Monday, August 19, 2019
Breaking of Taboo Essay -- Literacy Analysis
The Breaking of Taboo Adrienne Rich was a very critically acclaimed and widely read poet of her era. Ms. Rich was a rebellious pioneer in expressing her viewpoint through her poetry in what was considered highly taboo topics of her time, such as, politics, lesbianism, and feminism. Adrienne Rich was born on May 16, 1929 in Baltimore, Maryland .Her father was renowned pathologist at John Hopkins University, Dr. Arnold Rich, and her mother Helen Elizabeth Rich, was a concert pianist and composer. Adrienne began writing at a very early age, with the encouragement of her father. As a child she grew up reading works from her fathers extensive library from Tennyson, Keats, Arnold. Blake. Rossetti. Swinburne, Carlyle, and Patter (Booth). Adrienne attended college at A. B. Radcliffe College, and graduated in 1951. In her final year at Radcliffe, her collection, A Change of World, was selected by, W. H. Auden for the Yale Series of Younger Poets award. In 1953 Adrienne married Alfred Conrad, an economics professor at Harvard, whom she had meet while she was an undergraduate student at Harvard. During their marriage they had three children, David, Paul, and Jacob. In the mid- 60ââ¬â¢s Adrienne became very involved in Vietnam anti war protests, feminist, and civil right issues. As time went on Alfred thought she was losing her mind because of the obsession and devotion she had to these causes. This created quite a bit of tension in their marriage. In 1970 she separated from Alfred, which lead to his suicide a few months later. Richââ¬â¢s early works were very traditional and structured. Her style mirrored the poets who she read extensively as a child. As Rich progressed in her writings, her styled changed drastically. Rich took on a dialogue... ... J. Mays. The Norton Introduction to Literature. 10th. New York: W.W. Norton, 2010. 876. Print. Brown, Maressa. "6 Powerful Adrienne Rich Quotes Every Woman Should Read." The Stir, 12 Mar. 2012. Web. 19 Apr. 2012. Meredith, May. "Adrienne Rich: 1929-2012 / Feminist poet turned personal into political." San Francisco Chronicle (10/1/2007 to present) 29 Mar. 2012: A1. Newspaper Source Plus. Web. 22 Apr. 2012. Rich, Adrienne, comp. Twenty-One Love Poems. 2nd. Emeryville, Ca.: Effie's Press, 1977. Web. 19 Apr. 2012. Rich, Adrienne. Collected Early Poems 1950-1970. 1st. New York: W.W. Norton, 1993. 419. Print. Rich, Adrienne. Dark Fields of the Republic 1991-1995. New York: W.W. Norton, 1995 3. Print. Schuduel, Matt. "Adrienne Rich, feminist poet who wrote of politics and lesbian identity, dies at 82." 28 Mar. 2012, n. p. Web. 15 Apr. 2012. Breaking of Taboo Essay -- Literacy Analysis The Breaking of Taboo Adrienne Rich was a very critically acclaimed and widely read poet of her era. Ms. Rich was a rebellious pioneer in expressing her viewpoint through her poetry in what was considered highly taboo topics of her time, such as, politics, lesbianism, and feminism. Adrienne Rich was born on May 16, 1929 in Baltimore, Maryland .Her father was renowned pathologist at John Hopkins University, Dr. Arnold Rich, and her mother Helen Elizabeth Rich, was a concert pianist and composer. Adrienne began writing at a very early age, with the encouragement of her father. As a child she grew up reading works from her fathers extensive library from Tennyson, Keats, Arnold. Blake. Rossetti. Swinburne, Carlyle, and Patter (Booth). Adrienne attended college at A. B. Radcliffe College, and graduated in 1951. In her final year at Radcliffe, her collection, A Change of World, was selected by, W. H. Auden for the Yale Series of Younger Poets award. In 1953 Adrienne married Alfred Conrad, an economics professor at Harvard, whom she had meet while she was an undergraduate student at Harvard. During their marriage they had three children, David, Paul, and Jacob. In the mid- 60ââ¬â¢s Adrienne became very involved in Vietnam anti war protests, feminist, and civil right issues. As time went on Alfred thought she was losing her mind because of the obsession and devotion she had to these causes. This created quite a bit of tension in their marriage. In 1970 she separated from Alfred, which lead to his suicide a few months later. Richââ¬â¢s early works were very traditional and structured. Her style mirrored the poets who she read extensively as a child. As Rich progressed in her writings, her styled changed drastically. Rich took on a dialogue... ... J. Mays. The Norton Introduction to Literature. 10th. New York: W.W. Norton, 2010. 876. Print. Brown, Maressa. "6 Powerful Adrienne Rich Quotes Every Woman Should Read." The Stir, 12 Mar. 2012. Web. 19 Apr. 2012. Meredith, May. "Adrienne Rich: 1929-2012 / Feminist poet turned personal into political." San Francisco Chronicle (10/1/2007 to present) 29 Mar. 2012: A1. Newspaper Source Plus. Web. 22 Apr. 2012. Rich, Adrienne, comp. Twenty-One Love Poems. 2nd. Emeryville, Ca.: Effie's Press, 1977. Web. 19 Apr. 2012. Rich, Adrienne. Collected Early Poems 1950-1970. 1st. New York: W.W. Norton, 1993. 419. Print. Rich, Adrienne. Dark Fields of the Republic 1991-1995. New York: W.W. Norton, 1995 3. Print. Schuduel, Matt. "Adrienne Rich, feminist poet who wrote of politics and lesbian identity, dies at 82." 28 Mar. 2012, n. p. Web. 15 Apr. 2012.
Sunday, August 18, 2019
Alcohol Essay -- essays research papers fc
1. What is alcoholism? 2. How do people become alcoholics? 3. What are the effects of alcoholism, on both the alcoholic and their family? 4. How do you diagnose alcoholism? 5. Is there a cure for alcoholics? 6. What is the treatment? What is Alcoholism? Alcoholism can be defined as the dependency on alcohol; addiction to alcohol. It is a chronic disease, this disease called alcoholism is progressive and potentially fatal. ââ¬Å" In 1966 the American Medical Association (AMA) declared Alcoholism a disease, but it is still judged morally by societyâ⬠said Father Martin. There are different types of alcoholics, the first type of alcoholic is the everyday drinker. These alcoholics drink on a daily basis with a high dependency on alcohol. A second type is the weekend alcoholics, they drink on weekends, usually to excess. Finally, the third type is the binge drinker. This is a person who drinks heavily on occasion. Probably the most dangerous type of alcoholism, because they are most likely to die of alcohol poisoning. How do people become alcoholics? Alcoholics donââ¬â¢t know how they became alcoholics. Some say it is genetic on the stress gene, triggered by psychological or social stress. While others say it is a learned maladaptive coping behavior. Studies have shown that alcoholism may be genetic. If alcoholism is genetic it would be indirect. it would be related to the stress gene. This means that stress would set off a trigger that makes alcohol a want to the person. If alcoholism is learned behavior it means that drinking is a bad coping skill, most likely learned through an alcoholic parent. What are the effects of alcoholism, on both the alcoholic and their family? Alcohol has terrible effects on health, family and work. The effects of alcohol on the body are cirrhosis of the liver, loss of brain cells, stomach cancer, depression, tremors and blackouts. An alcoholic in the family causes many disruptions to the members of the family. They start argum ents and fights by not functioning or being drunk. They either do not attend family gatherings or disrupt them. Some alcoholics can be abusive to other family members. A lot of alcoholic families find themselves in financial trouble, caused by the alcoholic using most of the money to buy alcohol. Kids of an alcoholic suffer the most, listening to arguments and being the blame of their parents drinking, making the ... ...very A.A. group ought to be self-supporting, declining outside contributions.â⬠Tradition Eight: ââ¬Å" Alcoholics Anonymous should remain forever non-professional, but our service centers may employ special workers.â⬠Tradition Nine: ââ¬Å" A.A., as such, ought never be organized; but we create service boards or committees directly responsible to those they serve.â⬠Tradition Ten: ââ¬Å" Alcoholics Anonymous has no opinion on outside issues; hence the A.A. name ought never be drawn into public controversy.â⬠Tradition Eleven: ââ¬Å" Our public relations policy is based on attraction rather than promotion; we need always maintain personal anonymity at the level of press, radio, and films.â⬠Tradition Twelve: ââ¬Å" Anonymity is the spiritual foundation of all our traditions, ever reminding us to place principles before personalities.â⬠Bibliography Work Cited Silverstein, Herma. Alcoholism. New York: Franklin Watts, 1990 Wekesser, Carol. Alcoholism. San Diego: Greenhaven Press Inc., 1994 Twelve Steps and Twelve Traditions. New York: Alcoholics Anonymous World Services Inc., 1995 ââ¬Å" Alcohol and Alcoholism.â⬠The Encyclopedia of Psychoactive Drugs. New York: Chelsea House Publishers, 1986 Word Count: 1414 Alcohol Essay -- essays research papers fc 1. What is alcoholism? 2. How do people become alcoholics? 3. What are the effects of alcoholism, on both the alcoholic and their family? 4. How do you diagnose alcoholism? 5. Is there a cure for alcoholics? 6. What is the treatment? What is Alcoholism? Alcoholism can be defined as the dependency on alcohol; addiction to alcohol. It is a chronic disease, this disease called alcoholism is progressive and potentially fatal. ââ¬Å" In 1966 the American Medical Association (AMA) declared Alcoholism a disease, but it is still judged morally by societyâ⬠said Father Martin. There are different types of alcoholics, the first type of alcoholic is the everyday drinker. These alcoholics drink on a daily basis with a high dependency on alcohol. A second type is the weekend alcoholics, they drink on weekends, usually to excess. Finally, the third type is the binge drinker. This is a person who drinks heavily on occasion. Probably the most dangerous type of alcoholism, because they are most likely to die of alcohol poisoning. How do people become alcoholics? Alcoholics donââ¬â¢t know how they became alcoholics. Some say it is genetic on the stress gene, triggered by psychological or social stress. While others say it is a learned maladaptive coping behavior. Studies have shown that alcoholism may be genetic. If alcoholism is genetic it would be indirect. it would be related to the stress gene. This means that stress would set off a trigger that makes alcohol a want to the person. If alcoholism is learned behavior it means that drinking is a bad coping skill, most likely learned through an alcoholic parent. What are the effects of alcoholism, on both the alcoholic and their family? Alcohol has terrible effects on health, family and work. The effects of alcohol on the body are cirrhosis of the liver, loss of brain cells, stomach cancer, depression, tremors and blackouts. An alcoholic in the family causes many disruptions to the members of the family. They start argum ents and fights by not functioning or being drunk. They either do not attend family gatherings or disrupt them. Some alcoholics can be abusive to other family members. A lot of alcoholic families find themselves in financial trouble, caused by the alcoholic using most of the money to buy alcohol. Kids of an alcoholic suffer the most, listening to arguments and being the blame of their parents drinking, making the ... ...very A.A. group ought to be self-supporting, declining outside contributions.â⬠Tradition Eight: ââ¬Å" Alcoholics Anonymous should remain forever non-professional, but our service centers may employ special workers.â⬠Tradition Nine: ââ¬Å" A.A., as such, ought never be organized; but we create service boards or committees directly responsible to those they serve.â⬠Tradition Ten: ââ¬Å" Alcoholics Anonymous has no opinion on outside issues; hence the A.A. name ought never be drawn into public controversy.â⬠Tradition Eleven: ââ¬Å" Our public relations policy is based on attraction rather than promotion; we need always maintain personal anonymity at the level of press, radio, and films.â⬠Tradition Twelve: ââ¬Å" Anonymity is the spiritual foundation of all our traditions, ever reminding us to place principles before personalities.â⬠Bibliography Work Cited Silverstein, Herma. Alcoholism. New York: Franklin Watts, 1990 Wekesser, Carol. Alcoholism. San Diego: Greenhaven Press Inc., 1994 Twelve Steps and Twelve Traditions. New York: Alcoholics Anonymous World Services Inc., 1995 ââ¬Å" Alcohol and Alcoholism.â⬠The Encyclopedia of Psychoactive Drugs. New York: Chelsea House Publishers, 1986 Word Count: 1414
Saturday, August 17, 2019
Nutrition/Diet Therapy Project
Health is an important aspect for the people as this manifests as the foundation of their lives and welfare. Ideally, good health can be maintained through adhering to a strict discipline and a physically nurturing lifestyle. Having proper nutrition, adequate rest, regular exercise and avoidance from vices can lead to a healthy personal development bringing forth longer with a pleasant condition. Among the three approaches to a healthy living, the aspect of diet and nutrition commonly manifests as the most influential factor as this can significantly affect the general development of the physical body. Healthy body condition can be maintained through adhering through a proper diet even the prevention and resistance to many health ailments such as heart diseases. Indeed, heart diseases are serious problems which must be given sufficient attention as they are mostly life-threatening. One common approach for reducing treatment ad prevention of heart diseases is adhering to a proper diet and nutrition therapy. Nutrition is mainly taken through eating and drinking. The body extracts the needed vitamins and minerals from the food and water taken in to properly maintain the basic processes vital for a healthy living. In the aspect of treating or preventing heart diseases, the value of the foods taken in terms of vitamins and minerals play much significance. Naturally, the origin of heart disease also has other factors such as hereditary as determined from the history of the family lineage. For cases wherein a person indeed has history of heart disease cases running down his or her family, the value of the dietary nutrition can have preventive effects to the probability of the development of heart ailments for the said individual. To further elaborate the significance of the said health recommendation, an actual study health study will be implemented wherein the author of this paper will establish a personal dietary recommendation in relation to his health information. As this author has determined, a significance percentage of heart disease has to be considered, as the problem is present in the family history. As gathered through intrinsic research, the risk factor is associated with the case of the subjectââ¬â¢s father dying from a heart attack, which is likely due to high cholesterol level similar to the case of the subjectââ¬â¢s grandfather. Considering the present health status of the subject, there is still no sign of heart disease symptoms and the cholesterol is still regular within the normal level. From these informations, it can be ruled that heart disease in terms of hereditary and congenital nature however, a consideration for precaution is still necessary. Thus, this dietary recommendation project will be significantly focused on the development of preventive approach and maintenance of healthy condition. In preventing heart disease ailments, it is important to consider the nutritional value of the diet being taken by the subject. In this project, three particular diet elements are highly recommended namely: emphasize on fruits, vegetables, whole-grains, and fat-free or low-fat milk and milk products inclusion of lean meats, poultry, fish, beans, eggs and nuts on the regular diet and reduction in saturated fats, cholesterol, sodium and, added sugars. A strict adhesion to these three diet factors is important in the aspect of preventing health ailments as their nutritional benefits are incremental thus aiding the proper development of the body. The health values gain from this diet works mainly in two ways namely first through promoting the development of the bodyââ¬â¢s health and natural defenses, and second through reducing the likely diet causes of heart problems. It must be noted that cases of high cholesterol level are present in the family background and the likely contributor to the development of the heart problem of the subjectââ¬â¢s father, thus, it must this diet recommendation project wishes to emphasize the elimination of this factor. This health diet project has also considered the said factor through eliminating the food sources of cholesterol. Reduction of cholesterol is addressed through eliminating saturated fats on the diet and focusing more on fruits, vegetables, grains, wheat, and other. Indeed, this diet recommendation eliminates the risk factor determined from family history and promotes the development of a healthy lifestyle for the subject. To better realize the effect of the recommendations of the mentioned diet project, it is also important to adhere to a healthy lifestyle particularly regular exercise and sufficient rest. In this project, an emphasis on cardiovascular exercises on a regular basis is recommended namely the basic jogging, simple stretching, and brisk walking. This form of exercises develops the capacity and healthy condition of the circulatory system particularly the heart, lung, and blood vessels. In addition, these exercises also promote proper waste removal from the body through perspiration and the maintenance of the cholesterol level. These exercises must be done at maximum of thrice a week for maintenance purposes. As additional recommendations, exercise done with mechanical assistance such as treadmill and tension bikes is also recommended but not necessary as these will require additional expense for the project. Having sufficient rest periods is also important in this health project. Insufficient rest can reduce the capacity and health of the muscles in the body and this effect has detrimental consequences mainly on the heart organ. Thus, to maintain the benefits from the food recommendations and exercise, proper rest periods ranging within 8 to 10 hours must also be given consideration. In general, this diet recommendation project is not solely focused on heart diseases as the benefits in this program can also address other health problems. It is a general emphasis on this program to develop a strong and healthy body for its subject through maintaining a proper healthy lifestyle. By adhering to a nutritious and healthy diet, a regular exercise, and adequate sleep program, the subject can easily improve his or her physical well-being and natural defenses, enabling the subject to prevent numerous health problems particularly heart diseases. Indeed, in the approach of preventing health problems, the primary approach for this aspect is to develop a strong body through a healthy lifestyle throughout his or her life. Bibliography Lee, Dennis & Stoppler, Melissa Conrad (2007). Disease Prevention Through Diet and Nutrition. MedicineNet, Inc. http://www.medicinenet.com/prevention/article.htm. September 7, 2007. Medical Update (1993). Take heart ââ¬â and save it, too! (preventing heart disease with healthy diet). Benjamin Franklin Literary & Medical Society, Inc. Vol 17, Page 2. Mirkin, Gabe (2003).The Healthy Heart Miracle: Your Roadmap to Lifelong Health. Collins Publication. 1st Edition. ISBN-10: 0060196807
Friday, August 16, 2019
Eriksonââ¬â¢s Development Stage Essay
During adolescence, peer groups often become the most dominant socialization force next to family. Teens need the sense of membership and belonging and they can find it when they are with their peers. With a particular group, they learn to have satisfying relationships with others and more importantly they develop their self-identity.[1] However, there are also some negative aspects of being in peer groups. Being closely attached to the group might cause them a lot of stress especially if they could not handle it well or if they are misguided. In general, the peer pressure on male teens relate to qualities that are traditionally masculine. For females, they tend to become more concerned with being popular and also with the physical appearance. These norms may create conflict between peer (people usually of same age, which they consider as friends) and parental messages resulting to further confusion and stress.[2] Most adolescents find it hard to decide whether they follow their parents or their friends. à à à à à à à à à à à The psychological issues of adolescence are described in the fifth stage of the Eriksonââ¬â¢s Development Stage. This is the stage of identity versus role confusion wherein teens try to integrate roles (child, sibling, student, athlete, worker) into a self-image under role model and peer pressure.[3] à à à à à à à à à à à The most important stage in Eriksonââ¬â¢s is the stage five ââ¬â the stage of adolescence. This is the stage when questions like ââ¬ËWho am I?ââ¬â¢, ââ¬ËWhat are my values?ââ¬â¢, and ââ¬ËWhat is my identity?ââ¬â¢ start to came out. This appears as form practice in the decision-making. This is also the stage where values have to be chosen, beliefs understood and the ââ¬Ëselfââ¬â¢ explored. If values are imposed rather than chosen by the child himself/herself, they are not internalized and there is a lack of meaning in later life.[4] During the period, when guided properly teens can fully take advantage of making all the positive choices they could have. Taking the right choices during this period creates a foundation of how great a man/woman he/she can be in the future. The decisions made during adolescent years affect lots of great things that would happen in the future. References: Meares, Paula A. and Constance Hoenk Shapiro. (1989). Adolescent Sexuality: New Challenges for Social Work. New York: Haworth Press. Patient Teaching, Loose Leaf Library Springhouse Corporation. (1990). Eriksonââ¬â¢s à Development Stages. Retrieved April 02, 2008 from http://honolulu.hawaii.edu/ intranet/committees/FacDevCom/guidebk/teachtip/erikson.htm. Ramkumar, Suchitra. (July 2002). Krishnamurti Foundation India. ââ¬Å"Erik Eriksonââ¬â¢s Theory of Development: A Teacherââ¬â¢s Observationsâ⬠. Journal of the Krishnamurti Schools. Retrieved April 02, 2008 from http://www.journal.kfionline.org/article.asp? issue=6&article=12, Accessed 02 April 2008. [1] Paula Allen-Meares, Constance Hoenk Shapiro, ââ¬Å"Adolescent Sexuality: New Challenges for Social Workâ⬠, (New York: Haworth Press, 1989), 32. [2] Ibid, 33. [3] Patient Teaching, Loose Leaf Library Springhouse Corporation., ââ¬Å"Eriksonââ¬â¢s à Development Stagesâ⬠, http://honolulu.hawaii.edu/intranet/committees/FacDevCom/guidebk/teachtip/erikson.htm, Accessed 02 Aprilà 2008. [4] Ramkumar, Suchitra, ââ¬Å"Erik Eriksonââ¬â¢s Theory of Development: A Teacherââ¬â¢s Observationsâ⬠, Journal of the Krishnamurti Schools, http://www.journal.kfionline.org/article.asp?issue=6&article=12, Accessed 02 April 2008.
Thursday, August 15, 2019
Affirmative Action: a Losing Battle Essay
1.Yes. Affirmative action is aimed at addressing the imbalances of the past. It is sanctioned and required by the constitutional requirement to achieve substantive or real equality. There is a moral imperative on all South Africans to work towards the achievement of a more equitable society. Racial discrimination, in contrast, has no rational and objective premise and simply appeals to the basest of human instincts. It is in the best interests of society to promote the general well-being of as many of its citizens as possible. A healthy, well-educated, well-adjusted citizen contributes to both the wealth and the stability of the society. 2.The United States of America used Affirmative Action to promote racial preference through the implementation of various acts from 1862 to 1930 to address the issues of inequality. 3.South Africa is a country with a huge imbalance between the rich and poor created by the previous apartheid and racial laws to discriminate against Blacks, Coloureds and Indians in education and employment opportunities. In order to balance these inequalities, the South African government had to implement Affirmative Action policies like Employment Equity Act, for example, to address the huge gap created in employment opportunities. The policy is justifiable in that it is aimed at creating a just and equitable society. On moral grounds, the government of this country has a responsibility to make a good-faith effort to remedy the effects of past discrimination. 4.For as long as these inequalities exist, the policy cannot be discontinued because of the legacy that existed for a long time. It will take a long time before the different racial groups could fully participate in all areas of the economy. 5.This question is not clearâ⬠¦. Please check with facilitator. SECTION B: PARAGRAPHS 1.Cultivating equal opportunity society has helped countries such as South Africa and America to move forward. Yes. The cultivating an equal opportunity society have helped country such as South Africa move bit forward since the Government policies have design to address the often interrelated problem of inequality, poverty and unemployment. Government initiatives on equal opportunity society have included the growth employment and redistribution programme, the reconstruction and development programme, the broad-based black economic employment policy and the land reform strategy. The fiscal policy leg of economic policy becomes increasingly important when government aims to address the problem of inequality by trying to redistribute gains from economic growth. One of the policies that the government has implemented quite successfully is the provision of social grant and it has serve as a main source of income for aged and disabled people. Equal opportunities in South Africa is a pressing concern, it has a complex relationship with economic growth, poverty and race though South Africa economy is witnessing a positive growth and poverty is showing a declining trend surely equal opportunities for has shown change in South Africa. After the equal opportunities society has been put in place has given every person freedom, secure and equal where every one has to improve the quality of his life and pursue their dreams and in which every language and culture has equal respect and recognition. South Africa became one nation with one future, living together under the constitution in peace, security and prosperity with opportunities and recognition for the entire rainbow nation after the implementation of equal opportunities society. And also United States America society has became both more and less equal in recent decades; following the civil rights revolution of the 1950ââ¬â¢s and 1960ââ¬â¢s racial segregation and exclusion were no longer legal orâ⬠¦
Economics Exchange Rates Commentary Essay
NEW YORK (Dow Jones)ââ¬âThe dollar continued its slide Wednesday, touching its lowest level in 12 months against the euro and flagging against the yen as rising equities battered the greenback yet again. The dollar has lost key legs of support over the past two weeks as encouraging global economic data has led investors to assume more risk and buy higher-yielding assets. With the recession receding and financial markets in recovery, investors have become more confident thereââ¬â¢s no longer a need to hold their money in a safe-harbor currency like the dollar. Because of the Federal Reserveââ¬â¢s need to stimulate the economy, the dollarââ¬â¢s ultra-low interest rates have made it the lowest-yielding major currency. The cost of borrowing U.S. dollars in the London interbank market continued its slide Wednesday. The key three-month London interbank offered rate marked its lowest level since the British Bankersââ¬â¢ Association first introduced its Libor fixings in 1986. The dollar hit its lowest level against the common currency since September 2008 in New York afternoon trading, with the euro touching a 12-month high at $1.4738. If the euro is able to sustain levels above $1.4720, a key technical level, it could be on a march to $1.50, said Carl Forcheski, vice president for foreign exchange at Societe Generale in New York. The dollarââ¬â¢s losses were broad, sinking to new 13-month lows against the Australian and New Zealand dollars as well as lows for 2009 versus other widely traded counterparts. The U.K. pound also piggy-backed off the euroââ¬â¢s gains to advance on the dollar. The yen had been the so-called ââ¬Å"carry tradeâ⬠currency of choice, but with U.S. interest rates expected to remain feeble until 2010, analysts anticipate the dollar to continue funding riskier bets. A carry trade involves buying a lower-yielding currency to fund purchases of higher-yielding assets. The dollar was also burdened Wednesday by comments from Japanââ¬â¢s incoming finance minister, Hirohisa Fujii, who said he saw no need to intervene in currency markets to weaken the yen. In the past, the dollar had received support from the belief that Japan would intervene to prevent unwanted appreciation of its currency. ââ¬Å"Thereââ¬â¢s no change in my thinkingâ⬠that itââ¬â¢s not the time to consider foreign-exchange intervention, Fujii said at a news conference. Though he wouldnââ¬â¢t rule out intervention in what he termed ââ¬Å"really abnormal situations,â⬠Fujii said ââ¬Å"the idea that the yen should be cheaper for the sake of [Japanââ¬â¢s] exporters is wrong.â⬠Wednesday afternoon in New York, the euro was at $1.4729 from $1.4667 late Tuesday, according to EBS via CQG. The dollar was at Y90.78 from Y91.06. The euro was at Y133.72 from Y133.60. The U.K. pound was at $1.6506 from $1.6495, while the dollar was at CHF1.0306 from CHF1.0340. U.S. economic data released Wednesday, including as-expected August consumer price index and better-than-expected industrial production numbers, pointed to a continuing recovery, leading stocks to rally. The Dow Jones Industrial Average rose 108 points, lending support to the euro and other high-yielders. The dollar looks likely to continue its broad-based slide through the rest of the year, analysts said. As long as the buck doesnââ¬â¢t fall too far too fast, dollar weakness is expected in a time of loose monetary policy, said Adnan Akant, a currency specialist at money manager Fischer Francis Trees & Watts, a New York unit of BNP Paribas. Right now, the euro and other higher-yielding currencies are reaping the benefits of a global economic turnaround and stock market rallies, but within the next 12 months, the dollar should start benefitting from a recovering U.S. economy, said Wells Fargo analysts. The Canadian dollar ended higher near its strongest levels of the day Wednesday, reflecting another sustained flight into riskier assets like stocks and commodities at the expense of the slumping U.S. dollar. The U.S. dollar was trading at C$1.0666 late afternoon, from C$1.0721 late Tuesday. Strong gains for oil, gold and other commodities as well as rising North American equity markets underpinned the Canadian dollarââ¬â¢s gains, although the currency again failed to mount a serious challenge of its year-to-date high at C$1.0639, achieved in early August. Commentary The article refers to a depreciation of the dollar against major currencies due to ââ¬Å"ultra-low interest ratesâ⬠and increased risk by investors. The Federal Reserve has been cutting interest rates in an attempt to boost aggregate demand and stimulate the economy. High interest rates in an economy generally encourage investment in that currency as the value of the investment will increase over time. Currently US interest rates set by the Federal Reserve are around 0.25% compared to the European Central Bankââ¬â¢s 1%. Because of this, investors have switched to higher yielding currencies, such as the Euro, and to a lesser extent the Pound, causing a fall in the Dollarââ¬â¢s exchange rate. This is shown in Diagram 1. As the diagram shows, a right shift in the supply of the Dollar leads to a fall in its price relative to the Euro. In addition, the aforementioned cutting of interest rates is an expansionary monetary policy used to manipulate aggregate demand. The trade off of this policy is increased inflation. A high rate of inflation might further decrease investment in Dollar assets as the real value of the investment would decrease over time. During times of economic crisis, investors tend to invest in low risk assets such as generally strong currencies like the dollar. However with signs that the global economy is exiting the recession and in recovery, not only does the demand for safe-harbor currencies like the dollar decrease, but there is an increased demand for high risk investment due to bullish speculation. In addition, some consumers, firms, or foreign central banks might believe that despite the improving economic situation, the Dollar will continue to fall as the article mentions and sell dollar assets. This bearish speculation would further increase the supply of the dollar and perhaps lead to self-fulfilling prophecy. As shown above, the combination of the three factors leads to a sharp fall in the exchange rate. As previously mentioned, this depreciation could cause a self-fulfilling prophecy in which the initial bearish speculation leads to depreciation, which in turn causes more bearish speculation causing the exchange rate to enter a downward spiral. Initially, the Federal Reserve might not intervene but if the depreciation continued, it would be forced to buy back Dollars to counteract the increases in supply. This would slow the depreciation, discouraging people from selling dollars. It might even create bearish speculation as some might assume the dollar market will bottom out and start to appreciate. The depreciation of the Dollar should benefit the US economy by means of an improved current account deficit. Initially, the deficit will worsen as the demand for imports and exports is inelastic in the short run, but eventually the current account balance will improve as US exports become more competitive. US export revenue will increase while expenditure will fall. This improved current account situation will boost AD leading to economic growth. This is shown below in Diagram 3. Diagram 3 However, as the diagram shows, in the long run, there will be the trade off of inflation as AD rises. This might encourage Federal Reserve to strengthen the Dollar to reduce imported cost-push inflation. In addition, the increased demand for US exports will increase the demand for the Dollar causing appreciation. Foreign nations might eventually implement import controls such as tariffs on US goods in order to preserve their own current account balances. Eventually, the Dollar should regain its status as a high-yielding currency ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â [ 1 ]. The value of one currency expressed in term of another [ 2 ]. A period in a business cycle following a recession, during which the GDP rises. [ 3]. Believing that a particular security, a sector, or the overall market is about to rise [ 4 ]. Revenue from the exports of goods and services and income flows is less than the expenditure on the import of goods and services and income flows in a given year
Wednesday, August 14, 2019
A Room With A View and Its Relevance to the Edwardian Era
Paper proposal on the view and the room with relevance to that Edwardian era The Edwardian era in the UK is a period of sexual politics, unconscious obviousness, tension between social security and individual freedom, and against God and religion It was an era of shaking. Uncertain belief Edwardian era has sometimes called golden age, and high-class parties and high fashion are also concerns of everyone. First impressions and procedures are very important, they are more important than freedom of speech and expression. The first decade of the twentieth century was ten years of the reign of Edward VII. This era is known as the World Book Encyclopedia (59). This is the era of King King Edward named after him. The Edward era was the beginning of the 20th century and caused various predictions about how this century celebrated the beginning of the true golden era, Richard Washington said. This era is known as the hottest era in our world history (www.geocites.com). Edward VII and other Ed ward VII have also helped to achieve this goal. When Queen Victoria died in 1901, it meant the end of the Victorian era. The next era was called the Edwardian era and was named after King Edward who took over her mother. King Edward died in 1910, but the Edwardian era often extended to the beginning of the First World War of 1914, and in some cases even extended until the end of the war in 1918. This era is often called the modern era and in the UK it was named the then modern era. This modernization is the continuation of the Victorian era, many of which began. For London, the modern era seems to be more calm than the chaotic Victorian era. The invention and change of the 19th century seems to have settled in the first 20 years of the 20th century. In British history, the Victorian era was the reign of Queen Victoria, she died from June 20, 1837 to January 22, 1901. This era was the first part of the beautiful era of the continent of Europe, after the Georgian era and before the Ed wardian era. Regarding moral sensitivity and political reform, this period began with the adoption of Reform Act in 1832. There is a strong religious motivation for the ethical standards of churches that are outrageous, such as Methodist and leaders of evangelical churches in established churches. In addition to the England Crimean War, Britain has established a relatively peaceful relationship with other major powers, and Pax Britannica is maintained by the naval supremacy and industrial hegemony of that country. The UK has started to expand the world empire, especially in Asia and Africa. This made the British Empire the greatest empire in history. Nationwide confidence peaks
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