Act utilitarianism vs Rule utilitarianism Essay Example

Act utilitarianism vs Rule utilitarianism Paper Although Utilitarianism as a whole is a complicated and flawed ideology, Rule Utilitarianism (the more sympathetic concept of the two) tends to be more plausible than Act Utilitarianism. However Rule Utilitarianism is not without its own flaws that critics of JS Mill indicate. Critics of JS Mill say that Act Utilitarianism is more plausible because with Rule Utilitarianism, moral laws conflict, for example, the right to be free from hunger and want seems logical but destroying the rainforests to provide food goes against other Utilitarianism principles, whereas in Act Utilitarianism, according to Sidgwick, it is possible that an act may be moral and immoral at the same time. For Sidgwick, when making a moral decision you must respond to the immediate consequences of your actions but not the long term effect, as it isnt possible to be certain about the long term effects. Critics of Bentham and Sidgwick however would say that Rule Utilitarianism is more plausible because Rule Utilitarians believe that it is the quality of an act that is more important and not the greatest good for the greatest number as suggested by Bentham. Mill also believed that without individual liberty, societys happiness is not possible, which makes Rule Utilitarianism more plausible as it coincides with human rights whereas Bentham thinks that Human rights are ridiculous. We will write a custom essay sample on Act utilitarianism vs Rule utilitarianism specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Act utilitarianism vs Rule utilitarianism specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Act utilitarianism vs Rule utilitarianism specifically for you FOR ONLY $16.38 $13.9/page Hire Writer According to Bentham, Act Utilitarianism is more plausible because it provides the greatest goo for the greatest number through the use of the hedonic calculus. By using the Hedonic calculus, one is able to maximise pleasure and minimise pain. The Hedonic calculus Is the test for all practical decisions and is an easy way to provide the greatest overall happiness for all sentient beings such as humans. The concept of the Hedonic Calculus for philosophers such as Mill, Brandt and Austin was far too complex and they considered it to be an impossible ideal to apply the hedonic calculus when making all decisions, especially when there is not time to carefully think about making a decision. Furthermore, Act Utilitarianism consider maims to be rules of thumb that can be disregarded in certain circumstances, whereas rule Utilitarians believe all moral laws must be obeyed. Rather than following the Hedonic Calculus, Rule Utilitarians instead made a set of general rules selected on the basis of whether they will maximise general good or welfare in society. These general rules apply the Principle of Utility so it is easier to apply them in everyday life, therefore making moral decision making a much easier and less complicated situation. In conclusion, Both act and Rule Utilitarianism have their flaws but overall, Rule Utilitarianism is more plausible than Act Utilitarianism because through Rule Utilitarianism it is easier to apply rules and moral laws and one focuses on the quality of happiness rather than the quantity, which can often lead to impractical decision making (for Act Utilitarians.)

Free Essays on Hydroforming

Hydroforming – the futuristic creation of steel framing using water pressure Since the beginning of the horse drawn carriage people have relied on some sort of vehicle to help transport them from one place to another. Although people may have taken these carriages for granted there was a definite science to the creation of these various types of vehicles. A critical element in how these vehicles were constructed was by a Master. Before he was a master he had to learn the many necessary skills to design and build carriages. During the application of his craft as a professional the master craftsman had to use all of the theory and tools to work with wood, necessary in early frame construction. In working with these materials the master eventually learned what would work and what would not work in making his designs. The basis of the carriage, the frame was probably the most important component of the carriage in that all the weight of the body rests upon this basic platform. Without this platform the carriage lacked the rigidity to withstand the pressure of its own weight much like the keel of a ship. Problems like doors that closed evenly and solidly would not work without this type of support to balance the weight of the carriage. ( Hauer) Current frame production uses rails that are cut and welded together in much the same way as early frames during the beginning of motorized vehicles. A new way to produce these vehicle frames is called hydroforming. Hydroforming is a process that uses internal hydraulic water pressure to bend or force metal to take the shape of a die. ( Hauhinco) During the hydroforming process, the hydraulic liquid presses the piece outward towards the die. Simultaneously, cylinders push in from the ends of the die with material where needed. The relationship between the increase in pressure in the liquid and the increase in axial force is a very important part of hydroforming. ( Lundqvist) The Truck... Free Essays on Hydroforming Free Essays on Hydroforming Hydroforming – the futuristic creation of steel framing using water pressure Since the beginning of the horse drawn carriage people have relied on some sort of vehicle to help transport them from one place to another. Although people may have taken these carriages for granted there was a definite science to the creation of these various types of vehicles. A critical element in how these vehicles were constructed was by a Master. Before he was a master he had to learn the many necessary skills to design and build carriages. During the application of his craft as a professional the master craftsman had to use all of the theory and tools to work with wood, necessary in early frame construction. In working with these materials the master eventually learned what would work and what would not work in making his designs. The basis of the carriage, the frame was probably the most important component of the carriage in that all the weight of the body rests upon this basic platform. Without this platform the carriage lacked the rigidity to withstand the pressure of its own weight much like the keel of a ship. Problems like doors that closed evenly and solidly would not work without this type of support to balance the weight of the carriage. ( Hauer) Current frame production uses rails that are cut and welded together in much the same way as early frames during the beginning of motorized vehicles. A new way to produce these vehicle frames is called hydroforming. Hydroforming is a process that uses internal hydraulic water pressure to bend or force metal to take the shape of a die. ( Hauhinco) During the hydroforming process, the hydraulic liquid presses the piece outward towards the die. Simultaneously, cylinders push in from the ends of the die with material where needed. The relationship between the increase in pressure in the liquid and the increase in axial force is a very important part of hydroforming. ( Lundqvist) The Truck...

Statistics on Victoria, the Capital of British Columbia, Canada

Statistics on Victoria, the Capital of British Columbia, Canada Victoria is the capital city of the province of British Columbia, Canada. Victoria is a gateway to the Pacific Rim, is close to U.S. Markets, and has many sea and air links that make it a business hub. With the mildest climate in Canada, Victoria is known for its gardens and is a clean and charming city. Victoria holds many reminders of both its native and British heritage, and views of totem poles combine with afternoon tea. The focus of downtown Victoria is the inner harbor, overlooked by the Parliament Buildings and the historic Fairmont Empress Hotel. Location of Victoria, British Columbia Victoria is located on the southern tip of Vancouver Island.See a  map of Victoria Area 19.47 sq. km (7.52 sq. miles) (Statistics Canada, 2011 Census) Population 80,017 (Statistics Canada, 2011 Census) Date Victoria Incorporated as a City 1862 Date Victoria Became the Capital City of British Columbia 1871 Government of the City of Victoria After the 2014 election, Victoria municipal elections will be held every four years rather than three. Date of the last Victoria municipal election: Saturday, November 15, 2014 Victorias city council is made up of nine elected representatives: one mayor and eight city councillors. Victoria Mayor Lisa HelpsVictoria City Councillors Victoria Attractions Major attractions in the capital city include: Parliament Buildings, home of the BC Legislative AssemblyButchart GardensRoyal BC MuseumMaritime Museum of BCFairmont Empress HotelTrans Canada Trail Weather in Victoria Victoria has the mildest climate in Canada, and with an eight-month frost-free season flowers bloom year-round. The average annual rainfall for Victoria is 66.5 cm (26.2 in.), far less than in Vancouver, BC or New York City. Summers in Victoria are pleasantly warm and dry with an average maximum temperature in July and August of 21.8 °C (71 °F). Victoria winters are mild, with rain and the occasional light snow. The average temperature in January is 3 °C (38 °F). Spring can start as early as February. City of Victoria Official Site City of Victoria Capital Cities of Canada For information on the other capital cities in Canada, see Capital Cities of Canada.

Banking and Finance Law Essay Example | Topics and Well Written Essays - 1250 words

Banking and Finance Law - Essay Example In the case at bar, the role of Bank A is an arranger as it is representing the borrower and not the participating banks, therefore, its obligations centered upon the borrower. Generally, the functions of the arranger starts upon its acceptance of the offer to arrange from the borrow and shall subsist until the time that the facility shall have been executed or in case of syndicated loan, its duties and obligations shall be deemed fulfilled at syndication when the participant banks are brought into direct contractual relations with the borrower2. Part of the duties of the arranger is to assist the borrower in drafting the Information Memorandum (IM), which will be circulated to prospective lenders/investors or in the case of syndication, to participating banks. Note that the IM is an instrument, which will be relied upon by the participating bank in assessing the nature of the investment and risk involved thereon. By this token, English law so for measures that will ensure that the p articipating bank will not be misled by unfounded claims set in the IM. The obligations of the arranger towards the participating banks in the case of syndication arise particularly during the negotiation stage and before the signing of the instruments of documents ratifying the facility. Breach of obligation to disclose the full state of the borrower or the misrepresentation of facts in the IM whether it is fraudulent or negligent in nature would give rise to both statutory breach and violation of established case laws. Fraudulent misrepresentation is the act of giving information knowing fully that it is not true. Fraud can also be deemed present where the arranger recklessly gives information without ascertaining its veracity and rending the facts disclosed as misleading. The key in this situation is that there is deceit in the act of the arranger as opposed to an innocent misrepresentation where the arranger believed in good faith in the truthfulness of the data disclosed.

Mortgage fraud Term Paper Example | Topics and Well Written Essays - 3000 words

Mortgage fraud - Term Paper Example This research will begin with the statement that the dream of owning a home is running away from reality due to the increase in the number mortgage frauds. Misguided real estate professionals and dishonesty homeowners are fleecing homeowners billions of dollars through mortgage scams. Mortgage fraud can be defined as the intentional misrepresentations, omissions to fund or secure a loan that is designed to acquire mortgage financing using fraudulent or stolen identification documents or false financial and income statements. Inflated real estate properties and high property taxes have made homeownership rarely accessible to the honest citizens. Statistics from the Federal Bureau of Investigation show that real estate fraud is the most rampant white –collar crime in the United States. From 2003-2004, mortgage fraud crime rates increased by 146% while during the period 2004-2005, the rate increased further by another 29%. According to industry figures, losses from real estate fr auds run in to millions of dollars annually in Canada. Most criminal groupings are responsible for the mortgage scams. Mortgages frauds leave individuals with high property taxes, inflated property prices and adverse credit histories. In Canada, mortgage fraud is mainly concentrated in Ontario and Alberta though some cases occur in other Cities. Combating mortgage fraud has not been possible since as soon a law is enacted, the con artists devise other loopholes in the real estate market which they use to defraud the homeowners. 4. The crime is becoming more sophisticated due to technological innovations which have made it easy for the criminal groups to obtain personal information like identification and financial statements through the internet. Majority of the financial institutions depend on automated systems to underwrite and value the property, to conduct financial strengths and capabilities of the borrower and to generate financial statements hence it is difficult for the lend er to detect the fraudulent and falsified financial statements5. Risk factors for mortgage frauds Political, social economic and technological advancements can impact on the magnitude of mortgage frauds. The competitive banking industry during periods of economic boom and the customer pressures for the mortgage interest rates have increased rates of mortgage crime. Financial institutions avoid losing commissions and fees thus they may not conduct due diligence in mortgage approvals6. Technological innovations such as the internet communications and e-commerce involve widespread exchange of personal information and identity documents over the internet. Criminals may fraudulently obtain personal information over the internet thus using it to defraud the customer or acquire mortgages fraudulently. Criminal gangs are also utilizing the internet to conduct their illegal activities since with modern communications individuals do not need to physically meet in order to conduct a business t ransaction7. Mortgage frauds mainly involve numerous players in the financial industry insiders. Vendors, lawyers, credit rating agencies and real estate agents and mortgage brokers knowingly give consent to the use of false financial statements or will conduct false appraisals of the financial strength of the purchaser. Fraud for property also occurs when dishonest lenders lead the borrowers to buying houses which they may not be able to service. The lenders assist the borrower to submit false financial statements, income and asset records8. Types of mortgage frauds There are numerous types of frauds involved in the real estate industry. The frauds range from undisclosed kickbacks to falsifying income and employment information. The first type of mortgage fraud is the occupancy fraud. The fraud occurs when the mortgage borrower anticipates acquiring an investment property and states in his or her loan application documents that the property will be a second home or the

Private Equity Deals Essay Example for Free

Private Equity Deals Essay Private equity can be described as investing in a company through a negotiated process. Investment entails transformational, value-added and active management strategy. Private Equity investments can be undertaken following three categories. These are venture capital, Buy-out and special situation investment. Venture capital can be described as an investment to create a new company or expand a smaller company that is presently undeveloped. Buy-out investment involves acquisition of a significant portion of investment in a mature company so as to gain control or ownership of the company. Special situation investment involves changing government regulations or industry trends on investment due to availability of opportunity (Robinson and Cottrell, 2007). This paper will broadly analyze buy out investment in detail, discussing its history, growth, merits and failures.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Private equity firms accrue interest on investment through any of the three ways. These include an IPO, sale or merger and recapitalisation. Private equity firms sell unlisted securities directly to investors through private offering or private equity fund which attracts different sources of contributions from small investors who prefer to invest directly to investors due to the risks associated with private equity funds. Private equity fund require a large amount of money to allow entry which cannot be afforded by most private equity firms. Moreover Private equity firms prefer to invest in firms or investors where the firm can accrue returns after a short duration unlike private equity funds which can take up to twelve years to accrue interests. Private equity firms evaluate availability of opportunity to avoid investing in a failing company which, led to heavy capital losses by the firm. The risk has been noted to be higher in venture capital funds (Lasen, 2006).   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Private equity industry was begun in 1946 by the American Research and Development Corporation (ARD) to encourage private institutions provides funding to soldiers who returned from World War II. ARD aimed to provide skills and funding to the management and this would stimulate success of the companies accrue profits. The success of the industry led to permeation of few wealthy families into the industry in 1970s. The industry focussed more on debt financed leveraged buy-outs (LBOs)   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   A Leveraged buy-out (LBO) occurs when a financial sponsor gains control of a majority of a target company’s stock ownership through the use of borrowed money or debt (Lasen, 2006). A Leveraged buy-out is a widely used strategy where a company acquires another company through significant amount of borrowed money. In most cases, the assets of the acquiring company and the company being acquired are used as security for the loans. Leveraged buyouts allow companies to make acquisitions without committing a lot of capital. In an LBO 70% debt to 30% equity ration is allowed though the debt can amount 90% top 95% of target Company total capitalisation. Private equity firm prefer to sue leveraged buyouts for two reasons. Use of debt that is widely used in US increased financial return to the private equity sponsor. Debts are exempted from taxation and hence the returns from debt are greater that from cash (Lasen, 2006; Robinson and Cottrell, 2007).   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Many countries for example Germany have introduced new tax laws with an aim of discouraging leveraged buyouts through reduction of tax shield effectiveness. The performance of private equity firms that used LBO as their main source of financing went into bankruptcy in 1980s and 1980s.   The insolvency was largely contributed by excessive debt financing amounting up to 97%. This led to higher interest payment that exceeded the company’s operating cash flow. Most companies were taken over by other companies and government.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   In the recent past private equity industry has experienced a boom as noted in Great Britain as well as USA. Most pension scheme companies have invested in private equity firms and in particular LBOs. The size of private equity pool increased by 37% in 1994 in Great Britain. There is great disparity between foreign private equity pool and United States which present possibility of future growth. The rapid growth in the private equity industry has led to poor returns on capital invested. The returns from public equity deals are higher and this challenges the stability of private equity industry in using LBOs as way of financing (Clark and Whiteside, 2003).   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   PED projects were initially known to have positive impact in paediatrics industry. The PED projects however are on the decline. This can be attributed to poor management and appointment of nationals who have worked in public service to oversee them yet they have little experience or knowledge that is needed. The PED has encountered pressure from fear of disappointing former and future employees and this has in most cases resulted in failure or problem in implementation of the projects (Saylor, Swenson, Reynolds and Taylor, 1999). References Clark, G. L., Whiteside, N. (2003) Pension Security in the 21st Century: Redrawing the Public-Private Debate. Oxford: Oxford University Press. Robinson, M. J., Cottrell, T. J â€Å"Investment Patterns of Informal Investors in the Alberta Private Equity Market† Journal of Small Business Management, 45, (2007):11-89. Larsen, D. L. â€Å"Challenges to the Private Equity Industry† Journal of Accountancy, 202, (2006):112-156. Saylor, C. F., Swenson, C., Reynolds, S., and Taylor, M â€Å"The Paediatric Emotional Distress Scale: a Brief Screening Measure for Young Children Exposed to Traumatic Events.† Journal of Clinical Child Psychology. 28.1. (1999): 34-70.

School Violence :: School Violence Essays

Youth Violence: A Report of the Surgeon General. Chapter 4-Risk Factors for Youth Violence. 2000. ww.surgeongeneral.gov/library/youthviolence/report.html This Web site explains that risk factors for violence are not static. Their predictive value changes depending on when they occur in a young person's development, in what social context, and under what circumstances. Risk factors may be found in the individual, the environment, or the individual's ability to respond to the demands or requirements of the environment. Some factors come into play during childhood or even earlier, whereas others do not appear until adolescence. Some involve the family, others the neighborhood, the school, or the peer group. Some become less important as a person matures. Somewhat informative but not sure if I want to use this source. Alexander Volokh with Lisa Snell. School Violence Prevention: Strategies to Keep Schools Safe. www.rppi.org/ps234.html. This site addresses that school violence is a serious problem, especially in public schools. Improving the quality of American education is difficult without also addressing school violence, since regardless of how good the teachers or curriculum are, violence makes it difficult for students to learn. School violence wears many faces. It includes gang activity, locker thefts, bullying and intimidation, gun use, assault—just about anything that produces a victim. Violence is perpetrated against students, teachers, and staff, and ranges from intentional vendettas to accidental killings of bystanders. Often, discussions of school violence are lumped together with discussions of school discipline generally, as both involve questions of how to maintain order in a school. This is a well informed site. Monica Davey and Jodi Wilgoren. Signs of Danger were missed in a Troubled Teenager’s Life. 24 Mar. 2005. www.nytimes.com .Some who knew Jeff Weise say they wonder why someone did not see his eruption coming months, or even years, ago. Here was the threat Mr. Wse, 16, once made on his own life, sending him away from his home on the Red Lake Indian Reservation for psychiatric treatment. There were the pictures of bloodied bodies and guns he drew and shared freely with classmates. There was the story he apparently wrote about a shooting spree at a school in a small town. This doesn’t seem to be such an important source for a paper. Dr. Peter. R. Breggin. Eric Harris Was Taking Luvox ( A Prozac-like drug) at the Time of the Littleton Murders. 30 Apr. 1999. www.breggin.com/luvox.html. In this site Dr. Breggin confirms that Eric Harris, was taking Luvox.