The United States Of America free essay sample

The USA is perhaps the biggest state known to man. It is arranged in the cardinal bit of the North American mainland. The nation of the USA is more than 9,000,000 square kilometers. It is washed by the Pacific Ocean and by the Atlantic Ocean. The most northern part of the USA is Alaska, the biggest region, isolated from the rest of the state by Canada. The number of inhabitants in the United States is around 250 million individuals, the greater part of the individuals live in towns. People groups of various nationalities live in the USA, The authority phonetic correspondence of the state is English. The capital of the state is Washington. It was named to pay tribute to the principal President, George Washington. As the USA is a major express, the clime is distinctive in various parts. For outline, the Pacific beach is a piece of gentle winters and warm, dry summers, yet the eastern Continental part is watered with precipitation. We will compose a custom article test on The United States Of America or on the other hand any comparable point explicitly for you Don't WasteYour Time Recruit WRITER Just 13.90/page The part around the Great Lakes has impermanent conditions. There are numerous mountains in the USA. For delineation, the most noteworthy extremums of the Cordillera in the USA are 6,193 and 4,418 meters. The main stream of the state is the - Mississippi. However, there are numerous other incredible waterways in the USA: the Colorado in the South and the Columbia in the north West. There are five Great Lakes between the USA and Canada. The USA delivers more than 52 for every penny of the universe s maize, wheat, cotton baccy. There are numerous enormous metropoliss in the state. They are Washington ( the capital of the state ) , New York ( the city of differences, monetary and concern Center of the USA ) , Boston ( there are numerous schools and colleges in it ) , Chicago ( one of the greatest modern metropoliss in the USA ) , San Francisco, Los Angeles, Philadelphia, Detroit ( perhaps the greatest focal point of the vehicle business ) . The USA has an Academy of Sciences. There are numerous logical foundations, historical centers, libraries, theaters and other intriguing topographic focuses with regards to the state. The USA is a very evolved mechanical state. The USA is plentiful in mineral assets, for example, aluminum, salt, Zn, Cus, and others. The state is wealthy in coal, petroleum gas, gold and Ag, too much. It holds one of the main topographic focuses known to man for the creation of coal, Fe, oil, gaseous petrol. Such businesses as machine-building, transport building are amazingly evolved in the state. American agribusiness delivers a clump of supplement stocks: grain, organic product, veggies. The USA is a government majority rule government, abiding of 50 regions. Every one of these regions has its ain specialists. Congress is the American Parliament which comprises of two Chambers. The president is the caput of the area and the specialists. He is chosen for four mature ages.

Nz Essays Free Essays

As indicated by Nietzsche, Socrates was the root for slave ethical quality. He makes reference to that Socrates is appalling and this is the explanation it entered the world. Socrates was angry and envious of everybody and all that he sees around him in light of the fact that he’s appalling. We will compose a custom paper test on Nz Essays or on the other hand any comparable point just for you Request Now The Ancient Greeks thought being monstrous was an indication that you had something incorrectly within or in the spirit. Nietzsche says that one picks arguments just whenever he has no other possibility, about Socrates. 24. At the point when Nietzsche says our contemplations, activities, profound quality and awareness re pep-amazing, he implies that our cognizance, Will, and Reason don't cause anything. Rather, oblivious things cause them. For instance, H2O is Hydrogen joined with oxygen. Hydrogen and oxygen are both combustible when alone, however when consolidated make something that extinguishes fire. It makes another property when assembled. The impact is wetness. Water is cognizant and the hydrogen and oxygen are oblivious. We focus on the outcome, not what causes it to up. For Nietzsche, our activities and moralities get from our oblivious kind realities similarly wetness gets from hydrogen and oxygen. Step by step instructions to refer to Nz Essays, Essays

Judaism - Meaning of life Essay Example for Free

Judaism Meaning of life Essay The importance of life is a philosophical inquiry concerning the noteworthiness of life or presence by and large. It can likewise be communicated in various structures, for example, Why are we here? , What is life about? , and What is the reason for presence? It has been the subject of much philosophical, logical, and religious theory from the beginning of time. There have been an enormous number of proposed answers to these inquiries from various social and ideological foundations. The significance of life is in the philosophical and strict originations of presence, social ties, cognizance, and bliss, and outskirts on numerous different issues, for example, emblematic importance, philosophy, esteem, reason, morals, great and underhanded, choice, the presence of one or various Gods, originations of God, the spirit, and existence in the wake of death. Logical commitments center essentially around portraying related experimental realities about the universe, investigating the unique circumstance and parameters concerning the how of life. Science additionally contemplates and can give proposals to the quest for prosperity and a related origination of ethical quality. Another option, humanistic methodology offers the conversation starter What is an amazing significance? The estimation of the inquiry relating to the reason forever may concur with the accomplishment of extreme reality, or a sentiment of unity, or even a sentiment of holiness. oversees the universe. Closeness with the God of Israel is through investigation of His Torah, and adherence to its mitzvot (divine laws). In customary Judaism, God built up a unique contract with a people, the individuals of Israel, at Mount Sinai, giving the Jewish decrees. Torah involves the composed Pentateuch and the deciphered oral convention, further created through the ages. The Jewish individuals are expected as a realm of ministers and a sacred nation[69] and a light to the Nations, affecting different people groups to keep their own religio-moral Seven Laws of Noah. The messianic time is viewed as the flawlessness of this double way to God. Jewish observances include moral and custom, confirmed and prohibative orders. Current Jewish groups vary over the nature, pertinence and accentuations of mitzvot. Jewish way of thinking stresses that God isn't influenced or profited, however the individual and society advantage by gravitating toward to God. The realist Maimonides sees the moral and custom heavenly edicts as a fundamental, yet lacking groundwork for philosophical comprehension of God, with its affection and stunningness. [70] Among crucial qualities in the Torah are quest for equity, empathy, harmony, generosity, difficult work, success, quietude, and instruction. [71][72] The world to come,[73] arranged in the present, hoists man to an everlasting association with God. [74] Simeon the Righteous says, the world stands on three things: on Torah, on love, and on demonstrations of adoring graciousness. The petition book relates, favored is our God who made us for his respect and planted inside us everlasting life. Of this specific circumstance, the Talmud states, everything that God does is for the acceptable, including languishing. The Jewish otherworldly Kabbalah gives complimentary recondite implications of life. Just as Judaism furnishing an inalienable relationship with God (individual belief in higher powers), in Kabbalah the otherworldly and physical creation is an incomprehensible indication of the intrinsic parts of Gods Being (panentheism), identified with the Shekhinah (Divine ladylike). Jewish recognition joins the sephirot (Divine traits) on high, reestablishing amicability to creation. In Lurianic Kabbalah, the significance of life is the messianic correction of the broke flashes of Gods persona, ousted in physical presence (the Kelipot shells), through the activities of Jewish recognition. [75] Through this, in Hasidic Judaism a definitive fundamental want of God is the disclosure of the Omnipresent Divine substance through materiality, accomplished by man from inside his restricted physical domain, when the body will offer life to the spirit. Zoroastrianism is the religion and reasoning named after its prophet Zoroaster, which is accepted to have affected the convictions of Judaism and its relative religions. [77] Zoroastrians have confidence in a universe made by a supernatural God, Ahura Mazda, to whom all love is at last coordinated. Ahura Mazdas creation is asha, truth and request, and it is in struggle with its direct opposite, druj, lie and turmoil. (See additionally Zoroastrian eschatology). Since humankind has through and through freedom, individuals must be liable for their ethical decisions. By utilizing through and through freedom, individuals must play a functioning job in the general clash, with great considerations, great words and great deeds to guarantee satisfaction and to keep mayhem under control.

Phantom essays

Ghost expositions From the second I strolled into the Broadway, and gazed toward the mammoth crystal fixture hanging in the room, I realized this would be something else. I have never been to a play or drama previously, so this would have another experience for me. This was the day I saw my first Broadway appear, Phantom of the Opera. The show was to begin at 8PM; anyway we were to meet in school at 6:30PM, and obviously the transport ran late. In any case, we were still in time for the play. The Phantom of the Opera is set in the late 1800s in Paris France. As, the shades opened, I had an inclination that I was truly there. As the play began, I became hopelessly enamored with the characters. As Christine and Raouls sentiment turned out to be increasingly clear, I turned out to be progressively energized. Their story was lovely, in each meaning of the word. However simultaneously, I couldnt help yet feel awful for the Phantom. He really cherished Christine. I think what truly made this play so exceptional is the way that it included the crowd. At different occasions in the play, it feels like we are in the crowd of that drama house, particularly toward the finish of the main demonstration when the light fixture fell. I was astonished on how that was finished. Afterward, when the police were searching for the Phantom, he appears to show up everywhere throughout the theater, and his voice coming toward each path. The music was likewise mind blowing and intriguing. The entire show talked reality of the Phantom, reality of the affection among Christine and Raoul, and reality of the contention between them. I should state, this show was completely astounding and stupendous. It very much done and was an extraordinary show. The sentiment and strife between the characters were so captivating and genuine, that it made it a reality. I certainly suggest this show. ... <!

ZOMG CPW!

ZOMG CPW! Here is what I bought at Shaws (the local grocery store) last night: 7 cartons of ice cream* 3 jars of fudge 3 jars of caramel 3 cans of whipped cream 2 jars of sprinkles 2 jars of cherries 3 boxes of brownie mix 3 boxes of cake batter 3 tubs of icing 4 decorating gels 4 packages of cookie dough 1 bag of MMs 2 boxes of graham crackers* *3 gallons of ice cream, 36 chocolate bars, and 3 bags of marshmallows have already been purchased, if you see where Im going herethese items will all be consumed at the Burton Conner Ice Cream Event today. Check your CPW booklet for details. ;-) I was really hungry. Such is a day in the life of a dorm REX chair- as one of two people responsible for organizing all of Burton Conners dorm events during CPW, Ive also got 600 hamburgers, 300 hot dogs, 40 dozen bagels, and over 300 pieces of fruit coming my way. But I have to say, last nights trip to Shaws was my absolute favorite. You just cant top the experience of spending that much money on ice cream toppings. Right now Ive got to run off for my second 8.03 (Vibrations and Waves) exam of the term, but once thats over its officially the weekend for me and I will be running around the dorm like a maniac, dishing out free food, giving tours, and playing games. CPW rocks. Hard. Other CPW notes! Stop by BC and say hi! Ill be here all weekend, like for serious, and Id love to meet you guys. =) Ill also be at the Reg Desk from 6-8 tonight. And at the Meet the Bloggers Party tomorrow. Be there or be square. Also, if youre in Atlanta right now, you probably dont have a chance to read this anyway, but just in case- stop by and say hi to Team 97! Theyre sad at missing out on CPW, so theyre bringing CPW to FIRST. Ask them questions about MIT. Im totally serious, itll make their day. OMG! CPW is finally here. Im psyched, you should be psyched, come have fun with us! (If this entry is utterly incoherent, I blame lack of sleep.)

A Review Of The Movie Lets Make Money Finance Essay - Free Essay Example

Synopsis The movie we worked on is Lets make money which was made in 2008. The movie analyses the various financial markets in various part of the world especially the developing countries. The movie setting cut across from Asia to Europe. At the beginning, the director films how an Mark Mobius, executive chairman of Templeton Asset Company maintains his office in Singapore as foreign companies pay low taxes (sometimes even no tax) which is how Singapore attracts investors to set up their companies here for talent pool in Singapore and developed infrastructure. Various emerging markets problems that were caused by their financial markets were mentioned. The movie shows how the African suffers from the commodity price volatility changes to the Africa commodity market. The Africans cried in movie claiming that they are relatively poor even if they had worked hard to sell the cotton to the America. The land that produces the cotton is also depleting resulting in the decrease of cotton volume a nd lesser productions to sell. The result is due to the continuously of harvesting throughout the years in Africa for cotton. India facing other problems such as low earnings to support their living as their government does not put the social welfare in concern as compare to investors. The taxes they collected are given to the investors as grants. Liberalisation and privatization by the US were further elaborated by the several economists, including Hermann Scheer, member of German Bundestag. Several crises such as the crisis back in 1970 that the Washington has faced and the recent Spanish property bubble were explained by the financial analysts which the US have done to overcome the crisis where they do not have enough gold and created the market into a dollar market. The Spanish property bubble began as the share price of the dominant property firm, Astroc fell, causing many firms failure as well. Many vacant properties were built as capital investment though it plunged in 2008 a nd no regulation has been reprimand which several consequences of the property bubble were mentioned. We also can get to know the scary truth from Mr. John Perkins who is a former economic hit man further explains why the World Bank had arrange loans for the developing country and behind this transaction; there is a main purpose which is hides behind. He claims that he had helped US companies to obtain natural resources relatively cheap from the World Bank. World Bank will choose projects that benefit a few rich and powerful people in the country so that they will agree to the deal but not necessary benefit the general population. And when the population is unable to repay the loan, the World Bank will get them to agree to deliver their natural resources to repay their loans. This method usually works, but there are also world leaders do not want to accept huge loans such as Omar Torrijos of Panama which the US will use force to make them accept the deal by sending in assassins and troops. The 3 verbatim would be the best time to buy is when theres blood on the street and I add to that saying even if its your own because usually theres war, revolution, political problems, economic problems, prices of stock goes down and those people at bought at the bottom had made a lot of money., The bank and our money is already a part of the cycle of the global money market. Increasing profits, sinking wages and Profits for a few individuals, Losses for everybody There are plenty of moral lesson to be learnt from this movie since it shows us quite a number of problems that have been caused from the financial market. We came to realise that people or even countries should never be exploited for the profit of certain individuals or even other countries. We learn the morale lesson that borrowing of money would makes one poorer but careful investment could makes one wealthy. We also learn that the purpose of the financial market is not to make us wealthy but it is to mak e us wiser. We will rate the movie 7/10 because the movie shows the realistic of globalisation and the people affected by it. In our daily life, we are unaware of the impact that financial markets have induce into our social welfare. From this movie, investors and economists open up to us about the social welfare of certain countries that have been greatly affected by various markets and investment and it also explain to us how certain markets in various countries work as different countries have different operating style. Reason why we did not give 10/10 is because there are certain scenes in the movie that we are very uncertain in believing it and several things are not clearly explain and at the same time, certain portions of the explanation are not easy to be understand by general people as they used lots of business terms that some terms can only be understand by people who work in the business industries or financial market. Asian Dollar Market First the movie takes p lace in Singapore, and then move on to India financial markets, then to USA and many other countries. Now we will look at Singapore as an Asian Dollar market in the report. Singapore is successful in attracting foreign investors because Singapore government promotes the Asian Dollar market as a favourable geographic location time zone which also allows Singapore to trade with Hong Kong, Tokyo and etc. With Singapore high degree of political, economic and social stability and a sophisticated and sound banking system made Singapore an international financial market. In 1970, Singapore government made a bold decision by introducing the market. Regulations were made in 1972, ACUs were free from obligation of the statutory liquidity requirements and 10% tax rate was granted on their income and obtained by a concession. And in 1983, all Asian Currency Unit (ACU) income derived from the syndicated offshore loans were exempted from tax and tax concessions were offered to attract professi onal fund managers to base their operations in Singapore. Also, offshore investment income of non-resident funds managed by ACUs was exempted from Singapore tax and the fund managers income is taxed at the concessionary 10% rate. The regulations made by the ADM are that bank operations in Singapore had their transaction records in Domestic Banking Unit and Asian Currency Unit. Asian Currency Units are primarily funded from interbank market while Domestic Banking Unit is retail deposits. Banks which want to operate Asian Currency Unit will need approval from MAS and this arrangement was designed in 1970s to promote foreign currency business in the Asian Dollar market and thus developed Singapore as a regional financial hub. Companies sold their securities because it is easily converted to cash. Overtime their cash inflows increased due to interest earned from the matured bonds. However in 2008 economy crisis bought by the US which happens after the movie has shown, the Asian Dolla r Market slowed down while trading in the foreign exchange market fell sharply. These changes plus the decline in fund management and stock broking activities led to the decline in financial services in Singapore.1 Singapore did not make any new regulations after the financial crisis happened after 2008. Instead, Singapore would only make after the global economic recovery. Mr Yoshihiro, the chairperson of the Finance and Economic Working group said this: Financial regulation might kill the weak, fragile economic recovery. Thats what we are very afraid of. 2 Thus, Singapore is scared that the economy would weaken if Singapore would to make anymore new regulations to the financial market. New regulations would probably make in the year 2011. 3 We think that the movie painted a realistic picture of how Singapore had attracted foreign investors. After the economic crisis, the fall of the US currency had weakened Singapore Asian dollar market since. However the rising of emerging mar ket such as China and India made Singapore a favourable location for trading and investment for its favourable time zone and near location. Overall, financial developments in Singapore had only minor impact on the Asian Dollar Market.4 show that the Asian dollar market had only little impact on Singapore financial market. Capital Market Emerging markets describe the process of activity of developing countries and many financial markets were involved with the emerging markets. In this market, their politic works according to the nations economic. The character in the movie acted as a role of a middleman in the emerging market to help investors invest their money in developing countries. Investors believe in investing money in these countries could help them make more money as emerging markets grow faster than developed markets and these markets are cheaper than developed markets. The factors they look into for investment are social and political system, openness, product mar kets, labour markets and capital markets. These factors are used to analyse before deciding whether a company should invest their money. India is one of the emerging markets involved in several financial markets such as commodity, foreign exchange market and capital market. Capital market is important for India, where India, East India Company used to the dominance player in the Asia capital market providing money for long period when theres a raise of short term funds in other markets. Its capital market is growing as more investor is investing in their market. India is getting more advanced compare to other emerging markets, because their capital market is recognized for being organized with their securities exchange and transactions. Changes occur in capital market as more new regulations have been introduced due to the failure of the Lehman Brothers during September 2008, after the movie had been made. Various countries have their country authority to implement the rules. In the India capital market, the Securities and Exchange Board of India implement the regulations recently such as allow pricing the Qualified Institutional Placement (QIP) issues at two weeks closing prices instead of six months as they realise that many foreign investors invest their money via the QIP route. In a capital market, it involves 3 types of players: investors, issuers and intermediaries. The players come from bankers, brokers, insurance executives to households. Household remains as the biggest category of players in the capital market and these individual investors invest for their different benefits such as saving for retirement or education for future children. Bankers and brokers being the intermediaries for investors, HSBC is one of the players as banker in capital market. It could be a company such as JR Morgan too. There are always changes in the players since the shares goes up and down, new players enter almost every day and we have some old players that exi t the market everyday as well. Furthermore, due to the recent reform in capital market, this will attract more foreign players investing into insurance market where there will be an increase of insurance executives participating in the capital market. Commodity Market Africa is involved in the commodity market in the movie. Since commodities are goods that are on demand, naturally it will be affected at a certain point of time because of some factors such as change in consumers taste causes a decline in demand, movement of securities and etc. Cotton price slowly decline in the mid 1990s, the price of cotton falls significantly by 54%. It fell drastically in 1997; the drastic fall affected many families expenses and their childs education. One major factor is the overproduction due to the deregulation of US cotton markets. In 1995, the cotton fell as US removed the supply management program, which increase the economic activity production level and decrease in global pric es. Even after removing this program, United State (US) did not introduce any program in helping to balance the supply and demand. In fact, they increase the subsidies for the farmers where these subsidies are pay directly to the farmers for compensation. The subsidies pressurize farmers to continue over-producing so that, despite their high cost of cotton production leading to a massive expansion in production levels, which reduced global prices. Rules are imposed by the World Trade Organization in the commodity market in order to help both producer and exporters in business, and aid the government in strengthening social affairs by meeting their objectives. However in the commodity contract, US stated agreement that goes against the WTO objectives such as to prevent higher standards of living in Africa as this will affect US in getting goods at lower price and from becoming the largest exporter. Africas commodity market, liberalization and protectionism are practiced by the US. Free trade allows traders to carry out activity without Africas government interference. The US government intervene the market by the restrictions of supply and adjustments of price. These include subsidies, tariffs which had mentioned earlier in which they take these interventions to benefit themselves. Often, these interventions comes together with protectionism, where doctrine states the policies to restrain the trade between the states using methods like imposing tariffs on imported goods. The regulators are currently trying to put up new regulations to tighten the commodities regulation as they discovered many traders actually uses the unregulated Over-The-Counter trading method, especially traders in energy commodity market that specialize in natural gases, oil and etc. Thus since the movie was made till now, new regulations have not been imposed but regulators are still looking into it. The movie paints a realistic picture of how the Africans suffer from the commodity market crisis. Even though with the aid of the EU (European Union) to reduce the impact of Africans crisis, they still suffered problems where low price of cotton is unable to support them properly such as living expenses.5 Foreign exchange market The USA was mentioned in the movie to be involved in the foreign exchange market during 1970. Through US Nixon shock with Bretton Woods system, a new modern foreign exchange market was formed. Before having a new modern foreign exchange market in 1970, US dollars were able to convert into gold. During that period of time, due to the Vietnam War, the cost used in the war caused inflation. The gold coverage for dollars have decline as well, causing many holders who are holding onto US dollars lost confidence with dollars and went for gold. There are rapid economic slowdowns due to increase of unemployment rates and problems in their banking systems but markets like China and India continued to show signs of growth. In order to stab ilize the inflation, US president, Richard Nixon ends the convertibility of gold and dollars. Nixon administrative immediately went to make a deal with OPEC. The deal was to sell oil and accept all transaction only in dollars. Many people buy the oil using dollars which rise dollar of gold standard to the oil standard. The dollars turn into a very important currency after this deal was made. Part of the reason why US dollar has been a base currency in the foreign exchange market is because back then, gold is being replaced by US dollars by the Bretton Woods system and the only currency that was supported by gold was US dollars, although the system ended when Nixon stop the trading of US dollars and gold when they realize they do not have sufficient gold for US dollars reserved in foreign banks. Bretton Woodss system and Nixon shock had caused quite an impact in the foreign exchange market in the early years. In Singapore, Franklin Templeton has a foreign exchange market with Chin a and it is one of their emerging markets. Chinas government implemented measures to support their economy. They aimed at supporting petrochemical and light industry sectors, which included tax incentives, export rebates and increased of credit support. There is also a series of tax cuts and subsidies announced to support the automobile, textile and steel industries. Credit growth is at a faster pace in January, attained a record high as government efforts to boost lending continued. In addition, China is expected to continue using its broad foreign exchange reserves to support growth by helping domestic companies expanding internationally and to continue bolster supply of resources. Recent years, Foreign exchange market has been growing as hedge funds are being used by investors, especially oil. New regulation has been made recently this year, such as banning traders in opening hedging on the same pair of currency from one account although hedging is a strategy that is popular t hroughout years in the world. It was banned as they believe it does not bring any benefit in economic except for cancelling out investments. Another changes made to the regulation is to limit retail brokers on offering maximum leverage for major currency pairs and exotic currency pairs. There is also another new regulation that restricts brokers and dealers in simultaneously open opposing positions in the same account. First-in first-out is to be done, where traders would have to close the position that was opened first. There hasnt been any change with the players in the ranking these years since the movie had been made as German Deutsche Bank remains as the top in ranking. However, Deutsche Bank AG took the top ranking only in 2006, previously Switzerland USB AG ranked the top in Forex being the dominance player in this market. Both banks had their market shares increased however Deutsche Bank AG had its shares increased more than USB AG. There are many new players entering the market each year and besides Deutsche Bank AG and USB AG, other popular players such as England HSBC, U.S Citi and JPMorgan are involved as well. The government also made regulations and legislation measurements in an attempt to reduce the compensations at bank after the financial crisis caused by the Lehman brother falls. The UK banks has remove the bonuses for the staff in the year 2008 and in the foreign exchange market, market making dealers are to provide their liquidity reports to their various counterparties such as brokers and manage their positional risk while earning a profit. In the aftermath of the crisis, dealers are to deal in smaller amount than in the past. This is to lower the banks risk exposure but impose a greater cost on the non bank financial institutions such as central banks and others who benefits from the liquidity and risk management services provided by the banks. The government also made public policy in response to the financial crisis by lower the liquidity and raises the risks and costs associated with the non-bank currency trades. However it is no absolute net gain for the changes in the foreign exchange market as the buyers might face greater costs associated with the foreign currency trading along with greater volatility of exchange rates and it would be more difficult for the non-bank institutions to transfers their currency risks to a bank than in the past. Money market Other than foreign exchange market, USA is also involved in the money market in the movie. In the USA Washington financial market, the director spoke about USA controls the World Bank which consists of countries that contributed to the bank. A money market is whereby people buy commercial paper, or Treasury bill. In this situation, the World Bank is seems as a money market in which the bank provides short term and long term debt and investment to developing countries. The World Bank lends money to the middle-income countries at interest rates wh ich consists of small mark-up over the SSU (surplus spending units) borrowings from the capital market and the IDA provides low interest or no interest loans and grants to low income countries with little or no access to international credit markets. This helps the developing countries to build the necessary infrastructure and develop their agriculture to improve their economy. In the recent report6, the World Bank had lends US$182m to Sri Lanka to help the refugees to rebuild their houses and basic infrastructure that were destroyed from civil wars. The World Bank money market shows that the bank gathers small surplus unit funds to fund the project in developing countries to improve their economy. On the contrary, in reality the movie does not show how the financial crisis had threatened the blue-chip financial institutions around the world. Throughout the Fannie Mae and Freddie Mac, and the Lehman Brothers investment bank bankruptcy in 2008, a global financial panic has sparked off. Many USA banks had no enough funds to lend. 416 banks are now at the risk of insolvency. Regulators already have shuttered 81 banks and thrifts this year. The money market is affected when their creditors repayment is insufficient for them to pay their debts, or when stock prices fall due to company earnings falling below expected returns. And through these, the United State government had made further regulations to solve the problems. In June 2009, The United States president Obama had introduced a few of the regulatory proposal such as address the consumer protection, adjusting the executive salaries, capital requirements and expanded regulations of the shadow banking system and derivatives. It is to regulates the institutions that act like bank and break down up to limit systemic risks. Banks should also have regulatory capital requirement and insolvent banks should be nationalize. For mortgages, bank also needs to ensure that at least 10% of the mortgages down payment is made and their income should be verified. From all these measurements, we can see that not only banks played a big role in the financial market, but the government is also involved in it. From here the movie paints a very realistic picture to a certain extent, even though they did not fully explain how each market actually works, but it shows the truth of these markets. The gainers, the losers and behind the market who will be affected. Not only did the movie show about the market but also how the market investments globally affect the people who are indirectly related to the market. Such as offering foreign investors securities loan, investors invest money in India to set up companies. Moreover, the movie shows that India workers are getting low wages as standard of living is rising and the cost becomes more expensive. It tells that reality is unfair, Indians pay their taxes but government uses it as form of grants for foreign investors, hence neglecting welfare of the Indians. Information on Franklin Templeton is easily accessible, Investors are able to know the prices of the funds and research on the history performance of Franklin past records. There is an annual report to download and research on their performance, it gives an update on various different countries they do business with such as Chinas economy, and if it is improved, people would consider about investing in China. The information is realistic and up-to-date; it does not give false information. Neither do they give out unrecognised funds for people to invest in; a sham to steal peoples money by having to lie about the false existence of that fund. In the movie, an Indian woman was quoted saying 10 years ago in a middle class family, if the income is around ten thousand they will be able to save at least 2000 to 3000 rupees, but those days are gone, today even if they earn twenty thousand they arent able to save a single penny She tells the standard of living has risen so high that even middle income families have shifted to living in poverty. Majority of people are from middle class families and because of that many people are poor. The people living in the slums prove that the cost of living is too high for them and their average monthly income is not able to make ends meet. In addition, she was quoted saying Indians pay their taxes.. this revenue given to foreign investors in form of grants, government lacks the money to take care of the social welfare of the people This is realistic as the government would have no choice but to rely on foreign investors in order to improve Indias economy. Otherwise, India would not be making money and would fall even deeper into poverty. Current dominant players and future of the markets In the previous question, we have analysis the changes to the commodity market, money market, foreign exchange market, capital market and Asian Dollar as in the movie have shown. Financial crisis such as subprime credit crisis, consolida tion and bankruptcies has happened all over the world. Being the largest country in debt, the subprime crisis USA had occurs such as the banks had pool various loans into sellable assets thus off loading risky loans onto other. Money was tied up into securities as the buyers doesnt want to sell the security, instead of getting regular payments from mortgagees and the banker off-loads the risks. And millions of people become bankrupt after the AIG and Lehman brother failures resulted in a shadow banking system in USA and other countries. Now, we will analysis the future of markets aftermath the USA financial crisis. For the commodity market, there are several dominants players. Brazil, Vale and Switzerland, Glencore are 2 of the several current dominant players in this market. Brazil is widely known for its wide commodities available for import and export, Vale in Brazil is one of the largest mining conglomerates, producing iron ore, nickel and etc. Glencore supply raw materials f rom metal, oil to agricultural products in the market. Commodity market is working well in 2009, though many commodities prices drop to their lowest during 2008 and early months of 2009. In the future, the commodities price will most likely to be increased together with the development for the developing countries as these developing countries are going under development of technology and globalisation. Also, commodity market growth will rise with its commodity prices increase as the global growth is getting recovered from the credit crisis. Although US and Europe are going through the post recovery but the demand for commodities especially on metal from Asia is rising as Asia economies are growing. Besides that, due to the credit crisis, the Equity had raised to repay debt which helps in reducing the burden for the borrowing cost, improving the commodities growth especially for the emerging markets. To add on, commodity such as oil, fuel are items that will be used up. When talking about commodity market, people often associates it with risks as such items will deplete one day. And commodity future trading will also involves greater risk than buying stock. And if one day when commodities are going to run out, there will be commodity bubble where people will sell these items at high price and another financial crisis will definitely occurs. This will results in the general public lacks of interest in trading commodity futures. The reason behind is that some of the commodities such as cocoa, crude oil prices have gone up in the last few year. Another reason is the increasing demand from China. Imagine that in the next few years, China will become the top consumer of Asian natural resources, as China is developing at such fast rate that they are using natural resources faster than any other countries, and the China government invest heavily in the region in joint ventures and taking over entire business. Therefore, China will definitely escalate the demand of commodities will be at high. With the US dollar depreciation, it is another reason of the rise for commodity price. The trend will definitely continue as US is now the largest debtor nation in the world now. With US dollar depreciating against all other countries currencies such as Japanese Yen, Sterling pound or even Australian dollar, Commodity price increases as the value of US dollar decreases. And according to an article stating China has already seen a shortage of some of the main commodities, namely steel, timber, oil, and others 7 shows that the raw materials are depleting at a much faster speed than we have imagine. The director films about how gold had been manufactured. And similarly, not only fuels, coca (unsustainable products) but commodity like gold, diamond is also traded in the commodity market. Commodity such as gold is also rising in price value. The largest gold market will be London and Zurich. And often, there will be clearing mechanism to manage vaults, an d gold are shipped from all over the world and mostly transferred on to the worlds jewelry manufactures. The so called clearers are the financial institutions. They helped to find investment customers and the customer will entrust them with the delivery of gold which they buy from LBMAs market making members which includes other banks and specialists. There are currently 5 financial institutions which in charge of this transactions and keeping of gold. They are The Bank of Nova Scotia, Deutsche Bank AG, HSBC Bank USA London Branch, JP Morgan Chase Bank and UBS. The Dominant players in the commodity markets comprise not only banks but also airlines companies, utility companies and hedge funds interested in risk diversification. Airplanes companies may face the unfavourable fluctuations risk of jet fuel price and utility companies may face the risks of the deregulations of energy market as the value fuel is increasing any now and then. In my opinion, I think that commodity marker r elates closely to foreign exchange market and money market, once the value of commodity shoot up very high, it will definitely affects the stocks and the value of money(currencies in various country). However, we do not need to worry too much as after the end of a recession; demand for commodities will slowly pick up. But as the global economy expands, the demand for commodities will generally rise and result in the price of commodities rises. In conclusion, if the economic were to recover, it will result in a higher demand of commodities and cost a higher usage of commodities and raises the commodity prices.8 While for the foreign exchange market, German Deutsche Bank is currently the dominant institution in the market as they rise to the top the ranking in 2006 replacing Switzerland USB AG who is now 2nd in the foreign exchange market. The 2007-2008 financial crises had made great implications for the foreign exchange market in exchange rates, volatility, returns in currency in vesting and transaction costs. This market was being affected badly during the credit crisis especially the US. The impact will remain for the first half of the year in the upcoming future 2010 but the volatility in 2010 most likely will not be as high as it is in 2009. In addition, risks which are associated in the foreign exchange market are counter party risk and settlement risks. To counterfeit this problem, companies need to manage closely to the exposures to the different trading partners by finding back-up prime brokers to reduce the dependence on one bank. And also companies had reach for a change which is to hold a 30 day contract would reduce the length of the exposure of risk premium. This would reduce the credit and volatility risk rather than hold a 90 days forward contract and pay the premium. In addition, corporate had sought to join the CLS system to reduce the settlement risks. Next, we will look at the future of the market; we all know that the banking system in 2008 has created a large impact by increasing the demand for the US dollar. After the failures or near failures of the USA banks such as Freddie Mac, Merrill Lynch, Lehman Brothers, AIG and LIBOR (London Interbank Offered Rate) is relatively high. LIBOR is the rate that the banks are willing to lend to each other. And this implies that the higher the rate, the greater the amount the bank needs to repay the loans. This cause the exchange rates to shift. This means that the amount owed by AIG or Lehman Brothers or USA government is multiplying itself in the every second US dollar depreciate. To add on, US dollar depreciation is needed to support the economy restructuring to reduce its trade deficit. So far, the burden of the depreciation is been borne by other currencies such as euro and commodity-related currencies like Australian dollar and Canadian dollar. In addition, the rising China currency (RMB) will also pressurize on the US dollar as its currency is rising sharply. Not only USA and Europe is getting tougher with China but also developing countries like India and Brazil. Although the Japanese Yen appears to be stable after the USD depreciation as it was not affect by the US subprime exposure as their competitors in Europe and US did. However, the macro economy of Japan worsens in the early 2009. It is predicted that in the 2nd half of the year in 2010, foreign exchange market for US will then slowly start growing again, although in a slow pace. Banks that used to work with the collapses banks such a Lehman Brothers, they are the ones who are greatly affected and trying to fight against the credit crisis using huge amount of liquidity. To reduce the impact, some countries such as US, their government came out with a stimulus package to speed up the recovery and growth of the market, bringing down the fiscal deficit to help in getting out of the recession. For the capital market, they have seven categories of players which include households, fund managers, bankers and brokers, corporate managers, foreign investors, government officials and insurance executive. The current dominant categories of players would be the household. As individual like us invest our money into the bank as long term investment for future retirement or even education for children. Bankers from Bank of China, Bank of America and HSBC are also some of the few dominant players in the market. In the early 2009, many expect the failures of banks and many job losses. True enough, since the collapse of the Lehman Brother in 2008, many US banks started to collapse as well in 2009. For the following 2010, there will be difficulty in raising the equity dollars due to the shock of the credit crisis as it is not easy to find potential investors in investing by buying the shares since the credit crisis causes many to lose their trust. The number of venture capital will be lowered as well and this amount will remain for long run because the recession causes pension funds not allocating a larger percentage of diminished dollars for loans of the borrower that have been classified by financial institutions as doubtful asset known as non-performing assets class. Naturally, many financial institutions such as banks are involved with capital market. The credit crisis definitely left a great impact on all the banks, causing the consumer to lose their trust in investment and placing their money in these banks. The banks in the capital market suffer the most for this recent incident. For the upcoming future, various banks will come up with their strategies to win back their consumers trust and also building up the trust among banks itself. For the companies, some might not be affected while some will be greatly affected if they are related to the affected banks. These companies will most likely come up with strategies such as private placement, bonus issue or right issue to attract more shareholders in buying their shares to raise their capital equ ity. Executive summary The credit crisis in 2008 has affected the investors from all over the world such as money centres in Tokyo, Sydney, London and New York. Also, other arising economy crisis will be the emerging market stresses and the commercial property loans in US and UK. From the emerging market such as India and China, it will surely caused stress on the developed country such as USA and Singapore. External demand will fluctuate unpredictably. Large capital flows will go into Asia, especially China and India from the developed countries in future. It would be destabilizing liquidity flow in the market. It will also mean that emerging market will improves ahead of developed economies such as USA and Japan. The consequences followed by will be uncertainty flow of currencies belonging to domestic liquidity management and asset bubbles which emerging Asian economies will struggle to cope with. In conclusion, in order to prevent the financial crisis or credit crisis, t he financial institutions should improve transparency of the market, like exposing their securitizations and improve the monitoring process of non-transparency off-bank balance sheet items financing and strengthening the disclosure requirement. The company should upgrade valuations standards in order to respond to problems arising from the valuations of illiquidity assets. For banking sector, they can strengthen their prudential framework, including the large exposures treatment, banks requirements for securitizations and liquidity risk management. They can also investigate the structural market issues, such as role played by credit rating agencies and originate and distribute model. For economy sector, measurements in reducing its borrowing from other countries such as reducing its trade and budget deficits and use the borrowed funds to invest in forms of capitals instruments to enhance their productive capacities. For the money invested wastefully on the war in US against Ir aq, or grants for foreign talents in India, instead could be used to reconstruct the economy of their own country.

The Digital Data Genesis And It s Impact On The Mgm Grand...

Technology trends are related to the widespread adoption of mobile platforms, the Green IT movement, the open source software, cloud computing and the digital data genesis phenomena. the amount of data that is used everyday speaks to the way that companies are evolving and businesses are updating. Our wiki will focus on the latest trend: the Digital Data Genesis and it s impact on the MGM Grand Casino-Las Vegas (Taylor). (Alyssa-Edited) Digital data can provide new opportunities for firms. Companies may have to deal with a high volume of transactional data, â€Å"capturing trillions of bytes of information about their customers and operations† (Vitari and Raguseo, p. 76) (Taylor). â€Å"Millions of sensors are embedded in the physical world in devices such as mobile phones, smart energy meters, automobiles, and industrial machines that sense, create and communicate data in the digitalized age†. (Vitari and Raguseo, p. 78) (Taylor). DDG further explained: When a process is â€Å"digitalized (e.g., a purchasing of a good on the Internet), it is carried out through a digital computer or device. When an entity is digitalized (e.g., an RFID-enabled good track), the company has the ability to access an informational representation of that entity (e.g., the position of a good along the supply chain), and generate relevant data from it† (Vitari and Raguseo, p. 84) (Taylor). . All of the data is generated in digital forms. To understand this concept, consider three examples, â€Å" the usage of RFID