Exposed Sin vs. Hidden Sin in the Scarlet Letter Essay

Exposed Sin vs. Hidden Sin Since the beginning of time we have shown our imperfections as human beings. As detailed by the Bible in the Book of Genesis, Adam and Eve ate the fruit from the tree of knowledge committing the original sin. This infraction against God resulted in Adam and EveÂ’s expulsion from the Garden of Eden, and set the foundation for the judgment of mankind. The word sin derives from Old English synn and is defined as something shameful, deplorable, or utterly wrong. In this essay I will be comparing exposed sin to hidden sin as related to The Scarlet Letter, and the effects it has on people. In Nathanial HawthorneÂ’s The Scarlet Letter, Hester Prynne represents the exposed sin†¦show more content†¦At first the scarlet letter is a burden for Hester but it eventually leads to her redemption and independence. After so many years Hester is able to wear the scarlet letter proudly and dies with honor instead of disgrace. Contrarily, Reverend Arthur Dimmesdale chooses to con ceals his sin which leads to the deterioration of his physical and spiritual health, and ultimately leads to his death. Dimmesdale is given several opportunities to confess his sin but refrains from doing so, looking for penitence - fasting and whipping himself - but finds no solace. After years of bearing such guilt, Dimmesdale tells the townspeople that he is HesterÂ’s secret lover and PearlÂ’s father before his death. Confessing his sin allows Dimmesdale to find peace before death however, the overwhelming guilt was too much to bear. One wonders, would admitting to adultery in the beginning have prevented DimmesdaleÂ’s demise? Roger Chillingworth arrives in Salem just in time to see Hester Prynne, his wife, with a baby on the town scaffold. He is, at first, a victim of adultery, but puts himself unnecessarily in the situation of being the villain of the story. The first time we see Chillingworth he is described as having “a remarkable intelligence in his feat ures(56)” but “slightly deformed, with the left shoulder a trifle higher than the right(55)”. As the need for revenge takes over Chillingworth we see a transformation in his demeanor, by the end ofShow MoreRelatedAnalysis Of Nathaniel Hawthorne s The Scarlet Letter 1128 Words   |  5 Pagesshort stories and 4 unfinished manuscripts. The Scarlet Letter is a romantic work of fiction in a historical setting, which is considered to be his greatest work. The story was set in a Puritan settlement in the mid-1640s in Boston. A young beautiful woman named Hester Bryne , who is required to wear a letter ‘’A’’ in front of her breast , which is a sympol of adultery and shame , and she has to stand in front of the crowd on the scafford to be exposed to the crowd under the scaffold. While Hester

Over the last 30 years, videos games have become very...

Over the last 30 years, videos games have become very desirable for people of all ages, genders, and race. With the rapid growth of technology these games have become very life like and some seem as if your actually there in person. The rapid growth has made the video industry into a multi-billon dollar industry and this has created much controversy among the people because the games are becoming very realistic, but also more violent. Since the creation of violent video games there have been constant disputes to whether these games will increase violence in the player. Nevertheless, there have been researches done to try and understand the correlation between video games and violence. These researches haven’t only showed that the violent†¦show more content†¦Many acts of violent crimes have connected to young players and violent videos games. These young players aren’t supposed to be playing this game anyways. There is a reason these games are labeled with the game rating. An 8-year-old boy intentionally killed a 90-year-old woman when he shot her in the head inside a Louisiana mobile home after playing a violent video game, police said. But the child won’t be charged with a crime. The boy fatally shot his elderly caregiver, Marie Smothers, after playing â€Å"Grand Theft Auto IV† — a video game critics often blame for promoting violence — inside the mobile home at a Slaughter, La., trailer park Thursday evening, police said. (Kemp) I wonder why an 8-year kid is playing a game that has a label on it that clearly has a label print on to the cover saying it is for people 18 years old and up. Here’s a 8 year old boy who is barely capable of thinking on his own and he’s playing a game that he’s 10 years to young to be playing. My really question is how do you put that on the creators of the game? The game creators clearly put an age restrictions on the game for a reason because the content is very influential for someone who isn’t 18 or older. People over 18-year-old person are able to think for them selves as where an 8-year is not. When your 18 you have almost a complete understand of what’s right and what’s wrong. The difference from fantasy and reality areShow MoreRelatedWhy Women Should Not Be Sexualized And Objectified The Way They Are Video Games3095 Words   |  13 PagesDavid Dale 1 Why women should not be sexualized and objectified the way they are in video games today: Most of us would already know that women’s representation in the media is highly sexualized and that women are regularly portrayed in a sexual manner and are objectified in all forms of media whether it be in magazines, online, television, movies, music videos, and of course video games (Wu, 2014). Many people derive gratification from what they read and hear every day without thinking about theRead MoreWhy Do People Buy Counterfeit Products?3730 Words   |  15 PagesWhy   do   people   buy   counterfeit   products?    1       Running head: Why do people buy counterfeit products? Why people by counterfeit products? Monica Rodriguez American Intercontinental University Dr. Yamil Guevara Why   do   people   buy   counterfeit   products?    2       ABSTRACT The elaboration and commercialization of counterfeit products is an issue that has been growing prominently within the last 20 years. There is no place in the worldRead MoreDevelopmental Psychology Notes7715 Words   |  31 PagesDevelopment Sex – sexual anatomy and sexual behaviour Gender – perception of maleness or femaleness related to membership in a given society Week 8 Growing brain The brain grows at a faster rate than any other part of the body. 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Socialization begins at a. birth. b. age 1. c. age 2. d. age 5. e. when a child begins to speak. Benjamin describes himself as a single male, a college student, and a son. Benjamin’s self description illustrates which of the key functions of socialization? a. Socialization establishes our social identityRead MoreDissertation Proposal on Managing Diversity of Workforce18916 Words   |  76 Pagesorganizations are experiencing a necessity to make changes as well. The workforce will become increasingly more diverse in the future and this greatly affects the organization in its capacity of hiring and retaining employees. 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During his detention in various penitentiaries, he was mentally probed and prodded by psychologist and psychoanalysts hoping to discover the root of his violent actions and sexual frustrations. Many theories arose in attempts to explain the motivational

Mortgage Free Essays

Though experts recognize that the mortgage relief bill is not thorough, recognize that it remains the best latest attempt to address the current housing crisis facing the nation. A crisis that has continued to dominate the United States presidential debates as well as make it increasingly difficult for the homeowners to repay their loans. To understand the depth of the crisis and the latest efforts to correct the situation, it is important to look at what mortgagee is and how it operates. We will write a custom essay sample on Mortgage or any similar topic only for you Order Now Mortgage is simply the use of ones property to be security to a house loan. A mortgage transfers the legal rights of ownership to the pledged property to the lender in case the payments are not made as per the agreed terms. Such a loan is made in the understanding that the security shall revert back to the owner once the terms of have been fulfilled. To most people, mortgage is associated with real estates. It is a contract that involves a number of legal participants among them landowners who is referred to as the mortgagee and the borrower who is the mortgagor. Another term that comes into play in the mention of mortgage is foreclosure. Foreclosure simply refers to a situation where a lender terminates the contract after the failure of the mortgagor to stand by the agreement terms. This is usually in the direction of a court order. In foreclosure, a bank or any other financial institution that extends credit facilities repossesses a property if the homeowner is unable to comply with mortgage requirements (Carmen Rogoff 12). Currently there exists a subprime mortgage crisis in the United States. This is a crisis that can be evidenced by a liquidity problem existing in banks after a high default rate in mortgages leading to foreclosures. The current mortgage crisis is seen to have largely been caused by subprime lending which simply is the act of advancing loans to individuals whose creditworthiness is uncertain or wanting due to a low income. It is this subprime lending that contributed to the bulk of the total foreclosures in 2007, over 43%,despite the fact subprime lending were only 6.8% of all lending in that year (Stokes Mechem). The current economic recession in the united state has tarnished Bush’s presidency with most tracing a link to the hefty spending in the war. Bush insists that the slump is a s result of the mortgage crisis. That aside, he has received immense criticism for how he has handled the crisis and for not coming up with any concrete plans to ease the situation. He is also accused of standing by the big corporations instead of helping the low income group deeply embroiled in the crisis. This is a result of his stand in opposing the mortgage relief bill, a bill that has recorded considerable gains in the house. Though the bill has its flaws, it is seen as a reprieve to millions of homeowners who continually face the risk of foreclosure. The mortgage relief bill is aimed at providing tax reprieve to homebuilders. The local governments will be funded to rehabilitate deserted homes. Those that oppose the bill claim it is wrong spirited and will set a bad precedence of forcing â€Å"one neighbor to pay for the mistakes of another† (Anderson) Bush is opposed to the bill referring to it as a â€Å"bail out†. Some Republicans see it as forcing the 95% of homeowners that did it right to pay for the 5% that got it wrong. It is important to note though that the bill will pave way for a possible road to recovery and will go along way in preventing a further economic slump. Economists warn that if the situation is not arrested in time, it would degenerate to the worst debacle for the housing and the banking industries. It is apparent that the nation is reeling from the effect of a mortgage crisis that has been caused by increase in foreclosures as a result of subprime lending. Though the government is yet to come up with a comprehensive plan to arrest the situation, the mortgage relief act is seen as a step towards the right direction and might go a long way in easing the pressure off the homeowners and builders through a tax break. Works Cited Aleis Stokes   John Mechem. Delinquencies and Foreclosures Increase in Latest MBA National Delinquency Survey. Mortgage Bankers Association, 12/6/2007. Retrieved on 13th May 2008 from http://www.mbaa.org/NewsandMedia/PressCenter/58758.htm Scott Anderson. Bush administration opposes Democrats’ mortgage relief bill. CNN.com Edition. Sat April 26, 2008. Retrieved on 13th May 2008 from http://www.cnn.com/2008/POLITICS/04/26/house.mortgage/ Carmen M. Reinhart and Kenneth S. Rogoff . Is the 2007 U.S. Sub-Prime Financial Crisis So Different? An International Historical Comparison.. Analysis of Harvard economists. February 5, 2008, 12 ; ; How to cite Mortgage, Essay examples Mortgage Free Essays The American consumer has now gotten himself into trouble by simply living beyond his means. This is nothing new in America as only 2% of those who are set to retire at age 65, have enough in their savings and investments to have the same standard of living that they once knew when they were younger. (Saft 2007 pg. We will write a custom essay sample on Mortgage or any similar topic only for you Order Now C3) Credit card debt is skyrocketing and people can see no light at the end of the tunnel except for filing bankruptcy. What has been in the news recently and has shown how careless the American consumer can be is the number of foreclosures from supreme mortgages have gone through the roof and is to the degree that the fall out will likely result, and has already resulted in, effecting other sectors in the United States economy. There has been reported some relief as the Federal Reserve, on September 18th, announced that interest rates would be cut. This is only a short term resolution and the  ¼ % that it will likely be cut, will not bring enough relief to the millions of Americans who bought a more expensive home than they could afford. (Stempel, 2007) The predatory practices of lenders across the country have added to this as well. Sub prime mortgages deal with mortgages that were given to people with less than perfect credit scores who do not have to show to the same extent, financial proof that they can afford to pay the loan that they are applying for in order to buy their dream house. The fall out has occurred and will continue to occur as millions of people are in danger of losing their homes. The existence of the sub prime mortgage is important to note as well. Even at a conservative interest rate, a 30 year fixed mortgage, a lender will make on average, close to $200,000 on a $100,000 loan. (Rudd, 2007) Those that have the money to lend, will make a great deal of money in their return. The demand is high for homes as it is an important aspect of the American dream to own a home. However, many Americans suffer from poor credit scores as a result of past bills which had not been paid or past loans which had not been honored. As a result, this hurts the individual’s credit score; the most important piece of information that will help a lender to decide if giving a loan to the individual will constitute a risk to the lender. The lender is in the business of lending money and does not want to be in the necessary position to repossess one’s home. An individual with a low credit score and who was not able to prove that they had the necessary income to support their monthly mortgage payment, was denied the loan. This was for the protection of the lender as well as the borrorrer. These were the self imposed rules with the lending industry followed. Now, things have changed. There is so much money to be made in the lending market when good loans are made, that lenders are now playing on the lust that Americans have to own a home. This is not a lust to just own a home, but rather to own the largest and grandest home possible. The individual will not correctly study his budget to see the amount of a mortgage which he would afford and thinks with his heart and not his wallet. Also, the existence adjustable rate mortgages of ARMS; mortgages which are advantageous to the individual when the interest rate is low but which will rise, sometimes exponentially when the Federal Reserve raises the interest rate in order to stabilize the economy. In recent months, the interest rate has increased and therefore, mortgages which commanded an $800 a month payment, can now easily exceed $1100, depending on the initial interest rate which the individual was able to secure. (Seiders 2007 pg. 3) As a result, those individuals who have figured too closely, their budget and never really were in the position to buy a $200,000 home, default on their loan. Two missed payments and the foreclosure process begins. Full payment of the missed months, along with interest and penalty rates is what is needed for the individual to become up to date on his loan. For millions of people this decade, that has never come to fruition and not only are their homes lost, their credit is ruined for the next 7-10 years to such an extent that even the most predatory lender would shy away from giving that individual a loan in the immediate future. Needless to say, this effects those individuals who have no lost their homes, to a dizzying degree. However, there are other effects to the different sectors of the economy and the employees of these branches of the American work force who themselves, are not having a problem paying their mortgage and who though that they would never personally be effected from the sub prime mortgage if they were only smart enough to stay away from such predatory lenders. Such is not the case as so much of our economy is interchangeable and depends upon the success of the other. The fallout from the sub prime mortgage details such interdependence. One way in which the fallout from the sub prime market has affected the economy is in the stock market. There have been a number of very large companies which had either been forced to lay off thousands of workers, or have simply filed for bankruptcy. On June 20, 2007, Merrill Lynch seized more than $800 million in assets from two famous hedge funds that were previously involved in sub prime loans. (Saft, 2007 pg 4)   Now, these funds are worthless on paper and their assets have now been depleted. American Home Mortgage Investment Corporation announced that it had suffered a billion dollar loss and that a proposed $4.9 billion deal with Radian Group, would no longer come to fruition. (* Myers, 2007) Also, just last month, Countrywide, the largest American lender, accounted that it was being forced to cut 12,000 jobs from its payroll as a result of the sub prime mortgage fall out. It was reported that a staggering 19% of the total number of loans fell under the sub prime category. (Myers, 2007) It should therefore be no surprise to Countrywide, as well as those who follow the mortgage industry, when they hear of such steep job cuts. This was one of the hardest blows to the American economy and effects the economy in three main areas. The first effect is the fact that 12,000 people lost their jobs. Some individuals, for example, John Bryne, had been employed at Countrywide for over twenty years and now has lost a job and many companies will see him as too old to be hired. â€Å"I do not know what I am going to do. I was planning to retire with Countrywide. I will try to start over and on my own. However, I do not know if I will be able to find people who I can trust to repay their loan. It is a tough situation.† (Saft, 2007 pg.4) 12,000 people, along with the others who worked for lenders who are now out of business, have suffered the same fate. This is the result of individuals who have taken out a loan that they never should have had in the first place. When a mortgage is foreclosed upon, it is not only the individual who losses. The lender looses tens of thousands of dollars, sometimes hundreds of thousands of dollars, on the life of the loan. Also, lenders who have what the Federal Reserve regards as too many defaulted loans, and that lender can be shut down and find themselves out of business. Another negative aspect to the loss of 12,000 jobs from Countrywide, as well as the other lost jobs in the lending institution is the effect that it has on the stock market. The stock market and the study of it is a very complex thing. Many times, a business can meet its quarter estimates and enjoy a steady profit; its P/E ratio is superior to others in that field and yet their stock price continues to struggle and millions of dollars in investor’s money, is lost. All of the above mentioned factors are important factors in deciding if this is a stock which one should invest in. However, the Dow, NASDAQ and S P are indexes which, to some degree, is based upon speculation and perception. On July 19, 2007 the Dow hit a record high of 14,000. By August 15th, the Dow had fallen below 13,000 and as a result, billions of dollars was lost. (wwwcbsmarketwatch.com) Such a decrease has happened before but such is rare. â€Å"The current losses in the stock market cannot be considered a self imposed correction. It is a direct result from the mortgage crisis.† (Rudd, 2007) The news of the sub prime mortgage meltdown has resulted in the average investor taking out millions of dollars of his own money. When there is an extended period of high levels of selling, this will lead to a bear market in which an extended bear market will often times lead to a recession. The current American economy is not there yet and the news that the Federal Reserve will cut interest rates will stem the tide of such things coming to reality. However, such negative news only hurts the economy as a whole and the major indexes can expect to take a major hit in the short as well as long term. This results in a depletion of billions of dollars of individuals’ hard earned money. A third way in which the sub prime mortgage fall out effects people who themselves are not in danger of defaulting on their loan, is the ways in which foreclosures affect the property values of the homes within a neighborhood. For many individuals, their home will be the most expensive investment that they will ever make in their lifetime. When home owners feel that their property values are decreasing, often times, this will increase the rapidity in which they will seek to move. A decrease of 10% or even 5%   in the individual’s property value is often times, enough of a stimuli to incite the individual to move. Those who cannot move or who cannot find a buyer for their homes, are stuck with the loss. How does this happen? There are many factors which appraisers take into effect when deciding a home’s value. One of the important factors is the % of vacant ( foreclosed)   homes in the neighborhood. Prospective new home buyers will be steered away from such neighborhoods as it is a sign of an economically depressed neighborhood and the possibility of their own home’s value increasing, is minimal. An average American will move at least 3 times in their life. That means, that there is a 66% chance that their home will be seen and used as an investment as well as a home in which to live. A home bought at $100,000 with even the remotest possibility of one day being valued at less than the purchase price, is often times enough of a reason not to buy that home and to generally steer clear of that neighborhood entirely or to rent for a longer period of time. This last aspect is detrimental to the city as the loss of property taxes hits the budget hard and impedes the services which the city is able to provide. The effect that the sub prime mortgage fall out has is mental as well as monetary. Many potential home buyers, those with superior credit, are simply postponing any purchases and is prompted to simply wait out the storm. â€Å"Showings are down, contracts written are down and sellers are just as backed away as buyers are. This from Lou Barnes, a partner in mortgage banking   with Boulder West Financial in Bouler, Colorado. Barnes continues to comment: â€Å"I think the psychological damage is worse than the financial damage which is already bad enough. Even for buyers who have plenty of cash can easily afford higher mortgage rates, the sudden change in the financing environment reduces the desire to buy a house unless you really have to.† (Donn 2007 pg. 3) This idea goes back to the concept that a home purchase is seen as an investment as much as a domicile. The self imposed prevention of potential buyers who have superior credit scores to buy homes, hurts the local economy and the businesses in the area. The negative effects of the housing fall out are intertwined, one depending upon the other. Another way the sub prime mortgage affects the economy is in the fallout. Sub prime mortgages, in a utopian world, would give individuals a second change at improving their credit scores and disallowing their credit mistakes of the past, from preventing them from one day buying a house. Many times, credit problems occur when an individual is in college. Generally, the maturity needed to fully appreciate the concepts of long term results to their immediate actions are void in their mindset. Money is tight and credit cards are readily available. As a result, many credit cards are charged to their limit until eventually the bill goes to collections and is reported to the credit bureau. Hopefully, that individual, upon graduating from college and being removed from the situation for a couple of years, matures to the degree that such occurrences would never again happen. However, without the existence of a sub prime mortgage, that individual would not be allowed to buy a home for years; until his or her credit score was improved to the new guidelines of a 660 FICO score from a previous 620 guideline. (Saft, 2007 pg. 2) Those who bought their home at the beginning of the year and who had less than perfect credit with incomes on the brink of the cut off point for their mortgage, could not have bought a home any later. The same young couple who goes to buy a house six months from now when the new guidelines are put in place in order to help avoid another fall out, will be forced to rent for another year or two before they can receive clearance for a loan. One of the most lasting as well as immediate effects upon the mortgage industry and those who depend upon it, are the lending practices. Economist Mark Doms states: â€Å"The sharp rise in delinquency rates on sub prime residential mortgages has raised concerns about credit underwriting practices and economic distress among borrowers and has drawn the attention of policy makers at the Fed and elsewhere.† (Doms 2007 pg. 3) This observation can equate to an effect upon possibly millions of Americans who were planning to buy a home in the next calendar year. This, as Mark Doms states, will have lasting effects. â€Å"Two of the potential channels through which house price appreciation may affect the sub prime delinquency rate that we suggest, are the incentive to protect home equity associated with recent appreciation in house prices on the demand for housing.† (Donn, 2007 pg. 3) Such observations will most likely come to fruition in the immediate future as it will be observed that the complete fall out from the sub prime mortgage crisis is yet to be fully realized. John Moutlon, former CEO of American   Mortgage Group stated the situation the best when he said: â€Å"It feels like this is just the tip of the iceberg and no one knows how it will shake out. We are trying to anticipate guideline changes.† (Myers, 2007) These are the real effects of the sub prime mortgage fallout; in the ways that it affects the average American man and woman. As an example, the story of two families highlights the real results of the mortgage meltdown. The real story of the sub prime mortgage is the effect that it has on the economy when these loans, on a wide scale, default and millions of individuals are affected. The Laird Family in Central Illinois was a new couple just starting out. Both parents worked but had modest jobs as the job market was not very strong in their area. The father, John was 25 and the mother Marie, was 23. They had a two year old child and were renting for the past 3 years together. Both had credit scores near 600 and their mortgage from a home that they were wanting to buy, would constitute 30% of their total monthly income. The price of the home was $140,000 with a $673 monthly mortgage payment. (Berry, 2007 pg C4) Their credit scores was not high and as a result, they were forced to pay a higher interest rate. However, they were sure that such a payment could be reached. They bought their home in May of 2007, just weeks before the mortgage meltdown. â€Å"I cant believe the timing. I am so fortunate. We both have poor credit scores and I doubt that we’d be able to secure a mortgage that was not sub prime† (Berry 2007 pg. C4) states John Laird. Their story was an American success story. However, those who came after John and who found themselves in similar situations, were not so lucky. In Oakland, California where the median home price is more than $400,000, homes are hard come by for those who are not very rich and who either have great credit or can put down a sizable down payment. This was not the case for Hector Esperanza. He earned a nice living at the age of 30 but the time when he first came to America as a legal citizen, were not so smooth. He ran up one unpaid bill after another and routinely had bill collectors calling him. In the last 3 years, he cleaned up his act and remained current on all of his bills. He then wants to buy a house for what is in comparison, a low purchase price of $228,000. His credit score was 615; right on the cusp of the old requirements but now, as a result of the mortgage meltdown in which lenders are now very nervous to approve such high risk loans, Hector was denied. His monthly payments would only constitute 25% of his monthly income. However, with the advent of stricter lending policies, Hector was seen as too much of a high risk. The sad state of affairs is that Hector is no longer the exception. The housing market is revolved around timing. No where has this become truer than in today’s current housing market. However, â€Å"prospective buyers are not interested in the appreciation in value that their homes could bring. Now, they are only wanting the chance to buy a home at all.† (Stempel, 2007) As a result, there have come from this current situation, some real and sobering numbers which affect millions of people. When viewing these statistics, it would behoove the lending industry to realize that this equates into many individuals who are severely affected. The forecast for the 2007 Housing market is bearish at best. It is expected that: there will be a decrease of 23% in single family home purchases. 22% decrease in the number of new homes being built and 44% of building companies reporting that their business has been affected in an adverse way and that 78% of the largest building companies have bee affected by the sub prime mortgage meltdown.   13% decline in the real Residential Fixed investment as well as a modest slippage in the real value of residential remodeling. (Christie, 2007) However, the full brunt of the sub prime mortgage meltdown, sadly, is yet to be realized. The worst may be on its way The current sub prime mortgage crisis is an example of how the few can ruin it for the many. Not everyone who has less than perfect credit would become a risk when buying a home. Everyone makes mistakes and those who have credit scores that are on the brink of the cut off, should be given the opportunity to own their own home. However, when lenders give $200,000 mortgage loans to individuals who have credit scores less than 550 and who clearly cannot afford the monthly payments, it ruins the entire housing market and hurts the potential and legitimate home buyers from owning a small piece of the American dream. Those people are now forced to rent. Less money is going to the city through taxes and a higher level of frustration is prevalent among millions of potential, first time home buyers who simply came to the table a few months too late. The sub prime market is relatively new and barely even existed just ten short years ago. The existence of the sub prime mortgage is a testament to the financial beliefs of the average American. Immediate gratification is what is popular and in buying the largest house, not because such extravagance is really needed but as a show of status is the motivation behind such purchases. The median home price in San Francisco is a staggering $1.1 million. (Donn 2007)   The buyers of these home can be divided up into two distinct groups;   those who can easily afford such prices and those who will go bankrupt in the attempt to do so. For the latter group, up until recently, have had no problem finding lenders who are hungry for their business. The fall out has come and personal responsibility, both for the individual as well as the lender has finally come full circle and forced the members of Congress, the construction industry, real estate agents and prospective buyers have been forced to take notice. As it was stated earlier, many feel as though this is the tip of the iceberg and future problems are only around the corner. The fact that the Federal reserve on September 19th, 2007, announced that they were going to cut interest rates provides some solace to the current mortgage crisis. Only time will tell if it will be too little and too late and what permanent changes will come out of this crisis in responsible lending practices. WORKS CITED Berry, J Predatory Loan Practice Lead to Mortgage Fallout. Chicago Tribune Business September 1, 2007 Christie, Les Subprime Blame Game www.cnnmoney.com Aired April 20, 2007 Doan, Mark. Home Prices and Subprime Mortgage Delinquencies. The Federal Reserve Bank of San Francisco www.frbsf.org Downloaded September 18, 2007 Myers, J Subprime and Shockwaves Bloomberg TV Aired July 19, 2007 Robb, G. Fraud in Subprime Loans www.cbsmarketwatch.com Retrieved September 17, 2007 Saft, J. Subprime Mortgage rap tars Good Consumers, Economy.   www.reuters.com Downloaded September 17, 2007 Seiders, D. Fed   Surveys Subprime Mortgage Effects. www.nbnnews.com/eyeonecon/issues/2007 Downloaded September 15, 2007 Stempel, J. Countrywide Plunges on Downgrade. Bankrupcy feared. Reuters August 15, 2007 Fed Cuts Interest Rate http://www.wbbm780.com/pages/962665.php?contentType=4contentId=931793 Downloaded Septe How to cite Mortgage, Essay examples

Ascension Health Comparative Study of Hospital

Question: Discuss about the Ascension Health for Comparative Study of Hospital. Answer: Introduction I work in a subsidiary of Ascension, named as Ascension Health. It is a non-profit organization situated in United States and is also one of the worlds largest Catholic Health care system owning about 131 hospitals (Hapenney, S. S., 2011). Mission, Values And Vision According to the company the mission and vision is the base of their work. This guides the employees to work hard and be dedicated to serve the needy with care and affection (Hendrich, A., 2007). Mission: The mission of the organization is to be rooted to the loving nature and serve all needy with care, affection and equality. This organization is spiritually dedicated for the improvement of the health of the society along with the individuals. Vision: The organization, envisions becoming an energetic Catholic Health Ministry which will lead to the transformation of the health care service. It ensures commitment to the health of the communities as well as the individuals who are in need. It views the expansion of the role of congregation in the region of both leadership and sponsorship. Values: The organization values proper service to the poor, wisdom, dedication, creativity, integrity and reverence. While thinking about the mission of the organization. To far extend it is moving towards the mission. The services and care provided to the people are as promised and according to the ethics of the organization. But in some sectors it is lacking as it is focusing mostly on expanding the organization rather in taking care of the employees. As employees are the main assets of the organization, the company should involve some funds in increasing the pay scale of the organization. In case of the vision, it is moving correctly towards achieving the goals. Organisation Structure Below is a view of Ascension organization, which includes the health ministry, sponsors, parent system, and subsidiaries. Within the company, the CEOs give instructions which come down through different levels, finally to the daily working staff. The physician leadership council, clinical leadership forum and the chief nursing officer forum, meets together and discuss about the agenda of what to do and what not to do. These are transferred to the team leaders through the CEOs. After that the team leaders provide this information to different sections of the team to carry out the functions. Reporting about the progress of the work will also go in the same way but in reverse direction (Georgopoulos, B. S., 1986). The hierarchical structure helps in maintaining the importance and respects between different levels. This also gives a sense of responsibility to the people of different levels. But along with the pros there are also some cons. The hierarchy system increases the workloads at the lower levels and also increases a feeling of rivalry between the levels. In this organization the nursing has a higher responsibility due to the increased number of patients as well as expanded business. A health care centre depends mostly on its services and care provided to the patients, and all these can only be done by the nursing department (Answering the call to care., 2015). This department also shares the same mission and vision as the main organization and performs all the works to make the company accomplish its goals. Nursing acts as the backbone of the organization. Conclusion From all the above discussion it can be concluded that, nursing are the most important part of a health organization. But some issues occur due to the workload and low wages, which sometimes make the management of the organization unorganized. So the organization should take care of all the departments equally. References Answering the call to care. (2015, February 03). Retrieved July 21, 2016, from https://www.ascensionhealth.org/nursing/#/nursing-connection-to-mission Georgopoulos, B. S. (1986). Organizational structure, problem solving, and effectiveness: A comparative study of hospital emergency services. Jossey-Bass. Hapenney, S. S. (2011). Appeal to conscience clauses in the face of divergent practices among Catholic hospitals (Doctoral dissertation). Hendrich, A., Tersigni, A. R., Jeffcoat, S., Barnett, C. J., Brideau, L. P., Pryor, D. (2007). The Ascension Health journey to zero: lessons learned and leadership perspectives. The Joint Commission Journal on Quality and Patient Safety, 33(12), 739-749.