Global Financial Crisis Article Example | Topics and Well Written Essays - 2500 words

Global Financial Crisis - Article Example On the other hand, the corporate sector faced critical conditions as money flow in the market reduced as a result of decreased consumer confidence. Another crucial set back was the increased job cuts in order to maintain the operational expenses. Most of the firms tried to counter the impact of global recession by reducing their activities and redesigning their business activities for facing the next boom period while others engaged in the new product or service development processes for keeping the consumers engaged with the business. In context of the current state of the recession, some economists believe that the after effects of the recession still exists but the US Government maintains that the current economic problems faced are not related to the global financial meltdown. The recommendations provided are to focus on new product and service development and also to develop the business network by forming alliances and partnerships with other relevant institutions. The study co ncluded that while the global financial crisis is considered to be over other economic problems being faced by the organisations and governments can be a sign that the phenomena still exists. The financial meltdown of 2007-08 is mostly referred to as the global financial crisis which has been termed by Gries and Naude (2011) and Crotty (2008) as one of the biggest economic and financial hits since the Great Depression of 1930s. Some of the key questions being debated in context of the global financial crisis of 2007-08 are regarding its origin, its influence and most importantly if the crisis is still looming or is it finally over. According to Pizam (2009), the global financial crisis mainly targeted the Western countries and effected their business segments as well as their customer groups. The challenges faced by the firms were related with their international as well as the domestic operations. Many big firms had collapsed during

FIRST literacy experience Essay Example | Topics and Well Written Essays - 750 words

FIRST literacy experience - Essay Example The semester has been taken as the most tenable timeframe for observing a literacy experience since it is the most minimal testable and evaluable unit of time. At first, my literacy experience in college was premised upon paying critical attention, as a way of getting meaning out of the scholarly texts I engaged with and lectures and discussions I attended. I had rightly surmised that this was the best way of comprehending the concepts that had been taught and those that had been scheduled for the semester’s outline. As a matter of fact, understanding these course concepts were of great importance since that was the essence of education and a sure way of excelling in college exams. In a closely related wavelength, I would get out of my way to engage past end-of-semester exams to have a gist of the manner in which exams were set. This learning strategy saw me through most of the assignments and continuous assessment exams. However, with the accentuation of time within the first semester, I came to the realization that I was not engaging the best approach and attitude to my scholarly journey in college. This is especially after I had an encounter with critical and creative thinking. I realized that like many, I had mistakenly relegated critical and creative thinking and its facets to humanities and cognitive sciences. Because of my encounter with critical thinking I came to realize that learning is a complex whole which comprises critical attention, critical thinking and active participation, commonly known as the reader-response criticism. It is from this point that I came to realize the importance of translating texts into conceptual terms of cultural, metaphysical and psychological realities, over the traditional interpretative approach. In respect to the foregoing, I embraced and began to adopt the psychoanalytic approach as a way of carrying out intellectual and academic engagements. In the psychoanalytic approach, all literary experiences are defined , qualified and appraised in relation to psychological processes such as projection, introjections, defense mechanisms and identification. Nevertheless, I realized that the method described herein requires more and wider reading exercises so as to have a strong grasp on the concept being taught. It is from this point that of great understanding that I as any other individual following this path was able to: unconsciously develop a love for the discipline I was dabbling in; form impromptu questions in my mind, note them down for further investigation and consultation with my lecturers; challenge some of the theories, schools of thought or standpoints that had been passed on in lecture halls as plausible explanations to a phenomenon [it is in wide reading and understanding that limitations and strengths in some of the schools of thoughts can be noted]; appreciate discussion forums; and strongly appreciate the importance of maintaining a reading and inquisitive culture, in lieu of read ing for exams. The crux of the observation above is emphasized by Hellenga’s observation to the effect that while the traditional method allows people [like myself at first instance] to comprehend and internalize the concepts being newly introduced, the psychoanalytic approach enabled to internalize, synthesize and even proceed to challenge or recommend these newly taught concepts. In this regard, I came to learn that proper education or