Friday, January 31, 2020

Federal Reserve and the Great Recession Research Paper

Federal Reserve and the Great Recession - Research Paper Example One of the major causes of the Great Recession was the bursting of the housing bubble. Being a regulator of the monetary system, the Federal Reserve could have seen a crisis coming. The major cause of the housing bubble bursting was that the Fed opted to expand their monetary policy; though the regulation was effectively done, this policy was a contributor to the problem. The Federal Reserve might have bowed to the pressure from the government to have the implementation of the housing policy be implemented. It happened that the dot-com crash was followed by a substantial increase in the printing press that resulted in an increase in the monetary base. Additionally, there was a great cut in the federal funds by Greenspan (from 5.6% in 2001 to 1% in 2003). These factors contributed to an increase in the housing among other investments that utilize huge amounts of capital. The Fed could have intervened at this point and develop a regulatory mechanism to prevent the situation from escala ting to the financial crisis and ultimately the Great Recession. The Federal Reserve failed to develop adequate measures that would deal with the insolvency. Two institutions at the center of the Great Recession, Lehman Brothers, and Washington Mutual became insolvent resulting in their collapse. The Fed made a miscalculated attempt to go ahead and support these institutions instead of giving them a chance to fail, the outcome would have been an increase in the amount of savings as well as investments.

Thursday, January 23, 2020

Iago Essay -- essays research papers

Iago, More than Just a Villain Iago, the evil villain of Shakespeare's Othello, is more than just a villain. In many ways he is the most intelligent and appealing character in the play. Iago shows superiority over the rest of the characters in the play. He has the ability to manipulate the characters in the play, therefore controlling the play with every sequence of events. His intelligence shines through his ability to deceive, his ability to strategize, and his ability to twist the truth. Iago is appealing to the characters of the pay because he gives them what they want. Iago is appealing to the reader as well. His character is totally unconflicted about being evil, making him known to some authors as the villain of all villains. Iago is, in many ways, the most intelligent and appealing character in the play. Iago has a sophisticated way of deceiving the characters of the play, making him a very intelligent person. Early in the play Othello introduces Iago to the Duke of Venice as, â€Å"My ancient / A man he is of honesty and trust† (!. iii. 284-85). This is but one of the times in the play that Iago is referred to as honest and true. Throughout the play Iago is considered to be honest, but is actuality the villain. In order to maintain this false image one has to have a beguiling character. After Othello and his lieutenant, Michael Cassio, return from the war against the Ottomans, there is a celebration. At this celebration Iago puts his manipulation to work. He knows that Othello and Desdemona’s love for each other is very true, but he tells Rodrigo that Desdemona had love for Cassio: â€Å"With as little a web as this will I ensnare as great a fly as Cassio. / Ay, smile upon her, do†¦Ã¢â‚¬  (II. I. 164-65). This quote shows that Iago deceives Roderigo into believi ng that Desdemona loves Cassio, when in Roderigo’s eyes it is virtually impossible. Iago basically controls Rodrigo because Iago deceives him into believing that he can have Desdemona, by both Cassio and Othello. Iago uses his strategically apt abilities to come up with a very intelligent system that will eventually destroy Othello. After Iago and Rodrigo find out about Othello and Desdemona’s marriage, Iago manipulates Rodrigo into making him angry, because Rodrigo has feelings for Desdemona. Iago and Roderigo go to Brabantio’s abode to enrage him by telling him about Othello and Desdemona: â€Å"Call up her ... ...sio is in fact in love with Desdemona, and that Cassio is in fact doing dishonesty to Othello. Othello does get discouraged by this advice given by Iago, and eventually does confront Desdemona. The quote specifically displays how Iago can make Cassio seem evil to Othello. Iago persuades Othello into believing him, which creates a way for Iago to work around the truth. Iago completely changes the appearance of Cassio, therefore making Iago extremely intelligent and far superior. Iago’s magnificent intelligence and superiority make him a very intriguing character. Iago is not just any villain that comes into a town, with a black cape and knife that scares everyone, he destroys and â€Å"kills† by using creative tactics that could only be thought of by someone who is brilliant. He deceives, strategizes, and twists the truth with amazing ease. Iago maintains his on point intelligence by staying completely unconflicted about being evil. Iago is completely committed as he states, â€Å"[He will] turn her virtue into pitch, / And†¦ make the net / That shall enmesh them all† (II. Ii. 366-368). Iago is considered a cross between God and the Devil, as shown in the, â€Å"Divinity of Hell!† (!!. ii. 356)

Wednesday, January 15, 2020

Analysis of Coming Home Again Essay

The world is becoming smaller day by day, connecting millions if not all within the frame of internet and telecommunication. Hence, traveling abroad or immigration to a foreign land is quite common nowadays. Of course, the decision to move to a new country entails many benefits; however, it is not without problems. One such negative after-effect would be the possible family feud that arises from the clash between family members, mainly that of parents and children, often sparked by provision of new education. Language plays a part in family dispute. As the first generation immigrants, parents are usually confined by their teachings in the language and cultural lessons of their mother country while the offspring are ready to make transition to their newly-adopted home. Problems often arise in most mundane circumstances such as calling the bank, buying clothes, and more. Chang Rae Lee narrates about a personal experience of encountering a bitter argument with his mother as he â€Å"was getting more and more impatient with the difficulty she encountered in doing everyday things†. Although a very trivial matter, the mother can’t make a phone call because of the language barrier. When the son was asked to make a phone call for his mother, the author felt that his mother’s life was â€Å"so small to him†, thus creating a disorder between the two. Language is a way to connect and even divide the family members. Often when families immigrate to a foreign country, the roles of the parents and the offspring switch. Already accustomed to their home country’s culture and values, parents become unfamiliar with the new lifestyle and environment, thus losing responsibility of daily tasks and circumstances. On the other hand, children have the opportunity to adjust themselves to new perceptions and settings, granting them the responsibility to take care of trivial matters. Such reversal of roles that create dysfunctional unnatural circumstances causes the spark of family feud. Wounded and entangled, family feud caused by education is not easily curable. However, Chang Rae Lee, though he experienced a hard time with his mother because of his adoption of American education, recover his bondage with his mother because of his efforts to help her cope with her incoming death, allowing him to gain true understanding of his mother’s sentiments toward him. Through realization of love and sacrifice, the author is able to overcome the family.

Tuesday, January 7, 2020

The Industrial Revolution Could Never Have Happened

Without the worker, the industrial revolution could never have happened. Mass immigration supplied the workers, changing technologies threatened them, and the government regulated the balance between the worker and the industry. The time between 1865 and 1900 were hard for many workers, but their struggle fuelled the industrial revolution in America. Between the years 1865 and 1915, more than twenty-five million immigrants came from south-east Europe. Immigrants came for many reasons, including religious persecution, the need for work, and political freedom. With the new developing factories and build projects, employers welcomed the immigrants. Immigrants could be hired off as unskilled labor, often for less than established immigrants and second generation immigrants that came in the years before. With all the immigration that took place at the time, there was always a replacement for your job. If a worker was dissatisfied with their pay, they could be dismissed and easily replaced with either a new immigrant or someone who was willing to work for less. In the beginning of the nineteenth century, the average pay for an American industrial factory worker was between four-hundred and five-hundred dollars. Much of the work that the workers did was dangerous. Death on the job was not uncommon, and if a worker was maimed or injured on the job, until government regulation after 1892, they would receive no compensation. One of the primary reasons that caused the workers toShow MoreRelatedThe Decline Of The Industrial Revolution1646 Words   |  7 Pageschanged the way americans lived their day to day life.All of these revolutionary changes that impacted millions of people s lives are thanks to the industrial revolution. This enormous movement known as the industrial revolution first started out in Great Britain later on spreading to the western world in the following decade. 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