The tale of the Great Recession is one that has been told and retold countless of times. In the years following the 2007-2008 financial crisis, much has been said in retrospect, and numerous conversations have been initiated with the key players that have made a significant impact in the event. And yet, the story of the financial crisis, and the recession that followed it, is still rife for exploration, particularly in considering the steps which are to be taken to prevent it from happening again. In this regard, it is important to question the matter of accountability. Who were the ...
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The Great Depression was a severe global economic meltdown that happened in the decade that preceded the Second World War. The time of the recession differed from country to country, but it was from 1930 till late 1930s and mid 1940s in some countries. The second film in the Great Depression Series by PBS, The Road to Rock Bottom, critically looks at the problems that faced farmers in United States before and during the Great Depression. The film examines the predicament of farmers, agricultural workers and sharecroppers. The focus is on the effects of harsh environmental factors such as drought ...
The American sugar market has many types of sweeteners but sugar is the most commonly used. Sugarcane and sugar beets are the plants that produce the amounts of sugar that can meet the demands of the economy. The Farm Bill is a sugar policy that seeks to give sugar producers economic support via domestic market controls, tariff-rate quotas and preferential loan agreements. This means that the government has a say in the sugar industry pricing mechanisms.
Through the Farm Bill the USDA (United States Department of Agriculture) guarantees sugar producers a minimum price despite the prevailing market conditions. This is the ...
This film dramatized the American economic collapse of 2008. The collapse, and the subsequent "government bailout", was precipitated by a number of factors. As pointed out in the actual drama of "Too Big to Fail", the combination of unregulated banking practices and lax requirements for consumer credit created an economic meltdown that had worldwide repercussions.
During the short period that led up to the so-called TARP (Troubled Asset Relief Program), colossal mortgage bankers were in the practice of underwriting mortgages for both commercial and residential properties, such as houses, condos, and retail space. Mortgage insurance companies, like the behemoth ...
- Fish in the ocean normally concentrate on the coastal waters.
- Georges Bank is located in the most westward part of the great Atlantic more so on the fishing banks, it is the now-submerged part of the mainland of North America which now entails the continental shelf which stretches from the Grand Banks of the Newfoundland towards Georges. Its existence has led to the growth and development of several coastal fisheries in a number of towns such as Massachusetts, Gloucester , Yarmouth and Nova Scotia.
- The primary fishes obtained in George Bank are haddock and cod fish
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- What is the title of the film, what (brief summary) is it about (subject, topic)?
The film is entitled Inside Job. A documentary film made in 2010, Inside Job garnered praise and recognition for its creative, accurate, and enlightening narrative of the 2008 economic crisis. The film traces the roots of the problem through an introductory example of Iceland, whose attempts to expand the economy through deregulation policies backfired – particularly on the financial sector. It is later explained that Iceland was not the only country who tried to use deregulation as a tactic and failed. The story ...
The financial crisis in Iceland was mainly because in 2001 the government deregulated the banks in the country. This led to rapid expansion in the banking industry. This in turn led to a large number of banks accumulating foreign debt in order to finance rapid expansion. The crisis mainly started when the banks were unable to refinance the short-term foreign debts that they had accumulated in countries such as the United Kingdom. At the onset of the crisis, the three largest banks in Iceland had foreign debt that was almost €50 billion. This led to the banks collapsing leading to a ...
Inside Job is an excellent documentary which deals with the banking crisis and all that went along with it. It is an indictment of those CEO’s and financial traders who risked the market without any sort of scruples and who also demonstrated a tactical acumen to destroy others without any qualms or compunction.
Principally the documentary focuses on the disaster which occurred when sub prime loans began invading the market. This undoubtedly led to huge problems when those who began buying houses which they couldn’t afford and started losing their jobs ended up defaulting on their loans ...
Personal Reflection
The movie was a real eye opener for me. Until I saw it, I never really understood what happened to cause the 2008 meltdown. I never understood what the big deal was about home mortgages. All I knew then was that the U.S. and the world were in a financial crisis.
The movie made me realize how complex and complicated it all was. It was quite surprising for me to learn that the fate of the American economy – probably even that of the world – lay in the hands of a few powerful men. I was especially struck by what Timothy Geithner told ...
HealthSouth Corporation is located in Birmingham, Alabama and it is the largest operator of the inpatient hospitals. Their business model incorporates three major businesses: rehabilitation, hospitals and surgery. Lower cost and the atmosphere, which reminds a spa rather than a medical institution, made HealthSouth one of the most successful companies in Alabama already in the first few years of its existence. However, the outstanding performance of the company was not always supported by the actual success. Today Aaron Beam, co-founder and former CFO of HealthSouth, remembers the time, when he was forced to falsify accounting reports in order to meet performance ...
Inside Job: Story of the Crisis
The Oscar winning movie “Inside Job” is a documentary on the financial crisis of 2008, showing a chain of events leading up to the final crisis and the aftermath following. Inside Job takes its cue from the Reagan administrations move to relax rules on banks and other business during the 1980’s, leading to a huge boom in the financial sector. Over the next 30 years, the gradual removal of rules continued such as the dropping of the Glass-Steagall barrier between deposit and investment banking. The growth of the securitization market at the same time lead to a boom ...
Introduction 2
What could have saved the financial crisis? 8
Bibliography 10
Introduction
The following paper is a movie review for the movie “Inside Job” used as an example to discuss various aspects of business ethics. The paper will discuss what ethical or unethical business decisions were taken into account in the movie along with the stance of the movie maker or characters about those ethical or unethical practices. The paper will also analyze the rationales behind those decisions and what lessons can be learned and what steps can be taken to ensure more ethical business decisions by an organization.
The movie “ ...
Based on the definition of corporate social responsibility (CSR), what is the responsibility of the bank? What should it do?
In a manner corresponding to corporate social responsibility (CSR), the Manhattan Bank has the responsibility for its impact on society. The responsibility mandates the Bank to integrate or combine both social and environmental concerns in the business interactions and operations with its stakeholders. It is necessary to achieve a distribution of economic, social and environmental imperatives. The bank’s responsibility is also to protect its property, employee’s lives as well as the community it serves. According to the movie, it seems that there was no experienced security that could trace the robbers and get the information since the movie shows ...
Many critics called the film Sholay (1975) directed by Ramesh Sippy the best film in the history of Bollywood, or the "Film of the Millennium". The critics praise it so much so that several critics insist that "innovation in Hindi films ends with Sholay and that everything after that is repetitious trash" (Banker 55). This picture is a mix of crime thriller with the elements of "Japanese samurai epics and American and Italian Westerns, most obviously The Magnificent Seven (which was based on Akira Kurosawa’s Seven Samurai)" (Banker 55). The director involved a number of best Indian actors ...
Creating the Image of a Supervillain in Six Minutes
Superhero films are expected to offer an explosion of action, and starting the film with an action scene sets the viewers’ expectations high. The initial scene of Christopher Nolan’s “Batman: The Dark Knight” gives viewers an adrenaline rush, which makes them feel even more excited about the rest of the film. However, in this film, the initial scene has an even more important function because it introduces the film’s antagonist, the Joker. The film relies on viewers’ prior knowledge of the character in order to reveal the main antagonist of the film in this scene. Even though ...
The video tells us about the basics of accounting, the various financial statements that are prepared through the accounting process, the procedures involved in accounting and the major accounting elements.
The video mentions that all the transactions in a business company are noted in a journal, chronologically and date wise. At the end of a period, all the journal entries are then posted in a ledger according to different accounts.
There can be numerous numbers of accounts for different nature of transactions and their collection is called chart of accounts. Every transaction is posted into ledger using double book ...
Inside Job Questions
In Inside Job, the 2007-2010 financial crisis is examined over the course of five sections, noting the deregulation of the American economy and its effects on financial security and the ethical practices of many large corporations. In essence, the financial crisis and America's major economic woes are painted as a result of substantial changes in policy environments on the part of big banks and the financial services industry. The theme is about the dangers of privatization and lack of government oversight, as the banks are shown to be incredibly opportunistic and greedy. Deregulation is shown to facilitate major corporate crime ...
I think that the film provides a well-detailed and comprehensive analysis of the causes of the global financial crisis. Ferguson says that at a figure of $20 trillion, the financial crisis almost lead to another great depression akin to the 1929 depression. There is a global connection to the crisis that spans geography. The crisis extends from the United States, China, France, Singapore, Iceland and England. Ferguson uses research from politicians, journalists, scholars and financial insiders to present a mind-blowing assessment of the financial crisis. Ferguson’s documentary the Inside Job is an accurate depiction of the causes of the financial meltdown that ...
The Man of Marble is a movie set as a denunciation of the communist government that existed in Poland and was grossly misleading and manipulative. The movie director is more concerned with painting a picture of the exploitation by bourgeois traditionalism image that had been created by communist authorities who had taken over the Polish nation (The Man Of Marble). The Man of Iron was also set as a continuation of the story line of The Man of Marble and is also about a young worker involved in anti-communist labour movement as well as a young man working for ...
One of the top most grossing industries or sectors in the contemporary society is the entertainment industry. Increasing standards of living around the world have allowed individuals to accumulate bigger disposable incomes. Lifestyle changes continue to arise within the contemporary society owing to the growing, improving incomes. Consumables that were previously unprofitable have since become among day-to-day products. The growing entertainment industry is one such sector. The focus of this paper is to analyze the industry, growth process, and evolution of the cinema industry in India.
The growth of the movie sector is one of the indicators of a ...
Mean Streets (1973) Martin Scorsese
Introduction
A film is a story or an event that is a set of moving images or motion pictures and is shown in theater or on television. Films always portray different messages in them depending on the subject topic. The message they portray or carry mainly depend on the plot, setting of the movie and the role the different characters take up in the film or movie. The intent of the film is always in the main theme and this is always the beneficial part of the film to the viewers or the consumers (Merritt ...
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In “The New Rules of the Game” episode of the “Commanding Heights,” it asserts that trade in the context of globalization is uncontrollable. It said that the governments in the third world countries should adapt to the fast developments or else their economies will collapse. The documentary made it appear that after the fall of communism, capitalism flourished through free trade that caused governments’ economies to thrive. Although it presented that the system has further widen the gap between the rich and the poor, it did not suggest solutions that will control the unpredictable ...
Certified Health Education Specialists
The medical field, for the past decades, has been undergoing improvements and breakthroughs. Continuous innovations in the field of health care is being made and discovered, and obviously, the human race will benefit from this the most. However, though this may seem like everything is in its good place, there are also controversies, issues, and challenges that are surrounding the medical field. One way to address these issues are through Certified Health Education Specialists (CHES). These specialists have seven responsibilities in order to fully provide the aid needed by medical specialists.
Responsibilities of a CHES
The movie “A Band Played On”, released in ...
The Empire’s New Clothes is a documentary film that portrays the inequality in terms of financial and political landscape that any society faces today. It is apparent that the documentary makes use of past records to present its arguments convincingly. In particular, the timing of the release of the film was perfect having been only a few weeks before the general election took place in the United Kingdom in 2015. Such timely release seems to be a deliberate effort by the producer to tap into the heated conversations and opinions that were already in circulation in the mass ...
Sicko is a documentary film with the focus on depicting cons of the U.S. health care system. The primary theme of this movie is a failure of the U.S. government to create an effective health care system, so all U.S. citizens receive adequate and affordable medical treatment. Moore, the author of the documentary film, shows that in other developed countries, such as Canada, France, Great Britain, health care system is publicly funded, and governments provide various services and reimburse all out-of-pocket payments. Moore states that according to the World Health Organization, health care system of the United States is ...
1) What are your own views and beliefs about the facts presented in The Big Short? Make a list of the basic principles of “right and wrong” that you believe to be true about markets. What might lead you to change your views?
I think that The Big Short’s attempt at simplifying complex phenomenon and developments in the U. S. economy should be lauded. The movie captured an integral part of the cause of the financial crisis which is greed and apathy. I believe Wall Street gambled with the future of not just Americans and the world, and, ...
Roger Spottiswoode’s film And the Band Played On, based on the book of the same name by Randy Shilts, is a tremendous drama that touches on many distinct issues that were present at the time of the discovery of the AIDS virus, as well as the curious resistance medical and disease experts experienced from affected populations, the government and even other medical professionals. Chiefly following a team of researchers at the CDC, led by Don Francis (Matthew Modine) and William Darrow (Richard Masur), the film follows the attempts of this organization and others to track the spread of the disease, ...
In the beginning of the film, the narrator tells the audience a story about two adult sisters who live in a remote Danish village at the seaside. Both sisters were raised by a strict father who was a pastor of a small Protestant church. The two sisters were once in love, one, Martine, with an army officer, and the other, Philippa, with an opera singer and both had a chance to leave the village and start a new life with their beloved ones. However, both ended up alone, leaving lonely lives in the village of Jutland.
Thirty-five years later, in the middle of the night, a woman ...
Summary of Enron: The Smartest Guys in the Room
In the documentary Enron: The Smartest Guys in the Room, director Alex Gibney tells the story of the fall of the energy company through a series of stories on the characters involved, using a lot of archival videos. Enron was basically a Ponzi scheme, and the scandal was similar to the Bernie Madoff saga of 2008, which was another conspiracy, based on exploiting deregulation and preying on investor greed. The timing is also interesting. Madoff’s scheme fell apart during the recession of 2008, while the Enron bankruptcy occurred right after the “dot-com” bust of 2000. As long as the economy was ...
Documentary Food Inc., directed by Robert Kenner, is telling a story about food industry that is in control by huge corporations. Documentary itself is divided in several smaller portions that are connected. Every topic is well covered and explained, with appropriate witnesses and facts. Sometimes documentary is shocking and hard to believe. Shocking to see enormous fields full of cows that are waiting to be slaughtered and transformed to products. Fields full of corn, so long and wide that seems as there is no end to it. Hard to imagine how is possible to keep human population in dark and ...
A 2010 documentary film Inside Job is directed by Charles H. Ferguson and discusses upon the 2008 financial crisis. The film is divided into 5 parts, which explain what led to the financial crisis in the United States. Inside Job was well received by the film critics, and it won the 2010 Academy Award for Best Documentary Feature.
The film features numerous examples of potentially illegal practices including different actions, affirmative statements, omissions and schemes. My attention was mostly paid to the Goldman Sachs case of 2007-2008 concerning the short-selling of the subprime mortgage-backed securities the company was ...
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History stands witness, even today to the fact that that The Great Depression was the worst economic crisis to have ever hit the nations of the world. Nearly all the countries across the world bore the brunt of this economic crisis and were left to fend for themselves without the support of one another. There are varied timings of the origin of the Depression all over the world that fall in the 1930s to the 1940s. America however, was the worst victim of this recession as the ...
Introduction
The politics of racial representation has always manifested itself in most of the films or shows present in the media scene. According to social scientists, there exist different forms of racism. This includes racism defined in the context of modernism and the traditional racism of segregation. In the traditional perspective, the black Americans were always portrayed to be non-civilized, they only belonged to the fields and the offices were meant for the whites in the United States of America. In addition, it is evident that most of the films have portrayed the black Americans as violent in most episodes. ...
After watching the videos, I do agree with Druckenmiller's idea that today's youth are being robbed by retirees. This is so because entitlement spending is stealing opportunities from the youth of America. This concept of generational theft is based on the fact that opportunities for the youth are extremely important and the entitlement spending or the money spent by the government in retirement fund can be better utilized for the purpose of building job opportunities for the youth. In present times of recession, it becomes even more important to build these opportunities.
It is important to divert the ...
Introduction:
The United States Agency for International Development and the World Bank hosted a debate concerning the HIV/AIDS epidemic. The debate had the following proposition “Behavior change in generalized epidemics has not reduced new HIV infections and is an unwise use of HIV prevention resources.” Panelists supporting the proposal had a number of reasons that they presented. They argued that the individuals carrying out behavior change implementation had not done a thorough evaluation of their work. For this reason, there are many unknowns in this strategy. For instance, scholars involved have not been able to come up with a behavior change model. Such a model ...
Death of a Salesman
Death of a Salesman is a play written by Arthur Miller in the year 1949. The play tells of man’s disillusionment and despair. The author narrates the story through the mindset of Willy – the main character in the play. Willy, an ordinary salesman residing together with his family in New York, is obsessed with the American dream and making as much money as possible. However, his big dreams fail to materialize and he ends up a depressed man. As a result, he starts to speak alone. He also rants at his sons for failing to follow his vision for them. A critical ...
Trade Liberalization in Jamaica began in the 1970s following the International Monetary Fund stabilization programs and further accelerated by the World Bank structural programs in the 1980s. During this period, the Jamaican government six agreements with the World Bank and eight with the International Monetary fund. In the 1990s, the trade liberalization in the country continued because of modification of CET (the common external tariff) and pressure from the World Trade Organization to comply with the international trade regime (Witter, “Trade Liberalization; the Jamaican Experience”).
During the post-world war two period, Jamaica’s main exports were the agricultural ...
I would like to agree with Michael Moore for producing such an informative documentary. In deed, Bowling for Columbine presents a real scenario on gun violence and the mysteries surrounding the April 20, 1999 Columbine High School massacre in which Eric Harris and Dylan Klebold murdered 12 students along side their teacher (Howe, D., 2002). The movie is compelling and gives a lot of information regarding this shooting which caused a lot of agonies to many people. The possession of guns had not become an issue of concern in the United States of America (USA) during that time. This explains why it ...
Lorenzo’s Oil, directed by George Miller, tells the story of Michaela and Augusto Odone’s struggle to understand adrenoleukodystrophy (ALD), a rare genetic disease that afflicts their son Lorenzo. This movie highlights the difficulty associated with trying to find a treatment for a devastating disease that affects only a small number of people. These “orphan” diseases like ALD are understudied and often the only treatment option is participation in experimental therapeutic trials. Lorenzo’s Oil takes the viewer on a journey through medical science as two devoted parents try to save their son’s life.
Lorenzo (played by Zack O’Malley Greenburg) ...
It is a remarkable phenomenon of American society that a film can transcend its own medium and establish a cultural crossroads where new aesthetic, historical, technological and philosophical sensibilities may at once converge. As such, a movie can capture Zeigeist and reflect the tenor of its era at a magnitude unmatched by any other creative form. Such is the case with the 1939 epic Gone With the Wind, a grand historical fiction that managed to simultaneously tap into the country’s psyche and sense of its own historical past while altering the notion of what was morally acceptable for a film to portray. No other film ...