Summary Of The Scarlet Letter - 1485 Words

The Scarlet Letter Reading Journal Chapters 2-3 Hester Prynne is first introduced by an angry crowd of people calling for her death. It seems as Hester has done something terribly wrong, something unforgivable. It gave me mixed thoughts, because I had no idea what she had done that made these people so furious, she could be innocent for all I, or any of the characters, know. Hester’s babe was compared/contrasted to the Scarlet Letter on herself, showing that her babe, not the Letter, was the true consequence to her sinful actions, although the Letter was the more shameful/public symbol. The crowd find anger in how she apparently shows of the Scarlet Letter as if it’s something she is proud of, and not something she is ashamed of, as it was designed to be. Chapters 4-5 When Hester and her husband reunite, he tries to get Hester to reveal the name of the man she sinned with. She will not reveal his name, so Chillingworth tries to confuse and trick her into revealing his name. This does not work, however, and the name of her fellow sinner is left unknown to Chillingworth. Chillingworth also mentions that he is foolish to believe that he could retain such a beautiful wife while he was gone. He also says he wasn’t the right husband for her, and that he should of returned sooner. Chapters 6-7 The name of Hester’s daughter, Pearl, is a symbol that she gave everything she had for her baby, her only treasure, or pearl. Pearl is a troublemaker, inheriting all the defianceShow MoreRelatedSummary Of The Scarlet Letter 1633 Words   |  7 PagesMahanoor Khan AP English, Block 5 Mrs. Schuet 26 September 2014 1. Title and Author: The Scarlet Letter by Nathaniel Hawthorn 2. Summary: A women named Hester, one of the protagonists in the novel, has committed adultery, and has a child. The townspeople believe that her punishment should be to wear the letter A on her clothing so she and the town can remember her sin. Her daughter name is Pearl. Hester will not reveal with whom she had the affair with. The reverend named Dimmesdale is the fatherRead MoreSummary Of The Scarlet Letter 1337 Words   |  6 PagesHokstad ENG 3UC 17 May 2016 Nature of Good and Evil in The Scarlet Letter There is a nature of good and evil in every person. Whether a person tries to push away the evil and be as good as they can be or let the evil consume their well- being. The nature of good and evil can be seen on a day to day basis in the way people act towards others, the crimes they have committed or the lies they do or do not tell. In the book, The Scarlet Letter, by Nathaniel Hawthorne, there is a recurring theme of theRead MoreSummary Of The Scarlet Letter 1436 Words   |  6 PagesThe Scarlet Letter Journal 1 I empathize most with Reverend Dimmesdale. He had to live with the secret of his sin for many years. He also was a reverend and had to preach about sins every Sunday and so was reminded constantly of what he did. In fact he felt so guilty about receiving no punishment while Hester was cursed with the letter that he â€Å"inflicted a hideous torture on himself† by carving the letter A into his own chest (Hawthorne 176). He has also had to endure much from Roger ChillingsworthRead MoreSummary Of The Scarlet Letter 935 Words   |  4 PagesThe Scarlet Letter is about a woman, Hester Prynne, who has had an affair with a man who she would not name. During the affair Hester became pregnant, so the affair became known to the town. She had the child but would still not reveal who the father was she was then forced to wear a red A representing adulterer on her chest for the rest of her life. The movie Easy A is about Olive Pendergast is an average high school student who is not one of the super-popular girls, but not a loser eitherRead MoreSummary Of The Scarlet Letter 1329 Words   |  6 PagesMelanie Showers Mrs. Voshell Honors English 10 8 January 2016 Morality in The Scarlet Letter In The Scarlet Letter, Hawthorne describes many defining instances of different characters’ morality. Some of the characters’ opinions are very different, but the people of the town have a general morality that leads Hester Prynne and Arthur Dimmesdale to deal with their sins differently in public, than in private. First, Hester’s morality, is not very defined at the beginning. She seems as though sheRead MoreSummary Of The Scarlet Letter 1266 Words   |  6 Pages The Power of Guilt At some point in life, everyone makes an unintelligent decision. Oftentimes, these decisions leave people feeling guilty and with nobody to blame but themselves. In the Puritan society presented in The Scarlet Letter, sin is not taken lightly. Sinners are publicly presented on the town scaffold and have to endure embarrassing gossip. Dimmesdale, a church minister, commits adultery with Hester Prynne, and she has a child. Dimmesdale does not confess his sin for several yearsRead MoreSummary Of The Scarlet Letter 1136 Words   |  5 PagesNicholas Halford Greene American Lit 7th 18 Mar 2015 Final Draft The Puritan society, seen in The Scarlet Letter, traps many women in the confines of patriarchal gender role with its rituals and beliefs. These common beliefs caused many of the women in the community to feel oppressed and silenced. Amongst these silenced women, only a few chose to stand against these unfair and unjust beliefs. This minute group includes Hester Prynne, the adulteress whose scandalous life is at the center of theRead MoreSummary Of The Scarlet Letter 2535 Words   |  11 Pageswritten down to tell those later what is right and wrong; evil and good in the world. Sin is very relevant in The Scarlet Letter, it is shown throughout the novel.The novel started and ended with a sin. Hester Prynne and Arthur Dimmesdale, the main characters in The Scarlet Letter, is the cause of this debacle. Hester and Arthur’s inability to control their emotions gave Hester the scarlet letter, and only Hester can redeem herself out of it. Arthur Dimmesdale, Hester’s lover a nd also one of the churchRead MoreA Summary of The Scarlet Letter771 Words   |  3 PagesChillingworth sent her to Boston to wait for his arrival, but she ended up by having a child with Authur Dimmesdale, who was a minister of the town. So she was sent to the prison as she had committed adultery. One day, she was emerged from the prison with the letter â€Å"A† on her breast, which is a sign of punishment for her adultery commitment. She and her three-month old daughter, Pearl were led to the scaffold of pillory. At there, she was asked to tell who Pearl’s father is, but she refused to tell. AlthoughRead MoreSummary Of The Scarlet Letter- 1641 Words   |  7 PagesStephanie Nicolino Mrs. Sarich English 11H 10 October 2014 The Scarlet Letter- Chapters 9-12 (Passage Analyzer) Chapters 9 and 10 investigate the relationship in the middle of Chillingworth and Dimmesdale. On one level, Chillingworth speaks to science and Dimmesdale speaks to deep sense of being. Like Chillingworth s disfigured shoulders, Dimmesdale s disease is an outward sign of an internal condition, and not medication or religion suffices to cure it. What hampers his recuperation is his

Southern Masculinity in Faulkner’s The Unvanquished Essay...

Southern Masculinity in Faulkner’s The Unvanquished The narrator of Faulkner’s The Unvanquished is apparently an adult recounting his childhood. The first person narrator is a child at the story’s outset, but the narrative voice is lucid, adult. Telling the story of his childhood allows the narrator to distinguish for the reader what he believed as a child from what he â€Å"know[s] better now† (10). The difference affords an examination of dominant southern masculinity as it is internalized by Bayard and Ringo, and demonstrates the effects on the boys of the impossible ideal. The initial indication that narrator Bayard may be an adult recounting his childhood comes with the past tense in the story’s opening line: â€Å"Behind the smokehouse†¦show more content†¦(87) As children, neither Bayard nor Ringo would possess the capacity for critical thinking necessary to employ the linguistic precision demonstrated above.Children think more abstractly, in grander and simpler terms. For example, they may take role models unreflectively; Bayard and Ringo play-act as General Van Dorn and General Pemberton, but they obviously do not understand why these men are their heroes. Based on what they have been told, and wholly independent of reality, the boys have constructed a General Pemberton that represents good and a General Grant that represents evil. By rule, Bayard plays the good guy twice for every single time Ringo gets to. The unfairness of this rule is apparently as lost on the boys as the idea that in the context of this game, Grant would make a more suitable good guy for Ringo. The disparities in their relationship are apparently unnoticed by both Bayard and Ringo. They think that they are equals. They â€Å"had been born in the same month and had both fed at the same breast and had slept together and eaten together† until they felt like brothers. They are not brothers, though. When Sartoris comes home in spring, both boys run to meet the man they look up to as a father, and they enter, Bayard â€Å"standing in one stirrup with Father’s arm around me, and Ringo holding to the other stirrup and running beside the horse† (8). Later we find that the boys do sleep together, Bayard on a bed, andShow MoreRelated Southern Masculinities in Faulkner’s The Unvanquished and Barn Burning1486 Words   |  6 PagesSouthern Masculinities in Faulkner’s The Unvanquished and Barn Burning The youthful protagonists of The Unvanquished and Barn Burning, Bayard Sartoris and Sarty Snopes respectively, offer through their experiences and, most importantly, the way their stories are told, telling insights about the constructions of southern masculinities with respect to class. The relative innocence that each of the boys has in common, though ultimately loses, provides a record of sorts to the formation of theRead More Narrative Techniques in Faulkner’s The Unvanquished and Barn Burning779 Words   |  4 PagesNarrative Techniques in Faulkner’s The Unvanquished and Barn Burning The Unvanquished is composed of a series of stories during which Bayard Sartoris, the narrator, grows up from a twelve-year-old boy to a young man of twenty-four years. The narrative style makes it obvious that events are being related by an adult who is looking back at his past. There are several indications of this: in the very first story â€Å"Ambuscade†, the narrator, while describing his war games with his coloured friend, RingoRead MoreEssay on The Maturation of Bayard in Faulkner’s The Unvanquished636 Words   |  3 PagesThe Maturation of Bayard in Faulkner’s The Unvanquished William Faulkner tells his novel The Unvanquished through the eyes and ears of Bayard, the son of Confederate Colonel John Sartoris. The author’s use of a young boy during such a turbulent time in American history allows him to relate events from a unique perspective. Bayard holds dual functions within the novel, as both a character and a narrator. The character of Bayard matures into a young adult within the work, while narrator Bayard relays

Swot Analysis The Swot - 2217 Words

SWOT Analysis Adam Cash American Intercontinental University Abstract The SWOT analysis tool is utilized to adequately evaluate and make the necessary improvements towards the overall operations of the organization with the hopes of creating distinguishable traits as opposed to other organizations within the market. This is often times referred to as an internal- external analysis that assesses strengths, weaknesses, opportunities and threats of the organization. The SWOT framework can assist an organization by distinguishing it from competitors and improved market success and assist with creating an organizational strategic plan. Healthcare is an area where the SWOT framework and analysis is currently being used, primarily due to recent changes in healthcare and to improve patient outcomes as well as financial sustainability. Comanche County Medical Center is a healthcare center that will be evaluated using the SWOT analysis and the outcomes revealed. Introduction The letters SWOT in the analysis are a contracted form of the words strength, weakness, opportunity, and threat. A SWOT analysis is used for understanding strengths, weaknesses, opportunities and threats within an organization. After evaluating the strengths and weaknesses, an organization is able to uncover opportunities and assist with managing and eliminating threats otherwise not visible. The SWOT being discussed in the paper is one associated with a healthcare facility. The healthcareShow MoreRelatedSwot Analysis Of Swot And Swot Analysis738 Words   |  3 Pagesknown as SWOT analysis. The SWOT analysis is business analysis method that business can use for each of its department when deciding on the most perfect way to increase their business and future growth. This procedure identifies the internal and external strengths, weaknesses, opportunities and threats that are in the markets. SWOT analysis helps you decide your position against your competitors, identifies best future opportunities, and highlight current and future threats. SWOT analysis is an acronymRead MoreSwot Analysis Of Swot Analysis : Swot1223 Words   |  5 PagesOnStar – SWOT Analysis To help OnStar determine if home monitoring services should be added to its list of products and services, a SWOT analysis should be completed. A SWOT analysis is a situation analysis or tool used to identify the strengths, weaknesses, opportunities and threats of an organization (SWOT Analysis Definition | Investopedia, 2005). Thus, it is a basic straightforward model that determines what an organization, like OnStar, can and cannot do, as well as determines its opportunitiesRead MoreSwot Analysis : Swot And Swot2320 Words   |  10 PagesSWOT analysis focuses on the internal factors which are the company’s strengths and weaknesses as well as the external factors which are the opportunities and threats which are gained from situational analysis, which focuses on summarizing all the pertinent information acquired about the key three environments of internal, customer, and external (Ferrell Hartline, 2014, p. 39). A SWOT analysis further gives a company precise advantages and disadvantages in satisfying the needs of its selectedRead MoreSwot Analysis : Swot And Swot1081 Words   |  5 PagesSWOT Analysis: A SWOT analysis (SWOT matrix) first used by Stanford Research Institute during 1960-1970 and it was presented by Mr. Albert S. Humphrey a American business and management consultant by using data from fortune 500 companies. We can succeed in our life if we use our talents to our full extent. Similarly, we‘ll have some problems if we know our weakness are, and if we manage these weaknesses so that we don’t matter in the work we do. To understand more about our self and our externalRead MoreSwot Analysis Of Swot Analysis : Swot911 Words   |  4 Pages SWOT Analysis In the article â€Å"SWOT analysis† Harmon (2015) offered a definition for SWOT analysis, the purpose of the SWOT analysis, the advantages of performing a SWOT analysis, and outlined and discussed the four components of the SWOT analysis. SWOT analysis is a planning and brainstorming tool that helps people evaluate an idea or project for a business or formulate a business plan (Harmon, 2015). It should be noted that SWOT analysis is an acronym for Strengths, Weaknesses, OpportunitiesRead MoreSwot Analysis : A Swot1371 Words   |  6 Pages SWOT analysis is valuable in understanding and revising the position of the company before decisions are made about company direction or the application of a new business idea. PEST is a tool to assess external factors. It is useful to complete a PEST analysis before a SWOT, although it may be more useful to complete a PEST analysis during, or after, a SWOT. SWOT and PEST are vital in determining the success of a business. SWOT analysis is a form of situational analysis in which internal strengthsRead MoreSwot Analysis : Swot And Swot1957 Words   |  8 PagesSWOT analysis focuses on the internal factors which are the company’s strengths and weaknesses as well as the external factors which are the opportunities and threats which are gained from situational analysis which focuses on summarizing all the pertinent information acquired about the key three environments of internal, customer, and external (Ferrell Hartline, 2014, p. 39). A SWOT analysis further gives a company precise advantages and disadvantages in satisfying the needs of its selected marketsRead MoreSwot Analysis : A Swot1708 Words   |  7 Pages A SWOT analysis is â€Å"a structured planning method used to evaluate the strengths, weaknesses, opportunities and threats involved in a project or in a business venture.†(en.wikipedia.org/wiki/SWOT analysis, 03/11/14). A swot analysis can also be used to examine a person’s attributes. The strengths and weaknesses usually are internal factors whereas threats and opportunities are mainly external. Advantage Disadvantage Internal Strengths 1. Self-motivated 2. I am organised; accurate and pay attentionRead MoreSwot Analysis : A Swot852 Words   |  4 PagesStrength, weaknesses, opportunities and threats, commonly known as a SWOT analysis is used by businesses. Organizations use the SWOT analysis technique to figure out and understand their areas of strong suits (strengths), their inevitable flaws (weaknesses), prospects that the organization could look into (opportunities) and things that pose as intimidations to the organization (threats). There are many obstacles to overcome when it comes to international expansion. Obstacles such as; language andRead MoreSwot Analysis : The Swot1888 Words   |  8 PagesThe SWOT analysis, a strategic planning tool was developed by Albert Humphrey in the 1960’s and 1970’s. Albert is said to have come up with this strategic planning tool through the use of data the Fortune 500 companies in the United States of America at that time (Lancaster Massingham, 2011). A SWOT analysis determine s the strengths, weaknesses, opportunities and threats, which are a relevant part of any organization especially the ones that get involved in new ventures. This tool assists the users

Getting A Scholarship For Basketball - 1445 Words

Here is Kyla. She is 17 years old a senior in high school and wants to go to college but is more looking into getting a scholarship for basketball if not she might not be able to go. She has two other younger siblings. They live in Chicago, IL ; in a two bedroom apartment funded by the state. Her mom works two jobs making about 50,000/yr and her father makes minimum wage working as a garbage man making about 25,000/yr. They are able to go about one or two small vacations a year. Winters are the worst because they live back to back on their paychecks. Sometimes life is very hard especially with all of the taxes living in one of the worst taxed states of all; Illinois. Seventy percent of the population in illinois fall into the middle/ low class society. We have been facing this problem of losing the middle class for a while and it is now starting to become a major problem; Pew Research Center says , â€Å" Americans are defined as adults whose annual household income is two-thir ds to double the national median, about $42,000 to $126,000 annually in 2014 dollars for a household of three. Under this definition, the middle class made up 50% of the U.S. adult population in 2015, down from 61% in 1971 (Pew Research). Therefore; the government needs to strive towards keeping the middle class in the United States. and this shows how the middle class has been decreasing over the years. Supply and demand, laws, societies, economies, all of these things have to deal with theShow MoreRelatedA Student Athlete s Scholarship1491 Words   |  6 Pagesmaking top Division I schools millions of dollars, but; why aren’t athlete’s getting any? In recent times, there has been a huge question that’s in the heads of athletes, coaches, parents which is should they get paid for their play on the field. In many universities the average scholarship is worth $29,671 according to a Bleacher Report article by Kay Jennings. Jennings also stated that a student-athlete’s scholarship varies from an in state and out state recruit. It was stated that â€Å"in-stateRead MoreAlmighty Scholarship1487 Words   |  6 PagesChallenges to Receive the Almighty Scholarship Dollar Scholarships are distributed differently between Division 1 and Division 2 athletics. The NCAA does not appear to be concerned with the roster size of a team when developing the rules governing how scholarships are distributed. A high school athlete’s dream is a full ride to their favored college. However, reality is, the scholarship offered can be far less, dependent upon the sport they play. Football and basketball are the favored sports at the collegiateRead MoreShould College Athletes Be Paid?1591 Words   |  7 Pageschoosing, if the athletes were good enough they would receive a scholarship, that comes with a free education, free housing, and a free meal plan. A discussed topic is should college athletes be paid because of all the hard work and revenue that they bring towards their universities, or should they remain unpaid because they are already receiving enough. In the article â€Å"Pay to play: should college athletes be paid?† Many get scholarships, which h elp pay for their tuition, supplies, housing, and sportingRead More Should College Athletes be Paid? Essay1510 Words   |  7 Pagespoor on the field and off the field as well. According to Fred Bowen, â€Å"only football and men’s basketball are money-making college sports. Most others, such as field hockey, wrestling and swimming, do not attract big crowds or make big bucks.† (Should college athletes get paid?). Also the sports team that give out the most money for athletes to come and play for them, are football and men’s basketball. â€Å"Critics of paying college athletes note that only a small number of them compete in sports orRead MoreCollege Athletes Should Not Be Paid1513 Words   |  7 Pages College institutions under the NCAA should be required to pay their athletes more than just a scholarship. College athletes are being manipulated every day. Student athletes are working day in and day out to meet academic standards and to keep their level of play competitive. These athletes need to be rewarded and credited for their achievements. Not only are these athletes not being compensated for, but they are also living with no money because they aren t allowed to hold a job that pays anRead MoreCollege Athletes Should Be Paid1097 Words   |  5 Pagesget to the college level. Their time and dedication is often paid off with the chance to play sports in college. Getting the opportunity to participate in college sports is one thing. Getting paid to do so is another. It is no secret that college athletics bring in the big bucks. The two sports that bring in the most revenue are football and basketball. If football and basketball are the sports that bring in the most money, they will most likely be the only sports to get paid. There are many factorsRead MoreEssay On College Athletes Should Be Paid803 Words   |  4 PagesComing from a student athlete I know how much hard work and dedication is required to be successful on the field/court wherever the sport is taken place, let alone in the classroom. In 2011-2012 the NCAA reported $876.1 million dollars in revenue. Basketball generated roughly $293 million, baseball generated roughly $419 thousand and football the rest. The University of Texas generated more than $93 million in 2011-2012.(â€Å"How Much Money Do College Sports Generate?† ) I believe the NCAA makes more thanRead MoreColl ege athletes sould be paid to play1364 Words   |  6 Pagestime colleges now such as Kansas, Kentucky, Baylor, Duke, Michigan St all basketball, and Alabama, LSU for football grab millions of dollars each year. The athletes for those teams such as Austin Rivers, Anthony Davis, Thomas Robinson, Jeremy Lamb, Andrew Luck, and many more get scholarships worth $250,000 at the most. Another reason people believe that college athletes should be paid is because some athletes are not getting paid from what others are benefiting from. It is obvious that big companiesRead MoreShould College Sports Be Banned?1301 Words   |  6 Pagesconferences they’re affiliated with. Division I college sports, most notably football and basketball, provide a huge source of universities’ income. The schools generate revenue from selling tickets, their various television contracts, and merchandise that supports the sport programs, along with many other sports related revenue builders. The athle tes however, get a scholarship and not much else. While the thought of getting a free ride through college is something not many people would protest. When theRead MoreShould College Athletes Be Paid?971 Words   |  4 Pages College is about getting an education and creating a better future for yourself, not about making money. Nowadays some college athletes think they re all that and should be paid for the sport they play. It seem to be that there forgetting that they already get to go to college for a discounted price or in some cases for free. College athletes think they should get paid for all there services they provide to the school and the revenue they bring in. First, how are colleges going to pay the

The Fight Club free essay sample

This paper is a review of the movie, The Fight Club and its commentary on contemporary society. This paper discusses the movie The Fight Club, which is based upon Chuck Palahniuks novel by the same name. The different themes presented in the movie are detailed, including how separation and dissatisfaction can lead to totalitarianism and how violence is often used to rearrange the world. The author also looks at the social impact of the movie on society by analyzing several different scenes from the film. The author feels that the most striking feature of the film is its violence and how it has been taken to such an extreme that in many cases people either avoided it altogether, or left midway through the movie because the violence was too much for them to handle. The experience of this film remained demanding to be considered and thought about it. However, unlike 95 percent of present -day action movies, there is an immense deal to ponder about and argue over since Fight Club presents an excess of thought-provoking material that at the same time works on many levels. We will write a custom essay sample on The Fight Club or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page The movie has been narrated in a conservative fashion, but is still been engaged, while Finchers determination, and fidgety style turned it into a visual masterpiece. However, as mentioned in above largely the experience is mostly as strange as watching Kubricks A Clockwork Orange since Fight Club is a tale that give details of an creepy alternate universe, in which the tune of life have the same rhythm as in ours but in a different manner.

The Subprime Mortgage Crisis

Question: Discuss the impact of the financial crisis on financial institutions and businesses elsewhere including your own country. Answer: Possible causes of financial crisis: The following are the causes of the financial crisis: 1. Fall of the Lehman brothers: the collapse of the Lehman brothers shook the financial system of the world. The ensuing crunch of the credit led to the worst recession of the world. The effects of the crisis are still being felt and many European countries are still ripping through the economy of the world. 2. Failures in the credit rating and securitization: there were the failures in the credit rating and securitization that changed the bad mortgages into the toxic financial assets. The securitizers had lowered the credit quality and had termed these securities as the safe investments and the buyers failed to look and go behind the ratings and the go for their due diligence. The managers of the large and the mid-size financial institutions had a huge amount of highly correlated housing risks and this risk was amplified when they held the capital in relation with the risks and funded the exposures with the debt of the short term. They also assumed that the funds will always be available. But they both turned out to be the bad debts. (Bill Thomas and Holtz-Eakin, 2015 (economist, 2015) 3. Houses to money markets: the securities that were backed up by the mortgages had suffered a fall in the value, if they were valued at all. Soon, it became difficult to sell these assets at any price or to use them as the collateral for the short term funding so that the banks could rely on them. The sale prices increased and injured the capital markets of the banks to mark to market rules of accounting. 4. The central bankers and the other regulators mishandled the crisis by failing to keep up the imbalances in the economy in check and for failing to exercise the proper oversight of the institutions. 5. The Basel committee had not set up any rules for the share in the assets of the bank and that should be liquid. This failed to set up a mechanism so as to allow the huge international bank to go bust and caused the rest of the system to seize up Effects of the financial crisis on the banks: The banks in the developing countries had to suffer the major contractions in the lines of credit and had also reduced the flows of the capital. It was due to the failure of the leading financial institutions such as the IMF that led to the response to the Asian crisis during the second great recession. The IMF had also recommended that the fiscal policies of the different economics were also going into recession. It had failed to predict the crisis of the bank because of the reason of the currency crisis. The following is the table that shows the reduction in the jobs that occurred during the period of recession: Company Jobs cut Headcount before August 20077 Latest headcount8 Remarks PNC Financial Services 5,800 28,054 59,595 Feb. 3 Includes jobs from merger with National City Corp on Dec. 31; job cuts at the combined group due to be completed by 2011 Bank of America 45,500 195,675 243,075 Dec. 31 Includes 30,000-35,000 jobs to be cut over 3 years after the purchase of Merrill Lynch and 7,500 jobs to be cut over 2 years after Countrywide Financial Corp acquisition Barclays 9,050 127,700 150,000 Jan. 15 Includes 3,000 cuts after the acquisition of Lehman Brothers businesses Bear Stearns 1,500 N/A N/A Layoffs August 2007-April 2008, before takeover by JPMorgan Citigroup 75,000 361,000 323,000 Dec. 31 Commerzbank 9,000 35,384 42,983 Sept. 30 All layoffs announced after the acquisition of Dresdner Bank Credit Suisse 7,320 45,600 50,300 Sept. 30 Deutsche Bank 1,380 75,140 81,308 Sept. 30 Fidelity Investments 4,000 Unavailable 44,400 Nov. 12 Fidelity National 4,100 Unavailable Unavailable Financial Inc Includes 1,500 cuts after purchase of three title insurers in December 2008 First American 4,250 38,000 34,000 Oct. 309 Estimate Goldman Sachs 4,800 29,905 30,067 Nov. 28 HSBC 2,850 312,577 335,000 Aug. 4 ING Over 7,000 119,097 130,000 Jan. 27 JP Morgan 16,900 179,664 224,961 Dec. 31 Includes 7,600 cuts announced after purchase of Bear Stearns and 9,200 layoffs at former Washington Mutual Inc., bought by JP Morgan Lehman Brothers 12,570 N/A N/A Includes about 6,000 job cuts made before the bank collapsed in September and an estimated 10,500 left jobless after the bank collapsed about 8,000 others were transferred to Nomura and 10,000 to Barclays Merrill Lynch 3,300 61,900 N/A Layoffs before takeover by Bank of America closed on Jan. 1 Morgan Stanley 8,680 45,845 46,964 Nov. 30 National City Corp 7,400 32,445 N/A Layoffs before National City Corp merged with PNC on Dec. 31 Nomura 1,480 16,854 26,318 Dec. 31 Includes 1,000 jobs cut after acquisition of Lehman Brothers units Santander 2,600 135,922 170,961 Dec. 31 RBS 3,950 135,400 170,000 Nov. 14 Includes employees from ABN-AMRO, acquired in October 2007 UBS 11,000 81,557 77,783 Dec. 31 UniCredit 9,000 135,880 177,393 Sept. 30 Includes staff from Ukrsotsbank, acquired in January 2009 (ILO 2015) The main effects of the crisis were felt in the financial sector. The people were laid off from their jobs around the world and the economies had suffered strongly. The total number of layoffs were 325,000 between August 2007 and 12 February 2009. How the financial crisis affected the economies of different countries: There were many of the countries that derived low income and were vulnerable for the adverse impacts of the global financial crisis that took place. This was due to the following 2 reasons: 1. The global economies were mainly dependent upon the export of the commodities, the remittances, the assistance of the official development and security. These were hit by the global crisis and so were the economies of the countries. 2. The countries underwent the high poverty levels and the reason behind this was the weak institutions. Due to this weak institutions, the economies were unable to cope up with the crisis and were therefore, badly injured. (world Bank, 2015) 2. The United States was the country that was badly hit and the industries that were badly hit includes the banking, real estate and the industry of construction. Millions of the homes were available for sale but none of the people were there to buy them. This was the largest financial crisis in the recent years and the biggest recession from the time of the Great Recession. (Development Goals, 2015) The effects of the recession were felt across all the countries. The emerging Asia had performed better than the rest of the world but had suffered too. When it comes to the economic growth, the effects of the crisis were felt mainly in China, India, Indonesia, Philippines and Vietnam. To the contrary, the effects were also felt in Hong Kong, Korea, Malaysia, Singapore and Thailand. There were mainly 2 important channels during the times of the crisis and they were the global financial markets and the trade. (Federal reserve bank, 2015) References: Bill Thomas, and Holtz-Eakin, K. (2015). What Caused the Financial Crisis? [Online] WSJ. Available at: Developmentgoals.com, (2015). The effect of the financial crisis on the third world | Development Goals. [Online] Available at Kennedy, G. (2015). Federal Reserve Bank San Francisco | Research, Economic Research, Financial Crisis, Global Markets, Asia, Emerging Asia |. [Online] Frbsf.org. Available at: siteresources.worldbank.org, (2015). Impact of the Global Financial and Economic Crisis on Fragile and Conflict-Affected Countries. [Online] Available at: The Economist, (2013). Crash course. [Online] Available at: www.ilo.org, (2015). INTERNATIONAL LABOUR ORGANIZATION Sectorial Activities Programmed. [Online] Available at