Health Ethics for Criminalizing Domestic Abuse- myassignmenthelp.com

Question: Discuss about theHealth Ethics for Criminalizing Domestic Abuse. Answer: Changes in health law related to fraud and abuse: Several incidences of fraud and abuse are reported within health care context. Many health law and regulations have been framed to take appropriate action against perpetrators of abuse and control future care of fraud and abuse. The most recent law related to addressing and criminalizing domestic abuse was implemented in Saudi Arabia in 2013 and it gave the governing agencies the authority to investigate about abuse allegations and take steps to maintain the safety of abuse victims. Currently, victims are protected from many cases of fraud and abuse. However, in the past, such stringent laws were not framed to protect people from abuse. Currently, legislation gives power to Gulf countries to act against abuse cases. However, still corruption laws are not uniformly enforced and punishments are selective (Vlieger, 2012). Effectiveness of the efforts to control fraud and abuse Two strategies implemented in Saudi Arabia to address abuse and fraud includes the campaign related to domestic violence and the single contract policy for fraudulent practices. The Saudi cabinet in 2013 approved law to make domestic violence a criminal abuse. However it has not yet been criminalized in the country. One major effort that acted against the domestic violence case included the No More Abuse campaign, which promoted existing legislations to criminalized domestic abuse. The campaign was highly successful as it changed Saudi mindset regarding complaining for abusive behaviour and encouraged people to talk about it (hrw.org, 2018).Fraud and abuse in health insurance is also a major issue in health care and the implementation of single contract health insurance policy in Saudi Arabia has played a role in curbing fraudulent practices and manipulations in the health care sector. This effort has boosted the growth of health sector and ensured the expansion of health insurance t o employees (Woolhandler Himmelstein, 2017). References: hrw.org (2018).Saudi Arabia: New Law to Criminalize Domestic Abuse. Human Rights Watch. Retrieved 12 March 2018, from https://www.hrw.org/news/2013/09/03/saudi-arabia-new-law-criminalize-domestic-abuse Vlieger, A. (2012). Domestic workers in Saudi Arabia and the Emirates: Trafficking victims?.International Migration,50(6), 180-194. Woolhandler, S., Himmelstein, D. U. (2017). Single-payer reform: the only way to fulfill the president's pledge of more coverage, better benefits, and lower costs.Annals of internal medicine,166(8), 587-588.

Art Research Essay Example For Students

Art Research Essay I cant believe it! I was just assigned the worst possible research paper topic ever by my history and language arts teacher! We have to be an art detective and discover the meaning of a piece of art. I had absolutely no interest in art so I knew writing this report would be nearly impossible. I began my search for a piece of art that was of some interest to me but I found absolutely nothing. Nothing was appealing or cool at all. I was beginning to see failure in my future. I still havent found what piece of art Im doing. I have searches through books, websites, and articles and still I had nothing. It was over. I was going to be stuck doing a piece of art I hated. But just as I thought that something miraculous happened. My eyes stumbled upon apiece of art that finally grabbed my attention. It was a sculpture. It was the Sphinx of Giza. This monument caught my eye so fast I knew this was the piece I should do. It worked out perfectly. No one had chosen the Sphinx so things were already looking better. I am excited to have found something that has some interest to me. I began my research immediately so I could get this thing over with. My first set of plans was to take a plane to the land of the Sphinx and meet the beast faced to face. I board my plane and in a little less than a day I am in the presence of one of the worlds greatest monuments. After walking for a few miles I am here at the Sphinx. I examine the enormous sculpture. It appeared to be made out of limestone (Schiff 108). The pieces of stone are incredibly large. Building this piece must have been a task for many men. The stone was probably moved around by either dragging the pieces of limestone or putting something underneath the limestone so it could roll and be pushed with much ease. I get closer to the Sphinx to get a better look and I notice something between its paws. It was a stone tablet with hieroglyphics on it. I study the hieroglyphics for a good chunk of time and understood almost all of it. From what I could understand, the Sphinx was built by the Egyptians and commissioned by King Khafre in about 2500 BCE (Baines 52). Its soul purpose is to watch over the pyramids of Egypt and all the kings that had died (Baines 52). I step back to take another look at it. The combining of the pharaohs head and the body of a lion was fascinating (Brockman). The body of a lion symbolizes speed, strength, and quick thinking; while the kings head shows power, intelligence, and wealth. When these traits are combined, an incredible being is formed. This explains why the Egyptians decided on a kings head and a lions body to guard over the pyramids. This shows that the Egyptians felt very strong about the after life, so they selected an incredible being to keep watch over them. The statue must have been a very powerful figure in the times of the pharaoh. The monument is a whopping 240 feet long and 66 feet high (Krysteck). The monument made the pharaoh seem even more powerful, a person you would never want to mess with. The Sphinx conveys a very powerful message. It makes me feel belittled due to its size and meaning. It amazing how much a non-living being could affect so many lives in so many different ways without doing anything. It also made me feel I was subject to the pharaoh and I had to perform his every will, or I would face the wrath of the sphinx. .u73cc29076296e9b471ed0e5fd38d553f , .u73cc29076296e9b471ed0e5fd38d553f .postImageUrl , .u73cc29076296e9b471ed0e5fd38d553f .centered-text-area { min-height: 80px; position: relative; } .u73cc29076296e9b471ed0e5fd38d553f , .u73cc29076296e9b471ed0e5fd38d553f:hover , .u73cc29076296e9b471ed0e5fd38d553f:visited , .u73cc29076296e9b471ed0e5fd38d553f:active { border:0!important; } .u73cc29076296e9b471ed0e5fd38d553f .clearfix:after { content: ""; display: table; clear: both; } .u73cc29076296e9b471ed0e5fd38d553f { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .u73cc29076296e9b471ed0e5fd38d553f:active , .u73cc29076296e9b471ed0e5fd38d553f:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .u73cc29076296e9b471ed0e5fd38d553f .centered-text-area { width: 100%; position: relative ; } .u73cc29076296e9b471ed0e5fd38d553f .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .u73cc29076296e9b471ed0e5fd38d553f .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .u73cc29076296e9b471ed0e5fd38d553f .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .u73cc29076296e9b471ed0e5fd38d553f:hover .ctaButton { background-color: #34495E!important; } .u73cc29076296e9b471ed0e5fd38d553f .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .u73cc29076296e9b471ed0e5fd38d553f .u73cc29076296e9b471ed0e5fd38d553f-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .u73cc29076296e9b471ed0e5fd38d553f:after { content: ""; display: block; clear: both; } READ: Menschenschreck If The International Financiers In And Outside Europe EssayIt is a very creepy feeling when I was around it. It makes a person feel like a slave and incredibly helpless while in the sphinxs presence. I looked at the sphinx one last time and walked away. I was disappointed to be leaving Egypt already. It was an experience I will ever forget. Ever since I got home, I just could not keep my mind off this incredible art piece. What I was most curious about was what influenced Khafre to have this done. The most probable possibly is that he wanted to protect himself and other pharaohs in the afterlife. Another possibility is he could have been trying to pay tribute to the gods and his ancestors. Or it could be simply that he wanted to show off, so he had this built. Another thing that kept me on my toes was the fact that the nose was almost completely gone. One theory is that during French occupation, the French found the nose and the used it as target practice (Wickersham). Im sure the Sphinx had plenty of fun with them in the afterlife. The last thing on my mind was the beard only being about fifteen percent of what it originally was. One reason is that it took damage during French occupation, and another reason is that the weather may have damaged it (Brockman). It is odd that the weather damaged the sculpture but preserved it at the same time (Beardless 36). It was finally time to turn in my art project. What started out as a very lame assignment ended up being pretty fun and interesting. When my teacher graded my project he was dumb founded. I did such a good job he gave me an A! It was the best grade I received from him all year on a major assignment. Not much could have gone better.

Human Freedom in Relation to Society

Introduction The nature of human freedom entails the totality of man’s whole life. Human freedom has to do with the freedom of one’s will, which is the freedom of man to choose and act by following his path through life freely by exercising his ‘freedom’) (Morrison, 1997). But this perspective has not been without much debate and controversy by both philosophers and theologians.Advertising We will write a custom essay sample on Human Freedom in Relation to Society specifically for you for only $16.05 $11/page Learn More The purpose of this paper intends to look at the concept of human freedom in relation to the society. In this regard, this paper seeks to investigate how society defines human freedom? What other social categories are affected (directly or indirectly) by human freedom? How society has evolved in regard to human freedom? And what can be done to improve human freedom? Human freedom has largely been defined in term s of the absence of external factors that may limit a person’s free will such as deportations and dictatorships by rulers among other factors. But it is also thought that human freedom does not necessarily rely on external constraints, for instance some philosophers have argued against the concept of ‘free will’, by saying that man is only a victim of ‘his own being’ (Morrison, 1997)). In other words, that the very nature of man, his instincts, for instance, limits his ‘freedom’; that every now and then he has to answer to his nature. But Rousseau refutes the argument that man unreservedly answers to his instincts as he argues that unlike animals, man can override his instincts (Morrison, 1997). For example, one may forgo a meal while playing a video game in spite of being hungry. This is an appendage of a philosophical debate as to whether individual ‘freedom’ really exist pe se. The argument is that one’s choices af fect the people in the world in which he lives as much as the behaviors of those around him affect him/her. Thus, no person can claim ‘freedom’ that is free of the society in which they live given that the society defines and influences to an extent man’s freedom and the scope of that freedom. How society defines human freedom The term ‘society’ already implies a group of people, in this case, it refers to people including organizations living under mutual agreement: explicit (such as legal law) or implicit (such as ethical moral law) (Fermi, 2004). Each of these members of society is obliged to live by the components of that mutual agreement.Advertising Looking for essay on social sciences? Let's see if we can help you! Get your first paper with 15% OFF Learn More Society, therefore, is bigger than the individual as it overrides the instinctual response of the individual, who is then expected to practice a certain degree of reservatio n in meeting his/her needs in such a way that one is able to abide by the acceptable standards of the society. So far the United Nations has attempted to create a set of laws that can be used to govern the whole human society although the micro-societies (states, for instance) play the main role in defining the scope of human freedom. The definition of human freedom varies depending on the defining culture and political ideology such as Nazism, Socialism, fascism, Communism and Conservatism (Fermi, 2004). Unfortunately, it is not possible to say which one of these variants of human freedom is the right one (Fermi, 2004) as they all work in their own respective ways to define the concept of freedom. But this is not to say that, in a society, the individual ceases to exist. The individual is still protected under the natural law, which champions the individual’s basic human rights and liberty; this in fact, forms the core of democracy in the world today. Limitless freedom, it i s argued, is untenable in a society that is peaceful and orderly, still when it comes to the law, some of the democratic rights are limited. Liberty, in its entirety (civil, natural, personal, and political liberties) when defined under the law carries with it certain limits. That as much as an individual has these rights and liberties, one can only go as far as the law permits, and since the law is defined by the political nature of a specific society, it can be argued that the law while it champions human freedom, equally restricts it as well. The other social categories that may be affected by human freedom Human freedom seems to be the central social issue and the other social aspects are either a reflection or an extension of human freedom. As we have seen so far, human freedom is defined by the prevailing political circumstances which further define the legal framework that is adopted.Advertising We will write a custom essay sample on Human Freedom in Relation to Society specifically for you for only $16.05 $11/page Learn More Depending on the relationship between state and religion (for instance, the unification of religion and the state as in Iran and separation of the two as was the case in Ibrahim’s Tunisia) individual’s freedom is affected in one way or another. Hinduism, for instance through its belief in the caste system, would seek to justify poverty for certain people and thereby hinder social mobility. Additionally, societies in which women are seen as nothing more than caretakers of families would hinder their access to formal education which impacts on their freedom. How society has changed in regard to human freedom Like any other social aspect, how human freedom is regarded in any society has evolved. It can largely be argued that struggle for human freedom has changed from an individual’s materialistic wishes to a more global approach to freedom for minority groups. For example, feminism i s fighting for women’s rights of choice, formal education, job opportunities, from domestic violence and female genital mutilation among other rights. Currently, there is an increasing recognition and empowerment of disabled people; these, among other activities are a reflection of the global call for democracy which requires the acknowledgement and respect of all humans and their fundamental rights. This is attributed to technological changes, group behavior, social conflict, social trade-offs and global interdependence among others. All these have contributed to the globalization of the world which has increased the call for a certain degree of homogeneity in social behavior as the culture of nations has come to mean transformation of other nations as well in regard to human freedom. Conclusion; how society can improve human freedom There is need for further research on how to improve human freedom; in this regard motivational psychologists can help by diagnosing problems, setting moderate goals and applying the relevant behavioral technology to promote and research the concept of human freedom further. This has worked in certain places for instance, there’s evidence that motivational technology has helped control certain serious diseases, facilitate compensatory education, provide channels for assessing the benefits of higher education, facilitates effective management of complex initiatives and has contributed in raising the living standards of the poor (McClelland, 1978). Besides these, there are also other means of improving human freedom which can be implemented.Advertising Looking for essay on social sciences? Let's see if we can help you! Get your first paper with 15% OFF Learn More References Fermi, F. (2004). Freedom and the Human Being. Retrieved from https://www.monografias.com/trabajos26/freedom/freedom.shtml McClelland, D., (1978). Managing Motivation to Expand Human Freedom.  American Psychologist, 33 (3), pp. 201-210. Morrison, J., (1997). What is Human Freedom. Retrieved from http://www.jasonmorrison.net/content/1997/what-is-human-freedom/ This essay on Human Freedom in Relation to Society was written and submitted by user Tessa C. to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.

The eNotes Blog Reading Comprehension as anAsset

Reading Comprehension as anAsset A couple years ago, The New York Times published a piece titled How to Get Your Mind to Read. Since we’re all about reading here at , we eagerly devoured the post and have revisited it many times. Since improving reading comprehension is an active part of our work, I’ve shared several of the key points in the article below. Let us know if you have any other recommendations! 1. Comprehension Requires Broad Vocabulary and Factual Knowledge This first point is straightforward. Of course we need vocabulary and factual knowledge to comprehend what we read. However, the article points out that classrooms that focus almost exclusively on literacy skills- to the detriment of other subject areas- are not benefiting students; they’re hindering students’ opportunities to succeed. The article suggests that spending more time on other subject areas- such as current events, history, science, music, etc.- will aid reading comprehension because students will not only expand their vocabulary, but also they’ll gain a broader field of factual knowledge. This is one of the reasons why we focus so much on developing quality analysis and historical context sections within our study guides and on our annotations. Much of the historical context in Jane Eyre or the philosophy of Crime and Punishment are difficult to understand without having the vocabulary or factual knowledge to follow Brontà «Ã¢â‚¬â„¢s and Dostoevsky’s ideas. 2. All Texts Have Information Gaps Readers Must Fill Less experienced readers often expect the writer to provide them with all the knowledge they need in a given passage. This expectation isn’t necessarily wrong: many tests expect students to answer questions from a text without considering the knowledge gap between writer and reader. However, the writer can’t include everything for us, and so when she writes for her audience, she is counting on readers to meet her halfway by decoding meaning. This shows up in allusions and references, which rely on a common, shared knowledge. At , we strive to help readers gain access to these information gaps to bolster their understanding of allusions and references. As enjoyable as â€Å"The Love Song of J. Alfred Prufrock† is, without an understanding of Eliot’s allusions, students will find themselves reading the poem but failing to fully comprehend it. 3. Reading Comprehension Is More Than Just a General Skill This final point really got me thinking about our teaching approaches. The article relates a misunderstanding with current education practices, which claim that reading comprehension should be treated â€Å"like a general skill that can be applied with equal success to all texts.† The article illustrates the impact of this misunderstanding, sharing evidence that test scores haven’t improved in 30 years. However, as discussed above, with the information gaps and broad knowledge required, reading comprehension is much more than just a simple one-size-fits-all skill. We need to shift our attitudes from reading as a skill to reading as an asset, particularly as more companies, even those in tech industries, are hiring strong readers and writers. When we can fully accept the complexity of developing reading comprehension, our goals forward for curriculum development and lesson planning are to focus on the relationships among texts. Reading is a skill that is in constant development, with no ceiling. We as educators need to look to present reading comprehension to students as an asset that will grow over time with thoughtful practice. Proposed Changes in Teaching Reading Comprehension The article concludes by proposing three significant changes in our school systems: â€Å"First, [significant changes point] to decreasing the time spent on literacy instruction in early grades.† â€Å"Second, understanding the importance of knowledge to reading ought to make us think differently about year-end standardized tests.† â€Å"Third, the systematic building of knowledge must be a priority in curriculum design. The Common Core Standards for reading specify nearly nothing by way of content that children are supposed to know- the document valorizes reading skills.† supports these proposed changes. We hope that our annotations and analysis help students expand their vocabularies, build their knowledge bases, and draw connections among texts- all practices integral to becoming better, more conscientious readers. So while we could cast blame on the influences of social media and technology, this simply ignores the main issue. The NYT article says that we should blame ignorance in failing to appropriately teach reading comprehension. I’d like to go a step further and offer that we should make changes by re-evaluating how we approach the teaching of reading comprehension. Let’s not only focus on institutional changes in curriculum but also model this behavior ourselves. Doing so will help us all better understand how our minds comprehend what we read, and this knowledge will allow us to develop more appropriate approaches, methods, and tests for our students. Only this will help give our students the necessary tools to change their reading for the better.

Should Police Be Armed Essay Example | Topics and Well Written Essays - 1250 words

Should Police Be Armed - Essay Example In the present scenario the rate of violence is crossing all limits. The cops are risking their lives in order to save the lives of public. Crime is uncontrollable nowadays, how can we expect the police officers to confront the criminals without themselves being properly equipped with arms and protection. So, it’s the duty of the government of nations to provide adequate firearms and protective equipment to the police officers. We are now living in an era where a criminal has more privileges than the common man. The rate of attacks on the police officers has increased to a great extent. In absence of firearms with the police, the fear of police in the minds of the criminals will surely be insufficient. Also, when people who have been employed to protect the public can no longer protect themselves, the confidence of public in them will not substantially down. The police should be armed, and with this they should have decision making ability and the courage to shoot the criminals if the lives of public are in danger. Firearms are necessary to maintain that fear for the cops in the minds of the terrorists. The criminals have no respect for the law of the nation and no fear for the police. Arming the police will teach the criminals a lesson. If the police are armed, criminals will think twice before hurting any police officer. Only making the police armed would not do. Not only should the cops be armed, but along with this, they should also be given adequate training for dealing with the situations effectively. The equipments provided to the police should work, because in most cases, old equipments provided to the police have proved to be of no use when actually needed. The opponents to this view say that arming the police has more disadvantages than advantages. The opponents say that every officer cannot be trusted with a gun. Making the police armed has increased the number of

Finace (IGR, SGR, EFN) Case Study Example | Topics and Well Written Essays - 750 words

Finace (IGR, SGR, EFN) - Case Study Example The remaining income was added back as the retained earnings for the company. This type of retained earnings generally helps companies like S&S Air to provide for internal financing required for further investments in the company. However, in the past S&S Air did not have proper planning regarding the investment opportunities of the company. As a result of this, the company lost sales in the past and had to go through crunch situations as regards to the liquidity position of the company. Hence the company is requiring the need for proper planning for its future investments. Ratio analysis has been done to analyze the current financial condition of the company. Next utilizing the financial ratios calculated, the owners of the company is willing to have a proper financial planning of S&S Air in future. The company needs this type of planning to decide upon the forecasted sales next year which the company can expect to generate. Moreover it would also help the company to know whether an y external financing is required to have the desired growth of the company next year. The company management also needs to have a proper idea about its current efficiency in utilizing its capacity so that improvements can be made if the capacity utilization of the company is less. Hence, calculating the internal growth rate and sustainable growth rate of the company along with the EFN, can help the company plan efficiently for the upcoming Fiscal Year 2012. Question 1: Calculate the internal growth rate and sustainable growth rate for S&S Air. What do these numbers mean? Answer: Internal Growth Rate (IGR) The internal growth rate of a company is given by the following formula (Ross, Westerfield, and Jordan 108): Internal Growth Rate = (ROA*b)/(1-ROA*b) Where, ROA = Return on Assets = Net Income/Total Assets b = Retention Ratio = (Addition to Retained Earnings/Net Income) Thus for S&S Air, ROA = 1,845,242/17,379,480 = 10.62% = 0.1062 b = (1,285,242/1,845,242) = 69.65% = 0.6965 (appro x) Hence, the Internal Growth Rate for S&S Air is given by: Internal Growth Rate = (0.1062*0.6965)/(1-0.1062*0.6965) = 7.99 % This implies that S&S Air would be able to expand its business and grow at a rate of 7.99% per year without the need of any external financing. Sustainable Growth Rate (SGR) This growth rate gives a measure about the growth of a company utilizing its internal financial sources (Jones 383). It is given by the formula: Sustainable Growth Rate = (ROE * b)/(1-ROE*b) Where, ROE = Return on Equity = Net Income/Total Equity b = Retention Ratio Thus for S&S Air, ROE = 1845242/9556430 = 19.31% = 0.1931 b = 69.65% = 0.6965 Hence, the Sustainable Growth Rate for S & S Air is given by: Sustainable Growth Rate = (0.1931*0.6965) * (1 - (0.1931*0.6965)) = 15.54% This implies that S&S Air would be able to expand and grow at a rate of 15.54% per year without the need of any equity financing externally. Question 2: S&S Air is planning for a growth rate of 12 percent next year. Calculate the EFN for the company assuming the company is operating at full capacity. Can the company's sales increase at this growth rate? Answer: External Financing Needed (EFN) A company requires financing from external sources if it is unable to generate adequate cash flows required to fulfill its present financial obligations (Moles, Parrino, and Kidwell 756). The EFN for S&S Air is calculated using the pro forma statements which utilizes the approach related to percentage of

USB Banks Take $2 Million Hit, a Detrimental Impact Essay

USB Banks Take $2 Million Hit, a Detrimental Impact - Essay Example Since the Swiss and European banks operate in a different way, this new scenario poses new challenges for implementing controls. The economy in the past years has been weak to say the least. Banks have been defaulting in loans as creditors have failed to pay their loans. These trickled effects have been a domino effect internationally. When one bank is hit by a fraud, it has a dynamic impact throughout the banks in the international front. One of the major banks that recently was charged for dealing with unauthorized revenue was UBS. The bank already was mounted with numerous amounts of risks and troubles prior to this massive problem. The Wall Street Journal reports that UBS was charged $2 billion for conducting unauthorized trades. The news pretty much shocked the financial market as the UBS AG accumulated a hefty $2 billion in losses. The crisis slammed shares of UBS, which on Thursday fell nearly 11% in Swiss trading and 10% in New York Stock Exchange trading. The British Police arrested a man for committing fraud and playing with equities. The news that UBS lost $2 million took a big detrimental hit as the losses crippled the European economy. The Europeans have become increasingly uneasy about withdrawing equity from Euro Zone banks. The convicted felon was a man known as Kweku Adoboli, a London-based trader who worked in the exchange desk. The British police confirmed that they arrested an individual who was committing fraud but have not charged him yet. According to officials, Mr. Adoboli was certified to work in the securities business since March 2006. Mr. Adoboli’s past experience in trading enabled him to conduct this fraud in a very passive manner. The felon was under a different alias in the popular job site called LinkedIn. Authorities are still not aware whether he still works for that bank. The bank officials made the discovery late when the London police informed the administration. Around 3.30 at night, the police confirmed their arrest of the felon. However, some parts of the how Mr. Adoboli conducted this scheme seem vague to officials. The officials were also unable to determine the casualties since UBS operates in major countries including United Kingdom. In midst of all these things, UBS discovered the hefty losses that they incurred. The UBS bank is still working hard to assure that all the positions are closed. In addition, the bank took a deep hit as their reported revenue fell from $8.2 billion to a $2.7 billion loss. The new shock undoubtedly raised the p roblem of the internal management control that were lacking in the band. Additionally, the unawareness the managers possessed was shocking. The management internal controls lacked the adequate understanding of mitigating the risks as this felon was free to conduct trades at his own will. Clearly, the bank’s risk-management system had flaws since it had to write down $50 billion in securities exchange. Collins Stewart, a key analysis of financial markets depicts the demise of this situation as he states, â€Å""A loss of this magnitude will very likely have occurred in the [fixed-income, currencies and commodities] division, the very division UBS has been systematically rebuilding after shrinking it by 40% during the credit crisis.† Undoubtedly, this will trouble the foreign markets. In addition, it might hurt the currency exchange as the Euro rate will dip down. It will also cause collateral damage as other banks might default in their loans. This