Ford Motor Company Essay -- essays research papers

Ford Motor Company Address: The American Road Dearborn, Michigan 48121, USA Public Company Incorporated: July, 1918 Employees: 383,300 Sales: $62.17 billion Stock Index: New York, Boston, Pacific Midwest, Toronto, Montreal, London   Ã‚  Ã‚  Ã‚  Ã‚     Ã‚  Ã‚  Ã‚  Ã‚  Until recently, the Ford Motor Company has been one of the most dynastic of American enterprises, a factor which has both benefited the company and has brought it to the brink of disaster. Today Ford is the second largest manufacturer of automobiles and trucks in the world, and it’s operations are well diversified, both operationally and geographically. The company operates the worlds second largest finance company in the world, and is a major producer of tractors, glass and steel. It is most prominent in the US, but also has plants in Canada, Britain and Germany, and facilities in over 100 countries.   Ã‚  Ã‚  Ã‚  Ã‚  Henry Ford I, the founder of Ford Motor Company, was born on a farm near Dearborn, Mi in 1869. From boyhood, he had a talent for engineering, but it was not until 1890 that he commenced his engineering career as an employee of the Detroit Edison Company. Ford’s superiors at the electric company felt his hobby distracted him from his regular occupation, and despite his promotion to chief engineer, he was forced to quit in 1899.   Ã‚  Ã‚  Ã‚  Ã‚  Shortly afterwards, with financial backing from private investors, Ford established the Detroit Automobile Company. He later withdrew from the venture after a disagreement with business associates over numbers and prices of cars to be produced. Working independently in a small shed in Detroit, Henry Ford developed two four cylinder, 80-horsepower race cars called the â€Å"999† and the â€Å"Arrow†, with $28,000 of capital raised from friends and neighbors. Henry Ford established a new shop on June 16, 1903. In this facility the Ford Motor Company began production of a two cylinder, eight-horsepower design called the Model A. The company produced 1,708 of these models in the first year of operation.   Ã‚  Ã‚  Ã‚  Ã‚  Henry Ford and his engineers designed several automobiles, each one designated by a letter of the alphabet: these included the small, four cylinder Model N (which sold for $500), and the more luxurious six-cylinder Model K (which sold poorly for $2500). In October 1908, ... ...a 25% share of Toyo Kogyo in November 1979, when a Ford subsidiary merged with the company). Ford imported Mazda cars and trucks, and in many ways treated Toyo Kogyo as a small car division.   Ã‚  Ã‚  Ã‚  Ã‚  In 1984, with costs reduced, Ford started to repurchase 30 million shares (about 10% of the company’s stock). It’s production of cars in Mexico increased and output was stepped up in South Korea. The following year Ford introduced the Taurus, a modern full-size automobile which had taken 5 years to develop at a cost of $3 billion. The Taurus proved highly successful and won several design awards.   Ã‚  Ã‚  Ã‚  Ã‚  Sales and profits reached record levels in 1984, and in 1986 Ford surpassed General Motors in income for the first time since 1924. In addition, Ford’s market share increased to just under 20%. Ford Motor purchased several companies in the mid 1980’s, including the First Nationwide Financial Corporation, the New Holland tractor division of Sperry and 30% of Otosan, the automotive subsidiary of the Turkish Koc Group.   Ã‚  Ã‚  Ã‚  Ã‚  The Ford Motors Company was, is, and will continue to be one of the greatest American enterprises.

Explore the Role of Joe Keller in the Play All My Sons

At the beginning of the play we see just from the description of Joe Keller in the stage directions as he described as a ‘business man with the imprint of the machine shop worker and boss still upon him' from this we learn that even though Keller is a man from nowhere he has achieved so much, and even though he is now the business man he still seems like the small man who started like any other person would. From the stage directions we also learn that Keller is a complex character who is still wondering through life ‘there is still wonder in many commonly known things†¦ ‘ The idea of a man of low origins is reaffirmed in the stage directions again ‘a peasant-like common sense' this helps to strengthen the idea that Keller is the average person (average Joe) and that he could be just like any one of us. At the end of the stage directions we are told that Keller is ‘a man among men' this shows that Keller is the man of the house and the community. We also see the strength of his character as when he describes his account after getting out of prison Picture it now; none of them believed I was innocent†¦ So I get out my of my car, and I walk down the street. But very slow. And with a smile. The Beast! I was the Beast†¦ † this shows Keller as a strong character who is defiant even in the face of adversity, this also shows how Keller can manipulate things to his advantage, it also helps to establish Keller as the anti-hero. We see Miller establishing Keller as the tragic hero as Keller is the described as the average person, a very decent, hard-working man that everyone seems to get on with, but as with every tragic-hero he has a flaw which will eventually lead to his downfall, so far we see the possible flaw as something to do with the disappearance of his son Larry â€Å".. Larry was reported missing on November twenty-fifth, right? †, this seems to be a something that has stuck with the family for a while but has recently come back to haunt them, with their other son Chris wanting to marry what used to be Larry's girlfriend. The role of Keller in dramatic genre tragedy is the anti-hero as he's not the normal idea of a hero, as he's your average normal person and had to work hard to achieve what he has, he is also the tragic hero. Keller is also the protagonist as he is the main character and also the (tragic and anti) hero of the play. The functions of Keller so far is the patriarch as he is the head of the family and the head of his own business. We also see Kellers role in the plot, to bring it from the past to the present as an event from Kellers past will be brought back up to haunt him and therefore cause his downfall. There is also Kellers relationship with his son Chris, we see that there is underlying tension as Chris once worked in the army and and developed a sense of guilt for all the men that died even though he didn't and then there is the fact that Keller created part's for aeroplanes flown by soldiers and that some were faulty apparently due to the mistake of his ex-partner But even before this we see that Chris doesn't have the same beliefs and ideals as his father(the business), when Keller worked hard and did all that for Chris so that Chris could lead a good life without worry, but Chris doesn't believe that the business is all that matters as he (after being in the army) believes that there are more important things after what he went through. We also see tension through the fact that Chris wants to marry Ann (‘Larry's girl') and that this would be wrong in anyone's eyes (especially their mothers) as they believe Larry to still be alive and for them accepting that he isn't is like accepting that Keller killed Larry (Larry was a pilot in the army) so that's were the conflicts lie. We also see Chris's need to believe in his fathers innocence â€Å"(with admiration) Joe Mcguts† this shows Chris's admiration for his father and how he sees him as a hero and that if anything challenged that it would wreck everything he knows. We see that Keller is respected by other's as even though after what happened with the plane parts and people still believed him to be guilty even though he was let off, but eventually after time he built back up the respect he had lost â€Å"Fourteen months later I had one of the best shops in the state again, a respected man again; bigger than ever. † Kellers relationship with his wife seems to have tension as the stage directors indicate â€Å"Mother(pained) How could they move back? † this seems to show a conflict in their opinions and ideas; we also know that Kate cannot accept the death of her son as it would mean that Keller killed Larry and that would be unforgivable, so again we see conflict as if Larry were dead she wouldn't be able to take the pain of knowing what Keller could have done.

How to Write a Presentation in Shakespeare Studies

How to Write a Presentation in Shakespeare Studies Wondering how to write a powerful presentation in Shakespeare Studies? Writing college-level papers and oral academic presentations can be tricky because these tasks require strong writing, analytical, and critical thinking skills. To help you cope with your coursework assignments, we offer here a lot of full guides to all writing assignments out there. In this article, you will find useful recommendations on writing an impressive presentation about Shakespeare and his literary works. Keep reading to learn how to find a good topic, structure your presentation, write a draft, and edit and proofread it. Besides, we will provide you with a great list of 15 interesting topics for your inspiration. What Is a Presentation in Shakespeare Studies? William Shakespeare is regarded as one of the greatest writers in the world literature and his works have profoundly shaped our modern notions of human identity. Shakespeare Studies is an interesting course that gives students a unique opportunity to study plays of Shakespeare and his contemporaries and develop an appreciative understanding of his contribution to theatrical and literary history and his influence on the English language. Writing a presentation about Shakespeare and his works can be really challenging, taking into account his unique status in Western literature and his effect on literate cultures across the globe. Many people think that Shakespeare was a literary genius who wrote the best poetry and the best prose in English and brought to life a cast of unforgettable characters like Macbeth, Romeo and Juliet, Prince Hamlet, King Lear and more. A presentation in Shakespeare studies can be focused on careful and detailed analysis of specific characters, themes, and linguistic patterns in one of his plays. You need to provide a strong argument on your topic and you don’t have to read secondary literature for such presentations. Instead, you are required to analyze Shakespeare’s texts and support your claims with quotations. How to Choose a Topic for a Presentation in Shakespeare Studies You should choose a unique topic that can capture your audience’s attention and will allow them to learn something new. Shakespeare wrote about important themes such as love, life, death, magic, revenge, murder, jealousy, grief, mystery, and more so you can devote your presentation to one of these immortal themes or analyze a specific play – its characters, themes, scenes, speech, literary devices, etc. You can also write about Shakespeare’s plays in relation to the cultural and social context, analyze his influence on theater, explore his impact on the English language or examine his contribution to Renaissance. Here are some interesting topic ideas. Feel free to use them for making your presentations: Key Themes in The Merchant Of Venice; Shakespeare and the Globe Theater; Analyze how Shakespeare Uses Language and Rhetoric; Supernatural Elements in Shakespeare’s Plays; Gender Issues in Shakespeare’s Works; Dramatization of Religious Ideas and Issues in Plays of Shakespeare; Explore Conflicts Between Children and Their Parents in Works of Shakespeare; Shakespeare’s Views on Love and Marriage; Idea of Revenge in Plays of Shakespeare; Role of Fool in Shakespeare’s Tragedies and Comedies; Analyze a Film Version of King Lear; Discuss Shakespeare Play Themes; Explore Shakespeare’s Contribution to English Literature; Explain Why Shakespeare is Still Popular Today; Philosophical Issues in Hamlet. Plan Your Presentation in Shakespeare Studies A key to success of your presentation in Shakespeare Studies is careful planning that involves determining your objectives and strategically choosing appropriate information. Besides, every presentation needs a clear message which helps you communicate your ideas more effectively and achieve more than just delivering certain information. First of all, you need to determine the scope of your talk. Academic presentations are limited to 10-20 minutes so you should think about the amount of information you will be able to deliver in such a short period of time. Keep in mind that you will need time to introduce your topic and to conclude your presentation so you are unlikely to be able to cover more than 4 points. You should identify the key message of your presentation and then determine the main points that support your message. The next step is to structure the content of your presentation in Shakespeare Studies. Oral presentation should be clear and logical so you should avoid complex structures and focus on the need to develop a convincing argument. It’s critical to build your arguments on the previous points and avoid large jumps in sequences. At this stage, you should also choose supporting information – some factual data, examples and appropriate quotations from Shakespeare’s texts. You may plan to present supporting information in imaginative ways using pictures or video segments. To make the most impact, your presentation in Shakespeare’s studies needs a carefully defined structure. The structure of oral presentation is similar to essay structure and includes 3 essential parts: A welcoming introduction which provides details about the talk; Main body that presents main points in a logical sequence; Conclusion that summarizes the content and highlights the significance of your talk. Let’s talk about each part of the presentation in detail. Create an Engaging Introduction The goal of an introduction is to engage your audience, introduce the topic, and outline the key points you will be discussing during your presentation. So, what are the key elements of successful introduction? You may use the following structure: Greet the audience and introduce yourself even if they know you; Tell them what will be discussed: ‘I’ m going to talk about †¦Ã¢â‚¬â„¢; Explain how you are going to treat your topic: ‘I will be examining texts and comparing †¦Ã¢â‚¬â„¢; Provide necessary background information and explain the key terms. When planning your introduction, think about incorporating media – a photograph, a picture, a video clip because visual images can invoke a quick emotional response and help you get your audience’s attention. Besides, you can also use such techniques as telling a story that connects the topic of your presentation to your audience’s experience, asking a thought-provocative question, beginning with a surprising fact, etc. For example, you may start your presentation like this: ‘Did you know that the word â€Å"unreal† first appeared in Macbeth? Scholars have found that Shakespeare made up about 1,700 new words which still live in the modern English language. So even if you have never seen any of Shakespeare’s plays, you have used at least one of the words or phrases he invented.’ Another way to engage your audience is to ask them to respond to your questions or tell about their experiences related to your presentation topic. Write Coherent Body Paragraphs In this part of your presentation, you need to provide support to your key message, discussing each of the main points in a clear and logical order. That’s why first, you need to decide what organizational structure you will use – a chronological order, order of importance, comparison-and contrast or theme structure etc. Start each paragraph with a topic sentence to introduce your claim. Then explain it and add clarity to your argument with supporting information – facts, examples from Shakespeare’s plays and sonnets, quotations. Supporting information adds color to your talk but you should use it sparingly in order not to overburden your audience and distract them. It’s important to provide clear link statements to show how your main points, examples, and explanations fit together. Transitions help your listeners navigate through the presentation. Use linking statements to highlight your key points, introduce supporting evidence, and emphasize the most important information. You can use such phrases as: I will begin by discussing †¦ Another point is †¦ Turning to the next point †¦ I would like to move on to †¦ Plan to use visual aids to illustrate your main points and engage the interest of your audience. Use the principle ‘show, don’t tell’. Consider using photographs, illustrations, and videos to bring a historical event to life or help your audience connect with a particular person. Create Convincing Conclusion In the conclusion, you need to summarize the key points you have discussed in your presentation. Don’t present any new information here. Your goal here is to leave your listeners with something to think about. First, you should signpost that you have reached the end of your presentation, for example, like this: I’d like to finish by †¦ In conclusion †¦ Remind your audience about the topic and the purpose of your presentation and restate your main points: In this talk, I wanted to analyze †¦ We have discussed †¦ I believe it’s now clear that †¦ Last, thank your audience for their attention and invite them to ask questions. Revise and Edit Your Presentation in Shakespeare Studies The first draft of your presentation is unlikely to be perfect. In fact, no one is able to produce the best stuff when they first get started. That’s why revision, when you look at the big picture, is a critical step in the writing process. It gives you a good chance to look at what you have written and find out if it’s really worth saying and if you managed to communicate what you wanted to say. Be ready to write multiple drafts and go through multiple revisions before you can move on to the editing and proofreading stage. Revision of your draft may mean making changes in the shape and reasoning. You may need to delete or add sentences and paragraphs or shift them around. First, you should check the focus of your presentation and make sure that you stay on the track through the entire paper. Make sure that your thesis statement is clear and that you support it with appropriate points; Then check the organization and your paragraphs. All main points should be presented in the logical order, with transitions which will move your audience smoothly from one point to the next; Check the content of your presentation to find out if the supporting information is relevant and persuasive and if there are any ideas that need further development. Now move on to the sentence level and edit your draft: Read your presentation sentence by sentence and make sure that their meaning is clear to your audience and they don’t sound dull; Cut out extra words to avoid wordiness and use thesaurus and a good dictionary to ensure that you use the precise words; Check your sentence variety and try to use different sentence patterns; Check for comma splices, sentence fragments, and verb errors and fix them. Eliminate spelling and punctuation mistakes. Working with Visual Aids The purpose of using visual aids is to enhance what you are saying and to help your audience remember your message. But you should use them wisely because they can also distract your audience from your talk. Keep in mind that slides should just support you in your presentation so you should never use them as a read-aloud script for your speech. If you want to communicate complex information in the visual way, you can make handouts and distribute them when you finish your presentation. Here are some tips on making effective PowerPoint slides: Create slides that will provide a few keywords, important data, and relevant images to enhance and emphasize your points. Include only necessary information; Make your slides simple and don’t write in full sentences. Use bullet points instead. Limit punctuation and remember: the fewer words, the better; Use simple sans-serif fonts consistently on all slides. Choose a font style and size that your audience will be able to read from a distance; Be consistent with using contrasting colors for text and background; Use only high-quality photos and graphics to make your presentation visually appealing; Limit the number of slides and use one slide per minute. We have discussed essential aspects of making effective presentations in Shakespeare Studies and offered you practical strategies for structuring your presentation, developing a logical argument, and using visual aids. We hope that our tips will help you create powerful presentations and make them memorable to your audience.

How effective was Henry VII as a Monarch Essay Example

How effective was Henry VII as a Monarch Essay Example How effective was Henry VII as a Monarch Essay How effective was Henry VII as a Monarch Essay Throughout the course of Henrys reign, there were various uprisings against him, not only because he was a usurper to the throne, but also because he had very little history in England. In 1485-86 there were few minor risings in the Midlands and the North, which were of little significance and were dealt with efficiently; Henry showed his seriousness through the execution of Humphrey Stafford after his treacherousness. A more serious threat than the aforementioned was the situation surrounding Lambert Simnel, which was potentially very serious as it led to the Battle of Stoke in 1487.However, after three hours of intense battle the Kings army had the Yorkists surrounded, and most of the key leaders were killed. Again, to show his seriousness Henry charged 28 of the opposing nobles with attainder and sentenced Symonds, the orchestrator, to life imprisonment. In 1489 there was a rebellion in York which was a relatively small tax opposed rebellion which Henry was able to deal with, aide d by the Earl of Surrey, who defeated the rebels. Here the King used calculated clemency, as he issued pardons to many of the prisoners as a gesture of conciliation to prevent further uprisings. In 1491, Perkin Warbeck emerged as a threat, pretending to be Richard, Duke of York whose assumed murder in the tower had never been proved.The threat from Warbeck was possibly the greatest that the King faced during his reign, as it lasted for 8 years, and drew much international recognition from areas of Ireland, Scotland and France. This situation, combined with the Cornish Rebellion of 1497, set Henry in a particularly troubled position. Warbeck was under the care of James IV of Scotland; whilst at the same time was under threat from the grieved Cornish who managed to march to London unopposed. However, James did not take this opportunity to invade and the Kings army were victorious against the Cornish. The Warbeck situation came to a close in 1497, after the efficient work of Henrys s pies had unpicked the conspiracy and support for the pretender had diminished. In 1499 both Warbeck and the Earl of Warwick were hanged.In 1501 Henry faced further threats, particularly from the Earl of Suffolk who had a strong Yorkist claim to the throne and gathered support abroad in Flanders. Henrys insecurity was evident through his rash behaviour; the King imprisoned Suffolks relations in England and charged 51 men who had connections to the Earl with of attainder. In 1506 a storm caused Philip of Burgundy, who had Suffolk in his care, to take refuge off Weymouth with his wife. Henry took this opportunity to persuade Philip to surrender Suffolk in return for sanctuary, and on the condition that Suffolks life would be spared. Overall, Henry dealt with the threats he faced rather well; they were never able to progress quite to the point where the crown was in serious jeopardy, although Simnel did get close. Henrys ability to use clemency enabled him to prevent further uprisings a nd his opportunistic nature enabled him to use a situation to his advantage and squander the last among the Yorkist threats.With regard to foreign policy, Henry had three main aims these were to further the interest of English merchants, to achieve an effective security system through preventing war, and to be recognised as the rightful King of England. The first major treaty that Henry signed was the Medina del Campo with Spain in 1489, which has been described by Rogers and Turvey as the most significant achievement of Henry VIIs foreign policy, and rightly so; Henry achieved all of his main aims with this treaty. The King gained recognition through the treaty as the Spanish Monarchs, who had emerged as a giant power in Europe, recognised him as a peer.Additionally, he was able to secure a marriage between his son Arthur and Ferdinand and Isabellas daughter, Catherine of Aragon. Furthermore, he achieved peace and security through diplomacy, the joint pact between Spain and Englan d, against France, ensured that both countries were protected against their French enemies should they go to war. As well as this, Henry achieved prosperity for his merchants as the trade tariffs between England and Spain were removed. Whilst the treaty of Medina del Campo did have its drawbacks, for example Henry having the worst of the bargain, as regaining Normandy and Aquitaine was impractical and unrealistic, he was willing to ignore this so he could reap the benefits of being recognised as an equal by the Catholic Monarchs.The second major treaty was the Treaty of Etaples, signed in 1492 with France. Again, Henry was able to achieve his main aims; security through Charles promise to no longer aid any English rebels, money through the sizeable annual pension from à ¯Ã‚ ¿Ã‚ ½5000, and recognition as a good monarch, as he was able to establish good terms with France, who had been a traditional enemy of England. The third major treaty was signed with Scotland in 1497, the Truce of Ayton established good terms between England and Scotland, who, like France, had been traditional English enemies for centuries.The main outcomes of this truce were that Henry was able to secure his position, through James IVs promise not to aid any more rebels, and through a marriage seal between James and Henrys eldest daughter, Margaret. Recognition as a good monarch also came with this truce, as previously mentioned, this was major progress with Scotland, whom England had not had good relations with since 1328. Overall, Henry was able to reach his three main aim, and although there were few drawbacks, the King was able to establish the Tudors as a powerful dynasty overseas, particularly through recognition and security, the latter being the most important, as shown by the Magnus Intercursus in 1496.A potentially dangerous group that traditionally threatened the throne was the nobility. Henry had a number of ways of attempting to deal with the powerful nobles. Firstly, from t he beginning of his reign he limited the number of new Lords, as it was easier to control a smaller number of nobles, and this would save more money for the crown, with less money and land being handed over to nobles. This measure also meant that when he did make somebody a peer, it was more prestigious as it was a rare occasion. As an alternative to peerage, Henry introduced the Order of the Garter which was an ancient honour bestowed on the most important knights; this was a valuable alternative as it involved no financial obligations from the crown but acknowledged nobles as seniors.Similarly, the nobility were not to expect patronage from the King, it would have to be earned before Henrys support would be granted. Another method of curbing the nobilitys power was to control marriage between powerful families to prevent a further threat to the throne. Henry also used wardship to prevent abuses from the nobles, as the King would step in and interfere to look after inheritances in young male heirs, until they were of age and had proved their loyalty to the Tudor dynasty. Additionally, Henry and his agents kept a close eye on any potentially over mighty families that may attempt to abuse their power, and would step in if they thought this was the case. For example, the King used financial threats to make sure the nobles were loyal and behaved well, the use of bonds and recognisances meant that nobles would have to pay large sums of money as a promise of good behaviour.Henry also used acts of attainder to make examples of opposing Yorkist magnates, such as those who were supporters of the Earl of Suffolk. Henry did not only punish people though, he did forgive people if they showed loyalty to the crown, the King was willing to forget past problems if this was shown, for example Thomas Howard, who did not take the opportunity to escape from the tower when he could. As well as this, Henry had a strict policy on retaining, unlike his predecessors, he made sure to treat everybody the same when it came to punishment for retaining. This was evident when Henry even punished his close relatives such as his mother for the crime.All of these policies that were put in place may suggest that Henry had an agenda to deliberately quell the nobility, however it has been argued that nobles still enjoyed much wealth and not much changed for them. I support the view that Henry was conscious of the nobles threat and took the appropriate measures to make sure that they did not step out of line, however, I do not believe that he followed an anti-noble policy as such. In terms of effectiveness, Henry certainly managed to curb the nobilitys power, through these various policies, the most important, perhaps, being his financial threats against the nobles, which acted as an example to anybody else who was thinking of abusing their position.In conclusion, the King managed to effectively deal with all rebellions that he came across; although some threats were potent ially dangerous he was able to deal these, overall, in a very efficient manner. Similarly, Henrys foreign policy was able to achieve his main aims, with security being the most important of these. Lastly, the King developed several policies that effectively limited the power of the nobility in such a manner that he was able to diminish potential threats. These points being considered, Henry was a very efficient monarch when taking into consideration the instability of his position.

Finance 4 Essay Example | Topics and Well Written Essays - 750 words

Finance 4 - Essay Example The main hurdle in the establishment of the enterprise was the maintenance of the quality of the fast food and the regular supply of the high quality poultry and other raw food material. The other important factors being the disciplined and trained labor, instilling confidence in its Chinese partners and American counterparts regarding the vast potential for fast food chain, strategic market location for its outlet in an area that would not only attract local population but would also provide foreign tourists with quality American fast food. Last but not the least important factor was creating interest in the new concept of fast food which was hitherto an unknown culture among the Chinese populace. Emerging markets are crucial in the era of globalization and can be defined as the new area with high income and where the demand for the product can be created with relative success. Cases of developing economies like China and India are prime examples that have huge potential for developing markets. China, with its fast developing economy, is a strong emerging market that has tremendous scope for the multinational companies. In the recent findings by Sheer (2000), it is seen that several factors like international trading culture, Chinese values and China’s economical, political and managerial environment are the main proponents of conflicts in business negotiations with China. As Chief Financial Officer of KFC, major concern for financing expansion of our interests in China would mainly comprise of finding appropriate partnership with local agents who have strong foothold in Chinese market. Efforts would be made to build trust and understanding among its counterparts by creating extensive awareness and interest in the streets for fast food so that entering into strategic partnership with prospective agents and entrepreneurs becomes easier. Efforts would also be made to involve local entrepreneurs into long-term

Global Credit Crunch Essay Example | Topics and Well Written Essays - 2000 words

Global Credit Crunch - Essay Example The overall financial solutions to UK clients thus would be greatly affected. (CEBR, 2008)1 Therefore it is necessary to find necessary solutions to various aspects of present global credit crisis to strengthen the UK economy. The global credit crunch has had the attention each and every human being for bad reasons. The present crisis has effected in job lay offs around the world mostly in the developed countries like USA, the UK, Japan, etc. As mentioned earlier, one of the root causes was excessive lending by the banks to the customers. In other words, the banks and other financial institutions lured the customers to borrow loan without any hassle such like low interest rates, 24 hours approval of loan, pay the installments after one year, etc. Such were the schemes offered by various banks to attract the wide range of customers mainly from housing sector.2 The banking authorities didn't even bother to check the liability of the person to whom they are lending, whether the person was able to pay back the money. The Bishop of London quoted in the Daily Telegraph that 'it is becoming clearer how far we have been mortgaging our children's tomorrow to fund our today, both financially and in our use of the finite resources of earth'.3 Looking at the past experiences of financial crisis occurred during the last millennium, it can be assumed that the process of borrowing from the financial institutions will be a Herculean task. The need to restore capital ratios and to recover the losses incurred, it is understandable the borrowers will have lesser flexibilities, less leverage, hike in interest rates and fees will soar at historical high. (John L. Moscione : p.6)4 The customers will have to face a strict scrutiny of their valuable documents before receiving loans as a process to identify previous lack luster performance by the bank officials. Implications for Lending The present crisis is the result of irregularities by the bank and financial institutions in providing loans to the customers without proper verification of their documents and checking the liability of the person. Excessive liquidity with the financial institutions was the foundation for excessive lending by the banks to rake in more customers. In a bid to acquire more customers, they offered lucrative schemes which were spontaneously grabbed by the seekers. Credit crisis was inevitable in view of real estate market boom in recent years which blew the bubble by way of irregular mortgages, unverified loans without scrutinizing the income or assets of the borrower. This facilitated borrowers to indulge in fraud and leveraging of accounts. Most of the loans were approved on the house mortgage which was another cause for real estate boom all over the world. Selling and buying of houses were on spurge, with rates touching the all time high. According to statistics from the Bank of England, total net lending to individuals in January 2009 was 1.1 billion which was lower as compared to December 2008 that stood at 2.1 billion. The total net lending secured on dwellings was 0.7 billion in January 2009 as compared to 1.8 billion in December 2008.5 It is learnt from the

Grassroots Activism Project Essay Example | Topics and Well Written Essays - 500 words

Grassroots Activism Project - Essay Example This gender mainstreaming is one of the best and very convenient to pursue. It involves looking at the way organization functions in terms of policy development and governance, agenda setting, the administrative function and the overall system as whole. According to Tiessen (2010) gender, mainstreaming is able to accommodate any institutional structure. Institutional gender mainstreaming policy should and must be equipped with channels that enables programmatic gender mainstreaming. Additionally, it is the line of action that ensure functionality of the organization that does not reinforce or conceal patterns of gender inequality in its staffing, functions and governance. In pursuing this line of action, gender inequality will come to be history in the society because it takes a multi-pronged dimension in redressing the social problem of gender inequality In the spirit of programmatic gender mainstreaming a number of action are taken to ensure that the issue of gender inequality is solved. It is one of the means that if its action are fully implemented then the myth of masculinity will be broken, it encourage inter gender competition that is healthy, it will enable women to be respected especially in areas where gender based violence is endemic. The issue or rather concern that is of priority to solve is the inequality that is being experienced because of the myth of masculinity, which is strongly held by a number of people in the society. It’s a myth that has crippled most of the institution that has led to a number social issues that is a concern that is related with imbalanced staffing in term of gender, administrative roles are biased toward one gender because of myth of masculinity (Inglehart, 2009). In order to break this myth of masculinity there is a number of actions that were taken. First and foremost was coming up with the policies that will regulate recruitment a cross the gender. This will ensure that