Foreign Policy in the Nixon Presidency Essay - 2750 Words

Foreign Policy in the Nixon Presidency Julie Pitz Dr. Laresh Jayasanker History 3660 November 15, 2012 Richard Nixon is one of the most controversial figures in American history. His presidency is remembered most for the Watergate scandal and his subsequent resignation but some of his foreign policies forever altered American foreign diplomacy. One of the major policies that President Nixon was responsible for was changing the nature of the United States relationship with China. He did this by setting into motion covert diplomatic actions and cultural exchanges between the two countries. Nixon’s reasons for improving relationships with the Communist regime was to force the Soviet Union to be more accommodating to American demands†¦show more content†¦This required the United States to have to change strategies in dealing with the Soviet Union. They now had to shift their focus to gaining China as an ally. The State Department in the summer of 1969 began to announce various unilateral gestures of reconciliation. Many restrictions on travel and trade were lifted. This would become know as â€Å"Ping Pong† diplomacy. It was so named after the United States ping-pong team was invited to the Chinese capital in April of 1971. During their visit the group was treated as though they were dignitaries or royalty. They played matches against the Chinese team but also visited important landmarks through out China. The American delegation was accompanied by members of the press and was closely watched by the American public. At a banquet for the visiting Americans, Chou En-Lai, the Chinese Premier told the group, â€Å"Exchanges between our two countries have been cut off for a long time but now, with your acceptance of our invitation, you have opened a new page in the relations of the Chinese and American people.† While the American ping-pong players were the talk of the media, behind the scenes Nixon was putting into action his plan to improve relations with China. He did this by employing his National Security Advisor, Henry Kissinger, to make covert communications with the Chinese government. Before the Ping-Pong players had ever set foot in China and at the beginning of his presidency Nixon had Kissinger prepare a study on theShow MoreRelatedLet s Talk Dick, By Richard M. Nixon Essay1610 Words   |  7 Pagestalk Dick. â€Å"Tricky Dick†, â€Å"Slick Rick†, Richard M. Nixon our 37th President. Born on January 9th, 1913, in California. He was a graduate of Duke University Law School. After serving in the Navy during WWII, Nixon was elected to congress. Soon after he won a seat on the Senate in 1950 and went on to become Vice President in the Eisenhower Administration. During his Vice presidency, he focused on foreign policy and later on a trip to Moscow, Nixon had an impromptu Debate with General Secretary KhrushchevRead MoreRichard Nixon: Was He Truly Conservative? Essays1083 Words   |  5 PagesRichard Nixon was elected as a conservative. He promised themes of â€Å"law and order† (Lecture 24, November 14), pandered to what he called the â€Å"silent majority† (Silent Majority Speech, 1969) and promised to end the unpopular Vietnam War, a product itself of liberal policies and ideals. He offered a sharp contrast in rhetoric between the soaring â€Å"we can do it all† language perpetuated by Kennedy and Johnson (Lecture 25, November 19). But how truly conservative was â€Å"Tricky Dick’s† presidency? 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He demonstrated that he had greater ability to reinvent himself than any other modern politician. More than any other figure between the death of Franklin D. RooseveltRead MoreGerald Ford s President Of The United States943 Words   |  4 Pagesmade society a better place, and then there were some who did not live up to their greatest opportunities. Gerald R. Ford was the 38th President of the United States of America and was considered below average in all aspects of his presidency including relations with foreign affairs, the economy and social/political cases in our country. In fact, according to scores based on Fields of History, Law and Politics, he was ranked as below average. This proves that he was not worthy compared to the levelsRead MoreBushs Views On Obamas Presidency1664 Words   |  7 PagesWhile there are areas of Bush’s Presidency that have been subject to criticism, an aspect which remains respected to this day is his free trade record. 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Social Media Influence On Political Participation Essay

In the twenty first century, media is essentially everywhere and takes on various forms such as television networks, radio, newspapers, and most recently social networking sites (twitter, facebook, etc.) In today’s times, it is highly unlikely to see candidates or nearly anything political not being covered by at least one of the primary media outlets. With the diffusion of social network sites, such as Facebook and MySpace, social media have become one of the most popular Internet services in the world. With the rise in popularity of social media, does social media influence political participation? Do these Internet services provide information to the public and allow them to become more informed, find common causes and participate more often in political affairs? Do they in fact do the opposite, and distract the public away from political and public affairs and cause more distrust and disengagement in politics? I hypothesize that social media does influence political participation and in a positive manner. I also hypothesize that online social networks influence real-world behavior as well as the perceptions and opinions of particular candidates in that personal communication on social networks influence the mass communication of individual voters, reinforcing or diminishing the impact of media information. These social networking sites give the mass media and candidates the ability to reach an immense number of people, meaning that even small effects could yieldShow MoreRelatedHow Social Media Has Impacted Politics Essay1738 Words   |  7 PagesIntroduction and Background Social media has become a major part of communication today. It has changed the way people find each other, share interest and ideas, not to mention how it has changed how companies advertise and communicate with their customers. Based on this year alone, social media has impacted politics in a major way. 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Social Responsibility In Banking Industry -Myassignmenthelp.Com

Question: Discuss About The Social Responsibility In Banking Industry? Answer: Introduction One of the primary dominating economies in the global scenario, with significantly impressive growth in the almost all the economic indicators over the years, is the economy of Australia. In the last few decades, the Australian economy has been characterized by strong growth trends in GDP, more or less stable price levels with moderate fluctuations, expansion of employment scopes and a comparative high standard of living of the residents in general. The country has been prospering in terms of the commercial and trade aspects, which in turn is attracting investments and business from all parts of the world (Pecotich and Shultz 2016). The most significant contributor to the economic growth of the country, over the last few decades, is the impressive growth of the industrial and commercial sector of the country. The overall efficient corporate environment, productive and skilled workforce and other positive aspects of the country has facilitated the rapid development of the industrial sector of the country, which has gained significant international attention due to their robust growth trends (Wu and Shen 2013). There are several industries in Australia, whose growth of productivity; profitability and domain of operations have been significantly noticeable and higher than their counterparts in other economies have. One of such dominant industries in the country, which has not only developed immensely over time, but has also contributed significantly in shaping up the Australian economy as a whole is the banking and financial industry of the country (Prez, Martnez and Del Bosque 2013). The banking sector of Australia has developed over time, to be one of the most stably growing industries in the country and has also facilitated the commercial activities in the country extensively. The banks deal with both the domestic as well as international monetary dynamics of the country and their efficiency and credibility attracts huge investments from all the corners of the world, in the business sectors of the country. However, in spite of their exemplary growth over the years, the banking sector of Australia, in the last decade, has been facing several critical issues in its operational framework and has been losing out its credibility as well as clientele (both domestic as well as international) due to severe misconducts and breach of corporate ethics in their operations. The extent of these problems, being increasing alarmingly, and the government of the country has proposed the establishment of a Royal Commission, for investigating into the banking misconduct issues, is sues of unethical usages of superannuation funds and other breaching aspects, which have been plaguing the financial sector of the country (NewsComAu, 2018). The essay, taking into consideration the banking sector issues in concern, tries to discuss the needs for the establishment of the Royal Commission in the banking sector of the country. It also tries to discuss the scopes of this Commission, the difference of the same from the previously conducted inquiries and the responsibilities, which the Commission is expected to be bestowed with. In the last section of the essay, the probable limitations of such a Commission are discussed with the possible recommendations for the eradication of the same. Australian Banking and Financial Industry As discussed above, over the last few decades, the banking industry of Australia has been developing efficiently and expanding its domain of operations not only in all parts of the country but also in international economic framework. It is important to discuss in brief the working and features of this industry, for understanding the causes of the negative occurrences in the recent period and their implications, which has led to the proposal of establishment of the Commission (Abbott and Wang 2013). The banking and financial sector of Australia, has been primarily characterized by a competitive, competent and efficient corporate sector, which operates in a hugely productive and profitable environment with consistently increasing demand in the industry. The banking sector has a bilateral relation with the industrial expansion of the country as the former affects and also gets affected by the dynamics in the latter (Moradi-Motlagh, Valadkhani and Saleh 2015). The banking sector of the country has remained as one of the primary stimulus to the economic growth of the country, as can be seen from its considerably high contribution to the GDP of the same. As is evident from the above figure, the financial sector forms one of the primary sectors contributing nearly 9.3% to the real cross value-added of the country, which makes it the largest single sector contributing to the same. The banking and financial sector of the country contributes around 140 billion dollars annually to the GDP of the country (Stewart, Robertson and Heath 2013). Apart from its robust contribution in the GDP of the country, the banking sector of the country has also experienced increase in the employment over the years. There has been a 41% increase in the employment in the banking sector of the country in the recent period and the sector not employs around 450,000 people, thereby contributing significantly to the economic growth of the country. Recent dynamics in the banking and financial sector The increasing industrial and commercial growth of the country in the recent periods, has led to a significant increase in the demand for the services of the financial sector of the country. This is primarily attributed to the fact that over the years, due to the increasing prospects, the industrial sector of the country has been attracting considerable investments from all parts of the globe, which has increased the activities in the banking and financial sector of the country (Allen and Powell 2012). This can be seen from the following figure: Thus, from the above discussion and empirical evidences, it can be asserted that the banking sector of the country has considerable potential of expanding even more in future, with the rising share of global clientele as well as with the increase in the demand for eh banking sector activities. Oligopolistic Market Structure: Root of the problems The market structure of the banking industry, however, in spite of the presence of many supply-side players, predominantly shows the traits of an oligopolistic market. This is because of the presence of four big players in this sector, which includes the Westpac Corporation, the Commonwealth Bank, the National Australia Bank and the New Zealand Banking Group (Tyers 2015). These Big Four in the banking sector captures nearly four fifth of the total market share in the country, which can be seen from the following figure: The presence of this oligopolistic trend in the market, gives rise to highly skewed distribution of power in the market, with these four banks enjoying immense influence on the market and thereby creating huge barriers and competitions for any other firm existing or trying to enter the market. Much of the clientele of the country are also captured by these banks, who over the last few years have earned outstanding profit over the years. However, these immense oligopolistic powers of the banks have also led to several issues of severe concern in the financial sector of the country, which has led to immense loss of credibility and prospects by the banking and financial industry, thereby decreasing the overall welfare of the economy and leading to the proposal of establishment of the Royal Commission. Problems in the banking sector leading to the proposal of Royal Commission The uneven distribution of power and market influence in the banking and financial sector of the country, along with the increasing prevalence of different lobbies and politically backed interest groups in the country, has led to the creation of several crippling problems in the financial sector of the country. These are in turn causing immense harm to the credibility as well as profitability of this sector, thereby leading to long term damages in the economy of the country, in terms of loss of welfare of the people who are directly or are indirectly related to the banking sector of the country (Shamsuddin and Xiang 2012). In the recent period, one of the problems, which have been plaguing the banking sector of the country, is the series of scandals, which have allegedly occurred, primarily in the big four banks of the country, especially the Commonwealth Bank of the country. The Commonwealth Bank of the country, being one of the largest lenders in the country, has experienced immense increase in the share of profitability and clientele in the country as well as in the international financial scenario. In the recent period, however, the Bank has been accused of serious money laundering activities and breach in the corporate norms for multiple times (Abc.net.au, 2018). The problem however, does not remain constricted to the Commonwealth Bank only as all the other major players in this sector have been criticized for indulging in unethical malpractices. With the help of the unfair usage of lobby powers and biased political support and for the purpose of benefit maximization of the targeted interest group, the major players of the financial and banking sector of the country have increasingly participated in highly unethical practices. They have been increasingly working towards the objective of personal profit optimization, even at the cost of the loss of welfare of their clients as well as the economy as a whole, which has given the market an image of an exploitative and anti-consumer, pro-supplier type of market. The misconducts in the contemporary banking sector of the country primarily consists of malpractices like money laundering, rigging, providing misleading financial suggestions to the customers and indulging in forgery of information and fact distorting scandals for the sole incentive of welfare maximization of the welfare groups (INQUIRY 2016). The institutions in the banking sector, apart from serious money laundering, have also engaged in forging the signatures of their clients, which is one of the serious forms of corporate misconducts on part of the companies. Using these, the banks have opened large numbers of unauthorized investment accounts in the name of their clients, without their permission. This illegal and unethical way of operations was implemented by the accused banks, primarily to paint a false picture of increased credibility and potentiality in the global financial framework and attain higher share of global clientele, thereby increasing their business through unfair competitions. These companies have also misguided the customers hugely with their investment decisions, which led to loss of millions of dollars, thereby gaining immense negative feedbacks for the company (Batrouney 2016). The unrest reached its pinnacle with the collapse of the WestPoint property developers, who went bankrupt falling prey to the corruptions in the banking sector. The loss was as high as $388 million and affected the welfare of nearly 4,300 investors. This, along with the overall negative implications in the financial sector led to immense loss of welfare of the clientele, thereby increasing the unrest and decreasing In spite of several earlier inquiries, there has not been any such reform in the conditions of the contemporary banking sector of the country, which in its turn led to the need for implementation of an enabled, unbiased and capable investigating body especially for these issues, which in turn led to the proposal of establishment of the Royal Commission. Scope of the Royal Commission Royal Commissions, in general, refer to the ad-hoc formal inquiry, which are established by the governments of the countries for the purpose of investigating several issues of concern, prevailing in the economy. On 30 November 2017, the government of Australia proposed the establishment of a commission to investigate the alleged misconducts in the banking industry of the country. Among the scopes of the commission, the primary one is of investigating the nature, magnitude and gravity of the corporate misconducts and the causal factors behind such misconducts (Maine 2016). The commission is also expected to be bestowed with the job of investigating the loopholes and inefficiencies, which are currently existing in the legal and regulatory frameworks of the country, taking advantage of which the companies have indulged in such activities. The Commission is expected to not only investigate the issues prevailing in the banking sector and the presence of lobbies and vested interest groups in the industry but also to find out the impact of these serious corporate misconducts on the demand side players of this sector. This is of immense importance to address the issues of loss of clients trusts and the consequent drain of wealth from the economy. The Commission is also required to frame reports and prescribe recommendations, which can be feasibly undertaken by the government of the country, for combating these issues of misconduct and malpractices of the major banking institutions in the economy of Australia, thereby bringing back credibility and prosperity to the financial sector again (Bbc.com 2018). Superiority of the Commission The proposed Commission is different from the already implemented inquiries in the sense that, unlike the latter it is specifically expected to operate in the domain of misconduct of the financial sector of the country. The Commission is expected to conduct an inquiry which is broad and far sighted than the previous ones, with the purpose of solving the problems in depth and working towards developing a sustained and working regulatory and vigilance framework for the banking and financial sector of the country. For this purpose, the Commission is also expected to be empowered to compel the witnesses to be cooperating in providing relevant documents (Jacobs 2018). Challenges anticipated In establishing the Commission, several hurdles can be faced by the government of the country. Firstly, the operative framework being already congested with regulations and inquiries, another inquiry might just add to the confusion in the industry, without creating any noticeable reforms. The roles of the Commission, on the other hand, has not been clearly demarcated yet, which may create confusions regarding the areas where it should intervene and investigate and what falls out of its jurisdiction (Theconversation.com, 2018). Biasness can also be another potential problem for the working of the Commission, given that the lobbies and political interest groups already existing are highly powerful. There is huge skepticism regarding the efficiency and future achievements of the Royal Commission, which has been proposed. Conclusion The banking sector of Australia, in spite of being one of the most developed and self sustaining industries of the country, has been plagued with several crippling issues of immense concern, much of which can be attributed to the misconducts of the major banking institutions of the country and an inefficient and biased governing framework of the country. In this context, several inquiries have already been launched. However, they did not work efficiently enough to eradicate the problems in the financial sector. This gives rise to the need for the establishment of the Royal Commission in this aspect. However, the success of the proposed Commission is dependent on the implementation of the same, the job roles assigned to the Commission and the presence of an unbiased corporate environment in the organization itself. References Abbott, M., Wu, S. and Wang, W.C., 2013. The productivity and performance of Australias major banks since deregulation.Journal of economics and finance,37(1), pp.122-135. Abc.net.au (2018).Will CBA senior management at last be held to account?. [online] ABC News. Available at: https://www.abc.net.au/news/2017-08-03/commonwealth-bank-latest-scandal-might-be-the-one-that-hurts/8772390 [Accessed 20 Jan. 2018]. Allen, D.E. and Powell, R., 2012. The fluctuating default risk of Australian banks.Australian Journal of Management,37(2), pp.297-325. Australia.gov.au (2018).Statistics | australia.gov.au. [online] Australia.gov.au. Available at: https://www.australia.gov.au/about-australia/facts-and-figures/statistics [Accessed 20 Jan. 2018]. Batrouney, E., 2016. Are the legal risks faced by company directors in Australia intolerable?.Victorian Bar News, (159), p.68. Bbc.com (2018).Australia to hold major inquiry into banks. [online] BBC News. Available at: https://www.bbc.com/news/world-australia-42175463 [Accessed 20 Jan. 2018]. Industry.gov.au (2018).Office-of-the-Chief-Economist/. [online] Industry.gov.au. Available at: https://www.industry.gov.au/Office-of-the-Chief-Economist/Publications/Documents/AIR2015.pdf [Accessed 20 Jan. 2018]. INQUIRY, A.P., 2016. Bank scandals cry out for a royal commission.LAMP, p.23. Jacobs, S. (2018).Shares in the big 4 banks got crushed today. [online] Business Insider Australia. Available at: https://www.businessinsider.com.au/the-asx-is-tanking-as-banks-and-miners-are-hammered-2017-5 [Accessed 20 Jan. 2018]. Maine, B., 2016. The relentless pursuit of bank profits.Green Left Weekly, (1120), p.2. Moradi-Motlagh, A., Saleh, A.S., Abdekhodaee, A. and Ektesabi, M., 2012. Performance and stock return in Australian banking.Journal of Modern Accounting and Auditing,8(5), p.616. Moradi-Motlagh, A., Valadkhani, A. and Saleh, A.S., 2015. Rising efficiency and cost saving in Australian banks: A bootstrap approach.Applied Economics Letters,22(3), pp.189-194. NewsComAu (2018).The banking royal commission could shake our economy to its core. [online] NewsComAu. Available at: https://www.news.com.au/finance/business/banking/we-need-the-banking-royal-commission-but-it-could-hurt/news-story/4d05c56d20ed4bf98b6103a519184ead [Accessed 20 Jan. 2018]. Pecotich, A. and Shultz, C.J., 2016.Handbook of Markets and Economies: East Asia, Southeast Asia, Australia, New Zealand. Routledge. Prez, A., Martnez, P. and Del Bosque, I.R., 2013. The development of a stakeholder-based scale for measuring corporate social responsibility in the banking industry.Service Business,7(3), pp.459-481. Reserve Bank of Australia (2018).Australian Bank Capital and the Regulatory Framework | Bulletin September Quarter 2010 | RBA. [online] Reserve Bank of Australia. Available at: https://www.rba.gov.au/publications/bulletin/2010/sep/6.html [Accessed 20 Jan. 2018]. Shamsuddin, A. and Xiang, D., 2012. Does bank efficiency matter? Market value relevance of bank efficiency in Australia.Applied Economics,44(27), pp.3563-3572. Stewart, C., Robertson, B. and Heath, A., 2013.Trends in the funding and lending behaviour of Australian banks. Canberra: Reserve Bank of Australia. Theconversation.com (2018).Why the big four asked for a parliamentary inquiry into banking. [online] The Conversation. Available at: https://theconversation.com/why-the-big-four-asked-for-a-parliamentary-inquiry-into-banking-88387 [Accessed 20 Jan. 2018]. Tyers, R., 2015. Service Oligopolies and Australia's Economy?Wide Performance.Australian Economic Review,48(4), pp.333-356. Wu, M.W. and Shen, C.H., 2013. Corporate social responsibility in the banking industry: Motives and financial performance.Journal of Banking Finance,37(9), pp.3529-3547.

Lord Of The Flies - The Evil In Us All Essays -

Lord of the Flies - The Evil in Us All ? ?The choir belongs to you of course.' ?They could be the army-.' ?or hunters'? ( Lord of the Flies pg. 21 ). That was Ralph's big mistake, giving Jack that power and the right to be hunters. That power led to the fall of their civilization and the take over of Jack's savage tribe. There is evil within everyone and everything, it is just a matter of whether or not you let it take control of you. That is what The Lord of the Flies , a novel by William Golding, tries to express. Through analyzing the character of Jack you can see how the savagery takes him over little by little as he develops mentally, physically, and emotionally throughout the novel.. Jack declined more than developed mentally throughout the book. ? ?I ought to be chief,' said Jack with simple arrogance, ?because I'm chapter chorister and head boy. I can sing a C sharp'? ( pg. 21 ). Jack was a normal young boy, maybe a bossy one, but still a boy. ? ?They hate you Ralph. They're going to do you. They're going to hunt you tomorrow- Jack, the chief says it's going to be dangerous, and to throw our spears like at a pig'? ( pg. 172 ). Jack was a boy who became a savage beast. The more power Jack gained over the other boys the less he cared about civilization, and the more he declined mentally. What force could cause someone to hunt a fellow man like he was an animal? As well as changing mentally Jack also changed physically. ?The creature was a party of boys, dressed in strangely eccentric clothing. Shorts, shirts, and different garments they carried in their hands; but each boy wore a square black cap with a silver badge on it. Their bodies, from throat to ankle, were hidden by black cloaks which bore a long silver cross on the left breast and each neck was finished off with a hambone frill? ( pg. 18 ). That was Jacks appearance when he first arrived on the island. Not only was he dressed, but quite fancily. ? ?They'll be painted! You know how it is.' They understood only too well the liberation into savagery that the concealing paint brought.? ( pg. 157 ). Jack had transformed into a painted naked savage. In one point of the book Ralph comments about how he can not even remember what Jack looks like. How does one go from a sophisticated English boy to being a dirty painted beast? Jacks passions changed quite drastically. He started out by wanting power, to be chief. Then his passion moved to killing a pig. Once he had killed a pig all of his attention turned to killing. He went from wanting to kill pigs to needing to kill them. ?Jack was on top of the sow, stabbing downward with his knife.-Then Jack found the throat and the hot blood spouted over his hands. The sow collapsed under them and they were heavy and fulfilled upon her.? ( pg. 123 ). That is just one example of how Jack's passions overtook him. Eventually Jack's passion went from killing pigs to killing people. He initiates the killing of Simon, is involved in the death of Piggy, and plans the death of Ralph. What could possibly drive a young boy to commit such acts? When Golding wrote the character of Jack he was representing mankind as a whole. The way Jack declined as a person is showing how people change when they are in a situation like that. Some might say that Jack was only human, and he might be. But being human comes with a lot of baggage, and you have to be able to control your emotions. That is what drove Jack to do all of those horrific things. He could not control the evil, the evil that is in us all.