Taxation Reduce the Capital Gain Tax

Question: Basically talk about quickly whether the CGT markdown affects the powerful pace of duty? Answer: It has been recommended By the Taxation authority of Australia to decrease the Capital Gain Tax (CGT) markdown rate from half to 40%[1]. The current CGT rebate rate brings about the more prominent measure of assessment payable. The Introduction of decreased markdown rate would help in burdening the drawn out additions in the single year. Then again, the new rebate rate would assist with deciding the genuine estimation of the benefits at the hour of tax assessment. What's more, the limited CGT rate would help with estimating the impact of swelling while at the same time figuring charge. All these above-talked about issues would influence the expense pace of the nation in different fields[2]. Subsequently, it tends to be said that the CGT markdown affects the successful duty rate. References Capital Gains Tax(2017) Ato.gov.au https://www.ato.gov.au/General/Capital-gains-charge/ Https://Www.Business.Unsw.Edu.Au/About-Site/Schools-Site/Taxation-Business-Law-Site/Journal%20Of%20The%20Australasian%20Tax%20Teachers%20Associati/3_Kenny_JATTA_Vol1_No2.Pdf(2017)business.unsw.edu.auttps://www.business.unsw.edu.au/About-Site/Schools-Site/Taxation-Business-Law- Site/Journal%20of%20The%20Australasian%20Tax%20Teachers%20Associati/3_Kenny_JATTA_vol1_no2.pdf Capital Gains Tax(2017) Ato.gov.au https://www.ato.gov.au/General/Capital-gains-charge/ Https://Www.Business.Unsw.Edu.Au/About-Site/Schools-Site/Taxation-Business-Law-Site/Journal%20Of%20The%20Australasian%20Tax%20Teachers%20Associati/3_Kenny_JATTA_Vol1_No2.Pdf(2017)business.unsw.edu.auhttps://www.business.unsw.edu.au/About-Site/Schools-Site/Taxation-Business-Law- Site/Journal%20of%20The%20Australasian%20Tax%20Teachers%20Associati/3_Kenny_JATTA_vol1_no2.pdf

Campaign for Women essays

Battle for Women articles From this year onwards, ladies have slowly made progress both strategically and socially. Anyway these accomplishments stopped by simply after a time of ladies' fights, battles and sufferings. After the 1870 Education Act, an expanding number of young ladies started to get formal training and this simultaneously delivered an expanding number of aggressive ladies. Ladies started to feel that it was crooked to segregate sex and it was unjustifiable to give all the priviledge to men and permit ladies themselves to be stifled simply because they are females. Ladies had the fearlessness to feel thusly for the most part since they understood that ladies were not radical animals as men have said. Through their procedure of learning and working, ladies have investigated their own way of life as an autonomous person who have the ability to comprehend and think without anyone else. In view of this, numerous ladies accepted similarly as how a few supporters of ladies' testimonial have stated, ladies are, similar to men, sound and independent people, and they are in this manner qualified for full and equivalent political rights. By the 1890s, what was known as the new lady showed up in the press as a free-suspecting and autonomous lady who can bolster her own living after advanced education. In any case, she was normally depicted despicably so as to rival men in the public eye, however for those ladies who looked for a job in the public arena past the catch of a spouse valued this picture. So the picture of a renewed person was viewed as a champion and turned into the good example of the new age of young ladies. The improvement of the monetary of the general public likewise brought more chances of work for ladies and numerous new openings, for example, the extension of office work around then opened up for them. In like manner, with the expansion in the pace of business, new types of abuse was additionally made. Especially those ladies working in the processing plants, for example, the materials business had their work... <!

The Functions of Law - Free Essay Example

Functions of Law Table of Contents The Law Concept of Functions of Law Kinds of Law to Carry Different Functions Advantages of Law Functions of Law in different perspectives Contract law Functions of Contracts Indemnity Contract Indemnity Holder Guarantee Bailment Agency Bibliography The Law The law defines the principles people live in a society. Through which we have balance in not only our society but also in our lives. Law gives the indication of what is right by making that act legal and what is wrong by making it illegal. By committing illegal acts the specific individual will be subject to the negative consequences depending upon the nature of the illegal act committed and these consequences will also be subject to time. (Clark, 1942) Hence law determines the prescribed parameters within which the humans should lead their lives. These laws may vary from country to country, region to region, state to state and area to area. Maintaining law and order is mandatory is a society to be functional and to inculcate fear into the hearts of those who commit illegal acts and they would certainly think before taking any step of being caught and facing the consequences in a strongly law abiding society or else there would had been no stable economy. Above displayed pictur es resemble the people suffering from an outlawed society that they are being deprived of their rights of for example integrity, future, security, freedom, liberty and independence. The extreme left picture demonstrates the people of Philippines being outraged at the democracy their country that it is corrupt and depriving them of their rights hence as a result they are holding a Law is of interest to all persons, not just to lawyers. Those entering the world of business will find themselves subject to numerous laws and government regulations. A basic knowledge of these laws and regulations is beneficial if not essential to anyone contemplating a successful career in the business world of today. A universal and uniform definition is difficult. The evolution of society is a dynamic nature and hence the difficulty in accepting a definition by all. One reason in defining law is the different types of purpose sought to be achieved: HORSE to a zoologist, a traveller, polo player, for som e article of food etc. There have been and will continue to be different definitions of law: ARSTOTLE (384-322 B.C.) a pledge that citizens of a state will do justice to one anotherà ¢Ã¢â€š ¬Ã¢â€ž ¢ PLATO (427-347 B.C.) believed that law was a form of social control. SIR WILLIAM BLACKSTONE (1723-1780) à ¢Ã¢â€š ¬Ã‹Å"A rule of civil conduct prescribed by the supreme power in a state, commanding what is right, and prohibiting what is wrongà ¢Ã¢â€š ¬Ã¢â€ž ¢ Generally and the most commonly accepted definition is à ¢Ã¢â€š ¬Ã…“A rule of action to which men are obliged to make their conduct comfortableà ¢Ã¢â€š ¬Ã‚ . à ¢Ã¢â€š ¬Ã…“Law is the command of the sovereign. It imposes a duty and is backed by a sanction. Command, duty and sanction are three elements of lawà ¢Ã¢â€š ¬Ã‚ . All these statements can be considered as definitions of law but they vary and all are based on: law consists of enforceable rules governing relationships among individuals and between individuals and their society. Concept of Functions of Law The concept regarding the functions of law holds a major importance. The nature of law and the disciplines associated with law are explained by it and are interpreted and applied correctly and also pinpoint the interaction of law with social institutions and norms. This helps determine which general principles correspond to which law and should either deviate or conform, and to explain the law within the normative philosophy. There are different kinds of laws and each law has its own functions some of which may involve similar objectives but all having the primary goal of equity and fairness. The four functions of law involves preventing socially undesirable behavior and also securing desirable behavior which is performed in criminal torts and law; the provision f facilities for privately enabled arrangements between individual parties, which is found in private, tort and criminal law; the provision of services and also the redistribution of goods found in legal systems; and settli ng unregulated disputes found in tribunals and courts. It also handles the indirect and secondary of the law. Secondary functions of the law include determining of the processes for changing the regulation and the law for the operation of law-applying organs. The law serves the primary functions of keeping peace, enforcing and influencing the conduct standards, the facilitation of the systematic change, also the facilitation of planning and the comprehension of the sensible expectations, the promotion of social justice, the maintaining of status quo in some aspects of the society, and lastly, providing a mechanism for compensation solutions between polar principles and positions. Object of law is to maintain law and order in the country that is police functions. Anoter view à ¢Ã¢â€š ¬Ã‹Å"limit natural libertyà ¢Ã¢â€š ¬Ã¢â€ž ¢; man is born free but is in chains everywhere.. The Hindu view, purpose of law is the welfare of the people in the world and also salvation after death. M uslim: à ¢Ã¢â€š ¬Ã‹Å"the end of law is to promote the welfare of man both individually and socially, not merely in respect of life on this earth but also life hereafter. Kinds of Law to Carry Different Functions Moral or Natural law deals with the universal rules of governance, principles of natural justice and also the divine law. Conventional law deals with the rules or regulations of voluntary organizations for example associations, clubs etc. The customary law deals with the customs, practices, traditions with historical sanction and support for example Jirga. Technical law is used in the matters of efficient conduct of business for example building laws, and laws of health. The imperative law is imposed upon men by some authority. Emphasis is put on the will and physical force of the organized political community in the imperative law. Then the laws of science and gravity are also determined. International law is the sum of laws and rules recognized by civilized in their dealings with each other. Then is finally the civil law which is the municipal law which is the domestic law of the state. Civil law has two branches. One is the common law, a branch which consists of non-criminal law. Then is the legal system or the Continental law, any of various codes or systems of the law which historically derive from Roman law. The Civil law (area) is a branch of Continental law which serves as the general part of the private law. Advantages of Law Law creates uniformity and certainty to the administration of justice. It avoids the dangers of arbitrary, biases and dishonest decisions. It establishes fixed principles to protect the administration of justice from the errors of individual judgment and laws are also more reliable than whims, wishes and desires. Laws are the only constitutional weapon to resolve disputes among individuals and parties. (Fletcher, 2000) Functions of Law in different perspectives The law is based on what is morally correct and ethical. In the historical perspective the law consists of social traditions and customs. In the Analytical perspective it is shaped by logic. In the sociological perspective it is provides a way to advance certain goals in the best interests of society. It is the set of rules created and enforced by the governing party. According to the Critical Legal Studies legal rules are unnecessary and legal disputes should be solved by using rules based on fairness. In the Economics perspective promoting the market efficiency should be the key concern of the law. (Lexiz, 2001) Contract law Keeping promises is important to a stable society. Contract law deals with, among other types of law, contract law reflects social values, interests, and expectations at a given point in time for example what kind of promises should be legally binding, what excuses are accepted for breaking promises, legally void or invalid. (Hall, 1960) Functions of Contracts No aspect of life is entirely free of contractual relationships. By this we mean for example the marriages, inheritance of assets, employment and the entire life around us is in one way or the other linked to some sort of contracts. Contract law is designed to provide stability for both buyers and sellers which means that neither the seller nor the buyer is able to take undue advantage at the expense of the other and there is proper legal proceeding in case if such a situation is created. Hence there should be equitable and fair trade between the parties or else the law will take care of it. Law is also followed in business agreements to avoid potential future problems for example in the case of giving out jobs the new recruit should be aware of the complete job description and what is be to expected to them and the employer should be aware of potential of the individual they are recruiting. Likewise in the case of carrying out business the business should be conducted by fair mean s and legally. There should be no theft, fraud or any sort of illegal activity involved in carrying out the business. (LaFave, 2000) Whether it is personal, corporate, or societal, laws are created to protect the interests of the common people. According to the textbook, Business Law: The Ethical, Global, and E-commerce Environment, 13th Edition, the most important functions of law include the following: The Peacekeeping Checking of the government power so that if reasonable expectations can realized Facilitation of expectations so that if reasonable expectations can be realized Economic growth promotion through the free competition Social justice promotion Environmental protection These functions of law protect the interests of individuals and businesses through a system of rules, enforced by governing bodies. These systems of laws include: Constitutional International Administrative Property Contract Tort Trust Criminal The roles and functions of law provide guidelines and rules for everything an individual can encounter, both professionally and socially. At the same time it also provides the individual with means with which to protect their own self or challenge the injustice. In todayà ¢Ã¢â€š ¬Ã¢â€ž ¢s world which is seemingly shrinking in size because of the continuously growing populations, without the existence of these regulations and rules the economy would experience a massive rise in the criminal actions as well as also increased atrocities. As the à ¢Ã¢â€š ¬Ã‹Å"common sense makes good lawà ¢Ã¢â€š ¬Ã¢â€ž ¢, dishonest people and the criminals do not certainly have common sense, and it is left to the governing bodies to defend not only the innocents from the criminals, but also to protect the criminal from themselves. (Boyce, 1982) Indemnity Contract Contracts also serve the function of indemnity which is an undertaking to make good monetary or other loss or damage. By which one party promises to save the other from loss caused to him by the conduct of the promisor himself, or by the conduct of any other person for example (John) contracts to indemnify (Ben) against the consequences of any proceeding which (Alison) may take against (Ben) in respect of a certain amount. (Reference.com, 2007) The person in this case (John) who gives the indemnity is called the indemnifier and the person (Ben) for whose protection it is given is called the indemnity-holder or indemnified. Scope of indemnity is restricted to those cases where there is a promise to indemnify against loss, caused by the (John) promisor himself or (Ben) by any other person. This excludes loss from accidents like fire etc. Promise of indemnity may be expressed or implied. (Gross, 1979) Indemnity Holder The person to whom the indemnity is given that is the promise acting within the scope of his authority. His rights: include entitled to claim all damages which he may have been compelled to pay. Also recover all cost reasonably covered in resisting, reducing, or ascertaining the claim. Moreover the rights also include the right to compromise a claim on best term he can and then bring an action on the contract of indemnity. (Roles And Functions Of Law In Business And Society, 2014) Guarantee Guarantee is a promise to be answerable for the debt, default or miscarriage of another. Contract of Guarantee: to perform the promise, or discharge the liability of a third person in case of his default. When a third person promises to pay debt owed by another in the event the debtor does not pay a guarantee relationship is created. Surety: Person who gives the guarantee. Principal Debtor: Person in respect of whose default the guarantee is given. Creditor: Person to whom the guarantee is given. For example John takes a loan from Ben when Alison guaranteed repayment of the loan. John is the principal debtor, Ben the creditor and Alison the surety. The function of a contract of guarantee is to enable a person to get a loan, or goods on credit or an employment. Mutual assents are an essential element of a contract of guarantee. It is not a unilateral contract. There must be an offer and acceptance. Bailment Another function of Contract is to act as Bailment. Bailment from bailer (French) meaning to deliver. Signifying a contract resulting from delivery. Bailment implies a sort of relationship in which the personal property of one person temporarily goes into the possession of another, The ownership of the articles or goods is in one person and the possession in another for example leaving a car for repair, cloth to a batailor, parcel to TCS, goods in a cold store. The delivery of goods by one person the bailor to another the bailee for some purpose, upon a contract that they shall, when purpose is accomplished, be returned or otherwise disposed of according to the direction of the person delivering it. It is formed by the delivery of personal property, without transfer of title by the bailor to the bailee usually under an agreement. Obligations and duties arise from the bailment relationship. (Mallor, 2004) Agency Since it is possible not possible for every person to do everything by itself, he allows the person to be represented in the performance of personà ¢Ã¢â€š ¬Ã¢â€ž ¢s legal acts by another and gives acts done by such representative the same effect as they would have done it by self. One of the most common, important and pervasive legal relationship is that of the agency; relationship between agent who agrees to represent or act for the other principal. The principal has the right to control the agentà ¢Ã¢â€š ¬Ã¢â€ž ¢s conduct in matters entrusted to the agent, and the agent must exercise its powers for the benefit of the principal only. The principal, by using agents, can conduct multiple business operations simultaneously in various locations for example corporate officer. (Bushman, 2007) Bibliography Roles And Functions Of Law In Business And Society. (2014). Retrieved from 123HelpMe.com: https://www.123HelpMe.com/view.asp?id=167183 Boyce, R. M. (1982). Criminal Law. A sophisticated analysis of the purpose, definition, and classification of criminal la and development of the common law, 1-46. Bushman, M. (2007). The Role and Functions of Law in Business and Society. Retrieved from https://www.associatedcontent.com/article/139783/the_role_and_functions_of_law_in_business.html Clark, C. E. (1942). Yale Law School Legal Scholarship Repository, 14. Fletcher, G. (2000). Rethinking Criminal Law. A challenging discussion of the history and philosophy of criminal law. Gross, H. (1979). A theory of criminal law. A highly sophisticated discussion of the philosophical basis of criminal law. Hall, J. (1960). A detailed discussion of the theory of criminal law and the basic elements of a crime. General Principles of Criminal Law, 1-359. LaFave, W. (2000). Criminal Law. A comprehensive purpose, classification, and common law foundation of criminal law, 1-198. Lexiz. (2001). A good introduction to the nature of criminal law and to the common law and statutes. Understanding Criminal Law, 1-32. Mallor, J. B. (2004). Business Law: The Ethical, Global, and E-commerce Environment, 13th Edition. University of Phoenix Resource. . Reference.com. (2007). Retrieved from https://www.reference.com/search?q=law

Outliers The Story Of Success - 1921 Words

n this psychological non-fiction book, Outliers: The Story of Success, by Malcolm Gladwell, he explains several different strategies and methods to achieve success. He is a firm believer in potential and opportunities; and that making the most of those opportunities is what ensures results. He focuses on time and opportunity as being significant in realizing potential, and believes in the motto â€Å"practice makes perfect† and refers to the â€Å"10,000-Hr Rule, in ensuring mastery of a skill. Gladwell discusses success, and the driving reasons behind why some people are significantly more successful than others. He also explains this by dividing the book into two parts, opportunity and legacy. Opportunity discusses how select people are fortunate enough to be born between the months of January through March, and also includes the idea that those who are already successful will have more opportunities to improve and become even more successful. The 10,000-hour rule proves t he idea that in order to become successful in a certain skill, one must have practiced that skill for at least 10,000 hours. In addition to the 10,000-hour rule, timing is also a major component that implies being in the right place at the right time, which brings the author to discuss Bill Gates who was born during the time where programming and computer technology was emerging, therefore sparking his interest in computers, later bringing him to create Microsoft. Another point Gladwell brings forth is the notionShow MoreRelatedOutliers : The Story Of Success1889 Words   |  8 Pages Outliers The Story of Success â€Å"Why do some people succeed far more than the other?†(Gladwell, 2) Since childhood, individuals are easily bought into the myth that successful people are self-made, but Malcolm Gladwell’s, a well-known author opinion differs. He argues that successful people are invariably the beneficiaries of â€Å"hidden advantages and extraordinary opportunities that allow individuals to learn and make sense of the world in ways others cannot.†(Gladwell, 19). Outlier; The Story ofRead MoreOutliers, The Story Of Success Essay1393 Words   |  6 PagesOutliers, The Story of Success In the book, Outliers, the Story of Success, Malcom Gladwell discusses â€Å"outliers† and uses many examples of success. This book expresses the many ways in which â€Å"outliers† are different from the â€Å"ordinary.† Gladwell explores the factors that influence and help people in their journeys to success. The factors expressed in this book include: their culture, family/parents, their background, and especially their personal experiences that have had major impacts on theirRead MoreOutliers : A Story Of Success1462 Words   |  6 PagesThe New Yorker. Spending time on this fast-paced journalistic endeavor and writing some out-of-the-ordinary pieces inspired Gladwell to go back to his roots, and explore the principals of psychology. In 2008, he published his third book, Outliers: A Story of Success. This novel explores the circumstances in which people are given the opportunity to be successful in their respective fields, based on their surroundings, along with personal drive, and perseverance to be the best. Gladwell wrote this novelRead MoreOutliers : The Story Of Success2057 Words   |  9 Pagessuccessful self-made people, which we know is contrary to popular beliefs. This theory was presented by Malcolm Gladwell in his book, Outliers: The Story of Success. The theory is further defined by the premise that holds that success is enabled by a person’s culture, environment, when and where they were born, and a strong work ethic. These theories and examples of success are analyzed using the textbook, Leadership: Research Findings, Practice, and Skills (2015) by Andrew DuBrin. Several examples areRead MoreOutliers: the Story of Success2176 Words   |  9 Pagesprofessional success. Suppose a child scores within the 135-140 range on an IQ test. People would assume that child will become successful in life based on their high IQ score. The question is, how are certain people able to succeed in life while others tend to struggle? Is it solely based off their intelligence or IQ? Opportunities? Race and culture? In Malcolm Gladwell’s â€Å"The Trouble with Geniuses, Part 2† and â€Å"The Ethnic Theory of Plane Crashes†, two chapters taken from his book Outliers: The Story of SuccessRead MoreOutliers : The Story Of Success By Malcolm Gladwell1308 Words   |  6 PagesThe book, Outliers: The Story of Success, expands the idea of successful people. Through each chapter, the author, Malcolm Gladwell, explains various success stories, but he counteracts the idea that people’s achievements are based on luck. Instead, he forces readers to look beyond the individual to understand how success works and outliers are made through a variety of themes. Under the heading â€Å"The Matthew Effect,† Gladwell introduces the first chapter with a scene about Gordie Howe, a talentedRead MoreSuccess And Success : Malcolm Gladwell s Outliers : The Story Of Success1843 Words   |  8 PagesWendy Villalpando Professor Dobyns English 100- CRN#10915 01 December 2015 Luck VS. Success There may be no topic that more easily divides two set of people more than when they talk about success and luck. Some of them find it easy to associate success with luck rather than hard work and talent. Many conservatives would be the one to celebrate success as an almost imminent result of talent, effort, and hard work. Liberals, on the other hand, believe that even when people who work hard and areRead MoreThe Book Outliers The Story Of Success By Joe Flom851 Words   |  4 PagesThe story of Joe Flom incorporates many aspects of the first half of the book Outliers The Story of Success. Malcolm Gladwell uses comparisons of other families with similarities of Flom’s story to demonstrate why he is successful. The story of Flom not only has what the previous chapters present but also some new concepts. At the beginning of the chapter Gladwell tells the reader about Flom’s success and then jumps backwards to explain how it occurred. He also explains why some people t hrive whileRead MoreOutliers-The Story of Success, by Malcolm Gladwell Essay1894 Words   |  8 PagesOutliers-The Story of Success is a sociological, and psychological non-fiction book, which discusses success, and the driving reasons behind why some people are significantly more successful than others. Malcolm Gladwell explains this by dividing the book into two parts, opportunity and legacy. Opportunity discusses how select people are fortunate enough to be born between the months of January through March, and also includes the idea that those who are already successful will have more opportunitiesRead MoreOutliers : Story Of Success, And The Sports Gene, By David Epstein953 Words   |  4 Pagesquestion if destiny is determined by fate or by choices we make in our life. Two authors both take their sides on this topic producing evidence to support their claim. David Epstein author of The Sports Gene and Malcolm Gladwell author of Outliers: Story of Success both make an argument on how much we control in our lives in which they take different sides. David Epstein wrote about a track and field athlete who had incredible jumping ability despite never practicing high jumping. Malcolm Gladwell

Essay on The US Involvement in The Vietnam War - 1067 Words

The Vietnam War was one of the worst wars in the United States history. The reason for the United States involvement was due to the start of communism in North Vietnam. The citizens in South Vietnam feared the control of North Vietnam and were worried that the north would take control of the south. The communist North Vietnam had support from the Soviet Union and China, making the South Vietnamese vulnerable to the north. In their time of struggle the South Vietnamese were able to receive aid from the United States. The North Vietnamese had set up a series of radar stations along bays and islands on the Gulf of Tonkin. On August 1, 1964 the U.S.S. Maddox was posted on a surveillance mission to study the North Vietnamese defenses†¦show more content†¦The destroyers found no trace of a ship. President Johnson was convinced that the destroyers Maddox and Turner Joy had been attacked by the North Vietnamese and decided that the United States must react quickly. Around midnight on August 4, 1964 American aircrafts began sixty-four sorties (one plane attacks) over North Vietnamese patrol boat bases and a major oil storage depot. During the sorties more than twenty Vietnamese vessels were destroyed, while the oil depot became an inferno of flame and smoke. The events that took place in the Gulf of Tonkin added to years of tension between the United States and North Vietnam. United States Presidents Dwight D. Eisenhower and John F. Kennedy had spent millions of dollars to aid the non-communist South Vietnamese. Before 1964 thousands of American military advisers were training and assisting the South Vietnamese army. President Lyndon B. Johnson’s decision to bomb North Vietnam put the United States in the center of the longest war in the nations history. The Vietcong (North Vietnamese) grew more aggressive after the incident at the Gulf of Tonkin. On November 1964, they attacked the American base at Bien Hoa and destroyed five B-57 jets while damaging twenty more. Since the increase of tension with the Vietcong continued, draft calls had increased substantially in the United States and American casualties were being felt across the country. On Christmas Eve 1964 the Vietcong set off a bomb in theShow MoreRelatedUS Involvement in the Vietnam War1301 Words   |  5 PagesInvolvement in the Vietnam War Over thirty years ago the Vietnam War ended, and the U.S. came back home with their tails between their legs and nothing to show for other than a high number of casualties, and a huge pile of debt. The U.S. underestimated the North Vietnamese army, and it was costly. Many believe that the Vietnam War was none of the U.S. business, but on the contrary, many believe we should have tried to stop the spread of communism. The long-lasting Vietnam War was unnecessaryRead MoreAnalysis of Different Viewpoints of US Involvement in the Vietnam War1141 Words   |  5 PagesThirty-eight years have passed and the Vietnam War is still a controversial topic. While some Americans believe that Indochina was of no strategic value to the United States, others argue that civilian leaders have undermined the war effort. My paper will help analyze the different viewpoints for U.S. involvement in Vietnam and the overall assessment of each. Almost all the sources utilized came to the consensus that the chief purpose for U.S. intervention was to stop Communism from spreading. NeverthelessRead MoreThe Nature And Consequences Of Vietnam1576 Words   |  7 PagesThe nature and consequences of US involvement in Vietnam until 1968 are categorically characterised by Economic, Social, political and military linkages with the nation on both flanks of the demilitarised zone on the 17th parallel. The consequences associated, in regards to the United States escalation of involvement in economic, social, political and military relations in both South and North Vietnam, were substantial in the sense that the United States would ultimately shape a volatile politicalRead MoreThe Vietnam War1402 Words   |  6 Pagesinstability in Vietnam from 1950 to 1975 between the communist North Vietnam and anti-communist South Vietnam during the Cold War era has led to the United States’ inevitable intervention in Vietnam. The main motivators for the United States’ incremental decision to in tervene and commitment in Vietnam can be viewed as an accumulation of socio-political, political and economic catalysts. In recognition that there were many other factors that may have contributed to the U.S’s involvement in the conflictRead MorePresident Dwight D. Eisenhower And The Vietnam War Essay1086 Words   |  5 Pagesconference [1]. In that conference, he announced his so called â€Å"Domino Theory†. It was a substantial aspect of the US involvement in the Vietnam War, involvement in terms of its military support and methods used in Vietnam. Even though it was greatly enhanced by other factors, such as the Gulf of Tonkin Incident, it was the trigger, and therefore the source of all US involvement in the Vietnam War. The main rationale of the theory was that if one country fell down to communism, all the surrounding countriesRead MoreUnited States Involvement with Vietnam Essay949 Words   |  4 PagesUnited States Involvement with Vietnam Although there are no specific, reasons as to why the USA became increasingly involved in the war, I can name many different reasons and aspects as to why they did. These reasons all link together in some way. These reasons range from long term to short term, and from financial, to political, and finally to full scale war. The origins of involvement can be traced back to the 19th century when the French had added a huge partRead MoreEssay on The War in Vietnam1662 Words   |  7 PagesThe War in Vietnam America became increasingly involved in the war in Vietnam, mainly because of the domino theory, the fear of the spread of communism. If South Vietnam fell to the communist the US feared that communism would spread throughout Asia and to neighbouring countries. The influence of the previous presidents also caused another main reason for the US to become more involved in Vietnam. But there is one underlining fact; if the ‘French had not left, AmericaRead MoreEssay on The Cold War from 1950-19801739 Words   |  7 PagesThe Cold War from 1950-1980 The period of 1950 to 1980 saw the Cold War spread from the traditional playing field of Europe to other parts of the world. However it is quite clear that the USA and the Soviet Union played only a marginal role in originating these conflicts-at the most setting up the basic framework for it to occur. Furthermore, when they did get involved they each did so to varying degrees. The USA seemed to be much more motivated and interestedRead MorePresident John F. Kennedy : A War On Poverty And The So Called Great Society1021 Words   |  5 Pagescivil rights† (Tindall and Shi 1050). His successor Johnson, committed to New Deal Democratic Liberalism, launched a War on Poverty and the so-called Great Society, a large array of social reform programs. However, since the US expanded its involvement in the Vietnam War, federal funds that were initially planned to be used for the War on Poverty, were instead used to cover the high war expenses (Tindall and Shi 1045). Many Americans lost their confidence in the liberal Democratic government and highlyRead MoreThe Tonkin Gulf Resolution on August 7 789 Words   |  4 Pagesgovernment in South Vietnam. Just like Kennedy, who was determined to pursue the fight against Communism around the globe and promising to â€Å"pay any price, bear any burden†, so was Johnson determined to accomplish his predecessor’s object ives stating: â€Å"let us continue† in Vietnam. Therefore, it is no surprise that â€Å"Johnson pledged to carry out the policies of the Kennedy administration†. Realizing the vast commitment needed to win the war Johnson searches for excuse to openly attack North Vietnam and not lose

Child Development and care

Question: Discuss about the Child Development and care. Answer: The most important part of the child development is the development of brain. The learning process in the child developed with the development of the brain. There are certain factors that are influencing for the development of the brain in a child (Kolb 2014). The important factors are like genetics, daily experiences, food and nutrition, physical activity and the responsiveness of the parents. The awareness of the parents is of high importance for the development of children. Types of Learning in Children The following stated different types of learning for uplifting the learning in children. The four factors are stated as follows: Motor Skills- This skill encompasses the movement of learning (Burke and Noumair 2015). The activities like rolling, walking, crawling and jumping are the example of the motor skills. These types of skills incorporate the use of whole part of body at a single time. The strength of the muscle and the tone are the vital areas that are been nurtured through Motor skills (Baroody and Dowker 2013). Visual Capabilities- At the time of birth most of the children are having weak visual development. They might be able to see the shape and the differentiate colors like black and white but fails to differentiate the primary colors (Westendorp et al. 2014). So, many of the children require a certain procedure for the development of the visual capabilities. The special activities like learning about the color and the shapes and looking at the pictures and recognizing it helps in the development of visual capabilities (Newman and Newman 2014). Emotional Capacity- The development of the child socially and emotionally is the identity that the children will carry throughout his life (Engestrm 2014). Competence, Hope, will are the attributes that helps in development of this skills. The special activities includes helping the child to learn responses like thank you and please, make him play with other children and helping him to make play-dates with other children (Engestrm 2014). Language- According to the report by PBS the incorporation of sign language within the child helps in the development of the motor skills (Bjorklund and Causey 2017). The other techniques like finger spelling that consisted of various types of hand positions for learning the alphabets. This skill helps in the development of the reading skill in a early age of childhood. Sign languages as well as the finger spelling helps in the delivering more clues for the learner to read. The skill of reading requires sequencing planning for development of children (Wanless and Domitrovich 2015). These two skills could be incorporated in such a way that it could be integrated with the process of reading. Special activities like singing songs, rhymes, storytelling and reading books helps in development of learning in a children. Like and Needs of a Children Children are more sensitive at this age. They might be polite and agree to some situations and are agreeable to the suggestions of adult. They need the attention from the listener and understand the way they feel and what they want. They do not want any discourage swords from the people and most importantly from the adult (Hoff 2013). Early childhood is the tremendous growth moment of any child. It is considered as the growth taking place at all the developmental area (Keenan, Evans and Crowley 2016). The growing and dependently child start developing his/her own body and starts interacting with its surrounding effectively. From birth to the three years of the age of the child, it starts developing double in his height and quadruples in his weight.6tyhue proportion of the body of the infant shifts in the case of the toddler (Crain 2015). Toddlers are more efficient in keeping their weight balanced than the infant effectively. These physical changes take palace very rapidly. Even the three year old toddler is very effective in several skills like walking, talking, sufficient hand movement for catching and throwing a ball (Chipman, Segal, and Glaser 2013). In case of the child growing three and five years continues growing rapidly and starts developing different motor skills. By the five years of age, the child starts demonstrating fairly well with the use of the colors and the pencils, crayons and scissors. Even the child starts balancing in one foot and starts developing to skip. The main growth of the child in this age takes place in the gross motor areas but the physical development stops. The cognitive development in the early childhood starts developing with the language which is accompanied the other physical changes as well. The child starts developing the sense of the cause and the main effect from the actions of their part and starts giving proper responses to the caregivers (Ghaedi, Mahdian and Fomani 2015). The child starts developing its vocabulary power between 300 to 1000 words, which they are able to use for explain their mental aspects (Kennedy et al. 2015). At the five years of the child their vocabulary increases up to 1500 words and they even can frame sentences (Dunlosky et al. 2013). The term creativity is always used for describing the behavior or the attitude of any people for creating some innovating ideas. It innovating ideas can be insubstantial or any physical object. Creativity can also be being identified mainly to the preschool children. However several researches were performed for checking the creativity of the children. Creative process in case of the preschool children can be defined as the growth of any uniqueness of any individual along with the events, materials or any circumstances that is related to the lifestyle of the children. In many cases, it is visualized as the individual is active for achieving its own potentials by any means of own ways than by applying forcefully. For being creative in nature, children must be free from any caginess or being free in the making of the novel combinations of ideas and must be free from expressing any sort of imagination or curiosity. The child centered strategies are widely accepted for the preschoolers because if these are undertaken by the teachers in teacher centered projects the child will be comfortable and will find things to accept and adopt very easily. Learning at very childhood age will make the things implanted in their knowledge and can be embedded in the brain of growing age. 1.Dismantling an old clock/radio The Creativity Potential Ranking in this case is Medium because Dismantling is with open ended creativity. It also shows the expressive behavior of the childrenTo increase the creativity potential learning, the child must start mantling of the radios that are only used for gaming purposes only, so that it can have a sharp idea on organizing its own things. 2.Threading with a mixture of two materials The Creativity Potential Ranking is Greatest because Threading helps a child to develop organization potentiality Colour and shape distinguishing is also a creativity of the child 3.Placing handcrafted animals in a natural outdoor setting The Creativity Potential Ranking is Greatest because Animals need to be in the natural outdoor and the child selected the animals to be in the outdoor environment than to be in indoor It specifically shows that the indoor is not suitable for wild animals and the child can distinguish between the wild and the domestic animals 4.Farm animals The Creativity Potential Ranking is Greatest because Farm animals are herbivores and they are placed with the trees Farm animals along with the greenery focuses on the environmental factors 5.Adding simple props to sand play The Creativity Potential Ranking is Medium because Adding simple props in the sand play shows that the child is not aware with specific objects that to be implemented in the playing with the sand Simple props will only lead the child to play but not to learn any objectivesTo increase the creativity of the child, one must start implementing different shapes, sizes with different colours in the sand play, so that the child will start recognizing those and will gain interest on the specific field of learning 6.Sorting using natural materials The Creative Potential Ranking of the child is Greatest This activity shows that the child is aware of the different shapes and sizes It also focuses that the child is concern about the colours and the utility of the natural materials as well 7.Setting up interest centre The Creative Potential Ranking is Lowest Specific learning centre was not mentioned No coloured items are usedIt could have being increased to Greatest by implementing different coloured objects and different coloured shapes. 8.Providing simple props for imaginative play The Creative Potential Ranking is Greatest Simple props while playing can help in increasing the indentifying potentials of the child It also helps the child in distinguishing different situation that may or may not takes place in his/her real life 9.Musical instruments The Creative Potential Ranking is Greatest Musical instruments help the child on learning the notes of the music It also helps in learning the music that may be implemented in his/her life10.Weaving using natural materials The Creative Potential Ranking is Greatest It will help the children to learn to make different shapes It will also help the child to learn different objects with its creativity 11.Paint/blowing through a straw The Creative Potential Ranking is Greatest It can help the child to learn different type of painting It also helps the student to identify different colours 12.Presenting pattern making materials on a velvet mat The Creative Potential Ranking is Greatest It helps the child to make different types of pattern with shapes It also helps the child in learning of the presentation as well 13.Clay work The Creative Potential Ranking is Medium It helps the child to make different shapes with the use of clay It also helps the child for taking responsibility and presentation 14.Exploring artists and their styles The Creative Potential Ranking is Medium It helps the child for knowing different artists Helps in analyzing different styles of the renowned personalities and their paintingsIt could develop to Greatest if the student is allowed to develop the qualities of the painters by training them their painting styles and asked them to perform on that basis. It can make them strong on that particular field; even they can adopt the specific style of those renowned artists. 15.Exploring traditional painting techniques The Creative Potential Ranking Medium It helps the child to explore on the traditional technique of paintings It guides the contemporary technique for flourishing on by following the footsteps of the traditional onesIt needs more teaching techniques from the traditional painting methods. The painting procedure is different in the case of traditional paintings than from the contemporary ones. If the child learns these techniques as the base then they can easily adopt the contemporary technique and can grow in that profession as well. The experiences that a challenge in childrens thinking are as follows: Initially the child may not be able to cope up with the challenges that made him done but with the duration of time, he/she will be able to the take up the learned lesson that will help her to implement in their life. Children need to advocate themselves for seeking help or to take up the advices by other concerned people; this skill makes them confident in their life and they develop this special type of skill called Self-Advocate. Children are allowed to stick to their own work or their own education. Their likings and disliking does not taken into consideration because they are in the growing state and they need t know every subject for their knowledge. It is essential to introduce new knowledge and skills because; children always love different colorful objects with different shapes. If multicolor props are being used they will find interest to learn the matter. Reference Baroody, A.J. and Dowker, A. eds., 2013.The development of arithmetic concepts and skills: Constructive adaptive expertise. Routledge. Bjorklund, D.F. and Causey, K.B., 2017.Children's thinking: Cognitive development and individual differences. SAGE Publications. Burke, W.W. and Noumair, D.A., 2015.Organization development: A process of learning and changing. FT Press. Chipman, S.F., Segal, J.W. and Glaser, R., 2013.Thinking and Learning Skills: Volume 2: Research and Open Questions. Routledge. Crain, W., 2015.Theories of development: Concepts and applications. Psychology Press. Dunlosky, J., Rawson, K.A., Marsh, E.J., Nathan, M.J. and Willingham, D.T., 2013. Improving students learning with effective learning techniques: Promising directions from cognitive and educational psychology. Psychological Science in the Public Interest, 14(1), pp.4-58. Engestrm, Y., 2014.Learning by expanding.Cambridge University Press. Ghaedi, Y., Mahdian, M. and Fomani, F.K., 2015.Identifying Dimensions of Creative Thinking in Preschool Children during Implementation of Philosophy for Children (P4C) Program: A Directed Content Analysis.American Journal of Educational Research,3(5), pp.547-551. Hoff, E., 2013.Language development.Cengage Learning. Keenan, T., Evans, S. and Crowley, K., 2016.An introduction to child development.Sage. Kennedy, P., Rooney, R.M., Kane, R.T., Hassan, S. and Nesa, M., 2015. The enhanced Aussie Optimism Positive Thinking Skills Program: The relationship between internalizing symptoms and family functioning in children aged 911 years old.Frontiers in psychology,6. Kolb, D.A., 2014.Experiential learning: Experience as the source of learning and development. FT press. McKenzie, I.A., Ohayon, D., Li, H., De Faria, J.P., Emery, B., Tohyama, K. and Richardson, W.D., 2014. Motor skill learning requires active central myelination.Science,346(6207), pp.318-322. Newman, B.M. and Newman, P.R., 2014.Development through life: A psychosocial approach. Cengage Learning. Wanless, S.B. and Domitrovich, C.E., 2015. Readiness to implement school-based social-emotional learning interventions: Using research on factors related to implementation to maximize quality.Prevention Science,16(8), pp.1037-1043. Westendorp, M., Hartman, E., Houwen, S., Huijgen, B.C., Smith, J. and Visscher, C., 2014.A longitudinal study on gross motor development in children with learning disorders.Research in developmental disabilities,35(2), pp.357-363.

The Way Out of the Global Financial Crisis Essay Example

The Way Out of the Global Financial Crisis Essay The global recession is the cause for this, and that is a generally accepted fact. Not only the business contraction, but also the increases in unemployment and shrinking government revenues are also newsworthy. However, it is accepted that, large economies have started recovering from the crisis, unemployment is a problem that has been solved yet, (Nanto, 2009). Numerous banks and individual households still face problems in restoring their balance sheets.As a definite remedy, industrialized as well as emerging economies (developing countries) constitute financial rescue packages such as, American Recovery and Reinvestment Act of 2009 (P. L. 111-5), (Nanto, 2009). This note details about one of the fundamental dilemmas which discussed all over the world at present. Simply stated, this is the world economic crisis, which is also known as the world financial crisis which began in the latter part of 2007. More specifically, this was known as many economists to be the worst economic cri sis since the Great Depression of the 1930s.Mainly, the collapses of large corporate and countries, as well as downturns in economies in economic growth, increasing unemployment, and collapses of the trade can be highlighted as the fundamental causes for the crisis. Given that, many large economies have turned into chaos as an awful repercussion of the crisis. However, many economists as well as countries as whole addressed remedies to prevent those so called negative repercussions; it is a generally accepted fact that, those remedies were not totally successful.This note discusses the above addressed issue in detail. Thus, we structured this note elaborating the notion of World Economic Crisis at the outset, and we postulates some of the major corporate collapses in the world. Thereafter, we detail about the major downturns of the economic growth as well as high unemployment problems occurred as causes for the core discussion. More focally, we develop facts about the impacts of the crisis toward the Sri Lankan economic and the financial sector as well.Finally, we strive to postulate, the feasibility of the remedies addressed to the phenomenon (Global Economic Crisis) discussed and we build an argument with a critical justification where, â€Å"there is no way Sri Lanka can keep away from the effects of economic recession but certainly the authorities could think and act sensibly towards finding ways of minimizing the impact by adopting proper policies. Most of all, the important thing is to adopt proactive policies†. Introduction – The Global Economic CrisisIn this section we intend to talk about how the world economic crisis emerged and some of the major players in this crisis. Perhaps most notably, this section does not encompass all the incidents about the crisis; we bring out the most important aspects to develop the core argument of the note. Many are suggesting that the major cause or the trigger for the financial crisis is the United Stat es housing bubble which peaked in the periods of 2005-2006. In the early 2006, housing prices peaked and started to decline in 2006 and 2007, and reached new lows in 2012.Adding to that on December 30th, 2008 Case-Shiller home price index reported its largest price drop in its history (See figure 01, annexes: Median and Average Sales Prices of New Homes Sold in United States 1963-2008). As a repercussion, the mortgage house pricing was also started gradually rising. To economists, it all seems painfully simple. Especially in Asian countries, more focally from China foreign money started flowing to the United States. This scenario was allowed people to borrow more and more properties that could not affordable.This is mainly due to the availability of free flow of money. Thereafter, bankers tend to bundle up in terms of loans and sold to investors. Obviously these investors did not understand the inherent risk of these bundles of money. Further, some and the majority of the investors tend to start defaulting on their mortgage payments, and they lost their houses and investors all around the world, including banks and hedge funds, lost their investments. Government of the US was not able to regulate the activities of the banking behemoths as well.Further weak and fraudulent underwriting practices of corporate are also vulnerable to the economy at that time. When we are discussing with the phases of the crisis, basically, there are four basic phases in the process of coping with the crisis by countries across the globe, (Nanto, 2009). First step details to contain the contagion and restore confidence of the system. Secondly, it can be suggested to coping with secondary effects of the crisis. The third phase of this process is to make changes in the financial system to reduce risk and prevent future crises.The fourth phase of the process is dealing with political, social, and security effects of the financial turmoil. The global economic crisis, which is also known as the financial crisis, (Nanto, 2009) started quickly spreading to emerging economies as well. Investors started pulling investments capital from countries, even those investments are with small quantities they perceived a high risk, consequently, plunging started in the value of stock as well as domestic currencies. Also, export prices started gradually declining with a dramatic slow of the economic growth. Major corporate bankruptcies and country collapsesIn this section, we expect to detail about the importance of prediction of financial distress as well as some of the major corporate as well as country collapses followed by the global economic crisis. Perhaps most notably, we are compiling about financial distress, because the improper financial prediction has become a major cause for corporate collapses. Actually, the notion of bankruptcy prediction models started way back in 1930s in terms of ratio analysis and it has evolved into various methodological grounds as well, (Bel lovary et al. , 2007). Moreover, given the importance of predicting financial distress, Campbell et al. (2011) write, ‘Although probably quite accurate, it may not be useful to predict a heart attack with a person clutching their hand to their chest’ (p. 02) The above empirical justification elaborates us the importance of predicting and implementing precautionary actions in advance for a problematic situation. Likewise, better prediction of corporate failures gives an utmost importance. Having a brief introduction about the financial distress and bankruptcy prediction, following discussion provide somewhat a detailed elaboration pertaining to the corporate and country collapses.At the outset, it can be stated that, the majority is not concerned about the excessive executive compensation which is also played pivotal role for the global financial crisis. Wall Street became a magnet for the brightest Americans who wanted to make a large amount of money very quickly. Most companies rewarded short-term performance without much regard for market fundamentals and long-term earnings. Executives were given stock options, which they could manipulate to earn more money. The more an executive could drive up his or her company’s stock price or its earnings per share, the more money he or she would get.Frank Partnoy argues that a mercenary culture developed among corporate executives. They merged with or acquired higher-growth companies and, in many cases, committed accounting fraud. This fraud led to the bankruptcy of companies such as Enron, Global Crossing, and WorldCom. Many executives received long prison sentences. Enron Corporation was an American energy company based in Houston, Texas. Before its bankruptcy in late 2001, Enron employed approximately 22,000 and was one of the world’s leading electricity, natural gas, pulp and paper, and communications companies, with claimed revenues of nearly $101 billion in 2000.For six consecutive years Enron was named as the â€Å"America’s Most Innovative Company†. At the end of 2001 it was revealed that its reported financial condition was sustained substantially by institutionalized, systematic, and creatively planned accounting fraud, known as the â€Å"Enron scandal†. The Enron scandal, revealed in October 2001, eventually led to the bankruptcy of the Enron Corporation, the dissolution of Arthur Andersen, which was one of the five largest audit and accountancy partnerships in the world.In addition to being the largest bankruptcy reorganization in American history at that time, Enron undoubtedly is the biggest audit failure. Global Crossing is an American telecommunications company based in Bermuda, providing computer networking services throughout the world. It maintains a large backbone and offers transit and peering links, VPN, leased lines, audio and video conferencing, long distance telephone, managed services, dialup, colocation and VoIP, to custome rs ranging from individuals to large enterprises and to other carriers.The result of this bankruptcy was said to be the loss of 9000 jobs. WorldCom’s bankruptcy filing in 2002 was the largest such filing in U. S. history. The WorldCom scandal is regarded as one of the worst corporate crimes in history, and several former executives involved in the fraud faced criminal charges for their involvement. Most notably, company founder and former CEO Bernard Ebbers was sentenced to 25 years in prison, and former CFO Scott Sullivan received a five-year jail sentence, which would have been longer had he not pleaded guilty and testified against Ebbers.Rising unemployment It is a generally accepted fact that, as a result of the economic downturn, millions of workers have been laid off from companies, at the same time, many of them experienced in cut working hours, and enterprises were seeking to reduce wages and other employee benefits constantly. Although there is some evidence that the global economy has reached a trough, history shows that synchronized and global crises, like the current one, result in recessions that are more severe and longer in duration (International Monetary Fund (IMF), 2009).These ongoing destructions of jobs increasing jobless hours started ensuring unemployment rates across the world. Particularly these downturns affected severely to many parties in the economy as well. More focally, those segments were defined in terms of age and gender, (Verick, 2009). Due to the lack of skills possessed, work experience, job search abilities, and the financial resources to find employment were considered as problems associated with the youth in marginalizing the labor market, (Verick, 2009). As a remedy the youth tend to employed with contract employments.More specifically, youth employment rates are far more sensitive than the adult population in the business cycle, (Organization for Economic Co-operation and Development (OECD), 2008). Indeed, since the end of 2007, an additional 2. 1 million young men and 1 million young women have become unemployed in a large sample of countries considered in this paper consisting of most European countries, Australia, Canada and the United States, which together represent almost 60 per cent of the global economy. Over this period, the unemployment rate in the European Union member countries increased by 6. and 3. 5 percentage points for young men and women, respectively, while it raised by a lower margin for prime age men (2. 1 percentage points). In the United States, unemployment rates have surged by a greater amount, especially for young men. Downturns in economies in economic growth and collapses of the trade To elaborate this section in more focus, we intend to adopt findings from Reinhart et al. , (2008) studies. We adopted, Past and Ongoing Real House Price Cycles and Banking Crises (see figure 02, annexes).Thus, we begin, at the outset, many of the dominat countires in the globe faci ng banking crisis. Particularly, countires like, Austria, Hungary, Iceland, Ireland, Spain, and the United Kingdom. Ongoing crisis are in dark shading and the past crisis are in the light shading in the figure. The most severe real housing price declines were experienced by Finland, the Philippines, Colombia and Hong Kong. Notably, the duration of housing price declines is quite long-lived, averaging roughly six years. This simple illustration depicts the vulnerabilities facing by the top economies at present and faced in the past.Thus, we can postulate that, above mentioned United States housing bubble which peaked in the periods of 2005-2006 has significant impacts on the respective country’s economy as a whole. And it corresponds with long lasting vulnerabilities as well. Impact on Asian Countries and Sri Lanka Particularly, Asian policy changes in recent years including Japan’s banking reforms, Korea’s opening of its financial market, China’s dramatic economic transformation, so on and so forth elaborates us the Asian region corresponds with vulnerabilities of the Global Crisis.Thus, we state that if dominant Asian countries get affected from the crisis, a developing country like Sri Lanka will no longer be able to escape from the vulnerabilities. Also, the impacts will depend varying the sectors of the country. For example, there will be less tourist arrivals from European countries and that will affect the all ready troubled sector. Rising interest rates and inflationary pressure, US dollar appreciating at the expense of the rupee coupled with a war budget and high public sector expenditure will make things difficult for Sri Lanka.Central Bank (CBSL) released more than US$ 22 million into the market in order to defend the rupee. Less and less dollars coming into the market causes pressure on the rupee thus making it difficult for the (CBSL) to defend the rupee, (Weerakkody, 2008). The way out of the crisis Given all the reperc ussions, causes and effects of the global crisis, in a nutshell, we strive to postulate that, as a country, we cannot avoid the negative consequences overnight. For an example, Sri Lanka’s textile and garment exports will adversely impact due to the continuation US and the Eurozone economic downturn.This is because, nearly half of the textile is exported to the US in 2007 meantime another, 45 percent was exported to the Eurozone. In fact, this sector contributes substantially high proportion to the foreign exchange earnings in Sri Lanka. As a definite remedy we suggest opening Treasury Bills and Bonds to the Sri Lankans and implementing precautionary actions with friendly central banks in terms of SWAP agreements would be vital decisions to be made. Adding to that, prudent policies also indispensable as a country to implement, these are important to minimize the impacts of external shocks on the domestic financial market.Further, stable interest rates maintenance is also impo rtant in this regard and implementation of actions on undisciplined lending by banks pays a greater emphasis. Finally, we conclude stating that, In every probability, there is no way Sri Lanka can keep away from the effects of economic recession but certainly the authorities could think and act sensibly towards finding ways of minimizing the impact by adopting proper policies. Most of all, the important thing is to adopt proactive policies. Works Cited Bellovary, J. , Giacomino, D. amp; Akers, M. 2007. A review of bankruptcy prediction studies: 1930 to present. Journal of Financial Education, 33. Campbell, J. Y. , Hilscher, J. amp; Szilagyi, J. , 2011. Predicting financial distress and the performance of distressed stocks. Journal of Investment Management, 9(2), pp. 1-21. International Monetary Fund (IMF), 2009. From recession to recovery: how soon and how strong? Chapter 3 in IMF. World Economic Outlook (WEO) Crisis and Recovery, Washington, D. C.. Nanto, D. K. , 2009. The Global F inancial Crisis: Analysis and Policy Implications. Online] Congressional Research Service Available at: www. crs. gov [Accessed 01 May 2013]. Organization for Economic Co-operation and Development (OECD), 2008. OECD Employment Outlook. OECD, Paris. Reinhart, Carmen, M. , Kenneth, S. amp; Rogoff, 2008. Is the 2007 U. S. Subprime Crisis So Different? An International Historical Comparison. American Economic Review, 98(2), pp. 339–44. Verick, S. , 2009. Who Is Hit Hardest during a Financial Crisis? The Vulnerability of Young Men and Women to Unemployment in an Economic Downturn. Institute for the Study of Labor, IZA DP No. 359. Weerakkody, D. I. , 2008. Global financial crisis and Sri Lanka. [Online] Available at: http://www. dailynews. lk/2008/10/13/bus27. asp [Accessed 1 May 2013]. Annex 01: Figure one: Median and Average Sales Prices of New Homes Sold in United States 1963-2008 Source: Wikipedia, Financial crisis of 2007–2008 Annex 02 Past and Ongoing Real House Price Cycles and Banking Crises: Peak-to-trough Price Declines (left panel) and Years Duration of Downturn (right panel) Source: Reinhart, Carmen, M. , Kenneth, S. amp; Rogoff, 2008. Is the 2007 U. S. Subprime Crisis So Different?An International Historical Comparison. American Economic Review, 98(2), pp. 339–44. [ 2 ]. The United States housing bubble is an economic bubble affecting many parts of the United States housing market in over half of American states. [ 3 ]. Case-Shiller Home Price Indices monitors and evaluates the house price indices for the United States. [ 4 ]. The process by which investment bankers raise investment capital from investors on behalf of corporations and governments that are issuing securities (both equity and debt) [ 5 ].Wall Street refers to the financial district of New York City [ 6 ]. Frank Partnoy is the George E. Barrett Professor of Law and Finance at the University of San Diego School of Law. [ 7 ]. This type of organizational culture is char acterized by a low degree of sociability and a high degree of solidarity. [ 8 ]. A swap is a derivative in which counterparties exchange cash flows of one partys financial instrument for those of the other partys financial instrument.