Assessment Portfolio and Analysis Essay Example for Free

Assessment Portfolio and Analysis Essay The purpose of assessment. b.Your plan for including assessment when working with children. c.How you can use assessment to document children’s work. d.How you will use children’s interests and ideas when assessing. Assessment Portfolio and Analysis The mission is to help children/students to better themselves and be able to finish any task that they have started to the fullest. The goal is to determine where the child is at developmentally/educationally. I will learn where the child stands, what they already know and how farther they can be pushed to achieving our goal. According to the text, â€Å"Assessment is the process of gathering information about children from several forms of evidence, then organizing and interpreting that information† (Wortham, S.C. (2012). I know that it is the teacher’s responsibility to test the students, from that the teacher will be able to understand where each individual child stands. My plan for including assessment when working with children is to be able to carefully be assess the child and take my time. I will make accurate decisions regarding the child and will include the child’s parents as well for their input. One way that I can use assessment to document the child’s work is through portfolio. According to teacher.scholastic.com, â€Å"These purposeful collections of childrens work illustrate their efforts, progress, and achievements over time. Teachers and children can compile the collections together from work completed in the classroom. As they talk together about the childs interests and progress, they develop new activities for the child to focus on.† (http://teacher.scholastic.com/professional/assessment/perfassess.htm)

The Phi Phi Islands

The Phi Phi Islands The Phi Phi Islands are situated in Thailand, between the large island of Phuket and the western coast of the mainland. It is consisted by group of islands such as Phi Phi Don, Phi Phi Lae, Bidanok, Bida Nai, Yoong, Pai, the largest of which is named Koh Phi Phi Don, the only one with permanent inhabitants on. As a scene of a British-American film ‘The Beach in 2000, this island came to a worldwide tourist attraction. Unfortunately it was trampled by the Indian Ocean Tsunami on December 2004, when almost every infrastructure on the island is destroyed. Till now, most of this has been restored and reopened to tourists all over the world. As established a national park of Thailand in 1983, the islands feature beaches and limpid sea water are under the protection of local government. Tourism on Phi Phi, like the rest part of Krabi province, has developed only very recent years. It was so natural that only the most adventurous visited this island staying in only the most basic accommodation in the early 1990s. Nowadays, however, this island is becoming one of the major destinations for travellers in Krabi. Compared to other islands nearby, Phi Phi islands are still highly less exploded, where no road on the largest island while the others are completely free of human inhabitants. Hence visitors would enjoy their casual vacation without hustle and bustle. Based on its idyllic tourism resource, hiking, snorkelling and diving are the activities most highly recommended by every tourism agency company. Meanwhile fishing, rock climbing and cliff jumping are enjoyed among their specific participants. Tourism System Identification Before starting to write a management plan, it is necessary to identify resources of main destination. Resources include natural resources, culture, capital and organizations. Natural resources are climate, water, geography and scenery. Culture is about historic sites, cuisine, religion, local celebrities. Capital includes infrastructure, transportation and financing. Organizations are including public and private sectors. Natural resources Ø Weather Phi Phi islands are located between the Pacific and the Indian. It is located about 50 km from Phuket. Because of its location, the weather is around 24 °C to 32 °C year round. From November to March is the best time to visit the island. However, local people enjoy from June to August. The reason is the weather is good and there are less people or tourists in famous sites. Ø Water and Geography In 1998, over 150,000 tourists visited Phi Phi islands and most of them are foreigners (Seenprachwong, 2001) because the Phi Phi has 3S. These are Sun, Sand and Sea. The sea is very beautiful and clean so that it is famous for scuba diving and swimming. The island is composed by limestone. Hence, it has a significant view of reefs. People even can see it clearly under the water. Moreover, in the south-east of Phi Phi Lay, there is a place called Viking Cave. The cave is full of wall paintings. Most paintings are elephants and boats. It is shown that people has lived in Phi Phi Island long time ago. Phi Phi Don is the biggest island. In the north of this island, there is called Laem Tong. It is a best place for scuba diving. The plentiful, various marine ecology is the most important reason. Beaches such as Ao Lodalum and Ao Ton Sai are also good places for tourists to have a relax moment in Phi Phi. Ø Scenery As this report mentioned before, Phi Phi is part of National Park in 1983. In 1990s there are more and more people came to Phi Phi Islands. There are two reasons. The first is that it is near to Phuket. When Phuket is crowded by tourists, some people will come to Phi Phi for enjoying a relaxing and quiet time. The second reason is that the island, Phi Phi Lay is the scene of the movie â€Å"The Beach†. This place is Maya Bay. Some of tourists will come here to have sightseeing and have an adventure to experience sceneries of the movie. Culture Phi Phi island is belonged to Krabi Province. The population of Krabi is about 458,000 in 2000. 60 percent of people are Buddhists. 40 percent are Muslims. It makes the place with plenty of events. For example, there is a celebration called â€Å"Songkran Festival† during the Thai New Year. People will celebrate by visiting temples, sprinkling water on Buddha images for showing respects to Buddha, and sprinkling water on each others hands for wishing good luck. However, it becomes a water fight in recent years. Everyone is crazy to pull water on each other, no matter friends, strangers, or tourists. There is no exception that people will not get wet on that day. The report has mentioned there is a Viking cave in Phi Phi Lay. The cave is full of ancient paintings. It is a place to discover ancient history. Because paintings include many kinds of boats, Chinese boats and European boats, this place might be a transfer harbour of trade or a shelter for mariners from storms. Most of hotels and restaurants are in Tonsai. The famous cuisine in Tosai is seafood. People sell fresh seafood which is caught in the morning to attract tourists. After sun sinks into the sea, many nightclubs, bars are lightening up. Some restaurants only open in the night. Capital Ø Infrastructure Since 1990, the tourism development makes this place more and more crowded. This development lets the environment in danger. When the movie â€Å"The Beach† filmed here, the company destroyed the environment by cutting down trees and planted coconut trees, building villas. This made a huge impact while tsunami hit Phi Phi islands in 2004. Most of buildings collapsed, around 70 percent. Thai government even prohibited people go to the island. After July, 2005, most buildings were rebuilt by government and about 300 shops and events started again. After this natural disaster, Thai government started to plant trees which were big enough to reduce damages by natural disasters. Also, they proposed an agenda to protect local environment by limiting the development of hotels and setting up the limitation of tourists. However, local people were against this proposal. There were near 1500 hotels and restaurants opened again in the end of 2005. Tonsai is the main place of tourists. There is a tourist information centre. There are few banks in Tonsai which is located in Phi Phi Don. However, there are no banks or ATMs on the east coast. People only can change or withdraw money here. Ø Transportations Phi Phi is near to Phuket and Krabi, only 50 km. There are two ways to go to Phi Phi. The first vehicle is ferries. People can take ferry form Phuket or Krabi. It takes 90 minutes. Moreover, people can travel by ferries with their cars. However, it only has two ferries each day. The other option is by speedboats. Companies are private. There are some speedboats companies to choose. It is more flexible then taking ferries. People can even get to their chosen resorts to save more time. The inner roads of islands are small. The island is small, about 28000 km ². Hence, the most famous vehicle which people can use is bicycle. Organizations Ø Public The number of tourists is increasing year by year. It was 2.5 million in 1981, and 11 million in 1993 to the national parkas. Because of this, the government revises laws year by year to solve the environmental problems. Hence, the Thai government had a proclamation of the Enhancement and Conservation of the National Environmental Quality Act. Of B.E. 2535 (1992). This Act is about prescribing how to manage, plan and maintain the environmental quality. There are some features of this Act, such as the polluter pays principles, designation of environmental conservation and protection zone, pollution control zone and special working group. Besides, The Tourism Authority of Thailand (TAT) had an event which could awake peoples awareness of environmental conservation. The authority used many ways to tell people how to protect environment, such as media, TATs publications and news. TAT also trained youth people to have knowledge of conservation. There were some campaigns which were held in tourist destinations calling people from every community to clean destinations, such as â€Å"Beautiful Phuket† project. Ø Tsunami Warning System Tsunami warning system is established in 1949. It is a system which can predict where tsunami happens and warn people to reduce damages. There are 26 countries and states joining the system. Thailand is one of members. However, before 2004, there is no detection system in west coasts of Thailand. That is one reason why Puket and Phi Phi Island had a huge damage. After this, the government set up the system in west coasts. In last year, there is about 14.09 million tourists from everywhere to Thailand. Ø Private After tsunami hit Phi Phi Island, a resident in Phi Phi gathered local Thais and foreign volunteers to help people to live. The group was called â€Å"Hi Phi Phi†. First, they cleaned up Phi Phi Islands. Then, they help local people to repaint houses, hotels and replant trees. They were essentials and hopes for restaurants, bars and guesthouses in Phi Phi Island to support their life. Now, their mission is complete. The group is trying to help local people for setting up charities. Charities can assist people to reconstruction and take care of orphans in a long-term. Phi Phi Island is the renowned and alluring tourism destination in Thailand and in particular famous for its diversity of diving reefs and habitats. The regular tour activities of phi phi island include scene watching, fishing, diving, rock- climbing, sea kayaking and spas. Management Plan Ao Nang Tourism Strategy Steering Committee (ATSSC) is the regional institution based on Phi Phi Island and specific in exploring new tourism attractions; promote the resorts and public the up-to -date tourism information. ATSSC is the leader in achieving a sustainable tourism destination by balancing the economic profits and environmental, local cultural value in a regional and global context. The main target of the committee in 2010 is to project the â€Å"Phi Phi Island Tourism Development Program 2010†. Objectives First, combining the amazing natural resources and unique local cultures to foster the tourism industry as a viable sector of local economy(Stynes,D OHalloran,C,1987); to position the Phi Phi Island as the preferred four-season tourism and sports activities destination and build a recognizable even yearning image of Phi Phi Island among the travellers around the world. Second, to encourage marketing initiatives that based on the existing tourism resources and comparative advantages to promote tourism development. On the premise of not ruining environment, the committee and local communities try to explore new activities to attract more staying visitors through promotion and provision of visitor infrastructures, tour services and characteristic events. Third, to ensure the program is the well-managed process (D. Stynes C. OHalloran, 1987), keeping the tourism development with the carrying capabilities of the host community, balancing the needs of the travellers and needs of the local residence. The locals which live in the prime tourism location have great impact on the tourism development. One of the key objectives of the program is to gain a greater level of acceptance and support of local people, teach the locals to understand the impacts of tourism on local economy as well as to facilitate efforts to upgrade the quality of service, amenities and attractions. Tourism is the pillar industry in Phi Phi Island, the committee aims to create more job opportunities and foster the investment through the program so as to enhance the viability and sustainability of local economy. Tourism development is a systematic project which requires corporation among economic development agencies, the government representatives and tourism agencies(D. Stynes C. OHalloran,1987). One aim of the program is to gain genuine willingness to promote greater cooperation as well as to share responsibilities among different social sectors to facilitate the feasibility of the objectives and achieve the best results. AlternativesGeneration To generate tourism development alternatives requires some integrated analysis of local resources and demands of visitors. The committee present three tourism development plans as below: Ø International Water Sports Centre: Phi Phi Island is the most attractive scuba diving destination in Thailand because its tranquility privacy and its bespoke diving pier.(McGeown K,2005) The uniqueness of diving in Phi Phi Island compare to other islands in Krabi province are the amazing limestone cliffs drastically straight jutting out of sea and down to the sea as well as its diversity of diving reefs and habitats. On the basis of advantaged natural resources, the committee schemes to build Phi Phi Island as the world renowned Water Sports Centre (WSC scheme) covers from diving, snorkelling to sea kayaking. Ø Wedding Paradise: Phi Phi Island is the delightful place that full of cultural flavor and receives much exposure from Hollywood movies. The Maya Bay is the original setting place of love movieâ€Å"The Beach† starred Leonardo Di Caprio and â€Å"The man with golden gun† with James Bond. The remarkable natural scenery not only attracts the big names, the alluring local culture also fascinates the new couples and honeymooners around the world. Infinite business opportunities hide in the pristine beach and crystal clear water, the ATSSC committee projects a theme tour that target on the young people, in particular the young couple to cater for the weddings and honeymoon services. This proposition will not only attract more staying visitors, but also drive development of related industries such as hotels, restaurants and bars and ferry industries. Ø Ultimate Wellness Sanctuary: The Phi Phis natural beauty is a large chunk of allure that attracts visitors from all ages. The path behind the Tonsai Village is the ideal position to view the classic landscape, and the long beach is super excellent for the view of sun rise and sun set. After one day trip, having an energy-enriching treatment is the fantastic enjoyable finish. Phi Phi Island is one of the origins of Thai Spa due to its rich natural materials include flower extracts, plants oils, sea weeds and fish-roe. The committee proposes to upgrade the spa treatment on Phi Phi Island to an upper class on the basis of pure natural resources and traditional massages. Transform the spa industry from the tourism supporting business to the core local industry. Alternatives Evaluation It is important to evaluate the tourism development alternatives from the feasibility analysis and impact analysis with the â€Å"Benefits and Cost† approach which link the tourism activities with the stability of local economy, the sensitivity of environment and social structure (Walsh, R.G, 1985). The tourism development program impact on Phi Phi Island as below: Impact on local government: local government takes the major responsibilities to provide the infrastructures and services that key to tourism development. Developing the new tourism project can push government to ensure the carrying capacities, infrastructures that to meet the anticipated demands. Phi Phi Island has rich storage of natural resources and its tourism has developed more than two decades, in particular the diving industry has grown maturely. The new tourism project will reduces the capital pressure of government and increase the government revenue through charges, sales and taxes. (Stynes, D.J, 2004) Impact on local business: The tourism development can directly serve the community benefit and drive related industries. The diving centre can attract more divers that stimulate the development of local transportation; the wedding services drive the growth of flower planting and the spa industry generate more job opportunities for skilled locals. However, the key point for tourism development is the more â€Å"self-sufficient† the community is, the better the tourism impact. (Stynes,D.J, 2004) For example, although Phi Phi Island has the fantastic diving sites, the necessary diving equipments are mostly imported from U.S, Europe and Australia. If these products are bought to mush from outside, the large amount of tourist spending will leak out of the local economy. Impact on environment and residence: The quality of environment and life may go up or down depends on the way of tourism development. (D. Stynes C. OHalloran,1987) Developing Tourism may generate more job opportunities and increase revenue as well providing more retailers, hotels and restaurants; however, from the other hand, it also mean the higher living cost, busier traffic and higher tax, and the possibilities of environmental damage. (D. Stynes C. OHalloran,1987) In addition, tourism is the season-sensitive industry, and tourism work are basically in service sector and most are seasonal, part-time and low wage. The local government and tourism committee should balance the benefit and cost of tourism development and make a sustainable and strategically tourism development plan. Tourism Development Decision Tourism development plan should consider the relative roles of social sectors and involve a series of decisions. The ATSSC project the tourism program from four aspects. Segmentation: Phi Phi Island is the alluring destination full of natural resorts and cultural mystery that attract the customers from all age groups all over the world. The target market of new tourism program is more precise based on the demographics and interests groups. Phi Phi Island is famous for its diving and sports, the committee aim to build the Phi Phi Island as the paradise of young people who love sports and beauty and are keen to spend indelible holiday in the pearl of Andaman Sea (Xinhua,2006). Place: The destinations of Phi Phi Island program include the Phi Phi Don, Phi Phi Lee and the group islands. The key to perfect the local tourism is to regulate and improve the transportations among the different diving sites and attractions by combining the ferries, fast boat with the traditional boats as the uniqueness of local tourism. Upgrade the local attractiveness: Ø Diving: The Phi Phi Island will offer the remarkable variety of diving possibilities to different degrees of divers from beginners to expertise. The local diving club will provide four-hour â€Å"Discover Scuba Diving† to the beginners that introduce the basic skills, the equipment instructions and accompany the divers all the time to experience the beauty of white coral bush. For the divers who want to be certificated divers, the club will advise them to join the â€Å"Dive the globe† program to take further experience in the most popular diving site the Ko Bida Nok to appreciate huge garden of star corals and incredible beauty of anemones as well to play with the clown fish. For the certificated divers and PADI divers, the club tailors the special activities and guides the divers in small groups in speedboat and long tail boat to experience the specialty dives. (Udomsak,S,2003) Ø Snorkeling and Sea Kayaking: There are abundant coral reefs systems around Maya Bay, Pi Leh Bay and Bamboo Island that fantastic for snorkeling. Kayaking some uninhabited beaches and Viking caves in other islands is also the glorious alternative to the adventure potentials and addition to the overall water activities. Ø Wedding and honeymoon service: No one can reject the wedding with serenaded by sea gull and waves on a tropical pristine beach, massaged by soft sands and warm water from Andaman Sea. The tourism committee closely connected with the local premium hotels will offer one-step wedding services with world-class hospitable residences, fresh and colorful flowers and lovely weather. There are variety wedding package can be chose, from economic to luxury all guarantee to leave you the scared and memorable wedding. Ø Ultimate pampering spa: On Phi Phi Island, the visitors can experience the authentic Thai style spa in the atmosphere of tranquility. Phi Phi Island has its favourable natural advantage that has a rich storage of natural material, however, the massage parlours lack the unified standards and regulations to ensure the quality of service. The committee projects a training program for all the massage parlours on Phi Phi Island include the security check of environment, quality check of massage products, the certification of skill workers; the program does not mean to standardization of the spa service, on the contrary, the committee encourage the massage parlours to offer the unique services on the basis of security. Expected results The program will be launched on May, 2010. In the initial period, the committee and local government will focus on completing the local infrastructures and improving the carrying capacities to satisfy the increasing demand of anticipated visitors. With the international water sports centre completed, the committee anticipates Phi Phi Island will become the key all-round tourism destination in Andaman Sea. Tourism is a systematic industry, the committee hope to take advantage of new round tourism development program to drive speed growth of local service business, transportation industry, generate more working opportunities as well to build the goodwill image of Phi Phi Island around the world. Sustainable Development Considering the graceful scenery given by earth, it is absolutely a competitive advantage for their tourism industry. However, small island ecosystem is less complicated hence fragile, even slightly changes may cause the collapse the whole food chain on this island. Without mentioning the careless visitors from every corner of the world, the most careful travellers would leave their trail by hiking, diving, or even simply breathing. For example, a new exploring route through jungle might threaten the small animals feeding on bugs and worms, would directly cause the drastically rise of natural enemies to plants. Under the circumstances of spices singularity of small ecosystem, such change is fatal. Then how to protect the environment while making fully use of its natural resources is the question facing to authority. First of all, environmental protection awareness should be engraved on everyones mind. There should be consideration of environment protecting details through every step of development. From raw materials of building infrastructure to conspicuous signs at which remind travellers and even emission control of transportation, are basically demand. Second, accompany with the increasing tourism industry, a comparative rise of local inhabitant is a vital strike on ecosystem. Instead of restricting people moving onto the small island, it is wisely for authority to encourage local resident moving out, meanwhile providing more convenient transport. At last, there should be a visitor quantity control system. Providing different promotion and differentiating events, to avoid a capacity overload, which would lower the customer satisfactory and even lead to environment disrupti on. Apparently, there would be a conflict between sustainable development and profit maximization, however, it refers to improve reasonably and continuously. Conclusion Based on the identification of Phi Phi Island tourism system from variety resources including natural, culture, capital and organizations, this report set up series of objectives. In order to fulfil fostering the tourism industry with a combination of natural resources and local culture, encouraging promotion on existing tourist activities, and developing local economy through providing more job opportunities and attracting investment, several alternatives were generated. But these alternatives may influence the stability of local economy and environment. After evaluation of the impacts on different aspects from those choices, this plan made appropriate modifications to accomplish goal. In the end, a successful alternative requires thoroughly resources analysing and impacts predicting with a sustainable implementation, so that achieve the initial objectives.

Role of Monetary Policy in Financial Crisis

Role of Monetary Policy in Financial Crisis 1. Introduction To begin with, it is noted that over the last year or so, financial institutions in the major economies have reported losses on a large scale. Some of these have become insolvent, or have had to be taken over or rescued by their governments. The 2008 Global Financial Crisis Credit Crisis has affected millions of Americans specifically and others around the World in general terms. Associated with all of that has been a massive swing in the appetite of the World financial markets for risk, and in their capacity to accept risk. Thus, the result has been a shift from an easily available credit to tight credit. This crisis which began in industrialized countries has shifted dramatically spread to emerging market and developing economies. Many wealthy investors or so have pulled their capital from countries, even those with small levels of perceived risk, and hence causing values of stocks and domestic currencies to plunge. Moreover, the crisis has now moved from containing the contagion to coping with the global recession and changing regulations to prevent a reoccurrence of such a problem. Some security and foreign policy effects of the crisis also are beginning to appear. In addition, policy proposals to change specific regulations as well as the structure of regulation and supervision at both domestically and internationally levels have been coming forth through the legislative process. As one can bear in mind, In June 2009, the Obamas administration announced its plan for regulatory reform of the U.S. financial system. For example, in Congress, numerous bills have been introduced that deal with issues such as establishing a commission or selecting a committee to investigate causes of the financial crisis, provide oversight and greater accountability of the Federal Reserve and Treasury lending activity, acting towards the problems in the housing and mortgage markets, provide funding for the International Monetary Fund, address problems with consumer credit cards and establish a systemic risk monitor. Therefore, the transmission of the crisis from the U.S. and Europe to the rest of the world came through a number of channels. The financial institutions in most emerging market economies had not been involved in practices that are seen in the institutions that populate the financial centers in the major industrial countries. To that extent, financial institutions in the emerging economies either shied away from the more exotic instruments, including such things as credit default swaps and collateralized debt obligations, or were prevented by regulation from holding or trading such instruments. Banking had to come of the most à ¢Ã¢â€š ¬Ã…“boringà ¢Ã¢â€š ¬?, old fashioned ever! (The New York Times has reported on last September 2009 about the moves to replace the bust securitized mortgage market with a similar scheme dealing in life insurance policies, products that are as distasteful as they are foolhardy). The question is, can anything be done to ensure more responsible financial practice? If we are suppose to talk about the US economy, we would notice that President Barak Obama marked the anniversary of Lehman collapse with a plea to bankers to not get complacent, telling them to get their house in order, or else face further regulation. We can indicate that over the past year, the financial male storm has battered the global information and communication technology industry, affecting profits and pushing down the industry in a manner reminiscent of the 2001 à ¢Ã¢â€š ¬Ã¢â‚¬Å" 2002 dotcom busts. It is gradually finding its feet again, but it isnt out of the woods yet. The global financial tumult has forced a number of companies to reanalyze their cost benefit analysis, ensure efficiency and improve productivity. Companies in sectors such as telecom and finance have already realized the need of IT outsourcing as a solution in the changed market dynamics. Therefore, this research paper provides a review of how the financial crisis has affected many regions of the world, proposals for a regulatory change, indication about the role of Monetary Policy the level of Political Economics that have been intervening in the Financial Crisis. It also identifies some basic challenges facing the globe suggests possible solutions for the Banking Field to overcome the crisis. 2. Literature Review The financial crisis was triggered by the bursting of a credit-fuelled bubble. Regulation and regulators did not cause this fatal bubble, but they did indirectly help it to grow by fostering the illusion of financial security. Many developing country economies are yet growing strongly, though the forecasts have been downgraded in the space of few a few months. What does the turmoil mean for such developing countries? And for how much longer can growth persist? What are the channels through which the crisis could spread to and how are the effects being felt and in what cases? What is the role for development policy and what do policy-makers need to know? Brooke Masters (2009) claimed: So far, most countries are avoiding a regulatory race to the bottom à ¢Ã¢â€š ¬Ã¢â‚¬Å" if anything, they are going the other way. The UK, for example, is pressing ahead with its own liquidity rules, while the Netherlands has pushed through curbs on bankers bonuses. Even Singapore, which has long been favored by financiers for its à ¢Ã¢â€š ¬Ã…“light-touchà ¢Ã¢â€š ¬? regulatory regime, considering tightening up its rules. However, Joshua Aizenman (2009) indicated that costly regulation can mitigate the probability of the crisis. We identify conditions where the regulation level supported by the majority is positive after the reform, but below the socially optimal level. A big portion of the financial crisis has had to do with under regulation and regulator duplicity with malefactors. If we look at the banking rules, we shall discover that allowing investment and commercial banks to merge, without a specification of a tighter capital rules, and hence, these new mega banks became overleveraged without examining their loans or the instruments that derived from the bad loans these banks made in the first place. In his writings about Liberalism Ludwig von Mises (1927) indicated that government intervention in markets would lead inevitably to unintended consequences that resulted in further government intervention. It is difficult to correct a problem when the cause of the problem is misunderstood. The presidential and vice-presidential candidates in the United States have all said that à ¢Ã¢â€š ¬Ã…“Wall Street greedà ¢Ã¢â€š ¬? has led to the financial mess we are in. On the very face of it, this does not seem likely. Even if greed leads to problems, is it possible that greed has suddenly become much greater than before? To raise an interest rate at some a time is a mistake and is likely to make a bad situation even worse. In many respects, central banks, including the Federal Reserve, have drawn heavily on important threads of monetary policy research in responding to the financial crisis. Lang Wang (2005) had explained with a binding capital requirement, the effects on bank lending supply depend on the size, the capital level, the balance sheet liquidity of banks and the capital distribution and market structure in the banking sector. In a similar context, Thorbecke (1997) finds that expansive monetary policy tends to increase ex-post stock returns. He reported that small firms tend to be affected more severely by the change in monetary policy stance. In addition, Paul Krugman (1999) indicated But when a financial disaster struck Asia, the policies those countries followed in response were almost exactly the reverse of what the United States does in the fact of a slump. Currently the traditional monetary policy of the Federal Reserve is to focus on targeting the federal funds rate, now that this rate has approached the zero-bound; it has shifted to focus on other ways to lower the cost of credit in the marketplace. Federal Reserve programs have intended to offset disruptions to interbank lending short-term credit financing. Since the credit crunch is caused by conservative lending policies during periods of financial duress and reduced profitability, one may finds that monetary policy is somehow ineffective in alleviating the credit crunch. Instead loan regulation can erase it. George Macesich (1992) argued that the poor performance of monetary policy can be attributed historically to the ease with which money has so often been made a political issue. He stated that For Monetary Policy to be credible, and thus successful, the hands of the Monetary Policy- makers are better tied than left free. Sun Ruijun and Bao Erwen (2008) have reported The in-depth development of economic globalization has made economic ties and interdependence between countries even closer, boosting the sustained growth of world economy, and benefiting many countries. The global financial crisis is more than just an economic event: It puts pressure on the geopolitical system and is driving states to change their behavior. Taking a snap shot on the GCC states, one can clearly define how largely it has been insulated from the global credit crunch because they are the proud owners of some of the worlds largest oil deposits. Much of this has been caused by massive infrastructure and development projects such as Qatars liquefied natural gas facilities, Dubais fanciful real estate explosion and Bahrains attempts to convert itself into a financial Mecca. The economic system has an effect on the political outcomes. Well-functioning financial institutions, in turn, can increase the political support for anti-corruption measures. Kira Boerner Christa Hainz (2006) argued When banks possess a perfect screening technology that allows them to deny credit to those debtors who use the money for financing an entry fee, the corrupt officials will still borrow from their relatives. However, compared to the case without financial institutions, the interest of corrupt officials and relatives in corruption decreases: Both parties have the opportunity to save at a bank. In similar terms, Torsten Persson (2000) had explained Economic policy is the equilibrium outcome of a well defined no cooperative game under preemptive assumptions about economic political behavior. At all levels, the present financial crisis requires a co-ordinate response on a global scale. The real risk to the world economy is the temptation to revert to protectionism by each individual country in order to solve their own domestic problems. 3. Research Methodology In choosing the correct research method to be used in this research paper, the survey research method by Questionnaires will be the basic research design. Each respondent will be supplied with a questionnaire titled How banks can overcome the Global Financial Crisis? The questionnaire is estimated to take no longer than 6 minutes for each reached individual regardless of the age. A survey of 68 individuals located in many counties throughout the country will provide the database for this study. The sample was selected on a probability basis from as much decision maker playing role individuals as possible in Bahrain. The questionnaire took place in Bahrain the response from the respondents took almost one week. Questionnaires were distributed randomly depending on many aspects such as: age, gender, employment condition most important of all, the level of knowledge regarding the topic under study. This research paper sampling volume totaled 68, out of which, males represented 38 and the rest 30 were for females. The original sample was 70, in which the researchers found that 2 individuals were students below the age of 18 and were unemployed. That made a quiet confusing decision to remove the two from the total sample, since at that age and being unemployed is not a truly decision maker respondent. 4. Challenges As the world look beyond the economic crisis, what are the most urgent challenges that are needed to be addressed? Gaining a proper perspective on the crisis itself is a first challenge. In recent decades, it has been demonstrated that a market which operates responsibly offers a more secure life and a best hope to people who seek a better standards of living wherever in the world they may live. This is absolutely fundamental. While it is true that the direct causes of the crisis the combustible mixture of excess leverage in both consumer and financial markets, the bank failures, the credit collapse have led to some painful consequences, it would be folly to conclude that the foundations of market economics have been irreparably damaged. A second challenge facing the Global is how to deal intelligently with the huge fiscal challenges ahead. The response of central banks and governments to the economic crisis may very well have averted a global catastrophe. However, massive fiscal obligations have been assumed by governments and this might take many years to unwind. What is needed is for countries to create and develop smart à ¢Ã¢â€š ¬Ã…“exità ¢Ã¢â€š ¬? strategies. Furthermore, as the private sector returns to some growth, this requires a determined pullback in government expenditure. Not an easy task: as we all know, the politics of unwinding government programs can be daunting. Here political courage and good public policy go hand in hand. The third challenge needs an urgent attention. It is acknowledged that the global economy is out of balance and that this is one of the reasons for the financial crisis. Massive reliance on external demand carries with it real consequences as does the excessive reliance on foreign investors to finance consumption and deficits for long periods of time. As one could realize, such imbalances can cause serious and long-lasting economic damage. There is also the challenge, or opportunity, of what to do with a countrys immense foreign exchange reserves. A Chinese think tank has come up with an exciting idea: that the reserves could be put to good use through the development of a Marshall Plan for Africa, Asia and Latin America. Such a development fund, or loan facility, would increase living standards in the targeted countries. The fifth challenge is enormously complex challenge that deserves attention. Sometimes we feel that we have loaded so many expectations onto the climate change agenda that it cannot help but fail. You would think that tackling this issue will give us infinite new sources of cleaner energy, and allow for the transfer of substantial amounts of financial and technological support to emerging economies. On the global side, No existing architecture is found to be proficient in preventing global crises from erupting. Since financial crises occur even in relatively tightly regulated economies, the likelihood that a supranational influence could prevent an international crisis from occurring is questionable. The financial crisis has been characterized as a à ¢Ã¢â€š ¬Ã…“wake-up callà ¢Ã¢â€š ¬? for investors who had put their faith confidence in. For example, credit ratings placed on securities by credit rating agencies operating under what some have referred to as à ¢Ã¢â€š ¬Ã…“wicked incentives and conflicts of interest.à ¢Ã¢â€š ¬? Moving forward to a sixth challenge, the Council on Foreign Relations explained the problem in a report on systemic regulation, as follows: One regulatory organization in each country should be responsible for overseeing the health and stability of the overall financial system. The role of the systemic regulator should include gathering, analyzing, and reporting information about significant interactions between and risks among financial institutions; designing and implementing systemically sensitive regulations, including capital requirements; and coordinating with the fiscal authorities and other government agencies in managing systemic crises. We argue that the central bank should be charged with this important new responsibility. Centers of financial activity such as New York, London, and Tokyo, race with each other and multinational firms can determine where to carry out particular financial transactions. This is to be addresses as one of the considerations in policy making. A seventh challenge is that a large financial institution that may be defined as large to fail represents the heavy arm that the world economy depends greatly on. If an institution is considered to be à ¢Ã¢â€š ¬Ã…“unsuccessful too big to fail,à ¢Ã¢â€š ¬? its bankruptcy would cause a major risk collapse to the system as a whole. Yet, if there is an implicit promise of governmental support in case of failure, the government may create a moral hazard, which is the motivation for an entity to be engaged in somewhat risky behavior, knowing that the government will rescue it if it fails. A further challenge is that the nature and size of accumulating financial and systemic risks have not been well identified by the existing micro regulation. It even didnt impose appropriate remedial actions. Even though some analysts and institutions were sounding alarms before the crisis erupted, there were hardly any regulatory tools available to handle with the increase of risk in the system as a whole or the risks being forced by other firms either in the same or different sectors. It seemed to be an insufficient response to some of these risks either by the authorities responsible for the mistake of individual financial institutions or specific market segments. A last fundamental challenge deals with the nature of regulation and supervision. Banking regulation tends to be specific and detailed and places requirements and limits on bank behavior. Federal securities regulation, however, is based primarily on disclosure. Registration with the Securities and Exchange Commission is required, but that registration does not imply that an investment is safe or secured, only that the risks have been fully disclosed! 5. Analysis Discussion When the U.S financial System falls down, it may bring major parts of the rest of the world down with it. The global financial crisis has opened the World eye on an important point: that the United States is still a major center of the financial world. Hence, Regional financial crises (such as the Asian financial crisis, Japans banking crisis or even the current Dubais Credit Crisis) can occur without seriously infecting the rest of the global financial system as does the United States economy. The reason behind, is that the United States is the main guarantor of the international financial system, the provider of dollars widely used as currency reserves and as an international intermediate for exchange, besides being a contributor to much of the financial capital that around the world seeking higher yields. The rest of the world may not appreciate it, but a financial crisis in the United States often takes on a global hue. To analyze the questionnaire, the researchers have used the SPSS program and the regression analysis in order to define some relationships that best help identify the problem under study. The descriptive statistical analyses questionnaire will be used, including calculations of sampling error, and statistical adjustments for unequal selection probabilities. Cross-classification analyses with demo-graphic, ANOVA, linear regression and T-Test is much more applied in order to explain some judgments. Since the researchers think that the gender is one of the independent variables that could test many hypothesis, three hypothesis were applied based on the dependant variable: First Hypothesis: There is no relationship between gender and understanding what is going on in the current financial news. Second Hypothesis: There is no relationship between gender and being informed about the à ¢Ã¢â€š ¬Ã…“Global Financial Crisisà ¢Ã¢â€š ¬?. Third Hypothesis: There is no relationship between gender and the decision that thinks of governments around the world should take in the financial sector towards their economies. The table below, represents the Statistical Data Analysis of the designed questionnaire: Table 1: SPSS Statistics for all questionnaire questions One-Sample Test    Question No.    Test Value = 0 Test Value = 0 N t df Sig. (2-tailed) Mean Difference 95% Confidence Interval of the Difference t df Sig. (2-tailed) Mean Difference 95% Confidence Interval of the Difference    Lower Upper Lower Upper Question_1 68 23.758 67 0 1.441 1.32 1.56 23.758 67 0 1.441 1.32 1.56 Question_2 68 17.636 67 0 4.206 3.73 4.68 17.636 67 0 4.206 3.73 4.68 Question_3 68 21.715 67 0 1.706 1.55 1.86 21.715 67 0 1.706 1.55 1.86 Question_4 68 22.401 67 0 3.868 3.52 4.21 22.401 67 0 3.868 3.52 4.21 Question_5 68 13.683 67 0 2.074 1.77 2.38 13.683 67 0 2.074 1.77 2.38 Question_6 68 8.596 67 0 2.029 1.56 2.5 8.596 67 0 2.029 1.56 2.5 Question_7 68 10.618 67 0 3.5 2.84 4.16 10.618 67 0 3.5 2.84 4.16 Question_8 68 17.868 67 0 2.191 1.95 2.44 17.868 67 0 2.191 1.95 2.44 Question_9 68 23.953 67 0 2.676 2.45 2.9 23.953 67 0 2.676 2.45 2.9 Question_10 68 15.557 67 0 5.059 4.41 5.71 15.557 67 0 5.059 4.41 5.71 Question_11_1 68 14.691 67 0 3.529 3.05 4.01 14.691 67 0 3.529 3.05 4.01 Question_11_2 68 18.302 67 0 4.809 4.28 5.33 18.302 67 0 4.809 4.28 5.33 Question_11_3 68 21.056 67 0 5.029 4.55 5.51 21.056 67 0 5.029 4.55 5.51 Question_11_4 68 17.835 67 0 4.426 3.93 4.92 17.835 67 0 4.426 3.93 4.92 Question_11_5 68 20.978 67 0 4.897 4.43 5.36 20.978 67 0 4.897 4.43 5.36 Question_12 68 16.241 67 0 2.735 2.4 3.07 16.241 67 0 2.735 2.4 3.07 Question_13 68 14.707 67 0 2.676 2.31 3.04 14.707 67 0 2.676 2.31 3.04 Question_14 68 26.329 67 0 2.765 2.56 2.97 26.329 67 0 2.765 2.56 2.97 Anova Model Sum of Squares df Mean Square F Sig. 1 Regression 4.074 1 4.074 4.173 .045a Residual 64.440 66 .976       Total 68.515 67          a. Predictors: (Constant), Question_1          b. Dependent Variable: Question_8          Coefficientsa Model Unstandardized Coefficients Standardized Coefficients t Sig. B Std. Error Beta 1 (Constant) 1.481 .368    4.025 .000 Question_1 .493 .241 .244 2.043 .045 a. Dependent Variable: Question_8          Table 2: Anova statistics coefficients relationship Q1 Q8 à ¢Ã¢â€š ¬Ã¢â‚¬Å" Hypothesis. From the Questionnaire, we have selected the relationship among the following questions. However, Gender will always be constant. Question (1): Please indicate your gender: Male Female Question (8): In general, how knowledgeable do you consider yourself to be when it comes to understanding what is going on in the current financial news? I know enough to be able to explain whats happening in the financial industry to other people. I understand enough to make sense of the detail behind the financial news stories. I just follow the headlines but my understanding of financial news is fairly vague. I dont really understand whats going on in the financial news. Question_8: On the One-Sample Test it is showed that the Significance is = 0.00 which is less than 0.05, so we reject any initial premise that the average Question_8 is not equal to 0. Since the answer to this question fell where the value of t = 17.868, positive, meaning that people have a significant understanding and knowledge about the current financial news. About 35.3 % of the answers to question 8 went in to that both, males females find themselves having enough understanding to make sense of the detail behind the financial news stories. On lower confidence levels, 29.4% find themselves confident enough to answer bitterly regarding the financial crisis. Question (9): How informed are you about the à ¢Ã¢â€š ¬Ã…“Global Financial Crisisà ¢Ã¢â€š ¬? that is said to be impacting the U.S. economy the rest of the Globe? Very informedà ¢Ã¢â€š ¬Ã¢â‚¬ I have actively sought additional information on this story. Somewhat informedà ¢Ã¢â€š ¬Ã¢â‚¬ I know a bit about it, but wouldnt be able to hold my own in a conversation about it. Informedà ¢Ã¢â€š ¬Ã¢â‚¬ Ive read/seen stories about it when Ive come across them in the news. Not informed at allà ¢Ã¢â€š ¬Ã¢â‚¬ I dont know anything about this story. Question_9: The mean for this particular sample is 2.68, which is statistically significantly different from the test value of Zero.  34 out of 68 sample volume representing almost 50% who have been really informed to have read/seen stories about the global financial crisis when coming across it in the news. The researchers find that the relationship between gender and being informed about the à ¢Ã¢â€š ¬Ã…“Global Financial Crisisà ¢Ã¢â€š ¬? is positive with (.493) and based on the t-value of (2.043) and p-value of (0.045), this relationship is statistically significant.   Hence, there is a statistically significant positive linear relationship between people gender being informed and know ledged enough about the crisis. Question (13): What role, if any, do you think that governments around the world should take in the financial sector towards their economies? Hands onà ¢Ã¢â€š ¬Ã¢â‚¬ the government should intervene whenever the financial sector is at risk. Intermediaryà ¢Ã¢â€š ¬Ã¢â‚¬ the government should act as an intermediary between concerned parties. Laissez Faireà ¢Ã¢â€š ¬Ã¢â‚¬ the government should not interfere with economic affairs beyond the minimum. Completely hands offà ¢Ã¢â€š ¬Ã¢â‚¬ the government should let Wall Street solve its problems on its own. Case by caseà ¢Ã¢â€š ¬Ã¢â‚¬ the government should take a case-by-case approach. ANOVAb Model Sum of Squares df Mean Square F Sig. 1 Regression 14.714 1 14.714 7.132 .010a Residual 136.168 66 2.063       Total 150.882 67          a. Predictors: (Constant), Question_1          b. Dependent Variable: Question_13          Coefficientsa Model Unstandardized Coefficients Standardized Coefficients t Sig. B Std. Error Beta 1 (Constant) 1.326 .535    2.480 .016 Question_1 .937 .351 .312 2.671 .010 a. Dependent Variable: Question_13          Table 3: Anova statistics coefficients relationship Q1 Q13 à ¢Ã¢â€š ¬Ã¢â‚¬Å" Hypothesis. The relationship between gender and the choice to think of the role that governments around the world should take in the financial sector towards their economies is positive (.937). Based on the t-value (2.671) and p-value (0.010), it is to be clarified that this relationship is statistically significant.   Hence, there is a statistically significant positive linear relationship. Most of the questionnaires answer to question 13 went to choose that the role of government can be best suggested as to: Hands onà ¢Ã¢â€š ¬Ã¢â‚¬ the government should intervene whenever the financial sector is at risk. Question (4) Which of the following best describes the highest level of education you have attained? Some high school High school graduate Some college College graduate Some post graduate studies Post graduate degree Question (13): What role, if any, do you think that governments around the world should take in the financial sector towards their economies? 1 Hands onà ¢Ã¢â€š ¬Ã¢â‚¬ The government should intervene whenever the financial sector is at risk.    3 1 7 1 8 2 Intermediaryà ¢Ã¢â€š ¬Ã¢â‚¬ The government should act as an intermediary between concerned parties.    2 7 3 1 2 3 Laissez Faireà ¢Ã¢â€š ¬Ã¢â‚¬ The government should not interfere with economic affairs beyond the minimum.    3 7 4 -   1 4 Completely hands offà ¢Ã¢â€š ¬Ã¢â‚¬ The government should let Wall Street solve its problems on its own.    1    2    -   5 Case by caseà ¢Ã¢â€š ¬Ã¢â‚¬ The government should take a case-by-case approach. 1 2 3 4    5 Table 4: Cross Checking Analysis between Q4 Q13. To provide a better understanding of a cross classification, the table below indicates that, most of people holding a college degree, agreed with the choice that governments should intervene whenever the financial sector is at risk and in need for its support. Therefore, we see that the Global Financial Crisis can be broken down into major phases. Although each phase has a policy focus, it seemed that until t Role of Monetary Policy in Financial Crisis Role of Monetary Policy in Financial Crisis 1. Introduction To begin with, it is noted that over the last year or so, financial institutions in the major economies have reported losses on a large scale. Some of these have become insolvent, or have had to be taken over or rescued by their governments. The 2008 Global Financial Crisis Credit Crisis has affected millions of Americans specifically and others around the World in general terms. Associated with all of that has been a massive swing in the appetite of the World financial markets for risk, and in their capacity to accept risk. Thus, the result has been a shift from an easily available credit to tight credit. This crisis which began in industrialized countries has shifted dramatically spread to emerging market and developing economies. Many wealthy investors or so have pulled their capital from countries, even those with small levels of perceived risk, and hence causing values of stocks and domestic currencies to plunge. Moreover, the crisis has now moved from containing the contagion to coping with the global recession and changing regulations to prevent a reoccurrence of such a problem. Some security and foreign policy effects of the crisis also are beginning to appear. In addition, policy proposals to change specific regulations as well as the structure of regulation and supervision at both domestically and internationally levels have been coming forth through the legislative process. As one can bear in mind, In June 2009, the Obamas administration announced its plan for regulatory reform of the U.S. financial system. For example, in Congress, numerous bills have been introduced that deal with issues such as establishing a commission or selecting a committee to investigate causes of the financial crisis, provide oversight and greater accountability of the Federal Reserve and Treasury lending activity, acting towards the problems in the housing and mortgage markets, provide funding for the International Monetary Fund, address problems with consumer credit cards and establish a systemic risk monitor. Therefore, the transmission of the crisis from the U.S. and Europe to the rest of the world came through a number of channels. The financial institutions in most emerging market economies had not been involved in practices that are seen in the institutions that populate the financial centers in the major industrial countries. To that extent, financial institutions in the emerging economies either shied away from the more exotic instruments, including such things as credit default swaps and collateralized debt obligations, or were prevented by regulation from holding or trading such instruments. Banking had to come of the most à ¢Ã¢â€š ¬Ã…“boringà ¢Ã¢â€š ¬?, old fashioned ever! (The New York Times has reported on last September 2009 about the moves to replace the bust securitized mortgage market with a similar scheme dealing in life insurance policies, products that are as distasteful as they are foolhardy). The question is, can anything be done to ensure more responsible financial practice? If we are suppose to talk about the US economy, we would notice that President Barak Obama marked the anniversary of Lehman collapse with a plea to bankers to not get complacent, telling them to get their house in order, or else face further regulation. We can indicate that over the past year, the financial male storm has battered the global information and communication technology industry, affecting profits and pushing down the industry in a manner reminiscent of the 2001 à ¢Ã¢â€š ¬Ã¢â‚¬Å" 2002 dotcom busts. It is gradually finding its feet again, but it isnt out of the woods yet. The global financial tumult has forced a number of companies to reanalyze their cost benefit analysis, ensure efficiency and improve productivity. Companies in sectors such as telecom and finance have already realized the need of IT outsourcing as a solution in the changed market dynamics. Therefore, this research paper provides a review of how the financial crisis has affected many regions of the world, proposals for a regulatory change, indication about the role of Monetary Policy the level of Political Economics that have been intervening in the Financial Crisis. It also identifies some basic challenges facing the globe suggests possible solutions for the Banking Field to overcome the crisis. 2. Literature Review The financial crisis was triggered by the bursting of a credit-fuelled bubble. Regulation and regulators did not cause this fatal bubble, but they did indirectly help it to grow by fostering the illusion of financial security. Many developing country economies are yet growing strongly, though the forecasts have been downgraded in the space of few a few months. What does the turmoil mean for such developing countries? And for how much longer can growth persist? What are the channels through which the crisis could spread to and how are the effects being felt and in what cases? What is the role for development policy and what do policy-makers need to know? Brooke Masters (2009) claimed: So far, most countries are avoiding a regulatory race to the bottom à ¢Ã¢â€š ¬Ã¢â‚¬Å" if anything, they are going the other way. The UK, for example, is pressing ahead with its own liquidity rules, while the Netherlands has pushed through curbs on bankers bonuses. Even Singapore, which has long been favored by financiers for its à ¢Ã¢â€š ¬Ã…“light-touchà ¢Ã¢â€š ¬? regulatory regime, considering tightening up its rules. However, Joshua Aizenman (2009) indicated that costly regulation can mitigate the probability of the crisis. We identify conditions where the regulation level supported by the majority is positive after the reform, but below the socially optimal level. A big portion of the financial crisis has had to do with under regulation and regulator duplicity with malefactors. If we look at the banking rules, we shall discover that allowing investment and commercial banks to merge, without a specification of a tighter capital rules, and hence, these new mega banks became overleveraged without examining their loans or the instruments that derived from the bad loans these banks made in the first place. In his writings about Liberalism Ludwig von Mises (1927) indicated that government intervention in markets would lead inevitably to unintended consequences that resulted in further government intervention. It is difficult to correct a problem when the cause of the problem is misunderstood. The presidential and vice-presidential candidates in the United States have all said that à ¢Ã¢â€š ¬Ã…“Wall Street greedà ¢Ã¢â€š ¬? has led to the financial mess we are in. On the very face of it, this does not seem likely. Even if greed leads to problems, is it possible that greed has suddenly become much greater than before? To raise an interest rate at some a time is a mistake and is likely to make a bad situation even worse. In many respects, central banks, including the Federal Reserve, have drawn heavily on important threads of monetary policy research in responding to the financial crisis. Lang Wang (2005) had explained with a binding capital requirement, the effects on bank lending supply depend on the size, the capital level, the balance sheet liquidity of banks and the capital distribution and market structure in the banking sector. In a similar context, Thorbecke (1997) finds that expansive monetary policy tends to increase ex-post stock returns. He reported that small firms tend to be affected more severely by the change in monetary policy stance. In addition, Paul Krugman (1999) indicated But when a financial disaster struck Asia, the policies those countries followed in response were almost exactly the reverse of what the United States does in the fact of a slump. Currently the traditional monetary policy of the Federal Reserve is to focus on targeting the federal funds rate, now that this rate has approached the zero-bound; it has shifted to focus on other ways to lower the cost of credit in the marketplace. Federal Reserve programs have intended to offset disruptions to interbank lending short-term credit financing. Since the credit crunch is caused by conservative lending policies during periods of financial duress and reduced profitability, one may finds that monetary policy is somehow ineffective in alleviating the credit crunch. Instead loan regulation can erase it. George Macesich (1992) argued that the poor performance of monetary policy can be attributed historically to the ease with which money has so often been made a political issue. He stated that For Monetary Policy to be credible, and thus successful, the hands of the Monetary Policy- makers are better tied than left free. Sun Ruijun and Bao Erwen (2008) have reported The in-depth development of economic globalization has made economic ties and interdependence between countries even closer, boosting the sustained growth of world economy, and benefiting many countries. The global financial crisis is more than just an economic event: It puts pressure on the geopolitical system and is driving states to change their behavior. Taking a snap shot on the GCC states, one can clearly define how largely it has been insulated from the global credit crunch because they are the proud owners of some of the worlds largest oil deposits. Much of this has been caused by massive infrastructure and development projects such as Qatars liquefied natural gas facilities, Dubais fanciful real estate explosion and Bahrains attempts to convert itself into a financial Mecca. The economic system has an effect on the political outcomes. Well-functioning financial institutions, in turn, can increase the political support for anti-corruption measures. Kira Boerner Christa Hainz (2006) argued When banks possess a perfect screening technology that allows them to deny credit to those debtors who use the money for financing an entry fee, the corrupt officials will still borrow from their relatives. However, compared to the case without financial institutions, the interest of corrupt officials and relatives in corruption decreases: Both parties have the opportunity to save at a bank. In similar terms, Torsten Persson (2000) had explained Economic policy is the equilibrium outcome of a well defined no cooperative game under preemptive assumptions about economic political behavior. At all levels, the present financial crisis requires a co-ordinate response on a global scale. The real risk to the world economy is the temptation to revert to protectionism by each individual country in order to solve their own domestic problems. 3. Research Methodology In choosing the correct research method to be used in this research paper, the survey research method by Questionnaires will be the basic research design. Each respondent will be supplied with a questionnaire titled How banks can overcome the Global Financial Crisis? The questionnaire is estimated to take no longer than 6 minutes for each reached individual regardless of the age. A survey of 68 individuals located in many counties throughout the country will provide the database for this study. The sample was selected on a probability basis from as much decision maker playing role individuals as possible in Bahrain. The questionnaire took place in Bahrain the response from the respondents took almost one week. Questionnaires were distributed randomly depending on many aspects such as: age, gender, employment condition most important of all, the level of knowledge regarding the topic under study. This research paper sampling volume totaled 68, out of which, males represented 38 and the rest 30 were for females. The original sample was 70, in which the researchers found that 2 individuals were students below the age of 18 and were unemployed. That made a quiet confusing decision to remove the two from the total sample, since at that age and being unemployed is not a truly decision maker respondent. 4. Challenges As the world look beyond the economic crisis, what are the most urgent challenges that are needed to be addressed? Gaining a proper perspective on the crisis itself is a first challenge. In recent decades, it has been demonstrated that a market which operates responsibly offers a more secure life and a best hope to people who seek a better standards of living wherever in the world they may live. This is absolutely fundamental. While it is true that the direct causes of the crisis the combustible mixture of excess leverage in both consumer and financial markets, the bank failures, the credit collapse have led to some painful consequences, it would be folly to conclude that the foundations of market economics have been irreparably damaged. A second challenge facing the Global is how to deal intelligently with the huge fiscal challenges ahead. The response of central banks and governments to the economic crisis may very well have averted a global catastrophe. However, massive fiscal obligations have been assumed by governments and this might take many years to unwind. What is needed is for countries to create and develop smart à ¢Ã¢â€š ¬Ã…“exità ¢Ã¢â€š ¬? strategies. Furthermore, as the private sector returns to some growth, this requires a determined pullback in government expenditure. Not an easy task: as we all know, the politics of unwinding government programs can be daunting. Here political courage and good public policy go hand in hand. The third challenge needs an urgent attention. It is acknowledged that the global economy is out of balance and that this is one of the reasons for the financial crisis. Massive reliance on external demand carries with it real consequences as does the excessive reliance on foreign investors to finance consumption and deficits for long periods of time. As one could realize, such imbalances can cause serious and long-lasting economic damage. There is also the challenge, or opportunity, of what to do with a countrys immense foreign exchange reserves. A Chinese think tank has come up with an exciting idea: that the reserves could be put to good use through the development of a Marshall Plan for Africa, Asia and Latin America. Such a development fund, or loan facility, would increase living standards in the targeted countries. The fifth challenge is enormously complex challenge that deserves attention. Sometimes we feel that we have loaded so many expectations onto the climate change agenda that it cannot help but fail. You would think that tackling this issue will give us infinite new sources of cleaner energy, and allow for the transfer of substantial amounts of financial and technological support to emerging economies. On the global side, No existing architecture is found to be proficient in preventing global crises from erupting. Since financial crises occur even in relatively tightly regulated economies, the likelihood that a supranational influence could prevent an international crisis from occurring is questionable. The financial crisis has been characterized as a à ¢Ã¢â€š ¬Ã…“wake-up callà ¢Ã¢â€š ¬? for investors who had put their faith confidence in. For example, credit ratings placed on securities by credit rating agencies operating under what some have referred to as à ¢Ã¢â€š ¬Ã…“wicked incentives and conflicts of interest.à ¢Ã¢â€š ¬? Moving forward to a sixth challenge, the Council on Foreign Relations explained the problem in a report on systemic regulation, as follows: One regulatory organization in each country should be responsible for overseeing the health and stability of the overall financial system. The role of the systemic regulator should include gathering, analyzing, and reporting information about significant interactions between and risks among financial institutions; designing and implementing systemically sensitive regulations, including capital requirements; and coordinating with the fiscal authorities and other government agencies in managing systemic crises. We argue that the central bank should be charged with this important new responsibility. Centers of financial activity such as New York, London, and Tokyo, race with each other and multinational firms can determine where to carry out particular financial transactions. This is to be addresses as one of the considerations in policy making. A seventh challenge is that a large financial institution that may be defined as large to fail represents the heavy arm that the world economy depends greatly on. If an institution is considered to be à ¢Ã¢â€š ¬Ã…“unsuccessful too big to fail,à ¢Ã¢â€š ¬? its bankruptcy would cause a major risk collapse to the system as a whole. Yet, if there is an implicit promise of governmental support in case of failure, the government may create a moral hazard, which is the motivation for an entity to be engaged in somewhat risky behavior, knowing that the government will rescue it if it fails. A further challenge is that the nature and size of accumulating financial and systemic risks have not been well identified by the existing micro regulation. It even didnt impose appropriate remedial actions. Even though some analysts and institutions were sounding alarms before the crisis erupted, there were hardly any regulatory tools available to handle with the increase of risk in the system as a whole or the risks being forced by other firms either in the same or different sectors. It seemed to be an insufficient response to some of these risks either by the authorities responsible for the mistake of individual financial institutions or specific market segments. A last fundamental challenge deals with the nature of regulation and supervision. Banking regulation tends to be specific and detailed and places requirements and limits on bank behavior. Federal securities regulation, however, is based primarily on disclosure. Registration with the Securities and Exchange Commission is required, but that registration does not imply that an investment is safe or secured, only that the risks have been fully disclosed! 5. Analysis Discussion When the U.S financial System falls down, it may bring major parts of the rest of the world down with it. The global financial crisis has opened the World eye on an important point: that the United States is still a major center of the financial world. Hence, Regional financial crises (such as the Asian financial crisis, Japans banking crisis or even the current Dubais Credit Crisis) can occur without seriously infecting the rest of the global financial system as does the United States economy. The reason behind, is that the United States is the main guarantor of the international financial system, the provider of dollars widely used as currency reserves and as an international intermediate for exchange, besides being a contributor to much of the financial capital that around the world seeking higher yields. The rest of the world may not appreciate it, but a financial crisis in the United States often takes on a global hue. To analyze the questionnaire, the researchers have used the SPSS program and the regression analysis in order to define some relationships that best help identify the problem under study. The descriptive statistical analyses questionnaire will be used, including calculations of sampling error, and statistical adjustments for unequal selection probabilities. Cross-classification analyses with demo-graphic, ANOVA, linear regression and T-Test is much more applied in order to explain some judgments. Since the researchers think that the gender is one of the independent variables that could test many hypothesis, three hypothesis were applied based on the dependant variable: First Hypothesis: There is no relationship between gender and understanding what is going on in the current financial news. Second Hypothesis: There is no relationship between gender and being informed about the à ¢Ã¢â€š ¬Ã…“Global Financial Crisisà ¢Ã¢â€š ¬?. Third Hypothesis: There is no relationship between gender and the decision that thinks of governments around the world should take in the financial sector towards their economies. The table below, represents the Statistical Data Analysis of the designed questionnaire: Table 1: SPSS Statistics for all questionnaire questions One-Sample Test    Question No.    Test Value = 0 Test Value = 0 N t df Sig. (2-tailed) Mean Difference 95% Confidence Interval of the Difference t df Sig. (2-tailed) Mean Difference 95% Confidence Interval of the Difference    Lower Upper Lower Upper Question_1 68 23.758 67 0 1.441 1.32 1.56 23.758 67 0 1.441 1.32 1.56 Question_2 68 17.636 67 0 4.206 3.73 4.68 17.636 67 0 4.206 3.73 4.68 Question_3 68 21.715 67 0 1.706 1.55 1.86 21.715 67 0 1.706 1.55 1.86 Question_4 68 22.401 67 0 3.868 3.52 4.21 22.401 67 0 3.868 3.52 4.21 Question_5 68 13.683 67 0 2.074 1.77 2.38 13.683 67 0 2.074 1.77 2.38 Question_6 68 8.596 67 0 2.029 1.56 2.5 8.596 67 0 2.029 1.56 2.5 Question_7 68 10.618 67 0 3.5 2.84 4.16 10.618 67 0 3.5 2.84 4.16 Question_8 68 17.868 67 0 2.191 1.95 2.44 17.868 67 0 2.191 1.95 2.44 Question_9 68 23.953 67 0 2.676 2.45 2.9 23.953 67 0 2.676 2.45 2.9 Question_10 68 15.557 67 0 5.059 4.41 5.71 15.557 67 0 5.059 4.41 5.71 Question_11_1 68 14.691 67 0 3.529 3.05 4.01 14.691 67 0 3.529 3.05 4.01 Question_11_2 68 18.302 67 0 4.809 4.28 5.33 18.302 67 0 4.809 4.28 5.33 Question_11_3 68 21.056 67 0 5.029 4.55 5.51 21.056 67 0 5.029 4.55 5.51 Question_11_4 68 17.835 67 0 4.426 3.93 4.92 17.835 67 0 4.426 3.93 4.92 Question_11_5 68 20.978 67 0 4.897 4.43 5.36 20.978 67 0 4.897 4.43 5.36 Question_12 68 16.241 67 0 2.735 2.4 3.07 16.241 67 0 2.735 2.4 3.07 Question_13 68 14.707 67 0 2.676 2.31 3.04 14.707 67 0 2.676 2.31 3.04 Question_14 68 26.329 67 0 2.765 2.56 2.97 26.329 67 0 2.765 2.56 2.97 Anova Model Sum of Squares df Mean Square F Sig. 1 Regression 4.074 1 4.074 4.173 .045a Residual 64.440 66 .976       Total 68.515 67          a. Predictors: (Constant), Question_1          b. Dependent Variable: Question_8          Coefficientsa Model Unstandardized Coefficients Standardized Coefficients t Sig. B Std. Error Beta 1 (Constant) 1.481 .368    4.025 .000 Question_1 .493 .241 .244 2.043 .045 a. Dependent Variable: Question_8          Table 2: Anova statistics coefficients relationship Q1 Q8 à ¢Ã¢â€š ¬Ã¢â‚¬Å" Hypothesis. From the Questionnaire, we have selected the relationship among the following questions. However, Gender will always be constant. Question (1): Please indicate your gender: Male Female Question (8): In general, how knowledgeable do you consider yourself to be when it comes to understanding what is going on in the current financial news? I know enough to be able to explain whats happening in the financial industry to other people. I understand enough to make sense of the detail behind the financial news stories. I just follow the headlines but my understanding of financial news is fairly vague. I dont really understand whats going on in the financial news. Question_8: On the One-Sample Test it is showed that the Significance is = 0.00 which is less than 0.05, so we reject any initial premise that the average Question_8 is not equal to 0. Since the answer to this question fell where the value of t = 17.868, positive, meaning that people have a significant understanding and knowledge about the current financial news. About 35.3 % of the answers to question 8 went in to that both, males females find themselves having enough understanding to make sense of the detail behind the financial news stories. On lower confidence levels, 29.4% find themselves confident enough to answer bitterly regarding the financial crisis. Question (9): How informed are you about the à ¢Ã¢â€š ¬Ã…“Global Financial Crisisà ¢Ã¢â€š ¬? that is said to be impacting the U.S. economy the rest of the Globe? Very informedà ¢Ã¢â€š ¬Ã¢â‚¬ I have actively sought additional information on this story. Somewhat informedà ¢Ã¢â€š ¬Ã¢â‚¬ I know a bit about it, but wouldnt be able to hold my own in a conversation about it. Informedà ¢Ã¢â€š ¬Ã¢â‚¬ Ive read/seen stories about it when Ive come across them in the news. Not informed at allà ¢Ã¢â€š ¬Ã¢â‚¬ I dont know anything about this story. Question_9: The mean for this particular sample is 2.68, which is statistically significantly different from the test value of Zero.  34 out of 68 sample volume representing almost 50% who have been really informed to have read/seen stories about the global financial crisis when coming across it in the news. The researchers find that the relationship between gender and being informed about the à ¢Ã¢â€š ¬Ã…“Global Financial Crisisà ¢Ã¢â€š ¬? is positive with (.493) and based on the t-value of (2.043) and p-value of (0.045), this relationship is statistically significant.   Hence, there is a statistically significant positive linear relationship between people gender being informed and know ledged enough about the crisis. Question (13): What role, if any, do you think that governments around the world should take in the financial sector towards their economies? Hands onà ¢Ã¢â€š ¬Ã¢â‚¬ the government should intervene whenever the financial sector is at risk. Intermediaryà ¢Ã¢â€š ¬Ã¢â‚¬ the government should act as an intermediary between concerned parties. Laissez Faireà ¢Ã¢â€š ¬Ã¢â‚¬ the government should not interfere with economic affairs beyond the minimum. Completely hands offà ¢Ã¢â€š ¬Ã¢â‚¬ the government should let Wall Street solve its problems on its own. Case by caseà ¢Ã¢â€š ¬Ã¢â‚¬ the government should take a case-by-case approach. ANOVAb Model Sum of Squares df Mean Square F Sig. 1 Regression 14.714 1 14.714 7.132 .010a Residual 136.168 66 2.063       Total 150.882 67          a. Predictors: (Constant), Question_1          b. Dependent Variable: Question_13          Coefficientsa Model Unstandardized Coefficients Standardized Coefficients t Sig. B Std. Error Beta 1 (Constant) 1.326 .535    2.480 .016 Question_1 .937 .351 .312 2.671 .010 a. Dependent Variable: Question_13          Table 3: Anova statistics coefficients relationship Q1 Q13 à ¢Ã¢â€š ¬Ã¢â‚¬Å" Hypothesis. The relationship between gender and the choice to think of the role that governments around the world should take in the financial sector towards their economies is positive (.937). Based on the t-value (2.671) and p-value (0.010), it is to be clarified that this relationship is statistically significant.   Hence, there is a statistically significant positive linear relationship. Most of the questionnaires answer to question 13 went to choose that the role of government can be best suggested as to: Hands onà ¢Ã¢â€š ¬Ã¢â‚¬ the government should intervene whenever the financial sector is at risk. Question (4) Which of the following best describes the highest level of education you have attained? Some high school High school graduate Some college College graduate Some post graduate studies Post graduate degree Question (13): What role, if any, do you think that governments around the world should take in the financial sector towards their economies? 1 Hands onà ¢Ã¢â€š ¬Ã¢â‚¬ The government should intervene whenever the financial sector is at risk.    3 1 7 1 8 2 Intermediaryà ¢Ã¢â€š ¬Ã¢â‚¬ The government should act as an intermediary between concerned parties.    2 7 3 1 2 3 Laissez Faireà ¢Ã¢â€š ¬Ã¢â‚¬ The government should not interfere with economic affairs beyond the minimum.    3 7 4 -   1 4 Completely hands offà ¢Ã¢â€š ¬Ã¢â‚¬ The government should let Wall Street solve its problems on its own.    1    2    -   5 Case by caseà ¢Ã¢â€š ¬Ã¢â‚¬ The government should take a case-by-case approach. 1 2 3 4    5 Table 4: Cross Checking Analysis between Q4 Q13. To provide a better understanding of a cross classification, the table below indicates that, most of people holding a college degree, agreed with the choice that governments should intervene whenever the financial sector is at risk and in need for its support. Therefore, we see that the Global Financial Crisis can be broken down into major phases. Although each phase has a policy focus, it seemed that until t

James Langston Hughes :: Poet Poetry

Langston Hughes One of the most promising of the young Negro poets said to me once, â€Å"I want to be a poet—not a Negro poet,† meaning, I believe, â€Å"I want to write like a white poet,† meaning subconsciously, â€Å"I would like to be a white poet;† meaning behind that, â€Å"I would like to be white.† And I doubted then that, with his desire to run away spiritually from his race, this boy would ever be a great poet. But this is the mountain standing in the way of any true Negro art in America—this urge within to race toward whiteness, the desire to pour racial individuality into the mold of American standardization, and to be as little Negro and as much American as possible (Hughes, Modern Internet). As a successful writer, Langston Hughes was proud to be African American, a fact inherent in all his literary works. Hughes’ optimistic attitude that not all people are prejudiced provided impetus to take chances to get his poetry noticed. Intensely criticized by many Negro critics and intellectuals, Hughes wrote about oppression and other racial themes in his works and utilized a jazz and blues rhythm in conjunction with black urban language. James Mercer Langston Hughes’ writing was profoundly influenced by his life, his ethnicity, and the way he viewed the world around him. He never lost sight of the fact he was African American and wrote his poetry for the people not his critics or contemporaries. Vachel Lindsay greatly influenced Langston Hughes’ writing style. Hughes, wanting to hear Lindsay read his poetry and knowing he would not be allowed into the auditorium because of his ethnic background, dared to handwrite three of his poems and leave them beside Lindsay’s plate at a restaurant where Hughes worked as a busboy (Langston, Elements 378). Langston Hughes knew he would never be allowed to speak to the famous poet, and took a risk to give Lindsey handwritten poetry; he hoped the literary giant would notice and perhaps appreciate his work. Hughes was not ashamed of being African American or a busboy and that’s why he took the chance Lindsay would actually look at his work. Hughes’ ploy worked when the headlines of the local paper the next morning read that Vachel Lindsey claimed to have found the next great African American poet. Hughes, a well-educated and traveled writer by the time he was in his mid-twenties, enjoyed the clubs around Harlem, New York and other cities around the world where he traveled. These clubs heavily influenced the poetry written by Hughes.

She Walks In Beauty by Lord Byron and Douglas Dunns Reincarnation :: English Literature

Both She Walks In Beauty by Lord Byron and Douglas Dunn's Reincarnation are about romance. "She Walks In Beauty"/ "Reincarnation" Both "She Walks In Beauty" by Lord Byron and Douglas Dunn's "Reincarnation" are about romance. Although this is true they have much to be contrasted. "She Walks In Beauty" is about a man who is truly besotted with a woman who, from my observations, he doesn't even know. I think this from the fact that he doesn't talk about anything except for her looks and he says that he doesn't know her name: Had half impair'd the nameless grace ==================================== The poet takes pleasures from the woman's beauty and, unlike "Reincarnation" by Dunn, the poem mainly focuses on the woman's sexual attraction. She is often compared to perfection: Of cloudless climes and starry skies This also shows just how infatuated he is with her. This is an immense scale to put her on as it compares her not only to a section of a country but to the enormity and perfection of the galaxy. This metaphor also refers to her mysterious nature because -the poem was written almost two hundred years ago, in the early nineteenth century- not much was known about the night skies as it is so far away nobody has ever been there. This also shows how little he knows about her. A sense of adulation also occurs throughout Lord Byron's poem and it seems as though he cannot criticise her at all. This is completely contrasted with the bond between himself and the woman in Dunn's "Reincarnation". We can say, almost certainly, that "Reincarnation" is autobiographical, as we know that Dunn's wife died in 1984 from cancer. I think the sudden and premature death of his wife has been the inspiration for this poem that is so full of naked emotion and so full of true love, unlike the lust for the woman in the poem by Lord Byron, that you can almost feel his pain. For now I know the shame of being late, Too late. This shows the sorrow he is feeling. It also hints at remorse, giving us the sense that he feels slightly guilty about the death, which was obviously not his fault. It could also be showing us that he feels he has unfinished business with her or maybe he feels that he didn't have chance to say goodbye because he was so unprepared for it. The diction chosen by Lord Byron is very sophisticated. The words he chooses to use, such as eloquent make his poem flow with a smooth and graceful rhythm. The rhymes in "She Walks In Beauty" are monosyllabic

Readers of his detective stories Essay

Readers of the Sherlock Holmes stories are captured by the excitement which is produced when Holmes and Watson foil the evil masterminded plans of criminals. Sir Arthur Conan Doyle creates all this excitements by using Holmes’ and Dr Watson’s expertise in their field, as this is typical in the detective genre. An obvious place to start looking for this excitement is reading â€Å"Case of Identity†. Excitement in this story is used to keep the reader interested. The excitement is created by Mary Sutherland getting such a large amount of money being left her as inheritance as that was a lot of money in the time that Conan Doyle wrote the story. The amount of money Miss Mary Sutherland gets from her inheritance left to her by her Uncle Ned is i 2,500 but she can only touch the interest which stands at four and a half percent a year, â€Å"so large a sum as a hundred a year. † This was a lot of money in the Victorian times for a single person this creates excitement as very few people had that amount of income without doing anything. Conan Doyle uses a strange happening to create excitement as the reader starts to think about the possibilities about what has happened a good example of this is when Miss Sutherlands fianci Mr Hosmer Angel disappears from the cab on the day of the wedding, â€Å"we waited for him to step out, but he never did. † It is not possible for a man to disappear from the face of the earth when people saw him get into the cab. This creates excitements for the reader as they start to guess what has happened to Mr Angel. Clues play the biggest part in the excitement in this story as the reader is able to figure out the culprit as the clues only point to one person, Mr Angel does not have an address as he sleeps on the premises of his work, the address of Mr Angels place of work is also unknown apart from the fact that it is in â€Å"Leadenhall street†. This meant all his letters were sent to the Leadenhall post office â€Å"he slept on the premises† this is strange as he has no where to live and he doesn’t want the letters to be sent to him at work. This excites the reader as the reader has to think about why he doesn’t want her to know where he lives. The way the characters act are a good example of how Conan Doyle creates excitement as Mr Hosmer Angel is a very shy man who does not want to be seen as he wears dark glasses and he talks on a very soft voice, â€Å"he would rather walk with me in the evening. † This is because Mr Angel does not want to be seen with Miss Sutherland so this creates excitement as the reader gets the feeling that there is something not quite right with Mr Angel and that he is secretive about some thing this will start to make the reader excited as they know something big is going to happen this is also a good way of using the suspense of the story to create the excitement. Conan Doyle creates a fair amount of excitement in â€Å"The Boscombe Valley Mystery†. Conan Doyle creates this excitement by using the argument between the father and son even though a father son relationship is hard to destroy. Seeing as he uses the strange argument between father and son â€Å"having a violent quarrel† this makes the reader wonder why the father and son are arguing about, this creates tension for the reader as it gives them topic to think about this creates excitement as the reader is becoming involved with the story. This is because in Victorian Britain violent quarrels between father and son would not have been common things, this is because the Victorians have been classed as the most respectable and caring people in the history of Britain and the fact that there were large families. The lead form the violent quarrel leads to further events; this creates excitement because a son would not get to a point where he could kill his father as it would be as if he was destroying himself. This excitement is where the son found his father dead, the son heard the call of â€Å"cooee† to which his son turns round to see his father dead on the floor, a she goes to his father he mentions something about â€Å"a rat† this was all that he caught of his fathers last words but he could have misheard what his father said, this sudden turn from the argument and the son walking away to the father being killed creates excitement as the reader would expect the son to have killed the father but the last words get the reader wandering about how the father died, and what is this rat. Conan Doyle creates excitement for the reader a tension build up as Holmes is about to reveal the murderer. The reader is excited as Holmes is about to unveil who committed the murder and he is doing this based purely on the last words of the old man â€Å"a rat†. There is a large amount of tension as holes is about to say who committed the murder and there is a sudden burst form Holmes who reveals that the murderer was from â€Å"Ballarat† . Ballarat is the name of an Australian gang and that the call of â€Å"cooee† was a native Australian call. This creates the element of excitement as the murderer is revealed. And the Murder was committed by â€Å"Black Jack of Ballarat†. Sir Arthur Conan Doyle creates an element of mystery in â€Å"5 orange pips† when it is revealed that 5 orange pips have been sent to Elias Openshaw who lived in Horsham. The orange pips arrived in an envelope with a foreign stamp on it, â€Å"5little dried orange pips† the reader does not know what these orange pips are about so this creates a moderate amount of excitement for the reader as they wander what these orange pips are about.

Pure Cultures Lab Essay

Introduction : Pure cultures are made of only one type of organisms and can be used to study their properties. A method used to isolate pure cultures is making a steak-plate, which is a dilution process in which culture is spread over an agar plate in a certain manner. Using a loop rod, culture was taken from the tube and dragged across area 1 several time,of the agar. The agar was then turned 90Â º, and the loop was flamed and cooled. Taking some culture from area 1, it was dragged over area two,and the same steps were done for areas 3 and 4.Another technique used was spread-plate, where the same culture is spread over the agar plate using a sterile L-shaped bent glass rod. The rod was dipped in 95% ethyl alcohol and flamed to sterlize. The nutrient agar was then placed on the plate, and spread with rod. An environmental plate was used to test the cultures of a random object, in our experiment, it was the ocular lens of a microscope. A cotton swab was dipped into sterile water, and a random item of our choice was swabbed. After mixing the swab back in the water, the contaminated water was applied to a spread plate. Results: See attached Discussion: All the plates were successful is isolating the pure cultures except the environmental. The reason for this may have been that there was no bacteria, due to the fact they had been recently cleaned. The slant agars were able to pick up on the bacteria to show the growth. The vial that had bright yellow bacteria growing was M.leuteus, showing the successful isolation and identification. Other vials that had M.Letues and S.marcescenes had a very slight shade of bacteria growth. Questions: 1. No because a when a broth culture is used, it has not been inoculated from a pure culture, the only way would be to use a streaking method or spread plate. A mix culture slant is hard to isolate, because bacteria is clumped together, getting a single colony is difficult. These may cause contamination to the bacteria during the inoculation period. 2. If there was more culture in quadrant 4 than 3, it is due to the loop being dragged back into quadrant 1. The nutrient agar that was in 1 came back to 4, and showed more culture.