Dogs and Cats Compare and Contrast - 614 Words

Raising pets is a good habit; through it you can learn how to take care of domestic animals. You may also have many other advantages; such as while you raise a pet you will have a very sincere friend for you. Most people like to have cats or dogs as pets, but which is better cats or dogs. Both cats and dogs are easy to be raised but they differ in many things that you may prefer to raise one of them instead of the other. They differ in terms of cleaning, exercising, and training. It is already known that cats are very clean animals. They clean them selves by their tongues. They clean them selves using sands. Also cats clean their children. You do not need to clean them, just depend on them to make themselves clean. As cats do†¦show more content†¦They do not move a lot, unless there is a need to their movement. Dogs also do not create tricks; you need to teach them every single movement. Another important part in raising dogs is training; you need to have extra time to train your dog. Teaching your dog to obey instructions requires you allowing the dog to do the right commands and correct the wrong ones. You must never be too hard on the dog and avoid striking it; otherwise it will not obey you. If it tends to obey you because of punishment, it will be unhappy. Try to reward your dog as you train it, to get what you want and to make your dog follow the instructions. As a result of dogs requiring cleaning, exercising, and training, you have to provide your dog with proper leadership. In consequence, you will spend much more time to take care of your dog. While dogs and cats are a lot alike, you have to consider their differences before you choose your pet. As mentioned before cats do not require cleaning nor exercising or training, while dogs are in need of all these things. If you want to raise a pet then, try to manage your time before you choose your bestShow MoreRelatedCompare and Contrast Essay with Cats and Dogs1516 Words   |  7 PagesComp 1 Compare and Contrast Essay Cats and Dogs From my childhood until now, I have always been an animal lover. Over the years, I have owned lots of pets such as cats, dogs, fish, and hamsters. Currently I have one cat. Cats and dogs rank at the top of the most popular pets of today. Both of them have a vast number of similarities; however the differences between canine and feline are just as enormous. I am going to compare and contrast the similarities and differences between dogs and catsRead MoreCompare and Contrast the Similarities and the Differences Between Dogs and Cats.787 Words   |  4 PagesTopic: Compare and contrast the similarities and the differences between dogs and cats. Outlining: INTRODUCTION: Thesis statement: After living with them, I have noticed that although there are innumerable similarities between the dog and the cat, there are also some important differences. BODY: Paragraph 1: Cats and dogs have several similarities. + Both of them are domesticated animals kept as pets. + They eat meat, mice and never eat vegetable + They require love and affection andRead MoreCats vs Dogs Compare and Contrast Essay894 Words   |  4 PagesPeople can either be a cat person or a dog person. Cats and dogs are unique creatures yet they are the two most common household animals. I am definitely a dog person. I love dogs. I think everyone should have a dog. They’re great pets. Dogs are fun and a lot of work but it sure is worth it. Cats, on the other hand, I don’t care for. I had a cat when I was only about one year old and she got run over by a car. Ever since then my family has had a dog. Maybe if I had a cat when I was growing up IRead MoreAlfred Lord Tennyson Curiosity Analysis912 Words   |  4 Pagesboth poems are different despite having the same theme. Both poems present the theme in very different ways. Ulysses uses metaphors, similes, and a story like structure to get the theme across. Curiosity on the other hand presents the theme by using contrast, symbolism, tone and repetition. Reid a nd Tennyson uniquely get the idea of living life to the fullest across to the reader. Alfred Lord Tennyson’s Ulysses and Alastair Reid’s Curiosity share a common theme through very different subjects. Reid’sRead MoreCompare and Contrast Essay1265 Words   |  6 PagesDogs and Cats Compare and Contrast Essay Marielena Mendoza ENG 121 English Compositions I Instructor: Michael Gavino November 7, 2011 I. Introduction II. Dog A. Traits B. Independence C. Complexity III. Cat A. Traits B. Independence C. Complexity V. Conclusion Dogs and Cats A study done by The American Animal Hospital Association say; that if people were stranded on a desert island, they would prefer the company of their pet. Dogs and cats play a huge role in our lives, weatherRead MoreVygotsky And Vygotsky Theories Of Learning1257 Words   |  6 PagesTheories of learning In this essay, I will compare and contrast jean Piaget and lev Vygotsky theories of learning. First, I will discuss Piaget followed by Vygotsky then I will compare and contrast both theorists. Jean Piaget was a Swiss developmental psychologist and philosopher, he is known for his contribution to a theory of cognitive development. Piaget became interested in the reasons why children gave the wrong answers to questions that required logical thinking. He believed that these incorrectRead More Compare and Contrast: Passage 1: Description of Tom, Passage 2: Gatsby819 Words   |  4 PagesCompare and Contrast: Passage 1: Description of Tom, Passage 2: Gatsby seen The first passage is a description of Tom. He is portrayed as strongly built: It was a body capable of enormous leverage-a cruel body. He also seems to be a brutal an supercilious man. Words as arrogant, sturdy, gruff and husky create a mood around him which is quite unpleasant. This description is very objective and we get a clear picture of what Tom looks like. We are also given a description of TomsRead MoreHow to Write a Compare and Contrast Essay664 Words   |  3 PagesInstructions of How to Write a Compare and Contrast Essay 1 First look at the items you are supposed to compare and contrast. Do you understand them? If you are writing an essay outside of class, look them up. Start with your text book but also look at your notes from class, and even go and check them out at Wikipedia. If you are taking a test, and cant look things up, pause and think over what these things mean. The next two steps will help you remember. 2 Make a list of ways the twoRead MoreThe, Biological And Humanistic Approaches And Will Compare And Contrast Assumptions On Human Behavior1347 Words   |  6 Pagesof testing what factors can influence behaviour, varying from scientific to pure assumption in an attempt to understand human behaviour. This essay with explain the key ideas of the behaviourist, biological and humanistic approaches and will compare and contrast their assumptions on human behaviour. According to McLeod (2017), behaviourism is an approach in psychology that focuses on scientific testing and investigating how environmental interactions cause all human behaviour to be learnt. BehaviouristsRead MoreCulture and Frog Legs Essay688 Words   |  3 Pagesabout eating toasted ants, about eating fried frog legs, about eating puppies and kittens? About eating raw monkey brains? If you were reared in U.S. society, more than likely you think eating frog legs is okay; eating ants is disgusting, and eating dogs, cats, and monkey brains is downright repugnant. How would you apply the concepts of ethnocentrism and cultural relativism to your perception of these customs? Using your textbook and additional resources, write a two - three page paper addressing the

Too Big To Fail Free Essays

The idea that a business has become so large and ingrained in the economy that the government will provide assistance to prevent its failure. â€Å"Too big to fail† describes the belief that if an enormous company fails, it will have a disastrous ripple effect through shout the economy. The idea of too big to fail should never be possible. We will write a custom essay sample on Too Big To Fail or any similar topic only for you Order Now No single financial institute should have the power of bringing down our entire economy. The taxpayers should not have to be worried about whether or not their money is safe. There obviously has been a lack of leadership going wrought the economic system. If there were strong leaders put in place originally to deal with this situation, then so many things could have been prevented. A crisis that nearly destroyed our nation would have never even made it to the surface. I blame the lack of leadership for the economical scare. The worlds leaders should have been containing the problem as it started instead of allowing it to get that big and potentially blowing up. Fannies Mae and Freddie Mac could have been saved. But instead each bank was focused on their own needs which is understandable and appropriate. But since they were intertwined so heavily was no longer an option. These institutes should have kept their distance to prevent something from happening. Our economical leaders should have practiced better leadership skills and not but all our dollars in one basket. Because just like in 2008, if any piece of that basket were to break or be destroyed we all would go down. The buyout may have worked this time, but that is simple a patch on the service of our overall problem. Get some strong leaders in those seats and all these problem might just go away. How to cite Too Big To Fail, Papers Too Big to Fail Free Essays string(68) " were undertaking very risky ventures and even fraudulent activity\." Can banks become â€Å"too big to fail†, and should they be allowed to stay that way? On September 15th 2008, the investment bank Lehman Brothers filed for bankruptcy. It was, and still is, the biggest bankruptcy filing in U. S. We will write a custom essay sample on Too Big to Fail or any similar topic only for you Order Now history , with Lehman’s holding $691 billion in assets at the time. The event was the catalyst for the current financial crisis. By the end of trading that day, $700bn had been wiped off the global stock markets. The Dow Jones had plummeted 500 points, its biggest drop since the terrorist attacks of 9/11 . Despite rumours and knowledge that Lehman’s was struggling, with its share price dropping daily, the huge drop in the financial markets was due to the huge shock. No-one had been expecting this, as it was anticipated that the U. S. overnment would intervene and bail out the bank, as it had done previously for another investment bank Bear Stearns, and for the mortgage firms Freddie Mac (Federal Home Loan Mortgage Company) and Fannie Mae (Federal National Mortgage Association) earlier on in that month. Everybody had assumed that Lehman’s was simply too big to fail. The term â€Å"too big to fail† has become a phrase used to describe banks that are so interconnected, so large and so strategically important that if they were to fail the consequences could be catastrophic for the economies th ey inhabit . In November 2011, the Financial Stability Board released a list of 29 banks worldwide that it considered to be too big to fail, and gave its definition as â€Å"systematically important financial institutions are financial institutions whose distress or disorderly failure, because of their size, complexity and systemic interconnectedness, would cause significant disruption to the wider financial system and economic activity† . There is an intense debate as to whether banks should be allowed to be too big to fail or not. Those in favour consider the idea that those institutions that are too big to fail should be given special status by the governments and central banks. They also think the institutions should be the recipients of special protective policies that shield them from legislation that may harm them. On the other side, there are a lot of critics of the â€Å"too big to fail† train of thought. One of the main issues is the moral hazard problem that arises. If the banks know that the government will bail them out once they start to get into financial difficulties, then they will seek to profit from it. They will take higher and higher risks, and act more dangerously as they know they have a safety net to fall back upon. Opponents argue that if an institution is too big to fail then, instead of protective policies being gifted to it, much stricter regulations should instead be applied to prevent bankers from taking too many risks. Some go as far as to suggest that if the bank is too big to fail, then it is simply too big, and should be broken up. Proponents of this idea include Alan Greenspan, former Chairman of the Federal Reserve , and Mervyn King, the Governor of the Bank of England . Others suggest that no bank is too big to fail, and if it gets to the stage where a bailout is required then the bank should just be forced to go into liquidation. This topic is so interesting because of its massive impact upon the global economy at this current time. The sub-prime mortgage crisis, the collapse of many financial institutions and the massive levels of government bailouts have dominated the political agenda for the past four years or so, and are one of the causes of the recession we currently find ourselves in. Whilst rather outnumbered by the number of critics of too big to fail ideas, there are nevertheless a large number of people who consider that banks should be allowed to be and to become too big to fail. One area that they point to as a real asset is the sheer size of the bank itself. Being so large, they can conduct large financial operations using enormous sums of money. This allows them to provide more services, and to more people, than smaller banks. They can also lend in developing, growing countries, which often don’t have strong financial institutions of their own. Furthermore, their size and capital allows them to provide those services at cheaper rates than their smaller counterparts. The large banks can achieve much greater levels of economies of scale. Studies by Boyd and Heitz have shown that larger banks, (defined as having assets of over $50 billion), have higher scale economies than their smaller counterparts . The mean measure of scale economies in the banking industry is 1. 145, whilst the larger banks had a mean of 1. 25, implying that they were therefore 9. 2% more efficient than the rest of the industry. They hereby estimated that the larger banks’ economies of scale increased their contribution to national output by 9. 2%. These proponents argue that the social benefits derived from these economies of scale are beneficial enough to prevent the stricter reforms and changes being discussed by governments around the world from being implemented. One of the main arguments against banks becoming too big to fail is that a moral hazard problem occurs. Moral hazard is a basic economic concept, whereby one party entering a transaction will take more risky actions if they know they have insurance against the outcomes of those actions. At present, too big to fail banks have a variety of systems emplaced by the government, which protect them in the event that they run into financial difficulty. For example, in the U. S. the banks’ creditors get federal deposit insurance, which guarantees the deposits of bank creditors up to a certain amount in the event of bank failure , and this is just one of many. When the sub-prime mortgage struck in 2007 bankers and financial institution were undertaking very risky ventures and even fraudulent activity. You read "Too Big to Fail" in category "Essay examples" KPMG’s study, â€Å"Who is a Typical Fraudster? found that the most likely type of person to commit fraud was â€Å"A 36- to 45-year-old male in a senior management role in the finance unit or in a finance-related function† . One example, a loan was issued to a â€Å"sales executive† for Bay Area Sales and Marketing earning $8,700 per month for a $398k loan on a house which was worth no more tha n $277k, and the â€Å"executive† had been unemployed since 1989 and had no income. Another example was a loan application form filled in for an investor for GNG Investments in Santa Clara California turned out to be a janitor making $3,901 per month. She got a house worth at the time $600k. The lack of regulation made it very easy for financial institutions to play fast and loose with their investments and projects. Goldman Sachs, the investment bank, is currently fighting a fraud suit brought about by the U. S. Securities and Exchange Commission (SEC) . They are accused of creating and selling a mortgage investment that was secretly designed to fail. Lehman Brothers has been accused of accounting fraud, by removing debt off its balance sheet to make it appear less leveraged, despite a massive leverage ratio of at times up to 40:1. Ernst Young, Lehman’s auditors, have since been sued by the New York Attorney General Andrew Cuomo . British banks too have been accused of misreporting. Northern Rock’s former deputy chief executive and former managing credit director were fined by the Financial Services Authority (FSA) for deliberately misreporting its mortgage arrears figures . If properly reported, the bank’s arrears figures would have reached 50%. These banks could behave in such a way because of the attitude of the U. S. overnment and other governments around the world – they knew they would receive public funding if things went badly wrong for them. Opponents of too big to fail banks are split into three main camps, those who think the banks need tighter regulation, those who believe they should be broken up, and those who think the banks should simply be allowed to fail. The most common line of thought is for tighter regulation, and it is not just politicians and other senior peop le who voice that opinion, most of the world seems to have been voicing it recently. Due to their reckless spending and playing of the markets, it is argued that the banks’ social costs far outweigh their social benefits. The fallout from the collapse of too big to fail banks is far greater than the benefit they bring from their large economies of scale. In 2009 the International Monetary Fund (IMF) has estimated the total cost of the global financial crisis to be around ? 7. 1 trillion . Boyd and Heitz estimate the social cost is around 40% of 2007 real per-capita GDP, and that the costs are far larger than the benefits . Increased regulation of banks that are deemed too big to fail would prevent the reckless behaviour seen leading up to this current crisis. There are many different ways of increasing the regulation being discussed as possible options, and some are being implemented. This is despite the vast lobbying efforts levelled at Congress by the banking industry (during reform debates, banks spent an estimated $1. 4 million per day to influence Congress) . One is the required increase in the minimum level of capital that banks hold. When the crisis hit, many banks had very high leverage ratios, the average being in the high twenties, with Lehman’s hitting around 40:1 at times. In June last year, the Group of Governors and Heads of Supervision (GHOS), the oversight body for the Basel Committee on Banking Supervision (BCBS) introduced legislation requiring banks to have additional levels of capital from 1 – 2. 5% depending on the bank’s systematic importance . Tighter regulation on banks’ liquidity levels is another area proposed, as is more regulation on â€Å"shadow banking† activities. Shadow banking† refers to financial institutions that fall outside the definition of a bank, for example hedge funds and structure finance vehicles (SFVs). In the U. S. , the ‘Dodd-Frank Wall Street Reform and Consumer Protection Act’ was introduced in 2010. This has created a new independent financial watchdog, (The Consumer Financial Protection Bureau); prevents future bank bailouts; eliminates loopholes that encourage risky ventures; brings in an advanced warning system for systematic risk and generally reinforces bank regulation. It is hoped throughout the U. S. hat it is legislation such as this which will prevent future crises from occurring. A key proponent of increased regulation is the Nobel Laureate Paul Krugman, who believes that the economies of scale are worth keeping, and that all that is needed is tighter regulation of both the banking system, and the â€Å"shadow banking† system . He says it is easy for people to point the finger at the size of vast banks and use a â€Å"greed culture† as blame for the crisis. He argues that it is not necessarily the size of the bank that is important; it is the interconnectedness that matters . These thoughts backed by Chen Zhou of De Nederlandsche Bank and Erasmus University Rotterdam, who used experiments to show it is the systematic importance, rather than the size of the bank which mattered . Another method proposed by opponents of too big to fail banks to deal with the problems is to deliberately break them up. This refers in particular to investment banking groups with commercial arms. In the U. S. , where there is more focus on dealing with the problem through increased regulation and legislation. In the UK, however, the argument is less settled. Whilst there are some proponents for bank separation in the U. S. , such as Alan Greenspan, quoted as saying â€Å"If they’re too big to fail, they’re too big† they are fewer than in the UK. Mervyn King is one, saying â€Å"It is not sensible to allow large banks to combine high street retail banking with risky investment banking or funding strategies, and then provide an implicit state guarantee against failure† . He wants banks broken up so that the separate parts can be much more highly capitalised. Sir John Vickers’ Independent Commission on Banking has been under pressure from politicians such as Vince Cable to conclude that the best course of action is to break up the larger banks. There are a lot of opponents to this idea, however. The main issue is where you draw the dotted line. Most banks don’t split into two convenient easy sections, it is all very intertwined and the line between investment and retail can be very blurred indeed. As Damian Reece, the Head of Business for the Telegraph says, â€Å"the boundaries between retail and investment banking are extremely blurred, if not invisible† . A possible compromise may be to make banks separate the operations internally, and then regulate them in that state. Lord Turner, the Chairman of the FSA, has recommended such a course of action in the review he carried out of the banking crisis . The review notes, â€Å"It does not therefore seem practical to work on the assumption that we can or should achieve the complete institutional separation of ‘utility banks’ from ‘investment banks’ which the advocates of that model suggest†. The last option is the most extreme one, whereby supporters propose that if a bank runs into trouble it is simply allowed to go bankrupt. Alton Drew, an independent policy analyst, is quoted as saying, â€Å"We should allow big banks to fail because ‘market stability requires it’† . However, I disagree with this idea. The collapse of Lehman Brothers is, in my opinion, a good example of the dangers of letting a bank fail. Whilst many people think that Hank Paulson, the then U. S. Treasury Secretary, deliberately let Lehman’s collapse to send a message to the banking industry, he and others involved have stated that it was just untenable to bail out Lehman Brothers. Paulson said, â€Å"I never once considered that it was appropriate to put taxpayer money on the line in resolving Lehman Brothers† and Neil Kashkari, the then Assistant Treasury Secretary justifies this: â€Å"The law requires the fed to be secured so that they’re not taking much risk. And so in the case of Bear Stearns, they lent $30bn against a pool of mortgages. In the case of Lehman Brothers, the question is what asset could they lend against† . However, many believe that Lehman’s was too big and too interconnected to let fail, and that the fallout from this has been far worse had it just been bailed out. John Thain, former CEO of Merrill Lynch said, â€Å"I believe that allowing Lehman Brothers to go bankrupt was a tremendous mistake. The amount of money it would have take, $20bn, $30bn, compared to the destruction in value that followed the Lehman bankruptcy, and the complete shutdown of the credit markets, the billions and billions and billions of losses that were experienced in the markets subsequently† . In conclusion, it is my opinion that banks can be too big to be allowed to fail, as seen in the example of Lehman Brothers. As Mervyn King said, â€Å"I don’t think any of us easily anticipated the kind of financial crisis we saw after the collapse of Lehman Brothers† and think that with hindsight, the U. S. Treasury and Federal Reserve would think a lot harder if they could go back and make that decision again. I don’t think that it is necessarily a bad thing for banks to be too big to fail. The economies of scale, and the vast wealth and expertise generated by these banks can be very beneficial to an economy. If full and proper regulations and legislation are put into place, the moral hazard that arises from the knowledge of guaranteed bail outs will cease, and so the social negativities generated will be greatly diminished. If properly policed, the too big to fail banks can be a social benefit to the world, rather than the cause of the greatest worldwide recession since the Great Depression. How to cite Too Big to Fail, Essay examples

Imaginary Europes Phantoms of the Past

Question: Discuss about the Imaginary Europes For Phantoms of the Past? Answer: The Way the writer has begun At the very beginning, the writer, Tommi Avicolli, intended to narrate about a Sissy. The term Sissy actually means a person who has been regarded as a coward. Bekers et al. (2015, p.127) stated that the writer narrates the nature of a pupil, quite weakling in nature. The way the writer has selected and ordered what is told In order to describe the nature of a womanish or feeble boy, the narrator begins the narration in an intense accusing tone and the narrator has maintained this tone and order until the end. The attitude the writer has maintained in the topic The writer has maintained a tough attitude from the beginning to the end. The approach of the author towards the boy was not very much sympathetic. The voice the writer has used here The voice the writer has intended to use here is out an out poetic. Avicolli has used some of poetic terms here that have an in-depth understanding. Those words includes sissy, memoirs, faggot and so on. The way in which the writer brings in and connects to the writing of others The writer has rendered an accusing tone on a pupil who is quite shy and feeble in nature and likes to keep himself aloof from all kinds of mundane affairs. Helff (2015, p.13) stated that some of the contemporary writer has also dealt with this kind of subject matter. The way the writer ends memoir The writer has concluded the narration making a polite and sympathetic tone while consoling the boy. Gikandi (2011, p.45) stated that the tone of the author at the beginning and the voice of the end has been exposed contradictorily. Reference List: Bekers, E., Bowers, M. and Helff, S. 2015. Imaginary Europes, phantoms of the past, conceptions of the future, Journal of Postcolonial Writing, 51(2), pp.127-131. Helff, S. 2015. Fragile balance: Imaginary Europes, transcultural aesthetics and discourses of European identity in Pawel Pawlikowski, Journal of Postcolonial Writing, 51(2), pp.132-143. Gikandi, S. 2011. Chinua Achebe and the Post-colonial Esthetic: Writing, Identity, and National Formation, Studies in 20th 21st Century Literature, 15(1), pp.45-50.