...REPORTS ON GLOBAL FINANCIAL CRISIS – 9 SESRIC REPORTS ON THE GLOBAL FINANCIAL CRISIS European Debt Crisis and Impacts on Developing Countries STATISTICAL ECONOMIC AND SOCIAL RESEARCH AND TRAINING CENTRE FOR ISLAMIC COUNTRIES (SESRIC) 1 SESRIC REPORTS ON GLOBAL FINANCIAL CRISIS – 9 2011‐2 Issue EUROPEAN DEBT CRISIS AND IMPACTS ON DEVELOPING COUNTRIES July – December 2011 SESRIC Reports on Global Financial Crisis : The financial crisis which started in July 2007, when investors lost their confidence in the mortgage‐ and asset‐based securities in the United States, has deepened during 2008‐2009 with a global reach and affecting a wide range of financial and economic activities and institutions in both developed and developing countries around the world. As the crisis deepened, the governments of major developed and developing countries as well as international financial regulators attempted to take some mitigation actions and coordinate efforts to contain the crisis. Given this state of affairs, the SESRIC has been preparing short reports since May 2009 with the aim of monitoring the developments related to the current global financial crisis at the global, regional and national levels. In particular, these reports focus on the impact of the crisis on the economies of ...
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...The Political Economy of the Greek Debt Crisis: A Tale of Two Bailouts Silvia Ardagna and Francesco Caselli First draft: February 2012; Final version: January 2014 Abstract We review the events that led to the May 2010 and July 2011 bailout agreements. We interpret the bailouts as outcomes of political-economy equilibria. We argue that these equilibria were likely not on the Pareto frontier, and sketch political-economy arguments for why collective policy making in the Euro area may lead to suboptimal outcomes. Most modern sovereign debt crises have been managed in Washington, DC, through the combined e¤orts of the International Monetary Fund (IMF) and the US government. A distinctive feature of the crisis that has engulfed European sovereign-debt markets since the fall of 2009 has been that the IMF has played only a supporting (albeit important) role, while the management of the crisis has been driven by European institutions: the council of …nance ministers (ECOFIN), the European Council (EC, made up by all the heads of government of the European Union) and the European Central Bank (ECB). To the extent that the IMF is largely a technocratic institution (though of course not entirely immune from political in‡ uence) while ECOFIN and the EC are made up of politicians, one may expect the management of the crisis by the EC to be more a¤ected by electoral concerns. Furthermore, since there are 27 members to the EC, representing countries with potentially di¤erent interests, one...
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...governments and departments which helped to reduce the bad effects of it. Not a single year has gone by in the past two centuries where there was not a financial crisis somewhere in the world (see figure 1). Arguably, the world witnessed its first international financial crisis in 1825. The opening up of Latin America after the overthrow of the Spanish empire led to the opening up of international trade between England and the Latin American republics. The result was massive capital flows from London to finance infrastructure, mining and government spending. But once the capital outflows impinged on the Bank of England’s (BoE) gold reserves, the policy rate was raised, leading to a banking crisis. A sudden stop of capital flow from London resulted in banking panics in the US and currency crashes across Latin America. Figure 1: The history of financial crises Indeed, the crisis in 1825 marked the first of seven clusters of sovereign defaults in the period 1800 to 2010 In the first cluster of defaults, which happened during 1824-1834, 13 Latin American countries defaulted. The following period (1835–1866) was relatively tranquil. But a lending boom developed in this period, which soon resulted in a new series of default episodes. The global crisis of 1873 started with the collapse of a property boom in Germany and Austria, then spread through the continent and affected the US as European investors dumped...
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...RAY DOUGLAS BRADBURY He was an American novelist, short-story writer, essayist, playwright, screenwriter, and poet. Although the genre of many of Ray Bradbury’s stories is fiction, he rejected being categorized as a science fiction author, claiming that the only story he has ever written that is a science fiction story is Fahrenheit 451. BIOGRAPHY Ray Douglas Bradbury was born on August 22, 1920, in Waukegan, Illinois. He enjoyed a relatively idyllic childhood in Waukegan, which he later incorporated into several semi-autobiographical novels and short stories. Bradbury's life revolved around magic, magicians, circuses, and other such fantasies. He decided to become a writer at about age 12 or 13. He later said that he made this decision to "live forever" through his fiction. His first official pay as a writer came for contributing a joke to George Burns's Burns & Allen Show. In 1937, he became a member of the Los Angeles Science Fiction League, whose help enabled him to publish four issues of his own science-fiction fan magazine, or "fanzine," Futuria Fantasia. He graduated from a Los Angeles high school in 1938. His formal education ended there because they had no money to send him to college due to the Depression. However, he became a "student of life," selling newspapers on L.A. street corners from 1938 to 1942. He published his first short story in a fan magazine in 1938. Bradbury says that he learned to write by recalling his own experiences. Many...
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...luminosity. An uncertain factor in this extrapolation is the ongoing influence of technology introduced by humans, such as geoengineering, which could cause significant changes to the planet. The current biotic crisis is being caused by technology and the effects may last for up to five million years. In turn, technology may result in the extinction of humanity, leaving the planet to gradually return to a slower evolutionary pace resulting solely from long-term natural processes. Hawking: How Humankind Will Survive the Future Listen, people of Earth: Everything's going to be fine. All we have to do is survive another century or two without self-destructing as a species. Then we'll get off this rock, spread throughout space, and everything will be all right. If this is not your idea of "optimism," then you are not Stephen Hawking. The esteemed physicist garnered headlines, and some eye-rolls, after telling Big Think last week that humanity needs to leave the Earth in the future or face extinction. As The Atlantic noted: He's not knocking climate scientists' attempts to figure things out on Earth-he's just thinking long term. "There have been a number of times in the past when our survival has been touch-and-go," explains Hawking at Big Think, mentioning the Cuban Missile Crisis, and "the frequency of such occasions is likely to increase in the future…. Our population and our use of the finite resources of the planet earth are growing exponentially along with our technical ability...
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...Fahrenheit 451, a book written by Ray Bradbury, is one of his most famous writing.Ray Bradbury is most famous for his exceptional science fiction and horror themed books, including The Martian Chronicles, The Illustrated Man, and I Sing Body Electric.In the book, Fahrenheit 451, Ray Bradbury presented us a society where the firemen burn books instead of eliminating the fire.The society does not like nature, think independently, or spend time by themselves.Instead, they watch myriad amount of television on wall-size sets and listen to radios on “Seashell Radio” attached to their ear.The main character, Montag Guy is a fireman who burn books in a futuristic American society, he was jubilant of his job, and enjoys burning books.”It was a special pleasure to see things eaten, to see things blackened and changed.” Montag Guy,the main character, enjoys burning books and gets pleasure from it.That is until he met Clarisse McClellan, a beautiful seventeen-year-old that unlike anybody Montag had seen.She made him realize how empty his life is and made him wonder what books are.However, he soon began to encounter a series of disturbing events.First, his wife tried to commit suicide by eating a bottle of sleeping pills but was not...
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...THE WAR OF THE WORLDS FINAL WHITE Barré Lyndon December 18, 1951 FADE IN: 1. H. G. WELLS' BOOK We see the colorful cover, then the first page. A VOICE with a Wells-like accent quotes the opening words: VOICE No one would have believed, in the first decades of the twentieth century... DISSOLVE: 2. SPECIAL EFFECT - SKY FULL OF STARS The planet Mars shows just above the spires and roof- tops of a city on the horizon. VOICE (Continuing) ...that human affairs were being watched...
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...birthdays there are potlucks, the outline even provided me with some of the regular office language, short forms for certain documents, etc. This was a map to help me familiarize myself and integrate with greater ease. Unfortunately Caddy did not have this luxury, as many people don’t. She is forced to figure it out for herself. This hardship of adapting can easily lead us to not portraying our true selves to potentially avoid being shunned as an outsider. There are many stereotypes integrated into the movie. When Caddy is introduced as a new student from Africa the teacher welcomes an American black student instead of her. People easily believe her when she tells them that in Africa everyone can read Swedish, which portrays the ignorance of her fellow students and they’re ignorance regarding other cultures. People are unfamiliar with Caddy’s African culture just as she is unfamiliar with the American high school culture. She learns that there is an unwritten social rule preventing her from acting on her crush due to Aaron being her new friend’s ex-boyfriend. She learns that being good at math is not the key to...
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...John Gray Men are from Mars, Women are from Venus Scanned by NOVA Scanner: Canoscan D1250 U2F Software: Omnipage Pro 9 Date: 28 August 2002 Proofed by eb00ks Date: 18 March, 2004 Note: As this proofing was done purely on the scanned text copy, this copy needs to be compared to a hardcopy to correct errors resulting from the source text file. eb00ks Men Are from Mars, Women Are from Venus A Practical Guide for Improving Communication and Getting What You Want in Your Relationships John Gray, Ph.D. Men Are from Mars, Women Are from Venus Contents: Introduction _________________________________________________________________ i Chapter 1: Men Are from Mars Women Are from Venus 1 4 12 18 26 40 50 59 67 78 92 Chapter 2: Mr. Fix-‐‑It and the Home-‐‑Improvement Committee Chapter 3: Men Go to Their Caves and Women Talk Chapter 4: How to Motivate the Opposite Sex Chapter 5: Speaking Different Languages Chapter 6: Men Are Like Rubber Bands Chapter 7: Women Are Like Waves Chapter 8: Discovering Our Different Emotional Needs Chapter 9: How to Avoid Arguments ...
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...John Gray – Men are from Mars, Women are from Venus Scanned by NOVA Scanner: Canoscan D1250 U2F Software: Omnipage Pro 9 Date: 28 August 2002 Proofed by eb00ks Date: 18 March, 2004 Note: As this proofing was done purely on the scanned text copy, this copy needs to be compared to a hardcopy to correct errors resulting from the source text file. eb00ks Men Are from Mars, Women Are from Venus A Practical Guide for Improving Communication and Getting What You Want in Your Relationships John Gray, Ph.D. Men Are from Mars, Women Are from Venus Contents: Introduction _________________________________________________________________ i Chapter 1: Men Are from Mars Women Are from Venus Chapter 2: Mr. Fix-It and the Home-Improvement Committee Chapter 3: Men Go to Their Caves and Women Talk Chapter 4: How to Motivate the Opposite Sex Chapter 5: Speaking Different Languages Chapter 6: Men Are Like Rubber Bands Chapter 7: Women Are Like Waves Chapter 8: Discovering Our Different Emotional Needs Chapter 9: How to Avoid Arguments Chapter 10: Scoring Points with the Opposite Sex Chapter 11: How to Communicate Difficult Feelings Chapter 12: How to Ask for Support and Get It Chapter 13: Keeping the Magic of Love Alive 1 4 12 18 26 40 50 59 67 78 92 110 122 2 Acknowledgments I thank my wife, Bonnie, for sharing the journey of developing this book with me. I thank her for allowing me to share our stories and especially for expanding my understanding and ability to honor the female...
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...Sleight of Hand, Sleight of Mind Orson Welles' F for Fake and the Art of the Cinematic Con Orson Welles' 1974 "film essay" F for Fake opens with a scene of Welles, in the role of a magician, performing a sleight of hand trick with a young child, "transforming" the key the young boy has presented him into a coin and then showing how the young boy had the key all the time in his pocket. The magic was the perfect illustration of Welles' purpose in the film. F for Fake was a film about fraud and deceit, about how the makers of art (and, in particular, film) use "trickery" to fool their intended audience into believing something that is not true. The film focuses on three known "charlatans" (Elmyr de Hory, Clifford Irving, and Welles himself) who used their talents to produce such magnificent forgeries that they were able to fool everyone (even so-called "experts") into believing in the truth of their claims. Despite the status of this film as one of Welles' "minor" films from late in his life (it was one of the last films he completed prior to his death in 1985), it has had a tremendous impact on filmmaking, both in a technical sense (the film's complex editing of various film stocks and styles) and in a textual sense. Welles' identification of the ways in which an audience can be manipulated into believing anything as long as it has the "air" of authenticity has had a tremendous impact on current filmmaking, especially in the realm of horror filmmaking with the current crop...
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...and short, elegant stone steps up to the front door. This will not be the impression a visitor now gets as he emerges from the Knightsbridge subway station’s south exit. He will be met by four hulking joined-up towers of glass, metal, and concrete, sandwiched between the Victorian splendors of the Mandarin Oriental Hotel, to the east, and a pretty five-story residential block, to the west. This is One Hyde Park, which its developers insist is the world’s most exclusive address and the most expensive residential development ever built anywhere on earth. With apartments selling for up to $214 million, the building began to smash world per-square-foot price records when sales opened, in 2007. After quickly shrugging off the global financial crisis the complex has come to embody the central-London real-estate market, where, as high-end property consultant Charles McDowell put it, “prices have gone bonkers.” From the Hyde Park side, One Hyde Park protrudes aggressively into the skyline like a visiting spaceship, a head above its red-brick and gray-stone Victorian surroundings. Inside, on the ground floor, a large, glassy lobby offers what you’d expect from any luxury intercontinental hotel: gleaming steel statues, thick gray carpets, gray marble,...
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...Canada From Wikipedia, the free encyclopedia Jump to: navigation, search For other uses, see Canada (disambiguation). Page semi-protected Canada Vertical triband (red, white, red) with a red maple leaf in the centre A shield divided into four rectangles over a triangle. The first rectangle contains three lions passant guardant in gold on red; the second, a red lion rampant on gold; the third, a gold harp on blue; the fourth, three gold fleurs-de-lis on blue. The triangle contains three red maple leaves on a white background. A gold helmet sits on top of the shield, upon which is a crowned lion holding a red maple leaf. On the right is a lion rampant flying the Union Flag. On the left is a unicorn flying a fleurs-de-lis flag. A red ribbon around the shield says "desiderantes meliorem patriam". Below is a blue scroll inscribed "A mari usque ad mare" on a wreath of flowers. Flag Coat of arms Motto: A Mari Usque Ad Mare (Latin) "From Sea to Sea" Anthem: "O Canada" Royal anthem: "God Save the Queen"[1][2] Projection of North America with Canada in green Capital Ottawa 45°24′N 75°40′W Largest city Toronto Official language(s) English and French Recognised regional languages Chipewyan, Cree, Gwich’in, Inuinnaqtun, Inuktitut, Inuvialuktun, Slavey (North and South) and Tłįchǫ[3] Demonym Canadian Government Federal parliamentary democracy and constitutional monarchy[4] - Monarch Elizabeth II - Governor General David Johnston - Prime Minister Stephen...
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...he 1964 world première of “Mary Poppins” was held at Grauman’s Chinese Theatre in Hollywood, and it was the kind of spectacle for which the Disney organization had become famous. Throngs of screaming fans were greeted by Mickey Mouse, Goofy, Snow White and the dwarfs, as well as by entertainers who gestured toward the movie’s Edwardian setting: a twelve-piece pearly band, chimney-sweep dancers, valets dressed as bobbies, and a bevy of pretty Disneyland hostesses, whose traditional uniforms (kilts and black velvet riding helmets) suggested a general Englishness. Hollywood luminaries arrived in chauffeured automobiles, the women in ball gowns and mink stoles (Angie Dickinson, Maureen O’Hara, Suzanne Pleshette), the men wearing dinner jackets (Edward G. Robinson, Cesar Romero, Buddy Ebsen). The arrival of the movie’s principals aroused muted excitement: Julie Andrews, who played Mary Poppins, had never appeared in a movie before, and Dick Van Dyke—the chimney sweep Bert—became much better known after the film’s release. Then Walt Disney himself arrived, stepping out of a stretch limousine and gallantly reaching a hand into the car to help his wife, Lillian, onto the pavement. Disney was by then immensely famous, appearing on his own television show every Sunday night. He had carefully engineered his entrance: when his car pulled up, the Disney characters mobbed it, and soon afterward clouds of balloons were released into the air. Inside the packed twelve-hundred-seat theatre...
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...Running head: EMERGING TECHNOLOGY - ROBOTICS Emerging Technology - Robotics Team A LAS-432 Professor Stuart Vanorny 28 February, 2013 DeVry University Introduction & Brief description of robotics technology: (Elizabeth Burrier) Robotics has been coming further and further in technology over the years. Robots are not just something you see in the movies, they are now used by the military, NASA and the medical field. This paper will take you through the world of Robotics, and show you the best, newest and what is to come. There was a big popularity Automatons in ancient and Medieval times were very popular. Simple automatons for the use as tools, toys and as part of religious ceremonies were made possible by the Ancient Greeks and Romans. Automatons were population as part of clocks and religious worship, in Europe and the Middle East. The Arab polymath Al-Jazari left texts illustrating his various mechanical devices. Working to develop the foundations of computer science in the early to mid-nineteenth century, Charles Babbage continued to provide entertainment during the 19th century. In 1920, Karel Capek published his play R.U.R. (Rossum's Universal Robots), which introduced the word "robot". Robotics became a burgeoning science and more money was invested. Robots spread to Japan, South Korea and many parts of Europe over the last half century, to the extent that projections for the 2011 population of industrial robots are around 1.2 million. Robotics is something...
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