Smart phones Research Paper Example | Topics and Well Written Essays - 2000 words - 1

Smart phones - Research Paper Example enhancements in technical specifications such as battery life screen size, storage ability, and connectivity of broadband increases the sustainability of smart phones (Berkman, 2012). Cell phones history is both interesting and mysterious. The beginning of cell phones, just as the computers, was with humungous cell phones which first diminished in size from small to smaller to smallest as the years passed by. The pioneer of screen resolution focused was iPhone as it marked the beginning of growth of size of cell phones again. Mobile revolution started in 1973 when Martin Cooper first invented the cell phone. At that time, this cell phone was a colossal machine which was capable of making and receiving calls. The History of smart phones is a lengthy one. It al first began in 1946 when AT&T fist established the first ever mobile phone network. June 17. 1946 was the first time a truck driver made the first ever cell phone call (Berkman, 2012). With improvements in technology and mass media in the entire world, mobile phones were also positively affected by these activities. They also went through a process of innovation and development where their electronic functions abilities enhanced, better functionality of antennas, and other features allowed them to travel forward to this new dimension of the smart phone world (Zheng, 2006). Smart phone concept was then institutionalized in 1974 when Theodore George Paraskevakos patented the fundamental concept of smart phone. The paperwork was filed in U.S Patent office in 1972 for the mechanism for making and transferring digital information. Subsequently, IBM followed the suet and combined the PDA making the Simon personal Communicator and cell phone in 1994 with combination of text messaging, emailing, and faxing. Additionally making calls was added to this list. This device was sold for $1099 but again only for $899 if a two year contract was signed up by the retailer (Berkman, 2012). This decade that is called the 90s

Perspectives of Regulation of Complex Financial Institutes Essay

Perspectives of Regulation of Complex Financial Institutes - Essay Example General complaints about a â€Å"lack of regulatory aggressiveness† ignore the realities of actually bringing enforcement actions in a tough environment. Regulatory enforcement in the United States operates surprisingly well given the difficulties of this operating environment, and critics have not presented credible alternatives to the present system. A second perspective is that major financial institutions escape meaningful regulatory constraints because their power and influence overwhelm regulators and because individuals from regulatory institutions give too much deference to major financial institutions and their key executives and staff. This perspective suggests that financial regulation in the United States is broken largely because of this political dynamic and needs fundamental reform. This paper will examine and look into how regulators and firms deal with each other, how interdependent they are on each other and the outcome of such interdependency. What kind of b enefits and liabilities develop due to their strong ties. Financial institutes will be used as the premise of all discussion. Special attention will be given to potential benefits and risks of such cohesive regulatory networks. Regular dealings between regulators and financial institute beyond the regular rule making boost up co-operation. Ineffect transparency takes a toll. Information disparities also strengthen regulatory cultures and bring down the threshold of external pressure need to effect changes within firms. The conditions that bring this benefit impede flow of information and genuine criticism from outsider. As a result performance standards dip and various other problems crop up. The paper looks into various examples of such fraudulent activities and also the circumstances in which these tensions are more likely to manage without damage from these problems. Strong ties that encourage cooperation within insiders have a huge impact on the flow of information. Information disparity arises and outsiders are asked to stop criticism. A lot of problems shape up as a result. A very prominent example in this case would be the SEC, NASD and NYSE when they acted against conflicts of interests in investment banking and mutual funds, immediately after outsiders. In 2003, at a cost 1.4 billion dollars, regulator prosecutors and large securities firms settled charges. The firms had encouraged investment analysts to mask and exaggerate corporation’s investment value while misleading investors in order to win the corporation’s investment banking business. For many years, this was floating around as a secret in the industry while the press and various congressional hearings had focused on it. While the participants were aware of the ethical implications of such a business, they eventually came to terms with it and started living with it as if it was a normal part of the business. The Lehman Brothers came to the rescue and appealed for new synergy by a nnouncing a new model for dealing between analysts and investment banking. This was widely accepted new paradigm for synergy and stated that â€Å"The analyst is THE key driver of the firm relationship with its corporate client base. Analysts need to accept responsibility and use it to expand the franchise and DRIVE PROFITABILITY