Global finacial crisis Research Paper Example | Topics and Well Written Essays - 2500 words

Global finacial crisis - Research Paper Example Liquidity rate is the process of transforming solid assets into actual money. It is an indication of insufficient flow of finances. This work focuses on the global financial crisis with regards to its causes, effects and remedies among other aspects. This crisis was caused by several factors more so in the developed world. One of the major causes was the collapse of the real estate sector in 2006. This occurred when the sector lost its securities (pricing). The majority of major financial institutions had to close some operations since majority of them depend on the real estate. This happened when the U.S among other developed nations like United Kingdom established some policies that enabled citizens to own homes by creating a general platform for easy access of housing loans and mortgages. This was a predicament that the move would provide adequate capital to the banks through safe interests. This caused housing prices to reduce from 2006 to 2012. Several real estate agencies or co mpanies reported the greatest losses in the entire history of the sector. This could be indicated in the regional and international stock markets. The policy enables the majority to own their own homes, hence very few people were left to rent or purchase housing facilities from the real estate sector or agencies. ... Most of these companies are funded by institutional investors as well as foreign banks. This compelled President George W. Bush to declare insufficient bailout to the majority of the homeowners who could not repay their mortgage debts or loans. In short, the crisis was a result of policies that enabled citizens acquires loans to build their private residential structures, only for the majority of them to fail to pay their mortgage debts. The government had to offer some bail out, even though at some point, the president declared that were limited resources to offer such bailouts. Depreciation of house prices increased to an extent that such values were far much below the mortgages. This created a kind of foreclosure in the financial sector. From 2006, there was a kind of financial drain from the consumers; as a result, this weakened financial stability among the banking institutions. There was a huge pool of loan defaulters, which compromised the housing market and the national econo my as a whole. The loss was estimated to be trillions of U.S Dollars on a global scale. Much blame for the crisis is placed on the U.S government to establish some policies that encouraged direct deals between the citizens and the global or major financial institutions. History indicates that before 1970, United States ventured on a certain business or economy strategy where vital economic issues were enclosed to the government and not the public. During that period, there were limited deals between the governmental or global financial institutions and private developers, instead the government recognized corporations, companies or partners. Any party wishing to get some loans was to

Town of Manchester Essay Example for Free

Town of Manchester Essay In the article â€Å"Kentucky Town of Manchester Illustrates National Obesity Crisis,† Wil Haygood demonstrates how the dangers of obesity are rampant in small towns. Specifically, how their surroundings are contributing to the alarming obesity rate in this charming little town of Manchester. While Haygood depicts how the locals â€Å"celebrate the joys of community closeness,† he also reveals how â€Å"it is one of the unhealthiest places of all†. In fact, he points out that an estimated 52% of the 2,100 residents are considered obese, and that a majority of those are young children. To illustrate, Haygood cites a research study conducted in Manchester and surrounding counties by Jill Day, a local resident. The findings revealed that â€Å"Of the 277 [children surveyed], eight of those fourth- and fifth-graders were underweight, 135 were healthy, 49 were overweight, and 85 were obese†. In other words, he is indicating that roughly 48% of children are suffering from this obesity epidemic. Haygood suggests the problem originates from having too many fast food restaurants without enough healthy alternatives; paired with the fact that there are not enough locations that promote activity or exercise. For example, Manchester has at least 8 fast food restaurants as well as a Wal-Mart that sells mostly snack food. The only place for exercise is a physical therapy office. He also addresses the notion that obesity is more hereditary than anything else. He quickly refutes this argument by simply quoting Jill Day: â€Å"Since 1980, obesity has tripled in children, so we can’t totally blame genetics for this increase†. Overall, Haygood highlights that while being from a small town is comforting and favorable, it may be just as damaging and detrimental.

Generation What? An Outcast of Generation X :: Essays Papers

Generation What? An Outcast of Generation X Reflecting upon my writing is one of the most difficult tasks I have ever been asked to do. Looking back upon my work, I realize that this is one of the most important papers I have written. Not only was this piece the first paper I have written for a writing studio, it also enabled me to release some of the frustrations I have with my generation. Generation X. Slackers. Twentysomethings. There has been so much written about this group. There have been countless attempts by the media to analyze them. The media panders to and laughs at them, almost in the same breath. They discuss the group's alienation and disaffection, and their pride in multiculturalism. The media mocks their seemingly constant depression and applauds their tolerance and open-mindedness. Movies such as Reality Bites and Singles show this group in all its glory. Most people in this age group watch these movies and feel a connec tion with them. The backdrops of these characters' lives, and the experiences these characters face are similar to their own. However, I, as well as many of my peers, cannot relate to any of the so-called "Gen eration X" movies, TV shows, music, etc. While we are all in the correct age group, these forms of entertain ment are for the products of a white, middle-class, suburban upbringing. This category leaves out a con siderable amount of young Americans. The whole concept of a Generation X reminds me of junior high school, where knowing the right people, wearing the right clothes, and listening to the right music means status and popularity. Back in junior high, there was the popular crowdrich kids, ath letes, and beautiful people. These popular people had one thing in common conformity. They all wore the same type of clothes with the same brand names. They went to all the socially key functionsparties, dances, etc. As much as twentysomethings would like to think they have progressed beyond this point, they have not. Generation X also has a popular crowd. Instead of going to the socially key parties, they attend concert events like Lollapalooza and Woodstock '94. Instead of going out of their way to look like everyone else, they go out of their way not to look like everyone elseand end up looking like everyone else in the process. The audience at a Lollapalooza concert is a study in nonconformist conformity.

Friar Laurence and the Nurse Essay

The Nurse and Friar Laurence have a great influence on the outcome of Shakespeare’s famous play, Romeo and Juliet. Their words and actions have an enourmous impact on the two main characters. The Friar acts as Romeo’s friend, philosopher, and guide. This is a parallel role to the Nurse who advises Juliet. They continuously work together to find ways for the young adults to marry in hopes of uniting the two and bringing peace to Verona. Their roles as parent figures compel them to help the two adolescents marry. The Nurse and Friar Laurence are kind and meaningful characters who positively contribute to the alliance and temporary happiness of Romeo and Juliet. The Friar elicits the emotions in Romeo that are usually reserved for a father. He is ready with a plan to help the secretly impassioned lovers. â€Å"But come on, inconsistent young man, come with me. I’ll help you with your secret wedding. This marriage may be lucky enough to turn the hatred between your families†¦Ã¢â‚¬  He feels able to bring the years of feuding between the Montagues and the Capulets to an end by helping Romeo and Juliet to marry. The Nurse is a trusted family servant to Lord Capulet in Verona and she maintains an active voice in their family affairs. Lady Capulet involves the Nurse in her discussion with Juliet about her possible marriage to Paris. She has been with the Capulet family for at least fourteen years, the entirety of Juliet’s life. The Nurse had a daughter, Susan, born on the same exact day as Juliet. Susan died, and since her death the Nurse has taken care of Juliet and become more like a mother to her than Lady Capulet. The Nurse was actually Juliet’s wet nurse, and it is proven that a bond between a baby and one who feeds it is very strong. She uses many terms of endearment; when calling on Juliet: â€Å"What, lamb? What ladybird?† When Juliet speaks to her mother she speaks very formally, calling her â€Å"madam.† The conversation between Juliet and her mother is stilted and proper, whereas the Nurse is very open with her opinions, advice, and feelings with Juliet. When talking about Paris, she talks like a schoolgirl gossiping about Paris’ looks: â€Å"A man, young lady! Lady such a man as all the world – why, he’s a man of wax.† It is the Nurse who tells Juliet that Romeo has been banished after killing Tybalt. â€Å"Tybalt is gone, and Romeo banished; Romeo that kill’d him, he is banished.† The Nurse is the only guest at Romeo and Juliet’s wedding and it is Friar Laurence who marries them. Each of these characters, therefore, has a central role in the play. It is Friar Laurence who gives Juliet the sleeping draught to be used to convince her famnily that she is dead. His letter to Romeo goes missing and this is key to Romeo’s suicide when he too believes that Juliet has taken her own life. It is the Nurse who finds Juliet’s body. The two older characters whose words and actions are most central to the play, then, are the Nurse – a positive maternal role model to Juliet – and Friar Laurence – a positive paternal role model to Romeo.

Organizational Controls Essay

The case describes one of the most common problems that arise in cross-cultural business expansions without accounting for cultural and social differences across borders. Lincoln is a well established company with a great concurrent control system which enables it to move swiftly through processes and end up with phenomenal figures of efficiency and productivity. The control system at Lincoln is concurrent, although it can be argued that the system has certain similarities with the feed-forward control system. However, one thing is certain: the system is quick and flexible to change quickly which does not consist of the slowness of the feedback system. In particular such a system along with the different types of reward schemes makes Lincoln highly successful in the United States. It would be really difficult to find an organization comparable to Lincoln in terms of the amounts and kinds of rewards given to its employees. The different employee rewarding schemes are all tools and techniques which Lincoln has adapted to over the years because of the realization of the fact that employees in the US are highly motivated through pay-based rewards. (Susan Meredith, 2004) Essentially speaking it is this single factor which has contributed largely to the success of Lincoln in the US and the different kinds of pay-based rewards only seek to satisfy all kinds of people with different ideas and expectations for pay-based rewards. It should be understood by the management of Lincoln when they are transporting the US approach to other cultures that the cultures of different nations maybe and probably are entirely different from the American culture. It is not necessary that the same kinds of objects and pay-based rewards may drive them and motivate them towards high productivity. There are a lot of other intrinsic rewards available at the disposal of managers to use to meet the demands of the workforce. The same types of rewards may not work on different cultures due to the social and political circumstances of those nations. Employees may have different needs, which if met by the management, will motivate them to work harder and achieve levels of high productivity and efficiency. (Daft, 2001) The problem made by the management at Lincoln was to generalize that fact that pay-based and other monetary rewards will definitely motivate employees to achieve high productivity and efficiency. Instead, the operations failed due to the different cultures having different motivational factors, which obviously were not identified by the Lincoln management. The suggestion here to be followed by the management is to identify through research and internal mingling the factors that affect motivation and job satisfaction amongst the different cultures in which they have expanded their operations to and address specifically those issues to reap the same results as in the US. (Robbins, 2004) Employees would maintain their relationship and confidence in Lincoln only if the organization upholds it’s the expectations the employees and their unions hold from them. If Lincoln is unable to pay its US workers the bonus they deserve, Lincoln will be in deep trouble. The overall situation would go from bad to worse. It should be understood that the US employees had no share or tear in Lincoln’s expansions and that the losses arising as a result of the bad policies implemented in the new acquisitions was not transferable onto the US employees. Thus, Lincoln should not dishearten the US employees or risk the deterioration of employee satisfaction, morale and motivation which will affect Lincoln negatively in a significant manner. (Robbins, 2004) Therefore, I believe that Lincoln should borrow money to pay its US workers the bonus they actually deserve to take no risks in losing potential employees to its competitors or risk the loss of employee boost and motivation due to a break in expected promises.