Friday, October 25, 2019
A View From the Bridge Essay -- essays research papers
Eddie Carbone is an American-Sicilian man working in Brooklyn. He works as a longshoreman: carrying crates and goods from the ships. He is quite a large man. His job requires him to be strong and a good worker. In other words he is very masculine. He is an ordinary man. He lives with his wife and niece, whom he treats like a daughter, and like all good men should do, he works every day to provide them with enough money to survive on. Eddie is a manââ¬â¢s man. He lives within a close-knit community of Sicilians and is a well respected member of society. Eddie sees himself as a prime example of how a man should act and look. The ending of a view from the bridge is fairly predictable from the beginning as it is hinted at by the narrator Alfieri throughout the first scene until the climax at the end of scene one where it becomes evident to us that a fall is about to occur. Many factors contribute to the tragic downfall of Eddie Carbone. However it is his limited understanding of what it means to be a man that is the most prominent. Eddieââ¬â¢s perception of what it means to be a man is also connected with his views of women. Eddieââ¬â¢s forbidden love for Catherine is also one of the main driving forces behind the tragedy. The downfall of Eddie Carbone may have eventually occurred even without Marco and Rodolpho coming over from Italy as his love for Catherine was unnatural. Marcos strong belief in the Sicilian codes of conduct cause him to fight Eddie. Eddieââ¬â¢s limited understanding of what it means to be a man becomes damaged and challenged during the play, he responds terribly to these and d oesnââ¬â¢t approve when other men do not act as he believes men should. In Alfieriââ¬â¢s opening speech he makes it clear that something bad is about to occur. He says ââ¬ËSat there as powerless as I, and watched it run its bloody course. This oneââ¬â¢s name was Eddie Carboneâ⬠¦Ã¢â¬â¢ This makes it clear that Eddie too is to follow the fate that something bad, but unstoppable is going to happen. Alfieri, like a narrator in a Greek tragedy, characterizes the chorus in the play and he tells the story and suggests eddies downfall throughout the play. ââ¬ËThere was a future; there was a trouble that would not go awayââ¬â¢. Here Alfieri is explaining that even if Rodolpho and Marco hadnââ¬â¢t arrived, Eddieââ¬â¢s love for Catherine wouldââ¬â¢ve bought a downfall. Especially seeing as his relationship with Beatrice was becomin... ...ting his name. He says to Marco ââ¬ËNow gimme my name!ââ¬â¢ Eddie believes that Marco has taken his name. Eddie shouts out to the crowd ââ¬ËMaybe he came to apologise to meââ¬â¢. Eddie tries to make the crowd think that it is Marco, who has done wrong by taking Eddieââ¬â¢s name, Marco has damaged Eddieââ¬â¢s pride and Eddie believes he should pay for this. The biggest factor that drives the tragedy is definitely Eddieââ¬â¢s narrowed view of what it means to be a mean. The cousins coming to America only acted as a catalyst for what was bound to happen between the Carbone family as Eddieââ¬â¢s inappropriate love for Catherine wouldââ¬â¢ve driven them apart eventually. Rodolpho is like a threat to Eddie as he might take Catherine away from him. Eddie not only has stereotypical views on men but on women too. He believes they should look after the house, stay at home and care for their husbands. He sees men as stronger and more authoritative than women. He therefore believes strongly in men having a reputation. This is what finally causes Eddie and Marco to fight, as Eddie wants his name and reputation back. This is how Eddieââ¬â¢s understanding of what it means to be a man leads to his downfall and so drives the tragedy.
Thursday, October 24, 2019
American Dream or Nightmare?
To understand the American dream itââ¬â¢s easiest to look back in history at how great historical movements created and shaped the American dream idea. For starters a long time ago around the 30ââ¬â¢s, James Truslow Adams, a popular historian, was putting the final touches on the preface to his latest book. It was an interesting time in the life of our nation. Though the crash of 1929 had signaled the beginning of the Great Depression that was to be endured for years to come, there was also a spirit of progress, of possibility.On the day Adams was finishing his manuscript, President Herbert turned on the lights of the newly opened Empire State Building. High hopes amid hard times: the moment matched Adams' thesis in his book, ââ¬Å"The Epic of Americaâ⬠(Meacham 1-4). A history of the nation that was to spread a term not yet in the general lingo in those last years of the reigns of Harding, Coolidge and Hoover. Adams' subject, he wrote, was ââ¬Å"that American dream of a better, richer, and happier life for all our citizens of every rank which is the greatest contribution we have as yet made to the thought and welfare of the world. , (Meacham 1-4). It was not a new thing, this abiding belief that tomorrow would be better than today. ââ¬Å"That dream or hopeâ⬠(Meacham 1-4). There is no single definition of the American Dream. Different people in the US have a different perception of the idea of American Dream. The history of American Civil War helps people understand the two different views regarding the American Dream. All thirteen colonies of the pre-independence era fought together against the British forces. By the end of the American Revolution however, things had changed.The southern colonies had different views which didn't match with those of the northern states. The northern states were against the tradition of slavery and wanted a federal government to rule the nation. They also favored the growth of industries in America. Southern states on the other hand, wanted a sovereign state for them; they also supported the system of slavery which provided them with cheap labor. Interests of these states lied more in the area of agricultural development as against industrial growth. These clashes and differences in opinions eventually culminated into the Civil War.Today, many Americans have lost their faith in the idea of the American Dream. Again John Mullerââ¬â¢s ideas from ââ¬Å"Capitalism, Peace, and the Historical Movement of Ideasâ⬠, talks about a great point about the US Government. ââ¬Å"Imperialist policies of the US Government more than the economic crisis are responsible for the occurrence of this situation. Interestingly, the efforts of USA to establish superiority over other countries were perceived as a part of the American Dream by manyâ⬠(Mueller 169-184). James Field JR. explains the history of war from his book ââ¬Å"History of United States Naval Operations: Koreaâ⬠.After the for mation of Canada, there was no territory left in North America for the US to expand. Thus, the US turned to the east and supported South Korea against North Korea in its effort to weaken China's influence in the region. After helping South Korea in regaining its territory from North Korea, the US decided to invade North Korea. Chinese authorities warned them against taking any such steps. However, the tensions between these countries rose and eventually the Korean War broke out. A 200,000 strong Chinese army attacked the UN (United Nations) forces which supported the US.Fearing the intervention of USSR, the UN forces retreated back to the south. James Field JR. goes on to conclude ââ¬Å"The reason behind citing these instances is that, in the process of asserting itself as a superpower, America went so far as to suppress the weaker nations. The imperialistic policies of this country have therefore, acted against the very essence of the American Dream i. e. Liberty/freedom. In order for the American Dream to exist and thrive, the US should not only strengthen its economy, but also act as a responsible nation. â⬠This is why the American Dream has and never will be feasible.The Idea of the American Dream has become so prevalent in todayââ¬â¢s motto and goals that it is literally ruining people lives. People line up at the proverbial starting line and originate a pissing contest in an attempt to attain degrees, cars and houses at an unreasonable debt, get jobs that we loathe, and max out our credit cards along the way. In the midst of this survival battle, people are keeping their eyes toward what they were all told about attaining the ââ¬Å"dreamâ⬠that includes a home, family, and acquiring as many things as we can.So why is the American dream so important to everyone if there is no such thing as it? The first myth that America obtains as a nation is that anybody can succeed with hard work. For everyone to succeed with hard work, that would requi re equality of opportunity, which does not exist because opportunity differs based on class and status. The American dream justifies inequality based on social class by your position in class as a fair reflection of what you deserve. Justifying inequality based on ascribed status attributes inequality to a personal trial or defiance in the minority group.James Tueslow Adams states that the American Dream is a dream of a land in which ââ¬Å"life should be better and richer and fuller for everyone, with opportunity for each according to ability or achievement. â⬠Too many of us have grown weary and mistrustful of it. It is not a dream of motor cars and high wages merely, but a dream of social order in which each man and each woman shall be able to attain to the fullest stature of which they are innately capable, and be recognized by others for what they are, regardless of the fortuitous circumstances of birth or position.The United States has always been considered a land of equ al opportunities. People from all over the world have migrated to the US, mainly in search of employment and freedom of religion. However, there are many factors responsible for making America a sought-after destination in order to lead a prosperous life. The United States is a nation where the ââ¬Ëindividual', rather than collective population attains ââ¬Ëcenter-stageââ¬â¢ in the process of devising policies, making changes, taking up developmental initiatives, etc. Alperovitz, and Thomas 18-23) The youth from the Third World nations have always found USA to be attractive; for them, the socioeconomic conditions back home are in contrast with those found in America. The freedom which can be experienced in America is nowhere to be found. However, there is also a darker side to the American society which needs to be understood. The American Dream has been flawed by social evils like slavery, racism and recently by the grand policies of its government.John Mueller author of â â¬Å"Captialism, Peace, and the Histroical Movement of Ideasâ⬠writes that, the promissory note of ââ¬Ëall men are created equal' in the Declaration of Independence was rendered meaningless when Negroes were used as slaves (Mueller 169-184). Just like any other nation, America too has its limitations. In order for the American Dream to exist, itââ¬â¢s a necessity to eliminate these social evils prevalent in the American society. The second myth for the American Dream to exist is that free capitalism is the growing achievement of our democracy. For example Fair employment.
Wednesday, October 23, 2019
Business Purposes Meetiing Aims and Objectives
The BBC is continuing its focus on delivering the best possible value for for licence fee payers. It means focusing on improving efficiency and generating maximum returns on their assets. By 2013 they will have delivered efficiency savings totalling nearly à £2Billion meeting their 3% annual savings target. They are now two years into their five-year efficiency programme, and by 2013 the work they already done will generate efficiency savings of à £1,453million, which is the equivalent to 73% of their total savings target. They have succeeded in reducing the license fee evasion to just 5.2% of income a 0.1% improvement on last year. BBC Worldwide has achieved a significant increase in profitability this year from à £106million to à £145million by growing its new business areas. This improved performance will benefit the BBC as they will put it into new and original programming. Maximising the impact of the license fee Maximising the returns they make on programmes paid for by the license fee. Their main commercial subsidiary, BBC Worldwide was created to generate the maximum return on programmes paid for the license fee payers. To achieve this they sell BBC programmes, formats and merchandise across the world. Spreading the benefit of the license fee across the whole of the UK The BBC is for all license fee payers across the whole Of the UK. They are committed to growing the whole country's creative industries and production talent. That is why one of the key metrics is the proportion of money they spend on the network televisions outside of London. Keeping costs down where ever possible. They Have made an increase in Scotland, Northern Island and Wales. According to an independent study impact of the BBC as helped create and support over 7,000 jobs in Glasgow, Cardiff and Bristol. They also offer a pension scheme to all their employee's at a rate that is reasonable and affordable to all those who work for them. So all in all the BBC are meeting both their aims and objectives according to my research. They make a profit as well as help support the public and bring the nation together with its music stations and televised programmes. They have to work within their budget given to them by the government and if they underspend then they have to give it back. Their turnover is relatively healthy and they do continue to make a profit each year which is good for all of us in the long run.
Tuesday, October 22, 2019
Outstanding Ideas for a Subject Fair and Guidelines
Outstanding Ideas for a Subject Fair and Guidelines Science Fair Projects: What You Need to Know A science fair project is one of the most popular assignments to test what students have learned in the class. When completing such a task, you need to research the chosen problem, offer the best solutions and design a way to test offered ideas. Such experiments are quite popular in high schools, but they require more skills than just basic knowledge of the subject. Distinguishing features of such assignments are originality, research and analytical skills. Your project should also be relevant to the latest technologies and inventions. It should contribute to the society and offer a solution to one of the modern problems. The best ideas for your science fair project There are many ideas, which will help you to get started. They differ depending on your academic level because you need to understand the discussed topic freely. Below you will find lists of great ideas for your science fair project depending on the grade and subjects. Elementary topics The following ideas are designed for students of a 4th grade. They aim to show what you have learned during your 3rd and 4th grade, so donââ¬â¢t hesitate to choose the one, which suits you the most: How do seeds germinate; Soda carbonation; How soil erosion can be prevented; How Easter eggs are dyed; Is it possible to have a color-mixed crystal? Usage of hydrogel crystals in detecting humidity; Insulators and conductors; Factors, which cause dew; How soil erosion can be prevented? Various taste zones of our tongue. Middle school topics 8th grade students should be able to perform all the skills they have gained in the 5, 6, 7 and 8th grades. Here are some of the best topics: Can chewing gum make students smarter? Dependence on solar power on temperature; Influence of light on plants; How fabric softener influences different types of fabrics; Do we have a blind spot? Electromagnetic trains: how they work; How to power a radio, using solar power; How smell and taste interlink; Ways to clear up an oxidized coin; Impact of music on different biological species. Ideas for various subjects During high school students need to face multiple subjects and very often teachers simply ask them to invent the topic independently. We have some ideas for you! Chemistry Influence of acids on corrosion; How to turn milk to plastic; Homemade PH paper; Solution for soluble separation; How to identify chemical substances. Electronics and electricity Medical applications, which remind when you need to take pills; How to make a dimmer switch; Magnets to detect current; Brightness and current; Wire recording. Food science and cooking How to determine the content of iodine in salt; Does the level of sugar differ depending on fruit ripening? How much water dried beans absorb; How to choose the right pot; How to measure the sweetness of your meal. Microbiology Resistance of antibiotics; How to minimize bacteria, while cooking meat; Use of disinfectants. Power and energy How to turn oil to fuel; Energy of biomass; How to extract energy from the ocean? Usage of hydropower; Creating a solar oven on your own. How to choose the most suitable science fair project topic Once you get familiar with various ideas for your science fair, you need to decide which suits you the most. It can be very challenging not knowing where to start and what to do. That is why we offer you some tips to choose a perfect idea: Does the topic meet the teacherââ¬â¢s requirements? The chosen idea must fulfill all of the requirements, because you risk of being disqualified; Can you complete the project? The chosen topic must fit your skills. If you select a difficult idea you will need more time to complete it and will most likely have to turn for side assistance; Can you deliver it on time? Long-lasting projects may result in late delivery, which can influence your final grade. Choose a topic, which you can surely deliver before the deadline; Make sure you are able to provide all the tools and items, required by the experiment. If you have a limited budget, you wonââ¬â¢t be able to conduct a science fair project, which requires expensive equipment.
Monday, October 21, 2019
Cope dont Mope Professor Ramos Blog
Cope dont Mope In 6th grade I had just finished running laps in my p.e class and since it was my last class of the day i was gonna go change and then wait for my ride to come pick me up. I found a big tree at the front of the school so i was just gonna lay there while I waited because it was pretty hot that day so it was nice to be in the shade. I was so tired after my run that I actually ended up closing my eyes for a bit and i didnt open them until I heard someone walking up to me. When I opened my eyes, all I saw was someone in a grey hoodie throwing a punch at my face. This was nothing new though, this was just the most recent attack in a year full of bullying at all that bullying put me in a really bad spot that took me years to recover from. I had to figure out how to cope with the bullying and basically had to prove to myself that I was worth it. I was bullied from 5th grade up to 7th grade and a little into 8th but by the end of 8th grade i had grown taller than everyone else so no one dared to mess with me anymore but those years of abuse left a big mark on me and my mental health. It actually got so bad that the latter part of 6th grade and the early part of 7th grade when my family would leave for work or school and i was home alone i would actually get my dads handgun load it and put it to my head and sit there until someone comes home then I would hide it again. I did that until i heard two quotes that at least got me to stop contemplating suicide. I have no idea who said them or where i heard them but they absolutely changed my life they are ââ¬Å"Suicide is a permanet solution to an impermanent problemâ⬠and ââ¬Å"suicde does not get rid of your pain, it only takes it and gives it to someone elseâ⬠. The second quote was the one that really saved my life because imagine my dad coming home and finding me dea d in his bed, with his gun in my hand. I know my dad and he would feel like he failed me and our family and I could not put my family through all of that. It wasnt until I was out of highschool when I really got past that stuff. It was a long and bumpy road though, i lost a lot of people I cared about because i came up with this tough guy alter ego to try and counteract everything that had happened but all that did was isolate me even further because i kept pushing people away so i needed a new way to cope. To add to all the mental and physical abuse I suffered in middle school immediately after middle school my dad ended up moving me away from all my friends, away from the people that made me feel safest. I went into my freshman year of highschool completely alone again so I had no one to turn to when things got bad. About half way through the semester I had started talking to people and actually making friends there was even this girl Dhalila that I really liked who I was gonna go see a movie with but we ended up moving again but this time to arizona. Instead of moving from one town to another like before this time it was to a completely different state so once again I was alone but this time I was alone in a 100 degree desert with nothing to comfort me but cactuses (which dont give great hugs I ended up finding out). So once again I have to put myself out there and make new friends but this time it was way faster because I met this girl Julie who actually introduced me to all her fri ends and one of those people actually ended up becoming my girlfriend but im hoping shell say yes when I ask her to be my fiance. So I hang out with julies friends all the way until the end of the school year then BOOM I switch schools, I dont end up moving but i end up switching schools so once again I have to make new friends even though by now im old enough to have a phone so I keep in contact with some of the people from my last school. But by now I had started pushing people away with this fake me i created and I hated that I kept doing it. I mean it was so bad that I would ask a girl out and when she rejected me i wouldnt get sad i would get mad like how dare she not want to date me. And it was awful. So now it is my sophomore year of highschool now and im doing a little bit better because the friends I made at my new school actually ended up getting me into sports. At first it was just playing catch or something at lunch but eventually they got me to try out for the football team and I liked it. I made the team as a wide receiver because im tall and can run fast. I loved the camaraderie between the guys on the team and the lights shining on the field when we played at night. Those games where the happiest id been in a very long time but after about 10 games it happened. I went up for a catch and as I was up in the air a defender from the opposing team hit me right in the chest as I was coming down and actually broke one of my ribs and put my rib into my lung which ended up puncturing it. After that I was in the hospital and bed ridden for weeks and even after i could get up I could barely move or breathe which put me back into that hole i had just climbed out of and I felt lost a gain. I thought that football was gonna be my thing, that was gonna be my thing that got me past my depression and heck maybe id even make a career out of it. But sadly it was just a nice escape for a few months but then I lost it. In December of my sophomore year I met this girl cayce through my friend Julie who I started talking to over Facebook and really quick it felt like there was some kind of connection like it seemed as though we were the same person. After only 4 or 5 months and prompting from Cayces friend I took the leap and asked her out and to my surprise she actually said yes. Ever since that day my life has been on an uphill climb even though in between sophomore and junior year I moved back to California leaving my girlfriend in Arizona. She was the one that truly got me past all that stuff that happened in 6th grade. So nearly 6 years later I finally started recovering and it was because we would always talk about our dream dates or dream house which allowed the real me to come out. Before her I had that tough guy alter ego that would say mt perfect date is sex and mt perfect house is an expensive one but with Cayce i was able to let my walls down and really go into detail on stuff and be me. F or once in years i was able to be me and I loved it. So I guess this whole paper and my whole journey boils down to be yourself no matter what people say, no matter what people do if you be you then you can do anything you want. I am about to finish my first full year of college and in only one more year I will have 3 associates degrees all because my girlfriend and my friends helped me see who the real me is. Plus this is my way of flipping off all the people that bullied me years ago, this is my way of proving them wrong.
Sunday, October 20, 2019
Ask These 10 Interview Questions to Impress Your Hiring Manager
Ask These 10 Interview Questions to Impress Your Hiring Manager You hear a lot about what not to say at an interview these days. But ever wonder if thereââ¬â¢s anything theyââ¬â¢re specifically looking for you to say? Figure out how to answer the dreaded, ââ¬Å"Do you have any questions for us?â⬠question with aplomb by considering a few of these gems. 1. ââ¬Å"How does this position contribute to your goals for this department/company?â⬠Bang! Youââ¬â¢re mindful of the fact that your role will be a part of a larger whole. Youââ¬â¢re forward thinking enough to wonder how you can contribute. And youââ¬â¢re sensitive enough to the companyââ¬â¢s goals to see how it fits into their big picture or bottom line. Bonus points if you can flip the question: just name a few of the goals for the company you already know line up with this position and then ask how else a new hire in that position might contribute or accelerate that impact?2. ââ¬Å"What do your most successful hires usually do in their first month with you?â⬠Youââ¬â¢re not just going to get the job and slouch into complacency. Youââ¬â¢re there to slay. This shows you want to hit the ground running- and that youââ¬â¢re eager to help. As a bonus, you might get some insight into the companyââ¬â¢s as-yet-unknown quirks.3. ââ¬Å"How would you measure success in this role?â⬠The interview is actually the prime time to ask this question. Again, it shows your forward thinking and your desire to excel and exceed their expectations. It also gives you a great blueprint for how to render yourself an asset as quickly as possible- much better than a vague idea of the tasks required and the typical workload.4. ââ¬Å"What recent accomplishments have meant the most to you and your team, and why?â⬠Bonus points if you can cite some of these accomplishments, or have done enough research to say there have been many. This question allows you to show off your excellent listening skills. Look! Itââ¬â¢s not all about you! Youââ¬â¢re a great and generous colleague! Plus, people love to talk about themselves. Itââ¬â¢s a great icebreaker, even for midway or almost-all-the-way through an interview.5. ââ¬Å"What opportunities are there for professional development?â⬠Doesnââ¬â¢t necessarily mean you wonââ¬â¢t be comfortable or happy in the position offered. But does mean that youââ¬â¢re hungry. That you would be willing to work up in the company. And that they might be hiring someone who will go the distance with them. Try to emphasize your enthusiasm about the company itself.6. ââ¬Å"What are some biggest challenges that might need to be faced?â⬠Whether you ask about the teamââ¬â¢s challenges- i.e. recent challenges they may have faced and how they handled them- or about obstacles or roadblocks that might come up for you in your new position, this shows that youââ¬â¢ve got your eyes open and are ready to troubleshoot and make sure you transition in and start succeeding without running into any foreseeable hurdles.7. ââ¬Å"What do you love about this company?â⬠This one could be framed as: ââ¬Å"Why did you decide to work here?â⬠or even ââ¬Å"Youââ¬â¢ve been at this company a while, what keeps you motivated by being here?â⬠You can learn a lot about the company culture as well as its structure this way. Plus, it gives you a break from talking about yourself.8. ââ¬Å"What is your client service philosophy?â⬠Really, you should try to ascertain this before the interview. But there are ways to ask about this that make you seem customer service oriented and proactive. As well as sensitive to balancing your companyââ¬â¢s needs versus that of your client.9. ââ¬Å"Do you have any questions or concerns about my experience?â⬠Seems like cheating. But itââ¬â¢s a great way to give yourself a moment to explain any holes in your resume or further justify the ways in which you might meet the listed job requirements. Itââ¬â¢s a great way t o give one last defense of yourself before the decisions are made. And, who knows, you could just assuage someoneââ¬â¢s concerns enough to make them hire you.10. ââ¬Å"What are some of the intangible qualities of successful team members here?â⬠You want to know what that certain je ne sais quoi might be that helps employees of this company excel. Your interviewer might be eager to talk about the soft skills involved in the job- which are rarely asked about in interviews. Itââ¬â¢s also a great sneaky way to get a sense of culture and what the company will value most to see if youââ¬â¢d be a good or bad fit.
Saturday, October 19, 2019
Money and banking Essay Example | Topics and Well Written Essays - 750 words
Money and banking - Essay Example Many securities that were attached to the US property prices fell drastically as well which caused problems in financial institutions globally. The initial reason why people started buying as government encouraged ownership of homes and gave people better and easier access to loans and they over valued the bundled mortgages because they perceived that the prices of property would continue to rise. Trade practices on the open market were conducted that seemed underhand and questionable and there was a lack of capital in insurance companies and banks. As a result, bank solvency on the global market fell as well and securities held by foreign banks also suffered. A credit tightening policy and a decrease in imports was noticed. Governments tried to boost the economy by injecting money in the economy and bailout packages. The US managed to get out by 2009 however places like UK due to their strict measures of increasing taxes actually slid further into this recession. The crisis could al so have occurred due to the presence of a wide base of financial products that were risky to acquire and hold. Also there were interest rate conflicts, and lack of regulators in credit rating agencies. A failure to retrace the ownership or provenance or properties and stocks etc. was also one of the reasons the recession occurred and then was so hard to get out of. Some believe that the recession was a phenomenon that arose when the Maastricht Treaty was signed. The debt of the public was agreed about less than equal to 3% of the GDP but it didnââ¬â¢t hold. The euro was to be doomed as soon as it got started or even before because Greece and Italy helped the euro classify as the currency for the euro zone. The decision making at that point were the worst. France has been under debt since 2008 and the situation has worsened over the years and one of their banks along with their criminal reputation is also under massive debt issues and still asked to fund neighboring countries howe ver it cannot help the bankrupt countries since it is in a fix of its own. Germany fell under a similar situation. Sovereign banks are wrongly being separated from bank debt when the government clearly controls everything a bank does and dictates to them what is to be done. The euro zone is at stake. Credit default swaps also rose in all regions and in 2011 were being traded at 180 when they were being traded at 80 in 2008. In Brazil as well they went up to 152 from 35, and this was because of the crisis that started in Europe. UK as well was cutting loans to its business by 30%. (Gupta, 2009) Banks were also pooling in their loans and giving risky loans to others. Securitization came about in the 20th century as well because loans would take ages being stuck in banks. Rating agencies were paid for giving good rating so people bought products even though they were not good. Initiated in Wall Street banks and other financial institutions were adopting measures that they were not nece ssarily good at. Banks were borrowing more and more money to give out loans and bad loans were incurred. Lehman brothers got into the mortgage market, buying mortgages so that they could sell them after securitizing them. Banks also started running out of people who would take loans
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