Work, Economy and Organizations Commons^™

Unwilling Gamblers And Loaded Dice: Considering Recession And Crisis As A Natural Effect Of Financial Capitalism, Darlene N. Moorman

The Downtown Review

Under financial capitalism, ordinary people are increasingly becoming 'unwilling gamblers' of a risky and unstable system. This paper explores the social and institutional change behind the neoliberal movement and considers how the politics and policies of neoliberalism have contributed to a certain environment of financial instability. Looking at the changing nature of the economy, the rapid expansion of the financial sector, and the persisting issue of moral hazard underlying risky and speculative behaviors among other items, reveals a financial system in which recessions and crises can be considered a natural, although not inevitable, effect.

In Need Of A Hero? The Creation And Use Of The Legend Of General George S. Patton, Jr., Nathan Curtis Jones

Electronic Theses and Dissertations

During WWII, General George Patton became the hero Americans needed through the creation of a self-crafted brand and with help from journalists. After Patton’s death, opportunists forwarded a legend narrative that developed into a collective memory that morphed over time to meet contemporary challenges. Stakeholders of that collective memory commemorated and memorialized the dead hero for monetary and political gain, to promote patriotism, make military doctrinal changes, and even promote peace. Today, this collective memory has potential for the U.S. Army as it transforms civilians into soldiers and officers. This study contributes to history and memory studies by linking representations …

Basel Iii B: Basel Iii Overview, Christian M. Mcnamara, Michael Wedow, Andrew Metrick

Journal of Financial Crises

In the wake of the financial crisis of 2007-09, the Basel Committee on Banking Supervision (BCBS) faced the critical task of diagnosing what went wrong and then updating regulatory standards aimed at preventing it from occurring again. In seeking to strengthen the microprudential regulation associated with the earlier Basel Accords while also adding a macroprudential overlay, Basel III consists of proposals in three main areas intended to address 1) capital reform, 2) liquidity standards, and 3) systemic risk and interconnectedness. This case considers the causes of the 2007-09 financial crisis and what they suggest about weaknesses in the Basel regime …

Lessons Learned: James B. Lockhart Iii, Ben Henken, Dan Thompson

Journal of Financial Crises

Insights from discussions with James B. Lockhart III, who was the Director (CEO) and Chairman of the Oversight Board of the Federal Housing Finance Agency (FHFA) upon the agency’s creation on July 30, 2008. Topics include the conservatorships of Fannie Mae and Freddie Mac as well as other elements of the Bush Administration's 2008 crisis response activities.

Jpmorgan Chase London Whale H: Cross-Border Regulation, Arwin G. Zeissler, Andrew Metrick

Journal of Financial Crises

As a global financial service provider, JPMorgan Chase (JPM) is supervised by banking regulatory agencies in different countries. Bruno Iksil, the derivatives trader primarily responsible for the $6 billion trading loss in 2012, was based in JPM’s London office. This office was regulated both by the Office of the Comptroller of the Currency (OCC) of the United States (US) and by the Financial Services Authority (FSA), which served as the sole regulator of all financial services in the United Kingdom (UK). Banking regulators in the US and the UK have entered into agreements with one another to define basic parameters …

Jpmorgan Chase London Whale G: Hedging Versus Proprietary Trading, Arwin G. Zeissler, Andrew Metrick

Journal of Financial Crises

In December 2013, the primary United States financial regulatory agencies jointly adopted final rules to implement Section 619 of the Dodd-Frank Wall Street Reform and Consumer Protection Act, which is often referred to as the “Volcker Rule”. Section 619 prohibits banks from engaging in activities considered to be particularly risky, including proprietary trading and owning hedge funds or private equity funds. Banking regulators designed the final rule against proprietary trading in part to prevent losses like the $6 billion London Whale loss that took place in 2012 at JPMorgan Chase. Given the controversial nature of the Volcker Rule, it is …

Jpmorgan Chase London Whale F: Required Securities Disclosures, Arwin G. Zeissler, Giulio Girardi, Andrew Metrick

Journal of Financial Crises

On April 13, 2012, JPMorgan Chase (JPM) Chief Financial Officer Douglas Braunstein took part in a conference call to discuss the bank’s first quarter 2012 earnings. Coming just a week after media reports first questioned the risks taken by JPM derivatives trader Bruno Iksil, Braunstein made a series of assertions about the trades. On May 10, JPM finalized its first quarter financial results, which included some disclosures regarding Iksil’s trading that were substantially different from Braunstein’s statements of April 13. At issue is whether the regulatory filings on April 13 and May 10, as well as verbal comments by Braunstein …

Jpmorgan Chase London Whale E: Supervisory Oversight, Arwin G. Zeissler, Andrew Metrick

Journal of Financial Crises

As a diversified financial service provider and the largest United States bank holding company, JPMorgan Chase (JPM) is supervised by multiple regulatory agencies. JPM’s commercial bank subsidiaries hold a national charter and therefore are regulated by the Office of the Comptroller of the Currency (OCC). Since the bank’s Chief Investment Office (CIO) invested the surplus deposits of JPM’s commercial bank units, the OCC was also CIO’s primary regulator. During the critical period from late January through March 2012, when CIO traders undertook the failed derivatives strategy that ultimately cost the bank $6 billion, JPM did not provide the OCC with …

Jpmorgan Chase London Whale D: Risk-Management Practices, Arwin G. Zeissler, Andrew Metrick

Journal of Financial Crises

JPMorgan Chase (JPM) prided itself on having the best risk-management practices in the financial industry, having survived the 2007-09 financial crisis in better shape than many competitors. Chief Executive Officer Jamie Dimon often spoke of the bank’s “fortress balance sheet.” A keen focus on risk management is vital to JPM’s longevity, as is the case with all highly leveraged financial institutions. However, the JPM Task Force that investigated the $6 billion 2012 London Whale trading loss concluded that risk-management practices at the bank’s Chief Investment Office (CIO), the unit in which the loss occurred, were given less scrutiny by senior …

Jpmorgan Chase London Whale C: Risk Limits, Metrics, And Models, Arwin G. Zeissler, Andrew Metrick

Journal of Financial Crises

Value at Risk (VaR) is one of the most commonly used ways to measure and monitor market risk. At JPMorgan Chase (JPM), very large derivative positions established by Bruno Iksil in the Synthetic Credit Portfolio (SCP) caused the bank’s Chief Investment Office (CIO) to exceed its VaR limit for four days in a row in January 2012. In response, the CIO changed to a new VaR model on January 30, which appeared to immediately reduce VaR by half. However, JPM soon discovered that this new VaR model had not been properly implemented and the bank went back to using the …

Jpmorgan Chase London Whale B: Derivatives Valuation, Arwin G. Zeissler, Andrew Metrick

Journal of Financial Crises

After consistently producing positive results through 2011, the JPMorgan Chase (JPM) traders who oversaw the bank’s Synthetic Credit Portfolio (SCP) grew alarmed by a consistent string of losses beginning in January 2012. (The SCP was maintained by JPM to help hedge default risk and was the source of the 2012 London Whale trading loss.) To minimize the losses reported to their superiors until such time that market prices hopefully turned in their favor, the SCP traders began valuing their largest derivative positions in a manner that was not consistent with Generally Accepted Accounting Principles (GAAP) and JPM policy. The fair …

The Critical Need For Mental Health Education To Be Mandated In New Mexico's Public Schools, Bonnie L. Murphy

Shared Knowledge Conference

Based on a review of research and best practices in mental health awareness and skills, this inquiry project argues for state legislative policies that would require mental health awareness and skills in the K-12 curriculum. Mental health affects individual accomplishments in every stage of people’s lives beginning in early childhood and throughout the life cycle. Prevention and treatment of mental illness plays a key role in the ability of an individual to cope with loss and develop resiliency and perseverance in challenging times and to make better decisions that improve the individual’s life and the lives of those around them. …

Different Names For Bullying, Marco Poggio

Capstones

“There's all different forms of bullying,” says Steven Gray, a Lakota rancher and former law enforcement officer living in South Dakota. In this look into Gray’s life, we learn about two instances of bullying: the psychological and physical harassment that pushed his son, Tanner Thomas Gray, to commit suicide at age 12; And the controversial construction of an oil pipeline in an ancient tribal land that belongs to the Lakota people by rights of a treaty signed in 1851, which Gray sees as an institutional abuse infringing on the sovereignty of his people. Gray is involved in the movement that …

Contemporary Rhetoric, Ethics, And Human Rights Advocacy (Abstract), Richard K. Ghere, Kathleen Brittamart Watters

Kathleen Watters

This paper will discuss how rhetorical analysis might interpret current ethics conversation related to governance and re-position some of its touchstone rationales. Specifically, efforts in this paper will apply the ideas of preeminent rhetorician Gerald Hauser (the current editor of Philosophy and Rhetoric) about human rights discourses and of a reticulate (variegated) public sphere to intersection of governance and human rights advocacy.

Specifically, our paper will examine the rhetoric of various “exemplars” who advocate for causes and actions pertaining to human rights in particular contexts. In particular, we will incorporate case studies reviewing the public actions of the Russian …

Better Work And Global Governance, Paul Alois

Dissertations, Theses, and Capstone Projects

This dissertation is a case study of Better Work, a program run by the International Labor Organization and the International Finance Corporation. It aims to improve working conditions and productivity in the apparel industry. The purpose of this case study is to examine the role that international organizations can play in global governance. The research presented here comes from interviews, document analysis, and an examination of quantitative data on factories’ working conditions. In-person interviews were conducted in the United States, Switzerland, Vietnam, and Indonesia; many phone interviews took place with individuals in other countries. Both publicly available documents and internal …

Promoting Immigrant And Human Rights At The Local Level: A Case Study Of The Welcome Dayton Initiative (Abstract), Theo J. Majka, Jamie Longazel

Jamie Longazel

Hazelton, Pennsylvania and Dayton, Ohio represent contrasting examples of community reactions to increases in immigrants. Both cities have experienced de-manufacturing in recent decades. In reaction to an influx of Latinos, Hazelton enacted the 2006 Illegal Immigration Relief Act (IIRA) which placed severe restrictions on the rights of undocumenteds. In contrast, the Dayton City Commission passed the Welcome Dayton: Immigrant-Friendly City initiative in 2011 with the goal of facilitating the integration of immigrant residents.

Hazelton’s developers used tax incentives to establish warehouses, distribution centers, and a meatpacking plant, resulting in a significant demographic change.

However, in adopting a neoliberal approach, the …

A 'Revolution Of Values' In Immigrant Rights Advocacy (Abstract), Jamie Longazel

Jamie Longazel

We have moved from the era of civil rights to the era of human rights,” Martin Luther King Jr. told Southern Christian Leadership Conference members in 1967 as they prepared to launch the Poor People’s Campaign, “an era where we are called upon to raise certain questions about the whole society.” King called for a “revolution of values” and a recognition of the interconnectedness “of racism, economic exploitation, and militarism.” The goal of the campaign was economic security for all so that poor people can maintain dignity and “control their own destiny.” This paper lays out advocacy strategies applicable to …

Effective General Entrepreneurial Learning Programs For Sme Development, Paul Kenneth Steele

Capstone Collection

The principle objective of this paper is to reexamine the potential for impactful, general programs in education for Small and Medium Enterprise (SME) owners by assessing the success of a program called SME PRIME; conducted by AMIDEAST, Oman for six Omani entrepreneurs over a seven-month period.

General programs for entrepreneur education are produced and implemented the world over despite consistent assertions throughout academic literature that such programs are ineffective. Typical approaches to training program development and evaluation emphasize the critical role of training needs analysis. Training needs analysis is often an ignored step in the process of SME training program …

Opening Address: Mark Ensalaco, University Of Dayton Human Rights Center, Mark Ensalaco

Mark Ensalaco

No abstract provided.

Plenary Dialogue: Sustainable Human Development, J. Brinkmoeller, Ejim Dike, Kate Donald, Natalie Hudson, Jane Sloane

Natalie Florea Hudson

J. Mark Brinkmoeller is director of the Center for Faith-based and Community Initiatives with the U.S. Agency for International Development. Ejim Dike is executive director of the U.S. Human Rights Network. Kate Donald is director of the Human Rights in Development program at the Center for Economic and Social Rights. Natalie Hudson is director of the Human Rights Studies program at the University of Dayton. Jane Sloane is vice president of programs for the Global Fund for Women.

Presentation: Malawi Research Practicum, Richard Ghere

Richard K. Ghere

To train future human rights advocates and development professionals, the University of Dayton Department of Political Science sponsors an applied research practicum for undergraduate students in Malawi. Working closely with Determined to Develop, a Karonga-based NGO founded and directed by the University of Dayton alumnus Matt Maroon '06, practicum students spend eight weeks living, learning, and serving in the northern region of Malawi. Mr. Maroon serves as the practicum’s in-country coordinator and hosts the students at his economic development lodge, Maji Zuwa. Working closely with the local community leaders and organizations and other Malawian university students, each practicum student designs …

Contemporary Rhetoric, Ethics, And Human Rights Advocacy (Abstract), Richard K. Ghere, Kathleen Brittamart Watters

Richard K. Ghere

This paper will discuss how rhetorical analysis might interpret current ethics conversation related to governance and re-position some of its touchstone rationales. Specifically, efforts in this paper will apply the ideas of preeminent rhetorician Gerald Hauser (the current editor of Philosophy and Rhetoric) about human rights discourses and of a reticulate (variegated) public sphere to intersection of governance and human rights advocacy. Specifically, our paper will examine the rhetoric of various “exemplars” who advocate for causes and actions pertaining to human rights in particular contexts. In particular, we will incorporate case studies reviewing the public actions of the Russian rock …

Literature And Human Rights Violations In U.S. Borderlands (Abstract), Tereza M. Szeghi

Tereza M. Szeghi

This paper offers a comparative assessment of how Ana Castillo (in The Guardians) and Louise Erdrich (in The Round House) craft overtly didactic novels as a means of raising awareness about contemporary human rights violations in the U.S-Mexico and Ojibwe borderlands, respectively. I argue that placing their novels in conversation with one another calls attention to the ways that excess policing of borders and ambiguities regarding jurisdiction in border zones both (albeit differentially) contribute to human rights violations. It is not part of the general U.S. consciousness to think about our internal borderlands (i.e., those surrounding tribal lands), but when …

Privacy And Freedom Of Information In Organizational Contexts: Human Rights Issues In An Era Of Big Data (Abstract), Jo Ann Oravec

Biennial Conference: The Social Practice of Human Rights

Large-scale information collection and dissemination practices are acquiring greater economic and political significance in the everyday lives of citizens. Privacy and freedom of information issues are becoming more complex as “big data” and machine learning replace traditional forms of dossier collection, statistical analysis, and archiving. This paper explores the varieties of human rights issues that are emerging. The enormous amounts of data associated with social media systems and mobile applications have increased the number of facial recognition, locational tracking, socioeconomic analysis, and related practices being conducted by corporations as well as governmental agencies.

Often corporations and governmental agencies couple their …

Detaining Dialogue: Framing Treatment During The 2013 Guantánamo Hunger Strike (Abstract), Kristen Traynor

Biennial Conference: The Social Practice of Human Rights

In recent years, prisoner treatment during the “War on Terror” has re-emerged as a prominent topic in news headlines and government debate. However, the media’s framing of such treatment toward prisoners at Guantánamo Bay has received scant scholarly attention compared to that of Abu Ghraib.

With a focus on elite and media framing of treatment during the prisoner hunger strike from February to August of 2013, the goal of this paper is to explain whether government portrayal of prisoner treatment influenced the way the media framed the situation or whether the media acted with more autonomy. In the study, I …

Reciprocal Critique: A Dialectical Engagement Of Theology And Human Rights Discourse (Abstract), Diane Yeager

Biennial Conference: The Social Practice of Human Rights

Nicholas Wolterstorff puts the problem baldly: “The relation of Christians to human rights is a troubled relationship. It was not always so; it became so in the twentieth century.” A reviewer has accurately (if perhaps overdramatically) pointed out that “the assumption that rights talk is anathema to theology” functions as the ”chief impetus” propelling Ethna Regan’s ambitious and provocative Theology and the Boundary Discourse of Human Rights (2010).

While much of the discussion generated by Regan’s argument has centered on her efforts to show the constructive convergence of moral theology and the human rights movement (which she manages dialectically …

Religious Freedom And The Right To Convert: Laws Against Forcible Or Induced Conversion In India (Abstract), Laura Dudley Jenkins

Biennial Conference: The Social Practice of Human Rights

In early 2015 several Hindu nationalist leaders India have called for a national law against forcible or induced conversion. Laws against “forcible conversion” have been proposed and enacted an increasing number of Indian states in recent years. Some laws include higher penalties for conversions of lower castes or women, reinforcing paternalistic assumptions that they lack the agency or ability to determine their own religion. Based on their timing, anti-conversion laws seem to be politically motivated, used to rally the Hindu majority during elections by playing on fears of their declining numbers and potential threats of mass conversions. Both proponents and …

Catholic Social Teaching And Economic Rights (Abstract), John Sniegocki

Biennial Conference: The Social Practice of Human Rights

Catholic Social Teaching (CST) has much to contribute to ongoing discussions of human rights. One important feature of CST is its holistic understanding of human rights, which includes social and economic rights along with political/civil rights. This paper will explore the understandings of economic rights and of economic democracy that are developed in the Catholic social tradition, with particular attention to the thought of Pope John Paul II and Pope Francis.

Some implications of these concepts for current realities in the United States and globally will be highlighted. Attention will also be given to critics of economic rights and economic …

De-Centering The Human: Moroccan Islamists And Human Rights (Abstract), Ahmed Khanani

Biennial Conference: The Social Practice of Human Rights

In a critical contribution to contemporary rights conversations, Blattberg argues that “human rights talk” is simply too “thin” (2009). In particular, he argues that a flaw in scholarly conversations is the move to abstraction: the human is insufficient because it is impersonal. Blattberg lodges this criticism against a host of liberal thinkers, including Nussbaum and Walzer, and contends that the move to abstraction hinders calls to justice insofar as it fails to invest actors in the plights of other people. Yet, even as Blattberg calls to personalize the people to be protected, he does not elaborate on how to flesh …

Social Movements, Protest, And Human Rights: Latin America And Beyond (Abstract), James C. Franklin

Biennial Conference: The Social Practice of Human Rights

The basis of this paper is research I have conducted into protests in Latin America. By recording the demands and actors involved in protests, I have been able to assess human rights-related protests. This, in turn, allows a systematic investigation of the relationship between social movements and human rights. One principal finding is that there are two different types of human rights contention. Argentina and Guatemala experienced national human rights movements, led by human rights organizations and focused on general human rights problems and solutions.

The other countries I studied in the region (Brazil, Chile, Mexico, Nicaragua, and Venezuela) experienced …