Article Analysis on the Global Economic Crisis

Article Analysis on the Global Economic Crisis Table of Contents INTRODUCTION GLOBAL BANKS: A WORLD OF PAIN Citigroup: Citi never reaps Greece Economy: Running on Empty CONCLUSION Bibliography INTRODUCTION This paper is about the discussion on the recent the economist article based on global banks: a world of pain, Citi group: Citi never reaps and Greece economy: running on empty. GLOBAL BANKS: A WORLD OF PAIN[G1] Bail-out big banks: In my opinion, the bailout happens, when the money of the bank is in the struggling entity to prevent its complete collapse. The world largest banks are connected through a mesh of short term loans which provide credit guarantee and financial contracts of others. This connection is a risky one that can also be a cause for a big bank to bail out. The economic crisis may also happen because of the doubts aroused in the ability of a single financial firm to meet its prescribed responsibility and to repay their loan. The bank regulation can improve in requiring some reserve ratio during the thriving times. Another way is to limit the percentage funding which come from the short time money market. (Pettinger 2009) Giant Firms proved hard to manage subsidiaries and struggled to be built common system: In my opinion, the giant firm may fail to build a common system may be because of the disappointed employees of the firm which may be because of the rules. The big firm won’t be having enough time to check whether the highly talented employee is working for the good on-going project and to know whether he is comfortable with that or not. I also feel that good discussion is a well said example for the consistent growth of the firm. So these giant firms might have not followed the discussion process properly. Priority should also be given for the talented employees to work for the wellness of the firm. The mission and vision should be clearly set and the execution of the process for it should be done accordingly to make their work more easy and it will also pave way for building common system. Basel 3 and complicated regulation and increase the cost: In my opinion, the global and the liquidity rule (Basel 3) can be focussed better than they do now. All the banks will face a strict regulation because of the new liquidity standard, the risk coverage, and the new leverage ratio. Because of the bank capital will also decrease along with the increase in capital ratio for the upcoming years. This will cause problem for some banks. I feel that bank will experience the pressure on Return of Equity (ROE) because of the increase in the capital and the liquidity cost. For this bank have to work in a number of areas and have to work on Basel 3 issues and they have to set priority for the close, mid and for the longer term. Citigroup: Citi never reaps[G2][G3] In my opinion, I agree that the Citi bank had money but they are still in a question of knowing how the straggling financial firm turn out to be. It had a good growth. According to George Moore the chairman of new look committee said that they boost the development of the business till maximum. But the current head is controversy. It’s Michael Corbat[G4] who is the CEO of Citi group. All its branches are shrinking. Corbat(CEO of Citi group) itself[G5] had sold out nearly 60 businesses. Citi had already failed in the stress test in 2012 and 2014and it’s asked not to hike its share. At first the failure deceased Vikram Pandit, the former chief executive and how if this failure continues it will be hopefully Corbat who will be deceased from the Citi group. [G6]It made a mark in the market because of its strength and the responsibility. Certain activities of Citi group are glitches. Usage of property design instead of cash machine by Citi group is a well said example as bec ause it should be the only bank using it. Retail business reduction is uptight. At first they thought of reducing the operation in Dallas and Houston of Texas. But later it was in a stage to extinct the complete state. Its operation in the threat lying areas is also a risk. It will surely provide few or no return. Some rules are more complicated here which makes the customers to move away. Mr.Peabody share his view for this shrinking of Citi group is because of responsibility increased in taking many risky transaction for example bought deals. It is of consuming the seed corn and producing the profit at a later stage. City group comments that it is of helping their customers who are in a verge against drive in the currency and commodity. (Citigroup Citi never reaps 2015) Greece Economy: Running on Empty In my opinion, I am agree that the vital operation initiated by the new prime minister of Greece Mr.Alexis Tsipras asking for the reviled bond out extension of the country is misleading as an awaiting crack from the creditors made the government back and leaning to the close edge made the state economy as liquidation and might more worseness in the country. Unbearable process is only has been provided by the government for fleshing out very few restructurings. After 6 six years the Greek economy showed a little improvement. In the last three months of 2014 there was a fall by 0.2% because of the election. Battering the economy and public finance by political confusion can be of 3 ways as follows: Compulsory revision of bank accounts into less valuable drachmas Political disruption Political storm in public finance Compulsory revision of bank account into less valuable drachmas, some business and house hold are pulled out. Many withdrawals continued, deposit loss which leads to striking capital controls. Out of these some possible help is reined by ECB (European Central Bank). Political disruption is created ambiguity. Holding the domestic project frightened the foreign investors. This will not decrease until or otherwise confidence is created by the government to the investors. Political storm in public finance , it is bond market cut off made the government to struggle to pay the bill. I am agree with the author that the worsening of the finance is because the worse treating of the Greece government. A good among bad is it did not affect the tourism of that country. Mr.Trispas is also in a need to break most of his political promises (Greece’s economy Running on empty 2015) CONCLUSION A complete discussion of the global banks, their struggle in the competitive market because of the emerging local banks and the internal reason for the back struck has been discussed in the paper. [G7]The complication in the regulation made the banking tough. The Basel 3 norms are also complicated which made the banks to have the risk coverage and the liquidity standards. Continuous revision for the banks along with discussions can be made to maked their share in the market consistent. Bibliography Citigroup Citi never reaps. March 7 2015. http://www.economist.com/news/finance-and-economics/21645811-making-money-global-banking-network-difficult-it-alluring-citi. Global banks A world of pain. 7 march 2015. http://www.economist.com/news/finance-and-economics/21645807-giants-global-finance-are-trouble-world-pain. Greece’s economy Running on empty. 7 March 2015. http://www.economist.com/news/finance-and-economics/21645810-political-brinkmanship-has-exacted-heavy-economic-toll-running-empty. 1 [G1]You summarized the articles and did not provide your opinion, I break-down to sub-titles , for each write 150-200 words Search for ready made argument in the net and rephrase it and start in my opinion and I agree or disagree [G2] [G3]Re-write this para As similar what I did with Greece Economy below [G4]What his position [G5] [G6]It is not clear what you want to say , re-write the sentence [G7]Here make summary of the issues above in 4-7 lines

Why I Read :: Personal Narrative, Autobiographical Essay

"Why did you read all four books?" a peer asked me after I revealed my summer reading list. "Well," I said, "I thought they would punish me if I didn't." Was this a total lie to get someone off my back, or was it the truth? While it was probably a combination of both, I decided I read for myself. I read to find out about the issues I had been struggling with, like time and humanity. To have feelings that I have never experienced and to escape. With these books I was no longer a scared middle-class white boy from Tennessee, and though it may be cheesy, I was anyone, anywhere. The issue of time has caught my attention since reading Siddhartha. I desperately want to understand time since it is the basis of society. We live in the present, but these words are in the past. Sure, you could read the words over again, but the first impression is the past. So the past is really all we can look at. But the past does not matter if it is temporary. In 1984 Orwell states, "he who controls the past controls the future." The verb "controls" is very important here. It is in a present tense, stating that he who can change the past owns the future. So why would the past matter if it is changeable? The year could not even be known. It could be the same day forever. Why does the past matter anyway... or even the present? On a large time scale everything we know is but a blip. Einstein's Dreams proposes a profound statement which indirectly points out that the supernatural controls time. We will not be able to slow down the last second, so it will last 'forever'. We can't to uch time; it's out of our reach. So therefore, life as we know it has an ending when God says so. Time will continue to pass until the end at its seemingly eternal rate. It's like a river, unstoppable and ever flowing. Trying to battle the current is futile. The pain just makes you feel time pass more slowly when in fact the river keeps running. While personal existence may seem unimportant, Celie from The Color Purple brings across an important statement, " I'm poor, I'm black, I may be ugly... But I am here." While the past, future, and present may seem incredibly small, it's all we have.

Maoist Attack and Demand for Telangana State Essay

Telangana is a region in the state of Andhra Pradesh in India. It has borders with states of Maharashtra on the north and north-west, Karnataka on the west, Chattisgarh on the north-east, Orissa and Coastal Andhra region on the east and Rayalseema region of Andhra Pradesh on the south. This region has an area of 1,14,840 square kilometres and a population of 3,52,86,757 which is 41. 6% of Andhra Pradesh state population. The Telangana region has 10 districts: Adilabad, Hyderabad, Khamam, Karimnagar, Mahbubnagar, Medak, Nalgonda, Nizamabad, Rangareddy and Warangal. The Krishna and Godavari rivers flow through the region from west to east. The Telangana movement refers to a group of related political activities organized to support the creation of a new state of Telangana, from the existing state of Andhra Pradesh in south India. The Telangana Movement The movement to create Telangana has been continuing from 1952 onwards. In February 2009 the in February 2009 the state government declared that it had no objection, in principle, to the formation of separate Telangana and that the time had come to move forward decisively on this issue. To resolve related issues, the government constituted a joint house committee. In the lead-up to the 2009 General Elections in India, all the major parties in Andhra Pradesh supported the formation of Telangana. The Bharatiya Janata Party (BJP) again announced that they would create two more states, Telangana and Gorkhaland, if they won the election. The Congress Party said it was committed to Telangana statehood, but claimed that Muslim minorities were opposed to the creation of separate state, along with the majority of the people. The MIM party and Muslim leaders within Congress felt that the new state would jeopardize the interests of minorities, the safety and welfare of Muslims, and the future of the Urdu language. The Telugu Desam Party promised to work for Telangana statehood. Telangana Rashtra Samithi (TRS) joined a Mahakutami (â€Å"grand alliance†) with the TDP and other parties to defeat the Congress party for denying statehood. The Praja Rajyam Party (PRP), founded in August 2008 by film star Chiranjeevi, pledged support to Telangana statehood if it becomes inevitable. The Nava Telangana Praja Party announced that it would merge with PRP after it concluded that there was not enough political space for two sub-regional Telangana parties that had Telananga statehood as their main agenda, Devender Goud later quit PRP and returned to the Telugu Desam Party. In the 2009 elections, Congress returned to power both at the center and state. It won 154 out of 294 Assembly seats and 33 out of 42 Parliament seats. Within Telangana, Congress won 50 out of 119 Assembly seats and 12 out of 17 Parliament seats. On 29 November 2009 TRS president K. Chandrashekar Rao (KCR) started a fast-unto-death, demanding that the Congress party introduce a Telangana bill in Parliament. He was arrested by the government of Andhra Pradesh. Student organizations, employee unions, and various organizations joined the movement. General strikes shut down Telangana on 6 and 7 December. Student organizations planned a massive rally at the state Assembly on 10 December. The government warned that the rally did not have permission and deployed police troops throughout Telangana. The apparent decline in KCR’s health led to a sense of urgency to the issue. The Communist Party of India (Maoist) is a Maoist terrorist organization in India which aims to overthrow the government of India through violent means. It was founded on 21 September 2004, through the merger of the People’s War, and the Maoist Communist Centre (MCC). The merger was announced to the public on October 14 the same year. In the merger a provisional central committee was constituted, with the erstwhile People’s War Group leader Muppala Lakshmana Rao alias Ganapathi as General Secretary. The CPI (Maoist) are often referred to as Naxalites in reference to the Naxalbari insurrection conducted by radical Maoists in West Bengal in 1967. They claim to be fighting for the rights of the tribes in the forest belt around central India. That region contains deposits of minerals which are of interest to mining companies like Tata and Essar. There have been numerous human rights violations of the tribal people at the hands of government agencies. Naxals have been charged by the government of running an extortion economy in the guise of popular revolution, extorting vast amounts of money from local branches of mining companies and other businesses. They have been involved in several cases of blowing up schools and railway tracks, and accused of keeping the areas under their control away from modernity and development, so they can impose their will on the uneducated rural populace. In 2006, Prime Minister Manmohan Singh referred to the Naxalites as â€Å"the single biggest internal security challenge ever faced by our country. The Indian government, led by the United Progressive Alliance, banned the CPI (Maoist) under the Unlawful Activities (Prevention) Act (UAPA) as a terrorist organisation on 22 June 2009. As of June 2010, Indian Government has identified 83 districts in 9 states as â€Å"Naxal-hit†. Currently it has presence in remote regions of Jharkhand and Andhra Pradesh as well as presence in Bihar and the triba l-dominated areas in the borderlands of Chhattisgarh, Maharashtra, West Bengal and Orissa. The CPI (Maoist) aims to consolidate its power in this area and establish a Compact Revolutionary Zone from which to advance the people’s war in other parts of India. A 2005 Frontline cover story called the Bhamragad Taluka, where the Madia Gond Adivasis live, the heart of the Naxalite-affected region in Maharashtra. The current general secretary of the party is Muppala Lakshmana Rao alias Ganapati. The highest decision making body of the party is its Politburo, comprising 14 (or 13) members, 6 of whom were either killed or arrested between 2007-10. Amongst those arrested, Kobad Ghandy is the senior-most member. Other arrested Politburo members include Pramod Mishra, Ashutosh Tudu and Amitabha Bagchi. Cherukuri Rajkumar alias Azad, the spokesperson for the party, who was gunned down in Andhra Pradesh was another Politburo member. Prashant Bose alias Kishan-da, Mallojula Koteswara Rao alias Kishenji and Katakam Sudarshan alias Anand are the three prominent members of its Politburo. Kishenji and Anand currently head the Eastern Regional Bureau and the Central Regional Bureau of the party respectively. The Central Committee of the party, which takes command from the Politburo and passes on the information to its members, comprises 32 members. The party hierarchy consists of the Regional Bureaus, which look after two or three states, the State Committees, the Zonal Committees, the District Committees and the dalams (armed squads). The military wings of the respective organisations, People’s Liberation Guerrilla Army (military wing of MCCI) and People’s Guerrilla Army (military wing of PW), were also merged.

Perception Of Strength And Limitations Of The Managers

Perception of Strength and Limitations of the Managers Hanna was very organized in her day and made a checklist of things to do required of each charge nurse. She would check the crash cart that all materials were there and not expired and to make sure that all equipment was working properly. She also did tasks such as making sure all materials were stocked and if any were needed she would call Central Supply. She would also make trips down to the overflow IMC unit to check on the nurses there and would call down regularly for updates. After all the morning checks she would look over the patient manifest to see who was going to be discharged and downgraded and made room for potential incoming patients. Hanna was very efficient and†¦show more content†¦There was tremendous amount of team work I observed with the unit. When there was an emergency call light, multiple available nurses would rush to the room to help. Another limitation I saw was the nurses’ station desk w as full of papers. Hanna would multiple times forget where she would put a list and would search around for it for a few minutes. But overall, Hanna was a very good and organized charge nurse. She knew about all the patients on her floor and was able to actively give suggestions of downgrades and discharges. She was able to catch mistakes such not having orders for foleys. She also suggested putting up signs that say â€Å"wash hands† on hand sanitizer dispensers outside of contact precaution rooms to remind nurses that they needed to wash their hands after leaving the room. Discussion of Responses to the Management Position and Management/Leadership Styles. After observing Hanna for the shift, I feel like the Transformational Leadership Style is very effective in leading an Intermediate Care Unit. 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