racism and prejudice Essay -- essays research papers

Racism and prejudice has been present in almost every civilization and society throughout history. Even though the world has progressed greatly in the last couple of decades, both socially and technologically, racism, hatred and prejudice close up constitutes today, deeply embedded in old-fashioned, narrow- caputed traditions and values. Racism is a case of lay hate and ignorance, being not only discriminatory, but also seemingly foolish with disregard of all human commonsense. Why does racism still exist in todays world? If it still occurs, has the world really progressed at all? Through extensive research methods and wide reading, it can be proven that racism is still present in the modern world.Racism is based on the belief that ones culture is superior to that of others, and this racial superiority provides justification for discrimination. Racism begins with categorising by race, and therefore stereotyping particular cultures. A simple definition of prejudice given by St Th omas Aquinas states prejudice as thinking ill of others without sufficient cause (1. pg 21). Racism is a major issue in todays society, affecting a declamatory number of the worlds population and causing political and social turmoil. To evaluate the true meaning, effects and views concerning racism in todays world, a number of literature sources were researched including novel, films, short stories, poetry, song lyrics, textbooks and magazine articles. Black Like Me written by John Howard Griffin is an excellently written novel, based on factual events go steadyd by the author himself. It is based in the 1950s, a time when racism was widespread throughout America. The basic outline of the story is the adjacent of one man (Griffin) as he embarks on a journey that takes him to the other side. Griffin is a middle-aged white man, and decides to personally experience the life of a Negro. He achieves this by literally changing the pigmentation in his skin so that he is no longer white. Griffin moves to the deep southerly states of America where he is subject to harsh racist treatment by the whites. By doing so, he experiences first hand the reality of racism and prejudice, almost to the refer of disbelief. The story focuses on the lives of Negroes restricted, brutal and harsh. My skin was dark. That was sufficient reason for them to deny me those rights and freedoms without whi... ...wn comes under siege as racism rages within the community. The Klu Klux Klan is also featured in the film, a group that symbolizes hate. The eerie looking hoods in the film are a reminder of Americas dark past, and of current racist groups still present in society. Many of the characters in the film are stuck in old values and teachings, misplacing their hate towards the coloured. The film Mississippi Burning supports the hypothesis as it deals with society still living in the past and acting narrow-mindedly towards its fellow human beings. Within all of the texts mentioned, the th eme of racism is present, just manage in most of todays societies. All of the researched sources deal with the effects of racism, the foolishness of it and the fact that it still exists in todays modern and so-called advanced world. No matter how much social attitudes evolve, prejudice, hatred and racism will still exist within aspects of society, whether it be in the heart, in the mind or in the souls of those too ignorant to realize the damaging consequences. While technologically todays world has advanced, if society cannot overcome issues such as racism and prejudice, it has not evolved at all.

The Empirical Reality of Walden Two of B.F. Skinner Essay -- Psycholog

The Empirical Reality of Walden TwoB.F. mule drivers Walden Two is the fictitious broadside of an eclectic groups visit to a modern utopian community started by psychologist T.E. Frazier. Authors often depict perfect societies in novels, as the quash holds wide appeal and massive creative opportunity. Aldous Huxley envisi aned a Brave New World Lois Lowry wove the tale of The Giver. What sets Walden Two apart from such books? Simply stated, Skinners work rightfully does not appear as if it belongs in the fantasy or fiction genre, as the others do. The novel reads as an actual experiment, albeit one performed in a text-only reading material of the world. The author perfectly follows the steps of a scientific investigation throughout the plot, meeting nearly all goals of the scientific enterprise. This overture leaves readers practically incapable of coppice the novels bold statements off as fiction to do so feels equivalent to denying a proven reality. For a positive future, it is only earthy sense that a generation of healthy children must be raised. A stable family unit and personal attention seem logical ways to understructure successful young people. Yet statistics show that in 2003, approximately 37,000 marriages and 21,000 divorces occurred in Kentucky other states showed very similar ratios, such as Ohio, with about 73,000 marriages and 40,000 divorces (NVSR, Pg. 6). Clearly, many students already have broken homes as obstacles, but the homogenoustreatment of children in schools adds even more difficulty. Despite pre-existing differences in personal preferences, subject aptitudes, and upbringings, for instance, the musical arrangement calls for children to move along a determined national curriculum of academic acceptabilit... ...hiatry Vol. 8, No. 1. 2003 . United States. Center for Disease require and Prevention. National Center for wellnessStatistics. National Vital Statistics Reports Vol. 52 Num. 22. Births, Marria ges,Divorces, and Deaths Provisional Data for 2003. 10 June 2004. WebMD Health. Health Guide A-Z Stress Management. Effects of Stress. Page 2. 4Nov. 2002. . Weiten, Wayne. The Research Enterprise in Psychology. Psychology Themes andVariations. 6th ed. 2005. The Empirical Reality of Walden Two of B.F. Skinner Essay -- PsychologThe Empirical Reality of Walden TwoB.F. Skinners Walden Two is the fictitious account of an eclectic groups visit to a modern utopian community started by psychologist T.E. Frazier. Authors often depict perfect societies in novels, as the subject holds wide appeal and great creative opportunity. Aldous Huxley envisioned a Brave New World Lois Lowry wove the tale of The Giver. What sets Walden Two apart from such books? Simply stated, Skinners work truly does not seem as if it belongs in the fantasy or fiction genre, as the others do. The novel reads as an actual experiment, albeit one performed in a text-only version of the world. The aut hor perfectly follows the steps of a scientific investigation throughout the plot, meeting nearly all goals of the scientific enterprise. This approach leaves readers practically incapable of brushing the novels bold statements off as fiction to do so feels equivalent to denying a proven reality. For a positive future, it is only common sense that a generation of healthy children must be raised. A stable family unit and personal attention seem logical ways to rear successful young people. Yet statistics show that in 2003, approximately 37,000 marriages and 21,000 divorces occurred in Kentucky other states showed very similar ratios, such as Ohio, with about 73,000 marriages and 40,000 divorces (NVSR, Pg. 6). Clearly, many students already have broken homes as obstacles, but the homogenoustreatment of children in schools adds even more difficulty. Despite pre-existing differences in personal preferences, subject aptitudes, and upbringings, for instance, the system ca lls for children to move along a determined national curriculum of academic acceptabilit... ...hiatry Vol. 8, No. 1. 2003 . United States. Center for Disease Control and Prevention. National Center for HealthStatistics. National Vital Statistics Reports Vol. 52 Num. 22. Births, Marriages,Divorces, and Deaths Provisional Data for 2003. 10 June 2004. WebMD Health. Health Guide A-Z Stress Management. Effects of Stress. Page 2. 4Nov. 2002. . Weiten, Wayne. The Research Enterprise in Psychology. Psychology Themes andVariations. 6th ed. 2005.

alan turing Essay -- essays research papers

Alan Turning Alan Turning is known to be a innovator of many facets of the computer age. The digital computer, artificial intelligence, memory subroutines, the Turning Machine, the Turing Test, and the m filling of algorithms to computers are all ideas somehow related to this man. Alan Mathison Turing was born in Paddington, London, on June 23, 1912. He was a precocious child and began his interests in science and mathematics at a young age, but was never concerned about other right-brain classes much(prenominal) as English. This continued until an important friend of his passed away and set Turing on a path to achieve what his friend could no longer accomplish. When his friend Christopher Morcom died, Turing was launched into thoughts in physics about the physical mind being embodied in matter and whether quantum-mechanical theory affects the traditional problem of mind and matter. Many say today that this was the beginnings of Turings Turning Machine and the test still used tod ay for artificial intelligence, the Turing Test.Soon after his public schooling Turing began working on his undergraduate at Kings College. Here he became interested in the readings of Von Neumanns quests into the logical effectuateations of quantum mechanics. Through these readings Turing was believed to structure his thinking from the emotional states that he had been suffering from to a more valid form of thought. Turing earned a fellowship at Kings college and the following year the Smiths Prize for his work in probability theory. Afterward, he chose a path away from pure math into mathematical logic and began to work on resoluteness the Entscheidungsproblem, a problem in decidability. This was an attempt to prove that there was a method by which any given mathematical assertion was provable. As he began to dive in to this he worked on first defining what a method was. In doing so he began what today is called the Turing Machine. The Turing Machine is a three-fold vehemence c omposed of logical instructions, the action of the mind, and a machine which can in principle be embodied in a practical physical form. It is the application of an algorithm embodied in a finite state machine. The Turing Machine is a simple kind of computer. It is limited to reading and writing symbols on a tape and moving the tape along to the left or right. The tape is marke... ...at today is known as the Turing Test. This was a test where a person would ask questions from both a human and a machine without knowing which was which. If after a reasonable amount of time the difference between the two was not obvious, then the machine was thought to be somewhat intelligent. A version of this test is still used today by the Boston Museum of Computers to host a contest of the best artificial machines for the Loebner Prize. Turing continued working on the digital computer and ideas in artificial intelligence until he died on June 7, 1954. He was found with a half-eaten apple loaded wit h cyanide, the half-eaten apple a familiar symbol of innocence. Some say he had committed suicide over an embarrassing misfortune with a 19-year old student , while his mother says he was just performing another experiment with household chemicals and became careless. Whichever it may be, Alan Turing passed away and left the globe with many raw ideas to work out. In my opinion, the biggest contribution that he left with us was his idea of a single machine running off a finite number of algorithms to perform multiple tasks. This being the vision of the computers we all use today.

A Study of Perspectives Essay -- Paris Burning Film Movies Essays

A Study of PerspectivesLivingstons documentary Paris is Burning inspired an awareness of being that I had not previously experienced. The film urges the spectator to reevaluate not only ones breadth of knowledge of the black gay culture in the 80s, exactly also the perspectives from which one views the film. personally speaking, the easiest evaluation of the latter topic would be the perspective of a privileged white straight female born into a sheltered and socially handed-down household. This background would thus color my reaction to the film one of intense sadness for the featured interviewees who yearned for an existence which was mostly unobtainable except in the courting of extreme sacrifice and typically led to social ostracizing and ridicule (even in some cases, death) yet this existence they yearned to emulate was something I had been born into without struggle nor appreciation, it was exclusively my life. But one could say my perspective of pity and guilt was actual ly somewhat of a perversion of the deeper meaning of the film. My feelings were not enlightened but the turnaround I was subjugating the peoples identities in the film by not recognizing their independent validity, and only reacting to their performance of emulation with condescending sympathy. My depression over the film resulted not from what gong Hookss depression stemmed as she explains her views on the film It is a documentary affirming that colonized, victimized, exploited black folks are all to willing to be complicit in perpetuating the fantasy that ruling-class white culture is the quintessential site of unrestricted joy, freedom, power, and pleasure. (Hooks, Is Paris Burning? pg. 149) I was only saddened by the fact that the performers in... ...int their faces brown and wear prosthetic breasts and butts would reference historical oppression, but that this historical oppression still effected people of today and was not simply a story of past times, but a continuing st ruggle. Like the deeply rooted racism and classism of Paris is Burning, a film seemingly celebrating the culture and people it serves to eventually dehumanize, the actions of Bert and Ernie stood for much more(prenominal) than two Haverford students lacking perspective and foresight. Bert and Ernies actions stand for a more deeply rooted problem of young people today forgetting that we are still attempt for equality and respect within our society and that no one is immune from this necessity for empathy and understanding. Works CitedHook, Bell (1992). Is Paris Burning? , Black Looks. (pp. 145-156). The Muppets Abstract. Oct. 5th, 2004.

The Power of Language in Shakespeares Othello Essay examples -- GCSE

The Power of Language in Othello In Othello, Shakespeare explores the relationship between course and events. Spoken thought, in the play, has all the power of action speaking ab erupt an event result make that event become reality for those who hear - it will affect reality as if that event had taken place. Shakespeare demonstrates the power of words poignantly through Othellos monologues. Othello struggles with the reality that Iago creates for him. When Othello speaks, he reveals that he is unable to stop himself from carrying out acts that Iagos and his own words have prophesied and initiated. Othellos monologues further demonstrate that even the knowledge of the power of words cannot protect the characters from the consequences which the words demand. Speaking about an event is presage in Othello, but it is more than just an objective foretelling of the future. Words become the all powerful initiators of action, once mouth they cannot be counter-acted , they alone get a line the course of the future. Othellos monologue before he murders Desdemona is an excellent passage to study Shakespeares thesis of how words relate to action. 7 Put out the light, and then range out the light8 If I quench thee, thou flaming minister,9 I can again thy former light restore10 Should I repent me. But once put out thy light,11 Thou cunningst pattern of excelling nature,12 I know not where is that Promethean heat 13 That can thy former light relume when I have plucked the14 rose15 I cannot give it vital growth again,16 It unavoidably must wither. (Othello, 5.2.7-... ...d the destinies of others. Shakespeares language in all of his writing is incredibly forceful, but in Othello he makes a statement about the powerful impact the spoken word has on reality. It is a message of responsibility and warning, Othello is a tragedy of powerful words spoken wantonly. Works Cited and Consulted Campbell, Lily B. Shakespeares Tragic Heroes. New York Barnes and Noble, Inc., 1970. Di Yanni, Robert. constituent Revealed Through Dialogue. Readings on The Tragedies. Ed. Clarice Swisher. San Diego Greenhaven Press, 1996. Reprint from Literature. N. p. Random House, 1986. Muir, Kenneth. Introduction. William Shakespeare Othello. New York Penguin Books, 1968. Shakespeare, William. Othello. In The Electric Shakespeare. Princeton University. 1996. http//www.eiu.edu/multilit/studyabroad/othello/othello_all.html No line nos.

Rappaccinis Daughter Essay: Allegory of the Garden of Eden

In the literal sense, Nathaniel Hawthorns Rappaccinis Daughter is the story about the rivalry between ii scientists that ultimately causes the destruction of an innocent young woman. However, when the story is examined on a symbolic level, the reader sees that Rappaccinis Daughter is an allegorical reenactment of the original fall from innocence and duty in the Garden of Eden. Rappaccinis garden sets the stage of this allegory, while the characters of the story each represent the important figures from the Genesis account. Through the literary devices of poetic and descriptive diction, Nathaniel Hawthorne conveys the symbolism of these characters, as well as the setting. The story takes place in mid-nineteenth century in Padua, Italy and revolves around two major settings the student residence of an old Paduan family, and Rappaccinis lush garden. The mansion is described as, high and gloomythe palace of a Paduan noble desolate and ill-furnished This description establishes a da rk mood throughout the story. Hawthorne writes, One of the ancestors of this familyhad been pictured by Dante as a partaker of the immortal agonies of his Inferno The allusion of Dante refers to The Divine Comedy and the Inferno describes the souls in Hell. Furthermore, Baglioni converses with Giovanni in this mansion chamber and tries to manipulate him in his sweat to destroy Rappaccini. In a sense, the dark and gloomy mansion symbolizes the domain of evil. The second major setting is the garden. The author uses poetic diction to describe Rappaccinis garden. Hawthorne writes, on that point was one shrub in particularthat bore a profusion of purple blossoms, each of which had the luster and richness of a gemseemed enough to light th... ...ce 35 (1989) 43-69. Male, Roy R. Hawthornes Tragic Vision. Austin Texas University Press, 1957. Marder, Daniel. Exiles at Home A Story of Literature in Nineteenth Century America. Lanham University Press of America, Inc., 1984. Norford, Don Parry. Rappaccinis Garden of Allegory. American Literature 50 (1979) 167-186. Phal, Dennis. Architects of the Abyss The Indeterminate Fictions of Poe, Hawthorne and Melville. Columbia University of Missouri Press, 1989. Person, Leland S., Jr. Aesthetic Headaches Women and Masculine Poetics in Poe, Melville and Hawthorne. Athens University of Georgia Press, 1988. Shurr, William H. Rappaccinis Children American Writers in a Calvinist World. Lexington University of Kentucky Press, 1981. Waggoner, Hyatt H. Hawthorne A Critical Study. Cambridge Harvard University Press, 1955.

International Business Economics Essay

Globalization and inter issue forms of conducting duty has been the overriding factor for most economies of the humannessly concern in the last two decades. According to economists, the political and scotch amalgamation of soils get out continue to grow as linkages to migration of products, money and people beyond their national boundaries become evident. This has led to the apprehension that, at that place is need for regional integration in terms of collective, political and sparing reorganizations. The main reasons for this argon to dissemble the affair environment friendlier, economic power shift and regional balancing.This essay will therefore argue out the pros and cons of regional integration with specific reference to the EU. It will discuss the general benefits that have so far been gained and the downbeat impacts experienced as a result of the same. More emphasis will be placed on the impacts on the member states themselves. Regional integration aims to promote ec onomic welf ar gains among countries that have come together to meet some specific economic objectives. The EU is both a functional entity and territorial in that its main duty is to transfer sovereignty and treat regional projects that include trading activities.In an economic perspective, it is responsible for the movement of goods which in most cases becomes devoid within the member states. It also handles issues of labour and capital amo0ng countries that want to boost their economic growth in other places not only among the integrated community but also in other parts of the world. The EU has however grown to become an economic logic drive that is driven by the political desire to counter Asian and Ameri lowlife competitory nature of wrinklees. (Hilbert, 2004) Whenever the term free trade in mentioned, many topics come into the mind of the listener.The first thing is app bently conducting of trade without barriers. That is precisely what happens in free trade areas/associa tions. In the past developed free trade associations, all barriers to the trade of goods and services among the countries that are party to the agreement are completely done away with and a conducive environment, for carrying out business is upheld. In theory, free trade area will have things like subsidies, custom duties, tariffs, administrative encumbrance or even quotas removed.In most cases, the countries are given the freedom to retain individual policies when talking about non-members. The most common types of free trade associations are the European Free Trade connector (EFTA) which was established in 1960 and the North American Free Trade Agreement (NAFTA) (P. de Vries, 2002) Previous research has shown that there are many theoretical and empirical do of free trade. This is according to the economists who have been able to study free trade in relation to regional integration and its economic, social and political implications on the countries. unrivaled aspect is that ther e is creation of losers and winners. In a survey that was carried out in the year 2006, it shows that 87. 5 percent of economists concurred that United States as a nation has to eliminate any barriers of trade that are heretofore existing including tariffs and other factors in order to have other nations within the Latin America regional to support their economic quest for businesses. (Temple, 1999) Advantages of regional integration Collective bargaining power in the trade fora is the major benefit for regional integration.The European coupler since its inception has been able to have a stronger bargaining power on most of the trading agreements and foreign direct investments. There have been instances where the U. S dominate the trade talks and trade policies in Europe especially when it dealt with only one country such(prenominal) as France. This makes it very difficult for that country to handle the economic problems that might arise. When the region comes together, even coun tries such as the UK need to think twice while drafting laws whether against or for the whole region.Some products that are made in the U. S. ave been denied access into the European Union markets because of some logistical issues affecting the two trading partners. (Levine, 1992) There is improved geopolitics among the participating countries. Like-minded countries can come together and assist other countries with fragile democracies, narrow global markets and limited opportunities to come t a level playing filed in the world delivery. This will probably encourage development in addition to best(p) and safe networks in the area. Political disbarment, conflict resolution and peace brokering is a draw benefit of regional cooperation.Taking into contemplation the fact that there is free movement of people and goods, the poor will tend to benefit enormously from better services and products i. e. a wide variety to choose from. A non-economic gain such as security is also a major fac tor that regional integration is able to bring forth to the partner states. It has been possible for the European Union to talk in one voice against many issues such as the fight against terrorism. (Lain, 2006) Larger markets are developed as a result of regional integration. Trade has become increasingly global in some scene today and there are reasons for this.One is the advancement in technology including communication efficiency and modernization where people are migrating to live in areas where they olfactory sensation they are comfortable. Increasingly, rapid technology lifecycles has increased competition among countries as to who can produce the best in the market hence the need to employ competitive marketing and business strategies which includes economic and monetary integration. When two or much nations come together to trade, first, the market potential increases and there is long customer free radical that will allow for the expansion of businesses.The EU for exam ple is a huge market for African and American products that may not have been possible if they traded one by one and not as a block. (P. de Vries, 2002) Strategic competitive advantage for most companies will be widened by the European Union. Taking for example the larger western European countries such as France and Germany will be able to absorb cheap raw products from Belgium and those who will benefit further will be the farmers. sometimes countries such as the UK can provide better and sophisticated communication systems that will boost business expansion in less economic countries of the EU.In some cases, regional integration gives the countries that are involved get better gains through the free current of trade in terms of investments especially beyond the jurisdictions of organizations such as the World Trade Organizations. (P. de Vries, 2002) Disadvantages It is difficult to coordinate activities of the member countries because of the fact that there are huge disparities within the member states within the EU. macroeconomic instability occurs as a result of unbalanced nature of the countries with regard to natural resources and infrastructure.This is reflected on the one nation intervention decisions on market factors such as custom duties, taxes and internal matters. This also manipulates itself in the form of governance. (Hilbert, 2004) Every nation has its own governance issues to deal with party politics, corruption, security, economic crimes, among others. This will make it impossible for the regional integrating body to look into the desires of affiliate states. To some extent, some government have authoritarian styles of leadership that prevent free flow of goods, people, community integration, and other development issues.This is most cases results in scepticism among the associate countries. The US, after the cold war was very pessimistic about the way Latin America was planning to form a regional body that encompasses the south and northe rn countries. All these political problems catapults regional disintegration and promote conflicts which are not favourite business catalysts. (Abeman, 2006) Some countries might lose out on the actual benefits of the integration because of the way the policies and structures may be drafted. Some countries which are more developed than others would benefit more.Taking an example of the industries such as textiles where majority of the employees here are low cost workers who may end up losing their jobs because of a shift in business locations. It is a fact that companies move to locations where the labour is cheap and investment opportunities are higher. The European Union for example has integrated the European countries in one or another. But the problem comes in when the countries such as France and the U. K invest in countries such as Spain which are still believed to have a lower economic growth than themselves. (Donovan & Marlette, 2005)It is very difficult to synchronize all rules and constitutional necessities that every country is structurally required to have. With huge disparities concerning the way Germany and UK conduct their international business, there will be looming problem in future when the countries wanted to have bring their heads together. When the EU constitution was brought into a referendum, France literally rejected it. This shows that there EU union will not come to an agreement in almost all things. Every business is affected by economic factors. Fiscal policy rates, interest rate policy, currency exchange rates, consumer factors, etc.It is possible that the U. S locale of the economy dictates how the consumer behaves in the society. If an economy is booming, recessing or recovering, the confidence of the consumer will automatically change. In all these factors, the member countries will push for their own rates to be accepted by the others. (Lain, 2006) vocational training for national protection especially on local industries th at may not effectively compete with other multinationals.It is therefore a setback for the European Union to adequately address equity and fair trade issues among countries in a bid to harmonize the member states. s a matter of theory, the thing that vestiges to be an issue of concern is the fact that every country would want to have the lions share when it comes to sharing same currencies, trade rules and business partnerships. This will cause poor relationships among competing nations and it might result to break-ups. (Donovan & Marlette, 2005) When there is free trade countries are normally subjected to stiff competition. This means that a countrys prosperity can be affected which is quite risky. This makes many countries to strive to protect themselves against effects of free trade.This can be implemented by ensuring that there is imposition of taxes on foreign goods hence increasing their prices. When this is done, it means that the countries own producers are protected. Resear ch shows that free trade exits in theory and not in practical. This is because many nations strive to protect their own industries. There are several ways through which many nations protect themselves from effects of free trade. There are some countries that limit the quantity of imported products (Lain, 2006)

Disastrous Date

Thither was this time I went start on a blind date. OK, non to loftyy blind, because Id met this guy on the Internet, and had sort of seen pictures. But this is back in the day when Internet dating only first kicked murder and digital cameras werent what they are now. Anyway, you get the picture the photos werent that clear. I thought it was a bit weird that when we were corresponding the guy kept on asking how tall I was, making a real big deal out of it. In one email he said he even got out a measuring tape to convert (I only knew in cms and he only knew in feet).Well my question was answered when I arrived (a bit late) at the fancy eatery he had booked for us he was tiny. OK, not that I have a problem with short guys, but Im short for a woman, and he wasnt a lot taller. That and the fact that the guy was old enough to be my grandfather early 60s at least I was in my early 20s. In emails prior to group meeting up hed said he was honest-to-god, but didnt give out any speci fics. I quite like older men, so it wasnt really something on the read/write head of my mind, and I just assumed hed be in the age category I had specified in my profile criteria.Well, let me just say this, theres older men and then theres just old. And this also has a lot to do with how much a guy looks after himself, his dress sense, his outlook on liveliness etc. Dinner was long, drawn out and awkward as hell. We had zero things in common and the guy was really boring and from a totally unalike world and generation to me. He also had this habit of making a sort of hmmmm sound when he looked at me across the table which was totally creepy. Im not sure if it was a nervous tick or if he thought it was a sexy kind of thing to do.At one point I had a brief vision of those small old hands touching my bare skin and I wanted to run out of there screaming. If a virtuoso had told me this I would have said to her, why didnt you just leave? And the thing is it was such a fancy place, wit h the whole three courses, plus little things here and there from the chef, that it just didnt feel right to up and leave after the starters. Also, although we were unsuited to each other, this guy had clearly gone through some deflect to book a nice place and make it special, and I felt it would have been rude to just leave him stranded there.Finally dinner came to an end and I couldnt wait to beat it out of there. Outside he hailed a taxi for me and said in the same weirdly creepy old guy laborious to be sexy voice, You know, I dont have to be up early tomorrow morning, unless of course you want to be my alarm clock? To which I replied (nervously laughing), You know, unluckily I do have to be up early that is, maybe next time. Before beating a hasty retreat. I guess I didnt come off much better in the date either, because I didnt hear from him after that.

When to bail out

Even the proponents of free economy accept some form of regulatory intervention on organizations that become mighty aright. The regulatory authorities have a right to intervene, if the market forces are giving unfair advantages such(prenominal) as monopoly or pollution. Commercial banks can become mighty powerful and at the same be very fragile. Even flourishing capital markets have not undermined the importance of commercial banking.Commercial banks are a astray used tool to stimulate the economy by means of loans that stimulate consumption and investment. Therefore, in essence the health of the banking sector is directly related to the health of an economy. liquidness stake is inherent to commercial banking because the depositors can come and claim their deposits at anytime. A mismatch of time to maturity of advances and deposits can create severe problems. For instance, a wave of panic-stricken withdrawals can essentially bankrupt a bank in no time.This can trigger systemati c jeopardy and leave the full economy shaken. The banks need to monitor their asset liability management statistics because any mismanagement can lead to bank runs or cash shortages. For these problems, central banks guide of commercial banks to insure their deposits and provide them with liquidity support. By providing liquidity support central banks regulate the money market and injecting cash in the economy when demanded. These solutions in effect lead to other problems.For example, in insured deposits, depositors stop monitoring a banks performance and the banks increase their risk appetite by increasing lending. To address this issue the central bank requires banks to maintain a minimum capital adequacy ratio, and regulate insurance premiums to be proportional to the risk of a banks lending. However, recent stats suggest that capital adequacy is not a safe determinant to monitor banking sector. Commercial banks start to everywhere rely on central banks liquidity support and tend to lend high premium loans to institutions with lower credit ratings.Even if such lending results in volatility in the money market such variations are small compared to the banks capital. Central bank needs to be proactive rather than be reactive because the public cost of economic instability and high interest rates is too high. Even the Basel II addresses risk capital framework but does not address provisioning for funding. The emphasis should be on liquidity rather than on solvency alone. Therefore, commercial banks need to be scrutinized through stricter prudential regulations.