Financial Crisis Of 2007-2008 What Regulatory Change Is...

In the wake of the Financial Crisis of 2007-2008, what regulatory change is advisable? Wenna Yang Mount Holyoke College The 2008 financial crisis should not be the last one readers will experience, but this paper would like to present a picture of how it unfolded and where went wrong, so that hopefully we can learn from it. This paper will address some post-crisis regulations and why regulators responded this way. It concludes that the key is to carry out reforms addressing the moral hazard issue deeply in our current financial system. Why can’t existent policies and regulations prevent next financial crisis from happening? To answer this question let’s first briefly review how the 2008 financial crisis unfolded. The†¦show more content†¦Now not only middle class could afford larger houses, but thanks to Fannie Mae and Freddie Mac, 69% of Americans had home by 2006. This is exciting if the story stops just here. Unfortunately it didn’t. Banks and Government Sponsored Enterprises spotted a money machine for themselves—securitizing these mortgages. They went ahead to purchase these mortgages, package them and then resell them to Structured Investment Vehicles (SIVs). SIVs, using mortgages as collateral, made products named Collateralized Debt Obligations, and CDO squares. They then sliced CDOs into credit tranches based on the level of credit risk. By doing so, SIVs and GSEs successfully transfer the credit risks to capital market investors, which would later be considered too big to fail and let the tax payers bear the consequences of the these people’s gambling. I’ll elaborate later why a ban on securitizing would not solve the problem mainly because as long as the gamblers can pass on risks to next person, they don’t bear the risks themselves. They would be motivated to lever and make risky investment for prof its no matter in the form of securitizing or others. Housing prices stopped rising in 2007. One of the ramifications was that those who rely on re-financing to pay off their previous loans were not able to re-finance any more. People started to default. This entailed big uncertainty the financial market mainly because it became an impossible task to

Do Video Games Create Violence - 1760 Words

The global issue that will be discussed will be is â€Å"Do video games create violence in society.† Video games are a significant part of many young people’s lives. With an exceptional number of people in the status quo playing video games, it has raised the question whether or not video games do in fact incite violence within societies or is it just a coincidence? Throughout this paper, we will explore possible factors that contribute to whether video games do or do not create violence in society. We will explore this issue through different perspectives to get an overall view on the issue to find a solution. Legally speaking, video games have been limited to those of certain age groups depending on the age of the consumer. Ratings from E to†¦show more content†¦Several states, including California, Georgia, Illinois, Louisiana, Maryland, Michigan, Minnesota, Oklahoma, and Washington, have passed laws regulating the sale of violent or sexually explicit video games (Barrett, 2008). This shows that states are trying to prevent youngsters from buying rated M games. But attempts to stop it completely show that it could not do so because of a few reasons which include: unnecessarily impeded a parent s rights to make decisions about his or her child, was unenforceable, and also was not inclusive enough (Rowland, 2001). Also, stated, is that there was no evidence to pass legislation regarding ‘violent’ video games because no evidence presented violent behavior in children. The lack of direct evidence that connected â€Å"point and shoot† video games to violent behavior (Rowland, 2001). Also sales of video games compared to youth violence (serious violent crime) shows that while the sales of violent video games has gone up, youth violence has gone down (Adam Thierer, 2009). Relating social media and violence created by video games can be shown as a way to let out stress or to communicate with the community about what games a re trending or not. Young people are always going to be on social media whether they like it or not. The youtube community allows for people of all ages to interact, bringing into question whether video games incite violence or rather bring people together throughShow MoreRelatedVideo Games And Youth Violence1181 Words   |  5 Pagespast few centuries,video games have become a great leisure and hobby among kids of all ages and cultures. With the advancement of technology, video games have advanced highly in its realism and genres. This high type of advancement brought the video game industry to a multi-billion dollar industry. However, with realism, comes negative effects as well. Ever since the creation of violent or â€Å"mature† video games, there has been a constant debate on whether it will increase violence in the player. AlthoughRead MoreDo Violent Video Games Make People More Violent?1277 Words   |  6 PagesDo Violent Video Games Make People More Violent in Real Life? The American Psychological Association reports that more than 90% of children in the United States play video games.Among kids between the ages of 12 and 17, the number rises to 97%. The psychological group also reported that 85% or more of video games on the market contain some form of violence (Do Video Games Lead to Violence). A video game may be considered violent if it contains â€Å"violent† language, gore/blood, and crime. Video gamesRead MoreVideo Games Are Not Responsible For Creating Social And Emotional Problems1711 Words   |  7 Pagessubjects, and there are heavy debates about them. One of these debatable subjects is video games. Video games have been an issue for a long time now. Do they or do they not create social and/or emotional problems? Personally, I think that video games are a really big issue. Video games create social and emotional problems, leading to a significant rise in violence among children and adults. Others argue that video games are not res ponsible for creating social or emotional problems and can instead helpRead MoreThe Unknown Effects of Video Games on Teens928 Words   |  4 Pagesbeen quite a bit of controversy between what the real effect video games are having on teenagers. Although everybody swings one way or another, most can agree that albeit video games may or may not be bad, the overuse of these games, can be and is a major problem in the world. Many believe that video games have an exponentially negative effect on teenagers. Many believe that video games desensitize players. In a 2005 study, violent video game exposure has been linked to reduced P300 amplitudes in theRead More Video Games Violence Essay1580 Words   |  7 Pageschild has played video games once in their lives. There are various genres and types of video games such as action, first person shooters, adventure, education, role-playing, strategy, and many more. 89% of video games contain some violent content (Slife, 2008). The most addictiv e, common, and popular video games among children are the violent video games (Slife, 2008). A lot of video games these days depict â€Å"real-life violence† meaning that the settings and plots of these video games are taken fromRead MoreViolent Video Games And Violence1203 Words   |  5 PagesAre violent video games directly correlated to teen violence? This is the burning question many researchers are dedicated to answering. The common form of the question is â€Å"Is the increase in violence in games creating killer kids?† The simple answer is no. Instead the opposite has occurred, as games became more violent, the players became calmer. The games create a â€Å"safe† outlet for any anger or angst that young people possess. Crime rates in the teen population have lowered and violent teens admitRead MoreViolent Video Games And Television1485 Words   |  6 Pagessubcultures, use of pharmaceutical antidepressants, and violence in video games and television. The two students were said to play and watch countless hours of violent video games and television and that was known to be a major cause for this catastrophic event. Therefore, the issue over violent video games and television should be regulated or restricted to children and especially to teenagers. One of the many reasons violent video games and television should either be restricted or regulated carefullyRead MoreViolent Video Games Have Blamed For School Shootings1254 Words   |  6 Pagesthat video games influence is motive to the killings because â€Å"he was so enormously isolated† that he would shut â€Å"himself in the bedroom and play violent video games all day† (Smith). He would create videos depicting gunshot suicides and pictures of himself pointing guns at his own head like he had seen in videos games. The violent video games had deeply brainwashed his mind making Americans believe that violent video games are a factor in contributing violence in people. Violent video games haveRead MoreViolent Video Games Lead to Violence Essay1175 Words   |  5 Pagesincluding the intenseness of violent video games, are affecting the violence among America’s youth, while others don’t see this as an issue at all. A study done in 2004, Factors Correlated with Violent Video Games Use by Adolescent Boys and Girls, reported that boys in grades seventh and eighth played violent video games to either release their anger or help them relax. According to the suggestion that video games act as a stress reliever, violence in video games should not be blamed for violent behaviorRead MoreNegative Effects Of Violent Video Games712 Words   |  3 PagesHave you heard? Many people are debating whether or not Violent Video Games cause kids to be aggressive and violent. While others, like myself agree violent video games aren’t the problem of violence, real-life violence is. And therefore, you should to why, because Violent Video games allow kids especially boys to let out anger and relax themselves from emotions. It also helps entertain kids. And creates less real-world aggression. Kids already know the difference between virtual and reality by

We Have a Dream to Change the World free essay sample

Although I was taught that these women were a huge importance to the community, in Africa, men are still considered dominant. Women are inadequately served when it comes to education, health and even legal rights. One of the main reasons why these countries are still struggling economically is due to the lack of importance on educating women. These women have the power to create great change for these third world countries, so in order to reduce gender inequality and build the soci-economic status of these third world countries; we must promote the evolution of women empowerment. Education for girls, mostly in third world countries, has been extremely hard to access. A conference known as the Beijing conference held in 1995 had a strong concern for the female child. They took statistics from 1990 where 130 million children worldwide had no access to primary education, 81 million of which were girls. An even higher number of girls had no access to secondary education. We will write a custom essay sample on We Have a Dream to Change the World or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page The UN then realized that they needed to one; â€Å"increase girls’ access to both primary and secondary education,† two; â€Å"alter representations of women and girls in the curriculum† and three; â€Å"increase the number of female teachers worldwide† (United Nations). By realizing this, they have also unknowingly brought up the realization that gender equality and economic development go hand-in-hand. In the poorest countries only 5. 4% of adult women have some sort of secondary education compared to 14. 6% of adult males, where as the richer countries 50. 8% of women and 57. % of males. When we compare the poorer countries to the richer countries with how many women have secondary education, we can be inclined to think that these countries are more developed because of the high percentage of educated women. Blocking these women from participation in educational activities can adversely affect the whole society and country, in a negative way. Health ca re for women in third world countries is even harder to come by. I learned that female circumcision, which is the cutting off of the clitoris, in Africa is mandatory, even though illegal. Female circumcision was created by men and is still practiced today with razors, knives, glass and even sharp rocks. They do it in unsanitary places, like behind bushes so the police do not catch them. The reason why women are forced into doing this is so that sex no longer pleasurable, so in return the women will not cheat on their husbands. The lack of training in these surgeries, the use of unsterile and unsuitable equipment, and the fact that the girl may struggle during surgery, all suggest that it is difficult to be precise and safe in an excision, which can then cause birth complications and other infections. But because this ritual is illegal, when these infections happen it is unlikely the women will be allowed to visit a hospital to receive treatment and medicine. Thus resulting in the dominance of male’s thoughts over females. Legal rights for women in Africa almost do not even exist. Forced/arranged marriages are a huge part of African culture. If a man finds a specific woman attractive or is aware that her family is wealthy, he will proceed to tell his parents who will than plan it with the families or guardians of the woman concerned. In arranged marriages women are treated as things or possessions. They are traded for money, food, animals and even property. Females do not have a say when it comes to arranged marriages, they are forced to marry for the well being of the family, instead of for love. Most women in Africa are not even allowed to get jobs to help out with the families’ income. They are forced to take care of the children, walk around 4 kilometers to the nearest water source, cook, clean etc. Although females do most of the work for the family, they are still considered inferior to males. Education, health and legal rights are things that women do not have much access to in Africa. Women have been discriminated against and thought less of by men for centuries. They are being denied the right to education at a time when these women have the potential to transform their lives and the world around them, so in order for third world countries to rise economically gender inequality must diminish.

Macbeth And Metaphysics Essays - Characters In Macbeth,

Macbeth And Metaphysics The Three witches in the tragedy Macbeth are introduced right at the beginning of the play. They tell Macbeth three prophesies, he will be Thane of Cawdor, Thane of Glams and King. These prophesies introduce him to ideas of greatness. Macbeth will eventually follow through on killing king Duncan. This brings into the play, idea of fate and the role with which it has in the play. The witches could foretell the future, they can add temptation, and influence Macbeth, but they can not control his destiny. Macbeth creates his own anguish when he is driven by his own sense of guilt. This causes him to become insecure as to the reasons for his actions which in turn causes him to commit more murders. The witches offer great temptation, but it is in the end, each individuals' decision to fall for the appeal, or to be strong enough to resist their captivation. The witches are only responsible for the introduction of these ideas and for further forming ideas in Macbeth head, but they are not responsible for his actions throughout the play. Lady Macbeth is shown early in the play as an ambitious woman with a single purpose. She can manipulate Macbeth easily. This is shown in the line "That I may pour my spirits in thine ear". (I,V, 26) Before the speech that Lady Macbeth gives in act one scene five, Macbeth is resolved not to go through with the killing of the king. However, Lady Macbeth says that it would be on his manliness and his bravery if he didn't. This then convinces Macbeth to commit regicide. Although Macbeth has the final say in whether or not to go through with the initial killing, he loves his wife and wants to make her happy. She is the dominating individual in the relationship which is shown in her soliloquy, "This have I thought good to deliver thee, my dearest partner of greatness, that thou mightst not lose dues by rejoicing by being ignorant of what greatness is promised the. Lay it to thy heart, and Farewell."(I, V, 7-10) Once Macbeth kills for the first time, he has no choice but to continue to cover up his wrong doings, or risk loosing everything he has worked so hard for. In the end, it all comes to Macbeth himself. Everyone is responsible for his own destiny. This is an essential theme in this tragedy. Macbeth, chooses to gamble with his soul and when he does this, it is only him who chooses to lose it. He is responsible for anything he does and must take total accountability for his actions. Macbeth is the one who made the final decision to carry out his actions. He made these final decisions and continued with the killings to cover that of King Duncan. The killing of Duncan starts an unstoppable chain of events in the play that ends with the murder of Macbeth and the suicide of Lady Macbeth. In the beginning, Macbeth had all of the qualities of an honorable gentleman who could become anything. This is all shattered when his spirit overrides his sense of honorability. Although Macbeth is warned as to the validity of the witches prophesies, he is tempted and refuses to listen to reason from Banquo. When the second set of prophesies Macbeth receives begin to show their faults Macbeth blames the witches for deceiving him with half truths. While the witches are not totally responsible for the actions of Macbeth, they are responsible for introducing the ideas to Macbeth which in turn fired up Macbeth's ambition and led to a disastrous and unnecessary chain of events.