A Study On Financial Crisis - 1964 Words

This-time-is-different syndrome is derived from the attic faith that our country is powerful that we possess advanced financial system, superior policy and policy makers, innovative financial instru-ments. Financial crises are things that happen to other countries at other times; crises do not occur to us at this time at country. Carmen Reinhart and Kenneth Rogoff with their working that provides empirical evidence of the relations among currency, sovereign government defaults , banking crisis, stock market crashes , debt, financial crises, inflation, and long-term economic growth. (Reinhart and Rogoff 2009a and 2009b). This essay are organised by four parts. Section II presents a brief sum-mary of the book â€Å"this time is different† and some important views of Reinhart and Rogoff. At the same time, to some relatively sanguine view about 2007-2008 financial crisis should be discussed. Section III presents criticizers opposite to the most influential of their workings and t heir defence to them will be displayed. The last section is the conclusion of the whole essay. Part I of the book focus on the introduction of varieties of crises, the syndrome of debt intolerance and their global database. They pointed out that from 1350-2006, a duration of development of emerging market economy phase, the most notable feature of this time is all countries have defaulted at least once and many several times on external debt, there is nearly no â€Å"default virgins†. (Reinhart and Rogoff).Show MoreRelatedCase Study : The Financial Crisis1084 Words   |  5 PagesAssignment 1 – Case Study: The Financial Crisis The purpose of this case study is to provide an introduction to business ethics. The first section of the assignment is an overview of the stakeholders. The second part is the description of an utilitarian perspective and how it should be applied on the case study. This is followed by the definition of the three ‘maxims’, clashes of rights and two normatives theories examined and applied on the case study. The examples throughout this case study show the constructiveRead MoreFinancial Crisis Case Study875 Words   |  4 PagesIn the lead-up to the global financial crises, Greece was already struggling financially. Joining the European Union (notably below the financial requirements in place by the union) further restricted the control the Greek Government had over manipulating their economy, predominantly due to the centralized euro currency. The government had also been providing false data on their financials for some time, all of which came to a head at the time of t he GFC. Increasing debt levels and decreasing GDPRead MoreGlobal Financial Crisis Case Study1157 Words   |  5 Pagesof the 2016 work of Firoozye and Ariff , Managing Uncertainty, Mitigating Risk, the logic, justification, and tools of one such approach will be elucidated. Firoozye and Ariff diagnose, like many others, that the systems prior to the Global Financial Crisis were not set up in such a fashion that they could handle when events didn’t fall in the ‘correct’ probability distributions (i.e., that the highly unlikely did, apparently unaccountably, occur). At the heart of their argument, however, is anRead MoreFinancial Crisis Of 2008 : Case Study1626 Words   |  7 PagesNovember 2016 Financial Crisis of 2008 It all began with the collapse of Lehman Brothers in September of 2008. What followed this collapse was a domino effect which saw a near crash of the world’s financial industry, shortly leading to the greatest recession since the Great Depression. This great economic disruption would subsequently require hundreds of billions of taxpayer dollars and government debt to straighten out. 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Since attitude strength is more closely tied to actual purchase behavior than is attitude valence (Fazio 1995; Petty, Haugtvedt, and Smith 1995; Priester et al. 2004), a more convincing case for the power of attachment would be Read MoreMacys Inc Financial Crisis Case Study760 Words   |  3 Pagesfour years. Year Amount 2008 33 million 2009 4 Billion 2010 35 million 2011 10 million Notice that the trend of net income is increasing from 2009 to 2011. This indicates an increase in consumer spending after the financial crisis of 2008. The financial crisis had a major impact on consumer confidence, which is the foundation of spending. If consumers are fearful for their well being, they will undoubtedly cut discretionary spending. Macys doesnt sell products that are required toRead MoreCase Study : Investment Advisors As A Result Of The Global Financial Crisis1458 Words   |  6 Pages The case study emphasizes the difficulties placed on investment advisors as a result of the global financial crisis that occurred in 2008. The crisis was as a result of the crumbling mortgage market and the impact of collateralized debt obligations associated with the industry. Rudy Wong, a prominent and respected investment advisor, is concerned with advising his clients who are worried about losing their investments and savings due to the crisis. The Dow Jones industrial average wa s on a downwardRead MoreImpact of Financial Crisis on the Textile Industry of Pakistan: a Case Study of Fateh Textile Industry5350 Words   |  22 Pages2011 ISSN 1991-8178 Impact Of Financial Crisis On The Textile Industry Of Pakistan: A Case Study Of Fateh Textile Industry 1 Dr. Zahid Ali Channar, 2Dr. Nanik Ram 1 Assistant Professor, Department of Management Sciences, Faculty of Commerce, Economics and Management Sciences, Isra University, Hyderabad, Sindh, Pakistan. 2 Assistant professor Department of economics, University of Sindh, Jamshoro pakistan. Abstract: After the great depression of 1930s, financial crisis of 2007-09 were most serious

Literature as a Looking Glass Free Essays

Perhaps it is the aim of every storyteller to leave their reader a little changed after having read the tales they so carefully weave.   But how many authors can actually achieve this? Leaving their audience with a story that broadens the mind, asks deep questions, and probes into the way we work is not easily done.   The ability to move us from one plane to another is what distinguishes a really great writer from a storyteller. We will write a custom essay sample on Literature as a Looking Glass or any similar topic only for you Order Now    For many, Stephen King is such an author.   Some may say even more so because of the use of his genre of the fantastical, the horrific and the gruesome. Exploring the darker parts of our psyches, and our everyday lives, he manages to lead us along the path to contemplate difficult social questions. Always leaving them open for us to determine the answers for ourselves. In a comparison of his two works, The Long Green Mile and Hearts of Atlantis, we can explore his use of the fantastical as an opportunity to raise thought provoking social questions.   Although both books, also interestingly both written as a series, are very different in nature, they share the common theme of finding the extraordinary in ordinary life.   Each book finds the hero that seems to hide in everyday circumstances while at the same time forcing us to look at several of the factors that shape our lives, for the good or the bad. As mentioned by Jonathan Davis in his work, Stephen King’s America, â€Å"While some of his stories focus more on one area than others, a close reading of his works will often show that King seldom fails to include a wide view of American society.† (Davis) The Long Green Mile is a prime example of King’s use of storytelling as social commentary.   In the book the main characters are themselves symbols of the society in which we live.   John Coffey, and innocent man sent to death row for a crime he didn’t commit. Is it because he is simple, or because he is black? As Sharon Russell states in her critical review, Revisiting Stephen King , â€Å"While Coffey dominates the action, he remains an enigma, a symbol of a good beyond understanding.† (Russell) And his mysterious gift to heal is starkly contrasted with William Wharton’s ability to destroy.   Just as Coffey is the symbol for good, so is Wharton the symbol for evil. Moreover, the underlying theme that resonates throughout the book is just that; the nature of good and evil. And Stephen King shows us how that battle rages in many arenas of our lives. One obvious question is that of racism. Was Coffey found guilty because he was black? Another character in the story, a white business man, was released from a murder he obviously committed. There was nothing to point to Coffey but the fact that he was found with the girls. Was racism a factor? Also, the question of the death penalty raises its head several times. Delacroix, a horrible man, suffered death in the electric chair. However, the brine filled sponge that was supposed to make the electrocution quick and painless was omitted purposefully by one of the jailers. This resulted in a horrific and torturous death by Delacroix.   Was his suffering justifiable? Delving a little more deeply we probe the seemingly senseless death of Janice who had just escaped death by the miraculous hands of Coffey.   After all the trouble and the wondrous miracle that saved her life, to die in a bus accident leaves lingering questions of human justice versus divine justice. Similarly, in Hearts of Atlantis   King dances the fine line between fantasy and reality, although in a different way.   Although some of the characters are recurring, we are able to see them forming the opinions and beliefs that will be the basis of their actions in the future. Also, again King explores the realm and power of childhood.   In The Long Green Mile Coffey is used and explored as childlike and also, interestingly, he is the one that has the mystical and unquestioned healing power.   In Hearts of Atlantis   we see the children as they are and watch their struggle with reality and fantasy defines them. Those transitional moments are very apparent in the first story of Bobby and Carol.   Bobby was an everyday hero, Stephen King style. The ordinary fabric of society, hiding hero’s in every thread.   However, King goes one step further by reintroducing the few key characters throughout a string of seemingly unrelated stories.   By doing this he shows us the connectivity of individuals. How the actions we make today have huge impacts on others and shape their lives. Bobby’s bravery inspired Carol’s courage to stand up for what she believed later in life. By looking closely at the lives of the characters we could see how the past could have drastic effects on the future. Although with the case of Carol it empowers her, it is not the same for everyone. This is illustrated in the story, â€Å"Blind Willie†.   Bill relives each day trying to resolve the regret for his past actions. We see the old baseball glove of Bobby’s that Blind Willie uses to collect the money he earns as a broken Vietnam veteran while his wife and family believe him to be a successful business man busy at the office.   Willie tries to find answers by living a double life. Moreover, King uses the opportunity to stir up a social commentary on the effects the Vietnam War had on people specifically and then society as a whole.   He uses the series of stories to look at different aspects of reaction. From the earliest stages, when war is just playing in the background, as in the case with Bobby in â€Å"Low Men in Yellow Coats† and then also with young adults drifting in and out of adulthood and drafting such as was portrayed in â€Å"Hearts in Atlantis†. Although it seems to be a simple peek into the issues that concern college aged kids trying to leap into adulthood, the story sells its moral in the end, as stated by Russell, â€Å"The story ends with an incident long after the main events—a reunion between Pete and one of his college friends. No matter what happened, they both agree that they tried during that period. They were not the big heroes, but they did something—just as Bobby saved Carol but failed with Ted. King suggests that any positive action is important even if it is not truly heroic.† (Russell) Davis, Johnathan. Stephen king’s America. Bowling Green: Bowling Green State University, 1994. Russell, Sharon. Revisiting Stephen King. Wesport, CT: Greenwood Press, 2002. Davis, Johnathan. Stephen king’s America. Bowling Green: Bowling Green State University, 1994. Russell, Sharon. Revisiting Stephen King. Wesport, CT: Greenwood Press, 2002. In this way, everyone has the opportunity to be a type of hero, no matter how small the action, the effects can be long lasting. While an extensive look at any author’s works reveals a repeating and recurring theme or message that appears to be central in their writing, it is Stephen King’s use of his particular genre that continually draws in his readers again and again.   The parallel of the darker side of humanity with the fantastical opens windows to explore and question the reasons we think, act and believe as we do.   Perhaps it is just that use of the darker and less explored side of humanity that holds such a fascination. Russell   comments,   â€Å"The ongoing battle in King’s fantastic universe to follow the beam and keep the world from falling apart is mirrored by later actions in the real world.†   So, in addition to his use of the genre to explore our social fabric,   his consistent use of our interconnectedness and how the past affects the present are major recurring themes.   By playing on our fears and opening up our minds to the impossible, we are able to look openly at issues that affect our lives without judgment, and perhaps emerge a better person. How to cite Literature as a Looking Glass, Essay examples

Church in my life. free essay sample

It took me about seventeen years to realize how important church was to me. Each and Every day life changing events happens to us, and other people around the world. Those events can be as plain as waking up in the morning and finding a hundred dollar bill on the table, as shocking as the death of a family member or a friend, or as puzzling as an African American at the head of the United States of America’s government. Something incredible happened in my life that reintroduced me to and made me realize the importance of church. I was born in a family with a very religious mother, so I was initiated with the Christian doctrine at a very early age. As a young boy, going to church was never something I looked forward to unlike going to a fair or the circus; I only went because everybody else did; I really wanted to assure a spots in heaven, and my mother forced me. We will write a custom essay sample on Church in my life. or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page In 2004, the year I moved to Georgia, I was introduced by a friend to a church called life church international; I wasn’t very interested, but since on Wednesday the youth service offered food and beverages with no charge; I was vigorous to go. The church became a place where â€Å"the neighborhood kids†, that’s what we were called, and the regular attendee assembled up to eat and play basketball before the service and when time for the actual â€Å"church† part of it to start, most of us left and the ones who stayed used that time to socialize with each other instead of listening and learning. One Wednesday, I can’t specifically remember the exact date, after being confronted by the pastor about my bad regular routine of parting right before the service commenced, I was determine to stay. So after shooting some hoops I went in the church. Before the service begun they played some dull game that didn’t make sense, at least not to me, then the youth pastor played a song requesting everyone to find a spot in the room and ponder. After the meditation, he sermonized for a while; encouraging anyone who desired to accept Jesus as their lord and savior to go to one of the youth leaders on the stage and get prayed for. Let me just tell you this, I wasn’t going to, what an embarrassment it would have been if my friends saw me actually listening to all this church stuff; so I patiently waited in my seat for someone else to go. The whole time a voice within was daring me to go up and get prayed for; I couldn’t resist so I audaciously went up to the stage t o see what it was all about. As I reached the stage, I could have sworn my heart skipped a beat; it was as if I entered a whole new world. Jonathan, The pastor, laid his hand on me and asked me if I was ready to accept Jesus as my lord and savior, I slowly answered â€Å"yes† but with a lot of doubt, he repeated the question, and my answer was the same; he prayed over me, kindly asking me to repeat his words. After the prayer, I sat down on my seat and quietly listen to the song. As the song went along, something hit me real hard; I was feeling bizarre. Thoughts came upon my head; I was remind of all the misfortunes and awful events that have happened in my life, and how the lord still cared, and was kind enough to wake me up every morning. Maybe I was meant to go up on the stage and get prayed for I thought. Unexpectedly, uncontrollable tears began falling out my eyes; I got on my knees and prayed. It was probably the most honest praying I ever did in my entire life; the pastor came back and put his han d over me to comfort me; I felt fully alive and free. I then realized that this precious life we possess is nothing without God. The reason I said that this event was life changing is because after that night I was not the same. After that night I felt liberated from all the wrong I had done which were holding me back trough all those years. I wasn’t a shame of saying â€Å"yes† when people asked me if I was a Christian or if I attended church every Wednesday. I felt free to be who I wanted to be not who others expected me to be. It did not only help me to live life as a Christian but to live life as a fresh and improved being.