The Ten Ethical Issues

1. RADIOLOCATION THREATHED THE PRIVACY
For a number of years, parents in public school at district of Columbia complain about bus that often came late or uncoming. The Federal court with the reference to a independent transportation organizer and used satellite security system, called S3, to search bus movement in that district. S3 providing the searching service with satellite to client like district of Columbia, Fairfax area, federal goverment body or state, police force department, and private corporation.
This service equipping every vehicle or a marked man with a tracer equipment that used technology global positioning system (GPS). GPS is a navigation system that operated by State’s Defense Departement in USA with used satellite that gradually give information of position, as well as time and date. Receiver GPS in the earth, can installing at vehicle, handphone or other equipment, and using information from satellite signal to approximating its existence. So many handphone now was equipped with GPS.
Public school system at District of Columbia needs cost $6 million to its GPS searching system. This system complementing bus by GPs locator and physical defect of children that up to the bus like identity card that must rubbed when they in and out by bus. Parents can get secrets code making possible they can using the internet to search their child. Controlling center of S3 using GPS information from searching equipment and controlling the bus location from video screen. S3 saving searching data every day to a long time, and clients can access previous searching data if they wants.
S3 providing the detailled information to public school at district of Columbia: route every bus in one day, when bus stop, when bus doors opened and closed, its speed, and whether bus machine flaming or unflaming. S3 system to have a database about information bus passenger student name, address, phisics defect, alergy, contact information, and when when school are starting and ending.
David Gilmore, transportation organizer that referenced by courts of public school at District of Columbia was seeing repaired from bus driver performance. The report about bus driver that should not took to the bank or using the long time to have lunch to be decrease.
The parents feel happy too. “I am happy because of that system make you can control that bus, because of ypu bnever know what haapens in the bus ,” said Deneen Prior, that the three their child using public school bus at District of Columbia. However, she still worry that location searching data used for bad things. ”I do not want someone that should not controlling them do that.” said Deneen.
Another that feel same things. Radiolocation have adventages, but in this things making open potential invasion to the privacy. So many unlike their phisics movement searched tightly. Information location maybe can help directly two-wheel trailler until threadbare car, but this thing can used to find where a driver went while time for lunch.
2. ANGELA NOBLE-GRANGE SHARES STORY OF HOW ETHICAL CHALLENGES CAN DESTROY A BUSINESS
Too much passion and unbridled passion can lead you astray as well, which leads me to my second component, ethics. What's ethics? It's pretty simple, right? I mean they teach whole courses on it. Its right from wrong, knowing what's right from wrong and acting on that knowledge, that's the hard part, acting on that knowledge. And the story I have about some entrepreneurs that I worked with in this area was a little bit sadder of a story. This was two women. They were a partnership when they came in to talk to me, excellent product, outstanding product, I was so excited. I thought a product instead of a service and it wasn't really retail, so I was like Wow, this is real business; I'm really excited about this. We have to actually go to production, we got to make this thing, it was a children's product, great idea. The one woman had the concept and the idea, but she couldn't bring it to fruition. So, she needed this other partner who was more of an artist, who could actually make this thing come to life. So, the two of them got together, they created a prototype, they found a factory, they found a way to produce it, they found an angel investor to finance it; you know things that we worry about, right? So they had money, they had a great idea, product ready to go. What happens? Well, one of the partners decides she was going to try to do some things on her own and not necessarily contribute revenues back to the common pot. Lot of misunderstandings, lot of miscommunications, and what basically happened was trust was broken between the partnerships. When the trust was broken between the partnerships, it was irreparable damage. It spun out of control, there was attempts for mediation, there were attempts to try to put this thing back together, spun out of control, angel investor lost some money, their relationships were damaged sadly, they were very close in the beginning -damaged-- and the business didn't come out. Great, product, great product. So ethics, kind of questionable ethics maybe, miscommunication ethics, shook it up and destroyed something that you think everything was there, all the ingredients were there. The product was there, the money was there, production was ready to go, it was tested, kids liked it, was pretty sure it was going to succeed, but something else took it down.
3. INTERNET IS ENEMY OR FRIENDS TO CHILD
Internet apply so many things to the people in several level of age, including children. The student usually using internet for School task, to download the music, playing game, and to sosialization with other. Some child maybe using email to instant message to stilol closed with friends that was changed the address or family members that stay in far location. Eventhough internet can too making child isolated sosially and expossed at unhealthy activity and experience.
According to psychiatrist child and teenager, Dr. David Bassler, a few child to be too isolated with over-used internet. Several shying child or obesity can to be soccer star player in the online match. When children lived up so many time to online, they can not do their homework or never focus with their task in school because of online activity was finish off so amny their energy. They can not follow sports and other activity and they can not give sa many time with friends and family members in the real world.
Dr. Robert Krout, a professor at Carnegie-Mellon University that did behavior research online until more than one decades, Found that more and more long time someone using internet, so more little bit they socialization and comminication with their family members. High of using internet among teenagers proseed from more decreasing social support. So many hours they spend to chatting with stranger cannot to be a best relationship.
4. BOEING TO AXE THOUSANDS OF JOBS
Boeing is to cut 10,000 jobs this year in response to the economic crisis, the company has said. Profits at Boeing were hit by a 58-day strike by machinist workers. The firm is one of the largest aerospace manufacturers in the world. In the last three months of 2008, it made a loss of £39m ($56m), partly because of a strike by its machinist union. Its 27,000 machinists - 16% of Boeing's workforce - walked out on September 6 and did not return for 58 days.
Boeing's planes include the 777, the company was also hit by a costly redesign of its 747 freighter aircraft. Boeing was also out-performed by its European rival Airbus in 2008. The plane manufacturer is the latest to be hit by the global economic slowdown, and follows job-loss announcements from engineering giant GKN and home shopping firm Shop Direct.
In his latest speech on the financial crisis, US President Barack Obama said the slump could be overcome if everyone "chips in so we can climb our way out of the crisis... executives and factory floor workers".
5. HOUSE PRICES SUFFER JANUARY SLIDE
House prices fell by 1.3% in January, according to figures from Nationwide. Property market is struggling through the credit crunch. The average price of a typical house is £150,501, down 16.6% on the same time last year, according to the building society. It is the 15th consecutive month that prices have dropped, with January seeing £2,500 in value shaved off the average home.
But the three-month on three-month rate of change, which is seen as a smoother indicator of short-term trends in prices, improved for the fourth month in a row. The price drop seen during the three months to the end of January was 4%, compared with a fall of 4.2% during the previous three-month period.
Whether the repossessions are the result of over-borrowing, negative equity or sudden unemployment, behind it all is the chilling forecast of 75,000 repossessions for 2009/10, from the Council of Mortgage Lenders.
Sky Business Editor Michael Wilson
Martin Gahbauer, Nationwide's senior economist, said it was too early to say whether this was the beginning of turnaround in the market. "The increasing level of enquiries suggests that activity levels have a reasonable chance of recovering from their recent lows once an end to the recession is in sight and/or the recent Government interventions lead to an improvement in the availability of credit," he said.
The housing market is being hit by a combination of the mortgage shortage, rising unemployment and an expectation among potential buyers that prices still have further to fall.
6. OIL GIANT'S ANNUAL PROFITS SOAR
Royal Dutch Shell, Europe's largest oil company, has reported annual profits of £22.2Bn. A spike in the price of crude oil during the summer, to almost $150 a barrel, helped push Shell's yearly earnings up 16% compared to 2007. However, quarter-on-quarter, as the economic downturn began to affect the price of commodities, with crude oil slumping from its record high to below $40 a barrel, Shell saw its profits slide almost 30%.
Chief executive Jeroen van der Veer described the fourth quarter performance as satisfactory given the impact on demand caused by the weaker economy. He added: "Industry conditions remain challenging, and we are continuing the focus on capital and cost discipline in Shell." Shell said it was committed to maintaining investment at near to last year's level of more than £20bn in order to safeguard future profitability.
Alan Sinclair, oil and gas analyst at Seymour Pierce stockbrokers, said planned investment for 2009 of around £20bn was higher than forecast - but with costs set to come down, he said Shell was unlikely to be stretched by this target. Oil and gas production from the Anglo-Dutch firm over the fourth quarter was the equivalent of 3.4 million barrels a day, virtually unchanged from the same quarter in 2007. Full-year production was slightly down on the previous year.
7. UK TO BE WORST HIT BY SLOWDOWN
The International Monetary Fund is forecasting that the UK economy will shrink the most of all developed nations this year. The IMF says international economic cooperation will be critical. The IMF believes that Britain's output will contract by another 2.8% over the next 12 months, with a stuttering growth of 0.2% projected for 2010.
This is in contrast to predictions from the Treasury. Chancellor Alistair Darling, in the pre-budget report, said the UK economy would shrink between 0.75% and 1.25% this year. Globally this year, the IMF believes growth will fall to 0.5% - the lowest rate since the Second World War. And worldwide losses for banks are likely to reach $2.2 trillion.
In its World Economic Outlook the IMF says: "Despite wide ranging policy actions, financial strains remain acute, pulling down the real economy. and A sustained economic recovery will not be possible until the financial sector's functionality is restored and credit markets are unclogged."
There is a world downturn but our economy is sinking further and faster than the rest.
Conservative leader David Cameron MP
The IMF outlines that more will need to be done by governments across the world in addition to monetary and fiscal policies already implemented by many nations. The global financial body says more international co-operation in implementing these policies will be critical to ensure a global economic recovery.
Unlike the minimal recovery expected in the UK, the global economy in 2010 is expected to grow by at least 3%, helped by, "efforts to ease credit strains as well as expansionary fiscal and monetary policies".
IMF Predictions
:: UK economy to shrink by 2.8% in 2009
:: US economy to shrink by 1.6%, Germany 2.5%, France 1.9%, and Japan 2.6%
:: UK economy to grow by 0.2% in 2010
:: Global growth will fall to 0.5% in 2009, lowest rate since World War II
:: Global growth in 2010 will be 3%
Responding to the IMF report, financial secretary to the Treasury Stephen Timms said: "The IMF is predicting that world trade will fall by nearly 3% this year - the first time for a generation. "As an open economy, it is not possible for the UK to insulate itself from this contraction. The Government's priority is to support families and businesses through these challenging times."
Shadow business secretary Ken Clarke told Sky News: "I hope the IMF report will introduce an air of reality into this. I'm not sure we've got the Prime Minister face-to- face with reality yet. "During the good times, Gordon Brown ran the public finances in a very reckless fashion so we start with a huge burden of debt. That debt is rapidly getting worse and we can't afford to do the things that some other countries will do.
"So I think we are going to have a deeper recession than any other advanced western country. If we're not careful, we're going to have a slower and more difficult recovery as the Government has to finance and start repaying all this debt."
Warning After Bleak IMF Forecast
The IMF is being "optimistic" in its bleak prediction that the UK economy will shrink faster than any other developed nation, says a former IMF chief economist.
Britain's economic downturn continues
Simon Johnson says the International Monetary Fund report is "belated recognition" that Britain has got "overvalued property, and a lot of exposure to the financial sector in terms of jobs and GDP". He added that "some of the policy responses in the UK have not been ideal". The IMF believes that Britain's output will shrink by another 2.8% over the next 12 months. This is more than twice as bad as it previously thought and well above the 2% average for advanced countries.
Warning from Simon Johnson
The IMF predicts the US will suffer a 1.6% contraction in its economy in 2009, Germany 2.5% and Japan 2.6% and revised the UK prediction from 1.3% to 2.8%.
Mr. Johnson told Sky's Jeff Randall: "The headline number is this decline for advanced economies of 2% in 2009, that's the average annual number. And If you look at the fourth quarter over fourth quarter number which gives you a bigger sense of the dynamic, that's only a decline of 0.5% which is pretty small. And then you bounce back to +1.6% on the same basis in 2010."
A sustained economic recovery will not be possible until the financial sector's functionality is restored and credit markets are unclogged.
The IMF makes its predictions for world economies.
Mr. Johnson also that the UK "might be a getting a slighter rougher deal from the IMF than France". He thought that its forecast for France - of a 1.9% contraction - is "incredibly positive".
8. HOME SHOPPING FIRM AXES 1,000
One of Britain's biggest home shopping companies, Shop Direct, is cutting 1,000 jobs from call centers in Merseyside. Shop Direct said a shift to online shopping was behind the cuts. The company, formerly known as Littlewoods Home Shopping, said it will close a call centre in Crosby, Merseyside, with the loss of around 1,000 jobs.
Around 150 further redundancies will be made at the company's headquarters in Speke, Liverpool, and other sites close by. Redundancies will also be sought at Shop Direct's financial services division in Aintree, Liverpool, a call centre in Preston and at the warehousing division in Manchester.
The firm said the growth of online shopping had led to a reduction in telephone orders. Around 250 of the under-threat jobs may be saved if workers agree to relocation. Shop Direct Group includes the former catalogue shopping giants of Littlewoods, Great Universal and Kays as well as Additions Direct, Marshall Ward and Choice.
Mark Newton Jones, chief executive of Shop Direct Group, said: "Our business is changing because the way our customers choose to shop with us is changing. We anticipate that 70% of our sales will be online by 2010/11 and, therefore, the future of our business is online-led."
Shop Direct employs 10,500 people and, with sales of £1.6bn, claims to be the UK's largest online and home shopping retailer. The company said its online business accounts for 56% of total sales, up from 18% three years ago
9. BANK CHIEFS KEEP US RATE ON HOLD
The Federal Reserve has left the main US interest rate unchanged at close to zero. The Federal Reserve could start buying government debt. The Fed said it was prepared to buy long-term US government debt if that would help improve conditions in financial markets. It said the US economy has got weaker and signaled it will keep the rate around this current figure for quite "some time" to cushion the fallout.
Its policy committee decided - with just one member against - to keep the targeted range for the rate at a record low of between zero and 0.25%. Economists predict the Fed will leave rates at that range through the rest of this year. The rate is the interest that banks charge each other on overnight loans.
Fed Chairman Ben Bernanke
The US central bank, which is America's equivalent of the Bank of England, vowed to "employ all available tools" to spark an economic rebound. It took the unprecedented step of slashing its key rate to near zero at its previous meeting in December.
Sky News' political editor Adam Boulton, reporting from Washington, said: "The real point is that no one knows what policy instruments are going to do the trick if indeed they can do the trick.
"That's why before President Barack Obama's even got his stimulus package through Congress, there's intense argument here as to whether tax cuts or government spending or stimulus to business are the correct way to go ahead because so far nothing's got better."
A statement said the Fed "will employ all available tools to promote the resumption of sustainable economic growth and to preserve price stability."
The Fed, which has embarked on a major initiative to buy up mortgage securities, said it was "ready to expand the quantity of such purchases" and "is prepared to purchase longer-term Treasury securities" if it will help revive credit.
10. SIX HELD OVER MASSIVE CITY FRAUD
Six people suspected of involvement in a massive £370m fraud on the London stock market have been arrested in Spain. They suspects are being held in Spain. The suspects were detained in Madrid, Barcelona and the town of Elche in the south east, a statement by Spanish police said.
Five of the suspects were Spanish while the fifth was Argentinian. They were aged between 56 and 76. It is believed the group created a bogus company, Langbar International, listed it on the London stock market and used false documents and rumors to inflate the share price.
The investigation revealed that the listing of the firm on the stock market, as well as the public share listing, was achieved through fraud and various false announcements to generate interest in the shares of the company.
Spanish police statement.
They then sold the shares the suspects owned in the firm. "Through complex commercial and stock market operations, as well as falsifications, the arrested managed to make the value of the shares of a firm on the stock market increase, without deposits to back it up, and profited from the subsequent sale of the shares," a Spanish police statement said.
Police did not name the firm, which was listed on the Alternative Investment Market (AIM) of the London Stock Exchange in October 2003. The arrests follow the opening of an investigation into the firm by Britain's Serious Fraud Office in 2005. When the company was listed on the stock market it said it had assets worth £203m, police said. It went on to claim it had a guarantee in the form of an International Certificate of Deposit from a Brazilian bank. That was done "with the aim of generating an increase in the share price of the company," police said.
"The investigation revealed that the listing of the firm on the stock market, as well as the public share listing, was achieved through fraud and various false announcements were made, in specialized media in London, to generate interest in the shares of the company.
"Those announcements were allegedly planned by the main suspects who then sold the shares that they owned or existed in their name."