National Basketball Association Lockout

The NBA has officially cancelled its first two weeks of the regular season on October 10th. The lockout was caused by the players and owners’ inability to come to an accord over the new Collective Bargaining Agreement. The players have asked for 57% of the league’s revenue (which was $4 billion last season) in salaries, while the owners only offer 46%. In recent days the two sides have come closer and discussed a possible 50-50 split, however a deal was not done. The last lockout occurred in 1999 when the two sides couldn’t come up with a deal until Jan 6, with the season ending up being 50 games (down from 82).

This lockout means that all the sport arena employees; ushers, security, parking lot attendants, restaurant workers, and others are now being laid off. These people will now add to America’s unemployment problem which is already at 14 million as teams have already started firing staff. Secondly a lockout risks losing the loyalty of its fan base who can switch to other sports, just as many NHL fans have switched to NFL after the 2004-2005 NHL lockout, therefore the league will start losing more money. Fans are starting to feel unappreciated, and if a deal is not put in place quickly then it could have severe consequences on NBA’s future.

 

Work Cited:

“NBA Labor — David Stern cancels first two weeks of NBA season – ESPN.” ESPN: The Worldwide Leader In Sports. N.p., n.d. Web. 11 Oct. 2011. <http://espn.go.com/nba/story/_/id/7085089/nba-labor-david-stern-cancels-first-two-weeks-nba-season>.

Should we treat Millionaires differently?

Senate Democratic Leader Harry Reid has proposed a bill to have a 5.6% surtax on individuals making $1 million dollars or more, an idea supported by president Obama. The Tax Policy Centre has estimated that this bill would on average increase the Millionaires’ tax bills by more than $110 000. The bill’s primary goal is to help fund a $445 billion stimulus package to reduce the deficit. Following the proposition of this bill, the Democrats have stated that individuals making $999 000 are still part of the “struggling middle class” and have to be protected from tax increase. If this bill would pass, it would mean that as of 2013 the Millionaires would be taxed up to 50% through the expiration of the 2001/2003/2010 tax laws, in addition to the health law tax and Reid’s bill.

 

In my opinion this bill is ridiculous since it proposes that the government should treat millionaires different, and take more of their hard earned money. This is discriminatory as its not ethical to take more money away from people who have earned it. These type of bills would only result in millionaires hiring accountants to help avoid the tax, and discourage people from making more money since they know they will give it up through taxes. Its not fair that successful people should be treated differently, and forced to pay more in taxes. These actions will make the government lose the support from the rich, and affect their business opportunities.

 

Work Cited:

Obama, President, 000, and the Tax Policy Center estimates. “The Democrat’s Millionaire Tax: Smart Politics, Awful Policy – Forbes.”Information for the World’s Business Leaders – Forbes.com. N.p., n.d. Web. 9 Oct. 2011. <http://www.forbes.com/sites/beltway/2011/10/06/the-democrats-millionaire-tax-smart-politics-awful-policy/>.

Dick Cheney’s Response To Barack Obama’s Actions

In light of the recent President’s decision to use a drone strike resulting in the death of Anwar al-Awlaki, who was one of the most successful terrorist recruiters in the world, former Vice President Dick Cheney has responded by saying that Obama owes an apology to the Bush Administration. The drone strike has also killed an American citizen, Samir Khan who was a programmer for Al Qaeda, as well as two other passengers. Dick Cheney has criticized the president as he feels it was hypocritical for Barack Obama to suggest that the enhanced interrogation techniques used under president Bush’s administration made them ” walk away from America’s ideals,” while having the Obama administration authorizing drone strikes that have resulted in the deaths of two Americans “without due process”.

In my opinion it is non humanitarian to authorize drone strikes that resulted in death of terrorist suspects without due process. Suspects must be tried and their guilt must be proven before any course of actions is to be taken. Both the enhanced interrogation techniques by the Bush administration and the drone strikes under Obama’s authorizations are unjust methods that directly violate human rights of suspects. In addition drone strikes result in deaths of innocent civilians, and intervene in the sovereignty of other nations; therefore these methods must be banned from practice.

President Obama’s speech on interrogation techniques:                https://www.youtube.com/watch?v=OPpXIhoZVB0&feature=relmfu

Video detailing the drone strike:   http://www.cnn.com/video/#/video/world/2011/10/01/starr-al-awlaki-killed.cnn

Work Cited:

“Cheney: Obama Should ‘correct’ Criticism of Bush’s Anti-terror Tactics – CNN.com.”CNN.com – Breaking News, U.S., World, Weather, Entertainment & Video News. Web. 22 Nov. 2011. <http://www.cnn.com/2011/10/02/politics/cheney-obama-terror/index.html?hpt=hp_t2>.

 

 

 

Edward Freeman’s Stakeholder Theory Reflections

     According to Edward Freeman: “For any business to be successful it has to create value for customers, suppliers, employees, communities, and financiers”. Freeman’s theory states that we have to combine the interests of all of these groups, for a business to have a prosperous and perspective future. Any business is a team, and for it to be successful every team member has to have their interests satisfied in order for them to be productive and effective. If one group is neglected they will lose motivation and focus, therefore affecting the business as a whole: a team can’t function properly if one of its members is disengaged. Customers must want to buy the goods and services, suppliers must make companies better with their creativity and innovation. Employees must want to be at work and contribute to the business, and lastly businesses must value their shareholders and make profit for them. By being sensitive towards people’s needs and interests, a manager could create a great work environment which would draw people in and therefore let the business prosper. I personally support Freeman’s Theory which seems as an intelligent and good approach to managing a company.

Video of Freeman’s Theory: https://www.youtube.com/watch?v=bIRUaLcvPe8

Work Cited:

“Masters Seminars in Business Ethics Video Series: R. Edward Freeman on Stakeholder Theory.” Darden School of Business: University of Virginia: MBA, EMBA, Exec Ed – UVA Darden. Web. 22 Nov. 2011. <http://www.darden.virginia.edu/corporate-ethics/Video_Stakeholder_Theory/transcript_freeman_stakeholders.html>.

Global Child Labour Issue

An inspection has discovered 57 under-age workers at a meatpacking plant in Iowa, which has sparked an investigation that is seeking charges for child labor violations. By Iowa laws it is illegal to employ minors under the age of 18 at meatpacking companies due to the dangerous nature of the work. In addition through interviews, the under-age workers have revealed that they were forced to work up to 17hours/day, not getting paid overtime, and worked with little or no safety training. If found guilty, the enterprise will have to pay a fine of up to $1 million.

This ethical dilemma is the question of whether or not it’s moral for companies to employ under-age workers. In my opinion it is unethical since these enterprises are taking advantages of minors who do not possess the necessary life experience, and jurisdictional knowledge to understand and defend their legal working rights. This allows the companies to underspend on adequate training and equipment for these minors, as well as to create miserable working conditions. The result is better profit for the companies, which have to spend less on these under-age employees.

Work Cited:

PRESTON, JULIA. “Inquiry Finds Under-Age Workers at Meat Plant – NYTimes.com.”The New York Times – Breaking News, World News & Multimedia. N.p., n.d. Web. 15 Sept. 2011. <http://www.nytimes.com/2008/08/06/us/06meat.html?ref=childlabor>.

To learn more about child labor visit: http://www.unicef.org/protection/index_childlabour.html