Jewish Resistance to Nazi Occupation

Emmery Cary Mr. Harvey Social Studies Research Paper 10 November 2012 Jewish Resistance From early 1930s to middle 1940s, Jews in Germany, Poland, and other parts of Europe faced discrimination from Hitler and the Nazis. They were sent to ghettos and later concentration camps and extermination camps. In the ghettos, Jews had to live in small homes and consumed small amounts of food. In addition, disease and death were rampant. Living conditions were worse in the concentration camps. In contrast to common belief, not all Jews accepted such unreasonable and unequal treatments of the Nazis.Consequently, Jews resisted in various forms. Resistance by the Jews could be as simple as planning uprisings and escapes. They disguised themselves as Aryans (non-Jewish people). They organized secret schools and religious services, hid Jewish books, and wrote diaries about life and death. The effort to preserve their traditions was a kind of spiritual resistance. (Fidhkin 8) Resistance took forms wi thout weapons. For many, attempting to carry on a semblance of â€Å"normal† life in the face of wretched conditions was resistance.David Altshuler writes in Hitler’s War against the Jews about life in the ghettos, which sustained Jewish culture in the midst of hopelessness and despair. (Grobman) Underground newspapers were printed and distributed at great risk to those who participated. Praying was against the rules, but synagogue services occurred with regularity. The education of Jewish children was forbidden, but the ghetto communities set up schools. The observance of many Jewish rituals, including dietary laws, was severely punished by the Nazis, and many Jews took great risks to resist the Nazi edicts against these activities.Committees were organized to meet the philanthropic, religious, educational, and cultural community needs. Many of these committees defied Nazi authority. (Grobman) The Jews did not care that these actions were against the rules. They felt they needed to keep their race and religion alive and they did whatever they needed to do peacefully. Some Jews thought differently though. Many Jews thought they needed to use violence to beat the Nazis. Nazi-sponsored persecution and mass murder fueled resistance to the Germans in the Third Reich itself and throughout occupied Europe.Although Jews were the Nazis' primary victims, they too resisted Nazi oppression in a variety of ways, both collectively and as individuals. Organized armed resistance was the most forceful form of Jewish opposition to Nazi policies in German-occupied Europe. Jewish civilians offered armed resistance in over 100 ghettos in occupied Poland and the Soviet Union. Also in Eastern Europe, Jewish units fought the Germans despite minimal support and even anti-Semitic hostility from the surrounding population, thousands of Jews battled the Germans in Eastern Europe.Jews resisted when the Germans attempted to establish ghettos in a number of small towns in eas tern Poland in 1942. As the Germans liquidated the major ghettos in 1943, they met with armed Jewish resistance in Krakow (Cracow), Bialystok, Czestochowa, Bedzin, Sosnowiec, and Tarnow, as well as a major uprising in Warsaw. Between July 22 and September 12, 1942, the German authorities deported or murdered around 300,000 Jews in the Warsaw ghetto. SS and police units deported 265,000 Jews to the Treblinka killing center and 11,580 to forced-labor camps.The Germans and their auxiliaries murdered more than 10,000 Jews in the Warsaw ghetto during the deportation operations. The German authorities granted only 35,000 Jews permission to remain in the ghetto, while more than 20,000 Jews remained in the ghetto in hiding. For the at least 55,000-60,000 Jews remaining in the Warsaw ghetto, deportation seemed inevitable. In response to the deportations, on July 28, 1942, several Jewish underground organizations created an armed self-defense unit known as the Jewish Combat Organization (Zydo wska Organizacja Bojowa; ZOB).Rough estimates put the size of the ZOB at its formation at around 200 members. The Revisionist Party (right-wing Zionists known as the Betar) formed another resistance organization, the Jewish Military Union (Zydowski Zwiazek Wojskowy; ZZW). Although initially there was tension between the ZOB and the ZZW, both groups decided to work together to oppose German attempts to destroy the ghetto. At the time of the uprising, the ZOB had about 500 fighters in its ranks and the ZZW had about 250.While efforts to establish contact with the Polish military underground movement (Armia Krajowa, or Home Army) did not succeed during the summer of 1942, the ZOB established contact with the Home Army in October, and obtained a small number of weapons, mostly pistols and explosives, from Home Army contacts. In accordance with Reichsfuhrer-SS (SS chief) Heinrich Himmler's October 1942 order to liquidate the Warsaw ghetto and deport its able-bodied residents to forced la bor camps in Lublin District of the Generalgouvernement, German SS and police units tried to resume mass deportations of Jews from Warsaw on January 18, 1943.A group of Jewish fighters, armed with pistols, infiltrated a column of Jews being forced to the Umschlagplatz (transfer point) and, at a prearranged signal, broke ranks and fought their German escorts. Most of these Jewish fighters died in the battle, but the attack sufficiently disoriented the Germans to allow the Jews arranged in columns at the Umschlagplatz a chance to disperse. After seizing 5,000-6,500 ghetto residents to be deported, the Germans suspended further deportations on January 21.Encouraged by the apparent success of the resistance, which they believed may have halted deportations, members of the ghetto population began to construct subterranean bunkers and shelters in preparation for an uprising should the Germans attempt a final deportation of all remaining Jews in the reduced ghetto. The German forces intend ed to begin the operation to liquidate the Warsaw ghetto on April 19, 1943, the eve of Passover. When SS and police units entered the ghetto that morning, the streets were deserted. Nearly all of the residents of the ghetto had gone into hiding places or bunkers.The renewal of deportations was the signal for an armed uprising within the ghetto. ZOB commander Mordecai Anielewicz commanded the Jewish fighters in the Warsaw ghetto uprising. Armed with pistols, grenades (many of them homemade), and a few automatic weapons and rifles, the ZOB fighters stunned the Germans and their auxiliaries on the first day of fighting, forcing the German forces to retreat outside the ghetto wall. German commander SS General Jurgen Stroop reported losing 12 men, killed and wounded, during the first assault on the ghetto.On the third day of the uprising, Stroop's SS and police forces began razing the ghetto to the ground, building by building, to force the remaining Jews out of hiding. Jewish resistance fighters made sporadic raids from their bunkers, but the Germans systematically reduced the ghetto to rubble. The German forces killed Anielewicz and those with him in an attack on the ZOB command bunker on 18 Mila Street, which they captured on May 8. Though German forces broke the organized military resistance within days of the beginning of the uprising, individuals and small groups hid or fought the Germans for almost a month.The Germans had planned to liquidate the Warsaw ghetto in three days, but the ghetto fighters held out for more than a month. Even after the end of the uprising on May 16, 1943, individual Jews hiding out in the ruins of the ghetto continued to attack the patrols of the Germans and their auxiliaries. The Warsaw ghetto uprising was the largest, symbolically most important Jewish uprising, and the first urban uprising, in German-occupied Europe. The resistance in Warsaw inspired other uprisings in ghettos (e. g. , Bialystok and Minsk) and killing centers (Tr eblinka and Sobibor).The Jews didn’t break even after being tortured and killed by the Germans. The Jews fought the Nazis until their death. In every ghetto, in every deportation train, in every labor camp, even in the death camps, the will to resist was strong, and took many forms. The Jews were fighting with the few weapons that would be found, individual acts of defiance and protest, the courage of obtaining food and water under the threat of death, the superiority of refusing to allow the Germans their final wish to gloat over panic and despair.To die with dignity was a form of resistance. To resist the demoralizing, brutalizing force of evil, to refuse to be reduced to the level of animals, to live through the torment, to outlive the tormentors, these too were acts of resistance. Merely to give a witness of these events in testimony was, in the end, a contribution to victory. Simply to survive was a victory of the human spirit.

Hitorical Theory and Design of Le Corbusier

Notre-Dame-Du-Haut/ Le Corbusier jpg" src="https://s3-eu-west-1.amazonaws.com/aaimagestore/essays/0809992.001.jpg"/> Figure 1 â€Å"The key is light and light illuminates forms and forms have emotional power. By the drama of proportions by the drama of relationships unexpected, amazing†¦Ã¢â‚¬  Le Corbusier[ 1 ] Le Corbusier, besides named as Charles-Edouard Jeanneret-Gris, was one of the great European designers in the 20Thursdaycentury and designed legion sums of edifices across the universe although of all Le Corbusier’s spiritual work, those built, or those which remains as thoughts, the Notre-Dame-du-Haut chapel at Ronchamp is both the most well-known and the most cryptic. Its organic signifier, usage of abstract forms, and combination of coloring material, texture, visible radiation, and sound are the major factors towards the modern art of the period. The chapel manner of architecture is known as the International Style, Sculptural Style, Brutalism, and every bit good as Expressionist Modern[ 2 ]. The site is located on the upland at the top of the hill and there is an attack path which ascends from the south E, with trees giving some enclosures to the West and restricting the upland on its western side. The original site had been a popular finish for pilgrims since the thirteenth century. Ronchamp community was little, population of 200, but on the holy yearss of the pilgrim's journey it can acquire up to the 10 1000s of pilgrims and would deluge the chapel and the surrounding hill. The original chapel of Ronchamp was destroyed in a lightning fire during the 1910s and so was re-built. Then World War Two broke out, the chapel of Ronchamp was destroyed due to the German heavy weapon fires. Father Pierre Marie Alain Couturier was sent to offer Le Corbusier for the undertaking on reconstructing the chapel. Surprisingly, Le Corbusier ab initio refused the committee for this undertaking stating that he did non desire to work for a ‘dead institution’ , perchance because of the resentment that he felt about the Church’s rejection of the Basilica at La Sainte Baume. His helper Andre Wogenscky, a Gallic designer in coaction with Le Corbusier, recorded a conversation in which the Le Corbusier told Father Couturier, the Dominican priest who had such a clear influence on his ritual apprehension, that he had no right to work on the strategy and that they should happen a Catholic designer alternatively. Harmonizing to Wogenscky ; â€Å"Father Couturier explained to him that the determination to inquire Le Corbusier had been taken in full consciousness of the state of affairs, in the cognition that he was non spiritual. Finally, he said: ‘But Le Corbusier, I don’t give a darn about your non being a Catholic. What I need is a great artist†¦ you will accomplish our end far better than if we asked a Catholic designer: he would experience bound to do transcripts of ancient churches’ . Le Corbusier was brooding for a few seconds, and so he said: ‘All right, I accept.’† Andre Wogenscky[ 3 ] The first deduction of â€Å"rough† studies that Le Corbusier did, for the chapel, was to look into the skylines puting about in Ronchamp so the chapel can be fitted in the landscape. And so there are merely four skylines ; to the E, the Ballons d’Alsace ; to the South, a little vale ; to the West, the field of the Saone ; to the North, another little vale and a small town. This gives each facade of the edifice a ground to react to different attitudes: welcoming, observing, service and symbolism. However, the first study of the site was merely a few lines that summarised all of the cardinal elements of the edifice as it was so constructed such as the infinites defined by the curving walls and the form of the roof.â€Å"These characteristics, imbued as they are with a sense of malleability, are declarative of a reclamation of church architecture using architectonic agencies ( in other words, non trusting merely on the inclusion of plants of modern art ) .†[ 4 ] The roof was inspired by the crab-shell – which Le Corbusier had picked up the crab shell on the beach of Long Island in 1946 – though critics have interpreted the inclining curve as forms diverse as a nun ‘s wont or a boat. Its roof sculptural character dramatizes the power and flexibleness of the concrete to unify the organic volumes. A infinite of several centimeters between the shell of the roof and the walls provides a important entry for daytime. This type of planing the roof reflects earlier plants of Le Corbusier’s: frequently, thin piles supported a big lodging block, go forthing the land floor hollow and unfastened. â€Å" Le Corbusier raises the roof for symbolic grounds associating to the Assumption. Levitation is amazing because it denies the Torahs of gravitation. Therefore, by denying our expectations—that roofs remain affiliated to buildings—Le Corbusier signals Ronchamp’s visitants that they are present at a marvelous supernatural event. † Robert Coombs[ 5 ] Figure 2 The edifice has three towers and three doors, the one to the E for the pilgrims to entree the exterior chapel for mass folds on yearss of pilgrim's journey. The towers are made of rock masonry and are topped with cement domes. There’s another light gaps in the chapel, which are the signifier of the chapel towers. The thought of the chapel towers is influenced by the studies of the Serapeum of Hadrian’s Villa in 1911, in which the chuckhole at its terminal is dramatically illuminated with visible radiation. The towers appear in the inside as apsiss, settled the enlargements of the room. These white painted apsiss are lighted with indirect visible radiation from above shed thaumaturgy visible radiation over the curving walls. The light creates the consequence of enclosed infinite. Although the inside is non to the full illuminated, as it is, for illustration, the Jubilee Church by Richard Meier. The difference between the comparing of Notre-Dame-du-Haut and the Jubilee Church is the sum of visible radiation that pollutes the country. The Jubilee Church has both facade of north and south covered with glass panels leting the full strength of the natural visible radiation in the church whereas the Notre-Dame-du-Haut merely allows the light seaming from the spreads between the ceiling and the walls, and the familial visible radiation from the chapel towers. In footings of contrast, the Notre-Dame-du-Haut is dark, as some Gothic churches, foregrounding the drama of visible radiation and underscoring the sanctity of the infinite. Figure 3 Light is a symbol of faith so in the past architectural designs of the Gothic churches took this construct to the extreme as visible radiation is one of the most of import component of any spiritual construction and besides it gives the infinite an aeriform quality. The type of visible radiation joined with verticalness of the infinite produce an ambiance of Highness, lift and magnificence, and this method of utilizing visible radiation has influenced the other designers such as Kenzo Tange in his Tokyo Cathedral and Tadao Ando in his Church of Light, for illustration. The similarity between the Notre-Dame-du-Haut, Tokyo Cathedral and Church of Light is that they all relied on deriving the natural visible radiation, whereas the visible radiation is its supporter. Another beginning of visible radiation is from the South wall, where the visible radiation penetrates through the little ports covered with stained colored glass that cast a great trade of reflected visible radiation into the dim room and from the outside these ports seemed to be merely bantam Windowss, but inside they open up into big white ports. The form of the ports in the midst wall is cut implicitly and widen, leting the visible radiation to gently melt indoors. Thus this shows that the visible radiation is in the laterality of the inside in the chapel and the visible radiation is its faith. Figure 4 The walls around the interior act as acoustic amplifiers, particularly in the instance of the eastern outside wall that echoes the sound out over the field from the out-of-door communion table moving as the speaker unit for the standing pilgrims. Le Corbusier wrote that the signifier of the chapel was designed in order to make the ‘psycho-physiology of the feelings’ , but non to carry through the demands of faith.â€Å"As in the Basilica at La Sainte Baume, it was Le Corbusier’s purpose to make full each visitant to Ronchamp with a sense of the transforming and renewing power of harmoniousness, as manifested through coloring material, sound and signifier in the belief that it was possible to alter behavior through impacting the feelings.†[ 6 ]Sound would play a critical function in transporting a sense of harmoniousness. The Chapel’s beginning is its laterality, the music – ‘music and architecture’ in Le Corbusier’s positio n ‘being two humanistic disciplines really near in their highest manifestations’ . It was Le Corbusier’s purpose that here ; â€Å"They will be able to do unbelievable music, an incredible sound when they have twelve thousand sand people outside with amplifiers. I said to the priest, ‘you should acquire rid of the sort of music played by an old amah on an old organ – that’s out of melody – and alternatively hold music composed for the church, something new, non sad music, a loud noise, an unhallowed din’ . Le Corbusier[ 7 ] The outside of the chapel and the milieus are both united in such a manner that the landscape is called in to lend in the religious work of architecture. From a distance, the pilgrims can see the white tower lodging out of the forests and the more the pilgrims climb up the hill the more of the white walls of the chapel will be revealed and this type of path is influenced by the path to the Parthenon, a temple in Athens. Knowing the fact that Le Corbusier was brought up as a Protestant and in ulterior life adhered to no peculiar religion but Le Corbusier stated:â€Å"I have non experienced the miracle of religion but I have frequently known the miracle of unexpressible infinite, the ideal of plastic emotion†[ 8 ], transforming spiritual architecture into the material of his modern architectural vision. Shortly before the dedication in the summer of 1955, Alfred Canet, who was the secretary for the local edifice commission, wrote to Le Corbusier, stating that a little brochure was to be prepared for the gap, explicating the narrative of the edifice. He asked the designer for a statement, but the answer was indirect, inquiring Canet alternatively to make the account of the 5th volume ofOeuvre complete; â€Å"I have no more complete account to give, since the chapel will be before the really eyes of those who buy the brochure. That is better than most facile speech† . Le Corbusier[ 9 ] Ronchamp has ever troubled international architectural critics particularly Modernists and Rationalists. Its popularity and profusion of degrees of communicating merely swamp expostulations about its aberrance from Modern Movement beliefs about truth to stuffs. In his ain testimonies, Le Corbusier recognised that it was an exceeding brief:‘1950-55. Autonomy: Ronchamp. A wholly free architecture. No programme other than the jubilation of the Mass – one of the oldest of human establishments. One respectable personality was ever present – the landscape, the four skylines. They were the 1s in command†¦a pilgrim's journey topographic point on specific yearss, but besides a topographic point of pilgrim's journey for persons, coming from the four skylines, coming by auto, train and airplane.Everyone’s traveling to Ronchamp.’[ 10 ]( L.C. , Textes et Dessins pour Ronchamp ) . Charles Jencks ( an American architecture theoretician and critic ) considers t hat the Notre-Dame-du-Haut was the first edifice with the Post-Modernism manner and has caused jobs for Modernists and Positivists such as Nikolaus Pevsner ( a British historiographer of architecture ) , quoted ; â€Å"The edifice that blew apart the Modernist colony was Le Corbusier’s bantam church at Ronchamp, designed in 1950 and opened in 1955. This really first Post-Modern iconic edifice drew an iconoclastic tantrum of gunshot from every side, particularly fastidious Modernists and Positivists such as Nikolaus Pevsner. They looked on every aberrance from the right-angle as a sin.† Charles Jencks[ 11 ] The citation described the Notre-Dame-du-Haut as the edifice with no right-angles in every â€Å"corner† . Modernism architecture follows a â€Å"form follows function† and â€Å"truth to materials† impression, intending that the consequence of the design should come from its intent and that none of the stuffs should seek and be concealed as something else. Although Post-Modernism follows same doctrine but uses more cylindrical and unprompted forms opposed to purely rectangles, and horizontal/vertical lines. Within the twelvemonth of the dedication, James Stirling wrote the evasive remark sing the Modernism and Post-Modernism of the Notre-Dame-du-Haut chapel ; â€Å"It may be considered that the Ronchamp Chapel being a ‘pure look of poetry’ and the symbol of an ancient rite, should non hence be criticised by the principle of the modern motion. Remember nevertheless that it is a merchandise of Europe’s greatest designer. It is of import to see whether the edifice should act upon the class of modern architecture†¦ , and surely the signifiers which have developed from the principle of the limited political orientation of the modern motion are being mannerised and changed in a witting imperfectionism† James Stirling[ 12 ] Two months after the completion of Ronchamp in June 1955, Le Corbusier wrote letters to Alfred Canet, the cure , and Marcellin Carraud, a attorney from Vesoul and a outstanding member of the local edifice commission and the words scribed are more than the common courtesy of an designer composing to his client ; â€Å"After being off for two months I greet you and inquire if you are pleased. It seems that after all this great attempt by a batch of people things have succeeded. You are doing a base, defying a great many assaults and answering to a great many inquiries. You must hold been worried at times. However you have been one of the brave people in the escapade. I wanted to state thank you to you, for Notre-Dame-du-Haut is understanding and that of the Committee this roseola endeavor could hold come up against the obstacle† Letter from Le Corbusier to his client[ 13 ] Giving some grounds why Le Corbusier was chosen as the designer, a member of community, Father Belaud, has explained ;â€Å"Why? For the beauty of the monastery to be born of class. But above all for the significance of this beauty. It was necessary to demo that supplication and spiritual life are non bound to conventional signifiers, and that harmoniousness can be struck between them and the most modern architecture, supplying that the latter should be capable of exceeding itself.†[ 14 ] Bibliography [ 1 ] – Geoffrey H. Baker ( 1984 ) . Le Corbusier An Analysis of Form. Hong Kong: Van Nostrand Reinhold. Page 211. [ 2 ] – Bonbon. ( 2003 ) . Notre Dame Du Haut. Available: hypertext transfer protocol: //everything2.com/user/Bonbon/writeups/Notre+Dame+Du+Haut. Last accessed 10th February 2014. [ 3 ] – Flora Samuel ( 2004 ) . Le Corbusier Architect and Feminist. Great Britain: John Wiley & A ; Sons Ltd. Page 119. [ 4 ] – Arthur Ruegg ( 1999 ) . Le Corbusier. Switzerland: Birkhauser. Page 103. [ 5 ] – Bonbon. ( 2003 ) . Notre Dame Du Haut. Available: hypertext transfer protocol: //everything2.com/user/Bonbon/writeups/Notre+Dame+Du+Haut. Last accessed 10th February 2014. [ 6 ] – Flora Samuel ( 2004 ) . Le Corbusier Architect and Feminist. Great Britain: John Wiley & A ; Sons Ltd. Page 119. [ 7 ] – Flora Samuel ( 2004 ) . Le Corbusier Architect and Feminist. Great Britain: John Wiley & A ; Sons Ltd. Page 120. [ 8 ] – Le Corbusier ( 2000 ) . The Modulor. Germany: Birkhauser. Page 32. [ 9 ] – Russell Walden ( 1977 ) . The Open Hand Essays. USA: MIT. Page 300. [ 10 ] – Michael Raeburn and Victoria Wilson ( 1987 ) . Le Corbusier Architect of the Century. Great Britain: Susan Ferleger Brades with Muriel Walker. Page 249. [ 11 ] – Charles Jencks ( 2012 ) . The Story of Post-Modernism: Five Decade of the Ironic, Iconic and Critical in Architecture. Great Britain: John Wiley & A ; Sons Ltd. Page 187. [ 12 ] – James Stirling ( 1956 ) . Le Corbusier in Perspective. Available: hypertext transfer protocol: //www.arranz.net/web.arch-mag.com/5/recy/recy1t.html. Last accessed 10th February 2014. [ 13 ] – Russell Walden ( 1977 ) . The Open Hand Essays. USA: MIT. Page 301. [ 14 ] – Geoffrey H. Baker ( 1984 ) . Le Corbusier An Analysis of Form. Hong Kong: Van Nostrand Reinhold. Page 212. Illustrations [ Figure 1 ] – Notre Dame Du Haut Front Facade ( hypertext transfer protocol: //ad009cdnb.archdaily.net/wp-content/uploads/2010/10/1288287321-ronchamp-528×352.jpg ) [ Figure 2 ] – Notre Dame Du Haut Interior confronting East Wall ( hypertext transfer protocol: //www.greatbuildings.com/gbc/images/cid_1213222047_Ronchamp23.jpg ) [ Figure 3 ] – Notre Dame Du Haut Aspe ( hypertext transfer protocol: //ad009cdnb.archdaily.net/wp-content/uploads/2010/10/1288307698-ronchamp-elyullo.jpg ) [ Figure 4 ] – Notre Dame Du Haut Interior confronting South Wall ( hypertext transfer protocol: //ad009cdnb.archdaily.net/wp-content/uploads/2010/10/1288287366-ronchamp-pieter-morlion-528×352.jpg ) 1

A Comparative Analysis of Digital and Offset Printing

The advent of the traditional printing was a great reform in the business community. Although a need was always felt for a printing device which can eke the printing process of short-run four-color jobs. Before the era of the digital printing wave in shape of Indigo, Docucolor and Heidelberg, the task was a dream for every business organization as the printing with four colors at small scale was very costly and inefficient to print. With the invention of digital printing technologies the printing was revolutionized and new standards of improved printing quality in a cost-effective manner was settled.   The digital transformation wave included valuable products such as Heidelberg Quickmaster DI.   The invention of the digital press includes cost effective and production efficient products such as HP Indigo and The Xerox iGen 3, which fulfilled the long lasting needs of the businesses.Offset Printing:With the advent of the digital printing although the printing process is revolutio nized but this has not effected the importance of the traditional offset printing.   It is a speculation that the traditional offset printing will become obsolete in future but still it will take years. The importance of the traditional printing depends upon the nature of job as some printing jobs are over sized and cannot be undertaken through using a traditional press.The choice of the technology depends upon the nature and specification of the job. In order to choose the most effective and relevant technology, it is important for the management to choose right and cost effective printing solution for the business with the consultation of specialized printing consultants. (Digital Synergy, 2007)Comparison between Digital Printing and Offset Printing:With the introduction of advance array of printing devices the confusion has also increased. In order to make a choice between the digital and offset technology it is important to understand the characteristics and performance of bot h the technologies. The printing device with more suitable options related features should be chosen in order to find the most appropriate commercial printing device.Method of printing in Offset Printing:â€Å"Offset lithography is the most common high volume commercial printing technology. In offset printing, the desired print image is burned onto a plate and is then transferred (or offset) from the plate to a rubber blanket, and then to the printing surface. The lithographic process is based on the repulsion of oil and water. The image to be printed gets ink from ink rollers, while the non-printing area attracts a film of water, keeping the non-printing areas ink-free.Mechanical Steps Eliminated in Digital PrintingDigital printing eliminates many of the mechanical steps required for conventional printing, including making films and color proofs, manually stripping the pieces together and making plates.† (Pinsonnault Creative, 2007).Advantages of Digital Printing:The advanta ges of the Digital Printing technology includesShorter turnaround. Same result in case of highest and lowest no. of prints. Through digital printing the accurate numbers of prints can be produced with a least amount of wastage and least variation as compare to the Offset printing techniques.Low costs for high volume printing , although the cost per unit is much more than that of the offset printingCheaper low volume printing. While the unit cost of each piece may be higher than with offset printing, when setup costs are included digital printing provides lower per unit costs for very small print runs. Variable Data Printing is a form of customizable digital printing. Using information from a database or external file, text and graphics can be changed on each piece without stopping or slowing down the press. For example, personalized letters can be printed with a different name and address on each letter. Variable data printing is used primarily for direct marketing, customer relatio nship development and advertising. Advantages of Offset Printing:High image quality. Works on a wide range of printing surfaces including paper, wood, cloth, metal, leather, rough paper and plastic. The unit cost goes down as the quantity goes up. Quality and cost-effectiveness in high volume jobs. While today’s digital presses are close to the cost/benefit ratio of offset for high quality work, they are not yet able to compete with the volume an offset press can produce. Many modern offset presses use computer-to-plate systems as opposed to the older computer-to-film workflow, further increasing quality (Pinsonnault Creative, 2007).The one, true choice for offset digital quality:The HP indigo is specially designed in order to meet the quality and color processes demand of offset printing. The easy and instant to dry quality of the ElectroInk used in Hp indigo provides it with cutting edge as compare to other technologies. It is best suited for commercial printing, as it is r elatively cost savvy and efficient in production. The quality of printing is very eye catching and impressive and can be used to attract the customers with a demand of high quality vibrant images.The technology has raised the standard of the print quality, as the advanced pressing power of HP indigo is much more superior as compare to other competing technologies.   The ElectroInk ekes the technology with the production of image with higher resolution, sharp images and vibrant colors. The machine provides the users with the choice of optional 5 and 6-colour inking stations with the luxury of white ink and special invisible inks best suited for the corporate printing.   The Hp Indigo provides an extended array of colors as compare to other digital print technologies.Criticism:â€Å"Early incarnations of the press were prone to suffer from banding and ink adhesion problems, however with newer models these issues have been resolved and would only be seen in unusual circumstances, for example if the operator had the press incorrectly configured.Although, there is still a natural band about 100mm from the trailing edge which can only be seen when printing some colors. To help reduce the band you should adjust the 2nd transfer gap and make sure the press is well greased and lubricated.† (Wikipedia, 2007)

Rationale and Analysis for Agency Selected, Essay

Rationale and Analysis for Agency Selected, - Essay Example Currently, the agency is being administered by Julian Castro, who is the U.S. secretary of the HUD agency since 28th July, 2014. According to United States (2013), there are some Key Historical Events of the Agency since its formation in 1965. The table shown below summarizes the date an important enactment was made and its function. These are as tabulated below. The mission statement summarizes what is entailed in the HUD department with well spelt out and articulated cut outs that enable its operations. The mission is spelt out as shown in the paragraph below. The mission of the United States Agency of Housing and Urban Development is to create sustainable, strong and affordable, quality and inclusive communities homes for all. This agency is working towards ensuring that the housing market is strengthened (Senate Report, 2013). According to United States (2013), this federal agency is principally charged with the responsibility of programs dealing with national housing demands. It also ensures that the housing opportunities are fair and that the nation’s communities are developed and significantly improved. This agency was created to undertake the following functions: The agency seeks to ensure that the principal programs of the department are administered with the objective of extending assistance on matters pertinent to housing. The agency further provides assistance when it comes to national communities’ development. The agency partners with localities and different states in its quest to promote community development and housing. These partnerships ensure that service delivery is effective, fast and efficient and is done in accordance to the clearly stipulated mission and objectives. They tap the power derived from synergy. Another important function of the agency is to promote optimum contribution through mortgage lending firms and rigorous private-based homebuilding. These may be in the

Suicide and Pesticide Use among Pesticide Applicators and Their Essay

Suicide and Pesticide Use among Pesticide Applicators and Their Spouses in the Agricultural Health Study - Essay Example is associated with the exposure to the "organophosphate pesticides." Even with the many deaths associated with the use of pesticides such as OP and the chlorpyrifos, the articles sole purpose focuses centrally on how the organophosphate pesticides(OP) results to suicide among the users and their spouses in the agricultural health study (Beard, et al., 2011). As per the methodology, the article focuses on the agricultural health studys cohort (1993-1997) who provided data on the lifestyle and the demographic factors, and pesticide use and exposure at the beginning of enrollment (1993). Most of these applicators were men with women forming the most spouses. The information was recorded systematically according to the age, the location, the sex, and the health diagnostic of the cohort. The authors also assessed the rate of exposure of each individual, the statistical methods used was the "COX proportional regression model." The main reason for choosing the model was that it would show the estimated hazard ratios, another model used in the article includes the stratifying models. In the stratifying model, the categorization was in terms of using protective gear (chemical resistant gears), the number of children, and the location (Beard, et al., 2011). Under the Cox model, the researchers investigated both the applicators and their spouses combined, this is because the data gathered relating to the spouses was too little, hence could not be analyzed alone. Later the covariates associated with suicides in both age-adjusted and age-adjusted models and the unadjusted models, under this they used the "Schwarz Bayesian and the Akaike information criterions." Under the stratifying models the researchers compares the HRs using the two strata, these models included the race and the marital status. The marital status and the race categories include the individuals that had ever used pesticides and those diagnosed with diabetes. The authors results collected showed that the

Identity theft and business ethics Essay Example | Topics and Well Written Essays - 1250 words

Identity theft and business ethics - Essay Example can be of negative impact to the business and the methods that can be used to control and prevent risks that may arise from such business ethical issues. Identity theft has been identified as one of the ethical dilemmas facing many business enterprises and organizations. This refers to the invasion to the privacy of information systems by malicious persons who acquire information that is supposed to be confidential and use it for their own benefit or to cause malicious damage to the integrity of the business (Angelopoulou et al 2005 p 78). This information can be used to defraud the owner of the information or it can be availed to competitors or the press, an occurrence that can cause serious financial and integrity damage. Identity theft in itself is a crime and is punishable by law with not less than 15 years imprisonment in the US. According to statistics, the year 1995 recorded the highest number of arrests in the US amounting to approximately 95% of the total arrests which were related to identity theft (Angelopoulou et al 2005 p 77).This prompted the government to enact the Identity Theft and Assumption Deterrence Act of 1998 which was aimed at controlling the vice that was rated by the FBI as the nation’s fastest growing crime. There are various types of identity theft that include and not limited to; credit card fraud, phone fraud, document, loan and bank fraud etc (Angelopoulou et al 2005 p 80). It is therefore necessary for everyone to be aware of the various forms of identity theft so as to avoid the repercussions which may arise and also to be able to refrain from conducting activities that may expose one to the risks. This ethical dilemma has been increasing due to the various businesses incorporation and embracing of technology, which has made it easier for the criminals to conduct their operations. One way through which identity theft is being accomplished is by hacking of information systems (Angelopoulou et al 2005 p 82). Hackers are

Ethics in Public sector - USA Essay Example | Topics and Well Written Essays - 1000 words

Ethics in Public sector - USA - Essay Example Intergovernmental transfers are explicit transfers of funds from the state and Federal governments. The Federal government uses numerous different government programs to implement intergovernmental transfers. Temporary Assistance to Needy Families (TANF) and Medicaid are just a few examples of the numerous Federal government programs which provide support for local government expenditure on financial assistance to low-income households and health care. Intergovernmental transfers have a positive effect on local residents and businesses because they enable the provision of essential services. Essential services improve the welfare of residents and provide local businesses with an accommodating environment for carrying out their activities. They include public safety, sanitation, education, environmental and natural resource management, transportation, public health, economic development, and capital expenditure on infrastructure. The amount of Intergovernmental transfers allocated to various local authorities varies considerably. It is not a reliable source of revenue for local governments, and the Federal government provides intergovernmental transfers based on need and merit among the jurisdictions of local governments, as well as the national economic circumstances. ... in terms of property tax. Property taxes account for the majority portion of tax revenue collected by local governments. It may be levied on personal property or real estate. These include buildings, land, and personal improvements. Local governments mainly use revenue from property tax to fund public schools, therefore, serving to facilitate the provision of quality education. They also use it to finance the provision of social services and amenities. Property taxes levied on businesses reduce their revenue and profits. Businesses do not benefit from them because their main use is funding of public schools at the expense of improving infrastructure. Property taxes are relatively reliable as a source of revenue for local governments because they do not fluctuate significantly in response to changing economic circumstances. Local governments usually calculate it as the property’s fair market value times a tax rate times an assessment ratio, and may adjust the tax rate to mainta in steady revenue even when economic circumstances are unfavorable. Sales and gross receipts tax are the third major sources of revenue for local governments in the U.S. Local governments impose sales tax on the consumers of products produced by various businesses, whereas they levy gross receipts tax on a company’s total gross revenue. Sales and gross receipts tax are unpopular among residents and businesses respectively. This is because sales tax makes goods more expensive for consumers and gross receipts taxes reduce the income and profits of businesses. Revenue from sales and gross receipts tax vary in accordance with economic circumstances. This is because the income of businesses and the ability of residents to spend on

Compare Chartres Cathedral and Canterbury Cathedral Term Paper

Compare Chartres Cathedral and Canterbury Cathedral - Term Paper Example The Cathedral statues of the on the right hand are: The statue of Isaiah a prophet, proclaiming that â€Å"there shall come forth a rod out of the stem of Jesse, and a Branch shall grow out of his roots†7. The flowering stem was hold by him and a figure of Jesse is below the Prophet. The statue of Jeremiah signifying Passion is holding a Greek cross and we can see an attentive follower near him. The statue of Simeon holds the Child. John the Baptist is depicted as a very thin man from fasting and we can see the dragon near his feet. St. Peter represents a pope and Elijah is located the wheels of his chariot and there is a follower Elisha holding his mantle8. The date of South Portal establishment is 1224-50 and is devoted to the New Testament. The main concern of the New Testament is a human-like appearance of Jesus Christ. The sculptures of martyrs and the confessors are surrounding the Christ. The Royal Portal or the West Portal dated circa1150 is devoted to Jesus Christ and Mary. The statues decorating this portal are the statues of the royalty and themes from the Old Testament. This feature signifies an essential shift from Romanesque to Gothic: â€Å"the whimsical elongation of the figures reflects the former while the realistic and emotive faces anticipate the latter†9. The statue of Jesus Christ surrounded by the symbols of Four Evangelists depicts the Last Judgment. Both human and divine nature of Jesus Christ is depicted in the sculpture. There is a sculpture of Anne and Joachim, who struggled against infertility before the birth of Mary and this sculpture is often positioned as a potential healer of motherhood and children. The left-hand portal is devoted to the Ascension of Christ10. The right-hand portal is devoted to the themes from the... The intention of this study are Chartres Cathedral and Canterbury Cathedral as historical monuments of gothic architecture. The main features of gothic architecture are perfectly seen in these two cathedrals: intricate architectural images, perplexed structures and many other specific features reflect the specific nature of the middle ages and gothic times. The strain glass windows in Chartres Cathedral and in Canterbury Cathedral reflect the main peculiarity of Gothic architecture. Moreover, these two Cathedrals reflect the transition and mixture of Gothic and Romanesque styles in the architecture. There is a complex craft of the windows: â€Å"The rose- window is a consistent feature of the Gothic churches in the France, but not of those in Normandy; and there has been a tendency†. Large rose windows of the Cathedral are also the facts witnessing a Gothic architecture. The interior reflects the Gothic style in architecture as well. There are three parts in Chartres Cathedral interior, such as clerestory, triforium, and arcade. This fact differs from the early Gothic architecture, because in high Gothic style triforium is instead of gallery, and at clerestory, quadripartite rib-vault is instead of sexpartite rib-vault. There are four divisions in the nave of the Chartres Cathedral and the ceiling is higher than sexpartite rib-vault. Consequently, the height of Chartres Cathedral is higher than using sexpartite rib-vault. Therefore, this Cathedral is towering and it is the best evidence of the Gothic style in architecture.

Pros and Cons about Abortion Essay Example | Topics and Well Written Essays - 750 words

Pros and Cons about Abortion - Essay Example Undergoing abortion is a very difficult step to take for any woman and it takes a lot of guts to take the decision. This paper will throw light upon why women choose to abort. Abortion according to many is a very big sin, killing the unborn is an unmerciful act. The irresponsible people in the society, without thinking about the circumstances put themselves in a situation which is extremely undesirable. Everyone must act and behave responsibly to avoid a situation which is undesirable and abortion is without a doubt an undesirable situation for any human being to be in. The biggest con of abortion is that it an unmerciful act, the unborn infant does not deserve to die; there is no mistake of the infant for which the infant should be punished. "Half the percentage of women obtaining abortions is below 25." (Pros and Cons of Abortion, 6 December 2008). This is the age when the people are sexually active and it is highly immoral to involve yourself in a relation without accepting the responsibility which the relation brings with it and opting for abortion is refusing to accept the responsibility. No society appreciates women opting for abortion because it is an immoral act and the same is its biggest con "Some women use abortion as a type of birth control. They sleep with men and do not use protection and think nothing of it to go to the clinic as many as five times in their life to have an abortion. A con against abortion is the nagging thought that a woman went to a clinic, had an abortion, and thus the world was prevented from seeing the birth of the only person capable of attaining a leadership role and initiating a peace accord between warring factions in the Middle East, thus preventing decades of strife and murder. A stable home life is not a guarantee of talent, and illegitimate children have shown themselves to be very bright on occasion, Lawrence of Arabia for one." (Pros and Cons of Abortion, 10 May 2009) Abortion is a very big risk to the health of the woman who opts to undergo abortion. Miscarriages are one of the biggest risks involved when a woman opts for abortion; the biggest risk is to the life of the woman who opts for abortion. There is a high possibility of a woman losing her life when she opts to undergo abortion. Considering the same it is highly insensible to put an individual in a situation where abortion is the only solution. "Every year nearly 42 million women decide to have an abortion and about 20 million of them are forced to resort to unsafe abortion, 98% of which are in developing countries. Unsafe abortion was the cause of 66,500 deaths in 2003, representing 13% of all maternal deaths worldwide. Incidence of unsafe abortion is highest in South America and Eastern Africa whereas mortality rates due to unsafe abortion are much higher in Africa than anywhere else in the world." (Unsafe Abortion, 10 May 2009). An Insight Abortion can have a positive as well as a negative impact on the health of a woman. Women suffering from serious health problems like heart disease, kidney disease etc, have a positive impact of abortion on their health. The body has to be well prepared for childbirth, diseases weakens the body and opting for an abortion many a time helps women in avoiding further health complications. In societies where women are considered child bearing machines, opting for abortion gives them their own identity and the right to choose the fate of their unborn baby. Many women use abortion as a contraceptive, this is both good as well as bad. Good because it keeps a check on the size of the family and limits the expansion of the family, bad because it has

What are the similarities and differences between Single Loop and Essay

What are the similarities and differences between Single Loop and Double Loop Learning - Essay Example Given that single-loop learning is more applicable for immediate learning, this model is often applied in our routine and repetitive day-to-day learning (Agryris, 1999, p. 69). Double-loop learning can take place given that errors or mistakes are being corrected by modifying the organizational norms (Choo, 2002, p. 14). Unlike the double-loop learning, single-loop learning can occur in case the immediate action performed to modify or correct errors is sufficient enough to correct mistakes without having the need to challenge the validity of an existing organizational norm. In line with this, Choo (2002, p. 14) explained that the main goal of single-loop learning is to â€Å"increase organizational effectiveness without the need to change the existing norms†. Single-loop learning is similar to incremental learning in the sense that the learning of new skills happen through incremental improvement. For example: Knowing that the marketing manager does not appreciate negative outl ook with regards to achieving the sales target, the sales people should learn how to deal effectively with the sales manager by simply questioning how the sales team will be able to meet the sales quota rather than saying that the sales target is unrealistic and demanding of their time and effort. By learning how to immediately deal with the sales manager, the sales people could avoid encountering work-related problems without the need to change the existing organizational norms. Double-Loop Learning Double-loop learning is more complicated as compared to the single-loop learning. Unlike the single-loop learning, several authors explained that double-loop learning is more complicated in the sense that the use of this... Lots of theories were developed to give us a better understanding on how learning can take place and how it can be improved in the long-run.Specifically the loop learning models are among the few learning theories that could enable use have a better understanding on how learning could happ Learning can take place wherever we are. It is possible to learn from our own mistakes or mistakes of other people. Considering the usefulness of loop learning models, this report will focus on discussing the similarities and differences between single-loop and double-loop learning. Similarities and Differences between Single-Loop and Double-Loop Learning Applicable to any types of organizational learning, single-loop and double-loop learning are models that could make us have better understanding on how formal or informal learning could take place (Agryris, 1999, p. 69). According to Kelly (2008, p. 57), single-loop learning can be utilize to increase our stock knowledge and make final decision ba sed on what we already know whereas the double-loop learning is applicable in cases wherein what we have learned in the past could give us the opportunity to create further questions based on assumptions or what we understand about something.Single-loop and double-loop learning are learning models that are applicable in any business organization. As compared to the use of single-loop learning, the use of double-loop learning is more effective in solving complicated organizational problems which requires the need to change organizational goals, values, frameworks and strategies.

Disscuss the relevance of the capital asset pricing model (CAPM) to a Essay - 1

Disscuss the relevance of the capital asset pricing model (CAPM) to a company seeking to evaluate its cost of capital - Essay Example The market risk or systematic risk is the unavoidable risk brought in by the economy wide perils (Brealy et al, 2005). The CAPM’s focus is on the method of measuring systematic risk and its effect on the required return and share prices. Though it was initially evolved for investment in equity, it is also used for evaluating company investments in capital projects now (Davis & Pain, 2002). Capital Asset Pricing Model (CAPM) attempts to bring out a linkage between risk and return for the assets (Gitman,2006). The CAPM is built on the premise that well diversified investors dominate the stock market and their paramount concern being the market risk. The assumption is plausible in a situation in which large institutions and small investors can diversify at a low cost (Brealy et al, 2007). The CAPM builds on the proposition that additional risk requires a higher return. This return has two components: (1) what may be earned on a risk-free asset, such as a U.S. Treasury bill, plus (2) a premium for bearing risk. Since unsystematic risk is reduced through diversification, a stock’s risk premium is the additional return required to bear the non-diversifiable, systematic risk associated with the stock (Mayo 2007). The key input for the CAPM is therefore the excess return of the market over the risk free rate, which is the market (equity) risk premium. The practice adopted commonly has been to apply the historical average return over a long period as a measure of what investors expect to earn. As a substitute for the market portfolio, a broad equity market index is applied. Ke is the cost of equity capital, Rf is the risk free rate of return usually measured by the rate of return on US treasury securities, Rm is the market return of a diversified portfolio and I is the Beta co-efficient of the firm’s portfolio. The beta coefficient shows the volatility of the stock relative to that of an average stock. If it is 0.5, it is half as

A Person Live on 500 Rupees in a Month Essay Example for Free

A Person Live on 500 Rupees in a Month Essay Today our society become advance and the previous living standard of our life also changes. A few years ago, peoples started trade with barter system, and then a big change happened in our trade system. According to this change money took barter’s position. Now people trade their things with money except of barter system. But again a changing happen in our currency system and this time change happen in the shape of value of currency because the value of currency still fall day by day. According to this system, inflation also increases day by day. In which, let’s suppose a person who live on 500 rupees in a month is a student and if he want to do this then he must follows some guidelines. Because once there was a time when peoples thought 500 rupees is very big amount for live in a month but now a days, our society is very expensive and for this reason 500 rupees lose their previous values and if we depend on 500 for whole month then it is very difficult to spend a happy month. Now if you ready to done this job as a student then first of all reduce your all unnecessary expenses like smoking, out campus visits without any reason etc. First of all student should have to plan a budget for the whole month because we must know, which things are necessary and which are unnecessary. We should also know how much amount we are going to spend on which items and what importance of these items for us. The budget which has been planned by you should be implemented. Some of the students plan the budget but fail to implement like Pakistan Government. If you want to make a call to your friend, then please give him a miss call and wait for his call back. If he does not respond you within four to five minutes then make a call from your other nearest friend, brother or your father’s mobile. In the university, when you feel hunger and want to eat something, force your friends for party without any reason. For party, you can hide your friend’s cell phone or any other precious-valuable, important- things. If a friend forces you to give him or her party then tell him, â€Å"today I left my wallet at home, by mistake†. These suggestions are very good and helpful to spend whole month in 500 rupees. If you follow these suggestions, I’ll guaranty you that you will fulfill your requirements and may be you can save two hundred or more a month.

Developmentally Appropriate Practices For Students Education Essay

Developmentally Appropriate Practices For Students Education Essay Developmentally appropriate practices (DAP) describe an approach to education that focuses on the child as a developing human being and lifelong learner. This approach recognized the child as an active participant in the learning process; a participant who constructs meaning and knowledge through interaction with others, friends and family, materials and environment (Houser, D. Osborne, C). Developmentally appropriate practices require teachers to make decisions in the classroom by combining their knowledge of child development with an understanding of the individual child to achieve desired and meaningful outcomes (Houser, D. Osborne, C). Research shows that developmentally appropriate practices ensure success in the early grades (Novella, R.). The approach fosters active participation by the child in the learning process. In this process of learning, the teacher acts as the facilitator and guides the child through the activities of the day, in order to reach an outcome the child feels is meaningful. The NAEYC has supportive evidence that suggests that the success or failure of a child in his or her early stages in school could predict the outcome of how they perform later in school (Houser, D. Osbourne, C). This is why there is so much importance placed upon developmentally appropriate practices. Teachers need to realize that teaching methods do have an effect on how students academically develop later in life. An adaptation from the Developmentally Appropriate Practices in Early Childhood Programs, published by the NAEYC, mentions guidelines to help teachers through the DAP process. The Franklin Public Schools, in Franklin MA, made an adaption of the guideline areas, and divided them into four major areas. The areas mentioned are environment, curriculum, assessment, and instructional strategies. Since there is such an importance placed on developmentally appropriate practices, teachers can look at these four major areas to help foster positive learning and optimal development of young children. In the environment area, teachers create an engaging, and responsive environment to enhance the childs learning and development. This type of DAP is applicable to all grade levels. The classroom is supposed to enhance exploration, observation, experiment, and allow for risk taking in a safe environment. If students feel comfortable within their environment, then creative learning will occur. Curriculum planning should be based on how children learn best. For teachers to effectively employ DAP, they must have a thorough understanding about how children develop and learn, therefore, combining this knowledge with the frameworks designated by a given state, teachers should be equipped with adequate resources to help children reach his or her full potential. To optimize each childs progres s in learning, instructional strategies can be used by teachers to ensure success. An example a teacher might use as an instructional strategy would be to observe and interact with whole groups, small groups, or even individually. The benefit to instructional strategies is that it helps students to be motivated and promotes the willingness to take risks. Teachers should ask questions, make comments, and give feedback. This will help stimulate childrens thinking and learning. Assessment in a developmentally appropriate classroom is ongoing, authentic, and purposeful. The developmental needs of students are assessed, teachers adapt instruction to these needs, and the results of assessment are used to improve instruction. Development is an important aspect to how and why children learn. Children pass through several stages before becoming adults. There are four stages of growth where children learn certain things: infancy (birth to age two), early childhood (ages 3 to 8), later childhood (ages 9 to 12), and adolescence (ages 13 to 18) (Borgen, W. Norman, E.). For teachers to effectively teach and understand students, the need to identify developmental behavior is a necessity. Adolescence is the beginning of a more complex thinking process. Since this age group encompasses those from the ages of thirteen to eighteen, teens in this developmental phase experience a variety of behavioral changes. The Adolescent Assessment textbook mentions that in cognitive development, thinking changes both quantitatively and qualitatively during adolescence. Adolescents can think faster and more efficiently than children (Gumbiner, 2003, p.27). Typical cognitive behaviors that adolescent youth encounter are: developing advanced reasoning skills, developing abstract thinking skills, and developing the ability to think about thinking (Novella, R.). Advanced reasoning skills involve answering the question, what if? This skill includes thinking about multiple options and possibilities. The use of more hypothetical and logical thinking skills are used to process information. Abstract thinking is the use of thinking about things that do not actually exist. Prime examples of this type of thinking skill would be religion, faith, or trust. The development of the ability to think about thinking is a process known as meta-cognition. As defined by Websters dictionary, meta-cognition is the awareness or analysis of ones own learning or thinking process. This thinking strategy can be used to improve learning, and an example of this development strategy would be creating mnemonic devices. Cognitive development changes can affect teens in a number of ways. One affect is that teens demonstrate a heightened level of self consciousness. Teens tend to believe that everyone is as concerned with their thoughts and behaviors as they are. Teens also tend to believe that no one has ever experienced the same feelings or emotions as they have. The coined phrase drama queen comes to mind in regard to this statement. In adolescent youth, often heard phrases are, Youll never understand, or You have ruined my life. Another typical cognitive behavior in the adolescent youth is the, It cant happen to me or the, Im invincible syndrome. Teens often use this belief to make risks like drinking and driving, smoking, or other harmful and thoughtless behavioral decisions, without thinking of the consequences. Cognitive behaviors such as the tendency to become overly cause-oriented and to exhibit a justice orientation are also very present in adolescent development. An example of cause-oriented behavior would be a teen becoming vegetarian after reading about cruelty to animals. Justice oriented behavior is the ten dency of teens to point out flaws between adults words and their actions. Teens may confront their parents by saying something like, But you let Johnny (big brother) go to the prom when he was a sophomore. They see little room for error and view points are seen more in black and white, rather than gray. The adolescent youth face many social and emotional development issues. At the adolescent stage in a teens life, establishing an identity, autonomy, and achievement are important developmental components (Novella, R.). As a teenager, one of the most important tasks is trying to answer the question, Who am I? This question, however, is one that teens think about throughout the course of their adolescent years. Teens use the thoughts and opinions of others to come to their own likes and dislikes. They begin to integrate the opinions of people like their parents, other adults, and friends to come their own beliefs and values. Teens who have a secure identity know where they do, or dont fit in the world. A very important social developmental component is the ability for teens to establish autonomy. Autonomy does not mean being a loner and totally independent from others. Autonomy refers to becoming an independent person within relationships (Novella, R). This means that teens have gained the ability to make independent decisions based on what they feel is right or wrong. Autonomy is important for adolescent teens because it helps them become less emotionally dependent on parents. To become self-sufficient in society, autonomy is a necessary achievement for teens. Achievement is also an important social development behavior for teens because it helps them realize their strengths and weaknesses. Competition and success are valued attitudes in the American culture. The American culture is immensely influenced by competition. There has been a large increase in the number of reality shows produced like, American Idol and Americas Got Talent. These shows epitomize the essence of completion in American culture today. Individualism and purpose, in social cognition development, as stated in the Adolescent Assessment textbook, mentions that, moral reasoning is based on rewards and self-interest. In other words, a teenager will work hard to obtain good grades to be accepted t o a prestigious university (Gumbiner, 2003, p.27). Teens need to study their strengths and realize where their achievement preferences are, and in what areas they are willing to strive for success (Novella, R.). Every teenager is unique and will invariably experience different social and emotion development issues. There are a variety of typical behavior patterns of social behavior development. Teens begin to spend more time with their friends than their parents. Also, teens may begin to keep a journal as part of tracking ones own thought and opinions. This method helps teens work through how they feel. Teens may begin to lock their bedroom door. This is a way teens wish to establish privacy. Other behaviors include the involvement of multiple hobbies and the elusiveness about where they are going or with whom. Teens may become more argumentative, or not want to be seen with parents in public. Although teens may be more argumentative and not want to be seen in public with parental figures, they may begin to view parents more as people. Teens may start asking questions like, I wonder what my parents were like as a teen? (Novella, R.). Britannica Encyclopedia defines psychomotor learning as, development of organized patterns of muscular activities guided by signals from the environment. This type of behavior combines cognitive functions and physical movements. Learning is demonstrated by physical skills such as movement, strength, speed, etc. An example of psychomotor assessment that the Classroom Assessment textbook mentions would include testing of students keyboarding skills in computer class or students prowess in shooting a basketball in gym class (Popham, 2008, p.35). In psychomotor development, the focus is on coordinated learning from the arms, hands, feet, fingers, while verbal processes are not emphasized. For adolescent teens, behavioral examples would include driving a car, and any eye-hand coordination tasks, such as athletics, or playing musical instruments. For teachers, the cognitive, social/emotional, and psychomotor development of adolescent teenagers can have an impact on learning. It is important for teachers to know what they can do to effectively reach teenage students. It would be beneficial for teachers to be able to relate to his/her students in whatever way possible. Gaining respect from teens is an important element that can aid teachers in behavioral development. If students know you listen and care about them, you will earn their respect, and they will be more likely to share their feelings. To combat the cognitive behavior of it cant happen to me, teachers can provide opportunities for teens to participate in supervised risky behavior such as extreme sports. Lots of schools have athletic teams like wrestling, or rugby, which are intense sports. Teens tend to want to get involved with things that have deeper meanings, so encouraging students to get involved with community service activities, or other school related activit ies, like student government, can greatly benefit student behavior. Teachers can take the opportunity to discuss students view and opinions about certain topics in the news, or on television. This can help with the development of personal beliefs, and help engage students to think independently. The impact of learning that the social/emotional development can have on teens is that this is the time when teens are trying to establish themselves. Assigning activities like weekly personal reflections or discussions of current events could help teens begin to think about their own thoughts and opinions in certain topics areas. This also helps students gain confidence in discussing their beliefs in front of the class. Another useful method may be to include more group involvement. Since teens like to be with other teens, let them work on tasks together. This could encourage social and problem solving skills. It is important for teachers to take development into consideration when planning lessons and activities for the classroom. Knowing how and why students act the way they do is important to effectively reaching the classroom audience. Since adolescent teenagers are concerned with friends, image, psychomotor development tasks, such as sports, then knowing these motivational behaviors can help a teacher know how to get through to his/her students. If you have an educational objective that is pretty cut and dry, then finding a way to either incorporate kinesthetic movement, or social interaction will probably increase the likely hood that students will master that objective. At the adolescent age, teenagers are very focused on factors other than school. It would be beneficial for teachers to realize the cognitive, social/emotional, and psychomotor development behavior of teens at this age. This would allow the teacher to have a better grasp on why students behave the way they do. Teacher s can have a major impact on students during this time in their life. There are a variety of changes, both physical and non-physical that are occurring to students in the adolescent stages of development. Teens face both challenges at home and at school. A teacher can benefit by being open minded and creative in creating lesson plans. Teens at this age enjoy moving around, working in groups, and talking out loud, so incorporating these elements into projects or assessments may prove to be successful. Lastly, the importance of being a good listener will be stressed again. Students at this age have a lot going on in their lives. Having a teacher who is willing to develop a personal relationship with his/her students creates a trusting environment. A trusting environment will lead to respect; respect leads to open ears, open ears leads to mastery of knowledge, and mastery of knowledge leads to a happy classroom.

Role of Monetary Policy in Financial Crisis

Role of Monetary Policy in Financial Crisis 1. Introduction To begin with, it is noted that over the last year or so, financial institutions in the major economies have reported losses on a large scale. Some of these have become insolvent, or have had to be taken over or rescued by their governments. The 2008 Global Financial Crisis Credit Crisis has affected millions of Americans specifically and others around the World in general terms. Associated with all of that has been a massive swing in the appetite of the World financial markets for risk, and in their capacity to accept risk. Thus, the result has been a shift from an easily available credit to tight credit. This crisis which began in industrialized countries has shifted dramatically spread to emerging market and developing economies. Many wealthy investors or so have pulled their capital from countries, even those with small levels of perceived risk, and hence causing values of stocks and domestic currencies to plunge. Moreover, the crisis has now moved from containing the contagion to coping with the global recession and changing regulations to prevent a reoccurrence of such a problem. Some security and foreign policy effects of the crisis also are beginning to appear. In addition, policy proposals to change specific regulations as well as the structure of regulation and supervision at both domestically and internationally levels have been coming forth through the legislative process. As one can bear in mind, In June 2009, the Obamas administration announced its plan for regulatory reform of the U.S. financial system. For example, in Congress, numerous bills have been introduced that deal with issues such as establishing a commission or selecting a committee to investigate causes of the financial crisis, provide oversight and greater accountability of the Federal Reserve and Treasury lending activity, acting towards the problems in the housing and mortgage markets, provide funding for the International Monetary Fund, address problems with consumer credit cards and establish a systemic risk monitor. Therefore, the transmission of the crisis from the U.S. and Europe to the rest of the world came through a number of channels. The financial institutions in most emerging market economies had not been involved in practices that are seen in the institutions that populate the financial centers in the major industrial countries. To that extent, financial institutions in the emerging economies either shied away from the more exotic instruments, including such things as credit default swaps and collateralized debt obligations, or were prevented by regulation from holding or trading such instruments. Banking had to come of the most à ¢Ã¢â€š ¬Ã…“boringà ¢Ã¢â€š ¬?, old fashioned ever! (The New York Times has reported on last September 2009 about the moves to replace the bust securitized mortgage market with a similar scheme dealing in life insurance policies, products that are as distasteful as they are foolhardy). The question is, can anything be done to ensure more responsible financial practice? If we are suppose to talk about the US economy, we would notice that President Barak Obama marked the anniversary of Lehman collapse with a plea to bankers to not get complacent, telling them to get their house in order, or else face further regulation. We can indicate that over the past year, the financial male storm has battered the global information and communication technology industry, affecting profits and pushing down the industry in a manner reminiscent of the 2001 à ¢Ã¢â€š ¬Ã¢â‚¬Å" 2002 dotcom busts. It is gradually finding its feet again, but it isnt out of the woods yet. The global financial tumult has forced a number of companies to reanalyze their cost benefit analysis, ensure efficiency and improve productivity. Companies in sectors such as telecom and finance have already realized the need of IT outsourcing as a solution in the changed market dynamics. Therefore, this research paper provides a review of how the financial crisis has affected many regions of the world, proposals for a regulatory change, indication about the role of Monetary Policy the level of Political Economics that have been intervening in the Financial Crisis. It also identifies some basic challenges facing the globe suggests possible solutions for the Banking Field to overcome the crisis. 2. Literature Review The financial crisis was triggered by the bursting of a credit-fuelled bubble. Regulation and regulators did not cause this fatal bubble, but they did indirectly help it to grow by fostering the illusion of financial security. Many developing country economies are yet growing strongly, though the forecasts have been downgraded in the space of few a few months. What does the turmoil mean for such developing countries? And for how much longer can growth persist? What are the channels through which the crisis could spread to and how are the effects being felt and in what cases? What is the role for development policy and what do policy-makers need to know? Brooke Masters (2009) claimed: So far, most countries are avoiding a regulatory race to the bottom à ¢Ã¢â€š ¬Ã¢â‚¬Å" if anything, they are going the other way. The UK, for example, is pressing ahead with its own liquidity rules, while the Netherlands has pushed through curbs on bankers bonuses. Even Singapore, which has long been favored by financiers for its à ¢Ã¢â€š ¬Ã…“light-touchà ¢Ã¢â€š ¬? regulatory regime, considering tightening up its rules. However, Joshua Aizenman (2009) indicated that costly regulation can mitigate the probability of the crisis. We identify conditions where the regulation level supported by the majority is positive after the reform, but below the socially optimal level. A big portion of the financial crisis has had to do with under regulation and regulator duplicity with malefactors. If we look at the banking rules, we shall discover that allowing investment and commercial banks to merge, without a specification of a tighter capital rules, and hence, these new mega banks became overleveraged without examining their loans or the instruments that derived from the bad loans these banks made in the first place. In his writings about Liberalism Ludwig von Mises (1927) indicated that government intervention in markets would lead inevitably to unintended consequences that resulted in further government intervention. It is difficult to correct a problem when the cause of the problem is misunderstood. The presidential and vice-presidential candidates in the United States have all said that à ¢Ã¢â€š ¬Ã…“Wall Street greedà ¢Ã¢â€š ¬? has led to the financial mess we are in. On the very face of it, this does not seem likely. Even if greed leads to problems, is it possible that greed has suddenly become much greater than before? To raise an interest rate at some a time is a mistake and is likely to make a bad situation even worse. In many respects, central banks, including the Federal Reserve, have drawn heavily on important threads of monetary policy research in responding to the financial crisis. Lang Wang (2005) had explained with a binding capital requirement, the effects on bank lending supply depend on the size, the capital level, the balance sheet liquidity of banks and the capital distribution and market structure in the banking sector. In a similar context, Thorbecke (1997) finds that expansive monetary policy tends to increase ex-post stock returns. He reported that small firms tend to be affected more severely by the change in monetary policy stance. In addition, Paul Krugman (1999) indicated But when a financial disaster struck Asia, the policies those countries followed in response were almost exactly the reverse of what the United States does in the fact of a slump. Currently the traditional monetary policy of the Federal Reserve is to focus on targeting the federal funds rate, now that this rate has approached the zero-bound; it has shifted to focus on other ways to lower the cost of credit in the marketplace. Federal Reserve programs have intended to offset disruptions to interbank lending short-term credit financing. Since the credit crunch is caused by conservative lending policies during periods of financial duress and reduced profitability, one may finds that monetary policy is somehow ineffective in alleviating the credit crunch. Instead loan regulation can erase it. George Macesich (1992) argued that the poor performance of monetary policy can be attributed historically to the ease with which money has so often been made a political issue. He stated that For Monetary Policy to be credible, and thus successful, the hands of the Monetary Policy- makers are better tied than left free. Sun Ruijun and Bao Erwen (2008) have reported The in-depth development of economic globalization has made economic ties and interdependence between countries even closer, boosting the sustained growth of world economy, and benefiting many countries. The global financial crisis is more than just an economic event: It puts pressure on the geopolitical system and is driving states to change their behavior. Taking a snap shot on the GCC states, one can clearly define how largely it has been insulated from the global credit crunch because they are the proud owners of some of the worlds largest oil deposits. Much of this has been caused by massive infrastructure and development projects such as Qatars liquefied natural gas facilities, Dubais fanciful real estate explosion and Bahrains attempts to convert itself into a financial Mecca. The economic system has an effect on the political outcomes. Well-functioning financial institutions, in turn, can increase the political support for anti-corruption measures. Kira Boerner Christa Hainz (2006) argued When banks possess a perfect screening technology that allows them to deny credit to those debtors who use the money for financing an entry fee, the corrupt officials will still borrow from their relatives. However, compared to the case without financial institutions, the interest of corrupt officials and relatives in corruption decreases: Both parties have the opportunity to save at a bank. In similar terms, Torsten Persson (2000) had explained Economic policy is the equilibrium outcome of a well defined no cooperative game under preemptive assumptions about economic political behavior. At all levels, the present financial crisis requires a co-ordinate response on a global scale. The real risk to the world economy is the temptation to revert to protectionism by each individual country in order to solve their own domestic problems. 3. Research Methodology In choosing the correct research method to be used in this research paper, the survey research method by Questionnaires will be the basic research design. Each respondent will be supplied with a questionnaire titled How banks can overcome the Global Financial Crisis? The questionnaire is estimated to take no longer than 6 minutes for each reached individual regardless of the age. A survey of 68 individuals located in many counties throughout the country will provide the database for this study. The sample was selected on a probability basis from as much decision maker playing role individuals as possible in Bahrain. The questionnaire took place in Bahrain the response from the respondents took almost one week. Questionnaires were distributed randomly depending on many aspects such as: age, gender, employment condition most important of all, the level of knowledge regarding the topic under study. This research paper sampling volume totaled 68, out of which, males represented 38 and the rest 30 were for females. The original sample was 70, in which the researchers found that 2 individuals were students below the age of 18 and were unemployed. That made a quiet confusing decision to remove the two from the total sample, since at that age and being unemployed is not a truly decision maker respondent. 4. Challenges As the world look beyond the economic crisis, what are the most urgent challenges that are needed to be addressed? Gaining a proper perspective on the crisis itself is a first challenge. In recent decades, it has been demonstrated that a market which operates responsibly offers a more secure life and a best hope to people who seek a better standards of living wherever in the world they may live. This is absolutely fundamental. While it is true that the direct causes of the crisis the combustible mixture of excess leverage in both consumer and financial markets, the bank failures, the credit collapse have led to some painful consequences, it would be folly to conclude that the foundations of market economics have been irreparably damaged. A second challenge facing the Global is how to deal intelligently with the huge fiscal challenges ahead. The response of central banks and governments to the economic crisis may very well have averted a global catastrophe. However, massive fiscal obligations have been assumed by governments and this might take many years to unwind. What is needed is for countries to create and develop smart à ¢Ã¢â€š ¬Ã…“exità ¢Ã¢â€š ¬? strategies. Furthermore, as the private sector returns to some growth, this requires a determined pullback in government expenditure. Not an easy task: as we all know, the politics of unwinding government programs can be daunting. Here political courage and good public policy go hand in hand. The third challenge needs an urgent attention. It is acknowledged that the global economy is out of balance and that this is one of the reasons for the financial crisis. Massive reliance on external demand carries with it real consequences as does the excessive reliance on foreign investors to finance consumption and deficits for long periods of time. As one could realize, such imbalances can cause serious and long-lasting economic damage. There is also the challenge, or opportunity, of what to do with a countrys immense foreign exchange reserves. A Chinese think tank has come up with an exciting idea: that the reserves could be put to good use through the development of a Marshall Plan for Africa, Asia and Latin America. Such a development fund, or loan facility, would increase living standards in the targeted countries. The fifth challenge is enormously complex challenge that deserves attention. Sometimes we feel that we have loaded so many expectations onto the climate change agenda that it cannot help but fail. You would think that tackling this issue will give us infinite new sources of cleaner energy, and allow for the transfer of substantial amounts of financial and technological support to emerging economies. On the global side, No existing architecture is found to be proficient in preventing global crises from erupting. Since financial crises occur even in relatively tightly regulated economies, the likelihood that a supranational influence could prevent an international crisis from occurring is questionable. The financial crisis has been characterized as a à ¢Ã¢â€š ¬Ã…“wake-up callà ¢Ã¢â€š ¬? for investors who had put their faith confidence in. For example, credit ratings placed on securities by credit rating agencies operating under what some have referred to as à ¢Ã¢â€š ¬Ã…“wicked incentives and conflicts of interest.à ¢Ã¢â€š ¬? Moving forward to a sixth challenge, the Council on Foreign Relations explained the problem in a report on systemic regulation, as follows: One regulatory organization in each country should be responsible for overseeing the health and stability of the overall financial system. The role of the systemic regulator should include gathering, analyzing, and reporting information about significant interactions between and risks among financial institutions; designing and implementing systemically sensitive regulations, including capital requirements; and coordinating with the fiscal authorities and other government agencies in managing systemic crises. We argue that the central bank should be charged with this important new responsibility. Centers of financial activity such as New York, London, and Tokyo, race with each other and multinational firms can determine where to carry out particular financial transactions. This is to be addresses as one of the considerations in policy making. A seventh challenge is that a large financial institution that may be defined as large to fail represents the heavy arm that the world economy depends greatly on. If an institution is considered to be à ¢Ã¢â€š ¬Ã…“unsuccessful too big to fail,à ¢Ã¢â€š ¬? its bankruptcy would cause a major risk collapse to the system as a whole. Yet, if there is an implicit promise of governmental support in case of failure, the government may create a moral hazard, which is the motivation for an entity to be engaged in somewhat risky behavior, knowing that the government will rescue it if it fails. A further challenge is that the nature and size of accumulating financial and systemic risks have not been well identified by the existing micro regulation. It even didnt impose appropriate remedial actions. Even though some analysts and institutions were sounding alarms before the crisis erupted, there were hardly any regulatory tools available to handle with the increase of risk in the system as a whole or the risks being forced by other firms either in the same or different sectors. It seemed to be an insufficient response to some of these risks either by the authorities responsible for the mistake of individual financial institutions or specific market segments. A last fundamental challenge deals with the nature of regulation and supervision. Banking regulation tends to be specific and detailed and places requirements and limits on bank behavior. Federal securities regulation, however, is based primarily on disclosure. Registration with the Securities and Exchange Commission is required, but that registration does not imply that an investment is safe or secured, only that the risks have been fully disclosed! 5. Analysis Discussion When the U.S financial System falls down, it may bring major parts of the rest of the world down with it. The global financial crisis has opened the World eye on an important point: that the United States is still a major center of the financial world. Hence, Regional financial crises (such as the Asian financial crisis, Japans banking crisis or even the current Dubais Credit Crisis) can occur without seriously infecting the rest of the global financial system as does the United States economy. The reason behind, is that the United States is the main guarantor of the international financial system, the provider of dollars widely used as currency reserves and as an international intermediate for exchange, besides being a contributor to much of the financial capital that around the world seeking higher yields. The rest of the world may not appreciate it, but a financial crisis in the United States often takes on a global hue. To analyze the questionnaire, the researchers have used the SPSS program and the regression analysis in order to define some relationships that best help identify the problem under study. The descriptive statistical analyses questionnaire will be used, including calculations of sampling error, and statistical adjustments for unequal selection probabilities. Cross-classification analyses with demo-graphic, ANOVA, linear regression and T-Test is much more applied in order to explain some judgments. Since the researchers think that the gender is one of the independent variables that could test many hypothesis, three hypothesis were applied based on the dependant variable: First Hypothesis: There is no relationship between gender and understanding what is going on in the current financial news. Second Hypothesis: There is no relationship between gender and being informed about the à ¢Ã¢â€š ¬Ã…“Global Financial Crisisà ¢Ã¢â€š ¬?. Third Hypothesis: There is no relationship between gender and the decision that thinks of governments around the world should take in the financial sector towards their economies. The table below, represents the Statistical Data Analysis of the designed questionnaire: Table 1: SPSS Statistics for all questionnaire questions One-Sample Test    Question No.    Test Value = 0 Test Value = 0 N t df Sig. (2-tailed) Mean Difference 95% Confidence Interval of the Difference t df Sig. (2-tailed) Mean Difference 95% Confidence Interval of the Difference    Lower Upper Lower Upper Question_1 68 23.758 67 0 1.441 1.32 1.56 23.758 67 0 1.441 1.32 1.56 Question_2 68 17.636 67 0 4.206 3.73 4.68 17.636 67 0 4.206 3.73 4.68 Question_3 68 21.715 67 0 1.706 1.55 1.86 21.715 67 0 1.706 1.55 1.86 Question_4 68 22.401 67 0 3.868 3.52 4.21 22.401 67 0 3.868 3.52 4.21 Question_5 68 13.683 67 0 2.074 1.77 2.38 13.683 67 0 2.074 1.77 2.38 Question_6 68 8.596 67 0 2.029 1.56 2.5 8.596 67 0 2.029 1.56 2.5 Question_7 68 10.618 67 0 3.5 2.84 4.16 10.618 67 0 3.5 2.84 4.16 Question_8 68 17.868 67 0 2.191 1.95 2.44 17.868 67 0 2.191 1.95 2.44 Question_9 68 23.953 67 0 2.676 2.45 2.9 23.953 67 0 2.676 2.45 2.9 Question_10 68 15.557 67 0 5.059 4.41 5.71 15.557 67 0 5.059 4.41 5.71 Question_11_1 68 14.691 67 0 3.529 3.05 4.01 14.691 67 0 3.529 3.05 4.01 Question_11_2 68 18.302 67 0 4.809 4.28 5.33 18.302 67 0 4.809 4.28 5.33 Question_11_3 68 21.056 67 0 5.029 4.55 5.51 21.056 67 0 5.029 4.55 5.51 Question_11_4 68 17.835 67 0 4.426 3.93 4.92 17.835 67 0 4.426 3.93 4.92 Question_11_5 68 20.978 67 0 4.897 4.43 5.36 20.978 67 0 4.897 4.43 5.36 Question_12 68 16.241 67 0 2.735 2.4 3.07 16.241 67 0 2.735 2.4 3.07 Question_13 68 14.707 67 0 2.676 2.31 3.04 14.707 67 0 2.676 2.31 3.04 Question_14 68 26.329 67 0 2.765 2.56 2.97 26.329 67 0 2.765 2.56 2.97 Anova Model Sum of Squares df Mean Square F Sig. 1 Regression 4.074 1 4.074 4.173 .045a Residual 64.440 66 .976       Total 68.515 67          a. Predictors: (Constant), Question_1          b. Dependent Variable: Question_8          Coefficientsa Model Unstandardized Coefficients Standardized Coefficients t Sig. B Std. Error Beta 1 (Constant) 1.481 .368    4.025 .000 Question_1 .493 .241 .244 2.043 .045 a. Dependent Variable: Question_8          Table 2: Anova statistics coefficients relationship Q1 Q8 à ¢Ã¢â€š ¬Ã¢â‚¬Å" Hypothesis. From the Questionnaire, we have selected the relationship among the following questions. However, Gender will always be constant. Question (1): Please indicate your gender: Male Female Question (8): In general, how knowledgeable do you consider yourself to be when it comes to understanding what is going on in the current financial news? I know enough to be able to explain whats happening in the financial industry to other people. I understand enough to make sense of the detail behind the financial news stories. I just follow the headlines but my understanding of financial news is fairly vague. I dont really understand whats going on in the financial news. Question_8: On the One-Sample Test it is showed that the Significance is = 0.00 which is less than 0.05, so we reject any initial premise that the average Question_8 is not equal to 0. Since the answer to this question fell where the value of t = 17.868, positive, meaning that people have a significant understanding and knowledge about the current financial news. About 35.3 % of the answers to question 8 went in to that both, males females find themselves having enough understanding to make sense of the detail behind the financial news stories. On lower confidence levels, 29.4% find themselves confident enough to answer bitterly regarding the financial crisis. Question (9): How informed are you about the à ¢Ã¢â€š ¬Ã…“Global Financial Crisisà ¢Ã¢â€š ¬? that is said to be impacting the U.S. economy the rest of the Globe? Very informedà ¢Ã¢â€š ¬Ã¢â‚¬ I have actively sought additional information on this story. Somewhat informedà ¢Ã¢â€š ¬Ã¢â‚¬ I know a bit about it, but wouldnt be able to hold my own in a conversation about it. Informedà ¢Ã¢â€š ¬Ã¢â‚¬ Ive read/seen stories about it when Ive come across them in the news. Not informed at allà ¢Ã¢â€š ¬Ã¢â‚¬ I dont know anything about this story. Question_9: The mean for this particular sample is 2.68, which is statistically significantly different from the test value of Zero.  34 out of 68 sample volume representing almost 50% who have been really informed to have read/seen stories about the global financial crisis when coming across it in the news. The researchers find that the relationship between gender and being informed about the à ¢Ã¢â€š ¬Ã…“Global Financial Crisisà ¢Ã¢â€š ¬? is positive with (.493) and based on the t-value of (2.043) and p-value of (0.045), this relationship is statistically significant.   Hence, there is a statistically significant positive linear relationship between people gender being informed and know ledged enough about the crisis. Question (13): What role, if any, do you think that governments around the world should take in the financial sector towards their economies? Hands onà ¢Ã¢â€š ¬Ã¢â‚¬ the government should intervene whenever the financial sector is at risk. Intermediaryà ¢Ã¢â€š ¬Ã¢â‚¬ the government should act as an intermediary between concerned parties. Laissez Faireà ¢Ã¢â€š ¬Ã¢â‚¬ the government should not interfere with economic affairs beyond the minimum. Completely hands offà ¢Ã¢â€š ¬Ã¢â‚¬ the government should let Wall Street solve its problems on its own. Case by caseà ¢Ã¢â€š ¬Ã¢â‚¬ the government should take a case-by-case approach. ANOVAb Model Sum of Squares df Mean Square F Sig. 1 Regression 14.714 1 14.714 7.132 .010a Residual 136.168 66 2.063       Total 150.882 67          a. Predictors: (Constant), Question_1          b. Dependent Variable: Question_13          Coefficientsa Model Unstandardized Coefficients Standardized Coefficients t Sig. B Std. Error Beta 1 (Constant) 1.326 .535    2.480 .016 Question_1 .937 .351 .312 2.671 .010 a. Dependent Variable: Question_13          Table 3: Anova statistics coefficients relationship Q1 Q13 à ¢Ã¢â€š ¬Ã¢â‚¬Å" Hypothesis. The relationship between gender and the choice to think of the role that governments around the world should take in the financial sector towards their economies is positive (.937). Based on the t-value (2.671) and p-value (0.010), it is to be clarified that this relationship is statistically significant.   Hence, there is a statistically significant positive linear relationship. Most of the questionnaires answer to question 13 went to choose that the role of government can be best suggested as to: Hands onà ¢Ã¢â€š ¬Ã¢â‚¬ the government should intervene whenever the financial sector is at risk. Question (4) Which of the following best describes the highest level of education you have attained? Some high school High school graduate Some college College graduate Some post graduate studies Post graduate degree Question (13): What role, if any, do you think that governments around the world should take in the financial sector towards their economies? 1 Hands onà ¢Ã¢â€š ¬Ã¢â‚¬ The government should intervene whenever the financial sector is at risk.    3 1 7 1 8 2 Intermediaryà ¢Ã¢â€š ¬Ã¢â‚¬ The government should act as an intermediary between concerned parties.    2 7 3 1 2 3 Laissez Faireà ¢Ã¢â€š ¬Ã¢â‚¬ The government should not interfere with economic affairs beyond the minimum.    3 7 4 -   1 4 Completely hands offà ¢Ã¢â€š ¬Ã¢â‚¬ The government should let Wall Street solve its problems on its own.    1    2    -   5 Case by caseà ¢Ã¢â€š ¬Ã¢â‚¬ The government should take a case-by-case approach. 1 2 3 4    5 Table 4: Cross Checking Analysis between Q4 Q13. To provide a better understanding of a cross classification, the table below indicates that, most of people holding a college degree, agreed with the choice that governments should intervene whenever the financial sector is at risk and in need for its support. Therefore, we see that the Global Financial Crisis can be broken down into major phases. Although each phase has a policy focus, it seemed that until t Role of Monetary Policy in Financial Crisis Role of Monetary Policy in Financial Crisis 1. Introduction To begin with, it is noted that over the last year or so, financial institutions in the major economies have reported losses on a large scale. Some of these have become insolvent, or have had to be taken over or rescued by their governments. The 2008 Global Financial Crisis Credit Crisis has affected millions of Americans specifically and others around the World in general terms. Associated with all of that has been a massive swing in the appetite of the World financial markets for risk, and in their capacity to accept risk. Thus, the result has been a shift from an easily available credit to tight credit. This crisis which began in industrialized countries has shifted dramatically spread to emerging market and developing economies. Many wealthy investors or so have pulled their capital from countries, even those with small levels of perceived risk, and hence causing values of stocks and domestic currencies to plunge. Moreover, the crisis has now moved from containing the contagion to coping with the global recession and changing regulations to prevent a reoccurrence of such a problem. Some security and foreign policy effects of the crisis also are beginning to appear. In addition, policy proposals to change specific regulations as well as the structure of regulation and supervision at both domestically and internationally levels have been coming forth through the legislative process. As one can bear in mind, In June 2009, the Obamas administration announced its plan for regulatory reform of the U.S. financial system. For example, in Congress, numerous bills have been introduced that deal with issues such as establishing a commission or selecting a committee to investigate causes of the financial crisis, provide oversight and greater accountability of the Federal Reserve and Treasury lending activity, acting towards the problems in the housing and mortgage markets, provide funding for the International Monetary Fund, address problems with consumer credit cards and establish a systemic risk monitor. Therefore, the transmission of the crisis from the U.S. and Europe to the rest of the world came through a number of channels. The financial institutions in most emerging market economies had not been involved in practices that are seen in the institutions that populate the financial centers in the major industrial countries. To that extent, financial institutions in the emerging economies either shied away from the more exotic instruments, including such things as credit default swaps and collateralized debt obligations, or were prevented by regulation from holding or trading such instruments. Banking had to come of the most à ¢Ã¢â€š ¬Ã…“boringà ¢Ã¢â€š ¬?, old fashioned ever! (The New York Times has reported on last September 2009 about the moves to replace the bust securitized mortgage market with a similar scheme dealing in life insurance policies, products that are as distasteful as they are foolhardy). The question is, can anything be done to ensure more responsible financial practice? If we are suppose to talk about the US economy, we would notice that President Barak Obama marked the anniversary of Lehman collapse with a plea to bankers to not get complacent, telling them to get their house in order, or else face further regulation. We can indicate that over the past year, the financial male storm has battered the global information and communication technology industry, affecting profits and pushing down the industry in a manner reminiscent of the 2001 à ¢Ã¢â€š ¬Ã¢â‚¬Å" 2002 dotcom busts. It is gradually finding its feet again, but it isnt out of the woods yet. The global financial tumult has forced a number of companies to reanalyze their cost benefit analysis, ensure efficiency and improve productivity. Companies in sectors such as telecom and finance have already realized the need of IT outsourcing as a solution in the changed market dynamics. Therefore, this research paper provides a review of how the financial crisis has affected many regions of the world, proposals for a regulatory change, indication about the role of Monetary Policy the level of Political Economics that have been intervening in the Financial Crisis. It also identifies some basic challenges facing the globe suggests possible solutions for the Banking Field to overcome the crisis. 2. Literature Review The financial crisis was triggered by the bursting of a credit-fuelled bubble. Regulation and regulators did not cause this fatal bubble, but they did indirectly help it to grow by fostering the illusion of financial security. Many developing country economies are yet growing strongly, though the forecasts have been downgraded in the space of few a few months. What does the turmoil mean for such developing countries? And for how much longer can growth persist? What are the channels through which the crisis could spread to and how are the effects being felt and in what cases? What is the role for development policy and what do policy-makers need to know? Brooke Masters (2009) claimed: So far, most countries are avoiding a regulatory race to the bottom à ¢Ã¢â€š ¬Ã¢â‚¬Å" if anything, they are going the other way. The UK, for example, is pressing ahead with its own liquidity rules, while the Netherlands has pushed through curbs on bankers bonuses. Even Singapore, which has long been favored by financiers for its à ¢Ã¢â€š ¬Ã…“light-touchà ¢Ã¢â€š ¬? regulatory regime, considering tightening up its rules. However, Joshua Aizenman (2009) indicated that costly regulation can mitigate the probability of the crisis. We identify conditions where the regulation level supported by the majority is positive after the reform, but below the socially optimal level. A big portion of the financial crisis has had to do with under regulation and regulator duplicity with malefactors. If we look at the banking rules, we shall discover that allowing investment and commercial banks to merge, without a specification of a tighter capital rules, and hence, these new mega banks became overleveraged without examining their loans or the instruments that derived from the bad loans these banks made in the first place. In his writings about Liberalism Ludwig von Mises (1927) indicated that government intervention in markets would lead inevitably to unintended consequences that resulted in further government intervention. It is difficult to correct a problem when the cause of the problem is misunderstood. The presidential and vice-presidential candidates in the United States have all said that à ¢Ã¢â€š ¬Ã…“Wall Street greedà ¢Ã¢â€š ¬? has led to the financial mess we are in. On the very face of it, this does not seem likely. Even if greed leads to problems, is it possible that greed has suddenly become much greater than before? To raise an interest rate at some a time is a mistake and is likely to make a bad situation even worse. In many respects, central banks, including the Federal Reserve, have drawn heavily on important threads of monetary policy research in responding to the financial crisis. Lang Wang (2005) had explained with a binding capital requirement, the effects on bank lending supply depend on the size, the capital level, the balance sheet liquidity of banks and the capital distribution and market structure in the banking sector. In a similar context, Thorbecke (1997) finds that expansive monetary policy tends to increase ex-post stock returns. He reported that small firms tend to be affected more severely by the change in monetary policy stance. In addition, Paul Krugman (1999) indicated But when a financial disaster struck Asia, the policies those countries followed in response were almost exactly the reverse of what the United States does in the fact of a slump. Currently the traditional monetary policy of the Federal Reserve is to focus on targeting the federal funds rate, now that this rate has approached the zero-bound; it has shifted to focus on other ways to lower the cost of credit in the marketplace. Federal Reserve programs have intended to offset disruptions to interbank lending short-term credit financing. Since the credit crunch is caused by conservative lending policies during periods of financial duress and reduced profitability, one may finds that monetary policy is somehow ineffective in alleviating the credit crunch. Instead loan regulation can erase it. George Macesich (1992) argued that the poor performance of monetary policy can be attributed historically to the ease with which money has so often been made a political issue. He stated that For Monetary Policy to be credible, and thus successful, the hands of the Monetary Policy- makers are better tied than left free. Sun Ruijun and Bao Erwen (2008) have reported The in-depth development of economic globalization has made economic ties and interdependence between countries even closer, boosting the sustained growth of world economy, and benefiting many countries. The global financial crisis is more than just an economic event: It puts pressure on the geopolitical system and is driving states to change their behavior. Taking a snap shot on the GCC states, one can clearly define how largely it has been insulated from the global credit crunch because they are the proud owners of some of the worlds largest oil deposits. Much of this has been caused by massive infrastructure and development projects such as Qatars liquefied natural gas facilities, Dubais fanciful real estate explosion and Bahrains attempts to convert itself into a financial Mecca. The economic system has an effect on the political outcomes. Well-functioning financial institutions, in turn, can increase the political support for anti-corruption measures. Kira Boerner Christa Hainz (2006) argued When banks possess a perfect screening technology that allows them to deny credit to those debtors who use the money for financing an entry fee, the corrupt officials will still borrow from their relatives. However, compared to the case without financial institutions, the interest of corrupt officials and relatives in corruption decreases: Both parties have the opportunity to save at a bank. In similar terms, Torsten Persson (2000) had explained Economic policy is the equilibrium outcome of a well defined no cooperative game under preemptive assumptions about economic political behavior. At all levels, the present financial crisis requires a co-ordinate response on a global scale. The real risk to the world economy is the temptation to revert to protectionism by each individual country in order to solve their own domestic problems. 3. Research Methodology In choosing the correct research method to be used in this research paper, the survey research method by Questionnaires will be the basic research design. Each respondent will be supplied with a questionnaire titled How banks can overcome the Global Financial Crisis? The questionnaire is estimated to take no longer than 6 minutes for each reached individual regardless of the age. A survey of 68 individuals located in many counties throughout the country will provide the database for this study. The sample was selected on a probability basis from as much decision maker playing role individuals as possible in Bahrain. The questionnaire took place in Bahrain the response from the respondents took almost one week. Questionnaires were distributed randomly depending on many aspects such as: age, gender, employment condition most important of all, the level of knowledge regarding the topic under study. This research paper sampling volume totaled 68, out of which, males represented 38 and the rest 30 were for females. The original sample was 70, in which the researchers found that 2 individuals were students below the age of 18 and were unemployed. That made a quiet confusing decision to remove the two from the total sample, since at that age and being unemployed is not a truly decision maker respondent. 4. Challenges As the world look beyond the economic crisis, what are the most urgent challenges that are needed to be addressed? Gaining a proper perspective on the crisis itself is a first challenge. In recent decades, it has been demonstrated that a market which operates responsibly offers a more secure life and a best hope to people who seek a better standards of living wherever in the world they may live. This is absolutely fundamental. While it is true that the direct causes of the crisis the combustible mixture of excess leverage in both consumer and financial markets, the bank failures, the credit collapse have led to some painful consequences, it would be folly to conclude that the foundations of market economics have been irreparably damaged. A second challenge facing the Global is how to deal intelligently with the huge fiscal challenges ahead. The response of central banks and governments to the economic crisis may very well have averted a global catastrophe. However, massive fiscal obligations have been assumed by governments and this might take many years to unwind. What is needed is for countries to create and develop smart à ¢Ã¢â€š ¬Ã…“exità ¢Ã¢â€š ¬? strategies. Furthermore, as the private sector returns to some growth, this requires a determined pullback in government expenditure. Not an easy task: as we all know, the politics of unwinding government programs can be daunting. Here political courage and good public policy go hand in hand. The third challenge needs an urgent attention. It is acknowledged that the global economy is out of balance and that this is one of the reasons for the financial crisis. Massive reliance on external demand carries with it real consequences as does the excessive reliance on foreign investors to finance consumption and deficits for long periods of time. As one could realize, such imbalances can cause serious and long-lasting economic damage. There is also the challenge, or opportunity, of what to do with a countrys immense foreign exchange reserves. A Chinese think tank has come up with an exciting idea: that the reserves could be put to good use through the development of a Marshall Plan for Africa, Asia and Latin America. Such a development fund, or loan facility, would increase living standards in the targeted countries. The fifth challenge is enormously complex challenge that deserves attention. Sometimes we feel that we have loaded so many expectations onto the climate change agenda that it cannot help but fail. You would think that tackling this issue will give us infinite new sources of cleaner energy, and allow for the transfer of substantial amounts of financial and technological support to emerging economies. On the global side, No existing architecture is found to be proficient in preventing global crises from erupting. Since financial crises occur even in relatively tightly regulated economies, the likelihood that a supranational influence could prevent an international crisis from occurring is questionable. The financial crisis has been characterized as a à ¢Ã¢â€š ¬Ã…“wake-up callà ¢Ã¢â€š ¬? for investors who had put their faith confidence in. For example, credit ratings placed on securities by credit rating agencies operating under what some have referred to as à ¢Ã¢â€š ¬Ã…“wicked incentives and conflicts of interest.à ¢Ã¢â€š ¬? Moving forward to a sixth challenge, the Council on Foreign Relations explained the problem in a report on systemic regulation, as follows: One regulatory organization in each country should be responsible for overseeing the health and stability of the overall financial system. The role of the systemic regulator should include gathering, analyzing, and reporting information about significant interactions between and risks among financial institutions; designing and implementing systemically sensitive regulations, including capital requirements; and coordinating with the fiscal authorities and other government agencies in managing systemic crises. We argue that the central bank should be charged with this important new responsibility. Centers of financial activity such as New York, London, and Tokyo, race with each other and multinational firms can determine where to carry out particular financial transactions. This is to be addresses as one of the considerations in policy making. A seventh challenge is that a large financial institution that may be defined as large to fail represents the heavy arm that the world economy depends greatly on. If an institution is considered to be à ¢Ã¢â€š ¬Ã…“unsuccessful too big to fail,à ¢Ã¢â€š ¬? its bankruptcy would cause a major risk collapse to the system as a whole. Yet, if there is an implicit promise of governmental support in case of failure, the government may create a moral hazard, which is the motivation for an entity to be engaged in somewhat risky behavior, knowing that the government will rescue it if it fails. A further challenge is that the nature and size of accumulating financial and systemic risks have not been well identified by the existing micro regulation. It even didnt impose appropriate remedial actions. Even though some analysts and institutions were sounding alarms before the crisis erupted, there were hardly any regulatory tools available to handle with the increase of risk in the system as a whole or the risks being forced by other firms either in the same or different sectors. It seemed to be an insufficient response to some of these risks either by the authorities responsible for the mistake of individual financial institutions or specific market segments. A last fundamental challenge deals with the nature of regulation and supervision. Banking regulation tends to be specific and detailed and places requirements and limits on bank behavior. Federal securities regulation, however, is based primarily on disclosure. Registration with the Securities and Exchange Commission is required, but that registration does not imply that an investment is safe or secured, only that the risks have been fully disclosed! 5. Analysis Discussion When the U.S financial System falls down, it may bring major parts of the rest of the world down with it. The global financial crisis has opened the World eye on an important point: that the United States is still a major center of the financial world. Hence, Regional financial crises (such as the Asian financial crisis, Japans banking crisis or even the current Dubais Credit Crisis) can occur without seriously infecting the rest of the global financial system as does the United States economy. The reason behind, is that the United States is the main guarantor of the international financial system, the provider of dollars widely used as currency reserves and as an international intermediate for exchange, besides being a contributor to much of the financial capital that around the world seeking higher yields. The rest of the world may not appreciate it, but a financial crisis in the United States often takes on a global hue. To analyze the questionnaire, the researchers have used the SPSS program and the regression analysis in order to define some relationships that best help identify the problem under study. The descriptive statistical analyses questionnaire will be used, including calculations of sampling error, and statistical adjustments for unequal selection probabilities. Cross-classification analyses with demo-graphic, ANOVA, linear regression and T-Test is much more applied in order to explain some judgments. Since the researchers think that the gender is one of the independent variables that could test many hypothesis, three hypothesis were applied based on the dependant variable: First Hypothesis: There is no relationship between gender and understanding what is going on in the current financial news. Second Hypothesis: There is no relationship between gender and being informed about the à ¢Ã¢â€š ¬Ã…“Global Financial Crisisà ¢Ã¢â€š ¬?. Third Hypothesis: There is no relationship between gender and the decision that thinks of governments around the world should take in the financial sector towards their economies. The table below, represents the Statistical Data Analysis of the designed questionnaire: Table 1: SPSS Statistics for all questionnaire questions One-Sample Test    Question No.    Test Value = 0 Test Value = 0 N t df Sig. (2-tailed) Mean Difference 95% Confidence Interval of the Difference t df Sig. (2-tailed) Mean Difference 95% Confidence Interval of the Difference    Lower Upper Lower Upper Question_1 68 23.758 67 0 1.441 1.32 1.56 23.758 67 0 1.441 1.32 1.56 Question_2 68 17.636 67 0 4.206 3.73 4.68 17.636 67 0 4.206 3.73 4.68 Question_3 68 21.715 67 0 1.706 1.55 1.86 21.715 67 0 1.706 1.55 1.86 Question_4 68 22.401 67 0 3.868 3.52 4.21 22.401 67 0 3.868 3.52 4.21 Question_5 68 13.683 67 0 2.074 1.77 2.38 13.683 67 0 2.074 1.77 2.38 Question_6 68 8.596 67 0 2.029 1.56 2.5 8.596 67 0 2.029 1.56 2.5 Question_7 68 10.618 67 0 3.5 2.84 4.16 10.618 67 0 3.5 2.84 4.16 Question_8 68 17.868 67 0 2.191 1.95 2.44 17.868 67 0 2.191 1.95 2.44 Question_9 68 23.953 67 0 2.676 2.45 2.9 23.953 67 0 2.676 2.45 2.9 Question_10 68 15.557 67 0 5.059 4.41 5.71 15.557 67 0 5.059 4.41 5.71 Question_11_1 68 14.691 67 0 3.529 3.05 4.01 14.691 67 0 3.529 3.05 4.01 Question_11_2 68 18.302 67 0 4.809 4.28 5.33 18.302 67 0 4.809 4.28 5.33 Question_11_3 68 21.056 67 0 5.029 4.55 5.51 21.056 67 0 5.029 4.55 5.51 Question_11_4 68 17.835 67 0 4.426 3.93 4.92 17.835 67 0 4.426 3.93 4.92 Question_11_5 68 20.978 67 0 4.897 4.43 5.36 20.978 67 0 4.897 4.43 5.36 Question_12 68 16.241 67 0 2.735 2.4 3.07 16.241 67 0 2.735 2.4 3.07 Question_13 68 14.707 67 0 2.676 2.31 3.04 14.707 67 0 2.676 2.31 3.04 Question_14 68 26.329 67 0 2.765 2.56 2.97 26.329 67 0 2.765 2.56 2.97 Anova Model Sum of Squares df Mean Square F Sig. 1 Regression 4.074 1 4.074 4.173 .045a Residual 64.440 66 .976       Total 68.515 67          a. Predictors: (Constant), Question_1          b. Dependent Variable: Question_8          Coefficientsa Model Unstandardized Coefficients Standardized Coefficients t Sig. B Std. Error Beta 1 (Constant) 1.481 .368    4.025 .000 Question_1 .493 .241 .244 2.043 .045 a. Dependent Variable: Question_8          Table 2: Anova statistics coefficients relationship Q1 Q8 à ¢Ã¢â€š ¬Ã¢â‚¬Å" Hypothesis. From the Questionnaire, we have selected the relationship among the following questions. However, Gender will always be constant. Question (1): Please indicate your gender: Male Female Question (8): In general, how knowledgeable do you consider yourself to be when it comes to understanding what is going on in the current financial news? I know enough to be able to explain whats happening in the financial industry to other people. I understand enough to make sense of the detail behind the financial news stories. I just follow the headlines but my understanding of financial news is fairly vague. I dont really understand whats going on in the financial news. Question_8: On the One-Sample Test it is showed that the Significance is = 0.00 which is less than 0.05, so we reject any initial premise that the average Question_8 is not equal to 0. Since the answer to this question fell where the value of t = 17.868, positive, meaning that people have a significant understanding and knowledge about the current financial news. About 35.3 % of the answers to question 8 went in to that both, males females find themselves having enough understanding to make sense of the detail behind the financial news stories. On lower confidence levels, 29.4% find themselves confident enough to answer bitterly regarding the financial crisis. Question (9): How informed are you about the à ¢Ã¢â€š ¬Ã…“Global Financial Crisisà ¢Ã¢â€š ¬? that is said to be impacting the U.S. economy the rest of the Globe? Very informedà ¢Ã¢â€š ¬Ã¢â‚¬ I have actively sought additional information on this story. Somewhat informedà ¢Ã¢â€š ¬Ã¢â‚¬ I know a bit about it, but wouldnt be able to hold my own in a conversation about it. Informedà ¢Ã¢â€š ¬Ã¢â‚¬ Ive read/seen stories about it when Ive come across them in the news. Not informed at allà ¢Ã¢â€š ¬Ã¢â‚¬ I dont know anything about this story. Question_9: The mean for this particular sample is 2.68, which is statistically significantly different from the test value of Zero.  34 out of 68 sample volume representing almost 50% who have been really informed to have read/seen stories about the global financial crisis when coming across it in the news. The researchers find that the relationship between gender and being informed about the à ¢Ã¢â€š ¬Ã…“Global Financial Crisisà ¢Ã¢â€š ¬? is positive with (.493) and based on the t-value of (2.043) and p-value of (0.045), this relationship is statistically significant.   Hence, there is a statistically significant positive linear relationship between people gender being informed and know ledged enough about the crisis. Question (13): What role, if any, do you think that governments around the world should take in the financial sector towards their economies? Hands onà ¢Ã¢â€š ¬Ã¢â‚¬ the government should intervene whenever the financial sector is at risk. Intermediaryà ¢Ã¢â€š ¬Ã¢â‚¬ the government should act as an intermediary between concerned parties. Laissez Faireà ¢Ã¢â€š ¬Ã¢â‚¬ the government should not interfere with economic affairs beyond the minimum. Completely hands offà ¢Ã¢â€š ¬Ã¢â‚¬ the government should let Wall Street solve its problems on its own. Case by caseà ¢Ã¢â€š ¬Ã¢â‚¬ the government should take a case-by-case approach. ANOVAb Model Sum of Squares df Mean Square F Sig. 1 Regression 14.714 1 14.714 7.132 .010a Residual 136.168 66 2.063       Total 150.882 67          a. Predictors: (Constant), Question_1          b. Dependent Variable: Question_13          Coefficientsa Model Unstandardized Coefficients Standardized Coefficients t Sig. B Std. Error Beta 1 (Constant) 1.326 .535    2.480 .016 Question_1 .937 .351 .312 2.671 .010 a. Dependent Variable: Question_13          Table 3: Anova statistics coefficients relationship Q1 Q13 à ¢Ã¢â€š ¬Ã¢â‚¬Å" Hypothesis. The relationship between gender and the choice to think of the role that governments around the world should take in the financial sector towards their economies is positive (.937). Based on the t-value (2.671) and p-value (0.010), it is to be clarified that this relationship is statistically significant.   Hence, there is a statistically significant positive linear relationship. Most of the questionnaires answer to question 13 went to choose that the role of government can be best suggested as to: Hands onà ¢Ã¢â€š ¬Ã¢â‚¬ the government should intervene whenever the financial sector is at risk. Question (4) Which of the following best describes the highest level of education you have attained? Some high school High school graduate Some college College graduate Some post graduate studies Post graduate degree Question (13): What role, if any, do you think that governments around the world should take in the financial sector towards their economies? 1 Hands onà ¢Ã¢â€š ¬Ã¢â‚¬ The government should intervene whenever the financial sector is at risk.    3 1 7 1 8 2 Intermediaryà ¢Ã¢â€š ¬Ã¢â‚¬ The government should act as an intermediary between concerned parties.    2 7 3 1 2 3 Laissez Faireà ¢Ã¢â€š ¬Ã¢â‚¬ The government should not interfere with economic affairs beyond the minimum.    3 7 4 -   1 4 Completely hands offà ¢Ã¢â€š ¬Ã¢â‚¬ The government should let Wall Street solve its problems on its own.    1    2    -   5 Case by caseà ¢Ã¢â€š ¬Ã¢â‚¬ The government should take a case-by-case approach. 1 2 3 4    5 Table 4: Cross Checking Analysis between Q4 Q13. To provide a better understanding of a cross classification, the table below indicates that, most of people holding a college degree, agreed with the choice that governments should intervene whenever the financial sector is at risk and in need for its support. Therefore, we see that the Global Financial Crisis can be broken down into major phases. Although each phase has a policy focus, it seemed that until t