Thursday, November 14, 2019
The Womans Role In Macbeth :: Free Macbeth Essays
The Woman's Role In Macbeth à à à à à à à à William Shakespeare's, Macbeth, is a play full of betrayal and deception. It is a story about Macbeth's desires to achieve greatness and become king. Despite his involvement in actually committing the treasonous acts, he cannot be held accountable.à However, if it were not for the deeds of a woman at one time or another, Macbeth never would have involved himself with acts of treachery. à à à à à à à à From the opening scene, we begin to see the role that women play in Macbeth.à The three ugly witches are gathered in a thunderstorm cackling greedily over their evil plans. Their chant of "fair is foul, and foul is fair" illustrates how women perform acts of ugliness and evil to achieve disorder.à In addition, we see that women can cloud reality, thus causing deceptiveness in the "fog and filthy air." à à à à à à à à In Act I, scene 3, we again see the feminine presence through the witches. This time, however, they are casting spells on a poor sailor because his wife cursed one of the witches and refused to give her some chestnuts. Chances are, that if women are fighting, a man will suffer for it.à Just then, Macbeth and Banqou see the witches and engage them in conversation.à The witches greet Macbeth with, "Thane of Glamis" (his present title), "Thane of Cawdor" (his soon-to-be announced title), and the prophesy that he will be "King hereafter."à They also greet Banquo with, "lesser than Macbeth, and greater," as "not so happy, yet much happier," and tell him "thou shalt get kings, though thou be none."à How would the witches know of their future?à Perhaps they were trying to plant an idea in Macbeth's head that would later lead to certain calamity. à à à à à à à à After Macbeth discovers the witches' first prediction came true, he begins to aspire to realize the next prediction of becoming king.à Already, because of the women, Macbeth begins to entertain the idea of such power. Macbeth later informs his wife of his encounter with the witches and their predictions.à Because Lady Macbeth likes the idea of becoming queen, she encourages Macbeth to kill Duncan.à Just like a woman would do, she begins to put her own interests before the well-being of her husband.à She tells him that he must kill Duncan, which he eventually does with great hesitance.à Even after he commits the deed, she maintains that what he did was rational, and thus
Tuesday, November 12, 2019
Globalization: the Making of World Society – Book Review
Running Head: GLOBALIZATION: The Making of World Society Review Essay: Globalization: The Making of World Society Part One: Summary Introduction Since the industrial revolution, the structure of world has been constantly evolving and progressing. The spread has involved the interlacing of economic and cultural activity, connectedness of the production, communication and technologies around the world, and it is now known as ââ¬â globalization. The book I chose for this particular essay is Frank J.Lechnerââ¬â¢s, Globalization: the Making of World Society first published in 2009. Author Frank J. Lechner was born in 1958 in Amsterdam, Netherlands and is the director of Graduate Studies & Professor Department of Sociology at the Emory University in Atlanta. In 1982 he earned his Master in Arts degree in Sociology at the University of Pittsburgh followed by a Ph. D. in 1985 in sociology as well. Most of his focus lies in global culture, change, religion and theory. One of his most r ecent researches involved national identity, specifically concerning the Dutch.In addition to publishing Globalization:à The Making of World Societyà (Wiley-Blackwell, 2009), Lechner is the authorà The Netherlands: National Identity and Globalizationà (2008), andà World Culture: Origins and Consequencesà (with John Boli, Wiley-Blackwell, 2005), as well as numerous papers on religion and sociological theory. Book Summary In Globalization: The Making of World Society, Lechner talks about the processes that unfold in a wide range of fields such as sports, media, food industry, global economy, environment and religion due to globalization.He describes its effects on everyday experience all around the world and demonstrates how globalization is also generating new discourses, cultures, and state policies. He explains globalization as a part of a still-greater transformation, both technical and social. Lechner wrote this book and divided it into three main parts: Global Experi ence, Global Institutions, and Global Problems. Each of these three parts is further divided into few more sub-topics such as for example, food, sports and media in Part I.In the first part of the book, the author describes the three ââ¬Å"wavesâ⬠of food globalization around the world. The first ââ¬Å"waveâ⬠, he describes as a ââ¬Å"waveâ⬠in which Jamaica became a ââ¬Å"sugar islandâ⬠at the centre of the global network. The wave started not with a desire for sugar but with a search for spices. Many European explorers lured into travel by the prospect of finding gold and silver and were able to not only bring precious metals home but have brought tomatoes and potatoes to the European diet.Another part of the first wave that the author talks about is when the Portuguese reached China and introduced maize, sweet potatoes and peanuts which later helped to sustain Chinaââ¬â¢s population boom. With the first wave of globalization, more people became globally connected in more ways than ever before. People in different parts of the world were able to taste foods from other continents. As the new links in globalization were beginning to become established, they benefited some and harmed many others. Early globalization thus began to create a global hierarchy.The second ââ¬Å"waveâ⬠which dissipated in the early twentieth century is described as the time in which the Dakotas became the bread basket of the world. Also, large parts of Canada, Argentina and Australia became a source of food and profit and by 1913 they produced more wheat than all of Europe. As globalization continued to spread, a global food system emerged, tying all producers into a network of interdependence. The world market created enormous wealth and leading nations, tied together through free trade, strove to safeguard their power by extending their imperial reach.The third ââ¬Å"waveâ⬠of globalization was called ââ¬Å"McDonaldââ¬â¢s in East Asia. â⬠In this section of the book Lechner talks about how with globalization nothing stays exotic as it standardizes experience through organized diffusion. Although the third wave incorporates a lot of what the first and the second waves started, it is unique in the aspect that a fast food restaurant such as McDonaldââ¬â¢s could be everywhere, yet nowhere in particular, as it helps deterritorialize eating itself ââ¬â a step beyond both first and second waves f globalization. Furthermore, in the section on sports and the direction of globalization the writer describes the way sports and in particular soccer, has grown from the homeland of England to a worldwide game with the same rules. He explains that globalization does not mean that global rules, organizations, or models just take over. The global connections of the world society do not substitute for local ties such as American football in US, rather they move in tandem.It is clear that in sports, globalization occurs in and through local and national settings as it adds another layer of connections and a new kind of shared awareness to the people in a certain society. In the last sub-category on global media, Frank Lechner talks about the role of Indian television, patterns in global television, and interpretations for global television as well as cultural imperialism. He describes the way the rights for television shows and programs such as ââ¬Å"Who wants to be a Millionaire? â⬠have been sold to well over 80 countries and have enjoyed great success worldwide.Many commercials and advertisements on TV carry subliminal messages that are aimed for a certain audience with a high degree of studying being put forward into the creation of the ââ¬Å"perfect commercialâ⬠. In Part II of the novel the author begins to unravel the complicated and sometimes confusing aspects of the world economy. He begins with describing the way China, a country with extraordinary size and history, transformed and r ebuilt itself after World War II at a time when broader reforms were sweeping the world hierarchy.He goes on to explain Americaââ¬â¢s three main goals in the post-war time: to make trade flow much more freely, to stabilize the worldââ¬â¢s financial system, and to encourage international investment. Moreover, Lechner describes the significance of Otto von Bismarck, chancellor of Germany in the late nineteenth century, and his role in introduction of accident insurance bills and health care bills in Germany which marked the beginning of rise of welfare states. He also outlines Rooseveltââ¬â¢s and Veldkampââ¬â¢s positions and their contribution in Britain and Netherlands respectively.Frank Lechner continues with talking about the way in which globalization creates a political opportunity for the left-leaning political parties, promising to ride to the rescue in a time when some argue that globalization dampens welfare nations, to rather strengthen these states. Another aspe ct of globalization discussed in this part of the book is education. Education plays a key role in todayââ¬â¢s society and with many people travelling with their high school kids to the United States and Canada in order to have a higher chance for a university or college admission, proves that in higher education a global market already operates.The next section of the second part of the book briefly describes global civil society and global governance. United Nations, according to the author, has taken on ââ¬Å"a larger law-making role than its founders had envisionedâ⬠. The direction of change proposed by such an institution does not always have the full consensus of relevant states in an issue, yet that change is toward more organization of certain fields above and beyond states. Part III of Globalization: The Making of World Society strictly focuses on global concerns.The author describes key issues such as global migration, inequality, environment, and justice. First o f the four issues listed is migration. The third wave of globalization witnessed a rise in migration, mainly from south to north along the gradient formed by global inequality. In this section of the book Lechner touches on the issue of redefining the national identity of a country as it is a goal in certain countries, which also links back to his previous two books: à The Netherlands: National Identity and Globalizationà (2008), andà World Culture: Origins and Consequencesà (with John Boli, Wiley-Blackwell, 2005).The second issue at hand in this section of his book is global inequality. In this section of the book the writer explains that globalization is essential for countries in the ââ¬Å"bottom billionâ⬠to catch up, yet there is no single success path for all of the poorest nations. In this chapter he clearly paints his main argument that ââ¬Å"globalization is not bound to make the rich richer and the poor poorer,â⬠and goes on to say, ââ¬Å"but if it is to lead to a more tangible ââ¬Ëworld societyââ¬â¢, it will have to help reduce poverty and inequality far moreâ⬠(Lechner, 241).The last two section of the book primarily touch on the effects of globalization and its interconnectedness with global environment and global justice. Lechner discusses environmentalism and the way countries such as China deal with the environment and society in a balanced way. He put forward an example of Three Gorges damn built in China which displaced 2 million Chinese people, created a reservoir of nearly 400 miles and supplies 20 times more energy than Americaââ¬â¢s Hoover Dam. as an example of what a county could do in order to decrease the environmental damage, yet at the same time take a risk of displacing 2 million residents of the area. Literature Comparison Globalization: The Making of World Society by Frank Lechner is his attempt to clarify the key issues surrounding globalization in a brief, accessible and critical analysis of a complex topic. From the research conducted, I it is safe to conclude that this book is not a reply to any other book proposed by other writers; rather it is his attempt to explain his point of view on globalization and issues proposed by it.Yet the author explaining his point of view represents one side of a bigger argument about globalizationââ¬â¢s effect on the world, but no clear intentions of proving a point to a specific person or institution has been noted. Main Argument(s) The main argument proposed by Frank Lechner is that although there are many issues around globalization as a whole, he believes that globalization is essential for the poorest nations to catch up. He is keen on his point of view, and thus goes on to explain that development is the only way to reduce economic inequality.Another part of his argument is that ââ¬Å"globalization is not bound to make the rich richer and the poor poorerâ⬠¦but if it is to lead to a more tangible ââ¬Ëworld societyââ¬â ¢, it will have to help reduce poverty and inequality far moreâ⬠(Lechner, 241). Part Two: Critical Analysis Personal Opinion After analyzing Lechnerââ¬â¢s work, there are too many factors that make an accurate prediction difficult. The industrial revolution and the global expansion that it created, is on a scale that has never been seen in history. As a result, new issues are created, while old issues are modified.The interdependencies between nations revolve around a free market. This encourages exploitation as a method to produce capital. The astronomical growth of supply and demand puts a heavy toll on the environment and its resources, which leads to an inevitable carrying capacity. The gap between rich and poor continues to increase around the world including capitalist drivers such as Canada and United States. Although Lechner does not see globalization as the main force in the inequality gap, I believe that this issue is of great concern.In order to have a more objec tive opinion of globalization, we need to analyze the detrimental factors and the potential they have in slowing down or even reversing the constructive effects of globalization. When taking these factors into consideration, they become latent by the profits created. There is a growing concern with enormous amount of evidence of corruption happening in most developing, third world nations. Bribery enables transnational companies to gain export contracts, particularly in the arms trade and in construction, which they would not have otherwise won.Every year, Western companies pay huge amounts of money in bribes to the officials and rulers in the developing countries in order to win over competitors. As these bribes go through, they have unfavourable results on the developing country, as they disadvantage smaller domestic firms, weaken development and deteriorate inequality and poverty, distort decision-making in favour of the project that benefits few rather than many, increase nation al debt, benefit the investor not the country, as well as damage the environment.All of the factors listed above are proof of negative effects of corruption on successful globalization, which according to Lechner, ââ¬Å"is not bound to make the rich richer and the poor poorerâ⬠(Lechner, 241). The second issue I would like to address is the growing gap between the rich and poor in not only developing countries, but the capitalist hubs. According to the latest consensus data released on May 1, 2008 by Statistics Canada, ââ¬Å"between 1980 and 2005, median earning among Canadaââ¬â¢s top earners rose more than 16 percent while those in the bottom fifth saw their wages dip by 20 percent (The Canadian Press, 2008).Furthermore, theà gap between rich and poorà is widening, both within and among countries. In 1960, the richest 20 percent of the worldââ¬â¢s population controlled 70 percent of global income, yet by 1993, the ââ¬Å"richest 20â⬠controlled 85 percent. In the same time period, the share of the poorest 20 percent had decreased from 2. 3 to 1. 4 percent. These disparities are likely to increase for the next half century as above stated issues such as corruption continue to affect the developing world (Human Development Report, 1996).The third big issue at hand, which I believe causes globalization to have a negative outlook in the eyes of the proletarian individuals including me, is the environmental damages that are caused. Economic theory argues that the free market can be expected to produce an efficient and improved level of resource use, production, consumption, and environment protection, yet when private costs, which are the foundation for market decision, diverge from social costs, a market failure occurs resulting in pollution levels. Intensified trade and competitiveness pressures between companies generate harmful impacts on environmental quality (Esty, D. nd Ivanova, M. ). As the big name companies move into an immature eco nomy of a developing country, they have the power to make the government change the laws and reduce their previous environmental requirements. Thus, the company that cannot function in Canada or Germany with those amounts of emission without paying fines will use the developing countryââ¬â¢s position to produce high level of emissions with no restrictions. This point links back to the issue of corruption in the developing countries described earlier.In addition, local government must protect the environment by not letting giant companies take over and control the government in order to make huge profits. Likewise, economic agreements that do not promote the common good and that are designed to increase the profits of few people in the world should be rejected by the authorities, if not local, then global. In conclusion, Globalization: The Making of World Society by Frank Lechner describes how the processes of globalization unfold in a wide range of fields including sports, religi on, media, and the environment.The author tries to explain and analyze the complex subject of globalization in a concise and easy-to-understand manner. His main argument in the book surrounds the explanation of how he believes that globalization is essential for the poorest nations to catch up and that globalization is not bound to make the rich richer and the poor poorer. References Dauvergn, P. (n. d. ). Globalization and the environment. Esty, D. C. C. , & Ivanova, M. H. (2003). Globalization effects on the environment. Globalization nd Environmental Protection: a Global Governance Perspective. Retrieved November 20, 2011 from http://www. yale. edu/gegdialogue/docs/dialogue/oct03/papers/Esty-Ivanova. pdf Lechner, F. J. (2009). Globalization: The Making of the World Society. Hong Kong: Wiley- Blackwell Publication. Research and markets; globalization: The making of world society. (2009). Investment Weekly News,à (19458177), 423. Retrieved from http://ezproxy. qa. proquest. com/d ocview/ 200892079? accountid=14771 Shah, A. (2011). Corruption.Global Issues. Retrieved November 21, 2011, from http://www. globalissues. org/article/590/corruption#GlobalizationMultinational CorporationsandCorruption The Canadian Press. (2008, May 1). Rich get richer, poor get poorer, census results show. Retrieved November 21, 2011, from http://www. ctv. ca/CTVNews/Canada/ 20080501/rich_poor_080501/ The gap between rich and poor is widening. (2004). World Resource Institute. Retrieved November 19,2011 from http://www. wri. org/publication/content/8659
Sunday, November 10, 2019
Legitimate Trade And Cash Crops Essay
[European missionaries] attempted to end the slave trade, that is trade in some goods other than slaves. The anti-slavery movement was a largely humanitarian movement that began in the early 19th century. The attempt to end the slave trade also was intended to further Europeanize African societies. Not only did the ââ¬Å"legitimizationâ⬠of trade seek to end the Atlantic slave trade, but also the slave that had existed among Africans for centuries. Therefore, many aspects of the traditional African society were altered. As the slave trade died, new markets opened both to meet European demands and to take advantage of the available African labor. Most of the products that the Europeans implemented were cash crops. Various cash crops included cotton, maize, tobacco, sugar, coffee, tea, palm oil, and groundnuts. The cash crops were in high demand in the rest of the world and played a major part in the modernization of most regions of the continent. Europeans pursued the production of cash crops for the purpose of raising revenue to pay for the expenses of the colonization process. As a result, traditional subsistence farming lost importance, most nations focused on only a single or a few crops, nationalism of land occurred, and innovations were brought to Africa such as irrigation.
Thursday, November 7, 2019
Examples and Uses of Metals and Nonmetals
Examples and Uses of Metals and Nonmetals Most elements are metals, but quite a few are nonmetals. Its important to be able to distinguish between the different types of elements. Here is a list of five metals and five nonmetals, an explanation of how you can tell them apart, and some examples of their uses. Five Nonmetals The nonmetals are located on the upper rights include: nitrogenoxygenheliumsulfurchlorine Five Metals Metals usually are hard, dense conductors, often exhibiting a shiny metallic luster. Metallic elements readily lose electrons to form positive ions. Except for mercury, metals are solids at room temperature and pressure. Examples include: ironuraniumsodiumaluminumcalcium How to Tell Nonmetals and Metals Apart The easiest way to identify whether an element is a metal or nonmetal is to find its position on the periodic table. There is a zigzag line that runs down the right side of the table. Elements on this line are metalloids or semimetals, which have properties intermediate between those of metals and nonmetals. Every element located to the right of this line is a nonmetal. All other elements (most elements) are metals. The only exception is hydrogen, which is considered a nonmetal in its gaseous state at room temperature and pressure. The two rows of elements below the body of the periodic table also are metals. Basically, about 75 percent of elements are metals, so if youre given an unknown element and asked to make a guess, go with a metal. Element names can be a clue, too. Many metals have names ending with -ium (examples: beryllium, titanium). Nonmetals may have names ending with -gen, -ine, or -on (examples: hydrogen, oxygen, chlorine, argon). Uses for Metals and Nonmetals Metals uses are directly linked to their qualities. For example: Shiny metals such as copper, silver, and gold are often used for decorative arts, jewelry, and coins.Strong metals such as iron and metal alloys such as stainless steel are used to build structures, ships, and vehicles such as cars, trains, and trucks.Some metals have specific qualities that dictate their use. For example, copper is a good choice for wiring because it is particularly good for conducting electricity. Tungsten is used for the filaments of light bulbs because it glows white hot without melting. Nonmetals are both plentiful and useful. Some of the most commonly used include: Oxygen, a gas, is absolutely essential to human life. Not only do we breathe it and use it for medical purposes, but we also use it as an important element in combustion.Sulphur is valued for its medical properties and is also an important ingredient in many chemical solutions. Sulfuric acid is an important tool for industry: It is used in batteries and in manufacturing.Chlorine, a nonmetal, is a powerful disinfectant. It is used to purify drinking water and swimming pools.
Tuesday, November 5, 2019
What you need to know about medical student mentors
What you need to know about medical student mentors No matter what field youââ¬â¢re in, mentorship is one of the most important factors in your early career. A study of private sector mentorship shows that mentorship (having junior employees develop a professional relationship with more senior employees) is a crucial way to develop employees and build leadership skills. And when youââ¬â¢re in a highly specialized, high-pressure field like medicine, that mentorship becomes even more valuable. What does a mentor do?Med school will teach you what you need to know about the science and practice of medicine. It teaches you the theory, the ins and outs, the blood and guts. That part doesnââ¬â¢t change, whether you have a mentor or not. What a medical mentor does is offer you the practical side of that knowledge- someone whoââ¬â¢s been where you are now, showing you what itââ¬â¢s like to put your education into everyday use.A mentor can help you with those transitional steps between med school and full-fledged practice, talkin g you through applying for jobs, preparing for residency interviews, dealing with the stress of the job, dealing with setbacks in med school and out in the field, and helping you find your specialty. A mentor may be a cheerleader- but more importantly, he or she is someone who has your professional interests at heart and wants to help you build a successful medical career. That may involve some tough talk or recommendations that arenââ¬â¢t easy, but are necessary.Why you need a mentorNo one transitions from school to career without loads of questions. What do I do next? Am I doing this too early/too late? What if I fail a class? What is it going to be like once I graduate? And sure, you can probably cobble that information together from the Internet. But donââ¬â¢t discount the benefits that come from a face-to-face (or voice-to-voice) relationship with someone who already has that knowledge. School can feel isolating, especially as you start to make Big Deal career decisions, so having a go-to relationship where you can ask questions and get honest real-world feedback is extremely helpful.As you make choices about your future career, you want to make sure youââ¬â¢re making informed ones. Having a source of feedback and help can prevent you from making those decisions in a vacuum and then coming to regret them later. Having someone to say, ââ¬Å"Look, here are some hard lessons I learned when I chose to become an internist,â⬠is a major asset if youââ¬â¢re thinking about going down that path, as well.How to get startedIf youââ¬â¢re a med student, you can always try to match to a doctor in your field of interest to act as a mentor. But donââ¬â¢t discount other health professionals who can provide that essential perspective. For example, nurses are in the trenches with doctors and are responsible for providing much of the direct patient care. They can provide precious insight into what itââ¬â¢s like to work with patients, what you can e xpect to see every day, and how to do basic and essential procedures. They also work closely with physicians and very likely have a solid perspective on what makes a good doctor vs. a not-great doctor. If youââ¬â¢re looking for guidance on the practical aspects of the job, you want it from someone who does it (and does it well) day in and day out, regardless of the degree that person has.If you want someone to help you with some of the more administrative aspects of being a doctor (like passing exams, the application process, interviews), then youââ¬â¢ll want someone whoââ¬â¢s been there- a physician or an administrator. Keep in mind that youââ¬â¢re not limited to just one mentor throughout your career; you can get super-valuable help from different people on different career aspects.Your mentor can be someone you shadow in the workplace, but donââ¬â¢t feel confined to that box or to your own residency program, if youââ¬â¢ve already started one. Your mentor could b e someone you consult on the phone or via email/chat/FaceTime/your preferred digital platform.If youââ¬â¢re interested in finding a mentor and role model, thereââ¬â¢s no time like med school to get that started. Thatââ¬â¢s not to say that you canââ¬â¢t find one later when youââ¬â¢re already settled in a residency or other job and a great mentoring opportunity presents itself. But like just about all career planning, itââ¬â¢s best to start as early as you can. Things arenââ¬â¢t going to get any easier as you prepare to graduate, and this special kind of networking is best done when you have time to develop a relationship with your mentor.How to find the right mentorLike any kind of networking, the place to start is thinking about who you know already. You can ask your faculty advisor if they know anyone who might be a good fit for the kind of mentor you need. Thereââ¬â¢s also good old online research, if youââ¬â¢re looking for a very specific type of mentor . And if youââ¬â¢re feeling truly stuck on how to get the mentor-mentee process underway, the American College of Physicians (ACP) has a mentor matchmaking database that you can register to use.Know what you want in a mentor. Do you want someone with a particular research interest? Someone with specific technical expertise? Do you want to know what the everyday life is like for a thoracic surgeon? Before you start reaching out, know what you want to get out of the relationship.Make sure youââ¬â¢re asking the right questions. Think of it like an interview for your mentor (though obviously, be respectful of their authority in the field and the time theyââ¬â¢re taking to speak with you). But in the course of conversation (or in email), feel free to ask them questions like how they chose their specialty, what brought them to medicine, what their own goals were when they were in your position, and what their biggest professional challenges have been. Come up with a list of quest ions in advance before you talk to your potential mentor.Keep an open mind. You may find that a potential mentor is great at talking you through exam prep, but not great at helping you find job openings. Or she can offer brilliant insight on research, but not necessarily the day-to-day questions you have. Thereââ¬â¢s no reason you canââ¬â¢t build relationships with different mentors for different parts of your career- and again, donââ¬â¢t forget to consider people who might be nurses, administrators, or other non-physicians who could bring different perspectives to your career.Once youââ¬â¢ve found the mentor (or mentors) of your professional dreams, make sure you take care to keep the relationship going- even after youââ¬â¢re no longer a student/newbie. You never know when those professional connections will come in handy. And then the day may come when you find yourself ready to take on a mentee of your own.
Sunday, November 3, 2019
What are the major arguments for both the advantages and disadvantages Essay
What are the major arguments for both the advantages and disadvantages of(1) division of powers and checks and balances and (2) federalism - Essay Example ecutive branch had the complete power of the United States vested in its care then a significant amount of individuals could potentially feel alienated or oppressed by the decision-making (Joe). Similarly, the short time period of congressional representatives, and the life period of judicial representatives allows for differing perspectives to be thrown into the political mix. Still theorists recognize that there are many disadvantages. The United States operates under what has been termed Federalism. One of the primary tenants of Federalism is that there is a national government, but states that fall within the auspices of this governmental structure. There is then a further division of powers between the states and the national government. Just as with the branches of government, the checks and balances between state and national powers guard against corruption and allow for multiple perspectives. Still, the disadvantages with both the divisions of the branches and Federalism are that they create layers of bureaucratic government structure. These added layers hinder the quick passage of laws that could directly contribute to the betterment of society (Rice). Joe, Chris. "Drawbacks of Checks and Balances." . N.p., 2011. Web. 26 Mar 2012.
Friday, November 1, 2019
Finance Class paper on Asset Bubbles Essay Example | Topics and Well Written Essays - 500 words
Finance Class paper on Asset Bubbles - Essay Example The focus of this document it is to examine the cause of asset price bubbles using classic decision model. Classical decision-making model presumes that people objectively scrutinize the challenges affecting them and that they have full information of the situation (Kahneman et al. 53). By relying on that information, they can examine various alternatives of addressing those issues being aware of the repercussions of those alternatives before making an optimal resolution. This model when applied by investors it assumes that the investors assess various investments alternatives impartially having complete knowledge about the market value of the assets currently and in the future. Since they make an objective analysis, there is usually high demand for assets as many people purchase them the future price will continue to rise indefinitely (Kahneman et al. 61). However, the situation reverses causing a sudden drop in value of those assets resulting to the economic crisis. The issue of the decision-making model involves bound and unbound problems and can be used to elaborate the occurrence of the reverse situation of the asset prices. Bound problems are issues within the control of decision makers while unbound problems are beyond the power of the decision makers. For example, investors make predictions and commit their resources to the assets. (Kahneman et al. 94). However, the financial system such as the banking industry affects the market liquidity. The implication of the change in market liquidity is that at first the bank reduces lending rates attracting investors to take more money for investing in various assets and consequent increase in market liquidity (Kahneman et al. 124). As the demand for assets increases so is the increase in their values. However, banks raise lending rates in the future due to excess liquidity resulting to decline in market liquidity (Kahneman et al. 175). The decreased flow
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