Journal on “The Story of an Hour” by Kate Chopin Essay

Subsequent to perusing â€Å"the Story of an Hour† by Kate Chopin, I was amazed at the surprising occasions that lead to Mrs. Mallard’s passing. Through expounded setting, significant sentiments and enhancing plot, the subject of the story was steadily uncovered and drawn out an amazing closure of both Louise’s life and hopeless marriage. The settings occurred both in outside and inside conditions. As educated regarding her husband’s demise, Louise starts to make the main articulations. Not at all like other ladies being immobilized and refusal, she got anguished yet went to her room alone. Here the crowd anticipates that her should groan in profound distress, yet rather she sits serenely, sinking down into an agreeable open easy chair watching out to window. She depicts the smell of the air in the room as â€Å"the delightful breath of rain†. She sees the trees outside in the yard shuddering in â€Å"new spring life†-something outside is being reawakened simply like her internal identity. Her inside condition in reality has an alleviating feeling regardless of the discouraging occasion. Louise’s sentiments saw through a third individual view gradually uncover her story. She murmured: â€Å"free, free, free!† wildly with â€Å"a immense joy.† It is opportunity that she has been engaging to feel for the numerous years wedded to her man. She attempted to shield herself by chattering about how she used to cherish her better half some of the time, however she can't shroud the pleased fact that she has her opportunity back by and by. To her the marriage was a jail; her life had a place with her better half with the social conviction that such thing would make a woman’s life satisfied. She discharges all the pressure and feelings that had been developing all the spending years. It is crushing, as she portrays it, â€Å"her beats beat quick, and the flowing blood warmed and loosened up every last bit of her body.† Now she longs to live more, to make the most of her opportunity by and by, differentiating to what she thought the day precedin g â€Å"with a shiver that life may be long. â€Å"The defining moment is when Louise saw her significant other opening the entryway returning alive. Chopin’s ironical plot leaves an open comprehension of Mrs. Mallard’s passing. It is incongruity that in the start of the story she was said to experience a heart difficulty, her relative attempted to utilize the gentlest method to illuminate her regarding Brently Mallard’s demise. Actually she feels happy about her significant other beingâ forever missing from her life, and as she is eager to appreciate the world once more, her better half returns. Louise at long last turned into the one to pass on at long last. Maybe â€Å"freedom† of psyche and body is more important than life itself. Along these lines, after this intercession, returning to the bounds of marriage would be executing the life and heart of Louise, accordingly passing is the main arrangement and obviously the â€Å"heart condition† anticipating a looming demise. All in all, I delighted in Kate Chopin’s â€Å"Story of an Hour† and discovered her exceptional composing style lovely. It just sheds its insider facts through unclear subtleties yet carries a compelling feeling to a turned and difficult story of the enduring ladies in the traditionalist nineteenth century society. Work Cited Chopin, Kate. The Story of an Hour.1894. Rpt. in Compact LiteratureReading Reacting Writing. By Kirszner and Mandell. sixth ed. Boston, MA: 2007.

The Truman Show Essay Example

The Truman Show Essay Example The Truman Show Essay The Truman Show Essay Regardless of whether it was deliberate can be discussed, yet the producers of the film â€Å"The Truman Show† made a compelling contention against basic functionalism as a hypothesis of social turn of events. On the show inside a film, Truman was the lead character in a TV program that rotated around his life. He was set into the show and the encompassing stage/town during childbirth, and all the choice in regards to other actors’ responses to him were scripted dependent on his activities. Truman, obviously, accepted this was reality. In the film, item situation inside the town depended on the shows publicists and each need that Truman had was met somehow or another by the show’s makers. The issues that are the center plot of the film create when it turns out to be certain that the need the makers can't address is his issue for self and for satisfaction. This shows us the center failings of the auxiliary functionalism hypothesis of social turn of events. In the basic functionalism hypothesis of social turn of events, a person’s physical and social improvement are dependent on the social establishments in their lives. The hypothesis affirms that society meets the organic and social needs of the person through foundation. In this way, Truman’s requirement for warmth, love, and assurance could be met through his family. His requirement for confidence and a feeling of network could be met through his congregation and even his requirement for self-satisfaction could be met through his work. The significant falling flat of the hypothesis is that it doesn't address the necessities of the soul or the spirit or conceivably the insight. Each of these difficult to characterize bits of what makes an individual an individual and the other way around were overlooked in â€Å"The Truman Show†. In spite of the fact that Truman sometimes had clashes when justified by the evaluations war, he never had to determine clashes in a way that prompts self-awareness. The arrangement was either given to him or removed from his hands, prompting a profound situated despondency that Truman can neither clarify nor characterize. Truman has been encouraged that his life is intended to be customary, that he is effective, in a design, as a protection representative and wedded to an excellent lady. He has had the closest companion since he was seven years of age. Apparently makers have met all of Truman’s needs. Be that as it may, much like the hypothesis of auxiliary functionalism doesn't consider individual wants, Truman’s world starts to disintegrate and he starts to presume something is up when he meets Lauren in the city and begins to look all starry eyed at her. The character Lauren is immediately worked out when her family moved to Fiji and Truman builds up a longing to go to Fiji to discover her. The show and the hypothesis addressed his issues for friendship and for a sexual relationship with his â€Å"wife† Meryl, yet never represented the something different that is the flash of adoration. The hypothesis fundamentally excuses human feeling as an effect on social turn of events and depends on the most physical condition of social needs, not the feeling that goes with them. The â€Å"producer† of the TV program inside the film did likewise. He verified that Truman’s physical requirements were met, yet never thought about the requirement for different types of upgrades. Another prime case of this is the way wherein they stop Truman’s endeavors to investigate. Despite the fact that it appears to be an essential human need to comprehend and conceivably control their condition, the makers incited such dread in Truman that he was unable to try and investigate the island that was his set. At the point when he endeavored to do as such, makers utilized a viscious pooch to alarm him over into the controlled condition. They likewise had his â€Å"father† suffocated in an early season to guarantee that Truman would build up an absurd dread of water and along these lines be kept to the fanciful â€Å"Seahaven†. Truth be told, makers were so keen on controlling Truman’s condition that they had an ecologically controlled vault, directing temperatures and the climate. In his legendary home of â€Å"Seahaven†, Truman never needed to stress over anything, even the climate. This articulate absence of contention in his life lead to a very business as usual presence, one more of the key reactions of auxiliary functionalism. The individual is never tested, always unable to or in any event, craving to, develop themselves or their circumstance. Maybe the most telling disappointment of the Truman TV program and of auxiliary functionalism is the inability to comprehend the wants of the heart. Truman needs to investigate his reality and inevitably, even dread can't keep him down any more. Also, in the wake of meeting Lauren, his craving to see her again disturbs his reality view and causes him to defeat his apprehensions. At last, the auxiliary functionalism utilized by the show neglected to me his otherworldly needs. In the event that we were examining Maslow’s progressive system of requirements, we would discuss the requirement for self-satisfaction. Up until that state, it is beleiveable that our general surroundings could accommodate our essential needs and improvement. Notwithstanding, at last that requirement for self-satisfaction is interior and can't be controlled or supported by outside powers. By meeting all of Truman’s essential needs, food, cover, sex, and so on they permitted him to create to where he could view self as satisfaction and nothing in auxiliary functionalism or in the Truman show took into account that. Generally, the absence of contention in his initial life, which was ruled by auxiliary functionalism lead to the requirement for struggle; the should be tested, to contend and to win and to fizzle. At long last, â€Å"The Truman show† exhibits strikingly that a solitary sociological hypothesis can't be utilized to portray an advancement procedure totally, however might be utilized to clarify a few phases of that improvement.

Assurance Services and Ethics in Australia-Samples for Students

Questions: 1.Explain how your outcomes impact your arranging choices for the review for the year finishing 30 June 2015 2.Explain why it is a hazard and how it might influence the danger of material misquote in the money related report. 3.a Based on the foundation data for DIPL contained for the situation, recognize and clarify two key extortion chance components identifying with misquotes emerging from false money related answering to which DIPL might be vulnerable. b.Explain how the hazard factors recognized in (an) above would influence the direct of the (a) review. Answers: 1.There are a few kinds of explanatory procedures that can be applied so as to settle on both budgetary and non-money related choices of the organization. With regards to the foundation data of DIPL Ltd, similar procedures can assume a key job in finding out whether the information framing some portion of its budget reports delineate a valid and reasonable perspective on its exhibition. As such, investigative procedures can end up being of massive advantage in recognizing any material errors pervasive in the financials of an organization (Ghandar Tsahuridu, 2013). Additionally, utilizing such expository systems can help an inspector to play out the review procedure no sweat and viability. There are numerous sorts of systematic procedures that can be utilized in such manner, and it relies on an evaluator to determine which procedure is increasingly appropriate for playing out the review work. In the given instance of DIPL Ltd, the accompanying investigative procedures can be considered: There might be a likelihood that the figures fused in the records of leasers and borrowers are not suitably settled or gathered by the authorities of the organization. In this way, it is imperative to confirm the equalizations of the records of indebted individuals and banks with the goal that any mistakes, which are available, can be relieved without limit. Additionally, it might happen that the organization doesn't have any satisfactory data related with the equivalent. Hence, if the organization is unconscious of such a situation, material error can acquire, accordingly influencing the dynamic with respect to reviewers. Another diagnostic procedure that can be executed on account of DIPL is by making an examination of the money related data of present year with that of the earlier years. Plus, such examination of the present year can likewise be led with the gauges for future or with an industry occupied with the comparable line of business (Guan et. al, 2008). With the assistance of this correlation, the varieties in examples can be considered to settle on pertinent choices for choosing the future game-plan. The significance of utilizing pattern can be ascribed to the way that the adjustments in records can be mulled over for settling on successful choices. Plus, the purpose for such changes can likewise be known and assessed individually. For example, pattern examination can be directed by causing a correlation of deals with that of earlier years so as to assess the expansion or reduction in designs. Subsequently, if there is a reduction in deals, it's anything but a decent sign for the organization. So also, if there is an improvement in marketing projections, it is a decent pointer however the examiner should mindfully watch any noteworthy increment in sums since it might either be impacted or happened because of some mistake. It is hence essential that the reviewer find a way to confirm the business sum from the validated records. Moreover, such examination can likewise be led with organizations occupied with the comparable line of organizations so varieties can again be assessed to recognize the executives issues that endure attributable to decrease in designs (Cappelleto, 2010). Another procedure that can be used to distinguish material errors in the financials of DIPL Ltd is proportion examination. For example, proportions like productivity proportion, liquidity proportion, dissolvability proportions, and so forth can be considered to assess the example of changes in the budget reports. On account of DIPL Ltd, proportion investigation has been directed for distinguishing such examples over the time of three years. Right off the bat, benefit proportions like net benefit proportion and gross benefit proportion have been appeared. Besides, liquidity proportion like current proportion has been appeared. Thirdly, dissolvability proportion like obligation value proportion has likewise been appeared. Benefit Ratio Net benefit proportion 2013 2014 2015 Net benefit (I) 6004500 6079500 6604500 Deals (II) 34212000 37699500 43459500 GP proportion (I/II) 17.55% 16.13% 15.19% Net benefit proportion 2013 2014 2015 Net benefit (I) 2359190 2291362 2972183 Deals (II) 34212000 37699500 43459500 NP proportion (I/II) 6.90% 6.08% 6.84% According to the productivity proportions, an inspector can assess the adjustments in proportion to decide if the organization is equipped for changing over its income into benefits. From the above calculation, it tends to be seen that the net benefit proportion of DIPL have been stale throughout the years as it doesn't change fundamentally. This delineates the organization has been compelling in this portion (Guerard, 2013). In any case, the gross benefit proportion has demonstrated a declining pattern over these years that is definitely not a decent sign for the organization comparable to productivity. Liquidity Ratio Current Ratio 2013 2014 2015 Current resources 5385938 7509150 9600929 Current liabilities 3780000 5120250 6397500 CA/CL 1.42 1.47 1.50 Fast Ratio 2013 2014 2015 Fast resources 3129750 4837788 5420429 Current liabilities 3780000 5120250 6397500 Fast proportion = Quick resources/Current liabilities 0.827976 0.944834 0.847273 Comparable to the liquidity proportion, the reviewer can investigate the examples to break down whether the organization is fit for taking care of its commitments inside one year. From the above calculation, it tends to be seen that the present proportion of DIPL have been stale throughout the years, which shows that it can take care of its commitments later on. In addition, the ordinary current proportion of any organization must be 1:1 (Guerard, 2013). Passing by the snappy proportion, it very well may be remarked that the organization is close to the perfect proportion and since brisk proportion is a superior marker than the present proportion, the proportion shows significant level of liquidity. The proportion has dropped possibly in the year 2015 in any case, it is shut to the base proportion implying that the organization has large amounts of liquidity. Dissolvability Ratio Obligation Equity Ratio 2013 2014 2015 Obligation 3780000 5120250 13897500 Value 9150000 10783650 12250491 Obligation/Equity 0.41 0.47 1.13 Comparable to the dissolvability proportion, an inspector can assess whether the organization is competent in tending to its short and long haul liabilities later on. From the above calculation, it tends to be seen that the obligation value proportion of DIPL has fundamentally expanded throughout the years, which is anything but a decent marker in light of the fact that there must be a parity in between both value and obligation. In addition, in 2015, the proportion outperformed the typical pace of one that portrays insufficiency on the companys part in meeting its liabilities (Northington, 2011). An examiner to assess the situation of DIPL Ltd can utilize all the proportions processed previously. Be that as it may, he should apply his aptitude and abilities so as to come to an end result. 2.There are not many dangers that are predominant in the fiscal summaries of an organization, and despite the fact that legitimate interior control capacities are set up, yet these dangers are not completely alleviated. Such dangers are regularly known as natural dangers (Messier, 2013). In addition, on account of DIPL, the characteristic dangers that can be seen from its business tasks are as per the following: End of the past data innovation framework From the given data, it very well may be seen that a choice has been made by DIPL Ltd to execute another data innovation framework for better bookkeeping measures. Despite the fact that the selection of such framework has been made for better bookkeeping methodologies, yet legitimate advances have not been taken by the organization to actualize the new framework instead of the bygone one. As it were, the organization neglected to give sufficient preparing offices to its workforce and even neglected to enlist extra representatives that were required for the appropriation of the new framework (Bhasin, 2008). Therefore, present workers were not adequate to provide food the necessities of being acclimated with the new framework. In addition, there is an inborn hazard that each representative has sufficient access to the new data innovation framework. According to this, it must be noticed that lone the administrators and bookkeepers must be given earlier access to the framework so that if there should arise an occurrence of possibilities, just such people can stay responsible to the organization (Matthew, 2015). Through and through, as a result of lacking advances led by the organization before the appropriation of the new framework, scarcely any bookkeeping figures were not recorded in the new framework, and that may have influenced the fiscal summaries on an awful note (Cappelleto, 2010). Arrangement being finished by individual having money related premium Comparable to the accessible business data of DIPL Ltd, it tends to be seen that the new arrangement of the Chief Executive Officer isn't a viable one since he seeks after a budgetary enthusiasm with the organization. The explanation for such monetary intrigue can be ascribed to the way that such CEO has been allowed an open door wherein he will achieve a 10% offer in the benefits of the organization if a development of beyond what 10% incomes can be seen. The inborn hazard common

Decisions in Paradise, Part I Essay Example | Topics and Well Written Essays - 750 words

Choices in Paradise, Part I - Essay Example Without a doubt, what needs Kava that would debilitate the goliath café organization from setting its auxiliary in the island? Like it is reflected in the statement of purpose of the organization, Starbucks primary drive to set up a nearness in Kava is to guarantee productive activity of the organization and to add to the advancement of social and monetary government assistance of the islanders (Kava populace). Behind each appealing business opportunity, there are various business dangers. Along these lines, it is basic to basically inspect the plausible dangers that Starbuck is probably going to experience preceding creation a significant choice of setting up its quality in Kava. Starting business on an island that is an embodiment of a zone under steady anger of cataclysmic events is a serious tremendous bet to take. Kava is wrecked and individuals are clearly left with the catastrophe they have been encountering, which represents an extraordinary test for new business set up in t he zone. In any case, one of the most obvious difficulties that the organization will experience when attempting to set up its quality in Kava is pervasive debacle dangers. Kava is known to be under consistent danger of tsunamis, hurricanes, tornadoes, floods, fires, volcanic emissions, tremors, HIV/AIDS, avian influenza, psychological warfare and oil spill. These would probably influence the company’s activity forms. In that capacity, it would be vital for the organization to utilize viable research group to contemplate and suggest an area which displays negligible introduction to catastrophic events. The organization should likewise build up a compelling clinical group to guarantee that instances of avian influenza and HIV/AIDS dangers are very much dealt with. Another conceivable issue that is probably going to influence the organization concerns HR. More than 50 percent of the number of inhabitants in Kava comprises youthful people beneath 15 years old. All things conside red, the organization faces a tremendous test concerning enrollment. To counter this issue, the organization will grow low maintenance business activities for the individuals who are under 16 years old. Moral business practice is another key test that the organization should deal with. To start with, more prominent level of the island’s populace is beneath 15 years old. This represents a major test on worker commitment. The organization should guarantee that it doesn't abuse the base age necessity while enlisting laborers. Most of the country’s populace is under 15 years, which opens the organization to various suits for utilizing youngster work. Another thought that the organization should make is maintaining moral creation rehearses. In the contemporary world, numerous organizations are building up their quality in both local and worldwide markets by lecturing â€Å"going green† gospel (Mullerat, 2010). As per Horrigan (2010), the practicing environmental awar eness idea is politically situated convincing associations to display their social corporate obligation by indicating their green accreditations exhibiting their positive commitment towards maintainability and network improvement. Starbuck has rules that drive its crucial, is in accordance with social corporate duty necessities. â€Å"Our coffee† rule underlines on quality while â€Å"our partners† standards focuses on regard and pride in its tasks. The organization guarantees ideal human association in managing its clients and models its stores

Founder Jeremy Shinewald About MBA Travel Budgets

Blog Archive The NYT Asks mbaMission President/Founder Jeremy Shinewald About MBA Travel Budgets Highlighting the “shadow budget” of additional travel expenses that can often accompany an already expensive business degree, the New York Times asked mbaMission President/Founder Jeremy Shinewald just how much MBA students should expect to invest in “lifestyle experiences.” Bonding with classmates on international excursions and keeping active with the seemingly limitless social functions of MBA student life have become increasingly vital to one’s induction into the business school network. Many students say that socioeconomics can play a decisive role in how much time they spend with one another. “My father went to business school a generation ago as a married 25-year-old, and I can assure you he has no stories of jetting off to Vegas for the weekend,” says Shinewald in the article, noting that bars, parties and trips now occupy a significant portion of the average MBA student’s schedule. “I would say that $5,000 total for two years is a low to moderate budget, but is one that would still allow a student to experience significant social and academic opportunities.” The high-end budget for such expenses, Shinewald explains, can run as much as $20,000 to $30,000 for two years. Still, many students see the investment in social and travel opportunities as part and parcel of buying into an invaluable business network. Share ThisTweet News

Issues In Money, Banking And Finance Theoretical Perspective - 275 Words

Issues In Money, Banking And Finance: Theoretical Perspective (Essay Sample) Content: Issues in money, banking finance Outline the conditions for the success of a Currency Board in a modern economy. What types of economy are suitable for a Currency Board system? Contents TOC \o "1-3" \h \z \u Introduction PAGEREF _Toc511574649 \h 3Theoretical Perspective PAGEREF _Toc511574650 \h 3Evidence – Currency Board in Hong Kong and Argentina PAGEREF _Toc511574651 \h 5Analysis and Discussion PAGEREF _Toc511574652 \h 8Conclusion PAGEREF _Toc511574653 \h 10References PAGEREF _Toc511574654 \h 11Appendix PAGEREF _Toc511574655 \h 14 Introduction With the rise of financial and accounting complications across the world and countries making efforts to accelerate their growth, multiple strategies are being applied for economic efficiency. From maintaining a certain level of inflation and interest rate to controlling the exchange rate of the economy, many policies are active in a particular time period so that the economy can reach its short and long-term economic goals (Saleh, 2004). When it comes to maintaining a balance of payment in an economy, countries have started to rely on multiple internal financial bodies to not only divide the work of these regulators, but make sure that a secure financial and monetary system is in place. One key in this process is a currency board, and the purpose of that is to necessarily take the money supply and exchange rate management from the central bank so that it can focus on other things while the board itself acts as a monetary authority (Balino Enoch, 2017). In any economy, whether it is developed or a developing one, multiple factors need to be in place while developing a currency board. That is so because the board can handle all the monetary arrangements and play an essential role in strengthening the economy. Historically, many countries including Argentina, Estonia, Bulgaria, Hong Kong and Lithuania, etc. has taken steps of putting a currency board in place. It turned out to be a success in some cases while a failure in others (Chan, 2013). This essay will analyse the development of currency board in theory and practice. The next section of the essay will put light on the theoretical part of a currency board development and underlying factors. The next section will talk about two extreme examples when the board was a success and a failure. The second last section will provide an analysis and discussion on the topic while the last section will conclude the essay. Theoretical Perspective Why is it useful? According to Hanke (2012), currency boards are said to be a robust monetary development tool for many countries struggling with financial stability. This is because it provides them with a profound framework for the currency to get developed while the currency also has a significant amount of foreign exchange reserves to back up the entire system. It is primarily an alternative to minor capital and money markets and makes the economy more regulated. Many countries across the world including several in Asia, Europe and Latin America have started to implement these boards and integrate them into their monetary systems to strengthen their currencies. Not only do these benefit the currency but the economy as well (Joy, 2014). Theoretically, it is a play of many factors that make the model lucrative and factors included in it are capital inflow, outflow, investments, the value of assets and government involvement. Pautola (2010) mentioned that while the board is a quick and stable way for the currency and economy to grow, there has also been an argument that this is not an ultimate fix for any economy. That is true because, with more economic growth and financial stability in the country, many industrial, infrastructural and technological changes take place in the country, which eventually makes the financial model get diversified. When the gap between the developed and the developing countries start to bridge through the board, unnecessary reliance on the currency board can make the markets in the developing world more volatile and sensitive to market risk (Begovic, Adnett, Pugh, 2016). In that case, anything ranging from the value of assets, income, land value, prices and other things can get devalued. Not the Final Solution Keeping that limitation in mind, Debowicz (2016) argue that no matter if an economy is substantially dependent on a currency board, it should understand and possess the capacity to make the transition to the primary monetary system that is under the central bank of the country. Since the future business and monetary policy formation will always be under the central monetary body in a country, it should already have that exposure that the currency board is just a final and temporary resort but will never be a permanent fix. The central body should understand that economies are operating on a currency board and realise this reliability period of the board and have a transition plan already in place to make the departure smoother. In this way, when a transition happens, the currency does not drop and gains enough power to stay stable (Aleksandar, 2018). After a developed economy gets out of the currency boards system, it has enough time to fix the economy and make sure that the central bank and other major monetary bodies in the country have the necessary skills and resources to stabilise the currency. Balgov Funke (2016) also related these currency boards with fixed exchange rate regimes. In the presence of currency boards, open market operations reduce to a large extent while there are also limitations regarding setting up the central monetary policy for the economy. The way currency boards work provides a deep insight into what limitations they follow while operating in the economy. For instance, they are responsible for issuing a fixed-value currency in the economy, which is based on the currency that is issued by another country (Chiu, 2018). This currency is backed up by a significant number of deposits and reserves and therefore, some argue that currency issued by the board is much more reliable than the regular market, but this issue is still debatable. The total value of exchange rate in a country is one of the very initial and significant things to get fixed as a result of the currency board. While following a pre-decide rate of exchange and acting like the central bank, the board still cannot be the main monetary regulator and has limitations on OMOs, deposit auctions, money supply base and other functions that are common for the central bank (Klinger Weber, 2016). Real-Life Cases Some of the major examples of currency board developments and their impact on the currency and its market state are the cases of Argentina, Estonia, Hong Kong and Lithuania. In the late 20th century, the rate of inflation in these countries dropped to a significant extent as shown in figure 1 in the appendix. One of the reasons of this drop in the inflation rate the fact that with the development of currency boards, these countries can hold money with a healthy reserve base which eventually makes it possible and more accessible for the rate of inflation to drop. That is what happened in these countries when they were able to facilitate investments and make their monetary systems stronger. Currency boards are reliable because they make the currency convertible while also have a reasonable level of international acceptance (Rogoff, 2014). Although currency board is a simple model that allows a smooth transition to the central bank when the economy stabilises, many other options can be considered in this regard. For instance, Lam (2014) suggested that transaction costs that can be reduced due to a fixed exchange rate in an international trade exchange with another country. Political support is another aspect which needs to be considered while making a transition from the central bank or currency board or vice versa. While the central bank has much more burden of supporting the economy and devising a robust monetary policy, currency boards do not require that level of engagement and knowledge and are free from the worries of any underlying results of the transition. However, some argue that the inability of a currency board to be a lender of the last resort can make it less efficient and prevent the economy from having a full disclosure (Wei, 2015). Evidence – Currency Board in Hong Kong and Argentina History has many examples of currency boards that developed to sustain the monetary stability and strength of an economy. There were two historical examples of success and failures of these boards when it was a success in Hong Kong and a failure in Argentina. IMF states many cases of exchange rate systems, one out of which is a currency board (White, 2016). Hong Kong decided to adopt this system to make its currency more stable for the long-run. As a result of it, the HK$ to US$ exchange rate in Hong Kong dropped and remained quite stable, after that Figure 2 in the appendix shows the historical exchange rate in Hong Kong. It is apparent that one of the most significant advantages that Hong Kong received from the development of the currency board is a stable and much lower exchange rate. This exchange rate was not a sudden and temporary fall in the inflation rate but was a somewhat permanent change that remained the same throughout 2018 (Ghosh, 2008). Chronologically, Hong Kong had an orthodox currency board in 1935-1972 while the anchor was abandoned in 1972-1983. This was the time when the economy realised that it needs several policy changes to make the economy grow. In October 1983, the currency board was restored with the US$ anchor. Due to the reliance on the currency board, the economy of Hong Kong started recovering from the financial challenges, and many macroeconomic and financial factors in the economy started improving including the exchange rate, inflation rate, monetary growth and interest rate in the count...

Essay on Barbara Ehrenreichs The Hearts of Men - 947 Words

Barbara Ehrenreichs The Hearts of Men Barbara Ehrenreich, in The Hearts Of Men, illustrates how gender roles have highly constricted men, not just women, and therefore have inhibited American society from developing its full potential. She deviates from conventional wisdom, which says that gender roles have been largely detrimental to only half the population, which is simultaneously confined to working in the domestic sphere and prevented from participating in the public realm. Her theory says that Americans subscribe to a sexuo-economic system which reduces men to mere earning mechanisms and forces women to become parasitic wives (6, 4). As she explains, members of both sexes adhere to a system which forces them to succumb to†¦show more content†¦Ehrenreich understands that Americans are most motivated by money and concludes that men have denied aspects of their personalities to compensate for their role as economic provider. Ehrenreich demonstrates how men have suffered from being the family breadwinner. Men are less healthy than women, from both physical and mental standpoints, because they bare the majority of economic responsibility for their family. Despite the growing number of women who have joined the labor force in recent years, men are paid almost forty percent more, which makes their salary more valuable to a family than a womans. A family must retain a man as their beast of burden because America places increasing emphasis on the value of its citizens through their material possessions. This makes many men feel that their role unduly taxes their resources. Perhaps men will live longer (and more enjoyable lives) in America when women carry more of the burden of the battle with the world, instead of being a burden themselves (102). Ehrenreich identifies another male role, besides that of breadwinner, as one who does not show emotion, caring or sensitivity. A man might be highly unhappy but was not supposed to voice his frustration. If he did he would be thought of as weak, or worse, a homosexual. This threatened many men into silent subservience to the system which made them work harder for more material gain and lessShow MoreRelated Appearance-Based Discrimination in Corporate America Essay2012 Words   |  9 Pagesseems, it is arguable that the most important aspect of job seeking and interviewing is not a person’s comprehensive checklist of qualifications, but rather their physical appearance. Throughout the duration of Barbara Ehrenreich’s book Bait and Switch, it becomes quite clear that Ehrenreich’s physical presentation often times serve as a hindrance rather than an enhancement. At one point, Ehrenreich finds herself face to face with Prescott, her image management consultant. I mmediately diagnosing herRead MoreAnalysis Of Upton Sinclair s The Grapes Of Wrath 3839 Words   |  16 Pagesmuckraker Upton Sinclair’s The Jungle and John Steinbeck’s The Grapes of Wrath. The quandaries that plague the characters of the aforementioned novels parallel that of modern day exposà ©s, such as Class Matters, by Bill Keller, Nickel and Dimed, by Barbara Ehrenreich, and Fast Food Nation, by Eric Schlosser, all of which harness and expose the falsehood of The American Dream as a result of wage slavery, class separation, and monopolization of major industries. The delineations that exist between theRead MoreBarbara Ehrenreich, The Author Of The Novel Nickeled And1310 Words   |  6 PagesBarbara Ehrenreich, the author of the novel Nickeled and Dimed on (Not) Getting by in America, family had achieved middle class, as she was fulfilling her Bachelor’s degree in physics. As time proceeds, she attended Graduate school to pursue her master’s degr ee in cell biology. Ehrenreich became involved with a woman s health movement, and also became a teacher at Old Westbury, in New York. With her activism in the women’s movement, she began to write about feminism and the myth regarding it beingRead More Feminism Essays3962 Words   |  16 Pagesdespite their views of difference feminism, hold varying expectations for the behavior of women. In her article What Abu Ghraib Taught Me, Barbara Ehrenreich recounts her the process by which she became disillusioned with the notion of female moral superiority. Despite claiming that she never believed that women were inherently gentler and less aggressive than men, Ehrenreich divulges her shock at the images of Spc.s Megan Ambuhl, Sabrina Harman, and Lynndie England, stating secretly, I hoped that