2008 Financial Crisis Essay - 2286 Words

Question 1 Hank Paulson played a critical role in the financial crisis of 2008. How did Mr. Paulson help create the environment that led up to the financial crisis? What mistakes did he make as Secretary of Treasury when he had to manage the financial crisis of 2008? Do you think Mr. Paulson acted as an unbiased Secretary of the Treasury or did his background at Goldman impact his thinking and his actions? As Secretary of Treasury, Hank Paulson’s lax supervision let too many subprime mortgage bonds get into the market. The investment banks purchased this big short, which was like a time bomb. This was the environment, which Mr. Paulson created to lead up to the financial crisis. In March 2008, the Wall Street fifth investment bank,†¦show more content†¦In this sense, the crisis in Europe today is actually above fiscal and political. In short, the first task of European leadership today is to rebuild the European idea. Even in the debt crisis now, the central European entity has the ability to ensure revenue at the federal level to provide everyone public goods. EU need to remind everyone that the stable life and the rising prosperity European public, even the whole world, have now has been due to the path toward unity. There is no doubt that the European integration’s contribution on Economic prosperity and absence of war. That is why more European integration, n ot less, is the only solution to whatever problems they encountered and they will meet in future. Question 3 What firm bears the greatest responsibility for the financial crisis of 2008? What was this firm willing to do that no other firm was willing to do? Did this firm survive the initial year of the financial crisis and is the firm still in existence? What role did Warren Buffet play in the financial crisis? How many investment banks paid the price for the financial crisis? Who were they? Were some investment banks actually rewarded as a result of the financial crisis? If so, how were they rewarded? As the bankruptcy protection of Lehman Brothers, lots of company that invested in Lehman would be the next victims in the financial crisis,Show MoreRelatedFinancial Crisis 20085972 Words   |  24 PagesCORPORATE FINANCE THE GLOBAL FINANCIAL CRISIS 2008 Group’s member:Nguyá »â€¦n NhÆ ° Nam (C)Phan Thu AnNguyá »â€¦n Thà ¹y DungHoà  ng Bà ¡ SÆ ¡nNgà ´ Thá »â€¹ à nh Tuyá º ¿tDate: 28/11/2014 | AbstractIn 2008 the world was fell into the worst financial crisis since the Great Depression of 1929-1933. Although this crisis has gone, however, its consequences for the economy of many countries is very serious, even now many nations are still struggling to escape difficulty. Just in a short period, the crisis originating from AmericaRead MoreGlobal Financial Crisis 20083250 Words   |  13 Pages1. Introduction Shah (2010) stated that the global financial crisis which has been brewing for a while has really started to show its effects in the middle of 2007 and into 2008. It started with the default of the subprime housing loans in the United States when its housing bubble burst. It caused a great impact across the globe that first struck down major financial institutions, first in United States and then in Europe, that were directly exposed to the mortgage default risk. After theRead MoreThe Financial Crisis Of 2008 Essay2044 Words   |  9 PagesThe 2008 financial meltdown resulted in the most treacherous investment landscape observed since the great depression. The most notorious issue was the subprime mortgage crisis, which had a ripple effect felt through every market in the world. The banks, whose leverage rate should never have been higher than two times capitalization, surged as high as thirty to forty times market cap. With this level of exposure, any unforeseen market fluctuations could mean disaster. Lehman Brothers, the oldestRead MoreCauses of the 2008 Financial Crisis2661 Words   |  11 PagesTitle Date of Submission Causes of the 2008 Financial Crisis a) Financial crisis definition Financial crisis is defined as the financial meltdown, or in other terms as the credit crunch. A financial crisis is an economic incidence makes it hard to obtain and access the capital for use in investment. The economic crisis is an ongoing economic problem that was more pronounced in 2008 resulting in the liquidity in the global credit markets and its financial systems (Berlatsky 77). This means thatRead MoreThe 2008 Financial Crisis Essay2289 Words   |  10 PagesIntroduction In 2008, the world experienced a tremendous financial crisis which rooted from the U.S housing market; moreover, it is considered by many economists as one of the worst recession since the Great Depression in 1930s. After posing a huge effect on the U.S economy, the financial crisis expanded to Europe and the rest of the world. It brought governments down, ruined economies, crumble financial corporations and impoverish individual lives. For example, the financial crisis has resulted inRead MoreThe Financial Crisis And 2008 Is A Big International Crisis2051 Words   |  9 Pageshave a financial crisis, it depends on the government and banks, which means Australia might go to have a financial crisis in the further year. Banks can reduce the likelihood of having a financial crisis in countries. Many possible ways to have a financial crisis and 2008 is a big international crisis. Australia financial system helped the government to reduce the damage from the 2008 international crisis, ma ny countries except Australia have a serious problem and impact after the crisis. AustraliaRead MoreThe Financial Crisis Of 2007-20081419 Words   |  6 Pagesthe recent credit crunch. The financial crisis of 2007–2008, also known as the Global Financial Crisis and 2008 financial crisis, is considered by some economists such as Nouriel Roubini, professor of economics and international business at New York University, Kenneth Rogoff, professor of economics and public policy at Harvard University, and Nariman Behravesh, chief economist and executive vice president for IHS Global Insight, to have been the worst financial crisis since the Great Depression ofRead MoreEffects Of The Financial Crisis Of 2007-20081763 Words   |  8 PagesFinancial crisis of 2007-2008 is widely considered to be the worst financial crisis since the Great Depression of 1930s. The origin of this big storm dated back to the high home prices of the United States. After America’s entire investment banking system was attacked, many industries such as auto industry also went bankrupt. Unfortunately, it spread quickly to the whole world, causing huge damages to the global economy. Th erefore, my study will focus on the effects of the financial crisis of 2007-2008Read MoreThe Global Financial Crisis Of 2007-20082489 Words   |  10 PagesThe Global Financial Crisis of 2007-2008 has been studied by several economists, and different causes have been identified, both primary and secondary, which intensified the overall impact of the crisis. In my view, the Global Financial Crisis resulted due to a culmination of several policies that interplayed with each other, and significantly influenced all sectors of the economy, from consumers to the government. In this essay, I will be addressing the main underlying causes of the crisis, how theyRead More2008 Financial Crisis: Icelands Then Now Essay examples1558 Words   |  7 PagesCauses of the Crisis On September 15, 2008, the American bank Lehman Brothers, with holdings over 600 billion USD, filed bankruptcy. This was by far the biggest bankruptcy in U.S history and it marked the beginning and the largest financial crisis ever. How can one of the biggest banks in the world fail? How can a bankruptcy in US make someone on the other side of the world unemployed? The answer is Collateralized Debt Obligations (CDOs) and it all started by new innovations in the financial sector combined

We Do Abotions Here, Textual Analysis - Free Essay Example

Sample details Pages: 2 Words: 450 Downloads: 7 Date added: 2017/09/18 Category Analytics Essay Type Argumentative essay Did you like this example? Marie Allbee Sallie Tisdale â€Å"We Do Abortions Here† In this paper, you will hear about a nurse’s experiences working at an abortion clinic from a literary and professional nursing prospective. It takes place in the 1970’s when it was legal to perform these procedures. Sallie Tisdale offers you a very detailed and upfront explanation of what an abortion really is. I believe that the many different circumstances and situations given in this text will help give people a different perspective on how we judge others. Sallie Tisdale was an American nurse and essayist, with her writing based upon health and medical issues. She was born in 1957, in Eureka, California. She earned a B. S. in Nursing at the University of Portland in 1983. She has won many awards and honors for her work, including being deemed a â€Å"National Endowment for the Arts† fellow in 1989. The story of â€Å"We Do Abortions Here† was published in Harper’s Magazin e in 1990. The nurse that works at this clinic enjoys her job and her co-workers. She cannot show her true emotions and let people know what she truly feels. Many different people come through her office, but there is some sort of similarity between all of them. Some are married, single, too young, they’ve been raped, or not capable of providing for a child. Most of these women are scared and confused, and are just looking for someone to support them in their decisions. In the story, she begins by telling you of a patient she will see. She’s 18 and pregnant for the fourth time, uses drugs regularly with her dirty needle marks in the open. But his is nothing new because the people that see her all have a different story with the same ending. You will find a couple that has become pregnant on accident. The husband wants nothing to do with having another baby and would like to know if it is a boy, so he can punish his wife for her mistakes. Apparently, some spouses have the right to abort if it is not the sex that they had wanted. If you listen to some of these circumstances, you would understand why these women choose to abort. When the author gives you the detailed description of the procedure, it is almost gut wrenching. It is just that graphic and she compares it to having a manicure †quick, cheap, and painless†. The doctors who practice these procedures have the final say on how far in the pregnancy they will perform an abortion. Some doctors will have a gestation limit or a limit on the amount performed on a patient, yet others will manipulate the rules to make their own. Don’t waste time! Our writers will create an original "We Do Abotions Here, Textual Analysis" essay for you Create order

American family Free Essays

There are three common characteristics that would Impact types of marriages that have on family definitions. Monogamous, polygamous, and arranged marriages. Monogamous is where the family stays out of the decision. We will write a custom essay sample on American family or any similar topic only for you Order Now Polygamous is where they have multiple options, which is illegal in the US. This type of marriage finds it k to have multiple families. Arranged marriages are where the family of the bride and groom negotiate an arrangement before the two parties enter Into a relationship. . Family Is a group of two people or more related by birth, marriage, or adoption and residing together. Household refers to all people who occupy a housing unit regardless of relationship. They should be viewed different because people that live together doesn’t necessarily have to be related, which makes it a household. 3. The United States include fewer marriages, fewer children, later age of marriage, which causes an increase in single-parent families and step families. 4. Marriage is in decline. 5. The positive effects of family of origin Is high levels of parental affection during holding are associated with an improved ability to regulate negative emotions in childhood, high levels of parental warmth during childhood are associated with better physical health in adulthood, parents who are involved in their children’s school activates have children with higher educational aspirations, and children whose parents model and explain financial tasks to them are better prepared to take on financial roles and responsibilities themselves. The negative effects of family of origin Is early exposure to violence in the family correlates with positive attitudes award marital violence, mothers with maladaptive eating habits may increase the likelihood of their daughters developing disorders, lack of parental affection and high levels of conflict at home may result in poor emotion regulation and maladaptive coping styles, children from divorced families are more likely to get divorced themselves and people who perceived their family of origin as less healthy are more likely to have negative attitudes toward marriage. . Families fulfill economic security, social prestige and status, education, recreation, and affection. . A race Is a group of people who are classified according to their skin color. An ethnic group is a group of people characterized by cultural factors, such as language, religion, and shared customs, that are passed from one generation to the next which can impact the definition of family. 8. Structural functi onalist view the family as a system that promotes the maintenance of society, with the traditional nuclear family as the Ideal form. Conflict theorists believe that individual family members are Involved In a instant power struggle and that conflict within families is necessary because it results in change and adaptation. Symbolic interactions believe that individuals develop a sense of self through their interactions with others. 9. The perspective of society, the perspective of small groups, and the perspective of the individual can be used to define families. 10. It has been said that step on it is the chilly of civilization. But In nutshell we can say that It’s a distinct way from another (pronominal) human pick out his rush, as it is given by other person. So it becomes the pop out of his identity. This identity influences several aspects of the hereafter such as society, politics; etcetera American society has endlessly been enriched by its waves of immigrants. And hence at that place is a requisite for statistics due to its evolution and diversity. Therefore the authentic bodily characters, the alleged (pronominal) unit characters, such as cranial profile and size, stature, the proportions of the baseless automobile trunk and the relative length of the limbs, eye excuse (blue, gray, Rene, low-spirited or BRB owners eyes), the lips, sensory hair color and texture, irrupt form,? skin color, facial type, absence or abundance of body hair, etc. Races were almost universally considered to reflect group differences in moral character and intelligence. Let’s consider and cause session an example of Nordic or Baltic subspecies. 11. The â€Å"golden age† of the asses was also a contributing factor to rising divorce rates in the asses and asses. When soldiers returned from the war, many omen were forced to give up their factory Jobs to make way for the returning veterans and encouraged to stay at home and assume domestic roles. As a result, birth rates increased and the average age at first marriage decreased. 2. Although they all appear to be closely related to reality to me, I would have to say functionalism. 13. The family stress is related to work obligations. Changing the attitudes by less long work hours, more family time, and household management in the workplace could be done to reduce or eliminate these stresses. 14. Yes, one loud argue that the strong reduction in community/neighborhood ties has impacted the strength of American Families. The community IS the American family. 15. Yes, it is best for a researcher to conduct both the qualitative and quantitative studies. 16. Qualitative research is likely based on the theoretical perspective. 17. A. Ask a question about a specific topic B. Do background research on the topic C. Formulate a hypothesis. D. Test your hypothesis by conducting research and gathering data. E. Analyze your data and decide on a conclusion. F. Write up the results. How to cite American family, Essays American family Free Essays There exists some fundamental differences between the 21st century American family and the 19th Century or early 20th Century American family. In sociological, political fronts, issues ranging from racism to cold war characterized the American family of the 1963. Eating habits were different and were influenced by economic activities as was the transport means commonly in use then. We will write a custom essay sample on American family or any similar topic only for you Order Now Back then, the typical American family was mostly made up of parents and children with a high affiliation to the extended family compared to today’s family. Back then the gender equity debate had not gained prominence. The male was widely considered as the sole bread winner and very few women compared to today were working although it is around this time that there was an upsurge in the number of women pursuing career lives. The American nation was back then an industrial power and therefore tasks for a husband included working in the industries, participating in various political meetings then dominated by the segregation debate. Depending on personal interest, political movements were something the ordinary American would participate in. Major cities in America had started experiencing transportation crisis by 1963, which means the average American was not walking to work as they owned automobiles especially those in the urban settings [Wilentz, 1984. 436-440]. The road transport was one of the widely used means of transport although for movement further outside the major cities, railway transport was a major transport mode. Air transport was not widely used as it is today, as the aviation industry was still not very developed. In the 1960s most women and indeed the girl child was not treated the same way as men by the society. The girl child was viewed as fit for some professions. It was rare to get women competing in some fields like medicine or engineering and indeed the military. Women were constructed by the society as the weaker sex and only suitable for some professions such as nursing and education. The above can be attributed to the lack of strong forums for women to express themselves as well as lack of enough role models for the women. The media back then played a very important role in the lives of the Americans, by 1963, most families owned television sets. Although the flow of news was not as swift and faster as it is the case today, nevertheless most Americans had access to radios and TVs. The limited flow of information into and out of the US meant that most families could not quite comprehend and therefore appreciate other cultures. The above can be attributed to the not so advanced technology as compared to today’s era of internet technology. The education system in 1963 was not very different from what it is today although many amendments have been introduced to the education act. Overly the education system as it existed in 1963 left room for infiltration by racism and marginalization of the racial minorities. For instance in some states racial minority children would be openly denied access in white dominated schools, colleges and universities. Therefore where children would attend school largely depended on amongst others; social background. Overly, the society was not as sensitive to the disabled children to the special needs children as compared to today’s education system. Famous music bands such as the Beatles spiced American entertainment lives. Rock and pop music was what engulfed revelers and especially teenagers. Cinema had also gained popularity as a source of entertainment in the USA. Under the leadership of John F. Kennedy, America was experiencing a lot of political, social, environmental and economic activities. Generally, by 1963, the economy had shown signs of improvements and culturally people where having a more quality life. There were a lot of campaigns geared at fighting for total elimination of all forms of segregation something which often resulted into arrests of crusaders like Martin Luther King Junior. Back then getting admission to University was very much determined by one’s racial background. The year also saw the assassination of John F. Kennedy in November 22 and the swearing of Lyndon Johnson as the 36th President of the USA. It is worth noting that during this time, the country was just recovering from an economic depression suffered as a result of the world wars. Americans were awakening on matters like imperialism, civil rights and gender equality. Due to the ideological differences between the Soviet Union and the US a lot of government expenditure was directed towards military activity and covert missions something which might have influenced the onset of the Vietnam War. Americans are today faced with great nutritional problems, compared to 1963 the number of children who are obese and overweight is on the increase. This is not a 21st century problem; it started in the 1960s although the popularity of fast foods has made it look like a 21st century problem. The most common foods back in 1963 included pizza, hamburger, chocolate, coffee for breakfast, and wines and spirits [Cavan, Shonle1969, 79-99]. The children attended schools according to their parents’ abilities although public schools were the choice of majority as they were affordable compared to private schools. In the 1960s Americans had shifted from eating traditional foods to eating of processed foods something which can be attributed to busy lives. There was an increase in obesity incidences in late 1960s, a problem which persists up to date. Of interest also is the fact that more Americans had started to use microwaves to cook, atleast not many used wood stoves. Since a significant portion of the population was still working in farms, fresh farm produce was in big supply and therefore most families included in their meals fresh vegetables, fresh meat, milk, poultry, eggs and butter. Soft drink intake also gained popularity as people became busier and fast food restaurants became very popular. Due to mechanization of farming, food prices went down as the country become self sufficient in terms of food supply (Sanjur, 1995. 45-67). Also fruit and vegetable meals were common as more and more Americans began to appreciate health eating habits. Conclusion The American family has evolved a lot since 1963 up to date. Change is evident in the way people dress, eat, and the way they view the external world. A lot of the above changes have been occasioned by technological advancement, globalization and the advent of internet. The economy has also grown a lot and today more American families earn above average in terms of finances meaning that they can afford a quality life. Works cited Cavan, Shonle, R. The American Family. New York: Thomas Y. Crowell Co. , [1969. 79-99] Sanjur, D. Hispanic Foodways, Nutrition, and Health. Boston . Allyn and Bacon. [1995. 45-67]. Wilentz, S. Chants Democratic: New York City and the Rise of the American Working Class. New York: Oxford University Press. [1984. 436-440]. How to cite American family, Essays

Web Programming Framework

Question: Describe the advantages and disadvantages of web programming framework. Answer: Introduction Web Programming Framework or commonly known as Web Application Framework is nothing but a Software Framework which has been developed to support the designing and development of web resources, web services, web applications and dynamic websites. This framework is targeted to support the general activities which are performed in the web development. For example, there are frameworks which provides templates for certain activities, some frameworks do session management, some includes libraries which are very much important for accessing the databases etc. Earlier, with the advent of World Wide Web, static web pages were developed with the use of HTML (Hyper Text Mark-up Language). However, to promote two way interaction and include dynamic activities, CGI (Common Gateway Interface) was introduced (Balat 2009). For this purpose, at the same time, many web based languages started to be developed. A few which were started initially are WebBase, PHP, Cold Fusion, Active Server Pages etc. At present, the developers have a large number of languages available to them to create dynamic web pages. The web applications however, require a lot of libraries to be compiled so as to generate certain activities. Today, a lot of platforms and languages are there which provide a completely compiled version of web development framework which allow the developers to perform all the activities at a single standalone platform. Example of these are WebObjects, ASP.NET, JavaEE, Django etc. Architecture of Web Programming Framework Three Tier Organization In case of Three Tier Organization, the applications are generally developed around 3 tiers of development namely, application, database and client (Cooper 2007). The client is generally web browser which have the functionality to run the HTML pages which are in turn created by the application layer. The application layer contains the main logic and is present at the server side. The database is generally Relational Database Management System (RDBMS). Model-View Controller A lot of frameworks follows the Model View Controller pattern to differentiate the user interface with the data model. It is a best practice to perform code modularization, perform reuse of the codes etc. This is most used model (Fensel, 2002). Types of Web Programming Frameworks Some of the notable web programming frameworks are C, C++, Java, JavaScript, ASP.NET, PHP, Perl Python, Haskell, D etc. These web programming languages are used by the developers all around the world to create web applications and for providing web based services. The web pages are developed with the use of the frameworks and corresponding database and server layers. These help in the creation of static as well as dynamic web pages which helps the user to interact with the web content. Static Web pages are the ones in which there is only one way communication and transfer of information i.e., from the server side to the user side. However, in case of dynamic web pages, the interaction is two way. The queries from the user or client is processed by the server and appropriate response is sent back to the user. These promotes highly interactive sessions during web surfing. The web applications received a big boost with the evolution of web programming frameworks mentioned above as they helped in the creation of web colony by promoting web based chats and forums (Prosise 2002). The most used among the above mentioned frameworks are ASP.NET and Java in association with HTML, C# etc. These frameworks collectively is used for more than 90% of web applications development. The use of the web programming framework is much more in todays world where the advancement in technology is going on at an exponential pace. There may be many more improvements in the existing web programming frameworks in recent times so as to cater to the increasing demand of the users. Advantages of Web Programming Framework There are obviously more advantages then disadvantages of using the Web Programming Framework. Some of the notable advantages are as follows: It provides the developers with great opportunity to generate complex codes due to the presence of function call which comprises of 100 of lines of codes within. The developers get the functions from the framework directly without having to rewrite the entire code for the function (Fensel 2002). The frameworks help the developers to develop the websites and other web applications in a small period of time if required. It contains a lot of pre defined tools which helps in easy development of the web applications (Cooper 2007). Before the advent of these frameworks, the cost of any website or web application development was too high but now the cost has gone considerably down. This results in passing down the margins in form of discounts to the customers which in turn is bringing more customers in the web space. Disadvantages of Web Programming Framework There are obviously more advantages then disadvantages of using the Web Programming Framework. Some of the notable disadvantages are as follows: The presence of varied pre-coded functions are leading to the loss of understanding of the basic codes behind those function in the developers. While using the pre-configured functions, the developers are now not at all bothered about the entire code which is present beneath that function (Balat 2009). Going further to the above point, the developers today are finding it difficult to implement the same solution outside the framework. They are losing the basic understanding which is proving to be very much disadvantageous for them. The frameworks are standard and any customization to the building blocks of the framework is near to impossible. This restricts some developers to carry out certain activities. Conclusion The introduction of the web development framework has come as a boon to the developers. On a larger view point, the entire web society has been reaping the benefits of these frameworks in the last decade. With these frameworks and a few modifications, the world is looking at some more advancement in the web applications and services domain. References Balat, Vincent, Jrme Vouillon, and Boris Yakobowski. "Experience report: ocsigen, a web programming framework." ACM Sigplan Notices 44.9 (2009): 311-316. Barbarosogcaron, G. "A two-stage stochastic programming framework for transportation planning in disaster response." Journal of the Operational Research Society 55.1 (2004): 43-53. Battr, Dominic, et al. "Nephele/PACTs: a programming model and execution framework for web-scale analytical processing." Proceedings of the 1st ACM symposium on Cloud computing. ACM, 2010. Cooper, Ezra, et al. "Links: Web programming without tiers." Formal Methods for Components and Objects. Springer Berlin Heidelberg, 2007. Fensel, Dieter, and Christoph Bussler. "The web service modeling framework WSMF." Electronic Commerce Research and Applications 1.2 (2002): 113-137. Liu, Hua, and Manish Parashar. "Accord: a programming framework for autonomic applications." Systems, Man, and Cybernetics, Part C: Applications and Reviews, IEEE Transactions on 36.3 (2006): 341-352. Miller, Robert C., and Krishna Bharat. "SPHINX: a framework for creating personal, site-specific Web crawlers." Computer Networks and ISDN systems 30.1 (1998): 119-130. Prosise, Jeff. Programming Microsoft. NET. Microsoft Press, 2002.