Dodd Frank Will Affect You


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The Dodd Frank Act came about in response to the Recession that happened in 2008.  The financial industry as we knew it was collapsing and bringing the entire economy down with it.  The government knew that something had to be done, and that it had to be done quick.   Therefore, they come up with the Dodd Frank Act which has two major overarching goals.  The first goal was to limit the risk of contemporary finance or in other words to revise financial reform.  The second objective is to limit the damage caused by a large financial institution.

While I do believe that financial reform was necessary, I don’t believe that this type of financial reform was quite what the economy needed.  I also don’t believe that the Dodd Frank Act was carried about in the way it was supposed to be.  The Dodd Frank Act has only been a third of the way passed and it has not made the significant impact on the economy that it promised.  It is also interesting to look at the two goals.  It is interesting that we are trying to limit financial risk with same policies that we argued against in the past.  Secondly, it is interesting that the government is funding large financial institutions in order so that they won’t cause a large damage to the economy if they fail.  If pumping millions of dollars will limit this risk I would appreciate you explaining it to me because I don’t get it.

The information on this more than 300 page act is unlimited.  I have done what I believe to be a good job of compiling this information into a 21 page report from the most reliable resources.  You choose: read my 21 page report double spaced or read a mind wrenching couple hundred page document.  Either way, I do suggest you read and educate yourself because this Act will affect all of you.

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NGOs in Sustainable Development


I attended the seminar regarding the prospective curriculum for the new “Management: Sustainability” major. I had expressed both at the panel and in class that I felt NGOs should be one of the central focuses of the curriculum, allow me to clarify in this weeks blog post by pulling from my written material and resources.

As I learned in my class taught by Professor Martin last year, sustainable development is a difficult term to define. Sustainable development is, in simplest terms, the act of sustaining development; thus, we must truly understand development before we attempt to make it sustainable. Development is anchored in the existence, and co-existence, of the Public Sector, the Private Sector, and the Non-Profit Sector (NGOs). The Non-Profit Sector is perhaps the most elusive and undervalued of the three sectors. It serves the function of indentifying the many things that the Private Sector could potentially profit from, and identifying the many things that the Public Sector could do a better job at.

To quote one of the readings we had, Jude Howell and Jenny Pearce, of Civil Society and Development, believe, “The non-profit sector operates as a sphere of economic activities that generates outputs in the form of schools, universities, hospitals, clinics, and soup kitchens. These in turn provide employment and income and add to the gross national product.” The Non-Profit Sector deals with the issues that are left untouched by the Public Sector and the Private Sector. Once the Non-Profit Sector identifies and alleviates some of the issues in society, the Private Sector enables profit to be made out of issues. The creation of the soup kitchen offers both the public good from civil society but it also employs the servers, the custodial staff, and the chefs, hence pouring profit and dollars into the Private Sector. The creation of the soup kitchen points to some detriments in society that the Public Sector might want to address. If the soup kitchen becomes of enough public interest then the Public Sector might very well begin spending its energy and time toward fixing the societal problem.

Development often arises out of the Non-Profit Sector and finds a more efficient and effective setting in the Public or Private Sectors, respectively. We do not live in a Utopian society, which means civil society will always have a place in the world. As long as there are problems, demands, what-have-you there will be NGOs attempting to make heads or tails of the situation. Development begins in the Non-Profit realm, which is why I believe the new Managing for Sustainability Majors must become well versed in NGOs.

Illuminate Yourself


Okay…it’s really ironic that “conspiracy theories” is the topic for this week’s blog posts. I have developed a recent obsession with the Illuminati. The Illuminati conspiracy is a conspiracy theory that holds that there is a global elite that is either in control of the world or is seeking to take control of the world. As with most conspiracy theories, beliefs regarding the Illuminati conspiracy vary widely. As a result, it is basically impossible for me to give you all a brief synopsis of the Illuminati conspiracy, but I will try my best to hit the main points.

Some background: The Illuminati started out as a secret society under the direction of Jesuit priests. Later, a council of five men, one for each of the points on the pentagram, formed what was called “The Ancient and Illuminated Seers of Bavaria.” Their alleged plan and purpose is can basically be summed up to complete world domination. The Illuminati are thought by some to be the primary forces encouraging global governance, a one-world religious ethic, and centralized control of the world’s economic systems. The United Nations, the International Monetary Fund, and the World Bank (to name a few), are all thought to be under the control of the Illuminati. According to the Illuminati conspiracy, the Illuminati are the driving force behind efforts to brainwash the world population through mind control and manipulation– whether it be through the press, education, or political leadership.

The Illuminati are alleged to have a private board of elite members (thought to include the top 1% global earners) who control the world’s major banks. According to the conspiracy theory, they create inflation, recessions, and depressions. They manipulate the world markets, and support certain leaders to advance their goals. It is hard to say what their ultimate goal is, but supposedly it is to create and manage crises (such as the Great Depression and Great Recession) that will eventually convince the global population that centralized economic control and a one-world religious ethic is the solution to all of the problems of the world that we face. This will come to be known as the “New World Order,” and will, of course, be ruled by the Illuminati.

There are signs of the Illuminati all around us. The most notable one that you are all familiar with is the United States dollar bill. You can see from this photo how it is thought to be connected to the Illuminati conspiracy theory.

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You may ask yourselves if their is any truth to this. For your entertainment I have attached a YouTube video that you may enjoy if you find yourself curious (or if you just want to scare the crap out of yourself). Decide for yourselves.

What do you think? Is there any truth to the Illuminati conspiracy theory? VOTE!!

Notes from class: February 21, 2013


Paper 2

Ethical Analysis + 1 Case

  • Nike – post 1998
  • Bear Stearns
  • Case study of country X
  • A. Anderson
  • Case of implementing “C Termism”
  • Apple
  • Foxconn
  • Windmill manufactures
  • Tesla
  • Interface

 

White Paper

Policy

  • Should there be derivative policy
  • Alternatives to social security
  • Does Sox work
  • International IP
  • Subsidies direct and indirect for energy sources which undermine any claims to an absolute “free market” price