Wednesday, January 22, 2020
Character of Stanley Kowalski in Tennessee Williams A Streetcar Essay
The Character of Stanley in A Streetcar Named Desire à à à Animals are, by nature, passionately instinctive; that is, when reacting to a situation, they do so forcefully and spontaneously. Therefore, we can think of passionate instinct as an intense, innate reaction to a particular situation. Animals also lack what we call ââ¬Ëinhibitionââ¬â¢ -- the suppression of a natural drive, instinct or feeling. For instance, when a skunk senses danger, it will not restrain its natural, defensive reaction and will not hesitate to spray a foul-smelling substance in the direction of the danger for self-protection. When cattle sense a threat to their environment, they do not try to rationalize their way to safety -- they stampede. If a bullââ¬â¢s passions are aroused, it will either charge or mate with the nearest cow. à Passionate instinct drives us, as well. Although we often try to reason our way through situations as civilized, rational beings should, there is sometimes a point where we can no longer be controlled by reason. This point often comes when we feel some strong emotion, and our rational halves become shadowed by our darker, instinctive sides. We often conceal this darker half because the instinct, which is so much a part of it, may lead to violence when released. It appears that the very idea of being ruled by instinct has become distasteful; people who use their instincts to get through a situation are often labeled as being ââ¬Ëunpredictableââ¬â¢, ââ¬Ëmaverickââ¬â¢, and ââ¬Ëdangerousââ¬â¢. Although we consider ourselves to be civilized, we were once a race ruled by instinct -- and still are, to some extent. à A manââ¬â¢s instinct can also reach the point where it nearly drowns his ââ¬Ëcivilizedââ¬â¢ side, as in the case of Stanley Kowalski. In A St... ...that cannot be prevented. However, if mankind does manage to squelch all inhibitions and allow his actions to be ruled by instinct alone, then humanityââ¬â¢s tenuous hold on civility will be loosened and the results could be catastrophic. Works Cited Adler, Thomas P.à A Streetcar Named Desire: The Moth and the Lantern.à New York: Twayne, 1990. Brownmiller, Susan. Against Our Will. New York: Bantam Books, 1975. Dworkin, Andrea. Intercourse. New York: The Free Press, 1087 Lant, Kathleen Margaret. "A Streetcar Named Misogyny." pp. 225-238 in REDMOND. Miller, Jordan.à Twentieth Century Interpretations of a Streetcar Named Desire: a collection of critical essays.à New Jersey: Prentice-Hall, 1971. Redmond, James (Editor). Violence in Drama. Cambridge University Press; 1991.à Williams, Tennessee. A Streetcar Named Desire. Signet: New York, 1947.
Tuesday, January 14, 2020
Leadership Lessons from D-Day: A Book Review
For this book review, I chose Victory Principles: Leadership Lessons from D-Day by Leonard Kloeber, Jr., a retired army officer.This book is not only a mere history book but it also provides a lesson on leadership principles based on what was applied by the Allied leaders during those crucial moments that characterized D-Day (also known as Operation Overlord) from the planning stage to the actual execution of the operation which was a success and eventually led to the liberation of Europe from Nazi occupation.The first part is more of a historical narrative.à The Kloeber narrates the important events that were considered the defining moments of D-Day which are organized into chapters.à The prelude in included to set the tone and help put the reader on the proper perspective in approaching the book and what it is all about.Each chapter mentioned important leaders during the operation, not just for trivia but describing what they did that made success possible.à These are lead ers who were actually there with the men as they saw action.Such senior leaders were Brigadier General Norman Cota, assistant division commander of the 29th Infantry Division which landed on Omaha Beach and received the brunt of the fighting. It also featured junior leaders such as Lieutenant Richard Winters, of Easy Company, 506th Regiment, 101st Airborne who led the company to neutralize an enemy gun emplacement menacing the beaches (Kloeber, Jr., 2009, pp. 61-62, 83).à What these leaders had in common was they made crucial decisions under fire but since they were in the thick of the action, they had a grasp of the situation and came up with crucial decisions that led to victory.Part Two provides an analysis as Kloeber spelled out what he called ââ¬Å"Victory Principlesâ⬠which were applied by the above-mentioned leaders which were key to the success of D-Day. One example of these principles was resilience which was demonstrated by Generals Cota and Roosevelt when their m en were under fire.They did not panic and maintained their composure which was the glue that kept the men together even though they were taking casualties (Kloeber, Jr, 2009, pp. 208-209).Another principle discussed was making timely decisions as applied by Lieutenant Winters when he and his men carried out their mission which was successful (Kloeber, Jr, 2009, p. 186).à It can be seen that the author did a great job organizing his ideas by telling the story first and discussing the relevant principles.à He was able to establish a connection between the two parts.Part Three is what military leaders call the ââ¬Å"Staff Rideâ⬠where military students would tour the battlefield to get a feel of what has happened though not necessarily during actual combat as part of applying the lessons learned in the classroom.The purpose here is to immerse them ââ¬Å"spirituallyâ⬠and by making them picture themselves being there and it is proven to be an effective method when unde rstanding the principles.à An appendix is added which provides supplemental details on D-Day.Overall, Kloeberââ¬â¢s book is not only for history students but also those who wish to be enlightened on leadership principles and the author has done a good job identifying them and showing how they were applied as well as mentioning their applicability in any kind of situation which need not be about combat.ReferenceKloeber Jr., L. (2009). Victory Principles: Leadership Lessons from D-Day. Garden City, New York: Morgan James Publishing, LLC..
Sunday, January 5, 2020
The Problem Of Child Labor - 3789 Words
Abstract This paper especially focuses on the problem of Child Labor in Pakistan with respect to the case of the world-renowned sports brand Nike and its use of children in its factories in Pakistan. A set of laws that can be established to eradicate this evil from Pakistan have been elaborated upon in the paper, these proposals include the Trafficking Victim Protection Reauthorization Act (TVPRA), the International Human Right Treaty by the General Assembly, International Criminal Court (ICC), penalty laws for businesses practicing child labor, system to inspect workplaces for child labor and holding employers responsible for the education of the employed children. The recommendations section of the paper deals with methods beside laws that can aid in the eradication of child labor and includes negative publicity, introducing a rating mechanism and dealing with competing (and ethically more sound) organizations. Outline: I. Introduction: A. Thesis statement: Because child labor is practiced in Pakistan at a Nike factory, I propose the Trafficking Victim Protection Reauthorization Act (TVPRA), the International Human Right Treaty by the General Assembly, International Criminal Court (ICC), and negative publicity to mitigate the problem. II. Analyses the problem: A. Child Trafficking affects children in several ways including: 1. It harms the child 2. Some children work for little pay, giving them low income (Srivastava, 2011). 3. Children often work under poorShow MoreRelatedThe Problem Of Child Labor2765 Words à |à 12 PagesIntroduction: Outside the natural beauty and scenery across Indonesia and its respective islands, the behind the scenes action of their economy and social development lies in income disparity and ill-fated use of child labor. With a population of around 249.9 million, Indonesia is the fourth largest (in terms of population) in the world; however, 30 percent of the people are under 15 years old. Educational reforms have been at the forefront of the Indonesian government for years and expansion toRead MoreThe Problem Of Child Labor1554 Words à |à 7 Pages Christian Morality 1. Examples of situations that had previously been considered natural to humanity but are now considered inhumane include child labor, slavery and racial segregation. The reason child labor is now considered inhumane is because of the images and films that were taken by the National Child Labor Committee. These images were publicized in newspapers for the public to see the terrible conditions of the factories and mines (Wagner, 2002). Society and technology continue to developRead MoreThe Problem Of Child Labor Laws Essay1081 Words à |à 5 Pagesdeveloping countries, such as in India, child are are forced to work, often as the result of a system of debt bondage where their family trades a small amount of money with an individual and in return, their child is sent away to work, and some of these families will never see their child again. Many of these children, due to the either the lack of regulation or as a result of a country simply ââ¬Å"turning a blind eye to the reality of c hild labor that violates child labor lawsâ⬠. As we saw in the video fromRead MoreThe Problem of Child Labor Essay3155 Words à |à 13 Pagesthen or not, he was also bringing a new connotation and worldwide innuendo to the term child labor. Child labor, is a term that will probably never be clearly defined. The World Book Encyclopedia states it to be simply the employment of children (defined as people under the age of 18) as wage earners. There is nothing grossly inhumane in the relatively fair and articulate definition. Yet, in her Child Labor: Then and Now , Laura Greene claims it is the abuse and misuse of children at work.Read MoreChild Labor Is A Growing World Problem1737 Words à |à 7 PagesChild labor is a growing world problem, more and more laws are being made and enforced. And while laws prohibit child labor, exceptions are made, like the number of hours a child can work and how old you have to be to work. Kids as young as seven are working 16 hours in mines. Child labor is significant all around the world but largely in Asia, Africa, and Latin America and in parts of Europe. Children are used in mines because they have smaller bodies to climb in shafts and small crevices, theirRead MoreCauses and Solution s to the Problem of Child Labor922 Words à |à 4 Pagesagainst Child Labour, a day dedicated to the goal of creating a world in which children everywhere can grow up without the threat of being forced into child labor. An estimated 246 million children are engaged in child labor, with nearly 70 percent of them (about 171 million) working in hazardous conditions, including work in mines and quarries, work with chemicals and pesticides or with dangerous machinery. ââ¬Å"Children as young as five are forced to spend long hours doing back-breaking labor, oftenRead MoreThe Problem of Sweatshops and Child Labor Essay683 Words à |à 3 Pagesto nothing for the time that they work. To resolve the problem of third-world sweatshops, the American government should pass a Child Labor Prevention Act and the American buyers should force their foreign suppliers to insure better working conditions. The United States Congress should pass the proposed Child Labor Prevention Act to help stop the exploitation of children by industrial companies. The United States must acknowledge child labor as a violation of fundamental human rights because itRead More Child Labor and Sweatshops are a Current Problem in the Fashion Industry1571 Words à |à 7 PagesChild Labor and Sweatshops are a Current Problem in the Fashion Industry à à à à à à à à Many societies face the much overlooked problem of child labor and sweatshops in the fashion industry. Recently, Americans were stunned to learn that their apple pie sweetheart, Kathie Lee Gifford was associated with the exploitation of underage workers in Honduras. Giffords story began the resurgence of knowledge of the growing problem of sweatshops in todays society. Contrary to popular belief, sweatshopsRead MoreNegative Effects Of Child Labor In Ghana1583 Words à |à 7 PagesLives of little ones are destroyed, when child labor is employed. This is one of the famous slogans that shows the severity and the cruelty of child labor. Child labor refers to work that threatens childrenââ¬â¢s health and safety or deprives their right to education (Herring). Child labor is a serious global issue that the world is facing these days. According to the International Labor Organization (ILO), 215 million children worldwide between the ages of five and seven teen work under conditions thatRead MoreChild Labor As A Cultural Norm1604 Words à |à 7 Pagesapproximately 215 million children under the age of 15 that are working in the child labor industry around the world. What can be done to resolve this global issue? Child labor is when companies use children to perform manufacturing dutiesââ¬â typically being paid in low wages. There are many different reasons and causes of child labor such as: poverty, globalization, and corruption. In some countries, however, child labor is considered a cultural norm. Although most prevalent in third-world and underdeveloped
Saturday, December 28, 2019
Pressure Essay - 1600 Words
Pressure As a child, Ive suffered through many tough decisions. Ive been pressured by my peers to do the wrong thing. Ive also been pressured by my peers to do positive things. Drs. George Jenkins, Sam Davis and Rameck Hunt, who are the authors of The Pact (with Lisa Frazier Page), have also been pressured by their peers to do both positive and negative things. Growing up through middle school and high school is tough because kids are always trying to get other kids to do the wrong thing. Most of the kids actually do some of the stupid things so they can fit in. I remember when I was in middle school I did almost anything to get my friends approval. Even if it meant I had to do something that was going to get me into trouble. Iâ⬠¦show more contentâ⬠¦We were excused to leave the cafeteria and left with unanswered questions. Are we going to get a detention? Is that psycho going to kill me? I went up to his room before activity period. My friends followed me up the stairs acting as if they could feel no pain from anything this teacher could throw at us. As soon as we walked in there, he gave us the silent treatment. He delivered the scariest lecture that I had ever received in my life. His lecture was about him being upset with us since we didnt respect the ten minute period that we had to be quiet for. Then, out of the middle of no where, he asked us a question. Brian answered it and the teacher got right in his face yelling, Was I talking to you tough guy. Brian tried to keep his cool, but he broke down and started to cry. He continued to punish us with his words of despair. When he finished his lecture, he sent us back down stairs to our home-room. We did not get into any serious trouble, which was good, because I didnt need a detention for talking. After watching and experiencing that situation, I never wanted to be a badass again. Being a badass was not worth getting into so much trouble for such stupid things. I know that situation is not much, but hey what do you expect from an introvert. In my high school years, I began to meet new people who were a positiveShow MoreRelatedThe Pressure to Be Perfect4326 Words à |à 18 PagesThe Bell Jar and Black Swan: The Pressure to be Perfect In a society where competition among others and influences from the media are becoming increasingly prevalent by the decade, it is easy for one to feel the extreme pressure to be perfect. Many individuals face the internal conflict of feeling that they are not adequate enough for various personal or societal standards, often leading to unhealthy insecurities, mental and emotional instabilities, and identity crises. Firstly, societyââ¬â¢s remindersRead MoreBlood Pressure, The Pressure Of Blood913 Words à |à 4 PagesBlood pressure, the pressure of blood in the circulatory system, is a vital aspect to the human body in order to maintain homeostasis. Many Americans are not aware of the seriousness of having high blood pressure. High blood pressure is called Hypertension, which can be a silent killer if untreated. There are many causes of Hypertension, including diet, age and race. Doctors now are making classifications of pre-hypertensive, which can help patients maintain the ir health and possibly avoid hypertensionRead MoreDangers Of Peer Pressure On Girls1345 Words à |à 6 PagesDangers of Peer Pressure on Girls As a little girl I had much confidence about myself and felt I looked the best from my school as well as many other girls from my school. Nowadays, many girls are pressured into being perfect in a way they feel they will never accomplish. Little girls such as ten year olds have started to show low self-esteem and hate to their body image because of the models that are being constantly promoted. As 10TV stated, ââ¬Å"When you were 10 or 11, you probably didnââ¬â¢t give muchRead MoreThe Science of Pressure in Laws581 Words à |à 2 PagesPRESSURE: Pressure can be simply defined as force per unit area and some of the major physical hazards can be related to the effects of Pressure on the diver Pressure = FORCE/AREA N/ãâ¬â" Mãâ¬â"^2 The pressure on the diver under water is because of two forces acting simultaneously on him. A diver must always be in pressure balance of those forces at any depth which is defined as, The atmospheric weight over the surface of water which changes with altitude (atmospheric pressure) The weight of the waterRead MoreRelationship Between Volume And Pressure1932 Words à |à 8 PagesQuestion: What is the relationship between volume and pressure? Prediction: As the volume of the system increases, the systemââ¬â¢s pressure will decrease. This is the case because at the particle level pressure occurs when particles collide with the object they are in or outside of. When the volume of the system increases there will be less particle collisions in the same amount of space which should lead to less pressure. Materials: Beaker Water Pressure Sensor/Lid Graduated Cylinder Syringe Paper TowelRead MoreSystolic Diastolic Pressure On Blood Pressure1618 Words à |à 7 Pages Blood pressure is a force applied by blood that push against the arteries. Arteries are blood vessels that send oxygenated blood to the heart and throughout the rest of the body. To calculate blood pressure, use a blood pressure machine which shows the two types of pressures, systolic and diastolic pressure. Systolic pressure happens when the heart is decreasing and diastolic pressure is the pressure the occurs when the heart expands. Systolic pressure is always over diastolic pressure and theRead MoreTemperature And Pressure Measurements Of An Ideal Gas823 Words à |à 4 PagesTemperature and Pressure Measurements of an Ideal Gas That Is Heated in a Closed Container Introduction This report discusses an experiment to study the relationship of temperature and pressure of an ideal gas (air) that was heated in a closed container. Because the ideal gas was in a closed container, its volume remained constant. The objective of the experiment is to test whether the ideal equation of state holds. In the equation, pV = mRT, where p is the pressure the gas, V is the volumeRead MoreCollege Pressures Affect Our Lives1212 Words à |à 5 PagesCollege Pressures College pressures dominate our lives. They begin to levitate around us and slowly derail our lives. William Zinsser elaborates about the college pressures that modern generations are facing. He reveals multiple commonalities that the typical college student encounters on a daily basis. Zinsser states, ââ¬Å"They want a map-right now-that they can follow unswervingly to career security, financial security, social security, and presumably, a prepaid graveâ⬠(12). He is spot on, the pressuresRead MorePeer Pressure1013 Words à |à 5 PagesPeer pressure From Wikipedia, the free encyclopedia Peer pressure is influence that a peer group, observers or individual exerts that encourages others to change their attitudes, values, or behaviors to conform the group norms. Social groups affected include membership groups, in which individuals are formally members (such as political parties and trade unions), or social cliques in which membership is not clearly defined. A person affected by peer pressure may or may not want to belong to theseRead MoreBlood Pressure1729 Words à |à 7 Pagesblood pressure testing during a clinical simulative skill session The clinical skill that I have decided to reflect on in this essay is the manual blood pressure test that I have performed on one of my colleague during a simulative clinical skills session. The aim of this essay is to reflect on this experience, so as to learn from it, identify areas of concern and increase competence in this skill accordingly. To start the essay it is the custom to at least give a definition of blood pressure test
Friday, December 20, 2019
The Role of the Relationship Between Therapist and Client...
THE ROLE OF THE RELATIONSHIP BETWEEN THERAPIST AND CLIENT IN COGNITIVE BEHAVIOUR THERAPY IN THE CONTEXT OF THERAPEUTIC TASKS CANDIDATE NUMBER: 12823707 22-11-2011 Essay submitted for the award of Foundation Degree in Psychodynamic Counselling and Cognitive Behaviour Therapy, Birkbeck College, University of London CONTENT PAGE Introduction Page 3 Appendix 1 Page 13 Appendix 2 Page 15 Appendix 3 Page 16 Appendix 4 Page 17 Appendix 5 Page 18 Introduction Within this case review I will explore the relationship between client and therapist by identifying the role it plays within the following; establishing the boundaries of my work; assessment/diagnosis; the development and process of the relationship, including my own selfâ⬠¦show more contentâ⬠¦However Robert was able to show insight into his depression by processing that this can also be triggered sporadically and sometimes without cause. Feared consequences and risk of suicide and/or intention Robert fears that his current partner will end their relationship and abandon him, taking his other two children with her. Robert stated that he has attempted to take his own life and sporadically has thought of death, dying or suicide, however states that he has not attempted suicide in the last 6 years. It was acknowledged that Robert has deliberately cut /caused himself physical harm Impact on quality of life Robert acknowledged that when he is depressed and anxious it has a detrimental effect on his family, e.g. his family worry as they recognise that Robert will drink heavily and become violent when depressed. Coping strategies and support network Robert identified his coping strategies to be; Self talk; Ground techniques / Distraction Techniques (reading, talking to his sponsor, listening to music). Robert recognises that he has a supportive network which consists of his sponsor, non using friends, and his mother who is a mental health worker. It was acknowledged however that Robert struggles to utilise these support networks when he is in a low mood. Birth and upbringing and family Robert is the youngest of three siblings. He processed that he has a close relationship with his mother, howeverShow MoreRelatedmodels and approaches relate to client need, therapeutic context and aims and objectives of the therapy.1106 Words à |à 5 Pagescounselling and psychotherapy therapeutic delivery, explain how models and approaches relate to client need, therapeutic context and aims and objectives of the therapy. Psychotherapists will be educated in various different models and whether they are approaching a client through the concept of observing external behaviours, the Behaviourist approach for example in which a therapist will look to condition new behaviours, or through the idea of internal behaviour, such as the Psychodynamic approachRead MoreThe Analysis of Behavior Centered and Person Centered Therapy and the Benefits of the Integration and Synthesis of Both in Counseling2503 Words à |à 11 Pageslong-term goal of any counselling session is to aid the client in their overcoming and defeat of obstacles they may face through the facilitation of psychological tools and theories. The evolution of psychology over the last 100 years has seen numerous theories put forth for application to therapy in the clinical setting. Two widely used and well-founded methods include Behaviour Therapy and Person Centered Therapy. The dynamics of Behaviour Therapy were first discovered by the famous resea rcher and psychologistRead More Comparing Adlerian Therapy, Cognitive Behavioral Therapy, and Solution Focused Brief Therapy3619 Words à |à 15 Pagesas a school counselor. Modern day counseling is equipped with a wide variety of therapies, techniques and approaches. The purpose of this essay is to compare and contrast three approaches of therapy. Also in this essay the views of the person and the Therapeutic process will be discussed. The three models that are going to be compared are Adlerian, Cognitive Behavioral Therapy (CBT), and Solution Focused Brief therapy (SFBT). This essay is going to highlight the similarities and differences of theRead MoreModels of Counselling Within My Context2989 Words à |à 12 Pageshelping professions. The question, do you need some help? Should be part of our daily business as informal and formal educators and guidance counsellors. Yet what we mean by ââ¬Ëhelpingââ¬â¢ is not that obvious and the qualities we look for in ââ¬Ëhelping relationshipsââ¬â¢ need some thinking about. Here we try to clear away some of the confusion. What do we mean by helping? For many people within the social professions, such as social work, counsellors, community workers and psychologist. The notion of helpingRead MoreCarl Rogers : Fully Functioning Person1772 Words à |à 8 PagesCarl Rogers described ââ¬ËThe Fully Functioning Personââ¬â¢ and the therapeutic process of the client moving towards what he termed the ââ¬ËGood Lifeââ¬â¢ in 1961. Describe and critically assess these Rogerian concepts and model of therapy. Carl Rogers (1961, p.183) claimed ââ¬Å"the concept of the fully functioning Person, It was an attempt to spell out the picture of the person who would emerge if therapy were maximally successfulâ⬠This fully function person as Carl Rogers (1961) described is a person whoRead MoreRelationship Between Client And Nurse1767 Words à |à 8 PagesLipchick (2002), describes the therapist-client relationship as a structure coupling between to unique human beings in complementary roles. In a healthcare context, Sabo (2006) states that empathy and compassion are critical aspects involved in understanding the clientsââ¬â¢ needs to create a therapeutic relationship between client and nurse. The integration of the concepts of compassion and empathy could become a negative facilitator of ââ¬Ëthe cost of caring for othersââ¬â¢ later described as Compassion FatigueRead MoreRational Emotive Behaviour Therapy - Essay9996 Words à |à 40 PagesA Brief Introduction To Rational Emotive Behaviour Therapy By Wayne Froggatt Third Ed.(this version Feb 2005) Rational Emotive Behaviour Therapy (REBT) is based on the concept that emotions and behaviours result from cognitive processes; and that it is possible for human beings to modify such processes to achieve different ways of feeling and behaving. REBT is one of a number of therapies that come under the heading ââ¬Ëcognitive-behaviouralââ¬â¢. In the mid-1950ââ¬â¢s Dr. Albert Ellis, a clinical psychologistRead MoreThe Therapeutic Alliance Is The Foundation For Successful Or Unsuccessful Treatment Engagement1491 Words à |à 6 PagesIntroduction The therapeutic alliance is the foundation for successful or unsuccessful treatment engagement (Sprenkle et al., 2009). The extent to which clients are able to engage with the therapist, will likely determine the expanse of participation and commitment they will attribute to therapy (Sprenkle et al., 2009), or social work intervention in its entirety. To elaborate, consider patients diagnosed with CKD. CKD is a primarily asymptomatic, but progressive and physiologically degenerativeRead MorePlay Therapy For Children With Attention Deficit Hyperactivity Disorder1946 Words à |à 8 Pages Play Therapy Critique SWG 617 Stephanie Loyer Arizona State University Play therapy is a type of psychotherapy that uses play to aid in the therapeutic process. It is most commonly used with children between the ages of four to eleven since they are too young to communicate well through language and this is the period when children most likely use imaginary play although it can be adapted to suit any age. Play therapy allows children to problem solve, learn and express theirRead MoreA 3000 word reflective account of Solution Focused Brief Therapy within a practice placement setting3245 Words à |à 13 PagesA 3000 word reflective account of Solution Focused Brief Therapy within a practice placement setting This assignment is a personal reflective account on the use of solution focused brief therapy (SFBT) carried out during a practice placement within a Crisis and Home Treatment Team (CRHT). This assignment aims to discuss the importance of the 10 Essential Shared Capabilities, introduce clear definitions of SFBT, evaluate current research of SFBT, and provide an evaluation of the key principles
Thursday, December 12, 2019
Treasury and Risk Management Financial Crises
Question: Discuss about theTreasury and Risk Management for Financial Crises. Answer: Introduction: The overall assignment mainly focuses on the role played by derivatives in the 2007 financial crises. In addition, the study evaluates how financial crisis negatively affected the financial market of world economy. Further explanation is been provided whether the crisis would occur again in future. Relative derivatives that is been used by the investors and financial institutions for conducting trade post, during and pre 2007 world crisis. Majority of the financial analyst mainly describes the meltdown of 2007 financial crisis, as the devil casino where investors dealt in debt derivate structure. The CDOs were mainly used as the major derivate option, which resulted in augmentation of financial crisis. Explain the Role of Derivatives in the 2007 Financial Crises: Before the augmentation of the financial crisis, the overall derivative market allowed banks to transfer their mortgage-backed security to investors. The derivatives market mainly allowed the banks to raise capital by selling the mortgage-backed securities (Adebambo, Brockman and Yan 2015). The process used by the banks in distributing the loans to relative hedge funds is depicted as follows. Firstly the banks lend money to the individuals for buying homes Secondly the bank sold the mortgage to Fannie Mae, which allowed banks with additional cash to make new loans Furthermore, the asset-backed mortgage bought by Fannie Mae is resold in the secondary market under name of Mortgage-backed-security (MBS). The overall value of the security is mainly derived from the mortgage bundle. Lastly, the MBS is mainly bought by hedge fund, which then divides the security and only retains low risk investment. The left out securities are then included in new derivatives instrument and sold to other hedge funds. This reselling process is mainly of just a portion of the fund is mainly known as tranche. The overall trading of mortgages was conducted with the help of derivatives, which valued the security based on their underlying asset. However, each financial institutions and hedge fund companies accumulated a large number of mortgage-backed derivatives. Moreover, Warren Buffet mainly labelled the derivatives as financial weapons of mass destruction, which empowered hedge fund managers to accumulate higher debt. Chodorow-Reich (2014) mentioned that credit default swap was mainly conducted to reduce the negative impact on loss occurred from debt. On the other hand, Floyd, Li and Skinner (2015) criticises that increased accumulation of CDOs mainly increased debt accumulation of companies, which raises risk from investment. The derivative options like Asset-backed Commercial Paper, Call Option, Credit Default Swaps, Collateralized Debt Obligations, Commodities Futures, Futures Contract, Interest Rate Swap, Mortgage-backed Securities, Oil Price Futures, Put Option, Stock Options was used by financial institutions. These derivative assets mainly allowed the investors to increase the overall investment exposure. Reinhart (2013) mentioned that use of adequate derivatives instrument mainly allowed investors to take trade higher than the actual asset value. Furthermore, derivatives instruments like Collateral Debt Obligation (CDO) and Credit Default Swap (CDS) were the main reason behind the augmentation of 2007 financial crisis. Figure 1: Depicting the formation of Asset backed Securities (Source: Thebalance.com 2017) The above figure mainly helps in depicting the relevant formation of assets backed securities, which led to the origination of Collateral Debt Obligations (CDO). These CDOs mainly allowed the hedge fund managers to divide the MBS into different segments with risk ratings. The Asset backed Securities are mainly divided into tranches, which depicted the overall risk from investment. Furthermore, for securing the overall CDOs, Credit Default Swaps (CDS) were mainly developed, which reduced the risk from non-payments from investment. Furthermore, the complex derivative market mainly allowed the investors to expand the overall mortgage market, which its performance remained same. Reddy et al. (2014) stated that derivatives does not create or destroy the assets, it just helps in balancing the trades between two investors. The overall derivatives market was unregulated and mainly traded in OTC without the presence of a clearinghouse. This absence of clearing house mainly fails to accommodate the high risk from CDOs, which might hamper return from investment. The unregulated CDOs mainly amounted to $604.6 trillion in OTC derivatives contracts, which was ten times the world GDP. The overall CDS were purchased by investors for subprime derivatives, which helped in reducing the risk from mortgage investment. Furthermore, the extensive use of derivatives market was mainly increasing the risk for investors, as value of the underlying assets was considered. Bourkhis and Nabi (2013) mentioned that banks before the financial crisis provided home loans to everyone without adequate security for payments. Moreover, the derivative market mainly allowed banks to restructure the overall CDOs into new CDOs, which could be traded again in the secondary market. The companies are mainly able to distribute the subprime and high risky mortgage securities in new CDOs, which help in reducing the liabilities in their accounting books. Furthermore, these CDOs were again traded in the secondary market with high rating provided from credit rating agencies. As depicted in the book Fools Gold, companies were mainly able to reduce their subprime securities by creating new CDOs with wrong credit rating. This manipulation conducted by the banks was the major problems, which led to the augmentation of the financial crisis. In this context, Garcia-Appendini and Montoriol-Garriga (2013) argued that Lehman Brothers accumulated high end CDOs, which evaluated the demise during the economic crisis. Furthermore, the demises started with the defaulting of loans, which comprised 98% of the CDOs traded in the secon dary market. The high credit value provided from derivative market mainly increased ability of the investors to raise its investment capacity. Explaining Whether the Crises Could Occur Again: The current market system has been degrading due to decline in capital market during 2013 and 2015. Furthermore, the impact of 2008 financial crises is still seen in the financial market, as companies are trading new derivatives. The CDOs were changed to different derivatives, which are being used on daily basis. In addition, the bailout package used during the financial crises only pumped new money and did not reduce the negative impact of method used by financial institutions. The credit rating agencies, which rated the default CDOs are still rating the new derivative instruments, which could have high risk. Furthermore, the Chinese Banking system could be the major player in augmenting the future financial crisis, as the government controls it. This controlled market rallies conducted by the Chinese government could mainly result in inflating asset value, which was the main reason being the fall of asset market in 2008 (Nasdaq.com 2014). Furthermore, FED interest rate is still 0%, which also added to augmentation of 2007 financial crisis. Armantier et al. (2015) mentioned that he rise in FED interest rates mainly declined the ability of borrowers to pay the interest on their loans. The future rise in interest rate of FED could mainly reduce cash availability of the investors, which could initiate sell calls. In addition, the FED previously raised rate in 2006, which started the loan defaults. This accumulated default loans mainly started to liquidation of financial market. Conclusion: The above discussion mainly depicts the impact of derivative in augmenting the financial crises of 2008. In addition, the different derivatives like Credit Default Swaps (CDS) and Collateral Debt Obligations (CDO) is mainly discussed, which mainly instigated the financial crises of 2008. Furthermore, the increment in residential prices, Chinese banking system and increment in FED interest rate could lead to new future recession. These identified factors mainly increase the chances of new financial crises, which could hamper global financial market. Reference: Adebambo, B., Brockman, P. and Yan, X.S., 2015. Anticipating the 20072008 Financial Crisis: Who Knew What and When Did They Know It?.Journal of Financial and Quantitative Analysis,50(04), pp.647-669. Armantier, O., Ghysels, E., Sarkar, A. and Shrader, J., 2015. Discount window stigma during the 20072008 financial crisis.Journal of Financial Economics,118(2), pp.317-335. Bourkhis, K. and Nabi, M.S., 2013. Islamic and conventional banks' soundness during the 20072008 financial crisis.Review of Financial Economics,22(2), pp.68-77. Chodorow-Reich, G., 2014. The employment effects of credit market disruptions: Firm-level evidence from the 20089 financial crisis.The Quarterly Journal of Economics,129(1), pp.1-59. Floyd, E., Li, N. and Skinner, D.J., 2015. Payout policy through the financial crisis: The growth of repurchases and the resilience of dividends.Journal of Financial Economics,118(2), pp.299-316. Garcia-Appendini, E. and Montoriol-Garriga, J., 2013. Firms as liquidity providers: Evidence from the 20072008 financial crisis.Journal of Financial Economics,109(1), pp.272-291. Nasdaq.com. (2014). [online] NASDAQ.com. Available at: https://www.nasdaq.com/article/8-reasons-why-a-new-global-financial-crisis-could-be-on-the-way-cm383267 [Accessed 23 Feb. 2017]. Reddy, K.S., Nangia, V.K. and Agrawal, R., 2014. The 20072008 global financial crisis, and cross-border mergers and acquisitions: A 26-nation exploratory study.Global Journal of Emerging Market Economies,6(3), pp.257-281. Reinhart, C., 2013. Goodbye inflation targeting, hello fear of floating? Latin America after the global financial crisis. Thebalance.com. (2017). [online] The Balance. Available at: https://www.thebalance.com/role-of-derivatives-in-creating-mortgage-crisis-3970477 [Accessed 23 Feb. 2017].
Wednesday, December 4, 2019
Programming with Data Structure and Algorithms
Question: Discuss the following points.. Software development lifecycle. Object Oriented Programming. Technical and End User Documentation. Software Testing Troubleshooting. Web Site Design Development Project Teamwork communication. Answer: Personal statement Highly self motivated personnel with skills in Java programming language will help secure a good position in the IT industry. Ability to work in team effectively. It will help to provide great service in the field of programming and software development. Excellent level of communication which will help to understand the objectives of jobs and to deliver a high quality of team work. Punctuality, willingness to learn new topics and the ability of fast learning will help to learn the objectives, goals and requirements of new organization. The technical abilities and the experiences in the area of object oriented programming along with the SDLC and documentation will help to perform better in the work place. The technical and professional skills in the area of Java are programming and software developing along with the previous experience will help to develop a good career in the IT industry. Summary of curriculum vitae The technical abilities and professional skills in the field of Software development and Java programming will help to develop a good career in the IT industry. Completed graduation in software engineering from ComputingCollege of North West London and Middlesex University. Work experience gathered from EBJJF, Cartuning ltd. and Royal Window tinting. Key skills learnt from work experience include system development using JAVA and SQL, management of the website of the organization, optimization of search engine and management of Google Adwords. Key Skills Software development lifecycle Object Oriented Programming. Technical and End User Documentation Software Testing Troubleshooting Web Site Design Development Project Teamwork Communication Java programming knowledge and SQL Employment history Company name Duration Achievements and responsibilities EBJJF January 2015 till date System developer using Java language and SQL Managing company website Outgoing project handling Cartuning Ltd May 2015 - January 2016 creating and managing company's website Search engine optimisation Managing google Adwords (account pay per click) Royal Window tinting UK December 2015- till date Creating and managing companys website Search engine optimization Managing Google Adwords Education: Middlesex University (2015-2016) Modules: Graphics and visualization Open source software Artificial intelligence Computer science project Expected Grade 2:1 Middlesex University (North West London College) (2014-2015) Modules: Client Server Web Development. Analysis and designing in object oriented programming. Software development program on object oriented study software development plan Middlesex University (North West LondonModules Included) (2013- 2014) Modules: Work Based Learning. Academic Skills for Computing. Database Management Systems. Intro to Computer Systems. Programming with Data Structures and Algorithms. ComputingCollege of North West London (2012-2013) Module: Communication And Employability Skills For IT Computer System Information Systems Managing Networks IT Systems Troubleshooting And Repair Event Driven Programming Project Planning With IT Database Design Mathematics For IT Practitioner References: Ackerley, N., 2015. How to Write Your CV. Veterinary Nursing Journal, 30(9), pp.252-252. Association, E., 2011. How to Get a Great Job. New York: Skyhorse Publishing, Inc. Lebrave, J., 2002. How Will they Write?. Diogenes, 49(196), pp.126-132. Petroski, H., 2011. An engineer's alphabet. Cambridge: Cambridge University Press.
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