King’s attitude towards slavery Essay Example for Free

King’s mentality towards bondage Essay Compromise struck King as supernaturally just, and he suggested a similar practice for the United States. He recommended this was the main good and down to earth approach to bring the Negro’s stand-ups to a reasonable level. Compromise as remuneration was such a smart thought in King’s mind in light of the fact that the training would bolster the opportunity of the human character and lead to an equitable society. He likewise accepted that it would make opportunity genuine and considerable for the individuals of color. He never accepted that the unimportant nonappearance of integrated open lodging would completely free the human character and build up an equitable society. Albeit numerous whites were against him, he started to underline his conviction that genuine and generous opportunity just as the commands of the equitable society, require not integrated open offices yet additionally the financial merchandise that would permit blacks to utilize such offices. Lord compared liberating the blacks and leaving them simply like that to giving a couple of shoes to a man who has not figured out how to walk. His point was that opportunity from integration requires the material products to appreciate opportunity from incorporation. King’s own reaction to the Johnson organization was to post for state expiation for the Disadvantaged. In King’s see, similarly as the state appropriately remunerated World War II veterans for the time they spent away from their home, employments, so too should it repay blacks for their long stretches of subjugation. He contended that solitary a couple of individuals considered the way that notwithstanding being oppressed for two centuries, the Negro was during each one of those years, looted of wages of his work. He accepted that no measure of gold could give sufficient remuneration to the mental unrest brought about by subjugation, however that a cost could be set upon unpaid wages. King’s extra conjugal issues It is evident that King carried out a great deal of beneficial things, the greater part of which depended on unadulterated moral principles. In any case, there are some moral difficulties that were hard for him, and the most widely recognized is the sexual associations with numerous ladies. Two years in the wake of King wedded his significant other Coretta, he started his work in the social liberties development. He left his young spouse and child to seek after undertakings that would take him a long way from home, setting aside his better half, and keeping in mind that he was home, he invested a great deal of energy in the telephone. His companions who were stressed of what these extramarital issues would do to his notoriety forewarned him about the significance of maintaining a strategic distance from the presence of bad behavior. They likewise forewarned him that because of his unmistakable quality, he would turn into the objective of those trying to ruin him. He was likewise warmed that ladies could turn into his ruin on the off chance that he neglected to oppose this allurement. Lord neglected to take these admonitions. When he won the Nobel Peace Price of 1964, his relations with ladies outside his marriage were a long way from mystery. Wiley Branton, a nearby partner of King moved toward him about the subject when he couldn't disregard the bits of gossip. He told lord that associates had communicated worry over his conduct and were stressed that he would get injured, however King was lethargic. The point again thought of another companion, and this time King reacted that since he was from home most of every month, sex filled in as an approach to lessen his uneasiness. King’s disposition towards cash While ruler made some hard memories opposing sexual allurement, the compulsion to benefit from his distinction was in no way, shape or form an enticement for him. He had never honey bee impacted by the possibility of bringing in cash. Actually, while in school he had built up a resistance to his father’s worry with cash. His absence of want for material belongings expanded after he visited India. Indeed, even his significant other detected an adjustment in him. She said that this developing magnanimity had prompted his undeniably pretentious mentality toward his attire and appearance, which up to that point he had invested heavily in. Since his school a very long time at the Morehouse, King had delighted in decent dress. His magnanimity likewise influenced the budgetary status of SCLC. At the point when he won the Nobel Peace Prize, he gave the value cash to the gathering, regardless of the complaint of his better half. She needed to put a portion of the cash aside for school for their youngsters, yet King demanded that the cash go in full to the SCLC. Afterward, when two board individuals recommended that he acknowledge a compensation from the association, King declined the offer. He clarified that his pay from Ebenezer Baptist church and the whole that he shielded from talking and composing was sufficient to help his family. End Due to King’s heritage as a man of good man, his shadow continued much after his death. The poor people’s crusade at first was related to the martyred prophet, not with his replacement. The objectives King built up, particularly for the crusade of fairness among the whites and the blacks were presumably inaccessible, however King-the-image stayed clean by disappointment. Notwithstanding the magnetism of his administration, King had clear systems for accomplishing objectives. He accepted that other than the utilization of legitimate strategies, the central government was an essential partner. Ruler accepted that in view of man’s wickedness, a controlling power was required. As per him, it was the administration that could neutralize aggregate malevolence. His definitive objective in a large number of his crusades was to drive the national government to act. Over and over, his procedure worked. From the research project, unmistakably his administration was two crease. He had the option to assemble blacks, while simultaneously speaking to the awareness of the whites. King’s impact was because of a few elements. To African Americans, his experience was established operating at a profit network, he was a Baptist minister, and his scholarly preparing joined with strict confidence gave the initiative abilities he required. To white Americans, he was an African American with the phenomenal capacity to persuade them regarding the malice of isolation. His words conveyed an amazing punch that, while what he was stating about isolation was not new, he blended an ethical arousing. Establishing his position was his administration through peaceful opposition, which spoke to tolerability and the shared trait of humankind that, up to that point, had been overlooked. Reference 1) Long M. G. (2002). Against us, yet for us: Martin Luther King, Jr. what's more, the state. California; Mercer University Press

Large Voter Turnout in Lebanon Elections :: essays research papers

Numerous voters came back to the places where they grew up in Mount Lebanon, the nation's most crowded region, and to the Bekaa Valley to cast their polling forms in the third of four rounds of amazed parliamentary races, the main liberated from the predominance of Syrian powers in about three decades. Against Syrian powers need a solid appearing in Sunday's vote - in any event 45 seats for a greater part - to win a firm handle on the 128-part Parliament and wean it of Damascus' control. Be that as it may, the crusade has prompted some astounding partnerships and a few races were a photo finish. Lines shaped outside surveying stations in Mount Lebanon, a mountain district encompassing Beirut and extending north and south of the city. Part of the way through the democratic, turnout bested 50 percent in certain regions, Prime Minister Najib Mikati said. Michel Aoun, who as of late broke with different rivals of Damascus and fashioned collusions with ace Syrian lawmakers to frame an enemy of debasement ticket, was among the first to cast a ballot. He showed up under substantial watchman at a surveying station Haret Hreik, a Shiite Muslim southern suburb of Beirut that is the fortification of the genius Syrian activist gathering Hezbollah. Around 200 supporters rooted for and hailed the Christian head, who got back in May following 14 years' outcast in France. Aoun, who was making his first outing to his old neighborhood in over 20 years, said he trusted his Free Patriotic Movement would make a big appearance in Parliament with at any rate 12 seats. At long last, we as a whole bow before the individuals' will, he told correspondents. The previous general was the fundamental challenger of the counter Syrian restriction in Mount Lebanon and his prosperity could hurt the resistance's drive to increase a dominant part in the lawmaking body and, contingent upon the quantity of seats he gains, could put forth him a key player in the attempt to end Syrian control. Druse restriction pioneer Walid Jumblatt, who has guaranteed that genius Syrians brought Aoun out of outcast to separate the resistance, promised not to permit the previous general to take our triumph. We are establishing the frameworks for a moderate, free Lebanon, Jumblatt said of his union with conservative Christians, Hezbollah and Saad Hariri, the child of the killed previous Premier Rafik Hariri. Jumblatt, as well, has produced coalitions with genius Syrians like Hezbollah and the Shiite Amal gathering. About 1.2 million people more than 21 are qualified to cast a ballot Sunday. Exactly 100 competitors are contending in Mount Lebanon for 35 seats, allotted to various factions as indicated by Lebanon's capacity sharing political framework. Huge Voter Turnout in Lebanon Elections :: expositions inquire about papers Numerous voters came back to the places where they grew up in Mount Lebanon, the nation's most crowded region, and to the Bekaa Valley to cast their voting forms in the third of four rounds of stunned parliamentary decisions, the main liberated from the strength of Syrian powers in about three decades. Against Syrian powers need a solid appearing in Sunday's vote - at any rate 45 seats for a dominant part - to win a firm handle on the 128-part Parliament and wean it of Damascus' control. Be that as it may, the battle has prompted some astounding coalitions and a few races were a real heart stopper. Lines shaped outside surveying stations in Mount Lebanon, a mountain locale encompassing Beirut and extending north and south of the city. Part of the way through the democratic, turnout beat 50 percent in certain territories, Prime Minister Najib Mikati said. Michel Aoun, who as of late broke with different rivals of Damascus and fashioned unions with professional Syrian government officials to frame an enemy of defilement ticket, was among the first to cast a ballot. He showed up under substantial watchman at a surveying station Haret Hreik, a Shiite Muslim southern suburb of Beirut that is the fortress of the ace Syrian activist gathering Hezbollah. Around 200 supporters rooted for and hailed the Christian chief, who got back in May following 14 years' outcast in France. Aoun, who was making his first outing to his old neighborhood in over 20 years, said he trusted his Free Patriotic Movement would make a big appearance in Parliament with in any event 12 seats. At long last, we as a whole bow before the individuals' will, he told journalists. The previous general was the fundamental challenger of the counter Syrian restriction in Mount Lebanon and his prosperity could hurt the resistance's drive to increase a lion's share in the assembly and, contingent upon the quantity of seats he gains, could put forth him a key player in the attempt to end Syrian control. Druse resistance pioneer Walid Jumblatt, who has asserted that ace Syrians brought Aoun out of outcast to partition the restriction, promised not to permit the previous general to take our triumph. We are establishing the frameworks for a moderate, free Lebanon, Jumblatt said of his partnership with conservative Christians, Hezbollah and Saad Hariri, the child of the killed previous Premier Rafik Hariri. Jumblatt, as well, has manufactured coalitions with professional Syrians like Hezbollah and the Shiite Amal gathering. About 1.2 million people more than 21 are qualified to cast a ballot Sunday. Nearly 100 competitors are contending in Mount Lebanon for 35 seats, distributed to various factions as indicated by Lebanon's capacity sharing political framework.

The Best Subreddits for University Students

The Best Subreddits for University Students The Best Student Resources on the Internet The Best Student Resources on the Internet The vast majority of students at postsecondary institutions around the world are likely not fully aware of the range of student resources they have at their disposal, both on and off campus. While it is easy to Google queries and find answers to questions on the fly, crafty students understand that there are a wealth of resources on the internet which can, and should be consulted on a regular basis to make university life more manageable and enjoyable. Chances are, too, that if you are a university student you, like most people, are not immune to spending counterproductively large amounts of time on places like Reddit. Luckily, Reddit is not an inherent waste of time. It’s how you use and browse the site that makes all the difference. Below are some of the best subreddits you can subscribe to if you are a university student. Personal finance One of the biggest knowledge gaps in the world that can heavily dictate individual success, across cultures, is the financial literacy gap. Most people, if they are not completely financially illiterate, don’t really know enough to competently manage their personal finances. It’s not their fault. Most societies fail to make it a priority at either the secondary, or postsecondary level. The financial literacy gap, however, isn’t just a matter of forgone knowledge, it can translate into thousands of dollars for university students. If you are in the process of curating your Reddit home page, consider checking out the personal finance subreddit. Personal finance is subscribed to by over 13.5 million people, and contains troves of knowledge about how to make personal financial decisions, big and small. Many of the people commenting and responding to questions are experienced financial services professionals, or people who have already had to ask and answer the same questions in the past. It is a great resource to check up on daily, or even just when you have a finance question you need answered. Eat cheap and healthy Another great student resource on Reddit is the subreddit “Eat Cheap and Healthy.” Part of academic success comes down to how well you look after your mind and body. You can only push yourself so hard on substandard fuel and sleep before your body starts refusing to cooperate. If you know what you are eating is trash and, furthermore, if you are spending too much money on hollow calories (fast food is actually surprisingly expensive), check out this subreddit for meal tips. It might completely revolutionize how you think about eating and shopping while studying. Many people, especially students, are under the impression that university is about sacrificing your eating and dietary standards for four years for the sake of your education. The old familiar trope of university students eating packaged ramen noodles for breakfast, lunch, and dinner is still a popular one. But you can actually eat quite healthily on a budget if you know how to shop and what to make. This subreddit has great information and tips for doing so, and provides a lot of inspiration. Your school’s main or student resources subreddit Reddit has now become the third most popular website in the United States after Google (number 1, obviously), and YouTube. Reddit has real pop-cultural, political, and social influence, meaning that is has become an important part of most businesses and institutions’ online presence. If you go to a big, well-recognized university, and even at many smaller ones, there is a good chance they have their own reddit page. These are another category of good subreddits for students, and often act as supplementary student resources for people wanting to know what is going on around campus. They often contain threads about deals, or offers to be found on campus that might otherwise be poorly advertised, as well as information about events, rallies, protests etc. that are of consequence to student life on campus. It could also function as a way to meet like-minded people. If you find someone talking about something you find interesting, or are having a conversation with a fellow-student and it is engaging and seems to be going well, you can even send them a private message and ask if they’d like to meet for a coffee, or a beer, etc. Your area of study’s subreddit(2) Another great student resource to be found on reddit are subreddits that have to do with your area of study. The subreddit “Engineering,” for instance has 210,000 subscribers. The “Political Science” subreddit has 10,800 subscribers, the “Philosophy” subreddit has 13.5 million subscribers, and the “Ask History” subreddit has 22,900 subscribers. These are just a few examples of discipline-specific subreddits. These kinds of subs are great places to ask people questions (often scholars, or experts), get pointed in the right direction before you start an essay, or find information and inspiration if you are stuck on a topic. Additionally, there are writing services out there that can help you plan, or edit a paper if you feel it needs some extra love and care. If you don’t already have a profile on Reddit, they are anonymous and free to make, and allow you to interact with millions of people from around the world who are a wealth of new information and inspiration. Reddit is definitely one of the most helpful student resources out there. Whether you use Reddit on a regular basis for news and entertainment, or are completely new to the platform, there are so many great subreddits to add to your list of subscriptions that are truly helpful and beneficial to university students. Instead of spending all your time on Reddit consuming gossip and media that doesnt improve your knowledge, or make your life better and easier, think about ways to leverage the website’s immense potential to your advantage. Keep the above subreddits for university students in mind, and for all other academic and writing-related matters, reach out to Homework Help Global 24 hours a day, 365 days per year. References: Farrington, R. (2014). “The financial literacy gap costs college graduates thousands.” Forbes. Retrieved from: #7930ac694fb2 Desreumaux, G. (2018). “Sorry Facebook, Reddit is now the Third Most Popular Site in the U.S.” Wersm. Retrieved from: The Best Subreddits for University Students The Best Student Resources on the Internet The Best Student Resources on the Internet The vast majority of students at postsecondary institutions around the world are likely not fully aware of the range of student resources they have at their disposal, both on and off campus. While it is easy to Google queries and find answers to questions on the fly, crafty students understand that there are a wealth of resources on the internet which can, and should be consulted on a regular basis to make university life more manageable and enjoyable. Chances are, too, that if you are a university student you, like most people, are not immune to spending counterproductively large amounts of time on places like Reddit. Luckily, Reddit is not an inherent waste of time. It’s how you use and browse the site that makes all the difference. Below are some of the best subreddits you can subscribe to if you are a university student. Personal finance One of the biggest knowledge gaps in the world that can heavily dictate individual success, across cultures, is the financial literacy gap. Most people, if they are not completely financially illiterate, don’t really know enough to competently manage their personal finances. It’s not their fault. Most societies fail to make it a priority at either the secondary, or postsecondary level. The financial literacy gap, however, isn’t just a matter of forgone knowledge, it can translate into thousands of dollars for university students. If you are in the process of curating your Reddit home page, consider checking out the personal finance subreddit. Personal finance is subscribed to by over 13.5 million people, and contains troves of knowledge about how to make personal financial decisions, big and small. Many of the people commenting and responding to questions are experienced financial services professionals, or people who have already had to ask and answer the same questions in the past. It is a great resource to check up on daily, or even just when you have a finance question you need answered. Eat cheap and healthy Another great student resource on Reddit is the subreddit “Eat Cheap and Healthy.” Part of academic success comes down to how well you look after your mind and body. You can only push yourself so hard on substandard fuel and sleep before your body starts refusing to cooperate. If you know what you are eating is trash and, furthermore, if you are spending too much money on hollow calories (fast food is actually surprisingly expensive), check out this subreddit for meal tips. It might completely revolutionize how you think about eating and shopping while studying. Many people, especially students, are under the impression that university is about sacrificing your eating and dietary standards for four years for the sake of your education. The old familiar trope of university students eating packaged ramen noodles for breakfast, lunch, and dinner is still a popular one. But you can actually eat quite healthily on a budget if you know how to shop and what to make. This subreddit has great information and tips for doing so, and provides a lot of inspiration. Your school’s main or student resources subreddit Reddit has now become the third most popular website in the United States after Google (number 1, obviously), and YouTube. Reddit has real pop-cultural, political, and social influence, meaning that is has become an important part of most businesses and institutions’ online presence. If you go to a big, well-recognized university, and even at many smaller ones, there is a good chance they have their own reddit page. These are another category of good subreddits for students, and often act as supplementary student resources for people wanting to know what is going on around campus. They often contain threads about deals, or offers to be found on campus that might otherwise be poorly advertised, as well as information about events, rallies, protests etc. that are of consequence to student life on campus. It could also function as a way to meet like-minded people. If you find someone talking about something you find interesting, or are having a conversation with a fellow-student and it is engaging and seems to be going well, you can even send them a private message and ask if they’d like to meet for a coffee, or a beer, etc. Your area of study’s subreddit(2) Another great student resource to be found on reddit are subreddits that have to do with your area of study. The subreddit “Engineering,” for instance has 210,000 subscribers. The “Political Science” subreddit has 10,800 subscribers, the “Philosophy” subreddit has 13.5 million subscribers, and the “Ask History” subreddit has 22,900 subscribers. These are just a few examples of discipline-specific subreddits. These kinds of subs are great places to ask people questions (often scholars, or experts), get pointed in the right direction before you start an essay, or find information and inspiration if you are stuck on a topic. Additionally, there are writing services out there that can help you plan, or edit a paper if you feel it needs some extra love and care. If you don’t already have a profile on Reddit, they are anonymous and free to make, and allow you to interact with millions of people from around the world who are a wealth of new information and inspiration. Reddit is definitely one of the most helpful student resources out there. Whether you use Reddit on a regular basis for news and entertainment, or are completely new to the platform, there are so many great subreddits to add to your list of subscriptions that are truly helpful and beneficial to university students. Instead of spending all your time on Reddit consuming gossip and media that doesnt improve your knowledge, or make your life better and easier, think about ways to leverage the website’s immense potential to your advantage. Keep the above subreddits for university students in mind, and for all other academic and writing-related matters, reach out to Homework Help Global 24 hours a day, 365 days per year. References: Farrington, R. (2014). “The financial literacy gap costs college graduates thousands.” Forbes. Retrieved from: #7930ac694fb2 Desreumaux, G. (2018). “Sorry Facebook, Reddit is now the Third Most Popular Site in the U.S.” Wersm. Retrieved from:

Where Is Iron Found On The Periodic Table

Small Business Contracts Essay - 1003 Words

Sharon and Don decided to do business together via a verbal agreement. Don is already a small business owner of a local health food business. Sharon found out that Don was an owner of a business in the area after meeting him. Don became interested in Sharon’s family’s products once she showed him their products. Don and Sharon agree to sell samples of her family’s products in his store. When the products started selling well in Don’s store, he contacted Sharon to order more of the family’s products. For some time Don placed orders with Sharon’s family, and received awesome customer service. Sharon’s company would deliver the products that Don requested at the same rate and in a timely fashion. Upon receiving the order or orders, Don†¦show more content†¦The definition of implied covenant is, â€Å"parties cannot intentionally or purposely do anything which will destroy or injure the other party’s right to receive the f ruits of the contract† (Anderson, 2012, p. 1). If the contract that Sharon’s 17 year old son signed with Don requires that they do continue to do business with him it is a possibility that the contract may be legal, based on the laws of their state. Minor’s capacity to contract Legally binding arrangements when it comes to contacts there are people that have the lack of legal liability. Minors are placed in a special category and if they sign a contract the agreement is considered voidable by them. Voidable means that the person that signed the contract, that lacks the capacity to enter into a contract, can void the contract or go ahead with the contract. Since Sharon’s 17 year old son is considered a minor in most states he would be considered to have the lack capacity to make a contract. Since there is not much information about the contract and or state, it seems as though the contract that the 17 year old signed can be voided. Fraud in the execution of a contract Sec. 229. Fraud In Execution – Contents of Written Contract – â€Å"The commonest form of fraud in the factum exists where an instrument is writing is drawn up and signed by one party under a false belief as to its contents, due to the fraud of the adversary party. In such case the contract is generally held to beShow MoreRelatedHybrid Contracts for Small Business927 Words   |  4 PagesHybrid Contracts for Small Business Introduction There are many different forms of contracts in which the CEO of a small local business could use to try to acquire business from the local Navy base. Most traditional contracts are composed of either fixed price contracts or cost reimbursement type contractual arrangements. However, a new type of contract has emerged that offers small businesses alternatives to the traditional bidding structures. The new alternatives to traditional contracts offerRead MoreThe Department Of Defense Subcontracting Plan Programs, Acts, And Policies Essay1248 Words   |  5 Pagessubcontracting has on small businesses, and how subcontracting plans are managed. Acts and Policies The Small Business Act, and subsequent reassuring public laws direct that the Government place a fair portion of its acquisitions, including contracts and subcontracts for subsystems, assemblies, components, and related services for major systems, with Small Business concerns, HUBZone Small Business, Small Disadvantaged Business, Women-Owned Small Business, Veteran-Owned Small Business, Service DisabledRead MorePurpose Of The Federal Small Business Program1544 Words   |  7 PagesPurpose of the federal small business program; include a historical aspect of the Government regulations that created the program: The U.S. Small Business Administration was founded on July 30, 1953, and has delivered millions of loans, contracts, counseling sessions, loan guarantees, and other types of assistance to small businesses. 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In Canada, the concept of shared office space is popular. According to the Canada Innovation, Science and Economic Development there are eleven companies registered and doing business in the capacity of SOS. The two largest firms in CanadaRead MoreBenefits Of A Small Business967 Words   |  4 PagesSmall-Business Preference Service-Disabled Veterans have earned the right to receive certain preferences for government contracting because they volunteered to serve their country. Congress established programs to benefit Service-Disabled Veterans, choose three programs and describe these programs. Explain how these programs benefit a small business over a large business. Small Disadvantaged Business The Small Disadvantage Business was established by Congress to provide an opportunity to businessesRead MoreHistory Of The Small Business Program1382 Words   |  6 Pageshistory of the small business program, explain the small business set-aside program, assess the dollar threshold for small business contracts, the purpose of source selection evaluation plan, and ranking of criteria for the scenario. History of the Small Business Program In 1932, President Hoover tried to mitigate the Great Depression by creating The Reconstruction Finance Corporation (RFC). The purpose of the RFC was to try to help businesses no matter what size large and small by providing federalRead MoreSubcontracting Plans And Its Impact On The United States1058 Words   |  5 PagesSubcontracting Plans Small businesses in the United States (U.S.) have a major impact on the economy, affecting employment, sales and patents. The Small Business Association estimated that small businesses account for 54% of all U.S. sales, 55% of existing jobs and 66% of all new jobs. They account for 40% of retail sales, providing employment for 8 million people. Small businesses are responsible for producing 13 times more patents than larger firms, and constitute 40% of business receipts in theRead MoreHistory Of The Small Business Program1500 Words   |  6 Pageshistory of the small business program, explain the small business set-aside program, assess the dollar threshold for small business contracts, the purpose of source selection evaluation plan, and ranking of criteria for the scenario. History of the Small Business Program In 1932, President Hoover tried to mitigate the Great Depression by creating The Reconstruction Finance Corporation (RFC). The purpose of the RFC was to try to help businesses no matter what size large and small by providing federal

Marijuana and its Legalization Free Essays

The legality of marijuana has been a hot topic debated upon for years. However, upon close inspection of studies and articles, it is clear that it is in the better interest of the government to lift the ban on marijuana. The first thing I learned from the inquiry into this issue was that prohibition fails to control the use and production of marijuana. We will write a custom essay sample on Marijuana and its Legalization or any similar topic only for you Order Now On the contrary, the illegal aspect tickles the curiosity of teenagers, resulting in opportunists seizing this chance to sell marijuana to them. The marijuana is distributed in schools by student dealers who learn to make easy money, and these students may be lead into the crime industries. The problem exists in the ubiquitous nature of marijuana and it not being the highest priority of the police. The distribution is not being controlled and neither are sources of the marijuana, which misses the reason of existence for prohibition. In fact, through legalizing marijuana usage, the government can earn a plethora of money through taxing, the price can be controlled to be of proper value instead of the underground pricing, and the number of illegal dealers would decrease due to marijuana not being as profitable. In a survey conducted by the National Center on Addiction and Substance Abuse at Columbia University, they reported that â€Å"teens could more readily access pot than beer or prescription drugs. What makes alcohol different from marijuana is that alcohol is legal, regulated through age restrictions, and taught in public education about its awareness. For instance, in high school, there are no such things as alcohol dealers or tobacco dealers, which leads to the need of a middle-man who is of age to buy such products. That middle man is often an older student who has to go out of his way to buy alcohol or tobacco which is a great hassle, whereas marijuana is easily found within the student population. People may argue that it is the pure danger of marijuana that led to its prohibition, but contrary to popular belief, it is said that marijuana was made illegal in the US for population control of Mexicans and Black people. Harry J. Anslinger, the director of the Federal Bureau of Narcotics remarked that the reason for the ban of marijuana was â€Å"its effect on the degenerate races. † There is no scientific evidence that such known side effects as schizophrenia, heart attacks or cancer are actually caused by marijuana and therefore the danger of the drug cannot be the reason being illegal. However, due to marijuana smokers being disoriented and having loss of coordination and logical thought, it would be more reasonable to make certain activities or actions illegal when influenced by marijuana instead, similarly to alcohol. Lastly, the research showed that keeping marijuana illegal is more expensive than lobbying it. Apparently the government’s â€Å"War on Drugs† results in millions of dollars in losses when locking people related to marijuana in prison, paying for their food, housing, health care, attorney fees, and court costs. All this is paid by taxpayer money which are meant for and could be used for other things concerning the country. Also, as stated in the above, the government is missing out on tax opportunities that could be in turn used for more effective drug education programs. If marijuana were legal the government would have much more money to spend on important problems. Even in our neighbourhoods, hundreds of students are smoking cannabis. Instead of having a large portion of our population having to smoke illegally, it would be more advisable to free the ban and profit from the perks of legalizing marijuana. How to cite Marijuana and its Legalization, Papers

Issues in Harmonization of Accounting Standards-Free-Samples

Question: Discuss about the Harmonization of the Accounting Standards with the International Accounting Standards (IAS/IFRS). Answer: Introduction The harmonization of the accounting standards refers to the process of aligning the local accounting standards of a country with the international accounting standards. The primary objective of harmonization is to achieve the comparability in the financial reporting. Different countries have different accounting practices; the harmonization is an attempt to reduce the differences in the accounting practices adopted by different countries (Wang, 2011). In the context of this, a report has been presented to provide discussion on the harmonization of the accounting standards. For the analysis of practical case, WIPRO Limited listed on the National Stock Exchange of India has been chosen. Reasons for Harmonization The accounting standards and practices are set out by the government of a country by referring to the economic environment of that country. The economic environment of countries is bound to be different. Thus, there arise differences in the accounting standards and the practices of the countries (Franklin, 2012). The difference in accounting practices of countries is the primary reason that laid to harmonization. As has already been iterated that harmonization of the accounting standards brings in parity in the financial reporting of two companies that operate in two different countries. The local accounting standards of a country are modified or changed to make them in line with the international accounting standards through the harmonization process (Franklin, 2012). It is crucial to understand that harmonization is different from convergence. In the convergence process, the local accounting standards of a country are changed to incorporate the provisions of the international accounting standards. However, in the harmonization process, the local accounting standards are modified only to the extent these are in conflict with the international accounting standards. In the harmonization process, the local accounting standards are allowed to keep and retain the provisions that can not be altered due to peculiarities of the economic environment of a country. For example, Indian GAAP harmonizes the accounting standards to make them aligned with the international accounting standard but simultaneously it also provides curve outs. The curve outs have been issued to provide for the areas in the accounting standard which are to be kept and retained and not be adopted from international accounting standard (KPMG, 2014). The harmonization also assists the companies in raising capital at the international platform. In order to raise capital at the international platform, it is essential for a company to prepare and present its financial statements in accordance with the international accounting practices (Wang, 2011). Thus, by adopting the harmonization process, the local accounting standards are aligned with the international accounting standards. Due to this harmonization, the financial statements prepared by the companies become comparable which makes it easy for the investors to evaluate the companys financial performance. The evaluation of financial performance of the company is an important exercise in the investment decision. Thus, if the investor is not able to evaluate the financial performance of a company due to the reasons that its financial statements have been prepared using different accounting practices, he would not be able to make out the decision to invest in the company (Wang, 2011 ). In the context of Indian economy, it is essential to promote high quality financial reporting practices for the overall economic growth. One way to improve the quality of accounting practices in India is to make the modifications in the accounting practices to align them with the international accounting practices (Kaur, 2014). Thus, harmonization of the Indian accounting standards is critical for the economic growth in India. It is perceived that the improvement in the accounting practices through harmonization of the accounting standards in India would help the trade and business grow. As the harmonization of the Indian accounting practices will help in developing capital markets, improve access to credit, and developing the financial sector. It will bring in the financial stability which is crucial for the sustainable economic growth. The Indian economy is on the development pathway and it needs the financial support at the international platform to grow rapidly. However, it is po ssible only when India harmonizes its accounting and financial reporting practices with the international standards. The harmonization of the Indian accounting standards with the international accounting standards would bring transparency in the system which is much needed for economic growth (Kaur, 2014). Issues in Harmonization of Accounting Standards It is considered that the high quality accounting practices coupled with the stringent governance mechanism are the basics for economic development. In order to improve the accounting practices and the governance system in the country, it is essential to increase transparency and fix accountability (Griff, 2014). In this direction, one of the endeavors of the government is the harmonization of the accounting standards with the international accounting standards. However, the process of harmonization of the accounting standards with the international accounting standards is not easy. There are various economic, political, and social obstacles that come in the way of harmonization process. It is important to find out resolutions to the issues and problems that are being faced in the process of harmonization to make it a successful mission (Griff, 2014). The first issue that comes in the way of harmonization process is the differences in the economic environment of the developing and the developed countries. The characteristics of a developing country will be different from those of a developed country. However, the international accounting standards equally apply to all the countries; thus, there would be certain things that are not suitable to the economic environment of the developing countries (Bensadon Praquin, 2016). Further, there arise issues from the political view point also. The harmonization of the accounting standards is given effect through a legal process only. The political parties have influence over the legal processes, thus, the political differences could arise when considering approving the harmonization process. Particularly, in the democratic country like India, the political issues are most likely to arise (Bensadon Praquin, 2016). Further, taking a narrow view point, the harmonization of the accounting standards will also cause changes in other laws of the country. The accounting standards are issued under the authority of the corporations/companies act (Wong, 2014). Thus, the harmonization process would first lead to changes in the corporations act. Further, the consequent changes in the various other laws could also be required such as taxation laws and securities exchange laws and regulations. Thus, the harmonization of the accounting standards is not a one step process. It will require substantial changes in the legal system of the country, which could make it a time consuming process (Wong, 2014). Further, in addition to the above, the most critical issue arises for the small and medium sized enterprises. It has been considered that the international accounting standards will add complexity to accounting process of the small and medium sized firms (Wong, 2014). Further, it is also argued that the international accounting standards are not as relevant to the small and medium sized firms as these are to the large corporations. The adoption of international accounting standards by the small and medium sized firms not only adds complexities to the accounting process but it will also cause additional costs being incurred by these firms. Further, the issues may arise in regards to understanding of the international accounting standards in the small firms. In the absence of adequate training, the small firms may not be able to apply the international accounting standards appropriately (Wong, 2014). In India, the ministry of corporate affairs has declared harmonization of the Indian accounting standards with the international accounting standards. The convergence of Indian accounting standards is in the process. The Indian government has replaced the old accounting standards with the new Indian accounting standards in its endeavor to converge with the international accounting standards (RSM, 2017). The new Indian accounting standards have been prepared on the lines of international accounting standards. Further, the new Indian accounting standards have been made applicable to the companies in the phased manner. The listed entities and the unlisted public companies with net worth of ? 500 cores or more have been mandated to prepare their financial statements for the year 2016-17 in accordance with new Indian accounting standards (RSM, 2017). In the convergence and implementation of the accounting standards many issues have been faced in India. Firstly, the Indian economy is characterized as a developing economy and the international accounting standards are framed from the view point of developed countries. Thus, the difference in the nature of economy is an issue itself. Secondly, India is a democratic country which means that the political challenges are severe in regards to approval and implementation of the converged accounting standards (Siddiqui, 2011). There have been endeavors since the year 2011 to converge and implement the converged accounting standards, but the same is yet to be implemented in the full phase. The Indian accounting standards differs significantly from the international accounting standards on the aspects of fair value measurements. Thus, it is really difficult for the companies to adopt the converged accounting standards in the accounting areas which require fair value measurements such as fin ancial instruments, employee stock options, and valuation of the assets (Siddiqui, 2011). Case Study to Illustrate the Attempt to Harmonization In order to demonstrate the issues and challenges in adoption of the harmonized accounting standards and under the same from the practical view point, it is necessary to analyze case of a company. It has been observed that the converged accounting standards in India have been made applicable for the listed and other big size public companies from the financial year 2016-17 (RSM, 2017). Therefore, the financial statements of the companies under the new financial reporting regime are yet to publish. However, WIPRO Limited listed on the national stock exchange (NSE) of India has been proactive in adopting the international accounting standards for the financial reporting purposes. WIPRO Limited is engaged in the business of information technology services and it operates worldwide in many countries. The company has prepared the financial statement of the year 2016-17 in accordance with the Ind AS which are converged Indian accounting standards (Annual WIPRO, 2016). In the year 2016-17, the company has prepared the financial statement in accordance with the Ind AS for the first time. The process of migration from the old India GAAP to the new Indian GAAP has been successful in the company. However, there have been various challenges in front of the management in changing the accounting policies to make them align with the Ind AS. The financial impact of adoption of Ind AS on WIPROs financial performance and position has been depicted as shown below: Figure 1: Impact of Adoption of Ind AS (Annual WIPRO, 2016) It could be observed from the chart presented above that there has been positive impact on the shareholders equity. Due to adoption of the Ind AS, the shareholders equity has increased from ?409,052 to ?412,257 in the year 2016. Further, the profitability has also increased under the new reporting regime. The net profit of the company was ?80,990 in the year 2016 under the old GAAP, however the same increased to ?82,005 under the new GAAP (Annual WIPRO, 2016). The differences in the accounting practices in the old and the new GAAP are many, however, the major are in the areas of recognition of dividend liability, valuation of investments and intangible assets, employee payments, and share based payments. As per the new GAAP, the dividend liability in respect of the current year dividend is to be recognized in the current year itself. Thus, the company has revised its policy regarding recognition and disclosure of the dividend in the financial statements (Annual WIPRO, 2016). Further, there has been observed difference in the valuation of investments. As per the existing accounting standard-13, the short term investments are to be valued at the lower of cost or the fair value. Further, it provided that the long term investments are to be valued at cost and only the adjustments in regards to permanent diminution in the value would be allowed to be made from the cost (Annual WIPRO, 2016). However, the position is different in the new Ind AS. As per the new Ind AS, the short and long term both the types of investments are to be valued at fair value. Further, the investments are to be marked to market to recognize the profit and loss. WIPRO Limited has changed its accounting policy in regards to recognition and measurement of the investments. The impact of change in the accounting policy on the equity and the profits has been shown in the figure depicted above (Annual WIPRO, 2016). The most of the investments of the company were in the form of equity shares quoted on the stock exchange, therefore, there was not much problem in adopting the fair valuation basis as required under the new Ind AS. However, the company faced problems in determining the fair value of few investments which were in the form of unlisted securities. Further, the accounting policy in regards to employee benefits was also affected due to adoption of Ind AS. Under the existing the existing accounting standard-15, the actuarial gains and losses were used to be recognized through the income statement. However, the new Ind AS provides that the actuarial gains and losses would not be recognized through the statement of profit and loss rather these should be recognized through the comprehensive statement of income (Annual WIPRO, 2016). Thus, these were the major changes caused due to harmonization of the accounting standards with the international accounting standard. WIPRO Limited however faced challenges in implementing the new accounting standards but it was able to do this convergence process successfully. Conclusion The report presented in this document is concentrated in on discussing the issues and challenges in the harmonization of the accounting standards. From the discussion carried out in this report, it could be articulated that the convergence of the local accounting standards with the international accounting standards is essential and it has importance from the economic development view point. However, there are many issues that may come across while considering harmonization of the accounting standards, but it is necessary to carry out such harmonization for the well being of the economy. A case of WIPRO Limited has been discussed in the report that demonstrates the successful implementation of the converged accounting standards in India. Further recommendations in this regards are given as below: To keep pace with the economic developments at the international level, it is recommended to harmonize the accounting standards and change the accounting practices as per the international accounting practices (Hindubusinessline, 2017). For the smooth implementation of the convergence process, it is recommended that the accounting bodies and the government authorities should be fully prepared. The implementation of the new accounting regime should be carried out in the phased manner to ensure that the adoption by the industry has been successful (Hindubusinessline, 2017). References Annual WIPRO. 2017. Annual report of WIPRO Limited 2017. Retrieved July 31, 2017, from https://www.wipro.com/documents/investors/pdf-files/Wipro-Annual-Report-for-FY-2016-17.pdf Bensadon, D. Praquin, N. 2016. IFRS in a Global World: International and Critical Perspectives on Accounting. Springer. Franklin, L. 2012. Harmonisation - The desire by the IASB to harmonise accounting is the triumph of hope over experience. GRIN Verlag. Griff, M. 2014. Professional Accounting Essays and Assignments. Lulu Press, Inc. Hindubusinessline. 2017. For Smother IFRS Conversion. Retrieved July 31, 2017, from https://www.thehindubusinessline.com/todays-paper/tp-opinion/for-smoother-ifrs-convergence/article1067258.ece https://www.rsm.global/india/insights/special-reports/ind-applicability-sector-wise-analysis Kaur, M. 2014. Convergence of Accounting Standards in India with IFRS. Indian Journal of Research. Retrieved July 31, 2017, from https://www.worldwidejournals.com/paripex/recent_issues_pdf/June_2014_1402919445_0b528_7.pdf KPMG. 2014. Amendments to Ind AS: Carve-Outs. Retrieved July 31, 2017, from https://assets.kpmg.com/content/dam/kpmg/pdf/2015/03/IFRS-Notes-Sept14.pdf RSM. 2017. Ind AS Applicability Sector-wise Analysis. Retrieved July 31, 2017, from Siddiqui, A.S. 2011. Comprehensive Accountancy XI. Laxmi Publications. Wang, C. 2011. Accounting Standards Harmonization and Financial Statement Comparability: Evidence from Transnational Information Transfer. Retrieved July 31, 2017, from https://www.kellogg.northwestern.edu/accounting/papers/Wang.pdf Wong, P. 2014. Challenges and Successes in Implementing International Standards: Achieving Convergence to IFRS and ISA. Retrieved July 31, 2017, from https://www.cimaglobal.com/Documents/ImportedDocuments/ifac_report_challengesuccess_111004.pdf