Role of commercial banks in causing the financial crisis Term Paper

Role of commercial banks in causing the financial crisis - Term Paper Example On the other side of Europe, the G7 financial ministers have assumed the crisis to be an American problem until much of the European banking system effectively collapsed. In countries such as Germany, the bailing out of the major industries including the Hypo Real estate as well as European mega banks came to hit them hard as they are the big lenders. Other nations like Britain emulated what was happening and commendably made their banking systems to become national. By October 2008 many of the European countries including Canada had gone so far as to guarantee not only the deposits but as well the debts of the banks as well. The financial system in the world is the umbrella body that will be concerned with how all the institutions that deal with finances will work including the borrowing of money in the form of loans that will be repaid in a period that will be short or relatively longer. At times, the webs of debt and credit have always been fragile in times of panic, spreading problems from a part of the global economy to the other. The reason that is responsible for this is that when one link in the very intricate chain becomes weak and breaks and defaults on some debt, it can leave creditors hazardously short of funds, unable to assure the credit of other firms. In this way, the consequences of one failure can spread throughout the entire economy and hence the entire money market (Roubini and Mihm 117) . There are always marketing risks arising when financial institutions trade assets and liabilities as well as derivatives as opposed to holding them for longer investment, funding or hedging purposes, (Saunders and cornett 184). When this happens, the financial institutions are assumed to directly control the maturities of their assets and liabilities as well as the interest issues are concerned. As interest rates fall, many mortgage borrowers seek to repay their existing loans and refinance at a lower rate.

Outline the key arguments of Plato - Analyze the above arguments given Essay

Outline the key arguments of Plato - Analyze the above arguments given Plato's main theses - Compare those arguments to Butler - Essay Example According to him, the difference between a man and woman is merely biological, whereby both sexes play certain roles during procreation. Consequently, this thought and understanding of gender as irrelevant prompted numerous intellectuals to conclude Plato was a feminist. Primarily, this is because of his argument regarding inclusion of women in assuming similar roles towards nation building without considering humanity’s biological discrepancies, which are beyond human intervention. Women ought to have equal say similar to their male counterparts, as per Platonic argument. This is because they are capable of delivering as necessitated besides talented enough to exceed society’s expectations (Jowett 106). Consequently, this prompted Plato among all other philosophers to emerge as the modern day’s democratic ancestor due to his perspective regarding female gender’s consideration into public affairs. However, in the execution of same duties or roles by both s exes, Plato seems to have a soft understanding concerning jobs’ allocation without giving a clear explanation. Thus, women and men guardians cannot tolerate similar severity of their respective jobs’ environment, whereby the latter’s environment is a bit tougher than the females’. ... Are there roles in the city that are particular to women and men because they are women or men? Besides Plato’s strong stand regarding gender irrelevance in the allocation of jobs and undertaking of diverse roles in the society, he admits that each sex has a responsibility to undertake. Mainly, these roles basis encompass biological differences where women, according to Plato’s arguments, embrace the role of mothers and wives. These roles are irrefutable, and nature dictates them to assume that course; hence, they are beyond human intervention. However, for other roles, especially those that encompass diverse city’s tasks, Plato emphasize consideration for gender equality. However, his argument did not imply he had in mind the position of woman in the society; instead, his intention was strictly to involve them in the kallipolis affairs. Plato’s perspective entailed women’s capability and not their liberation as it is with numerous contemporary femi nists. This is evident from Plato’s deprecating attitude towards women, which comprised his nature. Plato’s advocating of gender equality was a way of ensuring that justice prevails in all sectors where women will be able to contribute constructively. Why does Plato make the argument that he does? Plato’s main concern is to ensure justice and development in kallipolis with the involvement of both sexes. Thus, he deemed the authorities would prove to be fair via accommodating every person to contribute constructively in doing what one thinks he or she is proficient in. This is regardless of sharing or assuming similar roles like that of a guardian where the authorities should not discriminate women

How Technology is Changing the Face of Business Today 2 Assignment

How Technology is Changing the Face of Business Today 2 - Assignment Example Technology has changed the face of business, through its ability to advance communication and reduce barriers to business opportunities. Technology has provided a platform for the transmission of crucial information for consumers and business people (Simon, 2011). The storage of information on computer files and virtual spaces has increased the accessibility of information to parties involved in business transactions. Additionally, the use of technological approaches such as e-mails allows businesses to communicate with remotely located people, offices and customers. Netflix is one of the companies that rely on information systems to conduct its business. The most crucial business process that relies on information systems is internet video streaming. The business provides internet video streaming to internet connected devices. These devices have access to online content provided by the firm (Jin, 2011). In order to offer this service effectively, Netflix recognized the need to use information systems. Customers do not have to purchase video discs from rental services. They only subscribe to Netflix, which gives them the content through an online platform. Technological approaches and innovations have led to changes in how businesses are conducted. Technology provides a platform for increased accessibility of information and increased ease of transacting a business. Companies such as Netflix have harnessed the abilities of technology to offer their customers exemplary services and

Company Law Issues Essay Example | Topics and Well Written Essays - 1000 words

Company Law Issues - Essay Example The question of majority rule and minority protection arises in the van purchase, mismanagement of Resort Ltd by Samson and Delilah and the sale of shares to prevent a take over bid. Another significant issue raised by this case scenario is the liquidation of â€Å"Crystal Ltd† which increases the level of scrutiny of director activity. 1. The relevant issue that arises here is the pre incorporation of the contract for the purchase of the van. Per Section 36 (c ) of the Companies Act of 1985, any contract made prior to the incorporation of a Company by a person will make the person himself/herself liable for said contract. Muddle has signed the sale document on behalf of resort Ltd, in February, when the Company was not formed. Moreover, Muddle is a minority shareholder with only 20% of the shares, he can only table resolutions, he cannot push them through. If the Articles of association of Resort Ltd do not provide him authority to make the van purchase, it should have been ratified at a Board meeting with requisite majority, otherwise it will not stand. The rule established in Foss v Harbottle1 provides minority protection in that a corporation can sue where a wrong arises that is ratifiable. However, since Samson and Delilah oppose the purchase, hence Muddle may be personally liable for payment on the van. 2. Mr. Muddle may be found guilty of a serious breach of fiduciary duty that is expected of a Director of Resort Ltd. He has used his influence as Director in order to derive personal benefit through the sale of the building in Mislington to Restore Ltd, to the tune of 250,000 pounds2. Section 317 of the Companies Act of 1985 also places on directors a statutory duty to reveal any interest, profit or financial advantage accruing to them by virtue of their position. Therefore, by using his position to influence the purchase of the building in Mislington which he owns, he has breached his fiduciary duty and

Relationships between climate and river flow in the Alps Essay

Relationships between climate and river flow in the Alps - Essay Example annual totals of river flow (discharge) in the Massa, which drains from Grosser Aletschgletscher, measured at Blatten-bei-Naters, for the same months ( x 106 m3 )(C). Annual totals of river flow in the Gornera, which drains from Gornergletscher, measured 0.75 km from the glacier terminus, for the months June through September( x 106 m3 )(D), and annual totals of precipitation (mm) between October (year-1) through May of the given year at Grà ¤chen (E), often called P10-5. Both of the glaciers are in tributary valleys of the upper Rhone basin in Kanton Wallis, Switzerland hence are likely to have had very much the same pattern of climatic events over the 30-year period. Hence, runoff from the two basins is likely to be strongly correlated. The Swiss Alps lie within Switzerland and the north is drained by Inn, Rhine and Rhone rivers, which empty into Black and Mediterranean seas whereas the south is drained by Ticno River, which empties into Adriatic Sea. The pattern for Gornera river flow is uniform over the 30 years period with the highest flow being at around 1993. The flow for river Massa is however not keeps changing at quite big margins over the period. Both rivers however have the highest flow at around the same period, which is in 1993. (5) Calculate the Pearson’s product moment correlation coefficient between the two series. [Choose an empty cell on the spreadsheet – say G1 – and clickthere. In the text bar type = and then select CORREL from the drop down menu. Correlation coefficients are usually reported to two decimal places. Format cell number, decimal places 2, enters]. How well are the two series correlated? Are there any periods when the series are not moving in tandem? The Pearson’s product moment correlation coefficient shows the correlation between two variables. (6) Summer discharge from glacierised basins is likely to fairly strongly influenced by energy availability for melting snow and ice. Plot the xyscattergrams

Culture and American Foreign Policy Essay Example | Topics and Well Written Essays - 250 words

Culture and American Foreign Policy - Essay Example America is a migrant society where every citizen has the right to do anything they want, provided they do not infringe on the rights of others. Â  For instance, America is one of the few societies where citizens are constitutionally allowed to own guns for personal and property protection. Â   It is this same projection and protection of freedom that manifests in American foreign policy. A good example of this is the Middle East where the U.S is involved in multiple wars. While there are other factors contributing to these conflicts, the primary reason is the liberation of Middle Eastern people from tyrannical governments, in line with the American culture of liberty for all. Â  Another example is in the Far East. As part of American foreign policy, the United States maintains permanent military basis in both Japan and South Korea. It does this as a protection to both countries from North Korea and China. What is the common difference between China/North Korea and Korea/Japan? The answer is a culture of liberty. China and North Korea are against a culture of personal liberties and hence, are a threat to South Korea and Japan. Â   These scenarios replicate across the world where the United States has a strong show of might in enforcing its foreign policy. On this basis, it is safe to argue that, cultural factors help explain America’s interaction with the outside world. Â  To test this assertion empirically, one can use quantitative techniques to analyze secondary data on U.S foreign interventions.

Philosophy Term Paper on Stereotype Encounters

Philosophy on Stereotype Encounters - Term Paper Example Individuals being stereotyped will feel that their behaviors are judged on the basis of their negative attitude instead from the basis of their personal merit. When people feel stereotyped their performance is undermined as they will feel their actions are under a lot of scrutiny, and this makes them loose their self esteem which will undermine their productivity (Dovidio et al, 2010). Stereotyping will make a person feel like a victim of social identity, and they will feel inferior if they are not able to cope with the stereotype and this will undermine their capability to make sound decisions and their productivity in the activity they are undertaking (Kemick, 2010). I have encountered various stereotypes the first one being that all Arabs and Muslims are terrorists. After the September 11 attacks in the United States, Muslims and Arabs have been stereotyped and have been rejected by other communities. The attacks were staged by the al-Qaida, which is a Muslim group and from this d ay people have had the notion that all Muslims are terrorists. This has denied Muslims many opportunities as people fear that they will attack them as they are connected to terrorists. After the attacks Muslims were under great scrutiny and they are treated with fear and rejection. Even the authorities at airports double checked their luggage and this made them fall victims of sterotyping.it was evident to note Muslims being stopped by police more than people from other cultures. This stereotype has had a negative impact on Muslims as it messes up with their self confidence caused by the belief that they are being sidelined or rejected by the community, and this undermines their