Overdraft is an interesting name for this film. This film is taking a look at the national debt of the United States and its ability to borrow and comparing it to an “overdraft” of a bank account. I don’t know if that is the correct representation, I would suspect “over loaned” or “stop borrowing money” might be a more appropriate title but that’s why Travelers pays people big money to come up with titles. More importantly the second part of the title “A nonpartisan look at the national debt” is a bit of a misnomer. From the people presented during the presentation and the speakers after the presentation it did not seem to be a “nonpartisan” presentation of the subject matter. Much of the information was presented purely from a financial perspective and our government does not operate under the same guidelines as business. There are moral and ethical implications as well as different motivations and priorities that are represented by our representative government. Many of these conflicting priorities and motivations have much to do with the current deficit and debt and how they are addressed and who will sacrifice should have been addressed more in the film. The film went into great detail about the implications of the debt and the deficits but I believe it did not give much context to the how we got into the deficits and debts in the first place and who was responsible for those that were working within the government. It also doesn’t take into account the financial
that if the number in the expense column is larger than the number in the income column is a recipe for financial ruin.
It is my assertion that financial literacy should be as common as Math, Science, English and Reading in our public schools across the United States. The approach should be 2-prong, addressing the basic financial educational needs and also identifying both the positive and negative attitudes and behaviors that can be responsible for either one’s financial success, or ruin. Combining…
Greece Debt Crisis
Greece started spiraling out of control financially in late 2009, which leaves them where the Europeans are today, debt. Greece government (Parliamentary Republic) relies on borrowed money to balance their books and begins to really get out of hand when credit rating agencies downgraded Greek government to “junk” pushing the cost of borrowing so high that the country effectively overdraft cancelled over night.
The general information on Greece would be that the government…
Strategy, Ethics and Forces
1. What is Cash Connections strategy?
* Differentiate itself from competitors to gain the largest piece of the $40 billion dollars of paid lending that the United States industry has to offer, while adhering to government restrictions and meeting customer’s needs.
Reference: Thompson, Peteraf, Gamble, and Strickland. P. (2010). Crafting and Executing Strategy: The Quest For Competitive Advantage Concepts and Cases (18th ed…
Law is a set of rules, enforceable by the courts, which regulate the government of the state and governs the relationship between the state and its citizens and between one citizen and another.
There are various ways in which the law may be classified; the most important are:
* Public and private law
* A) Public law is concerned with the relationship between the state and its citizens. Specialised areas are:
1. Constitutional law is concerned with the workings of the…
Fraud Detection and Forensic Accounting
¨ Fatma Ulucan Ozkul and Ayse Pamukcu ¸ ¸
Definitions of Fraud
A quick search for the meaning of fraud in the dictionary states that fraud is “deceit, impersonation with intent to deceive, criminal deception done with the intention of gaining an advantage.” The Institute of Turkish History explains the word fraud as “a deceptive trick, scam, game, artiﬁce, cabal which is committed to cheat, mislead someone” and “contributing something useless…