Writer's choice Case Study Example | Topics and Well Written Essays - 1250 words

Financial Crisis, Home Mortgages, Financial Institutions and Adverse Selection - Case Study Example The obvious association between the two comes from the fact that the mortgage market contraction, which in many countries evolved into a recession in 2008-2009, was led by intensive use of certain complicated financial instruments such as CDOs and CDSs in the United States and other countries. It should be recognized that virtually any financial product holds dangers and can be improperly used. Potential problems are likely to increase the complexity of the instruments, the insufficiency of information conveyed by sellers, and the lack of due diligence on the part of investors (Carey, 2009). The huge mortgage securitization of current years seemingly had poor performance in the areas. Mortgage securitization in the successful years did not bring any help to reduce the problems that occurred in information that are characteristic of credit transactions. Appropriate risk assessment did not induce the same characteristics. Role of securitization in mortgage lending The roles of securitization in mortgage include barking up securities, collateralized debt obligation and structure invested vehicles (Barger, 2008). In today’s setting, one that gets a loan is likely to sell the loan to a third party which can be government agencies, an institution in the private sector or government-sponsored entities. The mortgage is then sold with payment rights to the investors. The process can be long as the mortgage can be sold to several other people. The process is what is referred to as securitization. The main role that is played by the process is a conversion of mortgages to mortgage-backed up securities. In mortgage backed up securities, the payments that are made are based on collection from individual mortgages.Mortgage-backed securities were supposed to be sound investments as they were rated by genuine rating agencies. The securities, however, did not happen as planned and the hazard led to the crisis.  

Place Bio Los Angeles Essay Example | Topics and Well Written Essays - 1250 words

Place Bio Los Angeles - Essay Example Davis and McWilliams alerted visitors to the existence of Los Angeles's deep division and hidden history of conflict but they did not specifically tell where the evidence was prominent, where one could go to actually see it. The guide brilliantly produced listings of many historic sites of struggle with themed tours of the city from Latino, Native American and the African American. A People’s Guide to Los Angeles is a socio-political look at the West Coast’s occasionally explosive cultural reservation that do not turn up in the usual tourist guides. There are several sites highlighted in the site including Biddy Mason Park which is located less than 50 yards south of the Bradburry. Dalores Hayden created the sculpture, mural dedicated to the lie of Biddy Mason. She was born a slave in Georgia, 1818; however, she went to San Bernardino in 1851 with Rebeca Smith. California was a free state and a judge declared Mason set free. (Robert, 2003). Kashu Reality is another site in â€Å"A people’s Guide to Los Angeles†. Kazuo Inouye was propelled towards the success by his experiences with discrimination. He worked hard to open up all-white neighborhoods to the white people. He worked with Japanese Americans and African Americans to purchase homes often from Jewish homeowners or others who were sympathetic to racial integration. He helped to change the face of several Los Angeles neighborhoods. When he found a Japanese American buyer, a rival white estate agent broke all the windows in the home. Inouye confronted him directly and threatened to shoot the white real estate agent if he dared to interfere with the property again. Through similar tactic, he managed to sell a number of homes in the Crenshaw district during the 1950s and 1960s (Chaz & Mitchell, 2005). He advertised regularly in the Black Press and facilitated the area’s demographic shift from an all-white to a multiethnic African, American, Japanese and Latino place. Another location of great importance is the southern California Library for social studies and research on Vermont. It is well known for their extensive collection of books, posters, political pamphlets and other memorabilia in connection with struggle in Los Angeles. Philips who is a Los Angeles native, author of many in his fiction uses geography to discuss race, class and social fabric of Los Angeles. He touches on Downtown gentrification, Japanese in the Crenshaw District, the Library Tower among others. City of Quartz is another site evident in the â€Å"A people’s Guide to Los Angeles†. Davis took it as his responsibility in correcting of Banham's refusal to look into Los Angeles's shadows and alleyways. City of Quartz is the closest that could be used to giving Los Angeles the noir sociological treatment that it deserves. Davis lays bare the structures of power, inequality, and violence that diminished the Californian dream. He also highlights a cast of villains that i ncludes the real estate and railway barons who carved the place up in the twentieth century. Davis produced affecting chapters such as the ones on the militarization of the city through initiatives designed to keep out homeless people, and his account of the creation of the new downtown. He tells

Flags of Our Fathers Essay Example for Free

Flags of Our Fathers Essay Context: Flags of our Fathers was a bit of change for Eastwood. The movie is about the famous photograph of the raising of the flag on Iwo Jima by soldiers. Eastwood wanted to show war at its most brutal and that is what he created. Audience: People who like war or action movies and who are interested in war. Mostly for young adults and above. Purpose: The purpose of this film is to entertain the audience. Brief synopsis of text: Flags of our Fathers is about 3 soldiers who raised the U. S. flag on Iwo Jima along with 3 other soldiers who recently died in battle. So the 3 soldiers were taken out of battle and sent back to the U.S. and were classed as heroes because of the most famous image of the raising of the U.S. flag in Iwo Jima and the government made them as heroes to the public to promote selling war bonds. But the 3 soldiers didnt believe they were heroes at all. Ideas relevant to Journeys: In Flags of our Fathers, the 3 men who were taken out of battle and were known as heroes by the public and the government used them to promote war bonds did not regard themselves as heroes. They didnt believe to be heroes but the public did. This shows from the publics imaginative journeys is that they are thinking of how these men, who are known as heroes to survive such a brutal battle and to be in the most famous photograph in U.S. history. The photograph that they show isnt them in the image, they were the soldiers who placed the replacement flag on top of the mountain. But no one knows that. In the first scene or at the beginning of the film, we see a soldier running through a battlefield that has been torn to pieces and keeps hearing a voice. He looks around everywhere to see where this voice is coming from. Then the camera zooms in on the soldiers face and suddenly it was just a dream. The effect of the close-up shot of his face creates a feeling of being involved and the man was afraid of something. We are then taken to a scene where a old age person has woken up to his dream and is sweating and shaking just like if you had a nightmare. This is related to imaginative journeys because the man is having a dream of the past where he was at war. He is remembering and reflecting on the time he was at war and gets woken up by it. In his dream he was afraid, when he woke up from his dream he was sweating and shaking. A dream is a journey through the mind. The lighting of this scene creates a wiry and dark feeling to the viewers who see a lone soldier looking through a torned battlefield hearing a voice in the distance. This is creating suspense through the use of colours and shadows and gets the viewer imagining what is going to happen next. Suddenly we hear a loud sound which was probably a gun been fired and then we are taken to a scene where an old man is woken up. We now notice it was a dream. The man still thinks about upon this day. So the viewers are now imagining what had happened on that day. Was the man wounded or did a person who we couldnt see got shot. We never know until we see what happens in the film. This creates suspense in the audience. Techniques used to present relevant ideas: 1. Use of suspense to keep the audience entertain throughout the film. From the first scene the viewers had no idea it was a dream until they see the old man waking up from that particular dream, sweating and shaking. The scene creates suspense to get the viewers thinking and imagining what is going to happen next which is based on imaginative journeys because the audience is thinking beyond what has happened to the man at that particular time of that dream we saw. 2. The use of lighting in the first scene was very dull and dark. It created a wiry looking scene of a torn battlefield with a lone soldier walking around. We hear voices in the distance which creates more suspense. Dark lighting from this scene can represent an old memory which should have been forgotten at the time the man had the dream. 3. Use of dramatic irony is also used in this film which is something that the audience knows but the characters dont know of. But in this film, its the other way round, the lone soldier in the beginning scene knows what is happening and is afraid but the audience doesnt know whats happening. All we know of is that it was a dream from his past memories. As I said, it creates suspense to keep the audience entertain throughout the film and this is based on imaginative journeys because we have witnessed a scene where is was a dream and a journey through the mind of past memories. Links to set text in terms of ideas and techniques: Flags of our Fathers can be linked with Othello by the use of some of the techniques used in the film such as dramatic irony. In Othello we know that Iago has planned to get Othello thinking that Desdemona is having an affair with Cassio. The audience knows already what is happening but Othello doesnt know that Iago is planning something. From the film, it is the other way round where the lone soldier in the scene knows what is having but the audience is kept in suspense and have to find out later what happens to him from that particular scene which was a journey through the mind or a dream. In Othello the audience is kept in suspense when Iago keeps his plan going well by telling Othello that Desdemona is with Cassio. The audience doesnt know what is going to happen next same as in the scene of the dream in Flags of our Fathers. In the film the audience is kept in suspense from the very first scene where the lone soldier is walking through a torned battlefield and we see he is afraid. Then we are taken to a scene where an old man has woken from this dream. We are then kept in suspense by this scene because the audience wants to know what happens next and they stay and watch the film to see what has happened after he had woken up from his memory of the war. Both Othello and Flags of our Fathers display both suspense and irony to keep their audience entertained and kept in suspense through the use of lighting, irony and imaginative journeys. The audience imagine in their minds what is going to happen next. In mostly all plays and films, everyone in the audience wants to know what will happen next and will stay to watch to see what happens. If there was no suspense or irony, it would be pointless to stay and watch because the audience would know what has happened. Without imagining, we dont know anything. So both of these texts display imaginative journeys.

Watching the Game at Neyland Stadium Essay -- Argumentative Persuasive

Watching the Game at Neyland Stadium Neyland Stadium provides a gathering place where over one hundred thousand people come to cheer for the Tennessee Vols. The stadium, located in the middle of the UT campus, ranks as America’s third largest collegiate stadium with a capacity of 104,079; since people began recording attendance, more than 22.89 million fans have watched Tennessee football in the stadium, and the record attendance was reached when the Vols played the Gators in September 2000(UTsports.com). If you think all you can do is watch the games at home on the couch, think again. You can actually be part of these games and fulfill all your football fan needs. If you come watch a game, it will be well worth your time. For someone who has never been to a game, there may be some things you might want to know. To get to the stadium, you travel I 26, when leaving from Johnson City, for around two hours. The exit to go downtown will take you right to the campus. Arriving about two hours before the game can be helpful when finding a parking place. If you have a hard time being on your feet a lot or get tired easily, going later might be for you. Since the stadium is outdoors, it may be a smart thing to take along ponchos, coats, and anything needed to make you comfortable. The stadium brings out people of all ages. A lot of families come down together. The trip will definitely involve having fun, so carry along some things to help you go crazy for your team. The ushers at all the gates allow pom poms, signs, face painting, noise makers, and anything else you can think of. The first thing you do when you reach the stadium is search for a parking place. Although the price to park at the Hilton motel is fifteen dollars, yo... ... buy on a fun, lazy night. Amazingly, when I am at the stadium, I also see a lot of people I know even though I am two hours away from home. Everyone loves Neyland Stadium. I love the fact that everyone comes together to cheer for one team and act excited to attend. This makes the game intense because when the game takes a bad turn, everyone joins in a giant roar against the referees. After you become a true fan, you begin to take those bad calls personally. You can thing of your trip as an adventure into a land which normally can only be seen on TV. You leave the stadium with a warm tingle in the pit of your stomach, of course if they win. You can feel good about yourself knowing that you played a part in the team achieving their victory. Works Cited Tennessee. UT Athletics. 2003. http://utsports.ocsn.com/genrel/081001aaa.html. Consulted Oct. 1, 2003.

Analysing on Liberty by John Stuart Mill Essay

Humanity’s attempts to study the state of society have stretched back throughout the ages. From forefathers such as Socrates or Aristophanes to the great enlightenment philosophers of Locke or Voltaire, all have grappled with the questions of how humanity best functions as a collective. John Stuart Mill, hailed as a paradigmatic liberal political philosopher, continues this tradition of thought in his work On Liberty published in 1859. Mill’s major argument made is that the individual is sovereign in their actions insofar as they do not impeach upon the rights of others. His justifications centre strongly on the principles of utilitarianism, providing a model he believes to offer the greatest happiness to the greatest number. Through specific analysis it can be seen that he optimizes societal benefit by placing import on individuality but conversely justifying exactly when governance and restraint need to be exercised. Overall, his conclusions are an attempt to unify two competing social factors, individual liberty against circumstances in which power can be exerted over another, articulated in what has become known as the ‘harm principle’. The first and most fundamental principle Mill holds is outlined in the introductory chapter and describes the necessity for man to be free over â€Å"Over himself, over his own body and mind† (Mill, 1859: 31). Individual liberty is not only considered personally fulfilling, but also beneficial to the progress of civilisation for â€Å"Mankind are greater gainers by suffering each other to live as seems good to themselves, than by compelling each to live as seems good to the rest† (Mill, 1859: 33). It is important to note that Mill does not endorse freedom of expression for its own sake but for the greater purpose of stimulating discourse â€Å"His argument for liberty of expression is in fact an argument for liberty of discussion† (Larvor, 2006: 3) To support his claims, he highlights three primary freedoms in order of importance. Firstly, the freedom of thought itself should be unrestricted; second we should have the freedom to pursue ‘tastes †¦ to suit our own character’ (Mill, 1859: 33) regardless of whether social convention deems  otherwise; lastly, the freedom for citizens to unite, providing such action will not harm others. This idea of the ‘harm principle’ is prominent in On Liberty for each of these freedoms are subject to the overarching rule that liberty is complete so long as it does not â€Å"without justifiable cause, do harm to others† (Mill 1859: 72). He also notes that it is obvious that freedom of thought and of the mind does not directly correlate to freedom of action, for â€Å"No one pretends that actions should be as free as opinions† (Mill 1859: 72). He bases this on the logic that if ones free actions impinge upon another’s happiness, then the affected party’s own freedom is violated, outweighing the benefits of the first individual’s liberty. His conclusion is therefore â€Å"that in things which do not primarily concern others, individuality should assert itself† (1859: 73). This reasoning is fundamentally based in utilitarianism, which Mill is a eminent proponent of, as the key deciding factor needs to be maximum pleasure for minimum harm. The harm principle is the primary restraining factor on an individual’s calculus of liberty however Mill is not so blindingly liberal that he does not acknowledge the importance of government in maintaining social stability. In fact, Mill’s definition of liberty itself is intimately linked with authoritative intervention for he â€Å"takes liberty to be the absence of human interference with the individuals actions† (Crocker, 1980: 1). Again, utility becomes the object of question in deciding how pervasive governing bodies ought be. Mill contends, â€Å"the sole end for which mankind are warranted, individually or collectively in interfering with the liberty of action of any of their number, is self-protection†¦ His own good, either physical or moral, is not sufficient warrant†. It is here where Mill refers to the idea of ‘tyranny of the majority’, that pressure from the masses can be as pervasive as an oppressive state for there is more intangible a difficulty in arguing â€Å"against the tyranny of the prevailing opinion and feeling.† (Mill, 1859: 7) Yet here it is apparent that Mill defends the use of public pressure to control offensive opinion. Where then is the line drawn regarding what is unique, individual and valuable thought, and what is deemed inappropriate? While Mill’s consistent self-criticism often enriches his argument, there are contradictory moments wherein his â€Å"expressions are not only ambiguous, but contradictory† (Parker, 1865: 5). The idea of utility is once again at play, however Mill’s contradictions destabilise his  main point being that the use of outside force can be used defensively against another’s individuality if it would cause another’s liberty harm. As well as discussing and arguing Mill offers a number of disclaimers in his argument including the inapplicability of children or those who require the care of others and also â€Å"backward states of society in which the race itself may be considered as in its nonage† (Mill, 1859: 14). He also notes that a person â€Å"A person may cause evil to others not only by his actions but by his inaction† such as failing to help save a person when they are directly able to but choose against it. This idea has been argued against extensively in modern debate, particularly on a legal level. Many states, Australia amongst them, require no duty or obligation to act in such a way, the â€Å"rationale [being] the protection of the autonomy† (Edelman, 2011: 2). Liberty is irrevocably violated if one has no choice in a matter, even if that matter may be for social good. In an attempt to promote utilitarianism and provide an argument that supports social wellbeing, Mill has contradicted his own seemingly inviolate idea of individual sovereignty. Another hole in his discourse is that â€Å"There seems then no obstacle in principle within utilitarian morality to a policy which indeed prevents harm but at the expense of the most basic interests of a minority† (Gray, 2003: 7). Once more the tyranny of the majority is at question and Mill’s regard for individuality is destabilized by the conflicting interest of utilitarianism. It is apparent that Mill’s account is not watertight and this is acknowledged with the criticism On Liberty has received. In essence Mill concerns himself with the â€Å"struggle between authority and liberty,† (Mill, 1859: 3) as the essential factors to be balanced in order to maintain stable society. On an individual level, liberty is restrained by the harm principle and on a social plane; governance and public pressure control it. Beyond these factors, individuality is considered a sacred thing, which should be embraced for the good of progress. His entire theory is grounded solidly in utilitarian ideals, whereby social progression and greatest satisfaction is the primary goal. While a number of contentious arise throughout Mills’ discussions, overall the arguments are logical and coherent. On Liberty wi ll continue to be an iconic if not contentious piece in political literature, as will most social theory which has been and will come in the future. Reference List Edelman, James. 2011. ‘Change of position: A defence of unjust disenrichment’ (presented at the launch of the Restatement (Third) Restitution and Unjust Enrichment, Boston University Law School 16-17 September 2011) Gray, John and Smith, G.W., eds. 2002. ‘JS Mill’s On Liberty In Focus’. London: Routeledge Gray, John. 1983. ‘Mill: On Liberty. A Defence’ Gray, John. 1979. ‘John Stuart Mill: Traditional and Revisionist Interpretations’. Literature of Liberty 2(2): 7-37 Hayek, F.A. 2011. ‘The Constitution of Liberty’. New York: The University of Chicago Press. Larvor, Brendan. 2006. â€Å"Mill on Liberty of Thought and Discussion† in John Stuart Mill: On Liberty Discussions (British Humanist Association). Mill, John Stuart. (1859). On Liberty. London: Cambridge University Press.

A Reflection On The Mission Trip - 1062 Words

I recall a couple of scorching summers ago in the wee hours of the morning when the birds were just starting to chirp, my older brother and I were arguing with my ma. This heated debate regarded whether or not to attend a mission trip with a newly formed youth group at our church. We did not want to go because we thought the kids were odd. On the other hand, our mom thought going on the mission trip would allow us to make new friends, so we gave it a try. Although we reluctantly went in with a biased perspective, as we traveled in a compact blue bus to Virginia some of the kids made us feel apprehensive. Some of the kids talked of having scissor collections and playing with a dead body if they ever found one. Getting off the bus they†¦show more content†¦It was raining that day and there was no place to take cover so i was stuck outside rummaging through all the trash when I found an old polaroid camera that dates back to the 60s. The second and third day on site I learned how to use a nail gun and an industrial saw machine. Also I scraped off old paint from the exterior of the house. To pass time in the simmering heat Layla, Freddie, and I sang songs and laughed for the whole construction site to hear. It was our last day together on the site. Overall the last day was spectacular, we had a series of water gun and paint ball fights. Afterwards, it took about 30 minutes to get the paint out of my hair. The next morning was f ull of sad goodbyes and meaningful hugs. Our next destination was another church in Virginia. That evening we practiced choir music for the following day. I was a alto along with my brother and his friends. We slept on uncomfortable air mattresses and sleeping bags. The next morning, we all woke up with mild back pain that seemed to go away quickly. For breakfast I ate an adequate serving of frosted flake cereal and sliced apples. Ready for a day full of activities we pile into the van listening to trap music. We were on our way to a homeless shelter to perform songs for the people there. My youth group was only there for a short period of time. Our next stop was another homeless shelter. The 2nd Homeless shelter we went to was for families. The building was charming and designed to resemble anShow MoreRelatedIt Is A Water Purification System1665 Words   |  7 Pagesverbally. Short-term mission trips are a highly anticipated part of an adolescent’s involvement in youth ministries. In light of international flights being cheaper and the rising middle-class, cross-cultural missions has erupted across the world, but more specifically North America and parts of Asia. Dr. Terence D. Linhart looks at youth group short-term mission trips and how the adolescent anticipates the life-changing experience of the trip. Linhart asserts that the trip focuses on the developmentRead MoreMission Trip : Part B1571 Words   |  7 PagesMission Trip: Part B Latin America is known for the low education rates. This is unfortunate because high percentages of the countries in this situation are children under 25. For example Peru has an overall population of 45.88% of children under 25, Brazil has 39.74%, and Guatemala peaks at 57.56%. Without solid education, this population will continue to live in poverty. While planning a mission trip, it is important to note what a country is truly in need of. All of these countries areRead MoreMy Duty For Volunteering At Virginia Commonwealth University Health Services902 Words   |  4 Pageshelping children complete their homework. 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Free World Against Communist Block - Free Essay Example

Sample details Pages: 3 Words: 750 Downloads: 3 Date added: 2019/04/12 Category History Essay Level High school Tags: Cold War Essay War Essay Did you like this example? The topic that I chose to write about is the Cold War. This war was between the USA â€Å"Free World† and the Union of Soviet Socialist Republics (USSR) â€Å"communist Block† lasted from 1947 to 1991. Basically, there were tensions between the two nations because they were both feeling threatened by each other’s advances in nuclear weapons. Don’t waste time! Our writers will create an original "Free World Against Communist Block" essay for you Create order For all of the years that we were in the cold war, it was just a big competition between the two. Both made propaganda that made themselves out to be the â€Å"good guys† and pointed fingers at each other for being the â€Å"bad guys.† So, who was right? First, the USSR communist bloc consisted of many socialists. Socialists believed that the free market was bad and that the government should be in complete control of everything that the citizens own and have, including property. By doing this, the nation would be regulated. There would not be people who are extremely rich are poor, but there would be more of a happy medium and everyone would be equal. They believed that private property made it difficult for there to be unity in the nation. Their proposition was that there be a tax put on the wealthier people so that the poor and needy can be taken care of. This view is understandable. In many ways, the USSR was similar to Robyn Hood in the fact that he took money from the rich, but gave it to the poor in order for them to get the help they needed. However, I do see an issue in their views because no one is truly free to do what they want or live how they want to live. Everyone is stuck at the same level an there is no room for grow th in the economy because everyone is getting paid around the same amount and is only allowed to be given what they need. On the other hand, the US believed the polar opposite of what these socialists believed. Adam Smith and John Locke were the inspirers of the beliefs held by the free world. Adam Smith taught that the free market should be guided by the â€Å"invisible hand,† not the government. The invisible hand is where the prices of goods are set to whatever the majority of the people will buy them at. Therefore, the people act as an â€Å"invisible hand† that guides what the prices should be. John Locke taught that the three things that our government must protect is our life, liberty, and our property. Without these things, we do not truly have freedom or order in our nation. They saw the USSR as controlling and depriving their people from freedom. Now that the background on why these two countries were bickering, it is much easier to understand why each nation did what they did during the cold war. These two nations were semi-avoiding each other by not having a giant war, but instead having little wars that they fought I other countries called surrogate wars. An example of a surrogate war would be the Vietnam war. Another conflict that happened was the Cuban Missile Crisis. America was placing missiles in Cuba, which was an obvious threat to the USSR. So, they fought back (in that passive aggressive, avoiding actual conflict way) by putting missiles in Cuba. For 13 days, everyone in the world was panicking over the fact that these missiles could go off at any time. How could they not have known that they were bluffing? I feel like the US and the USSR are both singing, â€Å"I can do anything you can do better, I can do anything better than you.† In the end, the cold war was just a bunch of little surrogate wars instead of giant nuclear bombs going off because everyone was too scared to play that card. The war is very important though because it created more peace between all the nations involved. The communist countries can live the way they want to live without getting in the way of what the free world nations believe. This means that they no longer have to compete and argue who is right or wrong. Neither one is â€Å"right,† but they are both just focused on two different things. The communists want to make sure that everyone in the nation is taken care of and has what they need, while the capitalists just want a government that allows them to be able to be as free as necessary and lead their own live.