Sunday, January 19, 2020
Psychological Disorders: Anorexia Nervosa :: essays research papers
An estimated 5 million Americans suffer from eating disorders and most are teenage girls and young women. Among the three types of eating disorders, anorexia nervosa is the most common type. It is a disorder in which the person has a distorted body image and an intense fear of being fat. Binging, or eating large quantities of food in a short period of time, and then purging, or vomiting to empty the stomach of food, are all actions commonly found in anorexics. An anorexic is extremely afraid of becoming fat and might believe she/he is fat even when he/she is very thin. While there is no single known cause of anorexia, several things may contribute to the development of the disorder. For example, social influences, genetic and biological factors, psychological issues, and family environments all contribute to the development of Anorexia. Social influences are a big contribution to anorexia. The American society places high value on thinness among women. Thinness is frequently mistaken or identified as beauty. As a result, young girls often think that they must be slender to be attractive. Kids are deluged with images of fat free bodies in the pages of heath, fashion, and teen magazines. Such media that feature photographs of thin super models and actresses are under attack for encouraging young women to starve themselves. One factor possibly leading to anorexia nervosa is the way a person looks at the world, or the psychological factors. An anorexic might have a fear of growing up, a drive to be perfect, or family problems. Some psychological characteristics are low self-esteem, poor body image, need for control, and the need to feel special or unique. Additional contributions to anorexia are family environments. Some families of people with the disorder are more likely to be overprotective, rigid, and suffocating in their closeness. Also parents who place too much value on appearance, diet themselves, and criticize their childrenââ¬â¢s bodies are more likely to have a child with anorexia. Other contributions to anorexia nervosa are genetic, biological factors, stressful events, and life transitions. It occurs 8 times more in people who have relatives with the disorder. Women whose mothers or sisters have had the disorder are more likely to develop the condition than those who do not. Life transitions can trigger anorexia nervosa to someone who is already vulnerable. Things like starting a new school or job or being teased to traumatic events like rape can lead to the onset of anorexia.
Saturday, January 11, 2020
NATO and Terrorism
ââ¬Å"A key feature of terrorism is that it is directed at a wider audience or target than the immediate victims. It is one of the earliest forms of psychological warfare. An inevitable corollary is that terrorism entails attacks on random and symbolic targets, including civilians, in order to create a climate of extreme fear among a wider group.â⬠(Buckley and Fawn, pg. 1) Whenever, any country or a nation is at a critical stage and it feels that someone might capture his homeland, and then he bears the courage to fight for his homeland as for the love of his country. There are special rules and principles according to which countrymen can protect their nation from enemies. An alliance was formed by the European countries and the US when they were facing attacks from the Soviet Nations. To fight for their land, they created an alliance which is called NATO. The abbreviation of NATO is North Atlantic Treaty Organization. It was created to promote harmony among the member countries and throughout the world. The basic responsibilities of the NATO soldiers were to remove the people whose lives were at stake near the borderline so that they could be accommodated too much safer places then those. In this regard, every member country was bound to follow all the instructions of this allied force in connection of the co-operation and peace among these countries. When this allied force was created there were about 51 countries in it and now it comprises about 189 countries. Basically, history tells that it was the unity of all the European nations, United States and Canada against a Soviet attack on their participating or friend nations. ââ¬Å"The North Atlantic Treaty Organization (NATO), as it often has been, is once again at the center of this debate. Today NATO is once again a subject of concern and debate. Member states have put the organization through a major structural overhaul, but there continue to be doubts concerning its future in the absence of a threatâ⬠. (Cohen et al, pg. 20) The NATO is said to be an allied force as it is so it fights against terrorism but the main point to this topic is that if the NATO is fighting against terrorism then terrorism may surely be affecting it in many ways. The most favorable prove in this regard is the 9/11 attack on the World Trade Center in the Washington District of the United States of America. ââ¬Å"After the events of September 11 2001, a stunned US President George W. Bush declared that ââ¬Ënight fell on a different world. There was indeed horror around much of the globe that a new and insidious precedent had been set for terror against states, making everyone vulnerable.â⬠(Buckley and Fawn, pg. 1) This effected the reputation and name of the NATO. While within 24 hours of the attack the NATO declared and proved that it was a plan to destroy the image of the NATO and somewhere they have succeeded. But the real plan was to kill the soldiers of the NATO. However, gradually the planes and aircrafts turned towards the WTC and bumped into the worldââ¬â¢s highest building. Till then the NATO has been trying to curb terrorism and is in fight of this fearful activity and its activists. However, nowadays, the NATO is working against terrorism in Afghanistan and is trying its level best to damage the hideouts of those jihad militants. The NATO fully recognized its duties after the September 11 2001 attacks, which proved to be harmful for the works of the NATO. After that they started an active participation in fight against terrorism and their first operation was chained outside Europe. The North Atlantic Council, which is the central body of the NATO, directs it from where to start and all the NATO officials have to present their work history or their efforts to this Head Quarter named the North Atlantic Council. The NATO militants are offered their services from here and one is punctual and strict to abide the rules and principles of the Head Quarter. Recently, the 2006 attacks in Turkey by terrorist groups were highly condemned by the NATO and at a conference held at the NAC0 the base commander declared his sympathy with the people of Turkey and strongly condemned the attitudes of the terrorist groups. The point is only that if these terrorist groups and their militants want us to move from their places then they should clearly come and fight with the NATOââ¬â¢s allied forces, while in this way they are not opening the ways of sympathy for them but are creating an emotional of hate in the hearts and minds of the people. This conflict and war of terror between NATO and the terrorists have made the lives of people miserable. They do not care about who is living or who dies. The conflicting situation is continoulsy-disturbing the lives of people and is forcing them to kill themselves because of fear and terror but who cares because nobody would leave this war. Everyone should standby his conditions and all is well that end is well. People would die and last of the entire world would be free of us. Terrorist attacks in Algeria are also increasing but all are helpless in front of the terrorist forces. According to a NATO press release, the Secretary General of the NATO strongly condemning the attacks said that on behalf of all the brave and courageous commandos of the NATO, I strongly condemn the terrorist attacks on Algeria and this is a promise that the NATO will always stand by the Algerians as our Mediterranean teams is also working. We hope for further development in decreasing the number of terrorists from the terrorist affected areas because our teams are working there to combat with the terrorists. However, after the September 11, 2001 attacks, the NATO has become more serious and effective in playing its complete role against terrorism. Now, the forces of the NATO are removing people who are living near the terrorist camps especially in Afghanistan. The forces of the NATO fear that these people might be victimized in their context so it would be better to remove and relocate them to a much safer place. The NATO has been much supported and encouraged by its partners in regard of the fight against terrorism. The member countries are always present to help the NATO manage voluntary camps and they also launch campaigns for the betterment of theses courageous soldiers. Nowadays the plan, which is residing among the partner countries, comprises of the Euro-Atlantic Partnership Council and the NATO-Russia Council. These two comprise of the supporting countries that have been with the NATO since its formation and have supported this alliance against terrorism in every positive means. Apart from its member countries, the NATO is also sharing up its part with other international organizations and is taking and giving information to those organizations so that their law enforcement agencies could be proven helpful for the NATO in finding fearful and wanted people. In accordance with all of the above statements it has been proved that the NATO is trying its level best to curb the germ named terrorism but is continuously failing in it because the rising umber of crimes and criminals. However, a team like the NATO should be within every country so that it could have a worldwide terror-curbing network. ââ¬Å"Israel and its overseas network in the USâ⬠¦. (threatens) not only the oppressed people of Palestine (and Iraq, Iran, Lebanon, Syria and any other state Israel takes aim at) but the rights of people throughout the world.â⬠He stresses we have mass public opinion on our side nearly everywhere outside the US, and it's gaining resonance here as well. It sees Israel and our actions in support of the Israeli state as the greatest of all threats to world peace and stability. Petras ends his book with one final impassioned call to arms: ââ¬Å"Let's move ahead and de-colonize our country, our minds and politics as a first step in reconstituting a democratic republic, free of entangling colonial and neo-imperial alliances.â⬠(Petras, 2006) It has been proved that what were the aims and objectives on which the NATO was created. However, it is reminded again that when the US and UK colonies and European nations faced severe attacks from the sides of the Soviet Unions and Soviet nations, then they decided to create an allied force named the NATO. The NATO is supposed to be helpful in curbing the roots of terrorism and it is doing it as its prime duty but the greatest terrorist shock that rocked the whole world as well as the NATO was the 9/11 attacks. ââ¬Å"The September 11, 2001, attacks on the United States have made a smooth joint planning and coordination process even more urgent. While NATO invoked for the first time in its history its collective defense clause, it seems likely that the United States will coordinate its planned attacks on terrorist targets outside the European theater with individual allies rather than through the North Atlantic Council. As a result of the attacks, Washington will be reluctant to add more resources to Balkan peace management, at least in the short termâ⬠. (Cohen et al, pg. 74) After these severe attacks, the NATO became more terror and fear conscious and now it has started its operations in Afghanistan and the Ukraine Mediterranean area. However, besides all of this conflicts and situation, terrorism has always been a wall in the social and humanitarian services of the NATO. Wherever the NATO services try to spread peace and harmony, there is a bomb blast reported and same of every attack, the name and the blame comes directly on the allied force the NATO. The NATO has been contributing its services since 1955 and the countries, which are supporting it, should understand to announce an increase in the security of the soldiers. In that, if anybody is severely injured or dies during the military operations, the there should be special arrangements to remind those soldiers who contributed their part for the beloved country land. These soldiers should be regarded as a part of an active and alive society so that the forth-coming generation could remind the services of the beloved ones who sacrificed their lives for the love for their country. In that, it should be remembered and recognized that if these brave soldiers are neither paid tributes for their services or are never recognized for their never ending courage, we will lose these brave soldiers and then we should be ready to face another shock of a new Soviet or another union. Works Cited James Petras (Sep 26, 2006). The Power of Israel in the United States. Lenard J. Cohen, Alexander Moens, and Allen G. Sens. Praeger. NATO and European Security: Alliance Politics from the End of the Cold War to the Age of Terrorism. Westport, CT. Year: 2003. Page Number: 20 Mary Buckley and Rick Fawn. Global Responses to Terrorism: 9/11, Afghanistan and beyond. Routledge.à New York, Year: 2003. Page Number: 1 à Ã
Friday, January 3, 2020
Jet Copier Case - 1335 Words
JET Copier Case Introduction This case involved a copy shop and the question of whether or not the store should purchase a backup copier to use when the primary copier breaks down and is being serviced. In order to make this determination, it is necessary to calculate the average length of time it takes to repair the copier after a breakdown, and the average interval between breakdown, which yields the average number of breakdowns in a given period, such as each year. Also necessary is knowledge of how much revenue is generated by the copier in a typical day, which would also represent the average amount of revenue lost for each day the store is without a copy machine (while the machine is being serviced). Taking all of these figures together, the annual lost revenue brought about by breakdowns of the copy machine can be estimated and compared to the cost of purchasing a backup copier, and from this a decision can be made: the company should only choose to purchase a backup copy machine if the cost of the machine is lower than the estimated revenue lost from breakdowns. Necessary Components Actually making a determination of each of these figures is more simply stated than accomplished. While broad and general estimated can be made using simply algebraic equations, more specific and realistic estimated can be achieved using the assistance of computers and specific software. In this case, Excel was used to create a spreadsheet and run simulations that provided costShow MoreRelatedJet Copies Case Problem Essay1061 Words à |à 5 PagesAssignment #1: JET Copies Case Problem à Read the ââ¬Å"JET Copiesâ⬠Case Problem on pages 678-679 of the text.à Using simulation estimate the loss of revenue due to copier breakdown for one year, as follows: 1. In Excel, use a suitable method for generating the number of days needed to repair the copier, when it is out of service, according to the discrete distribution shown. 2. In Excel, use a suitable method for simulating the interval between successive breakdowns, according to the continuousRead MoreAssignment 1 - Quantitative Methods Essay examples1090 Words à |à 5 PagesJET Copies Case Problem page 1 Assignment #1: JET Copies Case Problem By: Jenna Kiragis Quantitative Methods 540 7/29/2012 JET Copies Case Problem page 2 In Excel, use a suitable method for generating the number of days needed to repair the copier, when it is out of service, according to the discrete distribution shown. Lost revenue of Jet Copies due to breakdown can be done by generatingRead MoreAssignment 1: Jet Copies Case Problem808 Words à |à 4 PagesAssignment 1: JET Copies Case Problem Rose Leahy Strayer University Quantitative Methods-MAT540 Dr. Patricia DeJarnett July 21, 2013 Assignment 1: JET Copies Case Problem Read the ââ¬Å"JET Copiesâ⬠Case Problem on pages 678-679 of the text. 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Those of us with more modest resources, given only a camera, a copier and an ink jet printer adding some creativity can do it even better. There are some things on which you should never cut corners, safety regulations or legal issues for example. Looking only at the surface, in this instance, is a good thing as is goingRead MoreCanon strategic analysis case study (resource based view)1937 Words à |à 8 PagesCANON: COMPETING ON CAPABILITIES This report examines the competitive strategy that enabled the camera company from Japan1 not only to break down the monopoly enjoyed by Xerox in the copier business in the 1970s but also to grow into a highly diversified, multi-product and multinational premier company. Specifically, the report considers (1) the competitive strategy of Canon (2) the major resources and capabilities of Canon (3) management of the development and transfer of capabilities throughoutRead MoreB2B Case 21269 Words à |à 6 PagesMKT 3416: Business to Business Marketing Case: ââ¬Å"Oce Technologies Croon Elektrotechniekâ⬠1. List the points of parity, difference and contention between XES 870 DDS and the Oce 950. (No need for details, only points required) Points of Parity: * Equipped with control, copier, folder and a scanner. This allows legacy blueprints to be input and saved as digital files. * Hold 100 folded-sheets of paper with the available option of purchasing up to 9 additional stacker trays at a rateRead MoreCanon Diversification Strategy4782 Words à |à 20 Pagesinvolved marketing new products through existing channels of distribution. An alternative form of that Avon has also undertaken is selling its products by mail order (e.g., clothing, plastic products) and through retail stores (e.g., Tiffanys). In both cases, Avon is still at the retail stage of the production process. 3. Conglomerate diversification (or lateral diversification) The company markets new products or services that have no technological or commercial synergies with current products, but
Thursday, December 26, 2019
Spectrophotometer Concentration and Standard Curve Essay
Lab Report 4 Biology 103 Prof. Dr. Johnson Spectrophotometer; the finding of protein concentration of an unknown sample of BSA, and by using the standard curve. Abstract A spectrophotometerââ¬â¢s purpose is to use colors of the light spectrum to determine the concentration of light absorbing molecules in a solution. (p.59) In this particular lab, our mission was to determine the protein concentration and the standard curve of the unknown sample of BSA. This, by preparing five dilutions of the unknown solution of BSA together with other known concentrations, and then experimenting by observing how the concentrations were passed through the spectrophotometer. The outcome resolved in the absorption levels being decreased, and thisâ⬠¦show more contentâ⬠¦The same solution of 0.5 ml BSA was then added from test tube 1 to the test tube 2 after being properly mixed, and from test tube 2 the solution was being added to test tube 3, and so forth all the way up to test tube 5, with the same exact procedure. From the last tube, we then disposed the 0.5 ml solution. After above procedures, we now labeled another test tube ââ¬Å"blankâ⬠; 0.5 ml blank distilled water was purred into the tube with the serial dilution of 1:10. We also had a tube C labeled ââ¬Å"unknownâ⬠with the same 0.5 ml of solution. And after adding 5ml of Coomassie Blue to each tube (1-5) and to the blank, the result of absorbance was read at 595 nm. Result | Protein Concentration(à µg/ml) | Absorbance(595 nm) | Tube 1 | 120 | .922 | Tube 2 | 60 | .557 | Tube 3 | 30 | .377 | Tube 4 | 15 | .180 | Tube 5 | 7.5 | .082 | Unknown: .759 | The ending result of this experiment confirms that as five test tubes are lined up with the varying level of absorbance, different results in the level of absorbance will appear as well, this is visible in above table. Thus, this is due to the varying amount of water in the solution. The blank sample had a 0.30 in its level of absorbance. Calculating serial dilutions and their concentrations (Examples of test tube 1 and test tube 2for respective dilution and concentration) Dilution or D = previous dilution (if any) Ãâ"theShow MoreRelatedBradford Assay On Unknown Concentrations Of Proteins1459 Words à |à 6 PagesBradford Assay on Unknown Concentrations of Proteins Taylor Coleman September 27, 2016 Lab Group 3 BIOL 1111: General Biology Lab Fall 2015 Section 107 Chad Perry Abstract Colorimetric assay is a process of determining a concentration of a solution based on absorbance of light. The purpose of this lab is to determine if the Bradford assay is an accurate way to determine an unknown concentration of two samples of protein. The Bradford assay is done by measuring wavelength of light passingRead MoreDETERMINING THE GLUCOSE CONTENT OF AND ORANGE USING GOD Essay1439 Words à |à 6 Pagesorange was used. An orange which is an excellent source of vitamin C gets its sweetness from natural sugars which are sucrose, glucose and fructose (livestrong.com). In this experiment the concentration of glucose in an orange was measured. There are various methods which can be used to measure the glucose concentration but in this experiment a highly specific enzymatic method using the GOD-PAP assay (glucose oxidase peroxidase aminophenazone phenol) (schedule coventry,2013). This assay is based on 2Read MoreLab Report On The Lab Essay725 Words à |à 3 Pagesinteresting as the main idea seemed to be the proper use and importance of a spectrophotometer but was completed in such a bizarre manner that I am unsure as to wether this was the original purpose or not. The first portion of the experiment seemed to be a practice 10 fold serial dilution using the chemical bromophenol blue, and was treated as a quantitative experiment. The second portion of the experiment used known concentrations , which was created though a second ten fold serial dilution with the chemicalRead MoreInvestigation Into Haemoglobin Levels And The Relationship Between Absorption And Concentration1139 Words à |à 5 PagesInvestigation into haemoglobin levels, and the relationship between absorption and concentration. 551+146+85+71 = 853 Introduction 82+41+56+108+57+70+41+96 =551 Haematology, is a well-used important tool for diagnosing anaemia in patients, via a full blood count alongside a blood film. There are many parameters considered, from Haemoglobin levels, white blood counts and platelet counts to full white blood cell counts, also referred to as a full blood count ( FBC ) (Bain, 2006) ;(National InstituteRead MoreThe Effect Of Temperature On Enzyme Activity1718 Words à |à 7 Pagescalibration curve was created to convert the absorbance level measured into units (mg/mL) of starch. The method of spectrophotometry was implemented to quantify the results of an iodine test to measure the amount of starch remaining after its reaction with amylase. Starch, amylase, water, and IKI were all used in the experiment. Other equipment included a spectrophotometer, test tubes labeled 1-4, a test tube rack, and volumetric pipettes to obtain the amylase, starch, water, and buffer. A standard curveRead MoreThe Equation Of Equilibrium Constant1365 Words à |à 6 Pagesreferred to, is the ratio of the molar concentrations of the reactants and products for the reaction. But in order for the ratio to be accurate the system must of reached equilibrium and temperature must have stayed constant. The value of Keq obtained from all our experiments was nearly constant because our percent error was only 6 percent. The values for the equilibrium constant should be constant because the ratio for Keq consists of the molar concentrations of the reaction. And at equilibrium theRead MoreVerification Of Manufacturer Claims Of Protein Content1065 Words à |à 5 Pagesmanufacturers, this experiment was done to test to see if the protein in commercially available products is correct. A spectrophotometer was used to measure the concentration of the molecule that was being investigated. A colorimetric indicator was added to the standards, and a graph was formed. The graph was used to determine the mathematical relationship between concentration and absorbance. In this experiment three productââ¬â¢s protein content (whole milk, muscle milk, and protein shake) were testedRead MoreBetacyanin Essay1324 Words à |à 6 Pagesï » ¿ Effects of temperature manipulation and solution treatment on the Beta vulgaris craca plant cell membrane and the change of the concentration of betacyanin when placed under these various stresses Introduction: The Beta vulgaris craca plant, commonly referred to as the beet root contains a pigment, red in colour, called betacyanin. The betacyaninââ¬â¢s containment within the cells of the beet root cell relies on the stability of the plantââ¬â¢s membrane structure. The manipulation of the cellââ¬â¢s membranesRead MoreEssay about Lab Report1401 Words à |à 6 Pagesprovided were made by homogenizing tissues in a sucrose phosphate buffer in a 1:20 ratio. The protein concentration in bovine cells was measured by diluting the homogenate with a 1:5 ratio; 50 microliters of homogenate and 200 microliters of water. 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Wednesday, December 18, 2019
Analysis Of The Movie The War Against Bullying
Deniz Hernandez Dr. Ball TH 4398 B April 2, 2015 ââ¬Å"The War against Bullyingâ⬠I. Introduction It started with the name-calling. We had just moved to Houston from California and I was about to begin the third grade at Thompson Elementary. I was ââ¬Å"the new girl!â⬠The ââ¬Å"tallâ⬠girl with an ââ¬Å"accentâ⬠that nobody wanted to be friends with. I was the ââ¬Å"odd and uglyâ⬠girl in the third grade. It was a group of six boys and girls that decided to make my year miserable by bullying me. I never hated school so much. In fact, I remember frequently lying to my parents about being sick because, I did not want to attend school. However, the verbal and emotional abuse continued and I had decided to remain silent. According to the National Center for Educationâ⬠¦show more contentâ⬠¦Ã¢â¬Å"Its effects on victims, perpetrators, and even bystanders are both immediate and long term and can affect the development and functioning of individuals across generations.â⬠(Donegan 2). What follows after this, will emphasize on the types of bullying, define the problem and its negative impact on students, and discuses nonviolent alternatives to address the matter. II. Definition of Bullying and Its effects According to research by the U.S. Department of Health Human Services, bullying is consider being a form of violence in schools and consists of two people, a bully or intimidator and a victim. ââ¬Å"Bullying is unwanted, aggressive behavior among school aged children that involves a real or perceived power imbalanceâ⬠¦the behavior is repeatedâ⬠¦or has the potential to be repeated, over timeâ⬠¦Ã¢â¬ (ââ¬Å"www.stopbullying.govâ⬠) It includes direct or indirect actions such as hitting, verbally assaulting face-to-face, etc. or starting rumors and gossip with the intentions of ruining the victimsââ¬â¢ self-esteem and gaining a sense of superiority and power over him or her. Research shows that bullying has a negative impact on the following: the target, the bully, bystanders, and the school environment. In fact, many victims of bullying experience depression, anxiety, feelings of loneliness and isolation, disconnection from school and lose interest in school. In addition, they have a higher risk of substance abuse and in extreme cases,
Tuesday, December 10, 2019
Euro Crisis Stand off Between France and Germany
Question: What have been the main roles performed by the International Monetary Fund and the European Central Bank in resolving the financial crisis experienced by Greece in recent years? Answer: Introduction The major economic system in the world are going through a phase of turmoil with rising debt crisis. The economy of Greece has been experiencing crisis since the year 2009 which has had serious implications on the government debt sustainability which has increased from 103% of GDP to soaring over 170% of GDP, contracting the economy by 25% , raising unemployment to 25% and making the banking system unstable. (Bulmer, 2014)The Eurozone governments, International Monetary Fund(IMF) and European Central Bank (ECB) has adopted and implied a number of policies alongside measures in order to end the crisis. The crisis in Greece has affected other member states in the Eurozone as they share a common currency, monetary policy and controls fiscal and banking policies.(Blanchard, 2014) The report is a comprehensive reflection of the various endeavors that have been undertaken by International Monetary Fund (IMF) and European Central Bank (ECB) in resolving the financial crisis that Greece is experiencing in the recent period. IMF has 189 participating countries from around the world whereas ECB consists of the European countries that have agreed to the Eurozone agreement. The report deals with the financial assistance and mentoring help that IMF and ECB extended to Greece for a comprehensive bail out to emerge out of its crisis situation. The crisis in Greece started to grow since the 1990s when the government of the country adopted Euro as its national currency which resulted in lower borrowing costs. (Mitsopoulos, 2011)As Greeces policies were controlled by European Central Bank (ECB) rules and regulations, investors trusted the economy and started lending money. Majority of the funds were utilized for serving government spending, compensate for lower tax earning s. IMF and ECB have extended several financial assistance packages to the country to offset its current debt situation as discussed below.(Abboushi, 2011) Role of IMF ECB in Greece crisis Greece crisis was revealed in 2009 when the newly elected government revealed the budgetary deficits of the country, which distanced the country from capital markets as investors started growing uncertain regarding Greeces financial position. Greece position impacted other countries in the Eurozone as investors were hesitant regarding the sustainability of their public finances. Threatening the European banking system as a whole with slowed economic progress and increased unemployment, International Monetary Fund and European Central Bank extended benefits in the light of crisis.(Matsaganis, Social policy in hard times: The case of Greece. Critical Social Policy, 2012) In 2010 and 2012 IMF and other Eurozone government extended two financial package totaling to Euro 240billion. Greece utilized the fund for fiscal and structural adjustments that changed budget deficit from 9.9% of GDP to a surplus of 1.5% in 2014.(De Grauwe, What kind of governance for the eurozone?. , 2010) ECB responded to the Greece crisis by purchasing or pledging to purchase bonds in secondary market through Securities Market Program (SMP) and the Outright Monetary Transactions program (OMT). ECB had forwarded Euro 1 trillion through three-year, low cost loans or long-term refinancing operations (LTRO) into 800 banks in Eurozone. ECBs contributions has been greatly considered important in stabilizing Eurozone especially financial markets and in reducing crisis. ECB extended several purchases through the money market instruments available and also extended mentoring of the financial situation to help Greece bailout of its current economic crisis. However Germany was opposed to the idea of extending help to Greece. Greece a member of Eurozone was feared to spread its crisis to the other European countries. IMF major shareholder being USA supported Greece and extended financial assistance package and also regular mentoring to help Greece bailout of its current situation.(Roubini, 2010) Greece upon receiving the first financial assistance failed to adopt economic reforms related to taxes, fiscal targets, pensions and debt levels. The government highlighted that the first assistance was utilized in paying off most of the past debt payments, upon being deferring payments to creditors. The country called for disbursing the second financial assistance Euro 7.2 billion as it altered on its payments to the IMF in 2015 Euro 1.5 billion. Hence IMF along with other Eurozone countries agreed on extending the third financial assistance package. IMF hence provided a Euro 30 billion under Stand-By-Arrangement(SBA) through its standard lending instruments.(De Santis, 2012) Greece had several governments change during the period of crisis which led to inappropriate applications of required reforms in the country. (Stuckler, 2012) The agreement that IMF and ECB made to finance Greece with Euro 110 Billion financial package along with certain reforms that the country had to make. IMF will analyze the progress of Greece on its assistance on quarterly basis. The following reforms were demanded from Greece in exchange for the assistance. (Bohn, The 2010 euro crisis stand-off between France and Germany: leadership styles and political culture., 2011) Reduce Debt: Greece was continuously unable to repay its loans to IMF and ECB , there needed to be reforms made in its policy. The allocation of the funds of the financial assistance needed to be applied appropriately for it be able to repay back its loans in time. The agreement was made in the light that Greece would be able to tackle its debts and start a growth trajectory within the country. IMF and ECB was deeply interested in seeing the procedure Greece embraced in terms of budgetary cuts, freezing wages and pension for three consecutive years and increase tax. (Blanchard, 2014)These measures would directly address Greeces fiscal and debt issues and will enable the economy utilize the financial assistance for deep reforms to strengthen the economy and put it back on growth tracks. The Greek Prime Minister George Papandreou as well as European Union Economic and Monetary Affairs Commissioner Olli Rehn and IMF Managing Director Dominique Strauss-Kahn agreed that massive measures w ere adopted to prevent further crisis and gain control over Greeces public finances which will eventually modernize the Greek economy. IMF extended these measures as a means for Greece to overcome its current crisis levels. Greece could only reduce its burden of debt by repaying off its previous loans with proper financial planning of its fiscals.(Janssen, 2010) In order to make Greeces government finances sustainable and reducing its fiscal deficits the debt to GDP ratio needs to be on a downward trending. The wages and social benefits is 75 % of total public spending in Greece. The government will curtail any programs that extend social security benefits but will continue to provide benefit to the vulnerable.(MLA, 2011) The pension program will discourage early retirement and encourage to work for more number of years. (Matsaganis, The welfare state and the crisis: the case of Greece, 2011).The government also proposed to curb military expenditure in the period. To improve current business climate: IMF and ECB implied that Greece adopting the measures suggested by them in the international front would not only allow the economy recover from the past but also improve its overall business climate. Though IMF recognizes that the initial period will be stressful for Greece but the fiscal measures reforms would help make the economy more dynamic and robust.(Lattemann, 2008) The measures suggested by IMF and ECB will help Greece be on a growth trajectory, create more jobs and an environment for future sustainability. IMF further suggested that Greece adopt steps to reform its current labor market and labor market policies that will enable it to generate better incomes, will attract investment in state enterprises improving the overall business environment. Foreign investors have become hesitant about investing into Greece companies and state control enterprises but adopting suitable reforms and lowering overall salaries in the labor market will at tract those investors. (Mitsopoulos, 2011)These increased numbers of businesses in the country will generate jobs and pay taxes which will create earnings for the government. The government of Greece was also instructed by IMF and ECB to reform policies in regards to waste as that would greatly impact utility from products and reduce wastes.(Matsaganis, Social policy in hard times: The case of Greece. Critical Social Policy, 2012) Greece needed to also adopt stringent measures to fight corruption by elimination non-transparent procuring practices. IMF along with ECB wanted Greece to improve the existing business environment including political, technological, social changes in the country. (Mamadouh, 2011)IMF and ECB indicated that the environment for conducting business in Greece was not appropriate as people tend to retire early and enjoy pension benefits also the bodies aimed to curb the several benefits the governments extends to the people on summer, Christmas, Easter bonuses . This social reform was meant to encourage people to work more and would d also encourage several foreign companies to set up their facilities in Greece. (Douzinas) Accept Measures: Greece would accept any measures that IMF Managing Director and European countries extend. According to direction given by IMF and ECB Greek governmental authorities started consolidate fiscal measures to 5% of GDP and accept legislative actions. (De Santis, 2012)Great emphasis was made to provide fair measures within the economy that included protection of the most vulnerable. The measure stress of IMF was put on tackling twin issues within Greece of debt and competitiveness.(Visvizi, 2012). IMF and ECB identified through their constant monitoring of the Greece economy that the impounding debt and financial crisis in Greece was majorly allocated to its inability to accept measures laid down by them and incapability within its economy to accept modernized measures. IMF and ECB both proposed at modernization of the Greece economy in the light of the crisis that was overhauling its economy. But earlier governments had failed to assess the graveness of the situation and the results that could come from Greece not reforming its policies. Earlier government had used the recurring financial help to repay off its existing debts, interests and to fund government expenditures. In the final assistance package extended by IMF it was agreed that Greece will have to accept the remedial measures as suggested on its current economic status and accept the necessary implications that arise from applying such measures. Making Greece economy competitive : Greece would adopt measures to reform its policies to these waste reduction, reduce tax evasion and provide protection to the poor. IMF proposed that Greece needed to make its economy more competitive in order to make it pro-growth which implied that policies and reforms that were traditional in nature needed to be modernized. (De Grauwe, What kind of governance for the eurozone?. , 2010)Modernization of the Greek economy will open up opportunities for all, indigenous as well as foreign investors. Competitiveness measures as indicated by IMF directed at cost controlling and reduction of inflation such that Greece could regain control over prices and ensure price competitiveness. (Knight, 2015) Greece was at a budgetary deficit of 13.6% of GDP with public debt mounting to 115% of GDP in 2009. The Greece government in response to IMF indications aimed to consolidate fiscal deficits to 11% of GDP and designed adjustments such that general government deficit rounds of to 3% by 2014 as against 13.6% in the year 2011. (Wyplosz, 2012)Greece economy was functioning at the tail end of Eurozone countries prior to its crisis period. This further made the crisis financially and economically to settle in Greece easily.(Chamley, 2011) The governmental spending measures will be targeted to yield savings of 51/4% of GDP throughout 2013. The government also aimed to freeze pension and wages for three years and abolish payment during Christmas, Easter and summer bonuses while accommodating the lowest income group.(Matsaganis, Social policy in hard times: The case of Greece. Critical Social Policy, 2012) The financial markets in Greece especially the debt market major restructuring. Lenders and international investors were weary regarding Greece financial markets capability to deliver. IMF and ECB wanted Greece to increase its ratings in financial markets such that it could attract investments.(Mantanika, 2011) The major governmental revenues raised through value-added tax, taxes on luxury items, tobacco, alcohol and so on will raise a 4% of GDP in 2013 alone. The government will administer a stringent measure to collect taxes from individuals especially those susceptible to tax evasion.(De Santis, 2012) The tax system was also meant to safeguard revenue from large taxpayers. The budgetary controls were also regarded as an important step in controlling deficits and reduce burdens of debt. The net gain from administering structural reforms was expected to be 1.8% of GDP in the program period.(Lapavitsas, 2012) A Financial Stability Fund was created from the external sources of financing received to ensure proper bank equity and avoid misappropriation of funds. Previous governments in the beginning of the crisis period had misappropriated the funds meant for the country bailing out of the crisis period. This led apprehension in the mind of ECB as well as IMF in regards t its capabilities to repay off dents. Hence IMF on its quarterly monitoring indicated that the country devise a mechanism whereby the financial assistances can be redirected to yield much better results for the country.(Bohn, The 2010 euro crisis stand-off between France and Germany: leadership styles and political culture. , 2011) Conclusions Greece has been gradually recovering from its state of crisis with the several aids that it has received. The financial aid that has been forwarded by IMF and ECB in times of financial breakdown helped the economy regain back its economy and keep the basics functioning. However the most valuable input to the country had been the policies and propositions that IMF along with ECB suggested to help restructure its economy. (De Santis, 2012)Though majority of the steps came at considerable costs and raised speculations regarding the economies stability and viability. Yet the country has been able to bail out of its extreme crisis situation but is yet to get back on its growth trajectory. (De Grauwe, Greece is solvent but illiquid: What should the ECB do? (No. 10694), 2015) The IMF fears while forwarding financial assistance to Greece had been related to the countrys capability in accepting and adopting the major economic reforms. The Eurozone had feared that the countrys crisis could spread to other countries in the Europe that extended help. As Eurozone is bounded by common currency, monetary, banking and fiscal policies, they were apprehensive that extending help to Greece could easily have an effect on the Euro currency rates and raise levels of inflation. The role of IMF had been significant when considering the totality of the situation in which Greece was entangled and from where the country has recovered. (Stuckler, 2012)The IMF major shareholder USA had been very positive about Greece gaining back but was refuted several times as Greece failed initially to adopt the measures suggested by IMF Director. The Greece economy is a major economy in the Eurozone but Germany had severely opposed to IMF endeavors to help Greece bail out. IMF had failed t o assess the debt sustainability of Greece as most of its loans gets extended. Though the costs of financial assistance from IMF is quite high yet it has overlooked all Greeces fallouts and extended loan repayments till 2040 until which Greece gets time to reform and deliver.(Bohn, The 2010 euro crisis stand-off between France and Germany: leadership styles and political culture. , 2011) References Abboushi, S. (2011). Analysis and outlook of the Greek Financial Crisis. Journal of Global Business Management, 7(1), 1. Blanchard, O. J. (2014). Labor market policies and IMF advice in advanced economies during the Great Recession. IZA Journal of Labor Policy, 3(1), 1-23. Bohn, F. . (2011). The 2010 euro crisis stand-off between France and Germany: leadership styles and political culture. International Economics and Economic Policy, 8(1), 7-14. Bohn, F. . (2011). The 2010 euro crisis stand-off between France and Germany: leadership styles and political culture. . Economics and Economic Policy, 8(1), 7-14. Bulmer, S. (2014). Germany and the eurozone crisis: between hegemony and domestic politics. West European Politics, 37(6), 1244-1263. Chamley, C. P. (2011). Why official bailouts tend not to work: an example motivated by Greece 2010. The Economists' Voice, 8(1). De Grauwe, P. (2010). What kind of governance for the eurozone?. . CEPS Policy Brief, (214). De Grauwe, P. (2015). Greece is solvent but illiquid: What should the ECB do? (No. 10694). Centre for European Policy Studies. Douzinas, C. (n.d.). Philosophy and Resistance in the Crisis: Greece and the Future of Europe. 2013: John Wiley Sons. Janssen, R. (2010). Greece and the IMF: Who Exactly is being Saved?. Cent. for Econ. and Policy Res,, 1611. Knight, D. M. (2015). History, time, and economic crisis in central Greece. Palgrave Macmillan. Lapavitsas, C. (2012). Crisis in the Eurozone. Verso Books. Lattemann, S. . (2008). Environmental impact and impact assessment of seawater desalination. Desalination, 220(1), 1-15. Mamadouh, V. . (2011). Financial, Monetary and governance crisis: an outlook on the euro (zone). Tijdschrift voor economische en sociale geografie, 102(1), 111-118. Mantanika, R. . (2011). The spatiality of a social struggle in Greece at the time of the IMF: Reflections on the 2011 mass migrant hunger strike in Athens. City. 15(3-4), 482-490. Matsaganis, M. (2011). The welfare state and the crisis: the case of Greece. Journal of European Social Policy, 501-512. Matsaganis, M. (2012). Social policy in hard times: The case of Greece. Critical Social Policy. 0261018312444417. Mitsopoulos, M. . (2011). Understanding the crisis in Greece: from boom to bust. Palgrave Macmillan. MLA. (2011). Analysis and outlook of the Greek Financial Crisis. Journal of Global Business Management, 7(1), 1.Roubini, N. M. (2010). Crisis economics. Penguin Audio. Stuckler, D. . (2012). There is an alternative: public health professionals must not remain silent at a time of financial crisis. European Journal of Public Health, 22(1), 2-3. Visvizi, A. (2012). The crisis in Greece and the EU-IMF rescue package: Determinants and pitfalls. Acta oeconomica, 62(1), 15-39. Wyplosz, C. (2012). The ECBs trillion euro bet. VoxEU, February (www. voxeu. org/article/ecb-s-trillion-euro-bet). Disappearig government bond spreads in the eurozone back to normal
Monday, December 2, 2019
The Wolf of Wall Street The Rich Life Essays - Film, Finance
The Wolf of Wall Street: The Rich Life What is the secret to becoming filthy rich in the stock market in the modern age? In just under forty years, Apple, a company which began trading publicly in 1980, has created more than $1 trillion in net wealth for investors.The previous chart-topper. Warren Buffett once said " The stock market is a device for transferring money from the impatient to the patient." Warren, Buffett. WiseGeek defines net wealth as ' the total value of assets owned by an individual, company, or other type of organization, less any current liabilities. The goal of most businesses and households alike is to generate a positive net wealth, meaning that the total value of asset surpasses the total amount of debt that is currently owed."' The movie known as The Wolf of Wall Street, directed by Martin Scorsese, a drama/biography defines their American dream as not about becoming middle children and having your kids go to college, but is about becoming ridiculously rich. But the institutions that al low people to become ridiculously rich (wall street bank etc) are not open to people with the wrong background and without the correct connections and breeding. So in light of that contradiction, the only way for normals to achieve the American dream is to find something that is in a grey area of the law . I gave the movie a 5 star simply because it was motivational, inspirational and informative. I thought this movie would be boring at first because it has to do with the stock market and Wall Street which basically deal with numbers all day, long but after I watched the movie, my way of thinking completely changed. Haris 2 The Wolf of Wall Street includes talented and phenomenal actors and actresses. Leonardo DiCaprio, the main character, performed as Jordan Belfort, a american dreamer Which chases a desire of becoming world's most powerful and rich individual with his friends that he helped get rich. Margot Robbie performed as Naomi Lapaglia, a beautiful girl from Dutch which creates a personal bond with the main character and marry with him later on movie. Jonah Hill performed as Donnie Azoff, a middle class worker lives in the same building that Jordan Belfort does. Azoff finds himself confronting Jordan Belfort in shop which is the moment his life changes from a middle class worker to an independent higher class individual. Jon Bernthal performed as Brad, a drug dealer which becomes a close partner with Jordan Belfort after the main character decides to create of his own firm to become financially independent. The movie begins by describing Belfort's first day as a junior stockbroker on Wall S treet. Surrounded by power play ers who live to be rich, get richer or die trying. Jordan has the opportunity to watch and learn firsthand the rules of the game. Little did he know he was stepping into a world where drugs, alcohol, corruption and prostitution are daily occurrences. A few years later, Jordan, who has been dreaming of truly becoming a successful stockbroker in his own right, has left Wall Street and has decided to start his own firm: Stratton Oakmont (SO) in Long Island, New York. Not only is he making millions of dollars daily and illegally at SO, but his firm and wild stockbrokers are the pure definition of debauchery; parties and sexual acts performed with hookers in the office, illegal pills and cocaine - to name but a few - can be found in abundance. This is an outrageous story of a man who had it all, i.e., money, status, prestige, a wife and children, yet who could not help wanting more. A man whose inexcusable greed led him to rob millions of innocent Amer icans so as to enable him to Haris 3 continue in this life of abuse, excesses, perversions and self-destructing behavior. Until he got caught. Jordan Belfort is very successful in his effort at becoming rich. His way of thinking or his mindset were not surely not always effective but they eventually came to be very major in his path of success and they did pay off at the end. Jordan Belfort kept thriving for money even
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