Wednesday, October 30, 2019

UK's over-Reliance on Deregulation and Current Economic Crisis Essay

UK's over-Reliance on Deregulation and Current Economic Crisis - Essay Example Debt accumulated in the deregulated industry of the United Kingdom through the rising acknowledgment on the amount of bad debt in the system was much bigger than that it was previously presumed to be. Sequentially, confusion arose amongst the United States financial regulators concerning the approach to be used to react to the increasing number of borrowing defaults. Reluctantly driven to make mortgage corporations Fannie Mae and Freddie Mac public, they suddenly swapped to permitting prominent investment banks Lehman Brothers to fold (Kilmister, 2008). 3. Crisis in European banking system The European banking system deteriorated into a downturn in three ways. Firstly, the intensifying tide of bad balances put the banks at risk of bankruptcy. Secondly, the clear change in the Federal Reserve policy from the previous save from bear sterns formed a panic in the inert-bank borrowing market. The United Kingdom was doubtful on which banks could withstand the bad debts and stopped the lend ing services that they offered, leading to an entire market seize up. Thirdly, stock market financial speculators also dreaded losses, hence drawing back from their shares. Bank regulation is grounded on the notion of borrowings can just be a definite amount of bank capital and such a situation is bound to go through a substantial decline in shares and ultimately reduce capital by a great extent. Bank borrowing in the European market decreased significantly ending in further risks of the stability of the financial system in the United Kingdom. While these issues were mainly experienced the US and UK only, the real estate sector shot up, and bank deregulation had been particularly strong in continental Europe....This paper aims to establish set of necessary measures, that should be taken by the government in order to to battle the ramifications of the economic Crisis in the UK. It is argued in the paper, that the level of deregulation in the monetary sectors of the UK had aggravated the economic impacts of the crisis. Financial modernization has enhanced liquidity and facilitated investors to spread risk of venturing in the financial sector through intercontinental diversification. The disadvantage of the approach is that worldwide implications of the present crisis are more reflective of past economic depressions. The spending cutbacks by the government were observed to be essential by contrasting the economies’ of United Kingdom with Greece and Ireland. Outside the Euro market, the United Kingdom faces a much superior flexibility on other financial markets apart from the bond markets. It is apparent that the objective of the government was to have the least level of state participation in the economic sector and provide subsidies that could be used to reinstate commercial and central banks to profitability positions, in anticipation of a rapid sale of the government’s ventures. The new regulatory protections rushed by the UK`s government have been implemented with the aim of preventing the outburst of another financial crisis. The new policies enacted by the governments have established an economy not ready for a financial crisis. The policies have created room for perhaps a much worse crisis in the future.

Monday, October 28, 2019

Pramoedya Anata Toer Essay Example for Free

Pramoedya Anata Toer Essay Inem, is a short story written by Pramoedya Anata Toer. He was a Indonesian short story writter and a novel writer, born in a village called Blora. Blora was the village in short story where (Gus Muk), his mom, and Inems family lived in. The author refers to his culture and events about his life in the story. His father in real life is a activist who ruined his family by obsessive gambling. Pramoedya writes alot of Indonesian literature. The aspects of culture in Inem, is the tradition of child marriages. In some parts of the world child marriages was a tradition. Girls at a young age were supposed to marry an older boy. The story also shows the reader some of the cultural aspects such as popular entertainment and dances in her area. The characters in the story are, Gus Muk (age6) a boy, also the narrator who basically trails Inems life. Inems father who is a criminal and gambles alot, her mother who lives off batik work and helps the family, and Markaban (age17) who is Inems husband. Lastly theres Inem (age 8) a so called beatiful girl in the neighbor hood who had great manners. Inem is in search of happiness with her new life and husband but ends up being a beaten divorcee. Overview/summary Its a story told in second person perspective about a beautiful young girl (Inem) who is a servant to a boy (Gus Muk) and his mother. In the story Inem is so beautiful and respectful and able to do many things but is only eight years old and Gus Muk is six. Eventually her mother found a man named, Markaban who is seventeen years old. Her mom did not want to let this marriage go so she wants Inem to get married so she can help her familly at home. Inems family and the husband family both accept the marriage. Inems father was a criminal who robbed people in the forest, but was never arrested. Inems mother had a talk with Gus Muks mother to try and get her to come home. The boys mother disapproves of the marriage and does not want Inem to go on with this. Gus Muks mom said Its not right to make children mary repeatedly. Inems mother said that it would be a shame for her not to be married at such a old age. Inem was later taken home to prepare for her wedding day. Gus Muks mom did not want him playing with Inem but that did not stop him from going over to play. The day before the wedding Gus Muk sent her family five kilos of rice and twenty-five cents as a gift. The day of her wedding came, and everything was going well, the house was decorated, the tajuban dancing girls was the entertainment, and finally Inem and her husband get married. Inem was officially married and worked with her mom making batik. Every night Gus Muk and his mother listen to screaming and crying when Inems husband wrestles with her. She comes crying to Gus Muks mom and tells her that Markaban beats her and she tells her to go back home and serve Markaban faithfully. Inem comes back again but finally divorced with her husband, and asks if Gus Muks mother can taker her back, but Gus Muks mom denies her request and sends her back home. Inem gets beaten by anyone who wanted to, her family and neighbors could because she was a burden to the family. Although she cries and screams she never came back to Gus Muks house.

Friday, October 25, 2019

The Unconstitutionality of Capital Punishment Essay -- Argumentative P

The Unconstitutionality of Capital Punishment Capital punishment is one of the most popularly debated topics in the nation today. Since colonial times, more than 13,000 people have been legally executed. A large percentage of these executions occurred during the early 1900's. In the 1930's, as many as 150 people were being legally executed every year. However, the number of executions started to decrease as public outrage became apparent. In 1996, thirty-seven states, including New Jersey, legalized the death penalty. Of the other thirteen states, Michigan abolished the death penalty in 1847, Minnesota in 1853, and Alaska and Hawaii never had the death penalty. Today, there are over 2,000 people on "death row." Almost all are very poor, and a significant number of them are mentally retarded or disabled (ACLU 1). The American Civil Liberties Union (ACLU) dictates that, "In all circumstances, the death penalty is unconstitutional under the Eight Amendment, and that its discriminatory application violates the Fourteenth Amendment" (1), and therefore, capital punishment violates the Constitution. Capital punishment should be illegal throughout the nation for many reasons. Capital punishment has many supporters. One of the major arguments that these supporters express is that the death penalty serves as a deterrent to crime. They argue that if the death penalty is legalized and practiced, it will discourage others from committing a crime. However, by comparing the data of the states with the death penalty and the states without the death penalty, one can easily see that the death penalty has no effect in deterring crime. According to the National Research Council in 1976, "the available studies provide no useful evidence on th... ...deterrence, it is incapacitation(Kaminer) C. Human judgment is not infallible 1. The risk of executing the innocent is too high. 2. The death penalty is final-no way to reverse. 3. Death Penalty and Sentencing Information study. D. Unconstitutionality 1. Violates the Eighth Amendment-"prohibition against cruel and unusual punishment(Litardo). 2. Violates the Fourteenth Amendment-"guarantees of equal protection of the laws and due process"(Litardo). E. Discrimination 1. Gender discrimination(Bedau). 2. Racial discrimination(Bedau). 3. Socio-economic level discrimination(Bedau). III. Conclusion A. Capital punishment is not an effective way of approaching the crime problem. 1. Capital punishment has many different difficulties as an attempt to decrease and prevent crime 2. Capital punishment should be illegal throughout the nation.

Thursday, October 24, 2019

Kowloon Motor Bus Co. Analysis

The Kowloon Motor Bus Co. (1933) Ltd. (KMB) is the largest public bus company in Hong Kong. KMB carries over 2. 8 million passengers per day and operates some 4,000 buses on 400 bus routes cover and across Kowloon, the New Territories and Hong Kong Island. KMB is the only local bus company to hold both ISO 9001:2000 and ISO 14001 certification and has earned the distinction of being one of the few public bus companies in the world to operate profitably without a government subsidy.Innovation – The Way Forward. As a leader in public bus operations, KMB pioneered the development of super-low-floor easy access buses in 1996 to provide comfortable access for people in need. To extend the company's service network without increasing the number of buses on the road, and to offer passengers the convenience of point-to-point travel, KMB operates 61 Octopus Bus-Bus Interchange fare discount packages comprising about 250 bus routes. Cost advantage: To streamline operations and track cos ts, the company uses a computerised Bus Maintenance Management System and an electronic Traffic Operations Management System.These in-house innovations have won acclaim from the Hong Kong Computer Society. Brand loyalty: Outstanding Customer Communications KMB has developed web-based and face to face communication channels to complement the company's widely used award winning Customer Service Hotline. The 24-hour KMB Customer Service Hotline uses geographic information technology in the form of a digital map Passenger Enquiry (PEQ) System to uphold its pledge of first contact resolution for customer enquiries.The system is equipped with 3-D images of over 100,000 landmarks to provide prompt and personalized bus route information. Since its launch, the digital map has won wide acclaim in local, regional and international awards for technology innovation, and the KMB Customer Service Hotline was recently named as the best contact centre of its class in the world. KMB, the winner of th e CILT A ward 2007 – Passenger Transport Excellence organised a Depot Visit and Presentation Session to share their environmental protection works with CILTHK members on 29th March 2008.At the event, KMB was presented with the logo of CILT Award 2007 for use throughout the year to strengthen their reputation as well as a corporate image for their quality service provided to the community. Competitors: Taxi services We observe that in the past 10 years or so, rail, franchised and non-franchised bus and PLB services have all been extended and improved. Against this background taxi services (the vehicle, passenger facilities and the driver's service and driving skills) have changed little. The earlier competitive advantage taxis had as convenient, air-conditioned services has been substantially eroded.Furthermore, the fare is no longer competitive on longer journeys, leading to fierce competition between taxi drivers through discounted services. A better operating environment fo r taxis, thereby allowing them to provide better service to passengers in accordance with the policy objective of providing a personalized, point to point, public transport service. The flexibility and personal service provided by taxis make them ideal for this purpose, provided a suitable vehicle can be found. Once introduced, subsidies may be made available to facilitate those in wheelchairs using the service.

Wednesday, October 23, 2019

Tennis Ball Drop

Tennis Ball Inquiry Goal Purpose When received this lab we had to come up with an experiment that would have to involve testing two tennis balls but one of the tennis ball had to be altered in one way. The way we tested the tennis ball was by dropping them from a certain height and seeing how high they bounce back up. We then would make a graph and then see the relationship between the data.Once finding the relationship we can then linearity the data. This was initial practice for our next ELSE. Variables Our independent variable for this experiment was the height we had dropped tooth of the tennis balls from. The dependent variable was the tennis balls. One of them we left untouched and the other one was soaked In water before each drop. Procedure To setup the experiment we had to use three meter sticks and two standard tennis balls.We took all three of the meter sticks aligning them vertically up against the wall. Taping them into place we were then able to use them to measure the height of the dropping point. Using our eye sight we had to determine how far up the ball bounced up on the meter stick. We then proceeded to find three appropriate heights to drop then tennis ball at. Dropping it three times at each height and then averaging the data. On the soaked tennis ball we would soak the ball for two seconds before each drop.We also measured the weight of each ball before dropping them. After doing this 3 times each and receiving our averages we were able to create our data and see the relationship between the two. Data The ball that wasn't soaked weighed and average of 5. 4 grams. The soaked ball averaged the weight of 5. 9 grams.