Banking In Argentina Essays

Banking In Argentina Essays Banking In Argentina Essay Banking In Argentina Essay Banking on Argentina Background: London based HSBC derives its name from its founding members, the Hong Kong and Shanghai Banking Corporation Limited was established in 1865 and it permitted trading between China and Europe. After World War II HSBC expanded and diversified its business into Canada, Australia, and the United States; and in the 1990s expanding further into Brazil and Argentina. HSBC entered into Argentina in 1997 because their GDP had Just grown by 6. 1% in the last 6 years. Little did they know that Argentina was about to fall into recession. Now HSBC has to rethink loans and decide if the political and economic instability of the country was worth the risk of continued operations. Issue: Should HSBC move out of Argentina? Analysis: Yes 1: HSBC lost a total of $1. 1 billion in 2001 because of Argentinas problems. They started losing money once they entered Argentina, and that is never a good sign of a place being good for business. Yes 2: Argentina is a relatively small market compared with faster growing markets in Asia, including Hong Kong and China. They would make more revenue if they leave Argentina and stay in Asia. Yes 3: Argentina was burdened by its huge debt to private creditors and the IMF. Though they paid off the $9. 8 billion they still have several other debts including $9 billion owed to the Paris Club of creditor nations. Argentina has a lot of debt; that should be a sign for HSBC to move out of Argentina. No 1: HSBC reported that a strong rebound in industrial production and increased export of motor vehicles to Brazil has led to a 7. % increase in GDP in Argentina. They are showing signs of getting better. Its not going to be fast or easy but Argentina is showing hopes of staying afloat. No 2: There are higher sales in Argentina, and improved margins due to repricing initiatives. Argentinas economy is in a little better position than before and they are, again, showing that they are getting better. No 3: HSBC knows that exports have picked up, and they know that trade will not improve significantly in Argentina but they are illing to stick with it and see how things end up. Conclusion: Yes I believe HSBC should move out of Argentina because they lost a total of $1. 1 billion in 2001 because of Argentinas problems. Argentina Just paid off $9 million to IMF and still owe another $9 million to Paris Club of creditors nation. Also Argentines have attacked bank branches notably foreign-owned one because they are furious at the continuing freeze of their savings. They have only lost money since entering Argentina. Banking In Argentina By smrtass23

Objects Commonly Left Inside the Body After Surgery

Objects Commonly Left Inside the Body After Surgery When undergoing surgery, most patients dont consider that they could leave the hospital with foreign objects in their bodies. Research studies indicate that thousands of incidents (4,500 to 6,000) of this type happen each year in the United States alone. Retained surgical instruments after surgery can cause a number of serious health issues and may even lead to death. Leaving foreign objects in a patients body is a mistake that could be avoided with the implementation of extra safety precautions. 15 Objects Commonly Left Inside the Body After Surgery Depending on the type of surgery, surgeons are estimated to use over 250 types of surgical instruments and tools during a single procedure. These objects are difficult to keep track of during surgery and are sometimes left behind. The types of surgical objects commonly left inside a patient after surgery include: spongesscalpelsscissorstowelsdrain tipsneedlesguide wiresclampstweezersforcepsscopessurgical masksmeasuring devicessurgical glovestubes The most common objects left inside a patient are needles and sponges. Sponges, in particular, are difficult to keep track of as they are used to soak up blood during surgery and tend to blend in with the patients organs and tissues. These incidences happen most often during abdominal surgery. The most common areas in which surgical objects are left inside a patient are the abdomen, vagina, and the chest cavity. Why Objects Get Left Behind Surgical objects are unintentionally left inside a patient for a number of reasons. Hospitals typically rely on nurses or technicians to keep track of the number of sponges and other surgical tools used during surgery. Human error comes into play as incorrect counts can be made due to fatigue or chaos as a result of a surgical emergency. Several factors can increase the risk that an object may be left behind after surgery. These factors include unexpected changes that occur during surgery, the patients body mass index is high, multiple procedures are needed, procedures involving more than one surgical team, and procedures involving greater blood loss. Consequences of Leaving Objects Behind The consequences of having surgical tools left inside a patients body vary from harmless to fatal. Patients may go for months or years not realizing that they have foreign surgical objects within their bodies. Sponges and other surgical implements can lead to infection, severe pain, digestive system problems, fever, swelling, internal bleeding, damage to internal organs, obstructions, loss of part of an internal organ, prolonged hospital stays, additional surgery to remove the object or even death. Cases of Objects Left Inside Patients Examples of surgical objects being left inside patients include: A patient in a Wisconsin hospital was undergoing cancer surgery and a 13-inch surgical retractor was left inside his abdomen.A six-inch metal surgical clamp was left in a mans abdomen (behind his liver) following intestinal surgery in California. Even more astonishing is that this was the second time that a clamp was left inside this same patient after surgery.Surgical scissors were left inside a woman who had undergone uterine cancer surgery.A surgical glove was left inside a woman who had undergone a hysterectomy.A two-inch scalpel was left inside the abdomen of a man who was having heart bypass surgery. Prevention Methods Large surgical instruments are not commonly left inside patients. Retained surgical sponges make up the vast majority of objects left behind after surgery. Some hospitals are using sponge-tracking technology to ensure that these items are detected and not left inside a patient. The sponges are bar-coded and scanned when they are used to reduce the risk of an inaccurate count. They are scanned again after surgery to ensure that there are no discrepancies. Another type of sponge-tracking technology involves radio-frequency tagged sponges and towels. These items can be detected by an x-ray while the patient is still in the operating room. Hospitals that use these types of surgical object tracking methods have reported a drastic reduction in the rate of reported retained surgical objects. Adopting sponge-tracking technology has also proven to be more cost-effective for hospitals than having to perform additional surgeries on patients to remove retained surgical objects. Sources Eisler, Peter. â€Å"What Surgeons Leave behind Costs Some Patients Dearly.† USA Today. Gannett, 08 Mar. 2013. Web. 6 July 2016. usatoday.com/story/news/nation/2013/03/08/surgery-sponges-lost-supplies-patients-fatal-risk/1969603/.Williams, T. Tung, D. et al. Retained Surgical Sponges: Findings from Incident Reports and a Cost-Benefit Analysis of Radiofrequency Technology. J Am Coll Surg. 2014 Sep;219(3):354-64. doi: 10.1016/j.jamcollsurg.2014.03.052. Epub 2014 May 10.