Default Unnecessary Essay Example | Topics and Well Written Essays - 500 words

Default Unnecessary - Essay Example This is because, it is considerably overrated. The authors argue that, market overreaction usually occurs with unpleasant implications for county’s borrowing expenses and liability dynamics. Several market commentators generally argue that, default is predictable. They support this by focusing on the extent of the modification and persistent advertising concerns reflected in the government’s distribution of treasury bonds. The authors also provide several arguments and their rebuttals. For instance, they argue that, it is difficult to evade default since it results from the diverse need of economic adjustments. They assert that, such adjustments, requires proper maintenance of the debt to GDP proportion. Consequently, the maintenance would improve cyclic adjusted primary balance deficits. Conversely, fiscal adjustment on the requisite scale normally is exceptional. In the previous times, records depict an existence of 14 episodes in advanced economies, as well as 26 episodes in the growing economies. This results from actions of individual countries adjusting their structural principal balance beyond 7 percent of the GDP (Corttarelli 6). The authors have argued that, the alternative approach for restructuring, which is suggested by the market commentators, would not settle the imbalance between expenses and reimbursements. They then recommend for a non- confrontational restructuring, which would carry inferior reputational expenses for the borrower. Secondly, they argue that, it is hard to evade default due to the towering interest rates that make the debt unmanageable. This is because; the government debt takes time to mature. In general the household exchange debt carries a long term share in the sophisticated economies (Corttarelli 8). In the current sophisticated economies, actual interests’ rate is lesser than other economies which have experienced default in the past. In comparison, countries which experienced default in the past, the

Blue Hotel :: essays research papers

It is not surprising for an author’s background and surroundings to profoundly affect his writing. Having come from a Methodist lineage and living at a time when the church was still an influential facet in people’s daily lives, Stephen Crane was deeply instilled with religious dogmas. However, fear of retribution soon turned to cynicism and criticism of his idealistic parents’ God, "the wrathful Jehovah of the Old Testament" (Stallman 16), as he was confronted with the harsh realities of war as a journalistic correspondent. Making extensive use of religious metaphors and allusions in The Blue Hotel (1898), Crane thus explores the interlaced themes of the sin and virtue. Ironically, although "he disbelieved it and hated it," Crane simply "could not free himself from" the religious background that haunted his entire life (Stallman 5). His father, a well-respected reverend in New Jersey, advocated Bible reading and preached "the right way." Similarly, his mother, who "lived in and for religion," was influential in Methodist church affairs as a speaker and a journalist in her crusade against the vices of her sinful times (Stallman 5). This emotional frenzy of revival Methodism had a strong impact on young Stephen. Nonetheless, he -- falling short of his parents’ expectations on moral principles and spiritual outlook -- chose to reject and defy all those abstract religious notions and sought to probe instead into life’s realities. Moreover, Crane’s genius as "an observer of psychological and social reality" (Baym 1608) was refined after witnessing battle sights during the late 19th century. What he saw was a stark contrast of the peacefulness and morality preached in church and this thus led him to religious rebelliousness. As a prisoner to his surroundings, man (a soldier) is physically, emotionally, and psychologically challenged by nature’s indifference to humankind. For instance, in the story, "what traps the Swede is his fixed idea of his environment," but in the end, it is the environment itself -- comprised of the Blue Hotel, Sculley, Johnnie, Cowboy Bill, the Easterner, and the saloon gambler -- that traps him (Stallman 488). To further illustrate how religion permeated into Crane’s writing, many scenes from The Blue Hotel can be cited. Similar to the biblical Three Wise Men (Stallman 487), three individuals out of the East came traveling to Palace Hotel at Fort Romper. The issue explored is the search for identity and the desire of an outsider (the Swede) to define himself through conflict with a society.

Penalties for success: Reactions to women who succeed at male gender-typed tasks Essay

Women are subjected to gender-biased evaluations with their performance on male gender-typed tasks often devalued and their competence denied. This result from the inconsistency between stereotypic perceptions of what women is like and the qualities thought necessary to perform a typically male job. The main idea of this article is to demonstrate this phenomenon, to provide insight into why and under what conditions it is likely to occur, and to examine its consequences for how women are evaluated and rewarded in work settings. Key to their argument is the dual nature of gender stereotypes that not only denote differences in how women and men actually are but also denote norms about behaviours that are suitable for each about how women and men should be. Thus behaviours are positively valued for men and typically prohibited for women. Gender stereotypes and the self-fulfilling expectations that they produce prompt bias in evaluations of women. When a woman is acknowledged to have been successful at performing male gender-typed work, her motivation in achievement situations are inhibited by her fear of disapproval for not being feminine. Or there are penalties for women who violate gender-stereotypic prescriptions by being successful are apt to take the form of social censure and personally directed negativity. It states that success can be costly for women in terms of social approval. Competent women for example as compared with competent men have been depicted as cold and undesirable as fellow group and also as severely wanting interpersonally (e.g. bitter, selfish, devious). In their first study, they sought to demonstrate the reactions to women and men on a male gender-typed job when performance on that job was clearly successful rather than ambiguous with regard to performance outcome. They predicted 2 hypothesis:1)In a male gender-typed job, women will be rated as less competent and less achievement oriented than men when information about performance outcome is ambiguous but not when success is clear. 2)In a male gender-typed job, women will be rated as less likable and more interpersonally hostile than men when information about their success is  clear but not when the performance outcome is ambiguousThe result of this study supported those hypotheses. Women were viewed as less competent and characterized as less achievement oriented than men only when there was ambiguity about how successful they had been; when the womens success was made explicit there were no discernible differences in these characterizations. However, when success was made explicit, there was differentiation between women and men in how they were viewed interpersonally hostile. In the second study, the subjects reviewed and evaluated men and women who were all highly successful, but at jobs of different gender types. They expected the following:1)Successful women as compared with successful men will be rated as less likable and more interpersonally hostile when the job is male in gender type but not when it is female or neutral in gender type. The study provided strong support for the hypotheses. So negative reactions to successful women occurred only when the job was male in gender type, but not when it was female or neutral in gender type. Same negative ratings were directed at successful men occupying female gender-typed jobs. But the findings suggest that the failure to act in accordance with gender-stereotypic norms does not uniquely produce social disapproval for men, if it does not the same then for women. The study 3 was focus on the effect of being disliked on how individuals are evaluated and on the types of recommendations made about how they should be treated in work settings. The premise behind this study was that people who are disliked are at a serious disadvantage when evaluations are made and rewards distributed. 1)Information about likability will have a significant effect on overall evaluations and reward recommendations made about both male and female employees regardless of how competent they are. These results suggest that being disliked can have detrimental effects in work settings. The fact that an unlikable individual has a worthy of salary  increase or promotions was found to be true, regardless of whether the individual is a man or woman. There are many things that lead an individual to be disliked but it is only women, not men, for whom a unique propensity toward dislike is created by success in a nontraditional work situation. That is meaning that success can create an additional impediment to womens upward mobility when they have done all the right things to move ahead in their careers. General discussion on this experiment:Success in traditionally male domains can have deleterious consequences for women. They are less liked and more personally derogated as compared with equivalently successful menNegative feelings about successful women can have serious consequences: affect on evaluations, recommended organizational rewards, including salary and special job opportunitiesWomens success would prompt disapproval only in situations in which the success signalled deviation from behaviour deemed appropriate for them (penalties for success only when the job was a male gender-typed)In none of the three studies, female subjects react differently to the stimulus targets than did male subjectsFinally, success in nontraditional areas is double-edged for women. The price is social rejection taking the form of both dislike and personal derogation, and appears to have definite consequences for evaluation and recommendations about reward allocation. Terms like bitch, ice queen, iron maiden, and dragon lady are invoked to describe women who have successfully climbed the organizational ladder. That provide some insight into why despite their success, high-powered women often tend not to advance to the very top levels of organizations.

Jonathan s Record On Corruption Is A Disgrace Essay

In relation to the records of the former President, Goodluck Jonathan, Remi Adekoya argues that ‘Jonathan s record on corruption is a disgrace’. To buttress this, a recent report from Human Rights Watch states that ‘endemic public sector corruption continued to undermine the enjoyment of social and economic rights in Nigeria’. Former President Jonathan did not deny that his administration was undermined by systemic grand corruption as he has constantly referred to it as ‘common stealing’. He has been accused by even his political allies of only paying lip service while encouraging corruption through his â€Å"body language†. Recently, Jonathan received a letter from Obasanjo with ‘vitriolic criticisms, which include comparing Mr Jonathan’s rule to that of the late General Sani Abacha, the widely hated former military dictator’. In the eighteen paged letter, Mr Obasanjo accused Mr Jonathan of failing to tackle Nig eria’s many problems, in particular, the endemic grand corruption. Prominent among the grand corruption cases that emerged from former President Jonathan’s regime includes the Police Pension Fund scam where 32.8 billion Naira (US$210 million Dollars) belonging to the Police Pension Fund was embezzled by serving public officials. The porous public structure arguably made it possible for the highly placed public officers to syphon off the pension fund. Moreover, in April 2012, the â€Å"House of Representatives† committee investigating the fuel subsidy programmeShow MoreRelatedMarketing Mistakes and Successes175322 Words   |  702 PagesUniversity of Minnesota and George Washington University. His MBA and Ph.D. are from the University of Minnesota, with a BBA from Drake University. Before coming into academia, he spent thirteen years in retailing with the predecessor of Kmart (S. S. Kresge), JCPenney, and Dayton-Hudson and its Target subsidiary. He held positions in store management, central buying, and merchandise management. His first textbook, Marketing: Management and Social Change, was published in 1972. It was aheadRead MoreOrganisational Theory230255 Words   |  922 Pagesmanaging, organizing and reflecting on both formal and informal structures, and in this respect you will find this book timely, interesting and valuable. Peter Holdt Christensen, Associate Professor, Copenhagen Business School, Denmark McAuley et al.’s book is thought-provoking, witty and highly relevant for understanding contemporary organizational dilemmas. The book engages in an imaginative way with a wealth of organizational concepts and theories as well as provides insightful examples from the