The Return of Depression Economics and The Crisis of 2008 Essay

The Return of Depression Economics and The Crisis of 2008 - Essay Example The book draws parallel between the great depression and 2008 financial crisis and it explores depression economics through lenses of the Japan’s Lost Decade and 1997 Asian financial crisis (Krugman, 45). In the book, he analyzes the history of market crashes, like the panic of 1907 and the Tequila Crash in the mid-1990s; through demonstrating how banks exposed themselves too much risk, hence resulting to loss of confidence thereby causing capital fight and panic. In The Return of Depression Economics and the Crisis of 2008; Krugman warns that, just like a disease can become resistant to a vaccine, the economic difficulties that lead to great depression have made a comeback in the global economy. He argues that the 2008 financial crisis is because of the failure to properly regulate the financial sector thereby turning around the world economy hence deep recession. Through this book readers can understand the history of financial crisis, its effects and possible resolutions th e current financial problems. There were major financial crisis prior to 2008 financial crises. These include: the 1907 panic, the Great Depression, the Latin American Crisis of mid 1990s. The Savings and loans problems of the 80s, the Japan’s lost Decade and the Asian flu of the late 90s. ... Loss of confidence played a big role in fueling these financial crises. To get the economy moving especially during economic booms, the economic agents have a great deal of confidence, so much that large bets are placed on the prediction of continued success during the economic expansion. But a financial crisis starts with a minor change that reduces the level of confidence, hence leading to economic panics. The power of speculators can be felt in all aspects of the economy especially when there has been a collapse in confidence. Krugman demonstrates that speculators always hedge funds; however they rarely do much in the way of equivocation. Their main focus is to make profit and they are willing to do so whenever such opportunity presents itself even if it means sacrificing the welfare of the entire community. They leveraged their positions up to 100 to 1 with an aim of devaluing the country’s currency for their own benefit. Their basic strategy is to exploit markets by short ing safer assets and then buying the riskier assets. However, when the market faces a financial crisis, these hedgers and speculators will create trades that will alter the stability of a nation’s financial markets with the local currency being the targeted element. The devaluation of the currency will cause great pain and hardship to the citizens but this social cost is not relevant to the speculators. According to Krugman, the hedge funds are in most situations unregulated and the speculators take the necessary actions to stay away from the regulators (Krugman, 108). The shadow banking system also parallels the speculators in fueling the financial crisis. In both cases, the profit maximization was the motivator. Leverage was used at mind boggling levels each

Reflective Practice in Nursing Professional Portfolio Essay

Reflective Practice in Nursing Professional Portfolio - Essay Example While Redman (1994) indicates that a portfolio is a tangible record of what someone has done. In the case of your Nursing Professional Portfolio (NPP) it is a record of what you have done both clinically and in terms of links to your academic achievements over the course of study. Much of the information it contains will be private and confidential and you do not have to share it with anyone unless you choose to do so or as part of the evidence you offer in relation to the MHC417 unit or during discussions with your preceptor or tutors. However, your Nursing Professional Portfolio must be handed up at the conclusion of this unit (on the due date) for assessment. Completing a portfolio may seem like a daunting experience at first, principally because you will have so much information to include. It is suggested that you begin by completing the factual sections first and then move on to areas which require you to evaluate more. It may be helpful to prepare a rough draft when reviewing your study so that an accurate record of your experience and learning is recorded. It is more than a straightforward recording device. It is also a way for you to develop skills of critical and reflective practice; to consider experiences in your professional and personal life and to evaluate the contribution those experiences make to your development and to improvements in patient care. Provides care to persons with disorders of the eyes including blindness or visual impairment; functions range from patient teaching to assistance in surgery; knowledgeable about the effect of ophthalmic disorders on the body as well as the emotions of patients who often must adapt to blindness or visual impairment; may make pre- and post-operative home visits I am writing to express my interest in serving as an RN at King Fahad Central Hospital. I will be graduating in July with my B.S.N. from the Curtin University of

Student Giving Intramuscular Injections

Student Giving Intramuscular Injections This paper particularly focuses on my experience of learning from reflection on giving intramuscular (IM) injections, using Gibbss (1988) reflective model. I demonstrate how practice anxiety, as a student nurse, can be dealt with through effective mentoring. I chose the seminal theory of Gibbs reflection on practice, as it illustrates six significant stages; description, feelings, evaluation, analysis of the incident, conclusion and an action plan Ghaye and Lillyman (1997). Gibbs cycle is used throughout the process of reflecting on the incident to help me make sense of my practice and understand what l could do differently to enhance good practice. I use my experience from a placement simulation as I could not be on actual placement due to unforeseen circumstances. Reflection is a process through which healthcare practitioners and students can learn from experience and use the knowledge to inform and improve practice Schon, (1983). The ability to reflect on ones actions is particularly imperative in clinical practice and discourse. As Jarvis (1992) asserted, there is no consensus on the definition of reflection as it is a broad concept. Reid (1993, p305.) define reflection as; a course of action reviewing an occurrence of practice to describe, analyse, evaluate and so inform learning about practice Schon (1983) identified two types of reflection which are; reflection in action, which takes place during the event where the practitioner may not be aware that it is happening and reflection on action, which takes place after the event. Jasper (2003) concluded upon the vitality of reflecting on action, as it transforms experience into knowledge which enhances good clinical practice. Description During my first placement simulation, I practised giving intramuscular injection, is the best tolerated form or injection, and the safest way of injecting medication into a patient Shepherd, (2002). Within the first week of my placement simulation, I was offered the opportunity to practise administering an injection on a dummy. However, as a student, I was cautious and anxious, feeling that I was not competent enough. I discussed my concerns with the lecturer who was empathetic and helped formulate a plan to conquer my doubts. The plan involved a step-by-step conversation of the procedure of administering intramuscular medication, preparing the medication on numerous occasions and practising the injection technique on a dummy. Throughout these stages I was given the opportunity to discuss any questions, feelings or concerns that arose. Once confident enough to do so, under the supervision of the lecturer, I administered an IM injection to a dummy. I recorded my intervention in a refl ective journal. After giving the injection, I was given feedback and the opportunity to discuss my feelings which was valuable and of significance. Feelings As a novice, I never really enjoy giving injections, but after my second practise, good compliments from colleagues and lecturer my confidence increased. Most importantly, l kept thinking, if l gave the injection to an unwilling patient, how awful would I feel? I reminded myself, ethically, what is it like to carry out a therapeutic procedure that inflicts pain on another human being? All these challenges came to my mind before giving the injection. I began to feel quite anxious and nervous, wanting to delay the procedure for as long as possible hoping my anxiety would decrease. I believe the build up of nervousness beforehand is common, particularly for beginners like me. I prepared the injection using the necessary mathematical calculations, picked the right syringe and the right injection for the procedure. I then administered with my lecturer observing my technique, confidence and competence. Evaluation My preliminary anxiety about administering the injection was normal but as a student nurse, I ought to learn the technique and procedure of IM injections. This anxious behaviour could be explained in relation to the Joharis Window (Luft 1969). As in Joharis window, before being confronted with having to administer injection, I experienced an unknown area, whereby my fears and anxieties were anonymous to me and to others [my lecture]. Because I lacked self-awareness regarding these anxieties, I was unable to begin addressing my anxieties around administering the injection. This made me continue to avoid this area of practice, and as a result I did not develop this clinical skill before this incident. By the end of the incident, my feelings were known to me and others [my lecturer]. By disclosing my anxieties and fears to my lecturer and receiving feedback, my awareness of these issues increased. My lecturer commented on what l did right, wrong and what l could have done differently. R esultantly, I was able to address my feelings, areas of strengths, weaknesses and begin to develop the skill of administering injections. Analysis Department of Health (2008) identified lecturers as qualified nurses, who facilitate learning and supervise students. Mentoring also involves the assessment of the student in the practice setting NMC (2008). The interaction between mentor/lecturers and students is answer to minimise practice anxiety and professional intervention is often required to reduce any anxieties. This was resonant in my experience with my mentor while carrying out this procedure. Critically reflecting and understanding my feelings around giving the IM and after the procedure makes me think and evaluate what l ought to do differently in the future. This will enhance my technique and practice while also benefiting patient care. I am now aware of my competence as my mentor highly commended on my confidence, technique quality and the communication that l maintained with her throughout the procedure. Conclusion The description given in this paper is a general and subjective one that attempts to address my feeling and experience of giving the IM. It also aims at indentifying patterns and schemes in the experience of individuals in a similar context of giving IM for the first time. I believe, my experience will help educators to better understand the meaning of the anxiety that is observed as students undertake the act of giving their first injections. It will also help other students reflect and come to understand the meaning of that experience and not feel overwhelmed by this crucial initial experience. Action Plan I created an action plan to improve my practice and set out a course of action should a similar incident occur? Recording an entry in a reflective journal enabled me to record areas of practice that I want to develop and will allow me to track my progress regarding the administration of IM injections (Jack and Smith 2007).I also developed listening skills. Stickley and Freshwater (2006) argue that effective communication, which involves active listening, is an essential nursing skill, because of its beneficial effects on the patients experience. Word Court: 1100

Germany: The New Battle :: European Europe History

Germany: The New Battle Thesis: This paper will argue that Germany needs to secure itself as both the economic and political hegemon of Europe inside of the European Union; until its present condition and effectiveness in the global politics changes, instability in the European Union, as well as, basic fear of will always be present. I. Introduction II. Historical Perspective-The two negative factors A. Fear - twice in one century 1) Bismarck/Frederick II 2) Hitler B. Foolishness 1) WWI 2) WWII III. Reunification - The Key A. Economic realities 1) E. Germany's status 2) Infrastructure B. The significance of one Germany 1) Future 2) Politics IV. European Union-The means to and end A. European "check and balance system" 1) Hope for the future 2) Provisions for success B. The answer to a disturbing question 1) Can Germany be strong and peaceful? 2) France and England V. Conclusion The formation of a state can be both a beautiful and terrifying event . As a national you now have a home and place to live with people of a common culture and heritage, an identity. If you are a founder of the new state, there would be a sense of accomplishment of having achieved the fulfillment of a lifetime goal. Other states which deemed this new state as legitimate and recognized it as a self-determined equal, have created a potential ally or enemy. The downside, the premature recognition and the actual struggle for that status, usually entails conflict, loss of life, revolution and even war. A state was formed and recognized in 1871 in the center of Europe. This event has had an enormous impact since its inception. It has been both the salvation of Europe through economic depressions and hard times, as well as, the cause for two world wars and the near decimation of Europe. Its people have been back and forth between rags and riches, democracy and dictatorships, united, broken and then reunited. This state is known as Germany. Modern Germany has been reunified after almost 50 years of separation during the cold war. Once again German power and influence is on the rise. The world watches because Germany has not been able to successfully retain both total sovereignty over its territory and be an economic world power, for a substantial period of time; without plunging the world into an unavoidable conflict. The question of Germany and its position in world politics is one which has plagued statesmen since Germany's formation.

Biography of Jean Jacques Rosseau

Rousseau was born in Geneva, the son of a watchmaker. His mother died shortly after his birth, and his aunt and uncle raised him. At 16 he set out on into the world which brought him into contact with Louise de Warens, who became his patron and later his lover. She arranged for his trip to Turin, where he became a Roman Catholic convert. After serving as a footman in a powerful family, he left Turin and spent most of the next dozen years at Chambery, In 1742 he went to Paris to make his fortune with a new system of musical notation, but he failed. Once in Paris, however, he became friends with Denis Diderot. Diderot later commissioned Rousseau to write articles on music for Diderot†s Encyclopedia. In 1749, Rousseau won first prize in a contest, held by the Academy of Dijon, on the question: â€Å"Has the progress of the sciences and arts contributed to the corruption or to the improvement of human conduct? † In 1765 he was expelled from Bern and accepted the invitation of David Hume to live at his house in England; there he began to write the first part of his Confessions, but after a year he quarreled violently with Hume, whom he believed to be in league with Diderot and Grimm, and returned to France in 1767. After wandering through the provinces, he finally settled in Paris, where he lived in a garret and copied music. The French authorities left him undisturbed, while curious foreigners flocked to see the famous man and be insulted by him. At the same time he went from salon to salon, reading his Confessions aloud. In his last years he began Reveries du promeneur solitaire, descriptions of nature and his thoughts about it, which was unfinished at the time of his death. Shortly before his death Rousseau moved to the house of a protector at Ermenonville, near Paris, where he died. In 1794 his remains were transferred to the Pantheon in Paris. Few people in the Enlightenment Period equaled Rousseau†s influence on politics, literature and education. Rousseau†s thoughts begin with the fact the he believed we are good by nature but when put in society we begin become more disorganized. According to Rousseau, humanity†s only flaw was social behavior as he stated in his book â€Å"The Social Contract. † â€Å"But human nature does not go backward, and we never return to the times of innocence and equality, when we have once departed from them. † (The Social Contract, Book I, Ch. ) Going along with his idea of social order was Rousseau†s aim at freedom. He believed that the purpose of law and government was to expose the people†s wishes for the ideal government. Rousseau†s theory was, since the people decided if a ruler is fair or not, it was up to the society if the government was able to grant the people their liberty and well being. Basically, the government was only as strong as the people worked for it to be. If society didn†t like the tactics used by the ruler, the government would not gain control. Rousseau†s ideas on education are still used today. Rousseau outlined in his book, Emile, that education shouldn†t be viewed as trying to get a child to understand everything, but to draw out what was already in the child. Education was to be monitored and controlled very carefully and in the end, the process should result in the natural development of a child†s potential. Rousseau†s writings were always personal, describing his deeply keep secrets and thoughts. During the Enlightenment Period, Rousseau†s writings were incredibly popular. His book, Heloise, was one of the most popular and his book Confessions is still widely read today. His knowledge of musical theory was amazing because it was self-taught. Although his work did not have an effect on Enlightenment music, his compositions live on today. Rousseau†s influence on the Enlightenment was just as great as many of the more well know philosophs. Rousseau expanded on John Locke†s theory that a society has the right to question the authority of an unjust ruler. Rousseau highly influenced German and English romanticism, a movement in the 18th century that was marked by an emphasis on emotion and imagination. His thoughts about the rule of the government had a profound impact on French revolutionary thought. During the Enlightenment, people were beginning to become more independent and question authority. Society was starting to move away from conventional thinking and Rousseau social contract was the beginning to this revolution. Rousseau†s social contract was an addition to Thomas Hobbes†s social contract. Rousseau†s version stated that the contract was an agreement between free individuals to create a society and a government while Hobbes believed the ideal relationship was between a society and its government. Rousseau contributed greatly to the movement in Western Europe for individual freedom and against the absolutism of church and state. Rousseau†s ideas were a stepping-stone onto which the American colonists followed. Using Rousseau†s ideas on individual freedom, the colonists declared their independence from Great Britain and formed their own colonies. Rousseau†s ideas on education not only reflected the movements of his time, his ideas started a new movement. His thinking has not only influenced our ideas on education, they have formed the basis for what we believe in. Rousseau believed every child had the potential to become great, but it just a matter of releasing their knowledge. Teachers today use Rousseau†s thinking of allowing the free development of human potential to guide students through life. His ideas on education were new and different at the time. With these ideas, Rousseau added to the spirit of his time by creating new standards on education and learning. Rousseau†s thoughts can be summed up in a quote from his book, â€Å"The Social Contract,† (Book 2, Ch. 2) â€Å"Man is born free and everywhere he is in chains. Let us then admit that force does not create right, and that we are obliged to obey only legitimate powers. In that case, my original thought recurs, live free as equal individuals in a state of nature. â€Å"

Statement of Goals and Choices

This project clearly shows mages that have a positive view on math and science but a negative view of English. The reason being is because I wanted to show what most people In the united States think about English. The use of black and white pictures was to show that the matter at hand is serious and that it is black and white, meaning that there is two sides you can choose. This effectively forces the audience to automatically start thinking about which side they will choose. Making this exactly what I wanted to achieve, to make people think deeply about education.Pictures having people who hate reading represent the stress that comes along with the subject of English. Other pictures give a real feel to the audience because the pictures show actual facts, people, or things that represent emotions and connotations In the realm of education. No matter how far fetched the pictures were I was able to connect them to the goal of getting English to be a more sought after subject. My audie nce for this project was very broad. I chose to target the entire united States.This seemed necessary because children aren't able to choose things for themselves their whole lives but when they get older propaganda they have seen will still have an affect on them. So, If parents were to see the posters the hope would be that they would be able to help the process of their child being more Involved with English. Other audience members would include everyone from the President down. The broad audience to me was a way of having some type of call to action to citizens and officials alike.This medium was chosen because I felt that the more original and authentic the project was people would make personal connections. I think that personal connection Is the most effective way to Influence and educate someone. If they feel that they are a part of the argument it may lead to them doing their own research. Other projects such as; videos, blobs, and digital posters did not appeal to me. The reason being is because I am talking about English needing to be the more important subject in schools. Sing technology seemed a little hypocritical and the affect that he plain black and white photos have on people Is perfect. Mediums other than mine did not feel' right. This lead me to Just doing something simple because that Is naturally to most people. The ability to be literate is a rarity in the world, why do most people take it for granted. This project shows exactly what message I was trying to get across and its simplicity makes people over look the depth of each photo. Which in turn makes them wonder and think, which is all that is needed when trying to influence people.