug-in hybrids roll off our assembly lines, but they will run on batteries made in Korea. Well I do not accept a future where the jobs and industries of tomorrow take root beyond our borders – and I know you don’t either. It is time for America to lead again. Thanks to our recovery plan, we will double this nation’s supply of renewable energy in the next three years. We have also made the largest investment in basic research funding in American history – an investment that will spur not only new discoveries in energy, but breakthroughs in medicine, science, and technology. We will soon lay down thousands of miles of power lines that can carry new energy to cities and towns across this country. And we will put Americans to work making our homes and buildings more efficient so that we can save billions of dollars on our energy bills. But to truly transform our economy, protect our security, and save our planet from the ravages of climate change, we need to ultimately make clean, renewable energy the profitable kind of energy. So I ask this Congress to send me legislation that places a market-based cap on carbon pollution and drives the production of more renewable energy in America. And to support that innovation, we will invest fifteen billion dollars a year to develop technologies like wind power and solar power; advanced biofuels, clean coal, and more fuel-efficient cars and trucks built right here in America. As for our auto industry, everyone recognizes that years of bad decision-making and a global recession have pushed our automakers to the brink. We should not, and will not, protect them from their own bad practices. But we are committed to the goal of a re-tooled, re-imagined auto industry that can compete and win. Millions of jobs depend on it. Scores of communities depend on it. And I believe the nation that invented the automobile cannot walk away from it. None of this will come without cost, nor will it be easy. But this is America. We don’t do what’s easy. We do what is necessary to move this country forward. For that same reason, we must also address the crushing cost of health care. This is a cost that now causes a bankruptcy in America every thirty seconds. By the end of the year, it could cause 1.5 million Americans to lose their homes. In the last eight years, premiums have grown four times faster than wages. And in each of these years, one million more Americans have lost their health insurance. It is one of the major reasons why small businesses close their doors and corporations ship jobs overseas. And it’s one of the largest and fastest-growing parts of our budget. Given these facts, we can no longer afford to put health care reform on hold. Already, we have done more to advance the cause of health care reform in the last thirty days than we have in the last decade. When it was days old, this Congress passed a law to provide and protect health insurance for eleven million American children whose parents work full-time. Our recovery plan will invest in electronic health records and new technology that will reduce errors, bring down costs, ensure privacy, and save lives. It will launch a new effort to conquer a disease that has touched the life of nearly every American by seeking a cure for cancer in our time. And it makes the largest investment ever in preventive care, because that is one of the best ways to keep our people healthy and our costs under control. This budget builds on these reforms. It includes an historic commitment to comprehensive health care reform – a down-payment on the principle that we must have quality, affordable health care for every American. It’s a commitment that’s paid for in part by efficiencies in our system that are long overdue. And it’s a step we must take if we hope to bring down our deficit in the years to come. Now, there will be many different opinions and ideas about how to achieve reform, and that is why I’m bringing together businesses and workers, doctors and health care providers, Democrats and Republicans to begin work on this issue next week. I suffer no illusions that this will be an easy process. It will be hard. But I also know that nearly a century after Teddy Roosevelt first called for reform, the cost of our health care has weighed down our economy and the conscience of our nation long enough. So let there be no doubt: health care reform cannot wait, it must not wait, and it will not wait another year. The third challenge we must address is the urgent need to expand the promise of education in America. In a global economy where the most valuable skill you can sell is your knowledge, a good education is no longer just a pathway to opportunity – it is a pre-requisite. Right now, three-quarters of the fastest-growing occupations require more than a high school diploma. And yet, just over half of our citizens have that level of education. We have one of the highest high school dropout rates of any industrialized nation. And half of the students who begin college never finish. This is a prescription for economic decline, because we know the countries that out-teach us today will out-compete us tomorrow. That is why it will be the goal of this administration to ensure that every child has access to a complete and competitive education – from the day they are born to the day they begin a career. Already, we have made an historic investment in education through the economic recovery plan. We have dramatically expanded early childhood education and will continue to improve its quality, because we know that the most formative learning comes in those first years of life. We have made college affordable for nearly seven million more students. And we have provided the resources necessary to prevent painful cuts and teacher layoffs that would set back our children’s progress. But we know that our schools don’t just need more resources. They need more reform. That is why this budget creates new incentives for teacher performance; pathways for advancement, and rewards for success. We’ll invest in innovative programs that are already helping schools meet high standards and close achievement gaps. And we will expand our commitment to charter schools. It is our responsibility as lawmakers and educators to make this system work. But it is the responsibility of every citizen to participate in it. And so tonight, I ask every American to commit to at least one year or more of higher education or career training. This can be community college or a four-year school; vocational training or an apprenticeship. But whatever the training may be, every American will need to get more than a high school diploma. And dropping out of high school is no longer an option. It’s not just quitting on yourself, it’s quitting on your country – and this country needs and values the talents of every American. That is why we will provide the support necessary for you to complete college and meet a new goal: by 2020, America will once again have the highest proportion of college graduates in the world. I know that the price of tuition is higher than ever, which is why if you are willing to volunteer in your neighborhood or give back to your community or serve your country, we will make sure that you can afford a higher education. And to encourage a renewed spirit of national service for this and future generations, I ask this Congress to send me the bipartisan legislation that bears the name of Senator Orrin Hatch as well as an American who has never stopped asking what he can do for his country – Senator Edward Kennedy. These education policies will open the doors of opportunity for our children. But it is up to us to ensure they walk through them. In the end, there is no program or policy that can substitute for a mother or father who will attend those parent/teacher conferences, or help with homework after dinner, or turn off the TV, put away the video games, and read to their child. I speak to you not just as a President, but as a father when I say that responsibility for our childrens education must begin at home. There is, of course, another responsibility we have to our children. And that is the responsibility to ensure that we do not pass on to them a debt they cannot pay. With the deficit we inherited, the cost of the crisis we face, and the long-term challenges we must meet, it has never been more important to ensure that as our economy recovers, we do what it takes to bring this deficit down. I’m proud that we passed the recovery plan free of earmarks, and I want to pass a budget next year that ensures that each dollar we spend reflects only our most important national priorities. Yesterday, I held a fiscal summit where I pledged to cut the deficit in half by the end of my first term in office. My administration has also begun to go line by line through the federal budget in order to eliminate wasteful and ineffective programs. As you can imagine, this is a process that will take some time. But we’re starting with the biggest lines. We have already identified two trillion dollars in savings over the next decade. In this budget, we will end education programs that don’t work and end direct payments to large agribusinesses that don’t need them. We’ll eliminate the no-bid contracts that have wasted billions in Iraq, and reform our defense budget so that we’re not paying for Cold War-era weapons systems we don’t use. We will root out the waste, fraud, and abuse in our Medicare program that doesn’t make our seniors any healthier, and we will restore a sense of fairness and balance to our tax code by finally ending the tax breaks for corporations that ship our jobs overseas. In order to save our children from a future of debt, we will also end the tax breaks for the wealthiest 2% of Americans. But let me perfectly clear, because I know you’ll hear the same old claims that rolling back these tax breaks means a massive tax increase on the American people: if your family earns less than $250,000 a year, you will not see your taxes increased a single dime. I repeat: not one single dime. In fact, the recovery plan provides a tax cut – that’s right, a tax cut – for 95% of working families. And these checks are on the way. To preserve our long-term fiscal health, we must also address the growing costs in Medicare and Social Security. Comprehensive health care reform is the best way to strengthen Medicare for years to come. And we must also begin a conversation on how to do the same for Social Security, while creating tax-free universal savings accounts for all Americans. Finally, because we’re also suffering from a deficit of trust, I am committed to restoring a sense of honesty and accountability to our budget. That is why this budget looks ahead ten years and accounts for spending that was left out under the old rules – and for the first time, that includes the full cost of fighting in Iraq and Afghanistan. For seven years, we have been a nation at war. No longer will we hide its price. We are now carefully reviewing our policies in both wars, and I will soon announce a way forward in Iraq that leaves Iraq to its people and responsibly ends this war. And with our friends and allies, we will forge a new and comprehensive strategy for Afghanistan and Pakistan to defeat al Qaeda and combat extremism. Because I will not allow terrorists to plot against the American people from safe havens half a world away. As we meet here tonight, our men and women in uniform stand watch abroad and more are readying to deploy. To each and every one of them, and to the families who bear the quiet burden of their absence, Americans are united in sending one message: we honor your service, we are inspired by your sacrifice, and you have our unyielding support. To relieve the strain on our forces, my budget increases the number of our soldiers and Marines. And to keep our sacred trust with those who serve, we will raise their pay, and give our veterans the expanded health care and benefits that they have earned. To overcome extremism, we must also be vigilant in upholding the values our troops defend – because there is no force in the world more powerful than the example of America. That is why I have ordered the closing of the detention center at Guantanamo Bay, and will seek swift and certain justice for captured terrorists – because living our values doesn’t make us weaker, it makes us safer and it makes us stronger. And that is why I can stand here tonight and say without exception or equivocation that the United States of America does not torture. In words and deeds, we are showing the world that a new era of engagement has begun. For we know that America cannot meet the threats of this century alone, but the world cannot meet them without America. We cannot shun the negotiating table, nor ignore the foes or forces that could do us harm. We are instead called to move forward with the sense of confidence and candor that serious times demand. To seek progress toward a secure and lasting peace between Israel and her neighbors, we have appointed an envoy to sustain our effort. To meet the challenges of the 21st century – from terrorism to nuclear proliferation; from pandemic disease to cyber threats to crushing poverty – we will strengthen old alliances, forge new ones, and use all elements of our national power. And to respond to an economic crisis that is global in scope, we are working with the nations of the G-20 to restore confidence in our financial system, avoid the possibility of escalating protectionism, and spur demand for American goods in markets across the globe. For the world depends on us to have a strong economy, just as our economy depends on the strength of the world’s. As we stand at this crossroads of history, the eyes of all people in all nations are once again upon us – watching to see what we do with this moment; waiting for us to lead. Those of us gathered here tonight have been called to govern in extraordinary times. It is a tremendous burden, but also a great privilege – one that has been entrusted to few generations of Americans. For in our hands lies the ability to shape our world for good or for ill. I know that it is easy to lose sight of this truth – to become cynical and doubtful; consumed with the petty and the trivial. But in my life, I have also learned that hope is found in unlikely places; that inspiration often comes not from those with the most power or celebrity, but from the dreams and aspirations of Americans who are anything but ordinary. I think about Leonard Abess, the bank president from Miami who reportedly cashed out of his company, took a $60 million bonus, and gave it out to all 399 people who worked for him, plus another 72 who used to work for him. He didn’t tell anyone, but when the local newspaper found out, he simply said, I knew some of these people since I was 7 years old. I didnt feel right getting the money myself. I think about Greensburg, Kansas, a town that was completely destroyed by a tornado, but is being rebuilt by its residents as a global example of how clean energy can power an entire community – how it can bring jobs and businesses to a place where piles of bricks and rubble once lay. The tragedy was terrible, said one of the men who helped them rebuild. But the folks here know that it also provided an incredible opportunity. And I think about Ty’Sheoma Bethea, the young girl from that school I visited in Dillon, South Carolina – a place where the ceilings leak, the paint peels off the walls, and they have to stop teaching six times a day because the train barrels by their classroom. She has been told that her school is hopeless, but the other day after class she went to the public library and typed up a letter to the people sitting in this room. She even asked her principal for the money to buy a stamp. The letter asks us for help, and says, We are just students trying to become lawyers, doctors, congressmen like yourself and one day president, so we can make a change to not just the state of South Carolina but also the world. We are not quitters. We are not quitters. These words and these stories tell us something about the spirit of the people who sent us here. They tell us that even in the most trying times, amid the most difficult circumstances, there is a generosity, a resilience, a decency, and a determination that perseveres; a willingness to take responsibility for our future and for posterity. Their resolve must be our inspiration. Their concerns must be our cause. And we must show them and all our people that we are equal to the task before us. I know that we haven’t agreed on every issue thus far, and there are surely times in the future when we will part ways. But I also know that every American who is sitting here tonight loves this country and wants it to succeed. That must be the starting point for every debate we have in the coming months, and where we return after those debates are done. That is the foundation on which the American people expect us to build common ground. And if we do – if we come together and lift this nation from the depths of this crisis; if we put our people back to work and restart the engine of our prosperity; if we confront without fear the challenges of our time and summon that enduring spirit of an America that does not quit, then someday years from now our children can tell their children that this was the time when we performed, in the words that are carved into this very chamber, something worthy to be remembered. Thank you, God Bless you, and may God Bless the United States of America. Source: WhiteHouse.gov