'Australian banks have remained very sound by international Research Paper

'Australian banks have remained very sound by international standards,despite the global financial turmoil' observed the IMF, and impact on Australian Bank - Research Paper Example It is apparent that if a residential mortgage shock is joined with corporate losses, it will definitely harm banks. Local reports on Australian banks performance indicated that a stress test is based on a worse case scenario that would categorize other banks in the world in the same position (IMF 2010). In fact, it is argued that although such observations from the IMF stand to be correct, Australian banks were believed to obtain considerable aid from taxpayers and the Reserve Bank. Besides, it is argued that Australian federal government helps banks in events of crisis. Overall, reports have indicated that the Australian banking system was resilient during global financial crisis due to intensive supervision and regulation. Although, the four major Australian banks capital ratios are place below global average for large banks, their conservative approaches in implementing Base II framework indicates that their headline capital rations underestimate their capital strength. The major financial soundness indicators that these banks concentrated on include profitability, capital adequacy, asset quality and provisioning, and liquidity. On particular, the Australian banks’ loss given default rates are arguably higher than those of several other countries. Additionally, higher risk weights were endorsed for certain residential mortgages. Moreover, reduced risk weights, which are allowed in the Basel II framework’s standardized approach, were introduced for retail lending (IMF 2010). Nevertheless, the risk weighted assets numbers can not be comparable across nations. All in all, due to APRA’s conservative eligibility and deduction rules, Australian banks have a propensity of holding higher quality capital. According to RBA, in regard to Basel III requirements, banks will need to hold more and higher quality capital. In light with this, the Australian banks can be argued

Socio-cultural Influences on Consumption Japan Speech or Presentation

Socio-cultural Influences on Consumption Japan - Speech or Presentation Example Shintoism and Buddhism are the major religions in Japan. Some people practice both, as the religions complement each other in many ways. Coming to the language, Japanese is official and widely used, even in case of business communication. Interpreters do the translation in case of language-handicap experienced with overseas business clientele. They expect their language to be valued, even while using it for business, promotional or packaging purposes. People are respected by age and the ancestors are worshipped in Japan. Extended families consisting of uncles, aunts and grandparents were of common occurrence until recent years, when the hike in real estate prices made nuclear families more feasible. However, all the relatives meet up during festivals. Thus, the consumption pattern of the consumers have changed based on the variations in the family structure. Food is an essential part of Japanese culture. The head or the eldest or the most important person is allowed to start the meal first. Soup is an accompaniment, rather than being a starter and slurping noodles even in formal meetings is usual. Japanese remain communicate less while eating, because mealtime is meant for enjoying food. Their food philosophy is of total well-being, termed as Shokuiku. Brief cereal breakfasts, packed or bought lunches and detailed dinners with family are common (International Markets Bureau, 2010). Japanese consumers hold certain taboos, which need consideration in understanding their behavior. Saying ‘no’ is not of common practice in Japan. Pointing anything with chopsticks; usage of number ‘4’; white shirt, black trousers and black suit; exchanging food with chopsticks, etc., remind them of death and funeral and thus, these gestures must be avoided (kwintessential, 2004). Harmony and cooperation are the values that are promot ed in Japan. Education, home and business settings revolve around working with others, being polite even in case of disagreement and learning to live in collaboration. Thus, the societal norms in Japan are community oriented. Diligence and empathy are part and parcel of their behavior, which places the thoughts and feelings of others, before one’s own (Kogler, 2006). People assist others who need their help, by putting aside their own job at hand and they feel embarrassed when they are not in a condition to do the needful. This again reflects the emphasis on consumer service orientation and apt response to command and authority of the employees in the nation (kwintessential, 2004). The code of conduct for businesses in Japan essentially emphasizes courtesy, compassion and consideration. Maintaining a business card in Japanese, exchanging it on important occasions and treasuring those extended by the others form a part of this protocol of reverence. While attending a business gathering, everyone is expected to look well-groomed, formal and be punctual (kwintessential, 2004). Establishing long-term business relations is preferred to immediate

Classification and division Essay Example | Topics and Well Written Essays - 500 words

Classification and division - Essay Example Thus schools are classified mainly into three broad categories; Elementary school, middle school and high school, for educating the children of different ages in a proper manner. Elementary schools are institutions in which children get their initial education. It is also referred as primary schools in some parts of the world. Elementary education includes kindergarten education or pre-primary education and primary education. Children within the age group of 3-11 are usually admitted in the elementary schools. Story telling methods are usually adopted in elementary teaching because of the interests of elementary school children in hearing stories. Problem solving or analytical methods cannot be applied in elementary school stages because of the difficulty of small aged children in grasping topics through such methods. Elementary education usually ends in the fifth standard. At the end of elementary education, middle school education starts. Middle schools are institutions in which th e children of 11 to 14 years old undergo the learning process. Usually, education from grade sixth to eighth is included in middle schools. â€Å"Young people undergo more rapid and profound personal changes between the ages 10 and 15 than at any other time in their lives.

Ozone :: Ozone Layer Oxygen Environmental Essays

Ozone Ozone (O3) is a molecule consisting of three oxygen atoms, similar to the oxygen we breathe (O2), however oxygen consists of only two oxygen atoms. In the stratosphere, a region high up in the upper atmosphere, light rays are responsible for the breaking down of oxygen (O2), breathable oxygen into its two separate oxygen atoms. Lone oxygen atoms are markedly reactive. When a lone oxygen atom comes into contact with a breathable oxygen molecule (O2) it combines to form ozone (O3). The ozone layer is a small residual amount of ozone concentrated in a band in the upper atmosphere. This band of concentrated ozone resides approximately between twenty and forty kilometers high in the stratosphere. The ozone layer reactions that both create and destroy ozone has come into a dynamic equilibrium. This dynamic equilibrium is very delicate and resulted during atmospheric formation (Environment Canada, 1996). Ozone, however, is very rare even in the ozone layer. Oxygen makes up approximately twenty percent of air and ozone makes up only 3 x 10-5 percent of air. Furthermore, this minuscule amount of ozone is enough to protect the earth from most ultraviolet light. Ozone prevents most UV-B radiation from reaching the surface of the earth (Environment Canada, 1996). Ozone is very important to life on earth because the harmfulness of high-energy UV-B radiation stems from the high energy of these light rays, enabling them to penetrate deeply into water, plant tissue and epidermal tissue of animals. Increased UV-B radiation results in harming the metabolic system of cells and ultimately damage to genetic material present in effected cells. Living organisms on the surface of the earth have always been exposed to some, and only slightly differing levels of UV-B radiation depending of geographic location and season. Through evolution, cellular repair mechanisms have evolved to safeguard cells against damage done by UV-B radiation. With the increase in the UV-B radiation, more damage is done to cellular functions then the natural protection system can deal with (Environment Canada, 1996). Life on earth would more or less be void if not for the formation of the ozone layer during atmospheric formation (Porter, 1996). With out the ozone layer the harmful UV-B radiation would not allow the growth of autotrophic plants, resulting in reduction in oxygen production; ultimately the destruction of most living organisms on the earth surface would result. Increased UV-B radiation has been linked to many incidence of increased health problems among humans. UV-B radiation leads to increase skin cancer, eye damage, and possible inhibition of the immune system (Health Canada). These incidence have been noticed in humans, and it is presumed that these problems will occur

Political Theory Essay

Introduction While approaching the writings of major philosophical figures in the 16th century and the 17th century there emerges several weaknesses in addition to their political thought in their time. In his work, The Foundations of Modern Political Thought, Quentin Skinner’s emphasises the ‘textualist’ approach by the ones writing within the genre of political theory and further claim that they â€Å"rarely supplies us with genuine histories†. 1 Skinner seems to engage in a ‘historical’ approach to the writings of political thought, which goes hand in hand with the social and political context of the period the major works were composed. Indeed, this proves fruitful for this analysis, and therefore it will be provided a narrow historical review of the period the works were written, in order to present the remarkable similarity between the causes of political thought. Accordingly, there will be implemented a comparison of the philosophers, Thomas Hobbes and Jean Bodin, focusing primarily of their concept of the state and the church and the differences between the two models of political thought. In terms of the state, the focus will lie on the citizens and the sovereign rule; in terms of the church, an analysis of its place within the governmental framework will be provided. The primary sources used as a basis for this analysis is the work of Jean Bodin Six Books of the Commonwealth, translated by M. J. Tooley, and Hobbes On the Citizen, edited by Richard Tuck & Michael Silverthorne. In grasping the political works of Thomas Hobbes and Jean Bodin it is important to remember that their perception of the state was born in an age of crisis. As central themes of his political thought Hobbes was concerned with peace, security and order; however, religion was omnipresent throughout his experience of life and through his works. For Hobbes the only valid proposition of a natural religion was that something must have created the world, but who or what is not for certain. 2 Most important he also believed that religious division was a significant factor for the origins of war. The basics of Hobbes theory was to add the will to avoid religious conflict and restore peace into one or a group of biological people that was to further secure the will of the state. Like Hobbes, Bodin was concerned with preserving order and his relation to religion is said to be complex. Although he was less familiar with the New political from his religious thought. ’3 However, entering deeper into the religious life of Bodin it is palpable that he never adhered to one true theological standpoint throughout his lifetime. 4 Another factor of correlation between the two political thinkers is their personal historical background containing the experience of war, which largely contributed as one of their causes for writing. Most known for his work and best-seller, Leviathan, the Englishman Thomas Hobbes was to be acknowledged as an important contribution to the philosophical field in his lifetime and all the way to the 21th century. Hobbes was born in 1588 in Westport raised by his non-wealthy family, fortunately being paid for by his uncle to get an education when the time was right. 5 Entering the field of the enlightened, Hobbes at an age of 54 later produced his first claim to fame, De Cive (On the Citizen), published in Latin edition in 1642 which is characterised as one of the forerunners to his major work Leviathan. Here, it is important reconsider what is omnipresent throughout both, De Cive and Leviathan, namely fear: in order to understand his political thought. Some tend to regard Hobbes as a synonym to the concept of fear even though this impossibly cannot be so, however it does not reject King’s argument that Hobbes had experienced disorder in society and therefore feared political chaos. 6 England during the 17th century can in be referred to as a period of transformation both in terms of politics and religion. Historically, throughout Hobbes lifetime (1588 – 1679) the political circumstances in the years of 1642 to 1651 prove to stand out painted in the colour of red. The Reformation left deep traces and was not yet to relinquish as its religious struggles was to turn into a fight of power between the King and the Parliament. 7 The English Civil war provided an environment such as extreme disorder and civil insecurity to be explanatory for the horrors it brought the 6? 7’8†²? 9 # â€Å" $? *: )? â€Å" : ;0?. / 1– 1? ’? :?! ( 4 ?!! /? $ < @ ( 5 JOURNAL OF PHILOSOPHICAL STUDIES,? ‘? = ‘? 1? *9/? ‘ ;6-. A=? B ;- HTTP://WWW. JSTOR. ORG/STABLE/3745504 0 , $ *3 @ 3 9 )? +? 2 ;A1. / =0 A? 8? ‘? 9’? C D7 @ % $E $ ‘ ‘ * ‘ F;0.? //’? F B -1 G/? HH222’I ‘ H! H 6;0-6 3 13 Political Theory country8. In a chaotic England, Hobbes had to face his own opponents after he had written the first outline of the philosophy of the state, Elements of Law, Natural and Politic, which created an unstable environment for him to live. Indeed, adversity was for Hobbes the reason he decided to flee and choose the life in exile crossing the national boarders to France. 9 When the Civil War was over, he returned home to the end of his life, still absorbed in scientific activity. A lesser-known philosopher yet one of the most ambitious and prolific French scholars, Jean Bodin, was born in 1529 or 30 in the French area of Angers. Although living in separate time periods Bodin is born three years after Machiavelli’s death (1469 – 1527) and died when Thomas Hobbes was eight years of age and therefore spans precisely between these two. 10 Throughout his lifetime he was, in resemblance to Hobbes, to experience war that provoked his political thinking which prospered into what was to be known as The Six Books of the Commonwealth (1955). Bodin was an admirable scholar and by the time he had to face his mortal destiny he made contributions to the area of science stretching from historiography to political economy. 11 Noticeable that he was among the more enlightened characters of his time, Bodin went to Paris in his youth for educational matters studying humanities. Further curious about the juridical nature of society he went to study civil law until the 1560s, and after he turned to a political career becoming a king’s advocate in Paris. A decade later he became a counsellor of the Duke of Alencon which secured him a seat at the table of the royal family, which ceased before 1576. He then further joined the Catholic League (sometimes referred to as the Holy League) which played a major part in the French Wars of Religion (1562–98) eradicating the Protestants also called the Huguenots. 12 Primarily, The Wars involved the Catholic crown attempting to impose religious uniformity upon the large F? > What further divided the citizens in contemporary France was their support for various versions of the Christian faith that created a warfare of self-righteousness, which for Bodin, was an erroneous societal condition. What Bodin’s beliefs could be said to represent at the time is further dubiously, but as Summerfield argues, Bodin might have believed that â€Å"Catholicism was the best ‘civil religion’ for his countrymen†. 13 Further, Bodin supported religious diversity in that Catholics should have the opportunity to embrace their faith just the Huguenots without having intolerance towards each other. By offering a narrow description of the historical period relevant to both Hobbes and Bodin and further suggest a biographical outlook of both philosophers, the main focus have been on the facts of importance for further analysis. Main section As discussed to some extent in Bodin’s case, it is applicable to both philosophers that they were living in a time where religion was inseparable from their political thinking. Today it may seem strange that politics of much importance was molded around religious beliefs, because we live in a time where each person is free to decide what to believe and which religion to adhere to. During the period of discussion, the church and the state had too many common interests that a division between them seemed unthinkable. For Bodin, his thought behind his Republic was the hope to restore the splendour and serve the interest of the French Monarchy, which functioned as a cornerstone in his description of the commonwealth. 14 In accordance to Hobbes, much like in the case of Bodin, his impetus of his work De Cive lie primarily in providing a solution to the religious moral conflict prevailing in 16th, 17th century England. Bodin and the family In this section, the discussion will point to Jean Bodin’s concept of the state at a micro level. – In Book I, chapter I of the Republic the first sentence acknowledge what Bodin understands to be the nature of the Commonwealth, namely its internal structure being organised around the ?6?

Theories Underlying Marxism A Theory Of Tradition...

Theories underlying Marxism: †¢ Hegelian dialectic †¢ Diagram of Marxist conceptions †¢ Assumptions that are made in order to reach these conclusions The Labor Theory of Value is a theory of tradition Marxian economics which explains how the working class are exploited under capitalism and how capitalist society works. This theory explains that that the value of commodity is measured by the average hour needed to produce it. It was developed in Marx‘s â€Å"Capital† (1867). Marx is trying analyze the theory with a different perspective from other capitalist, still using principles of classical economics. He also stands closely to Ricardo concerning notion that rent is capture of productivity by landlords, they are not actively producing anything. He believed that his version can explain the value of all commodities, including the commodity that laborers sell to capitalists for a wage. Marx called this commodity labor power. He clarified that the labor power must depend on the number of work hours it takes society to accommodate, dress and feed the laborer that he would have a capacity to work. He claimed that owners in privileged position exploit workers, even though if they get paid the fair wage in some ways capitalist still pushes the laborers to work more time than it is actually needed to create the labor power of worker. Marx received criticism of this idea because it is vaguely explained, thus shows the weakness of its logic and underlying assumptions. Marx believed that

Definition Of Disease Of Dwarfism - 1336 Words

Definition of Disease Dwarfism is defined as short stature of 4 feet 10 inches or shorter. This results from a genetic or medical condition. The average height of a person with dwarfism is 4 feet tall. According to the Mayo Clinic, â€Å"There are many things that can cause dwarfism, however; the disorders are divided into two broad categories† (Medical Education, 1998). The first category is called Disproportionate dwarfism, this is when a person’s body parts and limbs may be smaller, larger, or average size compared to overall stature. This â€Å"disease also hinders the development of the bones† according to (†¦Ã¢â‚¬ ¦). Second we have Proportionate dwarfism this is â€Å"when the body parts appear proportionate to the rest of the body similar to a body of†¦show more content†¦This disorder can affect malformations in the spine, hips, joints and even ones eyes. Cause of Disease Causes of dwarfism include but are not limited to genetic disorders, hormone deficiencies or medical conditions. Disproportionate dwarfism may be caused by a disorder named spondyloepiphyseal dysplasia congenita. Which is a disorder of bone growth that concludes into dwarfism, skeletal irregularities, and trouble with hearing and vision. Proportionate dwarfism† is caused from medical conditions apparent at birth or early childhood which limits growth and development† (†¦.). Also a growth hormone deficiency is common cause of this disease. However †¦Ã¢â‚¬ ¦. Stated, â€Å"most occurencesss of dwarfism result from a random genetic mutation in either the fathers sperm or mothers egg rather than from either parents complete genetic makeup†(pg.) Incidence of Population Dwarfism is usually rare and not considered a disease, it could cause a life threatening risk. In order to be diagnosed as a Dwarf you must be under 4’10’. According to Mayo Clinic â€Å"The prevalence of dwarfism refers to an estimated population of those living with dwarfs. (mayo clinic)†. Along with prevalence there is also the term incidence, this usually refers to a yearly diagnosis rate and thr rate of new cases. The Genetics Home Reference states â€Å"More than 200 different conditions can cause dwarfism†(..). A single type, called achondroplasia,Show MoreRelated The Causes of Psychogenic Dwarfism Essay2237 Words   |  9 PagesI Wont Grow Up: The Causes of Psychogenic Dwarfism All children, except one, grow up. They soon know that they will grow up, and the way Wendy knew was this. One day when she was two years old she was playing in a garden, and she plucked another flower and ran with it to her mother. I suppose she must have looked rather delightful, for Mrs. Darling put her hand to her heart and cried, Oh, why cant you remain like this for ever! 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