Finance Faith Interation - 3463 Words

Faith Integration : Final Project Managerial Finance July 1, 2012 ABSTRACT This essay will provide a scriptural key to understanding the topics of finance in a Christian worldview perspective. The illustrations will be reflected through the events found in God’s word, providing a greater understanding into the relevance of the Bible in today’s economic world. It will show the importance of the integration of faith, as God has provided his wisdom for today in the illustrations of the Holy Word. Refer to II Timothy 3: 16 – 17; â€Å"All scripture is God-breathed and is useful for teaching, rebuking, correcting and training in righteousness, so that the servant of God may be thoroughly equipped†¦show more content†¦15). In 1Peter 5:2-4 we find these words: Be shepherds of God’s flock that is under your care, watching over them—not because you must, but because you are willing, as God wants you to be; not pursuing dishonest gain, but eager to serve; not lording it over those entrusted to you, but being examples to the flock. And when the Chief Shepherd appears, you will receive the crown of glory that will never fade awayâ€Å"(NIV, 2005, p. ). Leverage Financial leverage is a companys ability to pay its debt. It refers to the use of debt with the intention of increasing the potential return of an investment. This debt can increase returns on shareholder in good times and reduce them in bad times (Brealey, et al., 2012, p. 92). A Christian practicing in a financial advisor capacity is morally obligated to warn companies or consumers against becoming indebted if they are at a high risk of default. According to Liang (2007), biblical teachings provide many insights into the excessive use of debt in financial transactions. As confirmation, in Luke 14:28-30, you find these words: Suppose one of you wants to build a tower. Won’t you first sit down and estimate the cost to see if you have enough money to complete it? For if you lay the foundation and are not able to finish it, everyone who sees it will ridicule you, saying, ‘This person

History Of South American Poverty And The Development Of...

Liberation Theology â€Å"But the poor person does not exist as an inescapable fact of destiny. His or her existence is not politically neutral, and it is not ethically innocent. The poor are a by-product of the system in which we live and for which we are responsible. They are marginalized by our social and cultural world. They are the oppressed, exploited proletariat, robbed of the fruit of their labor and despoiled of their humanity. Hence the poverty of the poor is not a call to generous relief action, but demand that we go and build a different social order.†  ¹ ― Gustavo Gutierrez The history of South American Poverty and the development of Liberation Theology During the 1950s and 60s nationalistic consciousness and significant industrial development in the areas of Peron in Argentina, Vargas in Brazil and Cardenas in Mexico benefited the upper and middle classes. The casualties of these economic and regional changes were the poor peasantry who were pushed into a deeper marginalization and small depressed villages of shacks and huts. Dependent upon capitalism and subordination to rich nations, primarily the United States, led to widespread movements demanding changes in the socio-economic structure of the countries. Many of the movements accelerated into demonstrations and militant type activism. The dictatorships responded with a strong military response in reaction to the militants exerting extreme control over all demonstrations, which escalated into widespread acts ofShow MoreRelated Separation of Church and State in Latin America Essay7515 Words   |  31 PagesSeparation of Church and State in Latin America Throughout Latin American history, the Roman Catholic Church has played a tumultuous role, from passive soul saving to aggressive revolutionary actions. 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Los Angeles Riots Essay Research Paper Though free essay sample

Los Angeles Riots Essay, Research Paper Though sparked by the Rodney King finding of fact, there were many other causes of the public violences that erupted on the streets of Los Angeles on April 29, 1992. The Los Angeles public violences in 1992 were lay waste toing. The obvious issue portrayed through the media was black versus white. If you did non populate in Los Angeles or California opportunities are you did non hear full coverage of the narrative, you heard a simple cut and dry portraiture of the events in South Central. If you heard one thing about the public violences, it was that there was a adult male named Rodney King and he was a black male beaten with inordinate force by four white Los Angeles constabularies officers on Los Angeles concrete. The media portrayed the public violences as black fury on the streets due to the non guilty finding of fact of the four Los Angeles police officers that were confronting inordinate force charges. The non guilty finding of fact may hold been the initial cause, but the public violences were non about Rodney King, they were approximately greater issues. Some of these issues were black versus white, inkinesss and Hispanics versus the constabulary, inkinesss versus Koreans, and hapless versus rich. The public violences were make to all the underlying festering fury that had been constructing up in the occupants of Los Angeles and the incredulity that constabularies even when caught on tape, could acquire off with such ferociousness. Los Angeles was merely waiting for an event like the Rodney King finding of fact to detonate. All that was needed was that one flicker to light the choler in the citizens of South Central and do the country to detonate. South Central had been covering with important implicit in racial and economic jobs in the old ages since similar public violences in Watts in # 8216 ; 65. In 1965, steps taken to rectify the racial tenseness in the metropolis were begun. In an attempt to forestall future civil agitation in the metropolis, so Gov. Pat Brown commissioned a commission led by John McCone to look into the # 8220 ; underlying causes # 8221 ; of the # 8216 ; 65 public violences. The McCone Commission found that # 8220 ; poorness, racial divisions and other societal conditions helped trip the force # 8221 ; ( Pope ) . However, after the committees study, involvement in the Watts public violences faded and equal action was non taken to turn to these issues in the affected countries. At the decision of its probe, the McCone Commission cited that # 8220 ; so serious and so explosive is the state of affairs that, unless it is unbridled, the August public violences may look by comparing to be merely a curtain-raiser for what could blow up one twenty-four hours in the hereafter # 8221 ; ( Pope ) . Although the metropolis has changed in those old ages since the Watts public violences, unluckily, much has remained the same. This confession by the McCone Commission proved to be prophetical. The Watts public violences left 34 dead and 600 edifices damaged or destroyed. The # 8216 ; 92 public violences caused 52 human deaths, and more than 1,200 edifices were damaged or destroyed. An anon. adult male from Hollywood made a similar statement in # 8216 ; 92 after the public violences. He stated, # 8220 ; the finding of fact was merely the spark-this ( the public violence ) had been set for old ages before # 8221 ; ( Smith ) . The metropolis of Los Angeles is non a incorporate metropolis. Los Angeles consists of excessively many big sub metropoliss or communities to talk with one voice. There are many sub metropoliss in LA such as the Westside, Hollywood, the Valley, Downtown, and of class, South Central. To do things more hard, many of these sub metropoliss themselves are non unified. Due to their size, all of these communities are capable to their ain jobs, and it goes without stating that the jobs of South Central are non the same as the 1s in Hollywood. This is due to drastic demographic differences of each of the communities. South Central is made up of high per centums of minority citizens. While South Central LA has a high population of inkinesss, Hispanics and Asians, it has a low per centum of Whites. South Central is a reflecting illustration of a community divided. In Maxine Waters words, ( interior metropolis ) LA is full of excessively much hopelessness and desperation. LA author and critic Mi ke Davis supported Waters # 8217 ; statement by stating the divisions stem from interior metropolis kids # 8220 ; being so susceptible to despair. # 8221 ; The metropolis is at war with its childs. # 8220 ; LA needs to set out the resources to at least restore a connexion with the childs # 8221 ; ( Smith ) . Too many kids grow up to go gang members instead than professionals. Another job that causes division in LA is that the metropolis # 8217 ; s minorities are engaged in racial warfare. Blacks and Whites, and inkinesss and Koreans have drawn the largest conflict lines. Divisions with Whites rise out of the fact that Blacks in LA do non like the image that they are given through the media. Paula Weinstein sympathized with this emotion when she described a recent # 8220 ; media fest # 8221 ; in which they made white people scared of the African American community. Reginald Denny described jobs between races in footings of the overall attitude of people in LA as # 8220 ; giv e me what I need and jostle off. # 8221 ; His hope is that # 8220 ; people merely wake up # 8221 ; and # 8220 ; halt seeing colour, and see people as people. # 8221 ; Tensions between Koreans and inkinesss had been constructing for old ages before the King finding of fact until they eventually exploded. There were infinite Acts of the Apostless of force committed between Koreans and inkinesss that ranged non merely from plundering and combustion of Korean shops but to gun conflicts and shots. Walter Park, a good known Korean store proprietor was shot # 8220 ; about executing manner # 8221 ; by a black adult male who came up to his auto at a ruddy visible radiation, broke his window, and shot him in the caput merely for being Korean ( Smith ) . In response to the thought that inkinesss burned down their ain vicinities, Paul Parker, president for the Free the LA Four Plus defence commission stated, # 8220 ; No we didn # 8217 ; t, we burned down these Koreans in this vicinity # 8221 ; ( Smith ) . About 98 per centum of the shops burned down were Korean. He besides added, # 8220 ; You know, we got rid of all these small Korean spirits shops over here. We put them in check. # 8221 ; This tenseness between inkinesss and Koreans comes from a twosome of grounds, the first of which was summed up by Katie Miller. She states that Korean owners in South Central do non acquire to cognize the people who come into their shops. They do non esteem the people coming into their shop giving them their money. Alternatively the proprietors treat people like, # 8220 ; give me your money and acquire out of my face # 8221 ; ( Miller ) . Another one of the other main ailments by many inkinesss of Koreans in South Central is that # 8220 ; Korean-Americans do non sponsor black concerns # 8221 ; ( Choi ) . Economic differences among citizens of Los Angeles were possibly the largest lending factor to the public violences. South Cardinal LA as a higher overall poorness rate than does its environing communities. This was evidenced by the 1990 nose count which found that # 8220 ; 30 % of the people in South Central live below the poorness line # 8221 ; ( Mydans ) . A committee similar to the 1 headed by John A. McCone was formed to analyze the causes of the # 8216 ; 92 public violences. It was called the Webster Commission. The Webster Commission named # 8220 ; the widening spread between Los Angeles # 8217 ; rich and hapless, between minority and white occupants # 8221 ; as a precursor to the force. The # 8220 ; disproportionately high degrees of unemployment, poorness and homelessness in Afro-american vicinities was by most histories giving rise to a turning degree of tenseness, defeat and choler that contributed to the tense atmosphere predating the unrest, # 8221 ; harmonizing to the study ( Pope ) . In a pole taken by the Los Angeles Times in October after the public violences, Anglos, African Americans, Latinos, and Asians listed economic problems among the metropolis # 8217 ; s # 8220 ; gravest concerns. # 8221 ; However, there were differences in responses of each cultural group. For illustration, 24 % of Anglos saw unemployment as a top issue compared to 42 % of inkinesss, 36 % of Latinos, and 26 % of Asians. When asked to depict the province of personal fundss, 57 % of Whites said that they were reasonably unafraid compared to 44 % for inkinesss, 46 % for Latinos, and 47 % for Asians. Then in a follow up inquiry, 42 % of Whites thought LA # 8217 ; s economic system to be really rickety compared to 64 % of inkinesss, 51 % of Latinos, and 36 % of Asians. The Times besides stated that occupants are far more likely to place economic additions as the best counterpoison to further rioting than they were last spring. Economic jobs seem to be drawn alon g racial lines in Los Angeles and many minorities feel neglected by the authorities. The public violences arose out of the defeat of minorities being overlooked and non decently represented. The public violences were # 8220 ; the voice of the unheard # 8221 ; in America shouting out due to the deficiency of services and authorities reactivity to the people ( Waters ) . Economic damagess by the authorities have to be made in order to mend the jobs in LA . Congresswoman Maxine Waters feels that the â€Å"young work forces ( and adult females in South Central ) have been dropped off America’s docket and demand to be dealt with.† Peter Sellars made a really valid point about south cardinal and the remainder of LA in footings of the demand of mending its jobs. He commented that, â€Å"We all live in the same house? get down a fire in the cellar and nobody’s gon na be left on the top floor? closing your door in your room ( to get away the job ) doesn’t aid, in fact you have a stronger opportunity of acquiring incinerated.† America has to admit the jobs in South Central or we will all be brought down in the terminal. He went on to do the analogy that America is excessively inexpensive to replace burned out visible radiation bulbs ( in countries such as South Central ) and replace them with brighter 1s. Another immense cause of the public violences was the rift that has become common cognition for old ages between minorities and Los Angeles constabulary. Both the McCone and Webster Commissions besides attributed the public violences in portion # 8220 ; on the hapless relationship between constabulary and citizens, peculiarly minorities. # 8221 ; Twenty-seven old ages ago the McCone Commission reported, # 8220 ; The acrimonious unfavorable judgment we have heard evidences a deep and long-standing split between a significant part of the Negro community and the constabulary department. # 8221 ; The Webster study stated that, # 8220 ; There is much deep-rooted ill will, misgiving and intuition in this relationship that calls for change. # 8221 ; This is a subject that came up invariably throughout Anna Deavere Smith # 8217 ; s book. One of the jobs is that the constabulary do non do an equal attempt in community policing. They do non seek to understand what is traveling on and ac quire along with the minorities in the vicinities they are patroling. They stand back and allow things go on and so they deal with it. This unwillingness to step in in the force happening in LA streets is evidenced by the case in which Los Angeles Police Commission President Stanley Sheinbaum went into a pack meeting at Nickerson Gardens to speak with the immature work forces involved in these violent packs. He was doing an attempt to halt the force and larn what was truly traveling on. After he did this, his fellow officers were angry and they chastised him for desiring to speak to the pack members. When in world, what he did was good. The Los Angeles Police Department must alter its ideals that they should wait for force to happen between minorities instead than doing attempts to halt it. It must besides acquire back to the thought that minorities are portion of the community and they must be # 8220 ; Protected and served as well. # 8221 ; Many of those interviewed in Twilight b y Anna Deavere Smith complained of jobs with the constabulary. However, it was merely minorities who complained of unfairness and ferociousness on the portion of the constabulary. Rudy Salas complained of being taken into a room with four constabulary officers and being kicked in the caput and his tympanum being fractured because he is Mexican back in the mid-fortiess. Then his boy, who goes to Stanford, came place late for the weekend and had a gun put to his caput by a police officer. The same jobs with the constabularies have been traveling on for decennaries and people do non see any betterment or alteration. Salas stated that one cause of the rift between the constabulary and minorities is that # 8220 ; Whites are physically afraid of minorities and people of colour such as inkinesss and Mexicans. # 8221 ; Mike Zinzun, leader of the Coalition Against Police Abuse told Smith his ain narrative of constabulary ferociousness in which he was repeatedly maced, trampled and beaten b y a group of officers after being individual out of a crowd of people seeking to assist another adult male being beaten by constabulary. As a effect his ocular nervus exploded and he lost sight in one oculus and had to acquire 40 stitches on his caput. Zinzun sued the metropolis and received 1.2 million dollars and got two constabularies work forces fired. Theresa Allison, laminitis of Mothers Reclaiming our Children told her horror narratives of holding one of her boies shooting to decease by the constabulary and the other arrested unjustly. She besides told narratives of constabulary picking up young persons from her vicinity and dropping them off in other undertakings to acquire changeable. Josie Morales who is a clerk typist told Smith her narrative of 10 or 12 officers environing one adult male, George Holliday, and crushing him outside of her flat one dark. Harland Braun, advocate for Officer Theodore Briseno told a narrative about a tally in with the constabulary that his boy ( who goes to Princeton ) had while a black friend of his in was driving his Mercedes in Westwood. His boy confronted the bull by stating they had been pulled over because his friend Bobby was black and driving a Mercedes. The bull rapidly told his to close up or he # 8217 ; d # 8220 ; put a prison guard through his chest. # 8221 ; He wondered what might hold happened if they had been pulled over in a public country instead than a dark vicinity or both of their safety might hold been in serious danger. It is this fact that a big per centum of LA citizens ( largely minorities ) , has their ain narratives of constabulary ferociousness and unfairness in the system that caused such tumult after the Rodney King finding of fact. Peoples identified with Rodney King # 8217 ; s battle as a minority against the LA constabularies force. It was this job over the old ages that had been maturating in minorities and lower income countries that stood behind the # 8220 ; No Justice, No Peace # 8221 ; call of LA people and rioters. President of the Brotherhood Crusade, Danny Bakewell says, # 8220 ; the African American community has a paranoia when it comes to justice # 8221 ; ( Lacey ) . Smokey, a former pack member reinforced that statement by stating that # 8220 ; You can # 8217 ; t swear the justness system a spot. There ain # 8217 ; t a brother in the vicinity that thinks he # 8217 ; s gon na acquire a just test # 8221 ; ( Lacey ) . This is an ideal that must be changed if we are to travel on and maneuver clear of a similar job in the hereafter. Maxine Waters, congressman in South Central proposed her thought to battle police ferociousness on citizens to the President. She suggested that the Justice Department should make something about inordinate force used by constabulary sections in metropoliss such as LA and should step in when # 8220 ; constabulary sections are out of control. # 8221 ; Otis Chandler, a LA citizen echoed Water # 8217 ; s comment by st ating, # 8220 ; We need to acquire a grip on this state of affairs. It may take five old ages or ten old ages, but this is traveling to be a safe, pleasant metropolis for everybody regardless of where they live or what they do or what the colour of their tegument is. Somehow we have to do that dream come true. # 8221 ; The Los Angeles public violences in # 8217 ; 92 were non merely about Rodney King, they were approximately more important implicit in issues of economic sciences and race that had been bing and turning of all time since the Watts public violences in # 8216 ; 65. Possibly if these issues had been addressed adequately and repaired so, the devastation and force that occurred on the streets of South Central Los Angeles in 1992 would non hold to hold been endured. We can non do the same error by overlooking the racial and economic jobs confronting Los Angeles citizens. Now in the 90 # 8217 ; s, we must do certain that we take attention of the racial divisions, inequality of constabulary intervention, and poorness in South Central so that future coevalss of Los Angeles citizens do non hold to endure the same destiny. # 8220 ; Those who can non retrieve the yesteryear are condemned to reiterate it. # 8221 ; -George Santayana Lacey, Marc Blacks non surprised by leak in King instance ; Judiciary: Community leaders have been leery of the system # 8217 ; s intervention of African-Americans. Still, they are incensed that a scheme memo on the test ended up in a defence lawyer # 8217 ; s custodies. The Times Mirror Company, Los Angeles Times November 22, 1992 Sunday, Home Edition Metro ; Part B Page 1 ; Column 5 Lexis-Nexis Academic Universe hypertext transfer protocol: //web.lexis-nexis.com/universe/ 12/8/99 Mydans, Seth The Riot # 8217 ; s Ashes/A particular study. ; Separateness Grows in a Scarred Los Angeles The New York Times Company The York Times November 15, 1992, Sunday, Late Edition-Final, Section 1 ; Page 1 ; Column 2 ; National Desk 1990 US Census Data, hypertext transfer protocol: //venus.census.gov/cdrom/lookup/944873050 Pope, Lisa Riot study finds Watts similarities The Houston Chronicle Publishing Company The Houston Chronicle October 23, 1992, Friday, 2 STAR Edition Section A pg. 20 Smith, Anna Deavere Twilight Anchor Books Doubleday ; New York, New York Understanding the riots-Six months subsequently ; Money and Power/ doing it in the interior metropolis ; The Times Poll: The Economy and our lives The Times Mirror Company, Los Angeles Times November 18, 1992, Wednesday, Home Edition, Special Section ; Part JJ ; Page 7 ; Column 3