Police Officers' Problems in the 21st Century Research Paper

Police Officers' Problems in the 21st Century - Research Paper Example Issues like international terrorism have become burning issues for the Police. The old model of policing has changed and the way the role of Police was perceived has changed too. Access to information, the changes in the way Police responded to the new situation, the pre-emptive strikes, immigration etc are some of the key issues which have created significant challenges for the police and other authorities. 9/11 was one of the events which changed many things and virtually shifted the existing paradigm for the security and policing methods. It not only exposed the vulnerabilities of the existing security and policing procedures but also provided an opportunity to look into the better ways to manage the risk and threat posed to the society by the negative elements. It is therefore critical to understand that the challenges and opportunities available to Police are unique in nature and need to be viewed from the perspective of the changes which have taken place since 9/11. The policing model and the resulting changes therefore need to be discussed in order to fully understand the practical origins of the challenges faced by the police during 21st century. This paper will therefore make an attempt to discuss the challenges faced by Police during 21st century while discussing the difference between the challenges faced by the Police in past.The original duty or the mission of Police, as outlined by Sir Robert Peel, is to prevent crime and disorder. however, the overall sensitivity and the responsibilities of Policies have radically changed in the wake of current situation. The founder of modern model for Policing, Sir Robert Peel outlined the basic duty of police to ensure the safety of the general public and the preservation of peace within an in creasingly pluralist society The police’s role is now not just limited to the prevention of crime at the community level however, it now also entails a broader scope for activities which are considered as essential for controlling and preventing terrorist activities. The traditional community policing model was based on gaining and developing the trust within the public to achieve the overall aim of public safety. This model therefore required a closer link with the community to continuously look for information and intelligence which cannot help to prevent the crime but also allow the police to track down those who committed the crimes. (Bayley and Shearing) The shift towards intelligence led policing from the traditional investigative and reactive policing approach and than to the more pro-active military like policing model has been due to the changing nature of crime. As mentioned above that with the war on terrorism and the change in the way society face internal and ext ernal threats, the role of policing and the approaches of policing have changed. The above changes in the way society now perceives the role of Police and other law enforcement agencies therefore suggest that Police may face significant challenges during 21st Century. Counter-terrorism One of the most important challenges to be faced by the Police during 21st century is the counter- terrorism and anti-terrorism. The events of 9/11 have changed the way security was generally perceived by the societies. The increasing threat to the life and property of innocent citizens and the State itself therefore necessitated that the traditional role of Police should change. Earlier the significant challenge faced by the Police was to keep the criminals in check while ensuring that the general environment of peace and harmony exists in society. However, the anti-terrorism has forced police to face the significant challenge of meeting the new requirements. (Cooley) Terrorism has emerged as a pheno menon

The Lehman Brothers Collapse. Who, Why, How and Its Long-term Effects Term Paper

The Lehman Brothers Collapse. Who, Why, How and Its Long- Effects on Securities Markets - Term Paper Example There are a few terms which need to be defined before proceeding further. Security markets are the markets where securities of different types are bought and sold with reference to demand and supply. Mortgage markets involve dealings of loans on housing, business and industrial real estates. The markets in which corporations raise new capital by issuing common stock are referred to as primary markets. Secondary markets on the other hand are the ones where formerly issued securities are bought and sold among the investors, with no direct involvement of the corporations. Leverage is usually referred to borrowing. Stockholders are those who buy shares of a company, thereby gaining the rights of votes, earning dividends and profits. In a dramatic manner, Lehman Brothers underwent the largest bankruptcy in the history of United States, with its stocks plummeting drastically, customers opting their way out and assets being heavily undervalued by the official credit rating groups of that time. Lehman Brothers was mutually established by the three brothers, Henry Lehman, Emanuel Lehman and Mayer Lehman. Since its foundation, it was considered to be a very reputable institution in which people used to place immense amount of trust. With the passage of time, the popularity of the firm increased tremendously and it became one of the most reliable financial service companies in the United States, with the launch of its various subsidiaries such as Aurora Loan Services, Crossroad Groups, etc. Since 1993, the company was being led by Richard S. Fuld, Jr, who can be construed as a typical traditional leader with a top down command and control approach. He used to be very daunting in his demeanour and often commanded respect and devotion from his employees on the basis of power. He had a large management team along with him comprising of senior managers and board of directors who always aided him in forming corporate level policies, core business strategies and decision making. Up till 2007, the firm did reasonably well as far as the monetary records are concerned. The company even reported a staggering $4.2 billion profit in the year 2007. However, the consequences of following a superficial policy based on narrow sc ope and risky business were soon revealed when the company suffered the biggest financial turmoil of USA’s history which also triggered the late 2000’s recession. The responsibility of this crisis which resulted in the destruction of one of the most established names in the world of international finance lies directly on the management team of Lehman Brothers which consisted of several heavyweights, led by a very impolite and fiery Chairman and CEO, Richard S. Fuld, Jr. Article Summaries Onaran and Scinta (2008) state that the fourth biggest investment bank of the United States surrendered to the subprime mortgage catastrophe it had initially facilitated to develop in the midst of the largest bankruptcy in history. The old and respectable firm, Lehman Brothers Holding Inc, which had even survived the Great Depression, reported a bankruptcy petition in the US Bankruptcy Court. It had to lose 94 percent of its market worth during this tumultuous year. The filing of the b iggest bankruptcy case ever was led by bankruptcy legal representative Harvey Miller. Within hours, the shares of the