...are all in there! Though dealing with a very complex issue, the movie has beautifully dealt with the topic and made it much easier for common man to understand the reason behind the nerve wrecking recent financial crisis that hit USA and then the world’s economy. The film is divided into five main parts, covering a wide scope- Who, what, when, why, how… it is all answered! Unlike most other documentaries that have been released over the past several years, ‘inside job’ bases its arguments on numbers and facts and doesn't just emotions. The first part of the movie- “How we got here?” Takes the viewers back to history in the 1930s when US had a strong financial system. The regular banks were local businesses and were not allowed to mess around with the depositor’s money. The investment banks were private partnerships and thus did not make risky investments. The journey of US’s finance and banking sector towards its own self destruction began under the regime of president Ronald Reagan...
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...Awareness Dec’2013 * East Timor film ‘Beatriz’s War’ bagged Golden Peacock award for Best Film at 44th International Film Festival of India. * World AIDS Day was observed on 1 December 2013 across the globe to raise awareness about the HIV/ AIDS. * Tripura on 30 November 2013 introduced for the first time in the country PVC Electoral Photo Identity Card as mandated by Election Commission of India. * India’s Mars Orbiter Spacecraft successfully placed in Mars transfer trajectory on 1 December 2013 by ISRO scientists. * Indian shuttler PV Sindhu on 1 December 2013 won the Women's Singles trophy at the Macau Open Grand Prix Gold Badminton Tournament. * International Day for Abolition of Slavery was observed on 2 December 2013 across the world to create awareness about abolition of slavery. * Paul Walker, the star of the "Fast & Furious" movie series, died in a car accident in Southern California, US on 30 November 2013. * An Egyptian constitutional panel on 1 December 2013 approved a new draft constitution for Egypt. * China on 2 December 2013 successfully sent an unmanned lunar probe with a robotic rover to soft land on the Moon, and to explore moon’s surface. * India cricket team has retained its top position in the latest ICC ODI rankings and second position in the Test cricket rankings. * President of India Pranab Mukharjee on 1 December 2013 inaugurated the Nagaland's traditional Hornbill Festival in Nagaland * Department of Posts...
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...Emancipation and Apprenticeship Pre-18th Century Attitudes to Slavery Like other people of the time, Europeans believed that the enslavement of another person was justifiable as long as a reasonable explanation could have being given for the enslavement. In Africa itself, slavery was acceptable and people were taken as slaves in three ways: as prisoners in war, as a punishment for a crime and as a payment for debt. An English philosopher, John Locke stated that slavery is only justifiable when a person was then taken captive as a prisoner of war e.g.: in crusades. The Spanish questioned whether slavery was right but they still practiced it. They argued that slavery although wrong was necessary in order to develop their empire and to convert heathens to Christians. The Bible itself was ambiguous enough for Europeans to use it as the foundation for supporting slavery e.g.: the story about the curse on Ham and his posterity and their ‘blackness’ giving them inferiority and making them slaves forever. 18th Century Attitudes to Slavery In the 18th century, there was a changing attitude towards slavery, ideas about Christian brotherhood and that Christians could not be enslaved became popular for e.g.: the Quakers believed that blacks have immortal souls just like whites and can be saved as well. In France, the anti-slavery group was more of secular than a religious group. They were humanitiarrtians who believed that all men were created equal and that all men...
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...Bolsheviks consolidation of power How did the Bolsheviks deal with the socialists? Lenin started talking to other parties about a power-sharing government because he was forced after the railwaymen`s union, the post and telegraph union threatened to cut off communications if the Bolsheviks didn't hold talks with the other different parties. What could have happened is that food supplies would be paralyzed to get to Petrograd and also to other cities. Brest-litovsk treaty consequences The main implications of the treaty were that Russia ceded Finland, the Baltic states and Poland – a million square kilometres of territory which contained 74% of the country´s coal and iron ore mines, 27% of their productive farmland as west Russia had the best agricultural resources, one fourth of the railway, and 30% (62 million people ) of the population. Finland had been ruled by the Tsars since 1809, the Germans helped the Finns to defeat a Bolshevik rising and Finland remained independent under the Brest-litovsk treaty. Estonia, Latvia and Lithuania became independent republics as well as some of the Russian-held area of Poland, Bessarabia was handed over to Romania. Germany set up semi-independent governments in Belarus, Ukraine and Georgia. Patriotic Russians started loathing the Bolsheviks and a civil war seemed inevitable. The Social revolutionaries left the Svornkom as they rather have a revolution that a Coup d´ état. The Cheka leader was captured during an uprising, however he...
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...HISTORY NOTES SLAVERY IN THE BAHAMAS. CONTINUED The Haitian Revolution- The Haitian Revolution was the only successful revolution in the Caribbean in which slaves totally overthrew the shackles of slavery. It started in 1791 in the French Colony of St.Domingue (Haiti).The whites and Mulattoes (mixed race) were at war over privileges by the revolutionary government of France. The people wanted three major things: Freedom, Equality and Fraternity (unity). The slaves under the leadership of Toussaint L’Ouverture, seized the opportunity to capture vital areas and to fight the French .By 1795, he became known as “Master of the Colony”. He encouraged the ex-slaves to restart the development of the economy. However, he was captured in 1801 by the French and placed in a French prison until he died of Pneumonia in 1803. [pic] Fighting continued until January 1, 1804, when the island was declared independent by Jean-Jacque Dessalines. He renamed the island “Haiti” which means “Mountainous” in Arawak language. The island serves as a beacon of hope to slaves in other islands of the Caribbean who were still living in bondage. HAITIAN SOCIAL HIERARCHY GRAND BLANCS [Equality with whites in France] | PETITE BLANCS [Equality& Fraternity] | MULATTOES [Equality] | SLAVES [Freedom] Dutty Boukman- He was a voodoo priest whose death was largely...
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...recent financial crisis that hit USA and then the world’s economy. The film is divided into five main parts, covering a wide scope- Who, what, when, why, how… it is all answered! Unlike most other documentaries that have been released over the past several years, ‘inside job’ bases its arguments on numbers and facts and doesn't just emotions. The first part of the movie- “How we got here?” Takes the viewers back to history in the 1930s when US had a strong financial system. The regular banks were local businesses and were not allowed to mess around with the depositor’s money. The investment banks were private partnerships and thus did not make risky investments. The journey of US’s finance and banking sector towards its own self destruction began under the regime of president Ronald Reagan who introduced a lot of deregulation policies which continued under the Clinton and Bush administration as well, with the advice of the likes of Alan Greenspan, Larry Summers and Robert Rubin. Abolition of the ‘Glass Steagall Act’, banning regulation of...
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...used new media strategies in its product development, Iphone application and Facebook * Based on feedback, Ferraro was able to introduce two new products to the TIC TAC line * In 2010 , Ferraro launched its first boutique store online, www.ferraroboutique.com.au , selling many gift boxes * In 2010, Ferraro promoted Nutella by sponsoring the Football Federation of Australia and the Socceroos * Ferraro emphasized that Nutella was one of Australian’s best known by associating it with a sport * In 2010, Ferraro aimed to introduce “fresh” products, using new technologies, in order to improve its reach into South American and Asian markets * Ferraro Australia engaged in many community programs such as a food bank that distributes food and grocery industry donations to welfare agencies to feed the hungry * Ferraro supports Brainwave,...
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...THE UNIVERSITY OF DODOMA SCHOOL OF SOCIAL SCIENCES DEPARTMENT OF BUSINESS ADMINISTRATION MBA-EXECUTIVE PROGRAMME 2009/2010 RESEARCH PROPOSAL By KIBIKI YUSTIN, L.M TITLE: MANAGEMENT OF CAPITATION GRANTS IN PRIMARY SCHOOLS OF TANZANIA: A CASE OF KIGOMA DISTRICT COUNCIL PROPOSED SUPERVISOR: DR MBOGORO DEPARTMENT OF ECONOMICS –UDOM 1. INTRODUCTION 1.1 Background to the Study Problem Sound Economic Governance is essential for the achievement of the desired reduction in poverty levels and improvements in economic growth in Tanzania. Good Public Financial Management (PFM) is important for efficient, effective and equitable utilization of scarce national resources (REF). Whilst the extent to which policy makers are held accountable to their constituents is an excellent indicator of good governance. Accountability and transparency go hand in hand in developing open and participatory decision-making processes. In 2005, the government of Tanzania reviewed the financial management practices and processes at the central government level. In 2006, the focus has shifted to local government, which now accounts for an increasing proportion of expenditures and is primarily responsible for service delivery in sectors such as primary education and primary health (URT, 2004). This kind of study is therefore wanting to provide a snapshot of how the resource allocation, resource management and control, resource utilization and accountability processes take place...
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...Karl Marx’s ideas and later his books had great influence on Russia and eventually Soviet Union. There is no perfect political party or system, but Marxism appealed to Russian people more than any other system and eventually became a “guide” for the life after Tsars. To understand why Marxism played such a major role in Russian history, we will discuss historic events that led to the end of Tsarist Russia and discuss both sides of the argument – for and against Marxism. By the end of the 19th century and beginning of the 20th, Russia was not a great Empire it used to be. Country was falling behind Europe in every aspect – economy, military and industrialization were not on par with the western world. Poverty and no glimpse of “brighter future” for lower class, or should we just say poor people, was working against Nicholas II and his reign. Throughout its history Russia was mostly an agricultural country, but with the need of industrialization and further development at the turn of the 20th century, the necessary for Marx’s ideas class was rising – proletariat, or working class. Working hours and conditions were unbearable across all industries and with work demand being way higher than available positions – pay was minimal, since there was the next guy who was willing to work for anything at all. Population was growing with anger and desire for change, but not necessarily overthrowing the Tsar. But since nothing was being done, and bourgeoisie was getting richer – landowners...
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...beyond the control of the individual worker. Unemployment may be due to seasonal layoffs (e.g., in agricultural jobs), technological changes in industry (particularly by increased automation), racial discrimination, lack of adequate skills by the worker, or fluctuations in the economy. The term underemployment is often used to describe the condition of those who work part-time because full-time jobs are unavailable or who are employed at less-skilled work than they are qualified to do. Unemployment is one of the most serious problems facing the African continent. In accordance with IMF/World Bank conditions, most of the African countries applying structural adjustment measures have retrenched large number of public-sector workers. In February 1995, for example, the Zimbabwean Cabinet ordered all government ministries to reduce their staff numbers by 40 per cent, which translated into the abolition of about 10,000 posts by the middle of the year. The bad situation in Africa has been exacerbated by demographic pressure, resulting in a high number of new entrants to the labour market annually. The target group which deserves special mention consists of young people and women, who constitute the bulk of the unemployment in Africa. There is also an increase in unemployment among university graduates in many African countries. There are several reasons for this, including changes in societal goals and aspirations. Increased education is encouraged by changes in government policy, such as...
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...formulated not as a policy prescription for development, but was a lists of policies that were widely held in Washington in 1989 that were desirable for implementation in Latin America. He noted there were other development policies that he thought were useful, but were not included in the Washington Consensus since they did not enjoy widespread support. He suggested the Washington Consensus had three different meanings. First, was his original list of ten specific policy reforms. The second understanding was that the Consensus was a set of economic policies advocated for developing countries in general by official Washington, such as the IMF, Bank and US Treasury Department. These policies augmented the original policies advocated by Williamson, and emphasized institutional reforms. The third meaning was espoused by critics of the IMF and Bank who suggested these were policies imposed on client countries, and were an attempt to minimize the role of the state. Williamson criticized the third view as one not grounded in fact. In retrospect, he added that he was wishful in his thinking about a consensus on the issue exchange rate policies. He was also strongly critical of the IMF’s move to rapidly dismember capital controls in Asia during the financial crisis of the late 1990’s. Williamson then discussed the ten policy reforms of the Consensus. First, was that budget deficits should be small enough be financed without recourse to the inflation tax. He said the view that widely held...
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...The wealth chasm: a dangerous cocktail The street demonstrations of 2011 and 2012 are still fresh in our minds. Thousands of voices chanting, “We are the 99%!” and blockading the stock exchange have not left the psyche of American’s, and were successful in getting their message across. Before 2011, it was heard in whispers: “They have too much.” Now, it’s a shout. The rich are indeed doing very well for themselves. In fact, the wealth gap is almost unprecedented, except for right before the great depression, and the subsequent rebellion that shook the United States that ultimately resulted in the New Deal. (DeSilver, 2013) History doesn’t necessarily repeat, but we are seeing a world eerily similar to that which was in place before 1929: The rich hoarding all the money and anger simmering in the proletariat. Globally, the reaction against this sort of systemic looting of the people by the capitalist class is taking form and is becoming increasingly better organized and more violent. The global wealth gap is a combustible recipe for insurrection, and will result in a collapse of capitalism and the rise of radical left, and right wing ideologies if it is not fixed. The wealth gap in the world is at astonishing levels. A simple browse of the news, or the Facebook feed of any liberal-leaning page will bring up statistics that would seem like they were made up if we weren’t bombarded by them at all times, and the data to back them up. According to William Domhoff of the University...
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...proportion of Pakistan’s working-age population provides the country with a potential demographic dividend but also with the critical challenge to provide adequate services and increase employment Economical view: Pakistan faces significant economic, governance and security challenges to achieve durable development outcomes. The persistence of conflict in the border areas and security challenges throughout the country is a reality that affects all aspects of life in Pakistan and impedes development. A range of governance and business environment indicators suggest that deep improvements in governance are needed to unleash Pakistan's growth potential Pakistan also faces significant economic challenges. The sharp rise in international oil and food prices, combined with recurring natural disasters like the 2010 and 2011 floods had a devastating impact on the economy. As Pakistan recovered from the 2008 global crisis, its gross domestic product (GDP) grew 3.8 percent in Fiscal Year 2009/2010 (FY09/10). The 2010 floods, with an estimated damage of over $10 billion, caused growth to slow down to 2.4 percent in FY10/11. The Pakistan economy grew by an estimated 3.7 percent in 2011/12, against the pre-flood targeted growth rate of 4.2 percent. Inflation declined, but continued its four-year run in double digits, and the fiscal deficit is also estimated to have reached about 8 percent of GDP, double than budgeted, fueled in part by continuing energy subsidies. On a more positive side, exports...
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...How To Feed A Billion. And Why It Pays Shoma Chaudhury | Aug. 30, 2013, 2:19 AMArticle views - 186 The Food Security Bill is not a spend; it is an investment, crucial for India’s future and growth On 26 August, after months of wasted sessions, the Lok Sabha finally passed a historic legislation: the Food Security Bill . Many Indians woke two days later to headlines that the rupee had nosedived and the Indian markets had been “food poisoned”. It was a smart phrase. It captured the horror industry and what investors feel about the Bill. But it also epitomised the damaging hysteria and misinformation around it. It captured one of India’s most harsh dividing lines. In the summer of 2012, I travelled with economists Jean Drèze and Reetika Khera through some of Uttar Pradesh ’s most impoverished districts. They were on a fact-finding mission, going door-to-door in the searing sun, asking people whether they had enough to eat and whether the government’s Public Distribution System (PDS ) reached them. It was a deeply humbling experience. In hut after hut, one was confronted by the sheer absurdity of the Indian situation. In some of the country’s most forsaken landscapes — dust and bare scrub for miles, not even the possibility of employment anywhere — destitute, bone-thin families produced their pink and white ration cards with utter bewilderment. The first, a BPL card — below poverty line — entitled them to rice, wheat, and some sugar. The second, an APL card — above poverty...
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...TOPIC 1: THE AMERINDIANS Week 1: THE ARAWAKS (Theme One) PAPER: CORE CONTENT----BAHAMIAN-WEST INDIAN HISTORY References: Bahamian History Bk.I by Bain, G. Macmillan,1983 2.Caribbean story Bk. I and II By Claypole, W Longman (new edition) 1987 3. Development to Decolonization by Greenwood R, Macmillan, 1987 4.Caribbean people Bk.I by Lennox Honeychurch. Nelson, 1979 The Migration of the Indians to the New World. It is believed that the people who Columbus saw when he came to the New World were nomadic hunters from central and East Asia who followed the buffalo and deer. When the herds moved, people moved after them because they were dependent on the animals for food. It is therefore suspected that the herds led the people out of Asia by the north-east, across the Bering Strait and into North America. They crossed the sea by an ice –bridge when it was frozen over during the last Ice-Age. They did not know that they were crossing water from one continent to another. Map 1 Amerindians migration from central Asia into North America. The Amerindians settled throughout North America and were the ancestors of the many Red Indian tribes we know today, as well as the Eskimos in the far north. In general, they were nomadic but some followed settled agricultural pursuits and developed civilizations of their own like the Mayas in South America (check internet reference for profile on this group, focus on...
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