How The Financial Crisis Has Effected Our Lives Finance Essay - Free Essay Example

In economies, the financial institutions take an important place. And try to be the most profitable corporations. They have plans, budgets and programs in order to be well organized and much better than any other institutions and have the right to be one of the worlds strongest economies. In my project I will discuss the global financial crisis and how did it affect the worlds economy. The financial crisis is a sudden breakdown in the world economy because of some mistakes in the workflow like using inefficient systems in the workplace and not having enough experience and information about the work of financial institutions. This can lead to many bad results and direct the world to a series financial problem like financial loss, price increase and lots of debts. It could lead to some diseases and attacks and sometimes to social crimes. However, global financial crisis took a big place in the world media. Everyone and every channel were talking about the crisis that the whole world faced. And each one stated his own opinion about it and what they think about that will happen to the world in the future. I hope my project to be well done and I hope that I used the best drafting techniques. Global financial crisis: what is a financial crisis? Its a crisis that is caused by a financial error and a decline in the banking system. It started in the United States in the middle of 2007 and reached to a high level in the last quarter of 2008. The global financial crisis caused a huge collapse in the financial institutions such as banks and stock companies. The government had to push the banks to stay alive and complete their activities to benefit other people and complete the work programs. The stock companies faced a large destroy in the cost of stocks and the rate of profits. The financial crisis is a decline in everything in the world that affected everyone in the whole world especially the ones who had stocks in the stock market and were depending on stocks to live and have a family. It could affect every single corporation and every business in the whole world. The financial crisis is a global problem that made many people to reconsider their lives again and sometimes have a new lifestyle and new rules of budgeting. What are the main causes of the global financial crisis? There were many direct and indirect reasons caused the financial crisis. It started with the mortgage crisis of real estates in the USA. And after that many other reasons affected the completeness of the crisis like: Political competing between countries, states and corporations. Some economic and organizational interests was mentioned that they were a hand in the happen of the financial crisis. Raw and inefficient financial systems. Including complicated financial securities. One of the causes is that some people were depending on the short term financial markets and go to invest there. It was wrong because the short time is not affective and will lead to a financial loss. Instability in the international trade that might cause a loss in the bad times although it might cause a benefit in the good times. The loss can be losing everything. Many other reasons like a rise in the number of debts for the financial institutions, setting some ineffective controls that makes the work more difficult and not easy to deal with which makes the success percentage lower and the profits less. What are the main effects of financial crisis? The crisis has affected many things in the whole world and caused many losses and problems to many institutions like banks. Banks had to lend people and companies money in order to get back to the market and stay standing. This money was given to the people and companies as loans. And this had affected the bank itself. No one is returning the money because they dont have profits they dont have enough money. All the money they have they were spending it on getting back into the market. So that banks faced a big problem that might cause a financial loss to the banks. The second result that is affected by the global financial crisis is that the prices of fossil fuel increased in a very high percentage. This can reduce the amount of production and let people try to look for alternatives like nature resources to make nature production. This might cause a financial loss to the fuel companies. Everything was affected in a very bad way from the financial crisis that is harming the world since 2007 tell this day. Many of the milliners lost more than 40 million dollars. Some people lost their homes, money, cars and everything they had. Managers announced their bankruptcy and closed their companies. The loss from the stock market reached to %46 of the whole budget. It was so bad that some people stayed without homes, their children couldnt go to schools any more. The global financial crisis has affected the whole world in a really bad way. There was a study that have made on the Nigerian economy about the effects of the financial crisis and they said that nothing stayed constant. Everything has changed even the prices of goods and services everywhere. The amount of export and import reduced. The quantity of production declined. Even the prices of transportation rose up. Nothing was good, nothing was suitable. Everything was going against people. So that every government was trying to intervene in order to solve the problem. And try to prevent the rise of every price for everything. It didnt reach to its goals %100 but still trying to maintain an appropriate environment for each layer of people. What are my opinion and other peoples opinions about the global financial crisis? What I do think so about the financial crisis, I feel that its the peoples mistake. Because they werent focusing well, and werent training well. They were just buying and selling without knowing how they have to do this. Some of them were giving the authority to the stock broker in order to buy and sell the stocks for him. My sister was working in a brokerage and securities firm. I asked her about the people who were coming to them for trading. She told me that the client just comes to the company and ask us to maximize his money. No matter what the way is. We just call him and tell him you will gain this, he says ok sell it. Most of our clients do this. They are not educated with the brokerage system at all. Some of them come without any experience. While others come to you and work by themselves, they show you that they are well known with the brokerage system. But unfortunately, the upper number of uneducated people disturbs the work of others and prevents them to trade in the original method. I searched the internet to find out some opinions of people about the financial crisis and what their expectations are what is going to happen in the global. Some of them said that they expect the world to maintain its success in the next 5 years, While others said that the worlds economy is about to fall in the whole and will not go out at all. As crystal, one of people who posted his own opinion about the crisis and said that you dont have to count your chickens before they are hatched. Others were defending the loss that happened and hoping that the world will be back. I visited my sisters company in Al Ain city and talked to MR Alaa Al zoubi the supervisor of Al Ain branch of Al Ramz securities. I asked him few questions about the financial crisis and what was their opinion and what were their clients opinions. He said that from the first time they knew that there will be a bad wind coming to the brokerage firms. So they backed- up in order to know how to deal with that wind. The most important thing they were focusing on and trying to deal with professionally was how to explain that to their clients. Of course some of them understood and made their plans while others didnt want to discuss anything which made a huge problem in the company at the end. After all, they could deal with the crisis with some losses but not disasters. Methodology: As an individual project, I used the internet to search for the definition of global financial crisis. Then I searched for the causes and effects of financial crisis. Then I posted my own opinion and what I found out in websites about peoples opinions. After that I talked about the interview that I did with some head of a brokerage firms. And after all concluded my project with discussing what expectations I feel that will happen in the future. Conclusion: Based on my research and sources I can say that Global financial crisis is a very big problem that the western and eastern world faced during the three years from 2007 tells 2010. Everything in the world was affected by the global crisis. Even people who are sitting in home and not working in any of the financial institutions. The increase in everything prices affected them in a very clear way, and still they are trying to face and overcome the problem. The governments tried and still trying to keep the world in the save side but no guarantees about what is going to happen in the future. I think that after few years the world will be back as successful as it was before and I hope my expectation to be right.

Why Invest in Apple Inc. - 1608 Words

Why invest in Apple Inc.? Daniel A. Martinez MGT 521 March 12, 2012 Diane Hunt Wagner Abstract This paper presents a brief discussion and analysis of Apple Inc. using the Strengths, Weaknesses, Opportunities and Threats (SWOT) management model as a way of providing the reader an â€Å"at a glance† perspective prior to making a decision to invest in the firm. Some of the company’s financial figures obtained from its recently published 2011 unaudited financial reports such as the income statement, balance sheet and cash flow reports are included in the analysis and will be used as a reference for the explanation of the concepts here reviewed. Internal and external stakeholder identification and the fulfillment of their wants and needs†¦show more content†¦| |Mobile advertising – Provides growth opportunity |Global and socio-economic conditions – European and Asian countries | |Stimulation of customer demand for new products – Maintain product |stagnation and Middle East social unrest could lower international | |innovation. Eg. iPad2 |growth. | | |Company’s reliance on third party software developers | | |Potential failure of outsourcing overseas | (â€Å"Apple Inc. Company Profile,† 2011). Underlined are the key items from the analysis considered to advice investing in this organization. With all elements of the analysis considered, it seems like the potential threats outweigh the strengths and opportunities, however the company’s strong financial performance results positions it as a low risk investment. 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NCAA aAhletes and Pay - 1142 Words

Should college student-athletes be paid has become a much debated topic. The incentive for a student-athlete to play a college sport should not be for money, but for the love of the game. It has been argued that colleges are making money and therefore the student-athlete should be compensated. When contemplating college income from sporting events and memorabilia from popular sports, such as football and basketball, it must not be forgotten that colleges do incur tremendous expense for all their sports programs. If income from sports is the driving factor to pay student-athletes, several major problems arise from such a decision. One problem is who gets a salary and the second problem is how much should they be paid. Also, if the income†¦show more content†¦There would be no rush to graduate because the student-athlete is receiving free education, housing and meals as well as making money. College sports should be played for the love of the game, not for the love of money . If the NCAA decided to pay college athletes, it would create more problems than solutions. For example, if student-athletes are offered a salary, most likely the cost of school tuition will go up because the money paid to the student-athletes must come from somewhere and the revenue from sporting events and memorabilia will not be enough to cover all student-athlete salaries as well as expenses to run all the college’s sports programs. In addition, not all college sports draw the same fan base and therefore, income is greatly varied between sports programs which in turn will create an unfair balance when determining the salary for each student-athlete. All student-athletes regardless of which sport they are participating would expect equal pay. If the student-athletes are paid a salary, in addition to receiving a scholarship, which includes, tuition, books, housing and meals, it would be grossly unfair to non-student-athletes because tuition costs would be increased dramatically and ultimately be unattainable for the non-student-athlete. Without reasonable tuition costs, less students will attend and in turn this loss of

Compare and Contrast Melody and Structure in the Brahms, Debussy and Poulenc free essay sample

Brahms is a composer in which melody is not the key focus, but still does in fact use it to his advantage. As a romantic composer Brahms definitely uses the features of the romantic era in his music, for example, the augmentation of motifs. This happens regularly throughout the piece but specifically he does an augmentation of the x motif in bar 105-108. Another melodic feature that is present in this Piano Quintet is the use of ornamentation. This helps to create decoration to the melody line and is seen in the y motif at bar 109. The last melodic feature that Brahms predominantly uses is rests and staccatos. This creates a jerky melody throughout for the strings and piano to play. Debussy in contrast, uses smooth melodies, by using slurs, which is shown from the first bar to create his description of the poem. Another contrast to Brahms, is that Debussy uses solos and unaccompanied melodies in his composition and Brahms never lets a part play on its own. Debussy’s main and famous solo that he uses for the melody is in the flute at bar 1. Furthermore, he also uses whole tone scales to be able to create a different melody that has not been used before, and this is shown at bar 31 and 32 in the clarinet. Similarly to Brahms, Debussy decorates his melody, however not with ornamentation but with different rhythms so that he can add in extra note flurrys. For example, the rhythm in bar 3 in the flute, at bar 21-22 has been decorated with demi-semi triplets. Poulenc similarily uses ornamentation in the way that Brahms does in his piece, for example in bar 10 he has used a type of higher mordent. In addition, a melodic feature which is unique to this composition is the arpeggio figures, which is shown in the trumpet in the first three notes. This appergio figures helps us to establish what key we are in. Furthermore, just like the Brahms Poulenc makes use of our ability to make extreme dynamics for the melody,without having to add instruments. It starts off quietly until the fourth bar where it jumps to forte for three homorhythm notes. Lastly, Poulenc uses some chromaticism, just like Debussy. The chromatic melodic figure that appears in this piece is in the trombone in the Coda. Brahms is very particular about the structure of his composition also. The overall structure of the piece is Ternary Form, which is A-B-A or this case Scherzo-Trio-Scherzo. The Scherzo is a movement which is mean to be like ‘a joke’. This structure and Scherzo was influecend by the Classical period as we were still developing the romantic era at this time. Brahms, decides to experiment with the Ternary structure though, so within the Scherzo there are three themes called A,B and C, and these are formed together witha fugato section to form ABCAB Fugato BCAB. Furthermore, the Trio also uses its own Ternary form within itself with different themes. Lastly, the structure of the Fugato section is also experimented with to make it complicated and decorative to the listener, so Brahms uses a fugal subject and countersbujects at the same time and changes the points and instruments in which the different countersubjects come in. He ends the Fugal section with a Stretto, creating a extra part of structure, which uses fragmented ideas from previous melodies. Similarly to Brahms, Debussy uses a Ternary Form structure of ABA. Furthermore, within the A section there is two subsections and a transitions. You can tell each different subsection because there is something new going on in each section. For example, in A1 the main theme of the flute is present, to the transition where the instrumentation changes and the melody starts to get scalic, and then for the final subsection it has a significant difference of a new tempo. This is a comparison with Brahms because Debussy has also experimented within the structure but has not gone to the extent that Brahms has. Lastly, the whole structure is based on description. Debussy is trying to give a musical/visual image to a tone poem, and this helps him to create his structure throughout, because it needed to adapt to what was going on. The Sonata structure is not in fact in Sonata form, it uses a variation of Ternary form. Again like Brahms and Debussy, he does not just use ABA, but create a transition and a coda to go with this to create the structure of his whole piece. This is less ambigious than the other two composers but this is because Poulenc was heavily influenced by the neo-classical style. Moreover, to create a contrast within the piece Poulenc used extended phrase structures and distinct classical style phrasing to help him clarify his structure e. g. bars 1-4. In comparision to Brahms, Poulenc uses themes within his structure to give each section its own miniature structure, for example, in Section A, bars 1-21, there are three themes A (b1-8) ,B (9-17) and C (18-21). In conclusion, there reasons there are similarities between the pieces are because they are all in similar music periods. All it ranges from is the romantic period, where experimentation started to occur, to the 20th Century when experimentation was at its peak. Also, the reasons there are differences between the pieces is because of their own individuals styles and influences. Brahms is still influenced by the Classical period in some aspects due to being so close to the Classical Period, Debussy is in the middle of two periods so is influenced and his piece pushed the periods forward, and lastly, Poulenc was influenced by Neo classicism, and this shows all the composers influences are contrasting.

Transgender Orientation And The Transgender Community Essay Example For Students

Transgender Orientation And The Transgender Community Essay Today’s society is changing; the LGBTQIA+ community is growing, people are becoming more accepting, and the world is opening its hearts to the people who are different. Not everyone in this society gives acceptance, however, for there is still unnecessary sex and racial discriminationespecially by the transgender community. Transgender and gender nonconforming citizens are faced with more bias and discrimination than the rest of the general population. Rights and legal legislation is needed to protect transgender and gender nonconforming people from social injustices.There are many ways you can support transgender or gender nonconforming people you know or that are around you. We will write a custom essay on Transgender Orientation And The Transgender Community specifically for you for only $16.38 $13.9/page Order now Such as, you can educate yourself about transgender issues by reading books, attending conferences, and consulting with transgender experts (Thompson 20).† Learning about transgender issues and concerns allows someone to progress in a developing relationship with people who are transgender or don’t conform to society’s gender normatives. With today’s growing acceptances and differences, this is just the first step in helping people in the fight for transgender freedom. Be aware of your attitudes concerning people with gender-nonconforming appearance or behaviour (Thompson 20).† Being careful about attitudes towards transgender people with different appearances/behaviours is important in the support of a transgender friend or loved one, and can help you as well as them grow and develop in today’s society.Remember that there is no universal way to look or be transgender, and that many transgender people have membership with different identity gr oups, such as race, social class, religion, age, and disability (Thompson 20). Keeping an open mind to everyon. .ere turned away altogether, and 22% were sexually assaulted by residents or staff (Thompson 36).† On top of all of the discrimination faced by transgender people, they are now being denied homes? This is exactly what we mean when we say, as one voice, that society has quite some time before it grows enough to accept people who don t conform to the norms. The fight for equality is far from over, and the evidence is being shown.It’s truly unbelievable how much discrimination transgender people truly face. But, with more people advocating for transgender rights and equality, the fight can continue and society can continue to progress. Discrimination and bias faced by transgender and gender nonconforming individuals can be terminated with more support and a stronger fight. Let’s help society open its heart and becoming more accepting to the changing world around us.

The Soldier Within essays

The Soldier Within essays Tim O'Brien's The Things They Carried is not so much of a novel about the Vietnam War as it is a story about the soldiers and their experiences and emotions that are brought about from the war. O'Brien makes several statements about war through these dynamic characters. He shows the violent nature of soldiers under the pressures of war, he makes an effective antiwar statement, and he comments on the reversal of a social deviation into the norm. By skillfully employing the stylistic technique of specific, conscious detail selection and utilizing connotative diction, O'Brien thoroughly and convincingly makes each point. The violent nature that the soldiers acquired during their tour in Vietnam is one of O'Brien's predominant themes in his novel. By consciously selecting very descriptive details that reveal the drastic change in manner within the men, O'Brien creates within the reader an understanding of the effects of war on its participants. One of the soldiers, "Norman Bowler, otherwise a very gentle person, carried a Thumb. The thumb was dark brown, rubbery to touch. It had been cut from a VC corpse, a boy of fifteen or sixteen" (13). Bowler had been a very good-natured person in civilian life, yet war makes him into a very hard-mannered, emotionally devoid soldier, carrying about a severed finger as a trophy. The transformation shown through Bowler is an excellent indicator of the psychological and emotional change that most of the soldiers undergo. To bring an innocent young man from sensitive to apathetic, from caring to hateful, requires a great force; the war provides this force. Ho wever, frequently, the changes are more drastic. A soldier named "Ted Lavender adopted an orphaned puppy. Azar strapped it to a Claymore antipersonnel mine and squeezed the firing device" (39). Azar has become demented; to kill a puppy that someone else has adopted is horrible. However, the infliction of violence has become the norm of...

Literature Review & Project Specification Essay

Literature Review & Project Specification - Essay Example To date there are very few routes in the Internet that support fully ATM-based backbone transmission, fast routers, QoS (Quality of Service) services and/or un-congested bandwidth resources. Yet VOIP is already being used. VOIP can be viewed as an opportunistic parasite on the existing telephone system. This view will be further borne out as we examine other opportunities that have been seized by VOIP vendors. Circuit systems are not well suited for packetised data communications of the type that is generated by Internet services such as Web page retrieval. That is because a circuit-based network is not well suited for exchanges between rapidly changing endpoints. A fundamental limitation of a circuit-based network is that each user can connect to only one endpoint at a time. That is, by arrangement with the central office (by dialling a telephone number) the switch will be programmed to move every package of data you send from your conveyor belt to one other outgoing conveyor belt. There is no mechanism in this situation for individual packages to receive special treatment! Project Specification - Telephone or mobile is a technology that almost everyone uses in the home, at work or on the move. Traditionally, telephone is a simple one-to-one or one to many communication technology but it is now offered with enhancements that include video, chat, file passing and file sharing where suppliers are attempting to present a complete communication environment over mobile or landline. Due to his there is always a chance of misuse of communication via toll fraud. Toll fraud might be combated in several ways: user training, detection schemes, regular monitoring of internal extensions and issuing a personal authorization code for every employee according to the requirement and only then any long distance call be matured. Sending bills regularly to the employee and ensuring payment for the calls made for personal use. Intention - Educates on toll fraud and helps in its prevention. Project Title - Toll Fraud -Preventive Measures Project Topic Area Overview - Toll fraud and long distance calls abuse are the unauthenticated or illegal use of long distance telephone services offered by the legitimate companies. "They include not only those who steal authorization codes and use or sell them to others, but also any University employee who uses the University's long distance system for purposes other than official business" (ITS, 2006). It is against the rules and regulations of any legitimate telecom company to charge personal telephone calls to a company or some University account either by illegally using company's or University telephone authorization codes and company's or University credit cards. Their corresponding employers strictly subject this kind of unauthorized use of company's or University telephone system for toll calls to legal and disciplinary action. "Protect your company's internal telephone directory. Restrict use to employees only. Adopt strict distribution controls and penalties for failure to comply with the privacy requirements of your company. When finished with the directories, have them shredded" (Times Warner Telecom, 2006). According to Chen (2006) modern telephone system is "a newly defined protocol which supports all users but also is compatible with the current technology;