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Interim Budget 2014-15: Full text of Chidambaram's speech. Finance Minister P Chidambaram presented Interim Budget 2014 in Lok Sabha on Monday, expressing concerns confronting the economy today and how his government has navigated so far to address the report writing book challenges. Read the full text of his speech: I rise to present the Interim Budget for 2014-15. The Current Economic Situation.
2. As I prepared to write this speech, I found that whether it is a regular Budget for the full year or an interim Budget, some things remain the same. For example, our goals are the same and the global context is the same. As I said last year, we are not unaffected by what happens in the rest of the world. Eckerd College Essay Questions! Since September 2008, the state of the world economy has been the most decisive factor impacting the fortunes of every developing country. Hence, it is pertinent to say a few words on the global economy as well as on the global risks. 3. World economic growth was 3.9 percent in 2011, 3.1 percent in 2012 and 3.0 percent in 2013. Those numbers tell the story. Report Book! Among India's major trading partners, who are also the major sources of interested essay our foreign capital inflows, the United States has just recovered from a long recession; Japan's economy is responding to the stimulus; the on world fair Eurozone, as a whole, is reporting a growth of 0.2 percent; and China's growth has slowed from 9.3 percent in 2011 to 7.7 percent in 2013. 4. 500 Word! The Global Risks 2014 report has mapped 31 global risks. Writing On World Fair! Of highest concern are ten risks that include fiscal crisis, structurally high unemployment or underemployment, income disparity, governance failure, food crisis, and political and being american, social instability.
The challenges that we face are common to all emerging economies. 2012 and 2013 were years of turbulence. Only a handful of countries were able to writing on world book fair, keep their head above the water, and being essays, among them was India. Report On World Book! I shall presently give you an account of how we navigated the Indian economy through this turbulent period. Challenges and Goals. 5. Within days of my return to the Ministry of Finance, I had declared that our objectives were fiscal consolidation, price stability, self-sufficiency in essay on leadership food, reviving the growth cycle, enhancing investments, promoting manufacturing, encouraging exports, quickening the book fair pace of implementation of projects, and finding practical solutions to certain stressed sectors such as petroleum, power, coal, highways and textiles.
STATE OF THE ECONOMY. The Twin Deficits and Inflation. 6. Let me begin with the good news. The fiscal deficit for 2013-14 will be contained at 4.6 percent of GDP, well below the red line that I had drawn last year. More importantly, the Current Account Deficit, that threatened to exceed last year's CAD of on qualities of a salesman USD 88 billion, will be contained at USD 45 billion, and I am happy to inform the House that we expect to add about USD 15 billion to the foreign exchange reserves by the end of the financial year. Analysts and rating agencies had acknowledged our efforts some months ago and no longer speak about writing, a downgrade. 500 Word On Leadership! I hope that domestic experts will now agree that the UPA Government meant what it said when it put fiscal stability at the top of the agenda.
Going forward, I appeal to report on world fair, all political parties to join me in the pledge that we shall not - we shall never - do anything that will affect the stability of the foundations of India's economy. 7. Last year, when I read the Budget speech, WPI headline inflation stood at 7.3 percent and core inflation at 4.2 percent. Through the year, inflation saw its ups and downs. At the end of January 2014, WPI inflation was 5.05 percent and interested, core inflation 3.0 percent. Both the Government and the RBI have acted in report on world book fair tandem. While our efforts have not been in vain, there is college questions still some distance to go. Food inflation is still the main worry, although it has declined sharply from a high of 13.6 percent to 6.2 percent.
8. We are proud of the stellar performance of the book fair agriculture sector. Foodgrain production in 2012-13 was 255.36 million tonnes and the estimate for the current year is 263 million tonnes. Estimates of production of sugarcane, cotton, pulses, oilseeds and quality seeds point to new records. Agriculture exports in 2012-13 stood at USD 41 billion versus imports of USD 20 billion. In 2013-14, agriculture exports are likely to cross USD 45 billion. Agricultural credit is likely to touch `735,000 crore, exceeding the target of Rs 700,000 crore. Agricultural GDP growth increased to interested place in malaysia essay, 3.1 percent in the five year period of. UPA-I and further to 4.0 percent in the first four years of UPA-II. In the current year, agricultural GDP growth is estimated at 4.6 percent. 9. Even after the slowdown, the report book fair savings rate was 31.3 percent in 2011-12 and 30.1 percent in 2012-13. The corresponding investment rate was 35.5 percent and 500 word essay, 34.8 percent, respectively, indicating there was no steep decline in investment, except in mining and manufacturing.
If the incremental capital output ratio (ICOR) had remained more or less the report on world book fair same, the outcome should have been a growth rate higher than the 6.7 percent and the 4.5 percent reported so far by the CSO for the two years, but that did not happen. It was obvious that projects were not achieving commercial operation date (COD) and there were too many obstacles on the path of implementation. At a time when it appeared that a number of projects would fail because of the essay on jealousy logjam, Government took the bold step to set up the report book Cabinet Committee on Investment and the Project Monitoring Group. Thanks to interested essay, the swift decisions taken by them, by the end of January, 2014, the way was cleared for completing 296 projects with an estimated project cost of `660,000 crore. 10.
Exports have recovered sharply, and the recovery must be seen in the context of report writing on world fair growth of global trade declining from 6.1 percent in 2011 to 2.7 percent in 2013. India's merchandise exports reached a level of USD 300.4 billion in 2012-13 registering a negative growth of 1.8 percent over the previous year. Though 2013-14 began on a pessimistic note, I am happy to history, inform the House that the year will end with estimated merchandise exports of USD 326 billion, indicating a growth rate of 6.3 percent. However, imports are down, and this does not augur well for either manufacturing or domestic trade. Our aim must be robust growth in both exports and report book, imports, with trade in balance over a period of history time. 11. Manufacturing is the Achilles' heel of the writing fair Indian economy.
The deceleration in investment in manufacturing is particularly worrying. Consequently, there is no uptick yet in manufacturing. The National Manufacturing Policy has set the goal of increasing the share of manufacturing in GDP to 25 percent and to create 100 million jobs over a decade. Eckerd Essay! Eight National Investment and writing on world book, Manufacturing Zones (NIMZ) have been announced along the Delhi-Mumbai Industrial Corridor and nine projects have been approved by the DMIC Trust. Five NIMZs outside DMIC have also been given in-principle approval. Three more corridors connecting Chennai and essays, Bengaluru, Bengaluru and Mumbai, and writing book fair, Amritsar and Kolkata are under different stages of preparatory work.
Additional capacities are being installed in major manufacturing industries such as steel, cement, refinery, power and electronics. Several measures have been taken to promote micro, small and medium enterprises including notifying a public procurement policy, establishing technology centres and common facility centres, and launching the Khadi mark. 12. We have given a big push to infrastructure and capacity addition in infrastructure industries. In 2012-13 and in history the nine months of the current financial year, we have added 29,350 megawatts of on world book fair power capacity, 3,928 kilometres of american national highways, 39,144 kilometres of rural roads under PMGSY, 3,343 kilometres of new railway track, and 217.5 million tonnes of capacity per annum in our ports.
Besides, 19 oil and gas blocks were given out for exploration and 7 new airports are under construction. Fair! We have also facilitated Infrastructure Debt Funds to provide take-out finance for infrastructure projects and ease the pressure on the banking system. 13. Risks to essay of a successful, capital flows were accentuated due to volatile global conditions and report on world fair, the indication, in May 2013, of a reduction in asset purchases by college essay questions, the US Federal Reserve. Writing On World Book Fair! The rupee came under pressure. Government, RBI and SEBI undertook a number of measures to facilitate capital inflows and stabilise the history tourism foreign exchange market. Among emerging economy currencies, the rupee was affected least when the actual reduction took place in December 2013 and writing on world fair, January 2014. GDP Growth - Decline and Rise. 14. Hon'ble Members will recall that the on jealousy slowdown began in 2011-12.
In nine quarters, the GDP growth rate declined from 7.5 percent in Q1 of writing fair 2011-12 to essay, 4.4 percent in Q1 of 2013-14. Report On World! Thanks to essays tourism, the numerous measures that I have narrated, I was confident that the decline will be arrested and the growth cycle will turn in the second quarter. I believe I have been vindicated. Growth in Q2 of 2013-14 has been placed at 4.8 percent and growth for the whole year has been estimated at 4.9 percent. This means that growth in report writing on world book Q3 and Q4 of 2013-14 will be at least 5.2 percent. 15. I can confidently assert that the economy is more stable today than what it was two years ago.
The fiscal deficit is declining, the current account deficit has been contained, inflation has moderated, the interested place in malaysia quarterly growth rate is on the rise, the exchange rate is writing book stable, exports have increased, and hundreds of projects have been unblocked. 16. Madam Speaker, all this is the american essays result of hard work. I may add, among other mentors, my mother and Harvard taught me the value of hard work. UPA's Record of Growth. 17.
Over the writing book last ten years, the UPA Governments have gently nudged India and Indians into accepting that growth is an imperative; that it must be made more inclusive and converted into development; and that the growth model, in order to be sustainable, must address other concerns such as environment, inter-generational equity, indebtedness, ownership and control of resources, financing etc. 18. 500 Word! The UPA Governments' record on growth is unparalleled. 19. Ten years ago, we produced 213 million tonnes of food grains; today, we produce 263 million tonnes of report fair food grains. Ten years ago, the installed power capacity was 112,700 MW; today, it is 234,600 MW. Ten years ago, coal production was 361 million tonnes per year; today, we produce 554 million tonnes per year.
Ten years ago, there were 51,511 km of rural roads under PMGSY; today, we have 389,578 km. Ten years ago, the of a successful salesman Central Government's expenditure on education was Rs 10,145 crore; this year, we allocated Rs 79,451 crore. Ten years ago, the on world Central Government spent Rs 7,248 crore on health; this year, it will spend Rs 36,322 crore. I could multiply the essays examples, but what I have given will suffice. 20.Madam Speaker, I reject the argument of policy paralysis. On World! Just as there are business cycles, there is a cycle around the trend growth rate of an economy.
Over a period of 33 years, the essay trend growth rate in writing on world book fair India has been 6.2 percent. Average annual GDP growth during the period 1999-2004 was 5.9 percent, that is below the trend rate. In the next five year period 2004-2009, it was 8.4 percent and, in the period 2009-2014, going by interested place in malaysia essay, the CSO's estimate, it will be 6.6 percent. UPA-I and UPA-II have delivered above the trend growth rate. 21.
Let history be the judge of the last ten years. REPORT CARD OF 2013-14. 22. I owe a duty to my colleagues to report on some of the major achievements in the current financial year that concerns the economy of the report fair country and the welfare of the people. We are not simply looking back, we are actually looking forward, and therefore I shall also report on the initiatives that are being taken by my colleagues. 23. Government took several notable decisions including some that were described as courageous and long overdue. Essay! Sugar was fully decontrolled. A gradual correction of diesel prices was started. Railway fares were rationalised for the first time in a decade. Applications were invited for issue of new bank licences.
DISCOMS, mostly sick, are being restructured with generous Central assistance. 24. 12.8 lakh land titles covering 18.80 lakh hectare were distributed under the Scheduled Tribes and on world book fair, Other Traditional Forest Dwellers Act. 25. The Right to Fair Compensation and Transparency in american Land Acquisition, Rehabilitation and Resettlement Act was notified on 1.1.2014, finally putting to rest an oppressive colonial law of report on world book fair 1894. 26. The National Food Security Act was passed assuring foodgrain to 67 percent of the population. 27. The new Companies Act replaced a law of 1956 vintage. 28.
The PFRDA Act was passed placing the New Pension System on a statutory basis and establishing a statutory regulator. 29. 500 Word! Centrally Sponsored Schemes were restructured into 66 programmes for greater synergy. Funds under these programmes will be released as Central assistance to State plans, thus giving States greater authority and responsibility. As a result, Central assistance to plans of States and Union Territories will rise substantially from Rs 136,254 crore in BE 2013-14 to `338,562 crore in 2014-15. 30. Public sector enterprises will achieve a new record in capital expenditure of report writing on world book fair Rs 257,641 crore in 2013-14. 31. About 50,000 MW of thermal and place in malaysia essay, hydel power capacity is report writing book fair under construction after receiving all clearances and approvals.
78,000 MW of power capacity has been assured coal supply. 32. The FDI policy was liberalized to attract larger investments in essay on jealousy telecommunication, pharmaceuticals, civil aviation, power trading exchanges and on world fair, multi-brand retail. 33. Approval was granted to establish two semi-conductor wafer fab units that will be the bedrock of the electronics hardware industry. 34. The IT modernisation project of the Department of Posts, with an outlay of Rs 4,909 crore, will be operational by 2015 in all 155,000 locations. 35.
The Kudankulam Nuclear Power Plant Unit I achieved criticality and place in malaysia essay, is generating 180 million units of report writing on world book power. The 500 MW prototype fast breeder reactor at Kalpakkam is nearing completion. Seven nuclear power reactors are under construction with the aim of achieving an installed capacity of 10,080 MW by eckerd essay, the end of the Twelfth Plan. 36. After exceeding the writing fair target and achieving 1,684 MW of grid connected solar power, the National Solar Mission entered the second phase on 1.4.2013. It is proposed to take up four ultra mega solar power projects each with a capacity of over 500 MW in 2014-15. 37.
Ministry of MSME will create the essay 'India Inclusive Innovation Fund' to promote grassroot innovations with social returns to support enterprises in the MSME sector. I propose to make an initial contribution of `100 crore to the corpus of the Fund. Social Sector Initiatives. 38. In order to promote entrepreneurship among the scheduled castes and to provide concessional finance to them, IFCI will set up a Venture Capital Fund for Scheduled Castes. I propose to provide an initial capital of `200 crore, which can be supplemented every year. 39. The restructured ICDS has been implemented in 400 districts and will be rolled out in the remaining districts from 1.4.2014. 40. Report Book Fair! Government has approved the National Agro-Forestry Policy 2014 which has multiple objectives including employment, productivity, conservation and adaptation. 41.
A mechanism for marketing minor forest produce has been introduced, and the Budget has allocated Rs 444.59 crore to continue the scheme in 2014-15. 42. A new plan scheme with an allocation of `100 crore has been approved to promote community radio stations. 43. Ministry of american essays Health and on world fair, Family Welfare has delivered new technologies to the people: the JE vaccine, a diagnostic test for Thalassaemia, and a Magnivisualizer for detection of cervical cancer. Additional Central Assistance to essays, some States. 44. The North Eastern States, Himachal Pradesh and Uttarakhand deserve special attention. In addition to funds allocated in on world book the current year, I propose to 500 word, release a sum of Rs 1,200 crore as Additional Central Assistance to these States before the report book end of the eckerd college questions year. 45. India joined a handful of report on world book fair countries when it launched the Mars Orbiter Mission.
We now have the capability in launch vehicle technology, cryogenics, and navigation, meteorological and communication satellites, and are largely self-reliant. Several flight tests, navigational satellites and space missions are planned for 2014-15. Redeeming Our Promises. 46. Last year, I had made three promises and I had asked Hon'ble Members to keep before them the faces of the girl child, the young student, and the poor. To ensure the dignity and safety of women, I promised the Nirbhaya Fund and put `1000 crore into the Fund. So far, we have approved two proposals that will receive support from the Fund.
In order to on leadership, make it clear that the Fund will be a permanent fund, I intend to declare the grant of Rs 1000 crore as non-lapsable. And in order to support more proposals, I propose to contribute to writing, the Fund another sum of successful Rs 1000 crore next year. 47. Book! Secondly, I had promised an ambitious programme to essay, skill millions of young men and women and had tasked the writing on world book National Skill Development Corporation to implement the programme. Successful Salesman! The National Skill Certification and Monetary Reward Scheme was launched in August 2013 and has been widely hailed as a success. At last count, 24 Sector Skill Councils, 442 Training Partners and 17 Assessment Agencies had joined the programme. 204 job roles have been finalised. 168,043 youth had enrolled and report, 77,710 have completed their training. Hon'ble Members will recall that I had set apart Rs 1,000 crore for the scheme. The whole of that amount will be transferred to the NSD Trust and I propose to essays, transfer another sum of Rs 1,000 crore next year to enable the Trust to scale up the programme of NSDC rapidly.
I may add that NSDC actually complements the initiatives of report on world fair several ministries which steer skill development programmes such as UDAAN in Jammu and Kashmir. 48. Thirdly, I had promised that the Direct Benefit Transfer scheme would be rolled out throughout the essay country. The scheme is writing book fair barely a year old. Money is being transferred to beneficiaries under 27 identified schemes, including the National Social Assistance Programme (NSAP). American! A total of 54,20,114 transactions have been put through until 31.1.2014 and Rs 628 crore has been transferred. Writing On World! Another sum of history Rs 3,370 crore has been transferred to writing on world fair, 2.1 crore LPG beneficiaries. The latter scheme has been put on hold for the time being pending resolution of some difficulties that have been pointed out. However, let me reiterate that the Government remains fully committed to Aadhaar under which 57 crore unique numbers have been issued so far and to opening bank accounts for all Aadhaar holders in order to promote financial inclusion. Who needs Aadhaar?
It is those who are at the bottom of the pyramid, the poor, the migrant workers, the homeless, and the oppressed who need Aadhaar, and we will ensure that they get Aadhaar. Essay On Qualities Salesman! I have no doubt that in course of writing on world book fair time even critics of essays Aadhaar will realise that Aadhaar is a tool of empowerment. OVERVIEW OF THE INTERIM BUDGET. Plan and Non-Plan Expenditure. 49. I shall now give an overview of the interim Budget. In some years, we over-provide in the Budget. In those years savings are inevitable. Besides, if there is lower-than-expected-growth there will be lower-than-estimated-revenues as well.
2013-14 has been one such year. I am afraid, we will not be able to writing on world book, spend the budgeted plan expenditure, but non-plan expenditure will exceed the budget by a small amount. 50. In order to sustain the pace of plan expenditure, I have decided to keep plan expenditure in 2014-15 at the same level at which it was budgeted in 2013-14. I have provided Rs 555,322 crore for on qualities plan expenditure. I am glad to inform the writing on world book House that all the ministries/departments that run key flagship programmes of the of a successful salesman UPA Government have been provided adequate funds. In all the following cases, I have provided in 2014-15 an amount equal to or higher than in the BE of 2013-14 and report writing book, irrespective of the essay revised estimates for report the year:
Ministry of Minority Affairs Rs 3,711 crore. Ministry of Tribal Affairs Rs 4,379 crore. Ministry of Housing Poverty Alleviation Rs 6,000 crore. Ministry of Social Justice Empowerment Rs 6,730 crore. Ministry of Panchayati Raj Rs 7,000 crore. Ministry of Drinking Water Sanitation Rs 15,260 crore. Ministry of Women Child Development Rs 21,000 crore. Ministry of Health Family Welfare Rs 33,725 crore.
Ministry of Human Resource Development Rs 67,398 crore. Ministry of Rural Development Rs 82,202 crore. 51. My colleague, the Minister of Railways, presented the Railway Budget a few days ago. Budgetary support to Railways has been increased from Rs 26,000 crore in BE 2013-14 to Rs 29,000 crore in 2014-15. Railways need to mobilise huge resources through market borrowing and private public partnership (PPP) schemes. It is proposed to identify new instruments and new mechanisms to 500 word essay, raise funds for railway projects.
SC Sub-Plan and report writing fair, Tribal Sub-Plan, Gender Budget and Child Budget. 52. Hon'ble Members will be happy to know that I propose to allocate Rs 48,638 crore to the scheduled caste sub-plan and Rs 30,726 crore to the tribal sub-plan. They will also be happy to find that the gender budget has Rs 97,533 crore and the child budget has Rs 81,024 crore. 53. I am confident that there will be no cause for complaint. If there are any shortcomings, they can be addressed when the regular budget is presented. There is enough flexibility in the expenditure budget to history tourism, make necessary changes in the allocations within the overall resource envelope.
54. Non-plan expenditure in 2014-15 is estimated at Rs 12,07,892 crore. Of this, the expenditure on subsidies for food, fertilizer and fuel will be Rs 246,397 crore. This is slightly more than the report on world fair revised estimate of Rs 245,452 crore in 2013-14. For fuel subsidy, I have provided Rs 65,000 crore. We have, this year, absorbed the rollover of Rs 45,000 crore from the fourth quarter of 2012-13 and we will rollover only `35,000 crore from the fourth quarter of this year into essay, the next year. Report Writing! Rs 115,000 crore has been allocated for food subsidy keeping in mind our Government's firm and essay on jealousy, irrevocable commitment to implement the National Food Security Act throughout the country. 55. The allocation for defence has been enhanced by 10 percent from Rs 203,672 crore in report writing on world BE 2013-14 to on leadership, Rs 224,000 crore in 2014-15. One Rank One Pension. 56.
Hon'ble Members are aware of the long standing demand of the Defence Services for report writing book fair One Rank One Pension (OROP). It is an emotive issue, it has legal implications, and it has to be handled with great sensitivity. During the tenure of the UPA Governments, changes in the pension rules applicable to essay, the defence services were notified on report writing book, three occasions in 2006, 2010 and 2013. 500 Word Essay On Leadership! As a result, the report writing gap between pre-2006 retirees and post-2006 retirees has been closed in essay four ranks (subject to some anomalies that are being addressed): Havildar, Naib Subedar, Subedar and Subedar Major. There is still a small gap in the ranks of Sepoy and Naik and a gap in the ranks of Major and above. We need a young fighting force, we need young jawans, and we need young officers. We also need to take care of those who served in report on world fair the defence forces only for a limited number of years.
Government has therefore decided to walk the on qualities of a successful last mile and close the gap for all retirees in all ranks. I am happy to writing on world book fair, announce that Government has accepted the principle of One Rank One Pension for the defence forces. This decision will be implemented prospectively from the financial year 2014-15. The requirement for 2014-15 is estimated at Rs 500 crore and, as an earnest of the UPA Government's commitment, I propose to transfer a sum of Rs 500 crore to the Defence Pension Account in essay on qualities of a the current financial year itself. Central Armed Police Forces.
57. A modernisation plan at a cost of Rs 11,009 crore has been approved to strengthen the capacity of Central Armed Police Forces and to provide them state-of-the-art equipment and technology. Funds have been provided in the current financial year and for report on world book fair the next year. 58. Hon'ble Members, the announcements that I made concerning the financial sector in the Budget speech of February 2013 have been, or are being, implemented. In 2014-15, I propose to provide Rs 11,200 crore for essays capital infusion in public sector banks. Report On World Fair! They have opened 5,207 branches so far, against the target of essay on jealousy 8,023 branches, and report, are near the goal of installing an ATM at every branch. The Bharatiya Mahila Bank was inaugurated on 19.11.2013. Rs 6,000 crore was provided to the Rural Housing Fund and Rs 2,000 crore to the Urban Housing Fund.
59. Banks are under strain owing to rising non-performing assets. Bankers have assured me that as the economy turns they will be able to contain the on jealousy NPAs, recover more loans, and build healthier balance sheets. 60. Meanwhile, I cannot fail to acknowledge the report writing fair yeomen service rendered by our banks in reaching Government's policies and programmes to the people. This year, banks will exceed the target of Rs 700,000 crore of agricultural credit. I am therefore encouraged to essays tourism, set a target of report writing on world Rs 800,000 crore for 2014-15. Hon'ble Members will recall that an essay, interest subvention scheme was introduced in 2006-07. Writing On World! There is a subvention of 2 percent and an incentive of 3 percent for being american essays prompt payment, thus reducing the report writing on world book fair effective rate of interest on farm loans to 4 percent. So far, Rs 23,924 crore has been released under the scheme. I propose to continue the scheme in 2014-15.
Credit to essay on qualities successful, Minority Communities. 61. Ten years ago, the minorities had 14,15,000 bank accounts in 121 districts of India where there is a concentration of minorities. At the end of March, 2013, they had 43,52,000 accounts and the volume of lending had soared from Rs 4,000 crore to Rs 66,500 crore. Loans to minority communities in the whole country stood at Rs 211,451 crore at the end of December 2013. Self Help Groups. 62. Report Writing On World Fair! Ten years ago, only 9,71,182 women Self-Help Groups had been credit linked to banks. At the 500 word on leadership end of December 2013, 41,16,000 women SHGs had been provided credit and the outstanding amount of credit was Rs 36,893 crore.
63. Ten years ago, only a few thousand students - mostly the well-connected - got education loans. At the end of on world December 2013, public sector banks had 25,70,254 student loan accounts and the amount outstanding was Rs 57,700 crore. 64. Hon'ble Members will recall that my predecessor, Shri Pranab Mukherjee, had, in the Budget of 2009-10, introduced the Central Scheme for Interest Subsidy (CSIS) in respect of education loans disbursed after 1.4.2009 under which Government took over the burden of interest for the duration of the period of study and a little beyond. The scheme brought great cheer to student-borrowers and their families. However, I have noticed a sense of discrimination among students who had borrowed before 31.3.2009, struggled to pay interest during the period of study, and continued to service the loans afterwards. I think they deserve some relief.
I therefore propose a moratorium period for all education loans taken up to 31.3.2009 and outstanding on 31.12.2013. Essays Tourism! Government will take over report writing the liability for essay outstanding interest as on 31.12.2013, but the report writing book fair borrower would have to essay, pay interest for the period after 1.1.2014. It is estimated that nearly 9 lakh student borrowers will benefit to report fair, the tune of approximately Rs 2,600 crore. I intend to provide the funds in the current financial year itself. Essay On Jealousy! Accordingly, a sum of `2,600 crore will be transferred to the Canara Bank, the on world fair designated CSIS banker. Details of the scheme will be announced shortly. 65. Of A Successful! This year, Life Insurance Corporation has opened 1,252 offices and the four public sector general insurance companies have opened 1,849 offices in towns with a population of 10,000 or more to serve peri-urban and rural areas. They are moving steadily to report, achieve the goals set for them.
66. A number of steps have been envisaged to deepen the being american essays Indian financial markets. Among them are. - To comprehensively revamp the ADR/GDR scheme and enlarge the scope of Depository Receipts; - To liberalise the rupee-denominated corporate bond market; - To deepen and strengthen the currency derivatives market to enable Indian companies to fully hedge against foreign currency risks; - To create one record for all financial assets of every individual; - To enable smoother clearing and settlement for international investors looking to invest in Indian bonds. Commodity Derivatives Market. 67. Hon'ble Members will recall the payment crisis in the National Spot Exchange Limited (NSEL).
Following the transfer of the subject to the Ministry of Finance, swift action was taken to sequester NSEL and to ensure there was no spill over of the crisis to the other regulated segments of the financial market. I propose to amend the Forward Contracts (Regulation) Act to strengthen the regulatory framework of the commodity derivatives market. Key Pending Bills. 68. I regret to record my disappointment that the writing Insurance Laws (Amendment) Bill and essays tourism, the Securities Laws (Amendment) Bill have not been passed by Parliament for reasons that have nothing to do with the merits of the Bills. Public Debt Management Agency. 69. Pursuant to report writing book, the announcement in the Budget speech of 2011-12, Government is ready with the Public Debt Management Agency Bill. Following precedent, it is proposed to establish a non-statutory PDMA that can begin work in 2014-15. A VISION FOR THE FUTURE. 70.
Madam Speaker, I now wish to look forward and outline a vision for the future. 71.I wonder how many have noted the fact that India's economy, in terms of the size of its GDP, is the 11th largest in being american essays the world. Report! There are great things in store. There is essay questions a well-argued view that in on world the next three decades India's nominal GDP will take the country to the third rank after the US and China. Just as the essay of a successful salesman fortunes of the developed countries affect the emerging economies today, the fortunes of on world book China and India will, in the future, have a significant impact on essay on qualities of a successful, the rest of the report writing on world world. We therefore owe a responsibility not only to ourselves but to the whole world to keep our economy in eckerd college essay questions robust health. 72.The UPA Government has a clear line of report writing book fair sight to the goals that we have set for ourselves.
I have broken down the steps toward those goals into tasks that must be undertaken by the Government of the interested place essay day. I crave your leave to identify ten such tasks: i. Fiscal Consolidation: We must achieve the report fair target of fiscal deficit of 3 percent of GDP by 2016-17, and in malaysia, remain below that level always. ii. Current Account Deficit: Since we will run a Current Account Deficit every year for some more years, it can be financed only by foreign investment, whether it is FDI or FII or ECB or any other kind of foreign inflow. Hence, there is book fair no room for any aversion to foreign investment. iii. Interested Place! Price Stability and Growth: In a developing economy we must accept that when our aim is high growth there will be a moderate level of inflation. RBI must strike a balance between price stability and growth while formulating monetary policy. iv.
Financial Sector Reforms: The recommendations of the report writing book Financial Sector Legislative Reforms Commission that require no change in essay on qualities legislation must be implemented immediately and, for writing the other recommendations, we must draw a timetable for passing legislation. v. Essay On Jealousy! Infrastructure: We must rebuild our infrastructure and add a huge quantity of new infrastructure. Every proven model must be adopted and the PPP model must be more widely used. New financing structures must be created for long term funds and pooling of on world book investments. vi. Manufacturing: We must focus on manufacturing and especially on essays history tourism, manufacturing for export. I propose that all taxes, Central and State, that go into an exported product should be waived or rebated.
I also propose that there should be a minimum tariff protection so that there is an incentive to manufacture goods in writing book fair India rather than import them into India. vii. Subsidies: Given the limited resources, and the many claims on the resources, we must choose the subsidies that are absolutely necessary and give them only to the absolutely deserving. viii. Urbanisation: Our cities will become ungovernable, and place essay, perhaps unliveable, if we do not address the decay in our cities. Report Writing Fair! Cities have wealth, cities also create wealth. That wealth should be tapped for resources to rebuild the cities with a new model of essay on qualities of a successful salesman governance. ix. Skill Development: Skill development must rank alongside secondary education, university education, total sanitation and universal health care in writing on world fair the priorities of the Government. x. Sharing responsibility between States and Centre: States have the fiscal space to bear a reasonable proportion of the financial costs of implementing flagship programmes and must willingly do so, so that the Central Government can allocate more resources for subjects such as defence, railways, national highways and telecommunications that are its exclusive responsibility.
73. Revenues are of paramount importance. Essay On Qualities Of A Successful! The best source of revenue is taxes and for that we need modern tax laws. I am disappointed that we have not yet been able to introduce GST. I leave it to you to answer the question, who blocked the GST when an report, agreement on the game-changing tax reform was around the corner? We have also got ready a Direct Taxes Code that will serve us for at least the next twenty years. I intend to place it on the website for a public discussion without partisanship or acrimony. I appeal to all political parties to resolve to pass the essay on jealousy GST laws and the DTC in 2014-15.
Funding Scientific Research. 74. Our Government has passionately espoused the cause of science, promoted scientific research, and supported scientific applications and inventions. The Income-tax Act allows deductions for expenditure on scientific research, but it is limited to fair, direct funding. We have reflected on a new approach to funding scientific research. I therefore propose to set up a Research Funding Organisation that will fund research projects selected through a competitive process. Being Essays! Contributions to that organisation will be eligible for tax benefits. Report On World Book Fair! This will require legislative changes which can be introduced at the time of the regular Budget.
75. There has been much debate on illegal off-shore accounts held by Indians. Investigations into such accounts were launched in 2011. Despite several hurdles in obtaining evidence from the countries concerned, the Government has succeeded, through alternative methods and special efforts, in obtaining information in 67 cases and action is underway to 500 word on leadership, determine the tax liability as well as impose penalty. Prosecutions for wilful tax evasion have been launched in 17 other cases. More enquiries have been initiated into accounts reportedly held by Indian entities in report no tax or low tax jurisdictions.
Changes in Tax Rates. 76. In keeping with the on qualities conventions, I do not propose to make any announcements regarding changes to the tax laws. However, the current economic situation demands some interventions that cannot wait for the regular Budget. In particular, the manufacturing sector needs an immediate boost.
Hence, I propose the following changes in some indirect tax rates: (i)To stimulate growth in the capital goods and fair, consumer non-durables, I propose to essay on leadership, reduce the excise duty from 12 percent to 10 percent on all goods falling under chapter 84 and chapter 85 of the Schedule to the Central Excise Tariff Act for the period up to 30.6.2014. The rates can be reviewed at the time of the regular Budget. (ii) To give relief to the automobile industry which is registering unprecedented negative growth, I propose to reduce the excise duty as follows for the period up to 30.6.2014: Small cars, motor cycles, scooters. and commercial vehicles from 12% to 8% SUVs from 30% to 24% Large and mid-segment cars from 27/24% to 24/20% Consequently, I propose to writing on world fair, make appropriate reductions in the excise duty on chassis and trailers. The rates can be reviewed at the time of the regular Budget.
(iii) To encourage domestic production of mobile handsets (which has declined) and reduce the dependence on imports (which have increased), I propose to restructure the excise duties for all categories of mobile handsets. The rates will be 6 percent with CENVAT credit or 1 percent without CENVAT credit. (iv) To encourage domestic production of soaps and oleo chemicals, I propose to rationalise the customs duty structure on non-edible grade industrial oils and its fractions, fatty acids and essay on jealousy, fatty alcohols at 7.5 percent. (v) To encourage domestic production of specified road construction machinery, I propose to withdraw the exemption from CVD on similar imported machinery. (vi)To encourage indigenous production of security paper for printing currency notes, I propose to provide a concessional customs duty of 5 percent on capital goods imported by the Bank Note Paper Mill India Private Limited. 77.
I also propose to give relief from service tax in two cases. (i)By virtue of the definition of 'agricultural produce' in Finance Act 2012, read with the Negative List, storage or warehousing of paddy was excluded from the levy of service tax. Rice was not. The distinction is somewhat artificial. Hence, I propose to exempt loading, unloading, packing, storage and report on world fair, warehousing of rice from service tax. (ii) Ministry of Health and Family Welfare has requested that services provided by cord blood banks are also healthcare services and being american, should be exempt from service tax. I propose to accept the request.
Notifications in respect of the above changes will be issued today. 78. I shall now present the Budget Estimates for 2014-15. 79.The current financial year will end on a satisfactory note with the on world fair fiscal deficit at 4.6 percent (below the red line of 4.8 percent) and the revenue deficit at 3.3 percent. 80. 500 Word Essay On Leadership! Emboldened by the progress made, I have budgeted for receipts and expenditure in 2014-15 that will leave a fiscal deficit of 4.1 percent, which will be below the on world book target set by the new fiscal consolidation path. On Jealousy! Revenue deficit is estimated at 3.0 percent.
81.The estimate of plan expenditure is `555,322 crore. Non-plan expenditure is estimated at `12,07,892 crore. 82. Madam Speaker, Jean DrA?ze and Amartya Sen have pointed out that India was the first non-Western country - and also the first poor country in the world - to commit itself to a resolutely democratic way of governance. Democracy acknowledges diversity, respects dissent, encourages debate, and decides through a government of elected representatives. On World Book! Neither populism nor majoritarianism nor individualism is an alternative way of governance. 83.Our way of governance has not come in the way of lifting 140 million people out of poverty in the last ten years. That is the greatest achievement of the UPA Governments, and we are proud of the achievement.
84.In the ten years that I have been in on qualities of a successful salesman the North Block, I have seen the report writing on world fair best of times and difficult times. Essay! Never did I lose faith in Jawaharlal Nehru's idea of India that, in report writing book the words of Sunil Khilnani, sought to coordinate within the form of a modern state a variety of values: democracy, religious tolerance, economic development and on jealousy, cultural pluralism. It is with that faith that I shall remain on the bridge until the day when, I am sure, the people of India will entrust the responsibility to a hand that will hold the sceptre swayed with equity. Let me sign off with the couplet from the book sage, Thiruvalluvar: Vel Anru Venri Tharuvathu Mannavan. Kol Athuvoom Kodaathu Enin. (Not the spear but sceptre swayed with equity Alone gives the ruler victory.)
85. Madam Speaker, with these words I commend the american Interim Budget to the House.
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resume latin america Finance Development, March 2011, Vol. 48, No. 1. Building on report writing book fair, recent successes, Latin America now has a chance to raise its profile in the global marketplace. “There is nothing so joyous as a Mexican fiesta, but there is also nothing so sorrowful,” wrote Nobel-Prize-winning poet Octavio Paz, in The Labyrinth of Solitude. “ Our fiestas are explosions. Life and essays history death, joy and sorrow, music and mere noise are united.” Across Latin America, countries will soon join Mexico in celebrating their 200th anniversaries of independence.
There are many reasons for Latin America to feel proud of how much it has achieved over the past two centuries, including in writing on world book fair, recent years. But despite its potential, the region is still underdeveloped and profoundly unequal, with about one-third of its people living in on leadership, poverty. Latin America has long been a region of paradox and contrasts: a land of writing prosperity and poverty, of independence and dependence, of stability and instability. But things may be changing. History Tourism! Throwing off its reputation for writing fair, boom and bust, over 500 word essay the past decade the Latin American region has prospered. Faster and report book sustained output growth during much of the 2000s was accompanied by big improvements in social conditions.
In addition, the region strengthened its economic fundamentals and better prepared itself for 500 word essay, economic shocks—so the impact of the recent global crisis was in book, most cases relatively mild and short lived when compared with the crushing economic problems during previous episodes of global turbulence. With the global crisis behind it, the region—endowed with a wealth of commodities and eckerd college essay now facing favorable external conditions—has great economic opportunities and the potential to become an increasingly important global player. Report Writing On World Book! Three countries in the region—Argentina, Brazil, and Mexico—are members of the place in malaysia essay Group of report fair Twenty, which is playing an increasingly prominent role in shaping the world economy. The region can advance even more by building on recent progress to lock in economic stability and on qualities successful salesman with the determination to report, tackle long-standing problems of low productivity and high inequality. Better policies played a critical role in the region’s recent relative success, supported by much broader social consensus about the on jealousy importance of macroeconomic stability. In fact, macroeconomic policies remain prudent in many countries, regardless of writing book transfers of power between elected governments of different political orientation. At the same time, keeping fiscal deficits down became easier, thanks to the generally favorable external conditions prevailing during much of the past decade. Strengthened macroeconomic policies brought new resilience.The region got through the global economic crisis of college essay 2008–09 relatively unscathed. Output, after beginning a sharp contraction in report writing, late 2008, had rebounded in many countries by the middle of 2009 (see Chart 1). Improved government finances, reduced external debt and higher international reserves, more flexible exchange rates, and strengthened financial regulation and oversight in eckerd college, the years leading up to the global crisis played an report on world book, important role in limiting the impact of the essay of a crisis on the region.
In part, that is because the region generally did not have to cope with homegrown problems as it did in the past. Unlike in past international shock episodes—in 1982, 1998, and 2001—the region was in a stronger position to take steps to counteract the writing on world effects of the global recession (see Chart 2). This time, many governments and central banks were able to fight the of a salesman impact on on world, output and employment by expanding public spending and reducing interest rates, allowing their currencies to depreciate along the way. History! And this time, currency depreciation helped Latin American economies cope with external shocks without triggering a severe jolt to report on world fair, inflation or widespread financial system distress. And now even more people are experiencing a higher standard of living, compared with previous periods of economic expansion. Poverty rates fell by essay of a more than 10 percentage points between 2002 and 2008, bringing over 40 million people out of poverty. Income distribution, a long-standing weakness in the region, also improved in 15 out of 18 countries in the region (see “Spreading the Wealth” in this issue of FD ). This stands in on world fair, sharp contrast not only to the trends of the 500 word 1990s, but also to report writing book, those observed in recent years in many other emerging economies and in advanced economies, where the distribution of incomes has become more unequal. Increased government transfers to the poor, as well as a narrowing of the wage gap between skilled and low-skilled workers, help explain these improvements (Lopez-Calva and Lustig, 2010). The region’s success in bringing down inflation, which hurts poor people most, has also played a key role. Not all countries have done equally well, however.
In part this is because global developments affect countries in differing ways. On Jealousy! Many of the commodity-exporting countries of Latin America are benefiting from high export prices and low global interest rates (see Chart 3). Yet some still have only limited access to external financing and some others—including the countries of Central America—are net importers of commodities. Countries with stronger ties to the dynamic emerging markets of report writing book fair Asia, especially China, have been more successful recently. Record-high commodity prices have also made these countries more attractive to foreign investors. By contrast, countries with strong economic ties to advanced economies have recovered more slowly from the on qualities salesman crisis—the result of weaker economic growth and employment conditions in the United States. Mexico and Central American countries faced a significant blow from the weak recovery in the United States, which is report a major source of their income—from exports, tourism services, and remittances from their nationals working there. Countries with weaker policies did less well than those with a record of more prudent fiscal and 500 word essay monetary policies. Not only were they unable to adopt countercyclical policies during the on world downturn, but they are benefiting much less from the essay on qualities of a current favorable external financing conditions.
This has been particularly true for some of the book oil-exporting countries, where, despite the rebound in oil prices, output has been lagging or even contracting. A combination of weakness on the supply side (the product of a business environment that hinders investment) and policies that support excessive demand has led to substantial inflation, particularly in Venezuela, which also saw output contract in 2010. In Argentina, where growth performance has been much better, demand is also putting upward pressure on inflation. With the effects of the global crisis mostly past, the region has the potential to become more prominent on the global stage and being essays raise its share of world output, which has been stable at about 8 to 9 percent in recent decades. Report Writing! The region’s output grew by about 6 percent in 2010 (second only to emerging Asia) and eckerd college questions is projected to settle at book about 4 to 5 percent in the coming years, still well above its 30-year average of less than 3 percent. Achieving—or even bettering—this outcome will require skillful macroeconomic management in the near term, as well as structural reforms to strengthen the american region’s resilience to shocks and boost growth. In light of the region’s legacy of macroeconomic and financial instability—including a tendency to boom-bust cycles—it is important to writing on world fair, take stock of efforts to enhance resilience and essay on jealousy prepare for shocks to come. Where are the remaining challenges to stability? The region has made important strides in terms of its macroeconomic policies and in building institutions, but progress should be extended in three key areas: ending procyclical patterns of government expenditure—boosting spending too quickly or cutting taxes when times are good, which forces sharp spending cuts or tax increases when times are bad; allowing greater exchange rate flexibility; and tightening financial sector regulation and supervision. For fiscal policy, the challenges are to ensure sustainability, but also to avoid excessive procyclical swings in report on world book fair, government spending. Many countries have brought public debt down to more moderate levels.
Countries with safer debt levels face another problem: how to manage cyclical swings in government revenue. Policy targets that hold the fiscal balance steady mean that expenditures can rise whenever more revenue comes in, regardless of whether the increase is transitory or permanent. Some countries would benefit more from targeting cyclically adjusted balances (as Chile does), which keep spending steady in the face of temporary revenue fluctuations. This is particularly true for countries where revenue is linked to 500 word essay on leadership, commodity exports and temporary price booms can mask a weakening of the underlying fiscal position. Many countries have benefited from allowing greater exchange rate flexibility, as a way not only to deal with external shocks but also to increase the freedom and effectiveness of their monetary policy in ensuring low inflation and output stability. Those that have moved their monetary policy all the way to inflation targeting have seen good results (see “Ending Instability” in this issue of FD ). Report Writing On World Book! Countries that have more recently begun allowing limited currency flexibility will likely benefit from tourism continuing in that direction, which will help reduce dollarization and improve monetary policy effectiveness. On World Book Fair! Those that have chosen fixed exchange rates will need to create alternative buffers against tourism, shocks, in particular on the fiscal policy side. Despite the region’s recent relative success in avoiding banking crises, it has to move further ahead on financial policies. Report Writing On World! The lessons of the eckerd college recent failures of regulation and supervision in advanced economies are broadly applicable to Latin America as well. Financial regulation and supervision should now look beyond the stability and solvency of individual institutions and also take a macroprudential approach, addressing systemic risk interconnectedness and excessive procyclicality of credit (the tendency of credit to grow too quickly during good times, only to fair, crash later). This is a fairly new area, which will require a high level of coordination at both the country and global levels.
In addition to these underlying issues, Latin America also needs to being american essays, be careful about complacency when things are going well. Writing On World Book Fair! Currently, global conditions have combined to create two very strong tailwinds that are helping Latin America—easy external financing and strong commodity prices that imply a bonanza for essay, the region. These twin tailwinds are a blessing in many ways, but they will not last forever, and they could even end abruptly. Report On World Book Fair! In the meantime, they can create risks for the future. With extremely low interest rates in the major reserve currency countries, and the return of global investors’ risk appetite, foreign financing is now cheap and abundant for many of the region’s economies. But over time, interest rates will naturally rise from these low levels, as monetary policy normalizes in advanced economies. On the commodity front, prices of many of the region’s key exports are now unusually high, thanks largely to college essay, strong growth of commodity demand, especially in on world book, emerging Asian economies.
While some part of this windfall may be persistent or even permanent, the high markups on many commodities are expected to essay questions, result in an expansion of their supply that will eventually take prices down. Experience shows that these favorable external conditions can lead to an accumulation of risks, by overstimulating both domestic demand and report writing on world book credit. The near-term challenge for much of the essay on qualities of a region, therefore, centers on avoiding a boom-bust cycle by report writing on world book fair managing the current abundance to avoid trouble down the road. So policymakers will need to be alert to financial excesses and vulnerabilities and watch out for excessive consumption and/or investment spending growth. Such unbridled growth in demand could, in turn, lead to essay, large and writing book fair risky external current account deficits and higher inflation. Increased demand sustained by foreign capital inflows almost inevitably brings with it a stronger real exchange rate—whether from appreciation of the of a nominal exchange rate or, if that is suppressed, from report writing on world book fair higher inflation. To manage these risks, policymakers can act on essay on jealousy, a range of fronts. A first step, already under way in varying degrees, is to remove the writing on world fair macroeconomic policy stimulus adopted during the crisis.
It is especially important now to essays history, reverse the earlier easing of fiscal policy, to book fair, avoid excessive reliance on monetary policy tightening. Exchange rate flexibility—in this setting, allowing the currency to appreciate—is also important. Appreciation causes foreign investors to being essays, think twice about future exchange rate risk and this can help slow capital inflows. Careful regulation and supervision of domestic financial developments is essential not only for financial system stability but also to prevent credit from growing excessively during good times—often associated with boom-bust behavior in the private sector. Several countries are already developing and applying new macroprudential policy approaches, and further experimentation will likely be needed (IMF, 2010). Capital controls could also be considered in some cases, though these cannot substitute for adequate policies in the other areas. Sustaining strong and more equitable growth. Boosting productivity and competitiveness remains the key policy challenge over the medium and longer term.It is well documented that the region’s subpar growth performance over the past 30 years is largely attributable to on world, low productivity growth. Although the reasons for low productivity are complex (see “Face-to-Face with Productivity” in this issue of FD ), there is a need for progress on several fronts. • Public investment , which is low relative to the more dynamic emerging economies, must be boosted from current levels to eckerd, address the region’s infrastructure gap. The development of human capital, through better schooling and training, is also essential.
• Improvements in the business climate and overall governance are also essential to harness private investment (including from Asia) and strengthen financial intermediation. Report Writing Book! This will likely require diverse efforts, ranging from trimming red tape to improving security and reducing crime to strengthening creditors’ rights. Barriers to competition need to interested place, come down, and sectors that may be natural monopolies—in such areas as water, electricity, and telecommunications—should be better regulated to report writing on world, ensure the quality, efficiency, and affordability of services. • The region still has considerable room to benefit from expanding external trade . Trade with the faster-growing emerging economies can be deepened further, and exports can be diversified more generally to reduce over time the region’s reliance on advanced economies and commodity exports. Essay Of A Successful Salesman! The region needs to harness the benefits of increased trade openness, such as from recent trade agreements.
The development of better trade infrastructure, including through public investment, can help. More progress is report writing on world needed in ensuring that the benefits of growth are shared more broadly. Despite improvements over the past decade, poverty and inequality in the region remain high when compared with other regions and countries with similar living standards. Further efforts are needed to improve the targeting of government spending and successful salesman effectiveness of social safety net programs. This is particularly critical in report writing on world book fair, the current environment of rising food and essay on jealousy energy prices: policies should aim to protect the poor, avoiding generalized subsidies that are costly and distort the allocation of resources (for example, by encouraging overconsumption of writing book fair fuel). The region can learn from the success of conditional cash-transfer programs in Brazil ( Bolsa Familia ) and Mexico ( Oportunidades ), which grant payments to families in need, on conditions such as keeping their children in essay on leadership, school. Countries will also need to accommodate the demands of book fair a growing middle class and essay increased global competition by upgrading the quality of services in the areas of education, health, and public security. Although the region’s population is on world fair still young, public pension and health systems will require strengthening to meet the demands of a growing elderly population. These challenges must be met without compromising the sustainability of government finances: this will require boosting government revenue in some cases and being more careful about spending priorities, including cutting subsidies that are not targeted to the poor. Despite its bumpy history, Latin America now has the potential to build on eckerd college essay, its new strength and resilience. Policymakers will need to carefully manage the generally stimulative global conditions to avoid a recurrence of the boom-bust cycles of the past, while making new efforts to cement conditions for stronger and more equitable growth. Report Writing Fair! #9632;
Nicolas Eyzaguirre is Director of the IMF’s Western Hemisphere Department. Lopez-Calva, Felipe, and Nora Lustig, 2010, Declining Inequality in Latin America: A Decade of Progress? (Washington: Brookings Institution Press). International Monetary Fund, 2010, Regional Economic Outlook: Western Hemisphere , Chapter 4 (Washington: October). FD welcomes comments and brief letters, a selection of which are posted under Letters to the Editor. Letters may be edited.
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2017 MBA Essay Questions: Cornell Johnson. Report Fair! Cornell Johnson 2017 Two-Year MBA Essay Questions Class of 2020. Here are the on qualities successful salesman, Class of 2020 Full-Time essays for report on world fair, Johnson. A goals statement, plus two formal essays and an optional essay: At Cornell, we value students who create impact. Eckerd! Please indicate the report on world book fair, opportunities for essay, impact that you’ve identified through engagement with our community and report describe how what you learned has influenced your decision to apply to Johnson. 500 words You are the author of your Life Story. Essay On Leadership! Please create the writing on world book fair, Table of Contents for the book in the space provided or upload it as an attachment.
We value creativity and authenticity and encourage you to approach this essay with your unique style. Alternative submission formats may include a slide presentation, links to pre-existing media (personal website, digital portfolio, YouTube etc.), as well as visually enhanced written submissions. 500 words or under 5 minutes for on qualities salesman, a multimedia (audio/video). The Life Story essay has been a staple for the Johnson app for writing on world fair, many years now. It#8217;s different enough that you won#8217;t be able to essay on qualities successful re-use what you produce for Booth or MIT or NYU, but similar chunks of content may work across some of those others.
For the Impact Essay, a post we wrote specifically for Wharton may also be useful to help you stay on track. The Cornell optional essay is a standard optional essay #8212; meaning, it#8217;s truly optional and only should be submitted if you have important information to explain such as gaps in employment or low GPA (where you have a REASON and not an EXCUSE). Reapplicants who tried last year also need to writing fair use the optional essay to essay salesman explain how they have improved since last time. Report Writing On World Book Fair! (We have a Reapplicant Guide if you#8217;re in that boat!). Essay Of A Successful! Our The EssaySnark Cornell essay guide is the 2016 version but it#8217;s still valid for 2017! Not sure when we#8217;ll be able to do a refresh on this one.
You will get access to any updates if/when we do provided it#8217;s within your original 90-day subscription term. All the info in the existing version should still be quite helpful for you today! Cornell has been VERY welcoming to the military candidate lately. Military students went from 2% of the writing on world book fair, Class of 2013, to an incredible 11% of the Class of 2018. We don#8217;t know of any other school that#8217;s admitted such a high proportion. Essay On Leadership! If you#8217;re active duty or a vet of the U.S. armed services, we offer some special opportunities to help with your MBA apps. Report Writing On World Book Fair! Cornell MBA Letters of Recommendations. Cornell Johnson Full-Time 2-Year MBA Application Deadlines. October Round: October 5, 2017 this is advantageous compared to interested in malaysia other schools#8217; first rounds because you#8217;ll get your decision really early! In November, in fact. That would be nice, eh?
November Round: November 15, 2017 this can be a great date to try for, especially if you#8217;re in report on world book the U.S.: It#8217;s after the crush of Round 1 but before the Thanksgiving holiday, so you have a lull in the cycle. (We#8217;re not trying to imply that international applicants would not benefit from Round 2 at Cornell, but Americans may appreciate getting another app out american, of the way before the end of November, just for report book, personal and family reasons!) January Round: January 10, 2018 This is one of the later January deadlines, so THANK YOU, Cornell! They also have a final fourth round in american essays March, and they#8217;ll even accept applications once that date has passed but it#8217;s getting into the trickier stages to be applying to any school at that point on the calendar. Try for one of the first three rounds identified above for your best chances. Note, too, that the deadlines for the Cornell 1-Year MBA may be different. Writing! Please see the Johnson website to essay on jealousy confirm. With most schools we suggest targeting any round through a January deadline and that applies here, too, except that they have four rounds which gives you more milestones to try for.
There typically are more options with Cornell in writing on world book fair fact, they#8217;ll even keep accepting applications after their final round in March #8212; but it#8217;s certainly better to stick with Rounds 1, 2 or 3. Past Cornell MBA Essays EssaySnark#8217;s Analysis. Essay Of A Successful Salesman! Here#8217;s what we said about previous years#8217; Johnson applications, in case you want to see where this school is coming from. Report Writing! Click to view 2016 questions. Essay Salesman! Two questions plus an optional essay: At Cornell, we value students who create impact. Please indicate the book, opportunities for impact that you have identified through engagement with our community and describe how these interactions have influenced your decision to apply to being american essays Johnson. 500 words You are the author of your Life Story. Please create the Table of Contents for report writing on world, the book in the space provided or upload it as an attachment. We value creativity and authenticity and encourage you to approach this essay with your unique style. Alternative submission formats may include a slide presentation, links to pre-existing media (personal website, digital portfolio, YouTube etc.), as well as visually enhanced written submissions.
They haven#8217;t had a formal written essay in essays history tourism some time, so that first question is on world book, new in 2016. It#8217;s reminiscent of what Wharton is asking, with their #8220;contribution#8221; essay (we issued some warnings on writing for that before). Additional random comments: 6/29/16 They#8217;re not numbering their rounds anymore; they#8217;ve gone back to October Round, November Round, etc. Not sure if that makes things more confusing, or less! 7/31/16 It appears that Cornell is essays, adopting the newly-standardized 4-question Letters of Recommendation requirements that other schools are using. [End last year#8217;s questions section.] Click to view 2015 questions. 7/24/15 It appears that Johnson is using the identical essays to last year, they#8217;ve just been very kind to you and increased the limits. Table of Contents You are the on world book, author for the book of on qualities Your Life Story. In 500 words or less, please create the table of report writing on world book fair contents for the book in the space provided or upload it as an attachment. We value creativity and college essay questions authenticity and encourage you to approach this essay with your unique style.
Alternative submission formats may include a slide presentation, links to pre-existing media (personal website, digital portfolio, YouTube etc.), as well as visually enhanced written submissions. What are your short and long term goals and report writing on world book fair how do you see the Cornell MBA enabling you to achieve both? (500 words) There#8217;s also a whole bunch of place essay other questions in their online application, plus the standard optional essay (reapplicants should use that to explain how they#8217;ve improved since originally applying). We go into these details in our new-this-year Cornell MBA Application Guide , to give you all that you need to do a bang-up job on your essays for report on world book fair, this school. Essays! In terms of on world book fair deadlines: Cornell keeps messing with the system! #128512; They retained their three rounds this year but those dates are very different than any other school. Up through the 2012-#8217;13 app season, Cornell had four rounds. In 2014 they switched to the traditional three rounds with standardized deadlines like every other top school has. Now they#8217;ve gone back to four rounds for essays tourism, 2015, and they also will accept late apps even after their final deadline in March. [End 2015 questions section.] These questions are not much different from on world 2013 except that #8220;300 words#8221; has turned into #8220;1,000 characters#8221; and they have categorized a bunch of short-answer responses as #8220;essays#8221; which is a little confusing. History Tourism! The first question is the report writing book fair, only one that allows you to upload a file; the others must be entered into essays the text field in their form, which means you can#8217;t submit more than they ask for.
Creative Submission Required for All Applicants: You are the report writing on world book fair, author for the book of eckerd essay Your Life Story. In 1000 characters or less, please write the table of contents for report writing on world book fair, the book in the space provided or upload it as an essay on jealousy, attachment. On World Book! Note: approach this essay with your unique style. We value creativity and authenticity. Targeted Job Type: What is the job that you would like to have immediately upon graduating with your MBA? (1000 characters) Post-Collegiate Activities: List community activities (clubs, church, civic, etc.) and professional associations you contributed to since graduation from college. Please include the organization name, your role, hours dedicated, elected offices held, and dates of participation (1000 character limit). Essay On Jealousy! List your extracurricular activities while in college in order of importance to you. You may include details about your positions and the time commitment, honors or awards received, and dates of participation.
The list may also include part-time and summer employment held while in college. Please list your employer, job title, responsibilities, hours per report writing fair, week, and the dates for each position (1000 character limit). Collegiate Activities and Employment: Please describe any hobbies or activities that hold special significance for you (1000 character limit). Optional Essay: Complete this essay if you would like to add additional details regarding your candidacy. For instance, if you believe one or more aspects of being american essays your application (e.g., undergraduate record or test scores) do not accurately reflect your potential for success at the Johnson School. (1000 character limit) The optional essay really is report book fair, optional; you should only use it to explain oddities in your profile that you#8217;re not covering elsewhere. Interested In Malaysia Essay! Don#8217;t feel like you should tell them about report book fair, this great leadership example from on leadership work as a way to fill the book fair, space. Put that example in your Book of essay Life if you feel it#8217;s important enough to include, or just rely on your resume to tell the story. Report Writing! The other questions are no different than what other schools ask, so again, a little strange that the app has them categorized as #8220;essays.#8221; They#8217;re definitely not long enough to be considered as such. The 1,000-character limit means you get about two standard-sized paragraphs, though the fields do allow formatting and many of the being american, questions lend themselves to a bulleted list answer instead of report writing a block of text. Essay! Just so you can gauge it, this paragraph is just about on world, 535 characters; the paragraph above about the optional essay is being american, 375. This is the on world book fair, first school we#8217;ve seen to use Salesforce to deploy its MBA application.
They#8217;re touting this feature where you can pull in your LinkedIn profile to populate the employment and education sections. This is optional; you don#8217;t have to interested in malaysia click that button if you don#8217;t want to. We don#8217;t see any disadvantage in doing that, so go ahead if you#8217;re on LinkedIn and want to save some data entry. Honestly that seems like the report writing on world book fair, biggest benefit though, and even that may be a little overhyped; the system says that not all fields will be populated so you#8217;ll still need to go through and fill in the gaps. Still, kudos to Johnson for embracing technology it#8217;s certainly not something we see the essays, bschools doing much of! They are saying that it#8217;s their Johnson Tech MBA that provided the impetus for book fair, this (Johnson is partnering with Google on some stuff so it#8217;s clear they#8217;re embracing the convergence of tech and business again, not something we see too often from MBA programs).
The strategy for putting together your Johnson essay needs to be the same as it#8217;s always been: Communicate who you are through this structured exercise of the #8220;story of your life#8221; and share some of the on leadership, real you in that way. And oh yeah, communicate your goals concisely, too. [End 2014 questions section.] Here#8217;s the 2013 Cornell essay questions: Essay 1: Who You Are. You are the fair, author for the book of Your Life Story. In 300 words or less please write the table of contents for the book. Note: approach this essay with your unique style.
We value creativity and 500 word essay authenticity. Essay 2: Who You Turn Out to Be. (150 words for each part, uploaded as a single document) When did you decide that business school was the report on world, next step for you? (Was this an epiphany or an evolutionary process? What was the essay, catalyst that caused you to consider this next step?) Johnson values people that make things happen for on world, themselves. Give an essays tourism, example of how you have initiated this for yourself. Please describe your immediate post MBA career goals. On 7/26/13 Cornell updated their Deadlines page to clarify that they will still accept #8220;late#8221; applications through April. This basically moves them back to fair a 4-round admissions season all over again!
It#8217;s good to see this flexibility but it#8217;s a little baffling why they#8217;re doing it this way. Why not just keep four rounds? Maybe it#8217;s because they#8217;re trying to accommodate all their admissions under the same schedule, and the One-Year MBA starts in essays May so they can#8217;t have a round hit that late in the season and on world still get people in there. [End 2013 questions section.] How would you characterize your career since college? Tell us about your short and long term career goals. 500 Word Essay! Choose one: You are the author for the book of Your Life Story. Please write the table of contents for on world fair, the book.
Note: Approach this essay with your unique style. We value creativity and on qualities of a salesman authenticity. Describe a situation taken from report on world book your personal or professional life where you failed and tell us what you learned. On Qualities! What does diversity mean to report writing on world book fair you and how will you contribute to the diversity of our community at Johnson? [End 2012 questions section.] Another school we#8217;re tracking with interest (March 2016) Schools where Round 3 is viable (January 2013) one-year MBA options (April 2012) The one less traveled by: CORNELL (January 2012) We don#8217;t have a lot of Cornell essays reviewed on the blahg (feel free to eckerd essay send us yours this season!). However you can reference essay reviews from several other schools to get a feel for how to handle Cornell. There are obvious differences between these programs but some strong similarities, too, so these are worth studying as you work on your Johnson application: The Cornell Application Guide walks you through the writing fair, important elements of this application and how to position yourself effectively. 2017 MBA Application Strategy Guides. The 2017 Darden MBA Application Guide - rewritten almost from scratch to help you with the essay on jealousy, 2017 app!
The 2017 Michigan Ross Essay Guide - totally new to help you with the nine short-answer options and book fair your career goals! The 2017 MIT Essay Guide with brand-new material on the cover letter and the 'introduce yourself' video. The 2017 Duke Essay Guide - covers the 25 Random Things essay and all the rest too! The 2017 Harvard MBA Application Guide - refreshed with new details and strategies for your Class of 2020 app. Brave Supplicants' latest reviews on The 'Snark. I think that the reviewer raised a lot of good points, but a) three pages of feedback on eckerd college, a 250 word . As a re-applicant, I knew I needed considerable improvement to report writing my pitch in order to on jealousy maximize my . On World Fair! Thanks so much for the additional feedback ES. I really appreciate it. I just submitted my HBS app, . What were we snarking about at this time in on jealousy past years?
2016 : ($) If you get fired, do you need to tell the adcom? 2016 : Good luck for report writing, HBS applicants! 2016 : No, you don't have to essays history tourism actually do the on world, thing you say you will do in the career goals essay. 2014 : Did you just discover EssaySnark? 2013 : Success Story! A Journey to the Center of America: A Saga (Part 2: The First Year) 2013 : More on visiting schools 2012 : ($) What about a lower-ranked program? (No, lower than that) 2012 : ($) Duke's main essay: What do you tell your family, friends, and colleagues? 2011 : essay critique: Columbia essay 2 life experience 2011 : Battle of the Blogs!
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essay of report fair, blackmail The Crime of Blackmail: A Libertarian Critique. There is something deeply paradoxical about laws that criminalize blackmail. How is essays, it that, as Glanville Williams put it, two things that taken separately are moral and legal whites together make a moral and legal black?  For the crime of blackmail involves the criminalization of book fair, two otherwise legal acts when they occur in combination- for example, the threat to eckerd college essay disclose damaging information about another, and the offer to book refrain from essay disclosing it for some valuable consideration. Were Alfred to report writing book (threaten to) disclose damaging information concerning Bi11's extramarital affairs, no offense recognized by law would be involved (even if there were something distasteful about such gossip); were Alfred to interested place essay ask Bill for $5000, again there would be no contravention of any proper law (even if it displayed a degree of chutzpah). But were Alfred to threaten Bill that he would disclose information concerning Bill's extramarital affairs unless Bill paid him $5000, his two-part act would – under current laws-constitute the writing on world book, crime of being american, blackmail. Why should the conjunction of such otherwise legal acts have an entirely different legal status?  The paradox is heightened when we consider the reverse situation. Bill learns that Alfred is in possession of damaging information concerning him. He seeks Alfred out, and offers him $5000 to keep silent. If Alfred accepts Bill's offer, and subsequently keeps mum, he should not be held to have blackmailed Bill.
Why should the situation be different when Alfred approaches Bill, and tells him that his silence will cost $5000? This is the heart of the libertarian critique of blackmail laws, and in this essay I propose to defend that critique against a number of arguments that have been advanced to justify them. Although my critique of such laws depends ultimately on my belief that criminal prohibitions are justified only when some material threat is posed to another (by means of on world book, force, fraud, or theft), my arguments here will show that various attempts to eckerd avoid or account for the paradox do not succeed, even on their own terms. Blackmail (along with other victimless crimes) should be decriminalized. [3,4] Some Definitional Preliminaries. Although standard instances of blackmail involve a threat to disclose damaging information if some monetary payment is not made, the range of on world book, possibilities is on jealousy, somewhat wider. Leo Katz, for example, suggests as alternative threats:
Pay me $10,000- or I will: cause some really bad blood at the next faculty meeting, . . Report Writing On World! . College! seduce your fianc, . . . persuade your son that it is report writing on world book fair, his patriotic duty to volunteer for combat in college, Vietnam, . . . give your high-spirited, risk-addicted 19-year-old daughter a motorcycle for Christmas, hasten our father's death by leaving the Catholic church.  Demands as well as threats may vary: usually it is for money, but it could also be for sexual favors or some other valued consideration. And usually it is for the blackmailer's private and undeserved gain, though it need not be. Imagine, writes Eric Mack, that you can deter a factory owner from (safely) burning his plant to the ground (and thus thoroughly eliminating many employment opportunities) for the sake of destructive glee only by threatening to report writing book fair reveal his secrets. Or imagine a case in essays history tourism, which one party, by legally permissible trickery and Underhanded dealing, acquired what another party truly deserves. Wouldn’t it be perfectly moral for the morally deserving party to report writing on world blackmail the first party into transferring that valued good- especially if what was threatened was precisely the [revelation] of the trickery and underhandedness?  In this essay, however, our concern will be largely with paradigmatic informational blackmail in which money is sought for silence. Blackmail should not be confused with extortion. In the latter, a threat to essays tourism do something that would otherwise be illegal is report fair, made in demanding something from another: If Charles threatens to break David's knees or burn down his house if David does not give him $5000, Charles is guilty of extortion, not blackmail, Extortion is being american essays, properly considered illegal. Is There Really a Paradox of Blackmail? One might argue that there is report writing on world, nothing particularly paradoxical about blackmail.
George Fletcher, for one, claims that the supposed paradox is not untypical of many acts that are regarded as criminal: many good acts are corrupted by doing them for eckerd college essay a price.  Fletcher instances bribery, prostitution, and payment for on world book fair confessing to essay a crime. And Wendy Gordon notes that, our right to vote can neither be transferred gratuitously nor sold.  But are these plausible counter instances? The problem with bribery is that it fosters inappropriate motivations in those who are otherwise duty-bound to provide certain services. Were bribes no more than tips for services- openly given and received- there would be nothing wrong with them. What makes bribery problematic is not the writing on world, conjunction of service and money, but the american, fact that money given secretly becomes an incentive to forgo duty and/or to do it only report writing fair, when more is giver than one is contractually obliged to accept. Prostitution is a classic victimless crime and should not have been criminalized in essay on qualities, the first place. The problem with paid-for confessions is that needy people- and writing fair not necessarily guilty people- will be induced into confessing to offenses, with no guarantee that those who are convicted will be those who have offended. An offender may still be on the loose, and those paid to apprehend criminals will have no incentive to essay on qualities of a successful look for him. Report Book! As for the right to being essays vote, it could have been otherwise. The only reason that political votes (unlike votes in on world fair, publicly traded corporations) cannot be sold is that a majority has agreed not to commodify them.
Blackmail and Other Commercial Transactions. At first blush, blackmail is like any other commercial transaction: Alfred has a product to sell (secrecy) that Bill wishes to buy. However, some writers have claimed that blackmailers differ significantly from other sellers since, unlike other sellers, they would give away their product were they not able to sell it.  Perhaps so, perhaps not!  In any case it is not easy to american see any significance to report writing book fair the difference. For other sellers, perhaps, the product to be sold represents all investment on their part, and therefore something they would be unlikely to give away, whereas the incriminating information that the blackmailer possesses is much more likely to have been gained without significant investment. May be the difference lies in motivation, Wendy Gordon suggests that blackmail should be outlawed because the blackmailer acquires information for the sole purpose of in malaysia essay, obtaining money or advantage from the victim, and . Report On World Fair! . , has no intent or desire to publish the information, except as an instrument toward this purpose.  But why should the blackmailer's intent be of any interest to the law unless the conduct in question has independently infringed another's rights? It is not generally of legal concern why we conform our behavior to what the law allows or requires. Intent only essay on qualities of a salesman, becomes an issue once the law is broken. But since Alfred's disclosure of Bill's infidelities does not constitute conduct of a kind the law would ordinarily prohibit, it should not be of any legal interest to know why Alfred may or may not choose to disclose the information he has about Bill. Report On World Fair!  Scott Altman suggests a further difference: whereas in ordinary commercial transaction, both buyer and seller will be beneficiaries, in blackmail the primary beneficiary is the blackmailer.  But why should the person who buys silence not also be seen as benefiting from the transaction? He has purchased another's silence, something that presumably, benefits him. It is true that, antecedent to 500 word on leadership the blackmailer's approach, the blackmailee was not seeking to writing fair purchase the silence of others, but that was because he believed that his secret was safe, and did not need to be secured through purchase.
Blackmail and Coercion. Defenders of laws against blackmail often claim that blackmail is coercive: by threatening to disclose certain damaging information if Bill does not pay $5000, Alfred coerces Bill. Essays!  Or so it is said. However, the idea of coercion cannot clearly be extended to report such cases. In paradigm cases, Alfred coerces Bill into parting with $5000 if he tackles Bill and steals his wallet containing $5000, or if he puts a gun to Bill's head and questions threatens to pull the report writing on world book fair, trigger should Bill refuse to hand over $5000. But if Alfred simply tells Bill that he will disclose his extramarital affairs unless Bill pays $5000, nothing is threatened except Bill's reputation. And one's reputation is not something one owns as one might own one's body or a piece of property. Interested Place Essay! Reputation is a form of social recognition to which one does not have a right as one might have a right to report writing on world fair one’s property  Should Alfred spread the interested essay, information without making any claim for money, he will have done nothing illegal. Why should it become illegal just because Alfred tells Bill that he will keep quiet if Bill pays him $5000? Perhaps the on world book fair, argument from coercion can be expressed as follows: The blackmailer's act is coercive because he proposes to reveal information that he is obligated not to disclose.  But this will not do either. Eckerd! Even if Alfred were obligated not to reveal the information, it would still not show the threat to report book fair reveal it to be blackmail; rather, it would be a coercive threat, for example, extortion. It would indeed be legally wrong for Alfred to reveal what he told Bill in confidence, but the threat to disclose it unless Bill pays Alfred to keep quiet would be a legal wrong not because it is eckerd, blackmail, but because it breached Alfred's contractual obligation to Bill.
But if there is no obligation for Bill to keep the damaging information to himself, then and only then would there be no coercion involved in making it known, Should Alfred accidentally find out about Bill's extramarital affairs, he is under no obligation at writing fair, all regarding its disclosure.  Why, then, should his informing Bill that he will reveal what Bill has been up to be coercive? Maybe the argument is that Alfred acts coercively because he seeks to exact Bill's money without his consent.  Although no literal gun is being pointed at Bill's head, something else is- serious damage to his life, reputation, job prospects, or whatever- should he refuse to pay. This account, of course, would not work with cases in which Bill, on college, hearing that Alfred possesses (and is likely to writing on world book reveal) the information, seeks him out to offer him hush money, but perhaps the essay, supporter of blackmail laws may not mind cutting these cases adrift from the scope of such legislation. Once again, however, we need to remind ourselves of the report writing book, disanalogy with the gunman. Absent monetary considerations, if the gunman pulls the trigger a legally significant wrong is done to his victim, whereas, if Alfred spills the being american, beans on Bill's philandering no crime is report writing book fair, committed. May be one could liken Alfred's act to that of Edward who, seeing Faye drowning, will not throw her a rope unless she agrees to pay him $5000. Salesman!  This is surely exploitative of Faye's situation, but is writing on world book, it coercive? Were Edward to have pushed Faye into the water in the first place, there would indeed be an argument for saying that the demand for $5000 was coercive; but ex hypothesi he did not, and so, given that he does not violate a legal obligation in not throwing a rope to her, it is hardly coercive for him to demand something for his assistance.  Bill's follies, likewise, are his own doing, and essay on qualities of a salesman not the result of a set up by Alfred, and if Alfred has come into report fair possession of information that could be Bill's undoing, may he not offer to withhold it on his own terms? Blackmail and Exploitation. Perhaps, as I suggested in the last paragraph, blackmail should be seen as exploitative. That is, in blackmailing Bill, Alfred takes advantage of Bill's vulnerability. If so, should this justify its legal proscription?
Note, first of all, that the notion of exploitation is none-too-clear; it is, for example, used by tourism Marxist writers to characterize ordinary capitalist labor relations: in writing book, making a profit, employers of labor are said to eckerd college essay return to their employees less than the full value of their labor. Their vulnerable position (their need to eat, support families, and writing on world fair so forth) makes them vulnerable to essays such shortchanging. But even with a less expansive and less tendentious understanding, there is a gap between exploiting another's vulnerabilities and doing something that should be considered illegal. If George exploits Harold's generosity to get a loan, or Ivan exploits John's poor management of a rival business or even John's sudden and report on world debilitating illness to gain a larger share of the market or to salesman put John out of business, neither George nor Ivan have done anything illegal, however opportunistic they may have been. So, if Alfred exploits Bill's vulnerability to make some extra money for himself, why should his act be proscribed by law? Blackmail and Privacy. It might be argued that blackmailers threaten a right one has to privacy. There is, it may be said, certain information about report writing on world oneself over which one should have control. It is one's own business, and essays not the business of others. If it is to be given out, it is on world book, appropriately given out only if one has consented to its being shared.
If others come by that information accidentally or because someone with whom one has shared it has violated confidentiality, that is too bad. The third party is not guilty of essay on jealousy, any wrongdoing in having or sharing the report writing fair, information. However, if the third party, realizing that one wanted to keep the information to oneself, now chooses to use it as leverage for self-enrichment then that person is violating the being, privacy rights of report fair, another no less improperly than the person who taps one's telephone or bugs one's house or looks in one's personal files. But there are significant differences between these various cases. Interested Essay! The person who taps one's phone or bugs one's house or looks at report on world, one's files has undoubtedly violated one's property rights in history, some way- has trespassed, at least. Even private detectives are limited in what they may be permitted to do to obtain information. But the argument from privacy would outlaw private detectives altogether, just because they make a business of getting information that others want to keep secret.  The blackmailer need not violate any so-called privacy rights  to obtain his information: a sharp eye, an writing book open ear, and a little advantageous positioning may be all that is necessary. Were the potential blackmailer simply to pass on the information to other interested parties no legal offense would be involved.
Why should that change if the essays history, blackmailer seeks to take advantage of what he knows by seeking cash for silence? Even after their so-called victims have paid up, blackmailers sometimes come looking for on world book fair more. The damaging information after all, may not have passed out of their heads or hands. It may therefore be argued that the only way to keep blackmailers from repeatedly approaching those who have bought their silence is to ban blackmail altogether.  But repeated attempts at blackmail maybe prevented much more easily if blackmail is decriminalized. All that is required is that blackmailers sign a contract with the american essays, blackmailee that stipulates the book, blackmailers' permanent silence in eckerd, return for a payment of $X. Report Writing On World Book! Then, if the blackmailer breaks his agreement (something he can do even when blackmail is illegal), he can be held liable for whatever damages might be stipulated or otherwise determined by the courts. Essay! In such cases, there will be something legally wrong about repeated blackmail that does not apply to the first occasion. What is more, to outlaw blackmail in the first instance because blackmail demands may be repeated in the future is not to punish someone for a past crime done but for a (potential) future crime- hardly what we have in on world book, mind when we speak of criminal justice.
If this were allowed to be a general legal principle, moreover, we would have to entrench in the law the concept of preventive detention, for all members of groups statistically over represented in the criminal category. In any case, the argument from repeated blackmail would hold in only a limited number of cases- those in which there was some likelihood that a further approach would be made or that the eckerd college essay questions, agreement would be breached. It would hardly provide a general argument against writing on world, blackmail. The Consequences of Blackmail. Most who favor blackmail prohibition do so on non-consequentialist grounds. They see something inherently problematic about the essay, transaction that constitutes blackmail.
Nevertheless, perhaps to boost such arguments, they often supplement them with observations about the effects that decriminalizing blackmail would probably have. Richard Epstein, for example, suggests that were blackmail to be legalized, it would encourage the formation of corporations such as his hypothetical Blackmail, Inc., an organization devoted to ferreting out embarrassing (or worse) information on people and then blackmailing them to have it kept quiet.  Assuming the profitability of such an report on world enterprise, a blackmailee might find himself the essays history, target of report on world book, numerous independent approaches and, to meet the financial obligations incurred by this, might be led (or even encouraged) into essay committing crimes to pay for his chronic secrecy need. But are such fears well founded? Epstein does not ever show that a world without anti-blackmail laws would spawn a Blackmail, Inc. And even were it to do so, it would not provide a sufficiently strong reason to report outlaw it or blackmail. The tastelessness or unseemliness of a social institution is not a sufficient reason to ban it or enterprises that exploit it. We would have as good reason to ban malicious gossip or The National Inquirer . Essay! And the social pressure that might lead a person into committing crimes to pay for secrecy would not differ substantially from the social pressure to be somebody or impress others, motivations that may be just as likely to lead people to commit crimes. 
A more limited consequentialist argument has been suggested by Jennifer Gerarda Brown.  She suggests that were blackmail in cases of incriminating information legalized, there would likely be a reduction of crime. The criminally inclined would face the report writing book fair, real possibility that they would have to split the being essays, profits of their criminality or otherwise pay to cover up their crimes, and such costs would constitute a significant deterrent to criminal activity. But this is book fair, actually an argument in on jealousy, favor of legalizing blackmail, not prohibiting it. As we noted at the beginning, there is report writing on world book fair, a real difficulty about on leadership legally differentiating payer- initiated from seller-initiated silence. If Bill learns that Alfred possesses damaging information that he might be inclined to disclose to writing on world others, and offers Alfred $5000 to keep quiet, it is hard to argue that Alfred has either coerced or exploited Bill, or that the transaction should be outlawed. The awkwardness of allowing such a differentiation of cases has led some writers to place in malaysia develop strategies for keeping them together. Thus Scott Altman has claimed: Evidentiary and definitional problems with payer initiation can undermine any power it has to report on world book separate coercive from non-coercive transactions. Some bargains appear payer-initiated because the payer initially suggests the deal. But the payer might only learn of the other party's intent to reveal the embarrassing information after that party discloses this intent in order to elicit an offer or payment.
Because this case cannot easily be distinguished from genuine payer initiation, permitting payer initiation can insulate paradigmatic blackmail cases from punishment.  Similar arguments used to be employed against all forms of euthanasia, lest it should become a cloak for murder. The solution, were we to persist in being essays, outlawing seller-initiated silence, would be essentially the on world book, same: the development of procedures that would allow- for most cases- clearer discriminations to be made. But since we do not accept the arguments against 500 word essay on leadership, blackmail laws in the first place, this rescue is book fair, unnecessary. Blackmail and essay on qualities Victimization.
Defenders of blackmail laws persist in report, calling the blackmailee a victim. Once seen as such, blackmailers are easily tarred with wrongdoing. Yet this characterization trades on the conflation of eckerd college, two distinct senses of victim. On one account, a victim is anyone who is damaged or harmed by some event: there are earthquake victims and victims of disease. On World Book! Blackmailees might be seen as victims or potential victims in essay, this sense. The information possessed by the blackmailer, if disclosed, will damage them in some way. And one might argue that if one kind of damage has been averted it has been averted only at a cost, and - at a stretch - that one is a victim of circumstances that have a cost.
But the term victim may also be used in a more restricted sense - as when we speak of report writing, someone being victimized. Here we have in mind someone whose rights have been violated, someone who has been illegally wronged by another. Is the person who is blackmailed a victim in this second sense? It would seem not: if Alfred were to disclose the damaging information about Bill no right of Bill's would have been violated. That he should refrain from college essay questions doing what he had a right to do in exchange for some monetary consideration does not change the writing on world, matter. (29) Those who persist in speaking of blackmailees as victims can mean victim only in the first sense. American! Yet it is only in the second sense, that victims might have some legitimate legal claim against others. The libertarian conviction is not simply that some instances of blackmail should not be criminalized but that it should never be criminalized.
The libertarian therefore needs to confront some hard cases. (a) Suppose Ken tells Leon that if Leon does not pay him $1000, he will report that Leon is guilty of a crime, which he is already suspected of committing. The libertarian would not forbid Ken from making this demand, or, if Leon does not pay, he would not prevent Ken from making the false report. Ken has free speech rights, including the right to speak falsely about report writing book fair another. True, the police-and courts-may subsequently accept Ken's word about Leon, so that Leon is unjustly punished, but if they do that, that injustice is on them for eckerd failing thoroughly to report writing investigate Ken's report. As noted above, any damage to Leon 's reputation is not damage to something over which Leon has any rights. (30) While the interested essay, foregoing is perfectly compatible with libertarian theorizing, it will strike many as repugnant.
After all, the law underlies the social order, even our very civilization. If one may with impunity place a spoke in the whee1 of report writing on world fair, justice in college questions, this manner, it bespeaks ill of the libertarian philosophy. But there is a solution to this quandary, even apart from the radical substitution of on world fair, libertarian for statist courts. (31) And that is to pay or tie up witnesses so that they are contractually obligated to tell the truth upon pain of contract violation. One of the great injustices of our present court system is that witnesses are in effected drafted into 500 word testifying, and, so, for that matter, are jurors. It would be legally illicit to bear false witness under such circumstances. But, contrary to Altman, the impropriety would then be one of extortion, or contract violation, not blackmail. b) What if Michael learns that Nicholas has embezzled $l million from his company, but suggests to Nicholas that for a payment of $56,000 he will not report it?
Surely, one might argue, Michael has a duty to report what Nicholas has done, and any attempt to profit from an agreement not to reveal it should be criminalized. Although some libertarians might balk at cases of writing fair, this kind, it is certainly open to others - myself included - to argue that whatever moral duty might be claimed to report the crimes of another (and not to profit from them), nevertheless there is no basis for legally requiring that the being american essays, crimes of another should be reported. Such positive duties- like the positive duty to report on world book fair be a good Samaritan- has no place in criminal law. Blackmail laws are often taken for on qualities of a successful salesman granted. Indeed, such is the report on world fair, moral objecctionableness of blackmail in many people's minds that they cannot imagine how the decriminalization of blackmail could possibly be supported.
But, like many other practices considered morally and socially objectionable, their objectionableness does not immediately or easily translate into a matter for the criminal law. It has been my contention that this is tourism, true of blackmail. As the paradox of blackmail should have alerted us, there's indeed something deeply problematic about criminalizing an act that conjoins two other acts that, in themselves, are not criminal. * Walter Block, author of Defending the Undefendable , is on world book fair, Professor of Economics at the University of Central Arkansas , Conway , Arkansas . Email: [email protected] . The author wishes to essay on leadership thank John Kleinig for his editorial support, which far surpassed the ordinary call of on world book fair, editorial duty. 1. Williams, Blackmail ,  CRIM. L. REV. 79, at 163 (1954). Essays! It was Williams who originally spoke of the paradox of blackmail.
The morality of the constituent acts is, perhaps less clear than their legality. But my concern here is with the writing fair, justification of essay of a successful, blackmail's criminalization not with its morality per se. 2. It might be claimed that using the example of extramarital affairs- though typical -unfairly prejudices the case in favor the opponent of blackmail. Many would feel that the philanderer deserved what was coning to report writing book him- whether it was blackmail or exposure. If the information were of a different but still mortifying kind - disclosure that a bank executive always took a rubber duckie into his bath, or wet his bed, or had a black/Jewish grandmother- would we feel as sanguine about the blackmailers opportunism? Perhaps not, but this would not show that the blackmailer should be punished for on leadership seeking to get something in return for silence. 3. Report Writing Fair! Authors offering arguments in favor of the present prohibition of blackmail are numerous. They include: Alldridge, Attempted Murder of the Soul : Blackmail, Privacy and Secrets . 13 OXFORD J. Essay! LEGAL STUD. 363 (1993); Altman, A Patchwork Theory of Blackmail , 141 U. PA. L. On World! REV.
1639 (1993); Becker, The Case Against Blackmail, unpublished MS (1985); Berman, The Evidentiary Theory of Blackmail: Taking Motives Seriously, 65 U. CHI. L. REV. 795 (1998); Boyle, A Theory of Law and Information . Copyright, Spleens , Blackmail, and Insider Trading, 80 CALIF. History! L. Report On World Book! REV. 1413 (1992); Brown, Blackmail as Private Justice , 141 U. Interested Essay! PA.
L. REV. Report On World Book! 1935 (1993); Campbell, Why Blackmail Should be Criminalized: A Reply to Walter Block and David Gordon, 21 LOYOLA OF LOS ANGELES L. 500 Word! REV. 883 (1933); Campbell, The Anomalies of Blackmail , 55 LEGAL Q. Rev. On World Book Fair! 382(1939); Coase, The 1987 McCorkle Lecture: Blackmail , 74 VA. Essay On Leadership! L. REV., 655 (1988); Daly Giertz, Externalities, Extortion, and Efficiency; Reply, 68 AM. Writing! ECON. REV.
736 (1978); DeLong, Blackmailers, Bribe Takers, and the Second Paradox , 141 U. P.A, L. REV. 1663 (1993); Ellsherg, The Theory and Practice of Blackmail, in history, BARGANING: FORMAL THEORY OF NEGOTIATION 343 (O.R. Young, ed. 1975); Epstein, Blackmail, Inc ., 50 U. CHI. L. REV., 553 (1983); Evans, Why Blackmail Should be Banned , 65 PHIL. On World! 89 (1990); Feinberg, The Paradox of Blackmail , 1 RATIO JURIS 83 (1988); J. FEINBERG, HARMLESS WRONGDOING (1990); Fletcher, Blackmail . The Paradigmatic Case, 141 U. PA. L. REV. 1617 (1993); C. FRIED, CONTRACT AS PROMISE 102 (1981); Ginsburg Shechtman, Blackmail: An Economic Analysis of the american essays, Law , 141 U. PA.
L. REV. 1849 (1993); Goodhart, Blackmail and Consideration in Contracts , 44 LEGAL Q. REV. 436 (1928), repr. in A.L. GOODHART, ESSAYS IN JURISPRUDENCE AND THE COMMON LAW 175 (1931); Gordon, Truth and Consequences : The Force of Blackmail's Central Case, 141 U. PA. On World! L. REV. l74l (1993); Gory, Nozick’s Argument Against Blackmail , 58 PERSONALIST 187 (1977); Gorr, Liberalism and the Paradox of Blackmail , 21 PHIL. PUB. AFF. 43 (1992); Haksar, Coercive Proposals, 4 POL.
THEORY, 65 (1976); Hale, Bargaining, Duress, and Economic Liberty , 43 COLUM. L. On Qualities! Rev. 603 (1943); Hale, Coercion and on world book Distribution in a Supposedly Non-Coercive State , 38 POL. SCI. Q. Essay Of A! 470 (1923); Hardin, Blackmailing for Mutual Good 141 U. PA.L.
Rev. 1787 (1993); M. HEPWORTH, BLACKMAIL: PUBLICITY AND SECRECY IN EVERYDAY LIFE 29-40 (1975); Isenbergh, Blackmail from writing A to C , 141 U. PA. L. REV. 1905 (l993); Jandoo Harland, Legally Aided Blackmail , 27 NEW L. Essay On Qualities Salesman! J. Writing! 402 (1984); Katz, Blackmail and Other Forms of Arm Twisting , 141 U. PA. L REW.
1567 (1993); Katz Lindgren, Instead of essay of a successful, a Preface , 141 U. PA. L. REV. 1565 (1993); Landes Posner, The Private Enforcement of Law, 4 J. LEGAL. STUD. 1 (1975); Lindgren, Unraveling the Paradox of Blackmail , 84 COLUM. L. REV. 670 (1984) Lindgren, More Blackmail Ink; a Critique of Blackmail Inc ., Epstein's Theory of Blackmail 16 COLUM. L. REV. 909 (1984) Lindgren, In Defense of report fair, Keeping Blackmail A Crimes: Responding to Block and Gordon, 20 LOYOLA OF LOS ANGELES L. REV.
35 (1986); Lindgren, Blackmail; On Waste, Morals and Ronald Coase 36 U.C.L.A. L. REV. 597 (1989); Lindgren, Kept in interested place in malaysia essay, the Dark; Owen's View of report on world fair, Blackmail, 21 CONN. L. REV. 749 (1989); Lindgren, Secret Rights: A Comment on Campbell's Theory of Blackmail , 21 CONN. On Leadership! L. REV. 407 (1989); Lindgren, Blackmail: An Afterword , 141 U. PA. L. REV. 1975 (1993); Lindgren, The Theory, History and Practice of the Bribery-Extortion Distinction , 141, U. PA. L. REV. Writing Book! 1695 (1993); Lyons, Welcome Threats and on leadership Coercive Offers , 50 PHIL.
425 (l975); Murphy, Blackmail; A Preliminary Inquiry, 63 MONIST 156 (1980); R. Writing On World Book Fair! NOZICK, ANACHY, STATE, AND UTOPIA (1974); Owens, Should Blackmail be Banned ?, 63 PHIL. 501 (l979); R.A. POSNER, ECONOMIC ANALYSIS OF LAW (4th ed. Interested Place In Malaysia Essay! 1992); Posner, Blackmail, Privacy and Freedom of Contract, 141 U. PA. L. REV. 1817 (1993); Shavell, An Economic Analysis of Threats and Their Legality: Blackmail, Extortion and report writing on world Robbery , 141 U. PA L. REV. 1877 (1993); Tooher, Developments in the Law of Blackmail in England and Australia , 27 INT.
COMP. L. Q., 337 (1978); Waldron, Blackmail as Complicity , unpublished MS (1992); Williams, Blackmail, supra n.1; Winder, The Development of Blackmail , 5 MODERN L. REV. Essay! 21 (1941). 4. In contrast, here is the writing on world, libertarian case for the repeal of laws prohibiting blackmail: Mack, In Defense of Blackmail, 41 PHIL. STUD. 273 (1982); M.N. Eckerd College Essay Questions! R0THBARD, THE ETHICS OF LIBERTY (1998); M.N. ROTHBARD, MAN, ECONOMY AND STATE 443 n. 49 (1993); Block , The Blackmailer as Hero , THE LIBERTARIAN FORUM 1 (Dec. 1972); W. BLOCK, DEFENDING THE UNDEFENDABLE 44-49 (1976; 1991); Block Gordon, Extortion and the Exercise of Free Speech Rights; A Reply to Professors Posner, Epstein, Nozick and Lindgren , 19 LOYALAS OF LOS ANGELES.
REV. Report! 37(1985); Block, Trading Money for Silence, 8 U. Essays History Tourism! HAWAII L. REV. 57(1986); Block, The Case for De-Criminalizing Blackmail: A Reply to report book fair Lindgren and Campbell , 24 WESTERN STATE U. L.REV. On Jealousy! 225 (1997); Block, A Libertarian Theory of Blackmail , 33 IRISH JURIST 280 (1998); Block McGee, Blackmail from A to Z , 50 MERCER L. On World Book Fair! REV. 569 (1999); Block, Towards a Libertarian Theory of essays history tourism, Blackmail , J. LIBERTARIAN STUD. (forthcoming); Block McGee, Blackmail As a Victimless Crime , 31 BRACTON L. J. 24 (1999); Block, Kinsella, Hoppe, The Second Paradox of Blackmail , Q, J. BUS. ETHICS, (forthcoming); Block, Let's Legalize Blackmail , SETON HALL L. Rev (forthcoming); Block, Blackmailing For Mutual Good VERMONT L. REV. (forthcoming); Block Anderson, Posner on report book, Blackmail; A Critique (forthcoming); Block, Blackmail and Economic Analysis , THOMAS JEFFERSON. College Essay! REV. (forthcoming); Block, Threats, Blackmail, Extortion, Robbery and Other Bad Things TULSA L. REV. (forthcoming); Block, Blackmail is Private Justice , U. On World Book Fair! BRIT. Interested Place In Malaysia! COLUM. L. Writing! REV. (forthcoming).
5. Katz, Blackmail and Other Forms of Arm Twisting , supra n. 3, at 1567-68. Sometimes the threat may take the form of an offer- though of essays history tourism, a form that Hillel Steiner refers to report book fair as a throffer- in history, which failure to take it up is associated with threatened consequences. Book! See Steiner, Individual Liberty , 75 ARISTOTELIAN SOC’Y PROC. 33, at interested in malaysia, 39 (1974-75). 6. Mack, In Defense of report fair, Blackmail , supra n. 4, at 277. To counter the response that these are cases in which the blackmailees are being blackmailed only into not doing something, Mack suggests that the factory owner might be blackmailed into donating money for college essay Cambodian relief (278).
7. Fletcher, Blackmail; The Paradigmatic Case , supra n. 3. 8. Gordon, Truth and Consequences , supra n. 3, at 1744. 9. See Altman, A Patchwork Theory of on world book fair, Blackmail , supra n. 3, at being, 1640. 10. Restaurants and supermarkets often donate day old food to report on world book fair the poor. 11. Gordon, Truth and Consequences , supra n. 3, at 1746. Mack's counter-examples (supra n. 6) cast some doubt on being essays, the generality of this claim.
12. In actual fact, a blackmailer's motives might be much more complicated. Although taking monetary advantage of report writing book fair, a situation may well be one consideration, moral umbrage might also figure, along with, say, a more remote desire to obtain money to pay for a sick child's operation. Gordon's characterization of the tourism, blackmailer's intent might- in certain cases, at least-apply equally to many other currently legal commercial ventures, which people may undertake. 13. Altman, A Patchwork Theory of Blackmail , supra n. 3, at 1641. 14.
The simple fact of a threat is report on world book, not sufficient to make the act coercive (and hence illegitimate). If I threaten to 500 word essay sue you for report writing on world the damage you have caused to interested my car, unless you pay for on world fair its repair, my threat constitutes no illegitimate coercion. Should it be argued that some threats one has a right to make (as in the latter case) whereas others one has no right to history make (as in blackmail), the libertarian will reply that this begs the question: Why should Alfred not threaten to reveal Bill's extra-marital affairs unless some payment is made? 15. Should it be objected that the writing on world book fair, destruction of 500 word, reputation by report writing on world means of disclosure of information about one does constitute a violation of rights (as is sometimes allowed by laws against libel and defamation), the on qualities of a salesman, libertarian will respond that the book fair, question is begged. A libertarian would not agree to the enforceable securing of place essay, reputation against damaging information. On this see W. BLOCK, DEFENDING THE UNDEFENDABLE, Supra n.4, at 59-62; M. ROTHBARD, ETHICS OF LIBERTY, supra n. 4, at 121-22. 16. For this argument, see Altman, A Patchwork Theory of Blackmail , supra n. 3, at 1642, fn. 11.
For a rejoinder, see Block McGee, Blackmail As a Victimless Crime supra n. 4, text at note 23. 17. That may be too strong: perhaps there is a moral or religious obligation not to gossip about others. And perhaps what is private does not change its status as a result of becoming known to another. Report Book! But there is no enforceable legal obligation not to pass on the information that has come into one’s possession. 18. Katz, Blackmail and Other Forms of Arm-Twisting , supra n. 3, at 500 word on leadership, 1599. 19. See Altman, A Patchwork Theory of Blackmail , supra p. 3, at 1643. 20. I am, of course, assuming that there is no Good Samaritan law requiring that assistance be given.
Were there such a law, a libertarian would of course oppose it. 21. That surely goes for investigative reporters, newshounds, and report on world fair gossip columnists as well. They also profit from information that others would prefer to essay salesman keep secret. 22. Libertarians reject privacy rights that are not reducible to property rights- rights not to have one's property bugged or phone tapped.
See M. ROTHBARD, THE ETHICS OF LIBERTY, Supra 4, at 121-22. 23. Although some jurisdictions do recognize torts for violation of privacy, libertarians are opposed to such constraints, because such torts must allow -what I challenge- that people can have property rights in their reputation. 24. See e.g., Fletcher, Blackmail: The Paradigmatic Case , supra n. 3, at 1623, 1627. See also Altman, A Patchwork Theory of Blackmail , supra n. 3, at 1648. Fletcher sees the possibility of the blackmailer's coming back for more as constituting a permanent domination of the blackmailer over on world, the blackmailee. But that is on qualities successful salesman, only if no contract is made between the blackmailer and blackmailee forbidding any further claims. 25.
Richard Epstein, Blackmail, Inc ., supra n. 3. 26. On World! For an being american essays extended discussion, see Block Gordon, Extortion and the Exercise of Free Speech Rights , supra n. 4. 27. Report Book! Brown, Blackmail as Private Justice , supra n. 3. 28. Altman, A Patchwork Theory of essay on leadership, Blackmail , supra n. 3, at 1649. 29. Indeed, one might be inclined to report writing book fair argue that the blackmailer displays a kind of essay, decency toward the blackmailee by offering him a way out of report writing fair, his predicament (the blackmailer's opportunity to damage the potential blackmailee by disclosing- as he has a right to do- the history, information he has on him).
The gossip provides no such injury-averting option. See Block Gordon, Blackmail, Extortion and Free Speech , supra n. 4, at report book, 39: In contrast to history tourism the gossip, who tells the secret without even affording the victim the opportunity of book, purchasing silence, the blackmailer can be seen as a benefactor. 30. See W. BLOCK, DEFENDING THE UNDEFENDABLE, supra p. 4, at 59-62; also, M. ROTHBARD, THE ETHICS OF LIBERTY supra n. 4, at l26-27. 31. On this see M. ROTHBARD, FOR A NEW LIBERTY (1973)
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Kellogg Video Essay: Practice Here. Why do you think MBAs are so sought after by employers? Why are they able to command the salaries they do? The answer is that employers are looking for on world book, the best and interested place in malaysia, the brightest to report on world book fair take on leadership roles within their organizations. A lot of being essays people assume that companies recruit MBAs for their intelligence combined with two years of practical training. On World! While that’s partly true, the reality is that MBAs aren’t the ‘smartest’ people out there in absolute (there are a myriad of grad and PhD students out there that far surpass the essays history average MBA in writing on world raw intelligence). Beyond that, anybody could buy a bunch of business textbooks online and acquire a lot of the 500 word essay knowledge one would otherwise obtain in report on world fair the MBA classroom. I said that employers are looking for the best and the brightest but actually they are looking for an elusive combination of essay of a successful salesman best and report writing on world fair, brightest.
The bright part you can learn but the essays history tourism best part tends to report writing on world book be something intrinsic to the individual herself. In that sense an MBA can round out someone with natural potential but an MBA can never transform someone without it. Bright (smart with practical business training) + Best (a natural leader: friendly, charming, persuasive, a self-assured public speaker with the soft skills essential for a manager) = MBA. Kellogg (like every other school) cares about eckerd college essay personality, communication style, and fair, the likability of applicants. 500 Word Essay On Leadership! I call this ‘ presenting well ‘ (and that doesn’t mean being a PowerPoint ninja). Most schools screen for this during their interview process. But if you think about it, that’s a very inefficient strategy because the on world fair Adcom doesn’t really have a sense of what percentage of the candidates it invites to on jealousy interview will present well until they walk through the door.
By that time the on world Adcom is stuck choosing the incoming class from the pool it interviewed. Maybe 80% will present well, maybe only on leadership 30% will. Kellogg wants to interview a cohort of writing on world book applicants in which 100% present well. That’s why Kellogg is pre-screening applicants via the video essay. NYU Stern does the essay same thing via their Personal Expression Essay. Chicago Booth and MIT Sloan do it via their optional multimedia essays.
In the report writing on world book video essays, Kellogg isn’t looking for the best orators – students will have time to hone their communication and presentation skills in Kellogg’s courses and clubs. Likewise, they are not looking for interested place in malaysia, any particular opinion or response. They just want to see what you, the report on world unpolished candidate, look like in a spontaneous situation. As such, the your main job is to be yourself – to relax, feel comfortable, and essay on qualities of a successful, communicate naturally as they would if they were talking to a friend. The flip side of report writing book that is that if you memorize answers and recite them verbatim you’ll come off as very robotic. I had a candidate one year that wrote out, word for word, and then memorized answers to every question the essay Adcom could possibly put to him during an interview. He sent me a video of himself ‘interviewing’ and I was shocked by how bizarrely he came across: He didn’t make any of the natural pauses in his spoken language that people do when they are answering a spontaneous question. Writing On World Fair! He spoke rapidly and 500 word, incessantly in a bizarre monotone with no facial expression or hand gesturing to punctuate what he was saying.
That’s because he wasn’t thinking about what he was saying, he was reciting what he had already memorized. Writing Book! No amount of essay on qualities of a salesman coaching from me was able to report on world book fair ‘undo’ the damage and it resulted in some deeply painful rejections from top five business schools. He thought that he could outsmart the essay on leadership system but ultimately he shot himself in the foot. Here’s what Kellogg’s Adcom tells us about their video essay: The Video Essays provide applicants with an additional opportunity to demonstrate what they will bring to report on world book fair our vibrant Kellogg community – in an interactive way. Each applicant will complete two short video essay questions. The questions are designed to bring to life the person we have learned about on paper. After submitting a completed application, each applicant will be asked to complete two Video Essay Questions.
One will be about the candidate’s interest in Kellogg and essay on jealousy, the other will be a “getting to report writing book fair know you” type of question. Here’s what you need to know about Kellogg’s video essay: After you submit your application to Kellogg, the video essay will become available to you in your Kellogg applicant dashboard. You have one week after the application deadline to complete the video essay. Interested Place In Malaysia! If you submit in report Round 1 you need to complete the essay by October 2nd, if you submit in Round 2 you need to submit by January 18th. Essays Tourism! There are two video essay responses you will give, one axed on on world fair, your interest in Kellogg while the on jealousy other will be more axed around you. Before you give your actual response you’ll have up to report writing on world 10 practice questions to get comfortable with the video interface. When you give your official video responses you’ll have 20 seconds to think about the question and then one minute to respond to it. II Common Kellogg Video Essay Questions. This year Kellogg has decided to share the first question with applicants ahead of time.
The Kellogg question is: What path are you interested in pursuing, how will you get there, and why is this program right for you? This is the typical Career Goals/Why MBA? question condensed down into essay salesman a one-minute format. Report On World Book! Most applicants will take the time to prepare the question prior to their video interview. Here is how you might structure that response. Goals : State your short long term goals. Give an interested place in malaysia essay, example or two of the type of company you’d like to work at on world, post-MBA as well as the role you hope to interview for. Backstory : Briefly mention how your past work experience, training, extracurricular activities or personal passion tie in with your short-term goal.
Action Plan : Is your transition to role X a natural one given your past experience? For most people the answer is: not completely. How will you prepare yourself for your future role (via networking opportunities, classes, clubs, projects etc.)? Growth Plan : Think about what your true weak points are and how you might leverage your two years at business school to work on being, them. Example: Become more extroverted > public speaking, voice opinion via case method; Get outside comfort zone > treks, student talent show.
Cultural : What about Kellogg really resonates with you? What excites you? This is fair where you really want to bring the charm and in malaysia essay, your excitement at writing fair, the prospect of essay being a part of the report writing on world fair Kellogg community. Mention one thing you might gain and one thing you might contribute. Kellogg’s second video essay question will be axed around you. Typically it’s either a personal question, a behavioral question or an opinion-based question. In section III (below) you have an essay, opportunity to practice giving answers using a video interview software and 30 questions from report book fair, previous years. III Practice giving a Kellogg Video Essay: Record Playback. The problem with video (and watching yourself on in malaysia, video) is that it is almost always a traumatic process.
People tend to report on world fair be overly self-critical so if you do record yourself practicing for essay on jealousy, Kellogg’s video interview don’t allow the process to undermine your self-confidence. Report Writing Book Fair! Avoid becoming preoccupied with small, inconsequential issues such as hand-gestures or body language, because that may potentially sabotage your ability to just naturally be yourself. The goal of interested in malaysia practicing should be to improve your ability to think and speak spontaneously. So here’s the cool part! You can click on report writing on world book, the record button below and essay on qualities of a successful, an interactive video recorder will open and allow you can record, play back and re-record video of yourself answering Kellogg’s questions. Your browser doesn't support Adobe Flash, sorry. Please install Adobe Flash plugin. Get Flash Player.
I’ve hidden the book fair Kellogg questions behind spoiler tabs so you don’t accidentally read all of them at first glance. Essay! There are 2 questions in report writing on world book every section. Take some time to interested place in malaysia essay actually practice looking at a question for the first time, giving yourself 20 seconds to prepare an answer, and then another 60 seconds to answer. Then go back and writing book, watch the 500 word essay on leadership video of report writing yourself. What path are you interested in pursuing, how will you get there, and why is this program right for you?
Goals : State your short long term goals. Essays Tourism! Give an example or two of the type of writing on world fair company you’d like to work at post-MBA as well as the on qualities successful salesman role you hope to interview for. Backstory : Briefly mention how your past work experience, training, extracurricular activities or personal passion tie in with your short-term goal. Action Plan : Is your transition to role X a natural one given your past experience? For most people the answer is: not completely.
How will you prepare yourself for your future role (via networking opportunities, classes, clubs, projects etc.)? Growth Plan : Think about what your true weak points are and how you might leverage your two years at business school to work on them. Example: Become more extroverted > public speaking, voice opinion via case method; Get outside comfort zone > treks, student talent show. Cultural : What about Kellogg really resonates with you? What excites you?
This is where you really want to bring the charm and your excitement at the prospect of being a part of the Kellogg community. Mention one thing you might gain and one thing you might contribute. 2. Tell us about how you overcame an obstacle. 4. If you could keep one of your personal strengths, possibly losing one or more of the others, which would you choose? 6. Writing On World! What kind of a team player are you? 8. 500 Word Essay! When you leave your job for b-school, what will your teammates miss most about report writing book you? 10. Tell us about someone you admire, and why. 2. Tell me about a time that you disagreed with a colleague and how did you handle it? 4. Tell us about a time when your idea was challenged.
6. Tell us about a time when you were on a team and there was disagreement among team members. What did you do? 8. Tell us about a time when you were pleasantly surprised by a work situation. 10. Please describe a creative solution that you have come up with for successful, a problem. 2. If you were going to donate $1M to report book fair the university, how would you want it spent? 4. Tell us, in your view, one downside for business due to globalization. 6. Discuss your thoughts about the interested in malaysia essay following statement: “Business leaders are the report writing on world fair world’s new role models and they are failing.”
IV Kellogg Video Essay Tips on Lighting, Clothing Location Selection. You can use a couple of floor lights and perhaps a clamp or desk light to achieve this lighting set-up. You’ll need two key lights and one fill light. Interested In Malaysia! The key lights are placed about report writing fair 2-3 feet away from you at about a 35 degree angle from your nose. The key lights help eliminate any shadows (they literally fill in every crevice in your face from both the left and essay questions, the right). The fill light should be placed behind you, angled towards the top of your head. On World Book Fair! The fill light helps to differentiate the top of your head and essay, shoulders from the background. Without it people look more two-dimensional on film. I use 100 watt equivalent florescent bulbs and Rosco Tough White #3026 diffusion paper $6/sheet ( you can purchase it at BH by clicking here ). That said, the diffusion paper is more for shooting high def video with a high quality camera (it might not make any difference if you’re just filming with a webcam).
Kellogg Video Essay: Background Location. Whatever background or location you choose, I’d advise you to stay away from windows altogether because it can cause overexposure and other lighting problems. Book Fair! Notice how the right side of this person’s face is lit up and the left side is in shadow? That’s because of the window behind him. If you decide to film at home or in the office, look for a small space without a lot going on in the background. The first two slides in the presentation below illustrate what you don’t want – a wide angle view of the interested place essay entire office. Look for a corner or small space with a limited amount wall hangings and other decorations in view. I recently saw this video which was created by a student applying to NYU Stern . The picture is from the video. Report Writing Fair! The living room is too ‘busy’ with flowers, furniture, lots of pictures and stenciling on the wall. The shot is from too far away – ideally you want just your head and on leadership, shoulders visible. Finally the candidate’s shirt looks disheveled – I feel like he just ate a turkey dinner and had to undo a few buttons :/
I’d highly suggest buying a roll of Savage Seamless Background Paper for $10 here . You’re going to need 53? x 12 yards (no more and writing book, no less). Personally I use Thunder Gray for my videos but you can buy whatever color you like. Eckerd College Essay! Keep in writing on world fair mind that red, yellow and orange might cause you to look sort of red, yellow or orange yourself. If you want to play it safe go for any shade of 500 word essay on leadership gray, blue, purple or beige. Below you’ll find examples of some of the colors Savage offers. If you want to achieve the effect on the left hand side, you’ll need a light behind your chair pointing at the paper which will create a gradient effect and also remove the writing on world shadow your head casts on the paper. So you’ll have to add a fourth light to essay on jealousy your three-point lighting set-up or a second light to your ring light set-up. The right hand version is done with just lighting pointed at the subject and creates a much flatter background effect.
Either is report on world fair fine. In general you want to avoid black and on leadership, white because they are such saturated colors they tend to dominate a scene. On World Book! If you’re using a color background then you want to wear neutral colors (gray, beige). American Essays! If you are using a gray, white, black or beige background then you can wear a color that looks good on you. The idea is to have one focal color in the shot (either the background or your top/shirt). Ideally just your head and report writing, shoulders should be visible in the shot so both men and women are going to want to choose a shirt or top that pretty much comes all the way up to your neck or collar bone. The video essay is supposed to assess how well you’ll fit in the Kellogg community – so think about what you might wear to class at Kellogg….probably something nice but casual right? You don’t want to look like Donald Trump in your video – you want to look smart, friendly and laid back. Guys : Wear a solid-colored, rounded-neck, t-shirt or wear a solid-colored button down shirt (light gray looks good on everyone). While a t-shirt might seem too casual to wear to essay an interview, on camera it will look clean and the solid material will make you pop. I’d ditch the suit jacket and tie because honestly there won’t be enough of it in writing on world book the shot and it’s just going to add yet another color to the mix.
Ladies : Here are some things to avoid based on my own trials and errors filming professional videos. Wearing a scoop or deep v-neck tends to give viewers the impression that something is missing (i.e. you’ll look strangely naked) when the shot is only of history your head and shoulders. Thin and flimsy materials don’t look great on writing on world fair, camera so avoid silk, polyester and anything that lacks shape or clings to your body. Interested Essay! I’d avoid wearing a suit jacket because honestly there won’t be enough of it in a head and shoulders shot and it’s just going to add yet another color to the mix. What will look great is anything with a high, rounded neckline – one that comes up to your collarbone or neck. You’ll look great in report on world book a rounded-neck, solid colored t-shirt. While that might seem too casual to essay wear to an interview, on writing on world, camera it will look clean and the solid material will make you pop. Cashmere is another material that always looks good on video because it’s a thick and has a matte finish. A solid-colored button down shirt would also be a good choice. Would I recommend Leah?
Oh yes, without a doubt. She truly helped me in ways I could not imagine, and essays, I am so excited to be going to business school this fall. Leah's creativity is unmatched which is exemplified with the stupendous work she did on my Chicago Booth Essays. Her work ethic and willingness to spend as much as time it takes to report book get the right answer is incredible. I finally had multiple offers from top schools (Kellogg, LBS, Booth) while I was waitlisted at HBS.