The Weakness of Othello - 819 Words

In Othello, by William Shakespeare, the characters Iago, Cassio, and Othello share a good bond between each other. They have been good friends for some time. Othello, being sdeen as the hero and Iago as the villain. Iago is a two face person. He manipulates Othello into thinking that Desdemona is having an affair with Cassio. Throughout Shakespeares entire play, Othello, goes through emotions of love, jealousy and betrayal which changes him in the end of the play. The naive actions and belief lay the downfall of Othello from the man he once was. Othellos weak character is to blame for the tragedy because of his inability to distinguish good from evil, lack of trust in his wife, and his own insecurities as an outsider. Othello was a hero to his people. He of course, was a good person. He was a black man who lead his people. He was a good man who was driven down the wrong path. He was good because he was a trusting individual. He was a very intelligent man. He believed in honor, friend ship and duty. He was honored serving for his people and had a good bond with his friends. He did not take favor in nobody. When Cassio got into a fight, he took his position of Lieutenant. He showed everybody that just because it was his friends he would not punish him. He was a weak character because he could not distinguish good from evil within his people. Othello is not clearly good or evil. Though he’s responsible and noble. He becomes a man with a loving and noble nature, butShow MoreRelatedHuman Weakness in Macbeth and Othello2915 Words   |  12 Pagesvalorous and gallant but he is bound to have a tragic flaw which he is powerless over and the cause of his inevitable death, his ‘vaulting ambition’ and greed. We then have our other tragedy Othello, which is unique in the literature of time because he was the first black tragic hero presented on a stage. Othello is often referred to as the ‘Moor’ due to his heritage of being North African. The effective warrior who was never meant to fit into the Venetian society ,where black was traditionally knownRead MoreThe Weaknesses Of Othello By William Shakespeare933 Words   |  4 PagesThe Weaknesses of Othello Throughout the beginning of Shakespeare s play, Othello, the protagonist, Othello himself, is portrayed as a powerful and courageous man. The audience is led to believe that he is a sympathetic character and a brave war hero. As the story progresses, this view seems to shift. Iago begins to play with Othello’s emotions and Othello starts to make rash decisions. In his Othello’s final great speech, he exposes his thoughts on the situation as well as his selfish motivesRead MoreThe Mirror Of Weaknesses Of Shakespeare s Othello Essay1483 Words   |  6 PagesHumans are contradictions, which good and evil nature both exists. The grand tragic play Othello written by Shakespeare illustrates the contradictions in human natures through the display of tragic falls of various characters such as Othello, Iago, and Roderigo. Othello, the protagonist of the play, fell in love with the daughter of a nobleman, Desdemona. However, this relationship is soon broken up because Othello b elieved the accusation from Iago, Othello’s subordinate, towards Desdemona for havingRead MoreOthello : Vulnerability Destroys Virtues Of A Great Leader1601 Words   |  7 PagesOthello: Vulnerability Destroys Virtues Of A Great Leader Thesis: Even though Othello considers to be vulnerable is a weakness, his temperance and prudence should never come in conflict with his leadership principles because Iago despises Othello and manipulates him therefore, Othello becomes vulnerable resulting in his death. 1. Othello believes that being vulnerable is a sign of weakness. A. Othello will not expunge himself from his race and ethnicity, for he knows glorifying his heritageRead MoreWilliam Shakespeare s Oedipus And Othello 982 Words   |  4 PagesOedipus and Othello are two of the most known tragic heroes throughout all of literature. While there are some noticeable differences between the two there are also many similarities between the two characters. With the amount of similarities between the two plays Shakespeare must have been inspired by Oedipus and Sophocles when he was writing Othello. Oedipus the king’s main conflict is based around Greek mythology in that from the time Oedipus is born it is prophesied by the Gods that he is goingRead MoreDestruction by Manipulation in Shakespeare’s Othello Essay828 Words   |  4 Pages William Shakespeare’s Othello, the Moor of Venice is a play of great manipulation and jealousy. Iago is the antagonist character of the play Othello. Iago becomes irate and filled with jealousy when Othello names Michael Cassio as his lieutenant, because Iago believed he should have been the one promoted not Michael Cassio. By manipulating everyone around him, Iago portrays himself as an honest noble man whom can be trusted. Iago being known for the honest man he earns everyone’s trust and thereforeRead MoreWilliam Shakespeare s Othello And Othello1385 Words   |  6 PagesFor the time Othello was set in, 16th century Elizabethan society held strong socioeconomic roles that governed social statuses. In Shakespeare’s Othello, class positions become a theme that emphasizes power as a major role in relationships. In the case of Othello, a general of the Venetian army, and Iago, one of his trusted advisors, that power struggle is the force that dominants the play and leads to the disastrous and memorable ending. Machiavelli’s treatise, The Prince, examines the dynamicRead MoreA Play of Love Turned Bad: Shakespeares Othello Essay1524 Words   |  7 PagesShakespeare’s famous play Othello is a play of love that has turned bad by the unfounded jealousy of the protagonist character Othello. Arguably the contribution of Othello’s susceptibility to manipulation, his weaknesses and the manipulation of other characters tactics such as Iago each contribute to the downfall of Othello. However, to the extent of which each is more significant varies and this is what will be analysed in this essay. Like many of Shakespeare’s tragic plays each has to have aRead MoreHow does Iago manipulate Othello, Cassio, and Roderigo?1533 Words   |  7 Pagessuffering. In fact, every person has weaknesses, and there is always a possibility that someone will use those feeble points against that man. Shakespeares play Othello shows an example of how one can control others exploiting their weaknesses and the consequences of such actions. The character of Iago, the antagonist in the tragedy Othello, instigates chaos, deception, and gross manipulation. He is the center of all the evil events in the play. He manages to completely deceive everyone by displayingRead MoreOthello shows weak human judgement889 Words   |  4 Pagesï » ¿Othello I agree with the statement that Shakespeare’s play Othello demonstrates the weakness of human judgement. The demise of both Othello and Iago is due to each one’s weak judge of character, and poor judgement of situations. Othello falls from a position of power and nobility to a debased shadow of his former self, as a result of Iago’s cunning plans. Yet had Othello a better sense of judgement Iago’s schemes would not have worked. One of Othello’s

Benjamin Franklin We Have Given You a Republic, It...

We Have Given You A Republic. It Remains To Be Seen If You Will Be Able To Retain It: Benjamin Franklin said â€Å"We have given you a Republic. It remains to be seen if you will be able to retain it.† The statement was made soon after Benjamin Franklin and the other delegates had concluded their work on the Constitution. A woman approached Ben Franklin outside and asked him Well, Dr. Franklin, what have you done for us?† The response from Ben Franklin was directed or likely meant as a warning to â€Å"we the people† (the electorate) due to our Founders’ fear of our country losing its republican form of government (in the future) by transitioning into a democracy. I am of the opinion that Ben Franklin and other signers of the†¦show more content†¦Considering our Founders’ view of a democracy, I suppose it was intentional that one cannot find the word â€Å"democracy† in the Declaration of Independence or the Constitution of the United States. From what I understand, the founding republican principles used to be widely understood and commonly accepted by our populace. It appears to me, during the last century, the notion has fraudulently become nearly widely accepted that our country is a democracy. I am of the opinion this is especially true amongst the less educated due primarily to years of liberal indoctrination within our public schools, the liberal media, and other leftists fulfilling agendas as they rewrite history. Past presidents have even implied the United States is a democracy; for example, Woodrow Wilson declared that we fought World War I â€Å"to make the world safe for democracy.† amp; Franklin Roosevelt said that the U.S. â€Å"must be the great arsenal of democracy.† Democracies have always been known to self-destruct when the majority realizes it can vote itself hand-outs from the minority by electing the candidate promising the most benefits from the public treasury. To maintain their power, these candidates must adopt an ever-increasing tax and spend policy to satisfy the ever-increasing desires of the majority. As taxes are increased, the incentive for the productive to produce decreasesShow MoreRelatedAmerican Civil Rights Movement Essay15820 Words   |  64 Pagesscreens in 1915. The film lasted 3 hours and told about the relationships of two American families during the Civil war. The film had grandiose success. had racist character. In 1916 Griffith released a complex film called Intolerance. It didnt have commercial – too complex. After it Griffith finished his experiments, his works became more and more sentimental. In 1948 in 18 years after his last film Griffith died. The brightest stars of the silent cinema Mary Pigford and Douglas FairbanksRead MoreManagement Course: Mba−10 General Management215330 Words   |  862 Pagesthose factors in the face of the business slowdowns and major fluctuations that challenge the longterm continuation of profitable earnings? As we continue to experience the twenty-first century’s economic, social, and political churning, how will these driving factors be influenced by the brutally competitive global economy in which organizations do not have any particular geographic identity or travel under any particular national passport? What will be the effect of the rapid gyrations in marketsRead MoreLibrary Management204752 Words   |  820 Pagesthey worked or would be working in the future. They simply accepted patterns of library and information center organization, personnel procedures, budgetary controls, and planning processes, with their mission and goals—if they were even stated— as a given, without understanding why processes and procedures were followed. They were subjected to the â€Å"what† and â€Å"how† without understanding the â€Å"why.† Even when examples and forms, such as budgetary and personnel evaluation forms, were available, these wereRead MoreDatabase Design and Implementation38677 Words   |  155 PagesPhyloInformatics 7: 1-66 - 2005 Relational Database Design and Implementation for Biodiversity Informatics Paul J. Morris The Academy of Natural Sciences 1900 Ben Franklin Parkway, Philadelphia, PA 19103 USA Received: 28 October 2004 - Accepted: 19 January 2005 Abstract The complexity of natural history collection information and similar information within the scope of biodiversity informatics poses significant challenges for effective long term stewardship of that information in electronicRead MoreDeveloping Management Skills404131 Words   |  1617 Pagesmymanagementlab is an online assessment and preparation solution for courses in Principles of Management, Human Resources, Strategy, and Organizational Behavior that helps you actively study and prepare material for class. Chapter-by-chapter activities, including built-in pretests and posttests, focus on what you need to learn and to review in order to succeed. Visit www.mymanagementlab.com to learn more. DEVELOPING MANAGEMENT SKILLS EIGHTH EDITION David A. Whetten BRIGHAM YOUNG UNIVERSITY Read MoreProject Mgmt296381 Words   |  1186 PagesState University. He continues to teach undergraduate and graduate project management courses overseas and in the United States; he has personally taught more than 100 executive development seminars and workshops. His research and consulting interests have been divided equally between operations management and project management; he has published numerous articles in these areas, plus a text on project management. He has also conducted research with colleagues in the International Project Management

The American Dream - 1624 Words

From top education from universities like Yale and Harvard, to minority rights and diversity, the United States has always been known as the â€Å"land of opportunities† for people around the globe. Many aspire to possess the American Dream, a chance to have equal rights and opportunities to achieve their goals along with a safe and comfortable lifestyle through grit and hard work. The concept of the American Dream developed long ago when people from the Old World began to conceive hopes and dreams for a better life. A large number of those dreamers wanted to own lands and secure a prosperous career; some wanted to create a better lifestyle for the later generations. Thus, they left their home countries and set sail for the New World. Although The Dream was popularized by the United States, it can also be available in other countries that have good education, are industrialized and economically developed. Poor cities in the United States and underdeveloped countries may have a lower chance of achieving the modern American Dream, but it is not entirely impossible considering that there have been people that left their home countries in the past and moved to better nations in order to produce a better life for themselves and/or their families. Modernized countries with good education, such as Australia and Canada, are able to achieve the American Dream. According to OECD Better Life Index, Australians earn 50,449 USD per year on average and an estimated 83% of individuals with atShow MoreRelatedImmigrants And The American Dream1362 Words   |  6 PagesImmigrants and the American Dream In the article â€Å"The American Dream†, by James Truslow Adams in The Sundance Reader book, he stated that the American dream is that dream of a land in which life should be better and richer and fuller for everyone, with opportunity for each according to ability or achievement. It is a difficult dream for the European upper classes to interpret adequately, and too many of us ourselves have grown weary and mistrustful of it. It is not a dream of motor cars and highRead MoreThe American Dream By Kimberly Amadeo1637 Words   |  7 PagesNowadays, a large number of people migrate to the United States to work and achieve the American Dream. According to the Article â€Å"What is the American Dream?† by Kimberly Amadeo, â€Å"The American Dream was first publicly defined in 1931 by James Truslow Adams in Epic of America. Adam’s often-repeated quote is, ‘The American Dream is that dream of land in which life should be better and richer and fuller for everyon e, with opportunity for each according to ability or achievement.’† There are many peopleRead MoreAnalysis Of The Movie The American Dream 754 Words   |  4 Pages Nyreel Powell Ms. Jones American Literature 1 June 2015 The American dream in A Raisin in the Sun Have you ever had a dream and it didn’t come how you wanted it to be? Have you ever had accomplishments that you wanted to achieve but people were getting in the way of them? The four main characters in this book all have good dreams but there are people in the way of getting to those dreams or their dream is too high to accomplish. A Raisin in the Sun a play written by Lorraine Hansberry, andRead MoreSister Carrie and the American Dream1618 Words   |  7 PagesThe American Dream is surely based on the concept of â€Å"Life, Liberty and the Pursuit of Happiness† but it is above all, a matter of ambition. James Truslow Adams, an American writer and historian, in 1931 states: life should be better and richer and fuller for everyone, with opportunity for each according to ability or achievement†, which not only points towards a better standard of living for Americans but also denounces a degree of greed in the US society. Ambition not only â€Å"killed the catâ₠¬  butRead MoreGrapes Of Wrath And The American Dream1644 Words   |  7 PagesThe idea of the American Dream is ever changing depending on the person and the time of life that person is in. Although the main ideas of the American Dream remain the same to be educated, economically sound, healthy, to have a family, and equal rights. Many great films and works of literature were created to show case all the different ideas people have for their American Dream. The film â€Å"Grapes of Wrath† directed by John Ford and the poem â€Å"I Will Fight No More Forever† by Chief Joseph, both depictRead More Destruction of the American Dream Essay2145 Words   |  9 PagesDestruction of the American Dream I’ve talked about it in the past, the destruction of the American Dream. Always, there have been papers, writings, and thoughts that quantify a particular section of its ultimate demise, be it due to money, education, or sexuality. Maybe the destruction cannot be viewed as a singular event or cause. Perhaps instead it must be examined as a whole process, the decay and ultimate elimination of a dream. Self destruction, if you will†¦ Mr. Self Destruct Read MoreSuccess As One Of The American Dream1137 Words   |  5 PagesApril 2015 Success as One of The American Dream When we hear the word â€Å"success†, we often think of wealth and money. To some people, the embodiment of being success is earning a lot of money. In fact, the concept of success is primarily based on how much money a person earns. However, each person views the definition of success differently. One way to define success is something that has more to do with flash than it does with substance. John Wooden, an American basketball player and coach viewRead MoreJim Cullen And The American Dream2081 Words   |  9 Pages The American Dream, as defined by Cullen, is starting your goal off with a little and ending with more; it s like a business, you invest in it in order to gain more money. Usually, people will define the American Dream as being able to achieve your goal because everyone is offered opportunities. Cullen does acknowledge that people are born with different opportunities, so he talks about the good life. The good life describes different factors that determine your opportunities. Throughout the otherRead MoreFactors Influencing The American Dream1834 Words   |  8 Pagesindividual to succumb or to not succumb to the seductions of crime. These three factors are brilliantly portrayed in the television show, Breaking Bad and the novel, The Stick Up Kids. The American Dream is what many American citizens strive for. However, not all of those citizens are able to achieve the American Dream through a legal pathway. The reason an indivudal may not being able to do so is because of his or her background factors. It is important to note that background factors are a fractionRead MoreShark Tank And The American Dream1755 Words   |  8 PagesShark Tank and The American Dream The TV show Shark tank embodies everything the American dream represents. The show obtains successful Entrepreneurs ready to invest their own money into other Americans wanting to be just like them, reaching the American dream and become a successful entrepreneur. The show presents entrepreneurs working towards the goal of creating a business to not only gain wealth but also change the way we live today. The show is to keep the American dream alive and well while

Transformation Randle McMurphy Patients Essay - 844 Words

Transformation: Randle McMurphy Patients He waltzed into the ward and introduced himself to every patient as a gambling man with a zest for women and cards. Randle P. McMurphy, a swaggering, gambling, boisterous redheaded con man, arrived at the ward from the Pendleton Work Farm. He was sentenced to six months at the prison work farm, but pretended to be insane in order to obtain a transfer to the hospital because he thought it would be more comfortable than the work farm. Bromden senses that there was something different about this new patient. After his first experience with the excruciating routine of the Group Meeting, McMurphy tells the patients that Nurse Ratchet is a genuine â€Å"ball-cutter.† The other patients tell him that†¦show more content†¦The struggle between Ratched and McMurphy takes on the symbolic overtones of a mythological, comic battle. McMurphy learns that involuntarily committed patients cannot leave the hospital without staff approval. Therefore, he cannot leave at the end of his six months sentence, but when Nurse Ratched says he can and he begins to submit to her authority. However, by this time, he had become the leader for the other patients. Their sanity, their claim to manhood lies in the balance. Cheswick, dismayed by McMurphy’s surrender, commits suicide. Cheswick’s suicide signals to McMurphy that he has unwittingly taken on the responsibility of rehabilitating the other patients. However, after protecting Big George from the cruelty of Ratched’s aides, McMurphy is sent to Disturbed for electro-shock therapy. The weight of his obligations to the other begins to wear away his strength and his sanity. Nevertheless, McMurphy arranges a fishing trip for himself and nine other patients. He guides them through the process of dealing with the hostility of the outside world and sets the stage for Billy Bibbit to lose his virginity by arranging a data between him and Candy Starr, a prostitute from Portland. When the other patients sense that McMurphy is weakening, they urge him to escape. He tells them he will leave early in the morning after Billy has his date. He arranges a going away party for himself. While Billy finally enjoys the pleasure of sex with Candy, McMurphy and theShow MoreRelatedCharacter Analysis of Mcmurphy972 Words   |  4 Pagesnarrated by Chief, a patient, starts in a mental ward that is run by Big Nurse Ratched. The policy is the law and no one can change it, only abide by it. The patients are being oppressed by Nurse Ratched, though they don’t realize it until McMurphy shows up. The patients do as Nurse Ratched says because they fear her wrath. Throughout the novel, the character Randle Patrick McMurphy represents the rebellious people in the oppressive society. As the story progresses, McMurphy commits many rebelliousRead MoreThe Film One Flew Over The Cuckoo s Nest1267 Words   |  6 PagesIn the novel and the film One Flew over the Cuckoo’s Nes t there are a variety of transformations. In the film the actors are not portrayed, looks wise, as they are in the book. There are many characters whose appearances aren’t how they are described in the book, like Nurse Ratched and Chief Bromden. There are also many events and incidents that happen in the book that do not happen in the movie. The movie includes a character or two that was not mentioned in the book and characters are portrayedRead MoreKen Kesey s One Flew Over The Cuckoo s Nest2448 Words   |  10 Pages1960’s, and is presented through the vision of Chief Bromden, a patient that is stuck within an figment of imagination where those who fall to the mechanical system become the machines themselves. The novel’s lead character, Randle Patrick McMurphy, assumes the role of a hero, in both a classical and contemporary sense, where he is pitched against Big Nurse Ratched, a tyrannical force within the hospital itself, who coerces all her patients into t he combine, which essentially diminishes them into dependencyRead More One Flew Over The Cuckoos Nest Essay example1619 Words   |  7 Pagesand the prospect to become â€Å"big again.† The man who does so is no other than R.P. McMurphy. Scanlon, Harding, Bibbit, and Chief Bromden may have become adjusted to the oppressive system in which they lived, but certainly were much better adjusted to the real world and life in general after their experience with McMurphy.   Ã‚  Ã‚  Ã‚  Ã‚  Some people may argue that the people of the mental hospital were better off without McMurphy because their lives were â€Å"normal† and routine. Their daily routine guided them throughRead More Point of View in Ken Keseys One Flew Over the Cuckoos Nest2256 Words   |  10 Pagescentral character of Randle Patrick McMurphy, Kesey gives us narration that is objective, that is to say from the outside of the central character, and also narration that is subjective and understandably unreliable. The paranoia and dementia that fill Bromdens narration set a tone for the struggle for liberation that is the theme of the story. It is also this choice of narrator that leads the reader to wonder at the conclusion whether the story was actually that of McMurphy or Bromden. Keseys choiceRead MoreKen Keseys One Flew Over the Cuckoos Nest and Anthony Burgesss A Clockwork Orange2318 Words   |  10 Pagesby Ken Kesey, and A Clockwork Orange, by Anthony Burgess, both deal with authorities that deprive their people of freedom for the sake of their rule. The former takes place in a contemporary mental hospital, where a conniving nurse torments her patients with her stipulations, and tortures those who do not abide by her standards. The latter novel, set in the dystopian future, is about a criminal teenager who is arrested by the government and undergoes a new reformation treatment intended to induce

Psychology Y163 Tma2 Free Essays

Drawing on appropriate evidence from Chapter 5, describe how groups can influence people in positive and negative ways. For this task I will be studying how groups of people that we have in our lives can affect us in both a positive and a negative way, such as peer pressure from a social group or pressure from family. From a very early age we are influenced by the people around us. We will write a custom essay sample on Psychology Y163 Tma2 or any similar topic only for you Order Now If we are in good company and the right crowd we will be affected positively, on the other hand if we are amongst bad company and fall into the wrong crowd we will be affected negatively.To start with I will look at some of the more positive effects that groups of people can have on us as individuals. For example if you are around a good group of friends as you are growing up going into adulthood, this can play a vital role in shaping your personality, and their influences, could change you for the better. An example of how groups can influence us in a positive way is â€Å"Kondo’s Story† taken from â€Å"starting with psychology† (2010). In this extract from her own book Kondo describes what life is like as a Japanese American and how she tried to fit in with both of her cultures.Although at first she was not accustomed to the Japanese way of doing things in time she began to feel a positive feeling for the Japanese family she was staying with and began to want to behave in a Japanese way. So by the end of the extract she not only feels like an American woman but a Japanese woman also. Spending time with a positive group of Japanese people, made her understand her Japanese roots, traditions and etiquette that are part of their everyday life. As she started to fit in more and more she described how pleased she felt.Looking at what others do around you can bring about a positive change in your way of thinking and how you live your life. Groups will often shape who you are. It doesn’t have to be a close group of friends it could be just people you are regularly around. For example if you are with people who dress smart, are in a stable job and speak in correct English. You will most likely pick up their traits. You will feel this is right and will follow. Muzafer Sherif l (1961) carried out a number of experiments that involved young boys at a summer camp.The experiment worked by splitting the boys into two groups. As time went on the boys in each group became closer and more competitive. A tournament was arranged and although some aggression was noted other good behaviour stood out such as group loyalty, solidarity and co operation. As the experiment progressed they introduced games which required both groups to work with each other in a positive way which was highly successful. Experiments like this one show that group influence can be a positive one.For the next part of this task I will look at the negative effects that groups of people can often have on us. There are times in all of our lives when we have done certain things or lead a certain lifestyle due to the influence of the people around us. You can find yourself blindly imitating something that you know is wrong but the urge to â€Å"follow the crowd† is so great you ignore what you know is right. Example of negative group influence â€Å"Starting with Psychology (2010), an experiment carried out in America by Phillip Zimbardo in 1971.He and his colleagues set up a fake prison situation and randomly chose a group of men to act as the guards or the prisoners over a period of two weeks. However after just six days the experiment had to come to an end after both of the groups took their assigned roles too seriously. Both sides were showing worrying signs of brutality and emotional disturbance. This experiment showed just how quickly normal rational men could become violent and aggressive when expected to act in a certain way.We have all been in situations were we realise something is expected of us. It is interesting to see, in this example, how easy it would be to conform and fall into the roles that are given to us by others. Another example I will refer to is Solomon Asch’s study in the 1950’s. You and 6 other people are seated around a table. The whole group is shown a picture of a straight vertical line. You are then shown three more lines of differing lengths. Everyone is then asked to pick out the line that matches the original one.You then each give your answer out loud. However, six of these people are in on the experiment and deliberately give the wrong answer. Out of 50 of the people involved 75% of them gave the wrong and followed what the others said, even though the right answer was clearly obvious. Surely this shows how negative group influence can be on one’s behaviour. This experiment was harmless, but outside the confines of studies and experiments, following people and trusting others instincts rather than your own conscious could have serious consequences.I think I have shown in the pieces of evidence that I have used, groups can be a good and bad influence. They can provide us with stability, friendship and the feeling of belonging and loyalty as shown in my first 2 pieces of evidence. They can also be damaging and harmful when used by others to lead and deceive people who are vulnerable as shown in I believe we have all experienced some kind of group influence in our lives whether good or bad. In my opinion these experiences make us who we are and are important part of our lives How to cite Psychology Y163 Tma2, Papers

Financial Law Foreign Banks and Mortgage Lending

Question: Discuss about theFinancial Lawfor Foreign Banks and Mortgage Lending. Answer: Discussion The current study is based on Bill Jones a public servant who has recently been married to Mary. After getting married, they are in need of a new house and therefore they need to take a mortgage in order to purchase a house. Therefore, the couple has referred to a mortgage broker Fred who will help them in getting their mortgage sanctioned. The actions that are required by Fred Smith in order provide services to Bill and Mary requires various actions and operations. Fred firstly needs to know about the financial status of the couple and their past history about any loans or mortgages taken earlier. The term of repayment is also made ware as it predicts the reputation of the client (Bohle 2014). After getting to know the financial and personal information of the couple, Fred undertakes the procedure to initiate the loan procedure (Dagher and Kazimov 2015). The first step involves defining the consumer credit and making the couple aware of the credit contract, which means defining the interest rate, the term of loan, type of loan and the fees that need to be paid in order to get the loan sanctioned. The next activity involves defining the legislation under the National Consumer Credit Protection Act 2009 (Massey et al. 2016). Fred ensures that the couple has adequate information to make an informed selection. Fred even in forms the couples about the process they can undertake in case of any disputes. The Responsible Lending Provisions are even explained so that they are aware of all the legal obligations for undertaking the mortgage. The next step involves Responsible Lending where Fred makes enquiries about the financial situation, objectives and needs. The next involves the various steps to verify the information gathered from the couple and make preliminary and final evaluation about the contract suitability (Scharfstein and Sunderam 2014). The credit is provided under a credit contract and all the obligations regarding the loan process are explained to them. The knowledge about the regulations of loan of the financial institution is given so that the couples are aware of all the obligations. Fred needs to undertake these actions in order to provide an efficient service to Bill and Mary. Reference List Bohle, D., 2014. Post-socialist housing meets transnational finance: Foreign banks, mortgage lending, and the privatization of welfare in Hungary and Estonia.Review of International Political Economy,21(4), pp.913-948. Dagher, J. and Kazimov, K., 2015. Banks? liability structure and mortgage lending during the financial crisis.Journal of Financial Economics,116(3), pp.565-582. Massey, D.S., Rugh, J.S., Steil, J.P. and Albright, L., 2016. Riding the Stagecoach to Hell: A Qualitative Analysis of Racial Discrimination in Mortgage Lending.City Community,15(2), pp.118-136. Scharfstein, D. and Sunderam, A., 2014. Market power in mortgage lending and the transmission of monetary policy.September, https://people. hbs. edu/asunderam/Mortgage,20.

Marketing Principles Essay Thesis Example For Students

Marketing Principles Essay Thesis A. Definitions1. ABCABC stands for activity based costing. This is defined as a method which identifies various activities needed to provide a product and determines the cost of these activities. I would say it is a method of breaking down the process of the business’ activity down to its root components. Then the causes of profit losses can be weeded out. For example, in a warehouse setting in which I worked, there were a few major departments which included receiving, stock dept., pick/pack, and shipping department. Merchandise traveled through the warehouse along this pathway. If say, production (boxes shipped) is down, we can specify the cause using this technique. Instead of just knowing that production is down, we may learn that the receiving dock is backed up , which leads to no merchandise for the stock dept., which results in orders being held up on the flows. Management can then find the cause of the backup in receiving and go from there. 2. ADEAStands for the Age Discrimination in Employment Act, which, according to text, prohibits age discrimination and mandatory retirement. It was established in 1967. It pretty much explains itself. Basically, there cannot be a maximum age for employees, and termination can not be based solely on age. A good example of this would be a mother returning to the work force. They may be frowned upon due to their age. I have read somewhere that people over the age of forty are in a protected class, and cannot be discriminated against by virtue of the law. 3. BARSThis stands for Behaviorally Anchored Rating Scale. It is defined as a rating technique that relates an employees performance to a specific job related incident. This definition doesn’t really help me. It seems that the procedure is to define certain personality traits that are essential for a certain function, then to rate the prospective employee based on a scale of these trait. For example, someone applying to be a chef would be hired on base on a number of traits, one being prior experience. A ten on the scale would be something like, â€Å"10+ years of experience in a 4 star restaurant†, while a zero would be â€Å"no experience†. The employees â€Å"worth† could be determined by a composite of all these scales. 4. COBRAStands for Consolidated Omnibus Budget Reconciliation Act. This is defined as a policy established in 1985 which required continued health coverage (paid by employee) after job termination. This means that health insurers cannot discriminate base on a person’s employment status. An example would be a victim of a downsized company, forced to work for a company which does not provide health insurance, and so must continue their current plan. 5. E PStands for Effort yields performance, and is defined as: The degree of expectation that putting effort into a given task will lead to high performance. I would say, â€Å"Is it worth all the trouble?† For example, no matter how much effort I put into reading a first edition Crime and Punishment, written in Cyrillic figures, my performance in reading Russian will not improve in the least. However, if I put a good deal of effort in actually learning Russian from the beginning, taking a class or reading a how to book, there is a greater chance that my performance will increase. 6. EVAStands for Economic Value Added system. It is defined as a control system that measures after-tax profits minus the cost of capital invested in tangible assets. This , according to text, is intended to capture all the things a company can do to add value from its activities. I would guess that this method roots out all unnecessary assets, as can be shown by increases and decreases in this figure. If a company is buying new real estate every year, this may lead to loss of net profits, if the real estate is purchased carefully. This fact could be discovered using this method. 7.ERG TheoryDefined as a simplification of Maslow’s hierarchy of needs. This theory has three levels; existence, relatedness, and growth. This is a simplification which makes this psychological theory applicable to the business world. The achievement of these needs make for a satisfied worker. A warehouse worker first want to feel safe and physically comfortable at work (existence), then would like to get along with their fellow employees (relatedness), and finally, would like to know that they are not in a dead end job. If it is 120 degrees in the warehouse, their first need is not met, and therefore no progress will be made. In a comfortable warehouse full of jerks, the worker will still have a ceiling of satisfaction. Finally, even the best environment combined with a dead-end job will make for an unhappy worker. 8. FDAFood and Drug administration, a government agency which approves the safety of food products and drugs as safe for human use. An example of their legislation is the approval of the abortion pill. Although some may believe it is immoral, the FDA still approved it. This is because they felt it was safe for consumption, which is the ethical decision. The FDA is not influenced by moral issues. 9. GATTGeneral Agreement on Tariff Trade, which basically mapped out international trade regulation. The main function is to protect the â€Å"little guy† from unfair trade practices. For example, the United States cannot hamper the chances of a third world county in the global economy, by imposing unfair tariffs, etc. This is an attempt to bride the gap between wealthy and poor nations, which evidently hasn’t accomplished much. 10. HMOStands for health maintenance organization. I couldn’t find much in the text about this one, although I know that it is the same as health insurers. Their major downfall, it seems, is that they have lost a â€Å"human touch†, which is at the root of the medical profession (Hippocratic Oath). For example, possibly an extreme example, a covered person who receives medical service could possibly not be covered because of something like forgetting to cross a â€Å"T†. All business. 11. HRHuman Resources, name for employees, or a department of a company which is responsible for recruiting, hiring, and keeping employees happy. They can implement strategies to departments for particular company goals. The functions of the HR dept. at my company which have affected me include hiring me, referring me to my department, orientation, explanation of benefits, and approval of my tuition assistance. 12. MBOManagement by objective, basically setting goals for employees as a means of management. Problems with this method of management is that it does not account for any major changes in the future. In my warehouse work, we were required to maintain a rate of 75 picks per hour. This is a decent environment for this type of management, since there is no major fluctuation in the work. It failed, however, to account that most of its employees couldn’t count to 75. How does the presentation of life journeys compare between Tita and Mikage in Laura Esquivel's Like Water for Chocolate and Banana Yoshimoto's Kitchen? Essay1. Chaos theory states that the universe is a series of random event, and that one insignificant even could have very far reaching consequences. In order to survive in a chaotic world, a species must be dynamic and adaptable. This is why lower orders of life have outlived higher orders by sometimes immeasurable amounts; their ability to adapt to a changing environment, e.g. ice ages, meteorites, etc. This type of thing can be conveyed to the mindset of a modern, successful company in today’s chaotic global environment. The strong and rigid used to be the most powerful in the stable industrial age, but now the lean, efficient, dynamic company under the new management paradigm will succeed. It’s like an old muscle car. They can beat any car in the straight drag race, but the smaller, light, better designed car will respond much more successfully to the winding, chaotic road. The reason chaos theory has influence management so greatly is because we are now in a chaotic world economy. One hundred years ago, there was no need for anything more progressive and dynamic than the old management paradigm 2. Culture shock is another result of the chaotic, globalizing economy. I have heard that if you don’t know how to bow in Japan, don’t, since it itself is a dialect, and more likely than not, you would end up insulting your host. Also, a firm handshake and eye contact are seen as a threat in Japan, although they are an essential in American culture. For the American who has learned this the hard way, they have experienced culture shock. When an American works or manages in a foreign land, they are almost always bombarded with new values of their new colleagues. It is impossible to determine what is â€Å"right†, and for now, it is essential that we adapt to the mores and ethics of these different cultures. As the global marketplace develops, I believe that all business practices will diffuse and mix with each other, and in time, form one established way of acting in a workplace setting. I could not find much about future shock, so I will wager a guess that it occurs when classically trained managers encounter the new global economy, and watch the demise of all the â€Å"truths† they hold dear, the same way an atheist would feel if she/he saw God face to face. I would also venture a guess that this occurred when the old managers, used to their power, saw their methods lose strength and validity. 3. A mission statement is defined in the text as a broadly stated definition of an organization’s basic business scope and operations that distinguishes it from similar types of organizations. This makes me think of the electronics store, â€Å"Best Buy†. I was browsing in the store when the salesman came up to me and went on to explain how he didn’t work on commission and that he would not pressure me into a high priced product.. The mission statement for that company probably stated that in order to set them apart from other electronics stores. A mission statement focuses the goals of the organization in order to be successful. Possibly methods such as ABC analysis could be used with a mission statement. The functions of the company, or lack thereof could be compared to see if they are consistent with the mission statement, assuming â€Å"success† is not being achieved. If they are, the mission must be changed, if not, the actions can be changed. It is important that the mission statement be flexible, as to â€Å"conform† to the new management paradigm. If it does not take chaos into account, it is likely that the company’s goals will not be achieved. 4. Total quality management (TQM) is defined as a management approach that focuses orgainzationwide attention on delivering total quality to customers and includes (1) employee involvement, (2) focus on the customer, (3) benchmarking, and (4) continuous improvement. This seems like another interpretation of the new management paradigm, as evident by the first part, employee involvement. TQM assumes that the input and involvement of employees is one of the main parts of providing customer satisfaction, which is the goal of any organization, chaos or not. Which leads to focus on the customer. This is a departure from the old focus on profits. In the old paradigm, profits were the measure of success. Now, as we globalize, it is more important to adapt to a variety of needs and desires of a broader base of customers. Benchmarking is setting a standard. This seems like an idea of the old paradigm, i.e. what was good enough yesterday is good enough today. This is not true, although benchmarking is vital as a measure of where not to fall below. This brings us to the fourth part, which is continuous improvement. What was good enough yesterday is NOT good enough today. This should apply to individuals as well as businesses. New benchmarks must be set for success in the chaotic atmosphere. 5. The concept of virtual corporation is the icing on the cake for ideas such as globalization and interdependence. Buy a personal computer and you will see a manifestation of a virtual corporation. 20 years ago, IBM, more or less, made the whole computer (chip, software, harware, etc.) Now when you buy, for example, a new Dell system, you may get a Sony monitor, Microsoft Keyboard, mouse, and operating system, Intel Chip, and a cannon printer. The idea is that Dell focuses on manufacturing the computers. They leave the speed of the chip and the clarity of the monitor to Intel and Sony, respectively. This results in a much more efficient corporation which isn’t â€Å"spread too thin†. It also results in a better product, and more profits for more companies, fueled by high customer satisfaction. One flaw in this type of setup is an interdependency between all of these companies. If Intel is having problems, then 99% of PC manufacturers are having them too. This is rarely the case, since each company is only concerned with the one task at hand. Virtual corporations are just another result of decentralization and more free and faster exchange of goods and ideas. BibliographyPrinciples of Marketing text, 1999Business Essays