Econometrics Essay Example | Topics and Well Written Essays - 3750 words

Econometrics - Essay Example Apple still sells its computer directly to the customers using an online store through various outlets in the global domain (Geweke, Horowitz and Pesaran, 2008). At the same time, Apple stores sell its products via other retail outlets such as the mass-market distributors. By comparison, Apple and Gateway are almost equal in their size. They also respond to their business challenges using similar market strategies. The two firms are experiencing various significant difficulties in the present market. The death of Steve Jobs particularly affects Apple’s stock return and causes it to decline in its entire economy and financial performance. This is especially true with the sales of personal computers. The accounting practices of Apple Inc. are strongly harmonious with the international standard and give a declining performance in comparison with the Jobs time. The two companies Apple and Gateway show a revenues decline for the years between 2011 and 2013. Apple declined by 16.7% while Gateway declined by 14.6% from 2012 to 2013. During the fall in revenue for the two companies, Apple managed to reduce its operating expenditure by 4%. In the event, Apple is operating revenue reduced by 43 % (Angrist & Pischke, 2010). Apple also had positive results from its investments as well as in the interest income. On the other hand, Gateway experienced negative results in the same aspects. The collective impacts of the different performances were very poor for Gateway as opposed to Apple. Between the year 2011 and 2013 Apple declined in net income by 54.7%. Apple had a momentous operational return as far as liquidity is concerned. Its quick ratio had doubled. Profitability and Return on Equity increased almost 69 times while its inventory management increased more than ten times faster. These factors were the driving force for the fundamental financial features and differences. The fundamental factor for the negative developments in Apple after the

Parallels between Scottsboro and Maycomb Essay Example for Free

Parallels between Scottsboro and Maycomb Essay To Kill a Mockingbird, a classic novel written by Harper Lee, is focused on racism that takes place in Maycomb, Alabama during the 1930s, where African Americans were segregated by white men. Harper Lee said that the Scottsboro trial, which was a trial that started because of discrimination, inspired her on writing To Kill a Mockingbird. Despite the differences between the Scottsboro Boys and To Kill a Mockingbird, both of them had an impact on the racial implications and laws of the south. The Scottsboro Trials was a sad tragedy that took place in Alabama during the 1930s. While nine black youth, ages from 13 to 21, were on a train heading to Memphis, Tennessee to find a job, a fight between the nine black youths and a group of white men started. After the white men were kicked out of the train, they reported what had happened to a stationmaster, and the station master stopped the train at a town called Paint Rock. After the train stopped, a group of policed jumped on the train and arrested the nine black youths. When they are caught on the train, two white women, dressed in men’s clothes, were found hiding on the train. Then the two white women accused the nine black youths raping them without any evidence. Because raping in 1930s in the Deep South was a big crime, so many trials started. At the end, every one of the Scottsboro Boys were sentenced to death except for the youngest one, Roy Wright, who was 13 years old. The reason why the jurors did not sentence him to death is because of his age. Although he was not sentenced to death, he was still sentenced for spending his life time in jail (The Scottsboro Case (1931)) (Lanset). Maycomb, Alabama is the main setting that the book, To Kill a Mockingbird, took place. Maycomb and the Scottsboro Trials are similar because they both relate to the discrimination between African Americans and white men. It was Tom Robinson, who was accused of rape by a white woman, just as the Scottsboro Boys was, and he was sentenced guilty by all-white juries even though he did nothing wrong. Although he wasn’t sentenced to death, he was still killed by jail guards who shot seventeen bullets at him just because he tried to escape. To Kill a Mockingbird and the Scottsboro Boys are similar because Harper Lee based her story on the Scottsboro Trials. The first case took place during April 1931, and it was taken to the juries around three pm. For less than two hours, the juries announced the verdict, death penalty; after the crows outside heard it, they yelled of approval. Also, the juries also warned people who were in the courthouse that there must be no demonstration staged after the verdict, so the people in the courtroom just applauded, while people outside cheered wildly. The second trial that was held on April 8th, for eighteen-year-old Haywood Patterson. Then the jury announced a verdict of death penalty within three hours. The third case was tried with five boys; Olin Montgomery, who was seventeen and nearly blind, Andy Wright (18 years old), Eugene Williams (17 years old), Willie Robeson (17 years old), and Ozie Powell, who was 16 years old. During this trial, Willie RObeson was suffering from a bad venereal disease, so it was pretty much impossible to rape somebody with that disease. However, the case went to the jury at four pm, and next morning, the verdict was still a death penalty. During the trials, Governor Benjamin Miller even sent the Alabama National Guard to Scottsboro to prevent a death sentence, but at the end, eight of the Scottsboro Boys were still sentenced to death, except for the youngest one, Roy Wright. Although Roy Wright wasn’t sentenced to death, he was still sentenced to be in jail for his whole life (Linder) (Salter). All the trials of Scottsboro started pretty much because of discrimination. On June 22, 1933, Jude James Horton was convinced that Victoria Price was lying because all her stories were inconsistent; also, she had no witnesses and medical evidences for her claims too. Another person, Dr. Lynch, who asked to talk to Horton privately, said that the girls were lying too. As a result, Judge Horton took his verdict of death penalty back, and announced that there will be a new trial. Attorney General Knight also promised that there would be evidences for Victoria Price’s rape story; Orville Gilley, a white boy on the train agreed to testify for the prosecution. William Callahan, a judge whose age is about 75, was going to participate in Haywood Patterson’s next trial on November 1933. During the trial, Judge Callahan cut off all the questions about Victoria Price’s chastity, character, and reputation. Also, when Leibowtiz queried Price about her probability of having sex with someone other than a Scottsboro Boy, Judge Callahan stopped him. He did these because he wanted to debunk this event off the American’s newspaper. Similarly to the Scottsboro trials, Tom Robinson’s trial in To Kill a Mockingbird also started because of discrimination. Mayella wanted to protect her dad, so she accused Tom, an African American, of raping her. She accused a black guy because she knew that in a fight, white men always win (Linder). The Scottsboro Trials incident had impacted the community’s racial climate and the ideologies during the 1930s. Firstly, it had forced the country to look back to their racial practices although white men disliked black men. Secondly, the African Americans changed from republicans to democratic community. Thirdly, the Scottsboro Trials made black men realize how badly the white men were treating them. For example, racial practices and how they were looked upon by law. Lastly, it also changed the way the legal system of the United States is viewed. Because of the Scottsboro Boys, the African Americans learned to fight for their rights†¦ (Ross) (Scottsboro Boys Hist2081) The discrimination between African Americans and white men was the reason why the Scottsboro Trials and the trial in To Kill a Mocking happened. Although black men lost in their trials, they later realize their power, and started to fight for their rights. The Scottsboro Trial is an event that impacted the whole world, especially America, making them realize several things they had done wrong, and to never repeat it again.

Teachers as Mentors in Critical Pedagogy :: Teaching Learning Essays

Teachers as Mentors in Critical Pedagogy The young world history teacher stood stern and erect before her students. Around the side of her arm she wore a black cloth. "My name is Ms. Aping. When you are responding to me, you will direct me standing up as Ms. Aping, ma’am. You are not to speak unless I request for you to do so. I will teach you what you need to know, and I expect you to learn it well†¦questions are quite unnecessary. If you fail to abide by my rules you will spend a great deal of your lunchtime with me. Understand?"†¦ An awkward silence followed, then voices raised, "Yes, Ms. Aping, ma’am." My voice was among the reluctant echoes in response to this teacher who was clearly exerting the same right and power of a dictator. I later discovered that my teacher was only executing a realistic performance. The scenario, however, proved quite disturbing as well as revealing. Why was it that not a single student stood up to disagree with the teacher? I doubt any of them felt that her extreme an d absurd regulations were right or even permitted, but not one person had the courage to go up and question her style of teaching and authority. Our educational system, while wanting to educate and strengthen its youths’ minds, has horribly done the opposite through an almost misguided perception of how teachers are supposed to teach. For the majority of our academic learning careers, we have been exposed, to some extent, to the "banking" concept of education described by Paolo Freire. At the youngest age, when we were perhaps considered the most unknowledgeable, we were fed a vast amount of information by our teachers, and were expected to receive and memorize this knowledge and accept it as true. As young elementary school kids, we were taught that Christopher Columbus was the first human being to discover America, only to find out later, that information was not true. These half-true facts, taught to children, are quite acceptable though. It is simple for a child to learn and memorize that Columbus first sailed the ocean blue and founded America for the rest of the world. On the other hand, much energy is needed and confusion may arise for them to acquire and comprehend the immigration of Native American Indians into America, much before the arrival of Columbus, and the possible voyage of early Vikings from northern Europe to the southern coast of present day Canada.

Critical Approach on Calvin Klein X Essay

To analyse this advertisement campaign, we use the critical approach theory. The first principle of this theory states that, all media messages are constructed. Some information is included, but much is also left out. Questions are not asked. Using this approach, we realize that in the Calvin Klein X ad campaign we chose, we only see images of muscular men but not pictures of scrawny looking men. The question is, does wearing Calvin Klein X make you look muscular and hot? Is CK X the only way to make you look good? The way the X is placed on the men’s bodies brings the attention of the viewers to the body and not the product itself. What does this mean? The Ad is in black and white, is there a reason for this? The second principle of the Critical approach theory states that Media messages are constructed using a creative language with its own rules. The typography of the X used in the campaign looks as if it is 4 arrows combined together, pointing at the product. The background colour of the Ad is white, to not draw the attention of the viewers away from the muscular men wearing the product. The way these models pose will engage the interest of viewers. Hard lighting is used in the Ad to make the models appear very strong. The shot size of the Ad makes the viewers focus on the big X right in the centre of the body. The third principle states that Different people experience the same media message differently. Men will think that wearing CK X will automatically make them look hot and women will think that if their boyfriends wear CK X, it will make them look hot. However, some men might think that this Ad objectifies men into eye candy. This Ad would be more directed to the adults, kids would not be interested in this. Furthermore, parents who are more conservative and people of the older generation, especially in the Asian context will think that this Ad is disgusting. People who are more religious and believe in that not showing your body to the public will not like this either. They would not be interested in the product too. The fourth principle states that the media consists primarily businesses driven by a profit motive. Because of the profit motive, the media will do anything to gain revenue. Thus at times, sensitive topics and images are brought up. This is because it will engage the interest of many people and when they are interested, they will automatically purchase the product. Even if they do not purchase, the â€Å"hot topic† will be spread around through word of mouth, gaining the attention of everyone. The fifth and last principle of the critical approach theory states that the media has embedded values and points of view. The Ad gives the point of view that in order to be hot and muscular, one has to wear CK X. The Ad is as though it is saying that is ok to be open about your body as the men in the Ad are not clothed. Not everyone will agree with this values and point of views and thus, this Ad will not be able to reach out to everyone except to those who are interested.

An Assessment of the Impact of Mortgage and Non-Mortgage Loans

Toby Clark a senior financial analyst in MINTEL comments â€Å"There is a major need for financial education and for a drive to prompt borrowers to take a fresh look at their debts. Without a detailed understanding of exactly how much they owe and what rates they are paying, it is easy to see how the situation could spiral out of control†. This statement clearly highlights the position of the average British consumers as far as their mortgage and non-mortgage debts are concerned.It is observed by the report from MINTEL that the British consumers who have outstanding mortgage debts have a better control on the amount of their outstanding than the non-mortgage debt consumers. When the mortgage holders were asked to estimate the amount of the outstanding loan they could estimate the figure at ? 92,200 which matched with the estimation of ? 95,000 made by Bank of England and mortgage lenders. There are different purposes for which the consumers obtain mortgage and non-mortgage loa ns.The purposes also differ between different income earners. The high income earners borrow for paying a house, buying a second home or for paying the university or school fees of their children. Whereas the low income earners have totally different purposes of taking the loans like bringing up their children; paying their tax bills or meeting their regular commitments. Irrespective of the purpose for which the loans are taken the loans do have an impact on the financial soundness of the borrowers.On few occasions and for few consumers the loans become handy to take care of their financial struggle but in most of the cases the loans have had adverse impact only on the lives and finances of the consumers. Especially when the average consumer does not even know the extent of their debts the impact would be still worse. â€Å"Many debt problems are caused by poor decision making, with taking on more debt to pay back what debt you already have not always a wise move, according to the free and impartial debt advice organisation Debt Free Direct.† (Linkroll) In most of the cases the consumers get in to debt traps either due to poor decision making or not being accurately able to assess the impact the debts have on their financial capabilities and standing. This includes the decisions of debt consolidation. Quite often consumers think that debt consolidation is the best solution for solving their debt problems which will only aggravate the burden to the already debt trapped consumers. The loan burden on the borrowers is made to increase by the actions of the lenders also.Luring the customers in tot taking additional loans with the intention of just increasing their lending activities and without assessing the capabilities of the borrowers to pay back the loans often take the borrowers to a point of no return. â€Å"A number of Britons report that their debt problems are causing them difficulties in other areas of their life, according to a new study. In rese arch carried out by R3 – the Association of Business Recovery Professionals – one out of six consumers are said to be unable to manage with repayments on secured loans and credit cards†. (Loan Arrangers)With this background I intend to make an analytical study of the British Loan Market and its impact on the average British consumers. In the process I also intend to study the kinds of mortgage and non-mortgage loans available to the consumers in the UK. 1. 1 RESEARCH OBJECTIVES This study has among other things the following central objectives: 1. Studying the psychological and economical reasons for the British consumers getting in to the debt trap. 2. Analytical study of the impact of the various loans on the lives and financial wellbeing of the average consumers – including mortgage and non-mortgage loans.3. Studying the role of the banks and other lending institutions on extending the debt burden of the average British consumer 1. 2 RESEARCH QUESTIONS This study by undertaking a detailed research in the subject tries to find plausible answers for the following research questions: 1. What are the prime reasons that make the British consumers to get into the debt trap? 2. What are the major impacts that the mortgage and non-mortgage loans have on the lives of the average British consumers? 3. What are the different ways that an average British consumer can manage the debts effectively? 1.3 STRUCTURE OF THE DISSERTATION In order to present a comprehensive paper I intend to divide the paper into the different chapters. While chapter 1 introduces the subject matter of the study to the readers along with stating the research objectives and questions, chapter 2 makes a detailed review of the available literature on the subject of the impact of debts on the British consumer. Chapter 3 makes a detailed presentation of the research methodology adopted by this study for conducting the research. In chapter 4 I have included the findings of t he research and a detailed discussion on the analysis of the findings.Concluding remarks recapitulating the issues discussed in the paper and few suggestions which will enable the British consumer to manage his debts are included in the chapter 5. CHAPTER 2 LITERATURE REVIEW CAPM, Bonds, Securities, Economics, Finance This chapter presents a detailed review of the available literature on the debt creation by the British consumers and the impact of such debt creation on the bond and securities market, on the finance and monetary policy and economic situation of the country apart from the life styles and financial status of the individual consumers. 2.1 IMPACT OF DEBT CREATION ON BOND AND SECURITIES MARKET: A latest report from Bloomberg. com says â€Å"European 10-year bond yields held near a three-month low as an Australian hedge fund filed for bankruptcy protection on losses related to a slump in U. S. home loans, prompting speculation global economic expansion will slow. † (Lukanyo Mnyanda, 2007) There has been a widespread skepticism about the future of the bond market because of the higher levels of failure in the sub prime mortgage repayments. This phenomenon has also been felt in the UK which is evident from the statement of the credit rating firm Standard & Poor.â€Å"Standard & Poor's said business conditions for securities firms are worse than in the second half of 1998 when trading revenue slumped 31 percent after Russia's debt default. Revenue from investment banking and trading could fall 47 percent in the final six months of this year, the ratings company said. † (Lukanyo Mnyanda, 2007) 2. 1. 1USE OF OPTIMIZING MODELS IN THE CONTEXT OF CONSUMER DEBT: On the basis of micro economic foundations there are certain models that analyse the likely economic consequences of structural changes in the economy.Though in general these models help the analysts to comment upon microeconomic foundations, sometimes these models are found inappropriat e for analyzing such consequences. â€Å"This is because their parameters are generally complicated functions of an economy’s technology, institutions and government policy, and the preferences of economic agents. Subsequent changes in any of these structural characteristics would mean that those parameters, and hence the relationships between key economic variables, would be expected to change. † (Bank of England)However the optimizing models enable the analysis of the deep structural relationship which is dependent upon the individual variables in relation to the economic shocks and their identification. The optimizing models â€Å"describe the intertemporal optimisation problems facing economic agents. They often try to capture the interactions between the different types of agent in the economy (consumers, firms, government, foreign sector), each of which is assumed to solve well-defined dynamic optimisation problems, subject to certain informational and technolog ical constraints.These models can be used to analyse how economic agents might optimally respond to various demand and supply shocks that have or might hit the economy, or to changes in the structure of the economy. Equally, they can be used to examine likely explanations for observed patterns of behaviour in the data. † (Bank of England) These models are useful in †¢ Modeling consumer behaviour including consumer spending †¢ Applications to financial markets †¢ Analysis of the labour market †¢ Analysis of the role of money One of such models being widely used is the CAPM which can provide useful insights into the reasons behind the financial market changes.However there is a serious limitation of this model is that it does not perform well in the empirical tests. 2. 2 IMPLICATION OF THE RISE ON THE HOUSEHOLD DEBT ON THE MONETARY POLICY: It is observed that the increase in the household debt in the UK over the last three decades was the result of the contin ued increase in the owner-occupied buildings and the number of mortgages created as a proportion of the total households. The rise in the prices till the time of the sub prime mortgage issue was also because of this increased private ownership of the houses.However it is interesting to note that the increase in the household debt didn’t have much impact on the consumption growth. This was due to the fact that the households were focused on the accumulation of financial assets during the recent past. â€Å"Finally, while it is possible that higher levels of debt may make household consumption more sensitive to interest rate changes, this may easily be offset simply by moderating these same changes. † (Stephen Nickell) While there was some contraction in the economies of US and Germany, the UK economy remained strong during the year 2001.There was a significant relaxation in the monetary policies of the country during this period and hence the UK economy witnessed an inc rease in the domestic demand though the situation was different with the world economy which was weak and was suffering a fall in investments. The increase in the domestic demand made the overall growth rate of the economy positive. However some of the economists were of the view that such a growth in the UK GDP as against the widespread recession in other developed countries was possible only at certain implied costs.For Example in an article in ‘The Observer’ dated 27th March 2005 Fred Harrison noted that â€Å"Encouraged by low interest rates, people went on a spending spree. They reduced savings and extracted equity from their homes to fuel a consumption boom† A similar view was expressed by Hamish McRae in his article in the ‘The Independent’ stated â€Å"What is, however, clear is that the credit-fuelled spending boom is, one way or another, coming to an end†. (The Independent dated 16th March 2005). Hence it was observed that booming co nsumption resulted in a rapid expansion of debt.Thus there has been a significant increase in the debt to income ratio which was a matter of serious concern to the analysts and the financial economists. In this context Philip Thornton made the following remark in the ‘The Independent’ issue dated 30th July 2003 â€Å"Britons piled on an all-time record amount of debt last month, triggering fears that consumers have embarked on an unsustainable borrowing binge that will end in a crash reminiscent of the early 1990s† 2. 2. 1 RELATIONSHIP BETWEEN INCOME, CONSUMPTION AND HOUSEHOLD DEBTS:Generally it is assumed that the macroeconomic policies of the UK government had resulted in a house price bubble coupled with a boom of the consumer spending. Thus the economy got missed out from the impact of the global recessionary trends. However Stephen Nickell argues that over the period 2000 to 2003 which was supposed to be the consumption boom the average quarterly consumption growth was only 0. 77 percent very similar to the average consumption rate of 0. 72 percent that was existed over the last twenty five years.The consumption rate was also below the average consumption rate in the previous period 0f 1996 to 1999. â€Å"From 1998 to the end of 2003, the proportion of post-tax income that was consumed was relatively flat, hardly evidence of a debt fuelled consumption boom. Nevertheless, mortgage equity withdrawal (MEW) plus unsecured credit growth rose from around 2% of post-tax household income in 1998 to over 10% in 2003. So there was indeed a significant rise in the rate of household debt accumulation from 1998 to 2003 despite the fact that the ratio of consumption to post-tax income remained stable throughout.† (Stephen Nickell) With this argument the author proceeds to state the majority of mortgage equity withdrawal leads to increased financial assets accumulation and not to increased consumption. Further it is also argued that there is a strong relationship between the aggregate secured debt accumulation and aggregate financial asset accumulation especially in a period of rapidly spiraling house prices. Similarly there is no strong relationship between the factors of aggregate consumption growth and debt accumulation. In that case the following will be the effect of the household debt on the monetary policy.2. 2. 2 HIGHER LEVELS OF DEBT AND MONETARY POLICY: May et al (2004) observed â€Å"In 1975, household debt was around 38% of household post-tax income. By 2004, this had risen to around 125%. Currently, over four-fifths of household debt is secured on property, ie. consists of mortgages, and around 95% of all household debt is held by mortgagors. † As already stated the important factor causing the rise in the household debt was the increase in the number of owner-occupied buildings and the proportion of the houses carrying a mortgage.Another factor that contributed the increase in secured debts is the ch ange in the mode of financing by leaving the front end loading of the repayment of mortgages. Such a method of financing has lead to higher loan to income ratios. It also resulted in higher mortgages relative to income. Based on these basic premise there are three arguments that can be support the view that the household debt is a predominant factor in the determination of the monetary policies. 1. The first argument is based on the concept that the there will be significant impact on the bahaviour of the economy due to shocks if there is a high level of household debts.As observed by Griffiths commission â€Å"Debt is a time-bomb which could be triggered by any number of shocks to the economy at any time† (The Griffiths’ Commission, 2005, Executive Summary). Though any adverse economic shock will have the impact on the employment and the consumption levels, higher levels of debts will make the conditions worse. â€Å"The excessive debt may still induce greater precau tionary saving and a larger drop in consumption. Overall, it is hard to tell whether higher debt levels will generate a significant additional cut back in consumption which cannot be modified by easier monetary policy†2. The second argument is based on the possibility that the there may be a cut in the consumption due to the sudden realization of the debtors about the real interest on the debts and their extent of exposure to the debts in spite of their efforts to reduce the level of debts. This will create severe macro economic problems leading to large scale adjustments in the monetary policies. However this argument is countered by indicating that the inexperience of the secured debt holders being young and there may be occasions that these people may behave in an irrational way to reduce the consumption.But such phenomenon can not be identified with a majority of debts. 3. The third argument was based on the fear that with more number of people the more will be the trouble when there is a collapse in the housing market. This fear has become true presently with housing boom bubble exploding. â€Å"If house prices fall by 30 or 40 per cent, more people with mortgages means more people in negative equity. Of course, the consequences of this depend to some extent on the behaviour of lenders.If the mortgage debt continues to be treated as secured, even though some is not, then debt service costs remain unchanged. So a lot will then depend on the collateral damage associated with the collapse in the housing market and what caused it in the first place. The issue is, if some disaster happens in the housing market, does the fact that more people have mortgages make the consequences very much worse? So much worse, indeed, that monetary policy should be used to discourage individuals from taking out mortgages. † 2. 3 DIFFICULTIES OF CONSUMERS BECAUSE OF DEBT CREATION – AN OVERVIEWAccording to a research conducted by R3 – the Association of Business Recovery Professionals one out of six consumers find it difficult to manage the repayment of their secured loans and credit card payments. â€Å"Of those struggling the most with their day-to-day finances, 21 per cent of respondents were reported to have encountered debt problems as a result of becoming ill, with a third (33 per cent) highlighting redundancy as the source of their monetary difficulties. † (Secured Loan News) Educational loans taken for higher studies form a major proportion of debts to be repaid by the 50 percent people in the age group of 18 – 24 years.The same is the case with one third of the people in the age group of 25 – 34 years still struggling to settle the loans taken for their educational purposes. A study carried out by Abbey in early 2007 showed that the British consumers had to pay ? 48. 7 billion by way of unexpected bills and charges over the previous year. On an average 79 percent of the British people have spent money on unbudgeted things and the average cost of such spending is estimated at ? 1375. Some of the issues identified with the debt creation in the UK are:? The personal lending figures stood at ? 1,318 billion as of July 2007 signifying that the British consumers are indebted on an average twice as the citizens of other European Countries. The people with serious debt management problem are estimated at 7 to 9 million Britons. ? A majority of the people have no savings or definite plans for savings to meet any unexpected future expenditure. A proportion of less than 50 percent of the people only have made adequate provisions for meeting the exigencies of a drop in their income level or other serious financial difficulties.? Some important statistics indicate that a substantial proportion of the population suffer from serious financial worries and resultant stress due to the increase of their debt burden. These statistics show that â€Å"74% of British couples find money the most diffi cult subject to talk about; 32% lie to their partners about how much they spend on credit cards; 35% are kept awake at night worrying about their finances†. ? According to the estimate from Bank of England around 50 percent of the people who have identified their debts as a serious burden on them belong to the lower income groups.It is the case with those people who live in the housing provided by the loca authorities are likely to live in debt burden at two times the average person has. ? Debts being burdensome on their own are also responsible for several other social problems and debt and these problems are interdependent on each other in terms of their cause and effect. Groups of people like those out of work, school dropouts, people from single parent families or unemployed parents are more likely to have serious debt management problems. 2. 4 REASONS FOR DEBT CREATION Consumers obtain loans for different purposes.Similarly people in different income groups and different strata of life opt for secured and unsecured loans for various purposes depending on their life styles and needs for different purposes. The main reasons cited for increase in the debts of the consumers is the increased availability of the loans, overspending and the desire to ‘buy instantly’ doing major purchases like purchase of cars or spending on a foreign vacation. The debt management problems of majority of the British consumers have arisen due to these and other reasons most of which are emotional spending.However why people get into serious debt problem is a very complicated question to find the answers there for. Though there are several factors responsible for leading the consumers to severe debt problems the following are some of the major causes that create a ‘debt trap’ for the British consumers: 2. 4. 1EASY AVAILABILITY OF DEBT: In recent years the economy of the country was doing extremely well resulting in lower rates of inflation, low inter est rates and low levels of unemployment.This economic buoyancy there had been an increased demand for the credit and the cost of such credit was low. The highly competitive financial services industry had been innovative to find many a number of products to suit the needs of various strata of people. â€Å"Today over 400 mainstream financial institutions compete fiercely to satisfy consumer demand. † (Lord Griffiths of Fforestfach) In this background it can be said that the easy availability of credit was the main reason for the creation of more debts by the average consumer.2. 4. 2 DIFFERENT TACTICS OF THE LENDERS TO ATTRACT THE PEOPLE Although the banks do not explicitly solicit or lure the vulnerable people to sell their financial services products, the products themselves have been so designed in addition to the lending practices of the banks to target the vulnerable people. Such practices include â€Å"aggressive marketing; a lack of transparency in calculating the cos t of borrowing; undue care in lending and a lack of data-sharing. † (Lord Griffiths of Fforestfach)Though it cannot be said that the banks and other lending institutions purposely target the vulnerable people â€Å"customers are often enticed into over-borrowing with disastrous consequences; research evidence suggests there is a strong correlation between serious indebtedness, drug and alcohol addictions and family breakdown. † (Lord Griffiths of Fforestfach) This often leads to a situation where the vulnerable people stand the chances of more likely to get into serious debt problems. 2. 2. 3 LOW FINANCIAL CAPABILITIESIt is observed out of a poll conducted in the year 2004 that 33 percent of the people in the UK are not confident enough to handle money issues and only 30 percent of them even knew the basic interest calculations which forms the basis financial intelligence. If this is kind of financial knowledge that an average British consumer has then there is no doubt that such people may not be in a position to make sound financial decisions concerning their personal finances including availing of secured and unsecured loans.Such lack of financial knowledge will make them drown in serious financial struggle as a result of unmanageable debts they have contracted. 2. 4. 4 LACK OF SAVING CULTURE: The trend of today’s Britain is ‘buy now and pay later’ as against the traditional way of living of saving money to buy assets. This has seriously disturbed the saving habit of the people over the period of time. In the current scenario more than 50 percent of the British pensioners make a cut on their other needs to settle their annual fuel bills.The decline in the habit of saving is one of the main reasons for the increased debt problems. Unless the saving habit of the people change drastically the situation of debt problems is likely to grow into greater magnitude. 2. 4. 5 MATERIALISTIC ATTITUDE OF THE MODERN SOCIETY The attitude of the society towards borrowing and its effects on life has considerably changed over the last few decades. Credit is no more considered as dangerous as it was perceived once upon a time. Now it is considered as more neutral and beneficial to the society.With this change in the attitude people have become more materialistic to obtain loans to buy the things irrespective of the need for such things in their lives. This is evident from the buying habits of British consumers exhibited in the following section. In one of the surveys conducted by Abbey, the financial service provider, it is learnt that â€Å"Britons have spent more than ? 169 billion on items that they rarely, if at all, use. Overall the average consumer has paid out some ? 3,685 through unnecessary objects, which could consequently impact upon their ability to handle their day-to-day finances.† (Secured Loan News) The survey also revealed that half of all consumers own an expensive clothing item which they wear on ly occasionally and over 35 percent of them have unworn shoes. â€Å"However, women were reported to be driving pointless fashion spending. Some 58 per cent of females were said to have unused garments, with this figure falling to 45 per cent for footwear. Meanwhile, spending on such products accounted for 45 and 23 per cent respectively among men. † (Secured Loan News)Electronic items, computer game console or video cameras and cooking equipments, repeated purchase of fine china items, exercise equipments, beauty gadgets that are not frequently used are some of the other items on which the British consumers spend their money and create debts for themselves. â€Å"However, financial problems could be particularly increased for those 288,000 people who have bought a second home in Britain which they claim to make little use of, which as a result may see them to struggle to make secured loan repayments. † (Secured Loan News) 2. 5 LEVEL OF CONSUMER CREDITThere has been a steady growth in the consumer lending in the period during the 1990s to early 2000s. But the growth has been sluggish after the climb in the last decade. According to the statistics released by Datamonitor â€Å"unsecured Loans and borrowing via other forms of consumer credit fell by 4. 5 per cent over the course of last year (2006) to ? 207. 8 billion†. (Secured Loan News) Maya Imberg the financial service analyst from Datamonitor says â€Å"A weaker labour market, combined with high consumer debts and weakened consumer confidence, meant that consumers cut down considerably on spending and aimed to repay more of their debts over 2006.† The study also indicated that the debt outstanding for an average customer stood at ? 4,522 in Consumer credit debt for the year 2006, which is against the ? 4,510 recorded for the year 2005. This outstanding debt figure was corroborated by the statistics released by the financial charity Credit Action which estimated the debt due by an average Briton at ? 4,550 by way of debts obtained on unsecured personal loans, credit cards, overdrafts and other forms of borrowing. This amount was estimated as at the end of March 2007.Credit Action has compiled the following statistics on the UK personal debt as on 1st of September 2007 which is alarming: ? â€Å"Total UK personal debt at the end of July 2007 stood at ? 1,355bn. The growth rate increased to 10. 1% for the previous 12 months which equates to an increase of ? 117bn. ? Total secured lending on homes at the end of July 2007 stood at ? 1,140bn. This has increased 11. 0% in the last 12 months. ? Total consumer credit lending to individuals in July 2007 was ? 214bn. This has increased 5. 3% in the last 12 months.? Total lending in July 2007 grew by ? 10. 3bn. Secured lending grew by ? 9. 2bn in the month. Consumer credit lending grew by ? 1. 1bn. ? Average household debt in the UK is ? 8,856 (excluding mortgages). This figure increases to ? 20,600 if the average is based on the number of households who actually have some form of unsecured loan. ? Average household debt in the UK is ? 56,000 (including mortgages). ? Average owed by every UK adult is ? 28,550 (including mortgages). This grew by ? 210 last month. ? Average outstanding mortgage for the 11.8m households who currently have mortgages is ? 96,560 ? Average interest paid by each household on their total debt is approximately ? 3,700 each year (this equates to 9% of take home pay). ? Average consumer borrowing via credit cards, motor and retail finance deals, overdrafts and unsecured personal loans has risen to ? 4,515 per average UK adult at the end of July 2007. ? Britain's personal debt is increasing by ? 1 million every 4 minutes. † (Credit Action) A pictorial representation of the growth in the UK personal debt is depicted below

American Beauty1 essays

American Beauty1 essays American Beauty tells the story of one man's search for happiness. The film introduces the audience to Lester Burnham, an ordinary- looking married man and father in his forties. Lester is in a loveless marriage. Lester's wife, Carolyn, is so wrapped-up in her real estate career that Lester often claims that Carolyn doesn't even acknowledge him. Furthermore, Lester's daughter, Jane, is completely distant, often claiming how "pathetic" she thinks her father is. Moreover, Lester has dedicated fourteen years to his occupation, and suddenly, he is in danger of losing his job due to downsizing. All of these factors dramatically effect Lester and culminate into feelings of desperation and vulnerability for him. Lester is therefore in search of an escape and a rebirth. He is seeking the slightest possibility of happiness. Throughout the story Lester is consistently reminiscing on his past; wishing he could have it back. In the beginning portions of the story, Lester, as the narrator, states that "it is never too late to regain your past." The catalyst to this frame of thought is Jane's friend, Angela. Lester feels excited by the thought that a teen-age girl thinks he is "hot." Lester overhears Angela state that she would have sex with him if Lester would start working-out and build-up his body. This drives Lester to change himself completely. Lester, in desperate search of happiness , finds an escape in Angela. Much like a hormone-driven teenage boy, Lester thinks that if he can "score" with a "bombshell" like Angela, then he will be reborn. Lester's mission for happiness and escape is further perpetuated by his eighteen year old neighbor, Ricky. In Ricky, Lester sees his model for rebirth. Lester calls Ricky his "hero" and is in awe of Ricky's confidence. Lester, then begins a transformation back to his stereotypical understanding of what a teenager is. Lester begins to work-out, smoke pot, and drink beer. Much like a teen, he...

Major General Alexander Hayes in the Civil War

Major General Alexander Hayes in the Civil War Alexander Hays - Early Life Career: Born July 8, 1819 at Franklin, PA, Alexander Hays was the son state Representative Samuel Hays.   Raised in northwestern Pennsylvania, Hays attended school locally and became a skilled marksman and horseman.   Entering Allegheny College in 1836, he left the school in his senior year to accept an appointment to West Point.   Arriving at the academy, Hays classmates included Winfield S. Hancock, Simon B. Buckner, and Alfred Pleasonton.   One of the best horsemen at West Point, Hays became close personal friends with Hancock and Ulysses S. Grant who was a year ahead.   Graduating in 1844 ranked 20th in a class of 25, he was commissioned as a second lieutenant in the 8th US Infantry. Alexander Hays - Mexican-American War: As tensions with Mexico increased following the annexation of Texas, Hays joined Brigadier General Zachary Taylors Army of Occupation along the border.   In early May 1846, following the Thornton Affair and beginning of the Siege of Fort Texas, Taylor moved to engage Mexican forces led by General Mariano Arista.   Engaging at the Battle of Palo Alto on May 8, the Americans won a clear victory. This was followed the next day by a second triumph at the Battle of Resaca de la Palma.   Active in both fights, Hays received a brevet promotion to first lieutenant for his performance.   As the Mexican-American War ensued, he remained in northern Mexico and took part in the campaign against Monterrey later that year. Transferred south in 1847 to Major General Winfield Scotts army, Hays took part in the campaign against Mexico City and later aided Brigadier General Joseph Lanes efforts during the Siege of Puebla.   With the end of the war in 1848, Hays elected to resign his commission and returned to Pennsylvania.   After working in the iron industry for two years, he traveled west to California in the hopes of making his fortune in the gold rush.   This proved unsuccessful and he soon returned to western Pennsylvania where he found work as an engineer for local railroads.   In 1854, Hays moved to Pittsburgh to commence employment as a civil engineer.    Alexander Hays - The Civil War Begins: With the beginning of the Civil War in April 1861, Hays applied to return to the US Army.   Commissioned as a captain in the 16th US Infantry, he left this unit in October to become colonel of the 63rd Pennsylvania Infantry.   Joining Major General George B. McClellans Army of the Potomac, Hays regiment traveled to the Peninsula the following spring for operations against Richmond.   During the Peninsula Campaign and Seven Days Battles, Hays men were predominantly assigned to Brigadier General John C. Robinsons brigade of Brigadier General Philip Kearnys division in III Corps.   Moving up the Peninsula, Hays took part in the Siege of Yorktown and the fighting at Williamsburg and Seven Pines.            After participating in the Battle of Oak Grove on June 25, Hays men repeatedly saw action during the Seven Days Battles as General Robert E. Lee launched a series of attacks against McClellan.   At the Battle of Glendale on June 30, he earned high praise when he led a bayonet charge to cover the retreat of a Union artillery battery.   In action again the next day, Hays helped repel Confederate attacks at the Battle of Malvern Hill.   With the end of the campaign a short time later, he departed for a month of sick leave due to partial blindness and paralysis of his left arm caused by combat service. Alexander Hays - Ascent to Division Command: With the failure of the campaign on the Peninsula, III Corps moved north to join Major General John Popes Army of Virginia.   As part of this force, Hays returned to action in late August at the Second Battle of Manassas.   On August 29, his regiment spearheaded an assault by Kearnys division on Major General Thomas Stonewell Jacksons lines.   In the fighting, Hays received a severe wound in his leg.   Taken from the field, he received a promotion to brigadier general on September 29.   Recovering from his wound, Hays resumed active duty in early 1863.   Leading a brigade in the Washington, DC defenses, he remained there until late spring when his brigade was assigned to Major General William Frenchs 3rd Division of the Army of the Potomacs II Corps.   On June 28, French was transferred to another assignment, and Hays, as the senior brigade commander, took command of the division. Serving under his old friend Hancock, Hays division arrived at the Battle of Gettysburg late on July 1 and assumed a position towards the northern end of Cemetery Ridge.   Largely inactive on July 2, it played a key role in repelling Picketts Charge the next day.   Shattering the left side of the enemy assault, Hays also pushed part of his command out to flank the Confederates.   In the course of the fighting, he lost two horses but remained uninjured.   As the enemy retreated, Hays flamboyantly seized a captured Confederate battle flag and rode before his lines dragging it in the dirt.   Following the Union victory, he retained command of the division and led it during the Bristoe and Mine Run Campaigns that fall.    Alexander Hays - Final Campaigns In early February, Hays division took part in the abortive Battle of Mortons Ford which saw it sustain over 250 casualties.   Following the engagement, members of the 14th Connecticut Infantry, which had sustained the bulk of the losses, accused Hays of being drunk during the fighting.   Though no evidence to this was produced or immediate action taken, when the Army of the Potomac was reorganized by Grant in March, Hays was reduced to brigade command.   Though unhappy with this change in circumstances, he accepted it as it permitted him to serve under his friend Major General David Birney.   When Grant commenced his Overland Campaign in early May, Hays immediately saw action at the Battle of the Wilderness.   In the fighting on May 5, Hays led his brigade forward and was killed by Confederate bullet to the head.   When informed of his friends death, Grant commented, â€Å"He was a noble man and a gallant officer.   I am not surprised that he met his death at the head of his troops.   He was a man that would never follow, but would always lead in battle.† Hays remains were returned to Pittsburgh where they were interred in the citys Allegheny Cemetery.   Ã‚     Ã‚   Selected Sources Major General Alexander HaysHistory Central - Alexander HaysUnion Generals: Alexander Hays

How to Write a Perfect Cosmetology Resume (Examples Included)

How to Write a Perfect Cosmetology Resume (Examples Included) someone once said â€Å"the clothes make the man,† but whoever that person was, he or she must not have had a great haircut. or facial. if you have had such an experience, then you know how much better and more confident you feel after a good appointment with your friendly local cosmetologist, who can help you make exactly the tweaks you need to make yourself shine. if you’re one of these skilled professionals yourself, think of your resume revamp as a makeover: taking what you’ve already got, and putting some gel and maybe a good moisturizer on it to take it to the next level. if you’re an aspiring cosmetologist or one who already knows the ropes, the key to your next great opportunity is your resume. as you start to think about how to construct your best resume, let’s look at three cosmetologists on slightly different paths: one just starting out, one hair stylist, and an esthetician.first up is ginny, who’s just starting out in the cosmeto logy field.download this resume in ms worduntil recently, ginny was a student, gathering experience while she completed her certificate and got her cosmetology license. so while she hasn’t been a fulls)How to Write a Perfect Occupational Therapist ResumeHow to Write a Perfect Physician Assistant Resume (Examples Included)How to Write a Perfect Receptionist Resume (Examples Included)How to Create a Perfect Retail ResumeHow to Write a Perfect Sales Associate Resume (Examples Included)How to Write a Perfect Social Worker Resume (Examples Included)How to Write a Perfect Truck Driver Resume (With Examples)

Annotated Bibliograpgy Essay Example | Topics and Well Written Essays - 1000 words

Annotated Bibliograpgy - Essay Example (2007)] 7. Healing Emotional and Psychological Trauma [Help Guide (2008)] 8. Strategies to prevent injury [Abernethy L. & Bleakley C. (2007)] 9. Future trends in treatment of sport injuries [Niams.nih (2009)] 10. Conclusion Annotated Bibliography 1. Smith, R.E., Smoll1, F.L. Ptacek1, J. T. (1989). Conjunctive Moderator Variables in Vulnerability and Resiliency Research: Life Stress, Social Support and Coping Skills, and Adolescent Sport Injuries. University of Washington. This source focuses on demonstrating the conjunctive impacts of two psychological factors; psychological coping skills and social support. The source gives a overview of the number of injuries that occur among athletes in the US. The injuries are mainly caused by biomechanical and physical factors and to some level by psychosocial factors. Referring to studies conducted in the past, the authors state that some moderator variables may affect the relationship that exists between vulnerability to injury and life events . The source advocates teaching athletes psychological coping skills and increasing social support with an aim of increasing their resiliency. 2. Birrer,  D.,  Horvath,  S., Meyer,  S.,  Moesch,  K.,  &  Seiler,  R. (2007). ... The source specifically seeks to establish if the stability of various psychological variables impacts rehabilitation. Some of the variables that are investigated include anxiety, social support, self control, internal locus of control and degree of adherence among others. This source is important in establishing the relationship that exists between various factors and how well rehabilitation of athletics who get injured in the course of playing respond to treatment. 3. Glazer,  D.  (2009). â€Å"Development and Preliminary Validation of the Injury-Psychological Readiness to Return to Sport (I-PRRS) Scale†.  Journal of Athletic Training,  44(2),  185-189.   This source focuses on the effects of injuries to sports people. The source states that apart from physical injuries, sports people undergo psychological distress in the event that they get hurt in the process of playing. Some of the predisposing factors to athletes’ injuries are psychosocial in nature ac cording to Glazer. The effects of returning to the field before sports people fully recover from psychological effects that result from injury include depression, lower performance, anxiety, fear, re-injury as well as possible injury of other body parts. The source emphasizes that there is need to measure athletes’ confidence levels before they are allowed to return to the playfield after sustaining injuries in order to avoid or mitigate the aforementioned effects. Glazer discusses the scales used to measure how ready or confident sports people are to engage in sporting activities after suffering injuries while playing. 4. Help Guide (2008) Healing Emotional and Psychological Trauma Symptoms, Treatment, and Recovery.

1 page for Leaflet about Bikesharing system already prodived your Assignment

1 page for Leaflet about Bikesharing system already prodived your examples - Assignment Example The message will be delivered to the market in different venues. This tends to aid in event awareness, on the healthy wise, the bikes are simple way of exercising they are propelled manually, this give a rider work out. This is advisable since its makes muscles flexible and burn out unwanted fats in the body. Our biking systems are so simple, easier and convenient way. They don’t disrupt pollution is either way neither through air nor land. This system is environmental friendly. It’s also requiring less skills and knowledge in its operation. This makes the user feel easier and smoother while using the system. It gives the free service on its users. Affordability is a major bit in this system. The prices are meant to suit different consumers financial capabilities. Its spare parts are also readily accessible, leading to easier and faster maintenance. Consumers are able to acquire the bikes at their best prices in the current market, enabling even lower and middle leveled class to enjoy the system. The bikes come with full package. Including, free registration numbers. These minimize bureaucracy involved in the process of registration, saving time and the extra costs occurred in the process. It gives riders free time to start enjoying its products on immediate basis. It enables the user to get full access of the holding documents, to provide full ownership of the bike. The authority will have the knowhow about the legal owner of the products, in case of

INTRODUCTION TO ACCOUNTING Essay Example | Topics and Well Written Essays - 2000 words

INTRODUCTION TO ACCOUNTING - Essay Example This common set of recognized accounting standards are collectively known as Generally Accepted Accounting Principles (GAAP).These standards provide information in how to properly communicate economic events or transactions (Investorwords, 2011). The conceptual framework of accounting provides the required information and guidelines regarding the objectives of financial reporting, the qualitative characteristics of financial information, operating guidelines and composition and required elements of financial statements. According to Financial Accounting Standards Board (FASB) the goals of financial reporting are to provide information that: Its useful for making investment and credit decisions Is helpful in assessing the value of future cash flows Identifies assets, liabilities and serves to identify changes in those resources and claims (Obaidat, 2007). In order to make financial information useful there are certain qualitative characteristics that all accounting information must po sses to prove useful in the decision making posses. These characteristics are (Cliffnotes, 2011): 1. Relevance-the accounting information provided to the user must make a difference in their decision making. Relevant financial information has to provide either predictive value, provide feedback value or both. Predictive value helps the user forecast future events, such as predicting future stock valuation or future earnings. Information that provides feedback value focuses on confirming or corrects prior information or assumptions . In order for information to be relevant it must be provided in a timely manner so it can provide the right information and at the correct timeframe where it can help guide the decision making process. 2. Reliability-It is expected that financial information must be free of material errors or persona bias. In order to be reliable the information provided must be verifiable, in order to prove that it is free from material errors or bias. As an additional r equirement the substance of the information provided must be a faithful representation of the economic events which it summarizes. The last prerequisite of reliable information must be neutral or free of bias. 3. Comparability-the usefulness of financial information is maximized when it can be compared with similar accounting information of other businesses or enterprises. This comparability can only be achieved when the different companies adopt the same accounting principles. In general comparability extends to all accounting not to only financial statements but to all accounting procedures such as costing, inventory and expense recognition. Since there are variations in GAAP and procedures that can be utilized the company must fully disclose the accounting methods used for the recording of financial events or transactions. 4. Consistency-The principle of consistency simply means that a company must use the same accounting principles and methodology from year to year. If a company decides to change any of its accounting practices and adopts a new method, it is the responsibility of management to prove that the new method provides a more accurate or meaningful representation of the financial information. There are a series of operating constrains and guidelines that serve as the foundation to any financial account. These guidelines are classified as assumptions, principles and constraints (Investorwords, 2011).

Chinese Aid in Africa Essay Example | Topics and Well Written Essays - 4000 words

Chinese Aid in Africa - Essay Example If nothing else, it is noteworthy that the two Asian giants are not so badly affected by the global economic downturn, unlike America which is still struggling to recover the 8 million jobs lost during the recession and undergoing a weak economic recovery. Without China and India, the world might have fared worse when the usual export markets of the United States and Europe are weak and cannot sustain demand for the worlds manufactured exports. Their domestic markets saved the day. Because of this increased role in the global economic arena, China and India have been under increased scrutiny from economists and politicians alike. There is increased discussion on how to harness these two giant economies to further global economic expansion despite its various differences in culture, strategic objectives, language and political environment. In the case of China, its history and culture are so vastly different from the West it has developed its own way of dealing with the new role and responsibility of suddenly being an economic and also military superpower. Although China and India are somewhat different from each other, it can be said their economic growth paths are not entirely unique (Kaplinsky & Messner 1). The impact of the two countries on the global political economy is largely due to their sheer size, both in terms of the economic output and population size. China alone accounts for nearly 20% portion of the entire human race while India accounts for 17%, as of the year 2004. It is quite interesting to see which country achieves first an economic miracle in terms of actual reduction in poverty levels. India had largely been self-sufficient as it was self-contained and started later than China in introducing free market and capitalist reforms (1992) while China had shed its socialist economic policies earlier (1979).  

Investigation of the crime or unlawful activity Essay

Investigation of the crime or unlawful activity - Essay Example For private investigators, their own learning and experience is the key. When in police as detectives in local, state, or federal agencies, the minimal educational requirement is high school diploma. Some departments may require 1 or 2 years of the college course or in some cases, a college degree. But most of them learn their skills from the intensive training in their agency’s police academy. They are supposed to comply with the law whether on or off duty. Besides, investigative agencies may hire specialized professionals such as forensic experts in case of the criminal investigation, CPA or other qualified management experts in case of the financial scam, depending upon the services required. Many such services are hired on the freelance basis. Expectations from society are high as they are seen as authority and the reliable figures to provide leadership and take charge of the situation.

Climate Change Essay and development Example | Topics and Well Written Essays - 1000 words

Climate Change and development - Essay Example The history has been witness to gradual and abrupt climate change through the millions of years which has been responsible for extinction of living organisms, including plants, animals and human life. The industrial revolution has been catalyst to the exploitation of natural resources like coal, wood and other types of natural resources. The post WWI has witnessed great leap in the advancing technology and increasing exploitation of natural resources like oil and natural gas. In 1970s and 80s, women’s contribution to the development processes had been recognized. In the southern countries like South East Asia, Africa, Australia etc. the exploitation of natural resources have been part of the development processes which have huge implications for environment and sustainable development. World development report asserts that if left unmanaged, the climate change will reverse development progress and compro ­mise the well-being of current and future generations (WDR, 2010). The human threats to the environment comprise of many significant factors that are important ingredients of development process. Population growth in the last quarter of the century saw an unprecedented increase in population bringing new challenges in its wake. Pielke et al. (2003) claim that climate change, causing extreme weather conditions and natural calamities, are much greater when they occur in regions having poor infrastructure, huge populations etc. The fast advancing technology and rapid globalization, including local migration, has adversely affected the ecological conditions. Carbon emission and green house effects are also major factors for climate change. The various drivers of climate greatly contribute towards sustenance of life and determine characteristics and distribution of ‘natural and managed system including the cryosphere, hydrology and water resources,

Investigation of the crime or unlawful activity Essay

Investigation of the crime or unlawful activity - Essay Example For private investigators, their own learning and experience is the key. When in police as detectives in local, state, or federal agencies, the minimal educational requirement is high school diploma. Some departments may require 1 or 2 years of the college course or in some cases, a college degree. But most of them learn their skills from the intensive training in their agency’s police academy. They are supposed to comply with the law whether on or off duty. Besides, investigative agencies may hire specialized professionals such as forensic experts in case of the criminal investigation, CPA or other qualified management experts in case of the financial scam, depending upon the services required. Many such services are hired on the freelance basis. Expectations from society are high as they are seen as authority and the reliable figures to provide leadership and take charge of the situation.

Recovery of Financial Markets and Institutions and Challenges in the Essay

Recovery of Financial Markets and Institutions and Challenges in the Post-Crisis Era - Essay Example According to the World Investment Report 2010 presented by United Nations Conference on Trade and Development, the world economies have recovered from the global financial crisis (UNCTAD, 2010). The aim of this report is to study the recovery of financial markets and institutions and challenges which these institutions are facing in the post-crisis era. In this research essay, the impact of financial crisis on three major stock markets of the world including FTSE-100, NIKKEE and DOW has been studied. Moreover, the underlying factors contributing to the downturn of the stock markets have also been discussed. The report also highlights the recovery process and the performance of the stocks in the post-crisis era. In this report, the prospects of financial regulatory reforms and financial sector and economic growth have been discussed. Finally, the new trends on the financial landscape and changes in institutions have been discussed.... The index started declining around the mid of 2008 and in the first quarter of 2009 the index reached to its lowest level in the history. Figure II: DOW Index Historical Performance of Five Years The following chart shows the NIKKIE 225 Index performance from 2007 to 2011. The table shows that the stock points declined very sharply at the end of year 2008 when stock markets were facing a huge impact of financial crisis. The index started declining around the mid of 2008 and in the first quarter of 2009 the index reached to its lowest level in the history. Figure III: NIKKIE Index Historical Performance of Five Years Underlying Factors Contributed to the Decline of Stock Markets The global financial markets are strongly integrated markets thanks to the rapid process of globalisation. One of the major factors that lead to the current financial crisis is the real estate bubble. Actually 80 percent of the U.S. market is securitised because excess capital globally has been pushed into the U.S. mortgage market (Stock Market Investors). Before the financial crisis, the world was facing the greatest expansion of leveraged debt and greatest explosion in the prices of the equity markets. All kinds of financial markets such as NASDAQ 100, Platinum futures, oil prices or gold stocks, started demonstrating the power of trend-following crows on the up and down sides of the markets and in this way the four-hundred years of market history destructed and with the unwinding of leveraged debt, the prices and confidence of investors destroyed (Wakefield, 2008). The financial crisis penetrated into the world’s stock markets because stock market is one of the major activities in the corporate world. Dash & Mallick explain that the indices of the stock markets

Dialectic Journal for Catcher in the Rye Essay Example for Free

Dialectic Journal for Catcher in the Rye Essay Entry One Quote: â€Å" and all that David Copperfield kind of crap but I don’t feel like going through it if you want to know the truth my parents would have about two hemorrhages a piece it I tell anything pretty personal about them.† (Page 1) Response: This excerpt makes me very curious about his family members. The tone makes me believe that Holden probably is ashamed by them or he doesn’t like them when he describes them as â€Å"crap†. His parents’ attitude toward telling others personal stories is also confusing. It is not clear whether they are the ones inhibiting Holden from telling or not. I predict that Holden is reluctant when it comes to uncovering truths about his life. This quote is important because it gives me background information into Holden’s family life, as well as revealing a variety of characteristics of his personality. From this quote, I could tell that Holden does not have motivation to excel in school and he does not seem to care about getting kicked out. Being the teenager that he is, Holden does not realize the importance of education in his life, thus not caring about the severe consequences. Entry Two Quote: â€Å"He said he talked to Jesus all the time, even when he was driving his car. That killed me. I can just see the big phony bastard shifting into first gear and asking Jesus to send him more shifts.† (Page 17) Response: The quote made me really confused because I do not understand what Holden meant by shifting gear in this passage. However, now I understand that he does not like braggers and fakers. Also, Holden finds it irrational that these people dare to say they follow Jesus. I agree with him. If standing in a parking lot does not make you a car, then going to a church does not mean you are incredibly religious. This also seems to be one sign of Holden’s immaturity. It is very clear that when Holden starts to horse around, he puts an effort into annoying those surrounding him. Entry Three Quote: â€Å"I didn’t care about not seeing the movie anyway Besides, I’d been to the movies before with Auckly and Brossard.† (Page 37) Response: This quote seems ironic to me in ways more than one. Holden normally hates watching movies because he thinks that actors are fake and phony. He also does not like Auckly that much. In this section of the book, Holden does not seem glum and miserable as usual because he is acting like a regular teenager would. Holden’s invitation to Auckly proves that he is caring and sensitive to Auckly’s emotions. He also knows that loneliness is the worst situation so he helps Auckly out of it at least for one night. I also feel as if Holden really did care about seeing the movie because of the tone evolved in his voice. Entry Four Quote: â€Å"He got leukemia and died when we were up in Maine, on July 18, 1946. You’d have liked him. He was two years younger than I was, but he was about fifty times as intelligent. He was terrifically intelligent.† (Page 49) Response: This quote seemed very significant to me. It informed me that Holden had a younger brother named Allie who died from Leukemia. It is extremely clear that when Holden thinks about Allie, all he thinks about is how amazing of a person Allie was. I get the feeling that Holden is very fond of his siblings and has developed a fantastic relationship with them over time, making the death of Allie a major impact on his life. Also, the way Holden seems to be acting in this scene in the book tells me that he has strong feelings for Jane. The way he is talking about Stradlater has a connotation of evilness and mystery as to why he is afraid about Jane. Holden used to be close friends with Jane and he knows things about her that is worrying him about the intimate relationship she might form with Stradlater. Entry Five Quote: â€Å"I was right away sorry I’d said it, but it was too late.† (Page 75) Response: In my perspective, Holden tells these lies because he is used to it, but every time in the end he feels guilty. I think the fact that Holden feels bad about what he has done makes him a mature young man. He recognizes his mistakes and recognizes the horrid feeling of telling a lie. Many people in life have had moments where they have said something and regretted it immediately. This is the exact situation in which Holden was in. Holden had just had one of those relatable moments involving the guilt from saying something harsh and how it immediately affects him. However, he soon realizes that it is unfortunately too late to take back the words he had said. Entry Six Quote: â€Å"The fish-that’s different. The fish is different. I’m talking about the ducks.† (Page 82) Response: In this passage of the book, Holden is thinking scientifically. This supports the fact that he is smart after all, even though he his failing most of his classes. Often times, a teenager wants something so bad, they come up with crazy and somewhat stupid ideas and plans to help them obtain that something. Maybe this is because he does not want to try or maybe he wants to fit in with others who would not accept him if he was smart. In this metaphor, he is comparing himself the ducks in Central Park when the lagoon freezes over. What Holden is really saying is the fact that he would not know where to go if he stays living in a place full of phonies and rude people. The ducks cannot swim in ice and he will not stay in a school full of fakes. Entry Seven Quote: â€Å"She hasn’t felt too healthy since my brother Allie dies. She’s very nervous. That’s another reason why I hated like hell for her to know I got the ax again.† (Page 140) Response: This quote clearly explains how Holden is definitely not the only one who is affected by his brother, Allie’s, death. Holdens mother has gained severe health problems ever since Allie passed away. His mother is also very nervous, and I have come to conclusion that this is probably because she is afraid to lose another child of her own. However, not matter what her reason, Holden is concerned about his mother, and he feels saddened and guilty that his problems will affect her. This seems to be one of the real reasons as to why he does not want his parents, especially his mother, to know about him getting kicked out of school once again. I can relate to Holden in this situation in the fact that there is much pain and struggle that goes on within a family when a tragedy happens. Entry Eight Quote: â€Å"I kept putting my hand over my stomach and all to keep the blood from dripping all over. I didn’t want anybody to know I was wounded. I was concealing the fact that I was a wounded sunuvabitch.† (Page 150) Response: Back in the hotel when Holden caught himself into a fight and became the punching bag for the elevator guy, he pretended to be shot in the stomach. It is worth noting that Holden does the same thing now. I will infer that Holden may have seen this played out in a movie and such a scene became imprinted in his head. Also, this passage is extremely symbolic as to how Holden is feeling. It is very clean that Holden has a ton of issues that are depressing him but he is not showing that among others. I feel as though if Holden received help from a therapist or even a loved one he could excel in life and not have to live in such a tremendous lie anymore. In this depressed state, Holden is looking for much comfort. In some ways Holden proves he has much strength, but in other ways he proves he is a weak liar. Entry Nine Quote: â€Å"Then I took my hunting hat from my coat pocket and gave it to her.† (Page 180) Response: In this quote it is clear that Holden feels attached to it because he is able to recognize the connection he has with it. When he puts on the hat, he feels almost outside of himself and feels like there is someone that understands him. He understands himself even if no one else does. He feels safe when he wears it. The hunting hat is very symbolic to Holden. He wears it whenever he wants to feel protected and loved. It is probably the only object he cherishes. Giving that hat to Phoebe is a terrific example of being the catcher in the rye because he was to protect the children from the severity of life. Among those children, his favorite person is Phoebe, and this is why he chose the hand off the hunting hat to her. Entry Ten Quote: â€Å"but this damn article I started reading made me almost worst. It was all about hormones. It describes how you should look, your face and eyes and all, if your hormones were in good shape, and I didn’t look that way at all.† (Page 195) Response: Holden appears to be sad, lonely, and in desperate need of comforting. Unfortunately he decides to turn to alcohol for comfort. This clearly demonstrates how Holden behaves when dealing with certain issues as well as showing another immature side of him. Holden is originally skinny. He was supposed to be on a certain diet to help him gain weight, but he never eats enough. In fact, he rarely mentions food in his whole novel. His body is not receiving the essential nutrition in order for his body to function correctly, and consequently his hormones are not going to form completely. Many organs in his body will not work correctly, this includes his brain. This is scientifically why Holden will wind up in a mental hospital to seek help with his personal issues.

William Gibson’s Neuromancer is the Penultimate Cyberpunk Novel :: Neuromancer

William Gibson’s Neuromancer is the Penultimate Cyberpunk Novel It could be the near future or the distant future. It could be in the biggest companies or in your den. It could be traditional science fiction or it could be cyberpunk. Technology is pervasive. There is nothing in our lives that technology does not touch; it doesn’t matter if you use it directly, chances are that something (if not everything) in your life relies on technology to function or even exist. "Traditional" science fiction, if there even is such a thing, uses extrapolation as a foundation for its stories. Extrapolation, predicting or tracing a path of continuation for an idea or event, is also used in cyberpunk. Cyberpunk is known for its use of extrapolation in the fabric of daily life. (Sterling 348) It takes common science fiction themes, such as body and mind manipulation, and events of daily life and describes them with intensely dizzying detail. Neuromancer by William Gibson is a perfect example of cyberpunk writing because it uses this dense, rapid-fire descri ption and language in combination with the themes of body/mind manipulation. The body manipulation in Neuromancer is so obvious it’s accepted as commonplace to the characters. When Case first meets Molly, her eyes draw his attention. He first thinks she’s wearing glasses, but then realizes that the lenses "grow from†¦her cheekbones" and are "surgically inset" into her eye sockets. (Gibson 24) Does he find this odd? Does he question it at all? Nope. He recognizes it, makes a note of it, and moves on to her next implant—the steel claws under her nails. Same response. Why is that? He is used to the fact that bodies are meant to be manipulated. Gibson even gives the reader a push in that direction by naming the lead "Case"—as in: he is nothing but a case in which to store things. Within a matter of hours Case has had his own body manipulated, his pancreas is replaced, his blood is changed, and he has new liver tissue which is "biochemically incapable" of allowing him to get high off coke or speed (36). All that and the only thing he’s worried about is when he’ll be able to get back to work! The descriptions of these modifications border a foreign language at times. They are detailed and technically specific, a hallmark of cyberpunk. A head-spinning example of this is the scan of Molly: "Silicon, coat of pyrolitic carbons.

Greece: An Economy in Crisis Essay -- Economics

In this paper I will be discussing some causes of the problems with Greece’s economy that has lead it to where it is today. I will also be discussing some austerities being put in place to try to resolve these issues and why they are necessary to help Greece become prosperous again. Greece is currently at a cross roads, their economic practices over the last quarter of a century have brought the country on the brink of being bankrupt. There are many who feel their economy can be turned around by putting various austerities and reforms in to place. The problem has been coming to a general agreement on which path to follow and why. Some are against the austerities that Greece has agreed upon, they feel they are misguided and that they come at a cost of loss of sovereignty. Some feel that this is the price that has to be paid in order to avoid going bankrupt, so they support the austerities. Then, as in all things, you have a large portion of the public who are in the middle. They are unsure if any of these paths will lead them out of crisis. There has been a lot of talk and questions focused around the short-run solutions to the crisis faced by Greece. Can Greece possible repay their massive debt? Will they have to go through a restructure of the bonds it issued to the private sector? Should Greece exit the euro zone and go back to the drachma? Will the European Central Bank and the European Union offer any more financial help to Greece in the form of bailouts? Are any of these questions even worth consideration if Greece does not implement the proposed solutions to help turn their economy around? Before going further I feel it’s important to understand the difference between debt and deficit. A deficit is when the amounts of m... ...overnment debt can be repaid. Unless Greece reforms its policies quickly, they run the risk of losing their educated, creative and their skilled workers as they migrate to other countries looking for better opportunities. If economics has taught me anything, it is that people respond to incentives. Works Cited http://www.voxeu.org/index.php?q=node/5008 http://eprints.lse.ac.uk/26074/1/GreeSE_No_31.pdf http://www.asecu.gr/Seeje/issue06/katsios.pdf http://www.oecd.org/home/0,2987,en_2649_201185_1_1_1_1_1,00.html http://www.oecd.org/dataoecd/5/61/43284926.pdf http://greece.greekreporter.com/2012/05/02/greek-economy-still-floundering-but-out-of-default/ http://www.bloomberg.com/news/2012-05-02/greeks-reveal-euro-or-no-in-first-election-since-economy-shrank.html http://www.guardian.co.uk/business/2012/may/02/eurozone-crisis-canada-europe-greek-elections

Fundamentalist: the Fine Line Between Religion and Cult Essay

In the case of the Church of Latter Day Saints, fine lines are drawn in the societal perception of this group of people. Their doctrines and practices make the American public debate whether they are a religion or a cult. The largest factor in the decided public perception lies mainly in their belief of polygamy. While the Church of Latter Day Saints denounced the practice in the 1890s, fundamentalist sects formed over the subject continuing to perpetuate the connection between Mormonism and polygamy. This fundamentalist practice, along with a few doctrines, continues to keep the Mormon faith as an â€Å"outside religion† in the eyes of the general American public. The practice of polygamy is central to the tenants of Mormon faith, extending back to the founder, Joseph Smith. Smith was not the first religious leader to support multiple wives. The Oneida perfectionist supported the practice of polygamy in backlash against the changing family norms due to industrialization (White). Families no longer needed to be large in size to help in a rural farm setting. Smith, being of a displaced farm family, soon craved a change in family life. According to White, Jr. , Smith’s â€Å"personal experience of economic insecurity, death of siblings, and fragile community structure also reinforced his quest for renewing the kinship and community bonds† (White). In some sort of subconscious need for a sense of community stemming from childhood experiences, Smith begins the practice of taking multiple wives. His reasons, according to the faith, are sound. His primary argument is that it was revealed to him by God. The belief in revelations is highly respected by Mormons and is one of the most distinguishing traits of the faith (Perry). It will be discussed in further detail later. Smith also called attention to multiple Old Testament passages that promote polygamy. Yet, his final argument is what upholds this practice today, procreation. Smith argued that, â€Å"man’s righteousness is measured by the size of his family† (Anderson). A proper Mormon man was expected to extensively multiple his family in order to provide more individuals to spread the faith. After social disagreements in several states, many members of the Church of Latter Day Saints fled to western territories hoping to find; â€Å"geographical, social, and cultural isolation required to implement their radical social agenda† (White). However, as the nation grew smaller and assimilation to the mainstream culture became desirable, in addition to persecution by the Federal Government, the Church of Latter Day Saints changed one of their founding principles. Essentially, in the fight for Utah territory statehood, the Mormon Church traded their practice of polygamy. This trade caused dissention among the ranks and multiple fundamentalist sects formed, continuing their practices in even more isolated communities. Joseph Musser, a prophet of the faith, established a fundamentalist community at Short Creek, Utah, that still exists today. There, families live in multi-wife homes where the domestic work is divided between eight or nine women, sometimes many more. The polygamous relationships are consensual and most women have little complaints about their situations. There are many reasons why the women choose to stay. Mainly, they don’t know anything else (Anderson). The religious beliefs they were raised with have been preparing them to be a plural wife. Rowenna Erikson, a plural wife who was excommunicated after speaking out against the treatment of women, says that growing up she; â€Å"sensed that [she] was supposed to be a plural wife mostly because [her] mother guided [her] in that direction. [She] didn’t really want to marry this way but [she] felt pressured and thought that this is what [she] had to do† (443). However, unlike Erikson, there are many women who enjoy their polygamous contract. To them, there is a sorority sense of community, their children are always cared for. During his stay at Short Creek, National Geographic journalist Scott Anderson also noticed a strange power that came with being a woman in the Mormon faith. Women are sought after in the community due to the need for reproduction creating a larger need for men to prove themselves as acceptable partners (Anderson). Brigham Young, another fundamentalist sect leader, also argued that polygamy allows all women the equal opportunity for marriage and, â€Å"†¦eliminates prostitution, economic exploitation and abandoned children† (White). Fundamentalist still argue procreation as a necessary reason for polygamy in the community. However, the main reasons fundamentalist broke off from the Church of Latter Day Saints were the revelations of new prophets. Both Brigham Young and Joseph Musser had revelations from God ordering them to take multiple wives and reproduce, and they weren’t the only ones. Fundamentalists refused to give into the assimilation of their religion. It is these radical, fundamental sects of the Church of Latter Day Saints, like Colorado City, Utah (formerly the Short Creek Community) that continue to tie the Mormon faith to the practice of polygamy. In doing so, along with ample aid from the American media, Mormonism is still considered by the mainstream to be â€Å"lumped into a category of ‘the religious outsiders’† (Perry). Yet, it is not only the practice of polygamy in these sects that support societies’ view. Several other practices continue to perpetuate their perception as part of the odd; some keep Mormons in isolated communities, some condone violence, and others speak out against the American government. Firstly, the practice of polygamy not only ostracized fundamentalist from the United States Government and mainstream, but also from the central Church of Latter Day Saints. Fundamentalist were heavily persecuted by elders of the church in the 1940s and 1950s culminating in the Short Creek Raid of 1953. American media broadcast children being ripped from mothers’ hands right into mainstream America’s living rooms. Decades of persecution and media misrepresentation only supported Mormon practices that led to communal isolation. One of these is the idea of The Gathering. Mormons believe that second coming of Christ is constantly near and that it is their duty to be ready no matter when it happens. Therefore, they live in tight knit communities that seek to prove their righteous existence to Christ. Secondly, their community is slightly communistic. There is the Law of Consecration that allows all property to be held in common and distributed (LeBaron). Additionally, United Order is the Mormon economic system of self-sufficiency (LeBaron). Both of these beliefs keep member separate from the mainstream and make it difficult to leave since they don’t have the rights to their own property. Additionally, many Fundamentalist believe in Blood Atonement established by Joseph Smith and Oaths of Vengeance. Blood Atonement is the basic belief of an eye for an eye. Smith preached that those who commit acts against Mormon should be punished with bloodshed for their sins. The Oath of Vengeance developed after the assassination of Smith stating that all Mormons are to pray for the sins committed against the prophet and should taught through lineages (LeBaron). Both of these practices have been used for justification for murder between sects. Murder justification has also come from the practices of personal revelation and heavenly visitations. As mentioned before, revelation is extremely important to the Mormon faith due to that fact that it is what the Church was founded on and from where most doctrines are derived. Personal revelations are the wishes of God and should be acted upon by faithful practitioners, yet, they give the prophet the okay from God to do whatever they want, even kill if needed (LeBaron). Obviously, murder is illegal in the United States, so how were the Mormons able, beyond personal revelation, to justify to their behavior in the court system? Fundamentalist practices believe in the triumph of God’s Law over Man’s Law. Due to their beliefs that they are forming a community for the return of Christ, Mormons believe they live in a theocratic society separate from Federal Government rule. Therefore, the rules set in place by God reign higher than those set in place by the state. Mormon belief justifies most actions, even murder, by claiming it as a personal revelation and an act of God’s will. Finally, in a religion where the members’ ultimate goal is to prepare for the end, Fundamentalist in the Church of Latter Day Saints awaits the fall of the United States Government. This belief, fueled by bitterness from lack of Federal aid in the 1820s, only reinforces the view that there is superior judgment than the United States Court system. While separation of church and state exists in the United States, Mormon religious beliefs, to a certain extent, defy that right claiming religious rule over states. There were several acts of violence that took place over the last forty years, all justified by different Mormon doctrines. Ervil LeBaron, a Fundamentalist prophet, used personal revelation for the reason he killed his brother in 1972. He then proceeded, with the same justification to kill dozens of others. LeBaron wasn’t finished when he was finally sent to jail. While in Utah State Penitentiary, LeBaron wrote the â€Å"The Book of New Covenants† ordering the deaths of members on God’s Will (LeBaron). His children then proceeded to follow his will working their way down his list. Ervil wasn’t the only one searching for power over the sects; the Lafferty brothers had similar problems in the 1980s. These events perpetuate public stereo types of the Mormon religion and polygamy. A survey I conducted of 25 people showed 100% of them still believe the Mormon Church officially sanctions polygamy and a cult like lifestyle (Venzen). It is these acts of violence based on God’s will that raise mainstream America’s eyebrows at the true classification of this faith. The violence stemming from radical sects also calls attention to Mormonism as an â€Å"other† in society and religious beliefs and raises questions to the credibility of the religion. Fundamentalist don’t only tie the Church of Latter Day Saints with polygamy. Acts of violence based on the will of a high power is often associated with cults as, â€Å"murder and suicide have been inseparable on other [cult] occasions† (Lamberg 2). Additionally, Rowenna Erickson considered her upbringing as a plural wife to be â€Å"brainwashing†, another cult practice, and even outwardly claims Mormonism as a â€Å"polygamist cult†. According to cult studies, the sought out isolation of the Fundamentalist communities only reflects that the, â€Å"†¦cult seeks to control disciples’ entire environment, not only externally but also reaching internally, as if reality were the group’s exclusive possession† (Lamberg 1). The question then remains. Is the practice of Mormonism, the Church of Latter Day Saints, an organized religion or a cult? The practice of polygamy leads the public to view the Church and its Fundamentalist counterparts as one. Therefore, can the debate of organized religion versus cult be separated by the central Church of Latter Day Saints and the Fundamentalist Church of Latter Day Saints?

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Industrial Revolution Effect replace cheaply unhygienic living conditions, â€Å"Their standard way of life was one of slow starvation. † Population increased; on the rise. More people competed for fewer resources, land. Food, Jobs Political & Religious Persecution Eastern Europe Jews could not move beyond the Pale† Stripped of their legal rights, (1/3 of Europe. Pop) The Lure of Life in America Newspaper articles & letters painted USA as a â€Å"Lollipops on every corner† American businesses 1 OFF â€Å"Gold on the sidewalk†, and †¦ Why? Hardships – Used all of their savings (Getting from interior lands to coastal port cities was The Journey Across the Atlantic Steamship Accommodations ; 8-14 days; steel hull ships First & second class was unaffordable for MOST immigrants – no windows, no ventilation, cramped On Average: Living Conditions in Steerage Uncomfortable at best, inhumane at worst No sunlight, no fresh air, smell unbearable Con tagious diseases ( Cabin Class Replaced steerage after it was removed This is where 1st and 2nd class were accommodated We Have Arrived! Arriving in America 75% of all immigrants Passengers crowded the decks to see their new homeSkyscrapers to the northeast, to the west. Most memorable moment, immigrants seeing Lady Liberty â€Å"l Looked with wonder on this miraculous land of our dreams. † Who can quote the plaque at the base of the Statue of Liberty? â€Å"Give your tired, your poor, your huddled masses yearning to breathe free, the wretched refuse of your teeming shore. Send these, the homeless, tempest-tossed to me. I lift my lamp beside the golden door. † After Just passing the Statue of Liberty, lay the , legal and medical inspections 1st & 2nd Class Inspections 1st & 2nd Class passengers simply prepared forArriving at Ellis Island and entered the USA Steerage passengers Most passengers boarded crowded barges ; Separated into Hope, fear, excitement, uncertainty O n the whole, it was an † † policy Weed out weak and mentally defective exam and then a more thorough exam Escorted to holding rooms for additional examinations shoulder with chalk † for heart problems † for hernia † for lameness † for mental difficult , looking for and Mark your right Upon completion of medical inspections, the Legal Inspections: The Registry Hall After medical inspection, immigrants faced a iron railings was next in tight lines shaped by Match answers from ship manifest with face-to-face answers Name Change? Schoolbooks = Smith The Final inspection Lasted only Asked to confirm answers from manifest If immigrants passed all the inspections†¦ They were free to go – Ethnic Enclaves Leaving Ellis Island After approval, immigrants sought the next step of their Journey. After arriving in US, New York City, Chicago, Boston, Philadelphia By 1920, 75% of foreign-born residents lived in cities Settled in † † or ethn ic neighborhoods Living Conditions City Tenement Buildings Cities ill-equipped to handle massiveStreets filled with waste due to inadequate sewage systems , run-down, low-rent apartments clustered together in poorest areas of cities Some examples from a city worker in New York City Building with People 3 room apartment people Perils of Tenement Living Toilets in yards; coal stove for heat One social worker could not locate a single bathtub in more than three city blocks in tenement housing 40% of immigrants developed Rural Living Conditions 60% of immigrant (HIGH MIR) Some settled in California, Midwest, Florida Relatively Midwest Blizzards, , dust storms Working Conditions The Immigrant Workforce Mostly American industries were growing rapidly Desperate, wanting leave agricultural Jobs in Europe Worker exploitation, intolerable working conditions work hours per week Dangerous, unsanitary, uncomfortable Improved Standard of Living? Despite horrible conditions, most were better off t han they were in Europe $ per year in Europe, in US for farm laborers.America's Treatment of Immigrants American Natives Native-born Americans viewed new immigrants with fear, hostility, suspicion belief was based on new immigrants posing a threat Deep-seated Americans of northern/western Europe looked down on southern/eastern Europeans British, German, Scandinavian people were considered â€Å"free, energetic, progressive† Slavic, Mediterranean, Jews were viewed as â€Å"historically down-trodden, atavistic [inbred], and stagnant Natives worked to restrict the number of immigrants Literacy tests, preventing † Asked for laws restricting number of immigrants allowed to enter 1921, Established for the number of immigrants the US would accept from each country Dialing Bill marked the end of the immigration † in US history. Greatest † policy, ending the