Libor Scandal What is Libor and why does it matter? Libor stands for London Interbank Offered Rate. “It is considered to be an average interest rate which is estimated by some leading banks in London that they would be charged if borrowing from other banks.” Libor rate is considered to be the primary benchmark for short term interest rates around the world. It is the average cost of borrowing and is estimated on a daily basis by a group of banks as mentioned above. Libor rate gained momentum around
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the performance of rites and rituals. Rites and rituals are so much connected with the human life of the primitive peoples. However‚ rites and rituals are found not only among the primitive or tribal people‚ but very much among the other religions of the world. Therefore rites and rituals is a very vast subject to be discussed‚ here in the paper we will see some of the rites and rituals which are performed among the indigenous of north east people of India. Rites and Rituals A rite simply means a form
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Rites of Passage & Coming of Age * Drivers licence * Purchasing a house * Turning 18> legal‚ vote‚ drink‚ cigarettes * Legal opportunities> tenancy~ Motel Room * Marriage * Baby * Tattoos * Graduation from school * Graduating from university * Leaving home * What about guys? * First shave Rites of passage * Rite of passage is the term used to refer to ceremonies acknowledged by a society that marks the transition from one level of status in
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Puberty Rites of the Akan (Bragoro/Brapue): Puberty rites among the Akan are known as “Bragoro” or “Brapue.” Most Akan‚ especially the Asante and Bono‚ perform puberty rites for their daughters. A girl who is being initiated is called “Brani” or “Sakyima.” “Bragoro” can be performed only after a girl’s first menstruation. As soon as a parent knows of her daughter’s first menstruation‚ she prepares towards the ceremony. Before the rite‚ the girl is presented to the queenmother who
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My first tattoo was a small tribal rose on my left calf I was 19 and the tattoo was free. After a few years I couldn’t wait to get it covered up. Another view of rite of passage is the Maori People‚ their intricate moko tattooing marks their rank the men are being heavily tattooed from face to feet and women wear only a facial tattoo on the chin. “You may lose your most valuable property through misfortune in
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Rite of Passage Anthony Solin BSHS/342 June 10‚ 2010 Patti Williams‚ PHD In society‚ there is a transition that every youth will transition to adulthood and this transition period is commonly referred to as the rites of passage. This marks the period in which every female and adolescent males will go through. Rite of passage is a terminology that was enunciated by Arnold van Gennep who in his denotes rituals that some society takes part in to celebrate a youth transition into adulthood. Gennep
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SCANDALS IN 2000S Named scandals Named scandals in India Scandal Year reported Scope Location Key players Summary 2012 Indian coal mining controversy 2012 185‚591.34 crore (US$33.78 billion) nation Comptroller and Auditor General of India‚ the coal ministry‚ many electricity boards and private companies coal blocks allotted‚ not auctioned‚ leading to estimated losses as per the Comptroller and Auditor General of India [1][2][3] Karnataka Wakf Board Land Scam 2012 200‚000 crore
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Rite of passage from Hinduism Birth: Birth is one of the most significant events for Hindus. In some families‚ the father performs a ceremony immediately after the birth. He dips a gold pen into a jar of honey and writes the sacred Sanskrit symbol: “Om” onto the infant’s tongue. The symbol‚ which stands for truth‚ is written in hope that the child will be honest and speak only the truth‚ which is sweet as honey. After a little more than a week‚ the baby’s name is formally given. Usually the
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Rites of Passage When an individual experiences movement‚ or a change from an affixed position in society to another position‚ that individual can easily describe their change as a passage into a new realm of living. A new realm of living is the way in which the individual and society views‚ acknowledges‚ and proceeds with their life. Their changes are monumental not only for the individual‚ but for his/her society as well. Many changes take place during the span of a persons life. They become
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Rites of Passage Although there are many different types of rites of passage they differ in many ways‚ some much more extreme than the others. There are so many different cultures that have a ton of different ways of expressing rites of passage. The three different cultures that will be discussed are the United States of America‚ Malaysian‚ and Balinese adolescents. Some of the things that will be discussed are the different forms of rites of passage‚ the different ages that they
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