Main features and the cause of recent financial crisis I Introduction On 5 March 2007‚ HSBC announced its 2006 annual result. Highlighted in the presentation material (HSBC (2007))‚ ‘Mortgage arrears in the US resulted in an increase in loan impairment charge from US$448 million to US$2‚171 million for Mortgage Services’. On 2 April 2007‚ as reported in BBC News1‚ ‘New Century Financial‚ one of the largest sub-prime lenders in the US‚ has filed for Chapter 11 bankruptcy.’ 1 On 6 August 2007
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Many theories have been put forward in the field of psychology which attempt to explain the reactions of people in society towards what they would classify as injustice.one of these approaches was put forward by Lerner (1980) which is known as the ‘belief in a just world’ theory. This states that in life it is believed that everyone gets what they deserve good people receive good things and vice versa. This allows society to conduct itself in a stable manner as this notion brings forth a certain
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Offer a critique of what John Rawls meant by ‘Fair Equality of Opportunity’ Introduction: The purpose of this essay is to discuss what ‘Fair Equality of Opportunity’ means and John Rawls view point on this subject. Rawls was a well known philosopher from the USA and arguably the most important political philosopher of the 20th century. Rawls is well known for using the basic structure of society as his subject matter and most famously for his work entitled‚ A Theory of Justice (1971). Here he explains
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to reduce recidivism. Earlier the role of a federal court system was to bring together the administration and judges (Cohen and Spitzer‚ 1996). The role of a judicial official is to administer procedural justice that helps a defendant to accept accountability. The Procedural Justice Theory suggests that a person will see rulings as legitimate‚ and adopt the court’s value and goals (Wales et al.‚ 2010). O’Scannlain (2010) states the role of the federal judge is to apply the Constitution of the
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study conducted on the Amyklaion it can be seen that Apollo was one of the most important gods of the Spartans. This has been determined by the fact that a throne to Apollo as well as a large bronze statue of Apollo was found at the sight. The Sanctuary of Artemis Orthia‚ which is located along the bank of the Eurotas River‚ is another example that demonstrates the religious views of Sparta. Artemis was one of the main goddesses of Sparta especially because she is the goddess of fertility and the
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jokes humorous and not others? What can we define as amusing? And what philosophical value does ‘humour’ have in our lives. This essay will be exploring the three main theories of humour and the important of humour in Nietzsche’s philosophy and life. The first of the main theories of humour is the Incongruity Theory. The Incongruity Theory is the idea that humour is derived from surprise. This is‚ the sudden revelation of a previously concealed fact. The first part of the joke or the set up‚ forces
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In Plato’s Republic he defines justice as “doing one’s own work and not meddling with what is not one’s own” (Plato 139‚ 433b). This definition begs the question what is one’s own work? Plato states that one’s own work is the work that one’s nature is best suited for‚ as each person is born with a different nature (Plato 101‚ 370b). To come to this definition Plato compares justice within the human soul to justice within a city. If Plato can find justice within the city and prove that the individual
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Imperative which is the central philosophy of his theory of morality‚ and an understandable approach to this moral law. It is divided into three formulations. The first formulation of Kant’s Categorical Imperative states that one should “always act in such a way that the maxim of your action can be willed as a universal law of humanity”; an act is either right or wrong based on its ability to be universalized. This belief is part of the “universal law theory” and states that to determine if an action is
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Methods of Phonological Analysis. The Main Trends in the Phoneme Theory It is generally acknowledged that the phoneme is one of the basic language units. However‚ it is described by different scholars and representatives of different linguistic schools in different ways. Before we look at the most significant theories‚ lets say a quick word on the history of phonological studies and mention the names of outstanding scholars who contributed to the understanding of this complicated language phenomenon
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THE CRITICAL EXAMINATION OF THE MAIN FEATURES OF THE RENAISANCE HUMANISM OUTLINE -BRIEF INTRODUCTION -RENAISANCE -HUMANISM -THE SIGNIF ICANT EVENTS IN THE RENAISANSE PERIOD -THE CHAMPIONS OF RENAISANCE HUMANISM -RENAISANCE HUMANISM AND THE REFORMATION -EVALUATION AND CONCLUSION BRIEF INTRODUCTION In the history of the world‚ many remarkable periods have been referred to most often due to perhaps great events that have led to a turn-around in
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