College essay outlines
Wednesday, August 26, 2020
Research Project Paper Example | Topics and Well Written Essays - 1000 words
Venture - Research Paper Example Through the course of its substance this examination venture features zones in the lodging that need improvement and dependent on research, proposes answers for said issue regions. Technique This exploration venture gives investigation of examination material relating to the powerful, vital and productive administration of a lodging and incorporates a nitty gritty partner investigation by drawing on that exploration. Cutoff points of Research The procedures and methodologies referenced in this examination venture are commonly relevant to any endeavor in the accommodation business; be that as it may, a few impediments may emerge in unmistakable situations where a more modified methodology might be vital. Basic Analysis and Recommendations Hospitality and the travel industry are two of the worldââ¬â¢s enterprises that are encountering the most powerful and rising development levels. Joining the two businesses are innovative endeavors with respect to lodgings which become a scaffold between the accommodation and the travel industry enterprises. Slattery (2002) discusses how in this present day and age the component of ââ¬Ëhospitalityââ¬â¢ has been lost from the friendliness business due an increasingly industrialized methodology towards accommodation adventures. As indicated by this paper, this component has been hindered by the industrialized business vision and to reestablish it we have to comprehend neighborliness as a ââ¬Å"social wonder including connections among peopleâ⬠and accordingly join the ââ¬Å"social factorâ⬠in the arrangement of administrations in any accommodation business. This exploration further proceeds to express that to all the more likely comprehend neighborliness we have to see how it functions in private settings, for instance that of a family unit. Understanding from this setting will make cordiality adventures better ready to give food, settlement and different administrations. Be that as it may, center shouldnâ⠬â¢t be restricted to private settings for accommodation undertakings are after all undertakings and requires a significant business showcase cooperation. The endeavor can be effective just if sufficient consideration is paid to every one of the three areas. (Slattery, 1998). Further, the idea of cordiality is of vital significance for lodgings and their viable administration. Notwithstanding, this angle is for the most part neglected. To be progressively viable, the board needs to factor in parts of human conduct to all the more likely see how to serve their customers in an increasingly predominant way. (Brotherton and Wood, 2007). An attainability study is likewise significant and may take the designers months to gather the information that gives enough good financial contention to fabricate a lodging. (Rutherford and Oââ¬â¢Fallen, 2007). This is a significant advance and should not be missed in light of the fact that future operational achievement expands on it. Another signi ficant worry in the cutting edge universe of globalization, development and mechanical advancement is that organizations ought to be increasingly worried about ââ¬Ëgoing greenââ¬â¢ and not squander the earthââ¬â¢s assets that are accessible for their utilization, however devise courses through which these assets can be monitored. Lodgings are a business wherein the vitality and asset utilization levels are high since they engage many individuals one after another. Anyway because of their broad utilization designs they likewise have a higher obligation to monitor assets and vitality. Inns, as other neighborliness organizations should factor in supportability and work to lessen their natural impression. Lodgings that are aware of this and properly address issues of
Saturday, August 22, 2020
Depression in Women Essay Example | Topics and Well Written Essays - 2500 words
Sorrow in Women - Essay Example THE side effects may not appear to be excessively genuine from the outset. Maybe an individual experiences weariness, stomach issues or chest torments. He may end up awakening at early morning times for no obvious explanation; or the difficulty might be trouble in getting the chance to rest. Conceivably an adjustment in hunger has prompted weight reduction; or perhaps the issue is overweight because of an unexpected lavish expenditure of eating. Weariness, physical agonies and change in eating or resting propensities can comprise what specialists call the substantial cover of depression.(McClelland, 2008, 64) What is sorrow Why does it harrow individuals Everyone feels 'sad on specific events. This ought not cause alert, for off days of this sort are not what specialists mean when they discuss wretchedness. As per examines, people when they are distressed with misery typically free their substance and acknowledgment for the genuine reasons of living. It could be seen that numerous am ong the discouraged ones are exposed to circumstances of disappointment, sentiment of defenselessness and the lost of physical vitality to confront life and appreciate life simultaneously. (Amunts, 2008, 15) Loosing these specific components throughout everyday life, some discouraged people resort to self destruction basically to end the misery that they are encountering. A discouraged individual thinks that its hard to perform even the most standard errands, for example, getting dressed, brushing teeth, planning breakfast and settling on routine choices. The third level, where nobody can question that you're managing misery says Yomasue (2008) is the point at which someone actually sits in a corner-nearly incapacitated investigating space. (13) Doctors regularly talk about sorrow as either intense or interminable. (Wang, 2007, 65) Acute sadness sets in from some outer reason, for example, the demise of a friend or family member, separation or some other extreme misfortune. Contingent upon the earnestness of the reason, intense sadness may a weeks ago or even months; however then it vanishes. Then again, in constant cases the devastating impacts of discouragement endure a seemingly endless amount of time after month. (Amunts, 2008, 54) Another kind of victim is the hyper burdensome. This individual teeter-totters between a hyper (from manikos, Greek for distraught) state and one of sorrow. During a hyper express, the individual gets overactive, indiscreet, frequently untidy in discourse and thinking.(Croissant, 2008, 34) Then follows a typical period, after which he dives into sadness. Some stay in the hyper state more often than not, with just short low periods. Others are the exact inverse, staying discouraged more often than not. What's more, there are the individuals who, generally, stay on a level aside from brief ups and downs.(Liu, 2008, 54) In this investigation, a comprehension of the significant issues concerning sexual orientation contrasts on misery events among people will be examined cautiously to comprehend or if nothing else explain the issues on the case that ladies are really encountering melancholy twice as much as men. Clarifying the key purposes behind this specific issue is the focal point of this specific writing based comprehension. Some Common Causes of Depression How across the board is not kidding discouragement According to Dr. Nathan S. Kline of the New York State Department of Mental Hygiene, it has been assessed that 15 percent of the grown-up populace of the United States has some level of sorrow which is not kidding enough to be needing treatment.(Yomasue,
Thursday, August 13, 2020
1 Month, 0 Classes
1 Month, 0 Classes well only if I choose to. Tomorrow marks the beginning of IAP (Independent Activities Period)Its one of my favorite times of the year because everything is pretty much optional. MIT with no class?!?!?! SCORE. During January, a lot of people do externships, some go to Zambia, some France, some stay at home and some go to lab. After a brief search on the IAP website, I found some pretty interesting activities: Opera the Ultimate Dramatic Experience David Collins M.Ed. pre-opera lecturer and historian for Opera Boston Tue Jan 16, Thu Jan 18, Tue Jan 23, Thu Jan 25, 10:30am-01:00pm, 4-160 No enrollment limit, no advance sign up Participants requested to attend all sessions (non-series) Prereq: none Opera is the marriage of theater and music. In 4 sessions we explore the fascinating and addictive world of opera, using audio and video examples to follow the history of opera from the late Renaissance through the death of Puccini in 1924. Among the composers represented will be: Monteverdi, Rameau, Purcell, Handel, Gluck, Mozart, Beethoven, Weber, Rossini, Donizetti, Bellini, Meyerbeer, Berlioz, Gounod, Offenbach, Verdi, Wagner, Richard Strauss and Puccini. Emphasis will be placed on understanding opera as a dramatic art form expressed through music. Consideration will be given to different dramatic aesthetics crucial factors in a composers approach to opera. This course is geared for both beginners and those wishing to expand their operatic horizons. Contact: Steve Michaels, E38-400, x8-8104, [emailprotected] Sponsor: Music and Theater Arts Science Policy Bootcamp William B. Bonvilliam-Director MIT Washington, DC Office, Taras Gorshnyy, Alicia Jackson, Asher Sinensky and Cathribe Tweedie Mon Jan 22 thru Fri Jan 26, 09:30am-12:30pm, TBD Signup by: 08-Jan-2007 Limited to 25 participants. Participants requested to attend all sessions (non-series) Prereq: Geared for Grad Students or Post Doc. in Science or Engineer Science and technology public policy strongly guides the future of science education and research. Despite significant interest in science policy issues within the graduate student community at MIT, there exist few opportunities for increased understanding about and practical involvement with science policy. Given the challenges to future federal support, the aim of this five-day seminar is to introduce graduate scientists and engineers to the ânuts and boltsâ of science policy making. The course will expose students to the fundamental structure and dynamics of science policy and inform them of routes into a policy experience or career. This seminar is cosponsored by MITs Presidents Office that strongly supports the integration and deepening of science policy awareness within the MIT community at all levels. Web: http://stellar.mit.edu/S/project/policybootcamp/index.html Contact: Alicia Jackson, 13-4057, x3-7234, [emailprotected] Sponsor: Materials Science and Engineering Cosponsor: Presidents Office AND MY FAVORITE MIT EVENT PERIOD HANDS DOWN AND FIREWORKS!!!!111ONEONEONE!!! Annual MIT Mystery Hunt Dan Katz, Jennifer Braun Fri Jan 12 thru Mon Jan 15, 12pm-12:00am, Lobby 7 No limit but advance sign up required (see contact below) Signup by: 15-Dec-2006 Single session event Join us for the 2007 Mystery Hunt, the annual MIT puzzle and sleep-deprivation competition. Get together with friends to solve puzzles that will lead you to a coin hidden somewhere on campus. The hunt starts Friday at noon and ends when the coin is found, some days later. Please sign up at the website. Lone hunters looking for a team can sign up as unattached hunters. New hunters always welcome. Web: http://web.mit.edu/puzzle/ Contact: Jennifer Braun, [emailprotected] Sponsor: Mystery Hunt Ill be playing with some of my best friends this year, and IM INCREDIBLY STOKED. If youd like to play remotely, shoot me an email to bryanblogs [at] mit [dot] edu, and Ill respond with some info. SO EXCITED. PS. If you refresh the IAP homepage enough, you can see my friend Yonas, hes juggling. Hes also playing on our mystery hunt team.
Saturday, May 23, 2020
Day Spa Business Plan - 1060 Words
Total Transformations Day Spa Business Plan Brenda Anderson University of Phoenix - Axia Total Transformations Day Spa Business Plan Description of My Business My plan for Total Transformations Day Spa concentrates on the needs of the clientââ¬â¢s appearance and an overall feeling of well being. I will provide professional staff who offers an array of services that grants the clients assistance in hair care, tanning, and nail care as well as the total comfort in spa care. Here we focus on the entire family population that has a desire to look and feel better. We have an ample supply of top-of-the-line products for each department that our clients will be encouraged to purchase for enrichment of their services provided here atâ⬠¦show more contentâ⬠¦Ã¢â¬ ¢ I will also have, before I hire any employees, an attorney whose specialty falls under labor laws. We will be prepared due to the risk of having employees. Managers Use of Financial Information I know that providing information of financial reports is the primary objective for useful and productive decision making. This is absolutely critical for a manager in a business. For this ability I will depend on the financial reports to give me an idea of where the profits and losses were for a specific period of time, and it gives me a business look at the past, present and future in regards to expenses of operation. Within these expenses is an array of costs that include; lease or payments of buildings, salaries, utilities, profit margins, product cost, employee expenses, company benefits, comp insurance, supplies, equipment, and any other outgoing expense for the business including accounting and attorney fees. Thank you for your time and consideration. We look forward to doing business with you. Below, I have provided a look at what is expect through a monthly Balance Sheet here at Total Transformations Day Spa: [pic] As you can see from this mock Balance Sheet of our business, it (1) has enough assets to pay our debts when they are due, and (2) the claims of short and long-term creditors onShow MoreRelatedManhattan View Day Spa Business Plan1210 Words à |à 5 Pages Business Plan OWNERS: Bishoy Meawad Manhattan View Day Spa 100 Old Palisade Rd, #103 Fort Lee, NJ 07024 (201)889-889 (973)998-998 MVdayspa@orl.com MVdayspa.org I. Table of Contents I. Table of Contents ................................................................................................... 3 II. Executive Summary............................................................................................... 4 III. General Company Description .................................Read MoreEntrepreneur1348 Words à |à 6 Pagesany business, people imagine rich, prosperous, initiative and resourcefulà entrepreneurs, who successfully started and developed their own company. Todayââ¬â¢sà interviewà deals with spa business. Chief Manager of an International A.B.C. Spa company will help us to understand the system of spa business and its profitability. A.B.C Spa cooperates with world leaders and professionals in this sphere. It efficiently provides qualified service for clients. Our interview will help to learn more about spa businessRead MoreThe Market For High End Skin Care Products1741 Words à |à 7 PagesThe Market The market for high end skin care products is a rapidly growing industry with physician branding at the heart of our skin care line. MediFace Spa will be targeting two distinct market segments. The first segment is patients of Advanced Eye Care and Aesthetic Center, who are currently consumers of the skin care line. The second segment will cater to the broader market. Furthermore our clients are seeking total body health regiments which we believe our target marketing will focusRead MoreRegulatory And Legal Issues Of The Dog Care Center1120 Words à |à 5 Pagesat the day care. Before establishing dog care premises, legal and business considerations are made. Consultations have to focus on the best form in which the business should operate (Shade Epstein, 2003). The areas of concern include capital, the kind of ownership and making the local government aware of the new investment. Considering the doggy care facility, the outlines of legal structures and other concerns on the business are explained. Regulatory and Legal issues about the business PermitRead MoreStrategic Plan I1206 Words à |à 5 PagesStrategic Plan Part I Angie Minich BUS475 March 5, 2012 Janice Kurth Strategic Plan Part I The business I have chosen is an upscale day spa. The name of the day spa will be Tranquility. The name of my day spa describes my business to a tee. Tranquility will offer the most enjoyable and relaxing experience for our clients. Our day spa will provide knowledgeable employees who are trained on the latest techniques available for our clients. Our clients will be pampered with a relaxedRead MoreMemo: Management and Spa Works1056 Words à |à 5 Pagesï » ¿ Spa Works Memo Date December 12, 2012 To: Adrian Pavone, CEO From: Subject: Information System Advisory Committee Proposal Hello Adrian. In the last few years, Spa Works has been rapidly expanding its business by opening new locations and acquiring competitors. Such expansion suggests not only high profits, but also investments in the organizationââ¬â¢s information system. Spa Works is currently operating using a number of legacy systems, which may not be able to support recent changesRead MoreStarting a Spa Business in Singapore813 Words à |à 3 PagesStarting a Spa Business in Singapore Despite the economic crisis, health and wellness sector in Singapore has always recorded a steady growth starting from S$140 million a year. The factor causing the high amount of revenue is due to high tourist arrivals and the increase in wealth of individuals. People are more willing to part with their money in return for exotic treatments and multiple-treatment packages. There has also been a 63% increase in the number of spas since 2003. Due to the potentialRead MoreThe New Spa Service Launching A New Weight Loss Treatment Essay1082 Words à |à 5 Pagesmarketing plan is to promote the new spa service launching a new weight loss treatment in San Antonio, Texas. Today, spas are available in all major US cities. This type of health care is one of the most popular public services and does not require substantial investments. General Product Information A special feature of our spa service is the battle against different classic and non-standard methods. The reason for choosing this orientation lies in its uniqueness - now a small number of spa centersRead More day spa marketing plan Essay1302 Words à |à 6 Pagesestimated 12,100 spas throughout the United States. In the U.S. the largest spa category, accounting for seven of every ten spas, is day spa. Resort and hotel spas are the second largest, with club spas, medical spas, mineral spring spas and destination spas respectively trailing. Geographically speaking, the distribution of spas in the U.S. generally parallels that of the population distributions with the largest region being the North East. According to the ISPA (The International SPA Association)Read MoreFinancial Plan For The Third Year Of Operation Schedule926 Words à |à 4 PagesFinancial Plan According to estimation, our company --- Medifacespa will get much more profit in the third year of operation schedule. The previous year of financial growth will be driven by equity investment as well as debt financing. The following table will give the detail about our financing plan . It is worth to mention that, our assumptions and schedules are based on realistic estimation and forecasting, 7.1 Important Assumptions As we can see from the table, we set the interest rate of borrowing
Tuesday, May 12, 2020
Avoiding a Malthusian Catastrophe - 783 Words
Thomas Malthus once said, ââ¬Å"The power of population is indefinitely greater than the power in the earth to produce subsistence for man.â⬠Albert Einstein might argue, on the other hand, ââ¬Å"Necessity is the mother of all invention,â⬠albeit in another context. So, which is it? Are we doomed to unchecked population growth followed by Malthusian catastrophe, or can we avoid it through increased food production, decreasing population growth rates, or some other means? To say Malthusian catastrophe is inevitable is completely unwarranted. Is it possible? Certainly ââ¬â it is only logical that if human population reached levels which far outstripped food supply, the resulting global famine would create easily ignitable tensions between nations, andâ⬠¦show more contentâ⬠¦This spread in the demographic data available to contemporary researchers show that as nations become more developed, fertility rates do not increase exponentially as predicted, nor even linearly, but eventually plateau or potentially even decrease. This concept, demographic transition, has many contributing factors, many of which are uncertain. Still, even if these influences are poorly constrained, the overall trend towards replacement rates of reproduction is well established. The best example of steady and sustainable population levels is the European Union. The EU is highly industrially and agriculturally developed, yet has growth rates near zero percent, and not onl y a sufficient domestic food supply, but an exportable surplus of grains. Some detractors may be quick to point out that this is not the case in many developing countries like India and Sudan, which face shortages of food and resources that are exacerbated by their rapid growth rate. While true, such criticisms do not stand up to the wealth of data showing a strongly correlated positive feedback loop between increasing education and economic gains and falling fertility rates. That is, once such nations in the second phase of demographic transition receive or implement educational and economic improvements, the resulting chain-reaction can move them into the third phase of sustainability before the population can outgrow their resources.
Wednesday, May 6, 2020
Understanding Finance and the Current Crisis Free Essays
string(309) " the US and UK was due to relatively easily available credit conditions that allowed a wide variety of individuals to purchase properties that were stretching their financial position to such an extent that, when fundamental factors changed, such as employment, the asset price could no longer be maintained\." Abstract The recent financial crisis has raised several different questions as to how the crisis emerged, in the first place, and whether there were any aspects of financial management that would have increased the extent of the crisis, or could be used to assist during the recovery period. Although the two primary areas that have been explored in the existing literature, namely the housing bubble and the slack credit criteria, it would appear that the real value of the existing literature came from the analysis of how the two factors interact, in terms of mitigating the ongoing economic crisis. Further research is required in this area, in order to gain a greater understanding of normal business cycles and how policy decisions can be used to influence behaviours, rather than being entirely reactive to external changes. We will write a custom essay sample on Understanding Finance and the Current Crisis or any similar topic only for you Order Now Introduction The current financial crisis which has been seen to be at the heart of the economic difficulties began in 2007 and has produced multiple questions as to how the basic principles of finance interacted with the crisis and the way that this could be used as a means of identifying potential crises, before they happen, thus potentially offering a means of assisting in the economic recovery. By looking at the way in which the recent financial crisis has spread across the globe, a great deal of insight can be gained as to how finance operates and how potential this can create a dramatic knock-on effect which will ultimately impact on the global economic position. The aim of the literature review is to analyse the various different research papers which have emerged as a result of the current crisis, with a view to gaining a much deeper understanding of the various financial issues. More specifically, behavioural finance will be explored, as a means of identifying any gaps in understanding, as well as potentially offering explanations as to the behaviours which either mitigate or exacerbate the depth of the current economic crisis. The literature review will look at issues associated with asset fluctuations and financial behaviours associated with credit which are seen to be the two key factors before considering how both of these have impacted on the overall economic behaviours and the implications that this has for both the current economic crisis and future research in this area. Asset Fluctuations Although there have been several different factors which have links to the recent economic crisis, with much research looking at the way in which the financial market moves, when various different analytical information reaches the market (Keynes 1930), it is suggested, in this case, that where there has been a dramatic increase in asset prices which cannot necessarily be explained by financial fundamentals, there are likely to be situations that result in a boom followed by a bust (Garber, 2000). Research in this area has indicated that, where asset prices deviate from what would be expected, based on fundamental financial factors, there is some form of inefficiency within the market which, at some point, will need to be redressed. Further research goes on to look at the situation where the price of the asset extends itself to such an extent that it goes outside of what would be considered to be normal boundaries and a bubble is formed. This is commonly referred to in the press as the housing price bubble, with reference to housing assets and the way in which they increased, at an unreasonable rate, over a relatively short period of time (Zheng, 2005). A great deal of effort has been put into attempting to explain asset price bubbles and why these bubbles arise, with a variety of different explanations being put forward. One particular theory which has emerged as to why an asset bubble may arise is that individuals behave in an irrational manner when making investment decisions. Despite this, some models have developed which allow for rational behaviour, but which also allow for an asset bubble to arise, for example, where investors may have expectations about how the assets are likely to change in value, in the future (Brunnermeier, 2001). This was put forward by Blanchard and Watson, back in 1982, where it was argued that there is no need for the asset price to always be equal to the fundamental underlying value of the assets and a bubble could be established based on rational expectation. This suggests that asset movements, such as that experienced in the housing market immediately prior to the financial crisis, would not necessarily be linked to irrationality and there may be other factors which ensure that these extreme bubbles will arise. Analysis has also taken place in terms of what causes the bubbles ultimately to disappear and whether there are aspects of behavioural finance which can be used to explain this trigger point, which is seen to be fundamental to the economic crisis, during the last few years (Marazzi, 2010). It is argued that the slightest shock can create a bust situation, for example, where there is a slight change in fundamental values or the beliefs of the investors. As investors change their approach, the slightest shift can ultimately create vision turmoil to establish a bust. Consider, for example, in the housing crisis where a slight change in how mortgage holders were able to repay the amount owed immediately created a liquidity problem within the lenders. It can be seen, therefore, that even a slight change in the circumstances of the borrowers can create an asset pricing situation where the fundamental value of these assets drop and the likelihood of repayment reduces (Gorton and Ordonez, 2012). Credit Booms The other area of relevance is seen to be the areas of credit and how the credit markets influenced the financial behaviours leading up to and during the financial crisis (Brusco and Castiglionesi 2007). To a large extent, it can be argued that the increase in the asset price of housing across the US and UK was due to relatively easily available credit conditions that allowed a wide variety of individuals to purchase properties that were stretching their financial position to such an extent that, when fundamental factors changed, such as employment, the asset price could no longer be maintained. You read "Understanding Finance and the Current Crisis" in category "Essay examples" Based on the research, it has been suggested that the recent economic crisis was, in fact, down to a credit situation within the financial markets and not necessarily the asset itself, namely houses. Immediately prior to financial crises, there is indication that there was also a rapid increase in the amount of credit being made available, and during the recent financial crisis, the focus has been on credit availability for the purposes of purchasing property. However, similar issues have also emerged in short-term credit, such as personal loans and credit cards allowing individuals to gain access to credit streams that their income would not necessarily suggest should be available to the rational lender (Calomiris and Kahn, 1991). Interestingly, research has indicated that a credit boom will often happen as a result of a prolonged period of positive economic shock or following from a particular, economic growth in a region or market. This will suggest that where there was a great deal of growth and buoyancy within the housing market, this was a precursor to the credit boom (Claessens et al., 2010). It is also argued that monetary policies are also seen to be linked to the credit crisis, and that an understanding of the financial decision-making within the financial market can have a detrimental effect on whether or not the credit boom takes place. For example, it is suggested that low interest rates encouraged the US housing market and that more people were able to borrow money, at this lower interest rate. This shows an indication that a monetary policy decision, namely to reduce interest rates can have a knock-on effect on asset prices and credit availability, all of which has been arguably fundamental when it came to the recent economic crisis (Lansing, 2008). This type of activity has been referred to as financial liberalisation, whereby investors of every kind are more inclined to take financial risks and to pursue new financial opportunities, such as purchasing property. This type of liberalisation could also be seen as inherently linked to the willingness of banks to lend to customers and to have less stringent lending criteria which would appear to be linked to the volatility within the housing market, as having such financial flexibility within the banking sector allowed for the housing assets to boom, at an irrational level. This again suggests the notion that external factors and policies can ultimately change behaviours of agents within the financial markets and the decisions that they make, in terms of their own investments and their own decision-making (Dellââ¬â¢Ariccia, Igan and Laeven, 2012) Combined Impact on Financial Markets Having identified that there are the two factors in the unnaturally high price of assets, namely housing assets and the lenient credit conditions which were placed on the market through policy decisions such as low interest rates and low interference with banking regulations that have been deemed to be inherently linked to the recent credit crisis, it is unsurprising that a wide amount of research has been undertaken to look at how these factors came together to create the shift in the financial markets that have occurred, in recent years. By looking at the combined movement within the credit markets and within the housing market, it was established that there were substantial differences between the movements experienced as a result of external factors during a period of economic crisis and the reactions of similar changes during periods of stability. This suggests that the financial markets behave differently during a crisis, something which may be very relevant to how policymakers should behave when looking to navigate their way out of the financial crisis period. It has been identified that one of the key factors linked to a bust which is likely to result in a credit crisis can be seen in the volatility of the movement within the financial markets. Having identified that the two issues of available credit and the increasing house prices are inherently linked and that both factors led to the credit crisis, the researchers largely moved on to identifying how these factors have created the behaviours seen within the economy, in the last few years. Banking institutions have been perceived to be central to this, as these were the institution that lent the money and made credit available in the first place and also the first institution to suffer when the asset price dropped from the exceptionally high level and borrowers began to default. Research has looked at the way in which the banking institutions operate under these conditions, as it is perceived to be a particularly important means of determining the impact that the financial market is having on the credit crisis and the potential recovery. An argument has been presented which suggests that, where borrowing and lending is collateralised in some way and the market price of that collateral changes for the negative, the organisation simply cannot rely on this collateral, in order to continue its operations (Schleifer, 2000). In this case, collateral is deemed to be housing assets, although many of the financial institutions use complex arrangements in order to bundle the deb ts and sell them on to third parties, although fundamentally they were linked to the housing assets which were dropping as a result of changes in monetary policies and increasing concerns over the sustainability of house prices. Crucially, it is therefore argued according to rational behaviours where investors (in this case house buyers) opinions on the likely future for the assets and their own ability to sustain the assets change, so do the financial markets surrounding these assets, something which is particularly exacerbated when policy decisions result in an increase in interest rates and fears relating to employment levels, all of which creates a spiralling situation and potentially volatile reactions from investors. Implications of the crisis A large portion of the research and the literature in this area looks at the causes of the economic crisis and attempts to identify patterns that could offer explanatory value as to why the crisis happened in the way that it did. However, it is contended in this literature review that the real value comes from identifying the implications of the asset and credit crisis, in terms of the reactions of financial institutions and how this can potentially be used as a means of recovery for the future. Specific research looking at the reasons for the financial bubble indicated that banking institutions were central to the crisis, in terms of encouraging excess lending and therefore also encouraging the unnaturally high house prices, which became unsustainable, in the long run. Some of the literature has focused almost entirely on the economic crisis and the impact that this has had on longer-term economic activity (Claessens, Kose, and Terrones, 2012). Research has indicated that, whilst the economic crisis itself created problems in the housing market, it also ultimately led to greater widespread recession than would normally be expected in the typical cycle associated with the performance of the economy. Various different research approaches have been taken in order to compute the precise impact that the recent economic crisis has had on financial markets and how this can ultimately be used to pave the way forwards. The approach taken by Claessens, Kose, and Terrones, 2012, used traditional methodology of analysis the business cycles, in order to identify whether or not a recessionary period is being entered into. This theoretical approach argued that recessionary periods, which are associated with a form of asset crisis, in this case a credit and housing would cost more to the economy overall than any drop associated simply with equity prices, e.g. as part of the traditional business cycle. Of perhaps more interest regarding this topic, going forward, is the way in which the financial markets are likely to recover from the period of recession, with research suggesting that recovery will typically be low and weak in comparison with the volatility of the drop, in the first place (Kannan, Scott, and Terrones 2013). This body of research is deemed to be highly relevant, as it not only looks towards linking the concept of credit crisis with the way in which the financial markets are behaving, but also explores how these two factors can interact, in order to deal with the recovery, in the most appropriate way, something which is likely to be of interest to policymakers and those within financial markets, for the future. Future possible research and conclusions Despite the myriad of different research papers which focus on different aspects of the credit crisis and have looked at the interaction between credit and housing, as well as external monetary factors, the real value comes from understanding the reactions and behaviours of an economic crisis, as a means of improving recovery prospects. One particular area of research that would be beneficial in this regard is the way in which the financial markets fluctuate, even where there is no ultimate crisis. This is deemed to be important, as there is a cycle that emerges within the financial markets which must necessarily be understood, if the true measure of a crisis is to be established, in the future. Without understanding what is perceived to be ââ¬Ënormalââ¬â¢, it is simply impractical to appreciate the cause and effect of abnormal periods within the economic cycle and how these can be reduced or mitigated, in the long run. References Blanchard, O. J., and M. W. Watson, (1982), ââ¬Å"Bubbles, Rational Expectations and Speculative Markets,â⬠in Crisis in Economic and Financial Structure: Bubbles, Bursts, and Shocks, P. Wachtel, ed. Lexington Books: Lexington Brunnermeier, M. (2001). Asset Pricing under Asymmetric Information: Bubbles, Crashes, Technical Analysis and Herding, Oxford: Oxford University Press. Brusco S. and F. Castiglionesi (2007). ââ¬Å"Liquidity Coinsurance, Moral Hazard and Financial Contagion,â⬠Journal of Finance 62, 2275-2302. Calomiris, C. and C. Kahn (1991). ââ¬Å"The Role of Demandable Debt in Structuring Optimal Banking Arrangements,â⬠American Economic Review 81, 497-513. Claessens, S., G. Dellââ¬â¢Ariccia, D. Igan, and L. Laeven, (2010), ââ¬Å"Cross-Country Experience and Policy Implications from the Global Financial Crisis,â⬠Economic Policy. A European Forum, April 2010, Vol. 62. PP. 269-93 Claessens, S., M. A. Kose, and M. Terrones, (2012), ââ¬Å"How do Business and Financial Cycles Interact?â⬠Journal of International Economics, Vol. 87, pp. 178-90. Dellââ¬â¢Ariccia, G., D. Igan, and L. Laeven, 2012, ââ¬Å"Credit Booms and Lending Standards: Evidence from the U.S. Subprime Mortgage Market,â⬠Journal of Money, Credit and Banking, Vol. 44, pages 367-84. Garber, P. M., (2000), Famous First Bubbles: The Fundamentals of Early Manias, Cambridge, MA: MIT Press Gorton G. and G. Ordonez, (2012), ââ¬Å"Collateral Crises,â⬠NBER Working Papers, No. 17771, National Bureau of Economic Research, Inc. Kannan, P., A. Scott, and M. E. Terrones, (2013), ââ¬Å"From Recession to Recovery: How Soon and How Strong,â⬠in S. Claessens, M. A. Kose, L. Laeven, and F. Valencia, eds., Financial Crises, Consequences, and Policy Responses, forthcoming. Keynes, J. M., (1930) The Great Slump of 1930. London: The Nation Athen?um. Lansing, K. J., 2008, ââ¬Å"Speculative Growth and Overreaction to Technology Shocks,â⬠Working Paper Series 2008-08, Federal Reserve Bank of San Francisco. Marazzi, C. (2010) The Violence of Financial Capitalism, NY: Schleifer, A., (2000), Inefficient Markets: An Introduction to Behavioral Finance, Oxford University Press, Oxford Zheng, Z., (2005) From Rationality to Bounded Rationality, Australian Economic Papers, December, 455-474. How to cite Understanding Finance and the Current Crisis, Essay examples
Sunday, May 3, 2020
Apparent Feminisms In The Play Trifles Essay Example For Students
Apparent Feminisms In The Play Trifles Essay Apparent Feminisms In The Play Trifles Essay Male domination in 1916, when Susan Glaspells play Trifles was written, was the way of life. Men controlled most women and women were not very outspoken during that time period. Mr. Wright in her play was no different from the rest, but she made him a symbol of all the men in the community. The play opens at the scene of the crime. The first three characters who enter the room are the three men involved in the investigation of the murder at hand. The purpose of their visit is to find evidence of motivation of murder, but the women who they leave downstairs find the very evidence that they are looking for. The men presume the women to be harmless for a couple of reasons one being: the women are left in the kitchen where, according to the Sheriff, there are nothing but kitchen things(1174). His comment was in response to the County Attorneys question about the Sheriff being convinced that there was nothing important in the kitchen nothing that would point to any motive (1174). The concerns of the women are considered little or silly and insignificant and this is the most important reason for the mens comments about them. The Sheriff laughs when the women express that maybe the frozen preserves have some meaning (1174). Mr. Hale, who is the husband of one of the women, comments women are used to worrying over trifles (1174). They figure the women are not dangerous because they are in a room where there could not possibly be any evidence, but also because they believe that the womens minds are so limited to trifles that they are not a threat to the investigation. The men feel that the women cannot think, cannot act, and cannot do any harm to their investigative work. However, the women find lots of evidence in that room. They do think, act, and sabotage the investigation. They find the very evidence that the men are looking for. In most stories of this nature the men are the center of attention, but Glaspell opens our eyes to something new. Not only do the men not solve the case, but they also arent the center of attention. Even though the men were not using lots of demeaning dialogue and they are not patronizing the women, it is clear that they are using the traditional manly ways to put the women down. Men say that they are superior to women and that they can do everything by themselves, but why is it that the County Attorneys biggest dilemma is that he cannot figure this case out by himself yet the women can? The mens lack of knowledge, the failure to solve the case, and the mens insignificance in the play speak for themselves. This is a reversal of the characterizations of the women of that time period. Glaspell was successful in showing us this by letting the audience see everything from a womans point of view. Not only were the men superficial feminists, they were simply trifles. Theater .
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