Comparison of the Happiness Concept of Young and Elderly Person Essay

Comparison of the Happiness Concept of Young and Elderly Person - Essay Example Happiness baffles definition. Each one sees the new horizon. Happiness is also related to time and circumstances and the level of spiritual progression of an individual. Spiritual giants, philosophers, and intellectuals have written millions of pages on the subjects of ‘joy’ and ‘happiness’ that have eluded the humankind in the known history. In the final analysis, the happiness of each individual is within and one has to achieve the state of happiness for oneself and it varies from individual to individual. The wise saying goes, ‘there is a beauty in the sunrise and also in the sunset’. The concept of happiness of a young man (Sunrise) discussed in the above interview differs much from the senior citizen mentioned in the second interview (Sunset). The young man is clear about the type of happiness that he is going to pursue and he is interested in long-term happiness. This means he has a vision in life and would like to remain away from negativities and gives importance to ethical values in life. He has secular ambitions; desires to earn money taking up the career of his choice, and as such, this young man is going to shape into a balanced personality and will be happy in life in the real sense of the term. According to Janaro and Altshuler (2011), this youth is given to â€Å"Critical Thinking† (the faculty of rational and logical analysis; looking at subjects objectively, gathering all information, and the opposite of jumping to hasty conclusions based upon a purely emotional response) in taking decisions in life. In the case of the senior citizen, he has c ome to terms with his life after a fairly long inning and has firmed up with his concept of happiness. He seems to be an introvert personality; the divorce might have contributed to his staying away from the society and not mixing freely with the people.     

Financial institutions and markets Essay Example | Topics and Well Written Essays - 750 words

Financial institutions and markets - Essay Example There are a number of benefits of OBS activities that a given bank can reap. It has been mentioned earlier that the bank is required to make a committed, which it is expected to honor. As a consequence, the bank charges some amount of fee while making this commitment. This fee charged by the bank charges constitutes the initial benefit of the off-balance-sheet activities to the bank. The structure of the normal interest rate is also applicable to the commitment if it is a requirement that the bank honors this initial commitment. This happens as the normal interest rate structure moves onto the bank’s balance sheet. However, the need to use either equity or deposits in funding the asset is an operation that the bank avoids. This is due to the fact that the original commitment by the bank never appears on the balance sheet. Possible additional deposit insurance premiums as well as reserve requirement balances are thus avoided by the bank as the bank improves its stream of earnin gs. A bank may encounter some risks while engaging in OBS activities, with the borrower’s credit risk being the primary risk on the bank’s asset’s side. On many occasions, until the borrower encounters a credit-worthiness altering financial situation or problem, the borrower does not utilize the bank’s commitment. The other risk is the negative impact that the movement of the off-balance-sheet activities into the balance sheet has upon the foreign exchange and rates of interests of the bank. Off-balance-sheet mortgage-backed securities were created and also held during the financial crisis by the largest FIs. However, these are some associative losses with regard to these securities, which lead to the acquisition, failure and bailout of some of these FIs. Additionally, the world’s economic as well as financial systems almost experienced some melt down. Based on