German and European Banks Essay Example | Topics and Well Written Essays - 1500 words

German and European Banks - Essay Example This survey was conducted by the Centre for the Study of Financial Innovation, Johannesburg, and Pricewaterhouse Coopers. The survey identified liquidity, credit risk and credit spreads as the top three factors that pose a risk to banks. The report highlights the fact that the global financial situation has changed the importance of various risks; liquidity is now the highest risk to threaten banks. The shortage of liquidity has the power to impact the credit and derivative markets and this fear can lead to further worsening of the recessionary situation. Of the three top risks, liquidity and credit spreads had never before been considered as a risk; this is a clear indication of the changing risk scenario. The survey listing also has 'regulatory over-reaction' as the only non-financial risk in its top ten factors. This again is a clear indication that the market fears actions by politicians and regulators who will try to rectify the issue. The survey had varied opinions depending on the class of the respondent. While the bankers saw sharp variations in the credit, derivative and equity market as the most important risks, the non-banking people saw poor risk management and a liberal system of bonuses as the chief risks. The global economic crunch has affected not only the US but also Europe. Not only are the East European banks going to be affected but also the West European banks having loaned out to these banks, will be equally affected. A survey done by credit rating agency Moody's Investors Services states that Hungary and Latvia has already appealed to the IMF for a bailout; Bulgaria, Estonia, Lithuania and Romania may soon be going the same way. Some of the Western European banks were affected; UniCredit of Italy fell 7.3 percent and Societe Generale of France fell by 9.5 percent. The German Banking scenario is dominated by savings banks, cooperative banks and landesbanks, all of which are less-profit oriented than commercial banks. The market is fragmented and there is lot of competition. September 2008, saw two big mergers in the German banking sector. Commerzbank took over Dresdner Bank and Deutsche Bank took over Postbank. This was a direct reaction to other European banks entering German terrain. Banco Santander of Spain, UniCredit of Italy and 'ING of Netherland were the new entrants in the German market. UniCredit purchased Hypo Vereinsbank while Credit Mutuel of France took over Citigroup's German subsidiary. The German banks realised that size matters and the only way they could keep off European banks were through merger. The current economic crisis has led to banks writing down approximately 400 billion dollars in bad loans. Market liquidity and funding liquidity are two factors that interplay to create the funding environment. Market liquidity is said to be low when it becomes difficult to sell an asset that is when it is difficult to raise money by selling an asset. Funding liquidity is said to be high, when money to buy an asset can be easily borrowed. According to Brunnermeier and Pedersen (2008), more funding can be garnered (funding liquidity) if more assets

My Writing Improvements, Challenges, and Goals Essay - 1

My Writing Improvements, Challenges, and Goals - Essay Example I avoid repetition and redundancy. I avoid using high faluting words, but rather I use words that are simple and can easily be understood. I face several challenges in my writing. A challenge that I have to deal with is my failure to follow a specific format. I am quite confused with the APA, MLA and Harvard style. A specific problem which I encounter with regards to the different styles is the format of the in-text citations and the references. I also think that I should expand my vocabulary so as not to repeat words in a single article that I write. Another shortcoming that I have to tackle is my need to be more concise in my writing style and refrain from being overly wordy in my prose. I still find summarizing an article a challenge. I realize that I just end up copying most of the sentences in the piece that I have to summarize instead of paraphrasing them. I intend to improve my writing skills because I know that it is essential in communicating my thoughts, ideas and feelings. If I want to excel in my academic and professional life, I should try to enhance my writing prowess. I plan to read more prose and poetry, not to copy their style but to widen my knowledge on the various styles of writing. Doing so will also expand my vocabulary. Re-reading and editing my work more than twice will surely help me not to commit grammatical and spelling errors. Moreover, if I re-read my work, the sentence constructions will also be checked. I am determined to perfect my work by requesting other people to read it and asking their opinions on how I can further improve on it. One important step that I can do to improve my writing is to determine who will be the readers of my work. The profile of my readers will help me choose my paper’s tone, the words I will use and the ideas I am going to present. Furthermore, before I even start to write, I have to identify the idea I want to convey to my readers. Having a thesis statement will keep me focused on

Developing Personal Goals for Career Development

Developing Personal Goals for Career Development Abstract Planning goals is one step towards the development of a career. To achieve a goal, one must plan on how to make this happen. You just dont wake up one day and decide that this is what I want to achieve without first of all considering the ways and means of achieving that and the possible hindrances on the way. It is important to break down your goals because it is through this that that you are setting reasonable goals as well as creating a long term plan. It is also important to make a plan to achieve the goals that you have set. A goal that has been set but does not have a plan remains just that. A goal. That is why people have visions, dreams, ideas and intentions but these never happen because they have not been planned. Goal planning helps when you want to advance your career and a good goal should not necessarily be time bound. One needs to select an area of specialization as a target to your goals. In this case I have chosen Nurse Consultant as my area of specialization. This is the role which I will focus during my masters degree in a nursing program. I have expounded on the areas that I am competent in, and the potential areas that are of interest to me. I have chosen to specialize in nurse consultancy because this is a new field that is not heavily crowded. Hence there is a greater chance of getting employment and if not, I can still employ myself by opening a nurse consultancy. Introduction There is a need for people to set their own goals in life. The first step is usually setting goals that are not too high but which all in all present a challenge. This means that goals must be reasonable, attainable and achievable. One must then develop a plan on how to achieve the set goals because goals with no plans are simply fantasies. Also the goals that one sets must have a challenge. This is because what you have already achieved does not pose a challenge at all. SMAART planning methods are a necessary guide to achieving goals. SMAART goals are Specific, Measurable, Attainable, Action Oriented, Results oriented and Time-phased. This means that you should say what you want to achieve clearly and concisely, you should have a unit of measure for your goals hence they should be objective rather than subjective, should be realistic, should be written in an active rather than a passive voice, one should focus on end results and at least one should set a deadline to achieve the stat ed goals. My main goal in life is to be a fully qualified and successful nurse and work with the best institution in the country so as to help all the people regardless of their backgrounds. I plan to achieve this by completing my BSN and then after attaining a MSN. Career goal. My goal in life is to be a senior nurse in the best institutions in this country. I want to be a highly qualified nurse with an MSN.This I want to achieve by obtaining a masters degree from a nursing institution. I am aiming to attain this after completing my BSN which I will this year on June. After this I want to get a good highly paying job at the best institution in this country and it is after this that I will consider myself successful. I am a registered nurse with the National Health Service (NHS). I am currently working two jobs one as a Childrens nurse and the other one as a tutor in a small business college. Professional short term goal My professional short term goals is to better my career by attaining the BSN. When I achieve this, my career will have improved in terms of services that I will offer because I will have improved my scope of knowledge Professional long term goal. My professional long-term goal is to be the head nurse of a National hospital. This I can achieve after attaining my MSN. Personal short term goal My personal short term goal is to work just one job that is well paying because taking two jobs is becoming cumbersome on my part. Personal long term goal I want to earn more money and change my lifestyle want to have a good life and a nice car. I also want to buy a better house in a more posh and safer neighborhood also want to move away from my current home which I have rented and into a new home that I own. Needed skills The skills needed to achieve the goals I have set for myself include personal skills, social skills, and professional skills, educational and thinking skills Personal skills I need Self awareness in order to identify my own needs, attitudes, feelings, strengths and weaknesses in order to achieve my goals. I will also actively identify and utilize a wide range of all the available resources and seek other viewpoints and opinions. I will consider actively the implications of my studies on my daily activities and my job. That is why I have come up with a well developed but dynamic plan. I will consistently motivate myself and assure myself that I can make it no matter what. I will listen to other peoples opinion share with them and ask their support whenever I need it. I will work closely with my colleagues both in campus and at the job. I will make sure that I achieve my MSN so that my long term goals can be achieved. Management of time. I will need to routinely use time well and ensure that I have not wasted any time on unnecessary activities. When I enroll for my masters, I will drop one job so that may concentrate more on my studies. Milestones for achieving the goals. Short term goals After completing my BSN degree. when I start working one well paying job Long-term goals when I become the head nurse of a National hospital When I build my own house. When I move out of my neighborhood into a better high class neighborhood. Hindrances Fear-this is one of the barriers that may prevent me from achieving the goals. This may be fear of not fairing well in my BSN which may inurn inhibit me from enrolling for my MSN. I am also afraid that my application for masters may be declined. I plan to work hard to ensure that such an occurrence will not happen. Unsupportive people-I have many friends and relatives who do not have the level of education that I have. They usually discourage me a lot and tell me to stop harassing myself with books and that I have two jobs. I plan to keep them off and to those that I cannot; I will simply ignore and /or assume them. Conclusion Personal commitment and dedication will be required to achieve the above goals. I will have to work with other people closely to achieve my long term and short term goals. This is because no man is an island. I will avoid negative thinking completely and work on being optimistic and motivated. I must have a strong drive and belief that I will achieve these goals. Though I have not stated a particular deadline, I plan to attain these goals in stages and to finally achieve my long term goals within the next 5years.i will also trust in God and pray unto him to make my plans come into fulfillment. Recommendations A personal goal plan should be realistic and attainable. There is need for each and every person to write up a personal goal plan. This will help one know what he is aiming in life and also what one has achieved so far. Goals may change and therefore one need to critically think what he/she wants in life before listing down the goals. Even after there is a change in goals one should not see him/herself as a failure. In that case, one should write up new goals and aim to achieve them. Change of short term goals does not necessarily mean a change in the long-term goals.   References Chapman, A. (2007). Goal Planning Templates for Personal and Organizational Aims. Retrieved February 09 http://www.businessballs.com/goal_planning.htm Mind tools ltd (2010).Essential Skills For an Excellent Career. Retrieved 09 February http://www.mindtools.com/ Peterson, D. (2008). How To Write SMAART Goals and Objectives. Retrieved February 09 http://adulted.about.com/od/personaldevelopment/ht/smaartgoals.htm Johansen, K. (1996). The Business Focus of HRD Leaders. Paper presented at the 1996 Academy of Human Resource Development Conference held in Minneapolis in February, 1996. Legge, M. Career tools retrieved February 4, 2010 from http://www.coaching-life.co.uk/career/index.html Rouda, H. Kusy, M. (1995) Career Development.Tappi Journal.

Free King Lear Essays: The Evil Man in a Good World :: King Lear essays

King Lear: Evil Man in a Good World In the King Lear play, Shakespeare creates many conditions in which humans live in the world. The main characters in the play are used to portray Shakespeare's ideas. One of these ideas, which Shakespeare is trying to portray, is evil between the characters and in the world, which are emphasized throughout the play. The evil, created by humans, is outweighed by good in the world of King Lear. Evil was created by humans who decided to do wrong to others. Duke of Albany, said that all evil people will be justly punished (ACT V, iii, 303). Albany indicated that it is the people who caused evil and people decided to do evil, not gods. Lear believes that since Edgar is out on the heath he must have given everything to his daughters as well (ACT III, iv, 62ff). Since he believes that Edgar gave everything to evil Lear must believe that people are the cause of evil. It was Lear's daughters who decided to do wrong to Lear and it was Lear's fault in giving away all of his land. His daughters are the humans in the play, it is the humans who caused the evil and Lear believes that humans were the ones who created evil. Edgar, is another character in the play who believes that evil is caused by humans and not the gods. Edgar said, "The gods are just, and of our peasant vices make instruments to plague us" (ACT V, iii, 169). Edgar clearly says that the gods are right and it is t he people who are responsible for promoting evil in the world. It is us who make the instruments necessary for evil to spread and plague the world. In the world of King Lear many characters believe evil was caused by the people and not by the gods. Even though Humans created evil, good will always exist. After King Lear was captured he showed that even if evil exists, good will always be present. Lear speaks about love with Cordelia in the prison cell and how they will still have each other despite of the evil around them (ACT V, iii, 8). On another occasion Lear also says that despite all the evil in the world the raw nature, which is good, is still unharmed (ACT IV, IV, 90-92).

My Own Exprerience in English Language

Second language is known as the language that we learn after our mother tongue. It is the secondary option of the individual. People learn second language for multiple purposes; to communicate with people of different ethnic, to get job, to feel easy to live in strange country or environment, to learn foreign culture and lifestyle etc. As it is very important to know or speak the language of the place where we live. However, my second language –English is the most the most difficult to learn in a short period of time. The learning second language is much interesting and challenging, and also make more experience if we have good group discussion and talk with the teacher about own experience and problems. I moved to an environment that was totally different from the one I came from. I knew that this would be my biggest hurdle I would have to overcome. I sat in back of the class room and felt shy to speak with friends and teacher because I can’t frame a good sentence to express my problem. But teacher help me in each and every step of my problems that I faced. In middle of the semester, I understand more English and I started asking question regarding my problems to my teacher; the problems were solve in clear and effective way and I handle easily. I came to know while I learn English everything will be possible and easy if we keep on working with full of interest. In my experience one of the best ways to learning is writing in blog and read loudly. I am not really good writer and reader because I speak and think in Nepali. When I have a problem I talk and discuss with friends and teacher to know the correct answer and when I know the answer I keep on working on it for my experience in future. In addition, Group discussion became good source to learn lots of different idea to express the thought. I am very much sure if we give full concentration with interest on it we can definitely, learn lots of vocabulary and become a good writer and speaker. However, the teacher chosen the topic was so interesting and funny. The topic was to express my own experience and opinion towards the environment where I had grown up. It was more interesting to write in Nepali but it was so hard to express the feeling in English. I work in listening text and write down the vocabulary word which I heard in every single day. I believed that, the way of learning English language just to write and read loud. The way I make my language better is just keep on practicing lots. I realize that I am the one decide how my language will turn out in the future. The doors finally opened for me, but it took effort. Life was complicated during the transition stage when I was learning to accustom myself to a new language. Moreover, my classes were challenging in various fields like group discussions, homework, listening and writing. I studied online, extra time out of college, and finally I am feeling easy to interact with different American People, learn their culture and life styles.

Business Plan Coffee Shop

Coffee Shop for $ 50-100 thousand MARKET SITUATION Coffee boom that seized America, and then Portugal, has come to us. Is explained by the fact that the growing popularity of refreshing drink in the population, attracts more and more attention to this business. Existing Place of public may be divided into three categories: -Coffee house, so to speak, in its purest form, where the visitor suggest several varieties of coffee. – Coffee house with the addition of the â€Å"kitchen†, which attracts customers not only the coffee menu but also the possibility of a tasty and inexpensive meal.Most of the customers in set meals (lunches) and breakfast. – Coffee Shop – a bookstore, a favorite place of party intellectuals:writers, journalists and inveterate book lovers. Over coffee here it is possible read your favorite book or learn the news of the book market. Should be distinguished from the usual coffee cafe. First, Coffee Shop offers enhanced assortment number co ffee and coffee prepared on the basis of drinks. Second, this place is more democratically and offers a pleasant leisurely conversation.Therefore the future owners of such establishments need to be prepared for the fact that customers will stay long here longer than in a normal cafe. Idea, concept First, you need to pay attention to the development of of the concept the institution. This is the cornerstonewhich in many respects determines the success of coffee. In the interior fast-service places emphasis on of coffee as the primary attribute. Place your bets on impeccable service, delicious cuisine original design dishes offered, unusual interior decoration disciplined waiters and special mood.Visitors have to want to return to the coffeehouse and on. It will be a classic style. How much it costs According to experts, in order to open kofeynyuna 20-30 seats in business need to invest at least $ 50 thousand. Payback period of coffee – 1,5-3 years. Licensing documentation Pack age permits to open a coffee shop and a cafe or restaurant is no different. Need a patent for trading activities, the certificate of registration. On the â€Å"documentary† aspect of the matter will go 3-6 months. Is assumed to replan and renovation of premises.It is necessary make the reconstruction project. It is also necessary have the consent of Division for the improvement, sanitary station and firefighters. ADVERTISEMENT For promotion of coffee would need about a year in which to be active advertising support. Important area adjacent to the institution. Coffee Shop – setting more local value if it does not differ exclusive assortment. LOCATION To estimate the location of the future coffee use the the following criteria. Stream of customers.No one will argue that the center is of the city – the most profitable place for such institutions. A huge number of people who work there, just walking, can provide a comfortable existence no one coffee shop. Characteri stics of the competition. Question should be askedand which facilities are close to the coffee shop of the future? If it intersects the assortment and pricing policies with the majority of potential neighbors, it is better to think about a different area. { Because recapture clients from working and already gained popularity competitors always extremely difficult. }