Free

Freefall by Joseph Stiglitz Essay Freefall: Free markets and the sinking of the global economy by Joseph Stiglitz (2010) One page Summary Joseph Stiglitz is an American economist and a professor at Columbia University. Dr. Stiglitz is currently the Chair of Columbia University’s Committee on Global Thought. He received his PhD. from the Massachusetts Institute of Technology in 1967. Dr. Stiglitz served as the World Bank’s Senior Vice President for Development Economics and Chief Economist from 1997 to 1999. He was the Chairman of President Clinton’s Council of Economic Advisors before his tenure at World Bank. In 2001, he was awarded the Nobel Prize in Economics for his analysis of markets with asymmetric information and pioneered pivotal concepts such as adverse selection and moral hazard. He also founded a leading economics journal namely The Journal of Economic Perspectives. In 2011, Dr. Stiglitz was named as one of the 100 most influential people in the world in Time. Freefall is a book concentrated at the financial crisis of 2007-2009. It is also a book about a battle of ideas, essentially the ideas that led to failed policies that precipitated the crisis. Nobel laureate, Joseph Stiglitz uncovers the fundamental causes of the crisis and the flawed policies taken by the financial institutions as well as the Federal Reserve in a historical, political and comparative context. The financial system may have exacerbated the collapse but the crisis instead as he argued, originated in an overblown housing market, which pushed the creation of America’s addiction to consumption when it should be saving. He argues about the market imperfections and misaligned incentives that distorted the decisions made by everyone from mortgage originators to credit-rating agencies. He mentions about regulators making the mistaken judgment that markets worked well and no regulations were needed. Under this misjudgment, banks were able to transform risky subprime mortgages into AAA-rated products and encouraged the uninformed poor people to take out variable-rate mortgages which resulted people rushing to get what seemed like ‘free lunch’. Stiglitz then mentions the policies made by both the Bush and Obama administrations at that time. He sees the little change from the Republican, far-right days of Obama’s predecessor, George W. Bush. Despite Obama was elected on the promise of ‘hope’ and ‘change’ and was forced into the midst of the economic crisis from the first days in office, Stiglitz claims the restorative actions taken were done in a ‘muddle through’ way and describes how the Obama administration has shown a disturbing ongoing complacency towards bankers and continued to bail out ‘too big to fail’ banks that were prohibited by the Glass-Steagal Act in the earlier era. As a result, the government injected taxpayers’ money into the banks which allowed resumption of the culture of paying out outsized bonuses and taking high-risk transactions. He also criticized Obama refusing to formulate a vision by stating the entire electoral appeal was solely based on feel-good vagueness and argued that the lack of vision would put the ‘reform’ p rocess in halt which leave the country more fragile. He argues the state should have forced the banks to restructure financially at the height of the crisis, wiping out shareholders and instead handing out ownership to bondholders. Furthermore, he argues the need for a second round of stimulation plan beyond 2009’s $789 billion package as unemployment stood at around 10% and university graduates were lost in the harsh economic climate under the drastic cut in entry-level jobs. In the final chapters, Stiglitz emphasizes the need for regulations and argues the developed world must need a reformed financial system which performs core functions namely sound risk management and efficient payments mechanism. Whilst Stiglitz advocates for a forcible break-up of top banks together with statutory protection for the financial products such as derivatives, he argues that citizens, policymakers, government leaders and the private sector needs to rethink on how they value outputs in the economy so that it will narrow the inequalities in the society.

Managing Exam Stress Essays -- Coping With Exam Stress

Define stress: Stress is the body’s natural response to a threatening situation, and stress causes the release of hormones such as adrenaline, that prepare the body for its instinctual response to a threat: flight, fight or freeze. The adrenaline causes processes in your body to change, for example, your breathing and heart rate quicken, your senses sharpen, muscles tighten and your blood pressure is raised. These changes allow your reaction time to increase, which could mean the difference between life and death. However, many people, including students, live in stressful situations every day, and this has a negative effect of their health. Factors causing exam-related stress: One of the main causes of exam-related stress is the pressure on students to excel in the exams academically. Pressure can be placed on the student by family or friends, as well as by the student themselves. Pressure placed on the student by family members is often the result of parents wanting their children to achieve better results than they did, causing unnecessary stress on the student. Fear of disappointing family members also causes high levels of stress for the student. Certain expectations are held of students by their parents, such as being accepted into a certain high-school or tertiary institution. These expectations can be unrealistic and not be based on the student’s strengths and weaknesses. These expectations can also create pressure on the student to meet his parents’ expectations, which creates feelings of inadequacy when they can’t be met. Pressure is also placed on a student by himself. The student believes that in order to be a good student, they have to do well at school all the time. If the student wants to achieve a certa... ...and-depression-in-children/493_4525/causes-of-exam-stress-in-children.html ï  ¾ http://brainconnection.positscience.com/tests-stress-problems-for-students/ ï  ¾ http://www.kidshelp.com.au/grownups/news-research/hot-topics/exam-stress.php ï  ¾ http://developingchild.harvard.edu/topics/science_of_early_childhood/toxic_stress_response/ ï  ¾ http://www.themaneater.com/stories/2009/5/8/final-exams-causes-students-have-stress-bad-habits/ ï  ¾ http://education.jhu.edu/PD/newhorizons/strategies/topics/Keeping%20Fit%20for%20Learning/stress.html ï  ¾ http://www.15minutes4me.com/article/stress-how-does-stress-tension-affects-teenagers/ ï  ¾ http://www.guidetostressmanagement.com/effects-of-stress/effects-of-stress-on-teens.html ï  ¾ http://www.nhs.uk/Conditions/stress-anxiety-depression/Pages/Coping-with-exam-stress.aspx ï  ¾ http://www.bbc.co.uk/radio1/advice/factfile_az/exams_stress

Alternative Medicine and Unit Learning Outcome Essay

It is important to have a holistic approach to managing pain and discomfort by looking at the situation as a whole. Not just the physical side but also the mental, emotional, spiritual and social needs. Conventional medicine, alternative and complementary therapies can be used as options to relieve pain and other symptoms if desired. The care plan has been made with information which supports their lifestyle and culture. The purpose is to bring comfort, dignity and peace to the clients as well as support to their family members. 11. 2Describe different approaches to alleviate pain and minimise discomfort Answer Use drugs such as paracetamol, morphine, and ibuprofen. Use physical methods like hot water bottle, massage, cooling with ice, repositioning. Exercise methods such as walking around or taking other exercises, having a chat or doing something else to distract from pain. Alternative therapies such as aromatherapy, homeopathic medicine, reflexology, acupuncture, yoga – these therapies should be used only where care professional agrees with the beneficial effects. 11. 3Outline agreed ways of working that relate to man-aging pain and discomfort Answer Before using any of the methods to manage pain, the client needs to be assessed, as every kind of pain relief can be harmful, care plan and policies and procedures always have to be followed and necessary precautions have to be taken. 22. 1Describe how pain and discomfort may affect an individual’s wellbeing and communication Answer 22. 2Encourage an individual to express feelings of dis-comfort or pain Answer 22. 3Encourage an individual to use self-help methods of pain control Answer 22. 4Assist an individual to be positioned safely and com-fortably Answer 22. 5Carry out agreed measures to alleviate pain and discomfort Answer 33. 1Carry out required monitoring activities relating to management of an individual’s pain or discomfort Answer 33. 2Complete records in required ways Answer 33. 3Report findings and concerns as required Answer The above is an accurate record of the questioning. Learner signature:Date: Assessor signature:Date:

State and Federal Regulations for Nursing Homes for the...

Nursing home for the elderly State and federal regulations There were reports of rampant neglect as well as abuse of the people in the nursing homes across the USA, something that prompted the Congress to enact legislation to deal with this in 1987. The legislation was known as the Nursing Homes Reform Act which stated that each nursing home must provide services and activities to attain or maintain the highest practicable physical, mental, and psychosocial well-being of each resident in accordance with a written plan of care.(Motley Rice, 2013). The two rules that are evident in the nursing home under study here are regulation 42 CFR à ¸ ¢Ã  ¸â€¡483.40 which states that each nursing home must ensure that the resident has the right to choose activities, schedules, and health care. This is a choice that the old citizens in the nursing home are allowed to make and they choose ones that are most suitable to them with the aid of their family members. The other Federal rule is regulation 42 CFR à ¸ ¢Ã  ¸â€¡483.25 which states that each nursing home will ensure that the resident receives adequate supervision and assistive devices to prevent accidents. Almost each old person within the facility was observed to be having some kind of walking aid that fits their condition as well as several social workers interacting with them regularly and seen walking up and down just to ensure that the dwellers are fine. In California, there are several laws that are specifically meant to regulate theShow MoreRelatedArgumentative Essay Nursing Homes1356 Words   |  6 Pages Nursing Homes Just the mere mention of â€Å"nursing home† causes most people to shudder and think, â€Å"I would never put my relative in such a ghastly place.† There are a great deal of horror stories that stem from nursing homes, most along the lines of , â€Å" My mother was neglected after I put her in a nursing home. I would go to visit her and she would be lying in urine and have a new bruise, different than the one that was there last time.† There seems to be this popular perception that nursing homesRead MoreEssay about Nursing Home Abuse1092 Words   |  5 PagesNursing Home Abuse With over 1.5 million elderly and dependent adults now living in nursing homes throughout the country, abuse and neglect has become a widespread problem. Even though some nursing homes provide good care, many are subjecting helpless residents to needless suffering and death. Most residents in nursing homes are dependent on the staff for most or all their needs such as food, water, medicine, toileting, grooming- almost all their daily care. Unfortunately, many residents inRead MoreNursing Homes And The Extended Health Care For Senior Citizens1783 Words   |  8 Pages America’s nursing homes and the extended health care for senior citizens is a multi-billion dollar a year industry. Nursing homes offer a variety of services and different needs living arrangements. Arrangements from assisted living to a full needs, skilled nursing person for 24 hour a day care. The need for more facilities has grown and the more alluring the industry becomes business enterprises have eagerly engaged to make a profit. Somewhat lost in this transition of business was the actualRead MoreThe Independence At Home Act1483 Words   |  6 Pages The 2012 Independence at Home Act, written to improve chronic care coordination, continues with similar exclusionary zoning practices that may extend to residential based home care health services. Even with these protective legislative acts, the needs of the community do not always translate into universal support for nursing homes in residential areas. 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A large number of elderly individuals will require assistance in their own home from competent caregivers with the appropriate home health aide training. Many infirm or elderly clients will need round-the-clock assistance from multiple caregivers with excellent communications skills. If you are interested in this lucrative career option, then understandi ngRead MoreSafe Staffing Ratios Within The Hospital Settings1619 Words   |  7 PagesSo many conversations are being held regarding safe staffing ratios in the hospital settings. Even state and federal regulations are being suggested. The change is occurring and for the better. However, we are still overlooking one of the most vital components to our older population. And the needs placed on their quality of care received. Imagine with me, your own mother whom cannot provide for herself; and your father whom has passed away a few years prior. You are stressed and so tied up atRead MoreElder Abuse : An Ethical Dilemma1280 Words   |  6 Pagestheir professional lives. The different types of dilemmas include, but are not limited to, ethical, moral, and legal dilemmas. These are the three most common dilemmas in nursing. A dilemma can be defined in many different ways. But all dilemmas are situations in which you have to make a difficult choice. Chiaranai (2011) states that an â€Å"ethical dilemma is a circumstance that arises from fundamental conflicts between ethical beliefs, duties, principles and theories† (p. 250). Therefore, an ethicalRead MoreA Brief Note On Nursing And Rehabilitation Center Essay1391 Words   |  6 Pagesanother service in the healthcare industry, which is nursing and rehabilitation. The agency that will be evaluated in the paper is Milford Manor Nursing and Rehabilita tion Center. Specifically, the organization provides a broad range of services and specialized programs for the geriatric population. The administration of the Center places emphasis on the creation of a second home for the residents and the family. The traditional concept of nursing homes is something that is currently metamorphosing andRead MoreIs Elder Abuse Common For Aging Adults?2679 Words   |  11 Pages Imagine one day visiting a loved one in the nursing home only to find bruises and scabs covering the skin. You ask what caused these scars and he refuses to answer. You plan to stay a couple of hours to observe the staff and find out that your loved one begins to act defensive around a few of the nursing home employees. Yet he refuses to confess the cause of his scars. Some people may think this behavior is common for aging adults. Although instances like these should not occur, situations