Article Review Example

Article Review Example Article Review – Article Example Betting on the blind side In the article, Michael Lewis talks about a younger investor, Michael Burry because of his blindness, viewed the world in a different manner. In 2004, Michael Burry decided to invest in huge bubble and subprime mortgage bond market when the market threatened to collapse. The hedge fund and stock market manager did not reveal to anyone why he decided to invest in bond markets but instead sat in his office and read article and financial filings. His main curiosity was to figure out how the subprime mortgage bonds functions. Investors from the top floor received low ratings than those from bottom floor because they were taking on more risks. Investors who sought to purchase mortgage bonds had to decide which floor of the tower they wanted to invest. However, Burry on the other hand was not after buying mortgage bonds but rather sought out how he could bet against subprime mortgage bonds. Using information from the available prospectus, each mortgage bond had it s own little corporation. However, despite this, Burry despite much of his time scanning through these prospectuses with the hope that he could get what he needed to understand about subprime mortgage bond. In 2004, there was decline in the lending standards. Burry did not view these standards as decline but for him they had just hit the bottom. According to Lewis, the bottom was referred to as the interest only negative amortizing rate subprime mortgage whereby the home purchaser were offered an opportunity of paying nothing and was allowed to roll whatever interest you owed the bank into a high balance. Burry was amazed why such an individual who lent money would desire to extend such a loan. The problem that Burry had was the various tranches of subprime mortgage bonds in which these bonds were impossible to sell short since to sell a stock short, you needed to borrow it, which were not easy to find. An investor would buy or not buy them but could not bet explicitly against the m because the subprime mortgage market had place for investors who took a shallow view of them. This is based on the idea that the entire subprime mortgage market was doomed and nothing could be done to rescue it. The stock market could increase much longer than Burry could remain solvent. Burry also discovered credit default swap in which began to purchase insurance on companies he thought would suffer from real estate downtown since such as meltdown would force these companies to lose money. Burry realized that the credit default swaps on subprime mortgage bonds were significant in subprime mortgage market in that they were used for hedging. In sum, Burry knew that in order to make side bets on subprime mortgage bonds, credit default swap was needed. Work CitedLewis, Michael. Betting on The Blind Side. Vanity Fair, 2010. Print.

Free Essays on Education And Power

Education and Power "Education in modern society is about power. To ask who is to be educated is to ask who is to rule."(Halls, vii) This same statement could also apply to the eighteenth century; the wealthier families could afford to send their children off to college to further their education to become doctors or lawyers. This form of education progressed until 1760 when the nationalization of the education system became a noticeable progression. They believed that through making education a national topic then they could in turn influence the students to create a better society. The church was even pressing for national education. "Education became an almost universal corrective to human and social ills."(Palmer, 3) While the children were in school this gave the educators an opportunity to install "virtues and desirable attitudes and habits." (Palmer, 3) However, not everyone believed that the only way to create a better society was to train the children from a young age to act a certain way. Many believed that a child is born with a set of morals and virtues to prevent them from doing something that should not be done. If a child is not born with these morals and virtues then even being trained from a young age to act a certain way is not going to prevent them from doing something that the society sees as wrong. Colleges also played into the ideal of creating a better society. "The ideal French college in the seventeenth and eighteenth centuries was a place of salutary confinement, designed to shield growing boys from the evils of the outside world." (Palmer, 13) Prior to the eighteenth century "Northwestern France, England, and the Netherlands showed about the same rate of literacy and together formed the most literate zone in Europe, until overtaken by Scotland during the eighteenth century." (Palmer, 10) As important as education began to be it didn't change the fact that the best education that one could receive... Free Essays on Education And Power Free Essays on Education And Power Education and Power "Education in modern society is about power. To ask who is to be educated is to ask who is to rule."(Halls, vii) This same statement could also apply to the eighteenth century; the wealthier families could afford to send their children off to college to further their education to become doctors or lawyers. This form of education progressed until 1760 when the nationalization of the education system became a noticeable progression. They believed that through making education a national topic then they could in turn influence the students to create a better society. The church was even pressing for national education. "Education became an almost universal corrective to human and social ills."(Palmer, 3) While the children were in school this gave the educators an opportunity to install "virtues and desirable attitudes and habits." (Palmer, 3) However, not everyone believed that the only way to create a better society was to train the children from a young age to act a certain way. Many believed that a child is born with a set of morals and virtues to prevent them from doing something that should not be done. If a child is not born with these morals and virtues then even being trained from a young age to act a certain way is not going to prevent them from doing something that the society sees as wrong. Colleges also played into the ideal of creating a better society. "The ideal French college in the seventeenth and eighteenth centuries was a place of salutary confinement, designed to shield growing boys from the evils of the outside world." (Palmer, 13) Prior to the eighteenth century "Northwestern France, England, and the Netherlands showed about the same rate of literacy and together formed the most literate zone in Europe, until overtaken by Scotland during the eighteenth century." (Palmer, 10) As important as education began to be it didn't change the fact that the best education that one could receive...

Assignment Production Possibility Curve Essay Example | Topics and Well Written Essays - 250 words

Assignment Production Possibility Curve - Essay Example This provision made it possible for the Homo sapiens to discover new activities such as hunting and gathering to cater for their basic needs. This also allowed for opportunities to develop speech in communicating. In contrast, the Neanderthals were set back by the fast growth rates (Clive, 80). U.S. and Dutch economists attribute the unlocking of trading experiences of the modern humans as a consequence for the extinction of the Neanderthals. An advantage to the modern man was the slow developmental cycles of the brain that enabled him to adapt favorably to the environment. The Neanderthals’ slow development slowed their advantages of engaging in activities such as hunting and gathering to cater for their needs as well as trading with other Neanderthals. Specialization was only an advantage to the humans and this method was not applicable to their cousins (Jon