Matthew Christopher Bourne Essays -- Drame

Matthew Christopher Bourne Born 13th. January, 1960, London. British dancer and choreographer. His parents were June and Jim Bourne and he had a brother Dan. His mother was a secretary and his father worked for Thames Water for 30 years. When 12 or 13 he and his friend Simon Carter waited to get the autographs of actors outside the Apollo, Lyric, Palace, or Queens theatres. He attended a Methodist-run youth club which had a choir and he put on his versions of musicals. He went to school at the Sir George Monoux mixed comprehensive (later a sixth-form college) in Walthamstow in north-east London. He left with two grade C A levels. He didn't admit to himself that he was gay until he was 18. He then rang the telephone number for Gay Switchboard which was printed on the sleeve of Tom Robinson's single Glad To Be Gay and he was directed to a gay youthclub in Holloway. He first took a job in the contracts department at the BBC. He next had a job with the Keith Prowse ticket agency. This was followed by a job in the Royal National Theatre bookshop. He also worked as an usher and became aware that among the other theatre devotees were dance and drama students. In 1982 he was given a place at the Laban Centre for Movement and Dance. Being 22 he was older than usual, and he also had no previous dance lessons. However, he had a great breadth and depth of knowledge of theatre, dance, and old musicals. He obtained a BA in dance and theatre in 1986. In 1987, with the help of friends from the Laban, he set up his own dance company Adventures in Motion Pictures (AMP). The company reworked classical pieces including The Nutcracker and La Sylphides. In 1995 the company produced Swan Lake with all the swans being played by men, and in 1997 it became the longest-running ballet in the West End since Diaghilev's Sleeping Princess in 1926. In 1999 it went to Broadway. He received a Tony Award for best choreographer and best director of the musical. He had a seven-year relationship with David Manners who designed for AMP. In 1995 he started a relationship with Arthur Pita, a principle dancer with AMP. In 1997 Matthew Bourne became an honorary fellow of the Laban Centre. Also in 1997 he was asked by Cameron Mackintosh to create the dances for the revival of Lionel Bart's musical Oliver!. The fees from this allowed h... ...egan in his early twenties, and his love for theater and cinema has led him to be dubbed "the Noel Coward of modern dance." Born in London on January 13, 1960, Mr. Bourne graduated from the Laban Centre in 1985 with a degree in Dance/Theater, spending a further year touring with Transitions Dance Company. He was a founding member of AMP at its launch in July 1987, and his stage works for the company include "Overlap Lovers" (1987), "Spitfire" (1988), "Buck and Wing" (1988), "The Infernal Gallop" (1989), "Town & Country" (1991), "The Nutcracker" (1992), "Highland Fling" (1994), "Swan Lake" (1996) and "Cinderella" (1997). His television work for AMP includes "Late Flowering Lust" (BBC TV 1993) and "Drip - A Love Story" (BBC TV/Arts Council Dance for the Camera Award 1993), both broadcast in 1994. As well as creating many roles in his own work, he has also worked with choreographers Ashley Page, Jacob Marley, and Brigitte Farges, and was a founding member, in 1988, of Lea Anderson's company The Featherstonehaughs. Mr. Bourne has won several awards for his choreography, including a Bonnie Bird award, a Place Portfolio commission, and a Barclays New Stages award. Matthew Christopher Bourne Essays -- Drame Matthew Christopher Bourne Born 13th. January, 1960, London. British dancer and choreographer. His parents were June and Jim Bourne and he had a brother Dan. His mother was a secretary and his father worked for Thames Water for 30 years. When 12 or 13 he and his friend Simon Carter waited to get the autographs of actors outside the Apollo, Lyric, Palace, or Queens theatres. He attended a Methodist-run youth club which had a choir and he put on his versions of musicals. He went to school at the Sir George Monoux mixed comprehensive (later a sixth-form college) in Walthamstow in north-east London. He left with two grade C A levels. He didn't admit to himself that he was gay until he was 18. He then rang the telephone number for Gay Switchboard which was printed on the sleeve of Tom Robinson's single Glad To Be Gay and he was directed to a gay youthclub in Holloway. He first took a job in the contracts department at the BBC. He next had a job with the Keith Prowse ticket agency. This was followed by a job in the Royal National Theatre bookshop. He also worked as an usher and became aware that among the other theatre devotees were dance and drama students. In 1982 he was given a place at the Laban Centre for Movement and Dance. Being 22 he was older than usual, and he also had no previous dance lessons. However, he had a great breadth and depth of knowledge of theatre, dance, and old musicals. He obtained a BA in dance and theatre in 1986. In 1987, with the help of friends from the Laban, he set up his own dance company Adventures in Motion Pictures (AMP). The company reworked classical pieces including The Nutcracker and La Sylphides. In 1995 the company produced Swan Lake with all the swans being played by men, and in 1997 it became the longest-running ballet in the West End since Diaghilev's Sleeping Princess in 1926. In 1999 it went to Broadway. He received a Tony Award for best choreographer and best director of the musical. He had a seven-year relationship with David Manners who designed for AMP. In 1995 he started a relationship with Arthur Pita, a principle dancer with AMP. In 1997 Matthew Bourne became an honorary fellow of the Laban Centre. Also in 1997 he was asked by Cameron Mackintosh to create the dances for the revival of Lionel Bart's musical Oliver!. The fees from this allowed h... ...egan in his early twenties, and his love for theater and cinema has led him to be dubbed "the Noel Coward of modern dance." Born in London on January 13, 1960, Mr. Bourne graduated from the Laban Centre in 1985 with a degree in Dance/Theater, spending a further year touring with Transitions Dance Company. He was a founding member of AMP at its launch in July 1987, and his stage works for the company include "Overlap Lovers" (1987), "Spitfire" (1988), "Buck and Wing" (1988), "The Infernal Gallop" (1989), "Town & Country" (1991), "The Nutcracker" (1992), "Highland Fling" (1994), "Swan Lake" (1996) and "Cinderella" (1997). His television work for AMP includes "Late Flowering Lust" (BBC TV 1993) and "Drip - A Love Story" (BBC TV/Arts Council Dance for the Camera Award 1993), both broadcast in 1994. As well as creating many roles in his own work, he has also worked with choreographers Ashley Page, Jacob Marley, and Brigitte Farges, and was a founding member, in 1988, of Lea Anderson's company The Featherstonehaughs. Mr. Bourne has won several awards for his choreography, including a Bonnie Bird award, a Place Portfolio commission, and a Barclays New Stages award.

Psychological Effects in Woman Sexually Abused as a Child

Psychological Effects in Woman Sexually Abused As a Child One single devastating act of sexual abuse can severely disrupt the mental health in a woman’s life. Additionally the impact can be severe enough to cause psychological damage that develops into mental illness. Most people are uneducated about psychological damage that sexual abuse, as a child can have on a woman. With gaps in my own understanding, I welcome wisdom to shed some light in a dark area. There are no predetermined feelings or responses that can be anticipated after sexual abuse. In fact, these feelings demonstrate how uncomfortable sexual abuse makes a woman feel inside. Examples of some commonly experienced feelings are; guilty, powerless, isolated, untrusting, inadequate, socially inapt, and feeling inferior to others. Of course unhealthy, emotional states progress into mental illness. Spelman, C. (1993). Suicide is the third leading cause of death in woman ages 15-24. Chemical imbalances are consequently due to the brain producing less serotonin. Serotonin is a chemical produced in the brain that makes you happy. For instance low serotonin levels cause depression to set in or worsen pre existing depression. Psychologists cluster symptoms into categories then sub divide them with related psychological disorders. Therefore, cluster B: regards personality disorders that portray dramatic, emotional, and erotic behaviors Fogarty Migon, (2008) Avoidance personality disorder is a combination of childhood sexual abuse, biological, and economic factors. Avoidance personality brings a strong desire to have relationships, but the fear of rejection prevents starting any. Women feel inferior to others and inadequate in social situations. If it is certain others like the woman, this is an exception for socializing. In addition, new activities are avoided, because they are afraid of being embarrassed. Posttraumatic stress syndrome (PTSS) is a classic diagnosis’s of sexually abused children. It is believed that 50% of women who, have been sexually abused, as a child are affected by PTSS. Posttraumatic stress syndrome is characterized by depression, anxiety, flashbacks, recurrent nightmares, and avoidance of reminders that resemble the traumatic event. The symptoms a woman experiences can vary from having one or all of them. Below is a brief description of the symptoms. * Depression is a feeling of great sadness, loss of interest in things that normally are important, isolating themselves, oversleeping, lack of sleep, loss of concentration, suicidal thoughts. Depression is a very common trait among many other psychological disorders. Of all disorders women are most likely to suffer from depression at some time in life if not chronically. * Anxiety is uneasiness in the mind. Fearing or anticipating an event that is not preventable. Anxiety can cause physical symptoms like sweating, rapid heartbeat, tightness in the chest, and tension. It is psychological in nature, but to the person experiencing the symptoms it’ feels very real. * Flashbacks are when the event replays repeatedly in the mind. Usually an event; triggers the flashback to occur. A detail from the traumatic event; such as a color can trigger a flash back. * Nightmares consist of a frightening experience while dreaming. The individual usually wakes abruptly, scared and panicked. Some nightmares can be so realistic, that one does not realize; it was a dream until they wake. Often the nightmare is a recall of a traumatic event. *Suicidal tendencies are the thoughts of themselves being better off dead. They lose the will to life and the thought, of all the pain seems like too much. It seems like the only solution to end the pain and problems. Vanderbilt, H. , (February 1992) an unknown number of sexual abuse cases go unreported. â€Å"A national study showed that 35% of children under the age of 18 have been victims of sexual abuse†. Often a child believes that telling anyone about the abuse will only make the situation worse. At this time, the child begins to suppress their uncomfortable feelings to help cope and continue to function. Vanderbilt, H. , (February 1992) Say’s the most common type of sexual abuse is incest. Meaning a close family member or relative, of the child is responsible for the immoral act. This particular type of sexual abuse usually is recurrent. Four out of five sexual abuse incidences; are committed, by a trusted friend or family member. Strangers account for less than 20% of sexual abuse cases. Cases involving strangers are lower because the child usually does not survive the incident. Ellen Bass (&) Laura Davis, (2008) say â€Å"it’s possible to be a victim of sexual abuse without knowing or remembering it. This coping mechanism completely blocks out the memory and prevents the conscience mind to remember. Even without the memory the unconscious mind responds; by sending uncomfortable feelings to the mind†. Addressing sexual abuse during childhood is most efficient, because emotional trauma can be patched and prevent problems from transitioning into a mental illness. Individuality begins to takes place during adolescence and here their identity and beliefs form. The range of problems a woman may have begins to show the disturbances during this stage. Below are symptoms commonly seen in sexually abused women. * Posttraumatic stress syndrome (PTSS) is most common diagnosis’s from sexually abused children. It is stated that 50% of women who, have been sexually violated, as a child are affected by PTSS is characterized by depression, anxiety, flashbacks, recurrent nightmares, and avoidance of reminders that resemble the traumatic event. The symptoms can include one or all of them. Some women are affected more severely and the symptoms are intensified; causing disruption in their daily life. * Depression is a feeling of great sadness, loss of interest in things that normally are important, isolating themselves, oversleeping, lack of sleep, loss of concentration, suicidal thoughts. Depression is a very common trait among many other psychological disorders. Of all disorders women are most likely to suffer from depression at some time in life if not chronically. * Anxiety is uneasiness in the mind. Fearing or anticipating an event that cannot be prevented. Anxiety can cause physical symptoms such as sweating, rapid heartbeat, tightness in the chest, and tension. It is psychological in nature, but to the person experiencing the symptoms it is very real. *Flashbacks are when the event replays repeatedly in the mind. Usually an event triggers the flashback to occur. A detail from the traumatic event such as a color can trigger a flash back. * Nightmares consist of a frightening experience while dreaming. The individual usually wakes abruptly, scared and panicked. Some nightmares can be so realistic, that one does not realize it was a dream until they wake. Often the nightmare is a recall of a traumatic event. *Suicidal tendencies are the thoughts of themselves being better off dead. They lose the will to life and the thought, of all the pain seems like too much. It seems like the only solution to end the pain and problems. There are plenty of organizations dedicate to helping people during their time of need. These organizations have fundraisers and take donations to help people that cannot afford it. Please realize that there are always options and you are not alone. No matter what your situation is there is help available. Included at the end is a list of phone numbers; of centers who are dedicated, to different needs. Healing strengthens the heart, mind, soul and while softening the heart, it has enabled many women, to move forward in life. It is clear that sexual abuse has a damaging effect that can be long lasting. Many consequences can result and it is not predictable to say what may happen. The guidance of a professional to help abuse victims begin to heal is worth it. Sometimes undesired events occur and we have no options, but to live with the results. Seeing the positive nature in our human qualities makes life tolerable and worthwhile. Keep determined and strong willed; remember nothing can prevent success that has been in the making. Wounds can leave scars and emotional wounds may seem invisible, but outward sign indicate different. Scars remind us that we have passed through a painful situation and are stronger for doing so. Life can beat you down but, one thing life cannot bring down is a strong will to survive.

Abolitionism – Summary

Abolitionism Abolitionism in the United States was essential to causing the Civil War during the nineteenth century. Many abolitionists in the North, such as Frederick Douglass and William Lloyd Garrison, felt that slavery was a sin against God and published newspapers and pamphlets to share their views. Other abolitionists, such as John Brown, felt that the only way to abolish slavery was to forcefully free the slaves. However, people in the South did not see what was so wrong about owning a person as property and felt that these newspapers and pamphlets were an attack on their way of life.Sectionalism began to form as tension between the Northern and Southern states grew. Soon enough, war broke out between the states and the Civil War had begun. Abolitionists such as John Brown, Frederick Douglass, and William Lloyd Garrison were major contributors to the movement to abolish slavery. John Brown’s raid on Harper’s Ferry opened many people’s eyes to the issue of slavery. Frederick Douglass’s autobiography, A Narrative of the Life of Frederick Douglass, An American Slave spoke of his life as a slave and showed how bad slavery really was.He also published his own newspaper called the North Star which informed the public of slavery. Also, William Lloyd Garrison published the famous abolitionist paper, the Liberator which demoted slavery and promoted African American rights. He also began the American Anti-Slavery Society which was the first organization to demand an immediate end to slavery. Other publications such as Uncle Tom’s Cabin by Harriet Beecher Stowe also contributed to the rise of abolitionism. By contributing to the rise of abolitionism, these abolitionists also contributed to the start of the Civil War.Tension between the Northern states and the Southern states grew as the rise of abolitionism increased. The more the Northern abolitionists protested, the more the Southerners felt their way of life was being attacked. There were many pamphlets and newspapers being published, as well as speeches being given by abolitionists which demoted slavery. The Southern citizens were outraged and responded in violence. The tension grew between the Northern states and the Southern states and sectionalism began to form. This tension soon exploded and the Civil War started.The protests led by abolitionists along with their newspapers and pamphlets resulted with numerous violent outbreaks between the Northern and Southern States. These outbreaks then lead to the beginning of the Civil War. The United States Congress also greatly contributed to the Civil War. When the American Anti-Slavery Society sent petitions to Congress which called for an end to slavery, they ignored it. Instead of addressing the issue at hand, Congress imposed the gag rule. The gag rule stated that Congress would not accept any petitions from the American people that dealt with slavery.When Congress deliberately avoided addressing the issu e of slavery, the problem was never solved. So abolitionists kept protesting and the tension between the Northern and Southern states grew until finally civil war between the states broke out. The cause of the Civil War was clearly abolitionism. The movement to end slavery in the United St1ates caused violent uprisings, the formation of sectionalism, and tension between the Northern and Southern states. These actions were further aggravated by Congresses ignorance towards petitions, John Brown’s raid on Harper’s Ferry, and the many publications of the North Star and the Liberator.The abolition movement caused many issues which were essential to starting the Civil War. Images: †¢ â€Å"Influence of Prominent Abolitionists: The African-American Mosaic (Library of Congress Exhibition). † Library of Congress Home. Web. 03 Jan. 2010. http://www. loc. gov/exhibits/african/afam006. html. †¢ â€Å"Africans in America/Part 4/Portrait of Frederick Douglass Clos e-up. † PBS. Web. 03 Jan. 2010. http://www. pbs. org/wgbh/aia/part4/4h2962b. html. †¢ â€Å"A Bio. of America: The Coming of the Civil War – Maps. † Teacher Professional Development and Teacher Resources by Annenberg Media. Web. 03 Jan. 2010. ttp://www. learner. org/biographyofamerica/prog10/maps/. †¢ â€Å"John Brown Picture. † Google Images. Web. 03 Jan. 2010. http://images. google. com/imgres? imgurl=http://www. steveisler. com/Civil%2520War/files/images/129. jpg&imgrefurl=http://www. steveisler. com/Civil%2520War/files/civilians. htm&usg=__psTkgJR9weRvEVOmWzIHozbJMH0=&h=1348&w=1138&sz=254&hl=en&start=6&tbnid=3YEu_IfLWnkvzM:&tbnh=150&tbnw=127&prev=/images%3Fq%3DJohn%2BBrown%26gbv%3D2%26hl%3Den%26sa%3DG. †¢ â€Å"Anti-Abolitionist Cartoon. † The Liberator Files. Web. 03 Jan. 2010. http://www. theliberatorfiles. com/liberator-photo-gallery/. â€Å"Remembering Black Loyalists – Gordon, an American Slave. † Nova Scotia Mu seum. Web. 03 Jan. 2010. http://museum. gov. ns. ca/blackloyalists/18001900/people1800/gordon_lg. htm. Information: †¢ â€Å"American Anti-Slavery Society – Ohio History Central – A product of the Ohio Historical Society. † Ohio History Central – An Online Encyclopedia of Ohio History – Ohio Historical Society. Web. 03 Jan. 2010. http://www. ohiohistorycentral. org/entry. php? rec=832. †¢ â€Å"The American Experience | John Brown's Holy War | People & Events | The Secret Six. † PBS. Web. 03 Jan. 2010. http://www. pbs. org/wgbh/amex/brown/peopleevents/pande06. tml †¢ â€Å"William Lloyd Garrison. † PBS. Web. 03 Jan. 2010. http://www. pbs. org/wgbh/aia/part4/4p1561. html. †¢ â€Å"William Lloyd Garrison and The Liberator []. † Ushistory. org. Web. 03 Jan. 2010. http://www. ushistory. org/us/28a. asp. †¢ Abolition. The McGraw-Hill Companies Glencoe. Print. †¢ â€Å"Harpers Ferry. † PBS. Web. 0 3 Jan. 2010. http://www. pbs. org/wgbh/aia/part4/4p2940. html. †¢ â€Å"John Brown, Abolitionist, Harpers Ferry. † Civil War, American Civil War, Reconstruction. Web. 03 Jan. 2010. http://www. civilwaracademy. com/john-brown. html. †¢ â€Å"Frederick Douglass. † PBS. Web. 03 Jan. 2010. http://www. pbs. rg/wgbh/aia/part4/4p1539. html. †¢ â€Å"The American Experience | John Brown's Holy War | Timeline (1884 – 1910). † PBS. Web. 03 Jan. 2010. http://www. pbs. org/wgbh/amex/brown/timeline/index. html. †¢ The Liberator Files. Web. 03 Jan. 2010. http://www. theliberatorfiles. com/. †¢ â€Å"Biography of Frederick Douglass-Champion of Civil and Women's Rights. † Frederick Douglass Speeches-Seminars on Race Relations and Gender Equity. Web. 03 Jan. 2010. http://www. frederickdouglass. org/douglass_bio. html. †¢ Abolition – Camp Followers. Vol. 1. Milestone Documents in American History. Print. †¢ The McGraw Hill C ompany: Glencoe. Print.Primary Source Documents: †¢ â€Å"America Singing: Nineteenth-Century Song Sheets. † American Memory from the Library of Congress – Home Page. Web. 03 Jan. 2010. http://memory. loc. gov/cgi-bin/ampage? collId=amss&fileName=as1/as113410/amsspage. db&recNum=0&itemLink=D? amss:3:. /temp/~ammem_xpav::@@@mdb=mcc,gottscho,detr,nfor,wpa,aap,cwar,bbpix,cowellbib,calbkbib,consrvbib,bdsbib,dag,fsaall,gmd,pan,vv,presp,varstg,suffrg,nawbib,horyd,wtc,toddbib,mgw,ncr,ngp,musdibib,hlaw,papr,lhbumbib,rbpebib,lbcoll,alad,hh,aaodyssey,magbell,bbc,dcm,raelbib,runyon,dukesm,lomaxbib,mtj,gottlieb,aep,qlt,coolbib,fpnas,aasm,denn,relpet,a

Global Crisis, Recession & Uneven Recovery

Global Crisis, Recession and Uneven Recovery by Y. V. Reddy Book Review by Nidhi Choudhari There is enough on this earth to meet the needs of all, but not the greed of all. Mahatma Gandhi Why I picked up Y. V. Reddy’s Book There have been a large number of books published on current global financial crisis therefore; selection of this particular book on the subject requires some reasoning. First, there are not many books written by central bankers on the topic.Central banks have been central in the management of the crisis and therefore, Dr Reddy’s book provides a central banker’s assessment of the crisis and its impact. Second, on personal level, I have worked in RBI between September 2006 and December 2011 and was witness to the measures taken by Reserve Bank before and during the crisis under the able leadership of Dr Y. V. Reddy, the Governor, Reserve Bank of India (2003-2008). Having worked under his visionary leadership, I opted to take his book, â€Å"Glo bal Crisis, Recession and Uneven Recovery† for review.Third, Dr Reddy led the course of financial pragmatism in times of relentless deregulation and ensured that Indian financial system does not fall into the blind race to bottom in regulation. Finally, having read Dr Reddy’s previous book on the topic viz. â€Å"India and the Global Financial Crisis: Managing Money and Finance†, I was very keen on reading its sequel viz. â€Å"Global Crisis, Recession and Uneven Recovery†. For all these reasons, I selected this book and am thankful to Madam Nidhi Sharma for approving this book for review.The reviewed book is a collection of 27 speeches (given in the form of 27 chapters in 5 parts), Dr Reddy delivered at different points of time during and after the crisis. These chapters give a deeper insight into the actions taken by the RBI to mitigate the impact of the crisis in India and how India remained largely unaffected due to adequate regulatory mechanisms. Dr R eddy has also been a member of the Commission of Experts of The President of the UN General Assembly on Reforms of The International Monetary and Financial System popularly known as Stiglitz Commission after its chairman Joseph Stiglitz.He has given several references about the recommendations of this UN Commission in the book. The 19th Chapter in the book is about the UN Commission recommendations about global crisis. Hence, the reader of the book gets an understanding of the global thinking on the crisis and its after effects. What’s there in the Book Economists have compared the current global financial crisis to that of the Great Recession of 1930s. The current crisis has in fact, affected all countries across the world in different degrees and that way, it was truly a global recession.Today, the crisis is over however the recovery has started at different paces in different places. Dr Reddy is of the view that the recovery from the global crisis is going to be prolonged and uneven. The book â€Å"Global Crisis, Recession and Uneven Recovery† provides an experienced policymaker’s understanding of the genesis, progression and impact of the financial crisis, and of the lessons it offered. It is written at a time when Indian economy is facing several challenges in terms of slowdown in growth rate, inflation, ballooning fiscal and current account deficit etc.The book contains Dr Reddy’s perspective and analysis of the crisis, recession and recovery in a simple, lucid and non-technical manner which appeals the reader. There are five sections in the book containing 27 chapters in all. The five sections relate to the global financial crisis and its aftermath, financial sector: retrospect and prospects, public policy: challenges and responses, global financial architecture: the debates and India: performance and prospects respectively. The first section of the book gives a lucid account of the financial crisis and its consequences in si x chapters.In the first chapter, Dr Reddy talks about the role played by central banks before, during and after the crisis. He writes that the accountability in regard to management of the crisis of the crisis will have to be shared between the central bank, the Ministry of Finance and, to some extent, the government as a whole. The author writes about the consequences of the crisis viz. rebalancing of power between the regulator and the regulated, shift in balance of in favour of Asia, rise of G-20 on the global platform and a cautious approach towards self-correcting efficiency of markets etc.Explanations with regard to the causes of the global financial crisis and an overview of the prolonged extensive excesses that acted synchronically to cause the global crisis are discussed in detail. The second section of the book focuses on the future of the financial sector with some cautious remarks about uncertain recovery and prospects for the futures. The author highlights the role of f inancial regulation in developing countries. Dr Reddy writes that â€Å"the causes and crossborder transmission of the crisis may differ significantly between the advanced as well as between the developing economies. There is a detailed chapter on countercyclical policies adopted by the RBI in the financial sector and also on the proposals for financial sector regulatory reforms from the perspective of developing countries. He discusses the future of globalisation of finance and the global regulation of the financial sector. The last chapter of this section provides a broad framework for global financial regulation. The third section deals with the public policy challenges and responses that emerged during the current global crisis.He has discussed the feasibility of Tobin Tax and Financial Sector Taxation in light of current crisis. Dr Reddy has also thrown light on the developmental dimension of the financial sector, fiscal implications of the global crisis and macroeconomic fram eworks that are emerging for ensuring overall global financial stability. The forth section raises a very important concern of modern times i. e. reform of global financial architecture comprising of the World Bank, the IMF and the WTO. In this section, Dr Reddy has discussed the recommendations of the UN Commission on the global crisis.He has also analysed the G-20 framework and its future prospects. Finally the book focuses on India's performance and prospects; India's experience in regulating the financial sector; and the need for reform in India's financial sector. The author also compares Indian situation with that of Asia and the global economy in terms of resilience and recovery after the crisis. The last chapter in concluding section draws attention to the exit strategies being considered at the global as well as national level by the authorities to revert back to normality.Take Away from the Book As the book is entitled â€Å"Global Crisis, Recession and Uneven Recoveryâ⠂¬ , the biggest take away after reading of the book would be a clear and better understanding of these three terms viz. (1) Global Crisis, (2) Recession and (3) Uneven Recovery. I personally would like to share my understanding of these three aspects in greater detail with the help of excerpts from the book in the following points: Global Crisis: Reasons, Consequences and Lessons Learnt Several reasons have been cited for the recent crisis viz. ailure of state, market, governance, intellect and morality. Dr Reddy writes, â€Å"The current global crisis originated in multiple causes that reinforced each other. Extensive excesses on several fronts, which occurred in a synchronised fashion, precipitated the crisis. These excesses were observed in liquidity, macroeconomic imbalances, focus on inflation, inequalities, financialisation, leverage, risk-taking, deregulation, financial innovation, networking, greed, globalisation and concentration. 1 While discussing the moral aspect of g lobal crisis, Dr Reddy writes, â€Å"†¦ the large sections of society favoured individualism, narrowly emphasising value for money as consumers and returns on money as investors over other aspects of social behaviour, such as being good citizen or extending corporate loyalty to the institution. †2 Dr Reddy discusses the race to bottom in regulation of financial sector as one of the most crucial reason for the global financial crisis.He writes, â€Å"†¦the excesses in financial sector occurred under a benign public policy that believed the costs of regulation to be greater than its benefits†¦ Even the existing regulation was stymied by excessive innovations in finance that aimed to avoid the prescribed regulatory capital, and injected complexity to undermine the rules of transparency prescribed by regulators. †3 As far as consequences of the crisis are concerned, Dr Reddy is of the view that the current crisis will result in rebalancing of ideological, in stitutional and operational functioning of states and 1 2Page 46, Chapter 3 Page 43, Chapter 2 3 Page 59, Chapter 4 markets. He writes, â€Å"â€Å"In recent years, there has been an almost irrefutable presumption in favour of markets and this may be replaced with a refutable presumption in favour of the markets. †4 As a result of the crisis, the irrefutable support for unfettered markets stands discredited and so also the belief that the growth of the financial sector leads to economic development. Also, the crisis has added to the objectives of central banks an additional responsibility i. e. inancial stability. The RBI has also taken it to its objectives alongwith growth and price stability. The author calls for redefining the core banking and recommends treatment of commercial banking as a public utility. He writes, â€Å"†¦universal banking will be de-emphasised and narrow banking, in the sense of banks concentrating on core commercial banking or deposits and lend ing will be emphasised†¦ In brief, commercial banking is likely to be closer to a public utility than before, and hence subject to regulations akin to public utilities. 5 He further stresses, â€Å"It should be recognised that there will be no banks if there are no depositors. †6 As regards lessons from the crisis, Dr Reddy suggests that â€Å"†¦improving transparency and regulatory oversight of hedge funds, credit rating agencies and over-the-counter (OTC) derivatives should become a priority in the light of the experience from the crisis. †7 Interestingly, the author suggests in the light of observations of the Warwick Commission Report that the scope for and desirability of an ‘unlevelled’ playing field as an instrument of financial sector regulation ought to be explored. As a thinker and an oracle who sees the future of financial sector with great precision, he writes, â€Å"†¦the crisis is global; actions are national; benefits could b e selective or universal; but burdens in the future may have to be largely borne by the masses who bear no responsibility for the crisis, and those who did not benefit materially from the events that led the crisis. †9 Recession In Chapter 6, the author discusses the Great Recession of 2009 in detail and thereafter as per the demand of the subject.He clarifies the concepts of depression, recession and slowdown. A slowdown is a clear fall in the growth of an economy. It is usually a short-term phenomenon lasting say a quarter or a year. The author defines slowdown as a drop in the growth rate by one percentage point. To him, recession refers to a sustained decline in the overall economic activity for a period of more than one year. Depression lasts longer than recession and refers to a longer and larger decline in business activity, mainly reflected in huge drop in output and unemployment. 4 5Page 28, Chapter 1 Page 78, Chapter 5 6 Page 217, Chapter 14 7 Page 172, Chapter 12 8 Page 157, Chapter 10 9 Page 63, Chapter 4 Uneven Recovery If the Great Recession was uneven, so is the recovery. 10 Dr Reddy discusses several responses to the crisis at different points in several chapters. He writes in Chapter 4, â€Å"Initially, the response of monetary authorities, followed by fiscal measures, was confined to the US, UK, Switzerland, other European countries, and Japan, but it was soon realised that it was necessary to involve other countries as well in globally coordinated actions. The author has discussed five possible patterns that could be followed by the countries in their course of recovery. The highly resilient economies may observe rapid recovery from the crisis while less resilient economies would require a longer time to adjust to the new realities and ensure real recovery. Some economies may suffer from double dip recession before complete recovery while some other countries may prefer taking structural measures over a prolonged period thereby opting for a slow but positive recovery after recession.Some countries may register a low level of economic activity for a prolonged period and therefore suffer from recession for a much longer period than the rest of the world. Critique of the Book I consider myself too small to write a critique of the book written by Y. V. Reddy; however, as a reader of global crisis literature I have observed a few points which I will share with the readers of this book review.This book being written by a Central Banker is largely concerned with central bank’s role in dealing with such crisis and redefining of the role of central banks in the wake of need for financial stability. In this pursuit, the role of government in dealing with such crisis has been ignored to some extent. Similarly, the book was published in the year 2011 when a number of countries in Europe were facing sovereign debt crisis however, only a passing reference is made to such an important global event which has pushed many countries in double dip recession.Apart from this, the book is worth reading by all economics lovers and also all policy makers as it gives a deeper insight into the global crisis, recession and recovery. To sum up, I would prefer to quote Sir Howard Davies, Director London School of Economics who applauds the book in the following words, â€Å"Dr Reddy’s (book) fills an important gap†¦ He has lived at the heart of financial system and understands its strengths and weaknesses†¦ His analysis of the problems of the global financial architecture is particularly acute. † 10 Page 93, Chapter 6

My Learning Experiences in Math

Mathematics may be defined as the subject In which we never know what we are talking about, nor whether what we are saying Is true. How can we be able to love Math without compelling ourselves in doing so? That remarkable question can definitely be retorted as I stepped In Ma'am Doll's math class. Doubtless of the fact, she Is truly an extraordinary teacher, I suppose. She taught me to understand math the way I understand my easiest subject. She had instructed me to perceive math simply as it should be. In this case, she had taught me a great lesson in life.That if we do not believe that mathematics is simple, it is only because we do not realize how complicated life is. Through the months, I've been starting to love math. It has instilled in me that every problem nor every equation, is only a challenge that I must surpass. Honestly speaking, I never conceited liking math radically. I used to loathe and curse it like there's no end. Eve always dreamed that we need not to study math b efore long. However, my standpoint did certainly change. As I entered our room, there's hat bit feeling of anxiety within me.I earnestly don't know what feeling to feel once you get In a math class. Either of which Is the feeling of excitement and again, the feeling of anxiety. Ma'am Doll helped me to understand and seize the beauty of mathematics. She brought me into the world of complication yet also into recreation. Math, indeed, educated me to visualize things in a different perspective. By all odds, it is certainly analogous with life. It substantiates the fact that life is undeniably complicated. In my 14 years of existence, math never became easy.You will always have to wake up each and every day anticipating that math is reality. Most likely, every individual you see, dislike math surpassingly. It constantly interrogates us a puzzling question of why on Earth do we need to study math. As a matter of fact, math Is comprehensive all throughout, whether we Like It or not, mathe matics will never vanish In our midst. My Learning Experiences in Math By Kristin_pile Mathematics may be defined as the subject in which we never know what we are talking about, nor whether what we are saying is true.How can we be able to love definitely be retorted as I stepped in Ma'am Doll's math class. Doubtless of the fact, she is truly an extraordinary teacher, I suppose. She taught me to understand math how complicated life is. Through the months, Eve been starting to love math. It has that bit feeling of anxiety within me. I earnestly don't know what feeling to feel once you get in a math class. Either of which is the feeling of excitement and again, the math is comprehensive all throughout, whether we like it or not, mathematics will never vanish in our midst.

Write a one page business memo follow the gathering data assignment Essay

Write a one page business memo follow the gathering data assignment introduction - Essay Example I also chose to count trucks and cars in the afternoon on the same day because this would help in maintaining consistency in the data. This would also help in comparing the morning flow of traffic with that of afternoon on the same days. I chose to collect data between 11.10 and 11.15 in the morning and between 14.50 and 14.55 in the afternoon. I chose these times randomly to ensure that my data was unbiased within one day. I did this by writing the morning and evening times on papers; I then mixed the pieces and picked them indiscriminately. The benefit of analyzing data from different times separately is that it enables the marketing firm to determine the best period to conduct marketing campaigns in a day. However, this approach has a limitation of consuming more time than when the data is analyzed by combining the different time periods. This means that combining data saves time, but it fails in that it does not inform the marketer about the variation of traffic at different times in a

Exchange and markets Term Paper Example | Topics and Well Written Essays - 2500 words

Exchange and markets - Term Paper Example It is very difficult to maintain these macro-economic objectives and at times they are even in conflict of each other. (Sloman, 670) Exchange rates fluctuations are a major reason for balance of payment fluctuations. Before we understand the system of exchange rates we need to understand the method of balance of payments. Balance of payments means a record of all transactions made between one particular country and all other countries  during a  specified period of time (www.investopedia.com). BOP  compares the dollar difference of the amount of exports and imports, which includes all financial exports and imports. A negative balance of payments means that more money is flowing out of the country than coming in, and a positive BOP means that more money is coming into the country. Balance of Payment can be said as a huge accounts book for the country. It also acts as an indicator of political and economic stability. A positive BOP may mean that the country’s functioning i s going in a positive direction with foreign investment and funds coming in and limited resources in the form of cash going out. What are nominal exchange rates? Nominal exchange rate is simply the rate at which one currency is exchanged for other. This may mean for example it is quoted that one dollar is equal to 0.6 of a pound sterling. This may mean that the nominal exchange rate of a dollar to the pound is $1= 0.6 pound. Changes in the nominal exchange rates between two countries will have an effect on all the transaction prices of goods bought and sold between those two countries. This means that it is extremely important for these rates to be stables as these are bilateral rates (Bamford et al, 115). In a free market the exchange rate is determined by the market forces of demand and supply. This is quite similar to the determination of all other prices because where the supply and demand curves meet that is the market rate of the currency. For this lets consider the market pri ce of Euros against dollars. The demand for euro will be a downward sloping demand curve. This is because when the price of euro is high in terms of US dollar, then the euro zone goods and services are expensive to US customers. This means that they will have to may more dollars in exchange for euros. This will result in a low demand for euro zone goods and services in the US. Thus few pounds are demanded on the foreign exchange market. As the value of the euro falls against the dollar US customers are able to get more pounds thereby increasing the demand of pounds on the foreign exchange market (Bamford et al, 117). The supply curve of Euro is upward sloping. When the Euro is low against the Dollar, then US goods are expensive in the Euro Zone and as a result less Euros are supplied in the market to buy US goods. On the other hand if the value of the Euro rises then US goods will become cheaper allowing more people in the Euro zone to buy these goods and rising the supply of Euros. Where these demand and supply curves meet the market exchange rate of Euro against Dollar is determined as shorn in the diagram below. ( Diagram taken from Determination of Exchange Rates, http://media.wiley.com/product_data/excerpt/73/EHEP0006/EHEP000673-2.pdf). At all prices above the equilibrium exchange rate the Euros supplied will be greater than the Euros demanded and vice versa. Any changes in the supply or demand of a currency will result in a depreciation or appreciation of the