White Collar Crime in America Research Paper Example | Topics and Well Written Essays - 2000 words

White Collar Crime in America - Research Paper Example â€Å"White-crime statistics are drearier still. Though two out of every three Americans have been the victims of a white-collar crime, 85 percent of victims don't file reports with the authorities. An untold number may never even know they have been the victims of crimes such as stock manipulation, double billing for purchases, unnecessary home or auto repairs, embezzlement, or as evidenced by recent events, Ponzi schemes.† (O'Donnell, Jan 29, 2009.) Is there a permanent solution to root out white-collar crimes from American society and if so what are the measures to be initiated? White collar crime baffles definition. The industrialization and the internet revolution which are the foundation stones of the materialistic civilization have contributed much to the advancement of the white-collar crime. Explaining the inability of the thinkers and writers on the subject to come to an acceptable conclusion to tender a definition that is acceptable to all, David O Friedrichs goes to elaborate the major crimes which can be classified as white collar crimes. He writes, â€Å"Some of these terms include economic crime, commercial crime, business crime, marketplace crime, consumer crime, respectable crime, â€Å"crime at the top†, â€Å"suite† crime, elite crime and deviance, official crime and deviance, political crime, governmental crime, state (or state-organized) crime, corporate crime, occupational crime, employees crime, vocational crime, techno-crime, computer crime †¦.†(Friedrichs, 2006, p, 5) That which is evident needs no further app reciation, explanation or elaboration. White collar crime has taken hold many segments of society and is growing in all directions like the octopus. This is also a contentious topic- whether one is committing a legitimate business activity in a free enterprise system which is the hallmark of a capitalist society or indulges in white-collar crime.  

Communication in Economics Essay Example | Topics and Well Written Essays - 250 words

Communication in Economics - Essay Example It is quite apparent that currencies and stock markets in emerging economies particularly in countries such as South Africa, India, Turkey and Indonesia among others got affected as several investors are starting to pull back their funds from the emerging economies due to financial fluctuations. According to the report, the US Federal Reserve has scaled back nearly US$85 billion from the developing nations during the period of August’ 2013 (Catan, Anand and Murphy, â€Å"In Turmoil, Emerging Markets Raise Rates†). It can be apparently observed in this recent times that India’s Rupee, Brazil’s Real, Turkey’s Lira and Indonesia’s Rupiah have fallen considerably against US Dollar. In this regard, the investors are presently hastening to purchase dollar because of the expectation that the US will start to cut the monetary stimulus. Due to this reason, emerging markets or economies are increasing the interest rates with the intention that this might assist in stanching the massive outflow of funds through making the assets of the developing nations more attractive especially for the investors (Akhtar, â€Å"Pressure Building on Emerging Markets†). Catan, Thomas, Shefali Anand and Tom Murphy. In Turmoil, Emerging Markets Raise Rates. The Wall Street Journal, 2013. Web. 01 Sep. 2013