ESL Cause and Effect Essay Example | Topics and Well Written Essays - 1000 words

ESL Cause and Effect - Essay Example Those native in a country expect that immigrants should get integrated into the society. One of the ways this is expected to be achieved, is by having those individuals learning the language of the country and with respect to America, students are required to study English (Kessler& Quinn, 1982). Thus it was thought necessary that the way to assimilate different culture is through making English the uniform language of instruction. The assimilationist orientation was institutionalized by reducing public funding to private and church associated schools and banning bilingual programs in public schools. Bilingual textbooks were burnt with teachers were fired, taken to court, and convicted for clearing up concepts in childrens own native languages. Language minority students display low accomplishment in English only classrooms. When compared with the national norms, they are behind in every subject areas. In addition to losing their native languages, these students exhibit low achievement in English only classrooms. When compared with the national norms, they lag behind in all subject areas. A large number of them eventually drop out or are pushed out of school (Kessler& Quinn, 1982). Classrooms are full of students representing diverse cultural, ethnic, and national origins. They speak one of the many different immigrant languages back home, and have diverse religious, socioeconomic, and educational backgrounds. This means that different approaches would be required but this becomes quite difficult. School failure of language minority students is was attributed to childrens supposed inadequate intellectual, cognitive, and linguistic abilities. It was widely believed that knowing two languages resulted in mental confusion, subdued cognitive and academic development, and led to low achievement of language minority students. Another commonly held belief was that some ethnic groups were genetically

Risk Management Essay Example | Topics and Well Written Essays - 1000 words

Risk Management - Essay Example This paper will describe a risk context that may be faced by the top level executive of a bank while marketing it financial services. Risk contexts A bank executive normally faces different types of risks once the bank deals with ranges of transactions and uses a large amount of leverage every day. When a bank’s financial position becomes weak, naturally its depositors may withdraw their savings. Under such a difficult situation, the bank cannot sell debt securities in financial markets; and this condition would worsen the bank’s financial state. For instance, the major cause of 2007-2009 credit crisis can be attributed to the fear of bank failure. According to Pyle (2007), although a bank executive may share many of the same risks of other organizations, the major risks that really trouble an executive are liquidity risk, credit default risks, interest rate risks, and trading risks. Risk Identification and Analysis 1. Liquidity risk In case of a bank, the term liquidit y indicates its ability to pay bills and other payables, to repay money to a depositor, and to lend money to a borrower as part of bank’s credit policy. Hence, liquidity is the basic tool that is used to assess the financial viability of a bank. A bank executive faces great troubles while dealing with liquidity management because demands for funds are often unpredictable. Other off-balance sheet risks including loan commitments, letters of credit, and derivatives also constitute liquidity risks. A loan commitment indicates a line of credit that a bank issues on demand. Letters of credit are credit securities by which the bank guarantees that an importer will pay the exporter for imports or a commercial paper of bonds issuer will repay the principal. Finally, derivates are also an off balance sheet risk, which played a crucial role in the collapse of American International Group (AIG). 2. Credit Default Risks Credit default risk occurs when a borrower fails to repay the loan a mount. In general practice, loans are written off after a period of 90 days of nonpayment. Law demands banks to maintain a loan loss reserves account to cover the losses arising from unpaid loans. A bank executive or manager has the responsibility to ensure that the borrower has submitted collateral securities that are adequate to cover his loan amount. In addition, the bank executive has the primary responsibility to recover the loan amount from the borrower. Therefore, bank executives would be liable to answer the board of directors when a loan goes unpaid. 3. Interest Rate Risks Banks usually pay lower interests on its liabilities such as deposits and borrowings and charge higher interests on their assets such as loans and securities. Hence, it is obvious that difference in these interest rates is the main source of profit for any bank. However, a bank’s terms of liabilities are usually different from its terms of assets. In other words, interest rate paid on liabilities i s highly subjected to short term rate fluctuations while interest rate earned on assets is fixed. Sometimes, the interest rate variation may cause the bank to pay more for its liabilities and thus reducing the bank’s profit rates. Under such circumstances, a bank executive faces interest rate risk. Since the interest rate fluctuations are unpredictable, often a bank executive f