The Ironic Title of Judith Guests Ordinary People :: Judith Guest Ordinary People Essays

The Ironic Title of Ordinary People The significance of the title "Ordinary People" is that it is ironic because there are not ordinary people in the book. It does not correspond with the novel itself. As defined in Webster's Dictionary, ordinary means usual, common, or normal. To most people, this is what they think they are. However, in the book being unordinary is common for most of the characters. The author of this book, Judith Guest, probably titled this book "Ordinary People" to make readers ask themselves, "What is ordinary? Am I ordinary?" The title describes the book as being ordinary when the characters are really unusual. For example, most teenagers do not try to commit suicide. However, in this book, Conrad Jarett tries to kill himself. He attempts suicide because he is depressed about his older brother's death. He lost his brother in a boating accident and he blames himself for his death. He believes that he could have prevented the accident by coming in from the sea when the waters began to get rough. However, there was nothing that Conrad could have done to prevent the boat from capsizing. His attempt to commit suicide is one of the things that makes him unordinary from normal teenagers. In the real world, many teenagers attempt suicide. But, this is not ordinary. It is unusual for a teenager to attempt or commit suicide. Society does not look at this sort of behavior as ordinary. If a teenager does attempt suicide, they are usually seeking attention and looking for pity. As a result of these actions, they are seen as having some sort of mental incapacity and are treated for it. Therefore, this is not ordinary and Conrad was not either. Another character in this book who is not ordinary is Beth Jarett, Conrad's mother. Conrad feels as if she does not love him. She hardly talks to him. She also treats him as if he does not belong in the family, like a stranger. For example, in one part of the book, Conrad bends over to hug his mother and she just sits there and does not hug him back. In another part, his father wants to take a picture of Conrad and his mother

Education and Mark Twain Tags

â€Å"Live as if you were to die tomorrow. Learn as if you were to live forever. †Ã‚   ? Mahatma Gandhi tags:  carpe-diem,  education,  inspirational,  learning 38,294 people liked it like â€Å"I have never let my schooling interfere with my education. †Ã‚   ? Mark Twain tags:  education 11,482 people liked it like â€Å"You can never be overdressed or overeducated. † ?  Oscar Wilde tags:  education,  fashion 6,803 people liked it like â€Å"You educate a man; you educate a man. You educate a woman; you educate a generation. †Ã‚   ? Brigham Young tags:  education,  feminism,  men,  women 3,833 people liked it like â€Å"The world is a book and those who do not travel read only one page.    ? Augustine of Hippo tags:  allegory,  books,  broad-mindedness,  classic,  education,  imagery,  travel,  world 3,650 people liked it like â€Å"Education is the most powerful weapon which you can use to change the world. â⠂¬ Ã‚   ? Nelson Mandela tags:  change,  education 2,344 people liked it like â€Å"Whatever the cost of our libraries, the price is cheap compared to that of an ignorant nation. †Ã‚   ? Walter Cronkite tags:  education,  ignorance,  intelligence,  libraries 2,006 people liked it like â€Å"Education is the ability to listen to almost anything without losing your temper or your self-confidence.    ? Robert Frost tags:  education 1,846 people liked it like â€Å"When you know better you do better. † ?  Maya Angelou tags:  education,  intelligence,  knowledge,  wisdom 1,709 people liked it like â€Å"The past has no power over the present moment. † ?  Eckhart Tolle tags:  education,  inspirational,  life,  philosophy,  truth,  wisdom 1,564 people liked it like â€Å"Education: the path from cocky ignorance to miserable uncertainty. †Ã‚   ? Mark Twain tags:  education 1,267 people liked it like â€Å"Intelligence plus character-that is the goal of true education. †Ã‚   ? Martin Luther King, Jr. tags:  education ,160 people liked it like â€Å"The task of the modern educator is not to cut down jungles, but to irrigate deserts. †Ã‚   ? C. S. Lewis tags:  education 1,111 people liked it like â€Å"The best thing for being sad,† replied Merlin, beginning to puff and blow, â€Å"is to learn something. That's the only thing that never fails. You may grow old and trembling in your anatomies, you may lie awake at night listening to the disorder of your veins, you may miss your only love, you may see the world about you devastated by evil lunatics, or know your honour trampled in the sewers of baser minds.There is only one thing for it then — to learn. Learn why the world wags and what wags it. That is the only thing which the mind can never exhaust, never alienate, never be tortured by, never fear or distrust, and never dream of regretting. Learning is the only thing for you. Look what a lot of things there are to learn. †Ã‚   ? T. H. White,  The Once and Future King tags:  curiosity,  depression,  education,  learning,  teaching 1,045 people liked it like â€Å"If you want to get laid, go to college. If you want an education, go to the library. †Ã‚   ? Frank Zappa tags:  education,  sex 1,013 people liked it ike â€Å"Give a girl an education and introduce her properly into the world, and ten to one but she has the means of settling well, without further expense to anybody. †Ã‚   ? Jane Austen tags:  education,  women 980 people liked it like â€Å"Education without values, as useful as it is, seems rather to make man a more clever devil. †Ã‚   ? C. S. Lewis tags:  character-development,  education,  ethics 834 people liked it like â€Å"Eragon looked back at him, confused. â€Å"I don't understand. † â€Å"Of course you don't,† said Brom impatiently. â€Å"That's why I'm teac hing you and not the other way around. †Ã‚   ?Christopher Paolini,  Eragon tags:  education,  humor 828 people liked it like â€Å"I am not a teacher, but an awakener. † ?  Robert Frost tags:  carpe-diem,  education,  inspirational,  learning,  mentoring 819 people liked it like â€Å"In real life, I assure you, there is no such thing as algebra. †Ã‚   ? Fran Lebowitz tags:  algebra,  education,  humor,  mathematics 775 people liked it like â€Å"[Kids] don't remember what you try to teach them. They remember what you are. †Ã‚   ? Jim Henson,  It's Not Easy Being Green: And Other Things to Consider tags:  childhood,  education,  learning,  teaching 773 people liked it like Ideally, what should be said to every child, repeatedly, throughout his or her school life is something like this: ‘You are in the process of being indoctrinated. We have not yet evolved a system of education that is not a system of indoctrinatio n. We are sorry, but it is the best we can do. What you are being taught here is an amalgam of current prejudice and the choices of this particular culture. The slightest look at history will show how impermanent these must be. You are being taught by people who have been able to accommodate themselves to a regime of thought laid down by their predecessors.It is a self-perpetuating system. Those of you who are more robust and individual than others will be encouraged to leave and find ways of educating yourself — educating your own judgements. Those that stay must remember, always, and all the time, that they are being moulded and patterned to fit into the narrow and particular needs of this particular society. †Ã‚   ? Doris Lessing,  The Golden Notebook tags:  conformity,  education,  feminism,  knowledge-power,  quip,  school 740 people liked it like â€Å"Study without desire spoils the memory, and it retains nothing that it takes in. †Ã‚   ? Leo nardo da Vinci ags:  education,  schooling,  university 734 people liked it like â€Å"Prejudices, it is well known, are most difficult to eradicate from the heart whose soil has never been loosened or fertilised by education: they grow there, firm as weeds among stones. †Ã‚   ? Charlotte Bronte,  Jane Eyre tags:  education,  prejudice 700 people liked it like â€Å"The mind is not a vessel to be filled, but a fire to be kindled. †Ã‚   ? Plutarch tags:  curiosity,  education,  mentoring,  mind,  thinking 669 people liked it like â€Å"Without education, we are in a horrible and deadly danger of taking educated people seriously. †Ã‚   ? G. K.Chesterton tags:  education,  ignorance,  indoctrination 667 people liked it like â€Å"Often, it’s not about becoming a new person, but becoming the person you were meant to be, and already are, but don’t know how to be. †Ã‚   ? Heath L. Buckmaster,  Box of Hair: A Fairy Tal e tags:  education,  growth,  life,  self-acceptance,  self-realization 664 people liked it like â€Å"You know, sometimes kids get bad grades in school because the class moves too slow for them. Einstein got D's in school. Well guess what, I get F's!!! †Ã‚   ? Bill Watterson tags:  calvin-and-hobbes,  comic,  education,  funny,  school 662 people liked it like The educated differ from the uneducated as much as the living differ from the dead. †Ã‚   ? Aristotle tags:  education 625 people liked it like â€Å"Try not to have a good time†¦ this is supposed to be educational. †Ã‚   ? Charles M. Schulz tags:  education,  humor 589 people liked it like * Home * Authors * Topics * Quote of the Day * Pictures * Top of Form Bottom of Form Authors:  A  B  C  D  E  F  G  H  I  J  K  L  M  N  O  P  Q  R  S  T  U  V  W  X  Y  Z ————————â €”———————- Education Quotes * Grid  List * * Prev * 1 * 2 * 3 * 4 * .. * 40 * Next * Share220309 Education is the most powerful weapon which you can use to change the world.Nelson Mandela Change,  Powerful,  Weapon It is the mark of an educated mind to be able to entertain a thought without accepting it. Aristotle Mind,  Without,  Thought A liberal education is at the heart of a civil society, and at the heart of a liberal education is the act of teaching. A. Bartlett Giamatti Society,  Heart,  Act An education isn't how much you have committed to memory, or even how much you know. It's being able to differentiate between what you know and what you don't. Anatole France Between,  Able,  Memory My mother said I must always be intolerant of ignorance but understanding of lliteracy. That some people, unable to go to school, were more educated and more intelligent than college professors. Maya Angelou Mother,  Scho ol,  Ignorance Education is an admirable thing, but it is well to remember from time to time that nothing that is worth knowing can be taught. Oscar Wilde Time,  Nothing,  Remember Ads by Google Church Online Tired of your life? Find hope at Church Online westside-family. churchonline. org Education is the ability to listen to almost anything without losing your temper or your self-confidence. Robert Frost Without,  Anything,  LosingEducation is not the filling of a pail, but the lighting of a fire. William Butler Yeats Fire,  Lighting,  Filling Develop a passion for learning. If you do, you will never cease to grow. Anthony J. D'Angelo Learning,  Passion,  Grow An investment in knowledge pays the best interest. Benjamin Franklin Knowledge,  Best,  Interest In the first place, God made idiots. That was for practice. Then he made school boards. Mark Twain God,  School,  Made The roots of education are bitter, but the fruit is sweet. Aristotle Sweet,  Bitte r,  Roots Education is the key to unlock the golden door of freedom.George Washington Carver Freedom,  Door,  Key Education is not preparation for life; education is life itself. John Dewey Life,  Itself The only person who is educated is the one who has learned how to learn and change. Carl Rogers Change,  Person,  Learned Education is the best friend. An educated person is respected everywhere. Education beats the beauty and the youth. Chanakya Beauty,  Best,  Friend He who opens a school door, closes a prison. Victor Hugo School,  Door,  Prison I spent three days a week for 10 years educating myself in the public library, and it's better than college.People should educate themselves – you can get a complete education for no money. At the end of 10 years, I had read every book in the library and I'd written a thousand stories. Ray Bradbury Money,  Myself,  End Education is a progressive discovery of our own ignorance. Will Durant Ignorance,  Discov ery The only thing that interferes with my learning is my education. Albert Einstein Learning,  Interferes It is a thousand times better to have common sense without education than to have education without common sense. Robert Green Ingersoll Better,  Without,  SenseA human being is not attaining his full heights until he is educated. Horace Mann Human,  Until,  Full Education is a better safeguard of liberty than a standing army. Edward Everett Better,  Liberty,  Army No one has yet realized the wealth of sympathy, the kindness and generosity hidden in the soul of a child. The effort of every true education should be to unlock that treasure. Emma Goldman Sympathy,  Kindness,  True An educated person is one who has learned that information almost always turns out to be at best incomplete and very often false, misleading, fictitious, mendacious – just dead wrong.Russell Baker Best,  Person,  Learned —————— Ã¢â‚¬â€Ã¢â‚¬â€Ã¢â‚¬â€Ã¢â‚¬â€Ã¢â‚¬â€Ã¢â‚¬â€Ã¢â‚¬â€Ã¢â‚¬â€Ã¢â‚¬â€- Share with your Friends Share Everyone likes a good quote – don't forget to share. ————————————————- Popular Authors Abraham Lincoln Albert Einstein Buddha C. S. Lewis Dalai Lama Eleanor Roosevelt Helen Keller John F. Kennedy Khalil Gibran Marilyn Monroe Mark Twain Martin Luther King, Jr. Maya Angelou Mother Teresa Oscar Wilde Ronald Reagan Socrates Thomas Jefferson William Shakespeare Winston Churchill More authors * Grid  List * * Prev * 1 * 2 * 3 * 4 .. * 40 * Next ————————————————- Popular Topics Love Quotes Life Quotes Friendship Quotes Motivational Quotes Inspirational Quotes Success Quotes Funny Quotes Wisdom Quotes More topics —————â€⠀Ã¢â‚¬â€Ã¢â‚¬â€Ã¢â‚¬â€Ã¢â‚¬â€Ã¢â‚¬â€Ã¢â‚¬â€Ã¢â‚¬â€Ã¢â‚¬â€Ã¢â‚¬â€Ã¢â‚¬â€- Get Social with BrainyQuote BrainyQuote Desktop BrainyQuote Mobile ————————————————- Site Home Quote of the Day Topics Authors Pictures Professions Birthdays ————————————————- Social BQ on Facebook BQ on Twitter BQ on Pinterest BQ on Google+ ———————————————— Syndication Quote Feed Art Quote Feed Funny Quote Feed Love Quote Feed Nature Quote Feed ————————————————- About Us Our Story Inquire Advertise Submit Privacy Terms AdChoices Copyright © 2001 – 201 3 BrainyQuote ®          BookRags Media Network ————————————————- Sharing Successful! Share again! You've successfully shared using Po. st! Welcome to po. st! Powered by Po. stPrivacy Read more at  http://www. brainyquote. com/quotes/topics/topic_education. html#z1aYzpTLODgGBg7Q. 99

Federal Funding With Stem Cell Research - 706 Words

Stem cell research is extremely prevalent in today’s society, and on the other hand controversial. When thinking of stem cell research many questions, and challenges arise from it. Some problems that arise from the topic of stem cell research involves, religious beliefs, personal, and ethical beliefs. In the next few paragraphs the facts of stem cell research will be mentioned, and questions will be answered with factual evidence. When the topic of stem cell research, and/ or treatment, people generally automatically jump to the conclusion of embryonic stem cells, when in retrospect according to Eurostemcell.org, an organization based website that is dedicated to supplying the public with the latest news and information on stem cells. According to the article there a few different types of stem cells. The first type of stem cell is, embryonic. Embryonic stem cells are grown in a laboratory from embryos cells at an early stage. The second type of stem cell is tissue stem cells . Tissue stem cells are found in all different parts of the body. Lastly the third type of stem cell is, Induced pluripotent stem cell (iPS), or reprogrammed stem cells. IPSC are similar to embryonic stem cells but they are from adult specialized cells. Stem cell therapies are not new to the public. Hospitals have been doing bone marrow stem cell transplants for medical treatments. When scientists in 1998 found out they could remove stem cells from human embryos, some people liked the newlyShow MoreRelatedFederal Funding for Stem Cell Research2053 Words   |  8 PagesFederal Funding for Stem Cell Research Stem cells have become a subject of much interest and debate in politics, the scientific and religious communities of the United States of America and the world over. So what exactly is a stem cell? Well basically they are cells in the human body that exist in a sort of neutral state. They are the blank canvasses of the cellular world. 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Stems cells are immature cells found in embryos that can develop into any kind of specialized cells. They can form virtually any cell of the human body. These types of stem cells are known as pluripotent cells. Multipotent cells are stem cells that are more mature; they can be found in adults and children. Multipotent cells are not as flexible as pluripotent cells, as they have already developed into more specialized human cells. Benefits of StemRead MoreMorality And Money : Stem Cell Research990 Words   |  4 PagesMoney: Stem Cell Research In 2001, with 22 human embryonic stem cell lines established, President George W. Bush signed legislation which prevented new, additional stem cell lines from being created and tightened restrictions on federal stem cell research funding. This legislation effectively constrained human embryonic stem cell research until 2009, when President Barack Obama reversed Bush’s legislation and relaxed the funding criteria. 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The Effects of Roosevelts Worst Mistake - 890 Words

One of Roosevelt’s [most fatal] mistakes occurred before he was even inaugurated into office. His mistake was the fact that he didn’t listen to Herbert Hoover’s advice. Between Roosevelt’s election in 1932 and his inauguration on March 4, 1933, Hoover sent Roosevelt letters and scheduled meetings to tell him what he thought about Roosevelt’s New Deal plan. Herbert Hoover believed that the origins of the Depression were international, while Roosevelt believed they were local. For this reason the New Deal focused primarily on domestic reforms. Hoover believed that international affairs should take precedence, and he didn’t hesitate to tell FDR this. He suggested a return to gold-based currency and to balance the budget. Franklin D. Roosevelt ignored all of Hoover’s suggestions and started implementing his New Deal policies as soon as he entered office. Roosevelt was not blind to the effects the international crisis had on the Unites States, but he didn’t want to restrict his freedom as president by committing himself to others’ ideas to fix it either. His first priority was to address the problems in the United States, and as a result his first term in office resulted in very few successes in fixing the problems abroad. [] Roosevelt’s New Deal had many flaws. One of these was the Silver Purchase Act of 1934. This Act was actually signed on April 5, 1933, but other laws had prevented it from getting passed at the time. The Act authorized the president to nationalizeShow MoreRelatedFranklin Roosevelt (FDR) Essay1224 Words   |  5 Pageswould be okay. nbsp;nbsp;nbsp;nbsp;nbsp;One of Hoover’s big mistakes was the acts that he passed in â€Å"attempt† to help the U.S. Herbert Hoover is known as a president who allowed the United States to continue to slide into its worst depression ever. Though Hoover did take some action, it was too little, too late. Hoover did intervene after the Stock Market crash, but the acts passed by Congress and signed by Hoover were the worst kind of interventions. They worsened the problem. The most infamousRead MoreEssay on The Features of the New Deal2660 Words   |  11 PagesThe Features of the New Deal Roosevelt was elected in 1932 after the former president Hoover. Roosevelts New Deal was a group of different projects to pull America out of the Depression, and back into the economic boom of the 1920s. The New Deal consisted of direct government action which followed Rooselvelts campaign based on fireside chats, the establishment of alphabet agencies and the pursuit of new social and economic programmes, which were the complete oppositeRead MoreEffects Of The Great Depression On Society1905 Words   |  8 Pagesthe longest-lasting economic downfall in America’s history. 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The effects of the Depression were felt around the world in the social, global, political, and economic, lives of nations and individuals; some of the social and global impacts include; Between 1929 and 1933, the quantity of goods and services produced in theRead MoreDust Bowl : The Southern Plains1782 Words   |  8 Pagesto sell, and that profitability of that product depended on pushing the land as far as it could go.† (Worster, p.57) To fully illuminate the problems at hand, he uses Cimarron County in the Oklahoma panhandle, and Haskell County, Kansas some of the worst hit areas in the Dust Bowl. They shared many similarities in farming technique, such as land division, speculative planting, and overspecialization of a single product, and also their disillusionment about the end of the drought. To make matters worseRead MoreThe Sources of Kennan’s Conduct: George F. Kennan as a Shaper of U.S. Foreign Policy 2029 Words   |  9 Pagesthe war’s victors. Two co nsiderations were of particularly acute importance to those charged with forging the peace. First, the Allies could not make the same mistake they had made over two decades earlier at the Paris Peace Conference. In light of this consideration, it was clear that fears of post-war isolationism gripped President Roosevelt’s Administration: â€Å"With remarkable unanimity, the men around President Roosevelt†¦shared the belief that the economic policies followed by the major trading nationsRead MoreThe Great Depression of 1929 vs. the Great Recession of 20082799 Words   |  12 Pagesstruggles and triumphs. The many great leaders of this country have foraged, failed, and overcome some very difficult times. Comparing the Great Depression of 1929 and the Great Recession of 2008 has revealed similarities that by learning from our mistakes in 1929 could have prevented the latest recession. I will discuss the causes of the Great Depression and the Great Recession, and what polic ies were implemented to reverse the economic downfalls. The Great Depression of 1929 is said to have manyRead MoreThe Great Depression Of America3487 Words   |  14 PagesOctober 1929, until 1930 when the United States went through the great depression. The great depression was a time where people lost nearly everything, from houses and farms, to families and children. People were starving and left out in the cold. The worst part about this was that once people lost their belongings, they were gone forever. In the 1900’s there weren’t many programs to help the public such as health insurance, welfare programs, or unemployment. All the money that individuals had saved throughoutRead MoreElectronic Media vs Print (Thesis Paper)13276 Words   |  54 PagesGoing Global: The World Wide Web†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.†¦...†¦24 Section 2: Electronic Media versus Print†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..26 Electronic Media’s Impact on Society†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦...†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦26 Society Embrace Electronic Media†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦...†¦Ã¢â‚¬ ¦.26 Negative Effects of Electronic Media†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦....30 Attitudes Towards Electronic and Print Media†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦32 Newspapers: Top Dog to Under Dog†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦37 Origins of Newspapers†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..†¦37 Personal Journalism: When Newspapers ShapedRead MoreAmerican Slang Essay 115481 Words   |  62 Pagesfelt to be somewhat formal. After a while it loosens up and the language becomes less formal. The effects are certainly noticeable if the formality of the language changes without there being a corresponding change in the formality of the situation. In the sociolinguistic literature this has been called a metaphorical shift. It can occur for a number of reasons and have many different effects. Suppose, for example, that you have worked for an employer for about half a year and you have talked

Searching For Identity And Personality - 996 Words

Searching for Identity and personality Howard W. Hunter former precedent for the american church society said â€Å"The greatest search of our time is the search for personal identity and for human dignity.†(Brough.m 1995). The search for identity is a key search for one to find an idol that can become a role to lead the lifestyle of himself or herself. Identity is to understand and define one self; developing a concept of the purpose of our existence(onecountry.org).Their is a relationship between your identity and personality, whenever, a person released his or hers identity what he or she stands for it will be reflected on their personality. What gives us our identity? why we engage with others in specific way? This are questions that confront us as we lead our lives every day. personality is complex it changes throughout life time from the time of infancy to adulthood(griffen.p et al). 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Conrads Obsession with Voice in Conrads Heart of Essay Example For Students

Conrads Obsession with Voice in Conrads Heart of Essay Darkness Heart Darkness essaysConrads Obsession with Voice in Heart of Darkness For the moment that was the dominant thought. There was a sense of extreme disappointment, as though I had found out I had been striving after something altogether without a substance. I couldnt have been more disgusted if I had travelled all the way for the sole purpose of talking to Mr. Kurtz. Talking with . . . I flung one shoe overboard, and became aware that that was exactly what I had been looking forward toa talk with Mr. Kurtz. I made the strange discovery that I had never imagined him as doing, you know, but as discoursing. Marlow in Conrads Heart of Darkness The above quotation suggests what has been noted frequently in recent years as damning evidence of the literary racism in Conrads Heart of Darkness. We will write a custom essay on Conrads Obsession with Voice in Conrads Heart of specifically for you for only $16.38 $13.9/page Order now That is, like his character Marlow, Conrad seems more interested in discourse than in its effects; more eager to write a story about story-telling than to consider directly the ugly realities of a brutal imperial regime contained (and deferred as unfathomable mysteries) in the story being told. Rather, readers are invited here and elsewhere to consider a series of clever doublings and treblings in the telling itself: the story told by the outside narrator (I) is quickly overtaken by the voice of Marlow, who at times gives over his voice to the Russian sailor and finally to Kurtz, who is himself described from beginning to end as pure voice. Each of these shifts draws us further into Conrads novella, and certainly these voices seem in some sense to carry us deeper and deeper into Africa, but in the end we find we have never leftand never been asked to leavethe deck of the Nellie, which sits waiting idly for the tide to turn. (Now theres a metaphor). Yet even as our attention is drawn to a series of narrative voices forecasting, echoing and reflecting one another in a coherent formal pattern of nested narrative frames, we must remember that there are other voices hereless coherent perhaps, but identifiable: the mournful cry from the jungle in the fog, the broken English of the natives on Marlows steamer, the voices of drums in the distance. It is difficult, of course, to integrate these voices with the various narrators, but in the very difficulty formal-minded critics may have in making them cohere in an overall pattern of narrative doublings, they should suggest to us a larger frame of reference to consider of which they are a part, and it is in this larger frame of reference where we find not only voices other than European, but also signs of those more-than-speaking acts of brutality from which Conrads formal obsessions with story-telling seem to divert our eyes. To illustrate this point in the quotation with which we began, lets reduce for a moment Marlow/Conrads obsession with voice in the novel as a whole to Marlows speaking voice in this series of sentences. A thought here is dominant (not an action), and that thought (of disappointment and disgust) is one that also leads away from ideas of action (rescuing Kurtz?) to ideas of talk. Even so, what triggers Marlows desire to talk (and not to act) is both one of the few acts in this passage (featuring mostly verbs of being and becoming)throwing overboard a shoean act which is itself the sign of the more brutal act which precedes it: a native speared through the chest filling that shoe with blood shed ultimately as a direct result of the Companys incursions upriver. Significantly, the murdered African is thrown overboard (and forgotten) like the shoe as Marlow moves ahead upriver and into his story, yet even as we continue the thought Marlow has momentarily left for an act, the reader is left to read in the momentary but unmistakeable breakdown of both Marlows story and the syntax of the superior stylist Conrads sentence a recognition of all that is missing here.

Role of International Financial Institutions in 2008 Financial Crisis

Introduction Late towards 2007, the earliest effects of 2008 financial meltdown were already being felt at some sectors of economy in several countries, notably in Europe and America. The financial crisis that would later become apparent throughout the year 2008 did not only catch the world unaware but would later turn out to be the worst in recent times.Advertising We will write a custom essay sample on Role of International Financial Institutions in 2008 Financial Crisis specifically for you for only $16.05 $11/page Learn More The 2008 credit crunch did not only result to worldwide financial crisis but also caused slowed economic growth of the world’s largest and leading economy that eventually triggered the global recession that started as early as 2006 (Hines, 2008). In fact, the global credit crisis that is just ebbing away has its roots in United States banking system and more specifically as a result of lending towards mortgage housing and credit lending in general as we shall get to see in the following chapters. In 2005 the United States housing industry flourished and reached its peak in terms of value and business bustle, by then the banking industry had aligned their lending funds towards this end as a result of the positive and sustained growth in the housing industry. This is the point from which we shall trace the major root causes of the 2008 financial crisis; this paper intends to show that the current regulatory standards instituted by various financial institutions internationally largely contributed to the 2008 financial crisis. Even more disappointing is the fact that the financial regulatory standards that were in place were unable to anticipate and therefore avert the ramifications of the financial crisis before it happened as should have been the case. Background to the Financial Crisis In order to understand how the financial crisis came about it is important to review the factors that culminated to the widespread credit crunch that finally caused the 2008 financial crisis. By reviewing these factors it will be possible to identify specific financial regulatory standards that can be directly attributed to the crisis.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More But first let us briefly define what the term financial crisis implies in this context, which incidentally is our first indication that the recent financial crisis was largely a function of the failings of the international financial institutions policies. Credit crisis is a term that has been coined to describe the situation whereby accessibility of loans or credit finance becomes limited due to their unavailability. It is a trend that results to financial institutions reducing the amount of loans that they can disburse to clients irrespective of increased interest rates that they can charge on such loans (Pattanaik, 2009). In these circumstances, prerequisite conditions that are necessary before the loan can be disbursed are therefore reviewed and made stricter in order to limit the amount of credit finances that can be disbursed (Graham, 2008). Credit crisis is said to occur when the relationship between interest rates and credit loans being disbursed are heavily skewed, or when there is a general reduction of loans available in spite of increased demands (Pattanaik, 2009). Ideally the relationship between interest rates and availability of financial credit is such that increased interest rate in the market means that financial institutions are willing to increase lending in order to increase profits. Thus, because financial institutions are regulated by internationally accepted financial standards, their failure is therefore a reflection of these international financial regulatory standards. In a journal article by Acharya et al that sought to investigate the causes of 2008 financial crisis, it dire ctly attributed the crisis to have been triggered by the housing market collapse which occurred as early as 2006 (Acharya, Philippon, Richardson and Roubini, 2009). It is during this period that two prominent financial players in the housing market collapsed; the Ownit Mortgage Solutions Company and New Century Financial in what should have signaled to the policymakers that housing market was crumbling (Acharya et al, 2008). But instead no body realized this and the financial situation continued to aggravate further.Advertising We will write a custom essay sample on Role of International Financial Institutions in 2008 Financial Crisis specifically for you for only $16.05 $11/page Learn More By the time in what is now referred as housing bubble busted most banking institutions have invested significant amounts in the housing industry that had accumulated over time in a sort of loose credit lending. The aftermath was increased mortgage payment defaults an d foreclosures on existing loan repayment that was taking place on large scale. The steps that led to increased forfeiture of loans by lenders can be analyzed in the following steps. The first step was the induced easy loan terms and reduced interest rates by the banks tailored for housing finance (Hines, 2008). These incentives nudged borrowers to take up substantial mortgages with prospects of future renegotiation on mortgage terms and rate with hope of easier rates. In addition due to growth boom in the housing industry borrowers easily took up mortgage loans as an investment option with intention of selling the properties at higher values at a later time and this kept on happening (Hyoung-kyu, 2007). As we shall later discuss in this paper, this should not have happened with strong financial regulatory standards in place. Underlying all this was the fact that more housing constructions were taking place as investments funds that financed housing sector flowed from every other se ctor of the economy. By the time the housing bubble eventually busted many players had invested substantial amount of money in the industry that could not be written off easily without encountering huge losses that would lead to bankruptcy. This is because the housing value plummeted at a rate that had not been foreseen. The bank reacted immediately by increasing mortgage interest rates and phasing of earlier easy mortgage packages, additional lending on mortgage was tightened and all forms of lending in general almost halted (Acharya et al, 2009).Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More The borrowers on the other end moved to dispose-off housing properties and salvage finances that could still be obtained from the mortgages, thereby triggering drop in house values. In the resulting scenario many borrowers choose to forfeit their mortgage to the banks rather than sell the houses in a collapsed market since it would have eventually cost them additional funds to settle the difference (Hines, 2008). The other option of financing the full cost of the mortgage was now complicated by increased interest rates, and so now the credit crunch nightmare had began. In fact, housing industry is not the only sector that hoodwinked consumers to apply for large chunks of loans; it was the same case in automobile industry and in credit cards. Increased availability of liquid cash from foreign reserves had prompted the financial sector to invent financial packages such as Mortgage-backed securities (MBS) and others like Collateralized-Debt Obligations (CDO) (Rose and Spiegel, 2010). B oth of these are forms of funds that allowed investors to finance the housing industry and gain financial returns through banking institutions. The consequences of housing industry collapse was therefore greatly felt by the banking institutions that had advanced loans in all the three sectors that were hardest hit, these sectors were the first to announce financial losses (Rose and Spiegel, 2010). It is from such financial reckless practices as this that exposed further the financial institutions to the shocks of financial crises similar to the one experienced at the time. Thus even at this point we get to see how lack of financial regulatory oversight failed and thereby directly contributed to the financial crisis itself, which is a factor that would become even more apparent as we discuss the major factors that caused the financial crisis itself. Major Factors Attributed to Financial Crisis To understand how the international financial regulation policies might have contributed to the financial crisis, let us discuss the major factors that significantly contributed to the financial crisis and investigate the failure of financial regulatory oversight for each of them. Credit crisis is a phenomenon that can be triggered by any of the various factors in the financial sector or combination of several such factors. There are mainly five reasons that directly affect financial institutions loans and which in extension can trigger a credit crisis assuming they happen all at once. One of the reasons is anticipated fall in value of collateral assets that are used by creditors to obtain loans from banks (Graham, 2008). In this case the financial institutions become reluctant and unwilling to give out loans that are secured by such assets where all indications points to their market values plummeting. Other reasons could be sudden exogenous adjustment in regulation by central bank that touches on lending requirements by banks or which elevates reserve requirements (Grah am, 2008). In both these two circumstances, Basel I and Basel II guidelines have been specifically developed to address this challenges by setting levels at which financial institutions should maintain their Capital Adequacy Ratio (CAR) and Capital to Risk Assets Ratio (CRAR) (Claessens, 2008). Capital Adequacy is a financial term that is used to define the regulatory guidelines that requires financial institutions such as banks to reserve certain percentage of their Primary Capital Base that is consistent with the institutions lending (Basel.org, 2000). A bank must ensure that its capital base assets are at a minimum of 8 percent of its assets; the rule of thumb that applies is lending of $12 for each single dollar of the bank’s capital (Scott, 2005). The purpose of calculating capital adequacy is to ensure that a bank is not exposed to financial risks that are caused by the lending policy of the institution. These regulations were developed by the Basel Committee on Banking Supervision which redefined the international Capital Adequacy standards on 2004 that are now used to regulate financial institutions all over the world (Rasmusen, 1988). As we can therefore infer from the happenings of the 2008 financial crisis, most banks were not adhering to these standards as set out by Basel II guidelines. The central bank might also trigger credit crunch through regulations that intend to tightly control financial institutions lending. In such instances the banks usually respond by enacting measures that prevent their loss or transfer their operating risks to the creditors usually through increased interest rates of loans or reduction in lending. However these factors alone cannot by their own trigger credit crunch, more often credit crisis is caused by an array of factors that combine together over a long duration of time. The hallmarks of a credit crunch usually include extensive sustained losses by lenders caused by sloppy and hasty lending policies over g iven period of time as was the case in 2008. Sometimes it is due to plummeting of collateral assets that were used to secure loans which substantially lose value overnight as it also happened to the United States housing industry. When this happens the bank sustains huge losses caused by loss in value of the assets. The implications that follow are two parts: the bank has no adequate loan reserve that they can continue to disburse to future consumers, and two despite the availability of loans the banks becomes timid and cautious towards future lending (Hyoung-kyu, 2007). The next phase of credit crisis is limited lending and inaccessibility of the loans by consumers and lack of funds in general that virtually affect every other sector of the economy triggering what is then referred as economic recession (Hines, 2008). This therefore are the major factors that are likely to cause a financial crisis, some of which as we have seen were attributed to the 2008 financial crisis. However t he effect of a credit crisis last for sometime only depending on the extent of loans that were disbursed by the banking industry, and the extent in which the losses can be absorbed assuming the banks affected were not much. In the following section we are going to analyzed in detail the specific financial regulatory policies that were flaunted by the financial institutions culminating to the 2008 financial crisis. Failure of Financial Regulatory Standards The Bank of International Settlements (BIS) is an international financial institution body based in Switzerland that serves two important functions; develops and promotes financial policies and provides banking services. IMF on the other hand has the mandate to regulate global financial systems notably in two major areas that include balance of payments and stabilizing exchange rates. For this reasons BIS is better placed to influence the outcome of financial crisis since it is the institution that is mandated with the responsibili ty of developing various monetary policies. In fact BIS has very specific mandate to set and regulate one of the policies that is at the centre of the financial crisis i.e. CAR as we have so discussed. As a result it is the major sponsor of both Basel I and Base II financial regulations which are crucial in regulating safe lending as we shall get to see shortly The shortcomings of Basel financial frameworks have been apparent for as long as the first guidelines were instituted. Despite the many advantages that Basel guidelines were promoting, they also had inherent advantages. When Basel I accord was implemented its focus was on setting the minimum possible capital levels for financial institutions and also ensuring that banks embraced low value assets as collateral. The flip side of this rationale was an increased risk to financial institutions brought about by incomplete analysis of the dynamic market parameters. As a result numerous changes were required to be made on basel I fra meworks which culminated with development of basel II accord. One such amendment was in 1996 for market risk that saw the CAR expanded to incorporate the risks associated with other financial market force. However even then Basel I accord had still other inherent limitations (Basel 2000). The Capital Adequacy calculation for instance did not provide an accurate and reliable financial guideline for determination of CAR (Basel 2000). Another disadvantage under Basel I accord was the tendency of the banks to undertake regulatory capital arbitrage which enabled them to manipulate their core capitals in order to reflect favorable capital assets that made them compliant, lastly the accord did not offer ideal risk mitigations approaches to banks (Basel 2000). Hence Basel II was born in 2004 to address these shortcomings and incorporate other challenges that banks were facing in the financial sector. Throughout this period we can see how the BIS sponsored financial policies was wrecking hav oc and promoting a culture of dubious financial dealings that financial institutions kept even after these guidelines were overhauled. The new Capital Adequacy calculation is guided by three core principles that are referred as pillars: market discipline, operational capital requirement, and supervisory review (Basel 2000). Pillar number one pertains to regulatory capital of three critical risks that a bank encounters during it routine financial operations: market risk, credit risk and operational risk. For each of this risk the accord provides various calculation techniques that set the desired level of accuracy such as standardized approach, foundation Internal Rating-Based (IRB) approach and advanced IRB for calculating credit risk (Basel 2000). The underlying working definition of capital categorizes banks equity into two groups: tier I capital and tier II capital. Tier I Capital is defined as the actual equity inclusive of retained earnings while Tier II Capital is the subordin ated debt in addition to the preferred shares (Basel 2000). Tier I capital are financial institutions assets that can absorb financial losses of a bank during trading without necessitating the bank to enter into bankruptcy. Tier II capital are the other type of assets that are reserved primarily to absorb losses of large magnitude during the event of bankruptcy. It is this categorization of financial institutions capital that has provided a loophole for banks to circumvent and thereby lend more than they should ideally be allowed through invention of concepts such as financialization. For instance capital adequacy ratio is calculated by dividing the bank primary capital by the sum of the bank’s assets (Basel 2006). The core capital is a sum of both Tier I and II capital while assets in this case refers to the weighted assets or the minimum requirements as set by the banking regulator, such a ratio should not exceed the Basel accord threshold level that is set equal to or less than 8%. The CAR is further adjusted to calculate the three other subcomponents of the capital adequacy namely: standardized approach, basic indicator approach and advanced measurement approach that offer varying degree of accuracy (Basel 2006). For this purpose the approach used in calculating risk weighting requires the bank to categorize the nature of the assets into two: fund based assets and non-funded assets (Basel 2006). Fund based assets usually include bank investments, loans and liquid cash at its disposal, while non-funded assets include items in the Off-Balance sheet that are first taken through a series of conversions in order to ascertain their true value. Despite these elaborate calculations it is still possible for a bank to obtain a positive ratio if factors that affect market risk are not considered. What we know for a fact is that somehow just before the 2008 financial crisis; most financial institutions have been flaunting or circumventing basel II accords en ma sse up to the time of the crisis. One of the recent advanced theories in economic studies that attempts to explain the cause of the 2008 financial crisis has been advanced by Foster and Magdoff. Foster and Magdoff theory attributes the 2008 financial crisis to the broader factors of monopoly finance capitalism which is a function of a phenomenon that they refer as stagnation that is characteristic of all mature capitalist systems (Foster and Magdoff, 2008). Foster and Magdoff describe mature capitalist system as â€Å"stagnant† because of its monopolistic nature that is caused by few corporations that dominates and control most of the available capital flow (Fostor and Magdoff, 2008). When this happens as it has been taking place since the 1980s less capital becomes available for investment in economic sectors that are most in need while the real capital becomes restricted and unavailable, this outcome is what Foster and Magdoff also attributed to the occurrence of financiali zation. The implication of this unbalanced excessive capital availability in particular sectors only creates demands for investment opportunities that offer high returns and this is where the evils of monopoly-finance capital begin. Hence, from a more general perspective based on Foster and Magdoff theory monopolistic finance capitalism which are a function of international financial policies are to blame for the 2008 financial crisis. More specifically let us see how financial policies notably in United States which was the epicenter of the financial crisis systematically led to the 2008 credit crunch. One was the housing market boom and bubble that was characterized by low mortgage interest rates, increased availability of funds that pooled borrowers to taking unnecessary and inflated mortgages (Gjerstad and Vernon, 2009). Borrowers and investors in the process saved less and substantial funds were channeled to this sector, by the time the housing market was collapsing more than $ 10 trillion dollars was approximately held in the industry. The upshot was more than 50% of home owners that had negative equity or houses that just equaled their mortgage values which could not be sold due to house surplus in the market and cheap going prices (Gjerstad and Vernon, 2009). This was a major lax of the various financial oversight bodies that had the mandate to foresee and prevent such a ballooning financial effect that was taking place in the housing sector all this time. It is for this reason that the 2008 European head of States seminar resolved to have â€Å"An early warning system must be established to identify upstream increases in risks† (Rose and Spiegel, 2010). Perhaps one of the most blatant disregard to financial policies that took place at this time was by the financial institutions in their rush to make a killing from the booming housing market. In fact the financial institutions are to blame for the amount of mortgages that borrowers had obtained t hat were purely for speculative purposes and therefore for investment only, which is not actually a bad thing unless there are no policies to regulate such a widespread speculative investment. By 2006 the number of mortgage and houses that had been secured as investment options were approximately 40% of all the total houses in the market (Gjerstad and Vernon, 2009). This was the main factor that greatly contributed to the housing surplus that made their price falls. Another cause was the securitization, a term that is used to describe a practice where bank can transfer the value of the mortgage to their investors and therefore continue to obtain further funds for lending to borrowers (Gjerstad and Vernon, 2009). Ideally banks are supposed to hold on the mortgage as security until they are paid in full or forfeited; these way additional funds cannot be secured until such time when any of the two outcomes occur. But of course the banks in their rush to lend and make profit out of the interest disregarded this policy. So as it turned out securitization system allowed banks to continue pumping funds to an already saturated sector while hoodwinking investors to believe housing industry to be thriving by transferring mortgage agreements to them. In the process the banks were able to ease the lending terms and lower rates due to availability of funds in a bid to disperse as much funds as possible and therefore make profits. In fact, lending conditions to borrowers were even questionable verging on illegal practices, figures released by Federal Reserve indicates that 47% of borrowers did not make any down payment of the mortgages as required by law (Gjerstad and Vernon, 2009). Over time borrowers were not required to provide evidence of income nor employment as is usually the tradition, instead banks focus was on credit score which depended mainly on the amount that a borrower had in the bank beside other factors. The problem was that the system used to calculate cred it ratings was flawed in the first place and ended up misguiding investors on the value of borrower assets. Currently, the inflated credit ratings that were given to Mortgage-Based Securities (MBS) by credit rating agencies are now under investigations since their high ratings allowed transfer of MBS to investors who later ended up holding less valuable MBS than they initially paid for them (Gjerstad and Vernon, 2009). The government too was to blame for some of its policies which were clearly self defeating; this was because of the government policy that had been put in place mortgage policies which had the vision of promoting home ownership among Americans across the boards through legislations such as Alternative Mortgage Transaction Parity Act (Hines 2008). As far as 1995 the government had started issuing tax rebate to all persons with mortgage. This and other government policies that also failed to control use of adjustable-rate mortgages which do not favor borrower in the lon g run resulted in fueling a housing boom that was already getting out of control under the very noses of financial policy makers. Thus, as we can see the inability of the government to intervene and enforce existing financial regulatory standards during the whole process also contributed to the financial crisis. While the US was dishing out numerous and unsecured mortgage loans to its citizens, Britain was also experiencing increased lending of loans to finance home but not at the unprecedented rates as witnessed in United States. For the rest of the world the global recession was hardly caused by mortgages but by collapse of industries that relied on investor funds that had now been retracted by timid investors and by international companies that were affiliated to US companies that had collapsed in the process (Saltmarsh, 2008). For many businesses the problem was the lack of funds to sustain daily business operations due to the credit crunch emanating from United States. Most thi rd world countries financial institutions are tied up with foreign international financial firms though they always function independently. These local financial institutions therefore adopted strict loan disbursement policies in the wake of the subprime crisis. Without access to regular funds that medium and small businesses have always relied on, most of the businesses had to close down thereby causing unemployment. As a result the most affected businesses in developing countries were the ones exporting goods to developed countries in America and Europe. Most of the businesses exporting commodities were the agriculture sectors, mining, and oil industry. Countries that predominantly relied on agriculture earnings through exports were required to export less due to fall in demand or suspended their exports all together. In the tourism sector the trend was the same with less people unwilling to spend in holidays. Overall the foreign reserves of many countries which are almost always in form of dollar shrunk affecting virtually every other sector of the economy (Saltmarsh 2008). The result was world economies hampered by lack of products market and liquidity funds to sustain growth. As the financial crisis reached its peak in 2009 many countries sprung to action with measures to halt and reverse the economic recession phenomenon by injecting billions of funds. The United Stated was the first to undertake an assortment of measures contained in the economic stimulus package that was signed into law by President Obama (Grabel and Weaver, 2009). The stimulus plan included $787 billion that aimed at reinstating and creating more jobs that were lost during the recession in addition to stimulating the economic activity and consumers spending (Grabel and Weaver 2009). But without restructuring the financial policies that originally contributed to the 2008 financial crisis, the world economies has been recovering at a slower rate than should have been the case. Conclusio n As one gets to analyze the facts that caused the financial crisis the extent of the housing market speculation is notable and significant whereby all the actors in the economy from consumers to bankers continued to pump more funds in housing industry as investment options. For this to have happened the weakness is seen to have been the breakdown of the international financial regulatory policies as we have so far discussed. Indeed, the failure of the international regulatory institutions to intervene and provide an oversight mandate is seen to be the critical factor that led to the occurrence of the financial crisis. At present policy makers continue to investigate and implement measures in order to avert a similar financial crisis from occurring in future and ensure it does not occur unnoticed as it happened in 2008. Meanwhile world governments remain apprehensive as the last impacts of global recession continues to recede without clear indications of what exactly needs to be don e in order to insulate economies from what appears to be the failings of international institutions of financial regulations. References Acharya, V., Philippon,T., Richardson, M Roubini, N. (2009). The Financial Crisis of 2007-2009: Causes and Remedies. Financial Markets, Institutions Instruments, 18(2): 89-137. Basel.org, (2000). A New Capital Adequacy Framework. Consultative Paper Issued by the Basel Committee on Banking Supervision. Web. Claessens, S. (2008). The Political Economy of Basle II: The Costs for Poor Countries. The World Economy, 31(3): 313-344. Claessens, S. Dell’Ariccia, G. (2010). 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