The Knights Of Wall Street Chapter 1 Summary

Jordan Belfort is the notorious 1990’s stockbroker who saw himself earning fifty million dollars a year operating a penny stock boiler room from his Stratton Oakmont, Inc. brokerage firm. Corrupted by drugs, money, and sex he went from being an innocent twenty – two year old on the fringe of a new life to manipulating the system in his infamous “pump and dump” scheme. As a stock swindler, he would motivate his young brokers through insane presentations to rile them up as they defrauded investors with duplicitous stock sales. Toward the end of this debauchery tale he was convicted for securities fraud and money laundering for which he was sentenced to twenty – two months in prison as well as recompensing two – hundred million in

“I am not in this world to live up to other people 's expectations, nor do I feel that the world must live up to mine”, states Fritz Pearls in the “Gestalt Prayer”. As a noted German-born psychiatrist and psychotherapist, Pearls’ quote casts a spot light on social awareness versus self- independence and nonconformity. Similar to the short story “Bartleby, the Scrivener: A Story of Wall Street”, published in Putnam’s Monthly Magazine in 1853 by Herman Melville. The narrator, is an elderly lawyer with a small time firm who hires a scrivener named Bartleby. In the beginning Bartleby does the work asked of him by the lawyer but as time progresses he stops working completely using the phrase “I would prefer not to” as a form of negligible defiance. As a result of Bartleby’s consistent refusal to complete various tasks and to leave the establishment the lawyer is forced to move his practice elsewhere. The lawyer returns to find that Bartleby was labeled as a vagrant and removed from the office by law enforcement. The lawyer’s strange obsession with Bartleby drives him to visit him in the tombs that have become his prison. As he continued his defiance in the form of refusal of food, he soon dies from starvation.

Patient death or serious disability associated with a medication error, and the use or function of a device in patient care in which the device is used or functions other than as intended (AHRQ, 2009).

shall be fined under this title, or imprisoned not more than 25 years, or both.

B required as his health deteriorated. The LPN, however, made the error of not notifying the staff of Mr. B’s condition. She again, made the error of simply silencing the patient’s alarms and walking away. Furthermore, according to policy, Mr. B was to be provided supplemental oxygen and continuously monitored, including the use of ECG, throughout the recovery period, for which he did not have. These numerous hazards and errors eventually led to a code situation and ultimately the death of Mr. B. This death, as it turns out, was a result of a simple medication error for which the team must now implement a change to prevent similar errors from occurring again in the future.

The third leading cause of death in America may surprise you. Hospitals and healthcare organizations dedicate their branding to reflect a place of hope, comfort, and healing when ones health is compromised. Sadly, medical errors do exists in the realm of healthcare. The National Center for Biotechnology Information defines medical error as “an act of omission or commission in planning or execution that contributes to or could contribute to an unintended result.” Medical errors may include incorrect record keeping, administering incorrect medication to a patient, misdiagnosis, failing to remove all surgical instruments and performing surgery on the incorrect site. The Agency for Healthcare Research and Quality identified eight factors that contribute to the cause of medical errors. These factors include “communication problems, inadequate information flow, human problems, patient-related issues, organizational transfer of knowledge, staffing patterns, technical failures and inadequate policies and procedures.”

Bethany McLean and Peter Elkind discuss the company Enron’s executives and how success made the executives lose touch with common decencies such as working alongside with women. This piece shows the imbalance with the treatment of sexes in the workplace and how money makes people insensitive to what is around them. The authors want to reach an audience of common people. They use the fall of Enron to warn about what happens when a business is lead with weak morals. McLean and Elkind shift the tone of the passages from exciting stories about the executives, to pointing out how the glitzy lifestyles are a façade to their collapsing business. This strategy makes the reader go from envy to concern about the priorities of the company.

Hollywood films sometimes survive long after its initial release, moving its characters and messages into mainstream culture. One such example is Oliver Stones’ 1987 film Wall Street, which introduced the world to the infamous Gordon Gekko. Stone set his film in the 1980s around the time when several insider trading scandals and prosecutions were in the news. The film portrayed the high-flying lifestyles of New York traders and speculators and showed the extreme excess and greed of American culture. Gordon Gekko captured the essence of this greedy lifestyle with his “take-no-prisoners” school of capitalism. Gekko is portrayed as a corporate raider. He buys underperforming companies, breaks them up and sells their parts at a healthy profit.

According to Barry (2014), the Joint Commission has acknowledged the severity of complications associated with communication mistakes, for as much as 70% of adverse medical events, 75% of which lead to patient death, are a result of communication breakdowns. Barry (2014) also states that instances of miscommunication cause over two-thirds of adverse effects among patients. As noted by Malekzadeh, Mazluom, Etezadi, and Alireza (2013), as much as 69% of medical errors are preventable in nature and the fact that these issues still plague the field of healthcare in the 21st century is quite perplexing. Therefore, it is the goal of this charter to identify means and ways in which hand-off discrepancies may be minimized and further eliminated, by implementing a tool that will drastically decrease the percentage of handoff errors resulting from a breakdown of communication.

Do film versions of written words hold onto the original author’s message or do they give them an injustice? This research will look at the short story "Bartleby, the Scrivener: A story of Wall Street and compare it to Jonathan Parker's 2001 film version "Bartleby." Herman Melville wrote the short story “Bartleby, the Scrivener: A story of wall street” in 1853, narrating a tale from a lawyer about his strange behaved office clerk Bartleby. In 2001 Johnathan Parker of Parker productions turned that story into a film, “Bartleby.” However, Jonathan Parker makes many changes from the classic original wrote by Herman Melville in 1853. Even though many differences in Jonathan Parker's film version of "Bartleby" have been found to change the

“The Choice of Wall Street,” is the title of the first chapter in William Greider’s 1987 book, “Secrets of The Temple: How the Federal Reserve Runs the Country.” This chapter is basically the story of how and why Paul Volcker was chosen to be the new Federal Reserve Chairman. It all started in 1979 when President Jimmy Carter took a trip to Camp David with his most trusted advisers, the purpose of which was to decide on the course of action that needed to be taken to regain popular support so that he had a chance to win the upcoming Presidential election. All of his advisers understood that the economy was his most pressing issue. Inflation was incredibly high and all attempts to

Even if no one found out about this mistake, eventually it could happen again if you don’t take the necessary steps to correct your mistake, and this time it could be deadly for your patient.

Wrong site, wrong procedure, and wrong patient errors are avoidable safety issues. Nearly 1.9 trillion dollars are spent on medical errors each year in the United States (Catalano & Fickenscher, 2008). Between 1995 and 2007, 691 wrong-site surgeries have been reported to The Joint Commission's Sentinel Event data repository (AHC Media LLC, 2008). In 2003 in response to the outcry for better patient safety The Joint Commission

Medical errors caused by human oversight are the main issue inside Emory Healthcare. In 1986, it was calculated that 37% of the patient cases had medication treatment fault. The problems are due to the lack of standard for orders by physicians. Physicians would place orders by hand writing, and then they would call a nurse and ask him/her to write the

Reporting errors can strengthen the processes of care and also enhance the quality of care. To effectively avoid further errors that can cause harm to patients, improvements must be made on the incidents or events reported in reporting system. Reporting errors can help the organizations better understand what happened, identify the factors that cause the occurrence of errors or incidents, determine its frequency and predict whether it could happen again and find an intervention to prevent or to