...www.capitalvia.com Global Research Limited IMPACT of GREECE White Paper - Impact of Greece Crisis Global Research Limited Introduction Historically, financial crisis tend to lead to sharp economic downturns, low government revenues, widening government deficits, high levels of debt, pushing many governments into defaults. This is called SOVEREGIN DEBT CRISIS. GREECE is currently facing this, it accumulated high levels of debt during the decade before the crisis, when capital markets were highly liquid. As the crisis has unfolded and there was liquidity crunch in world economy, Greece may no longer be able to rol over its maturing debt obligations. Build – Up To The Current Crisis Between 2001-2008, Greece reported budget deficits averaged 5% per year, compared to Eurozone average of 2%. Also, its current account deficits averaged to 9% per year compared to Eurozone average of 1% Greece funded these twin deficits by borrowing in international capital markets, leaving it with chronically high external debt (115% of GDP in 2009) Some of the facts which can be depicted from following charts : www.capitalvia.com 2 White Paper - Impact of Greece Crisis Global Research Limited How Country Debts And Budget Deficits Compare? Projected budget deficit for 2009 Budget deficit figs as % of GDP Debt as % of GDP UK 13% Greece 12.5% Spain 11.25% Ireland 54.3% 68.6% 112.6% 65.8% 10.75% 114.6% 5.3% Italy Germany 3.5% 74.3% Source:...
Words: 2290 - Pages: 10
...www.capitalvia.com G lobal Research Limited I MPACT of G REECE White Paper - Impact of Greece Crisis Global Research Limited Introduction Historically, financial crisis tend to lead to sharp economic downturns, low government revenues, widening government deficits, high levels of debt, pushing many governments into defaults. This is called SOVEREGIN DEBT CRISIS. GREECE is currently facing this, it accumulated high levels of debt during the decade before the crisis, when capital markets were highly liquid. As the crisis has unfolded and there was liquidity crunch in world economy, Greece may no longer be able to rol over its maturing debt obligations. Build – Up To The Current Crisis Between 2001-2008, Greece reported budget deficits averaged 5% per year, compared to Eurozone average of 2%. Also, its current account deficits averaged to 9% per year compared to Eurozone average of 1% Greece funded these twin deficits by borrowing in international capital markets, leaving it with chronically high external debt (115% of GDP in 2009) Some of the facts which can be depicted from following charts : www.capitalvia.com 2 White Paper - Impact of Greece Crisis G lobal Research Limited How Country Debts And Budget Deficits Compare? Projected budget deficit for 2009 Budget deficit figs as % of GDP Debt as % of GDP 68.6% UK 13% 112.6% Greece 12.5% 54.3% Spain 11.25% 65.8% Ireland 10.75% 114.6% Italy ...
Words: 2286 - Pages: 10
...Membership in a Fraternity or Sorority, Student Engagement, and Educational Outcomes at AAU Public Research Universities Gary R. Pike Research involving 6,782 undergraduates (50% first-year students, 50% seniors, 16% fraternity/sorority members, and 58% females) at 15 AAU public research universities revealed that Greek affiliation had a weak positive relationship with engagement and gains in learning. The effects for Greek affiliation were stronger for seniors than first-year students. During the past 4 decades, the role of fraternities and sororities on college campuses has come under increasing scrutiny (see Clark, 1962; Jakobsen, 1986; Kuh, Pascarella, & Wechsler, 1996; Maisel, 1990; Winston & Saunders, 1987). Critics of the Greek system have pointed to research showing that membership in a fraternity or sorority is associated with higher levels of alcohol use (Wechsler, Kuh, & Davenport, 1996), lower levels of personal development (Wilder, Hoyt, Doren, Hauck, & Zettle, 1978; Wilder, Hoyt, Surbeck, Wilder, & Carney, 1986), and lower levels of academic achievement (Blimling, 1993; Pike & Askew, 1990). Recently, criticisms of the Greek system have intensified and focused on research results showing that Greek affiliation can have negative effects on students’ learning and intellectual development (Pascarella et al., 1996). Based on results of the National Study of Student Learning (NSSL), Kuh et al. (1996, p. A68) concluded: “Fraternities are indifferent to academic values...
Words: 6477 - Pages: 26
...In this research paper, I will examine how Greek education, Greek lifestyles, and Roman ideologies apply to understanding the founders of our nation. To create the foundation for American democracy today, our founders utilized their knowledge of the classics to formulate ideas create and create effective communication. Starting from the as young as the age of eight, our founders began Greek classical condition in order to be able to recite pieces of work for college admission (F.1, 2). These pieces of literature included Greek works such from Isocrates, Homer, Xenophon and the Greek New Testament (F. 2). Because grammar masters focused little else besides literature, teachers “required young scholars to display their knowledge of Latin and...
Words: 866 - Pages: 4
...2 Reflection Paper “Off the Shelf and into Yourself” In this modern time of electronic explosion, using the right tools to properly exegesis the word of God is crucial. Not eliminating the bible as the concrete foundation of our Christian knowledge but allowing other resources to become windows in our biblical mansion. The author Mr. Black is sharing with us the necessity of having the right tools to properly make application of the word of God. Greek is the language used by the Gentiles in the New Testament and to adequately teach or preached the New Testament scriptures one need understand Greek translations. There are tools to assist in understanding Greek and we must take advantage of them just like a mechanic always update their tools according to modernization of cars. Paul writes to Timothy and states “to study to show ourselves approved to God, a worker who does not need to be ashamed, rightly dividing the word of truth”, (II Tim. 2:15). The author recommends ten essential tools in using and understanding Greek in ministry, which six of those tools will be discussed in this assignment. Let me establish that all of the tools are essential although I am discussing only six. The first tool is an English bible, whether the King James, (which is the recommended one), the Amplified Bible or whatever your preference is, one need a bible that adequately explains in English for easy comprehension. Secondly, one will need a modern edition of Greek New Testament...
Words: 2960 - Pages: 12
...Clinical Psychology August 19, 2014 Dawn Smith Examination of Clinical Psychology Out of all the intriguing fields of psychology to study and examine, clinical psychology is perhaps one of the most interesting to elucidate. With its roots stemming back to the philosophy of the one and only Sigmund Freud, clinical psychology has progress to a modern psychology saturate with elements of research from philosophy, science, and other useful means of examinations. Scientific advances are continuing to make strides toward transforming clinical psychology into clinical interventions that help and treat human needs and different challenges. Although clinical psychology differs in many ways from the other fields of psychology, it does hold one key attribute that all the others hold and that is promoting the quality of life for all humans. In this paper a brief history of clinical psychology will be provided. This paper will also illuminate the evolution of nature of clinical psychology. This paper will also examine the role that research and statistics play in clinical psychology. Lastly, this paper will discuss how clinical psychology differs from all the other disciplines on psychology. When examining clinical psychology it is imperative to understand what exactly clinical psychology is. Clinical psychology is a mixture of science, clinical knowledge, and or theories working together to help understand psychologically based dysfunctions while preventing and relieving the dysfunctions...
Words: 1333 - Pages: 6
...Modern Psychology reflects the discipline’s diverse history; the formation of psychology differs dramatically from modern-day conceptions of the field of study. To acquire a complete grasp of psychology, it is important to spend more time exploring the history and origins of this particular study in science. In this particular paper, the main concepts that is being explored is philosophers that historically relate to the beginnings of psychology as a formal discipline, major philosophers in the western tradition that were primary contributors to the formation of psychology as a discipline, and the development of the science of psychology during the 19th century. History of Psychology Psychology was not well known as a separate discipline until the late 1800’s, its initial history can be traced back to the era of the early Greeks. All throughout the 17th century, Rena Descartes, a French philosopher, introduced the first idea of dualism, which is the explanation that the mind and body are separate parts that work together to create the human experience. “Many other issues still debated by psychologists today, such as relative contributions of nature vs. nurture are rooted in these early philosophical traditions” (Citizendium, 2010). Psychology has been often mistakenly viewed as a young discipline, in all actuality Psychology has roots extending from ancient Greece. The father of psychology is known as Aristotle, he wrote his thesis “ De Anima, Parva Naturalia approximately...
Words: 876 - Pages: 4
...Flaws with Black Scholes & Exotic Greeks Treasury Perspectives Flaws with Black Scholes & Exotic Greeks 1 Flaws with Black Scholes & Exotic Greeks 2 Flaws with Black Scholes & Exotic Greeks Dear Readers:It’s been a difficult and volatile year for companies across the Globe. We have seen numerous risk management policies failures. To name a few... UBS, JPM Morgan, Libor manipulations by European, US and Japanese banks and prominent accounting scandals like Lehman… As rightly said by Albert Einstein “We can't solve problems by using the same kind of thinking we used when we created them.” and when you can't solve the problem, then manage it and don’t be dependent upon science as Science is always wrong, it never solves a problem without creating ten more. The same is the case with Foreign Exchange Risk Management Policies (FXRM) which if can’t be managed properly then would lead to either systematic shocks or negative implications at the bottom line of the corporate, banks, FI and trading houses P&L A/cs. That is something risk management struggles with, say the experts. In Richard Meyers’ estimation, risk managers or traders do not socialize enough. “It’s all about visibility,” he said. Meyers, chairman and CEO of Richard Meyers & Associates, a talent acquisition and management firm in New Jersey, relates the story of a firm that decided to adopt an Enterprise Risk Management (ERM) strategy. Instead of appointing its risk manager to head...
Words: 9364 - Pages: 38
...Examination of Clinical Psychology Paper Psy 480 Dr. Gurinder Bolina Examination of Clinical Psychology Paper Clinical Psychology has been a major part of our history from the Greek philosophers to Sigmund Freud to our modern day psychologist and philosophers; our knowledge about psychology and how information has been drawn from others has been evolving. During Clinical Psychology, psychologists find new clinical interventions by gathering information and philosophical aspects through data. In this paper, there will be not the history of this psychology but the differences between the medical health professions and clinical psychology. According to James, J. and James, M. (1991), “Although, various distinctions exist between clinical psychologists and other psychological disciplines, all endure to promote a better quality of life from and for the human spirit.” The History of Clinical Psychology The Greeks developed the first ideas of psychology. Three philosophers named Aristotle, Hippocrates, and Plato believed that a person’s individual body reacts from the individual’s soul being in charge and that if a person becomes ill ;especially, physically ill means that the person was suffering something within their soul that is resulting in them being this way. According to Plante, T. G. (2011), “The way the Greeks were able to understand how disease transported was not controlled by the gods but, because of social, biological, and psychological effects exchanged between...
Words: 1014 - Pages: 5
...Date In times we see many different cultures that evolved around the earth and throughout time as well. This paper will examine Native Americans, Greek and the Japanese rites of passage. Ceremonies that mark important transitional periods in a person's life, such as birth, puberty, marriage, having children, and death. Rites of passage usually involve ritual activities and teachings designed to strip individuals of their original roles and prepare them for new roles. The traditional American wedding ceremony is such a rite of passage. In many so-called primitive societies, some of the most complex rites of passage occur at puberty, when boys and girls are initiated into the adult world. In some ceremonies, the initiates are removed from their village and may undergo physical mutilation before returning as adults (Rites of passage,(n.d.). Rites of Passage have been a path of life throughout time and space. Anthropologists have found many differences between cultures but also many similatries. Rites of passage from boy to man or girl to woman are different in some and strange in others. The Native Americans and the Greeks were not the same as the Japanese, but yet believed in some of the same old blood ways. Rites are not taught but learned throughout one’s lifetime. Native Americans had a volatile version of passage. In the earlier years, the Native American boys would play as boys. They would follow fathers and love mothers. They would show you what life had to offer...
Words: 2567 - Pages: 11
...Konstantinos.ardavanis@hofstra.edu Office Hours: Tuesdays 11:00 A.M. – 12:00 P.M. COURSE DESCRIPTION This course is designed to help you learn about the Sociology of Religion, with special attention paid to contemporary issues in religion and society in the United States. This course will set out to explore the various rituals, values, and customs that a society embraces, and through this, find the hidden meaning behind the cultural knowledge that these values, rituals and customs provide. While people use these values, rituals, and customs to interpret the world around them, it will be our job to discuss the implications and unconscious assumptions that these interpretations provide using a number of qualitative and quantitative research methodologies. TEXTS AND READINGS REQUIRED • Sociology of Religion: Contemporary Developments (2nd edition) by Kevin J. Christiano, William H. Swatos Jr., and Peter Kivisto, ISBN 978-0-7425-6111-3 • Additional readings to be posted to Blackboard SUGGESTED • Durkheim, Emile. 1965. Elementary Forms of the Religious Life. New York: Free Press. • Marx, Karl and Frederich Engels. 1978. "The Communist Manifesto" and “the German Ideology,” in The Marx-Engels Reader. Ed. Robert Tucker. New York: W.W. Norton. • Weber, Max. 1958. The Protestant Ethic and the Spirit of Capitalism. New York: Charles Scribner. • Weber, Max. 1978. "Religious Groups (The Sociology of Religion)". Economy and Society. Berkeley: University of California...
Words: 3279 - Pages: 14
...« Study and create flashcards for free at Cram.com Sign In | Sign Up StudyMode - Premium and Free Essays, Term Papers & Book Notes Essays Book Notes AP Notes Citation Generator More Thesis About Fraternities Essays and Term Papers Advanced Search Documents 1 - 20 of 987 Thesis Name A Thesis Presented to the Faculty Of Tourism and Hospitality Management Department National College of Science and Technology In Partial Fulfillment Of the Requirement for the Degree Bachelor of Science in Hotel and Restaurant Management Mr. Christer John R. Manalo Ms. Jemimah V. Cami Premium 6280 Words 26 Pages Soc Thesis Writing Within Sociology: A Guide for Undergraduates Department of Sociology Oregon State University Table of Contents Acknowledgments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . iii 1. Introduction . . . . . . . . . Premium 37612 Words 151 Pages Thesis UNDERGRADUATE THESIS PROJECT PROPOSAL School of Engineering and Applied Science University of Virginia Study and Analysis of Fire Protection Systems in Fraternity and Sorority Houses at the University of Virginia Submitted by Nicholas Feakins Mechanical Engineering S Premium 3856 Words 16 Pages The Positive Aspects of Fraternities The Positive Aspects Of Fraternities A college fraternity exists on the premise that...
Words: 1369 - Pages: 6
...------------------------------------------------- Policy Paper, spring 2012 ------------------------------------------------- Is a Greek exit from the European Union inevitable? 0909512 Table of Contents Pg. List of Illustrations 3 Executive Summary 4 1.0 Introduction 5 2.0 The Economic Cost and Benefit for State Membership of the EMU 5 2.1 Benefits of EMU Membership & Mechanisms 5 2.2 Costs of EMU Membership 7 3.0 Contextual Factors: The Profusion of Dept 10 3.1 The Eurozone Crisis 10 3.3 Greece- The Forefront of the Euro Area Crisis 13 4.0 Alternate Policies and the Effective Consequences 15 4.1 Predicament 15 4.2 Abetting Dependent on Austerity 16 4.3 Creditor-Led Default 17 4.4 Debtor-led Default and Greek Haircuts 19 4.5 Greek Exit 20 5.0 Recommendation 21 Appendices: Appendix 1: Preferential liberalization References List of Illustrations Pg. Illustration 1: The cost of EMU- Diminishing Domestic Flexibility to Asymmetric Macro Shocks 7 Illustration 2: Cost and benefit of Monetary Unions 9 Illustration 3: Evolution of Nominal Unit Labor Costs in the Eurozone Pre to the US Credit Crunch 9 Illustration 4: Current Account Balances in Percentage GDP 10 Illustration 5: Core Bank Exposure to the Weaker Eurozone Member States 12 Illustration 5: Holders of Greek Government Bonds and Dept (in billion Euro)...
Words: 6430 - Pages: 26
...Soccer Research Paper How Soccer started The history of soccer started long ago, and it’s big now. The Chinese and Japanese people played many different kinds of soccer in ancient times. In fact it really started the whole soccer Industry. 2000 years ago Chinese people kicked and move a ball with their feet to train soldiers. The Han Dynasty of football/soccer was called Tsu’ Chu and they kicked a ball made of leather with feathers inside through an opening. Another game that is almost like Tsu’ Chu is Kemari which is still played today. The Greeks and Romans also played many different forms of soccer in ancient times, that were fun. A game played by the Romans was Harpastum. In this game 27 men played on each side, and it was so rough and crazy that 2 thirds of the men had to be hospitalized after a game. Soccer/football was hard and you need to have technique and talent for it, so they used it to train soldiers. Football was believed to came from Harpastum. The game was brought to Britain from the Greeks and Romans. Another game played was Episkyros by the Greeks. Football was first called soccer by people in Britain. It started in Britain but now the Americans use the term soccer to distinguish it from football. The English rarely used the term soccer, preferring to call it football. Around this time in England, the term “soccer” was used as a British slang word. In the centuries that were passing, it revealed a lot of different games going back to the...
Words: 527 - Pages: 3
...of Clinical Psychology The word clinical comes from the Greek word klinike, which means “medical practice at the sickbed” (Maddux, 2008, p. 56), the word psychology comes from the word psyche, which means “soul or mind” (Maddux, 2008, p. 56). Clinical Psychology is “the assessment, treatment, and understanding of psychological and behavioral problems and disorders” (Plante, 2011, p. 5). Clinical psychology has a rich history compiled with information derived from philosophy, biology, and science. In this paper the history and the evolving nature of clinical psychology will be described as well as an explanation of the role research and statistics has on clinical psychology, and a comparison of clinical psychology to other mental health profession. The History of Clinical Psychology Greek history presented a background of early Greek thinkers, who acknowledged an interconnection between the mind and body as well as the influence the interconnection has on illnesses. One of the first contributors to psychology came from Hippocrates, who believed disease, temperament, and personality originated from an imbalance within four humors that he called black bile, yellow bile, phlegm, and blood within an individual’s environment (Plante, 2011). Hippocrates also suggested that abnormal behavior, physical, and emotional illnesses were influenced by biological, psychological, and social factors. Aristotle was another Greek, who argued a scientific basis suggesting distinct emotional...
Words: 1897 - Pages: 8
