Contextulaising the play blood wedding Essay

Contextualizing the play: The social, social and chronicled setting of the play will be examined in some detail and the general significance of each as a factor in the composition, delivering and translation of the play will be thought of. Setting is the conditions and conditions which encompass the play. We can tell that the social, chronicled and social setting all influenced Lorca and this stressed certain parts of â€Å"Blood Wedding†. The play has numerous references to social, social and recorded occasions and subjects. Frederico Garcia Lorca was conceived in a rustic foundation and this could have influenced the play. Lorca was conceived in Granada, Spain. Granada is situated close to Andalucia, where it is attempted to be set. We can tell this, as Lorca makes numerous references to scenes which are available in Andalucia, for example, the vineyards. These vineyards are in â€Å"Blood Wedding† just as vineyards being available in Andalucia. At college, Lorca met an acclaimed craftsman named Salvador Dali, which could have affected a portion of the pieces of â€Å"Blood Wedding†, for example, the dreamlike scenes with the woodcutters and the moon. Additionally this could have affected the utilization of the reminiscent juxtaposition of pictures. Around the hour of the composing â€Å"Blood Wedding†, the rising craftsmen Picasso and cubist specialists could have affected â€Å"Blood Wedding†. Picasso utilized imagery in their craft and this could have propelled Lorca to utilize representative language in the play. In Spain, Lorca was bound to specific rules because of the legislative issues. This implied Lorca couldn't communicate as much as he may have loved; and this could have influenced the manner in which Lorca needed to communicate. At that point the Spanish government changed and along these lines this permitted Lorca more opportunity to compose and make new writing, plays and craftsmanship. During this time, Lorca composed â€Å"Blood Wedding†. Lorca was impacted since early on by nearby expressions and once moved into another town, Lorca turned out to be increasingly intrigued by expressions. At college, Lorca became companions with Luis Bunuel a craftsman. Numerous specialists have discovered that Bunuel could have affected Lora’s fill in as Bunuel’s artworks turned into a significant enthusiasm of Lorca. This implies Lorca could have been affected by the utilization of hues in Bunuel’s canvases, and this could have made Lorca depict hues in detail in stage settings. This impacts the composition of the play, as the crowd will pay more enthusiasm for the clear hues and there significance. This additionally features Lorcas representative utilization of hues, for example, act one, scene one where the stage headings state ‘Room painted yellow’. This is emblematic as it could be interoperated that yellow speaks to splendor and the beginning of something new. At that point, Spain was a strict country and hence the solid Catholic perspectives, for example, exacting marriage controls (no separation or infidelity); this could have been believed to reflect in â€Å"Blood Wedding† as the undertaking with Leonardo was viewed as disgraceful on the lady. Soon after â€Å"Blood Wedding† was composed, the Spanish common war happened. Ladies were viewed as ‘marriage tools’ to pick up resources during this time, and despite the fact that this happened after the play was composed, we can tell that Lorca had seen this happening and it reflected in his play. For example, there were for the most part ladies in the play; this could mirror the significance of ladies at that point. It can likewise be found in Act one, where the mother and father talk about the trading of land when the couple are hitched. This shows Spain had solid marriage manages as it shows a rush between the guardians of what their kid brings to the table. It was extraordinary to not talk about what might be traded when two individuals got hitched, and Lorca communicated this in his play. Likewise in Spain at that point, individuals were starting to revolt and in 1936 General Franco, turned into another despot. This could be viewed as being reflected in the play as the lady of the hour was relied upon to wed without wanting to, as her dad had picked her significant other for her. Lorca accepted that society was significant, and he accepted that society was the motivation behind why individuals don't do as they wish yet do as they should, and this could be reflected in how the lady of the hour doesn’t need to wed however is constrained. The lady is relied upon to wed somebody who has great monetary possibilities, instead of somebody who she really adores. From examination into Spanish conventions it was accepted that ladies would wed somebody for their finical possibilities or land possession. Lorca was conceived in a town which was in the open country, and this could be believed to be reflected in â€Å"Blood Wedding† as there are numerous references to the open country. In Spain, there was a major accentuation on blossoms, and this could be believed to be reflected into â€Å"Blood Wedding† as there are numerous references to blossoms in the play and stage bearings, for example, act one, scene two where ‘common flowers’ are introduced. Likewise, in â€Å"Blood Wedding† Lorca has just given one character a real name, this character is Leonardo. This could propose that Lorca considers this to be as significant or that different characters that have no particular name, is speaking to all the female figures in Spain or the world. While Leonardo speaks to the fire and the enthusiasm that a man may have.

Dates in June for Science, Trademarks and Inventors

Dates in June for Science, Trademarks and Inventors In the realm of science, there are dates in June that are champions for innovation, licenses, trademarks and an assortment of accomplishments. Additionally deserving of notice are the birthday events of the people who made these advancements conceivable. For instance, in 1895, the gas fueled car was licensed in June. Additionally in June, a couple of years sooner (1887), the Coca-Cola bottle name was trademarked. A well known birthday, some time in the past, on June 7, 1502, was Pope Gregory XIII, who concocted the Gregorian schedule in 1582, which is a similar schedule being used today. Huge Happenings in June in the World of Science and Invention The accompanying table frameworks the dates of noteworthy logical occasions and designer birthday events: Date Occasion Birthday June 1 1869Thomas Edison got a patent for an electrographic vote recorder 1826Carl Bechstein, German piano maker, who created enhancements to pianos1866Charles Davenport, American scientist who spearheaded new principles of taxonomy1907Frank Whittle, English flight innovator of a stream engine1917William Standish Knowles, American scientific expert who created pharmaceutical mixes (Nobel Prize, 2001)1957Jeff Hawkins, American who designed the Palm Pilot and Treo June 2 19062,ure a Grand Old Flag by George M. Cohan was trademark registered1857James Gibbs licensed the primary chain-join single-string sewing machine 1758Cornelis Rudolphus Theodorus Krayenhoff, Dutch physicist, water powered designer, cartographer and fortification modeler June 3 1969New York Rangers was trademark registered1934Dr. Frederick Banting, the coinventor of insulin, was knighted 1761Henry Shrapnel, English creator of shrapnel1904Charles Richard Drew, pioneer of blood plasma research1947John Dykstra, pioneer in the improvement of PCs in filmmaking for enhancements June 4 1963Patent No. 3,091,888 was conceded to 6-year-old Robert Patch for a toy truck 1801James Pennethorne, modeler who structured Kennington Park and Victoria Park in London1877Heinrich Wieland, German scientific expert, who looked into bile acids; made the main blend of Adamsite; and separated the poison alpha-amanitin, the chief dynamic operator of one of the universes most noxious mushrooms (Nobel Prize, 1927)1910Christopher Cockerell created the Hovercraft June 5 1984Safety top for a medication bottle protected by Ronald Kay 1718Thomas Chippendale, English furniture maker1760Johan Gadolin, Finnish scientific expert who found yttrium1819John Couch Adams, English space expert who codiscovered Neptune1862Allvar Gullstrand, Swedish ophthalmologist, who inquired about the refractive properties of the eye to center pictures (astigmatism), and concocted an improved ophthalmoscope and restorative focal points for use after expulsion of a waterfall (Nobel Prize, 1911)1907Rudolf Peierls, physicist with a significant job in Britains atomic program, who coauthored the Frisch-Peierls reminder, the primary paper on developing a nuclear bomb from a limited quantity of fissionable uranium-2351915Lancelot Ware established Mensa1944Whitfield Diffie, American cryptographer, was a pioneer of open key cryptography June 6 1887J.S. Pembertons Coca-Cola name was trademark enlisted 1436Johannes Muller, space expert who imagined cosmic tables1850Karl Ferdinand Braun, German researcher who concocted the primary oscilloscope, known as the Braun tube, and designed a type of remote telecommunication (Nobel Prize, 1909)1875Walter Percy Chrysler, vehicle maker who established Chrysler Corporation in 19251886Paul Dudley White, heart master who was the dad of preventive cardiology1933Heinrich Rohrer, Swiss physicist who co-created the filtering burrowing magnifying instrument in 1981, giving the main pictures of individual molecules on the surfaces of materials (Nobel Prize, 1986) June 7 1946Eensie Weensie Spider by Yola De Meglio was copyright registered1953The first shading system broadcast in good shading was communicated from a station in Boston 1502Pope Gregory XIII imagined the Gregorian schedule in 15821811James Young Simpson, Scottish obstetrician who found the sedative properties of chloroform, and effectively brought chloroform into general clinical use1843Susan Elizabeth Blow, American instructor who concocted kindergarten1886Henri Coanda, Romanian designer and avionics researcher who planned early stream engines1896Robert Mulliken, American scientific expert and physicist, who was behind the early advancement of sub-atomic orbital hypothesis (Nobel Prize, 1966)1925Camille Flammarion, French space expert and author, was the first to propose the names Triton and Amalthea for the moons of Neptune and Jupiter and distributed the magazine LAstronomie June 8 1869Ives McGaffey protected a floor covering clearing machine, the principal patent for a gadget that cleaned mats 1625Giovanni Cassini, French cosmologist who found the moons of Saturn1724 John Smeaton, British architect who concocted the pneumatic machine for plunging gear1916Francis Crick, British atomic researcher, physicist and neuroscientist, who co-found DNA structure and had a vital job in explore identified with uncovering the hereditary code, and who likewise endeavored to propel the logical investigation of human cognizance with hypothetical neurobiology (Nobel Prize, 1962)1955Tim Berners-Lee, PC pioneer who lead the advancement of the World Wide Web, HTML (used to make site pages), HTTP (HyperText Transfer Protocol) and URLs (Universal Resource Locators) June 9 1953Patent No. 2,641,545 was allowed to John Kraft for the assembling of delicate surface restored cheddar 1781George Stephenson, English innovator of the primary steam train motor for railroads1812Hermann von Fehling, German scientific expert who concocted Fehlings arrangement utilized for estimation of sugar1812Johann G. Galle, German space expert who found Neptune1875Henry Dale, British physiologist who distinguished acetylcholine as a potential synapse (Nobel Prize, 1936)1892Helena Rubinstein, imagined various makeup and established the Helena Rubinstein Company1900Fred Waring, American creator of the Waring Blender1915Les Paul, American innovator who developed the Les Paul electric guitar, sound-on-sound, the eight-track recorder, overdubbing, the electronic reverb impact and multitrack copying. June 10 1952The polyester film Mylar was trademark registered1902A patent for the window envelope for letters was conceded to H.F. Callahan 1706John Dollond, English optician and creator who was allowed the principal patent for a colorless lens1832Nicolaus Otto, German car architect who imagined a compelling gas engine motor and the main reasonable four-stroke interior burning motor, called the Otto Cycle Engine1908Ernst Chain, German scientist and bacteriologist who concocted an assembling procedure for Penicillin G Procaine and made it accessible as drug (Nobel Prize, 1945)1913Wilbur Cohen was the primary recruited worker of the Social Security System June 11 1895Charles Duryea licensed a fuel controlled vehicle 1842Carl von Linde, German specialist and physicist who composed the Linde-process1867Charles Fabry, researcher who found the ozone layer in the upper atmosphere1886David Steinman, American architect and scaffold creator who constructed the Hudson and Triborough bridges1910Jacques-Yves Cousteau, French maritime wayfarer who designed jumping gear June 12 1928The splendidly shaded, sugarcoated, licorice candy, Good and Plenty was trademark enrolled 1843David Gill, Scottish space expert known for examine on estimating galactic separations, astrophotography, and geodesy1851Oliver Joseph Lodge, English radio pioneer who created flash fittings June 13 1944Patent No. 2,351,004 was allowed to Marvin Camras for the attractive recording device 1773Thomas Young, British philologist and doctor who built up the wave hypothesis of light1831James Clerk Maxwell, Scottish physicist who found the electromagnetic field1854Charles Algernon Parsons, British innovator of the steam turbine1938Peter Michael, English electronic producer and author of Quantel, who imagined equipment and programming bundles for video creation, including UEI and Paintbox June 14 1927George Washington Carver got a patent for a procedure of creating paints and stains 1736Charles-Augustin de Coulomb, French physicist who composed Coulombs Law and designed the torsion balance1868Karl Landsteiner, Austrian immunologist and pathologist who created the advanced arrangement of order of blood gatherings (Nobel Prize, 1930)1912E. Cuyler Hammond, researcher who was the first to demonstrate that smoking causes lung cancer1925David Bache, English vehicle planner who created the Land Rover and Series II Land Rover1949Bob Frankston, software engineer and creator of VisiCalc June 15 1844Charles Goodyear was conceded patent No. 3,633 for vulcanized elastic 1932Einar Enevoldson, American aircraft tester for NASA June 16 1980The Supreme Court pronounced in Diamond v. Chakrabarty that living beings are results of human creativity are patentable 1896Jean Peugeot, French vehicle maker who created Peugeot automobiles1899Nelson Doubleday, American distributer who was the organizer of Doubleday Books1902Barbara McClintock, American cytogeneticist, who lead in the advancement of maize cytogenetics (Nobel Prize 1983)1902George Gaylord Simpson, American scientist and master on wiped out well evolved creatures and their intercontinental migrations1910Richard Maling Barrer, physicist and the establishing father of zeolite science June 17 1980Ataris Asteroids and Lunar Lander are the initial two computer games to be copyright enlisted 1832William Crookes, English scientific expert and physicist who concocted the Crookes tube and found thallium1867John Robert Gregg, Irish creator of shorthand1870George Cormack, innovator of Wheaties cereal1907Charles Eames, American furnishings and modern designer1943Burt Rutan, Am

ISEF, BAMF, and other west coast adventures

ISEF, BAMF, and other west coast adventures Im blogging from above approximately Michigan en route from Boston to San Francisco. Ill be spending two weeks on the left coast for a mix of professional and personal travel. I typically blog about these kinds of trips retrospectively but figured Id lead on the front end for this trip to a) explain why I might be uncharacteristically quiet on the blogs for the rest of the month, b) alert Californians to some interesting opportunities and events, and c) illustrate the bicoastal life that I (and a lot of other MIT people) increasingly live on different ends of the Boston - Bay Area wormhole. So, heres a quick overview of what my next two weeks (probably) will look like: May 13-14: Bae-Area Bloggers Ill arrive this afternoon, try to grab a quick coffee with CMS/Civic classmate Rodrigo, who now runs product at Neighborly, before heading over to a celebration dinner for Jess K. 10 graduating from med school. Tomorrow, Ill drive down to South Bay and conduct reconnaissance work out at Stanford; Im there often enough that I keep spare Cardinal gym passes in my wallet (as Allan K. 17 once put it, Stanford is never far from MIT). Grab some brunch with a friend in Palo Alto and then stop by the Stupid Shit No One Needs And Terrible Ideas Hackathon to hang out with Rachel F. 12 and Danny B.D. 15 before flying to LAX that night. May 15-19: ISEF @ LA This coming week Ill be tabling at ISEF, the worlds largest and most prestigious science and engineering research competition for high school students (you can read my trip reports for ISEF in 2015 and 2016). ISEF is a great competition that sends many alumni to MIT and is broadly aligned with the international strategy recently announced by MIT. Ill be holding down booth 307 in the ISEF Commons with Laurie Stach and her team from MIT Launch, as well as giving symposia talks on the application process for researchers and international students. Anna H. 14, blogger alumna (and now PhD student at Dread Caltech), will probably be helping me out at the table, along with some of our LA ECs. If you are at ISEF, come say hi; if youre in the area, definitely stop by the competition on Thursday, which is Public Day and when the finalists are at their projects to talk about with the lay public. Its a great opportunity to see some of the most promising future scientists and engineers ahead of time, like seeing a future Hall of Famer play at your local minor league affiliate. ISEF will take up lots of my time, so I wont get to do much else in LA, but Im definitely going to try to see some of my old CMS friends who are PhD students at USC and eat crazy-good LA food. May 20-21: BAMF Next weekend Ill return to the Bay for the annual Maker Faire Bay Area to give a talk about our Maker Portfolio. Longtime readers will remember that I typically visit the big Faires in Bay Area and New York to give versions of this talk. Its also a good time to catch up with my MakerEd colleagues from the Open Portfolio Project, which is coordinated by Stephanie Chang 05. Plus watch giant robots fight (which still needs volunteers, btw!). This weekend will also hopefully feature a blogger reunion BBQ; rest assured I will post it if that happens. May 22-26: Civics in the Sun Next week, Ill head down to San Diego. My plan is to take Monday and Tuesday as hard vacation: no work or email, just surfing and reading. Starting Wednesday Ill be attending Partnership for Progress on the Digital Divide (PPDD), a conference organized in conjunction with the International Communications Association (ICA), which is the big annual conference in the field. Im going to present on research Ive been conducting at Civic on Internet filtering in public schools and libraries as part of an broader project on contemporary censorship in public institutions. Ive been continuing this kind of research since I finished grad school as a way to stay current and involved with academic research and policy interventions I care about while working a job in admissions I love. Then, if all goes well, Ill get back in Boston on Saturday morning, just in time to catch the final two days of Boston Calling, with Memorial Day as a Day-Of-Reckoning-With-My-Laundry before returning to regularly scheduled admissions office work on Tuesday. Thats the plan, anyway! Please feel free to come by and say hi at ISEF or Maker Faire, and Ill post a trip report with pictures (and restaurants) when I return. Post Tagged #Intel ISEF (International Science and Engineering Fair) #Intel ISEF (International Science and Engineering Fair) #Maker Faire #Maker Portfolio

Global Financial Crisis 2008 Finance Essay - Free Essay Example

Sample details Pages: 7 Words: 2032 Downloads: 6 Date added: 2017/06/26 Category Finance Essay Type Analytical essay Did you like this example? Financial Crisis is a situation in which the value of financial institutions or assets drops rapidly. A financial crisis is often associated with a panic or a run on the banks, in which investors sell off assets or withdraw money from savings accounts with the expectation that the value of those assets will drop if they remain at a financial institution (Bhatia2011, p.12). .1.2 Importance of the issue Global Financial Crisis of 2007-2008 has been the worst since the Great Depression in the 1930s.The financial crisis has had a profound effect, much more than that anticipated by many. The national borders have been breached and the ramifications are still being felt far from the epicenter. Although the global economy is recovering, the confidence in the markets is still weak as market participants are looking for a direction which is by no means straight forward. Don’t waste time! Our writers will create an original "Global Financial Crisis 2008 Finance Essay" essay for you Create order The aim of this essay is to understand the financial crisis, its causes, impacts and lesson that could be learnt from this crisis. Financial crisis history In order to understand the causes of the crisis we need to understand the past events that molded the current crisis. They include the financial landscape existing before the crisis, working of the global financial system and the shadow banking system. Reinhart and Rogoff (2011) and Schularick and Taylor (2012) provide a consistent picture of the runÃÆ' ¢Ãƒ ¢Ã¢â‚¬Å¡Ã‚ ¬Ãƒâ€šÃ‚ up to a financial crisis: an acceleration of debt from both governments and financial intermediaries are the most important antecedents. According to Reinhart and Rogoff (2008). First, there was the Asian financial crisis of 199798, which saw Asian economies generate large current account surpluses that had to be invested offshore to keep their nominal exchange rates low. Capital flowed out of Asia into US dotcom stocks driving up equity prices. Next was the bursting of the dotcom bubble, which saw the booming NASDAQ over 1998-2000 burst in 2001. Fearing a downturn and possible deflation, the US Federal Reserve eased monetary policy in 2001 in a series of steps to 2004. Rising demands from China (and, to some extent, India), plus a booming world economy saw commodity prices rise across oil, minerals and food from late 2004 to late 2007(Warwick2009,p.4). Financial crisis 2008 3.1 Causes of financial crisis 3.1.1The bursting of the housing bubble Falling house prices has a major effect on household wealth, spending and defaults on loans held by financial institutions. Events in the United States typify a global phenomenon. From 2000 to 2006, house prices in some areas doubled to subsequently collapse. These changes in some areas have generated dramatic news headlines but, overall the United States index of house prices has fallen by 6.2 percent in real terms from the 1st quarter 2008 to the same quarter in 2009. While house prices were rising so strongly, credit was supplied liberally to meet the demand as perceptions of risk fell. The rising wealth boosted confidence and spending. The housing bubble was a global phenomenon centered mainly on the Anglo Saxon world (Warwick2009, p.6). 3.1.2 Rising equity risk premie The surprise upswing in commodity prices from 2003 but most noticeable during 2006 and 2007 led to concerns about inflation leading to the sharp reversal in monetary policy in the US. This tightening in US policy also implied a tightening of monetary policy in economies that pegged to the US dollar. It was the sharpness of this reversal as much as the fall in US house prices and the failures of financial regulation (for example, the mortgage underwriters Fannie Mae and Freddie Mac) that led to the financial problems for 2008/09. Lehman Brothers failure was primarily due to the large losses they sustained on the US subprime mortgage market. Lehmans held large positions in the subprime and other lower rated mortgage markets. But mortgage delinquencies rose after the US housing price bubble burst in 2006. In the second fiscal quarter 2008, Lehman reported losses of $2.8 billion. It was forced to sell off $6 billion in assets. 3.1.3A rise in household risk The reappraisal of risk by firms as a result of the crisis also applies to households. As households view the future as being more risky, so they discount their future earnings and that affects their savings and spending decisions. As with the previous shock, we model two scenarios: one permanent and the other temporary. The increase in household risk in the United States is assumed to be 3 percentage points in the permanent scenario and returning to zero by year three in the temporary scenario. 3.2 Effects 3.2.1 Stock market The financial shock has the largest negative impact on stock market values from baseline in 2009 and an equally large impact as the bursting of the housing bubble on investment. The equity risk shock causes a shift out of equities into other domestic assets, such as housing and government bonds as well as to asset purchases overseas. The shift into government bonds drives up their prices and pushes down real interest rates substantially. This surprisingly raises human wealth because expected future after tax income is discounted at a much lower real interest rate. Thus in the US, the equity shock alone is positive rather than negative for consumption in the short run. Investment on the other hand falls sharply. The equity shock reduces US investment by about 20 percent below baseline. The rise in equity risk implies a sharp selloff of shares due to a large rise in the required rate of return to capital. The higher equity risk premium implies that the existing capital stock is too high to generate the marginal product required from the financial arbitrage condition and investment falls and, over time, due to the existence of adjustment costs, the capital stock falls and potential output is permanently reduced. 3.2.2 Lowered real Gross Domestic Product of US Each of the shocks has a negative effect on the United States and, combined, has the effect of lowering real GDP by 7 percent below baseline in 2009 and real GDP does not return to baseline until 2017, nearly a decade later. That is sufficient to put the US into recession in 2009 (baseline growth is 3.4 percent) but will allow positive growth in 2010. 3.2.3 Fall in demand for manufactured goods A key compositional effect also occurs when household discount rates rise and risk premia generally rise. The effect is a much sharper fall in the demand for durable goods relative to other goods in the economy.. Imports and domestic production of durable goods falls by more than non durable goods. The high risk adjusted cost leads to a reduction in the flow of services from durables and therefore the demand for these goods drops sharply. This compositional effect is for the trade outcomes. Countries that export durable goods are particularly affected by a crisis. 3.2.4 Effects to other world economy. According to Harvey (2010), the recession in the United States has three main effects on the world economy. The negative knock on effect from the loss in activity with those economies most dependent on the United States market most affected. As prospects dim in the United States, so the returns on investment look better elsewhere. Money flows out of the United States (or strictly in the case of the US, less inflow than otherwise) and into other economies where it stimulates investment and economic activity. This is illustrated by the effect on China. The United States is a large importer from China. As US imports fall, Chinas exports fall with a combined effect from the three shocks of a drop in exports of 5 percent below baseline in 2009. The most affected sectors by the economic crisis are agriculture, mining, tourism, textiles and manufacturing in Africa. There have been many job loses which have direct negative effects on workers living standards for examples, South Africa: 36,500 jobs have been lost in the automobile industry. 3.2.5 Decrease of demand for consumer loan There was an overall decrease in demand for consumer loans, as measured by applications to both affected and unaffected savings banks. The effect is stronger for mortgages, as compared to consumer loans. If a borrower had a prior relationship with the savings bank, the effect is mitigated, that is, those customers are less likely to have their applications rejected compared to new customers. What Did We Learn from the Financial Crisis of 2008? According to Shibashish (2008), these are the lessons learnt from the 2008 financial crisis: (i) The importance of voluntary and involuntary disclosures on financial products, or the lack of both, (ii) the importance of regulators and how important it is for them to regulate and have an oversight of the macroeconomic indicators, (iii) existing risk management practices especially for the big banks and rating agencies, (iv) the most important of all, it is the exercise of rationality while making large investment decisions by the investors. From a policy-making perspective the crisis has been a wakeup call for the regulators who have until now ignored the Keynesian economic model that speaks about free market economy along with strong oversight. In fact the accounting regulation body such as the Financial Accounting Standards Board (FASB) have completely failed to keep up with the pace at which firms have evolved in the recent years. There are some legitimate concerns such as the fair value accounting of non-tradable assets, etc. However, the big picture is still that the market value of the banking firms far exceeds in their intangible assets value than their tangible assets and still the accounting regulations do not require these firms to disclose sufficiently on their intangible assets. This is the leading factor that creates a huge information asymmetry in the market where the investors have a limited knowledge about the instruments in which they are making large investments, and definitely before the crisis the scale was unprecedented. The scope information asymmetry is plenty in the banking sector that starts from processes, culture, human capital and the capacity for the bank to be innovative. These asymmetries are constructive asymmetry and can benefit the investors from the diversifica tion perspective. What is not recommended is that investors are deliberately kept in the dark because of lack of reporting standard about derivatives such as CDOs and CDSs, which can be lucrative investment vehicles and banks are able to sell these instruments in enormous quantities creating a shift in the systematic risk quotient of the market. Therefore, it is absolutely essential for the U.S. banks in order to remain globally competitive regulators have to fix the shortcomings of the financial reporting standards and market oversight policies. This should motivate banks to formulate their risk management and disclosure strategies rather carefully. With more information and understanding about seemingly complicated derivative products perhaps investors will also make better choices and informed decisions. Conclusion This paper has explored the impact of major shocks representing the global financial crisis on the global economy. For the crisis itself shocks are needed to capture the observed drop in asset prices and reduction in demand and trade. It is necessary to simulate the bursting of the housing bubble centered in the United States and Europe, but extending elsewhere, rising perceptions of risk by business as reflected in the equity risk premium over bonds and rising perceptions of risk by households. The regulatory bodies identified lack of transparency in the financial system as the basic problem that hindered effective oversight of the institutions (McKibbin and Stoeckel 2009b). The complex structure of the securitized products did not allow purchasers of MBS to correctly evaluate the quality of underlying assets and to understand the risks involved There is no doubt that more coordination in regulatory policies would be required at the global level. Special care would have to be given to the capital and liquidity requirements for financial institutions. The global nature of the financial system makes this coordination imperative. The enhanced capital and liquidity requirements will be phased in along the next 5 years. Simply put, this should make the banks safer by providing a greater cushion to survive the mistakes and accidents from which they suffer. Generally, the regulatory proposals have been aimed at reducing the impact of the current crisis and preventing recurrences. The proposals have targeted a host of issues, including executive pay, financial cushions, consumer protection, the regulation of derivatives and the soÃÆ' ¢Ãƒ ¢Ã¢â‚¬Å¡Ã‚ ¬Ãƒâ€šÃ‚ called shadow banking system, and the power of the Federal Reserve to windÃÆ' ¢Ãƒ ¢Ã¢â‚¬Å¡Ã‚ ¬Ãƒâ€šÃ‚ down systemically significant financial institutions

Living On The Streets Or Begging For Food - 983 Words

After the economic downturn from 2007-2009, homelessness has grown dramatically. Without having a job, people cannot support their families or even themselves. The only other option for some jobless people is living on the streets or begging for food. People classify homeless people as scary or losers, but in reality, they are people looking for a life like everyone else. Homeless people do not have anywhere to go, so why should there be laws against living on the streets or begging for food? Every human in the United States has rights, but during this time and age, our human rights are being abused. In Birmingham, Alaska, a police officer stopped a minister after serving the homeless food from his meal truck. According to an article by ABC, â€Å"Minister Rick Wood said the police forced him to leave the area because he did not have a permit from the health department† (qtd. in Fisher). This incident is not the only one that has happened. The act of giving or sharing food with the homeless is banned and against the law. â€Å"And as Minister Wood learned, police are standing by ready to enforce these laws, since apparently they have nothing better to do than take food away from the homeless† (Fisher).This is absolutely wrong. A generous man willing to share his extra food with someone who is starving and may be starving for awhile, should not be illegal. If the homeless people are not begging violently for the food they need, then I do not see one problem w ith sharing food that willShow MoreRelatedAnalysis Of On Dumpster Diving And The Dignity Of Begging 850 Words   |  4 Pagesplaying a role. Going down the streets of downtown Charleston, you may see beggars along the side of the road with a cardboard sign asking for money or anything. Knowing nothing of their background, people instantly may assume they are homeless. 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Practice Midterm Exam (Statistics) Free Essays

AMS572. 01 Practice Midterm Exam Fall, 2007 Instructions: This is a close book exam. Anyone who cheats in the exam shall receive a grade of F. We will write a custom essay sample on Practice Midterm Exam (Statistics) or any similar topic only for you Order Now Please provide complete solutions for full credit. Good luck! 1 (for all students in class). In a study of hypnotic suggestion, 5 male volunteers participated in a two-phase experimental session. In the first phase, respiration was measured while the subject was awake and at rest. In the second phase, the subject was told to imagine that he was performing muscular work, and respiration was measured again. Hypnosis was induced between the first and second phases; thus, the suggestion to imagine muscular work was â€Å"hypnotic suggestion† for these subjects. The accompanying table shows the measurements of total ventilation (liters of air per minute per square meter of body area) for all 5 subjects. Experimental Group | |Subject |Rest |Work | |1 |6 |6 | |2 |7 |9 | |3 |8 |9 | |4 |7 |10 | |5 |6 |7 | (1) Use suitable test to investigate whether there is any difference between the two experimental phases in terms of total ventilation. Please state the assumption(s) of the test and report the p-value. At the significance level of 0. 05, what is your conclusion? (2) Please write up the entire SAS program necessary to answer questions raised in (a). Please include the data step as well as tests for testing for various assumptions. Solution: (1) Assume that the difference [pic]is normal. [pic] and [pic] The hypotheses are [pic] v. s [pic]. The test statistic is [pic] Since [pic] and [pic], we can not reject [pic] at [pic]. [pic] (2) The SAS code is as follows: data hypnosis; input subject rest work @@; iff=work-rest; datalines; 1 6 6 2 7 9 3 8 9 4 7 10 5 6 7 ; run; proc univariate data=hypnosis normal; var diff; run; 2 (for all students in class). John Pauzke, president of Cereals Unlimited, Inc. , wants to be very certain that the mean weight ? of packages satisfies the package label weight of 16 ounces. The packages are filled by a machine that is set to fill each package to a specified weight. However, the machine has random variability measured by ? 2. John would like to have strong evidence that the mean package weight is above 16 ounces. George Williams, quality control manager, advises him to examine a random sample of 25 packages of cereal. From his past experience, George knew that the weight of the cereal packages follows a normal distribution with standard deviation 0. 4 ounce. At the significance level ? =. 05, (1) What is the decision rule (rejection region) in terms of the sample mean [pic]? Please derive the general formula using the concept of Type I error rate. (2) What is the power of the test when ? =16. 2 ounces? Please derive the general formula for power calculation first. 3) What is the sample size necessary to ensure a power of 80% when ? =16. 2 ounces? Please derive the general formula for sample size calculation based on the Type I and II error rates first. Solution: (1) [pic] [pic]. [pic]. [pic]. [pic] Hence, the rejection region is [pic]. (2) [pic] [pic] (3) [pic] [pic][pic]. [pic] Hence, about 25 packages of cereal should be sampled to achieve a power of 80% when (=16. 2 ounces. 3a (for all exc ept AMS PhD students). Inference on one population mean when the population is normal, and the population variance is known. Let [pic], be a random sample from the given normal population. Please prove that 1) [pic]. 2) [pic]. Solution: (1) [pic] Thus, [pic] (2) [pic] Thus, [pic] 3b (for AMS PhD students ONLY). For a random sample from any population for which the mean and variance exist. Please prove that 1) The sample mean and sample variance are unbiased estimators of the population mean and variance respectively. 2) When the population is normal, we have learned that the sample mean and the sample variance, are indeed, independent. Please prove this for n = 2. That is, for a random sample of size 2 only. Solution: (1) [pic] [pic] (2) When n=2, [pic], [pic] If we can show that [pic] and [pic] are independent, then [pic]and [pic]are independent. This can be done easily using the mgf technique: [pic] 4 (extra credit for all). An expert witness in a paternity suit testifies that the length (in days) of pregnancy (that is, the time from impregnation to the delivery of the child) is approximately normally distributed with parameter [pic] and [pic]. The defendant in the suit is able to prove that he was out of the country during a period that began 290 days before the birth of the child and ended 240 days before the birth. If the defendant was, in fact, the father of the child, what is the probability that the mother could have had the very long or very short pregnancy indicated by the testimony? Solution:let [pic]~[pic] and [pic]~[pic] [pic](the woman had a very long or very short pregnancy) [pic] [pic] Happy Halloween! How to cite Practice Midterm Exam (Statistics), Papers

The Components of Environmental Sustainability

Introduction The environment surrounds people; environment is defined as natural and artificial surroundings. The surroundings affects and are affected by human activities.Advertising We will write a custom essay sample on The Components of Environmental Sustainability specifically for you for only $16.05 $11/page Learn More Taking people as the central point, any other thing that surrounds human kind is environment. People directly or indirectly depend on natural surroundings for their live hood. It is through exploitation of these resources that men get food, industrialisation raw materials, and medicine among others. In the efforts to satisfy human satiable needs, natural environment has been destroyed or damaged and in return, it affects the human life. To reduce poverty, attain equality in resource distribution, and feed current generation without limiting future generation capability of feeding its population, a healthy planet is required. Other th an economic effects of environmental damage, there are psychological and emotional effects of world’s gradual environmental damage (Sutton, 2007). This paper looks into various components of environmental sustainability. Environmental sustainability Millennium Goals recognised environmental sustainability as one of the major global social and economic responsibility of different states, firms and individuals. It encompasses actions taken to ensure that limited natural resources are utilized in an appropriate and effective manner that current generation will meet its needs effectively without limiting the capability of future generation in meeting theirs. Resources are not equally distributed, however they are enough for the entire world population only if they are well managed and organised. Despite this recognition of the need to protect the environment, forests, land, water, and fisheries are often over-exploited by few individuals who have influence and acts for self-inter ests. On page 6, Sutton, is of the opinion that there is a great connection between environmental damage, industrialisation and urbanisation; he observes that human beings have altered the natural environment and resulted to living in unclean, polluted environment, on its hand, the environment have limited the benefits that human beings could have derived from it.Advertising Looking for essay on environmental studies? Let's see if we can help you! Get your first paper with 15% OFF Learn More Factors that limit the attainment of environmental sustainability goal The world is fast industrializing and urban centres are growing. Industrial processes and urban population emit pollutants to the environment decreasing environmental sanity. When wastes are not disposed correctly, they have negative effect on the environment. Industries produce green houses to the atmosphere, have solid wastes on the earth service and utilize raw materials from the environment for their product ion. When this is the case, then the environment is damaged. With increasing world population, and the need to meet its current needs, the world is over exploiting the available natural resources to a point that some have become exhausted. The exhaustion means that future generation will not be able to meet its needs from such resources. Some people are ignorant of the need to manage and conserve the environment. They misuse the available resources and do not see it their role to protect the environment. Selfishness both for individuals and firms have resulted to damage and over exploitation of natural resources as people aim at meeting their own needs. The need to meet generational needs have resulted to a relaxation of some national and international rules where governments are not actively enforcing them (Sutton, 2007). Initiatives to attain the goal of environmental sustainability Scientific innovations, inventions and development have resulted to better means of doing things, a imed at ensuring there is minimal pollution to the environment. The globe is becoming a world village with improvement in transport and communication networks. Transport industry have been know as one of the industry that utilizes some of the worlds limited and exhaustible resources, fuel, then emits gasses that pollute the environment. There have been collaborations among different countries calling for product improvement to such industries. Focus has also shifted to internal productions in a company where automation and recycling strategies have been embraced. To target different sectors and pollution, the international community is on the forefront to device mechanisms that will assist human beings to be sensitive to environmental damages. Such initiative was the Kyoto protocol on carbon emission. Civil society, government and international bodies are targeting a transformation of human attitude and perception towards the environment to ensure that people appreciate the need to conserve the environment for their own good and the good of future generation. The enlightenment from the massive campaigns is yielding fruits as people are becoming more sensitive of how they are using the available resources. One area that the public is impacting on is on attitude they hold for those companies that do not have eco-friendly processes and products. A tendency is emerging that consumer’s power is forcing companies that are less concerned with the environment to revive their processes and products. Many companies have embraced corporate social responsibilities, which are targeting environmental conservation. These programs include tree planting, recycling and environmental education programs (Sutton, 2007).Advertising We will write a custom essay sample on The Components of Environmental Sustainability specifically for you for only $16.05 $11/page Learn More Conclusion Humankind rely on natural environment directly or indirectly fo r their live-hood; to ensure that current generation meets its needs without limiting the degree at which future generation will meet theirs, effective conservation of the environment is necessary. Governments, international bodies, companies and individuals should join efforts to ensure minimal damage to the environment. Reference Sutton, P. (2007). The environment: a sociological introduction. Cambridge: Polity Press. 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