Poverty Essay Example | Topics and Well Written Essays - 750 words - 13

Poverty - Essay Example In order to be able to give an objective solution to the problem of world poverty, it is imperative to first look at the causes of world poverty. It is by eliminating the causes of world poverty that we will decisively solve the problem of world poverty. One of the main causes of world poverty especially in the third world, where children are dying of hunger is mainly corruption and mismanagement of national resources. This therefore means that in order to offer a long term solution to the problem of extreme poverty in some countries of the world, corruption should first be eliminated. With the elimination of corruption and good management of national resources, it is possible to drastically reduce the high levels of poverty in the world, thus preventing death of innocent children from hunger. Instead of proposing a concrete way of ending corruption and mismanagement of national resources as a mean of fighting world poverty, Singer argues that even with corruption and embezzlement of funds donated by the rich people for the starving children, with the contribution of approximately $200 by the wealthy Americans will be enough to feed the poor starving children in the world. However, although these funds indeed can help significantly in feeding the poor starving children, thus preventing them from dying, the donated funds will not give a long term solution to the problem of world poverty and world hunger. Singer’s solution to world hunger, therefore, offers only a short-term solution to world hunger and the short term solution cannot rid the world of poverty and hunger. The best way to fight world poverty and world hunger is to eliminate corruption, which is one of the main causes of world hunger and starvation of poor innocent children. Secondly, the solution offered by Singer in fighting world poverty can even aggravate

Diversity in AT&T telecommunication company Essay

Diversity in AT&T telecommunication company - Essay Example The mission statement for AT & T is to link people with their globe, all over the place and do it better than any other company. The company is fulfilling the above vision by coming up with new solutions for businesses and consumers, and through driving modernism in the entertainment and communication industry. Reflecting on this perspective, this paper critically examines diversity in AT&T Telecommunication Company in the U.S from a broad point of view. Inclusively, the paper presents a SWOT analysis, recommendations, and appendices for the company. Diversity in AT&T Telecommunication Company in the U.S AT & T is a telecommunication company that has been in the telecom industry for several decades. Being part of the capital intensive business, AT & T’s domestic environment has been impressive in terms of stock and turnover. The victorious legal and regulatory outcome saw the ending of monopoly in American telephony in the year 1968. AT & T submitted various proposals includin g an application for low-cost educational television network (Campbell 28). This application was meant to show AT & T as the flexible company to public interests than any other firm in the industry. The FCC ruling on AT & T request took place on 14 August 1969 where AT & T was licensed to operate. It is imperative to state that the government regulation was not the reason as to why the company faced bankruptcy. Internal management was defective that saw the company faced with many financial scandals and the bankruptcy. The government regulation of 1968 was in favor of AT & T Communications and has been instrumental in shaping the domestic environment the company operates in for several years (Brooks 41). The Federal Communications Commission (FCC) established supportive laws, which saw AT & T use the opportunity to grow its market share and expand its customer base globally. With the intention of sustaining the growth, AT & T Corporation infused large capitals into its business. AT & T needed significant amounts of capital to finance its plans of increasing and maintaining its domestic market share (Borkowski 64). The company’s growth plan was a figure from $890 million in 1984 to $2.76 billion in 1987. To finance its forecasts, AT & T began by selling $481 million in common stock in 1984 the same way it had done in the past. The share price was $47 per share, and AT & T needed to capitalize on the high value at the time. From 1985 to 1989, AT & T sold convertible debentures. Another expectation of the company at the time was to achieve a market share of 20% by 1990. The company realized that to achieve this it required funding of between $890 million in 1984 to $2.76 billion by 1987. AT & T cash inflows at the time were insufficient to support its domestic environment plans. The company was to raise the finances through other means (Lawrence 15). This is where it opted to sell $481 million in equity in 1984, and afterward issued convertible debentures up until 1989 to match its expansion plans. Issuing those debentures allowed AT & T to convert them into stock giving AT & T a leverage to raise more debt. Reflecting on research, AT & T is experiencing a competitive global environment as new competitors are contending for market share in an investment concentrated business. With the increased