Insolvency

Change is everywhere. In today’s business world, change is inevitable. To prosper and survive in the modern business environment, organizations must be aware of the drivers that stimulate change and implement initiatives in response to these changes. These drivers can include new competition, unfavorable economic conditions, and increased cost of raw materials, to name a few. Transformation planning is a process of developing a strategic plan for changing an organization’s systems, processes,…

There are lots of reports, attention, and even movies record this famous financial issue. In the movie “Margin Call”, John Tuld (very similar with Richard Fuld, who was the CEO of the Lehman Brother) said, the toxic aspect of its asset make it dangerous enough to death, and will be transferred easy relatively. 2000 is the 150 anniversary of Lehman Brother. The World Trade Center Office of Lehman Brother destroyed in 2001 “9.11”, and move to Manhattan 2002. During 2002, Lehman Brothers build it…

Financial Insolubility Given the current obligations and aging demographic, privatizing Social Security would do nothing to solve its impending insolvency, and would actually make it worse. The SSA stated in 2016, “The projected cost of Social Security increases faster than projected income through 2038 primarily because the ratio of workers paying taxes to beneficiaries receiving benefits will decline as the baby-boom generation ages and is replaced at working ages with subsequent lower…

A large majority of older Americans depend on Social Security income (SSI) as their majority income source! This allows them to be better quality customers/clients/consumers/citizens. Currently Social Security is considered a pension and benefit program that is causing difficulties in creating a solution and public understanding. Social Security is NOT an actuarial pension system! It is a recirculation-tax and transfer system. SSI takes from the workers making about $118,500 or less (this…

BAWAG $1.10 Billion Losses BAWAG is a private limited bank and is an entity in the financial and insurance sector. Established in 1922 in Austria, it has its headquarters in the capital city - Vienna. Some of the services that it offers are investment banking, commercial banking, private banking and asset management. BAWAG offers online banking facility along with online support for customers. Few years ago, BAWAG suffered a huge amount of losses owing to having used unreasonable investment…

Many great authors have used characters in order to create one solid, organized novel. James Patrick Donleavy has used this technique in his best known novel, The Ginger Man. Through the eyes of the witty protagonist, the harsh reality of post war Dublin is put in a light, comedic perspective. Sebastian, a young man with a heavy desire to reach upper class lifestyle, is a drunk who does no work to reach the success he wishes for. While in the pursuit to find an easy route to reach upper class…

The banking sector plays a main role in the financial process in every economy, making its efficiency and effectiveness an essential requirement in order to ensure stability and growth (Halling, M. and Hayden, E, 2006). (Diamond, D.W. and Rajan, R.G, 2001), states that banks are involved in valuable economic activities and their major concerns remain their survival and profitability. On the asset side of the balance sheet, banks guarantee the smooth flow of funds by lending to deficit spending…

Divine nature of the Universe is a highly controversial topic engrossing the minds of philosophers since the Antiquity up to nowadays. Mostly these controversies arise from the inconsistency of theological explanations on the nature of religion. Another topic under debates is on the subject on Human nature. In the given paper, I am going to compare Cleanthes’ and Philo’s views on Deity and reflect upon their disagreements on the inductive argumentation, and provide the explanation of deductive…

In the 2013 mayoral election for Detroit, MI, the citizens experienced in a close race {55%-45%} the victorious win of Michael E. Duggan over Benny N. Napoleon, to become the first white mayor to lead the city in four decades. The great city of Detroit has for long experienced much calamity that has in a sense permeated throughout every vein in Detroit, and is responsible for its decrepit semblance. Mayor Michael Edward Duggan has brought to the city an energy that has been much needed and…

The 2008 financial collapse, also known as a “Business Recession,” “ Financial Crisis,” or “ Global Financial Crisis,” began with the United State and brought many countries to the edge of insolvency. In another word, the crash of September 2008 through the largest bankruptcies. The contagion, which began with low-interest rates drove housing prices higher and that made the mortgages backed securities and collateralized debt obligations (CDO). At that time, the investors were sitting on their…