Personal essay on one thing I would change in the world

Personal on one thing I would change in the world - Essay Example I grew up in a small village, where I saw girls aged five or six, carrying younger siblings, and begging on the streets for food. They were dirty, unkempt and wore clothes that were little more than rags. I wondered, why their parents would not give them enough to eat, till I was told that their parents probably gave them all they had, and went hungry themselves. They lived in hovels, and often while the older children begged, the younger ones were asleep on the roadside probably having exhausted themselves crying. As I grew up, and left the village to pursue my studies in a bigger town, these images stayed with me. However, to my dismay, I found that there were more such beggars there, than I had seen in my village. It struck me then, that I lived in a poor country where poverty was a curse suffered by large numbers of the population. It was at this stage of my life, that I made up my mind to do my bit to ease the pain of these poor, unfortunate people. My parents were happy to see that I felt so much sympathy for those less fortunate than me, and encouraged me to do small things like offering food, sweets or clothes to poor people nearby on my birthday, instead of having a party for my friends. Fortunately, my school too was at the forefront of social work, involving educating those who did not have the means to go to a proper school. We students, were taken to nearby rural areas, to mingle with the villagers and understand their problems. We also sometimes helped the younger children with t heir homework, and encouraged them never to stop their schooling, because many children are forced to stop going to school, and instead help their parents out in small jobs. As I graduated from high school, I realized that the means to end poverty was education. I found that poor children were less healthy, and more prone to disease than their peers in more advantaged homes. Living in unhygienic surroundings, and never having the benefit of being educated in the

Securities activities of banks class Essay Example | Topics and Well Written Essays - 2500 words

Securities activities of banks class - Essay Example According to the 2008-2012, Global Economic Crisis report, interplay of a number of factors may have triggered this crisis. Some of those factors include high-risk mortgage lending rate, inaction by the financial systems’ regulators to enforce available financial prudence acts and laws which created a loophole that allowed some financial players to act and lend imprudently, untrue credit ratings given to investors by some financial system players to woe and attract investors, and valuation and liquidity problems in the banking systems of global economies. Its turbulences and ripple effects have been heavily felt by virtually all economies, both great and mighty, and fairly considered small ones.1 A number of research have been done in the line of global economic crisis delving into what may have been underlying factors that led to great global economic recession. Commissions of inquiries into causes of the global financial crisis have been constituted and reports have been raised on the possible factors that may have triggered the crisis. Levin-Coburn Report in particular investigates on causes of financial crisis and concludes that, the crisis that plunged many economies into collapse was avoidable if due diligence was followed by major players in the banking systems, especially the ones in the mortgage lending section. Prudence in mortgage lending and adept adherence to the financial regulations and acts could have certainly saved many financial economies from collapsing under the harsh effects of the global recession. To avoid failures by banks insinuated as possible reasons for the global economic crisis, financial regulators have tightened the existing regulations on le nding, liquidity and reserve requirements among others, and banks are now keener in how they handle credit risks. The concept of Asset securitization as a prudent risk management tool is finding global acceptance and many financial institutions concede that it could have