Taking a Look at Gambling - 669 Words

Gambling has been in existence for centuries, and it is gaining popularity today more than ever. With this trend, it is difficult to avoid questioning of any possible effects associated with gambling. There are many social and economic effects associated with the widespread practice. In this paper, we address these effects of gambling and its contribution to one’s poverty status in America. We also examine the large industry of gambling and the dynamics of the business structures and revenues. According to statistics, about 6% of adults involved in gambling eventually become severely addicted. In some cases, gamblers have the tendency of betting anything and everything they have through the ever-growing gambling avenues in the U.S. Gambler’s varies use of avenues such as the state lotto’s, horse-racing, online and sport betting, all contribute to higher levels of gambling (Ciment 2009). Controlling gambling practices can be undeniably complicated, as the poor are constantly wooed with false hopes into locally available gambling avenues. Gambling has been in existence for centuries, and it is gaining popularity today more than ever. Despite the unrealistic odds of winning, people are enticed by the potential quick winnings offered by casino play and state lottery games. In this paper, we address the social and economic effects of gambling and their contribution to one’s poverty status in America. On one hand, games like bingo, casino blackjack, and poker allow forShow MoreRelatedTaking a Look at Gambling851 Words   |  3 PagesGambling contains risking something of importance on an indefinite event in hopes of winning something of greater value. Although gambling can be a major problem it is done throughout the world in casinos, horse races, sporting events, and at a convenient store. Many people that gamble become addicted and begin to crave for the game causing it to be harmful psychologically and physically to the body. Anyone that gambles is at risk of being addicted whether you are male or female it may become a problemRead MoreCause and Effect Gambling Addiction Essay1038 Words   |  5 PagesCause and Effect in Gambling Addiction Gambling becomes type of addiction for most people who are involved in game. People may look that gambling can be a pleasure in seeking behavior; but sometimes, it can be really difficult to stop this kind of activity or even avoid a certain type of emotional pain once they started it.  Gambling is the main reason of divorce right now and a separation of a family members’. Some researchers think that addictive gambling can be referred as a type of mental disorderRead MoreThe Ethics Of Gambling And Gambling1556 Words   |  7 Pagesregarding the ethics of gambling whether in an online setting or in a public setting. Gambling has many benefits for both gamblers and casinos, but it’s crucial to acknowledge the psychological repercussions of gambling as it isn’t always just â€Å"harmless fun.† We can consider the negative and positive implications of gambling on non-gamblers as well. However, how would ethical theories and perspectives differ in their appr oach to the effects of gambling? When people think of gambling, they usually see flashingRead MoreEffects Of Gambling On The Future965 Words   |  4 PagesWhile some chose to read a book on the topic of their interest, others look to hang out with friends, and some look to take risks. As I reach adulthood, I have observed more risk taking in the form of gambling. While gambling goes against what many economists would consider rational behavior, it still has a way of drawing people. Maybe it’s the thrill of playing, or a chance at hitting the jackpot. People are even drawn to gambling whilst under serious economic stress, such as living with a small budgetRead MoreCasino Gambling Should Be Illegal887 Words   |  4 PagesEnglish110 December 5, 2014 Casino Gambling Should be Illegal in Canada Casino when we hear this word the meaning comes to everyone’s mind- a place of entertainment, a place to try our luck, a place where we can earn with playing. In some sorts we are right casino is a place where we play game like a rolling of dice, playing cards, picking up team, all these games we play using money as a bet to earn more known as casino gambling. These games had meanings that were important to theRead MoreGambling : When It s Not All Fun And Games Essay1627 Words   |  7 PagesGambling: When it’s Not all Fun and Games In the past decade, gaming and gambling in the United States have experienced a great upswing. The majority of states have expanded legalized gaming, including regulated casino-style games and lotteries, there has been a huge increase in the opening of Native American casinos and among other things, online gambling and betting has become increasingly more popular (Humphrey). While at first glance, this may seem to be a good thing, it is imperative that oneRead MoreThe Dangers of Online Gambling Essay1376 Words   |  6 Pagesbe a matter of life and death for them. It seemed bad enough to have gambling on the streets or in casinos, but ever since the internet was invented, gambling has just been getting worse and worse. People today just love getting on the internet and communicating with friends or family, but one of the things that people may be doing is gambling their money away online, which seems to be worse than regular gambling. Internet gambling has affected kids, college kid s, and adults around the world, and theyRead MoreThe Effects of Gambling on Society1594 Words   |  7 PagesAs gambling becomes more and more prevalent in todays society, one must look at the positive and negative aspects of the construction of casinos and other gambling establishments. While casinos have been shown to benefit local economies by creating jobs and generating tax revenues, they also lead to many social problems such as increased suicide, crime, accident, and high-school drop out rates. For example, in Indiana, a study shows its ten riverboat casinos are to blame for $1 million worth ofRead MoreBitcoin Online Casinos Are On The Way !1658 Words   |  7 PagesArticle 4 – Bitcoin online casinos are on the way! Look at any online shop and odds are you will see bitcoin listed as an accepted online currency. This new form of cryptocurrency has taken the world by storm and has shown no signs of fading into the background. It seems bitcoin has its eyes set on the online casino industry next, but what does that mean for the players? We have strived to find out. The Average Joe To the average player, the arrival of bitcoin may not seem like much, but in realityRead MoreConsumption Function, Autonomous Consumption, And Marginal Propensity974 Words   |  4 PagesC = Ca + by o Example: Income, wealth, interest rates, age, education, and family size are all part of spending, depending on your level of income. o The life-cycle theory assumes that household members choose their current expenditures optimally, taking account of their spending needs and future income over the remainder of their lifetime. †¢ Autonomous Consumption – The part of consumption that does not depend on income o Example: Electricity, food and costs related to housing, because these expenses

Understanding Financial Reporting Free Essays

Financial reports allow the organization to communicate information about their performance to the â€Å"outside world†. So, financial reports provide summarized information about an organization†s transactions for external decision makers. (e. We will write a custom essay sample on Understanding Financial Reporting or any similar topic only for you Order Now g. Investors). Financial reports can be used by employees and trade unions, government, creditors and lenders, customers, shareholders and investment analysts. All these users may need different statements of financial accounts but the most important statements which they need is the balance sheet, profit and loss account, cash flow account and the income statement. The two main regulatory bodies of financial reporting are the â€Å"Law† and the â€Å"Accounting Profession† with the Accounting Standards Board usually known as ASB. In UK, most of the legislation related to the publishing of accounts is embodied in the Companies Act 1985 and 1989 which are concerned with the accounts of the limited liability companies only. The Companies Act 1989 is the main frame which the companies and accountants have to follow. All the financial statement drawn up under the act 1989 must present a true and fair view and its function is to protect all the users of the financial reports and statements. The second and the most important regulatory body is the accounting profession. The standard setters should be aware of the information needed by all users of financial reports and should know the impact and the outcome of a different accounting method on the needs of those users. The standard setters should also be able to resolve the conflicts which exist between the needs of different users. So, they have to find an alternative way which best satisfy user needs and this could be achieved by choosing the improvement of the â€Å"social welfare† instead of welfare of individuals. We know that Accounting Standards Board is the main accounting standard setter. Because the ASB is composed of professional accountants, they may be unfamiliar with the user needs. So , when there is a need for a change in accounting standard the ASB prepare and publish a draft standard called the FRED (Financial Reporting Exposure Draft). After the publishing of these drafts the comments from the public is invited and in the light of these comments the FRED is changed (or unchanged). Now the FREDs are issued as FRS (Financial Reporting Standard). The main disadvantage of this system is the ASB members are unfamiliar with the different user needs and the comments from the general public may not be equally represented. There are four things that standards in financial reporting supply people using it. The first one is â€Å"Comparability†; financial statements must allow people to compare one company with another one and evaluate the management†s performance without spending time and money adjusting them to a common format and common accounting treatments. It is essential that users of financial reports or investment decision makers be supplied with relevant and standard financial reports which have been regulated and hence standardized. The second thing that standards and regulations supply is called â€Å"Credibility†. Because all this standards and regulations exist accountants have to treat every company in the same way. If the accountancy profession permitted companies experiencing similar events to produce financial reports that disclosed markedly different results simply because of a freedom to select different accounting policies they would lose all of their credibility. So, the standards should be composed of rigid rules and should not be broken. The third thing is â€Å"Influence† that means, setting up the standards has encouraged a constructive appraisal of the policies being proposed for individual reporting problems and has been a stimulus for the development of a conceptual framework. The last thing that the standards have to supply is â€Å"discipline†. Companies left to their own devises without the need to obey standards will eventually be disciplined by the financial markets. But in the short run investors in such companies may suffer loss. The Financial Reporting Council is aware of the need to impose discipline because most of the company failures in recent years are because of obscure financial reporting. Why should the Accounting Standards set? As we argued before, an important role of the regulations is to increase the comparability of accounts by limiting the choice of alternative accounting methods and to supply standardized accounts. This standardization can be achieved only by uniform accounting practice. If all accounting methods were standardized, two organizations which began the year with same balance sheets and which made the same transactions during the year, they would report the same balance sheets and the same profit and loss account at the end of the year. In addition to these advantages of regulations in financial reporting, there are also some more useful functions. Regulations can help to reduce the influence of personal biases and political pressures on accounting judgments. They can increase the level of user confidence in, and understanding of, financial reporting by clarifying the basis on which all accounts are prepared and presented. Finally, they can provide a frame of reference for resolving accounting problems which are not mentioned in legislation or accounting standards. As we argued earlier although the regulations in financial reports have very advantages it has many disadvantages too: One if these disadvantages is the â€Å"Adverse Allocative Effects†, this could occur if the ASB did not take into account of the economic consequences of the new standard or regulation they have issued. For example, additional costs could be imposed on preparers of accounts and suboptimal managerial decisions might be taken to avoid any reduction in earning or net assets. â€Å"Consensus-seeking† can be another disadvantage and this means the issuing of standards that are over-influenced by those with easiest access to the standard-setters. Most of the time this could happen with complex subjects. How to cite Understanding Financial Reporting, Essay examples

Hungarian Dances Essay Example For Students

Hungarian Dances Essay Concert Critique #1The Hungarian Dances are an intriguing group of works by JohannesBrahms. They are characterized by frequent changes in tempo and volume. These pieces are focused on the melodies created when the instruments areplayed together. Each piece also contains more than one melody. Newmelodies, or themes, usually include a change in tempo and a change indynamics within each piece. The volume differences also stand out on thetracks. They usually go from soft to loud almost suddenly. The change wasstartling to me the first time I heard it. Certain instruments are singledout in every section also. In some parts you will hear the polyphony in thepiece come together very nicely. The plagal cadence used throughout the 4tracks gives them a storybook feeling. I can imagine any of these piecesbeing used as score or even background for a song in a just about anyDisney animated movie. The theme-and-variations form that is utilized alsoadds to the feeling. The differences in these pieces, however places themin different movies. Track two sounds like it belongs in a movie such asAnastasia or Cinderella. It sounds like something that I woul d hear at oneof those old-fashioned formal dances. While listening to track three, Icould imagine the seven dwarfs hard at work. Track four almost sounds likeMr. Brahms copied it straight out of Fivel Goes West. I could think of anymovie other than Fantasia for track 1 though. Overall, these pieces wereenjoyable to me because they painted that picture in my mind. I could seethe action being played out in my head while listening to the HungarianDances. Bolero by Maurice Ravel is a very long piece. It is not mind-numbingeven though it is very repetitive. Ravel prevents this work from becomingboring by changing the pitch or increasing the volume of the piece forevery couple of times the beat repeats itself. The fact that the beat isnot boring to begin with, also helped to hold my attention. This piecepaints a picture in mind. In fact, it almost directs an entire scene fromany war movie. When the piece starts off very quiet, it is almost like thecalm before the storm when soldiers are preparing for battle. As the piecegets louder the troops are marching forward until at the end when theyfinally make to the war zone. I did not like, however, how the piece endedso suddenly. It was like the battle and began and ended with one shot. Itleft me wanting more. Other than the fact that this track ended too soon, Ienjoyed everything leading up to the end. The two tracks by Claude Debussy have an overwhelming sense ofurgency to them. The tempo of these tracks is what creates that feeling. The crescendos in these tracks, coupled with the loudness of them, are themain ingredients in the urgent feeling that is given off. The frequentchanges in melody are sudden and often confusing. It is sometimes hard forme to catch what is going on in the pieces. I did not enjoy these piecesvery much. Track number eight and tracks eleven through fifteen were pianotracks with faster tempos. The melody was quick, much like the Debussytracks, but it just sounded much better on the piano. The faster notesflowed instead of jumping around. The song texture comes togetherbeautifully on these tracks. I could not find a story in these pieces, butI enjoyed them simply for their sonic value. Track fourteen was a slowerthan the others, but it was not slow to the point where it lulled me tosleep like tracks nine, and ten. These tracks were so slow to the pointwhere I was just waiting for them to end. .u6268fc5ffa37f80fa6d12237e956bc57 , .u6268fc5ffa37f80fa6d12237e956bc57 .postImageUrl , .u6268fc5ffa37f80fa6d12237e956bc57 .centered-text-area { min-height: 80px; position: relative; } .u6268fc5ffa37f80fa6d12237e956bc57 , .u6268fc5ffa37f80fa6d12237e956bc57:hover , .u6268fc5ffa37f80fa6d12237e956bc57:visited , .u6268fc5ffa37f80fa6d12237e956bc57:active { border:0!important; } .u6268fc5ffa37f80fa6d12237e956bc57 .clearfix:after { content: ""; display: table; clear: both; } .u6268fc5ffa37f80fa6d12237e956bc57 { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .u6268fc5ffa37f80fa6d12237e956bc57:active , .u6268fc5ffa37f80fa6d12237e956bc57:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .u6268fc5ffa37f80fa6d12237e956bc57 .centered-text-area { width: 100%; position: relative ; } .u6268fc5ffa37f80fa6d12237e956bc57 .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .u6268fc5ffa37f80fa6d12237e956bc57 .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .u6268fc5ffa37f80fa6d12237e956bc57 .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .u6268fc5ffa37f80fa6d12237e956bc57:hover .ctaButton { background-color: #34495E!important; } .u6268fc5ffa37f80fa6d12237e956bc57 .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .u6268fc5ffa37f80fa6d12237e956bc57 .u6268fc5ffa37f80fa6d12237e956bc57-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .u6268fc5ffa37f80fa6d12237e956bc57:after { content: ""; display: block; clear: both; } READ: Rodgers And Hammerstein EssayTrack sixteen was also slow but it was somehow different from theothers. The changes in pitch and melody kept me interested. The crescendoin the middle of the piece is what caught my attention. When I firstlistened to it, I thought it was just like the other tedious piano pieces. That crescendo gave the piece and entire storyline. It had a beginning, ithad rising action, a climax, closing action, and a conclusion. I enjoyedthe piece. I dont have a very good background in this kind of music, but frommy standpoint, this CD was pretty good. When I listen to rap or rhythm andblues music, I judge albums by if I enjoy listening to every song or not. Even if I do not enjoy listening to a song, I will listen to it anyway tofind out what the lyrics are. I enjoyed twelve out of sixteen tracks onthis CD. That is a good ratio in my book. If was an avid listener toorchestra and piano music, I would spend my money on this collection ofworks.