How Did The World Changed Throughout The First Millennium...

Introduction A set out on a longest journey for a Chinese Buddhist named Xuanzang and did the journey. He traveled by land, west on the silk Road across the Central Asia before turning south to india. His goal was to spread the Buddhist learning and forming India and China closer ties. He traveled through dangerous ways, like Gobi Desert and Tian Shan Mountains that he nearly die of thirst. In India, Xuanzang studied with Buddhist monks and visited sacred buddhist sites. At the time, China was gaining strength under the Tang dynasty. Just two years later King Harsha died Xuanzang returned and the kingdom fell apart and divided for centuries. The world changed in many ways because kingdoms and empires rose and fell. In this lesson, you will read about how they expand and developed. Early in the first millennium C.E., a series of crises shook the classical civilization on China, Rome, and India. They had dominated their separate worlds and produced great cultural achievements. The first to fail was the Han Empire. It was a time of peace and increased prosperity. However the Han dynasty fell because of a cause of that collapse were complex and went back many years. Han rule had been interrupted by the overthrow of smallpox- brought to china along the Silk Road from other parts of the world-sparked epidemics that ravage the population. China had weakened the Han dynasty. The bandits moved around the land. The last Han emperor gave up on the throne then China brokenShow MoreRelatedAnalysis Of The Perils Of Indifference784 Words   |  4 Pageshighlighting his experience in the holocaust as well as the multitude of tragedies that had occurred that century and how indifference can be handled; he states â€Å"Society was composed of three simple categories: the kil ler, the victim, and the bystander.†(par 14) which shows how his experience and society today is categorized. 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However, this brilliant civilization died leaving its very existence as a mystery. Today, fascinated

Accounting Developments in Poland - 6780 Words

Introduction of Poland Poland officially known as Republic of Poland (Rzeczpospolita Polska) is a country in Central Europe. Poland is bordered by Germany to the west; the Czech Republic and Slovakia to the south; Ukraine, Belarus and Lithuania to the east; and the Baltic Sea and Kaliningrad Oblast, a Russian exclave, to the north. The total area of Poland is 312,679 square kilometers (120,726 sq mi), making it the 69th largest country in the world and 9th in Europe. Poland has a population of over 38 million people, which makes it the 33rd most populous country in the world. (WBO, 2010) Historical Background A national accounting chart for Poland did not exist before the 1930s although an accountants’ Association was already†¦show more content†¦In the year 1956, the socialist-communist ruling in Poland was lessened and it has created certain level of autonomy for state-owned enterprises and enabled the management and other personnel to participate in profit distribution. Consequently, Institute of Audit Experts was established in 1957. The appointed State Authorised Accountants (SAA) was to serve the purpose to verify the accounts of state owned enterprises with a view to ascertain appropriation of profits and also the achievement of the centrally planned targets. Three years later the longest UPA in operation (1960 -1975) was implemented based upon the previous Uniform Plans of Accounts, Branch Accounting Plans and Enterprise Accounting Plans 15. This change has allowed firms to devise accounting systems to meet their individual needs. The last Uniform Plan of Accounts was enacted in the year 1976. This gives strong grounds to believe that the accounting body, in a system based on rigid law regulations was still capable of developing a broader perspective, professional view and ability to use professional judgment. It is visible that under socialist ruling management accounting was the main area of growth since ‘nominal profitability’ and improvement of internal ‘efficiency’ were the main objectives of the practitioners. No specific or detailed rules were provided for cultural and historical events and the nature of codified law affect IFRS adoption, acceptanceShow MoreRelatedAccounting Developments in Poland6790 Words   |  28 PagesIntroduction of Poland Poland officially known as Republic of Poland (Rzeczpospolita Polska) is a country in Central Europe. Poland is bordered by Germany to the west; the Czech Republic and Slovakia to the south; Ukraine, Belarus and Lithuania to the east; and the Baltic Sea and Kaliningrad Oblast, a Russian exclave, to the north. The total area of Poland is 312,679 square kilometers (120,726 sq mi), making it the 69th largest country in the world and 9th in Europe. Poland has a population of overRead MoreNational Differences Of Political Economy : Poland Vs Egypt1627 Words   |  7 PagesINTL500 Case Study Mynthek Yeo July, 19th 2015 National Differences in Political Economy: Poland Vs Egypt Introduction The study and the use of economic theory and how the methods influenced political ideology. Political economy is the interaction between economics, law and politics, and how institutions develop in different social and economic systems such as capitalism, socialism and communism. Political Economy Analysis of how public policy is created and implemented. Because different individualsRead MoreThe Four Key Trade Policy Of The European Union Legislation887 Words   |  4 PagesWhen Poland joined the European Union legislation, it has led to wide-ranging reforms in economic regulation and has decreased government intervention in the private sector. 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Symbolism In Patterns By Amy Lowell Essay free essay sample

, Research Paper Symbolism in Patterns by Amy Lowell Interrupting the Patterned Mold When one hears the words, I sink on a place in the shadiness, they will most likely signifier a ocular image in their caput, such as a individual sitting under a tree. Amy Lowell, an imagist, uses crisp images, precise diction, and nonliteral address as a agency of poetic look to elicit the senses of the reader. In Patterns, Amy Lowell explores the hopeful autonomy of adult females in the early twentieth century through a cardinal subject. A adult female s dream of get awaying the boundaries that society has placed on her dissipates when she learns of her lover s prematurely decease. Of the many images in this verse form, the changeless gestures of the flowers and waterdrops, the frock the adult female is have oning, and her reverie of her lover are most important in developing this subject of freedom. In the beginning of the verse form, every bit good as throughout the work, the talker describes Narcissus pseudonarcissuss and other types of flowers traveling freely in the air current. Using imagination to appeal to the reader s sense of sight, these flowers are given gesture, and they are described as, blowing, ( 3 ) and Flutter [ ing ] in the zephyr, ( 23 ) . This creates a sense of freedom and flexibleness. The adult female in the verse form, presumptively Amy, wishes to be like the traveling flowers, carefree and jaunty. In the 2nd stanza of the verse form, the adult female begins to depict the H2O in the marble fountain. The, plashing of waterdrops, ( 28 ) and, plopping of the waterdrops, ( 54 ) describe liquid in gesture. The fact that she notices such small inside informations in a fountain shows how captive the adult female is on being free and able to travel approximately as she pleases. The unconstrained motion of the flowers and the H2O manifest a manner of life that the adult female would wish to populate. What is maintaining her from the release that she longs for? The images in the verse form name the binding frock as the perpetrator, but upon reading deeper into the marks of the imagination, one will happen that there is a more complicated ground for her wretchedness. The stiff, brocaded gown ( 5 ) is mentioned many times throughout the verse form. Of class, back in that clip, the adult female was non merely in a stiff, uncomfortable frock in the heat of summer, but she was besides most likely have oning a girdle. The Random House Webster s College Dictionary gives the definition of brocaded as, a fabric woven with an elaborate raised design, frequently utilizing gold or Ag yarn. This stiff, incarcerating piece of vesture symbolizes the boundaries that society has placed on adult females during their clip. They had to move decently, look nice, and uphold all criterions particularly if they were to be courted and married to a respectable adult male. The description of the train on the adult female s frock besides has specific imagination. The adult female negotiations about how, the train/ Makes a pink and splinter stain/ On the crushed rock, ( ) The first image a individual gets in their caput is one of a tr ain on a frock dragging across the crushed rock and go forthing behind colourss of pink and Ag. This metaphor, nevertheless, has some underlying significance, and symbolizes the preparation that she received to move decently as a lady. This preparation leaves behind a blemish, or discoloration, of high order ( pink ) and fluency ( Ag ) that she simply knows how to continue, and does non desire to be a portion of her true ego. She feels that larning the manner the public wants her to move and look has someway hindered her true being. Although it was agonizing for the adult female to remain within all of society s criterions, she complied merely because she knew that her lover held the key to the lock on her release. In get marrieding him, she felt as though she would be set free to do her ain determinations. The adult female thought that he would let her to take him down the many waies in their lives. Next, the adult female negotiations about how it will be when her lover returns to her. She would, run along the paths/ And he would falter after, ( 43-44 ) and besides, choose/ To take him in a labyrinth along the patterned waies, ( 47-48 ) . These lines show how the presence of her lover allows her to take him, thereby interrupting free from the boundaries held on her. She is besides running through a labyrinth, non walking along the waies. This shows that she is no longer making what others have done and have told her to make, but she is making her ain way and exposing free will. This imagination is used to demo that in her hereafter with this adult male, she will non hold to populate her life the manner others have patterned it out for her. Through his love for her, she will be allowed to interrupt the cast and be her ain individual. Unfortunately, her lover dies at war and she is back to where she began, have oning a stiff frock, following the waies already made, and waiting for another adult male to come along to deliver her from this prison cell. I wonder what became of this adult female in the verse form. I hope that she eventually found another love to deliver her from the confines of tradition. I am genuinely thankful that I live in a universe today where adult females aren T every bit oppressed as they were back in the 1800s- early 1900s. It must hold been detering to cognize that a adult female s felicity and freedom in life depends on what a adult male will let you to hold, and it truly took a strong adult female to get the better of the unfairness shown to them. From Amy Lowell s poesy, I can state that she had a passion to alter adult females s lives. The manner she describes the free motion of flowers blowing in the air current and contrasting it with an image of a stiff, brocaded gown truly helps you to understand how she is experiencing. Unfortunately, she had to go on with her patterned manner of life for longer than she hoped. I, on the other manus, am free to take my ain way, or do up a new one. I likely would n on be the individual that I am today had it non been for the rise in adult females s rights. I am lucky to be a adult female of the 90s and non the early 1900s!

Locards principle free essay sample

Locard’s principle, the basic principle of forensic science, was formulated by Dr. Edmond Locard. Dr. Edmond Locard believes and states â€Å"Every contact leaves a trace†, meaning whatever is touched, left behind or approached will serve as factual evidence against a person and only can that evidence be failed is by the lack of human effort by failing to study and understand it. The Locard’s exchange principle believes no matter what a criminal does or where a criminal goes, simply by coming in contact with anything, a criminal is capable of leaving many different sorts of criminal evidence for investigators to gather and collect. Having said this, different sorts of evidence can include, fingerprints, footprints, DNA, hair, bodily fluids, skin cells, blood, clothing, fibers, etc. Though many different types of evidence can be investigated and found at a crime scene, it is extremely common that when a criminal leaves the location in where a crime has been committed, that criminal will most likely take away something such as evidence from the scene with them. We will write a custom essay sample on Locards principle or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Trace evidence is clear and factual physical evidence, which most importantly, cannot lie, be forgotten and be cannot be wrong. As Paul L. Kirk expressed and explains Locard’s exchange principle, Paul L. Kirk states â€Å"Trace evidence (physical materials) is a silent witness that speaks when humans cannot†. An example of Locard’s exchange principle can be viewed as the following, a person enters another person’s home and strangles that person to death. The person who strangled and committed this crime has now most likely left footprints and other evidence at the scene of the crime. When police, detectives, investigators, etc†¦ have located and found that suspect involved this this crime, you find the victims skin cells under the suspects fingernails, the case has now been solved because that criminal has taken away evidence from the scene with them. The importance of this principle from the perspective of a criminal investigator at different scenes of crimes is because when criminal activity or a crime has been committed, the importance and main goal of a criminal investigator is to document and collect evidence from and at the crime scene and also anyone or anything that has interfered or come in contact with the crime scene. It is important that a criminal investigator recognizes every possible aspect done or leading up to the event because it is mandatory that criminal investigators have the skill and ability to solve and put together all collections of evidence in order to create and conclude an image of what could have possibly happened. It is extremely important that procedures are done correctly and professionally because evidence collected serves to prove or disprove something, meaning, evidence can determine ones innocents or guilt. Without evidence, there is no proof.

Jane Eyre’ by Charlotte Bronte and ‘Rebecca’ by Daphne Du Maurier Essays

Jane Eyre’ by Charlotte Bronte and ‘Rebecca’ by Daphne Du Maurier Essays Jane Eyre’ by Charlotte Bronte and ‘Rebecca’ by Daphne Du Maurier Paper Jane Eyre’ by Charlotte Bronte and ‘Rebecca’ by Daphne Du Maurier Paper Essay Topic: Jane Eyre Literature Rebecca The two books I am studying are Jane Eyre by Charlotte Bronte and Rebecca by Daphne Du Maurier. I will be comparing and contrasting the way Daphne Du Maurier and Charlotte Bronte both create a sense of tension and mystery in Rebecca chapter 7, and Jane Eyre chapter 20. They were written in different times, Jane Eyre in the 1840s of the 19th century and Rebecca in the 1930s of the 20th century. Both books draw many similarities and a story line focusing on one central character throughout, the young female heroine who is unsupported by family or wealth and hold no social position. They are in search of identity and encounter many difficulties as both their characters develop. In Jane Eyre, she becomes a much stronger person towards the end of the book, whereas in Rebecca, the bride seems to lose her identity completely and is continuously haunted by another. They both contain great romantic, but mystic genres, and Jane Eyre in particular an unusual gothic theme. Rebecca focuses on the story of a young shy female who has been taken in by a woman as her companion. She is used to the idea of not having any power or position important to those around her, a role that is submissive and humble. As the book progresses, the romantic theme of the novel arises with an arrival of a widowed man Maxim De Winter, the owner of Manderley. Their relationship begins to develop, and they are soon to be married. After the marriage the unnamed bride is taken to Manderley where Maxim had spent his days with Rebecca, his previous wife. The new bride is expected to fill the role of a strong minded and charming woman that Rebecca was, intelligent and popular. However she found this difficult especially with the reaction of those around her, in particular Mrs Danvers. Tension is dawning and Rebeccas influence became mysterious and haunting for those in the mansion. Slowly driving her into a neurotic, nervous state, her search for identity seems to be a failure and the thoughts and shadow of Rebecca still remains. Jane Eyre has quite a different story, but also shares the same status as an orphaned child with no real family or support. She is brought up in the cold charity of her aunt and cousins, who reject her and excludes her from the family. She then decides to go to boarding school where she can get away from her aunt, but there is an unfortunate epidemic that occurs in the school, and causes the death of her only friend. She stays on at the school and becomes a teacher, but later she decides that she wants to leave and proceeds to make an escape and becomes a governess in Thornfield hall for Mr Rochester. Gradually, a relationship develops between them, and she falls into a love affair that is filled with secrets and mystery from Mr Rochester, as in Rebecca with Maxim De Winter. When Jane is living there as Mr Rochesters humble servant, she hears a continual scream that comes from the attic of the house, and becomes curious about the noises. Finally she discovers his secret and she leaves Thornfield Hall, but soon returns to wed Mr Rochester after a disastrous incident that occurs at the hall. There are many themes that are used in both novels, and other themes appear which are effective for each novel in its own. Both contain gothic themes and supernatural elements that develop throughout the book, which adds to the mystery and sense of tension that arises leading up to the two chapters I am studying. This gothic theme produces images that are dark or hidden and effectively draws your attention to the mystery. Rebecca In Rebecca the setting of the novel is first based in Monte-Carlo a vibrant and lively place, and there is a dramatic contrast that is formed from when she had spent her days there with her companion and the time when she reaches Manderley in chapter 7 of the book. From the time where they are driving towards Manderley, Maxim is being suspiciously positive about his return with his new bride and does not seem to be nervous about what to be expecting and how she will cope. She however dreaded the thought at arriving in Manderley, but did not consult him about this. She had thoughts about being unsuitably dressed and was nervous about going to Manderley. Maxim made the place sound so wonderfully amazing and beautiful, but the description the azaleas would be prodigal of scent, and the blood red rhododendrons in bloom and the use of blood red rather than another word starts to create an image that is not so bright and possibly menacing. When he locates Manderley to be in the valley with the scrap of sea beyond, the sea has a strange effect as it seems as though it is never ending, dangerous part of Manderley, as well as it being in the woods a dark and idle area. The way she gripped the seat as they pulled up on the drive and the use of words is effective in gradually building up tension. The two high iron gates creates an image of those you see in a horror film, with the tall gates leading to a large abandoned house, the gates daunting and overpowering you. Another example of this is when there are a great colonnade of trees that made an archway for them above their heads, and there would only be little flickering patches of light that would come through the thickness of the leaves. Her heart was beating quickly and she shrank back in her seat as the children stared at her through the dark windows of the lodge, she is afraid and she had felt tension from the moment they arrived at Manderley. When they had reached the building, the gates shut with a crash behind them and the dusty high road was out of sight. This suggests feelings of entrapment, and the how the road is not to be seen, as if there is no other place to escape now that the gates shut upon them. Manderley was very silent and very still and there was no wind. The sudden stillness of the place as they reach Manderley seems a bit superstitious and fallacious in its atmosphere. The phrase blood red which is used to describe these rhododendrons is repeated many times after this and it is now described as a wall of colour, reaching far above their heads. This wall also gives an idea of being trapped, and a sense that something is overpowering in blood red that is bewildering and even shocking. They were monsters as she described them. All the way towards Manderley, she feels that everything is large and overpowering, possibly making her feel claustrophobic and small. Daphne Du Maurier is very precise in her description and extremely vivid using similes and metaphors to create these images. She writes very precisely with a lot of detail, using words and phrases which evoke the sense of mystery, creating tension. The first time that Mrs Danvers is mentioned, Mrs Danvers orders her name is used with authority. Mrs De Winters first encounter with Mrs Danvers is the point in which you began to feel as scared as her by Mrs Danvers and her striking and hostile character. Her appearance, dark as she advanced from the sea of faces, someone tall and gaunt, dressed in deep black. She had hollow eyes and her face is parchment white, set on a skeletons frame. This is a very detailed description of Mrs Danvers and has a prominent effect on the reader, as she comes across as a very strong and almost sinister character. The way she is described is unpleasant and creates an image of a cold and evil woman, almost resembling a witch like figure. She is deathly cold and she creates a sense of tension towards Mrs De Winter when she first meets her. She forms a sense of discomfort when she is present, and the descriptions of her hollow eyes another repeated phrase, adds to the mystery of this strange character. The author tends to repeat phrases, possibly to place emphasis on these descriptions and they are usually quite dark, for example repeating the words cold and lifeless when referring to Mrs Danvers. More phrases that are used to describe her character that also emphasise her darkness, and mystery, dark and sombre, dull and toneless and harsh. The reader is continually being reminded of these points that focus on the darkness and gothic themes of the novel, this all adds to the mystery of this chapter in particular, where there are many descriptions similar to these. The new bride did not want to go alone, with Mrs Danvers and you sense that she fears her. There is tension arising in the atmosphere due to this continual reference of being alone with her and not knowing where she is being taken. At this point we are made to feel sorry for Mrs De Winter and we also fear for her. Mrs Danvers knows that the new bride is shy and uncomfortable with her, but she persists in making her feel uneasy and insecure. When she tells her that this wing is never used, she makes it seem as though there is a reason why, but doesnt tell her this making her feel uneasy about why she has been put in a room that is often unused. When she asks her about getting a maid, its usual, you know, for ladies in your position to have a personal maid she seems patronising and makes the shy new bride feel insecure as she is expected to be more powerful and not afraid of Mrs Danvers. However when she is talking to Mrs De Winter she is being quite polite and respectful towards her, which contrasts the image that she feels towards Mrs Danvers. This is another aspect that makes their relationship strange as you feel that Mrs Danvers is putting on a facade, when she speaks to her. She is this shadow that watches her, which is also the same word used to describe Rebecca later in the book. She was a character set aside from the rest, and adds a strong sense of mystery and tension later in the book aswell as making such a powerful impact from the moment she in introduced in this chapter. The atmosphere throughout this chapter is usually silent or still, and when she uses these words it emphasises the tension, as though you are building up to an expected climax that is loud and menacing. The room that she is led into when she reaches Manderley has an old and quiet smell and she never describes the house or the rooms to be vibrant, fresh or beautiful. There was always an uncertainty about everything in Manderley. The rooms and the walls were dark or heavy and she compared the room to a silent church where services were seldom held, somewhere that is abandoned or uncared for, where rusty lichens grow and ivy tendrils creep. Already, Manderley is given this deep and mysterious image and atmosphere. Whereas visitors of this mansion conceive it to be beautiful and are amazed by the grandness of Manderley, this draws up a heavy contrast between the way she feels being at Manderley and how it looks to others. The residents of the household are quiet and mysterious, including her husband who did not give clear answers or thoughts and there is always an awkward communication between them, which seemed impersonal and unaffectionate. There is a sense of something that is being hidden, something unspoken. He casually sits in the comfort of his own home, and he did not look at her. There is a difference in their characters, while Maxim was to be described as contented and comfortable, while his new wife is becoming more and more paranoid and insecure about being at Manderley. Rebecca is a constant reminder of her being unwelcome at Manderley, especially by Mrs Danvers and is always being shadowed by her. The pace of the novel speeds up towards the end of chapter 7 when her thoughts are quick and random, she cant seem to control her feelings towards Rebecca and you begin to see her insecurity. She is sitting in Rebeccas chair, leaning against Rebeccas cushion and by now Rebecca had had quite a quick affect on her. We do not know much about Rebecca at all as she remains unspoken by the rest of the household, and no one speaks of her death. There is a strong sense of tension and mystery that evolves around Rebeccas character in the book. Rebecca and Mrs Danvers has made such a strange impact on her, and yet the other members do not see that there is an issue, causing you to think that there must be a deeper meaning to explain this strange behaviour and to explain the way the new Mrs De Winter is feeling. The author concentrates on these two characters and in her writing, uses repeated words and phrases as a constant referral to them. Daphne Du Maurier has managed to create a sinister and mysterious feeling around them and made Mrs De Winter feel insecure and vulnerable, to emphasise their power over her, but does not disclose as much information about their roles in the household and character so that they remain a mystery. Jane Eyre In Jane Eyre, the novel is set in many different places, but mainly in Thornfield Hall which is where she resides in chapter 20. The atmosphere here is quite different from that in Rebecca, as she had been in Thornfield Hall for a long time now, and it was not a matter of coming somewhere new and the uncomforting process of it. The story line in this chapter is focused on the strange events that occur in the house and what Janes feelings are when the situation is confronted. The setting at the beginning of the chapter is during the night and the moon, which was full and bright shone through her window. It was awakening in the dead of the night. This is very visual description and has a particular gothic quality, when she describes it to be silver white and crystal clear in the darkness that is very ghostly, and it was too solemn. The atmosphere from the start is calm and quiet, causing a strange feeling. After the first paragraph, the pace of the chapter seems to suddenly speed up with Good God, what a cry! and this disrupts the stillness instantly. The tension begins to develop from this point. The cry is described to be sharp, a shrilly sound that ran end to end of Thornfield Hall, this suggests something that is loud and menacing. There is a description about Janes feelings as her pulse stopped, her heart stood still, she is paralysed. There are concentrated thoughts here that are quick and sudden. There are the uses of short and sharp sentences that speed up the pace. She continually mentions the cry and describes it as a fearful shriek something that was unpleasant. The origin of the scream is still unknown and it remains unspoken throughout the chapter. This adds to the tension and mystery of not knowing what this thing is. The cries of Help! Help! Help! such suggests that there is panic and there are many exclamation marks used in the beginning. This is the first example of triptych used when the words help are being repeated three times. There are a lot of quick and short exchanges between the people talking, but we still do not know what is happening and there is continual tension building because of this. Someone ran, another step stamped on the floor this shows that we dont know who is running around and who may be involved in what is going on and following on from this is What is it? Who is hurt? What has happened? there are a lot of use of questions and there is uncertainty in the household. The tension is building up as well as the mystery of the unknown. Bronte has tried to release tension in the narrative sense aswell as in the speech. Another reference is made to the moon as she describes the atmosphere to be dark and still, while there is a contrast with the loud voices outside and the screaming. When the question is repeated about what is going on, Colonel Dent replies with its a mere rehearsal of much ado about nothing and is mocking the event so that it distracts you from the mystery surrounding, even though this evokes it further. Later he adds a servant has had the nightmare; that is all which seems curious and causes more questions to be asked. It seems as though he is trying to conceal the truth by saying something so casual as a desperate excuse. He also tries to dissipate the tension by restoring conventionality with gentleman, have the goodness to set the ladies the example. It is very mysterious once it reaches this point and there is a lot of confusion in what is going on. There has been no certain reply to the questions being asked and we are unsure of what has happened. The pace here is very fast and we almost lose our sense of surrounding, the tension in Jane Eyre is built up very quickly from the start rather than gradually. Everything occurs abruptly and we are left with mystery. In Rebecca the tension is slow, but there is less mystery in the chapter. After these series of events, there is more description about the atmosphere now, where no stillness returned and everything had now been disrupted. However, there were still silent grounds and silvered fields and the moon declined. Here Bronte continues using these gothic qualities to create a sense of mystery. Thornfield Hall was again as hushed as a desert it seemed strange that there is this sudden stillness which contrasts the screaming and hysteria previously. There is anticipation as Jane realises that some event must follow the strange cry, struggle and call. This is another example of triptych, and she uses this to emphasise the strange sound heard before. She repeats the words darkness many times throughout the chapter and this is the same technique that Daphne Du Maurier used in Rebecca, repeated phrases and words. The paragraph is calm and mysterious, but soon after there are another series of short exchanges between Jane and Mr Rochester. After a quiet atmosphere has been achieved, Bronte suddenly changes and there is panic and tension again with lots of questions and short sentences. The pace speeds up again and more questions are asked. There is a continuous pattern throughout the chapter where it is quiet in the atmosphere and is reflected to all the events elsewhere. The mystery of everything that is going on, is also being mirrored by the strange night and ghostly images that have been created in the grounds, pathetic fallacy is used. This technique is used to emphasise what is happening in the novel, adding extra effects with the atmosphere. When she comes to help Mr Mason, she describes him to be a a pale, bloody spectacle before her, and she is uncomfortable with the fact that she has to dip here hand again and again in the basin of blood and water. Lots of references to blood, suggesting an attack or horrific accident has been made on Mr Mason and we are still unknown to what it is. This holds the mystery in the chapter creating the tension. Conclusion Both books use various techniques to provoke images and feelings of tension and mystery. Similar techniques that are used in both books are questions and repetition to emphasise the choice of words used which are usually dark or still. They both use a similar choice of words and describe the setting in an overpowering and dangerous way. However Jane Eyre has a gothic theme to it, which the blood, the dark, the strange noises that come from the attic, threatening presence of this creature, which all combine together to create this mystery. The tension in the books are evoked by the mystery, as it continues, more tension about what is going to happen arises. The pace of the chapters in each are not constant, in Rebecca it is the same from the beginning and reaches a climax at the end. In Jane Eyre it is very still and then suddenly the pace speeds up dramatically before slowing down again. There is a constant switching between what is going on, and then back to the description of the surrounding grounds and here feelings in contrast to the confusion. This effectively adds to the mystery, as we are not certain what is going on. I found that in Jane Eyre and Rebecca, they do successfully create both mystery and tension all throughout the book and I have found many ways in which they have done this. However I feel that Daphne Du Maurier created a better sense of this mystery and tension rather than in Jane Eyre which I thought seemed to be more of a drama or horror. In Rebecca there are constant references to certain characters and things are said which are unknown to the reader at the end of the chapter, but in Jane Eyre you are able to work out what is happening even though not a lot has been explained.

How Planning Your Blog Content Can Help You Get More Done

How Planning Your Blog Content Can Help You Get More Done I dont like planning out my blog content, she said. My friend and I were talking about editorial calendars and I, of course, was singing the praises of them. Id been using to plan my own blogs content and seeing great results. Why? I asked. I think content is better when it is spontaneous. More fresh, she said. When its planned out, its boring and dry. And I never end up actually writing the stuff on my calendar, which makes me feel bad. The Case For Doing More Blog Planning Before You Write via @JulieNeidlingerI could relate. Sort of. Most of my blogging existence has been one of writing at random. On a whim. When I felt like it. When the inspiration was flowing.  And it was also super sporadic, once every two weeks, and then three posts in one night. But I still felt that I needed to defend the idea of planning blog content ahead of time, before it was written, to my adamant friend. So is planning your blog content the answer to great content or its nemesis? If to plan or not to plan was a concept that was on trial, lets see how it would all pan out. The Case For Planning Your Blog Content In the case of to plan or not to plan, we have six witnesses for blog planning  defense: Inspiration can be used better. Systems have a chance to work. The rule of thirds means excellence. Rants and regrets dont exist. Research is better. Ideas are better fleshed-out. Strategy needs planned content to work. 1. Use your inspiration better. When that amazing inspiration hits, thats when you can get some serious blog planning done. The thing is, inspiration isnt always a regular friend. It often hits at inconvenient times and places (in the shower, or 2 a.m., or driving down the highway). Its wonderful when you get in the zone and the words fall out of your head into magical order, but most of the time, writing is an exercise that you practice to get better. Look at it pragmatically- you could use that wave of creative goodwill on just one post, or you could use it to brainstorm and write quick notes and ideas down for many posts. When your inspiration hits, you could write one blog post. Or use it to plan a dozen.When inspiration hits, brainstorm: Headlines Post ideas Content themes Series Ebook titles Email autoresponder courses As a writer often crunched for time and distracted from getting things done, Id rather get a lot of ideas lined up than just one post published. 2. A  chance to put a great  system to work for you. Writing systems are not magic bullets.  You can become so obsessed with finding the perfect system that you get nothing done and end up with no system at all. So no, a blog planning system isnt magic. But it is a way to shift into gear, get some momentum, and let the words flow easier. Systems are exactly like priming the pump. A system to plan your blog content isnt magic. But it can help you get more done.When you plan your blog content, you dont have to be afraid of not knowing what to say. Your system will help you. And, youll have time to properly use your system to achieve good final results because you planned and arent working in a rush. Here are two examples of writing systems that work great when youre planning ahead: The snowflake method for planning your blog content. This is a system novelists sometimes use. The idea is that you start small and build structure. The goal is to avoid major rewrites because you do the foundational work in such a way that the final structure falls into place. The snowflake method has writers start with a one-sentence summary of their book, then a paragraph to describe the plot. Then the characters are developed in a similar way, and so on down the line. While your planned content might not be a novel, a system that gets you to summarize and build from that summary to create a blog post could easily work. This type of system, where you start small and at the top of the pyramid, working down to the broader content, is best for detail-oriented people who like control. Julies four-step system for planning your blog content. Ive talked in detail about a four-step method I use to write blog posts. It starts wide and loose, unlike the snowflake system, allowing people who work best from inspiration or large ideas dump everything out on the page. Then it systematically helps you prune it back through editing and locating the excess. This type of system, where you start big and work from the bottom of the pyramid, working up to tighter content, is best for people who get large ideas first and then write them down to details. Or, for people who have a rush of inspiration and ideas and have to write them down before they lose them. 3. Time to perfect the final one-third. By planning your blog content, you have the chance to work on it, rework it, and finesse it. You have the time. Blog planning gives you the time to work, more than anything. And that means you can reach that final one-third. To simplify Tim Hursons idea in his book Think Better, we work in thirds. The first third is bad. The second third is better. The last third is the keeper. Thats the idea behind writing 25 headlines  to get one keeper, thats the idea of waiting until youve finished your blog post before writing the introduction. What you write initially is like rebar. Its basic, crude, rough. Just the start. Then you pour concrete or put up the drywall in your second round of work. Finally, you finish it out and add the final touches. Thats the final third, where you find the gold. Too many blog posts out there are rebar content. The initial idea, the bare-bones writing, the surface treatment. If they had had the time, they would have really been finished.  What does perfection in that final third involve? Time to identify lazy writing mistakes. Time to proofread and make edits. Time for other team members to complete the duties they have to do. When you plan your content, you get enough time to get past that first third into the good stuff. 4. No regrets for rants. With a long and storied history of ridiculousness, I am familiar with the insta-rant that you write and publish in a nanosecond and then spend the next few weeks putting out online fires. Rants and off-the cuff content can get you into trouble. Letting them sit as a draft for a day or two is the best option. But whats even better, particularly for a brand? Sticking to an editorial calendar and not relying on rants at all. When it comes to off-the-cuff content, rants frequently bubble to the top. Yikes. Spare yourself regret, avoid writing and publishing in the same fell swoop, and always stick to the plan no matter what youre angry or frustrated about in the moment. Spare yourself regret. Avoid writing and publishing in one fell swoop.5. Better research is possible. When you know what you have to write, you can research better. You can find better ideas using methods like the skyscraper technique. I know that having a plan in place and knowing what I will be writing about makes me more aware of what I could use in upcoming blog posts as Im reading and hopping around the Internet. This actually saves time in the long run. You cant do that when you dont plan. 6. A chance to use your organized ideas. Organizing ideas so that you can find and use them when you need to is a challenge. Much of the time, the reason people write in the moment is that they lack a system of storing that idea for a later time when they could write the content better. So they just toss it online so they dont lose it. When you plan your blog content, you can plug those ideas into your plan. Its one of my favorite things about , the ability to gather notes, research, links, conversations, and files right where Im planning. I dont have to feel the panic of writing now and hoping I can make it work in the first round. I can put it all together as time allows, and write later according to the plan. 7. You can create and implement strategy. Cant plan your blog content? You sure as heck wont be able to create a content strategy. Cant plan your content? You sure as heck wont be able to create a content strategy. How can you do any A/B testing if you never plan anything ahead of time? How can you pick out relevant patterns in your analytics? How can you attempt to make improvements to your content, your conversions- your anything- if you dont plan? No strategy, no direction, no budget. Planning ahead with your content goes hand-in-hand with planning your content marketing strategy as a whole. The Case Against Planning Your Blog Content Are there times when planning your blog content is detrimental? In the case of to plan or not to plan, lets have a look at the witnesses for the prosecution: You miss out on trends. Topics are not interesting anymore. Topics are now irrelevant. True inspiration is always better. Planning leads to procrastination. Planned content is dull. Are these legitimate witnesses or do they fall apart under scrutiny? Lets have a look. 1. Miss out on hot trends. You definitely cant know what the big trend is going to be a month or two ahead of it. That is true. But planning your blog content means you allow for flexibility when necessary. Your plan can absorb those last-minute trend blog posts if they are an important part of your niche. Trendy posts are the sprinkles on a cupcake- great to have, but you still need the cupcake or they are just lame sprinkles. The plan gives you the ability to sprinkle trending content on top. 2. Topics are no longer interesting. Sometimes planned topics arent as interesting to you when it comes time to write them, even if you thought they were a few weeks or months ago. This could lead to boring posts, lackluster writing, or missed deadlines as you put off writing the post. Well. Im sorry for your pain. Thats the business and work of writing. But if you simply cant bring yourself to write the content that you arent interested in anymorefine. Dont write it. Plan extra content ideas so you have the freedom to reject ideas. Give yourself some leeway as part of your plan. Guess what? This very blog post was planned more than  three months ago. When I opened up my editorial calendar to start my scheduled post, I looked at it and thought: Ugh. I have nothing to say about this. In that moment, I didnt particularly like planned content, either, because writing the plan was not very inspiring. So I reverted to my usual writing system, began the process, primed the word pump, and got the post written. And heres the big secret: What might seem like a boring post gets more interesting as you actually start writing it. Truth. What might seem like a boring post gets more interesting as you actually start writing it.3. Topics are no longer relevant. The topics you picked a month ago are not relevant or appropriate anymore. Again, fine. So what? Discard them, find something new, or tweak them so they fit. The scrap cookie dough left over after cutting out shapes doesnt make the cookies any less good. In the same way, the topics that cant be used dont make the planning any less beneficial. 4. There really are inspired moments to write. There truly are moments when you are more inspired to write. Yes. There are moments when the writing gods smile down on you and gift you with the golden words. So write. Use that. But dont make that your go-to system for creating content. They are horribly fickle gods, those jerks, and they are the patrons of blogs that have five fantastic posts spread out over six years. 5. Planning feeds into procrastination. Admittedly, excessive planning is one of the great procrastinators tools. Im quite fond of planning. Planning is exciting. It feels like youre getting things in order  while skipping out on the hard part of actually doing something.  So, if youre prone to procrastination, planning your blog content can be a way you make yourself feel better about not actually creating the content. But thats your problem with procrastination, not planning. Find topics that you want to write. Find a system that makes the start of content creation less formidable so you dont keep putting it off. Dont blame your blog planning. Figure out why you are procrastinating instead.

Swanson's Theory of Caring Essay Example | Topics and Well Written Essays - 1500 words

Swanson's Theory of Caring - Essay Example Clinical observations include temperature, blood pressure and pulses are normal. The model used in this context involves evaluating the caregiver’s attitude. They include being competent, meeting individual needs of the women and respecting their dignity. If proper care is given after a woman miscarries then she has the power to improve on her own. The scenario involves women who had early miscarries and those who had a late miscarriage. Nurses and midwives who care for these women are also considered in this situation. Swanson’s caring categories apply in this scenario that includes â€Å"Maintaining belief†, â€Å"knowing†, â€Å"being with†, â€Å"doing for† and â€Å"enabling† (Brier, 2008). The middle range caring theory The theory is built on the basic Swanson’s fundamental principles. These elements are the usual five that the doctor developed in her theory. The first developed by the doctor in 1991 element is referred to as â€Å"knowing† (Jansson & Adolfsson, 2011). It strives to understand an event in the way it has a meaning in another person’s life. It does not assume that one can know what the other feels or they way he or she is affected by the situation. Instead, it tries to understand and endeavor to take care of the person. The lives of the patients are important and the nurse is obliged to fully understand it. When a nurse embraces ‘knowing’, he or she develops empathy that is important for the care receiver. It encompasses observations, systematic research and prolonged clinical experience. The second process is ‘being with’ and it implies being available or with the woman. It implies stepping into her shoes, providing psychological, emotional and physical support (Krippendorff, 2004). It also involves effective communication and good listening skills. The midwife must display assertiveness, advocacy and competence to protect her interests. ‘ Doing for’ process requires maintenance of both knowledge and skills (Adolfsson et al., 2004). It entails doing what the other person would do to themselves and is a practical side and art of the midwife profession. It can be described as comforting, being protective, anticipatory. Nurses should practice it with competency and use all the available skills. The other process is ‘enabling’. This model describes it as facilitation of an individual’s passage through transitions from unfamiliar events (Jansson & Adolfsson, 2011). It is also referred to as empowerment. To empower the women, nurses must give them choices and be fully informed of them. This enables them to control their decisions regarding pregnancy resulting to equal partnership when giving care. For the midwives to give informed choices, they must be aware of all evidence-based guidelines that are relevant to them (Brier, 2008). Finally yet importantly, ‘maintaining belief’ is the f ifth process and entails fulfilling expectations using realities. However, it is only achieved if the expectations are real. Maintaining belief enables midwives â€Å"to know, be with and do for† (Kvale & Brinkmann, 2009). This final process brings all other processes together thereby forming one whole process. Brier (2008) describes it as holding individuals in esteem; believing in the person’s ability to realize set goals. The goal is to have a normal birth that includes a healthy infant and a well-being mother. In the real world, great emotions are always achieved with the importance of birth. The

Contemporary auditing and risk management Essay

Contemporary auditing and risk management - Essay Example In the event that our application is not complied with, we ought to cease to act as auditor to your company or to support the company in any revenue or tax matter. We must convey a copy of our resignation to an applicable office of the Revenue Commissioners within 14 days. We ought to report material pertinent offences to the administrator of the company in writing, in a period 6 months. Our costs or fees are calculated on the basis of the period spent on your matters by our staff and partners, and on the levels of expertize and obligation involved and expenses incurred and VAT. We shall not reveal, to potential competitors or third party, confidential information attained in during our professional duty without your permission unless a legal right to disclose. Under the law of our institution, we obliged to avail all documents available for scrutiny in the course of a general practice review. Where the engagement is dismissed the constitutional provisions governing dismissal or term ination of auditors in accordance to the Companies Act, shall apply. When we as auditors cease to continue in office, we have an obligation to notify UK Auditing and Accounting Supervisory Consultant within one month after the date of cessation. Once this letter has been approved, it will remain operative, from one audit employment to another, till it is replaced. We shall be thankful if you could sanction in writing your pact to the terms of our engagement letter, by appending your signature and returning copy of this letter, or inform us if they are not in accordance with your comprehension of our terms of appointment. Yours faithfully, _______________________ Loughran and Shrives Chartered Accountants We approve to the terms of this letter. ______________________________________ Signed for and on behalf of Land Securities Group Plc. Ethical Issues for New Clients Leaflet Study Title: Ethical Issues for New Clients Leaflet Firm: Loughran and Shrives Chartered Accountants Client: L and Securities Group Plc Ethical auditing is a procedure which examines the internal and external reliability of a company's values base. The key ideas are that it must be value-linked, and that it integrates a stakeholder method. Its purposes are two-fold: It is envisioned for transparency and accountability towards stakeholders and it is anticipated for internal regulation, to meet the moral objectives of the company. The importance of the moral audit is that it empowers the company to evaluate itself through a diversity of lenses: it incarcerations the company's ethical profile. Compliance with moral requirements involves: independence of a company with ethical standards supporting all stakeholders. Integrity of all the undertakings; where confidentiality, transparency, and accountability upheld. Objectivity and Professional Competence are added values. Our firm has been tested for the above ethical issues and proven fit of all. If you need any additional information now or at an y moment in the future, please contact: Name: Address: Phone No: Internal Control and Risk Management Letter The findings of the Cadbury Board provided an outline for corporate control which has become the foundation for the

Identifying Quantifiable goals for the monitor, control and effectiveness of the marketing plan Essay Example for Free

Identifying Quantifiable goals for the monitor, control and effectiveness of the marketing plan Essay In order to evaluate, monitor, and control the effectiveness of the marketing plan, identifying quantifiable elements are detrimental to V-Techs financial gains and holdings. Marketing campaigns are the most costly measurement to the company and the launch of V-Techs Virta Window new product line in its marketing practices needs to show financial accountability. The focus of controlling and effectiveness to quantifiable elements reside in the metrics analysis of: 1. Revenue 2. Sales 3. Lead generation 4. Sales feed back 5. Return on investment 6. Customer retention Once the elements of V-Tech’s marketing campaign is identified, quantifiable goals can be set to counter financial loss and actionable measures can be taken to offset the losses for exchange of returnable gain. To begin identifying the elements of concern, V-Tech accounting management will look at: A. Product B. Place C. Price D. Promotion The product is an innovative technological breakthrough, meant to create real time life and learning experiences for its target audience. The product has little competition but may be hard to catch on in the marketplace and cause resistance within consumers. Quantifiable marketing goals that would need to be set: Be flexible to understanding that new products may need a longer campaign run. Placement metrics track the impact of consumer awareness and the impact of individual campaigns ability to reach marketing goals. Calculating metrics for analysis will determine if the whole of the marketing plan is bringing in more profit than it cost to run. Placement of the products marketing geographical and economic stature is an important  quantifiable element. A metric analysis of location placement will measure the buying power and behavior of the consumer by geographic location. If the product is not selling well in placement, location factors may be that the target areas do not have the right selling class. Geographical metrics indicate a target audience income, medium house hold income, pay scale and if the economics of the area are depressed or thriving for businesses and product buying. The goal would then be to move the marketing campaign into better location areas where purchasing is a stronger asset for the product. Measuring the metrics of geographic locations can also help the company keep a competitive advantage as more technology companies advance to offering consumers a similar product. By being better able to understand consumer behavior by geographic V-Tech will have a higher ROI(return on investment) strengthen their marketing campaigns that keep customer retention, loyalty and target a larger audience base. Pricing by far may be the most important aspect in finding quantifiable controlling elements. A new product of technology changes the whole atmosphere of the market place from how it is developed to the price of manufacturing and distribution. The marketing of V-Techs new product is to reach a broad base of a consumer audience over affordability. This may cause a huge financial loss for the company. The campaign of the marketing needs increasing without the extra-added expenditures to cover the cost of loss and turn a profit. The reasoning behind quantifiable control is marketing the product to show value, and to measure financial gains where the product and marketing campaign will exceed profit and generate profit growth. The goals would then be to do a review of past sales to compare to sales of the new product and build on the strengths that previous campaigns have generated. A metrics analysis can be done in order to find out how many people clicked on an ad from online, what the numbers of new sales are and the percentage of new leads generated. From measuring sale metri cs, the company will be able to tweak the marketing campaign, generate a new marketing design, or repeat the campaign until the marketing goals meets its value. The company will also be able to determine the effectiveness of its Public relations effort in relation to its marketing efforts. A cost saving measurement to the company and the marketing campaign would be to get out in front of the face of the audience. Increase web activity, broaden the scope of social media awareness and depth in which marketing the product can help exceeded sales goals. The promotion of V-Techs product quantifiable control elements are to measure consumer awareness and set goals if the product is failing in brand awareness, website traffic, and not generating the sales lead expectations. Taking advantage of sending out Brand Ambassadors to area store locations and increasing trade market showings will promote and target the customer audiences awareness of the new product, how it is designed and will demonstrate why the consumer has a need to purchase the product. Social media marketing is limitless for brand awareness, in where a campaign can go to reach a borde r target buying audience. The quantifiable elemental goals are to take advantage of the use of the internet’s effectiveness of marketing to cost with web videos, direct coupons to the consumer, customer loyalty incentives, package discounts on education and parental sites. Identifying the quantifiable elements that help to control a marketing plan is an invaluable asset to V-Tech technologies and its new product launch. The analyzed metric data sets timely goals to which the company can redefine its control of marketing execution to increase sales and profits. The wealth of information extracted from the identification process takes on a new format that will find strengths and weakness of the consumer target audience, and will help to keep a competitive advantage as new companies move in the territorial locations of the innovative technology that V-Tech Windows will bring to a new market place.

The Pandas Thumb -- Stephen Jay Gould Essay -- essays research papers

The Panda’s Thumb: More Reflections in Natural History With a touch of humor, geology, evolutionary theory, biology, cartoon characters and even some references to baseball, The Panda’s Thumb definitely makes excellent reading for people with all types of interests. The old clichà ©, â€Å"Don’t judge a book by its cover,† or in this case, title, holds true for The Panda’s Thumb. Theories concerning adaptations of the panda are only a fraction of the many exciting facts held within the pages of this publication. Gould is able to put what he writes about in words that are easy to understand without compromising the quality of the information. Many questions are raised in this book. Some questions that science just can’t answer at the moment. Time is a major theme in some of the essays in The Panda’s Thumb. I found these essays of utmost interest. Stephen Jay Gould writes as if you were sitting in a chair across from him having an insightful conversation. His essays are written in ways that are down-to-earth, entertaining, and easy to understand. Bits of humor are scattered throughout the book. One passage read, â€Å"The history of any one part of the earth, like the life of a soldier, consists of long periods of boredom and short periods of terror.† These little scraps of humor are placed in the just the right locations. After reading one of his essays concerning bipedalism (walking on two feet) I chuckled at the following statement, â€Å"It is now two in the morning and I’m finished...

Discovering Themes In Poetry

IntroductionPoetry at its deepest level, communicates unspeakable aspects of human experience. It is man’s greatest invention a channel wherein he gains the power to manipulate words to better express his thoughts and feelings. It has the unique ability to delve deeply in all topics imaginable, with which language becomes the media for translation and portrayal, offering an image of a world perceived and delivered through curt and descriptive words.Poets may venture a variety of themes, with all probability that each one may create literary pieces having the same theme. Edna St. Vincent Millay’s â€Å"What Lips My Lips Have Kissed† written on 1923 and Dorothy Parker’s â€Å"Review of the Sex Situation† both touched the theme on love. What made each of their works unique and set apart from one another is the poets’ outlook towards the subject.Similarity of the Poems AnalyzedMillay and Parker’s poems both divulge a sad conclusion on love brought about by a series of unsuccessful attempts on relationships. Contrary to what is implicated in Millay’s â€Å"What Lips My Lips Have Kissed†, the poem does not implicate romance and heart-warming recollections of past relationships. It talks about a woman constantly falling in and out of love and had come to realize that love is an elusive thing:  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   â€Å"I cannot say what loves have come and gone,  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   I only know that summer sang in me  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   A little while, that in me sings no more.†The last line implies resignation, a phrase which seems to have accepte d that â€Å"there is nothing more for me in this thing called love†. Summer passed her by, indicating her chances of finding her heart’s desire had come to pass as well. Further on, the last three lines implies either that she has aged and finding a man who will want her has become beyond probable or her heart has grown tired from flinging from one man to another and finding them â€Å"vanished one by one†. Parker on the other hand, seemed to be wary whether love will still bring good to her when she said:  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   â€Å"With this gist and sum of it,  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   What earthly good can come out of it?†Knowing that l ove is an unsteady and fleeting feeling, the possibility of loving someone only brings about sadness and pain. Love does not serve its purpose when it only breeds grief and unwarranted loyalty. What other purpose does love serve then given the situation? Love, according to the two poets, just seems to come and go and holding on to it and instilling in the consciousness that â€Å"Love is woman’s moon and sun† (Parker) will only be futile and will only cause more sad recollections and loneliness when â€Å"in the winter stands the lonely tree†(Millay).Parker and Millay’s sad conclusion on love was anchored on man’s fleeting emotions. Love, as Parker said, â€Å"is woman’s moon and sun† yet, â€Å"man delights in novelty† and when woman views man as her lord, â€Å"count to ten, and man is bored†. Despite showing the man how much the woman loves him, he seems to be discontented and will grow weary of the relationship. He g oes from one relationship to another, unconsciously leaving each woman behind, sad and broken hearted. Parker portrayed man as a soul discontented and never easily satisfied having one woman beside him. This then lead her to questioning whether love can still be good when man, as a partaker of love, is hardly satisfied with one. Millay seemed to have suffered from man’s uncanny ability to change heart in a short time, as a matter of fact, she had experienced quite a few of them when she opened her poem thus:  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   â€Å"What lips my lips have kissed, and where, and                                                                                                         when and why,  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚     Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚     I have forgotten, and what arms have lain  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   under my head till morning; but in the rain  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Is full of ghosts tonight, that tap and sigh†¦Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   And in my heart there stirs a quiet pain  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   For unremembered lads that not again  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Will turn to me at midnight with a cry.†The reader may convey a different image from what Millay narrated about her experiences. But the stirring in her heart proved it otherwise. The woman is clearly longing and looking for a true love, yet from all the men she had encountered, she appeared to have been used. It is an understatement that she easily responds to men who turn to her at midnight and cry hoping that in each man, there might be one who truly loves her and will stay. Millay’s experience is a confirmation of what Parker is saying when she concluded men to be easily bored and delighted in novelty.Point of Difference Found in the PoemsWhile both poets shared the same sad realization on love, the tone of the poem marked the difference with which each poet conveyed their message to their reader. Millay tells of a woman who constantly fall in and out of love and had come in full realization that not one of them really stayed long for her to remember:â€Å"I have forgotten, what arms have lain un der my head in the morning. In the end, the poem speaks of loneliness and longing, even regret for something that will never be fulfilled: â€Å"loves has come and gone†¦summer that sang in me†¦sings no more.†She likened each of her encounters to seasons and days, signifying her sadness and brief happiness as well as the gnawing loneliness as she discovered that summer ceased to sing to her. She uses strong and descriptive words that truly showed her feelings. The word vanished implied lost forever and with this she felt lonely. Each element of nature that Millay used – rain, ghosts in the night, midnight with a cry, winter and summer – amplified the strength of her longings and regrets.Parker on the one hand, is a woman who had a full grasp of the reality concerning man-woman relationship and the irony that exists between them. Her poem’s tone is that of sardonic and sarcastic, though, as a woman she still felt wary of what that realization on men implicated. Still, this made her poem less emotional than that of Millay despite the gravity of the message of her poem. Her curt portrayal of man and woman’s difference is to a point laughable yet contemplative; it makes one think for a while and comes to examine the validity of the poet’s claim. Even her concluding statement became less melodramatic:  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   â€Å"With this gist and sum of it,  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   What earthly good can come of it?†While Millay’s concluding statement:  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚        Ã¢â‚¬Å"I cannot say what loves have come and gone,  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚     I only know that summer sang in me  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚     Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚     A little while, that in me sings no more,†divulged resignation and loneliness, Parker’s seemed to challenge her women readers to ponder on the truth of her claim. Though the impact of the question is sad in that it shows love as incompetent and unreliable, it does not invoke a feeling of pity or grief. Her poem’s tone is light and humorous yet very reflective.ConclusionThe theme love is indeed a very broad topic. It covers vast array of situations conceivable in man’s day to day experiences – from sad to hatred born from deceitful love; forbidden love when one or two people di sagrees with the relationship; unrequited love, when only one person experiences the feeling; loneliness when one does not find the right one; and mockery when one seems to have lost faith in love. It can also be love of parents to child, friend to another and human to animals. Discovering varied themes in poetry is indeed very trying for though it constitutes one value, it is further broken down to specific categories whichever it is that the poet find fanciful and relevant.

Prayer, Humility, and Fate

Victoria Smith (H) English 3 Mrs. Parsons September 24, 2012 Prayer, Humility, and Fate In the story, Sir Gawain and the Green Knight, Gawain is developed as a Christian hero through his reliance on prayer and his humility which illuminates the theme that God controls fate. Gawain is developed as a Christian knight through his reliance on prayer. This trait is shown when Gawain is lost in a storm and does not know which way to turn. Gawain prays â€Å"Lord I beseech you†¦for some house where I may hear Mass devoutly† (Sir Gawain and the Green Knight 157, 159).Gawain demonstrates his dependence on prayer through this quote because it shows him praying to God for shelter in the storm and continually saying â€Å"Cross of Christ, bless me! † (Sir Gawain and the Green Knight 761). Gawain is established as a Christian hero through this quote because he relies on prayer in order to complete his task because he realizes that he cannot do it on his own. Immediately after G awain prays, God reveals to him a castle just ahead. Gawain’s establishment as a Christian hero illuminates the theme that God controls fate because it shows God granting his request and granting him victory.This is essential to the development of the theme because it clearly shows God altering Gawain’s fate which sets the course for the rest of the story. Gawain’s humility throughout the story also establishes him as a Christian hero. In contrast to Beowulf, a pagan hero, who often bragged about his strength and superior ability; Gawain, a Christian hero, is humble, often to the point of putting himself down. After Bertilak’s wife finishes telling Gawain how great he is, Gawain responds â€Å"I am all unworthy†¦to presume to the honor you ascribe me† (Sir Gawain and the Green Knight 1243, 1244).Gawain reveals his humility to Bertilak’s wife by not talking himself up, but humbling himself and claiming himself unworthy of such high prais e. Another example of Gawain’s humility can be found when he speaks to Arthur following the Green Knight’s challenge saying â€Å"I am the weakest†¦ and the least wise† and in response to Gawain’s humility, King Arthur gives Gawain God’s blessing and allows him to take the challenge in his place (Sir Gawain and the Green Knight 354).Gawain’s humility is essential in his development as a Christian hero because the Bible commands Christians to humble numerous times including the verse found in 1 Peter 5:6 which says, â€Å"Humble yourselves, therefore, under God’s mighty hand, that he may lift you up in due time. † As Christians, it is believed that God will exalt those who are humble. This belief is clearly shown through Gawain’s humility and success as a hero further proving the theme that God controls fate. Because of Gawain’s humility, and his reliance on prayer, God grants him success in the end and Gawain is exalted.

2008 enhanced national, regional and international efforts to improve systemic stability in banking The WritePass Journal

How the global financial crisis of 2007/2008 enhanced national, regional and international efforts to improve systemic stability in banking Introduction: How the global financial crisis of 2007/2008 enhanced national, regional and international efforts to improve systemic stability in banking Introduction:Basel  IPillar one  Pillar two:Pillar three:   II.  Why regulate banks:III.  The Financial Crisis: what happened?IV. An evaluation of Basel II as a uniform system of International banking regulation:1. Shortcomings of Basel I1.1. Procyclicality: 1.2. Unfair competition:1.2.1. Compliance Cost1.2.1.1.  Ã‚  Lack of supervisory uniformityV. Conclusion:ReferenceRelated Introduction: The global financial crisis of 2007/2008 has enhanced national, regional and international efforts, to improve the monitoring of systemic stability in banking. It exposed the weaknesses of the current regime the Basel I; thus leading to increase pressure for a tougher uniform regulation in the banking system. This paper briefly discusses the importance of banks and why they should be regulated; and the causes of the financial crisis. It then goes on further to discuss and evaluate in detail Basel II and the weaknesses of such a uniform system of International banking regulation. Basel  I Following criticisms of Basel I and the increasing complex and global nature of bank operations; the Basel Committee on Banking Supervision hereon ‘the Committee’, published Basel II in 2004. Basel II is an international regulatory framework on capital adequacy of internationally active banks. It is an international standard for national regulators to follow when setting standards for minimum capital. For some, Basel II is one of the most successful uniform regulations, at least in the commercial field[1]. It has been signed by 12 countries and the wake of the financial crisis has led emerging markets and countries such as those in the Asian Pacific region to adopt some of its provisions. Despite its popularity amongst some, many banks still preferred to adopt Basel I because of the complex nature and cost of compliance associated with Basel II; which is feared will be transferred to borrowers through higher capital charges.[2] Though a soft law, it can be argued that Basel II is being adopted by banks not only to encourage international reciprocity, but also because of the benefits it has to offer. It offers an opportunity for banks to improve their sustainability and competitive advantage because it aims at securing financial stability through aligning capital closely with risks.   Unlike Basel I, Basel II achieves this through securing sophisticated approaches to calculating credit and market risks and now operational risks. Others[3] have questioned the practicality of the minimum regulatory capital under Basel II. This is because banks tend to hold more capital due to market forces and national regulation may demand higher capital than Basel II. Whilst the above statement is true, one argues that an international standard of this nature is a necessity justified by the need to prevent systemic risk and to control banks from engaging in excessive risks. Thereby creating market discipline and inherently safeguarding the safety and soundness of the international banking system. Basel II operates on a three pillar approach: Pillar one addresses capital requirements and risks management. Pillar two addresses the supervisory review process. Pillar three addresses market discipline.  Ã‚  Ã‚   Pillar one It proposes three compliance methods for minimum capital based on the complexity of the bank. These include the standard approach and the Internal Ratings Based (IRB) approaches. Smaller banks are encouraged to adopt the standard approach and the larger banks the IRB approaches. Under the standard approach, assignment of risk weights are handled by external credit rating agencies, a commendable move as each bank’s risks will be defined more accurately.   Nonetheless, this approach raises concern as it does not eradicate the risk of capital arbitrage nor complacency since it is not subjected to supervision unlike the IRB approach[4]. Moreover, the IRB approaches even though banks worry about compliance cost, is more likely than the standard approach to increase banks safety and soundness; simply because it empowers banks to understand and estimate their potential risks.   Yet, how reliable is this approach? It is too complex and provides a bank with a lot of discretion which may be abused through creating risk models for regulatory purposes (regulatory arbitrage).[5] Nonetheless, this risk appears to have been reduced by pillar two which authorises supervisors to monitor and approve these models. However, it is believed that the IRB approaches could led to inconsistent regulatory application and treatment of risks by banks. A standardised approach on the other hand, eradicates such inconsistencies though it reduces the willingness to enhance risk controls[6]. Despite its weaknesses, pillar one seeks to promote stronger risk management practices amongst the banks, and therefore its main attraction. Although its name depicts it as a mere improvement of Basel I, Basel II does not incorporate a ‘one size fits all’ approach to risk management as that would hardly reflect the true nature of the borrower’s risk[7].   Pillar two: This pillar provides supervisors the power to review bank risk models and provide constructive feedback. It maintains control over bank practices and harmonises supervision. The discretion it offers is critical given the international scope of Basel II in order to fit into national regulations, differing bank practices and unforeseen innovations. Notwithstanding, there is no provision within the pillar for the extent of these supervisory powers or enforcement actions towards poorly managed institutions,[8] making the discretion too wide.   Therefore, not only could such a wide discretion strain the relationship between the banks and supervisors; it could distort consistent regulatory application as supervisors can in effect enforce these standards however they see fit.[9] Consequently, this creates an unbalanced levelled playing field at an international level. Moreover, the Committee appears to have failed to give much thought to effectively linking pillar 1 and 2. Whilst banks ar e encouraged under pillar one to adopt banking strategies, pillar 2 significantly curtails this freedom. It is for these reasons that it is believed to be the weakest pillar of all and unlikely to promote soundness and stability[10]. Pillar three: Pillar three compliments the first two pillars and pays particular focus on enhancing transparency and prudential banking. Banks are required to publicly disclose information such as capital structure and capital adequacy.   As a result, greater bank discipline will be achieved and consequently, economic efficiency. However, it fails to demand the disclosure of essential information in areas relating to credit risks and internal and external ratings by major banks. Additionally, banks may not be willing to disclose information where capital ratios are falling;[11] consequently, this pillar is only a ‘first step towards providing a foundation for market discipline’[12]    II.  Why regulate banks: Basel II cannot be discussed in isolation without reference to banks and the role they play, because banks are the sole reason for the existence of Basel II. Banks are central to the economic activities of every society, what Cohen refers to as the ‘oil that lubricates the wheel of commerce’[13].   Moreover, they are vital source of sustenance of every economy because they provide finances for various commercial purposes as well as access to payment.   Their activities have a huge impact on society and failure could result in dire consequences. In 2007, setbacks brought about by failure of Northern Rock resulted in systemic bank failures and eventually a recession in the United Kingdom (UK) economy. Society has had to bear the burden of sustaining the economy through spending cuts, redundancies, unemployment and increase in prices of goods and services. Additionally, banks are more reluctant to give out loans and people are less willing to spend and leading to a decl ine in economic growth. This partly explains why there are numerous on going debates on banking regulation. Banks have been described differently by different people. For some a bank is inherently a dangerous institution that will generate crises from time to time.[14]   Banks are fragile and one bank failure could spread systemically with devastating results on society[15] and the international banking system as discussed in the previous chapter. Cranston[16] argues that a failure could cause customers in other banks to rush in to withdraw their savings; causing a liquidity crisis. Whilst there may be a real risk of this happening, it is argued that it is not always the case.   Customers of other UK banks, for example, did not rush to withdraw money from their banks because of the failure of Northern Rock. Rather its collapse seemed to have raised public concern and awareness on the fragility and susceptibility of banks to collapsing.   This confirms the perspective that bank failure and fragility does not mean that the financial system is failing but rather that it should be handle d carefully[17]. Additionally, consumer protection is necessary to prevent abuse of power by unscrupulous bankers who may encourage consumers to enter into financial transactions that may be unbeneficial to them. What is more is that, regulations should not only protect customers but also ensure that public confidence in the stability of the financial system is enhanced and protected.[18]These explain why banks need to be regulated so that their activities do no increase systemic risk, spread to other jurisdictions and plunge the economies into financial crisis like the case of 2007/2008. All in all, the underlying reason for regulating banks is to ensure bank soundness and stability both nationally and internationally, and to prevent systemic risks. III.  The Financial Crisis: what happened? Similarly, Basel II cannot be discussed without a mention of the financial crisis, because, due to the crisis, the debate on Basel II and its role in the financial crisis has been intense. The recent financial crisis, â€Å"arguably the greatest crisis in the history of financial capitalism†[19]   has raised a lot of political and academic debate on its causes including the following: Inadequate regulatory framework and supervision[20] Macro-economic imbalances and housing policies in the United States (US)[21] Poor risk management[22] The financial crisis has undoubtedly revealed inadequacies with current banking regulations. The international framework at the time, Basel II[23], was not adequately designed to prevent or deal with the global financial meltdown. However, should not be completely responsible for the collapse of the banking system. Many of the factors that led to the crisis were in place long before the establishment of Basel II[24]. Nevertheless, one would have expected Basel II to be designed to curb these known practices, inherently preventing or mitigating the crisis. It was inadequate and focused a lot on capital requirements with no guidance for liquidity management, an issue that is now to be addressed by Basel III[25]. For example, the Northern Rock crisis was not as a result of inadequate capital but a lack of a strong asset base[26]. Furthermore, at a domestic level, the UK’s banking regulation operated on a less invasive, less strict basis for fear of forcing out lucrative International banks to other countries.[27]This system may have worked for years, but it failed when it was most needed.   The Financial Services Authority (FSA) failed to ensure adequate supervision of banking system, inherently failing to prevent the crisis or mitigate its effects[28]. This is evident in the fact that it: ‘focused excessively on risks at the level of the individual firm, rather than the aggregate picture, as well as placing an over-emphasis on conduct-of-business regulation rather than its prudential responsibilities’.[29] The FSA failed to take over Northern Rock during early stages; this is partly why the Special Resolution Regime[30] was introduced to give it powers of early intervention. Nonetheless, given the nature of the regulations in place and the global nature of the financial crisis it is doubtful that the FSA could have prevented systemic risks. In addition, to the origin of the crisis from the sub-prime markets in the US, the US economy was consuming more than it was producing as reflected in its large deficit.[31] Besides, there has been plenty of talk in the media about bankers being the cause of the crisis; with bankers such as Sir Fred Godwin at the forefront of the firing squad.[32] These bankers were recklessly engaged in affordable credit facilities and excessive remuneration. Financial innovation led to the creation of complex products and excessive risk taking by the banks that lacked adequate capital to safeguard against failures. However, the pitfalls in the banking system should not rest solely with bankers and the regulators but also with the consumers.[33] Consumers’ insatiable desire for high living standards and the economic growth of previous years also contributed to the recklessness and complacency of bankers.   Whilst consumerism has been great for social growth, its negative impact on the econo my cannot be underestimated and should be partly blamed for the financial crisis[34]. IV. An evaluation of Basel II as a uniform system of International banking regulation: With an understanding of the origin and the aim of Basel II, this section will now closely examine and asses Basel II as a uniform system on international banking. Basel II meets the requirements of a uniform regulation through providing rigorous and detailed guidance on capital requirements applicable to all banks. It takes into consideration differences in bank sizes and operations. Moreover, its three compliance methods for capital requirements respectively apply uniformly to all banks depending on their size.   Therefore, this reassures member countries and non-member countries that banks within their country and other countries are sufficiently safe and sound financially; and unlikely to create systemic risk or worsen an international financial crisis[35]. Hence, such reassurance helps to prevent banks from being perceived by the international community as dangerous, unattractive or left isolated in the international financial sphere. Moreover, its menu of approaches to capital requirements such as the standard approach is suitable for both developed and developing countries as well as small and large banks. Basel II reduces regulatory burden by ensuring that banks operating in more than one country comply with only one and similar financial regulation. If for example, a bank like HSBC with global operations has to comply with different banking and financial regulations in different countries, it might experience confusion due to the regulatory differences, which might lead to waste of valuable time and increase compliance cost which could be reinvested into other profitable areas. The result may be that, banks may refrain from international operations because the costs may outweigh the benefits. If this occurs, it could have dire consequences for some economies. Additionally, Basel II creates a level playing field where single set of rules and a standard level of supervision are uniformly applicable to all banks.   For example, its capital requirements ensure that all banks hold a minimum regulatory capital and as such domestic banks cannot have lower capital rates in comparison to foreign banks. Implying that, domestic banks cannot hold less capital whilst investing the other into profitable ventures which may in turn increase their market share, thereby enhancing their competitiveness at the expense of foreign banks. Consequently, Basel II eliminates legal barriers and barriers to fair competition and by so doing, promoting efficiency, uniformity and prudential international banking[36]. Whilst Basel II has the ability to act as an instrument of fairness and uniformity in International banking, nevertheless, it has a number of shortcomings including procyclicality and unfair competition which will be discussed further below. 1. Shortcomings of Basel I 1.1. Procyclicality: As a uniform system of International banking, Basel II can create pro-cyclicality and disproportionate capital requirements which can lead to huge consequences on macroeconomics. It does not promote consistency throughout an economic cycle, an important component of banking stability. Under Basel II during a boom, banks will appear better capitalised, more likely to lend and make risky investment. However, when the value of assets starts dropping; these banks will appear to be below the minimum capital requirements. For example, the IRB approach is too sensitive to macroeconomic variations and will enhance pro-cyclicality unlike the standard approach which is designed with focus on the credit worthiness of the borrower throughout the economic cycle[37]. Ratings are updated annually under IRB approaches, therefore, during a recession a high risk borrower will reflect a higher probability of default, leading to higher capital charges. This over reliance on risk sensitivity distorts reg ulatory capital when banks are in need of it. The larger risk weights and strict regulatory capital requirements could lead to banks refusing to lend money during a recession and excessive lending during a boom. This could also have a significant impact on developing countries who may suffer a reduction in international lending or a significant increase in their borrowing cost; as they will be reflected as high risk borrowers with a high probability of default.   Nevertheless, some argue that this will not be the case since banks price using economic not regulatory capital[38]. Supporters of Basel II argue that allowing banks to have their own risk model reduces the effect on pro-cyclicality.[39] Additionally, it is not entirely clear that Basel II will aggravate procyclicality because pillar one requires banks to stress-test their credit portfolios and rate borrowers according to their ability to pay back with a recession in mind. Additionally, pillar two requires supervisors to take into account procyclicality during the review process where the bank fails to do so.[40] Therefore, the procyclical effects of Basel II cannot be fully justified given the mechanisms in place under pillar one and two. Moreover, a certain degree of procyclicality is inevitable and appropriate if a bank’s capital is to be closely aligned to its risks for prudential purposes[41].Albeit this, Basel II is bad economics in its attempt to use market prices to predict market failures. It is procyclical, something a uniform regulation should avoid and that may explain why the Ba sel III aims to reduce procyclicality by demanding that banks hold a countercyclical capital buffer of 0% 2.5% by January 2019[42]. 1.2. Unfair competition: Enhancing uniformity and competitive equality is one of the main aims of Basel II. However, it is often difficult to draft rules that will take into account institutional and legal differences and yet apply similarly to all. However, Basel II in its attempt to move away from the ‘one size fits all’ approach may create a breeding ground for unfair competition because there are winners and losers. As it stands, larger banks are favoured because as a result of the nature and complexity of their operations they are more likely to qualify for the IRB model. Hence, they will enjoy a 2% 3% reduction in capital which may be invested in other profitable ventures. For example, in the EU, Basel II is applicable to all banks irrespective of their size or geographical location. This might give larger banks an unfair competitive advantage as the anticipation of lower regulatory requirements can cause them to manipulate risk portfolios and take on excessive risks. This may occur at th e expense of financial stability and smaller banks; that through the standard approach may have the quality of their portfolio worsen[43], causing them to lose market shares. Additionally, because of the wide supervisory powers under pillar two, supervision amongst countries may not be uniform and this may place other countries in a better competitive position than others. For example, countries that are stringent in the application of Basel II rules may be at a competitive disadvantage than countries that do not[44] because their banks may have more capital to invest in other areas. Moreover, Basel II does not apply to non-deposit taking lenders but who nonetheless compete in the financial market. Accordingly, they are placed in a better position, since they comply with lower capital rates than banks that have to comply with Basel II. 1.2.1. Compliance Cost The cost of introducing such a uniform system of regulation such as Basel II may be very high, placing an unnecessary burden on some. For example, the lack in uniformity of capital requirements may have a significant impact on emerging economies and markets as the risk management systems will be costly to introduce. Therefore, the balance of the cost and benefits for introducing and implementing it may be disproportionate.[45] On the other hand, more advanced and developed markets and economies are placed at an advantage. Largely because, aside from the benefit enjoyed by larger banks, the more developed economies and countries are more likely to be equipped and well-resourced to effectively supervise their banks.[46] Consequently, they are in a better position to enjoy the benefits of Basel II than the emerging economies or developing countries. Additionally, where these emerging economies and developing countries fail to implement Basel II they could become unattractive. Nonetheles s, these countries can start by introducing the less complex standard approach and then progress as the economies grows. 1.2.1.1.  Ã‚  Lack of supervisory uniformity As a uniform system the effective implementation Basel II is dependent on voluntary cooperation, yet the discretion and independence of supervisory powers and abilities under pillar 2 are too wide. This could create conflict where the home and host countries follow different schemes of regulations, for example a host country may impose in the place of the IRB approaches the standardised approach for a bank that follows the IRB in its home country in order to avoid lower capital requirements and competitive advantage over domestic banks. Additionally, Basel II formalises the role of external credit rating agencies in assessing bank risks. Whilst they play an important role, their record especially in the recent Asian crisis, raises concern because they are not regulated like the IRB models. The absence of a standard of ratings could lead to capital arbitrage caused by banks shopping for favourable ratings. Hence, encouraging unfair competition amongst agencies as well as intensifying procyclicality of bank lending[47]. This lack of uniformity in the regulation of rating standards and supervision could raise serious concerns in achieving its aim of soundness and stability. An organisation responsible for regulating these rating agencies should be created to ensure that they adhere to the same level of supervision as the IRB models.[48]   This issue is now being tackled by Basel III by requiring the registration and supervision of credit agencies[49]. V. Conclusion: It is without a doubt that Basel II has contributed to prudential banking both at an international and national level; through its three pillars on better risk management, greater transparency and greater supervision. Through its pillars, Basel II offers many great opportunities for banks such as the ability to improve sustainability and competitiveness through closely aligning their risks with capital. It also reduces regulatory burden and to some extent creates a level playing field as it seeks to ensure that the same rules are applicable to all banks. A uniform international banking regulation is greatly desirable and needed as a result of the increasing global operations of banks and constant development in the financial sector. Regardless, Basel II does not fulfill the requirements of a uniform system. Its three pillars although developed with a great vision in mind, fail to make it a desirable piece of uniform regulation. Basel II as a uniform system of banking regulation focuses a lot on capital requirements, ignoring other important areas of banking such as liquidity management. As a result, it failed to prevent or mitigate the financial crisis and its effects. A harmonising international standard that seeks to achieve consistency yet is highly flexible such as Basel II is more than likely to fail. Basel II is over detailed, complex and vague as such relies a great deal on domestic supervisors for effective implementation, which will in effect fail to achieve consistency and uniformity, hence its main weakness. Whilst an international banking regulation is needed, Basel I is highly flawed, hence the reason for the new Basel II Accord. Reference [1] R Bollen, ‘The International financial system and future global regulation’ JIBLR (2008) 23(9), 462 quoting from Felson and Bilali, ‘The role of the bank’ (2004) http://login.westlaw.co.uk/maf/wluk/app/document?src=rlsrguid=ia744c0970000012fd01158ecc34d593cdocguid=I53D96EE057A211DDA3BBFE4B3DB72F6Bhitguid=I53D96EE057A211DDA3BBFE4B3DB72F6Bspos=8epos=8td=15crumb-action=appendcontext=37resolvein=true accessed 21st April 2011 [2] FJ Carden de Carvalho, Basel II:   A critical assessment (March 2005) 1-4 ie.ufrj.br/eventos/seminarios/pesquisa/basel_ii_a_critical_assessment.pdf accessed 26th April 2011 [3] DK Tarullo, ‘Banking on Basel: The future of International Financial Regulation (1st edn, The Peterson Institute For International Economics, 2008) 141-143 [4] D Coskun, ‘Credit-rating agencies in the Basel II framework: Why the standardised approach is inadequate for regulatory capital purposes’ (2010 )JIBLR 157-169, 164 http://login.westlaw.co.uk/maf/wluk/app/document?src=rlsrguid=ia744d05f0000012fd08ca524199ce1a6docguid=IB858F4F230AC11DF9C83BB18AACF6BDBhitguid=IB858F4F230AC11DF9C83BB18AACF6BDBspos=1epos=1td=1crumb-action=appendcontext=6resolvein=true accessed 21st April 2011 [5]D K Tarullo, ‘Banking on Basel: The future of International Financial Regulation (1st edn, The Peterson Institute For International Economics, 2008) 170 [6] A A Jobst, ‘Regulation of Operational risks under the new Basel Capital Accord critical Issues’, (2007) JIBLR 22(5) 264 http://login.westlaw.co.uk/maf/wluk/app/document?src=rlsrguid=ia744d05f0000012fd0b2f898199ce260docguid=I25B9EA20E3D211DBB19ABA1496637E01hitguid=I25B9EA20E3D211DBB19ABA1496637E01spos=10epos=10td=24crumb-action=appendcontext=36resolvein=true accessed 21st April 2011 [7] G LIND, ‘Basel II – the new framework for bank capital’   Economic Review 2, 2005, 23 riksbank.com/upload/Dokument_riksbank/Kat_publicerat/Artiklar_PV/Lind.pdf accessed 16th April 2011 [8] D Vanhoose, ‘Market Discipline and Supervisory Discretion in Banking: Reinforcing or Conflicting Pillars Banking’ (Networks Financial Institute, Indiana State University) 2007 WP 06,26 networksfinancialinstitute.org/Lists/Publication%20Library/Attachments/56/2007-WP-06_VanHoose.pdf accessed 15th April 2011 [9] F J Cardim de Carvalho ‘Basel II:   A critical assessment’,(March 2005) 19 [10] D Vanhoose, ‘Market Discipline and Supervisory Discretion in Banking: Reinforcing or Conflicting Pillars Banking’ (Networks Financial Institute, Indiana State University) 2007 WP 06, 25 networksfinancialinstitute.org/Lists/Publication%20Library/Attachments/56/2007-WP-06_VanHoose.pdf accessed 26th April 2011 [11] D K Tarullo, ‘Banking on Basel: The future of International Financial Regulation (1st edn, The Peterson Institute For International Economics, 2008) 178 [12] D Vanhoose, ‘Market Discipline and Supervisory Discretion in Banking: Reinforcing or Conflicting Pillars Banking’ (Networks Financial Institute, Indiana State University) 2007 WP 06, 24-25 [13] BJ Cohen, ‘In Whose Interest? International Banking and American Foreign Policy’ (New Haven, CN: Yale University Press 1986) cited in O JACOBSOHN, ‘Impact of Basel II on the South African banking system’ (2004) Magister Commercii in Business Management Rand Afrikaans University, 72 http://ujdigispace.uj.ac.za:8080/dspace/bitstream/10210/273/1/Dissertation7.pdf accessed 1st May 2011 [14]House of Commons Treasury Committee, ‘Banking Crisis: regulation and supervision’, 2008-09 available at parliament.the-stationery-office.co.uk/pa/cm200809/cmselect/cmtreasy/767/767.pdf accessed 15th April 2011 [15] This is commonly referred to as systemic risk. [16] R Cranston, Principles of Banking Law (2nd edn OUP 2002)   66-67 [17]MJB Hall and GG Kaufman, ‘International Banking Regulation’ (2002), 8 www.luc.edu/faculty//InternationalBankingRegulation7-12-02.doc accessed 15th May [18] This is also objective 2   of regulators laid down in s.4 of the Banking Act 2009 [19] A Peel, ‘The Turner Review’ (2009) 33 CSR 9, 70,1 lexisnexis.com/uk/legal/results/docview/docview.do?docLinkInd=truerisb=21_T11911683585format=GNBFULLsort=PUBLISHED-DATE,D,H,$PSEUDOLOSK,A,HstartDocNo=1resultsUrlKey=29_T11911683589cisb=22_T11911683588treeMax=truetreeWidth=0csi=280148docNo=1 accessed 15th April 2011 [20]   C Chambers, ‘The Reforms: A Political Safe Haven or Political Suicide – is the Labour bubble bursting?’ (2011) JFRC 19(1), 2 http://login.westlaw.co.uk/maf/wluk/app/document?src=rlsrguid=ia744c0970000012fcff20386f488fee9docguid=I6213C8F246DF11E0A6ECC01597E875E2hitguid=I6213C8F246DF11E0A6ECC01597E875E2spos=2epos=2td=15crumb-action=appendcontext=17resolvein=true accessed 15th April 2011; Deputy K Ekholm, ‘Some lessons from the financial crisis for monetary policy’ (4th December 2009) bis.org/review/r091214c.pdf accessed 15th April 2011 [21] F J Cardim de Carvalho ‘Basel II:   A critical assessment’,(March 2005) 19 ie.ufrj.br/eventos/seminarios/pesquisa/basel_ii_a_critical_assessment.pdf accessed 26th April 2011 [22] IH-Y Chiu, ‘Legislation, regulatory and governance reforms in financial regulation: reflections on the global financial crisis’ Editorial, Comp Law,(2010) 31(6), 165 http://login.westlaw.co.uk/maf/wluk/app/document?src=rlsrguid=ia744cc630000012fcfffcb546e891311docguid=IECBD4B406ACE11DFB49F99FD3B90BEF9hitguid=IECBD4B406ACE11DFB49F99FD3B90BEF9spos=15epos=15td=262crumb-action=appendcontext=30resolvein=true accessed 17th April 2011 [23] Basel II: The International Convergence of Capital Measurement and Capital Standards A Revised Framework, 2004 [24] E Fournier, ‘How Basel Should Change’ 28 IFLR 16 (2008-2010), 20 http://login.westlaw.co.uk/maf/wluk/app/document?src=rlsrguid=ia744c09a0000012ffaeb98dabae8321bdocguid=I57126030E6A411DDB056C665510274F9hitguid=I57126030E6A411DDB056C665510274F9spos=1epos=1td=1crumb-action=appendcontext=7resolvein=true accessed 21st April 2011 [25] International Regulatory Framework for Banks, 2010 [26] R Bollen, ‘The International financial system and future global regulation’ JIBLR (2008) 23(9), 470 http://login.westlaw.co.uk/maf/wluk/app/document?src=rlsrguid=ia744c0970000012fd01158ecc34d593cdocguid=I53D96EE057A211DDA3BBFE4B3DB72F6Bhitguid=I53D96EE057A211DDA3BBFE4B3DB72F6Bspos=8epos=8td=15crumb-action=appendcontext=37resolvein=true accessed 21st April 2011 [27] Economics online ‘Banking regulation’ economicsonline.co.uk/Business_economics/Banking+regulation.html accessed 15th April 2011 [28] ‘Bank regulation failed – Lords Committee’ (moneyfacts 2nd June 2009) http://moneyfacts.co.uk/news/economy/bank-regulation-failed-lords-committee/ accessed 16th April 2011 [29]   DK Tarullo, ‘Banking on Basel: The future of International Financial Regulation (1st edn, The Peterson Institute For International Economics, 2008) 141-143 [30] Introduced the Banking Act 2009 [31] F J Cardim de Carvalho ‘Basel II:   A critical assessment’,(March 2005) 19 ie.ufrj.br/eventos/seminarios/pesquisa/basel_ii_a_critical_assessment.pdf accessed 26th April 2011 [32] The Times Online, ‘Bankers to blame for the economic â€Å"mess† ‘   (The Sunday Times 28th   February 2008) http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article5820951.ece accessed 16th April 2011 [33] ‘Causes and costs of a global financial crisis’ (The Sunday Times 2nd October 2008) timesonline.co.uk/tol/comment/letters/article4862921.ece accessed 16th April 2011 [34] F J Cardim de Carvalho ‘Basel II:   A critical assessment’,(March 2005) 19 ie.ufrj.br/eventos/seminarios/pesquisa/basel_ii_a_critical_assessment.pdf accessed 26th April 2011 [35] D K Tarullo, ‘Banking on Basel: The future of International Financial Regulation (1st edn, The Peterson Institute For International Economics, 2008) 178 [36] E Ferran, K Alexander, ‘Can soft law bodies be effective? The special case of the European Systemic Risk Board’ (2010) ELRev 35(6),   761 http://login.westlaw.co.uk/maf/wluk/app/document?src=rlsrguid=ia744d05e0000012fd0dd7691146455a0docguid=I1E797CE008C611E0A451F66F817AC0EEhitguid=I1E797CE008C611E0A451F66F817AC0EEspos=1epos=1td=4crumb-action=appendcontext=9resolvein=true accessed 26th April 2011 [37] D K Tarullo, ‘Banking on Basel: The future of International Financial Regulation (1st edn, The Peterson Institute For International Economics, 2008),178 [38] O JACOBSOHN, ‘Impact of Basel II on the South African banking system’ (2004) Magister Commercii in Business Management Rand Afrikaans University, 72 http://ujdigispace.uj.ac.za:8080/dspace/bitstream/10210/273/1/Dissertation7.pdf accessed 1st May 2011 [39] J Vinals ‘Procyclicality of the Financial System and Regulation’ Speech at the conference on Managing Procyclicality of the Financial System, Hong Kong, (22nd November 2004) bankofspain.org/webbde/es/secciones/prensa/intervenpub/archivo/vinals/relaci221104.pdf accessed 20th April 2011 [40] International Monetary Fund, ‘Will Basel II help prevent crisis or worsen them?’ Finance Development (June 2008), 30 imf.org/external/pubs/ft/fandd/2008/06/pdf/saurina.pdf accessed 1st May 2011 [41] International Monetary Fund, ‘Will Basel II help prevent crisis or worsen them?’ Finance Development (June 2008) 31 imf.org/external/pubs/ft/fandd/2008/06/pdf/saurina.pdf [42] The Basel III Accord basel-iii-accord.com/ accessed 6th May 2011 [43] E Feess and U Hege, ‘The Basel II Accord: Internal Ratings Approach and Bank Differentiation’, CFS Working Paper no 2004/25, 27 ifk-cfs.de/fileadmin/downloads/publications/wp/04_25.pdf accessed 5th May 2011 [44]   F Roger Jnr, ‘Basel II: discussion of complex issues’. BIS Review 08/2003 bis.org/review/r030623a.pdf accessed 5th May 2011 [45] O JACOBSOHN, ‘Impact of Basel II on the South African banking system’ (2004) Magister Commercii in Business Management Rand Afrikaans University, 73 http://ujdigispace.uj.ac.za:8080/dspace/bitstream/10210/273/1/Dissertation7.pdf accessed 30th April 2011 [46] R Lall, ‘Why Basel II failed and why Basel III is doomed’, (October 2009),GEG Working Paper 2009/52, 10 globaleconomicgovernance.org/wp-content/uploads/GEG-Working-paper-Ranjit-Lall.pdf accessed 21st 2011 [47] D Coskun, ‘Credit-rating agencies in the Basel II framework: Why the standardised approach is inadequate for regulatory capital purposes’ (2010 )JIBLR 157-169 [48]E Fournier, ‘How Basel Should Change’, 28 IFLR 16 2009-2010, 17 [49] J Kollewe and G Wearden ‘Basel III: the main points’ (guardian.co.uk 13th September 2010) guardian.co.uk/business/2010/sep/13/basel-iii-the-main-points accessed 21st 2011