Tuesday, August 6, 2019
The Seven Wonders of the World Essay Example for Free
The Seven Wonders of the World Essay One of the most famous structures on the list of the seven wonders of the ancient world is The Great Pyramid of Giza. What makes this structure the most recognizable on the list? Not only is this pyramid the oldest structure on the list, but it is the only structure that still remains. The Great Pyramid of Giza was the tallest man made structure in the world for 3800 years which is not only a testament to its durability but to its mark as one of the most remarkable structures built. It is no wonder that The Great Pyramid of Giza was placed on the list of the seven wonders of the ancient world. The Great Pyramid of Giza is a fairly typical pyramid. It is not decorated with reliefs or inscriptions, and it is built in the same shape as all other pyramids. The Pyramid of Giza was not the first pyramid to be built, yet this pyramid has become one of the most famous structures in the world. Why has this particular pyramid gained all the fame and glory? The Pyramid of Giza, though not much larger than most pyramids, is in fact the largest pyramid ever built. This pyramid exemplifies the advancements and accomplishments of architecture in Egypt. The pyramid is large, precise and required an overwhelming amount of organization. It is not the pyramid that is so fascinating, but it is the process and method used to create it. Even today, Egyptologists are not completely sure how The Great Pyramid of Giza was built. In about 2,550 B. C. Pharaoh Khufu ordered the building of his tomb on the plateau of Giza which lies on the outskirts of Cairo. The tomb was designed to protect the Pharaohââ¬â¢s body as well as his possessions. This would ensure a safe trip with all his belongings into the afterlife. Some believe that Khufuââ¬â¢s vizier, Hemiunu, was the architect of the pyramid whose seated statue was found in the tomb at Giza, but it is not known for sure. The pyramid took just under 30 years to build. The pyramid consists of 2 million limestone blocks each weighing from 2. 5 to 15 tons. The corners of the base of the pyramid coincide almost exactly with the four cardinal points, and the base is level to within in an inch. The pyramid is estimated to stand 481 ft tall. Right by The Great Pyramid of Giza lay three smaller pyramids which are believed to hold the Pharaohââ¬â¢s queens. The second largest pyramid as well as the sphinx was commissioned by Pharaoh Khufuââ¬â¢s son, Pharaoh Khafre, in 2520 B. C.. It appears at first that this pyramid is the largest, ut do not be fooled. Pharaoh Khafre built his tomb on a plateau 33ft higher most likely to out due his father. The last and smallest pyramid was built by Pharaoh Menkaure around 2490 B. C.. Much like most old kingdom pyramids, the inside of The Great Pyramid of Giza consists of three chambers. The entrance is on the north face of the pyramid and placed up high. The entrance leads to a passageway that descends 191 ft through the pyramid into an underground chamber. There is a passageway from this chamber that is wide enough for only one man, but it leads to a dead end. On the east-west central axis of the pyramid remains the Queens Chamber which was misnamed by early explorers. This chamber was sealed off from the rest of the pyramid and is now believed to once be the location of the kingââ¬â¢s ka (spirit) statue. Connected to the descending passage, there is an ascending passage as well. The ascending passage is only big enough to crawl in (approx 1m high and 1m wide). This passage leads you to the Grand Gallery which ultimately leads you to the Pharaohââ¬â¢s Chamber. All that remains in the Pharaohââ¬â¢s Chamber today is Khufu sarcophagus. The room is built in red granite, and it is believed that the pyramid was built around the sarcophagus. Also discovered were airshafts in the pyramid. The four airshafts are believed to be ââ¬Å"escape routesâ⬠for the Pharaohââ¬â¢s soul. Two of the airshaft point to Orion and the other two point towards the polar stars. The Pyramids were commissioned by the Pharoah, but the Pyramids were built by the people. With little tools or technology, the Egyptians were able to move heavy blocks of stone as far as 500 mi as well as place the blocks on top of one another so that the pyramid would reach 481ft tall. It is a mystery even today how the Egyptians maneuvered these heavy blocks, but some theories have been drawn. Many believe that the stones were carried using wooden sleds, levers and papyrus twine to the pyramid using ramps. The gradual ramps were made of mud, stone and wood. The ramps were used to move the blocks not only to the pyramid but around and up it as well. The Nile River was also used in transporting materials and equipment. Over 100,000 laborers worked on the project. The people that built the pyramid were skilled and well-fed builders who lived in nearby cities. Help from many ommunities across Egypt most likely occurred to create the pyramid. Originally, the pyramid had casing stones of highly polished white limestone lying on the outside of the pyramid. However in the Middle Ages, massive earthquakes loosened the casing, and the materials were reused for other projects. Erosion, grave robbers as well as tourists have also attributed to the Pyramidââ¬â¢s deterioration over the years. However, steps have been made to protect the pyramid. Now the pyramids are protected by organizations, Egyptologist and the people so that it may remain unharmed for future generations to see. Originally, The Great Pyramid of Giza was built as a symbol of Egyptââ¬â¢s wealth and power. Now, the pyramids are a symbol of Egypt and its rich history and culture. The Great Pyramid of Giza is a testament to the intelligence and technological advancement of Egyptââ¬â¢s ancient civilizations. Pharaoh Khufu was able to create one of the largest structures in the world as well as one of the oldest. The pyramid was an amazing feat of ancient civilization which is why it made the list as one of the seven wonders of the ancient world.
Monday, August 5, 2019
Factors Affecting Menu Planning
Factors Affecting Menu Planning Research Report, describing the factors influencing menu planning and menu product development process Introduction In the recent years the food industry has created a boom in the market and has struck the economic status of the world market. The cuisine development and number of opening of eateries have gradually increased and magnetised the attention towards them. In a restaurant to be made successfully operational the main dictum is to fix the menu in order to make it saleable and to communicate to the mass. The point of success and potential of the outlet should be focussed in order to cut a renowned name in the society. The business rotates around the structure of the menu, the cost of the ingredients, the employment cost together on which the entire infrastructure is going to be framed. The menu pattern which is framed to run the restaurant needs a regular introspection and often introduction of new cuisine to enhance the growth of the outlet. The study of this topic is going to carry from the perspective of 10 Greek street, a restaurant in London and shall carry along a self evaluation to e xplicit a clear idea about the project. Task A (a) Principles of Recipe Development 10 Greek Street is a Restaurant in London, a very simple unshowy outlet ,yet containing an interesting platter of menu which is eye catching as well as amicable. The organisation follows the following principles while designing its recipes: To make a healthier recipe 10 Greek Street believes that a recipe should not only be munchy and tasty but it requires a healthy and balanced mixture of ingredients to fulfil the balance of the health. Substitution of ingredient and making the food healthier It targets to create a menu which has a nutritional value like less salt, fat and calories,and more importantly sugar.Food alone is insufficient to make one healthy. So a dietary balance which includes proper mixture of protein , carbohydrate and fat is very much required. Light Cooking ââ¬â The prepared food are not heavily fried in order to ensure that they are not taxing heavily on the consumers health. Healthy Cooking and Living style. The most important factor for a good and healthy life is to make the food edible and digestible, both at the same time. Target Audience ââ¬â The restaurant does prepare the recipes keeping in mind the demands of the target Audience. One can take the example of Brecon Lamb preparation which is cooked with white beans, Tomatoes, Olives and Anchovy prepared with very light and healthy oil and little spices. This is a very popular dish amongst its customers and follows the above principles. Task A (b) Factors that influence the Menu Planning Decisions The factors which influence the menu planning decisions is not only cost oriented but also depends on the target audience , their availability and the quality. Considering each target group which includes teenagers, middle aged and elderly group their demands vary and each needs a different combination of food for their sustenance. Menu planning decisions depends largely on a number of factors which include the customers choice of vegetarian or non vegetarian , either allergic or alien to certain ingredients. Competition in the Market 10 Greek Street, is focussed on the factor that the quality of food, the price of the menu and the quality is under sharp vigilance so as to compete and survive in the Market. Where it is situated:à The most important point of thought for the restaurant is to produce the food according to the locality. The outlet should be aware of the neighbourhood and thus motivate the ambience accordingly. Adopting new trends: The outlet has to groom itself according to the choice of the customers. Being on the country front requires more new and adoptable recipes than the people residing in the suburb who are comparatively less prone to accept the change. The kitchen parameter: The kitchen of the organisation is compact and prepared to produce the food mentioned in the menu chart and does not de motivate the target audience with extra non producible items. Supply, cost and the variety: The restaurant is conscious in supplying the food as per the requirement and does not overrate itself. The costing of each item is buyer friendly ,and the variety concept is applicable only during the occasions such as Christmas, and New Year Eve. Dietary change on demand: The company is flexible to produce the customers with their food of choice when required. Such as for Diabetic people or preparation for the vegetarians. The above principles are very important to run the menu of the organisation and it does so as to keep the pace of its publicity. Task (A) c The Influence and Requirements of the Service Methods The British Food Industry is supposedly one of the biggest food groups across the Globe. Their service method is also very compact to keep their market upright and concentrate on the class of customers whom they can satisfy. The service concept should be Task (B)a Justification of Designing a Menu The British Food Industry considered to be one of the biggest upcoming and growing industries requires an attention of improvement .The study of National Health Service Britain provides the world with a report that obesity is a rampant disease that is percolating the living beings specially the Homosapiens. Fast Food, Junk Grubs and long paucity in the food habits leads to the occurrence of this self eating ailment. The crossing of the Body Mass Index (BMI) leads to the growth of the blood sugar level leading to coronary disease, type two diabetes, and many more. The food habit is the primary concern which requires a regular examination and incurring fatty food requires vigorous exercise to burn out. The food served and the menu catered in the restaurant is often money minting concept than health concern. In that case the structure of the menu being less heavy, cooked in light oil and not being always too delicious can fulfil the requirement of an interesting menu and also the develo pment of the health. It is often stated that the gastronomy factor is in direct in confrontation with the taste buds and people tend to gobble spicy foods to achieve happiness. To halt the process the structure of the menu cards demands fast transformation. Modern age demands a very fast life with gorging into excessive fat and high calorie food with very little of physical exercise. The deposition of extra calorie heads towards the cause of depression and makes a person get into a continuous food habit. The Justification requires to incorporate a new eating style that sounds healthy and gives the stomach a sense of peace. Task (B)b Development of Food Service, Ambience, Supportive Menu, Recipe and Service style. There has been an intense concern about the health System in London and entire Britain. Eating of a balanced diet or following an exercise regime is now often suggested and fast food avoid is a must. People are now delving into the health conscious factor and are cutting down their restaurant food habits .Under such circumstance the food outlets require to cut short their high calorie charts and boil down towards, the easily consumable quality food. There has been enough publicity through the press and medical journals in order to awaken the minds. Not only the company should provide a healthy chart but they should also be the mentors to educate their new food habits. The environment requires peace and service friendly which has been already floated in the market. There should be a change in the development of human brain and subtraction of the concept of junk food from the minds. The process is in progress and the people are gradually finding it a more friendly ambience to become di sease free. Task (C) A new food concept according to the Customer requirement ââ¬â The NHS report stands out to be threatening. If the standard rate of calorie hike is so fast then it can be assumed that the change is on the doorstep. The combination of food which we came across 10 Greek Street comprises of high calorie and fat content. This menu card which is being offered for Lunch and Dining consists of Desserts, ice creams ,mayonnaise ,shrimps all which contains the increase in the body weight . The people have fallen prey to it and what is required is simplicity. The menu format should consist ofââ¬â Boiled vegetables b) Salads c) Fruit Salad d) Protein like fish and lean meat e) fatless milk and soya milk ice cream and desserts. The menu chart requires public attention and their acceptance. It is then only, the new food concept can be introduced and better results are expected. Task( D) Evaluating oneselfReview of the Project Report and Suggestions for the Betterment The SWOT analysis. The food trail that has been studied in the above project aided me to develop a specific thought about a human health concept. The menu which an outlet in general follows, prevents from making a man healthy and nutritious. Strength The healthy food concept which is straight, simple and light keeps a man from many a number of ailments. The diet which is available in an outlet does not always bank on the digestive capacity of a person. It is more bent on the tongue liking factor, the publicity and the demand of the organisation. Whereas a simple outlet which provides good quality food turns the human fraternity more happy and energetic and I have learnt a lesson that way. Weakness The food service sector has by and large increased in number and in London has generated a magnanimous business. And I have observed that keeping in mind the monetary factor the food service industry is very fast adding certain salts and recipes which are detrimental for health.I am assuming a destruction regarding the health of human beings but it is very tough for me to transform the entire system. Opportunity The Food service Industry now is getting into a turning point. Depending on the NHS London survey report the chain of food outlets growing can be curdled and in result very quality systems can emerge thereby divulging the old methods of food making.Good and healthy recipe with low calorie and fat can always be interesting and can pull in more number of people thus in return making them health conscious.I have observed that the medical reports threatens people and they run into solutions.So it can be said that there is always an opportunity to improve and develop. Threat My project Report leaves me threatened with the fact, sooner the better. The journey to change the menu and the recipe system does not depend only on me. It is a mass work and from this I have learnt that its true saying that ââ¬Ë An Apple a Day keeps a Doctor awayââ¬â¢.That is me too need to pay attention on the food cycle and be very much aware. Since entire London is deeply delving into the practise of food and service I feel that it is high time that my thoughts are percolated into their minds and a change is very fast needed. But it also has ensured me that learning is a continuous progress and its not only me but we all need to change our lifestyles as fast as possible.
Sunday, August 4, 2019
Regulatory Framework for UK Banks
Regulatory Framework for UK Banks Introduction Berger, Molyneux and Wilson (2010) are of the view that banks provide a full range of financial services like banking, securities, and insurance under a single corporate structure and must be supported by the single capital base, the term ââ¬Å"universal bankâ⬠has multiple meanings, but commonly it refers to the commercial banking that is making loans and collecting deposits along with investment banking in which there are issuing of underwriting and trading in securities. Ryan-Collins and Goodhart (2012) point out the broader view that universal banks offer a wide range of financial services including commercial banking, investment banking with other activities like insurance, it seems like the multipurpose financial market which provided both banking and financial services. Financial Times (2015) terms refers universal banking as financial services of retail, wholesale and investment banking services under one roof. Demirguc-Kunt (2010) refers that universal banking is a com bination of large banks operate extensive networks of branches, providing multiple services, holding claims that firms about participation in corporate management of firms. Forsyth and Verdier (2003) are of the view that universal banking began almost in 1930 to 1940 and Europe is the home of Universal Banking, although other countries also adopted it. Structure of United Kingdom Banking System Schumpeter (1939) refers the connection between banking and financial system in economic growth and it is most old history of this specified reference of this field. Beck and Rahman (2006) speculate that in the recent economic literature, banking system measures a reasonable ratio and access like banking, loan ratios in gross domestic products, and it is a direction to analyse other financial markets. Banking systems have many other multiple dimensions that bank assets may be kept in one house, the bank required few branches or a large number of branches, but it was very true in the early stages of banking when banks were in their development phase. Heffernan (1996) describes the financial system refers some points very clearly that the system can provide payments, can give support between savers and borrows and play major role in insurance against risk. The British banking industry has many changes from the last 20 years, besides forces which have the power to change the supply and demand functions, change has also been made due to domestic deregulations. Hsbcnet.com (2015) reports that The Bank of England has always shown keen interest in the structure of the financial system because financial stability may have an effect on cost and availability. Many new products emerged over the past 50 years and the United Kingdom banks have full range of financial services and become larger. United Kingdom banking system made a dramatic shift in size from past 40 years and the total assists rise from 100% to 450% of the nominal Gross Domestic Product, banking giants claiming that the UK banking system keeps this pace in future also. Salina and Peltonen (2013) describe that financial stability depends the potential impact size of UK banking, so ultimately there must be some factors behind this huge banking size, description about those factors is important and these are financial hub benefits, comparative advantages and historical factors. Bush, Knott and Peacock (2015) d escribe the size of the UK banking system as shown in figure 1.1 and figure 1.2 refers below. Size of GDP of UK Banking System (2013) Regulatory Challenges of Universal Banking Models Alworth and Bhattacharaya (1998) are in the view that in the recent decades, the banking sector has undergone due to the forces of globalization and lack of technology, secondly it is also recognized de-regulation is due to that higher degree of freedom to financial institutions as a so it requires strong supervisory authorities. Changes in the nature of banking risks, off-balance sheet business and complexity in the nature of transactions all these need strong internal risk management and strengthening of existing capital requirements in 1980 and early 1990 numbers of bank failures were due to the way banks were regulated. Quinn (2012) is in the view of that change is needed in the banking sector, there is some need to show the market trends of entry and switching are enough for competition where customer focus is on the front line. Different advance economies adopted structural bank regulation measures to face the regulatory challenges and one element is mandatory upon them that se paration of commercial banking from certain securities market activities. Treanor (2011) reported in the ââ¬Å"Guardianâ⬠, that the United Kingdom is going to act upon Vickers Commission suggestions as a major measure the report, in which Sir John Vicker recommends to Britian biggest banks to implement reforms until 2019, this is going to be initiating after the collapse of Lehman Brothers in 2008. Conway (2011) is in the view that Vickerââ¬â¢s recommendation is going through to ring-fencing in the United Kingdom banking sector. The Economist (2012) reveils the report that universal banks merging investment banking complexities with commercial banking services, in one extent it is good offering services to the customer while on the other hand analyst have no second thoughts also, the famous universal banking giant Sandy Weill, the mergers of Citigroup saying that the megabanks should be broken up. Shrivastava, Pandey and Vidyarthi (2007) describe the view that banks facing information imbalance which will cause the lack of public confidence in the banking system, so there is the need to protect it from this high risk taking by banks. Because banks are critical for mobilizing the public savings, its safety and return to savers also, so banks need for their heavy regulation in this sense also. Mostly challenges have faced by bank regulators in the early 80s, due to deregulation of economic system, financial innovation waves and internationalization of financial flows all these challenges arise the potential of doubts about the bankââ¬â¢s risk management procedures. Orbell and Turton (2001) speculate that banks take deposits from public to investing these deposits in risky assets and businesses, ultimately banks are in a position to take risks excessively, secondly market discipline, where these deposited are invested, is a mechanism which curb the incentive in taking excessive risk more costly for banks. So after recent events of severe market and re gulatory failure in Europe and United States a point arisen that there should be need for reforms. While on the other hand single regulator model of United Kingdom widely accepted across the globe. Regulatory Challenges, and British Economy Kim and McKenzie (2010) argue that financial crises faced globally in 2008 laid many questions for strong measures to prevent any resemblance in future, bankers, regulators, politicians or economists nobody want accept the blames of crises. Particularly in British banking which has a rich history, which spread out on centuries, founding of the Bank of England in 1694. Bank of England has always had a dominant position in the British economy while other banks were underdeveloped. So due to small in size other country banks were inherently fragile, which made to face them financial crises in early nineteenth centuries, one major example is crises of 1825, and then the first time the Bank of England understood the role of lender of last resort. Gregory (1929) quoted ââ¬ËThe Economistââ¬â¢ that ââ¬Å"the limited liability of the wealthy may not be expected to prove as good if not better security than the unlimited liability of the poorâ⬠. Mullineus and Murinde (2003) urges th at the in 1986, main clearing banks ranked them fully integrated banking, invested more than one billion in the securities business. British banks highly enhanced their standing globally, commercial banking was higher profit gaining business in the United Kingdom and have much concern about the level of competition. Conway (2011) describes that the time of financial crises all had become universal banks, amalgamation of commercial and investment banking activities, on the other hand Barclays, HSBC and Standard Charted faced crises without government support. Treanor (2011) describes that Britishââ¬â¢s fifth largest mortgage lender Northern Rock, is going to run on, and this disaster situation was not seen in United Kingdom from over 100 years, most dramatic symptom of Northern Rock crises indicated the low grip on financial markets in the United Kingdom. Northern Rock has good use of structured products in funding before to the crises, but still impacted by the turmoil in America ââ¬â¢s mortgage market. The bank has a low deposit ration to loan failed to renew its short term financing and was forced to beg to the Bank of England for assistance. As soon as news broke, the customer quickly withdrew their savings, such panic situation which was not experienced in the United Kingdom since 1866. Salina and Peltonen (2013) describe that at the time of crises United Kingdom government need to inject billions into the industry, also the Bank of England funded many banks for keeping them in running and this bail out costs raised real concerns. Some lesson has been learned from Northern Rock incidents that the regulation of banks on liquidity along capital should be centralized, because Northern Rock faced reduction in the liquidity for securities mortgages rather than the inadequacy of capital. Financial crises and reactions of Regulatory Authorities The Economist (2012) explained that after 2007 to 2010 financial crises banking and finance market faced severe consequences specially on supervision and regulation aspects, the question was not only to build the public confidence again, which is also a very difficult in its but also the future evolution of the financial industry and banks at larger scale. Regulator and supervisors worked hard after crises and there was a lot of analysis has been conducted towards the causes and their solutions. Some of the measures have been taken by regulatory authorities which describes here one by one (i) Adjusting budgetary problems; failure of banks in many countries faced the common budgetary problems, there are many ways that can affect the real economy and budgets. (ii) Rebuilding the structure of responsibilities; in 1999, the G20 was established and made lots of contributions to shaping up international finance regulation. Biannual meeting was held in the early years, but greater frequency of meeting done in 2009 and 2010 due to the issuance of declarations and progress report. Multinational agency standards have been formalized and Finance Stability Board in 2009 formed with core responsibilities of coordination between national financial authorities and international standard setter. Bank of England (2014) in its news release reveals that The Prudential Regulation Authority (PRA) introduces a new (iii) accountability regime about insurance sector, PRA also consulted same regime for banking sector in July 2014. This regime will also take care and account of the need of new measures which relate to governance of individuals as a part of solvency. (iv) new international standards are coming into being both for regulatory activities for financial firms along with quantitative and qualitative approaches. Besides that there are many agreements done for betterment of the regulatory process, but it has also been clear that individual nations not waited for agreements on in ternational standards to regulate financial sectors. Financial Stability Board, (2010) issue a list of scope and scale of activities about reforms which is a) reforming compensations b) refurbish accounting standards c) strengthening supervisory and regulatory standards d) refining the regulatory perimeters. Brunnermeier et al. (2009) argue that (v) reforms in corporate governance were certainly needed to avoid futuristic failure of financial institutions and this was the main lesson to come out of the crises. (vi) Revision in remuneration structure also required as the mentioned structures of remuneration was very poor in financial institutions. The Financial Stability Board also produced some principles for solid compensation practices. (vii) Reforms in risk management practices also observed, as the failure of risk management systems is the most critical, unfortunately, it is shown in a lot of institutions like international banks specially. Johnson and Kwak (2010) speculate that the (viii) accounting reforms, accounting are a basic component of regulatory regime for example calculation of capital is cor dependent on reported, assessed values, one of the core areas of reforms is required in valuation and provisioning of accounting. One of the other lessons drawn from crises that is regarding (ix) risk identification and mitigation, actually authorities, in some views, are not good to identify or projecting the risk so capabilities to resolve these kind of issues need to be improved and financial policies need to follow proportionate principle. The bank should (x) act like a social contract, in the new regulatory paradigm, it is a major challenge that how bank again focuses on retail business, most banks are in the risk business about the turning liquid to liquid loans, while doing this job banks are badly failing in fulfilling their social contarct part and they need to build it up again. There should be (xi) new business models required as in the phase of crises no business model looked fixer of crises, the diversified banking model required in the scenario and that will help to secure the banking business as well as revenues and customers also. Salina and Peltonen (2013) posit the view that (xii) false sense of security is the core reason of financial disaster, describing further that capital provisions are important but only capital is not only sufficient to address the issue. It was also observed that (xiii) there is a need to redefine systemic risk, in current crises which reflects the unpredictable size of the losses and who will bear that losses. Loss distribution will come as battle in financial crises, bailing out also not a good practice and seems to be taking from one to give others. Regulatory Framework ââ¬â Suggestions Some overhauling required in regulatory framework facing worst financial disaster in Europe and the rest of the world also, reforms are required on regulatory framework internationally in general, and the United Kingdom in particular. Including reinforcing macro-prudential oversight, giving the strength in the overall resilience of banks and shadow banking (or unregulated sectors needs to be in regulation). (i) Optimistic about pricing the assets and risks, much precaution required to observe in risk taking secondly, there is need to be more awareness about regulated and non-regulated structures on information sharing. (ii) Cross border banking resolution required in national and international approaches. (iii) Far-reaching changes required for shaping and functioning of financial institutions with the high pitch of transparency in regard to the financial instruments (iv) In future crises may differ in nature like size, type and its cross border exposure so consolidation and coordina tion among banks should required on local and international level, one other thing should remain in mind that for the survival, some business models may disappear but some may strengthen their risk management. (v) Measures which could be taken in the middle of crises need to be more supportive rather to hide them, it must be planned whether mega project should remain in the market or there is no need of them, there should be some policies without exacerbating the present crises for the long term view of financial systems. (vi) Financial sector scrutiny perimeter need to be expanded to a wider range of better prevention of banking sector and other financial institution. (vii) Management needs to encourage incentives and discourage regulatory arbitrage. (viii) Need to adopt the concept of systematic risk factoring among funding and effects of leverage. (ix) Buffering between good times and bad time, which can help for liquidity norms of capital provisioning (x) Progress required to ta ckle the regulation and resolution of cross border institutions for legal hitches. (xi) Flexibility for central banks in providing liquidity, focus also required in the attention on credit and asset booms. Many central banks, especially in emerging markets facing capital outflows so the provision for extra liquidity may more complex regarding foreign exchange reserves and may work fuel to drain for this. (xii) Better crises responses and fiscal support required from national authorities regarding to increase the concern about credit risk and realization of losses there also needs a clear exit policy for withdrawing market or transit to new markets. (xiii) Market discipline must not ineffective for constraining risk taking other than the banking sector. Consolidation rules required more strict specially for entities and risks, particularly with off balance sheet activities.
Book Review of Jody Azzounis Tracking Reason Essay -- Azzouni
Jody Azzouni, Tracking Reason In many ways, Tracking Reason resembles Jody Azzouniââ¬â¢s previous book, Deflating Existential Consequence. The subject matter of each lies at the interface of metaphysics, logic, philosophy of mathematics, and philosophy of language. The style is both entertaining and clear. The positions argued for are so controversial as to sound almost insane. And yet the arguments provided are illuminating, and manage to make the positions seem almost like common sense. Both books are worth reading both for specialists and those interested in a clarifying (if idiosyncratic) take on these issues. In the previous book, Azzouni argued for a type of fictionalism about mathematics. But rather than following Hartry Field in denying the indispensability of mathematics, he simply argues that the indispensability of a form of discourse (and even the truth of existentially quantified sentences!) is not a sign of ontological commitment. This position helps motivate some of the positions in the current book, but I think it isnââ¬â¢t necessary. Tracking Reason advances several separate, but related positions in its three parts. However, for some reason the subtitle has them in the wrong order - Part I argues for a special deflationary account of truth (and deals at length with the semantics and regimentation of natural language); Part II argues that the role of mathematical proof is to ââ¬Å"indicateâ⬠a derivation in some mechanical deduction system; and Part III argues that these two positions are (despite appearances) compatible with a non-syntactic view of consequence as a type of truth-preservation. Parts I and II are relatively independent, and I think can profitably be read on their own. Part III depends mo... ...f semantics (topological and Kripke) that are sound and complete for S4 modal logic. The fact that we only know of one semantics for propositional logic has misled us into thinking that its models are more significant than they really are. As I mentioned earlier, this book is modular enough that it may be worth reading parts of this book independently of the whole thing. Although Azzouni says that much of the material of the nine chapters of this book derives from ten 3 papers (cited in the introduction to each of the three parts), they seem to have been edited and unified enough that a reader interested in just one topic may prefer to read the relevant Part (I or II) of this book rather than the separate papers that it is based on. But for anyone interested in the relationships between truth, proof, and consequence, I recommend reading the entire thing.
Saturday, August 3, 2019
Essay --
Criminal Justice Extra Credit Essay Nibedita Saha 16th Dec 2013 P100 ââ¬Å"The House I Live Inâ⬠By: Eugene Jarecki ââ¬Å"The House I Live Inâ⬠is a 2012 documentary film by Eugune Jarecki about Americaââ¬â¢s ongoing drug war, which caused chaos that influenced many parts of the society such as the racial ethnic groups, families, financial aspects, foreign immigrants, as well as politics. The United States of America and itsââ¬â¢ drug war results in it being the number one longest and most widespread drug abuser in the world. Being 5% of the worldââ¬â¢s population, the US prison holds about 25% of all prisoners. Women were arrested as the highest per capita rate in the nation. The biggest drug industry is within the US with 10-16 billion USD spent on illegal drugs spending. The aim is to get a drug free America, however with the highest number of prisoners being 2.3 million, it is evident that an increasing number of younger kids wish to get involved in this drug line and smuggle/sell/use drugs. This obviously results in a further build up of the war on drugs. This drug war started through propaganda, which is misleading information. It is explained that the entire game was about cops and survival, something like a good guys versus bad guys game. The law enforcement blames it on the community, calling it corrupt with no morality. Furthermore, they accuse laws of using drug laws to deteriorate the society. Why are African Americans chosen as the targeted group thatââ¬â¢s inordinately prosecuted? Is it due to racism or does this racial group really commit the most crimes in America? Most victims of this extensive drug war are young blacks, who are chased with a passion. An example would be Maurice, an African American who has been arrested for possession ... ... and so laws against cocaine were created in order to return the whites all their jobs. Punishments for crack cocaine, mostly used by blacks were much harsher than powder cocaine, used by whites. Moreover, politics has shaped this drug war profoundly. President Reaganââ¬â¢s wifeââ¬â¢s slogan ââ¬Å"just say noâ⬠impacted the drug war just like her husband who signed the mandatory minimum penalty. With numerous impacts from different areas of the community such as racial ethnic groups, families, financial aspects, foreign immigrants, and politics, the drug was is an ongoing epidemic that brings more negative influence to the society than positive. Many different methods are being used by the correctional services to prevent the drug wars from getting worse and to eventually put an end to it. This is being done for the benefit of our communities and hopefully it will be successful.
Friday, August 2, 2019
The Philosophy of Man
The Philosophy of Man ââ¬Å"What is man that You take thought of him, And the son of man that You care for him? â⬠(NASB1995) This verse is taken from Psalm 8:4, I cited this verse on the account of my wonder and curiosity on what really is man? I guess this question has already been brought up years ago by scribes, teachers, politicians, scientist and even philosophers. Even David, the man after Godââ¬â¢s own heart has also asked on what is on this man that even the God of universe is so fond of him. With all reasons, judgments, questions has been clashed, I have no better answer than other great philosophers.But let me try to expound my idea on this notion truthfully. There are many definitions of man. Some says that man is a rational animal. Others would say that man is a being and has a special place in the universe on the account of their abilities and level of reasoning. While others argued that one thing to observe that humans are but a tiny aspect of the universe and even of life on our own planet. Whatever their justifications may be, I hold unto this one truth that I believe in, Man is created in the image and likeness of God.Iââ¬â¢m not saying this because I am a Christian but because I have learned not to depend solely on the knowledge of this world but on the wisdom from God. By simply understanding that man is created in the image and likeness of God, then surely man has a great value. Therefore, every human being is bestowed with dignity and his sense of being. I believe that we are all equal here; sinners or saints, rich or poor are all given by dignity. Thus, one cannot say that I am better off with the others. Man is a spiritual being because of the spiritual acts that he does.This includes intellection and reasoning. Indeed, man is a rational animal. Man is formed as the highest creation since being rational, he can think more, he is free to choose and decide, he can explore, and he can do all things according to his goal that wil l lead him to happiness as wellà as to see the good. Moreover, by its uniqueness, soul isà the source of theà things of manà can do what other cannot do. Each one isà unique and thus each one can be distinguished by each soul that describe who you are. Taking up Philosophy of Man subject has been subject to my queries before.Why do we have to take up this when our field is on medical and nursing. It was later then that I realized that this course subject is vital because it gives us a thorough understanding on our patients especially the dignity of humans. Astounding as it was, I found this subject to be a challenging one because it harnessed the way we think and reason out. It taught us to examine ourselves, to look beyond one perspective and to dug deeper. Another essential attribute of man is his freewill. Freewill is the capacity to choose.If by the word ââ¬Å"freeâ⬠one means that people have the ability to make certain choices on their own free from compulsion, force, or coercion then the answer is ââ¬Å"yes. â⬠For example, people have the ability to choose to go to the store or stay home, to buy a newspaper or not, to eat beef or to eat fish, etc. such choices are within the natural capacity of human beings. People are free to act according to their nature. We humans are moved not by instinct but ideas. I think that this is one of the greatest attribute in man.We are not robots controlled by any manual operations or animals driven by instinct. Yes, we are creations but our creator never imposed on us but give us freewill. I have also pondered out that man is a seeker of happiness. We are all different but we also have something in common and that is our pursuit of happiness. We study hard, get a decent job, find a partner, start our own family, these are all means to gain happiness. Happiness, we all know, comes with the possession of some good; but where, or, in the possession of what good is perfect happiness to be found.However , thereââ¬â¢s one thing that Iââ¬â¢ve realized, no matter how happy we could be in this world, we would not be content because we are made for something eternal. To be loved is to be known and to be known is to be loved. Man is called to love and communion. I guess this is the basis of our morality everything which is governed by love. Man is not made to be alone. That is why Eve was created for Adam. I truly believed that there is no greater joy to love and be loved in return. Love enables a person to be good and self-giving which creates the good of persons and of communities.
Thursday, August 1, 2019
Women in india
Objectification of women in India ââ¬Å"You can tell the condition of a Nation by looking at the status of its Women. â⬠Jawaharlal Nehru, Leader of India's Independence movement, and India's first Prime Minister. According to a global poll conducted by Thomson Reuters, India is the ââ¬Å"fourth most dangerous countryâ⬠in the world for women and the worst country for women among the 620 countries. Today's India offers a lot of opportunities to women, with women having a voice in everyday life, the business world as well as in political life.Nevertheless India is still a male dominated society, where women are ften seen as subordinate and inferior to men. In Ancient India, scholars believe that in ancient India, women enjoyed equal status with men in all aspects of life. Works by ancient Indian grammarians such as PatanJali and Katyayana suggest that women were educated in the early Vedic period. Rigvedic verses suggest that women married at a mature age and were probably free to select their own husbands. So, what happened in the middle age/ Medieval Period of Indian civilization?Indian women's position in society further deteriorated during the medieval period, when Sati, child marriages and a ban on emarriage by widows became part of social life in some communities in India. India's Patriarchal Traditions Dowry Tradition: Much of the discrimination against women arises from India's dowry tradition, where the bride's family gives the groom's family money and/or gifts. Dowries were made illegal in India in 1961, however the law is almost impossible to enforce, and the practice persists for most marriages.Women as a Liability: The Indian constitution grants women equal rights to men, but strong patriarchal traditions persist in many different societal parts, with women's lives shaped by ustoms that are centuries old. Hence, in these strata daughters are often regarded as a liability, and conditioned to believe that they are inferior and subordinate to men, whereas sons might be idolized and celebrated. Discrimination against Women: It should be noted that in a vast country like India ââ¬â spanning 3. 9 million sq. km, where cultural backgrounds, religions and traditions vary widely ââ¬â the extend of discrimination against women also varies from one societal stratum to another and from state to state ââ¬â some areas in India being historically more inclined to gender bias than others. Present scenario Women are becoming unprotected day by day both at their homes and outside. The NCRB (National Crime Record Bureau) states in its report that every hour in India 18 women are raped.There has been recorded 700 per cent phenomenal increase in cases of rape from 1971 data's, whereas in other areas of crime against women this increase is 300 per cent. Evidently, this heinous crime against women reflects the taltering moral and mental state ot men in society . There nas been a marked increase in crimes against women in rece nt years. Every year around 6000 women are prey to dowry deaths. Bride burning is the major means of dowry death. Rural areas are witness to more violations of women's human rights. This is more concerning because more than 70 per cent of Indian population resides in the rural areas.In rural areas women are prey to molestation every 26th minute, rape every 34th minute, sexual abuse every 42nd minute, kidnapping every 43rd minute and dowry death every 93rd minute. While in the educated, urban middle class women's rights continue to improve, there remains a strong bias against gender equality in those societal parts of India, where patriarchal traditions prevail. Consequently, in these strata any inheritance of a deceased husband or father would be passed down to the oldest son, while his wife or daughters would not receive any financial benefit.There are laws in place to ensure legal protection for women's right to inheritance, but the enforcement of the law is challenging, when the woman is refused her right by the family, and when she is not confident or educated enough to claim her right. Bollywood The narratives of Hindi cinema have undoubtedly been male dominated and male centric. Themes have been explored from the male audience's point of view. The heroine is always secondary to the hero. Her role is charted out in context of any male character which is central to the script.It may be the hero, the villain, the father, the boss, an elderly male figure etc. She is devoid of any independent existence and her Journey throughout the film is explored in relation to the male character. This kind of straightjacketing limits the women's role to providing glamour, relief, respite and entertainment. For eg: Priyanka Chopraâ⬠s character in Agneepath (2012) is not of any significance to the story as such. It is only to give the audience a reak from the tedious scenes of violence and drama. She is there only as a romantic partner to Hrithik Roshan who is busy in avenging his father's brutal murder.Chronicling the maleâ⬠s experiences, dreams, stories, revenge, angst, ambitions etc has been the essence of Hindi films. In the action genre of films popularized by the likes of Akshay Kumar, Sunny Deol and Sunil Shetty; the heroine is abruptly placed in the romantic track as a distraction for the viewer from monotonous bouts of violence. It is unusual to witness a strong female character in an action movie even if she indulges in some fghts and punches. Where are the Charlie's Angels of Bollywood (2000) and where can we find a character that Angelina Jolie played in SALT (2010)?Bollywood has so far dished out such female characters that the audience has almost been tamed into accepting women in certain kinds of roles only. Conclusion It is difficult to come to a uniform conclusion on the portrayal of celluloid women. Considering the fact that women in India are not a homogenous group ââ¬â they belong to different religions, castes, class , and socio-economic status and have different kinds of ambitions and desires as a result of which they lead different lives, it is mproper to conclude that women on Indian silver screen have been portrayed in an identical manner.The portrayal ot course nas to be sensitive to the category to which they belong. For e. g. : An urban middle class woman's story would be entirely different from that of a woman in a village. Films thus have to be responsive towards the context in which they locate women characters. Women characters should possess agency to dismantle the existing power structures as well as be able to negotiate their own position within this structure. It is time that cinema seeks a redefinition of women as objects of male gaze. Women's experiences and dilemmas as points of narration are the need of the hour.Going beyond the stereotypes will do a great help to the cause of women in Indian society. Cinema has to create a separate and independent space for Indian women to he lp them realize their dreams. Cinema's only end is not to entertain. It must begin a quest for social change through entertainment. As a media product, identified to accelerate the process of modernity, cinema should not stick to the ?formula filmâ⬠6; it should come up with more progressive representations of women. Such portrayals would do Justice to women and their role in the society.
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