State of Banking Before and After Financial Crisis

State of Banking Before and After Financial Crisis Introduction: Banks play a very important role in financial system. Most businesses have a need for a line of credit or other financing with a bank (Editorials, Street directory).  A stable financial system can help a nations economy grow steadily than it would in an unstable financial system. From loans to investments, financial institutions are exposed to all kinds of risks in the market. Risk is universal in the financial industry and everything that a financial institution does requires thorough Risk Management Practices (RMPs). The recent financial crisis has brought out the existing flaw in the banking system which probably no one had forecasted few years before. In the past, first the economy used to slowdown which would result in financial crisis but this time it is other way round. During the current financial crisis, banks and other financial institutions, particularly in the U.S, have collapsed which has resulted in slowdown of global economy. Research Question/Main Problem: This research will try and bring out the changes that have happened in operations of banking, over past 5-6 years, from huge profit making business to managing risks efficiently. Aim and Objective: The dissertation aims to look at the developments in banking sector in both, a developed and developing economy, so that the positive points from both the economies can be brought forward and negative points can be addressed and rectified. The study also aims to highlight some of the key reasons of financial crisis. It is very hard or rather impossible to imagine carrying out business in the absence of banks or financial system. Hence, it is very important to study and conduct a research about the crisis that have impacted the financial industry, so that some lessons can be learnt and in the future, and mistakes can be avoided. If the study is limited to one country, sample might not be large enough and hence the research looks at two different economies of the world (Heffernan, 1996). Therefore two countries i.e. UK and India have been selected for the study. It will help to identify how banks have managed their business during cyclical upturn, peak in crisis. The study also intends to highlight the trend of banking activities. And will also draw attention on how the proportion of risk has changed over the past years. Highlighting changes in key ratios will give a clear picture of what has happened and what can be expected in the future. It would be important to compare the balance sheets of some of the major banks of both the countries from the year 2004 till 2009 to check the percentage increase or decrease in their activities in order to come to a conclusion and provide suggestions/recommendations. Brief Literature Review: Since this study deals developments in banks and their performance over last few years, ratio analysis would be best suited for the study. These ratios are easily available on Bank-scope website (www.bankscope.com). These can also be cross checked from respective banks annual reports which are available on the internet. Heffernans (1996) study on performance of banks in 1980s indicated that some of the banks assets grew faster than nominal GDP, which means that banks were highly profitable. However, in late 1980s and 1990s there were asset quality problems in some of the large banks which had to write off non-performing portfolios. Because of which there was increased regulatory pressure and banks had to move towards fee-earning business i.e. securities underwriting and trading. It was during this time that international business was growing but was not profitable for banks because of high operating costs. However, banks found ways of reducing their costs by issuing their own CDs and introduce new products which were not capital intensive and resulted in fee income. Thus like other sectors, banks too used international trade and globalisation to increase their profits and diversify their risks. But, there have been one financial crisis in at least in every decade. Globalisation has been blamed for some of the previous financial crisis. There have been few economists who have argued that policies of the government resulted in the crisis and not technology. Asian crisis of 1997 is one such example (Krugman, 1998.). International organisations like WTO, World Bank, IMF promote globalisation and international trade for the development and welfare of under developed and developing economies. It has opened up global economy and countries like China and India have grown faster than expected. Globalisation has also reduced the sense of isolation which was felt before in developing countries. But in many countries, like the African nations, globalisation has not been be neficial or has not reached and hence most African nations remain underdeveloped (Stiglitz, 2002). Globalisation resulted in innovation of various risk reducing financial products and strategies like Futures, Options, Derivatives and Securitization. This study will help to understand how some of these products and strategies which were supposed to reduce risk, resulted in downfall of global economy. Sub-problems: The sub problems of this study are: Global economy before financial crisis – this will help to understand how banks were making huge profits; Economic and financial globalization and the expansion of world trade have brought substantial benefits to countries around the world (International Monetary Fund) What led to Crisis? this problem will help to realise what was happening in the banking world which went unnoticed till the time crisis hit some of the major banks; One of the key issue was the rising defaults on subprime mortgages in the US that triggered the global financial crisis (Subprime Fallout, Financial Times) Steps taken by international bodies like World Bank, WTO, UN, etc to rescue Global Economy – Though the most acute phase of the global financial crisis has passed, recovery remains fragile.   Persistent risks to economic health include high unemployment and low growth in developed countries and scarce international financing for developing countries. The poorest countries continue to need assistance to move beyond the crisis (Financial Crisis, World Bank report); World Bank is also expanding its cooperation with IMF, UN to promote inclusiveness, innovation, efficiency, effectiveness, and accountability (World Bank reform, World Bank). Since crisis in the USA impacted all major economies, rescue steps taken by some international organisations are important to take note of; Impact of financial crisis to UK Indian economy and steps taken by govt. central bank individually along the guidelines of Basel, bring out flaws if any. Bank of England and Reserve Bank of India have taken several steps to ensure that respective economies continue to grow and remain stable (BoE and RBI). Research Methodology: Punch (1998) has indicated that quantitative research is concerned with the collection and analysis of data in numeric form. It tends to emphasize relatively large scale and representative sets of data, and is often, falsely in our view, presented or perceived as being about the gathering of facts. Whereas qualitative research is concerned with collecting and analysing information in as many forms, mainly non-numeric, as possible. It tends to focus on as much detail as possible and aims to achieve depth rather than breadth. All qualitative research seeks understanding of data that are complex and need to be approached only in context (Morse et al, 2002). A correlation study, quantitative research method, examines the extent to which differences in one characteristic or variable are related to differences to one or more characteristics or variables. A correlation exists if, when one variable increases, another variable either increases or decreases in a somewhat predictable fashion. This study will collect numbers (data) that reflect specific measurements of the characteristics in question (Leedy, 2009). This type of study will be particularly useful for comparing ratios of different years and it will give out a clear picture of how operations of banks have changed over past few years. The good thing about this type of study is that the results are hard to manipulate as the data used would be a published data. Case study, qualitative research method,  refers to the collection and presentation of detailed information about a particular participant or small group, frequently including the accounts of subjects themselves. The case study is ideally suited to the needs and resources of the small-scale researcher (Loraine, et al. 2001). It is a form of qualitative descriptive research, which looks intensely at an individual or small participant pool, drawing conclusions only about that participant or group and only in that specific context. A case study researcher often begins to analyze the data during the data collection process (Leedy, 2009). As stated by Loraine B, et al. (2001) the drawbacks of case studies are: The very complexity of a case can make analysis difficult because of the holistic nature of the case study. The researcher needs to show connections between various events but not lose sight of the whole picture. While the contextualization of aspects of the case strengthen this form of research, it is difficult to know where context begins and ends. However the advantages of case studies are linked to their disadvantages, which are: They allow the researcher to show the complexity of social life and good case studies build on this to explore alternative meanings and interpretations. This study will be a combination of qualitative and quantitative research methodology. In the past, both studies, qualitative and quantitative, have been conducted in order to determine the main reasons of bank failures (Heffernan, 1996). Since the main research problem deals with key financial ratios, quantitative research method would address it the best. However, the sub problems of this topic would require qualitative research as they are more theoretical involving case studies and previous examples of bank failures to better understand what really went wrong and how things could have been avoided. This study will undertake qualitative research in the form of comparative case study because the study will be looking at various issues that have resulted in the downfall of banks and banking operations in respective countries. Data Collection and Analysis Data will be collected via secondary sources such as websites, annual reports of banks, International Monetary Fund, World Bank, Financial articles, Journals. The main quantitative analysis will be focused on the banking sector of the two countries and see if any trends or flaws can be highlighted. The data will be analyzed with the help of tables and graphs which would be explained. On the other hand qualitative analysis of comparative case studies will be mainly focused on sub problems which will lead the researcher in answering the main research problem. Conclusion/Potential Results This study might be able to bring out the current approach of banks towards various risks. The study might also be able to point put the best practices that are followed by the banks in the sample countries. The study will also try to point out flaws, if any, in the existing structure and operation of banks and recommend corrective steps. State of Banking Before and After Financial Crisis State of Banking Before and After Financial Crisis Introduction: Banks play a very important role in financial system. Most businesses have a need for a line of credit or other financing with a bank (Editorials, Street directory).  A stable financial system can help a nations economy grow steadily than it would in an unstable financial system. From loans to investments, financial institutions are exposed to all kinds of risks in the market. Risk is universal in the financial industry and everything that a financial institution does requires thorough Risk Management Practices (RMPs). The recent financial crisis has brought out the existing flaw in the banking system which probably no one had forecasted few years before. In the past, first the economy used to slowdown which would result in financial crisis but this time it is other way round. During the current financial crisis, banks and other financial institutions, particularly in the U.S, have collapsed which has resulted in slowdown of global economy. Research Question/Main Problem: This research will try and bring out the changes that have happened in operations of banking, over past 5-6 years, from huge profit making business to managing risks efficiently. Aim and Objective: The dissertation aims to look at the developments in banking sector in both, a developed and developing economy, so that the positive points from both the economies can be brought forward and negative points can be addressed and rectified. The study also aims to highlight some of the key reasons of financial crisis. It is very hard or rather impossible to imagine carrying out business in the absence of banks or financial system. Hence, it is very important to study and conduct a research about the crisis that have impacted the financial industry, so that some lessons can be learnt and in the future, and mistakes can be avoided. If the study is limited to one country, sample might not be large enough and hence the research looks at two different economies of the world (Heffernan, 1996). Therefore two countries i.e. UK and India have been selected for the study. It will help to identify how banks have managed their business during cyclical upturn, peak in crisis. The study also intends to highlight the trend of banking activities. And will also draw attention on how the proportion of risk has changed over the past years. Highlighting changes in key ratios will give a clear picture of what has happened and what can be expected in the future. It would be important to compare the balance sheets of some of the major banks of both the countries from the year 2004 till 2009 to check the percentage increase or decrease in their activities in order to come to a conclusion and provide suggestions/recommendations. Brief Literature Review: Since this study deals developments in banks and their performance over last few years, ratio analysis would be best suited for the study. These ratios are easily available on Bank-scope website (www.bankscope.com). These can also be cross checked from respective banks annual reports which are available on the internet. Heffernans (1996) study on performance of banks in 1980s indicated that some of the banks assets grew faster than nominal GDP, which means that banks were highly profitable. However, in late 1980s and 1990s there were asset quality problems in some of the large banks which had to write off non-performing portfolios. Because of which there was increased regulatory pressure and banks had to move towards fee-earning business i.e. securities underwriting and trading. It was during this time that international business was growing but was not profitable for banks because of high operating costs. However, banks found ways of reducing their costs by issuing their own CDs and introduce new products which were not capital intensive and resulted in fee income. Thus like other sectors, banks too used international trade and globalisation to increase their profits and diversify their risks. But, there have been one financial crisis in at least in every decade. Globalisation has been blamed for some of the previous financial crisis. There have been few economists who have argued that policies of the government resulted in the crisis and not technology. Asian crisis of 1997 is one such example (Krugman, 1998.). International organisations like WTO, World Bank, IMF promote globalisation and international trade for the development and welfare of under developed and developing economies. It has opened up global economy and countries like China and India have grown faster than expected. Globalisation has also reduced the sense of isolation which was felt before in developing countries. But in many countries, like the African nations, globalisation has not been be neficial or has not reached and hence most African nations remain underdeveloped (Stiglitz, 2002). Globalisation resulted in innovation of various risk reducing financial products and strategies like Futures, Options, Derivatives and Securitization. This study will help to understand how some of these products and strategies which were supposed to reduce risk, resulted in downfall of global economy. Sub-problems: The sub problems of this study are: Global economy before financial crisis – this will help to understand how banks were making huge profits; Economic and financial globalization and the expansion of world trade have brought substantial benefits to countries around the world (International Monetary Fund) What led to Crisis? this problem will help to realise what was happening in the banking world which went unnoticed till the time crisis hit some of the major banks; One of the key issue was the rising defaults on subprime mortgages in the US that triggered the global financial crisis (Subprime Fallout, Financial Times) Steps taken by international bodies like World Bank, WTO, UN, etc to rescue Global Economy – Though the most acute phase of the global financial crisis has passed, recovery remains fragile.   Persistent risks to economic health include high unemployment and low growth in developed countries and scarce international financing for developing countries. The poorest countries continue to need assistance to move beyond the crisis (Financial Crisis, World Bank report); World Bank is also expanding its cooperation with IMF, UN to promote inclusiveness, innovation, efficiency, effectiveness, and accountability (World Bank reform, World Bank). Since crisis in the USA impacted all major economies, rescue steps taken by some international organisations are important to take note of; Impact of financial crisis to UK Indian economy and steps taken by govt. central bank individually along the guidelines of Basel, bring out flaws if any. Bank of England and Reserve Bank of India have taken several steps to ensure that respective economies continue to grow and remain stable (BoE and RBI). Research Methodology: Punch (1998) has indicated that quantitative research is concerned with the collection and analysis of data in numeric form. It tends to emphasize relatively large scale and representative sets of data, and is often, falsely in our view, presented or perceived as being about the gathering of facts. Whereas qualitative research is concerned with collecting and analysing information in as many forms, mainly non-numeric, as possible. It tends to focus on as much detail as possible and aims to achieve depth rather than breadth. All qualitative research seeks understanding of data that are complex and need to be approached only in context (Morse et al, 2002). A correlation study, quantitative research method, examines the extent to which differences in one characteristic or variable are related to differences to one or more characteristics or variables. A correlation exists if, when one variable increases, another variable either increases or decreases in a somewhat predictable fashion. This study will collect numbers (data) that reflect specific measurements of the characteristics in question (Leedy, 2009). This type of study will be particularly useful for comparing ratios of different years and it will give out a clear picture of how operations of banks have changed over past few years. The good thing about this type of study is that the results are hard to manipulate as the data used would be a published data. Case study, qualitative research method,  refers to the collection and presentation of detailed information about a particular participant or small group, frequently including the accounts of subjects themselves. The case study is ideally suited to the needs and resources of the small-scale researcher (Loraine, et al. 2001). It is a form of qualitative descriptive research, which looks intensely at an individual or small participant pool, drawing conclusions only about that participant or group and only in that specific context. A case study researcher often begins to analyze the data during the data collection process (Leedy, 2009). As stated by Loraine B, et al. (2001) the drawbacks of case studies are: The very complexity of a case can make analysis difficult because of the holistic nature of the case study. The researcher needs to show connections between various events but not lose sight of the whole picture. While the contextualization of aspects of the case strengthen this form of research, it is difficult to know where context begins and ends. However the advantages of case studies are linked to their disadvantages, which are: They allow the researcher to show the complexity of social life and good case studies build on this to explore alternative meanings and interpretations. This study will be a combination of qualitative and quantitative research methodology. In the past, both studies, qualitative and quantitative, have been conducted in order to determine the main reasons of bank failures (Heffernan, 1996). Since the main research problem deals with key financial ratios, quantitative research method would address it the best. However, the sub problems of this topic would require qualitative research as they are more theoretical involving case studies and previous examples of bank failures to better understand what really went wrong and how things could have been avoided. This study will undertake qualitative research in the form of comparative case study because the study will be looking at various issues that have resulted in the downfall of banks and banking operations in respective countries. Data Collection and Analysis Data will be collected via secondary sources such as websites, annual reports of banks, International Monetary Fund, World Bank, Financial articles, Journals. The main quantitative analysis will be focused on the banking sector of the two countries and see if any trends or flaws can be highlighted. The data will be analyzed with the help of tables and graphs which would be explained. On the other hand qualitative analysis of comparative case studies will be mainly focused on sub problems which will lead the researcher in answering the main research problem. Conclusion/Potential Results This study might be able to bring out the current approach of banks towards various risks. The study might also be able to point put the best practices that are followed by the banks in the sample countries. The study will also try to point out flaws, if any, in the existing structure and operation of banks and recommend corrective steps.

Effect of Technology on Human Social Interaction Essay

Humanity has come far from its primitive beginnings. From sticks and stone wheels to the fantastic technology of today. Each tool made toward the betterment of life more wondrous – and many times more dangerous – than the next. Humans have come from stone tools to hydrogen bombs. Humanity has become so accustomed to – so connected to — technology that it can no longer live without it. If all electricity were to somehow cease to be a thing in the world, society might very well collapse before our eyes. Really, there is no stopping this evolution, whether humanity as a whole see error in technology or not. In â€Å"The Evolution of Technology,† George Basalla asks how the world came to such a point that it could not stop its advancement. I question its exact effects. The advancement of media technologies in the 21st century have greatly impacted society. More specifically, the merging of modern media technology and the various social settings of socie ty has had major influence on social interaction between individuals. The media technologies of today effect social interaction in many different ways. Modern media technologies can encourage the interaction of many groups of people claiming different backgrounds, ethnicities, and generations. It can aid in bridging gaps both generational and cultural. To the contrary however, media technologies in any social setting can – according to the studies in â€Å"The Impact of New Media Technologies on Social Interaction in the Household† – easily result in a growing privatization in areas of life that, in an earlier, less technologically advanced time, would have been shared with friends and family. People are using technology separately rather than in groups. How are 21st century media technologies impacting social interaction among individuals? Do modern media technologies actually bring members of every social group together and increase social interaction amongst one another, or do they more commonly cause social division instead? Media technologies are now much more involved into people’s every day routine s than ever before. Media technologies of today have changed much of life in the last few decades. The mere pace of life has increased to levels that those of earlier decades could only have imagined. Much of the world has come into a time in which most things are instantly achieved (â€Å"Proceedings of the Media Ecology Association: Volume 11†). It is,  in fact, the era of instant gratification, in which much is sacrificed in the search for convenience and efficiency. Many see the ever falling value of face to face social interaction as being directly connected to the spike in modern media technology. Communication through technological media, in particular has advanced by leaps and bounds. With the click of mouse or the touch of a screen people are, in seconds, be put into contact with others that are tens of thousands of miles away. While this marks a definite height of media technology – linking people that would, in another time, not have been so connected, it would seem as though the use of the technology to communicate instantly with typed words on a digital screen has replaced other modes of human interaction. Younger members of generations of the 21st century have chiefly taken to the latest forms of communication: emailing, texting, messaging, et cetera†¦ Physical and interpersonal communication had been the status quo for hundreds of years. A person’s personality and ability to speak, convey his or her ideas with charisma, and articulate well using not just words, but body language and eye contact have long been the defining characteristics of the greatest people of our societies. This is changing. It has become the preferences of the general public to send emails instead of taking the time to write letters, to send texts messages from phones instead of calling from them, and to friending someone on a social network instead of asking to spend time with them. It can be seen that the ever falling value of face to face social interaction and communication as being directly connected to the spike in modern media technology. In another way, technological media used for recreation al purposes has had its various effects on social interaction as well. Gaming for instance, is one entertainment that has for years been met with very mixed opinions and arguments. I will not venture to link the meager social skills to or violent behavior to the playing of video games here. There are many examples of video games bring people closer together. Upon interviewing several people that play video games regularly, I found that many play video games with other people. Many play video games with their friends and family. A percentage of these people even said it was a routine of their family to have â€Å"game night† as a sort of tool to encourage familial bonding in the household. On the other hand, however, there was a significant number of people that I interviewed that played and preferred to play their video  games alone and spent little time with their families or in social settings away from video games. These people spent many hours alone with nothing but a screen, a game controller or mouse (depending on the medium the game was being played on), and sometimes an opponent and fellow gamer several miles or states away. When asked about other activities they took part in during the week or weekends, their responses were meager. Few partook in other activities, social or otherwise. In this way, one can understand video games to be a hindrance to the social interaction of the many individuals that play them. A gamer, distracted by a screen for countless hours a week does not have the time a person unimpeded by such things may have to take part in regular conversation with his or her peers. Television is yet another technological medium that has been argued over in its decades of use. Perhaps the varying viewpoints on the positive and negative aspects of television stem for the many purposes it can and has served. There are many channels on any cable television that are geared toward the moral and academic education of their viewers. There are also many more channels that are meant for the simple enjoyment of their watchers. A number of researchers propose that spending a small amount of time watching the more wholesome programs can, to some degree, strengthen families and friendships (â€Å"Inclusive Leisure Services†). Then, of course, there are many researchers that continually warn against television. Television is among the easiest of society’s media technology; easiest to operate, easiest to access, easiest to become addicted to. It is also possibly the most passive of media technologies today requiring almost no thought to use recreationally. Television, without the motive of the viewer to have conversation with those around, presents little chance for growth of social interaction between individuals. Now, possibly the most controversial, though fastest growing media technology in use: the cellular phone. There has never been any denying the convenience of the device. There have been, however, thousands of complaints and arguments against the cell phone for its ability to capture and hold the attention of its user. The cell phone has recently become all forms of media technology rolled into one: the telephone for calls, the camera for photographs, the music player, the television for vi ewing movies and TV shows, and the internet for all other digital uses, and so the list goes on†¦ The younger generation of today can only just  imagine the world in which most, if not everyone, has a cell phone – which, ironically, was not so many decades ago. The benefits of the modern cell phone to social interaction are obvious. Though more advanced than it was years ago, it still holds to its original purpose. The cell phone still provides the easiest, most convenient way to contact friends and family. In an emergency, it remains to be the best way to call for help. Modernly speaking, one can always send a quick text to ask how a friend is doing. Several million people would not be able to function or go through their daily routine without their cell phone. However, the opposition lives on. Many researchers maintain that the cellular as it is today is one the largest distraction to social interaction rather than the aid that others believe it to be (â€Å"The Impact of New media Technologies on Social Interaction in the Household†). Schools and certain work places have banned them for the fact that the people can’t seem to keep them from interrupting their work and learning. It is possible to now to walk into a room filled with people that in decades earlier would have been filled with individ uals mixing and socializing with each other, but now, could be packed with overzealous texters and social networkers gazing down at small screens in the palms of their hands. This generation has been described as incessantly â€Å"plugged in† – constantly in communication and in touch with technology (â€Å"Plugged In: generation Y Guide to Thriving at Work†). No other device is credited as much for the decline in values for face to face physical interaction than the cellular phone. Nor is any other device so credited for it advantages. It is evident that digital media technologies, such as television, video games, and cell phones have increasingly lead to social isolation and a growing privatization in social settings that would’ve been very different decades ago. It is also true that communication in general has become more impersonal than ever with the advancement of these technologies. Digital technologies are negatively affecting social interaction and communication between individuals. It is right to worry about the drastic changes they present society’s relationships and values. In order for digital technologies t o positively impact social interaction, friends and family have used these devices as a way of communicating and interacting with each another. This has to include using the media technology as a medium to interact, such as, playing a computer game  together or watching television together and discussing it afterwards. It is important for individuals to consume new media technologies together – thus, promoting togetherness – instead of individually. By consuming technology individually, this leads to social isolation. In turn, this results in a drastic decrease of communication and social interaction in all social groups. Though one thing is clear: as the presence of technology in our lives becomes more pervasive, the greater the changes in our interactions will be. Works Cited Basalla, George, The Evolution of Technology, Cambridge: Cambridge University Press, 1989 Dattilo, John, Inclusive Leisure Services, New York: Venture Publishing, Inc., 2002 Erickson, Tamara, Plugged In: generation Y Guide to Thriving at Work, Cambridge: Harvard Business Review Press, 2008 McGrath, Siobhan, The Impact of New media Technologies on Social Interaction in the Household, Ireland: Nui Maynooth, 2012 Rose, Ellen, Proceedings of the Media Ecology Association: Volume 11, Maine: Media Ecology Association, 2010

Whatever They Told You About Professional Services Writing Is Dead Wrong...And Heres Why

Whatever They Told You About Professional Services Writing Is Dead Wrong...And Here's Why Using staffing providers can lead to lower costs for selecting candidates to be able to acquire satisfactory staff. The sorts of services that you could perform will be dependent on your individual abilities and training, and your clients' needs. In addition, many businesses decide to give gifts to their employees. Staffing companies frequently have a degree of skill that far exceeds the HR divisions of a couple bosses. Second, our customer service is the very best in the business. Before buying a service or product, customers wish to understand what their peers think of the item in question. To produce a productive ad, you have to first make clients aware of the benefits of employing a staffing support. In case the client wants some editing in the requirements, it is going to be easier with nonstop providers. Type of Professional Services Writing The company outcome defined ahead of the PS engagement was supposed to lessen the spend on subcontractors by 10% in the very first year. Think through your own personal abilities, abilities and interests and think about how individuals or businesses may be in a position to use what you understand how to do. Top businesses and clients demands for the very best recurit in minimum time and when you concentrate on technology it provides a satisfactory benefits in the deeds of the scenario. Portfolio Every client has unique, individual requirements and my aim is to present them with a product they may be pleased with. Lies You've Been Told About Professional Services Writing When consulting, RFP projects are best begun whenever possible to ensure we are ready to attain a high probability of succeeding. Professional Services fees will likely be front-loaded during the initial setup and integration stage of the relationship. Moreover management assignments are likewise a crucial part of the overall assessment. In some instances, you might feel compelled to finish an assignment to the customer's exact specifications as an alternative to exploring different solutions which may offer superior outcomes. The work, which demands the complete attention and a very clear mind. You know, if there's 1 thing that won't fly in a business file, it's the unsupported assertion. Unless you're one of the few students who have had a good idea of your career direction for quite a long time, you will likely require a little help. Together wit h strengthening ties between businesses and clients, gift giving is a fantastic way to demonstrate your gratitude whilst spreading some holiday spirit. Obituary writing is frequently a deeply moving experience. It is a job that requires the best journalistic skills and a deep sense of compassion. You will receive a written essay at the end or at the period of submission which you've decided. You'll be trying to work out that is likely to become the finest possible essay building corporation on the website. The very best thing about us is that each and every time you can buy original essay papers for sale. If so, then it's probably time to step into the next stage of academic writing proofreading. Thus, the essay for our staff it is simpler than ever. Student life is full of surprises, and at times, you can require assistance with essay writing or maybe to compose a paper or essay from scratch. It is possible to easily depend on us to find essay help as we have a tendency to assist and guide the students with the assistance of our professional experts. The students pick the online services as a way to compose an essay with professionalism. Vacuuming to do away with the loose soil and dirt is easy but when it has to do with removing a stain, it's going to be nerve-wracking and you may wind up in contacting the expert fabric protection services. With the aid of expert office cleaning in Buckeye, you can be sure your employees will stay safe and fit during work and also there's no presence of damaging pollutants and allergens in your workplace. There's nothing to be worried about now as the newer fabric protection services are wholly set to compete against all types of sta ins and offer durability to the furniture for quite a while. The solution also employs the least time produced as a way to finish the project assigned with that. The Death of Professional Services Writing Many times, writers are so engaged in their very own work they fill pages with a fantastic deal of information but don't organize their work properly or express themselves with the very best word choice. Because you're selecting a writer, you may use the spare time to study. In the event the writer asks for a sample, don't hesitate to provide. Our writers always create unique content that's absolutely free from all grammatical error.

Compared to the Rest of the World - Free Essay Example

Sample details Pages: 4 Words: 1314 Downloads: 10 Date added: 2019/03/22 Category Health Essay Level High school Tags: Obesity Essay Obesity in America Essay Did you like this example? Abstract Obesity can be defined as a condition that is associated with the accumulation of excess of body fat to the extent that it expresses the potential to have adverse health affects. If a persons bodyweight is at least twenty percent higher than what is healthy, that person can be described as obese. Although there is currently no flawless method to measuring obesity, the most reliable and commonly used obesity indicator is the body mass index (BMI), a statistical measurement derived from an adults height and weight. Don’t waste time! Our writers will create an original "Compared to the Rest of the World" essay for you Create order Its method of calculation is depicted in the following formula: According to the World Health Organization (WHO), an adult with a Body Mass Index between 18.5 and 24.9 is generally healthy. An adult with a Body Mass Index of below 18.5 is considered underweight, an adult with a Body Mass Index of between 25 and 29.9 is considered overweight, and a person with a Body Mass Index of over 30 is considered obese. Obesity can be classified into three categories, governed by Body Mass Index: severe obesity (35-40), morbid obesity (40-45), and super obesity (45+). Body Mass Index is a useful indicator for the average person. This method does have one major inability, however. Despite it being considered a useful way to estimate obesity, it can be occasionally misleading, because it cannot measure the percentage of body fat (What is Obesity?). For instance, a muscular person may have a high Body Mass Index, but have much less fat than an unfit or ?out of shape person whos Body Mass Index is lower. In addition, measuring obesity, with the Body Mass Index method, in children and adolescents aged 5 to 16 is challenging, because normal differences in body fat between boys and girls of different ages must be taken into account. Another less-common method used to measure a persons obesity is waist circumference. For females, a waist circumference of 35 inches or greater is considered unhealthy. For men, a waist circumference of 40 inches or greater is considered unhealthy. (Obesity Action Coalition What is Obesity?). Other methods of estimating obes ity include measurements of skinfold thickness, calculation of waist-to-hip circumference ratios, and techniques such as ultrasound, computed tomography, and magnetic resonance imaging (MRI). Overweight and obese individuals are at an increased risk for many diseases and health condition, that often leads to a decreased quality of life for those affected, such as: Coronary Heart Disease Type 2 Diabetes: Among those diagnosed with type 2 diabetes, 67 percent have a BMI of 27 or greater and 46 percent have that of 30 or greater. West Virginia has the highest rate of diabetes at 14.1 percent. Nine of the 10 states with the highest diabetes rates are in the South. (Obesity Rates Trends.). The U.S. Centers for Disease Control and Prevention (CDC) projects that one-in-three adults could have diabetes by 2050. Cancer: In both and women, higher BMI is associated with higher death rates from cancers of the esophagus, colon and rectum, liver, gallbladder, pancreas, and kidney. The same trend applies to cancers of the stomach and prostate in men, and cancers of the breast, uterus, cervix, and ovaries in women. Almost half of post-menopausal women diagnosed with breast cancer have a BMI greater than 29. One study indicates (the Nurses Health Study) women who gain more than 20 pounds from age 18 to midlife double their risk of breast cancer, compared to women whose weight remained stable. (Obesity Action Coalition What is Obesity?). Hypertension (High Blood Pressure): Hypertension is 27% more prevalent for men with a BMI between 27 and 30 and is 32.7% more prevalent for women with the aforementioned BMI (Obesity Action Coalition What is Obesity?). West Virginia has the highest rate of hypertension, at 41 percent. Dyslipidemia Stroke Liver and Gallbladder Disease Sleep Apnea and Respiratory Problems Osteoarthritis Depression Gynecological Problems: Examples of weight related gynecological problems that are known to be experienced are abnormal menses (periodic flow of blood from the uterus) and infertility, among other things. These conditions can directly cause or contribute to premature death or substantial disability. It is estimated that on average, an obese person will live eight to ten fewer years than and have medical costs that are an estimated $1500 higher than a non-obese person. Currently, health care costs for the United States as a whole range from $147 billion to nearly $210 billion per year (Obesity Rates Trends.). Obesity is an apparent problem that is far too common in the United States. According to the Center for Disease Control (CDC), as of 2016, about 93.3 million adults (39.8%) and 13.7 million children and adolescents (18.5%) were affected by obesity. As of 2015, rates of obesity exceeded 35 percent in Arkansas, West Virginia and Mississippi. 22 states have rates above 30 percent and every state is at least 20 percent. Colorado had the lowest rate at 21.3 percent. Obesity affects people of all ages, ethnic backgrounds, income levels and education levels. However, the highest overall obesity rates continue to be found amongst racial and ethnic minorities, those with lower levels of education and lower income levels, and in rural populations (What is Obesity?). African Americans and Hispanics have the highest rates of obesity at about 47 percent, respectively, Caucasians at 37.9 percent, and Asians at 12.7 percent. Individuals with lower income and/or education levels are disproportionately more likely to be obese. More than 33 percent of adults who earn less than $15,000 per year are obese, compared with 24.6 percent of those who earned at least $50,000 per year. (Obesity Rates Trends.). The question is: what is the cause of the seemingly never-ending and detrimental epidemic? The answer to that question is multifaceted. In the current fast-paced society that we live in, it is easy to adopt unhealthy behaviors. Behavior, in the case of obesity, relates to food choices, amount of physical activity you get and the effort to maintain your health. (Obesity Action Coalition What is Obesity?). Subsidization of corn, soy, wheat, and rice through the U.S. farm bill has made the main sources of processed food cheap compared to fruits and vegetables. As a result, Americans have become increasingly reliant on convenient, calorie-rich, fast-food meals and junk food, such as potato chips. In fact, American consumption of fast-food meals has quadrupled since the 1970s and the purchase of junk food has spiked. This lack of vital nutrient consumption and increase in calorie and fat consumption is not being counteracted with adequate physical activity. Sixty percent of adults are not sufficiently active to achieve health benefits. Mississippi has the highest percentage of inactivity among adults at 31.6 percent. Physical activity has instead been replaced with television, social media, video games, cars, and scooters, among other technologies and means of transportation. These unhealthy habits are passed from parents to their offspring, continuing a vicious cycle. Obesity in the rest of the world is an issue that is just as much of a cause for concern as it is in the Unites States. Thirty-seven percent of adults and fourteen percent of children worldwide are obese. Surprisingly, obesity is increasing in developing countries, while its pace has slightly slowed in developed countries. Researchers have differing opinions concerning this particular subject. Some have hypothesized about the root causes, and the culprits are many, ranging from urbanization, to television, to rising incomes, to labor-saving technologies, to U.S. agricultural policies and junk-food exports. (Friedman, Uri). The top ten most unhealthy countries, which are home to half of the obese people in the world are, the United States, China, India, Russia, Brazil, Mexico, Egypt, Germany, Pakistan, and Indonesia. The Unites States accounts for 13 percent of the worlds obese population, while two of the most populated countries in the world account for a combined 15 percent (Friedm an, Uri). Contrary to popular belief, obesity is largely preventable. The task of conquering it, however, is not one that will happen overnight, with wishful thinking. The process, which is outlined by dietary changes and an increase in physical activity, will require dedication, cooperation, and sacrifice.