The street lamps dimly lit the rain-soaked streets †Creative Writing Free Essays

The street lamps dimly lit the rain-soaked streets of the small town in which I live. Terraced houses line each side of the narrow streets and the sound of raindrops on tiled roofs constantly drum in my ears. The streets are totally empty, not even the odd car or person breaks the monotony of the black tarmac. We will write a custom essay sample on The street lamps dimly lit the rain-soaked streets – Creative Writing or any similar topic only for you Order Now A rusty iron fence surrounds the small park by the houses and the play area is deserted and broken. The sky is dark and overcast, with the occasional roll of thunder rumbling in the distance. By ten o’clock my shift at the local supermarket is over and I have to begin the long, mind-numbing walk home. The supermarket car park is covered in red, yellow and brown leaves from the old trees at the side of the road and I struggle across the slippery surface until I reach the dark subway that leads under the main road to the terraces. The subway walls are covered in graffiti while broken bottles and cigarette ends line the floor. I always feel slightly nervous when walking through this subway; its intimidating darkness makes me uneasy. Emerging from the subway I meet the usual dim glow of street lamps illuminating the small terraced houses that, to me, signified safety and protection. â€Å"Empty your pockets!† shouted a gruff voice, as a man jumped out from the side of the subway exit, â€Å"Give me your money or I’ll kill you!† There stood a tall, well built man, dressed in dark, ragged clothes in an aggressive stance with his fist raised and his other hand in his pocket. He wore a hooded top concealing most of his face, except his black rotting teeth and his stubble covered chin. His shoes had holes and there were cuts and scars on his face. He shivered and shook while the rain soaked him through as he pinned me against the wall. â€Å"Please don’t hurt me,† I begged. â€Å"I’ve done nothing wrong.† â€Å"I said empty your pockets!† repeated the man â€Å"What do you want from me?† I asked nervously. â€Å"If you don’t give me your money, I’ll†¦Ã¢â‚¬  he nodded his head towards his pocket, where my eyes met with the tip of a shining object that I presumed was a knife. â€Å"Ok, just please don’t hurt me!† By now I was petrified, so I nervously put my hands in my pockets and scrambled around for and loose change and then pulled everything out and dropped it on the floor. The man immediately bent down to pick up the coppers and chocolate bar that fell to the floor. He counted the change rapidly and put the chocolate in his pocket. â€Å"What’s in your jacket?† the man shouted. â€Å"N-n-n-nothing,† I stammered. â€Å"Don’t lie!† he shouted, as his voice became more and more desperate. â€Å"Now take your jacket off and give it to me!† I didn’t move. â€Å"Give it to me!† the man screamed at the top of his voice as he tore off my jacket and turned it upside-down to empty it. My wallet, keys and mobile phone fell out and as the man bent down to pick them up I spied my chance to make a run for it. I hesitated to think of my escape route but this proved to be a huge mistake. As I tried to run, the man got a hold of my trailing foot and dragged me to the ground, my feeble body could not escape the grasp of the man. He stared down at me and then kicked me in the stomach to stop me getting the same idea of trying to escape again. Lying in a puddle, I watched him gather the phone and wallet; leaving the keys and throwing away the wallet once he had taken the à ¯Ã‚ ¿Ã‚ ½10 that was in there. â€Å"This doesn’t look like nothing, does it?† he screamed with his face right next to mine, holding the crumpled note in front of my eyes. â€Å"Does it?† â€Å"N-n-no† I managed to say. â€Å"Get up!† he shouted angrily. I scrambled to my feet, still holding my stomach to try to suppress the pain of being kicked. â€Å"Yes?† I didn’t actually want to know what he wanted. â€Å"I’ll see you again later.† He said it with an evil smile and chilling abruptness, and then he turned away and walked, with a limp, towards the subway. As the dark figure merged with the darkness, the thought of how long ‘later’ would be, and what he would do then, ran through my mind. During the confrontation, the rain had turned to hail without me realising, and the hail was stinging my cold, wet face. I was breathing heavily as I picked up my keys and torn coat, draping it over my head. I turned towards the street, still in a state of shock over what had happened and began to take nervous footsteps towards home. Soon the nervous footsteps turned to a sprint when I had come to terms with what had just happened. The street and houses turned to a blur and somehow I just kept running, all the way to the entrance of my street, where I had to stop and coordinate myself in order to find my house. I reached in the pocket of my jacket to retrieve my keys, and slowly found my way to number 56. The keys had a constant jingle, due to my hand’s vigorous shivering, which also made it hard to get it in the lock and open the door. After a minute of nervous frustration the door opened, I jumped in and shut the door behind me. How to cite The street lamps dimly lit the rain-soaked streets – Creative Writing, Papers

Term Structure of Interest Rates - Free Samples to Students

Question: Discuss about the Term Structure of Interest Rates. Answer: Introduction The above topic is the contemporary issue in economic chosen for this deliberation. The QE has not been able to spark inflation as there are nagging fears that QE individually trigger deflation. This has compelled the European Central Bank (ECB) to seem poised to reduce the discount rate below zero in the coming few days. This will become the 1st of the monetary superpower to venture into such uncultivated waters. While QE was projected to stimulate the economy as well as pool people out of the deflation, the reverse is being achieved. This has been evidenced when the third round of QE in the United States failed to increase the anticipation of inflations. It has not worked as well as in Japan either. This was noted by the Wall Street journal even during the year 2010. Approximately ten years after the central bank of Japan first experimented with this QE policy, Japan stays mired in the deflation. This is the general decrease in wages as well as prices which has crippled Japans economy. The QE began in Bank of Japan (BOJ) in 2001. It then remained precise that pushing rates of interest down towards zero for the prolonged duration had been unable to get to the economy moving (Bibow 2016). After 5 years of gradually enlarging its bond purchases BOJ dropped the efforts in 2006. This has been illustrated below: Initially, it seemed that QE had succeeded in the economic stabilization and stopping the price slides. However, the deflation resumed with a vengeance over the previous two years thereby putting the bank of Japan on the critical spot. It is, therefore, rational to examine why QE failed to work in Japan (Chovancov and Hudcovsk 2016). It has been asserted by critics that Japanese Central Bank was not aggressive sufficiently in launching as well as enlarging its bond-purchasing scheme-then dropped QE too soon. Other critics have heled that Japan merely waited too long to get back to the QE policy. Nevertheless, despite Japan having gone all in since then on astounding degrees of QE, it is still stalled in the deflation. Other instance is UK that engage in significant QE, but the rates of inflation are declining in UK as well. Also, China partook enormous quantities of QE, nonetheless it is as well as falling into the deflation. In fact, in spite of enormous QE by the United States, China and Japan, there is presently a global risk of deflation. Thus, it is rationale to examine why QE problem has never worked (Lavoie 2017). Max Keiser, financial commentator, trader as well as inventor of high frequency trading has made his argument for months on the explanation of QEs failure. In the first step, QE has failed by throwing easy cash at the zombie banks. Also, the huge banks utilize that easy cash in speculation rather than becoming more sturdy as well as lending it out to the Main Street. The speculation as well as absence of lending reduces the real economy (Main Street) vitality. Accordingly, end product is the deflation instead of inflation (Makabe 2017). The evidence is support of the above Keisers argument is available. For example, the failing to break up big banks has been destructive to America. This is because the size of the Big Banks is literally causing destruction to the rule of law. In other words, the confidence in the system remained very fragile because fraud disclosure in these Big Banks might lead to a run. Simply put, the big bankers remain too big to jail since disclosing a share of the enormous fraud would trigger bank runs. The chief inspiration behind the indulgence of administration of serious criminality evidently is the fear of aftermaths of taking threatening actions on the individual bankers (Ito 2004). The banks executives only strive to build their banks to be as big as they can so that they can keep expanding. Once a big is big enough, the bank together with its staff remain not just too huge to fail, but further too big to jail. Again, the size of these banks enables them to rig the market. Adam Smith (father of free market economics) was aware that economy is hurt by monopolies. As shown by the Libor scandal, the size alongside concentration of the hugest banks permits them to commit enormous manipulation in the global hugest markets, and to partake in insider trading on unprecedented scale in history (Lavoie 2017). It has also been shown by former New York Fed economist, Richard Alford, trading floor economist as well as strategist that banks acquire such huge benefit from info asymmetry thereby disrupting the free market. The evidence of market manipulation has also been shown by Joseph Stiglitz, Nobel Prize winning economist that giants including Goldman are utilizing their sixe to manipulate it. For example, Goldman has raised the question of size (too big to fail) as the chief problem. Goldman have substantial share of trades in certain markets which is significant because it allows Goldman to trade on both their propriety desks alongside on customers behalf. Accordingly, Goldman draws a substantial share of each trade, and hence sufficient information (van den End and de Haan 2014). It is thus apparent from the above case that bailing the big banks out to the tune of huge trillions have dragged the economy to its foot from where it is inescapable. Only when the big banks are broken up, will the people escape this undesirable situation. Therefore, the inability to break the big banks up remains a dooming to the depression. There is a threat of another huger financial crisis unless derivatives are reined in. It is, however, unfortunate that the big banks are hindering the taming of derivatives. History has demonstrated why the QE1 to QE3 failed to generate inflation for the dollars produced were globally absorbed. Moreover, QE has falsely assumed that printed the money shall remain in the national economy yet printed dollars end up overseas. The expansion of money supply of the dollars has been unable to generate any inflation since the ancient theories have unsuccessfully considered the global nature of the global economy along with its currency demand of the present Financial Capital of the globe. The United States is unable to print sufficient money to meet the demands of the world. Economists Weigh In A former Federal Reserve economist Ed Yardeni who held positions at the Board of Governors of Feds and Treasury Department has noted that it is known that there is never transmission mechanism though which the real economy is stimulated by QE. The overarching question here is the reason the globe is unable to appear to shake off such lowflation malaise despite unprecedented QE scale by the United States, Japan, and Britain along with its individual way Switzerland. It has been suggested by Minneapolis Fed Chief (Narayana Kocherlakota) that as earlier as 2011, QE and zero could have perversely be the trigger of deflation rather than the cure which everyone imagined (Murphy and Hines 2010). Economist have attempted to showcase that QE is deflationary by considering a number of situations: a central bank which is deploying the QE is nearly absolutely at 0 lower bound. QE shall solely assist get the economy off the 0 lower bound in case it is paired with a commitment to the higher upcoming inflation. In case the central bank is deploying QE over a prolonged time duration, that implies it has never paired QE with a commitment to the higher upcoming inflation. Extended QE efficiently signifies the unwillingness by the central bank to commit to upper inflation. QE thus supports the anticipation that economic activity shall run beneath prospective while demand shocks shall never be fully offset. QE shall be linked to a general disinflationary pattern. The diagram below gives a virtual explication of the five-year breakeven beginning 2012 September, when the Federal commenced QE3, the initial asset-buy plan with no end period: Based on what is done by the central bank, QE can either be inflationary or deflationary. QE could be deflationary in the long run since the excess capacity remains deflationary and the mechanisms to speak to QE is to close it down. In fact, it is anticipated that China that has partook enormous QE for now to exert the deflationary pressure on the international economy. The unproductive venture is by nature eventually deflationary. This indicates the point worth remembering when venturing in paper assets facilitated by QE liquidity and never underpinned by the sustainable growth of economy. The diagram can help illustrate why this is so: The above diagram illustrates a graph of an interest rate increase from zero- to five percent (blue dash) and the probable equilibrium values for inflation (red) where k=1 and p=1. As is evident, it is perfectly probable, in spite of price-stickiness of the novel-Keynesian Phillips curve, to view the super-neutral outcome, inflation increases instantly. It shows an interesting situation of how easy is to achieve positive inflation out of rate of interest increase in the above simple novel-Keynesian model with stickiness of price. The world remains different. This implies that lessons learnt in the previous do not essentially apply to the interest on the plentiful excess reserves globe to which people are heading to. The means that prescribe the negative reaction of inflation to rate of interest rises are a lot more tenuous than one could have imagined. Provided such a downward drift in the inflation, it remains a notion which is worth playing with. The fundamental logic remains pretty precise: increasing the nominal rates of interest either increases inflation or upsurges real rate of interest. In case real rate of interest increases, it has to upsurge consumption growth. The projection is solely counterintuitive since for quite an extended time, people have convinced themselves of the reverse. The monetary policy will increasingly be perverse following Feds payment of interest on reserves held by banks with it. In case Neo-Fisherites are correct, the all that has been done by Feds in attempting to stimulate economy is not only useless but also backward (Goodhart 2013). Presently, the irresistible majority of empirical research indicates that QE alongside Fed easing generally, incline towards increasing inflation in the short run. However, a question is raised in case this is at the lower inflation cost in the long run. Japan has held rates of interest at zero for several years with economy being in and out of deflation. Enormous QE markedly failed to make the United States hit the projected two percent inflation target. A question begs that what if the mainstream macroeconomics is wrong, and extended durations of low rates of interest trap people in a type of secular stagnation which is completely distinct (Ziemann and Gurard 2017). QE has only helped in the short term but is hurtful to the economy in the long term. Originally, long-run rates of interest decline much more than witnessed in an economy without QE policy. This implies that succeeding economic recovery is realized sooner (tier 1). Nevertheless, as the economy gets up, long-run rates increase abruptly as domestic bond market subjects fear the central bank must mop up each excess reserves by unloading its long-run bonds holdings (Harari 2013). Subsequently, demand falls in rate of interest sensitive sectors like automobiles as well as housing resulting in slow of economy and compelling the central bank to ease its policy position. The economy will in turn incline towards recovery again, however, as market players reemphasize on probability of central bank absorbing extra reserves, long-run rates outpour in a recurrent cycle christened the QE trap (Belke and Polleit 2010). In economies without QE, tentatively, the drop in long-run rates become additionally gradual, that lags the beginning of recovery (tier 2). Nevertheless, because it is needless to mop up enormous fund quantities by the central banks, everyone is no more at ease once the recovery begins, and the increase in long-run rates remains far more gradual (Angelo 2017). Once the economy begins to turn around, the recovery pace becomes really swifter since rates of interest remain lower as shown below: Concussion To sum up, QE fails in several other ways like failing to assist the economy. It also assist the rich but extremely hurts the poor. It remains among the leading causes of disparity. The runway disparity cripples economy. Thus QE hurts the economy indirectly by escalating runaway disparity as it is nothing but a Ponzi game. References Angelo, D., 2017. Impact of Quantitative Easing on the Term Structure of Interest Rates. Belke, A. and Polleit, T., 2010. How much fiscal backing must the ECB have? The euro area is not (yet) the Philippines. conomie internationale, (4), pp.5-30. Bibow, J., 2016. From Antigrowth Bias to Quantitative Easing: The ECB's Belated Conversion?. Chovancov, B. and Hudcovsk, J., 2016. Quantitative Easing in Europe and its Impact on the Stock Market. Montenegrin Journal of Economics, 12(3), p.155. Goodhart, C.A., 2013. The potential instruments of monetary policy. Central Bank Review, 13(2), p.1. Harari, D., 2013. Japans economy: from the lost decade to Abenomics. House of Commons Library, Standard Note SN06629. London: Oct, 24. Ito, T., 2004. Inflation Targeting and Japan: why has the Bank of Japan not adopted inflation targeting? (No. w10818). National Bureau of Economic Research. Lavoie, M., 2017. Rethinking monetary theory in light of Keynes and the crisis. Brazilian Keynesian Review, 2(2), pp.174-188. Makabe, K., 2017. Buying Time: Environmental Collapse and the Future of Energy. University Press of New England. Murphy, R. and Hines, C., 2010. Green quantitative easing: Paying for the economy we need. van den End, J.W. and de Haan, J., 2014. Europes banking problem through the lens of secular stagnation. Ziemann, V. and Gurard, B., 2017. Reaping the benefits of global value chains in Turkey.

Josef Mengele Was Born In 1911 In The Bavarian Village Of Gunzburg, Ge

Josef Mengele was born in 1911 in the Bavarian village of Gunzburg, Germany. Josef's parents were devout Catholics, and saw to it that he and his two brothers were raised accordingly. Mengele had always dreamed of a career in science and anthropology. In 1930, he graduated from high school and was accepted to the University of Munich. Munich is the capital of Bavaria, and was at that time the center of the National Socialist movement. It was while studying in Munich that Mengele was swept up by the nationalistic ideology of the Nazis. Although Mengele studied medicine in Munich, it took a back seat to eugenics. Eugenics is the study of genetics. He was interested in discovering the sources of human physical deformities. Mengele received his Ph.D. in 1935. He began working at a university medical clinic in Leipzig in 1936. Mengele was accepted into the Schutzstaffel, or "Elite Guard", in 1938. His membership in the SS gave him great power. Mengele was assigned to Auschwitz in 1943. His stated mission there was to perform research on human genetics. His real goal, however, was to eradicate inferior gene strands from the human population in order to create a German super-race. Witnesses at Auschwitz say that Mengele's selections, in which he decided who was to live and who was to die, seemed to provide enjoyment to him. It has also been said that he had no conscience. He could brutally beat a prisoner one-minute and then be in a cheerful mood the next. What earned Mengele his nickname, "The Angel of Death," wasn't his selections or beatings. It was his inhuman experiments. He dissected live infants. He castrated men and boys without anesthetic. He administered high-voltage shocks to women in order to "test their endurance." These are only a few examples of the many cruel and disgusting experiments he performed in the name of science. Some psychiatrists believe that Mengele didn't take pleasure in inflicting pain. Rather he enjoyed the power in deciding who died and when. Mengele's favorite "specimens" were twins. He was fascinated by twins, and he treated them very well. He gave the guards specific orders not to abuse them. They enjoyed extra rations, better clothing, and better living conditions. They were called "Mengele's children." This does not mean, however, that they were spared. It is ironic that the twins he cared for so much bore the brunt of his experiments. In order to determine if eye color could be changed, he injected dye into the twins' eyes. This often caused blindness. If these twins died, he collected their eyes and pinned them to the wall of his office. Other twins had limbs removed without anesthetic. Still others were injected with infectious chemicals to see how long it would take their bodies to succumb to various diseases. Mengele's experimentation had nothing to do with true scientific research. Rather it was his ambitious and zealous adherence to the Nazi vision of Aryan supremacy. And ironically, it yielded no new discoveries in the field of genetics. Mengele escaped from Auschwitz in 1945 as the Red Army closed in. He made his way to Argentina. The Israeli government was actively hunting for Nazis in South America into the 1970's. They successfully captured Adolf Eichmann, the architect of the "Final Solution." They had no such luck in their search for Mengele, however. He drowned in Brazil in 1979.

Nixon essays

Nixon essays It is natural to want to trace a persons actions during his adult years to his early life. Richard M. Nixon is no different. Throughout his political career, he exhibited a fire within-a fierce will to settle scores and triumph over others. A difficult upbringing scorned Nixon for life. Since he was raised in a lower-class, struggling family, Richard always felt a hatred of those who had it easy in life. He felt that since he had to work to achieve success, all others should have to do the same. Of course, life does not work like this, and Nixon could never get over this harsh reality. These resentments and insecurities of the rich translated into professional resentment of those who opposed him Democrats, liberals, and the Eastern establishment. Nixon felt that it was these people who were always after him. For Nixon, he was never let alone, there were always those who wanted his head. It is for this reason that he clung so fiercely to any position of power. He loved being the President of the United States more than anything, and it broke his heart to have to resign. Also, most of Nixons early life was spent as an outsider. He was from a lower class background, and for that reason alone many of his colleagues did not fully respect him. Out of college, he was shunned by the great Eastern law firms. In his early politics, he was neglected by his own party because of his background. Even as vice president, he was not allowed in Eisenhowers inner circle. These experiences left him bitter and determined to be president. Not only for the prestige of the position, but because as president he would be the one who was on the inside. Everybody would be below him in rank, and he could use this advantage to be the focal point of America. Also, he would gain some revenge on those rich, debonair folks who had before eschewed him. For all of his hard work and tenacity, Nixon can not be regarded ...

Legal Issue Essay Example | Topics and Well Written Essays - 750 words

Legal Issue - Essay Example In turn, a disability is (A) a physical or mental impairment that substantially limits one or more of the major life activities of such individual; or (B) a record of such impairment; or (C) being regarded as having such an impairment.[5] The EEOC defines "a mental impairment" as "any mental or psychological disorder, such as mental retardation, organic brain syndrome, Bi-Polar Disorder II, emotional or mental illness, and specific learning disabilities,"[6] for purposes of the ADA.[7] Thus, the question becomes whether this impairment substantially limits a major life activity.[8] Interacting with others is a major life activity under the ADA Interacting with others is indisputably an activity of central importance to daily life, and the EEOC has recognized it as a major life activity in its compliance manual.[9] Additionally, interacting with others is considered a major life activity under the Rehabilitation Act, and such recognition under the ADA would serve the legislative purpose of rectifying stereotypes about the mentally disabled.[10] Neither the Supreme Court nor the Second Circuit have addressed the issue of whether interacting with others is a major life activity.[11] The only circuit to have squarely addressed the issue has adopted it as a major life activity,[12] and no circuit has held that interacting with others is not a major life activity.[13] An Appellate Court has de novo review of a lower court's conclusion that the ability to interact with o thers is a major life activity.[14] In Toyota, the Supreme Court explained that "the term major life activity as used in the ADA, refers to those activities that are of central importance to daily life."[15] Because major life activity is not defined in the ADA, it should be construed according to its ordinary and natural meaning.[16] The plain meaning of the word "major" denotes an activity that is important and significant,[17] as well as basic. It is an "activity that the average person in the general population can perform with little or no difficulty."[18] Interact is defined by the dictionary to mean to "act upon one another."[19] Interacting with others is an important and significant function and "easily falls within the definition of 'major life activity.'"[20] - quoted properly referenced It is necessary for

Summary 3 Essay Example | Topics and Well Written Essays - 250 words - 1

Summary 3 - Essay Example On the other hand, other people like and encourage the violence in hockey. They see it as a customer magnet. Clubs sponsors and media also demand this violence since it increases profits as games are sold out and papers sell(Miedzian, 187). Therefore, a child who views these players are inclined to think naturally and Little does he or she know that the extreme violence he sees often grows more out of the owners commercial interests than players inclinations as players who do not participate in violence endanger their jobs(Miedzian, 188). A child knows violence outside sports is disapproved of but violence in sports is approved of by society. This unbalances the child who thought sports is about skill and talent but now knows sports is about winning and it means doing anything to win bad or good(Miedzian, 189).What are sports all about? It is about competitiveness not to win but to be the best. It is also about being a task master, by setting goals and achieving them. It is having self-esteem and confidence in

Recommendation Letter for Studying at the Oxford University Essay

Recommendation Letter for Studying at the Oxford University - Essay Example Since his graduation, he is conducting researches under my direct supervision as I am his scientific advisor for past two years. His dissertation topic is based on institutional aspects of states of Central Asian states. We co-operate each other strongly while handling different scientific and educational issues. Sergey has shown great efficiency and accuracy in carrying out his responsibilities while working on joint scientific projects (like ‘World Political dynamics’). He also has an innovative and creative approach towards problem-solving. The qualities of responsible nature, positive energy and optimism have gained him respect from his colleagues. All these dynamic qualities have led Sergey to achieve steady and fast progress. Sergey has passed all his University examinations with an â€Å"A† grade marking. Sergey’s distinguished qualities have helped him to outperform students not only from his own academic group but also from the whole department. His academic achievements, especially in the scientific field, are worth mentioning. Sergey’s projects were always among the best in his academic group. The depth of analysis, precision and the logical conclusions of his scientific work have always brought him victory and recognition at different contests and conferences. Also, a number of his scientific works are extremely impressive. At present, ten of Sergey’s articles are published in Political Science publications. Two of the ten articles are published in scientific magazines registered by the SCC (Superior Certification Commission). Getting ten articles published at this early phase of career is a great achievement in itself. Now, under my supervision, he has written a new article, ‘Stateness problems: basic approaches to conceptualization’, which will be his eleventh published article.