Saturday, January 25, 2020

Comparing Father and Child Relationships in Death of a Salesman and A V

Father and Child Relationships in Death of a Salesman and A View from the Bridge       In literature as in life, we go through events which are the effects of the relationships between parent and child.   In both plays Death of a Salesman and A View from the Bridge, Arthur Miller depicts the possessiveness of human nature through the eyes of Willy Loman and Eddie Carbone.   Willy and his son Biff exhibit an undoubtable strain in their relationship.   Willy gives all his dreams to Biff in hope that he will carry on or create success for himself.   Eddie wants the best for his niece, Catherine, but is unaware of his over protectiveness which in actuality is an element much more repelling.   The relationships between father and child characters place tension upon everyone and ultimately is a factor in the protagonists common tragedy. In Death of a Salesman, although Biff and Happy are both sons of Willy Loman, there is a strong emphasis on Biff only.   Willy places all his hopes on Biff and even overestimates him.   "Because you got greatness in you, Biff, remember that.   You got all kinds of greatness...like a young god.   Hercules...God Almighty, he'll be great yet.   A star like that, magnificent, can never really fade away!"(Miller, DOS 68)   Willy views Biff as a mirror image of himself when he was young, successful and "well-liked."   He wants Biff to be what he was and what he never became.   Willy has overwhelming pride in Biff and expectations that cannot be fulfilled.  Ã‚   These feelings exhibited by Willy is purely due to human nature.   It is the desire of all father to have a son who emulates their successful aspects and to carry these traits into the preceding generations.  Ã‚   However, Biff knows that h... ...Bridge"   Arthur Miller.   London and Basingstoke: The Macmillan Press Ltd. 1982   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Hayman, Ronald.   "Interview with Arthur Miller", "Death of a Salesman", "A View from the Bridge" Arthur Miller.   New York: Frederick Ungar Publishing Co.   1972 Lenne, Bruno.   ed.   Readings on Arthur Miller.   San Diego: Greenhaven   Press, Inc.   1997 Moss, Leonard.   Arthur Miller.   Boston: G.K. Hall &Co.   1980 Miller, Arthur.   A View From the Bridge.   New York: Viking Penguin Inc. 1977  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Miller, Arthur.   Death of A Salesman.   New York: Viking Pengui Inc. 1976  Ã‚  Ã‚  Ã‚  Ã‚   Nourse, Joan T.   "Commentary on Death of a Salesman" Death of a Salesman and All My Sons.   New York: Monarch Press   1965 Welland, Dennis.   "Death of a Salesman", "A View from the Bridge" Miller The Playwright.   Second ed.   London: Methuen London Ltd.   1983

Thursday, January 16, 2020

Rbs – Abn Amro Acquisition

Background: ABN AMRO had come to a crossroads in the beginning of 2005. The bank had still not come close to its own target of having a return on equity that would put it among the top 5 of its peer group, a target that the CEO, Rijkman Groenink had set upon his appointment in 2000. From 2000 until 2005, ABN AMRO's stock price stagnated. Financial results in 2006 added to concerns about the bank's future. Operating expenses increased at a greater rate than operating revenue, and the efficiency ratio deteriorated further to 69. 9%. Non-performing loans increased considerably year on year by 192%.Net profits were only boosted by sustained asset sales. There had been some calls, over the prior couple of years, for ABN AMRO to break up, to merge, or to be acquired. On February 21, 2007, the call came from the The Children's Investment Fund Management hedge fund which asked the Chairman of the Supervisory Board to actively investigate a merger, acquisition or breakup of ABN AMRO, stating that the current stock price didn't reflect the true value of the underlying assets. TCI asked the chairman to put their request on the agenda of the annual shareholders' meeting of April 2007.Events accelerated when on March 20 the British bank Barclays and ABN AMRO both confirmed they were in exclusive talks about a possible merger. A consortium of banks, including RBS, Belgium's Fortis, and Spain's Banco Santander also proposed an acquisition and finally won the deal. The RBS-ABN Amro deal is also unusual in that it led to the fall of not just one buyer but two: the Belgian-Dutch bank Fortis was nationalised by the Dutch government last year to avert a liquidity crisis. On 22 April 2008 RBS announced the largest rights issue in British corporate history, which aimed to raise ? 2billion in new capital to offset a writedown of ? 5. 9billion resulting from the bad investments and to shore up its reserves following the purchase of ABN AMRO. On 13 October 2008, British Prime Minister Gordon Brown announced a UK government bailout of the financial system. The Treasury would infuse ? 37 billion ($64 billion, â‚ ¬47 billion) of new capital into Royal Bank of Scotland Group Plc, Lloyds TSB and HBOS Plc, to avert financial sector collapse. This resulted in a total government ownership in RBS of 58%. As a consequence of this rescue the chief executive of the group Fred Goodwin offered his resignation, which was duly accepted.In January 2009 it was announced that RBS had made a loss of ? 28bn of which ? 20bn was due to ABN AMRO. At the same time the government converted their preference shares to ordinary shares resulting in a 70% ownership of RBS. The 452-page report by the FSA into what went wrong at RBS found that the bank conducted inadequate due diligence into ABN, on the basis of just two lever arch files and a CD. â€Å"The board was fully aware that it could undertake only extremely limited due diligence in respect of the ABN Amro acquisition.However, it ap pears to have treated the fact that such constraints on due diligence are normal in any contested bid as, at least to some degree, entitling it to disregard this impediment. † Once they started to look around ABN’s trading books after the acquisition, they realised that a lot of their businesses, particularly what you would call model businesses where valuations were based on assumptions, were based on forecasts that were super aggressive,† said one senior former RBS trader. The woes at RBS were in stark contrast to its consortium partner Santander, which had acquired businesses that proved relatively simple to separate.Quite how well Santander had done out of the deal, became only too apparent on November 8 when it announced it was selling Antonveneta to Banca Monte dei Paschi di Siena for â‚ ¬9bn, â‚ ¬2bn more than the price it had bought it for less than a month earlier. On 9 February 2010, the businesses of ABN AMRO acquired by the Dutch state were legal ly demerged from the RBS acquired businesses. This created two separate banks within ABN AMRO Holdings, The Royal Bank of Scotland and the new entity named ABN AMRO Bank, each licensed separately by the Dutch Central Bank Transaction:RBS (UK:RBS), Santander (US:STD), and Fortis offered 30. 40 euros in cash and 0. 844 RBS share for each ABN Amro share, valuing the Dutch bank at 38. 40 euros a share. The deal was valued at â‚ ¬67 billion. Barclays offer for ABN AMRO was â‚ ¬67. 5bn, â€Å"Our philosophy is to offer as much cash as possible,† said Fred Goodwin, chief executive of RBS, at a press conference. He said the banks were able to offer more cash after performing limited due diligence on ABN Amro. Throwing in more cash heightened the pressure on ABN to back the consortium's offer.Shareholders accepted a 71bn euro ($98. 5bn; ? 49bn) offer to clinch Europe's biggest ever banking takeover and Barcalays withdrew its bidding. Breaking down the costs Under the plan, RBS w ould pay 27. 2 billion euros to get ABN's North American, Asian, Latin American (except Brazil), investment and corporate banking arms. Fortis would pay 24 billion euros to get ABN's Dutch, private-client and asset-management businesses, and Santander would fork over 19. 9 billion euros for ABN's Brazilian and Italian presence.The three banks would share other assets, such as ABN's head office and its private-equity portfolio. They'd sell the stake in Capitalia , the Italian bank that's recently agreed to be bought by UniCredit . The break-up of ABN will involve 4,500 branches across 53 countries and unravelling businesses ranging from cash management operations in Asia to retail banking in Brazil. RBS is expected to take its wholesale and investment banking business and its Asian operations while Santander will get ABN's Italian and Brazilian units, and Fortis its Dutch business and wealth and asset management operations.Royal Bank of Scotland acquired the business most affected by the market turbulence of the sub-prime crisis. Objective: The banks saw a 4. 23 billion euros in cost savings by the end of 2010, and said their profit will be boosted by an additional 1. 22 billion euros of revenue. They said the deal is expected to increase Fortis's earnings per share by 4% by the end of 2010, lift RBS' EPS by 7% and improve Santander's EPS bsy 5%.

Wednesday, January 8, 2020

Negative Impact Of Gender Essay - 964 Words

But according to some recent research, its influence may be fading. In one new study, a majority of millennials surveyed argued that gender shouldn’t define us the way it has historically, and individuals shouldn’t feel pressure to conform to traditional gender roles or behaviors. Enforcing norms can even have health risks, according to another study. Some women’s colleges are now reportedly rethinking their admissions policies to account for gender non-conforming students. And even President Obama is getting in on the norm-questioning trend: While sorting holiday gifts for kids at a Toys for Tots in December, the president decided to place sporting equipment in the box for girls. â€Å"I’m just trying to break down these gender stereotypes,†Ã¢â‚¬ ¦show more content†¦But the fact is that â€Å"it doesn’t stand on its own, and is always relative to something.† Bornstein argues that the trick to stripping these norms of their harmfu l power is to mock and expose them for both their flimsiness and stringency. Which is what photographer Sophia Wallace attempts with her work. Girls Will Be Bois, for example, is a documentary of female masculinity, featuring women who have traditionally â€Å"un-feminine† occupations – bus driver, boxer, basketball player – and a sartorial masculinity (baggy pants, and bare-chested). In Modern Dandy, Wallace switches up the way women and men are directed to look at the camera (or not) in photographs – whether to appear submissive (traditionally feminine) or dominant (traditionally masculine). Cliteracy, Wallace’s most recent work, uses imagery of the clitoris and text about female sexuality to illuminate a paradox: we’re obsessed with sexualizing female bodies, and yet the world is â€Å"illiterate when it comes to female sexuality.† But it’s not as bad as it once was. Wallace thinks that photography is evolving – that some gender-focused imagery is less tinged with ignorance today. â€Å"There’s so much that I’ve seen that has been hopeful,† she said. â€Å"There are actually images of female masculinity, trans-men and trans-women now that didn’t exist when I was in my teens and early 20s. In other ways we have so far to go.† Part ofShow MoreRelatedGender Equality Essay1069 Words   |  5 Pagesbecame a set of gender boundaries. 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