There is a vast difference between earlier students (1950s-1980s) and the current students (Graff 25). The current education system focuses mainly on professional or class achievements rather than on extra-curricular activities or sporting activities.
Most students are unaware of the political wind in their country or the world. The education system perceives class achievers as bright or intellects of the world. Therefore, the inability to associate with the outside world through engaging in discussion, debates, analyzing arguments or contributing to other people’s view is the main problem the young generation is facing.
Consequently, the minds of the young generation cannot think beyond schoolwork or anything taught in class. Also, the students are not rebellious even in matters concerning their rights or self-respect (Kakutani Para. 16). They focus more on actions, duties, honor, and teamwork rather than words, feelings, rights, and self.
According to Graff, the main problem lies in the current education curriculum and the political system in the society (27). Students learn to be respectful to their elders especially parents and teachers.
Therefore, when any of them engages in an argument or oppose any activity at school, they are liable to punishment and even expulsion. However, the children who attend school and non-school going children appear to have the same form of behavior. They cannot think beyond books, which reduces their innovative or creative skills when they are not in class.
Most school administrations do not encourage their students to engage in extracurricular activities and if so, the time allocation is minimal, that there is no realization of a child’s potential or talent. Unfortunately, there is politicizing of the education system that students hardly engage themselves during the construction of the school syllabus.
Get your 100% original paper on any topic done in as little as 3 hours Learn More Therefore, the leading solution is to encourage children to read a wide range of books like sports magazine and not necessarily examinable material. Additionally, teachers, lecturers, and professors should engage their students during lessons to enable them to think widely.
Teachers should also involve students during debates or discussion and therefore, allow them to discover their talents, passions or level of creativity. Finally, the media, internet services, and parents should encourage students to debate current issues in society.
In summary, Graff and Kakutani explore several issues that dog the current education system. According to the two scholars, the current education system is to blame for the production of non-intellects in society. The difference and inability of the young generation to get along with the old generation are due to lack of creativeness in the current community.
The teachers and parents are also to blame because they do not accept holding discussions or debates with children yet it may open their minds to think widely. Similarly, the school programs drill children to think about examinations, class activities and not other social or extracurricular activities. However, children should read a wide variety of books, engage in discussions or make conclusions on other people’s view.
Works Cited Graff, Gerald. “Hidden Intellectualism.” Pedagogy 1.1 (2001): 21-36.
Kakutani, Michiko. ”Debate? Dissent? Discussion? Oh, Don’t Go There!” Yale Alumni Magazine, 2002. Web.
“The 2010 Federal Reserve Payments Study” Essay (Article)
Nursing Assignment Help Sponsored by the Federal Reserve Payment (FRP), the article titled “The 2010 Federal Reserve Payments Study” aims to offer an empirical analysis of the noncash payments trends in the U.S. from 2006 to 2009.
Some of the noncash payment methods evaluated in the study include automated clearing house (ACH), check payments, debit card, automated teller machine (ATM) withdrawals, and credit card transactions, among others. Data for this evaluation is obtained from secondary sources, primarily the “2010 Depository Institutions Payments Study”, the “2010 Electronic Payments Study”, and the “2010 Check Sample Study.”
It is however important to note that the findings for this study are compared against the backdrop of a similar study done in 2006, implying that the FRP conducts these studies on a triennial basis, that is, after every three years to principally evaluate any observable changes in noncash payment trends and consumer financial behavior.
One of the general findings that may offer a unified direction in this summary is that noncash payments in the U.S. continue to gain credence over cash payments by virtue of the fact that the number of noncash payments steadily increased at a ‘compounded rate of 4.6 percent’ from 95.2 billion recorded in 2006 to total 109.0 billion in 2009.
It is also worth noting that the estimated value for all noncash payments totaled $72.2 trillion. Figures for the 2006 value of noncash payments are missing in the study, thus it is difficult to evaluate the relative increase in value.
Another general finding that is of importance to this summary is that electronic payments, including debit cards, credit cards, ATM withdrawals and ACH, now collectively surpass three-quarters of all noncash payments in the U.S., while check payments continue to diminish and are now standing at less than one-quarter of all payments effected through noncash modalities. This implies that customers may be losing interest in making payments by check.
The researchers and consultants for this particular study are quick to point out that the increase in electronic payments witnessed in the market as well as the associated decline in the use of checks to make payments can be positively correlated to technological advances and financial innovations that continue to influence the payment modality choices of both consumers and businesses.
Get your 100% original paper on any topic done in as little as 3 hours Learn More In addition, the researchers also note that other factors, such as the business cycle, shifts in the composition of economic activity, government and institutional regulatory frameworks, and demographic shifts, may also have a role to play in influencing the observed trends.
Going by individual noncash payment modalities, it is clear that since the last survey was done in 2006, the debit card has surpassed the check as the most utilized noncash apparatus, while ACH, credit cards, and prepaid cards, such as private label and EBT cards, continue to register impressive results as far as usage is concerned.
Prepaid cards, for instance, increased at the fastest rate from the last study in 2006 to record an impressive 6 billion transactions in 2009. However, the noted decrease in using checks and credit cards as a payment instruments was correlated to the effects of the 2008 economic meltdown rather than permanent shifts in the financial behavior of customers and businesses.
The migration from paper-based payments modalities to electronic instruments, in my view, is the right way to go for the banking and financial sector due to a number of reasons. First, electronic payment techniques allows for faster transactions while making sure that the money still remains in the bank, thus enabling institutions to use such funds to give loans and other services to individuals and businesses.
Second, it is safe to carry a debit card while making individual or organizational payments rather than carry cash. Issues of convenience and efficiency have also been well-catered for in electronic payment instruments since they allow faster interbank transactions as well as bank-customer transactions.
More importantly, customers and businesses need to be provided with instruments that meet a range of market needs, and electronic payment modalities afford such an opportunity. In consequence, these payment modalities should be perceived as critical drivers of economic development.
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