WorldCom Fiasco Essay Example

WorldCom Fiasco Essay WorldCom was an organization that was managing significant distance phone and web correspondence server supplier innovations. The organization at one time became bankrupt in light of the troughs who were delegated made the organization to go into liquidation since they attempted deceitful arrangements and this lead to the breakdown of the organization. The new CEO Mr. Michael Capellas and Mr. Robert Blakely were designated in order to lead a review about the exhibition of the company.â The undertaking of evaluating was troublesome in light of the fact that the organization had such a large number of workers thus numerous advantages of the organization had been exaggerated and this added up to expanded deceitful cases that should have been checked on. Ongoing examinations demonstrated that the company’s misrepresentation was because of the company’s management’s employee’s fumble of the organizations tasks. http://www.seu.edu/morals/discourse/cande/cases/ worldcom-update.htmlWorldCom Company’s fiascos of liquidation lead to the laying off laborers. The speculators and the troughs benefits reserves were not given to them since the organization needed more cash to pay all the laborers. The status of the lives of retirees was additionally influenced in light of the fact that they needed more cash to provide food for them once they fired their business. It was seen that other than the poor administration of the WorldCom Company the media transmission industry was overbuilt and it couldn't retain the limit of innovation that had been incorporated with the framework for a long time. The WorldCom shares which had topped at $62 three years back had tumbled to 83 pennies at the exchanging of the stock trade this lead to the ending ofâ the organization  operationsâ The administration of the organization had additionally obtained $30 billion from various companiesâ and at the hour of its breakdown it had a tremendous obligation s uch  that it couldn't recuperate to pay its obligations of its customers(Maasen, G.F 1999)..The breakdown of the World Com Company had likewise a beneficial outcome in light of the fact that the administrators of most partnerships turned out to be increasingly mindful since they needed to augment benefits in their organizations. The legislature of Congress forced directions that all partnerships should keep the standards and guidelines of the organization and in this manner the company’s the board could no longer control the monetary records of the WorldCom Company. Another change that should have been attempted was that the higher administration levels pay rates were decreased so the organization would cut on its costs on the pay rates and wages which were taking up the company’s biggest financial plan. The positions of the elevated level administration structures were directed with the goal that the perfect individuals would hold these positions in order to empower the best possible administration of WorldCom Company and this lessen the occurrence of extortion. http://www.be.wvu.edu/bl-on the web/news/badnews.htmThe negative impact that WorldCom Company had was that the understudies who were leaving school needed to rival the laid off specialists of WorldCom, Xeron and Enron organizations and along these lines a test to them as they needed to vie for the couple of employments openings that were there in the market. The leader of the Congress state Mr. Shrub said that he was prepared to guarantee that the economy of the nation was fortified through transforming the benefits plans, and he guaranteed that corporate lawbreakers were considered responsible for their activities. The motivation behind why he needed to improve the economy was on the grounds that the WorldCom organization had for quite a while added to the income of the nation and its end lead to the decrease of the country’s income in this way the leader of Congress forced the guidelines with the goal that more individuals would be made to be increasingly liable for their activities and the tremendous misfortunes that were being experienced would be reduced.The leader of the Congress state Mr. Shrub noticed that the individuals who had devoted themselves to building the WorldCom organization had the right to paid better since they had added to the prosperity of the economy and this empowered the nation to ensure occupations for their workers subsequently they had no an issue of the security of their employments and furthermore guaranteed that the retirees benefits were secure along these lines they would not have an issue later on. The leader of the Congress later marked into law a bill that expanded an audit of the bookkeeping business and he forced intense punishments for the officials that submitted corporate frauds.The the board of WorldCom later documented a case in court to express that they had over esteemed their income by more than $ 4 billion a nd consequently the clients of WorldCom Company were guaranteed that the organization was in a steady condition in this manner they didn't need to stress that their phones and their PCs would be influenced in anyway.Ethics is the investigation of how to figure out what is correct or wrong of an activity, a lifestyle or a choice by an individual. In the regulating morals it manages the pursuit of rules that control an individual on in the case of settling on a choice or an activity is correct or wrong. In the utilitarian hypothesis it depends on the ethical measures that are applied on a result of an activity or a choice that guarantees all individuals in an association act such that will be helpful to the network on the loose. In the deontology hypothesis it guarantees that the choices are made exclusively or basically by considering one’s obligations and rights and one that doesn't change because of circumstances.It was not moral for the pioneers of WorldCom to mislead their clients that the organization would be effective later on while it was enormously bankrupt. The top bookkeeping firms made a terrible showing of distorting the review reports which made clients of WorldCom organization to accept that it was a monetarily steady company.The WorldCom organization disaster sager affected one person who was known as Cynthia Cooper. She initiated the revealing of the false exercises of the organization; she was later granted various honors, for example, the Accounting Exemplar Award since she had made an eminent commitment to polished skill, morals in the bookkeeping practice of the organization. The CEO that is Mr. Ebbers and Mr. Sullivan had added to the achievement of the business since the time they left the organization Cynthia cooper was dealt with gravely for revealing the misrepresentation in the organization and her compensation was solidified and her inspecting position was taken over by someone else on the grounds that she traveled to differen t spots of the world since she was allowed the chance to do so.In the year 2004, the CEO of WorldCom Mr. Ebbers was accused of an offense of submitting a protections extortion and he had bogus completely field cases with the Securities and Exchange Commission in March 2005. He was seen as liable of the considerable number of charges on July 13 that year he was condemned to a lifetime detainment. Mr. Ebber’s legal advisor applied for his conviction with the goal that he was unable to serve the lifetime detainment, they misrepresented the case by giving the appointed authority wrong data about Mr. Ebber’s information on the WorldCom bookkeeping extortion that occurred in the organization. His legal advisors likewise guaranteed that his case had been controlled in light of the fact that the three significant level WorldCom officials were not offered authorization to affirm for his benefit. In August 2005, the previous CEO Mr. Sullivan was condemned for a long time in cour t because of the deceitful acts of the WorldCom Company. He confessed of the offense that he had been accused against of and he was the main individual who was to affirm against Mr. Ebbers. At present, Mr. Ebbers has been sentenced in an official courtroom and he stays to pay a bail while he keeps on pursueing an appeal.The the board of organizations must guarantee that the essential components for creation and portion of assets are exposed to moral requirements which guarantee that the results of trade fulfill the requests of social equity and that the fundamental needs of the individuals are met supposing that individuals needs are not met then an organization may not accomplish its goals of benefit expansion. The state needs to control the general public and the market with the goal that the privileges of al individuals in the general public are controlled on account of WorldCom where the organization was sold due to the poor administration of the assets of the organization, the president’s intercession to control the market was a positive move in light of the fact that the other up and coming organizations would not fall into the equivalent problem.The the executives of organization ought to get ready yearly chiefs reports that incorporate an increasingly point by point working and money related audit of the company’s execution. This will empower investors and others who are keen on the company’s undertakings to make educated evaluations regarding the company’s current position and future techniques to check frequency of misrepresentation that were noted in WorldCom organization and this came about to its closure.ReferenceMaasen, G.F (1999). A universal examination of corporate administration models†, Amsterdam: Spencer Stuarthttp://www.seu.edu/morals/discourse/cande/cases/worldcom-update.htmlhttp://www.be.wvu.edu/bl-on the web/news/badnews.htmKen, B. (2005) WorldCom’s brassy disappointment and its cost for an indus try. New York TimesHooks, G. (1998) â€Å"Corporate government assistance arrangement and the government assistance state. Bank deregulation and the investment funds and credit rescue, â€Å"social powers Vol 77 ISS.4 pp 1644-1646

Critical Thinking in the Classroom Management Bloom's Taxonomy as a Essay

Basic Thinking in the Classroom Management Bloom's Taxonomy as a Learning Tool - Essay Example (Athanassiou et al, 2003). With regards to learning new issues and discovering early advantages to be gotten from it, it is important to sort out the necessary activity into successions, all together this is spread out and picked up in abilities or deduction of data, and furthermore assessing the outcomes more than once, so they could be utilized viably to quantify results and make vital required rectifications, if need be. The methodical guidance structures as far as what the understudies need to know, or ought to have the option to do, when the rendering of guidelines are finished. The vital connections should be built up between the method of guidance and the apparent outcomes that would be determined. It is seen that throughout the years, the basic model of methodical guidance configuration has changed after some time, however the fundamental component of ADDIE (Analysis, Design, Develop, Implement and Evaluate) stays unblemished. (Business Performance, 2008). In the main stage, the issue is characterized in its legitimate setting, and the zones wherein it would be utilized are depicted. In the current examination, it is seen that the principle region of center is accurately and aptly characterized, in that this perspective would frame the center of the attempted work and would have a significant bearing on the course of the procedures. (Holland, 2005). The answer for the issues would have direct bearing on the extent of its definition and reason: (Holland, 2005). Next, the ADDIE technique examination would be considered at later stage. It is seen that as indicated by this Bloom order, psychological is the most least complex and result assessment is the most troublesome viewpoint. (Malachowski, 2002). Further, one might say that the Addie Model basically frets about the accompanying five angles: 1. What are the principle targets that should be accomplished 2. What sort of ranges of abilities, data frameworks and mentalities should be created and sharpened 3. The use of assets and methodologies 4. Structure of substance of learning materials 5. Appraisal of the assessment and criticisms that the student's cognizance have met with the key goals required (Strickland, n.d.). The parts of examination with regards to this methodology could be found as far as the accompanying: 1. How associations and preparing program destinations could affect upon the groupings of the administration of study hall and the utilization of learning apparatuses for basic reasoning. 2. Affirm in regards to the operational viability of preparing to suit these prerequisites 3. Relevantly, it is likewise important to stand up the regulatory prerequisite of preparing. 4. Decide methodologies for the moving of scholarly aptitudes into work forms 5. Planning of a total assessment of venture dangers, presumptions and openings accessible. 6. Arrange the huge components of preparing sellers/coaches 7. Decide the objective individuals, program section and its prerequisites and the extraordinary necessities of members and their uncommon needs. 8. Evaluate degree of information and preparing of members a

Essay Topics That Will Help You Write an Essay Subjective and Excellent

Essay Topics That Will Help You Write an Essay Subjective and ExcellentIf you have been hired to write an essay for college, you may be wondering what kind of topics you should look at. Your teacher or counselor can tell you what topics to choose, but you should also learn what makes a good essay topic. The topic is the main interest of the student's writing. By finding a topic that will entice students, you can get the best out of your essay.You can get these topics from many sources. The first place to start is with your essay topic selections and information on the topic chosen. You can then read through the essays that you have read and cross reference the ones that you have chosen to find the best one.College English professors will give their students a list of topics and you will be able to see what is considered to be the best essay topic. Some of the topics are national topics, such as sports or politics. Others are not so serious, such as the holiday cards. They may only be concerned with this aspect of history.Some college topic areas that you can make an issue in the essay are religion, fashion, advertising, technology, and the arts. These are just some of the different topics that you can think about. It would be great if you were able to choose the best one to use in your own essay.You can read an essay and determine if it has the correct theme, but it is important to know that some topics will make the same points better than others. The opinions of some writers can sometimes be true, but can be twisted and turned in a certain direction. If you want to ensure that your essay does not fall into this trap, you should be sure that you use the correct topic.Make sure that you are well versed in the history of the topic that you will use. This means that you will understand what type of subject it is. You should also be able to point out some facts that can help the reader.Knowing your essay topics is very important. You want to make sure that the top ic that you choose fits well with your essay and you will avoid any pitfalls in the process.

Unintended Consequences - Israel from Palestine - 1356 Words

If you were surrounded by enemies and had no home, to where would you run? The fact is that this very question became a quandary for Jews, especially Zionists, long before the genocides of the Holocaust. In the decades before World War II, Jews sought a place to idealize their faith unhindered and away from governments and societies that ran against their operations. While they tried to assimilate with the cultures around which they lived, they stumbled more often than they soared. Appropriately enough, the international bodies that discussed this issue would consider both entirely separate and similar problems. They would encounter their own answers to the questions that the Jewish populations were facing, and it cannot be stressed†¦show more content†¦Britain began to support Jewish immigration to the area because of a few key reasons. Foremost was the destruction of enemies and gaining of allies. Britain looked to help the Arabs establish independent states as a wa y to gain support against the Ottomans (Immell 16). Britain also wanted to assist the Jews in their transition to Palestine because it felt Russia would be grateful for such a maneuver with its own population (17). Of course, Britain didn’t want to make new enemies in this process. They decided to stay as neutral as possible, doing so through the Balfour Declaration, issued in 1917. This document encouraged a Jewish homeland in Palestine without being a detriment to the rights of Arabs in the region – a clever but difficult balance between both sides (Immell 17). As many politicians discover, it was because of Britain’s awkward, double-edged stance that it found it to be a struggle to support both sides. Instead of focusing on both at the same time, Britain bounced from interest to interest, shifting its focus by favoring both sides at different times (Immell 19). Thus Great Britain’s investment in the affairs of Palestine declined. When Britain announced its intention to keep the peace, it forgot the intentions of the people it was maintaining. It was obvious that Jews and Arabs could not coexist by the late 1930s (Immell 19). With their in-fighting,Show MoreRelatedUnintended Consequences - Israel from Palestine1297 Words   |  6 PagesPity from the Holocaust A common argument for the Holocaust’s causation in the creation of Israel and generous partition of Palestine is the potential for nations to pity the Jews for their suffering. In truth, Zionism wasn’t offered any gains by the Holocaust. Not only was the genocide irrelevant to the argument of Zionism to the rest of the world, but it also couldn’t be pitied, as it was not yet understood. Overall, the Palestine question – and it was just that: a question regarding PalestineRead MorePower, Ideology, and Terror in the Atomic Age Worksheet1675 Words   |  7 Pages 1. 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Breast Cancer A Common And Potentially Fatal Form Of Cancer

Breast cancer is a common and potentially fatal form of cancer that affects both men and women. Different patients are given different types of treatment depending on their stage. There are also steps that people can take to not only detect, but also to prevent being affected by breast cancer. Breast cancer treatments have made great leaps forward, allowing both genders to have expectations of victory over the disease. Although breast cancer today has affected many lives among females and males, with the advancements in science and technology, it can be beaten. Breast cancer is when cells in the breast begin to grow out of control and form a tumor that can often be cancerous. This disease of the body can be cured quickly, or retain in the†¦show more content†¦The process of treatments are long and tiresome, especially for patients in worse condition. Many breast cancer patients begin treatment with surgery to remove the metastasis tumor. Depending on the size of the tumor the patient has options of surgery; lumpectomy or mastectomy. These surgeries do not completely take away the cancer, as they can remove the tumor and leave the rest of the cure to therapy. Many women chose to have a double mastectomy, in order to prevent the spread of the cancer in the breast. â€Å"A lumpectomy is when only the part of the breast containing the cancer is removed. A mastectomy is when the entire breast is removed, including all of the breast tissue and sometimes other nearby tissues (Surgery for Breast Cancer). Surgery is the beginning of all treatments to get the majority of the cancer out of the body. If the patient chooses to undergo surgery, most of the time there are other therapies are to go along with it in order to kill the remaining cells. Radiation therapy, the second option of local treatments, is the use of radioactive materials to lessen the density of the cancer. â€Å"Radiation therapy before surgery can help to shrink the breast tumor. After breast-sparing surgery, radiation treatments can help destroy any remaining breast cancer cells† (Radiation Therapy for Breast Cancer). Radiation is used to stop the growth, and the spreading of cells. The more frequent radiation, theShow MoreRelatedBreast Cancer : A Disease That Comes Unexpectedly Essay1072 Words   |  5 PagesBreast cancer is a disease that comes unexpectedly; many people tend to overlook the symptoms. There are different types of breast cancers that require treatments and surgery. The course of treatment varies from patient to patient because there are many factors that can contribute to a patient’s treatment plan. Once the plan is in place, there are many things that will need to be done in order to ensure that the cancer will not return. 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Analyses The Market Disclosure ASX Listed Company †Free Samples

Question: Discuss about the Analyses The Market Disclosure ASX Listed Company. Answer: Introduction The business corporations around the world are emphasizing on developing high-quality financial reports as per the qualitative characteristics of conceptual accounting framework. The IASB (International Accounting Standards Board) has directed all the business corporations to develop their financial reports as per the qualitative characteristics prescribed in its conceptual framework for financial reporting. The report specifically addresses the deviations observed in meeting the objective of general purpose financial reporting by the company in relation to Property, Plant and Equipment (PPE). The company selected for the purpose is Wesfarmers Limited, a supermarket giant in Australia involved in variety of business operations including chemicals, fertilizers, industrial products, home improvement and many others. The report reviews the disclosures made by the company in relation to PPE and their alignment with the CF objective and qualitative characteristics based on board of direct ors decision on the perspective of anaccounting graduate. Explanation of General purpose financial reporting objectives and the qualitative characteristics of useful financial information as per CF The objective of general purpose financial reporting as advocated by the IASB is to provide useful financial information of a reporting entity to the end-users including potential investors, lenders and creditors. The disclosure of all the necessary financial information to the stakeholders of a business entity is essential for supporting their decision-making process through gaining a complete understanding of its financial resources. The decisions include buying or lending equity and debt instruments, providing or settling loans and similar investment decisions. As such, the IASB has developed conceptualaccounting framework for financial reporting that has stated the qualitative characteristics that financial information of a reporting entity must possess in order to meet the needs of end-users. The fundamental qualitative characteristics are relevance, faithful presentation, understandability and comparability (Macve, 2015). The relevance principle of CF states that financial information should be relevant enough to make a difference in the decisions of the end-users. Thus, as per this qualitative characteristic, the financial information disclosed must have both predictive and confirmatory value. The confirmatory value should provide feedback about its current and past performance while predictive value should be able to provide an analysis of its future performance. The faithful presentation of the financial reports states that financial information disclosures should be complete, neutral and error-free. Thus, it should provide an in-depth understanding of the phenomena involved through depicting all the necessary descriptions and explanations. On the other hand, the comparability qualitative characteristics requires that financial information provided to the end-users must provide an analysis of the increase or decrease in the current financial performance of an entity in comparison to the past perfor mances. In addition to this, the understandability of financial information ensures that it is simple to be understood by the end-users within involving any complexity (Harvey, McLaney and Atrill, 2013). Extent of Wesfarmers Limited annual report meeting the disclosure requirements for PPE as per AASB 116 Theaccounting standard of AASB 116 has provided the guidelines to all the ASX listed business entities to value the property, plant and equipment (PPE). The standards has prescribed to take into account the carrying amounts and the deprecation and impairment charges related to PPE at the time of their measurement during financial reporting. As per the standard, the carrying value of an asset is recognized after deducting all the accumulated deprecation and impairment losses. The useful life of an asset is the period over which an asset is expected to be available for future use by an entity. The recoverable amount of an asset is said to be higher of either fair value of an asset loss cost to sell or its value in use. The impairment loss can be recognized to be the amount by which its carrying value exceeds the recoverable amount. The annual report of Wesfarmers Limited has stated the effective compliance of the company with the AASB 116 in relation to identification and recognition o f property, plant and equipment (Compiled AASB 116 Standards, 2017). The carrying value of PPE is measured on the cost basis through deducting all the significant deprecation and impairment losses as per the AASB 116. The items of property, plant and equipment is put to sale or is disposed when it is regarded to bring no future economic benefits to the company. The significant gain or loss arising from its sale is reported in the income statement of the period when the corresponding items is derecognized. The company has also provided disclosure regarding the key estimates taken by the management in estimating the useful life, residual value and amortization methods for its items of PPE (2017 Annual Report: Wesfarmers, 2017). Thus, it can be said that Wesfarmers have effectively complied with AASB 116 standard during financial reporting if its items of property, plant and equipment that can be depicted as follows: Source: https://www.wesfarmers.com.au/docs/default-source/default-document-library/2017-annual-report.pdf?sfvrsn=0 Critical analysis of extent of disclosures on PPE of Wesfarmers to satisfy the fundamental and enhancing qualitative characteristics of useful financial information It can be said on the basis of analysis of PPE disclosure of Wesfarmers that it has effectively complied with all the AASB 116 standard requirements. However, the company has not satisfied the fundamental and enhancing qualitative characteristics of useful financial information. For example, the company has incorporated the use of historical cost basis for measuring the carrying value of its fixed assets of property, plant and equipment (2017 Annual Report: Wesfarmers, 2017). The use of historical cost basis indicates that the financial information provided by the company is not relevant. For example, the company has estimated the useful life of its buildings between 20-40 years and plant and equipment to be in 3-40 years. Thus, there is n change in the useful life of assets during measuring its value after 20 years. This indicates that the company financial information relating to property, plant and equipment is not error-free as the building purchased 20 years ago would have diffe rent material value in the current market. Thus, the financial information is not relevant as it has not taken into account the current value of property, plant and equipment through adjusting their useful life as per the current market conditions (Compiled AASB 116 Standards, 2017). In addition to this, the company calculates deprecation value through the use of straight-line basis that is not effective method for measuring deprecation on some of the equipments of the company such as computers due to rapid development in technologies. Also, the method does not accurately reflect the difference in asset use from one period to another and it does not match the costs with revenues of different types of long-term assets. Thus, it can be said that the company does not comply with the understandability qualitative characteristics of useful financial information through implementing the use of straight-line deprecation method (2017 Annual Report: Wesfarmers, 2017). The end-users are not able to match the revenue with expenses of long-term assets of the company with the use of the depreciation method (Alexander, Britton and Jorissen, 2007). Critical discussion to the extent of the disclosures of Wesfarmers on PPE aligned with the objective of general purpose financial reporting and recommendations for improvement The objective of general purpose financial reporting is to protect the interests of end-users through providing them materialistic financial information that can be used by them for making investment decisions. As analyzed form the annual report of Wesfarmers Limited, the company has valued the items of property, plant and equipment as per the AASB 116 standards. However, the company has not adequately met the relevancy and understandability qualitative characteristic of conceptual accounting framework. Therefore, the company has not appropriately aligned its PPE disclosures with the objective of general purpose financial reporting. This is because the company has not provided the relevant and understandable financial information relating to PPE to its end-users (2017 Annual Report: Wesfarmers, 2017). The company as such is recommended to incorporate the use of fair value accounting in recognizing the carrying value of its long-term assets. The AASB 13 standard has provided the guide lines to the business corporations regarding the use of fair value in measuring the value of its fixed asset such a property, plant and equipment. The use of fair value would help in identification of accurate value of recoverable amount, residual and useful life of assets based on current market conditions (AASB 13, 2015). The company is recommended to adjust the useful life of assets relating to items of property, plant and equipment in order to record the realistic and reliable value of property, plant and equipment. This is required by the company to provide relevant and reliable information to the end-users about its items of PPE. In addition to this, the company is recommended to incorporate the use of reducing balance method for calculating deprecation. This method of deprecation is simple to be understood by the end-users as deprecation for every year is calculated on the opening balance of an asset in his method. Also, it easily matches the cost and revenues of the business and therefore simplifies for users to understand the financial statements developed by the company as per the understandability principle of conceptual accounting framework (Harvey, McLaney and Atrill, 2013). Conclusion It can be inferred from the overall discussion held in the report that business corporations should satisfy the qualitative characteristics of conceptual accounting framework for meeting the objective of general purpose financial reporting. The Wesfarmers though have effectively complied with all the necessary AASB standard in relation to property, plant and equipment need to incorporate some changes in its valuation techniques for meeting the objective of financial reporting. References 2017 Annual Report: Wesfarmers. 2017. [Online]. Available at: https://www.wesfarmers.com.au/docs/default-source/default-document-library/2017-annual-report.pdf?sfvrsn=0 [Accessed on: 4 September 2017]. AASB 13. 2015. Fair Value Measurement. [Online]. Available at: https://www.aasb.gov.au/admin/file/content105/c9/AASB13_08-15.pdf [Accessed on: 4 September 2017]. Alexander, D., Britton, A. and Jorissen, A. 2007. International Financial Reporting and Analysis. Cengage Learning EMEA. Compiled AASB 116 Standards. 2017. [Online]. Available at: https://www.aasb.gov.au/admin/file/content102/c3/AASB116_07-04_ERDRjun10_07-09.pdf [Accessed on: 4 September 2017]. Harvey, D., McLaney, E. and Atrill, P. 2013. Accounting for Business. Routledge. Macve, R. 2015. A Conceptual Framework for Financial Accounting and Reporting: Vision, Tool, Or Threat? Routledge.

The Different Cultures Interaction on the Labor Day Carnival

The Labor Day carnival, which is a yearly multicultural extravaganza, is hosted at Crown Heights in Brooklyn New York. The parade takes place along the Eastern Parkway and attracts millions of participants and spectators.Advertising We will write a custom research paper sample on The Different Cultures Interaction on the Labor Day Carnival specifically for you for only $16.05 $11/page Learn More Despite this event taking place in the USA and being organized by Americans, it draws a crowd consisting of people from different cultures mostly from Caribbean islands, Belize in Central America and Guyana in South America. The parade involves a colorful display of costumes accompanied by Calypso and Soca music indigenous from Trinidad and Tobago. This flamboyant affair is organized and financed by the West Indian American Day Carnival Association (Moss, 2007). This gathering of people from different cultures is a clear indication of the growth of the American s ociety and illustrates how they have learnt to live together despite their different backgrounds. The interaction of different cultures is a proof of diversity at its best, and the success stories written about the carnival show intercultural maturity in the USA. These celebrations are done during the national Labor Day celebrations and are a show of solidarity of the American people with the rest of the world (Flower, 2010). The interaction between the different people has resulted in them understanding other people’s culture, and thus making them less judgmental of others. When such events take place, they leave very little room for any group of people to feel like they are outsiders in a foreign land. Thus, the event fosters togetherness in any society since life in a cosmopolitan city like New York consists of interactions between people from different places and all of them have their own way of life (Ruben Randy 2012).Advertising Looking for research paper on cult ural studies? Let's see if we can help you! Get your first paper with 15% OFF Learn More The importance of people who are not natives from America being able to organize a multicultural event that allows other people of a different culture to showcase their cultural heritage is a reflection of how welcoming the American society is for other people regardless of their ancestral origin. America boasts of diversity that is unrivaled elsewhere in the world since its community is made up of people from all over the world (Flower, 2010). These annual celebrations have become a part of the new culture created by these interactions and as a result the celebration has found its way into the national calendar of events. The various people with different cultures that came together to interact have since led to the creation of a new culture that includes all the residents of New York. This has even attracted tourists to the event. Even though the event has had incidences of violence a nd some elements of insecurity the organizers have found a way of curbing them (Flower, 2010). The carnival is a tourist attraction and has led to the popularization of the event which has further inspired musicians such as Bob Marley and Jay Z to perform. The parade has shown how people can co-exist peacefully if only they can learn from each other’s culture and understand and at the same time appreciate the role that each of them plays in the society (Moss, 2007). Despite the carnival being suspended for five years due to the violence experienced then, the organizers were able to deal with the incidences and the celebrations were again permitted. The ability of this event to grow from the late 1940s to date shows how cultural resilience prospers and how the different cultures get over their differences and resume planning an incidents-free celebration (Ruben Randy 2012). In conclusion, the Labor Day carnival as a festival in New York is a very prominent indication of diver sity in the American society. The various cultures brought together by this celebration clearly show the multicultural nature of this society and their efforts to integrate others in their society.Advertising We will write a custom research paper sample on The Different Cultures Interaction on the Labor Day Carnival specifically for you for only $16.05 $11/page Learn More Works Cited Flower, Linda. Learning to rival: A literate practice for intercultural inquiry. Mahwah, NJ: Lawrence Erlbaum, 2010. Print. Moss, Frank. The American metropolis from Knickerbocker days to the present time. London, UK: McGraw Hill, 2007. Print. Ruben, Liz Leonard, Randy. â€Å"Two Men Fatally Stabbed and Two are Shot as Violence Follows Parade†. The New York Times. 4 September, 2012. Web. This research paper on The Different Cultures Interaction on the Labor Day Carnival was written and submitted by user Archer Wiley to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.