Observing Global Warming & the Harm of It Essay Example | Topics and Well Written Essays - 250 words

Observing Global Warming & the Harm of It - Essay Example Like many are already aware of, carbon dioxide plays a major role in its own right as it comes to the warming of the Earth and the resulting weakness of the global inhabitants that comes as a result of that warming. Another culprit is the continued robbing of the forests through the means of deforestation. Those trees are meant to act in a way that turns the CO2 into breathable oxygen for human consumption. Most importantly, the industrial nature of the modern world has served as a means of killing the natural world that is forced to co-exist with it. The technological desires of mankind have forced the Earth into a tailspin that, if not caught, will continue to force it into a continued destructive phase that will ultimately tear it apart at the core. With the increase in human population and other expansion, it has increased the need for a building that has taken small cities and built them into metropolises of great grander. These Cities feed the advancement of man, without any kind of thought to the environmental damage which is inflicted upon the Earth. As many knows, greed itself sells. Humanistic nature overwhelms, as well as strangles, in most cases, the needs of those things around them, especially in the precious environment that is drowning as each day goes by. The desire of people for their own self-serving interests takes hold and crushes anything in its surrounding path that may interrupt that. As the analysis shows within the presentation, human nature is at the root of the current state of the environment. Humans need shelter to survive and as such trees need to be cut down for the construction of those dwellings. Only those trees are what create the breathing oxygen. Charcoal aids in cooking food, and so much  mo re.  

Explain the structure and objectives of the UK and US regulatory Essay

Explain the structure and objectives of the UK and US regulatory systems and assess whether they are capable of regulating the f - Essay Example It will then discuss the Dodd-Frank Act passed by the United States Congress and conclude with an estimation of the efforts of both countries. UK Financial Regulatory Measures In the UK several reports were made that reviewed the global recession crisis with the purpose of offering corrective suggestions that would bear on the regulation the financial service industry. The important ones were the Turner Review, The Treasury White Paper on Reforming Financial Market, and the Walker Report that dealt with corporate governance. The first important report was produced by Lord Adair Turner. In May, 2008 Turner was appointed Chairman of the Financial Services Authority. By the Bank of England Act 1998, the Tripartite Authorities was created consisting of the Her Majesty's (HM) Treasury, the Bank of England, and the newly created Financial Services Authority (FSA). The FSA took over bank supervision services from the Bank of England. Turner is an insider of the both the UK and the US financ ial markets. In the United States he worked for Chase Manhattan Bank from 1979-92 and for Merrill Lynch Europe where he serviced as Vice-Chairman during the period of the recession, 2000-2006. In 1994, Turner became a director of the influential American consulting firm McKinsey & C. Turner presented a formal talk to the Bank of India in February, 2010. The event was the 14th C.D. Deshmukh Memorial Lecture. He made several observations that foretold ways in which the U.K. would be concerned with meeting the economic crisis. Financial transaction taxes could be used to control Short-term speculative inflows. Capital requirments against trading activities and leverage constraints on bank and non-bank trades were practical tools Macro-prudential tools could be used to warn off asset price bubbles and not interest rate levers. Turner's remarks were essentially in accord with the May, 2009 Turner Review. The review went against the efficient market theory that was often used to support a stance of self-correcting markets. It stated, "Market efficiency does not imply market rationality", making a note of "self-reinforcing herd effects and of prices overshooting rational equilibrium levels" (Turner, p. 40). Suggestions made by the report included raising the amount of capital in the global banking system; requiring capital against book trading activities; enforcing the role of regulators to avoid and check unnecessary procyclicality; introducing a maximum gross leverage ratio; intense supervision of bank liquidity positions and use of a core funding ratio to be reflected on balance sheets. Regulation should be based on economic substance as opposed to legal form and unregulated financial institutions should fall under the authorities of regulates. Regulation standards under global agreements should apply to offshore financial centers. Retail depositors should be generously covered by deposit insurance. Credit rating agencies were addressed to avoid conflicts of inter est under dictates of good governance and structured finance ratings should stand review within the Basell II framework. Credit Default Swaps should fall under "clearing and central counterparty systems". Macro-prudential analysis should be used by the Bank of England and the FSA and