Friday, October 30, 2009
Thursday, October 29, 2009
Interview Images
Charbel and myself in 2006 at a Pistons game; before he became sick with aplastic anemia.
The Following three images are Charbel in Octobe 2009 at Karmanos Cancer Center recieving treatment and a bone marrow transplant, to treat his aplastic anemia. Just a side note taking pictures out side of him room is limited due to pacient privacy.
The Following three images are Charbel in Octobe 2009 at Karmanos Cancer Center recieving treatment and a bone marrow transplant, to treat his aplastic anemia. Just a side note taking pictures out side of him room is limited due to pacient privacy. 
Sunday, October 11, 2009
Academic Articles Final Copy
Danielle Kuschnik
October 11, 2009
Comp 106
Academic Articles
Business, it is often thought of a last resort academic plan. One of those things that students
take up when their other academic aspirations of law school of med school don’t turn out exactly how
they planned. This is at least what I have heard, when talking with other business student or other
people in business industry. One of the most common responses I hear when I ask people “How did you
get into business?, is either “Well I wanted a degree that I could easily find a job in” or “I didn’t get into
the program of my first choice and my credits transferred over to a business program. ” This is not the
case at all for me, I am going to school for Business because it is my passion. (My degree the that I am in
pursuit of is a Bachelors in Business Administration, with a major in finance and a minor in Accounting)
So how I am so absolutely sure that I will love my new career as much as I think I will. Well the ultimate
test so far for me is that I work in a bank as a customer service representative (Basically I process all the
personal and small business account transactions and account maintenance and advise customers which
accounts to consider.) When I first applied for the position, I applied not only because I wanted a better
paying job, but I wanted to ensure that what I going to school for is what I truly want to do. As of right
now I love what I do. Now that it is established why I decided to go to school for finance here is a bit
more information on the subject. The following paragraphs consist of different articles about the world
of business and finance.
The first article that I read in my academic quest was Who Gambles in the Stock Market by Alok
Kumar, located in the August 2009 Journal of Finance. This article gave a very insightful conversation on
a question that I have never even truly considered. As implied by the title the essay focused on what
groups of people tend to invest in the stock market. Alok Kumar introduced the article by stating that
the stock market is much like the lottery, an idea that is very easy to relate to, because well that is what
the stock market truly is, a gamble. The market is like a lottery because many stocks have a relatively
low cost, with a high pay out (the jackpot), but a small chance of return on the investment. When I think
about this example, it is a perfect picture of the stock market. It is very common to see stocks costing
under ten dollars (The stock in my company Fifth Third Bank has been sitting below ten dollars for the
last several months) and traders think “Wow great stock, low cost and it is eventually going to go up.”
Right? No, in some cases the stock does go up, but usually a small percentage. This is very similar to the
lottery. It is relatively easy to win ten dollars, but when it comes to the real jackpot, the one in the
millions, it can be like looking for a needle in a haystack. The author then goes into the demographics of
the most common people to become involved in the market. The main category of people that invest
are middle income people. This took me by surprise because when I think of stock, I think of million
dollar bankers trading on their lunch breaks just for the fun of it. This is not the case because as Alok
points out, the market, much like the lottery gives people of moderate means, a false sense of hope that
they someday will make it make it big, with the click of a single button, to buy, sell or trade their own
stocks. The article then also goes into detail on demographics like how men over women are more likely
to invest and, divorced people over married and minorities over majorities are more likely to take the
plunge. The one aspect of this article that I like the best was that it was very easy to read and
understand. When I first began my research I was a bit over whelmed because when I would first crack
open a journal all I would see was graphs and accounting formulas. This article has a minimal amount of
that ,which I liked.
I second article that I encountered was Credit Restraints and Consumer Spending by Kimberly
Beaton. This article goes into great depth, especially with formulas on how limiting credit directly
affects consumers spending habits. Beaton states that when institutions limit how much credit they
make readily available to households this causes a sharp decrease in spending, because families no
longer have the means readily available, through lending to purchase large price items. This limiting of
credit pushes the economy even further south, because not only are people spending less because of
inflation and a fear of unemployment, they no longer have the means to purchase large ticket items like
cars, appliances and home repair. It is the large ticket items which truly stimulate the economy. I chose
to read this article, in spite of the formulas that can be very difficult to commute because this article
focuses on something many people never see the large picture of. The fact that when credit is
significantly decreased not only does the consumer suffer, but the global economy as a whole suffers as
well.
The third and final article I investigated was Bankruptcy: Tips to Avoid It by Oli Osorhan. This
article although relatively short, has some excellent information on a topic that is on everyone’s mind.
Bankruptcy. This article focuses on not only how to avoid bankruptcy but how people get into
bankruptcy. The reasoning why you are in debt and cannot afford to pay the minimums on loans is the
most important step to becoming debt free. If you are unaware of what is causing the problem, how
are you able to go about fixing it? Osorhan also states that although bankruptcy may seem like clean
slate, it is not always the case. In the end bankruptcy usually causes more problems for the barrower,
because of the fact that most of the eight forms of bankruptcy involve some form of seizure, of any
types of unnecessary items for the debtor. Also it takes ten years for a debtors record to be cleared of
this action, and even when the record is finally clear the consumer has to begin from the bottom
building up their credit with high interest rates and credit fees. The moral of the story is do not spend
what you don’t have and only borrow when it is absolutely necessary.
In closing I learned a vast amount from my research on the topic that I plan to spend the rest of
my life with; Finance. I enriched my knowledge of the finance world a little bit more with each topic,
from how stocks truly are a gamble (much like lottery tickets) to ways in which bankruptcy can be
avoided and finally how limiting credit effects the global market.
Works Cited
Who Gambles in the Stock Market. The Journal of Finance. Alok Kumar
August 2009
Credit Restraints and Consumer Spending, Kimberly Beaton
Bankruptcy: Tips to Avoid It, Oli Osorhan
October 11, 2009
Comp 106
Academic Articles
Business, it is often thought of a last resort academic plan. One of those things that students
take up when their other academic aspirations of law school of med school don’t turn out exactly how
they planned. This is at least what I have heard, when talking with other business student or other
people in business industry. One of the most common responses I hear when I ask people “How did you
get into business?, is either “Well I wanted a degree that I could easily find a job in” or “I didn’t get into
the program of my first choice and my credits transferred over to a business program. ” This is not the
case at all for me, I am going to school for Business because it is my passion. (My degree the that I am in
pursuit of is a Bachelors in Business Administration, with a major in finance and a minor in Accounting)
So how I am so absolutely sure that I will love my new career as much as I think I will. Well the ultimate
test so far for me is that I work in a bank as a customer service representative (Basically I process all the
personal and small business account transactions and account maintenance and advise customers which
accounts to consider.) When I first applied for the position, I applied not only because I wanted a better
paying job, but I wanted to ensure that what I going to school for is what I truly want to do. As of right
now I love what I do. Now that it is established why I decided to go to school for finance here is a bit
more information on the subject. The following paragraphs consist of different articles about the world
of business and finance.
The first article that I read in my academic quest was Who Gambles in the Stock Market by Alok
Kumar, located in the August 2009 Journal of Finance. This article gave a very insightful conversation on
a question that I have never even truly considered. As implied by the title the essay focused on what
groups of people tend to invest in the stock market. Alok Kumar introduced the article by stating that
the stock market is much like the lottery, an idea that is very easy to relate to, because well that is what
the stock market truly is, a gamble. The market is like a lottery because many stocks have a relatively
low cost, with a high pay out (the jackpot), but a small chance of return on the investment. When I think
about this example, it is a perfect picture of the stock market. It is very common to see stocks costing
under ten dollars (The stock in my company Fifth Third Bank has been sitting below ten dollars for the
last several months) and traders think “Wow great stock, low cost and it is eventually going to go up.”
Right? No, in some cases the stock does go up, but usually a small percentage. This is very similar to the
lottery. It is relatively easy to win ten dollars, but when it comes to the real jackpot, the one in the
millions, it can be like looking for a needle in a haystack. The author then goes into the demographics of
the most common people to become involved in the market. The main category of people that invest
are middle income people. This took me by surprise because when I think of stock, I think of million
dollar bankers trading on their lunch breaks just for the fun of it. This is not the case because as Alok
points out, the market, much like the lottery gives people of moderate means, a false sense of hope that
they someday will make it make it big, with the click of a single button, to buy, sell or trade their own
stocks. The article then also goes into detail on demographics like how men over women are more likely
to invest and, divorced people over married and minorities over majorities are more likely to take the
plunge. The one aspect of this article that I like the best was that it was very easy to read and
understand. When I first began my research I was a bit over whelmed because when I would first crack
open a journal all I would see was graphs and accounting formulas. This article has a minimal amount of
that ,which I liked.
I second article that I encountered was Credit Restraints and Consumer Spending by Kimberly
Beaton. This article goes into great depth, especially with formulas on how limiting credit directly
affects consumers spending habits. Beaton states that when institutions limit how much credit they
make readily available to households this causes a sharp decrease in spending, because families no
longer have the means readily available, through lending to purchase large price items. This limiting of
credit pushes the economy even further south, because not only are people spending less because of
inflation and a fear of unemployment, they no longer have the means to purchase large ticket items like
cars, appliances and home repair. It is the large ticket items which truly stimulate the economy. I chose
to read this article, in spite of the formulas that can be very difficult to commute because this article
focuses on something many people never see the large picture of. The fact that when credit is
significantly decreased not only does the consumer suffer, but the global economy as a whole suffers as
well.
The third and final article I investigated was Bankruptcy: Tips to Avoid It by Oli Osorhan. This
article although relatively short, has some excellent information on a topic that is on everyone’s mind.
Bankruptcy. This article focuses on not only how to avoid bankruptcy but how people get into
bankruptcy. The reasoning why you are in debt and cannot afford to pay the minimums on loans is the
most important step to becoming debt free. If you are unaware of what is causing the problem, how
are you able to go about fixing it? Osorhan also states that although bankruptcy may seem like clean
slate, it is not always the case. In the end bankruptcy usually causes more problems for the barrower,
because of the fact that most of the eight forms of bankruptcy involve some form of seizure, of any
types of unnecessary items for the debtor. Also it takes ten years for a debtors record to be cleared of
this action, and even when the record is finally clear the consumer has to begin from the bottom
building up their credit with high interest rates and credit fees. The moral of the story is do not spend
what you don’t have and only borrow when it is absolutely necessary.
In closing I learned a vast amount from my research on the topic that I plan to spend the rest of
my life with; Finance. I enriched my knowledge of the finance world a little bit more with each topic,
from how stocks truly are a gamble (much like lottery tickets) to ways in which bankruptcy can be
avoided and finally how limiting credit effects the global market.
Works Cited
Who Gambles in the Stock Market. The Journal of Finance. Alok Kumar
August 2009
Credit Restraints and Consumer Spending, Kimberly Beaton
Bankruptcy: Tips to Avoid It, Oli Osorhan
Friday, October 9, 2009
Academic Articles 2
Just a note for those whom may read my paper… This is just my opening paragraph and does not include any of my academic articles. I have been crazy busy this week and work with business meetings and I plan on visiting the library on Sunday.
Business, it is often thought of a last resort academic plan. One of those things that students take up when their other academic aspirations of law school of med school don’t turn out exactly how they planned. This is at least what I have heard, when talking to other business student or other people in business industry. One of the most common responses I hear when I ask people “How did you get into business?, is either “Well I wanted a degree that I could easily find a job in” or “I didn’t get into the program of my first choice and my credits transferred over to a business program. ” This is not the case at all for me, I am going to school for Business because it is my passion. (My degree the that I am in pursuit of is a Bachelors in Business Administration, with a major in finance and a minor in Accounting) The reason why I decided to go to school for business and in the end hope to become a corporate investment banker is because I love the world of not only business but everything that goes along with it, economics, finance, accounting and marketing. I often get asked how did you ever get into finance? Most people who work in it don’t have a passion for it, they do it because of the high salary. In my case the high salary is just an added bonus, I could not spend the rest of my life working in a profession that I didn’t love and that didn’t intrigue me. So how I am so absolutely sure that I will love my new career as much as I think I will. Well the ultimate test so far for me is that I work in a bank as a customer service representative (Basically I process all the personal and small business account transactions and account maintenance and advise customers which accounts to consider.) When I first applied for the position, I applied not only because I wanted a better paying job, but I wanted to ensure that what I going to school for is what I truly want to do. As of right now I love what I do. (I count money all day for a living, who wouldn’t love that) The aspect that I love most about it, is truly the experience. Every day when I go into work I learn so much not only from my coworkers but the customers as well. It is very interesting to see the different routes that people take when investing their money. Now that it is established why I decided to go to school for finance here is a bit more information on the subject. The following paragraphs consist of different articles about the world of business and finance.
Business, it is often thought of a last resort academic plan. One of those things that students take up when their other academic aspirations of law school of med school don’t turn out exactly how they planned. This is at least what I have heard, when talking to other business student or other people in business industry. One of the most common responses I hear when I ask people “How did you get into business?, is either “Well I wanted a degree that I could easily find a job in” or “I didn’t get into the program of my first choice and my credits transferred over to a business program. ” This is not the case at all for me, I am going to school for Business because it is my passion. (My degree the that I am in pursuit of is a Bachelors in Business Administration, with a major in finance and a minor in Accounting) The reason why I decided to go to school for business and in the end hope to become a corporate investment banker is because I love the world of not only business but everything that goes along with it, economics, finance, accounting and marketing. I often get asked how did you ever get into finance? Most people who work in it don’t have a passion for it, they do it because of the high salary. In my case the high salary is just an added bonus, I could not spend the rest of my life working in a profession that I didn’t love and that didn’t intrigue me. So how I am so absolutely sure that I will love my new career as much as I think I will. Well the ultimate test so far for me is that I work in a bank as a customer service representative (Basically I process all the personal and small business account transactions and account maintenance and advise customers which accounts to consider.) When I first applied for the position, I applied not only because I wanted a better paying job, but I wanted to ensure that what I going to school for is what I truly want to do. As of right now I love what I do. (I count money all day for a living, who wouldn’t love that) The aspect that I love most about it, is truly the experience. Every day when I go into work I learn so much not only from my coworkers but the customers as well. It is very interesting to see the different routes that people take when investing their money. Now that it is established why I decided to go to school for finance here is a bit more information on the subject. The following paragraphs consist of different articles about the world of business and finance.
Academic Articles
Just a note for those whom may read my paper… This is just my opening paragraph and does not include any of my academic articles. I have been crazy busy this week and work with business meetings and I plan on visiting the library on Sunday.
Business, it is often thought of a last resort academic plan. One of those things that students take up when their other academic aspirations of law school of med school don’t turn out exactly how they planned. This is at least what I have heard, when talking to other business student or other people in business industry. One of the most common responses I hear when I ask people “How did you get into business?, is either “Well I wanted a degree that I could easily find a job in” or “I didn’t get into the program of my first choice and my credits transferred over to a business program. ” This is not the case at all for me, I am going to school for Business because it is my passion. (My degree the that I am in pursuit of is a Bachelors in Business Administration, with a major in finance and a minor in Accounting) The reason why I decided to go to school for business and in the end hope to become a corporate investment banker is because I love the world of not only business but everything that goes along with it, economics, finance, accounting and marketing. I often get asked how did you ever get into finance? Most people who work in it don’t have a passion for it, they do it because of the high salary. In my case the high salary is just an added bonus, I could not spend the rest of my life working in a profession that I didn’t love and that didn’t intrigue me. So how I am so absolutely sure that I will love my new career as much as I think I will. Well the ultimate test so far for me is that I work in a bank as a customer service representative (Basically I process all the personal and small business account transactions and account maintenance and advise customers which accounts to consider.) When I first applied for the position, I applied not only because I wanted a better paying job, but I wanted to ensure that what I going to school for is what I truly want to do. As of right now I love what I do. (I count money all day for a living, who wouldn’t love that) The aspect that I love most about it, is truly the experience. Every day when I go into work I learn so much not only from my coworkers but the customers as well. It is very interesting to see the different routes that people take when investing their money. Now that it is established why I decided to go to school for finance here is a bit more information on the subject. The following paragraphs consist of different articles about the world of business and finance.
Business, it is often thought of a last resort academic plan. One of those things that students take up when their other academic aspirations of law school of med school don’t turn out exactly how they planned. This is at least what I have heard, when talking to other business student or other people in business industry. One of the most common responses I hear when I ask people “How did you get into business?, is either “Well I wanted a degree that I could easily find a job in” or “I didn’t get into the program of my first choice and my credits transferred over to a business program. ” This is not the case at all for me, I am going to school for Business because it is my passion. (My degree the that I am in pursuit of is a Bachelors in Business Administration, with a major in finance and a minor in Accounting) The reason why I decided to go to school for business and in the end hope to become a corporate investment banker is because I love the world of not only business but everything that goes along with it, economics, finance, accounting and marketing. I often get asked how did you ever get into finance? Most people who work in it don’t have a passion for it, they do it because of the high salary. In my case the high salary is just an added bonus, I could not spend the rest of my life working in a profession that I didn’t love and that didn’t intrigue me. So how I am so absolutely sure that I will love my new career as much as I think I will. Well the ultimate test so far for me is that I work in a bank as a customer service representative (Basically I process all the personal and small business account transactions and account maintenance and advise customers which accounts to consider.) When I first applied for the position, I applied not only because I wanted a better paying job, but I wanted to ensure that what I going to school for is what I truly want to do. As of right now I love what I do. (I count money all day for a living, who wouldn’t love that) The aspect that I love most about it, is truly the experience. Every day when I go into work I learn so much not only from my coworkers but the customers as well. It is very interesting to see the different routes that people take when investing their money. Now that it is established why I decided to go to school for finance here is a bit more information on the subject. The following paragraphs consist of different articles about the world of business and finance.
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