Many philosophers have pondered the immense question surrounding the prima facie moral obligation to obey the law. Do we have a moral obligation to do as the law tells us‚ outside of the fact that the law deems it illegal? There are many opinions on this‚ such as Wolff’s idea that there is in fact no moral obligation for anyone to obey the law because there is no legitimate state with control over people. This is one of the many viewpoints discussed throughout time‚ but there is a more level headed
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This perspective of Suarez as occupying an intermediate position between voluntarism and naturalism has been questioned by Terrence Irwin. In Obligation‚ rightness and natural law‚ Irwin places Suarez squarely in the voluntarist camp when it comes to moral obligation and moral law. Despite lending a greater degree of coherency to Suarez’s position‚ I believe that Irwin is fundamentally mistaken for characterizing Suarez’s philosophy as voluntarist. Most notably‚ the rhetorical move is mistaken for
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Humans’ Moral Obligation to Preserve Endangered Species Many species that exists today are becoming endangered to extinction. In the past era where humans did not exist‚ extinction occurred due to natural causes. On this present time however‚ extinction of species are threatened by humans’ existence. Humans are the only moral agent; in which‚ it has the intellectual capacity that animals and plants do not have. Thus‚ humans are powerful and dominate over any species. Many practices that humans
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1 RIGHT‚ DUTY AND OBLIGATION/RESPONSIBILITY: A SEARCH FOR ETHICAL FUNDAMENTALS By Dr. Ani Casimir K.C 2 1) Introduction: Immanuel Kant gave philosophy four fundamental questions with which it is to concern itself and they are: (1) What can I know? ; (2) What is man?; (3) What can I hope for‚ and‚ (4) Finally‚ what ought I to do. The latter—‘what ought I to do?’ is the central subject of ethics‚or what is variously called moral philosophy or philosophy of morality. With the concepts
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Financial Crisis Todd McTigue INTRO In 2008‚ the United States experienced a major financial crisis which led to the worst recession since World War II. Both the financial crisis and the downturn in the U.S. economy spread to many foreign nations‚ resulting in a global economic crisis. In the months following the initial decline‚ the U.S. stock market plummeted‚ liquidity dried up‚ successful companies began laying off employees
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“The Economics of Structured Finance” by Joshu D. Coval‚ Jakub Jurek‚ Erik Stafford -A critical analysis- This paper is about the working of the Structured Finance (SF) machinery and also investigates about the spectacular rise and fall of structured finance. It discusses the challenges faced by rating agencies‚ particularly examining‚ the parameter and the assumptions of modelling that are required to arrive at accurate ratings of structured finance products. An attempt is being made to have
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• standard of the policy was improper. In evaluating the any occupation provision of the policy‚ Common does not have an obligation to find Hocker a position‚ however‚ it does have an obligation to look at age‚ employability‚ and the ability to obtain a job in the relevant labor market. In Hocker’s case‚ Lee Weiser concedes that these factors are relevant to the any occupation inquiry‚ but does not do a sufficient investigation to evaluate these factors. Weiser bases his 1999 decision to terminate
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Federal Reserve Bank of New York Staff Reports Shadow Banking Zoltan Pozsar Tobias Adrian Adam Ashcraft Hayley Boesky Staff Report No. 458 July 2010 Revised February 2012 FRBNY Staff REPORTS This paper presents preliminary findings and is being distributed to economists and other interested readers solely to stimulate discussion and elicit comments. The views expressed in this paper are those of the authors and are not necessarily reflective of views at the Federal Reserve
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In assessing the ethical issues surrounding the Goldman Sachs Abacus controversy‚ there are several factors that must be taken into consideration. Despite John Paulson playing a limited role in the ultimate construction of the CDO by having a hand in the asset composition selection process‚ as well as Goldman’s lack of disclosure in excess of the law‚ it is important to recognize that the counterparties to the CDSs were sophisticated investors. As sophisticated investors‚ making large speculative
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Case Study – CDO CREATIVE BALANCE SHEET RISK MANAGEMENT: VALUE CREATION? 1) What is a CDO? Who buys CDOs? CDOs are a type of asset backed security composed of bonds issued by special purpose vehicles (a corporate entity that holds the assets as collateral‚ packages them and sells the resulting notes to investors). Normally‚ the bonds issued are divided into tranches with different risk characteristics and debt rating. Each tranche carries a different rating which determines the interest and
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