WorldCom and The Mississippi Scheme Scandals Essay example -- Finance A

WorldCom and The Mississippi Scheme are both large financial scandals that have occurred. WorldCom was a telecommunication company that overstated their cash flow by reporting $7.6 billion in operating expenses as capital expenses. WorldCom is the largest accounting scandal in US history as of March 2002. The Mississippi Scheme was a business scheme that destroyed the economy of France during the 1700’s. The scheme involved the loss of paper money’s purchasing power as a result of asset inflation. Both WorldCom and The Mississippi Scheme were frauds involving manipulation to create higher stock prices and dubious practices within the organizations to keep the public unaware. Bernie Ebbers was the founder and CEO of WorldCom. He took a small telecommunications firm and transformed it into an industry giant before it collapsed into bankruptcy in 2002. The stock prices of WorldCom began to fall in 2000 and in order to prevent the price from falling further WorldCom made mass loans to Ebbers to stop him from selling his stock. He initiated the fraud and false reporting. He did not give accounting details as to how the false reporting should occur but he did repeatedly say it was important to â€Å"make the numbers.† Scott Sullivan was the CFO and on the board of directors of WorldCom. He oversaw the conspiracy to hide operating expenses in order to improve reported profits of the company. He advised Bernie Ebbers to inform the public of the WorldCom’s deteriorating situation but Sullivan’s advice was not taken. Ebbers had instructed Sullivan to adjust the accounting numbers. David Myers was the controller of WorldCom. He instructed the accounting department to make billions of dollars in adjustments to financial state... ...t themselves. The Duke de Bourbon and the Prince de Conti were members of the council of the regency. They abused their positions and their influence to see that measures were taken to get the shares to rise while in their hands in order to make huge profits. This is similar to Ebbers and Sullivan selling shares of stock in 2000 when they had inside information that the stock price would be falling. Ebbers was offered a loan instead of selling his shares, though. WorldCom and the Mississippi Scheme were both major financial scandals of their time. These scandals have similarities and differences. WorldCom was the second largest phone company in the United States as of 1998. The Mississippi Scheme was a plan that affected every household in France during the 1700’s. Both scandals would never have occurred if the people in charge would not have been fraudulent.

This Room And Love After Love Comparison

Imtiaz Dharker's ‘This Room' is written to create an impression of seeking ‘freedom', where her room is ‘breaking out' and seeking ‘space, light and empty air'. In this poem dharker describes the room as going wild, with everything in it trying to escape to ‘freedom'. On the other hand, Derek Walcott's poem of ‘Love After Love' is telling us how to love our selves after ending a relationship or better how to love yourself before loving another. Walcott uses words such as elation and smile to show that his poem is all about learning, accepting and celebrating who you are. Dharker personifies the bed as ‘lifting out of its nightmares'. This shows that all negativity is being left behind, as chairs move out their usual ‘dark corners'. Alliteration and metaphors are also used to create an image and convey a sense of freedom as the chairs ‘crash through clouds'. In love after love, Walcott shows that learning to love yourself will not come immediately, but ‘the time will come'. He emphasizes that there is joy involved, as he says that it will be with ‘elation' as you ‘greet yourself' as you look at yourself in the mirror. The first stanza ends with the idea that you will smile at your self. Dharker's stanza three of ‘this room' goes on to carry the theme of celebration of the fact that life can be unpredictable. A description of the sounds and movements of the kitchen equipment that ‘bang together in celebration, clang' and eventually ‘fly' past the fan, they look to be following the chairs and bed upwards. The onomatopoeia also enhances the sound effects of the poem. In love after love, Walcott says ‘again the stranger who was yourself', conveys the idea that the person you use to be is like a stranger now. Walcott also uses religious diction, where he uses short imperative sentences, ‘give wine, give bread'. The religious words give a formal and caring tone to the poem. In ‘This Room', ‘no one is looking for the door' at the end of stanza three; this could either mean no one wants to leave this place because there is now a sense of celebration there or it could mean that, no one wants to use the easy way out, they want to have the feeling of expanding and growing, moving skywards and forward in life. ‘Love after love' is a poem that represents the internal thoughts of the writer. Walcott uses the phrase ‘peel your own images from the mirror'; here Walcott emphasizes that you're past, ‘all your life, whom you ignored' has value and helps for you to realise the importance of being comfortable and happy with who you are, accepting who you are. In ‘This Room', the 1st person is not used until the fourth stanza, ‘I'm wondering where I've left my feet'. Again emphasizing the point that that the atmosphere was exciting. The structure of the poem is not straightforward it is written in free verse although; Dharker uses enjambment to connect the fourth and fifth stanza witch is one line which emphasizes the ‘space' and ‘freedom'. ‘My hands are outside clapping', once again the writer emphasizes the idea of celebration. In love after love, Walcott uses enjambment to link one stanza with the next. In the third stanza he uses the imperative ‘take down the love letters from the book shelf'; the idea leads into the last stanza that continues with the ‘photographs, the desperate notes' which you should also take down. ‘Peel your own images from the mirror' and ‘Feast on your life'. Instead of reminding your self of your previous relationships and pictures of previous partners, Walcott wants us to look at our own life and appreciate who we are. In conclusion both poems have similar themes. The celebration of personal growth and expansion, accepting and being comfortable with who you are, are the key themes of the poems. Freedom is the most important thing and we should make the most of it in our lives. Both poems stress that the past should be left behind for example ‘lifting out of its nightmares' and ‘take down the love letters from the book shelf'. ‘This Room' is a metaphor for life' and ‘Love After Love' is about appreciating life. We should grow and think forwards.

Web Du Bois vs. Booker T. Washington Who Was Right

WEB Du Bois vs. Booker T. Washington: Who was right? by San Two great leaders of the black community in the late 19th and 20th century were W.E.B. Du Bois and Booker T. Washington. However, they sharply disagreed on strategies for black social and economic progress. Their opposing philosophies can be found in much of todays discussions over how to end class and racial injustice, what is the role of black leadership, and what do the haves owe the have-nots in the black community. W.E.B. DuBois was born on February 23, 1868 in Great Barrington, Massachusetts. He died August 27, 1963 but not before he was known as a historian,professor writer, editor, sociologist and my favorite , the radicalist. Du Bois grew up in a single parent home†¦show more content†¦Washington preached about self-help, separation of the races, and accommodation. He urged blacks to accept discrimination for the time being and concentrate on elevating themselves through hard work and material prosperity. Washington believed in education, industrial and farming skills and themes of patience, owning busineses and thrift. This, he belived, would win the respect of whites and lead to African Americans being fully accepted as citizens and integrated into all stagesof society. Washingtons thinking was one of accommodation to white oppression. He advised blacks to trust southern whites and accept the fact of white supremacy. He stressed the interdependence of blacks and whites in the Sou th, but said they were to remain socially separate: One of Washingtons famous quotes was In all things that are purely social we can be as separate as the fingers, yet one as the hand in all things essential to mutual progress. Up from slaves 1901p.Washington counseled blacks to remain in the South, obtain a useful education, save their money, work hard, and purchase property. By doing such things, Washington believed, the Negro could one day be a full fledge citizen. White Americans were happy with Washingtons ideas , and made him the national Negro leader. Northern whites saw in Washingtons a peace formula between the races in the South.Show MoreRelatedBooker T Washington Vs W. E. B De Dubois Essay1445 Words   |  6 Pagespeople that our similar but at the time have different ways of life come together to achieve the same goal?Imagine 30 years after slavery ended you because of the color of your skin are still being mistreated. During the time of Booker and W.E.B the Jim crow law was created to segregate blacks and whites. Because of the segregation blacks had their own society like community only dealing with each other. Blacks were separated from society, they had their own neighborhoods buildings they only usedRead MoreA Comparison Of Booker T Washington And W. E. De Dubois1532 Words   |  7 Pagesskin are still being mistreated. During the time of Booker and W.E.B the Jim crow law was created to segregate blacks and whites. Because of the segregation blacks had their own society like community only dealing with each other. Blacks were separated from society, they had their own neighborhoods buildings they only used, and lived in only cities. During the time blacks were wrongly accused of lots of crimes and were more mistreated. Lynching was really prominent at the time. Many blacks were putRead MoreThe Effectiveness of Martin Luther King Jr, as Opposed to Booker T. Washington, W.E.B. Dubois and Malcom X2045 Words   |  9 PagesInfluence of One Man After slavery was abolished, African Americans worked to integrate into mainstream American society. During the twentieth century many African American civil rights leaders led the African American civil rights movement. All of them had different ideas and approaches to further improve the status for the African American individual in attempt to gain civil equality. The pioneer civil rights leaders of the twentieth century were Booker T. Washington and W.E.B. Dubois. Their respected