Margin Call Essay Example | Topics and Well Written Essays - 500 words

Margin Call - Essay Example Once customers realize what the company is doing, its actions will be exposed. This course of action was ethically questionable because it revolved around making false promises to customers who would have bought securities that would be worth nothing. The moral philosophy from which Jared and John justify their actions is through ethical relativism. While they would not normally take such drastic actions, they feel that the situation warrants quick thinking, and getting rid of all the company’s toxic assets would do just that. While it is easy to feel sympathy for the company and its perilous position, this does not justify the actions that were subsequently taken. If they had listened to Sam, then the management could have realized that following their course of action would only worsen the situation. The problem with ethical relativism is that decisions are based on circumstance rather than a set list of rules and regulations. The reason why corporate governance is important is because it prevents actions like the one John and Jared took. Although some financial laws may seem too restrictive, there is a need for greater regulatory control, as evidenced by the start of the global financial crisis in this movie. One moral philosophy that would have led to a different result is ethical fundamentalism. This philosophy holds the view that there is a clear right and wrong, and crossing the line can result in severe consequences. If John and Jared had adopted ethical fundamentalism as part of their decision making process, then they would know that selling of the firm’s toxic assets go against most thinking. Criticism of this moral philosophy would be that it does not allow freedom to make choices, but in actual fact it only provides boundaries by which to live by. If John and Jared would have following this thinking, the firm would have certainly experienced financial ruin, but at least some credibility would remain intact. Another moral

The Green Revolution Assignment Example | Topics and Well Written Essays - 500 words

The Green Revolution - Assignment Example During winter, I could specialize in wearing warm clothes instead of depending on heaters. I could resolve to using only the type of entertainment systems I am interested in at a particular time for example either a music system, radio or television. In addition, I could set the temperature of my water heater so that water cannot be heated to more than 120 iF. The California Energy Commission (2004) describes energy efficiency as doing the same job but using less energy. In this case, I could change my cooking methods for example using a crock pot or microwave and preparing several portions at once that will be packed separately and frozen for later use. I could also avoid making many dishes for one meal. Instead, I could make one-dish meals. Instead of using a drier to dry utensils, I could allow them to dry in the utensil. I could invest in energy efficient appliances for example shifting from using incandescent bulbs into using compact fluorescent lights (CFLs). If my heating coal supply came from Russia prices of electricity will change. According to Rosner (2009), the US produces more coal than Russia. This means it is cheaper to use this coal produced in the US than to import it from Russia. Importing coal will mean higher costs of production hence higher prices for electricity. One environmental law that is currently under debate before a state government is the Environment Protection and Biodiversity Conservation Act, EBPC Act, 1999. This is the main piece of legislation on the environment in Australia. It provided the Australian government with powers to regulate significant matters of biodiversity conservation and national environment. I support the reformation of this law because it will increase the effectiveness of the government in modern Australia. According to the Department of Sustainability, Environment, Water, Population and Communities (2011), the reform will make environmental conservation the foundation of