Horn Point Laboratory Analysis Recommendations

Horn Point Laboratory - Analysis Recommendations Introduction Horn Point Laboratory is a part of the University of Maryland Center for Environmental Science (UMCES), a research center that is within the University System of Maryland. UMCES works to provide â€Å"sound advice to help state and national leaders manage the environment† and is a center for graduate studies. The Horn Point Laboratory, located in Cambridge, Maryland, focuses on issues such as oceanography, water quality, and the restoration of seagrasses, marshes, and shellfish, and has been a leader in the Chesapeake Bay restoration effort. In order to better understand the current fundraising program at HPL, we interviewed four people: Liz Freedlander, the development director†¦show more content†¦Freedlander expressed that she had been most successful soliciting donors from a highly educated, older, and typically retired population. HPL has one large event annually, but in general, the fundraising program relies on building intimate personal relationships with pote ntial donors. HPL has small events throughout the year at people’s homes and potential donors are sometimes invited to tour their facilities. They also utilize personal phone calls and direct mail to engage with past donors. In addition to the general fundraising program, HPL also has one campaign, called â€Å"Advancing Coastal Solutions,† which raises money for equipment needed by young scientists to perform research and fieldwork. Freedlander, the sole member of the development and fundraising team for HPL, plans on retiring in the near future. Though there is currently not a detailed transition plan for her retirement, she has said the HPL is considering hiring a development director who has experience with fundraising at the national and international as well as a staff member to continue the local donor relationships that Freedlander has fostered. HPL is planning on relying on word of mouth to connect with potential hires rather than placing an ad for the development position. This is potentially concerning, as UMCES as a whole has numerous fundraising vacancies that have yet to be filled--often because their labs are in rural areas that are not attractiveShow MoreRelatedFire Emergency Drill6543 Words   |  27 PagesINTRODUCTION 1.1 Background Fire safety is everybody’s concern. Poor fire safety practices and improper planning for fire emergency can consequently lead to critical situations. This is more threatening particularly for buildings which accommodate laboratories, chemical stores or server rooms. Observance and application of fire prevention principles can help to reduce or eliminate potential fire hazards. Moreover, much emphasis must be put on elaboration of a well designed emergency plan that definesRead MorePoultry Management System6738 Words   |  27 Pagesend of their incubation period. 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Poem Analysis Not Waving But Drowning - 1263 Words

The poem Not Waving but Drowning was published in 1957 and is one of Stevie Smith s most well-known poems. Reading the poem, some may feel a chill of desperation and a sense of longing for someone. The plot of the story is a man s journey to a place of despair ,and no matter what the man accomplishes he will eventually drown.Stevie Smith s Not waving but Drowning uses figures of speech such as imagery, and allegory. The imagery adds a visual to what the characters world is like in his eyes, The use of allegory is to get a message across to its readers without actually saying it.He is battling an obstacle that he feels can never be overcome. With all the disappointment and regrets crushing over him, he is broken . Not Waving but drowning, begins with a straightforward cry for help. A man drowning and all he is too far away to be seen or heard by his friends. What is interesting about the poem, is its use of depressing humor, and ridiculous comments about the man. In an article written by Edward J. Mallot called â€Å"Not Drowning but Waving: Stevie Smith and The language of the Lake.†, Mallot explains Stevie Smith s writing style, and technique. The article lists three different personas used in the poem. Knowing the different personas helps the reader understand what is going on. The list of personas include the audience, the man drowning and his peers which Mallot puts into detail in his article,â€Å"The drowned man trying†¦ and still failing†¦ to articulate his unhappiness,Show MoreRelatedAnalysis Of The Poem Not Waving But Drowning By Stevie Smith1193 Words   |  5 Pages Five Poem Assignment 1. â€Å"Not Waving but Drowning† by Stevie Smith has three stanzas, all of which are quatrains and are rhymed abcb . The genre is a lyric and the theme is death and isolation. In the beginning of the poem, the narrator tells us that nobody heard the drowning man or his recounting moans for help yet he continued to cry, waving his arms hoping someone would come and save him. By waving his arms the crowd believed that this was just a friendly gesture so we can interpret that atRead MoreStudy Notes on Out of the Blue by Simon Armitage3230 Words   |  13 PagesAnalysis of the poem Simon Armitages poem Out of the Blue is taken his from 2008 anthology of the same name. According to the books publishers, the poems in the anthology are presented in the form of a respone to  three separate conflicts, all of which have  changed the  world we live  in. Told from the point of view of an English trader working in the North Tower of the World Trade Centre, the poem forms part of the film Out Of The Blue  commissioned by Channel 5 and broadcast five years afterRead Morepreschool Essay46149 Words   |  185 Pagesfrom diverse linguistic or cultural communities, arts-based activities can provide a link between home and preschool. Teachers welcome children’s cultures to preschool programs when they encourage children and families to share songs, dances, poems, music, visual art, or art-related objects and practices from home. Programs serving diverse children can create positive learning opportunities, culturally relevant curricula, and a sense of community by including visual and performing arts that

A Socratic Worldview Essay Example For Students

A Socratic Worldview Essay Of the philosophers I have studied, Socrates stands out to me from all the rest. Although I would be the first to confess that I have never put forth the time nor the effort necessary to consider myself a philosopher (at least not in the sense that I imagine most would consider to be the credentials of a philosopher), my philosophy about life is most closely aligned with what I understand Socrates philosophical beliefs to be. Although there are some distinct differences in what I believe to be the ultimate meaning behind life, which I will later address, I believe his thoughts on how one should live their life to be the wisest of any philosopher we have studied. First, let me relate what I understand Socrates philosophy to be. Socrates believed that we all have a soul. He believed that we are to live our life by principles, and that these principles should be what is considered to be good. He was convinced that there were moral absolutes, a right and a wrong, his reason being that if there werent everything would just be relative. This seems most logical. Also, according to Socrates, in order to find which standards we should live by we should test these standards in real life situation to see if they are right or wrong. From what I understand, we are to live our lives according to rights and wrongs in our dealings with others, and our private life as well. And, this is all in order to be living according to the dictates of the soul, if you will, and not by the desires of the flesh. One of the most interesting ideas Socrates had, I believe, were his thoughts regarding the true philosopher. He said that the true philosopher is often misunderstood by other men, that they do not understand that his whole life is the pursuit of death. And, that when death finally comes he does not meet it with dread, but with the acceptance of understanding that the soul is finally to be unencumbered of the body and all its evils. The soul will finally meet truth away from the constraints of an imperfect body. He believed that the soul is immortal and imperishable. He believed that good souls departed to an invisible world where happiness is secured and they are free of human folly and error, and of all the problems that normally plague us. Evil souls, on the other hand will wander about in misery paying their penalty until they are reincarnated to a form fitting of their former evil ways in life. And, although I do not believe this view, I appreciate it for the thought and logic behind it. I am intrigued with the way Socrates can look beyond the physical, and make reality of the spiritual aspect while holding no allegiance to any certain god or gods. I can agree with his philosophy regarding living our lives in an effort to be good, and cherishing the soul above the body, and placing all emphasis on the soul and not on the body. Although we cannot scientifically prove that the soul is imperishable or beyond that, if we even have a soul, but we do know that the body is only temporary, so it seems logical to place importance on something beyond the physical. I think Socrates reasoning behind the evidence of our souls, is brilliant even if incorrect which I am in no means implying. His idea of anamnesis/recollect intrigues me. Where would we have any idea of perfection, if not from our souls? Certainly anything from the body or physical has yet to show us any form of perfection. For the sake of relating to the reader why I think Socrates philosophy could contribute much to human well being, let me take a moment to relay my thoughts or philosophy on life. I agree with Socrates on the stand he makes that nothing good or perfect can ever come from the physical. Pleasing the desires of the flesh always results in only temporary happiness, and even then it is questionable if it is a real happiness, or just a temporary source of satisfaction. Socrates .

The Basel Committee on Banking Supervision

Introduction The task of Basel Committee on Banking Supervision is to provide a forum for regulation of activities in the banking sector.Advertising We will write a custom report sample on The Basel Committee on Banking Supervision specifically for you for only $16.05 $11/page Learn More The main objectives of the committee are to promote understanding of main issues of supervision and promote development of quality methods of banking supervision (Tarullo 2008, p. 6). The main subcommittees of Basel Committee are the Standards Implementation Group, Policy Development Group, Accounting Group and Basel Consultative Group (Scott 2005, p.16). The committee developed accords that are used in supervising banking sector. The purpose of this paper is to evaluate the factors that led to movement from Basel II to Basel III, features of Basel III and how it differs from Basel II. Additionally, it evaluates the effects that the new accord has on the financial instit utions in Australia. Moving from Basel II to the Basel III- Contributing Factors Basel 1was the first and it determined the minimum amount of capital that financial institutions had to maintain. The purpose of this was to minimize credit risk and banks that had international operations had to maintain a minimum of 8% of capital (Gup 2005, p. 46). Basel II was an improvement of the first accord and determined the amount that financial institutions had to set aside to cover operational and financial risks that they and the whole economy face.Advertising Looking for report on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Third is Basel III that gives financial institutions a period of three years to satisfy all set conditions. Australia is among the first countries to adopt the requirements of Basel III. Basel Committee encourages countries to adopt the requirements so as to provide a better regulatory environment and redu ce the vulnerability of the world’s financial system. Australian Prudential Regulation Authority (APRA), the Australian capital markets regulators, took a cautious and conservative approach in implementing Basel III recommendations (International Monetary Fund 2009, p.25). APRA proposed two amendments to the draft that controlled the activities of the Australian capital markets. First, it proposed that all capital instruments to be governed by law in order to be included as Tier 1 or Tier 2 capital. The reason for this proposal is to ensure that any conversion or write off is implemented and that implementation is done within a short time. The second proposal was on treatment of joint arrangements. Joint operators were expected to be accounted on a proportionally consolidated method while joint ventures were to be accounted for using equity method. Additionally, APRA made recommendations regarding implementation of the Basel III requirements. The proposals were on reporting s tandards, capital adequacy and the forms of reporting.Advertising We will write a custom report sample on The Basel Committee on Banking Supervision specifically for you for only $16.05 $11/page Learn More It also proposed introduction of new reporting standards and fair values. Ultimately, the recommendations were implemented and the influence on the ADIs is varied. Features of Basel III Basel III accord and the Basel II accord have many differences. This section focuses on the differences and changes that Basel Committee adopted to improve the supervision of banking sector of the world. The minimum capital requirement that the committee expects financial institutions to maintain was retained at 8% in Basel III. However, Tier 1 minimum capital requirement according to Basel III is 6%. This is different from Basel II that required Tier 1 capital requirement to be 4% (Choudhry 2001, p. 285). Basel 3 also has a higher quality of Tier 1 capital. It require s a large part of the common equity and it has tightened the criteria for inclusion in Tier 1 capital. Additionally, Basel III has increased the quality of Tier 2 capital and the inclusion criteria in Tier 2 capital have also been tightened. Basel III also has a requirement that most capital deductions be made to Common Equity Tier 1 (CET1) instead of 50% from Tier 1 and 50% from Tier 2 as it was under Basel 2.Advertising Looking for report on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Tier 1 capital is that which is always available freely to take up losses without making the bank wind up operations while Tier 2 absorbs losses incases when a bank winds up. The other feature of Basel III is the introduction of Conservation Buffer which is a new measure. Conservation Buffer aims at ensuring that financial institutions maintain a buffer capital which is above the minimum capital requirement (Gregoriou 2009, p. 198). This capital buffer is to cushion banks in cases when they make losses especially during economic and financial down turns. Banks will thus be able to draw from this buffer during such stressful periods. However, constraints in the spread of earnings during these periods will be applied as capital ratios of the banks get nearer to the minimum requirement. Another feature of Basel III is the introduction of a Counter-cyclical Buffer of Common Equity and national circumstances are to determine the implementation of this buffer. The intent of this action is to facilitate the achievement of vast macro-prudential factors. This is attainable through fortification of the banking sector from excessive expansion of credits. In addition to these features, Basel III strengthens the rules used in the calculation of risk weighted assets. It also adds minimum requirements to ensure the protection of the tax payers. These minimum requirements are to ensure that the capital that a bank has is able to absorb losses in cases when a bank’s operations become non-viable. Implications of Basel III in Australia The implications of Basel III accord implemented in Australia are varied and are based on various circumstances. The writing off or conversion of a regulatory instrument due to an event triggered by an issue to do with capital or non-viability has adverse effect on an ADI (Ayadi Resti 2004, p. 37). The affected ADI is likely to be at great loss in case of such an event and is not likely to make any profit. The reduction of the value of cap ital used in the regulatory instrument is thus considered to be harsh. This is mainly when probability of a capital trigger event or a non-viability event occurring is low. Additionally, it is considered harsh when the probability of making losses is low or when the probability of making profit is high. The other implication of Basel III is to add cost to the ADIs. The requirement that banks estimate their potential income tax has the effect of requiring banks to seek professional advice. This also brings about compliance burden to ADIs. The adverse effect that this requirement has on ADIs includes ADIs having to raise 42% of additional capital. This event would mainly occur when there is disruption in the capital markets. The disruption can be caused by uncertainty due to economic conditions or due to the need of the markets to use features that are new and untested (Mohamed, Farrar Khalid 2012, p.134). The other implication of Basel III accord is requiring the financial systems o f the world to raise the large volume of requirements that the accord set. It is not clear weather the capital markets of various countries will be able to raise the large volume. Generally, large capitals usually require that investors be paid margins that are high. The increase thus has the effect of increasing costs to the ADIs. In addition to this, increase in demand for capital forces the ADIs to seek more funds offshore. However, funding from offshore markets may worsen the pressure that the ADIs have in their country and also increase the cost of funding (Hull 2012, p.289). Increase in the cost of capital for the ADIs is the other implication of the Basel 3 implementation in Australia. The ADIs may respond to these changes by increasing the cost of their products. Additionally, the supply of credit through loans is also likely to reduce due to the implementation of Basel 3. The competiveness of the ADIs is also likely to reduce due to the features of Basel 3. This is mainly b ecause of the increase in the cost of capital for the ADIs. They are also likely to become less competitive since their competitors in other countries are likely to refuse to accept the conditions set by Basel 3 (Chorafas 2012, p. 140). The ADIs competitors are likely not to accept similar conditions due to issues such as tax laws in their countries, the additional capital requirement and the additional costs that accompany the conditions. The conditions are also likely to increase the total industry cost in excess of $260 million per month. Methodology Basel Committee conducted data collection from various banks. The information collected was used to examine weather the committee’s goals had been met through the implementation of the recommendations. An impact study was later conducted in which many banks were considered. Banks of different profiles were included in the study and the extent of their credit risk mitigation was also considered. Some of the analyses that were m ade were based on approximations due to lack of the necessary data. Results The study on the effect of the implementation of the Basel III recommendations found that the recommendations had both positive and negative effects on ADIs. The recommendations had the effects of improving supervision of the banking sector and the capital markets. The implementation of the recommendations also had the effect of increasing the cost of capital for the ADIs. They further had the likelihood of reducing the competitiveness of the ADIs internationally and also are likely to increase product prices of the ADIs. In general, the recommendations are likely to increase Australia’s banking industry cost in excess of $260 million monthly. Conclusion The goals of Basel committee are to regulate actions in the banking sector worldwide. The committee has used different accords to set the standards for banking sector and capital markets and one of these is Basel III accord. This paper sought to under stand the reason for the adoption of the Basel 3 accord, its features and the implication that its implementation had on ADIs. The Basel 3 accord had various features that have been extensively discussed. The implications of these features are to improve the quality of supervision in the banking sector, protection of the tax payers and reduce losses due to risk. The implications that the recommendation had on ADIs are to increase the cost of capital, reduce the competitiveness of the ADIs internationally and add cost in the operations of the ADIs. It further had the implication of reducing credit supply and increasing the prices of ADIs’ products. The industry cost is estimated to increase by more than $260 million monthly. The overall conclusion is, however, that the Basel 3 features are important in reducing financial risks and countries should adopt them. References Ayadi, R Resti, A 2004, The new Basel capital accord and the future of the European financial system, CEPS, London, UK. Chorafas, D 2012, Basel III, the Devil and global banking, Palgrave Macmillan, Hampshire. Choudhry, M 2001, The REPO handbook, Butterworth-Heinemann, Oxford, UK. Gregoriou, G 2009, Operational risk toward Basel III: Best practices and issues in modeling, management and regulation, Wiley, Hoboken, NJ. Gup, B 2005, Capital markets, globalization, and economic development, Springer, New York, NY. Hull, J 2012, Risk management and financial institutions + website, Wiley, Hoboken, NJ. International Monetary Fund 2009, Australia: 2009 Article IV consultation: staff report, and public information notice on the Executive Board discussion, IMF, Washington, DC. Mohamed, A., Farrar, J Khalid, A 2012, Regulatory failure and the global financial crisis: an Australian perspective, Edward Elgar, Cheltenham, UK. Scott, H 2005, Capital adequacy beyond Basel banking, securities, and insurance, Oxford University Press, London, UK. Tarullo, D 2008, Banking on Basel: the future of internat ional financial regulation, Peterson Institute for International Economics, Washington, DC. This report on The Basel Committee on Banking Supervision was written and submitted by user RoxanneSimpson to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.