Thursday, March 19, 2020
Anton Chekhov - Biography and Profile
Anton Chekhov - Biography and Profile Born in 1860, Anton Chekhov grew up in the Russian town of Taganrog. He spent much of his childhood quietly sitting in his fathers fledgling grocery store. He watched the customers and listened to the their gossip, their hopes, and their complaints. Early on, he learned to observe the everyday lives of humans. His ability to listen would become one of his most valuable skills as a storyteller. Chekhovs YouthHis father, Paul Chekhov, grew up in an impoverished family. Antons grandfather was actually a serf in Czarist Russia, but through hard work and thriftiness, he purchased his familys freedom. Young Antons father became a self-employed grocer, but the business never prospered and eventually fell apart. Monetary woes dominated Chekhovs childhood. As a result, financial conflicts are prominent in his plays and fiction. Despite economic hardship, Chekhov was a talented student. In 1879, he left Taganrog to attend medical school in Moscow. At this time, he felt the pressure of being the head of the household. His father was no longer earning a living. Chekhov needed a way to make money without abandoning school. Writing stories provided a solution. He began writing humorous stories for local newspapers and journals. At first the stories paid very little. However, Chekhov was a quick and prolific humorist. By the time he was in his forth year of medical school, he had caught the attention of several editors. By 1883, his stories were earning him not only money but notoriety. Chekhovs Literary PurposeAs a writer, Chekhov did not subscribe to a particular religion or political affiliation. He wanted to satirize not preach. At the time, artists and scholars debated the purpose of literature. Some felt that literature should offer life instructions. Others felt that art should simply exist to please. For the most part, Chekhov agreed with the latter view. The artist must be, not the judge of his characters and of what they say, but merely a dispassionate observer. Anton Chekhov Chekhov the PlaywrightBecause of his fondness for dialogue, Chekhov felt drawn to the theatre. His early plays such as Ivanov and The Wood Demon artistically dissatisfied him. In 1895 he began working on a rather original theatrical project: The Seagull. It was a play that defied many of the traditional elements of common stage productions. It lacked plot and it focused on many interesting yet emotionally static characters. In 1896 The Seagull received a disastrous response on opening night. The audience actually booed during the first act. Fortunately, innovative directors Konstantin Stanislavski and Vladimir Nemirovich-Danechenko believed in Chekhovs work. Their new approach to drama invigorated audiences. The Moscow Art Theatre restaged The Seagull and created a triumphant crowd-pleaser. Soon after, the Moscow Art Theatre, led by Stanislavski and Nemirovich-Danechenko, produced the rest of Chekhovs masterpieces: Uncle Vanya (1899) The Three Sisters (1900) The Cherry Orchard (1904) Chekhovs Love LifeThe Russian storyteller played with themes of romance and marriage, but throughout most of his life he did not take love seriously. He had occasional affairs, but he did not fall in love until he met Olga Knipper, an up-and-coming Russian actress. They were very discreetly married in 1901. Olga not only starred in Chekhovs plays, she also deeply understood them. More than anyone in Chekhovs circle, she interpreted the subtle meanings within the plays. For example, Stanislavski thought The Cherry Orchard was a tragedy of Russian life. Olga instead knew that Chekhov intended it to be a gay comedy, one that almost touched upon farce. Olga and Chekhov were kindred spirits, though they did not spend much time together. Their letters indicate that they were very affectionate to one another. Sadly, their marriage would not last very long, due to Chekhovs failing health. Chekhovs Final DaysAt the age of 24, Chekhov began showing signs of tuberculosis. He tried to ignore this condition; however by his early 30s his health had deterorated beyond denial. When The Cherry Orchard opened in 1904, tuberculosis had ravaged his lungs. His body was visibly weakened. Most of his friends and family knew the end was near. Opening night of The Cherry Orchard became a tribute filled with speeches and heartfelt thanks. It was their was of saying goodbye to Russias greatest playwright. On July 14th, 1904, Chekhov stayed up late working on yet another short story. After going to bed, he suddenly awoke and summoned a doctor. The physician could do nothing for him but offer a glass of champagne. Reportedly, his final words were, Its a long time since I drank champagne. Then, after drinking the beverage, he died Chekhovs LegacyDuring and after his lifetime, Anton Chekhov was adored throughout Russia. Aside from his beloved stories and plays, he is also remembered as a humanitarian and a philanthropist. While living in the country, he often attended to the medical needs of the local peasants. Also, he was renowned for sponsoring local writers and medical students. His literary work has been embraced throughout the world. While many playwrights create intense, life-or-death scenarios, Chekhovs plays offer everyday conversations. Readers cherish his extraordinary insight into the lives of the ordinary. ReferencesMalcolm, Janet, Reading Chekhov, a Critical Journey, Granta Publications, 2004 edition.Miles, Patrick (ed), Chekhov on the British Stage, Cambridge University Press, 1993.
Tuesday, March 3, 2020
Hurricane Etymology
Hurricane Etymology Unlike most words that Spanish and English share because of their shared history with Latin, hurricane came to English directly from Spanish, where it is currently spelled huracn. But Spanish explorers and conquerers first picked up the word from Taino, an Arawak language from the Caribbean. According to most authorities, the Taino word huracan meant simply storm, although some less reliable sources indicate that it also referred to a storm god or an evil spirit. This word was a natural one for the Spanish explorers and conquerors to pick up from the indigenous population, since winds as strong as the hurricanes of the Caribbean were an unusual weather phenomenon for them. Use of ââ¬ËHurricaneââ¬â¢ and Huracn The fact that the Spaniards introduced the word to the English language is the reason that our word hurricane generally refers to tropical cyclones that have their origin in the Caribbean or Atlantic. When the same type of storm has its origin in the Pacific, it is known as a typhoon (originally a Greek word), orà tifà ³nà in Spanish. There is a slight difference in the way the storms are categorized in the languages, however. In Spanish, aà tifà ³nà generally is considered to be aà huracnà that forms in the Pacific, while in English hurricane and typhoon are considered to be separate types of storms, even though the only difference is where they form. In both languages, the word can be used to refer figuratively to anything that is powerful and causes turmoil. In Spanish,à huracnà can also be used to refer to a particularly impetuous person. At the time the Spanish language adopted this word, the h was pronounced (it is silent now) and was sometimes used interchangeably with f. So the same word in Portuguese became furaco, and in the late 1500s the English word was sometimes spelled forcane. Numerous other spellings were used until the word was firmly established at the end of the 16th century; Shakespeare used the spelling of hurricano to refer to a waterspout. The word huracn is not capitalizedà when referring to named storms. It is used as in this sentence: El huracn Ana trajo lluvias intensas. (Hurricane Ana brought heavy rains.) Other Spanish Weather Terms in English Hurricane isnt the only Spanish weather term that has found its way into English. The most common of them, tornado, is especially interesting because of the way the two languages played off each other. The Strange Story of ââ¬ËTornadoââ¬â¢ and Tornado Although English got its word tornado from Spanish, Spanish surprisingly got its word tornado from English. Thats because the Spanish word that English borrowed wasnt tornado but tronada, a word for a thunderstorm. As is common in etymology, words often change form when imported into another language. According to the Online Etymology Dictionary, the change of -ro- to -or- was influenced by the spelling of tornar, a Spanish verb meaning to turn. Although tornado in English originally referred to various types of whirlwinds or rotary storms, including hurricanes, in the United States the word eventually came to refer primarily to a type of funneled windstorm common in the U.S. Midwest. In modern Spanish, tornado, borrowed from English, can still refer to various kinds of storms and whirlwinds, including hurricanes. A windstorm on the scale of a tornado, or smaller such as a whirlwind, can also be called a torbellino. Derecho Another type of storm phenomenon is known as a derecho, a direct borrowing of the Spanish derecho, which can, confusingly to foreigners, mean either right (as an adjective) or straight. In this context, it is the second meaning that matters. A derecho refers to a cluster of thunderstorms that travels in a straight line and is capable of causing great destruction. According to the Online Etymology Dictionary, Gustavus Hinrichs of the Iowa Weather Service started using the term in the late 1800s to avoid confusing a certain type of storm system with tornadoes. Key Takeaways The English word hurricane started out as an indigenous Caribbean terms that was adopted into Spanish and then spread to English via Spanish explorers and conquerors.Because the word hurricane came from the Caribbean, a different term is used for the same type of storm when occurring in the Pacific Ocean.The weather terms tornado and derecho also come from Spanish.
Sunday, February 16, 2020
Quantitative and Qualitative Research Methods Essay
Quantitative and Qualitative Research Methods - Essay Example Broadly, research methods are divided into two categories namely quantitative research method and qualitative research method. Both are different in nature and have different applicability. Both the methods find their applications in different disciplines and have strengths and shortcomings in various domains. There are certain pre requisites that apply to each of them and each of them underlines a specific method of implementation. Qualitative research method: This method of research is subjective in nature which mostly contains case studies, interviews, unlike quantitative methods the outcomes are in textual form and not in digits and statistical values. Questions like why, where when who are touched upon by this type of research method. Qualitative approach is scientific in nature and may not have a fixed deterministic solution by end of research conducted. Such research can be helpful in studying the behaviors, approach, their fears and concerns including natural response, dealin g with opinions and possibly culture oriented issues. While quantitative research provides fixed results, their counterpart lay foundation for the study and research beyond the point where the scope of quantitative research ends. Such research approaches are inductive in nature and the mode of language used is informal .Furthermore, qualitative research is most suited to the initial stages (Merriam, 2009). The tools and techniques that might be used during qualitative approach can possibly include memos, interviews, artifacts, picture or any piece of video (Pitney & Parker,pg53, 2009) . Stressing on the importance of qualitative approach Donald Campbell stated that ââ¬Å"All research ultimately has a qualitative groundingâ⬠(Farrell, pg8, 2011). Characteristic feature of such an approach is its ability to address the intangible aspects of society and human nature. Lincoln defines qualitative research as interpretive and naturalistic in nature (Flick,pg2, 2007). Three broad typ es of qualitative research encompass Case studies: while adopting case studies for purpose of research, focus is concentrated on an individual phenomena and concept that are constrained by duration and activities. Various data collection procedures are adopted during the case study approach. Phenomenological studies: In such approach attempt is being made to get the response of people based on their personal experience about a particular instance and event, intensive research is being carried out number of times through the aide of detailed elaborations Ethnographic studies: As the name implies, the focus of research in this category is a particular group of individuals that are involved in a similar kind of task. This kind of research is conducted over period of time with focus on one type of cultural group that have something in common between them. The commonality could be the interest, an experience, cultural trend or any other event undergone by the people being examined (Marie , pg 172, 2008). Role Play Simulation: In such kind of research role assignment might be done or the individuals conducting research might be required to observe a particular role to deduce any conclusion from it Comprehensive Interviews: The aim behind such type of research is to get into the details of the matter and probe all possible options .The method of interrogation and opinion determination is slightly different from quantitative research. Other forms of qualitative research include grounded theory. Quantitative researc
Sunday, February 2, 2020
Arabic writing system Essay Example | Topics and Well Written Essays - 1250 words
Arabic writing system - Essay Example 800 B.C.), whence came the letters of the ancient Roman alphabet, and ultimately all Western alphabets. The North Arabic script, which eventually prevailed and became the Arabic script of the Quran, relates most substantially and directly to the Nabatian script, which was derived from the Aramaic script. Old Aramaic, the language of Jesus and the Apostles, dates from the 2nd millennium B.C., and some dialects of which are still spoken by tiny groups in the Middle East. Arabic script still shares with Aramaic the names of the alphabet letters (Alef, Jeem, Dal, Zai, Sheen, etc.); similar graphic representation for phonetically similar letters (Sad and Dad, Ta and Tha, etc.); connections of letters in the same word and several forms of each letter depending on its location in the word, except for letters that cannot be connected to the letters which come after them (Alef, Dal/Dthal, Raa/Zai, Waw). The Arabic alphabet contains 18 letter shapes, by adding one, two, or three dots to letters with similar phonetic characteristics a total of 28 letters is obtained. These contain three long vow els, while diacritics can be added to indicate short vowels. With the spread of Islam, the Arabic alphabet was adapted by several non-Arab nations for writing their own languages. In Iran Arabic letters were used to write Farsi, with the addition of four letters to represent the phonetics that did not exist in Arabic: p, ch, zh, and g. The Ottoman Turks used the Arabic alphabet until 1929 and added still another letter. This alphabet was also used to write other Turkish languages and dialects, such as Kazakh, Uzbek, etc. Several other languages used the Arabic alphabet at one time or another, including Urdu, Malay, Swahili, Hausa, Algerian Tribal, and others. Arabic script is not used solely for writing Arabic, but for a variety of languages. In each language, it has been modified to fit the language's sound system. There are sounds not found in Arabic, but found in, for instance, Persian, Malay and Urdu: such sounds don't correspond to any sound from the Arabic system of sounds for which the Arabic alphabet can be used. For example, the Arabic language lacks a [p] sounding letter, so many languages add their own letter for [p] in the script, though the symbol used may differ between languages. These modifications tend to fall into groups: all the Indian and Turkic languages written in Arabic tend to use the Persian modified letters (and those are the languages that are "geographically closer" to Persia), whereas West African languages tend to imitate those of Ajami, and Indonesian ones those of Jawi. A writing system in which the Persian modified letters are used is called Perso-Arabic script by the scholars. Generally, in countries wher e national education is effective and where the national language is written in Arabic script, Arabic script is also used to write the other languages used in that country (Coulmas 20). The Arabic alphabet is written from right to left and is composed of 28 basic letters. Adaptations of the script for other languages such as Persian and Urdu have additional letters. There is no difference between written and printed letters; the writing is unicase (i.e. the concept of upper and lower case letters does not exist). On the other hand, most of the letters are attached to one another, even when printed, and their appearance changes as a function of whether they connect to preceding or following letters. Some
Saturday, January 25, 2020
Effect of Brexit on the Financial Sector
Effect of Brexit on the Financial Sector Brexit: A bleak future for the financial sector? Abstract The word ââ¬Å"Brexitâ⬠evolves from Britain and exit which is an unforeseeable situation that the UK is now facing. Brexit could cause damages to the UK economy in the long term, especially those in financial sector. The solutions to lessen the impacts of Brexit have been illustrated in this essay. This essay also aims to discuss the impacts of Brexit on asset management services and the banking industry. It will then evaluate these impacts on different aspects: international students, UK housing market, stock market and Britons who live in EU countries. Introduction On 23 June 2016, the United Kingdom held a referendum whether to leave the European Union (EU) or not. Most Britons believed beforehand that the UK would not leave the EU. Surprisingly, the result was 52% of the voters decided to leave the EU (CFA INSTITUTE, 2017). As a result, David Cameron who, at that time, was the prime minister of the UK had to resign. Subsequently, the position in charge was taken by Theresa May. Following this step, on 29 March 2017, the UK government has formally announced its invoking of Article 50 which is the initial step to formally exit from the EU. Thus, the word ââ¬Å"Brexitâ⬠evolves from Britain and Exit. The process must be finalized within two years. This means, in March 2019, the negotiation has to be done. However, from a very recent Guardian article, this process could be postponed because there are new variety of regulations which need to be implemented and many institutions that require new staffs to operate (Miller, 2017). It appears highly likely that once Brexit occurs, Britain will lose its right to tariff-free access to the EU market. In other words, UK-based firms, especially those in the financial sector, may be unable to conduct their operations throughout the EU. As a result, overseas financial institutions whose European headquarters are located in the UK must reconsider their decision on whether to continue operating their management from the UK or not. This could cause long-term negative consequences to the UK economy. Therefore, this essay will discuss the impacts of Brexit on financial services, particularly asset management and the banking, moving on this essay will also evaluate these impacts on Britainââ¬â¢s post-Brexit future. Financial Services Financial services are the economic activities that are involved in the flow of money in the financial system. The services include asset management which is the service that aims to allocate money to maximize the profit. Additionally, the banking is an institution which mainly provides such services as accepting deposits and issuing loans to clients. Those activities have become one of the crucial parts of the UK economy and it provides an opportunity for the UK to influence world banking industry. According to the House of Lords EU Committee, 7-12 percent of GDP of the UK, 7-12 percent of employment ratio and 11 percent of tax receipts are ruled by the financial services. Furthermore, the largest trade surplus of the UK in 2014 was the financial services which accounted for à £58 billion of which à £19 billion is the trade with the EU country Austen, Hunt, Kelly, Naylor, & Sants, 2016). However, this positive circumstance could possibly be worsened by the referendum which was held on 23 of July 2016. This is also a major concern for the financial services. As a consequence of Brexit, it is forecasted that the UK could lose 31000-35000 job positions in financial services. In addition, the worst scenario, this number could increase to 40000 (Arnold, 2016). This number accounted for 3-4 percent of job position involving with the financial services in the UK (Austen et al., 2016). Asset management services Asset management is referred to an activity of generating returns for investors from the capital which is subsidized by investors. According to the Investment Association and the Financial Conduct Authority, the UK asset under management (AUM) is à £6.9 trillion, approximately, of which à £2.2 trillion is the overseas client. In addition, 55 percent of the overseas client, or à £1.2 trillion, is the European clients (CFA INSTITUTE, 2017). This can be said that the asset management industry has played a crucial part in the UK economy. Moreover, losing the right to access the EU market could possibly cause long-term problems to the UK economy. After Brexit, the UK-based investment firm could witness severe problems supporting the EU clients, as claimed by Christian Nolterieke, managing director at MyPrivateBanking Research (Greenhalgh, Mooney, & Williams, 2017). In order to serve clients and recruit talented people in the EU, they must acquire the tariff-free license to access the EU market which the UKââ¬â¢s license will no longer be valid if they pursue Brexit. Moreover, the advertisement and marketing are also prohibited from the non-european economic area (EEA), as stated by Nolterieke. There might be some solutions to cope with this issue. One of them is to establish an office in Europe. However, to do so, the business must be in a large scale. This is because establishing office in Europe requires high amount of capital, well-corporate structure, office, and people, as stated by Julie Patterson who is the consultant of asset management global Brexit at KPMG (Greenhalgh, Mooney, & Williams, 2017). Furthermore, to establish an office in Europe, the regulation of the Markets in Financial Instruments Directive, known as MiFID, requires 20 or more employers onshore. As a result, finding a partner of business in Europe could possibly be the most moderate method to lessen the effect of Brexit, as determined by Nathan Bostock who is now the executive directors of Santander UK (Gerrard, 2017). This is because the UK-based firm is still benefit from being a partner with Europe-based firm, even though the benefit is not fully equivalent to the past. It is a method called profit-sharing in which it could stimulate the UK and Europe economy in the long-term. Surprisingly, in 2017, the research conducted by the CFA instituted, the institution which is the community of fund managers, have shown that two-thirds of the fund managers have not changed their investment horizon after Brexit. Theoretically, this might be because the fund managers tend to invest in the equity market which the price of the equity could increase when the pound is depreciated. The Banks In this essay, the types of bank will be categorized into three types: commercial bank, retail bank and investment bank. Firstly, commercial bank is a financial institution which mainly provides such services as deposit and withdraw of money and offers loans to big business. Secondly, unlike commercial bank, retail bank or consumer bank provides the same services to customers in a non-business sector. Lastly, investment bank is not the bank who provides such services as accepting money or issuing loans services. On the other hand, it is the bank who provides advises on stock market launch, mergers and acquisition or even taking over other company. The impact of Brexit on these types of banks could cause the similar problems as in asset management services. This is mainly because the EU requires the approval of Markets in Financial Instruments Directives (MiFiD) to allow banks to operate in the EU. In order to maintain MiFiD status, the UK must be part of the European Economic Area (EEA). This circumstance is not likely to occur if the UK favours a ââ¬Ëhard Brexitââ¬â¢. This is because ââ¬Ëhard Brexitââ¬â¢ means the UK has to relinquish its MiFid license as it will no longer be valid. As a result, this occurrence causes the worldââ¬â¢s leading financial institutions to leave the UK. Paris has been one of the biggest rivals for the European financial centre since the UK referendum. However, due to the high corporate tax rate, 33.3 percent, this effects Parisââ¬â¢s attractiveness to be lessen (Stothard, 2017). In this sense, the opportunity is now belonging to Dublin because 12.5 percent tax rate in Ireland could attract the firms from all over the world. Moreover, those firms who wish to move to Ireland do not need to establish new banking license. This is exemplified by the announcement from the Bank of America, the second largest bank in America by total asset, that the bank has chosen Dublin as the headquarter office for its EU operation after Brexit (Noonan, 2017). Brian Moynihan, chief executive officer of the Bank of America, also told the Financial Times that ââ¬Å"Weââ¬â¢ve been working with the Central Bank of Ireland to get it all set up and itââ¬â¢s been a very smooth process so far. The government is trying to help us get through the regulatory process.â⬠(Noonan, 2017). As a consequence of the support from the government and an existing banking license of Dublin, it could support the Bank of America to accomplish its process ahead of Brexit easily. Frankfurt has also competed for the position of post-Brexit financial centre. From the announcement of Deutsche Bank, the largest bank in German, they will transfer most of their assets and operation to Frankfurt in this autumn (Arnold, Martin, & Noonan, 2017). This could be one of the largest transfer of single EU bank, as stated by the chief executive officer, John Cryan. Another decision made by Citigroupââ¬â¢s Europe, Middle East and Afica (EMEA) chief executive office, Jim Cowles, that the bank decided to move theirs main trading operation to Frankfurt (Arnold et al., 2017). This is because Frankfurt is well known for its infrastructure and skilled workers which the bank has already had on ground, as claimed by Mr.Cowles. These actions from two of the largest bank in the world could threaten Britainââ¬â¢s economic in the long term, indeed. Undoubtedly, international banks such as Nomura Holdings, the fifth largest bank by asset and Sumitomo Mitsui Banking Corporation which is the third largest bank in Japan by asset have already published their plan on moving their main operation to Frankfurt after Brexit (Arnold, 2017). Turning to another side of the issue, there are several private banks who are now enlarging their services in the UK. According to the Financial Times, the senior executives at the following banks; Credit Suisse, UBS, Socià ©tà © Gà ©nà ©rale and Pictet announced that the companies will expand their operation and investment in the UK (Arnold, 2017). This is because the UK is still attractive in terms of market potential. In other words, the wealthy clients still find an opportunity in the UK. This idea was also supported by Jakob Stott who is the EU head of UBSs wealth management businesses (Franklin & Gruber, 2016). Britainââ¬â¢s post-Brexit future International Student The UK has been known for its quality of education but this might be extravagant for international student to study in the UK. However, due to the UK referendum, the pound sterling witnessed a huge drop after the vote had been officially announced (Broadbent, 2017). This drop benefits international students directly because the pound depreciated in its value, comparing to other currency. In other words, international students in the UK spend less budget on their course and accommodation. To illustrate, one of Thai students claimed that the cost of their study which includes tuition fee, accommodation and living expense is now 15 percent lower, approximately. This means there would be a soar in a number of international applicants who desire to pursue the quality of the UK education. UK Property Property in the UK has always been a target for overseas investors, mainly London property. Due to the devaluation of pound sterling, overseas investors found that the UK property is reasonably priced. The study conducted by the property investment firm, JLL, showed that 28% of the housing market transaction in 2016 was done by Asian investors (Vaswani, 2017). This could directly affect the Britons because those Asian investors could inflate the housing market by their unlimited demand. This means house prices could be overvalued for British citizen who are in need of the house. Stock Market The referendum also benefits the UK stock market. This is because those multinational companies who are listed in the London Stock Exchange (LSE) receive their revenue in other currencies, mostly in dollars, which means the depreciation of pound could boost the companyââ¬â¢s profit (Inman, 2016). As a result, the stock price of the company rocketed after Brexit which means it creates the value for British company in the long term. British Citizens who live in EU country Technically, if Brexit did occur, the British citizens who live in the UK could become the illegal evacuees overnight. This statement was also supported by Dominic Grieve who is the UK former attorney general. Moreover, there is a possibility that British expats could lose their right in the EU Health care system (Bennett, 2017). Thus, the negotiation might involve such issues as the right to work, permitted license to possess the EU property or even the entitlement to access the EU health care system. Conclusion In conclusion, the UK referendum could be the beginning of a period of unpredictability, especially for those in financial sector. The asset management industry and the banks whose operations are based in the UK could experience even worse predicament. As a result, some international banks are now seriously considering the proposals of moving their operation to the EU country, namely Frankfurt and Dublin. However, for those in asset management, the strategies have not been changed. Fund managers still optimistic on the UK equity market which directly benefits from weaker pound. Moreover, for those in private bank sector, there is a determination to expand their operations after Brexit. The weaker pound sterling also boosts the number of international students and global investors in the UK, mostly those in housing and stock market. For Britons who live in the EU, there is a concern about losing their status as the EU citizens. References Arnold, M. (2017, July 30). MUFG eyes Amsterdam as post-Brexit EU base. Financial à à à à à à à à à à Times. Retrieved August 12, 2017 from https://www.ft.com/content/158dcffe-7535-11e7-90c0-90a9d1bc9691 Arnold, M. (2017, August 1). Brexit set to raise UK banksââ¬â¢ costs 4% and capital needs 30%. Financial Times. Retrieved August 5, 2017 from https://www.ft.com/content/9fdf35a4-7610-11e7-a3e8-60495fe6ca71 Arnold, M., Martin, K., & Noonan, L. (2017, July 20). Citigroup and Deutsche Bank give Frankfurt a Brexit boost. Financial Times. Retrieved August 2, 2017 from https://www.ft.com/content/1b38eb1a-6d55-11e7-b9c7-15af748b60d0 Austen, M., Hunt, P., Kelly, D., Naylor, L., & Sants, H. (2016). The impact of the UKââ¬â¢s exit from the EU on the UK-based financial services sector. Oliver Wyman. Retrieved August 2, 2017 from http://www.oliverwyman.com/content/dam/oliver-wyman/global/en/2016/oct/à à Brexit_POV.PDF Bennett, A. (2017, March 30). What will Brexit mean for British expats?. The telegraph. Retrieved August 19, 2017 from http://www.telegraph.co.uk/news/0/eu-facts-what-would-leaving-the-eu-mean-for-expats/ Broadbent, B. (2017). Brexit and the pound. Bank of England. Retrieved from http://www.bankofengland.co.uk/publications/Documents/speeches/2017/speech969.pdf CFA institute (2017). What It Means for Investment Management Brexit: A guide for investment professionals. Retrieved from https://www.cfainstitute.org/ethics/Documents/guide_to_brexit.pdf Franklin, J., & Gruber, A. (2016, March 2). UBS considers acquisitions to expand wealth management in Europe. Thomson Reuters. Retrieved August 15, 2017 from http://www.reuters.com/article/us-ubs-wealth-europe-idUKKCN0W41EB Gerrard, B. (2017, July 13). Spanish business leaders suggest UK could be global trade hub post-Brexit. The Telegraph. Retrieved August 12, 2017 from http://www.telegraph.co.uk/ business/2017/07/13/spanish-business-leaders-suggest-uk-could-global-trade-hub-post/ Greenhalgh, H., Mooney, A., & Williams, A. (2017, August 2). Brexit is going to be a mess for UK wealth management. Financial Times. Retrieved August 9, 2017 from https://www.ft.com/content/f2451362-147d-11e7-80f4-13e067d5072c House of Lords EU Committee (2016). Brexit: Financial Services (9th Report of Session 2016ââ¬â17). Retrieved July 10, 2017 from https://publications.parliament.uk/pa/ld201617/lds elect/ldeucom/81/81.pdf Inman, P. (2016, October 4). Q&A: falling pound, rising markets. Why is Britainââ¬â¢s currency suffering while shares in its biggest companies are soaring ?. The Guardian. Retrieved August 12, 2017 from https://www.theguardian.com/business/2016/oct/04/qa-falling-pound-rising-markets Kelly, J., (2017, July 12). Investment in UK fintech tops pre-Brexit levels in first half of 2017. Thomson Reuters. Retrieved August 1, 2017 from http://uk.reuters.com/article/us-britain-fintech-investment-idUKKBN1AA2VN Miller, G. (2017, August 12). Britain must ask for more time to negotiate Brexit. The Guardian. Retrieved August 16, 2017, from https://www.theguardian.com/ commentisfree/2017 /aug/12/britain-more-time-negotiate-brexit Noonan, L. (2017, July 21). Bank of America choose Dublin as EU base after Brexit. Financial Times. Retrieved August 1, 2017 from https://www.ft.com/content/1fff392a-6e17-11e7-bfeb-33fe0c5b7eaa Stothard, M. (2017, July 7). Paris rolls out ââ¬Ëred-white-and-blue carpetââ¬â¢ for banks. Financial Times. Retrieved August 12, 2017 from https://www.ft.com/content/464c67d8-630e-11e7-91a7-502f7ee26895 Vaswani, K. (2017, April 28). Brexit not deterring Asian investors from UK property market. BBC. Retrieved August 17, 2017 from http://www.bbc.co.uk/news/business-39732816
Friday, January 17, 2020
Research Project on Financial Crisis
Research Process on Financial Crisis Louis Cappelli 2/18/2012 From the research I have performed so far, I have been able to isolate the main issues that caused the financial crisis in the 2000ââ¬â¢s. It seems to be that this whole crisis revolves around the major banks in America. I have been through a good amount of articles based upon the financial crisis so far, with each of them stating at least once something about the crisis relating to the banks.As I was finding this material, I noticed some other similarities in these resources involving the Crisis. For instance I noticed major names like Fannie Mae and Freddie Mac, who both seem to have a major involvement in loans in mortgages in America. From these sources I found the articles specifying what were the main causes of the financial crisis to be most helpful. Since I am not familiar with this subject and economic crisis at all, the articles that were more simplified for the general public were the ones I could better unde rstand.From one article on About. com, I was given some of the major causes that of the recession involving the banks and what they did wrong. For instance I learned that in the beginning the banks didnââ¬â¢t worry about their credit and were giving out loans to people who werenââ¬â¢t qualified for them. Another thing that I took note upon over my research was the constant mentioning of a subprime mortgage. Apparently one of the first initiators of the financial crisis was the ââ¬Å"subprime mortgage crisisâ⬠.These mortgages were granted to those with poor credit, but unfortunately the rate of these mortgages skyrocketed, leaving many lenders with financial difficulties resulting in bankruptcy. From the research performed and sources I thought were most reliable and factual, I fell as if the crisis we are dealing with is mainly in fault of the banks and loan mortgage cooperationââ¬â¢s in this country. I seems as if they messed up big time, and in result we all have to pay for their actions.
Thursday, January 9, 2020
Essay about The United States and The Soviets The Cold War
Towards end of the Second World War II was not just the end of long hard fought battle, but also the start of an oversensitive and vibrant stage that moved culture on all levels. The post war phase, as it became known, formed the world we live in; the era was created itself both by the war that had lead it, and dominant forces that encased it. As the energy of primarily different ideas Socialism and Equality collapsed with improvements in science as for instinct nuclear bomb, a hazardous situation resulted that produced an atmosphere of fear throughout the world and particularly, inside American walls. The Cold War played out one by one between the United States and the Soviets, it was instantaneously playing out in the ordinaryâ⬠¦show more contentâ⬠¦The American policy of ââ¬Å"containment,â⬠and the general fear of Communist spreading in unbalanced areas of the world. After the Sovietââ¬â¢s achieved the nuclear bomb, fears concerning the progress of Communism became inseparably entwined with the threat presented by the bomb itself. The more legislators talked about ââ¬Å"traitors within our ranks,â⬠the more terrified the public became of impending doom from the atomic bomb. Furthermore, was worsened by the fact that political characters, like Brewster and the notorious Joseph McCarthy, were advising we look not only overseas for our enemy, but also to our neighbors. William Douglas, a Supreme Court Associate Justice at the time, made a strong observation of this trend: Maybe one of the great mockeries of the time is that, in our fear of Communism, the setting in America during the peak of the Soviet Union took on an air of disbelief comparable to that which occurred within the countries on the other side of the ââ¬Å"Iron Curtain.â⬠Heda Kovaly, which she stated in her book Under A Cruel Star, commonly defines the suppressive environment of fear that endured in postwar Czechoslovakia. Temporarily, in the United States, an article titled Red Channels was printed by a news journal thatââ¬â¢s indicated the goal was to ââ¬Å"expose the most important aspects of Communist activity in America each week. ââ¬Å"The document listed more thanShow MoreRelatedThe Cold War On The United States And The Soviet Union1555 Words à |à 7 PagesFuelled by aversion and escalation of competition, the Cold War marks historyââ¬â¢s height of political and military tensions between the United States and the Soviet Union. Despite fighting alongside in the Sec ond World War, tensions heighted and conflicting ideologies ripped these two nations apart. The rivalry, that consumed a large portion of the twentieth century, nearly brought the world to the brink of disaster. 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Historians have long argued andRead MoreThe Cold War Between The Soviet Union And The United States1252 Words à |à 6 PagesAfter World War II, the practices of Communism, a political ideology, quickly spread from the Soviet Union to other countries in the Eastern Hemisphere. The United States, a country that practices democracy, avidly made it known to other nations that it opposed communist practices. In response to the rapid number of nations that were beginning to practice it, the United States set a goal to limit the amount of nations that practiced it. A poorly planned invasion by the United States on Cuba andRead MoreThe Cold War Between The United States And The Soviet Union861 Words à |à 4 PagesDuring the early stages of the cold war, there was a great fear of the communist regime. Tension between the United States and the Soviet Union were rising well into the 1950s. Many would wonder how the cold war between the two sides would end. The threat of nuclear war between the two was fearful and could mean destruction. The various uprisings and wars in Asia especially China and Korea brought up various forms of tension and fear among the American populous. In the times around the EisenhowerRead MoreThe Cold War: Caused by the United States and the Soviet Union1918 Words à |à 8 PagesWar. Humans have thrived from war for as long as we can remember. The United States has been fighting wars ever since we f ound the new country in North America that we now call the United States. We fought against our selves for the freedom of others. We fought in several world wars. We have always fought. But in the late 1940s ââ¬Å"warâ⬠changed forever. This was well known as the Cold War. Why was this so different? ââ¬Å" The world had never experienced anything like it. The Cold War between the SovietRead MoreThe Cold War Between The United States And Soviet Union1277 Words à |à 6 Pagessuperpowers remained in tact: the United States and the Soviet Union. The United States believed that the Soviet Union wanted to spread communism and the United States wanted to stop the Soviet Union from doing so. The resulting conflicts between the United States and Soviet Union became known as the Cold War. The two countries clashed over communism, nuclear arms and ââ¬Å"other policy mattersâ⬠for several decades. One outgrowth of the Cold War between the United States and the Soviet Union was the ââ¬Å"Space RaceRead MoreThe Cold War Between The United States Of America And The Soviet Union1501 Words à |à 7 PagesThe Cold War between the United States of America and the Soviet Union was not only a battle of political conflict but also a rivalry to spread political ideology and influence worldwide. Various pieces of propaganda and articles written during the time had largely impacted American popular opinion and had powerful effects on the culture among young men and women of the 1940ââ¬â¢s and 1950ââ¬â¢s. ââ¬Å"The Red Icebergâ⬠comic book cover, published and presented during the Cold War era, was one use of media thatRead MoreThe Cold War Developed Between The Soviet Union And The United States847 Words à |à 4 PagesThe Cold War developed between the Soviet Union and the United States in response to post-World War II tensions between the two nations. The U.S. and the U.S. S.R. emerged from World War II as the only two countries able to propagate their specific social and political systems on a global scale. With expansive capitalist (United States) or communist (USSR) ideologies and powerful military forces, each nation feared and distrusted the other. This cultural clash resulted in mutual suspicions, propaganda
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