Mutilating Self Into Spirit Sylvia Plaths Poems.

Sylvia Plath’s poems: Translation of the self into spirit, after an ordeal of mutilation. Introduction of the poems and the essay: * â€Å"Daddy† Sylvia Plath uses her poem, â€Å"Daddy†, to express intense emotions towards her father’s life and death and her disastrous relationship with her husband. The speaker in this poem is Sylvia Plath who has lost her father at age ten, at a time when she still adored him unconditionally. Then she gradually realizes the oppressing dominance of her father, and compares him to a Nazi, a devil, and a vampire. Later, the conflict of this relationship continues with her husband which led to a short and painful marriage. In â€Å"Daddy† by Sylvia Plath, the author illustrates her feelings of anger and resentment†¦show more content†¦H. Auden, Elizabeth Bishop, William Blake, Robert Lowell, J. D. Salinger, Anne Sexton, Dylan Thomas, Virginia Woolf, W. B. Yeats | | InfluencedTed Hughes, Jaime Manrique[1], Marjorie Perloff[2] | | Signature | | Analysis of the poem: â€Å"Daddy† * The title and the notion â€Å"daddy†: The word â€Å"daddy† generally refers to the notion of the benignity and protectiveness of or befitting a father. It is a quite positive term and a source of happiness and ultimate fountain of love for children. Here, the term is shown quite negatively and a father has become the cause of unhappiness and mental destruction for the poet. The poem opens with the negative tone and shows how the poet has suffered because of her father’s absence. The poet calls her father as God in the beginning and then as the poem goes the figure of Godly â€Å"daddy† turns into the devilish one. She wishes to come out of the memory of her father as she says, Daddy, I have to kill you. You died before I had time— Marble-heavy, a bag full of God. Then again she says, A cleft in your chin

How Did the Period of Renaissance Alter Man’s View of Man...

The Renaissance period was a truly enlightening period in history that birthed many great advancements in all fields of science, and inventions. How did the period of time we know as, â€Å"The Renaissance†, change or alter man’s view of man? Well, we know that in the Middle Ages, the Church had authority over most people, and people had very few rights. In 1400’s, the Middle Ages had ended and then began the Renaissance. The Renaissance was a monumental change in Europe which lasted for 300 years. Humanity as we know it was changed drastically by this rebirth of Europe, and truly enlightening time period. The cause of this was many bright minds using their resources to their maximum potential; beginning new advancements in art, literature,†¦show more content†¦In Document A, Theodore Rabb states that he believes visual arts are the strongest evidence of the break of medieval culture to the time of the Renaissance. He goes on to explain in Document A th at the advancements in visual arts clearly displayed by the two paintings; â€Å"Well-defined landscapes, natural folds in drapery, and three dimensional figures†. Theodore Rabb also states, â€Å"The new artistic styles would echo the broader movements and interests of the new age†, and goes on to further explain that the community would forever be changed after the new implementations. Literature was definitely another form of art for a large amount of people including visual artists. This form of art included many references to god, and most forms of literature related to the individual’s religious beliefs. Literature was an effective way for people to express a higher level of thinking, and clear their minds in a sense. In Document B, the first excerpt from the English play Everyman supposedly carries a message right out of the Middle Ages. This excerpt basically states that humans think sins are full of sweet/fun things in the beginning, but will eventually lead their souls to regret. It continues on to say that God will call everyman and everyman must listen and do what he says. In Document B, Shakespeare writes from the renaissance and praises man for being so amazing, so god-like, and how beautiful we are, certainly a very different perspective, andShow MoreRelatedNative Americans History1879 Words   |  7 Pagesthey brought with them, their way of life. The Anglos were not prepared for encountering a developed culture such as the Native Americans. Nevertheless, the European settlers had opposite views of the Native tribe’s beliefs, traditions and culture. The hardest interpretation Anglo-Americans could not grasps was how the Native Americans’ used their land and their belief that land was not owned. The settlers regarded American Indians as savages, or uncivilized people that were in dire need of their protectionRead MoreGender in Shakespeares Othello, Romeo and Juliet, and Twelfth Night3235 Words   |  13 Page sBecca Griffing 02/08/2012 Shakespeare in Love Analyze the representation of gender in two or more plays and/or films When reading literature from the Renaissance period, it is clear to see male and female characters were thought upon as two completely different types of people. By following what the bible told them about the opposite sexes, writers in this time were able to set specific gender norms for both men and women. However, when reading the works of William Shakespeare, one can senseRead MoreWilliam Shakespeare s The Elizabethan Era3177 Words   |  13 PagesShakespeare, possibly the greatest writer in English language, had different views about the world than most writers. Shakespeare completely disagreed with the Elizabethan society he lived in and with the concept of time. He found his society’s views unproductive and incorrect and he believed that time should not be a part of life, since it causes too much harm. His work showed how he viewed the concept of love and friendship and how someone cannot live his or her life properly without loving someone andRead MoreJames Weldon Jo hnson s The Autobiography Of An Former Colored Man And Nella Larsen s Passing3489 Words   |  14 PagesWeldon Johnson’s The Autobiography of an Ex-Colored Man and Nella Larsen’s Passing The concept of racial passing refers to the occurrence in which an individual is able to transcend racial boundaries. During the Harlem Renaissance, the term â€Å"passing† meant to signify mixed race individuals who were light skinned enough to pass as white and mingle freely within white society, almost completely undetected. This was significant considering the time period – the one-drop rule was still in effect, meaningRead MoreMartin Luther And The Protestant Reformation Essay2089 Words   |  9 Pagesactions would end up transforming the world indefinitely. Successors of the Roman Church would end up finding themselves on a boat destine for the new world. He galvanized the migration of many Europeans, hoping to evade harsh persecution. Not only did Martin set the stage for early reform of religion, he also opened the doors of westward expansion and economic growth. The reformation had completely redirected religion and its viewpoints for eternity. The protestant reformation had empowered severalRead MoreThe Metrics Of English Literature4721 Words   |  19 PagesEnglish literature throughout the periods Old English to the Modern English, ranging from 800 A.D, all the way to the twentieth century. Sylvia argues that the language is based on entertainment and that the enjoyment of the text lies in bringing out the beauty of the language and the craftsmanship of the author. And, as for Joseph Johnson, his insight and deconstruction of text and the English language through linguistics is able to magnify the origins of the text and how its historical context wouldRead MoreEssay on Mateship in Australian Films5134 Words   |  21 PagesMateship in Australian Films Mateship has long been a major aspect of the national image as projected by Australian films, yet the moralities of mateship and the image of men as mates did not go unchallenged. Australian cinema as a significant part of the whole industry of image-makers in the country, the way it portrays mateship, the single most important mythic element in the cultural identity of Australia, is worth analysing. This paper first reviews the historicalRead MoreGlobal Politics Essay6696 Words   |  27 Pagesdeserve further evaluation. The exercise of authority and power are facts as old as time, throughout the ages men have tried to explain and understand how and why political authority is organised. Sovereignty is a concept used to explain political power, to attempt to understand the complex interactions that take place as man strives towards the most effective and efficient form of societal organisation. The purpose of this discussion is to attempt to provide a clearer Read MoreThe Function of Criticism at the Present Time12631 Words   |  51 Pagesof the creative effort of the human spirit over its critical effort. And the other day, having been led by an excellent notice of Wordsworth published in the North British Review, to turn again to his biography, I found, in the words of this great man, whom I, for one, must always listen to with the profoundest respect, a sentence passed on the critics business, which seems to justify every possible disparagement of it. Wordsworth says in one of his letters:−− The writers in these publicationsRead MoreJohn Locke And The Locke Of The United States5485 Words   |  22 Pagesright and it is derived from labor and property precedes government and government cannot dispose of the estates of the subjects arbitrarily From the Second treat - - But though this be a state of liberty, yet it is not a state of licence; though man in that state have an uncontrollable liberty to dispose of his person or possessions, yet he has not liberty to destroy himself, or so much as any creature in his possession, but where some nobler use than its bare preservation calls for it. The

Chaucer Essay - 2650 Words

Chaucers The Canterbury Tales demonstrate many different attitudes toward and perceptions of marriage. Some of these ideas are more liberal thought such as the marriages portrayed in the Wife of Bath, the Clerk’s and Merchant’s Tales. Then there are those tales that are very traditional, such as that discussed in the Franklins and the Squire’s tales. And lastly there is a tales of that of the Friar and the Summoner which aren’t really involved with marriage but are in the middle of the marriage group to show the fighting between two men and to prove the Wife of bath right. While several of these tales are rather comical, they do indeed give us a representation of the attitudes toward marriage at that time in history. Marriage in†¦show more content†¦She depicts women as a commodity to be bought and used in marriage, one whose economic and religious task was to pay the debt in a society although she claims to have control over this process. For exa mple, her first three husbands gave her economic security in exchange for the sexual use of her body. This degradation of sexual life in the culture is greatly evoked, and supported by the Churchs command to pay the debt. The Wife of Bath clearly rebels against male domination with regard to her first three husbands but still accepts the ways in which she survives economically. Overall, marriage for the Wife of Bath is much more than sexual pleasure; it provides her with a vast sense of power in the exercise of her sovereignty. â€Å"That nogh wol be governed by hir wyves† (Chaucer 122). Through obstinacy, the Wife of Bath declares that a wife will achieve sovereignty in marriage, which is good for both wife and husband as a womans sovereignty provides for peace. She also sees women as objects and commodities to be purchased, which is probably why she has such a great lack of respect for marriage. The Friar’s and Summoner’s Tales come right in the middle of the marriage groups tales. These two tales come right after the Wife of bath’s tale to connect them to the marriage group. Both of these tales connectShow MoreRelatedEssay on Geoffrey Chaucer778 Words   |  4 PagesGeoffrey Chaucer Geoffrey Chaucer was a poet, a writer, and of course a diplomat. Geoffrey Chaucer was born in the early hours of 1340s to John Chaucer, a vintner and assistant to the kings butler. As a boy, he was a leaf to the Countess of Ulster. (Lombardi) Chaucer was the most famous for writing his unfinished Canterbury tales. (Geoffrey Chaucer) He was born in London, only problem is, the exact date and place are unknown. From his writings Chaucer emerges as poet of love, both worldly and heavenlyRead More Chaucer Essay961 Words   |  4 PagesBeowulf of the eighth century and Geoffrey Chaucers Canterbury Tales of the fourteenth century. nbsp;nbsp;nbsp;nbsp;nbsp;The time in which Chaucer lived was quot;one of the most disagreeable periods of our national historyquot; (Legouis 80). The Black Death destroyed a third of the population and many people turned to the church for help. Goeffery Chaucer, being quot;the great poetical observer of men, who in every age is born to record and eternizequot; (Blake 51), wrote The Canterbury TalesRead MoreAge of Chaucer1901 Words   |  8 PagesRomaunt of the Rose: It’s a lengthy allegorical poem written in octosyllabic couplets and based upon Le Romaunt de la Rose of Guillaume de Lorris and Jean de Meung. According to critics, not the entire poem, but the first part of it may be written by Chaucer. In this dream poem the narrator enters the Garden of Mirth, where he sees various allegorized figures and falls in love with a rosebud. Part A and B describe the instructions of the god of love to the dreamer. Part C is a fragment and satirizesRead MoreThe Wife Of Bath, By Geoffrey Chaucer1091 Words   |  5 Pagesdominated society. â€Å"Millions are condemned to a stiller doom than mine, and millions are in silent revolt against their lot.† As Charlotte Brontà « and many other authors have found, it is seemingly unfair that these roles are the way they are. Geoffrey Chaucer also explores this reality with his creation of the Wife of Bath’s Tale. Although her thoughts may have been a bit different from Brontà «Ã¢â‚¬â„¢s, the character portrayed in this tale explores the duality of both challenging and upholding the patriarchyRead MoreThe Canterbury Tales, by Geoffrey Chaucer1582 Words   |  7 Pages Geoffrey Chaucer wrote the Canterbury tales a collection of short tales in the 14th century. The compilation of stories are told by different characters within the narrative as part of a game proposed by the host. Each individual must tell two stories on their journey and two stories on their way back. Each story tells some aspects of English life during the time and often added satire like qualities to the English life. In particular Chaucer often tells stories with elements of the relationshipRead MoreChaucer s The Canterbury Tales1064 Words   |  5 PagesGeoffrey Chaucer, The Author of the Canterbury Tales, is known as the Father of English Literature and is one of the greatest English Poets of the Middle Ages. Chaucer was a soldier, a diplomat, a civil servant, and a courtier, enabling him to experience different aspects of each social ranking, which he demonstrated through his poetry. The Canterbury Tales, his most famous work, is a collection of short stories within a frame story, making for an interesting and memorable narrative about 29 pilgrimsRead MoreEssay on Chaucer: Satire And Humor2661 Words   |  11 PagesChaucer: Satire And Humor Until Geoffrey Chaucer wrote the Canterbury Tales, he was primarily know for being the writer of love poems, such as The Parliament of Fowls, narratives of doomed passion, and stories of women wronged by their lovers. These works are nothing short of being breath taking, but they do not posses the raw power that the Canterbury Tales do. This unfinished poem, which is about 17,000 lines, is one of the most brilliant works in all of literature. The poem introducesRead MoreThe Canterbury Tales By Geoffrey Chaucer2127 Words   |  9 PagesIt is unknown when Geoffrey Chaucer wrote The Canterbury Tales, but it is assumed that he wrote it in 1387. There are many different aspects and themes throughout this paper that are very prominent. One theme that is very important is the importance of company. This entire tale is about twenty-nine pilgrims who all tell tales while on a pilgrimage to the shrine of Saint Thomas Becket in Canterbury. The importance of company is that this is a pilgrimage that requires companions and friendship. ThoughRead MoreThe Canterbury Tales By Geoffrey Chaucer2664 Words   |  11 PagesThe Canterbury Tales The Canterbury Tales was written by Geoffrey Chaucer in 1392, during the medieval period in Europe. Three important aspects, his family’s ties to the court, his schooling and working for royalty (XI), and his love for reading and learning (XII) all combined and enabled him to create his greatest work, The Canterbury Tales. Chaucer includes many different characters, pilgrims, all from very unique walks of life. Although there are not as many women included as men, their storiesRead MoreThe Canterbury Tales By Geoffrey Chaucer2648 Words   |  11 PagesThe Canterbury Tales was written by Geoffrey Chaucer in 1392, during the medieval period in Europe. Three important aspects, his family’s ties to the court, his schooling and working for royalty (XI), and his love for reading and learning (XII) all combined and enabled him to create his greatest work, The Canterbury Tales. Chaucer includes many different characters, pilgrims, all from very unique walks of life. Although there are not as many women included as men, their stories give some extraordinary

Essay on Kate Chopins The Story of an Hour - 655 Words

Kate Chopins The Story of an Hour In â€Å"The Story of an Hour† by Kate Chopin, the author depicts how someone can be trapped in an unproductive and unsatisfying reality because of other’s thoughtlessness, exploitation, and domination. When combined with the contemporary society’s belief, presumably the later half of the 19th century, a further understanding of Chopin’s thoughts and feelings can be realized. Mrs. Louise Mallard, the victim and messenger of this story, is the image of such a person. Her relationship with her husband is so oppressive and limiting that even death is considered a reasonable means of escape. The condition of life for Mrs. Mallard is terrible, yet for some reason she doesn’t seem to come to the full†¦show more content†¦She is realizing that she will have freedom through her husband death and whispers over and over, â€Å"free, free, free!† Her unhappiness is not with her husband, it is her rankings in society and becoming a widow is her only chance she has to gain the power, money, respect, and most of all freedom. At the time of this story many women didn’t have any source of revenue, so in order for her to gain the money she wanted to get the freedom she finally deserved; she would have to obtain it in two ways: inherited from her husband or receive it from her family. Mrs. Mallard was on her way to becoming the free woman she needed to be but there was this one thing holding her back, money, and the only the question was how she was going to get it in a respectable way. In the later half on the 19th century women looked at as the wife and mother, keeper of the household, guardian of moral purity of all who lived there. The home was to be a haven of comfort and quiet and sheltered from the harsh realities of the working world. Children were to be cherished and nurtured, and to pulling against these traditions was the sense of urgency. Women’s roles were meant to steady, but women could not help but see opportunities for themselves in this growth. Jobs opened up in factories, ret ail establishments and offices, giving women new options.Show MoreRelatedAn Analysis of Kate Chopins The Story of an Hour1150 Words   |  5 Pagesï » ¿ Kate Chopins The Story of an Hour is a perfect example of literature that glorifies the commonplace event: the story depicts a gigantic event in the life of its protagonist by using a minimalist economy of means. The opening sentence of The Story of an Hour carefully sets up the conclusion of the story. Chopin is working with such limited space here that it resembles more the crafting of a poem than a fictional narrative. We are told that Mrs Mallard was afflicted with heart trouble so greatRead MoreEssay on Kate Chopins The Story of an Hour537 Words   |  3 Pages In Kate Chopins short story quot;The Story of an Hour,quot; there is much hatred. The first hatred detected is in the way that Louise reacts to the news of the death of her husband, Mr. Mallard. Before Louises reaction is revealed, Chopin turns to how the widow feels by describing the world according to her outlook of it after the bad news. Louise is said to quot;not hear the story as many women have heard the same.quot; Rather, she accepts it and goes to her room to be alone. Now the personRead MoreSymbolism In Kate Chopins The Story Of An Hour1013 Words   |  5 PagesWhile most of Kate Chopin’s short stories were well received, â€Å"The Story of an Hour† was originally rejected by publishers until 1894 when Vogue decided to publish the short story. However after her death most of Chopin’s work was forgotten, that was until the 1950s when her work again was recognized as insightful and moving, setting into motion a Kate Chopin revival which was both successful and remarkable (Biography). â€Å"The Story of an Hour† focuses on the liberation and new found freedom of a newlyRead MoreKate Chopins The Story of an Hour Essay560 Words   |  3 Pages In Kate Chopin’s short story, â€Å"The Story of an Hourâ₠¬ , the author shows us the response of a young woman to her husband’s presumed death. Before the news, the widow, Mrs. Mallard, felt trapped in a situation she found to be inescapable. Her marriage made her feel as though her will wasn’t really her own, that she wasn’t really free. However, when the news of her husband’s death reaches her, she finally begins to feel that she has a chance to be free. nbsp;nbsp;nbsp;nbsp;nbsp; During her mingledRead MoreKate Chopins The Story of an Hour Essay803 Words   |  4 PagesIn Kate Chopin’s â€Å"The Story of an Hour† allows one to explore many ironic instances throughout the story, the main one in which a woman unpredictably feels free after her husband’s assumed death. Chopin uses Mrs. Mallard’s bizarre story to illustrate the struggles of reaching personal freedom and trying to be true to yourself to reach self-assertion while being a part of something else, like a marriage. In â€Å"The Story of an Hour† the main character, Mrs. Mallard, celebrates the death of her husbandRead MoreCriticism In Kate Chopins The Story Of An Hour830 Words   |  4 Pagesintroduction to any other writer with this kind of writing style to verify my assertion of Kate Chopin’s work, nonetheless Chopin does a brilliant job of exhibiting her Creole background in her work coherently. Although many may argue that modern feminism has taken a new meaning compared to its’ early beginnings. Chopin exhibited a hint of feminism through characters like Clarisse and Mrs. Mallard. In The Story of An Hour, Chopin crafted Mrs. Mallards Character as woman who seem to yearn for freedom to theRead MoreKate CHopins Story of an Hour Essay1271 Words   |  6 Pages In Kate Chopins Story of an Hour the author portrays patriarchal oppression in the institution of marriage by telling the story of one fateful hour in the life of a married woman. Analyzing the work through feminist criticism, one can see the implications of masculine discourse. Mrs. Mallards medical diagnosis is an example of the male-dominated society in which she lives. They are able to tell her that she indeed has a heart condition, but are unable to treat her effectivelyRead MoreEssay on Kate Chopins The Story of an Hour911 Words   |  4 Pages Women should be powerful, beautiful and intelligence. Nevertheless, women in the eighteenth century were portrayed as servants did not have any say in anything just like the story of an hour by Kate Chopin, where even in a good marriage you could not do the things you wanted to do. What if their husbands died what would come of them? How would they feel? And the irony of gaining freedom but losing everything? In the eighteenth century, Women were portrayed as powerless beneath the men becauseRead More Irony in Kate Chopins The Story of an Hour Essays1295 Words   |  6 PagesIrony in Kate Chopins The Story of an Hour A very dull and boring story can be made into a great story simply by adding in something that is unexpected to happen. When the unexpected is used in literature it is known as irony. An author uses irony to shock the reader by adding a twist to the story. The author of â€Å"The Story of an Hour† is Kate Chopin. Her use of irony in the story is incredibly done more than once. Irony is thinking or believing some event will happen but in return the unexpectedRead MoreThe Story of a Widow in Kate Chopins The Story of an Hour Essay840 Words   |  4 Pagespersistence with which men and women believe they have a right to impose a private will upon a fellow-creature.† Kate Chopin’s â€Å"The Story of an Hour† is the story of a woman’s reaction to the news of her husband’s passing. Mrs. Louise Mallard is a young woman most would conclude to be saddened by the passing of her husband. Yet it is in that very moment we find her true feelings. Kate Chopin was born Katherine O’Flaherty on February 8, 1850 in St. Louis Missouri. She was the only child born to her

Questions and Answers on Psychological Health Free Essays

according to Adler, both psychological health and neurosis starts from feelings of Inferiority with the final goal of superiority. In the development path to psychological health, one strives for perfection or completion In accordance to social Interest. They strive to become better people while cooperating with others. We will write a custom essay sample on Questions and Answers on Psychological Health or any similar topic only for you Order Now In contrast, the path to neurosis Is when one acts In his or her own personal superiority. They see people as enemies or obstacles standing In the way of their goal. This Is the destructive path that leads to neurosis. Adler believes that healthy people strive for perfection/ completion and the only way towards that Is cooperating with others so we all can benefit. 2. What is social interest and how Is It related to psychologically healthy development? Adler defined social interest as â€Å"a striving for a form of community which must be thought of as everlasting, as it could be though of if mankind had reached the goal of perfection. In other words, he believed that all human beings an inborn instinct to live in harmony with others to create a more perfect society. Adler believed that to see this come alive, we must be on a constructive path to psychological health. As previously stated, psychological health involves cooperation with society by helping each other grow into more â€Å"perfect† or â€Å"complete† individuals. 3. What are the four major lifes tyles or personality types, and what are the differences between them? The four major lifestyles/personality types are ruling/ dominant, getting/leaning, avoidance, and socially useful. The ruling/dominant type was probably neglected during their early stages of life and as an adult shows intense defense mechanisms to protect their self-image. The getting/leaning type was typically spoiled by their mother and as an adult show high level of aggression. The avoidance type was typically looked down by their mother and showed no support for their goals. These types of people grow up to be socially distant with an Inferiority complex. The socially useful personality will have a high social interest In living in harmony with others. This is the only non-faulty personality type. 4. Based on research, what are some arguments showing that a person’s order of birth does have an impact on his/her development? Recent research show that first born are more likely to be national merit scholarship winners, college graduates, graduate students, university faculty, scientists, and US Senators, US Representatives, and state governors. In addition, they are more likely to have type A personalities. Only children are similar to first born except for that they are more sociable and cooperative. The youngest children are more likely to be pampered by their parent’s, which leads to a quick gratification pattern. Questions and Answers on Psychological Health By Ernestine 2345 1 . What is a developmental path to psychological health? To neurosis? Inferiority with the final goal of superiority. In the development path to psychological health, one strives for perfection or completion in accordance to social interest. They neurosis is when one acts in his or her own personal superiority. They see people as enemies or obstacles standing in the way of their goal. This is the destructive path completion and the only way towards that is cooperating with others so we all can benefit. 2. What is social interest and how is it related to psychologically healthy differences between them? The four major lifestyles/personality types are ruling/ for their goals. These types of people grow up to be socially distant with an inferiority complex. The socially useful personality will have a high social interest in living in and state governors. In addition, they are more likely to have type A personalities. How to cite Questions and Answers on Psychological Health, Papers

Camel Rating Of Brac Bank free essay sample

Camels rating system is a common phenomenon for all banking system all over the world. It is used in all over the country in the world. It is mainly used to measure a ranking position of a bank on the basis of few criteria. Camels rating system is an international bank-rating system where bank supervisory authorities rate institutions according to six factors. The six factors are represented by the acronym CAMELS. The six factors examined are as follows: C Capital adequacy A Asset quality M Management quality E Earnings L Liquidity S Sensitivity to Market Risk Bank supervisory authorities assign a score on a scale of one (best) to five (worst) for each factor to each bank. If a bank has an average score less than two it is considered to be a highquality institution, while banks with scores greater than three are considered to be less-thansatisfactory establishments. The system helps the supervisory authority identify banks that are in need of attention. Origin of Camels Rating System: There were many banks rating system available in the world. However, Camels rating system is the most successful bank rating system in the world. The ‘Uniform Financial Institutions Rating System (UFIRS)’ was created in 1979 by the bank regulatory agencies. Under the original UFIRS a bank was assigned ratings based on performance in five areas: the adequacy of Capital, the quality of Assets, the capability of Management, the quality and level of Earnings and the adequacy of Liquidity. Bank supervisors assigned a 1 through 5 rating for each of these components and a composite rating for the bank. This 1 through 5 composite rating was known primarily by the short form CAMEL. A bank received the CAMEL rate 1 or 2 for their sound or good performance in every respect of criteria. The bank which exhibited unsafe and unsound practices or conditions, critically deficient performance received the CAMEL rate 5 and that bank was of the greatest supervisory concern. While the CAMEL rating normally bore close relation to the five component ratings, it was not the result of averaging those five grades. Supervisors consider each institution’s specific 3 situation when weighing component ratings and review all relevant factors when assigning ratings to a certain extent. The process and component and composite system exist similar for all banking companies. In 1996, the UFIRS was revised and CAMEL became CAMELS with the addition of a component grade for the Sensitivity of the bank to market risk. Sensitivity is the degree to which changes in market prices such as interest rates adversely affect a financial institution. The communication policy for bank ratings was also changed at end of 1996. Starting in 1997, the supervisors were to report the component rating to the bank. Prior to that, supervisors only reported the numeric composite rating to the bank. Six Factors of Camels Ratings System: Capital Adequacy Capital adequacy focuses on the total position of bank capital. It assures the depositors that they are protected from the potential shocks of losses that a bank incurs. Financial managers maintain company’s adequate level of capitalization by following it. It is the key parameter of maintaining adequate levels of capitalization. Asset quality determines the robustness of financial institutions against loss of value in the assets. All commercial banks show the concentration of loans and advances in total assets. The high concentration of loans and advances indicates vulnerability of assets to credit risk, especially since the portion of non-performing assets is significant. Management quality of any financial institution is evaluated in terms of Capital Adequacy, Asset Quality, Management, Earnings, Liquidity and Sensitivity to market risk. Moreover, it is also depended on compliance with set norm, planning ability; react to changing situation, technical competence, leadership and administrative quality. A Sound management is the most important pre-requisite for the strength and growth of any financial institution. Earning and profitability is the prime sources of increasing capital of any financial institution. Strong earnings and profitability profile of a bank reflect its ability to support present and future operations. Increased earning ensure adequate capital and adequate capital can absorb all loses and give shareholder adequate dividends. An adequate liquidity position refers to a situation, where an institution can obtain sufficient funds, either by increasing liabilities or by converting its assets quickly at a reasonable cost. 4 It access in terms of asset and liability management. Liquidity indicators measured as percentage of demand and time liabilities (excluding interbank items) of the banks. It means that the percentage of demand and time liabilities gets a bank as per its liquid assets. The sensitivity to market risk is evaluated from changes in market prices, notably interest rates; exchange rates, commodity prices, and equity prices adversely affect a bank’s earnings and capital. Process of Camels Reporting: The reporting process of CAMELS rating is given below: Figure : Reporting Process of CAMELS rating Process: 1. Data collection of reschedule status of overdue loans from CRM, Retail, SME and Ops. 2. Data collection of lending rates and deposit rates from Treasury. Data collection of average borrowed amount and rate of interest expenses from Treasury. 4. Data collection of maturity wise investments from Treasury. 5. Collect information of training programs arranged by the Bank’s training institute from Human Resources Division. 6. Collection of other required reports and statements from other divisions. 7. Preparation of CAMELS report as per guideline of BB Core Risk Management Guidelines. 8. Meeting arranged with MANCOM. 5 Camels Rating System of Bangladesh: All over the world, CAMELS rating is a common figure to all banking industry. Like all other countries, it is also used in Bangladesh. In Bangladesh, the five components of CAMEL have been used for evaluating the five crucial dimensions of a bank’s operations that reflect in a complete institution’s financial condition, compliance with banking regulations and statutes and overall operating soundness since the early nineties. In 2006, Bangladesh Bank has upgraded the CAMEL into CAMELS. ‘Sensitivity to market risk’ or ‘S’ is the new rating component which is included in CAMEL and make it into CAMELS. The new rating component makes the system more effective and efficient. The new system needs bank’s regular condition and performance according to predetermined stress testing on asset and liability and foreign exchange exposures, procedures, rules and criteria and on the basis of the results obtained through risk-based audits under core risk management guidelines. A bank’s single CAMELS rating has come from off-site monitoring, which uses monthly financial statement information, and an on-site examination, from which bank supervisors gather further â€Å"private information† not reflected in the financial reports. The development of credit points examination result is ranging from 0 to 100. The six key performance dimensions – capital adequacy, asset quality, management, earnings, liquidity and sensitivity to market risk – are to be evaluated on a scale of 1 to 5 in ascending order. Following is a description of the graduations of rating: Rating 1 indicates strong performance: BEST rating. Rating 2 reflects satisfactory performance. Rating 3 represents performance that is flawed to some degree. Rating 4 refers to marginal performance and is significantly below average and Rating 5 is considered unsatisfactory: WORST rating. Table : Composite CAMELS and their Interpretation Rating Composite range Description Rating Analysis interpretation 1 1 to 1. 4 Strong Sound in every respect, no supervisory responses required. 2 1. 5 to 2. 4 Satisfactory Fundamentally sound with modest correctable weakness, supervisory response limited. Combination of weaknesses if not redirected will become severe. 3 2. 5 to 3. 4 Fair Watch category. Requires more than normal supervision. Immoderate weakness unless properly addressed could impair future 4 3. 5 to 4. 4 Marginal viability of the bank. Needs close supervision. High risk of failure in the near term. Under constant supervision/cease 5 4. 5 to 5 Unsatisfactory and desist order. Capital adequacy: Capital adequacy focuses on the total position of bank capital. It focuses on the risk weighted assets which proposed to protect from the potential shocks of losses that a bank might incur. It is assessed according to: the volume of risk assets, the volume of marginal and inferior assets, bank growth experience, plans, and prospects; and the strength of management in relation to all the above factors. The major financial risk like credit risk, interest rate risk and risk involved in off-balance sheet operations are absorbed by it. The CAMELS components are also required for Basel Committee of Bangladesh Bank. As regards the capital adequacy, they grouped the factors like a) size of the bank, b) volume of inferior quality assets, c) bank’s growth experience, plans and prospects, d) quality of capital, e) retained earnings, f) access to capital markets, and g) non-ledger assets and sound values not shown on books (real property at nominal values, charge-offs with firm recovery values, tax adjustments). Capital to Risk-Weighted Assets ratio (CRWA) is the most widely used indicator for capital adequacy ratio. According to Bangladesh Bank, a bank has to maintain a minimum capital adequacy ratio (CAR) of not less than 10 percent of their risk weighted assets (RWA, with at least 5 percent in core capital) or Taka 2 billion, whichever is higher. Basel II Basel II is a capital adequacy management framework for banks. Basel II is the second of the Basel Accords, which are recommendations on banking laws and regulations issued by the Basel Committee on Banking Supervision; adopted by Bangladesh Bank. The main objectives of Basel II are as follows: Promote safety and soundness in the financial systems Constitute a more comprehensive and more sensitive approach to addressing risks Better alignment of regulatory capital to underlying risk Encourages banks to improve risk management These guidelines are structured on following three aspects: a) Minimum capital requirements to be maintained by a bank against credit, market, and operational risks. b) Process for assessing the overall capital adequacy aligned with risk profile of a bank as well as capital growth plan. c) Framework of public disclosure on the position of a banks risk profiles, capital adequacy, and risk management system.

Olympic Park in Stratford

Question: Discuss about the Olympic Park in Stratford. Answer: Introduction: A particular message that broadcasted around the Olympic Park in Stratford during the starting of the event that it is going to be the glorious event ever happened in London. The value of public investment in influential sport event is the most prominent factors that have been showcased during the event. The grassroots of UK sport transformation and the overall economic benefits has been took place. The festival of sport spirit has been rejuvenated through this event and most importantly, the Olympic Games boosted the tourism within the territory of United Kingdom (NYC Finance Jobs, Finance Consulting, New York Recruiters - Wall Street Services, 2016). Therefore, Olympic developed reliable economic platform that increases the chances of future business infrastructure. Financial investment in this event provide immense impact to the overall success and failure rates and in this case, the financial budget management was not done as per the requirement and due to the fact government cooperation was not observed effectively that can execute the program successfully. There are some issues related to Singapore Moment results in some modifications of sports strategy. On the other hand, it can be regarded as the economic failure as most of the hotels and restaurants were empty during the event (Stock Markets, 2016). The government body and the ministry of Britain were solely responsible for the management of the event and as far as the success is concerned the strategies and rules were not quite effectively implemented that can results in better successful event. The major stakeholders are the government authorities, the participated players, the managing authorities and the individuals who came to see the event at London (the Guardian, 2016). The major risk associated with safety and security of citizen that is innovatively maintained by the government. References NYC Finance Jobs, Finance Consulting, New York Recruiters - Wall Street Services. (2016).Home. [online] Available at: https://www.wallstreetservices.com/ [Accessed 24 Jul. 2016]. Stock Markets, E. (2016).CNBC US Home. [online] CNBC. Available at: https://www.cnbc.com/ [Accessed 24 Jul. 2016]. the Guardian. (2016).News, sport and opinion from the Guardian's US edition | The Guardian. [online] Available at: https://www.theguardian.com [Accessed 24 Jul. 2016].