Investors of asset backed securities (ABSs) are subject to interest rate risk. When interest rates rise‚ the prices of ABS fall‚ and vice versa. The risk of rising interest rate will affect yields because it may influence the pace of prepayments of the underlying loans. This is normally in the case of mortgages consumer asset backed securities. The underlying borrowers of asset backed securities may fail to make interest and principal payments when due and unable to meet other obligation such as
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How accurate is it to say that the growth of reformist groups in the years from 1881 was the main cause of the 1905 revolution? In some ways it is accurate to say that the growth of reformist groups in the years from 1881 was a significant cause of the 1905 revolution because they stirred up discontent amongst industrial workers and peasants. The social revolutionaries’ party was formed from ‘the peoples will’. These were a radical party that came around in the 1860’s. They split from the peoples
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Capitalism is an economic system in which trade‚ industry‚ and the means of production are controlled by private owners with the goal of making profits.[1][2] Central characteristics of capitalism include capital accumulation‚ competitive markets and wage labor.[3] In a capitalist economy‚ the parties to a transaction typically determine the prices at which assets‚ goods‚ and services are exchanged.[4] The degree of competition‚ role of intervention and regulation‚ and scope of public ownership
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Aldous Huxley writes in his text Brave New World of the pitfalls of a society based on classes‚ with those in the upper classes holding more power than those in the lower classes having virtually no power. He describes this system as the Alphas being smart and superior to others and having challenging jobs‚ Betas are not to powerful‚ Deltas being less powerful than the Betas‚ Gammas being underneath the Deltas‚ and the Epsilons receiving grunt work that is boring for higher caste members and having
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The management of the Celtic Tiger seen through Elitist and Marxist Approaches Ireland’s economy developed dramatically during the 1990s‚ and was referred to as the “Celtic Tiger” - an analogous term for the East Asian Tigers. As a member of the EC‚ foreign investors saw Ireland as a potential platform to launch their products into Europe. Also‚ there was a lower corporate tax rate‚ a skilled workforce and improved economic management. While the country did‚ at the time of the Celtic
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and serf”. He then goes on into detail about the need for reform of class structure by stating “established new classes‚ new conditions of oppression‚ new forms of struggle in place of the old ones” This photo of the working class shows the view Marxism had on society that it was not balanced or fair for the Proletariat [working class]. Furthermore‚ this picture also supports that the Bourgeois was “in control” of how the working class faired in living and working conditions. Marx believed the Bourgeois
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Functionalists agree with many of the positive aspects of the family such as provision of care and teachings of norms and values. The three main functionalist sociologists in this topic are Murdock‚ Parsons and Fletcher‚ who all have a different view towards family but main argument is the functions it provides for society. Murdock believes that the family have to provide 4 main functions: primary socialisation‚ financial support‚ the meeting of sexual and emotional needs and reproduction. These
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Marxism and Abortion A recent article in The Tribune‚ the official newspaper of the Communist Party of Australia‚ expounded upon the Marxist view of abortion‚ adding new understanding to the international debate over the rights of the unborn. “Human Life and Fetal Images‚” an essay by Rebecca Albury‚ appeared in the Australian publication on August 10 of this year. Albury made the following statements about the teachings of Karl Marx and their relationship to the unborn: A Marxist believes that
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1.1 Development of power and resistance over time: Power‚ as the most important factor‚ is used in many forms in a workplace. In 1956‚ John French and Bertram Raven identified five bases of power – reward‚ coercive‚ referent‚ legitimate‚ and expert. Reward power consists of having the authority to give incentives to another person in monetary or non-monetary forms.Coercive power is forcing the worker to do something that he does not have a choice over by creating fear. When excessively exercised
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Communism versus Capitalism is a debate that has raged on for over two centuries. Somehow these two polar opposite ideas both seem to be controversial due to the fact that each one‚ respectively‚ is allegedly designed to favor a part of the socio-economic spectrum of social class. The two main conflicting ideas are first communism and secondly capitalism. First‚ The promise of the elimination of classes‚ of guaranteed employment‚ "The creation of a comprehensive social security and welfare system
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