The Enron Implosion and the Loss of Respect for the Accounting Professi

The Enron Implosion and the Loss of Respect for the Accounting Profession On the surface, the motives behind decisions and events leading to Enron’s downfall appear simple enough: individual and collective greed born in an atmosphere of market euphoria and corporate arrogance. Hardly anyone—the company, its employees, analysts or individual investors—wanted to believe the company was too good to be true. So, for a while, hardly anyone did. Many kept on buying the stock, the corporate mantra and the dream. In the meantime, the company made many high-risk deals, some of which were outside the company’s typical asset risk control process. Many went sour in the early months of 2001 as Enron’s stock price and debt rating imploded because of loss of investor and creditor trust. Methods the company used to disclose its complicated financial dealings were all wrong and downright deceptive. The company’s lack of accuracy in reporting its financial affairs, followed by financial restatements disclosing billions of dollars of omitted liabilities and losses, contributed to its downfall. The whole affair happened under the watchful eye of Arthur Andersen LLP, which kept a whole floor of auditors assigned at Enron year-round. In 1985, after federal deregulation of natural gas pipelines, Enron was born from the merger of Houston Natural Gas and InterNorth, a Nebraska pipeline company. In the process of the merger, Enron incurred a lot of debt and, as the result of deregulation, no longer had exclusive rights to its pipelines. In order to survive, the company had to come up with a new and innovative business strategy to generate profits and cash flow. Kenneth Lay, CEO, hired McKinsey & Co. to assist in developing Enron’s business strategy. It assigned Jeffrey Skilling to the task. Skilling, who had a background in banking and asset and liability management, proposed a revolutionary solution to Enron’s credit, cash, and profit worries in the gas pipeline business: create a â€Å"gas bank† in which Enron would buy gas from a network of suppliers and sell it to a network of consumers, contractually guaranteeing both the supply and the price, charging fees for the transactions and assuming the associated risks. Thanks to the young consultant, the company created both a new product and a new paradigm for the industry—the energy derivative. Lay was so impressed with Skilling’s ... ... excellence stand in satirical contrast to allegations now being made public. Personally, I had referred several of our best and brightest accounting, finance and MBA graduates to Enron, hoping they could gain valuable experience from seeing things done right. These included a very bright training consultant who had lost her job in 2000 with a Houston consulting firm as a result of a reduction in force. She has lost her second job in 18 months through no fault of her own. Other former students still hanging on at Enron face an uncertain future as the company fights for survival. The old saying goes, â€Å"Lessons learned hard are learned best.† Some former Enron employees are embittered by the way they have been treated by the company that was once â€Å"the best in the business.† Others disagree. In the words of one of my former students who is still hanging on: â€Å"Just for the record, my time and experience at Enron have been nothing short of fantastic. I could not have asked for a better place to be or better people to work with. Please, though, remember this: Never take customer and employee confidence for granted. That confidence is easy to lose and tough—to impossible—to regain.†

Fairy Tales Essay

Fairy tales are often considered to be for children. However an analysis of the collection of stories by the Brothers Grimm shows that they all have message to deliver, even to young adults. In today’s rat race, young adults often forget the importance of little things that we learnt as children. Everyone knows what morals are, however theoretically. People today, are always in a great hurry. More often than not when someone’s in trouble, they would do anything to get out of the situation. Under such circumstances people make false promises. The story of the Frog King touches upon this aspect of human behavior. The princess promises the frog that all his demands will be met if he retrieves her golden ball. However on receiving the ball, she blissfully forgets her promise and runs away without the frog. However, when the frog turns up at her door, she has to fulfill her promise at her father’s insistence. This story highlights the fact that promises are meant to be kept and not broken. It emphasizes the point that people should learn to honor their word, for a promise breeds trust and trust should never be broken. Young adults also put too much by store on the appearance of things. This many a times proves to be a booby trap, as expectations are rarely met in such circumstances. This aspect is touched upon in both the stories, the Frog King and Hansel and Gretel. In the latter, the brother and sister are in awe of the candy house and trust the old woman to be nice. It’s only a little later that they realize the witch’s wicked intentions. Their false judgment of the witch on the basis of the house she lived in put their life in danger. In the Frog King the princess was reluctant to fulfill her promises because she found the frog repulsive, who later turned out to be a handsome prince. The stories teach us that not everything thing that glitters is gold and that we should never judge a book by its cover. Fairy tales enthrall not only ones imagination, they also serve the purpose of delivering important messages. The subtlety with which the message is delivered is plausible. The use of metaphors is most common in the fairy tales of the Brothers Grimm. The style in which the message is delivered is both entertaining and instructive. In the story of Little   Red Cap, the message that people who commit evil deeds can never escape their fate is beautifully stated by the following statement –‘They filled the wolf’s body with them, and when he woke up and tried to run away, the stones were so heavy that he fell down dead.’ This states that one’s evil deeds weigh down upon him/her and become the cause of their death in the end. This line uses a beautiful metaphorical sentence to convey the message, where the stones are the evil deeds committed. In the story flowers and emotional attachment are shown as distractions that steer people away from their path. The wolf realizes that Little Red Cap greatly lover her grandmother and in order to delay her distracted her with the beautiful flowers she could take for her grandmother. Greed can never be satiated and always leads to something unwanted are stated in the story of Rapunzel. The object of greed in the story is the rampion that Rapunzel’s mother craves for. Despite her husband satisfying her cravings once she wants more. This ultimately leads to her losing her daughter in a bargain to the wicked witch. To summarize, the stories of the Brother Grimm use beautiful imagery and metaphors to deliver yet important messages that many seem to forget in a hurry.

Design of Single Mode TE Mode Optical Polarizers

Design of Single manner TE mode optical Polarizer Using Silicon Oxynitide multilayed wave guide Abstraction–A Si oxynitride ( SiON ) guided movie is used as multilayered wave guide and utilizing transportation matrix method.We propose the application of wave guide as a TE-Pass polarizer and TM-Pass polarizer holding a passband in the 3rd optical communicating window of 1550 nanometer. Polarizer is cardinal constituent for devices which require a individual polarisation for their operation. Most of the polarizers use metal clad wave guides with proper thickness and refractile index of screen and substrate. Index Terms— Optical Polarizer, Multi-layered wave guide, TE manner, Silicon oxynitrideIntroductionOptical wave guide: An optical wave guide is a physical construction that guides electromagnetic moving ridges in the optical spectrum. Common types of optical wave guides include optical fiber and rectangular wave guides. To manufacture a planing machine wave guide ( Fig.1 ) , normally a movie ( refractile index) , with a screen bed ( refractile index) , is grown on a substrate ( refractile index) such thatSuch wave guides are known as asymmetric wave guides. For symmetric wave guide, the screen and substrate are fabricated with same stuff and the refractile indices are equal, i.e.. If there are more than one bed between Cover and Substrate, so such type of optical wave guides are known as Multilayer Waveguide. In a multi-layered wave guide, we have pick to manufacture as many beds as we required. We can choose the thickness of the beds and the type of the stuff harmonizing to our demand. Fig. 1 Geometry of 3-layer wave guide construction For a N-layer construction, theDefineframe receives the vacuity wavelength, the refractile index valuesns ( substrate ) , n1, †¦ , nN ( interior beds 1 to N ) , nc ( screen ) , and the thicknessest1, †¦ , tNof the interior beds. All dimensions are meant in microns. The figure illustrates the relevant geometry: Fig.2 Geometry of multilayer wave guide construction Multilayer wave guides are used in the execution of a assortment of optical devices including semiconducting material optical masers, modulators, wave guide polarisers, Bragg reflectors, and directional couplings. During the last 20 old ages, many efforts have been made to work out the moving ridge equation for the propagating manners in a general, lossless or lossy multilayer wave guide, in such a manner as to ease the design and optimisation of the above optical devices. TE-Pass Polarizer Silicon oxynitride ( SiON ) planar waveguide construction can be fabricated by utilizing plasma enhanced chemical vapor deposition ( PECVD ) . In this technique oxidization reaction is initiated by plasma instead than utilizing external warming beginning. Other techniques are runing technique, vapour stage deposition technique but CVD technique is superior. These wave guides find assorted applications in optical communicating particularly as wavelength filter, microresonator, modulator, polarisation splitter and 2nd harmonic generator. A SiON guided movie is used as multilayered wave guide and utilizing transportation matrix method we propose the application of wave guide as a TE-Pass polarizer and TM-Pass polarizer holding a passband in the 3rd optical communicating window of 1550 nanometer. Polarizer is cardinal constituent for devices which require a individual polarisation for their operation. Most of the polarizer usage metal clad wave guides with proper thickness and refractile index of screen and substrate. Multilayer wave guides are used in the execution of a assortment of optical devices including semiconducting material optical masers, modulators, waveguide polarizer, Bragg reflectors, and directional couplings. We propose a multilayered SiON wave guide fabricated on substrate and has metalas screen is shown in fig 2. The pick of SiON is made for its extremely desirable characteristics such as low interpolation loss, broad scope of refractile index tailoring and realisation of compact devices because of its low bending loss. The present constellation of optical polarizer will happen applications in incorporate optical circuits, signal processing from fiber ocular detectors and fiber gyroscopes. For the analysis of the wave guide we have used the transportation matrix preparation. Fig.3 Geometry of multilayer wave guide construction = refractile index of the screen = refractile index of the movie i=1, 2†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦r = refractile index of the substrate = thickness of the movie bed in micrometer = thickness of the movie bed in micrometer Figure 1:Formulation For the computation of extension invariable and ensuing extension manner profile of multi-layered wave guide, there are following methods: – 1. Disturbance Method ( 4-layer ) 2. Newton’s Method 3. Mode-matching method ( 5-layer construction ) 4. Transfer Matrix Formulation 5. Argument Principle Method The disturbance method for a lossless 5-layer construction, for a lossy 4-layer construction, and for a metal-clad wave guide was used to find the extension invariables and the ensuing propagating manner profiles. Newton’s method was used for metal-clad wave guides where the derived function of the scattering equation can be obtained analytically. A graphical method, every bit good as formal electromagnetic analysis methods such as the mode-matching method, was besides used. The disturbance method every bit good as Newton’s method can non easy be extended to multilayer constructions, since their attack is analytic and the expression involved become cumbersome. None of the above methods can easy foretell the figure of propagating manners supported by the multilayer construction. This is a serious job since there is no manner of cognizing when to halt seeking for new propagating manners or even if the wave guide really can back up any manner at all. In fact, an extra analysis must be used to find the figure of guided manners before using the zero-searching techniques. Even if the figure of bing propagating guided manners is given, there is no verification that all the manners will be found. All the above mentioned methods have serious jobs in turn uping closely spaced roots. Furthermore, all of them need an initial estimate near to the existent nothing. This initial estimation may be hard to happen, particularly for high-loss propagating manners where the popular disturbance method does non use. The method which we are utilizing, is based on complex figure theory. It is capable of happening the nothing or poles of any analytic map in the com plex plane. The scattering equation of a general multilayer wave guide is formed via the construct of thin-film transfer-matrix theory. After its uniqueness points are observed, the complex plane is divided into parts where the scattering equation is analytic, and all the zeros inside each part are found. In add-on, the method provides the figure of nothing or poles in each part. The transfer-matrix analysis provides an easy preparation of the multilayer construction job. The method will be presented for TE manners but the extension to TM manners is straightforward. Fig.4 TE-Pass Polarizer A multilayer nonmagnetic slab wave guide construction(  µ= µO) ,is shown in Fig. 2. The refractile index,,of the IThursdaybed can be complex in general, i.e. ,,where,is the extinction coefficient of the IThursdaybed and I = 1.. . ..randRis the layer figure. For aTelluriummanner propagating in the+way in the IThursdaybed, (tenI? x ? xi+1) , the electric field is,and the magnetic field in the same bed iswhereare the unit vectors in theten, Y, omegaway, severally,is the radian frequence, andis the complex extension invariable withandthe stage and the fading invariables severally 2.1TE Mode A multilayer nonmagnetic slab wave guide construction(  µ= µO) ,is shown in Fig. 3. The refractile index,,of the IThursdaybed can be complex in general, i.e. ,,where,is the extinction coefficient of the IThursdaybed and I = 1.. . ..randRis the layer figure. For aTelluriummanner propagating in the+way in the IThursdaybed, (tenI? x ? xi+1) , the electric field is,and the magnetic field in the same bed iswhereare the unit vectors in theten, Y, omegaway, severally,is the radian frequence, andis the complex extension invariable withandthe stage and the fading invariables severally By utilizing Maxwell’s differential equations, we get For TE manner, = 0, merelyconstituents will show. So by work outing above two Maxwell’s equations, we get ( 1 ) ( 2 ) ( 3 ) ( 6 ) whereis the freespace permittivity,and, c is the velocity of the visible radiation in the freespace andis the freespace wavelength. The electric and magnetic The Electric and Magnetic digressive Fieldss within the IThursdaybed are solutions of above equation, and can be written as = AI+ BI( 7 a ) =j( 7 B ) When we apply boundary status at=in equations ( 7 a ) and ( 7 B ) , so we will acquire ( 8 ) =cos []+( 10 a ) ( 10 B ) Adding equation ( 10 a ) and ( 10 B ) ( 11 ) Using the continuity of the digressive Fieldss at any layer interface in the multilayer construction, the Fieldss digressive to the boundaries at the top of the substrate bed,and at the underside of the screen bed,, are related via the matrix merchandise =[( 12 ) Where for one = 1,2†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. , R( 13 ) Are the transportation matrices for all of theRbeds holding thickness. For propagating manners, the digressive Fieldss at the boundaries must be exponentially disintegrating holding the signifier ( 14 ) And ( 15 ) Where, From equation ( 12 ) , we get The extinction ratio ( PER ) is defined as the ratio of power staying ( at the end product terminal ) in themanner () to the power staying ( at the end product terminal ) in themanner () , expressed in dBs. In add-on, the interpolation loss ( PIL ) is defined as the power loss associated with themanner. Frankincense: PER= 10 PER=Loss in dubnium?Loss in dubnium PIL= 10() PIL=Loss in dubnium The above equations assume that the inputmanner has unit power at the input terminal of the polarizer. In order to hold a good TE-pass polarizer, we require the power staying in the desiredmanner at the end product terminal of the polarizer to be every bit high as possible. Hence a low value of PIL is desirable. The effectivity of the polarizer in know aparting against the transition of themode comparative to themanner is measured by the PER parametric quantity. Therefore, this parametric quantity should be every bit high as possible. Hence, we require a high PER and at the same time a low PIL. Figure 5.1: Effective index w.r.t.normalized movie Figure 5.2: Loss w.r.t.normalized movie bed Fig. 5.3: Effective index w.r.t.normalized movie bed Fig. 5.4: Loss w.r.t.normalized movie bed Decision First of wholly, we have checked the map of TE manner by utilizing transportation matrix method [ 2 ] . The value of stage changeless and fading invariable for 6-layer Lossy Dielectric Waveguide are available. The available informations were calculated by the method of Argument Principle ( APM ) . Transportation Matrix method has been used to analyze a four superimposed waveguide dwelling of SiON as guiding movie. On this footing, we have designed TE base on balls polarizer. The scope of SiON movie thickness was estimated so that merely the cardinal pervert TE0is supported. The computations showed that in the thickness scope of 0.7 µm -2.2  µm of SiON, the wave guide supports merely TE0manner. In TE manner base on balls polarizer, the loss of TE manner is in the scope of 0.2 – 2.5 dB/cm and for TM mode its scope is 40 – 45 dB/cm, which rather higher in comparing to TE manner. So in this type of constellation of four bed wave guide, merely TE manner will go through. Mentions [ 1 ] Vishnu Priye, Bishnu P.Pal, and K.Thyagarajan, â€Å" Analysis and Design of a Novel Leaky YIG Film Guided Wave Optical Isolator, †J. Lightwave Technol. , vol. 16, No.2, February 1998 [ 2 ] Anemogiannis and E.N.Glytis, â€Å"Multilayer waveguides: Efficient numerical analysis of general constructions, †J. Lightwave Technol. , vol. 10, pp. 1344-1351, 1992 [ 3 ] M.Ajmal Khan and Hussain A. Jamid, â€Å" TE/TM Pass Guided Wave Optical Polarizer† , IEEETEM2003 [ 4 ] H.Kogelnik, Theory of Optical Waveguides in Guided-wave Optoelectronics, T. Tamir, Ed. New York: Springer-verlag, 1988 [ 5 ] AJOY K. GHATAK, K. THYAGARAJAN, AND M. R. SHENOY Numerical Analysis of Planar Optical Waveguides Using Matrix Approach [ 6 ] Ajoy Ghatak and K.Thyagarajan, â€Å" Optical Electronics’’ , Cambridge University Press [ 7 ] Joseph A Edminister and Vishnu Priye, â€Å"Electromagnetics Schaum’s Outline, Tata MacGraw Education Private Limited†

Absolutely True Diary of a Part-Time Indian by Sherman Alexie

They became very intimate and Arnold opened her mind and even told her how bad his life was. Likewise, Arnold became friends with a geek named Goudy, he told him he was a cartoonist. Arnold made his first bout against the university's basketball team and his former school, Wellpinit. Rowdy belonged to the Wellpinit team but eventually he defeated Arnold with his elbow to lose consciousness. In the next game with Wellpinit, the Reardan team triumph, but Arnold made me feel embarrassed. Sherman's part-time absolute real diary The absolute real diary of India by Alexei Sherman Aleksey explains the suffering of American high school students to Spokane in order to adapt to American cultural conditions. Arnold Spirit Jr. is a 14 year old high school freshman who experienced these experiences for himself. His poor career and a different culture made him the main target for the elimination and elimination of peers, and he also had difficulty in booking. I am 14 years old, I have been to 42 f unerals. This is truly the biggest difference between Indians and Caucasians. This novel is a good reading for those who are interested in the reality of cruel reality being reserved by many Indians but it can be very intense and emotional. - Gabe Moltz, grade 2021 Introduction Sherman Aleksey's part-time Indian absolute diary is a novel about Arnold's spirit (underage). The boy who came from SpookaneIndian Reservation decided to go to high school outside the reservation. bright future. - Absolute Real Diary of Perma Red and Part-time Indian In the past semester I read several books on Native American and its culture. The two most interesting books I found were the absolute real diary of the part-time Indian of Perma Red and Sherman Alex by Debra Magpie Earling. In each story, we will meet young people from reservations dealing with their local identity, love, loss and all that is between them.

THE IMPORTANCE OF THE COUNSELOR-CLIENT RELATIONSHIP (HEALTH Essay

THE IMPORTANCE OF THE COUNSELOR-CLIENT RELATIONSHIP (HEALTH COUNSELING) - Essay Example 301-304). Although these discoveries have proven more than useful for developing a thorough understanding of such complicated processes, but they have failed to produce a significant breakthrough in ameliorating the maladies associated with the brain. For the only answer for all these problems, lies within the human’s brain itself. The therapy for these ailments, collectively known as mental stress, is based on verbal communication and finding possible and feasible solutions to the problem and is known as Counseling (Blonna, pp. 12-18). This technique aims to resolve an issue related to physical or mental health and avoid costly and arduous medical procedures. Counseling involves a counselor and a client. The counselor is a therapist and guides the client in exploring possible solutions to the problem at hand. The counselor must work together with client by understanding the problem and complications associated to introduce positive changes in thinking patterns of the client. The follo wing essay highlights the importance of counselor-client relationship and the factors involved with it. Understanding of the importance of counselor-client relationship is essential to have an idea about the significance of counseling. This assists in recognizing the need for developing a good relationship between the two parties. Although the word counseling comes in several different contexts like genetic counseling, health counseling and career counseling, the basic theme is the joint effort made by the counselor and client to bring about productive changes in the client’s life by verbal communication and to discuss the possibilities that may bring an improvement in the client’s life. The significance of counseling is evident by the fact that seeking this type of therapy may prevent treatments such as medication or surgery. This is not

Women's Health. Health Care Disparity Essay Example | Topics and Well Written Essays - 500 words

Women's Health. Health Care Disparity - Essay Example There are factors that cause barriers for the people to get proper health care that they need. These factors are causing significant differences or gaps in the quality of health care received by the people. This means that there exists a disparity when it comes to health care. Health care disparity led to the unequal provision or access to health care services. The areas where health care disparities are attributed are the gender, race/ethnicity and the socioeconomic status determined by the income and level of education attained. Gender-based health care disparity caused the significant differences that exist in the quality of health care received by women and men. And because women’s bodies are different from men’s, they may also have different health care needs. But among women, there are also disparities in the quality of health care that they received. Some women may face barriers to health care. Their race/ethnicity, age and their socioeconomic status affect women ’s access to health care. Women’s health care use and health outcomes rely on the adequacy of access that they have to the health care services. Women’s access to health care also depends on their health insurance (AHQR, 2005).

The President Wants You to Organize Term Paper Example | Topics and Well Written Essays - 500 words

The President Wants You to Organize - Term Paper Example The article also depicts the upcoming of Lewis , the future leader of the labor party with a unique and powerful personality .Here the caption â€Å" The President wants you to organize â€Å" relates to the slogan spread by Lewis to his fellow workers working in coal mines in an attempt to work out their freedom. It conveys the message that ,the president wants to see a union of labor of coal miners across the country. Here the author is trying to say or argue that rich and powerful will always try to subordinate or exploit the poor and helpless. Here the indication is on the coal miners who are working in the unfavorable conditions with a meager wages and inferior facilities. Here the emphasis is on the President’s demand for unity among workers to gain power and freedom in their profession. Here the author is saying that the president wants to see unity among coal miners so that they can get facilities. The author is arguing about the truce between the industrialist and the labor class. The author is saying the in order for the laborers to bargain or demand; they should form a legal union .Labor’s right and freedom is the main content of this chapter and the call for unity is originating from the President. Along the chapter the author is projecting the fight of labor class for better wages and living circumstances against all odds. Here the chapter starts with the Presidents call for all skilled and unskilled workers to unite in an attempt to demand their human rights and freedom. Here the chapter explains the negativism in the life of coal mining labors and their struggle to earn decent wages and comfortable living situations. Unfortunately, all the authority lies under the strong and cruel hands of the industrialist. Here, Lewis is one personality who comes up front to assist the coal miners in formulating a labor union where in they can bargain for their human rights. The chapter explains about the will power and motivation of Lewis in