Financial Regulation Essay Example | Topics and Well Written Essays - 2500 words

Financial Regulation - Essay Example This essay is organized as follows. Section 2 discusses the origin of global financial crisis and its cases in general as well as in the case of UK in particular. Sections 3 and 4 discuss the different dimensions of financial regulation in UK and the reasons for their failure. Section 5 concludes the report. The financial crisis had its origin in USA with the sudden boom in housing prices creating high optimism among investors and lenders between 1990 to 2006.This resulted in the creation of many mortgages and finally as the hosing price boom came to an end in 2006, subprime1 defaults started rising. Since the households became unable to repay their debts, the leading financial institutions worldwide had to write off their investments since August 2007. This deteriorated their balance sheet positions, which ultimately resulted in a tightening of supply of credit to households and firms to finance their consumption. Thus, the financial crisis led to economic crisis which spreaded all over the world (Agarwal et al, 2008; Vyuev, 2008; Gwimmer and Sanders, 2008). Financial market regulation is mainly aimed at correcting market imperfection and ensuring allocative efficiency of resources (Giorgio et al, 2000). However, one major reason for financial crisis has been cited as the failure of regulatory system to cop up with the financial innovation that resulted in the crisis (Pan, 2009). The rising indebtedness of the US households and financial institutions during the years before the financial crisis increased their vulnerability to crisis. The complexity of highly sophisticated financial instruments like derivatives helped in spreading the financial crisis to countries all over the world. The inaccurate measurement of risk associated with the financial innovation also resulted in creating the financial crisis. The other main reasons for the financial crisis are identified in the literature as weakened lending practices,

tragoed Oedipus as the Ideal Tragic Hero of Oedipus the King (Oedipus

Oedipus as the Ideal Tragic Hero of Oedipus the King In the introduction to Sophocles' Oedipus the King, Sophocles defines a tragic hero as one who "[behaves] admirably as a man, [but who] is nevertheless tripped up by forces beyond his control and understanding..." (Sophocles 76).   In Oedipus the King, Oedipus is the tragic hero. The force that "trips up" the hero is fate, or, moira. It is Oedipus's actions that set the events into motion,   but it is ultimately his fate, and his attempted aversion to it, that brings about his downfall. This downfall, and elements such as plot, character, diction and spectacle (Aristotle 175), that cause Oedipus the King to be a tragedy. In order to describe Oedipus as a tragic hero, one must begin by describing a tragedy. A tragedy must consist of a variety of elements in order to truly fulfill its purpose. According to Aristotle, the most important element is plot (175). Without the events that unify all aspects, the story would not be held together. It is the actions of the tragic hero that lead to his downfall, and that define his characteristics and set into motion all other aspects of the work. In Oedipus the King, it is Oedipus's attempt to avoid his destiny, an overt act of hubris, that leads to his rise in power and ultimate fall. In this aspect, he completely fulfills the job of a tragic hero. Another aspect of a tragedy is character. These are the qualities that are imbued in each character in the story. There have to be admirable traits in the characters, or the readers would not care what happened to them. Some of these characteristics can include honor, bravery, and intelligence, as with Oedipus. If readers did not care, there would be no catharsis... ...hat it was his father whom he killed. He was also acting out of love for his parents when he tried to avoid his fate by leaving town. Due to these circumstances, it can be seen that Oedipus's punishment far exceeded the crime; but this is just one more reason   why he is a tragic hero. Bibliography Bloom, Harold, ed. Sophocles. Philadelphia: Chelsea House Publishers, 2003. 54-57. The Complete Plays of Sophocles. "Introduction." Ed. Moses Hadas. New York: Bantam Books, 1967. p.vii-xvi The Complete Plays of Sophocles. "Introduction to Oedipus the King." Ed. Moses Hadas. New York: Bantam Books, 1967. p.75-76 The Complete Plays of Sophocles. "Introduction." Ed. Moses Hadas. New York: Bantam Books, 1967. p.77-114 Aristotle. "Poetics". Aristotle's Theory of Poetry and Fine Art. Ed. Butcher, S.H. New York. Dover Publications, Inc. 1951.

Color Theory Essay

Wonder Woman hated men when she first set off to the world from her home, Themyscira, but later understood that she was wrong in her initial assessment of men because she simply didn’t understand men. In Deborah Tannen’s essay, â€Å"Sex, Lies, and Conversation†, the often misunderstood forms of communication between men and women are explored. Gloria Steinem, American feminist who is a nationally recognized leader of the women’s liberation movement in the 1960’s and 1970’s, who expressed how she felt Wonder Woman is an exemplary model of what a feminist is. I believe Steinem would agree with many of Tannen’s views because they are rational, based on research and her essay is meant to bring the two genders to better understand one another. Steinem and Tannen both have the same goal; they both strive to find peace between men and women. Tannen discusses extensively in her essay about how if you understand that both men and women are raised in separate cultures, American man culture and American woman culture. An example of this would be how women place intimacy as the foundation of relationships, and talking as the cornerstone of relationships. The bonds between men can be as intense as women’s relationships, but they are founded less on talk and more on the activities they experience together. Both forms of communication are used to build bonds between peers but do so in different ways, and that’s a pattern that follows both cultures throughout â€Å"Sex, Lies and Conversation†. I believe that Steinem would agree that to have peace between the two sexes, there must be some sort of understanding of how the two sexes communicate with one another. Through that understanding, women would live far bette r lives in a world that seems dominated by men. Throughout her essay, Deborah Tannen is clearly explaining that the problem between the sexes is that there is much mistranslation but that it is reparable and she even goes to state â€Å"Once the problem is understood,  improvement comes naturally†. Her essay is something Gloria Steinem would agree on and possibly even recommend to members of her various organizations to help improve their relationship with the world around them. Wonder Woman’s values like self-reliance, peacefulness and esteem for human life are all values that Steinem believes that feminists are trying to introduce into the mainstream. Although Steinem focuses heavily on improving the lives on women, I believe she does that because women are at a disadvantage in today’s society and she’s looking to help bring equality between the sexes. The gap that only a few years separated women from men in society having equal opportunities and rights is slowly disappearing and I think its in large part due to the efforts of people like both Steinem and Tannen. People who are looking to both understand that although men and women are different, they should to be allowed access to the same opportunities. Steinem’s efforts to empower women correlates with Tannen’s effort to bring to light the need of a cross-cultural understanding between men and women because in the end, they just want to see improvement in communication. It wouldn’t be much of a stretch to understand that Steinem would agree with Tannen’s attitude towards the failure of communication between the sexes. If people start to understand how to interpret how the two sexes communicate and educate themselves and others, The world would be a better place for everyone. Like Tannen says at the end of her essay, â€Å"like charity, successful cr oss-cultural communication should begin at home.†

Mary Shelley s A Vindication Of The Rights Of Women

The notion of what it means to be human is heavily addressed in Mary Shelley’s Frankenstein, as Victor Frankenstein, the eponymous character, produces a creature that resembles a human in both an internal and external sense. Despite the creature’s obvious human-like qualities, society rejects him continuously. To some extent, this blatant disregard resembles the difficulties that accompanied the feminist movement. Mary Shelley’s mother, Mary Wollstonecraft, wrote A Vindication of the Rights of Women, which is now recognized as one of the earliest feminist works. This work famously compared the plight of females to that of slavery, writing that women are bound to â€Å"slavish obedience† (Wollstonecraft 158). Wollstonecraft explains â€Å"it is vain to expect virtue from women till they are, in some degree, independent of men† (149). In other words, Wollstonecraft argues that women are only spiteful when they feel they are marginalized. Just like wom en in the eighteenth century, the creature in Frankenstein struggles to maintain his rights, as Victor constantly deems him inhuman. The creature displays human-like qualities through his abilities to communicate, understand emotion, and self-reflect. The aggression he shows throughout the novel is merely a consequence of his untimely abandonment by his creator. As indicated throughout the novel, humaneness does not lie in external appearances, but in an ability to feel compassion and have rational thoughts. The creature’s capacity toShow MoreRelatedAnalysis Of The Poem Deja Williams 2890 Words   |  12 PagesDeja Williams  †¢ Introduction ​Mary Wollstonecraft was born April 27, 1759, in London. She was the second child and eldest daughter of Elizabeth Dixon, who hailed from Ballyshannon, Ireland. Mary’s father, Edward John Wollstonecraft, was a handkerchief weaver. He decided to become a gentleman farmer after he got an inheritance from his father, a master weaver and residential real estate developer, but farming was a bust. The family moved seven times in ten years as their finances deteriorated. EdwardRead MoreSimilarities Between Mary Shelley And Mary Wollstonecraft1785 Words   |  8 PagesThe differences and similarities in the life of Mary Shelley and Mary Wollstonecraft in their roles as feminist According to Greenblatt, in early English history, women were restricted in doing so many things that men were free to do. Women were provided with limited education and provided with a rigid code of sexual behavior especially after marriage. During this period, (the Romantic period) women were strictly distinguished from their male counterparts and were given strict roles such as childRead MoreMary Shelley s The Rights Of Woman2944 Words   |  12 Pagesthey said or what they stated in their writing like Mary Wollstonecraft and her daughter Mary Shelley. Mary Wollstonecraft s Vindication was the first of many replies. It is an interesting and rhetorically powerful work in its own right as well as a necessary introduction to the Vindication of the Rights of Woman. Mary Shelley wrote prolifically, most noticeably the plays Midas and Proserpine, the novel Matilda, and Valperga, a historical novel. Mary tudor might have been conceived done SpitalfieldsRead MoreAnalysis Of Mary Shelley s Frankenstein 1527 Words   |  7 PagesShelley s narrative is seen to symbolize romantic fears, offering a tale of certain demise, one that gives technology negative connotations in the form of the creature whom is represented as an outcast of society. To emphasise this, the sublime settings in the text, provide a space where the marginalised can be heard, however, for in contrast to the power of beauty which works to contain and maintain social distinctions, the sublime in Frankenstein opens the way for the excluded to challenge theRead MoreFeminism : Mary Wollstonecraft1734 Words   |  7 Pagesmore and more women in positions of power. However, feminism has changed and evolved since the first writers expressed their wish for more women’s rights, as do all movements. â€Å"It is time to †¦ restore to them their lost dignity—and make them, as a part of the human species, labour by reforming themselves to reform the world,† wrote Mary Wollstonecraft in her Vindication in the Rights of Women (Wollstonecraft 49). Mary Wollstonecraft, the mother of the feminist movement wanted women to be able toRead MoreFrankenstein, By Mary Shelley1292 Words   |  6 Pagescore ideals of the novel play with the way society views the female sex. Female traces in Frankenstein uncover Mary Shelley’s views of struggles with femininity and sexuality that she perceives from society. The creature of Frankenstein altered into a monster because of the absence of a motherhood role in his life. The transformation that makes the creature a â€Å"monster† is how Shelley aims to point out the significance of the female role. Frankenstein acts as an analysis of the fears and anxietiesRead MoreFeminine Influence Of Mary Shelley s Frankenstein1629 Words   |  7 Pagesperspectives found in Mary Shelley’s, Frankenstein, â€Å"the private virtues inculcated in the home by the domestic affections cannot arm men against the public sphere unless they emulate these feminine and domestic qualities† (Smith, 314). Even though the women in Frankenstein were not the main characters of her book, Shelley does indeed show throughout her novel that women play an important role in the shaping of men and their defining characteristics, and this leads to the belief that women were more influentialRead MoreAnalysis Of Mary Shelley s Frankenstein Essay1296 Words   |  6 Pages When I first began reading Frankenstein by Mary Shelley I had a vastly different idea of how the book would play out. Going into the story I expected it to be more of a science fiction tale of Dr. Victor Frankenstein and the Monster that we have seen so much of in the last century of film. Within the first half of the book, I was rather perplexed by the fact that the Monster really didn’t play an integral part of the story. I wasn’t prepared for what ended up being a tale of Victor’s life and hisRead MoreTeenagers Are Irresponsible, Emotional, Narcissistic And Ungrateful1370 Words   |  6 Pagesthe western world just wouldn’t be able to handle. Therefore, teenagers, given the opportunity and just the right circumstances, can make a difference, they can be given large responsibilities and hold to them. It’s all about upbringing and the situation at hand. Raised in part by a wildly conservative stepmother in a time when women having an education in and of itself was taboo, Mary Shelley is a prime example of a young adult that overcame challenges to do something so extraordinary that it stillRead More Virginia Woolfs A Room of Ones Own Essay1793 Words   |  8 PagesVirginia Woolfs A Room of Ones Own Missing works cited In A Room of Ones Own, Virginia Woolf ponders the plight of women throughout history. Woolf reads the lives of women and concludes that if a woman were to have written she would have had to overcome enormous circumstances (Woolf xi). Woolfs initial thesis is that a woman must have money and a room of her own if she is to write fiction (Woolf 4). Throughout the book, however, she develops other important conditions for artistic