Attorney General Alberto Gonzales Controversy

Attorney General Alberto Gonzales Controversy No matter what school may teach, honesty is something that could be abused or even betrayed by ones friends, coworkers, and even various people involved in politics. Sometimes when people get appointed at such a high level within a government and presented with such fame, the power could go to their heads causing them to make decisions that could not only be irrational but also easily avoidable bonehead moves. In one particular scenario, there was a time when former Attorney General Alberto Gonzales misused his power to his advantage. The Senate had reauthorized a law where it permitted the Attorney General to appoint interim U.S. Attorneys without a term limit in office, and avoid a confirmation vote. The change gave the Attorney General greater recruiting or hiring powers than the President, in terms of hiring attorneys for the states. Since the Presidents U.S. Attorney appointees are required to be confirmed to work in office by the Senate. By April 2007, there was some speculatio n that the dismissal of the U.S. attorneys might affect cases of public corruption and voter fraud. First, generally speaking, there was a large amount of people involved in this matter. However, the center point is around Attorney General Alberto Gonzales. Gonzales was born on Aug. 4, 1955, in San Antonio, Texas, and his parents were Mexican immigrants (Holscher). Gonzales served in the U.S. Air Force from 1973 to 1975 and studied at the U.S. Air Force Academy from 1975 to 1977. He earned a bachelors degree from Rice University in 1979 and a law degree from Harvard Law School in 1982. After graduation, he joined a law firm in Houston (Holscher). He is a hard worker nonetheless; he will continue to strive for success throughout his entire life. Furthermore continuing with Gonzales, he remained with the Houston firm, specializing in corporate law, until 1995. That year, Bush, then governor of Texas, selected Gonzales to be his general counsel-that is, chief legal adviser. Gonzales served in that position until 1997, when he became Texass secretary of state (Holscher). This alone is a very remarkable achievement for anyone; he is on his way to something bigger, according to the trend of his rise in his career rankings. However, just like when everyone becomes a politician during some point of his or her life if they do make that choice, people will always try to find out info about them to find out if they were involved in any wrongdoings. In 2001, after Bush had been elected president of the United States, Gonzales left the court to become counsel to the president. He remained in that position until Bush named him to the Cabinet in 2005 (Holscher). He became the 80th United States Attorney General. In addition to that, he was also the first Hispanic American to hold the office (Holscher). However, here on out a series of events would begin to unfold to be controversial for Mr. Gonzales. One of the people affected by the actions of Alberto Gonzales is Michael A. Battle. Mr. Battle has held several distinguished public service posts, including serving as directo r of the U.S. Department of Justices Executive Office for U.S. Attorneys, where he oversaw all 93 U.S. Attorneys and acted as a liaison with other federal agencies (Michael A. Battle). He is one who is very well involved with law, and in doing so someone typically wants to have an open-minded mentality with no judgmental bias when dealing with particular cases or scenarios. Mr. Battle was a U.S. Attorney he à ¢Ã¢â€š ¬Ã‚ ¦sat on the Attorney Generals Subcommittee on Civil Rights, U.S. Sentencing Guidelines and White Collar Fraud, and helped create a U.S. task force to prosecute fraud in the aftermath of Hurricane Katrina (Michael A. Battle). During his several years of service, he is/was definitely an asset for the American people. However, in relation to this mess of a situation he was the one who informed the seven attorneys of their initial dismissal on the date December 7, 2006. That was his main part during this whole thing. Whether the firings were with good reason, one would think he would question whether it was ethical to just release those people from their jobs all on the same day, even when there was mild speculation regarding if it was all for political reasons? Given if someone has a job/career and a boss tells them to do something they would typically do it, in this scenario someone would have at least given some thought on if it was okay or not. Alas, Michael Battle did what he had to do. The seven attorneys released that day include David Iglesias, Kevin V. Ryan, John McKay, Paul K. Charlton, Carol Lam, Daniel Bogden, and finally Margaret Chiara. Each one of these people played a part, minor rather, in this scandal. First, David Iglesias was initially recruited over the summer of 2001 by former President George W. Bush, in which he served as an attorney for the U.S. for the district of New Mexico. However just like several of his colleagues he was fired in 2006, describing the matter as a performance related issue. It was speculated of course that that was not the case whatsoever. Next is Kevin V. Ryan, another person related to the dismissal of the U.S. attorneys. He was the former attorney for the northern part of California. He was confirmed of his position by nomination of again, George W. Bush in 2002; he announced his resignation in early 2007. He was actually fired leading to his resignation for the same reason of poor performance and how it could be a problem in various ways including how it would be a public relations issue. John McKay, former attorney for the western part of Washington State, comes from a well-known background of being a republican. Of course, just as if everyone else was given the description of his dismissal/resignation to be performance related, worried about his leadership and how he managed priorities. Paul K. Charlton was until his release in 2006, a U.S. attorney for the state of Arizona but now serves as a partner at a law firm in Phoenix Arizona called, Steptoe Johnson. The disclosure of his release is also regarding how poor his performance was while he was serving as a U.S. attorney. Next is Carol Lam, and she was the southern U.S. attorney for the district of California. However, her good service in terms of her job still caused accusations of corruption and poor work related moves, or performance. Thus ultimately leading to her resignation from her duties. Daniel Bogden was another victim of these sudden firings in 2006; his services were for the state of Nevada as well. He is a republican, thus leading to speculation for his, among other people, dismissal of their position at the time. However, President Barack Obama offered him a position in 2009. Lastly, Margaret Chiara, former and first female attorney for the state of Michigan. She was told that she was going to be removed and havea successor take her spot. She was quoted saying, To say it was about politics may not be pleasant, but at least it is truthful and went on to say that poor performance was no t truthful nor possible as an explanation on her firing. Many of the facts of the scandal are repetitive and recurring on how the attorneys were fired, the most common is the disconnect between the actual truth on how and why they were all released. All of them just so happen to be performance related when really it seemed to be, as the scandal broke out and was much more widely inspected by others, to be for political reasons for why they were fired. It being on the date of December 7, in an episode that some of its victims have already taken to calling the Pearl Harbor Day Massacre' (Zagorin). It was said that when the attorneys were hired that they can be replaced, at least theoretically, at any time for any reason (Zagorin). However what can be called into question is the ethics on why they were all truly fired, given the situation there is not any doubt that there could be some sort of wrongdoing. Of course Attorney General Alberto Gonzales is the main pinpoint of the whole controversy, as it turns out in a twist it seems that it is h im that has performance related issues in his work as well, except his in this case he had actual issues. Every one of the U.S. attorneys seemed to have a hunch that all of the allegations that were being thrown at Gonzales direction were going to be true, and that one day the truth will come out. Finally, as a result Gonzales ethics came into play. In addition to that, It was also unclear how directly involved Gonzales and the White House were in the decision (Gonzales, Alberto R.). He actually had quite some history with his controversial career that he has had, dating even to the start of the Bush administration in 2001. He was a somewhat controversial figure for having provided legal justification while White House counsel for the brutal treatment of prisoners and detainees held during the U.S. battle against terrorism (Gonzales, Alberto R.). He subsequently resigned during the year of 2007 from his position as U.S. attorney general. Following his resignation as attorney general in 2007, Gonzales worked as a consultant and public speaker. In 2009, Texas Tech University hired Gonzales as a recruiter and instructor (Holscher). His former chief of staff Kyle Sampson did not help Gonzales much either. Even was said to say, The decision-makers in this case were the attorney gen eral and counsel to the president (Akron Beacon Journal). This is a direct blow at the attorney general depicting his direct general involvement in the matter while at the same time this increased the concern of a growing scandal. In conclusion, to all of this, the scandal of the U.S. attorneys being fired for political reason proved to be a diminishing setback on former Attorney General Alberto Gonzales career. It is safe to say that the lives of the people he had effected/been involved with his actions and changed their way of life. In the end, any negativity is eventually resolved and this can pertain in real life. Time help in the general healing of issues with people, groups, or even the U.S. government.

Information System Briefing

Information system briefing By Adrienne Williams Healthcare Information systems HCS/483 10/16/12 Instructor Dionne Mahaffey Introduction In this information system briefing I will be discussing the process of researching and selecting Good information systems, when selecting a system you must always know the goal of the organization. mainly how this change can affect the stakeholders selection process. This system is distinct by way of an electrical form of communicating information (American Heritage Dictionary).In studies it’s clear to see the theory of information systems is just shared ideas and information; telecommunication though a computer. This type of technology has become very valuable when it comes to teaching and learning material system modules for any organization. In most accomplishment the general point of the project rest on having a system in place that can implementing a plan to meet the necessities of the healthcare Manufacturing business world today. Appl ying an information system is always a difficult task. It’s very significant to select a system that will benefit the organization accomplishments.Information Systems Briefing In many cases when it comes to healthcare organization being up to speed with the latest technology can and will help offer top notch patient care services. Most organization who are up to date has an department dedicated to information system it is in place to safeguard the technology up to the standards it needs to be. Updating this type of technology can be a bit of a challenge. The company always has a team of people to organize the information must choose the best technology for them to achieve the goals that are set for the company.Stakeholders are involved in every part of the planning and the setting up of the goals if the organization if the stakeholders do not know the steps about the information system technology they won’t know what’s taking place. Once goals are set into place it’s no longer difficult to choose the right information system. Part of the process of getting the system to work correctly for the company can be completed however it’s quite lengthy. The selection of a new healthcare information system (HIS) has been known to be overwhelming process for most clinicians.If the company can prevent any past mistakes of other companies that have tried but failed that will be of lessons learned. What’s to keep in mind is number of collaborators involved in electronic healthcare interventions. It’s identified and classified by five categories: data management, data creation, data sharing, modules management and data presentation. When reading what needs to be done in the selection of obtaining an information system, it is set in place to be how the organization will begin. Then the research for the right system the organization has picked is done.While doing the research, everyone involved should understand be able to under stand the technology before it is introduces to the entire organization (kim, king, & Brown, 2010). The ones who the team always aim to impress is the stakeholders, with that being said the all teams will have to exhibit the main topics to the stakeholders before applying this system into the organization. When implementing the system another important part of the research is for the shareholders to understand the process for this system, (Martin, Sargent, Naomi, & Swiernik, 2011). The cost is another portion that must go to the stakeholders.Closing When strategic planning is finished, the motivation for every person involved has increased and it built a shared vision to see the success of the project. When the members of the team have great communication that is what makes the key to a successful project. The members of the vision ,clarity, and good performance measures all play a role. Reference page Romanow, Darryl; Sunyoung Cho; Straub, Detmar. MIS Quarterly. Sep2012, Vol. 36 Is sue 3, piii-A18. 26p. 24 Charts, 2 Graphs. Paschali, Kallirroi; Tsakona, Anna; Health Science Journal, 2012 Jul-Sep; 6 (3): 418-31 (journal article – algorithm, review) ISSN: 1108-7366

Rafael Trujillo Biography

Rafael Leà ³nidas Trujillo Molina (October 24, 1891-May 30, 1961) was a military general who seized power in the Dominican Republic and ruled the island from 1930 to 1961. Known as the Little Caesar of the Caribbean, he is remembered as one of the most brutal dictators in Latin Americas history. Fast Facts: Rafael Trujillo Known For: Dictator of the Dominican RepublicAlso Known As: Rafael Leà ³nidas Trujillo Molina, Nicknames: El Jefe (The Boss), El Chivo (The Goat)Born: October 24, 1891 in San Cristà ³bal, Dominican RepublicDied: May 30, 1961 on a coastal highway between Santo Domingo and Haina in the Dominican RepublicParents: Josà © Trujillo Valdez, Altagracia Julia Molina Chevalier  Key Accomplishments:  While his regime was rife with corruption and self-enrichment, he also undertook the modernization and industrialization of the Dominican RepublicSpouse(s): Aminta Ledesma Lachapelle, Bienvenida Ricardo Martà ­nez, and Marà ­a de los Angeles Martà ­nez AlbaFun  Fact: The merengue song Mataron al Chivo (They Killed the Goat) celebrates the assassination of Trujillo in 1961 Early Life Trujillo was born of mixed-race ancestry to a lower-class family in San Cristà ³bal, a town on the outskirts of Santo Domingo. He began his military career during the U.S. occupation of the Dominican Republic (1916-1924) and was trained by U.S. marines in the newly formed Dominican National Guard (eventually renamed the Dominican National Police). Generalissimo Rafael L. Trujillo (left), Commander -in-Chief of the Dominican Republic armed forces, reviews a complement of the US Destroyer Norfolk, during a recent visit of the warship here. The nation declared a special holiday in honor of the visiting personnel, who in turn were invited to inspect the thirty naval vessels of the Dominican navy. Bettmann / Getty Images Rise to Power Trujillo eventually rose to Chief of the Dominican National Police, all the while engaging in shady business deals related to the purchase of military food, clothes and equipment, from which he began to amass wealth. Trujillo demonstrated a ruthless tendency to remove enemies from the army, place allies in key positions, and consolidate power, which is how he became the commander-in-chief of the army by 1927. When President Horacio Và ¡zquez fell ill in 1929, Trujillo and his allies saw an opening to prevent Vice President Alfonseca, who they considered to be an enemy, from assuming the presidency. Trujillo began to work with another politician, Rafael Estrella Ureà ±a, to seize power from Và ¡zquez. On February 23, 1930, Trujillo and Estrella Ureà ±a engineered a coup that eventually resulted in both Và ¡zquez and Alfonseca resigning and ceding power to Estrella Ureà ±a. However, Trujillo had designs on the presidency himself and after months of intimidation and threats of violence toward other political parties, he assumed the presidency with Estrella Ureà ±a as vice president on August 16, 1930. The Trujillo Agenda: Repression, Corruption and Modernization Trujillo proceeded to murder and jail his opponents after the election. He also established a paramilitary force, La 42, designed to persecute his opponents and generally instill fear in the population. He exerted full control over the islands economy, establishing monopolies over salt, meat and rice production. He engaged in blatant corruption and conflicts of interest, forcing Dominicans to buy staple food products distributed by his own companies. By rapidly acquiring wealth, Trujillo was eventually able to push out owners across various sectors, such as insurance and tobacco production, forcing them to sell to him. Vice-President Richard M. Nixon and General Rafael L. Trujillo of the Dominican Republic (right) exchange warm greetings on Nixons arrival in Ciudad Trujillo, March 1st. The visit to the Dominican Republic marked the next-to-last stage of Nixons good Will tour of Latin America. During an official motorcade through the city, Nixon was cheered by some 15,000 schoolchildren. Streets were decked with U.S. and Dominican flags. Bettmann / Getty Images He also issued propaganda proclaiming himself as the savior of a previously backward country. In 1936 he changed the name of Santo Domingo to Ciudad Trujillo (Trujillo City) and began to erect monuments and dedicate street names to himself. Despite the vast corruption of Trujillos dictatorship, his fortunes were closely tied to the Dominican economy, and thus the population benefitted as his government went about modernizing the island and undertaking infrastructure and public works projects, such as improving sanitation and paving roads. He was particularly successful in pushing industrialization, creating industrial plants for the production of shoes, beer, tobacco, alcohol, vegetable oil, and other products. Industries enjoyed special treatment, like protection from labor unrest and foreign competition. Sugar was one of Trujillos largest ventures, particularly in the post-war era. Most of the sugar mills were owned by foreign investors, so he set about buying them up with state and personal funds. He used nationalist rhetoric to back up his agenda of taking over foreign-owned sugar mills. At the end of his reign, Trujillos economic empire was unprecedented: he controlled nearly 80% of the countrys industrial production and his firms employed 45% of the active labor force. With 15% of the labor force employed by the state, this meant that 60% of the population depended on him directly for work. Although Trujillo ceded the presidency to his brother in 1952 and 1957 and installed Joaquà ­n Balaguer in 1960, he maintained de facto control over the island until 1961, using his secret police to infiltrate the population and rout out dissent using intimidation, torture, imprisonment, kidnapping and rape of women, and assassination. The Haitian Question One of Trujillos most well-known legacies was his racist attitudes toward Haiti and the Haitian sugarcane laborers who lived near the border. He stoked the historic Dominican prejudice against black Haitians, advocating a deafricanization of the nation and restoration of Catholic values (Knight, 225). Despite his own mixed race identity, and the fact that he himself had a Haitian grandparent, he projected the image of the Dominican Republic as a white, Hispanic society, a myth that persists to this day with bigoted, anti-Haitian legislation being passed as recently as 2013. A celebration in praise of President Rafael L. Trujillo Sr. The LIFE Picture Collection / Getty Images Trujillos anti-Haitian sentiment culminated in the murder of an estimated 20,000 Haitians in October 1937, when he traveled to the border and declared that the Haitian occupation of the border areas would no longer continue. He ordered all Haitians remaining in the area to be murdered on sight. This act provoked widespread condemnation across Latin America and the U.S. After an investigation, the Dominican government paid Haiti $525,000 for damages and injuries occasioned by what officially was termed frontier conflicts. (Moya Pons, 369). Trujillos Downfall and Death Dominican exiles opposed to the Trujillo regime carried out two failed invasions, one in 1949 and one in 1959. However, things shifted in the region once Fidel Castro succeeded in overthrowing Cuban dictator Fulgencio Batista in 1959. In order to help the Dominicans overthrow Trujillo, Castro armed a military expedition in 1959 composed mostly of exiles but also some Cuban military commanders. The uprising failed, but the Cuban government continued urging Dominicans to revolt against Trujillo and this inspired more conspiracies. One widely publicized case was that of the three Mirabal sisters, whose husbands had been jailed for conspiring to overthrow Trujillo. The sisters were assassinated on November 25, 1960, provoking outrage. One of the decisive factors in Trujillos downfall was his attempt to assassinate Venezuelan President Romulo Betancourt in 1960 after discovering that the latter had participated years before in a conspiracy to oust him. When the assassination plot was revealed, the Organization of American States (OAS) severed diplomatic ties with Trujillo and imposed economic sanctions. Moreover, having learned its lesson with Batista in Cuba and recognizing that Trujillos corruption and repression had gone too far, the U.S. government withdrew its longstanding support of the dictator it had helped train. On May 30, 1961 and with the help of the CIA, Trujillos car was ambushed by seven assassins, some of whom were part of his armed forces, and the dictator was killed. 6/5/1961-Ciudad Trujillo, Dominican Republic-Newsmen view the car in which Dominican dictator Rafael Trujillo was assasinated. The automobile contained about 60 bullet holes, and had blood stains on the back seat where Trujillo was seated. Late June 4th, Dominican authorities reported that two of the assassins had been killed in a gun battle with security police. Bettmann / Getty Images Legacy There was widespread rejoicing by Dominicans when they learned that Trujillo had died. Bandleader Antonio Morel released a merengue (the national music of the Dominican Republic) shortly after Trujillos death called Mataron al Chivo (They killed the goat); the goat was one of Trujillos nicknames. The song celebrated his death and declared May 30 a day of freedom. Many exiles returned to the island to tell stories of torture and imprisonment, and students marched to demand democratic elections. Juan Bosch, a populist reformer, who had been an early dissident during the Trujillo regime and who had gone into exile in 1937, was democratically elected in December 1962. Unfortunately his socialist-leaning presidency, focused on land reform, was at odds with U.S. interests and lasted less than a year; he was deposed by the military in September 1963. While authoritarian leaders like Joaquà ­n Balaguer have continued to hold power in the Dominican Republic, the country has maintained free and competitive elections and has not returned to the level of repression under the Trujillo dictatorship. Sources Gonzalez, Juan. Harvest of Empire: A History of Latinos in America. New York: Viking Penguin, 2000.Knight, Franklin W. The Caribbean: The Genesis of a Fragmented Nationalism, 2nd edition. New York: Oxford University Press, 1990.Moya Pons, Frank. The Dominican Republic: A National History. Princeton, NJ: Markus Wiener Publishers, 1998.

Trading Performance Banking Corporation Essay Example Pdf - Free Essay Example

Sample details Pages: 4 Words: 1252 Downloads: 2 Date added: 2017/06/26 Category Finance Essay Type Analytical essay Tags: Banking Essay Did you like this example? The objective of this report is to monitor and analyse the trading performance of Westpac Banking Corporation 3 weeks prior and three weeks after adjacent to its media release of its 2009 Profit Announcement for the year ending 4th November 2009. This data recorded will be used to calculate the effect that Westpacs accounting announcement has on shareholders confidence, and the relationship between shareholder reactions and share performance. This report will also provide a detailed description of any changes that occur which may have some degree of influence on Westpac Banks share price. Don’t waste time! Our writers will create an original "Trading Performance Banking Corporation Essay Example Pdf" essay for you Create order If found these feats will be graphed and held in comparison to leading competitors in the same field. Westpac Bank is one of the biggest banking corporations in Australia. Westpac provides a wide range of services including institutional and commercial banking, retail services and wealth management services in New Zealand and Australian markets. Westpac Bank was publicly listed on the stock exchange on July 18th 1970. Currently Westpac Bank has over branches in Australia Westpac Banking Corporation contends directly with Commonwealth Bank Australia (CBA) and Australian and New Zealand Banking Group Limited (ANZ) in its finance and banking industry. Westpac Bank is Australias oldest bank and holds a prestige reputation in the banking field. Westpac Banking Corporation also incorporates a number of acquisitions such as St. George Bank Bt Financial Group FOOTNOTE 1 Westpac Banking Corporation is a publicly listed company which trades on the Australian Securities Exchange (ASX). Announcement On the 4th August 2009, Westpac Banking Corporation produced a profit announcement for the year ended the 30th of September 2009 FOOTNOTE 2. Westpacs announcement included that of 3,446 million after tax, FOOTNOTE 3 which was released through to the general public by media release from Westpac whilst also reported in several newspapers. WBC. (2009). Westpac Banking Corporation-Investor Discussion Pack. Retrieved 13th February, 2009. From https://www.asx.com.au/asxpdf/20091104/pdf/31lv9gtdm46z5w.pdf WBC (2009). Westpac Banking Corporation-Westpac Investor Discussion Pack. Retrieved 13th February. 2009, from https://www.asx.com.au/asxpdf/20091104/pdf/31lv9gtdm46z5w.pdf WBC. (2009. 4th November 2009). Westpac 2009 Full year Result Announcement. 4th November 2009. 2009, from https://www.asx.com.au/asx/statistics/announcements.do?by=issuerIdissuerId=1361timeframe=Yyear=2009 The announcement of 3,446 million after tax proved a very solid profit margin for Westpacs financial y ear. A growth of 9% was recorded in the core earnings of according to the year 2009 comparison to 2008s net profit. FOOTNOTE 4 Expected Impact of Announcement (Prior to the 4th November) Through examination of Westpac Banking Corporations share prices leading up to the 4th of November 2009 on the ASX (Australian Securities exchange) website, one possible situation was predicted and are as presented The share prices for Westpac Banking Corporation would see a dramatic increase due to restored confidence in the publicly listed company. The profit announcement of 3,446 million dollars for Westpacs financial year ending September 30th 2009 would have created a sense of strength for investors of the company, for the decrease in stock prices over 2009 due to the depression generated loss of confidence throughout the market across the board. This immense profit in a struggling economy would almost guarantee a higher stock price. Actual Impact of Announcement (After 4th November 2009) Scrutiny of Westpac Banking Corporations stock performance showed a rapid and extensive increase in its overall closing share price. This is shown in Westpacs cumulative residual (shown below in figure 1.1, Westpac Cumulative) which clearly shows a considerable increase once reached November 4. Westpacs performance leading up to the November 4th profit announcement showed steady increases and decreases resulting in an overall increase over time. Westpacs return in comparison to the market had been similar in the 3 weeks prior to November 4, however WBC. (2009). Westpac Banking Corporation-Full Year Results. Retrieved 13th February, 2009. From https://www.asx.com.au/asxpdf/20091104/pdf/31lv9gtdm46z5w.pdf as time advanced the bank gradually rose above the market. This substantial increase is unquestionably the result of the November 4th profit announcement of $ 3,446 million restoring confidence resulting in an improved volume and higher stock prices. Study of Westpac Ban king Corporations competitors in the field including ANZ (Australia and New Zealand Banking) and CBA (Commonwealth Bank of Australia) over the period of 3 weeks prior and post of the November 4th profit announcement displayed no relation or mutual increase or decrease that could be related to an external influence. Cumulative residual graphs of ANZ and CBA show no sudden jump or increase post November 4. At WBAs peak of 15% (shown below in figure 1.7, Cumulative Residual Comparisons), ANZ and CBA showed no common increase with CBA sitting on 2% and ANZ just short of 3%. These statistics shown prove that Westpacs increase was not a result of an external influence that may have shown in ANZ and CBAs figures and that of the profit announcement on the 4th of November. Figure 1.7 Cumulative Residual Comparisons If the possibility of an external influence was apparent, increases across the board throughout the banking field would be shown on the chart below (figure 1.8). WBC, CBA and ANZ banks returns have been charted in comparison to the return on the market index to seek out any similar patterns in relation to the immense increase of WBC profit announcement, resulting in an amplified share price. Market Return v WBC, ANZ CBA The chart above displays an informative individual performance of each WBC, CBA and ANZ post to Westpacs November 4th announcement in accordance to the market return at the same time period. It is therefore distinguished that Westpac Banking Corporations instant increase of 10% was a distinct reaction in accordance to the profit announcement. This therefore completely rules out any type of external influence that may have affected this sudden increase. No major changes to the Westpac Banking Corporation were announced on November 4th as well as the yearly profit announcement. Limitations of Analysis In this report limitations are inevitable and are important in data analysis and comparisons of all companies included. Westpac Banking Corporations announcement was taken from the ASX (Australian Stock Exchange) website, all announcements were preferred to be via newspaper articles, resulting in a more widespread user population.. This may have provided different data and a greater external reaction to the stock price at the time of the release. To gain a higher confidence that no external factors contributed to the profit announcement, resulting in a higher stock price, more than two companies would be needed to compare and give an informed conclusion. If an increased amount of companies operating in the same field were used in comparison this would create a much more credible conclusion. All information and data has been taken from the 3 weeks either side of the November 4 announcement. If a stronger argument was required a more extensive data collection would have been carried out. Conclusion Increases in share prices are evident throughout the stock market via a wide variety of factors. Positive profit announcements are major in the improvement of investor confidence and advancing companies credibility. Such increases and decreases of confidence in the stock market are possible through situations involving global or national depressions, interest rates, manufacturing policies, major market subsidiary, reactions to market variations etc. Westpac Banking Corporations $ 3,446 million dollar profit announcement is proved to be the definite catalyst in the rapid increase of share prices for Westpac Banking Corporation for the period adjacent to its release. Research into Commonwealth Bank Australia and Australian and New Zealand Banking proved no similarity in common increases relating to the specific time period, therefore proving that no external influence was present throughout the time of Westpac Banking Corporations November 4th announcement.