Monday, January 27, 2020

Business Ethics and Corporate Social Responsibility

Business Ethics and Corporate Social Responsibility The paper critically examines the concepts of business ethics and corporate social responsibility in the light of doing good business. Corporate Social Responsibility; Sustainable Value; Business Ethics Good Ethics are Good for Business There has been over the last three decades a growing emphasis on companies to conduct ethically sound behaviour and practice behaviour governed by ethical code of conduct prescribed by the corporate policy. The birth of industrialization did not bring the need for ethics but the drastic consequences did, in the form of child labour, dishonest trade, lack of systematic procedures and inequity in various aspects in the businesses. Social awareness from 1960s onwards forced companies to consider ethical behaviour, which refines their actions morally and in turn produces a positive image of the company in the eyes of the existing or potential customers and the society as a whole in which the company operates. But this is where the debate arises (Crane, 2006). Ethics are good for business, as it has been claimed by many business authors. However, ethical decision making is by the most complex decision making situation that companies face today. What is ethically right to one is wrong to a nother (Blowfield, 2008). This so happens owing to the definition of ethics, according to which it is the discipline that examines ones moral standards or moral standards of the society (Santa Clara University, 2010). Every individual and society has its own set of values, beliefs and morals and the resultant is a conflict among different ethical decisions which pose a dilemma for managers of companies which are fast expanding across the global and taking into consideration a diverse customer base as well as a diverse workforce belonging to different cultures and different moral orientations (Valasquez, 2008). Following strong ethically behaviour and catering to the rights of individuals and societies which are major stakeholders in the companies, companies follow a socially responsible behaviour which is quality of running a good business (Blowfield, 2008). The need for companies to be socially responsible and ethically sound is a complex issue for the companies as they put forward cost complications as well. But nonetheless, the argument that good ethics are good for businesses is well supported and companies who are not following ethically sound behaviour are facing tremendous challenges in sustaining profitable performance of their operations. It has been argued that commitment to socially responsible behaviour and ethically sound practices is an effective long term strategy and it may lead to short term losses but its benefits are spread across the longer run, which companies have to realize to adapt. The concept of sustainable value emerges in the context of long term corporate social responsibility which companies are increasingly benefiting from (Valasquez, 2008). In todays world filled with immense global crisis and endless social and environmental issues that affect the business environment, the managers, and shareholders are increasingly concerned over the future well-being of their company. With the corporate social responsibility taken as an expense, there is growing concern over preventing overall reduction in the return to the shareholders. Chris Laszlo through his book, Sustainable Value How the worlds leading companies are doing well by doing good, provides a rather comprehensive solution to this problem: Sustainable Value, hence bringing forth social responsibility as an opportunity not as an additional cost to be borne. With a large number of companies operating to service more or less the same pool of customers, there has been heightened competition over gaining an edge in the market over the years, which keeps on increasing. Large companies focus on their competences to gauge success and minimize their costs to provide value back to their shareholders. With the new era came a new concept of corporate social responsibility, which brought the notion that a business has a duty to the society, which it has to fulfill. This only in turn brings a positive image for the company. As much as can be argued about the additional cost it brings for the company, according to Laszlo, investing in social responsibility can only allow the companies to gain competitive advantage. There are many global issues addressing the nations that the companies can choose to serve the society (Laszlo, 2007, p.75). According to Laszlo (2007) surviving in the world of today filled with global crisis let it be in the form of environmental issues that have to be reduced, societal wrongs that need to be corrected and the wellbeing of the community that is to be considered, is an intense business environment on its own. Businesses can no longer survive with a sole responsibility to its owners but being a part of the larger community they have to face the challenges and bring about solutions. Companies now are increasingly opting for addressing specific and special social and environment issues, creating awareness among the people of the society regarding the hazards and at the same time bringing to them solutions let it be in the form of their innovative products and services or through special voluntary services as part of their corporate social responsibility other than following strong ethical conduct internally. Of course, in the end the business benefits from the positive image in the minds of the potential and existing customers, and enjoys the sustainable value that ensures a profitable future (Laszlo, 2007, 178). Such an investment in social responsibility and business ethics which brings about productivity and profitability is termed as sustainable value. Sustainable value is the value given to the shareholders and stakeholders, which can be expressed in monetary terms and which is increasingly rejecting the idea that investing in corporate social responsibility only means additional costs for the business (Laszlo, 2007, p.117). Sustainable value only sustains the returns for the company and the added cost notion is just a myth that is by far the only hindrance in its successful implementation in companies. It calls for social innovation, a change in leadership style and the overall direction of the company that puts the social environment alongside its main objectives, which are all related to maximizing its returns (Vogel, 2008). Creating services and products to cater to the sustainable-value commitment of the business while at the same time applying social responsibility mechanism calls for bringing about social innovation. This, by definition, means creating new strategies, plans, concepts and ideas to address to the specific and existing social needs that are targeted by an organization (May, 2008). Social innovation is by far a different concept from the innovation encouraged in the organizations for the benefit of the organization itself alone. Social innovation has a much larger scope with takes into account the entire external as well as internal environment in which the company operates in addressing each members interests (Vogel, 2008). Sustainable value is a concept, which emerged from the groundwork put forward by the not so distant phenomenon of holistic value. This idea cleverly integrates the monetary objectives of the organization with the social environment, the community in which the business operates in and the internal structure of the organization not missing out any value generating element or competency residing inside and any future value generating opportunity lying in the outside world. Holistic value calls for realizing the bigger picture of the business world, which works successfully with the well-combined effort of its many elements (McElhaney, 2007) When one talks of sustainable value, social responsibility and holistic value, a much concerning object put in focus is the social environment within which the business operates. This social environment consists of the following elements and members: the employees that work for the company to enable it to meet its objectives; the people who are and could be the customers of the company; the social activists and environmental pressure groups which potentially hold the key to disrupting the entire organizations public image let there be any environmental mishap done through its hands; a primary and secondary set of attitudes, values and objectives of each of these groups; a profound culture; and a set of societal norms that the business has to follow up to survive in a well-established social environment (Vogel, 2008). Of course, social environment is not the only influencer of the overall business world, sustainable value strategy making calls for the vivid concern for the serious economic issues facing the nation or the world. Such as the recent global recession that affected the organizations around the world, profit sustainability became quite a challenge to overcome as a circumstance of it (Kotler, and Lee, 2008). This brings forth the ethical dilemmas against the corporate social responsibility, as the major responsibility of the company is towards its shareholders and investors to provide them the most benefits, but in times of economic crisis when the revenues shrink doing so alongside the socially responsible behaviour becomes far difficult. The Commitment to sustainable value ensures the involvement of economic issues to be addressed through a well-formed strategy in combination with the issues of the society, whilst maintain ethical standards of the corporation (Holmes, 2007). This is indeed a long strategy which cannot be implemented or formulated abruptly. According to business ethics authors, commitment towards socially responsible behaviour should be a long term strategy as its benefits are more in future than in the present (May, 2008). The starting point is making the individuals and the teams in the organisation ethically sound in their behaviour and actions so that together as a group, the entire organisations puts forwards a responsible and morally strong behaviour (May, 2008). Once the entire workforce is committed to morality and socially responsible behaviour then can only he company implement a long term strategy for sustainable value, which calls for commitment at individual as well as holistic level in order to bring forth benefits in future. In order to prevail a culture of moral soundness and responsibility, the leaders have to first analyze and understand the different backgrounds the employees belong to and establish commonality in belie fs and values in order to enable the employees to produce an ethical fit in the conduct which is similar for all and minimum conflicts occur. Ethical training is also common nowadays in order to explain to the employees the importance of their moral conduct and how well they can serve the company as well as the society through practicing ethically strong behaviour. With this commitment can only the company successfully practice social responsible behaviour and become good in the eyes of the society.

Sunday, January 19, 2020

The Twilight Saga 4: Breaking Dawn 15. Tick Tock Tick Tock Tick Tock

15. Tick Tock Tick Tock Tick Tock Hey Jake, thought you said you wanted me at dusk. How come you didn't have Leah wake me up before she crashed? ‘Cause I didn't need you. I'm still good. He was already picking up the north half of the circle. Anything? Nope. Nothing but nothing. You did some scouting? He'dcaught the edge of one of my side trips. He headed up the new trail. Yeah – ran a few spokes. You know, just checking. If the Cullens are going to make a hunting trip†¦ Good call. Seth looped back toward the main perimeter. It was easier to run with him than it was to do the same with Leah. Though she was trying – trying hard – there was always an edge to her thoughts. She didn't want to be here. She didn't want to feel the softening toward the vampires that was going on in my head. She didn't want to deal with Seth's cozy friendship with them, a friendship that was only getting stronger. Funny, though, I'd've thought her biggest issue would just be me. We'd always gotten on each other's nerves when we were in Sam's pack. But there was no antagonism toward me now at all, just the Cullens andBella. I wondered why. Maybe it was simply gratitude that I wasn't forcing her to leave. Maybe it was because I understood her hostility better now. Whichever, running with Leah wasn't nearly as bad as I'd expected. Of course, she hadn't eased up that much. The food and clothes Esme had sent for her were all taking a trip downriver right now. Even after I'd eaten my share – not because it smelled nearly irresistible away from the vampire burn, but to set a good example of self-sacrificing tolerance for Leah – she'd refused. The small elk she'd taken down around noon had not totally satisfied her appetite. Did make her mood worse, though. Leah hated eating raw. Maybe we should runa sweep east? Seth suggested. Go deep, see if they're out there waiting. I was thinking about that,I agreed. But let's do it when we're all awake. I don't want to let down our guard. We should do it before the Cullens give it a try, though. Soon. Right. That got me thinking. If the Cullens were able to get out of the immediate area safely, they really ought to keep on going. They probably should have taken off the second we'd come to warn them. They had to be able to afford other digs. And they had friends up north, right? Take Bella and run. It seemed like an obvious answer to their problems. I probably ought to suggest that, but I was afraid they would listen to me. And I didn't wantto haveBella disappear – to never know whether she'd made it or not. No, that was stupid. I wouldtell them togo. It made no sense for them to stay, and it would be better – not less painful, but healthier – for me if Bella left. Easyto say now, when Bella wasn't right there, looking all thrilled to see me and also clinging to life by her fingernails at the same time†¦ Oh, I already asked Edward about that,Seth thought. What? I asked him why they hadn't taken off yet. Gone up to Tanya's place or something. Somewhere too far for Sam to come after them. I had to remind myself that I'd just decided to give the Cullens that exact advice. That it was best. So I shouldn't be mad at Seth for taking the chore out of my hands. Not mad at all. So what did he say? Are they waiting for a window? No. They're not leaving. And that shouldn't sound like good news. Why not? That's just stupid. Not really,Seth said, defensive now. It takes some time to build up the kind of medical access that Carlisle has here. He's got all the stuff he needs to take care of Bella, and the credentials to get more. That's one of the reasons they want to make a hunting run. Carlisle thinks they're going to need more blood for Bella soon. She's using up all the O negative they stored for her. He doesn't like depleting the stockpile. He's going to buy some more. Did you know you can buy blood? If you're a doctor. I wasn't ready to be logical yet. Still seems stupid. They could bring most of it with them, right? And steal what they need wherever they go. Who cares about legal crap when you're the undead? Edward doesn't want to take any risks moving her. She's better than she was. Seriously,Seth agreed. In his head, he was comparing my memories of Bella hooked up to the tubes with the last time he'd seen her as he'd left the house. She'd smiled at him and waved. But she can't move around much, you know. That thing is kicking the hell out of her. I swallowed back the stomach acid in my throat. Yeah, I know. Broke another of her ribs,he told me somberly. My stride faltered, and I staggered a step before I regained my rhythm. Carlisle taped her up again. Just another crack, he said. Then Rosalie said something about how even normal human babies have been known to crack ribs. Edward looked like he was gonna rip her head off. Too bad he didn't Seth was in full report mode now – knowing it was all vitally interesting to me, though I'd never've asked to hear it. Bella's been running a fever off and on today. Just low grade – sweats and then chills. Carlisle's not sure what to make of it – shemightjust be sick. Her immune system can't be in peak form right now. Yeah, I'm sure it's just a coincidence. She's in a good mood, though. She was chatting with Charlie, laughing and all – Charlie!What?! What do you mean, she was talking to Charlie?! Now Seth's pace stuttered; my fury surprised him. Guess he calls every day to talk to her. Sometimes her mom calls, too. Bella sounds so much better now, so she was reassuring him that she was on the mend-On the mend? What the hell are they thinking?! Get Charlie's hopes up just so that he can be destroyed even worse when she dies? I thought they were getting him ready for that! Trying to prepare him! Why would she set him up like this? She might not die,Seth thought quietly. I took deep breath, trying to calm myself. Seth. Even if she pulls through this, she's not doing it human. She knows that, and so do the rest of them. If she doesn't die, she's going to have to do a pretty convincing impersonation of a corpse, kid. Either that, or disappear. I thought they were trying to make this easier on Charlie. Why†¦ ? Think it's Bella's idea. No one said anything, but Edward's face kinda went right along with what you're thinking now. On the same wavelength with the bloodsucker yet again. We ran in silence for a few minutes. I started off along a new line, probing south. Don't get too far. Why? Bella asked me to ask you to stop by. My teeth locked together. Alice wants you, too. She says she's tired of hanging out in the attic like the vampire bat in the belfry. Seth snorted a laugh. was switching off with Edward before. Trying to keep Bella's temperature stable. Cold to hot, as needed. I guess, if you don't want to do it, I could go back – No. I got it,I snapped. Okay.Seth didn't make any more comments. He concentrated very hard on the empty forest. I kept my southern course, searching for anything new. I turned around when I got close to the first signs of habitation. Not near the town yet, but I didn't want to get any wolf rumors going again. We'd been nice and invisible for a long while now. I passed right through the perimeter on my way back, heading for the house. As much as I knew it was a stupid thing to do, I couldn't stop myself. I must be some kind of masochist. There's nothing wrong with you, Jake. This isn't the most normal situation. Shut up, please, Seth. Shutting. I didn't hesitate at the door this time; I just walked through like I owned the place. I figured that would piss Rosalie off, but it was a wasted effort. Neither Rosalie or Bella were anywhere in sight. I looked around wildly, hoping I'd missed them somewhere, my heart squeezing against my ribs in a weird, uncomfortable way. â€Å"She's all right,† Edward whispered. â€Å"Or, the same, I should say.† Edward was on the couch with his face in his hands; he hadn't looked up to speak. Esme was next to him, her arm wrapped tight around his shoulders. â€Å"Hello, Jacob,† she said. â€Å"I'm so glad you came back.† â€Å"Me, too,† Alice said with a deep sigh. She came prancing down the stairs, making a face. Like 1 was late for an appointment. â€Å"Uh, hey,† I said. It felt weird to try to be polite. â€Å"Where's Bella?† â€Å"Bathroom,† Alice told me. â€Å"Mostly fluid diet, you know. Plus, the whole pregnancy thing does that to you, I hear.† â€Å"Ah.† I stood there awkwardly, rocking back and forth on my heels. â€Å"Oh, wonderful,† Rosalie grumbled. I whipped my head around and saw her coming from a hall half-hidden behind the stairway. She had Bella cradled gently in her arms, a harsh sneer on her face for me. â€Å"I knew I smelled something nasty.† And, just like before, Bella's face lit up like a kid's on Christmas morning. Like I'd brought her the greatest gift ever. It was so unfair. â€Å"Jacob,† she breathed. â€Å"You came.† â€Å"Hi, Bells.† Esme and Edward both got up. I watched how carefully Rosalie laid Bella out on the couch. I watched how, despite that, Bella turned white and held her breath – like she was set on not making any noise no matter how much it hurt. Edward brushed his hand across her forehead and then along her neck. He tried to make it look as if he was just sweeping her hair back, but it looked like a doctor's examination to me. â€Å"Are you cold?† he murmured. I'm fine.† â€Å"Bella, you know what Carlisle told you,† Rosalie said. â€Å"Don't downplay anything. It doesn't help us take care of either of you.† â€Å"Okay, I'm a little cold. Edward, can you hand me that blanket?† I rolled my eyes. â€Å"Isn't that sort of the point of me being here?† â€Å"You just walked in,† Bella said. â€Å"After running all day, I'd bet. Put your feet up for a minute. I'll probably warm up again in no time.† I ignored her, going to sit on the floor next the sofa while she was still telling me what to do. At that point, though, I wasn't sure how†¦. She looked pretty brittle, and I was afraid to move her, even to put my arms around her. So I just leaned carefully against her side, letting my arm rest along the length of hers, and held her hand. Then I put my other hand against her face. It was hard to tell if she felt colder than usual. â€Å"Thanks, Jake,† she said, and I felt her shiver once. â€Å"Yeah,† I said. Edward sat on the arm of the sofa by Bella's feet, his eyes always on her face. It was too much to hope, with all the super-hearing in the room, that no one would notice my stomach rumbling. â€Å"Rosalie, why don't you get Jacob something from the kitchen?† Alice said. She was invisible now, sitting quietly behind the back of the sofa. Rosalie stared at the place Alice's voice had come from in disbelief. â€Å"Thanks, anyway, Alice, but I don't think I'd want to eat something Blondie's spit in. I'd bet my system wouldn't take too kindly to venom.† â€Å"Rosalie would never embarrass Esme by displaying such a lack of hospitality.† â€Å"Of course not,† Blondie said in a sugar-sweet voice that I immediately distrusted. She got up and breezed out of the room. Edward sighed. â€Å"You'd tell me if she poisoned it, right?† I asked. â€Å"Yes,† Edward promised. And for some reason I believed him. There was a lot of banging in the kitchen, and – weirdly – the sound of metal protesting as it was abused. Edward sighed again, but smiled just a little, too. Then Rosalie was back before I could think much more about it. With a pleased smirk, she set a silver bowl on the floor next to me. â€Å"Enjoy, mongrel.† It had once probably been a big mixing bowl, but she'd bent the bowl back in on itself until it was shaped almost exactly like a dog dish. I had to be impressed with her quick craftsmanship. And her attention to detail. She'd scratched the word Fido into the side. Excellent handwriting. Because the food looked pretty good – steak, no less, and a big baked potato with all the fixings – I told her, â€Å"Thanks, Blondie.† She snorted. â€Å"Hey, do you know what you call a blonde with a brain?† I asked, and then continued on the same breath, â€Å"a golden retriever.† â€Å"I've heard that one, too,† she said, no longer smiling. â€Å"I'll keep trying,† I promised, and then I dug in. She made a disgusted face and rolled her eyes. Then she sat in one of the armchairs and started flicking through channels on the big TV so fast that there was no way she could really be surfing for something to watch. The food was good, even with the vampire stink in the air. I was getting really used to that. Huh. Not something I'd been wanting to do, exactly†¦ When I was finished – though I was considering licking the bowl, just to give Rosalie something to complain about – I felt Bella's cold fingers pulling softly through my hair. She patted it down against the back of my neck. â€Å"Time for a haircut, huh?† â€Å"You're getting a little shaggy,† she said. â€Å"Maybe – â€Å" â€Å"Let me guess, someone around here used to cut hair in a salon in Paris?† She chuckled. â€Å"Probably.† â€Å"No thanks,† I said before she could really offer. â€Å"I'm good for a few more weeks.† Which made me wonder how long she was good for. I tried to think of a polite way to ask. â€Å"So†¦ urn†¦ what's the, er, date? You know, the due date for the little monster.† She smacked the back of my head with about as much force as a drifting feather, but didn't answer. â€Å"I'm serious,† I told her. â€Å"I want to know how long I'm gonna have to be here.† How long you're gonna be here, I added in my head. I turned to look at her then. Her eyes were thoughtful; the stress line was there between her brows again. â€Å"I don't know,† she murmured. â€Å"Not exactly. Obviously, we're not going with the nine-month model here, and we can't get an ultrasound, so Carlisle is guesstimating from how big I am. Normal people are supposed to be about forty centimeters here† – she ran her finger right down the middle of her bulging stomach – â€Å"when the baby is fully grown. One centimeter for every week. I was thirty this morning, and I've been gaining about two centimeters a day, sometimes more___† Two weeks to a day, the days flying by. Her life speeding by in fast-forward. How many days did that give her, if she was counting to forty? Four? It took me a minute to figure out how to swallow. â€Å"You okay?† she asked. I nodded, not really sure how my voice would come out. Edward's face was turned away from us as he listened to my thoughts, but I could see his reflection in the glass wall. He was the burning man again. Funny how having a deadline made it harder to think about leaving, or having her leave. I was glad Seth'd brought that up, so I knew they were staying here. It would be intolerable, wondering if they were about to go, to take away one or two or three of those four days. My four days. Also funny how, even knowing that it was almost over, the hold she had on me only got harder to break. Almost like it was related to her expanding belly – as if by getting bigger, she was gaining gravitational force. For a minute I tried to look at her from a distance, to separate myself from the pull. I knew it wasn't my imagination that my need for her was stronger than ever. Why was that? Because she was dying? Or knowing that even if she didn't, still – best case scenario – she'd be changing into something else that I wouldn't know or understand? She ran her finger across my cheekbone, and my skin was wet where she touched it. â€Å"It's going to be okay,† she sort of crooned. It didn't matter that the words meant nothing. She said it the way people sang those senseless nursery rhymes to kids. Rock-a-bye, baby. â€Å"Right,† I muttered. She curled against my arm, resting her head on my shoulder. â€Å"I didn't think you would come. Seth said you would, and so did Edward, but I didn't believe them.† â€Å"Why not?† I asked gruffly. â€Å"You're not happy here. But you came anyway.† â€Å"You wanted me here.† â€Å"I know. But you didn't have to come, because it's not fair for me to want you here. I would have understood.† It was quiet for a minute. Edward'd put his face back together. He looked at the TV as Rosalie went on flipping through the channels. She was into the six hundreds. I wondered how long it would take to get back to the beginning. â€Å"Thank you for coming,† Bella whispered. â€Å"Can I ask you something?† I asked. â€Å"Of course.† Edward didn't look like he was paying attention to us at all, but he knew what I was about to ask, so he didn't fool me. â€Å"Why do you want me here? Seth could keep you warm, and he's probably easier to be around, happy little punk. But when walk in the door, you smile like I'm your favorite person in the world.† â€Å"You're one of them.† â€Å"That sucks, you know.† â€Å"Yeah.† She sighed. â€Å"Sorry.† â€Å"Why, though? You didn't answer that.† Edward was looking away again, like he was staring out the windows. His face was blank in the reflection. â€Å"It feels†¦ complete when you're here, Jacob. Like all my family is together. I mean, I guess that's what it's like – I've never had a big family before now. It's nice.† She smiled for half a second. â€Å"But it's just not whole unless you're here.† â€Å"I'll never be part of your family, Bella.† I could have been. I would have been good there. But that was just a distant future that died long before it had a chance to live. â€Å"You've always been a part of my family,† she disagreed. My teeth made a grinding sound. ‘That's a crap answer.† â€Å"What's a good one?† â€Å"How about, ‘Jacob, I get a kick out of your pain.'† I felt her flinch. â€Å"You'd like that better?† she whispered. â€Å"It's easier, at least. I could wrap my head around it. I could deal with it.† I looked back down at her face then, so close to mine. Her eyes were shut and she was frowning. â€Å"We got off track, Jake. Out of balance. You're supposed to be part of my life – I can feel that, and so can you.† She paused for a second without opening her eyes – like she was waiting for me to deny it. When I didn't say anything, she went on. â€Å"But not like this. We did something wrong. No. I did. I did something wrong, and we got off track___† Her voice trailed off, and the frown on her face relaxed until it was just a little pucker at the corner of her lips. I waited for her to pour some more lemon juice into my paper cuts, but then a soft snore came from the back of her throat. â€Å"She's exhausted,† Edward murmured. â€Å"It's been a long day. A hard day. I think she would have gone to sleep earlier, but she was waiting for you.† I didn't look at him. â€Å"Seth said it broke another of her ribs.† â€Å"Yes. It's making it hard for her to breathe.† â€Å"Great.† â€Å"Let me know when she gets hot again.† â€Å"Yeah.† She still had goose bumps on the arm that wasn't touching mine. I'd barely raised my head to look for a blanket when Edward snagged one draped over the arm of the sofa and flung it out so that it settled over her. Occasionally, the mind-reading thing saved time. For example, maybe I wouldn't have to make a big production out of the accusation about what was going on with Charlie. That mess. Edward would just hear exactly how furious – â€Å"Yes,† he agreed. â€Å"It's not a good idea.† â€Å"Then why?† Why was Bella telling her father she was on the mend when it would only make him more miserable? â€Å"She can't bear his anxiety.† â€Å"So it's better – â€Å" â€Å"No. It's not better. But I'm not going to force her to do anything that makes her unhappy now. Whatever happens, this makes her feel better. I'll deal with the rest afterward.† That didn't sound right. Bella wouldn't just shuffle Charlie's pain off to some later date, for someone else to face. Even dying. That wasn't her. If I knew Bella, she had to have some other plan. â€Å"She's very sure she's going to live,† Edward said. â€Å"But not human,† I protested. â€Å"No, not human. But she hopes to see Charlie again, anyway.† Oh, this just got better and better. â€Å"See. Charlie.† I finally looked at him, my eyes bugging. â€Å"Afterwards. See Charlie when she's all sparkly white with the bright red eyes. I'm not a bloodsucker, so maybe I'm missing something, but Charlie seems like kind of a strange choice for her first meal.† Edward sighed. â€Å"She knows she won't be able to be near him for at least a year. She thinks she can stall. Tell Charlie she has to go to a special hospital on the other side of the world. Keep in contact through phone calls___† â€Å"That's insane.† â€Å"Yes.† â€Å"Charlie's not stupid. Even if she doesn't kill him, he's going to notice a difference.† â€Å"She's sort of banking on that.† I continued to stare, waiting for him to explain. â€Å"She wouldn't be aging, of course, so that would set a time limit, even if Charlie accepted whatever excuse she comes up with for the changes.† He smiled faintly. â€Å"Do you remember when you tried to tell her about your transformation? How you made her guess?† My free hand flexed into a fist. â€Å"She told you about that?† â€Å"Yes. She was explaining her†¦ idea. You see, she's not allowed totell Charlie the truth – it would be very dangerous for him. But he's a smart, practical man. She thinks he'll come up with his own explanation. She assumes he'll get it wrong.† Edward snorted. â€Å"After all, we hardly adhere to vampire canon. He'll make some wrong assumption about us, like she did in the beginning, and we'll go along with it. She thinks she'll be able to see him†¦ from time to time.† â€Å"Insane,† I repeated. â€Å"Yes,† he agreed again. It was weak of him to let her get her way on this, just to keep her happy now. It wouldn't turn out well. Which made me think that he probably wasn't expecting her to live to try out her crazy plan. Placating her, so that she could be happy for a little while longer. Like four more days. â€Å"I'll deal with whatever comes,† he whispered, and he turned his face down and away so that I couldn't even read his reflection. â€Å"I won't cause her pain now.† â€Å"Four days?†I asked. He didn't look up. â€Å"Approximately.† â€Å"Then what?† â€Å"What do you mean, exactly?† I thought about what Bella had said. About the thing being wrapped up nice and tight in something strong, something like vampire skin. So how did that work? How did it get out? â€Å"From what little research we've been able to do, it would appear the creatures use their own teeth to escape the womb,† he whispered. I had to pause to swallow back the bile. â€Å"Research?† I asked weakly. â€Å"That's why you haven't seen Jasper and Emmett around. That's what Carlisle is doing now. Trying to decipher ancient stories and myths, as much as we can with what we have to work with here, looking for anything that might help us predict the creature's behavior.† Stories? If there were myths, then†¦ â€Å"Then is this thing not the first of its kind?† Edward asked, anticipating my question. â€Å"Maybe. It's all very sketchy. The myths could easily be the products of fear and imagination. Though .. .† – he hesitated – â€Å"your myths are true, are they not? Perhaps these are, too. They do seem to be localized, linked___† â€Å"How did you find†¦ ?† â€Å"There was a woman we encountered in South America. She'd been raised in the traditions of her people. She'd heard warnings about such creatures, old stories that had been passed down.† â€Å"What were the warnings?† I whispered. â€Å"That the creature must be killed immediately. Before it could gain too much strength.† Just like Sam thought. Was he right? â€Å"Of course, their legends say the same of us. That we must be destroyed. That we are soulless murderers.† Two for two. Edward laughed one hard chuckle. â€Å"What did their stories say about the†¦ mothers?† Agony ripped across his face, and, as I flinched away from his pain, I knew he wasn't going to give me an answer. I doubted he could talk. tt was Rosalie – who'd been so still and quiet since Bella'd fallen asleep that I'd nearly forgotten her – who answered. She made a scornful noise in the back of her throat. â€Å"Of course there were no survivors,† she said. No survivors, blunt and uncaring. â€Å"Giving birth in the middle of a disease-infested swamp with a medicine man smearing sloth spit across your face to drive out the evil spirits was never the safest method. Even the normal births went badly half the time. None of them had what this baby has – caregivers with an idea of what the baby needs, who try to meet those needs. A doctor with a totally unique knowledge of vampire nature. A plan in place to deliver the baby as safely as possible. Venom that will repair anything that goes wrong. The baby will be fine. And those other mothers would probably have survived if they'd had that – if they even existed in the first place. Something I am not convinced of.† She sniffed disdainfully. The baby, the baby. Like that was all that mattered. Bella's life was a minor detail to her – easy to blow off. Edward's face went white as snow. His hands curved into claws. Totally egotistical and indifferent, Rosalie twisted in her chair so that her back was to him. He leaned forward, shifting into a crouch. Allow me,I suggested. He paused, raising one eyebrow. Silently, I lifted my doggy bowl off the floor. Then, with a quick, powerful flip of my wrist, I threw it into the back of Blondie's head so hard that – with an earsplitting bang – it smashed flat before it ricocheted across the room and snapped the round top piece off the thick newel post at the foot of the stairs. Bella twitched but didn't wake up. â€Å"Dumb blonde,† I muttered. Rosalie turned her head slowly, and her eyes were blazing. â€Å"You. Got. Food. In. My. Hair.† That did it. I busted up.I pulled away fromBella so that I wouldn't shake her, and laughed so hard that tears ran down my face. From behind the couch, I heard Alice's tinkling laugh join in. I wondered why Rosalie didn't spring. I sort of expected it. But then I realized that my laughing had woken Bella up, though she'd slept right through the real noise. â€Å"What's so funny?† she mumbled. â€Å"I got food in her hair,† I told her, chortling again. â€Å"I'm not going to forget this, dog,† Rosalie hissed. â€Å"S'not so hard to erase a blonde's memory,† I countered. â€Å"Just blow in her ear.† â€Å"Get some new jokes,† she snapped. â€Å"C'mon, Jake. Leave Rose alo – † Bella broke off mid-sentence and sucked in a sharp breath. In the same second, Edward was leaning over the top of me, ripping the blanket out of the way. She seemed to convulse, her back arching off the sofa. â€Å"He's just,† she panted, â€Å"stretching.† Her lips were white, and she had her teeth locked together like she was trying to hold back a scream. Edward put both hands on either side of her face. â€Å"Carlisle?† he called in a tense, low voice. â€Å"Right here,† the doctor said. I hadn't heard him come in. â€Å"Okay,† Bella said, still breathing hard and shallow. â€Å"Think it's over. Poor kid doesn't have enough room, that's all. He's getting so big.† It was really hard to take, that adoring tone she used to describe the thing that was tearing her up. Especially after Rosalie's callousness. Made me wish I could throw something at Bella, too. She didn't pick up on my mood. â€Å"You know, he reminds me of you, Jake,† she said – affectionate tone – still gasping. â€Å"Do not compare me to that thing,† I spit out through my teeth. â€Å"I just meant your growth spurt,† she said, looking like I'd hurt her feelings. Good. â€Å"You shot right up. I could watch you getting taller by the minute. He's like that, too. Growing so fast.† I bit my tongue to keep from saying what I wanted to say – hard enough that I tasted blood in my mouth. Of course, it would heal before I could swallow. That's what Bella needed. To be strong like me, to be able to heal†¦. She took an easier breath and then relaxed back into the sofa, her body going limp. â€Å"Hmm,† Carlisle murmured. I looked up, and his eyes were on me. â€Å"What?† I demanded. Edward's head leaned to one side as he reflected on whatever was in Carlisle's head. â€Å"You know that I was wondering about the fetus's genetic makeup, Jacob. About his chromosomes.† â€Å"What of it?† â€Å"Well, taking your similarities into consideration – â€Å" â€Å"Similarif/es?† I growled, not appreciating the plural. â€Å"The accelerated growth, and the fact that Alice cannot see either of you.† I felt my face go blank. I'd forgotten about that other one. â€Å"Well, I wonder if that means that we have an answer. If the similarities are gene-deep.† â€Å"Twenty-four pairs,† Edward muttered under his breath. â€Å"You don't know that.† â€Å"No. But it's interesting to speculate,† Carlisle said in a soothing voice. â€Å"Yeah. Just fascinating† Bella's light snore started up again, accenting my sarcasm nicely. They got into it then, quickly taking the genetics conversation to a point where the only words I could understand were the the's and the ands. And my own name, of course. Alice joined in, commenting now and then in her chirpy bird voice. Even though they were talking about me, I didn't try to figure out the conclusions they were drawing. I had other things on my mind, a few facts I was trying to reconcile. Fact one, Bella'd said that the creature was protected by something as strong as vampire skin, something that was too impenetrable for ultrasounds, too tough for needles. Fact two, Rosalie'd said they had a plan to deliver the creature safely. Fact three, Edward'd said that – in myths – other monsters like this one would chew their way out of their own mothers. I shuddered. And that made a sick kind of sense, because, fact four, not many things could cut through something as strong as vampire skin. The half-creature's teeth – according to myth – were strong enough. My teeth were strong enough. And vampire teeth were strong enough. It was hard to miss the obvious, but I sure wished I could. Because I had a pretty good idea exactly how Rosalie planned to get that thing â€Å"safely† out.

Saturday, January 11, 2020

Human rights violation against Kurdish minorities in Turkey Essay

Kish had never known how it feels to be happy. As a small boy, his parents were killed when one of the major buildings in the city was bombed. He was very young then and he cannot even recall the faces of his parents. Fortunately he sought refuge with neighbors who were more than willing to take him in. However, after a few months of his stay, events took a new turn. Kish became the house help of the Mirth family. Too tiny to cope up with the difficult chaos, Kish received insults for a small mistake. Sometimes, he was severely whipped. Every member of the large family could turn their anger to the small child. While other children of the house attended their classes, Kish was denied the right for his education. Orphaned and homeless, Kish had no one to turn to or a better place to run away to. He thus remained with the terrible family, enduring pain and suffering. Kish is just a representation of what the Turkish Kurds have gone through in the past. The Kurds as they are widely known have no place they can call home. They are the ancient Middle East people who live in Kurdistan, a mountainous place. The Turkish government has been part and parcel in the oppression and discrimination of the Kurds in the country (English Online, nd). Kurdistan covers different countries namely: Turkey, Syria, Armenia, Azerbaijan, Iraq and Iran. After the collapse of the Ottoman Empire in the Middle East in the early 20th century, independent states like Turkey and Iran were formed with the exception of a Kurdistan state. Many are the times when the Kurds have been promised of an independent state of their own but the countries around refused the creation of independent Kurdistan state. The Kurds have inhabited this particular place for a number of centuries now. They had been like homeless children as they had never had their own country. The countries on which Kurdistan stands have taken advantage of their homelessness and oppressed the Kurds beyond measure (English Online, nd). The suffering tale of the Kurds Turkey can win the Nobel Peace Breaking Award (if such is introduced) for their mistreatments on the minorities. It is nearly two hundred years now and the Turks are still adamant to abandon the malpractices. The only term that can best describe the Turks is, ‘bloody killers. ’ In the early 20th century, they conducted a genocide that left a million and a half Armenians dead. The blood thirsty Turks have turned their heads towards the Kurds who have been fighting for their identity, culture and language. Approximately 30,000 Kurds have been slain by the cruel sword of the Turks (Lobby, nd). The Turks not only killed but also displaced The Kurds. Turkish troops have put 3,000 Kurdish villages ablaze putting the lives of three million Kurds in refugees’ camps (Lobby, nd). In the years1980s and 90s, Kurdish communities were evicted from their homes by the Turkish security forces. The act was aimed at depriving the armed PKK (Worker’s Party of Kurdistan) accessibility to infrastructure and goods. ,500 towns together with villages were blazed under the state of emergency rule. From a research done in the month of December 2006 by the Turkish government, approximately one million Kurds had been displaced out of south east Turkey from 1986 – 2005. The NGOs had a different figure of between one and four million five hundred thousand which is quite a shocking figure of the IDPs (Internally Displaced People). They had to be compensated for the displacement but by the set deadline of May 2008, 313,829 cases had still been filed. According to reports IDPs were to receive lower compensations as compared with state officials. The officials are said to have suffered damages during the conflict. Did they suffer more or less than the Kurdish? Furthermore who started the chaos? In this compensation also there is gender discrimination and senseless documentary evidence requirements. Other damages caused like post – traumatic stress was not compensated (Jaroslawski, 2008). The Progressive Report of the European Commission of 2008 points out that if the situation of the IDPs is not going to be addressed, they will continue suffering socially and economically. The IDPS will have no accessibility to educational, health and social services. This is an indication that the IDPs by nature are discriminated against not by their fate but by being Kurdish (Jaroslawski, 2008). Turkey has carried out ethnic cleansing and displaced the Kurds from their homes for no mature reason. This can only be termed as violation of the human rights (Lobby, nd). The Kurdish people are objects of torture by the Turkish security officers. A report by the Human Rights Watch in 2007 showed that there was an increased police brutality when the daily identity checks were being carried out. The prisoners also carried the same cross as they were maltreated. Fatal shootings of the Kurdish people were common activities; they were not carried out by rogues but were extrajudicial killings. Why was all this brutality so common in the southeast Turkey and to the Kurdish Humanity? The security officer use force wrongly and intimidate the Kurds (Jaroslawski, 2008). Human rights violation against the Kurds continues to be experienced. There are new anti-terror regulations that have been put to infringe on the rights of the Kurds. Examples as Jaroslawski lists them include†Ã¢â‚¬ ¦ access to a lawyer for suspected detainees may now be denied for a period of 24 hours, publishing houses can be temporary closed without court decision under accusation of ’ terrorist propaganda’ and conscientious objection (from military service) can now be considered as a terrorist offence† (Jaroslawski, 2008). Why does this only happen to Kurdish- related – issues? Judges can give many interpretations concerning ‘incitement to violence’ and ‘public interest’ as far as the Kurds are concerned. It will lead to freedom of expression violations! (Jaroslawski, 2008). Kurds have been treated unfairly by Turkish government who have coined a name for them; â€Å"mountain Kurds (English Online, nd). In a demonstration, a Kurdish girl, Berivan aged 15 received 8 year imprisonment for throwing stones at the police at a banned PKK rally. Was this young girl judged fairly? It was not a surprise for Bervian’s arrest as Kurdish children get imprisoned for singing Kurdish songs (Kayserian, 2010). What crime is committed by speaking a language that you were born with? The Kurds speak a language close to Persian but the Turkish governments have forbidden them from speaking their own language (English Online, nd). Each and every language group has a culture but the question that is hard to answer is; is there culture superiority? The Kurds were not allowed to express themselves culturally. They were not permitted to wear their own traditional clothes in towns and cities (English – online, nd). The Kurdish culture was presented by the Turkish officials as backwards and violent. This was an aim to eradicate the Kurdish culture and replace it with the more ‘modernized’ values of the Turks (Jaroslawski, 2008). The Kurds have their own identity. For example they claim that the name ‘Kurd’ is onomatopoeic for the sound made by cracking snow as the ‘highlander Turks’ walked along the mountainous place. The Turkish community is working very hard to see that the ethnic identity of the Kurds has been completely eroded. All that the Kurdish community wants from Turkey is their language right. They are claiming the freedom to let them learn and speak their language. However, this is only possible after the Turkish constitution has been amended. This will not come so fast; the freedom to use their language will continue to be denied for a longer time (Jaroslawki, 2008). Though some radio stations have been allowed to broadcast in other languages other than Turkish, educational radio programs to teach Kurdish language are prohibited. Young people are the targeted group; not to learn their language. Kurdish is not taught in the schooling system be it in private or public systems. It is also illegal to use any other language apart from Turkish in the administration sector or in political rallies. The Kurdish has traditional celebrations of Kurdish Newroz Springs in the months of March and May. In the recent years, there has been a clash with security forces. The security forces have been condemned for using their force to ruin the celebrations of the Kurds. This is a clear portrayal that the right to embrace their culture has been severely squeezed from all directions (Jaroslawki, 2008). The Kurds have no freedom of expression. The defenders of their rights have been through trying times in the attempt to express their opinions. Jaroslawki in the article, Human rights of the Kurdish community in Turkey, says that they â€Å"†¦have often been prosecuted under Article 301 of the Turkish penal Law for ‘denigrating Turkishness’ and state institutions† (Jaroslawki, 2008). There are very many prosecutions against the Kurds who peacefully express their opinions (Squidoo, 2010) Income in Turkey is not distributed fairly. Kurds in the East and South – East regions of Turkey are disadvantaged. They are languishing in poverty due to the unbalanced income. Development in the Kurdish lands is needed but the issue regarding Kurds is controlled by political determinants. The Turkish Prime Minister, Tayyip Erdogan declared an investment of 11. 7 billion euros to put up infrastructure in the Kurdish regions. This was perhaps a campaign strategy towards regional elections of 2009 and not a genuine state policy. He visited the province of Diyarbakir in 2008 and before his footsteps faded, there were riots by the Kurds and their clash with the security offices of Turkey. One would be left wondering why the Kurdish went on riots after such an ‘honored’ visit by their Prime Minister (Jaroslawski, 2008). The Kurdish people have failed to be genuinely represented in the Grand National Assembly. The poor representation is blamed on the conflicts while in the real sense it is not the cause. The DTP pro – Kurdish party with its own independent candidates managed 10% national vote requirement and obtained 23 seats of the Grand National Assembly. Currently, the party has a great public support. However, corruption, nepotism and allegation of the party’s linkage with PKK made a big portion of the Kurdish electorate convinced and they voted AKP party; currently the ruling party. The Kurds blame the Kurdish politicians for failure to undertake a legal action (Jaroslawski, 2008). How has the human rights violation been addressed by the government? Turkey is, as it says, has tried to respect the human rights of all its citizens by abolishing the death penalty as from the year 2003 (Republic of Turkey Ministry of Foreign affairs, nd). The reform process has ensured an admirable progress also in â€Å"inter alia, abolishing death penalty, fight against torture, reforming the prison system, freedom of expression, freedom of association and assembly, freedom of religion, functioning of the judiciary, civil-military relations, economics, social and cultural rights and anti-corruption measures† says the foreign affairs ministry in one of their objectives. Human rights education is currently offered in the school system to increase awareness to the citizens about their human rights. This will be in no exception to the Kurdish community also (Republic of Turkey Ministry of Foreign affairs, nd). The Turkey government has lifted the ban on use of the Kurdish language. Kurdish broadcasts have been legalized but Kurdish cultural expressions are still to be permitted (Squidoo, 2010). The Turkey government claims to protect human rights. What rights are protected if there is no freedom of association? PKK, Kurdish citizens’ voice was founded in 1980 to help overcome the people’s oppression. The Turkish government called the organization a terrorist group for the group’s fight against violations of the human rights (Kayserian, 2010). Human Rights Policy of Turkey One of the major objectives of the Turkey government is to promote and protect human rights. It is for this reason that there has been reform processes currently. The aims of the reforms are to give strength to democracy and ensuring that the rights and freedoms such as the human rights are respected. What right is respected when Turkey deprive some of its citizens of their human rights? Are these reforms meant to cover a specific group of people and not for all? (Republic of Turkey Ministry of Foreign affairs, nd). According to the human rights policies, it is the work of the Human Rights Boards to carry out investigations on human rights’ abuses and thereafter report to the relevant authorities for a legal action. There is also a parliamentary Human Rights Inquiry Commission that monitors human rights issues especially in prisons and detention centers (Republic of Turkey Ministry of Foreign affairs, nd).

Friday, January 3, 2020

Global Financial Crisis Its Causes And The Global...

Assignment topic: Global financial crisis: its cause and the global responses Introduction The global financial crisis or economy crisis is commonly believed to have begun in July 2007 with credit crunch, when a loss of confidence by the US investors in the value of sub-prime mortgages caused a liquidity crisis. On the other hand, due to the big changes that took place over the last 20 to 30 years in the worldwide economy and the influence of 2007 financial crisis, it has re-emerged as one of the hottest topics on the agenda of accounting standards setters both under United States of America (USA). Generally Accepted Accounting Principles (GAAP) and international financial reporting standard (IFRS). Current research seems well balanced across the prospective and consensus of fair value, lending ammunition both to those in favour and to the opponents of fair value accounting. Subjectivity, estimates and managerial discretion permeate the concept, definition and measurements of fair value, leaving such measurements open to an aggressive use of judgement and estimate. However, fair value accounting is more closely related to the needs of a globalized and information-based economy and is likely to grow in importance and use in the future. Therefore, this essay will discusses evidence and summarizes some current papers on the informational impact of fair value measurements on market participants. Additionally, it will examine the responses put forwards by developed nations.Show MoreRelatedThe Financial Crisis And The G20 Essay1456 Words   |  6 PagesIntroduction: The collapse of the financial market in the United States created an accelerated momentum that pushed the global economy towards a detrimental downward spiral during 2008. In response to the crisis, the world’s top economies created the G20 leaders’ forum in order to manage the financial downturn. Although the crisis was somewhat managed by the G20, the Great Recession left the world with a weak and stagnate global economy. The rise of secular stagnation was a viable threat followingRead MoreEssay on Overview of the Recent Financial Crisis in the US1468 Words   |  6 Pages1. Introduction The financial crisis started in the USA because of subprime mortgage crisis in 2007. As a consequence of it, a credit crunch was originated and it quickly spread from the real state sector to other sectors, and furthermore, from USA to other countries. This caused a series of financial and economic crises like the collapse of housing markets in Europe, the global stock markets, global financial systems and markets, along with a lot of large banks and financial institutions, as (SunRead MoreProblems Associated With The Financial Crisis1165 Words   |  5 Pagesconventional view that the initial financial problems were concentrated in institutions exposed to mortgage securitization. But how it is that financial imbalances were transmitted into macroeconomic disruptions? What mainly channeled the crisis to other sectors was the resulting contraction in credit, of banks and other financial intermediaries. It is important to differentiate between the loss of financial actors associated w ith mortgages, which was the initially crisis, and the losses caused by theRead MoreFinancial Crisis Of A Single Country1671 Words   |  7 Pages Table of Contents Summary 2 Financial crisis 3 Impact of financial crisis 4 Effect of financial crisis on different on the economies of different countries 5 Mathematical problems 6 Conclusiom 8 References ..................................................................................................................................................9 Summary Financial crisis has long been a part of global economic recession throughout the history. Here, the purpose of this assignmentRead MoreWhat Is Economic Crisis?1474 Words   |  6 Pagesrepercussions of the economic crisis are not going to disappear in the short What is economic crisis? * An economic crisis is A situation in which the economy of a country or countries experiences a sudden downturn brought on by a financial crisis. A financial crisis is a situation when money demand quickly rises relative to money supply. Until a few decades ago, a financial crisis was equivalent to a banking crisis. Today it may also take the form of a currency crisis. Many economists have comeRead More2007-2008 Financial Crisis1327 Words   |  6 PagesThe Global Financial Crisis of 2007-2008 The Global Financial Crisis 2007-2008 Economists and scholars spend years dissecting financial markets and evaluating the causes of booms and busts. Throughout United States history there have been multiple economic booms that were underestimated and followed by recessions. In the situation of the 2007-2008 global financial crisis many culprits have been identified as causes, such as loose monetary policy, credit booms, deregulation, over complexity,Read MoreFactors That Affects The Global Economy And Its Impact On The Nigeria And Egypt Economy1568 Words   |  7 Pagesthe factors that affects the global economy and their impact on the Nigeria and Egypt economy. In 2007, the financial crisis, which later extended to the global financial crisis began in the United States of America. The origin and elements of the 2007/2012 global financial crisis have been widely discussed in the literature throughout the period. The aim of this work is to, however, try to point out the reasons and also the macroeconomic effects of the financial crisis in both countries economy andRead MoreWhy India Recovered Quickly From The 2008 Global Crisis Essay1594 Words   |  7 PagesIndia recovered quickly from the 2008 global crisis? Vivek Shah MBA AF 629 December 12, 2016 Introduction It’s the most heard term about the global economy in the recent years and it’s the year we have been always hearing about its 2008. We all have been a part of it in some or the other way and all the major economies had been affected by the global turmoil which eventually lead to the worst situation after the Great depression of 1929. The sub-prime crisis in USA which lead to great recessionRead MoreFinancial Article Review713 Words   |  3 Pagesï » ¿ Financial Article Review The topic of Taylors keynote speech is not an original one: he wants to know, share, and understand how the financial crisis in the first decade of the 21st century occurred. The method or approaching in tackling this issue is more original: he contends that some of the greatest factors influencing the onset of financial catastrophe is due to policies. At the heart of Taylors argument is the presence of policies that created a sort of breeding ground for such a crisisRead MoreFinancial Crisis : The Fiscal Crisis1355 Words   |  6 Pagesgeneral, a financial crisis is not an accident; it may take several years and has complex and interlaced causes (Claessens and Kodres, 2014). The 2007-08 global financial crisis is a typical case due to long-term non-intervention policy and loose regulation for financial market from government. Moreover, it involved the complex relationship between government and financial institutions. In order to look at this issue in particular, this essay first goes though the timeline of the 2007-08 financial crisis