The total sum of funds represented by the financial markets can be classified under different segments, based on the characteristics of financial claims being traded and the imperatives of different participants. At a broad level, the financial system can be classified under money markets and capital markets. There are quite a few differences between the money and capital markets, but the primary difference is the maturity period of the securities traded in them. Money markets encompass a broad assortment of institutions and procedures that are related to and transact in short-term debt instruments (which have maturity periods of less than a year). These instruments are usually issued by borrowers that boast of high credit ratings. Good examples of instruments traded in money markets are U.S. Treasury bills, many federal agency securities, bankers’ acceptances, commercial paper and negotiable certificates of deposit. Common equities or shares of publically traded companies do not . . . Read More
No Country for Old Men is a crime-thriller movie, directed by Joel Coen and Ethan Coen, and released in the year 2007. The film stars Tommy Lee Jones, Javier Bardem and Josh Brolin in lead roles. Adapted from the novel of the same title by Cormac McCarthy, the film is the story of three rustic Texan men, whose fortunes receive an unexpected twist. The resulting interplay of tension as they attempt to exploit their opportunities forms the crux of the narrative. The film has Coen brothers’ trademark elements all over it. Reminiscent of their earlier films like Blood Simple and Fargo, this film dwells on themes of fate and circumstance and the characters’ reactions to these.
Although the Western Country terrain is a time-tested cinematic formula, the directors bring fresh perspectives to it. The acclaimed Western Classicism of past directors as Anthony Mann and Sam Peckinpah are presented within new frameworks. Tommy Lee Jones (Ed Tom Bell) plays the sheriff in . . . Read More
Alexander Hamilton, alongside such luminaries as Benjamin Franklin, George Washington, Thomas Jefferson, John Adams and James Madison is rightly considered as a founding father of the United States of America. In the second half of the eighteenth century, when British colonies in America entered a period of fervent political change, intellectuals such as Hamilton played pivotal roles in guiding and influencing this process. This essay will argue the following thesis: Not only was Alexander Hamilton the leading contributor to the Federalist Papers, he had also played a pivotal role in the establishment of U.S. Treasury and his ideas continue to influence economic policy even today.
Although lesser studied when compared to other Founding Fathers, Hamilton’s contribution in shaping the new American republic is substantial. For example,
“The most practical nation builder of the Founding Fathers, Hamilton (1755-1804) fought tirelessly for . . . Read More
Missing is a classic American Drama film, released in the year 1982. The film is directed by Costa Gavras and it stars Jack Lemmon, Sissy Spacek and Melanie Mayron in lead roles, ably supported by John Shea and Charles Cioffi. The film is produced by Edward Lewis and Mildred Lewis; its script is handled by Donald Stewart and Costa Gavras. The music (which received wide appreciation), was composed by innovative Greek composer Vangelis. Distributed by Universal Pictures, the film runs to two hours.
The script is based on the true story of an American scribe Charles Horman, whose mysterious disappearance in the wake of the Chilean coup of 1973 sets up the crux of the narrative. In this US supported coup, incumbent President Salvador Allende was overthrown by Right-wing forces and the military. At the time of its release, the film attracted controversy due to its honest handling of political realities. Although Chile was never directly referred to in the film, the mention of . . . Read More
My Antonia, a film produced by Victoria Riskin and David Rintels, was released in 1995. It stars Neil Patrick Harris in the lead role. The cinematography and music are handled by Robert Primes and Lori Slomka respectively. Based on a classic literary novel of the same name by Willa Cather, the screenplay is adapted by Victoria Riskin. Directed by Joseph Sargent, the movie stars Jason Robards (Josiah Burden), Eva Marie Saint (Emmaline Burden) and Neil Patrick Harris (Jimmy Burden) in lead character roles.
The script of the film manages to retain most key aspects of the original written work. Set in the late nineteenth century Nebraska, the story revolves around the travails of orphan Jimmy Burden, who moves into his grandparents’ (played by Jason Robards and Eva Marie Saint) farm that is located nearby Black Hawk, Nebraska. Young Jimmy is immediately drawn to 15-year neighbor Antonia Shimerda (played by Elina Lowensohn) and they become close friends. Conflict . . . Read More
Newton’s three laws of motion were the backbone of classical physics, which were subsequently replaced by Albert Einsteins discoveries concerning Theory of Relativity. But till recently, Newton’s three laws of motion played a pivotal role in aiding our understanding of common geo-physical phenomenon. All three laws concern the action or influence of one physical object own another. These laws are usually applied to physical entities that can be idealized as particles, in the sense that the magnitude of its structure and size can be disregarded as its motion alone is considered. A classic case of this approximation is the consideration of whole planetary bodies as orbiting particles is allowed under this framework.
The first law, also usually refered to as the ‘law of inertia’, states that “Every object in a state of uniform motion tends to remain in that state of motion unless an external force is applied to it”. (Newton, 1729, . . . Read More
Despite major achievements in the political front, Ancient Greece would come to be defined by its vibrant and path-breaking intellectual culture. Such luminary figures as Aristotle, Socrates and Plato would found what is now referred to as Western Philosophic thought, which has continued to grow and develop over the course of two thousand centuries. Let us now consider the contributions of Aristotle. Born in 384 BC and believed to have died on 322 BC, Aristotle remains the figure head of Ancient Greek philosophy. He also founded the Peripatetic school of philosophy, which remains in currency even today. Aristotle was widely regard during his time and continues to be revered through the ages. It is perhaps his common-sense approach to philosophy which has endeared and sustained him to academics and laypeople alike. While also expounding on such specialized subjects as physics, metaphysics, linguistics, biology and ethics, Aristotle theorized a great deal on poetry, music, theatre, . . . Read More
A key development in Ancient Greece is the establishment of democracy, albeit to a privileged section of the population. Athenian democracy was thus the earliest instance of this noble institution, whose example continues to inspire and encourage contemporary nation states in various parts of the world. Although, it might appear counter-intuitive at first, the fact that Ancient Greece was an established empire had what facilitated the flourishing of democracy during the period. For example, one of the major developments during the Hellenistic Age was the phenomenon of empire formation. Ancient Athens was truly one of the early models of capital imperialist cities, whose place would later be taken by Rome. Looking retrospectively, historians regard the empires of Romans and Greeks as pinnacles of human achievement. (Nikolaos, 2005, p.45)
Critics point out to the entrenched practices of slavery, brutality and exploitation that were part of the process of empire formation. But . . . Read More
Rationalists and Empiricists have both argued in their own fashion in supporting the existence of God. Differences in their views are based on the extent of emphasis each side lays on human sense experience. Empiricists claim the existence of God based on information and knowledge gathered through sense faculties endowed to humans. Rationalists on the other hand knowledge and truth lay outside/independent of human perception, but yet offer support for the existence of God. Rationalists generally develop their view in two ways.
“First, they argue that there are cases where the content of our concepts or knowledge outstrips the information that sense experience can provide. Second, they constuct accounts of how reason in some form or other provides that additional information about the world.” (SEP, Aug, 2008)
Using this framework, rationalists argue that although no one can claims to have ‘seen’ God, there is enough circumstantial . . . Read More